522 Fifth Avenue, New York, New York | 10036 | |
(Address of principal executive offices) | (Zip code) |
PRINCIPAL | ||||||||||||||||
AMOUNT IN | COUPON | MATURITY | ||||||||||||||
THOUSANDS | RATE | DATE | VALUE | |||||||||||||
Tax-Exempt Municipal Bonds (103.7%) |
||||||||||||||||
Alabama (1.0%) |
||||||||||||||||
$ | 500 | Colbert County Northwest Health Care Authority, Helen Keller Hospital Ser 2003 |
5.75 | % | 06/01/27 | $ | 417,065 | |||||||||
200 | Cullman Medical Clinic Board, Cullman Medical Park South, Regional Medical Center, Inc.Ser 1993-A |
6.50 | 02/15/23 | 185,176 | ||||||||||||
602,241 | ||||||||||||||||
Arizona (3.6%) |
||||||||||||||||
650 | Pima County Industrial Development Authority, Constellation Schools Ser 2008 |
7.00 | 01/01/38 | 496,912 | ||||||||||||
1,000 | Pima County Industrial Development Authority, Noah Webster Basic School Ser 2004 A |
6.125 | 12/15/34 | 754,520 | ||||||||||||
400 | Pima County Industrial Development Authority, Water and Wastewater Global Water Resources LLC
Ser 2007 (AMT) |
6.55 | 12/01/37 | 402,292 | ||||||||||||
400 | Pima County Industrial Development Authority, Water and Wastewater Global Water Resources LLC |
6.00 | 05/01/29 | 290,460 | ||||||||||||
250 | Pinal County Electrical District #4, Electric System Ser 2008 |
6.00 | 12/01/38 | 214,053 | ||||||||||||
2,158,237 | ||||||||||||||||
California (4.7%) |
||||||||||||||||
885 | California County Tobacco Securitization Agency, Gold County Settlement Funding Corp Ser 2006 (e) |
0.00 | 06/01/33 | 82,686 | ||||||||||||
200 | California Municipal Finance Authority Educational Facility, High Tech High-Media Arts Ser 2008 A (b) |
5.875 | 07/01/28 | 148,152 | ||||||||||||
500 | California Statewide Communities Development Authority, Lancer Educational Student Housing LLC Ser 2007 |
5.625 | 06/01/33 | 318,980 | ||||||||||||
200 | California Statewide Communities Development Authority, Thomas Jefferson School of Law Ser 2008 A |
7.25 | 10/01/38 | 166,318 | ||||||||||||
475 | Carlsbad Community Facilities District #3 Ser 2006 |
5.30 | 09/01/36 | 328,144 | ||||||||||||
1,600 | Golden State Tobacco Securitization Corporation, Asset Backed Ser 2007 A-1 |
5.125 | 06/01/47 | 866,016 | ||||||||||||
450 | Quechan Indian Tribe FT Yuma Indian Reservation Ser 2008 |
7.00 | 12/01/27 | 315,099 | ||||||||||||
700 | San Diego County, San Diego Natural History Museum (COPs) |
5.60 | 02/01/18 | 581,539 | ||||||||||||
5,000 | Silicon Valley Tobacco Securitization Authority, Santa Clara Tobacco Securitization Corp Ser 2007 C (e) |
0.00 | 06/01/56 | 31,200 | ||||||||||||
2,838,134 | ||||||||||||||||
Colorado (3.3%) |
||||||||||||||||
250 | Colorado Health Facilities Authority, Christian Living Communities Ser 2009 A |
9.00 | 01/01/34 | 256,998 | ||||||||||||
500 | Colorado Health Facilities Authority, Christian Living Communities Ser 2006 A |
5.75 | 01/01/37 | 358,875 | ||||||||||||
1,000 | Copperleaf Metropolitan District # 2 Ser 2006 |
5.95 | 12/01/36 | 559,140 | ||||||||||||
500 | Elk Valley Public Improvement Corporation Ser 2001 A |
7.30 | 09/01/22 | 442,565 | ||||||||||||
500 | Elk Valley Public Improvement Corporation Ser 2001 A |
7.35 | 09/01/31 | 403,765 | ||||||||||||
2,021,343 | ||||||||||||||||
Connecticut (1.2%) |
||||||||||||||||
1,000 | Georgetown Special Taxing District Ser 2006 A (b) |
5.125 | 10/01/36 | 462,020 | ||||||||||||
500 | Mashantucket (Western) Pequot Tribe, Special Ser 2007 A (b) |
6.50 | 09/01/31 | 287,420 | ||||||||||||
749,440 | ||||||||||||||||
District of Columbia (1.5%) |
||||||||||||||||
300 | District of Columbia, Refg Ser 2009B (a) |
5.00 | 12/01/25 | 315,701 | ||||||||||||
605 | Metropolitan Washington Airports Authority, District of Columbia & Virginia, CaterAir International Corp
Ser 1991 (AMT) (c) |
10.125 | 09/01/11 | 589,663 | ||||||||||||
905,364 | ||||||||||||||||
Florida (17.1%) |
||||||||||||||||
500 | Alachua County Industrial Development, North Florida Retirement Village Ser 2007 |
5.875 | 11/15/36 | 352,190 | ||||||||||||
470 | Bellalago Educational Facilities Benefits District, Bellalago Charter School Ser 2004 B |
5.80 | 05/01/34 | 348,909 | ||||||||||||
295 | Brevard County Health Facilities Authority, Buena Vida Estates, Inc Ser 2007 |
6.75 | 01/01/37 | 232,835 | ||||||||||||
1550 | Broward County Professional Sports Facilities, Civic Arena Refg 2006 A (FSA AMBAC Insd) (a) |
5.00 | 09/01/23 | 1,566,614 | ||||||||||||
490 | Fiddlers Creek Community Development District #1 Ser 2005 |
6.00 | 05/01/38 | 314,703 | ||||||||||||
250 | Fountainbleau Lakes Community Development District Ser 2007 B |
6.00 | 05/01/15 | 158,250 | ||||||||||||
1,000 | Grand Bay at Doral Community Development District Ser 2007 A |
6.00 | 05/01/39 | 512,720 | ||||||||||||
250 | Miami Beach Health Facilities Authority, Mount Sinai Medical Center Refg Ser 2004 |
6.75 | 11/15/21 | 210,215 | ||||||||||||
1,000 | Midtown Miami Community Development District, Parking Garage Ser 2004 A |
6.25 | 05/01/37 | 672,040 | ||||||||||||
1,100 | Orange County Health Facilities Authority, Orlando Lutheran Towers Inc Ser 2005 |
5.375 | 07/01/20 | 861,124 | ||||||||||||
2,000 | Orange County Health Facilities Authority, Westminister Community Care Services Inc Ser 1999 |
6.75 | 04/01/34 | 1,599,900 | ||||||||||||
1,000 | Pinellas County Health Facilities Authority, Oaks of Clearwater Ser 2004 |
6.25 | 06/01/34 | 871,970 | ||||||||||||
1,500 | South Miami Health Facilities Authority, Baptist Health South Florida Obligated Group Ser 2007 (a) |
5.00 | 08/15/32 | 1,376,782 | ||||||||||||
1,000 | St Johns County Industrial Development Authority, Glenmoor Ser 1999 A |
8.00 | 01/01/10 | (d) | 1,053,840 | |||||||||||
300 | Tolomato Community Development District, Special Assessment Ser 2007 |
6.55 | 05/01/27 | 217,626 | ||||||||||||
10,349,718 | ||||||||||||||||
Georgia (0.6%) |
||||||||||||||||
500 | Atlanta, Eastside Ser 2005 B |
5.60 | 01/01/30 | 366,295 | ||||||||||||
Hawaii (1.1%) |
||||||||||||||||
640 | Hawaii Ser 2008 DK (a) |
5.00 | 05/01/23 | 687,404 | ||||||||||||
PRINCIPAL | ||||||||||||||||
AMOUNT IN | COUPON | MATURITY | ||||||||||||||
THOUSANDS | RATE | DATE | VALUE | |||||||||||||
Illinois (6.0%) |
||||||||||||||||
500 | Bolingbrook, Sales Tax Ser 2005 |
6.25 | 01/01/24 | 253,700 | ||||||||||||
375 | Bolingbrook, Will & Dupage Counties Special Service Area #2005-1 Ser 2005 |
5.90 | 03/01/27 | 263,010 | ||||||||||||
500 | Chicago Lake Shore East Ser 2002 |
6.75 | 12/01/32 | 382,415 | ||||||||||||
260 | Hampshire Special Service Area #18 Ser 2007 A |
6.00 | 03/01/44 | 131,284 | ||||||||||||
500 | Illinois Finance Authority, Elmhurst Memorial Healthcare Ser 2008 A |
5.625 | 01/01/37 | 418,705 | ||||||||||||
500 | Illinois Finance Authority, Landing at Plymouth Place Ser 2005 A |
6.00 | 05/15/37 | 355,080 | ||||||||||||
500 | Illinois Finance Authority, Montgomery Place Ser 2006 A |
5.75 | 05/15/38 | 340,115 | ||||||||||||
750 | Illinois Health Facilities Authority, Villa St Benedict Ser 2003 A-1 |
6.90 | 11/15/33 | 330,300 | ||||||||||||
600 | Illinois Toll Highway Authority , 2008 Ser B (a) |
5.50 | 01/01/33 | 619,738 | ||||||||||||
497 | Pingree Grove Special Service Area # 7, Cambridge Lakes Ser 2006-1 |
6.00 | 03/01/36 | 317,131 | ||||||||||||
300 | Will-Kankakee Regional Development Authority, Senior Estates Supportive Living Ser 2007 ( AMT) |
7.00 | 12/01/42 | 228,969 | ||||||||||||
3,640,447 | ||||||||||||||||
Indiana (2.7%) |
||||||||||||||||
275 | Saint Joseph County, Holy Cross Village at Notre Dame Ser 2006 A |
6.00 | 05/15/26 | 218,400 | ||||||||||||
1,500 | Upland, Taylor University Ser 2002 |
6.25 | 09/01/28 | 1,403,505 | ||||||||||||
1,621,905 | ||||||||||||||||
Iowa (1.7%) |
||||||||||||||||
890 | Iowa Health Facilities Development Financing Authority, Care Initiatives Ser 1996 |
9.25 | 07/01/11 | (d) | 1,036,129 | |||||||||||
Kansas (1.5%) |
||||||||||||||||
500 | Olathe, Catholic Care Ser 2006 A |
6.00 | 11/15/38 | 356,885 | ||||||||||||
500 | Overland Park Development Corporation, Convention Center Hotel Ser 2000 A |
7.375 | 01/01/11 | (d) | 551,115 | |||||||||||
908,000 | ||||||||||||||||
Louisiana (1.3%) |
||||||||||||||||
447 | Lakeshore Villages Master Community Development District, Special Assessment Ser 2007 |
5.25 | 07/01/17 | 346,774 | ||||||||||||
300 | Louisiana Public Facilities Authority, Lake Charles Memorial Hospital Refg Ser 2007 |
6.375 | 12/01/34 | 218,919 | ||||||||||||
250 | St. John Baptist Parish, Marathon Oil Corporation Ser 2007 A |
5.125 | 06/01/37 | 211,468 | ||||||||||||
777,161 | ||||||||||||||||
Maryland (2.3%) |
||||||||||||||||
500 | Maryland Health & Higher Educational Facilities Authority, King Farm Presbyterian Community Ser 2007 A |
5.30 | 01/01/37 | 293,185 | ||||||||||||
1,235 | Maryland Industrial Development Financing Authority, Medical Waste Associates LP 1989 Ser (AMT) |
8.75 | 11/15/10 | 1,087,837 | ||||||||||||
1,381,022 | ||||||||||||||||
Massachusetts (3.0%) |
||||||||||||||||
335 | Massachusetts Development Finance Agency, Kennedy-Donovan Center Inc 1990 Issue |
7.50 | 06/01/10 | 331,730 | ||||||||||||
200 | Massachusetts Development Finance Agency, Linden Ponds, Inc Facility Ser 2007 A |
5.75 | 11/15/42 | 120,526 | ||||||||||||
1,255 | Massachusetts Development Finance Agency, Loomis Communities Ser 1999 A |
5.625 | 07/01/15 | 1,165,493 | ||||||||||||
300 | Massachusetts Development Finance Authority, Evergreen Center Ser 2005 |
5.50 | 01/01/35 | 214,308 | ||||||||||||
1,832,057 | ||||||||||||||||
Michigan (1.7%) |
||||||||||||||||
250 | Dearborn Economic Development Corporation, Henry Ford Village, Inc. Refg Ser 2008 |
7.00 | 11/15/28 | 210,395 | ||||||||||||
225 | Michigan Strategic Fund Limited Obligation Revenue Refg Ser 2003 A-1 (AMT) |
6.75 | 12/01/28 | 227,547 | ||||||||||||
1,000 | Michigan Tobacco Settlement Finance Authority Ser 2007 A |
6.00 | 06/01/48 | 605,790 | ||||||||||||
1,043,732 | ||||||||||||||||
Minnesota (1.8%) |
||||||||||||||||
200 | Brooklyn Park, Prairie Seeds Academy Ser 2009A |
9.25 | 03/01/39 | 206,852 | ||||||||||||
500 | Buffalo, Central Minnesota Senior Housing Ser 2006 A |
5.50 | 09/01/33 | 350,750 | ||||||||||||
300 | Minneapolis Health Care System, Fairview Health services Ser 2008A |
6.75 | 11/15/32 | 315,270 | ||||||||||||
250 | North Oaks, Presbyterian Homes of North Oaks Ser 2007 |
6.125 | 10/01/39 | 202,433 | ||||||||||||
1,075,305 | ||||||||||||||||
Mississippi (0.3%) |
||||||||||||||||
200 | Mississippi Business Finance Corporation, System Energy Resources, Inc. Ser 1998 |
5.875 | 04/01/22 | 181,904 | ||||||||||||
Missouri (3.6%) |
||||||||||||||||
250 | Branson Regional Airport Transportation Development District Ser 2007 B (AMT) |
6.00 | 07/01/37 | 160,170 | ||||||||||||
1,000 | Des Peres, West County Center Ser 2002 |
5.75 | 04/15/20 | 852,460 | ||||||||||||
1,000 | Kansas City Industrial Development Authority, Plaza Library Ser 2004 |
5.90 | 03/01/24 | 797,340 | ||||||||||||
250 | St Louis County Industrial Development Authority, St Andrews Resources for Seniors Ser 2007 A |
6.375 | 12/01/41 | 180,175 | ||||||||||||
250 | St. Louis Industrial Development Authority, Ranken-Jordan Refg Ser 2007 |
5.00 | 11/15/22 | 166,273 | ||||||||||||
2,156,418 | ||||||||||||||||
Nevada (1.9%) |
||||||||||||||||
490 | Clark County Special Improvement District #142, Mountains Edge Ser 2003 |
6.375 | 08/01/23 | 378,931 | ||||||||||||
1,000 | Director of the State of Nevada, Department of Business and Industry, Las Vegas Monorail 2nd Tier Ser 2000 |
7.375 | 01/01/40 | 50,000 | ||||||||||||
500 | Henderson Local Improvement District #T-18 Ser 2006 |
5.30 | 09/01/35 | 179,980 | ||||||||||||
250 | Las Vegas Redevelopment Agency Ser 2009A |
8.00 | 06/15/30 | 262,942 | ||||||||||||
300 | Sparks Local Improvement District #3 Ser 2008 |
6.50 | 09/01/20 | 249,363 | ||||||||||||
1,121,216 | ||||||||||||||||
PRINCIPAL | ||||||||||||||||
AMOUNT IN | COUPON | MATURITY | ||||||||||||||
THOUSANDS | RATE | DATE | VALUE | |||||||||||||
New Jersey (5.4%) |
||||||||||||||||
1,000 | New Jersey Economic Development Authority, Franciscan Oaks Ser 1997 |
5.70 | 10/01/17 | 866,500 | ||||||||||||
1,000 | New Jersey Economic Development Authority, Franciscan Oaks Ser 1997 |
5.75 | 10/01/23 | 764,190 | ||||||||||||
500 | New Jersey Economic Development Authority, Lions Gate Ser 2005 A |
5.875 | 01/01/37 | 369,520 | ||||||||||||
500 | New Jersey Economic Development Authority, The Presbyterian Home at Montgomery Ser 2001 A |
6.25 | 11/01/20 | 420,855 | ||||||||||||
1,000 | New Jersey Health Care Facilities Financing Authority, Raritan Bay Medical Center Ser 1994 |
7.25 | 07/01/27 | 831,920 | ||||||||||||
3,252,985 | ||||||||||||||||
New York (2.0%) |
||||||||||||||||
500 | Mount Vernon Industrial Development Agency, Meadowview at the Wartburg Ser 1999 |
6.20 | 06/01/29 | 415,570 | ||||||||||||
325 | Nassau County Industrial Development Agency, Continuing Care Retirement Community Revenue,
Amsterdam at Harborside Project Ser 2007 A |
6.50 | 01/01/27 | 255,847 | ||||||||||||
500 | New York City Industrial Development Agency, 7 World Trade Center LLC Ser 2005 A |
6.50 | 03/01/35 | 359,705 | ||||||||||||
250 | New York City Industrial Development Agency Civic Facility, Polytechnic University Refg
Ser 2007 (ACA Insd) |
5.25 | 11/01/37 | 196,498 | ||||||||||||
1,227,620 | ||||||||||||||||
North Carolina (0.2%) |
||||||||||||||||
200 | North Carolina Medical Care Commission Health Care Facilities, Pennybyrn at Maryfield Ser 2005 A |
6.125 | 10/01/35 | 142,184 | ||||||||||||
North Dakota (0.3%) |
||||||||||||||||
250 | Ward County, Health Care Facilities Trinity Obligated Group Ser 2006 |
5.125 | 07/01/29 | 196,343 | ||||||||||||
Ohio (2.7%) |
||||||||||||||||
1,000 | Buckeye Tobacco Settlement Financing Authority, Asset-Backed Ser 2007 A-2 |
5.875 | 06/01/30 | 710,640 | ||||||||||||
300 | Centerville Health Care, Bethany Lutheran Village Ser 2007 A |
6.00 | 11/01/38 | 211,782 | ||||||||||||
450 | Cuyahoga County Health Care & Independent Living Facilities, Eliza Jennings Senior Care Ser 2007 A |
5.75 | 05/15/27 | 319,586 | ||||||||||||
225 | Ohio State Air Quality Development |
5.625 | 06/01/18 | 225,895 | ||||||||||||
200 | Tuscarawas County Hospital Facilities, The Twin City Hospital Ser 2007 |
6.35 | 11/01/37 | 151,634 | ||||||||||||
1,619,537 | ||||||||||||||||
Oklahoma (2.4%) |
||||||||||||||||
300 | Chickasaw Nation Health Systems Ser 2007 |
6.25 | 12/01/32 | 251,781 | ||||||||||||
250 | Citizen Potawatomi Nation Senior Obligation Tax Revenue, Ser 2004 A |
6.5 | 09/01/16 | 238,540 | ||||||||||||
1,000 | Oklahoma Development Finance Authority, Comanche County Hospital 2000 Ser B |
6.60 | 07/01/31 | 947,930 | ||||||||||||
1,438,251 | ||||||||||||||||
Pennsylvania (5.7%) |
||||||||||||||||
1,100 | Allegheny County Hospital Development Authority, West Penn Ser 2007 A |
5.375 | 11/15/40 | 656,315 | ||||||||||||
500 | Allegheny County Redevelopment Authority, Pittsburgh Mills Ser 2004 |
5.60 | 07/01/23 | 383,095 | ||||||||||||
750 | Bucks County Industrial Development Authority, Anns Choice Ser 2005 A |
6.25 | 01/01/35 | 559,537 | ||||||||||||
500 | Harrisburg Authority, Harrisburg University of Science & Technology Ser 2007 B |
6.00 | 09/01/36 | 395,950 | ||||||||||||
500 | Montgomery County Industrial Development Authority, Whitemarsh Community Ser 2005 |
6.25 | 02/01/35 | 324,510 | ||||||||||||
500 | Pennsylvania Economic Development Financing Authority, Reliant Energy Inc Ser 2001 A (AMT) |
6.75 | 12/01/36 | 469,750 | ||||||||||||
645 | Pennsylvania Intergovernmental Coop Authority, Tax Rev. |
5.00 | 06/15/21 | 681,468 | ||||||||||||
3,470,625 | ||||||||||||||||
South Carolina (2.1%) |
||||||||||||||||
150 | Georgetown County, Environmental Improvement Revenue, International Paper Co., Refg,
2000 Ser A |
5.95 | 03/15/14 | 147,663 | ||||||||||||
750 | Myrtle Beach Tax Increment, Myrtle Beach Air Force Base Ser 2006 A |
5.30 | 10/01/35 | 423,930 | ||||||||||||
750 | South Carolina Jobs-Economic Development Authority, Wesley Commons Ser 2006 |
5.30 | 10/01/36 | 478,148 | ||||||||||||
325 | South Carolina Jobs-Economic Development Authority, Woodlands at Furman Ser 2007 A |
6.00 | 11/15/37 | 225,661 | ||||||||||||
1,275,402 | ||||||||||||||||
Tennessee (2.6%) |
||||||||||||||||
400 | Johnson City
Health and Educational Facilities Board, Mountain States Health Alliance Ser 2006 A |
5.50 | 07/01/31 | 345,160 | ||||||||||||
500 | Shelby County Health, Educational & Housing Facilities Board, Trezevant Manor Ser 2006 A |
5.75 | 09/01/37 | 383,980 | ||||||||||||
750 | Shelby County Health, Educational & Housing Facilities Board, Village at Germantown Ser 2003 A |
7.25 | 12/01/34 | 627,375 | ||||||||||||
225 | Trenton Health & Education Facilities Board Revenue, Merchant Capital LLC Ser 2009 |
9.25 | 04/01/39 | 224,780 | ||||||||||||
1,581,295 | ||||||||||||||||
Texas
(7.4%) |
||||||||||||||||
250 | AllianceAirport Authority, Inc Special Facilities, Federal Express Corporation Refg Ser
2006 (AMT) |
4.85 | 04/01/21 | 205,555 | ||||||||||||
500 | Austin Convention Enterprises Inc, Convention Center Hotel Ser 2006 B |
5.75 | 01/01/34 | 348,650 | ||||||||||||
200 | Brazos River Harbor Navigation, District of Brazoria County, The Dow Chemical Co. Ser 2002 A-4 (AMT) |
5.95 | 05/15/33 | 171,230 | ||||||||||||
500 | Decatur Hospital Authority, Wise Regional Health Ser 2004 A |
7.125 | 09/01/34 | 417,685 | ||||||||||||
500 | HFDC Central Texas Inc, Legacy at Willow Bend, Ser 2006 A |
5.75 | 11/01/36 | 330,915 | ||||||||||||
200 | Houston Airport System Special Facilities, Continental Airlines, Inc Ser 2001 E (AMT) |
6.75 | 07/01/21 | 170,310 | ||||||||||||
200 | Houston Airport System Special Facilities, Continental Airlines, Inc Ser 2001 E (AMT) |
6.75 | 07/01/29 | 162,128 | ||||||||||||
1,000 | Lubbock Health Facilities Development Corporation, Carillon Ser 2005 A |
6.50 | 07/01/26 | 775,420 | ||||||||||||
250 | Tarrant County Cultural Education Facilities Finance Corporation,
Northwest Senior Housing Corporation Edgemere Ser 2006 A |
6.00 | 11/15/36 | 195,567 | ||||||||||||
1,745 | Texas Department of Housing and Community Affairs Ser 2007 B (AMT) (a) |
5.15 | 09/01/27 | 1,739,535 | ||||||||||||
4,516,995 | ||||||||||||||||
PRINCIPAL | ||||||||||||||||
AMOUNT IN | COUPON | MATURITY | ||||||||||||||
THOUSANDS | RATE | DATE | VALUE | |||||||||||||
Utah (0.5%) |
||||||||||||||||
350 | Emery County Environmental Improvement, PacifiCorp Ser 1996 (AMT) |
6.15 | 09/01/30 | 272,997 | ||||||||||||
Virginia (4.8%) |
||||||||||||||||
2,527 | Chesterfield County Industrial Development Authority, Brandermill Woods Ser 1998 |
6.50 | 01/01/28 | 2,040,694 | ||||||||||||
1,000 | Peninsula Ports Authority of Virginia, Baptist Homes Ser 2006 C |
5.40 | 12/01/33 | 671,340 | ||||||||||||
300 | Peninsula Town Center Community Development Authority Ser 2007 |
6.45 | 09/01/37 | 218,756 | ||||||||||||
2,930,790 | ||||||||||||||||
Washington (2.4%) |
||||||||||||||||
350 | Port of Seattle Industrial Development Corporation, Northwest Airlines, Inc Ser 2001 (AMT) |
7.25 | 04/01/30 | 284,610 | ||||||||||||
250 | Washington Health Care Facilities Authority, Seattle Cancer Care Alliance Ser 2008 |
7.375 | 03/01/38 | 264,570 | ||||||||||||
280 | Washington Housing Finance Commission, FNMA Collateralized Refg Ser 1990 A |
7.50 | 07/01/23 | 275,550 | ||||||||||||
1,000 | Washington Housing Finance Commission, Skyline at First Hill Ser 2007 A |
5.625 | 01/01/38 | 631,600 | ||||||||||||
1,456,330 | ||||||||||||||||
West Virginia (0.6%) |
||||||||||||||||
425 | West Virginia Hospital Finance Authority, Thomas Health System, Inc. Ser 2008 |
6.50 | 10/01/38 | 335,414 | ||||||||||||
Wisconsin (0.6%) |
||||||||||||||||
325 | Wisconsin Health & Educational Facilities Authority, ProHealth Care, Inc. Obligated Group Ser 2009 |
6.38 | 02/15/29 | 333,785 | ||||||||||||
Wyoming (2.1%) |
||||||||||||||||
1,500 | Teton County Hospital District, St Johns Medical Center Ser 2002 |
6.75 | 12/01/27 | 1,266,854 | ||||||||||||
Total Tax-Exempt Municipal Bonds (Cost $77,612,369) |
62,770,879 | |||||||||||||||
Short-Term Tax-Exempt Municipal Obligation (0.1%) |
||||||||||||||||
Tennessee |
||||||||||||||||
100 | Clarksville Public Authority (Demand 07/01/09) (Cost $100,000) |
0.32 | 07/01/31 | 100,000 | ||||||||||||
Total Investments (Cost $77,712,369) (g) |
103.8 | % | 62,870,879 | |||||||||||||
Other Assets in Excess of Liabilities |
2.4 | 1,427,589 | ||||||||||||||
Floating Rate Note Obligations Related to Securities Held |
||||||||||||||||
(3,748 | ) | Notes with interest rates ranging from 0.26% to 0.50% at June 30, 2009 and
contractual maturities of collateral ranging from 06/15/21 to 01/01/33 (f) (Cost $(3,748,000)) |
(6.2 | ) | (3,748,000 | ) | ||||||||||
Net Assets |
100.0 | % | $ | 60,550,468 | ||||||||||||
AMT | Alternative Minimum Tax. | |
COPs | Certificates of Participation. | |
(a) | Underlying security related to inverse floater entered into by the Fund. | |
(b) | Resale is restricted to qualified institutional investors. | |
(c) | Joint exemption. | |
(d) | Prerefunded to call date shown. | |
(e) | Capital appreciation bond. | |
(f) | Floating rate note obligations related to securities held The Fund enters into transactions in which it transfers to Dealer Trusts (Dealer Trusts), fixed rate bonds in exchange for cash and residual interests in the Dealer Trusts assets and cash flows, which are in the form of inverse floating rate investments. The Dealer Trusts fund the purchases of the fixed rate bonds by issuing floating rate notes to third parties and allowing the Fund to retain residual interest in the bonds. The Fund enters into shortfall agreements with the Dealer Trusts which commit the Fund to pay the Dealer Trusts, in certain circumstances, the difference between the liquidation value of the fixed rate bonds held by the Dealer Trusts and the liquidation value of the floating rate notes held by third parties, as well as any shortfalls in interest cash flows. The residual interests held by the Fund (inverse floating rate investments) include the right of the Fund (1) to cause the holders of the floating rate notes to tender their notes at par at the next interest rate reset date, and (2) to transfer the municipal bond from the Dealer Trusts to the Fund, thereby collapsing the Dealer Trusts. The Fund accounts for the transfer of bonds to the Dealer Trusts as secured borrowings, with the securities transferred remaining in the Funds investment assets, and the related floating rate notes reflected as Fund liabilities. The notes issued by the Dealer Trusts have interest rates that reset weekly and the floating rate note holders have the option to tender their notes to the Dealer Trusts for redemption at par at each reset date. At June 30, 2009, Fund investments with a value of $6,987,242 are held by the Dealer Trusts and serve as collateral for the $3,748,000 in floating rate note obligations outstanding at that date. | |
(g) | The aggregate cost for federal income tax purposes approximates the aggregate cost for book purposes. |
ACA
|
ACA Financial Guaranty Corporation. | |
AMBAC
|
AMBAC Assurance Corporation. | |
FSA
|
Financial Security Assurance Inc. |
Fair Value Measurements at June 30, 2009 Using | ||||||||||||||||
Unadjusted | ||||||||||||||||
Quoted Prices In | Significant | Significant | ||||||||||||||
Active Market for | Other Observable | Unobservable | ||||||||||||||
Identical Investments | Inputs | Inputs | ||||||||||||||
Investment Type | Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||
Tax-Exempt Municipal Bonds |
$ | 62,770,879 | | $ | 62,770,879 | | ||||||||||
Short-Term Tax-Exempt Municipal Obligations |
100,000 | | 100,000 | | ||||||||||||
Total |
$ | 62,870,879 | | $ | 62,870,879 | | ||||||||||
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