NOT FDIC INSURED
|
OFFER NO BANK GUARANTEE | MAY LOSE VALUE | ||||
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
|
NOT A DEPOSIT | |||||
Advantage
Municipal Income Trust II |
||||||||||||
Symbol: VKI | ||||||||||||
Average Annual |
Based |
Based on |
||||||||||
Total Returns | on NAV | Market Price | ||||||||||
Since Inception (8/27/93) | 4.05 | % | 3.80 | % | ||||||||
10-year | 3.05 | 3.78 | ||||||||||
5-year | 0.48 | 0.50 | ||||||||||
1-year | 13.59 | 13.36 | ||||||||||
6-month | 13.78 | 21.85 | ||||||||||
Based on |
Based on |
Barclays
Capital |
|||||||||||||||||
NAV | Market Price | Municipal Bond Index | |||||||||||||||||
13.78 | % | 21.85 | % | 8.20 | % | ||||||||||||||
Ratings Allocation as of 4/30/09 (Unaudited) | ||||
AAA/Aaa
|
25.5 | % | ||
AA/Aa
|
33.4 | |||
A/A
|
15.6 | |||
BBB/Baa
|
15.0 | |||
BB/Ba
|
1.2 | |||
Non-Rated
|
9.3 | |||
Top Five Sectors as of 4/30/09 (Unaudited) | ||||
Hospital
|
20.9 | % | ||
Airports
|
8.8 | |||
Water & Sewer
|
6.4 | |||
Public Education
|
5.9 | |||
Utilities
|
5.8 | |||
Summary of Investments by State Classification as of 4/30/09 (Unaudited) | ||||
California
|
15.1 | % | ||
Texas
|
12.8 | |||
Illinois
|
10.7 | |||
Florida
|
6.6 | |||
New Jersey
|
4.9 | |||
Ohio
|
4.1 | |||
New York
|
3.9 | |||
South Carolina
|
3.5 | |||
Louisiana
|
3.2 | |||
Tennessee
|
2.5 | |||
Missouri
|
2.2 | |||
Arizona
|
2.2 | |||
Massachusetts
|
2.2 | |||
Colorado
|
2.1 | |||
Georgia
|
1.9 | |||
Michigan
|
1.9 | |||
Nevada
|
1.8 | |||
Wisconsin
|
1.6 | |||
Indiana
|
1.6 | |||
Maryland
|
1.4 | |||
Virginia
|
1.3 | |||
District of Columbia
|
1.3 | |||
Kentucky
|
1.0 | |||
Hawaii
|
1.0 | |||
Alabama
|
0.9 | |||
Oklahoma
|
0.7 | |||
Kansas
|
0.7 | |||
Minnesota
|
0.7 | |||
Washington
|
0.6 | |||
Nebraska
|
0.6 | |||
Oregon
|
0.5 | |||
New Hampshire
|
0.5 | |||
Utah
|
0.5 | |||
West Virginia
|
0.5 | |||
New Mexico
|
0.4 | |||
Mississippi
|
0.4 |
Summary of Investments by State Classification as of 4/30/09 (Unaudited) | ||||
(continued from previous page) | ||||
Iowa
|
0.3 | % | ||
Idaho
|
0.3 | |||
Pennsylvania
|
0.3 | |||
South Dakota
|
0.3 | |||
North Carolina
|
0.3 | |||
Alaska
|
0.3 | |||
Wyoming
|
0.2 | |||
Arkansas
|
0.2 | |||
Connecticut
|
0.0 | * | ||
Total Investments
|
100.0 | % |
* | Amount is less than 0.1%. |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Municipal Bonds 192.3% Alabama 1.7% |
||||||||||||||
$ | 2,375 | Bessemer, AL Governmental Util Svc Corp Wtr Supply Rev Rfdg, Ser A (AGL Insd) (a) | 5.000 | % | 06/01/39 | $ | 2,334,340 | |||||||
2,000 | Birmingham Baptist Med Ctr AL Spl Care Fac Fin Auth Rev Baptist Hlth Sys, Ser A | 5.875 | 11/15/24 | 1,734,280 | ||||||||||
1,450 | Health Care Auth For Baptist Hlth AL, Ser A (b) | 6.125 | 11/15/36 | 1,455,843 | ||||||||||
1,900 | Huntsville Redstone Vlg, AL Spl Care Fac Fin Auth Redstone Vlg Proj | 5.500 | 01/01/43 | 1,117,428 | ||||||||||
4 | Mobile, AL Indl Dev Brd Solid Waste Disp Rev Mobile Energy Svc Co Proj Rfdg | 6.950 | 01/01/20 | 333 | ||||||||||
1,000 | Valley, AL Spl Care Fac Fin Auth Rev Lanier Mem Hosp, Ser A | 5.600 | 11/01/16 | 867,610 | ||||||||||
7,509,834 | ||||||||||||||
Alaska 0.5% | ||||||||||||||
4,250 | Northern Tob Sec Corp AK Tob Settlement, Ser A | 5.000 | 06/01/46 | 2,225,555 | ||||||||||
Arizona 4.3% | ||||||||||||||
1,875 | Arizona St Trans Brd Hwy Rev, Ser B | 5.000 | 07/01/25 | 2,013,919 | ||||||||||
2,810 | Arizona St Trans Brd Hwy Rev, Ser B | 5.000 | 07/01/26 | 2,994,870 | ||||||||||
5,000 | Glendale, AZ Indl Dev Auth John C Lincoln Hlth Rfdg, Ser B | 5.000 | 12/01/37 | 3,795,800 | ||||||||||
725 | Pima Cnty, AZ Indl Dev Auth Indl Rev Lease Oblig Irvington Proj Tucson Rfdg, Ser A (FSA Insd) | 7.250 | 07/15/10 | 728,755 | ||||||||||
2,500 | Pima Cnty, AZ Indl Dev Auth Wtr & Wastewtr Rev Global Wtr Resh LLC Proj (AMT) | 6.550 | 12/01/37 | 1,741,125 | ||||||||||
2,305 | Salt Riv Proj AZ Agric Impt & Pwr Dist Elec Sys Rev, Ser A | 5.000 | 01/01/28 | 2,409,140 | ||||||||||
2,685 | South Campus Group LLC AZ Std Hsg Rev AZ St Univ South Campus Proj (NATL Insd) | 5.625 | 09/01/35 | 2,692,437 | ||||||||||
4,000 | University Med Ctr Corp AZ Hosp Rev | 5.000 | 07/01/35 | 3,041,680 | ||||||||||
19,417,726 | ||||||||||||||
Arkansas 0.3% | ||||||||||||||
1,930 | Arkansas St Cap Apprec College Svg (c) | * | 06/01/16 | 1,561,660 | ||||||||||
California 29.4% | ||||||||||||||
6,000 | Anaheim, CA Pub Fin Auth Lease Rev Cap Apprec Sub Pub Impt Proj, Ser C (FSA Insd) | * | 09/01/19 | 3,453,180 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
California (Continued) | ||||||||||||||
$ | 7,195 | Anaheim, CA Pub Fin Auth Lease Rev Cap Apprec Sub Pub Impt Proj, Ser C (FSA Insd) | * | 09/01/21 | $ | 3,549,725 | ||||||||
1,300 | Anaheim, CA Pub Fin Auth Lease Rev Pub Impt Proj, Ser C (FSA Insd) | 6.000 | % | 09/01/16 | 1,494,363 | |||||||||
2,095 | Bay Area Govt Assn CA Rev Tax Alloc CA Redev Pool, Ser A (Syncora Gtd) | 5.250 | 09/01/35 | 1,675,623 | ||||||||||
4,000 | Bay Area Toll Auth CA Toll Brdg Rev San Francisco Bay Area, Ser F1 | 5.000 | 04/01/39 | 3,944,840 | ||||||||||
900 | Beverly Hills, CA Uni Sch Dist Cap Apprec 2008 Election | * | 08/01/28 | 323,244 | ||||||||||
3,000 | California Cnty, CA Tob Sec Agy Tob LA Cnty Sec (d) | 0.000/5.250 | 06/01/21 | 1,976,910 | ||||||||||
2,050 | California Cnty, CA Tob Sec Agy Tob Merced Cnty Rfdg, Ser A | 5.125 | 06/01/38 | 1,187,134 | ||||||||||
1,000 | California Cnty, CA Tob Sec Agy Tob Merced Cnty Rfdg, Ser A | 5.250 | 06/01/45 | 530,160 | ||||||||||
6,000 | California Hsg Fin Agy Rev Home Mtg, Ser G (AMT) (a) | 4.950 | 08/01/23 | 5,234,640 | ||||||||||
4,000 | California Hsg Fin Agy Rev Home Mtg, Ser G (AMT) (a) | 5.050 | 02/01/29 | 3,263,680 | ||||||||||
7,100 | California Hsg Fin Agy Rev Home Mtg, Ser I (AMT) | 4.800 | 08/01/36 | 5,389,823 | ||||||||||
3,550 | California Hsg Fin Agy Rev Home Mtg, Ser K (AMT) (a) | 5.300 | 08/01/23 | 3,231,388 | ||||||||||
4,100 | California Hsg Fin Agy Rev Home Mtg, Ser K (AMT) (a) | 5.450 | 08/01/28 | 3,544,942 | ||||||||||
3,000 | California Pollutn Ctl Fin Auth Solid Waste Disp Rev Waste Mgmt Inc Proj, Ser C (AMT) (b) | 5.125 | 11/01/23 | 2,659,440 | ||||||||||
95 | California St (AMBAC Insd) | 5.125 | 10/01/27 | 95,012 | ||||||||||
850 | California St Dept Wtr Res Wtr Rev Cent Vly Proj, Ser AE (a) | 5.000 | 12/01/24 | 911,651 | ||||||||||
1,075 | California St Dept Wtr Res Wtr Rev Cent Vly Proj, Ser AE (a) | 5.000 | 12/01/25 | 1,143,628 | ||||||||||
1,075 | California St Dept Wtr Res Wtr Rev Cent Vly Proj, Ser AE (a) | 5.000 | 12/01/26 | 1,135,211 | ||||||||||
650 | California St Dept Wtr Res Wtr Rev Cent Vly Proj, Ser AE (a) | 5.000 | 12/01/27 | 680,914 | ||||||||||
1,075 | California St Dept Wtr Res Wtr Rev Cent Vly Proj, Ser AE (a) | 5.000 | 12/01/28 | 1,118,752 | ||||||||||
25 | California St (Prerefunded @ 2/01/12) | 5.000 | 02/01/19 | 27,525 | ||||||||||
4,000 | California St Pub Wks Brd Lease Rev Dept of Corrections St Prisons Rfdg, Ser A (AMBAC Insd) | 5.000 | 12/01/19 | 4,040,800 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
California (Continued) | ||||||||||||||
$ | 3,750 | California St Pub Wks Brd Lease Rev Dept of Mental Hlth Coalinga, Ser A | 5.000 | % | 06/01/24 | $ | 3,516,113 | |||||||
4,600 | California St Pub Wks Brd Lease Rev Var Univ CA Proj Rfdg, Ser A | 5.500 | 06/01/10 | 4,679,718 | ||||||||||
1,950 | California St Var Purp | 5.750 | 04/01/31 | 1,989,780 | ||||||||||
8,920 | California St Vet, Ser CD (AMT) | 4.600 | 12/01/32 | 6,984,003 | ||||||||||
1,000 | California Statewide Cmnty Dev Auth Rev Front Porch Cmnty & Svc, Ser A (e) | 5.125 | 04/01/37 | 654,200 | ||||||||||
2,000 | Chawanakee, CA Uni Sch Dist Ctf Partn, Ser A (d) | 6.250/9.000 | 05/01/39 | 1,998,560 | ||||||||||
445 | Daly City, CA Hsg Dev Fin Agy Mobile Home Pk Rev Third Tier Franciscan Rfdg, Ser C | 6.500 | 12/15/47 | 317,183 | ||||||||||
2,000 | Florin, CA Res Consv Dist Cap Impt Elk Grove Wtr Svc, Ser A (NATL Insd) | 5.000 | 09/01/33 | 1,702,560 | ||||||||||
30,000 | Foothill/Eastern Corridor Agy CA Toll Rd Rev Cap Apprec Rfdg, Ser A | * | 01/15/22 | 9,664,500 | ||||||||||
5,000 | Foothill/Eastern Tran Corridor Agy CA Toll Rd Rev (NATL Insd) | * | 01/15/18 | 2,408,750 | ||||||||||
7,860 | Golden St Tob Sec Corp CA Tob Settlement Rev Asset Bkd Sr, Ser A-1 | 5.750 | 06/01/47 | 4,525,788 | ||||||||||
1,000 | Hesperia, CA Pub Fin Auth Rev Redev & Hsg Proj, Ser A (Syncora Gtd) | 5.000 | 09/01/31 | 746,580 | ||||||||||
3,950 | Los Angeles, CA Dept Wtr & Pwr, Ser A (NATL Insd) | 5.125 | 07/01/40 | 3,874,358 | ||||||||||
3,000 | Los Angeles, CA Wtr & Pwr Rev Pwr Sys Sub, Ser A-1 | 5.250 | 07/01/38 | 3,023,670 | ||||||||||
470 | Morongo Band of Mission Indians CA Enterprise Rev Indians Enterprise Casino, Ser B (e) | 5.500 | 03/01/18 | 390,876 | ||||||||||
1,000 | Palomar Pomerado Hlthcare Dist CA Ctf Partn, Ser B (FSA Insd) (b) (f) | 2.700 | 11/01/36 | 1,000,000 | ||||||||||
900 | Palomar Pomerado Hlthcare Dist CA Ctf Partn, Ser C (FSA Insd) (b) (f) | 4.000 | 11/01/36 | 900,000 | ||||||||||
5,500 |
Port Oakland, CA, Ser L (NATL Insd) (AMT) |
5.000 | 11/01/32 | 4,362,765 | ||||||||||
2,600 | Quechan Indian Tribe Ft Yuma Indian Reservation CA & Govt Proj | 7.000 | 12/01/27 | 1,807,312 | ||||||||||
9,000 | Riverside Cnty, CA Asset Leasing Corp Leasehold Rev Riverside Cnty Hosp Proj (NATL Insd) | * | 06/01/21 | 4,870,800 | ||||||||||
1,350 | San Francisco, CA City & Cnty Arpt Commn Intl Arpt Rfdg 2nd, Ser A-4 (AMT) (b) | 6.500 | 05/01/19 | 1,401,624 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
California (Continued) | ||||||||||||||
$ | 13,880 |
San Joaquin Hills, CA Trans Corridor Agy Toll Rd Rev Cap Apprec
Rfdg, Ser A (NATL Insd) |
* | 01/15/28 | $ | 3,251,529 | ||||||||
4,200 | Tobacco Sec Auth Northn CA Tob Settlement Rev Asset Bkd Bd, Ser A-1 | 5.375 | % | 06/01/38 | 2,536,464 | |||||||||
4,300 | Tobacco Sec Auth Northn CA Tob Settlement Rev Asset Bkd Bd, Ser A-1 | 5.500 | 06/01/45 | 2,382,501 | ||||||||||
1,000 | Tobacco Sec Auth Southn CA Tob Settlement Sr, Ser A-1 | 5.000 | 06/01/37 | 569,790 | ||||||||||
14,000 | Tobacco Sec Auth Southn CA Tob Settlement Sr, Ser A-1 | 5.125 | 06/01/46 | 7,236,600 | ||||||||||
4,000 | Vernon, CA Nat Gas Fin Auth Rev Vernon Gas Proj, Ser C (NATL Insd) (b) (f) | 6.750 | 08/01/21 | 4,000,000 | ||||||||||
131,408,609 | ||||||||||||||
Colorado 3.7% | ||||||||||||||
1,945 | Colorado Ed & Cultural Fac Auth Rev Charter Sch Pinnacle Impt & Rfdg (Syncora Gtd) | 5.250 | 06/01/23 | 1,777,399 | ||||||||||
1,200 | Colorado Hlth Fac Auth Hlth & Residential Care Fac Volunteers of Amer Care, Ser A | 5.300 | 07/01/37 | 676,452 | ||||||||||
5,425 | Colorado Hlth Fac Auth Rev Catholic Hlth, Ser C5 (FSA Insd) (a) | 5.000 | 09/01/36 | 5,236,698 | ||||||||||
2,700 | Colorado Hlth Fac Auth Rev Hlth Fac Evangelical Lutheran | 5.000 | 06/01/35 | 2,005,182 | ||||||||||
2,250 | Colorado Hlth Fac Auth Rev Hosp Portercare Adventist Hlth (Prerefunded @ 11/15/11) | 6.500 | 11/15/31 | 2,548,440 | ||||||||||
1,000 | Colorado Hlth Fac Auth Rev Hosp Valley View Assn Proj | 5.125 | 05/15/37 | 728,010 | ||||||||||
15 | Colorado Hsg Fin Auth Single Family Pgm Sr, Ser A2 (AMT) | 7.250 | 05/01/27 | 15,279 | ||||||||||
1,150 | Denver, CO City & Cnty Arpt Rev, Ser D (AMT) | 7.750 | 11/15/13 | 1,239,516 | ||||||||||
1,700 | Salida, CO Hosp Dist Rev | 5.250 | 10/01/36 | 1,001,691 | ||||||||||
1,500 | University CO Hosp Auth Rev, Ser A | 5.000 | 11/15/37 | 1,113,960 | ||||||||||
16,342,627 | ||||||||||||||
Connecticut 0.1% | ||||||||||||||
675 | Mashantucket Western Pequot Tribe CT 2006 Sub Spl Rev Bd, Ser A (e) | 5.500 | 09/01/36 | 323,433 | ||||||||||
District of Columbia 2.5% | ||||||||||||||
850 | District Columbia Wtr & Swr Auth Pub Util Rev Sub Lien Rfdg, Ser A (AGL Insd) (a) | 5.000 | 10/01/29 | 860,804 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
District of Columbia (Continued) | ||||||||||||||
$ | 1,725 | District Columbia Wtr & Swr Auth Pub Util Rev Sub Lien Rfdg, Ser A (AGL Insd) (a) | 5.000 | % | 10/01/34 | $ | 1,730,071 | |||||||
5,500 | District Columbia Wtr & Swr Auth Pub Util Rev Sub Lien, Ser A (FSA Insd) | 5.500 | 10/01/41 | 5,686,835 | ||||||||||
3,000 | Metropolitan Washington DC Arpt Auth Sys, Ser A (NATL Insd) (AMT) | 5.250 | 10/01/32 | 2,800,830 | ||||||||||
11,078,540 | ||||||||||||||
Florida 12.4% | ||||||||||||||
1,000 | Alachua Cnty, FL Indl Dev Rev North FL Retirement Vlg | 5.875 | 11/15/36 | 667,460 | ||||||||||
700 | Alachua Cnty, FL Indl Dev Rev North FL Retirement Vlg | 5.875 | 11/15/42 | 455,868 | ||||||||||
340 | Beacon Lakes, FL Cmnty Dev FL Spl Assmt, Ser A | 6.000 | 05/01/38 | 212,990 | ||||||||||
250 | Beacon Lakes, FL Cmnty Dev FL Spl Assmt Sub, Ser B | 6.200 | 05/01/38 | 153,548 | ||||||||||
1,435 | Brevard Cnty, FL Hlth Fac Auth Residential Care Fac Rev Buena Vida Estates Inc | 6.750 | 01/01/37 | 1,029,555 | ||||||||||
480 | Escambia Cnty, FL Hlth Fac Auth Rev (AMBAC Insd) | 5.950 | 07/01/20 | 494,813 | ||||||||||
1,305 | Florida St Tpk Auth Tpk Rev Dept Trans Rfdg, Ser A (a) | 5.000 | 07/01/26 | 1,307,245 | ||||||||||
1,325 | Florida St Tpk Auth Tpk Rev Dept Trans Rfdg, Ser A (a) | 5.000 | 07/01/27 | 1,319,634 | ||||||||||
1,440 | Florida St Tpk Auth Tpk Rev Dept Trans Rfdg, Ser A (a) | 5.000 | 07/01/28 | 1,418,990 | ||||||||||
2,500 | Florida St Tpk Auth Tpk Rev Dept Trans Rfdg, Ser A (a) | 5.000 | 07/01/32 | 2,433,000 | ||||||||||
1,420 | Halifax Hosp Med Ctr FL Hosp Rev Impt Rfdg, Ser A | 5.250 | 06/01/26 | 1,190,656 | ||||||||||
945 | Highlands, FL Cmnty Dev Dist Spl Assmt | 5.550 | 05/01/36 | 512,209 | ||||||||||
1,075 | Hillsborough Cnty, FL Aviation Auth Rev, Ser A (AGL Insd) (AMT) (a) | 5.375 | 10/01/33 | 1,009,038 | ||||||||||
2,425 | Hillsborough Cnty, FL Aviation Auth Rev, Ser A (AGL Insd) (AMT) (a) | 5.500 | 10/01/38 | 2,287,042 | ||||||||||
800 | Hillsborough Cnty, FL Indl Dev Auth Pollutn Ctl Rev Hillsborough Cnty IDA Rfdg (AMBAC Insd) (b) | 5.000 | 12/01/34 | 805,592 | ||||||||||
900 | Hillsborough Cnty, FL Indl Dev Auth Pollutn Ctl Rev Tampa Elec, Ser B (b) | 5.150 | 09/01/25 | 899,694 | ||||||||||
3,980 |
Jacksonville, FL Port Auth (NATL Insd) (AMT) |
5.700 | 11/01/30 | 3,731,927 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Florida (Continued) | ||||||||||||||
$ | 2,780 | Jacksonville, FL Port Auth (NATL Insd) (Prerefunded @ 11/01/10) (AMT) | 5.700 | % | 11/01/30 | $ | 2,978,353 | |||||||
735 | Main Str Cmnty Dev Dist FL Cap Impt Rev, Ser A (Acquired 02/19/08, Cost $735,000) (g) | 6.800 | 05/01/38 | 467,578 | ||||||||||
475 | Main Str Cmnty Dev Dist FL Cap Impt Rev, Ser B (Acquired 02/19/08, Cost $475,000) (g) | 6.900 | 05/01/17 | 379,667 | ||||||||||
11,500 | Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt (AGC Insd) (AMT) | 5.375 | 10/01/32 | 10,863,590 | ||||||||||
670 | Midtown Miami, FL Cmnty Dev FL Spl Assmt Rev, Ser A | 6.000 | 05/01/24 | 480,913 | ||||||||||
5,000 | Ocoee, FL Wtr & Swr Sys Rev Impt & Rfdg (AMBAC Insd) | 5.125 | 10/01/33 | 4,775,300 | ||||||||||
900 | Orange Cnty, FL Hlth Fac Auth Rev First Mtg Orlando Lutheran Tower | 5.500 | 07/01/32 | 557,271 | ||||||||||
925 | Orange Cnty, FL Hlth Fac Auth Rev Hlthcare Orlando Lutheran Rfdg | 5.375 | 07/01/20 | 693,065 | ||||||||||
1,250 | Palm Beach Cnty, FL Hlth Fac Auth Rev Wtrford Proj | 5.875 | 11/15/37 | 937,800 | ||||||||||
2,900 | Palm Beach Cnty, FL Solid Waste Auth Rev Impt (BHAC Insd) | 5.500 | 10/01/23 | 3,123,967 | ||||||||||
2,100 | Port Saint Lucie, FL Spl Assmt Rev Southwest Annexation Dist, Ser 1-B (NATL Insd) | 5.000 | 07/01/33 | 1,709,715 | ||||||||||
3,500 | Putnam Cnty, FL Dev Auth Pollutn Ctl Rev Rfdg Seminole Proj, Ser A (AMBAC Insd) (b) | 5.350 | 03/15/42 | 3,540,635 | ||||||||||
490 | Reunion East Cmnty Dev Dist FL Spl Assmt | 5.800 | 05/01/36 | 251,115 | ||||||||||
500 | Seminole Tribe, FL Spl Oblig Rev, Ser A (e) | 5.250 | 10/01/27 | 346,320 | ||||||||||
1,045 | Seven Oaks, FL Cmnty Dev Dist II Spl Assmt Rev, Ser A | 5.875 | 05/01/35 | 535,364 | ||||||||||
900 | Sterling Hill Cmnty Dev Dist FL Cap Impt Rev, Ser A | 6.200 | 05/01/35 | 716,076 | ||||||||||
1,000 | Tolomato Cmnty, FL Dev Dist Spl Assmt | 6.550 | 05/01/27 | 717,450 | ||||||||||
1,550 | Tolomato Cmnty, FL Dev Dist Spl Assmt | 6.650 | 05/01/40 | 1,050,171 | ||||||||||
1,180 | Volusia Cnty, FL Ed Fac Auth Rev Ed Fac Embry Riddle Aero, Ser A | 5.750 | 10/15/29 | 1,026,576 | ||||||||||
565 | World Comm Cmnty Dev Dist FL Spl Assmt | 5.500 | 05/01/38 | 224,051 | ||||||||||
55,304,238 | ||||||||||||||
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Georgia 3.7% | ||||||||||||||
$ | 4,000 | Atlanta, GA Arpt Passenger Fac Charge Rev Gen Sub Lien, Ser C (FSA Insd) (a) | 5.000 | % | 01/01/33 | $ | 3,981,440 | |||||||
5,000 | Georgia Muni Elec Auth Pwr Rev, Ser B (FGIC Insd) (c) | 5.700 | 01/01/19 | 5,976,200 | ||||||||||
4,000 | Private Colleges & Univ Auth GA Rev Emory Univ (h) | 5.000 | 09/01/29 | 4,188,240 | ||||||||||
1,700 | Putnam Cnty, GA Dev Auth Pollutn Ctl Rev GA Pwr Co, Ser 1 | 5.100 | 06/01/23 | 1,716,184 | ||||||||||
1,000 | Richmond Cnty, GA Dev Auth ASU Jaguar Student Hsg LLC, Ser A | 5.250 | 02/01/35 | 838,080 | ||||||||||
16,700,144 | ||||||||||||||
Hawaii 2.0% | ||||||||||||||
10,430 | Hawaii St Dept Budget & Fin Spl | |||||||||||||
Purp Rev Hawaiian Elec Co Inc, Ser A (NATL Insd) (AMT) |
5.650 | 10/01/27 | 8,803,441 | |||||||||||
Idaho 0.6% | ||||||||||||||
850 | Idaho Hlth Fac Auth Rev Saint Lukes Hlth Sys Proj, Ser A | 6.500 | 11/01/23 | 911,608 | ||||||||||
1,100 | Idaho Hlth Fac Auth Rev Saint Lukes Hlth Sys Proj, Ser A | 6.750 | 11/01/37 | 1,143,758 | ||||||||||
970 | Idaho Hlth Fac Auth Rev Vly Vista Care Corp Rfdg | 6.125 | 11/15/27 | 686,023 | ||||||||||
2,741,389 | ||||||||||||||
Illinois 20.9% | ||||||||||||||
1,450 | Bartlett, IL Tax Increment Rev Rfdg Sr Lien Quarry Redev Proj | 5.600 | 01/01/23 | 1,101,594 | ||||||||||
1,710 | Bolingbrook, IL Cap Apprec Rfdg, Ser C (NATL Insd) | * | 01/01/29 | 563,291 | ||||||||||
1,365 | Bolingbrook, IL Cap Apprec, Ser B (NATL Insd) | * | 01/01/32 | 350,819 | ||||||||||
8,675 | Chicago, IL Brd of Ed Rfdg, Ser C (FSA Insd) (a) | 5.000 | 12/01/27 | 8,806,686 | ||||||||||
2,695 | Chicago, IL OHare Intl Arpt Rev Gen Arpt Third Lien, Ser A (AGC Insd) (a) | 5.250 | 01/01/24 | 2,749,466 | ||||||||||
4,505 | Chicago, IL OHare Intl Arpt Rev Gen Arpt Third Lien, Ser A (AGC Insd) | 5.250 | 01/01/24 | 4,596,046 | ||||||||||
6,350 | Chicago, IL OHare Intl Arpt Rev Gen Arpt Third Lien, Ser A (AGC Insd) (a) | 5.250 | 01/01/25 | 6,456,680 | ||||||||||
10,650 | Chicago, IL OHare Intl Arpt Rev Gen Arpt Third Lien, Ser A (AGC Insd) | 5.250 | 01/01/25 | 10,828,813 | ||||||||||
1,290 | Chicago, IL OHare Intl Arpt Rev Gen Arpt Third Lien, Ser A (AGC Insd) (a) | 5.250 | 01/01/26 | 1,303,635 | ||||||||||
4,400 | Chicago, IL OHare Intl Arpt Rev, Ser A (FSA Insd) (a) | 5.000 | 01/01/33 | 4,269,144 | ||||||||||
2,700 | Chicago, IL, Ser A (AGL Insd) | 5.250 | 01/01/25 | 2,822,175 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Illinois (Continued) | ||||||||||||||
$ | 3,345 | Cook Cnty, IL Sch Dist No. 100 Berwyn South, Ser D (FSA Insd) | 5.500 | % | 12/01/23 | $ | 3,611,898 | |||||||
1,000 | Illinois Dev Fin Auth Rev Cmnty Rehab Providers Fac, Ser A | 7.375 | 07/01/25 | 1,032,650 | ||||||||||
1,325 | Illinois Fin Auth Hosp Rev Rfdg Kish Hlth Sys Oblig Group | 5.500 | 10/01/22 | 1,318,719 | ||||||||||
1,200 | Illinois Fin Auth Rev Christian Homes Inc Rfdg, Ser A | 5.750 | 05/15/26 | 845,904 | ||||||||||
250 | Illinois Fin Auth Rev Christian Homes Inc Rfdg, Ser A | 5.750 | 05/15/31 | 164,810 | ||||||||||
1,000 | Illinois Fin Auth Rev IL Fin Auth Roosevelt Univ | 5.500 | 04/01/37 | 839,400 | ||||||||||
1,500 | Illinois Fin Auth Rev IL Inst of Technology, Ser A | 5.000 | 04/01/31 | 1,142,865 | ||||||||||
2,400 | Illinois Fin Auth Rev Northwestern Mem Hosp, Ser A | 5.375 | 08/15/24 | 2,423,424 | ||||||||||
1,700 | Illinois Fin Auth Rev Northwestern Mem Hosp, Ser A | 5.750 | 08/15/30 | 1,726,231 | ||||||||||
2,000 | Illinois Fin Auth Rev Resurrection Hlthcare, Ser A (FSA Insd) | 5.500 | 05/15/24 | 1,961,880 | ||||||||||
2,140 | Illinois Fin Auth Rev Rush Univ Med Ctr Oblig Group, Ser A | 7.250 | 11/01/38 | 2,238,568 | ||||||||||
3,000 | Illinois Fin Auth Rev Sherman Hlth Sys, Ser 2007-A | 5.500 | 08/01/37 | 2,045,040 | ||||||||||
1,335 | Illinois Fin Auth Solid Waste Rev Disp Waste Mgmt Inc Proj, Ser A (AMT) | 5.050 | 08/01/29 | 1,125,605 | ||||||||||
2,725 | Illinois Hlth Fac Auth Rev Childrens Mem Hosp (NATL Insd) | 6.250 | 08/15/13 | 2,953,110 | ||||||||||
1,485 | Illinois Hlth Fac Auth Rev Evangelical Hosp Rfdg, Ser A (FSA Insd) (c) | 6.750 | 04/15/17 | 1,811,106 | ||||||||||
825 | Illinois Hlth Fac Auth Rev Evangelical Hosp, Ser C (FSA Insd) | 6.750 | 04/15/17 | 1,006,170 | ||||||||||
3,400 | Illinois St First Ser (FSA Insd) | 5.250 | 04/01/27 | 3,486,292 | ||||||||||
2,070 | Northern IL Univ Ctf Part Hoffman Estates Ctr Proj (FSA Insd) | 5.400 | 09/01/16 | 2,296,976 | ||||||||||
100 | Peoria, Moline & Freeport, IL Coll Mtg, Ser A (GNMA Collateralized) (AMT) | 7.600 | 04/01/27 | 101,712 | ||||||||||
5,000 | Regional Trans Auth IL, Ser A (AMBAC Insd) | 8.000 | 06/01/17 | 6,573,700 | ||||||||||
9,260 | Will Cnty, IL Sch Dist No 122 New Lenox Rfdg, Ser B (NATL Insd) | 5.250 | 11/01/20 | 9,667,718 | ||||||||||
740 |
Will Cnty, IL Sch Dist No 122 New Lenox Rfdg, Ser B (NATL
Insd) (Prerefunded @ 11/01/11) |
5.250 | 11/01/20 | 810,115 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Illinois (Continued) | ||||||||||||||
$ | 575 | Will-Kankakee Regl Dev Auth IL Multi-Family Hsg Rev Sr Estates Supportive Living (AMT) | 7.000 | % | 12/01/42 | $ | 428,312 | |||||||
93,460,554 | ||||||||||||||
Indiana 3.1% | ||||||||||||||
4,600 | Indiana Hlth & Ed Fac Fin Auth Rev Ascension Hlth Sr Cr B6 (a) | 5.000 | 11/15/36 | 4,369,494 | ||||||||||
3,000 | Indiana Hlth Fac Fin Auth Hosp Rev Columbus Regl Hosp Rfdg (FSA Insd) | 7.000 | 08/15/15 | 3,426,840 | ||||||||||
1,500 | Indiana St Dev Fin Auth Rev Exempt Fac Conv Rfdg (AMT) | 5.950 | 08/01/30 | 1,285,710 | ||||||||||
2,000 |
Petersburg, IN Pollutn Ctl Rev IN Pwr & Lt (AMT) |
5.950 | 12/01/29 | 1,538,920 | ||||||||||
2,850 | Southwest Parke Cmnty Sch Bldg First Mtg (NATL Insd) | 5.250 | 07/15/21 | 3,035,136 | ||||||||||
500 | Vigo Cnty, IN Hosp Auth Rev Union Hosp Inc (e) | 5.750 | 09/01/42 | 326,965 | ||||||||||
13,983,065 | ||||||||||||||
Iowa 0.6% | ||||||||||||||
1,600 | Pottawattamie Cnty, IA Rev Christian Homes Inc Rfdg, Ser E | 5.750 | 05/15/26 | 1,127,872 | ||||||||||
375 | Sibley, IA Hlthcare Fac Rev Osceola Cmnty Hosp Proj | 6.000 | 12/01/37 | 239,602 | ||||||||||
530 | Tobacco Settlement Auth IA Tob Settlement Rev Asset Bkd, Ser C | 5.375 | 06/01/38 | 297,335 | ||||||||||
2,050 | Tobacco Settlement Auth IA Tob Settlement Rev Asset Bkd, Ser C | 5.500 | 06/01/42 | 1,150,809 | ||||||||||
2,815,618 | ||||||||||||||
Kansas 1.3% | ||||||||||||||
1,500 | Burlington, KS Environmental Impt Rev KC Rfdg Pwr LT, Ser B (Syncora Gtd) (b) | 5.000 | 12/01/23 | 1,518,135 | ||||||||||
3,615 | Kansas St Dev Fin Auth Rev KS Proj, Ser N (AMBAC Insd) | 5.250 | 10/01/21 | 3,733,427 | ||||||||||
800 | Olathe, KS Sr Living Fac Rev Catholic Care Campus Inc, Ser A | 6.000 | 11/15/38 | 530,624 | ||||||||||
5,782,186 | ||||||||||||||
Kentucky 2.0% | ||||||||||||||
1,700 | Kentucky Econ Dev Fin Auth Louisville Arena Proj Rev Louisville Arena Sub, Ser A-1 (AGL Insd) | 5.750 | 12/01/28 | 1,760,707 | ||||||||||
1,810 | Kentucky St Ppty & Bldg Commn Rev Rfdg Proj No 93 (AGL Insd) | 5.250 | 02/01/24 | 1,927,560 | ||||||||||
2,035 | Kentucky St Ppty & Bldg Commn Rev Rfdg Proj No 93 (AGL Insd) | 5.250 | 02/01/25 | 2,150,812 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Kentucky (Continued) | ||||||||||||||
$ | 3,180 | Louisville & Jefferson Cnty, KY Metro Govt Hlth Sys Rev Norton Hlthcare Inc | 5.250 | % | 10/01/36 | $ | 2,577,517 | |||||||
500 | Mount Sterling, KY Lease Rev KY League Cities Fdg, Ser B | 6.100 | 03/01/18 | 497,525 | ||||||||||
8,914,121 | ||||||||||||||
Louisiana 6.2% | ||||||||||||||
5,000 | Lafayette, LA Util Rev (NATL Insd) | 5.250 | 11/01/21 | 5,256,300 | ||||||||||
2,495 | Louisiana Loc Govt Environment Fac Pkg Fac Corp Garage Proj, Ser A (AMBAC Insd) | 5.375 | 10/01/31 | 2,477,211 | ||||||||||
5,970 | Louisiana Loc Govt Environment Southeastn LA Student Hsg, Ser A (NATL Insd) | 5.250 | 08/01/24 | 5,723,379 | ||||||||||
2,250 | Louisiana St Citizens Ppty Ins Corp Assmt Rev, Ser C-2 (AGL Insd) | 6.750 | 06/01/26 | 2,419,717 | ||||||||||
4,000 | New Orleans, LA Rfdg (FGIC Insd) | 5.500 | 12/01/21 | 4,082,920 | ||||||||||
6,000 | New Orleans, LA Rfdg (NATL Insd) | 5.125 | 09/01/21 | 5,939,040 | ||||||||||
2,100 | Rapides Fin Auth LA Rev Cleco Pwr Proj (AMT) (b) | 5.250 | 11/01/37 | 2,027,088 | ||||||||||
27,925,655 | ||||||||||||||
Maryland 2.7% | ||||||||||||||
5,000 | Maryland St Econ Dev Corp MD Aviation Admin Fac (FSA Insd) (AMT) | 5.375 | 06/01/20 | 5,050,650 | ||||||||||
2,000 | Maryland St Hlth & Higher Ed Fac Auth Rev MD Inst College of Art | 5.000 | 06/01/40 | 1,485,800 | ||||||||||
2,350 | Maryland St Hlth & Higher Ed Fac Auth Rev Mercy Med Ctr, Ser A | 5.500 | 07/01/42 | 1,912,877 | ||||||||||
4,000 | Maryland St Trans Auth Arpt Baltimore/WA Intl Arpt, Ser B (AMBAC Insd) (AMT) | 5.125 | 03/01/24 | 3,737,240 | ||||||||||
12,186,567 | ||||||||||||||
Massachusetts 4.2% | ||||||||||||||
1,200 | Massachusetts Bay Tran Auth MA Gen Tran Sys Rfdg, Ser A | 6.250 | 03/01/12 | 1,352,904 | ||||||||||
2,000 | Massachusetts Muni Whsl Elec Co Pwr Supply Sys Rev Proj No. 6-A, Ser A (NATL Insd) | 5.250 | 07/01/16 | 2,063,400 | ||||||||||
450 | Massachusetts St Dev Fin Agy Rev Linden Ponds Inc Fac, Ser A | 5.750 | 11/15/35 | 260,244 | ||||||||||
370 |
Massachusetts St Hlth & Ed Fac Auth Rev Hlthcare Sys
Covenant (Prerefunded @ 1/01/12) |
6.000 | 07/01/31 | 419,099 | ||||||||||
1,380 |
Massachusetts St Hlth & Ed Fac Auth Rev Hlthcare Sys
Covenant (Prerefunded @ 1/01/12) |
6.000 | 07/01/31 | 1,348,467 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Massachusetts (Continued) | ||||||||||||||
$ | 1,855 | Massachusetts St Hlth & Ed Fac Auth Rev Saint Mem Med Ctr, Ser A | 6.000 | % | 10/01/23 | $ | 1,269,247 | |||||||
2,950 | Massachusetts St Hlth & Ed Fac Auth Rev Univ MA Mem Issue, Ser D | 5.000 | 07/01/33 | 2,158,161 | ||||||||||
2,500 | Massachusetts St Hsg Fin Agy Hsg Rev Single Family, Ser 130 (AMT) | 5.000 | 12/01/37 | 2,251,200 | ||||||||||
925 | Massachusetts St Indl Fin Agy Wtr Treatment Amern Hingham (AMT) | 6.900 | 12/01/29 | 801,633 | ||||||||||
925 | Massachusetts St Indl Fin Agy Wtr Treatment Amern Hingham (AMT) | 6.950 | 12/01/35 | 782,633 | ||||||||||
6,590 | Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev, Ser A (AMBAC Insd) (a) | 4.500 | 08/15/35 | 6,296,086 | ||||||||||
19,003,074 | ||||||||||||||
Michigan 3.7% | ||||||||||||||
2,790 | Detroit, MI Wtr Supply Sys Rev Sr Lien Rfdg, Ser C (NATL Insd) | 5.250 | 07/01/19 | 2,800,128 | ||||||||||
2,000 | Grand Rapids, MI Wtr Supply (NATL Insd) | 5.750 | 01/01/15 | 2,123,840 | ||||||||||
3,325 | Kent Hosp Fin Auth MI Rev Metro Hosp Proj, Ser A | 6.000 | 07/01/35 | 2,397,192 | ||||||||||
1,000 | Kent Hosp Fin Auth MI Rev Spectrum Hlth, Ser A (b) | 5.250 | 01/15/47 | 1,023,760 | ||||||||||
500 | Kent Hosp Fin Auth MI Rev Spectrum Hlth, Ser A (b) | 5.500 | 01/15/47 | 516,500 | ||||||||||
3,000 | Michigan Tob Settlement Fin Auth Tob Settlement Asset Sr, Ser A | 6.000 | 06/01/48 | 1,761,480 | ||||||||||
2,285 | Taylor, MI Bldg Auth (AMBAC Insd) | 6.000 | 03/01/13 | 2,562,285 | ||||||||||
3,090 | Troy, MI Downtown Dev Auth Dev Rfdg (NATL Insd) | 5.500 | 11/01/15 | 3,338,559 | ||||||||||
16,523,744 | ||||||||||||||
Minnesota 1.3% | ||||||||||||||
475 | Chisago, MN Hlthcare Fac Rev Cdl Homes LLC Proj | 6.000 | 08/01/42 | 323,095 | ||||||||||
1,000 | Meeker Cnty, MN Gross Rev Hosp Fac Mem Hosp Proj | 5.625 | 11/01/22 | 824,380 | ||||||||||
2,050 | Minneapolis, MN Hlthcare Sys Rev Fairview Hlth Svc, Ser A | 6.375 | 11/15/23 | 2,183,291 | ||||||||||
1,350 | Minneapolis, MN Hlthcare Sys Rev Fairview Hlth Svc, Ser A | 6.625 | 11/15/28 | 1,420,591 | ||||||||||
225 | North Oaks, MN Sr Hsg Rev Presbyterian Homes North Oaks | 6.000 | 10/01/27 | 180,801 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Minnesota (Continued) | ||||||||||||||
$ | 900 | Saint Paul, MN Hsg & Redev Auth Hlthcare Fac Rev Hlth Partners Oblig Grp Proj | 5.250 | % | 05/15/36 | $ | 702,783 | |||||||
5,634,941 | ||||||||||||||
Mississippi 0.7% | ||||||||||||||
1,405 | Mississippi Dev Bk Spl Oblig Cap Proj & Equip Acquisition, Ser A2 (AMBAC Insd) | 5.000 | 07/01/24 | 1,196,259 | ||||||||||
1,845 | Mississippi Dev Bk Spl Oblig MS Ltd Oblig Hosp Impt (NATL Insd) | 5.250 | 07/01/32 | 1,848,284 | ||||||||||
3,044,543 | ||||||||||||||
Missouri 4.4% | ||||||||||||||
325 | Cape Girardeau Cnty, MO Indl Dev Auth Hlthcare Fac Rev Southeast MO Hosp Assoc | 5.625 | 06/01/27 | 284,352 | ||||||||||
1,700 | Cass Cnty, MO Hosp Rev | 5.625 | 05/01/38 | 1,262,182 | ||||||||||
1,250 | Cole Cnty, MO Indl Dev Auth Sr Living Fac Rev Lutheran Sr Svc Heisinger Proj | 5.500 | 02/01/35 | 934,825 | ||||||||||
930 | Maryland Heights, MO Tax Increment Rev South Heights Redev Proj Rfdg, Ser A | 5.500 | 09/01/18 | 794,034 | ||||||||||
4,625 | Missouri Jt Mun Elec Util Comnty Pwr Proj Rev Plum Point Proj (NATL Insd) | 5.000 | 01/01/27 | 3,919,225 | ||||||||||
1,000 | Missouri Jt Muni Elec Util Comnty Pwr Proj Rev Plum Point Proj (NATL Insd) | 5.000 | 01/01/26 | 860,460 | ||||||||||
2,500 | Missouri St Dev Fin Brd Infrastructure Fac Rev Crackerneck Creek Proj, Ser C | 5.000 | 03/01/26 | 2,361,075 | ||||||||||
2,195 | Missouri St Hlth & Ed Fac Rev Univ MO Columbia Arena Proj | 5.000 | 11/01/16 | 2,359,428 | ||||||||||
1,500 | Saint Louis Cnty, MO Mtg Rev Ctf Rcpt, Ser H (AMT) (c) | 5.400 | 07/01/18 | 1,753,230 | ||||||||||
700 | Saint Louis, MO Indl Dev Auth Tax Increment & Cmnty Impt Dist Loughborough Com Redev Rfdg | 5.750 | 11/01/27 | 522,326 | ||||||||||
2,600 |
Springfield, MO Pub Bldg Corp Leasehold Rev Springfield Branson
Arpt, Ser B (AMBAC Insd) (AMT) |
4.550 | 07/01/29 | 2,163,772 | ||||||||||
2,925 |
Springfield, MO Pub Bldg Corp Leasehold Rev Springfield Branson
Arpt, Ser B (AMBAC Insd) (AMT) |
4.600 | 07/01/36 | 2,311,686 | ||||||||||
19,526,595 | ||||||||||||||
Nebraska 1.2% | ||||||||||||||
5,235 | Omaha Pub Pwr Dist NE Elec Rev Sys, Ser A (a) | 5.000 | 02/01/34 | 5,256,568 | ||||||||||
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Nevada 3.5% | ||||||||||||||
$ | 2,000 | Clark Cnty, NV Econ Dev Rev Alexander Dawson Sch Proj | 5.375 | % | 05/15/33 | $ | 1,870,820 | |||||||
7,000 | Clark Cnty, NV Indl Dev Rev Southwest Gas Corp Proj, Ser A (AMBAC Insd) (AMT) | 5.250 | 07/01/34 | 5,150,460 | ||||||||||
4,375 | Las Vegas Vly, NV Wtr Dist Rfdg, Ser B (NATL Insd) | 5.000 | 06/01/27 | 4,383,356 | ||||||||||
2,945 | Nevada Hsg Div Single Family Mtg Rev, Ser A (GNMA Collateralized) (AMT) | 5.875 | 04/01/38 | 2,999,012 | ||||||||||
1,750 | Reno, NV Hosp Rev Renown Regl Med Ctr Proj, Ser A | 5.250 | 06/01/37 | 1,373,960 | ||||||||||
15,777,608 | ||||||||||||||
New Hampshire 1.0% | ||||||||||||||
1,000 | New Hampshire Hlth & Ed Fac Auth Rev Derryfield Sch (Prerefunded @ 7/01/10) | 7.000 | 07/01/30 | 1,086,790 | ||||||||||
1,400 | New Hampshire Hlth & Ed Fac Hlthcare Sys Covenant Hlth | 5.500 | 07/01/34 | 1,207,458 | ||||||||||
570 | New Hampshire St Business Fin Auth Pollutn Ctl Rev Rfdg the Utd Illum, Ser A (AMT) (b) | 6.875 | 12/01/29 | 601,031 | ||||||||||
800 | New Hampshire St Business Fin Auth Pollutn Ctl Rev Utd Illum Co Proj (AMT) (b) | 7.125 | 07/01/27 | 804,920 | ||||||||||
900 |
New Hampshire St Business Fin Auth Wtr Fac Rev Pennichuck Wtrwks
Inc (AMBAC Insd) (AMT) |
6.300 | 05/01/22 | 900,477 | ||||||||||
4,600,676 | ||||||||||||||
New Jersey 9.5% | ||||||||||||||
1,000 | New Jersey Econ Dev Auth Rev Cig Tax | 5.500 | 06/15/31 | 702,910 | ||||||||||
1,900 | New Jersey Econ Dev Auth Rev Cig Tax | 5.750 | 06/15/29 | 1,408,945 | ||||||||||
675 | New Jersey Econ Dev Auth Rev Cig Tax | 5.750 | 06/15/34 | 482,443 | ||||||||||
6,625 | New Jersey Econ Dev Auth Rev Mtr Veh Rev, Ser A (BHAC Insd) (a) | 5.250 | 07/01/26 | 7,315,192 | ||||||||||
2,500 | New Jersey Hlthcare Fac Fin Auth Rev Gen Hosp Ctr at Passaic (FSA Insd) (c) | 6.750 | 07/01/19 | 3,155,500 | ||||||||||
1,650 | New Jersey Hlthcare Fac Fin Auth Rev Saint Peters Univ Hosp Oblig | 5.750 | 07/01/37 | 1,295,712 | ||||||||||
4,000 | New Jersey St Hsg & Mtg Fin Agy Rev Single Family Hsg, Ser X (AMT) | 5.100 | 10/01/23 | 4,005,800 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
New Jersey (Continued) | ||||||||||||||
$ | 10,750 |
Salem Cnty, NJ Indl Pollutn Ctl Fin Auth Rev Pollutn Ctl Pub Svc
Elec & Gas, Ser A (NATL Insd) (AMT) |
5.450 | % | 02/01/32 | $ | 9,945,040 | |||||||
26,500 | Tobacco Settlement Fin Corp NJ, Ser 1A | 5.000 | 06/01/41 | 14,031,220 | ||||||||||
42,342,762 | ||||||||||||||
New Mexico 0.7% | ||||||||||||||
1,500 | Jicarilla, NM Apache Nation Rev Adj, Ser A (Acquired 10/23/03, Cost $1,514,910) (g) | 5.000 | 09/01/18 | 1,548,060 | ||||||||||
1,500 | New Mexico St Hosp Equip Ln Council Hosp Rev Presbyterian Hlthcare Svc, Ser A | 6.375 | 08/01/32 | 1,588,455 | ||||||||||
3,136,515 | ||||||||||||||
New York 7.6% | ||||||||||||||
7,000 | Metropolitan Trans Auth NY Rev Rfdg, Ser A (NATL Insd) | 5.250 | 11/15/31 | 7,008,750 | ||||||||||
2,000 | Metropolitan Transn Auth NY Dedicated Tax Fd, Ser B | 5.250 | 11/15/29 | 2,033,980 | ||||||||||
2,405 | New York City Indl Dev Agy Rev Liberty 7 World Trade Ctr Proj, Ser B | 6.750 | 03/01/15 | 2,087,684 | ||||||||||
5,000 | New York City Muni Wtr Fin Auth Wtr & Swr Sys Rev, Ser D (a) | 5.000 | 06/15/38 | 5,015,400 | ||||||||||
5,440 | New York City, Ser I-1 (a) | 5.000 | 02/01/26 | 5,489,504 | ||||||||||
1,520 | New York St Dorm Auth Rev Insd John T Mather Mem Hosp (Connie Lee Insd) | 6.500 | 07/01/09 | 1,527,752 | ||||||||||
3,845 | New York St Dorm Auth Rev Secd Hosp Gen Hosp Rfdg | 5.750 | 02/15/20 | 4,007,797 | ||||||||||
1,000 |
New York St Mtg Agy Homeowner Mtg Rev 145 (AMT) |
5.125 | 10/01/37 | 924,780 | ||||||||||
5,000 | New York St Urban Dev Corp Rev St Fac Rfdg | 5.700 | 04/01/20 | 5,709,700 | ||||||||||
675 | Seneca Nation Indians Cap Impt Auth NY Spl Oblig, Ser A (e) | 5.000 | 12/01/23 | 433,924 | ||||||||||
34,239,271 | ||||||||||||||
North Carolina 0.5% | ||||||||||||||
1,500 | North Carolina Eastn Muni Pwr Agy Pwr Sys Rev, Ser D | 6.700 | 01/01/19 | 1,529,865 | ||||||||||
1,000 | North Carolina Med Care Commn Retirement Fac Rev First Mtg Southminster Proj, Ser A | 5.750 | 10/01/37 | 740,610 | ||||||||||
2,270,475 | ||||||||||||||
Ohio 8.0% | ||||||||||||||
2,850 | Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo, Ser A-2 | 5.750 | 06/01/34 | 1,804,364 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Ohio (Continued) | ||||||||||||||
$ | 1,900 | Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo, Ser A2 | 6.500 | % | 06/01/47 | $ | 1,178,114 | |||||||
3,150 | Cuyahoga Cnty, OH Hosp Fac Rev Canton Inc Proj | 7.500 | 01/01/30 | 3,123,414 | ||||||||||
1,000 | Dayton, OH Arpt Rev James M Cox Dayton Rfdg, Ser C (Radian Insd) (AMT) | 5.250 | 12/01/27 | 810,620 | ||||||||||
3,600 | Lorain Cnty, OH Hosp Rev Catholic Rfdg, Ser C-1 (FSA Insd) (a) | 5.000 | 04/01/24 | 3,705,336 | ||||||||||
3,325 | Lorain Cnty, OH Hosp Rev Fac Catholic, Ser A (FSA Insd) (a) | 5.000 | 02/01/24 | 3,422,290 | ||||||||||
3,350 | Lorain Cnty, OH Hosp Rev Fac Catholic, Ser B (FSA Insd) (a) | 5.000 | 02/01/24 | 3,448,021 | ||||||||||
1,625 | Montgomery Cnty, OH Rev Catholic Hlth, Ser C-1 (FSA Insd) (a) | 5.000 | 10/01/41 | 1,493,505 | ||||||||||
1,740 | Montgomery Cnty, OH Rev Miami Valley Hosp, Ser A | 6.000 | 11/15/28 | 1,768,571 | ||||||||||
1,100 | Montgomery Cnty, OH Rev Miami Valley Hosp, Ser A | 6.250 | 11/15/39 | 1,117,941 | ||||||||||
3,515 | Muskingum Cnty, OH Hosp Fac Rev Bethesda Care Sys Impt & Rfdg (Connie Lee Insd) | 6.250 | 12/01/10 | 3,519,851 | ||||||||||
5,000 | Ohio St Air Quality Dev Auth Rev Dayton Pwr (FGIC Insd) (AMT) (a) | 4.800 | 09/01/36 | 4,372,600 | ||||||||||
2,250 | Ohio St Higher Ed Fac Commn Rev Univ Hosp Hlth Sys, Ser 2009A | 6.750 | 01/15/39 | 2,281,522 | ||||||||||
2,760 | Ohio St Hsg Fin Agy Residential Mtg Rev Mtg Bkd Sec Pgm, Ser F (GNMA Collateralized) (a) | 5.500 | 09/01/39 | 2,778,989 | ||||||||||
750 | Toledo Lucas Cnty, OH Port Auth Dev Rev Northwest OH Bd Fd, Ser C (AMT) | 6.600 | 11/15/15 | 688,882 | ||||||||||
300 | Toledo Lucas Cnty, OH Port Auth Northwest Bd Fd, Ser A (AMT) (c) | 6.000 | 05/15/11 | 298,713 | ||||||||||
35,812,733 | ||||||||||||||
Oklahoma 1.3% | ||||||||||||||
1,650 | Chickasaw Nation, OK Hlth Sys (e) | 6.250 | 12/01/32 | 1,350,888 | ||||||||||
1,500 | Jenks, OK Aquarium Auth Rev First Mtg (NATL Insd) (Prerefunded @ 7/01/10) | 6.100 | 07/01/30 | 1,611,525 | ||||||||||
2,755 | Tulsa Cnty, OK Pub Fac Auth Cap Impt Rev (AMBAC Insd) (Prerefunded @ 11/01/09) | 6.250 | 11/01/22 | 2,890,629 | ||||||||||
5,853,042 | ||||||||||||||
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Oregon 1.0% | ||||||||||||||
$ | 2,010 | Emerald Peoples Util Dist OR Rfdg (NATL Insd) | 7.350 | % | 11/01/09 | $ | 2,066,099 | |||||||
2,500 | Oregon St Dept Admin Rfdg, Ser C (NATL Insd) | 5.250 | 11/01/18 | 2,605,425 | ||||||||||
4,671,524 | ||||||||||||||
Pennsylvania 0.6% | ||||||||||||||
3,000 | Allegheny Cnty, PA Hosp Dev Auth Rev Hlth Sys West PA, Ser A | 5.000 | 11/15/28 | 1,651,380 | ||||||||||
1,125 | Pennsylvania Econ Dev Fin Auth Exempt Fac Rev Reliant Energy, Ser B (AMT) | 6.750 | 12/01/36 | 1,044,236 | ||||||||||
2,695,616 | ||||||||||||||
South Carolina 6.9% | ||||||||||||||
3,125 | Charleston Ed Excellence Fin Corp SC Rev Charleston Cnty Sch Dist | 5.250 | 12/01/25 | 3,189,687 | ||||||||||
9,375 | Charleston Ed Excellence Fin Corp SC Rev Charleston Cnty Sch Dist | 5.250 | 12/01/26 | 9,520,500 | ||||||||||
3,115 | Greenville, SC Impt & Rfdg (NATL Insd) | 5.250 | 04/01/21 | 3,164,404 | ||||||||||
1,100 | South Carolina Jobs Econ Dev Auth Hlth Fac Rev First Mtg Wesley Com Rfdg | 5.300 | 10/01/36 | 630,333 | ||||||||||
460 | South Carolina Jobs Econ Dev Auth Hlthcare Fac Rev First Mtg Lutheran Homes Rfdg | 5.500 | 05/01/28 | 305,900 | ||||||||||
400 | South Carolina Jobs Econ Dev Auth Hlthcare Fac Rev First Mtg Lutheran Homes Rfdg | 5.625 | 05/01/42 | 237,580 | ||||||||||
2,200 | South Carolina Jobs Econ Dev Auth Hosp Fac Rev Palmetto Hlth Alliance Rfdg, Ser A | 6.250 | 08/01/31 | 1,936,506 | ||||||||||
1,000 |
South Carolina Jobs Econ Dev Auth Hosp Rev Rfdg & Impt
Anmed Hlth, Ser B (AGL Insd) (h) |
5.500 | 02/01/38 | 977,320 | ||||||||||
6,500 | South Carolina Jobs Econ Dev Auth Indl Rev Elec & Gas Co Proj, Ser A (AMBAC Insd) | 5.200 | 11/01/27 | 6,539,195 | ||||||||||
3,750 |
South Carolina Jobs Econ Dev Auth Indl Rev Elec & Gas
Co Proj, Ser B (AMBAC Insd) (AMT) |
5.450 | 11/01/32 | 3,378,750 | ||||||||||
750 | South Carolina Jobs Econ Dev Auth Rev Woodlands At Furman Proj, Ser A | 6.000 | 11/15/42 | 436,148 | ||||||||||
385 | Tobacco Settlement Rev Mgmt Auth SC Tob Settlement Rev Rfdg | 5.000 | 06/01/18 | 380,723 | ||||||||||
30,697,046 | ||||||||||||||
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
South Dakota 0.5% | ||||||||||||||
$ | 1,375 | Deadwood, SD Ctf Partn (ACA Insd) | 6.375 | % | 11/01/20 | $ | 1,407,890 | |||||||
1,000 |
South Dakota St Hlth & Ed Fac Auth Rev Childrens
Care Hosp Rfdg (Prerefunded @ 11/01/09) |
6.125 | 11/01/29 | 1,038,260 | ||||||||||
2,446,150 | ||||||||||||||
Tennessee 4.8% | ||||||||||||||
2,130 | Chattanooga, TN Hlth Ed & Hsg Fac Brd Rev CDFI Phase I LLC Proj Rfdg, Ser A | 5.000 | 10/01/25 | 1,538,307 | ||||||||||
2,595 | Chattanooga, TN Hlth Ed & Hsg Fac Brd Rev CDFI Phase I LLC Proj Rfdg, Ser A | 5.125 | 10/01/35 | 1,705,045 | ||||||||||
1,270 | Elizabethton, TN Hlth & Ed Fac Brd Rev Hosp First Mtg Impt & Rfdg, Ser B (Prerefunded @ 7/01/12) | 8.000 | 07/01/33 | 1,479,830 | ||||||||||
12,525 | Johnson City, TN Hlth & Ed Fac Brd Hosp Rev Cap Apprec First Mtg Rfdg, Ser A (NATL Insd) | * | 07/01/26 | 3,914,438 | ||||||||||
4,800 | Johnson City, TN Hlth & Ed Fac Brd Hosp Rev First Mtg Mtn St Hlth Rfdg, Ser A (NATL Insd) (Prerefunded @ 7/01/12) | 7.500 | 07/01/25 | 5,466,288 | ||||||||||
5,625 | Johnson City, TN Hlth & Ed Fac Brd Hosp Rev First Mtg Mtn St Hlth, Ser A | 5.500 | 07/01/36 | 4,413,206 | ||||||||||
3,100 | Shelby Cnty, TN Hlth Ed & Hsg Fac Brd Rev Methodist, Ser B (FSA Insd) (a) | 5.250 | 09/01/27 | 3,125,947 | ||||||||||
21,643,061 | ||||||||||||||
Texas 25.0% | ||||||||||||||
1,750 | Alliance Arpt Auth Inc TX Spl Fac Rev FedEx Corp Proj Rfdg (AMT) | 4.850 | 04/01/21 | 1,422,715 | ||||||||||
2,000 | Brazos Cnty, TX Hlth Fac Dev Oblig Grp | 5.375 | 01/01/32 | 1,642,880 | ||||||||||
330 | Brownsville, TX Util Sys Rev (c) | 7.375 | 01/01/10 | 342,913 | ||||||||||
830 | Dallas Cnty, TX Flood Ctl Dist Rfdg | 6.750 | 04/01/16 | 841,587 | ||||||||||
1,400 | Dallas, TX Civic Ctr Rfdg & Impt (AGL Insd) | 5.000 | 08/15/18 | 1,542,156 | ||||||||||
1,600 | Dallas, TX Civic Ctr Rfdg & Impt (AGL Insd) | 5.000 | 08/15/19 | 1,747,072 | ||||||||||
8,000 | Dallas-Fort Worth, TX Intl Arpt Rev Impt & Rfdg, Ser A (BHAC Insd) (AMT) | 5.500 | 11/01/31 | 7,547,200 | ||||||||||
775 | Dallas-Fort Worth, TX Intl Arpt Rev Jt, Ser C (NATL Insd) (AMT) | 5.750 | 11/01/18 | 776,945 | ||||||||||
1,500 | Dallas-Fort Worth, TX Intl Arpt Rev Jt, Ser C (NATL Insd) (AMT) | 6.000 | 11/01/23 | 1,503,000 | ||||||||||
5,850 | El Paso Cnty, TX Hosp Dist, Ser A (AGL Insd) (a) | 5.000 | 08/15/37 | 5,728,262 | ||||||||||
1,000 |
Harris Cnty, TX Hlth Fac Dev Corp Hosp Rev Mem Hermann Hlthcare,
Ser A (Prerefunded @ 6/01/11) |
6.375 | 06/01/29 | 1,115,840 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Texas (Continued) | ||||||||||||||
$ | 925 | Harris Cnty, TX Hlth Fac Dev Corp Hosp Rev Rfdg Mem Hermann Hlthcare Sys, Ser B | 7.250 | % | 12/01/35 | $ | 984,709 | |||||||
5,000 | Harris Cnty, TX Hlth Fac Dev Corp Rev ARS Christus Hlth, Ser A-4 (FSA Insd) (b) (f) | 2.250 | 07/01/31 | 5,000,000 | ||||||||||
4,350 | Harris Cnty, TX Sr Lien Toll Rd, Ser A (h) | 5.000 | 08/15/25 | 4,561,671 | ||||||||||
3,000 | Houston, TX Arpt Sys Rev Sub Lien, Ser A (FSA Insd) (AMT) | 5.625 | 07/01/30 | 2,893,710 | ||||||||||
9,425 | Houston, TX Util Sys Rev Comb First Lien Rfdg, Ser A (FSA Insd) (a) | 5.000 | 11/15/36 | 9,463,831 | ||||||||||
5,000 | Houston, TX Util Sys Rev Comb First Lien, Ser A (FSA Insd) | 5.250 | 05/15/20 | 5,268,700 | ||||||||||
3,700 | Judson, TX Indpt Sch Dist Sch Bldg (AGL Insd) (a) | 5.000 | 02/01/37 | 3,711,544 | ||||||||||
5,000 | Matagorda Cnty, TX Navig Dist No. 1 Rev Houston Lt Rfdg (AMBAC Insd) (AMT) | 5.125 | 11/01/28 | 3,941,500 | ||||||||||
1,350 | MC Lennan Cnty, TX Pub Fac Corp Proj Rev | 6.625 | 06/01/35 | 1,444,770 | ||||||||||
2,000 |
Mesquite, TX Hlth Fac Dev Corp Retirement Fac Christian Care
Ctr, Ser A (Prerefunded @ 2/15/10) |
7.625 | 02/15/28 | 2,128,600 | ||||||||||
1,410 | Mesquite, TX Hlth Fac Dev Retirement Fac Christian Care Ctr | 5.625 | 02/15/35 | 946,378 | ||||||||||
3,500 | Metropolitan Hlth Fac Dev Corp TX Wilson N Jones Mem Hosp Proj | 7.250 | 01/01/31 | 2,772,035 | ||||||||||
1,000 | Mission, TX Econ Dev Corp Solid Waste Disp Rev Waste Mgmt Inc Proj (AMT) (b) | 6.000 | 08/01/20 | 978,840 | ||||||||||
3,325 | North Central, TX Hlth Fac Dev Corp Rev Hosp Baylor Hlthcare Sys Proj, Ser A | 5.125 | 05/15/29 | 3,163,006 | ||||||||||
1,000 | North TX Twy Auth Rev Rfdg Sys First Tier, Ser B | 5.625 | 01/01/28 | 1,010,500 | ||||||||||
1,000 | North TX Twy Auth Rev Rfdg Sys First Tier, Ser B | 6.000 | 01/01/26 | 1,046,650 | ||||||||||
1,250 | North TX Twy Auth Rev Rfdg Sys First Tier, Ser B | 6.000 | 01/01/27 | 1,302,150 | ||||||||||
1,750 | North TX Twy Auth Rev Rfdg Sys First Tier, Ser L-2 (b) | 6.000 | 01/01/38 | 1,814,978 | ||||||||||
3,200 | North TX Twy Auth Rev Toll Second Tier Rfdg, Ser F | 5.750 | 01/01/33 | 3,056,512 | ||||||||||
3,960 | Stafford, TX Econ Dev Corp (NATL Insd) | 5.500 | 09/01/30 | 3,961,782 | ||||||||||
1,990 | Stafford, TX Econ Dev Corp (NATL Insd) | 6.000 | 09/01/19 | 2,253,854 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Texas (Continued) | ||||||||||||||
$ | 1,000 | Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac Buckingham Sr Living Cmnty Inc | 5.625 | % | 11/15/27 | $ | 709,970 | |||||||
2,800 | Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac Buckingham Sr Living Cmnty Inc | 5.750 | 11/15/37 | 1,843,380 | ||||||||||
8,500 | Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac Buckner Retirement Svcs Inc Proj | 5.250 | 11/15/37 | 6,638,415 | ||||||||||
500 | Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac CC Young Mem Hom Proj | 5.750 | 02/15/25 | 354,805 | ||||||||||
3,600 | Tarrant Cnty, TX Cultural Ed Fac Fin Corp Rev Christus Hlth Rfdg, Ser A (AGL Insd) | 6.250 | 07/01/28 | 3,875,580 | ||||||||||
6,450 | Texas St Trans Commn Mobility Fd (a) | 5.000 | 04/01/28 | 6,727,930 | ||||||||||
3,510 | Texas St Wtr Fin Assistance | 5.500 | 08/01/35 | 3,517,160 | ||||||||||
3,100 | Tyler, TX Hlth Fac Dev Corp Hosp Rev Rfdg & Impt East TX Med Ctr Rfdg, Ser A | 5.375 | 11/01/37 | 2,150,222 | ||||||||||
111,733,752 | ||||||||||||||
Utah 1.0% | ||||||||||||||
4,950 | Intermountain Pwr Agy UT Pwr Supply Rev Rfdg, Ser A (FGIC Insd) (c) | * | 07/01/17 | 3,687,156 | ||||||||||
875 | Utah St Charter Sch Fin Auth Charter Sch Rev Summit Academy, Ser A | 5.800 | 06/15/38 | 607,311 | ||||||||||
4,294,467 | ||||||||||||||
Virginia 1.2% | ||||||||||||||
550 | Lexington, VA Indl Dev Auth Residential Care Fac Rev Mtg Kendal at Lexington, Ser A | 5.500 | 01/01/37 | 342,435 | ||||||||||
1,465 | Richmond, VA Indl Dev Auth Govt Fac Rev Bd (AMBAC Insd) | 5.000 | 07/15/17 | 1,577,820 | ||||||||||
1,520 | Tobacco Settlement Fin Corp VA | 5.500 | 06/01/26 | 1,704,574 | ||||||||||
2,000 | White Oak Vlg Shops VA Cmnty Dev Auth Spl Assmt Rev | 5.300 | 03/01/17 | 1,663,660 | ||||||||||
5,288,489 | ||||||||||||||
Washington 1.2% | ||||||||||||||
1,500 | Kalispel Tribe Indians Priority Dist WA Rev | 6.625 | 01/01/28 | 1,115,835 | ||||||||||
3,000 | Spokane, WA Pub Fac Dist Hotel Motel & Sales Use Tax (NATL Insd) | 5.250 | 09/01/33 | 3,003,480 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Washington (Continued) | ||||||||||||||
$ | 1,720 | Washington St Hsg Fin Commn Nonprofit Rev Custodial Rcpt Wesley Homes, Ser 2007A-2027 (Acquired 05/07/08, Cost $1,720,000) (g) | 6.000 | % | 01/01/27 | $ | 1,300,096 | |||||||
5,419,411 | ||||||||||||||
West Virginia 0.9% | ||||||||||||||
2,500 | Harrison Cnty, WV Cnty Cmnty Solid Waste Disp Rev Allegheny Energy Rfdg, Ser D (AMT) | 5.500 | 10/15/37 | 2,019,025 | ||||||||||
1,100 | West Virginia St Hosp Fin Auth Hosp Rev Thomas Hlth Sys | 6.000 | 10/01/20 | 971,355 | ||||||||||
1,270 | West Virginia St Hosp Fin Auth Hosp Rev Thomas Hlth Sys | 6.250 | 10/01/23 | 1,087,056 | ||||||||||
4,077,436 | ||||||||||||||
Wisconsin 3.1% | ||||||||||||||
500 | Superior, WI Collateralized Util Rev Rfdg Superior Wtr Lt & Pwr Proj, Ser A (AMT) | 5.375 | 11/01/21 | 448,405 | ||||||||||
460 | Superior, WI Collateralized Util Rev Superior Wtr Lt & Pwr Proj, Ser B (AMT) | 5.750 | 11/01/37 | 385,480 | ||||||||||
3,100 | Wisconsin Hsg & Econ Dev Auth Home Ownership Rev, Ser A (AMT) (a) | 5.300 | 09/01/23 | 3,139,370 | ||||||||||
3,600 | Wisconsin Hsg & Econ Dev Auth Home Ownership Rev, Ser A (AMT) (a) | 5.500 | 09/01/28 | 3,578,544 | ||||||||||
1,125 | Wisconsin St Gen Rev Appropriation Rev, Ser A | 5.375 | 05/01/25 | 1,159,673 | ||||||||||
1,265 | Wisconsin St Hlth & Ed Fac Auth Rev Ministry Hlth (FSA Insd) | 5.000 | 08/01/34 | 1,162,952 | ||||||||||
1,340 | Wisconsin St Hlth & Ed Fac Auth Rev Prohealth Care Inc Oblig Group | 6.625 | 02/15/39 | 1,347,973 | ||||||||||
2,675 | Wisconsin St Hlth & Ed Fac FH Hlthcare Dev Inc Proj (Prerefunded @ 11/15/09) | 6.250 | 11/15/28 | 2,784,381 | ||||||||||
14,006,778 | ||||||||||||||
Wyoming 0.5% | ||||||||||||||
2,790 | Sweetwater Cnty, WY Solid Waste Disp Rev FMC Corp Proj Rfdg (AMT) | 5.600 | 12/01/35 | 2,082,763 | ||||||||||
Total Long-Term Investments 192.3%
(Cost $940,106,158) |
860,564,002 | |||||||||||||
Total Short-Term Investments 2.3%
(Cost $10,150,000) |
10,150,000 | |||||||||||||
Description | Value | |||||||||||||
Total Investments 194.6%
(Cost $950,256,158) |
$ | 870,714,002 | ||||||||||||
Liability for Floating Rate Note Obligations Related to
Securities Held (20.6%)
(Cost ($91,865,000)) |
||||||||||||||
(91,865 | ) | Notes with interest rates ranging from 0.51% to 1.74% at April 30, 2009 and contractual maturities of collateral ranging from 2023 to 2041 (See Note 1) (i) | (91,865,000 | ) | ||||||||||
Total Net Investment 174.0%
(Cost $858,391,158) |
778,849,002 | |||||||||||||
Other Assets in Excess of Liabilities 1.1%
|
4,733,211 | |||||||||||||
Preferred Shares (including accrued
distributions) (75.1%)
|
(336,048,014 | ) | ||||||||||||
Net Assets Applicable to Common Shares 100.0%
|
$ | 447,534,199 | ||||||||||||
* | Zero coupon bond | |
(a) | Underlying security related to Inverse Floaters entered into by the Trust. See Note 1. | |
(b) | Variable Rate Coupon | |
(c) | Escrowed to Maturity | |
(d) | Security is a step-up bond where the coupon increases or steps up at a predetermined date. | |
(e) | 144A-Private Placement security which is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. This security may only be resold in transactions exempt from registration which are normally those transactions with qualified institutional buyers. | |
(f) | Security includes a feature allowing the Trust an option on any interest rate payment date to offer the security for sale at par. The sale is contingent upon market conditions. | |
(g) | Securities are restricted and may be resold only in transactions exempt from registration which are normally those transactions with qualified institutional buyers. Restricted securities comprise 0.8% of net assets applicable to common shares. | |
(h) | Security purchased on a when-issued, delayed delivery or forward commitment basis. | |
(i) | Floating rate notes. The interest rate shown reflects the rates in effect at April 30, 2009. |
Assets:
|
||||||
Total Investments (Cost $950,256,158)
|
$ | 870,714,002 | ||||
Cash
|
34,682 | |||||
Receivables:
|
||||||
Interest
|
14,993,453 | |||||
Investments Sold
|
689,262 | |||||
Other
|
1,852 | |||||
Total Assets
|
886,433,251 | |||||
Liabilities:
|
||||||
Payables:
|
||||||
Floating Rate Note Obligations
|
91,865,000 | |||||
Investments Purchased
|
9,665,078 | |||||
Investment Advisory Fee
|
316,533 | |||||
Income DistributionsCommon Shares
|
59,377 | |||||
Other Affiliates
|
47,439 | |||||
Trustees Deferred Compensation and Retirement Plans
|
772,856 | |||||
Accrued Expenses
|
124,755 | |||||
Total Liabilities
|
102,851,038 | |||||
Preferred Shares (including accrued distributions)
|
336,048,014 | |||||
Net Assets Applicable to Common Shares
|
$ | 447,534,199 | ||||
Net Asset Value Per Common Share ($447,534,199 divided by
44,186,427 shares outstanding)
|
$ | 10.13 | ||||
Net Assets Consist of:
|
||||||
Common Shares ($0.01 par value with an unlimited number of
shares authorized, 44,186,427 shares issued
and outstanding)
|
$ | 441,864 | ||||
Paid in Surplus
|
586,218,639 | |||||
Accumulated Undistributed Net Investment Income
|
8,646,597 | |||||
Accumulated Net Realized Loss
|
(68,230,745 | ) | ||||
Net Unrealized Depreciation
|
(79,542,156 | ) | ||||
Net Assets Applicable to Common Shares
|
$ | 447,534,199 | ||||
Preferred Shares ($0.01 par value, authorized
100,000,000 shares, 13,440 issued with liquidation
preference of $25,000 per share)
|
$ | 336,000,000 | ||||
Net Assets Including Preferred Shares
|
$ | 783,534,199 | ||||
Investment Income:
|
||||||
Interest
|
$ | 26,871,530 | ||||
Expenses:
|
||||||
Investment Advisory Fee
|
2,279,537 | |||||
Interest and Residual Trust Expenses
|
1,315,957 | |||||
Preferred Share Maintenance
|
451,329 | |||||
Professional Fees
|
95,678 | |||||
Accounting and Administrative Expenses
|
94,105 | |||||
Transfer Agent Fees
|
68,953 | |||||
Reports to Shareholders
|
44,374 | |||||
Custody
|
27,027 | |||||
Registration Fees
|
11,765 | |||||
Trustees Fees and Related Expenses
|
10,016 | |||||
Depreciation in Trustees Deferred
Compensation Accounts
|
(186,870 | ) | ||||
Other
|
15,426 | |||||
Total Expenses
|
4,227,297 | |||||
Investment Advisory Fee Reduction
|
414,460 | |||||
Less Credits Earned on Cash Balances
|
324 | |||||
Net Expenses
|
3,812,513 | |||||
Net Investment Income
|
$ | 23,059,017 | ||||
Realized and Unrealized Gain/Loss:
|
||||||
Net Realized Loss
|
$ | (27,619,649 | ) | |||
Unrealized Appreciation/Depreciation:
|
||||||
Beginning of the Period
|
(139,440,520 | ) | ||||
End of the Period
|
(79,542,156 | ) | ||||
Net Unrealized Appreciation During the Period
|
59,898,364 | |||||
Net Realized and Unrealized Gain
|
$ | 32,278,715 | ||||
Distributions to Preferred Shareholders
|
$ | (1,990,936 | ) | |||
Net Increase in Net Assets Applicable to Common Shares
from Operations
|
$ | 53,346,796 | ||||
For The |
For The |
|||||||
Six Months
Ended |
Year Ended |
|||||||
April 30, 2009 | October 31, 2008 | |||||||
From Investment Activities:
|
||||||||
Operations:
|
||||||||
Net Investment Income
|
$ | 23,059,017 | $ | 49,605,474 | ||||
Net Realized Loss
|
(27,619,649 | ) | (32,158,527 | ) | ||||
Net Unrealized Appreciation/Depreciation During the Period
|
59,898,364 | (167,960,806 | ) | |||||
Distributions to Preferred Shareholders:
|
||||||||
Net Investment Income
|
(1,990,936 | ) | (14,669,654 | ) | ||||
Change in Net Assets Applicable to Common Shares
from Operations
|
53,346,796 | (165,183,513 | ) | |||||
Distributions to Common Shareholders:
|
||||||||
Net Investment Income
|
(16,437,688 | ) | (32,042,173 | ) | ||||
Net Change in Net Assets Applicable to Common Shares from
Investment Activities
|
36,909,108 | (197,225,686 | ) | |||||
From Capital Transactions:
|
||||||||
Value of Common Shares Issued Through
Dividend Reinvestment
|
-0- | 69,760 | ||||||
Repurchase of Shares
|
(45,774 | ) | (5,781,895 | ) | ||||
Net Change in Net Assets Applicable to Common Shares from
Capital Transactions
|
(45,774 | ) | (5,712,135 | ) | ||||
Net Change in Net Assets Applicable to Common Shares
|
36,863,334 | (202,937,821 | ) | |||||
Net Assets Applicable to Common Shares:
|
||||||||
Beginning of the Period
|
410,670,865 | 613,608,686 | ||||||
End of the Period (Including accumulated undistributed
net investment income of $8,646,597 and
$4,016,204, respectively)
|
$ | 447,534,199 | $ | 410,670,865 | ||||
Change in Net Assets from Operations (including Preferred
Share Distributions)
|
$ | 53,346,796 | ||||
Adjustments to Reconcile the Change in Net Assets from
Operations to
|
||||||
Net Cash Provided by Operating Activities:
|
||||||
Purchases of Investments
|
(86,989,800 | ) | ||||
Proceeds from Sales of Investments
|
176,126,702 | |||||
Net Purchases of Short-Term Investments
|
(10,150,000 | ) | ||||
Amortization of Premium
|
733,390 | |||||
Accretion of Discount
|
(1,402,511 | ) | ||||
Net Realized Loss on Investments
|
27,619,649 | |||||
Net Change in Unrealized Depreciation on Investments
|
(59,898,364 | ) | ||||
Decrease in Interest Receivables
|
209,152 | |||||
Decrease in Other Assets
|
9,312 | |||||
Decrease in Receivable for Investments Sold
|
261,434 | |||||
Decrease in Custodian Bank Payable
|
(355,140 | ) | ||||
Decrease in Investment Advisory Fee
|
(3,595 | ) | ||||
Decrease in Accrued Expenses
|
(24,838 | ) | ||||
Decrease in Distributor and Affiliates Payable
|
(24,332 | ) | ||||
Decrease in Trustees Deferred Compensation and
Retirement Plans
|
(184,544 | ) | ||||
Increase in Investments Purchased Payable
|
4,938,991 | |||||
Total Adjustments
|
50,865,506 | |||||
Net Cash Provided by Operating Activities
|
104,212,302 | |||||
Cash Flows From Financing Activities
|
||||||
Repurchased Shares
|
(45,774 | ) | ||||
Dividends Paid (net of reinvested dividends of $0)
|
(16,601,846 | ) | ||||
Proceeds from and Repayments of Floating Rate
Note Obligations
|
(87,530,000 | ) | ||||
Net Cash Provided by Financing Activities
|
(104,177,620 | ) | ||||
Net Increase in Cash
|
34,682 | |||||
Cash at the Beginning of the Period
|
-0- | |||||
Cash at the End of the Period
|
$ | 34,682 | ||||
Supplemental Disclosures of Cash Flow Information
|
||||||
Cash Paid During the Period for Interest
|
$ | 1,315,957 | ||||
Six Months |
||||||||||||||||||||||||||
Ended |
||||||||||||||||||||||||||
April 30, |
Year Ended October 31, | |||||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||||
Net Asset Value, Beginning of the Period
|
$ | 9.29 | $ | 13.73 | $ | 14.74 | $ | 14.62 | $ | 14.86 | $ | 14.69 | ||||||||||||||
Net Investment Income
|
0.52 | (a) | 1.12 | (a) | 1.05 | (a) | 0.98 | (a) | 1.01 | 1.05 | ||||||||||||||||
Net Realized and Unrealized Gain/Loss
|
0.74 | (4.51 | ) | (1.03 | ) | 0.44 | (0.14 | ) | 0.18 | |||||||||||||||||
Common Share Equivalent of Distributions Paid to
Preferred Shareholders:
|
||||||||||||||||||||||||||
Net Investment Income
|
(0.05 | ) | (0.33 | ) | (0.34 | ) | (0.30 | ) | (0.21 | ) | (0.10 | ) | ||||||||||||||
Net Realized Gain
|
-0- | -0- | -0- | (0.01 | ) | -0- | -0- | |||||||||||||||||||
Total from Investment Operations
|
1.21 | (3.72 | ) | (0.32 | ) | 1.11 | 0.66 | 1.13 | ||||||||||||||||||
Distributions Paid to Common Shareholders:
|
||||||||||||||||||||||||||
Net Investment Income
|
(0.37 | ) | (0.72 | ) | (0.69 | ) | (0.73 | ) | (0.90 | ) | (0.96 | ) | ||||||||||||||
Net Realized Gain
|
-0- | -0- | -0- | (0.26 | ) | -0- | -0- | |||||||||||||||||||
Net Asset Value, End of the Period
|
$ | 10.13 | $ | 9.29 | $ | 13.73 | $ | 14.74 | $ | 14.62 | $ | 14.86 | ||||||||||||||
Common Share Market Price at End of the Period
|
$ | 9.82 | $ | 8.40 | $ | 12.08 | $ | 13.10 | $ | 13.08 | $ | 14.70 | ||||||||||||||
Total
Return (b)*
|
21.85% | ** | 25.96% | 2.89% | 7.86% | 5.06% | 13.05% | |||||||||||||||||||
Net Assets Applicable to Common Shares at End of the Period
(In millions)
|
$ | 447.5 | $ | 410.7 | $ | 613.6 | $ | 664.8 | $ | 119.6 | $ | 121.5 | ||||||||||||||
Ratio of Expenses to Average Net Assets Applicable to Common
Shares (c)*
|
1.85% | 2.32% | 2.25% | 1.36% | 1.33% | 1.46% | ||||||||||||||||||||
Ratio of Net Investment Income to Average Net Assets Applicable
to
Common Shares (c)* |
11.18% | 8.95% | 7.33% | 6.90% | 6.78% | 7.14% | ||||||||||||||||||||
Portfolio Turnover
|
10% | ** | 56% | 18% | 14% | 29% | 29% | |||||||||||||||||||
* If
certain expenses had not been voluntarily assumed by
Van Kampen, total return would have been lower and the
ratios would have been as follows:
|
||||||||||||||||||||||||||
Ratio of
Expenses to Average Net Assets Applicable to
Common Shares (c)
|
2.05% | 2.49% | 2.40% | N/A | N/A | N/A | ||||||||||||||||||||
Ratio of Net
Investment Income to Average Net Assets Applicable to
Common Shares (c)
|
10.98% | 8.78% | 7.18% | N/A | N/A | N/A | ||||||||||||||||||||
Supplemental Ratios:
|
||||||||||||||||||||||||||
Ratio of Expenses (Excluding Interest and Residual
Trust Expenses) to Average Net Assets Applicable to
Common Shares (c)
|
1.21% | 1.07% | 1.06% | 1.28% | 1.33% | 1.46% | ||||||||||||||||||||
Ratio of Expenses (Excluding Interest and Residual
Trust Expenses) to Average Net Assets Applicable including
Preferred Shares (c)
|
0.67% | 0.62% | 0.64% | 0.77% | 0.80% | 0.88% | ||||||||||||||||||||
Ratio of Net Investment Income to Average Net Assets Applicable
to Common Shares (d)
|
10.22% | 6.31% | 4.95% | 4.80% | 5.40% | 6.44% | ||||||||||||||||||||
Senior Securities:
|
||||||||||||||||||||||||||
Total Preferred Shares Outstanding
|
13,440 | 13,440 | 16,800 | 16,800 | 3,200 | 3,200 | ||||||||||||||||||||
Asset Coverage Per Preferred Share (e)
|
$ | 58,302 | $ | 55,571 | $ | 61,536 | $ | 64,593 | $ | 62,369 | $ | 62,967 | ||||||||||||||
Involuntary Liquidating Preference Per Preferred Share
|
$ | 25,000 | $ | 25,000 | $ | 25,000 | $ | 25,000 | $ | 25,000 | $ | 25,000 | ||||||||||||||
Average Market Value Per Preferred Share
|
$ | 25,000 | $ | 25,000 | $ | 25,000 | $ | 25,000 | $ | 25,000 | $ | 25,000 |
(a) | Based on average shares outstanding. | |
(b) | Total return assumes an investment at the common share market price at the beginning of the period indicated, reinvestment of all distributions for the period in accordance with the Trusts dividend reinvestment plan, and sale of all shares at the closing common share market price at the end of the period indicated. | |
(c) | Ratios do not reflect the effect of dividend payments to preferred shareholders. | |
(d) | Ratios reflect the effect of dividend payments to preferred shareholders. | |
(e) | Calculated by subtracting the Trusts total liabilities (not including the preferred shares) from the Trusts total assets and dividing this by the number of preferred shares outstanding. |
Level 1 | quoted prices in active markets for identical investments |
Level 2 | other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
Level 3 | significant unobservable inputs (including the Trusts own assumptions in determining the fair value of investments) |
Investments in |
||||
Valuation Inputs | Securities | |||
Level 1Quoted Prices
|
$ | -0- | ||
Level 2Other Significant Observable Inputs
|
870,714,002 | |||
Level 3Significant Unobservable Inputs
|
-0- | |||
Total
|
$ | 870,714,002 | ||
Amount | Expiration | |||||||
$ | 2,455,675 | October 31, 2014 | ||||||
8,594,496 | October 31, 2015 | |||||||
30,182,920 | October 31, 2016 |
Cost of investments for tax purposes
|
$ | 841,497,391 | ||||
Gross tax unrealized appreciation
|
20,768,422 | |||||
Gross tax unrealized depreciation
|
(83,421,000 | ) | ||||
Net tax unrealized depreciation on investments
|
$ | (62,652,578 | ) | |||
Distributions paid from:
|
||||
Tax exempt income
|
$ | 46,702,181 | ||
Undistributed ordinary income
|
$ | 432,892 | ||
Undistributed tax-exempt income
|
4,028,553 |
Six Months
Ended |
Year Ended |
|||||||
April 30, 2009 | October 31, 2008 | |||||||
Beginning Shares
|
44,191,881 | 44,682,968 | ||||||
Shares Issued Through Dividend Reinvestment
|
-0- | 5,972 | ||||||
Shares Repurchased*
|
(5,454 | ) | (497,059 | ) | ||||
Ending Shares
|
44,186,427 | 44,191,881 | ||||||
* | The Trust has a share repurchase program for purposes of enhancing stockholder value and reducing the discount at which the Trusts shares trade from their net asset value. For the six months ended April 30, 2009, and the year ended October 31, 2008, the Trust repurchased 5,454 and 497,059, respectively of its shares at an average discount of 7.79% and 8.11%, respectively from net asset value per share. The Trust expects to continue to repurchase its outstanding shares at such time and in such amounts as it believes such activity will further the accomplishment of the foregoing objectives, subject to review of the Trustees. |
Board
of Trustees David C. Arch Jerry D. Choate Rod Dammeyer Linda Hutton Heagy R. Craig Kennedy Howard J Kerr Jack E. Nelson Hugo F. Sonnenschein Wayne W. Whalen* Chairman Suzanne H. Woolsey Officers Edward C. Wood III President and Principal Executive Officer Kevin Klingert Vice President Stefanie V. Chang Yu Vice President and Secretary John L. Sullivan Chief Compliance Officer Stuart N. Schuldt Chief Financial Officer and Treasurer |
Investment
Adviser Van Kampen Asset Management 522 Fifth Avenue New York, New York 10036 Custodian State Street Bank and Trust Company One Lincoln Street Boston, Massachusetts 02111 Transfer Agent Computershare Trust Company, N.A. c/o Computershare Investor Services P.O. Box 43078 Providence, Rhode Island 02940-3078 Legal Counsel Skadden, Arps, Slate, Meagher & Flom LLP 155 North Wacker Drive Chicago, Illinois 60606 Independent Registered Public Accounting Firm Deloitte & Touche LLP 111 South Wacker Drive Chicago, Illinois 60606-4301 |
* | Interested persons of the Fund, as defined in the investment Company Act of 1940, as amended. |
| We collect information such as your name, address, e-mail address, phone number and account title. |
| We may obtain information about account balances, your use of account(s) and the types of products and services you prefer to receive from us through your dealings and transactions with us and other sources. | ||
| We may obtain information about your creditworthiness and credit history from consumer reporting agencies. | ||
| We may collect background information from and through third-party vendors to verify representations you have made and to comply with various regulatory requirements. | ||
| If you interact with us through our public and private Web sites, we may collect information that you provide directly through online communications (such as an e-mail address). We may also collect information about your Internet service provider, your domain name, your computers operating system and Web browser, your use of our Web sites and your product and service preferences, through the use of cookies. Cookies recognize your computer each time you return to one of our sites, and help to improve our sites content and personalize your experience on our sites by, for example, suggesting offerings that may interest you. Please consult the Terms of Use of these sites for more details on our use of cookies. |
|
Calling us at
(800) 847-2424 Monday-Friday between 8 a.m. and 8 p.m. (ET) |
||
|
Writing to us at the
following address: Van Kampen Privacy Department Harborside Financial Center, Plaza Two, 3rd Floor Jersey City, NJ 07311 |
Van Kampen
Privacy Department Harborside Financial Center, Plaza Two, 3rd Floor Jersey City, NJ 07311 |
Total Number of | ||||||||||||||||
Shares Purchased | Maximum Number | |||||||||||||||
as | of Shares that may | |||||||||||||||
Part of Publicly | yet be Purchased | |||||||||||||||
Total Number of | Average Price | Announced Plans | Under the Plans or | |||||||||||||
Period | Shares Purchased | Paid per Share | or Programs | Programs | ||||||||||||
November |
| | | 3,591,528 | ||||||||||||
December |
5,454 | 9.82 | 5,454 | 3,586,074 | ||||||||||||
January |
| | | 3,586,074 | ||||||||||||
February |
| | | 3,586,074 | ||||||||||||
March |
| | | 3,586,074 | ||||||||||||
April |
| | | 3,586,074 |