3,330
|
|
Total Education and Civic Organizations
|
|
|
3,530,547
|
|
|
Health Care – 10.0%
|
|
|
|
235
|
|
California Health Facilities Financing Authority, Revenue Bonds, Rady Children’s Hospital –
|
8/21 at 100.00
|
A1
|
239,493
|
|
|
San Diego, Series 2011, 5.250%, 8/15/41
|
|
|
|
2,550
|
|
California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, Series 2007A,
|
11/16 at 100.00
|
AA–
|
2,538,831
|
|
|
5.250%, 11/15/46 (UB)
|
|
|
|
425
|
|
California Statewide Community Development Authority, Revenue Bonds, Childrens Hospital of Los
|
8/17 at 100.00
|
BBB+
|
380,141
|
|
|
Angeles, Series 2007, 5.000%, 8/15/47
|
|
|
|
545
|
|
California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,
|
8/16 at 100.00
|
A+
|
555,573
|
|
|
Series 2001C, 5.250%, 8/01/31
|
|
|
|
1,505
|
|
California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,
|
4/17 at 100.00
|
A+
|
1,490,837
|
|
|
Series 2007A, 4.750%, 4/01/33
|
|
|
|
540
|
|
Loma Linda, California, Hospital Revenue Bonds, Loma Linda University Medical Center, Series
|
12/17 at 100.00
|
BBB
|
585,625
|
|
|
2008A, 8.250%, 12/01/38
|
|
|
|
500
|
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009,
|
11/19 at 100.00
|
Baa3
|
512,420
|
|
|
6.625%, 11/01/29
|
|
|
|
1,100
|
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010,
|
11/20 at 100.00
|
Baa3
|
1,025,530
|
|
|
6.000%, 11/01/41
|
|
|
|
670
|
|
San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011,
|
12/21 at 100.00
|
BB
|
730,789
|
|
|
7.500%, 12/01/41
|
|
|
|
800
|
|
Upland, California, Certificates of Participation, San Antonio Community Hospital, Series
|
1/21 at 100.00
|
A
|
866,952
|
|
|
2011, 6.500%, 1/01/41
|
|
|
|
8,870
|
|
Total Health Care
|
|
|
8,926,191
|
|
|
Housing/Multifamily – 0.9%
|
|
|
|
375
|
|
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects
|
8/20 at 100.00
|
BBB
|
385,496
|
|
|
Series 2010A, 6.400%, 8/15/45
|
|
|
|
395
|
|
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects
|
8/22 at 100.00
|
BBB
|
387,246
|
|
|
Series 2012A, 5.500%, 8/15/47
|
|
|
|
770
|
|
Total Housing/Multifamily
|
|
|
772,742
|
|
|
Housing/Single Family – 0.0%
|
|
|
|
40
|
|
California Housing Finance Agency, Home Mortgage Revenue Bonds, Series 2006H, 5.750%,
|
2/16 at 100.00
|
A–
|
41,843
|
|
|
8/01/30 – FGIC Insured (Alternative Minimum Tax)
|
|
|
|
|
|
Industrials – 1.2%
|
|
|
|
1,015
|
|
California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Republic
|
No Opt. Call
|
BBB+
|
1,081,371
|
|
|
Services Inc., Series 2002C, 5.250%, 6/01/23 (Mandatory put 12/01/17) (Alternative Minimum Tax)
|
|
|
|
|
|
Tax Obligation/General – 38.6%
|
|
|
|
1,650
|
|
California State, General Obligation Bonds, Various Purpose Series 2009, 5.500%, 11/01/39
|
11/19 at 100.00
|
A1
|
1,771,325
|
1,965
|
|
California State, General Obligation Bonds, Various Purpose Series 2011, 5.000%, 10/01/41
|
10/21 at 100.00
|
A1
|
1,993,846
|
2,000
|
|
California State, General Obligation Bonds, Various Purpose Series 2012, 5.250%, 4/01/35
|
4/22 at 100.00
|
A1
|
2,110,740
|
6,225
|
|
Escondido Union High School District, San Diego County, California, General Obligation
|
No Opt. Call
|
Aa2
|
1,800,146
|
|
|
Refunding Bonds, Series 2009, 0.000%, 8/01/36 – AGM Insured
|
|
|
|
|
|
Golden West Schools Financing Authority, California, General Obligation Revenue Refunding
|
|
|
|
|
|
Bonds, School District Program, Series 1999A:
|
|
|
|
4,650
|
|
0.000%, 8/01/16 – NPFG Insured
|
No Opt. Call
|
A
|
4,334,497
|
1,750
|
|
0.000%, 2/01/17 – NPFG Insured
|
No Opt. Call
|
A
|
1,589,123
|
2,375
|
|
0.000%, 8/01/17 – NPFG Insured
|
No Opt. Call
|
A
|
2,113,370
|
2,345
|
|
0.000%, 2/01/18 – NPFG Insured
|
No Opt. Call
|
A
|
2,044,043
|
|
|
Mountain View-Los Altos Union High School District, Santa Clara County, California, General
|
|
|
|
|
|
Obligation Capital Appreciation Bonds, Series 1995C:
|
|
|
|
1,015
|
|
0.000%, 5/01/17 – NPFG Insured
|
No Opt. Call
|
Aa1
|
980,084
|
1,080
|
|
0.000%, 5/01/18 – NPFG Insured
|
No Opt. Call
|
Aa1
|
1,015,502
|
|
|
Palomar Pomerado Health, California, General Obligation Bonds, Convertible Capital
|
|
|
|
|
|
Appreciation, Election 2004 Series 2010A:
|
|
|
|
10,825
|
|
0.000%, 8/01/34
|
No Opt. Call
|
A+
|
3,270,665
|
3,250
|
|
0.000%, 8/01/35
|
No Opt. Call
|
A+
|
920,693
|
3,220
|
|
Sacramento City Unified School District, Sacramento County, California, General Obligation
|
7/15 at 100.00
|
A1
|
3,369,149
|
|
|
Bonds, Series 2005, 5.000%, 7/01/27 – NPFG Insured
|
|
|
|
8,075
|
|
San Bernardino Community College District, California, General Obligation Bonds, Election of
|
No Opt. Call
|
Aa2
|
1,347,960
|
|
|
2008 Series 2009B, 0.000%, 8/01/44
|
|
|
|
7,560
|
|
Southwestern Community College District, San Diego County, California, General Obligation
|
No Opt. Call
|
Aa2
|
1,140,124
|
|
|
Bonds, Election of 2008, Series 2011C, 0.000%, 8/01/46
|
|
|
|
2,565
|
|
Sunnyvale School District, Santa Clara County, California, General Obligation Bonds, Series
|
9/15 at 100.00
|
AA
|
2,730,802
|
|
|
2005A, 5.000%, 9/01/26 – AGM Insured
|
|
|
|
4,250
|
|
West Hills Community College District, California, General Obligation Bonds, School Facilities
|
8/31 at 100.00
|
AA–
|
2,108,595
|
|
|
Improvement District 3, 2008 Election Series 2011, 0.000%, 8/01/38 – AGM Insured
|
|
|
|
64,800
|
|
Total Tax Obligation/General
|
|
|
34,640,664
|
|
|
Tax Obligation/Limited – 29.3%
|
|
|
|
1,000
|
|
Bell Community Redevelopment Agency, California, Tax Allocation Bonds, Bell Project Area,
|
3/14 at 100.00
|
N/R
|
844,500
|
|
|
Series 2003, 5.625%, 10/01/33 – RAAI Insured
|
|
|
|
2,000
|
|
California State Public Works Board, Lease Revenue Bonds, Department of Corrections &
|
9/23 at 100.00
|
A2
|
2,085,580
|
|
|
Rehabilitation, Various Correctional Facilities Series 2013F, 5.250%, 9/01/33
|
|
|
|
2,190
|
|
California State Public Works Board, Lease Revenue Bonds, Department of Corrections,
|
No Opt. Call
|
A
|
2,403,525
|
|
|
Calipatria State Prison, Series 1991A, 6.500%, 9/01/17 – NPFG Insured
|
|
|
|
1,500
|
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series
|
11/19 at 100.00
|
A2
|
1,715,325
|
|
|
2009-I, 6.375%, 11/01/34
|
|
|
|
120
|
|
Capistrano Unified School District, Orange County, California, Special Tax Bonds, Community
|
9/15 at 100.00
|
A
|
121,330
|
|
|
Facilities District 98-2, Series 2005, 5.000%, 9/01/24 – FGIC Insured
|
|
|
|
360
|
|
Chino Redevelopment Agency, California, Merged Chino Redevelopment Project Area Tax Allocation
|
9/16 at 101.00
|
A–
|
346,640
|
|
|
Bonds, Series 2006, 5.000%, 9/01/38 – AMBAC Insured
|
|
|
|
2,000
|
|
Escondido Joint Powers Financing Authority, California, Revenue Bonds, Water System Financing,
|
3/22 at 100.00
|
AA–
|
1,982,100
|
|
|
Series 2012, 5.000%, 9/01/41
|
|
|
|
1,000
|
|
Fontana Public Financing Authority, California, Tax Allocation Revenue Bonds, North Fontana
|
10/15 at 100.00
|
A
|
991,510
|
|
|
Redevelopment Project, Series 2005A, 5.000%, 10/01/32 – AMBAC Insured
|
|
|
|
270
|
|
Fontana Redevelopment Agency, Jurupa Hills Redevelopment Project, California, Tax Allocation
|
4/14 at 100.00
|
A–
|
270,219
|
|
|
Refunding Bonds, 1997 Series A, 5.500%, 10/01/27
|
|
|
|
250
|
|
Inglewood Redevelopment Agency, California, Tax Allocation Bonds, Merged Redevelopment
|
5/17 at 100.00
|
BBB+
|
246,140
|
|
|
Project, Subordinate Lien Series 2007A-1, 5.000%, 5/01/23 – AMBAC Insured
|
|
|
|
|
|
Irvine Unified School District, California, Special Tax Bonds, Community Facilities District
|
|
|
|
|
|
Series 2006A:
|
|
|
|
55
|
|
5.000%, 9/01/26
|
9/16 at 100.00
|
N/R
|
55,276
|
130
|
|
5.125%, 9/01/36
|
9/16 at 100.00
|
N/R
|
124,692
|
1,215
|
|
Los Angeles Community Redevelopment Agency, California, Lease Revenue Bonds, Manchester
|
9/15 at 100.00
|
A1
|
1,230,126
|
|
|
Social Services Project, Series 2005, 5.000%, 9/01/37 – AMBAC Insured
|
|
|
|
135
|
|
National City Community Development Commission, California, Tax Allocation Bonds, National
|
8/21 at 100.00
|
A–
|
158,256
|
|
|
City Redevelopment Project, Series 2011, 6.500%, 8/01/24
|
|
|
|
280
|
|
Norco Redevelopment Agency, California, Tax Allocation Bonds, Project Area 1, Refunding,
|
3/14 at 100.00
|
N/R
|
257,978
|
|
|
School District Pass-Through, Series 2004, 5.000%, 3/01/32 – RAAI Insured
|
|
|
|
1,000
|
|
Norco Redevelopment Agency, California, Tax Allocation Bonds, Project Area 1, Series 2009,
|
3/18 at 100.00
|
A
|
1,101,120
|
|
|
7.000%, 3/01/34
|
|
|
|
50
|
|
Novato Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field Redevelopment
|
9/21 at 100.00
|
BBB+
|
54,220
|
|
|
Project, Series 2011, 6.750%, 9/01/40
|
|
|
|
1,300
|
|
Orange County, California, Special Tax Bonds, Community Facilities District 03-1 of Ladera
|
No Opt. Call
|
N/R
|
1,300,195
|
|
|
Ranch, Series 2004A, 5.625%, 8/15/34
|
|
|
|
|
|
Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1,
|
|
|
|
|
|
Senior Series 2013A:
|
|
|
|
350
|
|
5.250%, 9/01/30
|
9/23 at 100.00
|
N/R
|
340,134
|
320
|
|
5.750%, 9/01/39
|
9/23 at 100.00
|
N/R
|
317,005
|
60
|
|
Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1,
|
9/23 at 100.00
|
N/R
|
58,864
|
|
|
Subordinate Lien Series 2013B , 5.875%, 9/01/39
|
|
|
|
|
|
Perris Union High School District Financing Authority, Riverside County, California, Revenue
|
|
|
|
|
|
Bonds, Series 2011:
|
|
|
|
50
|
|
6.000%, 9/01/33
|
9/14 at 100.00
|
N/R
|
50,669
|
100
|
|
6.125%, 9/01/41
|
9/14 at 100.00
|
N/R
|
100,505
|
415
|
|
Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community
|
9/18 at 100.00
|
BBB–
|
425,919
|
|
|
Development Project, Refunding Series 2008A, 6.500%, 9/01/28
|
|
|
|
160
|
|
Rancho Santa Fe CSD Financing Authority, California, Revenue Bonds, Superior Lien Series
|
9/21 at 100.00
|
BBB+
|
167,552
|
|
|
2011A, 5.750%, 9/01/30
|
|
|
|
30
|
|
Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project
|
10/21 at 100.00
|
A–
|
32,889
|
|
|
Area, Series 2011B, 6.500%, 10/01/25
|
|
|
|
605
|
|
Sacramento City Financing Authority, California, Lease Revenue Refunding Bonds, Series 1993A,
|
No Opt. Call
|
A
|
678,592
|
|
|
5.400%, 11/01/20 – NPFG Insured
|
|
|
|
1,365
|
|
San Diego County Regional Transportation Commission, California, Sales Tax Revenue Bonds,
|
4/22 at 100.00
|
AAA
|
1,426,821
|
|
|
Series 2012A, 5.000%, 4/01/42
|
|
|
|
25
|
|
San Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds,
|
2/21 at 100.00
|
A–
|
27,920
|
|
|
Mission Bay North Redevelopment Project, Series 2011C, 6.750%, 8/01/41
|
|
|
|
|
|
San Francisco Redevelopment Financing Authority, California, Tax Allocation Revenue Bonds,
|
|
|
|
|
|
Mission Bay South Redevelopment Project, Series 2011D:
|
|
|
|
25
|
|
7.000%, 8/01/33
|
2/21 at 100.00
|
BBB
|
26,855
|
30
|
|
7.000%, 8/01/41
|
2/21 at 100.00
|
BBB
|
31,771
|
615
|
|
San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment
|
8/17 at 100.00
|
A
|
621,396
|
|
|
Project, Series 2006C, 5.000%, 8/01/25 – NPFG Insured
|
|
|
|
3,000
|
|
San Mateo County Transit District, California, Sales Tax Revenue Bonds, Series 2005A, 5.000%,
|
6/15 at 100.00
|
AA
|
3,192,659
|
|
|
6/01/21 – NPFG Insured
|
|
|
|
1,000
|
|
Santa Clara County Board of Education, California, Certificates of Participation, Series 2002,
|
3/14 at 100.00
|
A
|
994,400
|
|
|
5.000%, 4/01/25 – NPFG Insured
|
|
|
|
1,000
|
|
Santa Clara Valley Transportation Authority, California, Sales Tax Revenue Bonds, Series
|
4/17 at 100.00
|
AA+
|
1,044,800
|
|
|
2007A, 5.000%, 4/01/36 – AMBAC Insured
|
|
|
|
40
|
|
Signal Hill Redevelopment Agency, California, Project 1 Tax Allocation Bonds, Series 2011,
|
4/21 at 100.00
|
N/R
|
41,936
|
|
|
7.000%, 10/01/26
|
|
|
|
1,000
|
|
Travis Unified School District, Solano County, California, Certificates of Participation,
|
9/16 at 100.00
|
Baa1
|
1,003,020
|
|
|
Series 2006, 5.000%, 9/01/26 – FGIC Insured
|
|
|
|
360
|
|
Turlock Public Financing Authority, California, Tax Allocation Revenue Bonds, Series 2011,
|
3/21 at 100.00
|
BBB+
|
377,766
|
|
|
7.500%, 9/01/39
|
|
|
|
70
|
|
Yorba Linda Redevelopment Agency, Orange County, California, Tax Allocation Revenue Bonds,
|
9/21 at 100.00
|
A–
|
78,553
|
|
|
Yorba Linda Redevelopment Project, Subordinate Lien Series 2011A, 6.500%, 9/01/32
|
|
|
|
25,475
|
|
Total Tax Obligation/Limited
|
|
|
26,328,758
|
|
|
Transportation – 5.4%
|
|
|
|
1,150
|
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series
|
7/14 at 100.00
|
BBB–
|
1,046,258
|
|
|
1995A, 5.000%, 1/01/35
|
|
|
|
530
|
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Refunding
|
1/24 at 100.00
|
BB+
|
528,951
|
|
|
Bonds, Junior Lien Series 2013C, 6.500%, 1/15/43 (WI/DD, Settling 1/02/14)
|
|
|
|
|
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Refunding
|
|
|
|
|
|
Bonds, Series 2013A:
|
|
|
|
1,170
|
|
5.750%, 1/15/46 (WI/DD, Settling 1/02/14)
|
1/24 at 100.00
|
BBB–
|
1,134,210
|
1,175
|
|
6.000%, 1/15/53 (WI/DD, Settling 1/02/14)
|
1/24 at 100.00
|
BBB–
|
1,135,532
|
955
|
|
Port of Oakland, California, Reveue Refunding Bonds, Series 2012P, 5.000%, 5/01/31
|
No Opt. Call
|
A+
|
966,622
|
|
|
(Alternative Minimum Tax)
|
|
|
|
4,980
|
|
Total Transportation
|
|
|
4,811,573
|
|
|
U.S. Guaranteed – 3.3% (4)
|
|
|
|
1,000
|
|
California State Public Works Board, Lease Revenue Bonds, Department of Mental Health,
|
6/14 at 100.00
|
AAA
|
1,021,980
|
|
|
Coalinga State Hospital, Series 2004A, 5.500%, 6/01/23 (Pre-refunded 6/01/14)
|
|
|
|
750
|
|
California State, General Obligation Bonds, Series 2004, 5.000%, 2/01/23 (Pre-refunded 2/01/14)
|
2/14 at 100.00
|
A1 (4)
|
753,045
|
800
|
|
California State, General Obligation Bonds, Series 2004, 5.125%, 2/01/27 (Pre-refunded 2/01/14)
|
No Opt. Call
|
AA+ (4)
|
803,344
|
100
|
|
Roseville Joint Union High School District, Placer County, California, General Obligation
|
8/15 at 100.00
|
AA (4)
|
107,518
|
|
|
Bonds, Series 2006B, 5.000%, 8/01/27 (Pre-refunded 8/01/15) – FGIC Insured
|
|
|
|
225
|
|
San Mateo Union High School District, San Mateo County, California, Certificates of
|
12/17 at 100.00
|
N/R (4)
|
261,758
|
|
|
Participation, Phase 1, Series 2007A, 5.000%, 12/15/30 (Pre-refunded 12/15/17) –
|
|
|
|
|
|
AMBAC Insured
|
|
|
|
2,875
|
|
Total U.S. Guaranteed
|
|
|
2,947,645
|
|
|
Utilities – 6.9%
|
|
|
|
1,000
|
|
Imperial Irrigation District, California, Electric System Revenue Bonds, Refunding Series
|
11/20 at 100.00
|
AA–
|
1,040,299
|
|
|
2011A, 5.500%, 11/01/41
|
|
|
|
645
|
|
Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds, Series
|
No Opt. Call
|
A
|
665,543
|
|
|
2007A, 5.500%, 11/15/37
|
|
|
|
7,600
|
|
Merced Irrigation District, California, Certificates of Participation, Water and Hydroelectric
|
9/16 at 64.56
|
A
|
4,305,552
|
|
|
Series 2008B, 0.000%, 9/01/23
|
|
|
|
215
|
|
Merced Irrigation District, California, Electric System Revenue Bonds, Series 2005, 5.125%,
|
9/15 at 100.00
|
N/R
|
213,873
|
|
|
9/01/31 – SYNCORA GTY Insured
|
|
|
|
9,460
|
|
Total Utilities
|
|
|
6,225,267
|
|
|
Water and Sewer – 3.0%
|
|
|
|
1,000
|
|
Bay Area Water Supply and Conservation Agency, California, Revenue Bonds, Capital Cost
|
4/23 at 100.00
|
AA–
|
1,049,780
|
|
|
Recovery Prepayment Program, Series 2013A, 5.000%, 10/01/34
|
|
|
|
|
|
California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon
|
|
|
|
|
|
Resources Channelside LP Desalination Project, Series 2012:
|
|
|
|
535
|
|
5.000%, 7/01/37 (Alternative Minimum Tax)
|
No Opt. Call
|
Baa3
|
459,650
|
1,000
|
|
5.000%, 11/21/45 (Alternative Minimum Tax)
|
No Opt. Call
|
Baa3
|
803,800
|
150
|
|
Healdsburg Public Financing Authority, California, Wastewater Revenue Bonds, Series 2006,
|
4/16 at 100.00
|
AA–
|
151,697
|
|
|
5.000%, 4/01/36 – NPFG Insured
|
|
|
|
250
|
|
Sacramento County Sanitation District Financing Authority, California, Revenue Bonds, Series
|
6/16 at 100.00
|
AA
|
261,660
|
|
|
2006, 5.000%, 12/01/31 – FGIC Insured
|
|
|
|
2,935
|
|
Total Water and Sewer
|
|
|
2,726,587
|
$ 129,075
|
|
Total Long-Term Investments (cost $93,027,068)
|
|
|
95,403,344
|
|
|
Floating Rate Obligations – (1.7)%
|
|
|
(1,540,000)
|
|
|
Other Assets Less Liabilities – (4.6)%
|
|
|
(4,129,118)
|
|
|
Net Assets – 100%
|
|
|
$ 89,734,226
|