Portfolio of Investments (Unaudited)
|
|||||
Nuveen Dividend Advantage Municipal Income Fund (NVG)
|
|||||
January 31, 2012
|
|||||
Principal
|
Optional Call
|
||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Municipal Bonds – 146.0% (99.8% of Total Investments)
|
|||||
Alabama – 1.8% (1.2% of Total Investments)
|
|||||
$ 5,310
|
Athens, Alabama, Water and Sewerage Revenue Warrants, Series 2002, 5.300%, 5/01/32
|
5/12 at 101.00
|
A+ (4)
|
$ 5,431,227
|
|
(Pre-refunded 5/01/12) – NPFG Insured
|
|||||
3,045
|
Hoover, Alabama, General Obligation Bonds, Series 2003, 5.000%, 3/01/20 (Pre-refunded
|
3/12 at 101.00
|
AA+ (4)
|
3,087,752
|
|
3/01/12) – NPFG Insured
|
|||||
8,355
|
Total Alabama
|
8,518,979
|
|||
Alaska – 3.3% (2.3% of Total Investments)
|
|||||
15,000
|
Alaska, International Airport System Revenue Bonds, Series 2002B, 5.250%, 10/01/27
|
10/12 at 100.00
|
Aa3 (4)
|
15,505,950
|
|
(Pre-refunded 10/01/12) – AMBAC Insured
|
|||||
Arizona – 2.4% (1.7% of Total Investments)
|
|||||
5,000
|
Phoenix Civic Improvement Corporation, Arizona, Senior Lien Airport Revenue Bonds, Series
|
7/12 at 100.00
|
AA–
|
5,024,350
|
|
2002B, 5.250%, 7/01/32 – FGIC Insured (Alternative Minimum Tax)
|
|||||
6,000
|
Phoenix, Arizona, Civic Improvement Revenue Bonds, Civic Plaza, Series 2005B, 0.000%,
|
No Opt. Call
|
AA
|
6,411,660
|
|
7/01/37 – FGIC Insured
|
|||||
11,000
|
Total Arizona
|
11,436,010
|
|||
California – 15.9% (10.9% of Total Investments)
|
|||||
2,000
|
Alameda Corridor Transportation Authority, California, Subordinate Lien Revenue Bonds, Series
|
No Opt. Call
|
BBB+
|
1,324,400
|
|
2004A, 0.000%, 10/01/20 – AMBAC Insured
|
|||||
6,160
|
Alhambra Unified School District, Los Angeles County, California, General Obligation Bonds,
|
No Opt. Call
|
AA–
|
2,428,580
|
|
Capital Appreciation Series 2009B, 0.000%, 8/01/30 – AGC Insured
|
|||||
California Educational Facilities Authority, Revenue Bonds, Occidental College, Series 2005A:
|
|||||
1,485
|
5.000%, 10/01/26 – NPFG Insured
|
10/15 at 100.00
|
Aa3
|
1,621,724
|
|
1,565
|
5.000%, 10/01/27 – NPFG Insured
|
10/15 at 100.00
|
Aa3
|
1,703,221
|
|
2,000
|
Ceres Unified School District, Stanislaus County, California, General Obligation Bonds, Series
|
8/12 at 29.17
|
A+
|
566,780
|
|
2002B, 0.000%, 8/01/33 – FGIC Insured
|
|||||
14,345
|
Corona-Norco Unified School District, Riverside County, California, General Obligation Bonds,
|
No Opt. Call
|
Aa2
|
3,293,469
|
|
Capital Appreciation, Election 2006 Refunding Series 2009C, 0.000%, 8/01/39 – AGM Insured
|
|||||
El Rancho Unified School District, Los Angeles County, California, General Obligation Bonds,
|
|||||
Election 2010 Series 2011A:
|
|||||
2,615
|
0.000%, 8/01/31 – AGM Insured
|
8/28 at 100.00
|
Aa3
|
1,511,601
|
|
3,600
|
0.000%, 8/01/34 – AGM Insured
|
8/28 at 100.00
|
Aa3
|
2,011,644
|
|
2,425
|
Fullerton Public Financing Authority, California, Tax Allocation Revenue Bonds, Series 2005,
|
9/15 at 100.00
|
A
|
2,464,212
|
|
5.000%, 9/01/27 – AMBAC Insured
|
|||||
18,665
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
|
6/15 at 100.00
|
A2
|
18,757,578
|
|
Asset-Backed Revenue Bonds, Series 2005A, 5.000%, 6/01/35 – FGIC Insured
|
|||||
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
|||||
Bonds, Series 2007A-1:
|
|||||
3,040
|
4.500%, 6/01/27
|
6/17 at 100.00
|
B
|
2,492,405
|
|
650
|
5.000%, 6/01/33
|
6/17 at 100.00
|
B–
|
486,954
|
|
1,000
|
5.750%, 6/01/47
|
6/17 at 100.00
|
B–
|
756,070
|
|
365
|
5.125%, 6/01/47
|
6/17 at 100.00
|
B–
|
248,642
|
|
1,990
|
Kern Community College District, California, General Obligation Bonds, Series 2006, 0.000%,
|
No Opt. Call
|
Aa2
|
1,150,021
|
|
11/01/25 – AGM Insured
|
|||||
7,935
|
Los Angeles, California, Certificates of Participation, Series 2002, 5.300%, 4/01/32 –
|
4/12 at 100.00
|
A+
|
7,960,313
|
|
AMBAC Insured
|
|||||
2,220
|
Northern California Power Agency, Revenue Refunding Bonds, Hydroelectric Project 1, Series
|
3/12 at 100.00
|
A
|
2,222,087
|
|
1998A, 5.200%, 7/01/32 – NPFG Insured
|
|||||
Oceanside Unified School District, San Diego County, California, General Obligation Bonds,
|
|||||
Series 2008A and 2009A:
|
|||||
5,905
|
0.000%, 8/01/26 – AGC Insured
|
No Opt. Call
|
AA–
|
3,073,257
|
|
2,220
|
0.000%, 8/01/28 – AGC Insured
|
No Opt. Call
|
AA–
|
1,010,899
|
|
2,675
|
Palomar Pomerado Health, California, General Obligation Bonds, Series 2009A, 0.000%, 8/01/38 –
|
8/29 at 100.00
|
AA–
|
2,150,192
|
|
AGC Insured
|
|||||
4,150
|
Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of
|
10/21 at 100.00
|
AA–
|
3,621,415
|
|
Participation, Series 2011, 0.000%, 10/01/28 – AGM Insured
|
|||||
San Francisco Unified School District, California, General Obligation Bonds, Series 2007A:
|
|||||
1,000
|
3.000%, 6/15/25 – AGM Insured
|
6/17 at 100.00
|
Aa2
|
1,018,760
|
|
1,180
|
3.000%, 6/15/26 – AGM Insured
|
6/17 at 100.00
|
Aa2
|
1,194,620
|
|
6,820
|
San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment
|
8/17 at 100.00
|
BBB
|
5,816,846
|
|
Project, Series 2006C, 4.250%, 8/01/30 – NPFG Insured
|
|||||
4,275
|
Sequoia Union High School District, San Mateo County, California, General Obligation Bonds,
|
7/14 at 102.00
|
Aa1
|
4,344,127
|
|
Series 2006, 3.500%, 7/01/29 – AGM Insured
|
|||||
1,690
|
Ventura County Community College District, California, General Obligation Bonds, Series 2005B,
|
8/15 at 100.00
|
AA
|
1,864,239
|
|
5.000%, 8/01/28 – NPFG Insured
|
|||||
101,975
|
Total California
|
75,094,056
|
|||
Colorado – 5.8% (4.0% of Total Investments)
|
|||||
17,300
|
Adams County, Colorado, FHA-Insured Mortgage Revenue Bonds, Platte Valley Medical Center,
|
8/15 at 100.00
|
BBB
|
18,322,257
|
|
Series 2005, 5.000%, 8/01/24 – NPFG Insured
|
|||||
750
|
Arkansas River Power Authority, Colorado, Power Revenue Bonds, Series 2006, 5.250%, 10/01/32 –
|
10/16 at 100.00
|
BBB–
|
756,578
|
|
SYNCORA GTY Insured
|
|||||
17,000
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B, 0.000%,
|
No Opt. Call
|
BBB
|
8,162,210
|
|
9/01/25 – NPFG Insured
|
|||||
35,050
|
Total Colorado
|
27,241,045
|
|||
District of Columbia – 1.7% (1.2% of Total Investments)
|
|||||
6,805
|
District of Columbia, Revenue Bonds, Georgetown University, Series 2007A, 4.500%, 4/01/42 –
|
4/17 at 100.00
|
A–
|
6,954,098
|
|
AMBAC Insured
|
|||||
935
|
Washington Convention Center Authority, District of Columbia, Dedicated Tax Revenue Bonds,
|
10/16 at 100.00
|
AA+
|
1,066,368
|
|
Tender Option Bond Trust 1606, 11.636%, 10/01/30 – AMBAC Insured (IF)
|
|||||
7,740
|
Total District of Columbia
|
8,020,466
|
|||
Florida – 10.8% (7.4% of Total Investments)
|
|||||
3,000
|
Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2011, 5.000%, 10/01/41 –
|
10/21 at 100.00
|
AA–
|
3,262,230
|
|
AGM Insured
|
|||||
Florida Municipal Loan Council, Revenue Bonds, Series 2003B:
|
|||||
2,305
|
5.250%, 12/01/17 – NPFG Insured
|
12/13 at 100.00
|
A–
|
2,432,029
|
|
1,480
|
5.250%, 12/01/18 – NPFG Insured
|
12/13 at 100.00
|
A–
|
1,555,569
|
|
5,945
|
Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Series 2002B,
|
10/12 at 100.00
|
Aa3
|
6,084,589
|
|
5.125%, 10/01/21 – AGM Insured (Alternative Minimum Tax)
|
|||||
5,655
|
Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Series 2002B,
|
10/12 at 100.00
|
AA+ (4)
|
5,812,039
|
|
5.125%, 10/01/21 (Pre-refunded 10/01/12) – AGM Insured (Alternative Minimum Tax)
|
|||||
2,335
|
Lee County, Florida, Airport Revenue Refunding Bonds, Series 2011A, 5.375%, 10/01/32 – AGM
|
8/21 at 100.00
|
AA–
|
2,577,747
|
|
Insured (Alternative Minimum Tax)
|
|||||
1,545
|
Miami, Florida, Special Obligation Non-Ad Valorem Revenue Refunding Bonds, Series 2011A,
|
No Opt. Call
|
AA–
|
1,775,993
|
|
6.000%, 2/01/31 – AGM Insured
|
|||||
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2002:
|
|||||
7,165
|
5.625%, 10/01/15 – FGIC Insured (Alternative Minimum Tax)
|
10/12 at 100.00
|
A2
|
7,357,237
|
|
5,600
|
5.750%, 10/01/16 – FGIC Insured (Alternative Minimum Tax)
|
10/12 at 100.00
|
A2
|
5,749,744
|
|
10,000
|
5.125%, 10/01/21 – FGIC Insured (Alternative Minimum Tax)
|
10/12 at 100.00
|
A2
|
10,174,300
|
|
2,000
|
5.250%, 10/01/22 – FGIC Insured (Alternative Minimum Tax)
|
10/12 at 100.00
|
A2
|
2,033,960
|
|
1,000
|
South Miami Health Facilities Authority, Florida, Hospital Revenue, Baptist Health System
|
8/17 at 100.00
|
AA
|
1,042,410
|
|
Obligation Group, Series 2007, 5.000%, 8/15/42 (UB)
|
|||||
1,000
|
Tallahassee, Florida, Energy System Revenue Bonds, Series 2005, 5.000%, 10/01/28 –
|
10/15 at 100.00
|
AA
|
1,087,590
|
|
NPFG Insured
|
|||||
49,030
|
Total Florida
|
50,945,437
|
|||
Georgia – 2.2% (1.5% of Total Investments)
|
|||||
6,925
|
Atlanta and Fulton County Recreation Authority, Georgia, Guaranteed Revenue Bonds, Park
|
12/15 at 100.00
|
Aa2
|
7,362,037
|
|
Improvement, Series 2005A, 5.000%, 12/01/30 – NPFG Insured
|
|||||
1,000
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 2004, 5.000%, 11/01/22 –
|
11/14 at 100.00
|
AA–
|
1,082,010
|
|
AGM Insured
|
|||||
1,710
|
Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia
|
10/21 at 100.00
|
Aa2
|
1,823,972
|
|
Medical Center Project, Series 2011B, 5.000%, 10/01/41
|
|||||
9,635
|
Total Georgia
|
10,268,019
|
|||
Idaho – 1.0% (0.7% of Total Investments)
|
|||||
Idaho Housing and Finance Association, Grant and Revenue Anticipation Bonds, Federal Highway
|
|||||
Trust Funds, Series 2006:
|
|||||
3,000
|
5.000%, 7/15/23 – NPFG Insured
|
7/16 at 100.00
|
Aa2
|
3,332,130
|
|
1,130
|
5.000%, 7/15/24 – NPFG Insured
|
7/16 at 100.00
|
Aa2
|
1,247,599
|
|
4,130
|
Total Idaho
|
4,579,729
|
|||
Illinois – 11.1% (7.6% of Total Investments)
|
|||||
Chicago, Illinois, Second Lien Passenger Facility Charge Revenue Bonds, O’Hare International
|
|||||
Airport, Series 2001C:
|
|||||
4,250
|
5.500%, 1/01/16 – AMBAC Insured (Alternative Minimum Tax)
|
4/12 at 100.00
|
A2
|
4,263,473
|
|
4,485
|
5.500%, 1/01/17 – AMBAC Insured (Alternative Minimum Tax)
|
4/12 at 100.00
|
A2
|
4,497,872
|
|
4,730
|
5.500%, 1/01/18 – AMBAC Insured (Alternative Minimum Tax)
|
4/12 at 100.00
|
A2
|
4,743,575
|
|
2,930
|
5.500%, 1/01/19 – AMBAC Insured (Alternative Minimum Tax)
|
4/12 at 100.00
|
A2
|
2,938,409
|
|
3,600
|
Chicago, Illinois, Third Lien General Airport Revenue Bonds, O’Hare International Airport,
|
1/16 at 100.00
|
A1
|
3,939,624
|
|
Series 2005A, 5.250%, 1/01/24 – NPFG Insured
|
|||||
3,000
|
Chicago, Illinois, Third Lien General Airport Revenue Refunding Bonds, O’Hare International
|
4/12 at 100.00
|
A1
|
3,009,210
|
|
Airport, Series 2002A, 5.750%, 1/01/17 – NPFG Insured (Alternative Minimum Tax)
|
|||||
4,000
|
Cicero, Cook County, Illinois, General Obligation Corporate Purpose Bonds, Series 2002,
|
12/12 at 101.00
|
BBB
|
4,107,280
|
|
5.000%, 12/01/21 – NPFG Insured
|
|||||
Community College District 523, Counties of DeKalb, Kane, LaSalle, Lee, Ogle, Winnebago, and
|
|||||
Boone, Illinois, General Obligation Bonds, Kishwaukee Community College, Capital Appreciation,
|
|||||
Series 2011B:
|
|||||
2,500
|
0.000%, 2/01/33
|
2/21 at 100.00
|
AA
|
740,000
|
|
2,000
|
0.000%, 2/01/34
|
2/21 at 100.00
|
AA
|
547,860
|
|
480
|
DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds,
|
10/13 at 100.00
|
Aa3
|
514,003
|
|
Series 2003C, 5.250%, 10/01/22 – AGM Insured
|
|||||
DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds,
|
|||||
Series 2003C:
|
|||||
770
|
5.250%, 10/01/22 (Pre-refunded 10/01/13) – AGM Insured
|
10/13 at 100.00
|
Aa3 (4)
|
832,847
|
|
250
|
5.250%, 10/01/22 (Pre-refunded 10/01/13) – AGM Insured
|
10/13 at 100.00
|
Aa3 (4)
|
270,405
|
|
3,000
|
Illinois Finance Authority, Revenue Bonds, The University of Chicago, Series 2012A, 5.000%,
|
10/21 at 100.00
|
Aa1
|
3,333,720
|
|
10/01/51 (WI/DD, Settling 2/02/12)
|
|||||
3,500
|
Illinois Municipal Electric Agency, Power Supply System Revenue Bonds, Series 2007A, 5.000%,
|
2/17 at 100.00
|
A+
|
3,701,880
|
|
2/01/35 – FGIC Insured
|
|||||
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
|||||
Project, Capital Appreciation Refunding Series 2010B-1:
|
|||||
25,000
|
0.000%, 6/15/44 – AGM Insured
|
No Opt. Call
|
AAA
|
4,350,750
|
|
17,465
|
0.000%, 6/15/45 – AGM Insured
|
No Opt. Call
|
AAA
|
2,870,198
|
|
3,335
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
6/20 at 100.00
|
AAA
|
3,634,316
|
|
Project, Tender Option Bond Trust 3861, 13.737%, 6/15/42 (IF) (5)
|
|||||
3,900
|
Rosemont, Illinois, General Obligation Bonds, Series 2011A, 5.600%, 12/01/35 – AGM Insured
|
12/20 at 100.00
|
AA–
|
4,273,620
|
|
89,195
|
Total Illinois
|
52,569,042
|
|||
Indiana – 13.2% (9.0% of Total Investments)
|
|||||
3,380
|
Evansville, Indiana, Sewerage Works Revenue Refunding Bonds, Series 2003A, 5.000%, 7/01/20 –
|
7/13 at 100.00
|
A1
|
3,537,373
|
|
AMBAC Insured
|
|||||
Indiana Bond Bank, Special Program Bonds, Hendricks County Redevelopment District,
|
|||||
Series 2002D:
|
|||||
5,075
|
5.250%, 4/01/26 (Pre-refunded 4/01/12) – AMBAC Insured
|
4/12 at 100.00
|
AA (4)
|
5,118,239
|
|
7,000
|
5.250%, 4/01/30 (Pre-refunded 4/01/12) – AMBAC Insured
|
4/12 at 100.00
|
AA (4)
|
7,059,640
|
|
10,000
|
Indiana Health Facility Financing Authority, Hospital Revenue Bonds, Marion General Hospital,
|
7/12 at 100.00
|
A+
|
10,044,900
|
|
Series 2002, 5.250%, 7/01/32 – AMBAC Insured
|
|||||
3,215
|
Indiana Municipal Power Agency, Power Supply Revenue Bonds, Series 2007A, 5.000%, 1/01/42 –
|
1/17 at 100.00
|
A+
|
3,393,079
|
|
NPFG Insured
|
|||||
5,000
|
Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project Series 2009A,
|
1/19 at 100.00
|
AA–
|
5,614,350
|
|
5.500%, 1/01/38 – AGC Insured
|
|||||
20,000
|
Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project, Series 2002A,
|
7/12 at 100.00
|
AA+ (4)
|
20,420,000
|
|
5.250%, 7/01/33 (Pre-refunded 7/01/12) – NPFG Insured
|
|||||
6,960
|
Valparaiso Middle School Building Corporation, Indiana, First Mortgage Refunding Bonds, Series
|
1/13 at 100.00
|
AA+
|
7,155,089
|
|
2002, 5.000%, 7/15/24 – NPFG Insured
|
|||||
60,630
|
Total Indiana
|
62,342,670
|
|||
Kansas – 0.8% (0.5% of Total Investments)
|
|||||
3,500
|
Kansas Development Finance Authority, Revenue Bonds, Sisters of Charity of Leavenworth Health
|
No Opt. Call
|
AA
|
3,736,600
|
|
Services Corporation, Series 2010A, 5.000%, 1/01/40
|
|||||
Kentucky – 0.6% (0.4% of Total Investments)
|
|||||
2,415
|
Kentucky State Property and Buildings Commission, Revenue Bonds, Project 93, Refunding Series
|
2/19 at 100.00
|
AA–
|
2,909,568
|
|
2009, 5.250%, 2/01/20 – AGC Insured
|
|||||
Louisiana – 4.4% (3.0% of Total Investments)
|
|||||
1,000
|
Jefferson Parish Hospital District1, Louisiana, Hospital Revenue Bonds, West Jefferson Medical
|
1/21 at 100.00
|
AA–
|
1,114,960
|
|
Center, Refunding Series 2011A, 6.000%, 1/01/39 – AGM Insured
|
|||||
5,000
|
Lafayette Public Trust Financing Authority, Louisiana, Revenue Bonds, Ragin’ Cajun Facilities
|
10/20 at 100.00
|
AA–
|
5,554,100
|
|
Inc. Project, Series 2010, 5.500%, 10/01/41 – AGM Insured
|
|||||
1,325
|
Louisiana Public Facilities Authority, Revenue Bonds, Baton Rouge General Hospital, Series
|
7/14 at 100.00
|
BBB
|
1,406,541
|
|
2004, 5.250%, 7/01/24 – NPFG Insured
|
|||||
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Series 2006A:
|
|||||
770
|
4.750%, 5/01/39 – AGM Insured (UB)
|
5/16 at 100.00
|
Aa1
|
805,959
|
|
8,270
|
4.500%, 5/01/41 – FGIC Insured (UB)
|
5/16 at 100.00
|
Aa1
|
8,509,499
|
|
3
|
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Series 2006, Residuals 660-5, 16.191%,
|
5/16 at 100.00
|
Aa1
|
3,718
|
|
5/01/34 – FGIC Insured (IF)
|
|||||
3,085
|
New Orleans, Louisiana, General Obligation Refunding Bonds, Series 2002, 5.125%, 9/01/21 –
|
9/12 at 100.00
|
A3
|
3,146,515
|
|
NPFG Insured
|
|||||
19,453
|
Total Louisiana
|
20,541,292
|
|||
Massachusetts – 0.9% (0.6% of Total Investments)
|
|||||
1,000
|
Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds,
|
1/20 at 100.00
|
AA+
|
1,120,890
|
|
Commonwealth Contract Assistance Secured, Refunding Series 2010B, 5.000%, 1/01/35
|
|||||
2,775
|
Massachusetts Water Resources Authority, General Revenue Bonds, Series 2007A, 4.500%,
|
2/17 at 100.00
|
AA+
|
2,875,871
|
|
8/01/46 – AGM Insured (UB) (5)
|
|||||
3,775
|
Total Massachusetts
|
3,996,761
|
|||
Michigan – 1.1% (0.7% of Total Investments)
|
|||||
3,230
|
Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011,
|
No Opt. Call
|
AA
|
3,432,198
|
|
5.000%, 12/01/39
|
|||||
Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group
|
|||||
Series 2006A:
|
|||||
275
|
5.000%, 12/01/31 (Pre-refunded 12/01/16) (UB)
|
12/16 at 100.00
|
N/R (4)
|
330,374
|
|
1,225
|
5.000%, 12/01/31 (UB)
|
12/16 at 100.00
|
AA
|
1,287,904
|
|
4,730
|
Total Michigan
|
5,050,476
|
|||
Minnesota – 0.5% (0.3% of Total Investments)
|
|||||
1,970
|
Northern Municipal Power Agency, Minnesota, Electric System Revenue Bonds, Refunding Series
|
No Opt. Call
|
AA–
|
2,200,470
|
|
2009A, 5.000%, 1/01/15 – AGC Insured
|
|||||
Missouri – 0.4% (0.3% of Total Investments)
|
|||||
1,600
|
St. Louis County Pattonville School District R3, Missouri, General Obligation Bonds, Series
|
3/14 at 100.00
|
AA (4)
|
1,762,208
|
|
2004, 5.250%, 3/01/19 (Pre-refunded 3/01/14) – AGM Insured
|
|||||
Nebraska – 1.9% (1.3% of Total Investments)
|
|||||
6,360
|
Lincoln, Nebraska, Electric System Revenue Bonds, Series 2005, 5.000%, 9/01/32
|
9/15 at 100.00
|
AA
|
7,068,949
|
|
Municipal Energy Agency of Nebraska, Power Supply System Revenue Bonds, Series 2003A:
|
|||||
1,000
|
5.250%, 4/01/20 – AGM Insured
|
4/13 at 100.00
|
AA–
|
1,044,080
|
|
1,000
|
5.250%, 4/01/21 – AGM Insured
|
4/13 at 100.00
|
AA–
|
1,044,080
|
|
8,360
|
Total Nebraska
|
9,157,109
|
|||
Nevada – 2.1% (1.4% of Total Investments)
|
|||||
2,350
|
Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2009C, 5.000%, 7/01/26 –
|
No Opt. Call
|
AA–
|
2,627,253
|
|
AGM Insured
|
|||||
6,665
|
Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran
|
1/20 at 100.00
|
AA–
|
7,279,713
|
|
International Airport, Series 2010A, 5.250%, 7/01/39 – AGM Insured
|
|||||
9,015
|
Total Nevada
|
9,906,966
|
|||
New Jersey – 1.2% (0.8% of Total Investments)
|
|||||
2,150
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series
|
No Opt. Call
|
A+
|
2,660,045
|
|
2006A, 5.250%, 12/15/20
|
|||||
1,200
|
New Jersey Turnpike Authority, Revenue Bonds, Refunding Series 2005D-1, 5.250%, 1/01/26 –
|
No Opt. Call
|
AA–
|
1,529,724
|
|
AGM Insured
|
|||||
1,340
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
|
6/17 at 100.00
|
B1
|
1,258,702
|
|
Series 2007-1A, 4.500%, 6/01/23
|
|||||
4,690
|
Total New Jersey
|
5,448,471
|
|||
New York – 6.6% (4.5% of Total Investments)
|
|||||
1,120
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore
|
2/15 at 100.00
|
BBB
|
1,222,088
|
|
Hospital, Series 2004, 5.000%, 8/01/23 – FGIC Insured
|
|||||
3,660
|
Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities
|
2/15 at 100.00
|
AA–
|
3,963,890
|
|
Improvements, Series 2005B, 5.000%, 2/15/23 – AMBAC Insured
|
|||||
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Tender
|
|||||
Option Bond Trust 3518:
|
|||||
2,000
|
13.461%, 2/15/33 (IF)
|
2/19 at 100.00
|
AAA
|
2,606,240
|
|
1,335
|
13.449%, 2/15/33 (IF)
|
2/19 at 100.00
|
AAA
|
1,739,291
|
|
850
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series
|
No Opt. Call
|
A
|
962,234
|
|
2011A, 5.750%, 2/15/47
|
|||||
3,130
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 4.500%,
|
2/17 at 100.00
|
A
|
3,105,367
|
|
2/15/47 – NPFG Insured
|
|||||
2,400
|
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2006F, 4.250%,
|
11/16 at 100.00
|
A–
|
2,461,008
|
|
5/01/33 – NPFG Insured
|
|||||
1,900
|
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A, 5.000%,
|
5/21 at 100.00
|
AA–
|
2,089,544
|
|
5/01/36 – AGM Insured
|
|||||
480
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005B,
|
11/15 at 100.00
|
A
|
507,850
|
|
5.000%, 11/15/30 – AMBAC Insured
|
|||||
10,265
|
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds,
|
11/12 at 100.00
|
AA–
|
10,537,330
|
|
Series 2002A, 5.000%, 11/15/30 – AGM Insured
|
|||||
1,435
|
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project
|
3/19 at 100.00
|
AA–
|
1,700,633
|
|
PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured
|
|||||
28,575
|
Total New York
|
30,895,475
|
|||
North Carolina – 0.6% (0.4% of Total Investments)
|
|||||
2,080
|
North Carolina Medical Care Commission, FHA-Insured Mortgage Revenue Bonds, Betsy Johnson
|
10/13 at 100.00
|
AA– (4)
|
2,245,360
|
|
Regional Hospital Project, Series 2003, 5.375%, 10/01/24 (Pre-refunded 10/01/13) – AGM Insured
|
|||||
540
|
Oak Island, North Carolina, Enterprise System Revenue Bonds, Series 2009A, 6.000%, 6/01/34 –
|
6/19 at 100.00
|
AA–
|
621,535
|
|
AGC Insured
|
|||||
2,620
|
Total North Carolina
|
2,866,895
|
|||
Ohio – 1.7% (1.2% of Total Investments)
|
|||||
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
|
|||||
Bonds, Senior Lien, Series 2007A-2:
|
|||||
125
|
5.125%, 6/01/24
|
6/17 at 100.00
|
B–
|
98,591
|
|
710
|
5.875%, 6/01/30
|
6/17 at 100.00
|
B–
|
552,217
|
|
685
|
5.750%, 6/01/34
|
6/17 at 100.00
|
B–
|
510,072
|
|
1,570
|
5.875%, 6/01/47
|
6/17 at 100.00
|
B–
|
1,166,730
|
|
4,650
|
Middletown City School District, Butler County, Ohio, General Obligation Bonds, Refunding
|
No Opt. Call
|
Aa3
|
5,803,433
|
|
Series 2007, 5.250%, 12/01/28 – AGM Insured
|
|||||
7,740
|
Total Ohio
|
8,131,043
|
|||
Oklahoma – 0.4% (0.3% of Total Investments)
|
|||||
2,000
|
Oklahoma Development Finance Authority, Revenue Bonds, Saint John Health System, Series 2007,
|
2/17 at 100.00
|
A
|
2,088,100
|
|
5.000%, 2/15/37
|
|||||
Oregon – 0.7% (0.5% of Total Investments)
|
|||||
3,000
|
Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Series 2009A,
|
5/19 at 100.00
|
AAA
|
3,439,770
|
|
5.000%, 11/15/33
|
|||||
Pennsylvania – 4.7% (3.2% of Total Investments)
|
|||||
4,500
|
Allegheny County, Pennsylvania, Airport Revenue Refunding Bonds, Pittsburgh International
|
No Opt. Call
|
BBB+
|
4,651,380
|
|
Airport, Series 1997A, 5.750%, 1/01/13 – NPFG Insured (Alternative Minimum Tax)
|
|||||
1,050
|
Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2010E,
|
1/20 at 100.00
|
AA–
|
1,136,531
|
|
5.000%, 1/01/40 – AGM Insured
|
|||||
4,130
|
Pennsylvania Public School Building Authority, Lease Revenue Bonds, School District of
|
12/16 at 100.00
|
Aa2
|
4,283,141
|
|
Philadelphia, Series 2006B, 4.500%, 6/01/32 – AGM Insured (UB)
|
|||||
1,050
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2006A, 5.000%, 12/01/26 –
|
6/16 at 100.00
|
Aa3
|
1,145,309
|
|
AMBAC Insured
|
|||||
6,000
|
Pennsylvania Turnpike Commission, Turnpike Subordinate Revenue Bonds, Series 2009C, 0.000%,
|
6/26 at 100.00
|
AA–
|
5,698,440
|
|
6/01/33 – AGM Insured
|
|||||
2,000
|
Philadelphia Municipal Authority, Pennsylvania, Lease Revenue Bonds, Series 2003B, 5.250%,
|
11/13 at 100.00
|
AA–
|
2,105,820
|
|
11/15/18 – AGM Insured
|
|||||
2,000
|
Reading School District, Berks County, Pennsylvania, General Obligation Bonds, Series 2005,
|
1/16 at 100.00
|
AA–
|
2,269,320
|
|
5.000%, 1/15/19 – AGM Insured (UB)
|
|||||
1,000
|
State Public School Building Authority, Pennsylvania, Lease Revenue Bonds, Philadelphia School
|
6/13 at 100.00
|
AA+ (4)
|
1,063,490
|
|
District, Series 2003, 5.000%, 6/01/23 (Pre-refunded 6/01/13) – AGM Insured
|
|||||
21,730
|
Total Pennsylvania
|
22,353,431
|
|||
Puerto Rico – 0.9% (0.6% of Total Investments)
|
|||||
1,225
|
Puerto Rico Municipal Finance Agency, Series 2005C, 5.250%, 8/01/21 – CIFG Insured
|
No Opt. Call
|
AA–
|
1,379,791
|
|
8,480
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Senior Series 2011C,
|
No Opt. Call
|
Aa2
|
1,988,051
|
|
0.000%, 8/01/39
|
|||||
5,000
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%,
|
No Opt. Call
|
Aa2
|
947,400
|
|
8/01/42 – NPFG Insured
|
|||||
14,705
|
Total Puerto Rico
|
4,315,242
|
|||
South Carolina – 1.4% (1.0% of Total Investments)
|
|||||
1,950
|
Greenville County School District, South Carolina, Installment Purchase Revenue Bonds, Series
|
12/16 at 100.00
|
AA
|
2,125,559
|
|
2006, 5.000%, 12/01/28 – AGM Insured
|
|||||
Greenville, South Carolina, Tax Increment Revenue Improvement Bonds, Series 2003:
|
|||||
1,000
|
5.500%, 4/01/17 (Pre-refunded 4/01/13) – NPFG Insured
|
4/13 at 100.00
|
A– (4)
|
1,061,060
|
|
2,300
|
5.000%, 4/01/21 (Pre-refunded 4/01/13) – NPFG Insured
|
4/13 at 100.00
|
A– (4)
|
2,427,052
|
|
1,000
|
Scago Educational Facilities Corporation, South Carolina, Installment Purchase Revenue Bonds,
|
10/15 at 100.00
|
AA–
|
1,093,210
|
|
Spartanburg County School District 5, Series 2005, 5.000%, 4/01/21 – AGM Insured
|
|||||
6,250
|
Total South Carolina
|
6,706,881
|
|||
Tennessee – 8.8% (6.0% of Total Investments)
|
|||||
Memphis, Tennessee, Sanitary Sewerage System Revenue Bonds, Series 2004:
|
|||||
1,495
|
5.000%, 10/01/19 – AGM Insured
|
10/14 at 100.00
|
AA
|
1,653,500
|
|
1,455
|
5.000%, 10/01/20 – AGM Insured
|
10/14 at 100.00
|
AA
|
1,609,259
|
|
1,955
|
5.000%, 10/01/21 – AGM Insured
|
10/14 at 100.00
|
AA
|
2,162,269
|
|
10,000
|
Memphis-Shelby County Sports Authority, Tennessee, Revenue Bonds, Memphis Arena, Series 2002A,
|
11/12 at 100.00
|
AA– (4)
|
10,370,300
|
|
5.125%, 11/01/28 (Pre-refunded 11/01/12) – AMBAC Insured
|
|||||
10,000
|
Memphis-Shelby County Sports Authority, Tennessee, Revenue Bonds, Memphis Arena, Series 2002B,
|
11/12 at 100.00
|
AA– (4)
|
10,370,300
|
|
5.125%, 11/01/29 (Pre-refunded 11/01/12) – AMBAC Insured
|
|||||
15,195
|
Tennessee State School Bond Authority, Higher Educational Facilities Second Program Bonds,
|
5/12 at 100.00
|
Aa1 (4)
|
15,388,888
|
|
Series 2002A, 5.250%, 5/01/32 (Pre-refunded 5/01/12) – AGM Insured
|
|||||
40,100
|
Total Tennessee
|
41,554,516
|
|||
Texas – 19.6% (13.4% of Total Investments)
|
|||||
2,265
|
Dallas-Ft. Worth International Airport, Texas, Joint Revenue Refunding and Improvement Bonds,
|
4/12 at 100.00
|
A+
|
2,274,694
|
|
Series 2001A, 5.750%, 11/01/13 – NPFG Insured (Alternative Minimum Tax)
|
|||||
Harris County Health Facilities Development Corporation, Texas, Thermal Utility Revenue Bonds,
|
|||||
TECO Project, Series 2003:
|
|||||
2,240
|
5.000%, 11/15/16 – NPFG Insured
|
11/13 at 100.00
|
AA
|
2,397,405
|
|
2,355
|
5.000%, 11/15/17 – NPFG Insured
|
11/13 at 100.00
|
AA
|
2,513,727
|
|
1,545
|
Harris County Metropolitan Transit Authority, Texas, Sales and Use Tax Revenue Bonds, Tender
|
11/21 at 100.00
|
AA
|
2,158,674
|
|
Option Bond Trust 1014, 13.675%, 11/01/41 (IF)
|
|||||
4,080
|
Harris County, Texas, General Obligtion Toll Road Revenue Bonds, Tender Option Bond Trust
|
No Opt. Call
|
AAA
|
8,066,935
|
|
3418, 13.996%, 8/15/27 – AGM Insured (IF)
|
|||||
13,000
|
Houston Area Water Corporation, Texas, Contract Revenue Bonds, Northeast Water Purification
|
3/12 at 100.00
|
N/R (4)
|
13,054,080
|
|
Plant, Series 2002, 5.125%, 3/01/32 (Pre-refunded 3/01/12) – FGIC Insured
|
|||||
1,000
|
Houston, Texas, First Lien Combined Utility System Revenue Bonds, Series 2004A, 5.250%,
|
5/14 at 100.00
|
AA
|
1,091,030
|
|
5/15/24 – FGIC Insured
|
|||||
3,220
|
North Fort Bend Water Authority, Texas, Water System Revenue Bonds, Series 2011, 5.000%,
|
12/21 at 100.00
|
AA–
|
3,476,280
|
|
12/15/36 – AGM Insured
|
|||||
North Texas Tollway Authority, Special Projects System Revenue Bonds, Series 2011C:
|
|||||
2,590
|
0.000%, 9/01/43
|
9/31 at 100.00
|
AA
|
1,705,152
|
|
3,910
|
0.000%, 9/01/45
|
9/31 at 100.00
|
AA
|
2,842,531
|
|
500
|
San Antonio, Texas, Water Revenue Refunding Bonds, Series 2002, 5.500%, 5/15/17 (Pre-refunded
|
5/12 at 100.00
|
Aa1 (4)
|
507,730
|
|
5/15/12) – AGM Insured
|
|||||
3,845
|
San Antonio, Texas, Water Revenue Refunding Bonds, Series 2002, 5.500%, 5/15/17 – AGM Insured
|
5/12 at 100.00
|
Aa1
|
3,902,406
|
|
6,940
|
Texas Department of Housing and Community Affairs, Single Family Mortgage Bonds, Series 2002B,
|
3/12 at 100.00
|
AA+
|
6,945,274
|
|
5.550%, 9/01/33 – NPFG Insured (Alternative Minimum Tax)
|
|||||
Texas Public Finance Authority, Revenue Bonds, Texas Southern University Financing System,
|
|||||
Series 2002:
|
|||||
3,520
|
5.125%, 11/01/20 – NPFG Insured
|
5/12 at 100.00
|
Baa1
|
3,524,506
|
|
3,520
|
5.125%, 11/01/21 – NPFG Insured
|
5/12 at 100.00
|
Baa1
|
3,522,922
|
|
Texas Student Housing Authority, Revenue Bonds, Austin Project, Senior Series 2001A:
|
|||||
9,000
|
5.375%, 1/01/23 – NPFG Insured
|
1/14 at 100.00
|
Baa2
|
7,883,460
|
|
11,665
|
5.500%, 1/01/33 – NPFG Insured
|
1/13 at 101.00
|
Baa2
|
9,303,304
|
|
5,000
|
Texas Water Development Board, Senior Lien State Revolving Fund Revenue Bonds, Series 1999B,
|
4/12 at 100.00
|
AAA
|
5,020,150
|
|
5.250%, 7/15/17
|
|||||
9,145
|
Texas, General Obligation Bonds, Veterans Housing Assistance Program Fund II, Series 2002A-1,
|
6/12 at 100.00
|
Aaa
|
9,276,871
|
|
5.250%, 12/01/22 (Pre-refunded 6/01/12) (Alternative Minimum Tax) (UB)
|
|||||
3,000
|
Williamson County, Texas, General Obligation Bonds, Series 2002, 5.250%, 2/15/25
|
2/12 at 100.00
|
AAA
|
2,997,612
|
|
(Pre-refunded 2/15/12) – AGM Insured
|
|||||
92,340
|
Total Texas
|
92,464,743
|
|||
Utah – 1.4% (0.9% of Total Investments)
|
|||||
4,865
|
Utah Transit Authority, Sales Tax Revenue Bonds, Series 2008, Trust 1193, 13.430%, 12/15/15 –
|
No Opt. Call
|
AAA
|
6,513,651
|
|
AGM Insured (IF)
|
|||||
Washington – 14.5% (9.9% of Total Investments)
|
|||||
5,265
|
Energy Northwest, Washington Public Power, Nine Canyon Wind Project Revenue Bonds, Series
|
7/16 at 100.00
|
A
|
5,401,574
|
|
2006A, 4.500%, 7/01/30 – AMBAC Insured
|
|||||
3,235
|
Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station –
|
7/12 at 100.00
|
AA– (4)
|
3,304,973
|
|
Nuclear Project 2, Series 2002B, 5.350%, 7/01/18 (Pre-refunded 7/01/12) – AGM Insured
|
|||||
3,365
|
Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station –
|
7/12 at 100.00
|
AA–
|
3,432,401
|
|
Nuclear Project 2, Series 2002B, 5.350%, 7/01/18 – AGM Insured
|
|||||
7,675
|
Energy Northwest, Washington, Electric Revenue Refunding Bonds, Nuclear Project 1, Series
|
7/12 at 100.00
|
Aa1
|
7,839,399
|
|
2002A, 5.500%, 7/01/15 – NPFG Insured
|
|||||
2,500
|
Port of Seattle, Washington, Revenue Refunding Bonds, Series 2002D, 5.750%, 11/01/15 – FGIC
|
11/12 at 100.00
|
Aa2
|
2,578,200
|
|
Insured (Alternative Minimum Tax)
|
|||||
2,200
|
Snohomish County School District 2, Everett, Washington, General Obligation Bonds, Series
|
12/13 at 100.00
|
AA+
|
2,372,084
|
|
2003B, 5.000%, 6/01/17 – AGM Insured
|
|||||
3,255
|
Thurston and Pierce Counties School District, Washington, General Obligation Bonds, Yelm
|
6/13 at 100.00
|
Aa1 (4)
|
3,472,499
|
|
Community Schools, Series 2003, 5.250%, 12/01/16 (Pre-refunded 6/01/13) – AGM Insured
|
|||||
10,000
|
University of Washington, General Revenue Bonds, Refunding Series 2007, 5.000%, 6/01/37 –
|
6/17 at 100.00
|
Aaa
|
10,786,600
|
|
AMBAC Insured (UB)
|
|||||
4,325
|
Washington State Economic Development Finance Authority, Wastewater Revenue Bonds, LOTT
|
6/12 at 100.00
|
Aa3 (4)
|
4,396,709
|
|
Project, Series 2002, 5.125%, 6/01/22 (Pre-refunded 6/01/12) – AMBAC Insured
|
|||||
15,000
|
Washington State Health Care Facilities Authority, Revenue Bonds, Harrison Memorial Hospital,
|
8/13 at 102.00
|
N/R
|
15,127,797
|
|
Series 1998, 5.000%, 8/15/28 – AMBAC Insured
|
|||||
3,335
|
Washington State, General Obligation Bonds, Series 2009, Trust 1212, 13.597%, 7/01/14 –
|
No Opt. Call
|
AA+
|
4,358,878
|
|
AGM Insured (IF)
|
|||||
5,170
|
Whitman County School District 267, Pullman, Washington, General Obligation Bonds, Series
|
6/12 at 100.00
|
Aa1 (4)
|
5,253,541
|
|
2002, 5.000%, 12/01/20 (Pre-refunded 6/01/12) – AGM Insured
|
|||||
65,325
|
Total Washington
|
68,324,655
|
|||
Wisconsin – 1.6% (1.1% of Total Investments)
|
|||||
2,220
|
Wisconsin Health and Educational Facilities Authority, Revenus Bonds, Gundersen Lutheran,
|
10/21 at 100.00
|
A+
|
2,350,514
|
|
Series 2011A, 5.250%, 10/15/39
|
|||||
5,000
|
Wisconsin, Transportation Revenue Refunding Bonds, Series 2002-1, 5.125%, 7/01/18
|
7/12 at 100.00
|
AA+ (4)
|
5,103,250
|
|
(Pre-refunded 7/01/12) – AMBAC Insured
|
|||||
7,220
|
Total Wisconsin
|
7,453,764
|
|||
$ 747,718
|
Total Municipal Bonds (cost $639,749,674) – 146.0%
|
688,339,490
|
|||
Shares
|
Description (1)
|
Value
|
|||
Investment Companies – 0.3% (0.2% of Total Investments)
|
|||||
13,600
|
BlackRock MuniEnhanced Fund Inc.
|
163,880
|
|||
8,134
|
BlackRock MuniHoldings Fund Inc.
|
146,005
|
|||
7,920
|
Dreyfus Strategic Municipal Fund
|
73,102
|
|||
3,500
|
DWS Municipal Income Trust
|
49,735
|
|||
9,500
|
Invesco Advantage Municipal Income Fund II
|
126,350
|
|||
9,668
|
Invesco Quality Municipal Income Trust
|
134,482
|
|||
28,980
|
Invesco Van Kampen Investment Grade Municipal Trust
|
447,451
|
|||
26,280
|
PIMCO Municipal Income Fund II
|
338,224
|
|||
Total Investment Companies (cost $1,353,712)
|
1,479,229
|
||||
Total Investments (cost $641,103,386) – 146.3%
|
689,818,719
|
||||
Floating Rate Obligations – (6.0)%
|
(28,413,334)
|
||||
MuniFund Term Preferred Shares, at Liquidation Value – (22.9)% (6)
|
(108,000,000)
|
||||
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value – (19.6)% (6)
|
(92,500,000)
|
||||
Other Assets Less Liabilities – 2.2%
|
10,714,234
|
||||
Net Assets Applicable to Common Shares – 100%
|
$ 471,619,619
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Investments:
|
|||||||||||||||
Municipal Bonds
|
$ | — | $ | 688,339,490 | $ | — | $ | 688,339,490 | |||||||
Investment Companies
|
1,479,229 | — | — | 1,479,229 | |||||||||||
Total
|
$ | 1,479,229 | $ | 688,339,490 | $ | — | $ | 689,818,719 |
Gross unrealized:
|
|||
Appreciation
|
$ | 55,312,559 | |
Depreciation
|
(13,987,082 | ) | |
Net unrealized appreciation (depreciation) of investments
|
$ | 41,325,477 |
(1)
|
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common
|
|
shares unless otherwise noted.
|
||
(2)
|
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.
|
|
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities
|
||
may be subject to periodic principal paydowns.
|
||
(3)
|
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service,
|
|
Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s
|
||
or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated
|
||
by any of these national rating agencies.
|
||
(4)
|
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities,
|
|
which ensure the timely payment of principal and interest. Certain bonds backed by U.S. Government or
|
||
agency securities are regarded as having an implied rating equal to the rating of such securities.
|
||
(5)
|
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for
|
|
investments in inverse floating rate transactions.
|
||
(6)
|
MuniFund Term Preferred Shares and Variable Rate MuniFund Term Preferred Shares, at Liquidation Value
|
|
as a percentage of Total Investments are 15.7% and 13.4%, respectively.
|
||
N/R
|
Not rated.
|
|
WI/DD
|
Purchased on a when-issued or delayed delivery basis.
|
|
(IF)
|
Inverse floating rate investment.
|
|
(UB)
|
Underlying bond of an inverse floating rate trust refelected as a financing transaction.
|
a.
|
The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
|
b.
|
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
|