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|
|
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|
Portfolio of Investments (Unaudited)
|
|
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|
|
|
Nuveen Ohio Dividend Advantage Municipal Fund (NXI)
|
|
|
|
|
|
November 30, 2011
|
|
|
|
Principal
|
|
|
Optional Call
|
|
|
Amount (000)
|
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Consumer Staples – 5.5% (3.9% of Total Investments)
|
|
|
|
|
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
|
|
|
|
|
|
Bonds, Senior Lien, Series 2007A-2:
|
|
|
|
$ 1,500
|
|
5.125%, 6/01/24
|
6/17 at 100.00
|
BB–
|
$ 1,135,695
|
3,300
|
|
5.875%, 6/01/47
|
6/17 at 100.00
|
BB–
|
2,310,957
|
45
|
|
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,
|
5/12 at 100.00
|
BBB
|
42,118
|
|
|
Series 2002, 5.375%, 5/15/33
|
|
|
|
4,845
|
|
Total Consumer Staples
|
|
|
3,488,770
|
|
|
Education and Civic Organizations – 12.7% (9.0% of Total Investments)
|
|
|
|
275
|
|
Miami University of Ohio, General Receipts Bonds, Series 2011, 5.000%, 9/01/36 (WI/DD,
|
9/21 at 100.00
|
AA
|
285,849
|
|
|
Settling 12/21/11)
|
|
|
|
700
|
|
Ohio Higher Education Facilities Commission, General Revenue Bonds, Kenyon College, Series
|
7/16 at 100.00
|
A+
|
709,268
|
|
|
2006, 5.000%, 7/01/41
|
|
|
|
2,650
|
|
Ohio Higher Education Facilities Commission, Revenue Bonds, Ohio Northern University, Series
|
5/12 at 100.00
|
Baa2
|
2,628,668
|
|
|
2002, 5.000%, 5/01/22
|
|
|
|
500
|
|
Ohio Higher Education Facilities Commission, Revenue Bonds, Wittenberg University, Series
|
12/15 at 100.00
|
Ba1
|
440,045
|
|
|
2005, 5.000%, 12/01/24
|
|
|
|
1,000
|
|
Ohio State Higher Educational Facility Commission, Higher Education Facility Revenue Bonds,
|
11/18 at 100.00
|
A–
|
1,088,760
|
|
|
Xavier University 2008C, 5.750%, 5/01/28
|
|
|
|
950
|
|
Ohio State, Higher Educational Facility Revenue Bonds, Otterbein College Project, Series
|
12/18 at 100.00
|
A3
|
1,021,573
|
|
|
2008A, 5.500%, 12/01/28
|
|
|
|
1,760
|
|
Ohio University at Athens, Subordinate Lien General Receipts Bonds, Series 2004, 5.000%,
|
6/14 at 100.00
|
Aa3
|
1,898,477
|
|
|
12/01/20 – NPFG Insured
|
|
|
|
7,835
|
|
Total Education and Civic Organizations
|
|
|
8,072,640
|
|
|
Energy – 1.5% (1.1% of Total Investments)
|
|
|
|
1,000
|
|
Virgin Islands Public Finance Authority, Refinery Facilities Revenue Bonds, Hovensa Coker
|
1/13 at 100.00
|
Ba2
|
956,370
|
|
|
Project, Senior Lien Series 2002, 6.500%, 7/01/21 (Alternative Minimum Tax)
|
|
|
|
|
|
Health Care – 27.9% (19.8% of Total Investments)
|
|
|
|
65
|
|
Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Facilities Revenue
|
11/14 at 100.00
|
Baa1
|
63,062
|
|
|
Bonds, Summa Health System, Series 2004A, 5.500%, 11/15/34 – RAAI Insured
|
|
|
|
500
|
|
Allen County, Ohio, Hospital Facilities Revenue Bonds, Catholic Healthcare Partners, Series
|
6/20 at 100.00
|
AA–
|
509,785
|
|
|
2010A, 5.250%, 6/01/38
|
|
|
|
1,385
|
|
Butler County, Ohio, Hospital Facilities Revenue Bonds, Cincinnati Children’s Medical Center
|
5/16 at 100.00
|
N/R
|
1,297,357
|
|
|
Project, Series 2006K, 5.000%, 5/15/31 – FGIC Insured
|
|
|
|
1,100
|
|
Cuyahoga County, Ohio, Revenue Refunding Bonds, Cleveland Clinic Health System, Series 2003A,
|
7/13 at 100.00
|
Aa2
|
1,156,309
|
|
|
6.000%, 1/01/32
|
|
|
|
1,300
|
|
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project,
|
11/19 at 100.00
|
Aa2
|
1,329,939
|
|
|
Improvement Series 2009, 5.250%, 11/01/40
|
|
|
|
600
|
|
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project, Series
|
11/18 at 100.00
|
Aa2
|
603,636
|
|
|
2005, 5.000%, 11/01/40
|
|
|
|
1,280
|
|
Franklin County, Ohio, Hospital Revenue Bonds, OhioHealth Corporation, Tender Option Bond
|
11/21 at 100.00
|
AA
|
1,298,918
|
|
|
Trust 11-21B, 9.304%, 11/15/41 (IF) (4)
|
|
|
|
2,000
|
|
Hamilton County, Ohio, Revenue Bonds, Children’s Hospital Medical Center, Series 2004J,
|
5/14 at 100.00
|
BBB
|
1,939,420
|
|
|
5.125%, 5/15/28 – FGIC Insured
|
|
|
|
1,000
|
|
Hancock County, Ohio, Hospital Revenue Bonds, Blanchard Valley Regional Health Center, Series
|
6/21 at 100.00
|
A3
|
1,070,590
|
|
|
2011A, 6.250%, 12/01/34
|
|
|
|
500
|
|
Lorain County, Ohio, Hospital Revenue Refunding and Improvement Bonds, Catholic Healthcare
|
10/12 at 100.00
|
AA–
|
502,475
|
|
|
Partners, Refunding Series 2002, 5.375%, 10/01/30
|
|
|
|
290
|
|
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series
|
11/21 at 100.00
|
AA–
|
317,886
|
|
|
2011A, 6.000%, 11/15/41
|
|
|
|
330
|
|
Miami County, Ohio, Hospital Facilities Revenue Refunding Bonds, Upper Valley Medical Center
|
5/16 at 100.00
|
A2
|
347,292
|
|
|
Inc., Series 2006, 5.250%, 5/15/21
|
|
|
|
1,000
|
|
Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A,
|
5/14 at 100.00
|
AA
|
1,011,650
|
|
|
5.000%, 5/01/30
|
|
|
|
375
|
|
Montgomery County, Ohio, Revenue Bonds, Miami Valley Hospital, Series 2009A, 6.250%, 11/15/39
|
11/14 at 100.00
|
Aa3
|
392,396
|
|
|
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Cleveland Clinic
|
|
|
|
|
|
Health System Obligated Group, Series 2008A:
|
|
|
|
1,050
|
|
5.000%, 1/01/25
|
1/18 at 100.00
|
Aa2
|
1,115,216
|
90
|
|
5.250%, 1/01/33
|
1/18 at 100.00
|
Aa2
|
92,999
|
|
|
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Summa Health
|
|
|
|
|
|
System Project, Series 2010:
|
|
|
|
1,100
|
|
5.750%, 11/15/40 – AGM Insured
|
5/20 at 100.00
|
AA–
|
1,136,839
|
80
|
|
5.250%, 11/15/40 – AGM Insured
|
5/20 at 100.00
|
AA–
|
80,465
|
250
|
|
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, University
|
1/15 at 100.00
|
A
|
260,550
|
|
|
Hospitals Health System, Series 2009, 6.750%, 1/15/39
|
|
|
|
200
|
|
Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System
|
1/19 at 100.00
|
Aa2
|
208,622
|
|
|
Obligated Group, Series 2009A, 5.500%, 1/01/39
|
|
|
|
|
|
Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System
|
|
|
|
|
|
Obligated Group, Tender Option Bond Trust 3551:
|
|
|
|
250
|
|
19.675%, 1/01/17 (IF)
|
No Opt. Call
|
Aa2
|
286,790
|
1,225
|
|
20.215%, 1/01/33 (IF)
|
1/19 at 100.00
|
Aa2
|
1,436,239
|
65
|
|
Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System
|
No Opt. Call
|
Aa2
|
76,209
|
|
|
Obligated Group, Tender Option Bond Trust 3591, 20.372%, 1/01/17 (IF)
|
|
|
|
335
|
|
Richland County, Ohio, Hospital Facilities Revenue Improvement Bonds, MedCentral Health System
|
11/12 at 100.00
|
A–
|
337,064
|
|
|
Obligated Group, Series 2000B, 6.375%, 11/15/30
|
|
|
|
500
|
|
Richland County, Ohio, Hospital Revenue Bonds, MidCentral Health System Group, Series 2006,
|
11/16 at 100.00
|
A–
|
503,780
|
|
|
5.250%, 11/15/36
|
|
|
|
375
|
|
Ross County, Ohio, Hospital Revenue Refunding Bonds, Adena Health System Series 2008,
|
12/18 at 100.00
|
A
|
384,656
|
|
|
5.750%, 12/01/35
|
|
|
|
17,245
|
|
Total Health Care
|
|
|
17,760,144
|
|
|
Housing/Multifamily – 4.0% (2.8% of Total Investments)
|
|
|
|
1,165
|
|
Cleveland-Cuyahoga County Port Authority, Ohio, Lease Revenue Bonds, Euclid Avenue Housing
|
8/15 at 100.00
|
N/R
|
1,001,201
|
|
|
Corporation – Fenn Tower Project, Series 2005, 5.000%, 8/01/23 – AMBAC Insured
|
|
|
|
350
|
|
Montgomery County, Ohio, GNMA Guaranteed Multifamily Housing Revenue Bonds, Canterbury Court
|
10/18 at 101.00
|
Aa1
|
361,274
|
|
|
Project, Series 2007, 5.500%, 10/20/42 (Alternative Minimum Tax)
|
|
|
|
285
|
|
Ohio Housing Finance Agency, FHA-Insured Multifamily Housing Mortgage Revenue Bonds, Madonna
|
6/16 at 102.00
|
Aaa
|
277,847
|
|
|
Homes, Series 2006M, 4.900%, 6/20/48 (Alternative Minimum Tax)
|
|
|
|
915
|
|
Summit County Port Authority, Ohio, Multifamily Housing Revenue Bonds, Callis Tower Apartments
|
9/17 at 102.00
|
Aaa
|
926,849
|
|
|
Project, Series 2007, 5.250%, 9/20/47 (Alternative Minimum Tax)
|
|
|
|
2,715
|
|
Total Housing/Multifamily
|
|
|
2,567,171
|
|
|
Housing/Single Family – 0.4% (0.3% of Total Investments)
|
|
|
|
250
|
|
Ohio Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2006H, 5.000%,
|
9/15 at 100.00
|
Aaa
|
251,040
|
|
|
9/01/31 (Alternative Minimum Tax)
|
|
|
|
|
|
Industrials – 6.7% (4.8% of Total Investments)
|
|
|
|
1,500
|
|
Cleveland-Cuyahoga County Port Authority, Ohio, Common Bond Fund Revenue Bonds, Cleveland
|
5/12 at 102.00
|
BBB–
|
1,466,895
|
|
|
Christian Home Project, Series 2002C, 5.950%, 5/15/22
|
|
|
|
290
|
|
Cleveland-Cuyahoga County Port Authority, Ohio, Development Revenue Bonds, Bond Fund Program –
|
11/15 at 100.00
|
BBB–
|
265,028
|
|
|
Columbia National Group Project, Series 2005D, 5.000%, 5/15/20 (Alternative Minimum Tax)
|
|
|
|
880
|
|
Ohio State Water Development Authority, Solid Waste Revenue Bonds, Allied Waste Industries,
|
7/12 at 100.00
|
BBB
|
897,204
|
|
|
Inc., Series 2007A, 5.150%, 7/15/15 (Alternative Minimum Tax)
|
|
|
|
1,300
|
|
Toledo-Lucas County Port Authority, Ohio, Revenue Refunding Bonds, CSX Transportation Inc.,
|
No Opt. Call
|
Baa3
|
1,525,953
|
|
|
Series 1992, 6.450%, 12/15/21
|
|
|
|
700
|
|
Western Reserve Port Authority, Ohio, Solid Waste Facility Revenue Bonds, Central Waste Inc.,
|
7/17 at 102.00
|
N/R
|
124,530
|
|
|
Series 2007A, 6.350%, 7/01/27 (Alternative Minimum Tax) (5), (6)
|
|
|
|
4,670
|
|
Total Industrials
|
|
|
4,279,610
|
|
|
Long-Term Care – 1.1% (0.8% of Total Investments)
|
|
|
|
215
|
|
Franklin County, Ohio, Healthcare Facilities Revenue Bonds, Ohio Presbyterian Retirement
|
7/21 at 100.00
|
BBB
|
217,174
|
|
|
Services, Improvement Series 2010A, 5.625%, 7/01/26
|
|
|
|
470
|
|
Montgomery County, Ohio, Health Care and Multifamily Housing Revenue Bonds, Saint Leonard,
|
4/20 at 100.00
|
BBB–
|
471,885
|
|
|
Refunding & improvement Series 2010, 6.625%, 4/01/40
|
|
|
|
685
|
|
Total Long-Term Care
|
|
|
689,059
|
|
|
Tax Obligation/General – 25.8% (18.3% of Total Investments)
|
|
|
|
125
|
|
Barberton City School District, Summit County, Ohio, General Obligation Bonds, School
|
6/18 at 100.00
|
AA
|
132,949
|
|
|
Improvement Series 2008, 5.250%, 12/01/31
|
|
|
|
1,500
|
|
Centerville City School District, Montgomery County, Ohio, General Obligation Bonds, Series
|
6/15 at 100.00
|
Aa1
|
1,558,770
|
|
|
2005, 5.000%, 12/01/30 – AGM Insured
|
|
|
|
|
|
Columbus City School District, Franklin County, Ohio, General Obligation Bonds, Series 2006:
|
|
|
|
400
|
|
0.000%, 12/01/27 – AGM Insured
|
No Opt. Call
|
AA
|
189,332
|
1,735
|
|
0.000%, 12/01/28 – AGM Insured
|
No Opt. Call
|
AA
|
771,208
|
400
|
|
Cuyahoga County, Ohio, General Obligation Bonds, Series 2004, 5.000%, 12/01/21
|
12/14 at 100.00
|
AA+
|
440,484
|
1,355
|
|
Franklin County, Ohio, General Obligation Bonds, Series 2007, 5.000%, 12/01/27
|
12/17 at 100.00
|
AAA
|
1,479,132
|
470
|
|
Green, Ohio, General Obligation Bonds, Series 2008, 5.500%, 12/01/32
|
12/15 at 100.00
|
AA
|
492,739
|
2,550
|
|
Hamilton City School District, Ohio, General Obligation Bonds, Series 2007, 5.000%, 12/01/34 –
|
6/17 at 100.00
|
AA–
|
2,614,668
|
|
|
AGM Insured
|
|
|
|
2,000
|
|
Indian Lake Local School District, Logan and Auglaize Counties, Ohio, School Facilities
|
6/17 at 100.00
|
Aa3
|
2,066,480
|
|
|
Improvement and Refunding Bonds, Series 2007, 5.000%, 12/01/34 – NPFG Insured
|
|
|
|
430
|
|
Lakewood City School District, Cuyahoga County, Ohio, General Obligation Bonds, Series 2007,
|
12/17 at 100.00
|
Aa2
|
450,756
|
|
|
5.000%, 12/01/30 – FGIC Insured
|
|
|
|
400
|
|
Lucas County, Ohio, General Obligation Bonds, Various Purpose Series 2010, 5.000%, 10/01/40
|
10/18 at 100.00
|
Aa2
|
411,988
|
1,005
|
|
Marysville Exempted School District, Union County, Ohio, General Obligation Bonds, Series
|
12/15 at 100.00
|
AA–
|
1,056,175
|
|
|
2006, 5.000%, 12/01/25 – AGM Insured
|
|
|
|
200
|
|
Mason City School District, Counties of Warren and Butler, Ohio, General Obligation Bonds,
|
6/17 at 100.00
|
Aaa
|
211,766
|
|
|
Series 2007, 5.000%, 12/01/31
|
|
|
|
1,000
|
|
Middletown City School District, Butler County, Ohio, General Obligation Bonds, Refunding
|
No Opt. Call
|
Aa3
|
1,124,430
|
|
|
Series 2007, 5.250%, 12/01/31 – AGM Insured
|
|
|
|
50
|
|
Milford Exempted Village School District, Ohio, General Obligation Bonds, Series 2008,
|
12/18 at 100.00
|
Aa3
|
51,942
|
|
|
5.250%, 12/01/36
|
|
|
|
750
|
|
Northmor Local School District, Morrow County, Ohio, General Obligation School Facilities
|
11/18 at 100.00
|
Aa2
|
774,533
|
|
|
Construction and Improvement Bonds, Series 2008, 5.000%, 11/01/36
|
|
|
|
50
|
|
Sylvania City School District, Ohio, General Obligation School Improvement Bonds, Series 1995,
|
6/17 at 100.00
|
Aa2
|
51,823
|
|
|
5.250%, 12/01/36 – AGC Insured
|
|
|
|
2,415
|
|
Troy City School District, Miami County, Ohio, General Obligation Bonds, Series 2005, 5.000%,
|
12/14 at 100.00
|
Aa2
|
2,505,200
|
|
|
12/01/28 – AGM Insured
|
|
|
|
50
|
|
Vandalia Butler City School District, Montgomery County, Ohio, General Obligation Bonds,
|
No Opt. Call
|
AA
|
52,344
|
|
|
School Improvement Series 2009, 5.125%, 12/01/37
|
|
|
|
16,885
|
|
Total Tax Obligation/General
|
|
|
16,436,719
|
|
|
Tax Obligation/Limited – 22.4% (15.8% of Total Investments)
|
|
|
|
125
|
|
Cincinnati City School District, Ohio, Certificates of Participation, Series 2006, 5.000%,
|
12/16 at 100.00
|
Aa2
|
130,104
|
|
|
12/15/32 – AGM Insured
|
|
|
|
2,000
|
|
Cuyhoga County, Ohio, Economic Development Revenue Bonds, Federally Taxable Recovery Zone
|
12/20 at 100.00
|
AA
|
2,169,640
|
|
|
Facility Medical Mart- Convention Center Project, Series 2010G, 5.000%, 12/01/27
|
|
|
|
50
|
|
Delaware County District Library, Delaware, Franklin, Marion, Morrow and Union Counties, Ohio,
|
12/19 at 100.00
|
Aa2
|
52,991
|
|
|
Library Fund Library Facilities Special Obligation Notes, Series 2009, 5.000%, 12/01/34
|
|
|
|
2,000
|
|
Franklin County Convention Facilities Authority, Ohio, Excise Tax and Lease Revenue
|
12/15 at 100.00
|
Aaa
|
2,104,660
|
|
|
Anticipation Bonds, Series 2005, 5.000%, 12/01/27 – AMBAC Insured
|
|
|
|
525
|
|
Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.125%, 1/01/42 (WI/DD,
|
1/22 at 100.00
|
A
|
534,083
|
|
|
Settling 12/01/11)
|
|
|
|
1,415
|
|
Hamilton County Convention Facilities Authority, Ohio, First Lien Revenue Bonds, Series 2004,
|
6/14 at 100.00
|
A+
|
1,515,437
|
|
|
5.000%, 12/01/21 – FGIC Insured
|
|
|
|
1,500
|
|
Hamilton County, Ohio, Sales Tax Bonds, Subordinate Lien, Series 2006A, 5.000%, 12/01/32 –
|
12/16 at 100.00
|
A1
|
1,532,250
|
|
|
AMBAC Insured
|
|
|
|
1,000
|
|
Hamilton County, Ohio, Sales Tax Bonds, Subordinate Series 2000B, 0.000%, 12/01/28 –
|
No Opt. Call
|
AA–
|
428,630
|
|
|
AGM Insured
|
|
|
|
500
|
|
New Albany Community Authority, Ohio, Community Facilities Revenue Refunding Bonds, Series
|
4/12 at 100.00
|
A1
|
504,885
|
|
|
2001B, 5.500%, 10/01/15 – AMBAC Insured
|
|
|
|
345
|
|
Ohio State Building Authority, State Facilities Bonds, Administrative Building Fund Projects,
|
4/15 at 100.00
|
AA
|
373,594
|
|
|
Series 2005A, 5.000%, 4/01/25 – AGM Insured
|
|
|
|
1,000
|
|
Ohio State Building Authority, State Facilities Bonds, Adult Correctional Building Fund
|
4/15 at 100.00
|
AA
|
1,097,170
|
|
|
Project, Series 2005A, 5.000%, 4/01/23 – AGM Insured
|
|
|
|
5,220
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
|
No Opt. Call
|
A+
|
1,289,236
|
|
|
2009A, 0.000%, 8/01/34
|
|
|
|
5,250
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2010A,
|
No Opt. Call
|
A+
|
1,207,920
|
|
|
0.000%, 8/01/35
|
|
|
|
1,280
|
|
Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Series 1999A,
|
4/12 at 100.00
|
BBB+
|
1,282,701
|
|
|
6.375%, 10/01/19
|
|
|
|
22,210
|
|
Total Tax Obligation/Limited
|
|
|
14,223,301
|
|
|
Transportation – 0.7% (0.5% of Total Investments)
|
|
|
|
425
|
|
Dayton, Ohio, Airport Revenue Bonds, James M. Cox International Airport, Series 2003C, 5.250%,
|
12/13 at 100.00
|
A–
|
431,367
|
|
|
12/01/23 – RAAI Insured (Alternative Minimum Tax)
|
|
|
|
|
|
U.S. Guaranteed – 16.5% (11.7% of Total Investments) (7)
|
|
|
|
1,000
|
|
Columbus City School District, Franklin County, Ohio, General Obligation Bonds, Series 2004,
|
12/14 at 100.00
|
AA (7)
|
1,141,260
|
|
|
5.500%, 12/01/15 (Pre-refunded 12/01/14) – AGM Insured
|
|
|
|
1,000
|
|
Lakewood City School District, Cuyahoga County, Ohio, General Obligation Bonds, Series 2004,
|
12/14 at 100.00
|
Aa2 (7)
|
1,137,050
|
|
|
5.250%, 12/01/16 (Pre-refunded 12/01/14) – AGM Insured
|
|
|
|
1,000
|
|
Middletown City School District, Butler County, Ohio, General Obligation Bonds, Series 2004,
|
12/13 at 100.00
|
N/R (7)
|
1,090,990
|
|
|
5.000%, 12/01/25 (Pre-refunded 12/01/13) – FGIC Insured
|
|
|
|
325
|
|
Ohio Water Development Authority, Revenue Bonds, Drinking Water Assistance Fund, State Match,
|
6/18 at 100.00
|
AAA
|
394,306
|
|
|
Series 2008, 5.000%, 6/01/28 (Pre-refunded 6/01/18) – AGM Insured
|
|
|
|
1,645
|
|
Ohio Water Development Authority, Revenue Bonds, Water Development Community Assistance
|
12/13 at 100.00
|
Aa1 (7)
|
1,794,679
|
|
|
Program, Series 2003, 5.000%, 12/01/23 (Pre-refunded 12/01/13) – NPFG Insured
|
|
|
|
1,900
|
|
Olentangy Local School District, Delaware and Franklin Counties, Ohio, General Obligation
|
6/14 at 100.00
|
AA+ (7)
|
2,119,754
|
|
|
Bonds, Series 2004A, 5.250%, 12/01/23 (Pre-refunded 6/01/14) – FGIC Insured
|
|
|
|
2,735
|
|
University of Cincinnati, Ohio, General Receipts Bonds, Series 2002F, 5.375%, 6/01/19
|
6/12 at 100.00
|
A+ (7)
|
2,805,973
|
|
|
(Pre-refunded 6/01/12)
|
|
|
|
9,605
|
|
Total U.S. Guaranteed
|
|
|
10,484,012
|
|
|
Utilities – 10.3% (7.3% of Total Investments)
|
|
|
|
|
|
American Municipal Power Ohio Inc., General Revenue Bonds, Prairie State Energy Campus Project
|
|
|
|
|
|
Series 2008A:
|
|
|
|
50
|
|
5.000%, 2/15/38 – AGC Insured
|
2/18 at 100.00
|
AA–
|
51,324
|
1,000
|
|
5.250%, 2/15/43
|
2/18 at 100.00
|
A1
|
1,040,440
|
1,440
|
|
American Municipal Power Ohio Inc., Wadsworth, Electric System Improvement Revenue Bonds,
|
2/12 at 100.00
|
A2
|
1,450,037
|
|
|
Series 2002, 5.250%, 2/15/17 – NPFG Insured
|
|
|
|
2,130
|
|
Cleveland, Ohio, Public Power System Revenue Bonds, Series 2008B, 0.000%, 11/15/32 –
|
No Opt. Call
|
A2
|
707,862
|
|
|
NPFG Insured
|
|
|
|
2,265
|
|
Ohio Air Quality Development Authority, Revenue Refunding Bonds, Ohio Power Company Project,
|
5/12 at 100.00
|
Baa1
|
2,265,882
|
|
|
Series 1999C, 5.150%, 5/01/26 – AMBAC Insured
|
|
|
|
1,000
|
|
Ohio Municipal Electric Generation Agency, Beneficial Interest Certificates, Belleville
|
2/14 at 100.00
|
A1
|
1,045,509
|
|
|
Hydroelectric Project – Joint Venture 5, Series 2004, 5.000%, 2/15/21 – AMBAC Insured
|
|
|
|
7,885
|
|
Total Utilities
|
|
|
6,561,054
|
|
|
Water and Sewer – 5.5% (3.9% of Total Investments)
|
|
|
|
175
|
|
City of Marysville, Ohio, Water System Mortgage Revenue Bonds, Series 2007, 5.000%, 12/01/32 –
|
12/17 at 100.00
|
A1
|
180,253
|
|
|
AMBAC Insured
|
|
|
|
925
|
|
Ironton, Ohio, Sewer System Improvement Revenue Bonds, Series 2011, 5.250%, 12/01/40 –
|
12/20 at 100.00
|
Aa3
|
967,873
|
|
|
AGM Insured
|
|
|
|
500
|
|
Marysville, Ohio, Wastewater Treatment System Revenue Bonds, Series 2006, 5.250%, 12/01/24 –
|
12/16 at 100.00
|
A–
|
531,834
|
|
|
SYNCORA GTY Insured
|
|
|
|
730
|
|
Ohio Water Development Authority, Revenue Bonds, Water Development Community Assistance
|
12/13 at 100.00
|
Aa1
|
777,164
|
|
|
Program, Series 2003, 5.000%, 12/01/23 – NPFG Insured
|
|
|
|
1,000
|
|
Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A,
|
7/18 at 100.00
|
Baa2
|
1,034,789
|
|
|
6.000%, 7/01/44
|
|
|
|
3,330
|
|
Total Water and Sewer
|
|
|
3,491,913
|
$ 99,585
|
|
Total Investments (cost $86,421,107) – 141.0%
|
|
|
89,693,170
|
|
|
MuniFund Term Preferred Shares, at Liquidation Value – (48.9)% (8)
|
|
|
(31,103,400)
|
|
|
Other Assets Less Liabilities – 7.9%
|
|
|
5,039,592
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 63,629,362
|