Investments in Securities Coupon % Maturity Shares/Par Value ($) % of Net Assets

Transcription

1 T. Rowe Price California Tax-Free Bond Fund 09/30/2017 (Unaudited) Portfolio of Investments Investments in Securities Coupon % Maturity Shares/Par Value ($) % of Net Assets ABAG CA FA NCISL ODD FELLOWS SR A 5 4/1/32 2,700,000 3,112, % ABAG CA FA NCISL ODD FELLOWS SR A 5 4/1/42 1,000,000 1,140, % ABAG CA FIN AUTH SHARP HLTH A 5 8/1/43 4,000,000 4,473, % ALAMEDA CA CRRDR TRNSPT 2ND LIEN SER B 5 10/1/37 3,725,000 4,299, % ALAMEDA CA CRRDR TRNSPT SNR LN SR A 5 10/1/29 4,095,000 4,829, % ANAHEIM CA CMNT PLATIMUM TRIAN REF /1/36 4,000,000 4,171, % ANAHEIM CA HSG P&I ATH ELC UTL DST SER A 5 10/1/35 2,000,000 2,259, % ANAHEIM CA HSG P&I ATH ELC UTL DST SER A 5 10/1/41 2,225,000 2,507, % ANAHEIM CA PUB FING ELEC SYS DISTR SR A /1/36 2,500,000 2,825, % BAY AREA CA TOLL BRDG SR S6 5 10/1/54 4,500,000 5,128, % BAY AREA TOLL CA SAN FRAN AREA F1 PRE /1/44 3,000,000 3,210, % CA CMNTYS AMER BAPT HOMES SR A 5 10/1/43 1,250,000 1,335, % CA CO TOB LOS ANGELES CO SEC /1/21 1,815,000 1,829, % CA DEPT WTR PWR SUPPLY REMK PRE 5 5/1/22 3,000,000 3,074, % CA ED FAC AUTH PEPPERDINE UNIV 5 9/1/33 2,000,000 2,302, % CA EDL FACS AUTH REV CHAPMAN UNIV 5 4/1/31 1,750,000 1,944, % CA HLTH FACS CEDARS SINAI MED CTR PRE 5 8/15/39 2,525,000 2,714, % CA HLTH FACS FING ADVENTIST HLTH W B DLY /1/38 3,150,000 3,150, % CA HLTH FACS KAISER PERMANENTE SER D 5 11/1/32 5,550,000 6,502, % CA HLTH FACS PROVIDENCE SR C PRE /1/38 65,000 68, % CA HLTH FACS PROVIDENCE SR C PRE /1/38 3,385,000 3,575, % CA HLTH FAC ST JOSEPH HLTH SYS SR A 5 7/1/37 3,385,000 3,818, % CA INFRA& ECON DEV PEPPERDINE U PRE 5 11/1/28 430, , % CALIFORNIA ST 5 10/1/39 2,375,000 2,761, % CALIFORNIA ST 5 4/1/43 2,550,000 2,915, % CA MUN FIN SOLD WST REP SVCS PUT /1/21 3,000,000 3,000, % CA MUNI FIN AUTH AZUSA PACIFIC UNIV SR B 5 4/1/27 1,000,000 1,121, % CA MUNI FIN AUTH AZUSA PACIFIC UNIV SR B 5 4/1/28 1,000,000 1,112, % CA MUNI FIN AUTH AZUSA PACIFIC UNIV SR B 5 4/1/41 1,000,000 1,076, % CA MUNI FIN AUTH BAPTIST UNIV SR A 144A 5 11/1/36 1,920,000 2,066, % CA POLLUTN CTL SOLID WST AMT A 144A PUT /1/23 2,000,000 2,000, % CA PUB FIN AUTH REV HENRY MAYO NEWHALL 5 10/15/37 1,000,000 1,113, % CA PUB FIN AUTH REV HENRY MAYO NEWHALL 5 10/15/47 2,000,000 2,194, % CA PUB WKS BD JUDIC CNCL PRJ SR A 5 3/1/38 1,250,000 1,417, % CA PUB WKS BRD REGENTS UNI CA SR G PRE 5 12/1/28 4,000,000 4,624, % CARSON CA REDEV AGY TAX AREA 1 A PRE 7 10/1/36 1,250,000 1,399, % CA SCRIPPS HEALTH SER A /1/20 2,000,000 2,090, % CA ST 5 10/1/22 1,715,000 2,008, % CASTAIC CA USD CAP APPR 0 5/1/18 775, , % CA STATEWIDE CDA POLYTECHNIC SCH 5 12/1/29 2,500,000 2,703, % CA STATEWIDE CO ENLOE MED CTR PRE /15/38 1,365,000 1,423, % CA ST CMNTY DEV AUTH EDISON CO SR C REMK /1/33 4,000,000 4,116, % CA ST CMNTY DEV JOHN MUIR HLTH SER A 5 8/15/46 1,000,000 1,123, % CA ST CMNTY DEV JOHN MUIR HLTH SER A 5 8/15/51 1,750,000 1,958, % CA ST CMNTY DEV JOHN MUIR HLTH SER A 4 8/15/51 2,100,000 2,158, % CA ST CMTYS AMER BAPTIST HOMES WEST /1/39 2,690,000 2,900, % CA ST DEPT WTR CNTR VY PJ SER AS 5 12/1/29 2,140,000 2,569, % CA ST DEPT WTR CNTR VY PJ SER AS PRE 5 12/1/29 5,000 6, % CA ST ECON RECOV SER A PRE /1/21 1,590,000 1,709, % CA ST ECON RECOV SER A PRE /1/21 910, , % CA ST EDL FACS AUTH CHAPMAN UNIVERSITY 5 4/1/36 4,260,000 4,813, % CA ST EDU FACS AUTH REV REDLANDS SER A 5 10/1/26 245, , % CA ST EDU FACS AUTH REV REDLANDS SER A 5 10/1/27 200, , % CA ST EDU FACS AUTH REV REDLANDS SER A 5 10/1/28 400, , % CA ST EPISC CMNTY & SVCS 5 5/15/42 1,500,000 1,638, % CA ST FIN AUTH STU HSG BOWLES HALL SR A 5 6/1/35 300, , % CA ST FIN AUTH STU HSG BOWLES HALL SR A 5 6/1/50 2,250,000 2,453, % CA ST FIN SCH FA ASPIRE PUB SCHS 144A 5 8/1/41 2,000,000 2,201, % CA ST GO 5 11/1/43 2,300,000 2,662, % CA ST HFFA N CA PRESBYTERIAN HOMES & SVC 5 7/1/34 700, , % CA ST HFFA N CA PRESBYTERIAN HOMES & SVC 5 7/1/39 1,300,000 1,485, % CA ST HFFA N CA PRESBYTERIAN HOMES & SVC 5 7/1/44 1,400,000 1,589, % CA ST HFF AUTH REV CEDARS SINAI MED CTR 5 11/15/28 550, , % Page 1 of 5

2 CA ST HFF AUTH REV CEDARS SINAI MED CTR 5 11/15/29 6,870,000 8,219, % CA ST HFF AUTH REV SUTTER HEALTH SER A 5 11/15/38 2,000,000 2,348, % CA ST HLTH FACS ADVENTIST HLTH SYS SER A 4 3/1/39 4,500,000 4,656, % CA ST HLTH FACS FING PROVIDENCE SR A 5 10/1/38 5,000,000 5,781, % CA ST HLTH FACS LUCILE SALTER PAC SER A 5 11/15/56 3,350,000 3,839, % CA ST HLTH FAC STANFORD HOSP CLINIC SR A 5 8/15/42 2,500,000 2,856, % CA ST HLTH FAC SUTTER HLTH SR D /15/31 5,250,000 6,003, % CA ST HLTH FFA REV CEDAR SINAI MED CTR 5 8/15/21 1,000,000 1,144, % CA ST INFA & ECON ACADEMY MOTION PIC 5 11/1/41 2,840,000 3,280, % CA ST LOMA LINDA UNIV MD CTR A 144A 5 12/1/29 1,000,000 1,134, % CA ST MUNI FIN AUTH CHANNING HOUSE SER A 5 5/15/35 1,000,000 1,171, % CA ST MUNI FIN AUTH INST ON AGING PROJ 5 8/15/36 365, , % CA ST MUNI FIN AUTH INST ON AGING PROJ 5 8/15/37 315, , % CA ST MUNI FIN AUTH RTRMT HSG FDN SER A 5 11/15/29 390, , % CA ST MUNI FIN AUTH RTRMT HSG FDN SER A 5 11/15/31 750, , % CA ST MUNI FIN AUTH RTRMT HSG FDN SER A 5 11/15/32 425, , % CA ST MUNI SNR CARITAS AFFORD HSG SR A /15/39 500, , % CA ST MUNI SNR CARITAS AFFORD HSG SR A /15/49 1,425,000 1,562, % CA ST PUBLIC WORKS BD SER B 5 10/1/34 1,275,000 1,487, % CA ST PUB WKS ST UNIV PRJS SR B PRE /1/27 2,000,000 2,322, % CA ST PUB WKS ST UNIV PRJS SR B PRE 5 10/1/31 1,200,000 1,381, % CA ST PUB WRKS HOSP SER E 5 6/1/25 2,000,000 2,331, % CA ST SCDA REV SUTTER HLTH SR A 5 8/15/32 6,200,000 7,004, % CA ST SCDA SAN JOAQUIN GRDNS SR A 6 10/1/42 680, , % CA ST SCDA SAN JOAQUIN GRDNS SR A 6 10/1/47 2,500,000 2,728, % CA ST STWD CMNTY CULINARY INST PRJ SER B 5 7/1/36 1,000,000 1,105, % CA ST STWD CMNTY CULINARY INST PRJ SER B 5 7/1/41 1,560,000 1,715, % CA ST STWD CMNTY FRNT PORCH COM SER A 5 4/1/28 150, , % CA ST STWD CMNTY FRNT PORCH COM SER A 5 4/1/31 175, , % CA ST STWD CMNTY FRNT PORCH COM SER A 5 4/1/47 1,750,000 1,972, % CA ST UNIV REV SYSTEMWIDE SER A 4 11/1/37 3,000,000 3,171, % CA ST VAR PURP 5.5 3/1/40 2,000,000 2,201, % CA ST VAR PURP 5 4/1/37 5,000,000 5,761, % CA ST VAR PURP 5 9/1/31 3,000,000 3,429, % CA ST VAR PURP 5 9/1/31 2,500,000 2,933, % CA STWD CDA BAPT UNIV SER A 144A 5 11/1/41 1,000,000 1,077, % CA STWD CMNTY DEV TRINITY HLTH 5 12/1/41 3,735,000 4,152, % CA STWD CMNTYS DAR INSD ENLOE MED CTR 5 8/15/38 2,500,000 2,869, % CA STWD CMNTYS DEV 5 11/15/44 1,750,000 2,000, % CA STWD CMNTYS DEV 899 CHARLESTON /1/44 1,500,000 1,570, % CA STWD CMNTYS DEV COTTAGE HLTH SYS 5 11/1/43 7,000,000 7,783, % CA STWD CMNTYS HUNTINGTON MEM HOSP SR B 5 7/1/29 2,680,000 3,126, % CA STWD CMNTYS HUNTINGTON MEM HOSP SR B 5 7/1/44 2,750,000 3,082, % CA STWD CMNTYS KAISER PERM SR A 5 4/1/42 10,000,000 11,268, % CA STWD CMNTY STU HSG CHF IRVINE LLC 5 5/15/34 1,250,000 1,439, % CA STWD CMNTY STU HSG CHF IRVINE LLC 5 5/15/35 1,000,000 1,148, % CA STWD CMNTY STU HSG CHF IRVINE LLC 5 5/15/40 950,000 1,083, % CA STWD CMNTY STU HSG IRVINE ARPTS SER A 5 5/15/42 3,700,000 4,264, % CA STWD CMNTY STU HSG IRVINE ARPTS SER A 5 5/15/50 1,000,000 1,139, % CA STWD CMTNYS LOMA LINDA UNIV MD CTR A /1/54 2,500,000 2,746, % CA STWDE CMNTY DEV COTTAGE HLTH 5 11/1/40 2,850,000 3,043, % CA STWIDE CDA POLYTECHNIC SCH 5 12/1/34 1,050,000 1,132, % CA STWIDE KAISER PERM C1 VRDN 0.9 4/1/46 2,000,000 2,000, % CA UNIV REVS SR I 5 5/15/28 2,000,000 2,423, % CA USC EDL FACS AUTH REV SR A PRE /1/38 3,250,000 3,392, % CA WTR RES PWR SUPPLY REV SER L 5 5/1/22 760, , % CA WTR RES PWR SUPPLY REV SER L PRE 5 5/1/22 1,240,000 1,366, % CONTRA COSTA CA WTR DIST SER R 5 10/1/33 1,000,000 1,177, % DEL MAR CA RACE TRACK 5 10/1/35 1,665,000 1,839, % DEL MAR CA RACE TRACK 5 10/1/36 1,000,000 1,063, % GOLDEN ST TOBACCO STTLMT AST BCK SER A 5 6/1/34 3,500,000 4,056, % GOLDEN ST TOBACCO STTLMT AST BCK SR A 5 6/1/35 2,000,000 2,307, % GOLDEN TOB SR CONV A /1/37 2,000,000 2,010, % GUAM GOVT OBLG REV SECTION 30 A PRE /1/34 500, , % INLAND VLY CA AGY TAX ALLOC SER A /1/37 3,100,000 3,535, % INLAND VLY CA AGY TAX ALLOC SER A 5 9/1/44 4,600,000 5,093, % IRVINE CA SPL TAX GREAT PARK AREA 1 5 9/1/34 360, , % IRVINE CA SPL TAX GREAT PARK AREA 1 5 9/1/39 1,000,000 1,093, % IRVINE CA SPL TAX GREAT PARK AREA 1 5 9/1/44 1,500,000 1,629, % IRVINE CA UNIF SCH DIST SPL TAX SER B 5 9/1/47 1,300,000 1,465, % Page 2 of 5

3 IRVINE CA UNIF SCH DIST SPL TAX SER C 5 9/1/47 525, , % IRVINE CA UNIF SCH DIST SPL TAX SER D 5 3/1/57 2,100,000 2,321, % JEFFERSON CA /01/ /1/25 1,250,000 1,547, % JEFFERSON CA SAN MATEO HIGH SCH DIST SER /1/29 1,000,000 1,303, % JURUPA CA PUB FIN AUTH SPL TAX SR A 5 9/1/33 1,175,000 1,338, % LA CA DEPT OF APRTS AMT LA ARPT SER B 5 5/15/36 1,200,000 1,384, % LA CA DEPT OF APRTS LA ARPT SER B 5 5/15/42 930,000 1,083, % LA CA DEPT OF APRTS SUB SER A AMT 4 5/15/34 1,000,000 1,052, % LA CA DEPT OF APRTS SUB SER A AMT 4 5/15/36 1,000,000 1,046, % LA CA DEPT OF ARPTS SR LA INTL A 5 5/15/28 5,000,000 5,498, % LA CA DEPT WTR & PWR SR D 5 7/1/39 4,000,000 4,628, % LA CA DEPT WTR & PWR SYS SR A 5 7/1/29 4,500,000 5,245, % LA CA DEPT WTR & PWR WTRWKS SER A 5 7/1/31 1,350,000 1,610, % LA CA DEPT WTR & PWR WTRWKS SR B 5 7/1/43 2,500,000 2,816, % LA CA IMPT CORP LS REV REAL PPTY SR C 5 3/1/42 2,490,000 2,816, % LA CA MONTECEDRO PROJ SER A 5 11/15/44 2,595,000 2,930, % LA CA WSTWTR SYS REV SUB SR B 5 6/1/32 4,550,000 5,227, % LA CO CA PUB WKS AUTH LS REV SR A 5 12/1/33 2,825,000 3,322, % LA CO CA PUB WRK SR LN /1/18 175, , % LA CO CA SANTN FING DIST 14 SUB SER A 5 10/1/35 2,725,000 3,216, % LA VERNE CA BRETHREN HILLCREST HOMES 5 5/15/23 480, , % LA VERNE CA COPS BRETHREN HILLCREST 5 5/15/36 1,100,000 1,159, % LONG BCH CA NAT GAS PURCH REV SR A /15/37 2,000,000 2,534, % LONG BEACH CA HBR REV AMT SER A 5 5/15/37 1,300,000 1,508, % LONG BEACH CA MARINA REV 5 5/15/32 1,655,000 1,852, % LONG BEACH CA MARINA REV 5 5/15/45 2,500,000 2,721, % LOS ANGELES CA ARPT A /15/39 1,775,000 1,892, % LOS ANGELES CA COMM CLG SR A 4 8/1/33 2,325,000 2,497, % LOS ANGELES CA DEPT ARPT SER D AMT 5 5/15/36 1,500,000 1,709, % LOS ANGELES CA HARBOR SER A AMT 5 8/1/36 4,075,000 4,607, % LOS ANGELES CA INTL ARPT C PRE /15/33 5,500,000 5,649, % LOS ANGELES CA UNI SCH DIST SER A 4 7/1/34 3,750,000 4,026, % LOS ANGELES CO CA PUB WKS AUTH LS REV 5 8/1/42 2,000,000 2,256, % LOS ANGELES HARBOR ETM /1/18 410, , % MORGAN HILL CA REDEV AGY SER A 5 9/1/32 825, , % MORGAN HILL CA REDEV AGY SER A 5 9/1/33 2,175,000 2,517, % MT VIEW CA SHORELINE RGL PK CMNTY SR A /1/40 1,500,000 1,724, % NTHRN CA PWR HYDROELEC PRJ NO 1 SR A 5 7/1/32 1,400,000 1,587, % OAKLAND CA UNI SCH DIST ALAMEDA CO SER A 5 8/1/34 1,250,000 1,457, % OAKLAND CA UNI SCH DIST ALAMEDA CO SER A 5 8/1/35 1,210,000 1,407, % OCEANSIDE CA UNI SD CAP APP BDS 0 8/1/28 5,000,000 3,702, % ORANGE CNTY CA CFD ESENCIA VLG SER A /15/45 3,000,000 3,347, % ORANGE CO CA FACS DIST ESENCIA VLG SER A 5 8/15/36 2,000,000 2,257, % ORANGE CO CA SANT CTFS PARTN PRE 5 2/1/35 1,500,000 1,581, % PALM SPRING CA INTL ARPT AMT /1/28 365, , % PALM SPRINGS CA INTL ARPT AMT 6 7/1/18 55,000 55, % PALM SPRINGS CA INTL ARPT AMT 6.4 7/1/23 250, , % PALM SPRINGS CA INTL ARPT AMT 6.5 7/1/27 165, , % PALO ALTO CA IMPT BOND ACT /2/26 975,000 1,080, % PALO ALTO CA IMPT BOND ACT /2/27 500, , % PALO ALTO CA IMPT BOND ACT /2/28 585, , % PALOMAR POMERADO CA 2004 ELEC A 0 8/1/25 5,000,000 4,045, % PASADENA CA CTFS PARTN REF C PRE 5 2/1/33 1,980,000 2,008, % PASADENA CA PASADENA /1/18 295, , % PITTSBURG CA SUCCESSOR AGY SER A 5 9/1/28 3,000,000 3,576, % PITTSBURG CA SUCCESSOR AGY SER A 5 9/1/29 1,925,000 2,278, % PITTSBURG USD ELECTION 06 B PRE /1/39 2,400,000 2,495, % PORT OAKLAND CA INT LIEN A AMT 5 11/1/24 3,000,000 3,011, % PORT OAKLAND CA REF SR O AMT /1/30 1,325,000 1,451, % PORT OAKLAND CA REF SR O AMT /1/31 1,250,000 1,365, % RANCHO CUCAMONGA CA REDEV PROJ 5 9/1/28 2,700,000 3,179, % RANCHO CUCAMONGA CA REDEV PROJ 5 9/1/29 1,800,000 2,105, % RIDGECREST CA REDEV AGY TAX ALLOC /30/37 2,000,000 2,247, % RIVERSIDE CA AGY TAX DESERT CMNTY D PRE 6 10/1/37 2,225,000 2,552, % RIVERSIDE CA HSG SER A PRE 6 10/1/39 2,250,000 2,581, % RIVERSIDE CO CA 2ND LN INTST 215 SR E /1/26 250, , % RIVERSIDE CO REDEV TAX ALLOC INTST 215 S /1/40 1,000,000 1,162, % ROSEVILLE CA NAT GAS 5 2/15/26 1,000,000 1,149, % ROSEVILLE CA WTR UTIL REV PRE 5 12/1/19 750, , % ROSEVILLE NAT GAS 5 2/15/21 1,170,000 1,266, % Page 3 of 5

4 SACRAMENTO CA CITY FIN AUTH 5 12/1/28 1,320,000 1,582, % SACRAMENTO CA CITY FIN AUTH 5 12/1/30 1,000,000 1,188, % SACRAMENTO CA CITY FIN AUTH 5 12/1/31 1,380,000 1,634, % SACRAMENTO CA CITY FIN AUTH 5 12/1/34 2,275,000 2,656, % SACRAMENTO CA CITY LEASE REV B /1/20 4,205,000 4,450, % SACRAMENTO CA COGEN AUTH P&G 5 7/1/19 700, , % SACRAMENTO CA COGEN AUTH P&G /1/20 700, , % SACRAMENTO CNTY CA ARPT REV SER B AMT /1/28 5,000,000 5,173, % SACRAMENTO CO AIRPORT SYS SENIOR SER B 5 7/1/41 2,175,000 2,527, % SACRAMENTO CO CA AIRPORT SYS SUB SER B 5 7/1/41 2,275,000 2,613, % SACRAMENTO CO CA SAN DIST FING B /1/35 1,000, , % SAN BERNARDINO CA REDEV AGY SCR TAX SR A 5 12/1/25 1,275,000 1,552, % SAN BERNARDINO CA REDEV AGY SCR TAX SR A 5 12/1/31 1,945,000 2,301, % SAN BUENAVENTURA CA CMNTY MEM HLTH 8 12/1/31 1,300,000 1,566, % SAN CLEMENTE CA SPL TAX CFD /1/40 995,000 1,094, % SAN DIEGO CA FACS FING WTR A PRE /1/38 4,000,000 4,148, % SAN DIEGO CA PFFA LEASE REV SR A 5 4/15/37 4,000,000 4,545, % SAN DIEGO CA PUB FACS FING WTR REV SER B 5 8/1/28 3,600,000 4,429, % SAN DIEGO CA SWR REV SR B PRE 5.5 5/15/23 2,000,000 2,148, % SAN DIEGO CA WTR REV B PRE /1/35 3,500,000 3,802, % SAN DIEGO CNTY ARPT AUTH SR A 5 7/1/40 3,025,000 3,306, % SAN DIEGO CO CA REG ARPT SNR SR B AMT 5 7/1/38 2,000,000 2,206, % SAN DIEGO CO CA REGL ARP SUB REV SER A 5 7/1/47 1,800,000 2,087, % SAN FRAN ARPTS COMMN 5 5/1/40 2,000,000 2,168, % SAN FRAN CA AMT ARPTS COMMN 2ND SER B 5 5/1/46 5,000,000 5,687, % SAN FRAN CA ARPTS COMMN 2ND SER A 5 5/1/28 1,725,000 2,100, % SAN FRAN CA ARPTS COMMN 2ND SER A 5 5/1/29 1,000,000 1,207, % SAN FRAN CA BAY AREA RAPID TRAN DST SR A 5 7/1/20 535, , % SAN FRAN CA INTL AIRPTS SER E 6 5/1/39 3,000,000 3,236, % SAN FRANCISCO CA CMNTY CLG DIST 5 6/15/31 2,500,000 2,954, % SAN FRANCISCO CA TRANSPRTN AGY SR B 5 3/1/37 2,000,000 2,262, % SAN JOSE CA ARPT REV AMT SER A 5 3/1/41 2,000,000 2,296, % SAN JOSE CA ARPT REV AMT SER A 5 3/1/47 2,000,000 2,283, % SAN JOSE CA ARPT SR A AMT 5 3/1/24 1,170,000 1,389, % SAN JOSE CA ARPT SR A AMT 5 3/1/25 1,405,000 1,649, % SAN JOSE CA ARPT SR C 5 3/1/31 2,000,000 2,288, % SAN JOSE CA MF HSG EL PARADOR APT A AMT 6.1 1/1/31 1,235,000 1,236, % SAN JOSE CA REDEV HSGSET ASIDE SR A /1/35 2,100,000 2,293, % SAN MARCOS CA SUCCESSOR AGY TAX SER A 5 10/1/31 2,165,000 2,569, % SAN MARCOS CA SUCCESSOR AGY TAX SER A 5 10/1/32 850,000 1,004, % SAN MARCOS CA SUCCESSOR AGY TAX SER A 5 10/1/34 900,000 1,057, % SAN MATEO CA SPL TX BAY MEADOWS /1/38 2,000,000 2,175, % SAN MATEO CA SPL TX BAY MEADOWS 6 9/1/42 2,000,000 2,221, % SAN MATEO CO CA CAP PROJ MAPLE ST CC 5 6/15/31 1,075,000 1,258, % SANTA MARGARITA CA WTR VILLG OF SENDERO /1/36 1,205,000 1,352, % SANTA MONICA CA REDV AGY EARTHQK RECOV /1/36 1,390,000 1,615, % SANTA MONICA CA REDV AGY EARTHQK RECOV /1/42 1,500,000 1,742, % S CA PUB TWR AUTH 5 7/1/29 4,500,000 4,951, % SD CA REDEV AGY TAX ALLOC NVY TR A PRE 5.5 9/1/30 1,000,000 1,129, % SD CA REDEV AGY TAX ALLOC NVY TR A PRE /1/40 2,000,000 2,273, % SF CA C&C RFA MISSION BAY N SR C PRE 6.5 8/1/27 405, , % SF CA C&C RFA MISSION BAY N SR C PRE /1/33 410, , % SF CA C&C RFA MISSION BAY S SR D PRE /1/27 330, , % SF CA C&C RFA MISSION BAY S SR D PRE 7 8/1/33 500, , % SO CA PUB PWR AUTH REV A 5 7/1/35 2,000,000 2,188, % SO CA PUB PWR AUTH REV A 5 7/1/40 2,075,000 2,263, % TORRANCE CA REV TORRANCE MED CTR A 5 9/1/40 2,000,000 2,123, % TURLOCK CA IRR DIST REF SUB 1ST PRIORTY 5 1/1/41 3,000,000 3,452, % TURLOCK CA IRR DIST REF SUB 1ST PRIORTY 5 1/1/46 2,000,000 2,288, % UNIV CA REV GEN SR AK 5 5/15/48 3,700,000 4,399, % UNIV CA REV LTD PRJ SR G 5 5/15/37 2,040,000 2,317, % UNIV CA RGTS MED CTR POOLED SER L 4.5 5/15/36 1,900,000 2,096, % UNIV CA SER B1 DLY /15/32 700, , % UNIV OF CALIFORNIA CA REV SER M 5 5/15/47 3,800,000 4,427, % UNIV OF CA REV LTD PRJ SR G 5 5/15/30 2,000,000 2,312, % UNIV OF CA REV SER AR 5 5/15/33 3,960,000 4,723, % VI PFA REV SR LIEN B 5 10/1/25 2,000,000 1,419, % VI PUB FIN AUTH /1/37 850, , % WALNUT CA ENERGY REF A 5 1/1/35 3,000,000 3,219, % WA TWP HLTH CARE SER A /1/39 1,500,000 1,600, % Page 4 of 5

5 W SACRAMENTO CA TAX REV SR A 5 9/1/26 2,350,000 2,760, % Total Investments in Securities 620,136,306 NET ASSETS 628,316,221 NET ASSET VALUE PER SHARE California Tax-Free Bond Fund Shares ($620,409,482 / 53,758,063 Shares Outstanding) California Tax-Free Bond Fund - I Class Shares ($7,906,739 / 685,413 Shares Outstanding) ADR American Depository Receipts ADS American Depository Shares AR Auction Rate security with an interest rate reset feature through a modified Dutch auction at predetermined short-term intervals; rate shown is effective rate at period end ARM Adjustable Rate Mortgage BAN Bond Anticipation Note CDA Community Development Administration CLN Credit Linked Note CMO Collateralized Mortgage Obligation COP Certificate of Participation DOT Department of Transportation EFA Educational Facility Authority ETC Equipment Trust Certificate FDR Fiduciary Depository Receipt FRN Floating Rate Note GDR Global Depository Receipts GDS Global Depository Shares GO General Obligation HDA Housing Development Authority HEFA Health & Education Facility Authority HFA Health Facility Authority HFC Housing Finance Corp HFFA Health Facility Financing Authority HHEFA Health & Higher Education Facility Authority IDA Industrial Development Authority/Agency IDB Industrial Development Bond IDC Industrial Development Corp IDRB Industrial Development Revenue Bond IO Interest Only security for which the fund receives interest on notional principal (par) PCR Pollution Control Revenue PFA Public Finance Authority PIK Payment-in-kind PTC Pass-Through Certificate RAC Revenue Anticipation Certificate RAN Revenue Anticipation Note RAW Revenue Anticipation Warrant REIT Real Estate Investment Trust RIB Residual interest bond issued by a third party securitization trust and purchased directly through a cash transaction that involved no exchange of previously held securities; rate varies inversely to short-term rates and the rate presented is the effective rate at period-end STEP Stepped coupon bond for which the coupon rate of interest will adjust on specified future dates(s) TAN Tax Anticipation Note TAW Tax Anticipation Warrant TBA To Be Announced purchase commitment TDFA Trade & Deposit Facility Agreement TECP Tax-Exempt Commercial Paper TRAN Tax Revenue Anticipation Note VR Variable Rate; rate shown is effective rate at period end VRDN Variable Rate Demand Note under which the holder has the right to sell the security to the issuer or the issuer's agent at a predetermined price (generally par) on specified dates upon required notification; rate shown is effective rate at period-end Important Information The portfolio data contained herein is for informational purposes only and does not constitute a recommendation or an offer for a particular security or investment. Unlike the fund's regulatory filings, the portfolio data and its presentation in this document do not conform to Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) presentation requirements. The holdings are not audited and the information may differ in certain respects, such as derivatives exposure and security name, from the information found in the complete list of portfolio investments in the semiannual and annual shareholder reports and Form N-Q. Page 5 of 5