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: Natalie Lamarque, 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, 2025—May 31, 2026

 

 

 

 

 

 

 

Item 1: Reports to Shareholders.

 

 

 

 

 

TABLE OF CONTENTS

 

California Municipal Money Market Fund
Investor Shares - VCTXX

   

California Intermediate-Term Tax-Exempt Fund
Investor Shares - VCAIX

   

California Intermediate-Term Tax-Exempt Fund
Admiral™ Shares - VCADX

   

California Long-Term Tax-Exempt Fund
Investor Shares - VCITX

   

California Long-Term Tax-Exempt Fund
Admiral™ Shares - VCLAX

   

California Tax-Exempt Bond ETF
ETF Shares - VTEC

   

 

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Vanguard California Municipal Money Market Fund

Image

Investor Shares (VCTXX) 

Semi-Annual Shareholder Report | May 31, 2026

This semi-annual shareholder report contains important information about Vanguard California Municipal Money Market Fund (the "Fund") for the period of December 1, 2025, to May 31, 2026. You can find additional information about the Fund at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature. You can also request this information by contacting us at 800-662-7447. The report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Share Class Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Investor Shares
$6
0.12%Footnote Reference1
FootnoteDescription
Footnote1
Annualized.

Fund Statistics (as of May 31, 2026)

Table Summary
Fund Net Assets (in millions)
$3,943
Number of Portfolio Holdings
249

Distribution by Effective Maturity % of Net Assets (as of May 31, 2026) 

Table Summary
1 to 7 Days
84.2%
8 to 30 Days
5.3%
31 to 60 Days
3.7%
61 to 90 Days
4.7%
91 to 180 Days
1.6%
Over 180 Days
0.1%
Other Assets and Liabilities—Net
0.4%

This table reflects the Fund's investments, including short-term investments and other assets and liabilities.

How has the Fund changed?

Effective January 12, 2026, The Vanguard Group, Inc. exercises portfolio management responsibilities for the fund through its wholly-owned subsidiary, Vanguard Capital Management, LLC.

  

This is a summary of certain changes to the Fund since November 30, 2025. For more complete information, you may review the Fund’s prospectus, at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature or upon request at 800-662-7447.

Where can I find additional information about the Fund?

Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature.

Connect with Vanguard® • vanguard.com

 

Fund Information • 800-662-7447

Direct Investor Account Services • 800-662-2739

Text Telephone for People Who Are Deaf or Hard of Hearing •

800-749-7273

 

© 2026 The Vanguard Group, Inc.

All rights reserved.

Vanguard Marketing Corporation, Distributor.

 

SR62 

Vanguard California Intermediate-Term Tax-Exempt Fund

Image

Investor Shares (VCAIX) 

Semi-Annual Shareholder Report | May 31, 2026

This semi-annual shareholder report contains important information about Vanguard California Intermediate-Term Tax-Exempt Fund (the "Fund") for the period of December 1, 2025, to May 31, 2026. You can find additional information about the Fund at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature. You can also request this information by contacting us at 800-662-7447. The report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Share Class Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Investor Shares
$7
0.14%Footnote Reference1
FootnoteDescription
Footnote1
Annualized.

Fund Statistics (as of May 31, 2026)

Table Summary
Fund Net Assets (in millions)
$19,262
Number of Portfolio Holdings
5,208
Portfolio Turnover Rate
5%

Distribution by Stated Maturity % of Net Assets (as of May 31, 2026) 

Table Summary
Less than 1 Year
6.1%
1 to 3 Years
9.1%
3 to 5 Years
10.7%
5 to 10 Years
31.7%
10 to 20 Years
40.4%
20 to 30 Years
1.9%
Greater than 30 Years
0.1%
Other Assets and Liabilities—Net
0.0%

This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.

How has the Fund changed?

Effective January 12, 2026, The Vanguard Group, Inc. exercises portfolio management responsibilities for the fund through its wholly-owned subsidiary, Vanguard Capital Management, LLC.

  

This is a summary of certain changes to the Fund since November 30, 2025. For more complete information, you may review the Fund’s prospectus, at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature or upon request at 800-662-7447.

Where can I find additional information about the Fund?

Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature.

Connect with Vanguard® • vanguard.com

 

Fund Information • 800-662-7447

Direct Investor Account Services • 800-662-2739

Text Telephone for People Who Are Deaf or Hard of Hearing •

800-749-7273

 

© 2026 The Vanguard Group, Inc.

All rights reserved.

Vanguard Marketing Corporation, Distributor.

 

SR100 

Vanguard California Intermediate-Term Tax-Exempt Fund

Image

Admiral™ Shares (VCADX) 

Semi-Annual Shareholder Report | May 31, 2026

This semi-annual shareholder report contains important information about Vanguard California Intermediate-Term Tax-Exempt Fund (the "Fund") for the period of December 1, 2025, to May 31, 2026. You can find additional information about the Fund at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature. You can also request this information by contacting us at 800-662-7447. The report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Share Class Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Admiral Shares
$5
0.09%Footnote Reference1
FootnoteDescription
Footnote1
Annualized.

Fund Statistics (as of May 31, 2026)

Table Summary
Fund Net Assets (in millions)
$19,262
Number of Portfolio Holdings
5,208
Portfolio Turnover Rate
5%

Distribution by Stated Maturity % of Net Assets (as of May 31, 2026) 

Table Summary
Less than 1 Year
6.1%
1 to 3 Years
9.1%
3 to 5 Years
10.7%
5 to 10 Years
31.7%
10 to 20 Years
40.4%
20 to 30 Years
1.9%
Greater than 30 Years
0.1%
Other Assets and Liabilities—Net
0.0%

This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.

How has the Fund changed?

Effective January 12, 2026, The Vanguard Group, Inc. exercises portfolio management responsibilities for the fund through its wholly-owned subsidiary, Vanguard Capital Management, LLC.

  

This is a summary of certain changes to the Fund since November 30, 2025. For more complete information, you may review the Fund’s prospectus, at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature or upon request at 800-662-7447.

Where can I find additional information about the Fund?

Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature.

Connect with Vanguard® • vanguard.com

 

Fund Information • 800-662-7447

Direct Investor Account Services • 800-662-2739

Text Telephone for People Who Are Deaf or Hard of Hearing •

800-749-7273

 

© 2026 The Vanguard Group, Inc.

All rights reserved.

Vanguard Marketing Corporation, Distributor.

 

SR5100 

Vanguard California Long-Term Tax-Exempt Fund

Image

Investor Shares (VCITX) 

Semi-Annual Shareholder Report | May 31, 2026

This semi-annual shareholder report contains important information about Vanguard California Long-Term Tax-Exempt Fund (the "Fund") for the period of December 1, 2025, to May 31, 2026. You can find additional information about the Fund at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature. You can also request this information by contacting us at 800-662-7447. The report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Share Class Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Investor Shares
$7
0.14%Footnote Reference1
FootnoteDescription
Footnote1
Annualized.

Fund Statistics (as of May 31, 2026)

Table Summary
Fund Net Assets (in millions)
$6,100
Number of Portfolio Holdings
1,550
Portfolio Turnover Rate
24%

Distribution by Stated Maturity % of Net Assets (as of May 31, 2026) 

Table Summary
Less than 1 Year
7.0%
1 to 3 Years
4.0%
3 to 5 Years
4.8%
5 to 10 Years
13.5%
10 to 20 Years
35.0%
20 to 30 Years
30.6%
Greater than 30 Years
4.6%
Other Assets and Liabilities—Net
0.5%

This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.

How has the Fund changed?

Effective January 12, 2026, The Vanguard Group, Inc. exercises portfolio management responsibilities for the fund through its wholly-owned subsidiary, Vanguard Capital Management, LLC.

  

This is a summary of certain changes to the Fund since November 30, 2025. For more complete information, you may review the Fund’s prospectus, at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature or upon request at 800-662-7447.

Where can I find additional information about the Fund?

Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature.

Connect with Vanguard® • vanguard.com

 

Fund Information • 800-662-7447

Direct Investor Account Services • 800-662-2739

Text Telephone for People Who Are Deaf or Hard of Hearing •

800-749-7273

 

© 2026 The Vanguard Group, Inc.

All rights reserved.

Vanguard Marketing Corporation, Distributor.

 

SR75 

Vanguard California Long-Term Tax-Exempt Fund

Image

Admiral™ Shares (VCLAX) 

Semi-Annual Shareholder Report | May 31, 2026

This semi-annual shareholder report contains important information about Vanguard California Long-Term Tax-Exempt Fund (the "Fund") for the period of December 1, 2025, to May 31, 2026. You can find additional information about the Fund at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature. You can also request this information by contacting us at 800-662-7447. The report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Share Class Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Admiral Shares
$5
0.09%Footnote Reference1
FootnoteDescription
Footnote1
Annualized.

Fund Statistics (as of May 31, 2026)

Table Summary
Fund Net Assets (in millions)
$6,100
Number of Portfolio Holdings
1,550
Portfolio Turnover Rate
24%

Distribution by Stated Maturity % of Net Assets (as of May 31, 2026) 

Table Summary
Less than 1 Year
7.0%
1 to 3 Years
4.0%
3 to 5 Years
4.8%
5 to 10 Years
13.5%
10 to 20 Years
35.0%
20 to 30 Years
30.6%
Greater than 30 Years
4.6%
Other Assets and Liabilities—Net
0.5%

This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.

How has the Fund changed?

Effective January 12, 2026, The Vanguard Group, Inc. exercises portfolio management responsibilities for the fund through its wholly-owned subsidiary, Vanguard Capital Management, LLC.

  

This is a summary of certain changes to the Fund since November 30, 2025. For more complete information, you may review the Fund’s prospectus, at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature or upon request at 800-662-7447.

Where can I find additional information about the Fund?

Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature.

Connect with Vanguard® • vanguard.com

 

Fund Information • 800-662-7447

Direct Investor Account Services • 800-662-2739

Text Telephone for People Who Are Deaf or Hard of Hearing •

800-749-7273

 

© 2026 The Vanguard Group, Inc.

All rights reserved.

Vanguard Marketing Corporation, Distributor.

 

SR575 

Vanguard California Tax-Exempt Bond ETF

Image

ETF Shares (VTEC) Cboe BZX Exchange, Inc. 

Semi-Annual Shareholder Report | May 31, 2026

This semi-annual shareholder report contains important information about Vanguard California Tax-Exempt Bond ETF (the "Fund") for the period of December 1, 2025, to May 31, 2026. You can find additional information about the Fund at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature. You can also request this information by contacting us at 800-662-7447. The report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Share Class Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
ETF Shares
$4
0.07%Footnote Reference1
FootnoteDescription
Footnote1
Annualized.

Fund Statistics (as of May 31, 2026)

Table Summary
Fund Net Assets (in millions)
$2,648
Number of Portfolio Holdings
3,773
Portfolio Turnover Rate
3%

Distribution by Stated Maturity % of Net Assets (as of May 31, 2026) 

Table Summary
Less than 1 Year
5.9%
1 to 3 Years
8.5%
3 to 5 Years
8.7%
5 to 10 Years
21.4%
10 to 20 Years
30.1%
20 to 30 Years
23.8%
Greater than 30 Years
1.3%
Other Assets and Liabilities—Net
0.3%

This table reflects the Fund's investments, including short-term investments and other assets and liabilities.

How has the Fund changed?

Effective January 12, 2026, The Vanguard Group, Inc. exercises portfolio management responsibilities for the fund through its wholly-owned subsidiary, Vanguard Capital Management, LLC.

  

This is a summary of certain changes to the Fund since November 30, 2025. For more complete information, you may review the Fund’s prospectus, at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature or upon request at 800-662-7447.

Where can I find additional information about the Fund?

Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature.

Connect with Vanguard® • vanguard.com

 

Fund Information • 800-662-7447

Direct Investor Account Services • 800-662-2739

Text Telephone for People Who Are Deaf or Hard of Hearing •

800-749-7273

 

© 2026 The Vanguard Group, Inc.

All rights reserved.

Vanguard Marketing Corporation, Distributor.

 

SRV038 

 

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 in the financial statements filed under Item 7 of this Form.

 

 

 

 

Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies.

 

 

 

Financial Statements
For the six-months ended May 31, 2026
Vanguard California Municipal Money Market Fund

 

Contents
Financial Statements
1
   

 

California Municipal Money Market Fund
Financial Statements (unaudited)
Schedule of Investments
As of May 31, 2026
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)
Tender Option Bond (30.1%)
1,2 Anaheim California Housing Authority Multifamily Local or Guaranteed Housing Revenue TOB 1.670%  6/4/2026  26,535    26,535
1 California Department of Water Resources Water Revenue TOB 1.590%  6/4/2026   2,500     2,500
1 California Educational Facilities Authority College & University Revenue TOB 2.800%  6/1/2026   1,400     1,400
1 California Educational Facilities Authority College & University Revenue TOB 1.580%  6/4/2026   8,990     8,990
1 California Educational Facilities Authority College & University Revenue TOB 1.590%  6/4/2026   4,275     4,275
1 California Educational Facilities Authority College & University Revenue TOB 1.580%  6/4/2026   4,000     4,000
1,2 California Educational Facilities Authority Revenue TOB 3.000%  6/1/2026  13,065    13,065
1 California General Fund Revenue TOB 1.600%  6/4/2026   1,135     1,135
1 California GO TOB 2.550%  6/1/2026   5,000     5,000
1 California GO TOB 2.550%  6/1/2026   5,000     5,000
1 California GO TOB 2.700%  6/1/2026   2,895     2,895
1 California GO TOB 1.570%  6/4/2026   2,500     2,500
1,2 California GO TOB 1.570%  6/4/2026  15,230    15,230
1 California GO TOB 1.580%  6/4/2026     960       960
1 California GO TOB 1.590%  6/4/2026   4,690     4,690
1 California GO TOB 1.600%  6/4/2026   2,375     2,375
1,2 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue TOB 1.570%  6/4/2026  43,000    43,000
1,2 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue TOB 1.630%  6/4/2026  18,000    18,000
1,2 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue TOB 1.770%  6/4/2026   4,407     4,407
1,2 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue TOB 1.770%  6/4/2026  10,744    10,744
1,2 California Housing Finance Agency Local or Guaranteed Housing Revenue TOB 2.870%  6/1/2026   3,529     3,529
1,2 California Housing Finance Agency Local or Guaranteed Housing Revenue TOB 2.870%  6/1/2026   5,096     5,096
1,2 California Housing Finance Agency Local or Guaranteed Housing Revenue TOB 1.590%  6/4/2026  19,300    19,300
1,2 California Housing Finance Agency Ltd. Obligation Multifamily Local or Guaranteed Housing Revenue TOB 1.670%  6/4/2026  16,484    16,484
1 California Infrastructure & Economic Development Bank College & University Revenue TOB 1.570%  6/4/2026  12,350    12,350
1,2 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue PUT TOB 1.690%  6/4/2026  19,845    19,845
1,2,3 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue TOB 1.640%  6/4/2026   7,120     7,120
1,2 California Municipal Finance Authority Miscellaneous Revenue TOB 1.620%  6/4/2026   7,660     7,660
1,2 California Municipal Finance Authority Multifamily Housing Local or Guaranteed Housing Revenue TOB 1.670%  6/4/2026   9,913     9,913
1,2 California Municipal Finance Authority Multifamily Housing Local or Guaranteed Housing Revenue TOB 1.690%  6/4/2026   9,113     9,113
1,2 California Municipal Finance Authority Multifamily Housing Revenue TOB 1.690%  6/4/2026   9,926     9,926
1 California State Public Works Board Lease (Abatement) Revenue TOB 2.430%  6/1/2026   2,500     2,500
1 California State University College & University Revenue TOB 2.550%  6/1/2026   4,000     4,000
1 California State University College & University Revenue TOB 1.590%  6/4/2026   1,800     1,800
1 California State University College & University Revenue TOB 1.590%  6/4/2026   3,335     3,335
1 California State University College & University Revenue TOB 1.590%  6/4/2026   2,790     2,790
1 California State University Trustees College & University Revenue TOB 2.550%  6/1/2026   4,930     4,930
1 California State University Trustees College & University Revenue TOB 2.550%  6/1/2026   5,000     5,000
1 California State University Trustees College & University Revenue TOB 1.590%  6/4/2026   3,175     3,175
1 California State University Trustees College & University Revenue TOB 1.590%  6/4/2026   5,625     5,625
1,2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue TOB 2.700%  6/1/2026  14,780    14,780
1,2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue TOB 1.590%  6/4/2026   8,565     8,565
1,2 California Statewide Communities Development Authority Multi Family Housing Local or Guaranteed Housing Revenue TOB 2.800%  6/1/2026  12,105    12,105
1 California Statewide Communities Development Authority Multifamily Housing Revenue TOB 2.950%  6/1/2026  11,604    11,604
1,2 California Statewide Communities Development Authority Tobacco & Liquor Taxes Revenue TOB 2.800%  6/1/2026  56,050    56,050
1 Cerritos Community College District GO TOB 1.590%  6/4/2026   7,500     7,500
1,2 Chula Vista CA Housing Authority Multifamily Local or Guaranteed Housing Revenue TOB 1.670%  6/4/2026   5,488     5,488
1 Clovis Unified School District GO TOB 1.580%  6/4/2026   2,500     2,500
1,2 Contra Costa County California Multifamily Housing Local or Guaranteed Housing Revenue TOB 1.620%  6/4/2026  17,453    17,453
1 Downey Unified School District GO TOB 1.590%  6/4/2026   1,935     1,935
1 East Bay Municipal Utility District Water System Water Revenue TOB 2.550%  6/1/2026     600       600
1 Encinitas CA Union School District GO TOB 2.550%  6/1/2026   1,500     1,500
1,4 FHLMC Multifamily Certificates Local or Guaranteed Housing Revenue TOB 2.950%  6/1/2026  88,910    88,910
1,4 FHLMC Multifamily Certificates Revenue TOB 2.950%  6/1/2026   6,200     6,200
1,3 Irvine Facilities Financing Authority Special Tax Revenue TOB 1.630%  6/4/2026   5,000     5,000
1,2 JPMorgan Chase Putters/Drivers Trust Revenue TOB 1.770%  6/4/2026   8,000     8,000
1,2 JPMorgan Chase Putters/Drivers Trust TOB VRDP 1.770%  6/4/2026  11,540    11,540
1,2 Livermore CA Redevelopment Agency Multifamily Local or Guaranteed Housing Revenue TOB 1.660%  6/4/2026   2,737     2,737
1

 

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

($000)
1,3 Long Beach Community College District GO TOB 2.550%  6/1/2026  12,816    12,816
1 Los Angeles CA Department Airports Port, Airport & Marina Revenue TOB 1.600%  6/4/2026   2,250     2,250
1 Los Angeles CA Unified School District GO TOB 1.580%  6/4/2026   9,625     9,625
1 Los Angeles CA Wastewater System Sewer Revenue TOB 2.550%  6/1/2026   6,585     6,585
1 Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue TOB 1.580%  6/4/2026   1,400     1,400
1 Los Angeles Department of Airports Port, Airport & Marina Revenue TOB 2.550%  6/1/2026   5,250     5,250
1 Los Angeles Department of Airports Port, Airport & Marina Revenue TOB 2.550%  6/1/2026   3,390     3,390
1 Los Angeles Department of Airports Port, Airport & Marina Revenue TOB 2.600%  6/1/2026  15,825    15,825
1 Los Angeles Department of Airports Port, Airport & Marina Revenue TOB 2.600%  6/1/2026   4,110     4,110
1 Los Angeles Department of Airports Port, Airport & Marina Revenue TOB 2.600%  6/1/2026   2,405     2,405
1 Los Angeles Department of Airports Port, Airport & Marina Revenue TOB 1.600%  6/4/2026   2,250     2,250
1 Los Angeles Department of Airports Port, Airport & Marina Revenue TOB 1.600%  6/4/2026   1,665     1,665
1 Los Angeles Department of Airports Port, Airport & Marina Revenue TOB 1.600%  6/4/2026   6,000     6,000
1 Los Angeles Department of Airports Port, Airport & Marina Revenue TOB 1.620%  6/4/2026   1,535     1,535
1 Los Angeles Department of Airports Port, Airport & Marina Revenue TOB 1.620%  6/4/2026   2,015     2,015
1 Los Angeles Harbor department Port, Airport & Marina Revenue TOB 1.580%  6/4/2026   1,500     1,500
1 Los Angeles Unified School District GO TOB 1.580%  6/4/2026   5,595     5,595
1 Mount San Antonio Community College District GO TOB 1.590%  6/4/2026   4,000     4,000
1 Murrieta Valley Unified School District GO TOB 1.600%  6/4/2026   8,775     8,775
1,2 Nuveen California Quality Municipal Income Fund TOB VRDP 3.150%  6/1/2026 128,000   128,000
1,2 PIMCO California Municipal Income Trust TOB VRDP 1.770%  6/4/2026  13,015    13,015
1,5 Pittsburg Public Financing Authority Intergovernmental Agreement Revenue TOB 1.600%  6/4/2026   3,395     3,395
1,2 Public Finance Authority Local or Guaranteed Housing Revenue TOB 2.950%  6/1/2026  16,125    16,125
1 Regents of the University of California Medical Center Pooled College & University Revenue TOB 1.590%  6/4/2026   2,835     2,835
1 Regents of the University of California Medical Center Pooled Health, Hospital, Nursing Home Revenue TOB 1.600%  6/4/2026   8,765     8,765
1 Rio Hondo CA Community College District GO TOB 1.600%  6/4/2026  10,500    10,500
1,2 Sacramento County Housing Authority Local or Guaranteed Housing Revenue TOB 1.640%  6/4/2026   2,770     2,770
1,2 San Diego CA Housing Authority Local or Guaranteed Housing Revenue TOB 1.690%  6/4/2026  11,232    11,232
1 San Diego CA Unified School District GO TOB 1.600%  6/4/2026  11,900    11,900
1,2 San Diego County Regional Airport Authority Port, Airport & Marina Revenue TOB 1.630%  6/4/2026   3,210     3,210
1,2 San Diego Housing Authority Inc. Local or Guaranteed Housing Revenue TOB 2.870%  6/1/2026   2,135     2,135
1 San Diego Unified School District GO TOB 1.580%  6/4/2026     675       675
1 San Francisco Bay Area Rapid Transit District GO TOB 2.550%  6/1/2026   2,530     2,530
1 San Francisco Bay Area Rapid Transit District GO TOB 1.600%  6/4/2026   1,875     1,875
1 San Francisco Bay Area Rapid Transit District GO TOB 1.600%  6/4/2026  15,505    15,505
1,2,3 San Francisco CA City & County Multifamily Housing Local or Guaranteed Housing Revenue TOB 1.640%  6/4/2026  25,050    25,050
1,2,3 San Francisco CA City & County Multifamily Housing Local or Guaranteed Housing Revenue TOB 1.640%  6/4/2026  15,000    15,000
1,2 San Francisco CA City & County Multifamily Housing Local or Guaranteed Housing Revenue TOB 1.670%  6/4/2026   6,790     6,790
1,2 San Francisco CA City & County Multifamily Local or Guaranteed Housing Revenue TOB 1.670%  6/4/2026  14,232    14,232
1 San Francisco CA Public Utilities Commission Water Revenue TOB 1.570%  6/4/2026   4,675     4,675
1,2 San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue TOB 2.800%  6/1/2026   4,215     4,215
1 San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue TOB 2.800%  6/1/2026   3,700     3,700
1,2 San Francisco City & County Public Utilities Commission Power Electric Power & Light Revenue TOB 1.820%  6/4/2026   1,140     1,140
1 San Francisco City & County Public Utilities Commission Sewer Revenue TOB 1.570%  6/4/2026   5,890     5,890
1 San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue TOB 1.580%  6/4/2026   2,135     2,135
1 San Francisco County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue TOB 2.800%  6/1/2026   3,750     3,750
1 San Francisco County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue TOB 2.800%  6/1/2026  22,000    22,000
1 San Francisco County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue TOB 2.800%  6/1/2026  12,600    12,600
1 San Francisco County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue TOB 2.800%  6/1/2026  41,495    41,495
1 San Francisco County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue TOB 2.800%  6/1/2026  11,600    11,600
1 San Francisco County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue TOB 2.800%  6/1/2026   5,000     5,000
1,2 San Francisco County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue TOB 1.570%  6/4/2026   2,665     2,665
1,2 San Francisco Unified School District GO TOB 1.620%  6/4/2026   7,000     7,000
1,2 San Jose CA Multifamily Housing Revenue TOB 1.690%  6/4/2026  17,426    17,426
1 San Luis Coastal Unified School District GO TOB 2.550%  6/1/2026   4,000     4,000
1,3 San Mateo Union High School District GO TOB 2.550%  6/1/2026  10,907    10,907
1 University of California Regents College & University Revenue TOB 2.500%  6/1/2026   2,000     2,000
1 Ventura Unified School District GO TOB 2.500%  6/1/2026     800       800
1 Ventura Unified School District GO TOB 1.570%  6/4/2026     885       885
1,2 Washington Township Health Care District GO TOB 1.600%  6/4/2026   1,745     1,745
2

 

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

($000)
1 Wells Fargo Stage Trust TOB 1.470%  6/2/2026  35,000    35,000
Total Tender Option Bond (Cost $1,185,817) 1,185,817
Variable Rate Demand Note (51.8%)
2 Abag Finance Authority for Nonprofit Corps. Local or Guaranteed Housing Revenue VRDO 1.120%  6/4/2026   3,945     3,945
2 Abag Finance Authority for Nonprofit Corps. Local or Guaranteed Housing Revenue VRDO 1.350%  6/4/2026  81,150    81,150
2 Bay Area Toll Authority Highway Revenue VRDO 2.350%  6/1/2026   5,230     5,230
2 Bay Area Toll Authority Highway Revenue VRDO 0.800%  6/4/2026  10,400    10,400
2 Bay Area Toll Authority Highway Revenue VRDO 0.950%  6/4/2026  44,400    44,400
2 Bay Area Toll Authority Highway Revenue VRDO 1.000%  6/4/2026   5,400     5,400
2 Bay Area Toll Authority Highway Revenue VRDO 1.000%  6/4/2026  25,000    25,000
2 Bay Area Toll Authority Highway Revenue VRDO 1.050%  6/4/2026  33,850    33,850
2 Bay Area Toll Authority Highway Revenue VRDO 1.050%  6/4/2026  25,000    25,000
2 Bay Area Toll Authority Highway Revenue VRDO 1.180%  6/4/2026  10,750    10,750
2 Big Bear Lake CA Industrial Revenue (Southwest Gas Corp. Project) VRDO 1.400%  6/3/2026  50,000    50,000
  BlackRock MuniHoldings California Quality Fund Inc. VRDO VRDP 1.670%  6/4/2026  45,000    45,000
  California Educational Facilities Authority College & University Revenue VRDO 0.800%  6/4/2026  43,835    43,835
  California Educational Facilities Authority College & University Revenue VRDO 0.880%  6/4/2026  40,000    40,000
2 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 2.250%  6/1/2026  30,000    30,000
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 1.020%  6/3/2026  50,000    50,000
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 1.020%  6/3/2026  60,600    60,600
2 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 1.100%  6/3/2026  56,175    56,175
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue VRDO 1.190%  6/3/2026  58,275    58,275
  California Municipal Finance Authority Local or Guaranteed Housing Revenue VRDO 1.570%  6/4/2026   3,665     3,665
2 California Public Finance Authority Health, Hospital, Nursing Home Revenue (Sharp Healthcare Project) VRDO 1.200%  6/3/2026  29,600    29,600
2 California Public Finance Authority Health, Hospital, Nursing Home Revenue VRDO 2.300%  6/1/2026     300       300
  California Public Finance Authority Health, Hospital, Nursing Home Revenue VRDO 2.400%  6/1/2026  21,415    21,415
2 California Public Finance Authority Health, Hospital, Nursing Home Revenue VRDO 1.200%  6/3/2026  30,010    30,010
2 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Various Sweep Loan Program) VRDO 1.100%  6/3/2026  47,525    47,525
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue VRDO 1.120%  6/4/2026  16,285    16,285
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue VRDO 1.120%  6/4/2026  10,930    10,930
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue VRDO 1.120%  6/4/2026   2,300     2,300
2 Calleguas-Las Virgenes Public Financing Authority Water Revenue VRDO 1.020%  6/4/2026  15,695    15,695
2 Elsinore Valley Municipal Water District Financing Authority Water Revenue VRDO 0.800%  6/4/2026  61,100    61,100
2 Irvine CA Special Assessment Revenue VRDO 2.250%  6/1/2026  19,691    19,691
2 Irvine CA Special Assessment Revenue VRDO 2.250%  6/1/2026   9,101     9,101
2 Irvine CA Special Assessment Revenue VRDO 2.250%  6/1/2026  11,276    11,276
2 Irvine Ranch Water District Special Assessment Revenue VRDO 0.800%  6/4/2026  35,000    35,000
2 Irvine Ranch Water District Water Revenue VRDO 0.800%  6/4/2026   8,200     8,200
2 Modesto CA Public Financing Authority Lease (Abatement) Revenue VRDO 1.250%  6/4/2026  28,700    28,700
1 Nuveen California AMT-Free Quality Municipal Income Fund VRDO VRDP 1.600%  6/4/2026  43,600    43,600
1 Nuveen California AMT-Free Quality Municipal Income Fund VRDO VRDP 1.670%  6/4/2026   2,000     2,000
1 Nuveen California Quality Municipal Income Fund VRDO VRDP 1.640%  6/4/2026   9,500     9,500
1 Nuveen California Quality Municipal Income Fund VRDO VRDP 1.640%  6/4/2026  19,100    19,100
1 Nuveen California Quality Municipal Income Fund VRDO VRDP 1.660%  6/4/2026  79,100    79,100
2 Orange County CA Local or Guaranteed Housing Revenue VRDO 1.120%  6/4/2026   4,900     4,900
2 Orange County CA Local or Guaranteed Housing Revenue VRDO 1.120%  6/4/2026   2,600     2,600
2 Rancho Water District Community Facilities District No. 89-5 Special Tax Revenue VRDO 1.000%  6/3/2026   3,740     3,740
  Sacramento County Housing Authority Local or Guaranteed Housing Revenue VRDO 1.350%  6/4/2026   1,970     1,970
2 Sacramento Municipal Utility District Electric Power & Light Revenue VRDO 1.050%  6/4/2026  75,000    75,000
2 San Bernardino County CA Local or Guaranteed Housing Revenue VRDO 1.120%  6/4/2026   9,060     9,060
2 San Bernardino County CA Local or Guaranteed Housing Revenue VRDO 1.120%  6/4/2026  16,200    16,200
2 San Bernardino County CA Local or Guaranteed Housing Revenue VRDO 1.120%  6/4/2026     825       825
2 San Bernardino County CA Local or Guaranteed Housing Revenue VRDO 1.120%  6/4/2026   4,215     4,215
2 San Bernardino County CA Local or Guaranteed Housing Revenue VRDO 1.120%  6/4/2026   4,620     4,620
2 San Bernardino County CA Local or Guaranteed Housing Revenue VRDO 1.120%  6/4/2026   5,400     5,400
2 San Bernardino County CA Local or Guaranteed Housing Revenue VRDO 1.120%  6/4/2026   2,045     2,045
2 San Diego County CA COP VRDO 0.800%  6/4/2026   4,200     4,200
2 San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue VRDO 1.150%  6/3/2026  48,540    48,540
2 San Francisco City & County Redevelopment Agency Successor Agency Local or Guaranteed Housing Revenue (Mercy Terrace Project) VRDO 1.120%  6/4/2026   7,110     7,110
2 San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Public Safety Project) VRDO 0.900%  6/4/2026   1,600     1,600
2 Santa Clara Valley Transportation Authority Sales Tax Revenue VRDO 0.800%  6/4/2026   3,400     3,400
2 Santa Clara Valley Transportation Authority Sales Tax Revenue VRDO 0.800%  6/4/2026  20,000    20,000
2 Santa Rosa CA Local or Guaranteed Housing Revenue VRDO 1.100%  6/4/2026   1,340     1,340
  Southern California Metropolitan Water District Water Revenue VRDO 1.000%  6/4/2026  89,440    89,440
  Southern California Metropolitan Water District Water Revenue VRDO 1.050%  6/4/2026  67,500    67,500
2 Southern California Public Power Authority Electric Power & Light Revenue VRDO 1.750%  6/1/2026  41,640    41,640
3

 

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

($000)
2 Southern California Public Power Authority Intergovernmental Agreement Revenue (Canyon Power Project) VRDO 1.180%  6/4/2026   9,800     9,800
  University of California College & University Revenue VRDO 2.300%  6/1/2026  41,265    41,265
  University of California College & University Revenue VRDO 2.300%  6/1/2026   1,605     1,605
  University of California College & University Revenue VRDO 2.400%  6/1/2026   2,400     2,400
  University of California College & University Revenue VRDO 1.220%  6/4/2026 106,980   106,980
  University of California College & University Revenue VRDO 1.220%  6/4/2026  69,100    69,100
  University of California College & University Revenue VRDO 1.250%  6/4/2026  60,590    60,590
  University of California College & University Revenue VRDO 1.310%  6/4/2026  60,740    60,740
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 2.250%  6/1/2026  17,110    17,110
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 2.350%  6/1/2026  40,245    40,245
  Vacaville CA Local or Guaranteed Housing Revenue VRDO 1.120%  6/4/2026   9,200     9,200
2 Western Municipal Water District Facilities Authority Water Revenue VRDO 1.250%  6/4/2026  26,960    26,960
Total Variable Rate Demand Note (Cost $2,044,443) 2,044,443
Other Municipal Security (4.0%)
  California GO 5.000%  8/1/2026  11,625    11,673
  California Housing Finance Agency Local or Guaranteed Housing Revenue (5035 Coliseum Street Project) PUT 2.950% 10/1/2026   8,000     8,000
1 California Infrastructure & Economic Development Bank Economic Development Revenue PUT 3.500% 11/2/2026  20,000    20,000
  California School Cash Reserve Program Authority Miscellaneous Revenue 5.000% 6/30/2026  18,750    18,781
  California State Public Works Board Lease (Abatement) Revenue 5.000%  2/1/2027   2,975     3,023
  Long Beach Unified School District GO 5.000%  8/1/2026   2,000     2,007
  Los Angeles CA Community College District GO 5.000%  8/1/2026   1,755     1,762
  Los Angeles CA Community College District GO 5.000%  8/1/2026   2,535     2,545
  Los Angeles CA General Fund Revenue TRAN 5.000% 6/30/2026   6,855     6,866
  Los Angeles CA Miscellaneous Revenue TRAN 5.000% 6/25/2026  40,265    40,333
  Riverside County CA General Fund Revenue TRAN 5.000% 6/30/2026     445       446
3 Riverside County Public Financing Authority Tax Increment/Allocation Revenue 5.000% 10/1/2026   2,500     2,521
  San Diego Community College District GO, Prere. 4.000%  8/1/2026  33,140    33,225
  Santa Clara County CA GO 5.000%  8/1/2026   5,350     5,371
Total Other Municipal Security (Cost $156,553) 156,553
Non-Financial Company Commercial Paper (13.7%)
  California CP 2.300%  6/3/2026   5,000     5,000
  California CP 2.400%  7/7/2026  16,000    16,000
  California CP 2.370% 7/15/2026  20,000    20,000
  California CP 2.400% 7/23/2026  10,000    10,000
  California CP 2.400% 8/17/2026   5,000     5,000
  California Department of Water Resources CP 2.450%  7/8/2026   8,815     8,815
  California Department of Water Resources CP 2.430% 7/20/2026  10,000    10,000
  California State University CP 2.450%  7/7/2026  20,650    20,650
  California Statewide Communities Development Authority CP 2.330%  6/2/2026   8,050     8,050
  California Statewide Communities Development Authority CP 2.620%  6/2/2026  15,700    15,700
  California Statewide Communities Development Authority CP 2.300%  6/3/2026   5,350     5,350
  California Statewide Communities Development Authority CP 2.350%  7/7/2026   3,625     3,625
  California Statewide Communities Development Authority CP 2.350%  7/8/2026   6,995     6,995
  California Statewide Communities Development Authority CP 2.350%  7/9/2026  18,000    18,000
  California Statewide Communities Development Authority CP 2.350%  8/4/2026  36,250    36,250
  California Statewide Communities Development Authority CP 2.350%  8/5/2026  13,790    13,790
  California Statewide Communities Development Authority CP 2.480% 10/8/2026  17,000    17,000
  California Statewide Communities Development Authority CP 2.480% 10/8/2026  17,000    17,000
  Los Angeles County Capital Asset Leasing Corp. CP 2.430%  7/8/2026   9,400     9,400
  Los Angeles Department of Airports CP 2.410%  8/3/2026  35,700    35,700
  Los Angeles Municipal Improvement Corp. CP 2.300%  6/2/2026   3,000     3,000
  Municipal Improvement Corp. of Los Angeles CP 2.430%  7/8/2026  13,300    13,300
  Municipal Improvement Corp. of Los Angeles CP 2.450%  7/9/2026   6,500     6,500
  Sacramento Municipal Utility District CP 2.430%  8/4/2026  15,000    15,000
  San Diego County Water Authority CP 2.320%  6/9/2026  20,000    20,000
  San Diego Public Facilities Financing Authority Water Revenue CP 2.430% 6/30/2026   8,390     8,390
  San Francisco City & County Public Utilities Commission Wastewater Revenue CP 2.450%  6/4/2026   4,000     4,000
  University of California CP 2.450%  6/2/2026  15,235    15,235
  University of California CP 2.330%  6/3/2026  10,000    10,000
  University of California CP 2.350%  6/3/2026  10,000    10,000
  University of California CP 2.350%  6/4/2026  12,525    12,525
  University of California CP 2.400%  6/8/2026   3,060     3,060
  University of California CP 2.350% 6/10/2026  15,000    15,000
  University of California CP 2.460% 6/11/2026  15,000    15,000
  University of California CP 2.430% 6/12/2026  15,000    15,000
  University of California CP 2.500% 6/15/2026  24,000    24,000
4

 

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

($000)
  University of California CP 2.500% 6/16/2026  15,000    15,000
  University of California CP 2.550% 6/17/2026  13,900    13,900
  University of California CP 2.350% 6/18/2026  12,000    12,000
  University of California CP 2.350% 7/21/2026   5,000     5,000
  University of California CP 2.400%  8/5/2026  23,000    23,000
Total Non-Financial Company Commercial Paper (Cost $541,235) 541,235
Total Investments (99.6%) (Cost $3,928,048) 3,928,048
Other Assets and Liabilities—Net (0.4%) 14,540
Net Assets (100%) 3,942,588
Cost is in $000.
• See Note A in Notes to Financial Statements.
1 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At May 31, 2026, the aggregate value was $1,359,117, representing 34.5% of net assets.
2 Scheduled principal and interest payments are guaranteed by bank letter of credit.
3 Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co.
4 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.
5 Scheduled principal and interest payments are guaranteed by Assured Guaranty Inc.
  COP—Certificate of Participation.
  CP—Commercial Paper.
  GO—General Obligation Bond.
  Prere.—Prerefunded.
  PUT—Put Option Obligation.
  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.
5

 

California Municipal Money Market Fund
Statement of Assets and Liabilities
As of May 31, 2026
($000s, except shares and per-share amounts) Amount
Assets  
Investments in Securities, at Value—Unaffiliated Issuers (Cost $3,928,048) 3,928,048
Investment in Vanguard 87
Cash 14,036
Receivables for Investment Securities Sold 884
Receivables for Accrued Income 13,250
Receivables for Capital Shares Issued 12,648
Other Assets 1,001
Total Assets 3,969,954
Liabilities  
Payables for Investment Securities Purchased 16,203
Payables for Capital Shares Redeemed 9,836
Payables for Distributions 1,118
Payables to Vanguard 209
Total Liabilities 27,366
Net Assets 3,942,588
At May 31, 2026, net assets consisted of:  
   
Paid-in Capital 3,942,417
Total Distributable Earnings (Loss) 171
Net Assets 3,942,588
 
Net Assets  
Applicable to 3,941,419,413 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		3,942,588
Net Asset Value Per Share $1.00
  
See accompanying Notes, which are an integral part of the Financial Statements.
6

 

California Municipal Money Market Fund
Statement of Operations
  Six Months Ended
May 31, 2026
  ($000)
Investment Income  
Income  
Interest 38,862
Total Income 38,862
Expenses  
The Vanguard Group—Note C  
Investment Advisory Services 334
Management and Administrative 1,755
Marketing and Distribution 162
Custodian Fees 6
Shareholders’ Reports 19
Trustees’ Fees and Expenses 1
Other Expenses 4
Total Expenses 2,281
Expenses Paid Indirectly (6)
Net Expenses 2,275
Net Investment Income 36,587
Realized Net Gain (Loss) on Investment Securities Sold 22
Net Increase (Decrease) in Net Assets Resulting from Operations 36,609
  
See accompanying Notes, which are an integral part of the Financial Statements.
7

 

California Municipal Money Market Fund
Statement of Changes in Net Assets
  Six Months Ended
May 31,
2026 		  Year Ended
November 30,
2025
  ($000)   ($000)
Increase (Decrease) in Net Assets      
Operations      
Net Investment Income 36,587   79,320
Realized Net Gain (Loss) 22   37
Net Increase (Decrease) in Net Assets Resulting from Operations 36,609   79,357
Distributions      
Total Distributions (36,611)   (79,686)
Capital Share Transactions (at $1.00 per share)      
Issued 1,287,191   2,114,365
Issued in Lieu of Cash Distributions 30,002   65,156
Redeemed (1,153,963)   (2,109,338)
Net Increase (Decrease) from Capital Share Transactions 163,230   70,183
Total Increase (Decrease) 163,228   69,854
Net Assets      
Beginning of Period 3,779,360   3,709,506
End of Period 3,942,588   3,779,360
  
See accompanying Notes, which are an integral part of the Financial Statements.
8

 

California Municipal Money Market Fund
Financial Highlights
For a Share Outstanding
Throughout Each Period 		Six Months
Ended
May 31,
2026 		Year Ended November 30,
2025 2024 2023 2022 2021
Net Asset Value, Beginning of Period $1.00 $1.00 $1.00 $1.00 $1.00 $1.00
Investment Operations            
Net Investment Income1 .0096 .0215 .0283 .0250 .0073 .0001
Net Realized and Unrealized Gain (Loss) on Investments — .0001 — .0001 (.0002) —
Total from Investment Operations .0096 .0216 .0283 .0251 .0071 .0001
Distributions            
Dividends from Net Investment Income (.0096) (.0216) (.0283) (.0251) (.0071) (.0001)
Distributions from Realized Capital Gains — — (.0000)2 (.0000)2 (.0000)2 —
Total Distributions (.0096) (.0216) (.0283) (.0251) (.0071) (.0001)
Net Asset Value, End of Period $1.00 $1.00 $1.00 $1.00 $1.00 $1.00
Total Return3 0.97% 2.18% 2.86% 2.54% 0.72% 0.01%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $3,943 $3,779 $3,710 $3,569 $4,180 $3,893
Ratio of Total Expenses to Average Net Assets4 0.12%5 0.13%5 0.16%5 0.16%5 0.14%5 0.06%
Ratio of Net Investment Income to Average Net Assets 1.93% 2.15% 2.83% 2.50% 0.73% 0.01%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Distribution was less than $.0001 per share.
3 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.
4 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 years ended November 30, 2022 and 2021. For the six months ended May 31, 2026, and the years ended November 30, 2025, 2024, and 2023, there were no expense reductions.
5 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.12%, 0.13%, 0.16%, 0.16%, and 0.14%, respectively.
  
See accompanying Notes, which are an integral part of the Financial Statements.
9

 

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.
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. Certain short-term debt instruments may be valued on the basis of amortized cost provided that the amortized cost of the debt reflects its fair value.
2. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute virtually 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 $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes 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 the higher of the effective federal funds rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate. 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, 2026, 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. Vanguard provides investment advisory services to the fund through its wholly owned subsidiary Vanguard Capital Management, LLC.
C. 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, 2026, the fund had contributed to Vanguard capital in the amount of $87,000, representing less than 0.01% of the fund’s net assets and 0.03% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
D. The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended May 31, 2026, custodian fee offset arrangements reduced the fund’s expenses by $6,000 (an annual rate of less than 0.01% of average net assets).
E. 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.
10

 

California Municipal Money Market Fund
At May 31, 2026, 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.
F. As of May 31, 2026, gross unrealized appreciation and depreciation for investments based on cost for U.S. federal income tax purposes were as follows:
  Amount
($000)
Tax Cost 3,928,048
Gross Unrealized Appreciation —
Gross Unrealized Depreciation —
Net Unrealized Appreciation (Depreciation) —
G. 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, 2026, such purchases were $37,401,000 and sales were $94,675,000, resulting in net realized gain (loss) of $0.
H. Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, political or regulatory conditions, 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.
To the extent the fund’s investment portfolio reflects concentration in a particular market, industry, sector, country or asset class, the fund may be adversely affected by the performance of these concentrations and may be subject to increased price volatility and other risks.
Credit risk is the risk that a counterparty to a transaction or an issuer of a financial instrument will fail to pay interest and principal when due, or that perceptions of the issuer’s ability to make such payments will cause the price of an investment to decline. Investment in debt securities will generally increase credit risk.
I. Operating segments are components of an entity that engage in business activities, have discrete financial information available, and have their operating results regularly reviewed by a chief operating decision maker (“CODM”). The fund is considered a single segment. Vanguard’s chief executive officer, chief investment officer, and chief financial officer, who are also officers of the fund, as well as the fund’s chief financial officer collectively act as the CODM. Vanguard has established various management committees to assist the CODM with overseeing aspects of the fund’s daily operations. Through these committees, the CODM manages the fund’s operations to achieve a single investment objective, as detailed in its prospectus, through the execution of the fund’s investment strategies. When assessing segment performance and making decisions about segment resources, the CODM relies on the fund’s portfolio composition, total returns, expense ratios and changes in net assets which are consistent with the information contained in the fund’s financial statements. Segment assets, liabilities, income, and expenses are also detailed in the accompanying financial statements.
J. Management has determined that no subsequent events or transactions occurred through the date the financial statements were issued that would require recognition or disclosure in these financial statements.
Q622 072026
11
Financial Statements
For the six-months ended May 31, 2026
Vanguard California Intermediate-Term Tax-Exempt Fund

 

Contents
Financial Statements
1
   

 

California Intermediate-Term Tax-Exempt Fund
Financial Statements (unaudited)
Schedule of Investments
As of May 31, 2026
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 (97.8%)
  Abag Finance Authority for Nonprofit Corps. Special Tax Revenue (Windemere Ranch Infrastructure Financing Program) 5.000%   9/2/2026     185        185
  Abag Finance Authority for Nonprofit Corps. Special Tax Revenue (Windemere Ranch Infrastructure Financing Program) 5.000%   9/2/2028     320        321
  Abag Finance Authority for Nonprofit Corps. Special Tax Revenue (Windemere Ranch Infrastructure Financing Program) 5.000%   9/2/2029     270        270
  Abag Finance Authority for Nonprofit Corps. Special Tax Revenue (Windemere Ranch Infrastructure Financing Program) 5.000%   9/2/2030     315        316
  Abag Finance Authority for Nonprofit Corps. Special Tax Revenue (Windemere Ranch Infrastructure Financing Program) 5.000%   9/2/2031     260        260
1,2 ABC Unified School District GO 0.000%   8/1/2034   4,600      3,512
  ABC Unified School District GO 3.000%   8/1/2040   3,610      3,212
  Acalanes Union High School District GO 6.350%   8/1/2039  15,000     16,491
  Acalanes Union High School District GO 6.550%   8/1/2039  13,115     14,497
3 Alameda Community Improvement Commission Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2027     750        753
3 Alameda Community Improvement Commission Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2028   1,000      1,003
3 Alameda Community Improvement Commission Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2030   1,680      1,686
3 Alameda Community Improvement Commission Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2031   1,640      1,645
3 Alameda Community Improvement Commission Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2032   3,000      3,010
4 Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/2043   1,000      1,089
4 Alameda Corridor Transportation Authority Transit Revenue 3.000%  10/1/2034   1,325      1,293
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/2034  19,135     19,241
2 Alameda Corridor Transportation Authority Transit Revenue 0.000%  10/1/2035  16,335     11,719
4 Alameda Corridor Transportation Authority Transit Revenue 4.000%  10/1/2035   2,750      2,753
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/2035  20,580     20,687
4 Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/2035   3,660      3,683
4 Alameda Corridor Transportation Authority Transit Revenue 3.125%  10/1/2036     265        252
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/2036  13,845     13,914
4 Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/2036   1,330      1,338
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/2037   5,110      5,134
4 Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/2037   1,250      1,257
  Alameda County CA Fremont Unified School District GO 5.000%   8/1/2033   1,000      1,160
  Alameda County CA Fremont Unified School District GO 5.000%   8/1/2034   1,000      1,170
  Alameda County CA Fremont Unified School District GO 5.000%   8/1/2035   1,000      1,179
  Alameda County CA Fremont Unified School District GO 2.000%   8/1/2036     370        304
  Alameda County CA Fremont Unified School District GO 2.000%   8/1/2037   4,425      3,545
  Alameda County CA Fremont Unified School District GO 5.000%   8/1/2037   1,000      1,176
  Alameda County CA Fremont Unified School District GO 2.000%   8/1/2038   6,550      5,126
  Alameda County CA Fremont Unified School District GO 5.000%   8/1/2038   1,000      1,169
  Alameda County CA Fremont Unified School District GO 2.000%   8/1/2039   6,890      5,266
  Alameda County CA Unified School District GO 4.000%   8/1/2029     350        355
  Alameda County CA Unified School District GO 4.000%   8/1/2030     520        528
  Alameda County CA Unified School District GO 4.000%   8/1/2031     480        487
  Alameda County CA Unified School District GO 4.000%   8/1/2032     710        719
  Alameda County CA Unified School District GO 4.000%   8/1/2033     500        506
4 Alameda County CA Unified School District GO 0.000%   8/1/2034   5,000      3,824
4 Alameda County CA Unified School District GO 0.000%   8/1/2035  10,000      7,327
  Alameda County CA Unified School District GO 3.000%   8/1/2038   1,000        930
  Alameda County CA Unified School District GO 3.000%   8/1/2042     385        326
  Alameda County CA Unified School District GO 5.000%   8/1/2042   5,000      5,091
4 Alameda County Oakland Unified School District GO 5.000%   8/1/2027   1,965      2,023
  Alameda County Oakland Unified School District GO 5.000%   8/1/2028   2,940      3,023
4 Alameda County Oakland Unified School District GO 5.000%   8/1/2028   1,210      1,245
4 Alameda County Oakland Unified School District GO 5.000%   8/1/2029   2,060      2,119
  Alameda County Oakland Unified School District GO 5.000%   8/1/2030   1,800      1,849
4 Alameda County Oakland Unified School District GO 5.000%   8/1/2030   2,030      2,086
  Alameda County Oakland Unified School District GO 5.000%   8/1/2030   5,205      5,683
4 Alameda County Oakland Unified School District GO 5.000%   8/1/2031   5,250      5,392
4 Alameda County Oakland Unified School District GO 4.000%   8/1/2034   3,500      3,528
3 Alameda County Oakland Unified School District GO 5.000%   8/1/2034   1,220      1,405
1

 

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

($000)
3 Alameda County Oakland Unified School District GO 5.000%   8/1/2035   1,465      1,698
4 Alameda County Oakland Unified School District GO 4.000%   8/1/2036   4,295      4,319
  Alameda County Oakland Unified School District GO 5.000%   8/1/2036   1,135      1,159
3 Alameda County Oakland Unified School District GO 5.000%   8/1/2036   1,335      1,556
4 Alameda County Oakland Unified School District GO 4.000%   8/1/2037   3,465      3,480
3 Alameda County Oakland Unified School District GO 4.000%   8/1/2037   1,565      1,602
  Alameda County Oakland Unified School District GO 5.000%   8/1/2038     125        127
4 Alameda County Oakland Unified School District GO 3.000%   8/1/2040  13,250     11,823
3 Alameda County Oakland Unified School District GO 4.000%   8/1/2040   4,280      4,290
3 Alameda County Oakland Unified School District GO 5.000%   8/1/2040   3,145      3,573
3 Alameda County Oakland Unified School District GO 4.000%   8/1/2041   4,645      4,635
3 Alameda County Oakland Unified School District GO 5.000%   8/1/2041   7,585      8,566
3 Alameda County Oakland Unified School District GO 5.000%   8/1/2042  11,125     12,467
3 Alameda County Oakland Unified School District GO 5.000%   8/1/2043   5,750      6,399
4 Alameda County Oakland Unified School District GO 5.250%   8/1/2043   5,305      5,839
3 Alameda County Oakland Unified School District GO 5.000%   8/1/2044   5,660      6,244
3 Alameda County Oakland Unified School District GO 5.000%   8/1/2045   5,970      6,520
3 Alameda County Oakland Unified School District GO 5.000%   8/1/2046   4,335      4,686
4 Alhambra Unified School District GO 0.000%   8/1/2033   1,000        798
4 Alhambra Unified School District GO 0.000%   8/1/2036   2,500      1,775
4 Alhambra Unified School District GO 0.000%   8/1/2037  11,000      7,395
4 Alhambra Unified School District GO 0.000%   8/1/2042   1,000        526
4,5 Alum Rock Union Elementary School District GO 5.000%   8/1/2039     360        412
4,5 Alum Rock Union Elementary School District GO 5.000%   8/1/2040     325        371
4,5 Alum Rock Union Elementary School District GO 5.000%   8/1/2041     250        284
  Alum Rock Union Elementary School District GO 4.000%   8/1/2042   1,000      1,011
4,5 Alum Rock Union Elementary School District GO 5.000%   8/1/2042     600        676
4,5 Alum Rock Union Elementary School District GO 5.000%   8/1/2043     650        728
4,5 Alum Rock Union Elementary School District GO 5.000%   8/1/2044     780        865
4,5 Alum Rock Union Elementary School District GO 5.000%   8/1/2045   1,420      1,559
4 Alvord Unified School District GO 5.000%   8/1/2028   1,375      1,452
4 Alvord Unified School District GO 5.000%   8/1/2030   1,950      2,054
4 Alvord Unified School District GO 5.000%   8/1/2031   1,750      1,840
4 Alvord Unified School District GO 5.000%   8/1/2032   1,405      1,475
4 Alvord Unified School District GO 0.000%   8/1/2043   3,595      1,791
4 Amador Water Agency COP 5.000%  12/1/2030   3,575      3,904
4 Amador Water Agency Water Revenue 5.000%  12/1/2030   1,860      2,031
2 Anaheim CA City School District GO 0.000%   8/1/2026   8,940      8,898
2 Anaheim CA City School District GO 0.000%   8/1/2027  11,075     10,718
2,4 Anaheim CA City School District GO 0.000%   8/1/2029   4,190      3,822
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2031   1,305      1,344
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2032   2,000      2,059
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2032   1,100      1,208
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2033   1,750      1,800
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2033     505        553
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2033     250        274
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2034     425        464
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2034     500        546
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2035     375        408
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2037     525        568
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2038     900        971
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2039   1,300      1,396
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2040     500        535
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2041   1,525      1,628
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2041   1,900      2,028
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2042   1,550      1,647
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2042   2,000      2,125
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2043   1,700      1,799
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2043   2,080      2,201
4 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/2027   1,000      1,029
  Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/2028   1,820      1,914
  Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/2029   1,320      1,416
4 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 0.000%   9/1/2030   6,070      5,384
3 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/2032   2,070      2,213
4 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 0.000%   9/1/2034   5,500      4,229
3 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/2034   2,000      2,050
3 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/2035   6,500      6,656
3 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/2036  15,500     15,855
3 Anaheim Union High School District GO 3.000%   8/1/2040   2,585      2,353
5 Antelope Valley Community College District GO 5.000%   8/1/2027     465        471
2

 

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

($000)
5 Antelope Valley Community College District GO 5.000%   8/1/2028     865        900
5 Antelope Valley Community College District GO 5.000%   8/1/2029     910        967
  Antelope Valley Community College District GO 0.000%   8/1/2030   1,000        881
5 Antelope Valley Community College District GO 5.000%   8/1/2030     955      1,034
  Antelope Valley Community College District GO 0.000%   8/1/2032   2,345      1,924
5 Antelope Valley Community College District GO 5.000%   8/1/2032   1,065      1,186
5 Antelope Valley Community College District GO 5.000%   8/1/2035   1,235      1,416
5 Antelope Valley Community College District GO 5.000%   8/1/2038   1,430      1,627
5 Antelope Valley Community College District GO 5.000%   8/1/2041   1,655      1,840
5 Antelope Valley Community College District GO 5.000%   8/1/2042     735        811
5 Antelope Valley Community College District GO 5.000%   8/1/2043     895        981
5 Antelope Valley Community College District GO 5.000%   8/1/2044     750        815
  Antelope Valley Healthcare District Health, Hospital, Nursing Home Revenue 5.250%   3/1/2036   1,870      1,870
  Antelope Valley Healthcare District Health, Hospital, Nursing Home Revenue 5.000%   3/1/2041     575        564
  Antelope Valley Healthcare District Health, Hospital, Nursing Home Revenue 5.000%   3/1/2046   6,415      6,014
  Antelope Valley-East Kern Water Agency Financing Authority Intergovernmental Agreement Revenue (High Desert Water Bank Program) 5.000%   4/1/2038   2,120      2,448
  Antelope Valley-East Kern Water Agency Financing Authority Intergovernmental Agreement Revenue (High Desert Water Bank Program) 5.000%   4/1/2039   1,855      2,126
  Antelope Valley-East Kern Water Agency Financing Authority Intergovernmental Agreement Revenue (High Desert Water Bank Program) 5.000%   4/1/2040   1,325      1,511
  Antelope Valley-East Kern Water Agency Financing Authority Intergovernmental Agreement Revenue (High Desert Water Bank Program) 5.000%   4/1/2041   2,215      2,509
  Antelope Valley-East Kern Water Agency Financing Authority Intergovernmental Agreement Revenue (High Desert Water Bank Program) 5.000%   4/1/2042   1,365      1,534
  Antelope Valley-East Kern Water Agency Financing Authority Intergovernmental Agreement Revenue (High Desert Water Bank Program) 5.000%   4/1/2043   1,900      2,119
  Antelope Valley-East Kern Water Agency Financing Authority Intergovernmental Agreement Revenue (High Desert Water Bank Program) 5.000%   4/1/2044   1,910      2,107
  Antelope Valley-East Kern Water Agency Financing Authority Intergovernmental Agreement Revenue (High Desert Water Bank Program) 5.000%   4/1/2045   1,925      2,107
  Arcadia CA Unified School District GO 4.000%   8/1/2046   2,210      2,190
4 Azusa Unified School District GO 0.000%   7/1/2027     250        243
6 Bakersfield City School District GO, 5.800% coupon rate effective 5/1/2033 0.000%   5/1/2042   6,925      5,720
  Baldwin Park Unified School District GO 4.000%   8/1/2028      85         88
  Baldwin Park Unified School District GO 4.000%   8/1/2029     100        103
  Baldwin Park Unified School District GO 4.000%   8/1/2030     100        103
  Baldwin Park Unified School District GO 4.000%   8/1/2031     150        154
  Baldwin Park Unified School District GO 4.000%   8/1/2033     100        102
  Baldwin Park Unified School District GO 3.000%   8/1/2035     200        193
  Baldwin Park Unified School District GO 3.000%   8/1/2036     200        190
  Baldwin Park Unified School District GO 3.000%   8/1/2037     320        300
  Baldwin Park Unified School District GO 3.000%   8/1/2038     335        312
  Baldwin Park Unified School District GO 3.000%   8/1/2039     450        412
  Baldwin Park Unified School District GO 3.000%   8/1/2040     450        400
4 Bass Lake Joint Elementary District GO 0.000%   8/1/2039   1,000        609
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2028   3,000      3,149
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2031   2,330      2,355
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2031   3,500      3,900
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2032     895        903
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2035  15,000     15,069
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2035   6,470      7,476
  Bay Area Toll Authority Highway Revenue 3.250%   4/1/2036   3,885      3,694
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2036   6,250      7,170
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2039   4,465      5,335
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2040   6,340      7,581
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2041   3,440      3,751
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2041   3,995      4,763
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2042   3,705      4,019
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2042   4,805      5,705
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2043   3,175      3,427
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2043   3,870      4,585
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2044   2,250      2,414
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2044   3,200      3,761
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2045   2,000      2,133
  Bay Area Toll Authority Highway Revenue PUT 2.000%   4/1/2028  60,160     59,025
  Bay Area Toll Authority Highway Revenue PUT 5.000%  10/1/2033  23,575     26,722
7 Bay Area Toll Authority Highway Revenue VRDO 2.350%   6/1/2026  45,580     45,580
7 Bay Area Toll Authority Highway Revenue VRDO 2.350%   6/1/2026  72,500     72,500
7 Bay Area Toll Authority Highway Revenue VRDO 2.350%   6/1/2026   8,000      8,000
7 Bay Area Toll Authority Highway Revenue VRDO 2.350%   6/1/2026  29,045     29,045
3

 

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

($000)
7 Bay Area Toll Authority Highway Revenue VRDO 0.800%   6/4/2026   4,600      4,600
7 Bay Area Toll Authority Highway Revenue VRDO 1.000%   6/4/2026  16,400     16,400
8 Bay Area Toll Authority Highway Revenue, SIFMA Municipal Swap Index Yield + 0.300% 1.870%   4/1/2056  12,500     12,458
8 Bay Area Toll Authority Highway Revenue, SIFMA Municipal Swap Index Yield + 0.410% 1.980%   4/1/2056  13,000     12,913
8 Bay Area Toll Authority Highway Revenue, SIFMA Municipal Swap Index Yield + 1.250% 2.820%   4/1/2036   2,000      2,005
  Beaumont CA Special Tax Revenue 5.000%   9/1/2039     400        422
  Beaumont CA Special Tax Revenue 5.000%   9/1/2044     650        674
4 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 5.000%   9/1/2041   2,275      2,574
4 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 5.000%   9/1/2042   1,385      1,553
4 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 5.000%   9/1/2043   2,750      3,061
4 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 5.000%   9/1/2044   2,000      2,205
4 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 5.000%   9/1/2045   3,910      4,274
4 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 5.000%   9/1/2046   4,320      4,662
  Belmont-Redwood Shores CA School District GO 0.000%   8/1/2042   1,825        993
  Benicia Unified School District GO 3.000%   8/1/2036   2,075      1,976
  Benicia Unified School District GO 4.000%   8/1/2042   1,370      1,387
  Benicia Unified School District GO 4.000%   8/1/2043   1,950      1,966
  Benicia Unified School District GO 4.000%   8/1/2044   1,635      1,643
  Berkeley CA GO 3.000%   9/1/2036     610        588
  Beverly Hills CA Unified School District GO 3.250%   8/1/2042   2,000      1,897
  Beverly Hills CA Unified School District GO 3.000%   8/1/2044   2,200      1,852
2 Bonsall Unified School District GO 0.000%   8/1/2029   1,085        991
2 Bonsall Unified School District GO 0.000%   2/1/2031     575        500
4 Bonsall Unified School District GO 0.000%   8/1/2038   1,505        959
9 Brea Redevelopment Agency Tax Increment/Allocation Revenue 0.000%   8/1/2029   5,365      4,897
9 Brea Redevelopment Agency Tax Increment/Allocation Revenue 0.000%   8/1/2030   6,710      5,929
4 Brentwood Infrastructure Financing Authority Special Assessment Revenue 5.000%   9/2/2026   2,000      2,002
4 Brentwood Infrastructure Financing Authority Special Assessment Revenue 5.000%   9/2/2027   2,365      2,368
4 Brentwood Infrastructure Financing Authority Special Assessment Revenue 5.000%   9/2/2029   1,240      1,241
4 Brentwood Infrastructure Financing Authority Special Assessment Revenue 5.000%   9/2/2030     745        746
  Burlingame Financing Authority Lease (Abatement) Revenue (Community Center Project) 5.000%   7/1/2041   1,290      1,356
  Burlingame School District GO 0.000%   8/1/2028     250        236
  Burlingame School District GO 0.000%   8/1/2029     500        459
  Burlingame School District GO 0.000%   8/1/2030     755        672
  Burlingame School District GO 3.000%   8/1/2036     175        169
  Burlingame School District GO 3.000%   8/1/2037     255        243
  Burlingame School District GO 3.000%   8/1/2038     175        164
  Burlingame School District GO 3.000%   8/1/2039     175        162
  Burlingame School District GO 3.000%   8/1/2040     235        211
  Burlingame School District GO 3.000%   8/1/2041     350        310
  Cabrillo Unified School District GO 5.000%   8/1/2043   1,345      1,511
  California (Veterans Bond Program) GO 4.550%  12/1/2037   1,000      1,069
  California (Veterans Bond Program) GO 4.750%  12/1/2042   2,250      2,384
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   7/1/2030     895        924
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%  11/1/2030   3,760      3,985
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   1/1/2031   2,045      2,110
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   2/1/2031  83,510     88,628
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   7/1/2031   2,045      2,109
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   1/1/2032   4,090      4,211
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   7/1/2032   4,270      4,387
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   1/1/2033   4,355      4,463
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   7/1/2033   3,035      3,101
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%  11/1/2033  30,000     32,425
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%  12/1/2035  83,425     91,449
  California Community Choice Financing Authority Electric Power & Light Revenue 5.250%   2/1/2036 100,000    109,026
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   3/1/2036 106,025    111,395
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   9/1/2027   3,000      3,070
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   9/1/2028   3,000      3,116
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   9/1/2028   1,500      1,555
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   3/1/2029   2,415      2,517
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   9/1/2029   1,670      1,749
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   9/1/2029   3,000      3,156
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%  12/1/2029   1,265      1,297
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   3/1/2030   1,985      2,088
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   9/1/2030   4,015      4,237
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   9/1/2030   1,795      1,894
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   9/1/2030   3,000      3,191
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%  12/1/2030   1,200      1,231
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   9/1/2031   1,675      1,773
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%  12/1/2031   1,350      1,383
4

 

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

($000)
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   3/1/2032   1,800      1,904
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%  12/1/2032   2,250      2,306
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 4.000%  12/1/2027 120,650    122,005
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/2029  68,870     71,903
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/2029 121,050    126,462
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.250%   4/1/2030 116,785    123,393
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.500%  11/1/2030  75,490     82,069
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   3/1/2031  88,555     93,477
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   4/1/2032  91,450     96,976
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   9/1/2032  65,740     69,847
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   9/1/2032  99,270    107,469
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%  10/1/2032 119,165    124,186
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%  12/1/2032 150,195    154,527
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/2033 124,315    134,662
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%  10/1/2033  86,645     90,456
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 4.000%   8/1/2028 110,250    111,558
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.500%  11/1/2028 126,020    131,614
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 4.000%   8/1/2031 106,870    108,425
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%   8/1/2032  95,655     98,337
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%  11/1/2032  91,235     97,107
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%   7/1/2034 119,610    121,806
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%   5/1/2035  67,660     69,679
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%   5/1/2035  81,945     88,561
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%  11/1/2035  87,860     94,427
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%   2/1/2036  50,005     53,985
7,10 California Community Choice Financing Authority Electric Power & Light Revenue TOB VRDO 2.650%   6/1/2026   4,335      4,335
7,10 California Community Choice Financing Authority Electric Power & Light Revenue TOB VRDO 2.650%   6/1/2026  11,200     11,200
  California Community College Financing Authority Local or Guaranteed Housing Revenue (NCCD - Orange Coast Properties LLC - Orange Coast College Project) 5.000%   5/1/2028   1,635      1,693
  California Community College Financing Authority Local or Guaranteed Housing Revenue (NCCD - Orange Coast Properties LLC - Orange Coast College Project) 5.000%   5/1/2030   1,075      1,111
  California Community College Financing Authority Local or Guaranteed Housing Revenue (NCCD - Orange Coast Properties LLC - Orange Coast College Project) 5.000%   5/1/2032     875        901
  California Community College Financing Authority Local or Guaranteed Housing Revenue (NCCD - Orange Coast Properties LLC - Orange Coast College Project) 5.000%   5/1/2033     960        987
  California Community College Financing Authority Local or Guaranteed Housing Revenue (NCCD - Orange Coast Properties LLC - Orange Coast College Project) 5.000%   5/1/2034     800        821
  California Community College Financing Authority Local or Guaranteed Housing Revenue (NCCD - Orange Coast Properties LLC - Orange Coast College Project) 5.000%   5/1/2036   1,600      1,637
  California Community College Financing Authority Local or Guaranteed Housing Revenue (NCCD - Orange Coast Properties LLC - Orange Coast College Project) 5.000%   5/1/2038   1,500      1,530
10 California Community Housing Agency Local or Guaranteed Housing Revenue 4.000%   2/1/2043   5,540      5,216
10 California Community Housing Agency Local or Guaranteed Housing Revenue 5.000%   2/1/2050     981         19
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2026   1,440      1,440
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2026     505        505
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2026     225        225
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2027   1,400      1,430
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2027     445        455
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2027   1,080      1,104
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2027     275        281
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2028     915        953
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2028     480        501
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2028     435        454
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2028     200        209
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2029   1,300      1,377
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2029     600        637
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2030   1,120      1,194
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2030   1,080      1,164
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2030     860        927
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2030     615        663
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2031   1,040      1,104
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2031     450        487
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2031     225        244
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2032   1,165      1,229
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2032     300        324
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2032     450        486
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2032   1,075      1,161
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2033     245        264
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2033     600        645
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2033     900        958
5

 

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%   6/1/2034   2,895      2,907
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2034   1,190      1,205
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2034     910        921
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2034     420        425
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2035   1,270      1,271
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2035     560        564
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2035     500        504
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2036   1,850      1,842
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2036   1,090      1,093
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2037   3,910      3,864
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2037     640        637
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2037   1,000        995
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2037   1,095      1,090
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2038   2,130      2,085
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2038     700        696
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2038     800        795
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2039   3,650      3,534
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2039     800        782
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2039   1,000        978
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2039   1,110      1,085
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2040   3,955      3,779
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2040     825        799
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2041     585        566
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2042     285        275
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2049     270        270
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2044   1,900      2,120
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2045   1,000      1,106
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2046   2,450      2,685
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2026     595        595
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/2026   1,960      1,976
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2027     970        970
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2027     200        200
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/2027   2,050      2,100
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2028     300        317
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2028   1,175      1,176
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/2028   2,090      2,177
  California Educational Facilities Authority College & University Revenue 3.000%  10/1/2029     115        112
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2029     375        375
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/2029   1,945      2,024
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/2030     435        475
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/2030   2,105      2,187
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/2030     260        278
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/2031     475        528
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2031     850        891
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2031     100        100
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/2031   2,280      2,364
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2032     445        466
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/2032   3,170      3,277
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/2033     575        581
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/2033     775        789
2 California Educational Facilities Authority College & University Revenue 0.000%  10/1/2033   1,220        960
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/2034     625        631
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/2034     905        921
  California Educational Facilities Authority College & University Revenue 5.250%  10/1/2034   1,725      1,834
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/2034   1,210      1,246
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2035     100        100
  California Educational Facilities Authority College & University Revenue 5.250%  10/1/2035   1,015      1,072
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/2035   1,335      1,371
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/2036   1,120      1,138
2 California Educational Facilities Authority College & University Revenue 0.000%  10/1/2036   4,585      3,164
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2036   1,460      1,510
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/2037     530        538
2 California Educational Facilities Authority College & University Revenue 0.000%  10/1/2037   3,000      1,977
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2037     885        918
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2037     500        500
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2037   1,900      1,952
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/2037   1,765      1,806
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2038     620        642
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2038   1,225      1,254
  California Educational Facilities Authority College & University Revenue 5.000%  3/15/2039   2,955      3,531
6

 

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

($000)
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/2040   1,130      1,146
  California Educational Facilities Authority College & University Revenue 5.250%   4/1/2040  18,725     23,012
  California Educational Facilities Authority College & University Revenue 0.000%   7/1/2040   1,000        599
  California Educational Facilities Authority College & University Revenue 5.000%   6/1/2043  16,000     19,100
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2043     500        515
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/2043   1,040      1,126
  California Educational Facilities Authority College & University Revenue 5.250%  10/1/2044  10,290     10,390
  California Educational Facilities Authority College & University Revenue 5.000%   5/1/2045   1,250      1,464
  California Educational Facilities Authority College & University Revenue PUT 5.000%   3/1/2035  18,000     21,222
10 California Educational Facilities Authority Revenue TOB VRDO 2.700%   6/1/2026     409        409
10 California Enterprise Development Authority Charter School Aid Revenue 4.000%   6/1/2031   1,250      1,238
10 California Enterprise Development Authority Charter School Aid Revenue 4.000%   6/1/2042   4,000      3,623
10 California Enterprise Development Authority Charter School Aid Revenue (The Rocklin Academy Project) 5.000%   6/1/2034     500        522
10 California Enterprise Development Authority Charter School Aid Revenue (The Rocklin Academy Project) 5.000%   6/1/2044     750        757
  California Enterprise Development Authority Lease (Abatement) Revenue (Riverside County-Mead Valley Wellness Village Project) 5.000%  11/1/2041   6,710      7,513
  California Enterprise Development Authority Lease (Abatement) Revenue (Riverside County-Mead Valley Wellness Village Project) 5.000%  11/1/2043   1,550      1,713
10 California Enterprise Development Authority Lease (Abatement) Revenue TOB VRDO 1.600%   6/4/2026   7,035      7,035
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (M @ College Project) 5.000%   8/1/2027     730        743
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (M @ College Project) 5.000%   8/1/2029     625        653
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (M @ College Project) 5.000%   8/1/2030     290        306
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (M @ College Project) 5.000%   8/1/2035     585        609
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (M @ College Project) 5.000%   8/1/2040   1,495      1,540
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (Pomona Properties LLC Project) 5.000%  1/15/2027   1,025      1,036
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (Pomona Properties LLC Project) 5.000%  1/15/2028   1,160      1,193
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (Pomona Properties LLC Project) 5.000%  1/15/2029   1,310      1,367
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (Pomona Properties LLC Project) 5.000%  1/15/2030   1,465      1,549
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (Pomona Properties LLC Project) 5.000%  1/15/2032   1,615      1,738
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (Pomona Properties LLC Project) 5.000%  1/15/2034   1,780      1,931
  California Enterprise Development Authority Private Schools Revenue (Milken Community School Project) 5.000%   7/1/2033   3,135      3,489
  California Enterprise Development Authority Private Schools Revenue (Milken Community School Project) 5.000%   7/1/2036     590        664
  California GO 3.500%   8/1/2027  16,345     16,531
  California GO 5.000%   8/1/2027   6,540      6,736
  California GO 4.000%   9/1/2027   5,745      5,859
  California GO 5.000%   9/1/2027   3,000      3,096
  California GO 5.000%  10/1/2027   8,095      8,372
  California GO 5.000%  10/1/2027   1,000      1,034
  California GO 5.000%  10/1/2027  19,805     20,482
  California GO 5.000%  11/1/2027   5,175      5,363
  California GO 5.000%  11/1/2027  25,135     26,049
  California GO 5.000%  12/1/2027  12,240     12,711
  California GO 5.000%   4/1/2028   7,965      8,340
  California GO 5.000%   8/1/2028  15,355     15,817
  California GO 5.000%   8/1/2028   5,000      5,272
  California GO 5.000%   8/1/2028  10,790     11,377
  California GO 4.000%   9/1/2028   7,000      7,019
  California GO 4.000%   9/1/2028   5,805      5,994
  California GO 5.000%   9/1/2028   4,000      4,226
  California GO 5.000%   9/1/2028  15,000     15,846
  California GO 5.000%  10/1/2028   1,010      1,069
  California GO 5.000%  10/1/2028  15,000     15,876
  California GO 5.000%  10/1/2028   6,000      6,350
  California GO 5.000%  11/1/2028  20,000     21,208
  California GO 5.000%   3/1/2029  13,525     14,429
  California GO 5.000%   4/1/2029   5,125      5,477
  California GO 5.000%   4/1/2029   8,000      8,550
  California GO 5.000%   8/1/2029  12,200     13,129
  California GO 5.000%   9/1/2029   4,500      4,851
  California GO 5.000%   9/1/2029  15,000     16,170
  California GO 5.000%  10/1/2029   7,855      8,308
  California GO 5.000%  10/1/2029   5,000      5,399
  California GO 5.000%  10/1/2029  17,710     19,124
  California GO 5.000%  12/1/2029   3,500      3,792
  California GO 5.000%   3/1/2030   1,730      1,884
7

 

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

($000)
  California GO 5.000%   4/1/2030   2,240      2,444
  California GO 5.000%   4/1/2030   4,285      4,675
  California GO 5.000%   8/1/2030   9,420      9,682
  California GO 5.000%   8/1/2030  20,000     21,956
  California GO 5.000%   9/1/2030   5,000      5,497
  California GO 4.000%  11/1/2030  14,470     14,727
  California GO 5.000%  11/1/2030  11,835     12,230
  California GO 5.000%   4/1/2031   8,410      9,337
  California GO 5.000%   8/1/2031   4,000      4,464
  California GO 5.000%   8/1/2031  10,000     11,161
  California GO 5.000%   8/1/2031   1,790      1,998
  California GO 5.000%   8/1/2031  15,175     16,937
  California GO 5.000%   9/1/2031   6,015      6,722
  California GO 5.000%   9/1/2031   9,450     10,561
  California GO 5.000%   9/1/2031   3,250      3,632
  California GO 4.000%  11/1/2031  15,000     15,241
  California GO 5.000%  11/1/2031   1,705      1,760
  California GO 5.000%  11/1/2031   4,000      4,482
  California GO 5.000%   3/1/2032   1,895      2,134
  California GO 5.000%   4/1/2032   1,980      2,232
  California GO 5.000%   4/1/2032     765        862
  California GO 5.000%   8/1/2032  16,565     18,761
  California GO 5.000%   8/1/2032  13,840     15,675
4 California GO 5.250%   8/1/2032  11,200     12,613
  California GO 5.000%   9/1/2032   6,000      6,683
  California GO 5.000%   9/1/2032   2,750      3,118
  California GO 5.000%   9/1/2032  30,680     34,787
  California GO 5.000%  10/1/2032   5,380      6,107
  California GO 4.000%  11/1/2032  12,175     12,359
  California GO 5.000%   3/1/2033   7,340      7,941
  California GO 5.000%   3/1/2033   1,100      1,256
  California GO 5.000%   4/1/2033   2,615      2,781
  California GO 5.000%   4/1/2033   2,405      2,702
  California GO 5.000%   4/1/2033   1,005      1,069
  California GO 5.000%   8/1/2033   5,000      5,126
  California GO 5.000%   8/1/2033   8,790     10,088
  California GO 5.000%   8/1/2033  13,000     14,919
  California GO 5.000%   8/1/2033   3,925      4,505
  California GO 5.000%   8/1/2033  10,000     11,477
  California GO 5.000%   9/1/2033   7,040      7,954
  California GO 3.000%  10/1/2033   2,150      2,140
  California GO 4.000%  10/1/2033   1,500      1,575
  California GO 3.000%  11/1/2033   5,000      5,004
  California GO 4.000%  11/1/2033  12,500     12,667
  California GO 5.000%   3/1/2034   2,135      2,304
  California GO 5.000%   3/1/2034   1,270      1,371
  California GO 5.000%   8/1/2034   5,160      5,286
  California GO 5.000%   8/1/2034   7,360      8,530
  California GO 5.000%   8/1/2034  11,840     13,722
  California GO 5.000%   9/1/2034   5,700      6,408
  California GO 3.000%  10/1/2034   1,150      1,137
  California GO 4.000%  10/1/2034   1,400      1,465
  California GO 5.000%  10/1/2034   5,000      5,672
  California GO 4.000%  11/1/2034  10,895     11,021
  California GO 5.000%  11/1/2034   8,070      8,799
  California GO 5.000%  12/1/2034   5,000      5,458
  California GO 5.000%   3/1/2035  23,600     25,430
  California GO 5.000%   3/1/2035   3,030      3,538
  California GO 5.000%   4/1/2035   7,865      8,775
  California GO 5.000%   4/1/2035  19,660     20,674
  California GO 5.000%   8/1/2035  10,000     11,547
  California GO 5.000%   8/1/2035   4,220      4,944
  California GO 5.000%   9/1/2035  13,410     15,034
  California GO 3.000%  10/1/2035   3,185      3,125
  California GO 5.000%  10/1/2035   5,250      5,937
  California GO 4.000%  11/1/2035   2,565      2,662
  California GO 5.000%  11/1/2035   1,000      1,028
  California GO 5.000%  11/1/2035   3,810      3,917
  California GO 5.000%  11/1/2035   4,000      4,352
  California GO 5.000%  12/1/2035   7,220      7,864
8

 

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

($000)
  California GO 4.000%   3/1/2036  26,775     27,616
  California GO 4.000%   3/1/2036   1,000      1,068
  California GO 5.000%   3/1/2036   1,750      1,880
  California GO 5.000%   3/1/2036   5,225      6,035
  California GO 5.000%   8/1/2036   7,390      8,446
  California GO 5.000%   8/1/2036   4,415      5,113
  California GO 3.000%   9/1/2036   7,565      7,183
  California GO 5.000%   9/1/2036   4,070      4,526
  California GO 5.000%   9/1/2036   7,655      8,512
  California GO 5.000%   9/1/2036   8,610      9,712
  California GO 5.000%   9/1/2036  15,245     17,316
  California GO 5.000%   9/1/2036   3,120      3,544
  California GO 3.000%  10/1/2036   6,815      6,521
  California GO 4.000%  10/1/2036   5,550      5,670
  California GO 4.000%  10/1/2036   1,435      1,489
  California GO 5.000%  10/1/2036   4,950      5,549
  California GO 5.000%  11/1/2036   4,180      4,293
  California GO 4.000%   3/1/2037   5,500      5,642
  California GO 4.000%   3/1/2037   1,000      1,056
  California GO 5.000%   8/1/2037  20,000     22,772
  California GO 5.000%   8/1/2037   4,000      4,613
  California GO 5.000%   9/1/2037  15,000     16,864
  California GO 3.000%  10/1/2037   8,250      7,741
  California GO 4.000%  10/1/2037   8,655      8,814
  California GO 4.000%  10/1/2037   6,125      6,312
  California GO 4.000%  10/1/2037   5,000      5,153
  California GO 5.000%  10/1/2037  28,520     31,296
  California GO 4.000%  11/1/2037   5,200      5,345
  California GO 5.000%  11/1/2037   7,000      7,341
  California GO 5.000%  11/1/2037  10,050     10,313
  California GO 5.000%  11/1/2037  12,980     14,416
  California GO 4.000%   3/1/2038  15,120     15,441
  California GO 4.000%   3/1/2038   1,000      1,046
  California GO 5.000%   4/1/2038   1,235      1,300
  California GO 5.000%   9/1/2038   9,300     10,409
  California GO 5.000%  10/1/2038   5,000      5,775
  California GO 5.000%   8/1/2039  22,435     25,294
  California GO 5.000%   9/1/2039   7,120      7,832
  California GO 5.000%   9/1/2039   1,035      1,161
  California GO 5.000%  10/1/2039   3,500      3,878
  California GO 5.000%  10/1/2039  22,200     24,253
  California GO 5.000%  10/1/2039   5,000      5,743
  California GO 5.000%  11/1/2039  13,090     13,664
  California GO 4.000%   3/1/2040  10,070     10,233
  California GO 5.000%  10/1/2040  12,000     13,735
  California GO 3.000%  11/1/2040   2,350      2,147
  California GO 5.000%   9/1/2041   1,000      1,085
  California GO 5.000%   9/1/2041   9,000     10,024
  California GO 4.000%  10/1/2041  17,700     17,986
  California GO 4.000%  10/1/2041  11,545     11,893
  California GO 3.000%  11/1/2041   6,375      5,760
  California GO 3.200%  12/1/2041   2,000      1,868
  California GO 4.000%   4/1/2042      15         15
  California GO 5.000%   4/1/2042   4,725      4,821
  California GO 4.000%   9/1/2042   4,610      4,676
  California GO 5.000%   9/1/2042  40,035     43,564
  California GO 4.000%  10/1/2042   5,975      6,068
11 California GO 5.000%  10/1/2042  29,800     31,133
  California GO 5.000%  10/1/2042  21,485     23,536
  California GO 5.000%  10/1/2042   9,220     10,427
  California GO 5.000%   3/1/2043   1,845      2,050
  California GO 4.000%   9/1/2043   7,150      7,226
  California GO 5.000%   9/1/2043  20,000     21,891
  California GO 5.000%   9/1/2043  15,485     17,037
  California GO 5.000%  10/1/2043  10,105     11,347
  California GO 5.000%  11/1/2043   7,265      8,047
  California GO 3.000%  12/1/2043  12,890     11,186
  California GO 5.000%   3/1/2044   7,230      7,956
  California GO 4.000%   8/1/2044  10,000     10,049
  California GO 5.000%   8/1/2044   4,500      4,926
9

 

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

($000)
  California GO 5.000%   8/1/2044   5,050      5,578
  California GO 5.000%   9/1/2044  15,415     16,810
  California GO 5.000%  10/1/2044   9,490     10,542
  California GO 4.350%  12/1/2044   5,450      5,534
  California GO 4.125%   3/1/2045   3,680      3,710
  California GO 5.000%   3/1/2045   4,505      4,924
  California GO 5.000%   8/1/2045   6,000      6,581
  California GO 5.000%   8/1/2045   6,250      6,855
  California GO 5.000%  10/1/2045   5,315      5,861
  California GO 2.375%  10/1/2046   2,500      1,765
  California GO 5.000%  10/1/2046   2,500      2,733
  California GO 5.000%  10/1/2047  27,675     30,180
7 California GO VRDO 1.200%   6/3/2026  11,700     11,700
  California GO, Prere. 5.000%   8/1/2027     610        628
  California GO, Prere. 5.000%   3/1/2030     290        315
  California GO, Prere. 5.000%   3/1/2030     130        141
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2026     470        470
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2026   3,165      3,170
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   8/1/2026     450        450
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2026   2,700      2,704
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2027   5,210      5,212
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2027     570        582
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027   3,275      3,365
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2027     340        341
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.850% 11/15/2027   4,500      4,501
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2027   1,145      1,187
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2028   1,675      1,676
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2028     515        535
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028   3,325      3,496
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2028   1,840      1,843
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2028   1,375      1,383
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2028     875        907
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2028     500        522
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2028   6,945      7,274
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029     540        570
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   8/1/2029     650        646
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2029     165        171
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2029     500        530
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2030   1,520      1,544
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2030     575        575
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2030   1,900      2,036
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   8/1/2030     210        208
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2030   3,915      3,938
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030   2,015      2,026
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030   4,000      4,006
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2030   1,180      1,193
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2030     500        537
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2031   2,085      2,085
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2031   7,990      8,542
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2031   1,095      1,100
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031   2,200      2,211
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031   5,000      5,007
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2031   1,400      1,447
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2031     530        576
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031  15,000     16,296
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031   8,520      9,187
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.750%   2/1/2032   1,205      1,213
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2032     800        907
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2032   2,805      2,805
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2032   8,360      8,909
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2032   1,020      1,024
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2032     225        238
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2032   3,170      3,271
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2032     630        691
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2032  13,210     14,467
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2033   3,105      3,151
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2033     750        863
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2033   5,055      5,055
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2033   2,820      2,820
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2033   2,730      2,900
10

 

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%  8/15/2033     620        622
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2033   5,045      5,051
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2033   2,960      3,050
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2033     405        417
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2033   2,580      2,604
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2033     800        882
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2034   2,510      2,545
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2034     850        988
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2034   2,730      2,730
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2034   2,870      3,037
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/2034   1,485      1,401
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2034   1,890      1,897
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2034   5,650      5,656
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2034   1,020      1,076
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2034     905        955
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2034   1,210      1,291
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2034     615        633
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2034   4,065      4,101
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2034     400        411
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2035   4,500      4,561
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2035     850        998
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2035   4,065      4,055
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2035   4,700      4,797
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2035   5,565      5,572
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2035  13,820     16,301
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2035   8,245      8,249
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2035     240        245
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2035   1,500      1,579
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2035   3,200      3,227
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2035   7,515      7,717
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2035     550        563
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2035  10,785     11,075
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2035     750        773
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2035  12,190     13,580
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2036   3,000      3,039
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2036  11,460     11,659
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2036   3,160      3,320
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2036   4,115      4,121
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2036   3,585      3,586
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2036     250        256
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2036   4,615      4,650
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2036   5,230      5,360
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2036   1,050      1,074
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2036   6,745      6,913
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2036     760        782
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2036  42,500     46,287
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2037  12,490     12,622
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2037   3,110      3,114
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/2037   3,500      3,294
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/2037   4,995      4,700
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2037     270        275
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2037  28,320     28,969
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2037  12,950     13,247
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2037  13,205     14,314
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2038  11,800     11,892
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/2038   3,750      3,480
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/2038   3,835      3,559
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2038   4,950      4,903
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2038     365        371
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2038   8,060      8,232
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2038   9,385      9,585
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2038   3,045      3,278
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2038   5,565      5,992
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   3/1/2039   3,420      2,929
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2039   1,675      1,610
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2039     530        533
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/2039   1,840      1,836
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/2039     775        788
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/2039   7,375      6,744
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2039   3,505      3,756
11

 

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%   4/1/2040  11,890     11,922
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2040   1,300      1,356
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/2040  10,200     10,295
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2040     690        690
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/2040   4,190      4,557
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2041  21,180     22,819
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 2.125%  11/1/2041   6,000      4,415
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/2041   3,000      3,224
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.200%  8/15/2042     140        124
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2042   8,900      8,724
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2042  13,555     13,132
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2043   2,500      2,620
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2043   7,500      8,224
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/2043   2,230      2,369
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2044   2,050      2,289
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   4/1/2044   1,000        873
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2044  13,515     12,644
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2044  11,000     11,967
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/2044   1,500      1,579
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2045   1,190      1,134
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2045   1,995      1,819
4 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2045   3,175      3,018
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2046   2,000      1,933
3 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2047   5,000      4,579
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2047   7,150      7,937
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2027  39,550     40,475
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   9/1/2028  21,495     22,139
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   2/1/2029   9,300      9,858
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2029     680        732
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2030  12,290     13,164
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   2/4/2031   8,000      8,771
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   5/1/2031  10,325     11,366
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2032  35,630     39,422
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   5/1/2034  24,765     28,094
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.250%  10/1/2035   1,025      1,157
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2036  34,400     39,991
7 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 2.250%   6/1/2026  16,860     16,860
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.850%   6/3/2026  32,800     32,800
  California Health Facilities Financing Authority Revenue 5.000%   7/1/2026   4,180      4,186
  California Health Facilities Financing Authority Revenue 5.000%   7/1/2027   4,305      4,423
  California Health Facilities Financing Authority Revenue 5.000%   7/1/2028   4,405      4,632
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.450%   2/1/2029     600        608
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.500%   8/1/2029     625        636
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.600%   2/1/2030     600        612
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.700%   2/1/2031     500        511
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.750%   8/1/2031     400        410
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.800%   2/1/2032   1,385      1,410
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.800%   8/1/2032     250        257
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.850%   2/1/2033     200        205
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.900%   2/1/2033     535        547
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%  3/20/2033  54,180     55,339
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.950%   8/1/2033     620        634
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.900%   2/1/2034     260        265
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%   2/1/2034     800        825
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.900%   8/1/2034     385        393
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 4.050%   8/1/2034     500        516
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.500%  10/1/2034   2,625      2,615
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.250%  1/15/2035  23,440     24,279
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 4.100%   2/1/2035   1,000      1,031
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.750%  3/25/2035  75,966     76,816
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.950%   8/1/2035     285        289
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 4.150%   8/1/2035     650        671
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.500% 11/20/2035  73,332     72,759
  California Housing Finance Agency Local or Guaranteed Housing Revenue 2.350%  12/1/2035   2,227      1,909
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 4.200%   2/1/2036     820        848
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 4.250%   8/1/2036   1,000      1,035
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.250%  8/20/2036  50,654     48,852
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.375%  9/20/2036  18,026     18,225
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 4.300%   2/1/2037   1,000      1,037
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 4.300%   8/1/2037   1,000      1,036
12

 

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

($000)
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.700%  11/1/2037   3,875      3,902
  California Housing Finance Agency Local or Guaranteed Housing Revenue 2.500%   2/1/2038   4,776      4,119
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 4.125%   8/1/2038     800        812
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%  10/1/2039  10,000     10,132
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.100%   9/1/2040   9,595      9,646
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.100%   9/1/2040  11,390     11,451
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.250%   8/1/2041   1,485      1,496
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.330%   2/1/2042   5,000      4,973
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.350%   2/1/2043  17,010     16,924
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.250%   5/1/2043   4,815      4,821
12 California Housing Finance Agency Local or Guaranteed Housing Revenue 4.150%   8/1/2044   5,760      5,729
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.950%   8/1/2044   8,300      8,671
12 California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   8/1/2026   1,500      1,500
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 5.000%  11/1/2026   5,000      5,025
12 California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.250%   2/1/2028   4,080      4,097
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.750%   5/1/2028   2,900      2,893
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.750%  11/1/2028   1,600      1,591
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.900%   5/1/2029   7,500      7,500
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.950%  12/1/2029   4,000      4,003
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.600%   4/1/2030   2,100      2,072
7,10 California Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO 2.870%   6/1/2026   3,530      3,529
7,10 California Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO 2.870%   6/1/2026     995        995
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/2026     560        562
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/2027     555        562
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/2028     500        510
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/2029     600        616
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2029   3,100      3,285
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/2030     500        515
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2030     300        326
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2031     795        860
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2031     275        302
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2032     750        808
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2033     525        564
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2033     700        782
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2034     350        394
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2035   1,570      1,672
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2035     300        335
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/2036     850        864
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2036     525        583
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/2037   1,720      1,742
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2037     250        276
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/2038   1,785      1,804
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2038     300        329
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/2040   1,935      1,945
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2040     300        325
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2041     300        323
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2042     300        322
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2043     450        481
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2044     375        397
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/2037   2,500      2,597
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/2037   1,245      1,446
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/2038   1,445      1,669
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/2043   1,985      2,199
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/2044   4,250      4,664
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/2045   3,115      3,383
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Adventist Health Energy Projects) 5.000%   7/1/2040   4,250      4,546
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Adventist Health Energy Projects) 5.000%   7/1/2041   3,750      4,000
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Adventist Health Energy Projects) 5.000%   7/1/2042   2,775      2,937
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Adventist Health Energy Projects) 5.000%   7/1/2043   2,720      2,863
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Adventist Health Energy Projects) 5.000%   7/1/2044   2,665      2,784
10 California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (PIH Health Energy Projects) 5.000%  12/1/2046  13,110     13,690
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/2027   1,150      1,185
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/2034     660        703
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/2035   1,000      1,061
13

 

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

($000)
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/2036   2,500      2,643
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/2038   1,260      1,324
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/2039   2,710      2,839
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   7/1/2026     800        801
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   9/1/2026     860        865
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 4.000%   7/1/2029     985        986
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   9/1/2032   2,515      2,528
  California Infrastructure & Economic Development Bank Miscellaneous Revenue, ETM 5.000%  10/1/2026   1,510      1,523
10 California Infrastructure & Economic Development Bank Private Schools Revenue 5.000%   7/1/2044   1,330      1,318
  California Infrastructure & Economic Development Bank Private Schools Revenue PUT 1.750%   8/1/2026  17,060     16,979
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/2031   7,500      8,282
  California Infrastructure & Economic Development Bank Recreational Revenue 3.250%   6/1/2033   6,425      6,447
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   7/1/2033   2,500      2,814
  California Infrastructure & Economic Development Bank Recreational Revenue 4.000%   5/1/2036   2,810      2,884
  California Infrastructure & Economic Development Bank Recreational Revenue 4.000%   5/1/2037   4,220      4,309
  California Infrastructure & Economic Development Bank Recreational Revenue 4.000%   5/1/2038   4,140      4,210
  California Infrastructure & Economic Development Bank Recreational Revenue 4.000%  11/1/2041   3,045      3,126
  California Infrastructure & Economic Development Bank Recreational Revenue PUT 1.200%   6/1/2028  49,000     46,650
  California Infrastructure & Economic Development Bank Water Revenue 4.000%  10/1/2040   5,000      5,162
  California Infrastructure & Economic Development Bank Water Revenue 4.000%  10/1/2043  17,500     17,896
10 California Municipal Finance Authority Charter School Aid Revenue (Palmdale Aerospace Academy Project) 4.000%   7/1/2026     645        645
10 California Municipal Finance Authority Charter School Aid Revenue (Palmdale Aerospace Academy Project) 5.000%   7/1/2038   1,350      1,357
10 California Municipal Finance Authority Charter School Aid Revenue (Palmdale Aerospace Academy Project) 5.000%   7/1/2041     575        573
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2026     300        302
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2026     715        719
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/2027   1,170      1,179
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/2027     490        490
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/2027   2,565      2,619
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2027   2,030      2,074
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2027   1,160      1,186
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/2028     860        880
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/2028     560        560
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2028   1,170      1,215
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2028     780        799
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/2028     700        741
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/2029     500        513
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2029   2,160      2,210
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2029     450        467
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/2029     500        540
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/2030     785        805
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/2030     745        745
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2030     585        598
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2030     225        233
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/2030     525        577
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/2030     300        330
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/2031   1,020      1,045
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2031   2,140      2,184
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2031     825        852
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/2031     650        711
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/2032     855        875
  California Municipal Finance Authority College & University Revenue 4.000%  10/1/2032     120        121
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2032   1,190      1,213
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/2032     725        791
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/2033   1,100      1,124
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/2033   1,000      1,014
  California Municipal Finance Authority College & University Revenue 4.000%  10/1/2033     120        121
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2033   1,070      1,089
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2033   1,125      1,157
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/2033     720        783
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/2034   1,160      1,184
  California Municipal Finance Authority College & University Revenue 4.000%  10/1/2034     150        150
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2034     570        580
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2034   1,225      1,256
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/2034     785        799
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/2035   1,030      1,030
  California Municipal Finance Authority College & University Revenue 4.000%  10/1/2035     160        160
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2035   3,295      3,347
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2035     225        230
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/2035     645        655
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/2036   1,960      1,994
14

 

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

($000)
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/2036     100        101
  California Municipal Finance Authority College & University Revenue 4.000%  10/1/2036     175        173
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2036   1,845      1,872
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2036   1,250      1,278
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2036   1,000      1,060
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/2036     850        860
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/2037   1,645      1,671
  California Municipal Finance Authority College & University Revenue 4.000%  10/1/2037     170        167
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2037   1,275      1,302
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2037     600        634
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/2037     375        378
  California Municipal Finance Authority College & University Revenue 5.000%   7/1/2038   1,000      1,096
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2038   1,000      1,054
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/2038     875        881
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2039     835        878
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2039   2,230      2,256
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/2039     600        602
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/2040     540        540
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/2041   2,970      2,888
  California Municipal Finance Authority College & University Revenue 3.000%  10/1/2041   1,810      1,474
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/2043   4,050      4,075
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2044   1,250      1,295
  California Municipal Finance Authority College & University Revenue 5.000%   7/1/2045   7,980      8,492
  California Municipal Finance Authority College & University Revenue, Prere. 4.000%   1/1/2028   1,400      1,436
  California Municipal Finance Authority College & University Revenue, Prere. 4.000%   1/1/2028   1,835      1,882
  California Municipal Finance Authority College & University Revenue, Prere. 5.000%   1/1/2028   1,185      1,234
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2026     100        100
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2026   2,475      2,486
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2026   1,480      1,487
10 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/2026     100        100
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2027   2,800      2,828
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027     935        951
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027     665        676
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2027   3,820      3,835
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2027   1,000      1,016
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2028   1,900      1,921
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2028     775        795
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 3.000%   7/1/2028     250        247
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028   2,615      2,660
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2028   1,500      1,507
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2028   3,500      3,597
10 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2028     115        119
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2029     825        858
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029   1,520      1,544
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029     495        503
10 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2029     950        968
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/2029   1,250      1,257
10 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2029      50         53
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2030     830        874
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030   1,135      1,153
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030     890        904
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2030   1,600      1,607
10 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2030     105        112
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2031   1,445      1,538
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031   1,085      1,101
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031   1,000      1,015
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/2031   1,950      1,960
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2032   5,115      5,162
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2032   1,650      1,767
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032     900        913
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2033   3,900      3,933
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2033   2,000      2,151
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2033   2,150      2,179
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2033   1,030      1,044
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2034   4,250      4,285
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2034   3,325      3,560
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2034   1,575      1,595
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2035   4,675      4,711
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2035   1,010      1,079
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2035   5,260      5,323
15

 

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

($000)
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2035   1,745      1,766
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/2036   1,670      1,683
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2036   7,520      7,575
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.125%   6/1/2036   1,350      1,304
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2036   1,800      1,820
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2036   1,900      1,921
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/2036   6,000      6,021
10 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2036     175        183
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/2037   1,785      1,798
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2037   2,700      2,718
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2037   2,865      2,894
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/2038   3,145      3,170
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/2039   2,895      2,910
10 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2039   3,355      3,396
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/2040   4,250      4,268
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2040   2,650      2,417
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/2041   4,920      4,922
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2041   1,120      1,160
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/2042   1,860      1,728
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/2042   7,430      6,902
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2042   3,035      3,053
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2044   1,750      1,826
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.125%   6/1/2045   1,865      1,891
4 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 3.000%   2/1/2046   2,500      1,955
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2046   1,070      1,082
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Bethany Home Project) 5.000% 11/15/2042     995      1,067
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Carmel Valley Manor Project) 5.000%  5/15/2042   5,000      5,330
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/2026     630        633
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/2028     940        967
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/2030   1,435      1,473
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/2031   1,380      1,414
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/2035   1,475      1,507
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (South Central Los Angeles Regional Center Project) 5.000%  12/1/2030     500        547
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (South Central Los Angeles Regional Center Project) 5.000%  12/1/2031     500        554
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (South Central Los Angeles Regional Center Project) 5.000%  12/1/2032     500        560
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (South Central Los Angeles Regional Center Project) 5.000%  12/1/2033     550        623
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (South Central Los Angeles Regional Center Project) 5.000%  12/1/2034     550        627
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (South Central Los Angeles Regional Center Project) 5.000%  12/1/2035     875        993
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (South Central Los Angeles Regional Center Project) 5.000%  12/1/2036     755        851
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (South Central Los Angeles Regional Center Project) 5.000%  12/1/2037     500        562
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (South Central Los Angeles Regional Center Project) 5.000%  12/1/2039     550        612
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (South Central Los Angeles Regional Center Project) 5.000%  12/1/2040     575        637
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (South Central Los Angeles Regional Center Project) 4.000%  12/1/2043   1,000        990
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue, ETM 5.000% 11/15/2027     650        675
  California Municipal Finance Authority Industrial Revenue VRDO 2.350%   6/1/2026   6,500      6,500
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 5.000%  11/1/2026     270        272
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 5.000%  11/1/2027     285        292
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 5.000%  11/1/2028     200        207
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 5.000%  11/1/2029     210        220
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 5.000%  11/1/2030     345        365
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 4.000%  11/1/2031     175        177
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 4.000%  11/1/2032     240        242
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 4.000%  11/1/2033     250        251
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 4.000%  11/1/2034     265        264
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 4.000%  11/1/2035     270        268
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 4.000%  11/1/2036     210        207
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 4.000%  11/1/2041   1,915      1,760
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2027   1,925      1,960
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2027   1,000      1,019
16

 

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

($000)
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2027     500        510
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2028   1,385      1,444
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2028   2,400      2,502
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2028     400        417
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2029   1,500      1,566
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2029   1,000      1,052
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2029   1,450      1,526
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2029     500        531
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2029   8,000      8,413
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2030   3,045      3,175
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2030     600        647
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2031   3,000      3,121
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2031   3,820      4,031
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2031     500        546
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2032     500        526
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2033   1,345      1,399
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2033   1,450      1,521
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2034   1,450      1,502
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 3.600%  11/1/2034   2,625      2,664
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2035   1,450      1,497
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2035   2,000      2,063
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2035   2,265      2,362
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2035   5,000      5,172
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%   6/1/2035   1,270      1,271
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2036   2,530      2,629
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2036   2,605      2,689
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 2.650%   8/1/2036  13,316     11,770
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2037   1,670      1,707
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2038   2,300      2,358
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2038     935        967
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2039     500        507
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2040   1,440      1,454
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2040   3,080      3,201
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.200%   8/1/2040   3,110      3,153
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  11/1/2040   8,475      8,538
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.216% 11/20/2040  36,575     36,306
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.216% 11/20/2040  11,159     10,560
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 3.536%  2/20/2041  18,606     17,389
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2041     550        553
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.050%  7/20/2041  18,311     18,072
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.125%  11/1/2041   8,735      8,620
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2043   5,195      5,273
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2043   4,450      4,548
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.050%   4/1/2044   4,825      5,178
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.480%   6/1/2044   1,667      1,705
10 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.250%   7/1/2045   2,970      3,018
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/2026   1,130      1,135
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/2028     775        808
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/2030     645        694
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/2031     600        612
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/2032     570        624
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/2034     500        554
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/2036   1,200      1,313
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/2038     955      1,038
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/2040     525        561
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 4.000%  8/15/2044   2,055      1,938
10 California Municipal Finance Authority Local or Guaranteed Housing Revenue (Claremont Colleges Project) 5.000%   7/1/2030     520        529
10 California Municipal Finance Authority Local or Guaranteed Housing Revenue (Claremont Colleges Project) 5.000%   7/1/2040   3,035      3,040
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Gibson Drive Apartments Project) 4.450%  12/1/2042  12,000     12,082
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.200%   8/1/2027   1,500      1,500
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 2.750%   9/1/2027   1,000        996
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 2.750%   9/1/2027   1,125      1,120
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 2.950%   1/1/2028   6,500      6,502
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.050%   6/1/2028   2,285      2,289
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 5.000%   7/1/2028  23,585     24,684
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 2.950%  12/1/2028   9,500      9,497
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 2.930%   6/1/2029   4,500      4,503
5 California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.000%  12/1/2029   1,435      1,436
10 California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 8.000%  12/1/2044   1,000      1,000
17

 

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

($000)
10 California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 8.000%  10/1/2045     830        830
10 California Municipal Finance Authority Multifamily Housing Revenue TOB VRDO 2.950%   6/1/2026  22,180     22,180
10 California Municipal Finance Authority Multifamily Local or Guaranteed Housing Revenue TOB VRDO 3.050%   6/1/2026  33,030     33,030
  California Municipal Finance Authority Private Schools Revenue 4.650%   5/1/2030     395        404
10 California Municipal Finance Authority Private Schools Revenue 5.000%   5/1/2034     400        414
10 California Municipal Finance Authority Private Schools Revenue 5.500%   5/1/2044     650        664
10 California Municipal Finance Authority Private Schools Revenue (Westside Neighborhood School Project) 5.000%  6/15/2034   1,025      1,082
10 California Municipal Finance Authority Private Schools Revenue (Westside Neighborhood School Project) 5.500%  6/15/2039   1,500      1,599
10 California Municipal Finance Authority Private Schools Revenue (Westside Neighborhood School Project) 5.900%  6/15/2044   1,865      1,991
10 California Municipal Finance Authority Resource Recovery Revenue (Waste Management Inc. Project) PUT 3.300%   2/1/2028   1,845      1,849
  California Municipal Finance Authority Special Tax Revenue 4.125%   9/1/2034     450        452
  California Municipal Finance Authority Special Tax Revenue 4.250%   9/1/2034     380        384
  California Municipal Finance Authority Special Tax Revenue 4.625%   9/1/2035     500        506
  California Municipal Finance Authority Special Tax Revenue 5.000%   9/1/2035     635        665
  California Municipal Finance Authority Special Tax Revenue 5.000%   9/1/2035     350        368
  California Municipal Finance Authority Special Tax Revenue 4.625%   9/1/2039     600        618
  California Municipal Finance Authority Special Tax Revenue 5.000%   9/1/2039     575        601
  California Municipal Finance Authority Special Tax Revenue 5.000%   9/1/2039     595        624
  California Municipal Finance Authority Special Tax Revenue 5.000%   9/1/2039     740        774
  California Municipal Finance Authority Special Tax Revenue 5.000%   9/1/2040   1,360      1,419
  California Municipal Finance Authority Special Tax Revenue 5.000%   9/1/2040     600        625
  California Municipal Finance Authority Special Tax Revenue 5.000%   9/1/2040     550        572
  California Municipal Finance Authority Special Tax Revenue 5.250%   9/1/2043   1,265      1,337
  California Municipal Finance Authority Special Tax Revenue 5.000%   9/1/2044     900        926
  California Municipal Finance Authority Special Tax Revenue 5.000%   9/1/2045   1,300      1,330
  California Municipal Finance Authority Special Tax Revenue 5.000%   9/1/2045     950        974
  California Municipal Finance Authority Special Tax Revenue (Bold Program) 5.000%   9/1/2033     375        394
  California Municipal Finance Authority Special Tax Revenue (Bold Program) 4.250%   9/1/2034     290        296
  California Municipal Finance Authority Special Tax Revenue (Bold Program) 5.000%   9/1/2038   2,055      2,162
  California Municipal Finance Authority Special Tax Revenue (Bold Program) 4.500%   9/1/2039     700        718
  California Municipal Finance Authority Special Tax Revenue (Bold Program) 5.000%   9/1/2039     275        288
  California Municipal Finance Authority Special Tax Revenue (Bold Program) 5.250%   9/1/2043   3,465      3,661
  California Municipal Finance Authority Special Tax Revenue (Bold Program) 5.500%   9/1/2043     625        662
  California Municipal Finance Authority Special Tax Revenue (Bold Program) 5.000%   9/1/2044     625        644
  California Municipal Finance Authority Special Tax Revenue (Bold Program) 5.000%   9/1/2044   1,000      1,045
  California Municipal Finance Authority Transit Revenue 5.000%  6/30/2032  10,000     10,761
  California Municipal Finance Authority Transit Revenue 5.000%   9/1/2039   1,670      1,859
  California Municipal Finance Authority Transit Revenue 5.000%   9/1/2040   3,550      3,945
  California Municipal Finance Authority Transit Revenue 4.050%  7/20/2041   1,323      1,233
  California Municipal Finance Authority Transit Revenue 5.000%   9/1/2041   5,130      5,663
  California Municipal Finance Authority Transit Revenue 5.000%   9/1/2042   4,775      5,241
  California Municipal Finance Authority Transit Revenue 5.000%   9/1/2043   1,500      1,645
  California Municipal Finance Authority Transit Revenue 5.000%   9/1/2044   1,600      1,742
  California Municipal Finance Authority Transit Revenue 5.000%   9/1/2045   1,600      1,726
  California Municipal Finance Authority Transit Revenue 5.000%   9/1/2046   1,350      1,442
  California Pollution Control Financing Authority Water Revenue PUT 3.700%   9/1/2028   4,500      4,565
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2026   1,700      1,700
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/2026   1,245      1,247
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/2027     440        443
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/2027   2,360      2,379
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/2028     450        458
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/2028   1,450      1,469
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/2029     500        514
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029   1,245      1,316
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/2030     490        508
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2030   1,325      1,420
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/2031     520        543
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2031   1,900      2,061
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2032   2,000      2,192
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2033   2,000      2,211
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2034   1,875      2,093
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2035   2,525      2,804
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/2035   1,215      1,364
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/2036   2,500      2,606
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/2037   1,640      1,701
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 10/15/2037     645        646
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/2038   2,320      2,399
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2039   1,660      1,807
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/2039   2,400      2,469
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/2040   2,500      2,557
18

 

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

($000)
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/2043  12,000     12,102
10 California Public Finance Authority Health, Hospital, Nursing Home Revenue (Enso Village Project) 5.000% 11/15/2046   3,045      2,884
  California Public Finance Authority Health, Hospital, Nursing Home Revenue PUT 4.000% 10/15/2031   2,055      2,004
7 California Public Finance Authority Health, Hospital, Nursing Home Revenue VRDO 2.300%   6/1/2026  16,200     16,200
  California Public Finance Authority Health, Hospital, Nursing Home Revenue VRDO 2.400%   6/1/2026   7,380      7,380
  California Public Finance Authority Health, Hospital, Nursing Home Revenue VRDO 2.400%   6/1/2026  24,445     24,445
10 California Public Finance Authority Local or Guaranteed Housing Revenue 5.700%   6/1/2034     625        638
10 California Public Finance Authority Local or Guaranteed Housing Revenue 5.875%   6/1/2039   4,325      4,337
10 California Public Finance Authority Local or Guaranteed Housing Revenue 6.200%   6/1/2044  16,665     16,619
10 California Public Finance Authority Local or Guaranteed Housing Revenue 6.375%   6/1/2045   6,445      6,936
10 California Public Finance Authority Local or Guaranteed Housing Revenue (The Park at South Stadium Projects) 5.750%   1/1/2041   6,305      6,423
10 California Public Finance Authority Local or Guaranteed Housing Revenue (The Park at South Stadium Projects) 6.500%   1/1/2048   8,565      8,766
10 California Public Finance Authority Local or Guaranteed Housing Revenue PUT 5.100%   4/1/2033   7,650      7,677
4 California School Facilities Financing Authority Intergovernmental Agreement Revenue 0.000%   8/1/2049   8,435      2,603
10 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/2026     715        715
10 California School Finance Authority Charter School Aid Revenue 4.000%   8/1/2026     405        405
10 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2026     255        255
10 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2027     530        530
10 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2027   1,115      1,115
10 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/2028     770        770
10 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2028     280        280
10 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2028   1,155      1,156
10 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/2029     475        480
10 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2029     300        300
10 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2029   1,230      1,231
10 California School Finance Authority Charter School Aid Revenue 5.000%   6/1/2030     300        303
10 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/2030     835        836
10 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2030     300        300
10 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2030     350        350
10 California School Finance Authority Charter School Aid Revenue 4.000%   6/1/2031   2,955      2,941
10 California School Finance Authority Charter School Aid Revenue 2.125%   8/1/2031   1,210      1,093
10 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2031     450        450
10 California School Finance Authority Charter School Aid Revenue 4.500%   7/1/2032   2,230      2,259
10 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/2032     920        921
10 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2032   1,280      1,306
10 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/2033     485        485
10 California School Finance Authority Charter School Aid Revenue 5.000%   6/1/2034     725        748
10 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/2034     900        910
10 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/2034     510        510
10 California School Finance Authority Charter School Aid Revenue 4.125%   7/1/2035     375        372
10 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2035   1,000      1,000
10 California School Finance Authority Charter School Aid Revenue 4.000%   8/1/2036     430        414
10 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2036   1,075      1,075
10 California School Finance Authority Charter School Aid Revenue 5.000%   6/1/2037     255        265
10 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/2038   2,790      2,707
10 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/2039     800        853
10 California School Finance Authority Charter School Aid Revenue 4.000%   6/1/2041   3,985      3,617
10 California School Finance Authority Charter School Aid Revenue 4.000%   8/1/2041     530        488
10 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/2042   4,250      4,259
10 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2042     875        878
10 California School Finance Authority Charter School Aid Revenue 5.000%   6/1/2044   1,000        977
10 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/2045   1,000      1,000
10 California School Finance Authority Charter School Aid Revenue 5.750%   6/1/2046     300        312
10 California School Finance Authority Charter School Aid Revenue (Classical Academies Vista Project) 2.000%  10/1/2026     295        293
10 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/2026     430        431
10 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/2027     320        325
10 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/2028     355        365
10 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/2035   1,000      1,000
10 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/2038   2,000      2,027
10 California School Finance Authority Charter School Aid Revenue (Ivy Academia Project) 3.000%   6/1/2031   1,890      1,710
10 California School Finance Authority Charter School Aid Revenue (Ivy Academia Project) 4.000%   6/1/2041   1,655      1,351
10 California School Finance Authority Charter School Aid Revenue (KIPP LA Projects) 5.000%   7/1/2026     380        380
10 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/2026     105        105
10 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/2026     330        330
10 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/2027     220        224
10 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/2027     280        284
10 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/2028     410        424
10 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/2028     310        321
19

 

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

($000)
10 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/2029     495        519
10 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/2029     240        251
10 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/2030     200        212
10 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/2039   1,000      1,026
10 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 4.000%   7/1/2040   3,500      3,354
10 California School Finance Authority Charter School Aid Revenue (Lifeline Education Charter School Project) 3.000%   7/1/2030     295        284
10 California School Finance Authority Charter School Aid Revenue (New Designs Charter School Adams Campus Project) 5.000%   6/1/2040   3,000      3,011
10 California School Finance Authority Charter School Aid Revenue (Santa Clarita Valley International School Project) 4.000%   6/1/2031     185        144
10 California School Finance Authority Charter School Aid Revenue (Santa Clarita Valley International School Project) 4.000%   6/1/2041     775        570
10 California School Finance Authority Charter School Aid Revenue (Santa Clarita Valley International School Project) 4.000%   6/1/2051     125         87
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/2026     160        160
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/2027     230        233
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/2028     215        220
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/2029     260        269
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/2030     570        594
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/2033     930        968
10 California School Finance Authority Local or Guaranteed Housing Revenue (Sonoma County Junior College District Project) 4.000%  11/1/2031   1,605      1,610
10 California School Finance Authority Local or Guaranteed Housing Revenue (Sonoma County Junior College District Project) 4.000%  11/1/2041   1,730      1,596
  California State Public Works Board Lease (Abatement) Revenue 5.000%   6/1/2027   5,000      5,128
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/2027   4,000      4,119
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/2028  13,000     13,426
  California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/2029   5,600      5,959
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/2029  12,750     13,709
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/2029  11,515     11,877
  California State Public Works Board Lease (Abatement) Revenue 3.000%   5/1/2032   1,025      1,008
  California State Public Works Board Lease (Abatement) Revenue 3.000%  10/1/2033     300        287
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/2035   5,000      5,244
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/2036   6,560      7,173
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2038   1,750      1,971
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/2039   3,555      3,644
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2040   1,250      1,393
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/2041     720        727
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2042   1,000      1,103
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/2042   4,500      4,516
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2043   1,000      1,098
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/2043   1,160      1,157
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2044   1,675      1,823
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2045   3,750      4,049
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/2045   3,020      2,984
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/2047   1,420      1,372
  California State Public Works Board Lease (Abatement) Revenue (Riverside Campus Projects) 5.000%   4/1/2028   4,000      4,086
  California State Public Works Board Lease (Abatement) Revenue (Riverside Campus Projects) 5.000%   4/1/2029   5,235      5,341
  California State Public Works Board Lease (Abatement) Revenue (Riverside Campus Projects) 5.000%   4/1/2030   2,435      2,483
  California State Public Works Board Lease (Abatement) Revenue (Riverside Campus Projects) 5.000%   4/1/2032   2,000      2,036
  California State Public Works Board Lease (Abatement) Revenue (Riverside Campus Projects) 5.000%   4/1/2034   2,575      2,619
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2035   2,365      2,753
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2036   2,530      2,927
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2037   3,375      3,883
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2038   3,765      4,305
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2039   4,200      4,769
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2040   5,000      5,646
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2041   2,750      3,098
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2042   1,500      1,678
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2043   2,260      2,514
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2044   2,020      2,226
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2045   2,870      3,133
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2046   2,240      2,420
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   5/1/2027   3,350      3,428
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  12/1/2027   5,000      5,192
20

 

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%  12/1/2028   1,850      1,962
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   5/1/2029   3,695      3,866
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2029   2,615      2,826
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2031   1,175      1,309
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%  11/1/2031   3,805      4,006
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2031   5,845      6,527
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2032   2,250      2,542
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  10/1/2032   4,520      4,649
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%  11/1/2032   3,965      4,154
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2033   3,250      3,715
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 2.000%  11/1/2033   3,815      3,385
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2033   2,055      2,353
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2034   2,750      3,174
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 2.000%  11/1/2034   4,025      3,499
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2034   2,090      2,416
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/2035     175        184
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/2035     500        516
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/2035   4,095      4,754
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2035   2,130      2,446
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2035   1,515      1,766
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/2036     625        643
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/2036   5,085      5,868
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   5/1/2036     900        933
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2036   3,705      4,231
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2037   8,000      9,090
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2037     975      1,123
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  12/1/2037   1,500      1,664
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   5/1/2038   1,125      1,155
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2038   1,000      1,130
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/2039   1,000      1,017
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   5/1/2039   1,500      1,532
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2039   1,000      1,123
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/2040     750        760
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   5/1/2040   4,500      4,575
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%  11/1/2040   2,175      2,227
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   5/1/2041   3,860      3,892
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%  11/1/2041   2,605      2,640
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2041   4,730      5,339
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2042   5,000      5,601
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/2043   6,790      7,525
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.500%  11/1/2043   5,000      5,155
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2043   5,000      5,571
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/2044   4,190      4,601
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%  11/1/2044   1,735      1,722
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2044   1,470      1,594
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2044   3,000      3,311
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/2045   3,915      4,261
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2045   3,770      4,121
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/2046   5,990      6,453
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   5/1/2046   1,000        979
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2046   4,325      4,674
  California State Public Works Board Lease (Abatement) Revenue, Prere. 5.000%  10/1/2027     840        868
  California State Public Works Board Lease (Abatement) Revenue, Prere. 5.000%  10/1/2027     745        770
  California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/2033   1,135      1,254
  California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/2034   2,945      3,243
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/2035  11,110     11,585
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/2036   3,000      3,115
  California State Public Works Board Lease (Appropriation) Revenue 4.000%   8/1/2037   3,355      3,468
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/2037   5,465      5,651
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/2038   2,470      2,538
  California State Public Works Board Lease (Appropriation) Revenue 5.000%  11/1/2040   4,000      4,327
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/2046   8,330      8,155
  California State Public Works Board Lease (Appropriation) Revenue 5.000%  11/1/2046   1,685      1,773
  California State Public Works Board Lease (Appropriation) Revenue (Various Capital Projects) 4.000%  11/1/2036   4,430      4,599
  California State University College & University Revenue 5.000%  11/1/2033   6,270      6,401
  California State University College & University Revenue 5.000%  11/1/2033   7,880      9,105
  California State University College & University Revenue 5.000%  11/1/2034   5,000      5,103
  California State University College & University Revenue 5.000%  11/1/2034   8,560      9,037
  California State University College & University Revenue 4.000%  11/1/2035     580        608
  California State University College & University Revenue 5.000%  11/1/2035   8,000      8,160
21

 

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

($000)
  California State University College & University Revenue 5.000%  11/1/2035   5,000      5,269
  California State University College & University Revenue 5.000%  11/1/2035   5,000      5,888
  California State University College & University Revenue 3.125%  11/1/2036      60         57
  California State University College & University Revenue 5.000%  11/1/2036   1,435      1,462
  California State University College & University Revenue 5.000%  11/1/2036  10,555     11,099
  California State University College & University Revenue 5.000%  11/1/2036   3,500      4,093
  California State University College & University Revenue 5.000%  11/1/2037   3,895      3,966
  California State University College & University Revenue 5.000%  11/1/2037  10,465     10,984
  California State University College & University Revenue 5.000%  11/1/2037   7,070      8,216
  California State University College & University Revenue 5.000%  11/1/2038   5,495      5,758
  California State University College & University Revenue 5.000%  11/1/2038  15,650     18,085
  California State University College & University Revenue 5.000%  11/1/2039   1,725      1,835
  California State University College & University Revenue 5.000%  11/1/2039  13,140     15,067
  California State University College & University Revenue 3.000%  11/1/2040   1,720      1,571
  California State University College & University Revenue 5.000%  11/1/2040   5,040      5,746
  California State University College & University Revenue 5.000%  11/1/2041   1,285      1,427
  California State University College & University Revenue 5.000%  11/1/2041   5,520      6,271
  California State University College & University Revenue 5.000%  11/1/2042   8,250      8,372
  California State University College & University Revenue 5.000%  11/1/2042   1,000      1,104
  California State University College & University Revenue 5.000%  11/1/2042   5,085      5,734
  California State University College & University Revenue 5.000%  11/1/2043   1,000      1,098
  California State University College & University Revenue 5.000%  11/1/2043   9,795     10,978
  California State University College & University Revenue 5.000%  11/1/2044   1,250      1,363
  California State University College & University Revenue 5.000%  11/1/2044  20,695     22,987
  California State University College & University Revenue 5.000%  11/1/2045  13,565     14,915
  California State University College & University Revenue 5.000%  11/1/2046  11,650     12,692
  California State University College & University Revenue PUT 1.600%  11/1/2026  28,940     28,758
  California State University College & University Revenue PUT 3.125%  11/1/2026   5,000      4,992
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/2034   4,985      4,932
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/2035   1,000        982
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/2037   2,795      2,658
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/2038  12,300     11,550
  California State University Local or Guaranteed Housing Revenue 4.000%  11/1/2045   3,915      3,880
  California Statewide Communities Development Authority College & University Revenue 5.000%  5/15/2027   1,500      1,527
  California Statewide Communities Development Authority College & University Revenue 5.000%  5/15/2028   1,550      1,578
  California Statewide Communities Development Authority College & University Revenue 5.000%  5/15/2029     900        916
  California Statewide Communities Development Authority Electric Power & Light Revenue 1.450%   4/1/2028   8,000      7,693
  California Statewide Communities Development Authority Electric Power & Light Revenue 1.750%   9/1/2029  13,015     12,261
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2026     175        175
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2026   1,395      1,399
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2027   1,925      1,952
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2027     605        613
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2027     160        162
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2027   1,455      1,481
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2027     670        679
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027     205        210
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2027   1,415      1,443
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2027   1,000      1,031
10 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2027   3,400      3,403
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2028   1,470      1,517
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2028     420        426
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2028   1,515      1,575
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2028     425        438
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028     100        105
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2028   1,200      1,233
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2028     780        824
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2029   3,290      3,417
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2029   3,640      3,761
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2029   3,275      3,278
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2029     470        476
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2029   1,240      1,311
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2029     725        758
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2029   1,425      1,464
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2029     600        603
10 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2029   2,000      2,001
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/2029  12,600     12,612
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2030   1,685      1,749
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2030   6,380      6,386
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2030   2,615      2,701
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2030     660        709
22

 

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%   4/1/2030     450        477
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030     275        288
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2030   1,750      1,796
10 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030  25,000     27,051
10 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2030   1,000      1,001
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2031   1,460      1,513
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2031   2,120      2,187
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2031   1,225      1,310
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2031     450        482
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2031   1,345      1,379
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.250%  8/15/2031   2,750      2,845
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031     870        874
10 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031     525        525
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2032   1,450      1,501
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2032   7,115      7,121
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2032   2,360      2,429
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2032     255        256
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2032   2,220      2,366
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2032   1,000      1,069
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/2032   2,270      2,385
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2032   1,725      1,766
10 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2032  25,000     27,697
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2033   2,085      2,156
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2033   1,150      1,182
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2033   2,850      3,027
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/2033   1,475      1,542
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2033   2,075      2,121
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.125%   3/1/2034     875        875
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2034   1,005      1,031
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2034     350        351
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2034   2,550      2,700
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/2034     715        744
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/2034   1,500      1,501
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2035     830        856
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2035   4,545      4,548
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2035   2,950      3,014
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2035   1,545      1,568
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/2035     900        931
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2035   3,225      3,288
10 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2035  30,000     34,099
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2036   3,145      3,190
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2036   1,590      1,608
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/2036     700        721
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2036   1,360      1,384
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.000%  8/15/2036     200        187
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2037     650        651
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/2037   1,030      1,055
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2038   1,000      1,027
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.500%   3/1/2038   1,650      1,508
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2038   2,050      2,064
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2038   2,100      2,108
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/2038   2,945      3,004
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2039   5,500      5,504
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/2039   1,530      1,555
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2040   3,495      3,497
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2040   4,250      4,236
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/2040   1,100      1,108
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2041   1,520      1,493
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/2041   1,160      1,161
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2041     550        551
4 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2042   1,000      1,039
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.250%   1/1/2043   4,400      4,411
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2043     200        218
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2044     210        228
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/2044   1,150      1,150
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/2044   2,850      3,150
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2045   2,325      2,218
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2045     265        285
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2046     310        329
4 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.125%  8/15/2047   1,000      1,020
23

 

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 (Huntington Memorial Hospital Project) 5.000%   7/1/2026     325        326
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/2036     590        613
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/2037     500        519
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/2038     710        735
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of CA Project) 2.500%   4/1/2031   3,930      3,884
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of CA Project) 2.700%   4/1/2032   2,685      2,660
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of CA Project) 2.850%  10/1/2032   1,370      1,358
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of California Project) 5.000%   4/1/2027     150        153
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of California Project) 5.000%   4/1/2028     850        888
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of California Project) 5.000%   4/1/2030     495        537
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of California Project) 5.000%   4/1/2031     645        699
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of California Project) 5.000%   4/1/2032     680        735
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of California Project) 5.000%   4/1/2033     715        770
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of California Project) 5.000%   4/1/2034   1,400      1,504
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of California Project) 5.000%   4/1/2036     500        533
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of California Project) 5.000%   4/1/2037     350        372
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of California Project) 5.000%   4/1/2038     400        424
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   3/1/2027  22,505     22,604
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2029  13,285     14,305
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2029   8,635      9,298
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2029   4,985      5,368
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2029   6,410      6,902
  California Statewide Communities Development Authority Industrial Revenue 4.500%  11/1/2033  10,575     10,976
  California Statewide Communities Development Authority Industrial Revenue 4.500%  11/1/2033  10,775     11,183
  California Statewide Communities Development Authority Intergovernmental Agreement Revenue 4.000%   9/2/2033   1,940      1,932
  California Statewide Communities Development Authority Intergovernmental Agreement Revenue 4.500%   9/2/2034   2,450      2,549
  California Statewide Communities Development Authority Intergovernmental Agreement Revenue 4.750%   9/2/2040   1,300      1,365
  California Statewide Communities Development Authority Intergovernmental Agreement Revenue 5.000%   9/2/2043   5,830      5,961
  California Statewide Communities Development Authority Intergovernmental Agreement Revenue (Statewide Community Infrastructure Program) 5.000%   9/2/2034   1,795      1,929
  California Statewide Communities Development Authority Intergovernmental Agreement Revenue (Statewide Community Infrastructure Program) 5.000%   9/2/2039   1,915      2,062
  California Statewide Communities Development Authority Intergovernmental Agreement Revenue (Statewide Community Infrastructure Program) 5.000%   9/2/2044   3,235      3,393
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2027   2,015      2,018
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2028   5,000      5,007
3 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2028   2,000      2,081
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2029   2,100      2,103
10 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%   7/1/2029     700        712
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2032   2,475      2,478
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2033   3,375      3,379
3 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2034   3,000      3,094
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2034   2,750      2,753
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2035   1,000      1,001
3 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2036   3,000      3,068
3 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2037   3,000      3,059
3 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2038   3,000      3,049
10 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.250%   7/1/2039   1,515      1,544
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.250%  12/1/2040   4,970      5,077
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.250%  12/1/2040   7,425      7,585
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.250%  12/1/2040   5,385      5,501
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue (Heritage Park Apartments Project) 3.700%   4/1/2035   2,730      2,756
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue (Vintage at Folsom Project) 4.000%  10/1/2042   2,590      2,512
24

 

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 PUT 5.000%  10/1/2027     675        693
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue PUT 4.250%   9/1/2035   3,000      3,066
10 California Statewide Communities Development Authority Multifamily Housing Revenue TOB VRDO 2.950%   6/1/2026  41,700     41,700
10 California Statewide Communities Development Authority Multifamily Housing Revenue TOB VRDO 2.950%   6/1/2026  48,493     48,493
  California Statewide Communities Development Authority Special Assessment Revenue 4.000%   9/2/2028   1,420      1,430
  California Statewide Communities Development Authority Special Assessment Revenue 5.000%   9/2/2038     100        103
  California Statewide Communities Development Authority Special Assessment Revenue 5.000%   9/2/2039   1,200      1,277
  California Statewide Communities Development Authority Special Assessment Revenue 5.000%   9/2/2044   2,500      2,585
  California Statewide Communities Development Authority Special Assessment Revenue (Statewide Community Infrastructure Program) 4.000%   9/2/2028   1,900      1,918
  California Statewide Communities Development Authority Special Assessment Revenue (Statewide Community Infrastructure Program) 4.000%   9/2/2029   1,795      1,826
  California Statewide Communities Development Authority Special Assessment Revenue (Statewide Community Infrastructure Program) 4.000%   9/2/2031   1,140      1,133
  California Statewide Communities Development Authority Special Assessment Revenue (Statewide Community Infrastructure Program) 4.250%   9/2/2032   1,855      1,870
  California Statewide Communities Development Authority Special Assessment Revenue (Statewide Community Infrastructure Program) 4.750%   9/2/2033   1,315      1,336
  California Statewide Communities Development Authority Special Assessment Revenue (Statewide Community Infrastructure Program) 5.000%   9/2/2036     845        847
  California Statewide Communities Development Authority Special Assessment Revenue (Statewide Community Infrastructure Program) 5.000%   9/2/2039   1,000      1,038
  California Statewide Communities Development Authority Special Assessment Revenue (Statewide Community Infrastructure Program) 5.125%   9/2/2042   1,495      1,536
  California Statewide Communities Development Authority Special Assessment Revenue (Statewide Community Infrastructure Program) 5.250%   9/2/2043   1,500      1,556
  California Statewide Communities Development Authority Special Tax Revenue 4.000%   9/1/2034     500        498
  California Statewide Communities Development Authority Special Tax Revenue 4.250%   9/1/2034   1,180      1,213
  California Statewide Communities Development Authority Special Tax Revenue 5.000%   9/1/2034     345        370
  California Statewide Communities Development Authority Special Tax Revenue 4.375%   9/2/2034   1,645      1,681
  California Statewide Communities Development Authority Special Tax Revenue 4.750%   9/1/2038     500        514
  California Statewide Communities Development Authority Special Tax Revenue 5.000%   9/1/2039     745        788
  California Statewide Communities Development Authority Special Tax Revenue 5.000%   9/1/2043   1,000      1,038
  California Statewide Communities Development Authority Special Tax Revenue 5.000%   9/1/2044   1,225      1,268
  California Statewide Communities Development Authority Special Tax Revenue 5.000%   9/1/2044   2,180      2,259
  California Statewide Communities Development Authority Special Tax Revenue 5.000%   9/1/2044     500        521
  Campbell Union High School District GO, Prere. 4.000%   8/1/2026   5,000      5,013
  Campbell Union High School District GO, Prere. 5.000%   8/1/2026   2,125      2,134
  Campbell Union High School District GO, Prere. 5.000%   8/1/2026   2,500      2,511
  Campbell Union High School District GO, Prere. 5.000%   8/1/2026   4,095      4,112
  Campbell Union School District GO 0.000%   8/1/2037   4,095      2,756
  Campbell Union School District GO 0.000%   8/1/2038   4,700      3,018
2 Capistrano Unified School District Community Facilities District Special Tax Revenue 0.000%   9/1/2030   9,215      8,028
  Carlsbad Unified School District GO 4.000%   5/1/2030   5,220      5,281
  Carlsbad Unified School District GO 6.125%   8/1/2031     145        164
  Carlsbad Unified School District GO 4.000%   5/1/2033     720        727
  Carlsbad Unified School District GO 3.000%   8/1/2033     300        297
  Carlsbad Unified School District GO 4.000%   5/1/2034     685        691
  Carlsbad Unified School District GO 3.000%   8/1/2034     500        491
  Carlsbad Unified School District GO 3.000%   8/1/2035   1,100      1,079
  Carlsbad Unified School District GO 3.000%   8/1/2035     500        483
  Carlsbad Unified School District GO 3.000%   8/1/2036   1,180      1,142
  Carlsbad Unified School District GO 3.000%   8/1/2036     500        479
  Carlsbad Unified School District GO 3.000%   8/1/2038   1,415      1,330
  Carlsbad Unified School District GO 3.000%   8/1/2039   1,545      1,429
  Carson Public Financing Authority Lease (Abatement) Revenue 5.000%   6/1/2041   1,000      1,113
  Carson Public Financing Authority Lease (Abatement) Revenue 5.000%   6/1/2042   3,815      4,218
  Carson Public Financing Authority Lease (Abatement) Revenue 5.000%   6/1/2043   1,750      1,917
  Carson Public Financing Authority Lease (Abatement) Revenue 5.000%   6/1/2044     925      1,002
  Castro Valley Unified School District GO 4.000%   8/1/2033     750        759
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/2026     125        125
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/2026     300        300
  Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 5.000%   8/1/2026     580        582
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/2027     390        396
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/2027     300        305
25

 

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

($000)
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/2028     105        108
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/2028     250        257
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 5.000%   8/1/2028     900        945
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/2029     420        437
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/2029     250        260
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/2030     300        315
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 5.000%   8/1/2030     710        774
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/2031     375        391
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/2031     300        313
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 5.000%   8/1/2031     255        283
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/2032     975      1,014
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 5.000%   8/1/2032     910      1,021
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 5.000%   8/1/2032     270        304
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/2033   2,720      2,821
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 5.000%   8/1/2033     285        324
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/2034   1,250      1,292
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 5.000%   8/1/2034     600        687
3 Cathedral City Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/2035     405        418
3 Center Joint Unified School District GO 4.000%   8/1/2034     210        215
3 Center Joint Unified School District GO 3.000%   8/1/2035     950        919
3 Center Joint Unified School District GO 3.000%   8/1/2036     535        509
3 Center Joint Unified School District GO 3.000%   8/1/2038   1,310      1,211
3 Center Joint Unified School District GO 3.000%   8/1/2040     600        539
4 Centinela Valley Union High School District GO 0.000%   8/1/2027     670        650
4 Centinela Valley Union High School District GO 0.000%   8/1/2028     685        646
4 Centinela Valley Union High School District GO 5.000%   8/1/2031   1,280      1,430
4 Centinela Valley Union High School District GO 5.000%   8/1/2032   1,600      1,812
4 Centinela Valley Union High School District GO 5.000%   8/1/2033   1,750      2,011
4 Centinela Valley Union High School District GO 5.000%   8/1/2034   2,000      2,322
4 Centinela Valley Union High School District GO 3.000%   8/1/2036   3,205      3,059
4 Centinela Valley Union High School District GO 5.000%   8/1/2036     695        819
4 Centinela Valley Union High School District GO 5.000%   8/1/2038     890      1,034
4 Centinela Valley Union High School District GO 5.000%   8/1/2039     500        577
  Central Unified School District GO 0.000%   8/1/2033     500        391
  Central Unified School District GO 0.000%   8/1/2034     300        225
  Central Unified School District GO 0.000%   8/1/2035     300        215
  Central Unified School District GO 0.000%   8/1/2036     235        161
  Central Unified School District GO 0.000%   8/1/2037     500        326
  Central Valley Energy Authority Natural Gas Revenue 5.000%   8/1/2034  45,790     49,145
  Central Valley Energy Authority Natural Gas Revenue PUT 5.000%   8/1/2035  92,130     99,002
  Cerritos Community College District GO 4.000%   8/1/2043   1,440      1,453
  Chabot-Las Positas Community College District GO 3.000%   8/1/2033   1,000      1,004
  Chabot-Las Positas Community College District GO 3.000%   8/1/2035   1,580      1,577
  Chabot-Las Positas Community College District GO 3.000%   8/1/2037   2,800      2,734
  Chabot-Las Positas Community College District GO 3.000%   8/1/2038   3,000      2,856
  Chabot-Las Positas Community College District GO 5.000%   8/1/2043   2,120      2,324
  Chabot-Las Positas Community College District GO 5.000%   8/1/2045   1,275      1,412
  Chaffey Joint Union High School District GO 0.000%   2/1/2027     370        363
  Chaffey Joint Union High School District GO 0.000%   8/1/2028     530        498
  Chaffey Joint Union High School District GO 0.000%   8/1/2029     515        469
  Chaffey Joint Union High School District GO 0.000%   2/1/2030     885        790
  Chaffey Joint Union High School District GO 0.000%   8/1/2030     450        396
  Chaffey Joint Union High School District GO 0.000%   8/1/2031     455        387
  Chaffey Joint Union High School District GO 0.000%   8/1/2032     525        430
26

 

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

($000)
  Chaffey Joint Union High School District GO 0.000%   2/1/2033   1,000        800
  Chaffey Joint Union High School District GO 0.000%   8/1/2033     700        552
  Chaffey Joint Union High School District GO 0.000%   8/1/2034     890        671
  Chaffey Joint Union High School District GO 0.000%   2/1/2035     605        444
  Chaffey Joint Union High School District GO 0.000%   8/1/2035   1,090        760
  Chaffey Joint Union High School District GO 0.000%   2/1/2037   1,000        669
  Chaffey Joint Union High School District GO 0.000%   2/1/2038     710        452
  Chaffey Joint Union High School District GO 0.000%   8/1/2042   2,000        984
  Chaffey Joint Union High School District GO 0.000%   8/1/2043   1,785        830
  Chico Unified School District GO 3.000%   8/1/2038     900        837
  Chico Unified School District GO 3.000%   8/1/2039     765        700
  Chico Unified School District GO 3.000%   8/1/2040   1,500      1,335
  Chino Community Facilities District Special Tax Revenue 4.000%   9/1/2029     285        289
  Chino Community Facilities District Special Tax Revenue 5.000%   9/1/2034     650        701
  Chino Community Facilities District Special Tax Revenue 3.000%   9/1/2035     100         92
  Chino Community Facilities District Special Tax Revenue 4.000%   9/1/2036   1,530      1,539
  Chino Community Facilities District Special Tax Revenue 5.000%   9/1/2039     835        893
  Chino Community Facilities District Special Tax Revenue 5.000%   9/1/2040   1,000      1,047
  Chino Community Facilities District Special Tax Revenue 5.000%   9/1/2044     795        824
  Chino Community Facilities District Special Tax Revenue 4.000%   9/1/2045   1,500      1,382
  Chino Community Facilities District Special Tax Revenue 5.000%   9/1/2045   2,545      2,607
3 Chino Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2027   1,195      1,197
3 Chino Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2030   1,170      1,172
  Chino Valley Unified School District GO 0.000%   8/1/2029     500        456
  Chino Valley Unified School District GO 0.000%   8/1/2030     600        529
  Chino Valley Unified School District GO 0.000%   8/1/2032     935        766
  Chino Valley Unified School District GO 0.000%   8/1/2033     700        554
  Chino Valley Unified School District GO 0.000%   8/1/2034     580        440
  Chino Valley Unified School District GO 0.000%   8/1/2035   1,400        999
  Chino Valley Unified School District GO 0.000%   8/1/2035     550        399
  Chino Valley Unified School District GO 0.000%   8/1/2036     670        463
  Chino Valley Unified School District GO 0.000%   8/1/2037   1,000        645
  Chino Valley Unified School District GO 0.000%   8/1/2037     800        526
  Chino Valley Unified School District GO 0.000%   8/1/2038   1,350        827
  Chino Valley Unified School District GO 0.000%   8/1/2038   1,000        625
  Chino Valley Unified School District GO 0.000%   8/1/2039   2,000      1,187
  Chino Valley Unified School District GO 4.000%   8/1/2045   6,075      5,998
  Chula Vista Elementary School District GO 2.000%   8/1/2026   2,030      2,026
  Chula Vista Elementary School District GO 2.000%   8/1/2027   5,315      5,251
  Chula Vista Elementary School District GO 4.000%   8/1/2041   4,000      4,048
  Chula Vista Elementary School District GO 4.000%   8/1/2042   3,500      3,523
  Chula Vista Elementary School District GO 4.000%   8/1/2043   6,415      6,449
  Chula Vista Elementary School District GO 4.000%   8/1/2044   1,000      1,001
  Citrus Community College District GO 0.000%   6/1/2034   3,000      2,327
3 Clovis CA Sewer Revenue 5.000%   8/1/2027   1,090      1,122
3 Clovis CA Sewer Revenue 5.000%   8/1/2031   1,380      1,420
3 Clovis CA Sewer Revenue 5.000%   8/1/2033   1,780      1,829
3 Clovis CA Sewer Revenue 5.000%   8/1/2034   1,000      1,027
3 Clovis CA Sewer Revenue 5.000%   8/1/2035   1,000      1,026
3 Clovis CA Sewer Revenue 5.000%   8/1/2036   2,170      2,224
3 Clovis CA Sewer Revenue 5.000%   8/1/2037   1,265      1,297
2 Clovis Unified School District GO 0.000%   8/1/2026     450        448
2 Clovis Unified School District GO 0.000%   8/1/2027   2,000      1,942
2 Clovis Unified School District GO 0.000%   8/1/2028   6,705      6,337
2 Clovis Unified School District GO 0.000%   8/1/2029   1,115      1,023
2 Clovis Unified School District GO 0.000%   8/1/2030  12,330     10,966
  Clovis Unified School District GO 0.000%   8/1/2032   4,185      3,402
  Clovis Unified School District GO 0.000%   8/1/2033   2,700      2,107
  Clovis Unified School District GO 0.000%   8/1/2034   2,015      1,507
  Clovis Unified School District GO 0.000%   8/1/2035   2,780      1,994
  Clovis Unified School District GO 5.250%   8/1/2040     650        703
  Clovis Unified School District GO 5.000%   8/1/2041   1,575      1,747
  Clovis Unified School District GO 5.000%   8/1/2042   1,700      1,871
  Clovis Unified School District GO 5.000%   8/1/2043   2,500      2,737
  Clovis Unified School District GO 5.000%   8/1/2044   3,250      3,530
  Clovis Unified School District GO 5.000%   8/1/2045   3,500      3,773
  Clovis Unified School District GO 5.000%   8/1/2046   3,750      4,013
4 Coachella Valley CA Unified School District GO 0.000%   8/1/2034   2,245      1,721
4 Coachella Valley CA Unified School District GO 0.000%   8/1/2039   3,405      2,059
  Coachella Valley Water District (Oasis Project) COP 4.000%   8/1/2038   1,505      1,544
27

 

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

($000)
  Coachella Valley Water District (Oasis Project) COP 4.000%   8/1/2039   1,595      1,630
  Coachella Valley Water District (Oasis Project) COP 4.000%   8/1/2040   1,150      1,170
  Coachella Valley Water District (Oasis Project) COP 4.000%   8/1/2041   1,700      1,721
  Coast Community College District GO 3.000%   8/1/2038   3,995      3,725
4 Coast Unified School District GO 0.000%   8/1/2028   1,000        916
4 College of the Sequoias Tulare Area Improvement District No. 3 GO 0.000%   8/1/2040   3,110      1,794
  College of the Sequoias Visalia Area Improvement District No. 2 GO 5.000%   8/1/2044   1,100      1,195
3 Colton Joint Unified School District GO 0.000%   8/1/2032     625        515
3 Colton Joint Unified School District GO 0.000%   8/1/2034     650        495
3 Colton Joint Unified School District GO 0.000%   8/1/2035     325        237
3 Colton Joint Unified School District GO 0.000%   8/1/2036     500        349
3 Colton Joint Unified School District GO 0.000%   8/1/2037     500        333
3 Colton Joint Unified School District GO 0.000%   8/1/2038     600        380
3 Colton Joint Unified School District GO 0.000%   8/1/2039     550        332
3 Colton Joint Unified School District GO 5.000%   8/1/2042   2,000      2,221
3 Colton Joint Unified School District GO 5.000%   8/1/2043   2,000      2,208
3 Colton Joint Unified School District GO 0.000%   8/1/2044     750        337
4 Commerce Community Development Commission Successor Agency Tax Increment/Allocation Revenue 5.000%   8/1/2029   1,595      1,601
3 Compton CA Unified School District (Los Angeles County Schools Pooled Financing Program) COP 5.000%   6/1/2026     475        475
3 Compton CA Unified School District (Los Angeles County Schools Pooled Financing Program) COP 5.000%   6/1/2027     555        568
3 Compton CA Unified School District (Los Angeles County Schools Pooled Financing Program) COP 5.000%   6/1/2028     335        343
3 Compton CA Unified School District (Los Angeles County Schools Pooled Financing Program) COP 5.000%   6/1/2029     275        282
3 Compton CA Unified School District (Los Angeles County Schools Pooled Financing Program) COP 5.000%   6/1/2031     270        276
3 Compton CA Unified School District (Los Angeles County Schools Pooled Financing Program) COP 5.000%   6/1/2032     530        541
3 Compton CA Unified School District (Los Angeles County Schools Pooled Financing Program) COP 4.000%   6/1/2033     250        251
3 Compton CA Unified School District GO 4.000%   6/1/2030   2,200      2,228
3 Compton CA Unified School District GO 4.000%   6/1/2031   2,065      2,090
3 Compton CA Unified School District GO 4.000%   6/1/2032   1,995      2,017
3 Compton CA Unified School District GO 0.000%   6/1/2033   1,010        791
4 Compton Community Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   8/1/2027   2,790      2,870
4 Compton Community Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   8/1/2028   2,395      2,522
  Contra Costa Community College District GO 3.000%   8/1/2037   1,370      1,288
  Contra Costa Community College District GO 3.000%   8/1/2038   1,100      1,015
  Contra Costa Community College District GO 5.000%   8/1/2038   3,000      3,347
  Contra Costa Community College District GO 3.000%   8/1/2039   1,000        912
  Contra Costa Community College District GO 5.000%   8/1/2039   3,350      3,723
  Contra Costa County Public Financing Authority Lease (Abatement) Revenue 4.000%   6/1/2039   3,265      3,354
  Contra Costa County Public Financing Authority Lease (Abatement) Revenue 4.000%   6/1/2041   1,795      1,814
  Contra Costa Water District Water Revenue 5.000%  10/1/2040     700        783
  Contra Costa Water District Water Revenue 5.000%  10/1/2041   1,365      1,522
  Contra Costa Water District Water Revenue 5.000%  10/1/2043     750        827
4 Corona-Norco Unified School District GO 0.000%   8/1/2026   1,530      1,523
4 Corona-Norco Unified School District GO 0.000%   8/1/2027   1,500      1,455
4 Corona-Norco Unified School District GO 0.000%   8/1/2028   1,290      1,218
  Corona-Norco Unified School District GO 4.000%   8/1/2035     500        508
  Corona-Norco Unified School District GO 5.000%   8/1/2043     700        780
  Corona-Norco Unified School District GO 3.000%   8/1/2044   5,750      4,807
  Corona-Norco Unified School District GO 5.000%   8/1/2044     600        663
  Corona-Norco Unified School District GO 5.000%   8/1/2045   1,200      1,312
  Corona-Norco Unified School District GO 5.000%   8/1/2046   1,220      1,325
10 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 2.875%   8/1/2041   1,800      1,674
10 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.375%   7/1/2043   5,000      4,313
10 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 2.650%  12/1/2046  19,560     16,994
10 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 2.450%   2/1/2047   6,860      5,996
10 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 2.800%   3/1/2047  31,095     27,545
10 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.350%   4/1/2047   9,380      8,217
10 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.500%   5/1/2047   2,200      1,902
10 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.000%   6/1/2048   5,000      3,626
10 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.000%   2/1/2057   5,525      3,898
  Cypress School District GO 0.000%   8/1/2029   1,845      1,687
3 Davis Joint Unified School District GO 3.000%   8/1/2032   4,240      4,223
3 Davis Joint Unified School District GO 3.000%   8/1/2033   4,260      4,218
3 Davis Joint Unified School District GO 3.000%   8/1/2035   3,660      3,517
3 Davis Joint Unified School District GO 3.000%   8/1/2037   1,000        927
  Del Mar Race Track Authority Recreational Revenue 5.000%  10/1/2026   1,475      1,475
  Department of Veterans Affairs Veteran's Farm & Home Purchase Program Local or Guaranteed Housing Revenue 3.450%  12/1/2039   1,030      1,018
  Department of Veterans Affairs Veteran's Farm & Home Purchase Program Local or Guaranteed Housing Revenue 4.850%  12/1/2042   5,500      5,759
28

 

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

($000)
  Department of Veterans Affairs Veteran's Farm & Home Purchase Program Local or Guaranteed Housing Revenue 4.000%  12/1/2049     580        582
  Department of Veterans Affairs Veteran's Farm & Home Purchase Program Local or Guaranteed Housing Revenue 3.000%  12/1/2050   1,075      1,067
  Department of Veterans Affairs Veteran's Farm & Home Purchase Program Local or Guaranteed Housing Revenue 5.500%  12/1/2052   3,910      4,119
  Department of Veterans Affairs Veteran's Farm & Home Purchase Program Local or Guaranteed Housing Revenue 6.250%  12/1/2056   5,430      6,158
  Desert Community College District GO 4.000%   8/1/2043   2,000      2,041
  Desert Community College District GO 4.000%   8/1/2044   3,440      3,478
  Desert Community College District GO 4.000%   8/1/2045   5,635      5,661
  Desert Sands Unified School District GO 5.000%   8/1/2035   1,000      1,026
  Desert Sands Unified School District GO 4.000%   8/1/2044   1,205      1,215
4 Dinuba Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2031   1,325      1,466
4 Dinuba Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2032   1,485      1,665
4 Dinuba Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2033   1,560      1,768
  Dixon CA Special Tax Revenue 4.000%   9/1/2026     170        170
  Dixon CA Special Tax Revenue 4.000%   9/1/2027     175        176
  Dixon CA Special Tax Revenue 4.000%   9/1/2028     205        208
  Dixon CA Special Tax Revenue 4.000%   9/1/2029     130        132
  Dixon CA Special Tax Revenue 4.000%   9/1/2030     125        127
  Dixon CA Special Tax Revenue 4.000%   9/1/2033     425        429
  Dixon CA Special Tax Revenue 4.000%   9/1/2036     200        200
  Dixon CA Special Tax Revenue 4.000%   9/1/2040     400        388
3 Dixon Unified School District GO 3.000%   8/1/2043   1,000        869
  Dry Creek Joint Elementary School District GO 0.000%   8/1/2036   1,690      1,190
  Dry Creek Joint Elementary School District GO 0.000%   8/1/2038   3,640      2,340
  Dublin CA Special Tax Revenue 3.000%   9/1/2026     300        299
  Dublin CA Special Tax Revenue 4.000%   9/1/2028     240        244
  Dublin CA Special Tax Revenue 4.000%   9/1/2030     305        312
  Dublin CA Special Tax Revenue 4.000%   9/1/2031     135        137
  Dublin CA Special Tax Revenue 3.000%   9/1/2033     595        540
  Dublin CA Special Tax Revenue 2.375%   9/1/2035     590        494
  Dublin CA Special Tax Revenue 2.375%   9/1/2036     735        602
  Dublin CA Special Tax Revenue 2.375%   9/1/2037     785        630
  Dublin Unified School District GO 3.000%   8/1/2041   1,150      1,020
  Dublin Unified School District GO 4.000%   8/1/2046   1,000        989
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/2031   1,000      1,031
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/2033   1,300      1,338
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/2034     900        925
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/2035     670        688
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/2036   1,505      1,544
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/2037   1,100      1,127
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2038   4,000      4,457
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2038   7,920      9,310
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2039  10,000     11,678
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2040   1,750      2,011
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2042   1,750      1,976
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2042   1,725      1,947
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2042   2,335      2,664
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2043   1,100      1,235
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2043   2,500      2,806
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2043   4,455      5,051
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2044   1,000      1,113
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2044   1,350      1,502
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2044   2,625      2,948
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2045     850        937
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2045   1,000      1,103
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2045   2,635      2,930
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2046   1,825      2,008
4 East Side Union High School District GO 0.000%   8/1/2027     300        290
  East Side Union High School District GO 2.000%   8/1/2028   7,260      7,109
  East Side Union High School District GO 2.000%   8/1/2029   7,880      7,603
4 East Side Union High School District GO 3.000%   8/1/2029   3,300      3,314
4 East Side Union High School District GO 3.000%   8/1/2031   7,945      7,963
4 East Side Union High School District GO 3.000%   8/1/2032   3,000      3,004
4 East Side Union High School District GO 3.000%   8/1/2036   4,000      3,810
  Eastern Municipal Water District Water Revenue VRDO 2.350%   6/1/2026  29,475     29,475
  El Camino Community College District Foundation GO 0.000%   8/1/2032  10,000      8,310
  El Camino Community College District Foundation GO 0.000%   8/1/2033   3,500      2,807
29

 

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

($000)
  El Camino Community College District Foundation GO 0.000%   8/1/2034   2,000      1,541
  El Camino Community College District Foundation GO 4.000%   8/1/2041   1,000      1,038
  El Camino Community College District Foundation GO 4.000%   8/1/2042   1,025      1,056
  El Camino Community College District Foundation GO 4.000%   8/1/2043   2,750      2,814
2 El Camino Healthcare District GO 0.000%   8/1/2029   2,860      2,613
2 El Camino Healthcare District GO 0.000%   8/1/2030   3,740      3,309
2 El Camino Healthcare District GO 0.000%   8/1/2031   4,410      3,770
  El Camino Healthcare District GO 4.000%   8/1/2033   3,045      3,059
  El Dorado County CA Special Tax Revenue 4.000%   9/1/2028   1,980      1,981
  El Dorado County CA Special Tax Revenue 4.000%   9/1/2031     690        690
  El Dorado Irrigation District COP 5.000%   3/1/2043   1,000      1,080
  El Dorado Irrigation District COP 5.000%   3/1/2044   1,000      1,076
  El Dorado Irrigation District COP 4.000%   3/1/2046   7,600      7,460
4 El Dorado Union High School District GO 5.000%   8/1/2034   2,195      2,251
4 El Dorado Union High School District GO 5.000%   8/1/2035   2,280      2,336
4 El Monte City CA School District GO 0.000%   8/1/2032   1,000        824
4 El Monte City CA School District GO 5.000%   8/1/2040     290        335
4 El Monte City CA School District GO 5.000%   8/1/2042     250        283
4 El Monte City CA School District GO 5.000%   8/1/2044     265        296
4 El Monte City CA School District GO 5.000%   8/1/2046     500        547
  El Monte Union High School District GO 4.000%   6/1/2031     100        101
  El Monte Union High School District GO 4.000%   6/1/2032     185        187
  El Monte Union High School District GO 4.000%   6/1/2033     285        288
  El Monte Union High School District GO 4.000%   6/1/2034     345        348
3 El Rancho Unified School District GO 5.500%   8/1/2026     435        437
3 El Rancho Unified School District GO 5.000%   8/1/2027     110        113
3 El Rancho Unified School District GO 5.500%   8/1/2027     375        389
3 El Rancho Unified School District GO 5.500%   8/1/2028     375        399
9 El Rancho Unified School District GO 0.000%   8/1/2030     475        418
3 El Rancho Unified School District GO 5.500%   8/1/2036     350        410
3 El Rancho Unified School District GO 5.500%   8/1/2036     525        614
3 El Rancho Unified School District GO 5.500%   8/1/2037     320        373
3 El Rancho Unified School District GO 5.500%   8/1/2038     225        260
3 El Rancho Unified School District GO 5.500%   8/1/2039     300        345
3 El Rancho Unified School District GO 5.500%   8/1/2040     625        717
3 El Rancho Unified School District GO 5.500%   8/1/2041     600        684
3 El Rancho Unified School District GO 5.500%   8/1/2042   1,000      1,134
3 El Rancho Unified School District GO 5.500%   8/1/2043     750        847
  El Segundo Unified School District GO 3.000%   8/1/2043   1,000        841
  Elk Grove Finance Authority Special Tax Revenue 4.000%   9/1/2033   1,325      1,324
4 Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/2040   1,195      1,344
4 Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/2043     650        718
3 Elk Grove Unified School District COP 3.000%   2/1/2037     700        664
  Elk Grove Unified School District GO 2.000%   8/1/2037   4,335      3,506
  Elk Grove Unified School District GO 2.000%   8/1/2038   5,055      3,975
  Elk Grove Unified School District GO 2.000%   8/1/2039   4,000      3,078
  Elk Grove Unified School District GO 2.000%   8/1/2040   4,230      3,156
  Elk Grove Unified School District GO 4.000%   8/1/2042   7,000      7,076
  Elk Grove Unified School District GO 4.000%   8/1/2043   2,765      2,787
  Escondido Joint Powers Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/2037   1,325      1,343
4 Escondido Union High School District GO 0.000%   8/1/2026   2,740      2,728
4 Escondido Union High School District GO 0.000%   8/1/2031   4,280      3,654
  Escondido Union High School District GO 0.000%   8/1/2041     620        329
4 Evergreen School District GO 0.000%   8/1/2026   2,200      2,190
  Evergreen School District GO 4.000%   8/1/2035     335        341
4 Fairfield CA COP 0.000%   4/1/2033   3,345      2,678
4 Fairfield CA COP 0.000%   4/1/2034     940        722
4 Fairfield CA COP 0.000%   4/1/2036   3,835      2,696
4 Fairfield CA COP 0.000%   4/1/2038   3,845      2,461
  Fairfield CA Water Revenue 5.000%   4/1/2042   4,845      4,905
  Fairfield Community Facilities District Special Tax Revenue 4.000%   9/1/2036   1,090      1,086
  Fairfield Community Facilities District Special Tax Revenue 4.000%   9/1/2040     285        276
  Fairfield Community Facilities District Special Tax Revenue 4.000%   9/1/2041   1,145      1,076
  Fairfield-Suisun Unified School District BAN GO 0.000%   2/1/2029  12,000     11,192
  Fairfield-Suisun Unified School District GO 2.000%   8/1/2034   5,195      4,506
  Fairfield-Suisun Unified School District GO 2.000%   8/1/2035   5,500      4,676
  Fairfield-Suisun Unified School District GO 2.000%   8/1/2036   5,770      4,796
  Fairfield-Suisun Unified School District GO 2.000%   8/1/2037   6,095      4,961
10,13 FHLMC Multifamily Certificates Local or Guaranteed Housing Revenue TOB VRDO 2.950%   6/1/2026  17,065     17,065
10,13 FHLMC Multifamily Certificates Revenue TOB VRDO 2.950%   6/1/2026  18,545     18,545
30

 

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

($000)
13 FHLMC Multifamily VRD Certificates Local or Guaranteed Housing Revenue 3.050%  4/15/2034   7,030      6,342
13 FHLMC Multifamily VRD Certificates Local or Guaranteed Housing Revenue 2.350% 12/15/2035  13,060     10,608
4 Folsom Cordova Unified School District School Facilities Improvement District No. 3 GO 0.000%  10/1/2033   1,205        963
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/2027      75         76
  Folsom Ranch Financing Authority Special Tax Revenue 5.000%   9/1/2027     485        492
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/2028     150        153
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/2029     170        174
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/2030     100        102
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/2031     100        102
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/2032     100        102
  Folsom Ranch Financing Authority Special Tax Revenue 5.000%   9/1/2032   1,820      1,853
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/2034     115        116
  Folsom Ranch Financing Authority Special Tax Revenue 5.000%   9/1/2039     715        753
  Folsom Ranch Financing Authority Special Tax Revenue 5.000%   9/1/2039     400        424
  Folsom Ranch Financing Authority Special Tax Revenue 5.000%   9/1/2044     750        770
  Fontana CA Special Tax Revenue 4.000%   9/1/2026     500        501
  Fontana CA Special Tax Revenue 4.000%   9/1/2026     110        110
  Fontana CA Special Tax Revenue 5.000%   9/1/2026   1,725      1,732
  Fontana CA Special Tax Revenue 4.000%   9/1/2027     265        268
  Fontana CA Special Tax Revenue 5.000%   9/1/2027   1,810      1,818
  Fontana CA Special Tax Revenue 4.000%   9/1/2028     270        274
  Fontana CA Special Tax Revenue 5.000%   9/1/2028   1,900      1,908
  Fontana CA Special Tax Revenue 4.000%   9/1/2029     270        275
  Fontana CA Special Tax Revenue 4.000%   9/1/2030     280        286
  Fontana CA Special Tax Revenue 4.000%   9/1/2030     140        142
  Fontana CA Special Tax Revenue 5.000%   9/1/2030     155        165
  Fontana CA Special Tax Revenue 4.000%   9/1/2031     200        204
  Fontana CA Special Tax Revenue 4.000%   9/1/2032     250        254
  Fontana CA Special Tax Revenue 5.000%   9/1/2032     170        183
  Fontana CA Special Tax Revenue 4.000%   9/1/2033     410        413
  Fontana CA Special Tax Revenue 5.000%   9/1/2034     120        130
  Fontana CA Special Tax Revenue 5.000%   9/1/2044     750        777
  Fontana Public Facilities Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2043   1,400      1,560
  Fontana Public Facilities Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2044   1,400      1,543
  Fontana Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%  10/1/2030   1,200      1,237
  Fontana Unified School District GO 5.000%   8/1/2042   1,750      1,968
  Fontana Unified School District GO 5.000%   8/1/2043   2,250      2,514
  Fontana Unified School District GO 5.000%   8/1/2044   2,000      2,210
  Fontana Unified School District GO 5.000%   8/1/2045   2,075      2,268
2 Foothill-De Anza Community College District GO 0.000%   8/1/2026   1,000        996
1,2 Foothill-De Anza Community College District GO 0.000%   8/1/2032  17,000     14,291
9 Foothill-De Anza Community College District GO 0.000%   8/1/2033   3,800      3,075
  Foothill-De Anza Community College District GO 3.000%   8/1/2033     425        428
9 Foothill-De Anza Community College District GO 0.000%   8/1/2034  10,000      7,784
  Foothill-De Anza Community College District GO 3.000%   8/1/2035   1,000        987
  Foothill-De Anza Community College District GO 3.000%   8/1/2038   1,000        935
  Foothill-De Anza Community College District GO 2.125%   8/1/2039   1,165        931
  Foothill-De Anza Community College District GO 3.000%   8/1/2039   1,210      1,113
  Foothill-De Anza Community College District GO 2.125%   8/1/2040   1,000        777
  Foothill-De Anza Community College District GO 3.000%   8/1/2040   1,500      1,357
  Foothill-De Anza Community College District GO 2.250%   8/1/2041   1,000        764
  Foothill-De Anza Community College District GO 5.000%   8/1/2043   3,000      3,362
  Foothill-De Anza Community College District GO 5.000%   8/1/2044   3,150      3,492
  Foothill-De Anza Community College District GO 5.000%   8/1/2045   2,800      3,073
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.000%  1/15/2027     700        710
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.000%  1/15/2028     825        856
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.000%  1/15/2029     390        413
4 Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.300%  1/15/2029   2,000      2,142
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.000%  1/15/2030     445        477
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.000%  1/15/2031     745        810
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 4.000%  1/15/2032   1,240      1,288
4 Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.625%  1/15/2032   6,500      7,339
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 0.000%  1/15/2033   5,950      4,817
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 4.000%  1/15/2033   1,395      1,433
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 4.000%  1/15/2033   8,856      9,100
4 Foothill-Eastern Transportation Corridor Agency Highway Revenue 0.000%  1/15/2034   4,730      3,705
4 Foothill-Eastern Transportation Corridor Agency Highway Revenue 0.000%  1/15/2035   2,000      1,503
4 Foothill-Eastern Transportation Corridor Agency Highway Revenue 0.000%  1/15/2037  18,000     12,454
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 4.000%  1/15/2043  11,845     11,688
  Foster City CA (Levee Protection Planning & Improvement Project) GO 4.000%   8/1/2032     275        279
31

 

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

($000)
  Foster City CA (Levee Protection Planning & Improvement Project) GO 3.000%   8/1/2033     500        499
  Foster City CA (Levee Protection Planning & Improvement Project) GO 3.000%   8/1/2035     535        527
  Foster City CA (Levee Protection Planning & Improvement Project) GO 3.000%   8/1/2038     950        894
  Foster City CA (Levee Protection Planning & Improvement Project) GO 3.000%   8/1/2040     830        756
4 Franklin-Mckinley School District GO 0.000%   8/1/2032   3,000      2,393
4 Franklin-Mckinley School District GO 0.000%   8/1/2035   1,840      1,295
  Franklin-Mckinley School District GO 4.000%   8/1/2042   1,885      1,908
13 Freddie Mac Multifamily ML Certificates Local or Guaranteed Housing Revenue 3.350% 11/25/2033  22,923     22,185
13 Freddie Mac Multifamily ML Certificates Local or Guaranteed Housing Revenue 2.493%  7/25/2035   6,427      5,683
10,13 Freddie Mac Multifamily ML Certificates Local or Guaranteed Housing Revenue 2.750% 11/25/2035  28,461     25,819
13 Freddie Mac Multifamily ML Certificates Local or Guaranteed Housing Revenue 2.875%  7/25/2036  27,993     25,809
13 Freddie Mac Multifamily ML Certificates Local or Guaranteed Housing Revenue 2.250%  9/25/2037  28,601     23,874
13 Freddie Mac Multifamily ML Certificates Local or Guaranteed Housing Revenue 1.896% 11/25/2037  16,587     13,363
13 Freddie Mac Multifamily ML Certificates Local or Guaranteed Housing Revenue 3.427% 11/25/2038   3,703      3,473
13 Freddie Mac Pool 3.550%  11/1/2032   4,523      4,400
13 Freddie Mac Pool 3.600%   1/1/2033     896        870
13 Freddie Mac Pool 3.180%   9/1/2033   8,623      8,176
13 Freddie Mac Pool 3.800%  11/1/2034   1,375      1,343
13 Freddie Mac Pool 3.600%   7/1/2040   3,960      3,635
13 Freddie Mac Pool 3.200%   9/1/2040  11,974     10,509
13 Freddie Mac Pool 3.400%  11/1/2040   9,800      8,910
13 Freddie Mac Pool 3.850%   7/1/2041   9,847      9,140
13 Freddie Mac Pool 4.050%   9/1/2041   4,832      4,651
13 Freddie Mac Pool 3.750%   7/1/2042   4,275      4,247
  Fremont Public Financing Authority Lease (Abatement) Revenue 4.000%  10/1/2037   2,040      2,069
  Fremont Union High School District GO 3.000%   8/1/2036   2,000      1,941
  Fremont Union High School District GO 3.000%   8/1/2039   2,125      1,976
  Fremont Union High School District GO 5.000%   8/1/2040   4,650      5,069
  Fremont Union High School District GO 5.000%   8/1/2041   2,930      3,181
  Fremont Union High School District GO 5.000%   8/1/2041   4,920      5,341
  Fremont Union High School District GO 5.000%   8/1/2042   4,915      5,311
  Fremont Union High School District GO 5.000%   8/1/2043   4,460      4,802
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/2029   1,025      1,046
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/2030     745        760
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/2031   3,045      3,103
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/2032   1,500      1,528
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/2033     500        543
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 4.000%   4/1/2034     500        510
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/2034   2,460      2,503
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 4.000%   4/1/2035     550        560
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 4.000%   4/1/2036     555        564
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/2036   2,055      2,088
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 4.000%   4/1/2037     655        666
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/2037   1,200      1,218
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 4.000%   4/1/2038     585        595
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 4.000%   4/1/2039     620        629
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 4.000%   4/1/2040     550        556
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Public Safety Projects) 5.000%   4/1/2035     500        583
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Public Safety Projects) 5.000%   4/1/2036     580        670
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Public Safety Projects) 5.000%   4/1/2037     500        573
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Public Safety Projects) 5.000%   4/1/2038     620        705
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Public Safety Projects) 5.000%   4/1/2039     680        769
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Public Safety Projects) 5.000%   4/1/2040     845        947
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Public Safety Projects) 5.000%   4/1/2041     800        891
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Public Safety Projects) 5.000%   4/1/2042   1,000      1,105
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Public Safety Projects) 5.000%   4/1/2043   1,630      1,794
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Public Safety Projects) 5.000%   4/1/2044   1,920      2,096
4 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Public Safety Projects) 5.000%   4/1/2045   1,345      1,456
  Fresno Unified School District GO 4.000%   8/1/2029     550        567
  Fresno Unified School District GO 4.000%   8/1/2030     570        586
  Fresno Unified School District GO 4.000%   8/1/2031     485        498
  Fresno Unified School District GO 4.000%   8/1/2032     385        394
  Fresno Unified School District GO 3.000%   8/1/2033   1,000        993
  Fresno Unified School District GO 4.000%   8/1/2033     665        679
  Fresno Unified School District GO 3.000%   8/1/2034   1,215      1,185
  Fresno Unified School District GO 4.000%   8/1/2034     450        459
  Fresno Unified School District GO 3.000%   8/1/2035     685        662
  Fresno Unified School District GO 3.000%   8/1/2035   1,600      1,542
  Fresno Unified School District GO 4.000%   8/1/2036     670        681
  Fresno Unified School District GO 3.000%   8/1/2037   1,125      1,056
32

 

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

($000)
  Fresno Unified School District GO 3.000%   8/1/2038   1,260      1,167
  Fresno Unified School District GO 4.000%   8/1/2038   1,000      1,011
  Fresno Unified School District GO 5.000%   8/1/2039     900        965
  Fresno Unified School District GO 3.000%   8/1/2040   1,780      1,593
  Fresno Unified School District GO 5.000%   8/1/2041     500        533
  Fresno Unified School District GO 5.000%   8/1/2042     500        532
  Fullerton Joint Union High School District GO 4.000%   8/1/2044   1,000      1,007
3 Fullerton Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%   9/1/2027   3,225      3,276
3 Garden Grove Public Financing Authority Lease (Abatement) Revenue 5.000%   4/1/2041   1,000      1,117
3 Garden Grove Public Financing Authority Lease (Abatement) Revenue 5.000%   4/1/2042   1,475      1,636
3 Garden Grove Public Financing Authority Lease (Abatement) Revenue 5.000%   4/1/2043   1,000      1,102
3 Garden Grove Public Financing Authority Lease (Abatement) Revenue 5.000%   4/1/2044   1,000      1,092
2 Gateway CA Unified School District GO 0.000%   8/1/2037   1,745      1,159
  Gavilan Joint Community College District GO 3.000%   8/1/2037   1,000        939
  Gavilan Joint Community College District GO 3.000%   8/1/2038   1,365      1,269
  Gavilan Joint Community College District GO 3.000%   8/1/2039   1,480      1,354
  Gavilan Joint Community College District GO 3.000%   8/1/2040   1,605      1,428
  Glendale CA Electric Power & Light Revenue 5.000%   2/1/2043     635        687
  Glendale CA Electric Power & Light Revenue 5.000%   2/1/2044   3,040      3,274
  Glendale CA Electric Power & Light Revenue 5.000%   2/1/2044   5,120      5,558
  Glendale CA Electric Power & Light Revenue 5.000%   2/1/2046   6,700      7,179
  Glendale Community College District GO 0.000%   8/1/2026     360        358
  Glendale Community College District GO 0.000%   8/1/2027     515        498
  Glendale Community College District GO 0.000%   8/1/2028     780        731
  Glendale Community College District GO 0.000%   8/1/2029     570        518
  Glendale Community College District GO 0.000%   8/1/2030     910        798
  Glendale Community College District GO 0.000%   8/1/2031     900        762
  Glendale Community College District GO 0.000%   8/1/2032   1,005        820
4 Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, ETM 0.000%   6/1/2026   1,500      1,500
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, ETM 5.000%   6/1/2026  15,000     15,000
9 Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, ETM 0.000%   6/1/2027  10,745     10,487
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, ETM 5.000%   6/1/2027  24,625     25,247
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/2028  19,835     20,837
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/2028   6,195      6,508
9 Grossmont Healthcare District GO 0.000%  7/15/2032   5,300      4,406
3,9 Grossmont Healthcare District GO 0.000%  7/15/2033   4,045      3,245
  Grossmont Healthcare District GO 5.000%  7/15/2039   6,190      7,107
  Grossmont Healthcare District GO 5.000%  7/15/2040   3,710      4,218
  Grossmont Union High School District GO 0.000%   8/1/2028   3,210      3,040
  Grossmont Union High School District GO 0.000%   8/1/2029   6,965      6,411
2 Grossmont Union High School District GO 0.000%   8/1/2030  20,695     18,360
  Grossmont Union High School District GO 0.000%   8/1/2032   5,655      4,717
4 Grossmont-Cuyamaca Community College District GO 0.000%   8/1/2028  21,875     20,638
  Grossmont-Cuyamaca Community College District GO 5.000%   8/1/2036   1,150      1,204
  Grossmont-Cuyamaca Community College District GO 5.000%   8/1/2037   1,175      1,228
  Grossmont-Cuyamaca Community College District GO 5.000%   8/1/2038   1,350      1,408
  Grossmont-Cuyamaca Community College District GO 4.000%   8/1/2041     625        634
  Grossmont-Cuyamaca Community College District GO 5.000%   8/1/2044   3,500      3,600
  Hacienda La Puente County CA Unified School District GO 4.000%   8/1/2040   3,350      3,417
  Hacienda La Puente County CA Unified School District GO 4.000%   8/1/2041   1,800      1,829
  Hacienda La Puente County CA Unified School District GO 4.000%   8/1/2042   2,080      2,100
  Hacienda La Puente County CA Unified School District GO 4.000%   8/1/2043   1,700      1,711
4 Hanford Joint Union High School District GO 0.000%   8/1/2034   3,775      2,894
  Hartnell CA Community College District GO 0.000%   8/1/2037   1,200        750
  Hartnell CA Community College District GO 3.000%   8/1/2038     380        357
  Hartnell CA Community College District GO 3.000%   8/1/2039   1,680      1,558
  Hartnell CA Community College District GO 3.000%   8/1/2040     635        574
10 Hastings Campus Housing Finance Authority Local or Guaranteed Housing Revenue 5.000%   7/1/2045   7,400      7,193
  Hayward CA COP 5.000%  11/1/2027   1,000      1,037
  Hayward CA COP 5.000%  11/1/2028   1,000      1,065
  Hayward CA COP 5.000%  11/1/2029   1,000      1,090
  Hayward CA COP 5.000%  11/1/2030   1,000      1,113
  Hayward CA COP 5.000%  11/1/2031   1,000      1,133
  Hayward CA COP 5.000%  11/1/2032   1,000      1,151
  Hayward CA Sewer Revenue 4.000%   3/1/2043   4,385      4,455
  Hayward CA Sewer Revenue 4.000%   3/1/2044   3,660      3,697
  Hayward Unified School District COP 5.000%   8/1/2035     585        597
  Hayward Unified School District COP 5.000%   8/1/2036   1,360      1,386
  Hayward Unified School District COP 5.000%   8/1/2037   1,000      1,018
  Hayward Unified School District COP 5.000%   8/1/2038   1,000      1,018
33

 

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

($000)
  Hayward Unified School District COP 5.000%   8/1/2039   2,035      2,070
  Hayward Unified School District COP 5.250%   8/1/2040   2,295      2,339
  Hayward Unified School District COP 5.250%   8/1/2041   2,575      2,622
  Hayward Unified School District COP 5.250%   8/1/2042   2,875      2,925
4 Hayward Unified School District GO 0.000%   8/1/2026     640        637
4 Hayward Unified School District GO 0.000%   8/1/2033   1,045        837
4 Hayward Unified School District GO 0.000%   8/1/2034   1,025        788
4 Hayward Unified School District GO 5.000%   8/1/2034   3,000      3,519
3 Hayward Unified School District GO 4.000%   8/1/2035   1,830      1,855
4 Hayward Unified School District GO 5.000%   8/1/2035   2,750      3,258
4 Hayward Unified School District GO 4.000%   8/1/2036     995      1,015
4 Hayward Unified School District GO 5.000%   8/1/2036   1,000      1,171
4 Hayward Unified School District GO 4.000%   8/1/2037     815        829
4 Hayward Unified School District GO 4.000%   8/1/2038   1,540      1,562
3 Hayward Unified School District GO 4.000%   8/1/2038   1,000      1,031
4 Hayward Unified School District GO 5.000%   8/1/2038   1,000      1,151
3 Hayward Unified School District GO 4.000%   8/1/2039   1,125      1,154
4 Hayward Unified School District GO 4.000%   8/1/2040   4,435      4,484
3 Hayward Unified School District GO 4.000%   8/1/2040   1,345      1,374
3 Hayward Unified School District GO 4.000%   8/1/2041   1,350      1,374
3 Hayward Unified School District GO 4.000%   8/1/2042   1,325      1,343
3 Hayward Unified School District GO 5.000%   8/1/2042     925      1,036
3 Hayward Unified School District GO 5.000%   8/1/2043   1,250      1,389
3 Hayward Unified School District GO 5.000%   8/1/2044   1,750      1,929
3 Hayward Unified School District GO 5.000%   8/1/2045   1,500      1,639
3 Hayward Unified School District GO 5.000%   8/1/2046   1,155      1,251
4 Hemet Unified School District GO 3.000%   8/1/2032   1,205      1,205
4 Hemet Unified School District GO 3.000%   8/1/2033   1,310      1,300
4 Hemet Unified School District GO 3.000%   8/1/2035   1,535      1,490
4 Hemet Unified School District GO 3.000%   8/1/2036   1,660      1,584
4 Hemet Unified School District GO 3.000%   8/1/2038   1,925      1,779
4 Hemet Unified School District GO 3.000%   8/1/2040   2,220      1,996
4 Hemet Unified School District GO 3.000%   8/1/2041   2,380      2,129
3 Hollister Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Hollister Community Development Project) 5.000%  10/1/2027   1,000      1,007
  Hope Elementary School District GO 0.000%   8/1/2029     660        603
  Hope Elementary School District GO 0.000%   8/1/2030     500        442
  Hughson Unified School District GO 0.000%   8/1/2040     500        286
  Hughson Unified School District GO 0.000%   8/1/2041     500        271
  Hughson Unified School District GO 0.000%   8/1/2042     595        304
  Hughson Unified School District GO 0.000%   8/1/2043   1,185        567
  Hughson Unified School District GO 0.000%   8/1/2044   1,000        448
  Hughson Unified School District GO 0.000%   8/1/2045   1,370        575
  Hughson Unified School District GO 0.000%   8/1/2046   1,170        459
2 Huntington Beach Union High School District GO 0.000%   8/1/2031  11,000      9,399
2 Huntington Beach Union High School District GO 0.000%   8/1/2033  11,575      9,203
1,4 Huntington Beach Union High School District GO 0.000%   8/1/2034   1,390      1,065
2 Huntington Beach Union High School District GO 0.000%   8/1/2035   7,320      5,349
3 Imperial Community College District GO 0.000%   8/1/2026   1,005      1,000
3 Imperial Community College District GO 0.000%   8/1/2027   1,580      1,524
3 Imperial Community College District GO 0.000%   8/1/2028   1,885      1,758
3 Imperial Community College District GO 0.000%   8/1/2029   2,000      1,797
2 Imperial Community College District GO 0.000%   8/1/2030     330        290
4 Imperial Community College District GO 0.000%   8/1/2033   1,210        959
  Imperial Irrigation District Electric System Electric Power & Light Revenue 4.000%  11/1/2032   2,500      2,538
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/2041   1,440      1,633
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/2042   1,850      2,080
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/2043   1,735      1,939
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/2045     880        963
4,10 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/2026     185        185
4,10 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/2027     185        187
4,10 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/2028     270        274
4,10 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/2029     305        312
4,10 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/2030     285        293
4,10 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/2031     220        227
4,10 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/2036     600        606
4,10 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/2041   1,045      1,056
3 Inglewood Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 5.000%   5/1/2027     500        510
34

 

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

($000)
3 Inglewood Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 5.000%   5/1/2029   1,215      1,240
3 Inglewood Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 5.000%   5/1/2030   1,020      1,041
3 Inglewood Unified School District GO 4.000%   8/1/2027     250        254
3 Inglewood Unified School District GO 5.000%   8/1/2029     350        360
3 Inglewood Unified School District GO 5.000%   8/1/2030     400        411
3 Inglewood Unified School District GO 5.000%   8/1/2033     500        513
3 Inglewood Unified School District GO 5.000%   8/1/2034     600        615
  Inglewood Unified School District GO 5.500%   8/1/2036   1,000      1,194
3 Inglewood Unified School District GO 4.000%   8/1/2037     260        261
  Inglewood Unified School District GO 5.500%   8/1/2038   1,225      1,440
  Inglewood Unified School District GO 5.500%   8/1/2039   3,505      4,094
  Inglewood Unified School District GO 5.500%   8/1/2041   4,170      4,812
  Inglewood Unified School District GO 5.500%   8/1/2043   1,700      1,936
  Irvine CA Special Assessment Revenue 4.000%   9/2/2026     500        501
  Irvine CA Special Assessment Revenue 5.000%   9/2/2026     300        302
  Irvine CA Special Assessment Revenue 5.000%   9/2/2027     375        386
  Irvine CA Special Assessment Revenue 4.000%   9/2/2028   1,425      1,462
  Irvine CA Special Assessment Revenue 5.000%   9/2/2028     520        546
  Irvine CA Special Assessment Revenue 5.000%   9/2/2029     500        535
3 Irvine CA Special Assessment Revenue 4.000%   9/2/2030   1,300      1,383
  Irvine CA Special Assessment Revenue 5.000%   9/2/2030     330        352
3 Irvine CA Special Assessment Revenue 4.000%   9/2/2032   1,000      1,047
3 Irvine CA Special Assessment Revenue 4.000%   9/2/2033     275        287
3 Irvine CA Special Assessment Revenue 4.000%   9/2/2034     450        467
3 Irvine CA Special Assessment Revenue 4.000%   9/2/2035     400        413
3 Irvine CA Special Assessment Revenue 4.000%   9/2/2036     250        257
3 Irvine CA Special Assessment Revenue 4.000%   9/2/2037     275        281
3 Irvine CA Special Assessment Revenue 4.000%   9/2/2038     350        358
3 Irvine CA Special Assessment Revenue 4.000%   9/2/2039     500        508
7 Irvine CA Special Assessment Revenue VRDO 2.250%   6/1/2026   1,400      1,400
4 Irvine CA Special Tax Revenue 5.000%   9/1/2037     330        385
4 Irvine CA Special Tax Revenue 5.000%   9/1/2038     250        290
4 Irvine CA Special Tax Revenue 5.000%   9/1/2039     250        289
4 Irvine CA Special Tax Revenue 5.000%   9/1/2040     300        344
4 Irvine CA Special Tax Revenue 5.000%   9/1/2041     225        257
4 Irvine CA Special Tax Revenue 5.000%   9/1/2042     350        397
4 Irvine CA Special Tax Revenue 5.000%   9/1/2043     600        677
4 Irvine CA Special Tax Revenue 5.000%   9/1/2044     600        671
  Irvine Facilities Financing Authority Lease (Abatement) Revenue (Gateway Preserve Land Acquisition Project) 5.000%   5/1/2037   2,750      2,757
  Irvine Facilities Financing Authority Lease (Abatement) Revenue (Gateway Preserve Land Acquisition Project) 5.000%   5/1/2038   2,500      2,506
  Irvine Facilities Financing Authority Lease (Abatement) Revenue (Gateway Preserve Land Acquisition Project) 5.250%   5/1/2043   5,000      5,011
7 Irvine Ranch Water District Special Assessment Revenue VRDO 2.300%   6/1/2026  16,790     16,790
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2026   1,295      1,301
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2027     150        153
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2028     525        535
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2029     360        379
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2030     385        392
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2030     200        210
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2031     200        204
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2031     350        367
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2032     450        458
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2032     525        534
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2033   1,085      1,102
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2033     250        254
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2033     410        428
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2035     510        517
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2035     250        259
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2036     350        354
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/2036     265        274
  Irvine Unified School District Special Tax Revenue 4.000%   9/1/2037     560        560
  Irvine Unified School District Special Tax Revenue 4.000%   9/1/2038     275        273
  Irvine Unified School District Special Tax Revenue 4.000%   9/1/2039     250        246
3 Jefferson Union High School District (Teachers & Staff Housing Project) COP 4.000%   8/1/2029      90         94
3 Jefferson Union High School District (Teachers & Staff Housing Project) COP 4.000%   8/1/2030     100        105
3 Jefferson Union High School District (Teachers & Staff Housing Project) COP 4.000%   8/1/2031     150        157
3 Jefferson Union High School District (Teachers & Staff Housing Project) COP 4.000%   8/1/2032     100        104
3 Jefferson Union High School District (Teachers & Staff Housing Project) COP 4.000%   8/1/2033     150        156
3 Jefferson Union High School District (Teachers & Staff Housing Project) COP 4.000%   8/1/2034     100        104
35

 

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

($000)
3 Jefferson Union High School District (Teachers & Staff Housing Project) COP 4.000%   8/1/2035     355        366
3 Jefferson Union High School District (Teachers & Staff Housing Project) COP 4.000%   8/1/2036     640        658
3 Jefferson Union High School District (Teachers & Staff Housing Project) COP 4.000%   8/1/2040   1,025      1,040
  Jefferson Union High School District GO 4.000%   8/1/2033     200        203
  Jefferson Union High School District GO 4.000%   8/1/2034     125        127
  Jefferson Union High School District GO 3.000%   8/1/2035     150        145
  Jefferson Union High School District GO 3.000%   8/1/2036     250        237
  Jefferson Union High School District GO 3.000%   8/1/2037     275        259
  Jefferson Union High School District GO 5.000%   8/1/2040     340        378
  Jefferson Union High School District GO 5.000%   8/1/2041   1,000      1,105
  Jefferson Union High School District GO 5.000%   8/1/2042     750        823
  Jefferson Union High School District GO 5.000%   8/1/2042   1,075      1,205
  Jefferson Union High School District GO 5.000%   8/1/2043     500        546
  Jefferson Union High School District GO 5.000%   8/1/2043   1,340      1,491
  Jefferson Union High School District GO 5.000%   8/1/2044     750        813
  Jefferson Union High School District GO 5.000%   8/1/2044   1,480      1,633
  Jefferson Union High School District GO 5.000%   8/1/2045   2,000      2,186
  Jurupa Community Services District Special Tax Revenue 4.000%   9/1/2028     100        102
  Jurupa Community Services District Special Tax Revenue 4.000%   9/1/2030     100        102
  Jurupa Community Services District Special Tax Revenue 4.000%   9/1/2033     100        101
3 Jurupa Public Financing Authority Special Tax Revenue 4.000%   9/1/2028   1,690      1,750
3 Jurupa Public Financing Authority Special Tax Revenue 4.000%   9/1/2037     605        619
  Kaweah Delta Health Care District Guild Health, Hospital, Nursing Home Revenue 3.750%   6/1/2035     375        343
  Kaweah Delta Health Care District Guild Health, Hospital, Nursing Home Revenue 4.000%   6/1/2036   4,930      4,531
  Kaweah Delta Health Care District Guild Health, Hospital, Nursing Home Revenue 4.000%   6/1/2045   3,905      3,109
2 Kern Community College District GO 0.000%  11/1/2027   7,375      7,090
4 Kern Community College District GO 0.000%  11/1/2029   4,160      3,763
  Kern Community College District GO 5.250%   8/1/2039   1,400      1,565
  Kern Community College District GO 5.250%   8/1/2040   1,200      1,334
  Kern Community College District GO 5.250%   8/1/2041   1,000      1,108
  Kern High School District GO 5.000%   8/1/2028   1,000      1,059
  Kern High School District GO 5.000%   8/1/2029     750        813
  La Canada Unified School District GO 4.000%   8/1/2033     510        522
3 La Mesa-Spring Valley School District GO 4.000%   8/1/2029     150        152
3 La Mesa-Spring Valley School District GO 4.000%   8/1/2030     200        203
3 La Mesa-Spring Valley School District GO 4.000%   8/1/2031     225        228
  La Mesa-Spring Valley School District GO 4.000%   8/1/2042     375        379
  La Mesa-Spring Valley School District GO 4.000%   8/1/2043     500        503
4 Lake Elsinore Facilities Financing Authority Successor Agency Special Tax Revenue 5.000%   9/1/2037   1,200      1,383
4 Lake Elsinore Facilities Financing Authority Successor Agency Special Tax Revenue 5.000%   9/1/2039   1,000      1,141
2 Lake Tahoe Unified School District GO 0.000%   8/1/2027   1,585      1,537
  Lammersville Joint Unified School District Special Tax Revenue 4.000%   9/1/2037     500        501
  Lammersville Joint Unified School District Special Tax Revenue 5.000%   9/1/2040   1,300      1,372
  Lammersville Joint Unified School District Special Tax Revenue 5.000%   9/1/2041   1,000      1,045
  Lammersville Joint Unified School District Special Tax Revenue 5.000%   9/1/2046   1,650      1,689
3,10 Lancaster CA School District GO TOB VRDO 2.700%   6/1/2026   3,280      3,280
4 Lancaster Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Combined Redevelopment Project) 4.000%   8/1/2026   1,355      1,357
4 Lancaster Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Combined Redevelopment Project) 4.000%   8/1/2028   1,850      1,854
4 Lancaster Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Combined Redevelopment Project) 5.000%   8/1/2030   1,000      1,004
4 Lancaster Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Combined Redevelopment Project) 5.000%   8/1/2033   1,200      1,204
  Las Virgenes Unified School District GO 5.000%   8/1/2044   4,425      4,821
  Liberty Union High School District GO 4.000%   8/1/2030     750        761
4 Liberty Union High School District GO 0.000%   8/1/2031   4,445      3,800
  Liberty Union High School District GO 4.000%   8/1/2031     565        573
  Liberty Union High School District GO 4.000%   8/1/2032     250        256
  Liberty Union High School District GO 3.000%   8/1/2035     670        647
  Liberty Union High School District GO 3.000%   8/1/2037     825        775
  Liberty Union High School District GO 3.000%   8/1/2038     900        837
  Liberty Union High School District GO 3.000%   8/1/2039   1,000        915
  Liberty Union High School District GO 3.000%   8/1/2040   1,000        890
  Liberty Union High School District GO 3.000%   8/1/2041   1,670      1,464
4 Lincoln CA Special Tax Revenue 5.000%   9/1/2026   1,000      1,005
4 Lincoln CA Special Tax Revenue 5.000%   9/1/2027   1,040      1,069
4 Lincoln CA Special Tax Revenue 5.000%   9/1/2028   1,270      1,331
4 Lincoln CA Special Tax Revenue 5.000%   9/1/2029   2,540      2,654
4 Lincoln CA Special Tax Revenue 5.000%   9/1/2030   3,305      3,450
36

 

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

($000)
4 Lincoln CA Special Tax Revenue 5.000%   9/1/2031   3,405      3,552
4 Lincoln CA Special Tax Revenue 3.125%   9/1/2033   2,480      2,472
4 Lincoln CA Special Tax Revenue 5.000%   9/1/2033   1,625      1,692
4 Lincoln CA Special Tax Revenue 3.250%   9/1/2034   1,375      1,373
  Lincoln CA Special Tax Revenue 5.000%   9/1/2040   1,130      1,181
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/2030     100        100
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/2032     350        350
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/2035     325        331
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/2036     485        493
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/2037     525        534
3 Livermore Valley CA Joint Unified School District GO 4.000%   8/1/2047   1,130      1,075
  Livermore Valley Water Financing Authority Intergovernmental Agreement Revenue 5.000%   7/1/2032     720        739
  Livermore Valley Water Financing Authority Intergovernmental Agreement Revenue 5.000%   7/1/2033     700        718
  Livermore Valley Water Financing Authority Intergovernmental Agreement Revenue 5.000%   7/1/2035     600        614
4 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2026     800        800
4 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 4.000%   8/1/2027     595        605
4 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 4.000%   8/1/2029     355        369
4 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2030     645        646
4 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2031     445        444
4 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2032     270        269
4 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2033     230        227
3 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 4.000%   8/1/2033     670        683
4 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2036     810        764
3 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2037   1,000        926
4 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2037   1,675      1,546
3 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2038   1,250      1,140
4 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2039   1,795      1,603
3 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2040   1,175      1,040
4 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2041     960        844
3 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 5.000%   8/1/2045   1,915      2,068
4 Lodi Public Financing Authority Intergovernmental Agreement Revenue 5.000%   9/1/2028   1,330      1,405
4 Lodi Public Financing Authority Intergovernmental Agreement Revenue 5.000%   9/1/2029     700        738
  Lompoc Valley Medical Center Health, Hospital, Nursing Home Revenue 5.000%   2/1/2030     400        415
  Lompoc Valley Medical Center Health, Hospital, Nursing Home Revenue 5.000%   2/1/2031     510        531
  Lompoc Valley Medical Center Health, Hospital, Nursing Home Revenue 5.000%   2/1/2032     855        893
  Lompoc Valley Medical Center Health, Hospital, Nursing Home Revenue 5.000%   2/1/2033     825        862
  Lompoc Valley Medical Center Health, Hospital, Nursing Home Revenue 5.000%   2/1/2034     475        497
  Lompoc Valley Medical Center Health, Hospital, Nursing Home Revenue 5.000%   2/1/2035     320        336
  Lompoc Valley Medical Center Health, Hospital, Nursing Home Revenue 5.000%   2/1/2036     345        361
  Lompoc Valley Medical Center Health, Hospital, Nursing Home Revenue 5.000%   2/1/2041     460        472
  Lompoc Valley Medical Center Health, Hospital, Nursing Home Revenue 5.000%   2/1/2046     650        648
  Long Beach Bond Finance Authority Natural Gas Revenue 5.500% 11/15/2027     140        145
  Long Beach Bond Finance Authority Natural Gas Revenue 5.500% 11/15/2030   5,680      6,195
  Long Beach Bond Finance Authority Natural Gas Revenue 5.500% 11/15/2032   3,445      3,853
  Long Beach Bond Finance Authority Natural Gas Revenue 5.000% 11/15/2035   3,015      3,323
  Long Beach Bond Finance Authority Natural Gas Revenue 5.500% 11/15/2037  17,245     19,688
8 Long Beach Bond Finance Authority Natural Gas Revenue, 67% of TSFR3M + 1.430% 4.051% 11/15/2026  10,010     10,034
4 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/2033     500        569
4 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/2034     500        566
4 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/2035     500        564
4 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/2035     575        649
  Long Beach CA Harbor Port, Airport & Marina Revenue 5.000%  5/15/2038   1,225      1,293
  Long Beach Community College District GO 4.000%   8/1/2031   1,230      1,249
  Long Beach Community College District GO 4.000%   8/1/2034     600        606
  Long Beach Community College District GO 4.000%   8/1/2035     705        717
  Long Beach Community College District GO 3.000%   8/1/2037   2,860      2,662
  Long Beach Community College District GO 3.000%   8/1/2038   3,160      2,878
  Long Beach Community College District GO 3.000%   8/1/2039   3,395      3,038
  Long Beach Community College District GO 3.000%   8/1/2039   1,115        998
  Long Beach Community College District GO 3.000%   8/1/2040   1,500      1,307
  Long Beach Community College District GO 3.000%   8/1/2040   3,810      3,319
  Long Beach Community College District GO 3.000%   8/1/2041   2,460      2,119
  Long Beach Community College District GO 3.000%   8/1/2041   2,165      1,864
4 Long Beach Community College District GO, ETM 0.000%   6/1/2029     960        884
  Long Beach Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%   8/1/2026     150        150
  Long Beach Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%   8/1/2027     150        152
  Long Beach Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%   8/1/2029     200        208
  Long Beach Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%   8/1/2030     200        209
  Long Beach Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%   8/1/2031     230        240
  Long Beach Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%   8/1/2032     375        390
37

 

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

($000)
  Long Beach Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%   8/1/2034     350        362
4 Long Beach Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%   8/1/2037     400        409
4 Long Beach Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%   8/1/2038     430        438
4 Long Beach Unified School District GO 0.000%   8/1/2026   1,450      1,443
4 Long Beach Unified School District GO 0.000%   8/1/2030   4,260      3,758
4 Long Beach Unified School District GO 0.000%   8/1/2031   2,890      2,462
4 Long Beach Unified School District GO 0.000%   8/1/2032   2,290      1,882
4 Long Beach Unified School District GO 0.000%   8/1/2033   5,250      4,157
  Long Beach Unified School District GO 3.000%   8/1/2035   1,140      1,117
  Long Beach Unified School District GO 3.000%   8/1/2036   2,080      1,999
  Long Beach Unified School District GO 3.000%   8/1/2039   2,840      2,597
  Long Beach Unified School District GO 3.000%   8/1/2040   3,105      2,763
  Long Beach Unified School District GO 3.000%   8/1/2042   3,000      2,568
  Long Beach Unified School District GO 5.000%   8/1/2043   3,440      3,880
  Long Beach Unified School District GO 5.000%   8/1/2043   3,085      3,479
  Los Alamitos Unified School District GO 0.000%   8/1/2029     800        732
  Los Alamitos Unified School District GO 0.000%   8/1/2031     550        471
  Los Alamitos Unified School District GO 0.000%   8/1/2034   1,925      1,476
  Los Angeles CA Community College District GO 5.000%   8/1/2027     615        633
  Los Angeles CA Community College District GO 5.000%   8/1/2029   8,000      8,659
  Los Angeles CA Community College District GO 5.000%   8/1/2030   7,500      8,292
  Los Angeles CA Community College District GO 4.000%   8/1/2031   8,575      8,705
  Los Angeles CA Community College District GO 5.000%   8/1/2031   7,500      8,435
  Los Angeles CA Community College District GO 4.000%   8/1/2033   1,925      1,949
  Los Angeles CA Community College District GO 4.000%   8/1/2034   3,500      3,538
  Los Angeles CA Community College District GO 4.000%   8/1/2035   4,065      4,102
  Los Angeles CA Community College District GO 3.000%   8/1/2039     715        649
  Los Angeles CA County Community Facilities District No. 2021-01 Special Tax Revenue 5.000%   9/1/2039     850        908
  Los Angeles CA County Community Facilities District No. 2021-01 Special Tax Revenue 5.000%   9/1/2042   1,500      1,559
  Los Angeles CA County Community Facilities District No. 2021-01 Special Tax Revenue 5.000%   9/1/2044   1,400      1,455
  Los Angeles CA Unified School District COP 5.000%  10/1/2027     810        836
  Los Angeles CA Unified School District COP 5.000%  10/1/2028   1,705      1,801
  Los Angeles CA Unified School District COP 5.000%  10/1/2029   2,325      2,506
3 Los Angeles CA Unified School District COP 4.000%  10/1/2033     520        545
  Los Angeles CA Unified School District COP, ETM 5.000%  10/1/2027   1,190      1,232
  Los Angeles CA Unified School District COP, ETM 5.000%  10/1/2028   2,495      2,647
  Los Angeles CA Unified School District COP, ETM 5.000%  10/1/2029   3,400      3,685
  Los Angeles CA Unified School District GO 5.000%   7/1/2028   4,395      4,631
3 Los Angeles CA Unified School District GO 5.000%   7/1/2032   3,000      3,114
  Los Angeles CA Unified School District GO 5.000%   7/1/2032  14,780     16,744
3 Los Angeles CA Unified School District GO 5.000%   7/1/2033   5,080      5,267
  Los Angeles CA Unified School District GO 5.000%   7/1/2033  20,000     22,898
3 Los Angeles CA Unified School District GO 5.000%   7/1/2034  10,000     10,351
  Los Angeles CA Unified School District GO 5.000%   7/1/2034  14,205     16,434
  Los Angeles CA Unified School District GO 4.000%   7/1/2035   3,075      3,196
3 Los Angeles CA Unified School District GO 5.000%   7/1/2035  10,000     10,337
  Los Angeles CA Unified School District GO 4.000%   7/1/2036   3,400      3,514
  Los Angeles CA Unified School District GO 4.000%   7/1/2036   2,600      2,717
3 Los Angeles CA Unified School District GO 5.000%   7/1/2036   5,600      5,783
  Los Angeles CA Unified School District GO 4.000%   7/1/2037   8,190      8,434
3 Los Angeles CA Unified School District GO 5.000%   7/1/2037   5,870      6,055
  Los Angeles CA Unified School District GO 5.000%   7/1/2037   1,000      1,031
  Los Angeles CA Unified School District GO 5.000%   7/1/2037  10,000     11,516
  Los Angeles CA Unified School District GO 4.000%   7/1/2038  10,375     10,639
3 Los Angeles CA Unified School District GO 5.000%   7/1/2038   5,120      5,277
  Los Angeles CA Unified School District GO 5.000%   7/1/2038   4,000      4,120
  Los Angeles CA Unified School District GO 5.000%   7/1/2038   2,480      2,751
  Los Angeles CA Unified School District GO 4.000%   7/1/2039   4,000      4,091
  Los Angeles CA Unified School District GO 4.000%   7/1/2039   4,070      4,162
  Los Angeles CA Unified School District GO 4.000%   7/1/2039  10,000     10,303
  Los Angeles CA Unified School District GO 5.000%   7/1/2039   3,750      4,143
  Los Angeles CA Unified School District GO 5.000%   7/1/2039  15,350     17,488
  Los Angeles CA Unified School District GO 4.000%   7/1/2040   2,275      2,317
  Los Angeles CA Unified School District GO 4.000%   7/1/2040   4,100      4,176
  Los Angeles CA Unified School District GO 4.000%   7/1/2040   4,050      4,150
  Los Angeles CA Unified School District GO 5.000%   7/1/2040   1,500      1,652
  Los Angeles CA Unified School District GO 4.000%   7/1/2041   5,465      5,579
  Los Angeles CA Unified School District GO 5.000%   7/1/2041   1,335      1,464
  Los Angeles CA Unified School District GO 5.000%   7/1/2041   3,000      3,328
  Los Angeles CA Unified School District GO 5.000%   7/1/2042   2,975      3,246
38

 

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

($000)
  Los Angeles CA Unified School District GO 5.000%   7/1/2043   2,000      2,194
  Los Angeles CA Unified School District GO 4.000%   7/1/2044   9,040      9,080
  Los Angeles CA Unified School District GO 4.000%   7/1/2044   3,355      3,370
  Los Angeles CA Unified School District GO 5.000%   7/1/2044   1,800      1,978
  Los Angeles CA Unified School District GO 5.000%   7/1/2044   5,000      5,518
  Los Angeles CA Unified School District GO 5.000%   7/1/2045   1,000      1,090
  Los Angeles CA Unified School District GO 5.000%   7/1/2045   5,000      5,472
  Los Angeles CA Unified School District GO 5.000%   7/1/2045  15,955     17,529
  Los Angeles CA Unified School District GO 4.000%   7/1/2046   5,000      4,942
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2034   2,385      2,438
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2035   2,840      2,902
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2035   2,985      3,050
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2036   3,000      3,065
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2036   6,250      6,385
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2036  10,000     11,712
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2037   7,000      7,145
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2037   3,675      3,751
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2037   8,580      9,969
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2043   5,320      5,487
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2043   3,000      3,344
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2043   6,000      6,712
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2044   4,785      5,295
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2044  10,000     11,091
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2045   3,000      3,292
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2045  10,000     10,999
7,10 Los Angeles California Multifamily Mortgage Revenue TOB VRDO 1.750%   6/4/2026  27,750     27,750
  Los Angeles County Development Authority Local or Guaranteed Housing Revenue PUT 3.750%  12/1/2026   1,500      1,501
  Los Angeles County Development Authority Local or Guaranteed Housing Revenue PUT 3.350%   9/1/2029   6,355      6,411
  Los Angeles County Facilities Inc. Lease (Abatement) Revenue 5.000%  12/1/2036   1,450      1,527
  Los Angeles County Facilities Inc. Lease (Abatement) Revenue 5.000%  12/1/2037   1,335      1,404
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2033   5,000      5,126
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2034   7,750      7,934
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2034   5,000      5,122
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2035   5,000      5,118
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2035  24,690     25,275
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/2036   1,500      1,557
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2036   3,000      3,242
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2036   5,000      5,118
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2036  21,145     21,643
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/2037   6,625      6,850
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/2037   6,980      7,234
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2037   6,350      6,845
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2037   6,190      6,465
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2038   1,840      2,092
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2038   4,360      4,956
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2038   1,190      1,216
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2038   1,755      1,794
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/2039   5,205      5,345
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2039   1,135      1,284
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2039   3,845      4,350
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2039   2,410      2,625
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2039   7,555      7,716
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2040   2,000      2,171
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2042   1,720      1,753
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2042   3,800      3,872
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2044   1,625      1,810
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2045   2,175      2,401
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2046   1,895      2,072
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2034   2,000      2,154
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2035   2,050      2,202
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2035   1,005      1,079
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2036   2,090      2,238
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2036   1,055      1,130
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/2037   2,530      2,590
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2037   3,745      4,001
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2037   1,110      1,186
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2038   3,925      4,179
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2038   1,165      1,240
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2038   1,800      1,987
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2038   1,460      1,612
39

 

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 4.000%  12/1/2039   3,785      3,849
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2039   4,345      4,616
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2039   1,225      1,301
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2039   1,500      1,650
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2039   1,660      1,914
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/2040   1,180      1,196
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2040   1,290      1,367
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2040   4,000      4,528
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2040   1,685      1,930
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2041   3,425      3,910
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.250%  12/1/2041   1,115      1,281
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2042   9,790     10,959
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2042   8,705      9,848
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/2043  10,440     10,424
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2043   8,020      8,909
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2043   3,130      3,511
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2044   5,000      5,242
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2044   4,555      5,068
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.250%  12/1/2044   5,000      5,611
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2045  12,000     13,216
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/2046   6,735      6,656
  Los Angeles County Redevelopment Refunding Authority Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Long Beach Project Area) 5.000%   8/1/2033   2,465      2,468
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2027   1,000      1,041
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2028     920        982
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2029     120        131
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2035   2,000      2,235
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue 3.125%  10/1/2036     350        336
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2030     675        693
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2033   1,800      1,844
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2034   1,955      2,001
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/2035   1,000      1,053
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2035   1,850      1,892
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2036   2,275      2,325
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2036   3,000      3,191
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2036   2,750      2,902
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2036  14,040     15,076
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2036     795        881
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2037   2,500      2,553
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2037   3,525      3,712
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2037   8,425      9,021
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/2038  18,065     18,463
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2038   3,185      3,349
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2038   5,800      6,196
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2038   3,140      3,426
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2038   2,300      2,529
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/2039   6,155      6,277
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/2039   4,190      4,308
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2039  14,255     15,193
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2039   2,565      2,692
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2039   2,500      2,719
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2039   3,090      3,386
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/2040   1,810      1,833
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/2040   1,345      1,378
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2040   4,500      4,785
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2040   3,000      3,276
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/2041   2,000      2,040
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2041   8,080      8,728
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2041   2,640      2,871
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2041   3,285      3,719
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2042   1,000      1,017
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2042   2,500      2,706
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2042   5,750      6,463
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2043   3,825      4,259
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2044   4,775      5,252
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2045   1,395      1,469
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2045   3,825      4,166
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027     185        190
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027   6,120      6,278
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028   1,360      1,419
40

 

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

($000)
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028   2,000      2,087
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028   6,385      6,664
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029   1,095      1,164
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029   1,155      1,216
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029     435        462
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029     870        925
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029   1,185      1,260
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029   1,145      1,217
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030   8,520      9,207
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030     930        969
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030   1,325      1,432
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030  38,630     41,384
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030   4,000      4,323
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031   1,655      1,811
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031   3,140      3,437
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031   1,360      1,488
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031     400        438
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031   6,785      7,426
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031   6,175      6,758
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032     340        359
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032   6,095      6,749
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032   1,710      1,894
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032   1,500      1,661
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032   8,115      8,986
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032   1,900      2,104
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033   1,075      1,106
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033     150        152
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033     580        643
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033   1,525      1,702
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033   9,670     10,794
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033   1,900      2,121
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033   9,160     10,225
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033  22,185     24,764
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034   1,540      1,582
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034   9,595      9,939
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034     845        926
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034   2,235      2,259
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034  13,905     15,616
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034   1,860      2,011
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034     615        665
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034     720        794
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034     895        993
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034   4,640      5,211
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035   6,510      6,733
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035   2,100      2,155
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035   1,325      1,431
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035   8,195      8,964
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035   1,845      2,043
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035   2,090      2,342
3 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035   1,000      1,131
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035   1,595      1,808
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035   4,950      5,612
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036   3,100      3,200
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036  20,680     21,193
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036     105        113
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036     830        926
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036   3,235      3,608
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036   5,000      5,638
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037  26,070     26,681
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037     425        455
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037   6,405      7,014
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037   2,775      3,022
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037   1,030      1,134
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037     160        163
3 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037   1,000      1,119
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037   4,500      5,031
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038   5,575      5,699
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038   1,460      1,511
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038     100        101
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038   7,990      8,321
41

 

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

($000)
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038   1,365      1,454
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038   1,850      1,992
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038     755        809
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038   1,645      1,789
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038     755        777
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038     670        736
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038   1,750      1,913
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038     955      1,017
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038   4,115      4,562
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039     395        408
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039   2,000      2,101
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039   5,600      5,945
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039   3,160      3,389
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039   3,525      3,762
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039   1,275      1,354
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039   1,515      1,648
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039   2,280      2,481
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039     645        705
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039   1,310      1,412
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039   2,570      2,783
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039     640        696
3 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039   1,000      1,102
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.250%   7/1/2039     875        884
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040  23,000     24,114
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040   3,000      3,178
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040   4,790      5,124
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040   1,160      1,235
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040   1,795      1,947
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040   9,580     10,525
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040  13,930     15,305
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041  26,795     28,154
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041  10,660     11,358
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041   7,010      7,435
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041  18,565     19,956
3 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041   1,250      1,365
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041  15,000     16,391
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042   2,345      2,374
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042  12,265     12,349
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042   9,000      9,289
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042   2,150      2,262
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042   8,340      8,850
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042   2,775      2,932
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042   4,775      5,109
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042     800        856
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042   2,435      2,616
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042   1,570      1,686
3 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042   1,000      1,086
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042   9,240     10,039
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042   6,235      6,774
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043   3,160      3,236
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043     200        212
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043   6,430      6,859
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043   1,365      1,456
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043   1,500      1,606
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043   1,305      1,402
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043   4,495      4,866
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2044   2,155      2,276
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2044  13,630     14,440
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2044   1,030      1,091
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2044   5,665      6,057
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2044   3,000      3,217
3 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.250%   7/1/2044   2,250      2,451
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2045   2,300      2,419
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2045   8,070      8,557
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2045   6,375      6,760
3 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.250%   7/1/2045   2,000      2,161
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2046  14,045     14,479
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2046   5,825      6,122
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2046   3,660      3,855
3 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.250%   7/1/2046   1,500      1,605
42

 

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

($000)
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.250%   7/1/2049     320        326
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2026      25         25
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2026     290        290
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2026   3,080      3,085
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2026   1,255      1,257
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2027     110        112
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2027      25         26
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2027   1,005      1,030
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2027     285        292
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2027      25         25
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2027   1,095      1,122
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2027     825        845
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2027      85         87
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2028   2,335      2,385
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028     640        668
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028     465        485
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028   1,870      1,952
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028     315        329
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028     380        397
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028     395        412
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028     390        395
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028   1,150      1,200
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028     735        759
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2029   1,575      1,623
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2029   2,185      2,322
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2029   1,255      1,334
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2029   1,405      1,493
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2029      45         48
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2029   1,015      1,079
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2029     670        679
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2029   2,130      2,264
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2029     685        714
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   1/1/2030  32,665     34,703
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2030     740        768
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2030     295        307
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2030   2,330      2,518
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2030   1,110      1,200
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2030     105        106
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2030     280        303
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2030   3,230      3,333
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2030     790        854
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2030     420        454
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031   1,430      1,565
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031   1,065      1,166
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031   1,540      1,686
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031   1,735      1,899
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031   1,735      1,756
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031     445        459
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031   1,340      1,394
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031     870        952
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032   1,425      1,578
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032     225        247
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032     275        305
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032   1,920      2,126
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032     635        642
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032   1,210      1,246
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032   1,055      1,096
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032   1,215      1,305
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032     345        374
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032     970      1,074
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032   3,420      3,787
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033   1,955      1,977
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033     305        316
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033      35         39
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033   4,775      5,330
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033   3,095      3,312
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033     340        372
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033   1,255      1,382
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033   1,600      1,786
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033     580        596
43

 

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

($000)
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033   1,800      2,009
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033   3,665      4,091
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034     830        839
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034   2,375      2,460
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034   1,205      1,337
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034   1,120      1,194
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034   1,195      1,309
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034     415        463
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034      70         75
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034     630        690
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034     245        252
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034   1,300      1,460
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034   1,470      1,651
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034   7,370      8,277
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035     375        379
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035     220        228
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035   3,110      3,335
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035     955      1,017
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035     670        742
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035   3,790      4,223
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035      15         16
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035   1,675      1,877
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035     580        634
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035     405        443
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035     150        154
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035   1,265      1,434
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035   5,180      5,872
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036   5,755      5,809
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036      95        101
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036   1,325      1,435
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036   1,245      1,322
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036     585        637
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036   2,795      3,100
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036      50         56
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036     190        203
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036   1,160      1,264
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036   1,620      1,786
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036     620        635
3 Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036   5,000      5,659
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037   1,330      1,373
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037   5,720      5,773
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037     185        190
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037     240        254
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037   1,325      1,427
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037     240        254
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037     790        856
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037   1,755      1,868
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037   1,290      1,413
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037   1,820      2,004
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037     785        869
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037   2,935      3,179
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037   7,315      8,178
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038     495        509
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038     155        158
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038   3,460      3,705
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038   5,930      6,384
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038     790        832
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038   2,270      2,444
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038     430        468
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038     170        186
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038   4,660      5,118
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038   8,735      9,684
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039   3,935      4,133
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039   2,225      2,374
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039     585        627
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039     890        955
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039      50         54
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039     720        787
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039      40         42
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039   1,090      1,180
44

 

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

($000)
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039     110        112
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039  14,125     15,577
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040   7,305      7,659
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040   1,900      2,002
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040   7,455      7,936
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040   1,280      1,342
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040   2,930      3,163
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040     635        679
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040   1,755      1,903
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040   2,435      2,605
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040   1,990      2,168
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040   4,595      5,048
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041  11,950     12,495
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041   2,000      2,121
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041   1,125      1,176
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041     250        252
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041   1,985      2,115
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041   3,565      3,799
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041   5,075      5,455
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041   2,390      2,580
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041   3,390      3,675
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041   1,080      1,135
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041   4,480      4,895
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2042  17,905     18,919
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2042  10,015     10,627
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2042   5,210      5,528
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2042   4,335      4,638
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2042     930      1,003
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2042   3,270      3,512
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043   1,410      1,444
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043   3,470      3,672
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043   5,045      5,381
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043   1,420      1,503
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043   1,240      1,263
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043   2,315      2,488
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043   2,950      3,193
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2044   4,715      5,011
3 Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2044   5,485      5,886
  Los Angeles Department of Water & Power Water System Water Revenue 5.250%   7/1/2044      25         25
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2045   3,785      4,013
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2047   4,385      4,480
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue 3.750%   4/1/2034   1,748      1,758
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue 3.750%   4/1/2034   5,570      5,601
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue 3.750%   4/1/2034   2,089      2,101
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue 3.950%  12/1/2039   8,630      8,629
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue 4.150%  12/1/2044   3,295      3,216
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue PUT 3.250%   2/1/2028   1,750      1,758
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue PUT 3.000%   7/1/2029  10,000     10,013
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/2034   2,694      2,928
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/2035   2,130      2,303
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2036   2,500      2,876
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/2036   2,417      2,603
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2037   2,500      2,857
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/2037   4,468      4,795
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2038   2,045      2,324
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2038   1,400      1,610
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/2038   3,581      3,832
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2039   2,930      3,315
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2039   1,550      1,773
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2040   2,855      3,216
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2040   1,765      2,010
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/2040   1,985      2,112
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2041   2,935      3,290
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2041   1,255      1,421
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2042   6,810      7,568
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2042   1,575      1,767
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2043  13,770     15,190
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2043   2,680      2,982
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2044  18,090     19,732
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2044   3,125      3,435
45

 

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%   5/1/2045  18,555     20,044
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2045   2,415      2,627
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2046  26,620     28,363
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2046   1,875      2,009
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue (Capital Equipment & Real Project) 5.000%   5/1/2027   1,550      1,585
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue (Capital Equipment & Real Project) 5.000%   5/1/2028   1,700      1,781
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue (Capital Equipment & Real Project) 5.000%   5/1/2029   1,625      1,740
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue (Capital Equipment & Real Project) 5.000%  11/1/2040   5,000      5,384
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue (Capital Equipment & Real Project) 5.000%   5/1/2043   1,000      1,087
10 Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue TOB VRDO 1.620%   6/4/2026  10,050     10,050
  Los Rios Community College District GO 5.000%   8/1/2030   1,140      1,176
  Los Rios Community College District GO 4.000%   8/1/2031   3,080      3,122
  Los Rios Community College District GO 4.000%   8/1/2032   3,135      3,176
  Los Rios Community College District GO 3.000%   8/1/2035   1,035      1,015
  Lowell Joint School District GO 5.000%   8/1/2037   1,000      1,080
  Lowell Joint School District GO 3.000%   8/1/2040   1,365      1,191
4 Madera Unified School District (2018 School Facilities Project) COP 5.000%   9/1/2039     750        830
4 Madera Unified School District (2018 School Facilities Project) COP 5.000%   9/1/2041   1,500      1,645
4 Madera Unified School District (2018 School Facilities Project) COP 5.000%   9/1/2042   1,000      1,090
4 Madera Unified School District (2018 School Facilities Project) COP 5.000%   9/1/2043   1,000      1,085
4 Madera Unified School District (2018 School Facilities Project) COP 5.000%   9/1/2044     275        296
2 Madera Unified School District GO 0.000%   5/1/2030   3,000      2,665
2 Mammoth CA Unified School District GO 0.000%   8/1/2026   1,250      1,244
2 Manhattan Beach Unified School District GO 0.000%   9/1/2026   2,160      2,146
  Manhattan Beach Unified School District GO 0.000%   9/1/2028   2,220      2,096
  Manhattan Beach Unified School District GO 0.000%   9/1/2031     965        833
3 Manteca Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%  10/1/2027     265        269
3 Manteca Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%  10/1/2028     375        386
3 Manteca Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%  10/1/2029     350        364
3 Manteca Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%  10/1/2030     325        341
3 Manteca Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%  10/1/2032     550        573
3 Manteca Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%  10/1/2039   1,110      1,126
2 Manteca Unified School District GO 0.000%   8/1/2028   3,180      3,000
2 Manteca Unified School District GO 0.000%   8/1/2033   5,435      4,349
2 Manteca Unified School District GO 0.000%   8/1/2034   5,425      4,169
  Manteca Unified School District GO 5.000%   8/1/2034     250        293
  Manteca Unified School District GO 5.000%   8/1/2035     250        296
  Manteca Unified School District GO 5.250%   8/1/2044   1,000      1,128
  Manteca Unified School District GO 5.250%   8/1/2045   2,045      2,287
  Marin Community College District GO, Prere. 4.000%   8/1/2026   1,000      1,002
  Marin Community College District GO, Prere. 4.000%   8/1/2026   1,000      1,002
  Marin Community College District GO, Prere. 4.000%  8/15/2027     800        815
  Marin Community College District GO, Prere. 4.000%  8/15/2027   2,945      3,000
  Marin Community College District GO, Prere. 4.000%  8/15/2027   1,900      1,935
  Marin Community College District GO, Prere. 4.000%  8/15/2027   3,030      3,086
  Marin Healthcare District GO 5.000%   8/1/2041   9,000      9,139
  Marina Coast Water District COP 4.000%   6/1/2044   1,160      1,165
  Marina Coast Water District COP 4.000%   6/1/2045   1,660      1,654
3 Mendocino-Lake Community College District GO 3.000%   8/1/2041   1,475      1,290
  Menifee CA Special Tax Revenue 5.000%   9/1/2038     500        534
  Menifee CA Special Tax Revenue 5.000%   9/1/2039     820        862
  Menifee CA Special Tax Revenue 3.000%   9/1/2042     550        444
  Menifee CA Special Tax Revenue 5.000%   9/1/2043     600        626
  Menifee Union School District Special Tax Revenue 4.000%   9/1/2036     500        499
  Menifee Union School District Special Tax Revenue 4.000%   9/1/2041     800        776
4 Menlo Park Community Development Agency Successor Agency Tax Increment/Allocation Revenue (Las Pulgas Community Development Project) 5.000%  10/1/2026   1,035      1,037
4 Menlo Park Community Development Agency Successor Agency Tax Increment/Allocation Revenue (Las Pulgas Community Development Project) 5.000%  10/1/2027   1,250      1,253
  Mid-Peninsula Water District (2025 Financing Project) COP 4.000%  12/1/2043   1,000      1,002
  Milpitas CA Unified School District GO 3.000%   8/1/2035   1,895      1,860
  Miracosta Community College District GO 2.000%   8/1/2039   2,235      1,745
  Miracosta Community College District GO 2.000%   8/1/2040   2,000      1,516
  Modesto CA Special Tax Revenue 5.000%   9/1/2029   1,570      1,572
  Modesto CA Special Tax Revenue 5.000%   9/1/2030   1,700      1,702
  Modesto High School District GO 5.000%   8/1/2036     350        410
  Modesto High School District GO 5.000%   8/1/2037     300        350
  Modesto High School District GO 5.000%   8/1/2042     750        844
  Modesto High School District GO 5.000%   8/1/2043   1,185      1,283
  Modesto High School District GO 5.000%   8/1/2043     775        866
46

 

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

($000)
  Modesto High School District GO 5.000%   8/1/2044     650        719
  Modesto High School District GO 5.000%   8/1/2045   1,000      1,093
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.000%  10/1/2031   1,200      1,279
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.000%  10/1/2037   2,360      2,472
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.000%  10/1/2038   2,015      2,106
  Montclair Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%  10/1/2031     660        684
2 Montebello Unified School District GO 0.000%   8/1/2026   1,000        995
  Monterey Park Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/2041   1,200      1,213
  Monterey Peninsula Community College District GO 4.000%   8/1/2041     475        484
  Monterey Peninsula Community College District GO 4.000%   8/1/2042     440        446
  Monterey Peninsula Community College District GO 4.000%   8/1/2043     880        887
  Monterey Peninsula Community College District GO 4.000%   8/1/2044     700        703
  Monterey Peninsula Community College District GO 4.000%   8/1/2045     775        772
  Monterey Peninsula Unified School District GO 4.000%   8/1/2042   3,000      3,042
  Moreland School District GO 3.875%   8/1/2030     950        969
  Moreland School District GO 5.000%   8/1/2037   1,805      2,089
  Moreland School District GO 5.000%   8/1/2038   2,015      2,319
  Moreland School District GO 5.000%   8/1/2040   1,685      1,919
3 Moreno Valley CA Unified School District GO 4.000%   8/1/2037     365        379
3 Moreno Valley CA Unified School District GO 4.000%   8/1/2039   1,470      1,505
3 Moreno Valley CA Unified School District GO 4.000%   8/1/2040     825        840
3 Moreno Valley CA Unified School District GO 5.000%   8/1/2040     650        742
3 Moreno Valley CA Unified School District GO 4.000%   8/1/2041   1,620      1,641
3 Moreno Valley CA Unified School District GO 5.250%   8/1/2041     775        895
3 Moreno Valley CA Unified School District GO 5.250%   8/1/2042   1,000      1,144
3 Moreno Valley CA Unified School District GO 5.250%   8/1/2043   1,250      1,420
3 Moreno Valley CA Unified School District GO 5.250%   8/1/2044   2,000      2,249
3 Moreno Valley CA Unified School District GO 5.250%   8/1/2045   1,300      1,446
  Moreno Valley Community Redevelopment Agency Tax Increment/Allocation Revenue 5.000%   8/1/2029   1,220      1,252
  Moreno Valley Community Redevelopment Agency Tax Increment/Allocation Revenue 5.000%   8/1/2032   1,020      1,045
4,5 Moreno Valley Public Financing Authority Electric Power & Light Revenue 5.250%   5/1/2042   1,100      1,253
4,5 Moreno Valley Public Financing Authority Electric Power & Light Revenue 5.250%   5/1/2043   1,000      1,132
4,5 Moreno Valley Public Financing Authority Electric Power & Light Revenue 5.250%   5/1/2044   1,050      1,180
4,5 Moreno Valley Public Financing Authority Electric Power & Light Revenue 5.250%   5/1/2046     740        819
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/2026     930        935
4 Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/2026     200        201
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/2027   1,010      1,036
4 Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/2027     225        232
4 Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/2028     250        264
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/2029   1,185      1,221
4 Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/2029     425        459
4 Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/2030     850        935
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/2031   1,390      1,433
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/2035     920        947
4 Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/2036     575        651
4 Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/2040     600        661
  Morgan Hill Unified School District GO 4.000%   8/1/2032     400        405
  Morgan Hill Unified School District GO 4.000%   8/1/2033     200        202
  Morongo Unified School District GO 5.000%   8/1/2043   1,080      1,195
  Morongo Unified School District GO 5.000%   8/1/2044     500        548
  Morongo Unified School District GO 5.000%   8/1/2045     400        435
  Morongo Unified School District GO 5.000%   8/1/2047   1,000      1,069
  Mount Diablo CA Unified School District GO 5.000%   8/1/2031     400        448
  Mount Diablo CA Unified School District GO 5.000%   8/1/2032     625        711
  Mount Diablo CA Unified School District GO 5.000%   8/1/2032     750        853
  Mount Diablo CA Unified School District GO 5.000%   8/1/2033     545        628
  Mount Diablo CA Unified School District GO 5.000%   8/1/2034     525        612
  Mount Diablo CA Unified School District GO 5.000%   8/1/2035     725        852
  Mount San Jacinto Community College District GO 4.000%   8/1/2037   3,290      3,329
  Mount San Jacinto Community College District GO 3.000%   8/1/2038   2,000      1,879
  Mountain House Community Facilities District Special Tax Revenue 4.250%   9/1/2035     400        402
  Mountain House Community Facilities District Special Tax Revenue 5.000%   9/1/2040     500        519
  Mountain House Community Facilities District Special Tax Revenue 5.000%   9/1/2045     875        892
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2026     290        292
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2027     360        367
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2028     430        442
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2029     450        469
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2029     215        223
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2030     550        578
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2030     330        345
47

 

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

($000)
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2031     575        602
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2031     400        418
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2032     400        417
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2033     325        337
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2034     300        310
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2035     325        334
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2035   1,000      1,026
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2036     315        323
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2037     300        307
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2038     300        306
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2039     275        280
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2040   5,320      5,389
3 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2040     350        355
  Mountain View Los Altos CA Union High School District GO 0.000%   8/1/2026   3,500      3,485
  Mountain View Los Altos CA Union High School District GO 1.750%   8/1/2033   3,000      2,604
  Mountain View Los Altos CA Union High School District GO 1.875%   8/1/2034   4,150      3,566
4 Mountain View Shoreline Regional Park Community Tax Increment/Allocation Revenue 5.000%   8/1/2032     500        523
4 Mountain View Shoreline Regional Park Community Tax Increment/Allocation Revenue 5.000%   8/1/2034     350        365
4 Mountain View Shoreline Regional Park Community Tax Increment/Allocation Revenue 5.000%   8/1/2035     450        468
4 Mountain View Shoreline Regional Park Community Tax Increment/Allocation Revenue 5.000%   8/1/2037   1,220      1,264
  Mountain View-Whisman School District GO 3.000%   9/1/2039   2,200      2,055
  Mountain View-Whisman School District GO 3.000%   9/1/2040   1,000        916
  Mountain View-Whisman School District GO 4.000%   9/1/2042   1,250      1,267
  Mountain View-Whisman School District GO 4.000%   9/1/2045   2,535      2,501
  M-S-R Energy Authority Natural Gas Revenue 6.125%  11/1/2029     455        479
  M-S-R Energy Authority Natural Gas Revenue 6.125%  11/1/2029     325        342
  M-S-R Energy Authority Natural Gas Revenue 6.125%  11/1/2029   1,565      1,647
  M-S-R Energy Authority Natural Gas Revenue 7.000%  11/1/2034   7,020      8,450
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/2039  10,385     12,790
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/2039  15,950     19,643
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/2039  13,100     16,133
  Mt San Antonio Community College District GO 5.000%   8/1/2041     750        855
  Mt San Antonio Community College District GO 5.000%   8/1/2042     735        832
  Mt San Antonio Community College District GO 5.000%   8/1/2043     800        898
  Mt San Antonio Community College District GO 5.000%   8/1/2044   2,000      2,225
  Mt San Antonio Community College District GO 5.000%   8/1/2045   1,200      1,324
  Mt San Antonio Community College District GO 5.000%   8/1/2046   1,500      1,640
4 Murrieta Valley Unified School District GO 0.000%   9/1/2033     475        377
  Napa Valley Unified School District GO 0.000%   8/1/2029   2,000      1,836
  Napa Valley Unified School District GO 0.000%   8/1/2033   6,070      4,857
  Nevada Joint Union High School District GO 4.000%   8/1/2032   1,320      1,346
  Nevada Joint Union High School District GO 4.000%   8/1/2034     580        589
  New Haven Unified School District GO 4.000%   8/1/2029     100        103
  New Haven Unified School District GO 4.000%   8/1/2030     100        103
  New Haven Unified School District GO 4.000%   8/1/2031     100        103
  New Haven Unified School District GO 4.000%   8/1/2032     100        103
  New Haven Unified School District GO 4.000%   8/1/2035     325        331
  New Haven Unified School District GO 4.000%   8/1/2036     155        157
  New Haven Unified School District GO 5.000%   8/1/2042   1,000      1,125
  New Haven Unified School District GO 5.000%   8/1/2044   1,000      1,105
  New Haven Unified School District GO 5.000%   8/1/2045   1,180      1,290
4 Newark CA Unified School District GO 0.000%   8/1/2026   3,300      3,285
3 Newark CA Unified School District GO 4.000%   8/1/2036   1,135      1,182
3 Newark CA Unified School District GO 4.000%   8/1/2040   1,000      1,018
  Newport Beach CA Special Assessment Revenue 4.125%   9/2/2038   1,010      1,025
  Newport Beach CA Special Assessment Revenue 5.000%   9/2/2043     710        741
  Newport Mesa Unified School District GO 0.000%   8/1/2029   4,625      4,251
  Newport Mesa Unified School District GO 0.000%   8/1/2030   3,000      2,675
  Newport Mesa Unified School District GO 0.000%   8/1/2031   1,500      1,295
2 Newport Mesa Unified School District GO 0.000%   8/1/2031   5,275      4,528
  Newport Mesa Unified School District GO 0.000%   8/1/2032  14,000     11,691
  Norco CA Special Tax Revenue 5.000%   9/1/2026   1,620      1,627
  Norco CA Special Tax Revenue 5.000%   9/1/2027   1,755      1,798
3 Norco CA Special Tax Revenue 5.000%   9/1/2028     805        830
  Norco Financing Authority Intergovernmental Agreement Revenue 4.000%  10/1/2035     440        451
  Norco Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/2036   1,000      1,067
  Norco Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/2037     855        909
  Norco Financing Authority Intergovernmental Agreement Revenue 4.000%  10/1/2039   1,565      1,585
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/2033     500        509
3 Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 4.000%   3/1/2034   2,145      2,243
48

 

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

($000)
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/2034     500        509
2 North Orange County CA Community College District GO 0.000%   8/1/2027   6,880      6,694
  North Orange County CA Community College District GO 3.000%   8/1/2038   1,805      1,696
  North Orange County CA Community College District GO 3.000%   8/1/2039   2,165      2,004
  North Orange County CA Community College District GO 3.000%   8/1/2040   2,200      1,977
  Northern California Energy Authority Natural Gas Revenue PUT 5.000%   8/1/2030  68,200     72,335
14 Northstar Community Services District Special Tax Revenue 5.000%   9/1/2021     693        139
2 Norwalk-La Mirada Unified School District GO 0.000%   8/1/2026     750        747
  Norwalk-La Mirada Unified School District GO 3.000%   8/1/2034     615        597
  Norwalk-La Mirada Unified School District GO 3.000%   8/1/2035     425        407
  Norwalk-La Mirada Unified School District GO 3.000%   8/1/2038   1,420      1,314
  Norwalk-La Mirada Unified School District GO 3.000%   8/1/2039     900        823
  Norwalk-La Mirada Unified School District GO 3.000%   8/1/2040   1,150      1,032
  Norwalk-La Mirada Unified School District GO 3.000%   8/1/2046   6,325      5,061
  Novato CA Unified School District GO 3.000%   8/1/2039   1,130      1,048
  Novato CA Unified School District GO 3.000%   8/1/2042   4,075      3,564
  Novato CA Unified School District GO 3.000%   8/1/2043   3,000      2,566
  Novato Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%   9/1/2039   1,475      1,490
  Novato Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 4.000%   9/1/2040   1,465      1,478
10 Nuveen California AMT-Free Quality Municipal Income Fund VRDO VRDP 1.670%   6/4/2026   4,000      4,000
  Oak Grove School District GO 0.000%   8/1/2027   1,700      1,649
  Oak Grove School District GO 0.000%   8/1/2029   2,750      2,521
6 Oak Grove School District GO, 5.000% coupon rate effective 8/1/2030 0.000%   8/1/2031   1,915      1,641
6 Oak Grove School District GO, 5.000% coupon rate effective 8/1/2030 0.000%   8/1/2032   1,030        879
  Oak Valley Hospital District GO 5.000%   7/1/2028   1,020      1,066
  Oak Valley Hospital District GO 5.000%   7/1/2029   1,000      1,064
  Oak Valley Hospital District GO 5.000%   7/1/2030   1,325      1,432
  Oak Valley Hospital District GO 5.000%   7/1/2031   1,475      1,612
  Oak Valley Hospital District GO 5.000%   7/1/2032   1,270      1,404
  Oak Valley Hospital District GO 5.000%   7/1/2033   1,800      2,009
  Oakdale CA Joint Unified School District GO 5.000%   8/1/2045   1,035      1,126
  Oakland CA GO 2.000%  1/15/2034   5,505      4,866
  Oakland CA GO 2.000%  1/15/2035   4,480      3,895
  Oakland CA GO 2.125%  1/15/2036   4,735      4,041
  Oakland CA GO 3.000%  1/15/2040   6,580      5,914
  Oakland CA GO 4.000%  1/15/2047   9,450      9,008
3 Oakland CA GO 4.000%  1/15/2047   6,385      6,129
4 Oceanside CA Unified School District GO 0.000%   8/1/2029   3,170      2,902
4 Oceanside CA Unified School District GO 0.000%   8/1/2030   2,050      1,819
4 Oceanside CA Unified School District GO 4.000%   8/1/2040   1,320      1,348
  Oceanside CA Unified School District GO 5.000%   8/1/2042   1,000      1,119
  Oceanside CA Unified School District GO 5.000%   8/1/2043   1,065      1,178
  Oceanside CA Unified School District GO 5.000%   8/1/2044   1,115      1,223
  Oceanside CA Unified School District GO 5.000%   8/1/2045   1,150      1,251
  Oceanside CA Unified School District GO 0.000%   8/1/2047   2,475        958
  Ohlone Community College District GO 3.000%   8/1/2038   4,345      4,015
  Ontario CA Community Facilities District No. 64 Special Tax Revenue 5.000%   9/1/2039   1,015      1,068
  Ontario CA Special Tax Revenue 4.000%   9/1/2033   2,930      2,963
  Ontario CA Special Tax Revenue 5.000%   9/1/2038   1,205      1,291
  Ontario CA Special Tax Revenue 5.000%   9/1/2040   1,160      1,249
  Ontario CA Special Tax Revenue 5.250%   9/1/2043   1,000      1,060
  Ontario CA Special Tax Revenue 5.000%   9/1/2045   1,000      1,044
4 Ontario International Airport Authority Port, Airport & Marina Revenue 4.000%  5/15/2041   1,250      1,273
  Ontario Montclair School District GO 5.000%   8/1/2043   2,065      2,250
  Ontario Public Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2032     700        799
  Ontario Public Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2033     475        549
  Ontario Public Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2034     450        526
  Ontario Public Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2035     500        589
  Ontario Public Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2036     590        689
  Ontario Public Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2041   1,000      1,134
  Ontario Public Financing Authority Lease (Abatement) Revenue 5.000%  10/1/2042     500        565
  Ontario Public Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2042   1,025      1,154
  Ontario Public Financing Authority Lease (Abatement) Revenue 5.000%  10/1/2043     350        393
  Ontario Public Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2043   2,170      2,428
  Ontario Public Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2045   1,750      1,917
  Orange County CA Ocean View School District GO 5.000%   8/1/2042   1,105      1,216
  Orange County CA Ocean View School District GO 5.000%   8/1/2044   1,385      1,504
  Orange County CA Ocean View School District GO 5.000%   8/1/2045   1,125      1,210
  Orange County Community Facilities District Special Tax Revenue 5.000%  8/15/2027     500        515
  Orange County Community Facilities District Special Tax Revenue 5.000%  8/15/2028     900        950
49

 

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

($000)
  Orange County Community Facilities District Special Tax Revenue 5.000%  8/15/2029   1,000      1,080
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/2036   2,870      3,045
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/2037   6,865      7,263
  Orange County Municipal Water District Water Facilities Corp. Water Revenue 4.000%  8/15/2035     790        811
  Oro Grande Elementary School District COP 4.000%  9/15/2026     810        811
4 Oxnard CA Gas Tax Fuel Sales Tax Revenue 4.000%   9/1/2034   1,130      1,166
4 Oxnard CA Gas Tax Fuel Sales Tax Revenue 4.000%   9/1/2036   1,170      1,197
4 Oxnard CA Gas Tax Fuel Sales Tax Revenue 4.000%   9/1/2037     770        784
  Oxnard School District BAN GO 0.000%   2/1/2031     825        709
4 Oxnard School District GO 0.000%   8/1/2031   1,520      1,298
4 Oxnard School District GO 0.000%   7/1/2033   3,445      2,746
3 Oxnard School District GO 4.000%   8/1/2046     780        767
3,10 Oxnard School District GO TOB VRDO 2.600%   6/1/2026   4,000      4,000
  Oxnard Union High School District GO 5.000%   8/1/2027   1,000      1,032
  Oxnard Union High School District GO 5.000%   8/1/2028     500        528
  Oxnard Union High School District GO 4.000%   8/1/2031     750        762
  Oxnard Union High School District GO 5.000%   8/1/2031     840        941
  Oxnard Union High School District GO 5.000%   8/1/2032     800        910
  Oxnard Union High School District GO 4.000%   8/1/2033     375        385
  Oxnard Union High School District GO 4.000%   8/1/2035   1,125      1,148
  Oxnard Union High School District GO 4.000%   8/1/2036     750        763
  Oxnard Union High School District GO 4.000%   8/1/2038   1,735      1,839
  Pajaro Valley Health Care District GO 5.000%   9/1/2046   2,750      2,704
  Pajaro Valley Unified School District GO 4.000%   8/1/2033     225        228
  Pajaro Valley Unified School District GO 4.000%   8/1/2034     250        253
  Pajaro Valley Unified School District GO 5.000%   8/1/2038   1,155      1,180
  Palm Desert CA Special Assessment Revenue 4.000%   9/2/2026     100        100
  Palm Desert CA Special Assessment Revenue 4.000%   9/2/2031     720        736
  Palm Desert CA Special Assessment Revenue 4.000%   9/2/2037   1,300      1,295
3 Palm Desert Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%  10/1/2026   1,100      1,109
3 Palm Desert Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%  10/1/2027   1,200      1,223
  Palmdale Community Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2026     830        834
  Palmdale Community Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2026     700        704
2 Palmdale Community Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2029   1,275      1,282
2 Palmdale Community Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2032   1,435      1,442
2 Palmdale Community Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2033     750        754
2 Palmdale Community Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2034   2,000      2,009
3 Palmdale Elementary School District Special Tax Revenue 4.000%   8/1/2042   1,160      1,173
3 Palmdale Elementary School District Special Tax Revenue 5.000%   8/1/2044     800        877
  Palo Alto CA COP 2.125%  11/1/2043   2,000      1,427
  Palo Alto Unified School District GO 3.250%   8/1/2042   3,000      2,806
  Palomar Community College District GO 5.000%   8/1/2033   2,805      2,885
  Palomar Health COP 5.000%  11/1/2026     920        916
  Palomar Health COP 5.000%  11/1/2027     750        741
4 Palomar Health GO 0.000%   8/1/2026   1,250      1,243
  Palomar Health GO 5.000%   8/1/2026     710        710
2 Palomar Health GO 0.000%   8/1/2027  16,165     15,421
4 Palomar Health GO 0.000%   8/1/2027   8,095      7,767
  Palomar Health GO 5.000%   8/1/2027   1,815      1,816
4 Palomar Health GO 0.000%   8/1/2028     955        883
  Palomar Health GO 5.000%   8/1/2028   1,640      1,640
  Palomar Health GO 5.000%   8/1/2028  10,085     10,087
4 Palomar Health GO 0.000%   8/1/2029   7,835      6,971
  Palomar Health GO 5.000%   8/1/2029     875        875
  Palomar Health GO 5.000%   8/1/2029   4,890      4,891
  Palomar Health GO 4.000%   8/1/2030   2,150      2,089
  Palomar Health GO 5.000%   8/1/2030   1,995      1,995
  Palomar Health GO 4.000%   8/1/2031   1,850      1,781
  Palomar Health GO 5.000%   8/1/2031     800        800
  Palomar Health GO 4.000%   8/1/2032   5,035      4,797
  Palomar Health GO 4.000%   8/1/2033   1,730      1,630
  Palomar Health GO 5.000%   8/1/2033   1,555      1,551
  Palomar Health GO 0.000%   8/1/2034   2,725      1,794
  Palomar Health GO 4.000%   8/1/2034   3,315      3,084
  Palomar Health GO 0.000%   8/1/2035     695        431
  Palomar Health GO 4.000%   8/1/2035     380        349
  Palomar Health GO 0.000%   8/1/2036     560        326
  Palomar Health GO 4.000%   8/1/2036   5,440      4,920
  Palomar Health GO 0.000%   8/1/2037   1,210        652
  Palomar Health GO 3.000%   8/1/2037     460        370
50

 

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

($000)
  Palomar Health GO 4.000%   8/1/2037   4,365      3,888
4 Palomar Health GO 0.000%   8/1/2038   1,130        639
4 Palomar Health GO 7.000%   8/1/2038   3,510      3,839
4 Palomar Health GO 0.000%   8/1/2039  10,690      5,696
  Palomar Health GO 0.000%   8/1/2039      25         12
  Palomar Health GO 6.750%   8/1/2040   2,540      2,691
  Palomar Health, Hospital, Nursing Home Revenue 5.000%  11/1/2026   3,760      3,748
  Palomar Health, Hospital, Nursing Home Revenue 5.000%  11/1/2027   3,000      2,971
  Palomar Health, Hospital, Nursing Home Revenue 5.000%  11/1/2039      20         20
2 Palos Verdes Peninsula Unified School District GO 0.000%  11/1/2026     320        317
  Paradise Unified School District COP 5.000%   5/1/2036     950        985
  Paradise Unified School District COP 5.000%   5/1/2039   1,100      1,134
  Paradise Unified School District COP 5.250%   5/1/2044   2,000      2,035
2 Paramount Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Redevelopment Project Area No. 1) 0.000%   8/1/2026   1,910      1,902
3 Paramount Unified School District GO 4.000%   8/1/2034     150        157
3 Paramount Unified School District GO 4.000%   8/1/2035     300        313
3 Paramount Unified School District GO 4.000%   8/1/2037     390        401
3 Paramount Unified School District GO 4.000%   8/1/2040     450        457
  Paramount Unified School District GO 0.000%   8/1/2042   2,000        993
3 Paramount Unified School District GO 3.000%   8/1/2045   2,000      1,629
  Pasadena Area Community College District GO 5.000%   8/1/2042   1,000      1,092
  Pasadena Area Community College District GO 5.000%   8/1/2043     500        543
  Pasadena Public Financing Authority Lease (Abatement) Revenue 0.000%   6/1/2040   1,550        875
  Pasadena Public Financing Authority Lease (Abatement) Revenue 0.000%   6/1/2041   1,000        536
  Pasadena Public Financing Authority Lease (Abatement) Revenue 0.000%   6/1/2042   1,200        608
  Pasadena Public Financing Authority Lease (Abatement) Revenue 0.000%   6/1/2043   1,000        480
  Pasadena Unified School District GO 5.000%   8/1/2044   5,000      5,533
  Pasadena Unified School District GO 5.250%   8/1/2045   4,000      4,469
  Pasadena Unified School District GO 5.250%   8/1/2046   3,800      4,214
  Peninsula Corridor CA Joint Powers Board Transit Revenue 5.000%  10/1/2033     595        640
  Peninsula Corridor CA Joint Powers Board Transit Revenue 5.000%  10/1/2035     750        803
  Peninsula Corridor CA Joint Powers Board Transit Revenue 5.000%  10/1/2036   1,000      1,068
  Peninsula Corridor CA Joint Powers Board Transit Revenue 5.000%  10/1/2037   1,000      1,065
  Peninsula Corridor CA Joint Powers Board Transit Revenue 5.000%  10/1/2038     600        636
  Peralta Community College District GO 5.000%   8/1/2030   1,280      1,414
  Peralta Community College District GO 5.000%   8/1/2031   2,315      2,603
  Peralta Community College District GO 5.250%   8/1/2042   2,000      2,204
  Peralta Community College District GO 5.000%   8/1/2043   2,200      2,456
  Peralta Community College District GO 5.000%   8/1/2044   2,410      2,667
  Peralta Community College District GO 5.000%   8/1/2045   2,000      2,186
  Perris CA Union High School District GO 3.000%   9/1/2036   1,090      1,033
  Perris CA Union High School District GO 3.000%   9/1/2038     800        742
  Perris CA Union High School District GO 3.000%   9/1/2039     850        776
  Perris CA Union High School District GO 3.000%   9/1/2040   1,000        890
4 Perris CA Union High School District GO 4.000%   9/1/2040   2,000      2,024
  Perris CA Union High School District GO 2.125%   9/1/2041   2,500      1,811
4 Perris Union High School District Financing Authority Special Tax Revenue 5.000%   9/1/2036   1,000      1,154
4 Perris Union High School District Financing Authority Special Tax Revenue 5.000%   9/1/2038   1,000      1,144
  Piedmont Unified School District GO 3.000%   8/1/2039     180        166
9 Pittsburg Successor Agency Redevelopment Agency Tax Increment/Allocation Revenue (Los Medanos Community Development Project) 0.000%   8/1/2026     150        149
4 Pittsburg Successor Agency Redevelopment Agency Tax Increment/Allocation Revenue (Los Medanos Community Development Project) 5.000%   8/1/2026     900        903
4 Pittsburg Successor Agency Redevelopment Agency Tax Increment/Allocation Revenue (Los Medanos Community Development Project) 5.000%   8/1/2027   1,220      1,224
4 Pittsburg Successor Agency Redevelopment Agency Tax Increment/Allocation Revenue (Los Medanos Community Development Project) 5.000%   8/1/2028   1,285      1,288
9 Pittsburg Successor Agency Redevelopment Agency Tax Increment/Allocation Revenue (Los Medanos Community Development Project) 0.000%   8/1/2029     355        324
4 Pittsburg Successor Agency Redevelopment Agency Tax Increment/Allocation Revenue (Los Medanos Community Development Project) 5.000%   8/1/2029   1,350      1,354
4 Pittsburg Unified School District GO 5.000%   8/1/2039   1,100      1,210
4 Pittsburg Unified School District GO 5.000%   8/1/2040   2,010      2,201
4 Pittsburg Unified School District GO 5.000%   8/1/2041   3,325      3,615
4 Pittsburg Unified School District GO 5.000%   8/1/2042   3,820      4,128
4 Pittsburg Unified School District GO 5.000%   8/1/2043   2,000      2,151
4 Pittsburg Unified School District GO 4.125%   8/1/2045   2,000      1,996
  Pittsburg Unified School District GO 3.500%   8/1/2046     740        656
  Placentia-Yorba Linda Unified School District GO 0.000%   8/1/2031     150        128
51

 

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

($000)
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/2036   1,500      1,445
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/2037   1,500      1,429
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/2038   1,000        941
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/2039   1,250      1,164
4 Placer CA Union High School District GO 0.000%   8/1/2029   4,425      4,053
4 Placer CA Union High School District GO 0.000%   8/1/2030   2,400      2,130
4 Placer CA Union High School District GO 0.000%   8/1/2031   8,800      7,554
  Pleasanton Unified School District GO 4.000%   8/1/2034   1,050      1,062
  Pomona Unified School District GO 4.000%   8/1/2037     920        949
  Pomona Unified School District GO 5.250%   8/1/2038   1,000      1,124
  Pomona Unified School District GO 5.250%   8/1/2040   1,000      1,113
4 Pomona Unified School District GO 2.125%   8/1/2041   3,250      2,393
  Pomona Unified School District GO 5.000%   8/1/2041     375        420
  Pomona Unified School District GO 5.000%   8/1/2042   1,000      1,113
  Pomona Unified School District GO 5.000%   8/1/2043     700        774
  Pomona Unified School District GO 5.250%   8/1/2043   1,500      1,645
  Pomona Unified School District GO 5.000%   8/1/2044     615        674
  Pomona Unified School District GO 5.000%   8/1/2045     875        949
  Pomona Unified School District GO 5.000%   8/1/2046   1,000      1,079
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/2042   3,500      3,900
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/2043   2,500      2,770
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/2044   1,000      1,099
  Port of Oakland Port, Airport & Marina Revenue 5.000%  11/1/2027   1,250      1,290
  Port of Oakland Port, Airport & Marina Revenue 5.000%  11/1/2028   1,610      1,663
  Port of Oakland Port, Airport & Marina Revenue 5.000%  11/1/2029     925        953
  Port of Oakland Port, Airport & Marina Revenue, Prere. 5.000%  11/1/2027      25         26
4 Porterville CA Water Revenue (Water System Financing Project) COP 5.000%  8/15/2026     125        126
4 Porterville CA Water Revenue (Water System Financing Project) COP 5.000%  8/15/2027     115        118
4 Porterville CA Water Revenue (Water System Financing Project) COP 4.000%  8/15/2031     125        132
4 Porterville CA Water Revenue (Water System Financing Project) COP 4.000%  8/15/2032     150        157
4 Porterville CA Water Revenue (Water System Financing Project) COP 4.000%  8/15/2033     155        162
4 Porterville CA Water Revenue (Water System Financing Project) COP 4.000%  8/15/2034     150        156
4 Porterville CA Water Revenue (Water System Financing Project) COP 4.000%  8/15/2036     200        207
4 Porterville CA Water Revenue (Water System Financing Project) COP 4.000%  8/15/2037     175        180
4 Porterville CA Water Revenue (Water System Financing Project) COP 4.000%  8/15/2040     225        229
  Portola Valley School District GO 3.000%   8/1/2035     875        858
  Portola Valley School District GO 3.000%   8/1/2036     640        619
  Portola Valley School District GO 3.000%   8/1/2037     700        667
  Portola Valley School District GO 3.000%   8/1/2038     675        634
  Portola Valley School District GO 3.000%   8/1/2039     725        672
  Portola Valley School District GO 3.000%   8/1/2040     530        477
3 Poway Public Financing Authority Water Revenue 5.000%   6/1/2040     550        613
3 Poway Public Financing Authority Water Revenue 5.000%   6/1/2041     365        404
3 Poway Public Financing Authority Water Revenue 4.000%   6/1/2043   1,230      1,241
  Poway Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Paguay Redevelopment Project) 5.000% 12/15/2026   1,370      1,385
  Poway Unified School District GO 0.000%   8/1/2028   9,070      8,568
  Poway Unified School District GO 0.000%   8/1/2029   5,310      4,874
  Poway Unified School District GO 0.000%   8/1/2030     100         89
  Poway Unified School District GO 0.000%   8/1/2031   2,375      2,054
  Poway Unified School District GO 0.000%   8/1/2034   3,500      2,721
  Poway Unified School District GO 0.000%   8/1/2035   8,475      6,336
  Poway Unified School District GO 0.000%   8/1/2036   9,420      6,754
  Poway Unified School District GO 0.000%   8/1/2038   6,495      4,269
  Poway Unified School District GO 0.000%   8/1/2039   3,445      2,159
  Poway Unified School District GO 0.000%   8/1/2041   3,000      1,703
  Poway Unified School District GO 0.000%   8/1/2046  18,860      7,766
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/2026   2,500      2,516
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/2033   1,595      1,803
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/2033   2,845      3,118
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/2034   1,890      2,128
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/2034   3,000      3,281
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/2035   1,245      1,394
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/2036   1,845      2,054
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/2036     500        541
4 Poway Unified School District Special Tax Revenue 4.000%   9/1/2026     190        191
4 Poway Unified School District Special Tax Revenue 4.000%   9/1/2027     315        320
4 Poway Unified School District Special Tax Revenue 4.000%   9/1/2029     265        274
4 Poway Unified School District Special Tax Revenue 4.000%   9/1/2029     390        403
4 Poway Unified School District Special Tax Revenue 5.000%   9/1/2032     345        373
52

 

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

($000)
4 Poway Unified School District Special Tax Revenue 5.000%   9/1/2032     325        351
4 Poway Unified School District Special Tax Revenue 2.875%   9/1/2033     180        172
4 Poway Unified School District Special Tax Revenue 3.000%   9/1/2034     405        388
4 Poway Unified School District Special Tax Revenue 4.000%   9/1/2034     500        514
4 Poway Unified School District Special Tax Revenue 3.000%   9/1/2035     235        223
4 Poway Unified School District Special Tax Revenue 4.000%   9/1/2036     715        731
4 Poway Unified School District Special Tax Revenue 3.000%   9/1/2037     500        463
4 Poway Unified School District Special Tax Revenue 4.000%   9/1/2038     835        848
4 Poway Unified School District Special Tax Revenue 3.125%   9/1/2039     565        506
4 Poway Unified School District Special Tax Revenue 4.000%   9/1/2040     970        979
7,10 Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.950%   6/1/2026   5,000      5,000
7,10 Public Finance Authority Local or Guaranteed Housing Revenue TOB VRDO 2.950%   6/1/2026  10,660     10,660
  Rancho Cordova CA Special Tax Revenue 4.000%   9/1/2026     180        180
  Rancho Cordova CA Special Tax Revenue 4.000%   9/1/2027     200        202
  Rancho Cordova CA Special Tax Revenue 4.000%   9/1/2029     240        245
3 Rancho Cordova CA Special Tax Revenue 5.000%   9/1/2032     800        894
3 Rancho Cordova CA Special Tax Revenue 5.000%   9/1/2033   1,000      1,113
3 Rancho Cordova CA Special Tax Revenue 5.000%   9/1/2034   1,000      1,105
  Rancho Cordova CA Special Tax Revenue 4.000%   9/1/2037     500        492
  Rancho Cordova CA Special Tax Revenue 4.000%   9/1/2037   3,000      3,000
3 Rancho Cordova CA Special Tax Revenue 5.000%   9/1/2038   4,895      5,319
  Rancho Cordova CA Special Tax Revenue 5.000%   9/1/2038     800        847
  Rancho Cordova CA Special Tax Revenue 5.000%   9/1/2039     800        847
  Rancho Cordova CA Special Tax Revenue 4.000%   9/1/2041     390        370
4 Rancho Santiago Community College District GO 0.000%   9/1/2028   1,000        941
4 Rancho Santiago Community College District GO 0.000%   9/1/2030  14,450     12,790
  Rancho Water District Financing Authority Water Revenue 3.000%   8/1/2040   5,105      4,683
  Ravenswood CA City School District GO 4.000%   8/1/2032     130        135
4 Ravenswood CA City School District GO 5.000%   8/1/2034     175        205
4 Ravenswood CA City School District GO 5.000%   8/1/2035     400        473
  Ravenswood CA City School District GO 4.000%   8/1/2036     270        276
4 Ravenswood CA City School District GO 5.000%   8/1/2037     425        495
  Ravenswood CA City School District GO 4.000%   8/1/2038     975        988
4 Ravenswood CA City School District GO 5.000%   8/1/2038     500        578
4 Ravenswood CA City School District GO 0.000%   8/1/2039     350        207
4 Ravenswood CA City School District GO 0.000%   8/1/2040   1,285        719
  Ravenswood CA City School District GO 4.000%   8/1/2040     590        595
4 Ravenswood CA City School District GO 0.000%   8/1/2041   1,250        660
4 Ravenswood CA City School District GO 0.000%   8/1/2042   1,070        531
3 Ravenswood CA City School District GO 5.000%   8/1/2043   2,075      2,247
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/2027   1,350      1,386
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/2030     800        843
2 Redding Joint Powers Financing Authority Electric Power & Light Revenue 3.750%   6/1/2035     500        500
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 4.000%   6/1/2045  10,345     10,218
  Redlands Unified School District GO 5.000%   7/1/2043   2,475      2,735
  Redlands Unified School District GO 5.000%   7/1/2044   2,100      2,298
  Redlands Unified School District GO 5.000%   7/1/2045   2,355      2,552
  Redondo Beach Unified School District GO 5.000%   8/1/2041     200        227
  Redondo Beach Unified School District GO 5.000%   8/1/2042     285        321
  Redondo Beach Unified School District GO 5.000%   8/1/2043     250        279
  Redondo Beach Unified School District GO 5.000%   8/1/2044     300        331
  Redondo Beach Unified School District GO 5.000%   8/1/2045     500        547
  Redwood City CA Special Tax Revenue 5.000%   9/1/2029     700        701
  Redwood City Public Facilities & Infrastructure Authority Lease (Abatement) Revenue 3.000%   6/1/2038   1,845      1,726
  Redwood City School District GO 3.000%   8/1/2033   1,430      1,420
  Redwood City School District GO 3.000%   8/1/2040   1,490      1,335
  Rialto CA Special Tax Revenue 5.000%   9/1/2043   2,340      2,441
  Rialto Redevelopment Agency Tax Increment/Allocation Revenue (Merged Project) 5.000%   9/1/2028   1,000      1,053
  Rialto Redevelopment Agency Tax Increment/Allocation Revenue (Merged Project) 5.000%   9/1/2030   1,285      1,350
  Rialto Redevelopment Agency Tax Increment/Allocation Revenue (Merged Project) 5.000%   9/1/2032     470        492
  Rialto Redevelopment Agency Tax Increment/Allocation Revenue (Merged Project) 5.000%   9/1/2033     760        794
  Rialto Redevelopment Agency Tax Increment/Allocation Revenue (Merged Project) 5.000%   9/1/2037   8,225      8,550
3 Rialto Unified School District COP 5.000%   9/1/2028     285        301
3 Rialto Unified School District COP 5.000%   9/1/2029     335        362
3 Rialto Unified School District COP 5.000%   9/1/2030     350        385
3 Rialto Unified School District COP 5.000%   9/1/2031     350        392
3 Rialto Unified School District COP 5.000%   9/1/2032     475        540
3 Rialto Unified School District COP 5.000%   9/1/2033     850        981
3 Rialto Unified School District COP 5.000%   9/1/2034     875      1,017
3 Rialto Unified School District COP 5.000%   9/1/2035   1,555      1,788
53

 

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

($000)
3 Rialto Unified School District GO 0.000%   8/1/2028     115        108
3 Rialto Unified School District GO 0.000%   8/1/2029     140        128
3 Rialto Unified School District GO 0.000%   8/1/2030     665        586
3 Rialto Unified School District GO 0.000%   8/1/2031     595        506
3 Rialto Unified School District GO 0.000%   8/1/2032     925        759
3 Rialto Unified School District GO 0.000%   8/1/2033     860        678
3 Rialto Unified School District GO 0.000%   8/1/2034     400        301
3 Rialto Unified School District GO 0.000%   8/1/2035     825        590
3 Rialto Unified School District GO 0.000%   8/1/2036     720        488
  Richmond CA Wastewater Sewer Revenue 4.000%   8/1/2035   3,285      3,362
  Richmond CA Wastewater Sewer Revenue 4.000%   8/1/2037   2,000      2,036
  Richmond CA Wastewater Sewer Revenue 5.000%   8/1/2039     760        805
  Richmond Joint Powers Financing Authority Lease (Abatement) Revenue 5.500%  11/1/2029      50         50
4 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/2027   1,065      1,104
4 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/2028   1,225      1,301
4 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/2029   1,600      1,737
4 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/2034   3,025      3,231
4 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/2035   1,210      1,289
4 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/2036   1,670      1,773
4 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/2037   1,600      1,693
3 Rio Elementary CA School District BAN GO 0.000%   7/1/2028   3,000      2,823
  Rio Hondo CA Community College District GO 0.000%   8/1/2031   2,045      1,751
  Rio Hondo CA Community College District GO 0.000%   8/1/2035   5,000      3,667
  Rio Hondo CA Community College District GO 5.000%   8/1/2042     795        894
  Rio Hondo CA Community College District GO 5.000%   8/1/2043     500        559
  Rio Hondo CA Community College District GO 5.000%   8/1/2044   1,250      1,381
  Rio Hondo CA Community College District GO 5.000%   8/1/2045   1,250      1,367
4 River Islands Public Financing Authority Special Tax Revenue 5.000%   9/1/2036     365        395
4 River Islands Public Financing Authority Special Tax Revenue 5.000%   9/1/2036     325        368
4 River Islands Public Financing Authority Special Tax Revenue 5.000%   9/1/2037     300        324
4 River Islands Public Financing Authority Special Tax Revenue 4.000%   9/1/2038     500        519
  River Islands Public Financing Authority Special Tax Revenue 5.000%   9/1/2039   2,180      2,289
  River Islands Public Financing Authority Special Tax Revenue 4.500%   9/1/2040   1,900      1,908
  River Islands Public Financing Authority Special Tax Revenue 4.000%   9/1/2041     995        930
4 River Islands Public Financing Authority Special Tax Revenue 5.000%   9/1/2041     540        600
4 River Islands Public Financing Authority Special Tax Revenue 4.250%   9/1/2042   1,000      1,018
4 River Islands Public Financing Authority Special Tax Revenue 5.000%   9/1/2042   4,000      4,274
4 River Islands Public Financing Authority Special Tax Revenue 4.250%   9/1/2043   1,500      1,536
  River Islands Public Financing Authority Special Tax Revenue 4.500%   9/1/2044   1,660      1,620
  River Islands Public Financing Authority Special Tax Revenue 4.750%   9/1/2045   3,405      3,399
  River Islands Public Financing Authority Special Tax Revenue 4.000%   9/1/2046   1,285      1,098
4 River Islands Public Financing Authority Special Tax Revenue 5.000%   9/1/2046     910        976
  Riverside CA Electric Power & Light Revenue 5.000%  10/1/2040     350        389
  Riverside CA Electric Power & Light Revenue 5.000%  10/1/2041     600        665
  Riverside CA Electric Power & Light Revenue 5.000%  10/1/2042     515        567
  Riverside CA Electric Power & Light Revenue 5.000%  10/1/2043     340        373
  Riverside CA Sewer Revenue 5.000%   8/1/2026     600        602
  Riverside CA Water Revenue 5.000%  10/1/2040   1,250      1,385
  Riverside CA Water Revenue 5.000%  10/1/2042   1,250      1,366
  Riverside Community College District GO 3.000%   8/1/2033     770        766
  Riverside Community College District GO 4.000%   8/1/2034   3,630      3,756
  Riverside Community College District GO 3.000%   8/1/2036   1,795      1,727
  Riverside Community College District GO 3.000%   8/1/2036   2,000      1,924
  Riverside Community College District GO 3.000%   8/1/2037   5,355      5,059
  Riverside Community College District GO 3.000%   8/1/2038   3,775      3,510
  Riverside Community College District GO 3.000%   8/1/2038   7,065      6,570
  Riverside Community College District GO 3.000%   8/1/2039   4,210      3,850
  Riverside Community College District GO 3.000%   8/1/2039   7,240      6,622
  Riverside Community College District GO 3.000%   8/1/2040   2,000      1,802
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/2028     500        509
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/2030   1,070      1,089
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/2032   1,150      1,168
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/2035   1,930      1,950
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/2036   2,010      2,026
3 Riverside County Public Financing Authority Tax Increment/Allocation Revenue 5.000%  10/1/2033   3,535      3,640
3 Riverside County Public Financing Authority Tax Increment/Allocation Revenue 5.000%  10/1/2035   1,220      1,254
3 Riverside County Public Financing Authority Tax Increment/Allocation Revenue 4.000%  10/1/2040   5,000      5,002
4 Riverside County Public Financing Authority Tax Increment/Allocation Revenue (Redevelopment Project Area No. 1) 5.000%  10/1/2026     450        453
54

 

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

($000)
4 Riverside County Public Financing Authority Tax Increment/Allocation Revenue (Redevelopment Project Area No. 1) 5.000%  10/1/2027     300        309
4 Riverside County Public Financing Authority Tax Increment/Allocation Revenue (Redevelopment Project Area No. 1) 5.000%  10/1/2028     650        687
4 Riverside County Public Financing Authority Tax Increment/Allocation Revenue (Redevelopment Project Area No. 1) 5.000%  10/1/2029     750        810
4 Riverside County Public Financing Authority Tax Increment/Allocation Revenue (Redevelopment Project Area No. 1) 5.000%  10/1/2030     770        848
4 Riverside County Public Financing Authority Tax Increment/Allocation Revenue (Redevelopment Project Area No. 1) 5.000%  10/1/2031   1,230      1,377
4 Riverside County Public Financing Authority Tax Increment/Allocation Revenue (Redevelopment Project Area No. 1) 5.000%  10/1/2032   1,180      1,340
4 Riverside County Public Financing Authority Tax Increment/Allocation Revenue (Redevelopment Project Area No. 1) 5.000%  10/1/2033   1,000      1,150
3 Riverside County Redevelopment Successor Agency Tax Increment/Allocation Revenue 5.000%  10/1/2037   1,015      1,021
  Riverside County Redevelopment Successor Agency Tax Increment/Allocation Revenue 0.000%  10/1/2038   1,420        877
3 Riverside County Redevelopment Successor Agency Tax Increment/Allocation Revenue 4.000%  10/1/2039   3,750      3,755
4 Riverside County Redevelopment Successor Agency Tax Increment/Allocation Revenue (Jurupa Valley Redevelopment Project) 5.000%  10/1/2029   1,900      1,961
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/2031   5,000      4,212
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/2032   4,000      3,242
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/2033   5,500      4,283
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/2034   6,805      5,082
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/2037   4,150      4,311
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/2038   6,760      7,002
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/2040   3,750      3,835
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/2041   3,500      3,563
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/2046   1,000        982
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/2047   2,752      2,634
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/2035   1,100      1,158
  Riverside Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2027   1,385      1,387
  Riverside Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2029   1,265      1,267
  Riverside Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2033   1,055      1,057
  Riverside Unified School District GO 4.000%   8/1/2030     850        864
  Riverside Unified School District GO 4.000%   8/1/2031   1,250      1,269
  Riverside Unified School District GO 4.000%   8/1/2034   1,135      1,148
  Riverside Unified School District GO 3.000%   8/1/2036   2,000      1,898
  Riverside Unified School District GO 3.000%   8/1/2037   4,800      4,490
  Riverside Unified School District GO 3.000%   8/1/2038   2,310      2,131
  Riverside Unified School District GO 3.000%   8/1/2039   5,000      4,548
  Riverside Unified School District GO 3.000%   8/1/2040   7,500      6,674
  Riverside Unified School District Special Tax Revenue 5.000%   9/1/2039     500        525
  Riverside Unified School District Special Tax Revenue 5.000%   9/1/2044     690        713
3 RNR School Financing Authority Special Tax Revenue 4.000%   9/1/2027   1,550      1,579
3 RNR School Financing Authority Special Tax Revenue 4.000%   9/1/2028   1,650      1,705
3 RNR School Financing Authority Special Tax Revenue 4.000%   9/1/2029   1,820      1,904
  Romoland School District Special Tax Revenue 4.000%   9/1/2026     100        100
  Romoland School District Special Tax Revenue 4.000%   9/1/2028     100        102
  Romoland School District Special Tax Revenue 4.000%   9/1/2029     100        102
  Romoland School District Special Tax Revenue 4.000%   9/1/2031     100        101
  Romoland School District Special Tax Revenue 4.000%   9/1/2032     100        101
  Romoland School District Special Tax Revenue 4.000%   9/1/2033     100        101
  Romoland School District Special Tax Revenue 4.000%   9/1/2034     100        101
  Romoland School District Special Tax Revenue 4.000%   9/1/2035     115        116
  Romoland School District Special Tax Revenue 5.000%   9/1/2038     250        267
  Romoland School District Special Tax Revenue 5.000%   9/1/2039     610        652
  Romoland School District Special Tax Revenue 5.000%   9/1/2043     440        459
  Romoland School District Special Tax Revenue 5.000%   9/1/2044     565        586
  Roseville CA Electric System Intergovernmental Agreement Revenue 5.000%   2/1/2032     250        254
  Roseville CA Electric System Intergovernmental Agreement Revenue 5.000%   2/1/2033     350        355
  Roseville CA Special Tax Revenue 4.000%   9/1/2026     110        110
  Roseville CA Special Tax Revenue 4.000%   9/1/2026     100        100
  Roseville CA Special Tax Revenue 4.000%   9/1/2027     220        222
  Roseville CA Special Tax Revenue 4.000%   9/1/2027     120        121
  Roseville CA Special Tax Revenue 4.000%   9/1/2028     205        209
  Roseville CA Special Tax Revenue 4.000%   9/1/2028     205        208
  Roseville CA Special Tax Revenue 4.000%   9/1/2029     200        205
  Roseville CA Special Tax Revenue 4.000%   9/1/2029     240        245
  Roseville CA Special Tax Revenue 5.000%   9/1/2029     425        426
  Roseville CA Special Tax Revenue 4.000%   9/1/2030     125        128
  Roseville CA Special Tax Revenue 4.000%   9/1/2030      85         87
55

 

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

($000)
  Roseville CA Special Tax Revenue 4.000%   9/1/2031     165        169
  Roseville CA Special Tax Revenue 4.000%   9/1/2032     265        270
  Roseville CA Special Tax Revenue 4.000%   9/1/2033     250        255
  Roseville CA Special Tax Revenue 4.000%   9/1/2033     570        578
  Roseville CA Special Tax Revenue 4.000%   9/1/2034     500        505
  Roseville CA Special Tax Revenue 5.000%   9/1/2034     250        268
  Roseville CA Special Tax Revenue 4.000%   9/1/2036     750        754
  Roseville CA Special Tax Revenue 4.000%   9/1/2036     485        486
  Roseville CA Special Tax Revenue 2.500%   9/1/2037   1,540      1,270
  Roseville CA Special Tax Revenue 5.000%   9/1/2039   1,000      1,050
  Roseville CA Special Tax Revenue 5.000%   9/1/2040     400        415
  Roseville CA Special Tax Revenue 4.000%   9/1/2041     305        298
  Roseville CA Special Tax Revenue 4.000%   9/1/2041   2,290      2,230
  Roseville CA Special Tax Revenue 4.000%   9/1/2041     500        483
  Roseville CA Special Tax Revenue 5.000%   9/1/2044     700        717
  Roseville CA Special Tax Revenue 5.000%   9/1/2045   1,000      1,020
  Roseville Finance Authority Special Tax Revenue 5.000%   9/1/2027   1,100      1,135
  Roseville Finance Authority Special Tax Revenue 5.000%   9/1/2029     750        774
4 Roseville Finance Authority Special Tax Revenue 5.000%   9/1/2030   2,000      2,063
4 Roseville Finance Authority Special Tax Revenue 5.000%   9/1/2031   2,665      2,746
3 Roseville Joint Union High School District (School Financing Project) COP 1.000%   6/1/2026     300        300
3 Roseville Joint Union High School District (School Financing Project) COP 1.125%   6/1/2027     370        361
3 Roseville Joint Union High School District (School Financing Project) COP 1.250%   6/1/2028     615        586
3 Roseville Joint Union High School District (School Financing Project) COP 2.125%   6/1/2035   2,000      1,719
  Roseville Joint Union High School District GO 0.000%   8/1/2026     500        498
  Roseville Joint Union High School District GO 0.000%   8/1/2028     500        466
4 Roseville Joint Union High School District GO 0.000%   8/1/2029   3,215      2,937
  Roseville Joint Union High School District GO 0.000%   8/1/2029   1,085        975
  Roseville Joint Union High School District GO 0.000%   8/1/2030   1,000        862
4 Roseville Joint Union High School District GO 0.000%   8/1/2031   6,815      5,826
  Roseville Joint Union High School District GO 0.000%   8/1/2031   1,585      1,307
  Roseville Joint Union High School District GO 0.000%   8/1/2033     500        395
5 Roseville Joint Union High School District GO 5.000%   8/1/2036   1,950      2,256
5 Roseville Joint Union High School District GO 5.000%   8/1/2037   2,145      2,467
5 Roseville Joint Union High School District GO 5.000%   8/1/2038     640        728
  Roseville Joint Union High School District GO 0.000%   8/1/2039     530        302
  Roseville Joint Union High School District GO 0.000%   8/1/2040     500        268
5 Roseville Joint Union High School District GO 5.000%   8/1/2040   1,000      1,113
5 Roseville Joint Union High School District GO 5.000%   8/1/2041   1,000      1,107
5 Roseville Joint Union High School District GO 5.000%   8/1/2046   1,270      1,349
  Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000%  2/15/2027     455        461
  Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000%  2/15/2028   1,725      1,777
4 Ross Valley CA School District GO 0.000%   7/1/2026     510        509
  Rowland Unified School District GO 4.000%   8/1/2043   2,135      2,152
  Rowland Unified School District GO 4.000%   8/1/2045   4,225      4,193
3 Sacramento Area Flood Control Agency Special Assessment Revenue 5.000%  10/1/2026     280        280
3 Sacramento Area Flood Control Agency Special Assessment Revenue 5.000%  10/1/2027     650        651
3 Sacramento Area Flood Control Agency Special Assessment Revenue 5.000%  10/1/2028     250        250
3 Sacramento Area Flood Control Agency Special Assessment Revenue 5.000%  10/1/2029     500        501
3 Sacramento Area Flood Control Agency Special Assessment Revenue 5.000%  10/1/2033   1,280      1,282
3 Sacramento Area Flood Control Agency Special Assessment Revenue 5.000%  10/1/2034   1,340      1,342
  Sacramento Area Flood Control Agency Special Assessment Revenue 4.000%  10/1/2040   2,390      2,414
  Sacramento CA City Unified School District GO 5.000%   8/1/2027     205        211
3 Sacramento CA City Unified School District GO 5.000%   7/1/2028   1,000      1,051
3 Sacramento CA City Unified School District GO 5.000%   7/1/2029   1,885      2,025
4 Sacramento CA City Unified School District GO 4.000%   8/1/2029     200        209
3 Sacramento CA City Unified School District GO 5.000%   7/1/2030   2,300      2,518
4 Sacramento CA City Unified School District GO 4.000%   8/1/2030     200        211
4 Sacramento CA City Unified School District GO 4.000%   8/1/2031     220        231
4 Sacramento CA City Unified School District GO 4.000%   8/1/2033     200        208
4 Sacramento CA City Unified School District GO 4.000%   8/1/2034     605        628
4 Sacramento CA City Unified School District GO 6.000%   8/1/2034   1,380      1,696
4 Sacramento CA City Unified School District GO 4.000%   8/1/2035     450        466
4 Sacramento CA City Unified School District GO 4.000%   8/1/2037   1,000      1,026
3 Sacramento CA City Unified School District GO 5.000%   8/1/2038   1,000      1,063
3 Sacramento CA City Unified School District GO 5.000%   8/1/2039   2,010      2,126
3 Sacramento CA City Unified School District GO 5.000%   8/1/2041   2,000      2,099
3 Sacramento CA City Unified School District GO 4.000%   8/1/2042   4,350      4,393
4 Sacramento CA City Unified School District GO 5.000%   8/1/2043   3,320      3,595
4 Sacramento CA City Unified School District GO 5.000%   8/1/2043   1,400      1,528
56

 

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

($000)
4 Sacramento CA City Unified School District GO 5.000%   8/1/2043   2,650      2,892
4 Sacramento CA City Unified School District GO 5.000%   8/1/2044   9,730     10,481
4 Sacramento CA City Unified School District GO 5.000%   8/1/2044   2,870      3,114
4 Sacramento CA City Unified School District GO 5.000%   8/1/2044   3,085      3,345
4 Sacramento CA City Unified School District GO 5.000%   8/1/2045   2,750      2,957
4 Sacramento CA City Unified School District GO 5.000%   8/1/2045   3,740      4,021
4 Sacramento CA North Natomas Community Facilities District No. 4 Special Tax Revenue 5.000%   9/1/2029   2,215      2,376
  Sacramento CA Special Tax Revenue 4.000%   9/1/2026     505        506
  Sacramento CA Special Tax Revenue 4.000%   9/1/2028     635        647
  Sacramento CA Special Tax Revenue 4.000%   9/1/2030     260        268
  Sacramento CA Special Tax Revenue 4.000%   9/1/2031     220        226
  Sacramento CA Special Tax Revenue 4.000%   9/1/2032     315        323
  Sacramento CA Special Tax Revenue 4.000%   9/1/2034     560        570
  Sacramento CA Special Tax Revenue 4.000%   9/1/2036     660        666
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2027   1,535      1,570
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2028   1,605      1,688
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2028   1,500      1,578
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2029   1,240      1,302
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2030     930        976
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2031   2,000      2,095
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2031   1,600      1,675
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2032   1,395      1,459
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2033     985      1,028
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2034   1,250      1,303
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2034   1,520      1,584
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2035   2,000      2,082
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2037   2,405      2,495
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2038   1,290      1,336
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2038   1,375      1,424
  Sacramento CA Water Revenue 5.000%   9/1/2042   6,465      6,591
2 Sacramento City Financing Authority Tax Increment/Allocation Revenue 0.000%  12/1/2027  15,815     15,192
2 Sacramento City Financing Authority Tax Increment/Allocation Revenue 0.000%  12/1/2031   5,000      4,237
2 Sacramento City Financing Authority Tax Increment/Allocation Revenue 0.000%  12/1/2034  10,360      7,832
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2027   1,000      1,026
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2027   1,815      1,863
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2028   1,410      1,485
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2030   3,410      3,595
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2031   1,845      1,943
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2032     665        699
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2032   1,510      1,588
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2033     750        787
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2036   1,250      1,305
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2037   2,530      2,636
  Sacramento County CA Airport System Port, Airport & Marina Revenue 4.000%   7/1/2039   1,000      1,017
3 Sacramento County CA Airport System Port, Airport & Marina Revenue BAN 4.000%   7/1/2038     960        983
  Sacramento County CA Housing Authority Local or Guaranteed Housing Revenue 4.125%   5/1/2040   2,455      2,470
  Sacramento County CA Special Tax Revenue 5.000%   9/1/2027   2,360      2,411
  Sacramento County CA Special Tax Revenue 5.000%   9/1/2028   3,000      3,108
  Sacramento County CA Special Tax Revenue 5.000%   9/1/2029   3,105      3,251
  Sacramento County CA Special Tax Revenue 5.000%   9/1/2030   7,030      7,431
  Sacramento County CA Special Tax Revenue 5.000%   9/1/2032   3,050      3,249
  Sacramento County CA Special Tax Revenue 5.000%   9/1/2034   3,400      3,606
  Sacramento County CA Special Tax Revenue 5.000%   9/1/2035   1,635      1,731
  Sacramento County CA Special Tax Revenue 5.000%   9/1/2036   1,000      1,055
  Sacramento County CA Special Tax Revenue 5.000%   9/1/2037   1,200      1,261
  Sacramento County CA Special Tax Revenue 5.000%   9/1/2042   5,000      5,151
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2039   1,250      1,400
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2040   2,245      2,504
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2041   1,675      1,859
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2042   2,370      2,610
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000% 11/15/2042   2,000      2,221
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2043   3,125      3,424
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000% 11/15/2043   2,000      2,209
  Sacramento Municipal Utility District Electric Power & Light Revenue 4.000%  8/15/2045  14,560     14,509
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000% 11/15/2045   4,000      4,351
  Sacramento Municipal Utility District Electric Power & Light Revenue PUT 5.000% 10/15/2030  11,500     12,594
  Sacramento Regional Transit District Transit Revenue 4.000%   3/1/2035     850        867
  Sacramento Regional Transit District Transit Revenue 4.000%   3/1/2036     680        691
  Sacramento Regional Transit District Transit Revenue 4.000%   3/1/2037     950        959
  Sacramento Regional Transit District Transit Revenue 4.000%   3/1/2038   2,820      2,837
57

 

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

($000)
  Sacramento Regional Transit District Transit Revenue 4.000%   3/1/2039   2,930      2,945
  Sacramento Regional Transit District Transit Revenue 4.000%   3/1/2040   2,045      2,055
  Sacramento Regional Transit District Transit Revenue 4.000%   3/1/2041   1,075      1,079
3 Salinas City Elementary School District GO 5.000%   8/1/2043   1,050      1,124
  Salinas Union High School District GO 4.000%   8/1/2036   1,000      1,026
  Salinas Union High School District GO 4.000%   8/1/2038   1,200      1,220
  Salinas Union High School District GO 5.000%   8/1/2038     600        693
  Salinas Union High School District GO 4.000%   8/1/2039   1,000      1,014
  Salinas Union High School District GO 4.000%   8/1/2040   1,000      1,011
  Salinas Union High School District GO 5.000%   8/1/2041   1,380      1,512
  Salinas Union High School District GO 5.000%   8/1/2042   1,000      1,125
  Salinas Union High School District GO 5.000%   8/1/2043     800        894
  Salinas Union High School District GO 5.000%   8/1/2044   1,000      1,106
4 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/2027   1,245      1,287
4 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/2028   2,315      2,454
4 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/2035   2,500      2,618
4 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/2038   3,250      3,384
4 San Bernardino City Unified School District COP 4.375%  10/1/2043   5,000      5,171
2 San Bernardino City Unified School District GO 0.000%   8/1/2026   1,300      1,294
2 San Bernardino City Unified School District GO 0.000%   8/1/2027     310        300
2,3 San Bernardino City Unified School District GO 0.000%   8/1/2027     455        440
4 San Bernardino City Unified School District GO 1.250%   8/1/2029     450        414
4 San Bernardino City Unified School District GO 4.000%   8/1/2029   1,100      1,148
4 San Bernardino City Unified School District GO 0.000%   8/1/2030  11,700     10,278
4 San Bernardino City Unified School District GO 5.000%   8/1/2030     630        649
4 San Bernardino City Unified School District GO 1.625%   8/1/2031   2,000      1,782
  San Bernardino Community College District GO 5.000%   8/1/2041   2,660      3,025
  San Bernardino Community College District GO 5.000%   8/1/2042   4,000      4,516
  San Bernardino Community College District GO 5.000%   8/1/2043   4,200      4,713
3 San Bernardino Community College District GO 0.000%   8/1/2044   7,000      3,222
  San Bernardino Community College District GO 0.000%   8/1/2044   4,200      1,771
  San Bernardino Community College District GO 0.000%   8/1/2045   2,825      1,116
  San Bernardino County Housing Authority Local or Guaranteed Housing Revenue 4.125%   7/1/2036   3,085      3,098
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/2029   1,315      1,352
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/2030     215        221
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/2031   2,365      2,425
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/2032   2,735      2,801
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/2033     815        834
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/2034   3,055      3,124
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/2035   1,635      1,670
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/2036   1,525      1,556
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/2037   1,070      1,091
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/2038   1,255      1,278
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/2042   1,000      1,017
  San Diego CA Unified School District GO 0.000%   7/1/2029   3,375      3,096
  San Diego CA Unified School District GO 0.000%   7/1/2029     940        854
  San Diego CA Unified School District GO 0.000%   7/1/2030   2,010      1,760
  San Diego CA Unified School District GO 0.000%   7/1/2030   2,570      2,294
  San Diego CA Unified School District GO 0.000%   7/1/2030   3,330      2,960
  San Diego CA Unified School District GO 0.000%   7/1/2031   2,300      1,936
  San Diego CA Unified School District GO 0.000%   7/1/2032   2,000      1,617
  San Diego CA Unified School District GO 0.000%   7/1/2032   2,750      2,288
  San Diego CA Unified School District GO 0.000%   7/1/2034   2,700      2,092
  San Diego CA Unified School District GO 4.000%   7/1/2034   3,000      3,154
  San Diego CA Unified School District GO 0.000%   7/1/2035   1,275        948
  San Diego CA Unified School District GO 0.000%   7/1/2035   1,025        729
  San Diego CA Unified School District GO 4.000%   7/1/2035   2,000      2,091
  San Diego CA Unified School District GO 4.000%   7/1/2036   1,640      1,684
  San Diego CA Unified School District GO 4.000%   7/1/2036   2,145      2,202
  San Diego CA Unified School District GO 4.000%   7/1/2036   3,000      3,116
  San Diego CA Unified School District GO 0.000%   7/1/2037   2,000      1,363
  San Diego CA Unified School District GO 3.000%   7/1/2037   4,000      3,839
  San Diego CA Unified School District GO 4.000%   7/1/2037   1,735      1,772
  San Diego CA Unified School District GO 4.000%   7/1/2037   1,585      1,618
  San Diego CA Unified School District GO 4.000%   7/1/2038   1,805      1,836
  San Diego CA Unified School District GO 5.000%   7/1/2038   1,805      2,060
  San Diego CA Unified School District GO 0.000%   7/1/2039   4,160      2,587
  San Diego CA Unified School District GO 4.000%   7/1/2039   1,570      1,594
  San Diego CA Unified School District GO 4.000%   7/1/2039   2,030      2,061
  San Diego CA Unified School District GO 0.000%   7/1/2040   1,500        891
58

 

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

($000)
  San Diego CA Unified School District GO 5.000%   7/1/2040     485        533
  San Diego CA Unified School District GO 5.000%   7/1/2040   2,820      3,176
  San Diego CA Unified School District GO 5.000%   7/1/2041     620        677
  San Diego CA Unified School District GO 5.000%   7/1/2041   1,000      1,118
  San Diego CA Unified School District GO 5.000%   7/1/2041   5,050      5,645
  San Diego CA Unified School District GO 5.000%   7/1/2041   2,635      3,155
  San Diego CA Unified School District GO 0.000%   7/1/2042   2,800      1,503
  San Diego CA Unified School District GO 5.000%   7/1/2042     430        467
  San Diego CA Unified School District GO 5.000%   7/1/2042   4,225      4,691
  San Diego CA Unified School District GO 5.000%   7/1/2042   2,600      3,103
  San Diego CA Unified School District GO 0.000%   7/1/2043   1,000        509
  San Diego CA Unified School District GO 5.000%   7/1/2043     600        663
  San Diego CA Unified School District GO 5.000%   7/1/2043   4,000      4,418
  San Diego CA Unified School District GO 5.000%   7/1/2043     520        619
  San Diego CA Unified School District GO 5.000%   7/1/2043   2,500      2,977
  San Diego CA Unified School District GO 0.000%   7/1/2044   3,000      1,439
  San Diego CA Unified School District GO 5.000%   7/1/2044     680        745
  San Diego CA Unified School District GO 5.000%   7/1/2044   1,575      1,726
  San Diego CA Unified School District GO 5.000%   7/1/2044   1,375      1,625
  San Diego CA Unified School District GO 5.000%   7/1/2044   2,000      2,212
  San Diego CA Unified School District GO 5.000%   7/1/2044   2,250      2,488
  San Diego CA Unified School District GO 5.000%   7/1/2044   3,785      4,472
  San Diego CA Unified School District GO 0.000%   7/1/2045   4,840      2,194
  San Diego CA Unified School District GO 4.000%   7/1/2045   1,875      1,878
  San Diego CA Unified School District GO 5.000%   7/1/2045   1,380      1,503
  San Diego CA Unified School District GO 5.000%   7/1/2045     500        583
  San Diego CA Unified School District GO 5.000%   7/1/2045   1,220      1,340
  San Diego CA Unified School District GO 5.000%   7/1/2045   2,540      2,789
  San Diego CA Unified School District GO 5.000%   7/1/2045   2,630      3,065
  San Diego CA Unified School District GO 4.000%   7/1/2046   2,500      2,474
  San Diego CA Unified School District GO, ETM 0.000%   7/1/2026   4,925      4,914
  San Diego CA Unified School District GO, ETM 0.000%   7/1/2026   3,500      3,492
  San Diego CA Unified School District GO, ETM 0.000%   7/1/2027   5,470      5,311
  San Diego CA Unified School District GO, ETM 0.000%   7/1/2027   1,370      1,330
  San Diego CA Unified School District GO, ETM 0.000%   7/1/2027   1,690      1,641
  San Diego CA Unified School District GO, ETM 0.000%   7/1/2028   1,115      1,054
  San Diego CA Unified School District GO, ETM 0.000%   7/1/2028     960        908
  San Diego CA Unified School District GO, ETM 0.000%   7/1/2028   2,390      2,260
  San Diego CA Unified School District GO, ETM 0.000%   7/1/2028   3,535      3,342
  San Diego CA Unified School District GO, ETM 0.000%   7/1/2029     310        285
  San Diego CA Unified School District GO, ETM 0.000%   7/1/2030     625        558
  San Diego CA Unified School District GO, ETM 0.000%   7/1/2030   3,915      3,494
  San Diego CA Unified School District GO, ETM 0.000%   7/1/2030   5,220      4,659
  San Diego CA Unified School District GO, ETM 0.000%   7/1/2030   1,000        892
  San Diego Community College District GO 4.000%   8/1/2041   1,450      1,481
  San Diego Community College District GO 4.000%   8/1/2042   2,000      2,028
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2027   2,035      2,094
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2030     780        842
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2032   1,000      1,026
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2033   1,315      1,348
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2033     455        498
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2034   1,870      2,002
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2034   1,010      1,035
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2035   2,925      3,121
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2035   1,000      1,024
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2036   2,765      2,828
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2036     410        444
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/2037   8,000      8,164
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/2037   1,600      1,652
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2037   1,690      1,726
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2037     560        605
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2038   2,850      3,071
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2038     585        630
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2039   6,025      6,361
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2040     650        697
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2040   1,000      1,113
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/2041   2,520      2,548
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2041   2,250      2,492
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2042   3,000      3,051
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2042   2,500      2,753
59

 

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%   7/1/2042   1,350      1,519
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2043   1,455      1,594
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2043   1,220      1,365
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2044   2,470      2,575
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2044   2,935      3,255
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2045   3,190      3,509
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2041   2,250      2,493
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2042   2,000      2,203
  San Diego Housing Authority Inc. Local or Guaranteed Housing Revenue 4.200%   6/1/2040   9,235      9,300
7,10 San Diego Housing Authority Inc. Local or Guaranteed Housing Revenue TOB VRDO 2.870%   6/1/2026   2,130      2,130
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%   8/1/2037   3,360      3,513
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2038   1,540      1,790
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2039   1,770      2,043
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%   8/1/2040   1,500      1,666
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%   8/1/2042   2,500      2,748
10 San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue TOB VRDO 1.600%   6/4/2026   7,025      7,025
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2040   3,000      3,402
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2041   2,240      2,532
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2042   2,670      2,996
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2043   3,275      3,638
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2044   2,230      2,455
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2045   1,995      2,178
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/2038   1,000      1,077
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/2040     800        882
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/2041   1,630      1,739
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/2042   1,000      1,093
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/2043   1,420      1,563
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/2044   1,000      1,092
4 San Diego Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 0.000%   9/1/2026   3,665      3,640
  San Dieguito Union High School District GO 3.000%   8/1/2037   1,125      1,072
  San Dieguito Union High School District GO 3.000%   8/1/2038   5,690      5,346
  San Dieguito Union High School District GO 3.000%   8/1/2039   1,220      1,128
  San Dieguito Union High School District GO 3.000%   8/1/2040   2,235      2,003
  San Dieguito Union High School District GO 3.000%   8/1/2041   1,250      1,108
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2032   6,000      6,871
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2034   8,250      9,703
  San Francisco Bay Area Rapid Transit District GO 4.000%   8/1/2035   1,625      1,676
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2035   5,000      5,940
  San Francisco Bay Area Rapid Transit District GO 2.000%   8/1/2039   2,500      1,906
  San Francisco Bay Area Rapid Transit District GO 2.000%   8/1/2040   2,000      1,458
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2040   3,500      4,028
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2041   2,390      2,727
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2042   3,805      4,312
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2043   3,255      3,656
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2044   1,810      2,011
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2045   2,385      2,623
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/2034   1,615      1,628
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/2039   2,240      2,247
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 3.000%   7/1/2044  24,555     20,675
  San Francisco CA City & County (49 South Van Ness Project) COP 4.000%   4/1/2031   1,915      1,934
  San Francisco CA City & County (Animal Care & Control Project) COP 4.000%   4/1/2030   2,180      2,239
  San Francisco CA City & County (Animal Care & Control Project) COP 4.000%   4/1/2031   2,265      2,321
  San Francisco CA City & County (Animal Care & Control Project) COP 4.000%   4/1/2032   2,355      2,407
  San Francisco CA City & County (Animal Care & Control Project) COP 4.000%   4/1/2033   2,450      2,499
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 3.000%   4/1/2030   8,085      8,092
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 3.000%   4/1/2031   8,405      8,411
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 3.000%  10/1/2031   6,075      6,079
  San Francisco CA City & County (Music Concourse Garage Project) COP 5.000%   4/1/2042     500        555
  San Francisco CA City & County (Music Concourse Garage Project) COP 4.000%   4/1/2043     500        505
  San Francisco CA City & County (Music Concourse Garage Project) COP 5.000%   4/1/2044     325        355
  San Francisco CA City & County (Music Concourse Garage Project) COP 4.000%   4/1/2045     125        125
  San Francisco CA City & County Community Facilities District No. 2014-1 Special Tax Revenue 5.000%   9/1/2042   1,000      1,066
  San Francisco CA City & County COP 4.000%   4/1/2043   1,065      1,076
  San Francisco CA City & County COP 4.000%   4/1/2044   1,260      1,266
  San Francisco CA City & County COP 4.000%   4/1/2045     800        800
10 San Francisco CA City & County District No. 2020-1 Special Tax Revenue 4.000%   9/1/2026     150        150
10 San Francisco CA City & County District No. 2020-1 Special Tax Revenue 4.000%   9/1/2031     375        381
10 San Francisco CA City & County District No. 2020-1 Special Tax Revenue 4.000%   9/1/2036   2,100      2,102
  San Francisco CA City & County GO 2.000%  6/15/2031   1,815      1,685
  San Francisco CA City & County GO 2.000%  6/15/2032   4,110      3,745
60

 

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

($000)
  San Francisco CA City & County GO 4.000%  6/15/2032   5,460      5,601
  San Francisco CA City & County GO 2.000%  6/15/2033   4,775      4,262
  San Francisco CA City & County GO 4.000%  6/15/2035     200        204
  San Francisco CA City & County GO 4.000%  6/15/2037   1,145      1,174
  San Francisco CA City & County GO 4.000%  6/15/2042   1,270      1,273
10 San Francisco CA City & County Infrastructure & Revitalization Fing District No. 1 Facilities Tax Increment/Allocation Revenue 5.000%   9/1/2032     500        536
10 San Francisco CA City & County Infrastructure & Revitalization Fing District No. 1 Facilities Tax Increment/Allocation Revenue 5.000%   9/1/2032     420        450
10 San Francisco CA City & County Infrastructure & Revitalization Fing District No. 1 Facilities Tax Increment/Allocation Revenue 5.000%   9/1/2037     500        523
  San Francisco CA City & County Local or Guaranteed Housing Revenue 2.550%   7/1/2039     785        633
  San Francisco CA City & County Multifamily Housing Local or Guaranteed Housing Revenue 5.000%   2/1/2046   3,980      4,161
10 San Francisco CA City & County Multifamily Housing Local or Guaranteed Housing Revenue TOB VRDO 2.950%   6/1/2026  47,400     47,400
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2038   4,330      5,166
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2039   2,775      3,311
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/2040   2,500      2,596
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2040   1,550      1,728
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2040   1,570      1,884
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/2041   5,270      5,414
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2041   2,530      2,812
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2041   1,000      1,131
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2042   3,200      3,534
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2042     750        842
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2043   2,220      2,437
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2043   2,795      3,068
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2043   1,480      1,624
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2043     570        635
  San Francisco City & County Airport Commission San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2045   2,925      3,180
  San Francisco City & County Airport Commission San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2046   2,905      3,131
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2034   1,675      1,853
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2035   5,000      5,513
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2036   9,090      9,632
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2036   2,000      2,197
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/2037   7,750      7,953
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2037  10,800     11,417
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/2038   8,705      8,893
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2038  10,000     10,550
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/2039   4,875      4,964
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/2040   1,720      1,742
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2040   3,500      3,902
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2041   2,250      2,499
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2042   2,750      3,030
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2043   3,250      3,526
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2043   1,555      1,703
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2044   2,635      2,864
5 San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2044   3,190      3,526
5 San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2045   3,235      3,543
5 San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2046  10,000     10,849
7,10 San Francisco City & County Local or Guaranteed Housing Revenue TOB VRDO 1.750%   6/4/2026  14,585     14,585
  San Francisco City & County Port Commission Port, Airport & Marina Revenue 4.000%   3/1/2039   1,240      1,262
61

 

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

($000)
  San Francisco City & County Public Utilities Commission Power Electric Power & Light Revenue 4.000%  11/1/2039   1,235      1,273
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2034   3,550      3,698
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2037   3,135      3,251
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2038   4,790      4,961
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 4.000%  10/1/2039   1,400      1,455
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2041   1,595      1,749
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2043  25,340     26,051
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2046  11,725     12,628
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue PUT 4.000%  10/1/2029  45,655     47,388
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue, Prere. 5.000%   4/1/2028     495        519
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue, Prere. 5.000%  10/1/2032   1,375      1,579
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue, Prere. 5.000%  10/1/2032   1,000      1,149
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue, Prere. 5.000%  10/1/2032   1,490      1,711
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue, Prere. 5.000%  10/1/2032   1,500      1,723
4 San Francisco City & County Redevelopment Agency Successor Agency Special Tax Revenue 5.250%   8/1/2039   1,100      1,243
4 San Francisco City & County Redevelopment Agency Successor Agency Special Tax Revenue 5.250%   8/1/2040   1,500      1,689
4 San Francisco City & County Redevelopment Agency Successor Agency Special Tax Revenue 5.250%   8/1/2041   1,655      1,853
4 San Francisco City & County Redevelopment Agency Successor Agency Special Tax Revenue 5.250%   8/1/2042   1,250      1,391
4 San Francisco City & County Redevelopment Agency Successor Agency Special Tax Revenue 5.250%   8/1/2043   1,000      1,107
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/2026     510        512
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/2028     885        888
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/2029     755        758
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/2030     605        607
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/2031     935        938
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/2032     860        863
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/2033     750        752
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/2034     555        557
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/2035     620        622
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/2036     780        782
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/2027     140        140
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/2029     460        461
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/2031     400        400
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/2032     450        451
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/2032   1,000      1,003
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/2033     670        672
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/2033     660        662
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/2034     700        702
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/2034     660        662
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/2035     400        401
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/2035     900        903
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/2036     350        351
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/2036     625        627
4 San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Transbay Infrastructure Projects) 5.000%   8/1/2043   2,210      2,415
3 San Francisco Community College District GO 5.000%  6/15/2030     575        637
3 San Francisco Community College District GO 5.000%  6/15/2031     430        485
3 San Francisco Community College District GO 5.000%  6/15/2032     575        659
  San Francisco Community College District GO 4.000%  6/15/2033     850        884
3 San Francisco Community College District GO 5.000%  6/15/2033     750        872
62

 

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

($000)
  San Francisco Community College District GO 4.000%  6/15/2034     595        616
3 San Francisco Community College District GO 5.000%  6/15/2034     800        938
3 San Francisco Community College District GO 5.000%  6/15/2039   1,200      1,356
3 San Francisco Community College District GO 5.000%  6/15/2040   1,600      1,800
3 San Francisco Community College District GO 5.000%  6/15/2041   5,300      5,937
3 San Francisco Community College District GO 5.000%  6/15/2042   5,665      6,300
3 San Francisco Community College District GO 5.000%  6/15/2043   6,335      6,998
3 San Francisco Community College District GO 5.000%  6/15/2044   5,000      5,469
  San Francisco County Transportation Authority Sales Tax Revenue 3.000%   2/1/2032   1,310      1,278
  San Francisco Municipal Transportation Agency Transit Revenue 4.000%   3/1/2041     620        620
  San Francisco Unified School District GO 4.000%  6/15/2033   3,140      3,195
  San Francisco Unified School District GO 4.000%  6/15/2035   2,010      2,033
  San Francisco Unified School District GO 5.000%  6/15/2035   1,200      1,367
  San Francisco Unified School District GO 4.000%  6/15/2036   2,540      2,565
  San Francisco Unified School District GO 5.000%  6/15/2036   2,750      3,111
  San Francisco Unified School District GO 5.000%  6/15/2037   7,565      8,124
  San Francisco Unified School District GO 3.000%  6/15/2038   9,120      8,421
  San Francisco Unified School District GO 5.000%  6/15/2038   4,000      4,281
  San Francisco Unified School District GO 3.000%  6/15/2039   9,000      8,181
  San Francisco Unified School District GO 5.000%  6/15/2039   2,065      2,204
  San Francisco Unified School District GO 5.000%  6/15/2039   2,750      3,059
  San Francisco Unified School District GO 3.000%  6/15/2040   7,025      6,275
  San Francisco Unified School District GO 5.000%  6/15/2040   3,000      3,309
  San Francisco Unified School District GO 5.000%  6/15/2041   1,100      1,203
  San Francisco Unified School District GO 5.000%  6/15/2042   1,395      1,515
  San Francisco Unified School District GO 5.000%  6/15/2043   1,855      2,006
  San Gabriel Unified School District GO 0.000%   8/1/2036   1,300        897
  San Jacinto Community Facilities District Special Tax Revenue 5.000%   9/1/2028   1,080      1,086
  San Jacinto Community Facilities District Special Tax Revenue 5.000%   9/1/2029   1,165      1,172
  San Jacinto Community Facilities District Special Tax Revenue 5.000%   9/1/2030   1,225      1,232
4 San Jacinto Unified School District COP 5.000%   9/1/2029   1,255      1,356
4 San Jacinto Unified School District COP 5.000%   9/1/2031   1,385      1,519
4 San Jacinto Unified School District COP 5.000%   9/1/2033   1,525      1,664
4 San Jacinto Unified School District COP 5.000%   9/1/2035   1,685      1,825
3 San Jacinto Unified School District GO 3.750%   8/1/2041     300        292
  San Joaquin County Transportation Authority Measure K Sales Tax Revenue 5.000%   3/1/2033   7,115      7,250
  San Joaquin County Transportation Authority Measure K Sales Tax Revenue 5.000%   3/1/2034   1,485      1,512
  San Joaquin County Transportation Authority Measure K Sales Tax Revenue 5.000%   3/1/2038   3,385      3,573
  San Joaquin County Transportation Authority Measure K Sales Tax Revenue 5.000%   3/1/2041   2,645      2,767
  San Joaquin County Transportation Authority Measure K Sales Tax Revenue 5.000%   3/1/2041  17,480     17,719
2 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/2027     100         98
2 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/2031     140        121
2 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/2032   1,160        965
2 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/2034     725        559
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/2034  10,725     11,092
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/2034   8,945      9,251
2 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/2035     120         89
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/2035   1,730      1,782
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/2036   1,415      1,451
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/2037     435        444
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/2038     610        620
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/2039     315        319
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/2040     485        490
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/2044   2,000      1,948
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 5.250%  1/15/2044   1,100      1,101
  San Joaquin Regional Rail Commission COP 5.000%   5/1/2027     170        173
  San Joaquin Regional Rail Commission COP 5.000%   5/1/2028     225        236
  San Joaquin Regional Rail Commission COP 5.000%   5/1/2029     275        295
  San Joaquin Regional Rail Commission COP 5.000%   5/1/2030     375        410
  San Joaquin Regional Rail Commission COP 5.000%   5/1/2031     700        774
  San Joaquin Regional Rail Commission COP 5.000%   5/1/2032     725        802
  San Joaquin Regional Rail Commission COP 5.000%   5/1/2033     760        838
  San Joaquin Regional Rail Commission COP 5.000%   5/1/2034     765        840
  San Joaquin Regional Rail Commission COP 4.000%   5/1/2035     370        383
  San Joaquin Regional Rail Commission COP 4.000%   5/1/2036     375        387
  San Joaquin Regional Rail Commission COP 4.000%   5/1/2037   1,000      1,026
  San Joaquin Regional Rail Commission COP 4.000%   5/1/2038     620        635
  San Joaquin Regional Rail Commission COP 4.000%   5/1/2039     755        772
  San Joaquin Regional Rail Commission COP 4.000%   5/1/2040   1,275      1,302
  San Joaquin Valley Clean Energy Authority Electric Power & Light Revenue PUT 5.500%   7/1/2035  71,790     79,513
63

 

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

($000)
  San Jose CA Local or Guaranteed Housing Revenue 5.000%   9/1/2044   9,245      9,927
  San Jose CA Local or Guaranteed Housing Revenue PUT 5.000%   6/1/2026   2,000      2,000
  San Jose Evergreen Community College District GO 4.000%   9/1/2031     700        720
  San Jose Evergreen Community College District GO 4.000%   9/1/2033     850        870
  San Jose Evergreen Community College District GO 3.000%   9/1/2037   2,250      2,131
  San Jose Evergreen Community College District GO 3.000%   9/1/2038   4,150      3,871
  San Jose Evergreen Community College District GO 3.000%   9/1/2039   3,500      3,221
  San Jose Evergreen Community College District GO 4.000%   9/1/2041   2,600      2,679
  San Jose Evergreen Community College District GO 4.000%   9/1/2042   2,345      2,400
  San Jose Evergreen Community College District GO 4.000%   9/1/2043   1,500      1,525
  San Jose Financing Authority Intergovernmental Agreement Revenue 5.000%  11/1/2039   1,325      1,477
  San Jose Financing Authority Intergovernmental Agreement Revenue 5.000%  11/1/2040   2,000      2,219
  San Jose Financing Authority Intergovernmental Agreement Revenue 5.000%  11/1/2042   1,250      1,375
  San Jose Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   8/1/2027   2,455      2,528
2 San Jose Unified School District GO 0.000%   8/1/2028   8,455      8,003
  San Juan Unified School District GO 4.000%   8/1/2031   1,000      1,027
  San Juan Unified School District GO 4.000%   8/1/2032   1,270      1,303
  San Juan Unified School District GO 3.000%   8/1/2036   2,630      2,495
  San Juan Unified School District GO 2.375%   8/1/2040   2,000      1,572
  San Juan Unified School District GO 2.375%   8/1/2041   1,955      1,486
  San Juan Unified School District GO 4.000%   8/1/2041   1,500      1,535
  San Juan Unified School District GO 5.000%   8/1/2041   4,000      4,268
  San Juan Unified School District GO 4.000%   8/1/2042   2,500      2,543
  San Juan Unified School District GO 5.250%   8/1/2042  10,585     12,094
  San Juan Unified School District GO 4.000%   8/1/2043   2,510      2,540
  San Juan Unified School District GO 5.250%   8/1/2043   5,000      5,675
  San Juan Unified School District GO 4.000%   8/1/2044   4,665      4,693
  San Juan Unified School District GO 5.250%   8/1/2044   4,000      4,504
3 San Leandro Unified School District GO 4.000%   8/1/2032     500        513
3 San Leandro Unified School District GO 4.000%   8/1/2033     400        409
3 San Leandro Unified School District GO 4.000%   8/1/2034     670        683
3 San Leandro Unified School District GO 4.000%   8/1/2034   1,200      1,254
3 San Leandro Unified School District GO 4.000%   8/1/2035     275        279
3 San Leandro Unified School District GO 4.000%   8/1/2035   1,325      1,380
  San Leandro Unified School District GO 5.000%   8/1/2043     800        893
  San Leandro Unified School District GO 5.000%   8/1/2044     375        415
  San Leandro Unified School District GO 5.000%   8/1/2045     500        547
  San Leandro Unified School District GO 5.000%   8/1/2046     500        544
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 4.000%   9/1/2028     155        157
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 4.000%   9/1/2030     120        123
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 4.000%   9/1/2032     100        102
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 4.000%   9/1/2033     100        102
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 4.000%   9/1/2036     325        328
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 4.000%   9/1/2039     660        655
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 4.000%   9/1/2041     150        145
  San Luis Obispo County Community College District GO 4.000%   8/1/2040     500        520
  San Luis Obispo County Community College District GO 4.000%   8/1/2041     700        724
  San Luis Obispo County Community College District GO 4.000%   8/1/2042     900        924
  San Luis Obispo County Community College District GO 4.000%   8/1/2043     900        919
  San Luis Obispo County Financing Authority Lease (Appropriation) Revenue (Multiple Capital Projects) 5.250% 11/15/2040   2,540      2,843
  San Luis Obispo County Financing Authority Lease (Appropriation) Revenue (Multiple Capital Projects) 5.250% 11/15/2041   1,665      1,847
  San Luis Obispo County Financing Authority Lease (Appropriation) Revenue (Multiple Capital Projects) 5.250% 11/15/2042   1,615      1,781
4 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/2027     600        617
4 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/2028     890        916
4 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/2030     750        771
4 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/2031   1,060      1,089
4 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/2032     850        873
4 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/2033   1,135      1,165
4 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/2035   1,000      1,024
4 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/2036   1,325      1,356
4 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/2037   1,750      1,788
  San Marcos Unified School District GO 0.000%   8/1/2030   2,000      1,766
  San Marcos Unified School District GO 0.000%   8/1/2031   2,000      1,706
  San Marcos Unified School District GO 0.000%   8/1/2032   1,165        966
  San Marcos Unified School District GO 0.000%   8/1/2032   2,500      2,059
  San Marcos Unified School District GO 0.000%   8/1/2041   3,000      1,645
  San Marcos Unified School District GO 5.000%   8/1/2041   1,750      1,978
  San Marcos Unified School District GO 5.000%   8/1/2041     900      1,017
  San Marcos Unified School District GO 0.000%   8/1/2042   1,140        592
  San Marcos Unified School District GO 5.000%   8/1/2042   4,050      4,541
64

 

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

($000)
  San Marcos Unified School District GO 0.000%   8/1/2043   1,500        736
  San Marcos Unified School District GO 5.000%   8/1/2043   4,000      4,459
  San Marcos Unified School District GO 5.000%   8/1/2044     780        859
  San Marcos Unified School District GO 5.000%   8/1/2045     890        972
2 San Mateo County Community College District GO 0.000%   9/1/2028   6,550      6,164
2 San Mateo County Community College District GO 0.000%   3/1/2031   2,375      2,068
  San Mateo County Community College District GO 4.000%   9/1/2034   2,670      2,730
2 San Mateo County Community College District GO 0.000%   9/1/2035  11,000      8,075
2 San Mateo County Community College District GO 0.000%   9/1/2036  18,855     13,246
  San Mateo Foster City CA School District GO 4.000%   8/1/2042   1,000      1,022
  San Mateo Foster City CA School District GO 4.000%   8/1/2043   1,200      1,220
  San Mateo Foster City Public Financing Authority Sewer Revenue (Clean Water Program) 4.000%   8/1/2035   1,535      1,590
  San Mateo Foster City Public Financing Authority Sewer Revenue (Clean Water Program) 5.000%   8/1/2036   1,505      1,606
  San Mateo Foster City Public Financing Authority Sewer Revenue (Clean Water Program) 4.000%   8/1/2039   1,275      1,292
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 3.000%  6/15/2037   4,755      4,499
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 3.000%  6/15/2038   4,900      4,576
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 3.000%  6/15/2039   5,045      4,648
4 San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 5.000%  7/15/2035   4,875      5,114
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 5.000%  7/15/2036   6,075      6,361
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 5.000%  7/15/2037   6,435      6,722
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 5.000%  7/15/2043   7,075      7,302
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue, Prere. 4.000%  7/15/2026   5,000      5,009
5 San Mateo Union High School District GO 5.000%   9/1/2030   2,000      2,220
5 San Mateo Union High School District GO 5.000%   9/1/2031   1,400      1,583
5 San Mateo Union High School District GO 5.000%   9/1/2032   1,210      1,391
5 San Mateo Union High School District GO 5.000%   9/1/2033   2,325      2,707
5 San Mateo Union High School District GO 5.000%   9/1/2034   1,835      2,157
5 San Mateo Union High School District GO 5.000%   9/1/2035   1,000      1,185
5 San Mateo Union High School District GO 5.000%   9/1/2036   1,000      1,194
5 San Mateo Union High School District GO 5.000%   9/1/2037     750        888
5 San Mateo Union High School District GO 5.000%   9/1/2039   1,000      1,166
4 San Pablo Joint Powers Financing Authority Lease (Abatement) Revenue 4.000%  11/1/2042   3,815      3,848
2 San Rafael CA City High School District GO 0.000%   8/1/2026   3,315      3,300
2 San Rafael CA City High School District GO 0.000%   8/1/2029   6,505      5,950
  San Rafael CA City High School District GO 4.000%   8/1/2035   1,075      1,110
  San Rafael CA City High School District GO 4.000%   8/1/2036   1,200      1,232
  San Rafael CA City High School District GO 3.000%   8/1/2038   2,875      2,701
  San Rafael CA City High School District GO 3.000%   8/1/2039   2,500      2,312
  San Rafael CA City High School District GO 3.000%   8/1/2040   1,450      1,296
2 San Rafael City Elementary School District GO 0.000%   8/1/2028   3,175      2,987
2 San Rafael City Elementary School District GO 0.000%   8/1/2029   3,025      2,764
  San Rafael City Elementary School District GO 3.000%   8/1/2037     825        775
9 San Ramon Public Financing Authority Tax Increment/Allocation Revenue 0.000%   2/1/2027   1,700      1,668
9 San Ramon Public Financing Authority Tax Increment/Allocation Revenue 0.000%   2/1/2028   1,800      1,715
3 San Ramon Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   2/1/2027   1,670      1,684
  San Ramon Valley Fire Protection District (Public Safety Complex & Fire Training Facility Projects) COP 4.000%   8/1/2026     100        100
  San Ramon Valley Fire Protection District (Public Safety Complex & Fire Training Facility Projects) COP 4.000%   8/1/2027     100        102
  San Ramon Valley Fire Protection District (Public Safety Complex & Fire Training Facility Projects) COP 4.000%   8/1/2036     530        548
  San Ramon Valley Fire Protection District (Public Safety Complex & Fire Training Facility Projects) COP 4.000%   8/1/2037     300        309
  San Ramon Valley Fire Protection District (Public Safety Complex & Fire Training Facility Projects) COP 2.250%   8/1/2038     290        238
  San Ramon Valley Fire Protection District (Public Safety Complex & Fire Training Facility Projects) COP 2.375%   8/1/2039     870        711
  San Ramon Valley Fire Protection District (Public Safety Complex & Fire Training Facility Projects) COP 4.000%   8/1/2040     300        304
2 San Ysidro School District GO 0.000%   8/1/2026   4,770      4,745
2 San Ysidro School District GO 0.000%   8/1/2029   1,100        992
4 San Ysidro School District GO 5.000%   8/1/2040   1,115      1,232
4 San Ysidro School District GO 5.000%   8/1/2040   1,105      1,221
4 San Ysidro School District GO 5.000%   8/1/2041   1,155      1,266
4 San Ysidro School District GO 5.000%   8/1/2041   1,220      1,337
3 San Ysidro School District GO 5.000%   8/1/2044   1,935      2,118
3 San Ysidro School District GO 5.000%   8/1/2045   2,840      3,078
4 Sanger Unified School District (Capital Projects) COP 5.000%   6/1/2038   2,000      2,202
4 Sanger Unified School District (Capital Projects) COP 5.000%   6/1/2041   6,780      7,344
3 Sanger Unified School District GO 3.000%   8/1/2035     680        654
3 Sanger Unified School District GO 3.000%   8/1/2036     750        716
3 Sanger Unified School District GO 3.000%   8/1/2037     820        781
3 Sanger Unified School District GO 4.000%   8/1/2037     330        342
3 Sanger Unified School District GO 3.000%   8/1/2039     375        349
3 Sanger Unified School District GO 4.000%   8/1/2039     330        339
3 Sanger Unified School District GO 4.000%   8/1/2040     250        255
3 Sanger Unified School District GO 4.000%   8/1/2041     325        332
65

 

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%   8/1/2029     350        355
  Santa Ana College Improvement District #1 Rancho Santiago Community College District GO 4.000%   8/1/2030     500        507
  Santa Ana College Improvement District #1 Rancho Santiago Community College District GO 4.000%   8/1/2031     510        517
  Santa Ana College Improvement District #1 Rancho Santiago Community College District GO 4.000%   8/1/2032     500        506
  Santa Ana College Improvement District #1 Rancho Santiago Community College District GO 4.000%   8/1/2033     880        891
4 Santa Ana Unified School District (Capital Appreciation-Financing Project) COP 0.000%   4/1/2032   1,750      1,427
2 Santa Ana Unified School District GO 0.000%   8/1/2031   4,020      3,428
4 Santa Ana Unified School District GO 0.000%   8/1/2034  11,400      8,753
4 Santa Ana Unified School District GO 0.000%   8/1/2037   3,330      2,244
  Santa Ana Unified School District GO 4.000%   8/1/2045   5,680      5,586
  Santa Barbara CA Housing Authority Local or Guaranteed Housing Revenue 4.000%  12/1/2038     375        373
  Santa Barbara CA Housing Authority Local or Guaranteed Housing Revenue 4.000%  12/1/2038     335        336
  Santa Barbara County College School District GO 0.000%   8/1/2033   1,000        801
6 Santa Barbara Unified School District GO, 5.400% coupon rate effective 8/1/2027 0.000%   8/1/2045   1,060      1,084
  Santa Clara County CA GO 3.500%   8/1/2038      70         69
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/2036   2,000      1,900
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/2037   2,000      1,876
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/2038   2,000      1,855
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/2038   2,500      2,330
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/2039   2,000      1,835
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/2040   2,000      1,796
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%  11/1/2041  12,520     11,580
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%  11/1/2042  12,900     11,773
  Santa Clara Unified School District GO 3.000%   7/1/2032     390        390
  Santa Clara Unified School District GO 3.250%   7/1/2044   7,000      6,214
2 Santa Clarita Community College District GO 0.000%   8/1/2028     400        378
4 Santa Clarita Community College District GO 0.000%   8/1/2029   3,030      2,786
4 Santa Clarita Community College District GO 0.000%   8/1/2030   2,160      1,927
  Santa Clarita Community College District GO 3.000%   8/1/2033     350        347
  Santa Clarita Community College District GO 3.000%   8/1/2037     800        752
  Santa Clarita Community College District GO 3.000%   8/1/2038     750        698
  Santa Clarita Community College District GO 3.000%   8/1/2039     900        823
  Santa Clarita Community College District GO 3.000%   8/1/2040     800        712
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 3.000%   6/1/2031     375        375
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 3.000%   6/1/2032     340        338
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 2.000%   6/1/2034     435        377
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 2.125%   6/1/2035     445        380
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 2.250%   6/1/2036     250        210
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 2.375%   6/1/2038     400        326
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 2.500%   6/1/2041     555        441
  Santa Cruz City High School District GO 2.000%   8/1/2038   2,955      2,377
  Santa Cruz City High School District GO 2.125%   8/1/2039   3,070      2,459
  Santa Cruz County Capital Financing Authority Lease (Abatement) Revenue 4.000%   6/1/2031     110        114
  Santa Cruz County Capital Financing Authority Lease (Abatement) Revenue 4.000%   6/1/2032     140        145
  Santa Cruz County Capital Financing Authority Lease (Abatement) Revenue 4.000%   6/1/2033     135        139
  Santa Cruz County Capital Financing Authority Lease (Abatement) Revenue 4.000%   6/1/2034     250        257
  Santa Cruz County Capital Financing Authority Lease (Abatement) Revenue 4.000%   6/1/2045   1,000        991
  Santa Margarita-Dana Point Authority Intergovernmental Agreement Revenue 3.000%   6/1/2036     800        775
  Santa Margarita-Dana Point Authority Intergovernmental Agreement Revenue 3.000%   6/1/2039     900        836
  Santa Margarita-Dana Point Authority Intergovernmental Agreement Revenue 3.000%   6/1/2040     700        631
  Santa Monica CA Water Revenue 3.000%   8/1/2038   1,535      1,456
  Santa Monica CA Water Revenue 3.000%   8/1/2039   2,565      2,401
  Santa Monica CA Water Revenue 3.000%   8/1/2040   2,575      2,361
  Santa Monica CA Water Revenue 3.000%   8/1/2041   1,775      1,583
  Santa Monica Community College District GO 5.000%   8/1/2031     600        634
  Santa Monica Community College District GO 4.000%   8/1/2033     500        512
  Santa Monica Community College District GO 4.000%   8/1/2034     655        668
  Santa Monica Public Financing Authority Lease (Abatement) Revenue (City Yards Project) 4.000%   7/1/2041     665        675
  Santa Monica Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   7/1/2038   1,360      1,573
  Santa Monica Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   7/1/2039   1,300      1,489
  Santa Monica Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   7/1/2040   1,250      1,425
  Santa Monica Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   7/1/2041     750        851
  Santa Monica Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   7/1/2042   1,000      1,124
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/2028     100        103
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/2029     150        154
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/2030     220        225
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/2032     350        357
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/2034     500        509
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/2036     345        349
  Santa Monica-Malibu Unified School District GO 3.000%   8/1/2042   1,600      1,384
66

 

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

($000)
  Santa Monica-Malibu Unified School District GO 5.000%   8/1/2044   3,885      4,238
  Santa Monica-Malibu Unified School District GO 5.000%   8/1/2045   4,480      4,853
4,9 Santa Rosa CA Wastewater Sewer Revenue 0.000%   9/1/2028  11,095     10,436
3 Santa Rosa Elementary School District GO 4.000%   8/1/2036     750        763
3 Santa Rosa Elementary School District GO 4.000%   8/1/2038     915        932
3 Santa Rosa Elementary School District GO 4.000%   8/1/2042   1,000      1,003
3 Santa Rosa High School District GO 4.000%   8/1/2035   1,520      1,562
4 Santa Rosa High School District GO 5.000%   8/1/2035     750        753
3 Santa Rosa High School District GO 4.000%   8/1/2037     425        434
4 Santa Rosa High School District GO 5.000%   8/1/2038     250        251
3 Santa Rosa High School District GO 4.000%   8/1/2040   1,105      1,118
  Santa Rosa High School District GO 5.000%   8/1/2040   3,905      4,489
3 Santa Rosa High School District GO 4.000%   8/1/2041   1,000      1,010
  Santa Rosa High School District GO 5.000%   8/1/2041     505        563
  Santa Rosa High School District GO 5.000%   8/1/2041   4,430      5,049
  Santa Rosa High School District GO 4.000%   8/1/2042   3,315      3,350
  Santa Rosa High School District GO 5.000%   8/1/2042   1,000      1,110
  Santa Rosa High School District GO 5.000%   8/1/2042   2,000      2,265
  Santa Rosa High School District GO 5.000%   8/1/2043   1,765      1,983
  Santa Rosa High School District GO 5.000%   8/1/2044   1,170      1,280
4 Santee School District GO 0.000%   8/1/2046   1,630        652
2 Saratoga Union School District GO 0.000%   3/1/2028   2,000      1,916
  Saugus Union School District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/2026     690        692
3 Saugus Union School District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/2030     500        522
3 Saugus Union School District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/2033     600        612
  Saugus Union School District School Facilities Improvement District No. 2014-1 GO 3.000%   8/1/2036   2,375      2,266
4 Savanna School District GO 0.000%   8/1/2044   1,765        811
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/2026     300        300
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028     660        683
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029   1,195      1,256
4 Simi Valley Unified School District GO 0.000%   8/1/2026   3,030      3,017
4 Simi Valley Unified School District GO 0.000%   8/1/2027   2,950      2,860
4 Simi Valley Unified School District GO 0.000%   8/1/2028   4,785      4,512
4 Simi Valley Unified School District GO 0.000%   8/1/2030   2,975      2,638
  Simi Valley Unified School District GO 4.000%   8/1/2032     200        203
  Simi Valley Unified School District GO 3.000%   8/1/2035     525        507
  Simi Valley Unified School District GO 3.000%   8/1/2036     750        712
  Simi Valley Unified School District GO 3.000%   8/1/2037     500        469
4 Solana Beach School District Special Tax Revenue 5.000%   9/1/2035     225        256
4 Solana Beach School District Special Tax Revenue 5.000%   9/1/2037     500        564
4 Solana Beach School District Special Tax Revenue 5.000%   9/1/2038     240        269
4 Solana Beach School District Special Tax Revenue 5.000%   9/1/2039     300        335
4 Solana Beach School District Special Tax Revenue 4.000%   9/1/2042   1,650      1,676
  Solano County Community College District GO 5.000%   8/1/2040     550        613
  Solano County Community College District GO 5.000%   8/1/2041     600        666
  Solano County Community College District GO 5.000%   8/1/2042   4,000      4,416
  Solano County Community College District GO 4.000%   8/1/2043     750        766
  Solano Irrigation District COP 4.000%   8/1/2041   3,935      3,952
  Sonoma County Junior College District GO 3.000%   8/1/2039   3,055      2,775
  Sonoma Valley Unified School District GO 0.000%   8/1/2029   1,500      1,377
  Sonoma Valley Unified School District GO 0.000%   8/1/2030   3,500      3,110
4 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/2033     905        968
4 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/2034   1,300      1,386
4 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/2037   2,165      2,286
4 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/2038   2,540      2,676
4 South Bayside Waste Management Authority Resource Recovery Revenue, Prere. 5.000%   9/1/2029      10         11
4 South Bayside Waste Management Authority Resource Recovery Revenue, Prere. 5.000%   9/1/2029      15         16
4 South Bayside Waste Management Authority Resource Recovery Revenue, Prere. 5.000%   9/1/2029      30         32
4 South Bayside Waste Management Authority Resource Recovery Revenue, Prere. 5.000%   9/1/2029      45         48
4 South Bayside Waste Management Authority Resource Recovery Revenue, Prere. 5.000%   9/1/2029      75         81
4 South Bayside Waste Management Authority Resource Recovery Revenue, Prere. 5.000%   9/1/2029      90         97
  South Orange County Public Financing Authority Special Tax Revenue 5.000%  8/15/2027   1,400      1,443
  South Orange County Public Financing Authority Special Tax Revenue 5.000%  8/15/2028     950      1,006
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Police Station Project) 4.000%   6/1/2033     355        372
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Police Station Project) 4.000%   6/1/2037     550        566
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Police Station Project) 4.000%   6/1/2040     700        710
  South San Francisco Unified School District GO 4.000%   9/1/2041   1,685      1,722
  South San Francisco Unified School District GO 4.000%   9/1/2042   1,855      1,888
4 South Tahoe Joint Powers Financing Authority Tax Increment/Allocation Revenue (South Tahoe Redevelopment Project) 4.000%  10/1/2034   1,000      1,000
67

 

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

($000)
4 Southern California Logistics Airport Authority Tax Increment/Allocation Revenue 5.000%  12/1/2036     415        482
4 Southern California Logistics Airport Authority Tax Increment/Allocation Revenue 5.000%  12/1/2038     500        573
4 Southern California Logistics Airport Authority Tax Increment/Allocation Revenue 5.000%  12/1/2039     500        569
4 Southern California Logistics Airport Authority Tax Increment/Allocation Revenue 5.000%  12/1/2040     500        566
4 Southern California Logistics Airport Authority Tax Increment/Allocation Revenue 5.000%  12/1/2041     600        677
4 Southern California Logistics Airport Authority Tax Increment/Allocation Revenue 5.000%  12/1/2042     575        643
4 Southern California Logistics Airport Authority Tax Increment/Allocation Revenue 5.000%  12/1/2043     500        555
  Southern California Metropolitan Water District Water Revenue 4.000%  10/1/2028   1,825      1,896
  Southern California Metropolitan Water District Water Revenue 4.000%  10/1/2029   1,145      1,205
  Southern California Metropolitan Water District Water Revenue 5.000%  10/1/2029   2,610      2,842
  Southern California Metropolitan Water District Water Revenue 4.000%  10/1/2030   4,445      4,725
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2038  16,400     17,726
  Southern California Metropolitan Water District Water Revenue 5.000%  10/1/2038   1,910      2,027
  Southern California Metropolitan Water District Water Revenue 5.000%   4/1/2043   1,225      1,358
  Southern California Metropolitan Water District Water Revenue 5.000%   4/1/2044   1,490      1,640
  Southern California Metropolitan Water District Water Revenue PUT 5.000%   7/1/2031   3,975      4,338
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2027     155        155
5 Southern California Public Power Authority Electric Power & Light Revenue 5.000%  11/1/2033  72,360     77,115
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2038   7,995      9,015
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2039   4,195      4,703
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2044   3,250      3,520
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2045   3,690      3,961
  Southern California Public Power Authority Electric Power & Light Revenue (Apex Power Project) 5.000%   7/1/2032   1,200      1,333
  Southern California Public Power Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   9/1/2030  53,930     56,396
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2031   5,675      6,228
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2042   3,500      3,765
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2043   6,500      6,954
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2043  10,045     10,747
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 4.000%   7/1/2039   1,305      1,321
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 4.000%   7/1/2040     625        631
  Southern California Public Power Authority Electric Power & Light Revenue (Windy Point/Windy Flats Project) 5.000%   7/1/2029     480        511
  Southern California Public Power Authority Electric Power & Light Revenue (Windy Point/Windy Flats Project) 5.000%   7/1/2030     995      1,077
  Southern California Public Power Authority Intergovernmental Agreement Revenue 5.000%   7/1/2031     400        439
  Southern California Public Power Authority Intergovernmental Agreement Revenue 5.000%   7/1/2032     530        589
  Southern California Public Power Authority Intergovernmental Agreement Revenue 5.000%   7/1/2033     450        505
  Southern California Public Power Authority Intergovernmental Agreement Revenue 5.000%   7/1/2034     650        735
3 Southern California Public Power Authority Intergovernmental Agreement Revenue 5.000%   7/1/2035     650        743
3 Southern California Public Power Authority Intergovernmental Agreement Revenue 5.000%   7/1/2036     750        851
3 Southern California Public Power Authority Intergovernmental Agreement Revenue 5.000%   7/1/2037     915      1,031
3 Southern California Public Power Authority Intergovernmental Agreement Revenue 5.000%   7/1/2038   1,175      1,317
3 Southern California Public Power Authority Intergovernmental Agreement Revenue 5.000%   7/1/2039   2,000      2,230
3 Southern California Public Power Authority Intergovernmental Agreement Revenue 5.000%   7/1/2040   1,600      1,777
3 Southern California Public Power Authority Intergovernmental Agreement Revenue 5.250%   7/1/2041   2,000      2,253
3 Southern California Public Power Authority Intergovernmental Agreement Revenue 5.250%   7/1/2042   1,320      1,476
3 Southern California Public Power Authority Intergovernmental Agreement Revenue 5.250%   7/1/2043   1,700      1,889
3 Southern California Public Power Authority Intergovernmental Agreement Revenue 5.250%   7/1/2044   1,200      1,321
3 Southern California Public Power Authority Intergovernmental Agreement Revenue 5.250%   7/1/2045   1,750      1,910
  Southern California Public Power Authority Intergovernmental Agreement Revenue 5.250%   7/1/2046   2,505      2,683
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Canyon Power Project) 5.000%   7/1/2032   1,110      1,214
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Canyon Power Project) 5.000%   7/1/2035   1,000      1,084
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Canyon Power Project) PUT 3.700%   7/1/2027   5,240      5,247
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2029     450        480
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2041   8,780      9,588
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2042   6,250      6,780
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2043  12,125     13,074
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2044   1,145      1,224
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2045  10,280     10,908
  Southern California Public Power Authority Intergovernmental Agreement Revenue PUT 5.000%   7/1/2029  11,430     11,963
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/2028   3,875      4,066
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/2036   2,600      2,784
68

 

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

($000)
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-20) VRDO 2.500%   6/1/2026  45,260     45,260
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.000%  11/1/2028   2,425      2,510
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.000%  11/1/2029     395        413
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.000%  11/1/2033  11,385     12,153
  Southwestern Community College District GO 4.000%   8/1/2031     300        304
  Southwestern Community College District GO 4.000%   8/1/2032     250        253
  Southwestern Community College District GO 4.000%   8/1/2033     300        304
  Southwestern Community College District GO 4.000%   8/1/2036   1,360      1,380
  Southwestern Community College District GO 4.000%   8/1/2037     400        413
  Southwestern Community College District GO 3.000%   8/1/2038     900        841
  Southwestern Community College District GO 3.000%   8/1/2040   2,425      2,217
  Southwestern Community College District GO 0.000%   8/1/2041   1,500        847
  Southwestern Community College District GO 5.250%   8/1/2041     750        862
  Southwestern Community College District GO 5.250%   8/1/2042   1,000      1,141
  Southwestern Community College District GO 5.250%   8/1/2043   1,530      1,735
  Southwestern Community College District GO 5.250%   8/1/2044   2,000      2,247
  Southwestern Community College District GO 5.250%   8/1/2045   1,000      1,112
  St. Helena Unified School District GO 4.000%   8/1/2027   3,180      3,217
  State Center Community College District GO 3.000%   8/1/2034   1,500      1,492
  State Center Community College District GO 3.000%   8/1/2040   5,000      4,468
  Stockton Community Facilities District Special Tax Revenue 5.000%   9/1/2039     750        790
3 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/2027   2,200      2,274
3 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/2028   1,815      1,921
3 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/2030   1,765      1,864
3 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/2032   1,635      1,722
3 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/2033   1,290      1,356
3 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/2034   1,590      1,669
3 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/2035   1,550      1,624
4 Stockton Public Financing Authority Intergovernmental Agreement Revenue (Wastewater Refunding Project) 5.000%   9/1/2027   1,600      1,650
4 Stockton Public Financing Authority Intergovernmental Agreement Revenue (Wastewater Refunding Project) 5.000%   9/1/2028   1,115      1,178
4 Stockton Public Financing Authority Intergovernmental Agreement Revenue (Wastewater Refunding Project) 5.000%   9/1/2029   1,105      1,193
4 Stockton Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2033   2,890      2,906
4 Stockton Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2034   2,070      2,081
4 Stockton Unified School District GO 0.000%   8/1/2027     740        718
4 Stockton Unified School District GO 5.000%   7/1/2028   1,395      1,467
4 Stockton Unified School District GO 5.000%   8/1/2028   1,190      1,253
4 Stockton Unified School District GO 5.000%   8/1/2028   2,500      2,633
4 Stockton Unified School District GO 5.000%   8/1/2028   1,400      1,474
4 Stockton Unified School District GO 5.000%   8/1/2029   2,580      2,777
4 Stockton Unified School District GO 5.000%   8/1/2029   1,910      2,056
4 Stockton Unified School District GO 5.000%   8/1/2030   3,000      3,298
4 Stockton Unified School District GO 5.000%   8/1/2030   4,550      5,001
4 Stockton Unified School District GO 0.000%   8/1/2033     635        508
3 Stockton Unified School District GO 5.000%   8/1/2033     750        866
4 Stockton Unified School District GO 4.000%   8/1/2034   2,500      2,638
4 Stockton Unified School District GO 4.000%   8/1/2035   1,000      1,051
3 Stockton Unified School District GO 5.000%   8/1/2035     965      1,137
4 Stockton Unified School District GO 4.000%   8/1/2036   2,000      2,086
4 Stockton Unified School District GO 4.000%   8/1/2037   2,250      2,329
3 Stockton Unified School District GO 5.000%   8/1/2037   1,620      1,854
3 Stockton Unified School District GO 5.000%   8/1/2037   1,425      1,653
4 Stockton Unified School District GO 4.000%   8/1/2038   1,145      1,180
3 Stockton Unified School District GO 5.000%   8/1/2038   2,020      2,300
3 Stockton Unified School District GO 5.000%   8/1/2039     600        680
4 Stockton Unified School District GO 4.000%   8/1/2040   2,600      2,650
4 Stockton Unified School District GO 3.000%   8/1/2041   1,000        864
3 Stockton Unified School District GO 5.000%   8/1/2043   2,830      3,157
3 Stockton Unified School District GO 5.000%   8/1/2044   3,500      3,867
3 Stockton Unified School District GO 5.000%   8/1/2045   2,000      2,186
3,10 Stockton Unified School District GO TOB VRDO 2.800%   6/1/2026   3,800      3,800
3 Suisun City Redevelopment Agency Tax Increment/Allocation Revenue (Redevelopment Project) 5.000%  10/1/2026   1,275      1,278
3 Suisun City Redevelopment Agency Tax Increment/Allocation Revenue (Redevelopment Project) 5.000%  10/1/2027   1,360      1,363
3 Suisun City Redevelopment Agency Tax Increment/Allocation Revenue (Redevelopment Project) 5.000%  10/1/2028   1,280      1,283
3 Suisun City Redevelopment Agency Tax Increment/Allocation Revenue (Redevelopment Project) 5.000%  10/1/2029   2,255      2,260
3 Suisun City Redevelopment Agency Tax Increment/Allocation Revenue (Redevelopment Project) 5.000%  10/1/2030   1,000      1,002
  Sulphur Springs Union School District Special Tax Revenue 5.000%   9/1/2039   1,175      1,250
  Sunnyvale Financing Authority Intergovernmental Agreement Revenue 5.000%  11/1/2042   1,150      1,291
  Sunnyvale Financing Authority Intergovernmental Agreement Revenue 5.000%  11/1/2043   1,000      1,113
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Green Bond-Civic Center Project) 4.000%   4/1/2037   1,925      1,978
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Green Bond-Civic Center Project) 4.000%   4/1/2038   3,015      3,083
69

 

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

($000)
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Green Bond-Civic Center Project) 4.000%   4/1/2039   2,000      2,038
4 Sutter Butte Flood Control Agency Special Assessment Revenue 5.000%  10/1/2033   1,000      1,145
4 Sutter Butte Flood Control Agency Special Assessment Revenue 5.000%  10/1/2035   1,000      1,163
4 Sutter Butte Flood Control Agency Special Assessment Revenue 5.000%  10/1/2039     400        454
4 Sutter Butte Flood Control Agency Special Assessment Revenue 5.000%  10/1/2040     275        310
4 Sweetwater Union High School District GO 0.000%   8/1/2035   2,230      1,559
4 Sweetwater Union High School District GO 0.000%   8/1/2036   2,640      1,740
4 Sweetwater Union High School District GO 0.000%   8/1/2037   1,250        779
4 Sweetwater Union High School District GO 0.000%   8/1/2038     720        422
10 Sweetwater Union High School District GO TOB VRDO 2.650%   6/1/2026  35,625     35,625
  Tejon Ranch Public Facilities Finance Authority Special Tax Revenue 5.000%   9/1/2027     430        440
  Tejon Ranch Public Facilities Finance Authority Special Tax Revenue 5.000%   9/1/2028   1,010      1,050
  Tejon Ranch Public Facilities Finance Authority Special Tax Revenue 5.000%   9/1/2029   1,290      1,357
  Tejon Ranch Public Facilities Finance Authority Special Tax Revenue 5.000%   9/1/2031     600        643
  Tejon Ranch Public Facilities Finance Authority Special Tax Revenue 5.000%   9/1/2032   1,000      1,080
  Tejon Ranch Public Facilities Finance Authority Special Tax Revenue 5.000%   9/1/2033   1,000      1,083
  Tejon Ranch Public Facilities Finance Authority Special Tax Revenue 5.000%   9/1/2034     850        926
  Tejon Ranch Public Facilities Finance Authority Special Tax Revenue 5.000%   9/1/2038   4,250      4,583
  Tejon Ranch Public Facilities Finance Authority Special Tax Revenue 5.000%   9/1/2042   6,905      7,232
  Temecula Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000% 12/15/2026   1,450      1,463
  Temecula Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000% 12/15/2027   1,000      1,027
4 Temecula Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000% 12/15/2028     555        576
4 Temecula Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000% 12/15/2029     500        518
4 Temecula Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000% 12/15/2030     535        554
4 Temecula Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000% 12/15/2031   1,000      1,033
4 Temecula Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000% 12/15/2032     785        810
4 Temecula Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000% 12/15/2033   1,650      1,700
4 Temecula Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000% 12/15/2034   1,705      1,755
4 Temecula Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000% 12/15/2035   2,620      2,693
4 Temecula Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000% 12/15/2036   2,765      2,837
4 Temecula Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000% 12/15/2037   2,350      2,408
2 Temple City Unified School District GO 0.000%   8/1/2027   1,000        967
2 Temple City Unified School District GO 0.000%   8/1/2028   2,500      2,348
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 5.000%   6/1/2028   1,000      1,043
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 5.000%   6/1/2029   1,860      1,974
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 5.000%   6/1/2030   2,080      2,241
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 5.000%   6/1/2031   3,840      4,159
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 5.000%   6/1/2032   1,000      1,080
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 5.000%   6/1/2033   4,320      4,647
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 4.000%   6/1/2034   1,200      1,221
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 4.000%   6/1/2035   3,470      3,518
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 4.000%   6/1/2036   1,300      1,312
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 4.000%   6/1/2037   2,620      2,634
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 4.000%   6/1/2038   1,700      1,702
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 4.000%   6/1/2039   3,100      3,078
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 4.000%   6/1/2040   1,855      1,806
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2026   3,190      3,190
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2027   2,000      2,046
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2028   1,920      2,007
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2029   1,515      1,614
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2030   1,000      1,066
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2031   3,655      3,916
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2032   2,955      3,159
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2033   4,195      4,473
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2034   3,000      3,197
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2035     335        356
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2036   1,000      1,060
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2037   2,000      2,113
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2038   5,475      5,766
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2039   2,000      2,101
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2048   1,430      1,410
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/2026     210        210
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/2027     235        237
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/2028     265        269
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/2029     295        301
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/2030     325        333
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/2035   2,155      2,176
  Tracy CA Community Facilities District Special Tax Revenue 5.250%   9/1/2038     600        639
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/2040   3,215      3,166
  Tracy CA Community Facilities District Special Tax Revenue 5.625%   9/1/2043   1,345      1,428
70

 

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

($000)
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2026     600        603
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2027     615        628
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2027   1,245      1,268
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2028     720        746
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2029     665        696
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2030   1,000      1,048
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2031     600        627
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2032   1,290      1,345
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2033   1,400      1,456
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2034     600        622
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2035   1,745      1,804
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2037   1,100      1,130
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2038   1,000      1,025
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2038     600        612
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2039   1,125      1,150
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2040   1,165      1,189
3 Tulare Local Health Care District GO 4.000%   8/1/2026     515        516
3 Tulare Local Health Care District GO 4.000%   8/1/2027     580        587
3 Tulare Local Health Care District GO 4.000%   8/1/2028     435        445
3 Tulare Local Health Care District GO 4.000%   8/1/2029     735        758
3 Tulare Local Health Care District GO 4.000%   8/1/2030   1,320      1,373
3 Tulare Local Health Care District GO 4.000%   8/1/2032   1,380      1,424
3 Tulare Local Health Care District GO 4.000%   8/1/2033   2,050      2,110
3 Tulare Local Health Care District GO 4.000%   8/1/2034   2,325      2,386
3 Tulare Local Health Care District GO 4.000%   8/1/2039   4,945      4,978
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/2037   5,615      5,681
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/2041   1,930      1,948
  Tustin Unified School District GO 4.000%   8/1/2046   1,500      1,484
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/2026   2,300      2,304
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/2027   3,915      3,921
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/2029   3,640      3,646
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/2030   3,500      3,506
3 Tustin Unified School District Special Tax Revenue 5.000%   9/1/2033   2,470      2,474
3 Tustin Unified School District Special Tax Revenue 5.000%   9/1/2035   4,915      5,648
3 Tustin Unified School District Special Tax Revenue 5.000%   9/1/2036   5,295      6,011
3 Tustin Unified School District Special Tax Revenue 5.000%   9/1/2037   4,190      4,724
3 Tustin Unified School District Special Tax Revenue 5.000%   9/1/2038   4,615      5,174
4 Twin Rivers Unified School District GO 5.000%   8/1/2027   1,880      1,934
4 Twin Rivers Unified School District GO 5.000%   8/1/2028   2,100      2,220
4 Twin Rivers Unified School District GO 5.000%   8/1/2029   4,450      4,814
4 Twin Rivers Unified School District GO 5.000%   8/1/2030   2,885      3,184
4 Twin Rivers Unified School District GO 5.000%   8/1/2030   4,335      4,784
4 Twin Rivers Unified School District GO 5.000%   8/1/2031   3,355      3,763
4 Twin Rivers Unified School District GO 5.000%   8/1/2031   4,500      5,047
4 Twin Rivers Unified School District GO 0.000%   8/1/2032   2,320      1,914
4 Twin Rivers Unified School District GO 5.000%   8/1/2032     750        854
4 Twin Rivers Unified School District GO 5.000%   8/1/2034   2,830      3,297
4 Twin Rivers Unified School District GO 5.000%   8/1/2035   5,690      6,675
4 Twin Rivers Unified School District GO 5.000%   8/1/2036   6,740      7,957
4 Twin Rivers Unified School District GO 4.000%   8/1/2037   9,860     10,477
4 Twin Rivers Unified School District GO 4.000%   8/1/2038   4,000      4,197
4 Twin Rivers Unified School District GO 4.000%   2/1/2039   1,685      1,762
4 Twin Rivers Unified School District GO 5.000%   8/1/2040     450        505
4 Twin Rivers Unified School District GO 5.000%   8/1/2040     500        561
4 Twin Rivers Unified School District GO 5.000%   8/1/2041     700        783
4 Twin Rivers Unified School District GO 5.000%   8/1/2042   1,030      1,145
4 Twin Rivers Unified School District GO 5.000%   8/1/2042   1,375      1,528
4 Twin Rivers Unified School District GO 5.000%   8/1/2043     800        885
4 Twin Rivers Unified School District GO 5.000%   8/1/2043   1,600      1,769
3 Twin Rivers Unified School District GO 4.000%   8/1/2044   1,105      1,112
4 Twin Rivers Unified School District GO 5.000%   8/1/2044   1,285      1,410
4 Twin Rivers Unified School District GO 5.000%   8/1/2044   1,300      1,427
4 Twin Rivers Unified School District GO 5.000%   8/1/2045   1,275      1,389
4 Twin Rivers Unified School District GO 5.000%   8/1/2045   1,910      2,080
2 Ukiah CA Unified School District GO 0.000%   8/1/2026   1,205      1,200
2 Ukiah CA Unified School District GO 0.000%   8/1/2030   1,235      1,093
4 Ukiah CA Unified School District GO 5.000%   8/1/2038   1,330      1,383
  Union City Community Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Community Redevelopment Project) 5.000%  10/1/2032   1,360      1,362
71

 

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

($000)
  Union City Community Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Community Redevelopment Project) 5.000%  10/1/2033   3,000      3,004
  Union City Community Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Community Redevelopment Project) 5.000%  10/1/2035   1,250      1,252
2 Union Elementary School District GO 0.000%   9/1/2029   1,335      1,224
  Union Elementary School District GO 0.000%   9/1/2029     110        101
2 Union Elementary School District GO 0.000%   9/1/2029   8,280      7,608
  United Water Conservation District COP 4.000%  10/1/2033   1,070      1,122
  United Water Conservation District COP 4.000%  10/1/2034   1,110      1,157
  United Water Conservation District COP 4.000%  10/1/2035   1,160      1,204
  United Water Conservation District COP 4.000%  10/1/2036     935        966
  United Water Conservation District COP 4.000%  10/1/2037     980      1,006
  United Water Conservation District COP 4.000%  10/1/2038   1,010      1,035
  United Water Conservation District COP 4.000%  10/1/2039   1,055      1,076
  United Water Conservation District COP 4.000%  10/1/2040     625        634
  University of California College & University Revenue 5.000%  5/15/2027   6,985      7,159
  University of California College & University Revenue 5.000%  5/15/2028   3,000      3,153
  University of California College & University Revenue 5.000%  5/15/2028   3,835      4,031
  University of California College & University Revenue 5.000%  5/15/2029   5,000      5,357
  University of California College & University Revenue 5.000%  5/15/2029   5,000      5,357
  University of California College & University Revenue 5.000%  5/15/2029  19,610     21,010
  University of California College & University Revenue 4.000%  5/15/2030   7,535      7,729
  University of California College & University Revenue 5.000%  5/15/2030  20,000     21,861
  University of California College & University Revenue 5.000%  5/15/2031  10,000     10,232
  University of California College & University Revenue 5.000%  5/15/2031  12,500     13,896
  University of California College & University Revenue 5.000%  5/15/2031   9,000     10,005
  University of California College & University Revenue 5.000%  5/15/2032  10,000     11,273
  University of California College & University Revenue 5.000%  5/15/2033   6,760      7,057
  University of California College & University Revenue 5.000%  5/15/2033   3,500      3,999
  University of California College & University Revenue 5.000% 11/15/2033   6,820      7,835
  University of California College & University Revenue 5.000% 11/15/2033   3,180      3,653
  University of California College & University Revenue 4.000%  5/15/2034  10,620     10,717
  University of California College & University Revenue 5.000%  5/15/2034   6,395      6,530
  University of California College & University Revenue 5.000%  5/15/2034   1,525      1,590
  University of California College & University Revenue 5.000% 11/15/2034  15,475     17,965
  University of California College & University Revenue 4.000%  5/15/2035  17,350     17,490
  University of California College & University Revenue 5.000%  5/15/2035   4,210      4,384
  University of California College & University Revenue 5.000%  5/15/2035     625        665
  University of California College & University Revenue 5.000%  5/15/2035   1,775      1,977
  University of California College & University Revenue 5.000%  5/15/2036   4,295      4,463
  University of California College & University Revenue 5.000%  5/15/2036   1,250      1,326
  University of California College & University Revenue 5.000%  5/15/2036   3,050      3,281
  University of California College & University Revenue 5.000%  5/15/2036   4,205      4,742
  University of California College & University Revenue 5.000%  5/15/2036   5,000      5,638
  University of California College & University Revenue 5.000%  5/15/2036  35,455     41,665
  University of California College & University Revenue 5.000%  5/15/2037   9,530      9,708
  University of California College & University Revenue 5.000%  5/15/2037  11,710     11,928
  University of California College & University Revenue 5.000%  5/15/2037  14,620     15,173
  University of California College & University Revenue 5.000%  5/15/2037   9,665     10,676
  University of California College & University Revenue 5.000%  5/15/2037   2,000      2,244
  University of California College & University Revenue 5.000%  5/15/2037   8,825      9,900
  University of California College & University Revenue 5.000%  5/15/2037  37,300     42,420
  University of California College & University Revenue 5.250%  5/15/2037   2,170      2,546
  University of California College & University Revenue 5.000%  5/15/2038  19,090     19,803
  University of California College & University Revenue 5.000%  5/15/2038   9,975     10,657
  University of California College & University Revenue 5.000%  5/15/2038   5,230      5,824
  University of California College & University Revenue 5.000%  5/15/2038   5,000      5,568
  University of California College & University Revenue 5.000%  5/15/2038  11,935     13,628
  University of California College & University Revenue 5.000%  5/15/2038  13,550     15,472
  University of California College & University Revenue 4.000%  5/15/2039   2,000      2,045
  University of California College & University Revenue 5.000%  5/15/2039  10,000     10,641
  University of California College & University Revenue 5.000%  5/15/2039  11,650     13,213
  University of California College & University Revenue 5.000%  5/15/2039  12,130     13,757
  University of California College & University Revenue 5.000%  5/15/2039  10,200     11,568
  University of California College & University Revenue 5.000% 11/15/2039  16,545     19,590
  University of California College & University Revenue 5.250% 11/15/2039   5,000      5,833
  University of California College & University Revenue 4.000%  5/15/2040   1,725      1,751
  University of California College & University Revenue 5.000%  5/15/2040   3,000      3,265
  University of California College & University Revenue 5.000%  5/15/2040  22,000     24,824
  University of California College & University Revenue 5.000%  5/15/2040  12,255     13,828
72

 

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

($000)
  University of California College & University Revenue 5.000%  5/15/2040   9,920     11,193
  University of California College & University Revenue 5.000%  5/15/2040  15,000     17,017
  University of California College & University Revenue 5.250%  5/15/2040  29,095     35,289
  University of California College & University Revenue 5.500%  5/15/2040  10,000     11,783
  University of California College & University Revenue 5.000%  5/15/2041   4,000      4,328
  University of California College & University Revenue 5.000%  5/15/2041   5,000      5,478
  University of California College & University Revenue 5.000%  5/15/2041   5,000      5,537
  University of California College & University Revenue 5.000%  5/15/2041   6,605      7,391
  University of California College & University Revenue 5.000% 11/15/2041   8,055      9,104
  University of California College & University Revenue 5.250% 11/15/2041   5,610      6,468
  University of California College & University Revenue 5.000%  5/15/2042   5,000      5,455
  University of California College & University Revenue 5.000%  5/15/2042   4,000      4,410
  University of California College & University Revenue 5.000%  5/15/2042   2,500      2,756
  University of California College & University Revenue 5.000%  5/15/2042   5,600      6,235
  University of California College & University Revenue 5.000% 11/15/2042   2,645      2,973
  University of California College & University Revenue 5.000% 11/15/2042   1,905      2,141
  University of California College & University Revenue 5.000%  5/15/2043  13,155     13,589
  University of California College & University Revenue 5.000%  5/15/2043   5,010      5,437
  University of California College & University Revenue 5.000%  5/15/2043   8,750      9,589
  University of California College & University Revenue 5.000%  5/15/2043   7,100      7,854
  University of California College & University Revenue 5.000% 11/15/2043   4,220      4,710
  University of California College & University Revenue 5.000% 11/15/2043   2,070      2,310
  University of California College & University Revenue 5.000%  5/15/2044   4,160      4,530
  University of California College & University Revenue 5.000%  5/15/2044   7,875      8,575
  University of California College & University Revenue 5.000%  5/15/2044  10,310     11,323
  University of California College & University Revenue 5.000% 11/15/2044   1,390      1,539
  University of California College & University Revenue 5.000% 11/15/2044   1,095      1,213
  University of California College & University Revenue 5.000%  5/15/2045   3,025      3,276
  University of California College & University Revenue 5.000%  5/15/2045   4,000      4,366
  University of California College & University Revenue 5.000% 11/15/2045   1,380      1,518
  University of California College & University Revenue 5.000% 11/15/2045   1,820      2,002
  University of California College & University Revenue 5.000%  5/15/2046  12,955     14,038
  University of California College & University Revenue 5.000% 11/15/2046     920      1,004
  University of California College & University Revenue (Limited Project) 4.000%  5/15/2028   6,060      6,254
  University of California College & University Revenue (Limited Project) 4.000%  5/15/2030   7,705      7,900
  University of California College & University Revenue (Limited Project) 4.000%  5/15/2031   5,270      5,396
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2033  12,095     12,357
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2034  12,800     13,068
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2035  11,290     11,518
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2036   5,040      5,137
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2037   5,240      5,436
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2038   5,065      5,252
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2046   3,800      3,989
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2047   2,250      2,277
  University of California College & University Revenue VRDO 2.300%   6/1/2026  40,860     40,860
  University of California College & University Revenue VRDO 2.400%   6/1/2026  13,000     13,000
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/2033     800        906
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/2034     990      1,115
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/2035   2,000      2,243
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/2036   2,350      2,615
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/2038   2,400      2,645
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/2040   5,235      5,713
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/2041   4,000      4,336
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/2042   6,160      6,633
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 4.000%  5/15/2043  37,140     37,181
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/2047  10,000     10,531
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 2.250%   6/1/2026   1,500      1,500
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 2.250%   6/1/2026   7,100      7,100
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 2.250%   6/1/2026   1,500      1,500
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 2.350%   6/1/2026   1,060      1,060
  Upland CA COP 5.000%   1/1/2027   2,215      2,237
  Upland CA COP 5.000%   1/1/2028   2,560      2,633
  Upland CA COP 5.000%   1/1/2029     835        858
  Upland CA COP 5.000%   1/1/2030   1,455      1,495
  Upland CA COP 5.000%   1/1/2031   1,465      1,504
  Upland CA COP 5.000%   1/1/2033   1,710      1,752
  Upland CA COP 5.000%   1/1/2034   1,500      1,535
  Upland CA COP 4.000%   1/1/2035   2,025      2,031
  Upland CA COP 4.000%   1/1/2036   1,000      1,001
4 Upland Unified School District GO 0.000%   8/1/2030   1,445      1,285
73

 

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

($000)
4 Upland Unified School District GO 0.000%   4/1/2033   7,340      5,967
  Upper Santa Clara Valley Joint Powers Authority Intergovernmental Agreement Revenue 5.000%   8/1/2038     800        834
  Upper Santa Clara Valley Joint Powers Authority Intergovernmental Agreement Revenue 5.000%   8/1/2039   1,000      1,041
  Upper Santa Clara Valley Joint Powers Authority Intergovernmental Agreement Revenue 5.000%   8/1/2040   1,000      1,038
10 Upper Santa Clara Valley Joint Powers Authority Intergovernmental Agreement Revenue TOB VRDO 2.700%   6/1/2026   5,700      5,700
  Upper Santa Clara Valley Joint Powers Authority Water Revenue, Prere. 5.000%   8/1/2026   1,235      1,240
  Vacaville Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Redevelopment Projects) 5.000%   9/1/2028   1,200      1,202
  Vacaville Unified School District GO 4.000%   8/1/2034     100        102
4 Val Verde Unified School District COP 5.000%   3/1/2027     275        280
4 Val Verde Unified School District COP 5.000%   3/1/2028     280        292
4 Val Verde Unified School District COP 5.000%   3/1/2029     450        470
4 Val Verde Unified School District COP 5.000%   3/1/2030     850        887
4 Val Verde Unified School District COP 5.000%   3/1/2031   1,015      1,058
3 Val Verde Unified School District GO 3.000%   8/1/2030     220        221
3 Val Verde Unified School District GO 4.000%   8/1/2031     100        102
3 Val Verde Unified School District GO 4.000%   8/1/2033     300        306
3 Val Verde Unified School District GO 4.000%   8/1/2033     140        143
3 Val Verde Unified School District GO 4.000%   8/1/2035     250        254
4 Val Verde Unified School District GO 4.000%   8/1/2039   1,000      1,020
  Val Verde Unified School District GO 5.000%   8/1/2043   2,050      2,297
  Val Verde Unified School District GO 5.000%   8/1/2044   1,000      1,108
  Val Verde Unified School District GO 5.000%   8/1/2045   1,250      1,371
3 Vallejo CA Water Revenue 4.000%   5/1/2028     250        256
3 Vallejo CA Water Revenue 4.000%   5/1/2029     150        155
3 Vallejo CA Water Revenue 4.000%   5/1/2030     150        157
3 Vallejo CA Water Revenue 4.000%   5/1/2031     200        211
3 Vallejo CA Water Revenue 4.000%   5/1/2032     175        184
3 Vallejo CA Water Revenue 4.000%   5/1/2033     150        157
3 Vallejo CA Water Revenue 4.000%   5/1/2034     250        260
3 Vallejo CA Water Revenue 4.000%   5/1/2036     240        248
3 Vallejo CA Water Revenue 4.000%   5/1/2037     400        411
3 Vallejo CA Water Revenue 4.000%   5/1/2038     500        512
3 Vallejo CA Water Revenue 4.000%   5/1/2040     350        356
3 Vallejo CA Water Revenue 4.000%   5/1/2041     500        507
3 Vallejo City Unified School District GO 3.000%   8/1/2034   1,215      1,176
3 Vallejo City Unified School District GO 3.000%   8/1/2035   1,315      1,258
3 Vallejo City Unified School District GO 3.000%   8/1/2036   1,420      1,343
  Vallejo City Unified School District GO 4.000%   8/1/2047   1,180      1,137
  Ventura County Pleasant Valley School District GO 4.000%   8/1/2036     425        436
  Ventura County Pleasant Valley School District GO 4.000%   8/1/2037     925        944
  Ventura County Pleasant Valley School District GO 4.000%   8/1/2038     515        524
  Ventura County Pleasant Valley School District GO 4.000%   8/1/2039     865        877
  Ventura County Pleasant Valley School District GO 4.000%   8/1/2040     880        885
  Ventura Unified School District GO 4.000%   8/1/2040     880        899
  Ventura Unified School District GO 4.000%   8/1/2042   2,740      2,772
  Ventura Unified School District GO 4.000%   8/1/2043   3,645      3,672
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2026   1,205      1,209
  Vernon CA Electric System Electric Power & Light Revenue 5.000%  10/1/2026   2,690      2,706
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   4/1/2027   2,415      2,452
  Vernon CA Electric System Electric Power & Light Revenue 5.000%  10/1/2027   3,700      3,790
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   4/1/2028   4,170      4,303
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2028   1,525      1,593
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2028     500        522
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2029   1,605      1,706
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2030   1,685      1,804
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2030   1,105      1,193
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2031   1,000      1,067
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2032   1,220      1,347
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2033   1,000      1,061
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2033   1,285      1,412
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2034   1,000      1,058
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2035     725        765
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2037   1,600      1,677
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2039     425        455
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2040     740        789
  Victorville CA Electric Power & Light Revenue 5.000%   5/1/2029     425        453
  Victorville CA Electric Power & Light Revenue 5.000%   5/1/2031     475        524
  Victorville CA Electric Power & Light Revenue 5.000%   5/1/2032     435        487
  Victorville CA Electric Power & Light Revenue 5.000%   5/1/2037   2,015      2,193
74

 

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

($000)
  Vista Unified School District GO 4.000%   8/1/2035   1,210      1,238
  Vista Unified School District GO 3.000%   8/1/2038   1,645      1,531
  Vista Unified School District GO 3.000%   8/1/2039   1,300      1,192
4 Vista Unified School District GO 5.000%   8/1/2042     775        870
4 Vista Unified School District GO 5.000%   8/1/2044   1,300      1,434
4 Vista Unified School District GO 5.000%   8/1/2046   1,500      1,627
2 Walnut Valley Unified School District GO 0.000%   8/1/2028   1,880      1,774
2 Washington CA Yolo County Unified School District GO 0.000%   8/1/2027   3,440      3,338
  Washington Township Health Care District GO 5.000%   8/1/2026   1,395      1,399
  Washington Township Health Care District GO 4.000%   8/1/2027   1,055      1,057
  Washington Township Health Care District GO 3.000%   8/1/2035   2,025      1,898
  Washington Township Health Care District GO 5.250%   8/1/2040     900      1,015
4 Washington Township Health Care District GO 4.125%   8/1/2041     400        402
4 Washington Township Health Care District GO 4.125%   8/1/2042     500        497
4 Washington Township Health Care District GO 4.250%   8/1/2043     600        600
4 Washington Township Health Care District GO 4.250%   8/1/2045     900        885
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2026     900        901
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2026     785        786
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2026   1,525      1,527
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2026     765        766
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027     430        437
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027     930        945
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027     755        767
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027   1,155      1,174
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028   1,075      1,099
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029   1,005      1,017
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029   1,165      1,179
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029     755        779
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029     400        420
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030   1,540      1,557
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030     765        791
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030   1,310      1,395
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.375%   7/1/2031     815        791
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.750%   7/1/2031     150        148
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031   1,000      1,031
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     375        398
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/2032   1,665      1,586
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/2032   1,000        996
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032   2,340      2,363
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032   1,575      1,621
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/2033   1,870      1,728
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2033   2,975      3,002
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.125%   7/1/2034   2,425      2,228
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/2034   2,995      2,909
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/2034     650        631
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.125%   7/1/2035     100         91
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/2035   2,000      1,927
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/2035     625        625
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/2036   1,430      1,283
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/2036   2,060      1,967
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2036     500        510
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/2037     750        663
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/2038   1,250      1,088
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.250%   7/1/2038      25         22
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2040     530        544
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2041     400        407
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2042     400        405
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2043     325        328
4 West Contra Costa Unified School District GO 0.000%   8/1/2027     850        824
2 West Contra Costa Unified School District GO 0.000%   8/1/2028   6,400      6,006
4 West Contra Costa Unified School District GO 0.000%   8/1/2028     900        849
4 West Contra Costa Unified School District GO 0.000%   8/1/2029   2,000      1,820
2 West Contra Costa Unified School District GO 0.000%   8/1/2030   6,235      5,466
4 West Contra Costa Unified School District GO 4.000%   8/1/2031   1,000      1,058
4 West Contra Costa Unified School District GO 0.000%   8/1/2032   1,300      1,079
2,3 West Contra Costa Unified School District GO 0.000%   8/1/2032   2,850      2,336
4 West Contra Costa Unified School District GO 3.000%   8/1/2032   1,350      1,356
4 West Contra Costa Unified School District GO 3.000%   8/1/2032   1,695      1,702
4 West Contra Costa Unified School District GO 0.000%   8/1/2033   2,650      2,122
2 West Contra Costa Unified School District GO 0.000%   8/1/2033   1,000        787
75

 

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

($000)
1,4 West Contra Costa Unified School District GO 0.000%   8/1/2033   8,010      6,346
4 West Contra Costa Unified School District GO 3.000%   8/1/2033   1,000      1,001
4 West Contra Costa Unified School District GO 3.000%   8/1/2033   1,265      1,266
3 West Contra Costa Unified School District GO 5.000%   8/1/2033     550        637
2 West Contra Costa Unified School District GO 0.000%   8/1/2034   3,730      2,798
4 West Contra Costa Unified School District GO 3.000%   8/1/2034   1,800      1,788
4 West Contra Costa Unified School District GO 0.000%   8/1/2036   1,000        695
4 West Contra Costa Unified School District GO 3.000%   8/1/2036   1,910      1,842
3 West Contra Costa Unified School District GO 5.000%   8/1/2036   1,000      1,174
4 West Contra Costa Unified School District GO 3.000%   8/1/2037     750        713
3 West Contra Costa Unified School District GO 5.000%   8/1/2037     800        932
4 West Contra Costa Unified School District GO 3.000%   8/1/2038     660        618
4 West Contra Costa Unified School District GO 3.000%   8/1/2038     700        655
3 West Contra Costa Unified School District GO 5.000%   8/1/2038   1,125      1,281
3 West Contra Costa Unified School District GO 5.000%   8/1/2038   1,435      1,635
3 West Contra Costa Unified School District GO 5.000%   8/1/2038   1,745      1,988
3 West Contra Costa Unified School District GO 5.000%   8/1/2038     850        981
4 West Contra Costa Unified School District GO 3.000%   8/1/2039     665        616
4 West Contra Costa Unified School District GO 3.000%   8/1/2039     700        648
3 West Contra Costa Unified School District GO 4.000%   8/1/2039   3,025      3,109
3 West Contra Costa Unified School District GO 5.000%   8/1/2039   1,250      1,414
3 West Contra Costa Unified School District GO 5.000%   8/1/2039   1,395      1,578
4 West Contra Costa Unified School District GO 3.000%   8/1/2040     700        639
4 West Contra Costa Unified School District GO 3.000%   8/1/2040     700        639
3 West Contra Costa Unified School District GO 4.000%   8/1/2040   2,235      2,286
3 West Contra Costa Unified School District GO 5.000%   8/1/2040   1,100      1,239
3 West Contra Costa Unified School District GO 4.000%   8/1/2041   3,130      3,187
3 West Contra Costa Unified School District GO 5.000%   8/1/2041   1,000      1,125
3 West Contra Costa Unified School District GO 4.000%   8/1/2042   1,545      1,564
3 West Contra Costa Unified School District GO 5.000%   8/1/2042   1,000      1,117
3 West Contra Costa Unified School District GO 4.000%   8/1/2043   1,400      1,409
3 West Contra Costa Unified School District GO 5.000%   8/1/2043   1,190      1,320
3 West Contra Costa Unified School District GO 5.000%   8/1/2044   1,200      1,323
  West County Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/2035     760        790
  West County Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/2037     660        680
  West County Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/2038   1,095      1,122
  West County Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/2040   1,495      1,517
  West County Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/2041   1,550      1,562
  West Hollywood Public Financing Authority Lease (Abatement) Revenue 3.000%   4/1/2037     475        454
  West Hollywood Public Financing Authority Lease (Abatement) Revenue 3.000%   4/1/2038     930        879
  West Hollywood Public Financing Authority Lease (Abatement) Revenue 3.000%   4/1/2039   2,020      1,881
  West Hollywood Public Financing Authority Lease (Abatement) Revenue 3.000%   4/1/2040   1,060        962
  West Hollywood Public Financing Authority Lease (Abatement) Revenue 3.000%   4/1/2042   3,640      3,160
  West Hollywood Public Financing Authority Lease (Abatement) Revenue 4.000%   4/1/2046   1,000        979
  West Sonoma County Union High School District GO 0.000%   8/1/2037   1,640      1,115
  West Sonoma County Union High School District GO 5.000%   8/1/2037     500        521
  West Sonoma County Union High School District GO 5.000%   8/1/2040   1,020      1,056
  Western Municipal Water District Facilities Authority Intergovernmental Agreement Revenue 5.000%  10/1/2038   2,750      2,989
3 Western Placer Unified School District GO 4.000%   8/1/2031     885        897
3 Western Placer Unified School District GO 4.000%   8/1/2031     755        765
3 Western Placer Unified School District GO 4.000%   8/1/2032     920        932
3 Western Placer Unified School District GO 4.000%   8/1/2034     990      1,001
3 Western Placer Unified School District GO 4.000%   8/1/2034     545        551
  Western Placer Waste Management Authority Resource Recovery Revenue (Material Recovery Facility Project) 5.000%   6/1/2038   1,125      1,246
  Western Placer Waste Management Authority Resource Recovery Revenue (Material Recovery Facility Project) 5.000%   6/1/2039   1,195      1,317
  Western Placer Waste Management Authority Resource Recovery Revenue (Material Recovery Facility Project) 4.000%   6/1/2042   6,750      6,731
  Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/2026     450        451
  Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/2027     450        457
4 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/2028     235        241
4 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/2029     400        414
4 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/2030     410        428
4 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/2031     225        236
4 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/2032     300        313
4 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/2033     415        431
4 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/2034     500        518
4 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/2035     300        310
4 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/2036     550        565
76

 

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

($000)
4 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/2037     500        512
4 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/2038     530        541
4 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/2040   1,160      1,177
  Westside Union School District GO 0.000%   8/1/2032   1,055        879
  Wildomar CA Special Tax Revenue 5.000%   9/1/2041     135        142
  Wildomar CA Special Tax Revenue 5.000%   9/1/2046     165        170
4 William S Hart Union High School District GO 0.000%   9/1/2029      10          9
  William S Hart Union High School District GO 0.000%   8/1/2033   3,070      2,448
4 William S Hart Union High School District GO 0.000%   8/1/2035   1,000        737
4 Windsor Joint Powers Financing Authority Sewer Revenue 5.000%  11/1/2042   1,190      1,348
3 Windsor Unified School District GO 0.000%   8/1/2037   2,000      1,345
4 Wiseburn School District GO 0.000%   8/1/2034   2,000      1,542
  Yuba Community College District GO 3.000%   8/1/2028   1,000      1,002
  Yuba Community College District GO 3.000%   8/1/2029   2,000      2,003
3 Yuba Community College District GO 0.000%   8/1/2038   3,755      2,425
                                 18,844,439
American Samoa (0.0%)
10 American Samoa Economic Development Authority Income Tax Revenue 5.000%   9/1/2028     235        241
10 American Samoa Economic Development Authority Income Tax Revenue 5.000%   9/1/2029     225        232
10 American Samoa Economic Development Authority Income Tax Revenue 5.000%   9/1/2031     270        283
10 American Samoa Economic Development Authority Income Tax Revenue 5.000%   9/1/2033     250        263
10 American Samoa Economic Development Authority Income Tax Revenue 5.000%   9/1/2034     335        353
10 American Samoa Economic Development Authority Income Tax Revenue 5.000%   9/1/2035     415        438
10 American Samoa Economic Development Authority Income Tax Revenue 5.250%   9/1/2045     100        101
                                      1,911
Guam (0.1%)
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2032     180        196
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2033     370        405
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2034     390        430
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2035     305        338
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2036     140        154
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2037     100        109
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2038     180        196
  Guam Government Waterworks Authority Water Revenue 5.250%   7/1/2039     150        165
  Guam Government Waterworks Authority Water Revenue 5.250%   7/1/2040     220        240
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2043     750        785
  Guam Hotel Occupancy Tax Revenue 5.000%  11/1/2030     375        400
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2028     115        118
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2029     190        198
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2032     100        107
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2033     400        433
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2034     755        822
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2035     320        350
  Guam Miscellaneous Taxes Revenue 4.000%   1/1/2036   1,675      1,665
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2036     310        337
  Guam Miscellaneous Taxes Revenue 5.250%   1/1/2038     320        349
  Guam Miscellaneous Taxes Revenue 4.000%   1/1/2042   3,035      2,938
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2030   1,495      1,583
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2030     710        752
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2031   1,960      2,092
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2032   1,600      1,722
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2032   1,000      1,076
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2036     500        542
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2037     110        118
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2038   1,235      1,249
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2038     135        145
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2040   1,750      1,767
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2041     380        396
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2043     975      1,026
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2044     355        367
                                     23,570
Indiana (0.1%)
13 Freddie Mac Pool 4.250%   1/1/2042  19,962     19,341
Minnesota (0.0%)
13 Freddie Mac Pool 3.720%   1/1/2041   3,492      3,256
New Hampshire (0.2%)
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue 3.809%  7/20/2039  33,666     32,672
77

 

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

($000)
Ohio (0.1%)
13 Freddie Mac Pool 4.250%   9/1/2041   9,555      9,298
Puerto Rico (1.6%)
  Commonwealth of Puerto Rico GO 5.625%   7/1/2027  16,252     16,508
  Commonwealth of Puerto Rico GO 5.625%   7/1/2029  27,568     28,971
  Commonwealth of Puerto Rico GO 5.750%   7/1/2031  42,664     46,182
  Commonwealth of Puerto Rico GO 0.000%   7/1/2033   9,313      6,787
  Commonwealth of Puerto Rico GO 4.000%   7/1/2033  26,900     26,940
  Commonwealth of Puerto Rico GO 4.000%   7/1/2035  13,353     13,306
  Commonwealth of Puerto Rico GO 4.000%   7/1/2037  16,112     15,907
  Commonwealth of Puerto Rico GO 4.000%   7/1/2046   2,285      2,023
10 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2028   2,315      2,369
10 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2029   1,810      1,874
10 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2029     495        512
10 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2030   7,050      7,364
10 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2033   2,985      3,132
10 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2033     650        682
10 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2033   9,290      9,796
10 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2035   1,500      1,556
10 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2037     925        963
10 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2037     250        260
10 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2037   1,445      1,516
10 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 4.000%   7/1/2042   6,140      5,888
10 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 4.000%   7/1/2042   3,330      3,193
10 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 4.000%   7/1/2042  10,720     10,280
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2027  26,119     25,243
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2027   1,803      1,743
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2029   4,301      3,898
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2029     750        680
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2031  21,812     18,332
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2031     706        593
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2033  15,217     11,826
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/2040  26,012     25,900
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/2040   1,723      1,717
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.550%   7/1/2040   2,000      2,004
                                    297,945
Virgin Islands (0.0%)
  Matching Fund Special Purpose Securitization Corp. Sales Tax Revenue 5.000%  10/1/2026     455        457
  Matching Fund Special Purpose Securitization Corp. Sales Tax Revenue 5.000%  10/1/2027   1,540      1,571
  Virgin Islands Transportation & Infrastructure Corp. Government Fund/Grant Revenue 5.000%   9/1/2033   1,175      1,293
  Virgin Islands Transportation & Infrastructure Corp. Government Fund/Grant Revenue 5.000%   9/1/2035   1,930      2,159
                                      5,480
Total Tax-Exempt Municipal Bonds (Cost $19,233,880) 19,237,912
78

 

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

($000)
Taxable Municipal Bonds (0.1%)
Puerto Rico (0.1%)
  Commonwealth of Puerto Rico CVI 0.000% 11/1/2043 25,006     17,254
  Commonwealth of Puerto Rico CVI 0.000% 11/1/2051 9,578      6,729
Total Taxable Municipal Bonds (Cost $21,241) 23,983
Total Investments (100.0%) (Cost $19,255,121) 19,261,895
Other Assets and Liabilities—Net (0.0%) 527
Net Assets (100%) 19,262,422
Cost is in $000.
• See Note A in Notes to Financial Statements.
1 Scheduled principal and interest payments are guaranteed by Financial Guaranty Insurance Co.
2 Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp.
3 Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co.
4 Scheduled principal and interest payments are guaranteed by Assured Guaranty Inc.
5 Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of May 31, 2026.
6 Step bond.
7 Scheduled principal and interest payments are guaranteed by bank letter of credit.
8 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.
9 Scheduled principal and interest payments are guaranteed by Ambac Assurance Corp.
10 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, 2026, the aggregate value was $818,594, representing 4.2% of net assets.
11 Securities with a value of $3,211 have been segregated as initial margin for open futures contracts.
12 Scheduled principal and interest payments are guaranteed by Federal Housing Authority.
13 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.
14 Non-income-producing security—security in default.
  BAN—Bond Anticipation Note.
  COP—Certificate of Participation.
  CVI—Contingent Value Instruments.
  ETM—Escrowed to Maturity.
  GO—General Obligation Bond.
  Prere.—Prerefunded.
  PUT—Put Option Obligation.
  SIFMA—Securities Industry and Financial Markets Association.
  TOB—Tender Option Bond.
  TSFR3M—CME Term Secured Overnight Financing Rate 3-Month.
  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)
Long Futures Contracts        
5-Year U.S. Treasury Note September 2026 2,389 256,127 761
 
Short Futures Contracts        
Ultra 10-Year U.S. Treasury Note September 2026 (648) (72,627) (684)
        77
79

 

California Intermediate-Term Tax-Exempt Fund
                 
Over-the-Counter Swaps - Municipal Market Data Rate Locks    
Termination
Date 		Counterparty Notional
Amount
($000) 		Buy/Sell Reference
Index 		Strike
Rate 		Value
($000) 		Unrealized
Appreciation
($000) 		Unrealized
(Depreciation)
($000)
8/18/2026 RBC 3,538 Buy 30-Year MMD AAA General Obligation Scale 4.770% 258 258 —
8/20/2026 MSBNA 30,000 Buy 5-Year MMD AAA General Obligation Scale 2.790% 110 110 —
10/30/2026 JPMC 12,667 Buy 20-Year MMD AAA General Obligation Scale 4.040% 11 11 —
11/2/2026 JPMC 12,667 Buy 20-Year MMD AAA General Obligation Scale 4.060% 44 44 —
            423 423 —
  JPMC—JPMorgan Chase Bank, N.A.
  MSBNA—Morgan Stanley Bank, N.A.
  RBC—Royal Bank of Canada.
At May 31, 2026, the counterparties had deposited in segregated accounts securities with a value of $551 in connection with open over-the-counter municipal market rate lock contracts.
See accompanying Notes, which are an integral part of the Financial Statements.
80

 

California Intermediate-Term Tax-Exempt Fund
Statement of Assets and Liabilities
As of May 31, 2026
($000s, except shares and per-share amounts) Amount
Assets  
Investments in Securities, at Value—Unaffiliated Issuers (Cost $19,255,121) 19,261,895
Investment in Vanguard 420
Receivables for Investment Securities Sold 5,221
Receivables for Accrued Income 197,549
Receivables for Capital Shares Issued 29,908
Unrealized Appreciation—Over-the-Counter Swap Contracts 423
Other Assets 174
Total Assets 19,495,590
Liabilities  
Due to Custodian 153
Payables for Investment Securities Purchased 190,776
Payables for Capital Shares Redeemed 30,029
Payables for Distributions 11,409
Payables to Vanguard 784
Variation Margin Payable—Futures Contracts 17
Total Liabilities 233,168
Net Assets 19,262,422
At May 31, 2026, net assets consisted of:  
   
Paid-in Capital 19,478,718
Total Distributable Earnings (Loss) (216,296)
Net Assets 19,262,422
 
Investor Shares—Net Assets  
Applicable to 132,267,392 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		1,524,809
Net Asset Value Per Share—Investor Shares $11.53
 
Admiral™ Shares—Net Assets  
Applicable to 1,538,622,995 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		17,737,613
Net Asset Value Per Share—Admiral Shares $11.53
  
See accompanying Notes, which are an integral part of the Financial Statements.
81

 

California Intermediate-Term Tax-Exempt Fund
Statement of Operations
  Six Months Ended
May 31, 2026
  ($000)
Investment Income  
Income  
Interest 305,100
Total Income 305,100
Expenses  
The Vanguard Group—Note C  
Investment Advisory Services 1,219
Management and Administrative—Investor Shares 885
Management and Administrative—Admiral Shares 6,053
Marketing and Distribution—Investor Shares 64
Marketing and Distribution—Admiral Shares 448
Custodian Fees 20
Shareholders’ Reports—Investor Shares 7
Shareholders’ Reports—Admiral Shares 26
Trustees’ Fees and Expenses 5
Other Expenses 5
Total Expenses 8,732
Expenses Paid Indirectly (4)
Net Expenses 8,728
Net Investment Income 296,372
Realized Net Gain (Loss)  
Investment Securities Sold (635)
Futures Contracts 49
Swap Contracts 666
Realized Net Gain (Loss) 80
Change in Unrealized Appreciation (Depreciation)  
Investment Securities (69,175)
Futures Contracts 263
Swap Contracts (523)
Change in Unrealized Appreciation (Depreciation) (69,435)
Net Increase (Decrease) in Net Assets Resulting from Operations 227,017
  
See accompanying Notes, which are an integral part of the Financial Statements.
82

 

California Intermediate-Term Tax-Exempt Fund
Statement of Changes in Net Assets
  Six Months Ended
May 31,
2026 		  Year Ended
November 30,
2025
  ($000)   ($000)
Increase (Decrease) in Net Assets      
Operations      
Net Investment Income 296,372   515,430
Realized Net Gain (Loss) 80   (44,349)
Change in Unrealized Appreciation (Depreciation) (69,435)   175,282
Net Increase (Decrease) in Net Assets Resulting from Operations 227,017   646,363
Distributions      
Investor Shares (23,562)   (40,756)
Admiral Shares (270,470)   (471,542)
Total Distributions (294,032)   (512,298)
Capital Share Transactions      
Investor Shares 84,726   122,393
Admiral Shares 1,294,166   1,428,473
Net Increase (Decrease) from Capital Share Transactions 1,378,892   1,550,866
Total Increase (Decrease) 1,311,877   1,684,931
Net Assets      
Beginning of Period 17,950,545   16,265,614
End of Period 19,262,422   17,950,545
  
See accompanying Notes, which are an integral part of the Financial Statements.
83

 

California Intermediate-Term Tax-Exempt Fund
Financial Highlights
Investor Shares            
For a Share Outstanding
Throughout Each Period  		Six Months
Ended
May 31,
2026 		Year Ended November 30,
2025 2024 2023 2022 2021
Net Asset Value, Beginning of Period $11.57 $11.49 $11.24 $11.12 $12.22 $12.35
Investment Operations            
Net Investment Income1 .182 .348 .316 .284 .251 .246
Net Realized and Unrealized Gain (Loss) on Investments (.042) .078 .248 .119 (1.095) (.108)
Total from Investment Operations .140 .426 .564 .403 (.844) .138
Distributions            
Dividends from Net Investment Income (.180) (.346) (.314) (.283) (.250) (.246)
Distributions from Realized Capital Gains — — — — (.006) (.022)
Total Distributions (.180) (.346) (.314) (.283) (.256) (.268)
Net Asset Value, End of Period $11.53 $11.57 $11.49 $11.24 $11.12 $12.22
Total Return2 1.22% 3.81% 5.07% 3.67% -6.92% 1.13%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $1,525 $1,446 $1,313 $1,270 $1,361 $1,837
Ratio of Total Expenses to Average Net Assets 0.14%3 0.15%3 0.17%3 0.17%3 0.17%3 0.17%
Ratio of Net Investment Income to Average Net Assets 3.15% 3.07% 2.77% 2.54% 2.20% 2.00%
Portfolio Turnover Rate 5% 19% 40% 46% 32% 19%
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.
3 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.14%, 0.15%, 0.17%, 0.17%, and 0.17%, respectively.
  
See accompanying Notes, which are an integral part of the Financial Statements.
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California Intermediate-Term Tax-Exempt Fund
Financial Highlights
Admiral Shares            
For a Share Outstanding
Throughout Each Period  		Six Months
Ended
May 31,
2026 		Year Ended November 30,
2025 2024 2023 2022 2021
Net Asset Value, Beginning of Period $11.57 $11.49 $11.24 $11.12 $12.22 $12.35
Investment Operations            
Net Investment Income1 .184 .354 .325 .293 .260 .255
Net Realized and Unrealized Gain (Loss) on Investments (.041) .078 .248 .119 (1.094) (.107)
Total from Investment Operations .143 .432 .573 .412 (.834) .148
Distributions            
Dividends from Net Investment Income (.183) (.352) (.323) (.292) (.260) (.256)
Distributions from Realized Capital Gains — — — — (.006) (.022)
Total Distributions (.183) (.352) (.323) (.292) (.266) (.278)
Net Asset Value, End of Period $11.53 $11.57 $11.49 $11.24 $11.12 $12.22
Total Return2 1.24% 3.86% 5.16% 3.76% -6.85% 1.21%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $17,738 $16,504 $14,952 $13,537 $13,429 $17,444
Ratio of Total Expenses to Average Net Assets 0.09%3 0.09%3 0.09%3 0.09%3 0.09%3 0.09%
Ratio of Net Investment Income to Average Net Assets 3.20% 3.12% 2.85% 2.62% 2.28% 2.08%
Portfolio Turnover Rate 5% 19% 40% 46% 32% 19%
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.
3 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.09%.
  
See accompanying Notes, which are an integral part of the Financial Statements.
85

 

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.
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 other 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 valuation designee to represent fair value and subject to oversight by the board of trustees.
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, 2026, the fund’s average investments in long and short futures contracts represented 1% and less than 1% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
3. MMD Rate Locks: The fund enters into Municipal Market Data (MMD) Rate Lock contracts to lock in a specified municipal interest rate for a portion of the fund to preserve a return on a particular investment or a portion of the fund as a duration management technique or to protect against market interest rate risk for anticipated purchase of municipal bonds. Under the terms of the contracts, both parties agree to make payments to each other on a notional amount, contingent upon whether the reference index rate is above or below a strike rate on the termination date of the contract. The fund may buy (long) an MMD Rate Lock and if the referenced MMD AAA Index is below the strike rate on the termination date, the counterparty will make a payment to the fund. If the MMD AAA Index is above the strike rate on the termination date, the fund will make a payment to the counterparty. The fund may also sell (short) an MMD Rate Lock. The contract terms of a short position will move in the opposite direction as a long position.
The primary risk associated with MMD Rate Locks is that municipal yields will move in the opposite direction than anticipated by a fund, which would cause the fund to make payments to its counterparty in the transaction that could adversely affect the fund’s performance. A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
The notional amounts of swap contracts are not recorded in the Statement of Assets and Liabilities. MMD Rate Locks are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is 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 terminated, at which time realized gain (loss) is recorded.
During the six months ended May 31, 2026, the fund’s average amount of investments in MMD Rate Locks represented less than 1% of net assets, based on the average of notional amounts at each quarter-end during the period.
4. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute virtually 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.
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California Intermediate-Term Tax-Exempt Fund
5. 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.
6. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes 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 the higher of the effective federal funds rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate. 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, 2026, the fund did not utilize the credit facilities or the Interfund Lending Program.
7. 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. Vanguard provides investment advisory services to the fund through its wholly owned subsidiary Vanguard Capital Management, LLC.
C. 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, 2026, the fund had contributed to Vanguard capital in the amount of $420,000, representing less than 0.01% of the fund’s net assets and 0.17% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
D. The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended May 31, 2026, custodian fee offset arrangements reduced the fund’s expenses by $4,000 (an annual rate of less than 0.01% of average net assets).
E. 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.
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California Intermediate-Term Tax-Exempt Fund
The following table summarizes the market value of the fund’s investments and derivatives as of May 31, 2026, 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 — 19,237,912 — 19,237,912
Taxable Municipal Bonds — 23,983 — 23,983
Total — 19,261,895 — 19,261,895
Derivative Financial Instruments         
Assets        
Futures Contracts1 761 — — 761
Swap Contracts — 423 — 423
Total 761 423 — 1,184
Liabilities        
Futures Contracts1 (684) — — (684)
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.
F. As of May 31, 2026, 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 19,256,900
Gross Unrealized Appreciation 247,462
Gross Unrealized Depreciation (241,967)
Net Unrealized Appreciation (Depreciation) 5,495
The fund’s tax-basis capital gains and losses are determined only at the end of each fiscal year. For tax purposes, at November 30, 2025, the fund had available capital losses totaling $232,368,000 that may be carried forward indefinitely to offset future net capital gains. The fund will use these capital losses to offset net taxable capital gains, if any, realized during the year ending November 30, 2026; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.
G. During the six months ended May 31, 2026, the fund purchased $2,118,869,000 of investment securities and sold $869,541,000 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, 2026, such purchases were $152,865,000 and sales were $33,266,000, 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.
H. Capital share transactions for each class of shares were:
    
  Six Months Ended
May 31, 2026 		  Year Ended
November 30, 2025
  Amount
($000) 		Shares
(000) 		  Amount
($000) 		Shares
(000)
Investor Shares          
Issued 305,305 26,364   447,254 39,441
Issued in Lieu of Cash Distributions 21,058 1,820   37,029 3,264
Redeemed (241,637) (20,926)   (361,890) (31,992)
Net Increase (Decrease)—Investor Shares 84,726 7,258   122,393 10,713
Admiral Shares          
Issued 2,361,675 204,242   4,285,578 378,800
Issued in Lieu of Cash Distributions 206,191 17,821   358,491 31,596
Redeemed (1,273,700) (110,226)   (3,215,596) (284,933)
Net Increase (Decrease)—Admiral Shares 1,294,166 111,837   1,428,473 125,463
I. Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, political or regulatory conditions, 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.
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California Intermediate-Term Tax-Exempt Fund
To the extent the fund’s investment portfolio reflects concentration in a particular market, industry, sector, country or asset class, the fund may be adversely affected by the performance of these concentrations and may be subject to increased price volatility and other risks.
Credit risk is the risk that a counterparty to a transaction or an issuer of a financial instrument will fail to pay interest and principal when due, or that perceptions of the issuer’s ability to make such payments will cause the price of an investment to decline. Investment in debt securities will generally increase credit risk.
The use of derivatives may expose the fund to various risks. Derivatives can be highly volatile, and any initial investment is generally small relative to the notional amount so that transactions may be leveraged in terms of market exposure. A relatively small market movement may have a potentially larger impact on derivatives than on standard securities. Leveraged derivatives positions can, therefore, increase volatility. Additional information regarding the fund’s use of derivative(s) and the specific risks associated is described under significant accounting policies.
At May 31, 2026, one shareholder was the record or beneficial owner of 36% 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.
J. Operating segments are components of an entity that engage in business activities, have discrete financial information available, and have their operating results regularly reviewed by a chief operating decision maker (“CODM”). The fund is considered a single segment. Vanguard’s chief executive officer, chief investment officer, and chief financial officer, who are also officers of the fund, as well as the fund’s chief financial officer collectively act as the CODM. Vanguard has established various management committees to assist the CODM with overseeing aspects of the fund’s daily operations. Through these committees, the CODM manages the fund’s operations to achieve a single investment objective, as detailed in its prospectus, through the execution of the fund’s investment strategies. When assessing segment performance and making decisions about segment resources, the CODM relies on the fund’s portfolio composition, total returns, expense ratios and changes in net assets which are consistent with the information contained in the fund’s financial statements. Segment assets, liabilities, income, and expenses are also detailed in the accompanying financial statements.
K. Management has determined that no subsequent events or transactions occurred through the date the financial statements were issued that would require recognition or disclosure in these financial statements.
Q1002 072026
89
Financial Statements
For the six-months ended May 31, 2026
Vanguard California Long-Term Tax-Exempt Fund

 

Contents
Financial Statements
1
   

 

California Long-Term Tax-Exempt Fund
Financial Statements (unaudited)
Schedule of Investments
As of May 31, 2026
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 (99.4%)
California (98.2%)
  ABC Unified School District GO 3.000%   8/1/2040  2,000     1,780
  ABC Unified School District GO 3.000%   8/1/2044 12,085    10,195
  Acalanes Union High School District GO 6.350%   8/1/2039 10,000    10,994
  Acalanes Union High School District GO 6.550%   8/1/2039  4,500     4,974
1 Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/2052  3,300     3,399
1 Alameda Corridor Transportation Authority Transit Revenue 3.000%  10/1/2034  1,030     1,005
1 Alameda Corridor Transportation Authority Transit Revenue 4.000%  10/1/2035  1,000     1,001
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/2037  1,410     1,417
  Alameda County CA Fremont Unified School District GO 5.000%   8/1/2026    465       467
  Alameda County CA Fremont Unified School District GO 5.000%   8/1/2032  1,000     1,144
  Alameda County CA Fremont Unified School District GO 3.000%   8/1/2033  1,000       993
  Alameda County CA Fremont Unified School District GO 5.000%   8/1/2034  1,290     1,510
  Alameda County CA Unified School District GO 4.000%   8/1/2052  3,000     2,846
1 Alameda County Oakland Unified School District GO 3.000%   8/1/2040  7,000     6,246
2 Alameda County Oakland Unified School District GO 5.000%   8/1/2044  1,430     1,578
2 Alameda County Oakland Unified School District GO 5.000%   8/1/2045  1,445     1,578
2 Alameda County Oakland Unified School District GO 5.000%   8/1/2046  1,040     1,124
2 Alameda County Oakland Unified School District GO 5.000%   8/1/2048  2,620     2,785
  Alameda County Transportation Commission Sales Tax Revenue 5.000%   3/1/2045  2,240     2,390
  Alameda County Water District Financing Authority Intergovernmental Agreement Revenue 3.000%   6/1/2040    850       782
  Albany Unified School District GO 4.000%   8/1/2026    125       125
1 Alhambra Unified School District GO 0.000%   8/1/2042  2,250     1,184
2 Alisal Union School District GO 5.250%   8/1/2042  1,500     1,533
1,3 Alum Rock Union Elementary School District GO 5.000%   8/1/2051  2,500     2,647
1,3 Alum Rock Union Elementary School District GO 5.250%   8/1/2054  2,500     2,686
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2037    500       541
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2038    600       647
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2039  1,000     1,074
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2040  1,300     1,392
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2041  1,900     2,028
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2042  2,000     2,125
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2043  2,080     2,201
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2044  2,525     2,658
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.500%  10/1/2055  3,000     3,142
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/2035  1,500     1,536
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/2036    400       409
3 Antelope Valley Community College District GO 5.000%   8/1/2043    340       373
3 Antelope Valley Community College District GO 5.000%   8/1/2044    285       310
  Antelope Valley Healthcare District Health, Hospital, Nursing Home Revenue 5.250%   3/1/2036  1,870     1,870
1 Antioch Unified School District GO 5.000%   8/1/2044    180       193
1 Antioch Unified School District GO 4.000%   8/1/2054  7,875     7,344
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2038    565       565
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2040  2,240     2,678
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2041  1,260     1,502
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2042  1,530     1,816
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2043  1,220     1,445
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2044  1,010     1,187
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2053  8,950     9,458
  Bay Area Toll Authority Highway Revenue 3.000%   4/1/2054 16,705    12,161
  Bay Area Toll Authority Highway Revenue 2.600%   4/1/2056 19,000    12,627
  Bay Area Toll Authority Highway Revenue PUT 2.000%   4/1/2028  4,750     4,660
4 Bay Area Toll Authority Highway Revenue VRDO 2.350%   6/1/2026  7,040     7,040
4 Bay Area Toll Authority Highway Revenue VRDO 2.350%   6/1/2026 24,400    24,400
4 Bay Area Toll Authority Highway Revenue VRDO 2.350%   6/1/2026 18,330    18,330
4 Bay Area Toll Authority Highway Revenue VRDO 0.800%   6/4/2026  3,500     3,500
4 Bay Area Toll Authority Highway Revenue VRDO 1.000%   6/4/2026  3,000     3,000
5 Bay Area Toll Authority Highway Revenue, SIFMA Municipal Swap Index Yield + 1.250% 2.820%   4/1/2036  1,250     1,253
  Berkeley CA GO 2.000%   9/1/2041    140       101
  Berkeley CA Unified School District GO 2.000%   8/1/2039    530       416
  Berkeley CA Unified School District GO 2.000%   8/1/2040    440       335
1

 

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

($000)
  Beverly Hills CA Unified School District GO 3.000%   8/1/2040  3,155     2,879
  Beverly Hills CA Unified School District GO 3.000%   8/1/2041  2,000     1,782
  Brentwood Union School District GO 5.250%   8/1/2052  3,000     3,164
  Buena Park School District GO 5.000%   8/1/2043    970     1,073
  Buena Park School District GO 5.000%   8/1/2044  1,095     1,201
  Buena Park School District GO 5.000%   8/1/2045    355       386
  Burlingame School District GO 3.000%   8/1/2042  2,000     1,744
  Butte-Glenn Community College District GO 3.000%   8/1/2044    455       374
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   2/1/2031 10,000    10,613
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%  11/1/2033 19,460    21,033
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%  12/1/2035 18,865    20,679
  California Community Choice Financing Authority Electric Power & Light Revenue 5.250%   2/1/2036 17,500    19,080
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   3/1/2036 17,500    18,386
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 4.000%  12/1/2027 67,090    67,843
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/2029 24,355    25,428
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/2029 30,030    31,373
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.250%   4/1/2030 39,580    41,820
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.500%  11/1/2030  5,715     6,213
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   3/1/2031 14,675    15,491
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   4/1/2032 14,115    14,968
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   9/1/2032 27,500    29,771
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%  10/1/2032 21,270    22,166
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%  12/1/2032 28,635    29,461
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/2033 39,615    42,912
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%  10/1/2033 11,340    11,839
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 4.000%   8/1/2028 36,040    36,468
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.500%  11/1/2028 48,175    50,314
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 4.000%   8/1/2031 17,885    18,145
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%  11/1/2032 10,275    10,936
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%   7/1/2034 27,470    27,974
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%   5/1/2035 16,090    16,570
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%   5/1/2035  5,750     6,214
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%  11/1/2035  8,480     9,114
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%   2/1/2036 13,000    14,035
4,6 California Community Choice Financing Authority Electric Power & Light Revenue TOB VRDO 2.650%   6/1/2026  1,165     1,165
6 California Community Housing Agency Local or Guaranteed Housing Revenue 4.000%   8/1/2050  1,865     1,489
6 California Community Housing Agency Local or Guaranteed Housing Revenue 4.000%   2/1/2056  3,250     2,564
6 California Community Housing Agency Local or Guaranteed Housing Revenue 4.000%   2/1/2056  3,000     2,514
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2033    885       929
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2036  1,710     1,703
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2049  2,500     2,243
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/2049  1,125       984
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 0.000%   6/1/2055 23,195     4,933
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2047  8,000     8,695
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2048  8,715     9,408
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2056  2,500     2,645
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/2033    250       258
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/2038  2,250     2,297
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/2042  1,780     1,788
  California Educational Facilities Authority College & University Revenue 5.000%   6/1/2043 14,000    16,712
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/2043  1,000     1,083
  California Educational Facilities Authority College & University Revenue 5.250%  10/1/2044    745       752
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2045  1,000     1,001
  California Educational Facilities Authority College & University Revenue 5.000%   6/1/2046  6,680     7,741
  California Educational Facilities Authority College & University Revenue 5.000%   5/1/2049  2,900     3,288
  California Educational Facilities Authority College & University Revenue 4.000%  12/1/2050  2,380     2,059
  California Educational Facilities Authority College & University Revenue 5.500%  10/1/2053 16,020    15,849
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2055 22,000    23,179
6 California Educational Facilities Authority Revenue TOB VRDO 2.700%   6/1/2026  3,596     3,596
4,6 California Educational Facilities Authority Revenue TOB VRDO 3.000%   6/1/2026 13,060    13,060
6 California Enterprise Development Authority Charter School Aid Revenue 4.000%   6/1/2042  2,000     1,812
6 California Enterprise Development Authority Charter School Aid Revenue 5.000%   6/1/2064  2,000     1,878
6 California Enterprise Development Authority Charter School Aid Revenue (The Rocklin Academy Project) 5.000%   6/1/2064  4,270     4,036
  California Enterprise Development Authority Lease (Abatement) Revenue (Riverside County-Mead Valley Wellness Village Project) 5.250%  11/1/2049 12,500    12,687
  California Enterprise Development Authority Lease (Abatement) Revenue (Riverside County-Mead Valley Wellness Village Project) 5.250%  11/1/2054 15,085    16,007
  California Enterprise Development Authority Lease (Abatement) Revenue (Riverside County-Mead Valley Wellness Village Project) 5.500%  11/1/2059 31,215    33,674
2

 

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

($000)
  California Enterprise Development Authority Lease (Abatement) Revenue (Riverside County-Mead Valley Wellness Village Project) 5.500%  11/1/2059 15,000    15,254
  California Enterprise Development Authority Private Schools Revenue (Castilleja School Foundation Project) 5.000%   6/1/2049  3,950     4,121
  California Enterprise Development Authority Private Schools Revenue (Castilleja School Foundation Project) 4.000%   6/1/2054  7,000     6,399
  California Enterprise Development Authority Private Schools Revenue (Milken Community School Project) 5.000%   7/1/2036    185       208
  California GO 3.000%  10/1/2033  1,000       995
  California GO 4.000%  10/1/2034  3,845     3,953
  California GO 3.000%  11/1/2034  1,000       996
  California GO 3.250%  12/1/2035    235       234
  California GO 4.000%   3/1/2036 15,650    16,142
  California GO 5.000%   4/1/2036  4,595     4,856
  California GO 3.000%   9/1/2036  5,000     4,747
  California GO 5.000%  10/1/2037  7,815     8,576
  California GO 5.000%   4/1/2038  1,500     1,579
  California GO 5.000%   9/1/2038  2,605     2,916
  California GO 5.000%   8/1/2039 14,020    15,807
  California GO 5.000%   9/1/2039  3,660     4,026
  California GO 5.000%  10/1/2039  5,230     5,535
  California GO 5.000%  10/1/2039  1,750     1,939
  California GO 5.000%  10/1/2039  7,620     8,325
  California GO 3.200%  12/1/2039  3,355     3,163
  California GO 4.000%   3/1/2040    910       925
  California GO 5.000%  10/1/2040 12,895    14,760
  California GO 5.000%   9/1/2041 30,405    32,980
  California GO 5.000%  10/1/2041 17,645    19,030
  California GO 3.000%  11/1/2041  4,125     3,727
  California GO 2.250%  12/1/2041    480       378
  California GO 3.200%  12/1/2041  2,000     1,868
  California GO 4.000%   4/1/2042  1,500     1,520
  California GO 4.000%   9/1/2042  1,700     1,724
  California GO 5.000%   9/1/2042 23,770    25,865
  California GO 5.000%  10/1/2042  5,000     5,224
  California GO 5.000%  10/1/2042 22,800    24,977
  California GO 5.000%  10/1/2042  5,960     6,740
  California GO 5.000%  11/1/2042  1,250     1,363
  California GO 5.000%   3/1/2043  7,150     7,946
  California GO 5.000%  10/1/2043  5,485     6,159
  California GO 5.000%  10/1/2044 17,010    18,895
  California GO 5.000%  10/1/2045 13,185    14,538
  California GO 2.375%  10/1/2046  2,000     1,412
  California GO 5.000%  10/1/2046  7,295     7,974
  California GO 5.000%  11/1/2046 13,540    14,646
  California GO 3.000%  12/1/2046 12,515    10,153
  California GO 3.625%  10/1/2047  1,020       923
  California GO 5.000%  10/1/2047 32,000    34,897
  California GO 5.000%  10/1/2048  5,000     5,406
  California GO 2.500%  12/1/2049    100        68
  California GO 2.500%   3/1/2050  1,000       672
  California GO 5.250%  10/1/2051 12,500    13,683
  California GO 5.000%  10/1/2056 22,000    23,229
4 California GO VRDO 1.200%   6/3/2026  5,000     5,000
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.850% 11/15/2027    500       500
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031  7,500     8,148
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031  5,140     5,542
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2032  5,260     5,761
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2034  6,755     7,463
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2035  3,175     3,537
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/2036  3,000     2,861
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2036  7,475     8,141
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/2037  6,310     5,938
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2037    150       154
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2037  3,350     3,631
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/2038  3,990     3,702
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2038  6,000     5,943
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2038    100       108
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2038  5,040     5,426
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.250%  8/15/2039    505       475
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/2039  1,000     1,000
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/2039  8,135     7,438
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2039  1,080     1,157
3

 

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 5.250%  12/1/2040    750       816
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2041 10,000    10,774
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  10/1/2041  3,435     2,963
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 2.125%  11/1/2041  3,500     2,576
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/2041  1,660     1,784
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2042 12,805    12,405
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/2042  1,050     1,120
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.250%  10/1/2044  5,000     4,754
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2044  2,845     2,662
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2045  1,190     1,134
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   6/1/2047  5,000     3,961
2 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   6/1/2047  9,980     7,965
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  10/1/2047  1,175       879
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2047    975     1,082
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.250%   2/1/2048  3,800     4,113
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/2048 30,000    28,563
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2048    975       882
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.250% 11/15/2048  2,000     2,066
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/2049  2,020     1,615
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2051  6,750     6,187
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  8/15/2051  7,500     5,582
1 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  8/15/2051  5,975     4,571
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2051  4,000     4,197
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.250% 11/15/2053  2,500     2,554
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.250% 11/15/2058  3,000     3,056
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2027 11,685    11,958
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   9/1/2028  6,755     6,957
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2030 18,775    20,110
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2032 20,600    22,793
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2036 11,600    13,485
7 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.650%   8/1/2030    500       509
7 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.800%   2/1/2032    250       256
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%  3/20/2033 18,476    18,871
7 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.850%   8/1/2033    260       266
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.750%   7/1/2034  5,565     5,620
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.250%  1/15/2035  7,579     7,850
7 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.950%   2/1/2035    225       228
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.750%  3/25/2035 15,621    15,796
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.500% 11/20/2035 22,538    22,362
  California Housing Finance Agency Local or Guaranteed Housing Revenue 2.350%  12/1/2035  2,227     1,909
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.250%  8/20/2036  2,980     2,874
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.375%  9/20/2036  4,367     4,415
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.700%  11/1/2037  2,325     2,341
  California Housing Finance Agency Local or Guaranteed Housing Revenue 2.500%   2/1/2038  1,592     1,373
7 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.850%   8/1/2039  3,285     3,302
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%  10/1/2039  5,000     5,066
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.100%   7/1/2040  8,560     8,563
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.100%   9/1/2040  9,250     9,299
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.100%   9/1/2040  9,315     9,365
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.250%   8/1/2041  1,485     1,496
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.330%   2/1/2042  5,000     4,973
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.250%   5/1/2043  3,185     3,189
7 California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   8/1/2026  1,000     1,000
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.250%   7/1/2027 12,935    12,963
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.750%   5/1/2028  2,900     2,893
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.750%  11/1/2028  1,600     1,591
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.900%   5/1/2029  7,500     7,500
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.950%  12/1/2029  4,000     4,003
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.600%   4/1/2030  2,100     2,072
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2044    275       280
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/2045  1,885     1,820
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/2046  1,700     1,619
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2049  1,625     1,639
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2049  1,500     1,539
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/2050  1,730     1,574
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/2051  1,750     1,580
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2054  1,750     1,775
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/2055  1,860     1,631
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/2056  3,350     2,924
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2059  1,250     1,263
4

 

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

($000)
6 California Infrastructure & Economic Development Bank Charter School Aid Revenue (WFCS Portfolio Projects) 5.000%   1/1/2056  4,530     3,921
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/2047  3,325     3,389
  California Infrastructure & Economic Development Bank College & University Revenue 5.250%  5/15/2059  4,275     4,516
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Adventist Health Energy Projects) 5.000%   7/1/2039  9,040     9,710
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Adventist Health Energy Projects) 5.000%   7/1/2043  1,765     1,858
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Adventist Health Energy Projects) 5.000%   7/1/2044  1,835     1,917
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Adventist Health Energy Projects) 5.250%   7/1/2054  6,880     7,015
6 California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (PIH Health Energy Projects) 5.000%  12/1/2054 18,265    18,456
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/2044  1,385     1,444
  California Infrastructure & Economic Development Bank Miscellaneous Revenue PUT 3.000%  10/1/2026    480       480
  California Infrastructure & Economic Development Bank Miscellaneous Revenue PUT 5.000%  10/1/2026    165       166
  California Infrastructure & Economic Development Bank Private Schools Revenue PUT 1.750%   8/1/2026  3,240     3,225
  California Infrastructure & Economic Development Bank Recreational Revenue 3.000%   7/1/2050 12,525     9,408
6 California Municipal Finance Authority Charter School Aid Revenue (Palmdale Aerospace Academy Project) 4.000%   7/1/2026    260       260
6 California Municipal Finance Authority Charter School Aid Revenue (Palmdale Aerospace Academy Project) 5.000%   7/1/2038  1,000     1,005
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2029    225       233
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2030  1,165     1,191
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2032    225       232
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2033    625       636
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2034  1,125     1,144
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2034    750       769
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/2035    530       530
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2036    250       256
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2038  1,800     1,835
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/2041    740       720
  California Municipal Finance Authority College & University Revenue 5.000%   7/1/2042  2,410     2,595
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/2042  1,610     1,583
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/2044  1,500     1,456
  California Municipal Finance Authority College & University Revenue 5.500%   7/1/2060  5,250     5,590
  California Municipal Finance Authority College & University Revenue, Prere. 4.000%  11/1/2031     15        16
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2028  1,800     1,820
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2029  1,000     1,058
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2030  1,050     1,124
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2031  1,100     1,190
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032  1,430     1,451
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2032  1,160     1,265
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2033    600       588
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2033  1,450     1,470
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2033  1,825     2,004
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2034  1,775     1,798
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2034  1,275     1,396
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2035  2,000     2,024
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2035  1,240     1,255
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2035  1,345     1,466
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/2036  2,375     2,383
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2036  1,405     1,527
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2037  1,800     1,818
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2037  1,110     1,201
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2038  1,555     1,677
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2039  2,130     2,062
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2039  1,550     1,665
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/2040  1,000     1,004
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2040  1,000       912
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2042  2,575     2,587
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2042  3,465     3,485
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2044  2,555     2,560
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 3.000%   2/1/2046  5,945     4,613
1 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 3.000%   2/1/2046  2,500     1,955
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 3.000%  10/1/2046  1,000       789
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2049  3,105     2,737
6 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2049  4,000     3,787
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2050    100        83
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/2051 16,595    14,468
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.250%   9/1/2055  2,800     2,850
5

 

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

($000)
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.375%   6/1/2056  1,570     1,560
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (California Armenian Home Project) 5.000%  5/15/2045  3,605     3,717
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Carmel Valley Manor Project) 5.000%  5/15/2042  5,000     5,330
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Channing House Project) 4.000%  5/15/2040  6,500     6,513
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/2037  1,405     1,433
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (South Central Los Angeles Regional Center Project) 5.000%  12/1/2038    725       810
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (South Central Los Angeles Regional Center Project) 4.000%  12/1/2043  1,000       990
  California Municipal Finance Authority Industrial Revenue VRDO 2.350%   6/1/2026  6,100     6,100
  California Municipal Finance Authority Lease (Abatement) Revenue 5.000%   6/1/2037  3,015     3,071
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 3.600%  11/1/2034  2,625     2,664
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2035  1,430     1,491
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 2.650%   8/1/2036  7,806     6,900
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2039  1,000     1,014
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2040  1,480     1,511
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.200%   8/1/2040  1,870     1,896
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  11/1/2040  4,470     4,503
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.216% 11/20/2040  6,839     6,789
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.216% 11/20/2040  3,505     3,316
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 3.536%  2/20/2041  4,943     4,620
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.050%  7/20/2041  4,478     4,420
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.125%  11/1/2041  1,230     1,214
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.050%   4/1/2044  1,610     1,728
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.480%   6/1/2044  1,666     1,704
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%   4/1/2048  2,000     2,031
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 3.000%  5/15/2051 15,990    12,013
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 3.000%  5/15/2054  8,225     5,988
6 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.500%   7/1/2057  5,145     5,167
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/2031    270       294
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/2032    285       312
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/2033    300       330
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 4.000%  8/15/2042  1,000       950
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.250%  8/15/2058  1,600     1,636
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/2059  1,000     1,006
6 California Municipal Finance Authority Local or Guaranteed Housing Revenue (Claremont Colleges Project) 5.000%   7/1/2052  3,040     2,765
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Gibson Drive Apartments Project) 4.450%  12/1/2042  4,500     4,531
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Gibson Drive Apartments Project) PUT 3.750%   6/1/2027  1,729     1,742
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.200%   8/1/2027  1,250     1,250
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.150%  10/1/2027  1,300     1,304
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.050%   6/1/2028    585       586
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.000%  10/1/2028  1,600     1,599
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.000%   2/1/2029 15,000    15,026
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 2.930%   6/1/2029  2,500     2,502
3 California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.000%  12/1/2029  1,440     1,441
6 California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 8.000%  12/1/2044  1,000     1,000
6 California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 8.000%  10/1/2045    830       830
6 California Municipal Finance Authority Private Schools Revenue (Westside Neighborhood School Project) 6.375%  6/15/2064  4,345     4,573
6 California Municipal Finance Authority Resource Recovery Revenue (Waste Management Inc. Project) PUT 3.300%   2/1/2028  1,000     1,002
  California Municipal Finance Authority Special Tax Revenue (Bold Program) 5.500%   9/1/2053  4,500     4,685
  California Municipal Finance Authority Transit Revenue 4.050%  7/20/2041    459       428
  California Municipal Finance Authority Transit Revenue 5.000%   9/1/2060  4,460     4,613
  California Municipal Finance Authority Transit Revenue 5.500%   9/1/2060  5,020     5,409
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2028  1,000     1,039
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 10/15/2031  1,070     1,075
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 10/15/2033    200       201
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/2046  3,355     3,558
  California Public Finance Authority Health, Hospital, Nursing Home Revenue VRDO 2.400%   6/1/2026  2,000     2,000
6 California Public Finance Authority Local or Guaranteed Housing Revenue 6.500%   6/1/2054  7,280     6,975
6 California Public Finance Authority Local or Guaranteed Housing Revenue 6.375%   6/1/2059 14,110    13,143
6 California Public Finance Authority Local or Guaranteed Housing Revenue 6.625%   6/1/2065  3,130     3,319
6 California Public Finance Authority Local or Guaranteed Housing Revenue 6.750%   7/1/2065 19,685    21,170
6 California Public Finance Authority Local or Guaranteed Housing Revenue (The Park at South Stadium Projects) 6.750%   1/1/2066 11,155    11,218
6 California Public Finance Authority Local or Guaranteed Housing Revenue PUT 5.100%   4/1/2033  3,825     3,839
6 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2026  1,000     1,001
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/2031  1,830     1,806
6

 

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

($000)
6 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/2038    930       902
6 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2041  2,750     2,750
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/2045  1,000     1,000
6 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/2048  5,410     4,523
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/2049  1,000     1,013
6 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2050  1,200     1,127
6 California School Finance Authority Charter School Aid Revenue 4.000%   8/1/2051  2,385     1,908
6 California School Finance Authority Charter School Aid Revenue 5.000%   6/1/2054  1,770     1,611
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/2059  3,200     3,200
6 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2059     30        28
6 California School Finance Authority Charter School Aid Revenue 4.000%   6/1/2061 10,000     7,483
6 California School Finance Authority Charter School Aid Revenue 4.000%   8/1/2061  5,550     4,354
6 California School Finance Authority Charter School Aid Revenue 5.125%   7/1/2062  1,000       910
6 California School Finance Authority Charter School Aid Revenue 5.000%   6/1/2064  2,885     2,552
6 California School Finance Authority Charter School Aid Revenue (IVY Academia Project) 4.000%   6/1/2051  1,500     1,062
6 California School Finance Authority Charter School Aid Revenue (IVY Academia Project) 4.000%   6/1/2061  3,675     2,412
6 California School Finance Authority Charter School Aid Revenue (KIPP LA Project) 5.000%   7/1/2047  3,240     3,242
6 California School Finance Authority Charter School Aid Revenue (KIPP LA Projects) 5.000%   7/1/2035    300       300
6 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/2039  1,000     1,026
6 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 4.000%   7/1/2040  1,000       958
6 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/2049    150       150
6 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 4.000%   7/1/2055  6,450     5,368
6 California School Finance Authority Charter School Aid Revenue (New Designs Charter School Adams Campus Project) 5.000%   6/1/2050  2,120     2,029
6 California School Finance Authority Charter School Aid Revenue (Santa Clarita Valley International School Project) 4.000%   6/1/2051  1,550     1,081
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/2034    475       493
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/2035    975     1,010
6 California School Finance Authority Local or Guaranteed Housing Revenue (Sonoma County Junior College District Project) 4.000%  11/1/2036  1,480     1,432
6 California School Finance Authority Local or Guaranteed Housing Revenue (Sonoma County Junior College District Project) 4.000%  11/1/2051    250       205
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/2040  8,095     8,255
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/2041  5,000     5,049
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2043  1,000     1,098
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2044  1,000     1,088
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2045  1,000     1,080
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2049 10,910    11,492
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2037  1,150     1,323
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2038  1,655     1,892
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2039  2,270     2,578
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/2037    655       672
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   5/1/2039  1,255     1,282
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 3.000%  11/1/2039  8,295     7,811
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/2040  2,000     2,254
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/2041  5,000     5,609
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.250%   4/1/2042  5,000     5,672
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/2043  3,210     3,557
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2043  2,000     2,229
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2044  4,860     5,079
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2044  1,000     1,084
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2044  3,740     4,127
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 2.625%  11/1/2045  4,145     3,135
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2045  3,230     3,531
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2046  6,230     6,641
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/2050  5,070     5,360
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2050  6,000     6,362
  California State Public Works Board Lease (Appropriation) Revenue 5.000%  11/1/2046  7,265     7,643
  California State Public Works Board Lease (Appropriation) Revenue (Various Capital Projects) 5.000%  11/1/2046  3,295     3,466
  California State University College & University Revenue 3.000%  11/1/2038  2,280     2,141
  California State University College & University Revenue 5.000%  11/1/2039  5,240     5,482
  California State University College & University Revenue 5.000%  11/1/2042  3,500     3,552
  California State University College & University Revenue 5.000%  11/1/2043  5,500     5,715
  California State University College & University Revenue 5.000%  11/1/2046  3,010     3,279
  California State University College & University Revenue 5.000%  11/1/2047    325       328
  California State University College & University Revenue 4.000%  11/1/2049  4,710     4,511
  California State University College & University Revenue 5.000%  11/1/2049  5,000     5,152
  California State University College & University Revenue 5.250%  11/1/2050 19,000    20,661
7

 

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

($000)
  California State University College & University Revenue 4.000%  11/1/2055  6,045     5,623
  California State University College & University Revenue 5.500%  11/1/2055  4,510     4,926
  California State University College & University Revenue 5.250%  11/1/2056  9,360    10,087
  California State University College & University Revenue PUT 1.600%  11/1/2026  3,500     3,478
  California State University College & University Revenue PUT 3.125%  11/1/2026    260       260
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/2051  5,000     3,745
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2029  1,465     1,466
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030    315       317
6 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030 10,000    10,820
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2031  4,920     4,925
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2032    900       926
6 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2032 10,000    11,079
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2033  1,350     1,388
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2034    980     1,005
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2034    895       914
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2035  2,715     2,717
6 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2035 10,000    11,366
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2036  1,480     1,506
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.000%  8/15/2036    385       359
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2037  2,335     2,360
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2037  1,475     1,498
2 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.500%   3/1/2038  1,045       974
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2038  1,000     1,004
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2038  1,850     1,876
2 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2042  1,445     1,412
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/2044  2,725     3,012
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2045  6,085     5,805
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   8/1/2045  4,015     3,647
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/2046  6,750     6,645
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2047    300       315
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2048    125       108
2 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2048  1,000       905
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.000%   4/1/2050 12,820     9,168
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.000%   4/1/2051  4,895     3,483
1 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.250%  8/15/2052  4,500     4,567
1 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.375%  8/15/2057  3,500     3,567
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of CA Project) 2.500%   4/1/2031 15,720    15,534
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of CA Project) 2.700%   4/1/2032  2,065     2,046
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of CA Project) 2.850%  10/1/2032    630       625
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Odd Fellows Home of CA Project) 4.000%   4/1/2043  2,000     2,000
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   3/1/2027  3,005     3,018
  California Statewide Communities Development Authority Industrial Revenue 4.500%  11/1/2033  3,135     3,254
  California Statewide Communities Development Authority Industrial Revenue 4.500%  11/1/2033  4,925     5,112
  California Statewide Communities Development Authority Intergovernmental Agreement Revenue 5.250%   9/2/2053  6,225     6,288
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2029  2,000     2,003
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2030  3,500     3,505
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2032  2,500     2,503
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2034  4,055     4,183
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2040  4,220     4,246
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.250%  12/1/2040  4,965     5,072
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.250%  12/1/2040  7,420     7,580
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.250%  12/1/2040  5,380     5,496
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2041  4,385     4,383
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 3.000%  5/15/2051  9,000     6,816
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 3.000%  5/15/2054  4,000     2,937
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue (Heritage Park Apartments Project) 3.700%   4/1/2035  1,650     1,666
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue (Vintage at Folsom Project) 4.000%  10/1/2042  1,060     1,028
  California Statewide Communities Development Authority Special Assessment Revenue (Statewide Community Infrastructure Program) 5.000%   9/2/2036    845       847
  California Statewide Communities Development Authority Special Assessment Revenue (Statewide Community Infrastructure Program) 5.375%   9/2/2052  1,990     2,033
  California Statewide Communities Development Authority Special Assessment Revenue (Statewide Community Infrastructure Program) 5.500%   9/2/2053  2,500     2,560
  California Statewide Communities Development Authority Special Tax Revenue 5.000%   9/1/2049  1,815     1,839
  California Statewide Communities Development Authority Special Tax Revenue 4.000%   9/1/2051  1,000       862
8

 

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

($000)
  Campbell CA GO 5.000%   9/1/2047  1,000     1,042
  Carlsbad Unified School District GO 3.000%   8/1/2046  2,000     1,608
  Carson Public Financing Authority Lease (Abatement) Revenue 5.000%   6/1/2049  7,000     7,335
2 Center Joint Unified School District GO 3.000%   8/1/2046  2,000     1,605
1 Centinela Valley Union High School District GO 5.000%   8/1/2034  2,000     2,322
1 Centinela Valley Union High School District GO 5.000%   8/1/2035    730       855
1 Centinela Valley Union High School District GO 5.000%   8/1/2037    790       925
1 Centinela Valley Union High School District GO 5.000%   8/1/2039    500       577
  Central Unified School District GO 5.000%   8/1/2026    125       126
1 Central Unified School District GO 3.000%   8/1/2044  2,500     2,093
  Central Valley Energy Authority Natural Gas Revenue 5.000%   8/1/2034  7,230     7,760
  Central Valley Energy Authority Natural Gas Revenue PUT 5.000%   8/1/2035 11,520    12,379
  Cerritos Community College District GO 3.000%   8/1/2044 11,470     9,693
  Chabot-Las Positas Community College District GO 5.000%   8/1/2042  4,000     4,548
  Chabot-Las Positas Community College District GO 5.000%   8/1/2043  6,000     6,778
  Chabot-Las Positas Community College District GO 5.000%   8/1/2045  1,000     1,108
  Chabot-Las Positas Community College District GO 5.000%   8/1/2048  4,025     4,353
  Chaffey Community College District GO 5.500%   6/1/2049  1,000     1,106
  Chaffey Joint Union High School District GO 5.000%   8/1/2044  1,160     1,161
  Chaffey Joint Union High School District GO 5.250%   8/1/2052  5,035     5,308
  Chaffey Joint Union High School District GO 4.000%   8/1/2054  9,560     9,014
  Chico Unified School District GO 3.000%   8/1/2044  1,195       966
  Chino Valley Unified School District GO 0.000%   8/1/2040  1,800     1,013
  Chino Valley Unified School District GO 0.000%   8/1/2041  2,500     1,331
  Chino Valley Unified School District GO 0.000%   8/1/2043  3,590     1,706
  Chino Valley Unified School District GO 0.000%   8/1/2044  4,000     1,794
  Chino Valley Unified School District GO 5.000%   8/1/2055 10,175    10,613
1 Chula Vista Elementary School District COP 2.000%   9/1/2046  5,710     3,699
1 Chula Vista Elementary School District COP 2.000%   9/1/2051  6,900     3,963
  Chula Vista Elementary School District GO 4.000%   8/1/2041  2,895     2,930
  Clovis Unified School District COP 4.000%   6/1/2048  5,000     4,749
  Clovis Unified School District GO 5.250%   8/1/2040    650       703
  Clovis Unified School District GO 5.000%   8/1/2050  6,000     6,279
6 CMFA Special Finance Agency I Local or Guaranteed Housing Revenue 3.300%   4/1/2051  4,975     3,812
1 Coast Unified School District GO 0.000%   8/1/2040  1,610       940
2 Colton Joint Unified School District GO 0.000%   8/1/2045  1,000       425
2 Colton Joint Unified School District GO 0.000%   8/1/2046  4,700     1,903
2 Colton Joint Unified School District GO 0.000%   8/1/2046  1,000       398
2 Colton Joint Unified School District GO 0.000%   8/1/2047  5,000     1,920
2 Colton Joint Unified School District GO 0.000%   8/1/2047  1,750       657
2 Colton Joint Unified School District GO 0.000%   8/1/2048  3,500     1,275
2 Colton Joint Unified School District GO 0.000%   8/1/2048  2,000       712
2 Colton Joint Unified School District GO 0.000%   8/1/2049  1,500       507
2 Colton Joint Unified School District GO 5.000%   8/1/2055 17,615    18,361
  Concord CA COP 2.125%   4/1/2041  1,500     1,097
  Contra Costa Community College District GO 3.000%   8/1/2038  1,025       946
  Contra Costa Community College District GO 2.000%   8/1/2039  6,000     4,743
  Corona Utility Authority Water Revenue (Water Project) 5.000%   9/1/2055  4,500     4,718
  Corona-Norco Unified School District GO 5.000%   8/1/2044    600       663
  Corona-Norco Unified School District GO 5.000%   8/1/2045    800       875
  Corona-Norco Unified School District GO 5.000%   8/1/2046    780       847
1 Cotati-Rohnert Park Unified School District GO 5.000%   8/1/2049  2,300     2,438
1 Cotati-Rohnert Park Unified School District GO 4.125%   8/1/2054  5,545     5,220
6 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 2.650%  12/1/2046  1,890     1,642
6 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 2.450%   2/1/2047  2,145     1,875
6 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.250%   7/1/2056  4,000     2,780
6 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.000%  12/1/2056  1,095       780
6 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.000%   3/1/2057  1,000       692
6 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.250%   4/1/2057  5,975     4,373
6 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.250%   5/1/2057 10,000     7,062
  Culver City Unified School District GO 5.000%   8/1/2026  1,075     1,079
  Department of Veterans Affairs Veteran's Farm & Home Purchase Program Local or Guaranteed Housing Revenue 4.600%  12/1/2037  2,110     2,199
  Department of Veterans Affairs Veteran's Farm & Home Purchase Program Local or Guaranteed Housing Revenue 4.000%  12/1/2049    230       231
  Department of Veterans Affairs Veteran's Farm & Home Purchase Program Local or Guaranteed Housing Revenue 5.500%  12/1/2052  3,255     3,429
  Desert Community College District GO 4.000%   8/1/2051 16,100    15,205
1 Downey Unified School District GO 2.000%   8/1/2042    450       313
1 Downey Unified School District GO 2.125%   8/1/2044    135        93
9

 

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

($000)
  Downey Unified School District GO 3.000%   8/1/2048  1,805     1,403
  Downey Unified School District GO 4.000%   8/1/2052  1,355     1,281
  Downey Unified School District GO 4.000%   8/1/2057  5,500     5,146
6 Downey Unified School District GO TOB VRDO 1.590%   6/4/2026  1,935     1,935
  East Bay Municipal Utility District Wastewater System Sewer Revenue 5.000%   6/1/2041    450       519
  East Bay Municipal Utility District Wastewater System Sewer Revenue 5.000%   6/1/2042    400       456
  East Bay Municipal Utility District Wastewater System Sewer Revenue 5.000%   6/1/2043    850       964
  East Bay Municipal Utility District Wastewater System Sewer Revenue 5.000%   6/1/2044    500       562
  East Bay Municipal Utility District Wastewater System Sewer Revenue 5.000%   6/1/2045    525       584
  East Bay Municipal Utility District Wastewater System Sewer Revenue 5.000%   6/1/2046    400       440
  East Bay Municipal Utility District Wastewater System Sewer Revenue 5.000%   6/1/2047    500       545
  East Bay Municipal Utility District Wastewater System Sewer Revenue 5.000%   6/1/2056  3,250     3,470
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2038 14,340    16,857
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2040  6,595     7,671
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2042  5,000     5,081
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2042  1,095     1,249
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2043  1,625     1,842
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2044  1,145     1,286
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2045    160       162
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2045    865       962
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2046    675       743
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2051  4,000     4,296
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2056  5,000     5,338
  East County Advanced Water Purification Joint Powers Authority Water Revenue 3.125%   9/1/2026  9,220     9,220
1 East Side Union High School District GO 3.000%   8/1/2032  1,500     1,502
1 East Side Union High School District GO 3.000%   8/1/2035  5,995     5,834
  East Whittier City School District GO 4.125%   8/1/2054  2,965     2,791
  El Camino Healthcare District GO 4.000%   8/1/2034  5,000     5,018
  El Monte Union High School District GO 0.000%   6/1/2044  2,340     1,055
  El Segundo Unified School District GO 2.000%   8/1/2046    845       542
  El Segundo Unified School District GO 2.000%   8/1/2047  2,530     1,570
  El Segundo Unified School District GO 2.000%   8/1/2048    130        78
  El Segundo Unified School District GO 3.125%   8/1/2048  4,530     3,581
2 El Segundo Unified School District GO 2.125%   8/1/2050    100        60
  Elk Grove Finance Authority Special Tax Revenue 4.000%   9/1/2026  1,000     1,001
1 Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/2047  1,450     1,543
1 Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/2051  3,395     3,547
  Elk Grove Unified School District GO 2.000%   8/1/2036  6,365     5,257
  Elk Grove Unified School District GO 2.000%   8/1/2037  2,000     1,618
  Elk Grove Unified School District GO 2.000%   8/1/2038  1,250       983
  Elk Grove Unified School District GO 2.000%   8/1/2039  1,700     1,308
  Eureka Public Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2042  1,040     1,157
  Eureka Public Financing Authority Lease (Abatement) Revenue 5.250%  11/1/2050  2,500     2,682
  Eureka Public Financing Authority Lease (Abatement) Revenue 5.250%  11/1/2055  4,325     4,602
1 Fairfield Community Facilities District Special Tax Revenue 4.000%   9/1/2051  3,290     3,051
  Fairfield-Suisun Unified School District GO 2.000%   8/1/2033  4,890     4,326
8 FHLMC Multifamily VRD Certificates Local or Guaranteed Housing Revenue 2.350% 12/15/2035  4,350     3,533
  Folsom Cordova Unified School District GO 4.250%  10/1/2047  1,760     1,775
  Fontana Public Facilities Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2055  5,000     5,246
  Foothill-De Anza Community College District GO 3.000%   8/1/2037  1,150     1,092
  Foothill-De Anza Community College District GO 3.000%   8/1/2038  1,000       935
  Foothill-De Anza Community College District GO 3.000%   8/1/2040  1,000       904
  Foothill-De Anza Community College District GO 3.000%   8/1/2040  1,035       941
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 6.850%  1/15/2042  6,180     7,349
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 3.500%  1/15/2053  6,425     5,277
8 Freddie Mac Multifamily ML Certificates Local or Guaranteed Housing Revenue 3.350% 11/25/2033  8,291     8,024
8 Freddie Mac Multifamily ML Certificates Local or Guaranteed Housing Revenue 2.875%  7/25/2036  9,628     8,877
8 Freddie Mac Multifamily ML Certificates Local or Guaranteed Housing Revenue 2.250%  9/25/2037  9,534     7,958
8 Freddie Mac Multifamily ML Certificates Local or Guaranteed Housing Revenue 3.427% 11/25/2038  1,202     1,127
8 Freddie Mac Pool 3.550%  11/1/2032  1,560     1,517
8 Freddie Mac Pool 3.180%   9/1/2033  8,623     8,176
8 Freddie Mac Pool 2.820%   5/1/2035    904       797
8 Freddie Mac Pool 3.600%   7/1/2040  3,922     3,599
8 Freddie Mac Pool 3.400%  11/1/2040  7,350     6,683
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 4.000%   4/1/2046  1,540     1,497
  Fresno Unified School District GO 2.000%   8/1/2029  2,305     2,209
  Fresno Unified School District GO 2.000%   8/1/2030  2,435     2,286
  Fresno Unified School District GO 2.000%   8/1/2031  1,565     1,442
  Fresno Unified School District GO 2.000%   8/1/2032  2,705     2,445
  Fullerton Joint Union High School District GO 4.000%   8/1/2054  3,000     2,838
10

 

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

($000)
2 Garden Grove Public Financing Authority Lease (Abatement) Revenue 5.000%   4/1/2049  6,215     6,545
2 Garden Grove Public Financing Authority Lease (Abatement) Revenue 4.000%   4/1/2054  2,310     2,147
  Gilroy Public Facilities Financing Authority Lease (Non-Terminable) Revenue 3.000%   8/1/2056  6,275     4,539
  Glendale CA Electric Power & Light Revenue 5.000%   2/1/2047  4,880     5,157
  Glendale CA Unified School District GO 3.000%   9/1/2039  5,025     4,647
  Glendale Community College District GO 0.000%   8/1/2039  5,540     3,285
  Glendale Community College District GO 3.000%   8/1/2047  1,145       892
  Glendale Community College District GO 5.000%   8/1/2055  7,100     7,475
  Glendora Unified School District GO 5.000%   8/1/2026  1,160     1,165
  Gridley Unified School District GO 5.000%   8/1/2054  1,600     1,675
  Hacienda La Puente County CA Unified School District GO 5.000%   8/1/2047  9,025     9,456
  Hartnell CA Community College District GO 3.000%   8/1/2045  2,000     1,603
6 Hastings Campus Housing Finance Authority Local or Guaranteed Housing Revenue 5.000%   7/1/2061 12,015    10,698
  Hayward CA Sewer Revenue 4.000%   3/1/2052  3,500     3,358
  Hayward CA Sewer Revenue 4.000%   3/1/2055 22,575    21,511
  Hayward Unified School District COP 5.000%   8/1/2035    355       362
  Hayward Unified School District COP 5.000%   8/1/2037    350       356
2 Hayward Unified School District GO 5.000%   8/1/2040    550       571
2 Hayward Unified School District GO 5.000%   8/1/2044  9,970    10,290
2 Hayward Unified School District GO 5.000%   8/1/2046    720       780
2 Hayward Unified School District GO 5.000%   8/1/2047  2,400     2,581
2 Hayward Unified School District GO 5.000%   8/1/2050  8,655     9,175
2 Hayward Unified School District GO 5.000%   8/1/2055 21,285    22,378
  Healdsburg Unified School District GO 4.000%   8/1/2028    115       115
1 Hemet Unified School District GO 3.000%   8/1/2037  1,790     1,687
1 Hemet Unified School District GO 3.000%   8/1/2039  2,070     1,891
  Hughson Unified School District GO 0.000%   8/1/2047  1,270       465
  Hughson Unified School District GO 0.000%   8/1/2048  1,000       347
  Hughson Unified School District GO 0.000%   8/1/2049  1,000       330
  Hughson Unified School District GO 0.000%   8/1/2050  1,000       313
  Hughson Unified School District GO 4.000%   8/1/2054  2,555     2,405
  Hughson Unified School District GO 5.000%   8/1/2056  1,000     1,053
  Hughson Unified School District GO 5.250%   8/1/2060  2,850     3,059
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/2041    495       518
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/2044  1,175     1,298
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/2045    620       679
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/2046  1,300     1,411
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/2047  1,750     1,885
1,6 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/2046  1,000       975
1,6 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/2051  1,465     1,382
2 Indio Finance Authority Lease (Abatement) Revenue 5.250%  11/1/2047    280       298
2 Inglewood Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 5.000%   5/1/2034  1,125     1,145
2 Inglewood Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Merged Redevelopment Project) 5.000%   5/1/2038    500       507
1 Irvine CA Special Tax Revenue 5.000%   9/1/2055  5,000     5,333
1 Irvine CA Special Tax Revenue 5.000%   9/1/2060 10,000    10,656
  Irvine Unified School District GO 2.250%   9/1/2050  3,000     1,927
  Irvine Unified School District Special Tax Revenue 4.000%   9/1/2040    350       342
2 Jurupa Public Financing Authority Special Tax Revenue 4.000%   9/1/2037    610       624
  Kaweah Delta Health Care District Guild Health, Hospital, Nursing Home Revenue 3.750%   6/1/2035    370       338
  Kaweah Delta Health Care District Guild Health, Hospital, Nursing Home Revenue 4.000%   6/1/2045  1,260     1,003
  Kern Community College District GO 5.250%   8/1/2040  2,900     3,224
1 Lake Elsinore Facilities Financing Authority Successor Agency Special Tax Revenue 5.000%   9/1/2038  1,320     1,514
  Lammersville Joint Unified School District Special Tax Revenue 4.000%   9/1/2037    500       501
  Lammersville Joint Unified School District Special Tax Revenue 4.000%   9/1/2042    500       480
2 Lammersville Schools Finance Authority Lease (Abatement) Revenue 3.000%  10/1/2049  7,200     5,530
  Lancaster Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Combined Redevelopment Project) 5.000%   8/1/2029  1,010     1,015
  Lancaster Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Combined Redevelopment Project) 5.000%   8/1/2030  1,255     1,261
  Lawndale Elementary School District GO 4.000%   8/1/2026    100       100
  Livermore Valley CA Joint Unified School District GO 3.000%   8/1/2040  2,135     1,941
2 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2034  1,000       981
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2034    375       366
2 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2035  1,000       963
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2035    520       499
2 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2036  2,100     1,979
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2038  1,730     1,568
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2040    925       813
11

 

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

($000)
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/2042  1,980     1,717
2 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 5.000%   8/1/2054 10,040    10,396
  Lodi CA Unified School District GO 3.000%   8/1/2046 10,000     8,001
  Lompoc Valley Medical Center Health, Hospital, Nursing Home Revenue 5.000%   2/1/2041    455       467
  Lompoc Valley Medical Center Health, Hospital, Nursing Home Revenue 5.000%   2/1/2046    640       638
  Long Beach Bond Finance Authority Lease (Abatement) Revenue 5.000%   8/1/2046  8,205     8,755
5 Long Beach Bond Finance Authority Natural Gas Revenue, 67% of TSFR3M + 1.430% 4.051% 11/15/2026  1,800     1,804
9 Long Beach Bond Finance Authority Tax Increment/Allocation Revenue 5.500%   8/1/2026  1,380     1,385
9 Long Beach Bond Finance Authority Tax Increment/Allocation Revenue 5.500%   8/1/2031  4,715     5,171
  Long Beach CA Harbor Port, Airport & Marina Revenue 5.000%  5/15/2044  1,110     1,162
  Long Beach CA Water Revenue 4.000%   5/1/2054  5,940     5,575
6 Long Beach California Finance Authority Lease (Abatement) Revenue TOB VRDO 1.570%   6/4/2026  6,670     6,670
6 Long Beach California Finance Authority Lease (Abatement) Revenue TOB VRDO 1.570%   6/4/2026  6,665     6,665
  Long Beach Community College District GO 3.000%   8/1/2040  1,000       871
  Long Beach Community College District GO 3.000%   8/1/2041  2,000     1,722
  Long Beach Unified School District GO 0.000%   8/1/2026  1,870     1,860
  Long Beach Unified School District GO 3.000%   8/1/2039  2,840     2,597
  Long Beach Unified School District GO 5.000%   8/1/2042  4,240     4,817
  Long Beach Unified School District GO 5.000%   8/1/2043  4,830     5,447
  Long Beach Unified School District GO 4.000%   8/1/2052  7,000     6,640
  Long Beach Unified School District GO 4.000%   8/1/2053 18,340    17,341
  Los Angeles CA Community College District GO 4.000%   8/1/2036  5,000     5,001
  Los Angeles CA Community College District GO 4.000%   8/1/2038    630       630
  Los Angeles CA Community College District GO 3.000%   8/1/2039  3,020     2,737
2 Los Angeles CA Unified School District COP 2.250%  10/1/2034    560       492
  Los Angeles CA Unified School District GO 5.000%   7/1/2026  4,920     4,930
  Los Angeles CA Unified School District GO 5.000%   7/1/2026  1,425     1,428
  Los Angeles CA Unified School District GO 5.000%   7/1/2026    500       501
  Los Angeles CA Unified School District GO 5.000%   7/1/2038  1,430     1,473
  Los Angeles CA Unified School District GO 4.000%   7/1/2040  2,765     2,833
  Los Angeles CA Unified School District GO 4.000%   7/1/2041  2,500     2,552
  Los Angeles CA Unified School District GO 5.000%   7/1/2041  1,000     1,096
  Los Angeles CA Unified School District GO 5.000%   7/1/2042  1,000     1,091
  Los Angeles CA Unified School District GO 5.250%   7/1/2042 11,875    12,232
  Los Angeles CA Unified School District GO 5.250%   7/1/2042  3,205     3,306
1 Los Angeles CA Unified School District GO 5.250%   7/1/2042  1,045     1,078
  Los Angeles CA Unified School District GO 5.000%   7/1/2045  4,045     4,444
  Los Angeles CA Unified School District GO 2.625%   7/1/2046  1,950     1,436
  Los Angeles CA Unified School District GO 5.000%   7/1/2046  5,000     5,442
  Los Angeles CA Unified School District GO 5.000%   7/1/2047  5,000     5,397
  Los Angeles CA Unified School District GO 5.250%   7/1/2047    100       107
  Los Angeles CA Unified School District GO 5.000%   7/1/2048  5,000     5,364
  Los Angeles CA Unified School District GO 5.000%   7/1/2049  3,765     4,015
  Los Angeles CA Unified School District GO 5.250%   7/1/2049  3,560     3,847
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2048  5,000     5,100
6 Los Angeles CA Wastewater System Sewer Revenue TOB VRDO 2.550%   6/1/2026  2,790     2,790
4,6 Los Angeles County California Authority Multifamily Local or Guaranteed Housing Revenue TOB VRDO 2.950%   6/1/2026  2,100     2,100
  Los Angeles County Development Authority Local or Guaranteed Housing Revenue PUT 3.750%  12/1/2026  1,500     1,501
  Los Angeles County Development Authority Local or Guaranteed Housing Revenue PUT 3.350%   9/1/2029  2,800     2,825
  Los Angeles County Facilities 2 Inc. Lease (Abatement) Revenue 5.250%   6/1/2049  3,000     3,207
  Los Angeles County Facilities 2 Inc. Lease (Abatement) Revenue 5.250%   6/1/2054 15,950    16,854
  Los Angeles County Facilities 2 Inc. Lease (Abatement) Revenue 5.250%   6/1/2057  3,195     3,366
  Los Angeles County Facilities Inc. Lease (Abatement) Revenue 5.000%  12/1/2043 13,720    14,220
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2026    480       481
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2037  4,000     4,576
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2037  1,000     1,144
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2038  1,600     1,819
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2039  1,000     1,131
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2039  1,225     1,386
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2041  3,760     4,284
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2042  4,900     5,541
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2043  2,500     2,809
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2043    310       332
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2044  1,020     1,089
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2044    520       579
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2045  2,955     3,138
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2045    825       911
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2046    605       662
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2040  1,130     1,197
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/2041  2,500     2,530
12

 

California Long-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%  12/1/2044  4,000     4,193
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.250%  12/1/2044  2,500     2,806
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2045  2,500     2,506
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2045    720       759
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2049 14,155    15,003
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.500%  12/1/2049 11,695    12,846
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/2053  5,930     5,553
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.250%  12/1/2053 19,250    20,510
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.500%  12/1/2054  4,000     4,371
  Los Angeles County Public Works Financing Authority Lease (Non-Terminable) Revenue 5.000%   3/1/2041  1,000     1,145
  Los Angeles County Public Works Financing Authority Lease (Non-Terminable) Revenue 5.000%   3/1/2042  2,000     2,268
  Los Angeles County Public Works Financing Authority Lease (Non-Terminable) Revenue 5.000%   3/1/2043  2,735     3,075
  Los Angeles County Public Works Financing Authority Lease (Non-Terminable) Revenue 5.000%   3/1/2044  3,090     3,446
  Los Angeles County Public Works Financing Authority Lease (Non-Terminable) Revenue 5.000%   3/1/2045  2,525     2,786
  Los Angeles County Public Works Financing Authority Lease (Non-Terminable) Revenue 5.000%   3/1/2046  1,500     1,637
  Los Angeles County Public Works Financing Authority Lease (Non-Terminable) Revenue 5.000%   3/1/2051  3,000     3,170
  Los Angeles County Public Works Financing Authority Lease (Non-Terminable) Revenue 5.000%   3/1/2056  3,000     3,146
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 4.000%  12/1/2037  1,800     1,863
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/2039  2,000     2,056
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2039  6,425     6,848
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2043  2,500     2,618
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2044  2,010     2,122
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2044  1,300     1,430
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2045  7,500     7,898
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.250%  5/15/2055 13,510    14,470
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028  5,640     5,886
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029  1,500     1,594
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030    265       286
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030 13,205    14,146
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031  1,090     1,193
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032  2,060     2,281
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032    340       359
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032  5,175     5,731
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032  1,515     1,678
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033    560       566
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033  2,400     2,661
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033    205       229
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033  1,550     1,730
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033  1,000     1,116
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033  1,000     1,116
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034  1,965     2,019
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034    670       677
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034  1,020     1,132
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034  1,805     2,015
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034  1,000     1,123
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034  2,500     2,808
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035  2,015     2,232
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035    605       635
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036    435       452
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036    235       251
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037  1,865     1,909
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037  4,000     4,122
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037  4,245     4,401
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037    450       482
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037    970     1,038
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037  9,625    10,761
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038  5,715     5,842
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038  2,500     2,604
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038      5         5
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038    375       404
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038     20        21
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038    135       148
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038  4,770     5,214
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038 10,000    11,087
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039    885       914
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039    800       840
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039     25        27
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039    735       784
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039  4,435     4,826
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039    280       302
13

 

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

($000)
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039    400       433
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039    120       131
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040 12,940    13,567
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040  1,180     1,280
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040  2,895     3,181
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041  1,330     1,397
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041    425       453
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041  2,290     2,462
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041  1,200     1,295
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042  3,350     3,392
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042    825       852
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042    665       706
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042    410       440
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042  2,845     3,091
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043  2,360     2,555
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2044  1,215     1,287
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2044  1,620     1,732
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2045  2,205     2,248
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2045  3,595     3,781
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2045  4,000     4,219
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2045  2,530     2,683
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2045  2,850     3,022
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2046  2,945     3,036
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2046  1,535     1,602
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2046  1,655     1,739
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2046  1,690     1,780
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2047  1,040     1,072
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2047  3,850     4,002
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2047  8,960     9,348
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2048  2,655     2,739
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2048  9,675    10,016
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2048  3,000     3,122
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2050  6,610     6,811
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2051  3,000     3,089
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2052    255       260
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2052    100       103
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2053  1,425     1,457
2 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2053  3,080     3,173
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2054  6,085     6,227
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2054    665       681
2 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2055  2,275     2,340
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2055  3,000     3,078
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2028    380       388
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028    100       104
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2029    200       206
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2029     50        53
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2029    125       133
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2030    155       168
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2030    375       387
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2030    180       195
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031    270       296
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031    365       399
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031    440       482
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031    140       146
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031    145       159
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031 15,000    16,417
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032    475       526
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032     20        22
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032    110       118
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032    160       177
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033    285       288
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033    400       415
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033    455       508
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033    230       257
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033    220       235
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033    145       162
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033    290       324
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034    325       337
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034    180       192
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034    280       314
14

 

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 5.000%   7/1/2035    240       266
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035    720       802
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035  1,130     1,267
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035    235       266
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036    115       128
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036    160       174
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036    335       369
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037  1,640     1,681
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037  1,000     1,077
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037    760       823
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037    410       449
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037    290       319
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037  1,000     1,083
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038  1,000     1,022
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038  1,000     1,071
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038    335       364
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038  1,830     2,010
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038  6,865     7,611
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039    280       299
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039  1,030     1,121
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039    335       366
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039  1,000     1,103
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040  1,110     1,164
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040    210       224
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040    145       155
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040    820       889
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040  1,000     1,070
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040    360       392
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040  1,535     1,686
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041  1,235     1,291
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041    290       309
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041    480       516
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041    305       329
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041  2,530     2,742
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041  1,455     1,590
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2042    315       333
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2042  1,220     1,295
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2042    220       235
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2042    510       548
2 Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2042  4,485     4,891
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043  6,790     6,953
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043    870       921
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043    345       368
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043    125       132
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043  2,305     2,468
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043  1,435     1,542
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2044  3,865     4,108
2 Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2044  2,015     2,162
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2045    180       189
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2046    485       499
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2047    570       586
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2047  1,000     1,031
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2047    585       603
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2049     90        84
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2049  1,145     1,179
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2049    395       403
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2050  9,140     9,285
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2052  6,415     6,547
  Los Angeles Department of Water & Power Water System Water Revenue 5.250%   7/1/2053 18,840    19,571
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2054    930       952
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue 3.750%   4/1/2034  1,698     1,708
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue 4.350%  12/1/2049  4,650     4,260
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue 4.400%  12/1/2054  3,000     2,793
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue 4.500%  12/1/2059  2,250     2,104
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue 4.550%  12/1/2061  3,000     2,875
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2035  4,295     4,977
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/2035  1,100     1,100
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2040  1,435     1,617
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2040  1,510     1,719
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2041  1,025     1,149
15

 

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

($000)
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2041    945     1,070
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2042  5,190     5,768
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2042  1,275     1,430
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2043  6,230     6,872
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2043  2,420     2,693
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2044  9,490    10,352
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2044  2,875     3,160
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2045 10,095    10,905
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2046  6,505     6,931
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2047  5,000     5,266
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.250%   5/1/2050 20,935    22,181
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue (Capital Equipment & Real Project) 5.000%  11/1/2039    100       108
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue (Capital Equipment & Real Project) 5.000%  11/1/2041    250       269
6 Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue TOB VRDO 2.530%   6/1/2026 18,335    18,335
  Los Rios Community College District GO 4.000%   8/1/2034  4,055     4,100
  Los Rios Community College District GO 3.000%   8/1/2035  1,450     1,422
  Los Rios Community College District GO 3.000%   8/1/2044  1,000       826
  Manteca Unified School District GO 5.250%   8/1/2050  7,500     8,147
  Marin Healthcare District GO 4.000%   8/1/2047  1,000       943
  Marina Joint Powers Financing Authority Local or Guaranteed Housing Revenue 3.400%   3/1/2036  4,585     4,633
1 Menifee Union School District Special Tax Revenue 4.000%   9/1/2051  3,650     3,283
  Merced Union High School District GO 4.000%   8/1/2026    255       256
  Mesa Water District COP 4.000%  3/15/2040    325       333
  Modesto High School District GO 5.250%   8/1/2050  1,575     1,710
  Modesto High School District GO 4.000%   8/1/2052  1,290     1,222
1 Montebello Unified School District GO 5.500%   8/1/2047  3,500     3,743
  Monterey Peninsula Unified School District GO 4.000%   8/1/2042  2,100     2,129
  Moreland School District GO 3.875%   8/1/2030    915       933
2 Moreno Valley CA Unified School District GO 5.250%   8/1/2042  1,360     1,556
2 Moreno Valley CA Unified School District GO 5.250%   8/1/2043  1,150     1,306
2 Moreno Valley CA Unified School District GO 5.250%   8/1/2044  1,120     1,259
2 Moreno Valley CA Unified School District GO 5.250%   8/1/2045  2,000     2,225
2 Moreno Valley CA Unified School District GO 3.000%   8/1/2050  2,000     1,518
1 Moreno Valley CA Unified School District GO 5.250%   8/1/2052  5,500     5,786
1,3 Moreno Valley Public Financing Authority Electric Power & Light Revenue 5.250%   5/1/2045  1,150     1,282
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/2033  1,605     1,654
1 Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/2038  1,150     1,279
1 Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/2039    625       692
2 Moulton-Niguel Water District Public Facilities Corp. COP 3.000%   9/1/2044  2,000     1,731
  Mount San Antonio Community College District GO 2.375%   8/1/2051  4,115     2,721
  Mount San Jacinto Community College District GO 3.000%   8/1/2038  1,715     1,611
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2043  2,000     2,001
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2045  4,000     3,929
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2050  6,290     5,910
  Mountain House Public Financing Authority Lease (Abatement) Revenue (Road Improvement Projects) 4.000%  10/1/2038    810       832
  Mountain House Public Financing Authority Lease (Abatement) Revenue (Road Improvement Projects) 4.000%  10/1/2039  1,725     1,764
  Mountain House Public Financing Authority Lease (Abatement) Revenue (Road Improvement Projects) 4.000%  10/1/2040  1,795     1,825
  Mountain House Public Financing Authority Lease (Abatement) Revenue (Road Improvement Projects) 4.000%  10/1/2041  1,710     1,725
  Mountain View Los Altos CA Union High School District GO 1.500%   8/1/2032  1,730     1,506
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/2039  5,805     7,149
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/2039  1,170     1,441
  Mt San Antonio Community College District GO 5.250%   8/1/2055  6,515     7,002
1 Natomas Unified School District GO 3.000%   8/1/2039    500       453
1 Natomas Unified School District GO 3.000%   8/1/2041  2,590     2,250
1 Natomas Unified School District GO 3.000%   8/1/2043    500       417
1 Natomas Unified School District GO 3.000%   8/1/2047  3,135     2,400
  Nevada Joint Union High School District GO 5.000%   8/1/2042    730       749
  New Haven Unified School District GO 4.000%   8/1/2036    500       507
  New Haven Unified School District GO 4.000%   8/1/2039    420       423
  New Haven Unified School District GO 3.000%   8/1/2049  1,520     1,158
  North Lake Tahoe Public Financing Authority Lease (Appropriation) Revenue 5.250%  12/1/2042  3,250     3,542
  North Lake Tahoe Public Financing Authority Lease (Appropriation) Revenue 5.500%  12/1/2047  4,425     4,794
  North Orange County CA Community College District GO 3.000%   8/1/2038  1,000       940
  North Orange County CA Community College District GO 3.000%   8/1/2039  1,000       926
  North Orange County CA Community College District GO 3.000%   8/1/2040  1,000       899
  Northern California Energy Authority Natural Gas Revenue PUT 5.000%   8/1/2030 29,000    30,758
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2045  2,095     2,223
  Norwalk-La Mirada Unified School District GO 3.250%   8/1/2035    100        99
  Norwalk-La Mirada Unified School District GO 3.000%   8/1/2043  9,260     7,952
  Norwalk-La Mirada Unified School District GO 3.000%   8/1/2046  5,000     4,001
16

 

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

($000)
  Norwalk-La Mirada Unified School District GO 3.000%   8/1/2050  6,750     5,077
  Norwalk-La Mirada Unified School District GO 5.000%   8/1/2051  6,665     6,968
  Norwalk-La Mirada Unified School District GO 5.000%   8/1/2051  1,500     1,584
  Norwalk-La Mirada Unified School District GO 5.000%   8/1/2055  2,200     2,301
  Novato CA Unified School District GO 3.000%   8/1/2043  1,430     1,223
6 Nuveen California AMT-Free Quality Municipal Income Fund VRDO VRDP 1.670%   6/4/2026  4,000     4,000
  Oakland CA GO 5.000%  7/15/2026    255       256
  Oakland CA GO 2.500%  1/15/2044  7,190     5,407
2 Oakland CA GO 3.000%  1/15/2050  3,000     2,252
  Ontario CA Community Facilities District No. 45 Special Tax Revenue 4.000%   9/1/2051  1,540     1,344
  Ontario Montclair School District GO 4.000%   8/1/2048  3,050     2,951
1 Ontario Public Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2042    415       424
  Ontario Public Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2044  1,000     1,105
  Ontario Public Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2050  1,500     1,585
  Oro Grande Elementary School District COP 4.000%  9/15/2026    810       811
  Oxnard School District BAN GO 0.000%   2/1/2031    345       297
2 Oxnard School District GO 5.000%   8/1/2045  1,500     1,517
  Oxnard Union High School District GO, Prere. 5.000%   8/1/2026    165       166
  Oxnard Union High School District GO, Prere. 5.000%   8/1/2026    110       110
2 Palmdale Elementary School District GO 5.000%   8/1/2048    890       944
  Palmdale Elementary School District GO 5.000%   8/1/2050  1,000     1,059
  Palo Alto CA COP 2.125%  11/1/2043  1,730     1,234
  Palo Alto CA COP 2.250%  11/1/2047  9,515     6,419
  Palo Alto Unified School District GO 3.250%   8/1/2042 10,150     9,495
  Palomar Health COP 4.000%  11/1/2038    685       588
  Palomar Health COP 4.000%  11/1/2047    410       301
1 Palomar Health COP 4.000%  11/1/2047    120       108
  Palomar Health GO 4.000%   8/1/2032  4,180     3,982
1 Palomar Health GO 0.000%   8/1/2033  4,100     3,073
  Palomar Health GO 4.000%   8/1/2033  4,560     4,296
  Palomar Health GO 0.000%   8/1/2034  1,050       691
  Palomar Health GO 4.000%   8/1/2034    335       312
  Palomar Health GO 5.000%   8/1/2034  1,125     1,116
  Palomar Health GO 4.000%   8/1/2035  4,350     3,993
  Palomar Health GO 0.000%   8/1/2036  5,025     2,924
  Palomar Health GO 4.000%   8/1/2036    300       271
1 Palomar Health GO 0.000%   8/1/2038    390       221
1 Palomar Health GO 7.000%   8/1/2038    205       224
  Palomar Health, Hospital, Nursing Home Revenue 5.000%  11/1/2042    100        96
10 Paramount Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Redevelopment Project Area No. 1) 0.000%   8/1/2026    950       946
  Paramount Unified School District GO 0.000%   8/1/2042  1,000       497
6 Pasadena CA GO TOB VRDO 2.800%   6/1/2026  4,320     4,320
  Pasadena Public Financing Authority Lease (Abatement) Revenue 0.000%   6/1/2044  1,850       838
  Pasadena Public Financing Authority Lease (Abatement) Revenue 0.000%   6/1/2045  1,900       813
  Pasadena Public Financing Authority Lease (Abatement) Revenue 0.000%   6/1/2046  1,675       677
  Peralta Community College District GO 3.000%   2/1/2050  1,750     1,334
  Peralta Community College District GO 5.000%   8/1/2054  2,500     2,617
2 Perris CA Union High School District (School Financing Project) COP 5.000%  10/1/2048  4,515     4,631
  Perris CA Union High School District GO 3.000%   9/1/2045  4,615     3,769
  Piner-Olivet CA Union Elementary School District GO 5.250%   8/1/2047    250       265
1 Pittsburg Unified School District Financing Authority Intergovernmental Agreement Revenue 5.000%   9/1/2047  5,000     5,109
  Pittsburg Unified School District GO 3.500%   8/1/2046    260       231
1 Pittsburg Unified School District GO 5.000%   8/1/2047  2,320     2,435
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/2036  2,345     2,259
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/2037  1,250     1,191
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/2038  4,100     3,857
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/2039  2,000     1,862
  Placer County Water Agency Public Facilities Corp. COP 5.000%   7/1/2026    370       371
  Pomona Unified School District GO 5.000%   8/1/2026    165       166
1 Pomona Unified School District GO 2.125%   8/1/2040    970       740
1 Pomona Unified School District GO 2.500%   8/1/2048  5,050     3,405
2 Pomona Unified School District GO 3.000%   8/1/2048  3,155     2,436
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/2026    105       105
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/2030  1,730     1,738
1 Poway Unified School District Special Tax Revenue 4.000%   9/1/2050  2,250     2,067
4,6 Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.950%   6/1/2026  5,000     5,000
4,6 Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 1.630%   6/4/2026  8,810     8,810
4,6 Public Finance Authority Local or Guaranteed Housing Revenue TOB VRDO 2.950%   6/1/2026 34,290    34,290
1 Ravenswood CA City School District GO 0.000%   8/1/2050  3,750     1,146
17

 

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

($000)
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/2050  5,000     5,226
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/2055  7,500     7,751
  Redlands Unified School District GO 5.000%   7/1/2050 15,000    15,794
  Redondo Beach Unified School District GO 5.250%   8/1/2055  1,375     1,466
  Redwood City Public Facilities & Infrastructure Authority Lease (Abatement) Revenue 3.000%   6/1/2041  2,230     1,965
  Redwood City Public Facilities & Infrastructure Authority Lease (Abatement) Revenue 3.000%   6/1/2046  4,000     3,199
  Redwood City Public Facilities & Infrastructure Authority Lease (Abatement) Revenue 3.000%   6/1/2051    250       188
  Rialto Public Financing Authority Lease (Abatement) Revenue (Police Station Project) 5.000%   6/1/2043    190       202
  Rialto Public Financing Authority Lease (Abatement) Revenue (Police Station Project) 5.000%   6/1/2048  2,495     2,577
1 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2056  3,000       634
1 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2057  1,650       329
1 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2058  2,350       443
1 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2059  3,400       606
1 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2060  2,000       338
1 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2061  2,000       319
1 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2062  2,000       300
1 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2063  2,045       289
1 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2064  1,750       233
1 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2065  2,150       269
  Riverside CA Electric Power & Light Revenue 5.000%  10/1/2043  2,800     2,919
  Riverside Community College District GO 3.000%   8/1/2035    530       520
  Riverside Community College District GO 3.000%   8/1/2037  1,005       949
  Riverside Community College District GO 3.000%   8/1/2040  6,050     5,452
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/2040  2,320     2,373
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/2041  6,710     3,545
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/2042  2,975     1,481
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/2043  7,500     3,533
  Riverside County Transportation Commission Highway Revenue 3.000%   6/1/2048  4,105     3,149
2 Riverside County Transportation Commission Highway Revenue 3.000%   6/1/2049  6,000     4,615
  Riverside Unified School District GO 3.000%   8/1/2036    800       759
  Riverside Unified School District GO 3.000%   8/1/2037  1,800     1,684
2 RNR School Financing Authority Special Tax Revenue 4.000%   9/1/2030  1,940     2,053
  Roseville Joint Union High School District GO 0.000%   8/1/2039  2,250     1,291
  Roseville Joint Union High School District GO 3.000%   8/1/2040  1,000       886
3 Roseville Joint Union High School District GO 5.000%   8/1/2041  1,250     1,384
3 Roseville Joint Union High School District GO 5.000%   8/1/2044  1,380     1,493
  Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000%  2/15/2027  5,000     5,063
  Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000%  2/15/2028  2,500     2,575
1 Sacramento CA City Unified School District GO 4.000%   8/1/2044  3,250     3,264
  Sacramento CA City Unified School District GO 4.000%   5/1/2047      5         5
2 Sacramento CA City Unified School District GO 5.500%   8/1/2052  9,020     9,397
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2043    135       139
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2048  3,485     3,541
  Sacramento CA Water Water Revenue 5.250%   9/1/2047  6,285     6,385
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2038  1,330     1,383
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2041    550       580
1 San Bernardino City Unified School District GO 3.000%   8/1/2044  1,875     1,595
  San Bernardino Community College District GO 5.000%   8/1/2043  1,020     1,102
  San Bernardino Community College District GO 0.000%   8/1/2044 15,000     6,850
  San Bernardino County Housing Authority Local or Guaranteed Housing Revenue 4.125%   7/1/2036  5,440     5,463
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/2042  6,130     6,236
  San Diego CA Unified School District GO 5.000%   7/1/2026  2,300     2,304
  San Diego CA Unified School District GO 5.000%   7/1/2026  1,650     1,653
  San Diego CA Unified School District GO 5.000%   7/1/2026    535       536
  San Diego CA Unified School District GO 5.000%   7/1/2042    845     1,009
  San Diego CA Unified School District GO 5.000%   7/1/2043  3,300     3,930
  San Diego CA Unified School District GO 5.000%   7/1/2044  3,205     3,787
  San Diego CA Unified School District GO 2.000%   7/1/2045  5,080     3,444
  San Diego CA Unified School District GO 5.000%   7/1/2045  1,370     1,597
  San Diego CA Unified School District GO 3.250%   7/1/2048  1,000       825
  San Diego CA Unified School District GO 5.000%   7/1/2049  3,000     3,191
  San Diego CA Unified School District GO 4.000%   7/1/2053  9,050     8,544
  San Diego CA Unified School District GO 4.000%   7/1/2053 12,890    12,169
  San Diego CA Unified School District GO 4.000%   7/1/2054 11,950    11,250
  San Diego CA Unified School District GO 5.000%   7/1/2055  5,000     5,281
  San Diego Community College District GO 4.000%   8/1/2041  1,000     1,021
  San Diego Community College District GO 4.000%   8/1/2042  1,000     1,014
  San Diego Community College District GO 5.000%   8/1/2055 23,090    24,334
  San Diego Community College District GO, Prere. 4.000%   8/1/2026    100       100
  San Diego County CA COP 5.000%  10/1/2048  2,840     2,997
18

 

California Long-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%   7/1/2038  1,625     1,772
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2040  2,325     2,492
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2042    175       178
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2044    275       287
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/2056  2,515     2,313
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2045  2,860     3,021
  San Diego Housing Authority Inc. Local or Guaranteed Housing Revenue 4.200%   6/1/2040  4,160     4,189
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2038  1,000     1,163
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2039  1,000     1,154
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2044  2,000     2,225
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2045  2,060     2,268
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.250%   8/1/2047  6,255     6,454
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.250% 10/15/2055 10,725    11,438
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/2043    650       705
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/2046  4,305     4,485
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/2054  3,855     4,020
  San Dieguito Union High School District GO 3.000%   8/1/2038  1,000       940
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2026    210       211
  San Francisco Bay Area Rapid Transit District GO 3.000%   8/1/2037    760       718
  San Francisco Bay Area Rapid Transit District GO 2.000%   8/1/2041  3,585     2,497
  San Francisco Bay Area Rapid Transit District GO 2.000%   8/1/2046  2,575     1,656
  San Francisco Bay Area Rapid Transit District GO 3.000%   8/1/2049  6,300     4,811
  San Francisco Bay Area Rapid Transit District GO 3.000%   8/1/2050 13,720    10,341
1 San Francisco Bay Area Rapid Transit District GO 3.000%   8/1/2050 15,425    11,730
6 San Francisco Bay Area Rapid Transit District GO TOB VRDO 2.550%   6/1/2026  3,600     3,600
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 3.000%   7/1/2044 16,955    14,276
  San Francisco CA City & County (49 South Van Ness Project) COP 4.000%   4/1/2043  4,865     4,809
  San Francisco CA City & County (Animal Care & Control Project) COP 4.000%   4/1/2041  3,355     3,365
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 3.000%   4/1/2043  8,490     7,405
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 3.000%   4/1/2044  8,745     7,494
  San Francisco CA City & County (Music Concourse Garage Project) COP 4.000%   4/1/2047    700       699
  San Francisco CA City & County (Music Concourse Garage Project) COP 4.000%   4/1/2050    400       386
  San Francisco CA City & County Community Facilities District No. 2014-1 Special Tax Revenue 5.000%   9/1/2047  1,000     1,034
  San Francisco CA City & County Community Facilities District No. 2014-1 Special Tax Revenue 5.000%   9/1/2052  1,150     1,174
  San Francisco CA City & County GO 3.000%  6/15/2034  3,250     3,201
  San Francisco CA City & County GO 3.000%  6/15/2035  2,140     2,069
  San Francisco CA City & County Local or Guaranteed Housing Revenue 4.650%   8/1/2040  2,215     2,304
  San Francisco CA City & County Multifamily Housing Local or Guaranteed Housing Revenue 5.000%   2/1/2046  2,820     2,949
6 San Francisco CA City & County Multifamily Housing Local or Guaranteed Housing Revenue TOB VRDO 2.950%   6/1/2026 45,900    45,900
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2045  3,525     3,725
  San Francisco CA Public Utilities Commission Water Revenue 5.250%  11/1/2048 10,000    10,744
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2051 10,325    10,957
  San Francisco CA Public Utilities Commission Water Revenue 5.250%  11/1/2052  2,165     2,304
  San Francisco CA Public Utilities Commission Water Revenue 5.250%  11/1/2055  5,750     6,180
  San Francisco City & County Airport Commission San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2045    825       897
  San Francisco City & County Airport Commission San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2046  1,000     1,078
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/2052 11,295    10,668
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2052  4,330     4,485
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2043    525       540
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2044  3,850     4,140
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2045  2,225     2,380
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2045  1,000     1,087
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2046  1,500     1,595
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2047  1,500     1,587
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2054  3,850     4,044
  San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/2028    985       989
  San Francisco Community College District GO 3.000%  6/15/2045    820       677
2 San Francisco Community College District GO 3.000%  6/15/2045  3,125     2,623
2 San Francisco Community College District GO 5.250%  6/15/2049 19,115    20,477
  San Francisco Unified School District GO 5.000%  6/15/2038  4,000     4,281
  San Francisco Unified School District GO 3.000%  6/15/2039  4,075     3,704
  San Francisco Unified School District GO 3.000%  6/15/2040  6,500     5,806
  San Francisco Unified School District GO 5.000%  6/15/2040  3,380     3,589
1 San Jacinto Unified School District COP 5.000%   9/1/2040  1,075     1,142
10 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/2032    225       187
19

 

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

($000)
  San Jose CA GO 5.000%   9/1/2047  1,815     1,873
  San Jose CA Local or Guaranteed Housing Revenue 5.000%   9/1/2044  4,255     4,569
  San Jose Evergreen Community College District GO 3.000%   9/1/2040  3,710     3,380
  San Jose Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   8/1/2035  4,100     4,194
  San Jose Unified School District GO 2.125%   8/1/2038    900       722
  San Juan Unified School District GO 2.375%   8/1/2041     15        11
  San Juan Unified School District GO 5.000%   8/1/2041  2,000     2,134
  San Leandro Unified School District GO 5.000%   8/1/2044    375       415
  San Leandro Unified School District GO 5.000%   8/1/2045    500       547
  San Leandro Unified School District GO 5.000%   8/1/2046    500       544
1,11 San Leandro Unified School District GO, 7.000% coupon rate effective 8/1/2026 0.000%   8/1/2039    825       877
  San Luis Coastal Unified School District GO 4.000%   8/1/2054  2,845     2,656
  San Marcos Unified School District GO 0.000%   8/1/2040  5,000     2,884
  San Marcos Unified School District GO 0.000%   8/1/2041  2,000     1,097
  San Marcos Unified School District GO 0.000%   8/1/2042  1,000       519
  San Marcos Unified School District GO 0.000%   8/1/2043  1,000       491
  San Mateo County Community College District GO 5.000%   9/1/2045 34,955    36,158
  San Mateo Foster City CA School District GO 4.000%   8/1/2042  1,000     1,022
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 3.000%  6/15/2046  1,835     1,469
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 2.500%  6/15/2055  3,365     2,197
  San Mateo Union High School District GO 1.875%   9/1/2032  1,655     1,483
11 San Mateo Union High School District GO, 6.875% coupon rate effective 9/1/2034 0.000%   9/1/2046  3,280     2,613
  San Rafael CA City High School District GO 3.000%   8/1/2040  1,950     1,742
  San Rafael CA City High School District GO 3.000%   8/1/2047    770       605
  San Rafael CA City High School District GO 4.000%   8/1/2053  7,100     6,702
2 San Ysidro School District GO 5.000%   8/1/2044  1,000     1,095
1 Sanger Unified School District (Capital Projects) COP 5.000%   6/1/2041  5,000     5,416
2 Sanger Unified School District GO 3.000%   8/1/2045  1,480     1,233
2 Sanger Unified School District GO 3.000%   8/1/2048  5,500     4,321
2 Sanger Unified School District GO 4.000%   8/1/2055  2,480     2,313
1 Santa Ana Unified School District GO 2.000%   8/1/2046  5,755     3,654
1 Santa Ana Unified School District GO 2.125%   8/1/2050  1,000       591
  Santa Barbara CA Housing Authority Local or Guaranteed Housing Revenue 4.000%  12/1/2038    375       373
  Santa Barbara CA Housing Authority Local or Guaranteed Housing Revenue 4.000%  12/1/2038    340       341
  Santa Barbara Finance Authority Lease (Abatement) Revenue (Public Safety & Park Projects) 4.000%  5/15/2054  3,605     3,394
  Santa Barbara Finance Authority Lease (Abatement) Revenue (Public Safety & Park Projects) 4.000%  5/15/2057  1,915     1,765
  Santa Barbara Secondary High School District GO 0.000%   8/1/2040  2,310     1,275
  Santa Barbara Unified School District GO 5.000%   8/1/2044  6,725     6,929
  Santa Clara County Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2026    215       217
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/2038  2,765     2,564
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/2038  3,000     2,796
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/2039  1,000       926
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.125%   5/1/2047  4,165     3,378
  Santa Clara Unified School District GO 5.000%   7/1/2026  1,000     1,002
  Santa Clara Unified School District GO 3.000%   7/1/2037  6,605     6,258
  Santa Clara Unified School District GO 3.250%   7/1/2044 13,190    11,709
  Santa Clarita Community College District GO 3.000%   8/1/2036    750       712
  Santa Clarita Community College District GO 3.000%   8/1/2041    950       833
  Santa Clarita Community College District GO 3.000%   8/1/2044  1,000       831
  Santa Cruz City High School District GO 4.000%   8/1/2054  5,000     4,730
  Santa Cruz County Capital Financing Authority Lease (Abatement) Revenue 4.125%   6/1/2039  4,300     4,365
  Santa Margarita-Dana Point Authority Intergovernmental Agreement Revenue 3.000%   6/1/2037    850       811
  Santa Monica Public Financing Authority Lease (Abatement) Revenue 4.000%   7/1/2039    790       793
  Santa Monica Public Financing Authority Lease (Abatement) Revenue (City Yards Project) 2.125%   7/1/2046  5,500     3,657
  Santa Monica Public Financing Authority Lease (Abatement) Revenue (City Yards Project) 2.250%   7/1/2051  6,500     3,977
  Santa Monica-Malibu Unified School District GO 5.000%   7/1/2031  2,980     3,357
  Santa Monica-Malibu Unified School District GO 5.000%   7/1/2032  1,935     2,216
  Santa Monica-Malibu Unified School District GO 4.000%   7/1/2039    555       557
  Santa Monica-Malibu Unified School District GO 3.000%   8/1/2042  1,575     1,363
  Santa Paula Unified School District GO 3.000%   8/1/2049  1,330       978
  Santa Rosa Elementary School District GO 5.000%   8/1/2042    400       433
  Santa Rosa Elementary School District GO 5.000%   8/1/2043    600       646
  Santa Rosa High School District GO 5.000%   8/1/2036  1,275     1,502
  Santa Rosa High School District GO 5.000%   8/1/2037  1,060     1,240
  Santa Rosa High School District GO 5.000%   8/1/2038  3,360     3,908
  Santa Rosa High School District GO 5.000%   8/1/2039  3,615     4,173
  Sequoia Union High School District GO 2.375%   7/1/2032  1,060       997
  Shasta-Tehama-Trinity Joint Community College District GO 3.000%   8/1/2042  4,770     4,109
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/2032  2,340     2,196
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/2034  2,485     2,286
20

 

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

($000)
  Sonoma County Junior College District GO 3.000%   8/1/2037  7,285     6,815
1 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/2042  1,260     1,313
1 South Bayside Waste Management Authority Resource Recovery Revenue, Prere. 5.000%   9/1/2029     40        43
  South Coast Water District Financing Authority Intergovernmental Agreement Revenue 4.000%   2/1/2036    350       357
  South Coast Water District Financing Authority Intergovernmental Agreement Revenue 4.000%   2/1/2037    250       254
  South Coast Water District Financing Authority Intergovernmental Agreement Revenue 3.000%   2/1/2038  1,080     1,023
  South Coast Water District Financing Authority Intergovernmental Agreement Revenue 3.000%   2/1/2039  1,110     1,031
  South Coast Water District Financing Authority Intergovernmental Agreement Revenue 3.000%   2/1/2040  1,105       999
  South Coast Water District Financing Authority Intergovernmental Agreement Revenue 2.500%   2/1/2050  4,920     3,376
  South Orange County Public Financing Authority Lease (Abatement) Revenue 5.000%   6/1/2052  8,765     9,096
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2039    600       647
  Southern California Metropolitan Water District Water Revenue 5.000%  10/1/2045    500       521
3 Southern California Public Power Authority Electric Power & Light Revenue 5.000%  11/1/2033 10,510    11,201
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2036  1,340     1,481
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2044  1,290     1,397
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2045  1,510     1,621
  Southern California Public Power Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   9/1/2030 15,100    15,791
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2042  3,500     3,765
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2042  1,800     1,936
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2043  6,500     6,954
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.250%   7/1/2053  5,470     5,699
  Southern California Public Power Authority Electric Power & Light Revenue (Windy Point/Windy Flats Project) 5.000%   7/1/2029    135       144
6 Southern California Public Power Authority Electric Power & Light Revenue TOB VRDO 1.570%   6/4/2026  3,685     3,685
6 Southern California Public Power Authority Electric Power & Light Revenue TOB VRDO 1.570%   6/4/2026  6,000     6,000
  Southern California Public Power Authority Intergovernmental Agreement Revenue 5.000%   7/1/2046  1,550     1,631
2 Southern California Public Power Authority Intergovernmental Agreement Revenue 5.250%   7/1/2050  3,805     4,063
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Canyon Power Project) PUT 3.700%   7/1/2027  1,000     1,001
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2044    210       225
  Southern California Public Power Authority Intergovernmental Agreement Revenue PUT 5.000%   7/1/2029  2,085     2,182
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-20) VRDO 2.500%   6/1/2026 29,070    29,070
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.000%  11/1/2028  1,645     1,703
  Southwestern Community College District GO 3.000%   8/1/2039    900       832
  Southwestern Community College District GO 3.000%   8/1/2040  1,250     1,143
  Southwestern Community College District GO 3.000%   8/1/2040  2,500     2,285
  Southwestern Community College District GO 3.000%   8/1/2041  3,560     3,209
  Stanislaus County Modesto Elementary School District GO 3.000%   8/1/2039    280       256
  Stanislaus County Modesto Elementary School District GO 3.000%   8/1/2046  1,860     1,488
  Stanislaus County Modesto Elementary School District GO 3.000%   8/1/2046  4,300     3,441
  Stanislaus County Modesto Elementary School District GO 3.000%   8/1/2050  1,915     1,440
  Stanislaus County Modesto Elementary School District GO 5.000%   8/1/2052  1,580     1,636
  State Center Community College District GO 3.000%   8/1/2040  4,660     4,164
2 Stockton Unified School District GO 2.500%   8/1/2035  1,025       907
1 Stockton Unified School District GO 4.000%   8/1/2038  1,625     1,674
1 Stockton Unified School District GO 4.000%   8/1/2040  1,035     1,055
2,6 Stockton Unified School District GO TOB VRDO 2.800%   6/1/2026  2,200     2,200
  Sunnyvale Financing Authority Intergovernmental Agreement Revenue 5.000%  11/1/2044  1,000     1,106
  Sunnyvale Financing Authority Intergovernmental Agreement Revenue 5.000%  11/1/2045  1,500     1,644
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Civic Center Project) 2.500%   4/1/2052  3,620     2,415
  Sunnyvale School District GO 4.000%   9/1/2036    250       256
  Sunnyvale School District GO 4.000%   9/1/2037    270       275
  Sweetwater Union High School District GO 5.000%   8/1/2026     25        25
1 Sweetwater Union High School District GO 0.000%   8/1/2039  1,355       747
1 Sweetwater Union High School District GO 0.000%   8/1/2040  3,005     1,557
1 Sweetwater Union High School District GO 0.000%   8/1/2041  4,000     1,949
1 Sweetwater Union High School District GO 0.000%   8/1/2042  2,000       918
1 Sweetwater Union High School District GO 0.000%   8/1/2043  4,000     1,721
1 Sweetwater Union High School District GO 0.000%   8/1/2044  3,500     1,411
1 Sweetwater Union High School District GO 0.000%   8/1/2045  4,975     1,886
1 Sweetwater Union High School District GO 0.000%   8/1/2046  1,165       415
1 Temecula Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000% 12/15/2038  3,115     3,188
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2029  1,000     1,065
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2035    335       356
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2039  1,000     1,050
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2048    125       123
21

 

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

($000)
  Tracy CA Community Facilities District Special Tax Revenue 5.750%   9/1/2048  1,700     1,794
  Tracy CA Community Facilities District Special Tax Revenue 5.875%   9/1/2053  2,700     2,847
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2036    800       824
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2045  2,000     2,020
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/2044    285       297
  Turlock Public Financing Authority Lease (Abatement) Revenue 5.000%   4/1/2045    475       497
1 Twin Rivers Unified School District GO 0.000%   8/1/2036  1,850     1,215
  Union Sanitary District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/2040    190       194
  University of California College & University Revenue 5.000%  5/15/2037 10,000    11,523
  University of California College & University Revenue 5.000% 11/15/2037  5,000     5,817
  University of California College & University Revenue 5.000%  5/15/2038  2,000     2,256
  University of California College & University Revenue 5.000%  5/15/2038  3,000     3,426
  University of California College & University Revenue 5.000%  5/15/2038  4,370     4,990
  University of California College & University Revenue 5.000%  5/15/2038  2,000     2,284
  University of California College & University Revenue 5.000% 11/15/2038  7,500     8,640
  University of California College & University Revenue 5.000%  5/15/2039  9,670    10,967
  University of California College & University Revenue 5.000%  5/15/2039 22,095    25,059
  University of California College & University Revenue 5.000%  5/15/2039  3,800     4,310
  University of California College & University Revenue 5.000% 11/15/2039  9,990    11,829
  University of California College & University Revenue 5.000%  5/15/2040 23,115    26,082
  University of California College & University Revenue 5.000%  5/15/2040  3,250     3,667
  University of California College & University Revenue 5.000%  5/15/2040  3,690     4,164
  University of California College & University Revenue 5.000%  5/15/2040  4,000     4,538
  University of California College & University Revenue 5.250%  5/15/2040  7,705     9,345
  University of California College & University Revenue 5.500%  5/15/2040  8,000     9,426
  University of California College & University Revenue 5.000% 11/15/2040 12,000    13,686
  University of California College & University Revenue 5.000% 11/15/2041  3,070     3,470
  University of California College & University Revenue 5.000%  5/15/2042  1,270     1,339
  University of California College & University Revenue 5.000% 11/15/2042  2,110     2,372
  University of California College & University Revenue 5.000%  5/15/2043  2,175     2,406
  University of California College & University Revenue 5.000% 11/15/2043  1,305     1,456
  University of California College & University Revenue 5.000%  5/15/2044  1,505     1,653
  University of California College & University Revenue 5.000% 11/15/2044    665       736
  University of California College & University Revenue 5.000%  5/15/2045  1,265     1,381
  University of California College & University Revenue 5.000% 11/15/2045    630       693
  University of California College & University Revenue 5.000% 11/15/2045    285       314
  University of California College & University Revenue 5.000%  5/15/2046  3,490     3,782
  University of California College & University Revenue 5.000% 11/15/2046    310       338
  University of California College & University Revenue 5.000%  5/15/2047  5,440     5,507
  University of California College & University Revenue 5.000%  5/15/2047    430       462
  University of California College & University Revenue 5.000%  5/15/2052 20,000    20,837
  University of California College & University Revenue 5.000%  5/15/2053 30,865    32,594
  University of California College & University Revenue 4.000%  5/15/2055  2,720     2,537
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2042 27,405    27,857
12 University of California College & University Revenue (Limited Project) 5.000%  5/15/2046 30,485    32,003
  University of California College & University Revenue VRDO 2.300%   6/1/2026 18,570    18,570
  University of California College & University Revenue VRDO 2.300%   6/1/2026 39,200    39,200
  University of California College & University Revenue VRDO 2.350%   6/1/2026 28,690    28,690
  University of California College & University Revenue VRDO 1.250%   6/4/2026  6,960     6,960
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/2040  3,000     3,274
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/2041  2,000     2,168
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 3.000%  5/15/2042    440       378
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/2042  3,775     4,065
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/2047 13,720    14,448
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 4.000%  5/15/2053 22,735    21,069
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 3.500%  5/15/2054 15,000    12,055
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 2.250%   6/1/2026  5,355     5,355
  Upland CA COP 4.000%   1/1/2042  5,635     5,202
  Val Verde Unified School District GO 5.000%   8/1/2044  1,000     1,108
  Val Verde Unified School District GO 5.000%   8/1/2045  1,000     1,097
1 Val Verde Unified School District GO 4.000%   8/1/2048  4,900     4,707
1 Val Verde Unified School District GO 4.000%   8/1/2049  5,000     4,783
  Vallecitos Water District COP 2.250%   8/1/2046  2,140     1,484
  Vallejo City Unified School District GO 5.000%   8/1/2041  1,485     1,596
  Ventura Unified School District GO 4.000%   8/1/2041  2,855     2,904
  Ventura Unified School District GO 4.000%   8/1/2052 11,230    10,552
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2032    865       921
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/2036    750       789
  Victor Valley Community College District GO 5.000%   8/1/2039  3,000     3,472
  Victor Valley Community College District GO 5.000%   8/1/2052  5,000     5,285
22

 

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

($000)
1 Vista Unified School District GO 5.000%   8/1/2041    670       760
1 Vista Unified School District GO 5.000%   8/1/2043  1,400     1,563
1 Vista Unified School District GO 5.000%   8/1/2045  1,200     1,315
1 Vista Unified School District GO 5.000%   8/1/2047  1,595     1,715
1 Vista Unified School District GO 5.000%   8/1/2048  1,500     1,602
  Washington Township Health Care District GO 5.000%   8/1/2043    250       250
  Washington Township Health Care District GO 5.000%   8/1/2043    500       500
  Washington Township Health Care District GO 5.500%   8/1/2053    750       807
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2026  1,340     1,342
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028  1,230     1,275
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031    500       516
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/2033  1,080     1,090
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2033  1,080     1,090
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/2034  1,770     1,646
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.125%   7/1/2035    105        95
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/2035  2,220     2,139
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2036    500       510
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/2037  1,240     1,173
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/2038  1,000       870
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/2048    750       617
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.750%   7/1/2048  3,340     3,522
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.750%   7/1/2053  2,270     2,351
1 Washington Yolo County CA Unified School District (Capital Project) COP 5.000%   8/1/2026     60        60
  West Contra Costa Unified School District GO 5.000%   8/1/2026    115       115
1 West Contra Costa Unified School District GO 3.000%   8/1/2035    850       837
1 West Contra Costa Unified School District GO 3.000%   8/1/2036  1,000       964
1 West Contra Costa Unified School District GO 3.000%   8/1/2037  1,400     1,331
2 West Contra Costa Unified School District GO 5.000%   8/1/2039  1,000     1,131
2 West Contra Costa Unified School District GO 5.000%   8/1/2039  1,400     1,584
1 West Contra Costa Unified School District GO 3.000%   8/1/2045  6,385     5,266
1 West Contra Costa Unified School District GO 3.000%   8/1/2051  2,010     1,523
2 West Contra Costa Unified School District GO 4.000%   8/1/2054  2,070     1,940
  West Sonoma County Union High School District GO 5.000%   8/1/2043    780       806
2 Western Placer Unified School District GO 5.000%   8/1/2042  6,350     6,466
  Western Placer Unified School District GO 5.000%   8/1/2043    800       802
                               5,991,428
Indiana (0.3%)
8 Freddie Mac Pool 4.250%   1/1/2042 14,971    14,506
Minnesota (0.0%)
8 Freddie Mac Pool 3.720%   1/1/2041  1,115     1,040
New Hampshire (0.1%)
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue 3.809%  7/20/2039  7,576     7,352
Ohio (0.1%)
8 Freddie Mac Pool 4.250%   9/1/2041  5,475     5,328
Puerto Rico (0.7%)
  Commonwealth of Puerto Rico GO 5.625%   7/1/2029  6,964     7,318
  Commonwealth of Puerto Rico GO 5.750%   7/1/2031 10,704    11,587
  Commonwealth of Puerto Rico GO 0.000%   7/1/2033 10,000     7,287
  Commonwealth of Puerto Rico GO 4.000%   7/1/2033  4,029     4,035
  Commonwealth of Puerto Rico GO 4.000%   7/1/2041  1,092     1,039
  Commonwealth of Puerto Rico GO 4.000%   7/1/2046  3,103     2,747
6 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2033    500       525
6 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2033    970     1,023
6 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2035    610       633
6 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2037    250       260
6 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2037    155       163
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2029  1,230     1,115
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2031  2,773     2,330
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2033  1,264       982
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.500%   7/1/2034    559       559
                                  41,603
Total Tax-Exempt Municipal Bonds (Cost $6,088,048) 6,061,257
23

 

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

($000)
Taxable Municipal Bonds (0.1%)
Puerto Rico (0.1%)
  Commonwealth of Puerto Rico CVI 0.000%  11/1/2043  8,929     6,161
  Commonwealth of Puerto Rico CVI 0.000%  11/1/2051  3,317     2,330
Total Taxable Municipal Bonds (Cost $7,540) 8,491
Total Investments (99.5%) (Cost $6,095,588) 6,069,748
Other Assets and Liabilities—Net (0.5%) 30,481
Net Assets (100%) 6,100,229
Cost is in $000.
• See Note A in Notes to Financial Statements.
1 Scheduled principal and interest payments are guaranteed by Assured Guaranty Inc.
2 Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co.
3 Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of May 31, 2026.
4 Scheduled principal and interest payments are guaranteed by bank letter of credit.
5 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.
6 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, 2026, the aggregate value was $418,217, representing 6.9% of net assets.
7 Scheduled principal and interest payments are guaranteed by Federal Housing Authority.
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 Ambac Assurance Corp.
10 Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp.
11 Step bond.
12 Securities with a value of $1,640 have been segregated as initial margin for open futures contracts.
  BAN—Bond Anticipation Note.
  COP—Certificate of Participation.
  CVI—Contingent Value Instruments.
  GO—General Obligation Bond.
  Prere.—Prerefunded.
  PUT—Put Option Obligation.
  SIFMA—Securities Industry and Financial Markets Association.
  TOB—Tender Option Bond.
  TSFR3M—CME Term Secured Overnight Financing Rate 3-Month.
  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 2026 (306) (32,807) (75)
10-Year U.S. Treasury Note September 2026 (395) (43,382) (136)
        (211)
24

 

California Long-Term Tax-Exempt Fund
                 
Over-the-Counter Swaps - Municipal Market Data Rate Locks    
Termination
Date 		Counterparty Notional
Amount
($000) 		Buy/Sell Reference
Index 		Strike
Rate 		Value
($000) 		Unrealized
Appreciation
($000) 		Unrealized
(Depreciation)
($000)
8/13/2026 RBC 5,000 Buy 30-Year MMD AAA General Obligation Scale 4.760% 357 357 —
8/18/2026 RBC 1,170 Buy 30-Year MMD AAA General Obligation Scale 4.770% 85 85 —
8/20/2026 RBC 3,070 Buy 5-Year MMD AAA General Obligation Scale 2.790% 11 11 —
8/20/2026 MSBNA 1,720 Buy 5-Year MMD AAA General Obligation Scale 2.840% 11 11 —
9/24/2026 WFB 8,000 Buy 30-Year MMD AAA General Obligation Scale 4.630% 316 316 —
10/30/2026 JPMC 4,000 Buy 20-Year MMD AAA General Obligation Scale 4.040% 3 3 —
11/2/2026 JPMC 4,000 Buy 20-Year MMD AAA General Obligation Scale 4.060% 14 14 —
3/24/2027 RBC 12,000 Buy 20-Year MMD AAA General Obligation Scale 4.450% 458 458 —
3/24/2027 MSBNA 8,000 Buy 20-Year MMD AAA General Obligation Scale 4.470% 328 328 —
5/20/2027 JPMC 6,507 Buy 20-Year MMD AAA General Obligation Scale 4.480% 216 216 —
5/27/2027 RBC 6,667 Buy 20-Year MMD AAA General Obligation Scale 4.300% 45 45 —
6/1/2027 RBC 10,000 Buy 20-Year MMD AAA General Obligation Scale 4.240% (20) — (20)
            1,824 1,844 (20)
  JPMC—JPMorgan Chase Bank, N.A.
  MSBNA—Morgan Stanley Bank, N.A.
  RBC—Royal Bank of Canada.
  WFB—Wells Fargo Bank N.A.
At May 31, 2026, the counterparties had deposited in segregated accounts securities with a value of $633 in connection with open over-the-counter municipal market rate lock contracts.
See accompanying Notes, which are an integral part of the Financial Statements.
25

 

California Long-Term Tax-Exempt Fund
Statement of Assets and Liabilities
As of May 31, 2026
($000s, except shares and per-share amounts) Amount
Assets  
Investments in Securities, at Value—Unaffiliated Issuers (Cost $6,095,588) 6,069,748
Investment in Vanguard 134
Cash 94
Receivables for Investment Securities Sold 5,466
Receivables for Accrued Income 65,077
Receivables for Capital Shares Issued 2,995
Unrealized Appreciation—Over-the-Counter Swap Contracts 1,844
Other Assets 110
Total Assets 6,145,468
Liabilities  
Payables for Investment Securities Purchased 34,618
Payables for Capital Shares Redeemed 3,951
Payables for Distributions 6,372
Payables to Vanguard 254
Variation Margin Payable—Futures Contracts 24
Unrealized Depreciation—Over-the-Counter Swap Contracts 20
Total Liabilities 45,239
Net Assets 6,100,229
At May 31, 2026, net assets consisted of:  
   
Paid-in Capital 6,262,306
Total Distributable Earnings (Loss) (162,077)
Net Assets 6,100,229
 
Investor Shares—Net Assets  
Applicable to 64,816,948 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		744,561
Net Asset Value Per Share—Investor Shares $11.49
 
Admiral™ Shares—Net Assets  
Applicable to 466,231,759 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		5,355,668
Net Asset Value Per Share—Admiral Shares $11.49
  
See accompanying Notes, which are an integral part of the Financial Statements.
26

 

California Long-Term Tax-Exempt Fund
Statement of Operations
  Six Months Ended
May 31, 2026
  ($000)
Investment Income  
Income  
Interest 112,273
Total Income 112,273
Expenses  
The Vanguard Group—Note C  
Investment Advisory Services 390
Management and Administrative—Investor Shares 429
Management and Administrative—Admiral Shares 1,842
Marketing and Distribution—Investor Shares 32
Marketing and Distribution—Admiral Shares 136
Custodian Fees 5
Shareholders’ Reports—Investor Shares 7
Shareholders’ Reports—Admiral Shares 13
Trustees’ Fees and Expenses 2
Other Expenses 5
Total Expenses 2,861
Expenses Paid Indirectly (5)
Net Expenses 2,856
Net Investment Income 109,417
Realized Net Gain (Loss)  
Investment Securities Sold 4,318
Futures Contracts 1,978
Swap Contracts (279)
Realized Net Gain (Loss) 6,017
Change in Unrealized Appreciation (Depreciation)  
Investment Securities (19,886)
Futures Contracts (174)
Swap Contracts 708
Change in Unrealized Appreciation (Depreciation) (19,352)
Net Increase (Decrease) in Net Assets Resulting from Operations 96,082
  
See accompanying Notes, which are an integral part of the Financial Statements.
27

 

California Long-Term Tax-Exempt Fund
Statement of Changes in Net Assets
  Six Months Ended
May 31,
2026 		  Year Ended
November 30,
2025
  ($000)   ($000)
Increase (Decrease) in Net Assets      
Operations      
Net Investment Income 109,417   202,357
Realized Net Gain (Loss) 6,017   (22,047)
Change in Unrealized Appreciation (Depreciation) (19,352)   (38,579)
Net Increase (Decrease) in Net Assets Resulting from Operations 96,082   141,731
Distributions      
Investor Shares (13,182)   (23,045)
Admiral Shares (94,349)   (176,168)
Total Distributions (107,531)   (199,213)
Capital Share Transactions      
Investor Shares 35,017   97,900
Admiral Shares 230,995   116,550
Net Increase (Decrease) from Capital Share Transactions 266,012   214,450
Total Increase (Decrease) 254,563   156,968
Net Assets      
Beginning of Period 5,845,666   5,688,698
End of Period 6,100,229   5,845,666
  
See accompanying Notes, which are an integral part of the Financial Statements.
28

 

California Long-Term Tax-Exempt Fund
Financial Highlights
Investor Shares            
For a Share Outstanding
Throughout Each Period  		Six Months
Ended
May 31,
2026 		Year Ended November 30,
2025 2024 2023 2022 2021
Net Asset Value, Beginning of Period $11.51 $11.63 $11.28 $11.14 $12.76 $12.86
Investment Operations            
Net Investment Income1 .209 .404 .382 .347 .293 .297
Net Realized and Unrealized Gain (Loss) on Investments (.024) (.127) .344 .136 (1.542) (.017)
Total from Investment Operations .185 .277 .726 .483 (1.249) .280
Distributions            
Dividends from Net Investment Income (.205) (.397) (.376) (.343) (.292) (.297)
Distributions from Realized Capital Gains — — — — (.079) (.083)
Total Distributions (.205) (.397) (.376) (.343) (.371) (.380)
Net Asset Value, End of Period $11.49 $11.51 $11.63 $11.28 $11.14 $12.76
Total Return2 1.62% 2.52% 6.52% 4.42% -9.88% 2.22%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $745 $711 $619 $530 $511 $663
Ratio of Total Expenses to Average Net Assets 0.14%3 0.15%3 0.17%3 0.17%3 0.17%3 0.17%
Ratio of Net Investment Income to Average Net Assets 3.64% 3.59% 3.33% 3.11% 2.53% 2.32%
Portfolio Turnover Rate 24% 55% 81% 76% 85% 42%
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.
3 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.14%, 0.14%, 0.17%, 0.17% and 0.17%, respectively.
  
See accompanying Notes, which are an integral part of the Financial Statements.
29

 

California Long-Term Tax-Exempt Fund
Financial Highlights
Admiral Shares            
For a Share Outstanding
Throughout Each Period  		Six Months
Ended
May 31,
2026 		Year Ended November 30,
2025 2024 2023 2022 2021
Net Asset Value, Beginning of Period $11.51 $11.63 $11.28 $11.14 $12.76 $12.86
Investment Operations            
Net Investment Income1 .211 .410 .392 .356 .302 .307
Net Realized and Unrealized Gain (Loss) on Investments (.023) (.126) .343 .136 (1.542) (.017)
Total from Investment Operations .188 .284 .735 .492 (1.240) .290
Distributions            
Dividends from Net Investment Income (.208) (.404) (.385) (.352) (.301) (.307)
Distributions from Realized Capital Gains — — — — (.079) (.083)
Total Distributions (.208) (.404) (.385) (.352) (.380) (.390)
Net Asset Value, End of Period $11.49 $11.51 $11.63 $11.28 $11.14 $12.76
Total Return2 1.64% 2.57% 6.61% 4.50% -9.81% 2.30%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $5,356 $5,135 $5,070 $4,401 $3,962 $5,134
Ratio of Total Expenses to Average Net Assets 0.09%3 0.09%3 0.09%3 0.09%3 0.09%3 0.09%
Ratio of Net Investment Income to Average Net Assets 3.69% 3.64% 3.41% 3.19% 2.61% 2.40%
Portfolio Turnover Rate 24% 55% 81% 76% 85% 42%
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.
3 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.09%.
  
See accompanying Notes, which are an integral part of the Financial Statements.
30

 

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.
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 other 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 valuation designee to represent fair value and subject to oversight by the board of trustees.
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, 2026, the fund’s average investments in long and short futures contracts represented less than 1% and 1% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
3. MMD Rate Locks: The fund enters into Municipal Market Data (MMD) Rate Lock contracts to lock in a specified municipal interest rate for a portion of the fund to preserve a return on a particular investment or a portion of the fund as a duration management technique or to protect against market interest rate risk for anticipated purchase of municipal bonds. Under the terms of the contracts, both parties agree to make payments to each other on a notional amount, contingent upon whether the reference index rate is above or below a strike rate on the termination date of the contract. The fund may buy (long) an MMD Rate Lock and if the referenced MMD AAA Index is below the strike rate on the termination date, the counterparty will make a payment to the fund. If the MMD AAA Index is above the strike rate on the termination date, the fund will make a payment to the counterparty. The fund may also sell (short) an MMD Rate Lock. The contract terms of a short position will move in the opposite direction as a long position.
The primary risk associated with MMD Rate Locks is that municipal yields will move in the opposite direction than anticipated by a fund, which would cause the fund to make payments to its counterparty in the transaction that could adversely affect the fund’s performance. A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
The notional amounts of swap contracts are not recorded in the Statement of Assets and Liabilities. MMD Rate Locks are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is 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 terminated, at which time realized gain (loss) is recorded.
During the six months ended May 31, 2026, the fund’s average amount of investments in MMD Rate Locks represented 1% of net assets, based on the average of notional amounts at each quarter-end during the period.
4. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute virtually 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.
31

 

California Long-Term Tax-Exempt Fund
5. 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.
6. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes 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 the higher of the effective federal funds rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate. 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, 2026, the fund did not utilize the credit facilities or the Interfund Lending Program.
7. 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. Vanguard provides investment advisory services to the fund through its wholly owned subsidiary Vanguard Capital Management, LLC.
C. 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, 2026, the fund had contributed to Vanguard capital in the amount of $134,000, representing less than 0.01% of the fund’s net assets and 0.05% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
D. The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended May 31, 2026, custodian fee offset arrangements reduced the fund’s expenses by $5,000 (an annual rate of less than 0.01% of average net assets).
E. 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.
32

 

California Long-Term Tax-Exempt Fund
The following table summarizes the market value of the fund’s investments and derivatives as of May 31, 2026, 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 — 6,061,257 — 6,061,257
Taxable Municipal Bonds — 8,491 — 8,491
Total — 6,069,748 — 6,069,748
Derivative Financial Instruments         
Assets        
Swap Contracts — 1,844 — 1,844
Liabilities        
Futures Contracts1 (211) — — (211)
Swap Contracts — (20) — (20)
Total (211) (20) — (231)
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.
F. As of May 31, 2026, 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 6,096,350
Gross Unrealized Appreciation 76,714
Gross Unrealized Depreciation (101,703)
Net Unrealized Appreciation (Depreciation) (24,989)
The fund’s tax-basis capital gains and losses are determined only at the end of each fiscal year. For tax purposes, at November 30, 2025, the fund had available capital losses totaling $153,326,000 that may be carried forward indefinitely to offset future net capital gains. The fund will use these capital losses to offset net taxable capital gains, if any, realized during the year ending November 30, 2026; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.
G. During the six months ended May 31, 2026, the fund purchased $1,471,870,000 of investment securities and sold $1,340,131,000 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, 2026, such purchases were $116,120,000 and sales were $17,280,000, 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.
H. Capital share transactions for each class of shares were:
    
  Six Months Ended
May 31, 2026 		  Year Ended
November 30, 2025
  Amount
($000) 		Shares
(000) 		  Amount
($000) 		Shares
(000)
Investor Shares          
Issued 138,819 12,087   282,670 24,986
Issued in Lieu of Cash Distributions 11,510 1,002   19,838 1,760
Redeemed (115,312) (10,065)   (204,608) (18,163)
Net Increase (Decrease)—Investor Shares 35,017 3,024   97,900 8,583
Admiral Shares          
Issued 577,256 50,283   1,120,321 99,785
Issued in Lieu of Cash Distributions 58,810 5,118   112,197 9,955
Redeemed (405,071) (35,310)   (1,115,968) (99,519)
Net Increase (Decrease)—Admiral Shares 230,995 20,091   116,550 10,221
I. Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, political or regulatory conditions, 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.
33

 

California Long-Term Tax-Exempt Fund
To the extent the fund’s investment portfolio reflects concentration in a particular market, industry, sector, country or asset class, the fund may be adversely affected by the performance of these concentrations and may be subject to increased price volatility and other risks.
Credit risk is the risk that a counterparty to a transaction or an issuer of a financial instrument will fail to pay interest and principal when due, or that perceptions of the issuer’s ability to make such payments will cause the price of an investment to decline. Investment in debt securities will generally increase credit risk.
The use of derivatives may expose the fund to various risks. Derivatives can be highly volatile, and any initial investment is generally small relative to the notional amount so that transactions may be leveraged in terms of market exposure. A relatively small market movement may have a potentially larger impact on derivatives than on standard securities. Leveraged derivatives positions can, therefore, increase volatility. Additional information regarding the fund’s use of derivative(s) and the specific risks associated is described under significant accounting policies.
J. Operating segments are components of an entity that engage in business activities, have discrete financial information available, and have their operating results regularly reviewed by a chief operating decision maker (“CODM”). The fund is considered a single segment. Vanguard’s chief executive officer, chief investment officer, and chief financial officer, who are also officers of the fund, as well as the fund’s chief financial officer collectively act as the CODM. Vanguard has established various management committees to assist the CODM with overseeing aspects of the fund’s daily operations. Through these committees, the CODM manages the fund’s operations to achieve a single investment objective, as detailed in its prospectus, through the execution of the fund’s investment strategies. When assessing segment performance and making decisions about segment resources, the CODM relies on the fund’s portfolio composition, total returns, expense ratios and changes in net assets which are consistent with the information contained in the fund’s financial statements. Segment assets, liabilities, income, and expenses are also detailed in the accompanying financial statements.
K. Management has determined that no subsequent events or transactions occurred through the date the financial statements were issued that would require recognition or disclosure in these financial statements.
Q752 072026
34
Financial Statements
For the six-months ended May 31, 2026
Vanguard California Tax-Exempt Bond ETF

 

Contents
Financial Statements
1
   

 

California Tax-Exempt Bond ETF
Financial Statements (unaudited)
Schedule of Investments
As of May 31, 2026
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 (99.7%)
California (99.7%)
1 Abag Finance Authority for Nonprofit Corps. Miscellaneous Revenue (California Alumni Association Project) VRDO 0.900%   6/4/2026  2,460     2,460
  Acalanes Union High School District GO 6.550%   8/1/2039    245       271
2 Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 0.000%  10/1/2049  2,105       683
2 Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 0.000%  10/1/2051    335       101
2 Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 0.000%  10/1/2052  1,000       285
2 Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/2052  1,620     1,668
2 Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 0.000%  10/1/2053  2,625       672
2 Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 0.000%  10/1/2053  2,090       565
2,3 Alameda Corridor Transportation Authority Port, Airport & Marina Revenue, 5.200% coupon rate effective 10/1/2037 0.000%  10/1/2051     50        29
3 Alameda Corridor Transportation Authority Port, Airport & Marina Revenue, 5.300% coupon rate effective 10/1/2037 0.000%  10/1/2047  1,820     1,085
3 Alameda Corridor Transportation Authority Port, Airport & Marina Revenue, 5.350% coupon rate effective 10/1/2037 0.000%  10/1/2048  2,050     1,210
3 Alameda Corridor Transportation Authority Port, Airport & Marina Revenue, 5.375% coupon rate effective 10/1/2037 0.000%  10/1/2049  1,320       775
3 Alameda Corridor Transportation Authority Port, Airport & Marina Revenue, 5.400% coupon rate effective 10/1/2037 0.000%  10/1/2050  1,900     1,103
2,3 Alameda Corridor Transportation Authority Port, Airport & Marina Revenue, 5.450% coupon rate effective 10/1/2037 0.000%  10/1/2052  2,745     1,599
2 Alameda Corridor Transportation Authority Transit Revenue 3.000%  10/1/2034    225       220
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/2034    500       503
4 Alameda Corridor Transportation Authority Transit Revenue 0.000%  10/1/2035     50        36
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/2035    235       236
2 Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/2035    465       468
2 Alameda Corridor Transportation Authority Transit Revenue 3.125%  10/1/2036    160       152
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/2036  1,210     1,216
2 Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/2036    255       257
2 Alameda Corridor Transportation Authority Transit Revenue 4.000%  10/1/2037     60        60
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/2037  2,400     2,411
2 Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/2037    350       352
  Alameda County CA Fremont Unified School District GO 3.250%   8/1/2032    340       340
  Alameda County CA Fremont Unified School District GO 2.000%   8/1/2043  1,665     1,150
  Alameda County Joint Powers Authority Lease (Abatement) Revenue (Highland Hospital Project) 5.000%  12/1/2026     10        10
  Alameda County Joint Powers Authority Lease (Abatement) Revenue (Highland Hospital Project) 5.000%  12/1/2027    290       301
  Alameda County Joint Powers Authority Lease (Abatement) Revenue (Highland Hospital Project) 5.000%  12/1/2028    455       486
  Alameda County Joint Powers Authority Lease (Abatement) Revenue (Highland Hospital Project) 5.000%  12/1/2029    370       404
  Alameda County Joint Powers Authority Lease (Abatement) Revenue (Highland Hospital Project) 5.000%  12/1/2030     25        28
  Alameda County Joint Powers Authority Lease (Abatement) Revenue (Highland Hospital Project) 5.000%  12/1/2031    145       164
  Alameda County Joint Powers Authority Lease (Abatement) Revenue (Highland Hospital Project) 5.000%  12/1/2032    215       248
  Alameda County Joint Powers Authority Lease (Abatement) Revenue (Highland Hospital Project) 5.000%  12/1/2033    225       263
  Alameda County Joint Powers Authority Lease (Abatement) Revenue (Highland Hospital Project) 5.000%  12/1/2034    485       560
  Alameda County Oakland Unified School District GO 5.000%   8/1/2026  1,500     1,505
  Alameda County Oakland Unified School District GO 5.000%   8/1/2027    430       432
  Alameda County Oakland Unified School District GO 5.000%   8/1/2027  1,000     1,027
  Alameda County Oakland Unified School District GO 5.000%   8/1/2028     60        60
  Alameda County Oakland Unified School District GO 5.000%   8/1/2028  1,000     1,052
  Alameda County Oakland Unified School District GO 5.000%   8/1/2029    325       326
  Alameda County Oakland Unified School District GO 5.000%   8/1/2029  1,000     1,074
2 Alameda County Oakland Unified School District GO 5.000%   8/1/2031    300       333
5 Alameda County Oakland Unified School District GO 5.000%   8/1/2035     35        38
2 Alameda County Oakland Unified School District GO 3.000%   8/1/2040     70        62
  Alameda County Oakland Unified School District GO 3.000%   8/1/2041    715       621
5 Alameda County Oakland Unified School District GO 4.000%   8/1/2046    905       881
5 Alameda County Oakland Unified School District GO 5.000%   8/1/2048    500       532
2 Alameda County Oakland Unified School District GO 5.250%   8/1/2048    565       601
  Alameda County Transportation Commission Sales Tax Revenue 5.000%   3/1/2045    930       992
3 Allan Hancock CA Joint Community College District GO, 5.600% coupon rate effective 8/1/2033 0.000%   8/1/2047    240       187
2 Alvord Unified School District GO 0.000%   8/1/2036    275       186
1

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Alvord Unified School District GO 0.000%   8/1/2043    295       147
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2027    575       595
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2032  1,000     1,098
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2032  1,085     1,180
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2033  1,225     1,329
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2034    870       894
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.250%  10/1/2050    500       521
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.500%  10/1/2055    300       314
2 Anaheim Public Financing Authority Lease (Abatement) Revenue 0.000%   9/1/2035    150       111
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 0.000%   9/1/2027    120       116
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 0.000%   9/1/2028    135       127
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 0.000%   9/1/2029    220       201
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 0.000%   9/1/2030  4,020     3,566
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 0.000%   9/1/2031    165       142
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 0.000%   9/1/2032    455       377
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 0.000%   9/1/2033    160       128
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project), ETM 0.000%   9/1/2036    250       180
  Anaheim Union High School District GO 4.500%   8/1/2050    670       680
  Anaheim Union High School District GO 4.625%   8/1/2052    245       249
  Antelope Valley Community College District GO 0.000%   8/1/2045  2,765     1,154
  Antelope Valley Community College District GO 0.000%   8/1/2046  1,540       605
  Antelope Valley Community College District GO 4.000%   8/1/2046  1,000     1,011
  Antelope Valley Community College District GO 0.000%   8/1/2048  3,510     1,232
  Antelope Valley Community College District GO 0.000%   8/1/2049  2,500       835
  Antelope Valley Community College District GO 0.000%   2/1/2050  1,500       487
  Antelope Valley Community College District GO 3.000%   8/1/2050  1,030       777
  Antelope Valley-East Kern Water Agency Financing Authority Intergovernmental Agreement Revenue (High Desert Water Bank Program) PUT 5.000%   4/1/2028  2,330     2,380
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2027  1,805     1,844
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2027    585       598
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2027    500       511
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2028    455       478
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2028    595       625
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2028     40        42
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2028     25        26
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2029     45        46
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2029  1,550     1,663
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2030    845       855
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2030    695       762
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2030    200       220
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2031    285       288
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2031  1,175     1,312
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2031     20        22
  Bay Area Toll Authority Highway Revenue 3.000%   4/1/2032    240       235
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2032    450       454
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2032     30        34
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2033    710       716
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2033    400       459
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2033     55        64
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2033     10        11
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2034    825       830
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2034    125       145
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2035  4,095     4,114
  Bay Area Toll Authority Highway Revenue 3.250%   4/1/2036    565       537
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2036     60        69
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2036    250       293
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2037    535       536
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2037    380       454
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2038  1,070     1,071
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2038    950     1,136
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2040    150       164
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2040  1,125     1,345
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2041    700       791
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2041    250       283
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2042  3,075     3,063
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2042     35        38
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2042  1,810     2,149
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2043    730       788
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2043    500       592
2

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2044    350       376
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2044    235       259
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2044    500       552
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2044    455       535
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2045  1,500     1,600
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2045    100       109
  Bay Area Toll Authority Highway Revenue 3.500%   4/1/2047  1,130       966
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2047  2,895     2,770
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2047    500       540
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2048    265       284
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2049    240       223
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2053    215       227
  Bay Area Toll Authority Highway Revenue 3.000%   4/1/2054  2,020     1,471
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/2054     95        99
  Bay Area Toll Authority Highway Revenue 2.600%   4/1/2056  4,930     3,276
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2056    665       608
  Bay Area Toll Authority Highway Revenue PUT 2.000%   4/1/2028  1,945     1,908
  Bay Area Toll Authority Highway Revenue PUT 5.000%  10/1/2033  9,535    10,808
1 Bay Area Toll Authority Highway Revenue VRDO 2.350%   6/1/2026  3,795     3,795
1 Bay Area Toll Authority Highway Revenue VRDO 2.350%   6/1/2026  2,855     2,855
1 Bay Area Toll Authority Highway Revenue VRDO 0.800%   6/4/2026    540       540
1 Bay Area Toll Authority Highway Revenue VRDO 0.900%   6/4/2026  3,700     3,700
1 Bay Area Toll Authority Highway Revenue VRDO 1.000%   6/4/2026  5,000     5,000
  Bay Area Toll Authority Highway Revenue, Prere. 5.000%   4/1/2027    930       951
  Bay Area Toll Authority Highway Revenue, Prere. 5.000%   4/1/2029    280       301
  Bay Area Toll Authority Highway Revenue, Prere. 5.000%   4/1/2029    420       452
  Bay Area Toll Authority Highway Revenue, Prere. 5.000%  10/1/2029     40        43
  Berkeley CA GO 3.250%   9/1/2045    165       140
  Beverly Hills CA Unified School District GO 0.000%   8/1/2028     55        52
  Beverly Hills CA Unified School District GO 0.000%   8/1/2029     15        14
  Beverly Hills CA Unified School District GO 0.000%   8/1/2030  1,505     1,344
  Beverly Hills CA Unified School District GO 0.000%   8/1/2031     25        22
  Beverly Hills CA Unified School District GO 0.000%   8/1/2032    490       410
  Beverly Hills CA Unified School District GO 0.000%   8/1/2033  1,235       999
  Beverly Hills CA Unified School District GO 0.000%   8/1/2037    150        94
  Beverly Hills CA Unified School District GO 0.000%   8/1/2038     20        12
  Beverly Hills CA Unified School District GO 0.000%   8/1/2039    240       137
  Beverly Hills CA Unified School District GO 3.000%   8/1/2044    260       219
  Burbank CA Electric Power & Light Revenue 5.000%   6/1/2048  1,125     1,166
  Burbank CA Electric Power & Light Revenue 5.000%   6/1/2053    370       380
2 Burbank-Glendale-Pasadena Airport Authority Brick Campaign Port, Airport & Marina Revenue 4.000%   7/1/2054  1,065       998
2 Burbank-Glendale-Pasadena Airport Authority Brick Campaign Port, Airport & Marina Revenue 4.375%   7/1/2056    500       498
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.250%   5/1/2048  1,040     1,049
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.250%   5/1/2053    100       101
  California Department of Water Resources Water Revenue 5.000%  12/1/2026    370       375
  California Department of Water Resources Water Revenue 5.000%  12/1/2026  1,140     1,155
  California Department of Water Resources Water Revenue 5.000%  12/1/2026     15        15
  California Department of Water Resources Water Revenue 5.000%  12/1/2026    150       152
  California Department of Water Resources Water Revenue 5.000%  12/1/2027  1,375     1,430
  California Department of Water Resources Water Revenue 5.000%  12/1/2027    270       281
  California Department of Water Resources Water Revenue 5.000%  12/1/2027    845       879
  California Department of Water Resources Water Revenue 5.000%  12/1/2027    180       182
  California Department of Water Resources Water Revenue 5.000%  12/1/2028    365       370
  California Department of Water Resources Water Revenue 5.000%  12/1/2028  2,235     2,384
  California Department of Water Resources Water Revenue 5.000%  12/1/2028     80        85
  California Department of Water Resources Water Revenue 5.000%  12/1/2029    140       142
  California Department of Water Resources Water Revenue 5.000%  12/1/2029     65        71
  California Department of Water Resources Water Revenue 5.000%  12/1/2029    865       933
  California Department of Water Resources Water Revenue 5.000%  12/1/2030    670       745
  California Department of Water Resources Water Revenue 5.000%  12/1/2030  1,265     1,281
  California Department of Water Resources Water Revenue 5.000%  12/1/2030    270       291
  California Department of Water Resources Water Revenue 5.000%  12/1/2030    330       343
  California Department of Water Resources Water Revenue 4.000%  12/1/2031     85        85
  California Department of Water Resources Water Revenue 5.000%  12/1/2031    480       531
  California Department of Water Resources Water Revenue 5.000%  12/1/2031    160       162
  California Department of Water Resources Water Revenue 5.000%  12/1/2031    220       228
  California Department of Water Resources Water Revenue 5.000%  12/1/2031    940     1,011
  California Department of Water Resources Water Revenue 5.000%  12/1/2032    390       430
  California Department of Water Resources Water Revenue 5.000%  12/1/2032  1,030     1,107
  California Department of Water Resources Water Revenue 5.000%  12/1/2032    180       186
3

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Department of Water Resources Water Revenue 5.000%  12/1/2033  1,240     1,365
  California Department of Water Resources Water Revenue 5.000%  12/1/2033    780       836
  California Department of Water Resources Water Revenue 5.000%  12/1/2034    325       357
  California Department of Water Resources Water Revenue 5.000%  12/1/2034    385       412
  California Department of Water Resources Water Revenue 4.000%  12/1/2035    185       186
  California Department of Water Resources Water Revenue 5.000%  12/1/2035    235       257
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2026    355       360
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2026     65        66
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2026    125       127
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2027  1,840     1,914
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2027    360       374
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2028    395       421
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2028    205       219
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2028  2,500     2,667
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2029    195       213
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2029    180       192
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2029    365       398
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2030    325       361
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2030    300       333
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2030    305       339
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2031    370       418
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2031    165       184
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2031    375       424
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2032    370       423
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2032    980     1,091
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2032     65        74
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2033  1,175     1,306
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2033     55        63
  California Department of Water Resources Water Revenue (Central Valley Project) 4.000%  12/1/2034    340       364
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2034     15        17
  California Department of Water Resources Water Revenue (Central Valley Project) 4.000%  12/1/2035    465       494
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2035     15        17
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2040    250       286
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2042    500       566
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2045    250       277
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2046    250       274
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2047    250       272
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2051  1,425     1,521
  California Department of Water Resources Water Revenue (Central Valley Project) 5.000%  12/1/2056  2,995     3,169
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/2026    190       192
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/2026      5         5
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/2027    245       254
  California Department of Water Resources Water Revenue, Prere. 5.000%   6/1/2029     75        80
  California Educational Facilities Authority College & University Revenue 5.000%   5/1/2029    695       749
  California Educational Facilities Authority College & University Revenue 5.000%   6/1/2033  2,240     2,583
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2035  1,975     2,338
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/2042    100       100
  California Educational Facilities Authority College & University Revenue 5.000%   6/1/2043  2,130     2,543
  California Educational Facilities Authority College & University Revenue 5.000%   6/1/2043  1,300     1,552
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2043  1,035     1,047
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/2044    250       252
  California Educational Facilities Authority College & University Revenue 5.000%   5/1/2045  2,160     2,529
  California Educational Facilities Authority College & University Revenue 5.000%   6/1/2046  2,035     2,358
  California Educational Facilities Authority College & University Revenue 4.000%   4/1/2047    505       473
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/2047    825       825
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2048    365       366
  California Educational Facilities Authority College & University Revenue 5.000%   5/1/2049  5,115     5,800
  California Educational Facilities Authority College & University Revenue 2.250%   4/1/2051  3,870     2,500
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/2051  1,805     2,026
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2053    705       705
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2055  4,960     5,226
  California Educational Facilities Authority College & University Revenue 5.250%  10/1/2055     55        57
  California Educational Facilities Authority College & University Revenue PUT 5.000%   3/1/2032  2,315     2,619
  California Educational Facilities Authority College & University Revenue PUT 5.000%   3/1/2035  3,280     3,867
  California Enterprise Development Authority Lease (Abatement) Revenue (Riverside County-Mead Valley Wellness Village Project) 5.250%  11/1/2049    240       257
  California Enterprise Development Authority Lease (Abatement) Revenue (Riverside County-Mead Valley Wellness Village Project) 5.250%  11/1/2049  1,090     1,106
  California Enterprise Development Authority Lease (Abatement) Revenue (Riverside County-Mead Valley Wellness Village Project) 5.250%  11/1/2054  1,955     2,074
4

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Enterprise Development Authority Lease (Abatement) Revenue (Riverside County-Mead Valley Wellness Village Project) 5.500%  11/1/2059  1,485     1,602
  California Enterprise Development Authority Lease (Abatement) Revenue (Riverside County-Mead Valley Wellness Village Project) 5.500%  11/1/2059    150       153
  California Enterprise Development Authority Private Schools Revenue (Castilleja School Foundation Project) 4.000%   6/1/2054    160       146
  California GO 5.000%   8/1/2026  1,500     1,506
  California GO 5.000%   8/1/2026    880       884
  California GO 5.000%   8/1/2026    210       211
  California GO 5.000%   8/1/2026     85        85
  California GO 5.000%   8/1/2026    190       191
  California GO 5.000%   8/1/2026    890       894
  California GO 5.000%   8/1/2026    140       141
  California GO 5.000%   8/1/2026  2,400     2,410
  California GO 4.000%   9/1/2026     50        50
  California GO 4.000%   9/1/2026  1,065     1,069
  California GO 5.000%   9/1/2026  1,000     1,006
  California GO 5.000%   9/1/2026    150       151
  California GO 5.000%   9/1/2026     60        60
  California GO 5.000%   9/1/2026    105       106
  California GO 5.000%   9/1/2026    330       332
  California GO 5.000%   9/1/2026    160       161
  California GO 5.000%   9/1/2026    230       231
  California GO 5.000%   9/1/2026    265       267
  California GO 4.000%  10/1/2026     65        65
  California GO 5.000%  10/1/2026    650       655
  California GO 5.000%  10/1/2026    600       605
  California GO 5.000%  10/1/2026     85        86
  California GO 5.000%  10/1/2026     60        61
  California GO 4.000%  11/1/2026    425       428
  California GO 5.000%  11/1/2026  1,755     1,773
  California GO 5.000%  11/1/2026    230       232
  California GO 5.000%  11/1/2026     45        45
  California GO 5.000%  11/1/2026    290       293
  California GO 5.000%  12/1/2026  2,070     2,096
6 California GO 5.000%   2/1/2027    200       203
  California GO 3.000%   3/1/2027    275       276
  California GO 4.000%   3/1/2027    850       860
  California GO 5.000%   3/1/2027  1,115     1,136
  California GO 5.000%   4/1/2027    760       776
  California GO 5.000%   4/1/2027    595       608
  California GO 5.000%   4/1/2027     40        41
  California GO 3.500%   8/1/2027  2,235     2,260
  California GO 5.000%   8/1/2027  1,310     1,315
  California GO 5.000%   8/1/2027  1,605     1,612
  California GO 5.000%   8/1/2027    215       221
  California GO 5.000%   8/1/2027    980     1,009
  California GO 5.000%   8/1/2027    485       500
  California GO 5.000%   8/1/2027     65        67
  California GO 5.000%   8/1/2027    415       427
  California GO 5.000%   8/1/2027      5         5
  California GO 4.000%   9/1/2027    485       495
  California GO 4.000%   9/1/2027    130       133
  California GO 5.000%   9/1/2027     50        50
  California GO 5.000%   9/1/2027    115       116
  California GO 5.000%   9/1/2027    230       237
  California GO 5.000%   9/1/2027    680       702
  California GO 5.000%   9/1/2027     25        26
  California GO 5.000%   9/1/2027    625       645
  California GO 5.000%   9/1/2027     10        10
  California GO 4.000%  10/1/2027    315       322
  California GO 5.000%  10/1/2027    695       719
  California GO 5.000%  10/1/2027    290       300
  California GO 5.000%  10/1/2027     90        93
  California GO 5.000%  10/1/2027  1,335     1,381
  California GO 5.000%  10/1/2027    865       895
  California GO 5.000%  10/1/2027     25        25
  California GO 5.000%  11/1/2027    650       674
  California GO 5.000%  11/1/2027    390       404
  California GO 5.000%  11/1/2027    260       269
  California GO 5.000%  11/1/2027    310       321
5

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO 5.000%  11/1/2027    625       648
  California GO 5.000%  11/1/2027    295       306
  California GO 5.000%  11/1/2027    505       523
  California GO 5.000%  11/1/2027    130       135
  California GO 5.000%  12/1/2027  1,595     1,656
  California GO 3.000%   3/1/2028     55        55
  California GO 4.000%   3/1/2028    905       930
  California GO 5.000%   3/1/2028  1,505     1,573
  California GO 5.000%   3/1/2028  3,000     3,135
  California GO 5.000%   4/1/2028  1,425     1,492
  California GO 5.000%   4/1/2028    700       733
  California GO 5.000%   4/1/2028     10        10
  California GO 5.000%   8/1/2028    230       231
  California GO 5.000%   8/1/2028    250       251
  California GO 5.000%   8/1/2028  2,000     2,060
  California GO 5.000%   8/1/2028    605       623
  California GO 5.000%   8/1/2028  1,055     1,112
  California GO 5.000%   8/1/2028  1,080     1,139
  California GO 5.000%   8/1/2028    720       759
  California GO 5.000%   8/1/2028     75        79
  California GO 4.000%   9/1/2028     10        10
  California GO 4.000%   9/1/2028    675       697
  California GO 4.000%   9/1/2028  2,000     2,065
  California GO 5.000%   9/1/2028  2,275     2,289
  California GO 5.000%   9/1/2028    405       428
  California GO 5.000%   9/1/2028     45        45
  California GO 5.000%   9/1/2028    435       460
  California GO 5.000%   9/1/2028     85        90
  California GO 5.000%   9/1/2028    115       121
  California GO 5.000%   9/1/2028    275       277
  California GO 3.000%  10/1/2028    315       315
  California GO 3.250%  10/1/2028    120       120
  California GO 5.000%  10/1/2028  1,775     1,879
  California GO 5.000%  10/1/2028    245       259
  California GO 5.000%  10/1/2028    155       164
  California GO 5.000%  10/1/2028  1,005     1,064
  California GO 5.000%  10/1/2028    370       392
  California GO 5.000%  10/1/2028    530       561
  California GO 5.000%  11/1/2028  1,795     1,860
  California GO 5.000%  11/1/2028    405       429
  California GO 5.000%  11/1/2028    555       589
  California GO 5.000%  11/1/2028    405       429
  California GO 5.000%  11/1/2028    100       106
  California GO 5.000%  12/1/2028  1,840     1,955
  California GO 3.000%   3/1/2029    350       350
  California GO 3.000%   3/1/2029    630       630
  California GO 4.000%   3/1/2029     25        26
  California GO 5.000%   3/1/2029    510       544
  California GO 5.000%   3/1/2029    730       779
  California GO 5.000%   4/1/2029  3,160     3,377
  California GO 5.000%   4/1/2029    155       166
  California GO 5.000%   4/1/2029    265       283
  California GO 3.000%   8/1/2029     55        55
  California GO 5.000%   8/1/2029    400       402
  California GO 5.000%   8/1/2029  1,595     1,641
  California GO 5.000%   8/1/2029     30        30
  California GO 5.000%   8/1/2029    580       611
  California GO 5.000%   8/1/2029    390       401
  California GO 5.000%   8/1/2029    290       298
  California GO 5.000%   8/1/2029    985     1,060
  California GO 5.000%   8/1/2029     50        54
  California GO 5.000%   8/1/2029     65        70
  California GO 5.000%   8/1/2029     45        48
  California GO 3.000%   9/1/2029    345       345
  California GO 4.000%   9/1/2029    535       559
  California GO 5.000%   9/1/2029    630       634
  California GO 5.000%   9/1/2029  1,805     1,816
  California GO 5.000%   9/1/2029  1,430     1,542
  California GO 5.000%   9/1/2029    605       652
  California GO 5.000%   9/1/2029    540       582
6

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO 5.000%   9/1/2029    960     1,035
  California GO 5.000%  10/1/2029  2,020     2,181
  California GO 5.000%  10/1/2029  1,735     1,835
  California GO 5.000%  10/1/2029    110       119
  California GO 5.000%  10/1/2029  2,030     2,192
  California GO 5.000%  10/1/2029  1,315     1,420
  California GO 5.000%  10/1/2029    960     1,037
  California GO 5.000%  10/1/2029     30        32
  California GO 4.000%  11/1/2029    195       204
  California GO 5.000%  11/1/2029  1,010     1,092
  California GO 5.000%  11/1/2029    225       243
  California GO 5.000%  11/1/2029    910       942
  California GO 5.000%  11/1/2029  1,355     1,466
  California GO 5.000%  11/1/2029    780       844
  California GO 5.000%  12/1/2029    755       818
  California GO 5.000%   3/1/2030    805       877
  California GO 5.000%   3/1/2030    130       142
  California GO 5.000%   3/1/2030    195       212
  California GO 5.000%   4/1/2030    920       982
  California GO 5.000%   4/1/2030    135       147
  California GO 5.000%   4/1/2030    955     1,042
  California GO 5.000%   4/1/2030    295       315
  California GO 5.000%   8/1/2030  1,285     1,290
  California GO 5.000%   8/1/2030  2,450     2,518
  California GO 5.000%   8/1/2030  2,390     2,516
  California GO 5.000%   8/1/2030    545       547
  California GO 5.000%   8/1/2030    360       395
  California GO 5.000%   8/1/2030    210       231
  California GO 5.000%   8/1/2030     85        87
  California GO 5.000%   8/1/2030    585       642
  California GO 5.000%   9/1/2030    280       282
  California GO 5.000%   9/1/2030     30        30
  California GO 5.000%   9/1/2030    415       456
  California GO 5.000%   9/1/2030    295       324
  California GO 5.000%   9/1/2030  1,320     1,451
  California GO 5.000%   9/1/2030     25        27
  California GO 5.000%   9/1/2030    715       786
  California GO 5.000%   9/1/2030    245       269
  California GO 5.000%   9/1/2030     60        66
  California GO 5.000%  10/1/2030  1,570     1,693
  California GO 5.000%  10/1/2030    540       571
  California GO 5.000%  10/1/2030    490       539
  California GO 5.000%  10/1/2030    120       132
  California GO 5.000%  10/1/2030    335       369
  California GO 4.000%  11/1/2030    110       116
  California GO 5.000%  11/1/2030  1,035     1,070
  California GO 5.000%  11/1/2030  4,860     5,358
  California GO 5.000%  11/1/2030    815       899
  California GO 5.000%  12/1/2030    650       718
  California GO 5.000%   3/1/2031    940     1,022
  California GO 5.000%   3/1/2031     40        44
  California GO 5.000%   3/1/2031    860       953
  California GO 5.000%   4/1/2031    610       677
  California GO 5.000%   4/1/2031    490       544
  California GO 5.000%   4/1/2031    970     1,035
  California GO 5.000%   4/1/2031  1,615     1,723
  California GO 3.250%   8/1/2031    185       190
  California GO 5.000%   8/1/2031    300       301
  California GO 5.000%   8/1/2031    610       681
  California GO 5.000%   8/1/2031    735       820
  California GO 5.000%   8/1/2031  3,610     4,029
  California GO 5.000%   8/1/2031    140       144
  California GO 5.000%   8/1/2031    620       692
  California GO 4.000%   9/1/2031    250       251
  California GO 4.000%   9/1/2031    125       125
  California GO 5.000%   9/1/2031    185       186
  California GO 5.000%   9/1/2031    365       367
  California GO 5.000%   9/1/2031    330       369
  California GO 5.000%   9/1/2031  1,070     1,196
  California GO 5.000%   9/1/2031  1,340     1,498
7

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO 5.000%   9/1/2031    865       967
  California GO 5.000%   9/1/2031    215       240
  California GO 5.000%   9/1/2031    300       335
  California GO 5.000%   9/1/2031  1,440     1,609
  California GO 5.000%  10/1/2031    955     1,028
  California GO 5.000%  10/1/2031    340       380
  California GO 5.000%  10/1/2031    270       302
  California GO 5.000%  10/1/2031  1,025     1,147
  California GO 5.000%  11/1/2031    115       119
  California GO 5.000%  11/1/2031    375       412
  California GO 5.000%  11/1/2031    960     1,014
  California GO 5.000%  11/1/2031    630       706
  California GO 5.000%  11/1/2031  3,050     3,353
  California GO 5.000%  12/1/2031    395       443
  California GO 5.000%  12/1/2031     25        25
  California GO 5.000%   3/1/2032  1,475     1,599
  California GO 5.000%   3/1/2032     80        87
  California GO 5.000%   3/1/2032    465       524
  California GO 5.000%   4/1/2032    240       256
  California GO 5.000%   4/1/2032  1,825     2,057
  California GO 5.000%   4/1/2032  1,065     1,201
  California GO 5.000%   4/1/2032    355       378
  California GO 4.000%   8/1/2032     85        85
  California GO 5.000%   8/1/2032    245       251
  California GO 5.000%   8/1/2032     90        90
  California GO 5.000%   8/1/2032  1,275     1,444
  California GO 5.000%   8/1/2032    420       476
2 California GO 5.250%   8/1/2032  3,355     3,778
  California GO 2.500%   9/1/2032    270       256
  California GO 3.000%   9/1/2032    550       545
  California GO 3.500%   9/1/2032      5         5
  California GO 4.000%   9/1/2032    145       145
  California GO 4.000%   9/1/2032    285       286
  California GO 4.000%   9/1/2032    200       200
  California GO 4.000%   9/1/2032    225       225
  California GO 5.000%   9/1/2032    115       116
  California GO 5.000%   9/1/2032  1,580     1,589
  California GO 5.000%   9/1/2032  1,270     1,415
  California GO 5.000%   9/1/2032    320       363
  California GO 5.000%   9/1/2032    175       198
  California GO 5.000%   9/1/2032  1,155     1,310
  California GO 5.000%   9/1/2032    895     1,015
  California GO 5.000%   9/1/2032    500       567
  California GO 5.000%   9/1/2032    410       465
  California GO 5.000%  10/1/2032    290       312
  California GO 5.000%  10/1/2032  1,305     1,442
  California GO 5.000%  10/1/2032    100       112
  California GO 5.000%  10/1/2032    530       602
  California GO 5.000%  10/1/2032  1,500     1,703
  California GO 4.000%  11/1/2032     60        61
  California GO 4.000%  11/1/2032      5         5
  California GO 5.000%  11/1/2032    305       322
  California GO 5.000%  11/1/2032    400       439
  California GO 5.000%  11/1/2032  2,145     2,438
  California GO 5.000%  11/1/2032    565       619
  California GO 5.000%  11/1/2032    120       132
  California GO 5.000%  12/1/2032    260       260
  California GO 5.000%   3/1/2033    115       124
  California GO 5.000%   3/1/2033     90        97
  California GO 5.000%   3/1/2033    760       868
  California GO 5.000%   4/1/2033    755       803
  California GO 5.000%   4/1/2033  1,830     2,056
  California GO 5.000%   4/1/2033    335       383
  California GO 5.000%   4/1/2033     30        32
  California GO 4.000%   8/1/2033    250       251
  California GO 4.000%   8/1/2033     25        25
  California GO 5.000%   8/1/2033    105       105
  California GO 5.000%   8/1/2033    200       205
  California GO 5.000%   8/1/2033    925     1,062
  California GO 5.000%   8/1/2033  1,900     2,181
8

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO 5.000%   8/1/2033  1,085     1,245
  California GO 5.000%   8/1/2033  1,410     1,618
  California GO 5.000%   8/1/2033  2,315     2,657
  California GO 5.000%   8/1/2033      5         5
  California GO 5.000%   8/1/2033    695       698
  California GO 5.000%   8/1/2033    130       130
  California GO 3.000%   9/1/2033    410       404
  California GO 4.000%   9/1/2033    235       235
  California GO 4.000%   9/1/2033    520       521
  California GO 4.000%   9/1/2033    280       280
  California GO 4.000%   9/1/2033    225       241
  California GO 5.000%   9/1/2033    170       171
  California GO 5.000%   9/1/2033    540       610
  California GO 5.000%   9/1/2033  1,395     1,602
  California GO 5.000%   9/1/2033  1,155     1,327
  California GO 5.000%   9/1/2033    520       597
  California GO 5.000%   9/1/2033    185       213
  California GO 5.000%   9/1/2033    560       643
  California GO 3.000%  10/1/2033    265       264
  California GO 4.000%  10/1/2033    685       719
  California GO 5.000%  10/1/2033    370       422
  California GO 5.000%  10/1/2033     25        29
  California GO 4.000%  11/1/2033     75        76
  California GO 5.000%   3/1/2034    315       340
  California GO 5.000%   3/1/2034    215       232
  California GO 4.000%   8/1/2034    295       296
  California GO 4.000%   8/1/2034  1,455     1,565
  California GO 5.000%   8/1/2034    105       105
  California GO 5.000%   8/1/2034    455       527
  California GO 5.000%   8/1/2034  1,245     1,443
  California GO 4.000%   9/1/2034    140       140
  California GO 4.000%   9/1/2034    615       616
  California GO 4.000%   9/1/2034     90        90
  California GO 4.000%   9/1/2034    750       807
  California GO 5.000%   9/1/2034    270       271
  California GO 5.000%   9/1/2034     50        50
  California GO 5.000%   9/1/2034    140       157
  California GO 5.000%   9/1/2034    325       371
  California GO 5.000%   9/1/2034  1,155     1,340
  California GO 5.000%   9/1/2034    780       905
  California GO 5.000%   9/1/2034  1,400     1,624
  California GO 5.000%   9/1/2034      5         5
  California GO 3.000%  10/1/2034  1,655     1,636
  California GO 4.000%  10/1/2034  1,400     1,439
  California GO 4.000%  10/1/2034    520       544
  California GO 5.000%  10/1/2034    455       516
  California GO 3.000%  11/1/2034    510       508
  California GO 4.000%  11/1/2034    325       329
  California GO 4.000%  11/1/2034    300       313
  California GO 5.000%  11/1/2034     45        47
  California GO 5.000%  12/1/2034    135       147
  California GO 5.000%   3/1/2035    230       248
  California GO 5.000%   3/1/2035  2,725     2,936
  California GO 5.000%   3/1/2035  2,585     3,018
  California GO 3.125%   4/1/2035     25        25
  California GO 5.000%   4/1/2035    550       582
  California GO 5.000%   4/1/2035    420       469
  California GO 5.000%   4/1/2035  1,275     1,341
  California GO 3.500%   8/1/2035    285       285
  California GO 4.000%   8/1/2035  1,150     1,153
  California GO 5.000%   8/1/2035     75        75
  California GO 5.000%   8/1/2035  1,040     1,064
  California GO 5.000%   8/1/2035     40        46
  California GO 5.000%   8/1/2035  1,260     1,476
  California GO 5.000%   8/1/2035      5         5
  California GO 3.000%   9/1/2035     50        48
  California GO 4.000%   9/1/2035    145       145
  California GO 4.000%   9/1/2035  1,000     1,001
  California GO 4.000%   9/1/2035     75        75
  California GO 5.000%   9/1/2035  1,480     1,487
9

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO 5.000%   9/1/2035    130       131
  California GO 5.000%   9/1/2035    330       370
  California GO 5.000%   9/1/2035    625       701
  California GO 5.000%   9/1/2035     85        97
  California GO 5.000%   9/1/2035    785       900
  California GO 5.000%   9/1/2035    985     1,130
  California GO 3.000%  10/1/2035    495       486
  California GO 4.000%  10/1/2035    575       599
  California GO 5.000%  10/1/2035  3,000     3,393
  California GO 5.000%  10/1/2035  2,000     2,346
  California GO 5.000%  10/1/2035      5         5
  California GO 4.000%  11/1/2035    230       232
  California GO 4.000%  11/1/2035  1,080     1,121
  California GO 5.000%  11/1/2035     50        51
  California GO 5.000%  11/1/2035  1,500     1,736
  California GO 5.000%  12/1/2035    865       942
  California GO 4.000%   3/1/2036  5,370     5,539
  California GO 5.000%   3/1/2036    430       462
  California GO 5.000%   3/1/2036     25        29
  California GO 5.000%   4/1/2036  2,130     2,251
  California GO 4.000%   8/1/2036     60        64
  California GO 4.000%   8/1/2036    330       331
  California GO 4.000%   8/1/2036      5         5
  California GO 5.000%   8/1/2036    595       623
  California GO 5.000%   8/1/2036    255       261
  California GO 5.000%   8/1/2036    940     1,074
  California GO 5.000%   8/1/2036  1,000     1,158
  California GO 5.000%   8/1/2036    840       843
  California GO 4.000%   9/1/2036    405       405
  California GO 4.000%   9/1/2036    740       741
  California GO 5.000%   9/1/2036    745       749
  California GO 5.000%   9/1/2036    975     1,084
  California GO 5.000%   9/1/2036    260       261
  California GO 5.000%   9/1/2036  1,935     2,183
  California GO 5.000%   9/1/2036    735       835
  California GO 5.000%   9/1/2036    795       903
  California GO 3.000%  10/1/2036    965       923
  California GO 4.000%  10/1/2036    515       526
  California GO 4.000%  10/1/2036    880       913
  California GO 5.000%  10/1/2036  1,955     2,191
  California GO 4.000%  11/1/2036     30        30
  California GO 4.000%  11/1/2036    115       119
  California GO 5.000%  11/1/2036    655       689
  California GO 5.000%  11/1/2036     95       103
  California GO 5.000%  11/1/2036  1,000     1,145
  California GO 5.000%  12/1/2036    280       304
  California GO 4.000%   3/1/2037    480       492
  California GO 5.000%   3/1/2037  2,620     3,013
  California GO 5.000%   4/1/2037    165       182
  California GO 4.000%   8/1/2037    135       135
  California GO 4.000%   8/1/2037     10        10
  California GO 5.000%   8/1/2037    945       987
  California GO 5.000%   8/1/2037  2,060     2,346
  California GO 4.000%   9/1/2037    390       390
  California GO 4.000%   9/1/2037    620       649
  California GO 5.000%   9/1/2037     65        65
  California GO 5.000%   9/1/2037  2,063     2,319
  California GO 5.000%   9/1/2037  2,125     2,405
  California GO 3.000%  10/1/2037  1,315     1,234
  California GO 4.000%  10/1/2037    185       188
  California GO 4.000%  10/1/2037    800       824
  California GO 5.000%  10/1/2037    835       916
  California GO 4.000%  11/1/2037    365       375
  California GO 4.000%  11/1/2037     60        60
  California GO 5.000%  11/1/2037     25        26
  California GO 5.000%  11/1/2037     75        77
  California GO 5.000%  11/1/2037  4,470     4,964
  California GO 5.000%  11/1/2037    400       456
  California GO 4.000%   3/1/2038    620       633
  California GO 5.000%   3/1/2038  1,640     1,876
10

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO 5.000%   4/1/2038     65        68
  California GO 4.000%   8/1/2038    565       565
  California GO 5.000%   8/1/2038     90        90
  California GO 5.000%   9/1/2038  1,530     1,712
  California GO 4.000%  11/1/2038    750       767
  California GO 5.000%   8/1/2039    740       834
  California GO 5.000%   8/1/2039  1,135     1,295
  California GO 5.000%   9/1/2039  1,795     1,975
  California GO 5.000%   9/1/2039  1,920     2,153
  California GO 5.000%   9/1/2039  1,035     1,161
  California GO 4.000%  10/1/2039  2,590     2,624
  California GO 4.000%  10/1/2039     30        31
  California GO 5.000%  10/1/2039    900       997
  California GO 5.000%  10/1/2039  1,340     1,464
  California GO 5.000%  10/1/2039    580       666
  California GO 4.000%  11/1/2039    370       377
  California GO 5.000%  11/1/2039     70        73
  California GO 5.000%  11/1/2039  1,620     1,830
  California GO 4.000%   3/1/2040    710       722
  California GO 5.000%  10/1/2040  1,865     2,135
  California GO 3.000%  11/1/2040    185       169
  California GO 5.000%   8/1/2041    500       566
  California GO 5.000%   9/1/2041  2,815     3,053
  California GO 5.000%   9/1/2041    120       134
  California GO 4.000%  10/1/2041  2,265     2,302
  California GO 4.000%  10/1/2041    690       711
  California GO 5.000%  10/1/2041  1,215     1,310
  California GO 3.000%  11/1/2041    340       307
  California GO 5.000%  11/1/2041  1,000     1,122
  California GO 5.000%   3/1/2042  1,360     1,521
  California GO 4.000%   4/1/2042    550       557
  California GO 5.000%   4/1/2042  1,375     1,403
  California GO 5.000%   4/1/2042    555       601
  California GO 5.000%   8/1/2042  1,235     1,387
  California GO 4.000%   9/1/2042  1,115     1,131
  California GO 5.000%   9/1/2042    965     1,050
  California GO 4.000%  10/1/2042    720       731
  California GO 5.000%  10/1/2042    855       893
  California GO 5.000%  10/1/2042  2,465     2,700
  California GO 5.000%  10/1/2042    700       792
  California GO 5.000%  11/1/2042  2,080     2,268
  California GO 4.000%   2/1/2043    330       330
  California GO 5.000%   3/1/2043  1,000     1,111
  California GO 4.000%   4/1/2043    550       550
  California GO 5.000%   8/1/2043  1,000     1,116
  California GO 4.000%   9/1/2043  2,870     2,900
  California GO 4.000%   9/1/2043    100       101
  California GO 5.000%   9/1/2043  2,445     2,676
  California GO 5.000%   9/1/2043  1,025     1,128
  California GO 5.000%   9/1/2043  1,035     1,139
  California GO 5.000%  10/1/2043  1,020     1,145
  California GO 2.250%  11/1/2043    110        82
  California GO 5.000%  11/1/2043  1,165     1,290
  California GO 2.375%  12/1/2043    260       197
  California GO 3.000%  12/1/2043     25        22
  California GO 5.000%  12/1/2043    910       967
  California GO 5.000%   3/1/2044  1,930     2,124
  California GO 4.000%   8/1/2044    250       251
  California GO 5.000%   8/1/2044    460       504
  California GO 5.000%   8/1/2044  1,675     1,850
  California GO 5.250%   8/1/2044  2,475     2,756
  California GO 5.000%   9/1/2044  1,130     1,232
  California GO 5.000%   9/1/2044    915       998
  California GO 4.000%  10/1/2044  1,315     1,316
  California GO 4.000%  10/1/2044    315       315
  California GO 5.000%  10/1/2044    955     1,061
  California GO 4.000%  11/1/2044  1,020     1,019
  California GO 4.000%   3/1/2045    225       223
  California GO 4.125%   3/1/2045  1,000     1,008
  California GO 5.000%   3/1/2045    250       273
11

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO 3.250%   4/1/2045    895       777
  California GO 5.000%   4/1/2045  1,015     1,053
  California GO 4.000%   8/1/2045    560       556
  California GO 5.000%   8/1/2045  2,095     2,298
  California GO 4.000%   9/1/2045    465       462
  California GO 5.000%   9/1/2045    940       942
  California GO 5.000%  10/1/2045    715       769
  California GO 5.000%  10/1/2045  1,535     1,693
  California GO 5.250%  10/1/2045  2,065     2,254
  California GO 4.000%  11/1/2045    500       497
  California GO 3.000%   3/1/2046  1,315     1,071
  California GO 4.000%   3/1/2046     60        60
  California GO 4.000%   8/1/2046    250       246
  California GO 5.000%   8/1/2046    425       426
  California GO 3.000%   9/1/2046  1,045       850
  California GO 4.000%   9/1/2046    225       222
  California GO 5.000%   9/1/2046  2,595     2,600
  California GO 2.375%  10/1/2046    785       554
  California GO 5.000%  10/1/2046  1,360     1,487
  California GO 5.000%  11/1/2046  1,500     1,623
  California GO 3.000%  12/1/2046  1,145       929
  California GO 5.000%   4/1/2047  1,635     1,729
  California GO 4.000%   9/1/2047    255       252
  California GO 5.250%   9/1/2047  2,855     3,073
  California GO 3.625%  10/1/2047    525       475
  California GO 5.000%  10/1/2047  1,740     1,898
  California GO 4.000%  11/1/2047    795       781
  California GO 5.000%  11/1/2047    215       218
  California GO 5.000%   9/1/2048  1,820     1,941
  California GO 5.000%  10/1/2048    365       373
  California GO 5.000%  10/1/2048    970     1,049
  California GO 4.125%   3/1/2049  1,035     1,031
  California GO 5.000%   3/1/2049  1,460     1,563
  California GO 4.000%   4/1/2049  2,420     2,365
  California GO 4.000%   4/1/2049     15        15
  California GO 5.000%   4/1/2049    110       113
  California GO 4.000%   8/1/2049    905       884
  California GO 5.000%   8/1/2049    100       107
  California GO 5.500%   8/1/2049    270       298
  California GO 3.000%  10/1/2049    905       713
  California GO 2.500%  12/1/2049  1,170       794
  California GO 3.000%  12/1/2049     50        39
  California GO 2.500%   3/1/2050  1,330       894
  California GO 3.000%   3/1/2050    165       129
  California GO 3.000%   3/1/2050    860       671
  California GO 4.000%   3/1/2050    365       355
  California GO 5.000%   8/1/2050  3,010     3,221
  California GO 4.000%  10/1/2050  1,780     1,732
  California GO 5.250%  10/1/2050  1,000     1,071
  California GO 3.000%  11/1/2050  2,485     1,933
  California GO 4.000%  11/1/2050     10        10
  California GO 5.000%  11/1/2050  1,630     1,736
  California GO 2.375%  10/1/2051  1,485       950
  California GO 4.125%  10/1/2051    750       742
  California GO 5.250%  10/1/2051  2,975     3,256
  California GO 3.000%   4/1/2052  2,300     1,765
  California GO 4.000%   9/1/2052    350       337
  California GO 4.250%   9/1/2052    125       125
  California GO 5.000%   9/1/2052  1,485     1,553
  California GO 5.000%  11/1/2052  1,000     1,059
  California GO 5.000%   9/1/2053  1,455     1,531
  California GO 5.250%   9/1/2053  2,915     3,108
  California GO 4.000%   8/1/2054    265       254
  California GO 5.250%   8/1/2054  1,155     1,237
  California GO 5.500%   8/1/2054  1,170     1,276
  California GO 5.000%   3/1/2055  4,285     4,513
  California GO 5.250%   8/1/2055  1,785     1,920
  California GO 5.000%  11/1/2055  1,000     1,052
  California GO 5.000%  10/1/2056  3,825     4,039
  California GO, ETM 4.000%  11/1/2030     10        11
12

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO, Prere. 4.000%   3/1/2030     40        42
  California GO, Prere. 5.000%   3/1/2030     25        27
  California GO, Prere. 4.000%  11/1/2030     10        11
  California GO, Prere. 4.000%  11/1/2030     20        21
  California GO, Prere. 5.000%  11/1/2030      5         6
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/2026     90        91
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2029    280       297
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2049     50        51
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2054    100       101
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/2059     75        76
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/2042    200       206
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/2045    105       114
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/2047    355       362
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/2050    240       253
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/2052    835       847
  California Infrastructure & Economic Development Bank College & University Revenue 4.500%  5/15/2055    770       774
  California Infrastructure & Economic Development Bank College & University Revenue 5.250%  5/15/2059  1,995     2,107
6 California Infrastructure & Economic Development Bank Highway Revenue, Prere. 5.125%   7/1/2026    425       426
7 California Infrastructure & Economic Development Bank Highway Revenue, Prere. 5.000%   1/1/2028  1,380     1,434
6 California Infrastructure & Economic Development Bank Highway Revenue, Prere. 5.000%   1/1/2028    870       906
6 California Infrastructure & Economic Development Bank Highway Revenue, Prere. 5.000%   1/1/2028    750       781
  California Infrastructure & Economic Development Bank Intergovernmental Agreement Revenue 5.000%  10/1/2047    575       609
  California Infrastructure & Economic Development Bank Intergovernmental Agreement Revenue 5.000%  10/1/2052    190       198
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/2044    210       219
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/2049  2,645     2,717
  California Infrastructure & Economic Development Bank Miscellaneous Revenue, Prere. 4.000%  10/1/2026    235       236
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   6/1/2028    120       127
  California Infrastructure & Economic Development Bank Recreational Revenue 4.000%   2/1/2033    100       100
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   6/1/2033    325       377
  California Infrastructure & Economic Development Bank Recreational Revenue 4.000%  11/1/2045  1,480     1,447
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2026    210       212
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2026    125       126
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2027    190       194
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2027    385       399
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2027     90        93
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2028    915       960
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2028    350       358
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2028    640       680
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2028     55        58
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2029    315       330
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2029    690       705
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2029    470       511
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2030    820       838
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2030    625       655
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2030    275       306
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2031  1,070     1,120
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2031    605       685
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2031    120       123
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2031     10        11
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2032    440       460
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2032    745       858
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2032    280       322
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2033     35        40
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2033    670       699
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2033     10        12
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2034    230       263
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2034    245       255
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2034    435       512
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2035    190       198
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2035     15        17
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2036    415       470
  California Infrastructure & Economic Development Bank Water Revenue 4.000%  10/1/2037    280       295
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2037    170       199
  California Infrastructure & Economic Development Bank Water Revenue 4.000%  10/1/2038     20        21
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2038  1,000     1,161
  California Infrastructure & Economic Development Bank Water Revenue 4.000%  10/1/2039     10        10
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2039     10        12
  California Infrastructure & Economic Development Bank Water Revenue 4.000%  10/1/2040    500       516
  California Infrastructure & Economic Development Bank Water Revenue 4.000%  10/1/2041    115       118
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/2041     70        80
13

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Infrastructure & Economic Development Bank Water Revenue 4.000%  10/1/2042    205       209
  California Infrastructure & Economic Development Bank Water Revenue 4.000%  10/1/2044    610       616
  California Infrastructure & Economic Development Bank Water Revenue 4.000%  10/1/2044    710       720
  California Infrastructure & Economic Development Bank Water Revenue 4.000%  10/1/2045    700       705
  California Infrastructure & Economic Development Bank Water Revenue 4.000%  10/1/2046    710       709
  California Infrastructure & Economic Development Bank Water Revenue 4.000%  10/1/2046    800       799
  California Infrastructure & Economic Development Bank Water Revenue 4.000%  10/1/2047     20        20
  California Infrastructure & Economic Development Bank Water Revenue 4.125%  10/1/2047  1,000     1,002
  California Infrastructure & Economic Development Bank Water Revenue 4.000%  10/1/2048     50        49
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/2043    140       141
  California Municipal Finance Authority College & University Revenue 4.000%   6/1/2047    280       254
  California Municipal Finance Authority College & University Revenue 5.250%   6/1/2053    480       495
  California Municipal Finance Authority College & University Revenue, Prere. 4.000%   1/1/2028     75        77
  California Municipal Finance Authority College & University Revenue, Prere. 4.000%   1/1/2028     85        87
  California Municipal Finance Authority College & University Revenue, Prere. 5.000%   1/1/2028    125       130
  California Municipal Finance Authority Intergovernmental Agreement Revenue 5.000%   6/1/2032  1,435     1,502
  California Municipal Finance Authority Intergovernmental Agreement Revenue (Orange County Civic Center Infrastructure Improvement Program - Phase II) 5.000%   6/1/2043  3,855     3,970
  California Municipal Finance Authority Intergovernmental Agreement Revenue (Orange County Civic Center Infrastructure Improvement Program - Phase II) 5.000%   6/1/2048  1,040     1,058
  California Municipal Finance Authority Lease (Abatement) Revenue (Orange County Civic Center Infrastructure Improvement Program - Phase II) 5.000%   6/1/2042  1,370     1,393
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2029    350       368
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2036    845       872
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2037    330       340
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2039  1,000     1,027
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2040  1,500     1,538
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2043    325       331
5 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2046    795       757
5 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2048    250       230
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2048    850       856
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2049    500       502
5 California Municipal Finance Authority Local or Guaranteed Housing Revenue 3.000%  5/15/2051     60        45
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2051     70        70
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2052    500       500
5 California Municipal Finance Authority Local or Guaranteed Housing Revenue 3.000%  5/15/2054    510       371
  California Municipal Finance Authority Transit Revenue 5.000%  6/30/2032  3,015     3,245
  California Municipal Finance Authority Transit Revenue 5.000%   9/1/2046    215       230
  California Municipal Finance Authority Transit Revenue 5.250%   9/1/2051  1,210     1,286
  California Municipal Finance Authority Transit Revenue 5.500%   9/1/2056  1,420     1,532
  California Municipal Finance Authority Transit Revenue 5.000%   9/1/2060  1,000     1,034
  California Municipal Finance Authority Transit Revenue 5.500%   9/1/2060  1,000     1,078
1 California Public Finance Authority Health, Hospital, Nursing Home Revenue VRDO 2.300%   6/1/2026  3,100     3,100
2 California School Facilities Financing Authority Intergovernmental Agreement Revenue 0.000%   8/1/2049  4,785     1,477
  California State Public Works Board Intergovernmental Agreement Revenue 5.000%  11/1/2028    100       106
  California State Public Works Board Lease (Abatement) Revenue 5.000%   6/1/2026    245       245
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/2026  1,095     1,099
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/2026    315       318
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/2027    425       438
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/2027    265       274
  California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/2028    345       360
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/2028  1,285     1,353
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/2028    370       382
  California State Public Works Board Lease (Abatement) Revenue 3.000%  12/1/2028    265       265
  California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/2029    365       388
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/2029     85        91
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/2029    780       805
  California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/2030  1,245     1,351
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/2030    530       581
  California State Public Works Board Lease (Abatement) Revenue 3.250%  12/1/2030    270       270
  California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/2031    390       431
  California State Public Works Board Lease (Abatement) Revenue 5.000%   3/1/2031     10        10
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/2031    725       807
  California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/2032    730       818
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/2032    565       627
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2033    110       112
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/2033    570       630
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/2034    640       705
  California State Public Works Board Lease (Abatement) Revenue 4.000%  12/1/2034     20        20
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/2035  1,005     1,103
14

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California State Public Works Board Lease (Abatement) Revenue 3.500%  12/1/2035    515       510
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2036  1,595     1,816
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/2036    440       481
  California State Public Works Board Lease (Abatement) Revenue 4.000%   4/1/2037     50        50
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2037    365       413
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2038  1,015     1,143
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2039    120       134
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2041    660       732
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2042  1,240     1,367
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/2042     35        35
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2043  1,045     1,147
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/2043    820       818
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2044    390       425
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/2044  1,120     1,112
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2045    205       221
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/2045    150       148
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/2046     70        69
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/2047    285       275
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/2049    660       695
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2026  4,000     4,025
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2027  2,000     2,064
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2030  1,025     1,124
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2034    560       646
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2035  1,000     1,164
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2036    545       631
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2037  1,130     1,300
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2038  1,020     1,166
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2040    835       943
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2042  1,000     1,118
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2043  1,000     1,113
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2046  1,000     1,080
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2047    550       589
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 5.000%   9/1/2048    375       399
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2026    155       156
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2026    680       684
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2026  1,710     1,728
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2026    700       707
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  12/1/2026     70        71
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2027     55        57
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2027    465       480
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2027     40        41
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2027    110       111
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  12/1/2027     10        10
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   5/1/2028    100       105
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2028    505       533
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2028    305       322
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2028    520       550
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2028    125       126
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  12/1/2028  1,230     1,304
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2029    480       517
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2029  1,460     1,572
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2029    145       157
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2029     50        50
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2029     75        81
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  12/1/2029    120       130
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2030     80        88
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2030    470       516
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2030    430       465
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2030  1,010     1,111
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  12/1/2030    440       485
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   4/1/2031     40        40
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2031    360       401
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%  11/1/2031    120       120
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2031    895       966
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2031     10        10
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   4/1/2032     80        80
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2032    165       186
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2032    320       361
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2032    500       565
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%  11/1/2032     65        65
15

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2032    110       119
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  12/1/2032    430       487
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   4/1/2033    130       130
5 California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 3.125%   5/1/2033    190       187
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2033    435       497
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2033  1,250     1,429
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2033    280       301
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2033     65        66
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2033    100       115
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2033    495       567
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  12/1/2033    150       169
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   5/1/2034    165       181
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2034    770       889
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2034    825       938
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2034     30        32
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2034     20        20
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  12/1/2034    200       225
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   5/1/2035     60        66
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2035    185       209
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2035    200       230
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2035    500       583
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  12/1/2035    210       235
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/2036    110       127
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   5/1/2036    400       415
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2036    165       186
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2036    315       360
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2036     35        41
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  12/1/2036    315       351
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2037    330       375
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2037    115       129
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2037    375       427
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.250%   4/1/2038    500       581
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2038     50        56
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2038    865       977
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2038  2,000     2,262
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2038    200       229
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2038      5         6
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.250%   4/1/2039    290       334
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2039    490       550
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 3.000%  11/1/2039    190       179
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2039    200       227
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   5/1/2040     10        10
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2040    720       814
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2041    300       339
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/2043    150       166
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.500%  11/1/2043    265       273
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/2044    140       154
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2044    265       277
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2044    135       146
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/2045    115       114
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/2045     30        33
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2045    180       194
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2045    545       596
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   5/1/2046  1,050     1,028
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2046    610       659
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2047    750       804
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  12/1/2047    135       142
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2049    500       531
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%  11/1/2049    340       326
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/2050  1,280     1,353
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/2050    280       297
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2050    500       530
  California State Public Works Board Lease (Abatement) Revenue, ETM 5.000%  10/1/2026     15        15
  California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/2026     85        85
  California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/2027    130       134
  California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/2028     90        95
  California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/2029     65        70
  California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/2030     20        22
  California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/2031    465       517
  California State Public Works Board Lease (Appropriation) Revenue 5.000%  11/1/2031    445       497
16

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/2032  1,385     1,536
  California State Public Works Board Lease (Appropriation) Revenue 5.000%  11/1/2032     40        45
  California State Public Works Board Lease (Appropriation) Revenue 5.000%  11/1/2033     50        55
  California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/2034  1,065     1,173
  California State Public Works Board Lease (Appropriation) Revenue 5.000%  11/1/2034    240       265
  California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/2035    190       209
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/2035     75        78
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/2036    645       670
  California State Public Works Board Lease (Appropriation) Revenue 4.000%   8/1/2037    395       408
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/2038    340       349
  California State Public Works Board Lease (Appropriation) Revenue 5.000%  11/1/2040    560       606
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/2041    305       308
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/2046  1,100     1,077
  California State Public Works Board Lease (Appropriation) Revenue 5.000%  11/1/2046  1,540     1,620
  California State Public Works Board Lease (Appropriation) Revenue (Various Capital Projects) 5.000%  11/1/2046    225       237
  California State University College & University Revenue 5.000%  11/1/2026     90        91
  California State University College & University Revenue 5.000%  11/1/2026    165       165
  California State University College & University Revenue 5.000%  11/1/2026    135       136
  California State University College & University Revenue 5.000%  11/1/2027    325       331
  California State University College & University Revenue 5.000%  11/1/2027    780       781
  California State University College & University Revenue 5.000%  11/1/2027  1,175     1,219
  California State University College & University Revenue 5.000%  11/1/2028    580       581
  California State University College & University Revenue 5.000%  11/1/2028    800       820
  California State University College & University Revenue 5.000%  11/1/2028  1,050     1,117
  California State University College & University Revenue 5.000%  11/1/2029    465       476
  California State University College & University Revenue 5.000%  11/1/2029    550       551
  California State University College & University Revenue 5.000%  11/1/2029    295       321
  California State University College & University Revenue 5.000%  11/1/2030    615       629
  California State University College & University Revenue 5.000%  11/1/2030  1,075     1,077
  California State University College & University Revenue 5.000%  11/1/2030  1,350     1,499
  California State University College & University Revenue 5.000%  11/1/2030      5         5
  California State University College & University Revenue 5.000%  11/1/2031    570       582
  California State University College & University Revenue 5.000%  11/1/2031    825       827
  California State University College & University Revenue 5.000%  11/1/2031      5         5
  California State University College & University Revenue 5.000%  11/1/2032    620       633
  California State University College & University Revenue 5.000%  11/1/2032  1,170     1,172
  California State University College & University Revenue 5.000%  11/1/2032    650       743
  California State University College & University Revenue 5.000%  11/1/2032     10        10
  California State University College & University Revenue 3.000%  11/1/2033    320       316
  California State University College & University Revenue 5.000%  11/1/2033    775       791
  California State University College & University Revenue 5.000%  11/1/2033    225       225
  California State University College & University Revenue 4.000%  11/1/2034    180       180
  California State University College & University Revenue 4.000%  11/1/2034     10        10
  California State University College & University Revenue 5.000%  11/1/2034    505       515
  California State University College & University Revenue 5.000%  11/1/2034    150       158
  California State University College & University Revenue 5.000%  11/1/2034      5         6
  California State University College & University Revenue 5.000%  11/1/2035    720       734
  California State University College & University Revenue 5.000%  11/1/2035    525       553
  California State University College & University Revenue 5.000%  11/1/2035    100       116
  California State University College & University Revenue 3.125%  11/1/2036    660       632
  California State University College & University Revenue 4.000%  11/1/2036      5         5
  California State University College & University Revenue 5.000%  11/1/2036     70        71
  California State University College & University Revenue 5.000%  11/1/2036    155       155
  California State University College & University Revenue 5.000%  11/1/2036    545       573
  California State University College & University Revenue 5.000%  11/1/2036     10        12
  California State University College & University Revenue 5.000%  11/1/2036    500       585
  California State University College & University Revenue 3.200%  11/1/2037    315       302
  California State University College & University Revenue 4.000%  11/1/2037  1,500     1,500
  California State University College & University Revenue 5.000%  11/1/2037    600       611
  California State University College & University Revenue 5.000%  11/1/2037  1,405     1,475
  California State University College & University Revenue 5.000%  11/1/2037      5         6
  California State University College & University Revenue 4.000%  11/1/2038    650       650
  California State University College & University Revenue 5.000%  11/1/2038     40        42
  California State University College & University Revenue 5.000%  11/1/2038     20        23
  California State University College & University Revenue 5.000%  11/1/2038      5         5
  California State University College & University Revenue 5.000%  11/1/2039     50        57
  California State University College & University Revenue 5.000%  11/1/2039  1,000     1,147
  California State University College & University Revenue 5.000%  11/1/2039      5         5
  California State University College & University Revenue 5.000%  11/1/2040     10        11
  California State University College & University Revenue 5.000%  11/1/2040    375       428
17

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California State University College & University Revenue 5.000%  11/1/2041  3,305     3,309
  California State University College & University Revenue 5.000%  11/1/2041    180       202
  California State University College & University Revenue 5.000%  11/1/2042  2,500     2,537
  California State University College & University Revenue 5.000%  11/1/2042    100       112
  California State University College & University Revenue 4.000%  11/1/2043    205       205
  California State University College & University Revenue 5.000%  11/1/2043     15        16
  California State University College & University Revenue 5.000%  11/1/2043  1,305     1,448
  California State University College & University Revenue 5.000%  11/1/2043    500       560
  California State University College & University Revenue 5.000%  11/1/2043     15        15
  California State University College & University Revenue 5.000%  11/1/2044    285       298
  California State University College & University Revenue 5.000%  11/1/2044    855       941
  California State University College & University Revenue 5.000%  11/1/2044  1,530     1,699
  California State University College & University Revenue 4.000%  11/1/2045  1,065     1,051
  California State University College & University Revenue 5.000%  11/1/2045  1,040     1,041
  California State University College & University Revenue 5.000%  11/1/2045     15        16
  California State University College & University Revenue 5.500%  11/1/2045    455       514
  California State University College & University Revenue 3.000%  11/1/2046  1,160       933
  California State University College & University Revenue 5.000%  11/1/2046  1,440     1,569
  California State University College & University Revenue 5.500%  11/1/2046     95       106
  California State University College & University Revenue 5.000%  11/1/2047     90        91
  California State University College & University Revenue 5.000%  11/1/2047    725       783
  California State University College & University Revenue 5.000%  11/1/2048    805       823
  California State University College & University Revenue 5.250%  11/1/2048    805       867
  California State University College & University Revenue 4.000%  11/1/2049  1,100     1,053
  California State University College & University Revenue 5.000%  11/1/2049    230       237
  California State University College & University Revenue 5.500%  11/1/2049    715       788
  California State University College & University Revenue 5.000%  11/1/2050  1,060     1,082
  California State University College & University Revenue 5.250%  11/1/2050  1,550     1,686
  California State University College & University Revenue 3.000%  11/1/2052    975       721
  California State University College & University Revenue 5.250%  11/1/2053  2,830     3,021
  California State University College & University Revenue 4.000%  11/1/2055    605       563
  California State University College & University Revenue 5.500%  11/1/2055  1,000     1,092
  California State University College & University Revenue 4.625%  11/1/2056    665       673
  California State University College & University Revenue 5.250%  11/1/2056  1,000     1,078
  California State University College & University Revenue PUT 0.550%  11/1/2026    385       381
  California State University College & University Revenue PUT 3.125%  11/1/2026  1,300     1,298
  California State University Local or Guaranteed Housing Revenue 4.000%  11/1/2045  2,100     2,081
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/2051  2,000     1,498
  California State University Local or Guaranteed Housing Revenue 4.000%  11/1/2051    435       412
  California Statewide Communities Development Authority College & University Revenue 5.000%  5/15/2042  1,430     1,441
  California Statewide Communities Development Authority College & University Revenue 5.000%  5/15/2047     25        25
  California Statewide Communities Development Authority College & University Revenue 5.000%  5/15/2050    200       200
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 3.250%  5/15/2031    430       429
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2034     70        70
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 3.500%  5/15/2036    965       948
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2040    715       716
5 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.000%  5/15/2046    350       335
5 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 3.000%  5/15/2054    365       268
  Campbell Union High School District GO, Prere. 4.000%   8/1/2026     45        45
  Campbell Union High School District GO, Prere. 4.000%   8/1/2026     85        85
  Campbell Union High School District GO, Prere. 5.000%   8/1/2026     90        90
  Campbell Union High School District GO, Prere. 5.000%   8/1/2026     70        70
  Campbell Union High School District GO, Prere. 5.000%   8/1/2026    150       151
  Campbell Union High School District GO, Prere. 5.000%   8/1/2026    175       176
  Campbell Union School District GO 0.000%   8/1/2040    100        58
2 Centinela Valley Union High School District GO 3.000%   8/1/2044    635       535
2 Centinela Valley Union High School District GO 4.000%   8/1/2047    345       332
2 Centinela Valley Union High School District GO 4.000%   8/1/2050    760       724
  Cerritos Community College District GO 0.000%   8/1/2026  1,900     1,892
  Cerritos Community College District GO 0.000%   8/1/2029  1,000       918
  Cerritos Community College District GO 5.000%   8/1/2031  1,000     1,127
  Cerritos Community College District GO 3.000%   8/1/2044    550       465
  Cerritos Community College District GO 4.000%   8/1/2049    670       649
  Cerritos Community College District GO 5.000%   8/1/2051    395       420
  Cerritos Community College District GO 5.000%   8/1/2056    740       782
  Chabot-Las Positas Community College District GO 5.000%   8/1/2026    270       271
  Chabot-Las Positas Community College District GO 5.000%   8/1/2027    125       129
  Chabot-Las Positas Community College District GO 5.000%   8/1/2028    500       528
  Chabot-Las Positas Community College District GO 4.000%   8/1/2033    850       852
  Chabot-Las Positas Community College District GO 4.000%   8/1/2034    125       125
18

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Chabot-Las Positas Community College District GO 5.000%   8/1/2034    500       583
  Chabot-Las Positas Community College District GO 4.000%   8/1/2035    315       316
  Chabot-Las Positas Community College District GO 5.000%   8/1/2035    385       453
  Chabot-Las Positas Community College District GO 4.000%   8/1/2037  1,400     1,403
  Chabot-Las Positas Community College District GO 4.000%   8/1/2042    540       540
  Chabot-Las Positas Community College District GO 5.000%   8/1/2042    500       569
  Chabot-Las Positas Community College District GO 5.000%   8/1/2044    280       314
  Chabot-Las Positas Community College District GO 5.000%   8/1/2046  1,000     1,096
  Chabot-Las Positas Community College District GO 4.000%   8/1/2047    195       190
  Chabot-Las Positas Community College District GO 5.000%   8/1/2047    740       804
  Chabot-Las Positas Community College District GO 5.000%   8/1/2048    365       395
  Chabot-Las Positas Community College District GO 5.250%   8/1/2048     60        65
  Chaffey Community College District GO 5.500%   6/1/2049    635       702
  Chaffey Community College District GO, Prere. 4.000%   6/1/2028    135       139
  Chaffey Community College District GO, Prere. 5.000%   6/1/2028    235       247
  Chaffey Joint Union High School District GO 0.000%   8/1/2026    630       626
  Chaffey Joint Union High School District GO 0.000%   8/1/2036    850       582
  Chaffey Joint Union High School District GO 0.000%   8/1/2040    200       112
  Chaffey Joint Union High School District GO 4.000%   8/1/2052    720       683
  Chaffey Joint Union High School District GO 4.000%   8/1/2054  1,000       943
  Chico Unified School District GO 4.500%   8/1/2049  1,400     1,410
  Chino Valley Unified School District GO 0.000%   8/1/2036    185       128
  Chino Valley Unified School District GO 0.000%   8/1/2040    100        56
  Chino Valley Unified School District GO 0.000%   8/1/2042  2,000     1,008
  Chino Valley Unified School District GO 0.000%   8/1/2045    455       193
  Chino Valley Unified School District GO 4.000%   8/1/2045    940       928
  Chino Valley Unified School District GO 0.000%   8/1/2046    185        74
  Chino Valley Unified School District GO 0.000%   8/1/2047    150        57
  Chino Valley Unified School District GO 0.000%   8/1/2048  1,040       373
  Chino Valley Unified School District GO 3.375%   8/1/2050     50        41
  Chino Valley Unified School District GO 5.000%   8/1/2055  1,345     1,382
  Citrus Community College District GO 5.000%   8/1/2049    475       505
  Clovis Unified School District GO 5.000%   8/1/2026    445       447
4 Clovis Unified School District GO 0.000%   8/1/2029     70        64
  Clovis Unified School District GO 5.250%   8/1/2042    370       397
  Clovis Unified School District GO 5.000%   8/1/2047  1,770     1,843
  Clovis Unified School District GO 4.000%   8/1/2048  1,730     1,657
  Coast Community College District GO 3.000%   8/1/2039    110       101
  Coast Community College District GO 0.000%   8/1/2040    325       183
  Coast Community College District GO 0.000%   8/1/2041  1,625       870
  Coast Community College District GO 0.000%   8/1/2042  1,905       964
  Coast Community College District GO 4.000%   8/1/2042    720       720
  Coast Community College District GO 0.000%   8/1/2043  1,760       841
  Coast Community College District GO, Prere. 4.500%   8/1/2027    315       323
  Coast Community College District GO, Prere. 5.000%   8/1/2027    100       103
2 Colton Joint Unified School District GO 0.000%   8/1/2042     95        48
5 Colton Joint Unified School District GO 0.000%   8/1/2044    640       288
5 Colton Joint Unified School District GO 5.000%   8/1/2055  1,610     1,678
5 Compton CA Unified School District GO 0.000%   6/1/2036    250       171
5 Compton CA Unified School District GO 0.000%   6/1/2037    800       521
5 Compton CA Unified School District GO 0.000%   6/1/2040  1,090       610
5 Compton CA Unified School District GO 3.000%   6/1/2049    715       543
5 Compton CA Unified School District GO 4.000%   6/1/2049  1,390     1,299
  Concord CA COP 2.125%   4/1/2041    995       728
  Contra Costa Transportation Authority Sales Tax Revenue 5.000%   3/1/2031    610       684
  Contra Costa Transportation Authority Sales Tax Revenue 4.000%   3/1/2032  1,415     1,515
  Contra Costa Transportation Authority Sales Tax Revenue 4.000%   3/1/2033    140       149
  Contra Costa Transportation Authority Sales Tax Revenue 4.000%   3/1/2034     95       101
  Corona-Norco Unified School District GO 4.000%   8/1/2039    150       150
  Corona-Norco Unified School District GO 4.000%   8/1/2043     50        50
  Corona-Norco Unified School District GO 3.000%   8/1/2044    105        88
  Corona-Norco Unified School District GO 4.000%   8/1/2049    575       539
  Cypress School District GO 0.000%   8/1/2040    320       175
3 Cypress School District GO, 8.125% coupon rate effective 8/1/2031 0.000%   8/1/2050    225       215
  Department of Veterans Affairs Veteran's Farm & Home Purchase Program Local or Guaranteed Housing Revenue 3.375%  12/1/2041    440       425
  Desert Community College District GO 5.000%   8/1/2033     50        51
  Desert Community College District GO 4.000%   8/1/2039  1,620     1,624
  Desert Community College District GO 4.000%   8/1/2051    520       491
  Desert Community College District GO 4.000%   8/1/2051  1,415     1,336
19

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Desert Community College District GO 5.000%   8/1/2051    690       734
  Desert Sands Unified School District GO 4.000%   8/1/2050  1,140     1,104
  Downey Unified School District GO 4.000%   8/1/2048    705       682
  Downey Unified School District GO 4.000%   8/1/2051    200       191
  Downey Unified School District GO 4.000%   8/1/2052    820       775
  Downey Unified School District GO 4.000%   8/1/2057    200       187
  Downey Unified School District GO 5.000%   8/1/2057    600       633
  Dublin Unified School District GO 4.125%   8/1/2049    395       388
  Dublin Unified School District GO 4.250%   8/1/2053    220       216
  East Bay Municipal Utility District Wastewater System Sewer Revenue 5.000%   6/1/2038  1,010     1,187
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2026    125       125
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2026    135       135
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2028  1,200     1,234
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2028    205       216
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2029    245       252
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2029    190       205
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2030  1,225     1,258
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2030    250       276
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2031    470       482
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2031    235       264
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2031    540       607
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2032    725       743
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2032    240       274
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2033    325       333
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2033  1,090     1,263
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2033    700       811
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2033    175       203
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2034     30        31
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2035    205       210
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2036    270       303
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2036    920     1,097
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2037  1,580     1,770
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2037  1,440     1,681
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2037    785       929
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2038    155       173
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2038  2,000     2,351
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2039  1,000     1,168
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2040    135       151
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2042  2,500     2,541
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2042    150       166
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2042     10        11
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2043     25        27
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2043     50        55
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2044     50        55
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2044     75        82
  East Bay Municipal Utility District Water System Water Revenue 4.000%   6/1/2045    800       799
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2045  1,000     1,013
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2049    620       657
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2050    500       535
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2051  1,300     1,396
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2054    985     1,036
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2055  1,250     1,329
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/2056  1,215     1,297
  East County Advanced Water Purification Joint Powers Authority Water Revenue 3.125%   9/1/2026  5,125     5,125
  East County Advanced Water Purification Joint Powers Authority Water Revenue 5.000%   9/1/2026  2,520     2,523
2 East Side Union High School District GO 5.000%   8/1/2028    185       195
2 East Side Union High School District GO 5.000%   8/1/2029     25        27
2 East Side Union High School District GO 5.000%   8/1/2031    245       275
2 East Side Union High School District GO 5.000%   8/1/2033     35        40
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/2033     65        65
  Eastern Municipal Water District Financing Authority Water Revenue 4.000%   7/1/2035    830       830
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/2036    625       681
  Eastern Municipal Water District Financing Authority Water Revenue 4.000%   7/1/2038  1,645     1,696
  Eastern Municipal Water District Water Revenue 5.000%   7/1/2042    160       160
  Eastern Municipal Water District Water Revenue 5.000%   7/1/2045     50        50
  El Camino Community College District Foundation GO 0.000%   8/1/2033    385       309
  El Camino Community College District Foundation GO 0.000%   8/1/2034  1,730     1,333
  El Camino Community College District Foundation GO 0.000%   8/1/2038    775       499
  El Camino Community College District Foundation GO 4.000%   8/1/2041  1,010     1,012
  El Dorado Irrigation District COP 4.000%   3/1/2050     25        24
20

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 El Monte Union High School District GO 0.000%   6/1/2042     95        49
  El Monte Union High School District GO 0.000%   6/1/2044    200        90
  El Monte Union High School District GO 0.000%   6/1/2045    250       106
  El Monte Union High School District GO 0.000%   6/1/2046    800       319
  El Monte Union High School District GO 4.000%   6/1/2046    930       911
  El Monte Union High School District GO 0.000%   6/1/2049  1,140       385
5 Elk Grove Unified School District COP 3.125%   2/1/2040    720       685
  Elk Grove Unified School District GO 4.000%   8/1/2046  2,010     1,954
  Elk Grove Unified School District GO 4.000%   8/1/2048    305       290
  Elk Grove Unified School District GO 4.500%   8/1/2053    825       829
  Elk Grove Unified School District GO 4.500%   8/1/2055  1,075     1,078
  Escondido Union High School District GO 0.000%   8/1/2051  1,180       377
2 Folsom Cordova Unified School District GO 4.000%  10/1/2044  1,860     1,838
  Fontana Public Facilities Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2050  1,335     1,414
  Fontana Public Facilities Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2055  1,435     1,506
2 Fontana Unified School District GO 2.375%   8/1/2044    285       208
  Fontana Unified School District GO 5.250%   8/1/2050    250       269
  Foothill-De Anza Community College District GO 5.000%   8/1/2026    125       126
  Foothill-De Anza Community College District GO 5.000%   8/1/2027    450       464
6 Foothill-De Anza Community College District GO 0.000%   8/1/2036    400       287
  Foothill-De Anza Community College District GO 3.000%   8/1/2039    225       207
  Foothill-De Anza Community College District GO 3.000%   8/1/2040  1,035       941
  Foothill-De Anza Community College District GO 4.000%   8/1/2040  1,170     1,169
  Foothill-De Anza Community College District GO 5.000%   8/1/2044    400       443
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 6.125%  1/15/2028  1,000     1,059
2 Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.300%  1/15/2029    155       166
2 Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.500%  1/15/2031    100       113
2 Foothill-Eastern Transportation Corridor Agency Highway Revenue 0.000%  1/15/2034  1,000       783
2 Foothill-Eastern Transportation Corridor Agency Highway Revenue 0.000%  1/15/2035    350       263
2 Foothill-Eastern Transportation Corridor Agency Highway Revenue 0.000%  1/15/2036  1,715     1,240
2 Foothill-Eastern Transportation Corridor Agency Highway Revenue 0.000%  1/15/2037    270       187
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 6.850%  1/15/2042    500       595
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 4.000%  1/15/2043    970       957
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 4.000%  1/15/2046    815       791
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 4.000%  1/15/2046  5,595     5,429
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 3.500%  1/15/2053  2,845     2,337
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 3.950%  1/15/2053  2,165     1,941
  Foothill-Eastern Transportation Corridor Agency Highway Revenue, ETM 0.000%   1/1/2027    290       286
  Foothill-Eastern Transportation Corridor Agency Highway Revenue, ETM 0.000%   1/1/2028  1,620     1,558
  Foothill-Eastern Transportation Corridor Agency Highway Revenue, ETM 0.000%   1/1/2029    675       633
  Foothill-Eastern Transportation Corridor Agency Highway Revenue, ETM 0.000%   1/1/2030     80        73
2 Fowler Unified School District GO 0.000%   8/1/2040     75        44
  Fremont Union High School District GO 3.000%   8/1/2039    200       186
  Fremont Union High School District GO 5.000%   8/1/2039    250       288
  Fremont Union High School District GO 5.000%   8/1/2040    250       286
  Fremont Union High School District GO 5.000%   8/1/2043     80        86
  Fremont Union High School District GO 4.000%   8/1/2046    250       248
  Fremont Union High School District GO 4.000%   8/1/2046     50        50
  Fremont Union High School District GO 4.125%   8/1/2050    500       494
  Fresno Unified School District GO 3.000%   8/1/2041    840       720
  Fresno Unified School District GO 4.000%   8/1/2041  1,320     1,316
  Fresno Unified School District GO 4.000%   8/1/2046  1,410     1,352
  Fresno Unified School District GO 5.000%   8/1/2046     20        21
  Fresno Unified School District GO 4.000%   8/1/2052    430       403
  Fresno Unified School District GO 4.000%   8/1/2055  1,020       946
  Fresno Unified School District GO, Prere. 3.000%   8/1/2026     60        60
  Fullerton Joint Union High School District GO 4.000%   8/1/2054    350       331
5 Garden Grove Public Financing Authority Lease (Abatement) Revenue 5.000%   4/1/2049    640       674
5 Garden Grove Public Financing Authority Lease (Abatement) Revenue 4.000%   4/1/2054    535       497
  Glendale CA Electric Power & Light Revenue 5.000%   2/1/2051    165       172
  Glendale CA Electric Power & Light Revenue 5.000%   2/1/2052  1,000     1,042
  Glendale CA Electric Power & Light Revenue 5.000%   2/1/2054    280       290
  Glendale CA Electric Power & Light Revenue 5.000%   2/1/2054    515       533
  Glendale Community College District GO 0.000%   2/1/2045    200        87
  Glendale Community College District GO 4.000%   8/1/2046    135       132
  Glendale Community College District GO 3.000%   8/1/2047    270       210
  Glendale Community College District GO 4.000%   8/1/2050  1,540     1,462
  Glendale Community College District GO 4.125%   8/1/2050    850       820
  Glendale Community College District GO 5.000%   8/1/2050    250       265
  Glendale Community College District GO 5.000%   8/1/2055  1,115     1,174
21

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Glendale Community College District GO, Prere. 5.250%   8/1/2027    455       470
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/2027     70        72
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/2027    250       256
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/2028    105       110
  Grossmont-Cuyamaca Community College District GO 5.000%   8/1/2044    460       473
  Grossmont-Cuyamaca Community College District GO 4.000%   8/1/2047    295       287
  Hayward Area Recreation & Park District GO 5.000%   8/1/2042     20        20
  Hayward Area Recreation & Park District GO 4.000%   8/1/2046    350       349
  Hayward CA Sewer Revenue 4.000%   3/1/2052  1,115     1,070
  Hayward CA Sewer Revenue 4.000%   3/1/2055    500       476
  Hayward Unified School District COP 5.250%   8/1/2047  1,500     1,516
5 Hayward Unified School District GO 5.000%   8/1/2027    500       515
2 Hayward Unified School District GO 3.500%   8/1/2037    150       148
2 Hayward Unified School District GO 4.000%   8/1/2039  1,375     1,375
2 Hayward Unified School District GO 4.000%   8/1/2042    175       175
5 Hayward Unified School District GO 4.000%   8/1/2043  2,185     2,190
5 Hayward Unified School District GO 5.000%   8/1/2044    750       774
5 Hayward Unified School District GO 4.000%   8/1/2048    580       551
2 Hayward Unified School District GO 4.000%   8/1/2050  1,340     1,267
5 Hayward Unified School District GO 5.000%   8/1/2050    250       265
2 Hayward Unified School District GO 5.250%   8/1/2050    150       160
2 Hayward Unified School District GO 5.250%   8/1/2054    250       264
5 Hayward Unified School District GO 5.000%   8/1/2055    400       421
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/2034    270       272
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/2035    750       884
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/2036    750       882
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/2037    500       583
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/2038    500       579
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/2041    865       870
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/2046    325       326
5 Indio Finance Authority Lease (Abatement) Revenue 5.250%  11/1/2042     25        27
5 Indio Finance Authority Lease (Abatement) Revenue 5.250%  11/1/2047    985     1,049
5 Indio Finance Authority Lease (Abatement) Revenue 4.500%  11/1/2052    555       558
  Inglewood Unified School District GO 5.500%   8/1/2042  1,500     1,718
  Inglewood Unified School District GO 5.500%   8/1/2043  1,400     1,594
2 Irvine CA Special Tax Revenue 5.000%   9/1/2050    825       888
5 Irvine CA Special Tax Revenue 5.250%   9/1/2053  1,000     1,067
2 Irvine CA Special Tax Revenue 5.000%   9/1/2055    400       427
5 Irvine CA Special Tax Revenue 4.000%   9/1/2058    505       461
2 Irvine CA Special Tax Revenue 5.000%   9/1/2060  1,385     1,476
  Irvine Facilities Financing Authority Lease (Abatement) Revenue (Gateway Preserve Land Acquisition Project) 5.250%   5/1/2043    270       271
  Irvine Facilities Financing Authority Lease (Abatement) Revenue (Gateway Preserve Land Acquisition Project) 5.250%   5/1/2048  1,485     1,488
  Irvine Facilities Financing Authority Lease (Abatement) Revenue (Gateway Preserve Land Acquisition Project) 4.250%   5/1/2053  1,845     1,789
5 Irvine Facilities Financing Authority Special Tax Revenue (Irvine Great Park Infrastructure Project) 5.000%   9/1/2048  1,175     1,238
5 Irvine Facilities Financing Authority Special Tax Revenue (Irvine Great Park Infrastructure Project) 5.250%   9/1/2053    125       132
5 Irvine Facilities Financing Authority Special Tax Revenue (Irvine Great Park Infrastructure Project) 4.000%   9/1/2058    615       561
  Irvine Ranch Water District COP 5.000%   3/1/2041    120       121
  Irvine Ranch Water District COP 5.000%   3/1/2046    205       206
1 Irvine Ranch Water District Water Revenue VRDO 2.250%   6/1/2026    900       900
  Kern Community College District GO 5.250%   8/1/2038     50        56
  Kern Community College District GO 5.250%   8/1/2039      5         6
  Lakeside San Diego County Union School District GO 0.000%   8/1/2035    910       668
  Lakeside San Diego County Union School District GO 0.000%   8/1/2050     85        29
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/2046  1,360     1,300
  Lodi CA Unified School District GO 3.000%   8/1/2043    135       113
  Long Beach CA Harbor Port, Airport & Marina Revenue 5.000%  5/15/2047    150       152
  Long Beach CA Harbor Port, Airport & Marina Revenue 5.000%  5/15/2049    825       850
  Long Beach Community College District GO 5.000%   8/1/2027    490       506
  Long Beach Community College District GO 4.000%   8/1/2045    315       311
  Long Beach Community College District GO 5.000%   8/1/2052    625       661
3 Long Beach Community College District GO, 4.750% coupon rate effective 8/1/2032 0.000%   8/1/2049    200       140
  Long Beach Unified School District GO 5.000%   8/1/2029    500       540
  Long Beach Unified School District GO 4.000%   8/1/2030    285       286
  Long Beach Unified School District GO 5.000%   8/1/2031  2,000     2,245
  Long Beach Unified School District GO 3.000%   8/1/2032    100       100
  Long Beach Unified School District GO 0.000%   8/1/2035     10         7
  Long Beach Unified School District GO 3.000%   8/1/2047  1,495     1,171
  Long Beach Unified School District GO 4.000%   8/1/2047    500       490
  Long Beach Unified School District GO 3.000%   8/1/2048    300       231
  Long Beach Unified School District GO 4.000%   8/1/2048    900       876
22

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Long Beach Unified School District GO 4.250%   8/1/2048  1,020     1,023
  Long Beach Unified School District GO 4.250%   8/1/2049    645       643
  Long Beach Unified School District GO 3.000%   8/1/2050  1,315       989
  Long Beach Unified School District GO 4.000%   8/1/2050  1,200     1,151
  Long Beach Unified School District GO 4.375%   8/1/2051    250       251
  Long Beach Unified School District GO 4.500%   8/1/2051    380       385
  Long Beach Unified School District GO 4.000%   8/1/2052    325       308
  Long Beach Unified School District GO 4.000%   8/1/2053  1,440     1,362
  Long Beach Unified School District GO 4.000%   8/1/2053    500       473
  Long Beach Unified School District GO 4.375%   8/1/2053    290       290
  Long Beach Unified School District GO 4.500%   8/1/2055    350       352
  Long Beach Unified School District GO 4.500%   8/1/2057    920       925
  Los Angeles CA Community College District GO 5.000%   6/1/2026  1,185     1,185
  Los Angeles CA Community College District GO 5.000%   8/1/2026    515       517
  Los Angeles CA Community College District GO 5.000%   8/1/2026  2,005     2,013
  Los Angeles CA Community College District GO 5.000%   8/1/2026    450       452
  Los Angeles CA Community College District GO 5.000%   8/1/2026    140       141
  Los Angeles CA Community College District GO 5.000%   8/1/2026  1,500     1,506
  Los Angeles CA Community College District GO 5.000%   8/1/2026    135       136
  Los Angeles CA Community College District GO 5.000%   8/1/2027    860       886
  Los Angeles CA Community College District GO 5.000%   8/1/2027    505       520
  Los Angeles CA Community College District GO 5.000%   8/1/2027    310       319
  Los Angeles CA Community College District GO 5.000%   8/1/2027    330       340
  Los Angeles CA Community College District GO 5.000%   8/1/2027  2,000     2,060
  Los Angeles CA Community College District GO 5.000%   8/1/2028    880       931
  Los Angeles CA Community College District GO 5.000%   8/1/2028    810       857
  Los Angeles CA Community College District GO 5.000%   8/1/2028  2,350     2,485
  Los Angeles CA Community College District GO 5.000%   8/1/2028    500       529
  Los Angeles CA Community College District GO 5.000%   8/1/2029    795       861
  Los Angeles CA Community College District GO 5.000%   8/1/2029  1,165     1,261
  Los Angeles CA Community College District GO 5.000%   8/1/2029    610       660
  Los Angeles CA Community College District GO 5.000%   8/1/2029  1,000     1,082
  Los Angeles CA Community College District GO 5.000%   8/1/2030    645       713
  Los Angeles CA Community College District GO 5.000%   8/1/2030    855       945
  Los Angeles CA Community College District GO 5.000%   8/1/2030  1,440     1,592
  Los Angeles CA Community College District GO 5.000%   8/1/2030  1,000     1,106
  Los Angeles CA Community College District GO 5.000%   8/1/2031    865       973
  Los Angeles CA Community College District GO 5.000%   8/1/2031  2,720     3,059
  Los Angeles CA Community College District GO 5.000%   8/1/2032  2,950     3,371
  Los Angeles CA Community College District GO 5.000%   8/1/2033    790       917
  Los Angeles CA Community College District GO 5.000%   8/1/2034    195       229
  Los Angeles CA Community College District GO 5.000%   8/1/2035     25        28
  Los Angeles CA Community College District GO 4.000%   8/1/2036  2,310     2,311
  Los Angeles CA Community College District GO 5.000%   8/1/2036     55        55
  Los Angeles CA Community College District GO 5.000%   8/1/2036    360       406
  Los Angeles CA Community College District GO 5.000%   8/1/2036    125       145
  Los Angeles CA Community College District GO 4.000%   8/1/2037    125       125
  Los Angeles CA Community College District GO 4.000%   8/1/2037     65        65
  Los Angeles CA Community College District GO 5.000%   8/1/2037    350       393
  Los Angeles CA Community College District GO 4.000%   8/1/2038    810       810
  Los Angeles CA Community College District GO 4.000%   8/1/2038    585       585
  Los Angeles CA Community College District GO 5.000%   8/1/2038    335       385
  Los Angeles CA Community College District GO 3.000%   8/1/2039    445       404
  Los Angeles CA Community College District GO 3.000%   8/1/2039    100        91
  Los Angeles CA Community College District GO 4.000%   8/1/2039    500       501
  Los Angeles CA Community College District GO 4.000%   8/1/2041    745       746
  Los Angeles CA General Fund Revenue TRAN 5.000%  6/30/2026  1,130     1,132
  Los Angeles CA Miscellaneous Revenue TRAN 5.000%  6/25/2026  1,000     1,002
  Los Angeles CA Solid Waste Resources Recovery Revenue 3.000%   2/1/2033    425       425
  Los Angeles CA Solid Waste Resources Recovery Revenue 5.000%   2/1/2037    160       179
  Los Angeles CA Solid Waste Resources Recovery Revenue 5.000%   2/1/2038    110       123
  Los Angeles CA Unified School District COP 5.000%  10/1/2026    340       343
  Los Angeles CA Unified School District COP 5.000%  10/1/2029     10        11
  Los Angeles CA Unified School District COP 5.000%  10/1/2030     10        11
  Los Angeles CA Unified School District COP 5.000%  10/1/2031     40        45
  Los Angeles CA Unified School District COP 5.000%  10/1/2032    105       118
  Los Angeles CA Unified School District COP 5.000%  10/1/2033    100       114
  Los Angeles CA Unified School District COP 5.000%  10/1/2034    220       249
  Los Angeles CA Unified School District COP 5.000%  10/1/2035    215       242
  Los Angeles CA Unified School District COP 5.000%  10/1/2036    355       398
23

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles CA Unified School District COP 5.000%  10/1/2037     85        95
  Los Angeles CA Unified School District COP 5.000%  10/1/2038      5         6
  Los Angeles CA Unified School District COP, ETM 5.000%  10/1/2026    510       514
  Los Angeles CA Unified School District COP, ETM 5.000%  10/1/2029     15        16
  Los Angeles CA Unified School District COP, ETM 5.000%  10/1/2030     15        17
  Los Angeles CA Unified School District COP, ETM 5.000%  10/1/2031     60        68
  Los Angeles CA Unified School District COP, ETM 5.000%  10/1/2032    150       171
  Los Angeles CA Unified School District COP, ETM 5.000%  10/1/2033    150       174
  Los Angeles CA Unified School District COP, Prere. 5.000%  10/1/2033    315       365
  Los Angeles CA Unified School District COP, Prere. 5.000%  10/1/2033    360       417
  Los Angeles CA Unified School District COP, Prere. 5.000%  10/1/2033    520       602
  Los Angeles CA Unified School District COP, Prere. 5.000%  10/1/2033    135       156
  Los Angeles CA Unified School District COP, Prere. 5.000%  10/1/2033  1,060     1,227
  Los Angeles CA Unified School District GO 5.000%   7/1/2026    405       406
  Los Angeles CA Unified School District GO 5.000%   7/1/2026  1,770     1,774
  Los Angeles CA Unified School District GO 5.000%   7/1/2026    555       556
  Los Angeles CA Unified School District GO 5.000%   7/1/2026    225       225
  Los Angeles CA Unified School District GO 5.000%   7/1/2026    145       145
  Los Angeles CA Unified School District GO 5.000%   7/1/2026  3,460     3,467
  Los Angeles CA Unified School District GO 5.000%   7/1/2026    530       531
  Los Angeles CA Unified School District GO 5.000%   7/1/2026    140       140
  Los Angeles CA Unified School District GO 5.000%   7/1/2026    370       371
  Los Angeles CA Unified School District GO 5.000%   7/1/2027  1,005     1,007
  Los Angeles CA Unified School District GO 5.000%   7/1/2027  2,180     2,240
  Los Angeles CA Unified School District GO 5.000%   7/1/2027    700       719
  Los Angeles CA Unified School District GO 5.000%   7/1/2027    105       108
  Los Angeles CA Unified School District GO 5.000%   7/1/2027  1,290     1,325
  Los Angeles CA Unified School District GO 5.000%   7/1/2027    950       976
  Los Angeles CA Unified School District GO 5.000%   7/1/2027  1,515     1,556
  Los Angeles CA Unified School District GO 5.000%   7/1/2027    150       154
  Los Angeles CA Unified School District GO 5.000%   7/1/2027    565       580
  Los Angeles CA Unified School District GO 5.000%   7/1/2027  1,120     1,151
  Los Angeles CA Unified School District GO 5.000%   7/1/2027    305       313
  Los Angeles CA Unified School District GO 5.000%   7/1/2027     15        15
  Los Angeles CA Unified School District GO 5.000%   7/1/2028  1,250     1,301
  Los Angeles CA Unified School District GO 5.000%   7/1/2028  2,040     2,149
  Los Angeles CA Unified School District GO 5.000%   7/1/2028    490       516
  Los Angeles CA Unified School District GO 5.000%   7/1/2028    575       576
  Los Angeles CA Unified School District GO 5.000%   7/1/2028  1,330     1,401
  Los Angeles CA Unified School District GO 5.000%   7/1/2028    255       269
  Los Angeles CA Unified School District GO 5.000%   7/1/2028    280       295
  Los Angeles CA Unified School District GO 5.000%   7/1/2028    280       295
  Los Angeles CA Unified School District GO 5.000%   7/1/2028    450       474
  Los Angeles CA Unified School District GO 5.000%   7/1/2028    235       248
  Los Angeles CA Unified School District GO 5.000%   7/1/2028      5         5
  Los Angeles CA Unified School District GO 2.000%   7/1/2029  1,100     1,060
  Los Angeles CA Unified School District GO 5.000%   7/1/2029    745       803
  Los Angeles CA Unified School District GO 5.000%   7/1/2029     85        88
  Los Angeles CA Unified School District GO 5.000%   7/1/2029    550       593
  Los Angeles CA Unified School District GO 5.000%   7/1/2029    325       350
  Los Angeles CA Unified School District GO 5.000%   7/1/2029  3,780     4,073
  Los Angeles CA Unified School District GO 5.000%   7/1/2029    180       194
  Los Angeles CA Unified School District GO 5.000%   7/1/2029    450       485
  Los Angeles CA Unified School District GO 5.000%   7/1/2029    475       512
  Los Angeles CA Unified School District GO 5.000%   7/1/2029    105       113
  Los Angeles CA Unified School District GO 5.000%   7/1/2029    230       248
  Los Angeles CA Unified School District GO 5.000%   7/1/2030    685       736
  Los Angeles CA Unified School District GO 5.000%   7/1/2030    795       797
  Los Angeles CA Unified School District GO 5.000%   7/1/2030    550       572
  Los Angeles CA Unified School District GO 5.000%   7/1/2030    420       462
  Los Angeles CA Unified School District GO 5.000%   7/1/2030    270       297
  Los Angeles CA Unified School District GO 5.000%   7/1/2030    250       275
  Los Angeles CA Unified School District GO 5.000%   7/1/2030  2,115     2,327
  Los Angeles CA Unified School District GO 5.000%   7/1/2030    400       440
  Los Angeles CA Unified School District GO 5.000%   7/1/2030    405       446
  Los Angeles CA Unified School District GO 5.000%   7/1/2030     60        66
  Los Angeles CA Unified School District GO 3.000%   7/1/2031    810       804
  Los Angeles CA Unified School District GO 4.000%   7/1/2031    105       111
  Los Angeles CA Unified School District GO 5.000%   7/1/2031     60        64
  Los Angeles CA Unified School District GO 5.000%   7/1/2031    320       332
24

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles CA Unified School District GO 5.000%   7/1/2031  2,525     2,820
  Los Angeles CA Unified School District GO 5.000%   7/1/2031    495       553
  Los Angeles CA Unified School District GO 5.000%   7/1/2031    190       212
  Los Angeles CA Unified School District GO 5.000%   7/1/2031    100       111
  Los Angeles CA Unified School District GO 5.000%   7/1/2031    500       558
  Los Angeles CA Unified School District GO 3.000%   7/1/2032  1,730     1,709
  Los Angeles CA Unified School District GO 4.000%   7/1/2032    295       310
  Los Angeles CA Unified School District GO 4.000%   7/1/2032     95       100
  Los Angeles CA Unified School District GO 5.000%   7/1/2032     10        11
  Los Angeles CA Unified School District GO 5.000%   7/1/2032    115       126
  Los Angeles CA Unified School District GO 5.000%   7/1/2032  1,120     1,162
  Los Angeles CA Unified School District GO 5.000%   7/1/2032  1,700     1,822
  Los Angeles CA Unified School District GO 5.000%   7/1/2032  1,175     1,283
  Los Angeles CA Unified School District GO 5.000%   7/1/2032  6,115     6,928
  Los Angeles CA Unified School District GO 5.000%   7/1/2032    100       113
  Los Angeles CA Unified School District GO 5.000%   7/1/2032    750       850
  Los Angeles CA Unified School District GO 4.000%   7/1/2033    755       791
  Los Angeles CA Unified School District GO 4.000%   7/1/2033    240       249
  Los Angeles CA Unified School District GO 5.000%   7/1/2033    300       326
  Los Angeles CA Unified School District GO 5.000%   7/1/2033  1,075     1,200
  Los Angeles CA Unified School District GO 5.000%   7/1/2033    385       399
  Los Angeles CA Unified School District GO 5.000%   7/1/2033    395       429
  Los Angeles CA Unified School District GO 5.000%   7/1/2033    915     1,048
  Los Angeles CA Unified School District GO 5.000%   7/1/2033  5,880     6,732
  Los Angeles CA Unified School District GO 5.000%   7/1/2033     75        85
  Los Angeles CA Unified School District GO 5.000%   7/1/2033  1,630     1,866
  Los Angeles CA Unified School District GO 3.000%   1/1/2034     90        89
  Los Angeles CA Unified School District GO 5.000%   7/1/2034     55        63
  Los Angeles CA Unified School District GO 5.000%   7/1/2034  6,310     7,300
  Los Angeles CA Unified School District GO 5.000%   7/1/2034     10        12
  Los Angeles CA Unified School District GO 5.000%   7/1/2034    445       495
  Los Angeles CA Unified School District GO 5.000%   7/1/2034     30        31
  Los Angeles CA Unified School District GO 3.000%   7/1/2035    140       137
  Los Angeles CA Unified School District GO 4.000%   7/1/2035    525       546
  Los Angeles CA Unified School District GO 5.000%   7/1/2035    795       859
  Los Angeles CA Unified School District GO 5.000%   7/1/2035    115       131
  Los Angeles CA Unified School District GO 5.000%   7/1/2035     15        17
  Los Angeles CA Unified School District GO 5.000%   7/1/2035    215       238
  Los Angeles CA Unified School District GO 5.000%   7/1/2035    750       875
  Los Angeles CA Unified School District GO 4.000%   7/1/2036    175       181
  Los Angeles CA Unified School District GO 4.000%   7/1/2036    500       517
  Los Angeles CA Unified School District GO 4.000%   7/1/2036    470       491
  Los Angeles CA Unified School District GO 5.000%   7/1/2036  1,110     1,145
5 Los Angeles CA Unified School District GO 5.000%   7/1/2036     50        52
  Los Angeles CA Unified School District GO 5.000%   7/1/2036    810       920
  Los Angeles CA Unified School District GO 5.000%   7/1/2036    210       242
  Los Angeles CA Unified School District GO 5.000%   7/1/2036    500       580
  Los Angeles CA Unified School District GO 5.000%   7/1/2036    750       881
  Los Angeles CA Unified School District GO 4.000%   7/1/2037     25        26
  Los Angeles CA Unified School District GO 4.000%   7/1/2037    260       268
  Los Angeles CA Unified School District GO 4.000%   7/1/2037    180       187
  Los Angeles CA Unified School District GO 5.000%   7/1/2037    220       227
  Los Angeles CA Unified School District GO 5.000%   7/1/2037    195       217
  Los Angeles CA Unified School District GO 5.000%   7/1/2037    330       373
  Los Angeles CA Unified School District GO 5.000%   7/1/2037     15        17
  Los Angeles CA Unified School District GO 3.000%   7/1/2038     35        33
  Los Angeles CA Unified School District GO 4.000%   7/1/2038    125       128
  Los Angeles CA Unified School District GO 4.000%   7/1/2038  1,730     1,774
  Los Angeles CA Unified School District GO 4.000%   7/1/2038    360       372
  Los Angeles CA Unified School District GO 5.000%   7/1/2038  1,080     1,112
  Los Angeles CA Unified School District GO 5.000%   7/1/2038    115       128
  Los Angeles CA Unified School District GO 5.000%   7/1/2038     55        62
  Los Angeles CA Unified School District GO 5.000%   7/1/2038    700       797
  Los Angeles CA Unified School District GO 5.000%   7/1/2038    500       576
  Los Angeles CA Unified School District GO 4.000%   7/1/2039    820       839
  Los Angeles CA Unified School District GO 4.000%   7/1/2039    290       299
  Los Angeles CA Unified School District GO 5.000%   7/1/2039    115       127
  Los Angeles CA Unified School District GO 5.000%   7/1/2039    265       297
  Los Angeles CA Unified School District GO 5.000%   7/1/2039  2,125     2,407
  Los Angeles CA Unified School District GO 5.000%   7/1/2039    500       570
25

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles CA Unified School District GO 5.000%   7/1/2039    830       946
  Los Angeles CA Unified School District GO 5.000%   7/1/2039    465       533
  Los Angeles CA Unified School District GO 4.000%   7/1/2040     30        31
  Los Angeles CA Unified School District GO 4.000%   7/1/2040    140       143
  Los Angeles CA Unified School District GO 4.000%   7/1/2040  1,235     1,228
  Los Angeles CA Unified School District GO 5.000%   7/1/2040    215       242
  Los Angeles CA Unified School District GO 5.000%   7/1/2040    500       567
  Los Angeles CA Unified School District GO 5.000%   7/1/2040    750       855
  Los Angeles CA Unified School District GO 5.250%   7/1/2040  1,170     1,325
  Los Angeles CA Unified School District GO 4.000%   7/1/2041  1,555     1,587
  Los Angeles CA Unified School District GO 5.000%   7/1/2041    190       208
  Los Angeles CA Unified School District GO 5.000%   7/1/2041     50        55
  Los Angeles CA Unified School District GO 5.000%   7/1/2041    475       533
  Los Angeles CA Unified School District GO 5.000%   7/1/2041    760       862
  Los Angeles CA Unified School District GO 5.000%   7/1/2042     10        11
  Los Angeles CA Unified School District GO 5.000%   7/1/2042    980     1,093
  Los Angeles CA Unified School District GO 5.000%   7/1/2042  1,000     1,126
  Los Angeles CA Unified School District GO 5.250%   7/1/2042  3,425     3,528
  Los Angeles CA Unified School District GO 5.250%   7/1/2042    180       202
  Los Angeles CA Unified School District GO 5.250%   7/1/2042      5         5
  Los Angeles CA Unified School District GO 5.000%   7/1/2043    200       219
  Los Angeles CA Unified School District GO 5.000%   7/1/2043  1,035     1,147
  Los Angeles CA Unified School District GO 5.000%   7/1/2043    125       139
  Los Angeles CA Unified School District GO 4.000%   7/1/2044  3,685     3,701
  Los Angeles CA Unified School District GO 4.000%   7/1/2044  1,115     1,120
  Los Angeles CA Unified School District GO 5.000%   7/1/2044  1,565     1,719
  Los Angeles CA Unified School District GO 5.000%   7/1/2044    425       469
  Los Angeles CA Unified School District GO 5.000%   7/1/2044    500       554
  Los Angeles CA Unified School District GO 3.000%   7/1/2045    320       266
  Los Angeles CA Unified School District GO 5.000%   7/1/2045    980     1,068
  Los Angeles CA Unified School District GO 5.000%   7/1/2045    485       533
  Los Angeles CA Unified School District GO 2.625%   7/1/2046     50        37
  Los Angeles CA Unified School District GO 5.000%   7/1/2046  1,000     1,088
  Los Angeles CA Unified School District GO 5.000%   7/1/2047  1,000     1,079
  Los Angeles CA Unified School District GO 5.250%   7/1/2047    520       558
  Los Angeles CA Unified School District GO 5.250%   7/1/2048  3,030     3,264
  Los Angeles CA Unified School District GO 4.000%   7/1/2049  1,050     1,005
  Los Angeles CA Unified School District GO 5.000%   7/1/2049  1,630     1,738
  Los Angeles CA Unified School District GO 5.250%   7/1/2049  1,740     1,880
  Los Angeles CA Unified School District GO 4.250%   7/1/2050    440       436
  Los Angeles CA Unified School District GO 5.000%   7/1/2050  1,000     1,065
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2026    255       255
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2026     50        50
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2027    760       780
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2027    665       682
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2027  1,000     1,026
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2028    445       468
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2028    360       379
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2028    100       105
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2029    440       473
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2029    700       718
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2030    635       697
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2030  1,320     1,354
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2030     80        88
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2031    210       215
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2031    550       615
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2031    485       543
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2032    320       327
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2032    515       585
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2032    365       415
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2033    465       536
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2033    235       272
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2034  1,070     1,250
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2035  1,085     1,278
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2038    500       577
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2040    250       284
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2041    950     1,073
  Los Angeles CA Wastewater System Sewer Revenue 4.000%   6/1/2042    120       120
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2042    275       308
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2043    170       175
26

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2043  1,125     1,254
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2044    250       277
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2045    645       709
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2047    120       127
  Los Angeles CA Wastewater System Sewer Revenue 5.250%   6/1/2047  1,250     1,267
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2048  1,710     1,744
  Los Angeles CA Wastewater System Sewer Revenue 5.250%   6/1/2050  2,000     2,178
  Los Angeles CA Wastewater System Sewer Revenue 4.000%   6/1/2052    915       870
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2055  1,560     1,653
  Los Angeles County Facilities 2 Inc. Lease (Abatement) Revenue 5.250%   6/1/2049    630       673
  Los Angeles County Facilities 2 Inc. Lease (Abatement) Revenue 5.250%   6/1/2054    935       988
  Los Angeles County Facilities 2 Inc. Lease (Abatement) Revenue 5.250%   6/1/2057  1,090     1,148
  Los Angeles County Facilities Inc. Lease (Abatement) Revenue 5.000%  12/1/2043     75        78
  Los Angeles County Facilities Inc. Lease (Abatement) Revenue 4.000%  12/1/2048  2,040     1,939
  Los Angeles County Facilities Inc. Lease (Abatement) Revenue 5.000%  12/1/2051    370       377
  Los Angeles County Facilities Inc. Lease (Abatement) Revenue, Prere. 5.000%  12/1/2028     40        43
  Los Angeles County Metropolitan Transportation Authority Sales Tax Intergovernmental Agreement Revenue 5.000%   6/1/2028    115       121
  Los Angeles County Metropolitan Transportation Authority Sales Tax Intergovernmental Agreement Revenue 5.000%   6/1/2029    175       188
  Los Angeles County Metropolitan Transportation Authority Sales Tax Intergovernmental Agreement Revenue 5.000%   6/1/2030    405       445
  Los Angeles County Metropolitan Transportation Authority Sales Tax Intergovernmental Agreement Revenue 5.000%   6/1/2031    225       252
  Los Angeles County Metropolitan Transportation Authority Sales Tax Intergovernmental Agreement Revenue 5.000%   6/1/2032    365       415
  Los Angeles County Metropolitan Transportation Authority Sales Tax Intergovernmental Agreement Revenue 5.000%   6/1/2033    460       530
  Los Angeles County Metropolitan Transportation Authority Sales Tax Intergovernmental Agreement Revenue 5.000%   6/1/2034    770       899
  Los Angeles County Metropolitan Transportation Authority Sales Tax Intergovernmental Agreement Revenue 5.000%   6/1/2035    480       557
  Los Angeles County Metropolitan Transportation Authority Sales Tax Intergovernmental Agreement Revenue 5.000%   6/1/2036    110       127
  Los Angeles County Metropolitan Transportation Authority Sales Tax Intergovernmental Agreement Revenue 5.000%   6/1/2037    500       572
  Los Angeles County Metropolitan Transportation Authority Sales Tax Intergovernmental Agreement Revenue 5.000%   6/1/2038    100       114
  Los Angeles County Metropolitan Transportation Authority Sales Tax Intergovernmental Agreement Revenue 5.000%   6/1/2039  1,685     1,906
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2026  1,110     1,110
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2026     70        70
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2026     75        75
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2027  1,730     1,775
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2027    160       164
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2027    525       539
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2027    500       513
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   7/1/2027     25        25
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2027     10        10
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2027    255       262
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2028    130       130
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2028  1,195     1,258
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2028    345       363
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2028    370       390
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2028    425       448
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2028    430       442
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2029  1,225     1,225
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2029  1,710     1,841
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2029    270       291
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2029    425       437
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2029    290       313
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2029    365       375
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2029     45        47
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2030    335       368
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2030     95       104
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2030    230       230
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2030  1,295     1,424
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2030    520       572
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2030    365       375
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2030    270       277
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2030    210       231
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2030    105       110
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2031    100       100
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2031    190       212
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2031  1,750     1,915
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2031    815       912
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2031    325       364
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2031    750       770
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2031    305       321
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2032    130       130
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2032    385       421
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2032     35        40
27

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2032    130       145
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2032    520       534
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2032  1,015     1,066
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2032    300       342
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2033    245       245
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2033  1,245     1,358
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2033  1,910     1,957
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2033    100       111
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2033    865       908
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2033    385       444
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2033    185       190
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/2034    475       502
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2034    475       517
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2034    410       420
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2034    570       666
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2034    500       584
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2034    540       566
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2034     45        52
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/2035    625       652
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/2035    175       184
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2035    885       960
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2035    500       580
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2035    500       580
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2035    140       147
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/2036  1,545     1,604
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/2036    370       386
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2036    145       145
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2036    615       665
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2036  1,500     1,727
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2036    220       225
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2036    630       659
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/2037    260       269
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/2037    330       342
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2037    465       501
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2037     35        35
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2037  1,465     1,676
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2037    770       881
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2037    670       685
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2037  1,425     1,488
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2037    105       107
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2037    500       584
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/2038  1,250     1,288
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2038  1,000     1,137
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2038    200       204
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2038     75        78
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2038    275       281
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2038    250       290
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 3.500%   6/1/2039     10        10
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/2039  1,000     1,027
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/2039    115       115
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2039     40        44
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2039    230       235
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2039    355       370
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2039    140       143
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2040     80        82
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2040    230       250
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2041    240       245
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2041    505       546
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2041    250       285
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2042    735       749
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2042    430       438
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2042  1,000     1,076
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2042    500       565
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2043     35        38
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2044  1,645     1,712
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2044    210       224
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2045    520       552
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2045    500       552
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/2046    470       514
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue, ETM 5.000%   6/1/2026     35        35
28

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2030    140       156
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2034     50        59
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2035    160       187
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2036    250       294
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2038    250       291
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/2040  1,510     1,510
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2040    105       115
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2041    875       952
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2041    950     1,085
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.250%  12/1/2041    180       207
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2042    290       314
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2042    150       168
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2042    500       566
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/2043    850       849
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2043    555       617
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2044    575       603
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.250%  12/1/2044    305       342
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2045    800       802
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2045  1,060     1,117
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2045    340       374
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/2046    825       815
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2046     20        22
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2047    125       135
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/2049     50        52
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.500%  12/1/2049    645       708
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 3.000%  12/1/2050  2,985     2,226
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.250%  12/1/2050  1,205     1,301
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 2.625%  12/1/2051  1,700     1,162
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/2053    200       187
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.250%  12/1/2053    395       421
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.500%  12/1/2053     65        71
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.250%  12/1/2054  1,220     1,306
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.500%  12/1/2054    675       738
  Los Angeles County Public Works Financing Authority Lease (Non-Terminable) Revenue 5.000%   3/1/2051    500       528
  Los Angeles County Public Works Financing Authority Lease (Non-Terminable) Revenue 5.000%   3/1/2056    500       524
  Los Angeles County Redevelopment Refunding Authority Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Long Beach Project Area) 4.000%   8/1/2040    175       175
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue 4.000%  10/1/2042    380       380
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2027     60        62
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2027     35        36
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2028    200       211
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2028    240       253
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2028    465       490
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2028    425       448
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2029    695       746
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2029    615       660
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2030    765       834
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2030    225       247
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2030    190       208
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2031    900       989
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2031    855       954
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2032  1,065     1,155
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2032    365       400
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2032    885     1,003
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2033    825       893
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2033     65        72
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2033    185       202
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2033     60        69
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2034    905       977
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2034    130       142
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2034    350       388
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2034    165       192
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/2035     45        47
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2035    820       883
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2035    100       110
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/2036    120       124
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2036    390       419
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2036    505       555
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2036    500       582
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2037  1,220     1,306
29

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2037    250       274
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2037     80        93
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2038  1,980     2,115
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/2039    515       525
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2039    620       661
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2039     30        33
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2039    500       572
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/2040    295       299
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2040  1,970     2,095
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2040    300       325
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2041     10        11
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2042  1,110     1,129
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2042    550       618
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2043     10        10
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2044    165       174
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2044    105       109
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2044    140       154
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2045  1,345     1,416
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2045    715       779
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/2048  1,000       971
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/2048    650       631
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2048  1,150     1,194
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2048    250       260
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2048     15        15
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2048  1,200     1,277
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.250%  5/15/2048  1,125     1,225
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2049  2,850     2,905
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/2050    750       795
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.250%  5/15/2051  2,840     3,055
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.250%  5/15/2055  1,250     1,339
  Los Angeles Department of Airports Port, Airport & Marina Revenue, Prere. 5.000%  5/15/2029    210       226
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2026    150       150
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2026    575       576
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2026    290       291
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2026    295       295
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2026    100       100
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2026     40        40
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2026    800       801
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027    220       226
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027    285       292
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027    915       939
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027    340       349
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027     50        51
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027  1,015     1,041
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027      5         5
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028  1,070     1,117
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028    140       146
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028    215       224
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028    230       240
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028    120       124
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028  1,395     1,456
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028    130       132
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028  5,640     5,826
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029    650       691
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029    545       579
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029    155       165
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029     50        53
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029    870       898
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029  1,220     1,297
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029    450       478
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030  1,835     1,931
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030    210       227
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030    185       191
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030  1,435     1,510
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030    215       218
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030    715       773
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030     10        11
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030  3,820     4,092
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031     15        15
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031     85        88
30

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031    195       205
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031    185       202
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031  1,605     1,757
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031    725       794
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031    980     1,073
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032    125       129
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032    605       634
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032    105       116
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032    500       528
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032    320       354
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032    620       687
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032    145       147
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032  1,200     1,329
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032    500       554
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033     90        93
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033    205       211
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033    250       261
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033    275       287
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033    350       354
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033     70        71
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033    865       966
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033  1,790     1,998
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033    325       363
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033  1,135     1,267
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034     15        15
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034    200       207
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034    245       268
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034    520       526
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034  1,860     2,089
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034    500       558
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034  1,000     1,123
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034    290       326
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035     15        16
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035    510       515
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035    320       350
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035    865       958
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035  1,005     1,120
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035    205       230
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035  1,925     2,145
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035    750       850
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2035      5         6
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036    185       187
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036    270       277
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036    950     1,035
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036    210       232
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036    695       771
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036    385       400
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036    250       277
5 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036    250       281
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2036    155       175
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037     70        72
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037     90        93
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037    180       187
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037     50        54
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037    185       200
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037    965     1,057
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037    485       528
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037  1,410     1,552
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037    370       386
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.250%   7/1/2037  2,250     2,273
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038    210       215
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038    120       129
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038  1,825     1,985
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038     45        46
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038    855       935
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038  1,005     1,114
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039    285       294
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039    625       657
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039    530       563
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039    950     1,019
31

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039    670       715
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039    600       653
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039    635       691
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039    730       798
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039    245       267
5 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039    500       551
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040  3,320     3,481
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040    255       270
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040    635       679
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040    285       303
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040    660       699
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040    205       222
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040  1,250     1,373
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041    740       778
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041     60        63
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041    500       533
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041    565       599
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041  1,070     1,150
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041    310       335
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041    550       591
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041    500       542
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041    515       556
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041    500       546
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041    750       823
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042    895       906
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042  2,085     2,099
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042    800       826
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042    715       759
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042    725       766
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042    945     1,011
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042    560       599
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042    640       687
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042    200       215
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042  1,565     1,700
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043    375       384
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043    335       355
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043    140       148
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043  1,525     1,627
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043    120       128
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043    100       107
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043    345       369
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043    755       811
5 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043    250       271
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2043    750       815
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2044  2,100     2,155
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2044    125       132
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2044    485       514
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2044     90        95
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2044  1,250     1,340
5 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.250%   7/1/2044    250       272
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2045  1,155     1,178
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2045    200       206
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2045    305       316
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2045    120       126
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2045    610       643
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2045    555       588
5 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.250%   7/1/2045    400       432
  Los Angeles Department of Water & Power Electric Power & Light Revenue 4.000%   7/1/2046    525       503
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2046    885       912
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2046  1,265     1,301
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2046    285       297
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2046    600       631
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2046    370       390
5 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.250%   7/1/2046    400       428
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2047  1,530     1,536
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2047  2,105     2,120
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2047    375       390
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2047    600       626
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2048    415       424
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2048  1,030     1,044
32

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2048  1,000     1,032
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2048    405       419
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2049  1,310     1,328
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2049  1,195     1,211
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2049    185       191
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.250%   7/1/2049     90        92
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2050    710       721
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2050    550       566
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2050  2,305     2,375
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2050    550       568
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2051  1,280     1,303
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2051    920       935
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2051  1,340     1,364
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2051    400       412
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2052    735       750
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2052  1,125     1,146
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2052    450       462
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2052    750       772
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2053    340       348
5 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2053    945       973
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.250%   7/1/2053    105       109
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.250%   7/1/2053  1,010     1,060
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2054    365       374
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2054    595       610
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.250%   7/1/2054    470       490
5 Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2055    250       257
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2055  1,120     1,149
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.250%   7/1/2056    750       783
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.250%   7/1/2056    540       565
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2026    430       431
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2026     40        40
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2027    625       634
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2027     10        10
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2027     45        46
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2028    650       664
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028     10        10
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2029     10        10
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   1/1/2030  3,145     3,341
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2030    155       161
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2030    505       546
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2030    385       416
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031  1,150     1,259
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031     80        83
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032    435       482
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032     45        50
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032    330       365
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032  1,385     1,534
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033    245       254
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033    745       832
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033     75        84
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033    250       268
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034    615       637
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034    960     1,065
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034  2,675     2,852
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034    550       618
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035    305       315
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035    115       123
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035    820       908
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035    365       409
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036     60        62
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036     90        91
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036  1,120     1,213
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036    650       690
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036    725       790
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036    725       804
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036    120       134
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037    370       373
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037     35        38
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037    845       894
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037    120       132
33

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037    810       896
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037    150       162
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037    270       302
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038     10        10
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038    235       252
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038     95       102
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038     55        58
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038    990     1,082
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038    780       857
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039    140       147
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039    245       261
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039  1,400     1,502
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039    130       139
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039    585       637
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039    665       727
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040    130       136
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040  1,000     1,048
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040    325       348
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040  1,070     1,160
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040    530       567
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040    265       289
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041  1,195     1,249
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041    505       528
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041     20        20
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041    100       107
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041    520       554
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041    140       150
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2041     85        92
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2042     95       100
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2042  1,320     1,401
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2042    685       727
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2042    790       852
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043    400       410
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043    815       859
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043  1,315     1,392
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043    455       482
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043    900       917
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2043    555       596
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2044    595       599
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2044    535       569
5 Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2044  1,000     1,073
  Los Angeles Department of Water & Power Water System Water Revenue 5.250%   7/1/2044  2,300     2,317
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2046    470       483
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2047  1,440     1,356
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2047    880       899
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2047    765       787
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2047    315       325
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2048    195       197
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2049  1,480     1,386
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2049    340       350
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2049  1,080     1,119
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2050    175       178
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2052  1,785     1,822
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2052    115       117
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2052    245       252
  Los Angeles Department of Water & Power Water System Water Revenue 5.250%   7/1/2053  1,230     1,278
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2055    255       261
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/2026    185       187
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2027  1,000     1,023
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/2027    590       596
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/2028    485       490
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/2029  1,130     1,140
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2030  1,500     1,638
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/2030    505       509
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/2031  3,025     3,051
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/2032    940       948
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/2033  2,460     2,464
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/2034  1,985     1,987
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2035    400       464
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2035    500       579
34

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/2035    745       745
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2036    500       575
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2036    500       583
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/2036    635       635
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/2036    940       946
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2037    505       577
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/2037  1,100     1,100
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2039    570       645
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2040  1,000     1,127
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2042    730       811
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2045    605       654
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2046    745       794
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2047    750       790
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.250%   5/1/2050  1,895     2,008
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%   5/1/2055  1,325     1,362
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.500%   5/1/2055  2,005     2,150
  Magnolia CA School District GO 0.000%   8/1/2036     50        33
  Manteca Unified School District GO 5.250%   8/1/2050    330       358
  Marin Community College District GO, Prere. 4.000%  2/15/2027     65        66
  Miracosta Community College District GO 4.000%   8/1/2045    175       175
  Modesto High School District GO 5.250%   8/1/2050  1,000     1,085
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.250%  10/1/2048  1,540     1,664
  Montebello Unified School District GO 5.000%   8/1/2041    570       572
2 Montebello Unified School District GO 5.000%   8/1/2044     10        11
  Montebello Unified School District GO 4.000%   8/1/2046    675       660
2 Montebello Unified School District GO 5.000%   8/1/2050    415       429
2 Moorpark Unified School District GO 0.000%   8/1/2042    105        53
5 Moreno Valley CA Unified School District GO 3.000%   8/1/2050    285       216
5 Moreno Valley CA Unified School District GO 5.000%   8/1/2050    500       529
5 Moreno Valley CA Unified School District GO 4.750%   8/1/2052    200       205
2,8 Moreno Valley Public Financing Authority Electric Power & Light Revenue 5.250%   5/1/2051    380       409
2,8 Moreno Valley Public Financing Authority Electric Power & Light Revenue 5.250%   5/1/2056    295       314
  Mount San Antonio Community College District GO 5.875%   8/1/2028    585       615
  Mount San Antonio Community College District GO 5.000%   8/1/2044  1,525     1,602
  Mount San Antonio Community College District GO 0.000%   8/1/2045  1,285       537
  Mount San Antonio Community College District GO 0.000%   8/1/2046    670       263
  Mount San Antonio Community College District GO 2.250%   8/1/2046     10         7
  Mount San Antonio Community College District GO 4.000%   8/1/2046    100        99
  Mount San Antonio Community College District GO 4.000%   8/1/2049  1,410     1,355
  Mount San Antonio Community College District GO 4.000%   8/1/2049    400       387
  Mount San Antonio Community College District GO 2.375%   8/1/2051  2,000     1,323
3 Mount San Antonio Community College District GO, 6.250% coupon rate effective 8/1/2028 0.000%   8/1/2043    435       451
  Mount San Jacinto Community College District GO 4.000%   8/1/2043  2,620     2,620
5 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2045  1,000       982
5 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2050    330       310
5 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/2055  1,605     1,479
  Mountain View Capital Improvements Financing Authority Lease (Abatement) Revenue (Public Safety Building Projects) 5.000%   5/1/2051    750       804
  Mountain View Capital Improvements Financing Authority Lease (Abatement) Revenue (Public Safety Building Projects) 5.000%   5/1/2056  1,750     1,852
  Mountain View-Whisman School District GO 4.250%   9/1/2045    280       281
  Mountain View-Whisman School District GO, Prere. 4.000%   9/1/2026    150       151
  Mt San Antonio Community College District GO 5.000%   8/1/2027     55        57
  Mt San Antonio Community College District GO 5.250%   8/1/2055  1,230     1,322
  Municipal Improvement Corp. of Los Angeles Lease (Abatement) Revenue (Capital Equipment & Real Project) 5.000%   5/1/2031    250       277
2 Napa Valley Unified School District GO 4.000%   8/1/2044  1,420     1,420
2 Natomas Unified School District GO 4.000%   8/1/2045    650       638
2 Natomas Unified School District GO 4.000%   8/1/2049  2,150     2,041
2 New Haven Unified School District GO 0.000%   8/1/2033     75        60
2 New Haven Unified School District GO 0.000%   8/1/2034    145       111
  Newport Mesa Unified School District GO 0.000%   8/1/2032     90        75
  Newport Mesa Unified School District GO 0.000%   8/1/2033  2,000     1,613
  Newport Mesa Unified School District GO 0.000%   8/1/2035  1,000       744
  Newport Mesa Unified School District GO 0.000%   8/1/2036    270       192
  Newport Mesa Unified School District GO 0.000%   8/1/2037  2,000     1,365
  Newport Mesa Unified School District GO 0.000%   8/1/2038    640       417
  Newport Mesa Unified School District GO 0.000%   8/1/2039    270       160
  Newport Mesa Unified School District GO 0.000%   8/1/2041  2,500     1,338
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/2042     95        96
4 North Orange County CA Community College District GO 0.000%   8/1/2026  2,525     2,515
35

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  North Orange County CA Community College District GO 3.000%   8/1/2040    160       141
  North Orange County CA Community College District GO 4.000%   8/1/2044    980       982
  North Orange County CA Community College District GO 4.000%   8/1/2047    990       972
  Northern California Power Agency Electric Power & Light Revenue (Hydroelectric Projects) 5.000%   7/1/2030     85        93
  Northern California Power Agency Electric Power & Light Revenue (Hydroelectric Projects) 5.000%   7/1/2031    315       352
  Northern California Power Agency Electric Power & Light Revenue (Hydroelectric Projects) 5.000%   7/1/2032    345       392
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2027    255       266
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2027     40        42
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2028     30        32
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2029    185       202
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2029    235       257
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2030    240       268
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2030    265       295
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2031    280       318
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2032    750       865
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 3.000%  12/1/2034     40        40
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2034     85       100
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2035    205       239
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2036     25        29
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2037    455       525
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2038    380       435
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2039  1,765     2,008
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2041  1,415     1,527
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2045     60        64
  Northern California Sanitation Agencies Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2050    580       603
2 Norwalk-La Mirada Unified School District GO 0.000%   8/1/2038    250       152
  Novato CA Unified School District GO 2.375%   8/1/2045    565       407
  Oakland CA GO 3.250%  1/15/2040    255       236
  Oakland CA GO 3.250%  1/15/2044    600       521
  Oakland CA GO 2.500%  1/15/2047  1,000       702
  Oakland CA GO 3.000%  1/15/2050    115        86
  Oakland CA GO 5.500%  7/15/2053    270       289
  Oakland CA GO 5.500%  7/15/2053    180       192
  Oakland CA GO 5.000%  7/15/2055    505       526
  Ohlone Community College District GO 4.000%   8/1/2041    905       907
  Ohlone Community College District GO 4.000%   8/1/2045     60        59
2 Ontario International Airport Authority Port, Airport & Marina Revenue 5.000%  5/15/2046    555       586
2 Ontario International Airport Authority Port, Airport & Marina Revenue 4.000%  5/15/2051    405       385
  Ontario Public Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2050  1,000     1,057
  Ontario Public Financing Authority Lease (Abatement) Revenue 4.500%  11/1/2055    500       498
  Ontario Public Financing Authority Lease (Abatement) Revenue 5.250%  11/1/2055    500       534
  Orange County CA Airport Port, Airport & Marina Revenue, Prere. 5.000%   7/1/2027     65        67
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/2030    615       659
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/2031    140       150
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/2032    340       363
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/2033    150       160
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/2034    280       298
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/2035    480       510
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/2036    245       260
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/2038    200       231
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/2039    175       184
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/2040    250       285
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/2041    110       115
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/2041    425       482
  Orange County Municipal Water District Water Facilities Corp. Water Revenue 4.000%  8/15/2041    795       795
  Orange County Sanitation District Sewer Revenue 5.000%   2/1/2037     45        52
  Oxnard Union High School District GO 5.000%   8/1/2045    740       760
  Oxnard Union High School District GO 4.000%   8/1/2047    785       761
  Oxnard Union High School District GO, Prere. 5.000%   8/1/2026     50        50
  Palo Alto CA COP 2.000%  11/1/2039    270       211
  Palo Alto Unified School District GO 5.000%   8/1/2027    305       315
  Palo Alto Unified School District GO 5.000%   8/1/2028    820       869
  Palo Alto Unified School District GO 5.000%   8/1/2029  1,660     1,801
  Palo Alto Unified School District GO 5.000%   8/1/2030    635       704
  Palo Alto Unified School District GO 0.000%   8/1/2033  1,000       819
  Palo Alto Unified School District GO 3.250%   8/1/2042    300       281
  Palomar Community College District GO 4.000%   8/1/2045    650       642
  Palomar Community College District GO 5.250%   8/1/2045    850       865
  Palomar Community College District GO 4.000%   8/1/2046     65        64
3 Palomar Community College District GO, 6.375% coupon rate effective 8/1/2030 0.000%   8/1/2045     65        63
36

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Pasadena Area Community College District GO 5.000%   8/1/2048    200       210
  Pasadena Area Community College District GO 4.000%   8/1/2052    740       701
  Pasadena CA (Central Library Project) GO 5.000%   9/1/2054    500       528
  Pasadena Public Financing Authority Lease (Abatement) Revenue 0.000%   6/1/2041    400       215
  Pasadena Public Financing Authority Lease (Abatement) Revenue 0.000%   6/1/2048    475       172
  Pasadena Unified School District GO 5.000%   8/1/2027    500       515
  Pasadena Unified School District GO 5.000%   8/1/2028    445       470
  Pasadena Unified School District GO 4.000%   8/1/2035    140       140
  Pasadena Unified School District GO 3.000%   8/1/2036    235       221
  Pasadena Unified School District GO 5.250%   8/1/2045    400       447
  Pasadena Unified School District GO 5.250%   8/1/2046    300       333
  Pasadena Unified School District GO 5.250%   8/1/2047    300       330
  Pasadena Unified School District GO 5.250%   8/1/2050  1,105     1,202
  Peninsula Corridor Joint Powers Board Measure RR Sales Tax Revenue 5.000%   6/1/2047     10        10
  Peninsula Corridor Joint Powers Board Measure RR Sales Tax Revenue 5.000%   6/1/2051     85        88
  Peralta Community College District GO 5.000%   8/1/2026  2,250     2,260
  Peralta Community College District GO 5.000%   8/1/2031  1,000     1,125
  Peralta Community College District GO 5.000%   8/1/2038      5         6
  Peralta Community College District GO 5.000%   8/1/2039    200       229
  Peralta Community College District GO 5.250%   8/1/2042    615       678
  Peralta Community College District GO 5.000%   8/1/2050    500       527
  Peralta Community College District GO 5.500%   8/1/2052    715       761
  Peralta Community College District GO 5.000%   8/1/2054  1,000     1,047
2 Perris CA Union High School District GO 4.000%   9/1/2043    795       797
  Perris CA Union High School District GO 3.000%   9/1/2045    220       180
2 Perris CA Union High School District GO 4.000%   9/1/2048  1,110     1,065
2 Pittsburg Successor Agency Redevelopment Agency Tax Increment/Allocation Revenue 5.000%   9/1/2027    440       442
2 Pittsburg Successor Agency Redevelopment Agency Tax Increment/Allocation Revenue 5.000%   9/1/2028     95        96
2 Pittsburg Successor Agency Redevelopment Agency Tax Increment/Allocation Revenue 5.000%   9/1/2029    100       101
  Placentia-Yorba Linda Unified School District GO 0.000%   8/1/2042     70        37
  Placentia-Yorba Linda Unified School District GO 0.000%   8/1/2046    100        40
  Pleasanton Unified School District GO 4.000%   8/1/2048    465       446
  Pleasanton Unified School District GO 4.250%   8/1/2050    300       295
  Pleasanton Unified School District GO 5.000%   8/1/2050    500       529
  Pleasanton Unified School District GO 4.000%   8/1/2052    205       191
  Pleasanton Unified School District GO 4.500%   8/1/2052     10        10
  Pomona Unified School District GO 5.000%   8/1/2055    500       525
  Port of Los Angeles Port, Airport & Marina Revenue, Prere. 4.000%   8/1/2026     50        50
  Port of Los Angeles Port, Airport & Marina Revenue, Prere. 4.000%   8/1/2026  1,050     1,053
2 Porterville CA Sewer COP 4.000%  9/15/2027    200       204
  Poway Unified School District GO 0.000%   8/1/2029    100        92
  Poway Unified School District GO 0.000%   8/1/2031     90        78
2 Poway Unified School District GO 0.000%   8/1/2031    505       438
  Poway Unified School District GO 0.000%   8/1/2032    250       209
  Poway Unified School District GO 0.000%   8/1/2033  1,125       909
  Poway Unified School District GO 0.000%   8/1/2033  1,000       808
  Poway Unified School District GO 0.000%   8/1/2034  1,740     1,353
  Poway Unified School District GO 0.000%   8/1/2035    285       213
  Poway Unified School District GO 0.000%   8/1/2036     20        14
  Poway Unified School District GO 0.000%   8/1/2037  1,750     1,202
  Poway Unified School District GO 0.000%   8/1/2038    500       329
  Poway Unified School District GO 0.000%   8/1/2040    300       179
  Poway Unified School District GO 0.000%   8/1/2041    190       108
  Poway Unified School District GO 0.000%   8/1/2046  2,205       908
  Poway Unified School District GO 0.000%   8/1/2051  3,185     1,002
2 Rancho Santiago Community College District GO 5.125%   9/1/2028    200       213
2 Rancho Santiago Community College District GO 5.125%   9/1/2029    190       207
2 Ravenswood CA City School District GO 0.000%   8/1/2048  1,245       424
2 Ravenswood CA City School District GO 0.000%   8/1/2050  1,000       306
  Redlands Unified School District GO 5.000%   7/1/2050    190       200
  Redlands Unified School District GO 5.000%   7/1/2054    285       297
2 Rialto Unified School District GO 0.000%   8/1/2036    250       165
2,3 Rialto Unified School District GO, 7.350% coupon rate effective 8/1/2026 0.000%   8/1/2041     50        64
  Rio Hondo CA Community College District GO 0.000%   8/1/2035    100        73
  Rio Hondo CA Community College District GO 0.000%   8/1/2036    945       663
  Rio Hondo CA Community College District GO 6.625%   8/1/2042     10        12
  Rio Hondo CA Community College District GO 6.850%   8/1/2042    285       353
  Rio Hondo CA Community College District GO 0.000%   8/1/2043    500       226
  Rio Hondo CA Community College District GO 0.000%   8/1/2045  3,000     1,208
  Rio Hondo CA Community College District GO 4.375%   8/1/2055    980       981
37

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Rio Hondo CA Community College District GO 5.250%   8/1/2055    650       696
2 River Islands Public Financing Authority Special Tax Revenue 5.000%   9/1/2042  1,170     1,250
2 River Islands Public Financing Authority Special Tax Revenue 4.250%   9/1/2047    325       316
2 River Islands Public Financing Authority Special Tax Revenue 5.250%   9/1/2052  1,200     1,258
2 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2054    250        59
2 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2055    250        56
2 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2056    300        63
2 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2057    350        70
2 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2058    845       159
2 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2059    350        62
2 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2060    305        52
2 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2061    275        44
2 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2062    285        43
2 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2063    290        41
2 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2064    280        37
2 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2065    295        37
  Riverside CA Electric Power & Light Revenue 5.000%  10/1/2036    515       544
  Riverside CA Electric Power & Light Revenue 5.000%  10/1/2037    395       417
  Riverside CA Electric Power & Light Revenue 5.000%  10/1/2038  1,455     1,532
  Riverside CA Electric Power & Light Revenue 5.000%  10/1/2043    385       401
  Riverside CA Electric Power & Light Revenue 5.000%  10/1/2048  2,100     2,151
  Riverside CA Electric Power & Light Revenue 5.000%  10/1/2049    750       793
  Riverside Community College District GO 5.000%   8/1/2026     10        10
  Riverside Community College District GO 5.000%   8/1/2027    415       428
  Riverside Community College District GO 5.000%   8/1/2028    350       371
  Riverside Community College District GO 4.000%   8/1/2050  1,255     1,197
  Riverside Community College District GO 4.000%   8/1/2054  1,395     1,309
5 Riverside County Public Financing Authority Tax Increment/Allocation Revenue 5.000%  10/1/2032    370       422
5 Riverside County Public Financing Authority Tax Increment/Allocation Revenue 5.000%  10/1/2033    320       370
5 Riverside County Public Financing Authority Tax Increment/Allocation Revenue 5.000%  10/1/2034    460       538
5 Riverside County Public Financing Authority Tax Increment/Allocation Revenue 5.000%  10/1/2035    300       353
5 Riverside County Public Financing Authority Tax Increment/Allocation Revenue 5.000%  10/1/2036    500       582
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/2037  1,055     1,096
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/2038  1,280     1,326
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/2039    955       978
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/2040    800       818
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/2043     25        12
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/2046    600       589
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/2047  2,800     2,680
  Riverside County Transportation Commission Highway Revenue 3.000%   6/1/2049  1,180       894
  Riverside County Transportation Commission Sales Tax Revenue 5.000%   6/1/2026    365       365
  Riverside County Transportation Commission Sales Tax Revenue 5.000%   6/1/2027     95        98
  Riverside County Transportation Commission Sales Tax Revenue 5.000%   6/1/2028    285       296
  Riverside County Transportation Commission Sales Tax Revenue 5.000%   6/1/2030    230       239
  Riverside County Transportation Commission Sales Tax Revenue 5.000%   6/1/2031    680       705
  Riverside County Transportation Commission Sales Tax Revenue 5.000%   6/1/2032    795       824
  Riverside County Transportation Commission Sales Tax Revenue 5.000%   6/1/2033    220       228
  Riverside County Transportation Commission Sales Tax Revenue 5.000%   6/1/2034    305       315
  Riverside County Transportation Commission Sales Tax Revenue 5.000%   6/1/2035    335       346
  Riverside County Transportation Commission Sales Tax Revenue 4.000%   6/1/2036    200       202
  Riverside County Transportation Commission Sales Tax Revenue 5.000%   6/1/2037    785       808
  Riverside County Transportation Commission Sales Tax Revenue 5.000%   6/1/2038    160       165
  Riverside County Transportation Commission Sales Tax Revenue 5.000%   6/1/2039     45        46
  Riverside Unified School District GO 4.000%   8/1/2042    100       100
  Sacramento Area Flood Control Agency Special Assessment Revenue 5.000%  10/1/2041    420       422
  Sacramento Area Flood Control Agency Special Assessment Revenue 5.000%  10/1/2047  1,800     1,805
  Sacramento CA City Unified School District GO 4.000%   5/1/2047     50        45
2 Sacramento CA City Unified School District GO 4.000%   8/1/2049  1,505     1,452
2 Sacramento CA City Unified School District GO 5.000%   8/1/2050  2,080     2,179
2 Sacramento CA City Unified School District GO 5.000%   8/1/2050  1,090     1,142
5 Sacramento CA City Unified School District GO 5.500%   8/1/2052    725       755
2 Sacramento CA City Unified School District GO 5.000%   8/1/2053  1,000     1,041
2 Sacramento CA City Unified School District GO 5.500%   8/1/2053    355       384
2 Sacramento CA City Unified School District GO 4.000%   8/1/2054  1,005       945
2 Sacramento CA City Unified School District GO 5.000%   8/1/2054  1,305     1,357
2 Sacramento CA City Unified School District GO 5.500%   8/1/2054    535       578
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2043     40        41
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2043     90        92
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2048  2,075     2,108
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/2048    340       345
38

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
6 Sacramento City Financing Authority Lease (Abatement) Revenue (Master Lease Program) 5.250%  12/1/2030  1,065     1,153
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2040    300       343
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2041     35        35
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2041    270       270
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2041  1,900     2,137
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2043    305       337
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2044    100       110
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2049    660       694
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.250%   7/1/2049     90        97
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/2054  1,000     1,042
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.250%   7/1/2054    740       785
  Sacramento County Sanitation Districts Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/2028    120       128
  Sacramento Metropolitan Fire District GO 4.000%   8/1/2055    320       296
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2026     10        10
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2026    670       673
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2026    200       201
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2027    335       346
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2027     90        93
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2027    480       496
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2027    155       160
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2028    290       307
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2028    430       455
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2028    210       222
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2028     50        53
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2028    240       254
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000% 11/15/2029    315       342
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2030    170       184
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000% 11/15/2030     50        55
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000% 11/15/2031    100       113
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000% 11/15/2032     95       109
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000% 11/15/2033    135       157
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000% 11/15/2034    665       776
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2035    930     1,016
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000% 11/15/2035    525       608
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2036    170       185
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000% 11/15/2036    280       323
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000% 11/15/2036    190       219
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2037  1,350     1,440
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2037    990     1,075
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2038    550       595
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2039    330       351
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  9/15/2039  1,000     1,128
  Sacramento Municipal Utility District Electric Power & Light Revenue 4.000%  8/15/2040     50        51
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2040    860       909
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  9/15/2040  1,000     1,123
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2041    675       712
  Sacramento Municipal Utility District Electric Power & Light Revenue 4.000%  8/15/2045  1,070     1,066
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2048    645       685
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000% 11/15/2049    750       798
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2050  1,025     1,063
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/2053  1,435     1,506
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000% 11/15/2054  1,890     1,988
  Sacramento Municipal Utility District Electric Power & Light Revenue PUT 5.000% 10/15/2030  1,020     1,117
  Sacramento Municipal Utility District Electric Power & Light Revenue PUT 5.000% 10/15/2031  2,715     3,017
  Sacramento Municipal Utility District Electric Power & Light Revenue PUT 5.000% 10/15/2032  1,065     1,210
  Sacramento Transportation Authority Sales Tax Revenue 5.000%  10/1/2028     10        11
  Sacramento Transportation Authority Sales Tax Revenue 5.000%  10/1/2029  1,280     1,390
  Sacramento Transportation Authority Sales Tax Revenue 5.000%  10/1/2030    315       349
  Sacramento Transportation Authority Sales Tax Revenue 5.000%  10/1/2031     65        73
  Sacramento Transportation Authority Sales Tax Revenue 5.000%  10/1/2032    150       173
  Sacramento Transportation Authority Sales Tax Revenue 5.000%  10/1/2033    145       169
  Sacramento Transportation Authority Sales Tax Revenue 5.000%  10/1/2034     80        93
  Sacramento Transportation Authority Sales Tax Revenue 5.000%  10/1/2036    100       114
  Sacramento Transportation Authority Sales Tax Revenue 5.000%  10/1/2037    160       182
  Salinas Union High School District GO 5.000%   8/1/2048    745       794
2 San Bernardino City Unified School District GO 3.000%   8/1/2044  1,205     1,025
  San Bernardino Community College District GO 0.000%   8/1/2045    500       197
  San Bernardino Community College District GO 0.000%   8/1/2046     10         4
  San Bernardino Community College District GO 0.000%   8/1/2047  1,000       345
  San Bernardino Community College District GO 0.000%   8/1/2048    735       277
39

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Bernardino Community College District GO 0.000%   8/1/2048  2,000       649
  San Bernardino Community College District GO 0.000%   8/1/2049  2,000       612
  San Bernardino Community College District GO 4.125%   8/1/2049  1,110     1,084
  San Bernardino Community College District GO 4.125%   8/1/2049    150       146
  San Bernardino Community College District GO 5.000%   8/1/2049  1,300     1,360
  San Bernardino Community College District GO 0.000%   8/1/2050  2,000       577
  San Bernardino Community College District GO, Prere. 3.000%  8/16/2027    110       111
  San Bernardino Community College District GO, Prere. 4.000%  8/16/2027  1,395     1,422
  San Bernardino Community College District GO, Prere. 4.000%  8/16/2027    225       229
  San Bernardino County CA (Arrowhead Project) COP 5.000%  10/1/2026    775       782
  San Bernardino County CA (Arrowhead Project) COP 5.000%  10/1/2027    450       466
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/2042    425       432
  San Diego CA Unified School District GO 5.000%   7/1/2026    140       140
  San Diego CA Unified School District GO 5.000%   7/1/2026    160       160
  San Diego CA Unified School District GO 5.000%   7/1/2026     20        20
  San Diego CA Unified School District GO 5.000%   7/1/2026  2,000     2,004
2 San Diego CA Unified School District GO 5.500%   7/1/2026    150       150
  San Diego CA Unified School District GO 5.000%   7/1/2027    675       695
  San Diego CA Unified School District GO 5.000%   7/1/2027  2,450     2,519
2 San Diego CA Unified School District GO 5.500%   7/1/2027  1,095     1,135
  San Diego CA Unified School District GO 5.000%   7/1/2028    570       601
  San Diego CA Unified School District GO 5.000%   7/1/2028     70        74
  San Diego CA Unified School District GO 5.000%   7/1/2028    115       121
2 San Diego CA Unified School District GO 5.250%   7/1/2028     90        95
2 San Diego CA Unified School District GO 5.250%   7/1/2028    385       408
  San Diego CA Unified School District GO 0.000%   7/1/2029     65        60
  San Diego CA Unified School District GO 4.000%   7/1/2029    755       756
  San Diego CA Unified School District GO 5.000%   7/1/2029    305       306
  San Diego CA Unified School District GO 5.000%   7/1/2029    880       948
  San Diego CA Unified School District GO 5.000%   7/1/2029     75        81
  San Diego CA Unified School District GO 5.000%   7/1/2029  1,200     1,293
  San Diego CA Unified School District GO 0.000%   7/1/2030    295       263
  San Diego CA Unified School District GO 0.000%   7/1/2030  2,150     1,911
  San Diego CA Unified School District GO 5.000%   7/1/2030    145       160
  San Diego CA Unified School District GO 5.000%   7/1/2030    170       187
  San Diego CA Unified School District GO 5.000%   7/1/2030     95       105
  San Diego CA Unified School District GO 0.000%   7/1/2031    450       387
  San Diego CA Unified School District GO 4.000%   7/1/2031     55        55
  San Diego CA Unified School District GO 5.000%   7/1/2031    485       543
  San Diego CA Unified School District GO 5.000%   7/1/2031    205       230
  San Diego CA Unified School District GO 5.000%   7/1/2031    300       336
  San Diego CA Unified School District GO 0.000%   7/1/2032     20        17
  San Diego CA Unified School District GO 4.000%   7/1/2032  1,220     1,221
  San Diego CA Unified School District GO 4.000%   7/1/2032    215       230
  San Diego CA Unified School District GO 5.000%   7/1/2032    255       290
  San Diego CA Unified School District GO 5.000%   7/1/2032    330       376
  San Diego CA Unified School District GO 3.000%   7/1/2033    150       150
  San Diego CA Unified School District GO 4.000%   7/1/2033    140       140
  San Diego CA Unified School District GO 4.000%   7/1/2033    210       224
  San Diego CA Unified School District GO 5.000%   7/1/2034    330       385
  San Diego CA Unified School District GO 0.000%   7/1/2035    150       112
  San Diego CA Unified School District GO 0.000%   7/1/2036    145       103
  San Diego CA Unified School District GO 3.000%   7/1/2036    845       817
  San Diego CA Unified School District GO 4.000%   7/1/2036    110       114
  San Diego CA Unified School District GO 0.000%   7/1/2037    570       389
  San Diego CA Unified School District GO 3.000%   7/1/2037    425       408
  San Diego CA Unified School District GO 4.000%   7/1/2037    110       111
  San Diego CA Unified School District GO 0.000%   7/1/2038    210       137
  San Diego CA Unified School District GO 3.000%   7/1/2038  1,000       948
  San Diego CA Unified School District GO 0.000%   7/1/2039  1,495       930
  San Diego CA Unified School District GO 3.000%   7/1/2039     50        46
  San Diego CA Unified School District GO 0.000%   7/1/2040  1,000       594
  San Diego CA Unified School District GO 3.125%   7/1/2040     30        28
  San Diego CA Unified School District GO 5.000%   7/1/2040    340       378
  San Diego CA Unified School District GO 0.000%   7/1/2041     50        28
  San Diego CA Unified School District GO 5.000%   7/1/2041     55        61
  San Diego CA Unified School District GO 5.000%   7/1/2041    400       479
  San Diego CA Unified School District GO 0.000%   7/1/2042     45        24
  San Diego CA Unified School District GO 3.125%   7/1/2042    625       551
  San Diego CA Unified School District GO 5.000%   7/1/2042     90        98
40

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Diego CA Unified School District GO 5.000%   7/1/2042     75        83
  San Diego CA Unified School District GO 5.000%   7/1/2042    535       639
  San Diego CA Unified School District GO 0.000%   7/1/2043    590       301
  San Diego CA Unified School District GO 5.000%   7/1/2043    370       404
  San Diego CA Unified School District GO 5.000%   7/1/2043    395       436
  San Diego CA Unified School District GO 5.000%   7/1/2043    685       816
  San Diego CA Unified School District GO 0.000%   7/1/2044  3,385     1,623
  San Diego CA Unified School District GO 3.000%   7/1/2044     90        76
  San Diego CA Unified School District GO 4.000%   7/1/2044    640       641
  San Diego CA Unified School District GO 5.000%   7/1/2044    660       723
  San Diego CA Unified School District GO 5.000%   7/1/2044    500       591
  San Diego CA Unified School District GO 0.000%   7/1/2045  1,760       798
  San Diego CA Unified School District GO 0.000%   7/1/2045    100        45
  San Diego CA Unified School District GO 2.000%   7/1/2045    895       607
  San Diego CA Unified School District GO 2.250%   7/1/2045    150       107
  San Diego CA Unified School District GO 5.000%   7/1/2045  1,030     1,200
  San Diego CA Unified School District GO 4.000%   7/1/2046  1,720     1,702
  San Diego CA Unified School District GO 5.000%   7/1/2046    350       382
  San Diego CA Unified School District GO 5.000%   7/1/2046     10        11
  San Diego CA Unified School District GO 4.000%   7/1/2047  2,255     2,202
  San Diego CA Unified School District GO 4.250%   7/1/2047     10        10
  San Diego CA Unified School District GO 4.450%   7/1/2047    100       102
  San Diego CA Unified School District GO 5.000%   7/1/2047    210       213
  San Diego CA Unified School District GO 5.000%   7/1/2047    350       378
  San Diego CA Unified School District GO 5.000%   7/1/2047    970     1,047
  San Diego CA Unified School District GO 3.250%   7/1/2048    525       433
  San Diego CA Unified School District GO 5.000%   7/1/2048  2,565     2,718
  San Diego CA Unified School District GO 5.000%   7/1/2048    110       117
  San Diego CA Unified School District GO 0.000%   7/1/2049  2,835     1,008
  San Diego CA Unified School District GO 4.000%   7/1/2049    495       478
  San Diego CA Unified School District GO 5.000%   7/1/2049    990     1,053
  San Diego CA Unified School District GO 2.300%   7/1/2050     45        29
  San Diego CA Unified School District GO 3.000%   7/1/2050  1,560     1,180
  San Diego CA Unified School District GO 4.000%   7/1/2050  2,225     2,138
  San Diego CA Unified School District GO 4.000%   7/1/2050     20        19
  San Diego CA Unified School District GO 4.125%   7/1/2050  1,210     1,186
  San Diego CA Unified School District GO 5.000%   7/1/2050  2,505     2,672
  San Diego CA Unified School District GO 4.000%   7/1/2051     50        48
  San Diego CA Unified School District GO 4.250%   7/1/2052  1,270     1,246
  San Diego CA Unified School District GO 4.550%   7/1/2052    550       554
  San Diego CA Unified School District GO 4.000%   7/1/2053  1,990     1,879
  San Diego CA Unified School District GO 4.000%   7/1/2053  2,270     2,143
  San Diego CA Unified School District GO 5.000%   7/1/2053    560       587
  San Diego CA Unified School District GO 4.000%   7/1/2054  1,720     1,619
  San Diego CA Unified School District GO 5.000%   7/1/2055  1,530     1,616
3 San Diego CA Unified School District GO, 5.250% coupon rate effective 7/1/2032 0.000%   7/1/2042    185       164
3 San Diego CA Unified School District GO, 5.375% coupon rate effective 7/1/2032 0.000%   7/1/2047  1,000       854
3 San Diego CA Unified School District GO, 6.625% coupon rate effective 7/1/2030 0.000%   7/1/2040    755       830
3 San Diego CA Unified School District GO, 6.625% coupon rate effective 7/1/2030 0.000%   7/1/2041  1,500     1,617
3 San Diego CA Unified School District GO, 6.625% coupon rate effective 7/1/2030 0.000%   7/1/2047    440       439
3 San Diego CA Unified School District GO, 6.625% coupon rate effective 7/1/2030 0.000%   7/1/2048    330       325
  San Diego Community College District GO 5.000%   8/1/2027    340       342
  San Diego Community College District GO 5.000%   8/1/2027    155       160
  San Diego Community College District GO 5.000%   8/1/2028    295       296
  San Diego Community College District GO 5.000%   8/1/2030  1,165     1,289
  San Diego Community College District GO 3.000%   8/1/2034    420       416
  San Diego Community College District GO 4.000%   8/1/2042    260       264
  San Diego Community College District GO 5.000%   8/1/2042    310       350
  San Diego Community College District GO 4.000%   8/1/2043    995     1,007
  San Diego Community College District GO 5.000%   8/1/2043     40        45
  San Diego Community College District GO 5.000%   8/1/2044    245       273
  San Diego Community College District GO 5.000%   8/1/2045    110       121
  San Diego Community College District GO 4.000%   8/1/2050  2,415     2,338
  San Diego Community College District GO 5.000%   8/1/2055  3,275     3,451
  San Diego Community College District GO, Prere. 4.000%   8/1/2026    500       501
  San Diego Community College District GO, Prere. 4.000%   8/1/2026    990       993
  San Diego Community College District GO, Prere. 5.000%   8/1/2026    180       181
  San Diego Community College District GO, Prere. 5.000%   8/1/2026    790       793
  San Diego Community College District GO, Prere. 5.000%   8/1/2026    255       256
  San Diego Community College District GO, Prere. 5.000%   8/1/2026    220       221
41

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Diego Community College District GO, Prere. 6.000%   8/1/2027     80        83
  San Diego County CA COP 5.000%  10/1/2048  1,040     1,098
  San Diego County CA COP 5.000%  10/1/2053    740       773
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2032    280       301
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2033    475       510
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2034    110       118
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2035    160       171
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2036     15        16
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/2038    440       447
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2039    210       222
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2042  1,160     1,180
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2044  1,440     1,501
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2044     30        30
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/2046    215       212
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2046    700       738
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2047  1,060     1,071
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2049  2,065     2,117
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.250%   7/1/2050    200       216
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/2051    610       573
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2051  1,610     1,666
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.250%   7/1/2055    750       803
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/2056  2,220     2,041
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2056  2,135     2,199
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2028    805       848
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2029    135       145
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2030    495       545
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2031    680       763
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2031    255       286
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2032    420       480
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2033  1,000     1,158
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2034     30        35
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2034  1,055     1,235
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2035     40        46
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2035    625       738
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2036    250       298
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2037    290       328
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2040    250       289
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2042    250       285
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2045  1,565     1,653
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2046    250       275
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/2048    180       187
  San Diego County Water Authority Intergovernmental Agreement Revenue 5.000%   5/1/2047  1,285     1,360
  San Diego County Water Authority Intergovernmental Agreement Revenue 5.000%   5/1/2052  1,695     1,761
  San Diego County Water Authority Water Revenue 5.000%   5/1/2028  2,085     2,189
  San Diego County Water Authority Water Revenue 5.000%   5/1/2028    300       300
  San Diego County Water Authority Water Revenue 5.000%   5/1/2030    435       479
  San Diego County Water Authority Water Revenue 5.000%   5/1/2030    195       215
  San Diego County Water Authority Water Revenue 5.000%   5/1/2031     80        90
  San Diego County Water Authority Water Revenue 5.000%   5/1/2031    180       202
  San Diego County Water Authority Water Revenue 5.000%   5/1/2032     45        50
  San Diego County Water Authority Water Revenue 4.000%   5/1/2033     95       101
  San Diego County Water Authority Water Revenue 4.000%   5/1/2034     80        85
  San Diego County Water Authority Water Revenue 4.000%   5/1/2035    220       232
  San Diego County Water Authority Water Revenue 4.000%   5/1/2036     90        95
  San Diego County Water Authority Water Revenue 4.000%   5/1/2037    325       340
  San Diego County Water Authority Water Revenue 4.000%   5/1/2038     15        16
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2028    500       525
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2030    400       439
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2032    750       850
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2034    500       579
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2035    500       585
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2036  1,000     1,176
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   8/1/2045    440       441
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2047    780       821
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.250%   8/1/2047  1,815     1,873
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.250%   8/1/2048  1,520     1,634
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2049    110       117
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 3.000%   8/1/2049  1,235       950
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%   8/1/2049     90        96
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2051  1,105     1,181
42

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2052    730       760
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   8/1/2052  1,240     1,178
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2054  1,205     1,264
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%   8/1/2055    500       527
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/2056  1,165     1,230
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2028    145       154
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2029     10        11
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2030    455       502
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2031    505       566
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2032    355       403
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2033    150       173
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2034    530       616
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2035    545       639
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2036    250       291
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2037    260       301
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2038    290       334
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2042    500       561
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2043    320       356
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2044    160       176
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2045    315       344
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2046    500       541
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.000% 10/15/2050    500       529
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue 5.250% 10/15/2055  2,155     2,298
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/2046    190       198
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 4.000% 10/15/2048    750       725
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/2049    340       360
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 4.000% 10/15/2050  1,155     1,103
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.250% 10/15/2052    740       781
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/2054    380       396
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/2026  1,115     1,119
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/2027    725       728
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/2028    535       537
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/2032     15        15
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/2033    430       431
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/2034    300       301
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/2035    255       256
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/2036    390       391
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/2037     75        75
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2026    710       713
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2026  2,345     2,355
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2027    100       103
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2028    140       148
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2028      5         5
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2029    205       222
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2029     85        92
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2030    300       324
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2030    275       304
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2030    270       298
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2031    115       129
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2031     55        62
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2032    840       962
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2033    400       465
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2033    305       354
  San Francisco Bay Area Rapid Transit District GO 4.000%   8/1/2035    285       294
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2035    170       182
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2035  1,635     1,942
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2035    320       380
  San Francisco Bay Area Rapid Transit District GO 3.000%   8/1/2036     45        43
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2036  1,045     1,074
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2036    300       354
  San Francisco Bay Area Rapid Transit District GO 3.000%   8/1/2037     75        71
  San Francisco Bay Area Rapid Transit District GO 4.000%   8/1/2037    315       317
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2037  1,255     1,471
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2037    235       241
  San Francisco Bay Area Rapid Transit District GO 3.000%   8/1/2038    150       140
  San Francisco Bay Area Rapid Transit District GO 3.000%   8/1/2038    315       294
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2038     45        52
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2039    200       220
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2039    620       716
  San Francisco Bay Area Rapid Transit District GO 2.000%   8/1/2040    285       208
43

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2040  2,245     2,584
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2041  1,045     1,192
  San Francisco Bay Area Rapid Transit District GO 4.000%   8/1/2042    250       250
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2042    300       340
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2043  1,280     1,438
  San Francisco Bay Area Rapid Transit District GO 4.000%   8/1/2044    875       875
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2044    685       761
  San Francisco Bay Area Rapid Transit District GO 4.000%   8/1/2045  1,250     1,236
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2045  1,210     1,331
  San Francisco Bay Area Rapid Transit District GO 2.000%   8/1/2046    340       219
  San Francisco Bay Area Rapid Transit District GO 4.000%   8/1/2047  1,135     1,107
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/2047    775       785
  San Francisco Bay Area Rapid Transit District GO 5.250%   8/1/2047    575       612
  San Francisco Bay Area Rapid Transit District GO 3.000%   8/1/2049    185       141
  San Francisco Bay Area Rapid Transit District GO 3.000%   8/1/2050  2,825     2,129
2 San Francisco Bay Area Rapid Transit District GO 3.000%   8/1/2050    500       380
  San Francisco Bay Area Rapid Transit District GO 4.250%   8/1/2052  3,715     3,670
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/2032     90        91
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/2036    425       427
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/2037    370       372
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/2038    540       542
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/2039  1,130     1,134
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 3.000%   7/1/2044    250       211
  San Francisco CA City & County (49 South Van Ness Project) COP 4.000%   4/1/2032     70        71
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 4.000%   4/1/2045    100       100
  San Francisco CA City & County Community Facilities District No. 2014-1 Special Tax Revenue 5.000%   9/1/2047    885       915
  San Francisco CA City & County COP 5.000%   4/1/2030    505       552
  San Francisco CA City & County COP 5.000%   4/1/2032    500       565
  San Francisco CA City & County COP 5.000%   4/1/2034  1,000     1,161
  San Francisco CA City & County COP 5.000%   4/1/2035  1,000     1,170
  San Francisco CA City & County COP 5.000%   4/1/2037    500       575
  San Francisco CA City & County COP 5.000%   4/1/2038    800       912
  San Francisco CA City & County COP 4.000%   4/1/2039    500       500
  San Francisco CA City & County COP 5.000%   4/1/2039    400       452
  San Francisco CA City & County COP 5.000%   4/1/2040    300       338
  San Francisco CA City & County COP 5.000%   4/1/2041    500       560
  San Francisco CA City & County GO 5.000%  6/15/2026    260       260
  San Francisco CA City & County GO 5.000%  6/15/2026    320       320
  San Francisco CA City & County GO 5.000%  6/15/2027    345       355
  San Francisco CA City & County GO 5.000%  6/15/2027    100       103
  San Francisco CA City & County GO 5.000%  6/15/2028     60        63
  San Francisco CA City & County GO 5.000%  6/15/2028    335       353
  San Francisco CA City & County GO 5.000%  6/15/2029    260       280
  San Francisco CA City & County GO 5.000%  6/15/2029    880       927
  San Francisco CA City & County GO 5.000%  6/15/2029  1,085     1,170
  San Francisco CA City & County GO 5.000%  6/15/2030    265       292
  San Francisco CA City & County GO 5.000%  6/15/2030    295       311
  San Francisco CA City & County GO 5.000%  6/15/2030    480       529
  San Francisco CA City & County GO 5.000%  6/15/2031    325       342
  San Francisco CA City & County GO 5.000%  6/15/2031    120       135
  San Francisco CA City & County GO 5.000%  6/15/2031    410       461
  San Francisco CA City & County GO 4.000%  6/15/2032      5         5
  San Francisco CA City & County GO 5.000%  6/15/2032    175       200
  San Francisco CA City & County GO 5.000%  6/15/2032    315       360
  San Francisco CA City & County GO 5.000%  6/15/2033    255       291
  San Francisco CA City & County GO 5.000%  6/15/2033    105       122
  San Francisco CA City & County GO 5.000%  6/15/2034    295       345
  San Francisco CA City & County GO 5.000%  6/15/2035    210       244
  San Francisco CA City & County GO 2.000%  6/15/2039    175       135
  San Francisco CA City & County Lease COP 5.000%   4/1/2036    245       284
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2026    180       182
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2026     35        35
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2026    250       253
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2026    500       505
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2027    755       763
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2027     15        16
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2027    480       498
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2027    185       192
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2028    465       470
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2028    375       389
44

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2029     10        10
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2029    520       540
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2029    215       233
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/2030     25        25
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2030    205       227
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2030    245       254
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2030    630       697
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2031    110       124
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2031    380       427
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2031    620       697
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2032    490       507
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2032    195       222
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2032     15        15
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2032    295       336
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2032    500       570
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2033    360       416
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2033     10        12
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2034    260       269
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2034    325       373
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2034  2,180     2,542
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2035  1,095     1,251
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2035    250       292
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2035    500       588
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/2036    520       521
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2036    175       199
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2036    250       290
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2036     50        58
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/2038  1,110     1,166
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2038    387       435
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2038     10        12
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/2039  4,305     4,306
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2039    410       458
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2039    205       245
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/2040     40        42
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/2040    500       524
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2040  1,100     1,320
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/2041    940       966
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2043     35        38
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2045    430       454
  San Francisco CA Public Utilities Commission Water Revenue 5.250%  11/1/2048  1,045     1,123
  San Francisco CA Public Utilities Commission Water Revenue 3.000%  11/1/2050  2,280     1,737
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/2050    205       197
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/2050  1,395     1,340
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2050    200       207
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2050    300       303
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2051    420       446
  San Francisco CA Public Utilities Commission Water Revenue 5.250%  11/1/2052    915       974
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/2055  2,700     2,846
  San Francisco CA Public Utilities Commission Water Revenue 5.250%  11/1/2055  1,100     1,182
  San Francisco City & County Airport Commission San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2045    250       272
  San Francisco City & County Airport Commission San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2046    500       539
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2027     85        87
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2027     90        92
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2028    140       147
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2028     85        89
8 San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2029    500       536
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2030    190       204
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2031    180       193
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2031    110       123
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2032    225       241
45

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2032    160       178
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2033    400       427
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2034    275       293
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2034    125       138
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2035     50        53
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2035    190       210
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2036     75        79
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2036    250       275
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2037    940       994
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/2038     30        31
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2038    175       185
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2039    150       158
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2042     50        55
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2043    615       667
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2044    165       179
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2046  1,130     1,130
8 San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2046  1,000     1,085
8 San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.250%   5/1/2046    770       852
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2047  3,715     3,751
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2048  2,300     2,340
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.250%   5/1/2048  1,420     1,520
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2049  1,530     1,565
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2049    415       438
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2050  1,835     1,873
8 San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2051    515       545
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/2052  1,595     1,507
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2052  2,255     2,336
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2053    135       142
8 San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/2056    575       604
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue (San Francisco Airport Commission Project) 5.000%   5/1/2029     50        54
1 San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue VRDO 1.150%   6/3/2026  6,300     6,300
  San Francisco City & County Public Utilities Commission Power Electric Power & Light Revenue 5.000%  11/1/2048     55        58
  San Francisco City & County Public Utilities Commission Power Electric Power & Light Revenue 4.000%  11/1/2051    665       632
  San Francisco City & County Public Utilities Commission Power Electric Power & Light Revenue 4.000%  11/1/2051    585       556
  San Francisco City & County Public Utilities Commission Power Electric Power & Light Revenue 5.000%  11/1/2053  1,150     1,197
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2026    800       807
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2028  1,495     1,584
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2028     40        42
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2029    315       341
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2029    130       141
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2030    415       458
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2030     30        33
46

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2031    605       679
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2031    100       112
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2032    255       290
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2033    180       204
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2034  1,600     1,806
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2034     10        11
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2035    145       163
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2036    400       447
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2037    220       245
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2038    300       332
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2038     70        80
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2039     10        11
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2039    380       429
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2040    225       254
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.250%  10/1/2040    110       123
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2041     75        82
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2041    220       247
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 4.000%  10/1/2042  2,170     2,136
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2042    345       385
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.250%  10/1/2042    175       194
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 4.000%  10/1/2043    790       787
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2043  1,010     1,038
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2043    900       973
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2043    225       249
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2044    675       726
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2045  1,060     1,153
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 4.000%  10/1/2046    200       191
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2046    165       175
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 4.000%  10/1/2048    775       756
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 4.000%  10/1/2049    135       131
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2049    540       573
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 4.000%  10/1/2050    390       375
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 4.000%  10/1/2051    475       453
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2054  2,805     2,946
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/2054    240       252
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue PUT 4.000%  10/1/2029  3,490     3,622
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue, ETM 1.000%  10/1/2026  2,400     2,389
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue, Prere. 5.000%   4/1/2028      5         5
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue, Prere. 5.000%  10/1/2032     60        69
4 San Francisco City & County Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/2041  1,820     1,824
5 San Francisco Community College District GO 5.000%  6/15/2026    300       300
  San Francisco Community College District GO 2.250%  6/15/2045    325       220
  San Francisco Community College District GO 3.000%  6/15/2045    790       652
  San Francisco Community College District GO 4.000%  6/15/2045    710       702
5 San Francisco Community College District GO 5.250%  6/15/2049  1,470     1,575
  San Francisco County Transportation Authority Sales Tax Revenue 4.000%   2/1/2027    265       268
  San Francisco County Transportation Authority Sales Tax Revenue 4.000%   2/1/2028     85        86
  San Francisco County Transportation Authority Sales Tax Revenue 4.000%   2/1/2029    275       278
  San Francisco County Transportation Authority Sales Tax Revenue 3.000%   2/1/2030    210       209
  San Francisco County Transportation Authority Sales Tax Revenue 3.000%   2/1/2031     85        83
  San Francisco County Transportation Authority Sales Tax Revenue 3.000%   2/1/2032    175       171
  San Francisco County Transportation Authority Sales Tax Revenue 3.000%   2/1/2033    370       358
  San Francisco County Transportation Authority Sales Tax Revenue 3.000%   2/1/2034    245       236
  San Francisco Municipal Transportation Agency Transit Revenue 4.000%   3/1/2046    700       678
  San Francisco Municipal Transportation Agency Transit Revenue 4.000%   3/1/2046    700       680
  San Francisco Municipal Transportation Agency Transit Revenue 4.000%   3/1/2051    810       748
  San Francisco Municipal Transportation Agency Transit Revenue 5.000%   3/1/2051     45        46
  San Francisco Unified School District GO 5.000%  6/15/2026    880       881
  San Francisco Unified School District GO 5.000%  6/15/2026  1,000     1,001
  San Francisco Unified School District GO 5.000%  6/15/2027    495       508
  San Francisco Unified School District GO 4.000%  6/15/2033  5,000     5,003
  San Francisco Unified School District GO 4.000%  6/15/2034     35        35
  San Francisco Unified School District GO 3.500%  6/15/2035    215       214
  San Francisco Unified School District GO 5.000%  6/15/2038    225       241
  San Francisco Unified School District GO 3.000%  6/15/2039  1,325     1,204
  San Francisco Unified School District GO 5.000%  6/15/2039     55        59
  San Francisco Unified School District GO 3.000%  6/15/2040    940       840
  San Francisco Unified School District GO 5.000%  6/15/2041    235       248
  San Joaquin County Transportation Authority Measure K Sales Tax Revenue 4.000%   3/1/2041    965       959
47

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
4 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/2028     10        10
4 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/2032    295       245
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 5.000%  1/15/2033    505       552
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/2034  1,285     1,329
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/2034     15        16
4 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/2036    125        89
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 5.250%  1/15/2049    325       325
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/2050  1,005       903
  San Joaquin Hills Transportation Corridor Agency Highway Revenue, ETM 0.000%   1/1/2027    285       281
  San Joaquin Hills Transportation Corridor Agency Highway Revenue, ETM 0.000%   1/1/2028    175       168
  San Jose CA GO 5.000%   9/1/2028    300       318
  San Jose CA GO 5.000%   9/1/2029    290       311
  San Jose CA GO 5.000%   9/1/2030    100       107
  San Jose CA GO 5.000%   9/1/2031    525       562
  San Jose CA GO 5.000%   9/1/2032  1,240     1,325
  San Jose CA GO 5.000%   9/1/2033    150       160
  San Jose CA GO 5.000%   9/1/2034    180       192
  San Jose CA GO 5.000%   9/1/2047    100       103
  San Jose Evergreen Community College District GO 3.000%   9/1/2041     65        59
  San Jose Evergreen Community College District GO 4.000%   9/1/2042     25        26
  San Jose Evergreen Community College District GO 4.000%   9/1/2045    585       588
  San Jose Financing Authority Intergovernmental Agreement Revenue 5.000%  11/1/2047  1,000     1,065
  San Jose Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   8/1/2026    185       186
  San Jose Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   8/1/2027    490       505
  San Jose Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   8/1/2034    370       379
  San Jose Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   8/1/2035    705       721
  San Jose Unified School District GO 2.125%   8/1/2038    175       140
  San Jose Unified School District GO 5.250%   8/1/2050    400       433
  San Juan Unified School District GO 5.000%   8/1/2026    170       171
  San Juan Unified School District GO 5.000%   8/1/2027     10        10
  San Juan Unified School District GO 4.000%   8/1/2029    800       802
  San Juan Unified School District GO 4.000%   8/1/2030    745       746
  San Juan Unified School District GO 4.000%   8/1/2046    585       580
  San Juan Unified School District GO 4.000%   8/1/2049    735       709
  San Luis Coastal Unified School District GO 4.000%   8/1/2046    500       494
  San Luis Coastal Unified School District GO 5.000%   8/1/2050     25        26
5 San Luis Obispo County Financing Authority Water Revenue 4.000%   9/1/2038    150       150
  San Marcos Unified School District GO 4.000%   8/1/2038    175       176
  San Marcos Unified School District GO 0.000%   8/1/2047     65        25
  San Marcos Unified School District GO 5.250%   8/1/2050  1,580     1,706
  San Marcos Unified School District GO 0.000%   8/1/2051  1,380       445
  San Marcos Unified School District GO 5.250%   8/1/2055    465       498
  San Mateo CA Foster City School District GO 4.000%   8/1/2048  1,080     1,066
  San Mateo CA Foster City School District GO 2.500%   8/1/2051     20        13
  San Mateo CA Foster City School District GO 4.000%   8/1/2051    455       440
  San Mateo CA Foster City School District GO 5.000%   8/1/2051    500       525
4 San Mateo County Community College District GO 0.000%   9/1/2027    105       102
4 San Mateo County Community College District GO 0.000%   9/1/2030     50        44
4 San Mateo County Community College District GO 0.000%   9/1/2032    125       103
4 San Mateo County Community College District GO 0.000%   9/1/2034    175       134
4 San Mateo County Community College District GO 0.000%   9/1/2036    320       225
  San Mateo County Community College District GO 5.000%   9/1/2045  2,235     2,312
  San Mateo County Transit District Sales Tax Revenue 5.000%   6/1/2032    190       218
  San Mateo County Transit District Sales Tax Revenue 5.000%   6/1/2033    260       302
1 San Mateo County Transit District Sales Tax Revenue VRDO 2.350%   6/1/2026  4,225     4,225
  San Mateo Foster City CA School District GO 2.500%   8/1/2046    100        72
3 San Mateo Foster City CA School District GO, 6.625% coupon rate effective 8/1/2026 0.000%   8/1/2042  1,305     1,482
  San Mateo Foster City Public Financing Authority Sewer Revenue (Clean Water Program) 4.000%   8/1/2044  1,015     1,009
  San Mateo Foster City Public Financing Authority Sewer Revenue (Clean Water Program) 5.000%   8/1/2049  2,320     2,424
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 3.000%  6/15/2046    370       296
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 2.500%  6/15/2055  2,050     1,339
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 4.000%  7/15/2052    865       818
4 San Mateo Union High School District GO 0.000%   9/1/2026  1,000       994
3 San Mateo Union High School District GO, 6.700% coupon rate effective 9/1/2028 0.000%   9/1/2041  1,970     2,163
3 San Mateo Union High School District GO, 6.875% coupon rate effective 9/1/2034 0.000%   9/1/2046    100        80
3 San Mateo Union High School District GO, 7.000% coupon rate effective 9/1/2034 0.000%   7/1/2051    515       398
2 Sanger Unified School District (Capital Projects) COP 5.000%   6/1/2045  1,205     1,246
2 Sanger Unified School District (Capital Projects) COP 5.000%   6/1/2049    440       440
  Santa Barbara Finance Authority Lease (Abatement) Revenue (Public Safety & Park Projects) 4.000%  5/15/2054    210       198
  Santa Barbara Secondary High School District GO 0.000%   8/1/2040  2,855     1,575
48

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Santa Barbara Secondary High School District GO 0.000%   8/1/2041    595       329
  Santa Clara County CA GO 5.000%   8/1/2031    350       360
  Santa Clara County CA GO 5.000%   8/1/2032     65        67
  Santa Clara County CA GO 5.000%   8/1/2033     10        10
  Santa Clara County CA GO 3.000%   8/1/2035    405       395
  Santa Clara County CA GO 3.000%   8/1/2036    350       341
  Santa Clara County CA GO 3.250%   8/1/2039    310       290
  Santa Clara County Financing Authority Lease (Abatement) Revenue 4.000%  5/15/2032     90        90
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%  5/15/2034     55        53
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%  5/15/2035    370       352
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/2037    200       188
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%  5/15/2037    910       849
  Santa Clara County Financing Authority Lease (Abatement) Revenue 4.000%   4/1/2043    895       897
  Santa Clara County Financing Authority Lease (Abatement) Revenue 4.000%   5/1/2045  2,010     1,999
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.125%   5/1/2047    810       657
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.750%  11/1/2048    500       459
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.125%   5/1/2049    655       516
  Santa Clara County Financing Authority Lease (Abatement) Revenue 4.000%  11/1/2051    500       477
  Santa Clara County Financing Authority Lease (Abatement) Revenue 4.000%  11/1/2053    500       476
  Santa Clara County Financing Authority Lease (Abatement) Revenue 4.125%  11/1/2055  1,000       951
  Santa Clara Unified School District GO 4.000%   7/1/2027    105       107
  Santa Clara Unified School District GO 4.000%   7/1/2028    320       331
  Santa Clara Unified School District GO 4.000%   7/1/2029  1,080     1,135
  Santa Clara Unified School District GO 5.000%   7/1/2031     90       102
  Santa Clara Unified School District GO 4.000%   7/1/2032    275       298
  Santa Clara Unified School District GO 3.000%   7/1/2034    685       679
  Santa Clara Unified School District GO 3.000%   7/1/2035    640       630
  Santa Clara Unified School District GO 3.000%   7/1/2036    120       117
  Santa Clara Unified School District GO 4.000%   7/1/2041  2,565     2,565
  Santa Clara Unified School District GO 3.500%   7/1/2042    200       192
  Santa Clara Unified School District GO 3.250%   7/1/2044    845       750
  Santa Clara Unified School District GO 4.000%   7/1/2048    200       194
  Santa Clara Valley Transportation Authority Sales Tax Revenue 5.000%   4/1/2027    200       204
  Santa Clara Valley Transportation Authority Sales Tax Revenue 5.000%   4/1/2028    565       592
  Santa Clara Valley Transportation Authority Sales Tax Revenue 5.000%   4/1/2029  1,255     1,350
  Santa Clara Valley Transportation Authority Sales Tax Revenue 5.000%   4/1/2030     80        88
  Santa Clara Valley Transportation Authority Sales Tax Revenue 5.000%   4/1/2031    215       241
  Santa Clara Valley Transportation Authority Sales Tax Revenue 5.000%   4/1/2032    230       262
  Santa Clara Valley Transportation Authority Sales Tax Revenue 5.000%   4/1/2033    740       856
  Santa Clara Valley Transportation Authority Sales Tax Revenue 5.000%   4/1/2034    820       943
  Santa Clara Valley Transportation Authority Sales Tax Revenue 5.000%   4/1/2035     15        17
  Santa Clara Valley Transportation Authority Sales Tax Revenue 5.000%   4/1/2036    155       176
  Santa Clara Valley Water District Safe Clean Water Lease (Non-Terminable) Revenue 5.000%   8/1/2047    515       545
  Santa Clara Valley Water District Safe Clean Water Revenue COP 5.000%  12/1/2026    195       197
  Santa Clara Valley Water District Water Revenue 5.000%   6/1/2050     70        74
  Santa Clara Valley Water District Water Revenue 5.000%   6/1/2052    175       184
  Santa Clara Valley Water District Water Revenue 5.000%   6/1/2054     55        58
  Santa Monica Community College District GO 5.000%   8/1/2043  3,140     3,243
  Santa Monica Community College District GO 4.000%   8/1/2045  1,000       995
  Santa Monica Community College District GO 5.000%   8/1/2045    625       667
  Santa Monica Community College District GO 4.000%   8/1/2047    115       112
  Santa Monica-Malibu Unified School District GO 5.000%   8/1/2040    810       885
  Santa Monica-Malibu Unified School District GO 5.000%   8/1/2041  1,105     1,204
  Santa Monica-Malibu Unified School District GO 4.000%   8/1/2044    285       285
  Santa Monica-Malibu Unified School District GO 2.250%   8/1/2047    155       104
  Santa Monica-Malibu Unified School District GO 5.000%   8/1/2050  1,560     1,645
  Santa Monica-Malibu Unified School District GO 4.250%   8/1/2052    200       199
  Santa Monica-Malibu Unified School District GO 5.000%   8/1/2054  1,190     1,244
  Santa Monica-Malibu Unified School District GO 4.125%   8/1/2055    250       242
  Santa Monica-Malibu Unified School District GO 5.000%   8/1/2055    840       877
  Santa Rosa CA Wastewater Sewer Revenue 5.000%   9/1/2033    625       687
  Santa Rosa CA Wastewater Sewer Revenue 5.000%   9/1/2034     40        44
  Santa Rosa CA Wastewater Sewer Revenue 5.000%   9/1/2035     95       104
  Santa Rosa High School District GO 4.000%   8/1/2049    480       465
  Santa Rosa High School District GO 5.250%   8/1/2050    330       356
  Santa Rosa High School District GO 5.000%   8/1/2053    305       318
  Santa Rosa High School District GO 4.750%   8/1/2054  1,375     1,398
  Saugus Union School District School Facilities Improvement District No. 2014-1 GO 2.375%   8/1/2044  1,155       851
  Sequoia Union High School District GO 5.000%   7/1/2027    265       272
  Sequoia Union High School District GO 3.000%   7/1/2034    115       113
49

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Sequoia Union High School District GO 4.000%   7/1/2052    400       372
  Sierra Joint Community College District GO 2.000%   8/1/2046    135        89
  Silicon Valley Clean Water Sewer Revenue 3.500%   8/1/2048    200       171
  Solano County Community College District GO 5.125%   8/1/2041      5         5
  Solano County Community College District GO 4.000%   8/1/2046  1,000       979
  Sonoma County Junior College District GO 5.000%   8/1/2041    805       807
  South San Francisco Unified School District GO 4.000%   9/1/2048    170       167
  South San Francisco Unified School District GO 4.000%   9/1/2052    540       517
  Southern California Metropolitan Water District Water Revenue 2.500%   7/1/2026    740       740
  Southern California Metropolitan Water District Water Revenue 3.000%   7/1/2026    795       795
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2026    115       115
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2026    275       276
  Southern California Metropolitan Water District Water Revenue 2.500%   7/1/2027      5         5
  Southern California Metropolitan Water District Water Revenue 3.000%   7/1/2027    185       186
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2027    465       478
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2027    780       802
  Southern California Metropolitan Water District Water Revenue 5.000%  10/1/2027  1,075     1,114
  Southern California Metropolitan Water District Water Revenue 3.000%   7/1/2028  1,890     1,914
  Southern California Metropolitan Water District Water Revenue 5.000%  10/1/2028    830       883
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2029    855       925
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2029    435       471
  Southern California Metropolitan Water District Water Revenue 5.000%  10/1/2029    320       348
  Southern California Metropolitan Water District Water Revenue 3.000%   7/1/2030    120       122
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2030  1,130     1,207
  Southern California Metropolitan Water District Water Revenue 5.000%   4/1/2031    750       842
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2031    380       405
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2031    135       152
  Southern California Metropolitan Water District Water Revenue 5.000%  10/1/2031    725       821
  Southern California Metropolitan Water District Water Revenue 5.000%   4/1/2032  1,900     2,170
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2032    260       298
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2032  1,230     1,307
  Southern California Metropolitan Water District Water Revenue 5.000%   4/1/2033  1,220     1,413
  Southern California Metropolitan Water District Water Revenue 5.000%   4/1/2034    785       919
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2034    880       931
  Southern California Metropolitan Water District Water Revenue 5.000%   4/1/2035    100       116
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2035    570       601
  Southern California Metropolitan Water District Water Revenue 5.000%   4/1/2036    215       249
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2036    305       343
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2036    115       121
  Southern California Metropolitan Water District Water Revenue 5.000%   4/1/2037    425       495
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2037    805       846
  Southern California Metropolitan Water District Water Revenue 5.000%   4/1/2038    310       359
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2038     90        97
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2038    150       157
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2039    400       431
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2039    430       451
  Southern California Metropolitan Water District Water Revenue 5.000%   7/1/2040  2,365     2,542
  Southern California Metropolitan Water District Water Revenue 4.000%   7/1/2045     65        64
  Southern California Metropolitan Water District Water Revenue 5.000%  10/1/2045    195       203
  Southern California Metropolitan Water District Water Revenue 5.000%   4/1/2048    315       334
  Southern California Metropolitan Water District Water Revenue 5.000%   4/1/2049     90        96
  Southern California Metropolitan Water District Water Revenue 5.000%  10/1/2049    500       514
  Southern California Metropolitan Water District Water Revenue 5.000%  10/1/2051  1,365     1,416
  Southern California Metropolitan Water District Water Revenue 5.000%   4/1/2053    100       105
  Southern California Metropolitan Water District Water Revenue PUT 5.000%   7/1/2029    725       761
  Southern California Metropolitan Water District Water Revenue PUT 5.000%   7/1/2031    390       426
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2026    315       316
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2026     95        95
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2027    130       130
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2028    985     1,030
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2036    685       757
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2036    500       572
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2037     85        93
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2037    500       567
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2038    575       648
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2042    750       826
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2043    750       821
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2045    500       537
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2047  1,900     1,993
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2050  2,355     2,438
50

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Southern California Public Power Authority Electric Power & Light Revenue 5.250%   7/1/2053    180       188
  Southern California Public Power Authority Electric Power & Light Revenue 5.250%   7/1/2053  1,920     2,027
  Southern California Public Power Authority Electric Power & Light Revenue (Apex Power Project) 5.000%   7/1/2027     50        51
  Southern California Public Power Authority Electric Power & Light Revenue (Apex Power Project) 5.000%   7/1/2028    135       141
  Southern California Public Power Authority Electric Power & Light Revenue (Apex Power Project) 5.000%   7/1/2029    320       341
  Southern California Public Power Authority Electric Power & Light Revenue (Apex Power Project) 5.000%   7/1/2030    650       703
  Southern California Public Power Authority Electric Power & Light Revenue (Apex Power Project) 5.000%   7/1/2031    725       796
  Southern California Public Power Authority Electric Power & Light Revenue (Apex Power Project) 5.000%   7/1/2032  1,895     2,105
  Southern California Public Power Authority Electric Power & Light Revenue (Apex Power Project) 5.000%   7/1/2033    210       236
  Southern California Public Power Authority Electric Power & Light Revenue (Apex Power Project) 5.000%   7/1/2034     25        28
  Southern California Public Power Authority Electric Power & Light Revenue (Apex Power Project) 5.000%   7/1/2035    105       120
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2035    825       917
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2039    135       147
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2040    510       554
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2048  1,130     1,166
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.250%   7/1/2053  1,075     1,120
  Southern California Public Power Authority Electric Power & Light Revenue (Windy Point/Windy Flats Project) 5.000%   7/1/2026    405       406
  Southern California Public Power Authority Electric Power & Light Revenue (Windy Point/Windy Flats Project) 5.000%   7/1/2027    315       323
  Southern California Public Power Authority Electric Power & Light Revenue (Windy Point/Windy Flats Project) 5.000%   7/1/2028    865       904
  Southern California Public Power Authority Electric Power & Light Revenue (Windy Point/Windy Flats Project) 5.000%   7/1/2029  1,265     1,348
  Southern California Public Power Authority Electric Power & Light Revenue (Windy Point/Windy Flats Project) 5.000%   7/1/2030    925     1,001
  Southern California Public Power Authority Intergovernmental Agreement Revenue 5.000%   7/1/2031    550       604
  Southern California Public Power Authority Intergovernmental Agreement Revenue 5.000%   7/1/2034    555       628
  Southern California Public Power Authority Intergovernmental Agreement Revenue 5.000%   7/1/2038  1,430     1,581
  Southern California Public Power Authority Intergovernmental Agreement Revenue 5.000%   7/1/2046    160       168
  Southern California Public Power Authority Intergovernmental Agreement Revenue 5.000%   7/1/2053    740       759
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Canyon Power Project) PUT 3.700%   7/1/2027    445       446
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2032  1,030     1,144
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2033    555       623
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2042    365       396
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2044    100       107
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2049    240       248
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.250%   7/1/2049    100       105
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2053    920       941
  Southern California Public Power Authority Intergovernmental Agreement Revenue PUT 5.000%   7/1/2029  1,010     1,057
  Southwestern Community College District GO 5.250%   8/1/2027  1,750     1,806
  Southwestern Community College District GO 5.250%   8/1/2028  1,600     1,698
  Southwestern Community College District GO 2.375%   8/1/2046    455       318
  Southwestern Community College District GO 4.000%   8/1/2046    275       271
  Southwestern Community College District GO 4.000%   8/1/2047    440       429
  Southwestern Community College District GO 5.250%   8/1/2051  1,000     1,075
  Southwestern Community College District GO 5.250%   8/1/2055  1,680     1,792
  State Center Community College District GO 5.000%   8/1/2046    545       596
  State Center Community College District GO 5.000%   8/1/2047    675       715
2 Stockton Unified School District GO 0.000%   8/1/2027    280       272
5 Stockton Unified School District GO 5.000%   8/1/2049    500       528
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Civic Center Project) 4.000%   4/1/2045    365       362
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Civic Center Project) 4.000%   4/1/2050  1,115     1,072
  Sunnyvale School District GO 4.000%   9/1/2042    375       376
2 Sweetwater Union High School District GO 3.375%   8/1/2040    220       210
2 Sweetwater Union High School District GO 0.000%   8/1/2042  2,000       918
  Sweetwater Union High School District GO 4.000%   8/1/2042    430       427
5 Sweetwater Union High School District GO 4.000%   8/1/2047  1,210     1,136
  Sweetwater Union High School District GO 5.000%   8/1/2052  2,495     2,586
  Tamalpais Union High School District GO 4.125%   8/1/2049    400       404
  Transbay Joint Powers Authority Tax Increment/Allocation Revenue 5.000%  10/1/2049    200       201
  Tuolumne Wind Project Authority Electric Power & Light Revenue (Tuolumne Wind Project), ETM 5.000%   1/1/2027     50        51
  Tuolumne Wind Project Authority Electric Power & Light Revenue (Tuolumne Wind Project), Prere. 5.000%   1/1/2027    165       167
51

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/2041    755       762
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/2041    775       817
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/2044    700       731
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/2046    265       267
2 Twin Rivers Unified School District GO 0.000%   8/1/2038    870       522
2 Twin Rivers Unified School District GO 0.000%   8/1/2041    190        97
2 Twin Rivers Unified School District GO 3.375%   8/1/2043  1,460     1,317
2 Twin Rivers Unified School District GO 4.000%   8/1/2043    595       595
2 Twin Rivers Unified School District GO 0.000%   8/1/2044    160        70
  Union Sanitary District Financing Authority Lease (Non-Terminable) Revenue 5.000%  3/15/2030  2,880     3,153
  University of California College & University Revenue 4.000%  5/15/2027     70        71
  University of California College & University Revenue 5.000%  5/15/2027    455       466
  University of California College & University Revenue 5.000%  5/15/2027    115       118
  University of California College & University Revenue 5.000%  5/15/2027    145       149
  University of California College & University Revenue 5.000%  5/15/2027     55        56
  University of California College & University Revenue 5.000%  5/15/2027    340       348
  University of California College & University Revenue 5.000%  5/15/2027  1,065     1,091
  University of California College & University Revenue 5.000%  5/15/2027     35        36
  University of California College & University Revenue 5.000% 11/15/2027  1,505     1,562
  University of California College & University Revenue 5.000% 11/15/2027     60        62
  University of California College & University Revenue 4.000%  5/15/2028    315       325
  University of California College & University Revenue 5.000%  5/15/2028    110       116
  University of California College & University Revenue 5.000%  5/15/2028    195       205
  University of California College & University Revenue 5.000%  5/15/2028    410       420
  University of California College & University Revenue 5.000%  5/15/2028  1,120     1,177
  University of California College & University Revenue 5.000%  5/15/2028    160       168
  University of California College & University Revenue 5.000%  5/15/2028  1,770     1,860
  University of California College & University Revenue 5.000%  5/15/2028    105       110
  University of California College & University Revenue 4.000%  5/15/2029     30        31
  University of California College & University Revenue 5.000%  5/15/2029     35        37
  University of California College & University Revenue 5.000%  5/15/2029      5         5
  University of California College & University Revenue 5.000%  5/15/2029  1,120     1,200
  University of California College & University Revenue 5.000%  5/15/2029  2,125     2,277
  University of California College & University Revenue 5.000%  5/15/2029    255       261
  University of California College & University Revenue 5.000%  5/15/2029  1,200     1,286
  University of California College & University Revenue 5.000%  5/15/2029    250       268
  University of California College & University Revenue 5.000%  5/15/2029  3,010     3,225
  University of California College & University Revenue 5.000%  5/15/2029    550       589
  University of California College & University Revenue 5.000%  5/15/2029    255       273
  University of California College & University Revenue 5.000% 11/15/2029      5         5
  University of California College & University Revenue 4.000%  5/15/2030     65        67
  University of California College & University Revenue 5.000%  5/15/2030    610       624
  University of California College & University Revenue 5.000%  5/15/2030     20        22
  University of California College & University Revenue 5.000%  5/15/2030    245       268
  University of California College & University Revenue 5.000%  5/15/2030  3,250     3,552
  University of California College & University Revenue 5.000%  5/15/2030    805       880
  University of California College & University Revenue 5.000%  5/15/2030     85        93
  University of California College & University Revenue 5.000%  5/15/2030    335       351
  University of California College & University Revenue 5.000%  5/15/2030  4,605     5,034
  University of California College & University Revenue 5.000% 11/15/2030  1,000     1,103
  University of California College & University Revenue 4.000%  5/15/2031    245       251
  University of California College & University Revenue 5.000%  5/15/2031    925       966
  University of California College & University Revenue 5.000%  5/15/2031     85        87
  University of California College & University Revenue 5.000%  5/15/2031    180       200
  University of California College & University Revenue 5.000%  5/15/2031    580       645
  University of California College & University Revenue 5.000%  5/15/2031  1,405     1,562
  University of California College & University Revenue 5.000%  5/15/2031  2,700     3,002
  University of California College & University Revenue 5.000%  5/15/2031     50        56
  University of California College & University Revenue 5.000%  5/15/2031    175       191
  University of California College & University Revenue 5.000%  5/15/2031  1,410     1,568
  University of California College & University Revenue 5.000%  5/15/2031    110       122
  University of California College & University Revenue 5.000%  5/15/2031    410       456
  University of California College & University Revenue 5.000% 11/15/2031    565       633
  University of California College & University Revenue 5.000%  5/15/2032     95        99
  University of California College & University Revenue 5.000%  5/15/2032    405       440
  University of California College & University Revenue 5.000%  5/15/2032  6,235     7,029
  University of California College & University Revenue 5.000%  5/15/2032  1,085     1,223
  University of California College & University Revenue 5.000%  5/15/2032    815       833
  University of California College & University Revenue 5.000%  5/15/2032  1,010     1,139
  University of California College & University Revenue 5.000%  5/15/2032    585       659
52

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  University of California College & University Revenue 5.000%  5/15/2032     75        85
  University of California College & University Revenue 5.000%  5/15/2032  1,530     1,725
  University of California College & University Revenue 5.000%  5/15/2032    815       919
  University of California College & University Revenue 4.000%  5/15/2033     90        91
  University of California College & University Revenue 5.000%  5/15/2033    695       726
  University of California College & University Revenue 5.000%  5/15/2033     25        28
  University of California College & University Revenue 5.000%  5/15/2033  1,545     1,765
  University of California College & University Revenue 5.000%  5/15/2033     10        11
  University of California College & University Revenue 5.000%  5/15/2033  2,015     2,302
  University of California College & University Revenue 5.000%  5/15/2033    490       560
  University of California College & University Revenue 5.000%  5/15/2033  1,230     1,405
  University of California College & University Revenue 5.000%  5/15/2033  3,115     3,559
  University of California College & University Revenue 5.000%  5/15/2033     20        23
  University of California College & University Revenue 5.000%  5/15/2033    705       805
  University of California College & University Revenue 4.000%  5/15/2034    100       101
  University of California College & University Revenue 5.000%  5/15/2034    365       395
  University of California College & University Revenue 5.000%  5/15/2034  1,025     1,166
  University of California College & University Revenue 5.000%  5/15/2034  1,275     1,473
  University of California College & University Revenue 5.000%  5/15/2034    570       659
  University of California College & University Revenue 5.000%  5/15/2034  1,870     2,161
  University of California College & University Revenue 5.000%  5/15/2034  1,200     1,387
  University of California College & University Revenue 5.000% 11/15/2034    500       580
  University of California College & University Revenue 5.000% 11/15/2034    550       639
  University of California College & University Revenue 4.000%  5/15/2035    295       297
  University of California College & University Revenue 5.000%  5/15/2035    405       422
  University of California College & University Revenue 5.000%  5/15/2035     95       102
  University of California College & University Revenue 5.000%  5/15/2035    235       262
  University of California College & University Revenue 5.000%  5/15/2035    250       283
  University of California College & University Revenue 5.000%  5/15/2035  1,440     1,631
  University of California College & University Revenue 5.000%  5/15/2035  1,395     1,580
  University of California College & University Revenue 5.000%  5/15/2035  1,875     2,155
  University of California College & University Revenue 5.000%  5/15/2035  1,285     1,477
  University of California College & University Revenue 5.000%  5/15/2035  4,325     4,971
  University of California College & University Revenue 5.000%  5/15/2035    215       251
  University of California College & University Revenue 5.000%  5/15/2035    900     1,049
  University of California College & University Revenue 5.000% 11/15/2035    815       953
  University of California College & University Revenue 5.000% 11/15/2035    805       942
  University of California College & University Revenue 5.000%  5/15/2036    485       494
  University of California College & University Revenue 5.000%  5/15/2036    250       260
  University of California College & University Revenue 5.000%  5/15/2036    100       108
  University of California College & University Revenue 5.000%  5/15/2036    125       139
  University of California College & University Revenue 5.000%  5/15/2036  1,185     1,336
  University of California College & University Revenue 5.000%  5/15/2036  1,830     2,093
  University of California College & University Revenue 5.000%  5/15/2036    325       331
  University of California College & University Revenue 5.000%  5/15/2036    290       332
  University of California College & University Revenue 5.000%  5/15/2036    595       690
  University of California College & University Revenue 5.000%  5/15/2036    480       557
  University of California College & University Revenue 5.000%  5/15/2036 10,985    12,909
  University of California College & University Revenue 5.000% 11/15/2036    910     1,072
  University of California College & University Revenue 5.000% 11/15/2036    520       613
  University of California College & University Revenue 4.000%  5/15/2037    260       267
  University of California College & University Revenue 5.000%  5/15/2037    225       229
  University of California College & University Revenue 5.000%  5/15/2037    140       145
  University of California College & University Revenue 5.000%  5/15/2037    130       144
  University of California College & University Revenue 5.000%  5/15/2037  1,100     1,234
  University of California College & University Revenue 5.000%  5/15/2037  1,065     1,211
  University of California College & University Revenue 5.000%  5/15/2037  1,535     1,746
  University of California College & University Revenue 5.000%  5/15/2037    705       812
  University of California College & University Revenue 5.000%  5/15/2037  1,375     1,584
  University of California College & University Revenue 5.000%  5/15/2037    475       547
  University of California College & University Revenue 5.250%  5/15/2037    500       587
  University of California College & University Revenue 5.000% 11/15/2037    975     1,134
  University of California College & University Revenue 5.000% 11/15/2037    645       750
  University of California College & University Revenue 5.000%  5/15/2038    110       114
  University of California College & University Revenue 5.000%  5/15/2038  1,900     2,030
  University of California College & University Revenue 5.000%  5/15/2038    410       450
  University of California College & University Revenue 5.000%  5/15/2038  1,540     1,715
  University of California College & University Revenue 5.000%  5/15/2038    500       564
  University of California College & University Revenue 5.000%  5/15/2038  1,955     2,205
  University of California College & University Revenue 5.000%  5/15/2038  1,845     2,107
53

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  University of California College & University Revenue 5.000%  5/15/2038    935     1,068
  University of California College & University Revenue 5.000%  5/15/2038    985     1,125
  University of California College & University Revenue 5.000%  5/15/2038    400       457
  University of California College & University Revenue 5.000% 11/15/2038    500       576
  University of California College & University Revenue 5.000% 11/15/2038  1,000     1,152
  University of California College & University Revenue 5.000%  5/15/2039    110       117
  University of California College & University Revenue 5.000%  5/15/2039  1,305     1,445
  University of California College & University Revenue 5.000%  5/15/2039    560       628
  University of California College & University Revenue 5.000%  5/15/2039  1,415     1,586
  University of California College & University Revenue 5.000%  5/15/2039  1,990     2,257
  University of California College & University Revenue 5.000%  5/15/2039    840       953
  University of California College & University Revenue 5.250%  5/15/2039    545       630
  University of California College & University Revenue 5.000% 11/15/2039  2,290     2,711
  University of California College & University Revenue 5.250% 11/15/2039  1,800     2,100
  University of California College & University Revenue 4.000%  5/15/2040  1,015     1,027
  University of California College & University Revenue 5.000%  5/15/2040  1,435     1,601
  University of California College & University Revenue 5.000%  5/15/2040    750       837
  University of California College & University Revenue 5.000%  5/15/2040    850       959
  University of California College & University Revenue 5.000%  5/15/2040  1,235     1,394
  University of California College & University Revenue 5.000%  5/15/2040    670       756
  University of California College & University Revenue 5.000%  5/15/2040  4,620     5,241
  University of California College & University Revenue 5.250%  5/15/2040  2,000     2,299
  University of California College & University Revenue 5.250%  5/15/2040  3,340     4,051
  University of California College & University Revenue 5.500%  5/15/2040    610       693
  University of California College & University Revenue 5.500%  5/15/2040  4,265     5,025
  University of California College & University Revenue 5.000% 11/15/2040  1,585     1,808
  University of California College & University Revenue 5.000%  5/15/2041    215       227
  University of California College & University Revenue 5.000%  5/15/2041    280       307
  University of California College & University Revenue 5.000%  5/15/2041  1,370     1,517
  University of California College & University Revenue 5.000%  5/15/2041    250       277
  University of California College & University Revenue 5.000%  5/15/2041    225       252
  University of California College & University Revenue 5.000% 11/15/2041  2,590     2,927
  University of California College & University Revenue 5.250% 11/15/2041  2,370     2,732
  University of California College & University Revenue 5.000%  5/15/2042    185       195
  University of California College & University Revenue 5.000%  5/15/2042    150       153
  University of California College & University Revenue 5.000%  5/15/2042    945     1,031
  University of California College & University Revenue 5.000%  5/15/2042    635       700
  University of California College & University Revenue 5.000%  5/15/2042    545       601
  University of California College & University Revenue 5.000%  5/15/2042    500       557
  University of California College & University Revenue 5.250%  5/15/2042    740       754
  University of California College & University Revenue 5.000% 11/15/2042    750       843
  University of California College & University Revenue 5.000% 11/15/2042    240       270
  University of California College & University Revenue 5.000%  5/15/2043  3,040     3,140
  University of California College & University Revenue 5.000%  5/15/2043    420       441
  University of California College & University Revenue 5.000%  5/15/2043  1,175     1,275
  University of California College & University Revenue 5.000%  5/15/2043  1,385     1,518
  University of California College & University Revenue 5.000%  5/15/2043    550       603
  University of California College & University Revenue 5.000%  5/15/2043    250       277
  University of California College & University Revenue 5.000%  5/15/2044    385       419
  University of California College & University Revenue 5.000%  5/15/2044    410       446
  University of California College & University Revenue 4.000%  5/15/2045    205       202
  University of California College & University Revenue 5.000%  5/15/2045    115       125
  University of California College & University Revenue 5.000%  5/15/2045    500       546
  University of California College & University Revenue 5.000% 11/15/2045    970     1,067
  University of California College & University Revenue 4.000%  5/15/2046    625       616
  University of California College & University Revenue 5.000%  5/15/2046  1,050     1,138
  University of California College & University Revenue 4.000%  5/15/2047  2,945     2,885
  University of California College & University Revenue 5.000%  5/15/2047     65        66
  University of California College & University Revenue 5.250%  5/15/2047    160       162
  University of California College & University Revenue 4.000%  5/15/2048    880       847
  University of California College & University Revenue 5.000%  5/15/2048  2,755     2,817
  University of California College & University Revenue 5.000%  5/15/2049     75        77
  University of California College & University Revenue 2.500%  5/15/2050  2,925     2,019
  University of California College & University Revenue 4.000%  5/15/2050  1,890     1,803
  University of California College & University Revenue 4.000%  5/15/2051    880       835
  University of California College & University Revenue 5.000%  5/15/2052  3,340     3,480
  University of California College & University Revenue 5.000%  5/15/2053  3,925     4,145
  University of California College & University Revenue 5.000%  5/15/2054    525       551
  University of California College & University Revenue 4.000%  5/15/2055    680       634
  University of California College & University Revenue 5.250%  5/15/2055  1,425     1,531
54

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  University of California College & University Revenue 5.250%  5/15/2058  1,500     1,533
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2027     65        67
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2028    170       179
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2030  1,145     1,172
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2031    315       329
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2031    345       353
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2032    310       317
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2032     80        89
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2033    420       429
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2034     15        16
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2034    270       276
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2034    185       203
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2035    330       343
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2035    345       352
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2035    145       159
  University of California College & University Revenue (Limited Project) 4.000%  5/15/2036     30        31
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2036    465       474
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2036    165       171
  University of California College & University Revenue (Limited Project) 4.000%  5/15/2037     80        83
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2037    250       259
  University of California College & University Revenue (Limited Project) 4.000%  5/15/2038     60        62
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2038    125       130
  University of California College & University Revenue (Limited Project) 4.000%  5/15/2039    430       439
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2039    110       114
  University of California College & University Revenue (Limited Project) 4.000%  5/15/2040    335       340
  University of California College & University Revenue (Limited Project) 4.000%  5/15/2041    125       126
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2042  2,110     2,145
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2043    365       377
  University of California College & University Revenue (Limited Project) 4.000%  5/15/2046    455       441
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2046  2,480     2,603
  University of California College & University Revenue (Limited Project) 4.000%  5/15/2047    420       403
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2047    995     1,007
  University of California College & University Revenue (Limited Project) 4.000%  5/15/2048  1,995     1,915
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2048  1,060     1,083
  University of California College & University Revenue (Limited Project) 3.000%  5/15/2051  1,535     1,149
  University of California College & University Revenue (Limited Project) 4.000%  5/15/2051    900       842
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2052    250       252
  University of California College & University Revenue (Limited Project) 5.000%  5/15/2058  2,275     2,312
  University of California College & University Revenue (Limited Project) 5.500%  5/15/2058     50        51
  University of California College & University Revenue VRDO 2.300%   6/1/2026  5,000     5,000
  University of California College & University Revenue VRDO 2.400%   6/1/2026  5,400     5,400
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 2.350%   6/1/2026  4,665     4,665
  Upland Unified School District GO 0.000%   8/1/2050  1,295       451
  Upper Santa Clara Valley Joint Powers Authority Intergovernmental Agreement Revenue 4.000%   8/1/2045    875       865
  Upper Santa Clara Valley Joint Powers Authority Intergovernmental Agreement Revenue 4.000%   8/1/2050    225       213
2 Val Verde Unified School District GO 3.000%   8/1/2047    210       168
  Ventura County Community College District GO 3.125%   8/1/2031    130       130
  Ventura Unified School District GO 4.250%   8/1/2051  1,075     1,059
  Ventura Unified School District GO 5.250%   8/1/2055    500       531
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   4/1/2027    330       335
  Vernon CA Electric System Electric Power & Light Revenue 5.000%  10/1/2027    505       517
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   4/1/2028    680       702
  Victor Valley Community College District GO 4.000%   8/1/2044     35        34
5 Vista Unified School District GO 4.250%   8/1/2044    110       111
  Vista Unified School District GO 4.000%   8/1/2048  1,000       963
5 Vista Unified School District GO 5.250%   8/1/2048  1,215     1,287
2 West Contra Costa Unified School District GO 0.000%   8/1/2027     75        73
2 West Contra Costa Unified School District GO 0.000%   8/1/2032  1,300     1,079
2 West Contra Costa Unified School District GO 3.000%   8/1/2045    370       305
5 West Contra Costa Unified School District GO 5.000%   8/1/2049    975     1,030
  West Contra Costa Unified School District GO 4.000%   8/1/2054    350       321
  West Contra Costa Unified School District GO 4.000%   8/1/2054    260       240
5 West Contra Costa Unified School District GO 4.000%   8/1/2054    175       164
  West Contra Costa Unified School District GO 4.000%   8/1/2054    275       252
  West Contra Costa Unified School District GO 4.000%   8/1/2054    385       356
5 West Contra Costa Unified School District GO 5.000%   8/1/2054    195       203
  West Valley-Mission Community College District GO 5.000%   8/1/2032    180       185
  West Valley-Mission Community College District GO 4.000%   8/1/2034    835       845
  West Valley-Mission Community College District GO 4.000%   8/1/2040    700       700
  Westside Union School District GO 0.000%   8/1/2045    260       111
55

 

California Tax-Exempt Bond ETF
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Westside Union School District GO 0.000%   8/1/2050    100        33
2 William S Hart Union High School District GO 0.000%   9/1/2026    270       268
  William S Hart Union High School District GO 0.000%   8/1/2033    160       128
2 William S Hart Union High School District GO 0.000%   8/1/2034    125        96
  William S Hart Union High School District GO 3.500%   8/1/2038    630       621
Total Tax-Exempt Municipal Bonds (Cost $2,625,610) 2,640,824
Total Investments (99.7%) (Cost $2,625,610) 2,640,824
Other Assets and Liabilities—Net (0.3%) 7,640
Net Assets (100%) 2,648,464
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 Scheduled principal and interest payments are guaranteed by Assured Guaranty Inc.
3 Step bond.
4 Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp.
5 Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co.
6 Scheduled principal and interest payments are guaranteed by Ambac Assurance Corp.
7 Scheduled principal and interest payments are guaranteed by Financial Guaranty Insurance Co.
8 Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of May 31, 2026.
  COP—Certificate of Participation.
  ETM—Escrowed to Maturity.
  GO—General Obligation Bond.
  Prere.—Prerefunded.
  PUT—Put Option Obligation.
  TRAN—Tax Revenue Anticipation Note.
  VRDO—Variable Rate Demand Obligation.
  
See accompanying Notes, which are an integral part of the Financial Statements.
56

 

California Tax-Exempt Bond ETF
Statement of Assets and Liabilities
As of May 31, 2026
($000s, except shares and per-share amounts) Amount
Assets  
Investments in Securities, at Value—Unaffiliated Issuers (Cost $2,625,610) 2,640,824
Investment in Vanguard 54
Cash 31
Receivables for Accrued Income 29,053
Receivables for Capital Shares Issued 218
Total Assets 2,670,180
Liabilities  
Payables for Investment Securities Purchased 21,648
Payables to Vanguard 68
Total Liabilities 21,716
Net Assets 2,648,464
At May 31, 2026, net assets consisted of:  
   
Paid-in Capital 2,627,408
Total Distributable Earnings (Loss) 21,056
Net Assets 2,648,464
 
Net Assets  
Applicable to 26,500,000 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		2,648,464
Net Asset Value Per Share $99.94
  
See accompanying Notes, which are an integral part of the Financial Statements.
57

 

California Tax-Exempt Bond ETF
Statement of Operations
  Six Months Ended
May 31, 2026
  ($000)
Investment Income  
Income  
Interest 35,010
Total Income 35,010
Expenses  
The Vanguard Group—Note C  
Investment Advisory Services 190
Management and Administrative 412
Marketing and Distribution 54
Custodian Fees 10
Shareholders’ Reports 17
Trustees’ Fees and Expenses 1
Other Expenses 5
Total Expenses 689
Net Investment Income 34,321
Realized Net Gain (Loss) on Investment Securities Sold 229
Change in Unrealized Appreciation (Depreciation) of Investment Securities (13,800)
Net Increase (Decrease) in Net Assets Resulting from Operations 20,750
  
See accompanying Notes, which are an integral part of the Financial Statements.
58

 

California Tax-Exempt Bond ETF
Statement of Changes in Net Assets
  Six Months Ended
May 31,
2026 		  Year Ended
November 30,
2025
  ($000)   ($000)
Increase (Decrease) in Net Assets      
Operations      
Net Investment Income 34,321   32,378
Realized Net Gain (Loss) 229   (1,965)
Change in Unrealized Appreciation (Depreciation) (13,800)   24,261
Net Increase (Decrease) in Net Assets Resulting from Operations 20,750   54,674
Distributions      
Total Distributions (31,216)   (29,075)
Capital Share Transactions      
Issued 1,124,949   1,095,320
Issued in Lieu of Cash Distributions —   —
Redeemed —   (120,302)
Net Increase (Decrease) from Capital Share Transactions 1,124,949   975,018
Total Increase (Decrease) 1,114,483   1,000,617
Net Assets      
Beginning of Period 1,533,981   533,364
End of Period 2,648,464   1,533,981
  
See accompanying Notes, which are an integral part of the Financial Statements.
59

 

California Tax-Exempt Bond ETF
Financial Highlights
For a Share Outstanding
Throughout Each Period 		Six Months
Ended
May 31, 2026 		Year Ended
November 30, 2025 		January 26, 20241 to
November 30, 2024
Net Asset Value, Beginning of Period $100.42 $101.11 $100.00
Investment Operations      
Net Investment Income2 1.634 3.343 2.609
Net Realized and Unrealized Gain (Loss) on Investments (.553) (.921) .529
Total from Investment Operations 1.081 2.422 3.138
Distributions      
Dividends from Net Investment Income (1.561) (3.112) (2.028)
Distributions from Realized Capital Gains — — —
Total Distributions (1.561) (3.112) (2.028)
Net Asset Value, End of Period $99.94 $100.42 $101.11
Total Return 1.09% 2.50% 3.18%
Ratios/Supplemental Data      
Net Assets, End of Period (Millions) $2,648 $1,534 $533
Ratio of Total Expenses to Average Net Assets 0.07% 0.08%3 0.08%3,4
Ratio of Net Investment Income to Average Net Assets 3.28% 3.40% 3.07%4
Portfolio Turnover Rate5 3% 30% 80%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Inception.
2 Calculated based on average shares outstanding.
3 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.08%.
4 Annualized.
5 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units.
  
See accompanying Notes, which are an integral part of the Financial Statements.
60

 

California Tax-Exempt Bond ETF
Notes to Financial Statements
Vanguard California Tax-Exempt Bond ETF is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. ETF Shares are listed for trading on Cboe BZX Exchange, Inc.; they can be purchased and sold through a broker.
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 other 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 valuation designee to represent fair value and subject to oversight by the board of trustees.
2. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute virtually 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 to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
4. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes 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 the higher of the effective federal funds rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate. 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, 2026, 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. Vanguard provides investment advisory services to the fund through its wholly owned subsidiary Vanguard Capital Management, LLC.
C. In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund 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, 2026, the fund had contributed to Vanguard capital in the amount of $54,000, representing less than 0.01% of the fund’s net assets and 0.02% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
D. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments valued with significant unobservable inputs are noted on the Schedule of Investments.
At May 31, 2026, 100% of the market value of the fund’s investments was determined based on Level 2 inputs.
61

 

California Tax-Exempt Bond ETF
E. As of May 31, 2026, gross unrealized appreciation and depreciation for investments based on cost for U.S. federal income tax purposes were as follows:
  Amount
($000)
Tax Cost 2,625,821
Gross Unrealized Appreciation 24,960
Gross Unrealized Depreciation (9,957)
Net Unrealized Appreciation (Depreciation) 15,003
The fund’s tax-basis capital gains and losses are determined only at the end of each fiscal year. For tax purposes, at November 30, 2025, the fund had available capital losses totaling $1,898,000 that may be carried forward indefinitely to offset future net capital gains. The fund will use these capital losses to offset net taxable capital gains, if any, realized during the year ending November 30, 2026; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.
F. During the six months ended May 31, 2026, the fund purchased $935,370,000 of investment securities and sold $55,001,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $199,274,000 and $0, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares.
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, 2026, such purchases were $27,800,000 and sales were $6,035,000, 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.
G. Capital shares issued and redeemed were:
    
  Six Months
Ended
May 31,
2026 		  Year Ended
November 30,
2025
  Shares
(000) 		  Shares
(000)
Issued 11,225   11,225
Issued in Lieu of Cash Distributions —   —
Redeemed —   (1,225)
Net Increase (Decrease) in Shares Outstanding 11,225   10,000
H. Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, political or regulatory conditions, 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.
To the extent the fund’s investment portfolio reflects concentration in a particular market, industry, sector, country or asset class, the fund may be adversely affected by the performance of these concentrations and may be subject to increased price volatility and other risks.
Credit risk is the risk that a counterparty to a transaction or an issuer of a financial instrument will fail to pay interest and principal when due, or that perceptions of the issuer’s ability to make such payments will cause the price of an investment to decline. Investment in debt securities will generally increase credit risk.
At May 31, 2026, one shareholder was the record or beneficial owner of 44% 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.
I. Operating segments are components of an entity that engage in business activities, have discrete financial information available, and have their operating results regularly reviewed by a chief operating decision maker (“CODM”). The fund is considered a single segment. Vanguard’s chief executive officer, chief investment officer, and chief financial officer, who are also officers of the fund, as well as the fund’s chief financial officer collectively act as the CODM. Vanguard has established various management committees to assist the CODM with overseeing aspects of the fund’s daily operations. Through these committees, the CODM manages the fund’s operations to achieve a single investment objective, as detailed in its prospectus, through the execution of the fund’s investment strategies. When assessing segment performance and making decisions about segment resources, the CODM relies on the fund’s portfolio composition, total returns, expense ratios and changes in net assets which are consistent with the information contained in the fund’s financial statements. Segment assets, liabilities, income, and expenses are also detailed in the accompanying financial statements.
J. Management has determined that no subsequent events or transactions occurred through the date the financial statements were issued that would require recognition or disclosure in these financial statements.
QV0382 072026
62

 

Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

 

Not applicable.

 

Item 9: Proxy Disclosures for Open-End Management Investment Companies.

 

Not applicable.

 

Item 10: Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

 

Not applicable. The Trustees’ Fees and Expenses are included in the financial statements filed under Item 7 of this Form.

 

Item 11: Statement Regarding Basis for Approval of Investment Advisory Contracts.

 

Not applicable.

 

 

 

 

Item 12: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

 

Not applicable.

 

Item 13: Portfolio Managers of Closed-End Management Investment Companies.

 

Not applicable.

 

Item 14: Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

 

Not applicable.

 

Item 15: Submission of Matters to a Vote of Security Holders.

 

Not applicable.

 

Item 16: 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 changes 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.

 

Item 17: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

 

Not applicable.

 

Item 18: Recovery of Erroneously Awarded Compensation

 

Not applicable.

 

Item 19: Exhibits.

 

(a)(1) Not applicable.
(a)(2) Certifications filed herewith.
(a)(2) 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/ SALIM RAMJI*  
                                                   
  SALIM RAMJI  
  CHIEF EXECUTIVE OFFICER  

 

Date: July 22, 2026

 

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/ SALIM RAMJI*  
                                                   
  SALIM RAMJI  
  CHIEF EXECUTIVE OFFICER  

 

Date: July 22, 2026

 

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

 

Date: July 22, 2026

 

* By: /s/ Natalie Lamarque                    

 

Natalie Lamarque, pursuant to a Power of Attorney  filed on December 19, 2025 (see File Number 33-49023), and to a Power of Attorney  filed on February 27, 2026 (see File Number 333-177613), Incorporated by Reference.

 

 

 

ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

EXHIBIT 99.CERT

EXHIBIT 99.906CERT

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IDEA: R2.htm

IDEA: R3.htm

IDEA: FilingSummary.xml

IDEA: MetaLinks.json

IDEA: tm2617999d5_ncsrs_htm.xml