Principal
Amount |
Value†
|
||||||
(000's omitted)
|
(000's omitted)
|
||||||
Municipal Notes 170.9%
|
|||||||
American Samoa 0.7%
|
|||||||
$
|
600
|
American Samoa Econ. Dev. Au. Gen. Rev. Ref., Ser. 2015-A, 6.25%, due 9/1/29
|
$
|
597
|
|||
California 151.6%
|
|||||||
1,000
|
Bay Area Toll Au. Toll Bridge Rev., Ser. 2013-S-4, 5.00%, due 4/1/27 Pre-Refunded 4/1/23
|
1,141
|
|||||
1,500
|
Bay Area Toll Au. Toll Bridge Rev. (San Francisco Bay Area), Ser. 2012, 5.00%, due 4/1/21
|
1,612
|
|||||
California Ed. Facs. Au. Ref. Rev. (Univ. of Redlands)
|
|||||||
250
|
Ser. 2016-A, 5.00%, due 10/1/28
|
295
|
|||||
260
|
Ser. 2016-A, 3.00%, due 10/1/29
|
262
|
|||||
400
|
Ser. 2016-A, 3.00%, due 10/1/30
|
399
|
|||||
1,000
|
California Ed. Facs. Au. Rev. (Green Bond- Loyola Marymount Univ.), Ser. 2018-B, 5.00%, due 10/1/48
|
1,128
|
|||||
1,000
|
California Hlth. Facs. Fin. Au. Rev. (Children's Hosp. Los Angeles), Ser. 2012-A, 5.00%, due 11/15/26
|
1,096
|
|||||
1,000
|
California Infrastructure & Econ. Dev. Bank St. Sch. Fund Lease Rev. (King City Joint Union High Sch. Dist. Fin.), Ser. 2010, 5.13%, due 8/15/24
|
1,034
|
|||||
1,000
|
California Muni. Fin. Au. Charter Sch. Lease Rev. (Sycamore Academy Proj.), Ser. 2014, 5.63%, due 7/1/44
|
1,008
|
(a)(b)
|
||||
500
|
California Muni. Fin. Au. Charter Sch. Lease Rev. (Vista Charter Middle Sch. Proj.), Ser. 2014, 5.13%, due 7/1/29
|
503
|
|||||
255
|
California Muni. Fin. Au. Charter Sch. Rev. (John Adams Academics Proj.), Ser. 2015-A, 4.50%, due 10/1/25
|
258
|
|||||
1,000
|
California Muni. Fin. Au. Charter Sch. Rev. (Palmdale Aerospace Academy Proj.), Ser. 2016, 5.00%, due 7/1/31
|
1,063
|
(a)
|
||||
500
|
California Muni. Fin. Au. Rev. (Baptist Univ.), Ser. 2015-A, 5.00%, due 11/1/30
|
545
|
(a)
|
||||
California Muni. Fin. Au. Rev. (Biola Univ.)
|
|||||||
375
|
Ser. 2013, 4.00%, due 10/1/25
|
400
|
|||||
410
|
Ser. 2013, 4.00%, due 10/1/26
|
435
|
|||||
455
|
Ser. 2013, 4.00%, due 10/1/27
|
481
|
|||||
600
|
California Muni. Fin. Au. Rev. (Southwestern Law Sch.), Ser. 2011, 6.00%, due 11/1/26
|
662
|
|||||
California Muni. Fin. Au. Rev. (Touro College & Univ. Sys. Obligated Group)
|
|||||||
605
|
Ser. 2014-A, 4.00%, due 1/1/27
|
611
|
|||||
630
|
Ser. 2014-A, 4.00%, due 1/1/28
|
633
|
|||||
330
|
Ser. 2014-A, 4.00%, due 1/1/29
|
329
|
|||||
2,000
|
California Muni. Fin. Au. Std. Hsg. Rev. (CHF-Davis I, LLC-West Villiage Std. Hsg. Proj.), Ser. 2018, (BAM Insured), 4.00%, due 5/15/48
|
2,019
|
|||||
400
|
California Sch. Fac. Fin. Au. Rev. (Alliance College - Ready Pub. Sch. Proj.), Ser. 2015-A, 5.00%, due 7/1/30
|
435
|
(a)
|
||||
1,500
|
California Sch. Fac. Fin. Au. Rev. (Green Dot Pub. Sch. Proj.), Ser. 2018-A, 5.00%, due 8/1/48
|
1,594
|
(a)
|
||||
California Sch. Fac. Fin. Au. Rev. (KIPP LA Proj.)
|
|||||||
400
|
Ser. 2017-A, 4.00%, due 7/1/23
|
425
|
(a)
|
||||
400
|
Ser. 2014-A, 4.13%, due 7/1/24
|
417
|
|||||
375
|
Ser. 2017-A, 5.00%, due 7/1/25
|
424
|
(a)
|
||||
130
|
Ser. 2017-A, 5.00%, due 7/1/27
|
149
|
(a)
|
||||
2,195
|
California St. Dept. of Veterans Affairs Home Purchase Ref. Rev., Ser. 2016-A, 3.00%, due 6/1/29
|
2,178
|
|||||
California St. Dept. of Wtr. Res. Ctr. Valley Proj. Rev. (Wtr. Sys.)
|
|||||||
|
15
|
Ser. 2012-AN, 5.00%, due 12/1/21
|
|
16
|
|||
540
|
Ser. 2012-AN, 5.00%, due 12/1/21
|
593
|
|||||
California St. Dept. of Wtr. Res. Pwr. Supply Rev.
|
|||||||
1,240
|
Ser. 2010-L, 5.00%, due 5/1/22 Pre-Refunded 5/1/20
|
1,294
|
|||||
760
|
Ser. 2010-L, 5.00%, due 5/1/22
|
792
|
|||||
1,500
|
California St. G.O., Ser. 2012, 5.00%, due 2/1/27
|
1,638
|
|||||
1,000
|
California St. Infrastructure & Econ. Dev. Bank Rev. (Goodwill Industries of Sacramento Valley & No. Proj.), Ser. 2016-A, 5.00%, due 1/1/36
|
960
|
(a)(b)
|
||||
2,000
|
California St. Poll. Ctrl. Fin. Au. Rev. (San Jose Wtr. Co. Proj.), Ser. 2016, 4.75%, due 11/1/46
|
2,142
|
|||||
710
|
California St. Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev. (Aemerage Redak Svcs. So. California LLC Proj.), Ser. 2016, 7.00%, due 12/1/27
|
683
|
(a)(b)
|
||||
550
|
California St. Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev. (Green Bond-Rialto Bioenergy Fac. LLC, Proj.), Ser. 2019, 7.50%, due 12/1/40
|
525
|
(a)
|
||||
2,000
|
California St. Poll. Ctrl. Fin. Au. Wtr. Furnishing Rev., Ser. 2012, 5.00%, due 7/1/27
|
2,145
|
(a)
|
||||
1,095
|
California St. Pub. Works Board Lease Rev. (California Comm. Colleges), Ser. 2004-B, 5.50%, due 6/1/20
|
1,098
|
|||||
415
|
California St. Sch. Fin. Au. Charter Sch. Rev. (Downtown College Prep-Oblig. Group), Ser. 2016, 4.50%, due 6/1/31
|
418
|
(a)
|
||||
400
|
California St. Sch. Fin. Au. Charter Sch. Rev. (Rocketship Edu.), Ser. 2016-A, 5.00%, due 6/1/31
|
415
|
(a)
|
||||
520
|
California St. Sch. Fin. Au. Ed. Facs. Rev. (Partnerships Uplifts Comm. Valley Proj.), Ser. 2014-A, 5.35%, due 8/1/24
|
539
|
(a)
|
||||
1,000
|
California St. Var. Purp. G.O., Ser. 2012, 4.00%, due 9/1/21
|
1,058
|
|||||
1,200
|
California Statewide CDA College Hsg. Rev. (NCCD-Hooper Street LLC-College of the Arts Proj.), Ser. 2019, 5.25%, due 7/1/52
|
1,252
|
(a)
|
||||
1,325
|
California Statewide CDA Hosp. Rev. (Methodist Hosp. of Southern Proj.), Ser. 2018, 4.25%, due 1/1/43
|
1,327
|
|||||
720
|
California Statewide CDA Rev. (Henry Mayo Newhall Mem. Hosp.), Ser. 2014-A, (AGM Insured), 5.00%, due 10/1/26
|
822
|
|||||
500
|
California Statewide CDA Rev. (Loma Linda Univ. Med. Ctr.), Ser. 2018-A, 5.50%, due 12/1/58
|
544
|
(a)
|
||||
700
|
California Statewide CDA Rev. (Redwoods Proj.), Ser. 2013, 5.00%, due 11/15/28
|
791
|
|||||
285
|
California Statewide CDA Rev. (Sr. Living So. California Presbyterian Homes), Ser. 2009, 6.25%, due 11/15/19
|
293
|
(a)
|
||||
600
|
California Statewide CDA Rev. Ref. (Lancer Ed. Std. Hsg. Proj.), Ser. 2016-A, 5.00%, due 6/1/36
|
642
|
(a)
|
||||
1,500
|
California Statewide CDA Rev. Ref. (Loma Linda Univ. Med. Ctr.), Ser. 2014-A, 5.25%, due 12/1/29
|
1,646
|
|||||
1,500
|
California Statewide CDA Rev. Ref. (Redlands Comm. Hosp.), Ser. 2016, 4.00%, due 10/1/41
|
1,514
|
|||||
1,200
|
California Statewide CDA Spec. Tax Rev. Ref. (Comm. Facs. Dist. #2007-01 Orinda Wilder Proj.), Ser. 2015, 4.50%, due 9/1/25
|
1,304
|
|||||
2,055
|
California Statewide CDA Std. Hsg. Rev. (Univ. of Irvin Campus Apts. Phase IV), Ser. 2017-A, 5.00%, due 5/15/32
|
2,333
|
|||||
500
|
California Statewide CDA Std. Hsg. Rev. Ref. (Baptist University), Ser. 2017-A, 5.00%, due 11/1/32
|
551
|
(a)
|
||||
2,000
|
Contra Costa Co. Redev. Agcy. Successor Agcy. Tax Allocation Ref., Ser. 2017-A, (BAM Insured), 5.00%, due 8/1/31
|
2,384
|
|||||
Corona Norco Unified Sch. Dist. Pub. Fin. Au. Sr. Lien Rev.
|
|||||||
350
|
Ser. 2013-A, 5.00%, due 9/1/26
|
393
|
|||||
560
|
Ser. 2013-A, 5.00%, due 9/1/27
|
627
|
|||||
1,365
|
Daly City Hsg. Dev. Fin. Agcy. Rev. Ref. (Franciscan Mobile Home Park), Ser. 2007-A, 5.00%, due 12/15/21
|
1,369
|
|||||
2,000
|
Davis Joint Unified Sch. Dist. Cert. of Participation (Yolo Co.), Ser. 2014, (BAM Insured), 4.00%, due 8/1/24
|
2,207
|
|||||
|
600
|
Deutsche Bank Spears/Lifers Trust Rev. (Floaters) (Deutsche Bank AG), Ser. 2017-7007, 1.88%, due 3/1/42
|
|
600
|
(a)(c)
|
||
1,250
|
Emeryville Redev. Agcy. Successor Agcy. Tax Allocation Ref. Rev., Ser. 2014-A, (AGM Insured), 5.00%, due 9/1/25
|
1,461
|
|||||
Golden St. Tobacco Securitization Corp. Tobacco Settlement Rev. Ref.
|
|||||||
2,000
|
Ser. 2018-A-1, 5.00%, due 6/1/47
|
1,889
|
|||||
4,000
|
Ser. 2018-A-2, 5.00%, due 6/1/47
|
3,779
|
|||||
1,000
|
Imperial Comm. College Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, (AGM Insured), 6.75%, due 8/1/40 Pre-Refunded 8/1/25
|
1,306
|
|||||
1,000
|
Inglewood Unified Sch. Dist. Facs. Fin. Au. Rev., Ser. 2007, (AGM Insured), 5.25%, due 10/15/26
|
1,163
|
|||||
Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2)
|
|||||||
150
|
Ser. 2013, 4.00%, due 9/1/23
|
164
|
|||||
300
|
Ser. 2013, 4.00%, due 9/1/24
|
325
|
|||||
450
|
Ser. 2013, 4.00%, due 9/1/25
|
485
|
|||||
645
|
Ser. 2013, 3.50%, due 9/1/26
|
676
|
|||||
690
|
Ser. 2013, 3.63%, due 9/1/27
|
723
|
|||||
450
|
Irvine Unified Sch. Dist. Spec. Tax (Comm. Facs. Dist. # 09-1), (LOC: U.S. Bank N.A.), Ser. 2014, 1.30%, due 9/1/54
|
450
|
(c)
|
||||
680
|
Jurupa Pub. Fin. Auth. Spec. Tax Rev., Ser. 2014-A, 5.00%, due 9/1/24
|
791
|
|||||
La Verne Cert. of Participation (Brethren Hillcrest Homes)
|
|||||||
315
|
Ser. 2014, 5.00%, due 5/15/26
|
333
|
|||||
500
|
Ser. 2014, 5.00%, due 5/15/29
|
522
|
|||||
1,105
|
Lodi Pub. Fin. Au. Lease Rev., Ser. 2012, 5.25%, due 10/1/26
|
1,201
|
|||||
2,000
|
Los Angeles Muni. Imp. Corp. Lease Ref. Rev. (Real Property), Ser. 2012-C, 5.00%, due 3/1/27
|
2,190
|
|||||
210
|
Mill Valley Sch. Dist. G.O. Cap. Appreciation, Ser. 1994-A, 0.00%, due 8/1/19
|
208
|
|||||
820
|
Mountain House Pub. Fin. Au. Utils. Sys. Rev., Ser. 2007, 5.00%, due 12/1/22
|
822
|
|||||
1,385
|
Ohlone Comm. College Dist. G.O. (Election 2010), Ser. 2014-B, 0.00%, due 8/1/29
|
964
|
|||||
1,490
|
Oxnard Harbor Dist. Rev., Ser. 2011-B, 4.50%, due 8/1/24
|
1,657
|
|||||
1,250
|
Palomar Hlth. Ref. Rev., Ser. 2016, 4.00%, due 11/1/39
|
1,214
|
|||||
1,500
|
Pico Rivera Pub. Fin. Au. Lease Rev., Ser. 2009, 4.75%, due 9/1/25 Pre-Refunded 9/1/19
|
1,528
|
|||||
1,000
|
Rancho Cucamonga Redev. Agcy. Successor Agcy. Tax Allocation Rev. (Rancho Redev. Proj.), Ser. 2014, (AGM Insured), 5.00%, due 9/1/27
|
1,162
|
|||||
Riverside Co. Comm. Facs. Dist. Spec. Tax Rev. (Scott Road)
|
|||||||
285
|
Ser. 2013, 4.00%, due 9/1/21
|
293
|
|||||
600
|
Ser. 2013, 5.00%, due 9/1/25
|
645
|
|||||
Riverside Co. Trans. Commission Toll Rev. Sr. Lien (Cap. Appreciation)
|
|||||||
1,320
|
Ser. 2013-B, 0.00%, due 6/1/22
|
1,194
|
|||||
1,500
|
Ser. 2013-B, 0.00%, due 6/1/23
|
1,313
|
|||||
Romoland Sch. Dist. Spec. Tax Ref. (Comm. Facs. Dist. Number 2006-1)
|
|||||||
100
|
Ser. 2017, 4.00%, due 9/1/29
|
103
|
|||||
200
|
Ser. 2017, 4.00%, due 9/1/30
|
206
|
|||||
525
|
Ser. 2017, 3.25%, due 9/1/31
|
503
|
|||||
1,700
|
Sacramento Area Flood Ctrl. Agcy. Ref. (Consol Capital Assessment Dist. Number 2), Ser. 2016-A, 5.00%, due 10/1/47
|
1,909
|
|||||
Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.)
|
|||||||
1,000
|
Ser. 2006-E, (AMBAC Insured), 5.25%, due 12/1/24
|
1,189
|
|||||
400
|
Ser. 2006-E, (AMBAC Insured), 5.25%, due 12/1/26
|
493
|
|||||
1,950
|
Sacramento Co. Arpt. Sys. Rev. Ref., Ser. 2018-C, 5.00%, due 7/1/33
|
2,255
|
|||||
500
|
Sacramento Spec. Tax (Natomas Meadows Comm. Facs. Dist. Number 2007-01), Ser. 2017, 5.00%, due 9/1/47
|
518
|
(a)
|
||||
San Francisco City & Co. Arpts. Commission Int'l Ref. Rev.
|
|||||||
|
750
|
Ser. 2009-D2, 3.00%, due 5/1/21
|
|
775
|
|||
1,000
|
Ser. 2009-C2, 5.00%, due 5/1/21
|
1,010
|
|||||
2,000
|
San Francisco City & Co. Unified Sch. Dist. Ref. Rev., Ser. 2012, 4.00%, due 6/15/25
|
2,061
|
|||||
435
|
San Jose Multi-Family Hsg. Rev. (Fallen Leaves Apts. Proj.), Ser. 2002-J1, (AMBAC Insured), 4.95%, due 12/1/22
|
435
|
|||||
San Juan Unified Sch. Dist. G.O.
|
|||||||
1,000
|
Ser. 2012-C, 4.00%, due 8/1/22
|
1,061
|
|||||
1,070
|
Ser. 2012-C, 4.00%, due 8/1/25
|
1,128
|
|||||
3,000
|
San Mateo Co. Joint Pwr. Fin. Au. Lease Rev. (Capital Proj.), Ser. 2018-A, 4.00%, due 7/15/52
|
3,062
|
|||||
685
|
San Mateo Foster City Sch. Dist. G.O. (Election 2015), Ser. 2016-A, 4.00%, due 8/1/29
|
761
|
|||||
San Mateo Union High Sch. Dist. G.O. (Election 2010)
|
|||||||
105
|
Ser. 2011-A, 0.00%, due 9/1/25
|
79
|
|||||
895
|
Ser. 2011-A, 0.00%, due 9/1/25 Pre-Refunded 9/1/21
|
677
|
|||||
1,390
|
San Rafael Redev. Agcy. Tax Allocation Ref. (Central San Rafael Redev. Proj.), Ser. 2009, (Assured Guaranty Insured), 5.00%, due 12/1/21
|
1,429
|
|||||
Santa Maria Bonita Sch. Dist. Cert. of Participation (New Sch. Construction Proj.)
|
|||||||
310
|
Ser. 2013, (BAM Insured), 3.25%, due 6/1/25
|
328
|
|||||
575
|
Ser. 2013, (BAM Insured), 3.50%, due 6/1/26
|
605
|
|||||
325
|
Ser. 2013, (BAM Insured), 3.50%, due 6/1/27
|
340
|
|||||
270
|
Ser. 2013, (BAM Insured), 3.50%, due 6/1/28
|
281
|
|||||
1,000
|
Santa Monica-Malibu Unified Sch. Dist. Ref. G.O., Ser. 2013, 3.00%, due 8/1/27
|
1,033
|
|||||
1,000
|
Successor Agcy. to the Monrovia Redev. Agcy. Tax Allocation Rev. (Cent. Redev. Proj.), Ser. 2013, 5.00%, due 8/1/26
|
1,084
|
|||||
255
|
Sulphur Springs Union Sch. Dist. Cert. of Participation Conv. Cap. Appreciation Bonds, Ser. 2010, (AGM Insured), 6.50%, due 12/1/37
|
280
|
|||||
1,145
|
Sulphur Springs Union Sch. Dist. Cert. of Participation Conv. Cap. Appreciation Bonds (Unrefunded), Ser. 2010, (AGM Insured), 6.50%, due 12/1/37
|
1,411
|
|||||
2,000
|
Sweetwater Union High Sch. Dist. Pub. Fin. Au. Rev., Ser. 2013, (BAM Insured), 5.00%, due 9/1/25
|
2,273
|
|||||
Vernon Elec. Sys. Rev.
|
|||||||
340
|
Ser. 2009-A, 5.13%, due 8/1/21 Pre-Refunded 8/1/19
|
346
|
|||||
735
|
Ser. 2009-A, 5.13%, due 8/1/21
|
746
|
|||||
3,000
|
Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C, 0.00%, due 8/1/37
|
3,771
|
(d)
|
||||
1,500
|
Vista Unified Sch. Dist. G.O., Ser. 2012, 5.00%, due 8/1/21
|
1,629
|
|||||
3,500
|
William S.Hart Union High Sch. Dist. G.O. Cap. Appreciation (Election 2001), Ser. 2005-B, (AGM Insured), 0.00%, due 9/1/26
|
2,934
|
|||||
2,250
|
Wiseburn Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-B, (AGM Insured), 0.00%, due 8/1/36
|
2,044
|
(e)
|
||||
123,668
|
|||||||
Georgia 0.7%
|
|||||||
600
|
Greene Co. Dev. Au. Swr. Fac. Rev., Ser. 2015, 6.13%, due 1/1/25
|
559
|
(a)(b)
|
||||
Guam 1.3%
|
|||||||
1,000
|
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25 Pre-Refunded 7/1/20
|
1,049
|
|||||
Illinois 2.3%
|
|||||||
1,000
|
Chicago Ref. G.O., Ser. 2003-B, 5.00%, due 1/1/23
|
1,056
|
|||||
750
|
Illinois St. G.O., Ser. 2013, 5.00%, due 7/1/23
|
798
|
|||||
1,854
|
|||||||
Louisiana 0.6%
|
|||||||
|
500
|
Louisiana Pub. Facs. Au. Rev. (Southwest Louisiana Charter Academy Foundation Proj.), Ser. 2013-A, 7.63%, due 12/15/28
|
|
526
|
|||
Nevada 1.3%
|
|||||||
1,000
|
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23 Pre-Refunded 6/15/19
|
1,021
|
|||||
New Jersey 1.0%
|
|||||||
750
|
New Jersey St. Econ. Dev. Au. Rev. (Continental Airlines, Inc., Proj.), Ser. 1999, 5.13%, due 9/15/23
|
809
|
|||||
New York 0.8%
|
|||||||
650
|
Build NYC Res. Corp. Rev., Ser. 2014, 5.25%, due 11/1/34
|
660
|
|||||
North Carolina 0.7%
|
|||||||
555
|
North Carolina Med. Care Commission Hlth. Care Fac. First Mtge. Rev. (Lutheran Svcs. for Aging, Inc.), Ser. 2012-A, 4.25%, due 3/1/24
|
576
|
|||||
Ohio 4.5%
|
|||||||
3,900
|
Buckeye Tobacco Settlement Fin. Au. Asset-Backed Sr. Rev. (Turbo), Ser. 2007-A-2, 5.88%, due 6/1/30
|
3,641
|
|||||
Pennsylvania 2.6%
|
|||||||
Pennsylvania St. Turnpike Commission Rev.
|
|||||||
285
|
Subser. 2010-B2, 6.00%, due 12/1/34 Pre-Refunded 12/1/20
|
307
|
|||||
305
|
Subser. 2010-B2, 6.00%, due 12/1/34 Pre-Refunded 12/1/20
|
328
|
|||||
1,410
|
Subser. 2010-B2, 6.00%, due 12/1/34 Pre-Refunded 12/1/20
|
1,518
|
|||||
2,153
|
|||||||
Puerto Rico 1.3%
|
|||||||
1,000
|
Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002-A, (AGM Insured), 5.25%, due 8/1/21
|
1,025
|
|||||
Tennessee 0.7%
|
|||||||
500
|
Tennessee St. Energy Acquisition Corp. Gas Rev. (Goldman Sachs Group, Inc.), Ser. 2006-A, 5.25%, due 9/1/23
|
555
|
|||||
Texas 0.8%
|
|||||||
300
|
Mission Econ. Dev. Corp. Wtr. Supply Rev. (Green Bond-Env. Wtr. Minerals Proj.), Ser. 2015, 7.75%, due 1/1/45
|
240
|
(a)(b)(f)
|
||||
450
|
New Hope Cultural Ed. Facs. Fin. Corp. Sr. Living Rev. (Bridgemoor Plano Proj.), Ser. 2018-A, 7.25%, due 12/1/53
|
451
|
|||||
691
|
|||||||
Total Investments 170.9% (Cost $132,427)
|
139,384
|
||||||
Other Assets Less Liabilities 1.4%
|
1,137
|
||||||
Liquidation Value of Variable Rate Municipal Term Preferred Shares (net of unamortized deferred offering costs of approximately $12,000) (72.3)%
|
(58,988)
|
||||||
Net Assets Applicable to Common Stockholders 100.0%
|
$81,533
|
(a)
|
Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from registration, may only be sold to qualified institutional investors or may have other restrictions on resale. At January 31, 2019, these securities amounted to approximately $16,527,000, which represents 20.3% of net assets applicable to common stockholders of the Fund. Securities denoted with (a) but without (b) have been deemed by the investment manager to be liquid.
|
|
(b)
|
Illiquid security.
|
|
(c)
|
Variable rate demand obligation where the stated interest rate is not based on a published reference rate and spread. Rather, the interest rate generally resets daily or weekly and is determined by the remarketing agent. The rate shown represents the rate in effect at January 31, 2019.
|
|
(d)
|
Currently a zero coupon security; will convert to 6.88% on August 1, 2019.
|
|
(e)
|
Currently a zero coupon security; will convert to 7.30% on August 1, 2026.
|
|
(f)
|
Defaulted Security.
|
The following is a summary, categorized by Level (see Notes to Schedule of Investments), of inputs used to value the Fund's investments as of January 31, 2019:
|
Asset Valuation Inputs
|
||||||||||||||||
(000's omitted)
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Investments:
|
||||||||||||||||
Municipal Notes(a)
|
$
|
—
|
$
|
139,384
|
$
|
—
|
$
|
139,384
|
||||||||
Total Investments
|
$
|
—
|
$
|
139,384
|
$
|
—
|
$
|
139,384
|
† |
In accordance with Accounting Standards Codification 820 “Fair Value Measurement” (“ASC 820”), all investments held by each of Neuberger Berman California Municipal Fund Inc., Neuberger Berman Municipal Fund Inc. and Neuberger Berman New York Municipal Fund Inc., (each individually a “Fund,” and collectively, the “Funds”) are carried at the value that Neuberger Berman Investment Advisers LLC ("Management") believes a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Funds' investments, some of which are discussed below. Significant Management judgment may be necessary to value investments in accordance with ASC 820.
|
• |
Level 1 – quoted prices in active markets for identical investments
|
• |
Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)
|
• |
Level 3 – unobservable inputs (including a Fund's own assumptions in determining the fair value of investments)
|
(a) |
Based on an evaluation of the disclosure controls and procedures (as defined in Rule 30a-3(c) under the 1940 Act), as of a date within 90 days of the filing date of this report, the Chief Executive Officer and President and the Treasurer and Principal Financial and Accounting Officer of the Registrant have concluded that such disclosure controls and procedures are effectively designed to ensure that information required to be disclosed by the Registrant on Form N-Q is accumulated and communicated to the Registrant’s management to allow timely decisions regarding required disclosure.
|
(b) |
There were no significant changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) 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:
|
/s/ Joseph V. Amato
|
|
Joseph V. Amato
|
||
Chief Executive Officer and President
|
By:
|
/s/ Joseph V. Amato
|
|
Joseph V. Amato
|
||
Chief Executive Officer and President
|
By:
|
/s/ John M. McGovern
|
|
John M. McGovern
|
||
Treasurer and Principal Financial
|
||
and Accounting Officer
|