|
|
|
|
|
|
|
|
Portfolio of Investments (Unaudited)
|
|
|
|
|
|
Nuveen Dividend Advantage Municipal Fund (NAD)
|
|
|
|
|
|
January 31, 2012
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
Optional Call
|
|
|
Amount (000)
|
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Municipal Bonds – 148.2% (99.9% of Total Investments)
|
|
|
|
|
|
Alabama – 0.3% (0.2% of Total Investments)
|
|
|
|
$ 1,600
|
|
Alabama 21st Century Authority, Tobacco Settlement Revenue Bonds, Series 2000, 5.750%, 12/01/20
|
6/12 at 100.00
|
A1
|
$ 1,606,560
|
|
|
Alaska – 0.1% (0.1% of Total Investments)
|
|
|
|
750
|
|
Alaska Housing Finance Corporation, General Housing Purpose Bonds, Series 2005A, 5.250%,
|
12/14 at 100.00
|
AA+
|
776,063
|
|
|
12/01/34 – FGIC Insured (UB)
|
|
|
|
|
|
Arizona – 2.8% (1.9% of Total Investments)
|
|
|
|
|
|
Phoenix Civic Improvement Corporation, Arizona, Senior Lien Airport Revenue Bonds,
|
|
|
|
|
|
Series 2008A:
|
|
|
|
2,350
|
|
5.000%, 7/01/33
|
7/18 at 100.00
|
AA–
|
2,553,064
|
8,200
|
|
5.000%, 7/01/38
|
7/18 at 100.00
|
AA–
|
8,815,820
|
|
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc
|
|
|
|
|
|
Prepay Contract Obligations, Series 2007:
|
|
|
|
500
|
|
5.500%, 12/01/29
|
No Opt. Call
|
A–
|
530,000
|
5,000
|
|
5.000%, 12/01/37
|
No Opt. Call
|
A–
|
4,971,300
|
16,050
|
|
Total Arizona
|
|
|
16,870,184
|
|
|
California – 10.1% (6.8% of Total Investments)
|
|
|
|
1,535
|
|
Alameda Corridor Transportation Authority, California, Senior Lien Revenue Bonds, Series
|
No Opt. Call
|
A
|
313,938
|
|
|
1999A, 0.000%, 10/01/37 – NPFG Insured
|
|
|
|
6,000
|
|
Anaheim Public Finance Authority, California, Subordinate Lease Revenue Bonds, Public
|
No Opt. Call
|
AA–
|
2,372,040
|
|
|
Improvement Project, Series 1997C, 0.000%, 9/01/28 – AGM Insured
|
|
|
|
3,000
|
|
California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, Series 2007A,
|
11/16 at 100.00
|
AA–
|
3,087,870
|
|
|
5.000%, 11/15/42
|
|
|
|
5,000
|
|
California State, General Obligation Bonds, Series 2005, 5.000%, 3/01/31
|
3/16 at 100.00
|
A1
|
5,281,950
|
4,250
|
|
California State, General Obligation Bonds, Various Purpose Series 2010, 5.250%, 11/01/40
|
11/20 at 100.00
|
A1
|
4,693,190
|
6,750
|
|
California Statewide Community Development Authority, Revenue Bonds, Methodist Hospital
|
8/19 at 100.00
|
Aa2
|
8,070,570
|
|
|
Project, Series 2009, 6.750%, 2/01/38
|
|
|
|
2,000
|
|
California Statewide Community Development Authority, Revenue Bonds, Sutter Health, Series
|
8/12 at 100.00
|
AA–
|
2,057,000
|
|
|
2002B, 5.625%, 8/15/42
|
|
|
|
65
|
|
California, General Obligation Bonds, Series 1997, 5.000%, 10/01/18 – AMBAC Insured
|
4/12 at 100.00
|
A1
|
65,200
|
5,000
|
|
Corona-Norco Unified School District, Riverside County, California, General Obligation Bonds,
|
No Opt. Call
|
Aa2
|
5,451,900
|
|
|
Election 2006 Series 2007A, 5.000%, 8/01/31 – AGM Insured
|
|
|
|
2,000
|
|
Dublin Unified School District, Alameda County, California, General Obligation Bonds, Series
|
8/17 at 49.41
|
Aa2
|
711,760
|
|
|
2007C, 0.000%, 8/01/31 – NPFG Insured
|
|
|
|
|
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
|
|
|
|
|
|
Asset-Backed Revenue Bonds, Series 2005A:
|
|
|
|
3,500
|
|
0.000%, 6/01/26 – AGM Insured
|
No Opt. Call
|
Aa3
|
1,919,260
|
9,925
|
|
5.000%, 6/01/45 – AGC Insured
|
6/15 at 100.00
|
AA–
|
9,974,228
|
|
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
|
|
|
|
|
Bonds, Series 2007A-1:
|
|
|
|
5,860
|
|
5.000%, 6/01/33
|
6/17 at 100.00
|
B–
|
4,390,078
|
1,000
|
|
5.125%, 6/01/47
|
6/17 at 100.00
|
B–
|
681,210
|
2,200
|
|
M-S-R Energy Authority, California, Gas Revenue Bonds, Series 2009C, 6.500%, 11/01/39
|
No Opt. Call
|
A–
|
2,676,476
|
2,000
|
|
Murrieta Valley Unified School District Public Financing Authority, California, Special Tax
|
9/16 at 100.00
|
AA–
|
2,151,200
|
|
|
Revenue Bonds, Series 2006A, 5.125%, 9/01/26 – AGM Insured
|
|
|
|
765
|
|
Palmdale Civic Authority, California, Revenue Refinancing Bonds, Civic Center Project, Series
|
No Opt. Call
|
BBB
|
766,974
|
|
|
1997A, 5.375%, 7/01/12 – NPFG Insured
|
|
|
|
2,000
|
|
Riverside Unified School District, Riverside County, California, General Obligation Bonds,
|
8/15 at 101.00
|
Aa2
|
2,137,240
|
|
|
Election 2001 Series 2006B, 5.000%, 8/01/30 – AGC Insured
|
|
|
|
|
|
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue
|
|
|
|
|
|
Refunding Bonds, Series 1997A:
|
|
|
|
2,000
|
|
0.000%, 1/15/29 – NPFG Insured
|
No Opt. Call
|
BBB
|
581,480
|
17,000
|
|
0.000%, 1/15/35 – NPFG Insured
|
No Opt. Call
|
BBB
|
3,192,260
|
575
|
|
Seaside Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series
|
8/13 at 100.00
|
A
|
594,355
|
|
|
2003, 5.375%, 8/01/18 – NPFG Insured
|
|
|
|
82,425
|
|
Total California
|
|
|
61,170,179
|
|
|
Colorado – 5.3% (3.6% of Total Investments)
|
|
|
|
1,125
|
|
Antelope Heights Metropolitan District, Colorado, Limited Tax General Obligation Bonds, Series
|
12/17 at 100.00
|
N/R
|
872,156
|
|
|
2007, 5.000%, 12/01/37 – RAAI Insured
|
|
|
|
3,330
|
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives,
|
7/19 at 100.00
|
AA
|
3,691,638
|
|
|
Series 2009A, 5.500%, 7/01/34
|
|
|
|
675
|
|
Denver City and County, Colorado, Airport Special Facilities Revenue Bonds, Rental Car
|
7/12 at 100.00
|
A–
|
677,788
|
|
|
Projects, Series 1999A, 6.000%, 1/01/13 – NPFG Insured (Alternative Minimum Tax)
|
|
|
|
8,665
|
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B, 0.000%,
|
No Opt. Call
|
BBB
|
4,160,326
|
|
|
9/01/25 – NPFG Insured
|
|
|
|
25,000
|
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B, 0.000%,
|
No Opt. Call
|
BBB
|
7,788,250
|
|
|
9/01/31 – NPFG Insured
|
|
|
|
60,000
|
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004A, 0.000%, 3/01/36 –
|
No Opt. Call
|
BBB
|
13,003,800
|
|
|
NPFG Insured
|
|
|
|
12,500
|
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2006B, 0.000%, 9/01/38 –
|
9/26 at 54.77
|
BBB
|
2,215,375
|
|
|
NPFG Insured
|
|
|
|
111,295
|
|
Total Colorado
|
|
|
32,409,333
|
|
|
Connecticut – 0.3% (0.2% of Total Investments)
|
|
|
|
4,335
|
|
Mashantucket Western Pequot Tribe, Connecticut, Subordinate Special Revenue Bonds, Series
|
11/17 at 100.00
|
N/R
|
1,592,072
|
|
|
2007A, 5.750%, 9/01/34
|
|
|
|
|
|
Florida – 10.3% (6.9% of Total Investments)
|
|
|
|
15,000
|
|
Florida State Board of Education, Public Education Capital Outlay Bonds, Series 2005E, 4.500%,
|
6/15 at 101.00
|
AAA
|
15,515,250
|
|
|
6/01/35 (UB)
|
|
|
|
2,500
|
|
Marion County Hospital District, Florida, Revenue Bonds, Munroe Regional Medical Center,
|
10/17 at 100.00
|
A3
|
2,548,600
|
|
|
Series 2007, 5.000%, 10/01/34
|
|
|
|
13,625
|
|
Martin County Industrial Development Authority, Florida, Industrial Development Revenue Bonds,
|
6/12 at 100.00
|
BB+
|
13,672,688
|
|
|
Indiantown Cogeneration LP, Series 1994A, 7.875%, 12/15/25 (Alternative Minimum Tax)
|
|
|
|
|
|
South Miami Health Facilities Authority, Florida, Hospital Revenue, Baptist Health System
|
|
|
|
|
|
Obligation Group, Series 2007:
|
|
|
|
22,000
|
|
5.000%, 8/15/37 (UB)
|
8/17 at 100.00
|
AA
|
22,988,460
|
7,370
|
|
5.000%, 8/15/42 (UB)
|
8/17 at 100.00
|
AA
|
7,682,562
|
60,495
|
|
Total Florida
|
|
|
62,407,560
|
|
|
Georgia – 2.2% (1.5% of Total Investments)
|
|
|
|
5,000
|
|
Cobb County Development Authority, Georgia, Student Housing Revenue Bonds, KSU Village II Real
|
7/17 at 100.00
|
Baa2
|
5,050,600
|
|
|
Estate Foundation LLC Project, Series 2007A, 5.250%, 7/15/38 – AMBAC Insured
|
|
|
|
5,000
|
|
Franklin County Industrial Building Authority, Georgia, Revenue Bonds, Ty Cobb Regional
|
12/20 at 100.00
|
N/R
|
5,274,050
|
|
|
Medical Center Project, Series 2010, 8.000%, 12/01/40
|
|
|
|
3,000
|
|
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates,
|
2/20 at 100.00
|
A+
|
3,248,070
|
|
|
Northeast Georgia Health Services Inc., Series 2010B, 5.250%, 2/15/37
|
|
|
|
13,000
|
|
Total Georgia
|
|
|
13,572,720
|
|
|
Idaho – 0.1% (0.0% of Total Investments)
|
|
|
|
95
|
|
Idaho Housing and Finance Association, Single Family Mortgage Bonds, Series 1999E, 5.750%,
|
7/12 at 100.00
|
Aa2
|
99,701
|
|
|
1/01/21 (Alternative Minimum Tax)
|
|
|
|
125
|
|
Idaho Housing and Finance Association, Single Family Mortgage Bonds, Series 2000D, 6.350%,
|
7/12 at 100.00
|
Aa2
|
127,559
|
|
|
7/01/22 (Alternative Minimum Tax)
|
|
|
|
155
|
|
Idaho Housing and Finance Association, Single Family Mortgage Bonds, Series 2000E, 5.950%,
|
7/12 at 100.00
|
Aaa
|
156,455
|
|
|
7/01/20 (Alternative Minimum Tax)
|
|
|
|
375
|
|
Total Idaho
|
|
|
383,715
|
|
|
Illinois – 28.7% (19.4% of Total Investments)
|
|
|
|
550
|
|
Channahon, Illinois, Revenue Refunding Bonds, Morris Hospital, Series 1999, 5.750%, 12/01/12
|
6/12 at 100.00
|
BBB+
|
551,524
|
2,205
|
|
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax
|
No Opt. Call
|
AA–
|
1,003,231
|
|
|
Revenues, Series 1998B-1, 0.000%, 12/01/29 – FGIC Insured
|
|
|
|
7,250
|
|
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax
|
No Opt. Call
|
AA–
|
8,858,703
|
|
|
Revenues, Series 1999A, 5.500%, 12/01/26 – FGIC Insured
|
|
|
|
|
|
Chicago, Illinois, FHA/GNMA Multifamily Housing Revenue Bonds, Archer Court Apartments,
|
|
|
|
|
|
Series 1999A:
|
|
|
|
570
|
|
5.500%, 12/20/19 (Alternative Minimum Tax)
|
4/12 at 100.00
|
AA–
|
570,838
|
1,210
|
|
5.600%, 12/20/29 (Alternative Minimum Tax)
|
4/12 at 100.00
|
AA–
|
1,211,016
|
1,925
|
|
5.650%, 12/20/40 (Alternative Minimum Tax)
|
4/12 at 100.00
|
AA–
|
1,926,309
|
22,750
|
|
Chicago, Illinois, General Obligation Refunding Bonds, Emergency Telephone System, Series
|
No Opt. Call
|
Aa3
|
29,154,572
|
|
|
1999, 5.500%, 1/01/23 – FGIC Insured
|
|
|
|
1,135
|
|
Chicago, Illinois, Motor Fuel Tax Revenue Refunding Bonds, Series 1993, 5.375%, 1/01/14 –
|
No Opt. Call
|
AA+
|
1,198,208
|
|
|
AMBAC Insured
|
|
|
|
5,320
|
|
Chicago, Illinois, Third Lien General Airport Revenue Bonds, O’Hare International Airport,
|
1/15 at 100.00
|
A1
|
5,559,560
|
|
|
Series 2004A, 5.000%, 1/01/28 – NPFG Insured
|
|
|
|
3,340
|
|
Chicago, Illinois, Third Lien General Airport Revenue Bonds, O’Hare International Airport,
|
1/16 at 100.00
|
A1
|
3,458,036
|
|
|
Series 2005A, 5.000%, 1/01/33 – FGIC Insured
|
|
|
|
190
|
|
DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds,
|
11/13 at 100.00
|
Aa3
|
203,104
|
|
|
Series 2003B, 5.250%, 11/01/20 – AGM Insured
|
|
|
|
810
|
|
DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds,
|
11/13 at 100.00
|
Aa3 (4)
|
879,296
|
|
|
Series 2003B, 5.250%, 11/01/20 (Pre-refunded 11/01/13) – AGM Insured
|
|
|
|
3,935
|
|
Illinois Development Finance Authority, Local Government Program Revenue Bonds, Lake County
|
No Opt. Call
|
Baa2
|
3,627,952
|
|
|
School District 116 – Round Lake, Series 1999A, 0.000%, 1/01/15 – NPFG Insured
|
|
|
|
5,000
|
|
Illinois Educational Facilities Authority, Revenue Bonds, University of Chicago, Refunding
|
7/13 at 100.00
|
Aa1
|
5,116,900
|
|
|
Series 2003A, 5.000%, 7/01/33
|
|
|
|
1,500
|
|
Illinois Finance Authority, Revenue Bonds, Central DuPage Health, Series 2009B,
|
11/19 at 100.00
|
AA
|
1,642,815
|
|
|
5.500%, 11/01/39
|
|
|
|
2,000
|
|
Illinois Finance Authority, Revenue Bonds, Children’s Memorial Hospital, Series 2008A, 5.250%,
|
8/18 at 100.00
|
AA–
|
2,117,420
|
|
|
8/15/47 – AGC Insured (UB)
|
|
|
|
1,000
|
|
Illinois Finance Authority, Revenue Bonds, Edward Health Services Corporation, Series 2008A,
|
2/18 at 100.00
|
A+
|
1,040,080
|
|
|
5.500%, 2/01/40 – AMBAC Insured
|
|
|
|
5,640
|
|
Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2004A, 5.000%, 7/01/34
|
7/14 at 100.00
|
Aa1
|
6,041,963
|
1,225
|
|
Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2007, 5.000%, 7/01/19
|
7/17 at 100.00
|
Aa1
|
1,448,636
|
4,000
|
|
Illinois Finance Authority, Revenue Refunding Bonds, Silver Cross Hospital and Medical
|
8/18 at 100.00
|
BBB–
|
4,294,400
|
|
|
Centers, Series 2008A, 6.000%, 8/15/23
|
|
|
|
5,980
|
|
Illinois Finance Authority, Student Housing Revenue Bonds, Educational Advancement Fund Inc.,
|
5/17 at 100.00
|
Baa3
|
5,818,839
|
|
|
Refunding Series 2007A, 5.250%, 5/01/34
|
|
|
|
9,780
|
|
Illinois Health Facilities Authority, Remarketed Revenue Bonds, University of Chicago Project,
|
8/12 at 102.50
|
Aa1
|
10,095,405
|
|
|
Series 1985A, 5.500%, 8/01/20
|
|
|
|
1,500
|
|
Illinois Housing Development Authority, Housing Finance Bonds, Series 2005E, 4.800%, 1/01/36 –
|
1/15 at 100.00
|
AA
|
1,510,890
|
|
|
FGIC Insured
|
|
|
|
2,000
|
|
Illinois Toll Highway Authority, State Toll Highway Authority Revenue Bonds, Series 2006A-1,
|
7/16 at 100.00
|
AA–
|
2,284,700
|
|
|
5.000%, 1/01/20 – AGM Insured
|
|
|
|
2,000
|
|
Kane & DeKalb Counties, Illinois, Community United School District 301, General Obligation Bonds,
|
No Opt. Call
|
Aa3
|
1,384,320
|
|
|
Series 2006, 0.000%, 12/01/21 – NPFG Insured
|
|
|
|
11,345
|
|
Lake and McHenry Counties Community Unit School District 118, Wauconda, Illinois, General
|
1/15 at 60.14
|
Aa3
|
6,051,650
|
|
|
Obligation Bonds, Series 2005B, 0.000%, 1/01/25 – AGM Insured
|
|
|
|
3,000
|
|
Lombard Public Facilities Corporation, Illinois, First Tier Conference Center and Hotel
|
1/16 at 100.00
|
N/R
|
1,948,650
|
|
|
Revenue Bonds, Series 2005A-1, 7.125%, 1/01/36
|
|
|
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Refunding Bonds, McCormick Place
|
|
|
|
|
|
Expansion Project, Series 1996A:
|
|
|
|
12,250
|
|
0.000%, 12/15/22 – NPFG Insured
|
No Opt. Call
|
AA–
|
8,274,875
|
13,000
|
|
0.000%, 12/15/23 – NPFG Insured
|
No Opt. Call
|
AA–
|
8,361,470
|
3,000
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Refunding Bonds, McCormick Place
|
6/12 at 101.00
|
AAA
|
3,079,710
|
|
|
Expansion Project, Series 2002B, 5.750%, 6/15/23 – NPFG Insured
|
|
|
|
1,840
|
|
Oak Park, Illinois, General Obligation Bonds, Series 2005B, 0.000%, 11/01/27 – SYNCORA
|
11/15 at 54.14
|
Aa2
|
849,970
|
|
|
GTY Insured
|
|
|
|
|
|
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties,
|
|
|
|
|
|
Illinois, General Obligation Bonds, Series 1999:
|
|
|
|
22,650
|
|
5.750%, 6/01/19 – AGM Insured
|
No Opt. Call
|
AA
|
28,618,955
|
3,500
|
|
5.750%, 6/01/23 – AGM Insured
|
No Opt. Call
|
AA
|
4,476,220
|
1,300
|
|
Schaumburg, Illinois, General Obligation Bonds, Series 2004B, 5.250%, 12/01/34 – FGIC Insured
|
12/14 at 100.00
|
Aaa
|
1,428,427
|
10,000
|
|
Will County Community High School District 210 Lincoln-Way, Illinois, General Obligation
|
No Opt. Call
|
Aa2
|
6,792,100
|
|
|
Bonds, Series 2006, 0.000%, 1/01/23 – AGM Insured
|
|
|
|
4,500
|
|
Will County School District 122, New Lenox, Illinois, General Obligation Bonds, Series 2000B,
|
No Opt. Call
|
Aa3
|
3,668,625
|
|
|
0.000%, 11/01/18 – AGM Insured
|
|
|
|
179,200
|
|
Total Illinois
|
|
|
174,549,369
|
|
|
Indiana – 3.7% (2.5% of Total Investments)
|
|
|
|
1,360
|
|
Hospital Authority of Delaware County, Indiana, Hospital Revenue Refunding Bonds, Cardinal
|
2/12 at 100.00
|
N/R
|
1,357,729
|
|
|
Health System, Series 1997, 5.000%, 8/01/16 – AMBAC Insured
|
|
|
|
4,000
|
|
Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group, Refunding Series 2009A,
|
12/19 at 100.00
|
AA
|
4,351,400
|
|
|
5.250%, 12/01/38
|
|
|
|
2,000
|
|
Indiana Health Facility Financing Authority, Hospital Revenue Bonds, Deaconess Hospital Inc.,
|
3/14 at 100.00
|
A
|
2,036,940
|
|
|
Series 2004A, 5.375%, 3/01/34 – AMBAC Insured
|
|
|
|
2,000
|
|
Indiana Health Facility Financing Authority, Revenue Bonds, Community Foundation of Northwest
|
3/17 at 100.00
|
BBB+
|
2,057,400
|
|
|
Indiana, Series 2007, 5.500%, 3/01/37
|
|
|
|
5,555
|
|
Indiana Housing and Community Development Authority, Single Family Mortgage Revenue Bonds,
|
1/17 at 100.00
|
Aaa
|
5,795,420
|
|
|
Tender Option Bond Trust 1847, 7.966%, 1/01/25 (Alternative Minimum Tax) (IF)
|
|
|
|
6,675
|
|
Indiana Municipal Power Agency, Power Supply Revenue Bonds, Series 2007A, 5.000%, 1/01/42 –
|
1/17 at 100.00
|
A+
|
7,044,728
|
|
|
NPFG Insured
|
|
|
|
21,590
|
|
Total Indiana
|
|
|
22,643,617
|
|
|
Iowa – 1.2% (0.8% of Total Investments)
|
|
|
|
|
|
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C:
|
|
|
|
2,420
|
|
5.500%, 6/01/42
|
6/15 at 100.00
|
B+
|
1,826,326
|
7,000
|
|
5.625%, 6/01/46
|
6/15 at 100.00
|
B+
|
5,270,300
|
9,420
|
|
Total Iowa
|
|
|
7,096,626
|
|
|
Kansas – 0.7% (0.5% of Total Investments)
|
|
|
|
1,750
|
|
Wyandotte County-Kansas City Unified Government, Kansas, Sales Tax Special Obligation Bonds,
|
12/15 at 100.00
|
N/R
|
1,864,660
|
|
|
Redevelopment Project Area B, Series 2005, 5.000%, 12/01/20
|
|
|
|
3,730
|
|
Wyandotte County-Kansas City Unified Government, Kansas, Sales Tax Special Obligation Capital
|
No Opt. Call
|
BBB
|
2,472,132
|
|
|
Appreciation Revenue Bonds Redevelopment Project Area B – Major Multi-Sport Athletic
|
|
|
|
|
|
Complex Project, Subordinate Lien Series 2010B, 0.000%, 6/01/21
|
|
|
|
5,480
|
|
Total Kansas
|
|
|
4,336,792
|
|
|
Kentucky – 1.1% (0.7% of Total Investments)
|
|
|
|
|
|
Kentucky Economic Development Finance Authority, Hospital System Revenue Refunding and
|
|
|
|
|
|
Improvement Bonds, Appalachian Regional Healthcare Inc., Series 1997:
|
|
|
|
1,850
|
|
5.850%, 10/01/17
|
4/12 at 100.00
|
BB
|
1,834,479
|
4,990
|
|
5.875%, 10/01/22
|
4/12 at 100.00
|
BB
|
4,806,717
|
6,840
|
|
Total Kentucky
|
|
|
6,641,196
|
|
|
Louisiana – 7.8% (5.2% of Total Investments)
|
|
|
|
1,750
|
|
Louisiana Local Government Environmental Facilities and Community Development Authority, GNMA
|
6/12 at 105.00
|
Aaa
|
1,848,893
|
|
|
Collateralized Mortgage Revenue Refunding Bonds, Sharlo Apartments, Series 2002A,
|
|
|
|
|
|
6.500%, 6/20/37
|
|
|
|
5,350
|
|
Louisiana Public Facilities Authority, Revenue Bonds, Baton Rouge General Hospital, Series
|
7/14 at 100.00
|
BBB
|
5,570,688
|
|
|
2004, 5.250%, 7/01/33 – NPFG Insured
|
|
|
|
9,000
|
|
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,
|
5/17 at 100.00
|
Baa1
|
9,207,000
|
|
|
Series 2007A, 5.500%, 5/15/47
|
|
|
|
5,000
|
|
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Series 2002A, 5.000%, 6/01/32 –
|
6/12 at 100.00
|
Aa1
|
5,059,450
|
|
|
AMBAC Insured
|
|
|
|
5,445
|
|
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Series 2006A, 4.500%, 5/01/41 –
|
5/16 at 100.00
|
Aa1
|
5,602,687
|
|
|
FGIC Insured (UB)
|
|
|
|
13,570
|
|
Louisiana Transportation Authority, Senior Lien Toll Road Revenue Bonds, Series 2005B, 0.000%,
|
6/12 at 100.00
|
AA–
|
5,589,890
|
|
|
12/01/28 – AMBAC Insured
|
|
|
|
|
|
Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds,
|
|
|
|
|
|
Series 2001B:
|
|
|
|
7,340
|
|
5.500%, 5/15/30
|
5/12 at 100.00
|
A1
|
7,447,164
|
6,750
|
|
5.875%, 5/15/39
|
5/12 at 100.00
|
A–
|
6,812,100
|
54,205
|
|
Total Louisiana
|
|
|
47,137,872
|
|
|
Maine – 0.2% (0.1% of Total Investments)
|
|
|
|
1,050
|
|
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, MaineGeneral Medical
|
7/21 at 100.00
|
Baa3
|
1,136,573
|
|
|
Center, Series 2011, 6.750%, 7/01/41
|
|
|
|
|
|
Massachusetts – 2.8% (1.9% of Total Investments)
|
|
|
|
1,440
|
|
Boston Industrial Development Financing Authority, Massachusetts, Subordinate Revenue Bonds,
|
9/12 at 102.00
|
N/R
|
496,397
|
|
|
Crosstown Center Project, Series 2002, 8.000%, 9/01/35 (Alternative Minimum Tax)
|
|
|
|
4,365
|
|
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Berkshire Health
|
10/15 at 100.00
|
AA–
|
4,715,946
|
|
|
System, Series 2005F, 5.000%, 10/01/19 – AGC Insured
|
|
|
|
620
|
|
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, CareGroup Inc.,
|
7/18 at 100.00
|
A–
|
648,923
|
|
|
Series 2008E-1 &2, 5.125%, 7/01/33
|
|
|
|
2,300
|
|
Massachusetts Health and Educational Facilities Authority, Revenue Refunding Bonds, Suffolk
|
7/19 at 100.00
|
BBB
|
2,415,138
|
|
|
University Issue, Series 2009A, 5.750%, 7/01/39
|
|
|
|
2,875
|
|
Massachusetts Housing Finance Agency, Housing Bonds, Series 2009F, 5.700%, 6/01/40
|
12/18 at 100.00
|
AA–
|
3,021,453
|
820
|
|
Massachusetts Port Authority, Special Facilities Revenue Bonds, US Airways Group Inc., Series
|
3/12 at 100.00
|
BBB
|
818,245
|
|
|
1996A, 5.875%, 9/01/23 – NPFG Insured (Alternative Minimum Tax)
|
|
|
|
4,000
|
|
Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Series 2005A,
|
8/15 at 100.00
|
AA+
|
4,469,720
|
|
|
5.000%, 8/15/30 – AGM Insured
|
|
|
|
1,000
|
|
Massachusetts Turnpike Authority, Metropolitan Highway System Revenue Bonds, Senior Series
|
No Opt. Call
|
A+
|
650,220
|
|
|
1997A, 0.000%, 1/01/24 – NPFG Insured
|
|
|
|
17,420
|
|
Total Massachusetts
|
|
|
17,236,042
|
|
|
Michigan – 2.8% (1.9% of Total Investments)
|
|
|
|
4,000
|
|
Detroit Water Supply System, Michigan, Water Supply System Revenue Bonds, Refunding Senior
|
No Opt. Call
|
AA–
|
4,112,200
|
|
|
Lien Series 2006D, 5.000%, 7/01/32 – AGM Insured
|
|
|
|
6,000
|
|
Detroit, Michigan, Second Lien Sewerage Disposal System Revenue Bonds, Series 2005A, 5.000%,
|
7/15 at 100.00
|
A
|
6,045,600
|
|
|
7/01/35 – NPFG Insured
|
|
|
|
1,500
|
|
Detroit, Michigan, Sewer Disposal System Revenue Bonds, Second Lien, Series 2001E, 5.750%,
|
7/18 at 100.00
|
AA+
|
1,706,100
|
|
|
7/01/31 – BHAC Insured
|
|
|
|
3,215
|
|
Detroit, Michigan, Water Supply System Revenue Bonds, Series 2004A, 5.250%, 7/01/18 –
|
7/16 at 100.00
|
A2
|
3,565,403
|
|
|
NPFG Insured
|
|
|
|
1,150
|
|
Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont
|
9/18 at 100.00
|
A1
|
1,424,735
|
|
|
Hospital, Refunding Series 2009V, 8.250%, 9/01/39
|
|
|
|
15,865
|
|
Total Michigan
|
|
|
16,854,038
|
|
|
Minnesota – 1.8% (1.2% of Total Investments)
|
|
|
|
6,375
|
|
Minneapolis Health Care System, Minnesota, Revenue Bonds, Fairview Hospital and Healthcare
|
11/18 at 100.00
|
A
|
7,529,003
|
|
|
Services, Series 2008A, 6.625%, 11/15/28
|
|
|
|
3,000
|
|
Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds,
|
1/15 at 100.00
|
A
|
3,159,000
|
|
|
Refunding Subordinate Lien Series 2005C, 5.000%, 1/01/25 – FGIC Insured
|
|
|
|
370
|
|
Minnesota Housing Finance Agency, Single Family Mortgage Bonds, Series 1998H-1, 5.650%,
|
7/12 at 100.00
|
AA+
|
383,250
|
|
|
7/01/31 (Alternative Minimum Tax)
|
|
|
|
9,745
|
|
Total Minnesota
|
|
|
11,071,253
|
|
|
Missouri – 1.0% (0.7% of Total Investments)
|
|
|
|
|
|
Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds,
|
|
|
|
|
|
Series 2004B-1:
|
|
|
|
7,000
|
|
0.000%, 4/15/27 – AMBAC Insured
|
No Opt. Call
|
AA–
|
3,635,730
|
5,000
|
|
0.000%, 4/15/29 – AMBAC Insured
|
No Opt. Call
|
AA–
|
2,311,450
|
12,000
|
|
Total Missouri
|
|
|
5,947,180
|
|
|
Montana – 0.2% (0.1% of Total Investments)
|
|
|
|
160
|
|
Montana Board of Housing, Single Family Mortgage Bonds, Series 2000A-2, 6.450%, 6/01/29
|
6/12 at 100.00
|
AA+
|
162,883
|
|
|
(Alternative Minimum Tax)
|
|
|
|
1,000
|
|
Montana Higher Education Student Assistance Corporation, Student Loan Revenue Bonds,
|
6/12 at 100.00
|
A2
|
991,370
|
|
|
Subordinate Series 1999B, 6.400%, 12/01/32 (Alternative Minimum Tax)
|
|
|
|
1,160
|
|
Total Montana
|
|
|
1,154,253
|
|
|
Nevada – 6.0% (4.1% of Total Investments)
|
|
|
|
10,000
|
|
Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2010B, 5.750%, 7/01/42
|
1/20 at 100.00
|
Aa3
|
11,238,400
|
9,675
|
|
Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran
|
1/20 at 100.00
|
Aa3
|
10,416,976
|
|
|
International Airport, Series 2010A, 5.250%, 7/01/42
|
|
|
|
3,750
|
|
Henderson, Nevada, Healthcare Facility Revenue Refunding Bonds, Catholic Healthcare West,
|
7/17 at 100.00
|
AA+
|
4,984,500
|
|
|
Series 2007B, Trust 2633, 19.048%, 7/01/31 – BHAC Insured (IF)
|
|
|
|
1,500
|
|
Las Vegas Redevelopment Agency, Nevada, Tax Increment Revenue Bonds, Series 2009A,
|
6/19 at 100.00
|
A
|
1,792,905
|
|
|
8.000%, 6/15/30
|
|
|
|
3,000
|
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Series 2003B Refunding,
|
12/12 at 100.00
|
AA+ (4)
|
3,126,390
|
|
|
5.250%, 6/01/20 (Pre-refunded 12/01/12) – NPFG Insured
|
|
|
|
5,040
|
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Water Improvement Series
|
12/12 at 100.00
|
AA+
|
5,106,528
|
|
|
2003A Refunding, 5.000%, 6/01/32 – FGIC Insured
|
|
|
|
32,965
|
|
Total Nevada
|
|
|
36,665,699
|
|
|
New Jersey – 6.4% (4.3% of Total Investments)
|
|
|
|
6,850
|
|
New Jersey Educational Facilities Authority, Revenue Refunding Bonds, University of Medicine
|
No Opt. Call
|
Baa1
|
7,720,978
|
|
|
and Dentistry of New Jersey, Series 2009B, 5.750%, 12/01/15
|
|
|
|
1,830
|
|
New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2000A,
|
6/12 at 100.00
|
Aaa
|
1,836,716
|
|
|
6.000%, 6/01/13 – NPFG Insured (Alternative Minimum Tax)
|
|
|
|
4,130
|
|
New Jersey Transit Corporation, Certificates of Participation, Federal Transit Administration
|
No Opt. Call
|
Aa3
|
4,403,323
|
|
|
Grants, Series 2002A, 5.500%, 9/15/13 – AMBAC Insured
|
|
|
|
4,000
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 1999A,
|
No Opt. Call
|
A+
|
4,982,840
|
|
|
5.750%, 6/15/18
|
|
|
|
20,000
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006C,
|
No Opt. Call
|
A+
|
9,462,800
|
|
|
0.000%, 12/15/28 – AMBAC Insured
|
|
|
|
|
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
|
|
|
|
|
|
Series 2002:
|
|
|
|
5,955
|
|
5.750%, 6/01/32 (Pre-refunded 6/01/12)
|
6/12 at 100.00
|
Aaa
|
6,066,120
|
3,165
|
|
6.125%, 6/01/42 (Pre-refunded 6/01/12)
|
6/12 at 100.00
|
Aaa
|
3,228,015
|
1,365
|
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
|
6/13 at 100.00
|
Aaa
|
1,483,837
|
|
|
Series 2003, 6.750%, 6/01/39 (Pre-refunded 6/01/13)
|
|
|
|
47,295
|
|
Total New Jersey
|
|
|
39,184,629
|
|
|
New Mexico – 0.7% (0.4% of Total Investments)
|
|
|
|
3,730
|
|
University of New Mexico, FHA-Insured Mortgage Hospital Revenue Bonds, Series 2004, 5.000%,
|
7/14 at 100.00
|
AA–
|
3,990,354
|
|
|
7/01/32 – AGM Insured
|
|
|
|
|
|
New York – 8.9% (6.0% of Total Investments)
|
|
|
|
1,905
|
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, Franciscan Health
|
7/12 at 100.00
|
A3
|
1,908,848
|
|
|
Partnership Obligated Group – Frances Shervier Home and Hospital, Series 1997, 5.500%,
|
|
|
|
|
|
7/01/17 – RAAI Insured
|
|
|
|
7,500
|
|
Dormitory Authority of the State of New York, Secured Hospital Revenue Refunding Bonds,
|
2/12 at 100.00
|
AA–
|
7,516,800
|
|
|
Wyckoff Heights Medical Center, Series 1998H, 5.300%, 8/15/21 – NPFG Insured
|
|
|
|
1,000
|
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series
|
No Opt. Call
|
A
|
1,081,800
|
|
|
2011A, 5.250%, 2/15/47
|
|
|
|
6,000
|
|
New York City Industrial Development Agency, New York, American Airlines-JFK International
|
8/16 at 101.00
|
N/R
|
5,425,860
|
|
|
Airport Special Facility Revenue Bonds, Series 2005, 7.750%, 8/01/31 (Alternative Minimum Tax)
|
|
|
|
4,755
|
|
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project
|
3/19 at 100.00
|
AA–
|
5,635,198
|
|
|
PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured
|
|
|
|
5,000
|
|
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue
|
12/14 at 100.00
|
AAA
|
5,465,700
|
|
|
Bonds, 2004B, 5.000%, 6/15/36 – AGM Insured (UB)
|
|
|
|
8,800
|
|
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local
|
10/14 at 100.00
|
AAA
|
9,597,544
|
|
|
Government Assistance Corporation, Series 2004A, 5.000%, 10/15/32 – AMBAC Insured (UB)
|
|
|
|
|
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
|
|
|
|
|
|
Terminal LLC Project, Eighth Series 2010:
|
|
|
|
5,000
|
|
6.500%, 12/01/28
|
12/15 at 100.00
|
BBB–
|
5,328,200
|
1,670
|
|
6.000%, 12/01/36
|
12/20 at 100.00
|
BBB–
|
1,812,768
|
10,000
|
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
|
6/12 at 100.00
|
Baa1
|
10,013,100
|
|
|
Terminal LLC, Sixth Series 1997, 5.900%, 12/01/17 – NPFG Insured (Alternative Minimum Tax)
|
|
|
|
51,630
|
|
Total New York
|
|
|
53,785,818
|
|
|
North Carolina – 1.0% (0.7% of Total Investments)
|
|
|
|
1,500
|
|
Charlotte-Mecklenberg Hospital Authority, North Carolina, Carolinas HealthCare System Revenue
|
1/18 at 100.00
|
AA–
|
1,720,215
|
|
|
Bonds, Series 2008A, 5.250%, 1/15/24 – AGC Insured
|
|
|
|
3,830
|
|
Charlotte-Mecklenburg Hospital Authority, North Carolina, Healthcare System Revenue Bonds, DBA
|
1/15 at 100.00
|
AA+ (4)
|
4,338,624
|
|
|
Carolinas Healthcare System, Series 2005A, 5.000%, 1/15/45 (Pre-refunded 1/15/15)
|
|
|
|
5,330
|
|
Total North Carolina
|
|
|
6,058,839
|
|
|
North Dakota – 0.8% (0.5% of Total Investments)
|
|
|
|
3,910
|
|
Fargo, North Dakota, Health System Revenue Bonds, Sanford Health, Refunding Series 2011,
|
11/21 at 100.00
|
AA–
|
4,661,307
|
|
|
6.250%, 11/01/31
|
|
|
|
|
|
Ohio – 3.2% (2.1% of Total Investments)
|
|
|
|
|
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
|
|
|
|
|
|
Bonds, Senior Lien, Series 2007A-2:
|
|
|
|
210
|
|
5.125%, 6/01/24
|
6/17 at 100.00
|
B–
|
165,633
|
1,655
|
|
5.375%, 6/01/24
|
6/17 at 100.00
|
B–
|
1,337,703
|
1,800
|
|
5.875%, 6/01/30
|
6/17 at 100.00
|
B–
|
1,399,986
|
1,740
|
|
5.750%, 6/01/34
|
6/17 at 100.00
|
B–
|
1,295,656
|
3,930
|
|
5.875%, 6/01/47
|
6/17 at 100.00
|
B–
|
2,920,540
|
6,000
|
|
Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2010,
|
11/20 at 100.00
|
BBB+
|
6,456,480
|
|
|
5.250%, 11/01/29
|
|
|
|
3,650
|
|
Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A,
|
5/14 at 100.00
|
AA
|
3,766,873
|
|
|
5.000%, 5/01/30
|
|
|
|
1,000
|
|
Ohio Air Quality Development Authority, Ohio, Revenue Bonds, Ohio Valley Electric Corporation
|
No Opt. Call
|
BBB–
|
1,148,280
|
|
|
Project, Series 2009E, 5.625%, 10/01/19
|
|
|
|
740
|
|
Warren County, Ohio, Limited Tax General Obligations, Series 1997, 5.500%, 12/01/17
|
6/12 at 100.00
|
Aa1
|
743,093
|
20,725
|
|
Total Ohio
|
|
|
19,234,244
|
|
|
Oklahoma – 0.2% (0.1% of Total Investments)
|
|
|
|
1,000
|
|
Fort Sill Apache Tribe of Oklahoma Economic Development Authority, Gaming Enterprise Revenue
|
8/21 at 100.00
|
N/R
|
1,013,910
|
|
|
Bonds, Fort Sill Apache Casino, Series 2011A, 8.500%, 8/25/26
|
|
|
|
|
|
Pennsylvania – 3.0% (2.0% of Total Investments)
|
|
|
|
1,250
|
|
Erie Water Authority, Pennsylvania, Water Revenue Bonds, Series 2008, 5.000%, 12/01/43 –
|
12/18 at 100.00
|
AA–
|
1,340,638
|
|
|
AGM Insured
|
|
|
|
1,500
|
|
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2006-96A,
|
10/16 at 100.00
|
AA+
|
1,512,750
|
|
|
4.650%, 10/01/31 (Alternative Minimum Tax) (UB)
|
|
|
|
8,200
|
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Capital Appreciation Series 2009E,
|
12/27 at 100.00
|
A–
|
7,127,440
|
|
|
0.000%, 12/01/38
|
|
|
|
5,000
|
|
Pennsylvania Turnpike Commission, Turnpike Subordinate Revenue Bonds, Series 2009C, 0.000%,
|
6/26 at 100.00
|
AA–
|
4,748,700
|
|
|
6/01/33 – AGM Insured
|
|
|
|
3,205
|
|
Philadelphia School District, Pennsylvania, General Obligation Bonds, Series 2002B, 5.625%,
|
8/12 at 100.00
|
Aa2 (4)
|
3,292,464
|
|
|
8/01/16 (Pre-refunded 8/01/12) – FGIC Insured
|
|
|
|
19,155
|
|
Total Pennsylvania
|
|
|
18,021,992
|
|
|
Puerto Rico – 5.6% (3.8% of Total Investments)
|
|
|
|
2,500
|
|
Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A,
|
7/18 at 100.00
|
Baa2
|
2,707,600
|
|
|
6.000%, 7/01/44
|
|
|
|
4,300
|
|
Puerto Rico Housing Finance Authority, Capital Fund Program Revenue Bonds, Series 2003,
|
12/13 at 100.00
|
AA+
|
4,408,489
|
|
|
4.500%, 12/01/23 (UB)
|
|
|
|
8,200
|
|
Puerto Rico Housing Finance Authority, Capital Fund Program Revenue Bonds, Series 2003,
|
12/13 at 100.00
|
Aaa
|
8,806,882
|
|
|
4.500%, 12/01/23 (Pre-refunded 12/01/13) (UB)
|
|
|
|
12,845
|
|
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005A,
|
No Opt. Call
|
BBB+
|
1,868,819
|
|
|
0.000%, 7/01/42 – FGIC Insured
|
|
|
|
10,000
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
|
8/19 at 100.00
|
A+
|
11,329,900
|
|
|
2009A, 6.000%, 8/01/42
|
|
|
|
4,310
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
|
8/20 at 100.00
|
A+
|
4,680,445
|
|
|
2010C, 5.250%, 8/01/41
|
|
|
|
42,155
|
|
Total Puerto Rico
|
|
|
33,802,135
|
|
|
Rhode Island – 3.7% (2.5% of Total Investments)
|
|
|
|
2,015
|
|
Central Falls, Rhode Island, General Obligation School Bonds, Series 1999, 6.250%, 5/15/20 –
|
5/12 at 100.00
|
Caa1
|
1,504,359
|
|
|
RAAI Insured
|
|
|
|
5,815
|
|
Rhode Island Convention Center Authority, Lease Revenue Bonds, Series 2003A, 5.000%, 5/15/18 –
|
No Opt. Call
|
AA–
|
6,070,337
|
|
|
AGM Insured
|
|
|
|
|
|
Rhode Island Housing & Mortgage Finance Corporation, Homeownership Opportunity 57-B Bond
|
|
|
|
|
|
Program, Series 2008, Trust 1177:
|
|
|
|
1,500
|
|
9.629%, 4/01/23 (Alternative Minimum Tax) (IF)
|
4/17 at 100.00
|
AA+
|
1,593,450
|
1,000
|
|
9.729%, 4/01/23 (Alternative Minimum Tax) (IF)
|
4/17 at 100.00
|
AA+
|
1,054,800
|
12,500
|
|
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,
|
6/12 at 100.00
|
BBB
|
12,510,625
|
|
|
Series 2002A, 6.125%, 6/01/32
|
|
|
|
22,830
|
|
Total Rhode Island
|
|
|
22,733,571
|
|
|
South Carolina – 0.6% (0.4% of Total Investments)
|
|
|
|
2,045
|
|
Florence County, South Carolina, Hospital Revenue Bonds, McLeod Regional Medical Center,
|
11/14 at 100.00
|
AA–
|
2,148,191
|
|
|
Series 2004A, 5.250%, 11/01/27 – AGM Insured
|
|
|
|
1,500
|
|
Greenville, South Carolina, Hospital Facilities Revenue Bonds, Series 2001, 5.000%, 5/01/31 –
|
5/12 at 100.00
|
AA–
|
1,504,605
|
|
|
AMBAC Insured
|
|
|
|
3,545
|
|
Total South Carolina
|
|
|
3,652,796
|
|
|
Tennessee – 0.4% (0.3% of Total Investments)
|
|
|
|
2,310
|
|
Sullivan County Health Educational and Housing Facilities Board, Tennessee, Revenue Bonds,
|
9/16 at 100.00
|
BBB+
|
2,359,365
|
|
|
Wellmont Health System, Series 2006C, 5.250%, 9/01/36
|
|
|
|
1,500
|
|
Sumner County Health, Educational, and Housing Facilities Board, Tennessee, Revenue Refunding
|
11/17 at 100.00
|
N/R
|
110,865
|
|
|
Bonds, Sumner Regional Health System Inc., Series 2007, 5.500%, 11/01/46 (5) (6)
|
|
|
|
3,810
|
|
Total Tennessee
|
|
|
2,470,230
|
|
|
Texas – 10.3% (7.0% of Total Investments)
|
|
|
|
2,560
|
|
Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric
|
4/13 at 101.00
|
Ca
|
467,866
|
|
|
Company, Series 1999C, 7.700%, 3/01/32 (Alternative Minimum Tax)
|
|
|
|
2,000
|
|
Capital Area Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds,
|
4/20 at 100.00
|
Baa2
|
2,164,500
|
|
|
The Roman Catholic Diocese of Austin, Series 2005B, Remarketed, 6.125%, 4/01/45
|
|
|
|
2,845
|
|
Cedar Hill Independent School District, Dallas County, Texas, General Obligation Bonds,
|
8/15 at 100.00
|
AAA
|
3,164,550
|
|
|
Refunding School Building Series 2005, 5.000%, 8/15/34
|
|
|
|
2,820
|
|
Central Texas Regional Mobility Authority, Travis and Williamson Counties, Toll Road Revenue
|
1/15 at 100.00
|
BBB
|
2,692,987
|
|
|
Bonds, Series 2005, 5.000%, 1/01/45 – FGIC Insured
|
|
|
|
2,100
|
|
Denton Independent School District, Denton County, Texas, General Obligation Bonds, Refunding
|
8/14 at 100.00
|
AAA
|
2,205,336
|
|
|
Series 2004, 5.000%, 8/15/33
|
|
|
|
3,370
|
|
Denton Independent School District, Denton County, Texas, General Obligation Bonds, Series
|
8/12 at 100.00
|
AAA
|
3,449,734
|
|
|
2002, 5.000%, 8/15/33
|
|
|
|
2,305
|
|
Harris County-Houston Sports Authority, Texas, Senior Lien Revenue Refunding Bonds, Series
|
No Opt. Call
|
BBB
|
1,329,501
|
|
|
2001A, 0.000%, 11/15/20 – NPFG Insured
|
|
|
|
|
|
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment
|
|
|
|
|
|
Project, Series 2001B:
|
|
|
|
3,130
|
|
0.000%, 9/01/30 – AMBAC Insured
|
No Opt. Call
|
A2
|
1,228,838
|
12,030
|
|
0.000%, 9/01/31 – AMBAC Insured
|
No Opt. Call
|
A2
|
4,423,190
|
30,095
|
|
Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation
|
8/12 at 27.94
|
AAA
|
8,324,578
|
|
|
Bonds, Series 2004, 0.000%, 8/15/34
|
|
|
|
9,345
|
|
Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation
|
8/15 at 37.33
|
AAA
|
3,004,885
|
|
|
Bonds, Series 2005, 0.000%, 8/15/33 – FGIC Insured
|
|
|
|
33,160
|
|
Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation
|
8/14 at 26.50
|
AAA
|
8,151,391
|
|
|
Bonds, Series 2006, 0.000%, 8/15/38
|
|
|
|
1,500
|
|
Lower Colorado River Authority, Texas, Refunding Revenue Bonds, Series 2010, 5.000%, 5/15/12
|
No Opt. Call
|
A1
|
1,520,610
|
5,250
|
|
Midlothian Independent School District, Ellis County, Texas, General Obligation Bonds, Series
|
2/15 at 100.00
|
Aaa
|
5,547,255
|
|
|
2005, 5.000%, 2/15/34
|
|
|
|
3,755
|
|
Northside Independent School District, Bexar County, Texas, General Obligation Bonds, Series
|
2/12 at 100.00
|
AAA
|
3,767,579
|
|
|
2001A, 5.000%, 8/01/31
|
|
|
|
1,000
|
|
San Antonio, Texas, Water System Revenue Bonds, Series 2005, 4.750%, 5/15/37 – NPFG Insured
|
5/15 at 100.00
|
Aa1
|
1,044,000
|
3,295
|
|
Tarrant County Cultural & Educational Facilities Financing Corporation, Texas, Revenue Bonds,
|
2/17 at 100.00
|
AA–
|
3,844,705
|
|
|
Series 2007, Residuals 1761, 17.074%, 2/15/36 (IF)
|
|
|
|
7,000
|
|
White Settlement Independent School District, Tarrant County, Texas, General Obligation Bonds,
|
8/15 at 34.92
|
AAA
|
2,135,070
|
|
|
Series 2005, 0.000%, 8/15/35
|
|
|
|
|
|
Wylie Independent School District, Collin County, Texas, General Obligation Bonds, Series 2005:
|
|
|
|
3,000
|
|
0.000%, 8/15/20
|
8/15 at 78.46
|
AAA
|
2,229,900
|
3,000
|
|
0.000%, 8/15/22
|
8/15 at 70.77
|
AAA
|
1,991,640
|
133,560
|
|
Total Texas
|
|
|
62,688,115
|
|
|
Utah – 0.0% (0.0% of Total Investments)
|
|
|
|
210
|
|
Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 2000F-2, Class III, 6.000%,
|
7/12 at 100.00
|
AA–
|
210,355
|
|
|
1/01/15 (Alternative Minimum Tax)
|
|
|
|
|
|
Virginia – 0.2% (0.2% of Total Investments)
|
|
|
|
1,500
|
|
Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Mortgage
|
10/17 at 100.00
|
N/R
|
1,526,070
|
|
|
Revenue Bonds, Goodwin House, Inc., Series 2007A, 5.125%, 10/01/42
|
|
|
|
|
|
Washington – 7.8% (5.3% of Total Investments)
|
|
|
|
4,000
|
|
Energy Northwest, Washington, Electric Revenue Refunding Bonds, Nuclear Project 3, Series
|
7/13 at 100.00
|
Aa1
|
4,263,400
|
|
|
2003A, 5.500%, 7/01/17 – SYNCORA GTY Insured
|
|
|
|
1,825
|
|
Kennewick Public Facilities District, Washington, Sales Tax Revenue Bonds, Series 2003,
|
6/13 at 100.00
|
A1 (4)
|
1,940,869
|
|
|
5.000%, 12/01/20 (Pre-refunded 6/01/13) – AMBAC Insured
|
|
|
|
2,000
|
|
Washington State Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer
|
7/19 at 100.00
|
A
|
2,205,200
|
|
|
Research Center, Series 2009A, 6.000%, 1/01/33
|
|
|
|
5,935
|
|
Washington State Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds,
|
6/13 at 100.00
|
A3
|
6,197,446
|
|
|
Series 2002, 6.500%, 6/01/26
|
|
|
|
3,350
|
|
Washington, General Obligation Compound Interest Bonds, Series 1999S-2, 0.000%, 1/01/18 –
|
No Opt. Call
|
AA+
|
3,063,810
|
|
|
AGM Insured
|
|
|
|
|
|
Washington, General Obligation Compound Interest Bonds, Series 1999S-3:
|
|
|
|
17,650
|
|
0.000%, 1/01/20
|
No Opt. Call
|
AA+
|
15,047,684
|
18,470
|
|
0.000%, 1/01/21
|
No Opt. Call
|
AA+
|
14,963,655
|
53,230
|
|
Total Washington
|
|
|
47,682,064
|
|
|
Wisconsin – 5.9% (4.0% of Total Investments)
|
|
|
|
1,690
|
|
Green Bay, Wisconsin, Water System Revenue Bonds, Series 2004, 5.000%, 11/01/29 (Pre-refunded
|
11/14 at 100.00
|
Aa2 (4)
|
1,903,633
|
|
|
11/01/14) – AGM Insured
|
|
|
|
560
|
|
Green Bay, Wisconsin, Water System Revenue Bonds, Series 2004, 5.000%, 11/01/29 – AGM Insured
|
11/14 at 100.00
|
Aa2
|
588,342
|
7,410
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ascension Health, Series
|
11/16 at 100.00
|
AA+
|
7,760,864
|
|
|
2006A, 5.000%, 11/15/36
|
|
|
|
4,330
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Childrens Hospital of
|
2/20 at 100.00
|
AA–
|
4,946,852
|
|
|
Wisconsin Inc., Series 2008B, 5.500%, 8/15/29
|
|
|
|
12,725
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Health System
|
2/12 at 100.00
|
A2
|
12,742,052
|
|
|
Corporation, Series 1999, 5.500%, 8/15/25 – AMBAC Insured
|
|
|
|
2,200
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan
|
8/13 at 100.00
|
BBB+
|
2,188,582
|
|
|
Services Inc., Series 2003A, 5.125%, 8/15/33
|
|
|
|
5,000
|
|
Wisconsin State, General Fund Annual Appropriation Revenue Bonds, Refunding Series 2009A,
|
5/19 at 100.00
|
AA–
|
5,950,850
|
|
|
6.000%, 5/01/36
|
|
|
|
33,915
|
|
Total Wisconsin
|
|
|
36,081,175
|
$ 1,104,795
|
|
Total Municipal Bonds (cost $844,580,426)
|
|
|
900,056,500
|
|
|
|
|
|
|
Shares
|
|
Description (1)
|
|
|
Value
|
|
|
Investment Companies – 0.1% (0.1% of Total Investments)
|
|
|
|
8,812
|
|
BlackRock MuniHoldings Fund Inc.
|
|
|
$ 158,175
|
32,332
|
|
Invesco Quality Municipal Income Trust
|
|
|
449,738
|
|
|
Total Investment Companies (cost $528,388)
|
|
|
607,913
|
|
|
Total Investments (cost $845,108,814) – 148.3%
|
|
|
900,664,413
|
|
|
Floating Rate Obligations – (8.5)%
|
|
|
(51,605,000)
|
|
|
MuniFund Term Preferred Shares, at Liquidation Value – (23.8)% (7)
|
|
|
(144,300,000)
|
|
|
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value – (19.8)% (7)
|
|
|
(120,400,000)
|
|
|
Other Assets Less Liabilities – 3.8%
|
|
|
22,996,076
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 607,355,489
|