<SEC-DOCUMENT>0001193125-18-231109.txt : 20180730
<SEC-HEADER>0001193125-18-231109.hdr.sgml : 20180730
<ACCEPTANCE-DATETIME>20180730133034
ACCESSION NUMBER:		0001193125-18-231109
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180531
FILED AS OF DATE:		20180730
DATE AS OF CHANGE:		20180730
EFFECTIVENESS DATE:		20180730

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NUVEEN CALIFORNIA AMT-FREE QUALITY MUNICIPAL INCOME FUND
		CENTRAL INDEX KEY:			0001195738
		IRS NUMBER:				030487017
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21212
		FILM NUMBER:		18976978

	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 CALIFORNIA AMT-FREE MUNICIPAL INCOME FUND
		DATE OF NAME CHANGE:	20120515

	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>d534432dnq.htm
<DESCRIPTION>NUVEEN CALIFORNIA AMT-FREE QUALITY MUNICIPAL INCOME FUND
<TEXT>
<HTML><HEAD>
<TITLE>Nuveen California AMT-Free Quality Municipal Income Fund</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:3.00pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES SECURITIES AND
EXCHANGE COMMISSION </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, DC 20549 </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM N-Q </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>QUARTERLY
SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investment Company Act file number
<FONT STYLE="white-space:nowrap">811-21212</FONT> </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:20pt; font-family:Times New Roman" ALIGN="center"><B><U>Nuveen California AMT-Free Quality Municipal Income Fund </U> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Exact name of registrant as specified in charter) </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Nuveen Investments </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>&nbsp;&nbsp;&nbsp;&nbsp;333 West Wacker Drive, Chicago, Illinois 60606&nbsp;&nbsp;&nbsp;&nbsp;</U> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Address of principal executive offices) (Zip code) </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Gifford R. Zimmerman </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Vice President and Secretary </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>&nbsp;&nbsp;&nbsp;&nbsp;333 West Wacker Drive, Chicago, Illinois 60606&nbsp;&nbsp;&nbsp;&nbsp;</U> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Name and address of agent for service) </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Registrant&#146;s telephone number, including area code: <U>&nbsp;&nbsp;&nbsp;&nbsp;312-917-7700&nbsp;&nbsp;&nbsp;&nbsp;</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date of fiscal year end: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 28&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date of reporting period: May 31, 2018 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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 (&#147;OMB&#148;) 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. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:3.00pt solid #000000">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:3.00pt solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>Item&nbsp;1. Schedule of Investments </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:3.00pt solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER"> <DIV style="width:100%;"> <DIV style="width:100%;" type="Block">
<DIV style="color:#424242;font-family:Arial;font-size:33pt;font-style:Normal;font-weight:bold;line-height:36pt;text-align:left;text-decoration:none;text-transform:none;">NKX</DIV>
<DIV style="color:#424242;font-family:Arial;font-size:24pt;font-style:Normal;font-weight:bold;line-height:27pt;padding-left:13.89%;text-align:left;text-decoration:none;text-transform:none;">Nuveen California AMT-Free Quality Municipal Income
Fund</DIV> <DIV style="color:#424242;font-family:Arial;font-size:24pt;font-style:Normal;font-weight:bold;line-height:27pt;padding-left:13.89%;text-align:left;text-decoration:none;text-transform:none;">Portfolio of Investments<FONT
 style="font-size:18pt;line-height:21pt;">&nbsp;&nbsp;&nbsp;&nbsp;as of May 31, 2018</FONT></DIV>
<DIV style="color:#424242;font-family:Arial;font-size:18pt;font-style:Normal;font-weight:Normal;line-height:21pt;padding-left:13.89%;text-align:left;text-decoration:none;text-transform:none;">(Unaudited)</DIV> </DIV>
<DIV style="width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.81%;">Principal
 Amount (000) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:10pt;text-align:right;vertical-align:bottom;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:10pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:53.15%;">Description
 (1) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:10pt;text-align:left;vertical-align:bottom;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:12.59%;">Optional
 Call Provisions (2) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.46%;">Ratings
 (3) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-top:10pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.57%;">Value
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">LONG-TERM
 INVESTMENTS&#8201;&#8211;&#8201;159.5% (100.0% of Total Investments) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">MUNICIPAL
 BONDS&#8201;&#8211;&#8201;159.5% (100.0% of Total Investments) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Consumer
 Staples &#8201;&#8211;&#8201;7.9% (5.0% of Total Investments) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;width:9.81%;">$
<FONT style="padding-left:32.44pt;">475</FONT> </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Alameda County Tobacco Asset Securitization Corporation, Series 2002, 5.750%, 6/01/29 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Baa1
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:top; width:11.57%;">$<FONT
 style="padding-left:22.83pt;">479,878</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2006A: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">6,350
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.600%,
 6/01/36 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">12/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">B2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">6,416,992
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">325
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.650%,
 6/01/41 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">12/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">B2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">328,029
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,780
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.700%,
 6/01/46 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">12/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">B2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,799,988
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:40.22pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">25
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma County Tobacco Securitization Corporation, Series 2005, 4.250%, 6/01/21 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.61pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">25,063
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,805
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Statewide Financing Authority, Tobacco Settlement Asset-Backed Bonds, Pooled Tobacco Securitization Program, Series 2002A, 5.625%, 5/01/29 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Baa2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,806,877
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">16,380
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Golden
 State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Senior Convertible Series 2007A-2, 5.300%, 6/01/37 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">6/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">B3
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">16,859,934
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Golden
 State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2007A-1: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">5,280
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 6/01/33 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">B+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">5,306,400
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">13,560
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.125%,
 6/01/47 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">B-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">13,560,407
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Tobacco
 Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Series 2005A-1: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">8,450
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.375%,
 6/01/38 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">B-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">8,464,365
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:9.81%;">2,000
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:7pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">5.500%,
 6/01/45 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">B-
 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:11.57%;">2,002,680
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:26.61pt;padding-right:5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">57,430
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">Total
 Consumer Staples </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:22.99pt;padding-top:2pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">58,050,613
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Education
 and Civic Organizations&#8201;&#8211;&#8201;5.3% (3.3% of Total Investments) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,050
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">ABAG
 Finance Authority for Non-Profit Corporations, California, Revenue Bonds, The Jackson Laboratory, Series 2012, 5.000%, 7/01/37 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A1
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,142,578
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Educational Facilities Authority, Revenue Bonds, Pepperdine University, Series 2015, 5.000%, 9/01/40 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,421,320
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,600
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Educational Facilities Authority, Revenue Bonds, Santa Clara University, Series 2017C, 5.000%, 4/01/46 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">4/28
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aa3
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,228,704
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Educational Facilities Authority, Revenue Bonds, Stanford University, Refunding Series 2014U-6, 5.000%, 5/01/45 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AAA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,663,580
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;
width:9.81%;">4,475
 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none; text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">California
 Municipal Finance Authority Charter School Revenue Bonds, Albert Einstein Academies Project, Series 2013A, 7.125%, 8/01/43 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">BB-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,921,471
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="margin-top:50pt;width:100%;" type="Block">
<DIV style="color:#000000;font-family:Arial;font-size:7pt;font-style:Normal;font-weight:Normal;line-height:10pt;text-align:right;text-decoration:none;text-transform:none;">1</DIV> </DIV> </DIV> <DIV style="clear:both;font-size:12pt;height:0pt;">
</DIV> <HR style="margin-bottom:0pt;">
<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER"> <DIV style="width:100%;"> <DIV style="width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="color:#424242;font-family:Arial;font-size:13pt;font-style:Normal;font-weight:bold;line-height:16pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; white-space:nowrap;width:8.89%;">NKX
 </TD>
<TD style="color:#424242;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:bold;line-height:17pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:91.11%; ">Nuveen California AMT-Free
Quality Municipal Income Fund <FONT style="font-size:10pt;font-weight:Normal;line-height:13pt;">(continued)</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:8.89%;">&#160; </TD>
<TD style="color:#424242;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:bold;line-height:17pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:91.11%; ">Portfolio of
Investments&#8195;<FONT style="font-size:11pt;line-height:14pt;">as of May 31, 2018</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:8.89%;">&#160; </TD>
<TD style="color:#424242;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; white-space:nowrap;width:91.11%;">(Unaudited)
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="margin-top:9pt;width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.81%;">Principal
 Amount (000) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:10pt;text-align:right;vertical-align:bottom;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:10pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:53.15%;">Description
 (1) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:10pt;text-align:left;vertical-align:bottom;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:12.59%;">Optional
 Call Provisions (2) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.46%;">Ratings
 (3) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-top:10pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.57%;">Value
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Education
 and Civic Organizations <FONT style="font-weight:Normal;">(continued)</FONT> </TD>
<TD style="line-height:9pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;width:9.81%;">$
<FONT style="padding-left:26.61pt;">1,780</FONT> </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Municipal Finance Authority, Charter School Revenue Bonds, Rocketship Education Multiple Projects, Series 2014A, 7.250%, 6/01/43 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">6/22
 at 102.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:top; width:11.57%;">$<FONT
 style="padding-left:16.99pt;">2,036,801</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,600
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Municipal Finance Authority, Revenue Bonds, Goodwill Industries of Sacramento Valley &amp; Northern Nevada Project, Series 2012A, 6.875%, 1/01/42, 144A </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,723,024
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">7,875
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Municipal Finance Authority, Revenue Bonds, Pomona College, Series 2017, 5.000%, 1/01/48 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/28
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AAA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">9,335,655
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">635
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2015A, 5.000%, 7/01/45, 144A </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">687,597
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">750
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2016A, 5.000%, 7/01/46, 144A </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">813,585
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">4,925
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2016C, 5.000%, 7/01/46 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/25
 at 101.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">5,358,203
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">280
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 School Finance Authority, School Facility Revenue Bonds, Value Schools, Series 2016A, 5.750%, 7/01/41, 144A </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BB+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">302,092
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,725
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">California
 State University, Systemwide Revenue Bonds, Series 2016A, 4.000%, 11/01/38 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">5/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aa2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,824,412
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">185
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Statewide Communities Development Authority, Charter School Revenue Bonds, Rocketship 4 - Mosaic Elementary Charter School, Series 2011A, 8.500%, 12/01/41 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">12/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">215,286
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:9.81%;">300
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:7pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">California
 Statewide Communities Development Authority, School Facility Revenue Bonds, Alliance College-Ready Public Schools, Series 2011A, 7.000%, 7/01/46 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;width:12.59%;">7/21
 at 100.00 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">BBB-
 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:11.57%;">327,876
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:26.61pt;padding-right:5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">34,180
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">Total
 Education and Civic Organizations </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:22.99pt;padding-top:2pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">39,002,184
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Health
 Care&#8201;&#8211;&#8201;18.0% (11.3% of Total Investments) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">430
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2015A, 5.000%, 8/15/43 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">487,065
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2016B: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">13,295
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">4.000%,
 11/15/41 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">13,806,858
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">5,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 11/15/46 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">5,741,200
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">9,415
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2017A, 5.000%, 11/15/48 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">10,911,891
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,500
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2018A, 5.000%, 11/15/48 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,056,465
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Series 2016A: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">18,430
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 11/15/41 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">20,978,869
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">5,500
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 11/15/46 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">6,240,960
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,255
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, Revenue Bonds, Children's Hospital Los Angeles, Series 2012A, 5.000%, 11/15/29 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,373,522
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">875
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, Revenue Bonds, Children's Hospital Los Angeles, Series 2017A, 5.000%, 8/15/47 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">981,068
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, Revenue Bonds, City of Hope National Medical Center, Series 2012A, 5.000%, 11/15/35 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,112,610
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;
width:9.81%;">10,000
 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none; text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, Revenue Bonds, Kaiser Permanente System, Series 2017A-2, 4.000%, 11/01/44 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;
">10,438,400
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="width:100%;" type="Block"> </DIV> <DIV style="margin-top:34pt;width:100%;" type="Block">
<DIV style="color:#000000;font-family:Arial;font-size:7pt;font-style:italic;font-weight:Normal;line-height:10pt;text-align:left;text-decoration:none;text-transform:none;">2</DIV> </DIV> </DIV> <DIV style="clear:both;font-size:12pt;height:0pt;">
</DIV> <HR style="margin-bottom:0pt;">
<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER"> <DIV style="width:100%;"> <DIV style="width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.81%;">Principal
 Amount (000) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:10pt;text-align:right;vertical-align:bottom;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:10pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:53.15%;">Description
 (1) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:10pt;text-align:left;vertical-align:bottom;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:12.59%;">Optional
 Call Provisions (2) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.46%;">Ratings
 (3) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-top:10pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.57%;">Value
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Health
 Care <FONT style="font-weight:Normal;">(continued)</FONT> </TD>
<TD style="line-height:9pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;width:9.81%;">$
<FONT style="padding-left:26.61pt;">2,520</FONT> </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children's Hospital, Series 2014A, 5.000%, 8/15/43 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:top; width:11.57%;">$<FONT
 style="padding-left:16.99pt;">2,796,973</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, Revenue Bonds, Memorial Health Services, Series 2012A, 5.000%, 10/01/33 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">10/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,230,640
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,405
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, Revenue Bonds, Providence Health &amp; Services, Refunding Series 2014A, 5.000%, 10/01/38 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">10/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,602,206
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,800
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, Revenue Bonds, Providence Health &amp; Services, Series 2014B, 5.000%, 10/01/44 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">10/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,128,888
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">335
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, Revenue Bonds, Rady Children's Hospital - San Diego, Series 2011, 5.250%, 8/15/41 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">359,813
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">250
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Series 2017A, 5.000%, 7/01/42 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Baa2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">278,318
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,690
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A, 5.250%, 11/01/36 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,875,173
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,705
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Public Finance Authority, Revenue Bonds, Sharp HealthCare, Series 2017A, 4.000%, 8/01/47 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">2/28
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,830,970
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">5,200
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A, 5.250%, 12/01/44 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">12/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BB+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">5,645,744
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">14,740
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A, 5.250%, 12/01/56, 144A </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">6/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BB+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">15,989,657
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005A: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">780
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.750%,
 7/01/24 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">CCC
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">772,208
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">4,240
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.750%,
 7/01/30 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">CCC
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,197,600
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">105
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.750%,
 7/01/35 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">CCC
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">103,950
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">6,160
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Statewide Community Development Authority, Revenue Bonds, Sherman Oaks Health System, Series 1998A, 5.000%, 8/01/22 &#8201;&#8211;&#8201; AMBAC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">6,590,399
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Marysville,
 California, Revenue Bonds, Fremont-Rideout Health Group, Series 2011: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:40.22pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">25
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.250%,
 1/01/23 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.61pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">27,042
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:40.22pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">25
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">4.500%,
 1/01/26 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.61pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">26,271
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:40.22pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">75
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 1/01/29 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.61pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">80,345
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">275
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 1/01/30 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">294,599
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">525
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 1/01/31 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">562,417
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">810
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.125%,
 1/01/32 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">869,827
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,750
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.250%,
 1/01/42 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,032,788
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:9.81%;">850
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:7pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">San
 Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011, 7.500%, 12/01/41 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;width:12.59%;">12/21
 at 100.00 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">BB
 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:11.57%;">954,890
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:22.72pt;padding-right:5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">120,965
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">Total
 Health Care </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:19.11pt;padding-top:2pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">132,379,626
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Housing/Multifamily&#8201;&#8211;&#8201;0.8%
 (0.5% of Total Investments) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">155
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2012A, 5.500%, 8/15/47 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">167,881
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;
width:9.81%;">350
 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none; text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">California
 Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2012B, 7.250%, 8/15/47 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">A1
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">391,178
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="margin-top:36pt;width:100%;" type="Block">
<DIV style="color:#000000;font-family:Arial;font-size:7pt;font-style:italic;font-weight:Normal;line-height:10pt;text-align:right;text-decoration:none;text-transform:none;">3</DIV> </DIV> </DIV> <DIV style="clear:both;font-size:12pt;height:0pt;">
</DIV> <HR style="margin-bottom:0pt;">
<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER"> <DIV style="width:100%;"> <DIV style="width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="color:#424242;font-family:Arial;font-size:13pt;font-style:Normal;font-weight:bold;line-height:16pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; white-space:nowrap;width:8.89%;">NKX
 </TD>
<TD style="color:#424242;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:bold;line-height:17pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:91.11%; ">Nuveen California AMT-Free
Quality Municipal Income Fund <FONT style="font-size:10pt;font-weight:Normal;line-height:13pt;">(continued)</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:8.89%;">&#160; </TD>
<TD style="color:#424242;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:bold;line-height:17pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:91.11%; ">Portfolio of
Investments&#8195;<FONT style="font-size:11pt;line-height:14pt;">as of May 31, 2018</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:8.89%;">&#160; </TD>
<TD style="color:#424242;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; white-space:nowrap;width:91.11%;">(Unaudited)
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="margin-top:9pt;width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.81%;">Principal
 Amount (000) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:10pt;text-align:right;vertical-align:bottom;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:10pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:53.15%;">Description
 (1) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:10pt;text-align:left;vertical-align:bottom;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:12.59%;">Optional
 Call Provisions (2) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.46%;">Ratings
 (3) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-top:10pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.57%;">Value
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Housing/Multifamily
 <FONT style="font-weight:Normal;">(continued)</FONT> </TD>
<TD style="line-height:9pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Municipal Finance Authority, Mobile Home Park Senior Revenue Bonds, Caritas Affordable Housing, Inc. Projects, Series 2014A: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;width:9.81%;">$
<FONT style="padding-left:32.44pt;">260</FONT> </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.250%,
 8/15/39 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB+
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:top; width:11.57%;">$<FONT
 style="padding-left:22.83pt;">286,049</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">705
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.250%,
 8/15/49 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">770,699
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">140
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Public Finance Authority, University Housing Revenue Bonds, National Campus Community Development - Claremont Properties LLC Claremont Colleges Project, Series 2017A, 5.000%, 7/01/37, 144A </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Ba2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">150,784
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,285
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Independent
 Cities Finance Authority, California, Mobile Home Park Revenue Bonds, Rancho Vallecitos Mobile Home Park, Series 2013, 5.000%, 4/15/38 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">4/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,524,772
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">La
 Verne, California, Mobile Home Park Revenue Bonds, Copacabana Mobile Home Park, Refunding Series 2014: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">670
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 6/15/44 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">6/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">734,889
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:9.81%;">185
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:7pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">5.000%,
 6/15/49 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;width:12.59%;">6/24
 at 100.00 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:11.57%;">195,129
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">5,750
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">Total
 Housing/Multifamily </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:26.88pt;padding-top:2pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">6,221,381
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Long-Term
 Care&#8201;&#8211;&#8201;0.5% (0.3% of Total Investments) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,250
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, Insured Revenue Bonds, Community Program for Persons with Developmental Disabilities, Series 2011A, 6.250%, 2/01/26 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">2/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,495,678
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:9.81%;">1,300
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:7pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, Revenue Bonds, Northern California Presbyterian Homes &amp; Services Inc., Refunding Series 2015, 5.000%, 7/01/39 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;width:12.59%;">7/25
 at 100.00 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:11.57%;">1,456,689
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,550
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">Total
 Long-Term Care </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:26.88pt;padding-top:2pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,952,367
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Tax
 Obligation/General&#8201;&#8211;&#8201;28.7% (18.0% of Total Investments) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Alhambra
 Unified School District, Los Angeles County, California, General Obligation Bonds, Refunding Series 2012A, 5.000%, 8/01/29 &#8201;&#8211;&#8201; AGM Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aa2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,345,870
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">California
 State, General Obligation Bonds, Refunding Series 2011, 5.250%, 9/01/25 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,107,470
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,600
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 State, General Obligation Bonds, Refunding Various Purpose Series 2016, 5.000%, 8/01/33 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,887,040
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">California
 State, General Obligation Bonds, Various Purpose Series 2009: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,300
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.500%,
 11/01/39 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/19
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,369,368
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,350
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">6.000%,
 11/01/39 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/19
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,491,681
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">6,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 State, General Obligation Bonds, Various Purpose Series 2010, 6.000%, 3/01/33 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">3/20
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">6,442,860
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">California
 State, General Obligation Bonds, Various Purpose Series 2011: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 9/01/31 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,188,680
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">4,090
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 9/01/41 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,456,996
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,625
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 10/01/41 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">10/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,866,395
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">California
 State, General Obligation Bonds, Various Purpose Series 2013: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,500
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 4/01/37 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">4/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,913,840
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 2/01/43 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">2/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,223,160
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;
width:9.81%;">5,520
 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:53.15%;">5.000%,
 11/01/43 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">6,228,823
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="width:100%;" type="Block"> </DIV> <DIV style="margin-top:67pt;width:100%;" type="Block">
<DIV style="color:#000000;font-family:Arial;font-size:7pt;font-style:italic;font-weight:Normal;line-height:10pt;text-align:left;text-decoration:none;text-transform:none;">4</DIV> </DIV> </DIV> <DIV style="clear:both;font-size:12pt;height:0pt;">
</DIV> <HR style="margin-bottom:0pt;">
<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER"> <DIV style="width:100%;"> <DIV style="width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.81%;">Principal
 Amount (000) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:10pt;text-align:right;vertical-align:bottom;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:10pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:53.15%;">Description
 (1) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:10pt;text-align:left;vertical-align:bottom;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:12.59%;">Optional
 Call Provisions (2) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.46%;">Ratings
 (3) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-top:10pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.57%;">Value
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Tax
 Obligation/General <FONT style="font-weight:Normal;">(continued)</FONT> </TD>
<TD style="line-height:9pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">California
 State, General Obligation Bonds, Various Purpose Series 2014: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;width:9.81%;">$
<FONT style="padding-left:26.61pt;">2,460</FONT> </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 10/01/39 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">10/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:top; width:11.57%;">$<FONT
 style="padding-left:16.99pt;">2,816,110</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">9,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 12/01/43 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">12/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">10,172,520
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">9,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 10/01/44 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">10/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">10,274,490
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">California
 State, General Obligation Bonds, Various Purpose Series 2015: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">8,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 3/01/45 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">3/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">9,084,640
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 8/01/45 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,286,340
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">7,995
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 State, General Obligation Bonds, Various Purpose Series 2017, 5.000%, 8/01/46 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">9,257,011
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">5,390
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 State, General Obligation Bonds, Various Purpose Series 2018, 5.000%, 10/01/47 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">4/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">6,205,615
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">20,750
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Coachella
 Valley Unified School District, Riverside County, California, General Obligation Bonds, Election 2005 Series 2010C, 0.000%, 8/01/43 &#8201;&#8211;&#8201; AGM Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">7,548,642
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,065
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Lucia
 Mar Unified School District, San Luis Obispo County, California, General Obligation Bonds, Election 2016 Series 2017A, 4.000%, 8/01/46 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aa2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,223,369
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">4,500
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Mount
 Diablo Unified School District, Contra Costa County, California, General Obligation Bonds, Series 2010A, 0.000%, 8/01/30 &#8201;&#8211;&#8201; AGM Insured (4) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,282,515
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,125
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Diego Unified School District, San Diego County, California, General Obligation Bonds, Election of 1998, Series 1999A, 0.000%, 7/01/21 &#8201;&#8211;&#8201; FGIC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aa2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,057,894
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">11,980
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Diego Unified School District, San Diego County, California, General Obligation Bonds, Refunding Series 2012R-1, 0.000%, 7/01/31 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aa2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">7,819,106
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,670
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Mateo Union High School District, San Mateo County, California, General Obligation Bonds, Capital Appreciation, Election 2010, Refunding Series 2011A, 0.000%, 9/01/33 (4) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aaa
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,205,473
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,870
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Sanger
 Unified School District, Fresno County, California, General Obligation Bonds, Election 2012, Series 2014B, 5.000%, 8/01/39 &#8201;&#8211;&#8201; AGM Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,207,569
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">10,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Southwestern
 Community College District, San Diego County, California, General Obligation Bonds, Election of 2008, Series 2011C, 0.000%, 8/01/41 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aa2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,119,100
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Stockton
 Unified School District, San Joaquin County, California, General Obligation Bonds, Election 2008 Series 2011D: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">23,280
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">0.000%,
 8/01/47 &#8201;&#8211;&#8201; AGC Insured (4) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/37
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">21,252,079
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">38,845
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">0.000%,
 8/01/50 &#8201;&#8211;&#8201; AGM Insured (4) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/37
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">35,687,290
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">15,780
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Sylvan
 Union School District, Stanislaus County, California, General Obligation Bonds, Election of 2006, Series 2010, 0.000%, 8/01/49 &#8201;&#8211;&#8201; AGM Insured (4) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">12,020,573
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">5,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Walnut
 Valley Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2007 Measure S, Series 2014C, 5.000%, 8/01/39 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aa1
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">5,654,300
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,905
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">West
 Kern Community College District, California, General Obligation Bonds, Election 2004, Series 2007C, 5.000%, 10/01/32 &#8201;&#8211;&#8201; SYNCORA GTY Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,924,525
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">8,345
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Yosemite
 Community College District, California, General Obligation Bonds, Capital Appreciation, Election 2004, Series 2010D, 0.000%, 8/01/42 (4) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aa2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">5,974,269
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:9.81%;">4,000
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:7pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">Yosemite
 Community College District, California, General Obligation Bonds, Refunding Series 2015, 5.000%, 8/01/32 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;width:12.59%;">8/25
 at 100.00 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">Aa2
 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:11.57%;">4,671,560
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:22.72pt;padding-right:5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">234,945
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">Total
 Tax Obligation/General </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:19.11pt;padding-top:2pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">211,267,173
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="margin-top:49pt;width:100%;" type="Block">
<DIV style="color:#000000;font-family:Arial;font-size:7pt;font-style:italic;font-weight:Normal;line-height:10pt;text-align:right;text-decoration:none;text-transform:none;">5</DIV> </DIV> </DIV> <DIV style="clear:both;font-size:12pt;height:0pt;">
</DIV> <HR style="margin-bottom:0pt;">
<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER"> <DIV style="width:100%;"> <DIV style="width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="color:#424242;font-family:Arial;font-size:13pt;font-style:Normal;font-weight:bold;line-height:16pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; white-space:nowrap;width:8.89%;">NKX
 </TD>
<TD style="color:#424242;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:bold;line-height:17pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:91.11%; ">Nuveen California AMT-Free
Quality Municipal Income Fund <FONT style="font-size:10pt;font-weight:Normal;line-height:13pt;">(continued)</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:8.89%;">&#160; </TD>
<TD style="color:#424242;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:bold;line-height:17pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:91.11%; ">Portfolio of
Investments&#8195;<FONT style="font-size:11pt;line-height:14pt;">as of May 31, 2018</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:8.89%;">&#160; </TD>
<TD style="color:#424242;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; white-space:nowrap;width:91.11%;">(Unaudited)
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="margin-top:9pt;width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.81%;">Principal
 Amount (000) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:10pt;text-align:right;vertical-align:bottom;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:10pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:53.15%;">Description
 (1) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:10pt;text-align:left;vertical-align:bottom;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:12.59%;">Optional
 Call Provisions (2) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.46%;">Ratings
 (3) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-top:10pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.57%;">Value
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Tax
 Obligation/Limited&#8201;&#8211;&#8201;36.7% (23.0% of Total Investments) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;width:9.81%;">$
<FONT style="padding-left:32.44pt;">655</FONT> </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Beaumont
 Financing Authority, California, Local Agency Revenue Bonds, Improvement Area 19C, Series 2013A, 5.000%, 9/01/27 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:top; width:11.57%;">$<FONT
 style="padding-left:22.83pt;">717,074</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Bell
 Community Redevelopment Agency, California, Tax Allocation Bonds, Bell Project Area, Series 2003, 5.625%, 10/01/33 &#8201;&#8211;&#8201; RAAI Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,003,160
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">7,895
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Brea
 and Olinda Unified School District, Orange County, California, Certificates of Participation Refunding, Series 2002A, 5.125%, 8/01/26 &#8201;&#8211;&#8201; AGM Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">7,917,501
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Infrastructure and Economic Development Bank, Infrastructure State Revolving Fund Revenue Bonds, Series 2016A, 5.000%, 10/01/41 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">10/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AAA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,523,470
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Infrastructure and Economic Development Bank, Revenue Bonds, North County Center for Self-Sufficiency Corporation, Series 2004: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,215
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 12/01/19 &#8201;&#8211;&#8201; AMBAC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,218,256
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,535
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 12/01/20 &#8201;&#8211;&#8201; AMBAC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,539,098
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,615
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 12/01/21 &#8201;&#8211;&#8201; AMBAC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,619,264
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,695
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 12/01/22 &#8201;&#8211;&#8201; AMBAC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,699,458
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,780
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 12/01/23 &#8201;&#8211;&#8201; AMBAC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,784,664
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,865
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 12/01/24 &#8201;&#8211;&#8201; AMBAC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,869,868
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">7,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 State Public Works Board, Lease Revenue Bonds, Department of Corrections &amp; Rehabilitation, Various Correctional Facilities Series 2013F, 5.250%, 9/01/31 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">7,995,400
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 State Public Works Board, Lease Revenue Bonds, Department of Education, Riverside Campus Project, Series 2012H: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,790
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 4/01/30 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">4/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,077,147
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,065
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 4/01/31 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">4/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,275,940
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,560
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 State Public Works Board, Lease Revenue Bonds, Department of Veterans Affairs, Southern California Veterans Home - Chula Vista Facility, Series 1999A, 5.600%, 11/01/19 &#8201;&#8211;&#8201; AMBAC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,567,936
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">20,330
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 State Public Works Board, Lease Revenue Bonds, Judicial Council of California, New Stockton Courthouse, Series 2014B, 5.000%, 10/01/39 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">10/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">22,955,619
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,990
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 State Public Works Board, Lease Revenue Bonds, Judicial Council of California, Various Projects Series 2013A, 5.000%, 3/01/33 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">3/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,218,611
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,020
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Chino
 Redevelopment Agency, California, Merged Chino Redevelopment Project Area Tax Allocation Bonds, Series 2006, 5.000%, 9/01/38 &#8201;&#8211;&#8201; AMBAC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,021,601
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Compton
 Community Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment Projects, Second Lien Series 2010B: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,230
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 8/01/25 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/20
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,287,035
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">530
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.750%,
 8/01/26 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/20
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">561,699
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">El
 Monte, California, Senior Lien Certificates of Participation, Department of Public Services Facility Phase II, Series 2001: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">4,520
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 1/01/21 &#8201;&#8211;&#8201; AMBAC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aa2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,532,249
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">5,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.250%,
 1/01/34 &#8201;&#8211;&#8201; AMBAC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aa2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">5,013,550
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">350
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Fontana
 Redevelopment Agency, San Bernardino County, California, Tax Allocation Bonds, Jurupa Hills Redevelopment Project, Refunding Series 1997A, 5.500%, 10/01/27 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">354,326
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;
width:9.81%;">1,000
 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none; text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">Fullerton
 Community Facilities District 1, California, Special Tax Bonds, Amerige Heights, Refunding Series 2012, 5.000%, 9/01/32 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">A-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,091,140
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="width:100%;" type="Block"> </DIV> <DIV style="margin-top:48pt;width:100%;" type="Block">
<DIV style="color:#000000;font-family:Arial;font-size:7pt;font-style:italic;font-weight:Normal;line-height:10pt;text-align:left;text-decoration:none;text-transform:none;">6</DIV> </DIV> </DIV> <DIV style="clear:both;font-size:12pt;height:0pt;">
</DIV> <HR style="margin-bottom:0pt;">
<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER"> <DIV style="width:100%;"> <DIV style="width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.81%;">Principal
 Amount (000) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:10pt;text-align:right;vertical-align:bottom;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:10pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:53.15%;">Description
 (1) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:10pt;text-align:left;vertical-align:bottom;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:12.59%;">Optional
 Call Provisions (2) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.46%;">Ratings
 (3) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-top:10pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.57%;">Value
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Tax
 Obligation/Limited <FONT style="font-weight:Normal;">(continued)</FONT> </TD>
<TD style="line-height:9pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;width:9.81%;">$
<FONT style="padding-left:22.72pt;">63,875</FONT> </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Golden
 State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Series 2015A, 5.000%, 6/01/45 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">6/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A+
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:top; width:11.57%;">$<FONT
 style="padding-left:13.11pt;">71,964,130</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Golden
 State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Revenue Bonds, Series 2013A, 5.000%, 6/01/30 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">6/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,119,620
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Government
 of Guam, Business Privilege Tax Bonds, Refunding Series 2015D: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">7,610
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 11/15/30 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">8,207,613
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">4,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 11/15/34 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,255,320
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">425
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Hesperia
 Community Redevelopment Agency, California, Tax Allocation Bonds, Series 2005A, 5.000%, 9/01/35 &#8201;&#8211;&#8201; SYNCORA GTY Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">425,068
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,345
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Hesperia
 Public Financing Authority, California, Redevelopment and Housing Projects Tax Allocation Bonds, Series 2007A, 5.000%, 9/01/37 &#8201;&#8211;&#8201; SYNCORA GTY Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,348,245
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,750
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Inglewood
 Redevelopment Agency, California, Tax Allocation Bonds, Merged Redevelopment Project, Refunding Series 1998A, 5.250%, 5/01/23 &#8201;&#8211;&#8201; AMBAC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,867,425
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Lake
 Elsinore Public Financing Authority, California, Local Agency Revenue Bonds, Canyon Hills Improvement Area D, Series 2014A: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,140
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.500%,
 9/01/33 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,224,520
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,105
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.750%,
 9/01/44 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,286,830
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,375
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Lake
 Elsinore Public Financing Authority, California, Local Agency Revenue Bonds, Refunding Series 2015, 5.000%, 9/01/40 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,508,623
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Lammersville
 Joint Unified School District, California, Special Tax Bonds, Community Facilities District 2007-1 Mountain House - Shea Homes Improvement Area 1, Series 2013, 6.000%, 9/01/38 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,292,040
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Lathrop,
 California, Limited Obligation Improvement Bonds, Crossroads Assessment District, Series 2015, 5.000%, 9/02/40 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,089,860
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">6,190
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles Community Redevelopment Agency, California, Lease Revenue Bonds, Vermont Manchester Social Services Project, Series 2005, 5.000%, 9/01/37 &#8201;&#8211;&#8201; AMBAC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aa2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">6,204,918
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">15,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles County Metropolitan Transportation Authority, California, Proposition A First Tier Senior Sales Tax Revenue Bonds, Green Series 2017A, 5.000%, 7/01/42 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AAA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">17,667,600
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,220
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles County Metropolitan Transportation Authority, California, Proposition C Sales Tax Revenue Bonds, Senior Lien Series 2017A, 5.000%, 7/01/42 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,761,668
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,500
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Osos, California, Improvement Bonds, Community Services Wastewater Assessment District 1, Series 2002, 5.000%, 9/02/33 &#8201;&#8211;&#8201; NPFG Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,510,410
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">475
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Lynwood
 Redevelopment Agency, California, Project A Revenue Bonds, Subordinate Lien Series 2011A, 7.250%, 9/01/38 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">551,252
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:40.22pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">65
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Novato
 Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field Redevelopment Project, Series 2011, 6.750%, 9/01/40 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.61pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">73,288
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">575
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Patterson
 Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1, Subordinate Lien Series 2013B, 5.875%, 9/01/39 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">639,555
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Patterson
 Public Financing Authority, California, Revenue Bonds, Community Facilities District 2001-1, Senior Series 2013A: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,780
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.250%,
 9/01/30 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,160,608
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;
width:9.81%;">3,390
 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:53.15%;">5.750%,
 9/01/39 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,750,493
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="margin-top:57pt;width:100%;" type="Block">
<DIV style="color:#000000;font-family:Arial;font-size:7pt;font-style:italic;font-weight:Normal;line-height:10pt;text-align:right;text-decoration:none;text-transform:none;">7</DIV> </DIV> </DIV> <DIV style="clear:both;font-size:12pt;height:0pt;">
</DIV> <HR style="margin-bottom:0pt;">
<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER"> <DIV style="width:100%;"> <DIV style="width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="color:#424242;font-family:Arial;font-size:13pt;font-style:Normal;font-weight:bold;line-height:16pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; white-space:nowrap;width:8.89%;">NKX
 </TD>
<TD style="color:#424242;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:bold;line-height:17pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:91.11%; ">Nuveen California AMT-Free
Quality Municipal Income Fund <FONT style="font-size:10pt;font-weight:Normal;line-height:13pt;">(continued)</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:8.89%;">&#160; </TD>
<TD style="color:#424242;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:bold;line-height:17pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:91.11%; ">Portfolio of
Investments&#8195;<FONT style="font-size:11pt;line-height:14pt;">as of May 31, 2018</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:8.89%;">&#160; </TD>
<TD style="color:#424242;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; white-space:nowrap;width:91.11%;">(Unaudited)
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="margin-top:9pt;width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.81%;">Principal
 Amount (000) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:10pt;text-align:right;vertical-align:bottom;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:10pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:53.15%;">Description
 (1) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:10pt;text-align:left;vertical-align:bottom;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:12.59%;">Optional
 Call Provisions (2) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.46%;">Ratings
 (3) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-top:10pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.57%;">Value
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Tax
 Obligation/Limited <FONT style="font-weight:Normal;">(continued)</FONT> </TD>
<TD style="line-height:9pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;width:9.81%;">$
<FONT style="padding-left:26.61pt;">1,975</FONT> </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Perris
 Joint Powers Authority, California, Local Agency Revenue Bonds, Community Facilities District 2001-1 May Farms Improvement Area 1,2 and 3, Refunding Series 2014A, 5.375%, 9/01/33 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:top; width:11.57%;">$<FONT
 style="padding-left:16.99pt;">2,176,667</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Puerto
 Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">5,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">0.000%,
 8/01/44 &#8201;&#8211;&#8201; NPFG Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Baa2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,121,800
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">7,200
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">0.000%,
 8/01/45 &#8201;&#8211;&#8201; NPFG Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Baa2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,529,568
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,115
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Rio
 Elementary School District, California, Special Tax Bonds, Community Facilities District 1, Series 2013, 5.500%, 9/01/39 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,254,397
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:40.22pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">40
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Riverside
 County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project Area, Series 2011B, 6.500%, 10/01/25 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">10/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.61pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">45,553
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Riverside
 County, California, Special Tax Bonds, Community Facilities District 05-8 Scott Road, Series 2013: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">660
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 9/01/32 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">703,230
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,775
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 9/01/42 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,876,139
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">400
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Roseville,
 California, Special Tax Bonds, Community Facilities District 1 Westpark, Refunding Series 2015, 5.000%, 9/01/33 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">446,464
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Sacramento
 Area Flood Control Agency, California, Consolidated Capital Assessment District 2 Bonds, Series 2016A: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,695
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 10/01/36 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">10/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,294,772
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">6,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 10/01/41 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">10/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">6,940,200
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">805
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Sacramento
 City Financing Authority, California, Lease Revenue Refunding Bonds, Series 1993A, 5.400%, 11/01/20 &#8201;&#8211;&#8201; NPFG Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aa3
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">843,415
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,620
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Sacramento
 City Financing Authority, California, Lease Revenue Refunding Bonds, Series 1993B, 5.400%, 11/01/20 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aa3
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,697,306
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">940
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Bernardino Joint Powers Financing Authority, California, Certificates of Participation Refunding, Police Station Financing Project, Series 1999, 5.500%, 9/01/20 &#8201;&#8211;&#8201; NPFG Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Baa2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">942,745
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">215
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Clemente, California, Special Tax Revenue Bonds, Community Facilities District 2006-1 Marblehead Coastal, Series 2015, 5.000%, 9/01/40 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">234,885
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Diego County Regional Transportation Commission, California, Sales Tax Revenue Bonds, Refunding Series 2012A, 5.000%, 4/01/42 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">4/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AAA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,097,520
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,480
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Diego Redevelopment Agency, California, Subordinate Lien Tax Increment and Parking Revenue Bonds, Centre City Project, Series 2003B, 5.250%, 9/01/26 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AAA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,484,233
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">690
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Francisco City and County Redevelopment Agency Successor Agency, California, Special Tax Bonds, Community Facilities District 7, Hunters Point Shipyard Phase One Improvements, Refunding Series 2014, 5.000%, 8/01/39 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">751,244
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,700
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Francisco City and County Redevelopment Financing Authority, California, Tax Allocation Revenue Bonds, San Francisco Redevelopment Projects, Series 1998D, 0.000%, 8/01/24 &#8201;&#8211;&#8201; NPFG Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,284,767
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Francisco City and County, California, Certificates of Participation, Multiple Capital Improvement Projects, Series 2009A, 5.200%, 4/01/26 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">4/19
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aa1
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,057,720
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">380
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Francisco, California, Community Facilities District 6, Mission Bay South Public Improvements, Special Tax Refunding Bonds, Series 2013A, 5.000%, 8/01/33 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">411,810
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;
width:9.81%;">5,150
 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none; text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">San
 Jacinto Unified School District, Riverside County, California, Certificates of Participation, Series 2010, 5.375%, 9/01/40 &#8201;&#8211;&#8201; AGC Insured </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/20
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">5,479,909
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="width:100%;" type="Block"> </DIV> <DIV style="margin-top:35pt;width:100%;" type="Block">
<DIV style="color:#000000;font-family:Arial;font-size:7pt;font-style:italic;font-weight:Normal;line-height:10pt;text-align:left;text-decoration:none;text-transform:none;">8</DIV> </DIV> </DIV> <DIV style="clear:both;font-size:12pt;height:0pt;">
</DIV> <HR style="margin-bottom:0pt;">
<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER"> <DIV style="width:100%;"> <DIV style="width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.81%;">Principal
 Amount (000) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:10pt;text-align:right;vertical-align:bottom;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:10pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:53.15%;">Description
 (1) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:10pt;text-align:left;vertical-align:bottom;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:12.59%;">Optional
 Call Provisions (2) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.46%;">Ratings
 (3) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-top:10pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.57%;">Value
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Tax
 Obligation/Limited <FONT style="font-weight:Normal;">(continued)</FONT> </TD>
<TD style="line-height:9pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;width:9.81%;">$
<FONT style="padding-left:26.61pt;">1,000</FONT> </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Marcos Public Facilities Authority, California, Special Tax Revenue Bonds, Refunding Series 2012D, 5.000%, 9/01/36 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:top; width:11.57%;">$<FONT
 style="padding-left:16.99pt;">1,069,180</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:40.22pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">50
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Signal
 Hill Redevelopment Agency, California, Project 1 Tax Allocation Bonds, Series 2011, 7.000%, 10/01/26 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">4/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.61pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">56,113
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Temecula
 Public Financing Authority, California, Special Tax Bonds, Community Facilities District 16-01, Series 2017: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,170
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">6.125%,
 9/01/37, 144A </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,210,340
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">6.250%,
 9/01/47, 144A </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,018,840
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">4,500
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Virgin
 Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2012A, 5.000%, 10/01/32 &#8201;&#8211;&#8201; AGM Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">10/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,867,920
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">West
 Patterson Financing Authority, California, Special Tax Bonds, Community Facilities District 2015-1 Arambel-KDN, Refunding Series 2015: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">350
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.250%,
 9/01/35 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">366,044
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">790
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.250%,
 9/01/45 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">815,375
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:9.81%;">4,220
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:7pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">West
 Sacramento Financing Authority, California, Special Tax Revenue Bonds, Series 2014, 5.500%, 9/01/31 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;width:12.59%;">9/22
 at 102.00 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:11.57%;">4,711,419
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:22.72pt;padding-right:5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">257,380
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">Total
 Tax Obligation/Limited </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:19.11pt;padding-top:2pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">270,542,727
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Transportation&#8201;&#8211;&#8201;8.0%
 (5.0% of Total Investments) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">9,005
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Alameda
 Corridor Transportation Authority, California, Revenue Bonds, Refunding Second Subordinate Lien Series 2016B, 5.000%, 10/01/36 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">10/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">10,083,169
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">6,750
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Foothill/Eastern
 Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2013C, 6.500%, 1/15/43 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Baa3
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">7,920,113
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Foothill/Eastern
 Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">14,885
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.750%,
 1/15/46 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">16,976,640
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">14,885
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">6.000%,
 1/15/53 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">17,317,804
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Senior Lien Series 2015E: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">150
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 5/15/31 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">5/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">172,539
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,270
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 5/15/34 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">5/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,449,565
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,345
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 5/15/36 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">5/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,529,709
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:9.81%;">3,500
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:7pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">Stockton
 Public Financing Authority, California, Lease Revenue Bonds, Parking &amp; Capital Projects, Series 2004, 5.250%, 9/01/34 &#8201;&#8211;&#8201; FGIC Insured </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">Baa2
 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:11.57%;">3,500,630
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:26.61pt;padding-right:5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">51,790
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">Total
 Transportation </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:22.99pt;padding-top:2pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">58,950,169
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">U.S.
 Guaranteed&#8201;&#8211;&#8201;22.4% (14.0% of Total Investments) (5) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">ABAG
 Finance Authority for Non-Profit Corporations, California, Cal-Mortgage Insured Revenue Bonds, Channing House, Series 2010, 6.125%, 5/15/40 (Pre-refunded 5/15/20) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">5/20
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,262,230
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,225
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Antelope
 Valley Healthcare District, California, Revenue Bonds, Series 2011A, 6.875%, 3/01/26 (Pre-refunded 3/01/21) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">3/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,567,302
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;
width:9.81%;">13,200
 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none; text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">Atwater
 Public Financing Authority, California, Wastewater Revenue Bonds, Series 2010, 5.125%, 5/01/40 (Pre-refunded 5/01/19) &#8201;&#8211;&#8201; AGM Insured </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">5/19
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;
">13,640,880
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="margin-top:51pt;width:100%;" type="Block">
<DIV style="color:#000000;font-family:Arial;font-size:7pt;font-style:italic;font-weight:Normal;line-height:10pt;text-align:right;text-decoration:none;text-transform:none;">9</DIV> </DIV> </DIV> <DIV style="clear:both;font-size:12pt;height:0pt;">
</DIV> <HR style="margin-bottom:0pt;">
<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER"> <DIV style="width:100%;"> <DIV style="width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="color:#424242;font-family:Arial;font-size:13pt;font-style:Normal;font-weight:bold;line-height:16pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; white-space:nowrap;width:8.89%;">NKX
 </TD>
<TD style="color:#424242;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:bold;line-height:17pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:91.11%; ">Nuveen California AMT-Free
Quality Municipal Income Fund <FONT style="font-size:10pt;font-weight:Normal;line-height:13pt;">(continued)</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:8.89%;">&#160; </TD>
<TD style="color:#424242;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:bold;line-height:17pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:91.11%; ">Portfolio of
Investments&#8195;<FONT style="font-size:11pt;line-height:14pt;">as of May 31, 2018</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:8.89%;">&#160; </TD>
<TD style="color:#424242;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; white-space:nowrap;width:91.11%;">(Unaudited)
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="margin-top:9pt;width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.81%;">Principal
 Amount (000) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:10pt;text-align:right;vertical-align:bottom;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:10pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:53.15%;">Description
 (1) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:10pt;text-align:left;vertical-align:bottom;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:12.59%;">Optional
 Call Provisions (2) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.46%;">Ratings
 (3) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-top:10pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.57%;">Value
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">U.S.
 Guaranteed (5)<FONT style="font-weight:Normal;"> (continued)</FONT> </TD>
<TD style="line-height:9pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;width:9.81%;">$
<FONT style="padding-left:26.61pt;">1,115</FONT> </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Bay
 Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series 2013S-4, 5.250%, 4/01/48 (Pre-refunded 4/01/23) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">4/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:top; width:11.57%;">$<FONT
 style="padding-left:16.99pt;">1,294,225</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,630
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Health Facilities Financing Authority, Revenue Bonds, Childrens Hospital Los Angeles, Series 2010A, 5.250%, 7/01/38 (Pre-refunded 7/01/20) &#8201;&#8211;&#8201; AGC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/20
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,748,843
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Infrastructure and Economic Development Bank, First Lien Revenue Bonds, San Francisco Bay Area Toll Bridge, Series 2003A: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 7/01/22 &#8201;&#8211;&#8201; AGM Insured (ETM) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aaa
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,386,880
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,250
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 7/01/36 (Pre-refunded 1/01/28) &#8201;&#8211;&#8201; AMBAC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/28
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aaa
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,769,390
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">470
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2010A, 6.400%, 8/15/45 (Pre-refunded 8/15/20) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/20
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">511,214
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Municipal Finance Authority, Mobile Home Park Revenue Bonds, Windsor Mobile Country Club Series 2013A: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.625%,
 11/15/33 (Pre-refunded 11/15/23) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,378,080
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">8,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">6.000%,
 11/15/48 (Pre-refunded 11/15/23) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">9,666,560
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">750
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Series 2010A, 5.750%, 7/01/40 (Pre-refunded 7/01/20) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/20
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Baa2
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">811,500
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">5,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2009G-1, 5.750%, 10/01/30 (Pre-refunded 10/01/19) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">10/19
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aaa
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">5,279,000
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2009-I, 6.375%, 11/01/34 (Pre-refunded 11/01/19) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/19
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aaa
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,135,620
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">4,920
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Statewide Communities Development Authority, Revenue Bonds, Saint Joseph Health System, Tender Option Bond Trust 2016-XG0041, 15.682%, 7/01/47 (Pre-refunded 7/01/18) &#8201;&#8211;&#8201; AGM Insured, 144A (IF) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,979,124
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,680
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Statewide Community Development Authority, Revenue Bonds, Methodist Hospital Project, Series 2009, 6.750%, 2/01/38 (Pre-refunded 8/01/19) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/19
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,839,299
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">12,050
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Coast
 Community College District, Orange County, California, General Obligation Bonds, Series 2006C, 5.000%, 8/01/31 (Pre-refunded 8/01/18) &#8201;&#8211;&#8201; AGM Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">12,121,336
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,500
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Corona-Norco
 Unified School District, Riverside County, California, General Obligation Bonds, Election 2006 Series 2009B, 5.375%, 2/01/34 (Pre-refunded 8/01/18) &#8201;&#8211;&#8201; AGC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,516,275
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">East
 Side Union High School District, Santa Clara County, California, General Obligation Bonds, 2008 Election Series 2010B: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,490
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 8/01/27 (Pre-refunded 8/01/19) &#8201;&#8211;&#8201; AGC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/19
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,629,670
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,545
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 8/01/28 (Pre-refunded 8/01/19) &#8201;&#8211;&#8201; AGC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/19
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,686,871
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,110
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 8/01/29 (Pre-refunded 8/01/19) &#8201;&#8211;&#8201; AGC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/19
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,234,462
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">7,100
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Fontana
 Unified School District, San Bernardino County, California, General Obligation Bonds, Tender Option Bond Trust 2015-XF0111, 8.644%, 8/01/28 (Pre-refunded 8/01/18) &#8201;&#8211;&#8201; AGM Insured, 144A (IF) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">7,189,744
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">14,710
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Golden
 State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2007A-1, 5.750%, 6/01/47 (Pre-refunded 7/05/18) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">B3
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">14,783,550
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;
width:9.81%;">6,000
 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none; text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">Huntington
 Park Redevelopment Agency, California, Single Family Residential Mortgage Revenue Refunding Bonds, Series 1986A, 8.000%, 12/01/19 (ETM) </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">Aaa
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">6,560,040
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="width:100%;" type="Block"> </DIV> <DIV style="margin-top:71pt;width:100%;" type="Block">
<DIV style="color:#000000;font-family:Arial;font-size:7pt;font-style:italic;font-weight:Normal;line-height:10pt;text-align:left;text-decoration:none;text-transform:none;">10</DIV> </DIV> </DIV> <DIV style="clear:both;font-size:12pt;height:0pt;">
</DIV> <HR style="margin-bottom:0pt;">
<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER"> <DIV style="width:100%;"> <DIV style="width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.81%;">Principal
 Amount (000) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:10pt;text-align:right;vertical-align:bottom;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:10pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:53.15%;">Description
 (1) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:10pt;text-align:left;vertical-align:bottom;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:12.59%;">Optional
 Call Provisions (2) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.46%;">Ratings
 (3) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-top:10pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.57%;">Value
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">U.S.
 Guaranteed (5)<FONT style="font-weight:Normal;"> (continued)</FONT> </TD>
<TD style="line-height:9pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Irvine
 Unified School District Financing Authority, Orange County, California, Special Tax Bonds, Group II, Series 2006A: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;width:9.81%;">$
<FONT style="padding-left:36.33pt;">45</FONT> </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 9/01/26 (Pre-refunded 9/01/18) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:top; width:11.57%;">$<FONT
 style="padding-left:26.72pt;">45,392</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">105
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.125%,
 9/01/36 (Pre-refunded 9/01/18) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">105,945
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">170
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">National
 City Community Development Commission, California, Tax Allocation Bonds, National City Redevelopment Project, Series 2011, 6.500%, 8/01/24 (Pre-refunded 8/01/21) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">194,665
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,810
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Oakland
 Joint Powers Financing Authority, California, Lease Revenue Bonds, Administration Building Projects, Series 2008B, 5.000%, 8/01/21 (Pre-refunded 8/01/18) &#8201;&#8211;&#8201; AGC Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,826,410
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Palomar
 Pomerado Health Care District, California, Certificates of Participation, Series 2009: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">9,250
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">6.625%,
 11/01/29 (Pre-refunded 11/01/19) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/19
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">9,895,927
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">7,500
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">6.750%,
 11/01/39 (Pre-refunded 11/01/19) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/19
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">8,036,700
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Palomar
 Pomerado Health Care District, California, Certificates of Participation, Series 2010: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,500
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">6.000%,
 11/01/30 (Pre-refunded 11/01/20) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/20
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,654,920
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,595
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">6.000%,
 11/01/41 (Pre-refunded 11/01/20) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/20
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,863,012
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">540
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Pittsburg
 Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community Development Project, Refunding Series 2008A, 6.500%, 9/01/28 (Pre-refunded 9/01/18) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">546,577
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">210
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Rancho
 Santa Fe CSD Financing Authority, California, Revenue Bonds, Superior Lien Series 2011A, 5.750%, 9/01/30 (Pre-refunded 9/01/21) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">236,284
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:40.22pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">30
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds, Mission Bay North Redevelopment Project, Series 2011C, 6.750%, 8/01/41 (Pre-refunded 2/01/21) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">2/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.61pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">33,929
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Francisco Redevelopment Financing Authority, California, Tax Allocation Revenue Bonds, Mission Bay South Redevelopment Project, Series 2011D: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:40.22pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">30
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">7.000%,
 8/01/33 (Pre-refunded 2/01/21) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">2/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.61pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">34,123
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:40.22pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">40
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">7.000%,
 8/01/41 (Pre-refunded 2/01/21) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">2/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">BBB+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.61pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">45,497
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,500
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Juan Capistano, California, General Obligation Bonds, Open Space Program, Tender Option Bond Trust 2015-XF0048, 14.280%, 8/01/40 (Pre-refunded 8/01/19), 144A (IF) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/19
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AAA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,743,675
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Ysidro School District, San Diego County, California, General Obligation Bonds, 1997 Election Series 2011F: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">7,230
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">0.000%,
 8/01/42 (Pre-refunded 8/01/21) &#8201;&#8211;&#8201; AGM Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/21
 at 21.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,426,479
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">10,450
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">0.000%,
 8/01/43 (Pre-refunded 8/01/21) &#8201;&#8211;&#8201; AGM Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/21
 at 19.43 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,908,275
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">21,225
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">0.000%,
 8/01/44 (Pre-refunded 8/01/21) &#8201;&#8211;&#8201; AGM Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/21
 at 17.98 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,586,601
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">12,550
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">0.000%,
 8/01/45 (Pre-refunded 8/01/21) &#8201;&#8211;&#8201; AGM Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/21
 at 16.64 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,962,067
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">23,425
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">0.000%,
 8/01/46 (Pre-refunded 8/01/21) &#8201;&#8211;&#8201; AGM Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/21
 at 15.39 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,387,489
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Tustin
 Community Redevelopment Agency, California, Tax Allocation Housing Bonds Series 2010: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,205
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 9/01/30 (Pre-refunded 9/01/20) &#8201;&#8211;&#8201; AGM Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/20
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,293,724
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;
width:9.81%;">3,250
 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:53.15%;">5.250%,
 9/01/39 (Pre-refunded 9/01/20) &#8201;&#8211;&#8201; AGM Insured </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/20
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,507,108
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="margin-top:48pt;width:100%;" type="Block">
<DIV style="color:#000000;font-family:Arial;font-size:7pt;font-style:italic;font-weight:Normal;line-height:10pt;text-align:right;text-decoration:none;text-transform:none;">11</DIV> </DIV> </DIV> <DIV style="clear:both;font-size:12pt;height:0pt;">
</DIV> <HR style="margin-bottom:0pt;">
<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER"> <DIV style="width:100%;"> <DIV style="width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="color:#424242;font-family:Arial;font-size:13pt;font-style:Normal;font-weight:bold;line-height:16pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; white-space:nowrap;width:8.89%;">NKX
 </TD>
<TD style="color:#424242;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:bold;line-height:17pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:91.11%; ">Nuveen California AMT-Free
Quality Municipal Income Fund <FONT style="font-size:10pt;font-weight:Normal;line-height:13pt;">(continued)</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:8.89%;">&#160; </TD>
<TD style="color:#424242;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:bold;line-height:17pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:91.11%; ">Portfolio of
Investments&#8195;<FONT style="font-size:11pt;line-height:14pt;">as of May 31, 2018</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:8.89%;">&#160; </TD>
<TD style="color:#424242;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; white-space:nowrap;width:91.11%;">(Unaudited)
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="margin-top:9pt;width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.81%;">Principal
 Amount (000) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:10pt;text-align:right;vertical-align:bottom;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:10pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:53.15%;">Description
 (1) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:10pt;text-align:left;vertical-align:bottom;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:12.59%;">Optional
 Call Provisions (2) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.46%;">Ratings
 (3) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-top:10pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.57%;">Value
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">U.S.
 Guaranteed (5)<FONT style="font-weight:Normal;"> (continued)</FONT> </TD>
<TD style="line-height:9pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;width:9.81%;">$
<FONT style="padding-left:26.61pt;">6,000</FONT> </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Westminster
 Redevelopment Agency, California, Tax Allocation Bonds, Commercial Redevelopment Project 1, Police Facility Subordinate Series 2009, 6.250%, 11/01/39 (Pre-refunded 11/01/19) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">11/19
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:top; width:11.57%;">$<FONT
 style="padding-left:16.99pt;">6,379,080</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:40.22pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">95
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Yorba
 Linda Redevelopment Agency, Orange County, California, Tax Allocation Revenue Bonds, Yorba Linda Redevelopment Project, Subordinate Lien Series 2011A, 6.000%, 9/01/26 (Pre-refunded 9/01/21) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">9/21
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">107,635
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:9.81%;">1,000
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:7pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">Yuba
 Community College District, California, General Obligation Bonds, Election 2006 Series 2011C, 5.250%, 8/01/47 (Pre-refunded 8/01/21) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;width:12.59%;">8/21
 at 100.00 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">Aa2
 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:11.57%;">1,110,000
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:22.72pt;padding-right:5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">218,500
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">Total
 U.S. Guaranteed </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:19.11pt;padding-top:2pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">164,923,609
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Utilities&#8201;&#8211;&#8201;8.2%
 (5.1% of Total Investments) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Long
 Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds, Series 2007A: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,490
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 11/15/35 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,007,347
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,835
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.500%,
 11/15/37 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">No
 Opt. Call </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">A
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,349,516
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">10,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2012B, 5.000%, 7/01/43 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">10,966,700
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">4,280
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2013B, 5.000%, 7/01/28 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,927,906
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">5,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2016A, 5.000%, 7/01/46 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">5,735,000
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2017C: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">5,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 7/01/42 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">5,889,200
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">15,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 7/01/47 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">17,562,600
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,750
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles Department of Water and Power, California, Power System Revenue Bonds, Tender Option Bond Trust 2015-XF2047, 14.610%, 7/01/43, 144A (IF) (6) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">5,200,125
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Southern
 California Public Power Authority, California, Milford Wind Corridor Phase I Revenue Bonds, Series 2010-1, 5.000%, 7/01/28 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/20
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,049,620
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:9.81%;">2,975
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:7pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">Southern
 California Public Power Authority, California, Revenue Bonds, Apex Power Project Series 2014A, 5.000%, 7/01/37 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;width:12.59%;">7/24
 at 100.00 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:11.57%;">3,364,844
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:26.61pt;padding-right:5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">51,330
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">Total
 Utilities </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:22.99pt;padding-top:2pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">60,052,858
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Water
 and Sewer&#8201;&#8211;&#8201;23.0% (14.5% of Total Investments) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">11,600
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Bay
 Area Water Supply and Conservation Agency, California, Revenue Bonds, Capital Cost Recovery Prepayment Program, Series 2013A, 5.000%, 10/01/34 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">4/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">13,050,464
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">5,850
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Infrastructure and Economic Development Bank. Clean Water State Revolving Fund Revenue Bonds, Green Series 2018, 5.000%, 10/01/43 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">4/28
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AAA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">6,992,973
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">California
 Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San Diego County Water Authority Desalination Project Pipeline, Series 2012: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">7,910
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 7/01/37, 144A </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Baa3
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">7,962,364
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">12,045
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 11/21/45, 144A </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Baa3
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">12,253,017
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;
width:9.81%;">3,000
 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none; text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">Escondido
 Joint Powers Financing Authority, California, Revenue Bonds, Water System Financing, Series 2012, 5.000%, 9/01/41 </TD>
<TD style="line-height:0pt;padding-bottom:6pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">3/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-bottom:6pt;padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,244,980
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="width:100%;" type="Block"> </DIV> <DIV style="margin-top:46pt;width:100%;" type="Block">
<DIV style="color:#000000;font-family:Arial;font-size:7pt;font-style:italic;font-weight:Normal;line-height:10pt;text-align:left;text-decoration:none;text-transform:none;">12</DIV> </DIV> </DIV> <DIV style="clear:both;font-size:12pt;height:0pt;">
</DIV> <HR style="margin-bottom:0pt;">
<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER"> <DIV style="width:100%;"> <DIV style="width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:9.81%;">Principal
 Amount (000) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:10pt;text-align:right;vertical-align:bottom;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:10pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:53.15%;">Description
 (1) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:10pt;text-align:left;vertical-align:bottom;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:12.59%;">Optional
 Call Provisions (2) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.46%;">Ratings
 (3) </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:6pt;padding-top:10pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.57%;">Value
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">Water
 and Sewer <FONT style="font-weight:Normal;">(continued)</FONT> </TD>
<TD style="line-height:9pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Refunding Series 2016B: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;width:9.81%;">$
<FONT style="padding-left:26.61pt;">1,000</FONT> </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 7/01/32 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:top; width:11.57%;">$<FONT
 style="padding-left:16.99pt;">1,179,090</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,775
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 7/01/35 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,411,201
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">16,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2012A, 5.000%, 7/01/43 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/22
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">17,546,720
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">10,515
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2014A, 5.000%, 7/01/44 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">11,886,577
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2016A: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">5,680
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 7/01/35 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">6,637,250
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 7/01/36 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,164,780
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2017A: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,705
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 7/01/41 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,164,796
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">11,400
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 7/01/44 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">13,290,462
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">5,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.250%,
 7/01/44 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">1/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">5,932,200
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,210
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles, California, Wastewater System Revenue Bonds, Green Subordinate Lien Series 2017A, 5.250%, 6/01/47 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">6/27
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,639,712
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">9,500
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles, California, Wastewater System Revenue Bonds, Refunding Green Series 2015A, 5.000%, 6/01/44 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">6/25
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA+
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">10,767,205
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Los
 Angeles, California, Wastewater System Revenue Bonds, Refunding Subordinate Lien Series 2013A: </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:right;vertical-align:top;width:11.57%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 6/01/34 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">6/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,257,300
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">3,500
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:53.15%;">5.000%,
 6/01/35 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">6/23
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">3,943,240
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:36.33pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">670
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Metropolitan
 Water District of Southern California, Waterworks Revenue Bonds, Tender Option Bond Trust 2016-XL0015, 14.700%, 7/01/35, 144A (IF) (6) </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">7/19
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AAA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:26.72pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">764,363
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">1,500
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Placerville
 Public Financing Authority, California, Wastewater System Refinancing and Improvement Project Revenue Bonds, Series 2006, 5.000%, 9/01/34 &#8201;&#8211;&#8201; SYNCORA GTY Insured </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/18
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">N/R
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,500,780
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">2,500
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">Sacramento
 County Sanitation Districts Financing Authority, California, Revenue Bonds, Sacramento Regional County Sanitation District, Series 2014A, 5.000%, 12/01/33 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">6/24
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">AA
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">2,872,775
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:30.50pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">4,000
 </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:7pt;padding-right:6pt;padding-top:2pt;text-align:left;text-decoration:none;text-indent:-7pt; text-transform:none;vertical-align:top;width:53.15%;">San
 Diego Public Facilities Financing Authority, California, Water Utility Revenue Bonds, Refunding Subordinate Lien Series 2016B, 5.000%, 8/01/37 </TD>
<TD style="line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;width:12.59%;">8/26
 at 100.00 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt;text-align:right;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:10.46%;">Aa3
 </TD>
<TD style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:12pt;line-height:12pt; padding-left:20.88pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">4,669,480
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:26.61pt;padding-right:5pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:9.81%;">26,220
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:7pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-indent:-7pt;text-transform:none;vertical-align:top;width:53.15%;">San
 Francisco City and County Public Utilities Commission, California, Water Revenue Bonds, Series 2017D, 5.000%, 11/01/33 (UB) (6) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:4.5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;width:12.59%;">11/27
 at 100.00 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:4.5pt;padding-right:6pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.46%;">AA-
 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:9pt;font-size:9pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal; line-height:12pt;line-height:12pt;padding-bottom:4pt;padding-left:16.99pt;padding-top:2pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:11.57%;">31,660,388
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:22.72pt;padding-right:5pt;padding-top:2pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:9.81%;">149,580
 </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">Total
 Water and Sewer </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:19.11pt;padding-top:2pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">169,792,117
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:5pt;padding-top:3.12pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:top;width:9.81%;">$
<FONT style="padding-left:12.99pt;">1,185,400</FONT> </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">Total
 Long-Term Investments (cost $1,070,434,285) </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:3.12pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:6pt;padding-top:3.12pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:10.37pt;padding-top:3.12pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">1,175,134,824
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:medium double #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">Floating
 Rate Obligations&#8201;&#8211;&#8201;(2.8)% </TD>
<TD style="border-bottom:medium double #000000;line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:medium double #000000;line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:medium double #000000;line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:medium double #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:18.65pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">(20,975,000)
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:medium double #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">MuniFund
 Preferred Shares, net of deferred offering costs&#8201;&#8211;&#8201;(19.0)% (7) </TD>
<TD style="border-bottom:medium double #000000;line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:medium double #000000;line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:medium double #000000;line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:medium double #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:14.51pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">(139,981,154)
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:medium double #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">Variable
 Rate Demand Preferred Shares, net of deferred offering costs&#8201;&#8211;&#8201;(39.4)% (8) </TD>
<TD style="border-bottom:medium double #000000;line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:medium double #000000;line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:medium double #000000;line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:medium double #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:14.51pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">(290,279,449)
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:medium double #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:2pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">Other
 Assets Less Liabilities&#8201;&#8211;&#8201;1.7% </TD>
<TD style="border-bottom:medium double #000000;line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:medium double #000000;line-height:0pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:medium double #000000;line-height:0pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:medium double #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-left:20.72pt;padding-top:2pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:11.57%;">12,833,953
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:9pt;padding-bottom:4pt;padding-right:5pt;padding-top:2pt;text-align:right;vertical-align:top;width:9.81%;">&#160; </TD>
<TD style="line-height:0pt;padding-bottom:4pt;padding-top:2pt;text-align:left;vertical-align:top;width:0.19%;">&#160; </TD>
<TD style="border-bottom:2pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-right:6pt;padding-top:2pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:53.15%;">Net
 Asset Applicable to Common Shares&#8201;&#8211;&#8201;100% </TD>
<TD style="border-bottom:2pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:left;vertical-align:top;width:2.13%;">&#160; </TD>
<TD style="border-bottom:2pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:4.5pt;padding-top:2pt;text-align:right;vertical-align:top;width:12.59%;">&#160; </TD>
<TD style="border-bottom:2pt solid #000000;line-height:0pt;padding-bottom:4pt;padding-right:6pt;padding-top:2pt;text-align:right;vertical-align:top;width:10.46%;">&#160; </TD>
<TD style="border-bottom:2pt solid #000000;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:4pt;padding-left:0pt;padding-top:2pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:top;width:11.57%;">$
<FONT style="padding-left:6.44pt;"></FONT>736,733,174 </TD></TR></TABLE> </DIV> </DIV> <DIV style="margin-top:36pt;width:100%;" type="Block">
<DIV style="color:#000000;font-family:Arial;font-size:7pt;font-style:italic;font-weight:Normal;line-height:10pt;text-align:right;text-decoration:none;text-transform:none;">13</DIV> </DIV> </DIV> <DIV style="clear:both;font-size:12pt;height:0pt;">
</DIV> <HR style="margin-bottom:0pt;">
<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER"> <DIV style="width:100%;"> <DIV style="width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="color:#424242;font-family:Arial;font-size:13pt;font-style:Normal;font-weight:bold;line-height:16pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; white-space:nowrap;width:8.89%;">NKX
 </TD>
<TD style="color:#424242;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:bold;line-height:17pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:91.11%; ">Nuveen California AMT-Free
Quality Municipal Income Fund <FONT style="font-size:10pt;font-weight:Normal;line-height:13pt;">(continued)</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:8.89%;">&#160; </TD>
<TD style="color:#424242;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:bold;line-height:17pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:91.11%; ">Portfolio of
Investments&#8195;<FONT style="font-size:11pt;line-height:14pt;">as of May 31, 2018</FONT> </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="line-height:0pt;padding-left:0pt;padding-right:2pt;text-align:left;vertical-align:top;width:8.89%;">&#160; </TD>
<TD style="color:#424242;font-family:Arial;font-size:11pt;font-style:Normal;font-weight:Normal;line-height:14pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top; white-space:nowrap;width:91.11%;">(Unaudited)
 </TD></TR></TABLE> </DIV> </DIV> <DIV style="width:100%;" type="Block">
<DIV style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;margin-top:12pt;text-align:left;text-decoration:none;text-transform:none;">Fair Value Measurements</DIV>
<DIV style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Fair value is defined as the price that would be received 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.</DIV>
<DIV style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:2pt;padding-left:3.33%;text-align:left;text-decoration:none;text-transform:none;">Level 1
&nbsp;&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.<BR> </DIV>
<DIV style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:2pt;padding-left:67.146pt;text-align:left;text-decoration:none;text-indent:-47.0022pt; text-transform:none;">Level 2
&nbsp;&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).<BR> </DIV>
<DIV style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:2pt;padding-left:67.146pt;text-align:left;text-decoration:none;text-indent:-47.0022pt; text-transform:none;">Level 3
&nbsp;&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prices are determined using significant unobservable inputs (including management&#8217;s assumptions in determining the fair value of investments).</DIV>
<DIV style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">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&#8217;s fair value measurements as of the end of the reporting period:</DIV> <DIV style="text-align:left;">
<TABLE style="border-bottom:2pt solid #000000;border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;line-height:8pt;padding-bottom:4pt;padding-right:6pt;padding-top:10pt;text-align:left;vertical-align:bottom;width:55.56%;">&#160; </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.11%;">Level
 1 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.11%;">Level
 2 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:11.11%;">Level
 3 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;padding-top:10pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.11%;">Total
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.5pt;padding-left:0pt;padding-right:6pt;padding-top:2.62pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:bottom;width:55.56%;">Long-Term
 Investments: </TD>
<TD style="line-height:0pt;padding-bottom:1.5pt;padding-right:6pt;padding-top:2.62pt;text-align:right;vertical-align:bottom;width:11.11%;">&#160; </TD>
<TD style="line-height:0pt;padding-bottom:1.5pt;padding-right:6pt;padding-top:2.62pt;text-align:right;vertical-align:bottom;width:11.11%;">&#160; </TD>
<TD style="line-height:0pt;padding-bottom:1.5pt;padding-right:6pt;padding-top:2.62pt;text-align:right;vertical-align:bottom;width:11.11%;">&#160; </TD>
<TD style="line-height:0pt;padding-bottom:1.5pt;padding-right:6pt;padding-top:2.62pt;text-align:right;vertical-align:bottom;width:11.11%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:bottom;width:55.56%;">Municipal
 Bonds </TD>
<TD style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;width:11.11%;">$&#8195;&#8212;
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;width:11.11%;">$1,175,134,824
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;width:11.11%;">$&#8195;&#8212;
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;width:11.11%;">$1,175,134,824
 </TD></TR></TABLE> </DIV> <DIV style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;margin-top:12pt;text-align:left;text-decoration:none;text-transform:none;">Income Tax Information</DIV>
<DIV style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">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.</DIV> <DIV style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">The table below presents the cost and unrealized
appreciation (depreciation) of the Fund's investment portfolio, as determined on a federal income tax basis, as of May 31, 2018.</DIV> <DIV style="text-align:left;">
<TABLE style="border-bottom:2pt solid #000000;border-collapse:collapse;border-top:0.5pt solid #000000;empty-cells:show;margin-top:6pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:0pt;padding-right:3pt;padding-top:4pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:88.89%;">Tax
 cost of investments </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:3pt;padding-right:6pt;padding-top:4pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:10.56%;">$1,048,558,372
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.25pt;padding-left:0pt;padding-right:3pt;padding-top:2.38pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:bottom;width:88.89%;">Gross
 unrealized: </TD>
<TD style="line-height:0pt;padding-bottom:1.25pt;padding-right:6pt;padding-top:2.38pt;text-align:right;vertical-align:bottom;width:10.56%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.25pt;padding-left:6pt;padding-right:3pt;padding-top:1.25pt;text-align:left; text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:88.89%;">Appreciation
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.25pt;padding-left:3pt;padding-right:6pt;padding-top:1.25pt;text-align:right; text-decoration:none;text-transform:none;vertical-align:bottom;width:10.56%;">$
<FONT style="padding-left:5.00pt;"></FONT>105,618,284 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:6pt;padding-right:3pt;padding-top:1.25pt; text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:88.89%;">Depreciation
 </TD>
<TD style="border-bottom:0.5pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:24.79pt;padding-right:6pt;padding-top:1.25pt; text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:10.56%;">(16,949)
 </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:0pt;padding-right:3pt;padding-top:2.38pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:bottom;width:88.89%;">Net
 unrealized appreciation (depreciation) of investments </TD>
<TD style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:3pt;padding-right:6pt;padding-top:2.38pt;text-align:right;text-decoration:none; text-transform:none;vertical-align:bottom;width:10.56%;">$
<FONT style="padding-left:5.00pt;"></FONT>105,601,335 </TD></TR></TABLE> </DIV> </DIV> <DIV style="width:100%;" type="Block"> </DIV> <DIV style="margin-top:217pt;width:100%;" type="Block">
<DIV style="color:#000000;font-family:Arial;font-size:7pt;font-style:italic;font-weight:Normal;line-height:10pt;text-align:left;text-decoration:none;text-transform:none;">14</DIV> </DIV> </DIV> <DIV style="clear:both;font-size:12pt;height:0pt;">
</DIV> <HR style="margin-bottom:0pt;">
<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER"> <DIV style="width:100%;"> <DIV style="width:100%;" type="Block"> <DIV style="text-align:left;">
<TABLE style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:4pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.73%;">(1)
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:4pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:95.16%;">All
 percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted. </TD>
<TD style="line-height:0pt;padding-top:4pt;text-align:left;vertical-align:top;width:0%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.73%;">(2)
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:95.16%;">Optional
 Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.
</TD>
<TD style="line-height:0pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:0%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.73%;">(3)
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:95.16%;">For
 financial reporting purposes, the ratings disclosed are the highest of Standard &amp; Poor&#8217;s Group (&#8220;Standard &amp; Poor&#8217;s&#8221;), Moody&#8217;s Investors Service, Inc. (&#8220;Moody&#8217;s&#8221;) or Fitch, Inc.
(&#8220;Fitch&#8221;) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard &amp; Poor&#8217;s, Baa by Moody&#8217;s or BBB by Fitch are
considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. </TD>
<TD style="line-height:0pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:0%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.73%;">(4)
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:95.16%;">Step-up
 coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period. </TD>
<TD style="line-height:0pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:0%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.73%;">(5)
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:95.16%;">Backed
 by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. </TD>
<TD style="line-height:0pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:0%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.73%;">(6)
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:95.16%;">Investment,
 or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions. </TD>
<TD style="line-height:0pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:0%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.73%;">(7)
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:95.16%;">MuniFund
 Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 11.9% </TD>
<TD style="line-height:0pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:0%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.73%;">(8)
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:95.16%;">Variable
 Rate Demand Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 24.7%. </TD>
<TD style="line-height:0pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:0%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.73%;">144A
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:95.16%;">Investment
 is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. </TD>
<TD style="line-height:0pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:0%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.73%;">ETM
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:95.16%;">Escrowed
 to maturity. </TD>
<TD style="line-height:0pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:0%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;white-space:nowrap;width:3.73%;">IF
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none;text-transform:none; vertical-align:top;width:95.16%;">Inverse
 floating rate security issued by a tender option bond (&#8220;TOB&#8221;) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association (SIFMA) short-term rate, which resets weekly, or a similar
short-term rate, and is reduced by the expenses related to the TOB trust. </TD>
<TD style="line-height:0pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:0%;">&#160; </TD></TR>
<TR style="page-break-inside:avoid;">
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3pt;padding-left:0pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;white-space:nowrap;width:3.73%;">UB
 </TD>
<TD style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:3pt;padding-left:6pt;padding-right:6pt;padding-top:1.5pt;text-align:left;text-decoration:none; text-transform:none;vertical-align:top;width:95.16%;">Underlying
 bond of an inverse floating rate trust reflected as a financing transaction. </TD>
<TD style="line-height:0pt;padding-bottom:3pt;padding-top:1.5pt;text-align:left;vertical-align:top;width:0%;">&#160; </TD></TR></TABLE> </DIV> </DIV> <DIV style="margin-top:27pt;width:100%;" type="Block">
<DIV style="color:#000000;font-family:Arial;font-size:7pt;font-style:italic;font-weight:Normal;line-height:10pt;margin-top:36pt;text-align:right;text-decoration:none;text-transform:none;">15</DIV> </DIV> </DIV>
<DIV style="clear:both;font-size:12pt;height:0pt;"> </DIV>
<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;2. Controls and Procedures. </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">The registrant&#146;s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant&#146;s disclosure controls and procedures (as defined in Rule <FONT
STYLE="white-space:nowrap">30a-3(c)</FONT> under the Investment Company Act of 1940, as amended (the &#147;1940 Act&#148;) (17 CFR <FONT STYLE="white-space:nowrap">270.30a-3(c)))</FONT> are effective, as of a date within 90 days of the filing date
of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule <FONT STYLE="white-space:nowrap">30a-3(b)</FONT> under the 1940 Act (17 CFR <FONT
STYLE="white-space:nowrap">270.30a-3(b))</FONT> and Rule <FONT STYLE="white-space:nowrap">13a-15(b)</FONT> or <FONT STYLE="white-space:nowrap">15d-15(b)</FONT> under the Securities Exchange Act of 1934 (17 CFR
<FONT STYLE="white-space:nowrap">240.13a-15(b)</FONT> or <FONT STYLE="white-space:nowrap">240.15d-15(b)).</FONT> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">There were no changes in the registrant&#146;s internal control over financial reporting (as defined in Rule <FONT STYLE="white-space:nowrap">30a-3(d)</FONT> under the 1940 Act (17 CFR
<FONT STYLE="white-space:nowrap">270.30a-3(d))</FONT> that occurred during the registrant&#146;s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant&#146;s internal control over financial
reporting. </TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;3. Exhibits. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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 <FONT STYLE="white-space:nowrap">30a-2(a)</FONT> under the 1940 Act (17 CFR <FONT STYLE="white-space:nowrap">270.30a-2(a)),</FONT> exactly as set forth below: See <FONT STYLE="white-space:nowrap">EX-99</FONT> CERT attached hereto.
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:3.00pt solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="48%"></TD>
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<TD WIDTH="27%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">(Registrant)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3">Nuveen California AMT-Free Quality Municipal Income Fund</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By&nbsp;(Signature&nbsp;and&nbsp;Title)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><U>/s/ Gifford R.
Zimmerman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Gifford R. Zimmerman</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Vice President and Secretary</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: July 30, 2018 </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By (Signature and Title)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><U>/s/ Cedric H.
Antosiewicz&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Cedric H. Antosiewicz</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chief Administrative Officer (principal executive officer)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:&nbsp;July 30, 2018</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By&nbsp;(Signature&nbsp;and&nbsp;Title)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><U>/s/ Stephen D.
Foy&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Stephen D. Foy</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Vice President and Controller (principal financial officer)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:&nbsp;July 30, 2018</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:3.00pt solid #000000">&nbsp;</P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>d534432dex99cert.htm
<DESCRIPTION>CERTIFICATIONS
<TEXT>
<HTML><HEAD>
<TITLE>Certifications</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>CERTIFICATIONS </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I, Cedric H. Antosiewicz, certify that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">I have reviewed this report on Form <FONT STYLE="white-space:nowrap">N-Q</FONT> of Nuveen California AMT-Free Quality Municipal Income Fund; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">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; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">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;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The registrant&#146;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule <FONT STYLE="white-space:nowrap">30a-3(c)</FONT> under the
Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule <FONT STYLE="white-space:nowrap">30a-3(d)</FONT> under the Investment Company Act of 1940) for the registrant and have: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">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; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">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; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top">Evaluated the effectiveness of the registrant&#146;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 </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top">Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the registrant&#146;s most recent fiscal quarter that has materially affected, or is reasonably
likely to materially affect, the registrant&#146;s internal control over financial reporting; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">The registrant&#146;s other certifying officer and I have disclosed to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent functions):
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">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&#146;s ability to record,
process, summarize, and report financial information; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting. </TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: July&nbsp;30, 2018 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="27%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Cedric H. Antosiewicz&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Cedric H. Antosiewicz</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Chief Administrative Officer</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>(principal executive officer)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:3.00pt solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>CERTIFICATIONS </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I, Stephen D. Foy, certify that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">I have reviewed this report on Form <FONT STYLE="white-space:nowrap">N-Q</FONT> of Nuveen California AMT-Free Quality Municipal Income Fund; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">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; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">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;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The registrant&#146;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule <FONT STYLE="white-space:nowrap">30a-3(c)</FONT> under the
Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule <FONT STYLE="white-space:nowrap">30a-3(d)</FONT> under the Investment Company Act of 1940) for the registrant and have: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">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; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">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; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top">Evaluated the effectiveness of the registrant&#146;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 </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top">Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the registrant&#146;s most recent fiscal quarter that has materially affected, or is reasonably
likely to materially affect, the registrant&#146;s internal control over financial reporting; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">The registrant&#146;s other certifying officer and I have disclosed to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent functions):
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">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&#146;s ability to record,
process, summarize, and report financial information; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting. </TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: July 30, 2018 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" ALIGN="center"><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Stephen D.
Foy&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></B></TD>
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<TD VALIGN="bottom" ALIGN="center"><B>Stephen D. Foy</B></TD>
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<TD VALIGN="bottom" ALIGN="center"><B>Vice President and Controller</B></TD>
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<TD VALIGN="bottom" ALIGN="center"><B>(principal financial officer)</B></TD>
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