|
Principal
Amount ($)
|
|
Value ($)
|
|
|
Municipal Investments 99.9%
|
|
California 84.7%
|
|
California, ABAG Finance Authority for Non-Profit Corporations, Multi-Family Housing Revenue, Colma Bart Apartments, Series A, AMT, 0.06% *, 11/15/2035, LOC: Fannie Mae
|
|
3,000,000
|
|
3,000,000
|
|
California, Austin Trust, Various States, Series 2008-1065, 144A, 0.19% *, 3/1/2033, LIQ: Bank of America NA
|
|
1,000,000
|
|
1,000,000
|
|
California, Bay Area Toll Authority, Toll Bridge Revenue, San Francisco Bay Area:
|
|
|
|
|
|
|
|
Series E-1, 0.04% *, 4/1/2045, LOC: Bank of Tokyo-Mitsubishi UFJ
|
|
1,000,000
|
|
1,000,000
|
|
|
Series C-1, 0.05% *, 4/1/2045, LOC: Union Bank NA
|
|
1,805,000
|
|
1,805,000
|
|
California, BB&T Municipal Trust, Series 2023, 144A, 0.08% *, 2/1/2024, INS: NATL, LIQ: Branch Banking & Trust, LOC: Branch Banking & Trust
|
|
1,585,000
|
|
1,585,000
|
|
California, BB&T Municipal Trust, Public Financing Authority, Series 2011, 144A, 0.1% *, 9/1/2022, LIQ: Branch Banking & Trust, LOC: Branch Banking & Trust
|
|
7,320,000
|
|
7,320,000
|
|
California, Clipper Tax-Exempt Certificate Trust, Series 2009-66, 144A, 0.06% *, 5/15/2030, LIQ: State Street Bank & Trust Co.
|
|
4,250,000
|
|
4,250,000
|
|
California, Nuveen Dividend Advantage Municipal Fund, Series 1-1362, 144A, AMT, 0.22% *, 6/1/2041, LIQ: Morgan Stanley Bank
|
|
5,000,000
|
|
5,000,000
|
|
California, Nuveen Dividend Advantage Municipal Fund 2, 144A, AMT, 0.16% *, 8/3/2043, LIQ: Royal Bank of Canada
|
|
5,000,000
|
|
5,000,000
|
|
California, Nuveen Dividend Advantage Municipal Fund 3, Series 1-1600, 144A, AMT, 0.15% *, 9/1/2043, LIQ: Barclays Bank PLC
|
|
1,200,000
|
|
1,200,000
|
|
California, RBC Municipal Products, Inc. Trust, Series E-24, 144A, 0.05% **, 8/1/2014, LIQ: Royal Bank of Canada, LOC: Royal Bank of Canada
|
|
1,200,000
|
|
1,200,000
|
|
California, State Department of Water Resources, Supply Revenue, Series M, 5.0%, 5/1/2014
|
|
600,000
|
|
609,450
|
|
California, State General Obligation:
|
|
|
|
|
|
|
|
Series 2178, 144A, 0.09% *, 12/1/2037, GTY: Wells Fargo & Co., LIQ: Wells Fargo & Co.
|
|
1,200,000
|
|
1,200,000
|
|
|
Prerefunded 2/1/2014 @ 100, 5.125%, 2/1/2027
|
|
900,000
|
|
903,703
|
|
|
Prerefunded 4/1/2014 @ 100, 5.3%, 4/1/2029
|
|
4,630,000
|
|
4,688,453
|
|
California, State Health Facilities Financing Authority Revenue, Catholic Healthcare West, Series B, 0.04% *, 3/1/2047, LOC: Bank of Montreal
|
|
5,000,000
|
|
5,000,000
|
|
California, State Health Facilities Financing Authority Revenue, Children's Hospital, Series D, 0.05% *, 11/1/2034, GTY: Children's Healthcare of California, LOC: U.S. Bank NA
|
|
2,800,000
|
|
2,800,000
|
|
California, State Health Facilities Financing Authority Revenue, Scripps Health, Series F, 144A, 0.03% *, 10/1/2031, LOC: Northern Trust Co.
|
|
2,200,000
|
|
2,200,000
|
|
California, State Health Facilities Financing Authority Revenue, St. Joseph Health Systems:
|
|
|
|
|
|
|
|
Series A, 0.04% *, 7/1/2041, LOC: Union Bank NA
|
|
2,500,000
|
|
2,500,000
|
|
|
Series D, 0.05% *, 7/1/2041, LOC: Wells Fargo Bank NA
|
|
1,000,000
|
|
1,000,000
|
|
California, State Infrastructure & Economic Development Bank Revenue, Pacific Gas & Electric Co., Series A, 0.02% *, 11/1/2026, LOC: Mizuho Corporate Bank
|
|
3,500,000
|
|
3,500,000
|
|
California, State Pollution Control Financing Authority, Solid Waste Disposal Revenue, Recology, Inc. Project, Series A, 0.07% *, 4/1/2020, LOC: Bank of America NA
|
|
4,495,000
|
|
4,495,000
|
|
California, State Revenue Anticipation Notes, Series A-2, 2.0%, 6/23/2014
|
|
3,000,000
|
|
3,025,116
|
|
California, State University Revenue, Series A, Prerefunded 5/1/2014 @ 100, 4.75%, 11/1/2024, INS: AGMC
|
|
2,070,000
|
|
2,100,907
|
|
California, Statewide Communities Development Authority, Multi-Family Housing Revenue, Series R-13104CE, 144A, 0.56% *, 9/6/2035, GTY: Citibank NA, LIQ: Citibank NA
|
|
8,395,000
|
|
8,395,000
|
|
California, Wells Fargo Stage Trust, Series 94C, 144A, AMT, 0.13% *, 5/1/2030, GTY: Wells Fargo Bank NA, LIQ: Wells Fargo Bank NA
|
|
4,000,000
|
|
4,000,000
|
|
California, West Hills Community College District, 0.03% *, 7/1/2033, LOC: Union Bank of California
|
|
2,000,000
|
|
2,000,000
|
|
Los Angeles County, CA, General Obligation, Series A, 2.0%, 2/28/2014
|
|
3,000,000
|
|
3,008,718
|
|
Orange County, CA, Water District, Certificates of Participation, Series A, 0.05% *, 8/1/2042, LOC: Citibank NA
|
|
2,400,000
|
|
2,400,000
|
|
Otay, CA, Water District Certificates of Participation, Capital Projects, 0.04% *, 9/1/2026, LOC: Union Bank NA
|
|
1,400,000
|
|
1,400,000
|
|
Rancho, CA, Water District Financing Authority Revenue, Series B, 0.03% *, 8/15/2031, LOC: U.S. Bank NA
|
|
3,500,000
|
|
3,500,000
|
|
San Francisco City & County, CA, Airports Commission, Series 36A, 0.04% *, 5/1/2026, LOC: U.S. Bank NA
|
|
3,500,000
|
|
3,500,000
|
|
San Jose, CA, Redevelopment Agency, TECP, 0.15%, 5/16/2014, LOC: JPMorgan Chase Bank NA
|
|
5,000,000
|
|
5,000,000
|
|
|
|
99,586,347
|
|
Puerto Rico 15.2%
|
|
Puerto Rico, Industrial Tourist Educational, Medical & Environmental Control Facilities, Bristol-Myers Squibb Project, AMT, 0.25% *, 12/1/2030
|
|
7,800,000
|
|
7,800,000
|
|
Puerto Rico, RBC Municipal Products, Inc. Trust, Series E-46, 144A, 0.14% **, 9/1/2015, LIQ: Royal Bank of Canada, LOC: Royal Bank of Canada
|
|
5,650,000
|
|
5,650,000
|
|
Puerto Rico, RIB Floater Trust, Series 8WE, 144A, 0.11% *, 9/30/2014, LOC: Barclays Bank PLC
|
|
4,350,000
|
|
4,350,000
|
|
|
|
17,800,000
|
|
|
|
|
|
|
|
% of
Net Assets
|
|
Value ($)
|
|
|
Total Investment Portfolio
(Cost $117,386,347) †
|
99.9
|
|
117,386,347
|
|
Other Assets and Liabilities, Net
|
0.1
|
|
154,543
|
|
|
Net Assets
|
100.0
|
|
117,540,890
|
|