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Portfolio of Investments (Unaudited)
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|
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Nuveen California Select Quality Municipal Fund, Inc. (NVC)
|
|
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|
|
|
May 31, 2013
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|
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Principal
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|
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Optional Call
|
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|
Amount (000)
|
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Consumer Staples – 8.0% (5.5% of Total Investments)
|
|
|
|
$ 545
|
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma
|
6/15 at 100.00
|
BB+
|
$ 533,244
|
|
|
County Tobacco Securitization Corporation, Series 2005, 4.250%, 6/01/21
|
|
|
|
2,770
|
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds,
|
8/13 at 100.00
|
Baa1
|
2,780,803
|
|
|
Stanislaus County Tobacco Funding Corporation, Series 2002A, 5.500%, 6/01/33
|
|
|
|
|
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
|
|
|
|
|
Bonds, Series 2007A-1:
|
|
|
|
16,515
|
|
5.750%, 6/01/47
|
6/17 at 100.00
|
B
|
15,555,479
|
2,180
|
|
5.125%, 6/01/47
|
6/17 at 100.00
|
B
|
1,916,046
|
10,220
|
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
6/22 at 100.00
|
B
|
9,587,484
|
|
|
Bonds, Series 2007A-2, 5.300%, 6/01/37
|
|
|
|
32,230
|
|
Total Consumer Staples
|
|
|
30,373,056
|
|
|
Education and Civic Organizations – 4.5% (3.1% of Total Investments)
|
|
|
|
290
|
|
California Educational Facilities Authority, Revenue Bonds, University of Redlands, Series
|
10/15 at 100.00
|
A3
|
298,436
|
|
|
2005A, 5.000%, 10/01/35
|
|
|
|
2,165
|
|
California Educational Facilities Authority, Revenue Bonds, University of San Francisco,
|
10/21 at 100.00
|
A2
|
2,615,645
|
|
|
Series 2011, 6.125%, 10/01/36
|
|
|
|
535
|
|
California Educational Facilities Authority, Revenue Bonds, University of Southern California,
|
10/18 at 100.00
|
Aa1
|
817,582
|
|
|
Tender Option Bond Trust 09-11B, 18.149%, 10/01/38 (IF) (4)
|
|
|
|
|
|
California Educational Facilities Authority, Revenue Bonds, University of the Pacific,
|
|
|
|
|
|
Series 2006:
|
|
|
|
200
|
|
5.000%, 11/01/21
|
11/15 at 100.00
|
A2
|
215,476
|
270
|
|
5.000%, 11/01/25
|
11/15 at 100.00
|
A2
|
289,896
|
1,500
|
|
5.000%, 11/01/30
|
11/15 at 100.00
|
A2
|
1,605,555
|
1,740
|
|
California Infrastructure and Economic Development Bond Bank, Revenue Bonds, Scripps Research
|
7/15 at 100.00
|
Aa3
|
1,877,495
|
|
|
Institute, Series 2005A, 5.000%, 7/01/24
|
|
|
|
4,787
|
|
California State Public Works Board, Lease Revenue Bonds, University of California Regents,
|
3/18 at 100.00
|
Aa2
|
5,670,106
|
|
|
Tender Option Bond Trust 1065, 9.221%, 3/01/33 (IF)
|
|
|
|
1,385
|
|
California State University, Systemwide Revenue Bonds, Series 2005C, 5.000%, 11/01/27 –
|
11/15 at 100.00
|
Aa2
|
1,504,484
|
|
|
NPFG Insured
|
|
|
|
770
|
|
California Statewide Communities Development Authority, Charter School Revenue Bonds,
|
12/21 at 100.00
|
N/R
|
885,107
|
|
|
Rocketship 4 – Mosaic Elementary Charter School, Series 2011A, 8.500%, 12/01/41
|
|
|
|
1,300
|
|
California Statewide Communities Development Authority, School Facility Revenue Bonds,
|
7/21 at 100.00
|
BBB–
|
1,455,480
|
|
|
Alliance College-Ready Public Schools, Series 2011A, 7.000%, 7/01/46
|
|
|
|
14,942
|
|
Total Education and Civic Organizations
|
|
|
17,235,262
|
|
|
Health Care – 28.9% (19.9% of Total Investments)
|
|
|
|
1,750
|
|
ABAG Finance Authority for Non-Profit Corporations, California, Cal-Mortgage Insured Revenue
|
8/13 at 100.00
|
A
|
1,756,108
|
|
|
Bonds, Sansum-Santa Barbara Medical Foundation Clinic, Series 2002A, 5.500%, 4/01/21
|
|
|
|
1,455
|
|
California Health Facilities Financing Authority, Revenue Bonds, Rady Children’s Hospital –
|
8/21 at 100.00
|
A+
|
1,583,724
|
|
|
San Diego, Series 2011, 5.250%, 8/15/41
|
|
|
|
10,145
|
|
California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, Series 2007A,
|
11/16 at 100.00
|
AA–
|
10,702,062
|
|
|
5.250%, 11/15/46 (UB)
|
|
|
|
4,200
|
|
California Statewide Communities Development Authority, Revenue Bonds, Adventist Health System
|
3/15 at 100.00
|
A
|
4,423,860
|
|
|
West, Series 2005A, 5.000%, 3/01/35
|
|
|
|
12,125
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|
California Statewide Communities Development Authority, Revenue Bonds, Sutter Health, Series
|
8/20 at 100.00
|
AA–
|
14,461,366
|
|
|
2011A, 6.000%, 8/15/42
|
|
|
|
3,475
|
|
California Statewide Communities Development Authority, Revenue Bonds, ValleyCare Health
|
7/17 at 100.00
|
N/R
|
3,423,396
|
|
|
System, Series 2007A, 5.125%, 7/15/31
|
|
|
|
|
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California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity
|
|
|
|
|
|
Health System, Series 2005A:
|
|
|
|
1,500
|
|
5.250%, 7/01/24
|
7/15 at 100.00
|
BBB–
|
1,587,915
|
10,105
|
|
5.000%, 7/01/39
|
7/15 at 100.00
|
BBB–
|
10,413,910
|
5,190
|
|
California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,
|
8/16 at 100.00
|
A+
|
5,722,702
|
|
|
Series 2001C, 5.250%, 8/01/31
|
|
|
|
1,355
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|
California Statewide Community Development Authority, Revenue Bonds, Sherman Oaks Health
|
No Opt. Call
|
A1
|
1,485,080
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|
|
System, Series 1998A, 5.000%, 8/01/22 – AMBAC Insured
|
|
|
|
4,565
|
|
California Statewide Community Development Authority, Revenue Bonds, Sutter Health, Tender
|
11/16 at 100.00
|
AA–
|
5,567,246
|
|
|
Option Bond Trust 3102-4, 18.585%, 11/15/46 (IF) (4)
|
|
|
|
1,621
|
|
California Statewide Communities Development Authority, Revenue Bonds, Saint Joseph Health
|
7/18 at 100.00
|
AA–
|
2,144,388
|
|
|
System, Trust 2554, 18.368%, 7/01/47 – AGM Insured (IF)
|
|
|
|
1,000
|
|
Loma Linda, California, Hospital Revenue Bonds, Loma Linda University Medical Center, Series
|
12/15 at 100.00
|
BBB
|
1,015,180
|
|
|
2005A, 5.000%, 12/01/23
|
|
|
|
3,100
|
|
Loma Linda, California, Hospital Revenue Bonds, Loma Linda University Medical Center, Series
|
12/17 at 100.00
|
BBB
|
3,555,917
|
|
|
2008A, 8.250%, 12/01/38
|
|
|
|
|
|
Madera County, California, Certificates of Participation, Children’s Hospital Central
|
|
|
|
|
|
California, Series 2010:
|
|
|
|
1,195
|
|
5.500%, 3/15/36
|
3/15 at 100.00
|
A+
|
1,271,695
|
3,410
|
|
5.375%, 3/15/36
|
3/20 at 100.00
|
A+
|
3,701,964
|
6,200
|
|
Madera County, California, Certificates of Participation, Valley Children’s Hospital Project,
|
9/13 at 100.00
|
A
|
6,210,478
|
|
|
Series 1995, 5.750%, 3/15/28 – NPFG Insured
|
|
|
|
1,770
|
|
Newport Beach, California, Revenue Bonds, Hoag Memorial Hospital Presbyterian, Series 2011A,
|
12/21 at 100.00
|
AA
|
2,138,479
|
|
|
6.000%, 12/01/40
|
|
|
|
5,885
|
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009,
|
11/19 at 100.00
|
Baa3
|
6,565,306
|
|
|
6.750%, 11/01/39
|
|
|
|
5,800
|
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010,
|
11/20 at 100.00
|
Baa3
|
6,250,370
|
|
|
6.000%, 11/01/41
|
|
|
|
9,655
|
|
Rancho Mirage Joint Powers Financing Authority, California, Revenue Bonds, Eisenhower Medical
|
7/17 at 100.00
|
Baa2
|
9,805,908
|
|
|
Center, Series 2007A, 5.000%, 7/01/38
|
|
|
|
3,550
|
|
San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011,
|
12/21 at 100.00
|
BB
|
4,324,823
|
|
|
7.500%, 12/01/41
|
|
|
|
1,500
|
|
Upland, California, Certificates of Participation, San Antonio Community Hospital, Series
|
1/21 at 100.00
|
A
|
1,767,315
|
|
|
2011, 6.500%, 1/01/41
|
|
|
|
100,551
|
|
Total Health Care
|
|
|
109,879,192
|
|
|
Housing/Multifamily – 1.5% (1.0% of Total Investments)
|
|
|
|
2,085
|
|
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects
|
8/20 at 100.00
|
BBB
|
2,273,818
|
|
|
Series 2010A, 6.400%, 8/15/45
|
|
|
|
|
|
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects
|
|
|
|
|
|
Series 2012A:
|
|
|
|
275
|
|
5.125%, 8/15/32
|
8/22 at 100.00
|
BBB
|
291,222
|
525
|
|
5.500%, 8/15/47
|
8/22 at 100.00
|
BBB
|
556,862
|
1,500
|
|
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects
|
8/22 at 100.00
|
A1
|
1,577,340
|
|
|
Series 2012B, 7.250%, 8/15/47
|
|
|
|
1,000
|
|
Independent Cities Lease Finance Authority, California, Revenue Bonds, Morgan Hill, Hacienda
|
11/14 at 100.00
|
N/R
|
1,013,430
|
|
|
Valley Mobile Home Park, Series 2004A, 5.950%, 11/15/39
|
|
|
|
5,385
|
|
Total Housing/Multifamily
|
|
|
5,712,672
|
|
|
Housing/Single Family – 0.5% (0.3% of Total Investments)
|
|
|
|
1,590
|
|
California Housing Finance Agency, California, Home Mortgage Revenue Bonds, Series 2007G,
|
2/17 at 100.00
|
BBB
|
1,570,268
|
|
|
5.050%, 2/01/29 (Alternative Minimum Tax)
|
|
|
|
270
|
|
California Housing Finance Agency, Home Mortgage Revenue Bonds, Series 2006H, 5.750%, 8/01/30 –
|
2/16 at 100.00
|
BBB
|
282,469
|
|
|
FGIC Insured (Alternative Minimum Tax)
|
|
|
|
1,860
|
|
Total Housing/Single Family
|
|
|
1,852,737
|
|
|
Industrials – 1.2% (0.8% of Total Investments)
|
|
|
|
4,055
|
|
California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Republic
|
No Opt. Call
|
BBB
|
4,541,519
|
|
|
Services Inc., Series 2002C, 5.250%, 6/01/23 (Mandatory put 12/01/17) (Alternative Minimum Tax)
|
|
|
|
|
|
Tax Obligation/General – 31.6% (21.7% of Total Investments)
|
|
|
|
2,010
|
|
California State, General Obligation Bonds, Series 2003, 5.250%, 2/01/22 – SYNCORA GTY Insured
|
8/13 at 100.00
|
A1
|
2,025,216
|
140
|
|
California State, General Obligation Bonds, Various Purpose Series 2000, 5.625%, 5/01/22 –
|
8/13 at 100.00
|
Aaa
|
140,598
|
|
|
FGIC Insured
|
|
|
|
|
|
California State, General Obligation Bonds, Various Purpose Series 2009:
|
|
|
|
15,000
|
|
6.000%, 11/01/39
|
11/19 at 100.00
|
A1
|
18,020,400
|
3,500
|
|
5.500%, 11/01/39
|
11/19 at 100.00
|
A1
|
4,034,765
|
|
|
California State, General Obligation Bonds, Various Purpose Series 2010:
|
|
|
|
2,000
|
|
6.000%, 3/01/33
|
3/20 at 100.00
|
A1
|
2,446,820
|
7,605
|
|
5.250%, 11/01/40
|
11/20 at 100.00
|
A1
|
8,656,467
|
|
|
California State, General Obligation Bonds, Various Purpose Series 2011:
|
|
|
|
13,000
|
|
5.000%, 9/01/41
|
9/21 at 100.00
|
A1
|
14,099,930
|
9,135
|
|
5.000%, 10/01/41
|
10/21 at 100.00
|
A1
|
9,914,672
|
|
|
California State, General Obligation Bonds, Various Purpose Series 2012:
|
|
|
|
3,000
|
|
5.250%, 2/01/28
|
2/22 at 100.00
|
A1
|
3,463,350
|
2,215
|
|
5.250%, 2/01/29
|
2/22 at 100.00
|
A1
|
2,548,070
|
3,000
|
|
5.000%, 4/01/42
|
4/22 at 100.00
|
A1
|
3,264,330
|
4,500
|
|
California State, General Obligation Bonds, Various Purpose Series 2013, 5.000%, 4/01/37
|
4/23 at 100.00
|
A1
|
4,995,945
|
3,850
|
|
Coachella Valley Unified School District, Riverside County, California, General Obligation
|
8/15 at 100.00
|
A1
|
4,105,332
|
|
|
Bonds, Series 2005A, 5.000%, 8/01/30 – FGIC Insured
|
|
|
|
2,000
|
|
Coast Community College District, Orange County, California, General Obligation Bonds, Series
|
8/18 at 100.00
|
Aa1
|
2,145,740
|
|
|
2006C, 0.000%, 8/01/31 – AGM Insured
|
|
|
|
1,030
|
|
Folsom Cordova Unified School District, Sacramento County, California, General Obligation
|
10/14 at 100.00
|
AA–
|
1,089,380
|
|
|
Bonds, School Facilities Improvement District 2, Series 2004B, 5.000%, 10/01/25 – AGM Insured
|
|
|
|
|
|
Fontana Unified School District, San Bernardino County, California, General Obligation Bonds,
|
|
|
|
|
|
Refunding Series 2004:
|
|
|
|
1,470
|
|
5.250%, 5/01/19 – NPFG Insured
|
5/14 at 100.00
|
Aa3
|
1,529,697
|
1,040
|
|
5.250%, 5/01/20 – NPFG Insured
|
5/14 at 100.00
|
Aa3
|
1,082,234
|
4,000
|
|
Long Beach Community College District, California, General Obligation Bonds, Series 2005B,
|
5/15 at 100.00
|
Aa2
|
4,243,080
|
|
|
5.000%, 5/01/30 – FGIC Insured
|
|
|
|
3,915
|
|
Los Angeles Unified School District, California, General Obligation Bonds, Series 2005A-2,
|
7/15 at 100.00
|
Aa2
|
4,241,276
|
|
|
5.000%, 7/01/24 – NPFG Insured
|
|
|
|
6,000
|
|
North Orange County Community College District, California, General Obligation Bonds, Series
|
No Opt. Call
|
Aa1
|
3,469,080
|
|
|
2003B, 0.000%, 8/01/27 – FGIC Insured
|
|
|
|
5,000
|
|
Puerto Rico, General Obligation and Public Improvement Bonds, Series 2002A, 5.500%, 7/01/20 –
|
No Opt. Call
|
A
|
5,304,950
|
|
|
NPFG Insured
|
|
|
|
3,245
|
|
Southwestern Community College District, San Diego County, California, General Obligation
|
8/21 at 100.00
|
Aa2
|
3,710,852
|
|
|
Bonds, Election of 2008, Series 2011C, 5.250%, 8/01/36
|
|
|
|
16,150
|
|
Sylvan Union School District, Stanislaus County, California, General Obligation Bonds,
|
No Opt. Call
|
AA–
|
6,440,620
|
|
|
Election of 2006, Series 2010, 0.000%, 8/01/49 – AGM Insured
|
|
|
|
20,860
|
|
Yosemite Community College District, California, General Obligation Bonds, Capital
|
No Opt. Call
|
Aa2
|
8,813,976
|
|
|
Appreciation, Election 2004, Series 2010D, 0.000%, 8/01/42
|
|
|
|
133,665
|
|
Total Tax Obligation/General
|
|
|
119,786,780
|
|
|
Tax Obligation/Limited – 31.1% (21.4% of Total Investments)
|
|
|
|
3,370
|
|
Bell Community Redevelopment Agency, California, Tax Allocation Bonds, Bell Project Area,
|
10/13 at 100.00
|
N/R
|
3,369,730
|
|
|
Series 2003, 5.500%, 10/01/23 – RAAI Insured
|
|
|
|
2,000
|
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series
|
10/19 at 100.00
|
A2
|
2,299,460
|
|
|
2009G-1, 5.750%, 10/01/30
|
|
|
|
4,860
|
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series
|
11/19 at 100.00
|
A2
|
5,971,045
|
|
|
2009-I, 6.375%, 11/01/34
|
|
|
|
2,415
|
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series
|
No Opt. Call
|
A2
|
2,661,644
|
|
|
2012G, 5.000%, 11/01/31
|
|
|
|
730
|
|
Capistrano Unified School District, Orange County, California, Special Tax Bonds, Community
|
9/15 at 100.00
|
A
|
750,900
|
|
|
Facilities District, Series 2005, 5.000%, 9/01/24 – FGIC Insured
|
|
|
|
1,000
|
|
Coachella Valley Unified School District, Riverside County, California, Certificates of
|
9/16 at 100.00
|
N/R
|
1,013,990
|
|
|
Participation, Series 2007, 5.000%, 9/01/31 – AMBAC Insured
|
|
|
|
1,500
|
|
Commerce Joint Power Financing Authority, California, Tax Allocation Bonds, Redevelopment
|
8/13 at 100.00
|
BBB
|
1,501,440
|
|
|
Projects 2 and 3, Refunding Series 2003A, 5.000%, 8/01/28 – RAAI Insured
|
|
|
|
3,000
|
|
Coronado Community Development Agency, California, Tax Allocation Bonds, Community Development
|
9/15 at 100.00
|
AA–
|
3,197,730
|
|
|
Project, Series 2005, 5.000%, 9/01/30 – AMBAC Insured
|
|
|
|
1,115
|
|
Dinuba Redevelopment Agency, California, Tax Allocation Bonds, Merged City of Dinuba
|
9/13 at 102.00
|
A
|
1,124,466
|
|
|
Redevelopment Project and Dinuba Redevelopment Project 2, As Amended, Series 2003, 5.000%,
|
|
|
|
|
|
9/01/33 – NPFG Insured
|
|
|
|
1,530
|
|
Fontana Redevelopment Agency, California, Jurupa Hills Redevelopment Project, Tax Allocation
|
10/13 at 100.00
|
A–
|
1,535,829
|
|
|
Refunding Bonds, 1997 Series A, 5.500%, 10/01/27
|
|
|
|
2,500
|
|
Gilroy School Facilities Financing Authority, Santa Clara County, California, Revenue Bonds,
|
8/23 at 100.00
|
Aa3
|
2,675,100
|
|
|
Series 2013A, 5.000%, 8/01/46
|
|
|
|
|
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
|
|
|
|
|
|
Asset-Backed Revenue Bonds, Tender Option Bonds Trust 2215:
|
|
|
|
1,940
|
|
13.890%, 6/01/45 – FGIC Insured (IF)
|
6/15 at 100.00
|
A2
|
2,258,315
|
1,355
|
|
13.890%, 6/01/45 – FGIC Insured (IF)
|
6/15 at 100.00
|
A2
|
1,561,231
|
1,785
|
|
Hawthorne Community Redevelopment Agency, California, Project Area 2 Tax Allocation Bonds,
|
9/16 at 100.00
|
N/R
|
1,876,428
|
|
|
Series 2006, 5.250%, 9/01/36 – SYNCORA GTY Insured
|
|
|
|
1,500
|
|
Hesperia Unified School District, San Bernardino County, California, Certificates of
|
2/17 at 100.00
|
A–
|
1,531,860
|
|
|
Participation, Capital Improvement, Series 2007, 5.000%, 2/01/41 – AMBAC Insured
|
|
|
|
1,000
|
|
Hesperia Unified School District, San Bernardino County, California, Certificates of
|
2/23 at 100.00
|
AA
|
1,056,050
|
|
|
Participation, Series 2013A, 5.000%, 2/01/38 – BAM Insured
|
|
|
|
435
|
|
Indian Wells Redevelopment Agency, California, Tax Allocation Bonds, Consolidated Whitewater
|
9/13 at 100.00
|
BBB–
|
436,492
|
|
|
Project Area, Series 2003A, 5.000%, 9/01/20 – AMBAC Insured
|
|
|
|
1,345
|
|
Inglewood Redevelopment Agency, California, Tax Allocation Bonds, Merged Redevelopment
|
5/17 at 100.00
|
BB+
|
1,387,852
|
|
|
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:
|
|
|
|
330
|
|
5.000%, 9/01/26
|
9/16 at 100.00
|
N/R
|
340,646
|
760
|
|
5.125%, 9/01/36
|
9/16 at 100.00
|
N/R
|
776,925
|
3,000
|
|
La Quinta Redevelopment Agency, California, Tax Allocation Bonds, Redevelopment Project Area 1,
|
9/13 at 100.00
|
A+
|
3,019,740
|
|
|
Series 2001, 5.000%, 9/01/21 – AMBAC Insured
|
|
|
|
4,315
|
|
Los Angeles Community Redevelopment Agency, California, Lease Revenue Bonds, Manchester Social
|
9/15 at 100.00
|
A1
|
4,495,971
|
|
|
Services Project, Series 2005, 5.000%, 9/01/37 – AMBAC Insured
|
|
|
|
8,175
|
|
Los Angeles Municipal Improvement Corporation, California, Lease Revenue Bonds, Police
|
1/17 at 100.00
|
A+
|
8,472,897
|
|
|
Headquarters, Series 2006A, 4.750%, 1/01/31 – FGIC Insured
|
|
|
|
1,895
|
|
Murrieta, California, Special Tax Bonds, Community Facilities District 2000-2, The Oaks
|
9/14 at 100.00
|
N/R
|
1,922,364
|
|
|
Improvement Area A, Series 2004A, 5.900%, 9/01/27
|
|
|
|
735
|
|
National City Community Development Commission, California, Tax Allocation Bonds, National
|
8/21 at 100.00
|
A–
|
910,004
|
|
|
City Redevelopment Project, Series 2011, 6.500%, 8/01/24
|
|
|
|
275
|
|
Novato Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field Redevelopment
|
9/21 at 100.00
|
BBB+
|
318,665
|
|
|
Project, Series 2011, 6.750%, 9/01/40
|
|
|
|
2,580
|
|
Oakland Redevelopment Agency, California, Subordinate Lien Tax Allocation Bonds, Central
|
8/13 at 100.00
|
A
|
2,586,992
|
|
|
District Redevelopment Project, Series 2003, 5.500%, 9/01/18 – FGIC Insured
|
|
|
|
3,605
|
|
Oakland State Building Authority, California, Lease Revenue Bonds, Elihu M. Harris State
|
10/13 at 100.00
|
A2
|
3,608,821
|
|
|
Office Building, Series 1998A, 5.000%, 4/01/23 – AMBAC Insured
|
|
|
|
695
|
|
Ontario Redevelopment Financing Authority, California, Lease Revenue Bonds, Capital Projects,
|
8/13 at 100.00
|
AA–
|
700,539
|
|
|
Series 2001, 5.250%, 8/01/18 – AMBAC Insured
|
|
|
|
1,000
|
|
Orange County, California, Special Tax Bonds, Community Facilities District 03-1 of Ladera
|
8/13 at 100.00
|
N/R
|
1,003,360
|
|
|
Ranch, Series 2004A, 5.500%, 8/15/24
|
|
|
|
5,000
|
|
Palm Springs Financing Authority, California, Lease Revenue Bonds, Convention Center Project,
|
11/14 at 102.00
|
A
|
5,192,800
|
|
|
Refunding Series 2004A, 5.500%, 11/01/35 – NPFG Insured
|
|
|
|
1,120
|
|
Panama-Buena Vista Union School District, California, Certificates of Participation, School
|
9/16 at 100.00
|
A
|
1,197,605
|
|
|
Construction Project, Series 2006, 5.000%, 9/01/23 – NPFG Insured
|
|
|
|
|
|
Perris Union High School District Financing Authority, Riverside County, California, Revenue
|
|
|
|
|
|
Bonds, Series 2011:
|
|
|
|
225
|
|
6.000%, 9/01/33
|
9/13 at 100.00
|
N/R
|
232,337
|
530
|
|
6.125%, 9/01/41
|
9/13 at 100.00
|
N/R
|
547,119
|
2,000
|
|
Pico Rivera Water Authority, California, Revenue Bonds, Series 2001A, 6.250%, 12/01/32
|
12/13 at 100.00
|
N/R
|
2,013,180
|
4,930
|
|
Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community
|
9/18 at 100.00
|
BBB–
|
5,350,085
|
|
|
Development Project, Refunding Series 2008A, 6.500%, 9/01/28
|
|
|
|
8,750
|
|
Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community
|
No Opt. Call
|
A
|
5,656,438
|
|
|
Development Project, Series 1999, 0.000%, 8/01/23 – AMBAC Insured
|
|
|
|
890
|
|
Rancho Santa Fe CSD Financing Authority, California, Revenue Bonds, Superior Lien Series
|
9/21 at 100.00
|
BBB+
|
1,015,926
|
|
|
2011A, 5.750%, 9/01/30
|
|
|
|
635
|
|
Rialto Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series
|
9/15 at 100.00
|
A–
|
637,292
|
|
|
2005A, 5.000%, 9/01/35 – SYNCORA GTY Insured
|
|
|
|
160
|
|
Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project
|
10/21 at 100.00
|
A–
|
181,664
|
|
|
Area, Series 2011B, 6.500%, 10/01/25
|
|
|
|
55
|
|
Riverside Public Financing Authority, California, Revenue Bonds, Multiple Project Loans,
|
8/13 at 100.00
|
N/R
|
55,339
|
|
|
Series 1991A, 8.000%, 2/01/18
|
|
|
|
820
|
|
Roseville, California, Certificates of Participation, Public Facilities, Series 2003A, 5.000%,
|
8/13 at 100.00
|
AA–
|
824,863
|
|
|
8/01/25 – AMBAC Insured
|
|
|
|
1,135
|
|
San Diego County Regional Transportation Commission, California, Sales Tax Revenue Bonds,
|
4/22 at 100.00
|
AAA
|
1,264,719
|
|
|
Series 2012A, 5.000%, 4/01/42
|
|
|
|
130
|
|
San Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds,
|
2/21 at 100.00
|
A–
|
154,103
|
|
|
Mission Bay North Redevelopment Project, Series 2011C, 6.750%, 8/01/41
|
|
|
|
|
|
San Francisco Redevelopment Financing Authority, California, Tax Allocation Revenue Bonds,
|
|
|
|
|
|
Mission Bay South Redevelopment Project, Series 2011D:
|
|
|
|
130
|
|
7.000%, 8/01/33
|
2/21 at 100.00
|
BBB
|
151,178
|
165
|
|
7.000%, 8/01/41
|
2/21 at 100.00
|
BBB
|
189,179
|
2,200
|
|
San Jose Financing Authority, California, Lease Revenue Refunding Bonds, Convention Center
|
9/13 at 100.00
|
AA
|
2,208,624
|
|
|
Project, Series 2001F, 5.000%, 9/01/20 – NPFG Insured
|
|
|
|
875
|
|
San Jose Redevelopment Agency, California, Housing Set-Aside Tax Allocation Bonds, Merged Area
|
8/20 at 100.00
|
A
|
952,621
|
|
|
Redevelopment Project, Series 2010A-1, 5.500%, 8/01/35
|
|
|
|
1,260
|
|
San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment
|
8/13 at 100.00
|
A
|
1,260,151
|
|
|
Project, Series 2003, 4.900%, 8/01/33 – FGIC Insured
|
|
|
|
|
|
San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment
|
|
|
|
|
|
Project, Series 2006C:
|
|
|
|
1,100
|
|
5.000%, 8/01/24 – NPFG Insured
|
8/17 at 100.00
|
A
|
1,137,928
|
1,215
|
|
5.000%, 8/01/25 – NPFG Insured
|
8/17 at 100.00
|
A
|
1,254,074
|
2,860
|
|
Santa Ana Community Redevelopment Agency, California, Tax Allocation Bonds, Merged Project
|
3/21 at 100.00
|
A+
|
3,483,795
|
|
|
Area, Series 2011A, 6.750%, 9/01/28
|
|
|
|
4,625
|
|
Santa Clara Redevelopment Agency, California, Tax Allocation Bonds, Bayshore North Project,
|
12/13 at 100.00
|
A
|
4,719,535
|
|
|
Series 2003, 5.000%, 6/01/17 – NPFG Insured
|
|
|
|
220
|
|
Signal Hill Redevelopment Agency, California, Project 1 Tax Allocation Bonds, Series 2011,
|
4/21 at 100.00
|
N/R
|
243,850
|
|
|
7.000%, 10/01/26
|
|
|
|
3,900
|
|
Ventura County Public Financing Authority, California, Lease Revenue Bonds Series 2013A,
|
11/22 at 100.00
|
AA
|
4,269,057
|
|
|
5.000%, 11/01/38
|
|
|
|
6,870
|
|
Vernon Redevelopment Agency, California, Tax Allocation Bonds, Industrial Redevelopment
|
9/15 at 100.00
|
A
|
6,918,846
|
|
|
Project, Series 2005, 5.000%, 9/01/35 – NPFG Insured
|
|
|
|
2,175
|
|
Washington Unified School District, Yolo County, California, Certificates of Participation,
|
8/17 at 100.00
|
A
|
2,287,121
|
|
|
Series 2007, 5.125%, 8/01/37 – AMBAC Insured
|
|
|
|
385
|
|
Yorba Linda Redevelopment Agency, Orange County, California, Tax Allocation Revenue Bonds,
|
9/21 at 100.00
|
A–
|
444,625
|
|
|
Yorba Linda Redevelopment Project, Subordinate Lien Series 2011A, 6.000%, 9/01/26
|
|
|
|
115,105
|
|
Total Tax Obligation/Limited
|
|
|
118,210,540
|
|
|
Transportation – 5.0% (3.5% of Total Investments)
|
|
|
|
8,300
|
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series
|
7/13 at 100.00
|
A
|
8,299,253
|
|
|
1995A, 5.000%, 1/01/35 – NPFG Insured
|
|
|
|
10,500
|
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Refunding
|
1/14 at 101.00
|
BBB–
|
10,707,375
|
|
|
Bonds, Series 1999, 5.875%, 1/15/29
|
|
|
|
18,800
|
|
Total Transportation
|
|
|
19,006,628
|
|
|
U.S. Guaranteed – 9.5% (6.5% of Total Investments) (5)
|
|
|
|
2,210
|
|
Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series
|
4/16 at 100.00
|
AA (5)
|
2,488,084
|
|
|
2006F, 5.000%, 4/01/31 (Pre-refunded 4/01/16) (UB)
|
|
|
|
2,610
|
|
California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, North
|
7/13 at 100.00
|
Aaa
|
2,893,890
|
|
|
County Recycling Center, Series 1991A, 6.750%, 7/01/17 (ETM)
|
|
|
|
|
|
California State Public Works Board, Lease Revenue Bonds, Department of Mental Health,
|
|
|
|
|
|
Coalinga State Hospital, Series 2004A:
|
|
|
|
4,000
|
|
5.500%, 6/01/21 (Pre-refunded 6/01/14)
|
6/14 at 100.00
|
AA+ (5)
|
4,210,080
|
2,000
|
|
5.500%, 6/01/23 (Pre-refunded 6/01/14)
|
6/14 at 100.00
|
AA+ (5)
|
2,105,040
|
|
|
California State, General Obligation Bonds, Series 2003:
|
|
|
|
1,900
|
|
5.250%, 2/01/22 (Pre-refunded 8/01/13)
|
8/13 at 100.00
|
Aaa
|
1,915,941
|
990
|
|
5.250%, 2/01/22 (Pre-refunded 8/01/13) – AGM Insured
|
8/13 at 100.00
|
Aaa
|
998,306
|
100
|
|
5.250%, 2/01/22 (Pre-refunded 8/01/13) – SYNCORA GTY Insured
|
8/13 at 100.00
|
Aaa
|
100,839
|
4,000
|
|
Imperial Irrigation District, California, Certificates of Participation, Electric System
|
11/13 at 100.00
|
AA– (5)
|
4,084,000
|
|
|
Revenue Bonds, Series 2003, 5.250%, 11/01/23 (Pre-refunded 11/01/13) – AGM Insured
|
|
|
|
1,025
|
|
Los Angeles, California, Sanitation Equipment Charge Revenue Bonds, Series 2004A, 5.000%,
|
2/14 at 100.00
|
AA (5)
|
1,057,462
|
|
|
2/01/22 (Pre-refunded 2/01/14) – AMBAC Insured
|
|
|
|
|
|
Los Rios Community College District, Sacramento, El Dorado and Yolo Counties, California,
|
|
|
|
|
|
General Obligation Bonds, Series 2006C:
|
|
|
|
2,710
|
|
5.000%, 8/01/25 (Pre-refunded 8/01/14) – AGM Insured (UB)
|
8/14 at 102.00
|
Aa2 (5)
|
2,913,900
|
3,875
|
|
5.000%, 8/01/26 (Pre-refunded 8/01/14) – AGM Insured (UB)
|
8/14 at 102.00
|
Aa2 (5)
|
4,166,555
|
3,750
|
|
Metropolitan Water District of Southern California, Water Revenue Bonds, Series 2004B-3,
|
10/14 at 100.00
|
AAA
|
3,986,400
|
|
|
5.000%, 10/01/29 (Pre-refunded 10/01/14) – NPFG Insured
|
|
|
|
2,000
|
|
Puerto Rico Public Finance Corporation, Commonwealth Appropriation Bonds, Series 2002E,
|
No Opt. Call
|
AA+ (5)
|
2,751,300
|
|
|
6.000%, 8/01/26 – AGC Insured (ETM)
|
|
|
|
585
|
|
Roseville Joint Union High School District, Placer County, California, General Obligation
|
8/15 at 100.00
|
AA (5)
|
643,190
|
|
|
Bonds, Series 2006B, 5.000%, 8/01/27 (Pre-refunded 8/01/15) – FGIC Insured
|
|
|
|
1,365
|
|
San Mateo Union High School District, San Mateo County, California, Certificates of
|
12/17 at 100.00
|
AA– (5)
|
1,619,354
|
|
|
Participation, Phase 1, Series 2007A, 5.000%, 12/15/30 (Pre-refunded 12/15/17) – AMBAC Insured
|
|
|
|
33,120
|
|
Total U.S. Guaranteed
|
|
|
35,934,341
|
|
|
Utilities – 9.4% (6.5% of Total Investments)
|
|
|
|
2,000
|
|
Anaheim Public Finance Authority, California, Revenue Refunding Bonds, Electric Generating
|
7/13 at 100.00
|
AA–
|
2,007,960
|
|
|
System, Series 2002B, 5.250%, 10/01/18 – AGM Insured
|
|
|
|
1,810
|
|
Anaheim Public Finance Authority, California, Second Lien Electric Distribution Revenue Bonds,
|
10/14 at 100.00
|
AA–
|
1,917,967
|
|
|
Series 2004, 5.250%, 10/01/21 – NPFG Insured
|
|
|
|
10,350
|
|
California Pollution Control Financing Authority, Revenue Bonds, San Diego Gas and Electric
|
No Opt. Call
|
Aa3
|
11,326,730
|
|
|
Company, Series 1991A, 6.800%, 6/01/15 (Alternative Minimum Tax)
|
|
|
|
1,855
|
|
Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds, Series
|
No Opt. Call
|
A
|
2,240,562
|
|
|
2007A, 5.500%, 11/15/37
|
|
|
|
5,000
|
|
Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series
|
7/15 at 100.00
|
AA–
|
5,360,300
|
|
|
2005A-1, 5.000%, 7/01/31 – AGM Insured (UB)
|
|
|
|
2,510
|
|
Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series
|
7/23 at 100.00
|
AA–
|
2,919,030
|
|
|
2013B, 5.000%, 7/01/29 (WI/DD, Settling 6/04/13)
|
|
|
|
|
|
Merced Irrigation District, California, Electric System Revenue Bonds, Series 2005:
|
|
|
|
4,000
|
|
5.000%, 9/01/26 – SYNCORA GTY Insured
|
9/15 at 100.00
|
N/R
|
4,122,400
|
1,260
|
|
5.125%, 9/01/31 – SYNCORA GTY Insured
|
9/15 at 100.00
|
N/R
|
1,291,223
|
2,800
|
|
5.250%, 9/01/36 – SYNCORA GTY Insured
|
9/15 at 100.00
|
N/R
|
2,865,940
|
1,305
|
|
Southern California Public Power Authority, California, Milford Wind Corridor Phase I Revenue
|
1/20 at 100.00
|
AA–
|
1,492,085
|
|
|
Bonds, Series 2010-1, 5.000%, 7/01/28
|
|
|
|
32,890
|
|
Total Utilities
|
|
|
35,544,197
|
|
|
Water and Sewer – 14.2% (9.8% of Total Investments)
|
|
|
|
4,710
|
|
Bay Area Water Supply and Conservation Agency, California, Revenue Bonds, Capital Cost
|
4/23 at 100.00
|
AA–
|
5,526,573
|
|
|
Recovery Prepayment Program, Series 2013A, 5.000%, 10/01/28
|
|
|
|
1,185
|
|
Burbank, California, Wastewater System Revenue Bonds, Series 2004A, 5.000%, 6/01/24 –
|
6/14 at 100.00
|
AA+
|
1,234,415
|
|
|
AMBAC Insured
|
|
|
|
8,380
|
|
California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon
|
No Opt. Call
|
Baa3
|
8,404,553
|
|
|
Resources Channelside Desalination Project, Series 2012, 5.000%, 11/21/45 (Alternative
|
|
|
|
|
|
Minimum Tax)
|
|
|
|
890
|
|
Healdsburg Public Financing Authority, California, Wastewater Revenue Bonds, Series 2006,
|
4/16 at 100.00
|
AA–
|
958,975
|
|
|
5.000%, 4/01/36 – NPFG Insured
|
|
|
|
1,250
|
|
Indio Water Authority, California, Water Revenue Bonds, Series 2006, 5.000%, 4/01/31 –
|
4/16 at 100.00
|
A
|
1,351,413
|
|
|
AMBAC Insured
|
|
|
|
4,685
|
|
Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2011A,
|
1/21 at 100.00
|
AA
|
5,305,107
|
|
|
5.250%, 7/01/39 (UB)
|
|
|
|
1,500
|
|
Los Angeles, California, Wastewater System Revenue Bonds, Subordinate Lien, Refunding Series
|
6/23 at 100.00
|
AA
|
1,709,520
|
|
|
2013A, 5.000%, 6/01/34
|
|
|
|
4,705
|
|
Madera Irrigation District. California, Water Revenue Refunding Bonds, Series 2008,
|
1/18 at 100.00
|
A–
|
5,033,268
|
|
|
5.500%, 1/01/38
|
|
|
|
3,000
|
|
Metropolitan Water District of Southern California, Water Revenue Bonds, 2006 Authorization
|
7/17 at 100.00
|
AAA
|
3,358,080
|
|
|
Series 2007A, 5.000%, 7/01/37
|
|
|
|
1,510
|
|
Orange County Sanitation District, California, Certificates of Participation, Tender Option
|
2/19 at 100.00
|
AAA
|
2,339,730
|
|
|
Bond Trust 3020-1, 17.882%, 2/01/35 (IF) (4)
|
|
|
|
2,525
|
|
Sacramento County Sanitation District Financing Authority, California, Revenue Refunding
|
No Opt. Call
|
AA
|
3,185,260
|
|
|
Bonds, Series 2001, 5.500%, 12/01/20 – AMBAC Insured
|
|
|
|
11,320
|
|
San Diego Public Facilities Financing Authority, California, Sewerage Revenue Bonds, Refunding
|
5/20 at 100.00
|
AA
|
13,391,330
|
|
|
Series 2010A, 5.250%, 5/15/25
|
|
|
|
2,000
|
|
West Basin Municipal Water District, California, Certificates of Participation, Refunding
|
8/18 at 100.00
|
AA–
|
2,223,440
|
|
|
Series 2008B, 5.000%, 8/01/28 – AGC Insured
|
|
|
|
47,660
|
|
Total Water and Sewer
|
|
|
54,021,664
|
$ 540,263
|
|
Total Investments (cost $499,870,792) – 145.4%
|
|
|
552,098,588
|
|
|
Floating Rate Obligations – (4.6)%
|
|
|
(17,320,000)
|
|
|
Variable Rate Demand Preferred Shares, at Liquidation Value – (41.9)% (6)
|
|
|
(158,900,000)
|
|
|
Other Assets Less Liabilities – 1.1%
|
|
|
3,755,787
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 379,634,375
|