|
|
|
|
|
|
|
|
Portfolio of Investments (Unaudited)
|
|
|
|
|
|
Nuveen Municipal High Income Opportunity Fund 2 (NMD)
|
|
|
|
|
|
January 31, 2012
|
|
|
|
Principal
|
|
|
Optional Call
|
|
|
Amount (000)
|
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Alabama – 1.6% (1.4% of Total Investments)
|
|
|
|
$ 2,290
|
|
Birmingham Special Care Facilities Financing Authority, Alabama, Revenue Bonds, Baptist Health
|
11/15 at 100.00
|
Baa2
|
$ 2,381,394
|
|
|
System Inc., Series 2005A, 5.250%, 11/15/20
|
|
|
|
1,000
|
|
Phenix City Industrial Development Board, Alabama, Environmental Improvement Revenue Bonds,
|
5/12 at 100.00
|
BBB
|
1,000,770
|
|
|
MeadWestvaco Corporation, Series 2002A, 6.350%, 5/15/35 (Alternative Minimum Tax)
|
|
|
|
3,290
|
|
Total Alabama
|
|
|
3,382,164
|
|
|
Arizona – 5.4% (4.7% of Total Investments)
|
|
|
|
1,000
|
|
Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, General Obligation
|
7/17 at 100.00
|
N/R
|
1,009,610
|
|
|
Bonds, Series 2007, 6.200%, 7/15/32
|
|
|
|
70
|
|
Pima County Industrial Development Authority, Arizona, Choice Education and Development
|
No Opt. Call
|
N/R
|
69,993
|
|
|
Charter School Revenue Bonds, Series 2006, 6.000%, 6/01/16
|
|
|
|
500
|
|
Pima County Industrial Development Authority, Arizona, Education Revenue Bonds Legacy
|
No Opt. Call
|
N/R
|
534,730
|
|
|
Traditional School Project, Series 2009, 8.500%, 7/01/39
|
|
|
|
1,000
|
|
Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, Carden
|
1/22 at 100.00
|
BBB–
|
985,240
|
|
|
Traditional Schools Project, Series 2012, 7.500%, 1/01/42 (WI/DD, Settling 2/07/12)
|
|
|
|
825
|
|
Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, Paradise
|
6/19 at 100.00
|
BBB–
|
749,141
|
|
|
Education Center Project, Series 2010, 6.000%, 6/01/40
|
|
|
|
2,575
|
|
Quechan Indian Tribe of the Fort Yuma Reservation, Arizona, Government Project Bonds, Series
|
12/17 at 102.00
|
N/R
|
2,447,126
|
|
|
2008, 7.000%, 12/01/27
|
|
|
|
4,825
|
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc
|
No Opt. Call
|
A–
|
4,797,305
|
|
|
Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37
|
|
|
|
1,000
|
|
Yuma County Industrial Development Authority, Arizona, Exempt Revenue Bonds, Far West Water &
|
12/17 at 100.00
|
N/R
|
948,960
|
|
|
Sewer Inc. Refunding, Series 2007A, 6.375%, 12/01/37 (Alternative Minimum Tax)
|
|
|
|
11,795
|
|
Total Arizona
|
|
|
11,542,105
|
|
|
California – 19.4% (17.0% of Total Investments)
|
|
|
|
1,470
|
|
Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Tender
|
No Opt. Call
|
AA
|
2,021,191
|
|
|
Option Bond Trust 2985, 17.656, 4/01/16 (IF)
|
|
|
|
2,000
|
|
California Educational Facilities Authority, Revenue Bonds, Dominican University, Series 2006,
|
12/16 at 100.00
|
Baa3
|
1,925,540
|
|
|
5.000%, 12/01/36
|
|
|
|
1,875
|
|
California Health Facilities Financing Authority, Refunding Revenue Bonds, Stanford Hospital
|
11/21 at 100.00
|
Aa3
|
2,859,525
|
|
|
and Clinics, Tender Option Bond Trust 3267, 20.052%, 11/15/40 (IF)
|
|
|
|
565
|
|
California Housing Finance Agency, California, Home Mortgage Revenue Bonds, Series 2008B,
|
8/17 at 100.00
|
BBB
|
540,699
|
|
|
5.000%, 2/01/28 (Alternative Minimum Tax)
|
|
|
|
1,000
|
|
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects
|
8/20 at 100.00
|
N/R
|
1,038,900
|
|
|
Series 2010B, 7.250%, 8/15/45
|
|
|
|
1,000
|
|
California Municipal Finance Authority, Revenue Bonds, Harbor Regional Center Project, Series
|
11/19 at 100.00
|
Baa1
|
1,148,980
|
|
|
2009, 8.500%, 11/01/39
|
|
|
|
1,300
|
|
California State, General Obligation Bonds, Tender Option Bond Trust 3162, 19.782%, 3/01/18 –
|
No Opt. Call
|
AA–
|
1,938,976
|
|
|
AGM Insured (IF)
|
|
|
|
520
|
|
California Statewide Communities Development Authority, Revenue Bonds, American Baptist Homes
|
10/19 at 100.00
|
BBB+
|
547,238
|
|
|
of the West, Series 2010, 6.250%, 10/01/39
|
|
|
|
1,000
|
|
California Statewide Communities Development Authority, Statewide Community Infrastructure
|
9/21 at 100.00
|
N/R
|
1,026,100
|
|
|
Program Revenue Bonds, Series 2011A, 8.000%, 9/02/41
|
|
|
|
500
|
|
California Statewide Community Development Authority, Revenue Bonds, California Baptist
|
11/21 at 100.00
|
N/R
|
558,215
|
|
|
University, Series 2011A, 7.500%, 11/01/41
|
|
|
|
1,825
|
|
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity
|
7/15 at 100.00
|
BBB
|
1,765,231
|
|
|
Health System, Series 2005A, 5.250%, 7/01/35
|
|
|
|
500
|
|
California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,
|
4/17 at 100.00
|
AA+
|
530,410
|
|
|
Series 2007A, 5.000%, 4/01/31 – BHAC Insured
|
|
|
|
2,000
|
|
California Statewide Community Development Authority, Revenue Bonds, St. Joseph Health System,
|
7/18 at 100.00
|
AA–
|
2,143,440
|
|
|
Series 2007C, 5.750%, 7/01/47 – FGIC Insured
|
|
|
|
|
|
Daly City Housing Development Finance Agency, California, Mobile Home Park Revenue Bonds,
|
|
|
|
|
|
Franciscan Mobile Home Park Refunding, Series 2007A:
|
|
|
|
2,000
|
|
5.000%, 12/15/37
|
12/17 at 100.00
|
A
|
1,974,160
|
1,945
|
|
6.500%, 12/15/47
|
12/17 at 100.00
|
N/R
|
1,926,114
|
1,370
|
|
Elk Grove Community Facilities District 2005-1, California, Special Tax Bonds, Series 2007,
|
9/15 at 102.00
|
N/R
|
956,644
|
|
|
5.250%, 9/01/37
|
|
|
|
1,000
|
|
Fontana, California, Special Tax Bonds, Community Facilities District 31 Citrus Heights North
|
9/14 at 102.00
|
N/R
|
906,370
|
|
|
Special Tax Bonds, Series 2006, 5.000%, 9/01/26
|
|
|
|
|
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
|
|
|
|
|
|
Asset-Backed Revenue Bonds, Tender Option Bond Trust 1011:
|
|
|
|
1,500
|
|
17.301%, 6/01/29 – AMBAC Insured (IF) (4)
|
6/12 at 100.00
|
A2
|
1,513,020
|
250
|
|
17.301%, 6/01/38 – FGIC Insured (IF) (4)
|
6/15 at 100.00
|
A2
|
253,430
|
500
|
|
17.280%, 6/01/45 (IF) (4)
|
6/15 at 100.00
|
A2
|
506,850
|
|
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
|
|
|
|
|
Bonds, Series 2007A-1:
|
|
|
|
4,500
|
|
5.000%, 6/01/33
|
6/17 at 100.00
|
B–
|
3,371,215
|
1,000
|
|
5.750%, 6/01/47
|
6/17 at 100.00
|
B–
|
756,070
|
2,500
|
|
5.125%, 6/01/47
|
6/17 at 100.00
|
B–
|
1,703,025
|
1,000
|
|
Hercules Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series
|
8/15 at 100.00
|
CC
|
698,760
|
|
|
2005, 5.000%, 8/01/25 – AMBAC Insured
|
|
|
|
1,000
|
|
Lathrop Financing Authority, California, Revenue Bonds, Water Supply Project Series 2003,
|
6/13 at 100.00
|
N/R
|
1,004,090
|
|
|
6.000%, 6/01/35
|
|
|
|
850
|
|
Los Angeles County, California, Community Development Commission Headquarters Office Building,
|
9/21 at 100.00
|
Aa3
|
1,105,162
|
|
|
Lease Revenue Bonds, Community Development Properties Los ANgeles County Inc., Tender
|
|
|
|
|
|
Option Bond Trust Series 2011-23B, 19.108%, 9/01/42 (IF) (4)
|
|
|
|
700
|
|
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International
|
5/20 at 100.00
|
AA
|
1,000,832
|
|
|
Airport, Tender Option Bond Trust 10-27B, 18.745%, 5/15/40 (IF) (4)
|
|
|
|
1,000
|
|
Los Angeles Regional Airports Improvement Corporation, California, Sublease Revenue Bonds, Los
|
12/12 at 102.00
|
N/R
|
901,580
|
|
|
Angeles International Airport, American Airlines Inc. Terminal 4 Project, Series 2002C,
|
|
|
|
|
|
7.500%, 12/01/24 (Alternative Minimum Tax)
|
|
|
|
500
|
|
March Joint Powers Redevelopment Agency, California, March Air Force Base Redevelopment
|
8/21 at 100.00
|
BBB+
|
579,255
|
|
|
Project Tax Allocation Revenue Bonds, Series 2011A, 7.500%, 8/01/41
|
|
|
|
625
|
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010,
|
11/20 at 100.00
|
Baa3
|
683,125
|
|
|
5.250%, 11/01/21
|
|
|
|
2,500
|
|
San Bernardino Community College District, California, General Obligation Bonds, Tender Option
|
8/16 at 100.00
|
Aa2
|
3,597,400
|
|
|
Bond Trust 11780-1, 17.876%, 2/01/27 – AGM Insured (IF)
|
|
|
|
40,295
|
|
Total California
|
|
|
41,481,547
|
|
|
Colorado – 8.1% (7.1% of Total Investments)
|
|
|
|
1,500
|
|
Arista Metropolitan District, Colorado, Special Revenue Bonds, Series 2008, 9.250%, 12/01/37
|
12/15 at 100.00
|
N/R
|
1,132,185
|
1,975
|
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Windsor
|
5/17 at 100.00
|
BBB–
|
1,793,636
|
|
|
Academy, Series 2007A, 5.700%, 5/01/37
|
|
|
|
1,950
|
|
Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Pikes Peak School of
|
6/18 at 102.00
|
N/R
|
1,878,669
|
|
|
Expeditionary Learning Charter School, Series 2008, 6.625%, 6/01/38
|
|
|
|
750
|
|
Colorado Health Facilities Authority, Health Facilities Revenue Bonds, Sisters of Charity of
|
No Opt. Call
|
AA
|
1,076,280
|
|
|
Leavenworth Health Services Corporation, Tender Option Bond Trust 3702, 19.231%, 1/01/18 (IF) (4)
|
|
|
|
1,000
|
|
Colorado Health Facilities Authority, Revenue Bonds, Evangelical Lutheran Good Samaritan
|
6/16 at 100.00
|
A–
|
1,014,420
|
|
|
Society, Series 2006, 5.250%, 6/01/36
|
|
|
|
|
|
Colorado Housing and Finance Authority, Revenue Bonds, Confluence Energy LLC Project,
|
|
|
|
|
|
Series 2007:
|
|
|
|
218
|
|
0.000%, 4/21/14 (Alternative Minimum Tax) (5), (7)
|
No Opt. Call
|
N/R
|
261,409
|
5,045
|
|
6.750%, 4/01/27 (Alternative Minimum Tax) (5), (6), (7)
|
4/17 at 100.00
|
N/R
|
2,078,540
|
993
|
|
Colorado Housing and Finance Authority, Revenue Bonds, Confluence Energy LLC Project, Series
|
No Opt. Call
|
N/R
|
99,300
|
|
|
2007, 0.000%, 4/21/14 (Alternative Minimum Tax) (5), (7)
|
|
|
|
1,000
|
|
Confluence Metropolitan District, Colorado, General Obligation Limited Tax Bonds, Series 2007,
|
12/17 at 100.00
|
N/R
|
821,790
|
|
|
5.400%, 12/01/27
|
|
|
|
1,070
|
|
Fitzsimons Village Metropolitan District 1, Aurora, Arapahoe County, Colorado, Tax Increment
|
3/20 at 100.00
|
N/R
|
1,122,676
|
|
|
Public Improvement Fee Supported Revenue Bonds, Series 2010A, 7.500%, 3/01/40
|
|
|
|
5
|
|
Maher Ranch Metropolitan District 4, Colorado, General Obligation Limited Tax Bonds, Series
|
12/17 at 100.00
|
N/R
|
4,213
|
|
|
2007, 5.250%, 12/01/36 – RAAI Insured
|
|
|
|
500
|
|
Pinery West Metropolitan District 2, Colorado, General Obligation Limited Tax Bonds, Series
|
12/17 at 100.00
|
N/R
|
474,775
|
|
|
2007, 5.000%, 12/01/27 – RAAI Insured
|
|
|
|
1,000
|
|
Plaza Metropolitan District 1, Lakewood, Colorado, Tax Increment Revenue Bonds, Series 2003,
|
6/14 at 101.00
|
N/R
|
1,034,340
|
|
|
8.000%, 12/01/25
|
|
|
|
1,700
|
|
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado Springs
|
No Opt. Call
|
A–
|
2,105,722
|
|
|
Utilities, Series 2008, 6.500%, 11/15/38
|
|
|
|
|
|
Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project Private
|
|
|
|
|
|
Activity Bonds, Series 2010:
|
|
|
|
500
|
|
6.500%, 1/15/30
|
7/20 at 100.00
|
Baa3
|
561,445
|
1,000
|
|
6.000%, 1/15/41
|
7/20 at 100.00
|
Baa3
|
1,067,530
|
815
|
|
Three Springs Metropolitan District 3, Durango, La Plata County, Colorado, Property Tax
|
12/20 at 100.00
|
N/R
|
834,348
|
|
|
Supported Revenue Bonds, Series 2010, 7.750%, 12/01/39
|
|
|
|
21,021
|
|
Total Colorado
|
|
|
17,361,278
|
|
|
Connecticut – 0.8% (0.7% of Total Investments)
|
|
|
|
1,000
|
|
Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation Revenue
|
4/20 at 100.00
|
N/R
|
1,110,200
|
|
|
Bonds, Harbor Point Project, Series 2010A, 7.875%, 4/01/39
|
|
|
|
500
|
|
Stamford, Connecticut, Special Obligation Revenue Bonds, Mill River Corridor Project, Series
|
4/21 at 100.00
|
N/R
|
516,305
|
|
|
2011aA, 7.000%, 4/01/41
|
|
|
|
1,500
|
|
Total Connecticut
|
|
|
1,626,505
|
|
|
District of Columbia – 1.7% (1.5% of Total Investments)
|
|
|
|
2,500
|
|
District of Columbia, Revenue Bonds, Howard University, Tender Option Bond Trust 1006,
|
4/21 at 100.00
|
A–
|
3,681,100
|
|
|
23.243%, 10/01/37 (IF) (4)
|
|
|
|
|
|
Florida – 9.7% (8.5% of Total Investments)
|
|
|
|
965
|
|
Ave Maria Stewardship Community Development District, Florida, Capital Improvement Revenue
|
5/16 at 100.00
|
N/R
|
807,309
|
|
|
Bonds, Series 2006A, 5.125%, 5/01/38
|
|
|
|
1,000
|
|
Beacon Lakes Community Development District, Florida, Special Assessment Bonds, Series 2003A,
|
5/13 at 101.00
|
N/R
|
1,017,500
|
|
|
6.900%, 5/01/35
|
|
|
|
995
|
|
Beeline Community Development District, Palm Beach County, Florida, Special Assessment Bonds,
|
5/18 at 100.00
|
N/R
|
1,038,213
|
|
|
Series 2008A, 7.000%, 5/01/37
|
|
|
|
970
|
|
Colonial Country Club Community Development District, Florida, Capital Improvement Revenue
|
5/13 at 101.00
|
A
|
1,005,395
|
|
|
Bonds, Series 2003, 6.400%, 5/01/33
|
|
|
|
2,000
|
|
Escambia County, Florida, Environmental Improvement Revenue Bonds, International Paper Company
|
2/12 at 100.00
|
BBB
|
1,999,920
|
|
|
Projects, Series 2006B, 5.000%, 8/01/26 (Alternative Minimum Tax)
|
|
|
|
1,000
|
|
Martin County Industrial Development Authority, Florida, Industrial Development Revenue Bonds,
|
6/12 at 100.00
|
BB+
|
1,003,500
|
|
|
Indiantown Cogeneration LP, Series 1994A, 7.875%, 12/15/25 (Alternative Minimum Tax)
|
|
|
|
2,320
|
|
Old Palm Community Development District, Florida, Special Assessment Bonds, Palm Beach
|
5/15 at 101.00
|
N/R
|
2,265,294
|
|
|
Gardens, Series 2004A, 5.900%, 5/01/35
|
|
|
|
1,140
|
|
Pine Island Community Development District, Florida, Special Assessment Bonds, Bella Collina,
|
5/12 at 101.00
|
N/R
|
862,262
|
|
|
Series 2004, 5.750%, 5/01/35
|
|
|
|
995
|
|
Poinciana West Community Development District, Florida, Special Assessment Bonds, Series 2007,
|
5/17 at 100.00
|
N/R
|
940,972
|
|
|
6.000%, 5/01/37
|
|
|
|
1,000
|
|
Port Saint Lucie, Florida, Special Assessment Revenue Bonds, Southwest Annexation District 1B,
|
7/17 at 100.00
|
BBB
|
1,023,280
|
|
|
Series 2007, 5.000%, 7/01/33 – NPFG Insured
|
|
|
|
490
|
|
South Village Community Development District, Clay County, Florida, Capital Improvement
|
5/13 at 100.00
|
N/R
|
416,823
|
|
|
Revenue Bonds, Series 2005A, 5.700%, 5/01/35
|
|
|
|
1,345
|
|
Stoneybrook Venice Community Development District, Florida, Capital Improvement Revenue Bonds,
|
5/18 at 100.00
|
N/R
|
1,379,876
|
|
|
Series 2007, 6.750%, 5/01/38
|
|
|
|
2,810
|
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Series 2006,
|
5/14 at 101.00
|
BB
|
2,339,831
|
|
|
5.400%, 5/01/37
|
|
|
|
5,820
|
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Series 2007,
|
No Opt. Call
|
N/R
|
2,480,193
|
|
|
5.250%, 5/01/39 (6)
|
|
|
|
|
|
Westchester Community Development District 1, Florida, Special Assessment Bonds, Series 2003:
|
|
|
|
475
|
|
6.000%, 5/01/23
|
5/13 at 101.00
|
N/R
|
469,903
|
1,750
|
|
6.125%, 5/01/35
|
5/13 at 101.00
|
N/R
|
1,687,875
|
25,075
|
|
Total Florida
|
|
|
20,738,146
|
|
|
Georgia – 1.8% (1.6% of Total Investments)
|
|
|
|
990
|
|
Atlanta, Georgia, Tax Allocation Bonds, Beltline Project Series 2008A. Remarketed,
|
1/19 at 100.00
|
N/R
|
1,105,592
|
|
|
7.500%, 1/01/31
|
|
|
|
1,250
|
|
Clayton County Development Authority, Georgia, Special Facilities Revenue Bonds, Delta Air Lines,
|
6/20 at 100.00
|
CCC+
|
1,449,538
|
|
|
Inc. Project, Series 2009A, 8.750%, 6/01/29
|
|
|
|
1,170
|
|
Clayton County Development Authority, Georgia, Special Facilities Revenue Bonds, Delta Air Lines,
|
6/15 at 100.00
|
CCC+
|
1,257,668
|
|
|
Inc. Project, Series 2009B, 9.000%, 6/01/35 (Alternative Minimum Tax)
|
|
|
|
3,410
|
|
Total Georgia
|
|
|
3,812,798
|
|
|
Illinois – 12.7% (11.1% of Total Investments)
|
|
|
|
1,000
|
|
Bolingbrook, DuPage & Will Counties, Illinois, Special Tax Revenue Bonds, Special Service Areas
|
4/21 at 100.00
|
BBB
|
900,660
|
|
|
2001-1, 2001-2, 2001-3, and 2002-1, Refunding Series 2007, 4.500%, 3/01/32 – NPFG Insured
|
|
|
|
1,000
|
|
Cook County, Illinois, Recovery Zone Facility Revenue Bonds, Navistar International Corporation
|
10/20 at 100.00
|
BB–
|
1,064,430
|
|
|
Project, Series 2010, 6.500%, 10/15/40
|
|
|
|
1,180
|
|
Evanston, Illinois, Educational Facility Revenue Bonds, Roycemore School Project, Series 2011,
|
7/21 at 100.00
|
N/R
|
1,240,534
|
|
|
8.250%, 7/01/41
|
|
|
|
1,100
|
|
Hillside, Cook County, Illinois, Senior Lien Tax Increment Revenue Bonds, Mannheim
|
1/18 at 102.00
|
N/R
|
1,062,127
|
|
|
Redevelopment Project, Series 2008, 7.000%, 1/01/28
|
|
|
|
1,000
|
|
Illinois Finance Authority Revenue Bonds, Christian Homes, Inc., Refunding Series 2010,
|
5/15 at 100.00
|
N/R
|
1,030,710
|
|
|
5.500%, 5/15/23
|
|
|
|
3,370
|
|
Illinois Finance Authority, Charter School Revenue Bonds, Chicago Charter School Foundation,
|
No Opt. Call
|
BBB+
|
3,299,365
|
|
|
Series 2007, 5.000%, 12/01/36
|
|
|
|
500
|
|
Illinois Finance Authority, Revenue Bonds, Admiral at Lake Project, Series 2010A,
|
5/20 at 100.00
|
N/R
|
505,380
|
|
|
7.750%, 5/15/30
|
|
|
|
500
|
|
Illinois Finance Authority, Revenue Bonds, Admiral at Lake Project, Temps 75 Series 2010D-1,
|
11/12 at 100.00
|
N/R
|
500,455
|
|
|
7.000%, 5/15/18
|
|
|
|
1,250
|
|
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Tender Option Bond Trust
|
11/17 at 100.00
|
A
|
1,696,500
|
|
|
4702, 20.219%, 11/15/37 (IF) (4)
|
|
|
|
1,900
|
|
Illinois Finance Authority, Revenue Bonds, Provena Health, Series 2009A, 7.750%, 8/15/34
|
8/19 at 100.00
|
BBB+
|
2,314,808
|
1,770
|
|
Illinois Finance Authority, Revenue Bonds, Sherman Health Systems, Series 2007A,
|
8/17 at 100.00
|
BBB
|
1,797,223
|
|
|
5.500%, 8/01/37
|
|
|
|
2,000
|
|
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Series 2009,
|
8/19 at 100.00
|
BBB+
|
2,229,100
|
|
|
6.875%, 8/15/38
|
|
|
|
500
|
|
Illinois Finance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, Inc.,
|
3/20 at 100.00
|
AA–
|
556,105
|
|
|
Series 2005 Remarketed, 5.250%, 3/01/30 – AGM Insured
|
|
|
|
500
|
|
Illinois Health Facilities Authority, Revenue Refunding Bonds, Elmhurst Memorial Healthcare,
|
1/13 at 100.00
|
A–
|
529,535
|
|
|
Series 2002, 5.500%, 1/01/22
|
|
|
|
2,000
|
|
Lombard Public Facilities Corporation, Illinois, First Tier Conference Center and Hotel
|
1/16 at 100.00
|
CCC
|
1,215,120
|
|
|
Revenue Bonds, Series 2005A-2, 5.500%, 1/01/36 – ACA Insured
|
|
|
|
|
|
Lombard Public Facilities Corporation, Illinois, Second Tier Conference Center and Hotel
|
|
|
|
|
|
Revenue Bonds, Series 2005B:
|
|
|
|
285
|
|
5.250%, 1/01/25
|
1/16 at 100.00
|
CCC
|
178,108
|
175
|
|
5.250%, 1/01/36
|
1/16 at 100.00
|
CCC
|
107,671
|
800
|
|
Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series
|
No Opt. Call
|
A–
|
898,688
|
|
|
2010, 6.000%, 6/01/28
|
|
|
|
|
|
Southwestern Illinois Development Authority, Illinois, Saint Clair County Comprehensive Mental
|
|
|
|
|
|
Health Center, Series 2007:
|
|
|
|
1,170
|
|
6.200%, 6/01/17
|
No Opt. Call
|
N/R
|
1,198,092
|
3,020
|
|
6.625%, 6/01/37
|
6/17 at 103.00
|
N/R
|
3,043,254
|
1,000
|
|
Southwestern Illinois Development Authority, Local Government Program Revenue Bonds, Granite
|
3/14 at 100.00
|
N/R
|
1,024,200
|
|
|
City Project, Series 2009B, 7.750%, 3/01/22
|
|
|
|
750
|
|
Springfield, Sangamon County, Illinois, Special Service Area, Legacy Pointe, Special
|
3/17 at 102.00
|
N/R
|
799,538
|
|
|
Assessment Bonds, Series 2009, 7.875%, 3/01/32
|
|
|
|
26,770
|
|
Total Illinois
|
|
|
27,191,603
|
|
|
Indiana – 3.2% (2.8% of Total Investments)
|
|
|
|
3,100
|
|
Hospital Authority of Delaware County, Indiana, Hospital Revenue Bonds, Cardinal Health System,
|
8/16 at 100.00
|
Baa2
|
3,141,974
|
|
|
Series 2006, 5.125%, 8/01/29
|
|
|
|
1,250
|
|
Indiana Bond Bank, Special Program Gas Revenue Bonds, JP Morgan Ventures Energy Corporation
|
No Opt. Call
|
Aa3
|
1,811,350
|
|
|
Guaranteed, Series 2007A, 18.510%, 4/15/17 (IF)
|
|
|
|
|
|
Vigo County Hospital Authority, Indiana, Revenue Bonds, Union Hospital, Series 2007:
|
|
|
|
250
|
|
5.700%, 9/01/37
|
9/17 at 100.00
|
N/R
|
227,455
|
1,800
|
|
5.800%, 9/01/47
|
9/17 at 100.00
|
N/R
|
1,630,980
|
6,400
|
|
Total Indiana
|
|
|
6,811,759
|
|
|
Kentucky – 0.5% (0.4% of Total Investments)
|
|
|
|
|
|
Kentucky Economic Development Finance Authority, Hospital Facilities Revenue Bonds, Owensboro
|
|
|
|
|
|
Medical Health System, Series 2010A:
|
|
|
|
500
|
|
6.000%, 6/01/30
|
6/20 at 100.00
|
BBB+
|
558,785
|
500
|
|
6.500%, 3/01/45
|
No Opt. Call
|
Baa2
|
557,595
|
1,000
|
|
Total Kentucky
|
|
|
1,116,380
|
|
|
Louisiana – 3.7% (3.2% of Total Investments)
|
|
|
|
1,000
|
|
Louisana Public Facilities Authority, Revenue Bonds, Lake Charles Charter Academy Foundation
|
12/21 at 100.00
|
N/R
|
1,023,380
|
|
|
Project, Series 2011A, 7.750%, 12/15/31
|
|
|
|
500
|
|
Louisiana Local Government Environment Facilities and Community Development Authority, Revenue
|
11/20 at 100.00
|
BBB–
|
547,535
|
|
|
Bonds, Westlake Chemical Corporation Projects, Series 2010A-1, 6.500%, 11/01/35
|
|
|
|
3,500
|
|
Louisiana Local Government Environmental Facilities & Community Development Authority, Revenue
|
11/17 at 100.00
|
BBB–
|
3,786,125
|
|
|
Bonds, Westlake Chemical Corporation Project, Series 2007, 6.750%, 11/01/32
|
|
|
|
4,000
|
|
Louisiana Local Government Environmental Facilities and Community Development Authority,
|
12/17 at 100.00
|
N/R
|
1,900,120
|
|
|
Revenue Bonds, Southgate Suites Hotel LLC Project, Series 2007A, 6.750%, 12/15/37 (5), (6), (7)
|
|
|
|
555
|
|
Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds,
|
5/12 at 100.00
|
A–
|
560,106
|
|
|
Series 2001B, 5.875%, 5/15/39
|
|
|
|
9,555
|
|
Total Louisiana
|
|
|
7,817,266
|
|
|
Maryland – 0.3% (0.3% of Total Investments)
|
|
|
|
100
|
|
Baltimore, Maryland, Senior Lien Convention Center Hotel Revenue Bonds, Series 2006A, 5.250%,
|
9/16 at 100.00
|
BB+
|
93,644
|
|
|
9/01/39 – SYNCORA GTY Insured
|
|
|
|
1,000
|
|
Maryland Economic Development Corporation, Revenue Bonds, Chesapeake Bay Hyatt Conference
|
12/16 at 100.00
|
N/R
|
648,350
|
|
|
Center, Series 2006A, 5.000%, 12/01/31
|
|
|
|
1,100
|
|
Total Maryland
|
|
|
741,994
|
|
|
Massachusetts – 0.0% (0.0% of Total Investments)
|
|
|
|
90
|
|
Boston Industrial Development Financing Authority, Massachusetts, Senior Revenue Bonds,
|
9/12 at 102.00
|
Caa3
|
66,969
|
|
|
Crosstown Center Project, Series 2002, 6.500%, 9/01/35 (Alternative Minimum Tax)
|
|
|
|
|
|
Michigan – 1.3% (1.2% of Total Investments)
|
|
|
|
1,750
|
|
Michigan Public Educational Facilities Authority, Charter School Revenue Bonds, American
|
12/17 at 100.00
|
N/R
|
1,607,008
|
|
|
Montessori Academy, Series 2007, 6.500%, 12/01/37
|
|
|
|
980
|
|
Michigan Public Educational Facilities Authority, Limited Obligation Revenue Bonds, David Ellis
|
6/17 at 100.00
|
N/R
|
836,636
|
|
|
Academy-West Charter School Project, Series 2007, 5.875%, 6/01/37
|
|
|
|
500
|
|
Summit Academy North, Michigan, Revenue Bonds, Public School Academy Series 2005,
|
11/15 at 100.00
|
BB+
|
406,795
|
|
|
5.500%, 11/01/35
|
|
|
|
3,230
|
|
Total Michigan
|
|
|
2,850,439
|
|
|
Minnesota – 1.4% (1.2% of Total Investments)
|
|
|
|
3,000
|
|
St. Paul Housing and Redevelopment Authority, Minnesota, Revenue Bonds, Healtheast Inc.,
|
11/15 at 100.00
|
BB+
|
3,016,800
|
|
|
Series 2005, 6.000%, 11/15/35
|
|
|
|
|
|
Mississippi – 0.4% (0.3% of Total Investments)
|
|
|
|
975
|
|
Mississippi Business Finance Corporation, Gulf Opportunity Zone Revenue Bonds, Roberts Hotel
|
2/21 at 102.00
|
NA
|
754,884
|
|
|
of Jackson, LLC Project, Series 2010, 8.500%, 2/01/30 (6)
|
|
|
|
|
|
Missouri – 3.1% (2.7% of Total Investments)
|
|
|
|
1,000
|
|
Hanley Road Corridor Transportation Development District, Brentwood and Maplewood, Missouri,
|
10/19 at 100.00
|
A–
|
1,089,270
|
|
|
Transportation Sales Revenue Bonds, Refunding Series 2009A, 5.875%, 10/01/36
|
|
|
|
1,000
|
|
Missouri Development Finance Board. Infrastructure Facilities Revenue Bonds, City of
|
4/14 at 100.00
|
A–
|
1,050,330
|
|
|
Independence, Missouri – Events Center Project, Series 2009F, 6.250%, 4/01/38
|
|
|
|
990
|
|
Orpheum Theater Community Improvement District, Saint Louis, Missouri, Property and Sales Tax
|
No Opt. Call
|
N/R
|
748,381
|
|
|
Revenue Bonds, Series 2009, 9.000%, 3/01/29
|
|
|
|
1,100
|
|
Saint Louis Industrial Development Authority, Missouri, Confluence Academy Project, Series
|
6/15 at 103.00
|
N/R
|
958,166
|
|
|
2007A, 5.350%, 6/15/32
|
|
|
|
1,000
|
|
Saint Louis Land Clearance for Redevelopment Authority, Missouri, Tax-Exempt Recovery Zone
|
9/20 at 100.00
|
N/R
|
1,012,500
|
|
|
Facilities Improvement, Special Revenue Bonds, Kiel Opera House Project, Series 2010B,
|
|
|
|
|
|
7.000%, 9/01/35
|
|
|
|
1,894
|
|
Saint Louis, Missouri, Tax Increment Financing Revenue Bonds, Fashion Square Redevelopment
|
3/12 at 100.00
|
N/R
|
1,710,093
|
|
|
Project, Series 2008A, 6.300%, 8/22/26
|
|
|
|
6,984
|
|
Total Missouri
|
|
|
6,568,740
|
|
|
Nevada – 2.0% (1.7% of Total Investments)
|
|
|
|
2,500
|
|
Clark County, Nevada, General Obligation Bank Bonds, Southern Nevada Water Authority Loan,
|
No Opt. Call
|
AA+
|
3,277,300
|
|
|
Tender Option Bond Trust Series 2010-11836, 17.975%, 6/01/16 (IF)
|
|
|
|
950
|
|
Sparks Tourism Improvement District 1, Legends at Sparks Marina, Nevada, Senior Sales Tax
|
6/18 at 100.00
|
B2
|
952,850
|
|
|
Revenue Bonds Series 2008A, 6.500%, 6/15/20
|
|
|
|
3,450
|
|
Total Nevada
|
|
|
4,230,150
|
|
|
New Jersey – 3.0% (2.6% of Total Investments)
|
|
|
|
2,000
|
|
New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental
|
3/12 at 100.00
|
B
|
1,999,860
|
|
|
Airlines Inc., Series 1999, 6.250%, 9/15/19 (Alternative Minimum Tax)
|
|
|
|
25
|
|
New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental
|
5/12 at 100.00
|
B
|
25,002
|
|
|
Airlines Inc., Series 2000, 7.000%, 11/15/30 (Alternative Minimum Tax)
|
|
|
|
3,200
|
|
New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters
|
7/18 at 100.00
|
BBB–
|
3,331,104
|
|
|
University Hospital, Series 2007, 5.750%, 7/01/37
|
|
|
|
1,000
|
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Joseph’s
|
No Opt. Call
|
BBB–
|
1,071,250
|
|
|
Healthcare System Obligated Group Issue, Series 2008, 6.000%, 7/01/18
|
|
|
|
6,225
|
|
Total New Jersey
|
|
|
6,427,216
|
|
|
New Mexico – 0.7% (0.6% of Total Investments)
|
|
|
|
485
|
|
Montecito Estates Public Improvement District, New Mexico, Special Levee Revenue Bonds, Series
|
10/17 at 100.00
|
N/R
|
456,957
|
|
|
2007, 7.000%, 10/01/37
|
|
|
|
965
|
|
New Mexico Hospital Equipment Loan Council, First Mortgage Revenue Bonds, La Vida LLena
|
7/20 at 100.00
|
N/R
|
1,013,597
|
|
|
Project, Series 2010A, 5.875%, 7/01/30
|
|
|
|
1,450
|
|
Total New Mexico
|
|
|
1,470,554
|
|
|
New York – 3.0% (2.6% of Total Investments)
|
|
|
|
|
|
New York City Industrial Development Agency, New York, American Airlines-JFK International
|
|
|
|
|
|
Airport Special Facility Revenue Bonds, Series 2005:
|
|
|
|
1,000
|
|
7.500%, 8/01/16 (Alternative Minimum Tax)
|
No Opt. Call
|
N/R
|
901,980
|
1,000
|
|
7.625%, 8/01/25 (Alternative Minimum Tax)
|
8/16 at 101.00
|
N/R
|
903,710
|
1,000
|
|
8.000%, 8/01/28
|
No Opt. Call
|
N/R
|
903,970
|
|
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bronx
|
|
|
|
|
|
Parking Development Company, LLC Project, Series 2007:
|
|
|
|
500
|
|
5.750%, 10/01/37
|
10/17 at 100.00
|
N/R
|
253,350
|
2,000
|
|
5.875%, 10/01/46
|
10/17 at 102.00
|
N/R
|
1,013,180
|
1,030
|
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
|
7/16 at 101.00
|
N/R
|
963,864
|
|
|
Needs Facilities Pooled Program, Series 2008A-1, 5.800%, 7/01/23
|
|
|
|
|
|
New York Liberty Development Corporation, Second Priority Liberty Revenue Refunding Bonds,
|
|
|
|
|
|
Bank of America Tower at One Bryant Park Project, Tender Option Bond Trust PT4704:
|
|
|
|
250
|
|
18.341%, 1/15/44 (IF) (4)
|
1/20 at 100.00
|
AA
|
320,720
|
625
|
|
18.341%, 1/15/44 (IF) (4)
|
1/20 at 100.00
|
AA
|
801,800
|
265
|
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
|
12/20 at 100.00
|
BBB–
|
286,664
|
|
|
Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/42
|
|
|
|
7,670
|
|
Total New York
|
|
|
6,349,238
|
|
|
North Carolina – 1.8% (1.6% of Total Investments)
|
|
|
|
1,970
|
|
Albemarle Hospital Authority, North Carolina, Health Care Facilities Revenue Bonds, Series 2007,
|
10/17 at 100.00
|
N/R
|
1,734,191
|
|
|
5.250%, 10/01/38
|
|
|
|
|
|
North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith
|
|
|
|
|
|
College, Series 2008A:
|
|
|
|
1,000
|
|
6.000%, 6/01/31
|
6/18 at 100.00
|
BBB
|
1,099,410
|
1,000
|
|
6.125%, 6/01/35
|
6/18 at 100.00
|
BBB
|
1,088,330
|
3,970
|
|
Total North Carolina
|
|
|
3,921,931
|
|
|
Ohio – 2.0% (1.7% of Total Investments)
|
|
|
|
500
|
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
|
6/17 at 100.00
|
B+
|
372,315
|
|
|
Bonds, Senior Lien, Series 2007A-2, 5.750%, 6/01/34
|
|
|
|
1,700
|
|
Lorain County Port Authority, Ohio, Recovery Zone Facility Economic Development Revenue Bonds,
|
12/20 at 100.00
|
BB
|
1,791,018
|
|
|
United State Steel Corporation Project, Series 2010, 6.750%, 12/01/40
|
|
|
|
1,250
|
|
Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System Obligated
|
No Opt. Call
|
Aa2
|
1,732,300
|
|
|
Group, Tender Option Bond Trust 3551, 20.402%, 1/01/17 (IF)
|
|
|
|
2,000
|
|
Western Reserve Port Authority, Ohio, Solid Waste Facility Revenue Bonds, Central Waste Inc.,
|
7/17 at 102.00
|
N/R
|
280,020
|
|
|
Series 2007A, 6.350%, 7/01/27 (Alternative Minimum Tax) (6)
|
|
|
|
5,450
|
|
Total Ohio
|
|
|
4,175,653
|
|
|
Oklahoma – 0.7% (0.6% 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
|
|
|
|
45
|
|
Tulsa Municipal Airport Trust, Oklahoma, Revenue Bonds, American Airlines Inc., Series 1995,
|
6/12 at 100.00
|
N/R
|
33,914
|
|
|
6.250%, 6/01/20
|
|
|
|
500
|
|
Tulsa Municipal Airport Trust, Oklahoma, Revenue Refunding Bonds, American Airlines Inc.,
|
No Opt. Call
|
N/R
|
383,635
|
|
|
Series 2004A, 7.750%, 6/01/35 (Mandatory put 12/01/14)
|
|
|
|
1,545
|
|
Total Oklahoma
|
|
|
1,431,459
|
|
|
Pennsylvania – 2.4% (2.1% of Total Investments)
|
|
|
|
500
|
|
Allegheny Country Industrial Development Authority, Pennsylvania, Environmental Improvement
|
No Opt. Call
|
BB
|
542,955
|
|
|
Revenue Bonds, United States Steel Corporation Project, Refunding Series 2009, 6.750%, 11/01/24
|
|
|
|
1,010
|
|
Chester County Industrial Development Authority, Pennsylvania, Avon Grove Charter School
|
12/17 at 100.00
|
BB+
|
977,630
|
|
|
Revenue Bonds, Series 2007A, 6.375%, 12/15/37
|
|
|
|
185
|
|
Montgomery County Industrial Development Authority, Pennsylvania, FHA Insured Mortgage Revenue
|
8/20 at 100.00
|
AA
|
254,641
|
|
|
Bonds, New Regional Medical Center Project, Tender Option Bond Trust 62B, 19.806%, 8/01/38 (IF) (4)
|
|
|
|
2,115
|
|
Pennsylvania Economic Development Finance Authority, Solid Waste Disposal Revenue Bonds (USG
|
6/12 at 100.00
|
B–
|
1,673,282
|
|
|
Corporation Project) Series 1999, 6.000%, 6/01/31 (Alternative Minimum Tax)
|
|
|
|
1,000
|
|
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Tender Option Bond
|
4/19 at 100.00
|
AA+
|
1,166,880
|
|
|
Trust 4657, 16.274%, 10/01/29 (IF) (4)
|
|
|
|
395
|
|
Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Health System
|
5/20 at 100.00
|
AA
|
422,753
|
|
|
Revenue Bonds, Jefferson Health System, Series 2010B, 5.000%, 5/15/40
|
|
|
|
5,205
|
|
Total Pennsylvania
|
|
|
5,038,141
|
|
|
Puerto Rico – 0.0% (0.0% of Total Investments)
|
|
|
|
20
|
|
Puerto Rico Ports Authority, Special Facilities Revenue Bonds, American Airlines Inc., Series
|
6/12 at 100.00
|
N/R
|
5,313
|
|
|
1996A, 6.250%, 6/01/26 (Alternative Minimum Tax) (6)
|
|
|
|
|
|
Rhode Island – 0.2% (0.2% of Total Investments)
|
|
|
|
500
|
|
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,
|
6/12 at 100.00
|
Ba1
|
500,000
|
|
|
Series 2002A, 6.250%, 6/01/42
|
|
|
|
|
|
South Carolina – 1.2% (1.0% of Total Investments)
|
|
|
|
3,477
|
|
Lancaster County, South Carolina, Special Assessment Bonds, Edgewater II Improvement District,
|
No Opt. Call
|
N/R
|
1,742,359
|
|
|
Series 2007B, 7.700%, 11/01/17 (6), (7)
|
|
|
|
625
|
|
South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Palmetto Health,
|
8/21 at 100.00
|
AA–
|
729,456
|
|
|
Refunding Series 2011A, 6.500%, 8/01/39 – AGM Insured
|
|
|
|
4,102
|
|
Total South Carolina
|
|
|
2,471,815
|
|
|
Tennessee – 1.2% (1.1% of Total Investments)
|
|
|
|
500
|
|
Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds,
|
7/20 at 100.00
|
BBB+
|
562,870
|
|
|
Mountain States Health Alliance, Refunding Series 2010A, 6.500%, 7/01/38
|
|
|
|
|
|
Sumner County Health, Educational, and Housing Facilities Board, Tennessee, Revenue Refunding
|
|
|
|
|
|
Bonds, Sumner Regional Health System Inc., Series 2007:
|
|
|
|
1,500
|
|
5.500%, 11/01/37 (6), (7)
|
11/17 at 100.00
|
N/R
|
110,865
|
1,000
|
|
5.500%, 11/01/46 (6), (7)
|
11/17 at 100.00
|
N/R
|
73,910
|
1,824
|
|
The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006B, 5.625%, 9/01/26
|
No Opt. Call
|
N/R
|
1,839,814
|
4,824
|
|
Total Tennessee
|
|
|
2,587,459
|
|
|
Texas – 6.9% (6.0% of Total Investments)
|
|
|
|
1,000
|
|
Alliance Airport Authority, Texas, Special Facilities Revenue Bonds, American Airlines Inc.,
|
6/12 at 100.00
|
N/R
|
260,510
|
|
|
Series 2007, 5.750%, 12/01/29 (Alternative Minimum Tax) (6)
|
|
|
|
250
|
|
Central Texas Regional Mobility Authority, Senior Lien Revenue Bonds, Series 2011,
|
1/21 at 100.00
|
BBB–
|
268,540
|
|
|
6.000%, 1/01/41
|
|
|
|
2,100
|
|
Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Tejano Center for
|
No Opt. Call
|
BBB–
|
2,380,350
|
|
|
Community Concerns, Inc.-Raul Yzaguirre School for Success, Refunding Series 2009A,
|
|
|
|
|
|
8.750%, 2/15/28
|
|
|
|
10
|
|
Dallas-Ft. Worth International Airport Facility Improvement Corporation, Texas, Revenue Bonds,
|
5/12 at 100.00
|
N/R
|
2,630
|
|
|
American Airlines Inc., Series 1999, 6.375%, 5/01/35 (Alternative Minimum Tax) (6)
|
|
|
|
2,955
|
|
Danbury Higher Education Authority Inc., Texas, Golden Rule Charter School Revenue Bonds,
|
2/18 at 100.00
|
BB+
|
2,787,954
|
|
|
Series 2008A, 6.500%, 8/15/38
|
|
|
|
970
|
|
Hidalgo Willacy Housing Finance Corporation, Texas, Multifamily Housing Revenue Bonds,
|
1/14 at 102.00
|
N/R
|
975,839
|
|
|
Heritage Square Apartments Project, Series 2003A, 7.000%, 1/01/39
|
|
|
|
1,330
|
|
La Vernia Higher Education Financing Corporation, Texas, Education Revenue Bonds, Amigos Por
|
2/16 at 100.00
|
N/R
|
1,236,089
|
|
|
Vida Friends For Life Public Charter School, Series 2008, 6.375%, 2/15/37
|
|
|
|
335
|
|
North Texas Tollway Authority, Second Tier System Revenue Refunding Bonds, Series 2008F,
|
1/18 at 100.00
|
A3
|
362,396
|
|
|
5.750%, 1/01/38
|
|
|
|
2,000
|
|
Sabine River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Energy Company
|
8/13 at 101.00
|
CC
|
320,760
|
|
|
LLC Project, Series 2003B, 6.150%, 8/01/22
|
|
|
|
250
|
|
Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds, Senior
|
No Opt. Call
|
A–
|
291,490
|
|
|
Lien Series 2008D, 6.250%, 12/15/26
|
|
|
|
1,000
|
|
Texas Private Activity Bond Surface Transporation Corporation, Senior Lien Revenue Bonds, NTE
|
12/19 at 100.00
|
Baa2
|
1,115,060
|
|
|
Mobility Partners LLC North Tarrant Express Managed Lanes Project, Series 2009,
|
|
|
|
|
|
6.875%, 12/31/39
|
|
|
|
1,000
|
|
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, LBJ
|
6/20 at 100.00
|
Baa3
|
1,133,040
|
|
|
Infrastructure Group LLC IH-635 Managed Lanes Project, Series 2010, 7.000%, 6/30/34
|
|
|
|
955
|
|
Texas Public Finance Authority, Charter School Revenue Bonds, School of Excellence Charter
|
12/14 at 100.00
|
BB+
|
955,353
|
|
|
School, Series 2004A, 7.000%, 12/01/34
|
|
|
|
2,000
|
|
Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series
|
8/12 at 100.00
|
BBB+
|
2,037,520
|
|
|
2002A, 5.750%, 8/15/38 – AMBAC Insured
|
|
|
|
550
|
|
Travis County Health Facilities Development Corporation, Texas, Revenue Bonds, Westminster
|
No Opt. Call
|
BB+
|
600,639
|
|
|
Manor, Series 2010, 7.000%, 11/01/30
|
|
|
|
16,705
|
|
Total Texas
|
|
|
14,728,170
|
|
|
Utah – 3.3% (2.9% of Total Investments)
|
|
|
|
|
|
Utah State Charter School Finance Authority, Charter School Revenue Bonds, Noah Webster
|
|
|
|
|
|
Academy, Series 2008A:
|
|
|
|
500
|
|
6.250%, 6/15/28
|
6/17 at 100.00
|
N/R
|
478,265
|
1,430
|
|
6.500%, 6/15/38
|
6/17 at 100.00
|
N/R
|
1,347,618
|
5,550
|
|
Utah State Charter School Finance Authority, Revenue Bonds, Summit Academy Project, Series
|
12/17 at 100.00
|
BBB–
|
5,161,278
|
|
|
2007A, 5.800%, 6/15/38
|
|
|
|
7,480
|
|
Total Utah
|
|
|
6,987,161
|
|
|
Virgin Islands – 0.9% (0.8% of Total Investments)
|
|
|
|
1,000
|
|
Virgin Islands Public Finance Authority, Revenue Bonds, Refinery Project – Hovensa LLC, Series
|
1/14 at 100.00
|
Ba2
|
1,000,920
|
|
|
2003, 6.125%, 7/01/22 (Alternative Minimum Tax)
|
|
|
|
1,000
|
|
Virgin Islands Public Finance Authority, Revenue Bonds, Refinery Project Hovensa LLC, Series
|
1/15 at 100.00
|
Ba2
|
1,001,550
|
|
|
2007, 4.700%, 7/01/22 (Alternative Minimum Tax)
|
|
|
|
2,000
|
|
Total Virgin Islands
|
|
|
2,002,470
|
|
|
Virginia – 1.4% (1.2% of Total Investments)
|
|
|
|
3,000
|
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds,
|
6/17 at 100.00
|
B2
|
1,926,930
|
|
|
Series 2007B1, 5.000%, 6/01/47
|
|
|
|
1,000
|
|
Virginia Small Business Financing Authority, Revenue Bonds Hampton Roads Proton Beam Therapy
|
7/14 at 102.00
|
N/R
|
1,062,890
|
|
|
Institute at Hampton University, LLC Project, Series 2009, 9.000%, 7/01/39
|
|
|
|
4,000
|
|
Total Virginia
|
|
|
2,989,820
|
|
|
Washington – 6.1% (5.4% of Total Investments)
|
|
|
|
2,415
|
|
FYI Properties, Washington, Lease Revenue Bonds, Washington State Department of Information
|
6/19 at 100.00
|
AA
|
3,604,726
|
|
|
Services Project, Tender Option Bond Trust 2009-14A&B, 20.277%, 6/01/34 (IF) (4)
|
|
|
|
3,600
|
|
Kalispel Indian Tribe, Washington, Priority Distribution Bonds, Series 2008, 6.750%, 1/01/38
|
No Opt. Call
|
N/R
|
3,016,008
|
7,000
|
|
Washington State Health Care Facilities Authority, Revenue Bonds, Northwest Hospital and
|
No Opt. Call
|
N/R
|
6,454,840
|
|
|
Medical Center of Seattle, Series 2007, 5.700%, 12/01/32
|
|
|
|
15
|
|
Washington State Health Care Facilities Authority, Revenue Bonds, Virginia Mason Medical
|
8/17 at 100.00
|
BBB
|
15,520
|
|
|
Center, Series 2007B, 5.750%, 8/15/37 – ACA Insured
|
|
|
|
13,030
|
|
Total Washington
|
|
|
13,091,094
|
|
|
West Virginia – 0.2% (0.2% of Total Investments)
|
|
|
|
400
|
|
Ohio County Commission, West Virginia, Special District Excise Tax Revenue Bonds, Fort Henry
|
3/16 at 100.00
|
BBB
|
417,584
|
|
|
Economic Development, Series 2006B, 5.625%, 3/01/36
|
|
|
|
|
|
Wisconsin – 2.2% (2.0% of Total Investments)
|
|
|
|
30
|
|
Green Bay Redevelopment Authority, Wisconsin, Industrial Development Revenue Bonds, Fort James
|
No Opt. Call
|
N/R
|
31,220
|
|
|
Project, Series 1999, 5.600%, 5/01/19 (Alternative Minimum Tax)
|
|
|
|
1,000
|
|
Lac Courte Oreilles Band of Lake Superior Chippewa Indians, Wisconsin, Revenue Bonds, Series
|
12/18 at 102.00
|
N/R
|
926,040
|
|
|
2006, 7.000%, 12/01/26
|
|
|
|
1,000
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Froedtert Community
|
No Opt. Call
|
AA–
|
1,263,760
|
|
|
Health, Inc. Obligated Group, Tender Option Bond Trust 3592, 19.125%, 4/01/17 (IF) (4)
|
|
|
|
1,000
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ministry Health Care,
|
2/12 at 101.00
|
A+
|
1,034,280
|
|
|
Inc., Tender Option Bond Trust 1019, 17.724%, 2/15/32 – NPFG Insured (IF) (4)
|
|
|
|
1,500
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan
|
8/16 at 100.00
|
A–
|
1,532,280
|
|
|
Healthcare System, Series 2006, Trust 2187, 14.781%, 8/15/34 (IF)
|
|
|
|
4,530
|
|
Total Wisconsin
|
|
|
4,787,580
|
$ 260,546
|
|
Total Investments (cost $239,937,192) – 114.3%
|
|
|
244,175,285
|
|
|
Borrowings – (16.4)% (8), (9)
|
|
|
(35,000,000)
|
|
|
Other Assets Less Liabilities – 2.1% (10)
|
|
|
4,374,484
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 213,549,769
|