N-CSR 1 tm211460d5_ncsr.htm N-CSR

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-CSR

 

CERTIFIED SHAREHOLDER REPORT

OF

REGISTERED MANAGEMENT INVESTMENT COMPANIES

 

Investment Company Act file number: 811-04474

 

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

 

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

 

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

 

Date of fiscal year end: November 30

 

Date of reporting period: December 1, 2019—November 30, 2020

 

 

 

 

 

Item 1: Reports to Shareholders

 

 

 

 

Annual Report   |   November 30, 2020
Vanguard California Tax-Exempt Funds
Vanguard California Municipal Money Market Fund
Vanguard California Intermediate-Term Tax-Exempt Fund
Vanguard California Long-Term Tax-Exempt Fund
Contents
Your Fund’s Performance at a Glance
1
Advisor’s Report
2
About Your Fund’s Expenses
6
California Municipal Money Market Fund
8
California Intermediate-Term Tax-Exempt Fund
27
California Long-Term Tax-Exempt Fund
175
  
Please note: The opinions expressed in this report are just that—informed opinions. They should not be considered promises or advice. Also, please keep in mind that the information and opinions cover the period through the date on the front of this report. Of course, the risks of investing in your fund are spelled out in the prospectus.
Your Fund’s Performance at a Glance
• For the 12 months ended November 30, 2020, Vanguard California Intermediate-Term Tax-Exempt Fund returned 4.54% for Investor Shares and 4.62% for Admiral Shares. Vanguard California Long-Term Tax-Exempt Fund returned 5.36% for Investor Shares and 5.44% for Admiral Shares. Results versus their benchmark indexes were mixed. Vanguard California Municipal Money Market Fund returned 0.47%.
• As the coronavirus spread outside of China, many governments shuttered nonessential businesses and instituted lockdowns, leading to a sharp drop in global economic activity. Central banks responded by slashing interest rates and enacting stimulus programs, pushing bond yields lower and prices higher.
• The advisor’s disciplined approach to risk paid off in this challenging environment. The bond funds’ fairly conservative positioning going into 2020 allowed the advisor to dial up exposure to lower-quality investment-grade munis that had been hit hard, which paid off when those securities rebounded.
• With muni yields ending the period lower, the Long-Term Fund’s longer duration than its benchmark’s also helped. The Intermediate-Term Fund’s shorter duration at the beginning of the period was a headwind. (Duration is a measure of price sensitivity to movements in interest rates.)
• With the Federal Reserve cutting rates to near zero, taxable and tax-free money market returns turned more modest.
Market Barometer
  Average Annual Total Returns
Periods Ended November 30, 2020
  One Year Three Years Five Years
Stocks      
Russell 1000 Index (Large-caps) 19.41% 13.66% 14.23%
Russell 2000 Index (Small-caps) 13.59 7.09 10.25
Russell 3000 Index (Broad U.S. market) 19.02 13.20 13.95
FTSE All-World ex US Index (International) 10.01 4.12 7.62
Bonds      
Bloomberg Barclays U.S. Aggregate Bond Index (Broad taxable market) 7.28% 5.45% 4.34%
Bloomberg Barclays Municipal Bond Index
(Broad tax-exempt market) 		4.89 4.80 3.93
FTSE Three-Month U.S. Treasury Bill Index 0.72 1.59 1.16
CPI      
Consumer Price Index 1.17% 1.80% 1.86%
1
Advisor’s Report
For the 12 months ended November 30, 2020, Vanguard California Intermediate-Term Tax-Exempt Fund returned 4.54% for Investor Shares and 4.62% for Admiral Shares. Vanguard California Long-Term Tax-Exempt Fund returned 5.36% for Investor Shares and 5.44% for Admiral Shares. The Intermediate-Term Fund lagged its benchmark index while the Long-Term Fund outpaced its benchmark index.
As municipal bond prices rose, yields declined. For the 12 months, the 30-day SEC yield fell 57 basis points to 0.89% for the Intermediate-Term Fund and 47 basis points to 1.32% for the Long-Term Fund. (Yields cited are for Admiral Shares; a basis point is one-hundredth of a percentage point.) The 30-day SEC yield is
a proxy for a fund’s potential annualized rate of income.
Vanguard California Municipal Money Market Fund returned 0.47%, outpacing the average of 0.36% for its peer group. Yields for tax-exempt money market instruments also fell, and the fund’s 7-day SEC yield declined 89 basis points to 0.01%.
Please note that the funds are permitted to invest in securities that would generate income distributions subject to the alternative minimum tax (AMT). During the fiscal year, only the Money Market Fund owned such securities.
The investment environment
The period was defined by the outbreak of the novel coronavirus in early 2020—and
 
Yields of Municipal Securities
(National Averages, AAA-Rated General Obligation Issues) 		   
Maturity November 30,
2019 		November 30,
2020
2 years 1.10% 0.15%
5 years 1.17 0.23
10 years 1.50 0.71
30 years 2.13 1.49
Source: Vanguard.
2
the aggressive efforts to contain it, which upended economies and financial markets worldwide. As the pandemic spread, crude oil prices sank, trade and travel restrictions multiplied, nonessential businesses were shuttered, and unemployment spiked.
Many governments and central banks around the world took emergency action in the form of fiscal and monetary stimulus to blunt the pandemic’s impact on economic activity, jobs, and the functioning of the credit markets. In the United States, Congress passed legislation that provided aid to state and local governments, companies, and workers. The U.S. Federal Reserve cut the federal funds target range to near zero and began buying hundreds of billions of dollars in government bonds, mortgage-backed securities, and corporate bonds.
At the height of investor pessimism, in March, there was a spike in volatility and an erosion in liquidity in the bond market. Yields nevertheless ended the period lower—and prices higher—as investors sought out safer assets.
Because of the pandemic, the state of California significantly lowered its projections in May for income tax revenues for its fiscal year 2021 starting July 1, 2020, and outlined cost-cutting measures. However, for the first four months of the fiscal year, the state actually saw higher-than-expected income tax receipts. That development, along with federal CARES Act funding, should mean the state will need to draw less from its
rainy-day reserves than initially anticipated. California’s large cities are more reliant than the state on sales tax receipts, which have been resilient, while a majority of their revenues come from property taxes, which are very stable.
The state’s credit rating remained stable over the period. That’s due partly to aggressive direct and indirect stimulus measures from policymakers, but also to California’s prudence in recent years in paying off debt and building reserves. Before the pandemic hit, the state’s $20 billion-plus rainy-day fund was equivalent to more than 10% of its annual budgeted expenditures. With that cushion and adequate federal support, we expect to see, at worst, only a moderate credit deterioration over the next 18 months. Furthermore, no major cities’ ratings changed over the period.
Demand for munis remained solid as investors continued to seek out tax-exempt income. Although muni issuance soared, much of it was in taxable bonds for advance refundings, which pulled supply out of the tax-exempt market.
Management of the funds
Our disciplined approach to credit risk paid off in this challenging environment. Going into 2020, we were carrying relatively low credit risk in the funds because we viewed valuations as relatively expensive.
We obviously didn’t see the coronavirus pandemic coming, but our more defensive positioning helped mitigate the impact of the market sell-off in March and April. That
3
positioning then allowed us to take on more credit risk at much more attractive valuations, especially in areas where the repricing seemed overdone. That wasn’t the case for some asset managers who were carrying more risk ahead of the pandemic, chasing a few extra basis points of potential return despite elevated valuations.
Over the 12 months, California municipal bonds rated AAA and AA returned more than 5%, according to the Bloomberg Barclays CA Municipal Bond Index. California munis lower on the investment-grade credit-quality ladder returned well under 5%.
Because credit underperformed over the 12-month period, the tilt in the investment-grade funds toward high-quality securities added value, particularly during the market sell-off.
With muni yields ending the period lower, the Long-Term Fund’s longer duration compared with its benchmark also helped relative performance, while the Intermediate-Term Fund’s shorter duration at the beginning of the period was a headwind. (Duration is a measure of price sensitivity to movements in interest rates.)
The California Money Market Fund continued to provide investors with superior income versus its peer average, aided by prudent management and low costs.
Outlook
Risks remain: Increases in COVID-19 infections could lead to the reimposition of broad lockdowns that would further hurt economies and the distribution of vaccines may take longer than hoped for. These risks are somewhat mitigated, however, because governments are better prepared now to deal with outbreaks. Moreover, central banks have asserted their readiness to continue to support bond markets.
We continue to view munis as attractive for long-term investors. Defaults among investment-grade munis are unlikely because issuers will be buttressed by reserves, federal aid, and other fiscal levers and because the overarching trend of the next 12 to 24 months should be toward tighter spreads. But the road to an economic recovery is likely to be bumpy and long.
That probably will translate into periods of turbulence in the muni market in the year ahead, which is why a focus on diversification, deep research, and discipline will be key to potential investment success.
4
Whatever the markets may bring, our experienced team of portfolio managers, traders, and credit analysts will continue to navigate this large, fragmented market to seek attractive investment opportunities that will add to the funds’ performance.
Paul M. Malloy, CFA, Principal,
Head of Municipal Bond Group
John M. Carbone, Principal, Portfolio Manager
James M. D’Arcy, CFA, Portfolio Manager
Adam Ferguson, CFA, Portfolio Manager
Stephen McFee, CFA, Portfolio Manager
Vanguard Fixed Income Group
December 16, 2020
5
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
• Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading ”Expenses Paid During Period.“
• Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include any purchase, redemption, or account service fees described in the fund prospectus. If such fees were applied to your account, your costs would be higher. Your fund does not carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
6
Six Months Ended November 30, 2020      
  Beginning
Account Value
5/31/2020 		Ending
Account Value
11/30/2020 		Expenses
Paid During
Period
Based on Actual Fund Return      
California Municipal Money Market Fund $1,000.00 $1,000.27 $0.80
California Intermediate-Term Tax-Exempt Fund      
Investor Shares $1,000.00 $1,025.75 $0.86
Admiral™ Shares 1,000.00 1,026.16 0.46
California Long-Term Tax-Exempt Fund      
Investor Shares $1,000.00 $1,034.40 $0.86
Admiral Shares 1,000.00 1,034.81 0.46
Based on Hypothetical 5% Yearly Return      
California Municipal Money Market Fund $1,000.00 $1,024.20 $0.81
California Intermediate-Term Tax-Exempt Fund      
Investor Shares $1,000.00 $1,024.15 $0.86
Admiral Shares 1,000.00 1,024.55 0.46
California Long-Term Tax-Exempt Fund      
Investor Shares $1,000.00 $1,024.15 $0.86
Admiral Shares 1,000.00 1,024.55 0.46
The calculations are based on expenses incurred in the most recent six-month period. The fund’s annualized six-month expense ratio for that period are 0.16% for the California Municipal Money Market Fund; for the California Intermediate-Term Tax-Exempt Fund, 0.17% for Investor Shares and 0.09% for Admiral Shares; and for the California Long-Term Tax-Exempt Fund, 0.17% for Investor Shares and 0.09% for Admiral Shares. The dollar amounts shown as “Expenses Paid" are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period (183/366).
7
California Municipal Money Market Fund
Distribution by Effective Maturity1
As of November 30, 2020
1 - 7 Days 81.8%
8 - 30 Days 5.5
31 - 60 Days 6.0
61 - 90 Days 0.0
91 - 180 Days 5.6
Over 180 Days 1.1
1 Percentage of investments.
8
California Municipal Money Market Fund
Financial Statements
Schedule of Investments
As of November 30, 2020
The fund publishes its holdings on a monthly basis on Vanguard’s website and files them with the Securities and Exchange Commission (SEC) on Form N-MFP. The fund's Form N-MFP filings may be viewed via a link on the "Portfolio Holdings" page at www.vanguard.com or on the SEC’s website at www.sec.gov.
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
Tax-Exempt Municipal Bonds (100.1%)
California (100.1%)
  ABAG Finance Authority for Nonprofit Corps. Local or Guaranteed Housing Revenue VRDO 0.090%  12/7/20  49,820    49,820
1 ABAG Finance Authority for Nonprofit Corps. Miscellaneous Revenue VRDO 0.080%  12/7/20   7,205     7,205
1 ABAG Finance Authority for Nonprofit Corps. Recreational Revenue VRDO 0.130%  12/7/20   7,000     7,000
1,2 Alameda CA Unified School District TOB VRDO 0.130%  12/7/20   4,000     4,000
1,2 Allan Hancock CA Joint Community College GO TOB VRDO 0.130%  12/7/20   6,653     6,653
1,2 Anaheim CA Elementary School District GO TOB VRDO 0.090%  12/7/20   2,120     2,120
  Anaheim Housing Authority Local or Guaranteed Housing Revenue VRDO 0.140%  12/7/20   5,485     5,485
1,2 Bay Area CA Toll Authority Toll Bridge Highway Revenue TOB VRDO 0.120%  12/7/20  19,630    19,630
1,2 Bay Area CA Toll Authority Toll Bridge Highway Revenue TOB VRDO 0.120%  12/7/20  12,035    12,035
1,2 Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) TOB VRDO 0.120%  12/7/20   8,435     8,435
1,2 Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) TOB VRDO 0.120%  12/7/20   6,060     6,060
1,2 Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) TOB VRDO 0.120%  12/7/20   6,710     6,710
1 Bay Area Toll Authority Highway Revenue VRDO 0.080%  12/3/20  48,675    48,675
1 Bay Area Toll Authority Highway Revenue VRDO 0.080%  12/3/20  23,015    23,015
1 Bay Area Toll Authority Highway Revenue VRDO 0.050%  12/7/20  37,680    37,680
1 Bay Area Toll Authority Highway Revenue VRDO 0.060%  12/7/20   3,975     3,975
1 Bay Area Toll Authority Highway Revenue VRDO 0.070%  12/7/20   9,405     9,405
1 Bay Area Toll Authority Highway Revenue VRDO 0.080%  12/7/20  10,080    10,080
1,2 Beverly Hills CA Public Financing Authority Water Revenue TOB VRDO 0.130%  12/7/20   4,580     4,580
1 Big Bear Lake CA Industrial Revenue VRDO 0.130%  12/2/20  44,900    44,900
  BlackRock MuniYield California Fund Inc. VRDO VRDP 0.190% 12/17/20  45,800    45,800
2 BlackRock MuniYield California Quality Fund Inc. VRDO VRDP 0.190%  12/3/20 159,100   159,100
  Cairn High Grade LLC 0.180%  1/13/21  15,082    15,082
1,2 California Coast Community College District GO TOB VRDO 0.120%  12/7/20   5,705     5,705
  California Department of Water Resources Water Revenue 0.170%  12/3/20   9,787     9,787
  California Department of Water Resources Water Revenue 0.170%  12/8/20  25,000    25,000
  California Department of Water Resources Water Revenue 0.170%   1/4/21  18,235    18,235
  California Department of Water Resources Water Revenue 0.170%   1/4/21  15,796    15,796
  California Department of Water Resources Water Revenue 0.170%   1/5/21  25,373    25,373
9
California Municipal Money Market Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Department of Water Resources Water Revenue 0.190%  1/12/21  12,144    12,144
  California Department of Water Resources Water Revenue 0.190%  1/13/21  37,445    37,445
1,2 California Department of Water Resources Water System Revenue (Central Valley Project) TOB VRDO 0.130%  12/7/20   7,770     7,770
  California Educational Facilities Authority College & University Revenue VRDO 0.100%  12/7/20   2,700     2,700
  California Educational Facilities Authority Revenue 0.130%  12/2/20   3,000     3,000
  California Educational Facilities Authority Revenue 0.470%  12/4/20  50,000    50,000
1,2 California Educational Facilities Authority Revenue (Stanford University) TOB VRDO 0.110%  12/7/20   3,300     3,300
1,2 California Educational Facilities Authority Revenue (Stanford University) TOB VRDO 0.120%  12/7/20   4,375     4,375
1,2 California Educational Facilities Authority Revenue (Stanford University) TOB VRDO 0.120%  12/7/20   3,590     3,590
1,2 California Educational Facilities Authority Revenue (Stanford University) TOB VRDO 0.140%  12/7/20   4,000     4,000
  California GO 5.000%   4/1/21  80,530    81,454
  California GO 3.000%   5/1/21  28,220    28,554
1,2 California GO TOB VRDO 0.130%  12/3/20   5,300     5,300
1,2 California GO TOB VRDO 0.110%  12/7/20   9,240     9,240
1,2 California GO TOB VRDO 0.120%  12/7/20  13,000    13,000
1,2 California GO TOB VRDO 0.120%  12/7/20  10,000    10,000
1,2,3 California GO TOB VRDO 0.120%  12/7/20   5,005     5,005
1,2 California GO TOB VRDO 0.120%  12/7/20   4,580     4,580
1,2 California GO TOB VRDO 0.120%  12/7/20   5,000     5,000
1,2 California GO TOB VRDO 0.130%  12/7/20  20,395    20,395
1,2 California GO TOB VRDO 0.130%  12/7/20  26,835    26,835
1,2 California GO TOB VRDO 0.130%  12/7/20  23,645    23,645
1,2 California GO TOB VRDO 0.130%  12/7/20   3,000     3,000
1,2 California GO TOB VRDO 0.130%  12/7/20   2,220     2,220
1,2 California GO TOB VRDO 0.140%  12/7/20   3,335     3,335
1,2 California GO TOB VRDO 0.140%  12/7/20   4,500     4,500
1,2 California GO TOB VRDO 0.140%  12/7/20   2,770     2,770
1,2 California GO TOB VRDO 0.140%  12/7/20  17,590    17,590
1 California GO VRDO 0.060%  12/1/20  19,185    19,185
1 California GO VRDO 0.070%  12/1/20  10,350    10,350
1 California GO VRDO 0.080%  12/1/20   8,320     8,320
1 California GO VRDO 0.080%  12/1/20  12,140    12,140
1 California GO VRDO 0.090%  12/1/20  12,000    12,000
1 California GO VRDO 0.100%  12/1/20   1,515     1,515
1 California GO VRDO 0.090%  12/2/20  15,245    15,245
1 California GO VRDO 0.060%  12/7/20  18,170    18,170
1 California GO VRDO 0.080%  12/7/20  21,460    21,460
  California GO VRDO 0.160% 12/16/20  15,000    15,000
1,2 California Health Facilities Financing Authority (Providence St. Joseph Health Obligated Group) TOB VRDO 0.120%  12/7/20   2,295     2,295
1,2 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue TOB 0.140%  12/3/20  17,565    17,565
1 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.070%  12/1/20   8,920     8,920
1 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.070%  12/1/20   7,200     7,200
1 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.060%  12/2/20  20,700    20,700
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.060%  12/2/20  14,800    14,800
10
California Municipal Money Market Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.060%  12/3/20  12,990    12,990
1 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.060%  12/7/20  29,600    29,600
1 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.060%  12/7/20   4,110     4,110
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.070%  12/7/20  33,215    33,215
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.070%  12/7/20  46,550    46,550
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.070%  12/7/20  14,800    14,800
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.070%  12/7/20  31,425    31,425
1,2,4 California Health Facilities Financing Authority Revenue (Kaiser Credit Group) TOB PUT, SIFMA Municipal Swap Index Yield + 0.150% 0.260%   5/3/21   2,500     2,500
1,2 California Health Facilities Financing Authority Revenue (Kaiser Credit Group) TOB VRDO 0.140%  12/7/20   8,000     8,000
1,2 California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children's Hospitalat Stanford) TOB VRDO 0.120%  12/7/20   2,060     2,060
1,2 California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children's Hospitalat Stanford) TOB VRDO 0.120%  12/7/20  11,395    11,395
1,2 California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children's Hospitalat Stanford) TOB VRDO 0.120%  12/7/20   6,750     6,750
1,2 California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children's Hospitalat Stanford) TOB VRDO 0.140%  12/7/20   6,665     6,665
2 California Infrastructure & Economic Development Bank Economic Development Revenue PUT 0.450%   7/1/21  27,500    27,500
4 California Infrastructure & Economic Development Bank Miscellaneous Revenue PUT, SIFMA Municipal Swap Index Yield - 0.050% 0.060%   4/1/21  22,000    22,000
1,2 California Infrastructure & Economic Development Bank Revenue TOB VRDO 0.130%  12/7/20   5,915     5,915
1,2 California Infrastructure & Economic Development Bank Revenue TOB VRDO 0.130%  12/7/20   6,970     6,970
  California Municipal Finance Authority Industrial Revenue (ExxonMobil Project) VRDO 0.110%  12/1/20  16,310    16,310
  California Municipal Finance Authority Industrial Revenue VRDO 0.100%  12/1/20  44,880    44,880
  California Municipal Finance Authority Local or Guaranteed Housing Revenue VRDO 0.100%  12/7/20  27,010    27,010
1,2 California Municipal Finance Authority Revenue (LAX Integrated Express Solutions LLC) TOB VRDO 0.180%  12/7/20   3,740     3,740
  California Pollution Control Financing Authority Industrial Revenue VRDO 0.110%  12/1/20  12,070    12,070
1,2 California Public Finance Authority Revenue (Sharp Healthcare Obligated Group) TOB VRDO 0.130%  12/7/20   3,750     3,750
1,2 California State University Revenue TOB VRDO 0.120%  12/7/20   2,240     2,240
1,2 California State University Systemwide Revenue TOB VRDO 0.130%  12/7/20   7,160     7,160
1 California Statewide Communities Development Authority Government Fund/Grant Revenue VRDO 0.070%  12/7/20  29,200    29,200
1 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue VRDO 0.070%  12/1/20  12,690    12,690
1 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue VRDO 0.070%  12/7/20   9,210     9,210
1 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue VRDO 0.120%  12/1/20  13,300    13,300
1 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue VRDO 0.120%  12/1/20  14,200    14,200
11
California Municipal Money Market Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue VRDO 0.120%  12/1/20  14,400    14,400
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue VRDO 0.100%  12/7/20  25,920    25,920
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue VRDO 0.110%  12/7/20  11,900    11,900
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue VRDO 0.110%  12/7/20  12,785    12,785
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue VRDO 0.110%  12/7/20  12,605    12,605
1,2 California Statewide Communities Development Authority Revenue (Trinity Health) TOB VRDO 0.130%  12/7/20   2,175     2,175
  California Statewide Communities Development Authority Revenue VRDO 0.150%  12/9/20   3,000     3,000
  California Statewide Communities Development Authority Revenue VRDO 0.150% 12/15/20  19,000    19,000
1,2 California University College & University Revenue TOB VRDO 0.130%  12/7/20   2,755     2,755
1 Calleguas-Las Virgenes Public Financing Authority Water Revenue VRDO 0.070%  12/7/20  12,690    12,690
1,2 Chino Valley CA Unified School District GO TOB VRDO 0.140%  12/7/20   3,945     3,945
1,2 Chino Valley CA Unified School District GO VRDO 0.130%  12/7/20   2,000     2,000
1,2 Coast Community College District GO TOB VRDO 0.120%  12/7/20   5,000     5,000
  Contra Costa CA Water District 0.180% 12/16/20  17,500    17,500
1,2 Corona-Norco Unified School District GO TOB VRDO 0.120%  12/7/20   4,315     4,315
1,2 Cupertino CA Union School District GO TOB VRDO 0.120%  12/7/20   8,870     8,870
1,2 Desert CA Community College District GO TOB VRDO 0.140%  12/7/20   6,000     6,000
1,2 Dublin CA Unified School District GO TOB VRDO 0.080%  12/1/20  35,885    35,885
1,2 Dublin CA Unified School District GO TOB VRDO 0.080%  12/1/20  12,965    12,965
1,2 East Bay CA Municipal Utility District Water System Revenue TOB VRDO 0.130%  12/7/20  10,025    10,025
1,2 East Bay CA Municipal Utility District Water System Revenue TOB VRDO 0.140%  12/7/20   2,500     2,500
  East Bay Municipal Utility District Water System Water Revenue VRDO 0.180%  12/3/20  23,400    23,400
1,2 East Bay Municipal Utility District Water System Water Revenue VRDO 0.110%  12/7/20  24,000    24,000
1,2 East Bay Municipal Utility District Water System Water Revenue VRDO 0.110%  12/7/20  40,000    40,000
1,2 Eastern Municipal Water District Financing Authority TOB VRDO 0.140%  12/7/20   9,000     9,000
1,2 Elk Grove CA Unified School District GO TOB VRDO 0.080%  12/1/20  10,945    10,945
1,2 Elk Grove CA Unified School District GO TOB VRDO 0.090%  12/7/20     670       670
1,2 Elk Grove CA Unified School District GO TOB VRDO 0.130%  12/7/20   2,120     2,120
  Escondido Community Development Commission Local or Guaranteed Housing Revenue VRDO 0.140%  12/7/20   4,250     4,250
1,2,5 Fairfield CA COP TOB VRDO 0.210%  12/7/20   2,307     2,307
1,2 Fairfield-Suisun CA Unified School District GO TOB VRDO 0.080%  12/1/20  12,345    12,345
1,2 Folsom Cordova Unified School District School Facilities Improvement District No. 5 TOB VRDO 0.130%  12/7/20   3,750     3,750
1,2 Foothill-De Anza CA Community College District GO TOB VRDO 0.140%  12/7/20   7,500     7,500
1,2 Foothill-Eastern CA Transportation Corridor Agency Revenue TOB VRDO 0.150%  12/7/20   1,110     1,110
1,2 Fremont Union High School District TOB VRDO 0.140%  12/7/20   3,425     3,425
1,2 Gilroy CA Unified School District GO TOB VRDO 0.150%  12/7/20   2,000     2,000
1,2 Glendale CA Community College District GO TOB VRDO 0.140%  12/7/20   4,000     4,000
1,2 Hartnell CA Community College GO TOB VRDO 0.140%  12/7/20   1,245     1,245
1,2 Hayward CA Area Recreation & Park District GO TOB VRDO 0.140%  12/7/20   5,000     5,000
1,2 Huntington Beach CA City School District GO TOB VRDO 0.080%  12/1/20  12,220    12,220
12
California Municipal Money Market Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Irvine CA Special Assessment Revenue VRDO 0.070%  12/1/20   5,775     5,775
1,2 Irvine CA VRDO 0.070%  12/1/20   3,200     3,200
1 Irvine CA VRDO 0.070%  12/1/20   6,800     6,800
1,2 Irvine CA VRDO 0.070%  12/1/20   4,000     4,000
1,2 Irvine CA VRDO 0.070%  12/1/20   5,275     5,275
1,2 Irvine CA VRDO 0.070%  12/1/20   4,050     4,050
1 Irvine CA VRDO 0.080%  12/1/20  45,600    45,600
1,2 Irvine Ranch CA Water District COP TOB VRDO 0.130%  12/7/20   3,220     3,220
4 Irvine Ranch Water District PUT, SIFMA Municipal Swap Index Yield - 0.060% 0.050%   3/3/21  38,500    38,500
4 Irvine Ranch Water District PUT, SIFMA Municipal Swap Index Yield - 0.060% 0.050%   3/3/21  25,000    25,000
1 Irvine Ranch Water District VRDO 0.070%  12/1/20   6,295     6,295
1 Irvine Ranch Water District VRDO 0.070%  12/1/20     900       900
  Livermore Housing Authority Local or Guaranteed Housing Revenue VRDO 0.140%  12/7/20   4,770     4,770
1,2 Long Beach CA Community College District GO TOB VRDO 0.130%  12/7/20   5,051     5,051
1,2 Long Beach CA Harbor Revenue TOB VRDO 0.130%  12/7/20   4,000     4,000
1,2 Long Beach CA Harbor Revenue TOB VRDO 0.130%  12/7/20   3,750     3,750
1,2 Long Beach CA Unified School District GO TOB VRDO 0.130%  12/7/20  32,160    32,160
1,2 Long Beach CA Unified School District GO TOB VRDO 0.140%  12/7/20   1,620     1,620
1,2 Los Angeles CA Community College District TOB VRDO 0.140%  12/7/20   3,750     3,750
1,2 Los Angeles CA Department of Airports International Airport Revenue TOB VRDO 0.160%  12/7/20   9,555     9,555
1,2 Los Angeles CA Department of Airports International Airport Revenue TOB VRDO 0.160%  12/7/20   3,970     3,970
1,2 Los Angeles CA Department of Airports International Airport Revenue TOB VRDO 0.160%  12/7/20   4,500     4,500
1,2 Los Angeles CA Department of Airports International Airport Revenue TOB VRDO 0.160%  12/7/20   5,015     5,015
1,2 Los Angeles CA Department of Airports International Airport Revenue TOB VRDO 0.180%  12/7/20   1,460     1,460
1,2 Los Angeles CA Department of Airports International Airport Revenue TOB VRDO 0.180%  12/7/20   2,940     2,940
1,2 Los Angeles CA Department of Airports International Airport Revenue TOB VRDO 0.230%  12/7/20   5,020     5,020
1,2 Los Angeles CA Department of Airports International Airport Revenue TOB VRDO 0.230%  12/7/20   6,665     6,665
1,2 Los Angeles CA Department of Airports International Airport Revenue TOB VRDO 0.230%  12/7/20   7,545     7,545
1,2 Los Angeles CA Department of Airports Port, Airport & Marina Revenue TOB VRDO 0.130%  12/7/20  12,060    12,060
1,2 Los Angeles CA Department of Airports Port, Airport & Marina Revenue TOB VRDO 0.160%  12/7/20   6,520     6,520
1,2 Los Angeles CA Department of Airports Port, Airport & Marina Revenue TOB VRDO 0.160%  12/7/20   2,670     2,670
1,2 Los Angeles CA Department of Airports Port, Airport & Marina Revenue TOB VRDO 0.180%  12/7/20   8,895     8,895
1,2 Los Angeles CA Department of Airports Port, Airport & Marina Revenue TOB VRDO 0.230%  12/7/20   2,500     2,500
1,2 Los Angeles CA Department of Water & Power Revenue TOB VRDO 0.140%  12/3/20   5,400     5,400
1,2 Los Angeles CA Department of Water & Power Revenue TOB VRDO 0.130%  12/7/20   1,150     1,150
1,2 Los Angeles CA Department of Water & Power Revenue TOB VRDO 0.140%  12/7/20  12,270    12,270
1,2 Los Angeles CA Department of Water & Power Revenue TOB VRDO 0.140%  12/7/20   7,590     7,590
13
California Municipal Money Market Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1,2 Los Angeles CA Department of Water & Power Revenue TOB VRDO 0.140%  12/7/20   2,000     2,000
1,2 Los Angeles CA Department of Water & Power System Revenue TOB VRDO 0.140%  12/7/20   9,200     9,200
1,2 Los Angeles CA Harbor Department Revenue TOB VRDO 0.130%  12/7/20   1,875     1,875
1,2 Los Angeles CA Harbor Department Revenue TOB VRDO 0.160%  12/7/20   2,220     2,220
  Los Angeles CA Municipal Improvement Corporation Lease Revenue 0.180%  12/8/20   6,380     6,380
  Los Angeles CA Municipal Improvement Corporation Lease Revenue 0.160% 12/14/20   9,000     9,000
  Los Angeles CA Municipal Improvement Corporation Lease Revenue 0.200%  1/19/21  18,500    18,500
1 Los Angeles CA Wastewater System Water Revenue VRDO 0.090%  12/3/20  32,465    32,465
  Los Angeles County CA Capital Asset Leasing Corporation Lease Revenue 0.180%  12/7/20   6,000     6,000
  Los Angeles County CA Capital Asset Leasing Corporation Lease Revenue 0.180%  12/7/20   7,100     7,100
  Los Angeles County CA Capital Asset Leasing Corporation Lease Revenue 0.180%  12/8/20   5,950     5,950
  Los Angeles County CA Capital Asset Leasing Corporation Lease Revenue 0.180%  12/8/20   9,800     9,800
  Los Angeles County CA Capital Asset Leasing Corporation Lease Revenue 0.160% 12/15/20  10,100    10,100
  Los Angeles County CA Capital Asset Leasing Corporation Lease Revenue 0.160% 12/16/20  18,000    18,000
  Los Angeles County CA Capital Asset Leasing Corporation Lease Revenue 0.160% 12/16/20   3,000     3,000
  Los Angeles County CA Capital Asset Leasing Corporation Lease Revenue 0.180%   1/6/21  12,000    12,000
  Los Angeles County CA Capital Asset Leasing Corporation Lease Revenue 0.180%   1/7/21   9,440     9,440
  Los Angeles County CA Capital Asset Leasing Corporation Lease Revenue 0.180%   1/7/21  34,800    34,800
  Los Angeles County CA Capital Asset Leasing Corporation Lease Revenue 0.180%   1/7/21  21,500    21,500
  Los Angeles County CA Metropolitan Transportation Authority Revenue 0.150%  12/3/20  15,000    15,000
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.080%  12/1/20  12,900    12,900
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.100%  12/1/20  10,350    10,350
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.060%  12/3/20      50        50
1,2 Los Angeles Department of Water & Power System Revenue TOB VRDO 0.110%  12/7/20   9,600     9,600
1,2 Los Angeles Department of Water & Power System Revenue TOB VRDO 0.130%  12/7/20   7,335     7,335
  Los Angeles Department of Water Revenue VRDO 0.070%  12/1/20   7,500     7,500
  Los Angeles Department of Water Revenue VRDO 0.090%  12/1/20  13,000    13,000
  Los Angeles Department of Water Revenue VRDO 0.060%  12/3/20  32,100    32,100
1,2 Lucia Mar CA Unified School District GO TOB VRDO 0.130%  12/7/20   9,975     9,975
1,2 Madera CA Unified School District GO TOB VRDO 0.130%  12/7/20   6,400     6,400
1,2 Marin CA Community College District GO TOB VRDO 0.120%  12/7/20   3,125     3,125
1,2 Marin CA Healthcare District GO TOB VRDO 0.120%  12/7/20   5,585     5,585
1,2 Marin CA Healthcare District GO TOB VRDO 0.130%  12/7/20   5,235     5,235
1,2 Marin CA Healthcare District GO TOB VRDO 0.140%  12/7/20   1,600     1,600
1,2 Marin CA Water District Financing Authority Revenue TOB VRDO 0.150%  12/7/20   4,025     4,025
14
California Municipal Money Market Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
4 Metropolitan Water District of Southern California Water Revenue PUT, SIFMA Municipal Swap Index Yield + 0.250% 0.360%  6/21/21   6,500     6,499
4 Metropolitan Water District of Southern California Water Revenue PUT, SIFMA Municipal Swap Index Yield + 0.250% 0.360%  6/21/21   7,500     7,500
4 Metropolitan Water District of Southern California Water Revenue PUT, SIFMA Municipal Swap Index Yield + 0.250% 0.360%  6/21/21   7,000     6,998
  Metropolitan Water District of Southern California Water Revenue VRDO 0.090%  12/1/20   3,300     3,300
  Metropolitan Water District of Southern California Water Revenue VRDO 0.100%  12/1/20  13,300    13,300
1,2 Montebello CA Unified School District GO TOB VRDO 0.120%  12/7/20   4,700     4,700
1,2 Morgan Hill CA Unified School District GO TOB VRDO 0.130%  12/7/20   8,000     8,000
1,2 Mount San Antonio CA Community College District TOB VRDO 0.120%  12/7/20   4,000     4,000
1,2 Newhall CA School District GO TOB VRDO 0.080%  12/1/20  10,450    10,450
1 Northern California Power Agency Electric Power & Light Revenue VRDO 0.100%  12/7/20  34,580    34,580
1,2 Norwalk-La Mirada CA Unified School District GO TOB VRDO 0.150%  12/7/20   2,500     2,500
1,2 Nuveen California AMT-Free Quality Municipal Income Fund VRDO VRDP 0.140%  12/3/20  16,000    16,000
1,2 Nuveen California AMT-Free Quality Municipal Income Fund VRDO VRDP 0.140%  12/3/20  67,000    67,000
1,2 Nuveen California Quality Municipal Income Fund VRDO VRDP 0.280%  12/1/20  68,400    68,400
1,2 Nuveen California Quality Municipal Income Fund VRDO VRDP 0.180%  12/3/20  44,000    44,000
1,2 Nuveen California Quality Municipal Income Fund VRDO VRDP 0.180%  12/3/20   9,100     9,100
1,2 Nuveen California Quality Municipal Income Fund VRDO VRDP 0.180%  12/3/20  13,600    13,600
1,2 Nuveen California Quality Municipal Income Fund VRDO VRDP 0.210%  12/3/20  60,500    60,500
1,2 Oakland CA GO TOB VRDO 0.080%  12/1/20  10,160    10,160
  Oceanside CA Local or Guaranteed Housing Revenue VRDO 0.110%  12/7/20  15,000    15,000
1 Orange County Water District COP VRDO 0.100%  12/7/20  18,340    18,340
1,2,6 Oxnard School District GO TOB VRDO 0.120%  12/7/20   3,000     3,000
1 Pasadena CA COP VRDO 0.100%  12/3/20  59,530    59,530
1,2 Poway CA Unified School District GO TOB VRDO 0.130%  12/7/20   3,954     3,954
1,2,4 Sacramento CA Area Flood Control Agency Special Assessment Revenue PUT TOB, SIFMA Municipal Swap Index Yield + 0.150% 0.260%   4/1/21   2,300     2,300
1,2 Sacramento CA Area Flood Control Agency Special Assessment Revenue TOB VRDO 0.130%  12/7/20   6,000     6,000
1,2 Sacramento CA Area Flood Control Agency Special Assessment Revenue TOB VRDO 0.130%  12/7/20  10,000    10,000
1,2 Sacramento CA Municipal Utility District Revenue TOB VRDO 0.140%  12/7/20  12,000    12,000
  Sacramento County CA Local or Guaranteed Housing Revenue VRDO 0.140%  12/7/20   9,700     9,700
  Sacramento County Housing Authority Local or Guaranteed Housing Revenue VRDO 0.120%  12/7/20   6,805     6,805
  Sacramento Housing Authority Local or Guaranteed Housing Revenue VRDO 0.110%  12/7/20  14,270    14,270
1 Sacramento Transportation Authority Sales Tax Revenue VRDO 0.060%  12/3/20  28,335    28,335
1 Sacramento Transportation Authority Sales Tax Revenue VRDO 0.070%  12/3/20  20,600    20,600
  Sacramento Transportation Authority Sales Tax Revenue VRDO 0.060%  12/7/20  89,380    89,380
1,2 San Bernardino CA Community College District GO TOB VRDO 0.130%  12/7/20   4,620     4,620
1,2 San Bernardino County CA Transportation Authority Revenue TOB VRDO 0.130%  12/7/20   7,900     7,900
1,2 San Diego CA Community College District GO TOB VRDO 0.120%  12/7/20   6,445     6,445
1,2 San Diego CA Unified School District GO TOB VRDO 0.120%  12/7/20   4,500     4,500
1,2 San Diego CA Unified School District GO TOB VRDO 0.130%  12/7/20  10,005    10,005
1,2 San Diego CA Unified School District GO TOB VRDO 0.140%  12/7/20   2,500     2,500
1,2 San Diego CA Unified School District GO TOB VRDO 0.140%  12/7/20   4,000     4,000
15
California Municipal Money Market Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1,2 San Diego County CA Regional Transportation Commission Sales Tax Revenue TOB VRDO 0.130%  12/7/20   6,665     6,665
  San Diego County CA Water Authority 0.210%  12/7/20  17,500    17,500
  San Diego County CA Water Authority 0.250%  12/9/20  12,500    12,500
  San Diego County CA Water Authority 0.190%   1/7/21  35,000    35,000
  San Diego County CA Water Authority 0.200%  1/20/21  22,500    22,500
  San Diego County Regional Transportation Commission Sales Tax Revenue 4.000%   4/1/21  52,310    52,888
  San Diego County Regional Transportation Commission Sales Tax Revenue VRDO 0.080%  12/7/20  44,580    44,580
  San Diego County Regional Transportation Commission Sales Tax Revenue VRDO 0.080%  12/7/20  62,935    62,935
1 San Diego Housing Authority Local or Guaranteed Housing Revenue VRDO 0.110%  12/7/20  21,300    21,300
1,2 San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue TOB VRDO 0.130%  12/7/20   3,750     3,750
1,2 San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue TOB VRDO 0.140%  12/7/20   5,550     5,550
  San Francisco CA City & County 0.160% 12/15/20   9,110     9,110
1,2 San Francisco CA City & County GO VRDO 0.120%  12/7/20  12,010    12,010
1,2 San Francisco CA City & County International Airport Revenue TOB VRDO 0.160%  12/7/20  37,185    37,185
1,2 San Francisco CA City & County International Airport Revenue TOB VRDO 0.160%  12/7/20  12,900    12,900
1,2 San Francisco CA City & County International Airport Revenue TOB VRDO 0.160%  12/7/20  19,655    19,655
1 San Francisco CA City & County Local or Guaranteed Housing Revenue VRDO 0.110%  12/2/20  81,215    81,215
1 San Francisco CA City & County Local or Guaranteed Housing Revenue VRDO 0.110%  12/7/20  39,335    39,335
1,2 San Francisco CA City & County Public Utilities Commission Wastewater Revenue TOB VRDO 0.120%  12/7/20   4,500     4,500
1,2 San Francisco CA City & County Public Utilities Commission Wastewater Revenue TOB VRDO 0.140%  12/7/20   6,900     6,900
1,2 San Francisco CA City & County Public Utilities Commission Water Revenue TOB VRDO 0.140%  12/7/20   8,885     8,885
1 San Francisco City & County Airport Comm-San Francisco International Airport Port, Airport & Marina Revenue VRDO 0.090%  12/7/20  68,330    68,330
1,2 San Joaquin Delta CA Community College District GO TOB VRDO 0.150%  12/7/20   4,835     4,835
1,2 San Jose Unified School District GO TOB VRDO 0.140%  12/7/20   2,120     2,120
1,2 San Mateo CA Union High School District GO TOB VRDO 0.130%  12/7/20   4,358     4,358
1,2 San Mateo County CA Community College District GO TOB VRDO 0.140%  12/7/20   8,810     8,810
1,2 San Mateo County CA Community College District GO TOB VRDO 0.140%  12/7/20   2,235     2,235
1 San Mateo County Transportation Authority Sales Tax Revenue VRDO 0.100%  12/1/20  12,700    12,700
1 San Mateo County Transportation Authority Sales Tax Revenue VRDO 0.100%  12/7/20  19,000    19,000
  Santa Ana Community Redevelopment Agency Successor Agency Tax Allocation Revenue, Prere. 6.000%   3/1/21   3,350     3,394
1,2 Santa Clara CA TOB VRDO 0.140%  12/7/20   2,985     2,985
1,2 Santa Clara County CA GO TOB VRDO 0.130%  12/7/20   8,250     8,250
1 Santa Clara County Financing Authority Lease (Abatement) Revenue (Multiple Facilities Projects) VRDO 0.100%  12/2/20   9,200     9,200
  Santa Clara Valley CA Water District 0.170%  12/3/20   5,000     5,000
  Santa Clara Valley Transportation Authority Sales Tax Revenue VRDO 0.090%  12/3/20  29,940    29,940
16
California Municipal Money Market Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Santa Clara Valley Transportation Authority Sales Tax Revenue VRDO 0.070%  12/7/20  39,350    39,350
1,2 Santa Monica CA Community College District GO TOB VRDO 0.130%  12/7/20   1,200     1,200
1,2 Santa Monica CA Community College District GO TOB VRDO 0.140%  12/7/20   5,000     5,000
1,2 Solano County CA Community College District GO TOB VRDO 0.140%  12/7/20   3,000     3,000
1,2 Sonoma County Junior College District GO TOB VRDO 0.120%  12/7/20   5,000     5,000
1 Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-20) VRDO 0.070%  12/1/20  19,200    19,200
1,2 Southwestern CA Community College District GO TOB VRDO 0.130%  12/7/20   6,010     6,010
1,2 Southwestern CA Community College District GO TOB VRDO 0.140%  12/7/20   3,200     3,200
1,2 Sunnyvale CA School District GO TOB VRDO 0.130%  12/7/20   2,000     2,000
1,2 University of California College & University Revenue TOB VRDO 0.130%  12/7/20   2,230     2,230
  University of California College & University Revenue VRDO 0.080%  12/1/20  55,400    55,400
  University of California College & University Revenue VRDO 0.080%  12/1/20  25,800    25,800
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.060%  12/1/20   4,700     4,700
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.060%  12/1/20  55,020    55,020
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.100%  12/1/20   6,825     6,825
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.100%  12/1/20  42,805    42,805
  University of California Revenue 0.130%  12/2/20  12,000    12,000
  University of California Revenue 0.170% 12/15/20  43,000    43,000
1,2 University of California Revenue TOB VRDO 0.140%  12/3/20   5,000     5,000
1,2 University of California Revenue TOB VRDO 0.140%  12/3/20  10,135    10,135
1,2 University of California Revenue TOB VRDO 0.120%  12/7/20   1,500     1,500
1,2 University of California Revenue TOB VRDO 0.130%  12/7/20   3,670     3,670
1,2 University of California Revenue TOB VRDO 0.140%  12/7/20   4,125     4,125
1,2 University of California Revenue TOB VRDO 0.140%  12/7/20   2,585     2,585
1,2 University of California Revenue TOB VRDO 0.140%  12/7/20   2,500     2,500
1,2 University of California Revenue TOB VRDO 0.140%  12/7/20   5,000     5,000
1,2 University of California TOB VRDO 0.140%  12/7/20  20,870    20,870
1,2 Ventura County CA Community College District GO TOB VRDO 0.150%  12/7/20   6,000     6,000
1,2 West Valley-Mission CA Community College District GO TOB VRDO 0.140%  12/3/20     200       200
17
California Municipal Money Market Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1,2 Yosemite CA Community College District GO TOB VRDO 0.130%  12/7/20   5,091     5,091
Total Tax-Exempt Municipal Bonds (Cost $4,599,438) 4,599,438
Total Investments (100.1%) (Cost $4,599,438) 4,599,438
Other Assets and Liabilities—Net (-0.1%) (4,556)
Net Assets (100%) 4,594,882
Cost is in $000.
• See Note A in Notes to Financial Statements.
1 Scheduled principal and interest payments are guaranteed by bank letter of credit.
2 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At November 30, 2020, the aggregate value was $1,652,574,000, representing 36.0% of net assets.
3 Scheduled principal and interest payments are guaranteed by Assured Guaranty Municipal Corp.
4 Variable rate security; rate shown is effective rate at period end. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent based on current market conditions.
5 Scheduled principal and interest payments are guaranteed by XL Capital Assurance Inc.
6 Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co.
  COP—Certificate of Participation.
  GO—General Obligation Bond.
  Prere.—Prerefunded.
  PUT—Put Option Obligation.
  SIFMA—Securities Industry and Financial Markets Association.
  TOB—Tender Option Bond.
  VRDO—Variable Rate Demand Obligation.
  VRDP—Variable Rate Demand Preferred.
  
See accompanying Notes, which are an integral part of the Financial Statements.
18
California Municipal Money Market Fund
Statement of Assets and Liabilities
As of November 30, 2020
($000s, except shares and per-share amounts) Amount
Assets  
Investments in Securities, at Value—Unaffiliated Issuers (Cost $4,599,438) 4,599,438
Investment in Vanguard 200
Cash 70
Receivables for Accrued Income 2,178
Receivables for Capital Shares Issued 7,476
Other Assets 2,146
Total Assets 4,611,508
Liabilities  
Payables for Capital Shares Redeemed 16,295
Payables for Distributions 4
Payables to Vanguard 327
Total Liabilities 16,626
Net Assets 4,594,882
At November 30, 2020, net assets consisted of:  
   
Paid-in Capital 4,594,803
Total Distributable Earnings (Loss) 79
Net Assets 4,594,882
 
Net Assets  
Applicable to 4,593,806,287 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		4,594,882
Net Asset Value Per Share $1.00
  
See accompanying Notes, which are an integral part of the Financial Statements.
19
California Municipal Money Market Fund
Statement of Operations
  Year Ended
November 30, 2020
  ($000)
Investment Income  
Income  
Interest 34,529
Total Income 34,529
Expenses  
The Vanguard Group—Note B  
Investment Advisory Services 1,080
Management and Administrative 6,608
Marketing and Distribution 736
Custodian Fees 25
Auditing Fees 27
Shareholders’ Reports 8
Trustees’ Fees and Expenses 3
Total Expenses 8,487
Expenses Paid Indirectly (16)
Expense Reduction—Note B (37)
Net Expenses 8,434
Net Investment Income 26,095
Realized Net Gain (Loss) on Investment Securities Sold 317
Net Increase (Decrease) in Net Assets Resulting from Operations 26,412
  
See accompanying Notes, which are an integral part of the Financial Statements.
20
California Municipal Money Market Fund
Statement of Changes in Net Assets
  Year Ended November 30,
  2020
($000) 		2019
($000)
     
Increase (Decrease) in Net Assets    
Operations    
Net Investment Income 26,095 70,947
Realized Net Gain (Loss) 317 130
Net Increase (Decrease) in Net Assets Resulting from Operations 26,412 71,077
Distributions1    
Total Distributions (26,103) (70,936)
Capital Share Transactions (at $1.00 per share)    
Issued 3,024,172 3,313,550
Issued in Lieu of Cash Distributions 23,189 64,102
Redeemed (4,102,524) (3,077,072)
Net Increase (Decrease) from Capital Share Transactions (1,055,163) 300,580
Total Increase (Decrease) (1,054,854) 300,721
Net Assets    
Beginning of Period 5,649,736 5,349,015
End of Period 4,594,882 5,649,736
1 Certain prior-period numbers have been reclassified to conform with the current-period presentation.
  
See accompanying Notes, which are an integral part of the Financial Statements.
21
California Municipal Money Market Fund
Financial Highlights
For a Share Outstanding
Throughout Each Period  		Year Ended November 30,
2020 2019 2018 2017 2016
Net Asset Value, Beginning of Period $1.00 $1.00 $1.00 $1.00 $1.00
Investment Operations          
Net Investment Income .0051 .0131 .0121 .0061 .002
Net Realized and Unrealized Gain (Loss) on Investments — — — — —
Total from Investment Operations .005 .013 .012 .006 .002
Distributions          
Dividends from Net Investment Income (.005) (.013) (.012) (.006) (.002)
Distributions from Realized Capital Gains — — — — —
Total Distributions (.005) (.013) (.012) (.006) (.002)
Net Asset Value, End of Period $1.00 $1.00 $1.00 $1.00 $1.00
Total Return2 0.47% 1.29% 1.18% 0.64% 0.25%
Ratios/Supplemental Data          
Net Assets, End of Period (Millions) $4,595 $5,650 $5,349 $4,043 $3,505
Ratio of Total Expenses to Average Net Assets 0.16%3 0.16% 0.16% 0.16% 0.13%3
Ratio of Net Investment Income to Average Net Assets 0.49% 1.28% 1.18% 0.64% 0.25%
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 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 2020 and 0.16% for 2016. For the years ended November 30, 2019, 2018 and 2017, there were no expense reductions.
  
See accompanying Notes, which are an integral part of the Financial Statements.
22
California Municipal Money Market Fund
Notes to Financial Statements
Vanguard California Municipal Money Market Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund invests in debt instruments of municipal issuers whose ability to meet their obligations may be affected by economic and political developments in the state. Many municipalities insure repayment of their bonds. The insurance does not guarantee the market value of the municipal bonds. Market disruptions associated with the COVID-19 pandemic have had a global impact, and uncertainty exists as to the long-term implications. Such disruptions can adversely affect assets of the fund and thus fund performance.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.
1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Securities are valued at amortized cost, which approximates market value.
2. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its income. 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, subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility; these fees are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at a rate based upon the higher of the one-month London Interbank Offered Rate (or an acceptable alternate rate, if necessary), federal funds effective rate, or overnight bank funding rate plus an agreed-upon spread, except that borrowings under the uncommitted credit facility may bear interest based upon an 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
23
California Municipal Money Market Fund
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 year ended November 30, 2020, the fund did not utilize the credit facilities or the Interfund Lending Program.
5. Other: Interest income is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
B. In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month.
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At November 30, 2020, the fund had contributed to Vanguard capital in the amount of $200,000, representing less than 0.01% of the fund’s net assets and 0.08% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
Vanguard and the board of trustees have agreed to temporarily limit certain net operating expenses in excess of the fund's daily yield in order to maintain a zero or positive yield for the fund. Vanguard and the board of trustees may terminate the temporary expense limitation at any time. For the year ended November 30, 2020, Vanguard's expenses were reduced by $37,000 (an effective annual rate of less than 0.01% of the fund's average net assets); the fund is not obligated to repay this amount to Vanguard.
C. The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the year ended November 30, 2020, custodian fee offset arrangements reduced the fund’s expenses by $16,000 (an annual rate of less than 0.01% of average net assets).
D. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
24
California Municipal Money Market Fund
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 November 30, 2020, 100% of the market value of the fund’s investments was determined using amortized cost, in accordance with rules under the Investment Company Act of 1940. Amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, securities valued at amortized cost are considered to be valued using Level 2 inputs.
E. Permanent differences between book-basis and tax-basis components of net assets, if any, are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share.
Temporary differences between book-basis and tax-basis components of total distributable earnings (losses) arise when certain items of income, gain, or loss are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future. The differences are primarily related to the inclusion of payables for distributions. As of period end, the tax-basis components of total distributable earnings (losses) are detailed in the table as follows:
  Amount
($000)
Undistributed Ordinary Income —
Undistributed Tax-Exempt Income 17
Undistributed Long-Term Gains —
Capital Loss Carryforwards —
Qualified Late-Year Losses —
Net Unrealized Gains (Losses) —
The tax character of distributions paid was as follows:
  Year Ended November 30,
  2020
Amount
($000) 		2019
Amount
($000)
Tax-Exempt Income 26,103 70,936
Ordinary Income* — —
Long-Term Capital Gains — —
Total 26,103 70,936
* Includes short-term capital gains, if any.
25
California Municipal Money Market Fund
As of November 30, 2020, gross unrealized appreciation and depreciation for investments based on cost for U.S. federal income tax purposes were as follows:
  Amount
($000)
Tax Cost 4,599,438
Gross Unrealized Appreciation —
Gross Unrealized Depreciation —
Net Unrealized Appreciation (Depreciation) —
F. The fund purchased securities from and sold securities to other Vanguard funds or accounts managed by Vanguard or its affiliates, in accordance with procedures adopted by the board of trustees in compliance with Rule 17a-7 of the Investment Company Act of 1940. For the year ended November 30, 2020, such purchases and sales were $1,600,616,000 and $841,597,000, respectively.
G. Management has determined that no events or transactions occurred subsequent to November 30, 2020, that would require recognition or disclosure in these financial statements.
26
California Intermediate-Term Tax-Exempt Fund
Performance Summary
All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares.
Cumulative Performance: November 30, 2010, Through November 30, 2020
Initial Investment of $10,000
    Average Annual Total Returns
Periods Ended November 30, 2020 		 
    One
Year 		Five
Years 		Ten
Years 		Final Value
of a $10,000
Investment
California Intermediate-Term Tax-Exempt Fund Investor Shares 4.54% 3.49% 4.16% $15,036
Bloomberg Barclays Municipal CA Intermediate Bond Index 4.91 3.32 4.00 14,795
Bloomberg Barclays Municipal Bond Index 4.89 3.93 4.36 15,320
  
       
    One
Year 		Five
Years 		Ten
Years 		Final Value
of a $50,000
Investment
California Intermediate-Term Tax-Exempt Fund Admiral Shares 4.62% 3.58% 4.25% $75,812
Bloomberg Barclays Municipal CA Intermediate Bond Index 4.91 3.32 4.00 73,977
Bloomberg Barclays Municipal Bond Index 4.89 3.93 4.36 76,601
See Financial Highlights for dividend and capital gains information.
27
California Intermediate-Term Tax-Exempt Fund
Distribution by Stated Maturity
As of November 30, 2020
Under 1 Year 7.3%
1 - 3 Years 10.0
3 - 5 Years 11.7
5 - 10 Years 23.9
10 - 20 Years 46.2
20 - 30 Years 0.9
Over 30 Years 0.0
The table reflects the fund’s investments, except for short-term investments and derivatives.
28
California Intermediate-Term Tax-Exempt Fund
Financial Statements
Schedule of Investments
As of November 30, 2020
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
Tax-Exempt Municipal Bonds (99.7%)
California (99.1%)
  91 Express Lanes Toll Road Highway Revenue 5.000%  8/15/22  1,050      1,135
  91 Express Lanes Toll Road Highway Revenue 5.000%  8/15/27  2,565      2,829
  91 Express Lanes Toll Road Highway Revenue 5.000%  8/15/28  2,545      2,800
  91 Express Lanes Toll Road Highway Revenue 5.000%  8/15/29    100        110
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   8/1/21  1,000      1,031
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.250%   8/1/21  1,000      1,034
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 6.000%   8/1/21 19,165     19,903
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   2/1/22    960      1,013
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   2/1/22    950      1,003
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   2/1/22  2,490      2,629
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   2/1/22    100        106
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   2/1/22    900        950
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   7/1/23  1,020      1,066
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   7/1/24  1,195      1,248
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 6.000%   7/1/31  2,750      2,797
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   8/1/31  1,000      1,108
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   4/1/32  7,250      7,923
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   7/1/32  3,120      3,243
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   8/1/32  1,000      1,103
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   8/1/34  1,790      1,966
  ABAG Finance Authority for Nonprofit Corps. Miscellaneous Revenue 5.000%   7/1/22    555        592
  ABAG Finance Authority for Nonprofit Corps. Miscellaneous Revenue 5.000%   7/1/23  1,000      1,067
29
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  ABAG Finance Authority for Nonprofit Corps. Miscellaneous Revenue 5.000%   7/1/24  1,265      1,350
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/21    275        285
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/22    350        380
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/23    370        419
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/24    395        467
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/25    505        583
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/26    675        779
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/28  1,150      1,325
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/29    985      1,134
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/30  1,405      1,616
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/31    495        568
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/32    520        595
1 Alameda Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000%   9/1/27    750        871
1 Alameda Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000%   9/1/28  1,000      1,159
1 Alameda Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000%   9/1/30  1,680      1,938
1 Alameda Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000%   9/1/31  1,640      1,890
1 Alameda Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000%   9/1/32  3,000      3,450
1 Alameda Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000%   9/1/33  2,375      2,728
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 4.000%  10/1/21  1,495      1,532
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/22  2,220      2,392
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/22  6,350      6,807
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 4.000%  10/1/23  3,265      3,540
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/23  2,610      2,921
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/24    125        140
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/24  2,755      3,170
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/25  3,660      4,095
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/25  4,185      4,967
2 Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/28    150        167
3 Alameda Corridor Transportation Authority Transit Revenue 0.000%  10/1/29 30,290     24,741
3 Alameda Corridor Transportation Authority Transit Revenue 0.000%  10/1/30 10,220      8,103
30
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
4 Alameda Corridor Transportation Authority Transit Revenue 0.000%  10/1/33    330        240
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/34 16,135     18,918
2 Alameda Corridor Transportation Authority Transit Revenue 4.000%  10/1/35    275        308
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/35 20,470     23,949
2 Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/35  2,055      2,443
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/36 13,670     15,955
2 Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/36  1,150      1,360
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/37  1,100      1,281
  Alameda County CA Unified School District GO 4.000%   8/1/28    500        617
  Alameda County CA Unified School District GO 4.000%   8/1/29    350        429
  Alameda County CA Unified School District GO 4.000%   8/1/30    500        610
  Alameda County CA Unified School District GO 4.000%   8/1/31    415        504
  Alameda County CA Unified School District GO 4.000%   8/1/32    460        554
  Alameda County CA Unified School District GO 4.000%   8/1/33    500        597
  Alameda County CA Unified School District GO 4.000%   8/1/34    500        594
  Alameda County CA Unified School District GO 5.000%   8/1/34  2,890      3,448
  Alameda County CA Unified School District GO 3.000%   8/1/35  1,000      1,098
  Alameda County CA Unified School District GO 3.000%   8/1/36  1,065      1,166
  Alameda County CA Unified School District GO 3.000%   8/1/38  1,000      1,089
  Alameda County CA Unified School District GO 3.000%   8/1/39  2,160      2,346
5 Alameda County Joint Powers Authority Lease (Abatement) Revenue 4.000%  12/1/34 16,125     18,713
  Alameda County Joint Powers Authority Lease (Abatement) Revenue (Multiple Capital Projects) 5.000%  12/1/32  7,000      7,958
  Alameda County Joint Powers Authority Lease (Abatement) Revenue (Multiple Capital Projects) 5.000%  12/1/33  8,415      9,563
  Alameda County Joint Powers Authority Lease (Abatement) Revenue (Multiple Capital Projects) 5.000%  12/1/34  4,640      5,270
  Alameda County Transportation Commission Sales Tax Revenue 4.000%   3/1/22  5,600      5,869
1 Alum Rock Union Elementary School District GO 5.000%   8/1/22    500        538
1 Alum Rock Union Elementary School District GO 5.000%   8/1/23    800        894
1 Alum Rock Union Elementary School District GO 5.000%   8/1/24  1,000      1,156
1 Alum Rock Union Elementary School District GO 5.000%   8/1/25  1,275      1,520
1 Alum Rock Union Elementary School District GO 5.000%   8/1/26  1,180      1,409
1 Alum Rock Union Elementary School District GO 5.000%   8/1/32  2,745      3,253
4 Alvord Unified School District GO 5.900%   2/1/21  2,230      2,250
2 Alvord Unified School District GO 5.000%   8/1/23    530        594
2,4 Alvord Unified School District GO 5.900%   2/1/24  3,865      4,327
2 Alvord Unified School District GO 5.000%   8/1/24    650        757
2 Alvord Unified School District GO 5.000%   8/1/27  1,300      1,667
2 Alvord Unified School District GO 5.000%   8/1/28  1,375      1,807
2 Alvord Unified School District GO 5.000%   8/1/29  1,525      1,990
2 Alvord Unified School District GO 5.000%   8/1/30  1,950      2,532
2 Alvord Unified School District GO 5.000%   8/1/31  1,750      2,255
2 Alvord Unified School District GO 5.000%   8/1/32  1,405      1,794
4 Anaheim CA City School District GO 0.000%   8/1/27 11,075     10,238
2,4 Anaheim CA City School District GO 0.000%   8/1/31  2,775      2,324
6,7 Anaheim CA Public Financing Authority TOB VRDO 0.170%  12/3/20  3,000      3,000
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/21  1,000      1,039
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/22  2,370      2,575
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/23  3,250      3,605
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/24  1,175      1,384
31
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/24  4,100      4,546
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/25  5,280      5,850
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/26  3,175      4,004
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/26  5,290      5,855
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/27  2,035      2,638
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/28  4,035      4,458
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/30    500        601
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/31 11,000     12,097
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/31    500        600
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/32  9,755     10,707
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/32  1,485      1,779
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/33  3,305      3,624
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/33    815        974
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/34  7,390      8,096
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/34    800        955
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/35  2,500      2,737
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/35  1,155      1,376
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/36  1,830      2,176
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/36  3,120      3,709
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/37  1,250      1,483
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/37  1,000      1,186
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/38  2,860      3,387
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/39  1,300      1,537
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/39    645        762
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/40  1,000      1,181
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/40  2,385      2,816
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/45  1,910      2,243
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/45  4,675      5,490
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue (Water System Project) 5.000%  10/1/45    175        207
32
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue (Water System Project), Prere. 5.000%  10/1/21    300        312
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue (Water System Project), Prere. 5.000%  10/1/21    300        312
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue (Water System Project), Prere. 5.000%  10/1/21    765        796
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue (Water System Project), Prere. 5.000%  10/1/21    505        525
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue (Water System Project), Prere. 5.000%  10/1/21    500        520
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue, Prere. 5.000%  10/1/21    830        863
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue, Prere. 5.000%  10/1/21  1,125      1,169
  Anaheim Public Financing Authority Electric Power & Light Revenue 4.000%  10/1/31 12,000     12,794
  Anaheim Public Financing Authority Electric Power & Light Revenue, Prere. 5.250%   4/1/21  5,585      5,680
  Anaheim Public Financing Authority Lease (Abatement) Revenue 5.000%   5/1/27  1,350      1,522
2 Anaheim Public Financing Authority Lease (Abatement) Revenue 0.000%   9/1/30  1,070        896
  Anaheim Public Financing Authority Lease (Abatement) Revenue 5.000%   5/1/32  1,845      2,066
  Anaheim Public Financing Authority Lease (Abatement) Revenue 5.000%   5/1/33  2,950      3,297
  Anaheim Public Financing Authority Lease (Abatement) Revenue 5.000%   5/1/39  4,870      5,404
  Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/22     75         80
  Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/23    655        726
  Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/24    375        428
1 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/30  3,000      3,821
1 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/31  2,265      2,871
1 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/32  2,070      2,608
1 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/34  2,000      2,409
1 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/35  6,500      7,810
1 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/36 15,500     18,574
  Anaheim Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   2/1/29  1,300      1,640
  Antelope Valley Community College District GO 4.000%   8/1/35    350        439
  Antelope Valley Community College District GO 4.000%   8/1/37    350        435
  Antelope Valley Community College District GO 4.000%   8/1/38  1,400      1,731
  Antelope Valley Community College District GO 4.000%   8/1/39  1,460      1,801
  Antelope Valley Community College District GO 4.000%   8/1/40  1,020      1,250
6,7 Antioch CA Unified School District TOB VRDO 0.210%  12/3/20 10,230     10,230
  Arcadia CA Unified School District GO 4.000%   8/1/28  2,125      2,540
  Arcadia CA Unified School District GO 4.000%   8/1/29  2,675      3,176
2 Azusa Unified School District GO 4.000%   8/1/31  4,045      4,782
  Azusa Unified School District GO, Prere. 5.000%   8/1/22    500        540
  Azusa Unified School District GO, Prere. 5.000%   8/1/22    500        540
  Azusa Unified School District GO, Prere. 5.000%   8/1/22    515        556
  Azusa Unified School District GO, Prere. 5.000%   8/1/22    600        648
  Azusa Unified School District GO, Prere. 5.000%   8/1/22    950      1,026
33
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Azusa Unified School District GO, Prere. 5.000%   8/1/22  1,055      1,140
  Azusa Unified School District GO, Prere. 5.000%   8/1/22  1,165      1,259
  Azusa Unified School District GO, Prere. 5.000%   8/1/22  1,000      1,080
  Azusa Unified School District GO, Prere. 5.000%   8/1/22    650        702
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/30 13,510     16,023
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/31  2,330      2,750
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/32    895      1,052
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/35 22,770     26,491
  Bay Area Toll Authority Highway Revenue 3.250%   4/1/36  2,000      2,183
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/37 33,830     39,157
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/38 11,690     13,503
  Bay Area Toll Authority Highway Revenue PUT 2.000%   4/1/21 30,755     30,859
  Bay Area Toll Authority Highway Revenue PUT 2.250%   4/1/22 10,250     10,422
  Bay Area Toll Authority Highway Revenue PUT 2.000%   4/1/24 33,140     34,459
  Bay Area Toll Authority Highway Revenue PUT 2.125%   4/1/25 50,185     53,119
  Bay Area Toll Authority Highway Revenue PUT 2.850%   4/1/25 19,350     21,074
  Bay Area Toll Authority Highway Revenue PUT 2.625%   4/1/26 20,250     22,325
  Bay Area Toll Authority Highway Revenue PUT 2.950%   4/1/26  2,325      2,595
8 Bay Area Toll Authority Highway Revenue PUT, 70% of 3M USD LIBOR + 0.550% 0.708%   4/1/21 25,000     25,001
8 Bay Area Toll Authority Highway Revenue PUT, SIFMA Municipal Swap Index Yield + 0.700% 0.810%   4/1/21 20,500     20,507
8 Bay Area Toll Authority Highway Revenue PUT, SIFMA Municipal Swap Index Yield + 0.900% 1.010%   5/1/23 19,000     19,160
8 Bay Area Toll Authority Highway Revenue PUT, SIFMA Municipal Swap Index Yield + 0.900% 1.010%   5/1/23  4,350      4,387
8 Bay Area Toll Authority Highway Revenue PUT, SIFMA Municipal Swap Index Yield + 1.100% 1.210%   4/1/24  6,100      6,190
  Bay Area Toll Authority Highway Revenue, Prere. 4.000%   4/1/22  4,000      4,204
  Bay Area Toll Authority Highway Revenue, Prere. 5.000%   4/1/22  6,300      6,705
  Bay Area Toll Authority Highway Revenue, Prere. 5.000%   4/1/22  5,030      5,353
  Bay Area Toll Authority Highway Revenue, Prere. 5.000%   4/1/22  7,100      7,557
  Bay Area Toll Authority Highway Revenue, Prere. 5.000%   4/1/23  5,000      5,559
  Bay Area Toll Authority Highway Revenue, Prere. 5.000%   4/1/23  7,850      8,728
  Bay Area Toll Authority Highway Revenue, Prere. 5.000%   4/1/23  7,645      8,500
2 Beaumont Public Improvement Authority Lease Revenue 5.000%   9/1/26    685        854
2 Beaumont Public Improvement Authority Lease Revenue 5.000%   9/1/28  1,000      1,243
2 Beaumont Public Improvement Authority Lease Revenue 5.000%   9/1/29    800        992
2 Beaumont Public Improvement Authority Lease Revenue 3.000%   9/1/31  1,100      1,227
2 Beaumont Public Improvement Authority Lease Revenue 5.000%   9/1/32  1,460      1,792
2 Beaumont Public Improvement Authority Lease Revenue 3.250%   9/1/34  1,000      1,108
2 Beaumont Public Improvement Authority Lease Revenue 5.000%   9/1/35    835      1,018
2 Beaumont Public Improvement Authority Lease Revenue 3.375%   9/1/36  1,600      1,767
2 Beaumont Public Improvement Authority Lease Revenue 5.000%   9/1/37  1,350      1,638
2 Beaumont Public Improvement Authority Lease Revenue 5.000%   9/1/38  1,350      1,635
  Berkeley CA GO 3.000%   9/1/34    415        466
  Berkeley CA GO 3.000%   9/1/36    610        680
  Beverly Hills Unified School District CA GO 0.000%   8/1/30    500        444
  Beverly Hills Unified School District CA GO 0.000%   8/1/32  5,000      4,233
  Beverly Hills Unified School District CA GO 3.000%   8/1/38  2,500      2,734
  Beverly Hills Unified School District CA GO 3.000%   8/1/40  2,500      2,723
3 Brea Redevelopment Agency Tax Allocation Revenue 0.000%   8/1/29  3,065      2,712
  Brea Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%   8/1/21  5,500      5,662
  Brea Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%   8/1/24  5,110      5,727
34
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Brentwood Infrastructure Financing Authority 5.000%   9/2/24  1,000      1,181
2 Brentwood Infrastructure Financing Authority 5.000%   9/2/25  1,445      1,662
2 Brentwood Infrastructure Financing Authority 5.000%   9/2/26  2,000      2,300
2 Brentwood Infrastructure Financing Authority 5.000%   9/2/27  2,375      2,730
2 Brentwood Infrastructure Financing Authority 5.000%   9/2/29  1,240      1,422
2 Brentwood Infrastructure Financing Authority 5.000%   9/2/30    750        859
  Brentwood Infrastructure Financing Authority Water Revenue 5.000%   7/1/25    510        588
  Brentwood Infrastructure Financing Authority Water Revenue 4.000%   7/1/30  1,700      1,897
  Brentwood Infrastructure Financing Authority Water Revenue 4.000%   7/1/31  1,980      2,203
  Brentwood Infrastructure Financing Authority Water Revenue 4.000%   7/1/32  2,085      2,310
  Brentwood Infrastructure Financing Authority Water Revenue 4.000%   7/1/33  2,165      2,387
  Brentwood Infrastructure Financing Authority Water Revenue 4.000%   7/1/34  2,210      2,428
1 Burbank Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  12/1/21  1,350      1,408
9 Burbank Unified School District GO, 4.500% coupon rate effective 8/1/23 0.000%   8/1/32  3,680      3,899
  Burlingame Financing Authority Lease (Abatement) Revenue (Community Center Project) 5.000%   7/1/41  1,290      1,633
  Burlingame School District GO 3.000%   8/1/36    175        197
  Burlingame School District GO 3.000%   8/1/37    155        174
  Burlingame School District GO 3.000%   8/1/38    175        196
  Burlingame School District GO 3.000%   8/1/39    175        196
  Burlingame School District GO 3.000%   8/1/40    235        261
  Burlingame School District GO 3.000%   8/1/41    350        388
6,7 CA Statewide Communities Development Authority (John Muir Health) TOB VRDO 0.260%  12/3/20  4,875      4,875
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/21    515        518
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/22  1,455      1,481
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/23    525        541
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/24    535        556
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/25    690        722
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/28  1,635      1,718
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/30    940        975
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/32    875        900
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/33    960        982
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/34    800        816
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/36  1,600      1,623
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/38  1,500      1,514
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 3.000%   6/1/21    500        507
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 3.000%   6/1/21    130        132
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/21  1,300      1,320
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/22    450        476
35
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%   6/1/22    340        360
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/22    400        423
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/22  1,210      1,263
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/23    500        548
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/23  2,400      2,568
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/24  3,840      4,197
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/24    600        699
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/24    480        559
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/24    450        524
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/25    500        604
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/25    350        423
10 California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/25  1,000      1,200
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/26    700        870
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/26    505        627
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/26    225        280
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/27    600        764
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/27    445        566
10 California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/27  1,080      1,366
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/28    480        623
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/28    435        565
10 California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/28    200        259
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/29    700        930
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/29    600        792
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 1.375%   6/1/30    850        871
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 1.750%   6/1/30  1,350      1,394
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/30    655        878
10 California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/30    560        752
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/31    500        668
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/32    500        662
36
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/32    300        398
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/32    450        598
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/33    245        322
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/34    715        866
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/34    825        991
10 California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/34    910      1,101
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/35    560        667
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/35    500        596
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/37  1,300      1,545
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/37    640        754
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/37  1,000      1,177
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/39  1,150      1,358
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/39    800        936
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/39  1,000      1,170
10 California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/39  1,110      1,310
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/40    600        706
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/40    500        583
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/41    485        557
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/42    285        326
10 California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/49    325        353
  California Department of Water Resources Water Revenue 5.000%  12/1/20  1,220      1,220
  California Department of Water Resources Water Revenue 5.000%  12/1/21  4,600      4,822
  California Department of Water Resources Water Revenue 5.000%  12/1/21  2,475      2,594
  California Department of Water Resources Water Revenue 5.000%  12/1/21  3,665      3,842
  California Department of Water Resources Water Revenue 5.000%  12/1/22  4,895      5,360
  California Department of Water Resources Water Revenue 5.000%  12/1/22  3,250      3,559
  California Department of Water Resources Water Revenue 5.000%  12/1/23  1,450      1,656
  California Department of Water Resources Water Revenue 5.000%  12/1/25  3,060      3,780
  California Department of Water Resources Water Revenue 5.000%  12/1/26  2,045      2,425
  California Department of Water Resources Water Revenue 5.000%  12/1/26  3,010      3,837
  California Department of Water Resources Water Revenue 5.000%  12/1/27  2,985      3,912
  California Department of Water Resources Water Revenue 5.000%  12/1/34    570        730
  California Department of Water Resources Water Revenue 5.000%  12/1/34  5,000      6,952
  California Department of Water Resources Water Revenue 5.000%  12/1/35  1,130      1,443
  California Department of Water Resources Water Revenue 5.000%  12/1/35  3,100      4,297
  California Department of Water Resources Water Revenue, ETM 5.000%  12/1/20     30         30
  California Department of Water Resources Water Revenue, ETM 5.000%  12/1/21  1,045      1,095
  California Department of Water Resources Water Revenue, ETM 5.000%  12/1/22  1,105      1,209
37
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Department of Water Resources Water Revenue, ETM 5.000%  12/1/23     55         63
  California Department of Water Resources Water Revenue, ETM 5.000%  12/1/24     30         36
  California Department of Water Resources Water Revenue, Prere. 5.250%  12/1/20  1,850      1,850
  California Department of Water Resources Water Revenue, Prere. 5.250%  12/1/20  2,905      2,905
  California Department of Water Resources Water Revenue, Prere. 5.250%  12/1/20  3,355      3,355
  California Department of Water Resources Water Revenue, Prere. 5.250%  12/1/20  3,455      3,455
  California Department of Water Resources Water Revenue, Prere. 5.250%  12/1/20     25         25
  California Department of Water Resources Water Revenue, Prere. 5.250%  12/1/20     30         30
  California Department of Water Resources Water Revenue, Prere. 5.250%  12/1/20     30         30
  California Department of Water Resources Water Revenue, Prere. 5.250%  12/1/20    970        970
  California Department of Water Resources Water Revenue, Prere. 5.250%  12/1/20  1,120      1,120
  California Department of Water Resources Water Revenue, Prere. 5.250%  12/1/20  1,155      1,155
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/21  2,720      2,851
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/21  3,410      3,574
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/21  3,320      3,475
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/21  3,500      3,663
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/21     30         31
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/21     30         31
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/22    505        552
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/22  7,750      8,494
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/24      5          6
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/24     10         12
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/24  4,075      4,846
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/20    225        225
  California Educational Facilities Authority College & University Revenue 4.000%   1/1/21    800        802
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/21    145        151
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/21  2,100      2,188
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/21    195        202
  California Educational Facilities Authority College & University Revenue 4.000%   1/1/22  1,215      1,265
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/22    125        136
38
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/22  2,130      2,314
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/22    935      1,004
  California Educational Facilities Authority College & University Revenue 4.000%   1/1/23  1,800      1,943
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/23    130        148
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/23  1,870      2,113
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/23    200        222
  California Educational Facilities Authority College & University Revenue 4.000%   1/1/24  1,900      2,124
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/24    180        211
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/24  2,500      2,933
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/24    875        998
  California Educational Facilities Authority College & University Revenue 4.000%   1/1/25  1,035      1,197
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/25    110        133
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/25  2,365      2,872
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/25    695        814
  California Educational Facilities Authority College & University Revenue 5.000%   1/1/26  1,020      1,251
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/26    260        319
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/26    110        137
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/26    720        871
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/26  1,960      2,346
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/27    250        306
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/27    710        856
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/27  1,310      1,598
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/28    300        391
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/28  1,240      1,538
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/29    690        850
  California Educational Facilities Authority College & University Revenue 5.000%   1/1/30  1,765      2,146
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/30    485        607
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/30    930      1,139
  California Educational Facilities Authority College & University Revenue 5.000%   1/1/31  1,925      2,333
39
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/31  1,030      1,225
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/31    555        692
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/31    850      1,088
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/31  1,780      2,166
  California Educational Facilities Authority College & University Revenue 5.000%   1/1/32  2,000      2,416
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/32  1,000      1,185
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/32    445        566
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/32  2,620      3,170
  California Educational Facilities Authority College & University Revenue 4.000%   1/1/33  3,590      4,089
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/33  1,545      1,825
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/33    575        670
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/33    775        958
  California Educational Facilities Authority College & University Revenue 4.000%   1/1/34  3,350      3,796
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/34  2,625      3,096
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/34    625        727
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/34    905      1,116
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/34  1,210      1,454
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/35  3,180      3,746
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/35    430        530
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/35  1,335      1,599
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/36  1,120      1,376
4 California Educational Facilities Authority College & University Revenue 0.000%  10/1/36  4,585      3,288
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/37    530        649
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/37    885      1,107
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/37  1,765      2,102
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/38    620        773
  California Educational Facilities Authority College & University Revenue 5.000%   9/1/40  1,600      1,900
  California Educational Facilities Authority College & University Revenue, ETM 5.000%  10/1/25  5,125      6,288
  California Educational Facilities Authority College & University Revenue, Prere. 5.000%   6/1/22  1,195      1,278
40
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Educational Facilities Authority College & University Revenue, Prere. 5.000%   6/1/22    380        406
  California Educational Facilities Authority College & University Revenue, Prere. 5.250%   6/1/22  1,150      1,234
  California GO 5.000%   2/1/21  2,010      2,026
  California GO 5.000%   9/1/21  1,310      1,357
  California GO 5.000%   9/1/21  4,300      4,454
  California GO 5.000%  10/1/21  2,575      2,678
  California GO 5.000%  11/1/21  2,930      3,058
  California GO 5.000%   2/1/22  1,220      1,288
  California GO 5.000%   2/1/22  8,320      8,784
  California GO 5.000%   4/1/22 28,925     30,769
  California GO 5.000%   9/1/22 12,920     13,999
  California GO 5.250%   9/1/22  6,005      6,533
  California GO 5.000%  11/1/22 31,890     34,806
  California GO 5.000%   2/1/23 15,925     16,809
  California GO 5.000%   2/1/23  5,240      5,779
  California GO 5.000%   8/1/23 11,160     12,568
  California GO 5.000%   8/1/23  3,350      3,773
  California GO 5.000%   9/1/23  7,110      7,700
  California GO 5.000%   9/1/23 10,175     11,498
  California GO 5.250%   9/1/23  2,550      2,647
  California GO 5.000%  10/1/23  3,325      3,770
  California GO 5.000%  10/1/23 12,595     14,281
  California GO 5.000%  10/1/23  1,305      1,480
  California GO 5.000%  10/1/23 16,135     18,295
  California GO 5.000%  10/1/23  6,770      7,676
  California GO 5.000%  11/1/23 20,000     22,755
  California GO 5.000%  11/1/23  2,280      2,594
  California GO 5.000%  12/1/23  2,550      2,911
  California GO 5.000%   2/1/24 11,215     12,365
  California GO 5.000%   4/1/24  2,500      2,892
  California GO 5.000%   8/1/24  1,510      1,770
  California GO 5.000%   8/1/24  1,025      1,202
  California GO 5.000%   9/1/24 10,000     10,828
  California GO 5.000%   9/1/24  1,150      1,353
  California GO 5.000%   9/1/24  5,000      5,881
  California GO 4.000%  10/1/24  8,000      9,137
  California GO 5.000%  10/1/24  8,725     10,297
  California GO 5.000%  10/1/24 10,000     11,802
  California GO 5.000%  11/1/24  2,255      2,670
  California GO 5.000%  12/1/24 30,875     35,247
  California GO 5.000%  12/1/24  5,000      5,708
  California GO 5.000%   2/1/25 12,900     13,611
  California GO 5.500%   2/1/25  8,575     10,425
  California GO 4.000%   3/1/25  1,485      1,718
  California GO 5.000%   3/1/25  1,735      2,080
  California GO 5.000%   4/1/25 38,625     46,454
  California GO 5.000%   8/1/25    150        183
  California GO 5.000%   8/1/25  1,665      2,028
  California GO 5.000%   8/1/25 10,185     12,404
  California GO 5.000%   8/1/25 12,430     15,138
  California GO 5.000%   9/1/25  2,185      2,365
  California GO 5.000%   9/1/25  4,895      5,980
  California GO 5.000%   9/1/25  2,190      2,474
  California GO 4.000%  10/1/25    100        118
41
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO 5.000%  10/1/25 13,865     15,392
  California GO 5.000%  10/1/25    345        407
  California GO 5.000%  10/1/25  7,000      8,578
  California GO 5.000%  10/1/25  2,045      2,506
  California GO 5.000%  11/1/25 14,205     16,807
  California GO 5.000%  11/1/25 12,345     15,174
  California GO 5.000%  11/1/25    875        875
  California GO 5.000%   3/1/26  9,230     11,053
  California GO 5.000%   4/1/26  5,000      6,230
  California GO 5.000%   4/1/26  2,120      2,642
  California GO 5.000%   8/1/26 15,300     19,260
  California GO 5.000%   8/1/26 20,695     26,052
  California GO 5.000%   8/1/26 21,110     26,574
  California GO 5.000%   8/1/26 20,000     25,177
  California GO 5.000%   9/1/26    720        909
  California GO 5.000%   9/1/26  5,540      6,991
  California GO 5.000%   9/1/26    100        126
  California GO 5.000%  10/1/26 16,445     20,805
  California GO 5.000%  10/1/26 10,085     12,506
  California GO 5.000%  10/1/26  1,270      1,607
  California GO 4.000%  11/1/26  2,540      3,073
  California GO 5.000%  11/1/26  4,705      5,967
  California GO 5.000%  11/1/26  9,160     11,617
  California GO 3.500%   8/1/27 26,345     31,533
  California GO 5.000%   8/1/27 20,515     25,655
  California GO 5.000%   8/1/27  3,160      3,830
  California GO 5.000%   8/1/27    225        291
  California GO 5.000%  10/1/27 13,915     15,420
  California GO 5.000%  10/1/27 13,845     18,011
  California GO 5.000%  10/1/27  8,280     10,224
  California GO 5.250%  10/1/27  5,000      5,206
  California GO 5.000%  11/1/27    100        130
  California GO 5.000%  11/1/27  5,175      6,747
  California GO 5.000%  11/1/27 25,000     32,594
  California GO 5.000%   8/1/28  1,905      2,369
  California GO 5.000%   8/1/28  6,510      7,878
  California GO 5.000%   8/1/28 20,355     26,211
  California GO 4.000%   9/1/28  7,000      8,360
  California GO 5.000%   9/1/28 17,715     22,093
  California GO 5.250%   9/1/28  6,000      6,222
  California GO 5.000%  10/1/28  1,975      2,634
  California GO 5.000%  11/1/28 12,375     16,040
  California GO 5.000%  11/1/28  4,200      5,612
  California GO 5.250%   2/1/29  2,790      2,950
  California GO 4.000%   3/1/29  4,185      5,296
  California GO 5.000%   5/1/29 17,945     20,756
  California GO 5.000%   8/1/29  7,195      8,925
  California GO 5.000%   8/1/29 44,340     55,002
  California GO 5.000%   9/1/29  1,395      1,734
  California GO 5.000%   9/1/29  9,425     11,718
  California GO 5.000%   9/1/29  6,000      6,210
  California GO 5.000%  10/1/29 19,290     21,342
  California GO 5.000%  10/1/29 18,695     22,907
  California GO 5.000%  10/1/29  7,855     10,400
  California GO 5.000%  11/1/29  5,000      5,662
42
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO 5.000%  11/1/29  5,000      6,827
  California GO 5.000%   3/1/30    250        297
  California GO 5.000%   5/1/30 13,870     16,012
  California GO 5.000%   8/1/30 19,935     24,653
  California GO 5.000%   8/1/30  6,555      8,107
  California GO 5.000%   9/1/30  9,180     11,104
  California GO 5.000%   9/1/30  1,000      1,035
  California GO 5.250%   9/1/30  5,000      5,655
  California GO 5.000%  10/1/30  5,800      6,799
  California GO 5.000%  10/1/30  1,935      2,618
  California GO 4.000%  11/1/30 14,470     17,502
  California GO 5.000%  11/1/30  9,070     11,669
  California GO 5.000%  11/1/30 15,000     20,887
  California GO 5.000%  12/1/30  3,760      4,267
  California GO 5.000%   4/1/31 16,445     23,064
  California GO 5.000%   5/1/31 13,010     14,986
  California GO 5.000%   8/1/31 10,015     11,841
  California GO 5.000%   8/1/31 22,300     27,495
  California GO 5.250%   8/1/31  5,755      6,995
  California GO 5.000%   9/1/31  5,655      6,988
  California GO 5.000%  10/1/31  5,500      6,431
  California GO 5.000%  10/1/31  1,100      1,481
  California GO 4.000%  11/1/31 15,000     18,067
  California GO 5.000%  11/1/31  1,705      2,185
  California GO 5.000%  11/1/31  5,000      6,924
  California GO 5.000%  11/1/31  4,000      5,539
  California GO 5.000%  12/1/31  6,000      6,798
  California GO 5.000%   2/1/32  2,540      2,676
  California GO 5.000%   3/1/32  1,000      1,357
  California GO 5.000%   4/1/32 15,025     21,245
  California GO 4.000%   8/1/32    545        641
  California GO 5.000%   8/1/32  5,000      6,004
2 California GO 5.250%   8/1/32 33,405     47,864
  California GO 5.250%   8/1/32  2,025      2,455
  California GO 4.000%   9/1/32    590        695
  California GO 5.000%   9/1/32 15,110     18,604
  California GO 5.000%  10/1/32 23,535     27,432
  California GO 4.000%  11/1/32 12,175     14,587
  California GO 5.000%   2/1/33  1,760      1,930
  California GO 5.000%   2/1/33  1,750      1,843
  California GO 5.000%   3/1/33  4,395      5,196
  California GO 5.000%   3/1/33  2,500      3,372
  California GO 5.000%   4/1/33    180        237
  California GO 5.000%   4/1/33 13,000     14,866
  California GO 4.000%   8/1/33 15,090     17,688
  California GO 5.000%   8/1/33  1,270      1,556
  California GO 5.000%   8/1/33  1,500      1,735
  California GO 5.000%   9/1/33  3,830      4,295
  California GO 5.000%   9/1/33 25,075     30,810
  California GO 3.000%  10/1/33  2,150      2,455
  California GO 5.000%  10/1/33  7,000      7,998
  California GO 3.000%  11/1/33  5,000      5,788
  California GO 4.000%  11/1/33 12,500     14,924
  California GO 5.000%   3/1/34  4,000      5,376
  California GO 4.000%   8/1/34 18,035     21,083
43
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO 5.000%   8/1/34  1,575      1,886
  California GO 5.000%   8/1/34  5,160      6,499
  California GO 4.000%   9/1/34  2,870      3,362
  California GO 4.000%   9/1/34  4,725      5,534
  California GO 4.000%   9/1/34 26,130     30,606
  California GO 5.000%   9/1/34 21,075     25,856
  California GO 3.000%  10/1/34  1,150      1,310
  California GO 5.000%  10/1/34  9,200     10,697
  California GO 3.000%  11/1/34  1,800      2,079
  California GO 4.000%  11/1/34 10,895     12,981
  California GO 5.000%  11/1/34  4,000      5,464
  California GO 5.000%   4/1/35 40,260     45,925
  California GO 5.000%   8/1/35  9,015     11,009
  California GO 5.000%   8/1/35 10,000     11,953
  California GO 4.000%   9/1/35  3,390      3,962
  California GO 5.000%   9/1/35  9,885     12,096
  California GO 3.000%  10/1/35  9,185     10,397
  California GO 5.000%  10/1/35 17,500     21,126
  California GO 3.000%  11/1/35  1,280      1,468
  California GO 4.000%  11/1/35  2,610      3,275
  California GO 5.000%  11/1/35  1,000      1,265
  California GO 5.000%  11/1/35  3,810      4,820
  California GO 5.000%  11/1/35  4,000      5,444
  California GO 4.000%   3/1/36 18,355     22,669
  California GO 5.000%   4/1/36    140        182
  California GO 5.000%   4/1/36 16,375     18,668
  California GO 5.000%   9/1/36 10,705     13,066
  California GO 3.000%  10/1/36  9,000     10,103
  California GO 4.000%  11/1/36  1,900      2,246
  California GO 4.000%  11/1/36  5,000      6,238
  California GO 5.000%  11/1/36  4,180      5,273
  California GO 5.000%  11/1/36  4,000      5,414
  California GO 4.000%   3/1/37 25,500     31,382
  California GO 5.000%   4/1/37 21,895     24,922
  California GO 4.000%   9/1/37    350        372
  California GO 3.000%  10/1/37  8,250      9,140
  California GO 4.000%  10/1/37 11,565     14,150
  California GO 4.000%  11/1/37  5,000      6,218
  California GO 5.000%  11/1/37  7,000      9,055
  California GO 5.000%  11/1/37 10,050     12,650
  California GO 4.000%   3/1/38 17,500     21,475
  California GO 5.000%   4/1/38 10,115     11,506
  California GO 4.000%  11/1/38  9,000     11,159
  California GO 4.000%  10/1/39 18,785     22,874
  California GO 4.000%  11/1/39  5,000      6,186
  California GO 5.000%  11/1/39  6,250      8,051
  California GO 4.000%   3/1/40  5,000      6,116
  California GO 3.000%  11/1/40  2,350      2,587
  California GO 4.000%  11/1/40  2,740      3,386
  California GO 4.000%  11/1/41  3,250      3,705
  California GO PUT 4.000%  12/1/21 19,405     19,774
6,7 California GO TOB VRDO 0.260%  12/3/20 13,990     13,990
7 California GO VRDO 0.060%  12/1/20 24,845     24,845
7 California GO VRDO 0.060%  12/1/20  1,650      1,650
7 California GO VRDO 0.070%  12/1/20  4,200      4,200
44
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
7 California GO VRDO 0.080%  12/1/20 10,070     10,070
7 California GO VRDO 0.080%  12/1/20  5,255      5,255
7 California GO VRDO 0.080%  12/1/20  6,500      6,500
7 California GO VRDO 0.080%  12/1/20  7,980      7,980
7 California GO VRDO 0.100%  12/1/20 23,300     23,300
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/21  3,830      3,875
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.250%   3/1/21  8,135      8,236
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.250%   3/1/21  1,605      1,625
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/21    450        460
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/21    465        478
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/21    505        521
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/21  2,015      2,081
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/21  1,320      1,365
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/21  1,285      1,328
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/21    950        980
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.250%  8/15/21  5,705      5,908
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/21  1,095      1,128
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/21  1,055      1,096
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/21  3,930      4,106
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/21  1,455      1,516
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/22  1,090      1,138
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/22    875        935
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/22    260        278
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/22    175        187
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/22    365        392
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/22    560        602
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/22  2,250      2,399
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/22  2,450      2,657
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/22  2,075      2,255
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/22  3,500      3,776
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/23  1,705      1,839
45
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%   6/1/23    760        813
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/23    305        340
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   8/1/23    340        357
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/23    340        380
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/23  1,855      2,003
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/23  2,500      2,831
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/23  1,520      1,639
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/23  1,520      1,650
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/24  3,025      3,361
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/24    320        370
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/24    370        430
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/24  5,000      5,414
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/24    850      1,002
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/24  1,075      1,264
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/24  2,655      3,121
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/24  7,410      7,989
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/24  1,700      1,842
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/25  3,355      3,832
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/25  5,175      5,700
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/25    310        332
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/25    445        533
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/25    500        603
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/25  2,610      3,065
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/25  5,000      5,411
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/25    425        501
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/25    135        166
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/25    750        913
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/25  3,555      4,327
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/25  3,025      3,284
46
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/25    760        794
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/26  2,280      2,674
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/26  1,865      2,052
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/26    805        861
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/26    470        579
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/26    750        904
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   8/1/26    450        488
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.500%  8/15/26  6,150      6,375
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/26  2,700      3,156
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/26    775        911
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/26  1,000      1,084
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/26  6,980      8,549
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/26  1,085      1,358
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/26  2,750      3,442
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/27  1,250      1,562
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/27  5,080      5,862
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/27    370        465
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/27    150        192
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/27  4,005      4,298
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/27  1,000      1,282
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/27    500        582
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/27  2,000      2,163
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/27    860        899
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/28  3,000      3,494
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/28  1,300      1,490
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/28  4,660      4,966
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/28    515        660
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28    880      1,056
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28    100        111
47
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%  10/1/28  1,840      2,133
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/28    700        915
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/28  1,250      1,559
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/28    820      1,050
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/28    575        666
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/28  1,175      1,228
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/29  1,000      1,160
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/29    540        703
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29    855      1,024
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29  4,995      5,542
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   8/1/29    500        548
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/29  1,550      1,773
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/29  1,000      1,252
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29    165        211
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29  7,250      8,762
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29    875      1,091
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29  1,750      2,020
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29  8,790      9,396
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/30  1,500      1,833
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/30  2,205      2,550
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/30  1,900      2,517
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   8/1/30    210        230
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/30  1,730      2,090
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/30  2,015      2,481
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/30  4,000      4,632
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/30  1,085      1,439
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/30  1,200      1,446
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/30  1,180      1,470
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/30  1,500      1,730
48
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%   2/1/31  5,930      6,827
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/31  2,085      2,356
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/31  4,000      5,251
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31    870      1,038
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/31  1,300      1,566
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/31  2,865      2,950
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/31  2,200      2,700
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/31  5,000      5,788
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/31  1,000      1,319
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/31  2,000      2,077
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/31  1,760      2,116
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/31  1,275      1,579
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/31  1,400      1,783
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/31    890      1,026
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.750%   2/1/32  1,205      1,360
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/32  2,610      2,997
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/32  2,195      2,471
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/32  2,940      3,832
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/32  8,360     10,900
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/32  1,780      2,135
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/32    370        443
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/32    235        299
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/32  1,425      1,762
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/32  3,020      3,839
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/32 12,500     13,442
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/32  1,000      1,045
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/33  3,105      3,740
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/33  3,295      3,772
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/33  5,055      5,670
49
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/33 24,085     25,562
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/33  2,500      3,239
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/33  1,365      1,766
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/33  6,690      7,411
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/33  1,630      1,949
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/33    620        740
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/33    110        134
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/33  5,045      5,831
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/33  1,310      1,710
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/33    145        184
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/33  3,580      4,419
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/34  2,510      3,016
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/34  3,310      3,782
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/34  2,730      3,055
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/34    775      1,001
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/34  1,435      1,851
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/34    820        917
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/34  1,520      1,663
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/34  1,275      1,553
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/34  2,250      2,590
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/34  5,650      6,526
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/34  1,210      1,577
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/34    285        361
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/34  4,065      5,011
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/34    400        492
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/34    700        804
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/35  3,500      4,199
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/35  4,020      4,571
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/35  2,910      3,253
50
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%   4/1/35  3,500      4,174
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/35 19,100     21,994
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/35  3,650      4,336
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/35  8,010      9,198
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/35    240        288
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/35  3,200      3,927
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/35  5,015      6,320
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/35    550        675
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/35  7,190      9,061
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/35    800        918
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/35  4,020      4,324
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/36  3,000      3,590
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/36  2,400      2,852
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/36  1,580      2,026
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/36 12,500     14,344
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/36  4,100      4,858
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/36  3,425      3,923
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/36    150        179
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/36  3,100      3,787
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/36  5,190      6,506
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/36  1,050      1,284
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/36  6,745      8,456
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/36  1,255      1,437
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/37  6,000      7,094
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/37  1,335      1,578
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/37    270        320
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/37 28,310     35,326
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/37  5,110      6,376
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/37    800        915
51
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%   4/1/38  4,600      5,414
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/38  1,725      2,018
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/38 25,310     29,057
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/38    365        429
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/38  8,005      9,943
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/38  1,835      2,096
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/39    175        194
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/39    530        621
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/39  1,795      2,095
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/39  1,440      1,643
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/40  5,750      6,703
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/40    700        857
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/43  1,080      1,138
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/22 40,000     43,569
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/22  5,000      5,446
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 3.000%   3/1/24 13,535     14,320
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 4.000%  10/1/24    500        568
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 2.000%  10/1/25 16,000     17,187
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/25 59,550     72,494
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/27 26,735     34,222
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, ETM 5.000% 11/15/21    500        523
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, ETM 5.000% 11/15/22    200        219
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, ETM 5.000% 11/15/23    500        570
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, ETM 5.000% 11/15/24    420        498
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, ETM 5.000% 11/15/25    485        596
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.250%   3/1/21  7,500      7,593
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 3.250% 11/15/25     60         69
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/25    400        492
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/25  1,025      1,261
52
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/25    540        664
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/25    170        209
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/25  1,005      1,236
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/25     20         25
6,7 California Health Facilities Financing Authority Revenue (Kaiser Permanente) TOB VRDO 0.210%  12/3/20  7,435      7,435
6,7 California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children's Hospitalat Stanford) TOB VRDO 0.140%  12/3/20     23         23
6,7 California Health Facilities Financing Authority Revenue (Stanford Health Care Obligated Group) TOB VRDO 0.260%  12/3/20 15,500     15,500
  California Housing Finance Local or Guaranteed Housing Revenue 4.000%  3/20/33 44,377     49,466
  California Housing Finance Local or Guaranteed Housing Revenue 4.250%  1/15/35  6,208      7,113
  California Housing Finance Local or Guaranteed Housing Revenue 2.500%   2/1/38  5,199      5,638
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/26    560        667
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/27    555        671
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/28    500        611
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/29    600        741
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/30    500        625
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/31    795      1,061
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/32    750        994
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/33    525        692
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/35  1,570      2,063
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/36    850      1,017
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/38  1,785      2,119
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/40  1,935      2,279
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/37  2,500      3,146
  California Infrastructure & Economic Development Bank Electric Power & Light Revenue 5.000%   2/1/27  1,505      1,650
  California Infrastructure & Economic Development Bank Electric Power & Light Revenue 5.000%   2/1/34 18,770     20,357
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 5.000%  5/15/28  1,105      1,375
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 5.000%  5/15/29    740        918
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 5.000%  5/15/30  1,095      1,352
53
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 5.000%  5/15/31  1,225      1,508
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 5.000%  5/15/32  1,140      1,396
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 5.000%  5/15/33  1,110      1,356
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 5.000%  5/15/34  2,850      3,473
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 4.000%   8/1/24    525        592
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 4.000%   8/1/25    570        662
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/26    510        634
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/27    600        765
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/28    580        756
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/29  1,710      2,272
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/31  1,550      2,029
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/32  1,800      2,342
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/34    660        853
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/35  1,000      1,288
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/36  2,500      3,210
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/37  1,360      1,741
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/38  1,260      1,608
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/39  2,460      3,132
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   7/1/21    600        615
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   7/1/22    455        485
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 4.000%  10/1/22  1,000      1,070
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%  10/1/22  1,785      1,943
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   7/1/23  2,315      2,505
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   7/1/23    250        279
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   7/1/24    610        708
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%  10/1/24  1,300      1,537
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%  10/1/25  1,525      1,875
54
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   7/1/26    800        994
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   9/1/26    860      1,052
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%  10/1/26  1,510      1,919
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   7/1/27  1,775      2,194
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   9/1/27    840      1,013
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   9/1/28    595        716
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 4.000%   7/1/29    985      1,150
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   9/1/29  1,000      1,200
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 4.000%   9/1/31  1,760      1,988
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   9/1/32  2,515      2,983
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%  10/1/32    125        141
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 4.000%   9/1/34    715        796
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 4.000%   9/1/35    750        834
  California Infrastructure & Economic Development Bank Private Schools Revenue PUT 1.750%   8/1/26  8,060      8,217
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/21  1,000      1,016
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/21    810        846
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/22  1,500      1,581
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/23  1,150      1,256
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/24  1,300      1,466
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   1/1/25 12,455     13,989
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/25  1,365      1,589
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/26  1,430      1,709
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/26  1,245      1,488
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   7/1/26  4,150      4,805
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/26  1,075      1,212
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/27  1,500      1,815
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   1/1/28  7,655      8,960
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/29  1,500      1,680
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/29 12,000     15,749
55
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/30  4,000      5,381
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/34  1,335      1,485
8 California Infrastructure & Economic Development Bank Recreational Revenue PUT, 70% of 1M USD LIBOR + 0.380% 0.485%   8/1/21  8,160      8,159
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/23  4,000      4,540
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/25  5,000      6,146
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/21  1,300      1,318
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/21    365        373
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/21    375        386
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/21    195        201
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/22  1,000      1,053
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/22    350        372
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/22    270        287
10 California Municipal Finance Authority College & University Revenue 5.000%  11/1/22  1,545      1,624
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/23  1,285      1,402
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/23    625        694
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/23    375        412
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/23    340        376
10 California Municipal Finance Authority College & University Revenue 5.000%  11/1/23  1,620      1,768
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/24  1,325      1,494
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/24    410        473
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/24    375        422
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/24    275        313
10 California Municipal Finance Authority College & University Revenue 5.000%  11/1/24    550        622
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/25    650        751
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/25  1,180      1,369
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/25  1,000      1,194
  California Municipal Finance Authority College & University Revenue 4.000%  10/1/25    100        107
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/25    305        353
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/25    550        644
56
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
10 California Municipal Finance Authority College & University Revenue 5.000%  11/1/25    605        708
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/26  1,975      2,348
  California Municipal Finance Authority College & University Revenue 4.000%  10/1/26    375        399
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/26    300        359
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/26    715        843
10 California Municipal Finance Authority College & University Revenue 5.000%  11/1/26    635        764
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/27  1,170      1,424
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/27  2,565      3,240
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/27    900      1,100
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/27    500        606
10 California Municipal Finance Authority College & University Revenue 5.000%  11/1/27    680        835
  California Municipal Finance Authority College & University Revenue 4.000%   1/1/28  1,400      1,736
  California Municipal Finance Authority College & University Revenue 4.000%   1/1/28  1,835      2,275
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/28    755        926
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/28  1,185      1,552
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/28    510        668
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/28  1,020      1,269
10 California Municipal Finance Authority College & University Revenue 5.000%  11/1/28    700        876
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/28    550        719
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/29    500        608
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/29    660        719
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/29    810        955
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/29    450        556
10 California Municipal Finance Authority College & University Revenue 5.000%  11/1/29    500        638
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/29    300        399
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/30    600        723
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/30    500        544
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/30    585        687
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/30    225        276
57
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
10 California Municipal Finance Authority College & University Revenue 5.000%  11/1/30    525        680
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/30    300        406
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/31  1,020      1,222
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/31  2,140      2,506
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/31    225        275
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/31    650        870
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/32    855      1,016
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/32  1,190      1,387
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/32    725        961
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/33    860      1,016
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/33    450        544
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/33    720        945
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/34  1,105      1,301
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/34    570        660
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/34  1,225      1,477
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/34    785        941
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/35  3,530      3,918
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/35  1,100      1,272
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/35    225        271
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/35    645        768
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/36  1,960      2,300
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/36    645        745
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/36  1,250      1,498
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/36  1,000      1,281
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/36    850      1,003
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/37  1,015      1,188
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/37    300        359
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/37    600        766
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/37    375        442
58
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/38  1,000      1,274
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/38    875      1,027
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/39    835      1,061
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/39    600        703
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/40    540        631
  California Municipal Finance Authority Electric Power & Light Revenue 5.000%  10/1/24  1,610      1,900
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/21  2,200      2,215
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/21  1,000      1,007
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/22    500        525
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/22  1,000      1,049
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/22  1,000      1,046
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/23    835        911
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/23  1,000      1,091
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/23  2,465      2,633
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/23  1,000      1,097
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/24  3,435      3,874
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/24    500        564
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/24  1,000      1,135
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/24  1,825      2,059
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/24  1,000      1,128
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/24    425        466
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/25  1,700      1,980
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/25    650        757
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/25  2,350      2,746
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/25  1,490      1,741
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/25  1,100      1,272
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/25  1,000      1,157
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/25    400        447
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/26  2,275      2,727
59
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%   2/1/26    700        813
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/26  2,475      2,914
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/26  1,000      1,177
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/26    475        541
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/27  1,625      1,996
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/27    600        694
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/27    700        853
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/27  3,820      4,481
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/27  1,000      1,197
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/27    650        751
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/28  1,000      1,217
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/28    750        862
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 3.000%   7/1/28    250        271
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28  1,365      1,649
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/28  1,500      1,750
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/28  3,500      4,251
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/28    450        527
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/29  1,895      2,166
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29  1,520      1,825
6 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/29  1,175      1,329
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/29  1,250      1,479
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30  1,000      1,196
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30    770        921
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/30  1,600      1,850
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/31  3,470      3,941
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31  1,005      1,198
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31  1,000      1,192
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/31  1,850      2,174
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/32  3,660      4,350
60
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%   2/1/32  3,655      4,140
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/32    900      1,068
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/33  3,225      3,816
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/33  3,835      4,330
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/33  1,500      1,764
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/33  1,030      1,211
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/34  4,250      5,016
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/34  4,035      4,547
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34  1,575      1,848
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/35  4,675      5,510
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/35  4,000      4,504
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/35  2,000      2,337
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/35  1,745      2,039
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/36  2,000      2,351
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/36  1,800      2,098
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/36  1,900      2,214
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/36  8,960     10,399
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/37  1,700      1,994
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/37  1,510      1,755
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Channing House Project) 5.000%  5/15/32    505        607
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Channing House Project) 5.000%  5/15/37    250        298
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/26    630        787
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/28    940      1,197
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/30  1,435      1,808
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/31  1,380      1,731
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/35  1,475      1,827
1 California Municipal Finance Authority Lease Revenue 5.000%   8/1/31  1,455      1,791
1 California Municipal Finance Authority Lease Revenue 5.000%   8/1/36  1,805      2,193
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  8/15/21  1,130      1,162
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/22    700        735
61
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  8/15/22    325        347
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/23  1,250      1,354
1 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/23    400        439
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  8/15/23    400        441
1 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/24    735        833
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/25  2,425      2,770
1 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/25    500        584
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/26  2,550      2,972
1 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/26    570        683
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/27  1,925      2,282
1 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/27  1,000      1,226
1 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/28  1,385      1,730
1 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/28  2,400      2,973
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/29  1,500      1,809
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/29  1,000      1,225
1 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/29  1,450      1,804
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/30  3,045      3,647
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  8/15/30  1,000      1,115
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/31  3,000      3,569
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/31  3,820      4,664
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/32    500        607
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/33  1,450      1,751
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/35  2,000      2,340
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/35  2,265      2,715
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%   6/1/35  1,270      1,356
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/36  2,530      3,021
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 2.650%   8/1/36 13,565     14,683
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/38  2,300      2,667
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/38    935      1,110
62
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 4.000%  8/15/21    900        919
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 4.000%  8/15/22    690        724
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/23    150        165
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/24  1,025      1,163
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/26  1,130      1,351
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/31    600        719
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 4.000%  8/15/37  1,000      1,098
6 California Municipal Finance Authority Local or Guaranteed Housing Revenue (Claremont Colleges Project) 5.000%   7/1/30    520        595
6 California Municipal Finance Authority Local or Guaranteed Housing Revenue (Claremont Colleges Project) 5.000%   7/1/40  3,035      3,349
6 California Municipal Finance Authority Resource Recovery Revenue (Waste Management Inc. Project) PUT 1.300%   2/3/25  9,800     10,009
  California Municipal Finance Authority Water Revenue (Anaheim Water System Project) 4.000%  10/1/31  3,955      4,481
  California Municipal Finance Authority Water Revenue (Anaheim Water System Project) 4.000%  10/1/32  4,220      4,769
  California Municipal Finance Authority Water Revenue (Anaheim Water System Project) 4.000%  10/1/33  4,390      4,949
  California Municipal Finance Authority Water Revenue (Anaheim Water Systems Project) 4.000%  10/1/40  4,000      4,479
7 California Public Finance Authority Health, Hospital, Nursing Home Revenue VRDO 0.060%  12/1/20  5,650      5,650
7 California Public Finance Authority Health, Hospital, Nursing Home Revenue VRDO 0.060%  12/1/20 24,145     24,145
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/22    100        106
6 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/22  1,545      1,641
6 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/23    635        675
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/23    100        110
6 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/23    800        891
6 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/24    660        717
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/24    130        148
6 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/24    450        520
6 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/25    685        758
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/25    100        118
6 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/26    715        803
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/26    105        127
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/27    110        136
6 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/28    770        853
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/28    160        201
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/29    330        422
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/30    835        960
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/32    460        525
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/33    485        551
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/34    510        578
6 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/36  2,250      2,574
6 California School Finance Authority Charter School Aid Revenue 5.000%   6/1/40  1,500      1,622
6,10 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/40  1,000      1,207
6 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/21    275        281
63
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
6 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/22    335        354
6 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/23    345        378
6 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/24    320        361
6 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/25    150        174
6 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/26    150        178
6 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/27    160        194
6 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/28    190        233
6 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/35  1,000      1,121
6 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/38  2,000      2,368
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/26    160        192
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/27    230        281
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/28    215        267
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/29    260        328
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/30    520        665
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/32    740        923
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/33    930      1,147
  California State Public Works Board Lease (Abatement) Revenue 5.000%  12/1/20  1,600      1,600
  California State Public Works Board Lease (Abatement) Revenue 5.000%   3/1/21  1,800      1,821
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/21  5,945      6,182
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/21  7,620      7,924
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/21  1,425      1,482
  California State Public Works Board Lease (Abatement) Revenue 5.000%  12/1/21  2,965      3,107
  California State Public Works Board Lease (Abatement) Revenue 5.000%  12/1/21  1,110      1,163
  California State Public Works Board Lease (Abatement) Revenue 5.000%   3/1/22  1,600      1,696
  California State Public Works Board Lease (Abatement) Revenue 5.000%   5/1/22  2,975      3,177
  California State Public Works Board Lease (Abatement) Revenue 5.000%   5/1/22  4,440      4,741
  California State Public Works Board Lease (Abatement) Revenue 5.000%   6/1/22  9,425     10,101
  California State Public Works Board Lease (Abatement) Revenue 5.000%   9/1/22  3,230      3,500
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/22  6,250      6,798
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/22  5,860      6,374
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/22  1,500      1,631
  California State Public Works Board Lease (Abatement) Revenue 5.000%  12/1/22  1,195      1,308
  California State Public Works Board Lease (Abatement) Revenue 5.000%   5/1/23  5,295      5,896
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/23  3,285      3,721
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/23  2,350      2,662
  California State Public Works Board Lease (Abatement) Revenue 5.000%   5/1/24  5,560      6,445
  California State Public Works Board Lease (Abatement) Revenue 5.000%   9/1/24  4,330      5,086
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/24  1,955      2,304
  California State Public Works Board Lease (Abatement) Revenue 5.000%   6/1/25  3,140      3,794
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/25     50         59
10 California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/26  5,100      5,968
64
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California State Public Works Board Lease (Abatement) Revenue 5.000%   5/1/26  5,775      7,201
10 California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/27  6,150      7,393
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/27  2,635      3,374
  California State Public Works Board Lease (Abatement) Revenue 5.000%   5/1/27  6,435      8,259
  California State Public Works Board Lease (Abatement) Revenue 5.000%  12/1/27    455        557
10 California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/28  6,750      8,283
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/28  4,000      5,087
  California State Public Works Board Lease (Abatement) Revenue 5.000%   5/1/28  4,625      5,549
  California State Public Works Board Lease (Abatement) Revenue 5.000%   6/1/28  5,865      6,527
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/28 13,840     17,836
10 California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/29  8,850     11,057
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/29  5,235      6,637
  California State Public Works Board Lease (Abatement) Revenue 5.000%   5/1/29  1,175      1,391
  California State Public Works Board Lease (Abatement) Revenue 5.000%   6/1/29  9,030     10,041
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/29 12,260     15,747
10 California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/30  4,800      6,101
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/30  2,435      3,071
  California State Public Works Board Lease (Abatement) Revenue 5.000%   5/1/30  1,250      1,493
10 California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/31  6,200      8,016
  California State Public Works Board Lease (Abatement) Revenue 5.000%   9/1/31  5,000      5,816
2 California State Public Works Board Lease (Abatement) Revenue 3.000%  10/1/31  1,050      1,160
  California State Public Works Board Lease (Abatement) Revenue 5.750%  10/1/31  6,000      6,276
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/32  2,000      2,506
  California State Public Works Board Lease (Abatement) Revenue 5.250%  10/1/32  5,015      5,882
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/33    500        624
  California State Public Works Board Lease (Abatement) Revenue 5.250%  10/1/33  3,000      3,514
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/34  2,575      3,205
  California State Public Works Board Lease (Abatement) Revenue 5.000%   9/1/34 19,120     22,133
2 California State Public Works Board Lease (Abatement) Revenue 3.000%  10/1/36  3,480      3,768
  California State Public Works Board Lease (Abatement) Revenue 4.000%   3/1/40    750        913
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%  12/1/21    400        419
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%  12/1/21  7,000      7,334
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%  12/1/21  4,980      5,217
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%  12/1/21  5,000      5,238
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.250%  12/1/21  1,575      1,654
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%   3/1/25  1,525      1,686
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%   3/1/26  1,600      1,767
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%   3/1/28  2,860      3,152
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%   3/1/29  2,500      2,754
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%   3/1/32  3,200      3,517
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%   3/1/33  1,650      1,814
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 4.000%  11/1/31  3,805      4,852
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 4.000%  11/1/32  3,965      5,019
65
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 Project) 2.000%  11/1/33  3,815      3,866
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 2.000%  11/1/34  4,025      4,063
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/22  1,600      1,747
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   5/1/23  2,765      3,079
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/23  1,035      1,128
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/24  2,055      2,240
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/24     10         11
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/25  5,765      7,074
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/25  3,610      3,936
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   5/1/26  3,205      3,996
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/26  1,700      1,989
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/26 10,000     12,655
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/27  5,030      6,327
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   5/1/27  3,350      4,300
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/27  5,175      6,508
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/28  2,630      3,505
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/28 16,235     20,309
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   5/1/29  3,695      4,832
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   4/1/30 14,980     17,787
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.500%  11/1/30  5,595      6,399
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   3/1/31  1,750      2,381
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/31  1,650      1,790
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.500%  11/1/31  7,150      8,173
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   3/1/32  2,390      3,233
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   4/1/32  3,800      4,486
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/32  5,025      5,831
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  10/1/32  4,520      5,736
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/32 11,465     12,435
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   3/1/33  1,800      2,420
66
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%   9/1/33  5,000      5,794
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/33  3,250      4,004
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.500%  11/1/33  4,670      5,331
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   3/1/34  1,370      1,836
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/35    675        835
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.500%   9/1/35 25,000     28,159
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/36    625        769
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/37  5,000      5,287
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/38    915      1,027
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/39  1,000      1,220
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/39 15,175     17,493
  California State Public Works Board Lease (Abatement) Revenue (Various State Projects), Prere. 5.000%   9/1/22  3,000      3,250
  California State Public Works Board Lease (Abatement) Revenue (Various State Projects), Prere. 5.000%   9/1/22  3,000      3,250
  California State Public Works Board Lease (Abatement) Revenue, ETM 5.000%  10/1/21  1,650      1,716
  California State Public Works Board Lease (Abatement) Revenue, ETM 5.000%  12/1/21  5,400      5,660
  California State University College & University Revenue 5.000%  11/1/21  6,310      6,591
  California State University College & University Revenue 5.000%  11/1/22  1,545      1,689
  California State University College & University Revenue 5.000%  11/1/22  2,500      2,733
  California State University College & University Revenue 5.000%  11/1/23  1,500      1,708
  California State University College & University Revenue 5.000%  11/1/26  1,400      1,780
  California State University College & University Revenue 5.000%  11/1/27  2,155      2,641
  California State University College & University Revenue 5.000%  11/1/27  1,500      1,962
  California State University College & University Revenue 5.000%  11/1/28  5,000      5,894
  California State University College & University Revenue 5.000%  11/1/28  2,635      3,222
  California State University College & University Revenue 5.000%  11/1/28    500        671
  California State University College & University Revenue 5.000%  11/1/30  1,300      1,608
  California State University College & University Revenue 5.000%  11/1/30  2,920      3,554
  California State University College & University Revenue 5.000%  11/1/30    600        817
  California State University College & University Revenue 5.000%  11/1/31  8,900     10,447
  California State University College & University Revenue 5.000%  11/1/31 10,080     12,242
  California State University College & University Revenue 5.000%  11/1/31  8,350     10,310
  California State University College & University Revenue 5.000%  11/1/31    400        541
  California State University College & University Revenue 5.000%  11/1/32 12,995     15,747
  California State University College & University Revenue 5.000%  11/1/32  6,180      7,771
  California State University College & University Revenue 5.000%  11/1/32  5,115      6,304
  California State University College & University Revenue 5.000%  11/1/33 11,980     14,021
  California State University College & University Revenue 5.000%  11/1/33  6,270      7,868
  California State University College & University Revenue 5.000%  11/1/33 10,155     12,490
  California State University College & University Revenue 5.000%  11/1/33  5,775      6,982
  California State University College & University Revenue 4.000%  11/1/34 10,045     11,552
  California State University College & University Revenue 5.000%  11/1/34  6,175      7,222
  California State University College & University Revenue 5.000%  11/1/34  5,000      6,273
67
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California State University College & University Revenue 5.000%  11/1/34  8,560     11,170
  California State University College & University Revenue 4.000%  11/1/35 10,915     12,513
  California State University College & University Revenue 5.000%  11/1/35  6,840      7,994
  California State University College & University Revenue 5.000%  11/1/35  8,000     10,012
  California State University College & University Revenue 5.000%  11/1/35 13,205     15,902
  California State University College & University Revenue 5.000%  11/1/35  5,000      6,505
  California State University College & University Revenue 5.000%  11/1/36  1,435      1,791
  California State University College & University Revenue 5.000%  11/1/36  3,050      3,730
  California State University College & University Revenue 5.000%  11/1/36 10,555     13,689
  California State University College & University Revenue 5.000%  11/1/37  3,895      4,851
  California State University College & University Revenue 5.000%  11/1/37 10,465     13,538
  California State University College & University Revenue 5.000%  11/1/38  5,495      7,091
  California State University College & University Revenue 5.000%  11/1/39  6,600      7,660
  California State University College & University Revenue 5.000%  11/1/39    510        671
  California State University College & University Revenue 5.000%  11/1/41 14,500     17,602
  California State University College & University Revenue PUT 4.000%  11/1/21 23,465     23,797
  California State University College & University Revenue PUT 4.000%  11/1/23 19,435     21,026
  California State University College & University Revenue PUT 1.600%  11/1/26 27,025     28,142
  California State University College & University Revenue, Prere. 5.000%  11/1/21  5,740      5,991
  California State University College & University Revenue, Prere. 5.000%  11/1/21  1,045      1,091
  California State University College & University Revenue, Prere. 5.000%  11/1/21    765        798
  California State University College & University Revenue, Prere. 5.000%  11/1/21  2,170      2,265
  California State University College & University Revenue, Prere. 4.000%  11/1/22 10,445     11,197
  California State University College & University Revenue, Prere. 4.000%  11/1/22  6,675      7,155
  California State University College & University Revenue, Prere. 4.000%  11/1/22 17,275     18,518
  California State University College & University Revenue, Prere. 5.000%  11/1/22 20,430     22,290
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/34  8,905     10,171
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/36  9,520     10,787
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/37  9,035     10,205
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/38 12,300     13,849
  California Statewide Communities Development Authority College & University Revenue 5.000%  5/15/27  1,500      1,759
  California Statewide Communities Development Authority College & University Revenue 5.000%  5/15/28  1,550      1,809
  California Statewide Communities Development Authority College & University Revenue 5.000%  5/15/29    900      1,046
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/21    170        172
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/21    275        282
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/21  1,030      1,064
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/21    215        217
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/22  1,500      1,585
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/22    120        127
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/22    250        267
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/22  1,050      1,135
68
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%  8/15/22    765        824
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/22    225        232
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/23  1,535      1,690
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/23    145        160
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/23    410        448
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/23    525        579
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/23    665        735
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/23    525        589
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/23    235        245
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/24  1,095      1,252
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/24    200        229
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/24    500        572
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/24    800        915
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/24    300        343
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/24    760        885
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/24    245        241
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/25    765        906
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/25    410        485
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/25    160        186
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/25    750        889
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/25  1,365      1,564
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/25    100        121
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/25    250        295
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/25  1,100      1,329
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/25    215        210
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/26  1,070      1,276
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/26  1,500      1,836
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/26    460        563
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/26    350        418
69
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%   4/1/26    590        722
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/26  2,150      2,461
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/26    175        218
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/26    820        993
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/26  1,090      1,358
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.125%  11/1/26    240        234
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/27  1,900      2,320
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/27    605        759
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/27    160        195
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/27    735        922
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/27    815        855
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/27  3,445      3,929
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/27    205        262
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/27    525        651
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/27  1,000      1,276
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/27    270        277
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/28  3,000      3,742
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/28  1,100      1,412
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/28    420        507
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/28    760        975
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28  3,000      3,421
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28    100        130
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/28    550        686
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/28    780      1,020
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/29  3,290      4,069
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/29  1,925      2,437
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/29    470        563
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/29    815      1,066
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29  4,660      5,307
70
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%   7/1/29    365        472
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/29    825      1,023
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/29 14,865     16,614
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/30  6,380      7,675
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/30  2,615      3,297
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/30    660        879
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30  4,575      5,205
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30    275        353
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/30    475        587
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/30  2,645      3,194
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/31  1,380      1,731
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/31  1,000      1,317
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31  4,000      4,548
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/31    400        490
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/31  4,040      4,868
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/32  5,000      5,976
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/32  1,580      1,970
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/32    255        282
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/32    915      1,196
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/32    680        711
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/32  3,790      4,307
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/32    495        604
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/33  2,500      2,839
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/33    465        565
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/33  4,000      4,796
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/34  1,005      1,243
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/34    350        383
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/34    640        827
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34  2,025      2,298
71
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%  8/15/34  4,795      5,741
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/35  1,475      1,820
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/35  1,000      1,195
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/36    630        684
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/36  2,025      2,383
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/37    650        704
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.500%   3/1/38  1,050      1,134
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/38  2,050      2,398
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/39  3,920      4,573
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/40  3,980      4,632
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/41    550        644
6 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (899 Charleston Project) 5.000%  11/1/24    825        858
6 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (899 Charleston Project) 5.000%  11/1/29  1,650      1,727
6 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (899 Charleston Project) 5.000%  11/1/34  3,700      3,837
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/21    305        312
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/22    420        448
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/23    300        331
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/24    300        343
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/25    300        355
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/26    325        396
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/36    590        724
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/37    500        612
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/38    710        867
72
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 (Viamonte Senior Living Project) 3.000%   7/1/25  8,000      8,016
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Viamonte Senior Living Project) 3.000%   7/1/26  8,050      8,066
6 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 4.000%  8/15/24 19,815     22,287
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   3/1/27 14,090     17,180
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/29 39,995     53,794
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/29    205        276
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/29 10,875     14,627
7 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue VRDO 0.070%  12/1/20  1,000      1,000
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, ETM 4.000%  11/1/21    345        357
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, ETM 5.000%  11/1/22    375        408
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, ETM 5.000%  11/1/23    275        312
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, ETM 5.000%  11/1/24    355        419
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.250%  8/15/21  7,500      7,767
5 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  8/15/22 11,820     12,782
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.625%  10/1/22    500        549
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24    355        419
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24    325        383
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24    750        884
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24  1,310      1,544
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24    700        825
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24  1,040      1,226
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24  1,100      1,297
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24  1,690      1,992
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/21    825        837
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/22  2,515      2,636
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/23  1,250      1,348
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/24  1,250      1,383
6 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%   7/1/24  1,500      1,517
73
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/25  2,000      2,264
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/26  3,410      3,932
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/27  2,015      2,312
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/28  5,000      5,713
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/29  2,000      2,277
6 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%   7/1/29    900        906
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.125%  5/15/31  9,250      9,397
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/32  2,475      2,790
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/33  3,375      3,788
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/34  1,750      1,955
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/35  2,000      2,223
2 California Statewide Communities Development Authority Miscellaneous Revenue, ETM 5.000% 11/15/21    200        209
2 California Statewide Communities Development Authority Miscellaneous Revenue, ETM 5.000% 11/15/22    200        218
2 California Statewide Communities Development Authority Miscellaneous Revenue, ETM 5.000% 11/15/23    400        454
2 California Statewide Communities Development Authority Miscellaneous Revenue, ETM 5.000% 11/15/24    500        590
2 California Statewide Communities Development Authority Miscellaneous Revenue, Prere. 5.000% 11/15/24  1,660      1,960
2 California Statewide Communities Development Authority Miscellaneous Revenue, Prere. 5.000% 11/15/24    900      1,063
2 California Statewide Communities Development Authority Miscellaneous Revenue, Prere. 5.000% 11/15/24  2,505      2,958
  California Statewide Communities Development Authority Special Tax Revenue 4.000%   9/1/40    600        653
  Campbell Union High School District GO 5.000%   8/1/33  2,100      2,612
  Campbell Union High School District GO 5.000%   8/1/34  2,500      3,103
  Campbell Union High School District GO 5.000%   8/1/35  4,095      5,069
  Campbell Union High School District GO 5.000%   8/1/36  5,000      6,174
  Campbell Union High School District GO 4.000%   8/1/37  5,000      5,754
  Carlsbad Unified School District GO 4.000%   5/1/30  5,220      6,314
  Carlsbad Unified School District GO 4.000%   5/1/32    575        689
  Carlsbad Unified School District GO 4.000%   5/1/33    690        820
  Carlsbad Unified School District GO 4.000%   5/1/34    685        809
  Carlsbad Unified School District GO 3.000%   8/1/35  1,100      1,230
  Carlsbad Unified School District GO 3.000%   8/1/36  1,180      1,315
  Carlsbad Unified School District GO 3.000%   8/1/37  1,295      1,438
  Carlsbad Unified School District GO 3.000%   8/1/38  1,415      1,567
  Carlsbad Unified School District GO 3.000%   8/1/39  1,545      1,708
9 Carlsbad Unified School District GO, 6.125% coupon rate effective 8/1/21 0.000%   8/1/31    145        200
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/21    125        128
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/22    145        155
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/23    215        241
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/24    160        187
74
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/25    125        152
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/26    150        188
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/27    225        290
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/28    250        330
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/29    250        337
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/30    300        413
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/31    300        411
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/32    300        409
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/33    350        474
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/34    400        538
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/35    500        670
  Carson Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  10/1/22  1,130      1,224
  Carson Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  10/1/23  1,170      1,320
2 Carson Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1) 5.000%  10/1/21    850        883
2 Carson Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1) 5.000%  10/1/22    600        650
  Castro Valley Unified School District GO 4.000%   8/1/33    750        896
  Castro Valley Unified School District GO 4.000%   8/1/34    750        890
  Castro Valley Unified School District GO 4.000%   8/1/35    390        461
2 Centinela Valley Union High School District GO 4.000%   8/1/30  2,390      2,769
2 Centinela Valley Union High School District GO 4.000%   8/1/31  1,885      2,181
2 Centinela Valley Union High School District GO 4.000%   8/1/32  3,355      3,871
2 Centinela Valley Union High School District GO 4.000%   8/1/33  1,410      1,623
2 Centinela Valley Union High School District GO 4.000%   8/1/34  5,465      6,281
1 Centinela Valley Union High School District GO 4.000%   8/1/41  2,450      2,777
  Cerritos Community College District GO 0.000%   8/1/22    500        497
  Cerritos Community College District GO 0.000%   8/1/23    500        494
  Cerritos Community College District GO 4.000%   8/1/30  3,480      3,905
  Cerritos Community College District GO 4.000%   8/1/32  2,260      2,518
  Chabot-Las Positas Community College District GO 5.000%   8/1/25  1,075      1,210
  Chabot-Las Positas Community College District GO 5.000%   8/1/27  2,525      2,834
  Chabot-Las Positas Community College District GO 5.000%   8/1/29  2,125      2,384
  Chabot-Las Positas Community College District GO 5.000%   8/1/30  7,500      8,405
  Chabot-Las Positas Community College District GO 5.000%   8/1/31  7,500      8,401
  Chabot-Las Positas Community College District GO 5.000%   8/1/32 13,000     14,540
  Chabot-Las Positas Community College District GO 4.000%   8/1/33    250        292
  Chabot-Las Positas Community College District GO 4.000%   8/1/33    575        686
  Chabot-Las Positas Community College District GO 4.000%   8/1/34  9,950     11,602
  Chabot-Las Positas Community College District GO 4.000%   8/1/34    625        744
  Chabot-Las Positas Community College District GO 4.000%   8/1/35    620        737
  Chabot-Las Positas Community College District GO 4.000%   8/1/35  2,000      2,327
  Chaffey Community College District GO, Prere. 5.000%   6/1/24    150        175
  Chaffey Community College District GO, Prere. 5.000%   6/1/24  4,700      5,482
  Chaffey Joint Union High School District GO 0.000%   8/1/21    500        499
  Chaffey Joint Union High School District GO 0.000%   8/1/22    500        497
  Chaffey Joint Union High School District GO 0.000%   8/1/23    600        592
  Chaffey Joint Union High School District GO 0.000%   8/1/24    500        490
  Chaffey Joint Union High School District GO 0.000%   8/1/25    655        628
  Chaffey Joint Union High School District GO 0.000%   8/1/26  1,430      1,315
  Chaffey Joint Union High School District GO 0.000%   8/1/28  2,000      1,673
  Chico CA Sewer Revenue 5.000%  12/1/25    500        617
  Chico CA Sewer Revenue 5.000%  12/1/26    400        509
  Chico CA Sewer Revenue 5.000%  12/1/27    450        585
75
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Chico CA Sewer Revenue 5.000%  12/1/28    590        786
  Chico CA Sewer Revenue 5.000%  12/1/29    435        590
  Chico Unified School District GO 4.000%   8/1/21  1,200      1,230
  Chico Unified School District GO 4.000%   8/1/22    515        548
  Chico Unified School District GO 5.000%   8/1/29    210        254
  Chico Unified School District GO 5.000%   8/1/30    330        398
  Chico Unified School District GO 5.000%   8/1/31    425        510
  Chico Unified School District GO 5.000%   8/1/32    385        460
  Chico Unified School District GO 5.000%   8/1/33    750        889
  Chico Unified School District GO 4.000%   8/1/36  2,025      2,288
  Chico Unified School District GO 4.000%   8/1/37  2,200      2,481
2 Chino Public Financing Authority Special Tax Revenue 5.000%   9/1/24    675        781
2 Chino Public Financing Authority Special Tax Revenue 5.000%   9/1/25  1,000      1,197
1 Chino Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/27  1,195      1,384
1 Chino Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/30  1,170      1,347
  Chino Valley Unified School District GO 5.000%   8/1/33    100        136
  Chino Valley Unified School District GO 5.000%   8/1/35    100        135
  Chino Valley Unified School District GO 5.000%   8/1/36    125        168
  Chino Valley Unified School District GO 5.000%   8/1/37    250        336
  Chino Valley Unified School District GO 5.000%   8/1/38    340        455
  Chino Valley Unified School District GO 5.000%   8/1/39    400        534
  Chino Valley Unified School District GO 5.000%   8/1/40    320        426
  Chula Vista Elementary School District GO 2.000%   8/1/26  2,030      2,213
  Chula Vista Elementary School District GO 2.000%   8/1/27  5,315      5,821
  Chula Vista Elementary School District Miscellaneous Revenue BAN 0.000%   8/1/23  4,500      4,461
  Chula Vista Municipal Financing Authority Special Tax Revenue 5.000%   9/1/21  2,500      2,588
  Chula Vista Municipal Financing Authority Special Tax Revenue 5.000%   9/1/23  2,615      2,933
  Chula Vista Municipal Financing Authority Special Tax Revenue 5.250%   9/1/24  3,225      3,639
  Chula Vista Municipal Financing Authority Special Tax Revenue 5.500%   9/1/25  3,495      3,969
  Chula Vista Municipal Financing Authority Special Tax Revenue 5.500%   9/1/26  3,685      4,178
  Chula Vista Municipal Financing Authority Special Tax Revenue 5.500%   9/1/27    970      1,096
9 Citrus Community College District GO, 5.000% coupon rate effective 2/1/23, Prere. 0.000%   2/1/24  1,000      1,037
9 Citrus Community College District GO, 5.000% coupon rate effective 2/1/23, Prere. 0.000%   2/1/24  3,150      3,265
1 Clovis CA Sewer Revenue 5.000%   8/1/27  1,090      1,406
1 Clovis CA Sewer Revenue 5.000%   8/1/28  1,000      1,282
1 Clovis CA Sewer Revenue 5.000%   8/1/31  1,380      1,728
1 Clovis CA Sewer Revenue 5.000%   8/1/33  1,780      2,203
1 Clovis CA Sewer Revenue 5.000%   8/1/34  1,000      1,235
1 Clovis CA Sewer Revenue 5.000%   8/1/35  1,000      1,232
1 Clovis CA Sewer Revenue 5.000%   8/1/36  2,165      2,651
1 Clovis CA Sewer Revenue 5.000%   8/1/37  1,265      1,545
4 Clovis Unified School District GO 0.000%   8/1/26    450        428
4 Clovis Unified School District GO 0.000%   8/1/28  3,250      2,970
4 Clovis Unified School District GO 0.000%   8/1/30 12,330     10,698
  Clovis Unified School District GO 0.000%   8/1/32  4,185      3,198
  Clovis Unified School District GO 0.000%   8/1/33  2,700      1,969
  Clovis Unified School District GO 0.000%   8/1/34  2,015      1,402
  Clovis Unified School District GO 0.000%   8/1/35  2,780      1,848
  Coast Community College District GO 0.000%   8/1/25  8,000      5,590
  Coast Community College District GO 4.000%   8/1/25     15         18
  Coast Community College District GO 5.000%   8/1/25  3,000      3,663
76
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Coast Community College District GO 5.000%   8/1/25     55         67
  Coast Community College District GO 3.000%   8/1/36  1,000      1,108
  Coast Community College District GO 3.000%   8/1/37  1,000      1,105
  Coast Community College District GO 3.000%   8/1/38  2,500      2,755
2 Colton Joint Unified School District GO 5.000%   8/1/23    785        881
1 Colton Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/22  1,215      1,307
  Commerce Community Development Commission Successor Agency Tax Allocation Revenue 5.000%   8/1/21    500        516
  Commerce Community Development Commission Successor Agency Tax Allocation Revenue 5.000%   8/1/22    335        358
2 Commerce Community Development Commission Successor Agency Tax Allocation Revenue 5.000%   8/1/23    605        678
2 Commerce Community Development Commission Successor Agency Tax Allocation Revenue 5.000%   8/1/29  1,595      1,953
1 Compton CA Unified School District COP 4.000%   6/1/21     50         51
1 Compton CA Unified School District COP 4.000%   6/1/22    150        158
1 Compton CA Unified School District COP 4.000%   6/1/23    215        234
1 Compton CA Unified School District COP 4.000%   6/1/24    345        387
1 Compton CA Unified School District COP 5.000%   6/1/25    405        487
1 Compton CA Unified School District COP 5.000%   6/1/26    475        590
1 Compton CA Unified School District COP 5.000%   6/1/27    555        709
1 Compton CA Unified School District COP 5.000%   6/1/28    335        424
1 Compton CA Unified School District COP 5.000%   6/1/29    275        345
1 Compton CA Unified School District COP 5.000%   6/1/31    270        334
1 Compton CA Unified School District COP 5.000%   6/1/32    530        652
1 Compton CA Unified School District COP 4.000%   6/1/33    250        291
1 Compton CA Unified School District COP 4.000%   6/1/34    325        376
1 Compton CA Unified School District COP 4.000%   6/1/35    400        462
1 Compton CA Unified School District COP 4.000%   6/1/36    400        460
1 Compton CA Unified School District COP 4.000%   6/1/38    550        629
1 Compton CA Unified School District COP 4.000%   6/1/39    575        657
1 Compton CA Unified School District GO 5.000%   6/1/25    785        943
1 Compton CA Unified School District GO 5.000%   6/1/26    835      1,037
1 Compton CA Unified School District GO 5.000%   6/1/27    745        951
1 Compton CA Unified School District GO 5.000%   6/1/28  1,140      1,446
1 Compton CA Unified School District GO 5.000%   6/1/29  1,000      1,261
1 Compton CA Unified School District GO 4.000%   6/1/30  2,200      2,623
1 Compton CA Unified School District GO 4.000%   6/1/31  2,065      2,445
1 Compton CA Unified School District GO 4.000%   6/1/32  1,995      2,352
1 Compton CA Unified School District GO 0.000%   6/1/33  1,000        745
1 Compton Community College District GO 5.000%   8/1/31  1,000      1,196
2 Conejo Valley Unified School District GO 0.000%   8/1/21  2,000      1,995
2 Conejo Valley Unified School District GO 0.000%   8/1/22  2,750      2,729
2 Conejo Valley Unified School District GO 0.000%   8/1/23  2,500      2,463
2 Conejo Valley Unified School District GO 0.000%   8/1/24  3,000      2,931
2 Conejo Valley Unified School District GO 0.000%   8/1/25  3,380      3,221
2 Conejo Valley Unified School District GO 0.000%   8/1/26  3,500      3,187
2 Conejo Valley Unified School District GO 0.000%   8/1/27  3,000      2,608
2 Conejo Valley Unified School District GO 0.000%   8/1/28  2,290      1,895
  Contra Costa Community College District GO 5.000%   8/1/22  1,000      1,080
  Contra Costa Community College District GO 4.000%   8/1/29  2,350      2,500
  Contra Costa Community College District GO 3.000%   8/1/35  2,000      2,258
  Contra Costa Community College District GO 3.000%   8/1/36  1,900      2,127
  Contra Costa Community College District GO 3.000%   8/1/37  1,370      1,510
  Contra Costa Community College District GO 3.000%   8/1/37  1,615      1,798
77
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Contra Costa Community College District GO 3.000%   8/1/38  1,100      1,209
  Contra Costa Community College District GO 3.000%   8/1/39  1,000      1,097
  Contra Costa Community College District GO 4.000%   8/1/39  2,865      3,215
  Contra Costa Community College District GO, Prere. 5.000%   8/1/23  3,000      3,382
  Contra Costa Community College District GO, Prere. 5.000%   8/1/23  4,000      4,510
  Contra Costa County Public Financing Authority Lease (Abatement) Revenue (Capital Project) 5.000%   6/1/21    800        819
  Contra Costa County Public Financing Authority Lease (Abatement) Revenue (Capital Project) 5.000%   6/1/22    600        643
  Contra Costa County Public Financing Authority Lease (Abatement) Revenue(Capital Projects) 5.000%   6/1/23  2,410      2,696
  Contra Costa Transportation Authority Sales Tax Revenue 5.000%   3/1/30  2,000      2,495
  Contra Costa Transportation Authority Sales Tax Revenue 5.000%   3/1/31  1,295      1,609
  Contra Costa Transportation Authority Sales Tax Revenue 5.000%   3/1/32  1,600      1,747
  Contra Costa Transportation Authority Sales Tax Revenue 5.000%   3/1/32  2,010      2,488
  Contra Costa Transportation Authority Sales Tax Revenue 5.000%   3/1/33  1,800      1,962
  Contra Costa Transportation Authority Sales Tax Revenue 5.000%   3/1/33  6,060      7,469
  Contra Costa Transportation Authority Sales Tax Revenue 5.000%   3/1/34    100        117
  Contra Costa Transportation Authority Sales Tax Revenue 5.000%   3/1/34  5,665      6,964
11 Corona-Norco Unified School District GO 0.000%   8/1/21  2,010      2,005
11 Corona-Norco Unified School District GO 0.000%   8/1/22  1,700      1,687
11 Corona-Norco Unified School District GO 0.000%   8/1/23  1,000        985
11 Corona-Norco Unified School District GO 0.000%   8/1/25  1,325      1,282
11 Corona-Norco Unified School District GO 0.000%   8/1/26  1,530      1,459
11 Corona-Norco Unified School District GO 0.000%   8/1/27  1,500      1,404
11 Corona-Norco Unified School District GO 0.000%   8/1/28  1,290      1,180
  Corona-Norco Unified School District GO 5.000%   8/1/32    200        261
  Corona-Norco Unified School District GO 4.000%   8/1/33  2,525      2,941
  Corona-Norco Unified School District GO 4.000%   8/1/33  2,000      2,330
  Corona-Norco Unified School District GO 5.000%   8/1/33    350        454
  Corona-Norco Unified School District GO 4.000%   8/1/34  2,000      2,321
  Corona-Norco Unified School District GO 4.000%   8/1/34  3,000      3,482
  Corona-Norco Unified School District GO 4.000%   8/1/34    350        423
  Corona-Norco Unified School District GO 4.000%   8/1/35    500        601
  Corona-Norco Unified School District GO 4.000%   8/1/36    675        808
  Corona-Norco Unified School District GO 4.000%   8/1/38    800        951
  Corona-Norco Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/21    500        518
  Corona-Norco Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/23    500        559
  Corona-Norco Unified School District Special Tax Revenue 5.000%   9/1/23  1,145      1,295
  Corona-Norco Unified School District Special Tax Revenue 5.000%   9/1/24  1,325      1,497
  Corona-Norco Unified School District Special Tax Revenue 5.000%   9/1/25  2,525      2,851
  Corona-Norco Unified School District Special Tax Revenue 5.000%   9/1/27  1,000      1,127
  Corona-Norco Unified School District Special Tax Revenue 5.000%   9/1/28  1,590      1,791
1,6,7 Cotati-Rohnert Park CA Unified School District GO TOB VRDO 0.150%  12/3/20  1,305      1,305
  Covina-Valley Unified School District GO, Prere. 5.000%   8/1/23  2,000      2,255
  Covina-Valley Unified School District GO, Prere. 5.000%   8/1/23  2,250      2,537
6,7 Culver City CA Unified School District GO TOB VRDO 0.070%  12/1/20 15,510     15,510
  Cupertino CA COP 4.000%   6/1/25    700        816
  Cupertino CA COP 4.000%   6/1/28    650        812
  Cupertino CA COP 4.000%   6/1/30    850      1,093
  Cupertino Union School District GO 5.000%   8/1/32    480        595
  Cupertino Union School District GO 5.000%   8/1/33    545        675
  Cupertino Union School District GO 5.000%   8/1/34    245        303
  Cupertino Union School District GO, Prere. 5.000%   8/1/23  2,835      3,196
78
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Cupertino Union School District GO, Prere. 5.000%   8/1/24    100        117
1 Davis Joint Unified School District GO 3.000%   8/1/32  4,240      4,714
1 Davis Joint Unified School District GO 3.000%   8/1/33  4,260      4,715
1 Davis Joint Unified School District GO 3.000%   8/1/34  5,555      6,135
1 Davis Joint Unified School District GO 3.000%   8/1/35  3,660      4,032
1 Davis Joint Unified School District GO 3.000%   8/1/36  6,630      7,280
  Del Mar Race Track Authority Recreational Revenue 4.000%  10/1/21    880        873
  Del Mar Race Track Authority Recreational Revenue 5.000%  10/1/24  1,585      1,616
  Del Mar Race Track Authority Recreational Revenue 5.000%  10/1/26  1,475      1,499
  Del Mar Race Track Authority Recreational Revenue 5.000%  10/1/27  1,835      1,856
  Del Mar Race Track Authority Recreational Revenue 5.000%  10/1/29    410        412
  Department of Veterans Affairs Veteran's Farm & Home Purchase Program Local or Guaranteed Housing Revenue 3.500%  12/1/45  2,895      3,088
  Department of Veterans Affairs Veteran's Farm & Home Purchase Program Local or Guaranteed Housing Revenue 3.000%  12/1/50  2,500      2,743
  Desert Community College District GO 4.000%   8/1/33    350        447
  Desert Community College District GO 4.000%   8/1/34    390        493
  Desert Community College District GO 4.000%   8/1/35    335        422
  Desert Community College District GO 4.000%   8/1/36    500        625
  Desert Sands Unified School District GO 5.000%   8/1/35  1,000      1,264
  Desert Sands Unified School District GO 4.000%   8/1/36  1,440      1,694
  Desert Sands Unified School District GO 4.000%   8/1/37  1,500      1,760
  Desert Sands Unified School District GO 4.000%   8/1/38  1,500      1,757
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/26    425        537
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/31  1,000      1,282
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/33  1,300      1,652
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/34    900      1,141
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/35    670        848
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/36  1,505      1,899
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/37  1,100      1,385
  East Bay Municipal Utility District Wastewater System Sewer Revenue 5.000%   6/1/35  8,455     10,062
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/25  6,820      8,292
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/31  3,975      4,771
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/32  4,015      4,802
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/34  1,855      2,209
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/35  8,170     10,321
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/35  3,215      3,826
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/36  8,075     10,173
  East Bay Regional Park District GO 5.000%   9/1/28    385        387
1 East Side Union High School District GO 5.000%   8/1/22  1,500      1,620
1 East Side Union High School District GO 5.000%   8/1/24  1,005      1,179
1 East Side Union High School District GO 5.000%   8/1/25  1,150      1,402
1 East Side Union High School District GO 5.000%   8/1/27  1,150      1,491
2 East Side Union High School District GO 3.000%   8/1/29  3,300      3,750
  East Side Union High School District GO 5.000%   8/1/29  6,070      6,770
2 East Side Union High School District GO 3.000%   8/1/30  7,255      8,156
2 East Side Union High School District GO 3.000%   8/1/31  7,945      8,868
2 East Side Union High School District GO 3.000%   8/1/32  3,000      3,312
2 East Side Union High School District GO 3.000%   8/1/33  3,000      3,291
  East Side Union High School District GO 4.000%   8/1/33  1,425      1,633
2 East Side Union High School District GO 3.000%   8/1/36  6,945      7,541
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/27    300        391
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/29  2,700      3,370
79
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/29    300        409
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/30  2,600      3,226
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/30    350        488
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/31  5,055      6,243
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/32  5,130      6,314
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/33  5,000      6,142
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/34    925      1,267
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/35    550        751
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/36  1,965      2,673
  Eastern Municipal Water District Financing Authority Water Revenue 4.000%   7/1/38  1,650      2,061
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/40    500        595
  Eastern Municipal Water District Water Revenue 5.000%   7/1/22  1,045      1,125
  Eastern Municipal Water District Water Revenue 5.000%   7/1/26  1,050      1,327
  Eastern Municipal Water District Water Revenue 5.000%   7/1/27  2,455      3,090
  Eastern Municipal Water District Water Revenue 5.000%   7/1/28  1,890      2,372
  Eastern Municipal Water District Water Revenue 5.000%   7/1/29  3,650      4,567
  Eastern Municipal Water District Water Revenue 5.000%   7/1/31  2,835      3,526
  Eastern Municipal Water District Water Revenue 5.000%   7/1/32  2,580      3,201
  Eastern Municipal Water District Water Revenue 5.000%   7/1/33  3,775      4,672
  Eastern Municipal Water District Water Revenue 5.000%   7/1/35  4,970      6,126
  Eastern Municipal Water District Water Revenue 5.000%   7/1/36  2,310      2,840
8 Eastern Municipal Water District Water Revenue PUT, SIFMA Municipal Swap Index Yield + 0.250% 0.360%  10/1/21 12,000     11,997
  Eastern Municipal Water District Water Revenue VRDO 0.100%  12/1/20  7,825      7,825
  El Camino Community College District Foundation GO 0.000%   8/1/29  8,085      7,304
  El Camino Community College District Foundation GO 0.000%   8/1/32 10,000      8,379
  El Camino Community College District Foundation GO 0.000%   8/1/33  3,500      2,858
  El Camino Community College District Foundation GO 5.000%   8/1/34  1,100      1,364
  El Camino Healthcare District GO 4.000%   8/1/33  3,035      3,535
  El Dorado County CA Special Tax Revenue 5.000%   9/1/21  1,985      2,056
  El Dorado County CA Special Tax Revenue 4.000%   9/1/28  1,980      2,099
  El Dorado County CA Special Tax Revenue 4.000%   9/1/31    690        728
  El Dorado Irrigation District COP 5.000%   3/1/31    250        342
  El Dorado Irrigation District COP 5.000%   3/1/32    300        408
  El Dorado Irrigation District COP 5.000%   3/1/33    300        405
  El Dorado Irrigation District COP 5.000%   3/1/34    250        335
  El Dorado Irrigation District COP 5.000%   3/1/35    100        134
  El Dorado Irrigation District COP 5.000%   3/1/37    400        531
  El Dorado Irrigation District COP 5.000%   3/1/38  1,000      1,323
  El Dorado Irrigation District COP 5.000%   3/1/39  1,000      1,318
  El Dorado Irrigation District COP 5.000%   3/1/40    785      1,033
2 El Dorado Irrigation District Water Revenue, ETM 5.000%   3/1/21  2,280      2,308
2 El Dorado Irrigation District Water Revenue, Prere. 5.000%   3/1/24  8,460      9,768
2 El Dorado Irrigation District Water Revenue, Prere. 5.000%   3/1/24  1,500      1,732
2 El Dorado Union High School District GO 5.000%   8/1/34  2,195      2,760
2 El Dorado Union High School District GO 5.000%   8/1/35  2,280      2,860
80
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/21    465        481
  Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/22    425        459
1 Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/33  2,000      2,349
1 Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/34  3,970      4,655
1 Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/35  3,735      4,376
1 Elk Grove Unified School District COP 3.000%   2/1/37    700        745
  Elk Grove Unified School District GO 5.000%   8/1/30  1,635      2,046
  Elk Grove Unified School District GO 5.000%   8/1/31  1,940      2,415
  Encinitas CA Special Tax Revenue 5.000%   9/1/28  1,000      1,070
  Encinitas CA Special Tax Revenue 5.000%   9/1/29    800        855
  Escondido CA GO 5.000%   9/1/22    765        830
  Escondido CA GO 5.000%   9/1/23  2,030      2,299
  Escondido CA GO 5.000%   9/1/25  1,000      1,229
11 Escondido Union High School District GO 0.000%   8/1/26  2,740      2,608
11 Evergreen School District GO 0.000%   8/1/26  2,200      2,097
  Evergreen School District GO 4.000%   8/1/34  1,070      1,212
  Evergreen School District GO 4.000%   8/1/35    335        405
  Evergreen School District GO 4.000%   8/1/36  1,870      2,111
  Evergreen School District GO 4.000%   8/1/37  1,050      1,254
12 Fairfield CA COP 0.000%   4/1/34    940        736
  Fairfield-Suisun Unified School District GO 2.000%   8/1/34  5,195      5,363
  Fairfield-Suisun Unified School District GO 2.000%   8/1/35  5,500      5,647
  Fairfield-Suisun Unified School District GO 2.000%   8/1/36  5,770      5,863
  Fairfield-Suisun Unified School District GO 2.000%   8/1/37  6,095      6,136
13 FHLMC Multifamily Certificates Local or Guaranteed Housing Revenue 3.050%  4/15/34  4,820      5,389
13 FHLMC Multifamily Certificates Local or Guaranteed Housing Revenue 2.350% 12/15/35 14,940     16,171
  Folsom Ranch Financing Authority Special Tax Revenue 5.000%   9/1/27  1,000      1,168
  Folsom Ranch Financing Authority Special Tax Revenue 5.000%   9/1/32  1,820      2,162
  Fontana CA Special Tax Revenue 3.000%   9/1/21    550        558
  Fontana CA Special Tax Revenue 3.000%   9/1/22    440        453
  Fontana CA Special Tax Revenue 3.000%   9/1/23    205        214
  Fontana CA Special Tax Revenue 3.000%   9/1/24    465        491
  Fontana CA Special Tax Revenue 4.000%   9/1/25    480        534
  Fontana CA Special Tax Revenue 4.000%   9/1/26    500        564
  Fontana CA Special Tax Revenue 5.000%   9/1/26  1,725      1,967
  Fontana CA Special Tax Revenue 4.000%   9/1/27    265        301
  Fontana CA Special Tax Revenue 5.000%   9/1/27  1,810      2,053
  Fontana CA Special Tax Revenue 4.000%   9/1/28    270        309
  Fontana CA Special Tax Revenue 5.000%   9/1/28  1,900      2,145
  Fontana CA Special Tax Revenue 4.000%   9/1/30    280        319
  Fontana CA Special Tax Revenue 4.000%   9/1/32    250        283
  Fontana CA Special Tax Revenue 4.000%   9/1/36    550        616
  Fontana CA Special Tax Revenue 4.000%   9/1/40    625        695
2,4 Foothill-De Anza Community College District GO 0.000%   8/1/32 17,000     14,129
3 Foothill-De Anza Community College District GO 0.000%   8/1/34 12,995     10,242
3 Foothill-De Anza Community College District GO 0.000%   8/1/36  3,245      2,419
2 Foothill-Eastern Transportation Corridor Agency Highway Revenue 0.000%  1/15/21  4,115      4,112
2 Foothill-Eastern Transportation Corridor Agency Highway Revenue 0.000%  1/15/22 12,255     12,159
2 Foothill-Eastern Transportation Corridor Agency Highway Revenue 0.000%  1/15/23 16,430     16,150
2 Foothill-Eastern Transportation Corridor Agency Highway Revenue 0.000%  1/15/24  1,880      1,829
81
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 6.250%  1/15/33  5,000      5,723
  Foothill-Eastern Transportation Corridor Agency Highway Revenue PUT 5.500%  1/15/23 30,380     32,706
2,9 Foothill-Eastern Transportation Corridor Agency Highway Revenue, 5.300% coupon rate effective 1/15/24 0.000%  1/15/29  2,000      2,286
2,9 Foothill-Eastern Transportation Corridor Agency Highway Revenue, 5.500% coupon rate effective 1/15/24 0.000%  1/15/31  1,000      1,202
9 Foothill-Eastern Transportation Corridor Agency Highway Revenue, 5.700% coupon rate effective 1/15/24 0.000%  1/15/25  2,130      2,087
9 Foothill-Eastern Transportation Corridor Agency Highway Revenue, 5.800% coupon rate effective 1/15/24 0.000%  1/15/26  3,000      3,046
9 Foothill-Eastern Transportation Corridor Agency Highway Revenue, 5.900% coupon rate effective 1/15/24 0.000%  1/15/27  5,000      5,230
  Foster City CA GO 4.000%   8/1/32    275        331
  Foster City CA GO 3.000%   8/1/33    500        554
  Foster City CA GO 3.000%   8/1/34    600        661
  Foster City CA GO 3.000%   8/1/35    635        698
  Foster City CA GO 4.000%   8/1/36    600        706
  Foster City CA GO 3.000%   8/1/38    950      1,036
  Foster City CA GO 3.000%   8/1/40    830        899
2 Franklin-Mckinley School District GO 0.000%   8/1/32  3,000      2,351
2 Franklin-Mckinley School District GO 0.000%   8/1/35  1,840      1,312
13 Freddie Mac Multifamily ML Certificates Local or Guaranteed Housing Revenue 3.350% 11/25/33  7,873      9,128
  Fremont CA Unified School District/Alameda County GO 4.000%   8/1/29  1,070      1,206
  Fremont CA Unified School District/Alameda County GO 4.000%   8/1/30  1,415      1,590
  Fremont CA Unified School District/Alameda County GO 4.000%   8/1/31  1,790      2,005
  Fremont CA Unified School District/Alameda County GO 4.000%   8/1/32  2,195      2,449
  Fremont CA Unified School District/Alameda County GO 4.000%   8/1/33  2,630      2,925
  Fremont CA Unified School District/Alameda County GO 4.000%   8/1/34  3,105      3,450
  Fremont CA Unified School District/Alameda County GO 4.000%   8/1/37    570        661
  Fremont Public Financing Authority Lease (Abatement) Revenue 4.000%  10/1/37  2,040      2,468
  Fremont Public Financing Authority Lease (Abatement) Revenue 4.000%  10/1/38  2,945      3,547
  Fremont Unified School District/Alameda County CA GO 4.000%   8/1/38  1,520      1,757
  Fremont Union High School District GO 4.000%   8/1/32  1,000      1,120
  Fremont Union High School District GO 4.000%   8/1/34  2,085      2,329
  Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000%   4/1/21  3,750      3,806
2 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000%   4/1/22    540        572
2 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000%   4/1/23  2,610      2,876
2 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000%   4/1/24  1,710      1,955
2 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000%   4/1/25  1,600      1,889
2 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000%   4/1/26  1,650      2,006
2 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000%   4/1/27  1,315      1,640
2 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000%   4/1/28  1,495      1,852
2 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000%   4/1/29  1,025      1,262
2 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000%   4/1/30    745        913
82
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000%   4/1/31  3,045      3,707
2 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000%   4/1/32  1,500      1,819
2 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000%   4/1/34  2,460      2,955
2 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000%   4/1/36  2,055      2,458
2 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000%   4/1/37  1,200      1,432
  Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 5.000%   4/1/22    225        238
  Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 5.000%   4/1/23    395        435
  Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 5.000%   4/1/24    415        474
2 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 5.000%   4/1/25    435        513
2 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 5.000%   4/1/26    455        553
2 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 5.000%   4/1/27    380        474
2 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 5.000%   4/1/28    400        509
2 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 5.000%   4/1/29    400        517
2 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 5.000%   4/1/30    430        564
2 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 5.000%   4/1/31    455        592
2 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 5.000%   4/1/32    485        627
2 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 5.000%   4/1/33    500        643
2 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 4.000%   4/1/34    500        591
2 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 4.000%   4/1/35    550        647
2 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 4.000%   4/1/36    555        650
2 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 4.000%   4/1/37    655        765
2 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 4.000%   4/1/38    585        681
2 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 4.000%   4/1/39    620        720
2 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 4.000%   4/1/40    550        638
  Fresno Unified School District GO 4.000%   8/1/28    350        439
  Fresno Unified School District GO 4.000%   8/1/29    550        682
  Fresno Unified School District GO 4.000%   8/1/30    570        703
  Fresno Unified School District GO 4.000%   8/1/31    485        595
  Fresno Unified School District GO 4.000%   8/1/32    385        470
  Fresno Unified School District GO 4.000%   8/1/33    565        684
  Fresno Unified School District GO 4.000%   8/1/34    450        544
  Fresno Unified School District GO 3.000%   8/1/35    985      1,089
  Fresno Unified School District GO 3.000%   8/1/37  1,125      1,232
  Fresno Unified School District GO 3.000%   8/1/38  1,260      1,376
83
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Fresno Unified School District GO 3.000%   8/1/40  1,780      1,929
  Fullerton Community Facilities District No. 1 Special Tax Revenue 5.000%   9/1/26  1,000      1,081
  Fullerton Community Facilities District No. 1 Special Tax Revenue 5.000%   9/1/32  1,600      1,718
1 Fullerton Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   9/1/25  1,500      1,745
1 Fullerton Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   9/1/26  3,260      3,884
1 Fullerton Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   9/1/27  3,225      3,920
  Garden Grove Unified School District GO, Prere. 5.000%   8/1/23  3,650      4,115
  Gavilan Joint Community College District GO 5.000%   8/1/32  4,200      5,050
  Gavilan Joint Community College District GO 3.000%   8/1/37  1,000      1,091
  Gavilan Joint Community College District GO 3.000%   8/1/38  1,365      1,482
  Gavilan Joint Community College District GO 3.000%   8/1/39  1,480      1,600
  Gavilan Joint Community College District GO 3.000%   8/1/40  1,605      1,726
  Gilroy School Facilities Financing Authority Miscellaneous Revenue, Prere. 5.000%   8/1/23  2,400      2,706
  Glendale CA Community College District GO 0.000%   8/1/24    235        229
  Glendale CA Community College District GO 0.000%   8/1/25    365        351
  Glendale CA Community College District GO 0.000%   8/1/26    360        340
  Glendale CA Community College District GO 0.000%   8/1/27    515        477
  Glendale CA Community College District GO 0.000%   8/1/28    780        706
  Glendale CA Community College District GO 0.000%   8/1/29    570        501
  Glendale CA Community College District GO 0.000%   8/1/30    910        777
  Glendale CA Community College District GO 0.000%   8/1/31    900        739
  Glendale CA Community College District GO 0.000%   8/1/32  1,005        794
  Glendale CA Electric Electric Power & Light Revenue 5.000%   2/1/35  1,200      1,424
  Glendale CA Unified School District GO, Prere. 4.000%   9/1/24  6,345      7,237
  Glendale CA Unified School District GO, Prere. 4.000%   9/1/24 14,310     16,322
1 Glendale Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  12/1/22  1,575      1,687
1 Glendale Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  12/1/23  2,340      2,587
1 Glendale Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  12/1/24  1,605      1,894
6,7 Golden State Tobacco Securitization Corp. California Revenue TOB VRDO 0.210%  12/3/20 36,795     36,795
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/21    555        568
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/21  1,000      1,024
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/21  2,785      2,852
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/21  5,875      6,014
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/22  3,670      3,930
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/22 10,075     10,792
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/23  8,000      8,933
3 Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 0.000%   6/1/24  4,800      4,667
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/24 11,505     13,324
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/25  8,570     10,220
84
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 0.000%   6/1/26  1,500      1,430
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/26 22,160     27,142
3 Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 0.000%   6/1/27 10,745      9,984
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/27 19,810     24,868
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/28  4,285      5,336
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/29  9,575     10,595
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/29  9,545     11,785
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/30  4,765      5,262
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/30 19,835     24,932
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 4.000%   6/1/31  5,140      5,831
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/32  3,260      3,845
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/32  4,605      5,725
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/33  9,455     11,119
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/33  6,195      7,663
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/34 11,200     13,151
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 4.000%   6/1/35  1,170      1,315
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/35  3,640      4,268
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/40    415        483
2 Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/40  2,325      2,731
  Grossmont Healthcare District GO 4.000%  7/15/40 40,000     44,693
  Grossmont Union High School District GO 5.000%   8/1/22  1,275      1,377
2 Grossmont Union High School District GO 0.000%   2/1/25  1,400      1,369
2 Grossmont Union High School District GO 0.000%   8/1/26  2,040      1,868
  Grossmont Union High School District GO 0.000%   8/1/27  2,345      2,210
2 Grossmont Union High School District GO 0.000%   8/1/27  2,825      2,466
  Grossmont Union High School District GO 0.000%   8/1/28  3,210      2,964
2 Grossmont Union High School District GO 0.000%   8/1/28  2,905      2,408
  Grossmont Union High School District GO 0.000%   8/1/29  6,965      6,281
4 Grossmont Union High School District GO 0.000%   8/1/30 20,695     18,198
  Grossmont Union High School District GO 4.000%   8/1/33 10,000     11,434
11 Grossmont-Cuyamaca Community College District GO 0.000%   8/1/25 14,010     13,660
11 Grossmont-Cuyamaca Community College District GO 0.000%   8/1/28 21,875     20,263
  Grossmont-Cuyamaca Community College District GO 5.000%   8/1/34    505        650
  Grossmont-Cuyamaca Community College District GO 5.000%   8/1/35    500        641
  Grossmont-Cuyamaca Community College District GO 5.000%   8/1/36  1,150      1,471
  Grossmont-Cuyamaca Community College District GO 5.000%   8/1/37  1,175      1,499
  Grossmont-Cuyamaca Community College District GO 5.000%   8/1/38  1,350      1,718
2 Hanford Joint Union High School District GO 5.000%   8/1/26  1,420      1,711
85
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Hanford Joint Union High School District GO 5.000%   8/1/28  2,575      3,092
2 Hanford Joint Union High School District GO 5.000%   8/1/29  2,390      2,864
2 Hanford Joint Union High School District GO 5.000%   8/1/31  2,385      2,846
  Hartnell CA Community College District GO 5.000%   8/1/21    525        542
  Hartnell CA Community College District GO 5.000%   8/1/22    525        567
  Hartnell CA Community College District GO 4.000%   8/1/37    600        717
  Hartnell CA Community College District GO 3.000%   8/1/38    380        416
  Hartnell CA Community College District GO 3.000%   8/1/39    500        547
  Hartnell CA Community College District GO 3.000%   8/1/40    525        571
  Hayward Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/27  2,000      2,446
  Hayward Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/33  1,205      1,439
2 Hayward Unified School District GO 0.000%   8/1/26    640        610
2 Hayward Unified School District GO 5.000%   8/1/33    850      1,121
2 Hayward Unified School District GO 0.000%   8/1/34    150        117
1 Hayward Unified School District GO 4.000%   8/1/35  1,830      2,197
2 Hayward Unified School District GO 4.000%   8/1/35  2,600      3,179
1 Hayward Unified School District GO 4.000%   8/1/36  1,535      1,835
2 Hayward Unified School District GO 4.000%   8/1/36    995      1,212
1 Hayward Unified School District GO 4.000%   8/1/37  1,355      1,615
2 Hayward Unified School District GO 4.000%   8/1/37    800        972
1 Hayward Unified School District GO 4.000%   8/1/38  1,640      1,950
2 Hayward Unified School District GO 4.000%   8/1/38  1,540      1,865
2 Hayward Unified School District GO 4.000%   8/1/39  3,995      4,829
2 Hayward Unified School District GO 4.000%   8/1/40  4,435      5,348
2 Hayward Unified School District GO, Prere. 5.000%   8/1/24  3,465      4,061
2 Hayward Unified School District GO, Prere. 5.000%   8/1/24  4,240      4,969
2 Hayward Unified School District GO, Prere. 5.000%   8/1/24  3,045      3,569
2 Hayward Unified School District GO, Prere. 5.000%   8/1/24  4,930      5,778
2 Hayward Unified School District GO, Prere. 5.000%   8/1/24  1,500      1,758
2 Hayward Unified School District GO, Prere. 5.000%   8/1/24  1,700      1,992
2 Hayward Unified School District GO, Prere. 5.000%   8/1/24  6,130      7,184
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/21    175        180
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/22    500        534
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/23    500        554
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/24    615        704
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/25    385        448
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/27    950      1,096
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/29  1,255      1,434
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/32    550        621
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/33    580        654
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/34    360        405
1 Hollister Redevelopment Agency Successor Agency Tax Allocation Revenue (Hollister Community Development Project) 5.000%  10/1/27  1,000      1,164
86
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Hollister Redevelopment Agency Successor Agency Tax Allocation Revenue (Hollister Community Development Project) 5.000%  10/1/28  1,235      1,435
4 Huntington Beach Union High School District GO 0.000%   8/1/33    625        499
2,14 Huntington Beach Union High School District GO 0.000%   8/1/34    720        562
1 Imperial Community College District GO 0.000%   8/1/22    175        174
1 Imperial Community College District GO 0.000%   8/1/23    250        246
1 Imperial Community College District GO 0.000%   8/1/24    500        487
1 Imperial Community College District GO 0.000%   8/1/25    725        698
1 Imperial Community College District GO 0.000%   8/1/26  1,005        953
1 Imperial Community College District GO 0.000%   8/1/27  1,580      1,446
1 Imperial Community College District GO 0.000%   8/1/28  1,885      1,657
1 Imperial Community College District GO 0.000%   8/1/29  2,000      1,683
4 Imperial Community College District GO 0.000%   8/1/30    330        283
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/21  1,000      1,044
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/22    525        573
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/22  1,250      1,364
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/25  1,310      1,611
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/26  2,265      2,871
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/27    500        624
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/28    615        766
  Imperial Irrigation District Electric System Electric Power & Light Revenue 4.000%  11/1/32  2,500      2,977
  Imperial Irrigation District Electric System Electric Power & Light Revenue 4.000%  11/1/33  3,000      3,560
2 Indian Wells Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/21  1,615      1,673
2 Indian Wells Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/22  1,195      1,290
2 Indian Wells Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/23    750        843
2 Indian Wells Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/24    715        836
1 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/21    515        525
1 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/22    405        431
1 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/23  1,130      1,254
1 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/25  1,600      1,917
1 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/27    500        635
1 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/29  1,215      1,508
1 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/30  1,000      1,235
1 Inglewood Unified School District GO 4.000%   8/1/22  1,100      1,165
1 Inglewood Unified School District GO 4.000%   8/1/23    450        492
1 Inglewood Unified School District GO 4.000%   8/1/24    250        282
1 Inglewood Unified School District GO 4.000%   8/1/25    300        349
87
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Inglewood Unified School District GO 4.000%   8/1/27    250        303
1 Inglewood Unified School District GO 5.000%   8/1/28    325        412
1 Inglewood Unified School District GO 5.000%   8/1/29    350        440
1 Inglewood Unified School District GO 5.000%   8/1/30    400        500
1 Inglewood Unified School District GO 5.000%   8/1/33    500        615
1 Inglewood Unified School District GO 5.000%   8/1/34    600        737
1 Inglewood Unified School District GO 4.000%   8/1/35    500        581
1 Inglewood Unified School District GO 4.000%   8/1/37    260        301
1 Inglewood Unified School District GO 4.000%   8/1/38    505        583
1 Inglewood Unified School District GO 4.000%   8/1/39    750        864
  Irvine CA 4.000%   9/2/21  1,750      1,800
  Irvine CA 5.000%   9/2/21    675        697
  Irvine CA 4.000%   9/2/22    220        235
  Irvine CA 5.000%   9/2/22  1,125      1,215
  Irvine CA 5.000%   9/2/22    650        699
  Irvine CA 5.000%   9/2/22  1,000      1,079
  Irvine CA 5.000%   9/2/23    200        226
  Irvine CA 5.000%   9/2/23    400        431
  Irvine CA 5.000%   9/2/23    800        894
  Irvine CA 5.000%   9/2/24    200        235
  Irvine CA 5.000%   9/2/24    850        985
  Irvine CA 5.000%   9/2/25    250        305
  Irvine CA 5.000%   9/2/25    450        540
  Irvine CA 5.000%   9/2/26    300        378
  Irvine CA 5.000%   9/2/26    800        955
  Irvine CA 5.000%   9/2/27    375        486
  Irvine CA 5.000%   9/2/28    520        690
  Irvine CA 5.000%   9/2/29    500        678
  Irvine CA 5.000%   9/2/30    330        442
6,7 Irvine CA VRDO 0.070%  12/1/20 10,730     10,730
  Irvine Ranch Water District 5.000%   2/1/33  1,000      1,239
  Irvine Ranch Water District 5.000%   2/1/34  2,000      2,475
  Irvine Ranch Water District 5.000%   2/1/35  2,500      3,087
  Irvine Ranch Water District 5.000%   2/1/36  2,665      3,282
  Irvine Ranch Water District COP 5.000%   3/1/32  3,640      4,519
  Irvine Ranch Water District COP 5.000%   3/1/33  2,790      3,451
  Irvine Ranch Water District COP 5.000%   3/1/34  1,300      1,603
  Irvine Ranch Water District COP 5.000%   3/1/36  1,000      1,226
7 Irvine Ranch Water District VRDO 0.070%  12/1/20  7,400      7,400
7 Irvine Ranch Water District VRDO 0.070%  12/1/20    700        700
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/21  1,500      1,548
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/23  1,150      1,284
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/24  1,225      1,417
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/26  1,300      1,600
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/27    150        189
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/28    525        655
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/29    360        472
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/30    385        476
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/30    200        261
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/31    200        246
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/31    350        454
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/32    450        550
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/32    525        642
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/33  1,090      1,324
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/33    250        304
88
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/33    410        525
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/35    510        616
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/35    250        318
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/36    350        422
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/36    265        335
  Irvine Unified School District Special Tax Revenue 4.000%   9/1/37    565        655
  Irvine Unified School District Special Tax Revenue 4.000%   9/1/38    275        318
  Irvine Unified School District Special Tax Revenue 4.000%   9/1/39    250        288
1 Jefferson Union High School District COP 4.000%   8/1/23    150        163
1 Jefferson Union High School District COP 4.000%   8/1/29     90        110
1 Jefferson Union High School District COP 4.000%   8/1/30    100        124
1 Jefferson Union High School District COP 4.000%   8/1/31    150        185
1 Jefferson Union High School District COP 4.000%   8/1/32    100        122
1 Jefferson Union High School District COP 4.000%   8/1/33    150        183
1 Jefferson Union High School District COP 4.000%   8/1/34    100        121
1 Jefferson Union High School District COP 4.000%   8/1/35    355        429
1 Jefferson Union High School District COP 4.000%   8/1/36    640        770
1 Jefferson Union High School District COP 4.000%   8/1/40  1,000      1,184
1 Jefferson Union High School District GO 5.000%   8/1/21    500        516
1 Jefferson Union High School District GO 5.000%   8/1/22    700        756
1 Jefferson Union High School District GO 5.000%   8/1/24    875      1,030
  Jefferson Union High School District GO 4.000%   8/1/33    200        242
  Jefferson Union High School District GO 4.000%   8/1/34    125        150
  Jefferson Union High School District GO 3.000%   8/1/35    150        164
  Jefferson Union High School District GO 3.000%   8/1/36    250        273
  Jefferson Union High School District GO 3.000%   8/1/37    275        300
  Jefferson Union High School District GO 4.000%   8/1/38    365        431
  Jefferson Union High School District GO 4.000%   8/1/39    400        471
  Jefferson Union High School District GO 4.000%   8/1/40    300        353
  Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/21    500        517
1 Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/21    500        517
  Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/22  1,535      1,656
1 Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/22    800        862
  Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/23  1,365      1,532
1 Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/23    725        813
  Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/24    620        722
1 Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/24    790        919
  Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/25  1,725      2,082
1 Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/25    370        446
1 Jurupa Public Financing Authority Special Tax Revenue 4.000%   9/1/26  1,000      1,181
1 Jurupa Public Financing Authority Special Tax Revenue 4.000%   9/1/28  1,690      2,050
1 Jurupa Public Financing Authority Special Tax Revenue 4.000%   9/1/30  1,815      2,262
1 Jurupa Public Financing Authority Special Tax Revenue 4.000%   9/1/37    605        719
  Kaweah Delta Health Care District Guild Health, Hospital, Nursing Home Revenue 5.000%   6/1/21  3,755      3,834
  Kaweah Delta Health Care District Guild Health, Hospital, Nursing Home Revenue 5.000%   6/1/22  3,950      4,198
  Kaweah Delta Health Care District Guild Health, Hospital, Nursing Home Revenue 4.000%   6/1/36  4,930      5,397
4 Kern Community College District GO 0.000%  11/1/27  7,375      6,859
  Kern Community College District GO 4.000%   8/1/28    290        363
  Kern Community College District GO 4.000%   8/1/29    340        432
  Kern Community College District GO 4.000%   8/1/30    375        484
  Kern Community College District GO 4.000%   8/1/31    520        663
  Kern Community College District GO 4.000%   8/1/32    445        562
  Kern Community College District GO 4.000%   8/1/33    635        794
89
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Kern Community College District GO 4.000%   8/1/34    750        931
  Kern Community College District GO 4.000%   8/1/35    850      1,051
  La Canada Unified School District GO 4.000%   8/1/22    275        293
  La Canada Unified School District GO 4.000%   8/1/33    510        624
  La Canada Unified School District GO 4.000%   8/1/38  1,030      1,233
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas) 5.000%   9/1/23    750        842
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas) 5.000%   9/1/24  1,250      1,403
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas) 5.000%   9/1/25  1,250      1,403
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas) 5.000%   9/1/28  1,000      1,158
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas) 5.000%   9/1/29  1,000      1,154
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas) 5.000%   9/1/30  1,500      1,667
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas) 5.000%   9/1/31  6,595      7,328
2 La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas) 5.000%   9/1/32  5,200      5,794
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas) 5.000%   9/1/32  1,515      1,742
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas) 5.000%   9/1/34  1,050      1,206
  La Verne CA COP, Prere. 5.000%  5/15/22    300        324
  La Verne CA COP, Prere. 5.000%  5/15/22    310        334
  La Verne CA COP, Prere. 5.000%  5/15/22    550        593
  La Verne CA COP, Prere. 5.000%  5/15/22    750        809
  Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 4.000%   8/1/21    690        707
  Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/22    590        630
2 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/23    435        488
2 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/24    435        507
2 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/25    600        725
2 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 4.000%   8/1/26  1,355      1,612
2 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 4.000%   8/1/27  2,100      2,463
2 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 4.000%   8/1/28  1,850      2,158
2 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/29    890      1,079
2 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/30  1,000      1,207
2 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/33  1,200      1,430
  Lee Lake Public Financing Authority Special Tax Revenue 5.000%   9/1/21  1,810      1,874
  Lee Lake Public Financing Authority Special Tax Revenue 5.000%   9/1/23  2,190      2,451
  Liberty Union High School District GO 4.000%   8/1/30    750        909
  Liberty Union High School District GO 4.000%   8/1/31    565        680
  Liberty Union High School District GO 4.000%   8/1/32    250        305
  Liberty Union High School District GO 3.000%   8/1/35    670        748
  Liberty Union High School District GO 3.000%   8/1/36    750        834
90
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Liberty Union High School District GO 3.000%   8/1/37    825        915
  Liberty Union High School District GO 3.000%   8/1/38    900        993
  Liberty Union High School District GO 3.000%   8/1/39  1,000      1,101
  Liberty Union High School District GO 3.000%   8/1/40  1,000      1,096
  Liberty Union High School District GO 3.000%   8/1/41  1,670      1,825
  Lincoln CA Special Tax Revenue 4.000%   9/1/21    650        668
  Lincoln CA Special Tax Revenue 4.000%   9/1/22    450        479
  Lincoln CA Special Tax Revenue 4.000%   9/1/23    450        495
  Lincoln CA Special Tax Revenue 4.000%   9/1/24    600        680
  Lincoln CA Special Tax Revenue 5.000%   9/1/25    550        666
2 Lincoln CA Special Tax Revenue 5.000%   9/1/26  1,000      1,241
2 Lincoln CA Special Tax Revenue 5.000%   9/1/27  1,025      1,303
2 Lincoln CA Special Tax Revenue 5.000%   9/1/28  1,270      1,646
2 Lincoln CA Special Tax Revenue 5.000%   9/1/29  2,540      3,266
2 Lincoln CA Special Tax Revenue 5.000%   9/1/30  3,300      4,194
2 Lincoln CA Special Tax Revenue 5.000%   9/1/31  3,415      4,293
2 Lincoln CA Special Tax Revenue 3.125%   9/1/33  2,495      2,729
2 Lincoln CA Special Tax Revenue 5.000%   9/1/33  1,625      2,016
2 Lincoln CA Special Tax Revenue 3.250%   9/1/34  1,375      1,508
  Livermore Valley CA Joint Unified School District GO 5.000%   8/1/21  1,000      1,031
  Livermore Valley CA Joint Unified School District GO 5.000%   8/1/22  1,075      1,162
  Livermore Valley CA Joint Unified School District GO 5.000%   8/1/24  1,240      1,453
  Livermore Valley CA Joint Unified School District GO 5.000%   8/1/25  1,180      1,437
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/30    435        512
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/32    350        409
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/34    650        754
  Livermore Valley Water Financing Authority Lease Revenue 5.000%   7/1/29    500        641
  Livermore Valley Water Financing Authority Lease Revenue 5.000%   7/1/31    575        729
  Livermore Valley Water Financing Authority Lease Revenue 5.000%   7/1/32    720        907
  Livermore Valley Water Financing Authority Lease Revenue 5.000%   7/1/33    700        874
  Livermore Valley Water Financing Authority Lease Revenue 5.000%   7/1/35    600        744
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 4.000%   8/1/33    670        810
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/37  1,000      1,091
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/38  1,250      1,356
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/40  1,175      1,265
  Lodi CA Unified School District GO 4.000%   8/1/37  2,700      3,169
2 Lodi Public Financing Authority Lease (Non-Terminable) Revenue 5.000%   9/1/22  1,000      1,084
2 Lodi Public Financing Authority Lease (Non-Terminable) Revenue 5.000%   9/1/25  1,335      1,640
2 Lodi Public Financing Authority Lease (Non-Terminable) Revenue 5.000%   9/1/28  1,330      1,781
2 Lodi Public Financing Authority Lease (Non-Terminable) Revenue 5.000%   9/1/29    700        926
  Long Beach Bond Finance Authority Natural Gas Revenue 5.250% 11/15/21    500        522
  Long Beach Bond Finance Authority Natural Gas Revenue 5.250% 11/15/22    260        284
  Long Beach Bond Finance Authority Natural Gas Revenue 5.000% 11/15/24  8,060      9,426
  Long Beach Bond Finance Authority Natural Gas Revenue 5.500% 11/15/30  1,725      2,335
  Long Beach Bond Finance Authority Natural Gas Revenue 5.500% 11/15/32  3,345      4,667
  Long Beach Bond Finance Authority Natural Gas Revenue 5.000% 11/15/35  1,185      1,655
  Long Beach Bond Finance Authority Natural Gas Revenue 5.500% 11/15/37  8,450     12,661
8 Long Beach Bond Finance Authority Natural Gas Revenue, 67% of 3M USD LIBOR + 1.410% 1.559% 11/15/25 16,845     17,159
8 Long Beach Bond Finance Authority Natural Gas Revenue, 67% of 3M USD LIBOR + 1.430% 1.579% 11/15/26 10,025     10,208
  Long Beach CA Harbor Appropriations Revenue 5.000%  5/15/33  1,020      1,193
91
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Long Beach CA Harbor Appropriations Revenue 5.000%  5/15/34  2,000      2,336
  Long Beach CA Harbor Appropriations Revenue 5.000%  5/15/35  2,825      3,297
  Long Beach CA Harbor Port, Airport & Marina Revenue 5.000%  5/15/38  1,225      1,554
2 Long Beach Community College District GO 0.000%   6/1/29  5,420      4,876
  Long Beach Community College District GO 4.000%   8/1/31  1,230      1,493
  Long Beach Community College District GO 4.000%   8/1/33    760        908
  Long Beach Community College District GO 4.000%   8/1/33    400        489
  Long Beach Community College District GO 4.000%   8/1/34    600        712
  Long Beach Community College District GO 4.000%   8/1/35    670        809
  Long Beach Community College District GO 3.000%   8/1/36  1,380      1,516
  Long Beach Community College District GO 3.000%   8/1/37  2,860      3,134
  Long Beach Community College District GO 3.000%   8/1/38  3,160      3,454
  Long Beach Community College District GO 3.000%   8/1/39  3,395      3,703
2 Long Beach Community College District GO, ETM 0.000%   6/1/29    960        876
11 Long Beach Unified School District GO 0.000%   8/1/25  1,595      1,540
11 Long Beach Unified School District GO 0.000%   8/1/26  1,450      1,379
  Long Beach Unified School District GO 0.000%   8/1/27  2,500      2,199
  Long Beach Unified School District GO 4.000%   8/1/32  1,000      1,259
  Long Beach Unified School District GO 3.000%   8/1/34    550        619
  Long Beach Unified School District GO 3.000%   8/1/35  1,140      1,280
  Long Beach Unified School District GO 3.000%   8/1/36  2,080      2,317
  Long Beach Unified School District GO 3.000%   8/1/39  2,840      3,129
  Long Beach Unified School District GO 3.000%   8/1/40  3,105      3,407
  Los Alamitos Unified School District GO 3.000%   8/1/36  1,145      1,262
  Los Alamitos Unified School District GO 3.000%   8/1/37  1,260      1,384
  Los Angeles CA Community College District GO 4.000%   8/1/21    555        569
  Los Angeles CA Community College District GO 5.000%   8/1/22  3,155      3,410
  Los Angeles CA Community College District GO 4.000%   8/1/23  1,000      1,101
  Los Angeles CA Community College District GO 4.000%   8/1/23  6,145      6,765
  Los Angeles CA Community College District GO 4.000%   8/1/24 14,500     16,493
  Los Angeles CA Community College District GO 4.000%   8/1/24  4,075      4,635
  Los Angeles CA Community College District GO 4.000%   8/1/24  4,320      4,914
  Los Angeles CA Community College District GO 4.000%   8/1/24  5,205      5,921
  Los Angeles CA Community College District GO 5.000%   8/1/24 37,345     43,840
  Los Angeles CA Community College District GO 5.000%   8/1/24 37,455     43,970
  Los Angeles CA Community College District GO 5.000%   8/1/25     25         31
  Los Angeles CA Community College District GO 4.000%   8/1/31  8,575     10,388
  Los Angeles CA Community College District GO 4.000%   8/1/33  1,925      2,299
  Los Angeles CA Community College District GO 4.000%   8/1/34  3,500      4,155
  Los Angeles CA Community College District GO 4.000%   8/1/35  4,000      4,738
  Los Angeles CA Community College District GO 4.000%   8/1/35 14,160     16,538
  Los Angeles CA Community College District GO 4.000%   8/1/36  4,915      5,782
  Los Angeles CA Community College District GO 4.000%   8/1/36 10,010     11,675
  Los Angeles CA Community College District GO 5.000%   8/1/36  8,850     10,780
  Los Angeles CA Community College District GO 4.000%   8/1/37  1,025      1,194
  Los Angeles CA Community College District GO 4.000%   8/1/37 10,000     11,645
  Los Angeles CA Community College District GO 4.000%   8/1/37  6,515      7,646
  Los Angeles CA Community College District GO 4.000%   8/1/38 24,360     28,329
  Los Angeles CA Community College District GO 3.000%   8/1/39    200        215
  Los Angeles CA Community College District GO 4.000%   8/1/39  9,000     10,440
  Los Angeles CA Community College District GO, Prere. 4.000%   8/1/23 10,000     11,009
  Los Angeles CA Community College District GO, Prere. 4.000%   8/1/24 19,225     21,868
  Los Angeles CA Community College District GO, Prere. 5.000%   8/1/24 12,860     15,097
  Los Angeles CA Community College District GO, Prere. 5.000%   8/1/24  8,840     10,378
92
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
6,7 Los Angeles CA Department of Water & Power Revenue TOB VRDO 0.260%  12/3/20  7,250      7,250
  Los Angeles CA GO 5.000%   9/1/22 10,010     10,372
1 Los Angeles CA Unified School District COP 5.000%  10/1/29    425        560
1 Los Angeles CA Unified School District COP 5.000%  10/1/31  1,405      1,909
1 Los Angeles CA Unified School District COP 4.000%  10/1/33    520        640
  Los Angeles CA Unified School District GO 4.000%   7/1/21  1,000      1,022
  Los Angeles CA Unified School District GO 5.000%   7/1/21  8,750      8,994
  Los Angeles CA Unified School District GO 5.000%   7/1/21  2,940      3,022
  Los Angeles CA Unified School District GO 3.000%   7/1/22  1,595      1,664
  Los Angeles CA Unified School District GO 4.000%   7/1/22  1,100      1,165
  Los Angeles CA Unified School District GO 5.000%   7/1/22 13,000     13,969
  Los Angeles CA Unified School District GO 3.000%   7/1/23  1,550      1,658
  Los Angeles CA Unified School District GO 5.000%   7/1/23  3,860      4,329
  Los Angeles CA Unified School District GO 5.000%   7/1/23  7,185      8,057
  Los Angeles CA Unified School District GO 5.000%   7/1/23  6,905      7,743
  Los Angeles CA Unified School District GO 5.000%   7/1/23  7,275      8,158
  Los Angeles CA Unified School District GO 4.000%   7/1/24  9,000     10,182
  Los Angeles CA Unified School District GO 5.000%   7/1/24  4,010      4,121
  Los Angeles CA Unified School District GO 5.000%   7/1/24 17,285     20,184
  Los Angeles CA Unified School District GO 5.000%   7/1/24  4,000      4,671
  Los Angeles CA Unified School District GO 5.000%   7/1/24  2,810      3,281
  Los Angeles CA Unified School District GO 5.000%   7/1/24  3,430      3,525
  Los Angeles CA Unified School District GO 5.000%   7/1/24 11,000     12,845
  Los Angeles CA Unified School District GO 5.000%   7/1/24 13,105     15,303
  Los Angeles CA Unified School District GO 5.000%   7/1/25  6,010      6,177
  Los Angeles CA Unified School District GO 5.000%   7/1/25 21,505     26,076
  Los Angeles CA Unified School District GO 5.000%   7/1/25    505        589
  Los Angeles CA Unified School District GO 5.000%   7/1/25  1,510      1,762
  Los Angeles CA Unified School District GO 5.000%   7/1/26 16,270     20,389
  Los Angeles CA Unified School District GO 5.000%   7/1/26  2,500      2,569
  Los Angeles CA Unified School District GO 5.000%   7/1/26 25,875     32,426
  Los Angeles CA Unified School District GO 5.000%   7/1/27  8,375      8,989
  Los Angeles CA Unified School District GO 5.000%   7/1/27  3,300      4,250
  Los Angeles CA Unified School District GO 5.000%   1/1/28  8,395      9,009
  Los Angeles CA Unified School District GO 4.000%   7/1/28  3,000      3,737
  Los Angeles CA Unified School District GO 5.000%   7/1/28  2,600      2,672
  Los Angeles CA Unified School District GO 5.000%   7/1/28 34,670     40,270
  Los Angeles CA Unified School District GO 5.000%   7/1/28  5,000      6,597
  Los Angeles CA Unified School District GO 5.000%   7/1/28  5,000      6,597
  Los Angeles CA Unified School District GO 5.000%   7/1/29 34,760     40,280
  Los Angeles CA Unified School District GO 5.000%   7/1/29  1,500      2,025
  Los Angeles CA Unified School District GO 5.000%   7/1/30  9,900     13,274
  Los Angeles CA Unified School District GO 5.000%   7/1/30  1,985      2,382
  Los Angeles CA Unified School District GO 5.000%   7/1/30  1,150      1,415
  Los Angeles CA Unified School District GO 5.000%   7/1/30 24,615     28,476
  Los Angeles CA Unified School District GO 4.000%   7/1/31 27,985     35,212
1 Los Angeles CA Unified School District GO 5.000%   7/1/31 15,775     20,232
  Los Angeles CA Unified School District GO 5.000%   7/1/31  4,435      6,039
  Los Angeles CA Unified School District GO 4.000%   7/1/32  7,950      9,938
1 Los Angeles CA Unified School District GO 5.000%   7/1/32  3,000      3,827
  Los Angeles CA Unified School District GO 4.000%   7/1/33  2,130      2,411
  Los Angeles CA Unified School District GO 4.000%   7/1/33  5,300      6,589
1 Los Angeles CA Unified School District GO 5.000%   7/1/33  5,080      6,453
  Los Angeles CA Unified School District GO 5.000%   7/1/33  5,000      6,729
93
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles CA Unified School District GO 3.000%   1/1/34 17,750     19,754
1 Los Angeles CA Unified School District GO 5.000%   7/1/34 10,000     12,674
  Los Angeles CA Unified School District GO 3.000%   7/1/35  2,600      2,914
  Los Angeles CA Unified School District GO 4.000%   7/1/35  5,575      6,891
1 Los Angeles CA Unified School District GO 5.000%   7/1/35 10,000     12,646
  Los Angeles CA Unified School District GO 4.000%   7/1/36  3,400      4,176
1 Los Angeles CA Unified School District GO 5.000%   7/1/36  5,600      7,066
  Los Angeles CA Unified School District GO 4.000%   7/1/37  6,190      7,578
  Los Angeles CA Unified School District GO 4.000%   7/1/37  7,500      9,181
1 Los Angeles CA Unified School District GO 5.000%   7/1/37  5,870      7,388
  Los Angeles CA Unified School District GO 4.000%   7/1/38  3,925      4,783
  Los Angeles CA Unified School District GO 4.000%   7/1/38  7,285      8,877
1 Los Angeles CA Unified School District GO 5.000%   7/1/38  5,120      6,430
  Los Angeles CA Unified School District GO 4.000%   7/1/39  4,000      4,862
  Los Angeles CA Unified School District GO 4.000%   7/1/39  6,200      7,537
  Los Angeles CA Unified School District GO 4.000%   7/1/40  2,275      2,758
  Los Angeles CA Unified School District GO 4.000%   7/1/40  4,100      4,971
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/21  2,110      2,161
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/22  2,750      2,949
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/26 13,090     14,013
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/29 10,000     10,696
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/31  5,420      6,011
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/32 10,880     12,053
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/33 16,925     18,749
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/33  5,000      5,972
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/33  1,525      1,822
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/33  4,500      5,375
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/34  5,000      5,536
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/34  2,385      3,005
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/35  4,500      4,979
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/35  2,840      3,571
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/35  2,985      3,753
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/36  3,000      3,762
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/36  6,250      7,838
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/37  7,000      8,758
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/37  3,675      4,598
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/37  4,065      5,227
  Los Angeles Community Facilities District Special Tax Revenue 5.000%   9/1/23    855        962
  Los Angeles Community Facilities District Special Tax Revenue 5.000%   9/1/24  2,015      2,355
  Los Angeles Community Facilities District Special Tax Revenue 5.000%   9/1/25  1,475      1,726
  Los Angeles Community Facilities District Special Tax Revenue 5.000%   9/1/26  1,185      1,388
  Los Angeles Community Facilities District Special Tax Revenue 5.000%   9/1/27  1,965      2,298
  Los Angeles County Facilities Inc. Lease (Abatement) Revenue 5.000%  12/1/36  1,450      1,832
  Los Angeles County Facilities Inc. Lease (Abatement) Revenue 5.000%  12/1/37  1,335      1,683
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/22  2,895      3,114
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/24  4,000      4,680
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/24  1,255      1,349
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/25  6,065      7,382
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/27  5,000      6,465
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/28  5,000      6,639
94
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/29  5,000      6,781
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/30  5,000      6,931
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/31  1,600      2,252
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   7/1/31  7,825      8,720
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/32  5,700      7,799
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/32  4,690      6,693
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   7/1/32  8,140      9,047
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/33  7,000      9,524
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/33  3,300      4,171
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   7/1/33  8,465      9,380
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/33  5,000      6,331
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/33  8,585      9,564
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/34  6,540      7,547
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/34  5,000      6,783
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/34  7,750      9,781
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/34  5,000      6,326
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/34  8,985     10,002
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/35  1,500      1,874
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/35 10,070     12,336
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/35  3,000      4,059
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/35  5,000      6,306
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/36  1,500      1,864
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/36 10,000     12,238
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/36  3,000      4,037
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/36  5,000      6,278
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/36 21,145     26,548
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/37  4,000      4,955
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/37  1,350      1,811
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/37  6,190      7,940
95
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/38    890      1,111
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/38  6,275      8,030
  Los Angeles County Metropolitan Transportation Authority Transit Revenue 5.000%   7/1/25  1,055      1,284
  Los Angeles County Metropolitan Transportation Authority Transit Revenue 5.000%   7/1/26  2,000      2,429
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/21  2,440      2,551
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/22  1,275      1,389
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/24  1,325      1,562
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/25    970      1,188
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/26  2,870      3,623
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/28  4,485      5,947
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/30  1,000      1,348
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/30    780      1,051
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/30  5,590      7,727
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/31  1,700      2,280
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/31    820      1,100
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/31  6,345      8,722
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/32    865      1,152
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/33  6,190      7,392
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/33  2,000      2,649
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/33    910      1,205
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/34  2,000      2,645
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/34    955      1,263
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/35  2,000      2,636
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/35  1,005      1,324
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/36  3,000      3,694
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/36  2,090      2,745
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/36  1,055      1,385
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/37  3,745      4,904
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/37  1,110      1,454
96
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%  12/1/38  2,970      3,635
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/38  3,925      5,126
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/38  1,165      1,522
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/39  4,345      5,664
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/39  1,225      1,597
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/40  8,770     11,384
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/40  1,290      1,675
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects II) 5.000%   8/1/22  1,155      1,246
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects II) 5.000%   8/1/23  1,500      1,618
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects II) 5.000%   8/1/24  1,515      1,634
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects II) 5.000%   8/1/25  1,325      1,429
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects II) 5.000%   8/1/31  3,000      3,235
  Los Angeles County Redevelopment Refunding Authority Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   7/1/21  1,670      1,717
  Los Angeles County Redevelopment Refunding Authority Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   7/1/22  4,555      4,871
  Los Angeles County Redevelopment Refunding Authority Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   7/1/23  2,105      2,351
  Los Angeles County Redevelopment Refunding Authority Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   7/1/24  2,215      2,474
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue (Capital Projects District No. 14) 5.000%  10/1/29  1,470      1,796
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue (Capital Projects District No. 14) 5.000%  10/1/30  3,060      3,728
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue (Capital Projects District No. 14) 5.000%  10/1/31  4,300      5,230
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue (Capital Projects District No. 14) 5.000%  10/1/32  7,225      8,776
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue (Capital Projects District No. 14) 5.000%  10/1/33  8,350     10,125
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue (Capital Projects District No. 14) 5.000%  10/1/34  7,350      8,897
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue (Capital Projects District No. 14) 5.000%  10/1/35  3,790      4,577
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/22  1,035      1,105
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/23  1,000      1,115
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/23  1,420      1,516
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/24  1,700      1,815
97
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/25  1,345      1,618
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/25  1,500      1,601
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/26  1,535      1,835
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/26    575        715
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/27  2,020      2,404
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/28  2,000      2,372
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/29  1,115      1,229
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/29  1,000      1,341
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/30  1,200      1,321
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/30    675        844
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/30    400        471
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/30  1,000      1,349
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/30  5,000      6,837
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/31  1,190      1,308
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/31    330        432
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/31  6,000      8,148
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/32  1,700      1,865
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/32  6,510      8,666
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/32  2,000      2,698
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/33  1,510      1,655
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/33    110        128
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/33  1,800      2,224
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/33    225        289
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/33  8,510     11,267
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/34  4,135      4,531
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/34  4,750      5,542
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/34  1,955      2,412
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/34  4,500      5,941
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/35  5,000      6,114
98
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/35  2,000      2,331
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/35  1,850      2,278
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/35  7,525      9,909
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/36  7,500      9,136
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/36  2,270      2,787
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/36  3,000      3,854
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/36  2,750      3,503
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/36 14,035     18,418
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/37  7,500      9,105
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/37  2,500      3,063
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/37  3,000      3,811
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/37  8,190     10,713
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/38  7,500      9,078
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/38  3,175      4,023
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/38  5,800      7,566
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/39  8,000      9,659
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/39 14,250     18,547
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/39  2,500      3,161
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/40  8,000      9,636
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/40  1,805      2,098
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/39  7,925     10,603
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/40 16,535     22,066
  Los Angeles Department of Water & Power Power System Electric Power & Light Revenue VRDO 0.070%  12/1/20  6,000      6,000
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/22  2,630      2,829
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/22  9,985     10,262
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/25 10,100     11,092
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/26    750        928
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/26  4,800      5,268
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/28  8,030      9,534
99
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/29  1,500      1,708
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/30 10,000     11,366
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/30  2,065      2,394
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/30  3,825      4,518
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/30    965      1,183
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/31 10,010     12,557
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/31  2,625      3,394
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/31 15,035     16,790
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/31  7,000      7,947
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/31  2,500      2,894
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/32  6,730      7,631
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/32  2,190      2,818
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/32 14,320     15,984
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/32  3,300      3,815
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/32  7,750      9,112
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/33  1,055      1,353
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/33 31,480     36,941
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/33  1,590      1,930
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/34 35,550     41,654
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/34  1,540      1,971
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/34 20,755     26,963
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/34  2,000      2,306
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/34 12,005     13,842
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/35  6,510      8,437
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/35  2,000      2,554
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/35 38,460     44,996
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/35  1,565      1,893
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/35  2,500      2,925
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/36  3,050      3,941
100
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/36 20,535     26,151
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/36  1,050      1,267
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/36  1,555      1,877
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/37 25,260     32,088
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/38  5,000      6,337
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/38  1,460      1,901
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/39  3,725      4,284
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.070%  12/1/20    500        500
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.100%  12/1/20  6,950      6,950
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.100%  12/1/20  7,300      7,300
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.100%  12/1/20 15,160     15,160
  Los Angeles Department of Water & Power System Electric Power & Light Revenue, Prere. 5.000%   7/1/21    140        144
  Los Angeles Department of Water Revenue 5.000%   7/1/22  1,060      1,141
  Los Angeles Department of Water Revenue 5.000%   7/1/23  5,605      6,034
  Los Angeles Department of Water Revenue 5.000%   7/1/25  1,395      1,703
  Los Angeles Department of Water Revenue 5.000%   7/1/26  1,500      1,614
  Los Angeles Department of Water Revenue 5.000%   7/1/26  1,755      2,177
  Los Angeles Department of Water Revenue 5.000%   7/1/26  6,060      7,516
  Los Angeles Department of Water Revenue 5.000%   7/1/31  4,690      5,438
  Los Angeles Department of Water Revenue 5.000%   7/1/31    450        552
  Los Angeles Department of Water Revenue 5.000%   7/1/32  7,000      7,823
  Los Angeles Department of Water Revenue 5.000%   7/1/32  6,080      7,041
  Los Angeles Department of Water Revenue 5.000%   7/1/33  5,000      5,585
  Los Angeles Department of Water Revenue 5.000%   7/1/33  5,525      6,721
  Los Angeles Department of Water Revenue 5.000%   7/1/34  5,305      6,129
  Los Angeles Department of Water Revenue 5.000%   7/1/34  4,500      5,469
  Los Angeles Department of Water Revenue 5.000%   7/1/35  2,250      2,727
  Los Angeles Department of Water Revenue 5.000%   7/1/35    330        449
  Los Angeles Department of Water Revenue 5.000%   7/1/36  1,455      1,760
  Los Angeles Department of Water Revenue 5.000%   7/1/36  4,000      4,960
  Los Angeles Department of Water Revenue 5.000%   7/1/36    725        982
  Los Angeles Department of Water Revenue 5.000%   7/1/37  5,540      6,855
  Los Angeles Department of Water Revenue 5.000%   7/1/37    930      1,256
  Los Angeles Department of Water Revenue 5.000%   7/1/40  7,000      9,379
  Los Angeles Department of Water Revenue VRDO 0.070%  12/1/20 15,360     15,360
  Los Angeles Department of Water Revenue VRDO 0.080%  12/1/20 44,365     44,365
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/24  6,275      7,403
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/25    140        165
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/25  8,140      9,966
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/25  5,000      6,121
101
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/25  1,860      2,148
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/26  3,095      3,902
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/26 10,210     11,757
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/27  8,175     10,286
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/27 10,720     12,328
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/27  2,865      3,295
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/28  8,255      9,484
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/28  2,645      3,039
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/28  4,050      5,371
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/28  1,185      1,572
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/29  9,805     12,278
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/29  2,565      2,941
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/29  3,070      4,160
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/29  1,000      1,355
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/30  2,500      2,861
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/30  3,775      5,222
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/30  1,000      1,383
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/31    815      1,121
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/32  1,350      1,844
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/33 10,410     11,979
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/34  6,170      7,083
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/34  3,055      3,475
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/35 28,255     32,360
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/35  2,410      2,737
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/36  6,380      7,281
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/36  9,590     11,834
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/36  2,725      3,091
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/37  5,010      5,676
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/38  4,000      4,526
  Los Rios Community College District GO 5.000%   8/1/24    500        589
102
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Rios Community College District GO 5.000%   8/1/26  1,410      1,787
  Los Rios Community College District GO 5.000%   8/1/27  1,100      1,436
  Los Rios Community College District GO 5.000%   8/1/30  1,140      1,465
  Los Rios Community College District GO 4.000%   8/1/31  3,070      3,726
  Los Rios Community College District GO 4.000%   8/1/32  3,135      3,777
  Los Rios Community College District GO 4.000%   8/1/33  1,010      1,090
  Los Rios Community College District GO 4.000%   8/1/33  3,145      3,757
  Los Rios Community College District GO 4.000%   8/1/35  3,750      4,432
  Los Rios Community College District GO 4.000%   8/1/35    250        295
  Los Rios Community College District GO 4.000%   8/1/36    700        823
  Los Rios Community College District GO 4.000%   8/1/37    525        616
  Los Rios Community College District GO 4.000%   8/1/38    610        714
  Lowell Joint School District GO 5.000%   8/1/37  1,000      1,332
  Lowell Joint School District GO 3.000%   8/1/40  1,365      1,498
4 Manhattan Beach Unified School District GO 0.000%   9/1/26  2,160      2,069
1 Manteca Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/27    265        324
1 Manteca Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/28    375        465
1 Manteca Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/29    350        437
1 Manteca Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/30    325        406
1 Manteca Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/32    550        673
1 Manteca Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/39  1,110      1,314
  Manteca Unified School District GO 5.000%   8/1/21  1,000      1,032
  Manteca Unified School District GO 5.000%   8/1/22  1,000      1,081
  Marin Community College District GO 4.000%   8/1/29    450        552
  Marin Community College District GO 4.000%   8/1/30    800        976
  Marin Community College District GO 4.000%   8/1/31  7,660      9,297
  Marin Community College District GO 4.000%   8/1/32  1,000      1,175
  Marin Community College District GO 4.000%   8/1/32  2,945      3,548
  Marin Community College District GO 4.000%   8/1/33  1,900      2,270
  Marin Community College District GO 4.000%   8/1/34  1,000      1,165
  Marin Community College District GO 4.000%   8/1/34  3,030      3,597
  Marin Community College District GO 4.000%   8/1/36    665        765
  Marin Healthcare District GO 5.000%   8/1/28    435        524
  Marin Healthcare District GO 5.000%   8/1/30    500        599
  Marin Healthcare District GO 5.000%   8/1/31  1,000      1,191
  Marin Healthcare District GO 5.000%   8/1/32  1,850      2,197
  Marin Healthcare District GO 5.000%   8/1/33  1,350      1,600
  Marin Healthcare District GO 5.000%   8/1/34  1,275      1,508
  Marin Healthcare District GO 4.000%   8/1/35  1,750      1,964
  Marin Healthcare District GO 4.000%   8/1/40 12,040     13,407
  Marin Healthcare District GO 4.000%   8/1/45 10,000     11,049
  Marin Water District Financing Authority Water Revenue 5.000%   7/1/44  6,000      6,448
  Marina Coast Water District Water Revenue 4.000%   6/1/22  1,090      1,152
  Marysville CA Health, Hospital, Nursing Home Revenue, Prere. 5.250%   1/1/21  1,780      1,787
  Marysville CA Health, Hospital, Nursing Home Revenue, Prere. 5.250%   1/1/21  2,730      2,741
  Marysville CA Health, Hospital, Nursing Home Revenue, Prere. 5.250%   1/1/21  1,500      1,506
2 Menlo Park Community Development Agency Successor Agency Tax Allocation Revenue (Las Pulgas Community Development Project) 5.000%  10/1/21    615        640
103
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Menlo Park Community Development Agency Successor Agency Tax Allocation Revenue (Las Pulgas Community Development Project) 5.000%  10/1/22    520        563
2 Menlo Park Community Development Agency Successor Agency Tax Allocation Revenue (Las Pulgas Community Development Project) 5.000%  10/1/26  1,000      1,211
2 Menlo Park Community Development Agency Successor Agency Tax Allocation Revenue (Las Pulgas Community Development Project) 5.000%  10/1/27  1,250      1,506
2 Menlo Park Community Development Agency Successor Agency Tax Allocation Revenue (Las Pulgas Community Development Project) 5.000%  10/1/29    400        477
  Mesa Water District COP 5.000%  3/15/28    375        497
  Mesa Water District COP 5.000%  3/15/29    250        339
  Mesa Water District COP 5.000%  3/15/30    405        561
  Mesa Water District COP 5.000%  3/15/31    250        345
  Mesa Water District COP 5.000%  3/15/32    350        479
  Mesa Water District COP 5.000%  3/15/33    350        474
  Mesa Water District COP 5.000%  3/15/34    350        473
  Mesa Water District COP 5.000%  3/15/35    400        539
  Mesa Water District COP 5.000%  3/15/36    535        718
  Mesa Water District COP 5.000%  3/15/37    800      1,070
  Mesa Water District COP 3.000%  3/15/38  1,200      1,347
  Mesa Water District COP 4.000%  3/15/39    770        943
  Metropolitan Water District of Southern California Water Revenue 5.000%   7/1/21  2,780      2,858
  Metropolitan Water District of Southern California Water Revenue 5.000%   7/1/26  3,325      4,050
  Metropolitan Water District of Southern California Water Revenue 5.000%   7/1/30  2,150      2,311
  Metropolitan Water District of Southern California Water Revenue 5.000%  10/1/30  3,585      3,809
  Metropolitan Water District of Southern California Water Revenue 5.000%   7/1/31  2,250      2,415
  Metropolitan Water District of Southern California Water Revenue 5.000%  10/1/35  1,500      2,017
  Metropolitan Water District of Southern California Water Revenue 5.000%  10/1/37  1,600      2,138
  Metropolitan Water District of Southern California Water Revenue 5.000%   7/1/38 11,000     14,893
  Metropolitan Water District of Southern California Water Revenue 5.000%  10/1/38  1,890      2,519
  Metropolitan Water District of Southern California Water Revenue 5.000%   7/1/39  7,510     10,144
  Metropolitan Water District of Southern California Water Revenue 5.000%  10/1/39  1,750      2,327
  Metropolitan Water District of Southern California Water Revenue 5.000%   7/1/40 10,000     13,474
  Metropolitan Water District of Southern California Water Revenue 5.000%  10/1/40  1,750      2,321
  Metropolitan Water District of Southern California Water Revenue VRDO 0.090%  12/1/20  7,150      7,150
  Metropolitan Water District of Southern California Water Revenue VRDO 0.090%  12/1/20  9,200      9,200
  Metropolitan Water District of Southern California Water Revenue VRDO 0.100%  12/1/20  7,100      7,100
  Metropolitan Water District of Southern California Water Revenue VRDO 0.100%  12/1/20  1,720      1,720
104
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Miracosta Community College District GO 4.000%   8/1/33  1,100      1,400
  Miracosta Community College District GO 4.000%   8/1/34  1,775      2,249
  Miracosta Community College District GO 2.000%   8/1/39  2,235      2,267
  Miracosta Community College District GO 2.000%   8/1/40  2,000      2,019
  Modesto CA Special Tax Revenue 5.000%   9/1/29  1,570      1,793
  Modesto CA Special Tax Revenue 5.000%   9/1/30  1,700      1,936
  Modesto CA Wastewater Sewer Revenue 5.000%  11/1/28  2,835      3,780
  Modesto CA Wastewater Sewer Revenue 5.000%  11/1/29  1,300      1,771
  Modesto CA Wastewater Sewer Revenue 5.000%  11/1/30  1,355      1,882
4 Modesto High School District GO 0.000%   8/1/26  5,000      4,756
  Modesto Irrigation District Electric Power & Light Revenue 5.000%   7/1/21  1,000      1,027
  Modesto Irrigation District Electric Power & Light Revenue 5.000%   7/1/22  1,025      1,101
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.000%  10/1/31  1,475      1,751
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.000%  10/1/31  1,840      2,184
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.000%  10/1/36  1,735      2,226
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.000%  10/1/37  2,360      3,019
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.000%  10/1/38  2,015      2,564
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.000%  10/1/39  2,000      2,540
  Montclair Redevelopment Agency Successor Tax Allocation Revenue 4.000%  10/1/31    660        794
  Montclair Redevelopment Agency Successor Tax Allocation Revenue 4.000%  10/1/34    615        728
  Montebello Unified School District GO 5.000%   8/1/41  2,555      2,976
  Moreno Valley Community Redevelopment Agency Tax Allocation Revenue 5.000%   8/1/29  1,200      1,485
  Moreno Valley Community Redevelopment Agency Tax Allocation Revenue 5.000%   8/1/32  1,020      1,242
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 4.000%   9/1/21    615        631
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 4.000%   9/1/22    685        724
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 4.000%   9/1/23    735        800
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 4.000%   9/1/24    780        869
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/25    845      1,003
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/26    930      1,125
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/27  1,010      1,213
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/29  1,185      1,402
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/31  1,390      1,622
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/35    920      1,060
  Morgan Hill Redevelopment Agency Successor Agency Tax Allocation Revenue, ETM 5.000%   3/1/23  1,330      1,470
  Morgan Hill Redevelopment Agency Successor Agency Tax Allocation Revenue, ETM 5.000%   9/1/23  2,550      2,878
  Morgan Hill Redevelopment Agency Successor Agency Tax Allocation Revenue, Prere. 5.000%   9/1/23  5,430      6,128
  Morgan Hill Redevelopment Agency Successor Agency Tax Allocation Revenue, Prere. 5.000%   9/1/23  2,990      3,374
  Morgan Hill Redevelopment Agency Successor Agency Tax Allocation Revenue, Prere. 5.000%   9/1/23  4,315      4,869
105
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Morgan Hill Redevelopment Agency Successor Agency Tax Allocation Revenue, Prere. 5.000%   9/1/23  2,000      2,257
  Morgan Hill Redevelopment Agency Successor Agency Tax Allocation Revenue, Prere. 5.000%   9/1/23  5,075      5,727
  Morgan Hill Unified School District GO 4.000%   8/1/32    400        482
  Morgan Hill Unified School District GO 4.000%   8/1/33    200        239
  Morgan Hill Unified School District GO 4.000%   8/1/34    250        297
  Morgan Hill Unified School District GO 4.000%   8/1/36  1,240      1,459
  Morgan Hill Unified School District GO 4.000%   8/1/37    745        874
  Mount Diablo CA Unified School District GO 5.000%   8/1/21    785        810
  Mount San Antonio Community College District GO 0.000%   8/1/25  2,000      1,946
  Mount San Antonio Community College District GO 5.000%   8/1/35  2,000      2,659
9 Mount San Antonio Community College District GO, 5.875% coupon rate effective 8/1/23 0.000%   8/1/28  3,000      3,513
  Mount San Jacinto Community College District GO 4.000%   8/1/37  3,290      3,929
  Mount San Jacinto Community College District GO 4.000%   8/1/38  1,400      1,668
  Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/22    180        191
  Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/23    320        349
  Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/24    500        559
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/25    340        391
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/26    290        341
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/27    360        430
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/28    430        519
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/29    450        551
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/29    215        260
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/30    550        681
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/30    305        375
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/31    575        707
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/31    400        487
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/32    400        488
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/33    325        395
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/34    300        364
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/35    325        392
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/35  1,000      1,197
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/36    315        379
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/37    300        360
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/38    300        359
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/39    275        328
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/40  1,400      1,644
1 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/40    350        416
  Mountain View CA Los Altos Union High School District GO 0.000%   8/1/26  3,500      3,376
  Mountain View Los Altos CA Union High School District GO 1.750%   8/1/33  3,000      3,052
  Mountain View Los Altos CA Union High School District GO 1.875%   8/1/34  4,150      4,218
2 Mountain View Shoreline Regional Park Community Tax Allocation Revenue 5.000%   8/1/32    500        643
2 Mountain View Shoreline Regional Park Community Tax Allocation Revenue 5.000%   8/1/34    350        447
2 Mountain View Shoreline Regional Park Community Tax Allocation Revenue 5.000%   8/1/35    450        573
2 Mountain View Shoreline Regional Park Community Tax Allocation Revenue 5.000%   8/1/37  1,220      1,546
  Mountain View-Whisman School District (School Financing Project) COP, ETM 5.000%   6/1/21    285        292
  Mountain View-Whisman School District (School Financing Project) COP, ETM 5.000%   6/1/22    400        429
  Mountain View-Whisman School District GO 5.000%   9/1/26  1,110      1,412
106
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Mountain View-Whisman School District GO 4.000%   9/1/32    250        320
  Mountain View-Whisman School District GO 4.000%   9/1/33    500        635
  Mountain View-Whisman School District GO 3.000%   9/1/35    640        732
  Mountain View-Whisman School District GO 3.000%   9/1/37    750        851
  Mountain View-Whisman School District GO 3.000%   9/1/39  1,200      1,354
  M-S-R Energy Authority Natural Gas Revenue 6.125%  11/1/29    685        877
  M-S-R Energy Authority Natural Gas Revenue 6.125%  11/1/29    200        256
  M-S-R Energy Authority Natural Gas Revenue 7.000%  11/1/34 12,890     20,569
  M-S-R Energy Authority Natural Gas Revenue 7.000%  11/1/34 10,350     16,516
  M-S-R Energy Authority Natural Gas Revenue 7.000%  11/1/34 11,265     17,976
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/39 11,195     18,524
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/39 13,715     22,694
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/39 15,500     25,648
  M-S-R Public Power Agency Electric Power & Light Revenue 5.000%   7/1/21  5,020      5,159
  M-S-R Public Power Agency Electric Power & Light Revenue 5.000%   7/1/22  9,025      9,704
2 Murrieta Valley Unified School District GO 5.000%   9/1/21  1,605      1,663
2 Murrieta Valley Unified School District GO 4.000%   9/1/22    320        340
2 Murrieta Valley Unified School District GO 4.000%   9/1/23    850        933
2 Murrieta Valley Unified School District GO 5.000%   9/1/23  1,460      1,642
2 Murrieta Valley Unified School District GO 4.000%   9/1/24    350        396
2 Murrieta Valley Unified School District GO 5.000%   9/1/25    700        831
2 Murrieta Valley Unified School District GO 5.000%   9/1/25  1,400      1,663
2 Murrieta Valley Unified School District GO 5.000%   9/1/26    520        617
2 Murrieta Valley Unified School District GO 5.000%   9/1/26  1,625      1,928
2 Murrieta Valley Unified School District GO 5.000%   9/1/27    465        551
2 Murrieta Valley Unified School District GO 5.000%   9/1/28    300        353
2 Murrieta Valley Unified School District GO 0.000%   9/1/33    475        377
9 Napa Valley Community College District GO, 4.000% coupon rate effective 2/1/2021 0.000%   8/1/30  8,130      9,255
9 Napa Valley Community College District GO, 4.000% coupon rate effective 2/1/2021 0.000%   8/1/31  4,650      5,272
  Napa Valley Unified School District GO 5.000%   8/1/31    205        253
  Napa Valley Unified School District GO 0.000%   8/1/33  5,770      4,560
2 Napa Valley Unified School District GO 4.000%   8/1/33  2,370      2,754
2 Napa Valley Unified School District GO 4.000%   8/1/36  3,175      3,650
1 Natomas Unified School District (2019 Financing Project) COP, Prere. 4.000%   6/1/21  1,650      1,681
1 Natomas Unified School District (2019 Financing Project) COP, Prere. 4.000%   6/1/21  1,720      1,752
1 Natomas Unified School District (2019 Financing Project) COP, Prere. 4.000%   6/1/21  1,790      1,824
1 Natomas Unified School District (2019 Financing Project) COP, Prere. 4.000%   6/1/21  1,865      1,900
1 Natomas Unified School District (2019 Financing Project) COP, Prere. 4.000%   6/1/21  1,940      1,977
1 Natomas Unified School District (2019 Financing Project) COP, Prere. 4.000%   6/1/21  2,020      2,058
1 Natomas Unified School District (2019 Financing Project) COP, Prere. 4.000%   6/1/21  2,100      2,140
1 Natomas Unified School District (2019 Financing Project) COP, Prere. 4.000%   6/1/21  2,185      2,226
1 Natomas Unified School District (2019 Financing Project) COP, Prere. 4.000%   6/1/21  2,275      2,318
1 Natomas Unified School District (2019 Financing Project) COP, Prere. 4.000%   6/1/21  2,365      2,410
  Nevada Joint Union High School District GO 4.000%   8/1/32  1,320      1,610
  Nevada Joint Union High School District GO 4.000%   8/1/33  1,410      1,704
107
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Nevada Joint Union High School District GO 4.000%   8/1/34    580        696
  New Haven Unified School District GO 5.000%   8/1/26  4,535      5,720
  New Haven Unified School District GO 5.000%   8/1/27  1,335      1,688
  New Haven Unified School District GO 4.000%   8/1/29    100        125
  New Haven Unified School District GO 4.000%   8/1/30    100        124
  New Haven Unified School District GO 4.000%   8/1/31    100        123
  New Haven Unified School District GO 4.000%   8/1/32    100        122
  New Haven Unified School District GO 4.000%   8/1/35    325        393
  New Haven Unified School District GO 4.000%   8/1/36    155        186
  New Haven Unified School District GO 4.000%   8/1/37    300        358
  New Haven Unified School District GO 4.000%   8/1/38    805        959
  New Haven Unified School District GO 5.000%   8/1/40    955      1,122
2 Newark CA Unified School District GO 0.000%   8/1/26  3,300      3,158
  Newport Mesa Unified School District GO 5.000%   8/1/22  1,815      1,961
  Newport Mesa Unified School District GO 5.000%   8/1/26  1,175      1,487
  Newport Mesa Unified School District GO 0.000%   8/1/29  4,625      4,185
  Newport Mesa Unified School District GO 0.000%   8/1/30  3,000      2,651
  Newport Mesa Unified School District GO 0.000%   8/1/31  1,500      1,295
  Newport Mesa Unified School District GO 0.000%   8/1/32 14,000     11,771
  Norco CA Special Tax Revenue 4.000%   9/1/21  1,055      1,085
  Norco CA Special Tax Revenue 5.000%   9/1/22    970      1,047
  Norco CA Special Tax Revenue 5.000%   9/1/23  1,270      1,427
  Norco CA Special Tax Revenue 5.000%   9/1/24  1,380      1,609
  Norco CA Special Tax Revenue 5.000%   9/1/25    500        602
  Norco CA Special Tax Revenue 5.000%   9/1/26  1,620      2,017
  Norco CA Special Tax Revenue 5.000%   9/1/27  1,755      2,241
1 Norco CA Special Tax Revenue 5.000%   9/1/28    750        951
  Norco Financing Authority Lease (Non-Terminable) Revenue 5.000%  10/1/30    550        740
  Norco Financing Authority Lease (Non-Terminable) Revenue 5.000%  10/1/32  1,000      1,331
  Norco Financing Authority Lease (Non-Terminable) Revenue 4.000%  10/1/34    310        378
  Norco Financing Authority Lease (Non-Terminable) Revenue 4.000%  10/1/35    440        535
  Norco Financing Authority Lease (Non-Terminable) Revenue 5.000%  10/1/36  1,000      1,308
  Norco Financing Authority Lease (Non-Terminable) Revenue 5.000%  10/1/37    850      1,109
  Norco Financing Authority Lease (Non-Terminable) Revenue 4.000%  10/1/39  1,565      1,867
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/26  4,610      4,658
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/29    200        248
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/30    250        308
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/33    500        607
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/34    500        606
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/36  3,020      3,647
  North Orange County CA Community College District GO 4.000%   8/1/33    375        467
  North Orange County CA Community College District GO 3.000%   8/1/38  1,805      1,999
  North Orange County CA Community College District GO 3.000%   8/1/39  2,165      2,393
  North Orange County CA Community College District GO 3.000%   8/1/40  2,200      2,425
  Northern California Energy Authority Natural Gas Revenue PUT 4.000%   7/1/24 84,710     94,578
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Progect) 5.000%   5/1/39  1,500      1,797
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/21    245        250
108
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/22    200        213
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/23    385        427
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/24    695        800
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/25  2,030      2,426
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/27  1,285      1,579
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/28  1,180      1,442
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/29  1,775      2,160
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/31  1,385      1,678
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/32  2,525      3,056
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/33  4,285      5,178
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/34  3,285      3,963
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/36  5,000      6,018
  Northern California Transmission Agency Electric Power & Light Revenue (California-Oregon Project) 5.000%   5/1/37  3,500      4,206
  Northern California Transmission Agency Electric Power & Light Revenue (California-Oregon Project) 5.000%   5/1/38  1,250      1,500
  Northstar Community Services District Special Tax Revenue 5.000%   9/1/21  1,210        824
  Northstar Community Services District Special Tax Revenue 5.000%   9/1/22  1,345        916
  Northstar Community Services District Special Tax Revenue 5.000%   9/1/23  1,485      1,012
6,7 Nuveen California AMT-Free Quality Municipal Income Fund VRDO VRDP 0.140%  12/3/20 10,000     10,000
6,7 Nuveen California AMT-Free Quality Municipal Income Fund VRDO VRDP 0.180%  12/3/20 25,500     25,500
  Oakdale Irrigation District Water Revenue 5.000%   8/1/26    240        270
  Oakdale Irrigation District Water Revenue 5.000%   8/1/27    350        394
  Oakdale Irrigation District Water Revenue 5.000%   8/1/29    455        512
  Oakdale Irrigation District Water Revenue 5.000%   8/1/30    415        466
  Oakdale Irrigation District Water Revenue 5.000%   8/1/33    350        392
  Oakdale Irrigation District Water Revenue 5.000%   8/1/34    400        448
  Oakdale Irrigation District Water Revenue 5.000%   8/1/35    300        335
  Oakland CA GO 2.000%  1/15/34  5,505      5,580
  Oakland CA GO 2.000%  1/15/35  4,480      4,531
  Oakland CA GO 2.125%  1/15/36  4,735      4,820
  Oakland CA GO 3.000%  1/15/40  6,580      7,298
  Oakland CA GO, Prere. 5.000%  1/15/21  3,000      3,018
  Oakland Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/21  3,000      3,106
  Oakland Unified School District/Alameda County GO 5.000%   8/1/21    200        206
  Oakland Unified School District/Alameda County GO 5.000%   8/1/21  1,600      1,647
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/21  3,195      3,289
  Oakland Unified School District/Alameda County GO 5.000%   8/1/22  1,300      1,392
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/22  2,325      2,494
  Oakland Unified School District/Alameda County GO 5.000%   8/1/23  6,265      6,993
  Oakland Unified School District/Alameda County GO 5.500%   8/1/23  1,000      1,105
  Oakland Unified School District/Alameda County GO 4.000%   8/1/24    600        673
109
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Oakland Unified School District/Alameda County GO 5.000%   8/1/24 11,375     13,173
  Oakland Unified School District/Alameda County GO 5.000%   8/1/24  1,835      2,125
  Oakland Unified School District/Alameda County GO 5.000%   8/1/24  1,275      1,477
  Oakland Unified School District/Alameda County GO 5.000%   8/1/24  1,375      1,592
  Oakland Unified School District/Alameda County GO 4.000%   8/1/25    175        202
  Oakland Unified School District/Alameda County GO 5.000%   8/1/25  2,850      3,420
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/25  2,375      2,870
  Oakland Unified School District/Alameda County GO 5.000%   8/1/25    570        684
  Oakland Unified School District/Alameda County GO 5.000%   8/1/26  1,260      1,506
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/26  2,570      3,098
  Oakland Unified School District/Alameda County GO 5.000%   8/1/27    175        222
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/27  1,965      2,506
  Oakland Unified School District/Alameda County GO 5.000%   8/1/27  1,295      1,543
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/27  1,160      1,392
  Oakland Unified School District/Alameda County GO 5.000%   8/1/28  2,940      3,707
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/28  1,210      1,537
  Oakland Unified School District/Alameda County GO 5.000%   8/1/28  1,000      1,187
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/28  1,230      1,471
  Oakland Unified School District/Alameda County GO 5.000%   8/1/28    140        171
  Oakland Unified School District/Alameda County GO 5.000%   8/1/28  6,140      7,519
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/29  2,060      2,604
  Oakland Unified School District/Alameda County GO 5.000%   8/1/29  1,000      1,182
  Oakland Unified School District/Alameda County GO 5.000%   8/1/30  1,800      2,251
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/30  2,030      2,557
  Oakland Unified School District/Alameda County GO 5.000%   8/1/30    100        122
  Oakland Unified School District/Alameda County GO 5.000%   8/1/31    480        599
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/31  5,250      6,596
  Oakland Unified School District/Alameda County GO 5.000%   8/1/31  2,375      2,795
1 Oakland Unified School District/Alameda County GO 5.000%   8/1/31  1,480      1,859
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/32  5,910      7,390
  Oakland Unified School District/Alameda County GO 5.000%   8/1/32  2,615      3,072
  Oakland Unified School District/Alameda County GO 5.000%   8/1/33  1,200      1,484
  Oakland Unified School District/Alameda County GO 5.000%   8/1/33  1,350      1,584
2 Oakland Unified School District/Alameda County GO 4.000%   8/1/34  4,500      5,245
  Oakland Unified School District/Alameda County GO 5.000%   8/1/34  2,500      2,928
2 Oakland Unified School District/Alameda County GO 4.000%   8/1/35  5,210      6,059
2 Oakland Unified School District/Alameda County GO 4.000%   8/1/36  7,970      9,243
2 Oakland Unified School District/Alameda County GO 4.000%   8/1/37  3,465      4,009
  Oakland Unified School District/Alameda County GO, Prere. 6.250%   8/1/21  2,000      2,080
1 Oceanside CA Unified School District GO 4.000%   8/1/33  3,500      3,888
  Ohlone Community College District GO 5.000%   8/1/22    760        821
  Ohlone Community College District GO 4.000%   8/1/34  3,900      4,526
  Ohlone Community College District GO 4.000%   8/1/35  4,290      4,969
  Ohlone Community College District GO, Prere. 5.000%   8/1/21  1,770      1,827
  Ontario Public Financing Authority Water Revenue 5.250%   7/1/27  1,285      1,442
  Ontario Public Financing Authority Water Revenue 5.250%   7/1/28  1,765      1,979
  Ontario Public Financing Authority Water Revenue 5.250%   7/1/29  2,280      2,553
  Ontario Public Financing Authority Water Revenue 5.250%   7/1/30  1,400      1,565
  Ontario Public Financing Authority Water Revenue 5.250%   7/1/31  2,525      2,819
  Ontario Public Financing Authority Water Revenue 5.250%   7/1/32  2,660      2,969
  Ontario Public Financing Authority Water Revenue 5.250%   7/1/33  2,205      2,458
  Orange County CA Airport Port, Airport & Marina Revenue 5.000%   7/1/23    200        224
  Orange County CA Airport Port, Airport & Marina Revenue 5.000%   7/1/27    290        370
  Orange County Development Agency Successor Agency Tax Allocation Revenue (Santa Ana Heights Project Area) 5.000%   9/1/21  1,200      1,239
110
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Orange County Development Agency Successor Agency Tax Allocation Revenue (Santa Ana Heights Project Area) 5.000%   3/1/22  1,230      1,296
  Orange County Development Agency Successor Agency Tax Allocation Revenue (Santa Ana Heights Project Area) 5.000%   9/1/22  1,260      1,353
  Orange County Development Agency Successor Agency Tax Allocation Revenue (Santa Ana Heights Project Area) 5.000%   3/1/23  1,290      1,417
  Orange County Development Agency Successor Agency Tax Allocation Revenue (Santa Ana Heights Project Area) 5.000%   9/1/23  1,320      1,478
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/36  2,870      3,753
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/37  6,860      8,942
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/39  3,825      4,961
  Orange County Sanitation District Sewer Revenue 5.000%   2/1/30  9,925     11,608
  Orange County Sanitation District Sewer Revenue 4.000%   2/1/32  5,690      5,901
  Orange County Water District COP 2.000%  8/15/23 27,720     28,768
  Orange County Water District Water Revenue 5.000%  8/15/32    840      1,138
  Orange County Water District Water Revenue 4.000%  8/15/35    780        964
  Orange County Water District Water Revenue, Prere. 5.000%  8/15/23  8,000      9,035
2 Oxnard CA Gas Tax Fuel Sales Tax Revenue 4.000%   9/1/34  1,130      1,325
2 Oxnard CA Gas Tax Fuel Sales Tax Revenue 4.000%   9/1/36  1,170      1,363
2 Oxnard CA Gas Tax Fuel Sales Tax Revenue 4.000%   9/1/37    770        895
  Oxnard Union High School District GO 4.000%   8/1/23    210        231
  Oxnard Union High School District GO 4.000%   8/1/24    200        228
  Oxnard Union High School District GO 5.000%   8/1/26    850      1,077
  Oxnard Union High School District GO 5.000%   8/1/27    750        978
  Oxnard Union High School District GO 5.000%   8/1/28    500        648
  Oxnard Union High School District GO 5.000%   8/1/29    850      1,094
  Oxnard Union High School District GO 4.000%   8/1/30  2,000      2,433
  Oxnard Union High School District GO 4.000%   8/1/31    750        909
  Oxnard Union High School District GO 4.000%   8/1/32  1,000      1,206
  Oxnard Union High School District GO 4.000%   8/1/32    325        401
  Oxnard Union High School District GO 4.000%   8/1/33    375        458
  Oxnard Union High School District GO 4.000%   8/1/35  1,125      1,360
  Oxnard Union High School District GO 4.000%   8/1/36    750        901
  Oxnard Union High School District GO 4.000%   8/1/37  1,220      1,461
  Oxnard Union High School District GO 4.000%   8/1/38  1,630      1,943
  Oxnard Union High School District GO 4.000%   8/1/39  1,000      1,190
  Oxnard Union High School District GO 4.000%   8/1/40  1,500      1,776
  Pajaro Valley Unified School District GO 4.000%   8/1/33    225        269
  Pajaro Valley Unified School District GO 4.000%   8/1/34    250        297
  Pajaro Valley Unified School District GO 4.000%   8/1/35    300        355
  Pajaro Valley Unified School District GO 4.000%   8/1/36    250        294
  Pajaro Valley Unified School District GO 5.000%   8/1/38  1,155      1,439
1 Palm Desert Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  10/1/21    440        458
1 Palm Desert Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  10/1/24  1,050      1,231
1 Palm Desert Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  10/1/25  1,000      1,216
1 Palm Desert Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  10/1/26  1,100      1,379
1 Palm Desert Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  10/1/27  1,200      1,504
  Palm Springs Unified School District GO 5.000%   8/1/21  1,000      1,032
  Palm Springs Unified School District GO 5.000%   8/1/21  1,500      1,548
  Palm Springs Unified School District GO 5.000%   8/1/21  1,500      1,548
  Palm Springs Unified School District GO 5.000%   8/1/21  1,500      1,548
111
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Palm Springs Unified School District GO 5.000%   8/1/22  1,565      1,685
  Palm Springs Unified School District GO 5.000%   8/1/25  4,775      5,786
  Palm Springs Unified School District GO 4.000%   8/1/31  4,160      4,597
  Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/21    350        362
  Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/22    675        727
  Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/23    400        448
  Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/24    725        843
  Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/25    740        891
  Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/25    550        662
  Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/26    830      1,030
  Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/26    700        869
4 Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/27    430        526
4 Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/28  1,355      1,649
4 Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/29  1,275      1,543
4 Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/31    415        499
4 Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/32  1,435      1,717
4 Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/33    750        892
4 Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/34    500        592
4 Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/34  2,000      2,369
  Palo Alto CA 4.000%   9/2/21    400        411
  Palo Alto CA 5.000%   9/2/27  1,000      1,078
  Palo Alto Unified School District GO 0.000%   8/1/24 15,890     15,671
  Palomar Community College District GO 5.000%   5/1/25    120        145
  Palomar Community College District GO 5.000%   5/1/28     15         18
  Palomar Community College District GO 5.000%   8/1/30    520        668
  Palomar Community College District GO 5.000%   8/1/31    400        513
  Palomar Community College District GO 5.000%   8/1/32    300        383
  Palomar Community College District GO 4.000%   8/1/33  2,140      2,434
  Palomar Community College District GO 5.000%   8/1/33  2,805      3,564
  Palomar Community College District GO 4.000%   8/1/34  2,390      2,708
  Palomar Community College District GO 5.000%   8/1/35  2,485      3,145
  Palomar Health COP 5.000%  11/1/21    560        581
  Palomar Health COP 5.000%  11/1/23    600        670
  Palomar Health COP 5.000%  11/1/24    665        768
  Palomar Health COP 5.000%  11/1/26    445        542
  Palomar Health COP 5.000%  11/1/27    750        935
  Palomar Health COP 5.000%  11/1/32  4,550      5,429
4 Palomar Health GO 0.000%   8/1/21  1,400      1,393
4 Palomar Health GO 0.000%   8/1/22  7,315      7,212
11 Palomar Health GO 0.000%   8/1/24  5,130      4,966
11 Palomar Health GO 0.000%   8/1/26  1,250      1,176
112
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Palomar Health GO 5.000%   8/1/26    310        379
4 Palomar Health GO 0.000%   8/1/27 16,165     14,679
11 Palomar Health GO 0.000%   8/1/27  8,095      7,449
11 Palomar Health GO 0.000%   8/1/28    500        449
  Palomar Health GO 5.000%   8/1/28  1,640      1,980
  Palomar Health GO 5.000%   8/1/28  8,460     10,215
11 Palomar Health GO 0.000%   8/1/29  7,210      6,298
  Palomar Health GO 5.000%   8/1/29    875      1,051
  Palomar Health GO 5.000%   8/1/29  4,340      5,212
  Palomar Health GO 4.000%   8/1/30  1,500      1,702
  Palomar Health GO 5.000%   8/1/30  1,130      1,350
  Palomar Health GO 4.000%   8/1/31  1,550      1,753
  Palomar Health GO 5.000%   8/1/31    800        953
  Palomar Health GO 4.000%   8/1/32  4,900      5,519
  Palomar Health GO 5.000%   8/1/33  1,320      1,559
  Palomar Health GO 0.000%   8/1/35    595        415
  Palomar Health GO 0.000%   8/1/36    510        343
  Palomar Health GO 4.000%   8/1/36  5,015      5,585
  Palomar Health GO 0.000%   8/1/37  1,105        718
  Palomar Health GO 4.000%   8/1/37  4,195      4,662
11 Palomar Health GO 7.000%   8/1/38  3,100      4,483
  Palomar Health Health, Hospital, Nursing Home Revenue 5.000%  11/1/21  1,375      1,426
  Palomar Health Health, Hospital, Nursing Home Revenue 5.000%  11/1/23  2,410      2,690
  Palomar Health Health, Hospital, Nursing Home Revenue 5.000%  11/1/24  2,390      2,761
  Palomar Health Health, Hospital, Nursing Home Revenue 5.000%  11/1/25  2,250      2,672
  Palomar Health Health, Hospital, Nursing Home Revenue 5.000%  11/1/26  1,875      2,283
  Palomar Health Health, Hospital, Nursing Home Revenue 5.000%  11/1/28    345        413
  Palomar Health Health, Hospital, Nursing Home Revenue 4.000%  11/1/39  8,875      9,504
4 Palos Verdes Peninsula Unified School District GO 0.000%  11/1/26    320        306
4 Paramount Redevelopment Agency Successor Agency Tax Allocation Revenue 0.000%   8/1/26  6,050      5,458
2 Paramount Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1) 5.000%   8/1/21  1,455      1,502
2 Paramount Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1) 5.000%   8/1/22  2,965      3,191
2 Paramount Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1) 5.000%   8/1/23  2,485      2,786
1,10 Paramount Unified School District GO 4.000%   8/1/30     70         89
1,10 Paramount Unified School District GO 4.000%   8/1/31    125        158
1,10 Paramount Unified School District GO 4.000%   8/1/32    150        188
1,10 Paramount Unified School District GO 4.000%   8/1/33    100        124
1,10 Paramount Unified School District GO 4.000%   8/1/34    150        185
1,10 Paramount Unified School District GO 4.000%   8/1/35    300        367
1,10 Paramount Unified School District GO 4.000%   8/1/37    350        423
1,10 Paramount Unified School District GO 4.000%   8/1/38    340        409
1,10 Paramount Unified School District GO 4.000%   8/1/39    470        563
1,10 Paramount Unified School District GO 4.000%   8/1/40    450        536
  Pasadena Unified School District GO 5.000%   8/1/24  1,085      1,272
  Pasadena Unified School District GO 5.000%   8/1/25    750        913
  Pasadena Unified School District GO 5.000%   8/1/25  1,000      1,218
  Pasadena Unified School District GO 5.000%   8/1/26  1,015      1,276
  Pasadena Unified School District GO 5.000%   8/1/26    510        641
  Pasadena Unified School District GO 4.000%   8/1/32  1,115      1,301
  Pasadena Unified School District GO, Prere. 5.000%   5/1/22  3,695      3,947
  Pasadena Unified School District GO, Prere. 5.000%   5/1/22  1,500      1,602
  Pasadena Unified School District GO, Prere. 5.000%   5/1/22  2,000      2,137
113
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Peninsula Corridor CA Joint Powers Board Transit Revenue 5.000%  10/1/33    595        740
  Peninsula Corridor CA Joint Powers Board Transit Revenue 5.000%  10/1/35    750        927
  Peninsula Corridor CA Joint Powers Board Transit Revenue 5.000%  10/1/36  1,000      1,230
  Peninsula Corridor CA Joint Powers Board Transit Revenue 5.000%  10/1/37  1,000      1,226
  Peninsula Corridor CA Joint Powers Board Transit Revenue 5.000%  10/1/38    600        733
  Peralta Community College District GO 5.000%   8/1/23  1,000      1,125
  Peralta Community College District GO 5.000%   8/1/25    510        620
  Peralta Community College District GO 5.000%   8/1/25    500        607
  Peralta Community College District GO 4.000%   8/1/26  1,500      1,748
  Peralta Community College District GO 5.000%   8/1/26    650        815
  Peralta Community College District GO 5.000%   8/1/27  1,490      1,808
  Peralta Community College District GO 5.000%   8/1/27  1,000      1,289
  Peralta Community College District GO 5.000%   8/1/28  2,455      2,972
  Peralta Community College District GO 5.000%   8/1/28    555        733
  Peralta Community College District GO 5.000%   8/1/29  2,280      2,651
  Peralta Community College District GO 5.000%   8/1/29  3,115      3,763
  Peralta Community College District GO 5.000%   8/1/29  1,085      1,465
  Peralta Community College District GO 5.000%   8/1/30  2,260      2,724
  Peralta Community College District GO 5.000%   8/1/30    670        924
  Peralta Community College District GO 5.000%   8/1/31  1,650      1,985
  Peralta Community College District GO 5.000%   8/1/31  1,225      1,722
  Peralta Community College District GO 5.000%   8/1/32  4,340      5,201
  Peralta Community College District GO 5.000%   8/1/34  3,025      3,608
2 Perris CA Union High School District GO 4.000%   9/1/35  1,730      2,104
2 Perris CA Union High School District GO 4.000%   9/1/36  1,845      2,225
2 Perris CA Union High School District GO 4.000%   9/1/37  2,190      2,634
  Pittsburg CA Water Revenue 4.000%   8/1/21    500        513
  Pittsburg CA Water Revenue 5.000%   8/1/22    250        270
2 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue 5.000%   9/1/21  2,000      2,070
2 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue 5.000%   8/1/25    855        996
2 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue 5.000%   8/1/26    900      1,045
2 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue 5.000%   8/1/27  1,220      1,409
2 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue 5.000%   8/1/28  1,285      1,478
2 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue 5.000%   8/1/29  1,350      1,549
3 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project) 0.000%   8/1/25  2,965      2,842
3 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project) 0.000%   8/1/26    150        141
3 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project) 0.000%   8/1/29    355        311
2 Placentia-Yorba Linda Unified School District COP 5.000%  10/1/21    300        311
2 Placentia-Yorba Linda Unified School District COP 5.000%  10/1/22    385        417
2 Placentia-Yorba Linda Unified School District COP 5.000%  10/1/23    500        564
  Placentia-Yorba Linda Unified School District GO 5.000%   8/1/21    775        800
  Placentia-Yorba Linda Unified School District GO 5.000%   8/1/22  1,325      1,431
  Placentia-Yorba Linda Unified School District GO 5.000%   8/1/23  2,540      2,865
  Placentia-Yorba Linda Unified School District GO 5.000%   8/1/24  1,125      1,323
  Placentia-Yorba Linda Unified School District GO 5.000%   8/1/25  1,785      2,186
114
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Placentia-Yorba Linda Unified School District GO 0.000%   8/1/31    150        128
2 Placer CA Union High School District GO 0.000%   8/1/30  2,400      2,068
  Pleasanton Unified School District GO 4.000%   8/1/34  1,050      1,247
  Pleasanton Unified School District GO 4.000%   8/1/35  1,000      1,182
  Pleasanton Unified School District GO 4.000%   8/1/36    800        941
  Pomona CA Local or Guaranteed Housing Revenue, ETM 7.600%   5/1/23  3,035      3,330
1 Pomona Unified School District GO 5.000%   8/1/22    440        475
1 Pomona Unified School District GO 5.000%   8/1/26    450        527
2 Pomona Unified School District GO 4.000%   8/1/32  1,175      1,352
  Pomona Unified School District GO 4.000%   8/1/37    920      1,141
2 Pomona Unified School District GO 2.125%   8/1/41  3,250      3,202
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/21    750        772
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/25  3,795      3,912
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/30  4,045      4,952
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/31  2,560      3,125
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/32  4,340      5,288
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/33  2,560      2,949
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/33  3,515      4,279
  Port of Los Angeles Port, Airport & Marina Revenue 4.000%   8/1/34  3,000      3,406
  Port of Los Angeles Port, Airport & Marina Revenue 4.000%   8/1/35  2,685      3,042
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/35  1,925      2,217
  Port of Los Angeles Port, Airport & Marina Revenue 4.000%   8/1/36  2,520      2,847
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/36  1,985      2,283
  Port of Oakland Port, Airport & Marina Revenue 5.000%  11/1/26  2,695      3,361
  Port of Oakland Port, Airport & Marina Revenue 5.000%  11/1/27  1,250      1,594
  Port of Oakland Port, Airport & Marina Revenue 5.000%  11/1/28  1,610      2,039
  Port of Oakland Port, Airport & Marina Revenue 5.000%  11/1/29    950      1,196
  Portola Valley School District GO 3.000%   8/1/35    875      1,002
  Portola Valley School District GO 3.000%   8/1/36    640        729
  Portola Valley School District GO 3.000%   8/1/37    700        795
  Portola Valley School District GO 3.000%   8/1/38    675        761
  Portola Valley School District GO 3.000%   8/1/39    725        813
  Portola Valley School District GO 3.000%   8/1/40    530        593
  Poway Redevelopment Agency Successor Agency Tax Allocation Revenue (Paguay Redevelopment Project) 5.000%  6/15/22  2,225      2,376
  Poway Redevelopment Agency Successor Agency Tax Allocation Revenue (Paguay Redevelopment Project) 5.000% 12/15/22  3,535      3,861
  Poway Redevelopment Agency Successor Agency Tax Allocation Revenue (Paguay Redevelopment Project) 5.000%  6/15/23  3,325      3,708
  Poway Redevelopment Agency Successor Agency Tax Allocation Revenue (Paguay Redevelopment Project) 5.000% 12/15/26  1,370      1,662
  Poway Unified School District GO 5.000%   8/1/27  1,625      1,897
  Poway Unified School District GO 0.000%   8/1/28  9,070      8,287
  Poway Unified School District GO 0.000%   8/1/29 10,310      9,186
  Poway Unified School District GO 0.000%   8/1/30    100         87
  Poway Unified School District GO 4.000%   8/1/30  8,190      9,193
  Poway Unified School District GO 0.000%   8/1/31  1,975      1,673
  Poway Unified School District GO, Prere. 5.000%   8/1/21  5,125      5,291
  Poway Unified School District Public Financing Authority Special Tax Revenue 4.000%   9/1/21  1,000      1,029
  Poway Unified School District Public Financing Authority Special Tax Revenue 4.000%   9/1/22    855        907
1 Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/22    715        773
  Poway Unified School District Public Financing Authority Special Tax Revenue 4.000%  9/15/22    435        462
115
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/23  1,180      1,329
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/23  1,000      1,123
1 Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/24  1,000      1,169
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/24  1,525      1,776
1 Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/25    775        940
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/25  1,640      1,980
1 Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/26  1,000      1,224
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/26  2,515      3,122
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/26    890      1,015
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/27    960      1,091
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/29    970      1,093
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/30    980      1,096
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/30  1,200      1,349
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/31  1,250      1,399
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/32    960      1,072
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/32  1,365      1,523
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/33  1,460      1,625
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/34  1,545      1,718
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/35  1,645      1,827
  Poway Unified School District Special Tax Revenue 3.000%   9/1/22    115        119
  Poway Unified School District Special Tax Revenue 3.000%   9/1/22    155        160
  Poway Unified School District Special Tax Revenue 3.000%   9/1/23    180        189
  Poway Unified School District Special Tax Revenue 4.000%   9/1/23    130        140
2 Poway Unified School District Special Tax Revenue 4.000%   9/1/24    150        167
2 Poway Unified School District Special Tax Revenue 4.000%   9/1/25    145        166
2 Poway Unified School District Special Tax Revenue 4.000%   9/1/26    190        222
2 Poway Unified School District Special Tax Revenue 4.000%   9/1/27    315        374
2 Poway Unified School District Special Tax Revenue 4.000%   9/1/29    265        323
2 Poway Unified School District Special Tax Revenue 4.000%   9/1/29    390        476
2 Poway Unified School District Special Tax Revenue 5.000%   9/1/32    345        452
2 Poway Unified School District Special Tax Revenue 5.000%   9/1/32    325        426
2 Poway Unified School District Special Tax Revenue 2.875%   9/1/33    180        192
2 Poway Unified School District Special Tax Revenue 3.000%   9/1/34    405        444
2 Poway Unified School District Special Tax Revenue 4.000%   9/1/34    500        605
2 Poway Unified School District Special Tax Revenue 3.000%   9/1/35    235        257
2 Poway Unified School District Special Tax Revenue 4.000%   9/1/36    715        859
2 Poway Unified School District Special Tax Revenue 3.000%   9/1/37    500        543
2 Poway Unified School District Special Tax Revenue 4.000%   9/1/38    835        997
116
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Poway Unified School District Special Tax Revenue 3.125%   9/1/39    565        616
2 Poway Unified School District Special Tax Revenue 4.000%   9/1/40    970      1,153
  Poway Unified School District Special Tax Revenue, ETM 5.000%   9/1/21    320        331
  Poway Unified School District Special Tax Revenue, ETM 5.000%   9/1/22    455        493
  Poway Unified School District Special Tax Revenue, Prere. 5.000%   9/1/22  1,565      1,694
  Poway Unified School District Special Tax Revenue, Prere. 5.000%   9/1/22    990      1,072
  Poway Unified School District Special Tax Revenue, Prere. 5.000%   9/1/22  1,190      1,288
  Poway Unified School District Special Tax Revenue, Prere. 5.000%   9/1/22  2,515      2,723
2 Rancho Cucamonga Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project Area) 5.000%   9/1/27  1,700      1,973
2 Rancho Cucamonga Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project Area) 5.000%   9/1/28  2,800      3,245
2 Rancho Cucamonga Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project Area) 5.000%   9/1/30  1,500      1,730
2 Rancho Cucamonga Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project Area) 5.000%   9/1/31  1,400      1,613
2 Rancho Cucamonga Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project Area) 5.000%   9/1/32  1,710      1,966
2 Rancho Santiago Community College District GO 0.000%   9/1/30  1,000        874
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/22    395        424
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/22  1,100      1,180
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/24  1,000      1,165
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/24    750        873
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/25    830      1,004
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/25    730        883
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/26  1,000      1,249
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/27  1,350      1,734
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/30    800      1,040
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/24    300        349
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/25    375        453
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/26    675        835
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/27  1,000      1,230
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/28  1,000      1,223
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/30    775        944
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/32    475        576
4 Redding Joint Powers Financing Authority Electric Power & Light Revenue 3.750%   6/1/35    500        546
3 Redwood City Redevelopment Agency Successor Agency Tax Allocation Revenue 0.000%  7/15/25  3,350      3,214
  Redwood City School District GO 3.000%   8/1/40  1,490      1,638
  Rialto Redevelopment Agency Tax Allocation Revenue (Merged Project Area) 5.000%   9/1/28  1,000      1,294
  Rialto Redevelopment Agency Tax Allocation Revenue (Merged Project Area) 5.000%   9/1/30  1,285      1,628
  Rialto Redevelopment Agency Tax Allocation Revenue (Merged Project Area) 5.000%   9/1/32    470        588
  Rialto Redevelopment Agency Tax Allocation Revenue (Merged Project Area) 5.000%   9/1/33    760        946
  Rialto Redevelopment Agency Tax Allocation Revenue (Merged Project Area) 5.000%   9/1/37  3,250      4,005
117
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Richmond CA Wastewater Sewer Revenue 5.000%   8/1/32  1,355      1,813
  Richmond CA Wastewater Sewer Revenue 5.000%   8/1/33  1,060      1,409
  Richmond CA Wastewater Sewer Revenue 4.000%   8/1/35  3,285      4,022
  Richmond CA Wastewater Sewer Revenue 4.000%   8/1/37  2,000      2,413
  Richmond CA Wastewater Sewer Revenue 5.000%   8/1/39    760        990
2 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue 4.000%   5/1/21  1,000      1,016
2 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue 4.000%   5/1/22  1,750      1,834
2 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue 5.000%   5/1/23  1,400      1,550
2 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue 5.000%   5/1/24  1,000      1,150
  Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/21    535        557
2 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/22    600        653
2 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/24    600        701
2 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/25  1,000      1,209
2 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/26    750        930
2 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/27  1,060      1,347
2 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/28  1,125      1,457
2 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/29  1,600      2,104
2 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/31  1,000      1,302
2 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/34  3,000      3,843
2 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/35  1,200      1,532
2 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/36  1,670      2,117
2 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/37  1,600      2,022
  Rio Elementary School District Community Facilities District Special Tax Revenue 5.000%   9/1/27  1,000      1,140
  Rio Elementary School District Community Facilities District Special Tax Revenue 5.000%   9/1/28  1,000      1,134
  Rio Elementary School District Community Facilities District Special Tax Revenue 5.000%   9/1/30  1,000      1,128
  Rio Elementary School District Community Facilities District Special Tax Revenue 5.000%   9/1/35  2,300      2,559
  Rio Hondo CA Community College District GO 0.000%   8/1/31  2,010      1,699
7 Riverside CA Electric Power & Light Revenue VRDO 0.090%  12/2/20  4,275      4,275
  Riverside CA Sewer Revenue 5.000%   8/1/21  2,000      2,064
  Riverside CA Sewer Revenue 5.000%   8/1/22  2,160      2,330
  Riverside CA Sewer Revenue 5.000%   8/1/24  2,020      2,366
  Riverside CA Sewer Revenue 5.000%   8/1/26    600        753
  Riverside CA Sewer Revenue 5.000%   8/1/27  1,055      1,362
  Riverside CA Sewer Revenue 5.000%   8/1/30  2,680      3,507
  Riverside Community College District GO 0.000%   8/1/27  2,755      2,403
  Riverside Community College District GO 0.000%   8/1/28  1,650      1,370
  Riverside Community College District GO 5.000%   8/1/28  3,080      3,718
118
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Riverside Community College District GO 3.000%   8/1/33    770        866
  Riverside Community College District GO 4.000%   8/1/34  3,630      4,498
  Riverside Community College District GO 3.000%   8/1/35    725        811
  Riverside Community College District GO 3.000%   8/1/36  1,000      1,114
  Riverside Community College District GO 3.000%   8/1/36  2,000      2,228
  Riverside Community College District GO 3.000%   8/1/37  2,125      2,360
  Riverside Community College District GO 3.000%   8/1/38  1,890      2,093
  Riverside Community College District GO 3.000%   8/1/38  3,665      4,060
  Riverside Community College District GO 3.000%   8/1/39  2,110      2,332
  Riverside Community College District GO 3.000%   8/1/39  3,500      3,868
4 Riverside County Asset Leasing Corp. Lease (Abatement) Revenue (Riverside County Hospital Project) 0.000%   6/1/25  6,835      6,582
6,7 Riverside County CA Public Financing Authority Lease Revenue TOB VRDO 0.210%  12/3/20  7,500      7,500
1,6,7 Riverside County CA Public Financing Authority Tax Allocation Revenue TOB VRDO 0.160%  12/3/20  2,420      2,420
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/28    500        600
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/30  1,070      1,267
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/32  1,150      1,349
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/35  1,930      2,239
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/36  2,010      2,325
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/37  1,000      1,154
  Riverside County Public Financing Authority Lease (Abatement) Revenue (Capital Facilities Project) 5.000%  11/1/22  1,800      1,966
  Riverside County Public Financing Authority Lease (Abatement) Revenue (Capital Facilities Project) 5.000%  11/1/23  2,100      2,392
  Riverside County Public Financing Authority Lease (Abatement) Revenue (Capital Facilities Project) 5.000%  11/1/24  2,060      2,441
  Riverside County Public Financing Authority Lease (Abatement) Revenue (Capital Facilities Project) 5.000%  11/1/30  9,885     12,032
  Riverside County Public Financing Authority Lease (Abatement) Revenue (Capital Facilities Project) 5.000%  11/1/32 10,620     12,823
  Riverside County Public Financing Authority Lease (Abatement) Revenue (Capital Facilities Project) 4.125%  11/1/40    490        544
2 Riverside County Public Financing Authority Tax Allocation Revenue 5.000%   9/1/21  2,550      2,642
  Riverside County Public Financing Authority Tax Allocation Revenue 5.000%  10/1/21    250        260
2 Riverside County Public Financing Authority Tax Allocation Revenue 5.000%   9/1/22  1,830      1,975
  Riverside County Public Financing Authority Tax Allocation Revenue 5.000%  10/1/22    350        377
2 Riverside County Public Financing Authority Tax Allocation Revenue 5.000%   9/1/23  2,445      2,749
1 Riverside County Public Financing Authority Tax Allocation Revenue 5.000%  10/1/33  3,535      4,341
1 Riverside County Public Financing Authority Tax Allocation Revenue 5.000%  10/1/35  1,195      1,462
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/21  1,150      1,196
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/22  1,320      1,426
119
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/23  1,905      2,145
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/24  2,005      2,344
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/25  1,440      1,745
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/27  1,160      1,392
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/31  2,930      3,373
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/32  3,075      3,529
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/33  1,230      1,409
1 Riverside County Redevelopment Successor Agency Tax Allocation Revenue (Jurupa Valley Redevelopment Project Area) 5.000%  10/1/29    875      1,040
1,9 Riverside County Redevelopment Successor Agency Tax Allocation Revenue, 5.000% coupon rate effective 10/1/21 0.000%  10/1/22    375        389
1,9 Riverside County Redevelopment Successor Agency Tax Allocation Revenue, 5.000% coupon rate effective 10/1/21 0.000%  10/1/27    520        613
1,9 Riverside County Redevelopment Successor Agency Tax Allocation Revenue, 5.000% coupon rate effective 10/1/21 0.000%  10/1/30    750        870
1,9 Riverside County Redevelopment Successor Agency Tax Allocation Revenue, 5.000% coupon rate effective 10/1/21 0.000%  10/1/32    590        677
1,9 Riverside County Redevelopment Successor Agency Tax Allocation Revenue, 5.000% coupon rate effective 10/1/21 0.000%  10/1/37  1,015      1,152
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/22  2,500      2,430
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/23  3,630      3,471
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/24  6,985      6,557
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/31  5,000      3,880
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/32  4,000      3,000
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/33  5,500      3,983
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/34  3,500      2,455
  Riverside County Transportation Commission Sales Tax Revenue, Prere. 5.250%   6/1/23  3,000      3,378
  Riverside County Transportation Commission Sales Tax Revenue, Prere. 5.250%   6/1/23  4,075      4,588
  Riverside County Transportation Commission Sales Tax Revenue, Prere. 5.250%   6/1/23  3,000      3,378
  Riverside County Transportation Commission Sales Tax Revenue, Prere. 5.250%   6/1/23  2,000      2,252
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/22    560        612
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/23    325        370
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/24    300        356
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/25    300        370
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/26    375        478
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/27    480        629
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/28    565        760
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/29    350        466
120
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/30    620        818
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/31    600        785
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/32    550        713
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/33    635        820
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/34    650        838
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/35  1,100      1,414
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/36    875      1,120
  Riverside Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/29  1,265      1,462
  Riverside Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/31  1,045      1,204
  Riverside Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/33  1,055      1,212
  Riverside Unified School District Financing Authority Miscellaneous Revenue 5.000%   9/1/23  1,410      1,520
  Riverside Unified School District Financing Authority Miscellaneous Revenue 5.000%   9/1/25  1,555      1,675
  Riverside Unified School District Financing Authority Miscellaneous Revenue 5.000%   9/1/26  1,615      1,737
  Riverside Unified School District Financing Authority Miscellaneous Revenue 5.000%   9/1/27  1,710      1,836
  Riverside Unified School District GO 4.000%   8/1/29    850      1,038
  Riverside Unified School District GO 4.000%   8/1/30    850      1,033
  Riverside Unified School District GO 4.000%   8/1/31  1,250      1,513
  Riverside Unified School District GO 4.000%   8/1/34  1,100      1,306
  Riverside Unified School District GO 4.000%   8/1/35  1,000      1,182
  Riverside Unified School District GO 3.000%   8/1/36  2,000      2,173
  Riverside Unified School District GO 3.000%   8/1/37  2,000      2,168
  Riverside Unified School District GO 3.000%   8/1/38  2,310      2,498
  Riverside Unified School District GO 3.000%   8/1/39  5,000      5,398
  Riverside Unified School District GO 3.000%   8/1/40  7,500      8,081
4 Rocklin Unified School District GO 0.000%   8/1/23  7,030      6,923
4 Rocklin Unified School District GO 0.000%   8/1/24  2,965      2,897
  Romoland School District Special Tax Revenue 4.000%   9/1/26    100        115
  Romoland School District Special Tax Revenue 4.000%   9/1/28    100        117
  Romoland School District Special Tax Revenue 4.000%   9/1/29    100        116
  Romoland School District Special Tax Revenue 4.000%   9/1/31    100        114
  Romoland School District Special Tax Revenue 4.000%   9/1/32    100        114
  Romoland School District Special Tax Revenue 4.000%   9/1/33    100        113
  Romoland School District Special Tax Revenue 4.000%   9/1/34    100        113
  Romoland School District Special Tax Revenue 4.000%   9/1/35    115        129
  Romoland School District Special Tax Revenue 4.000%   9/1/40    555        621
  Romoland School District Special Tax Revenue 4.000%   9/1/45    750        831
  Roseville CA Electric System Lease (Non-Terminable) Revenue 5.000%   2/1/29    330        418
  Roseville CA Electric System Lease (Non-Terminable) Revenue 5.000%   2/1/30    200        252
  Roseville CA Electric System Lease (Non-Terminable) Revenue 5.000%   2/1/32    250        312
  Roseville CA Electric System Lease (Non-Terminable) Revenue 5.000%   2/1/33    350        432
  Roseville CA Electric System Lease (Non-Terminable) Revenue 5.000%   2/1/34    250        307
  Roseville CA Electric System Lease (Non-Terminable) Revenue 4.000%   2/1/36  4,530      5,240
121
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Roseville CA Electric System Lease (Non-Terminable) Revenue, Prere. 5.000%   8/1/24    770        901
  Roseville CA Electric System Lease (Non-Terminable) Revenue, Prere. 5.000%   8/1/24    530        620
  Roseville CA Electric System Lease (Non-Terminable) Revenue, Prere. 5.000%   8/1/24  1,310      1,533
  Roseville CA Electric System Lease (Non-Terminable) Revenue, Prere. 5.000%   8/1/24  1,000      1,170
  Roseville CA Electric System Lease (Non-Terminable) Revenue, Prere. 5.000%   8/1/24  3,425      4,007
  Roseville CA Special Tax Revenue 5.000%   9/1/21    500        515
  Roseville CA Special Tax Revenue 4.000%   9/1/26    110        123
  Roseville CA Special Tax Revenue 4.000%   9/1/27    220        247
  Roseville CA Special Tax Revenue 4.000%   9/1/28    205        231
  Roseville CA Special Tax Revenue 4.000%   9/1/29    200        225
  Roseville CA Special Tax Revenue 4.000%   9/1/30    125        140
  Roseville CA Special Tax Revenue 4.000%   9/1/33    250        276
  Roseville CA Special Tax Revenue 4.000%   9/1/40    750        818
  Roseville Finance Authority Special Tax Revenue 4.000%   9/1/21    700        720
  Roseville Finance Authority Special Tax Revenue 4.000%   9/1/22  1,000      1,067
  Roseville Finance Authority Special Tax Revenue 5.000%   9/1/23    550        622
  Roseville Finance Authority Special Tax Revenue 5.000%   9/1/24  1,100      1,297
  Roseville Finance Authority Special Tax Revenue 5.000%   9/1/27  1,100      1,435
  Roseville Finance Authority Special Tax Revenue 5.000%   9/1/29    750        963
2 Roseville Finance Authority Special Tax Revenue 5.000%   9/1/30  2,000      2,549
2 Roseville Finance Authority Special Tax Revenue 5.000%   9/1/31  2,665      3,373
1 Roseville Joint Union High School District (School Financing Project) COP 1.000%   6/1/26    300        300
1 Roseville Joint Union High School District (School Financing Project) COP 1.125%   6/1/27    370        370
1 Roseville Joint Union High School District (School Financing Project) COP 1.250%   6/1/28    615        613
1 Roseville Joint Union High School District (School Financing Project) COP 2.125%   6/1/35  2,000      2,036
  Roseville Joint Union High School District GO 0.000%   8/1/23    275        271
  Roseville Joint Union High School District GO 0.000%   8/1/24    580        567
  Roseville Joint Union High School District GO 0.000%   8/1/25    555        537
  Roseville Joint Union High School District GO 0.000%   8/1/26    500        477
  Roseville Joint Union High School District GO 5.000%   8/1/27    185        238
  Roseville Joint Union High School District GO 0.000%   8/1/28    500        443
2 Roseville Joint Union High School District GO 0.000%   8/1/29  3,215      2,874
  Roseville Joint Union High School District GO 0.000%   8/1/29  1,085        918
  Roseville Joint Union High School District GO 5.000%   8/1/29    200        254
  Roseville Joint Union High School District GO 0.000%   8/1/30  1,000        806
  Roseville Joint Union High School District GO 5.000%   8/1/30    300        379
2 Roseville Joint Union High School District GO 0.000%   8/1/31  6,815      5,792
  Roseville Joint Union High School District GO 0.000%   8/1/31  1,585      1,217
  Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000%  2/15/24    915      1,041
  Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000%  2/15/27    420        519
  Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000%  2/15/28    260        326
1 Sacramento Area Flood Control Agency 5.000%  10/1/22    445        484
1 Sacramento Area Flood Control Agency 5.000%  10/1/24    300        355
1 Sacramento Area Flood Control Agency 5.000%  10/1/26    280        329
1 Sacramento Area Flood Control Agency 5.000%  10/1/27    650        764
1 Sacramento Area Flood Control Agency 5.000%  10/1/28    250        293
1 Sacramento Area Flood Control Agency 5.000%  10/1/29    500        585
122
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Sacramento Area Flood Control Agency 5.000%  10/1/31  1,160      1,352
1 Sacramento Area Flood Control Agency 5.000%  10/1/33  1,280      1,488
1 Sacramento Area Flood Control Agency 5.000%  10/1/34  1,340      1,555
2 Sacramento CA City Unified School District GO 5.000%   7/1/21    600        616
2 Sacramento CA City Unified School District GO 4.000%   8/1/21  1,000      1,025
  Sacramento CA City Unified School District GO 5.000%   7/1/22    230        245
2 Sacramento CA City Unified School District GO 5.000%   7/1/22    940      1,004
2 Sacramento CA City Unified School District GO 4.000%   8/1/22    750        792
2 Sacramento CA City Unified School District GO 5.000%   8/1/23  1,575      1,756
2 Sacramento CA City Unified School District GO 5.000%   8/1/27    345        410
  Sacramento CA City Unified School District GO 5.000%   8/1/27    205        255
2 Sacramento CA City Unified School District GO 5.000%   8/1/30    385        452
2 Sacramento CA City Unified School District GO 5.000%   7/1/31    655        697
  Sacramento CA Cogeneration Authority Electric Power & Light Revenue (Procter & Gamble Project), ETM 5.250%   7/1/21  1,000      1,029
6,7 Sacramento CA Municipal Utility District Revenue TOB VRDO 0.210%  12/3/20  7,500      7,500
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/23    525        568
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/24    425        472
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/25    450        514
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/26    500        583
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/27  1,535      1,823
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/28  1,605      1,933
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/29  1,240      1,484
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/30    930      1,105
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/31  2,000      2,374
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/31  1,665      1,970
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/32  1,395      1,648
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/33    985      1,158
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/34  1,250      1,465
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/34  1,545      1,805
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/35  2,000      2,338
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/37  2,405      2,793
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/38  1,290      1,493
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/38  1,375      1,587
  Sacramento CA Water Revenue, Prere. 5.000%   9/1/23  3,210      3,632
  Sacramento City Financing Authority Lease (Abatement) Revenue 4.000%  12/1/20  3,700      3,700
  Sacramento City Financing Authority Lease (Abatement) Revenue 5.000%  12/1/20  2,000      2,000
123
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Sacramento City Financing Authority Lease (Abatement) Revenue 5.000%  12/1/32  1,300      1,574
1 Sacramento City Financing Authority Lease (Abatement) Revenue 5.000%  12/1/33  1,725      2,083
4 Sacramento City Financing Authority Tax Allocation Revenue 0.000%  12/1/25  5,000      4,752
4 Sacramento City Financing Authority Tax Allocation Revenue 0.000%  12/1/27 15,815     14,393
4 Sacramento City Financing Authority Tax Allocation Revenue 0.000%  12/1/31  5,000      4,073
4 Sacramento City Financing Authority Tax Allocation Revenue 0.000%  12/1/34  3,990      2,980
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/22    520        553
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/22    380        404
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/23    465        519
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/23  1,000      1,117
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/23    715        794
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/23    345        383
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/24    500        580
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/24  1,000      1,160
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/24  1,195      1,375
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/24    245        282
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/25  1,175      1,411
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/25    805        967
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/25  1,175      1,398
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/25  2,185      2,599
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/26  1,440      1,779
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/26  1,225      1,514
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/26  1,210      1,479
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/26  1,080      1,320
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/27  1,000      1,266
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/27  1,815      2,268
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/28  1,410      1,797
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/29    500        640
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/29    500        640
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/29  2,310      2,920
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/30  1,280      1,624
124
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/30  1,250      1,586
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/30  3,410      4,284
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/31    500        630
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/31  1,845      2,308
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/32  1,175      1,469
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/32    665        831
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/32  1,510      1,879
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/33    750        932
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/35  1,000      1,175
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/36  2,000      2,345
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/36  1,250      1,538
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/37  2,530      3,105
1 Sacramento County CA Airport System Port, Airport & Marina Revenue 4.000%   7/1/38    960      1,143
  Sacramento County CA Airport System Port, Airport & Marina Revenue, ETM 5.000%   7/1/22    595        639
  Sacramento County CA Airport System Port, Airport & Marina Revenue, ETM 5.000%   7/1/22  1,000      1,074
2 Sacramento County CA COP 5.000%  10/1/25  1,490      1,798
2 Sacramento County CA COP 5.000%  10/1/26  1,045      1,297
  Sacramento County CA COP 5.000%  10/1/27  1,100      1,390
2 Sacramento County CA COP 5.000%  10/1/27    660        839
2 Sacramento County CA COP 5.000%  10/1/28    695        902
2 Sacramento County CA COP 5.000%  10/1/29    565        744
  Sacramento County Sanitation Districts Financing Authority Lease (Non-Terminable) Revenue 5.000%  12/1/27  2,725      3,587
  Sacramento County Sanitation Districts Financing Authority Lease (Non-Terminable) Revenue 5.000%  12/1/28  2,725      3,679
  Sacramento County Sanitation Districts Financing Authority Lease (Non-Terminable) Revenue 5.000%  12/1/29  4,190      5,788
  Sacramento County Sanitation Districts Financing Authority Lease (Non-Terminable) Revenue 5.000%  12/1/30  3,400      4,803
  Sacramento County Sanitation Districts Financing Authority Sewer Revenue 5.000%  12/1/30  2,055      2,385
  Sacramento County Sanitation Districts Financing Authority Sewer Revenue 5.000%  12/1/34  5,335      6,161
  Sacramento County Sanitation Districts Financing Authority Sewer Revenue 5.000%  12/1/44 25,000     28,523
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/21  2,725      2,818
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/22  4,000      4,328
3 Sacramento Municipal Utility District Electric Power & Light Revenue 5.250%   7/1/24 10,085     11,172
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/25  2,555      3,124
125
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/25  1,500      1,834
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/26  2,540      3,208
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/26  2,000      2,526
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/27  4,905      5,523
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/28  2,000      2,250
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/30  6,435      6,954
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/32  2,615      3,522
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/37  1,025      1,144
  Sacramento Municipal Utility District Electric Power & Light Revenue PUT 5.000% 10/17/23 13,745     15,240
  Sacramento Municipal Utility District Electric Power & Light Revenue PUT 5.000% 10/15/25  2,525      2,989
  Sacramento Regional Transit District Transit Revenue 5.000%   3/1/22    680        682
  Sacramento Regional Transit District Transit Revenue 5.000%   3/1/28  1,575      1,577
  Sacramento Regional Transit District Transit Revenue 5.000%   3/1/29  1,660      1,662
  Sacramento Regional Transit District Transit Revenue 5.000%   3/1/30  1,875      1,877
  Sacramento Regional Transit District Transit Revenue 5.000%   3/1/31  1,970      1,972
7 Sacramento Transportation Authority Sales Tax Revenue VRDO 0.070%  12/3/20  6,045      6,045
  Salinas Union High School District GO 4.000%   8/1/36  1,000      1,210
  Salinas Union High School District GO 4.000%   8/1/37  1,000      1,206
  Salinas Union High School District GO 4.000%   8/1/38  1,200      1,444
  Salinas Union High School District GO 4.000%   8/1/39  1,000      1,201
  Salinas Union High School District GO 4.000%   8/1/40  1,000      1,198
2 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/21    225        234
2 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/22    225        244
2 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/23    350        395
2 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/24    470        551
2 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/25    560        681
2 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/26    890      1,116
2 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/27  1,245      1,603
2 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/28  2,315      3,054
2 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/29  1,415      1,853
2 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/30  1,115      1,453
2 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/33  1,370      1,749
2 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/35  2,500      3,175
2 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/37  5,880      7,419
126
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/38  3,250      4,088
4 San Bernardino City Unified School District GO 0.000%   8/1/27    300        278
2,4 San Bernardino City Unified School District GO 0.000%   8/1/27    455        423
2 San Bernardino City Unified School District GO 5.000%   8/1/28    470        596
2 San Bernardino City Unified School District GO 1.250%   8/1/29    450        442
2 San Bernardino City Unified School District GO 4.000%   8/1/29  1,100      1,357
2 San Bernardino City Unified School District GO 5.000%   8/1/29    550        695
2 San Bernardino City Unified School District GO 0.000%   8/1/30 11,700     10,064
2 San Bernardino City Unified School District GO 5.000%   8/1/30    630        794
2 San Bernardino City Unified School District GO 1.625%   8/1/31  2,000      1,987
2 San Bernardino City Unified School District GO 4.000%   8/1/31    900      1,112
2 San Bernardino City Unified School District GO 5.000%   8/1/31    230        288
2 San Bernardino City Unified School District GO, ETM 5.000%   8/1/21  1,230      1,269
2 San Bernardino City Unified School District GO, ETM 5.000%   8/1/22  1,525      1,648
2 San Bernardino City Unified School District GO, ETM 5.000%   8/1/23  1,100      1,234
2 San Bernardino City Unified School District GO, ETM 5.000%   8/1/24  1,400      1,577
2 San Bernardino City Unified School District GO, Prere. 5.000%   8/1/23  1,310      1,473
2 San Bernardino Community College District GO 0.000%   8/1/23  2,655      2,620
  San Bernardino Community College District GO 4.000%   8/1/34    125        148
  San Bernardino Community College District GO 4.000%   8/1/35    220        260
  San Bernardino Community College District GO 4.000%   8/1/36    255        300
  San Bernardino Community College District GO 4.000%   8/1/37    370        434
  San Bernardino Community College District GO 4.000%   8/1/38    475        556
  San Bernardino Community College District GO 4.000%   8/1/39    600        701
  San Bernardino Community College District GO, Prere. 4.000%   8/1/23  5,000      5,498
  San Bernardino Community College District GO, Prere. 4.000%   8/1/23 10,000     11,009
  San Bernardino Community College District GO, Prere. 4.000%   8/1/23 10,660     11,721
  San Bernardino Community College District GO, Prere. 4.000%   8/1/23 12,010     13,205
  San Bernardino Community College District GO, Prere. 5.000%   8/1/23  4,375      4,933
  San Bernardino Community College District GO, Prere. 5.000%   8/1/23  4,550      5,130
  San Bernardino Community College District GO, Prere. 5.000%   8/1/23  4,150      4,673
  San Bernardino Community College District GO, Prere. 0.000%   8/1/25  1,000        828
  San Bernardino Community College District GO, Prere. 0.000%   8/1/25  1,100        866
  San Bernardino Community College District GO, Prere. 0.000%   8/1/25  1,000        749
  San Bernardino Community College District GO, Prere. 0.000%   8/1/25  1,100        783
  San Bernardino Community College District GO, Prere. 0.000%   8/1/25  1,165        790
  San Bernardino Community College District GO, Prere. 5.000%   8/1/25  5,000      6,104
  San Bernardino Community College District GO, Prere. 5.000%   8/1/25  8,370     10,160
  San Bernardino County CA (Arrowhead Project) COP 5.000%  10/1/24  4,005      4,688
  San Bernardino County CA (Arrowhead Project) COP 5.000%  10/1/25 15,420     18,714
  San Bernardino County CA (Arrowhead Project) COP 5.000%  10/1/26 13,870     17,329
  San Bernardino County CA (Arrowhead Project) COP 5.000%  10/1/27  9,670     12,385
4 San Bernardino County CA (Medical Center Financing Project) COP 5.500%   8/1/22  8,940      9,485
  San Diego Association of Governments Appropriations Revenue 5.000% 11/15/23  6,030      6,586
  San Diego Association of Governments Appropriations Revenue 5.000% 11/15/24 12,750     14,521
  San Diego Association of Governments Appropriations Revenue 5.000% 11/15/25  6,750      7,999
  San Diego Association of Governments Appropriations Revenue 5.000% 11/15/26 14,000     17,156
  San Diego Association of Governments Appropriations Revenue 1.800% 11/15/27 14,840     15,505
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/23    100        110
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/27    790        974
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/29  1,315      1,598
127
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/30    210        254
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/31  2,335      2,807
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/32  2,735      3,273
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/33    815        972
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/34  3,055      3,630
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/35  1,610      1,909
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/36  1,525      1,804
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/37  1,070      1,263
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/38  1,230      1,448
6,7 San Diego CA Community College District GO TOB VRDO 0.210%  12/3/20  3,000      3,000
  San Diego CA Unified School District GO 5.000%   7/1/22  1,580      1,700
  San Diego CA Unified School District GO 4.000%   7/1/25  2,500      2,930
  San Diego CA Unified School District GO 5.000%   7/1/25  1,695      2,064
  San Diego CA Unified School District GO 5.000%   7/1/26  5,590      6,787
2 San Diego CA Unified School District GO 5.500%   7/1/26  7,565      9,732
  San Diego CA Unified School District GO 0.000%   7/1/28  6,885      6,407
  San Diego CA Unified School District GO 5.000%   7/1/28  6,555      7,905
  San Diego CA Unified School District GO 5.000%   7/1/28    725        874
  San Diego CA Unified School District GO 0.000%   7/1/29  1,250      1,097
  San Diego CA Unified School District GO 0.000%   7/1/29  3,250      2,956
  San Diego CA Unified School District GO 5.000%   7/1/29    750        902
  San Diego CA Unified School District GO 5.000%   7/1/29  3,330      4,152
  San Diego CA Unified School District GO 0.000%   7/1/30  2,010      1,689
  San Diego CA Unified School District GO 0.000%   7/1/30  2,570      2,283
  San Diego CA Unified School District GO 0.000%   7/1/30  2,330      2,070
  San Diego CA Unified School District GO 0.000%   7/1/30  9,725      8,639
  San Diego CA Unified School District GO 5.000%   7/1/30  7,610      8,511
  San Diego CA Unified School District GO 0.000%   7/1/31  2,300      1,846
  San Diego CA Unified School District GO 5.000%   7/1/31  1,200      1,437
  San Diego CA Unified School District GO 5.000%   7/1/31  3,000      3,836
  San Diego CA Unified School District GO 5.000%   7/1/31  8,985     10,039
  San Diego CA Unified School District GO 0.000%   7/1/32  2,000      1,530
  San Diego CA Unified School District GO 4.000%   7/1/32  1,000      1,142
  San Diego CA Unified School District GO 5.000%   7/1/32  5,125      5,716
  San Diego CA Unified School District GO 4.000%   7/1/33  2,000      2,271
  San Diego CA Unified School District GO 5.000%   7/1/33  4,440      5,629
  San Diego CA Unified School District GO 0.000%   7/1/34  2,600      2,092
  San Diego CA Unified School District GO 4.000%   7/1/34  3,000      3,395
  San Diego CA Unified School District GO 4.000%   7/1/34  2,025      2,404
  San Diego CA Unified School District GO 4.000%   7/1/34  3,000      3,790
  San Diego CA Unified School District GO 4.000%   7/1/35  3,600      4,064
  San Diego CA Unified School District GO 4.000%   7/1/35  3,390      4,011
  San Diego CA Unified School District GO 4.000%   7/1/35  2,000      2,519
  San Diego CA Unified School District GO 0.000%   7/1/36    375        286
  San Diego CA Unified School District GO 4.000%   7/1/36  1,640      2,015
  San Diego CA Unified School District GO 4.000%   7/1/36  2,145      2,635
  San Diego CA Unified School District GO 4.000%   7/1/36  4,375      5,480
128
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Diego CA Unified School District GO 3.000%   7/1/37  4,000      4,503
  San Diego CA Unified School District GO 4.000%   7/1/37  5,155      6,062
  San Diego CA Unified School District GO 4.000%   7/1/37  1,735      2,125
  San Diego CA Unified School District GO 4.000%   7/1/37  1,585      1,941
  San Diego CA Unified School District GO 3.000%   7/1/38  6,095      6,828
  San Diego CA Unified School District GO 4.000%   7/1/38  1,805      2,201
  San Diego CA Unified School District GO 4.000%   7/1/39  1,570      1,911
  San Diego CA Unified School District GO 4.000%   7/1/39  2,000      2,434
  San Diego CA Unified School District GO, ETM 0.000%   7/1/26  4,925      4,750
  San Diego CA Unified School District GO, ETM 0.000%   7/1/26  3,500      3,404
  San Diego CA Unified School District GO, ETM 0.000%   7/1/27  5,470      5,214
  San Diego CA Unified School District GO, ETM 0.000%   7/1/28  1,115      1,041
  San Diego CA Unified School District GO, ETM 0.000%   7/1/30    625        558
  San Diego Community College District GO 4.000%   8/1/32 23,150     27,213
  San Diego Community College District GO, Prere. 5.000%   8/1/22  4,100      4,426
  San Diego Community College District GO, Prere. 5.000%   8/1/23  1,000      1,126
  San Diego Community College District GO, Prere. 5.000%   8/1/23  2,150      2,421
  San Diego County CA COP 5.000% 10/15/24  2,125      2,517
  San Diego County CA COP 5.000% 10/15/25  5,305      6,279
  San Diego County CA COP 5.000% 10/15/26  2,590      3,062
  San Diego County CA COP 5.000% 10/15/27  2,000      2,362
  San Diego County CA COP 5.000% 10/15/28  1,400      1,650
  San Diego County CA COP 5.000% 10/15/29  2,010      2,362
  San Diego County CA Health, Hospital, Nursing Home Revenue 5.000%  11/1/22    425        463
  San Diego County CA Health, Hospital, Nursing Home Revenue 4.000%  11/1/23  1,710      1,893
  San Diego County CA Health, Hospital, Nursing Home Revenue 5.000%  11/1/24    805        950
  San Diego County CA Health, Hospital, Nursing Home Revenue 5.000%  11/1/26  1,395      1,703
  San Diego County CA Health, Hospital, Nursing Home Revenue 5.000%  11/1/28  2,450      2,983
  San Diego County CA Health, Hospital, Nursing Home Revenue 5.000%  11/1/30  2,195      2,666
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/23  1,660      1,856
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/23  3,780      4,222
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/23    380        424
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/24  1,265      1,469
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/24  7,115      8,253
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/25  1,000      1,203
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/25  3,700      4,445
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/25    300        360
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/26    200        248
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/26  1,935      2,396
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/26  5,310      6,575
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/26    400        495
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/27    330        419
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/27  1,535      1,947
129
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%   7/1/27  5,465      6,932
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/27    400        507
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/28    350        440
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/28  1,140      1,477
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/28  5,570      7,215
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/28    335        434
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/29    310        387
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/29  2,755      3,633
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/29    350        462
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/30    590        734
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/30    750        982
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/31  1,500      1,955
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/31    345        456
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/32  1,320      1,754
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/32  4,500      5,833
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/32  1,000      1,233
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/32    360        472
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/33  1,525      2,015
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/33  2,670      3,444
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/33  1,315      1,615
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/33    455        593
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/34  1,840      2,367
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/34  1,010      1,238
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/35  2,875      3,689
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/35  1,000      1,223
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/36  2,765      3,373
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/36    410        529
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/36  5,800      7,418
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/37  1,500      1,772
130
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%   7/1/37  1,690      2,057
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/37    560        720
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/38  1,505      1,773
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/38  2,850      3,708
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/38    585        750
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/39  3,035      3,940
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/39    615        786
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/39  6,000      7,614
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/40    650        829
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/40  4,115      5,328
  San Diego County Regional Transportation Commission Sales Tax Revenue VRDO 0.080%  12/3/20 42,215     42,215
4 San Diego County Water Authority COP 5.250%   5/1/22  7,075      7,587
  San Diego County Water Authority Water Revenue 5.000%   5/1/26  2,090      2,630
10 San Diego County Water Authority Water Revenue 5.000%   5/1/26  3,000      3,716
10 San Diego County Water Authority Water Revenue 5.000%   5/1/27  1,800      2,296
10 San Diego County Water Authority Water Revenue 5.000%   5/1/28  3,000      3,923
10 San Diego County Water Authority Water Revenue 5.000%   5/1/29  3,100      4,151
10 San Diego County Water Authority Water Revenue 5.000%   5/1/30  2,200      3,008
10 San Diego County Water Authority Water Revenue 5.000%   5/1/31  1,585      2,215
  San Diego County Water Authority Water Revenue 5.000%   5/1/35 13,795     16,762
  San Diego Public Facilities Financing Authority Lease (Non-Terminable) Revenue 5.000%   8/1/32  1,000      1,371
  San Diego Public Facilities Financing Authority Lease (Non-Terminable) Revenue 5.000%   8/1/33    500        682
  San Diego Public Facilities Financing Authority Lease (Non-Terminable) Revenue 5.000%   8/1/34    600        816
  San Diego Public Facilities Financing Authority Lease (Non-Terminable) Revenue 5.000%   8/1/35  1,110      1,505
  San Diego Public Facilities Financing Authority Lease (Non-Terminable) Revenue 4.000%   8/1/38  1,350      1,679
  San Diego Public Facilities Financing Authority Lease (Non-Terminable) Revenue 4.000%   8/1/39  2,500      3,101
  San Diego Public Facilities Financing Authority Lease (Non-Terminable) Revenue 4.000%   8/1/40  3,365      4,163
  San Diego Public Facilities Financing Authority Lease Revenue 5.000%   8/1/36  8,280     10,616
  San Diego Public Facilities Financing Authority Lease Revenue 5.000%   8/1/37  3,360      4,296
  San Diego Public Facilities Financing Authority Sewer Revenue 5.000%  5/15/34  5,000      6,175
  San Diego Public Facilities Financing Authority Sewer Revenue 5.000%  5/15/35  5,205      6,418
  San Diego Public Facilities Financing Authority Sewer Revenue 5.000%  5/15/36  5,000      6,151
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/22  3,230      3,491
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/25  4,270      5,203
  San Diego Public Facilities Financing Authority Water Revenue, Prere. 5.000%   8/1/22  2,000      2,159
  San Diego Public Facilities Financing Authority Water Revenue, Prere. 5.000%   8/1/22  4,190      4,523
  San Diego Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/21  2,135      2,212
131
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Diego Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/22  1,040      1,123
  San Diego Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/23  1,055      1,186
2 San Diego Redevelopment Agency Successor Agency Tax Allocation Revenue 0.000%   9/1/26  3,665      3,497
  San Diego Unified School District GO 0.000%   7/1/27  1,690      1,604
  San Diego Unified School District GO , ETM 0.000%   7/1/27  1,370      1,314
  San Dieguito Union High School District GO 4.000%   8/1/32  1,065      1,251
  San Dieguito Union High School District GO 4.000%   8/1/35  1,855      2,149
  San Dieguito Union High School District GO, Prere. 4.000%   8/1/23  1,750      1,924
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/28  1,685      2,048
  San Francisco Bay Area Rapid Transit District GO 4.000%   8/1/34  6,595      7,494
  San Francisco Bay Area Rapid Transit District GO 4.000%   8/1/34  4,000      4,938
  San Francisco Bay Area Rapid Transit District GO 4.000%   8/1/35  1,600      1,969
  San Francisco Bay Area Rapid Transit District GO 2.000%   8/1/39  2,500      2,536
  San Francisco Bay Area Rapid Transit District GO 2.000%   8/1/40  2,000      2,017
  San Francisco Bay Area Rapid Transit District GO 2.000%   8/1/41  3,595      3,614
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 5.000%   7/1/27  5,765      6,929
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 5.000%   7/1/28  2,510      3,012
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 5.000%   7/1/30    550        658
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 5.000%   7/1/31  2,215      2,645
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 5.000%   7/1/32  1,625      1,937
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 5.000%   7/1/33  1,500      1,785
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/34  1,615      1,908
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/36  3,045      3,579
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/37  2,510      2,943
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/38  3,045      3,552
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/39  2,100      2,445
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue, Prere. 5.000%   7/1/22    290        312
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue, Prere. 5.000%   7/1/22    690        742
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue, Prere. 5.000%   7/1/22    755        812
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue, Prere. 5.000%   7/1/22    780        839
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue, Prere. 5.000%   7/1/22  1,885      2,027
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue, Prere. 5.000%   7/1/22  2,045      2,199
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 4.000%  10/1/29  2,980      3,696
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 3.000%   4/1/30  8,085      9,010
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 4.000%  10/1/30  6,225      7,667
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 3.000%   4/1/31  8,405      9,277
  San Francisco CA City & County COP 5.000%   4/1/27 13,095     15,922
  San Francisco CA City & County COP 4.000%   4/1/28  2,015      2,488
  San Francisco CA City & County COP 5.000%   4/1/28    465        563
  San Francisco CA City & County COP 4.000%   4/1/29  2,095      2,559
  San Francisco CA City & County COP 4.000%   4/1/30  2,180      2,639
  San Francisco CA City & County COP 4.000%   9/1/30  5,215      5,675
  San Francisco CA City & County COP 4.000%   4/1/31  2,265      2,727
  San Francisco CA City & County COP 4.000%   9/1/31  5,100      5,540
132
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Francisco CA City & County COP 3.000%  10/1/31  6,075      6,830
  San Francisco CA City & County COP 4.000%   4/1/32  2,355      2,819
  San Francisco CA City & County COP 4.000%   9/1/32  5,680      6,157
  San Francisco CA City & County COP 4.000%   4/1/33  2,450      2,909
  San Francisco CA City & County COP 4.000%   4/1/35  9,870     11,207
  San Francisco CA City & County COP 4.000%   9/1/35  5,170      5,580
  San Francisco CA City & County COP 4.000%   4/1/36 10,665     12,084
  San Francisco CA City & County COP 4.000%   4/1/37  8,590      9,960
  San Francisco CA City & County COP 4.000%   4/1/38  4,930      5,691
  San Francisco CA City & County COP 4.000%   4/1/39  9,290     10,687
  San Francisco CA City & County COP 4.000%   4/1/40  9,660     11,082
  San Francisco CA City & County COP 4.000%   4/1/41  3,000      3,434
  San Francisco CA City & County GO 5.000%  6/15/22  2,640      2,773
  San Francisco CA City & County GO 5.000%  6/15/23  4,000      4,198
  San Francisco CA City & County GO 5.000%  6/15/23  2,220      2,382
  San Francisco CA City & County GO 5.000%  6/15/23  4,070      4,368
  San Francisco CA City & County GO 5.000%  6/15/24  2,335      2,506
  San Francisco CA City & County GO 5.000%  6/15/24  4,270      4,582
  San Francisco CA City & County GO 5.000%  6/15/25  4,485      4,812
  San Francisco CA City & County GO 5.000%  6/15/26  2,920      3,268
  San Francisco CA City & County GO 5.000%  6/15/27  5,815      6,504
  San Francisco CA City & County GO 4.000%  6/15/28  4,190      4,562
  San Francisco CA City & County GO 4.000%  6/15/29  4,545      4,935
  San Francisco CA City & County GO 4.000%  6/15/29  7,130      7,979
  San Francisco CA City & County GO 2.000%  6/15/31  1,815      1,924
  San Francisco CA City & County GO 2.000%  6/15/32  4,610      4,834
  San Francisco CA City & County GO 4.000%  6/15/32  1,650      2,022
  San Francisco CA City & County GO 2.000%  6/15/33  4,775      4,955
  San Francisco CA City & County GO 4.000%  6/15/33  8,160      9,044
  San Francisco CA City & County GO 4.000%  6/15/33    200        244
  San Francisco CA City & County GO 4.000%  6/15/34    275        335
  San Francisco CA City & County GO 4.000%  6/15/35    200        243
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/21  1,165      1,216
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/22    945      1,031
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/23  4,245      4,827
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/23  1,425      1,620
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/25  6,035      7,272
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/27  7,755      9,304
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/27  1,000      1,202
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/28  5,410      6,477
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/28  2,640      3,103
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/28  3,830      4,502
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/28  1,830      2,151
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/29 12,685     15,156
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/29  3,300      3,872
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/29  4,025      4,723
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/29  1,925      2,259
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/30  3,660      4,326
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/31  1,000      1,193
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/32  2,675      3,177
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/33  7,655      9,456
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/35  8,145     10,024
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/36  8,625      9,986
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/36  1,100      1,298
133
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%   5/1/22  5,000      5,342
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%   5/1/22  3,020      3,224
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%   5/1/22  3,510      3,747
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%   5/1/22  5,730      6,122
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24  3,470      4,113
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24  3,650      4,326
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24  3,835      4,546
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24  4,230      5,005
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24  4,450      5,265
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24  4,680      5,537
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24  2,500      2,958
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24  5,000      5,916
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24  4,000      4,733
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24  5,090      6,022
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24  2,025      2,396
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24  2,130      2,520
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24  2,240      2,650
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24  1,520      1,798
  San Francisco CA Public Utilities Commission Water Water Revenue, Prere. 4.000%   5/1/22    100        105
  San Francisco CA Public Utilities Commission Water Water Revenue, Prere. 5.000%   5/1/22     20         21
  San Francisco CA Public Utilities Commission Water Water Revenue, Prere. 5.000%  11/1/24     35         41
  San Francisco CA Public Utilities Commission Water Water Revenue, Prere. 5.000%  11/1/24    100        118
  San Francisco CA Public Utilities Commission Water Water Revenue, Prere. 5.000%  11/1/24     25         30
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/21  5,210      5,310
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/22  6,410      6,828
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/22  1,705      1,816
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/23  3,335      3,704
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/24  5,775      6,474
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/24  1,700      1,963
134
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/24  3,245      3,747
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/25  3,625      4,185
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/25  2,110      2,528
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/25  6,180      7,405
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/27  2,040      2,510
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/28  7,625      8,096
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/28  2,220      2,718
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/29  1,885      2,296
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/29  7,240      9,592
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/30  4,790      4,875
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/30  5,000      6,573
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/31    635        768
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/31  4,150      5,426
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/32 10,125     13,157
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/36  9,090     11,643
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/37  7,750      9,283
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/37 10,405     13,287
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/38  8,125      9,704
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/38 10,000     12,737
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/39  5,875      6,999
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/40  1,705      2,028
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue, Prere. 5.000%   5/3/21    550        561
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue, Prere. 5.000%   5/3/21  1,150      1,173
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue, Prere. 5.000%   5/3/21  1,200      1,224
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/26  5,865      7,184
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/26  1,795      2,199
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/27  1,885      2,303
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/28 10,235     11,097
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/30 13,170     14,252
135
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/31 14,015     15,161
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/31  7,000      8,481
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/32  3,610      3,904
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/32  3,000      3,623
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/34  9,495     11,453
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/34  3,550      4,547
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/35    125        160
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/35  9,980     12,011
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/36 10,495     12,609
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/37  3,135      3,983
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/38  4,790      6,073
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue PUT 2.125%  10/1/23  3,000      3,104
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/24    860      1,001
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/25    400        483
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/26  1,585      1,976
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/32  1,000      1,212
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/33    660        795
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/34    660        792
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/35    900      1,075
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/36    625        743
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/24    305        355
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/25    400        483
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/26    500        623
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/27    500        620
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/28    885      1,091
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/29    745        913
136
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/30    550        672
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/31    935      1,138
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/32    860      1,042
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/33    750        904
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/34    555        666
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/35    620        741
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/36    780        927
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/21    160        165
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/22    125        134
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/23    120        134
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/24    135        157
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/24    440        512
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/25    240        279
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/27    140        162
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/27    500        620
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/29    460        528
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/31    400        457
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/32    525        598
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/32    450        545
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/33    670        807
137
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/34    225        255
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/34    700        840
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/35    400        478
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/36    350        416
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Projects) 5.000%   8/1/21  2,030      2,095
  San Francisco Municipal Transportation Agency Transit Revenue 5.000%   3/1/29  1,585      1,743
  San Francisco Municipal Transportation Agency Transit Revenue 5.000%   3/1/31  1,060      1,164
  San Francisco Municipal Transportation Agency Transit Revenue 5.000%   3/1/32  2,170      2,380
  San Francisco Municipal Transportation Agency Transit Revenue 5.000%   3/1/33  3,025      3,315
  San Francisco Municipal Transportation Agency Transit Revenue 5.000%   3/1/34  1,640      1,859
  San Francisco Unified School District GO 5.000%  6/15/24  1,100      1,284
  San Francisco Unified School District GO 5.000%  6/15/27  6,475      7,538
  San Francisco Unified School District GO 5.000%  6/15/28 10,170     11,824
  San Francisco Unified School District GO 4.000%  6/15/32  5,300      5,617
  San Francisco Unified School District GO 4.000%  6/15/33  3,140      3,789
  San Francisco Unified School District GO 4.250%  6/15/33  4,000      4,253
  San Francisco Unified School District GO 4.000%  6/15/35  2,000      2,397
  San Francisco Unified School District GO 4.000%  6/15/36  2,500      2,987
  San Francisco Unified School District GO 3.000%  6/15/38 11,120     12,166
  San Francisco Unified School District GO 3.000%  6/15/39  9,000      9,820
  San Francisco Unified School District GO 3.000%  6/15/40  9,000      9,793
2 San Jacinto Unified School District COP 5.000%   9/1/21    850        879
2 San Jacinto Unified School District COP 5.000%   9/1/23    470        530
2 San Jacinto Unified School District COP 5.000%   9/1/24    985      1,157
2 San Jacinto Unified School District COP 5.000%   9/1/29  1,255      1,680
2 San Jacinto Unified School District COP 5.000%   9/1/31  1,385      1,865
2 San Jacinto Unified School District COP 5.000%   9/1/33  1,525      2,025
2 San Jacinto Unified School District COP 5.000%   9/1/35  1,685      2,221
  San Joaquin County Transportation Authority Sales Tax Revenue 4.000%   3/1/21    710        717
  San Joaquin County Transportation Authority Sales Tax Revenue 5.000%   3/1/22    320        339
  San Joaquin County Transportation Authority Sales Tax Revenue 5.000%   3/1/33  7,115      8,876
  San Joaquin County Transportation Authority Sales Tax Revenue 5.000%   3/1/34  1,485      1,846
  San Joaquin County Transportation Authority Sales Tax Revenue 5.000%   3/1/35  5,750      7,136
  San Joaquin County Transportation Authority Sales Tax Revenue 5.000%   3/1/36  4,725      6,142
  San Joaquin County Transportation Authority Sales Tax Revenue 5.000%   3/1/38  3,385      4,369
4 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/22    580        575
4 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/24  7,140      6,740
4 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/27    100         88
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 5.000%  1/15/29 12,210     13,990
4 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/31     50         39
4 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/32    160        122
138
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 5.000%  1/15/34  4,460      5,021
  San Joaquin Hills Transportation Corridor Agency Highway Revenue, ETM 0.000%   1/1/23 16,000     15,877
  San Joaquin Hills Transportation Corridor Agency Highway Revenue, ETM 0.000%   1/1/25 14,750     14,535
  San Jose CA Hotel Tax Hotel Occupancy Tax Revenue 6.125%   5/1/31  5,000      5,062
  San Jose Evergreen Community College District GO 5.000%   9/1/24  1,000      1,176
  San Jose Evergreen Community College District GO 4.000%   9/1/29    600        756
  San Jose Evergreen Community College District GO 4.000%   9/1/30    700        878
  San Jose Evergreen Community College District GO 4.000%   9/1/31    700        873
  San Jose Evergreen Community College District GO 4.000%   9/1/32    900      1,113
  San Jose Evergreen Community College District GO 4.000%   9/1/33    850      1,041
  San Jose Evergreen Community College District GO 3.000%   9/1/36  1,700      1,901
  San Jose Evergreen Community College District GO 3.000%   9/1/37  2,250      2,509
  San Jose Evergreen Community College District GO 3.000%   9/1/38  2,325      2,577
  San Jose Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/21  7,595      7,831
  San Jose Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/22  3,500      3,766
  San Jose Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/23  5,000      5,604
  San Jose Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/24  5,000      5,826
  San Jose Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/26  3,650      4,541
  San Jose Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/27  2,335      2,966
  San Jose Unified School District GO 5.000%   8/1/22    500        540
  San Jose Unified School District GO 5.000%   8/1/26    775        982
  San Jose Unified School District GO 5.000%   8/1/27    780      1,018
2 San Juan Unified School District GO 0.000%   8/1/25 10,000      9,759
2 San Juan Unified School District GO 0.000%   8/1/26 12,215     11,770
  San Juan Unified School District GO 3.000%   8/1/27  3,375      3,934
  San Juan Unified School District GO 3.000%   8/1/27  6,670      7,775
  San Juan Unified School District GO 4.000%   8/1/28  1,765      2,217
  San Juan Unified School District GO 4.000%   8/1/28  2,000      2,512
  San Juan Unified School District GO 4.000%   8/1/29  3,370      4,295
  San Juan Unified School District GO 4.000%   8/1/29  1,015      1,266
  San Juan Unified School District GO 4.000%   8/1/30    700        868
  San Juan Unified School District GO 4.000%   8/1/31  3,250      3,822
  San Juan Unified School District GO 4.000%   8/1/31  1,000      1,235
  San Juan Unified School District GO 4.000%   8/1/32  1,250      1,535
  San Juan Unified School District GO 2.375%   8/1/40  2,000      2,043
1 San Leandro Unified School District GO 4.000%   8/1/27    150        182
1 San Leandro Unified School District GO 4.000%   8/1/28    200        247
1 San Leandro Unified School District GO 4.000%   8/1/29    375        459
1 San Leandro Unified School District GO 4.000%   8/1/30    355        432
1 San Leandro Unified School District GO 4.000%   8/1/31    400        484
1 San Leandro Unified School District GO 4.000%   8/1/32    525        632
1 San Leandro Unified School District GO 4.000%   8/1/33    400        480
1 San Leandro Unified School District GO 4.000%   8/1/34    670        802
1 San Leandro Unified School District GO 4.000%   8/1/35    275        328
1 San Leandro Unified School District GO 4.000%   8/1/36  1,230      1,463
1 San Leandro Unified School District GO 4.000%   8/1/37    905      1,074
1 San Leandro Unified School District GO 4.000%   8/1/38    810        959
139
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 San Leandro Unified School District GO 4.000%   8/1/39    400        472
1 San Luis & Delta Mendota Water Authority Water Revenue (DHCCP Development Project) 5.000%   3/1/24    855        947
1 San Luis & Delta Mendota Water Authority Water Revenue (DHCCP Development Project) 5.000%   3/1/25    970      1,073
1 San Luis & Delta Mendota Water Authority Water Revenue (DHCCP Development Project) 5.000%   3/1/26    500        552
1 San Luis & Delta Mendota Water Authority Water Revenue (DHCCP Development Project) 5.000%   3/1/27  1,070      1,179
1 San Luis & Delta Mendota Water Authority Water Revenue (DHCCP Development Project) 5.000%   3/1/28    600        661
1 San Luis & Delta Mendota Water Authority Water Revenue (DHCCP Development Project) 5.000%   3/1/33  2,790      3,073
2 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/25    800        948
2 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/26    635        773
2 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/27    600        748
2 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/28    890      1,102
2 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/30    750        919
2 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/31  1,060      1,290
2 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/32    850      1,028
2 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/33  1,135      1,368
2 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/35  1,000      1,201
2 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/36  1,325      1,586
2 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/37  1,750      2,090
  San Marcos Unified School District GO 0.000%   8/1/25  2,300      2,221
  San Marcos Unified School District GO 0.000%   8/1/30  2,000      1,734
  San Marcos Unified School District GO 5.000%   8/1/30  4,050      5,205
  San Marcos Unified School District GO 0.000%   8/1/31  2,000      1,687
  San Marcos Unified School District GO 5.000%   8/1/31  3,625      4,635
  San Marcos Unified School District GO 0.000%   8/1/32  2,500      2,051
  San Marcos Unified School District GO 4.000%   8/1/32    300        361
  San Marcos Unified School District GO 5.000%   8/1/34  3,545      4,457
  San Marcos Unified School District GO 5.000%   8/1/35  4,000      5,018
  San Marcos Unified School District GO 5.000%   8/1/36  3,375      4,222
  San Marcos Unified School District GO 4.000%   8/1/37  4,015      4,712
  San Marcos Unified School District GO 4.000%   8/1/38  9,140     10,703
4 San Mateo County Community College District GO 0.000%   9/1/21  4,645      4,638
4 San Mateo County Community College District GO 0.000%   9/1/22  5,675      5,650
4 San Mateo County Community College District GO 0.000%   9/1/24  2,825      2,779
4 San Mateo County Community College District GO 0.000%   9/1/25  4,000      3,905
4 San Mateo County Community College District GO 0.000%   9/1/30  5,740      5,083
  San Mateo County Community College District GO 4.000%   9/1/34  2,670      3,248
  San Mateo County Community College District GO 5.000%   9/1/36  1,000      1,334
  San Mateo County Community College District GO 5.000%   9/1/37  1,000      1,331
  San Mateo County Community College District GO 5.000%   9/1/38    750        994
  San Mateo County Transit District Sales Tax Revenue 5.000%   6/1/21  1,385      1,418
140
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Mateo County Transit District Sales Tax Revenue 4.000%   6/1/22    600        635
  San Mateo County Transit District Sales Tax Revenue 5.000%   6/1/22    805        863
  San Mateo County Transit District Sales Tax Revenue 5.000%   6/1/31  1,365      1,630
7 San Mateo County Transportation Authority Sales Tax Revenue VRDO 0.100%  12/1/20  4,300      4,300
  San Mateo Foster CA City School District GO, Prere. 4.000%   8/1/25  1,580      1,853
  San Mateo Foster City Public Financing Authority Lease (Abatement) Revenue (Street & Flood Control Project) 4.000%   5/1/38    600        716
  San Mateo Foster City Public Financing Authority Lease (Abatement) Revenue (Street & Flood Control Project) 4.000%   5/1/39    600        715
  San Mateo Foster City Public Financing Authority Lease (Abatement) Revenue (Street & Flood Control Project) 4.000%   5/1/40    550        654
  San Mateo Foster City Public Financing Authority Sewer Revenue (Clean Water Program) 5.000%   8/1/34    840      1,119
  San Mateo Foster City Public Financing Authority Sewer Revenue (Clean Water Program) 4.000%   8/1/35  1,535      1,891
  San Mateo Foster City Public Financing Authority Sewer Revenue (Clean Water Program) 5.000%   8/1/36  1,450      1,920
  San Mateo Foster City Public Financing Authority Sewer Revenue (Clean Water Program) 4.000%   8/1/37  2,750      3,365
  San Mateo Foster City Public Financing Authority Sewer Revenue (Clean Water Program) 4.000%   8/1/39  1,250      1,522
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 4.000%  7/15/21  1,035      1,059
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 5.000%  7/15/22  1,335      1,438
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 5.000%  7/15/23  1,630      1,831
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 4.000%  7/15/32  4,500      5,196
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 4.000%  7/15/33  5,000      5,754
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 5.000%  6/15/23  1,210      1,354
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 5.000%  6/15/27  2,000      2,322
2 San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 5.000%  7/15/35  4,875      6,230
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 5.000%  7/15/36  6,075      7,729
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 5.000%  7/15/37  6,435      8,166
  San Mateo Union High School District GO 0.000%   9/1/24  2,665      2,537
  San Mateo Union High School District GO 4.000%   9/1/32  3,155      3,618
  San Mateo Union High School District GO 4.000%   9/1/33  3,540      4,149
  San Mateo Union High School District GO 4.000%   9/1/33  1,950      2,285
  San Mateo Union High School District GO 4.000%   9/1/35  1,585      1,841
  San Mateo Union High School District GO, Prere. 0.000%   9/1/23  2,725      2,590
  San Mateo Union High School District GO, Prere. 5.000%   9/1/23  1,315      1,484
  San Mateo Union High School District GO, Prere. 5.000%   9/1/23    725        818
  San Mateo Union High School District GO, Prere. 5.000%   9/1/23  1,285      1,454
  San Mateo Union High School District GO, Prere. 5.000%   9/1/23    715        809
2 San Pablo Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  6/15/22  1,000      1,068
2 San Pablo Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  6/15/23  1,250      1,392
2 San Pablo Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  6/15/27  1,770      2,035
141
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 San Pablo Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  6/15/28  1,860      2,131
2 San Pablo Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  6/15/30  2,275      2,601
4 San Rafael CA City High School District GO 0.000%   8/1/25    410        398
4 San Rafael CA City High School District GO 0.000%   8/1/26  3,315      3,171
4 San Rafael CA City High School District GO 0.000%   8/1/29  6,505      5,836
  San Rafael CA City High School District GO 4.000%   8/1/35  1,075      1,321
  San Rafael CA City High School District GO 4.000%   8/1/36  1,200      1,463
  San Rafael CA City High School District GO 3.000%   8/1/38  1,200      1,325
  San Rafael CA City High School District GO 3.000%   8/1/39  1,000      1,102
  San Rafael CA City High School District GO 3.000%   8/1/40  1,450      1,594
4 San Rafael City Elementary School District GO 0.000%   8/1/25  1,765      1,708
4 San Rafael City Elementary School District GO 0.000%   8/1/29  3,025      2,700
  San Rafael City Elementary School District GO 3.000%   8/1/34    325        356
  San Rafael City Elementary School District GO 3.000%   8/1/35  1,210      1,318
  San Rafael City Elementary School District GO 3.000%   8/1/37    825        894
3 San Ramon Public Financing Authority Tax Allocation Revenue 0.000%   2/1/25  1,020        981
3 San Ramon Public Financing Authority Tax Allocation Revenue 0.000%   2/1/27  1,700      1,580
3 San Ramon Public Financing Authority Tax Allocation Revenue 0.000%   2/1/28  1,800      1,635
1 San Ramon Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   2/1/25  1,520      1,805
1 San Ramon Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   2/1/26  1,595      1,877
1 San Ramon Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   2/1/27  1,670      1,956
  San Ramon Valley CA Unified School District GO 4.000%   8/1/28  1,225      1,340
  San Ramon Valley CA Unified School District GO 4.000%   8/1/28  1,225      1,340
  San Ramon Valley CA Unified School District GO 4.000%   8/1/32  2,000      2,289
  San Ramon Valley Fire Protection District COP 4.000%   8/1/22     85         90
  San Ramon Valley Fire Protection District COP 4.000%   8/1/23    100        109
  San Ramon Valley Fire Protection District COP 4.000%   8/1/24    115        129
  San Ramon Valley Fire Protection District COP 4.000%   8/1/25    100        116
  San Ramon Valley Fire Protection District COP 4.000%   8/1/26    100        118
  San Ramon Valley Fire Protection District COP 4.000%   8/1/27    100        120
  San Ramon Valley Fire Protection District COP 4.000%   8/1/28    115        140
  San Ramon Valley Fire Protection District COP 4.000%   8/1/29    100        123
  San Ramon Valley Fire Protection District COP 4.000%   8/1/30    105        130
  San Ramon Valley Fire Protection District COP 4.000%   8/1/31    200        247
  San Ramon Valley Fire Protection District COP 4.000%   8/1/32    125        153
  San Ramon Valley Fire Protection District COP 4.000%   8/1/33    135        164
  San Ramon Valley Fire Protection District COP 4.000%   8/1/34    260        315
  San Ramon Valley Fire Protection District COP 4.000%   8/1/36    530        638
  San Ramon Valley Fire Protection District COP 4.000%   8/1/37    300        360
  San Ramon Valley Fire Protection District COP 2.250%   8/1/38    290        290
  San Ramon Valley Fire Protection District COP 2.375%   8/1/39    870        876
  San Ramon Valley Fire Protection District COP 4.000%   8/1/40    300        357
1 San Ysidro School District (School Facilities Bridge Funding Program) COP, Prere. 5.000%   9/1/22    100        108
1 San Ysidro School District (School Facilities Bridge Funding Program) COP, Prere. 5.000%   9/1/22    200        217
1 San Ysidro School District (School Facilities Bridge Funding Program) COP, Prere. 5.000%   9/1/22    200        217
1 San Ysidro School District (School Facilities Bridge Funding Program) COP, Prere. 5.000%   9/1/22    320        346
4 San Ysidro School District GO 0.000%   8/1/26  4,770      4,436
142
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 Dist GO 5.000%   8/1/21    125        129
  Santa Ana College Improvement District #1 Rancho Santiago Community College Dist GO 5.000%   8/1/22    100        108
  Santa Ana College Improvement District #1 Rancho Santiago Community College Dist GO 5.000%   8/1/23    100        113
  Santa Ana College Improvement District #1 Rancho Santiago Community College Dist GO 5.000%   8/1/24    130        153
  Santa Ana College Improvement District #1 Rancho Santiago Community College Dist GO 5.000%   8/1/26    200        253
  Santa Ana College Improvement District #1 Rancho Santiago Community College Dist GO 5.000%   8/1/27    250        326
  Santa Ana College Improvement District #1 Rancho Santiago Community College Dist GO 4.000%   8/1/28    275        340
  Santa Ana College Improvement District #1 Rancho Santiago Community College Dist GO 4.000%   8/1/29    350        429
  Santa Ana College Improvement District #1 Rancho Santiago Community College Dist GO 4.000%   8/1/30    500        610
  Santa Ana College Improvement District #1 Rancho Santiago Community College Dist GO 4.000%   8/1/31    500        607
  Santa Ana College Improvement District #1 Rancho Santiago Community College Dist GO 4.000%   8/1/32    500        602
  Santa Ana College Improvement District #1 Rancho Santiago Community College Dist GO 4.000%   8/1/33    880      1,051
2 Santa Ana Unified School District (Capital Appreciation-Financing Project) COP 0.000%   4/1/32  1,750      1,375
4 Santa Ana Unified School District GO 0.000%   8/1/31  4,020      3,324
  Santa Barbara Unified School District GO 4.000%   8/1/30    875      1,067
  Santa Barbara Unified School District GO 4.000%   8/1/30    300        366
  Santa Clara CA Electric Electric Power & Light Revenue, Prere. 5.000%   7/1/21  1,000      1,028
  Santa Clara CA Electric Electric Power & Light Revenue, Prere. 5.250%   7/1/21  2,525      2,599
  Santa Clara CA Electric Electric Power & Light Revenue, Prere. 4.000%   1/1/23  4,720      5,078
  Santa Clara CA Electric Electric Power & Light Revenue, Prere. 4.000%   1/1/23  5,200      5,594
  Santa Clara CA Electric Electric Power & Light Revenue, Prere. 4.000%   1/1/23  5,230      5,626
  Santa Clara County CA GO 3.500%   8/1/38    160        165
  Santa Clara County Financing Authority Lease (Abatement) Revenue 5.000%  5/15/22  6,060      6,486
  Santa Clara County Financing Authority Lease (Abatement) Revenue 5.000%  5/15/22  4,090      4,378
  Santa Clara County Financing Authority Lease (Abatement) Revenue 5.000%  5/15/25  6,510      7,859
  Santa Clara County Financing Authority Lease (Abatement) Revenue 5.000%  5/15/26  6,800      8,196
  Santa Clara County Financing Authority Lease (Abatement) Revenue 4.000%  5/15/33  7,500      8,482
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%  5/15/34 11,190     11,938
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%  5/15/35  8,665      9,231
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/36  2,000      2,175
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/37  2,000      2,158
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/38  2,000      2,138
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/39  2,000      2,133
143
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/40  2,000      2,112
  Santa Clara County GO 5.000%   8/1/28  8,830      9,520
  Santa Clara Unified School District GO 5.000%   7/1/22  2,060      2,218
  Santa Clara Unified School District GO 5.000%   7/1/25  3,595      4,208
  Santa Clara Unified School District GO 4.000%   7/1/29  6,650      7,890
  Santa Clara Unified School District GO 4.000%   7/1/29  8,235      9,770
  Santa Clara Unified School District GO 4.000%   7/1/30  8,800     10,397
  Santa Clara Unified School District GO 3.000%   7/1/31  4,460      4,936
  Santa Clara Unified School District GO 3.000%   7/1/32  4,770      5,252
  Santa Clara Unified School District GO 3.000%   7/1/33  1,610      1,765
  Santa Clara Unified School District GO 4.000%   7/1/33  8,750     10,216
  Santa Clara Unified School District GO 3.000%   7/1/34  5,430      5,935
  Santa Clara Unified School District GO 3.000%   7/1/36  6,150      6,693
  Santa Clara Unified School District GO 3.000%   7/1/37  6,545      7,097
  Santa Clara Unified School District GO 3.000%   7/1/38  3,225      3,491
  Santa Clara Valley Transportation Authority Sales Tax Revenue VRDO 0.100%  12/1/20 12,320     12,320
  Santa Clara Valley Water District COP 5.000%   6/1/21    525        537
  Santa Clara Valley Water District COP 5.000%   6/1/22    550        590
4 Santa Clarita Community College District GO 0.000%   8/1/28    400        368
2 Santa Clarita Community College District GO 0.000%   8/1/29  3,030      2,718
2 Santa Clarita Community College District GO 0.000%   8/1/30  1,860      1,628
  Santa Clarita Community College District GO 3.000%   8/1/33    350        391
  Santa Clarita Community College District GO 3.000%   8/1/34    450        500
  Santa Clarita Community College District GO 3.000%   8/1/35    700        776
  Santa Clarita Community College District GO 3.000%   8/1/37    800        879
  Santa Clarita Community College District GO 3.000%   8/1/38    750        821
  Santa Clarita Community College District GO 3.000%   8/1/39    900        983
  Santa Clarita Community College District GO 3.000%   8/1/40    800        872
  Santa Clarita Community College District GO, Prere. 5.000%   8/1/22  5,450      5,888
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 3.000%   6/1/31    375        418
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 3.000%   6/1/32    340        375
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 2.000%   6/1/34    435        437
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 2.125%   6/1/35    445        449
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 2.250%   6/1/36    250        253
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 2.375%   6/1/38    400        407
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 2.500%   6/1/41    555        563
  Santa Margarita-Dana Point Authority Lease (Non-Terminable) Revenue 4.000%   6/1/33    365        459
  Santa Margarita-Dana Point Authority Lease (Non-Terminable) Revenue 4.000%   6/1/34    700        876
  Santa Margarita-Dana Point Authority Lease (Non-Terminable) Revenue 3.000%   6/1/36    800        899
  Santa Margarita-Dana Point Authority Lease (Non-Terminable) Revenue 3.000%   6/1/38    875        977
  Santa Margarita-Dana Point Authority Lease (Non-Terminable) Revenue 3.000%   6/1/39    900      1,002
  Santa Margarita-Dana Point Authority Lease (Non-Terminable) Revenue 3.000%   6/1/40    700        777
144
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Santa Monica Community College District GO 0.000%   8/1/24  4,500      4,424
  Santa Monica Community College District GO 0.000%   8/1/26 11,025     10,611
  Santa Monica Community College District GO 4.000%   8/1/30  2,000      2,244
  Santa Monica Community College District GO 5.000%   8/1/30    500        663
  Santa Monica Community College District GO 5.000%   8/1/31    600        792
  Santa Monica Community College District GO 4.000%   8/1/32  2,565      2,869
  Santa Monica Community College District GO 5.000%   8/1/32    535        700
  Santa Monica Community College District GO 4.000%   8/1/33  3,510      3,920
  Santa Monica Community College District GO 4.000%   8/1/33    500        611
  Santa Monica Community College District GO 4.000%   8/1/34    650        789
10 Santa Monica-Malibu Unified School District COP 4.000%   5/1/28    100        124
10 Santa Monica-Malibu Unified School District COP 4.000%   5/1/29    150        185
10 Santa Monica-Malibu Unified School District COP 4.000%   5/1/30    200        245
10 Santa Monica-Malibu Unified School District COP 4.000%   5/1/32    350        423
10 Santa Monica-Malibu Unified School District COP 4.000%   5/1/34    500        599
10 Santa Monica-Malibu Unified School District COP 4.000%   5/1/36    300        358
10 Santa Monica-Malibu Unified School District COP 4.000%   5/1/37    600        713
10 Santa Monica-Malibu Unified School District COP 4.000%   5/1/38    500        593
10 Santa Monica-Malibu Unified School District COP 4.000%   5/1/39    750        888
10 Santa Monica-Malibu Unified School District COP 4.000%   5/1/40    500        589
10 Santa Monica-Malibu Unified School District COP 4.000%   5/1/41    400        470
10 Santa Monica-Malibu Unified School District COP 4.000%   5/1/42    500        586
  Santa Monica-Malibu Unified School District GO 5.000%   7/1/30    250        322
  Santa Monica-Malibu Unified School District GO 5.000%   7/1/31    350        449
  Santa Monica-Malibu Unified School District GO 4.000%   8/1/31  1,600      1,841
  Santa Monica-Malibu Unified School District GO 4.000%   8/1/31    125        144
  Santa Monica-Malibu Unified School District GO 5.000%   7/1/32    250        319
  Santa Monica-Malibu Unified School District GO 5.000%   7/1/33    250        318
  Santa Monica-Malibu Unified School District GO 4.000%   8/1/33  1,150      1,315
  Santa Monica-Malibu Unified School District GO 5.000%   7/1/34    315        400
  Santa Monica-Malibu Unified School District GO 5.000%   7/1/35    350        443
  Santa Monica-Malibu Unified School District GO 4.000%   7/1/36    430        513
  Santa Monica-Malibu Unified School District GO 4.000%   7/1/37    465        553
  Santa Rosa CA Wastewater Sewer Revenue 5.000%   9/1/21  1,300      1,347
  Santa Rosa CA Wastewater Sewer Revenue 5.000%   9/1/22  1,165      1,263
  Santa Rosa CA Wastewater Sewer Revenue 5.000%   9/1/25    815        996
  Santa Rosa CA Wastewater Sewer Revenue 5.000%   9/1/26    920      1,161
2,3 Santa Rosa CA Wastewater Sewer Revenue 0.000%   9/1/28 11,095     10,183
2 Santa Rosa High School District GO 5.000%   8/1/28    500        629
2 Santa Rosa High School District GO 5.000%   8/1/30    800      1,002
2 Santa Rosa High School District GO 5.000%   8/1/32  1,095      1,360
2 Santa Rosa High School District GO 5.000%   8/1/34    965      1,191
2 Santa Rosa High School District GO 5.000%   8/1/35    750        923
  Santee CDC Successor Agency Tax Allocation Revenue 4.000%   8/1/21    600        615
  Santee CDC Successor Agency Tax Allocation Revenue 5.000%   8/1/22    570        613
  Saugus Union School District School Facilities Improvement District No. 2014-1 GO 3.000%   8/1/36  2,375      2,664
  Sequoia Union High School District GO 4.000%   7/1/43 32,370     35,895
  Shasta-Tehama-Trinity Joint Community College District GO 5.000%   8/1/31    300        384
  Shasta-Tehama-Trinity Joint Community College District GO 5.000%   8/1/32    275        351
  Shasta-Tehama-Trinity Joint Community College District GO 4.000%   8/1/36    700        823
  Shasta-Tehama-Trinity Joint Community College District GO 4.000%   8/1/37  1,000      1,174
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/21    225        229
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/22    230        241
145
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/23    260        280
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/24    240        264
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/25    290        326
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/26    300        343
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/28    660        812
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/29    630        783
  Silicon Valley Clean Water Sewer Revenue 5.000%   8/1/21    725        748
  Silicon Valley Clean Water Sewer Revenue 5.000%   8/1/28  1,000      1,217
  Silicon Valley Clean Water Sewer Revenue 5.000%   8/1/35  1,000      1,200
  Simi Valley Unified School District GO 5.000%   8/1/21  1,220      1,259
  Simi Valley Unified School District GO 5.000%   8/1/22  1,500      1,621
  Simi Valley Unified School District GO 5.000%   8/1/24  3,455      4,056
2 Simi Valley Unified School District GO 0.000%   8/1/26  3,030      2,892
  Simi Valley Unified School District GO 5.000%   8/1/26  2,025      2,557
2 Simi Valley Unified School District GO 0.000%   8/1/27  2,950      2,764
2 Simi Valley Unified School District GO 0.000%   8/1/28  4,785      4,382
  Simi Valley Unified School District GO 4.000%   8/1/32    200        240
  Simi Valley Unified School District GO 4.000%   8/1/33    175        209
  Simi Valley Unified School District GO 3.000%   8/1/34    320        352
  Simi Valley Unified School District GO 3.000%   8/1/35    525        576
  Simi Valley Unified School District GO 3.000%   8/1/36    750        818
  Simi Valley Unified School District GO 4.000%   8/1/36  1,240      1,459
  Simi Valley Unified School District GO 3.000%   8/1/37    500        544
  Simi Valley Unified School District GO 4.000%   8/1/37  1,320      1,549
  Simi Valley Unified School District GO 4.000%   8/1/38    350        410
  Simi Valley Unified School District GO 4.000%   8/1/39    365        427
  Solana Beach School District Special Tax Revenue 5.000%   9/1/29  2,115      2,261
  Solana Beach School District Special Tax Revenue 5.000%   9/1/32  2,655      2,827
4 Solano County Community College District GO 0.000%   8/1/21    985        983
  Soledad Unified School District Ad Valorem Property Tax Revenue BAN 0.000%   8/1/21  2,120      2,113
  Sonoma County Junior College District GO 3.000%   8/1/39  1,055      1,162
  Sonoma County Transportation Authority Sales Tax Revenue 5.000%  12/1/22  2,520      2,764
  Sonoma Valley Unified School District GO 5.000%   8/1/32  1,250      1,506
  Sonoma-Marin Area Rail Transit District Sales Tax Revenue, Prere. 5.000%   3/1/22    550        583
  Sonoma-Marin Area Rail Transit District Sales Tax Revenue, Prere. 5.000%   3/1/22     10         11
  South Bay Union School District/San Diego County BAN GO 0.000%   8/1/22  2,250      2,230
2 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/31    320        425
2 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/32    500        657
2 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/33    935      1,223
2 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/34  1,345      1,754
2 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/37  2,240      2,892
2 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/38  2,630      3,383
146
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  South Orange County Public Financing Authority Special Tax Revenue 5.000%  8/15/23  1,000      1,054
  South Orange County Public Financing Authority Special Tax Revenue 5.000%  8/15/25  1,250      1,317
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Police Station Project) 4.000%   6/1/33    355        438
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Police Station Project) 4.000%   6/1/35    700        856
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Police Station Project) 4.000%   6/1/37    550        666
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Police Station Project) 4.000%   6/1/38    870      1,047
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Police Station Project) 4.000%   6/1/39    600        720
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Police Station Project) 4.000%   6/1/40    700        832
  South San Francisco Unified School District GO 4.000%   9/1/33  6,330      7,214
  South San Francisco Unified School District GO 5.000%   9/1/40    150        178
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   4/1/24  3,600      4,124
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/25  6,790      8,095
  Southern California Public Power Authority Electric Power & Light Revenue (Apex Power Project) 5.000%   7/1/37  1,800      2,062
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project) 5.000%   7/1/21    450        462
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project) 5.000%   7/1/31  5,605      6,692
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project) 5.000%   7/1/33 11,695     13,893
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project) 5.000%   7/1/34  5,000      5,932
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project) 5.000%   7/1/35  8,470     10,028
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project) PUT 0.650%   7/1/25  5,245      5,257
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project), ETM 5.000%   7/1/21    550        565
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project), Prere. 5.000%   7/1/21  4,000      4,112
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project), Prere. 5.000%   7/1/21  2,375      2,442
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project), Prere. 5.000%   7/1/21  1,675      1,722
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project), Prere. 5.000%   7/1/21  1,250      1,285
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project), Prere. 5.000%   7/1/21  1,000      1,028
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/26    320        402
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/27    350        453
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/28    585        776
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/29    430        584
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/30    400        555
147
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/31    325        449
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/32    500        686
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/33    840      1,145
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/36    800      1,075
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/37  1,000      1,340
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 4.000%   7/1/39  1,305      1,590
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 4.000%   7/1/40    625        757
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/25  1,085      1,319
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/26    700        880
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/27  1,135      1,469
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/28  3,860      5,123
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/29  2,000      2,717
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/30  1,725      2,394
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/31  1,630      2,250
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/32  1,400      1,920
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/33  1,230      1,677
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/36  2,600      3,494
7 Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-20) VRDO 0.070%  12/1/20 46,330     46,330
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.250%  11/1/23  5,540      6,303
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.250%  11/1/24  5,000      5,917
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.250%  11/1/25  7,025      8,575
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.250%  11/1/26  4,195      5,245
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.000%  11/1/28  2,315      2,958
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.000%  11/1/29    300        389
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.000%  11/1/33  7,000      9,580
  Southern California Water Replenishment District Lease (Non-Terminable) Revenue 5.000%   8/1/22    900        973
  Southern California Water Replenishment District Lease (Non-Terminable) Revenue 5.000%   8/1/23  1,370      1,546
  Southern California Water Replenishment District Lease (Non-Terminable) Revenue 5.000%   8/1/26    750        915
  Southern California Water Replenishment District Lease (Non-Terminable) Revenue 5.000%   8/1/27  1,460      1,777
148
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Southern California Water Replenishment District Lease (Non-Terminable) Revenue 5.000%   8/1/29  1,500      1,820
  Southern California Water Replenishment District Lease (Non-Terminable) Revenue 5.000%   8/1/30  1,120      1,355
  Southern California Water Replenishment District Lease (Non-Terminable) Revenue 5.000%   8/1/31  1,470      1,771
  Southern California Water Replenishment District Lease (Non-Terminable) Revenue 5.000%   8/1/32  2,410      2,892
  Southern California Water Replenishment District Lease (Non-Terminable) Revenue 5.000%   8/1/33  2,325      2,783
  Southern California Water Replenishment District Lease (Non-Terminable) Revenue 5.000%   8/1/34  4,825      5,765
  Southern California Water Replenishment District Lease (Non-Terminable) Revenue 5.000%   8/1/35  2,840      3,385
  Southern California Water Replenishment District Lease (Non-Terminable) Revenue 5.000%   8/1/36  3,000      3,566
  Southwestern Community College District GO 0.000%   8/1/24    750        734
  Southwestern Community College District GO 0.000%   8/1/25  1,090      1,040
  Southwestern Community College District GO 0.000%   8/1/26  2,000      1,828
  Southwestern Community College District GO 0.000%   8/1/27  2,000      1,748
  Southwestern Community College District GO 0.000%   8/1/28  2,535      2,108
  Southwestern Community College District GO 5.000%   8/1/29  1,000      1,257
  Southwestern Community College District GO 5.000%   8/1/29    300        388
  Southwestern Community College District GO 5.000%   8/1/30    300        386
  Southwestern Community College District GO 4.000%   8/1/31    300        364
  Southwestern Community College District GO 4.000%   8/1/32  1,000      1,177
  Southwestern Community College District GO 4.000%   8/1/32    250        301
  Southwestern Community College District GO 4.000%   8/1/33    300        358
  Southwestern Community College District GO 4.000%   8/1/34  1,760      2,043
  Southwestern Community College District GO 4.000%   8/1/35  1,500      1,738
  Southwestern Community College District GO 4.000%   8/1/36  1,200      1,412
  Southwestern Community College District GO 4.000%   8/1/36  1,360      1,629
  Southwestern Community College District GO 4.000%   8/1/37  2,385      2,799
  Southwestern Community College District GO 4.000%   8/1/37    730        872
  Southwestern Community College District GO 4.000%   8/1/38  1,750      2,049
  Southwestern Community College District GO 4.000%   8/1/38  1,110      1,323
  Southwestern Community College District GO 4.000%   8/1/39  1,745      2,075
  Southwestern Community College District GO 4.000%   8/1/40  1,890      2,243
9 St. Helena Unified School District GO, 4.000% coupon rate effective 8/1/23 0.000%   8/1/27  4,550      4,887
  State Center Community College District GO 5.000%   8/1/27    635        827
  State Center Community College District GO 4.000%   8/1/34  1,000      1,187
  State Center Community College District GO 4.000%   8/1/36  1,045      1,231
  State Center Community College District GO 4.000%   8/1/37  1,025      1,204
  State Center Community College District GO 3.000%   8/1/40  5,000      5,590
  Stockton Public Financing Authority Lease (Non-Terminable) Revenue BAN 1.400%   6/1/22 17,500     17,552
1 Stockton Public Financing Authority Lease Revenue 5.000%  10/1/23    725        813
1 Stockton Public Financing Authority Lease Revenue 5.000%  10/1/24    900      1,046
1 Stockton Public Financing Authority Lease Revenue 5.000%  10/1/25  1,000      1,204
1 Stockton Public Financing Authority Lease Revenue 5.000%  10/1/26  1,000      1,238
1 Stockton Public Financing Authority Lease Revenue 5.000%  10/1/27  2,200      2,793
1 Stockton Public Financing Authority Lease Revenue 5.000%  10/1/28  1,815      2,356
1 Stockton Public Financing Authority Lease Revenue 5.000%  10/1/29  1,540      1,985
1 Stockton Public Financing Authority Lease Revenue 5.000%  10/1/30  1,765      2,264
1 Stockton Public Financing Authority Lease Revenue 5.000%  10/1/32  1,635      2,068
149
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Stockton Public Financing Authority Lease Revenue 5.000%  10/1/33  1,290      1,622
1 Stockton Public Financing Authority Lease Revenue 5.000%  10/1/34  1,590      1,991
1 Stockton Public Financing Authority Lease Revenue 5.000%  10/1/35  1,550      1,936
1 Stockton Public Financing Authority Lease Revenue 4.000%  10/1/37  1,730      1,989
1 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/22  1,000      1,075
1 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/23  1,015      1,134
1 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/24  1,000      1,159
1 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/25  1,250      1,448
1 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/26  1,375      1,588
1 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/27  1,250      1,438
1 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/28  2,215      2,538
1 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/29  1,055      1,205
1 Stockton Public Financing Authority Special Tax Revenue 4.000%   9/2/21    450        462
1 Stockton Public Financing Authority Special Tax Revenue 4.000%   9/2/22    950      1,004
1 Stockton Public Financing Authority Special Tax Revenue 4.000%   9/2/23    660        719
1 Stockton Public Financing Authority Special Tax Revenue 4.000%   9/2/24  1,090      1,222
1 Stockton Public Financing Authority Special Tax Revenue 4.000%   9/2/25  1,100      1,267
1 Stockton Public Financing Authority Special Tax Revenue 4.000%   9/2/26  1,170      1,377
  Stockton Public Financing Authority Water Revenue (Delta Water Supply Project), Prere. 6.125%  10/1/23  1,000      1,166
2 Stockton Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/28  1,600      1,949
2 Stockton Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/29  1,500      1,808
2 Stockton Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/33  2,890      3,424
2 Stockton Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/34  2,000      2,366
  Stockton Unified School District GO 5.000%   8/1/21  2,185      2,255
  Stockton Unified School District GO 5.000%   8/1/22  2,650      2,862
2 Stockton Unified School District GO 5.000%   7/1/23  1,110      1,188
  Stockton Unified School District GO 5.000%   8/1/23  2,055      2,298
2 Stockton Unified School District GO 5.000%   7/1/24  1,570      1,680
1 Stockton Unified School District GO 5.000%   8/1/24    100        116
2 Stockton Unified School District GO 0.000%   8/1/27    740        689
1 Stockton Unified School District GO 5.000%   8/1/27    225        286
1 Stockton Unified School District GO 5.000%   8/1/28  1,000      1,154
1 Stockton Unified School District GO 5.000%   8/1/28    885      1,152
1 Stockton Unified School District GO 5.000%   8/1/29    600        691
1 Stockton Unified School District GO 5.000%   8/1/29    805      1,041
2 Stockton Unified School District GO 4.000%   8/1/30  1,960      2,168
1 Stockton Unified School District GO 5.000%   8/1/30  1,555      1,784
1 Stockton Unified School District GO 5.000%   8/1/30    130        167
1 Stockton Unified School District GO 5.000%   8/1/31  1,875      2,146
1 Stockton Unified School District GO 5.000%   8/1/32  2,060      2,352
2 Stockton Unified School District GO 0.000%   8/1/33    635        504
1 Stockton Unified School District GO 5.000%   8/1/33  2,250      2,564
1 Stockton Unified School District GO 5.000%   8/1/34  2,105      2,395
1 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/23  1,110      1,252
1 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/25  1,000      1,172
1 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/26  1,275      1,489
1 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/27  1,360      1,583
150
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/28  1,280      1,487
1 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/29  2,255      2,613
1 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/30  1,000      1,157
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Green Bond-Civic Center Project) 4.000%   4/1/37  1,925      2,351
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Green Bond-Civic Center Project) 4.000%   4/1/38  3,015      3,666
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Green Bond-Civic Center Project) 4.000%   4/1/39  2,000      2,426
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Green Bond-Civic Center Project) 4.000%   4/1/40  1,325      1,598
2 Sweetwater Union High School District GO 0.000%   8/1/23  1,575      1,541
  Sweetwater Union High School District GO 3.000%   8/1/23    815        860
1 Sweetwater Union High School District GO 5.000%   8/1/23  1,090      1,215
  Sweetwater Union High School District GO 3.000%   8/1/24    300        322
1 Sweetwater Union High School District GO 5.000%   8/1/24  1,255      1,452
  Sweetwater Union High School District GO 3.000%   8/1/25    455        498
1 Sweetwater Union High School District GO 5.000%   8/1/27  7,000      8,042
1 Sweetwater Union High School District GO 5.000%   8/1/28  8,000      9,157
  Sweetwater Union High School District GO 5.000%   8/1/35  5,000      5,775
1 Tahoe-Truckee Unified School District COP 5.000%   6/1/25    330        397
1 Tahoe-Truckee Unified School District COP 5.000%   6/1/26    175        217
1 Tahoe-Truckee Unified School District COP 5.000%   6/1/27    185        229
1 Tahoe-Truckee Unified School District COP 5.000%   6/1/28    390        483
1 Tahoe-Truckee Unified School District COP 5.000%   6/1/29    480        593
1 Tahoe-Truckee Unified School District COP 5.000%   6/1/30    475        585
1 Tahoe-Truckee Unified School District COP 5.000%   6/1/31    180        221
1 Tahoe-Truckee Unified School District COP 5.000%   6/1/32    175        216
1 Tahoe-Truckee Unified School District COP 5.000%   6/1/33    225        276
1 Tahoe-Truckee Unified School District COP 5.000%   6/1/34    245        300
1 Tahoe-Truckee Unified School District COP 4.000%   6/1/35    515        588
1 Tahoe-Truckee Unified School District COP 4.000%   6/1/36    255        290
1 Tahoe-Truckee Unified School District COP 4.000%   6/1/37    310        352
1 Tahoe-Truckee Unified School District COP 3.000%   6/1/38  1,485      1,578
1 Tahoe-Truckee Unified School District COP 4.000%   6/1/39    260        294
  Tahoe-Truckee Unified School District GO 5.000%   8/1/26    330        418
  Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000% 12/15/20    750        751
  Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000% 12/15/21  1,495      1,550
  Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/22    800        869
  Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/23  1,395      1,573
  Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/24  1,720      2,008
  Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/25  1,795      2,164
  Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/26  1,440      1,771
  Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/27  1,000      1,260
2 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/28    530        679
151
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/29    500        635
2 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/30    535        677
2 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/31  1,000      1,256
2 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/32    785        981
2 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/33  1,650      2,050
2 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/34  1,705      2,115
2 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/35  2,620      3,241
2 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/36  2,765      3,409
2 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/37  2,350      2,889
1 Temecula Valley Unified School District GO 4.300%   8/1/32  2,000      2,220
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/22  1,000      1,070
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/23  2,000      2,229
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/24  2,000      2,317
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/26  1,000      1,236
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/27  2,000      2,542
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/28  1,500      1,953
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 2.250%   6/1/29    575        633
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/29  1,500      1,997
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/31  3,655      4,866
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/32  1,000      1,322
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/33  2,000      2,629
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/34  3,000      3,927
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/36  1,000      1,296
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/37  1,000      1,289
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/38  2,000      2,566
  Tracy CA Community Facilities District Special Tax Revenue 3.000%   9/1/22    120        123
  Tracy CA Community Facilities District Special Tax Revenue 3.000%   9/1/23    145        151
  Tracy CA Community Facilities District Special Tax Revenue 3.000%   9/1/24    165        173
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/25    185        204
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/26    210        233
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/27    235        262
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/28    265        297
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/29    295        332
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/30    325        364
152
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/35  2,155      2,380
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/40  3,215      3,515
  Tracy Community Development Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/21    900        928
2 Tracy Community Development Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/23    400        448
2 Tracy Community Development Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/24    400        466
2 Tracy Community Development Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/25    960      1,161
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/25    600        725
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/26    600        746
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/27    615        780
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/28    720        927
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/29    665        870
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/30    500        658
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/31    600        786
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/32    500        650
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/33    500        647
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/34    600        775
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/35    700        902
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/37  1,000      1,280
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/38  1,000      1,276
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/39  1,000      1,273
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/40  1,165      1,475
  Transbay Joint Powers Authority Tax Allocation Revenue 2.400%  10/1/49  2,505      2,542
2 Tulare CA Sewer Revenue 4.000% 11/15/36  1,500      1,751
2 Tulare CA Sewer Revenue 4.000% 11/15/37  1,000      1,163
2 Tulare CA Sewer Revenue 4.000% 11/15/38  1,250      1,450
2 Tulare CA Sewer Revenue 4.000% 11/15/39  1,390      1,609
2 Tulare CA Sewer Revenue 4.000% 11/15/40  1,200      1,384
2 Tulare CA Sewer Revenue 4.000% 11/15/41  1,000      1,150
1 Tulare Local Health Care District GO 4.000%   8/1/21    300        307
1 Tulare Local Health Care District GO 4.000%   8/1/22    400        423
1 Tulare Local Health Care District GO 4.000%   8/1/23    720        785
1 Tulare Local Health Care District GO 4.000%   8/1/24    405        455
1 Tulare Local Health Care District GO 4.000%   8/1/25    455        525
1 Tulare Local Health Care District GO 4.000%   8/1/26    515        606
1 Tulare Local Health Care District GO 4.000%   8/1/27    580        693
1 Tulare Local Health Care District GO 4.000%   8/1/28    435        527
1 Tulare Local Health Care District GO 4.000%   8/1/29    735        899
1 Tulare Local Health Care District GO 4.000%   8/1/30  1,320      1,629
1 Tulare Local Health Care District GO 4.000%   8/1/32  1,380      1,671
1 Tulare Local Health Care District GO 4.000%   8/1/33  2,050      2,469
1 Tulare Local Health Care District GO 4.000%   8/1/34  2,325      2,788
1 Tulare Local Health Care District GO 4.000%   8/1/39  4,760      5,602
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/25  1,215      1,220
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/35    685        915
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/36  2,270      2,790
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/36  1,465      1,950
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/36  3,500      4,660
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/37  5,615      6,883
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/37  1,285      1,705
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/38    705        933
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/39    655        864
  Turlock Unified School District GO 3.000%   8/1/34  1,095      1,184
153
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Turlock Unified School District GO 3.000%   8/1/35  1,175      1,265
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/22  1,390      1,491
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/23    750        837
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/24    760        875
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/25  2,820      3,353
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/26  2,300      2,722
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/27  3,915      4,605
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/29  3,640      4,233
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/30  3,500      4,064
2 Twin Rivers Unified School District GO 5.000%   8/1/21    550        567
2 Twin Rivers Unified School District GO 5.000%   8/1/21    850        876
2 Twin Rivers Unified School District GO 5.000%   8/1/22    515        555
2 Twin Rivers Unified School District GO 5.000%   8/1/22    625        674
4 Ukiah CA Unified School District GO 0.000%   8/1/25  3,175      3,067
  Union City Community Redevelopment Agency Tax Allocation Revenue (Community Redevelopment Project) 5.000%  10/1/31  1,820      2,154
  Union City Community Redevelopment Agency Tax Allocation Revenue (Community Redevelopment Project) 5.000%  10/1/32  1,360      1,605
  Union City Community Redevelopment Agency Tax Allocation Revenue (Community Redevelopment Project) 5.000%  10/1/33  3,000      3,536
  Union City Community Redevelopment Agency Tax Allocation Revenue (Community Redevelopment Project) 5.000%  10/1/35  1,250      1,469
  Union City Community Redevelopment Agency Tax Allocation Revenue (Community Redevelopment Project) 5.000%  10/1/36  1,000      1,173
4 Union Elementary School District GO 0.000%   9/1/29  1,335      1,202
  Union Elementary School District GO 0.000%   9/1/29    110         99
  Union Sanitary District Financing Authority Lease Revenue 4.000%   9/1/32    800      1,016
  Union Sanitary District Financing Authority Lease Revenue 4.000%   9/1/33  1,030      1,294
  Union Sanitary District Financing Authority Lease Revenue 4.000%   9/1/35    200        248
  Union Sanitary District Financing Authority Lease Revenue 4.000%   9/1/37    540        658
  Union Sanitary District Financing Authority Lease Revenue 4.000%   9/1/39    650        787
  United Water Conservation District COP 5.000%  10/1/27    700        903
  United Water Conservation District COP 5.000%  10/1/28    740        976
  United Water Conservation District COP 5.000%  10/1/29    785      1,056
  United Water Conservation District COP 5.000%  10/1/30    835      1,146
  United Water Conservation District COP 5.000%  10/1/31    855      1,163
  United Water Conservation District COP 5.000%  10/1/32    875      1,180
  United Water Conservation District COP 4.000%  10/1/33  1,070      1,312
  United Water Conservation District COP 4.000%  10/1/34  1,110      1,348
  United Water Conservation District COP 4.000%  10/1/35  1,160      1,401
  United Water Conservation District COP 4.000%  10/1/36    935      1,126
  United Water Conservation District COP 4.000%  10/1/37    980      1,176
  United Water Conservation District COP 4.000%  10/1/38  1,010      1,210
  United Water Conservation District COP 4.000%  10/1/39  1,055      1,261
  United Water Conservation District COP 4.000%  10/1/40    625        745
  University of California College & University Revenue 5.000%  5/15/25  9,240     11,133
  University of California College & University Revenue 4.000%  5/15/27  3,820      4,652
  University of California College & University Revenue 5.000%  5/15/27  7,075      8,521
  University of California College & University Revenue 4.000%  5/15/28  9,030     11,221
  University of California College & University Revenue 4.000%  5/15/28  7,110      8,806
  University of California College & University Revenue 5.000%  5/15/28  9,265     11,144
  University of California College & University Revenue 5.000%  5/15/28  7,110      8,535
  University of California College & University Revenue 4.000%  5/15/30  7,535      9,245
  University of California College & University Revenue 4.000%  5/15/30  7,705      9,422
  University of California College & University Revenue 5.000%  5/15/30  3,515      3,899
  University of California College & University Revenue 5.000%  5/15/30  1,195      1,472
154
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  University of California College & University Revenue 4.000%  5/15/31  5,270      6,400
  University of California College & University Revenue 5.000%  5/15/31  2,315      2,752
  University of California College & University Revenue 5.000%  5/15/31 15,095     19,143
  University of California College & University Revenue 5.000%  5/15/31  9,010     10,732
  University of California College & University Revenue 5.000%  5/15/32  3,250      4,196
  University of California College & University Revenue 5.250%  5/15/32  5,000      5,777
  University of California College & University Revenue 4.000%  5/15/33 17,715     20,936
  University of California College & University Revenue 5.000%  5/15/33 15,470     17,128
  University of California College & University Revenue 5.000%  5/15/33  5,910      7,596
  University of California College & University Revenue 5.000%  5/15/33 12,095     15,183
  University of California College & University Revenue 5.000%  5/15/33  5,415      5,995
  University of California College & University Revenue 5.000%  5/15/33  5,025      6,157
  University of California College & University Revenue 5.000%  5/15/33  6,995      8,308
  University of California College & University Revenue 4.000%  5/15/34 10,620     12,522
  University of California College & University Revenue 4.000%  5/15/34 10,000     10,999
  University of California College & University Revenue 5.000%  5/15/34 15,905     17,593
  University of California College & University Revenue 5.000%  5/15/34 12,800     16,032
  University of California College & University Revenue 5.000%  5/15/34  3,955      4,834
  University of California College & University Revenue 5.000%  5/15/34  6,395      8,033
  University of California College & University Revenue 5.000%  5/15/34  1,525      1,955
  University of California College & University Revenue 4.000%  5/15/35  5,790      6,814
  University of California College & University Revenue 5.000%  5/15/35 11,290     14,115
  University of California College & University Revenue 5.000%  5/15/35  2,060      2,513
  University of California College & University Revenue 5.000%  5/15/35  5,160      6,469
  University of California College & University Revenue 5.000%  5/15/35  4,210      5,386
  University of California College & University Revenue 5.000%  5/15/35    625        814
  University of California College & University Revenue 5.000%  5/15/35 10,000     13,356
  University of California College & University Revenue 5.000%  5/15/36  5,425      6,599
  University of California College & University Revenue 5.000%  5/15/36  4,295      5,478
  University of California College & University Revenue 5.000%  5/15/36 15,040     18,753
  University of California College & University Revenue 5.000%  5/15/36  4,500      4,973
  University of California College & University Revenue 5.000%  5/15/36  1,250      1,621
  University of California College & University Revenue 5.000%  5/15/36  3,050      4,052
  University of California College & University Revenue 4.000%  5/15/37 14,400     17,780
  University of California College & University Revenue 5.000%  5/15/37  5,240      6,644
  University of California College & University Revenue 5.000%  5/15/37  9,530     11,888
  University of California College & University Revenue 5.000%  5/15/37 11,710     14,608
  University of California College & University Revenue 5.000%  5/15/37 14,620     18,597
  University of California College & University Revenue 5.000%  5/15/38  5,065      6,407
  University of California College & University Revenue 5.000%  5/15/38 19,090     24,226
  University of California College & University Revenue 5.000%  5/15/38  4,355      5,607
  University of California College & University Revenue 5.000%  5/15/38 10,065     13,270
  University of California College & University Revenue 5.000%  5/15/39  2,345      3,013
  University of California College & University Revenue 5.000%  5/15/39 10,000     13,152
  University of California College & University Revenue 4.000%  5/15/40 24,275     29,738
  University of California College & University Revenue 5.000%  5/15/40    135        173
  University of California College & University Revenue (Prerefunded-Limited Project), Prere. 5.000%  5/15/22  6,540      6,994
  University of California College & University Revenue (Unrefunded-Limited Project) 5.000%  5/15/32  7,490      7,980
  University of California College & University Revenue PUT 1.400%  5/15/21  5,050      5,055
  University of California College & University Revenue PUT 5.000%  5/15/23 52,095     58,127
  University of California College & University Revenue VRDO 0.080%  12/1/20 43,800     43,800
  University of California College & University Revenue VRDO 0.100%  12/1/20 22,200     22,200
  University of California College & University Revenue, Prere. 5.000%  5/15/21  4,675      4,777
  University of California College & University Revenue, Prere. 5.000%  5/15/21  5,005      5,114
155
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  University of California College & University Revenue, Prere. 5.000%  5/15/23    650        725
  University of California College & University Revenue, Prere. 5.000%  5/15/23  4,695      5,235
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/24  6,010      6,946
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 4.000%  5/15/25 10,000     11,559
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 4.000%  5/15/26 10,015     11,873
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/29  5,015      6,102
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/32  8,440     10,215
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/33 12,105     14,635
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/34 14,000     16,902
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/35  5,020      6,057
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 4.500%  5/15/36 10,000     11,671
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.060%  12/1/20 15,565     15,565
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.060%  12/1/20  9,135      9,135
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.060%  12/1/20 13,555     13,555
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.100%  12/1/20  8,000      8,000
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.100%  12/1/20 12,400     12,400
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue, Prere. 5.000%  5/15/23 14,940     16,659
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue, Prere. 5.000%  5/15/23  5,000      5,575
6,7 University of California Revenue TOB VRDO 0.260%  12/3/20 30,870     30,870
6,7 University of California Revenue TOB VRDO 0.260%  12/3/20 33,690     33,690
  Upland CA COP 5.000%   1/1/22    925        965
  Upland CA COP 5.000%   1/1/23    900        974
  Upland CA COP 5.000%   1/1/25  1,060      1,222
  Upland CA COP 5.000%   1/1/26    500        594
  Upland CA COP 5.000%   1/1/27  1,960      2,385
  Upland CA COP 5.000%   1/1/28  2,030      2,507
  Upland CA COP 5.000%   1/1/29    815        993
  Upland CA COP 5.000%   1/1/30  1,450      1,753
  Upland CA COP 5.000%   1/1/31  1,465      1,762
  Upland CA COP 5.000%   1/1/33  1,710      2,033
  Upland CA COP 5.000%   1/1/34  1,500      1,775
  Upland CA COP 4.000%   1/1/35  2,025      2,233
  Upland CA COP 4.000%   1/1/36  1,000      1,100
  Upland Community Facilities District Special Tax Revenue 5.000%   9/1/31  1,110      1,181
  Upper Santa Clara Valley Joint Powers Authority Lease (Non-Terminable) Revenue 5.000%   8/1/36    400        518
  Upper Santa Clara Valley Joint Powers Authority Lease (Non-Terminable) Revenue 5.000%   8/1/37    420        543
  Upper Santa Clara Valley Joint Powers Authority Lease (Non-Terminable) Revenue 5.000%   8/1/38    800      1,033
  Upper Santa Clara Valley Joint Powers Authority Lease (Non-Terminable) Revenue 5.000%   8/1/39  1,000      1,288
156
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Upper Santa Clara Valley Joint Powers Authority Lease (Non-Terminable) Revenue 5.000%   8/1/40  1,000      1,286
  Upper Santa Clara Valley Joint Powers Authority Water Revenue, ETM 5.000%   8/1/22    710        767
  Upper Santa Clara Valley Joint Powers Authority Water Revenue, ETM 5.000%   8/1/23    375        423
  Upper Santa Clara Valley Joint Powers Authority Water Revenue, ETM 5.000%   8/1/24    275        323
  Upper Santa Clara Valley Joint Powers Authority Water Revenue, ETM 4.000%   8/1/25    615        721
  Upper Santa Clara Valley Joint Powers Authority Water Revenue, ETM 4.000%   8/1/26    710        857
  Upper Santa Clara Valley Joint Powers Authority Water Revenue, Prere. 5.000%   8/1/26    545        688
  Upper Santa Clara Valley Joint Powers Authority Water Revenue, Prere. 5.000%   8/1/26  1,235      1,559
  Vacaville Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Projects) 5.000%   9/1/22    600        646
  Vacaville Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Projects) 5.000%   9/1/23    865        969
  Vacaville Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Projects) 5.000%   9/1/24  1,325      1,540
  Vacaville Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Projects) 5.000%   9/1/25  1,390      1,618
  Vacaville Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Projects) 5.000%   9/1/26  1,460      1,694
  Vacaville Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Projects) 5.000%   9/1/27  1,200      1,387
  Vacaville Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Projects) 5.000%   9/1/28  1,200      1,382
  Vacaville Unified School District GO 4.000%   8/1/34    100        121
  Vacaville Unified School District GO 4.000%   8/1/35    200        242
  Vacaville Unified School District GO 4.000%   8/1/36    300        360
  Vacaville Unified School District GO 4.000%   8/1/37    300        358
  Vacaville Unified School District GO 4.000%   8/1/39    500        595
  Vacaville Unified School District GO 4.000%   8/1/40    500        593
2 Val Verde Unified School District COP 5.000%   3/1/25    250        296
2 Val Verde Unified School District COP 5.000%   3/1/26    260        317
2 Val Verde Unified School District COP 5.000%   3/1/27    275        343
2 Val Verde Unified School District COP 5.000%   3/1/28    280        357
2 Val Verde Unified School District COP 5.000%   3/1/29    450        571
2 Val Verde Unified School District COP 5.000%   3/1/30    850      1,072
2 Val Verde Unified School District COP 5.000%   3/1/31  1,015      1,270
1 Val Verde Unified School District GO 3.000%   8/1/21    250        254
1 Val Verde Unified School District GO 4.000%   8/1/21    570        584
1 Val Verde Unified School District GO 3.000%   8/1/22    250        262
1 Val Verde Unified School District GO 4.000%   8/1/22    500        532
1 Val Verde Unified School District GO 4.000%   8/1/23    450        493
1 Val Verde Unified School District GO 4.000%   8/1/27    120        146
1 Val Verde Unified School District GO 4.000%   8/1/28    115        142
1 Val Verde Unified School District GO 3.000%   8/1/30    220        245
1 Val Verde Unified School District GO 4.000%   8/1/30    125        152
1 Val Verde Unified School District GO 4.000%   8/1/31    100        121
1 Val Verde Unified School District GO 4.000%   8/1/33    300        359
1 Val Verde Unified School District GO 4.000%   8/1/33    140        168
1 Val Verde Unified School District GO 4.000%   8/1/35    250        298
1 Val Verde Unified School District GO 4.000%   8/1/36    150        178
157
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Val Verde Unified School District GO 4.000%   8/1/37    200        237
1 Val Verde Unified School District GO 4.000%   8/1/37    250        296
1 Val Verde Unified School District GO 4.000%   8/1/38    275        324
1 Val Verde Unified School District GO 4.000%   8/1/39    300        353
1 Val Verde Unified School District GO 4.000%   8/1/40    225        264
1 Val Verde Unified School District GO 4.000%   8/1/40    250        293
  Ventura County Community College District GO 0.000%   8/1/28 15,000     13,884
  Ventura County Public Financing Authority Lease (Abatement) Revenue, Prere. 5.000%  11/1/22  1,200      1,310
  Ventura County Public Financing Authority Lease (Abatement) Revenue, Prere. 5.000%  11/1/22  1,000      1,092
  Ventura County Public Financing Authority Lease (Abatement) Revenue, Prere. 5.000%  11/1/22  1,250      1,365
  Ventura County Public Financing Authority Lease (Abatement) Revenue, Prere. 5.000%  11/1/22  2,000      2,184
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/28  1,525      1,883
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/29  1,605      2,007
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/30  1,685      2,109
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/31  1,000      1,245
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/33  1,000      1,231
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/34  1,000      1,228
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/35    725        888
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/37  1,600      1,946
  Vista Joint Powers Financing Authority Lease (Abatement) Revenue 5.000%   5/1/21    340        347
  Vista Joint Powers Financing Authority Lease (Abatement) Revenue 5.000%   5/1/22    470        502
  Vista Joint Powers Financing Authority Lease (Abatement) Revenue 5.250%   5/1/35  5,990      7,130
2 Vista Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/21    265        275
2 Vista Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/22    335        362
2 Vista Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/23    400        450
2 Vista Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/24    585        684
  Vista Unified School District GO 5.000%   8/1/24  5,000      5,402
  Vista Unified School District GO 4.000%   8/1/35  1,210      1,487
  Vista Unified School District GO 3.000%   8/1/38  1,645      1,815
  Vista Unified School District GO 3.000%   8/1/39  1,300      1,431
  Walnut Energy Center Authority Electric Power & Light Revenue 5.000%   1/1/35  2,205      2,930
  Walnut Energy Center Authority Electric Power & Light Revenue 5.000%   1/1/36  2,805      3,712
4 Washington CA Unified School District/Yolo County GO 0.000%   8/1/27  3,440      3,178
  Washington Township Health Care District GO 5.000%   8/1/23    170        190
  Washington Township Health Care District GO 4.000%   8/1/24    625        700
  Washington Township Health Care District GO 5.000%   8/1/25  1,425      1,705
  Washington Township Health Care District GO 5.000%   8/1/26  1,395      1,715
  Washington Township Health Care District GO 4.000%   8/1/27  1,055      1,228
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/21    350        358
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/21    705        722
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/22    540        566
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/22    725        771
158
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/23    400        441
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/23    570        629
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/23    875        965
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/24    750        857
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/24    610        697
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/24    670        765
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/25    650        735
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/25    775        911
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/25    775        911
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/26    900      1,055
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/26    785        949
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/26  1,270      1,535
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/26    765        924
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/27    430        532
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/27    930      1,151
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/27    755        934
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/28    750        940
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/29  1,005      1,221
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/29  1,165      1,415
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/29    755        963
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/30  1,540      1,853
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/30    765        964
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.375%   7/1/31    615        656
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/32  1,000      1,095
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/32  2,340      2,776
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/32    500        619
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/33  1,870      1,925
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/33  2,975      3,498
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.125%   7/1/34  2,195      2,275
159
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/34  2,970      3,226
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/34    625        679
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/36  1,935      2,092
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/36    500        605
  West Basin CA Municipal Water District Water Revenue 5.000%   8/1/22  2,010      2,172
2 West Contra Costa Unified School District GO 4.000%   8/1/24    300        339
2 West Contra Costa Unified School District GO 4.000%   8/1/24    300        339
2 West Contra Costa Unified School District GO 4.000%   8/1/25    265        309
2 West Contra Costa Unified School District GO 4.000%   8/1/25    250        291
2 West Contra Costa Unified School District GO 4.000%   8/1/26    415        495
2 West Contra Costa Unified School District GO 4.000%   8/1/26    400        477
  West Contra Costa Unified School District GO 6.000%   8/1/26  5,000      6,499
11 West Contra Costa Unified School District GO 0.000%   8/1/27    785        725
2 West Contra Costa Unified School District GO 4.000%   8/1/27    350        425
2 West Contra Costa Unified School District GO 4.000%   8/1/27    445        540
4 West Contra Costa Unified School District GO 0.000%   8/1/28  6,400      5,755
2 West Contra Costa Unified School District GO 4.000%   8/1/28    440        542
2 West Contra Costa Unified School District GO 4.000%   8/1/28    500        616
2 West Contra Costa Unified School District GO 0.000%   8/1/29  2,000      1,755
2 West Contra Costa Unified School District GO 4.000%   8/1/29    620        775
2 West Contra Costa Unified School District GO 4.000%   8/1/29    605        757
4 West Contra Costa Unified School District GO 0.000%   8/1/30  6,235      5,302
2 West Contra Costa Unified School District GO 4.000%   8/1/30    630        797
2 West Contra Costa Unified School District GO 4.000%   8/1/30    670        848
  West Contra Costa Unified School District GO 5.000%   8/1/30  3,425      3,947
2 West Contra Costa Unified School District GO 4.000%   8/1/31  1,000      1,248
2 West Contra Costa Unified School District GO 4.000%   8/1/31    850      1,061
  West Contra Costa Unified School District GO 5.000%   8/1/31  5,690      6,553
2 West Contra Costa Unified School District GO 3.000%   8/1/32  1,350      1,525
2 West Contra Costa Unified School District GO 3.000%   8/1/32  1,695      1,914
  West Contra Costa Unified School District GO 5.000%   8/1/32  5,560      6,397
  West Contra Costa Unified School District GO 5.000%   8/1/32  1,825      2,171
11 West Contra Costa Unified School District GO 0.000%   8/1/33  2,650      2,066
4 West Contra Costa Unified School District GO 0.000%   8/1/33  1,000        777
2,14 West Contra Costa Unified School District GO 0.000%   8/1/33  6,000      4,677
2 West Contra Costa Unified School District GO 3.000%   8/1/33  1,000      1,118
2 West Contra Costa Unified School District GO 3.000%   8/1/33  1,265      1,415
  West Contra Costa Unified School District GO 5.000%   8/1/33  3,265      3,753
  West Contra Costa Unified School District GO 5.000%   8/1/33    915      1,087
  West Contra Costa Unified School District GO 5.000%   8/1/33  1,020      1,212
4 West Contra Costa Unified School District GO 0.000%   8/1/34    100         76
2 West Contra Costa Unified School District GO 3.000%   8/1/34  1,695      1,883
2 West Contra Costa Unified School District GO 3.000%   8/1/34  1,800      1,999
  West Contra Costa Unified School District GO 5.000%   8/1/34  2,010      2,387
  West Contra Costa Unified School District GO 5.000%   8/1/34  1,070      1,270
2 West Contra Costa Unified School District GO 3.000%   8/1/35  1,000      1,107
  West Contra Costa Unified School District GO 5.000%   8/1/35  1,400      1,660
  West Contra Costa Unified School District GO 5.000%   8/1/35  1,000      1,185
2 West Contra Costa Unified School District GO 3.000%   8/1/36    910      1,004
2 West Contra Costa Unified School District GO 3.000%   8/1/37    750        824
2 West Contra Costa Unified School District GO 3.000%   8/1/38    660        717
2 West Contra Costa Unified School District GO 3.000%   8/1/38    700        761
160
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 West Contra Costa Unified School District GO 3.000%   8/1/39    665        721
2 West Contra Costa Unified School District GO 3.000%   8/1/39    700        759
2 West Contra Costa Unified School District GO 3.000%   8/1/40    700        753
2 West Contra Costa Unified School District GO 3.000%   8/1/40    700        753
  West Hollywood Public Financing Authority Lease (Abatement) Revenue 3.000%   4/1/38    930      1,006
  West Hollywood Public Financing Authority Lease (Abatement) Revenue 3.000%   4/1/39  2,020      2,178
  West Hollywood Public Financing Authority Lease (Abatement) Revenue 3.000%   4/1/40  1,060      1,138
  West Hollywood Public Financing Authority Lease (Abatement) Revenue 3.000%   4/1/42  3,640      3,881
  West Sonoma County Union High School District GO 5.000%   8/1/34    200        259
  West Sonoma County Union High School District GO 5.000%   8/1/37    500        642
  West Sonoma County Union High School District GO 5.000%   8/1/40  1,000      1,276
  West Valley-Mission Community College District GO 5.000%   8/1/31    200        240
  West Valley-Mission Community College District GO 4.000%   8/1/34    625        773
  West Valley-Mission Community College District GO 4.000%   8/1/35    700        862
  West Valley-Mission Community College District GO 4.000%   8/1/36  1,500      1,840
  West Valley-Mission Community College District GO 4.000%   8/1/38  1,800      2,195
  Western Municipal Water District Facilities Authority Lease (Non-Terminable) Revenue 5.000%  10/1/36  1,300      1,766
  Western Municipal Water District Facilities Authority Lease (Non-Terminable) Revenue 5.000%  10/1/37  3,000      4,064
  Western Municipal Water District Facilities Authority Lease (Non-Terminable) Revenue 5.000%  10/1/38  3,000      4,039
  Western Municipal Water District Facilities Authority Lease (Non-Terminable) Revenue 5.000%  10/1/39  3,100      4,164
2 Western Placer Unified School District COP 3.000%   8/1/21    325        330
2 Western Placer Unified School District COP 3.000%   8/1/23    600        641
  Western Placer Unified School District GO 5.000%   8/1/28    200        249
  Western Placer Unified School District GO 5.000%   8/1/29    200        251
  Western Placer Unified School District GO 5.000%   8/1/30    380        475
1 Western Placer Unified School District GO 4.000%   8/1/31    885      1,074
1 Western Placer Unified School District GO 4.000%   8/1/31    755        916
  Western Placer Unified School District GO 5.000%   8/1/31    565        703
1 Western Placer Unified School District GO 4.000%   8/1/32    920      1,109
1 Western Placer Unified School District GO 4.000%   8/1/34    990      1,175
1 Western Placer Unified School District GO 4.000%   8/1/34    545        647
1 Western Placer Unified School District GO 4.000%   8/1/35  1,025      1,211
1 Western Placer Unified School District GO 4.000%   8/1/35    630        745
1 Western Placer Unified School District GO 4.000%   8/1/36  1,070      1,259
2 Westlands Water District Water Revenue 5.000%   9/1/21    765        793
2 Westlands Water District Water Revenue 5.000%   9/1/22    765        830
2 Westlands Water District Water Revenue 5.000%   9/1/24  1,000      1,084
2 Westlands Water District Water Revenue 5.000%   9/1/25  1,250      1,354
  William S Hart Union High School District GO 5.000%   9/1/25  1,835      1,989
  William S Hart Union High School District GO 5.000%   9/1/26  1,085      1,176
  William S Hart Union High School District GO 0.000%   8/1/33    570        461
  Wiseburn School District GO 4.125%   8/1/33  2,045      2,144
  Yuba Community College District GO 3.000%   8/1/28  1,000      1,148
  Yuba Community College District GO 3.000%   8/1/29  2,000      2,280
                 17,793,498
Guam (0.2%)
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/21    400        409
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/22    625        663
161
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/28  2,115      2,310
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/29  5,035      5,645
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/35  4,450      4,929
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/36  1,450      1,677
  Guam Government Waterworks Authority Water Revenue, Prere. 5.250%   7/1/23  4,000      4,506
  Guam Miscellaneous Taxes Revenue 5.000% 11/15/21  1,125      1,161
  Guam Miscellaneous Taxes Revenue 5.000% 11/15/22  1,500      1,597
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/42    270        278
  Guam Miscellaneous Taxes Revenue 5.125%   1/1/42  2,530      2,610
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/22  1,605      1,711
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/26  1,810      2,045
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/30  1,470      1,637
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/40  1,750      2,038
                 33,216
Puerto Rico (0.4%)
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/24  3,368      3,147
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/27  7,802      6,835
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/29 11,159      9,285
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/31  2,871      2,192
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/40 42,700     45,538
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/40  5,782      6,166
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.550%   7/1/40    355        384
162
California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.550%   7/1/40    705        762
                 74,309
Total Tax-Exempt Municipal Bonds (Cost $16,781,356) 17,901,023
Total Investments (99.7%) (Cost $16,781,356) 17,901,023
Other Assets and Liabilities—Net (0.3%) 54,223
Net Assets (100%) 17,955,246
Cost is in $000.
• See Note A in Notes to Financial Statements.
1 Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co.
2 Scheduled principal and interest payments are guaranteed by Assured Guaranty Municipal Corp.
3 Scheduled principal and interest payments are guaranteed by Ambac Assurance Corp.
4 Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp.
5 Securities with a value of $3,835,000 have been segregated as initial margin for open futures contracts.
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 November 30, 2020, the aggregate value was $315,422,000, representing 1.8% of net assets.
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 Step bond.
10 Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of November 30, 2020.
11 Scheduled principal and interest payments are guaranteed by Assured Guaranty Corp.
12 Scheduled principal and interest payments are guaranteed by XL Capital Assurance Inc.
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 Scheduled principal and interest payments are guaranteed by Municipal Bond Insurance Association.
  1M—1-month.
  3M—3-month.
  BAN—Bond Anticipation Note.
  COP—Certificate of Participation.
  ETM—Escrowed to Maturity.
  GO—General Obligation Bond.
  LIBOR—London Interbank Offered Rate.
  Prere.—Prerefunded.
  PUT—Put Option Obligation.
  SIFMA—Securities Industry and Financial Markets Association.
  TOB—Tender Option Bond.
  VRDO—Variable Rate Demand Obligation.
  VRDP—Variable Rate Demand Preferred.
163
California Intermediate-Term Tax-Exempt Fund
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts 		Notional
Amount 		Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts        
5-Year U.S. Treasury Note March 2021 2,741 345,452 433
Short Futures Contracts        
Ultra Long U.S. Treasury Bond March 2021 (378) (81,660) (18)
        415
  
See accompanying Notes, which are an integral part of the Financial Statements.
164
California Intermediate-Term Tax-Exempt Fund
Statement of Assets and Liabilities
As of November 30, 2020
($000s, except shares and per-share amounts) Amount
Assets  
Investments in Securities, at Value—Unaffiliated Issuers (Cost $16,781,356) 17,901,023
Investment in Vanguard 749
Cash 65
Receivables for Investment Securities Sold 365
Receivables for Accrued Income 161,462
Receivables for Capital Shares Issued 19,920
Variation Margin Receivable—Futures Contracts 93
Other Assets 174
Total Assets 18,083,851
Liabilities  
Payables for Investment Securities Purchased 105,880
Payables for Capital Shares Redeemed 14,402
Payables for Distributions 7,464
Payables to Vanguard 859
Total Liabilities 128,605
Net Assets 17,955,246
At November 30, 2020, net assets consisted of:  
   
Paid-in Capital 16,809,107
Total Distributable Earnings (Loss) 1,146,139
Net Assets 17,955,246
 
Investor Shares—Net Assets  
Applicable to 144,629,258 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		1,786,445
Net Asset Value Per Share—Investor Shares $12.35
 
Admiral Shares—Net Assets  
Applicable to 1,309,014,159 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		16,168,801
Net Asset Value Per Share—Admiral Shares $12.35
  
See accompanying Notes, which are an integral part of the Financial Statements.
165
California Intermediate-Term Tax-Exempt Fund
Statement of Operations
  Year Ended
November 30, 2020
  ($000)
Investment Income  
Income  
Interest 406,532
Total Income 406,532
Expenses  
The Vanguard Group—Note B  
Investment Advisory Services 1,718
Management and Administrative—Investor Shares 2,554
Management and Administrative—Admiral Shares 10,976
Marketing and Distribution—Investor Shares 240
Marketing and Distribution—Admiral Shares 902
Custodian Fees 77
Auditing Fees 32
Shareholders’ Reports—Investor Shares 16
Shareholders’ Reports—Admiral Shares 42
Trustees’ Fees and Expenses 10
Total Expenses 16,567
Net Investment Income 389,965
Realized Net Gain (Loss)  
Investment Securities Sold 50,448
Futures Contracts (4,108)
Realized Net Gain (Loss) 46,340
Change in Unrealized Appreciation (Depreciation)  
Investment Securities 293,191
Futures Contracts 388
Change in Unrealized Appreciation (Depreciation) 293,579
Net Increase (Decrease) in Net Assets Resulting from Operations 729,884
  
See accompanying Notes, which are an integral part of the Financial Statements.
166
California Intermediate-Term Tax-Exempt Fund
Statement of Changes in Net Assets
  Year Ended November 30,
  2020
($000) 		2019
($000)
     
Increase (Decrease) in Net Assets    
Operations    
Net Investment Income 389,965 386,845
Realized Net Gain (Loss) 46,340 6,456
Change in Unrealized Appreciation (Depreciation) 293,579 682,196
Net Increase (Decrease) in Net Assets Resulting from Operations 729,884 1,075,497
Distributions1    
Investor Shares (39,517) (41,305)
Admiral Shares (348,735) (345,483)
Total Distributions (388,252) (386,788)
Capital Share Transactions    
Investor Shares (35,894) 201,969
Admiral Shares 1,237,803 2,113,466
Net Increase (Decrease) from Capital Share Transactions 1,201,909 2,315,435
Total Increase (Decrease) 1,543,541 3,004,144
Net Assets    
Beginning of Period 16,411,705 13,407,561
End of Period 17,955,246 16,411,705
1 Certain prior-period numbers have been reclassified to conform with the current-period presentation.
  
See accompanying Notes, which are an integral part of the Financial Statements.
167
California Intermediate-Term Tax-Exempt Fund
Financial Highlights
Investor Shares          
For a Share Outstanding
Throughout Each Period  		Year Ended November 30,
2020 2019 2018 2017 2016
Net Asset Value, Beginning of Period $12.08 $11.51 $11.70 $11.42 $11.79
Investment Operations          
Net Investment Income .2741 .2981 .3051 .3031 .307
Net Realized and Unrealized Gain (Loss) on Investments .268 .570 (.189) .278 (.370)
Total from Investment Operations .542 .868 .116 .581 (.063)
Distributions          
Dividends from Net Investment Income (.272) (.298) (.306) (.301) (.307)
Distributions from Realized Capital Gains — — — — —
Total Distributions (.272) (.298) (.306) (.301) (.307)
Net Asset Value, End of Period $12.35 $12.08 $11.51 $11.70 $11.42
Total Return2 4.54% 7.61% 1.00% 5.12% -0.62%
Ratios/Supplemental Data          
Net Assets, End of Period (Millions) $1,786 $1,791 $1,514 $1,673 $1,631
Ratio of Total Expenses to Average Net Assets 0.17% 0.17% 0.17% 0.19% 0.19%
Ratio of Net Investment Income to Average Net Assets 2.25% 2.50% 2.63% 2.58% 2.56%
Portfolio Turnover Rate 20% 9% 16% 11% 16%
1 Calculated based on average shares outstanding.
2 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
  
See accompanying Notes, which are an integral part of the Financial Statements.
168
California Intermediate-Term Tax-Exempt Fund
Financial Highlights
Admiral Shares          
For a Share Outstanding
Throughout Each Period  		Year Ended November 30,
2020 2019 2018 2017 2016
Net Asset Value, Beginning of Period $12.08 $11.51 $11.70 $11.42 $11.79
Investment Operations          
Net Investment Income .2831 .3071 .3141 .3141 .319
Net Realized and Unrealized Gain (Loss) on Investments .269 .571 (.189) .279 (.370)
Total from Investment Operations .552 .878 .125 .593 (.051)
Distributions          
Dividends from Net Investment Income (.282) (.308) (.315) (.313) (.319)
Distributions from Realized Capital Gains — — — — —
Total Distributions (.282) (.308) (.315) (.313) (.319)
Net Asset Value, End of Period $12.35 $12.08 $11.51 $11.70 $11.42
Total Return2 4.62% 7.69% 1.08% 5.22% -0.52%
Ratios/Supplemental Data          
Net Assets, End of Period (Millions) $16,169 $14,620 $11,894 $11,240 $9,813
Ratio of Total Expenses to Average Net Assets 0.09% 0.09% 0.09% 0.09% 0.09%
Ratio of Net Investment Income to Average Net Assets 2.32% 2.58% 2.71% 2.68% 2.66%
Portfolio Turnover Rate 20% 9% 16% 11% 16%
1 Calculated based on average shares outstanding.
2 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
  
See accompanying Notes, which are an integral part of the Financial Statements.
169
California Intermediate-Term Tax-Exempt Fund
Notes to Financial Statements
Vanguard California Intermediate-Term Tax-Exempt Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers two classes of shares: Investor Shares and Admiral Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors.
The fund invests in debt instruments of municipal issuers whose ability to meet their obligations may be affected by economic and political developments in the state. Many municipalities insure repayment of their bonds. The insurance does not guarantee the market value of the municipal bonds. Market disruptions associated with the COVID-19 pandemic have had a global impact, and uncertainty exists as to the long-term implications. Such disruptions can adversely affect assets of the fund and thus fund performance.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.
1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Bonds and temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value.
2. Futures Contracts: The fund uses futures contracts to invest in fixed income asset classes with greater efficiency and lower cost than is possible through direct investment, to add value when these instruments are attractively priced, or to adjust sensitivity to changes in interest rates. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any assets pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the 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 future contracts.
During the year ended November 30, 2020, 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.
170
California Intermediate-Term Tax-Exempt Fund
3. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its income. The fund’s tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return. Management has analyzed the fund’s tax positions taken for all open federal and state income tax years, and has concluded that no provision for income tax is required in the fund’s financial statements.
4. Distributions: Distributions from net investment income are declared daily and paid on the first business day of the following month. Annual distributions from realized capital gains, if any, are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
5. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes, subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility; these fees are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at a rate based upon the higher of the one-month London Interbank Offered Rate (or an acceptable alternate rate, if necessary), federal funds effective rate, or overnight bank funding rate plus an agreed-upon spread, except that borrowings under the uncommitted credit facility may bear interest based upon an 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 year ended November 30, 2020, the fund did not utilize the credit facilities or the Interfund Lending Program.
6. Other: Interest income is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
171
California Intermediate-Term Tax-Exempt Fund
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month.
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At November 30, 2020, the fund had contributed to Vanguard capital in the amount of $749,000, representing less than 0.01% of the fund’s net assets and 0.30% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
C. Various inputs may be used to determine the value of the fund’s investments 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.
The following table summarizes the market value of the fund’s investments and derivatives as of November 30, 2020, 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 — 17,901,023 — 17,901,023
Derivative Financial Instruments         
Assets        
Futures Contracts1 93 — — 93
1 Represents variation margin on the last day of the reporting period.
D. Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These
172
California Intermediate-Term Tax-Exempt Fund
reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for distributions in connection with fund share redemptions were reclassified between the following accounts:
  Amount
($000)
Paid-in Capital 1,398
Total Distributable Earnings (Loss) (1,398)
Temporary differences between book-basis and tax-basis components of total distributable earnings (losses) arise when certain items of income, gain, or loss are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future. The differences are primarily related to the deferral of losses from wash sales; the deferral of losses from straddles; the recognition of unrealized gains or losses from certain derivative contracts; the inclusion of payables for distributions; and the treatment of deflation and amortization adjustments from certain fixed income securities. As of period end, the tax-basis components of total distributable earnings (losses) are detailed in the table as follows:
  Amount
($000)
Undistributed Ordinary Income 55
Undistributed Tax-Exempt Income 7,480
Undistributed Long-Term Gains 32,265
Capital Loss Carryforwards —
Qualified Late-Year Losses —
Net Unrealized Gains (Losses) 1,113,803
The tax character of distributions paid was as follows:
  Year Ended November 30,
  2020
Amount
($000) 		2019
Amount
($000)
Tax-Exempt Income 388,252 386,788
Ordinary Income* — —
Long-Term Capital Gains — —
Total 388,252 386,788
* Includes short-term capital gains, if any.
As of November 30, 2020, 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 16,787,220
Gross Unrealized Appreciation 1,118,695
Gross Unrealized Depreciation (4,892)
Net Unrealized Appreciation (Depreciation) 1,113,803
173
California Intermediate-Term Tax-Exempt Fund
E. During the year ended November 30, 2020, the fund purchased $4,819,121,000 of investment securities and sold $3,271,864,000 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 year ended November 30, 2020, such purchases and sales were $931,705,000 and $1,157,950,000, respectively; these amounts, other than temporary cash investments, are included in the purchases and sales of investment securities noted above.
F. Capital share transactions for each class of shares were:
    
  Year Ended November 30,  
  2020   2019
  Amount
($000) 		Shares
(000) 		  Amount
($000) 		Shares
(000)
Investor Shares          
Issued 553,101 45,389   598,271 50,247
Issued in Lieu of Cash Distributions 35,479 2,910   36,439 3,055
Redeemed (624,474) (52,017)   (432,741) (36,423)
Net Increase (Decrease)—Investor Shares (35,894) (3,718)   201,969 16,879
Admiral Shares          
Issued 3,960,865 326,021   3,671,868 309,916
Issued in Lieu of Cash Distributions 260,482 21,363   259,771 21,777
Redeemed (2,983,544) (249,166)   (1,818,173) (153,929)
Net Increase (Decrease)—Admiral Shares 1,237,803 98,218   2,113,466 177,764
At November 30, 2020, one shareholder was a record or beneficial owner of 29% of the fund’s net assets. If this shareholder were to redeem its investment in the fund, the redemption might result in an increase in the fund’s expense ratio, cause the fund to incur higher transaction costs, or lead to the realization of taxable capital gains.
G. Management has determined that no events or transactions occurred subsequent to November 30, 2020, that would require recognition or disclosure in these financial statements.
174
California Long-Term Tax-Exempt Fund
Performance Summary
All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares.
Cumulative Performance: November 30, 2010, Through November 30, 2020
Initial Investment of $10,000
    Average Annual Total Returns
Periods Ended November 30, 2020 		 
    One
Year 		Five
Years 		Ten
Years 		Final Value
of a $10,000
Investment
California Long-Term Tax-Exempt Fund Investor Shares 5.36% 4.39% 5.17% $16,554
Bloomberg Barclays CA Municipal Bond Index 5.01 3.91 4.79 15,961
Bloomberg Barclays Municipal Bond Index 4.89 3.93 4.36 15,320
  
       
    One
Year 		Five
Years 		Ten
Years 		Final Value
of a $50,000
Investment
California Long-Term Tax-Exempt Fund Admiral Shares 5.44% 4.48% 5.26% $83,467
Bloomberg Barclays CA Municipal Bond Index 5.01 3.91 4.79 79,807
Bloomberg Barclays Municipal Bond Index 4.89 3.93 4.36 76,601
See Financial Highlights for dividend and capital gains information.
175
California Long-Term Tax-Exempt Fund
Distribution by Stated Maturity
As of November 30, 2020
Under 1 Year 6.7%
1 - 3 Years 2.1
3 - 5 Years 3.6
5 - 10 Years 9.6
10 - 20 Years 39.8
20 - 30 Years 34.7
Over 30 Years 3.5
The table reflects the fund’s investments, except for short-term investments and derivatives.
176
California Long-Term Tax-Exempt Fund
Financial Statements
Schedule of Investments
As of November 30, 2020
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
Tax-Exempt Municipal Bonds (99.7%)
California (99.2%)
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   7/1/42  1,000     1,036
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   8/1/43 15,830    17,287
  ABAG Finance Authority for Nonprofit Corps. Miscellaneous Revenue 5.000%   7/1/37  7,565     8,068
1 ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/32  1,000     1,226
2 Alameda Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000%   9/1/29  1,500     1,734
3 Alameda Corridor Transportation Authority Transit Revenue 0.000%  10/1/30 30,375    24,082
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/35  1,060     1,240
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/36  1,160     1,354
1 Alameda Corridor Transportation Authority Transit Revenue 4.000%  10/1/37  2,295     2,556
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/37  6,745     7,853
1 Alameda County CA Unified School District GO 0.000%   8/1/24  3,510     3,438
1 Alameda County CA Unified School District GO 0.000%   8/1/29  5,000     4,482
  Alameda County Joint Powers Authority Lease (Abatement) Revenue 4.000%  12/1/34  1,525     1,770
4 Allan Hancock CA Joint Community College District GO, 5.400% coupon rate effective 8/1/30 0.000%   8/1/42  5,015     4,656
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/36  3,795     4,150
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/37  1,725     2,046
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/38  1,400     1,658
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/39  1,500     1,773
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/45  2,595     3,048
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/45  5,800     6,812
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue 5.000%  10/1/50  2,870     3,344
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue (Water Systems Project), Prere. 5.000%  10/1/21  2,250     2,341
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue, Prere. 5.000%  10/1/21  1,275     1,325
  Anaheim Housing & Public Improvements Authority Lease (Non-Terminable) Revenue, Prere. 5.000%  10/1/21    950       987
177
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Anaheim Public Financing Authority Electric Power & Light Revenue 4.000%  10/1/31  5,080     5,416
  Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/21    545       560
  Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/25  2,625     3,091
  Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/29  2,260     2,863
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/33  1,850     2,320
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/35  1,500     1,802
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/36  4,500     5,392
  Anaheim Union High School District GO 4.000%   8/1/42  1,935     2,247
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/30  5,110     6,061
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/31  8,085     9,543
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/33  5,665     6,629
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/47  5,000     5,680
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/49  1,000     1,134
  Bay Area Toll Authority Highway Revenue 3.000%   4/1/54  2,180     2,291
  Bay Area Toll Authority Highway Revenue 5.000%   4/1/56 19,000    22,705
  Bay Area Toll Authority Highway Revenue PUT 2.000%   4/1/21  1,300     1,304
  Bay Area Toll Authority Highway Revenue PUT 2.850%   4/1/25 10,000    10,891
  Bay Area Toll Authority Highway Revenue PUT 2.625%   4/1/26 15,000    16,537
  Bay Area Toll Authority Highway Revenue, Prere. 5.000%   4/1/23    125       139
1 Beaumont Public Improvement Authority Lease Revenue 5.000%   9/1/49  4,000     4,779
  Beaumont Unified School District GO 4.000%   8/1/46  1,400     1,634
  Beverly Hills Unified School District CA GO 3.000%   8/1/38  6,560     7,173
  Beverly Hills Unified School District CA GO 3.000%   8/1/40  2,660     2,898
1 Brentwood Infrastructure Financing Authority 5.000%   9/2/28  2,130     2,445
5,6 Burbank CA Unified School District GO TOB VRDO 0.130%  12/3/20  5,520     5,520
  Burlingame School District GO 3.000%   8/1/42  3,675     4,057
  Burlingame School District GO 4.000%   8/1/46  4,385     5,221
  Burlingame School District GO 2.375%   8/1/50  3,675     3,694
3 Cabrillo Community College District GO 0.000%   5/1/26  6,070     5,194
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.250%   5/1/43  7,925     8,031
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.250%   5/1/48  2,000     2,021
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.250%   5/1/53  6,600     6,647
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/33    500       655
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/49  1,000     1,138
7 California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/49  1,125     1,295
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/49    750       887
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/49  1,200     1,420
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/50  2,500     2,841
7 California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 0.000%   6/1/55  6,710     1,624
  California Department of Water Resources Water Revenue 5.000%  12/1/33  2,295     2,879
178
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/24     25        30
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/25    160       194
  California Educational Facilities Authority College & University Revenue 5.000%  3/15/26     40        50
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/30  3,225     3,845
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/33    250       301
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/35    800     1,008
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/37  1,130     1,351
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/38  2,250     2,673
  California Educational Facilities Authority College & University Revenue 4.000%   1/1/39 10,000    11,211
  California Educational Facilities Authority College & University Revenue 5.000%  3/15/39  4,755     7,299
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/39  5,890     6,903
  California Educational Facilities Authority College & University Revenue 5.250%   4/1/40  6,645    10,576
  California Educational Facilities Authority College & University Revenue 5.000%   6/1/43  3,810     6,039
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/45  6,500     7,561
  California Educational Facilities Authority College & University Revenue 5.000%   5/1/45  4,000     6,429
  California Educational Facilities Authority College & University Revenue 5.000%   9/1/45  5,000     5,898
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/45  1,425     1,686
  California Educational Facilities Authority College & University Revenue 5.000%   6/1/46 10,175    16,499
  California Educational Facilities Authority College & University Revenue 5.000%   5/1/49  3,835     6,370
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/53  4,000     4,855
  California Educational Facilities Authority College & University Revenue, Prere. 6.125%  10/1/21    610       639
  California Educational Facilities Authority College & University Revenue, Prere. 6.125%  10/1/21    640       671
  California Educational Facilities Authority College & University Revenue, Prere. 5.250%   6/1/22  1,125     1,207
  California Enterprise Development Authority Lease (Abatement) Revenue 4.000%  11/1/49  1,000     1,117
  California Enterprise Development Authority Lease (Abatement) Revenue 4.000%  11/1/50    685       764
  California GO 5.000%   4/1/22 19,000    20,211
  California GO 4.000%   4/1/26  3,835     4,576
  California GO 5.000%   8/1/26  7,435     9,028
  California GO 5.000%   3/1/27  9,000    10,761
  California GO 3.500%   8/1/27  5,000     5,985
  California GO 5.250%  10/1/27  5,000     5,206
  California GO 5.000%   3/1/28  5,000     5,966
  California GO 5.000%   4/1/28  3,185     4,195
  California GO 5.000%   8/1/28  6,510     8,096
179
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO 5.000%   8/1/28  4,375     5,294
  California GO 4.000%   9/1/28  6,000     7,166
  California GO 5.000%   9/1/28  5,930     7,396
  California GO 5.000%  10/1/29 11,450    12,668
  California GO 5.000%  10/1/29  4,045     4,956
  California GO 5.000%   8/1/30  3,250     4,019
  California GO 5.000%   4/1/31  7,340    10,294
  California GO 5.000%   8/1/31  9,460    11,389
  California GO 5.000%   8/1/31 14,040    17,868
  California GO 5.000%   9/1/31  8,390    10,367
  California GO 5.000%  10/1/31  4,500     5,262
  California GO 5.000%  10/1/31  7,485    10,075
  California GO 5.000%  11/1/31  5,050     6,471
  California GO 5.000%   4/1/32  4,000     5,293
  California GO 5.000%   4/1/32  2,500     3,535
  California GO 4.000%   8/1/32 10,025    11,790
  California GO 5.000%   8/1/32  2,000     2,533
1 California GO 5.250%   8/1/32 16,500    23,642
  California GO 4.000%   9/1/32  7,580     8,931
  California GO 5.000%   9/1/32  1,045     1,081
  California GO 5.000%   9/1/32  2,810     3,460
  California GO 5.000%  10/1/32  8,790    10,245
  California GO 5.000%  10/1/32  7,510    10,045
  California GO 5.000%   2/1/33  2,615     2,868
  California GO 5.000%   3/1/33  1,000     1,349
  California GO 5.000%   4/1/33 10,500    13,820
  California GO 5.000%   4/1/33  1,200     1,372
  California GO 5.000%   8/1/33  5,000     6,127
  California GO 5.000%   8/1/33  2,635     3,048
  California GO 3.000%  10/1/33  1,000     1,142
  California GO 5.000%  10/1/33  4,000     4,654
  California GO 5.000%   8/1/34  1,350     1,616
  California GO 5.000%   9/1/34  3,055     3,748
  California GO 5.000%   9/1/34  1,100     1,350
  California GO 3.000%  10/1/34  4,540     5,172
  California GO 3.000%  11/1/34  1,000     1,155
  California GO 4.000%  11/1/34  4,620     5,818
  California GO 5.250%   4/1/35  5,000     5,319
  California GO 4.000%   8/1/35 10,000    11,667
  California GO 5.000%   8/1/35  1,780     2,128
  California GO 4.000%   9/1/35  9,575    11,192
  California GO 5.000%   9/1/35  3,265     3,995
  California GO 5.000%  10/1/35  7,500     9,054
  California GO 3.000%  11/1/35    670       768
  California GO 5.000%  11/1/35  3,750     4,744
  California GO 4.000%   3/1/36 12,965    16,012
  California GO 5.000%   4/1/36  6,250     7,125
  California GO 5.000%   9/1/36  8,500     9,171
  California GO 5.000%  11/1/36 10,000    12,969
  California GO 5.000%   4/1/37  5,000     5,512
  California GO 5.000%   4/1/37  9,250    10,529
  California GO 4.000%   9/1/37  3,005     3,493
  California GO 5.000%  11/1/37 15,340    19,844
  California GO 4.000%  11/1/38  1,100     1,364
  California GO 4.000%  10/1/39  5,435     6,618
180
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO 5.000%  10/1/39  5,620     6,504
  California GO 5.000%  11/1/39  9,750    12,560
  California GO 3.800%  12/1/39  3,670     3,670
  California GO 3.850%  12/1/40  3,830     3,830
  California GO 5.000%  10/1/41  5,000     5,183
  California GO 5.000%   4/1/42  2,000     2,118
  California GO 5.000%   9/1/42  8,515     9,173
  California GO 3.900%  12/1/42  6,710     6,710
  California GO 5.000%   2/1/43  6,265     6,850
  California GO 5.000%   4/1/43  6,500     7,152
  California GO 2.250%  11/1/43  3,275     3,315
  California GO 5.000%  11/1/43 12,425    13,970
  California GO 5.000%  12/1/43  5,335     6,017
  California GO 5.000%   5/1/44  4,000     4,535
  California GO 5.000%   8/1/45 11,735    13,826
  California GO 4.000%  11/1/45 12,150    13,768
  California GO 5.000%   8/1/46 10,020    11,991
  California GO 5.000%  10/1/48 12,115    15,302
  California GO 5.000%  10/1/49  5,000     6,398
  California GO 3.000%   3/1/50  5,000     5,346
  California GO 4.000%   3/1/50  5,000     5,989
  California GO 3.000%  11/1/50 18,165    19,482
  California GO 4.000%  11/1/50    500       565
5,6 California GO TOB VRDO 0.260%  12/3/20 13,890    13,890
6 California GO VRDO 0.060%  12/1/20 12,155    12,155
6 California GO VRDO 0.080%  12/1/20 11,200    11,200
6 California GO VRDO 0.090%  12/1/20  7,955     7,955
6 California GO VRDO 0.100%  12/1/20  9,900     9,900
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/25  2,720     2,996
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/26  2,740     3,218
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/26  5,000     5,409
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/27  1,840     2,153
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/29  2,390     2,769
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/29  1,000     1,171
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29  5,080     6,521
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29  1,600     2,044
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29  3,500     3,741
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/30  1,435     1,830
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/32  5,000     6,120
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/32  1,640     2,158
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/32    675       777
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/32  4,275     4,597
181
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/33  1,210     1,284
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.500%  8/15/33  3,920     4,046
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/33  2,510     2,699
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/33  1,100     1,281
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/33  1,295     1,643
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/33    675       777
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/34  2,465     2,759
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34    645       765
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/35  5,000     6,078
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/35  7,815     8,405
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/36  1,000     1,188
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/36  1,000     1,146
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/37  1,000     1,182
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/37  1,660     1,946
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/37  2,000     2,130
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/38  1,000     1,177
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/38  3,420     3,939
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/39  4,695     5,208
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/39  1,600     1,882
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/39  5,045     5,741
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/39  4,505     4,832
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/40  6,000     6,773
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/40  1,865     2,171
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/40  8,000     8,346
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  10/1/41    500       528
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/41  4,025     4,176
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/42  5,000     5,318
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/42  7,500     8,774
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/42  5,000     5,369
182
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/42  7,640     8,636
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/43  1,070     1,128
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/43  5,300     5,904
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   4/1/44  5,600     5,674
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/44  1,500     1,715
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/44  1,500     1,751
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/44 14,105    15,987
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/45  6,630     7,558
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/45  1,065     1,230
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/46     60        71
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/47  7,000     8,212
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/47  5,350     6,211
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/47  3,045     3,407
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/47  5,000     7,710
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/48 26,010    31,411
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/48 11,130    13,441
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/49 19,350    21,968
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/49 10,000    11,826
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/50 10,360    11,860
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/50  1,400     1,685
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/50  2,000     2,348
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/54  2,000     2,282
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/55  1,300     1,553
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/55  7,000     8,134
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/56 23,705    28,242
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/27  3,000     3,840
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/29 15,320    20,606
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.250%   3/1/21  2,500     2,531
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.250%   3/1/21  9,000     9,112
183
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, Prere. 4.000%  8/15/25  6,515     7,633
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  8/15/25 10,385    12,652
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/25 22,000    27,055
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/25    505       621
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/26     40        51
5,6 California Health Facilities Financing Authority Revenue (Kaiser Permanente) TOB VRDO 0.130%  12/3/20 16,900    16,900
5,6 California Health Facilities Financing Authority Revenue (Stanford Health Care Obligated Group) TOB VRDO 0.260%  12/3/20 15,575    15,575
5,6 California Health Facilities Financing Authority Revenue (Sutter Health) TOB VRDO 0.210%  12/3/20 10,000    10,000
5,6 California Health Facilities Financing Authority Revenue TOB VRDO 0.210%  12/3/20  3,200     3,200
  California Housing Finance Local or Guaranteed Housing Revenue 4.000%  3/20/33 10,848    12,092
  California Housing Finance Local or Guaranteed Housing Revenue 4.250%  1/15/35  2,829     3,242
  California Housing Finance Local or Guaranteed Housing Revenue 2.500%   2/1/38  1,733     1,879
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/45  1,315     1,531
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/50    870     1,009
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/55    945     1,087
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/52  5,000     6,127
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 4.000%  5/15/40  5,505     6,176
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/44  7,300     9,146
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%  10/1/33  3,075     3,834
  California Infrastructure & Economic Development Bank Private Schools Revenue PUT 1.750%   8/1/26  2,000     2,039
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   7/1/26  1,700     1,968
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/28  1,220     1,473
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/29  1,290     1,555
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/29  2,500     3,281
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/30  2,000     2,237
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/41  6,100     6,732
  California Infrastructure & Economic Development Bank Recreational Revenue 4.000%  11/1/45  1,000     1,067
  California Infrastructure & Economic Development Bank Recreational Revenue 3.000%   7/1/50 16,775    17,274
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/34  5,000     6,112
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/22    350       369
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/32    225       273
184
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/33    625       725
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/34  1,125     1,303
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/34    750       904
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/35  2,000     2,220
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/36    250       300
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/38  1,355     1,456
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/38  1,800     2,148
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/41  5,000     5,493
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/42  2,500     2,675
7 California Municipal Finance Authority College & University Revenue 4.000%  11/1/42  1,625     1,834
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/44  1,500     1,726
  California Municipal Finance Authority Electric Power & Light Revenue 5.000%  10/1/33  2,120     2,556
  California Municipal Finance Authority Electric Power & Light Revenue 5.000%  10/1/34  1,340     1,613
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/28  1,800     2,191
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29    390       463
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/30    275       329
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/31  2,465     2,941
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/31  2,910     3,513
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/32    775       920
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34  1,775     2,083
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/35    690       758
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/37  1,800     2,093
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/40  5,000     5,585
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/41  6,110     7,019
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/42  6,030     6,939
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/42  2,500     2,877
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/44  1,800     1,954
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/47  9,300    10,719
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/47  5,000     5,350
185
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/47  3,410     3,808
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Channing House Project) 4.000%  5/15/40  6,500     7,477
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Channing House Project) 5.000%  5/15/47  3,000     3,524
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/37    930     1,146
  California Municipal Finance Authority Industrial Revenue VRDO 0.080%  12/1/20  9,500     9,500
  California Municipal Finance Authority Industrial Revenue VRDO 0.100%  12/1/20  9,000     9,000
2 California Municipal Finance Authority Lease Revenue 5.000%   8/1/46  5,025     6,026
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 2.650%   8/1/36  8,139     8,810
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/40  1,525     1,759
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/48  5,000     5,485
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%   6/1/50  2,580     2,713
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 4.000%  8/15/42  1,000     1,085
5 California Municipal Finance Authority Local or Guaranteed Housing Revenue (Claremont Colleges Project) 5.000%   7/1/52  2,040     2,215
  California Municipal Finance Authority Water Revenue (Anaheim Water Systems Project) 4.000%  10/1/34  4,560     5,140
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   8/1/47  5,000     5,640
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/47  5,455     6,555
6 California Public Finance Authority Health, Hospital, Nursing Home Revenue VRDO 0.060%  12/1/20  6,500     6,500
5 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/36  1,300     1,487
5 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/49  2,000     2,221
5 California School Finance Authority Charter School Aid Revenue 5.000%   6/1/50  2,120     2,267
5 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/50  1,200     1,427
5 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/59  4,165     4,916
5 California School Finance Authority Charter School Aid Revenue (Green Dot Public School CA Project) 5.000%   8/1/48  3,025     3,510
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/34    475       581
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/35    900     1,095
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/36    515       623
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/37  1,000     1,202
  California State Public Works Board Lease (Abatement) Revenue 5.000%   5/1/29  7,095     9,277
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/31  1,000     1,258
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/31  2,500     3,145
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%   3/1/29  2,500     2,754
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%   3/1/34  1,300     1,428
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%   3/1/38  3,470     3,800
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/26  5,000     5,450
186
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/27  5,000     6,503
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%  11/1/30  6,000     7,126
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   4/1/33  2,220     2,610
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.500%  11/1/33  2,330     2,660
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.500%   9/1/35  4,000     4,505
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/37    655       804
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/37  5,000     5,411
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/38  1,000     1,223
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/39  3,000     3,458
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/44  4,000     5,149
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 2.625%  11/1/45  4,145     4,238
  California State University College & University Revenue 5.000%  11/1/30  6,690     8,277
  California State University College & University Revenue 5.000%  11/1/30  2,500     3,043
  California State University College & University Revenue 5.000%  11/1/31  7,000     8,216
  California State University College & University Revenue 5.000%  11/1/31  5,150     6,359
  California State University College & University Revenue 5.000%  11/1/32  7,000     8,196
  California State University College & University Revenue 5.000%  11/1/32  6,610     8,146
  California State University College & University Revenue 5.000%  11/1/33  3,590     4,202
  California State University College & University Revenue 4.000%  11/1/37  2,300     2,623
  California State University College & University Revenue 5.000%  11/1/37  5,025     6,643
  California State University College & University Revenue 4.000%  11/1/38  1,415     1,611
  California State University College & University Revenue 5.000%  11/1/38  4,045     4,843
  California State University College & University Revenue 5.000%  11/1/38  4,015     5,293
  California State University College & University Revenue 5.000%  11/1/38    660       820
  California State University College & University Revenue 5.000%  11/1/41 10,450    12,686
  California State University College & University Revenue 5.000%  11/1/43  5,050     5,998
  California State University College & University Revenue 5.000%  11/1/44  2,000     2,317
  California State University College & University Revenue 4.000%  11/1/45  1,630     1,832
  California State University College & University Revenue 5.000%  11/1/45  3,695     4,451
  California State University College & University Revenue 5.000%  11/1/47  6,105     7,474
  California State University College & University Revenue 5.000%  11/1/47  8,620    10,193
  California State University College & University Revenue 5.000%  11/1/48  5,010     6,341
  California State University College & University Revenue 5.000%  11/1/50  6,000     7,576
  California State University College & University Revenue 5.000%  11/1/51  6,070     7,794
  California State University College & University Revenue PUT 1.600%  11/1/26  3,500     3,645
  California State University College & University Revenue, Prere. 5.000%  11/1/21  1,355     1,414
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/35  9,005    10,245
  California State University Local or Guaranteed Housing Revenue 4.000%  11/1/45  2,000     2,424
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/51 10,000    10,892
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/27  2,035     2,485
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/30    100       123
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/31  4,745     5,690
187
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/32    175       213
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/33  1,350     1,674
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/34    680       825
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/35    925     1,119
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/36    780       941
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/37  2,335     2,739
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/37    520       626
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.500%   3/1/38  1,045     1,129
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/38    500       600
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/42  2,500     2,605
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/44  5,800     6,519
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/45  4,315     5,017
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/45  6,085     7,008
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   8/1/45  1,000     1,052
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/46  1,000     1,103
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/46  1,525     1,771
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/46  1,800     2,040
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/47  2,000     2,082
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/48  5,200     6,045
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/48    715       800
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/48  3,020     3,631
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.000%   4/1/50 10,570    11,014
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/51  1,155     1,263
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/51  3,000     3,470
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/53  3,450     4,099
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/57  3,775     4,480
5 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (899 Charleston Project) 5.250%  11/1/44  1,000     1,035
5 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (899 Charleston Project) 5.375%  11/1/49  2,300     2,386
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/43  1,500     1,814
188
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/48  7,000     8,398
5 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 4.000%  8/15/24  4,925     5,539
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   3/1/27  2,650     3,231
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/29  1,680     2,260
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.250%  8/15/21  2,500     2,589
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  12/1/21  7,280     7,631
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  8/15/22 11,000    11,895
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.625%  12/1/23  4,000     4,627
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24 10,000    11,789
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/29  2,000     2,277
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/30  3,500     3,970
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/32  2,500     2,818
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/40  4,445     4,891
1 California Statewide Communities Development Authority Miscellaneous Revenue, Prere. 5.000% 11/15/24    940     1,110
1 California Statewide Communities Development Authority Miscellaneous Revenue, Prere. 5.000% 11/15/24  5,975     7,054
1 California Statewide Communities Development Authority Miscellaneous Revenue, Prere. 5.000% 11/15/24  1,000     1,181
  California Statewide Communities Development Authority Special Tax Revenue 4.000%   9/1/50  1,300     1,384
  Campbell Union High School District GO 5.000%   8/1/35  1,000     1,238
  Carlsbad Unified School District GO 4.000%   5/1/32    575       689
  Carlsbad Unified School District GO 4.000%   5/1/33    685       814
  Carlsbad Unified School District GO 4.000%   5/1/34    695       821
  Carlsbad Unified School District GO 3.000%   8/1/42  2,730     2,991
  Carlsbad Unified School District GO 3.125%   8/1/48  6,000     6,558
1 Centinela Valley Union High School District GO 4.000%   8/1/50  3,000     3,363
  Centinela Valley Union High School District GO, Prere. 6.000%   8/1/23  3,000     3,450
  Central School District GO 5.000%   8/1/47  3,350     4,031
  Central School District GO 4.000%   8/1/48  3,945     4,593
  Central Unified School District GO 4.000%   8/1/48  8,400     9,525
2 Ceres Unified School District GO 5.000%   8/1/51  5,000     5,966
  Cerritos Community College District GO 4.000%   8/1/33  2,135     2,367
  Cerritos Community College District GO 0.000%   8/1/34  4,000     3,187
  Cerritos Community College District GO 0.000%   8/1/35  1,730     1,344
  Cerritos Community College District GO, Prere. 5.000%   8/1/22  7,000     7,563
  Chabot-Las Positas Community College District GO 5.000%   8/1/30  3,500     3,923
  Chabot-Las Positas Community College District GO 4.000%   8/1/35  2,000     2,327
  Chabot-Las Positas Community College District GO 4.000%   8/1/47  1,100     1,271
1 Charter Oak Unified School District GO 5.000%   8/1/31  1,380     1,649
1 Charter Oak Unified School District GO 5.000%   8/1/33  1,755     2,090
  Chico Unified School District GO 4.000%   8/1/35  1,880     2,128
189
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Chico Unified School District GO 3.000%   8/1/44  8,000     8,538
  Chula Vista Elementary School District Miscellaneous Revenue BAN 0.000%   8/1/23  2,000     1,983
  Chula Vista Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/25  2,130     2,471
  Chula Vista Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/26  1,175     1,394
4 Citrus Community College District GO, 5.000% coupon rate effective 2/1/23, Prere. 0.000%   2/1/24  2,475     2,565
2 Clovis CA Sewer Revenue 5.000%   8/1/37  1,000     1,222
2 Clovis CA Sewer Revenue 5.000%   8/1/38  2,235     2,724
2 Coachella Valley Unified School District GO 5.000%   8/1/46 10,000    11,872
  Coast Community College District GO 4.000%   8/1/32    540       672
  Coast Community College District GO 4.000%   8/1/33  1,195     1,472
  Coast Community College District GO 4.000%   8/1/34    250       306
2 Colton Joint Unified School District GO 4.000%   8/1/32  1,340     1,557
2 Compton CA Unified School District COP 5.000%   6/1/30    300       374
2 Compton CA Unified School District COP 4.000%   6/1/37    520       597
1 Conejo Valley Unified School District GO 0.000%   8/1/29  2,000     1,572
1 Conejo Valley Unified School District GO 0.000%   8/1/30  1,865     1,387
  Contra Costa Transportation Authority Sales Tax Revenue 5.000%   3/1/34  1,970     2,145
  Corona-Norco Unified School District GO 4.000%   8/1/49  3,000     3,489
1 Cotati-Rohnert Park Unified School District GO 5.000%   8/1/44  3,000     3,410
5,6 Culver City CA Unified School District GO TOB VRDO 0.070%  12/1/20  2,150     2,150
  Desert Community College District GO 4.000%   8/1/32    200       259
  Desert Community College District GO 2.000%   8/1/39  1,125     1,106
  Desert Community College District GO 2.125%   8/1/42  1,280     1,258
  East Bay Regional Park District GO 5.000%   9/1/25    175       176
1 East Side Union High School District GO 3.000%   8/1/30  2,000     2,248
1 East Side Union High School District GO 3.000%   8/1/31  2,000     2,232
1 East Side Union High School District GO 3.000%   8/1/32  1,500     1,656
1 East Side Union High School District GO 3.000%   8/1/33  1,500     1,645
1 East Side Union High School District GO 3.000%   8/1/35  5,995     6,528
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/31    400       556
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/32    600       829
  Eastern Municipal Water District Financing Authority Water Revenue 4.000%   7/1/34  5,300     6,162
  Eastern Municipal Water District Financing Authority Water Revenue 4.000%   7/1/35  3,780     4,386
  Eastern Municipal Water District Financing Authority Water Revenue 4.000%   7/1/37  1,115     1,399
  Eastern Municipal Water District Water Revenue 5.000%   7/1/39  2,030     2,482
  El Camino Community College District Foundation GO 5.000%   8/1/32  1,000     1,247
  El Camino Community College District Foundation GO 5.000%   8/1/33  1,115     1,385
  El Camino Community College District Foundation GO 5.000%   8/1/37  1,550     1,906
  El Camino Community College District Foundation GO 5.000%   8/1/48  6,550     8,229
  El Camino Healthcare District GO 4.000%   8/1/34  5,000     5,794
  El Dorado Irrigation District COP 4.000%   3/1/45  5,000     5,947
1 El Dorado Irrigation District Water Revenue, Prere. 5.250%   3/1/24  7,500     8,720
  El Segundo Unified School District GO 3.125%   8/1/48  4,530     4,848
  Encinitas CA Special Tax Revenue 5.000%   9/1/27  1,000     1,072
  Evergreen School District GO 4.000%   8/1/39    330       392
  Fairfield-Suisun Unified School District GO 2.000%   8/1/33  4,890     5,078
190
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
8 FHLMC Multifamily Certificates Local or Guaranteed Housing Revenue 3.050%  4/15/34  1,640     1,833
8 FHLMC Multifamily Certificates Local or Guaranteed Housing Revenue 2.350% 12/15/35  4,975     5,385
  Folsom Ranch Financing Authority Special Tax Revenue 5.000%   9/1/33    530       613
  Folsom Ranch Financing Authority Special Tax Revenue 5.000%   9/1/38    845       968
  Folsom Ranch Financing Authority Special Tax Revenue 5.000%   9/1/48  1,675     1,893
  Fontana CA Special Tax Revenue 4.000%   9/1/45    750       827
  Fontana CA Special Tax Revenue 4.000%   9/1/50  1,005     1,104
9 Foothill-De Anza Community College District GO 0.000%   8/1/22  3,850     3,825
9 Foothill-De Anza Community College District GO 0.000%   8/1/25  2,390     2,320
3 Foothill-De Anza Community College District GO 0.000%   8/1/36  3,000     2,236
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 6.500%  1/15/43  2,200     2,520
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.750%  1/15/46 14,500    16,293
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 3.500%  1/15/53  3,500     3,791
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 3.950%  1/15/53    435       478
4 Foothill-Eastern Transportation Corridor Agency Highway Revenue, 6.850% coupon rate effective 1/15/24 0.000%  1/15/42  9,000    10,452
  Foothill-Eastern Transportation Corridor Agency Highway Revenue, Prere. 6.000%  1/15/24  6,675     7,865
8 Freddie Mac Multifamily ML Certificates Local or Guaranteed Housing Revenue 3.350% 11/25/33  1,968     2,282
5,6 Fresno CA Unified School District GO TOB VRDO 0.260%  12/3/20  6,170     6,170
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000%   4/1/35  1,000     1,199
1 Fresno Joint Powers Financing Authority Revenue (Master Lease Projects) 4.000%   4/1/46  1,540     1,759
  Fresno Unified School District GO 4.000%   8/1/31    450       528
  Fresno Unified School District GO 4.000%   8/1/32    550       642
  Fresno Unified School District GO 4.000%   8/1/33    750       872
  Fresno Unified School District GO 4.000%   8/1/34    800       929
  Fresno Unified School District GO 4.000%   8/1/35    850       985
  Fresno Unified School District GO 4.000%   8/1/36  1,000     1,156
  Fresno Unified School District GO 4.000%   8/1/37    850       980
  Fresno Unified School District GO 4.000%   8/1/39  1,600     1,839
  Gavilan Joint Community College District GO 3.000%   8/1/50 14,645    15,414
  Gilroy Unified School District GO 4.000%   8/1/33  1,155     1,348
  Gilroy Unified School District GO 4.000%   8/1/36  1,000     1,156
  Gilroy Unified School District GO 4.000%   8/1/37  1,100     1,269
  Gilroy Unified School District GO 4.000%   8/1/41  3,115     3,567
  Gilroy Unified School District GO 4.000%   8/1/46  8,000     9,086
  Gilroy Unified School District GO 4.000%   8/1/48    280       322
5,6 Golden State Tobacco Securitization Corp. California Revenue TOB VRDO 0.210%  12/3/20 14,865    14,865
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/25  4,120     4,913
3 Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 0.000%   6/1/28 10,045     9,113
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/30  5,250     6,599
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/31  6,500     8,123
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/32  2,370     2,947
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/33  1,365     1,688
191
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/35  5,205     6,103
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/40 14,015    16,309
  Grossmont Healthcare District GO 4.000%  7/15/40 10,000    11,173
  Grossmont Healthcare District GO, Prere. 6.125%  7/15/21  2,500     2,593
  Grossmont Union High School District GO 0.000%   8/1/30  6,550     5,760
  Grossmont-Cuyamaca Community College District GO 5.250%   8/1/43  2,350     2,634
  Grossmont-Cuyamaca Community College District GO 4.000%   8/1/47 10,935    12,789
  Hartnell CA Community College District GO 4.000%   8/1/33    200       245
  Hartnell CA Community College District GO 4.000%   8/1/34    225       273
  Hartnell CA Community College District GO 4.000%   8/1/35    300       362
  Hartnell CA Community College District GO 4.000%   8/1/47  4,165     4,798
2 Hayward Unified School District GO 5.000%   8/1/33  1,335     1,715
2 Hayward Unified School District GO 5.000%   8/1/34  1,000     1,282
2 Hayward Unified School District GO 4.000%   8/1/43  3,000     3,526
2 Hayward Unified School District GO 5.000%   8/1/44  1,045     1,307
2 Hayward Unified School District GO 4.000%   8/1/48  4,050     4,722
1 Hayward Unified School District GO 4.000%   8/1/50 10,000    11,812
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/39  1,100     1,228
2 Imperial Community College District GO 0.000%   8/1/30  2,125     1,703
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/32  2,765     3,401
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/45  4,010     4,790
2 Imperial Unified School District GO 5.250%   8/1/43  5,000     6,112
2 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/32  1,000     1,221
2 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/34  1,060     1,286
2 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/38    500       601
2 Inglewood Unified School District GO 4.000%   8/1/26    250       298
2 Inglewood Unified School District GO 5.000%   8/1/31    500       621
2 Inglewood Unified School District GO 5.000%   8/1/32    420       519
2 Inglewood Unified School District GO 4.000%   8/1/36    500       580
6 Irvine CA Special Assessment Revenue VRDO 0.070%  12/1/20  9,140     9,140
1 Irvine CA Special Tax Revenue 5.000%   9/1/51  1,250     1,462
6 Irvine CA VRDO 0.080%  12/1/20  2,700     2,700
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/37    265       318
  Irvine Unified School District Special Tax Revenue 4.000%   9/1/40    350       402
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/42    400       474
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/47  1,000     1,173
2 Irvine Unified School District Special Tax Revenue 4.000%   9/1/49  1,110     1,287
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/51  1,000     1,167
2 Irvine Unified School District Special Tax Revenue 4.000%   9/1/54  2,750     3,158
2 Jefferson Union High School District COP 4.000%   8/1/45  1,455     1,698
2 Jefferson Union High School District COP 4.000%   8/1/50  3,750     4,339
  Jefferson Union High School District GO 4.000%   8/1/45  1,250     1,447
2 Jurupa Public Financing Authority Special Tax Revenue 4.000%   9/1/37    610       725
  Jurupa Unified School District GO 4.000%   8/1/43  8,000     9,441
  Kern Community College District GO 3.000%   8/1/46 10,000    10,620
1 La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas) 5.000%   9/1/32  2,000     2,228
192
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas) 5.000%   9/1/34  1,050     1,206
  La Verne CA COP, Prere. 5.000%  5/15/22  2,450     2,643
  Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/29  1,010     1,223
  Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/30  1,255     1,513
9 Las Virgenes Unified School District GO 0.000%   9/1/26  6,160     5,902
  Liberty Union High School District GO 4.000%   8/1/33    250       303
  Liberty Union High School District GO 4.000%   8/1/34    250       302
  Liberty Union High School District GO 2.375%   8/1/47  2,775     2,798
1 Lincoln CA Special Tax Revenue 5.000%   9/1/32  3,220     4,012
1 Lincoln CA Special Tax Revenue 5.000%   9/1/34  2,000     2,475
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/31    330       387
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/33    400       466
  Livermore Valley Water Financing Authority Lease Revenue 4.000%   7/1/43  3,000     3,421
2 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/34  1,000     1,107
2 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/35  1,000     1,105
2 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/36    730       803
2 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/39  1,285     1,391
1 Lodi Public Financing Authority Lease (Non-Terminable) Revenue 5.000%   9/1/32  1,640     2,098
  Long Beach Bond Finance Authority Natural Gas Revenue 5.000% 11/15/29  1,235     1,591
  Long Beach Bond Finance Authority Natural Gas Revenue 5.000% 11/15/35  1,575     2,200
  Long Beach Bond Finance Authority Natural Gas Revenue 5.500% 11/15/37  3,470     5,199
10 Long Beach Bond Finance Authority Natural Gas Revenue, 67% of 3M USD LIBOR + 1.430% 1.579% 11/15/26  1,800     1,833
3 Long Beach Bond Finance Authority Tax Allocation Revenue 5.500%   8/1/26  7,570     8,830
3 Long Beach Bond Finance Authority Tax Allocation Revenue 5.500%   8/1/31  4,215     5,731
  Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/40  4,440     4,454
  Long Beach CA Harbor Appropriations Revenue 5.000%  5/15/39  1,535     1,783
  Long Beach CA Harbor Appropriations Revenue 5.000%  5/15/42  2,155     2,491
  Long Beach CA Harbor Port, Airport & Marina Revenue 5.000%  5/15/47  5,005     5,952
5,6 Long Beach CA Unified School District GO TOB VRDO 0.130%  12/7/20  6,000     6,000
  Long Beach Community College District GO 0.000%   8/1/34  2,830     2,212
  Long Beach Community College District GO 4.000%   8/1/45  2,000     2,344
  Long Beach Community College District GO 4.000%   8/1/49  4,400     5,145
  Long Beach Unified School District GO 0.000%   8/1/26  1,870     1,717
  Long Beach Unified School District GO 3.000%   8/1/39  2,840     3,129
  Long Beach Unified School District GO 3.000%   8/1/50    900       965
  Los Angeles CA Community College District GO 4.000%   8/1/31  1,885     2,226
  Los Angeles CA Community College District GO 4.000%   8/1/33  1,075     1,284
  Los Angeles CA Community College District GO 4.000%   8/1/34  3,525     4,125
  Los Angeles CA Community College District GO 4.000%   8/1/36  2,300     2,706
  Los Angeles CA Community College District GO 4.000%   8/1/36  5,415     6,316
  Los Angeles CA Community College District GO 4.000%   8/1/37  4,250     4,949
  Los Angeles CA Community College District GO 4.000%   8/1/38  1,760     2,047
  Los Angeles CA Community College District GO 4.000%   8/1/39  1,000     1,160
  Los Angeles CA Community College District GO 4.000%   8/1/41  5,000     5,819
  Los Angeles CA Community College District GO, Prere. 4.000%   8/1/23  5,000     5,505
  Los Angeles CA Community College District GO, Prere. 4.000%   8/1/24  3,500     3,981
  Los Angeles CA Community College District GO, Prere. 5.000%   8/1/24  5,000     5,870
  Los Angeles CA Community College District GO, Prere. 5.000%   8/1/24  5,500     6,457
193
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
5,6 Los Angeles CA Department of Water & Power Revenue TOB VRDO 0.260%  12/3/20  7,235     7,235
2 Los Angeles CA Unified School District COP 5.000%  10/1/30    450       603
2 Los Angeles CA Unified School District COP 4.000%  10/1/32    735       913
2 Los Angeles CA Unified School District COP 2.250%  10/1/34    560       573
  Los Angeles CA Unified School District GO 5.000%   7/1/28  8,000     9,292
  Los Angeles CA Unified School District GO 5.000%   7/1/28  2,040     2,651
  Los Angeles CA Unified School District GO 5.000%   7/1/30  4,110     5,511
  Los Angeles CA Unified School District GO 5.000%   7/1/30  2,860     3,309
2 Los Angeles CA Unified School District GO 5.000%   7/1/30  2,820     3,632
  Los Angeles CA Unified School District GO 5.000%   7/1/31  5,030     6,712
  Los Angeles CA Unified School District GO 3.000%   1/1/34  4,780     5,320
  Los Angeles CA Unified School District GO 4.000%   7/1/35  5,000     5,638
  Los Angeles CA Unified School District GO 4.000%   7/1/36  5,000     6,141
  Los Angeles CA Unified School District GO 4.000%   7/1/37  5,000     6,121
  Los Angeles CA Unified School District GO 4.000%   7/1/40  2,725     3,304
  Los Angeles CA Unified School District GO 4.000%   7/1/40  3,000     3,638
  Los Angeles CA Unified School District GO 4.000%   7/1/44  5,000     5,985
  Los Angeles CA Unified School District GO 4.000%   7/1/44  3,100     3,711
  Los Angeles CA Unified School District GO 3.000%   7/1/45  3,700     4,014
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/33  1,010     1,275
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/34  3,250     4,095
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/35  5,000     5,955
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/35  2,500     3,144
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/36  1,660     2,082
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/37  2,100     2,627
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/43  2,860     3,147
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/48 10,000    12,561
  Los Angeles County Facilities Inc. Lease (Abatement) Revenue 5.000%  12/1/43  6,735     8,337
  Los Angeles County Facilities Inc. Lease (Abatement) Revenue 4.000%  12/1/48  9,805    11,140
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/31  2,025     2,501
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/31  1,600     2,252
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/32  2,340     2,883
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/33  1,700     2,149
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/34  5,225     6,416
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/34  2,500     3,155
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/34  3,305     4,181
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/35  1,500     1,874
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/35  3,000     4,059
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/36  1,500     1,864
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/36  2,000     2,692
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/36  3,750     4,823
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/37  1,200     1,486
194
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/37  3,580     4,479
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/38  5,950     7,614
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/41  3,000     3,723
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/44 14,000    17,629
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/34  2,000     2,328
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/43  7,000     8,443
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/45  1,160     1,359
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/45  7,000     9,151
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/49  5,035     6,418
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 3.000%  12/1/50 13,000    13,780
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects II) 5.000%   8/1/37  2,750     2,954
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects II) 5.000%   8/1/42  5,940     6,360
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue (Capital Projects District No. 14) 5.000%  10/1/35  4,000     4,831
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/33  3,000     3,972
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/34  4,000     5,281
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/35 16,000    16,917
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/35  1,000     1,231
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/37  2,135     2,735
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/38  5,240     6,079
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/38  2,150     2,747
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/38  2,100     2,683
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/38    695       907
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/39  2,500     3,019
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/39  5,750     7,484
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/40  5,000     6,022
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/42  2,000     2,425
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/43  2,500     3,154
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/49  5,000     6,203
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/40  8,200    10,943
195
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%   7/1/50  5,000     6,542
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/29  5,000     5,918
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/32  4,675     6,189
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/32  7,030     9,307
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/33  3,025     3,991
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/33  5,035     6,644
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/33  2,500     2,886
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/35  3,500     4,030
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/37  1,700     2,160
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/38  5,000     5,365
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/38  4,345     5,507
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/38  1,835     2,208
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/39  4,610     5,301
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/40  2,045     2,452
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/43 10,150    10,874
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/43  5,000     5,624
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/44 14,885    17,026
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.100%  12/1/20  7,500     7,500
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.100%  12/1/20  4,800     4,800
  Los Angeles Department of Water Revenue 5.000%   7/1/30  5,000     6,615
  Los Angeles Department of Water Revenue 5.000%   7/1/31  1,380     1,692
  Los Angeles Department of Water Revenue 5.000%   7/1/33  5,075     6,630
  Los Angeles Department of Water Revenue 5.000%   7/1/34  9,020    11,756
  Los Angeles Department of Water Revenue 5.000%   7/1/36 10,000    10,743
  Los Angeles Department of Water Revenue 5.000%   7/1/36  3,790     4,585
  Los Angeles Department of Water Revenue 5.000%   7/1/36  4,765     5,909
  Los Angeles Department of Water Revenue 5.000%   7/1/37  1,545     1,659
  Los Angeles Department of Water Revenue 5.000%   7/1/37  4,675     5,784
  Los Angeles Department of Water Revenue 5.000%   7/1/37  1,640     2,090
  Los Angeles Department of Water Revenue 5.000%   7/1/38  2,500     3,087
  Los Angeles Department of Water Revenue 5.000%   7/1/38  1,000     1,271
  Los Angeles Department of Water Revenue 5.000%   7/1/42  4,580     5,480
  Los Angeles Department of Water Revenue 5.000%   7/1/43  6,640     8,467
  Los Angeles Department of Water Revenue 5.000%   7/1/46  1,375     1,636
  Los Angeles Department of Water Revenue 5.000%   7/1/46  2,500     2,975
  Los Angeles Department of Water Revenue VRDO 0.080%  12/1/20 13,400    13,400
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/26  3,240     3,731
196
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%  11/1/29  3,000     3,757
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/30  2,465     3,080
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/31  1,565     1,788
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/32  1,525     1,739
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/33  5,200     5,984
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/33  1,765     2,010
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/34  2,535     2,910
  Los Rios Community College District GO 4.000%   8/1/34  4,555     5,408
  Los Rios Community College District GO 3.000%   8/1/44  3,850     4,111
  Lowell Joint School District GO 3.000%   8/1/41  1,485     1,624
9 Madera Unified School District GO 0.000%   8/1/28  2,680     2,443
  Madera Unified School District GO 4.000%   8/1/43  1,625     1,907
  Madera Unified School District GO 4.000%   8/1/47    420       490
2 Manteca Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/34    500       604
  Marin Community College District GO 4.000%   8/1/35    700       812
  Marin Community College District GO 4.000%   8/1/38  1,500     1,720
  Marin Healthcare District GO 5.000%   8/1/29  1,055     1,266
  Marin Healthcare District GO 4.000%   8/1/40  3,080     3,430
  Marin Healthcare District GO 4.000%   8/1/45 10,000    11,049
  Marina Coast Water District Water Revenue 5.000%   6/1/37  4,085     4,861
  Martinez Unified School District GO 4.000%   8/1/48  3,000     3,398
  Mesa Water District COP 4.000%  3/15/40    325       397
  Metropolitan Water District of Southern California Water Revenue 5.000%  10/1/33  6,000     6,367
  Metropolitan Water District of Southern California Water Revenue 5.000%   7/1/34  5,590     6,810
  Metropolitan Water District of Southern California Water Revenue 5.000%   7/1/40  4,500     5,352
  Metropolitan Water District of Southern California Water Revenue VRDO 0.090%  12/1/20  2,015     2,015
  Metropolitan Water District of Southern California Water Revenue VRDO 0.090%  12/1/20  1,500     1,500
  Metropolitan Water District of Southern California Water Revenue VRDO 0.100%  12/1/20  6,500     6,500
  Metropolitan Water District of Southern California Water Revenue VRDO 0.100%  12/1/20  1,900     1,900
  Mid-Peninsula Water District COP 4.000%  12/1/46  2,005     2,254
  Milpitas Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1) 5.000%   9/1/26  2,100     2,526
  Milpitas Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1) 5.000%   9/1/30  4,125     4,880
  Miracosta Community College District GO 2.000%   8/1/39  1,500     1,521
3 Modesto Irrigation District Electric Power & Light Revenue, ETM 6.500%  10/1/22  2,310     2,491
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.000%  10/1/40  6,000     7,031
  Moreno Valley Community Redevelopment Agency Tax Allocation Revenue 5.000%   8/1/31  1,675     2,049
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/33  1,605     1,858
  Morgan Hill Unified School District GO 4.000%   8/1/47  8,490     9,781
  Moulton-Niguel Water District COP 3.000%   9/1/49    780       845
  Mount San Antonio Community College District GO 5.000%   8/1/33  1,140     1,523
  Mount San Antonio Community College District GO 5.000%   8/1/39  1,000     1,314
197
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/43  2,000     2,327
2 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/45  4,000     4,685
2 Mountain House Public Financing Authority Lease Revenue 4.000%  12/1/50  6,670     7,766
  Mountain View Los Altos CA Union High School District GO 1.500%   8/1/32  1,750     1,769
  M-S-R Energy Authority Natural Gas Revenue 7.000%  11/1/34  7,000    11,170
  M-S-R Energy Authority Natural Gas Revenue 7.000%  11/1/34  3,200     5,106
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/39  4,195     6,941
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/39  4,660     7,711
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/39  1,170     1,936
4 Napa Valley Community College District GO, 4.000% coupon rate effective 2/1/2021 0.000%   8/1/33  2,500     2,813
4 Napa Valley Community College District GO, 4.000% coupon rate effective 2/1/2021 0.000%   8/1/34  2,000     2,245
1 Napa Valley Unified School District GO 4.000%   8/1/34  1,630     1,884
2 New Haven Unified School District GO 5.000%   8/1/28  2,000     2,321
  New Haven Unified School District GO 4.000%   8/1/36    500       600
  New Haven Unified School District GO 4.000%   8/1/37     70        84
  New Haven Unified School District GO 4.000%   8/1/39    420       499
  New Haven Unified School District GO 3.000%   8/1/49  3,500     3,742
  Newark CA Unified School District GO 5.000%   8/1/44  6,000     6,824
  Newport Beach CA Health, Hospital, Nursing Home Revenue, Prere. 6.000%  12/1/21  3,525     3,727
  Newport Mesa Unified School District GO 0.000%   8/1/35  4,000     3,113
  Newport Mesa Unified School District GO 0.000%   8/1/36  1,000       757
  Newport Mesa Unified School District GO 0.000%   8/1/37  2,000     1,473
  Newport Mesa Unified School District GO 0.000%   8/1/38  1,000       716
  Norco Financing Authority Lease (Non-Terminable) Revenue 4.000%  10/1/49  1,300     1,518
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/42  2,225     2,654
  North Orange County CA Community College District GO 3.000%   8/1/38  1,000     1,108
  North Orange County CA Community College District GO 3.000%   8/1/39  1,000     1,105
  North Orange County CA Community College District GO 3.000%   8/1/40  1,000     1,102
  Northern California Energy Authority Natural Gas Revenue PUT 4.000%   7/1/24  5,000     5,582
3 Northern California Power Agency Electric Power & Light Revenue, Prere. 7.500%   7/1/21    855       890
  Northern California Transmission Agency Electric Power & Light Revenue (California-Oregon Project) 5.000%   5/1/37  3,610     4,338
  Northern California Transmission Agency Electric Power & Light Revenue (California-Oregon Project) 5.000%   5/1/38  1,900     2,279
  Northstar Community Services District Special Tax Revenue 5.000%   9/1/25  1,680     1,145
  Norwalk-La Mirada Unified School District GO 5.000%   8/1/44  4,320     5,316
  Norwalk-La Mirada Unified School District GO 4.000%   8/1/47  5,105     5,881
5,6 Nuveen California AMT-Free Quality Municipal Income Fund VRDO VRDP 0.180%  12/3/20 10,000    10,000
  Oakland CA GO 5.000%  1/15/29  1,640     1,987
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/30    900     1,070
  Oakland Unified School District/Alameda County GO 5.000%   8/1/31    780       946
1 Oakland Unified School District/Alameda County GO 4.000%   8/1/33  3,450     4,029
1 Oakland Unified School District/Alameda County GO 4.000%   8/1/34  2,545     2,966
1 Oakland Unified School District/Alameda County GO 4.000%   8/1/35  1,000     1,163
  Oakland Unified School District/Alameda County GO 5.000%   8/1/35  2,850     3,333
  Oakland Unified School District/Alameda County GO 5.000%   8/1/40    900     1,044
  Oakland Unified School District/Alameda County GO, Prere. 6.625%   8/1/21  1,000     1,042
11 Oceanside CA Unified School District GO 0.000%   8/1/25  5,495     5,306
11 Oceanside CA Unified School District GO, ETM 0.000%   8/1/25    755       737
11 Oceanside CA Unified School District GO, ETM 0.000%   8/1/25    615       600
198
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Orange County Water District Water Revenue 4.000%  8/15/34    650       807
  Oxnard Union High School District GO 5.000%   8/1/45  1,000     1,260
  Palmdale Elementary School District GO 3.000%   8/1/49  3,000     3,184
  Palo Alto CA 4.250%   9/2/22    200       214
  Palo Alto CA 5.000%   9/2/26  1,000     1,080
  Palomar Community College District GO 0.000%   8/1/24  5,125     5,034
  Palomar Community College District GO 5.000%   8/1/34  1,000     1,268
  Palomar Health GO 4.000%   8/1/32  4,140     4,663
11 Palomar Health GO 0.000%   8/1/33  4,100     3,188
  Palomar Health GO 4.000%   8/1/33  4,085     4,586
  Palomar Health GO 5.000%   8/1/34  1,100     1,297
  Palomar Health GO 4.000%   8/1/35  4,270     4,772
  Palomar Health GO 0.000%   8/1/36  5,025     3,382
  Palomar Health GO 4.000%   8/1/36  5,085     5,663
  Palomar Health Health, Hospital, Nursing Home Revenue 5.000%  11/1/39  5,000     5,711
  Palomar Health Health, Hospital, Nursing Home Revenue 5.000%  11/1/42  3,000     3,426
1 Palomar Health Health, Hospital, Nursing Home Revenue 5.000%  11/1/47  4,000     4,717
9 Paramount Redevelopment Agency Successor Agency Tax Allocation Revenue 0.000%   8/1/26  3,000     2,707
2,7 Paramount Unified School District GO 3.000%   8/1/45  2,815     3,022
2,7 Paramount Unified School District GO 3.000%   8/1/50  6,430     6,853
  Pasadena Unified School District GO, Prere. 5.000%   5/1/22  4,000     4,273
  Peralta Community College District GO 3.000%   2/1/50  3,155     3,351
3 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project) 0.000%   8/1/21  2,920     2,910
3 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project) 0.000%   8/1/22  4,125     4,086
3 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project) 0.000%   8/1/24  1,000       971
  Pleasanton Unified School District GO 4.000%   8/1/42  7,300     8,476
1 Pomona Unified School District GO 2.125%   8/1/41  1,000       985
  Port of Los Angeles Port, Airport & Marina Revenue 4.000%   8/1/39  3,000     3,366
  Poway Unified School District GO 0.000%   8/1/33    990       790
  Poway Unified School District GO 0.000%   8/1/33  5,010     3,999
  Poway Unified School District GO 0.000%   8/1/34  8,130     6,330
  Poway Unified School District GO 0.000%   8/1/46 10,000     4,879
  Poway Unified School District GO 0.000%   8/1/51 10,000     4,200
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/24    780       878
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/27  1,025     1,151
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/28  2,335     2,909
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/29  3,440     4,277
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/30  1,755     2,178
2 Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/33  1,730     2,092
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/38  1,155     1,276
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/43  2,305     2,535
1 Poway Unified School District Special Tax Revenue 4.000%   9/1/50  2,250     2,616
1 Rancho Cucamonga Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project Area) 5.000%   9/1/29  1,800     2,080
199
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%   6/1/29  1,000     1,219
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/31    600       729
3 Redwood City Redevelopment Agency Successor Agency Tax Allocation Revenue 0.000%  7/15/26  3,445     3,251
  Richmond CA Wastewater Sewer Revenue 4.000%   8/1/36  1,295     1,573
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/23    600       680
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/30  1,000     1,308
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/32  1,000     1,293
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/33  2,105     2,711
  Riverside CA Sewer Revenue 5.000%   8/1/33  3,660     4,726
  Riverside Community College District GO 3.000%   8/1/34    580       650
  Riverside Community College District GO 3.000%   8/1/37  1,100     1,222
  Riverside Community College District GO 3.000%   8/1/40  3,750     4,134
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/44 10,090    11,436
  Riverside County Public Financing Authority Lease (Abatement) Revenue (Capital Facilities Project) 5.000%  11/1/33  5,000     6,021
  Riverside County Public Financing Authority Lease (Abatement) Revenue (Capital Facilities Project) 5.250%  11/1/40  5,000     5,993
  Riverside County Public Financing Authority Lease (Abatement) Revenue (Capital Facilities Project) 5.250%  11/1/45  8,000     9,530
2 Riverside County Public Financing Authority Tax Allocation Revenue 5.000%  10/1/32    820     1,011
1 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 4.000%  10/1/37  1,500     1,659
2,4 Riverside County Redevelopment Successor Agency Tax Allocation Revenue, 5.000% coupon rate effective 10/1/21 0.000%  10/1/41  2,000     2,254
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/41  6,710     3,692
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/42  2,975     1,576
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/43  7,500     3,822
  Riverside County Transportation Commission Highway Revenue 5.750%   6/1/48  2,000     2,170
  Riverside County Transportation Commission Sales Tax Revenue 5.000%   6/1/38  3,500     4,367
  Riverside Unified School District Financing Authority Miscellaneous Revenue 5.000%   9/1/24  1,440     1,552
  Riverside Unified School District Financing Authority Miscellaneous Revenue 5.000%   9/1/28  1,795     1,924
  Riverside Unified School District Financing Authority Miscellaneous Revenue 5.000%   9/1/29  1,880     2,011
  Riverside Unified School District Financing Authority Miscellaneous Revenue 5.000%   9/1/32  1,375     1,464
  Riverside Unified School District GO 4.000%   8/1/32  2,250     2,711
  Riverside Unified School District GO 4.000%   8/1/33  1,350     1,613
  Riverside Unified School District GO 3.000%   8/1/36    800       869
  Riverside Unified School District GO 3.000%   8/1/37  1,800     1,951
1 Robla CA School District GO 5.000%   8/1/44  2,170     2,632
  Romoland School District Special Tax Revenue 4.000%   9/1/45    750       831
  Romoland School District Special Tax Revenue 4.000%   9/1/50  2,365     2,617
  Roseville CA Electric System Lease (Non-Terminable) Revenue 4.000%   2/1/37  7,480     8,607
  Roseville CA Special Tax Revenue 5.000%   9/1/37  1,250     1,416
  Roseville CA Special Tax Revenue 4.000%   9/1/45    450       485
  Roseville CA Special Tax Revenue 4.000%   9/1/50  1,000     1,073
200
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Roseville Joint Union High School District (School Financing Project) COP 2.500%   6/1/45  3,000     3,054
  Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000%  2/15/22  1,635     1,722
  Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000%  2/15/28  2,500     3,133
  Ross Valley Public Financing Authority Sewer Revenue 5.000%   1/1/39    500       587
  Ross Valley Public Financing Authority Sewer Revenue 5.000%   1/1/43  1,190     1,391
2 Sacramento Area Flood Control Agency 5.000%  10/1/39  1,900     2,196
2 Sacramento Area Flood Control Agency 5.000%  10/1/44  2,000     2,299
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/36  2,245     2,614
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/48  9,160    10,408
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/48  5,000     5,663
9 Sacramento City Financing Authority Tax Allocation Revenue 0.000%  12/1/30  3,000     2,514
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/31    500       630
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/33  1,660     2,057
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/34  1,275     1,579
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/34  2,000     2,474
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/35  2,520     3,112
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/35  2,000     2,469
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/38  1,330     1,628
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/41  7,810     9,122
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/41  3,500     4,068
  Sacramento County Sanitation Districts Financing Authority Sewer Revenue 5.000%   8/1/32  1,000     1,205
  Sacramento County Sanitation Districts Financing Authority Sewer Revenue 5.000%  12/1/35  4,920     5,672
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/28  2,000     2,250
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/32  1,195     1,289
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/33  1,450     1,563
  Sacramento Municipal Utility District Electric Power & Light Revenue PUT 5.000% 10/17/23  2,500     2,772
  Sacramento Municipal Utility District Electric Power & Light Revenue PUT 5.000% 10/15/25  2,500     2,959
  Sacramento Regional Transit District Transit Revenue 5.000%   3/1/36  1,370     1,371
  Sacramento Regional Transit District Transit Revenue 5.000%   3/1/42  3,125     3,127
6 Sacramento Transportation Authority Sales Tax Revenue VRDO 0.070%  12/3/20  1,200     1,200
  Salinas Union High School District GO 4.000%   8/1/45  4,000     4,726
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/31  1,000     1,293
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/32  1,365     1,750
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/34  2,360     3,005
1 San Bernardino City Unified School District GO 0.000%   8/1/35  5,900     4,389
201
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 San Bernardino City Unified School District GO 0.000%   8/1/36  5,000     3,608
1 San Bernardino City Unified School District GO 4.000%   8/1/42  4,545     5,200
  San Bernardino Community College District GO 3.000%   8/1/41  6,000     6,464
  San Bernardino Community College District GO 0.000%   8/1/44  5,000     2,676
  San Bernardino Community College District GO 0.000%   8/1/48 12,770     6,216
  San Bernardino County CA (Arrowhead Project) COP 5.000%  10/1/24  2,000     2,341
  San Bernardino County CA (Arrowhead Project) COP 5.000%  10/1/25  4,000     4,855
  San Bernardino County CA (Arrowhead Project) COP 5.000%  10/1/26  2,000     2,499
  San Bernardino County CA (Arrowhead Project) COP 5.000%  10/1/27  3,500     4,483
  San Bernardino County Transportation Authority Sales Tax Revenue 5.000%   3/1/32  4,035     4,260
  San Diego Association of Governments Appropriations Revenue 5.000% 11/15/23  1,000     1,092
  San Diego Association of Governments Appropriations Revenue 5.000% 11/15/24  1,000     1,139
  San Diego Association of Governments Appropriations Revenue 5.000% 11/15/25  1,000     1,185
  San Diego Association of Governments Appropriations Revenue 5.000% 11/15/26  1,000     1,225
  San Diego Association of Governments Appropriations Revenue 1.800% 11/15/27  1,250     1,306
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/42  5,130     5,985
5,6 San Diego CA Community College District GO TOB VRDO 0.210%  12/3/20  3,000     3,000
  San Diego CA Unified School District GO 0.000%   7/1/29  8,150     7,413
  San Diego CA Unified School District GO 0.000%   7/1/30  1,500     1,333
  San Diego CA Unified School District GO 0.000%   7/1/31  1,500     1,303
  San Diego CA Unified School District GO 0.000%   7/1/32  1,110       940
  San Diego CA Unified School District GO 4.000%   7/1/32  6,245     7,309
  San Diego CA Unified School District GO 4.000%   7/1/33  1,565     1,986
  San Diego CA Unified School District GO 0.000%   7/1/34  3,550     2,470
  San Diego CA Unified School District GO 4.000%   7/1/34  1,210     1,369
  San Diego CA Unified School District GO 5.000%   7/1/35  5,005     5,572
  San Diego CA Unified School District GO 0.000%   7/1/38  4,890     3,533
  San Diego CA Unified School District GO 5.000%   7/1/40  1,240     1,463
  San Diego CA Unified School District GO 2.000%   7/1/45  5,000     4,848
  San Diego CA Unified School District GO 4.000%   7/1/45  8,050     8,949
  San Diego CA Unified School District GO 0.000%   7/1/49  1,000       520
  San Diego CA Unified School District GO 4.000%   7/1/49 10,250    12,198
  San Diego Community College District GO 4.000%   8/1/32  3,935     4,626
  San Diego Community College District GO 4.000%   8/1/32  3,200     3,762
  San Diego Community College District GO 0.000%   8/1/36  8,000     6,075
  San Diego Community College District GO 0.000%   8/1/38  3,510     2,522
  San Diego Community College District GO, Prere. 5.000%   8/1/21  2,500     2,581
  San Diego County CA COP 5.000% 10/15/28  1,445     1,703
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/25  1,570     1,886
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/26  1,250     1,548
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/27  1,645     2,087
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/29  1,245     1,642
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/29  1,245     1,642
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/30  1,355     1,821
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/30  1,355     1,821
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/32  1,500     1,993
202
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%   7/1/33  1,075     1,387
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/34  1,325     1,746
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/34  1,020     1,312
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/36  1,500     1,918
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/37  1,530     1,996
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/38  1,400     1,822
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/39  1,375     1,785
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/40  2,325     3,010
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/42  5,740     6,914
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/43  5,040     5,468
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/35  1,540     1,881
  San Diego County Regional Transportation Commission Sales Tax Revenue VRDO 0.080%  12/3/20 35,400    35,400
  San Diego County Regional Transportation Commission Sales Tax Revenue, Prere. 5.000%   4/1/22  1,500     1,596
  San Diego County Water Authority Water Revenue 5.000%   5/1/36  8,520    10,318
  San Diego Public Facilities Financing Authority Lease (Non-Terminable) Revenue 3.000%   8/1/49  3,000     3,284
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/36  5,050     6,204
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/31  7,000     8,464
  San Francisco Bay Area Rapid Transit District GO 4.000%   8/1/33  2,500     3,103
  San Francisco Bay Area Rapid Transit District GO 3.000%   8/1/49 12,600    13,597
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/35  3,800     4,481
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 3.000%   4/1/30  2,500     2,786
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 3.000%   4/1/31  2,500     2,759
  San Francisco CA City & County COP 4.000%   4/1/33  5,040     5,741
  San Francisco CA City & County COP 4.000%   9/1/33  5,855     6,336
  San Francisco CA City & County COP 4.000%   4/1/40  3,225     3,746
  San Francisco CA City & County COP 4.000%   4/1/41  2,705     3,096
  San Francisco CA City & County COP 4.000%   4/1/41  3,355     3,887
  San Francisco CA City & County COP 4.000%   4/1/45 11,755    13,346
  San Francisco CA City & County GO 4.000%  6/15/34  8,485     9,393
  San Francisco CA City & County GO 4.000%  6/15/35  8,825     9,758
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/30  2,040     2,469
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/31  2,430     2,929
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/31  1,015     1,223
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/32  4,000     4,750
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/32  1,305     1,554
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/33  1,370     1,630
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/35  5,000     6,154
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/36  4,010     4,734
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/39  8,000     9,213
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/50  2,500     3,093
203
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/21  1,100     1,149
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/21  1,205     1,258
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%   5/1/22  5,000     5,342
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%   5/1/22    950     1,013
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%   5/1/22  1,860     1,987
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%   5/1/22  4,000     4,273
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24     10        12
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/30  1,030     1,250
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/32  1,000     1,206
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/33  3,145     4,066
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/43  5,500     6,014
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/44  7,250     8,183
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/46 31,575    37,213
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/47    245       295
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/48  4,700     5,740
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/49  9,790    12,212
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/50 12,130    15,112
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue, Prere. 5.000%   5/3/21  1,485     1,515
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/29  8,000     8,665
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/32  1,125     1,217
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/32  2,740     3,309
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/34  2,675     3,227
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/34  3,030     3,881
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/35  2,815     3,388
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/36  2,960     3,556
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/36  7,000     8,916
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/37  2,080     2,643
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/28    985     1,214
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/30  1,200     1,466
204
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
9 San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/41    950     1,108
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/37    850     1,006
9 San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/41  1,280     1,505
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay Redevelopment Project) 5.000%   8/1/43  3,500     3,917
  San Francisco City & County Redevelopment Financing Authority Tax Allocation Revenue, Prere. 6.750%   2/1/21  1,000     1,011
  San Francisco Unified School District GO 4.000%  6/15/33  3,155     3,807
  San Francisco Unified School District GO 4.000%  6/15/34  2,500     3,004
  San Francisco Unified School District GO 4.000%  6/15/35  2,000     2,397
  San Francisco Unified School District GO 3.000%  6/15/39  4,075     4,446
  San Francisco Unified School District GO 3.000%  6/15/40  4,525     4,924
1 San Jacinto Unified School District COP 5.000%   9/1/27  1,140     1,472
1 San Jacinto Unified School District COP 5.000%   9/1/40  1,075     1,389
  San Joaquin County Transportation Authority Sales Tax Revenue 5.000%   3/1/37  7,000     8,635
9 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/24  6,000     5,664
9 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/25  6,375     5,899
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 5.000%  1/15/34  8,025     9,034
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 5.000%  1/15/44 11,710    13,000
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 5.250%  1/15/44  2,270     2,525
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 5.250%  1/15/49  8,000     8,866
  San Jose CA Hotel Tax Hotel Occupancy Tax Revenue 6.500%   5/1/42  5,000     5,050
  San Jose Evergreen Community College District GO 3.000%   9/1/34  1,300     1,462
  San Jose Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/35  4,100     5,084
  San Jose Unified School District GO 5.000%   8/1/32 10,000    12,091
  San Jose Unified School District GO 4.000%   8/1/39    200       220
  San Juan Unified School District GO 2.375%   8/1/41     15        15
2 San Leandro Unified School District GO 4.000%   8/1/35    450       537
2 San Leandro Unified School District GO 4.000%   8/1/37    850     1,008
2 San Leandro Unified School District GO 3.000%   8/1/43    500       532
2 San Leandro Unified School District GO 4.000%   8/1/43    650       760
  San Luis Obispo County Community College District GO 5.000%   8/1/32  1,395     1,672
1 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/29    760       935
1 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/34  1,155     1,390
  San Marcos Unified School District GO 0.000%   8/1/32  2,600     2,134
  San Marcos Unified School District GO 4.000%   8/1/33  3,500     4,181
  San Marcos Unified School District GO 5.000%   8/1/35  5,000     6,272
  San Marcos Unified School District GO 5.000%   8/1/36  2,000     2,502
  San Marcos Unified School District GO, Prere. 5.000%   8/1/21  2,835     2,927
6 San Mateo County Transportation Authority Sales Tax Revenue VRDO 0.100%  12/1/20  7,200     7,200
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 5.000%  7/15/31  2,290     2,799
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 4.000%  7/15/35  2,125     2,431
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 4.000%  7/15/52  8,955    10,208
205
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
9 San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue(Capital Projects Program) 5.000%   7/1/21  1,795     1,845
4 San Mateo Union High School District GO, 6.875% coupon rate effective 9/1/34 0.000%   9/1/46  3,280     3,240
1 San Pablo Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  6/15/29  1,780     2,034
  San Rafael CA City High School District GO 3.000%   8/1/47  2,225     2,405
  San Rafael City Elementary School District GO 4.500%   8/1/42  2,645     3,217
  San Rafael City Elementary School District GO 5.000%   8/1/43  2,550     3,144
  San Rafael City Elementary School District GO 4.000%   8/1/47  1,350     1,555
3 San Ramon Public Financing Authority Tax Allocation Revenue 0.000%   2/1/33  2,000     1,578
  San Ramon Valley CA Unified School District GO 4.000%   8/1/34  3,445     3,920
  San Ramon Valley Fire Protection District COP 4.000%   8/1/45  2,500     2,929
  San Ramon Valley Fire Protection District COP 4.000%   8/1/50  4,140     4,814
  Santa Ana College Improvement District #1 Rancho Santiago Community College Dist GO 4.000%   8/1/41  2,000     2,328
9 Santa Ana Unified School District GO 0.000%   8/1/32  3,680     2,951
  Santa Barbara Secondary High School District GO 0.000%   8/1/40  2,050     1,241
  Santa Barbara Unified School District GO 4.000%   8/1/31    985     1,195
  Santa Clara CA Electric Electric Power & Light Revenue, Prere. 6.000%   7/1/21  3,000     3,100
  Santa Clara County Financing Authority Lease (Abatement) Revenue 4.000%  5/15/33  2,500     2,827
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/38  2,765     2,956
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.125%   5/1/47  4,165     4,367
  Santa Clara Unified School District GO 3.000%   7/1/31  1,395     1,544
  Santa Clara Unified School District GO 3.000%   7/1/31  4,460     4,936
  Santa Clara Unified School District GO 3.000%   7/1/32  1,490     1,641
  Santa Clara Unified School District GO 3.000%   7/1/34  1,705     1,864
  Santa Clara Unified School District GO 3.000%   7/1/37  2,955     3,204
  Santa Clara Unified School District GO 3.000%   7/1/38  3,225     3,491
  Santa Clara Unified School District GO 4.000%   7/1/41  5,000     5,693
  Santa Clara Valley Transportation Authority Sales Tax Revenue VRDO 0.090%  12/1/20  3,030     3,030
  Santa Clara Valley Transportation Authority Sales Tax Revenue VRDO 0.100%  12/1/20 11,975    11,975
  Santa Clarita Community College District GO 3.000%   8/1/36    750       826
  Santa Clarita Community College District GO 3.000%   8/1/41    950     1,032
  Santa Clarita Community College District GO 4.000%   8/1/41  6,850     7,843
  Santa Clarita Community College District GO 3.000%   8/1/49  5,255     5,630
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 4.000%   6/1/46  2,825     3,208
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 2.750%   6/1/50  2,400     2,437
  Santa Margarita-Dana Point Authority Lease (Non-Terminable) Revenue 4.000%   6/1/35    480       599
  Santa Margarita-Dana Point Authority Lease (Non-Terminable) Revenue 3.000%   6/1/37    850       952
  Santa Monica Community College District GO 4.000%   8/1/31  3,000     3,361
  Santa Monica Community College District GO 4.000%   8/1/35  1,050     1,268
  Santa Monica Community College District GO 4.000%   8/1/36  1,250     1,499
  Santa Monica-Malibu Unified School District GO 4.000%   7/1/38    400       475
1 Santa Rosa High School District GO 5.000%   8/1/36    550       675
1 Santa Rosa High School District GO 5.000%   8/1/37    470       576
1 Santa Rosa High School District GO 5.000%   8/1/39  1,125     1,373
  Sequoia Union High School District GO 3.250%   7/1/38    100       106
  Sierra Joint Community College District GO 4.000%   8/1/53  3,350     3,883
  Silicon Valley Clean Water Sewer Revenue 5.000%   2/1/39  3,095     3,501
206
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Simi Valley Unified School District GO 0.000%   8/1/32  1,720     1,428
  Simi Valley Unified School District GO 4.000%   8/1/35  1,245     1,471
  Simi Valley Unified School District GO 5.000%   8/1/44  1,000     1,230
  Simi Valley Unified School District GO 4.000%   8/1/50 10,000    11,578
  Solana Beach School District Special Tax Revenue 5.000%   9/1/32    995     1,059
  Solana Beach School District Special Tax Revenue 5.000%   9/1/35  2,495     2,653
  Solano County Community College District GO 5.000%   8/1/37  1,050     1,303
  Solano County Community College District GO 3.000%   8/1/50  3,000     3,136
1 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/42  1,300     1,650
  South Coast Water District Financing Authority Lease (Non-Terminable) Revenue 4.000%   2/1/34    200       242
  South Coast Water District Financing Authority Lease (Non-Terminable) Revenue 4.000%   2/1/35    200       241
  South Coast Water District Financing Authority Lease (Non-Terminable) Revenue 4.000%   2/1/36    350       419
  South Coast Water District Financing Authority Lease (Non-Terminable) Revenue 4.000%   2/1/37    250       298
  South Coast Water District Financing Authority Lease (Non-Terminable) Revenue 3.000%   2/1/38  1,080     1,183
  South Coast Water District Financing Authority Lease (Non-Terminable) Revenue 3.000%   2/1/39  1,110     1,212
  South Coast Water District Financing Authority Lease (Non-Terminable) Revenue 3.000%   2/1/40  1,105     1,202
  South Coast Water District Financing Authority Lease (Non-Terminable) Revenue 2.375%   2/1/45  2,375     2,410
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Police Station Project) 4.000%   6/1/43  1,500     1,767
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Police Station Project) 4.000%   6/1/46  1,500     1,754
9 Southern California Public Power Authority Electric Power & Light Revenue 5.750%   7/1/21    220       221
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 4.000%   7/1/38  1,320     1,612
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 4.000%   7/1/40    625       757
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/34  1,000     1,355
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/36  1,100     1,478
6 Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-20) VRDO 0.070%  12/1/20  5,700     5,700
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.000%  11/1/28  3,600     4,599
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.000%  11/1/33  4,245     5,809
  Southern California Water Replenishment District Lease (Non-Terminable) Revenue 5.000%   8/1/41  8,110     9,563
  Southwestern Community College District GO 4.000%   8/1/34    375       445
  Southwestern Community College District GO 5.000%   8/1/44  7,045     8,307
  Southwestern Community College District GO 4.000%   8/1/47  7,940     9,147
  State Center Community College District GO 3.000%   8/1/40  4,660     5,210
  State Center Community College District GO 4.000%   8/1/42  2,315     2,688
2 Stockton Public Financing Authority Lease Revenue 5.000%  10/1/31  1,550     1,975
2 Stockton Public Financing Authority Lease Revenue 5.000%  10/1/36  2,000     2,487
2 Stockton Public Financing Authority Lease Revenue 4.000%  10/1/37  1,015     1,167
2 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/29  1,000     1,142
207
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Stockton Public Financing Authority Water Revenue (Delta Water Supply Project), Prere. 6.250%  10/1/23  2,160     2,526
1 Stockton Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/37  4,220     4,960
1 Stockton Unified School District GO 5.000%   8/1/38  3,500     3,955
2 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/31  1,225     1,416
2 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/32  1,250     1,442
2 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/33  1,280     1,475
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Civic Center Project) 4.000%   4/1/50  4,200     4,958
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Green Bond-Civic Center Project) 2.500%   4/1/52  4,360     4,397
2 Sweetwater Union High School District GO 5.000%   8/1/29  4,200     4,790
  Sweetwater Union High School District GO 5.000%   8/1/33    165       191
  Sweetwater Union High School District GO 5.000%   8/1/34    900     1,041
  Tahoe-Truckee Unified School District GO 5.000%   8/1/39  2,645     3,228
1 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/38  3,115     3,823
2 Temecula Valley Unified School District GO 4.500%   8/1/35  3,120     3,472
2 Temecula Valley Unified School District GO 4.625%   8/1/37  3,785     4,216
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/45  2,285     2,470
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/50  3,000     3,228
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/36    800     1,027
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/45  2,000     2,497
  Transbay Joint Powers Authority Tax Allocation Revenue 2.400%  10/1/49  1,135     1,152
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/49  2,200     2,733
  Tulare County Transportation Authority Sales Tax Revenue 4.000%   2/1/34  1,540     1,686
2 Tulare Local Health Care District GO 4.000%   8/1/31  1,250     1,527
2 Tulare Local Health Care District GO 4.000%   8/1/35  1,825     2,182
2 Tulare Local Health Care District GO 4.000%   8/1/39  3,275     3,854
9 Tulare Union High School District GO 0.000%   8/1/27    515       479
9 Tulare Union High School District GO 0.000%   8/1/28  1,250     1,136
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/31  2,000     2,008
  Tustin Community Facilities District Special Tax Revenue 5.000%   9/1/37  1,000     1,169
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/31  3,000     3,471
12 Ukiah CA Unified School District GO 0.000%   8/1/32  6,445     5,350
  Union Sanitary District Financing Authority Lease Revenue 4.000%   9/1/36    370       454
  Union Sanitary District Financing Authority Lease Revenue 4.000%   9/1/38    525       637
  Union Sanitary District Financing Authority Lease Revenue 4.000%   9/1/40    500       602
  Union Sanitary District Financing Authority Lease Revenue 3.000%   9/1/45  1,375     1,498
  Union Sanitary District Financing Authority Lease Revenue 3.000%   9/1/50  1,500     1,623
  United Water Conservation District COP 4.000%  10/1/45  1,635     1,907
  United Water Conservation District COP 4.000%  10/1/50  2,155     2,498
  University of California College & University Revenue 5.000%  5/15/30  1,000     1,109
  University of California College & University Revenue 5.000%  5/15/31  2,130     2,619
  University of California College & University Revenue 5.000%  5/15/32  7,925     9,424
  University of California College & University Revenue 5.000%  5/15/33  2,675     2,962
  University of California College & University Revenue 4.000%  5/15/34  7,000     8,254
  University of California College & University Revenue 4.000%  5/15/34  7,000     7,700
  University of California College & University Revenue 4.000%  5/15/34  5,000     5,632
13 University of California College & University Revenue 5.000%  5/15/34  4,820     6,179
  University of California College & University Revenue 4.000%  5/15/35  5,000     5,884
  University of California College & University Revenue 5.000%  5/15/35  2,080     2,124
208
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  University of California College & University Revenue 5.000%  5/15/35  7,475     9,563
  University of California College & University Revenue 5.000%  5/15/37  3,535     4,410
  University of California College & University Revenue 5.250%  5/15/37  3,500     4,028
  University of California College & University Revenue 5.000%  5/15/38 10,000    11,031
  University of California College & University Revenue 5.000%  5/15/40  5,000     5,879
  University of California College & University Revenue 5.000%  5/15/40     50        50
  University of California College & University Revenue 5.000%  5/15/41 10,370    12,485
  University of California College & University Revenue 5.000%  5/15/42  2,285     2,814
  University of California College & University Revenue 5.000%  5/15/43  4,000     5,019
  University of California College & University Revenue 4.000%  5/15/46 13,280    14,983
  University of California College & University Revenue 5.000%  5/15/46    320       382
  University of California College & University Revenue 4.000%  5/15/47  7,500     9,027
  University of California College & University Revenue 5.000%  5/15/47 15,025    18,358
  University of California College & University Revenue 5.000%  5/15/47  1,000     1,225
  University of California College & University Revenue 5.000%  5/15/48 11,500    14,319
  University of California College & University Revenue 4.000%  5/15/50  6,500     7,804
  University of California College & University Revenue 5.000%  5/15/52  8,000     9,733
  University of California College & University Revenue PUT 5.000%  5/15/23  6,500     7,253
  University of California College & University Revenue VRDO 0.100%  12/1/20 17,600    17,600
  University of California College & University Revenue, Prere. 5.000%  5/15/21  2,230     2,279
  University of California College & University Revenue, Prere. 5.000%  5/15/21  1,560     1,594
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/35  1,760     2,124
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/41 10,015    12,033
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 4.000%  5/15/44  5,545     6,203
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.060%  12/1/20  2,700     2,700
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.060%  12/1/20  5,200     5,200
  Upland CA COP 4.000%   1/1/42  5,000     5,422
  Upland CA COP 5.000%   1/1/47  5,060     5,726
  Upper Santa Clara Valley Joint Powers Authority Lease (Non-Terminable) Revenue 4.000%   8/1/45  3,450     3,900
  Upper Santa Clara Valley Joint Powers Authority Lease (Non-Terminable) Revenue 4.000%   8/1/50 12,845    14,466
  Vacaville Unified School District GO 4.000%   8/1/38    500       596
1 Val Verde Unified School District COP 5.000%   3/1/32    750       935
1 Val Verde Unified School District COP 5.000%   3/1/33  1,000     1,240
1 Val Verde Unified School District COP 5.000%   3/1/35  2,445     3,014
2 Val Verde Unified School District GO 4.000%   8/1/46  1,700     1,968
  Vallecitos Water District Water Revenue 5.000%   7/1/33  1,110     1,334
  Vallecitos Water District Water Revenue 5.000%   7/1/35    750       898
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/32    865     1,070
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/36    750       915
1 Vista Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/28  1,970     2,336
9 Vista Unified School District GO 0.000%   8/1/28  7,425     6,821
  Walnut Energy Center Authority Electric Power & Light Revenue 5.000%   1/1/34  3,100     3,561
  Walnut Valley Unified School District GO 0.000%   8/1/36  1,000       695
  Washington Township Health Care District GO 5.500%   8/1/40  5,000     5,655
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/22    875       931
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/31    500       623
209
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/33  1,080     1,270
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/35  2,170     2,352
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/36    500       605
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/48    750       800
9 West Contra Costa Unified School District GO 0.000%   8/1/32  7,650     6,141
1 West Contra Costa Unified School District GO 3.000%   8/1/35    850       941
1 West Contra Costa Unified School District GO 3.000%   8/1/36  1,000     1,103
1 West Contra Costa Unified School District GO 3.000%   8/1/37    700       769
  West Contra Costa Unified School District GO 5.000%   8/1/40  3,050     3,591
1 West Contra Costa Unified School District GO 3.000%   8/1/45  4,000     4,240
1 West Contra Costa Unified School District GO 4.000%   8/1/49  2,000     2,344
1 West Sacramento Area Flood Control Agency 5.000%   9/1/40  2,050     2,444
1 West Sacramento Area Flood Control Agency 5.000%   9/1/45  2,715     3,218
  West Sonoma County Union High School District GO 5.000%   8/1/43    780       988
  West Sonoma County Union High School District GO 5.000%   8/1/46  1,000     1,259
  West Sonoma County Union High School District GO 5.000%   8/1/49  2,000     2,510
  West Valley-Mission Community College District GO 4.000%   8/1/33  1,400     1,744
1 Western Placer Unified School District COP 4.000%   8/1/41  2,150     2,402
2 Western Placer Unified School District GO 5.000%   8/1/42  6,350     7,677
2 Westminster Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  11/1/28    720       894
2 Westminster Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  11/1/29  1,000     1,235
  Whittier CA Health, Hospital, Nursing Home Revenue 5.000%   6/1/44  5,500     6,215
  Yucaipa Valley Water District Financing Corp. Water Revenue 5.000%   9/1/27  1,000     1,203
                 5,474,513
Guam (0.1%)
  Guam Income Tax Revenue 5.000%  12/1/31  1,000     1,163
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/24  1,000     1,134
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/36    650       763
                 3,060
Puerto Rico (0.4%)
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/24  1,005       939
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/27  2,332     2,043
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/29  3,299     2,745
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/31  1,000       764
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/40 14,504    15,468
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/40  2,083     2,221
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.550%   7/1/40    110       119
210
California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.550%   7/1/40    225       243
                 24,542
Total Tax-Exempt Municipal Bonds (Cost $5,087,422) 5,502,115
Total Investments (99.7%) (Cost $5,087,422) 5,502,115
Other Assets and Liabilities—Net (0.3%) 15,620
Net Assets (100%) 5,517,735
Cost is in $000.
• See Note A in Notes to Financial Statements.
1 Scheduled principal and interest payments are guaranteed by Assured Guaranty Municipal Corp.
2 Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co.
3 Scheduled principal and interest payments are guaranteed by Ambac Assurance Corp.
4 Step bond.
5 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 November 30, 2020, the aggregate value was $141,508,000, representing 2.6% of net assets.
6 Scheduled principal and interest payments are guaranteed by bank letter of credit.
7 Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of November 30, 2020.
8 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as needed to maintain a positive net worth, in exchange for senior preferred stock.
9 Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp.
10 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.
11 Scheduled principal and interest payments are guaranteed by Assured Guaranty Corp.
12 Scheduled principal and interest payments are guaranteed by XL Capital Assurance Inc.
13 Securities with a value of $1,321,000 have been segregated as initial margin for open futures contracts.
  3M—3-month.
  BAN—Bond Anticipation Note.
  COP—Certificate of Participation.
  ETM—Escrowed to Maturity.
  GO—General Obligation Bond.
  LIBOR—London Interbank Offered Rate.
  Prere.—Prerefunded.
  PUT—Put Option Obligation.
  TOB—Tender Option Bond.
  VRDO—Variable Rate Demand Obligation.
  VRDP—Variable Rate Demand Preferred.
211
California Long-Term Tax-Exempt Fund
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts 		Notional
Amount 		Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts        
5-Year U.S. Treasury Note March 2021 1,201 151,364 190
Short Futures Contracts        
Ultra Long U.S. Treasury Bond March 2021 (166) (35,861) (8)
        182
  
See accompanying Notes, which are an integral part of the Financial Statements.
212
California Long-Term Tax-Exempt Fund
Statement of Assets and Liabilities
As of November 30, 2020
($000s, except shares and per-share amounts) Amount
Assets  
Investments in Securities, at Value—Unaffiliated Issuers (Cost $5,087,422) 5,502,115
Investment in Vanguard 227
Cash 81
Receivables for Accrued Income 46,140
Receivables for Capital Shares Issued 9,014
Variation Margin Receivable—Futures Contracts 32
Other Assets 110
Total Assets 5,557,719
Liabilities  
Payables for Investment Securities Purchased 33,435
Payables for Capital Shares Redeemed 2,794
Payables for Distributions 3,487
Payables to Vanguard 268
Total Liabilities 39,984
Net Assets 5,517,735
At November 30, 2020, net assets consisted of:  
   
Paid-in Capital 5,071,665
Total Distributable Earnings (Loss) 446,070
Net Assets 5,517,735
 
Investor Shares—Net Assets  
Applicable to 51,238,923 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		658,773
Net Asset Value Per Share—Investor Shares $12.86
 
Admiral Shares—Net Assets  
Applicable to 377,927,613 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		4,858,962
Net Asset Value Per Share—Admiral Shares $12.86
  
See accompanying Notes, which are an integral part of the Financial Statements.
213
California Long-Term Tax-Exempt Fund
Statement of Operations
  Year Ended
November 30, 2020
  ($000)
Investment Income  
Income  
Interest 145,892
Total Income 145,892
Expenses  
The Vanguard Group—Note B  
Investment Advisory Services 527
Management and Administrative—Investor Shares 927
Management and Administrative—Admiral Shares 3,305
Marketing and Distribution—Investor Shares 88
Marketing and Distribution—Admiral Shares 243
Custodian Fees 25
Auditing Fees 32
Shareholders’ Reports—Investor Shares 7
Shareholders’ Reports—Admiral Shares 10
Trustees’ Fees and Expenses 3
Total Expenses 5,167
Net Investment Income 140,725
Realized Net Gain (Loss)  
Investment Securities Sold 38,308
Futures Contracts (2,399)
Realized Net Gain (Loss) 35,909
Change in Unrealized Appreciation (Depreciation)  
Investment Securities 78,377
Futures Contracts 166
Change in Unrealized Appreciation (Depreciation) 78,543
Net Increase (Decrease) in Net Assets Resulting from Operations 255,177
  
See accompanying Notes, which are an integral part of the Financial Statements.
214
California Long-Term Tax-Exempt Fund
Statement of Changes in Net Assets
  Year Ended November 30,
  2020
($000) 		2019
($000)
     
Increase (Decrease) in Net Assets    
Operations    
Net Investment Income 140,725 139,077
Realized Net Gain (Loss) 35,909 9,442
Change in Unrealized Appreciation (Depreciation) 78,543 253,582
Net Increase (Decrease) in Net Assets Resulting from Operations 255,177 402,101
Distributions1    
Investor Shares (16,934) (16,620)
Admiral Shares (122,476) (122,361)
Total Distributions (139,410) (138,981)
Capital Share Transactions    
Investor Shares 7,942 128,665
Admiral Shares 383,943 632,697
Net Increase (Decrease) from Capital Share Transactions 391,885 761,362
Total Increase (Decrease) 507,652 1,024,482
Net Assets    
Beginning of Period 5,010,083 3,985,601
End of Period 5,517,735 5,010,083
1 Certain prior-period numbers have been reclassified to conform with the current-period presentation.
  
See accompanying Notes, which are an integral part of the Financial Statements.
215
California Long-Term Tax-Exempt Fund
Financial Highlights
Investor Shares          
For a Share Outstanding
Throughout Each Period  		Year Ended November 30,
2020 2019 2018 2017 2016
Net Asset Value, Beginning of Period $12.53 $11.79 $12.10 $11.66 $12.12
Investment Operations          
Net Investment Income .3351 .3711 .3941 .3961 .410
Net Realized and Unrealized Gain (Loss) on Investments .327 .741 (.309) .438 (.460)
Total from Investment Operations .662 1.112 .085 .834 (.050)
Distributions          
Dividends from Net Investment Income (.332) (.372) (.395) (.394) (.410)
Distributions from Realized Capital Gains — — — — —
Total Distributions (.332) (.372) (.395) (.394) (.410)
Net Asset Value, End of Period $12.86 $12.53 $11.79 $12.10 $11.66
Total Return2 5.36% 9.54% 0.71% 7.22% -0.55%
Ratios/Supplemental Data          
Net Assets, End of Period (Millions) $659 $640 $479 $486 $455
Ratio of Total Expenses to Average Net Assets 0.17% 0.17% 0.17% 0.19% 0.19%
Ratio of Net Investment Income to Average Net Assets 2.66% 3.02% 3.31% 3.29% 3.31%
Portfolio Turnover Rate 27% 11% 15% 16% 18%
1 Calculated based on average shares outstanding.
2 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
  
See accompanying Notes, which are an integral part of the Financial Statements.
216
California Long-Term Tax-Exempt Fund
Financial Highlights
Admiral Shares          
For a Share Outstanding
Throughout Each Period  		Year Ended November 30,
2020 2019 2018 2017 2016
Net Asset Value, Beginning of Period $12.53 $11.79 $12.10 $11.66 $12.12
Investment Operations          
Net Investment Income .3451 .3811 .4041 .4081 .423
Net Realized and Unrealized Gain (Loss) on Investments .327 .741 (.310) .438 (.460)
Total from Investment Operations .672 1.122 .094 .846 (.037)
Distributions          
Dividends from Net Investment Income (.342) (.382) (.404) (.406) (.423)
Distributions from Realized Capital Gains — — — — —
Total Distributions (.342) (.382) (.404) (.406) (.423)
Net Asset Value, End of Period $12.86 $12.53 $11.79 $12.10 $11.66
Total Return2 5.44% 9.63% 0.80% 7.33% -0.45%
Ratios/Supplemental Data          
Net Assets, End of Period (Millions) $4,859 $4,371 $3,506 $3,419 $3,062
Ratio of Total Expenses to Average Net Assets 0.09% 0.09% 0.09% 0.09% 0.09%
Ratio of Net Investment Income to Average Net Assets 2.73% 3.10% 3.39% 3.39% 3.41%
Portfolio Turnover Rate 27% 11% 15% 16% 18%
1 Calculated based on average shares outstanding.
2 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
  
See accompanying Notes, which are an integral part of the Financial Statements.
217
California Long-Term Tax-Exempt Fund
Notes to Financial Statements
Vanguard California Long-Term Tax-Exempt Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers two classes of shares: Investor Shares and Admiral Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors.
The fund invests in debt instruments of municipal issuers whose ability to meet their obligations may be affected by economic and political developments in the state. Many municipalities insure repayment of their bonds. The insurance does not guarantee the market value of the municipal bonds. Market disruptions associated with the COVID-19 pandemic have had a global impact, and uncertainty exists as to the long-term implications. Such disruptions can adversely affect assets of the fund and thus fund performance.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.
1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Bonds and temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Securities for which market quotations are not readily available, or whose values have been materially affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value.
2. Futures Contracts: The fund uses futures contracts to invest in fixed income asset classes with greater efficiency and lower cost than is possible through direct investment, to add value when these instruments are attractively priced, or to adjust sensitivity to changes in interest rates. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on future contracts.
During the year ended November 30, 2020, 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.
218
California Long-Term Tax-Exempt Fund
3. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its income. The fund’s tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return. Management has analyzed the fund’s tax positions taken for all open federal and state income tax years, and has concluded that no provision for income tax is required in the fund’s financial statements.
4. Distributions: Distributions from net investment income are declared daily and paid on the first business day of the following month. Annual distributions from realized capital gains, if any, are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
5. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes, subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility; these fees are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at a rate based upon the higher of the one-month London Interbank Offered Rate (or an acceptable alternate rate, if necessary), federal funds effective rate, or overnight bank funding rate plus an agreed-upon spread, except that borrowings under the uncommitted credit facility may bear interest based upon an 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 year ended November 30, 2020, the fund did not utilize the credit facilities or the Interfund Lending Program.
6. Other: Interest income is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
219
California Long-Term Tax-Exempt Fund
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month.
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At November 30, 2020, the fund had contributed to Vanguard capital in the amount of $227,000, representing less than 0.01% of the fund’s net assets and 0.09% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
C. Various inputs may be used to determine the value of the fund’s investments 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.
The following table summarizes the market value of the fund’s investments and derivatives as of November 30, 2020, 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 — 5,502,115 — 5,502,115
Derivative Financial Instruments         
Assets        
Futures Contracts1 32 — — 32
1 Represents variation margin on the last day of the reporting period.
D. Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These
220
California Long-Term Tax-Exempt Fund
reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for distributions in connection with fund share redemptions were reclassified between the following accounts:
  Amount
($000)
Paid-in Capital 1,701
Total Distributable Earnings (Loss) (1,701)
Temporary differences between book-basis and tax-basis components of total distributable earnings (losses) arise when certain items of income, gain, or loss are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future. The differences are primarily related to the deferral of losses from wash sales; the deferral of losses from straddles; the recognition of unrealized gains or losses from certain derivative contracts; the inclusion of payables for distributions; and the treatment of amortization adjustments from certain fixed income securities. As of period end, the tax-basis components of total distributable earnings (losses) are detailed in the table as follows:
  Amount
($000)
Undistributed Ordinary Income 1,301
Undistributed Tax-Exempt Income 3,501
Undistributed Long-Term Gains 34,581
Capital Loss Carryforwards —
Qualified Late-Year Losses —
Net Unrealized Gains (Losses) 410,174
The tax character of distributions paid was as follows:
  Year Ended November 30,
  2020
Amount
($000) 		2019
Amount
($000)
Tax-Exempt Income 139,410 138,981
Ordinary Income* — —
Long-Term Capital Gains — —
Total 139,410 138,981
* Includes short-term capital gains, if any.
As of November 30, 2020, 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 5,091,941
Gross Unrealized Appreciation 413,015
Gross Unrealized Depreciation (2,841)
Net Unrealized Appreciation (Depreciation) 410,174
221
California Long-Term Tax-Exempt Fund
E. During the year ended November 30, 2020, the fund purchased $1,854,205,000 of investment securities and sold $1,342,460,000 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 year ended November 30, 2020, such purchases and sales were $488,417,000 and $460,081,000, respectively; these amounts, other than temporary cash investments, are included in the purchases and sales of investment securities noted above.
F. Capital share transactions for each class of shares were:
    
  Year Ended November 30,  
  2020   2019
  Amount
($000) 		Shares
(000) 		  Amount
($000) 		Shares
(000)
Investor Shares          
Issued 273,963 21,632   233,399 18,931
Issued in Lieu of Cash Distributions 14,557 1,151   14,359 1,167
Redeemed (280,578) (22,598)   (119,093) (9,709)
Net Increase (Decrease)—Investor Shares 7,942 185   128,665 10,389
Admiral Shares          
Issued 1,099,697 87,283   964,971 78,632
Issued in Lieu of Cash Distributions 80,927 6,395   80,398 6,532
Redeemed (796,681) (64,629)   (412,672) (33,721)
Net Increase (Decrease)—Admiral Shares 383,943 29,049   632,697 51,443
G. Management has determined that no events or transactions occurred subsequent to November 30, 2020, that would require recognition or disclosure in these financial statements.
222
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Vanguard California Tax-Free Funds and Shareholders of Vanguard California Municipal Money Market Fund, Vanguard California Intermediate-Term Tax-Exempt Fund and Vanguard California Long-Term Tax-Exempt Fund
Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of Vanguard California Municipal Money Market Fund, Vanguard California Intermediate-Term Tax-Exempt Fund and Vanguard California Long-Term Tax-Exempt Fund (constituting Vanguard California Tax-Free Funds, hereafter collectively referred to as the "Funds") as of November 30, 2020, the related statements of operations for the year ended November 30, 2020, the statements of changes in net assets for each of the two years in the period ended November 30, 2020, including the related notes, and the financial highlights for each of the five years in the period ended November 30, 2020 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of November 30, 2020, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended November 30, 2020 and each of the financial highlights for each of the five years in the period ended November 30, 2020 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinions
These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of November 30, 2020 by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.
/s/PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
January 14, 2021
We have served as the auditor of one or more investment companies in The Vanguard Group of Funds since 1975.
223
Special 2020 tax information (unaudited) for Vanguard California Municipal Money Market Fund
This information for the fiscal year ended November 30, 2020, is included pursuant to provisions of the Internal Revenue Code.
The fund designates 100% of its income dividends as exempt-interest dividends.
Special 2020 tax information (unaudited) for Vanguard California Intermediate-Term Tax-Exempt Fund
This information for the fiscal year ended November 30, 2020, is included pursuant to provisions of the Internal Revenue Code.
The fund distributed $1,399,000 as capital gain dividends (20% rate gain distributions) to shareholders during the fiscal year.
The fund designates 100% of its income dividends as exempt-interest dividends.
Special 2020 tax information (unaudited) for Vanguard California Long-Term Tax-Exempt Fund
This information for the fiscal year ended November 30, 2020, is included pursuant to provisions of the Internal Revenue Code.
The fund distributed $1,654,000 as capital gain dividends (20% rate gain distributions) to shareholders during the fiscal year.
For nonresident alien shareholders, 100% of short-term capital gain dividends distributed by the fund are qualified short-term capital gains.
The fund designates 100% of its income dividends as exempt-interest dividends.
224
BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. BARCLAYS is a trademark and service mark of Barclays Bank Plc, used under license. Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (BISL) (collectively, Bloomberg), or Bloomberg’s licensors, own all proprietary rights in the Bloomberg Barclays Municipal CA Intermediate Bond Index and the Bloomberg Barclays CA Municipal Bond Index (Indices or Bloomberg Barclays Indices.)
Neither Barclays Bank Plc, Barclays Capital Inc., or any affiliate (collectively Barclays) or Bloomberg is the issuer or producer of the California Tax-Exempt Funds and neither Bloomberg nor Barclays has any responsibilities, obligations or duties to investors in the California Tax-Exempt Funds. The Indices are licensed for use by The Vanguard Group, Inc. (Vanguard) as the sponsor of the California Tax-Exempt Funds. Bloomberg and Barclays’ only relationship with Vanguard in respect of the Indices is the licensing of the Indices, which are determined, composed and calculated by BISL, or any successor thereto, without regard to the Issuer or the California Tax-Exempt Funds or the owners of the California Tax-Exempt Funds.
Additionally, Vanguard may for itself execute transaction(s) with Barclays in or relating to the Indices in connection with the California Tax-Exempt Funds. Investors acquire the California Tax-Exempt Funds from Vanguard and investors neither acquire any interest in the Indices nor enter into any relationship of any kind whatsoever with Bloomberg or Barclays upon making an investment in the California Tax-Exempt Funds. The California Tax-Exempt Funds are not sponsored, endorsed, sold or promoted by Bloomberg or Barclays. Neither Bloomberg nor Barclays makes any representation or warranty, express or implied regarding the advisability of investing in the California Tax-Exempt Funds or the advisability of investing in securities generally or the ability of the Indices to track corresponding or relative market performance. Neither Bloomberg nor Barclays has passed on the legality or suitability of the California Tax-Exempt Funds with respect to any person or entity. Neither Bloomberg nor Barclays is responsible for and has not participated in the determination of the timing of, prices at, or quantities of the California Tax-Exempt Funds to be issued. Neither Bloomberg nor Barclays has any obligation to take the needs of the Issuer or the owners of the California Tax-Exempt Funds or any other third party into consideration in determining, composing or calculating the Indices. Neither Bloomberg nor Barclays has any obligation or liability in connection with administration, marketing or trading of the California Tax-Exempt Funds.
The licensing agreement between Bloomberg and Barclays is solely for the benefit of Bloomberg and Barclays and not for the benefit of the owners of the California Tax-Exempt Funds, investors or other third parties. In addition, the licensing agreement between Vanguard and Bloomberg is solely for the benefit of Vanguard and Bloomberg and not for the benefit of the owners of the California Tax-Exempt Funds, investors or other third parties.
NEITHER BLOOMBERG NOR BARCLAYS SHALL HAVE ANY LIABILITY TO THE ISSUER, INVESTORS OR TO OTHER THIRD PARTIES FOR THE QUALITY, ACCURACY AND/OR COMPLETENESS OF THE BLOOMBERG BARCLAYS INDICES OR ANY DATA INCLUDED THEREIN OR FOR INTERRUPTIONS IN THE DELIVERY OF THE BLOOMBERG BARCLAYS INDICES. NEITHER BLOOMBERG NOR BARCLAYS MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE ISSUER, THE INVESTORS OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE BLOOMBERG BARCLAYS INDICES OR ANY DATA INCLUDED THEREIN. NEITHER BLOOMBERG NOR BARCLAYS MAKES ANY EXPRESS OR IMPLIED WARRANTIES, AND EACH HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE BLOOMBERG BARCLAYS INDICES OR ANY DATA INCLUDED THEREIN. BLOOMBERG RESERVES THE RIGHT TO CHANGE THE METHODS OF CALCULATION OR PUBLICATION, OR TO CEASE THE CALCULATION OR PUBLICATION OF THE BLOOMBERG BARCLAYS INDICES, AND NEITHER BLOOMBERG NOR BARCLAYS SHALL BE LIABLE FOR ANY MISCALCULATION OF OR ANY INCORRECT, DELAYED OR INTERRUPTED PUBLICATION WITH RESPECT TO ANY OF THE BLOOMBERG BARCLAYS INDICES. NEITHER BLOOMBERG NOR BARCLAYS SHALL BE LIABLE FOR ANY DAMAGES, INCLUDING, WITHOUT LIMITATION, ANY SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES, OR ANY LOST PROFITS AND EVEN IF ADVISED OF THE POSSIBILITY OF SUCH, RESULTING FROM THE USE OF THE BLOOMBERG BARCLAYS INDICES OR ANY DATA INCLUDED THEREIN OR WITH RESPECT TO THE CALIFORNIA TAX-EXEMPT FUNDS.
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The People Who Govern Your Fund
The trustees of your mutual fund are there to see that the fund is operated and managed in your best interests since, as a shareholder, you are a part owner of the fund. Your fund’s trustees also serve on the board of directors of The Vanguard Group, Inc., which is owned by the Vanguard funds and provides services to them.
A majority of Vanguard’s board members are independent, meaning that they have no affiliation with Vanguard or the funds they oversee, apart from the sizable personal investments they have made as private individuals. The independent board members have distinguished backgrounds in business, academia, and public service. Each of the trustees and executive officers oversees 211 Vanguard funds.
Information for each trustee and executive officer of the fund appears below. That information, as well as the Vanguard fund count, is as of the date on the cover of this fund report. The mailing address of the trustees and officers is P.O. Box 876, Valley Forge, PA 19482. More information about the trustees is in the Statement of Additional Information, which can be obtained, without charge, by contacting Vanguard at 800-662-7447, or online at vanguard.com.
Interested Trustee1
Mortimer J. Buckley
Born in 1969. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: chairman of the board (2019–present) of Vanguard and of each of the investment companies served by Vanguard; chief executive officer (2018–present) of Vanguard; chief executive officer, president, and trustee (2018–present) of each of the investment companies served by Vanguard; president and director (2017–present) of Vanguard; and president (2018–present) of Vanguard Marketing Corporation. Chief investment officer (2013–2017), managing director (2002–2017), head of the Retail Investor Group (2006–2012), and chief information officer (2001–2006) of Vanguard. Chairman of the board (2011–2017) and trustee (2009–2017) of the Children’s Hospital of Philadelphia; and trustee (2018–present) and vice chair (2019–present) of The Shipley School.
Independent Trustees
Emerson U. Fullwood
Born in 1948. Trustee since January 2008. Principal occupation(s) during the past five years and other experience: executive chief staff and marketing officer for North America and corporate vice president (retired 2008) of Xerox Corporation (document management products and services). Former president of the Worldwide Channels Group, Latin
America, and Worldwide Customer Service and executive chief staff officer of Developing Markets of Xerox. Executive in residence and 2009–2010 Distinguished Minett Professor at the Rochester Institute of Technology. Director of SPX FLOW, Inc. (multi-industry manufacturing). Director of the University of Rochester Medical Center, the Monroe Community College Foundation, the United Way of Rochester, North Carolina A&T University, and Roberts Wesleyan College. Trustee of the University of Rochester.
Amy Gutmann
Born in 1949. Trustee since June 2006. Principal occupation(s) during the past five years and other experience: president (2004–present) of the University of Pennsylvania. Christopher H. Browne Distinguished Professor of Political Science, School of Arts and Sciences, and professor of communication, Annenberg School for Communication, with secondary faculty appointments in the Department of Philosophy, School of Arts and Sciences, and at the Graduate School of Education, University of Pennsylvania.
F. Joseph Loughrey
Born in 1949. Trustee since October 2009. Principal occupation(s) during the past five years and other experience: president and chief operating officer (retired 2009) and vice chairman of the board (2008–2009) of Cummins Inc. (industrial machinery). Chairman of the board of Hillenbrand, Inc. (specialized consumer services) and the Lumina Foundation.
 
1  Mr. Buckley is considered an “interested person,” as defined in the Investment Company Act of 1940, because he is an officer of the Vanguard funds.
Director of the V Foundation. Member of the advisory council for the College of Arts and Letters and chair of the advisory board to the Kellogg Institute for International Studies, both at the University of Notre Dame.
Mark Loughridge
Born in 1953. Trustee since March 2012. Principal occupation(s) during the past five years and other experience: senior vice president and chief financial officer (retired 2013) of IBM (information technology services). Fiduciary member of IBM’s Retirement Plan Committee (2004–2013), senior vice president and general manager (2002–2004) of IBM Global Financing, vice president and controller (1998–2002) of IBM, and a variety of other prior management roles at IBM. Member of the Council on Chicago Booth.
Scott C. Malpass
Born in 1962. Trustee since March 2012. Principal occupation(s) during the past five years and other experience: chief investment officer (retired June 2020) and vice president (retired June 2020) of the University of Notre Dame. Assistant professor of finance at the Mendoza College of Business, University of Notre Dame, and member of the Notre Dame 403(b) Investment Committee (retired June 2020). Member of the board of Catholic Investment Services, Inc. (investment advisors) and the board of superintendence of the Institute for the Works of Religion.
Deanna Mulligan
Born in 1963. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: board chair (2020–present), chief executive officer (2011–2020), and president (2010–2019) of The Guardian Life Insurance Company of America. Chief operating officer (2010–2011) and executive vice president (2008–2010) of the individual life and disability division of Guardian Life. Member of the board of the American Council of Life Insurers and the board of the Economic Club of New York. Trustee of the Partnership for New York City (business leadership), Chief Executives for Corporate Purpose, NewYork-Presbyterian Hospital, Catalyst, and the Bruce Museum (arts and science). Member of the Advisory Council for the Stanford Graduate School of Business.
André F. Perold
Born in 1952. Trustee since December 2004. Principal occupation(s) during the past five years and other experience: George Gund Professor of Finance and Banking, Emeritus at the Harvard Business School (retired 2011). Chief investment officer and co-managing partner of HighVista Strategies (private investment firm). Member of the board of advisors and member of the investment committee of the Museum of Fine Arts Boston. Member of the board (2018–present) of RIT Capital Partners (investment firm). Member of the investment committee of Partners Health Care System.
Sarah Bloom Raskin
Born in 1961. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: deputy secretary (2014–2017) of the United States Department of the Treasury. Governor (2010–2014) of the Federal Reserve Board. Commissioner (2007–2010) of financial regulation for the State of Maryland. Member of the board of directors (2012–2014) of Neighborhood Reinvestment Corporation. Director (2017–present) of i(x) Investments, LLC; director (2017–present) of Reserve Trust. Rubenstein Fellow (2017–present) of Duke University; trustee (2017–present) of Amherst College, and trustee (2019–present) of the Folger Shakespeare Library.
Peter F. Volanakis
Born in 1955. Trustee since July 2009. Principal occupation(s) during the past five years and other experience: president and chief operating officer (retired 2010) of Corning Incorporated (communications equipment) and director of Corning Incorporated (2000–2010) and Dow Corning (2001–2010). Director (2012) of SPX Corporation (multi-industry manufacturing). Overseer of the Amos Tuck School of Business Administration, Dartmouth College (2001–2013). Chairman of the board of trustees of Colby-Sawyer College. Member of the board of Hypertherm Inc. (industrial cutting systems, software, and consumables).
Executive Officers
John Bendl
Born in 1970. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Chief financial officer (2019–present) of each of the investment companies served by Vanguard. Chief accounting officer, treasurer, and controller of Vanguard (2017–present). Partner (2003–2016) at KPMG (audit, tax, and advisory services).
Christine M. Buchanan
Born in 1970. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Treasurer (2017–present) of each of the investment companies served by Vanguard. Partner (2005–2017) at KPMG (audit, tax, and advisory services).
David Cermak
Born in 1960. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Finance director (2019–present) of each of the investment companies served by Vanguard. Managing director and head (2017–present) of Vanguard Investments Singapore. Managing director and head (2017–2019) of Vanguard Investments Hong Kong. Representative director and head (2014–2017) of Vanguard Investments Japan.
John Galloway
Born in 1973. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Investment stewardship officer (September 2020–present) of each of the investment companies served by Vanguard. Head of Investor Advocacy (February 2020–present) and head of Marketing Strategy and Planning (2017–2020) at Vanguard. Deputy assistant to the President of the United States (2015).
Thomas J. Higgins
Born in 1957. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Finance director (2019–present), chief financial officer (2008–2019), and treasurer (1998–2008) of each of the investment companies served by Vanguard.
Peter Mahoney
Born in 1974. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Controller (2015–present) of each of the investment companies served by Vanguard. Head of International Fund Services (2008–2014) at Vanguard.
Anne E. Robinson
Born in 1970. Principal occupation(s) during the past five years and other experience: general counsel (2016–present) of Vanguard. Secretary (2016–present) of Vanguard and of each of the investment companies served by Vanguard. Managing director (2016–present) of Vanguard. Managing director and general counsel of Global Cards and Consumer Services (2014–2016) at Citigroup. Counsel (2003–2014) at American Express.
Michael Rollings
Born in 1963. Principal occupation(s) during the past five years and other experience: finance director (2017–present) and treasurer (2017) of each of the investment companies served by Vanguard. Managing director (2016–present) of Vanguard. Chief financial officer (2016–present) of Vanguard. Director (2016–present) of Vanguard Marketing Corporation. Executive vice president and chief financial officer (2006–2016) of MassMutual Financial Group.
John E. Schadl
Born in 1972. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Chief compliance officer (2019–present) of Vanguard and of each of the investment companies served by Vanguard. Assistant vice president (2019–present) of Vanguard Marketing Corporation.
Vanguard Senior Management Team
Joseph Brennan James M. Norris
Mortimer J. Buckley Thomas M. Rampulla
Gregory Davis Karin A. Risi
John James Anne E. Robinson
John T. Marcante Michael Rollings
Chris D. McIsaac Lauren Valente
Connect with Vanguard®>vanguard.com
Fund Information > 800-662-7447
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Institutional Investor Services > 800-523-1036
Text Telephone for People Who Are Deaf or Hard of Hearing > 800-749-7273
This material may be used in conjunction with the offering of shares of any Vanguard fund only if preceded or accompanied by the fund’s current prospectus.
All comparative mutual fund data are from Morningstar, Inc., unless otherwise noted.
You can obtain a free copy of Vanguard’s proxy voting guidelines by visiting vanguard.com/proxyreporting or by calling Vanguard at 800-662-2739. The guidelines are also available from the SEC’s website, www.sec.gov. In addition, you may obtain a free report on how your fund voted the proxies for securities it owned during the 12 months ended June 30. To get the report, visit either vanguard.com/proxyreporting or www.sec.gov.
You can review information about your fund on the SEC’s website, and you can receive copies of this information, for a fee, by sending a request via email addressed to publicinfo@sec.gov.
CFA® is a registered trademark owned by CFA Institute.
© 2021 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
Q750 012021

 

 

Item 2: Code of Ethics. The Registrant has adopted a code of ethics that applies to the Registrant’s principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions. The Code of Ethics was amended during the reporting period covered by this report to make certain technical, non-material changes.

 

Item 3: Audit Committee Financial Expert. All members of the Audit Committee have been determined by the Registrant’s Board of Trustees to be Audit Committee Financial Experts and to be independent: F. Joseph Loughrey, Mark Loughridge, Sarah Bloom Raskin, and Peter F. Volanakis.

 

Item 4: Principal Accountant Fees and Services.

 

(a)       Audit Fees.

 

Audit Fees of the Registrant.

 

Fiscal Year Ended November 30, 2020: $92,000
Fiscal Year Ended November 30, 2019: $96,000

 

Aggregate Audit Fees of Registered Investment Companies in the Vanguard Group.

 

Fiscal Year Ended November 30, 2020: $10,761,407
Fiscal Year Ended November 30, 2019: $9,568,215

 

Includes fees billed in connection with audits of the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.

 

(b)        Audit-Related Fees.

 

Fiscal Year Ended November 30, 2020: $2,915,863
Fiscal Year Ended November 30, 2019: $3,012,031

 

Includes fees billed in connection with assurance and related services provided to the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.

 

(c)       Tax Fees.

 

Fiscal Year Ended November 30, 2020: $247,168
Fiscal Year Ended November 30, 2019: $357,238

 

Includes fees billed in connection with tax compliance, planning, and advice services provided to the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.

 

(d)       All Other Fees.

 

Fiscal Year Ended November 30, 2020: $115,000
Fiscal Year Ended November 30, 2019: $0

 

Includes fees billed for services related to tax reported information provided to the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.

 

 

 

 

(e)           (1) Pre-Approval Policies. The policy of the Registrant’s Audit Committee is to consider, and, if appropriate, approve before the principal accountant is engaged for such services, all specific audit and non-audit services provided to: the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and entities controlled by The Vanguard Group, Inc. that provide ongoing services to the Registrant. In making a determination, the Audit Committee considers whether the services are consistent with maintaining the principal accountant’s independence.

 

In the event of a contingency situation in which the principal accountant is needed to provide services in between scheduled Audit Committee meetings, the Chairman of the Audit Committee would be called on to consider and, if appropriate, pre-approve audit or permitted non-audit services in an amount sufficient to complete services through the next Audit Committee meeting, and to determine if such services would be consistent with maintaining the accountant’s independence. At the next scheduled Audit Committee meeting, services and fees would be presented to the Audit Committee for formal consideration, and, if appropriate, approval by the entire Audit Committee. The Audit Committee would again consider whether such services and fees are consistent with maintaining the principal accountant’s independence.

 

The Registrant’s Audit Committee is informed at least annually of all audit and non-audit services provided by the principal accountant to the Vanguard complex, whether such services are provided to: the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., or other entities controlled by The Vanguard Group, Inc. that provide ongoing services to the Registrant.

 

(2) No percentage of the principal accountant’s fees or services were approved pursuant to the waiver provision of paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

 

(f)            For the most recent fiscal year, over 50% of the hours worked under the principal accountant’s engagement were not performed by persons other than full-time, permanent employees of the principal accountant.

 

(g)           Aggregate Non-Audit Fees.

 

Fiscal Year Ended November 30, 2020: $362,168
Fiscal Year Ended November 30, 2019: $357,238

 

Includes fees billed for non-audit services provided to the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.

 

(h)           For the most recent fiscal year, the Audit Committee has determined that the provision of all non-audit services was consistent with maintaining the principal accountant’s independence.

 

 

 

 

Item 5: Audit Committee of Listed Registrants.

 

The Registrant is a listed issuer as defined in rule 10A-3 under the Securities Exchange Act of 1934 (“Exchange Act”). The Registrant has a separately-designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Exchange Act. The Registrant’s audit committee members are: F. Joseph Loughrey, Mark Loughridge, Sarah Bloom Raskin, and Peter F. Volanakis.

 

Item 6: Investments.

 

Not applicable.

 

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

 

Not applicable.

 

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

 

Not applicable.

 

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

 

Not applicable.

 

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

 

Not applicable.

 

Item 11: Controls and Procedures.

 

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

 

(b) Internal Control Over Financial Reporting. In July 2020, a third-party service provider began performing certain administrative and accounting services for Vanguard California Municipal Money Market Fund, Vanguard California Intermediate-Term Tax-Exempt Fund, and Vanguard California Long-Term Tax-Exempt Fund. There were no other significant changes in the Registrant’s Internal Control Over Financial Reporting or in other factors that could significantly affect this control subsequent to the date of the evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

 

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

 

Not applicable.

 

 

 

 

Item 13: Exhibits.

 

(a)Code of Ethics.
(b)Certifications.

 

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

 

  Vanguard California Tax-Free Funds  
     
BY: /s/ MORTIMER J. BUCKLEY*  
  MORTIMER J. BUCKLEY  
  CHIEF EXECUTIVE OFFICER  

 

Date: January 20, 2021

 

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

 

  Vanguard California Tax-Free Funds  
     
BY: /s/ MORTIMER J. BUCKLEY*  
  MORTIMER J. BUCKLEY  
  CHIEF EXECUTIVE OFFICER  
     
Date: January 20, 2021  
     
  Vanguard California Tax-Free Funds  
     
BY: /s/ JOHN BENDL*  
  JOHN BENDL  
  CHIEF FINANCIAL OFFICER  
     
Date: January 20, 2021  

 

* By: /s/ Anne E. Robinson  

 

Anne E. Robinson, pursuant to a Power of Attorney  filed on December 18, 2020 (see File Number 33-64845), Incorporated by Reference.