|
|
|
|
|
|
|
|
Portfolio of Investments (Unaudited)
|
|
|
|
|
|
Nuveen Municipal High Income Opportunity Fund 2 (NMD)
|
|
|
|
|
|
July 31, 2012
|
|
|
|
Principal
|
|
|
Optional Call
|
|
|
Amount (000)
|
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Municipal Bonds – 113.5% (100.0% of Total Investments)
|
|
|
|
|
|
Alabama – 1.5% (1.3% of Total Investments)
|
|
|
|
$ 2,290
|
|
Birmingham Special Care Facilities Financing Authority, Alabama, Revenue Bonds, Baptist Health
|
11/15 at 100.00
|
Baa2
|
$ 2,397,401
|
|
|
System Inc., Series 2005A, 5.250%, 11/15/20
|
|
|
|
1,000
|
|
Phenix City Industrial Development Board, Alabama, Environmental Improvement Revenue Bonds,
|
11/12 at 100.00
|
BBB
|
1,009,800
|
|
|
MeadWestvaco Corporation, Series 2002A, 6.350%, 5/15/35 (Alternative Minimum Tax)
|
|
|
|
3,290
|
|
Total Alabama
|
|
|
3,407,201
|
|
|
Arizona – 6.3% (5.5% of Total Investments)
|
|
|
|
1,000
|
|
Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, General Obligation
|
7/17 at 100.00
|
N/R
|
1,035,660
|
|
|
Bonds, Series 2007, 6.200%, 7/15/32
|
|
|
|
1,500
|
|
Phoenix Industrial Development Authority, Arizona, Lease Revenue Bonds, Rowan University
|
6/22 at 100.00
|
A+
|
1,910,520
|
|
|
Project, Tender Option Bond Trust 1086, 17.141%, 6/01/42 (IF) (4)
|
|
|
|
55
|
|
Pima County Industrial Development Authority, Arizona, Choice Education and Development
|
No Opt. Call
|
N/R
|
56,584
|
|
|
Charter School Revenue Bonds, Series 2006, 6.000%, 6/01/16
|
|
|
|
495
|
|
Pima County Industrial Development Authority, Arizona, Education Revenue Bonds Legacy
|
7/19 at 100.00
|
N/R
|
568,706
|
|
|
Traditional School Project, Series 2009, 8.500%, 7/01/39
|
|
|
|
1,000
|
|
Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, Carden
|
1/22 at 100.00
|
BBB–
|
1,073,170
|
|
|
Traditional Schools Project, Series 2012, 7.500%, 1/01/42
|
|
|
|
825
|
|
Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, Paradise
|
6/19 at 100.00
|
BBB–
|
840,642
|
|
|
Education Center Project, Series 2010, 6.000%, 6/01/40
|
|
|
|
2,575
|
|
Quechan Indian Tribe of the Fort Yuma Reservation, Arizona, Government Project Bonds, Series
|
12/17 at 102.00
|
CCC
|
2,294,325
|
|
|
2008, 7.000%, 12/01/27
|
|
|
|
1,000
|
|
Quechan Indian Tribe of the Fort Yuma Reservation, Arizona, Tribal Econmic Development Bonds,
|
5/22 at 100.00
|
N/R
|
1,057,850
|
|
|
Series 2012A, 9.750%, 5/01/25
|
|
|
|
|
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc
|
|
|
|
|
|
Prepay Contract Obligations, Series 2007:
|
|
|
|
1,000
|
|
5.500%, 12/01/37
|
No Opt. Call
|
B
|
1,012,250
|
3,825
|
|
5.000%, 12/01/37
|
No Opt. Call
|
A–
|
3,976,279
|
1,000
|
|
Yuma County Industrial Development Authority, Arizona, Exempt Revenue Bonds, Far West Water &
|
12/17 at 100.00
|
N/R
|
1,002,750
|
|
|
Sewer Inc. Refunding, Series 2007A, 6.375%, 12/01/37 (Alternative Minimum Tax)
|
|
|
|
14,275
|
|
Total Arizona
|
|
|
14,828,736
|
|
|
California – 18.4% (16.2% of Total Investments)
|
|
|
|
1,470
|
|
Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Tender
|
No Opt. Call
|
AA
|
2,262,947
|
|
|
Option Bond Trust 2985, 17.356%, 4/01/16 (IF)
|
|
|
|
2,000
|
|
California Educational Facilities Authority, Revenue Bonds, Dominican University, Series 2006,
|
12/16 at 100.00
|
Baa3
|
2,028,620
|
|
|
5.000%, 12/01/36
|
|
|
|
1,875
|
|
California Health Facilities Financing Authority, Refunding Revenue Bonds, Stanford Hospital
|
11/21 at 100.00
|
AA–
|
3,261,225
|
|
|
and Clinics, Tender Option Bond Trust 3267, 19.740%, 11/15/40 (IF) (4)
|
|
|
|
565
|
|
California Housing Finance Agency, California, Home Mortgage Revenue Bonds, Series 2008B,
|
8/17 at 100.00
|
BBB
|
568,599
|
|
|
5.000%, 2/01/28 (Alternative Minimum Tax)
|
|
|
|
1,000
|
|
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects
|
8/20 at 100.00
|
N/R
|
1,050,490
|
|
|
Series 2010B, 7.250%, 8/15/45
|
|
|
|
1,000
|
|
California Municipal Finance Authority, Revenue Bonds, Harbor Regional Center Project, Series
|
11/19 at 100.00
|
AA
|
1,207,830
|
|
|
2009, 8.500%, 11/01/39
|
|
|
|
1,300
|
|
California State, General Obligation Bonds, Tender Option Bond Trust 3162, 19.560%, 3/01/18 –
|
No Opt. Call
|
AA–
|
2,078,752
|
|
|
AGM Insured (IF)
|
|
|
|
520
|
|
California Statewide Communities Development Authority, Revenue Bonds, American Baptist Homes
|
10/19 at 100.00
|
BBB+
|
565,718
|
|
|
of the West, Series 2010, 6.250%, 10/01/39
|
|
|
|
1,000
|
|
California Statewide Communities Development Authority, Statewide Community Infrastructure
|
9/21 at 100.00
|
N/R
|
1,067,000
|
|
|
Program Revenue Bonds, Series 2011A, 8.000%, 9/02/41
|
|
|
|
500
|
|
California Statewide Community Development Authority, Revenue Bonds, California Baptist
|
11/21 at 100.00
|
N/R
|
603,575
|
|
|
University, Series 2011A, 7.500%, 11/01/41
|
|
|
|
1,825
|
|
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity
|
7/15 at 100.00
|
BBB
|
1,882,834
|
|
|
Health System, Series 2005A, 5.250%, 7/01/35
|
|
|
|
500
|
|
California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,
|
4/17 at 100.00
|
AA+
|
560,690
|
|
|
Series 2007A, 5.000%, 4/01/31 – BHAC Insured (4)
|
|
|
|
2,000
|
|
California Statewide Community Development Authority, Revenue Bonds, St. Joseph Health System,
|
7/18 at 100.00
|
AA–
|
2,240,920
|
|
|
Series 2007C, 5.750%, 7/01/47 – FGIC Insured
|
|
|
|
|
|
Daly City Housing Development Finance Agency, California, Mobile Home Park Revenue Bonds,
|
|
|
|
|
|
Franciscan Mobile Home Park Refunding, Series 2007A:
|
|
|
|
2,000
|
|
5.000%, 12/15/37
|
12/17 at 100.00
|
A
|
2,055,800
|
1,945
|
|
6.500%, 12/15/47
|
12/17 at 100.00
|
N/R
|
1,992,516
|
1,370
|
|
Elk Grove Community Facilities District 2005-1, California, Special Tax Bonds, Series 2007,
|
9/15 at 102.00
|
N/R
|
1,093,822
|
|
|
5.250%, 9/01/37
|
|
|
|
1,000
|
|
Fontana, California, Special Tax Bonds, Community Facilities District 31 Citrus Heights North,
|
9/14 at 102.00
|
N/R
|
1,006,930
|
|
|
Series 2006, 5.000%, 9/01/26
|
|
|
|
|
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
|
|
|
|
|
|
Asset-Backed Revenue Bonds, Tender Option Bond Trust 1011:
|
|
|
|
1,500
|
|
17.151%, 6/01/29 – AMBAC Insured (IF) (4)
|
10/12 at 100.00
|
A2
|
1,506,360
|
250
|
|
17.151%, 6/01/38 – FGIC Insured (IF) (4)
|
6/15 at 100.00
|
A2
|
274,190
|
500
|
|
17.130%, 6/01/45 (IF) (4)
|
6/15 at 100.00
|
A2
|
546,180
|
|
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
|
|
|
|
|
Bonds, Series 2007A-1:
|
|
|
|
4,500
|
|
5.000%, 6/01/33
|
6/17 at 100.00
|
BB–
|
3,612,682
|
1,000
|
|
5.750%, 6/01/47
|
6/17 at 100.00
|
BB–
|
846,630
|
2,500
|
|
5.125%, 6/01/47
|
6/17 at 100.00
|
BB–
|
1,911,925
|
1,000
|
|
Hercules Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series
|
8/15 at 100.00
|
CC
|
704,160
|
|
|
2005, 5.000%, 8/01/25 – AMBAC Insured
|
|
|
|
1,000
|
|
Lathrop Financing Authority, California, Revenue Bonds, Water Supply Project Series 2003,
|
6/13 at 100.00
|
N/R
|
1,008,060
|
|
|
6.000%, 6/01/35
|
|
|
|
850
|
|
Los Angeles County, California, Community Development Commission Headquarters Office Building,
|
9/21 at 100.00
|
Aa3
|
1,193,536
|
|
|
Lease Revenue Bonds, Community Development Properties Los Angeles County Inc., Tender Option
|
|
|
|
|
|
Bond Trust Series 2011-23B, 18.898%, 9/01/42 (IF) (4)
|
|
|
|
700
|
|
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International
|
5/20 at 100.00
|
AA
|
1,047,984
|
|
|
Airport, Tender Option Bond Trust 10-27B, 18.329%, 5/15/40 (IF) (4)
|
|
|
|
500
|
|
March Joint Powers Redevelopment Agency, California, March Air Force Base Redevelopment
|
8/21 at 100.00
|
BBB+
|
585,750
|
|
|
Project Tax Allocation Revenue Bonds, Series 2011A, 7.500%, 8/01/41
|
|
|
|
625
|
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010,
|
11/20 at 100.00
|
Baa3
|
683,675
|
|
|
5.250%, 11/01/21
|
|
|
|
2,500
|
|
San Bernardino Community College District, California, General Obligation Bonds, Tender Option
|
8/16 at 100.00
|
Aa2
|
3,715,300
|
|
|
Bond Trust 11780-1, 17.115%, 2/01/27 – AGM Insured (IF)
|
|
|
|
39,295
|
|
Total California
|
|
|
43,164,700
|
|
|
Colorado – 9.3% (8.2% of Total Investments)
|
|
|
|
1,500
|
|
Arista Metropolitan District, Colorado, Special Revenue Bonds, Series 2008, 9.250%, 12/01/37
|
12/15 at 100.00
|
N/R
|
1,179,810
|
1,945
|
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Windsor
|
5/17 at 100.00
|
BBB–
|
1,946,400
|
|
|
Academy, Series 2007A, 5.700%, 5/01/37
|
|
|
|
1,920
|
|
Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Pikes Peak School of
|
6/18 at 102.00
|
N/R
|
1,955,770
|
|
|
Expeditionary Learning Charter School, Series 2008, 6.625%, 6/01/38
|
|
|
|
750
|
|
Colorado Health Facilities Authority, Health Facilities Revenue Bonds, Sisters of Charity of
|
No Opt. Call
|
AA
|
1,173,300
|
|
|
Leavenworth Health Services Corporation, Tender Option Bond Trust 3702, 18.780%, 1/01/18 (IF) (4)
|
|
|
|
1,000
|
|
Colorado Health Facilities Authority, Revenue Bonds, Evangelical Lutheran Good Samaritan
|
6/16 at 100.00
|
A–
|
1,040,530
|
|
|
Society, Series 2006, 5.250%, 6/01/36
|
|
|
|
|
|
Colorado Housing and Finance Authority, Revenue Bonds, Confluence Energy LLC Project,
|
|
|
|
|
|
Series 2007:
|
|
|
|
1,073
|
|
5.000%, 9/01/16 (Alternative Minimum Tax) (5)
|
No Opt. Call
|
N/R
|
658,301
|
5,045
|
|
6.750%, 4/01/27 (Alternative Minimum Tax)
|
4/17 at 100.00
|
N/R
|
4,175,646
|
1,000
|
|
Compark Business Campus Metropolitan District, Douglas County, Colorado, General Obligation
|
12/22 at 100.00
|
N/R
|
1,023,010
|
|
|
Bonds, Series 2012A, 6.750%, 12/01/39 – RAAI Insured
|
|
|
|
1,000
|
|
Confluence Metropolitan District, Colorado, General Obligation Limited Tax Bonds, Series 2007,
|
12/17 at 100.00
|
N/R
|
866,320
|
|
|
5.400%, 12/01/27
|
|
|
|
1,070
|
|
Fitzsimons Village Metropolitan District 1, Aurora, Arapahoe County, Colorado, Tax Increment
|
3/20 at 100.00
|
N/R
|
1,154,402
|
|
|
Public Improvement Fee Supported Revenue Bonds, Series 2010A, 7.500%, 3/01/40
|
|
|
|
5
|
|
Maher Ranch Metropolitan District 4, Colorado, General Obligation Limited Tax Bonds, Series
|
12/17 at 100.00
|
N/R
|
4,511
|
|
|
2007, 5.250%, 12/01/36 – RAAI Insured
|
|
|
|
500
|
|
Pinery West Metropolitan District 2, Colorado, General Obligation Limited Tax Bonds, Series
|
12/17 at 100.00
|
N/R
|
504,860
|
|
|
2007, 5.000%, 12/01/27 – RAAI Insured
|
|
|
|
1,000
|
|
Plaza Metropolitan District 1, Lakewood, Colorado, Tax Increment Revenue Bonds, Series 2003,
|
6/14 at 101.00
|
N/R
|
1,038,140
|
|
|
8.000%, 12/01/25
|
|
|
|
1,700
|
|
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado Springs
|
No Opt. Call
|
A
|
2,105,807
|
|
|
Utilities, Series 2008, 6.500%, 11/15/38
|
|
|
|
|
|
Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project Private
|
|
|
|
|
|
Activity Bonds, Series 2010:
|
|
|
|
500
|
|
6.500%, 1/15/30
|
7/20 at 100.00
|
Baa3
|
601,635
|
1,000
|
|
6.000%, 1/15/41
|
7/20 at 100.00
|
Baa3
|
1,139,860
|
2,000
|
|
Stone Ridge Metropolitan District 2, Colorado, General Obligation Bonds, Limited Tazx
|
12/17 at 100.00
|
N/R
|
510,500
|
|
|
Convertible to Unlimited, Series 2007, 7.250%, 12/01/31
|
|
|
|
815
|
|
Three Springs Metropolitan District 3, Durango, La Plata County, Colorado, Property Tax
|
12/20 at 100.00
|
N/R
|
859,450
|
|
|
Supported Revenue Bonds, Series 2010, 7.750%, 12/01/39
|
|
|
|
23,823
|
|
Total Colorado
|
|
|
21,938,252
|
|
|
Connecticut – 0.7% (0.6% of Total Investments)
|
|
|
|
1,000
|
|
Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation Revenue
|
4/20 at 100.00
|
N/R
|
1,143,470
|
|
|
Bonds, Harbor Point Project, Series 2010A, 7.875%, 4/01/39
|
|
|
|
500
|
|
Stamford, Connecticut, Special Obligation Revenue Bonds, Mill River Corridor Project, Series
|
4/21 at 100.00
|
N/R
|
533,350
|
|
|
2011aA, 7.000%, 4/01/41
|
|
|
|
1,500
|
|
Total Connecticut
|
|
|
1,676,820
|
|
|
District of Columbia – 1.8% (1.6% of Total Investments)
|
|
|
|
2,500
|
|
District of Columbia, Revenue Bonds, Howard University, Tender Option Bond Trust 1006,
|
4/21 at 100.00
|
A–
|
4,271,000
|
|
|
23.123%, 10/01/37 (IF) (4)
|
|
|
|
|
|
Florida – 9.1% (8.0% of Total Investments)
|
|
|
|
945
|
|
Ave Maria Stewardship Community Development District, Florida, Capital Improvement Revenue
|
5/16 at 100.00
|
N/R
|
846,257
|
|
|
Bonds, Series 2006A, 5.125%, 5/01/38
|
|
|
|
1,000
|
|
Ave Maria Stewardship Community District, Florida, Capital Improvement Revenue Bonds, Series
|
5/22 at 100.00
|
N/R
|
1,010,550
|
|
|
2012, 6.700%, 5/01/42
|
|
|
|
985
|
|
Beacon Lakes Community Development District, Florida, Special Assessment Bonds, Series 2003A,
|
5/13 at 101.00
|
N/R
|
1,010,492
|
|
|
6.900%, 5/01/35
|
|
|
|
975
|
|
Beeline Community Development District, Palm Beach County, Florida, Special Assessment Bonds,
|
5/18 at 100.00
|
N/R
|
1,038,746
|
|
|
Series 2008A, 7.000%, 5/01/37
|
|
|
|
430
|
|
Colonial Country Club Community Development District, Florida, Capital Improvement Revenue
|
5/13 at 101.00
|
A
|
449,427
|
|
|
Bonds, Series 2003, 6.400%, 5/01/33
|
|
|
|
1,000
|
|
Cordoba Ranch Community Development District, Hillsborough County, Florida, Special Assessment
|
No Opt. Call
|
N/R
|
885,010
|
|
|
Revenue Bonds, Series 2006, 5.550%, 5/01/37
|
|
|
|
1,000
|
|
Martin County Industrial Development Authority, Florida, Industrial Development Revenue Bonds,
|
12/12 at 100.00
|
BB+
|
1,004,000
|
|
|
Indiantown Cogeneration LP, Series 1994A, 7.875%, 12/15/25 (Alternative Minimum Tax)
|
|
|
|
2,275
|
|
Old Palm Community Development District, Florida, Special Assessment Bonds, Palm Beach
|
5/15 at 101.00
|
N/R
|
2,298,342
|
|
|
Gardens, Series 2004A, 5.900%, 5/01/35
|
|
|
|
1,065
|
|
Pine Island Community Development District, Florida, Special Assessment Bonds, Bella Collina,
|
5/13 at 100.00
|
N/R
|
1,001,920
|
|
|
Series 2004, 5.750%, 5/01/35
|
|
|
|
995
|
|
Poinciana West Community Development District, Florida, Special Assessment Bonds, Series 2007,
|
5/17 at 100.00
|
N/R
|
997,448
|
|
|
6.000%, 5/01/37
|
|
|
|
1,000
|
|
Port Saint Lucie, Florida, Special Assessment Revenue Bonds, Southwest Annexation District 1B,
|
7/17 at 100.00
|
BBB
|
1,035,620
|
|
|
Series 2007, 5.000%, 7/01/33 – NPFG Insured
|
|
|
|
480
|
|
South Village Community Development District, Clay County, Florida, Capital Improvement
|
5/13 at 100.00
|
N/R
|
434,126
|
|
|
Revenue Bonds, Series 2005A, 5.700%, 5/01/35
|
|
|
|
1,315
|
|
Stoneybrook Venice Community Development District, Florida, Capital Improvement Revenue Bonds,
|
5/18 at 100.00
|
N/R
|
1,379,119
|
|
|
Series 2007, 6.750%, 5/01/38
|
|
|
|
2,720
|
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Series 2006,
|
5/14 at 101.00
|
BB
|
2,416,720
|
|
|
5.400%, 5/01/37
|
|
|
|
|
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Series 2007:
|
|
|
|
1,150
|
|
6.375%, 5/01/17 (5), (6)
|
No Opt. Call
|
N/R
|
565,107
|
5,820
|
|
5.250%, 5/01/39 (5), (6)
|
5/17 at 100.00
|
N/R
|
2,859,932
|
|
|
Westchester Community Development District 1, Florida, Special Assessment Bonds, Series 2003:
|
|
|
|
445
|
|
6.000%, 5/01/23
|
5/13 at 101.00
|
N/R
|
447,648
|
1,750
|
|
6.125%, 5/01/35
|
5/13 at 101.00
|
N/R
|
1,755,688
|
25,350
|
|
Total Florida
|
|
|
21,436,152
|
|
|
Georgia – 1.7% (1.5% of Total Investments)
|
|
|
|
990
|
|
Atlanta, Georgia, Tax Allocation Bonds, Beltline Project Series 2008A. Remarketed, 7.500%, 1/01/31
|
1/19 at 100.00
|
N/R
|
1,170,220
|
1,250
|
|
Clayton County Development Authority, Georgia, Special Facilities Revenue Bonds, Delta Air
|
6/20 at 100.00
|
CCC+
|
1,540,563
|
|
|
Lines, Inc. Project, Series 2009A, 8.750%, 6/01/29
|
|
|
|
1,170
|
|
Clayton County Development Authority, Georgia, Special Facilities Revenue Bonds, Delta Air
|
6/15 at 100.00
|
CCC+
|
1,288,498
|
|
|
Lines, Inc. Project, Series 2009B, 9.000%, 6/01/35 (Alternative Minimum Tax)
|
|
|
|
3,410
|
|
Total Georgia
|
|
|
3,999,281
|
|
|
Illinois – 12.4% (10.9% of Total Investments)
|
|
|
|
1,000
|
|
Cook County, Illinois, Recovery Zone Facility Revenue Bonds, Navistar International
|
10/20 at 100.00
|
B2
|
1,036,500
|
|
|
Corporation Project, Series 2010, 6.500%, 10/15/40
|
|
|
|
1,180
|
|
Evanston, Illinois, Educational Facility Revenue Bonds, Roycemore School Project, Series 2011,
|
7/21 at 100.00
|
N/R
|
1,287,156
|
|
|
8.250%, 7/01/41
|
|
|
|
1,100
|
|
Hillside, Cook County, Illinois, Senior Lien Tax Increment Revenue Bonds, Mannheim
|
1/18 at 102.00
|
N/R
|
1,106,842
|
|
|
Redevelopment Project, Series 2008, 7.000%, 1/01/28
|
|
|
|
1,000
|
|
Illinois Finance Authority Revenue Bonds, Christian Homes, Inc., Refunding Series 2010,
|
5/15 at 100.00
|
BBB–
|
1,029,750
|
|
|
5.500%, 5/15/23
|
|
|
|
3,370
|
|
Illinois Finance Authority, Charter School Revenue Bonds, Chicago Charter School Foundation,
|
12/16 at 100.00
|
BBB+
|
3,431,469
|
|
|
Series 2007, 5.000%, 12/01/36
|
|
|
|
500
|
|
Illinois Finance Authority, Revenue Bonds, Admiral at Lake Project, Series 2010A, 7.750%, 5/15/30
|
5/20 at 100.00
|
N/R
|
586,870
|
500
|
|
Illinois Finance Authority, Revenue Bonds, Admiral at Lake Project, Temps 75 Series 2010D-1,
|
11/12 at 100.00
|
N/R
|
502,640
|
|
|
7.000%, 5/15/18
|
|
|
|
1,250
|
|
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Tender Option Bond Trust
|
11/17 at 100.00
|
A
|
1,726,650
|
|
|
4702, 20.273%, 11/15/37 (IF) (4)
|
|
|
|
1,900
|
|
Illinois Finance Authority, Revenue Bonds, Provena Health, Series 2009A, 7.750%, 8/15/34
|
8/19 at 100.00
|
BBB+
|
2,448,587
|
1,770
|
|
Illinois Finance Authority, Revenue Bonds, Sherman Health Systems, Series 2007A,
|
8/17 at 100.00
|
BBB
|
1,908,786
|
|
|
5.500%, 8/01/37
|
|
|
|
2,000
|
|
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers,
|
8/19 at 100.00
|
BBB+
|
2,388,940
|
|
|
Series 2009, 6.875%, 8/15/38
|
|
|
|
500
|
|
Illinois FInance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, Inc.,
|
3/20 at 100.00
|
AA–
|
560,830
|
|
|
Series 2005 Remarketed, 5.250%, 3/01/30 – AGM Insured
|
|
|
|
2,000
|
|
Illinois Finance Authority, Student Housing Revenue Bonds, MJH Education Assistance Illinois
|
6/14 at 100.00
|
Ca
|
1,720,000
|
|
|
IV LLC, Fullerton Village Project, Series 2004A, 5.125%, 6/01/35 (6)
|
|
|
|
500
|
|
Illinois Health Facilities Authority, Revenue Refunding Bonds, Elmhurst Memorial Healthcare,
|
1/13 at 100.00
|
BBB+
|
508,470
|
|
|
Series 2002, 5.500%, 1/01/22
|
|
|
|
200
|
|
Illinois State, General Obligation Bonds, Series 2012A, 5.000%, 3/01/36
|
3/22 at 100.00
|
A
|
216,696
|
|
|
Lombard Public Facilities Corporation, Illinois, First Tier Conference Center and Hotel
|
|
|
|
|
|
Revenue Bonds, Series 2005A-2:
|
|
|
|
250
|
|
5.500%, 1/01/30 – ACA Insured
|
1/16 at 100.00
|
CCC
|
166,408
|
2,000
|
|
5.500%, 1/01/36 – ACA Insured
|
1/16 at 100.00
|
CCC
|
1,335,240
|
|
|
Lombard Public Facilities Corporation, Illinois, Second Tier Conference Center and Hotel
|
|
|
|
|
|
Revenue Bonds, Series 2005B:
|
|
|
|
285
|
|
5.250%, 1/01/25
|
1/16 at 100.00
|
CCC
|
153,843
|
175
|
|
5.250%, 1/01/36
|
1/16 at 100.00
|
CCC
|
92,909
|
800
|
|
Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series
|
6/21 at 100.00
|
A–
|
932,600
|
|
|
2010, 6.000%, 6/01/28
|
|
|
|
|
|
Southwestern Illinois Development Authority, Illinois, Saint Clair County Comprehensive Mental
|
|
|
|
|
|
Health Center, Series 2007:
|
|
|
|
1,025
|
|
6.200%, 6/01/17
|
No Opt. Call
|
N/R
|
1,097,017
|
3,020
|
|
6.625%, 6/01/37
|
6/17 at 103.00
|
N/R
|
3,167,014
|
975
|
|
Southwestern Illinois Development Authority, Local Government Program Revenue Bonds, Granite
|
3/14 at 100.00
|
N/R
|
1,000,262
|
|
|
City Project, Series 2009B, 7.750%, 3/01/22
|
|
|
|
750
|
|
Springfield, Sangamon County, Illinois, Special Service Area, Legacy Pointe, Special
|
3/17 at 102.00
|
N/R
|
811,455
|
|
|
Assessment Bonds, Series 2009, 7.875%, 3/01/32
|
|
|
|
28,050
|
|
Total Illinois
|
|
|
29,216,934
|
|
|
Indiana – 3.6% (3.2% of Total Investments)
|
|
|
|
4,100
|
|
Hospital Authority of Delaware County, Indiana, Hospital Revenue Bonds, Cardinal Health
|
8/16 at 100.00
|
Baa2
|
4,342,761
|
|
|
System, Series 2006, 5.125%, 8/01/29
|
|
|
|
1,250
|
|
Indiana Bond Bank, Special Program Gas Revenue Bonds, JP Morgan Ventures Energy Corporation
|
No Opt. Call
|
A2
|
2,079,200
|
|
|
Guaranteed, Tender Option Bond Trust 2882, 17.700%, 4/15/17 (IF)
|
|
|
|
|
|
Vigo County Hospital Authority, Indiana, Revenue Bonds, Union Hospital, Series 2007:
|
|
|
|
250
|
|
5.700%, 9/01/37
|
9/17 at 100.00
|
N/R
|
257,963
|
1,800
|
|
5.800%, 9/01/47
|
9/17 at 100.00
|
N/R
|
1,859,130
|
7,400
|
|
Total Indiana
|
|
|
8,539,054
|
|
|
Kentucky – 0.3% (0.2% of Total Investments)
|
|
|
|
500
|
|
Kentucky Economic Development Finance Authority, Hospital Facilities Revenue Bonds, Owensboro
|
6/20 at 100.00
|
BBB+
|
583,290
|
|
|
Medical Health System, Series 2010A, 6.000%, 6/01/30
|
|
|
|
|
|
Louisiana – 3.4% (3.0% of Total Investments)
|
|
|
|
1,000
|
|
Louisana Public Facilities Authority, Revenue Bonds, Lake Charles Charter Academy Foundation
|
12/21 at 100.00
|
N/R
|
1,057,130
|
|
|
Project, Series 2011A, 7.750%, 12/15/31
|
|
|
|
500
|
|
Louisiana Local Government Environment Facilities and Community Development Authority, Revenue
|
11/20 at 100.00
|
BBB–
|
580,730
|
|
|
Bonds, Westlake Chemical Corporation Projects, Series 2010A-1, 6.500%, 11/01/35
|
|
|
|
3,500
|
|
Louisiana Local Government Environmental Facilities & Community Development Authority, Revenue
|
11/17 at 100.00
|
BBB–
|
3,940,860
|
|
|
Bonds, Westlake Chemical Corporation Project, Series 2007, 6.750%, 11/01/32
|
|
|
|
4,000
|
|
Louisiana Local Government Environmental Facilities and Community Development Authority,
|
12/17 at 100.00
|
N/R
|
1,826,280
|
|
|
Revenue Bonds, Southgate Suites Hotel LLC Project, Series 2007A, 6.750%, 12/15/37 (6)
|
|
|
|
555
|
|
Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds,
|
11/12 at 100.00
|
A–
|
566,094
|
|
|
Series 2001B, 5.875%, 5/15/39
|
|
|
|
9,555
|
|
Total Louisiana
|
|
|
7,971,094
|
|
|
Maryland – 0.5% (0.4% of Total Investments)
|
|
|
|
375
|
|
Baltimore, Maryland, Senior Lien Convention Center Hotel Revenue Bonds, Series 2006A, 5.250%,
|
9/16 at 100.00
|
BB+
|
379,928
|
|
|
9/01/39 – SYNCORA GTY Insured
|
|
|
|
1,000
|
|
Maryland Economic Development Corporation, Revenue Bonds, Chesapeake Bay Hyatt Conference
|
12/16 at 100.00
|
N/R
|
684,460
|
|
|
Center, Series 2006A, 5.000%, 12/01/31
|
|
|
|
1,375
|
|
Total Maryland
|
|
|
1,064,388
|
|
|
Massachusetts – 0.0% (0.0% of Total Investments)
|
|
|
|
90
|
|
Boston Industrial Development Financing Authority, Massachusetts, Senior Revenue Bonds,
|
9/12 at 102.00
|
Caa3
|
70,405
|
|
|
Crosstown Center Project, Series 2002, 6.500%, 9/01/35 (Alternative Minimum Tax)
|
|
|
|
|
|
Michigan – 1.3% (1.2% of Total Investments)
|
|
|
|
1,750
|
|
Michigan Public Educational Facilities Authority, Charter School Revenue Bonds, American
|
12/17 at 100.00
|
N/R
|
1,750,578
|
|
|
Montessori Academy, Series 2007, 6.500%, 12/01/37
|
|
|
|
960
|
|
Michigan Public Educational Facilities Authority, Limited Obligation Revenue Bonds, David
|
6/17 at 100.00
|
N/R
|
960,106
|
|
|
Ellis Academy-West Charter School Project, Series 2007, 5.875%, 6/01/37
|
|
|
|
500
|
|
Summit Academy North, Michigan, Revenue Bonds, Public School Academy Series 2005,
|
11/15 at 100.00
|
BB+
|
443,135
|
|
|
5.500%, 11/01/35
|
|
|
|
3,210
|
|
Total Michigan
|
|
|
3,153,819
|
|
|
Minnesota – 1.3% (1.2% of Total Investments)
|
|
|
|
3,000
|
|
St. Paul Housing and Redevelopment Authority, Minnesota, Revenue Bonds, Healtheast Inc.,
|
11/15 at 100.00
|
BBB–
|
3,124,740
|
|
|
Series 2005, 6.000%, 11/15/35
|
|
|
|
|
|
Mississippi – 0.3% (0.3% of Total Investments)
|
|
|
|
975
|
|
Mississippi Business Finance Corporation, Gulf Opportunity Zone Revenue Bonds, Roberts Hotel
|
2/21 at 102.00
|
N/R
|
785,460
|
|
|
of Jackson, LLC Project, Series 2010, 8.500%, 2/01/30 (6)
|
|
|
|
|
|
Missouri – 2.9% (2.5% of Total Investments)
|
|
|
|
1,000
|
|
Hanley Road Corridor Transportation Development District, Brentwood and Maplewood, Missouri,
|
10/19 at 100.00
|
A–
|
1,112,810
|
|
|
Transportation Sales Revenue Bonds, Refunding Series 2009A, 5.875%, 10/01/36
|
|
|
|
1,000
|
|
Missouri Development Finance Board. Infrastructure Facilities Revenue Bonds, City of
|
4/14 at 100.00
|
A–
|
1,045,160
|
|
|
Independence, Missouri – Events Center Project, Series 2009F, 6.250%, 4/01/38
|
|
|
|
990
|
|
Orpheum Theater Community Improvement District, Saint Louis, Missouri, Property and Sales Tax
|
3/14 at 102.00
|
N/R
|
766,864
|
|
|
Revenue Bonds, Series 2009, 9.000%, 3/01/29
|
|
|
|
1,100
|
|
Saint Louis Industrial Development Authority, Missouri, Confluence Academy Project, Series
|
6/15 at 103.00
|
N/R
|
1,028,445
|
|
|
2007A, 5.350%, 6/15/32
|
|
|
|
1,000
|
|
Saint Louis Land Clearance for Redevelopment Authority, Missouri, Tax-Exempt Recovery Zone
|
9/20 at 100.00
|
N/R
|
1,042,520
|
|
|
Facilities Improvement, Special Revenue Bonds, Kiel Opera House Project, Series 2010B,
|
|
|
|
|
|
7.000%, 9/01/35
|
|
|
|
1,868
|
|
Saint Louis, Missouri, Tax Increment Financing Revenue Bonds, Fashion Square Redevelopment
|
9/12 at 100.00
|
N/R
|
1,768,043
|
|
|
Project, Series 2008A, 6.300%, 8/22/26
|
|
|
|
6,958
|
|
Total Missouri
|
|
|
6,763,842
|
|
|
Nevada – 1.9% (1.7% of Total Investments)
|
|
|
|
2,500
|
|
Clark County, Nevada, General Obligation Bank Bonds, Southern Nevada Water Authority Loan,
|
No Opt. Call
|
AA+
|
3,520,400
|
|
|
Tender Option Bond Trust Series 2010-11836, 17.765%, 6/01/16 (IF)
|
|
|
|
895
|
|
Sparks Tourism Improvement District 1, Legends at Sparks Marina, Nevada, Senior Sales Tax
|
6/18 at 100.00
|
B2
|
926,173
|
|
|
Revenue Bonds Series 2008A, 6.500%, 6/15/20
|
|
|
|
3,395
|
|
Total Nevada
|
|
|
4,446,573
|
|
|
New Jersey – 3.2% (2.9% of Total Investments)
|
|
|
|
2,000
|
|
New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental
|
9/12 at 100.00
|
B
|
2,008,060
|
|
|
Airlines Inc., Series 1999, 6.250%, 9/15/19 (Alternative Minimum Tax)
|
|
|
|
1,000
|
|
New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental
|
11/12 at 100.00
|
B
|
1,003,830
|
|
|
Airlines Inc., Series 2000, 7.000%, 11/15/30 (Alternative Minimum Tax)
|
|
|
|
3,200
|
|
New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters
|
7/18 at 100.00
|
BBB–
|
3,432,224
|
|
|
University Hospital, Series 2007, 5.750%, 7/01/37
|
|
|
|
1,000
|
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Joseph’s
|
No Opt. Call
|
BBB–
|
1,164,150
|
|
|
Healthcare System Obligated Group Issue, Series 2008, 6.000%, 7/01/18
|
|
|
|
7,200
|
|
Total New Jersey
|
|
|
7,608,264
|
|
|
New Mexico – 0.7% (0.6% of Total Investments)
|
|
|
|
485
|
|
Montecito Estates Public Improvement District, New Mexico, Special Levee Revenue Bonds, Series
|
10/17 at 100.00
|
N/R
|
499,720
|
|
|
2007, 7.000%, 10/01/37
|
|
|
|
965
|
|
New Mexico Hospital Equipment Loan Council, First Mortgage Revenue Bonds, La Vida LLena
|
7/20 at 100.00
|
BBB
|
1,035,570
|
|
|
Project, Series 2010A, 5.875%, 7/01/30
|
|
|
|
1,450
|
|
Total New Mexico
|
|
|
1,535,290
|
|
|
New York – 3.0% (2.6% of Total Investments)
|
|
|
|
|
|
New York City Industrial Development Agency, New York, American Airlines-JFK International
|
|
|
|
|
|
Airport Special Facility Revenue Bonds, Series 2005:
|
|
|
|
1,000
|
|
7.500%, 8/01/16 (Alternative Minimum Tax)
|
No Opt. Call
|
N/R
|
1,055,620
|
1,000
|
|
7.625%, 8/01/25 (Alternative Minimum Tax)
|
8/16 at 101.00
|
N/R
|
1,055,720
|
1,000
|
|
8.000%, 8/01/28
|
8/16 at 101.00
|
N/R
|
1,066,440
|
|
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bronx
|
|
|
|
|
|
Parking Development Company, LLC Project, Series 2007:
|
|
|
|
500
|
|
5.750%, 10/01/37
|
10/17 at 100.00
|
N/R
|
266,470
|
2,000
|
|
5.875%, 10/01/46
|
10/17 at 102.00
|
N/R
|
1,065,220
|
1,030
|
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
|
7/16 at 101.00
|
N/R
|
1,006,053
|
|
|
Needs Facilities Pooled Program, Series 2008A-1, 5.800%, 7/01/23
|
|
|
|
|
|
New York Liberty Development Corporation, Second Priority Liberty Revenue Refunding Bonds,
|
|
|
|
|
|
Bank of America Tower at One Bryant Park Project, Tender Option Bond Trust PT4704:
|
|
|
|
250
|
|
17.865%, 1/15/44 (IF) (4)
|
1/20 at 100.00
|
AA
|
358,920
|
625
|
|
17.865%, 1/15/44 (IF) (4)
|
1/20 at 100.00
|
AA
|
897,300
|
265
|
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
|
12/20 at 100.00
|
BBB–
|
300,923
|
|
|
Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/42
|
|
|
|
7,670
|
|
Total New York
|
|
|
7,072,666
|
|
|
North Carolina – 1.8% (1.6% of Total Investments)
|
|
|
|
1,970
|
|
Albemarle Hospital Authority, North Carolina, Health Care Facilities Revenue Bonds, Series
|
10/17 at 100.00
|
N/R
|
1,991,138
|
|
|
2007, 5.250%, 10/01/38
|
|
|
|
|
|
North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond,
|
|
|
|
|
|
Meredith College, Series 2008A:
|
|
|
|
1,000
|
|
6.000%, 6/01/31
|
6/18 at 100.00
|
BBB
|
1,108,840
|
1,000
|
|
6.125%, 6/01/35
|
6/18 at 100.00
|
BBB
|
1,104,870
|
3,970
|
|
Total North Carolina
|
|
|
4,204,848
|
|
|
Ohio – 1.9% (1.7% of Total Investments)
|
|
|
|
500
|
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
|
6/17 at 100.00
|
BB
|
407,110
|
|
|
Bonds, Senior Lien, Series 2007A-2, 5.750%, 6/01/34
|
|
|
|
1,700
|
|
Lorain County Port Authority, Ohio, Recovery Zone Facility Economic Development Revenue Bonds,
|
12/20 at 100.00
|
BB
|
1,881,050
|
|
|
United State Steel Corporation Project, Series 2010, 6.750%, 12/01/40
|
|
|
|
1,250
|
|
Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System
|
No Opt. Call
|
Aa2
|
1,870,550
|
|
|
Obligated Group, Tender Option Bond Trust 3551, 20.132%, 1/01/17 (IF)
|
|
|
|
2,000
|
|
Western Reserve Port Authority, Ohio, Solid Waste Facility Revenue Bonds, Central Waste Inc.,
|
7/17 at 102.00
|
N/R
|
280,240
|
|
|
Series 2007A, 6.350%, 7/01/27 (Alternative Minimum Tax) (6)
|
|
|
|
5,450
|
|
Total Ohio
|
|
|
4,438,950
|
|
|
Oklahoma – 1.1% (0.9% of Total Investments)
|
|
|
|
1,000
|
|
Fort Sill Apache Tribe of Oklahoma Economic Development Authority, Gaming Enterprise Revenue
|
8/21 at 100.00
|
N/R
|
1,066,540
|
|
|
Bonds, Fort Sill Apache Casino, Series 2011A, 8.500%, 8/25/26
|
|
|
|
320
|
|
Tulsa Municipal Airport Trust, Oklahoma, Revenue Bonds, American Airlines Inc., Series 1995,
|
12/12 at 100.00
|
N/R
|
326,400
|
|
|
6.250%, 6/01/20
|
|
|
|
1,000
|
|
Tulsa Municipal Airport Trust, Oklahoma, Revenue Refunding Bonds, American Airlines Inc.,
|
No Opt. Call
|
N/R
|
1,148,320
|
|
|
Series 2000A, 7.750%, 6/01/35 (Mandatory put 12/01/14)
|
|
|
|
2,320
|
|
Total Oklahoma
|
|
|
2,541,260
|
|
|
Pennsylvania – 2.8% (2.4% of Total Investments)
|
|
|
|
500
|
|
Allegheny Country Industrial Development Authority, Pennsylvania, Environmental Improvement
|
11/19 at 100.00
|
BB
|
547,525
|
|
|
Revenue Bonds, United States Steel Corporation Project, Refunding Series 2009, 6.750%, 11/01/24
|
|
|
|
1,000
|
|
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, West Penn
|
11/17 at 100.00
|
B+
|
820,860
|
|
|
Allegheny Health System, Series 2007A, 5.375%, 11/15/40
|
|
|
|
1,010
|
|
Chester County Industrial Development Authority, Pennsylvania, Avon Grove Charter School
|
12/17 at 100.00
|
BBB–
|
1,052,208
|
|
|
Revenue Bonds, Series 2007A, 6.375%, 12/15/37
|
|
|
|
185
|
|
Montgomery County Industrial Development Authority, Pennsylvania, FHA Insured Mortgage Revenue
|
8/20 at 100.00
|
AA
|
296,400
|
|
|
Bonds, New Regional Medical Center Project, Tender Option Bond Trust 62B, 19.596%, 8/01/38 (IF) (4)
|
|
|
|
2,115
|
|
Pennsylvania Economic Development Finance Authority, Solid Waste Disposal Revenue Bonds (USG
|
12/12 at 100.00
|
B–
|
2,052,185
|
|
|
Corporation Project) Series 1999, 6.000%, 6/01/31 (Alternative Minimum Tax)
|
|
|
|
1,000
|
|
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Tender Option Bond
|
4/19 at 100.00
|
AA+
|
1,294,880
|
|
|
Trust 4657, 15.822%, 10/01/29 (IF) (4)
|
|
|
|
395
|
|
Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Health System
|
5/20 at 100.00
|
AA
|
433,516
|
|
|
Revenue Bonds, Jefferson Health System, Series 2010B, 5.000%, 5/15/40 (4)
|
|
|
|
6,205
|
|
Total Pennsylvania
|
|
|
6,497,574
|
|
|
Puerto Rico – 0.0% (0.0% of Total Investments)
|
|
|
|
20
|
|
Puerto Rico Ports Authority, Special Facilities Revenue Bonds, American Airlines Inc., Series
|
12/12 at 100.00
|
N/R
|
13,041
|
|
|
1996A, 6.250%, 6/01/26 (Alternative Minimum Tax) (6)
|
|
|
|
|
|
Rhode Island – 0.3% (0.2% of Total Investments)
|
|
|
|
500
|
|
Rhode Island Health & Educational Building Corporation, Health Facilities Revenue Bonds,
|
1/21 at 100.00
|
N/R
|
587,300
|
|
|
Tockwotton Home, Series 2011, 8.375%, 1/01/46
|
|
|
|
|
|
South Carolina – 1.1% (0.9% of Total Investments)
|
|
|
|
3,477
|
|
Lancaster County, South Carolina, Special Assessment Bonds, Edgewater II Improvement District,
|
No Opt. Call
|
N/R
|
1,743,368
|
|
|
Series 2007B, 7.700%, 11/01/17 (6)
|
|
|
|
625
|
|
South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Palmetto Health,
|
8/21 at 100.00
|
AA–
|
757,663
|
|
|
Refunding Series 2011A, 6.500%, 8/01/39 – AGM Insured
|
|
|
|
4,102
|
|
Total South Carolina
|
|
|
2,501,031
|
|
|
Tennessee – 1.1% (1.0% of Total Investments)
|
|
|
|
500
|
|
Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds,
|
7/20 at 100.00
|
BBB+
|
593,225
|
|
|
Mountain States Health Alliance, Refunding Series 2010A, 6.500%, 7/01/38
|
|
|
|
|
|
Sumner County Health, Educational, and Housing Facilities Board, Tennessee, Revenue Refunding
|
|
|
|
|
|
Bonds, Sumner Regional Health System Inc., Series 2007:
|
|
|
|
1,500
|
|
5.500%, 11/01/37 (6)
|
11/17 at 100.00
|
N/R
|
29,985
|
1,000
|
|
5.500%, 11/01/46 (6)
|
11/17 at 100.00
|
N/R
|
19,990
|
1,824
|
|
The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006B, 5.625%, 9/01/26
|
No Opt. Call
|
BBB
|
1,958,082
|
4,824
|
|
Total Tennessee
|
|
|
2,601,282
|
|
|
Texas – 6.8% (6.0% of Total Investments)
|
|
|
|
1,000
|
|
Alliance Airport Authority, Texas, Special Facilities Revenue Bonds, American Airlines Inc.,
|
12/12 at 100.00
|
N/R
|
652,380
|
|
|
Series 2007, 5.750%, 12/01/29 (Alternative Minimum Tax) (6)
|
|
|
|
500
|
|
Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Energy Company
|
No Opt. Call
|
CC
|
377,245
|
|
|
LLC, Series 2003A, 6.750%, 4/01/38 (Mandatory put 4/01/13) (Alternative Minimum Tax)
|
|
|
|
250
|
|
Central Texas Regional Mobility Authority, Senior Lien Revenue Bonds, Series 2011,
|
1/21 at 100.00
|
BBB–
|
290,075
|
|
|
6.000%, 1/01/41
|
|
|
|
2,100
|
|
Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Tejano Center
|
2/18 at 100.00
|
BBB–
|
2,438,856
|
|
|
for Community Concerns, Inc.-Raul Yzaguirre School for Success, Refunding Series 2009A,
|
|
|
|
|
|
8.750%, 2/15/28
|
|
|
|
10
|
|
Dallas-Ft. Worth International Airport Facility Improvement Corporation, Texas, Revenue Bonds,
|
11/12 at 100.00
|
N/R
|
4,664
|
|
|
American Airlines Inc., Series 1999, 6.375%, 5/01/35 (Alternative Minimum Tax) (6)
|
|
|
|
2,910
|
|
Danbury Higher Education Authority Inc., Texas, Golden Rule Charter School Revenue Bonds,
|
2/18 at 100.00
|
BB+
|
2,989,996
|
|
|
Series 2008A, 6.500%, 8/15/38
|
|
|
|
965
|
|
Hidalgo Willacy Housing Finance Corporation, Texas, Multifamily Housing Revenue Bonds,
|
1/14 at 102.00
|
N/R
|
988,073
|
|
|
Heritage Square Apartments Project, Series 2003A, 7.000%, 1/01/39
|
|
|
|
1,330
|
|
La Vernia Higher Education Financing Corporation, Texas, Education Revenue Bonds, Amigos Por
|
2/16 at 100.00
|
N/R
|
1,358,156
|
|
|
Vida Friends For Life Public Charter School, Series 2008, 6.375%, 2/15/37
|
|
|
|
335
|
|
North Texas Tollway Authority, Second Tier System Revenue Refunding Bonds, Series 2008F,
|
1/18 at 100.00
|
A3
|
368,333
|
|
|
5.750%, 1/01/38
|
|
|
|
2,000
|
|
Sabine River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Energy Company
|
8/13 at 101.00
|
CC
|
200,500
|
|
|
LLC Project, Series 2003B, 6.150%, 8/01/22
|
|
|
|
250
|
|
Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds, Senior
|
No Opt. Call
|
A–
|
304,148
|
|
|
Lien Series 2008D, 6.250%, 12/15/26
|
|
|
|
1,000
|
|
Texas Private Activity Bond Surface Transporation Corporation, Senior Lien Revenue Bonds, NTE
|
12/19 at 100.00
|
Baa2
|
1,203,530
|
|
|
Mobility Partners LLC North Tarrant Express Managed Lanes Project, Series 2009, 6.875%, 12/31/39
|
|
|
|
1,000
|
|
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, LBJ
|
6/20 at 100.00
|
Baa3
|
1,234,690
|
|
|
Infrastructure Group LLC IH-635 Managed Lanes Project, Series 2010, 7.000%, 6/30/34
|
|
|
|
955
|
|
Texas Public Finance Authority Charter School Finance Corporation, Charter School Revenue
|
12/14 at 100.00
|
BB+
|
979,782
|
|
|
Bonds, School of Excellence Education Project, Series 2004A, 7.000%, 12/01/34
|
|
|
|
2,000
|
|
Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series
|
8/12 at 100.00
|
BBB+
|
2,016,720
|
|
|
2002A, 5.750%, 8/15/38 – AMBAC Insured
|
|
|
|
550
|
|
Travis County Health Facilities Development Corporation, Texas, Revenue Bonds, Westminster
|
11/20 at 100.00
|
BB+
|
651,756
|
|
|
Manor, Series 2010, 7.000%, 11/01/30
|
|
|
|
17,155
|
|
Total Texas
|
|
|
16,058,904
|
|
|
Utah – 3.2% (2.9% of Total Investments)
|
|
|
|
|
|
Utah State Charter School Finance Authority, Charter School Revenue Bonds, Noah Webster
|
|
|
|
|
|
Academy, Series 2008A:
|
|
|
|
480
|
|
6.250%, 6/15/28
|
6/17 at 100.00
|
N/R
|
484,762
|
1,430
|
|
6.500%, 6/15/38
|
6/17 at 100.00
|
N/R
|
1,443,485
|
5,550
|
|
Utah State Charter School Finance Authority, Revenue Bonds, Summit Academy Project, Series
|
12/17 at 100.00
|
BBB–
|
5,693,523
|
|
|
2007A, 5.800%, 6/15/38
|
|
|
|
7,460
|
|
Total Utah
|
|
|
7,621,770
|
|
|
Virginia – 1.4% (1.3% of Total Investments)
|
|
|
|
3,000
|
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds,
|
6/17 at 100.00
|
B2
|
2,104,140
|
|
|
Series 2007B1, 5.000%, 6/01/47
|
|
|
|
1,000
|
|
Virginia Small Business Financing Authority, Revenue Bonds Hampton Roads Proton Beam Therapy
|
7/14 at 102.00
|
N/R
|
1,085,370
|
|
|
Institute at Hampton University, LLC Project, Series 2009, 9.000%, 7/01/39
|
|
|
|
200
|
|
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes LLC
|
1/22 at 100.00
|
BBB–
|
211,374
|
|
|
Project, Series 2012, 5.000%, 1/01/40 (Alternative Minimum Tax)
|
|
|
|
4,200
|
|
Total Virginia
|
|
|
3,400,884
|
|
|
Washington – 6.0% (5.3% of Total Investments)
|
|
|
|
2,415
|
|
FYI Properties, Washington, Lease Revenue Bonds, Washington State Department of Information
|
6/19 at 100.00
|
AA
|
3,733,687
|
|
|
Services Project, Tender Option Bond Trust 2009-14A&B, 20.067%, 6/01/34 (IF) (4)
|
|
|
|
3,600
|
|
Kalispel Indian Tribe, Washington, Priority Distribution Bonds, Series 2008, 6.750%, 1/01/38
|
1/18 at 100.00
|
N/R
|
3,145,572
|
7,000
|
|
Washington State Health Care Facilities Authority, Revenue Bonds, Northwest Hospital and
|
12/17 at 100.00
|
N/R
|
7,163,940
|
|
|
Medical Center of Seattle, Series 2007, 5.700%, 12/01/32
|
|
|
|
15
|
|
Washington State Health Care Facilities Authority, Revenue Bonds, Virginia Mason Medical
|
8/17 at 100.00
|
BBB
|
15,944
|
|
|
Center, Series 2007B, 5.750%, 8/15/37 – ACA Insured
|
|
|
|
13,030
|
|
Total Washington
|
|
|
14,059,143
|
|
|
West Virginia – 0.2% (0.2% of Total Investments)
|
|
|
|
400
|
|
Ohio County Commission, West Virginia, Special District Excise Tax Revenue Bonds, Fort Henry
|
3/16 at 100.00
|
BBB
|
420,872
|
|
|
Economic Development, Series 2006B, 5.625%, 3/01/36
|
|
|
|
|
|
Wisconsin – 2.2% (2.0% of Total Investments)
|
|
|
|
30
|
|
Green Bay Redevelopment Authority, Wisconsin, Industrial Development Revenue Bonds, Fort James
|
No Opt. Call
|
N/R
|
34,225
|
|
|
Project, Series 1999, 5.600%, 5/01/19 (Alternative Minimum Tax)
|
|
|
|
1,000
|
|
Lac Courte Oreilles Band of Lake Superior Chippewa Indians, Wisconsin, Revenue Bonds, Series
|
12/18 at 102.00
|
N/R
|
958,000
|
|
|
2006, 7.000%, 12/01/26
|
|
|
|
1,000
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Froedtert Community
|
No Opt. Call
|
AA–
|
1,444,200
|
|
|
Health, Inc. Obligated Group, Tender Option Bond Trust 3592, 18.885%, 4/01/17 (IF) (4)
|
|
|
|
1,500
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan
|
8/16 at 100.00
|
A–
|
1,773,660
|
|
|
Healthcare System, Series 2006, Trust 2187, 14.439%, 8/15/34 (IF)
|
|
|
|
1,000
|
|
Wisconsin Public Finance Authority, Revenue Bonds, SearStone Retirement Community of Cary
|
6/22 at 100.00
|
N/R
|
1,051,540
|
|
|
North Carolina, Series 2012A, 8.625%, 6/01/47
|
|
|
|
4,530
|
|
Total Wisconsin
|
|
|
5,261,625
|
$ 268,437
|
|
Total Municipal Bonds (cost $245,974,151)
|
|
|
$ 266,866,445
|
Shares
|
|
Description (1)
|
|
|
Value
|
|
|
Promissory Note – 0.0% (0.0% of Total Investments)
|
|
|
|
217,841
|
|
Confluence Energy, LLC (5), (7)
|
|
|
76,244
|
|
|
Total Promissory Note (cost $76,244)
|
|
|
76,244
|
|
|
Total Investments (cost $246,050,395) – 113.5%
|
|
|
266,942,689
|
|
|
Borrowings – (14.9)% (8), (9)
|
|
|
(35,000,000)
|
|
|
Other Assets Less Liabilities – 1.4% (10)
|
|
|
3,270,596
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 235,213,285
|