Holding Performance

1%-0% 2%-1% 3%-2% 4%-3% 5%-4% 6%-5%
Top 25 Holdings Portfolio Weight % Shares Owned Shares Change   Sector Mkt Cap (Mil) Total Ret YTD (Daily)  
Golden St Tob Securitization C Tobacc 5% 1.57 6,250,000 0 --- 5.77 --
Golden St Tob Securitization C Tob 5.75% 1.20 4,595,000 250,000 --- 4.39 --
California Pollution Ctl Fing Wtr Fur 5% 1.12 4,000,000 0 --- 4.12 --
San Joaquin Hills Calif Transn Rev Ref B 1.04 6,935,000 230,000 --- 3.82 --
San Jose Calif Multifamily Hsg Almaden F 0.96 3,730,160 0 --- 3.52 --
Tobacco Securitization Auth 5.125% 0.95 3,845,000 600,000 --- 3.46 --
Virgin Islands Pub Fin Auth 5% 0.92 3,000,000 0 --- 3.36 --
Anaheim Calif Pub Fing Auth 4.75% 0.89 3,000,000 0 --- 3.25 --
Foothill / Eastern Transn Corr Toll Rd 0.84 8,275,000 0 --- 3.07 --
Brea Calif Redev Agy Tax Alloc 0.81 6,710,000 0 --- 2.98 --
Palomar Pomerado Health Care D Cop 6.75% 0.77 2,500,000 0 --- 2.83 --
Puttable Fltg Opt Tax Exempt R Ctfs 0.74 1,510,000 0 --- 2.70 --
Hesperia Calif Uni Sch Dist 5% 0.74 2,500,000 0 --- 2.70 --
Long Beach Calif Bd Fin Auth 5.5% 0.72 2,150,000 0 --- 2.64 --
California Statewide Cmntys De Childr 5% 0.71 2,500,000 0 --- 2.62 --
Puerto Rico Ports Auth 6.25% 0.70 2,320,000 0 --- 2.58 --
Stockton Calif Cmnty Facs Dist 5.875% 0.70 2,500,000 0 --- 2.58 --
Rancho Mirage Calif Jt Pwrs Fi Rev Bd 5% 0.70 2,500,000 0 --- 2.57 --
Modesto Calif Irr Dist 5% 0.70 2,155,000 0 --- 2.55 --
California Statewide Cmntys De Rev Bd 5% 0.67 2,305,000 0 --- 2.47 --
San Diego Calif Uni Sch Dist 0.64 1,980,000 1,980,000 --- 2.35 --
Tulare Calif Loc Health Care D Ref 5.2% 0.64 2,500,000 0 --- 2.33 --
Lake Tahoe Calif Uni Sch Dist 0.64 5,000,000 0 --- 2.33 --
Golden St Tob Securitization C Tobacco S 0.63 2,500,000 0 --- 2.32 --
Merced Calif Irr Dist 0.60 7,890,000 0 --- 2.18 --
YTD Return through 05-21-13| Portfolio Holdings as of 04-30-13