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Portfolio of Investments
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Nuveen California Select Tax-Free Income Portfolio (NXC)
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June 30, 2016 (Unaudited)
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Principal
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Optional Call
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Amount (000)
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Description (1)
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Provisions (2)
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Ratings (3)
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Value
|
|
|
LONG-TERM INVESTMENTS – 99.3%
|
|
|
|
|
|
MUNICIPAL BONDS – 99.3%
|
|
|
|
|
|
Consumer Staples – 4.1%
|
|
|
|
|
$ 65
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma
|
12/16 at 100.00
|
BBB+
|
$ 65,030
|
|
|
County Tobacco Securitization Corporation, Series 2005, 4.250%, 6/01/21
|
|
|
|
|
1,450
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
6/17 at 100.00
|
B–
|
1,461,847
|
|
|
Bonds, Series 2007A-1, 5.000%, 6/01/33
|
|
|
|
|
1,095
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
6/22 at 100.00
|
B–
|
1,124,412
|
|
|
Bonds, Series 2007A-2, 5.300%, 6/01/37
|
|
|
|
|
1,500
|
Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed
|
12/16 at 100.00
|
B–
|
1,500,105
|
|
|
Bonds, Series 2005A-1, 5.500%, 6/01/45
|
|
|
|
|
4,110
|
Total Consumer Staples
|
|
|
4,151,394
|
|
|
Education and Civic Organizations – 3.2%
|
|
|
|
|
195
|
California Educational Facilities Authority, Revenue Bonds, Santa Clara University, Series
|
4/18 at 100.00
|
Aa3
|
211,440
|
|
|
2008A, 5.625%, 4/01/37
|
|
|
|
|
160
|
California Municipal Finance Authority, Charter School Revenue Bonds, Rocketship Education –
|
6/22 at 102.00
|
N/R
|
190,066
|
|
|
Multiple Projects, Series 2014A , 7.250%, 6/01/43
|
|
|
|
|
2,000
|
California State University, Systemwide Revenue Bonds, Series 2015A, 5.000%, 11/01/38
|
11/25 at 100.00
|
Aa2
|
2,500,880
|
|
250
|
California Statewide Communities Development Authority, School Facility Revenue Bonds,
|
7/21 at 100.00
|
BBB–
|
293,660
|
|
|
Alliance College-Ready Public Schools, Series 2011A, 7.000%, 7/01/46
|
|
|
|
|
2,605
|
Total Education and Civic Organizations
|
|
|
3,196,046
|
|
|
Health Care – 5.7%
|
|
|
|
|
115
|
California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard
|
8/24 at 100.00
|
AA
|
138,361
|
|
|
Children’s Hospital, Series 2014A, 5.000%, 8/15/43
|
|
|
|
|
125
|
California Health Facilities Financing Authority, Revenue Bonds, Providence Health & Services,
|
10/24 at 100.00
|
AA
|
151,279
|
|
|
Series 2014A, 5.000%, 10/01/38
|
|
|
|
|
255
|
California Health Facilities Financing Authority, Revenue Bonds, Providence Health & Services,
|
10/24 at 100.00
|
AA
|
306,477
|
|
|
Series 2014B, 5.000%, 10/01/44
|
|
|
|
|
235
|
California Health Facilities Financing Authority, Revenue Bonds, Rady Children’s Hospital –
|
8/21 at 100.00
|
Aa3
|
271,587
|
|
|
San Diego, Series 2011, 5.250%, 8/15/41
|
|
|
|
|
825
|
California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda
|
6/26 at 100.00
|
BB+
|
943,553
|
|
|
University Medical Center, Series 2016A, 5.000%, 12/01/46
|
|
|
|
|
425
|
California Statewide Community Development Authority, Revenue Bonds, Children’s Hospital of
|
8/17 at 100.00
|
BBB+
|
440,304
|
|
|
Los Angeles, Series 2007, 5.000%, 8/15/47
|
|
|
|
|
500
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009,
|
11/19 at 100.00
|
Ba1
|
560,740
|
|
|
6.625%, 11/01/29
|
|
|
|
|
1,100
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010,
|
11/20 at 100.00
|
Ba1
|
1,187,175
|
|
|
6.000%, 11/01/41
|
|
|
|
|
670
|
San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011,
|
12/21 at 100.00
|
BB+
|
841,688
|
|
|
7.500%, 12/01/41
|
|
|
|
|
800
|
Upland, California, Certificates of Participation, San Antonio Community Hospital, Series
|
1/21 at 100.00
|
A–
|
948,776
|
|
|
2011, 6.500%, 1/01/41
|
|
|
|
|
5,050
|
Total Health Care
|
|
|
5,789,940
|
|
|
Housing/Multifamily – 1.0%
|
|
|
|
|
365
|
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects
|
8/20 at 100.00
|
BBB
|
419,754
|
|
|
Series 2010A, 6.400%, 8/15/45
|
|
|
|
|
395
|
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects
|
8/22 at 100.00
|
BBB
|
459,310
|
|
|
Series 2012A, 5.500%, 8/15/47
|
|
|
|
|
|
California Municipal Finance Authority, Mobile Home Park Senior Revenue Bonds, Caritas
|
|
|
|
|
|
Affordable Housing, Inc. Projects, Series 2014A:
|
|
|
|
|
25
|
5.250%, 8/15/39
|
8/24 at 100.00
|
BBB
|
29,538
|
|
65
|
5.250%, 8/15/49
|
8/24 at 100.00
|
BBB
|
76,292
|
|
850
|
Total Housing/Multifamily
|
|
|
984,894
|
|
|
Industrials – 1.1%
|
|
|
|
|
1,015
|
California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Republic
|
No Opt. Call
|
BBB+
|
1,074,601
|
|
|
Services Inc., Series 2002C, 5.250%, 6/01/23 (Mandatory put 12/01/17) (Alternative
|
|
|
|
|
|
Minimum Tax)
|
|
|
|
|
|
Tax Obligation/General – 34.3%
|
|
|
|
|
1,000
|
California State, General Obligation Bonds, Various Purpose Refunding Series 2015,
|
8/25 at 100.00
|
AA–
|
1,250,930
|
|
|
5.000%, 8/01/34
|
|
|
|
|
1,650
|
California State, General Obligation Bonds, Various Purpose Series 2009, 5.500%, 11/01/39
|
11/19 at 100.00
|
AA–
|
1,908,324
|
|
1,965
|
California State, General Obligation Bonds, Various Purpose Series 2011, 5.000%, 10/01/41
|
10/21 at 100.00
|
AA–
|
2,347,291
|
|
2,000
|
California State, General Obligation Bonds, Various Purpose Series 2012, 5.250%, 4/01/35
|
4/22 at 100.00
|
AA–
|
2,431,540
|
|
|
Golden West Schools Financing Authority, California, General Obligation Revenue Refunding
|
|
|
|
|
|
Bonds, School District Program, Series 1999A:
|
|
|
|
|
3,400
|
0.000%, 8/01/16 – NPFG Insured
|
No Opt. Call
|
AA–
|
3,397,789
|
|
1,750
|
0.000%, 2/01/17 – NPFG Insured
|
No Opt. Call
|
AA–
|
1,737,978
|
|
2,375
|
0.000%, 8/01/17 – NPFG Insured
|
No Opt. Call
|
AA–
|
2,344,173
|
|
2,345
|
0.000%, 2/01/18 – NPFG Insured
|
No Opt. Call
|
AA–
|
2,297,584
|
|
|
Mountain View-Los Altos Union High School District, Santa Clara County, California, General
|
|
|
|
|
|
Obligation Bonds, Capital Appreciation Series 1997C:
|
|
|
|
|
1,015
|
0.000%, 5/01/17 – NPFG Insured
|
No Opt. Call
|
Aaa
|
1,007,783
|
|
1,080
|
0.000%, 5/01/18 – NPFG Insured
|
No Opt. Call
|
Aaa
|
1,060,560
|
|
|
Palomar Pomerado Health, California, General Obligation Bonds, Convertible Capital
|
|
|
|
|
|
Appreciation, Election 2004 Series 2010A:
|
|
|
|
|
10,825
|
0.000%, 8/01/34
|
No Opt. Call
|
A+
|
5,730,646
|
|
2,250
|
0.000%, 8/01/35
|
No Opt. Call
|
A+
|
1,146,263
|
|
8,075
|
San Bernardino Community College District, California, General Obligation Bonds, Election of
|
No Opt. Call
|
Aa2
|
3,051,543
|
|
|
2008 Series 2009B, 0.000%, 8/01/44
|
|
|
|
|
1,000
|
San Diego Unified School District, San Diego County, California, General Obligation Bonds,
|
7/25 at 100.00
|
AAA
|
1,246,980
|
|
|
Dedicated Unlimited Ad Valorem Property Tax, 2012 Election Series 2016F, 5.000%, 7/01/40
|
|
|
|
|
4,250
|
West Hills Community College District, California, General Obligation Bonds, School Facilities
|
8/31 at 100.00
|
AA
|
3,770,897
|
|
|
Improvement District 3, 2008 Election Series 2011, 0.000%, 8/01/38 – AGM Insured (4)
|
|
|
|
|
44,980
|
Total Tax Obligation/General
|
|
|
34,730,281
|
|
|
Tax Obligation/Limited – 19.0%
|
|
|
|
|
1,000
|
Bell Community Redevelopment Agency, California, Tax Allocation Bonds, Bell Project Area,
|
10/16 at 100.00
|
AA
|
1,000,990
|
|
|
Series 2003, 5.625%, 10/01/33 – RAAI Insured
|
|
|
|
|
2,000
|
California State Public Works Board, Lease Revenue Bonds, Department of Corrections &
|
9/23 at 100.00
|
A+
|
2,478,800
|
|
|
Rehabilitation, Various Correctional Facilities Series 2013F, 5.250%, 9/01/33
|
|
|
|
|
1,500
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series
|
11/19 at 100.00
|
A+
|
1,795,965
|
|
|
2009-I, 6.375%, 11/01/34
|
|
|
|
|
360
|
Chino Redevelopment Agency, California, Merged Chino Redevelopment Project Area Tax Allocation
|
9/16 at 101.00
|
A
|
365,850
|
|
|
Bonds, Series 2006, 5.000%, 9/01/38 – AMBAC Insured
|
|
|
|
|
1,000
|
Fontana Public Financing Authority, California, Tax Allocation Revenue Bonds, North Fontana
|
10/16 at 100.00
|
A
|
1,003,100
|
|
|
Redevelopment Project, Series 2005A, 5.000%, 10/01/32 – AMBAC Insured
|
|
|
|
|
270
|
Fontana Redevelopment Agency, San Bernardino County, California, Tax Allocation Bonds, Jurupa
|
10/16 at 100.00
|
A
|
273,291
|
|
|
Hills Redevelopment Project, Refunding Series 1997A, 5.500%, 10/01/27
|
|
|
|
|
3,000
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
|
6/25 at 100.00
|
A+
|
3,668,729
|
|
|
Asset-Backed Revenue Bonds, Refunding Series 2015A, 5.000%, 6/01/40
|
|
|
|
|
250
|
Inglewood Redevelopment Agency, California, Tax Allocation Bonds, Merged Redevelopment
|
5/17 at 100.00
|
BBB+
|
256,268
|
|
|
Project, Subordinate Lien Series 2007A-1, 5.000%, 5/01/23 – AMBAC Insured
|
|
|
|
|
|
Irvine Unified School District, California, Special Tax Bonds, Community Facilities District
|
|
|
|
|
|
Series 2006A:
|
|
|
|
|
55
|
5.000%, 9/01/26
|
9/16 at 100.00
|
N/R
|
55,366
|
|
130
|
5.125%, 9/01/36
|
9/16 at 100.00
|
N/R
|
130,737
|
|
1,215
|
Los Angeles Community Redevelopment Agency, California, Lease Revenue Bonds, Vermont
|
9/16 at 100.00
|
A1
|
1,219,155
|
|
|
Manchester Social Services Project, Series 2005, 5.000%, 9/01/37 – AMBAC Insured
|
|
|
|
|
135
|
National City Community Development Commission, California, Tax Allocation Bonds, National
|
8/21 at 100.00
|
A
|
170,382
|
|
|
City Redevelopment Project, Series 2011, 6.500%, 8/01/24
|
|
|
|
|
1,000
|
Norco Redevelopment Agency, California, Tax Allocation Bonds, Project Area 1, Series 2009,
|
3/18 at 100.00
|
A+
|
1,102,810
|
|
|
7.000%, 3/01/34
|
|
|
|
|
50
|
Novato Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field Redevelopment
|
9/21 at 100.00
|
BBB+
|
61,148
|
|
|
Project, Series 2011, 6.750%, 9/01/40
|
|
|
|
|
60
|
Patterson Public Finance Authority, Revenue Bonds, Community Facilities District 2001-1,
|
9/23 at 100.00
|
N/R
|
67,960
|
|
|
Subordinate Lien Series 2013B , 5.875%, 9/01/39
|
|
|
|
|
|
Patterson Public Financing Authority, California, Revenue Bonds, Community Facilities District
|
|
|
|
|
|
2001-1, Senior Series 2013A:
|
|
|
|
|
350
|
5.250%, 9/01/30
|
9/23 at 100.00
|
N/R
|
397,544
|
|
320
|
5.750%, 9/01/39
|
9/23 at 100.00
|
N/R
|
364,925
|
|
160
|
Rancho Santa Fe CSD Financing Authority, California, Revenue Bonds, Superior Lien Series
|
9/21 at 100.00
|
A–
|
189,957
|
|
|
2011A, 5.750%, 9/01/30
|
|
|
|
|
30
|
Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project
|
10/21 at 100.00
|
A
|
37,398
|
|
|
Area, Series 2011B, 6.500%, 10/01/25
|
|
|
|
|
515
|
Sacramento City Financing Authority, California, Lease Revenue Refunding Bonds, Series 1993A,
|
No Opt. Call
|
AA–
|
563,080
|
|
|
5.400%, 11/01/20 – NPFG Insured
|
|
|
|
|
20
|
San Clemente, California, Special Tax Revenue Bonds, Community Facilities District 2006-1
|
9/25 at 100.00
|
N/R
|
23,243
|
|
|
Marblehead Coastal, Series 2015, 5.000%, 9/01/40
|
|
|
|
|
1,365
|
San Diego County Regional Transportation Commission, California, Sales Tax Revenue Bonds,
|
4/22 at 100.00
|
AAA
|
1,614,959
|
|
|
Refunding Series 2012A, 5.000%, 4/01/42
|
|
|
|
|
65
|
San Francisco City and County Redevelopment Agency Successor Agency, California, Special Tax
|
No Opt. Call
|
N/R
|
73,002
|
|
|
Bonds, Community Facilities District 7, Hunters Point Shipyard Phase One Improvements,
|
|
|
|
|
|
Refunding Series 2014, 5.000%, 8/01/39
|
|
|
|
|
615
|
San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment
|
8/17 at 100.00
|
AA–
|
643,173
|
|
|
Project, Series 2006C, 5.000%, 8/01/25 – NPFG Insured
|
|
|
|
|
40
|
Signal Hill Redevelopment Agency, California, Project 1 Tax Allocation Bonds, Series 2011,
|
4/21 at 100.00
|
N/R
|
48,226
|
|
|
7.000%, 10/01/26
|
|
|
|
|
360
|
Turlock Public Financing Authority, California, Tax Allocation Revenue Bonds, Series 2011,
|
3/21 at 100.00
|
A–
|
453,002
|
|
|
7.500%, 9/01/39
|
|
|
|
|
1,000
|
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Series 2012A,
|
10/22 at 100.00
|
AA
|
1,138,750
|
|
|
5.000%, 10/01/32 – AGM Insured
|
|
|
|
|
70
|
Yorba Linda Redevelopment Agency, Orange County, California, Tax Allocation Revenue Bonds,
|
9/21 at 100.00
|
A–
|
86,389
|
|
|
Yorba Linda Redevelopment Project, Subordinate Lien Series 2011A, 6.500%, 9/01/32
|
|
|
|
|
16,935
|
Total Tax Obligation/Limited
|
|
|
19,284,199
|
|
|
Transportation – 6.6%
|
|
|
|
|
530
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds,
|
1/24 at 100.00
|
BB+
|
644,581
|
|
|
Refunding Junior Lien Series 2013C, 6.500%, 1/15/43
|
|
|
|
|
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds,
|
|
|
|
|
|
Refunding Series 2013A:
|
|
|
|
|
1,000
|
5.000%, 1/15/42 – AGM Insured
|
1/24 at 100.00
|
AA
|
1,133,360
|
|
1,170
|
5.750%, 1/15/46
|
1/24 at 100.00
|
BBB–
|
1,397,904
|
|
1,175
|
6.000%, 1/15/53
|
1/24 at 100.00
|
BBB–
|
1,410,447
|
|
800
|
Long Beach, California, Harbor Revenue Bonds, Series 2015D, 5.000%, 5/15/42
|
5/25 at 100.00
|
AA
|
995,000
|
|
955
|
Port of Oakland, California, Revenue Bonds, Refunding Series 2012P, 5.000%, 5/01/31
|
No Opt. Call
|
A+
|
1,129,373
|
|
|
(Alternative Minimum Tax)
|
|
|
|
|
5,630
|
Total Transportation
|
|
|
6,710,665
|
|
|
U.S. Guaranteed – 11.5% (5)
|
|
|
|
|
2,805
|
California Educational Facilities Authority, Revenue Bonds, Santa Clara University, Series
|
4/18 at 100.00
|
N/R (5)
|
3,050,634
|
|
|
2008A, 5.625%, 4/01/37 (Pre-refunded 4/01/18)
|
|
|
|
|
405
|
California State Public Works Board, Lease Revenue Bonds, Department of Corrections,
|
No Opt. Call
|
AA– (5)
|
420,260
|
|
|
Calipatria State Prison, Series 1991A, 6.500%, 9/01/17 – NPFG Insured (ETM)
|
|
|
|
|
545
|
California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,
|
8/16 at 100.00
|
AA– (5)
|
547,267
|
|
|
Series 2001C, 5.250%, 8/01/31 (Pre-refunded 8/01/16)
|
|
|
|
|
540
|
Loma Linda, California, Hospital Revenue Bonds, Loma Linda University Medical Center, Series
|
12/17 at 100.00
|
BB (5)
|
599,076
|
|
|
2008A, 8.250%, 12/01/38 (Pre-refunded 12/01/17)
|
|
|
|
|
6,530
|
Merced Irrigation District, California, Certificates of Participation, Water and Hydroelectric
|
9/16 at 64.56
|
A (5)
|
4,212,176
|
|
|
Series 2008B, 0.000%, 9/01/23 (Pre-refunded 9/01/16)
|
|
|
|
|
415
|
Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community
|
9/18 at 100.00
|
BB+ (5)
|
467,448
|
|
|
Development Project, Refunding Series 2008A, 6.500%, 9/01/28 (Pre-refunded 9/01/18)
|
|
|
|
|
25
|
San Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds,
|
2/21 at 100.00
|
A– (5)
|
31,601
|
|
|
Mission Bay North Redevelopment Project, Series 2011C, 6.750%, 8/01/41 (Pre-refunded 2/01/21)
|
|
|
|
|
|
San Francisco Redevelopment Financing Authority, California, Tax Allocation Revenue Bonds,
|
|
|
|
|
|
Mission Bay South Redevelopment Project, Series 2011D:
|
|
|
|
|
25
|
7.000%, 8/01/33 (Pre-refunded 2/01/21)
|
2/21 at 100.00
|
BBB+ (5)
|
31,842
|
|
30
|
7.000%, 8/01/41 (Pre-refunded 2/01/21)
|
2/21 at 100.00
|
BBB+ (5)
|
38,211
|
|
225
|
San Mateo Union High School District, San Mateo County, California, Certificates of
|
12/17 at 100.00
|
N/R (5)
|
239,711
|
|
|
Participation, Phase 1, Series 2007A, 5.000%, 12/15/30 (Pre-refunded 12/15/17) – AMBAC Insured
|
|
|
|
|
1,000
|
Santa Clara Valley Transportation Authority, California, Sales Tax Revenue Bonds, 2000 Measure A,
|
4/17 at 100.00
|
AA+ (5)
|
1,033,840
|
|
|
Refunding Series 2007A, 5.000%, 4/01/36 (Pre-refunded 4/01/17) – AMBAC Insured
|
|
|
|
|
1,000
|
Travis Unified School District, Solano County, California, Certificates of Participation,
|
9/16 at 100.00
|
A3 (5)
|
1,007,780
|
|
|
Series 2006, 5.000%, 9/01/26 (Pre-refunded 9/01/16) – FGIC Insured
|
|
|
|
|
13,545
|
Total U.S. Guaranteed
|
|
|
11,679,846
|
|
|
Utilities – 2.0%
|
|
|
|
|
1,000
|
Imperial Irrigation District, California, Electric System Revenue Bonds, Refunding Series
|
11/20 at 100.00
|
AA–
|
1,168,270
|
|
|
2011A, 5.500%, 11/01/41
|
|
|
|
|
645
|
Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds, Series
|
No Opt. Call
|
A
|
893,048
|
|
|
2007A, 5.500%, 11/15/37
|
|
|
|
|
1,645
|
Total Utilities
|
|
|
2,061,318
|
|
|
Water and Sewer – 10.8%
|
|
|
|
|
1,000
|
Bay Area Water Supply and Conservation Agency, California, Revenue Bonds, Capital Cost
|
4/23 at 100.00
|
AA–
|
1,218,210
|
|
|
Recovery Prepayment Program, Series 2013A, 5.000%, 10/01/34
|
|
|
|
|
|
California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon
|
|
|
|
|
|
Resources Channelside LP Desalination Project, Series 2012:
|
|
|
|
|
375
|
5.000%, 7/01/37 (Alternative Minimum Tax)
|
No Opt. Call
|
Baa3
|
420,514
|
|
1,160
|
5.000%, 11/21/45 (Alternative Minimum Tax)
|
No Opt. Call
|
Baa3
|
1,294,003
|
|
2,000
|
Escondido Joint Powers Financing Authority, California, Revenue Bonds, Water System Financing,
|
3/22 at 100.00
|
AA–
|
2,362,000
|
|
|
Series 2012, 5.000%, 9/01/41
|
|
|
|
|
1,970
|
Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2014A,
|
7/24 at 100.00
|
AA+
|
2,424,696
|
|
|
5.000%, 7/01/44
|
|
|
|
|
1,500
|
Metropolitan Water District of Southern California, Water Revenue Bonds, Refunding Series
|
7/25 at 100.00
|
AAA
|
1,883,115
|
|
|
2015A, 5.000%, 7/01/40
|
|
|
|
|
1,000
|
Santa Clara Valley Water District, California, Water System Revenue Bonds, Refunding Series
|
12/25 at 100.00
|
Aa1
|
1,284,090
|
|
|
2016A, 5.000%, 6/01/31
|
|
|
|
|
9,005
|
Total Water and Sewer
|
|
|
10,886,628
|
|
$ 105,370
|
Total Long-Term Investments (cost $86,992,114)
|
|
|
100,549,812
|
|
|
Other Assets Less Liabilities – 0.7%
|
|
|
694,557
|
|
|
Net Assets – 100%
|
|
|
$ 101,244,369
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Long-Term Investments:
|
|
|
|
|
Municipal Bonds
|
$ —
|
$100,549,812
|
$ —
|
$100,549,812
|
Gross unrealized:
|
|
Appreciation
|
$13,610,843
|
Depreciation
|
—
|
Net unrealized appreciation (depreciation) of investments
|
$13,610,843
|
(1)
|
All percentages shown in the Portfolio of Investments are based on net assets.
|
|
(2)
|
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.
|
|
(3)
|
For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group
|
|
|
("Standard & Poor's"), Moody’s Investors Service, Inc. ("Moody's") or Fitch, Inc. ("Fitch") rating. Ratings
|
|
|
below BBB by Standard & Poor’s, Baa by Moody’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.
|
|
(4)
|
Step-up coupon. The rate shown is the coupon as of the end of the reporting period.
|
|
(5)
|
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. Certain bonds backed by U.S. Government or
|
|
|
agency securities are regarded as having an implied rating equal to the rating of such securities.
|
|
(ETM)
|
Escrowed to maturity.
|
a.
|
The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) 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 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
|
b.
|
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
|
By (Signature and Title) | /s/ Kevin J. McCarthy |
Kevin J. McCarthy
Vice President and Secretary
|
By (Signature and Title) | /s/ Gifford R. Zimmerman |
Gifford R. Zimmerman
Chief Administrative Officer (principal executive officer)
|
By (Signature and Title) | /s/ Stephen D. Foy |
Stephen D. Foy
Vice President and Controller (principal financial officer)
|