<SEC-DOCUMENT>0000891804-13-000961.txt : 20130730
<SEC-HEADER>0000891804-13-000961.hdr.sgml : 20130730
<ACCEPTANCE-DATETIME>20130730135358
ACCESSION NUMBER:		0000891804-13-000961
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130531
FILED AS OF DATE:		20130730
DATE AS OF CHANGE:		20130730
EFFECTIVENESS DATE:		20130730

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NUVEEN CALIFORNIA AMT-FREE MUNICIPAL INCOME FUND
		CENTRAL INDEX KEY:			0001195738
		IRS NUMBER:				030487017
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21212
		FILM NUMBER:		13995246

	BUSINESS ADDRESS:	
		STREET 1:		333 WEST WACKER DR.
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3129178146

	MAIL ADDRESS:	
		STREET 1:		333 WEST WACKER DR.
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NUVEEN INSURED CALIFORNIA TAX FREE ADVANTAGE MUNICIPAL FUND
		DATE OF NAME CHANGE:	20021003
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>nq2.htm
<DESCRIPTION>NKX
<TEXT>
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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">UNITED STATES</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">SECURITIES AND EXCHANGE COMMISSION</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Washington, DC 20549</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">FORM N-Q</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Investment Company Act file number <font style="TEXT-DECORATION: underline; DISPLAY: inline">811-21212</font></font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline"><font style="TEXT-DECORATION: underline; DISPLAY: inline">Nuveen California AMT-Free Municipal Income Fund</font></font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">(Exact name of registrant as specified in charter)</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">Nuveen Investments</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">Kevin J. McCarthy</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Date of reporting period:&#160;<font style="TEXT-DECORATION: underline; DISPLAY: inline">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;5/31/13&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (&#167;&#167; 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. &#167; 3507.</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; DISPLAY: inline">Amount (000)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
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<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
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<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12/18 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">BB&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">$&#160;&#160; &#160;1,331,964</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Angeles County Securitization Corporation, Series 2006A, 5.600%, 6/01/36</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Series 2007A-1:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12,785</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.750%, 6/01/47</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">B</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12,042,192</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.125%, 6/01/47</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">B</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8,349,740</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">14,630</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">B</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">13,724,549</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Series 2007A-2, 5.300%, 6/01/37</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">38,265</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Total Consumer Staples</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">35,448,445</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; DISPLAY: inline">Education and Civic Organizations &#8211; 0.9% (0.6% of Total Investments)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,600</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Municipal Finance Authority, Revenue Bonds, Goodwill Industries of Sacramento</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,737,424</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Valley &amp; Northern Nevada Project, Series 2012A, 6.875%, 1/01/42</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California State University, Systemwide Revenue Bonds, Series 2005A, 5.000%, 11/01/25 &#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,249,270</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California State University, Systemwide Revenue Bonds, Series 2005C, 5.000%, 11/01/27 &#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,086,270</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,600</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Total Education and Civic Organizations</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6,072,964</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; DISPLAY: inline">Health Care &#8211; 17.9% (11.9% of Total Investments)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">ABAG Finance Authority for Non-Profit Corporations, California, Cal-Mortgage Insured Revenue</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,017,850</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Sansum-Santa Barbara Medical Foundation Clinic, Series 2002A, 5.600%, 4/01/26</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,630</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Health Facilities Financing Authority, Revenue Bonds, Childrens Hospital Los</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/20 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,723,122</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Angeles, Series 2010A, 5.250%, 7/01/38 &#8211; AGC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Health Facilities Financing Authority, Revenue Bonds, City of Hope National Medical</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Center, Series 2012A:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 11/15/35</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,127,150</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,625</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 11/15/39</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,802,499</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Health Facilities Financing Authority, Revenue Bonds, Memorial Health Services,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,256,560</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2012A, 5.000%, 10/01/33</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Statewide Communities Development Authority, Revenue Bonds, Cottage Health System</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11/20 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,178,740</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
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</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Obligated Group, Series 2010, 5.000%, 11/01/40</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Statewide Communities Development Authority, Revenue Bonds, ValleyCare Health</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">985,150</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">System, Series 2007A, 5.125%, 7/15/31</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Statewide Community Development Authority, Insured Health Facility Revenue Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,420,080</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Catholic Healthcare West, Series 2008K, 5.500%, 7/01/41 &#8211; AGC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Statewide Community Development Authority, Revenue Bonds, Childrens Hospital of Los</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Angeles, Series 2007:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,565</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 8/15/39 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,733,585</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 8/15/47</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">BBB+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6,724,770</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">BBB&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,045,810</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Health System, Series 2005A, 5.250%, 7/01/30</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">20,120</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanante System,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3/16 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">21,485,134</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2006, 5.000%, 3/01/41</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,729,140</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2007A, 4.750%, 4/01/33</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,020</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3/16 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,360,607</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2006, 5.000%, 3/01/41 &#8211; BHAC Insured (UB)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,060</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Statewide Community Development Authority, Revenue Bonds, Sherman Oaks Health</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A1</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,449,760</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">System, Series 1998A, 5.000%, 8/01/22 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,555</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Statewide Community Development Authority, Revenue Bonds, St. Joseph Health System,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/18 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8,657,954</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2007A, 5.750%, 7/01/47 &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Statewide Community Development Authority, Revenue Bonds, Sutter Health, Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10,711,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2007C, 5.000%, 8/15/38 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,735</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Statewide Community Development Authority, Revenue Bonds, Trinity Health, Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12/21 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,020,616</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2011, 5.000%, 12/01/41</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,543</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Statewide Communities Development Authority, Revenue Bonds, Saint Joseph Health</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/18 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6,009,844</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">System, Trust 2554, 18.368%, 7/01/47 &#8211; AGM Insured (IF)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11/19 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Baa3</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,789,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
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</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6.750%, 11/01/39</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6.000%, 11/01/30</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11/20 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Baa3</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,651,905</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,145</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6.000%, 11/01/41</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11/20 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Baa3</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,233,909</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,400</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Rancho Mirage Joint Powers Financing Authority, California, Revenue Bonds, Eisenhower Medical</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Baa2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,434,824</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Center, Series 2007A, 5.000%, 7/01/47</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,670</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Santa Clara County Financing Authority, California, Insured Revenue Bonds, El Camino Hospital,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8,369,044</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2007A, 5.750%, 2/01/41 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">650</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">University of California, Hospital Revenue Bonds, UCLA Medical Center, Series 2004A, 5.500%,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">651,924</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5/15/18 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">104,718</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Total Health Care</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">113,570,477</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; DISPLAY: inline">Housing/Multifamily &#8211; 0.7% (0.5% of Total Investments)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,285</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Independent Cities Finance Authority, California, Mobile Home Park Revenue Bonds, Rancho</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4/23 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">BBB</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,377,637</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Vallecitos Mobile Home Park, Series 2013, 5.000%, 4/15/38</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,165</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Poway, California, Housing Revenue Bonds, Revenue Bonds, Poinsettia Mobile Home Park, Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5/14 at 101.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,189,558</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2003, 5.000%, 5/01/23</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,450</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Total Housing/Multifamily</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,567,195</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; DISPLAY: inline">Long-Term Care &#8211; 1.2% (0.8% of Total Investments)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">ABAG Finance Authority for Non-Profit Corporations, California, Cal-Mortgage Insured Revenue</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5/20 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,380,790</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Channing House, Series 2010, 6.125%, 5/15/40</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,575</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Health Facilities Financing Authority, Insured Revenue Bonds, California-Nevada</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/16 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,655,908</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Methodist Homes, Series 2006, 5.000%, 7/01/36</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,250</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Health Facilities Financing Authority, Insured Revenue Bonds, Community Program for</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2/21 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,718,540</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Persons with Developmental Disabilities, Series 2011A, 6.250%, 2/01/26</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6,825</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Total Long-Term Care</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,755,238</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; DISPLAY: inline">Tax Obligation/General &#8211; 29.8% (19.8% of Total Investments)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Alhambra Unified School District, Los Angeles County, California, General Obligation Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa3</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,406,800</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Refunding Series 2012A, 5.000%, 8/01/29 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,425</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bassett Unified School District, Los Angeles County, California, General Obligation Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/16 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,568,498</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2006B, 5.250%, 8/01/30 &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California State, General Obligation Bonds, Various Purpose Refunding Series 2012,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A1</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,274,710</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 9/01/42</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California State, General Obligation Bonds, Various Purpose Series 2010, 6.000%, 3/01/33</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3/20 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A1</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,340,460</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California State, General Obligation Bonds, Various Purpose Series 2011, 5.250%, 9/01/25</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/21 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A1</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,186,740</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California State, General Obligation Bonds, Various Purpose Series 2012, 5.000%, 4/01/42</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A1</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9,248,935</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California State, General Obligation Bonds, Various Purpose Series 2013, 5.000%, 4/01/37</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4/23 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A1</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,775,525</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">20,750</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Coachella Valley Unified School District, Riverside County, California, General Obligation</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,366,630</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Election 2005 Series 2010C, 0.000%, 8/01/43 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,575</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Coast Community College District, Orange County, California, General Obligation Bonds, Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/18 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa1</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8,126,990</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2006C, 0.000%, 8/01/31 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Corona-Norco Unified School District, Riverside County, California, General Obligation Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/18 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,831,725</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Election 2006 Series 2009B, 5.375%, 2/01/34 &#8211; AGC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">East Side Union High School District, Santa Clara County, California, General Obligation</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, 2008 Election Series 2010B:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,490</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 8/01/27 &#8211; AGC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/19 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,880,845</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,545</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 8/01/28 &#8211; AGC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/19 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,917,154</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,110</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 8/01/29 &#8211; AGC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/19 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,414,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">East Side Union High School District, Santa Clara County, California, General Obligation</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/13 at 47.75</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,653,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Series 2005, 0.000%, 8/01/28 &#8211; SYNCORA GTY Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">230</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">El Monte Union High School District, Los Angeles County, California, General Obligation Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">230,725</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2003A, 5.000%, 6/01/28 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,100</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Fontana Unified School District, San Bernardino County, California, General Obligation Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9,069,114</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Trust 2668, 9.629%, 2/01/16 &#8211; AGM Insured (IF)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Grossmont Healthcare District, California, General Obligation Bonds, Series 2007A, 5.000%,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,393,550</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/15/37 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,255</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Los Angeles Community College District, Los Angeles County, California, General Obligation</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa1</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,370,786</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Series 2005A, 5.000%, 8/01/24 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,270</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Merced City School District, Merced County, California, General Obligation Bonds, Series 2004,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,278,877</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 8/01/22 &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Mount Diablo Unified School District, Contra Costa County, California, General Obligation</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/25 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,216,600</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Series 2010A, 0.000%, 8/01/30 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Murrieta Valley Unified School District, Riverside County, California, General Obligation</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,127,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Series 2007, 4.500%, 9/01/30 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">13,880</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">New Haven Unified School District, Alameda County, California, General Obligation Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa3</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,274,647</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2004A, 0.000%, 8/01/26 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Oakland Unified School District, Alameda County, California, General Obligation Bonds, Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,509,050</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2002, 5.250%, 8/01/21 &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">16,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Poway Unified School District, San Diego County, California, School Facilities Improvement</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,030,880</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">District 2007-1 General Obligation Bonds, Series 2011A, 0.000%, 8/01/46</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Sacramento City Unified School District, Sacramento County, California, General Obligation</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A1</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,896,330</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Series 2005, 5.000%, 7/01/27 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,125</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Diego Unified School District, San Diego County, California, General Obligation Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">906,120</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Election of 1998, Series 1999A, 0.000%, 7/01/21 &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11,980</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Diego Unified School District, San Diego County, California, General Obligation Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,352,784</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Refunding Series 2012 R-1, 0.000%, 7/01/31</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Francisco Bay Area Rapid Transit District, California, General Obligation Bonds, Election</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AAA</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11,237,400</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">of 2004 Series 2007B, 5.000%, 8/01/32</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Francisco Community College District, California, General Obligation Bonds, Series 2002A,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A1</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,007,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 6/15/26 &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Jacinto Unified School District, Riverside County, California, General Obligation Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,604,550</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2007, 5.250%, 8/01/32 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Juan Capistano, California, General Obligation Bonds, Open Space Program, Tender Option</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AAA</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,208,720</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bond Trust 3646, 17.950%, 8/01/17 (IF)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Ysidro School District, San Diego County, California, General Obligation Bonds, 1997</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Election Series 2011F:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,230</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">0.000%, 8/01/42 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/21 at 21.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,065,557</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10,450</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">0.000%, 8/01/43 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/21 at 19.43</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,422,768</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">21,225</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">0.000%, 8/01/44 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/21 at 17.98</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,669,893</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12,550</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">0.000%, 8/01/45 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/21 at 16.64</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,458,185</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">23,425</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">0.000%, 8/01/46 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/21 at 15.39</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,515,611</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">14,915</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Southwestern Community College District, San Diego County, California, General Obligation</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,801,983</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Election of 2008, Series 2011C, 0.000%, 8/01/41</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Stockton Unified School District, San Joaquin County, California, General Obligation Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Election 2008 Series 2011D:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">24,280</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">0.000%, 8/01/47 &#8211; AGC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/37 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11,852,768</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">38,845</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">0.000%, 8/01/50 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/37 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">19,041,819</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">15,780</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Sylvan Union School District, Stanislaus County, California, General Obligation Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6,293,064</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Election of 2006, Series 2010, 0.000%, 8/01/49 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,905</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">West Kern Community College District, California, General Obligation Bonds, Election 2004,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,122,196</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2007C, 5.000%, 10/01/32 &#8211; SYNCORA GTY Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12,520</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Yosemite Community College District, California, General Obligation Bonds, Capital</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,290,076</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Appreciation, Election 2004, Series 2010D, 0.000%, 8/01/42</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">353,360</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Total Tax Obligation/General</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">189,241,565</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; DISPLAY: inline">Tax Obligation/Limited &#8211; 55.0% (36.4% of Total Investments)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Anaheim Public Finance Authority, California, Subordinate Lease Revenue Bonds, Public</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Improvement Project, Series 1997C:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,130</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">0.000%, 9/01/18 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,541,333</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">0.000%, 9/01/21 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6,084,560</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,235</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Antioch Public Financing Authority, California, Lease Revenue Refunding Bonds, Municipal</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,236,967</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Facilities Project, Refunding Series 2002A, 5.500%, 1/01/32 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Baldwin Park Public Financing Authority, California, Sales Tax and Tax Allocation Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/13 at 102.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
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</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,045,100</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Puente Merced Redevelopment Project, Series 2003, 5.250%, 8/01/21</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Beaumont Financing Authority, California, Local Agency Revenue Bonds, Improvement Area 17A,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2013B:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,740</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 9/01/28</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/23 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,851,882</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,075</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 9/01/34</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/23 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,171,446</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">655</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Beaumont Financing Authority, California, Local Agency Revenue Bonds, Improvement Area 19C,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/23 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">683,250</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2013A, 5.000%, 9/01/27</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,895</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Brea and Olinda Unified School District, Orange County, California, Certificates of</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,923,422</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Participation Refunding, Series 2002A, 5.125%, 8/01/26 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,165</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Burbank Public Financing Authority, California, Revenue Refunding Bonds, Golden State</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,187,892</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Redevelopment Project, Series 2003A, 5.250%, 12/01/22 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,200</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Infrastructure and Economic Development Bank, Los Angeles County, Revenue Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/13 at 101.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,242,240</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Department of Public Social Services, Series 2003, 5.000%, 9/01/28 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Infrastructure and Economic Development Bank, Revenue Bonds, North County Center</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">for Self-Sufficiency Corporation, Series 2004:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,215</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 12/01/19 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,242,933</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,535</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 12/01/20 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,570,044</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,615</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 12/01/21 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,651,870</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,780</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 12/01/23 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,820,637</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,725</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California State Public Works Board, Lease Revenue Bonds, Department of Corrections &amp;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1/16 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,118,621</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Rehabilitation, Series 2005J, 5.000%, 1/01/17 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California State Public Works Board, Lease Revenue Bonds, Department of Education, Riverside</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Campus Project, Series 2012H:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,790</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 4/01/30</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,073,185</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,065</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 4/01/31</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,264,789</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California State Public Works Board, Lease Revenue Bonds, Department of General Services,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,010,840</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Capital East End Project, Series 2002A, 5.000%, 12/01/27 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,100</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California State Public Works Board, Lease Revenue Bonds, Department of Health Services,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
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</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,264,455</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Richmond Lab, Series 2005B, 5.000%, 11/01/30 &#8211; SYNCORA GTY Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,990</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California State Public Works Board, Lease Revenue Bonds, Judicial Council of California,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,178,692</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Various Projects Series 2013A, 5.000%, 3/01/33</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/19 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,598,920</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2009G-1, 5.750%, 10/01/30</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,204,260</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2012G, 5.000%, 11/01/31</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,210</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Capistrano Unified School District, Orange County, California, Special Tax Bonds, Community</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,244,642</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Facilities District, Series 2005, 5.000%, 9/01/24 &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,520</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Chino Redevelopment Agency, California, Merged Chino Redevelopment Project Area Tax Allocation</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/16 at 101.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,526,980</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Series 2006, 5.000%, 9/01/38 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10,190</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Chula Vista Public Financing Authority, California, Pooled Community Facility District</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10,295,874</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Assessment Revenue Bonds, Series 2005A, 4.500%, 9/01/27 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,430</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Cloverdale Community Development Agency, California, Tax Allocation Bonds, Cloverdale</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/16 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,436,750</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Redevelopment Project, Refunding Series 2006, 5.000%, 8/01/36 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Compton Community Redevelopment Agency, California, Tax Allocation Revenue Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Redevelopment Projects, Second Lien Series 2010B:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,230</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 8/01/25</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/20 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,231,378</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">530</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.750%, 8/01/26</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/20 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">552,361</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,900</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Corona-Norco Unified School District, Riverside County, California, Special Tax Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,904,218</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Community Facilities District 98-1, Series 2002, 5.100%, 9/01/25 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,035</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Corona-Norco Unified School District, Riverside County, California, Special Tax Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,044,286</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Community Facilities District 98-1, Series 2003, 5.000%, 9/01/28 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,145</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Culver City Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,146,604</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Project, Series 2002A, 5.125%, 11/01/25 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,905</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Dinuba Redevelopment Agency, California, Tax Allocation Bonds, Merged City of Dinuba</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,906,924</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Redevelopment Project and Dinuba Redevelopment Project 2, As Amended, Refunding</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2001, 5.000%, 9/01/31 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">El Monte, California, Senior Lien Certificates of Participation, Department of Public Services</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Facility Phase II, Series 2001:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10,730</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 1/01/21 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10,747,490</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.250%, 1/01/34 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,002,200</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Escondido Joint Powers Financing Authority, California, Lease Revenue Bonds, Water System</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,257,550</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Financing, Series 2012, 5.000%, 9/01/41</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8,280</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Fontana Public Financing Authority, California, Tax Allocation Revenue Bonds, North Fontana</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8,413,308</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Redevelopment Project, Series 2005A, 5.000%, 10/01/32 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Fullerton Community Facilities District 1, California, Special Tax Bonds, Amerige Heights,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,066,660</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Refunding Series 2012, 5.000%, 9/01/32</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/23 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,106,520</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Asset-Backed Bonds, Series 2013A, 5.000%, 6/01/30</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Asset-Backed Revenue Bonds, Series 2005A:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,250</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 6/01/35 &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,580,455</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,750</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 6/01/45 &#8211; AGC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,820,385</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11,065</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 6/01/45 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11,486,023</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 6/01/45 &#8211; AGC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,801,650</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">20,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">21,608,800</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Asset-Backed Revenue Bonds, Tender Option Bonds Trust 4686, 9.039%, 6/01/45 &#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AGC Insured (IF) (4)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,228,300</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Revenue Bonds, Tender Option Bonds Trust 2040, 10.655%, 6/01/45 &#8211; FGIC Insured (IF)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,315</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Hesperia Public Financing Authority, California, Redevelopment and Housing Projects Tax</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Ba1</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,128,067</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Allocation Bonds, Series 2007A, 5.000%, 9/01/37 &#8211; SYNCORA GTY Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,700</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Hesperia Unified School District, San Bernardino County, California, Certificates of</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,736,108</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Participation, Capital Improvement, Series 2007, 5.000%, 2/01/41 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">435</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Indian Wells Redevelopment Agency, California, Tax Allocation Bonds, Consolidated Whitewater</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">BBB&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">436,492</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Project Area, Series 2003A, 5.000%, 9/01/20 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,115</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Inglewood Redevelopment Agency, California, Tax Allocation Bonds, Merged Redevelopment</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,360,805</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Project, Refunding Series 1998A, 5.250%, 5/01/23 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Inglewood Redevelopment Agency, California, Tax Allocation Bonds, Merged Redevelopment</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Project, Subordinate Lien Series 2007A-1:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,665</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 5/01/24 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">BB+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,708,357</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">710</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 5/01/25 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">BB+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">725,918</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Jurupa Community Services District, California, Special Tax Bonds, Community Facilities</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">District 39 Eastvale Area, Series 2012A:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 9/01/37</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,030,760</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.125%, 9/01/42</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,061,780</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">La Quinta Redevelopment Agency, California, Tax Allocation Bonds, Redevelopment Project</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,508,610</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Area 1, Series 2001, 5.100%, 9/01/31 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,400</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">La Quinta Redevelopment Agency, California, Tax Allocation Bonds, Redevelopment Project</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
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<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,474,392</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
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</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Area 1, Series 2002, 5.000%, 9/01/22 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
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<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">La Quinta Redevelopment Agency, California, Tax Allocation Refunding Bonds, Redevelopment</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
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<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,017,150</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Project Area 1, Series 1998, 5.200%, 9/01/28 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Lancaster Redevelopment Agency, California, Tax Allocation Bonds, Combined Redevelopment</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Project Areas Housing Programs, Subordinate Refunding Series 2003:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,505</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4.750%, 8/01/23 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/15 at 102.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,565,696</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,425</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4.750%, 8/01/27 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/15 at 102.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,457,786</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,690</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Los Angeles Community Redevelopment Agency, California, Lease Revenue Bonds, Manchester</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A1</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,844,759</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Social Services Project, Series 2005, 5.000%, 9/01/37 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,895</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Los Angeles Community Redevelopment Agency, California, Tax Allocation Bonds, Bunker Hill</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,011,524</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Project, Series 2004A, 5.000%, 12/01/20 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Los Angeles Municipal Improvement Corporation, California, Lease Revenue Bonds, Police</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6,218,640</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Headquarters, Series 2006A, 4.750%, 1/01/31 &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,460</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Los Angeles, California, Certificates of Participation, Municipal Improvement Corporation,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,483,424</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2003AW, 5.000%, 6/01/33 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Los Osos, California, Improvement Bonds, Community Services Wastewater Assessment District 1,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,500,735</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2002, 5.000%, 9/02/33 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9,270</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Moreno Valley Community Redevelopment Agency, California, Tax Allocation Bonds, Series 2007A,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9,323,024</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 8/01/38 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">800</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Moreno Valley Unified School District, Riverside County, California, Special Tax Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">810,960</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Community Facilities District 2003-1, Series 2004, 5.550%, 9/01/29</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,810</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Oakland Joint Powers Financing Authority, California, Lease Revenue Bonds, Administration</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/18 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,191,486</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Building Projects, Series 2008B, 5.000%, 8/01/21 &#8211; AGC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,300</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Pacifica, California, Certificates of Participation, Series 2008, 5.375%, 1/01/37 &#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1/16 at 102.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,481,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Palm Desert Financing Authority, California, Tax Allocation Revenue Refunding Bonds, Project</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/13 at 101.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,027,250</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Area 1, Series 2002, 5.000%, 4/01/25 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Palm Springs Financing Authority, California, Lease Revenue Bonds, Convention Center Project,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11/14 at 102.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,038,560</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Refunding Series 2004A, 5.500%, 11/01/35 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,140</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Plumas County, California, Certificates of Participation, Capital Improvement Program, Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,182,808</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2003A, 5.000%, 6/01/28 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">390</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Poway Redevelopment Agency, California, Tax Allocation Refunding Bonds, Paguay Redevelopment</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">390,273</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Project, Series 2000, 5.750%, 6/15/33 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,745</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/26 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,885,523</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2009A, 0.000%, 8/01/32</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Rancho Cucamonga Redevelopment Agency, California, Tax Allocation Bonds, Housing Set-Aside,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,141,680</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Rancho Project, Series 2007A, 5.000%, 9/01/34 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,045</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Rialto Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,048,772</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2005A, 5.000%, 9/01/35 &#8211; SYNCORA GTY Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Riverside County Public Financing Authority, California, Tax Allocation Bonds, Multiple</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">BBB</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,936,580</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Projects, Series 2005A, 5.000%, 10/01/35 &#8211; SYNCORA GTY Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Riverside County, California, Community Facilities District 05-8, Scott Road, Special Tax</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds Series 2013:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">660</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 9/01/32</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">675,662</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,250</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 9/01/42</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,257,263</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Rocklin Unified School District, Placer County, California, Special Tax Bonds, Community</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,008,900</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Facilities District 1, Series 2004, 5.000%, 9/01/25 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Roseville Finance Authority, California, Special Tax Revenue Bonds, Series 2007A, 5.000%,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,036,400</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/01/33 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,305</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Roseville, California, Certificates of Participation, Public Facilities, Series 2003A, 5.000%,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,312,739</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/01/25 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,910</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Bernardino Joint Powers Financing Authority, California, Certificates of Participation</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,770,452</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Refunding, Police Station Financing Project, Series 1999, 5.500%, 9/01/20 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,930</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Diego Redevelopment Agency, California, Subordinate Lien Tax Increment and Parking Revenue</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,933,993</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Centre City Project, Series 2003B, 5.250%, 9/01/26</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">620</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Diego, California, Community Facilities District 3 Liberty Station Special Tax Refunding</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/23 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">656,685</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds Series 2013, 5.000%, 9/01/36</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">380</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Francisco, California, Community Facilities District 6, Mission Bay South Public</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">415,614</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Improvements, Special Tax Refunding Bonds, Series 2013A, 5.000%, 8/01/33</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,150</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Jacinto Unified School District, Riverside County, California, Certificates of</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/20 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,534,499</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Participation, Series 2010, 5.375%, 9/01/40 &#8211; AGC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Jose Financing Authority, California, Lease Revenue Refunding Bonds, Convention Center</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,015,680</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Project, Series 2001F, 5.000%, 9/01/19 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Project, Series 2005A:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,310</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 8/01/20 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,478,413</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,025</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 8/01/28 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,151,128</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">835</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">861,854</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Project, Series 2006C, 5.000%, 8/01/25 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">BBB</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">922,890</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Project, Series 2007B, 4.250%, 8/01/36 &#8211; SYNCORA GTY Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Marcos Public Facilities Authority, California, Special Tax Revenue Bonds, Refunding</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2012D:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">930</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 9/01/32</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">991,622</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 9/01/36</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,046,670</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Santa Clara Redevelopment Agency, California, Tax Allocation Bonds, Bayshore North Project,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,070,470</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 1999A, 5.500%, 6/01/23 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Santa Clarita, California, Special Tax Bonds, Community Facilities District 2002-1 Valencia</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Town Center, Refunding Series 2012:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,110</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 11/15/29</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,193,938</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,895</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 11/15/32</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,164,261</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Stockton Public Financing Authority, California, Lease Revenue Bonds, Series 2004, 5.250%,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,361,190</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/01/34 &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Sweetwater Union High School District Public Financing Authority, California, Special Tax</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Revenue Bonds, Series 2005A:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,565</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 9/01/25 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,798,365</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,510</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 9/01/28 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,706,983</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,160</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Temecula Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,193,070</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Project 1, Series 2002, 5.125%, 8/01/27 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">800</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Tustin Community Redevelopment Agency, California, MCAS Project Area Tax Allocation Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/18 at 102.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">834,256</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2010, 5.000%, 9/01/35</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Tustin Community Redevelopment Agency, California, Tax Allocation Housing Bonds Series 2010:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,205</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 9/01/30 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/20 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,310,546</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,250</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.250%, 9/01/39 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/20 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,547,083</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,020</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Washington Unified School District, Yolo County, California, Certificates of Participation,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/17 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,072,581</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2007, 5.125%, 8/01/37 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,670</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Woodland Finance Authority, California, Lease Revenue Bonds, Series 2002, 5.000%, 3/01/32 &#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,723,827</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">SYNCORA GTY Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,805</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Yucaipa-Calimesa Joint Unified School District, San Bernardino County, California,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,809,684</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Certificates of Participation, Refunding Series 2001A, 5.000%, 10/01/31 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">341,190</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Total Tax Obligation/Limited</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">348,962,833</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; DISPLAY: inline">Transportation &#8211; 3.7% (2.4% of Total Investments)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">BBB&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,999,820</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1995A, 5.000%, 1/01/35</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Refunding</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Series 1999:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">0.000%, 1/15/18 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/13 at 77.82</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,025,475</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.875%, 1/15/29</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1/14 at 101.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">BBB&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,648,125</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5/20 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,219,580</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Airport, Senior Lien Series 2010A, 5.000%, 5/15/40</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Orange County Transportation Authority, California, Toll Road Revenue Bonds, 91 Express Lanes</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A1</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,032,800</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Project, Series 2003A, 5.000%, 8/15/18 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,400</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Diego Unified Port District, California, Revenue Bonds, Series 2004B, 5.000%, 9/01/29 &#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,510,568</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">24,400</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Total Transportation</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">23,436,368</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; DISPLAY: inline">U.S. Guaranteed &#8211; 12.1% (8.0% of Total Investments) (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonita Unified School District, San Diego County, California, General Obligation Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2004A:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,890</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.250%, 8/01/23 (Pre-refunded 8/01/14) &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,000,017</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,250</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.250%, 8/01/25 (Pre-refunded 8/01/14) &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,322,763</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,815</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,842,700</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Children&#8217;s Hospital, Series 2003C, 5.000%, 8/15/20 (Pre-refunded 8/15/13) &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,250</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Infrastructure and Economic Development Bank, First Lien Revenue Bonds, San</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1/28 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aaa</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,925,788</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Francisco Bay Area Toll Bridge, Series 2003A, 5.000%, 7/01/36 (Pre-refunded 1/01/28) &#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California State, General Obligation Bonds, Series 2003:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">830</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 2/01/21 (Pre-refunded 8/01/13)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aaa</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">836,615</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">70</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 2/01/21 (Pre-refunded 8/01/13)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aaa</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">70,558</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California State, General Obligation Bonds, Series 2004, 5.250%, 4/01/34 (Pre-refunded 4/01/14)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AAA</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">520,990</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,275</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Central Unified School District, Fresno County, California, General Obligation Bonds, Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,292,021</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1993, 5.625%, 3/01/18 &#8211; AMBAC Insured (ETM)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">El Segundo Unified School District, Los Angeles County, California, General Obligation Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2004:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,580</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.250%, 9/01/21 (Pre-refunded 9/01/14) &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211; (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,740,708</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,775</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.250%, 9/01/22 (Pre-refunded 9/01/14) &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211; (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,885,565</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Huntington Park Redevelopment Agency, California, Single Family Residential Mortgage Revenue</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aaa</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8,565,780</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Refunding Bonds, Series 1986A, 8.000%, 12/01/19 (ETM)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,180</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Jurupa Unified School District, Riverside County, California, General Obligation Bonds, Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211; (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,189,405</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2004, 5.000%, 8/01/21 (Pre-refunded 8/01/13) &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">275</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211; (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">276,095</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2003A-2, 5.000%, 7/01/21 (Pre-refunded 7/01/13) &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Los Rios Community College District, Sacramento, El Dorado and Yolo Counties, California,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">General Obligation Bonds, Series 2006C:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,110</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 8/01/21 (Pre-refunded 8/01/14) &#8211; AGM Insured (UB)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/14 at 102.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa2 (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,268,756</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,250</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 8/01/22 (Pre-refunded 8/01/14) &#8211; AGM Insured (UB)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/14 at 102.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa2 (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,494,530</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,395</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 8/01/23 (Pre-refunded 8/01/14) &#8211; AGM Insured (UB)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/14 at 102.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa2 (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,650,440</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 8/01/25 (Pre-refunded 8/01/14) &#8211; AGM Insured (UB)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/14 at 102.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa2 (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,075,240</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,710</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Manteca Financing Authority, California, Sewerage Revenue Bonds, Series 2003B, 5.000%,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa3 (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,750,955</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12/01/33 (Pre-refunded 12/01/13) &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Murrieta Valley Unified School District, Riverside County, California, General Obligation</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A+ (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,011,970</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Series 2003A, 5.000%, 9/01/26 (Pre-refunded 9/01/13) &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">21,185</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Orange County Sanitation District, California, Certificates of Participation, Series 2003,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AAA</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">21,355,963</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 2/01/33 (Pre-refunded 8/01/13) &#8211; FGIC Insured (UB) (4)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,640</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Rancho Mirage Joint Powers Financing Authority, California, Revenue Bonds, Eisenhower Medical</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Baa2 (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,922,437</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Center, Series 2004, 5.875%, 7/01/26 (Pre-refunded 7/01/14)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">980</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Roseville Joint Union High School District, Placer County, California, General Obligation</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,077,481</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Series 2006B, 5.000%, 8/01/27 (Pre-refunded 8/01/15) &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,520</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Buenaventura, California, Water Revenue Certificates of Participation, Series 2004,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,615,091</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 10/01/25 (Pre-refunded 10/01/14) &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Semitropic Water Storage District, Kern County, California, Water Banking Revenue Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2004A:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,315</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.500%, 12/01/20 (Pre-refunded 12/01/14) &#8211; SYNCORA GTY Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A+ (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,417,083</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,415</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.500%, 12/01/21 (Pre-refunded 12/01/14) &#8211; SYNCORA GTY Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A+ (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,524,846</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">875</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">West Basin Municipal Water District, California, Revenue Certificates of Participation, Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Aa2 (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">881,956</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2003A, 5.000%, 8/01/30 (Pre-refunded 8/01/13) &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Yorba Linda Water District, California, Certificates of Participation, Highland Reservoir</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Renovation, Series 2003:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,010</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 10/01/28 (Pre-refunded 10/01/13) &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA+ (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,042,100</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,530</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 10/01/33 (Pre-refunded 10/01/13) &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA+ (5)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,570,404</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">71,625</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Total U.S. Guaranteed</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">77,128,257</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; DISPLAY: inline">Utilities &#8211; 2.7% (1.8% of Total Investments)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Anaheim Public Finance Authority, California, Second Lien Electric Distribution Revenue Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,059,650</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2004, 5.250%, 10/01/21 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2007A:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,490</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 11/15/35</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,809,193</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">945</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.500%, 11/15/37</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,141,418</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,280</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/23 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,977,469</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2013B, 5.000%, 7/01/29 (WI/DD, Settling 6/04/13)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,155</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Merced Irrigation District, California, Electric System Revenue Bonds, Series 2005, 5.125%,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,208,401</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/01/31 &#8211; SYNCORA GTY Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">100</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Sacramento City Financing Authority, California, Capital Improvement Revenue Bonds, Solid</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">100,190</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Waste and Redevelopment Projects, Series 1999, 5.800%, 12/01/19 &#8211; AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Southern California Public Power Authority, California, Milford Wind Corridor Phase I Revenue</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1/20 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,573,440</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bonds, Series 2010-1, 5.000%, 7/01/28</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">14,970</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Total Utilities</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">16,869,761</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; DISPLAY: inline">Water and Sewer &#8211; 21.4% (14.1% of Total Investments)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">13,200</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Atwater Public Financing Authority, California, Wastewater Revenue Bonds, Series 2010, 5.125%,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5/19 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">13,547,952</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5/01/40 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Bay Area Water Supply and Conservation Agency, California, Revenue Bonds, Capital Cost</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4/23 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,572,320</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Recovery Prepayment Program, Series 2013A, 5.000%, 10/01/34</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,200</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Baa3</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7,428,816</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Resources Channelside Desalination Project, Series 2012, 5.000%, 11/21/45</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Castaic Lake Water Agency, California, Certificates of Participation, Series 2006C, 5.000%,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/16 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,078,220</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">8/01/36 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,230</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">El Dorado Irrigation District, California, Water and Sewer Certificates of Participation,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">A+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,338,980</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2004A, 5.000%, 3/01/21 &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,250</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Fortuna Public Finance Authority, California, Water Revenue Bonds, Series 2006, 5.000%,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/16 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,326,185</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/01/36 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,480</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Healdsburg Public Financing Authority, California, Wastewater Revenue Bonds, Series 2006,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4/16 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,594,700</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 4/01/36 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Indio Water Authority, California, Water Revenue Bonds, Series 2006, 5.000%, 4/01/31 &#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4/16 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">A</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,405,650</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AMBAC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">12,230</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Los Angeles County Sanitation Districts Financing Authority, California, Capital Projects</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/15 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">13,092,460</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Revenue Bonds, District 14, Series 2005, 5.000%, 10/01/34 &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Los Angeles County Sanitation Districts Financing Authority, California, Senior Revenue Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Capital Projects, Series 2003A:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,700</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 10/01/21 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2,741,958</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 10/01/23 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/13 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,569,480</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">16,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2012A,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">7/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">17,780,800</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 7/01/43</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5,615</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Los Angeles, California, Wastewater System Revenue Bonds, Subordinate Lien, Refunding Series</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/23 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6,399,303</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2013A, 5.000%, 6/01/34</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,320</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Marina Coast Water District, California, Enterprise Certificate of Participation, Series 2006,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">6/16 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,426,498</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 6/01/31 &#8211; NPFG Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,500</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Placerville Public Financing Authority, California, Wastewater System Refinancing and</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9/16 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">N/R</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,505,685</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Improvement Project Revenue Bonds, Series 2006, 5.000%, 9/01/34 &#8211; SYNCORA GTY Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Diego County Water Authority, California, Water Revenue Certificates of Participation,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5/18 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">9,909,450</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2008A, 5.000%, 5/01/38 &#8211; AGM Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,675</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Dieguito Water District, California, Water Revenue Bonds, Refunding Series 2004, 5.000%,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA+</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,886,864</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10/01/23 &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Francisco City and County Public Utilities Commission, California, Water Revenue Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">No Opt. Call</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">4,663,840</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2011A, 5.000%, 11/01/28</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">San Francisco City and County Public Utilities Commission, California, Water Revenue Bonds,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Series 2012A:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">10,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 11/01/43</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">11,055,400</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">15,000</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 11/01/43 (UB)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5/22 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AA&#8211;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">16,583,100</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Santa Clara Valley Water District, California, Certificates of Participation, Series 2004A:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,400</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 2/01/19 &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AAA</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">1,443,316</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">445</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 2/01/20 &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AAA</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">458,706</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">465</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 9pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">5.000%, 2/01/21 &#8211; FGIC Insured</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">2/14 at 100.00</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">AAA</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">479,257</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">125,210</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Total Water and Sewer</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">135,288,940</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">$&#160;&#160;&#160; 1,090,613</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Total Investments (cost $893,480,123) &#8211; 151.0%</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">958,342,043</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Floating Rate Obligations &#8211; (5.6)%</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">(35,375,000)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Variable Rate Demand Preferred Shares, at Liquidation Value &#8211; (45.9)% (6)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">(291,600,000)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Other Assets Less Liabilities &#8211; 0.5%</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">3,450,887</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="9%" style="PADDING-BOTTOM: 4px"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="60%" style="BORDER-BOTTOM: black 4px double">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Net Assets Applicable to Common Shares &#8211; 100%</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">$ 634,817,930</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr></table>
</div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"><br>
&#160;</div>

<div id="PGBRK" style="MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>
</div>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; DISPLAY: inline">Fair Value Measurements</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; DISPLAY: inline">Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity&#8217;s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; DISPLAY: inline">Level 1 &#8211; Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; DISPLAY: inline">Level 2 &#8211; Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; DISPLAY: inline">Level 3 &#8211; Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of investments).</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; DISPLAY: inline">The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: 'arial narrow'; FONT-SIZE: 10pt; FONT-FAMILY: 'arial narrow'">
<tr>
<td align="left" valign="bottom" width="40%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="right" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; DISPLAY: inline">Level 1</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; DISPLAY: inline">Level 2</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; DISPLAY: inline">Level 3</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold; DISPLAY: inline">Total</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td valign="bottom" width="40%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Long-Term Investments:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="15%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="15%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="15%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="15%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="40%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Municipal Bonds</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="15%" style="BORDER-BOTTOM: black 4px double">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">$ &#8212;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="15%" style="BORDER-BOTTOM: black 4px double">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">$958,342,043</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="15%" style="BORDER-BOTTOM: black 4px double">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">$ &#8212;</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="15%" style="BORDER-BOTTOM: black 4px double">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">$958,342,043</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr></table>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; DISPLAY: inline">&#160;</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; DISPLAY: inline">Income Tax Information</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; DISPLAY: inline">The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; DISPLAY: inline">As of May 31, 2013, the cost of investments was $857,224,439.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; DISPLAY: inline">Gross unrealized appreciation and gross unrealized depreciation of investments as of May 31, 2013, were as follows:</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: 'arial narrow'; FONT-SIZE: 10pt; FONT-FAMILY: 'arial narrow'">
<tr>
<td valign="middle" width="90%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td valign="middle" width="54%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="90%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Gross unrealized:</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="54%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="90%" style="TEXT-ALIGN: left; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Appreciation</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="54%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">$68,710,564</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td valign="bottom" width="90%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Depreciation</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="54%" style="BORDER-BOTTOM: black 2px solid">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">(2,965,421)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="90%" style="BORDER-BOTTOM: black 4px double">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Net unrealized appreciation (depreciation) of investments</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="right" valign="bottom" width="54%" style="BORDER-BOTTOM: black 4px double">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">$65,745,143</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr></table>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; DISPLAY: inline">&#160;</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: 'arial narrow'; FONT-SIZE: 10pt; FONT-FAMILY: 'arial narrow'">
<tr>
<td valign="middle" width="7%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td valign="middle" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td valign="middle" width="90%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="7%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">(1)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="90%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">All percentages shown in the Portfolio of Investments are based on net assets applicable to Common</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="7%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="90%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">shares unless otherwise noted.</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="7%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">(2)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="90%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="7%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="90%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="7%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="90%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">may be subject to periodic principal paydowns.</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="7%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">(3)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
<td align="left" valign="bottom" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="90%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Ratings: Using the highest of Standard &amp; Poor&#8217;s Group ("Standard &amp; Poor's"), Moody&#8217;s Investors Service,</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="7%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="90%">
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<td align="left" valign="bottom" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
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<td align="left" valign="bottom" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
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<td align="left" valign="bottom" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
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<td align="left" valign="bottom" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
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<td align="left" valign="bottom" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
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<td align="left" valign="bottom" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">such securities.</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">(6)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
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<td align="left" valign="bottom" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Not rated.</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">(IF)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
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<td align="left" valign="bottom" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="90%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">Inverse floating rate investment.</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"><font style="FONT-SIZE: 10pt; DISPLAY: inline">(UB)</font><font style="FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></font></div>
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<td align="left" valign="bottom" width="3%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline">&#160;</font></td>
<td align="left" valign="bottom" width="90%">
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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">Item 2. Controls and Procedures.</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">a.&#160;&#160;</font></div>
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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">b.&#160;&#160;</font></div>
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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">Item 3. Exhibits.</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">SIGNATURES</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">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.</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">(Registrant)&#160;<font style="TEXT-DECORATION: underline; DISPLAY: inline">&#160;Nuveen California AMT-Free Municipal Income Fund&#160;</font></font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">By (Signature and Title) <font style="TEXT-DECORATION: underline; DISPLAY: inline">&#160;&#160;&#160;&#160;/s/&#160;Kevin J. McCarthy&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Kevin J. McCarthy</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Vice President and Secretary</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Date:&#160;<font style="TEXT-DECORATION: underline; DISPLAY: inline">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;July 30,&#160;2013&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">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.</font></div>

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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">By (Signature and Title) <font style="TEXT-DECORATION: underline; DISPLAY: inline">&#160;&#160; &#160;/s/ Gifford R. Zimmerman&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;</font></font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Gifford R. Zimmerman</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Chief Administrative Officer (principal executive officer)&#160;</font></div>

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<font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">By (Signature and Title) <font style="TEXT-DECORATION: underline; DISPLAY: inline">&#160;&#160;&#160; /s/ Stephen D. Foy&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;</font></font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Stephen D. Foy</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Vice President and Controller (principal financial officer)&#160;</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">CERTIFICATIONS</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I, Gifford R. Zimmerman, certify that:</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I have reviewed this report on Form N-Q of Nuveen California AMT-Free Municipal Income Fund;</font></div>
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<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: 'arial narrow'; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: 'arial narrow'">
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></div>
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<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: 'arial narrow'; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: 'arial narrow'">
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;</font></div>
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<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: 'arial narrow'; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: 'arial narrow'">
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</font></div>
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<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a.&#160;&#160;</font></div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></div>
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<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">b.&#160;&#160;</font></div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></div>
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<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">c.&#160;&#160;</font></div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and</font></div>
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<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">d.&#160;&#160;</font></div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):</font></div>
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<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a.&#160;&#160;</font></div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and</font></div>
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<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">b.&#160;&#160;</font></div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Date:&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160;&#160;July 30, 2013&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/ Gifford R. Zimmerman</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Gifford R. Zimmerman</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Chief Administrative Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(principal executive officer)</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">CERTIFICATIONS</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I, Stephen D. Foy, certify that:</font></div>

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<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: 'arial narrow'; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: 'arial narrow'">
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I have reviewed this report on Form N-Q of Nuveen California AMT-Free Municipal Income Fund;</font></div>
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<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: 'arial narrow'; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: 'arial narrow'">
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></div>
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<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: 'arial narrow'; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: 'arial narrow'">
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;</font></div>
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<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: 'arial narrow'; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: 'arial narrow'">
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</font></div>
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<div>
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<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a.&#160;&#160;</font></div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></div>
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<div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and</font></div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):</font></div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and</font></div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Date:&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160;&#160;&#160;July 30, 2013&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/ Stephen D. Foy</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Stephen D. Foy</font></div>

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