NOT FDIC INSURED
|
OFFER NO BANK GUARANTEE | MAY LOSE VALUE | ||||
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
|
NOT A DEPOSIT | |||||
Trust
for Investment Grade Municipals |
||||||||||||
Symbol: VGM | ||||||||||||
Average Annual |
Based on |
Based on |
||||||||||
Total Returns | NAV | Market Price | ||||||||||
Since Inception (1/24/92) | 5.10 | % | 4.57 | % | ||||||||
10-year | 2.11 | 1.66 | ||||||||||
5-year | 2.50 | 2.22 | ||||||||||
1-year | 26.55 | 23.77 | ||||||||||
Based on |
Based on |
Lehman
Brothers |
|||||||||||||||||
NAV | Market Price | Municipal Bond Index | |||||||||||||||||
26.55 | % | 23.77 | % | 3.30 | % | ||||||||||||||
Ratings Allocations as of 10/31/08 (Unaudited) | ||||
AAA/Aaa
|
32.6 | % | ||
AA/Aa
|
29.2 | |||
A/A
|
10.7 | |||
BBB/Baa
|
16.7 | |||
BB/Ba
|
0.9 | |||
Non-Rated
|
9.9 | |||
Top 5 Sectors as of 10/31/08 (Unaudited) | ||||
Hospital
|
22.1 | % | ||
Public Education
|
7.7 | |||
Airports
|
6.7 | |||
General Purpose
|
6.1 | |||
Master Tobacco Settlement
|
5.9 | |||
Summary of Investments by State/Country Classification as of 10/31/08 (Unaudited) | ||||
Florida
|
21.5 | % | ||
California
|
9.8 | |||
Texas
|
9.2 | |||
New York
|
6.7 | |||
Illinois
|
6.4 | |||
Ohio
|
4.4 | |||
New Jersey
|
3.8 | |||
South Carolina
|
3.0 | |||
Michigan
|
2.6 | |||
North Carolina
|
2.6 | |||
Arizona
|
2.3 | |||
Massachusetts
|
2.3 | |||
Washington
|
2.2 | |||
Colorado
|
2.1 | |||
Georgia
|
2.0 | |||
Missouri
|
1.4 | |||
Wisconsin
|
1.3 | |||
Indiana
|
1.2 | |||
Tennessee
|
1.2 | |||
Alabama
|
1.2 | |||
District of Columbia
|
1.1 | |||
Nevada
|
1.1 | |||
Pennsylvania
|
1.0 | |||
Kansas
|
1.0 | |||
Connecticut
|
1.0 | |||
Iowa
|
0.9 | |||
Alaska
|
0.8 | |||
Maryland
|
0.7 | |||
Minnesota
|
0.5 | |||
Louisiana
|
0.5 | |||
Kentucky
|
0.5 | |||
Puerto Rico
|
0.4 | |||
Guam
|
0.4 | |||
Oklahoma
|
0.4 | |||
West Virginia
|
0.3 | |||
South Dakota
|
0.3 |
Summary of Investments by State Classification as of 10/31/08 | ||||
(continued from previous page) | ||||
U.S. Virgin Islands
|
0.3 | % | ||
Virginia
|
0.3 | |||
Rhode Island
|
0.3 | |||
Nebraska
|
0.2 | |||
Oregon
|
0.2 | |||
New Hampshire
|
0.1 | |||
Utah
|
0.1 | |||
North Dakota
|
0.1 | |||
Wyoming
|
0.1 | |||
New Mexico
|
0.1 | |||
Idaho
|
0.1 | |||
Total Investments
|
100.0 | % |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Municipal Bonds 205.2% Alabama 2.4% |
||||||||||||||
$ | 3,660 | Alabama St Brd Ed Rev & Impt Southn Univ St Cmnty Rfdg (MBIA Insd) | 5.250 | % | 07/01/20 | $ | 3,647,080 | |||||||
3,225 | Bessemer, AL Governmental Util Svc Corp Wtr Supply Rev Rfdg, Ser A (AGL Insd) (b) | 5.000 | 06/01/39 | 2,847,933 | ||||||||||
750 | Birmingham Baptist Med Ctr AL Baptist Hlth Sys, Ser A | 5.875 | 11/15/24 | 657,630 | ||||||||||
7,600 | Birmingham Baptist Med Ctr AL Spl Care Fac Fin Auth Rev Baptist Hlth Sys Inc, Ser A | 5.000 | 11/15/30 | 5,483,020 | ||||||||||
2,525 | Huntsville Redstone Vlg, AL Spl Care Fac Fin Auth Redstone Vlg Proj | 5.500 | 01/01/43 | 1,564,793 | ||||||||||
14,200,456 | ||||||||||||||
Alaska 1.6% | ||||||||||||||
950 | Alaska St Hsg Fin Corp Gen Hsg, Ser A (FGIC Insd) | 5.000 | 12/01/30 | 874,844 | ||||||||||
3,650 | Alaska St Intl Arpt Rev, Ser B (AMBAC Insd) (Prerefunded @ 10/01/12) | 5.250 | 10/01/27 | 3,930,940 | ||||||||||
1,575 | Matanuska-Susitna Boro, AK Ctf Partn Pub Safety Bldg Lease (FSA Insd) | 5.750 | 03/01/16 | 1,620,092 | ||||||||||
5,300 | Northern Tob Sec Corp Rev Bkd, Ser A | 5.000 | 06/01/46 | 2,819,600 | ||||||||||
9,245,476 | ||||||||||||||
Arizona 4.8% | ||||||||||||||
1,000 | Arizona Hlth Fac Auth Hosp Sys Rev John C Lincoln Hlth Network (Prerefunded @ 12/01/12) | 6.375 | 12/01/37 | 1,116,020 | ||||||||||
2,560 | Arizona St Trans Brd Hwy Rev, Ser B | 5.000 | 07/01/25 | 2,554,086 | ||||||||||
3,835 | Arizona St Trans Brd Hwy Rev, Ser B | 5.000 | 07/01/26 | 3,812,489 | ||||||||||
6,075 | Glendale, AZ Indl Dev Auth John C Lincoln Hlth Rfdg, Ser B | 5.000 | 12/01/37 | 4,175,834 | ||||||||||
3,050 | Glendale, AZ Indl Dev Auth Rfdg | 5.000 | 12/01/35 | 2,118,499 | ||||||||||
3,000 | Goodyear, AZ McDowell Rd Coml Corridor Impt Dist Impt (AMBAC Insd) | 5.250 | 01/01/32 | 2,706,210 | ||||||||||
3,500 | Maricopa Cnty, AZ Hosp Rev Sun Hlth Corp (Prerefunded @ 4/01/24) | 5.000 | 04/01/35 | 3,475,710 | ||||||||||
3,400 | Pima Cnty, AZ Indl Dev Auth Wtr & Wastewtr Rev Global Wtr Resh LLC Proj (AMT) | 6.550 | 12/01/37 | 2,494,546 | ||||||||||
8,500 | University of AZ Med Ctr Corp | 5.000 | 07/01/35 | 6,086,170 | ||||||||||
28,539,564 | ||||||||||||||
California 20.0% | ||||||||||||||
900 | Aliso Viejo, CA Cmnty Fac Dist Spl Tax No 2005-01 Glenwood at Aliso | 6.000 | 09/01/38 | 685,161 | ||||||||||
1,300 | Anaheim, CA Pub Fin Auth Lease Rev Pub Impt Proj, Ser C (FSA Insd) | 6.000 | 09/01/16 | 1,416,870 | ||||||||||
1,000 | California Cnty, CA Tob Agy Tob Sec Sonoma Cnty Corp Rfdg | 5.250 | 06/01/45 | 602,970 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
California (Continued) | ||||||||||||||
$ | 3,000 | California Hsg Fin Agy Rev Home Mtg, Ser G (AMT) (b) | 4.950 | % | 08/01/23 | $ | 2,449,155 | |||||||
2,000 | California Hsg Fin Agy Rev Home Mtg, Ser G (AMT) (b) | 5.050 | 02/01/29 | 1,596,560 | ||||||||||
7,300 | California Hsg Fin Agy Rev Home Mtg, Ser I (AMT) (b) | 4.800 | 08/01/36 | 5,096,641 | ||||||||||
4,800 | California Hsg Fin Agy Rev Home Mtg, Ser K (AMT) (b) | 5.300 | 08/01/23 | 4,204,560 | ||||||||||
5,500 | California Hsg Fin Agy Rev Home Mtg, Ser K (AMT) (b) | 5.450 | 08/01/28 | 4,677,860 | ||||||||||
1,500 | California Pollutn Ctl Fin Auth Solid Waste Disp Rev Waste Mgmt Inc Proj, Ser B (AMT) | 5.000 | 07/01/27 | 1,008,570 | ||||||||||
695 | California St (AMBAC Insd) | 5.125 | 10/01/27 | 662,988 | ||||||||||
1,000 | California St Dept Wtr Res Wtr Ctl Wtr Sys, Ser X (FGIC Insd) (Prerefunded @ 12/01/12) | 5.000 | 12/01/29 | 947,684 | ||||||||||
1,500 | California St Dept Wtr Res Wtr Cent Vy Proj, Ser AE (b) | 5.000 | 12/01/25 | 1,472,925 | ||||||||||
1,500 | California St Dept Wtr Res Wtr Cent Vy Proj, Ser AE (b) | 5.000 | 12/01/26 | 1,463,348 | ||||||||||
875 | California St Dept Wtr Res Wtr Cent Vy Proj, Ser AE (b) | 5.000 | 12/01/27 | 846,759 | ||||||||||
1,175 | California St Dept Wtr Res Wtr Cent Vy Proj, Ser AE (b) | 5.000 | 12/01/28 | 1,159,637 | ||||||||||
1,500 | California St Dept Wtr Res Wtr Cent Vy Proj, Ser AE (b) | 5.000 | 12/01/28 | 1,441,163 | ||||||||||
5,000 | California St Univ Rev & Co Systemwide, Ser A (AMBAC Insd) | 5.000 | 11/01/33 | 4,573,850 | ||||||||||
9,150 | California St Veterans, Ser CD (AMT) (b) | 4.600 | 12/01/32 | 6,453,404 | ||||||||||
9,015 | California Statewide Cmnty Dev Auth Rev Daughters of Charity Hlth, Ser A | 5.250 | 07/01/30 | 6,554,266 | ||||||||||
1,500 | California Statewide Cmnty Dev Auth Rev Front Porch Cmnty & Svc, Ser A (c) | 5.125 | 04/01/37 | 1,046,520 | ||||||||||
2,700 | California Statewide Cmnty Dev Auth Rev Hlth Fac Adventist Hlth, Ser A | 5.000 | 03/01/30 | 2,193,129 | ||||||||||
3,750 | California Statewide Cmnty Dev Auth Rev Hlth Fac Adventist Hlth, Ser A | 5.000 | 03/01/35 | 2,937,150 | ||||||||||
3,360 | California Statewide Cmnty Dev Auth Rev Sutter Hlth, Ser A | 5.000 | 11/15/43 | 2,731,075 | ||||||||||
600 | Daly City, CA Hsg Dev Fin Agy Mobile Home Pk Rev Third Tier Franciscan Rfdg, Ser C | 6.500 | 12/15/47 | 428,118 | ||||||||||
1,750 | Florin, CA Res Consv Dist Cap Impt Elk Grove Wtr Svc, Ser A (MBIA Insd) | 5.000 | 09/01/33 | 1,468,040 | ||||||||||
3,000 | Florin, CA Res Consv Dist Cap Impt Elk Grove Wtr Svc, Ser B (MBIA Insd) | 5.000 | 03/01/33 | 2,520,810 | ||||||||||
2,000 | Foothill/Eastern Corridor Agy CA Toll Rd Rev Cap Apprec Rfdg (MBIA Insd) | * | 01/15/17 | 1,089,620 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
California (Continued) | ||||||||||||||
$ | 10,750 | Foothill/Eastern Corridor Agy CA Toll Rd Rev Sr Lien, Ser A (d) | * | 01/01/23 | $ | 5,046,372 | ||||||||
3,000 | Fremont, CA Uni Sch Dist, Ser A (MBIA Insd) | 5.000 | % | 08/01/25 | 2,900,640 | |||||||||
11,840 | Golden St Tob Sec Corp CA Tob Settlement Rev Asset Bkd Sr, Ser A-1 | 5.750 | 06/01/47 | 7,794,035 | ||||||||||
5,000 | Golden St Tob Sec Corp CA Tob Settlement Rev Enhanced, Ser A | 5.000 | 06/01/45 | 3,611,250 | ||||||||||
1,000 | Hesperia, CA Pub Fin Auth Rev Redev & Hsg Proj, Ser A (Syncora Gtd) | 5.000 | 09/01/37 | 787,290 | ||||||||||
4,000 | Los Angeles, CA Dept Wtr & Pwr, Ser A (MBIA Insd) | 5.125 | 07/01/40 | 3,610,280 | ||||||||||
2,000 | Los Angeles, CA Wtr & Pwr Rev Pwr Sys, Ser B (FSA Insd) | 5.000 | 07/01/28 | 1,894,380 | ||||||||||
1,500 | Metropolitan Wtr Dist Southn CA Wtrwks Rev Auth, Ser B1 (MBIA Insd) | 5.000 | 10/01/33 | 1,402,710 | ||||||||||
700 | Morongo Band of Mission Indians CA Enterprise Rev Indians Enterprise Casino, Ser B (c) | 5.500 | 03/01/18 | 616,924 | ||||||||||
3,500 | Palm Springs, CA Fin Auth Lease Rev Convention Ctr Proj, Ser A (MBIA Insd) | 5.500 | 11/01/35 | 3,380,755 | ||||||||||
1,000 | Palomar Pomerado Hlthcare Dist CA Ctf Partn, Ser C (FSA Insd) (e) (f) | 7.000 | 11/01/36 | 1,000,000 | ||||||||||
3,400 | Quechan Indian Tribe Ft Yuma Indian Reservation CA & Govt Proj | 7.000 | 12/01/27 | 2,728,330 | ||||||||||
2,400 | Rancho Mirage, CA Jt Pwr Fin Auth Rev Eisenhower Med Ctr, Ser A | 5.000 | 07/01/47 | 1,784,616 | ||||||||||
1,850 | San Francisco, CA City & Cnty Arpts Commn Intl Arpt Rfdg, Ser A-4 (AMT) (a) (f) | 6.500 | 05/01/19 | 1,852,757 | ||||||||||
1,000 | Santa Clara Cnty, CA Brd Ed Ctf Partn Rfdg (MBIA Insd) | 5.000 | 04/01/25 | 935,060 | ||||||||||
3,000 | Temecula, CA Redev Agy Tax Temecula Redev Proj No 1 (MBIA Insd) | 5.250 | 08/01/36 | 2,778,510 | ||||||||||
4,700 | Tobacco Sec Auth Northn CA Tob Settlement Rev, Ser A-1 | 5.375 | 06/01/38 | 2,996,532 | ||||||||||
3,550 | Tobacco Sec Auth Northn CA Tob Settlement Rev, Ser A-1 | 5.500 | 06/01/45 | 2,235,613 | ||||||||||
3,800 | Tobacco Sec Auth Southn CA Tob Settlement, Ser A-1 | 5.000 | 06/01/37 | 2,285,700 | ||||||||||
9,650 | Tobacco Sec Auth Southn CA Tob Settlement, Ser A-1 | 5.125 | 06/01/46 | 5,675,358 | ||||||||||
1,600 | Turlock, CA Hlth Fac Rev Emanuel Med Ctr Inc | 5.375 | 10/15/34 | 1,206,336 | ||||||||||
118,252,281 | ||||||||||||||
Colorado 4.3% | ||||||||||||||
2,000 | Aurora, CO Ctf Partn (AMBAC Insd) (Prerefunded @ 12/01/10) | 5.500 | 12/01/30 | 2,125,260 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Colorado (Continued) | ||||||||||||||
$ | 3,405 | Colorado Ed & Cultural Fac Auth Rev Impt Charter Sch Rfdg (Syncora Gtd) | 5.250 | % | 12/01/23 | $ | 3,271,115 | |||||||
800 | Colorado Hlth Fac Auth Hlth & Residential Care Fac Volunteers of Amer Care, Ser A | 5.250 | 07/01/27 | 486,008 | ||||||||||
600 | Colorado Hlth Fac Auth Hlth & Residential Care Fac Volunteers of Amer Care, Ser A | 5.300 | 07/01/37 | 335,106 | ||||||||||
7,300 | Colorado Hlth Fac Auth Rev Catholic Hlth (FSA Insd) (b) | 5.000 | 09/01/36 | 6,507,038 | ||||||||||
2,000 | Colorado Hlth Fac Auth Rev Catholic Hlth Initiatives, Ser A (d) | 5.500 | 03/01/32 | 2,011,320 | ||||||||||
3,000 | Colorado Hlth Fac Auth Rev Covenant Retirement Cmnty Inc | 5.000 | 12/01/35 | 2,028,690 | ||||||||||
1,125 | Colorado Hlth Fac Auth Rev Hosp Portercare Adventist Hlth (Prerefunded @ 11/15/11) | 6.500 | 11/15/31 | 1,248,986 | ||||||||||
1,400 | Colorado Hlth Fac Auth Rev Poudre Vly CO Hlth Fac Auth Hosp, Ser A (FSA Insd) | 5.200 | 03/01/31 | 1,315,440 | ||||||||||
6 | Colorado Hsg Fin Auth Single Family Pgm Sr, Ser B1 (AMT) | 7.650 | 11/01/26 | 6,000 | ||||||||||
1,805 | Lakewood, CO Ctf Part (AMBAC Insd) (Prerefunded @ 12/01/10) | 5.300 | 12/01/16 | 1,911,892 | ||||||||||
985 | Montezuma Cnty, CO Hosp Dist Hlth Fac Enterprise Hosp Rfdg | 5.900 | 10/01/37 | 668,579 | ||||||||||
1,200 | North Range, CO Met Dist No 2 Ltd Tax | 5.500 | 12/15/37 | 804,564 | ||||||||||
2,050 | Salida, CO Hosp Dist Rev | 5.250 | 10/01/36 | 1,332,746 | ||||||||||
1,500 | University of CO Hosp Auth Rev, Ser A | 5.250 | 11/15/39 | 1,083,300 | ||||||||||
25,136,044 | ||||||||||||||
Connecticut 2.0% | ||||||||||||||
1,175 | Connecticut St Dev Auth Solid Waste Disp Fac Rev Pwr LLC Proj, Ser A (AMT) | 5.750 | 11/01/37 | 921,858 | ||||||||||
7,500 | Connecticut St Hsg Fin Auth Hsg Mtg Fin Pg Sub, Ser B-2 (AMT) | 5.100 | 05/15/38 | 5,634,000 | ||||||||||
3,580 | Connecticut St Spl Oblig Pkg Rev Bradley Intl Arpt, Ser A (ACA Insd) (AMT) | 6.600 | 07/01/24 | 2,909,359 | ||||||||||
1,000 | Hartford, CT Pkg Sys Rev, Ser A (Prerefunded @ 7/01/10) | 6.500 | 07/01/25 | 1,067,990 | ||||||||||
1,925 | Mashantucket Western Pequot Tribe CT 2006 Sub Spl Rev Bd, Ser A (c) | 5.500 | 09/01/36 | 1,298,932 | ||||||||||
11,832,139 | ||||||||||||||
District of Columbia 2.4% | ||||||||||||||
1,725 | District Columbia Rev Univ George Washington Univ, Ser B (MBIA Insd) (e) (f) | 8.830 | 09/15/29 | 1,725,000 | ||||||||||
1,150 | District Columbia Wtr & Swr Auth Pub Util Rev Rfdg Sub Lien, Ser A (AGL Insd) (b) | 5.000 | 10/01/29 | 1,065,561 | ||||||||||
2,350 | District Columbia Wtr & Swr Auth Pub Util Rev Rfdg Sub Lien, Ser A (AGL Insd) (b) | 5.000 | 10/01/34 | 2,096,564 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
District of Columbia (Continued) | ||||||||||||||
$ | 6,000 | District Columbia Wtr & Swr Auth Pub Util Rev Sub Lien (FSA Insd) | 5.500 | % | 10/01/41 | $ | 5,661,180 | |||||||
2,000 | District of Columbia Rev Friendship Pub Charter Sch Inc (ACA Insd) | 5.750 | 06/01/18 | 1,757,400 | ||||||||||
5 | District of Columbia, Ser E (FSA Insd) | 6.000 | 06/01/13 | 5,013 | ||||||||||
2,000 | Metropolitan Washington DC Arpt Auth Sys, Ser A (MBIA Insd) (AMT) | 5.250 | 10/01/32 | 1,604,160 | ||||||||||
13,914,878 | ||||||||||||||
Florida 44.1% | ||||||||||||||
1,000 | Alachua Cnty, FL Indl Dev Rev North FL Retirement Vlg | 5.250 | 11/15/17 | 794,280 | ||||||||||
1,000 | Alachua Cnty, FL Indl Dev Rev North FL Retirement Vlg | 5.875 | 11/15/36 | 683,260 | ||||||||||
500 | Alachua Cnty, FL Indl Dev Rev North FL Retirement Vlg | 5.875 | 11/15/42 | 331,165 | ||||||||||
340 | Beacon Lakes, FL Cmnty Dev FL Spl Assmt, Ser A | 6.000 | 05/01/38 | 237,704 | ||||||||||
250 | Beacon Lakes, FL Cmnty Dev FL Spl Assmt Sub, Ser B | 6.200 | 05/01/38 | 178,017 | ||||||||||
12,960 | Brevard Cnty, FL Hlth Fac Auth Hlthcare Fac Rev First Inc Proj (b) | 5.000 | 04/01/34 | 8,668,814 | ||||||||||
5,000 | Brevard Cnty, FL Hlth Fac Auth Hlthcare Fac Rev Hlth First Inc Proj | 5.000 | 04/01/34 | 3,344,300 | ||||||||||
1,800 | Brevard Cnty, FL Hlth Fac Auth Residential Care Fac Rev Buena Vida Estates Inc | 6.750 | 01/01/37 | 1,385,928 | ||||||||||
1,000 | Broward Cnty, FL Hsg Fin Auth Multi-Family Hsg Rev Pembroke Pk Apts Proj (AMT) | 5.650 | 10/01/28 | 842,850 | ||||||||||
1,000 | Broward Cnty, FL Sch Brd Ctf Partn, Ser A (FSA Insd) | 5.000 | 07/01/22 | 950,020 | ||||||||||
1,500 | Capital Tr Agy FL Rev Ft Lauderdale Proj (AMT) | 5.750 | 01/01/32 | 1,110,225 | ||||||||||
995 | Cross Creek Cmnty Dev Dist FL Spl Assmt Rev Cross Creek Comm Dev, Ser B | 5.500 | 05/01/17 | 582,791 | ||||||||||
675 | Escambia Cnty, FL Hlth Fac Auth Rev (AMBAC Insd) | 5.950 | 07/01/20 | 684,065 | ||||||||||
1,000 | Escambia Cnty, FL Util Auth Util Sys Rev (FGIC Insd) (Prerefunded @ 1/01/09) | 5.250 | 01/01/29 | 1,015,830 | ||||||||||
1,250 | Florida Agric & Mechanical Univ Rev Student Apt Fac (MBIA Insd) | 6.500 | 07/01/23 | 1,253,175 | ||||||||||
260 | Florida Hsg Fin Agy Homeownership Mtg, Ser B (AMT) | 8.595 | 11/01/18 | 283,148 | ||||||||||
2,750 | Florida Hsg Fin Agy Hsg Willow Lake Apts, Ser J-1 (AMBAC Insd) (AMT) | 5.350 | 07/01/27 | 2,329,057 | ||||||||||
430 | Florida Hsg Fin Corp Rev Homeowner Mtg, Ser 4 (FSA Insd) (AMT) | 6.250 | 07/01/22 | 437,099 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Florida (Continued) | ||||||||||||||
$ | 1,000 | Florida Hsg Fin Corp Rev Hsg Wentworth II Apts, Ser A (AMBAC Insd) (AMT) | 5.375 | % | 11/01/29 | $ | 831,200 | |||||||
5,045 | Florida Hsg Fin Corp Rev, Ser 6 (AMT) (b) | 4.625 | 07/01/31 | 3,577,182 | ||||||||||
4,690 | Florida Hsg Fin Corp Rev, Ser 6 (AMT) (b) | 4.700 | 07/01/37 | 3,187,418 | ||||||||||
8,475 | Florida Ports Fin Comm Rev St Trans Tr Fd Intermodal Pgm (MBIA Insd) (AMT) | 5.500 | 10/01/29 | 7,056,624 | ||||||||||
2,000 | Florida Ports Fin Comm Rev St Trans Tr Fd (MBIA Insd) (AMT) | 5.375 | 06/01/27 | 1,671,220 | ||||||||||
15,000 | Florida St Brd of Ed Pub Ed Cap Outlay Pub Ed Rfdg, Ser D (b) | 4.750 | 06/01/35 | 12,770,175 | ||||||||||
12,775 | Florida St Brd of Ed Cap Outlay Pub Ed Rfdg, Ser D | 5.750 | 06/01/22 | 13,220,209 | ||||||||||
4,500 | Florida St Brd of Ed Cap Outlay Pub Ed, Ser C (FGIC Insd) (Prerefunded @ 6/01/10) | 5.750 | 06/01/29 | 4,777,605 | ||||||||||
2,000 | Florida St Brd of Ed Lottery Rev, Ser A (MBIA Insd) | 5.250 | 07/01/17 | 2,042,920 | ||||||||||
5,000 | Florida St Brd of Ed Lottery Rev, Ser A (FGIC Insd) (Prerefunded @ 7/01/10) | 5.500 | 07/01/17 | 5,309,400 | ||||||||||
1,000 | Florida St Brd of Ed Lottery Rev, Ser A (FGIC Insd) (Prerefunded @ 7/01/10) | 6.000 | 07/01/14 | 1,070,010 | ||||||||||
1,000 | Florida St Brd of Ed Rev FL St Univ Hsg Fac, Ser A (MBIA Insd) | 5.000 | 05/01/29 | 932,000 | ||||||||||
4,735 | Florida St Brd of Regt Hsg Rev Univ FL (FGIC Insd) (Prerefunded @ 7/01/10) | 5.500 | 07/01/28 | 5,028,002 | ||||||||||
3,000 | Florida St Dept Trans | 5.000 | 07/01/32 | 2,855,910 | ||||||||||
7,295 | Florida St Dept Trans Tpk Rev, Ser A (b) | 5.000 | 07/01/29 | 6,813,348 | ||||||||||
1,500 | Florida St Div Bd Fin Dept Gen Svc Rev Dept Envrnmtl Preservtn 2000, Ser A (AMBAC Insd) | 5.000 | 07/01/11 | 1,502,310 | ||||||||||
2,000 | Florida St Div Bd Fin Dept Gen Svc Rev Dept Envrnmtl Preservtn 2000, Ser A (MBIA Insd) | 5.250 | 07/01/12 | 2,048,200 | ||||||||||
1,910 | Florida St Tpk Auth Tpk Rev Dept Trans Rfdg, Ser A (b) | 5.000 | 07/01/26 | 1,831,996 | ||||||||||
1,935 | Florida St Tpk Auth Tpk Rev Dept Trans Rfdg, Ser A (b) | 5.000 | 07/01/27 | 1,844,558 | ||||||||||
2,100 | Florida St Tpk Auth Tpk Rev Dept Trans Rfdg, Ser A (b) | 5.000 | 07/01/28 | 1,984,280 | ||||||||||
2,500 | Florida St Tpk Auth Tpk Rev Dept Trans Rfdg, Ser A (b) | 5.000 | 07/01/32 | 2,280,063 | ||||||||||
1,475 | Florida St Tpk Auth Tpk Rev Dept Trans, Ser B | 5.000 | 07/01/30 | 1,362,871 | ||||||||||
1,635 | Fort Myers, FL Util Rev Rfdg, Ser A (MBIA Insd) | 5.500 | 10/01/24 | 1,563,125 | ||||||||||
365 | Gainesville, FL Util Sys Rev (d) | 8.125 | 10/01/14 | 412,983 | ||||||||||
1,000 | Gramercy Farms Cmnty Dev Dist FL Spl Assmt, Ser B | 5.100 | 05/01/14 | 751,070 | ||||||||||
500 | Gulf Breeze, FL Rev Loc Govt (FGIC Insd) | 5.650 | 12/01/20 | 506,690 | ||||||||||
730 | Gulf Breeze, FL Rev Loc Govt (FGIC Insd) | 5.750 | 12/01/20 | 734,782 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Florida (Continued) | ||||||||||||||
$ | 1,000 | Gulf Breeze, FL Rev Loc Govt (FGIC Insd) | 5.800 | % | 12/01/20 | $ | 1,014,280 | |||||||
5,000 | Halifax Hosp Med Ctr FL Hosp Rev Impt Rfdg, Ser A | 5.000 | 06/01/38 | 3,421,100 | ||||||||||
5,500 | Halifax Hosp Med Ctr FL Hosp Rev Impt Rfdg, Ser A | 5.250 | 06/01/26 | 4,374,480 | ||||||||||
3,000 | Highlands Cnty, FL Hlth Fac Auth Rev Hosp Adventist/Sunbelt, Ser A (Prerefunded @ 11/15/11) | 6.000 | 11/15/31 | 3,287,370 | ||||||||||
1,285 | Highlands, FL Cmnty Dev Dist Spl Assmt | 5.550 | 05/01/36 | 845,440 | ||||||||||
750 | Hillsborough Cnty, FL Assmt Rev Capacity Assmt Spl (FSA Insd) | 5.000 | 03/01/15 | 774,728 | ||||||||||
750 | Hillsborough Cnty, FL Assmt Rev Capacity Assmt Spl (FSA Insd) | 5.000 | 09/01/15 | 774,728 | ||||||||||
1,450 | Hillsborough Cnty, FL Aviation Auth Rev, Ser A (AGL Insd) (AMT) (b) | 5.375 | 10/01/33 | 1,166,018 | ||||||||||
3,260 | Hillsborough Cnty, FL Aviation Auth Rev, Ser A (AGL Insd) (AMT) (b) | 5.500 | 10/01/38 | 2,606,240 | ||||||||||
14,150 | Hillsborough Cnty, FL Indl Dev Auth Hosp Rev Tampa Gen Hosp Proj (b) | 5.250 | 10/01/41 | 9,946,106 | ||||||||||
1,100 | Hillsborough Cnty, FL Indl Dev Auth Pollutn Ctl Rev Hillsborough Cnty Ida Rfdg (AMBAC Insd) | 5.000 | 12/01/34 | 1,108,008 | ||||||||||
1,225 | Hillsborough Cnty, FL Indl Dev Auth Pollutn Ctl Rev Tampa Elec, Ser B | 5.150 | 09/01/25 | 1,215,102 | ||||||||||
1,000 | Hillsborough Cnty, FL Indl Dev Tampa Gen Hosp Proj, Ser B | 5.250 | 10/01/28 | 764,080 | ||||||||||
1,000 | Hillsborough Cnty, FL Indl Dev Tampa Gen Hosp Proj, Ser B | 5.250 | 10/01/34 | 717,150 | ||||||||||
2,745 | Hillsborough Cnty, FL Port Dist Rev Tampa Port Auth Proj, Ser A (MBIA Insd) (AMT) | 5.375 | 06/01/27 | 2,293,749 | ||||||||||
10,000 | Hillsborough Cnty, FL Solid Waste & Res Recovery Rev, Ser A (BHAC Insd) (AMT) | 4.500 | 09/01/34 | 7,238,900 | ||||||||||
1,380 | Hollywood, FL Cmnty Redev Agy Beach Cra | 5.625 | 03/01/24 | 1,199,068 | ||||||||||
1,500 | Jacksonville, FL Econ Dev Commn Indl Dev Rev Metro Pkg Solutions Proj (ACA Insd) (AMT) | 5.500 | 10/01/30 | 1,126,350 | ||||||||||
7,000 | Lakeland, FL Elec & Wtr Rev (d) | * | 10/01/13 | 5,799,080 | ||||||||||
2,230 | Lakeland, FL Elec & Wtr Rev (d) | 5.750 | 10/01/19 | 2,345,380 | ||||||||||
5,105 | Lakeland, FL Hosp Sys Rev Lakeland Regl Hlth Sys (b) | 5.000 | 11/15/25 | 3,978,888 | ||||||||||
1,000 | Lee Cnty, FL Arpt Rev, Ser A (FSA Insd) (AMT) | 5.750 | 10/01/22 | 909,760 | ||||||||||
1,170 | Lee Cnty, FL Hsg Fin Auth Single Family Mtg Rev Multi-Cnty Pgm, Ser A (GNMA Collateralized) (AMT) | 5.000 | 03/01/39 | 862,103 | ||||||||||
2,400 | Lee Cnty, FL Indl Dev Auth Hlthcare Fac Rev Shell PT/Alliance Oblig Group | 5.125 | 11/15/36 | 1,544,688 | ||||||||||
1,000 | Lee Cnty, FL Indl Dev Auth Indl Dev Rev Lee Charter Fndtn, Ser A | 5.375 | 06/15/37 | 641,610 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Florida (Continued) | ||||||||||||||
$ | 1,000 | Leesburg, FL Hosp Rev Leesburg Regl Med Ctr Proj | 5.500 | % | 07/01/32 | $ | 771,750 | |||||||
1,025 | Main Str Cmnty Dev Dist FL Cap Impt Rev, Ser A | 6.800 | 05/01/38 | 832,956 | ||||||||||
650 | Main Str Cmnty Dev Dist FL Cap Impt Rev, Ser B | 6.900 | 05/01/17 | 591,604 | ||||||||||
3,500 | Marion Cnty, FL Hosp Dist Rev Hlth Sys Munroe Reg Impt & Rfdg | 5.000 | 10/01/34 | 2,475,655 | ||||||||||
650 | Marion Cnty, FL Hosp Dist Rev Hlth Sys Munroe Reg Impt & Rfdg (Prerefunded @ 10/01/09) | 5.500 | 10/01/29 | 678,730 | ||||||||||
1,500 | Miami Beach, FL Stormwtr Rev (MBIA Insd) | 5.250 | 09/01/25 | 1,383,180 | ||||||||||
1,460 | Miami Beach, FL Stormwtr Rev (MBIA Insd) | 5.750 | 09/01/14 | 1,514,224 | ||||||||||
1,045 | Miami Beach, FL Stormwtr Rev (MBIA Insd) | 5.750 | 09/01/15 | 1,083,811 | ||||||||||
3,200 | Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt (AGC Insd) (AMT) | 5.000 | 10/01/38 | 2,345,984 | ||||||||||
2,000 | Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt (AGC Insd) (AMT) | 5.375 | 10/01/27 | 1,672,020 | ||||||||||
4,720 | Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt (AGC Insd) (AMT) | 5.375 | 10/01/32 | 3,814,421 | ||||||||||
870 | Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt, Ser B (MBIA Insd) | 5.450 | 10/01/15 | 889,262 | ||||||||||
3,000 | Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt, Ser B (MBIA Insd) | 5.750 | 10/01/29 | 3,002,940 | ||||||||||
2,000 | Miami-Dade Cnty, FL Aviation Rev, Ser A (FSA Insd) (AMT) | 5.000 | 10/01/33 | 1,514,220 | ||||||||||
2,000 | Miami-Dade Cnty, FL Aviation, Ser A (FSA Insd) (AMT) | 5.125 | 10/01/35 | 1,524,720 | ||||||||||
2,000 | Miami-Dade Cnty, FL Ed Fac Auth Rev, Ser A (AMBAC Insd) (Prerefunded @ 4/01/10) | 5.750 | 04/01/29 | 2,116,840 | ||||||||||
940 | Midtown Miami, FL Cmnty Dev FL Spl Assmt Rev, Ser A | 6.000 | 05/01/24 | 760,375 | ||||||||||
4,250 | North Broward, FL Hosp Dist Rev Impt (Prerefunded @ 1/15/11) | 6.000 | 01/15/31 | 4,573,255 | ||||||||||
1,000 | Orange Cnty, FL Cap Rev Impt & Rfdg (AMBAC Insd) | * | 10/01/12 | 847,810 | ||||||||||
1,000 | Orange Cnty, FL Cap Rev Impt & Rfdg (AMBAC Insd) | * | 10/01/13 | 804,450 | ||||||||||
980 | Orange Cnty, FL Hlth Fac Auth Hosp Hlthcare, Ser E | 6.000 | 10/01/26 | 916,731 | ||||||||||
20 | Orange Cnty, FL Hlth Fac Auth Hosp Hlthcare, Ser E (Prerefunded @ 10/01/09) | 6.000 | 10/01/26 | 20,956 | ||||||||||
2,475 | Orange Cnty, FL Hlth Fac Auth Rev First Mtg Orlando Lutheran Tower | 5.500 | 07/01/32 | 1,637,237 | ||||||||||
1,000 | Orange Cnty, FL Hlth Fac Auth Rev Hosp Orlando Regl Hlthcare, Ser B | 5.125 | 11/15/39 | 746,780 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Florida (Continued) | ||||||||||||||
$ | 1,000 | Orange Cnty, FL Hsg Fin Auth Multi-Family Rev Mtg Hands Inc Proj, Ser A (Acquired 06/19/95, Cost $1,000,000) (g) | 7.000 | % | 10/01/25 | $ | 1,021,460 | |||||||
2,000 | Orange Cnty, FL Tourist Dev Tax Rev (AMBAC Insd) (Prerefunded @ 10/01/09) | 5.500 | 10/01/31 | 2,070,020 | ||||||||||
1,500 | Orlando & Orange Cnty Expwy Auth FL Expwy Rev Jr Lien (MBIA Insd) | 5.000 | 07/01/28 | 1,337,580 | ||||||||||
890 | Overoaks, FL Cmnty Dev Dist Cap Impt Rev, Ser A | 6.125 | 05/01/35 | 640,115 | ||||||||||
1,650 | Palm Beach Cnty, FL Hlth Fac Auth Rev Wtrford Proj | 5.875 | 11/15/37 | 1,304,028 | ||||||||||
1,000 | Palm Beach Cnty, FL Sch Brd Ctf Partn, Ser A (FGIC Insd) (Prerefunded @ 8/01/10) | 5.875 | 08/01/21 | 1,068,360 | ||||||||||
765 | Pembroke Pines, FL Cons Util Sys Rev (FGIC Insd) (d) | 6.250 | 09/01/11 | 811,596 | ||||||||||
1,500 | Pensacola, FL Arpt Rev Rfdg, Ser A (MBIA Insd) (AMT) | 6.000 | 10/01/12 | 1,515,015 | ||||||||||
1,565 | Pensacola, FL Arpt Rev Rfdg, Ser A (MBIA Insd) (AMT) | 6.125 | 10/01/18 | 1,524,717 | ||||||||||
500 | Polk Cnty, FL Sch Brd Ctf Partn Master Lease, Ser A (FSA Insd) | 5.500 | 01/01/25 | 496,785 | ||||||||||
2,000 | Port Saint Lucie, FL Spl Assmt Rev Southwest Annexation Dist, Ser 1-B (MBIA Insd) | 5.000 | 07/01/33 | 1,680,880 | ||||||||||
4,675 | Putnam Cnty, FL Dev Auth Pollutn Ctl Rev Rfdg Seminole Proj, Ser A (AMBAC Insd) | 5.350 | 03/15/42 | 4,418,576 | ||||||||||
890 | Reunion East Cmnty Dev Dist FL Spl Assmt | 5.800 | 05/01/36 | 621,852 | ||||||||||
1,000 | Saint Johns Cnty, FL Indl Dev Auth Hlthcare Glenmoor Proj, Ser A | 5.250 | 01/01/26 | 673,830 | ||||||||||
1,500 | Saint Johns Cnty, FL Indl Dev Auth Hlthcare Glenmoor Proj, Ser A | 5.375 | 01/01/40 | 910,140 | ||||||||||
2,000 | Saint Lucie Cnty, FL Sch Brd Ctf, Ser A (FSA Insd) | 5.000 | 07/01/21 | 1,957,640 | ||||||||||
750 | Saint Lucie Cnty, FL Sch Brd Ctf, Ser A (FSA Insd) | 5.000 | 07/01/23 | 723,495 | ||||||||||
600 | Seminole Tribe, FL Spl Oblig Rev, Ser A (c) | 5.250 | 10/01/27 | 458,298 | ||||||||||
1,430 | Seven Oaks, FL Cmnty Dev Dist II Spl Assmt Rev, Ser A | 5.875 | 05/01/35 | 992,320 | ||||||||||
1,000 | South Lake Cnty Hosp Dist FL South Lake Hosp Inc | 6.375 | 10/01/28 | 866,960 | ||||||||||
1,500 | South Miami, FL Hlth Fac Auth Hosp Rev Baptist Hlth South FL Group | 5.000 | 08/15/37 | 1,206,945 | ||||||||||
2,845 | South Vlg Cmnty Dev Dist FL Cap Impt Rev, Ser A | 5.700 | 05/01/35 | 2,033,862 | ||||||||||
500 | Split Pine Cmnty Dev Dist FL Spl Assmt, Ser A | 5.250 | 05/01/39 | 327,745 | ||||||||||
1,250 | Sterling Hill Cmnty Dev Dist FL Cap Impt Rev, Ser A | 6.200 | 05/01/35 | 1,009,700 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Florida (Continued) | ||||||||||||||
$ | 1,000 | Tallahassee, FL Hlth Fac Rev Tallahassee Mem Hlthcare Proj | 6.375 | % | 12/01/30 | $ | 835,410 | |||||||
1,000 | Tallahassee, FL Lease Rev FL St Univ Proj, Ser A (MBIA Insd) | 5.500 | 08/01/17 | 1,042,150 | ||||||||||
1,115 | Tallahassee, FL Lease Rev FL St Univ Proj, Ser A (MBIA Insd) | 5.500 | 08/01/19 | 1,130,499 | ||||||||||
3,000 | Tampa, FL Hosp Rev Cap Impt H Lee Moffitt, Ser A | 5.750 | 07/01/19 | 2,782,770 | ||||||||||
1,800 | Tampa, FL Hosp Rev Cap Impt H Lee Moffitt, Ser A | 5.750 | 07/01/29 | 1,511,172 | ||||||||||
300 | Tolomato Cmnty, FL Dev Dist Spl Assmt | 6.550 | 05/01/27 | 250,797 | ||||||||||
3,170 | Tolomato Cmnty, FL Dev Dist Spl Assmt | 6.650 | 05/01/40 | 2,559,046 | ||||||||||
3,500 | Village Ctr Cmnty Dev Dist FL Recreational Rev, Ser A (MBIA Insd) | 5.125 | 11/01/36 | 2,934,120 | ||||||||||
1,000 | Village Ctr Cmnty Dev Dist FL Recreational Rev, Ser A (MBIA Insd) | 5.200 | 11/01/25 | 943,940 | ||||||||||
1,000 | Village Ctr Cmnty Dev Dist FL Util Rev (FGIC Insd) (d) | 6.000 | 11/01/18 | 1,115,290 | ||||||||||
2,000 | Village Ctr Cmnty Dev Dist FL Util Rev (MBIA Insd) | 5.250 | 10/01/23 | 1,947,480 | ||||||||||
1,000 | Volusia Cnty, FL Ed Fac Auth Rev Ed Fac Embry Riddle Aero, Ser A | 5.750 | 10/15/29 | 828,380 | ||||||||||
3,000 | West Orange Hlthcare Dist FL, Ser A | 5.800 | 02/01/31 | 2,486,520 | ||||||||||
820 | West Palm Beach, FL Cmnty Redev Agy Northwood Pleasant Cmnty Redev, Ser A | 5.000 | 03/01/35 | 573,098 | ||||||||||
750 | World Comm Cmnty Dev Dist FL Spl Assmt | 5.500 | 05/01/38 | 499,343 | ||||||||||
260,664,130 | ||||||||||||||
Georgia 4.0% | ||||||||||||||
5,250 | Atlanta, GA Arpt Passenger Fac Charge Rev Gen Sub Lien, Ser C (FSA Insd) (b) | 5.000 | 01/01/33 | 4,783,538 | ||||||||||
2,000 | Atlanta, GA Arpt Passenger Fac Charge Rev Gen Sub Lien, Ser C (FSA Insd) | 5.000 | 01/01/33 | 1,822,260 | ||||||||||
1,421 | Fulton Cnty, GA Lease Rev (Acquired 12/23/94, Cost $1,420,926) (g) | 7.250 | 06/15/10 | 1,442,552 | ||||||||||
1,500 | George L Smith II GA World Congress Cent Auth Rev Domed Stadium Proj Rfdg (MBIA Insd) (AMT) | 5.500 | 07/01/20 | 1,327,920 | ||||||||||
2,635 | Georgia Muni Elec Auth Pwr Rev, Ser A (MBIA Insd) | 6.500 | 01/01/20 | 3,063,161 | ||||||||||
5,815 | Georgia Muni Elec Auth Pwr Rev, Ser Y (MBIA Insd) | 6.500 | 01/01/17 | 6,218,973 | ||||||||||
85 | Georgia Muni Elec Auth Pwr Rev, Ser Y (MBIA Insd) (Prerefunded @ 1/01/14) | 6.500 | 01/01/17 | 97,060 | ||||||||||
2,400 | Putnam Cnty, GA Dev Auth Pollutn Ctl Rev GA Pwr Co, Ser 1 | 5.100 | 06/01/23 | 2,252,232 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Georgia (Continued) | ||||||||||||||
$ | 800 | Royston, GA Hosp Auth Hosp Rev Ctf Hlthcare Sys Inc | 6.700 | % | 07/01/16 | $ | 714,816 | |||||||
2,500 | Royston, GA Hosp Auth Hosp Rev Ctf Hlthcare Sys Inc Rfdg | 6.500 | 07/01/27 | 1,982,875 | ||||||||||
23,705,387 | ||||||||||||||
Idaho 0.2% | ||||||||||||||
1,305 | Idaho Hlth Fac Auth Rev Vly Vista Care Corp Rfdg | 6.125 | 11/15/27 | 963,234 | ||||||||||
Illinois 13.1% | ||||||||||||||
1,910 | Bartlett, IL Tax Increment Rev Quarry Redev Proj Rfdg | 5.600 | 01/01/23 | 1,500,821 | ||||||||||
11,675 | Chicago, IL Brd Ed Rfdg, Ser C (FSA Insd) (b) | 5.000 | 12/01/27 | 11,284,530 | ||||||||||
2,000 | Chicago, IL Brd of Ed (FGIC Insd) (Prerefunded @ 12/01/10) | 5.500 | 12/01/31 | 2,125,260 | ||||||||||
4,400 | Chicago, IL OHare Intl Arpt Rev Gen Arpt Third Lien (AGC Insd) (b) | 5.250 | 01/01/24 | 4,340,908 | ||||||||||
11,500 | Chicago, IL OHare Intl Arpt Rev Gen Arpt Third Lien (AGC Insd) (b) | 5.250 | 01/01/25 | 11,314,793 | ||||||||||
1,500 | Chicago, IL OHare Intl Arpt Rev Gen Arpt Third Lien Rfdg, Ser C-2 (FSA Insd) (AMT) | 5.250 | 01/01/30 | 1,212,255 | ||||||||||
1,000 | Chicago, IL OHare Intl Arpt Rev Second Lien Passenger Fac, Ser B (AMBAC Insd) | 5.500 | 01/01/16 | 1,022,330 | ||||||||||
2,000 | Chicago, IL OHare Intl Arpt Rev Second Lien Passenger Fac, Ser B (AMBAC Insd) | 5.500 | 01/01/17 | 2,034,080 | ||||||||||
5,700 | Chicago, IL OHare Intl Arpt Rev, Ser A (FSA Insd) (b) | 5.000 | 01/01/33 | 5,083,773 | ||||||||||
2,370 | Chicago, IL Proj Rfdg, Ser A (MBIA Insd) (Prerefunded @ 1/01/11) | 5.000 | 01/01/31 | 2,508,052 | ||||||||||
375 | Chicago, IL Proj Rfdg, Ser C (FGIC Insd) | 5.750 | 01/01/14 | 392,936 | ||||||||||
375 | Chicago, IL Proj Rfdg, Ser C (FGIC Insd) | 5.750 | 01/01/15 | 392,936 | ||||||||||
1,000 | Chicago, IL Rfdg, Ser B (AMBAC Insd) | 5.125 | 01/01/15 | 1,028,930 | ||||||||||
3,500 | Chicago, IL, Ser A (AGL Insd) | 5.250 | 01/01/25 | 3,458,455 | ||||||||||
1,130 | Chicago, IL Proj Rfdg (MBIA Insd) (Prerefunded @ 1/01/11) | 5.000 | 01/01/31 | 1,036,380 | ||||||||||
3,500 | Du Page Cnty, IL Fst Presv Dist | * | 11/01/10 | 3,287,270 | ||||||||||
2,310 | Illinois Dev Fin Auth Rev Adventist Hlth, Ser A (MBIA Insd) | 5.500 | 11/15/13 | 2,422,081 | ||||||||||
2,500 | Illinois Dev Fin Auth Rev Adventist Hlth, Ser A (MBIA Insd) | 5.500 | 11/15/15 | 2,611,025 | ||||||||||
2,460 | Illinois Fin Auth Hosp Rev Rfdg Kishhlth Sys Oblig Group | 5.500 | 10/01/22 | 2,215,919 | ||||||||||
400 | Illinois Fin Auth Rev Christian Homes Inc Rfdg, Ser A | 5.750 | 05/15/31 | 273,396 | ||||||||||
1,000 | Illinois Fin Auth Rev IL Fin Auth Roosevelt Univ | 5.500 | 04/01/37 | 800,510 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Illinois (Continued) | ||||||||||||||
$ | 2,000 | Illinois Fin Auth Rev IL Inst of Technology, Ser A | 5.000 | % | 04/01/31 | $ | 1,532,140 | |||||||
4,500 | Illinois Fin Auth Rev Osf Hlthcare Sys, Ser A | 5.750 | 11/15/37 | 3,595,725 | ||||||||||
4,500 | Illinois Fin Auth Rev Sherman Hlth Sys 2007, Ser A | 5.500 | 08/01/37 | 3,113,280 | ||||||||||
1,330 | Illinois Fin Auth Solid Waste Rev Disp Waste Mgmt Inc Proj (AMT) | 5.050 | 08/01/29 | 845,361 | ||||||||||
1,250 | Illinois Hlth Fac Auth Rev Evangelical Hosp, Ser C (FSA Insd) | 6.750 | 04/15/17 | 1,427,350 | ||||||||||
2,275 | Illinois Hlth Fac Auth Rev South Suburban Hosp (d) | 7.000 | 02/15/18 | 2,619,435 | ||||||||||
285 | Illinois St (FGIC Insd) | 5.250 | 12/01/20 | 285,479 | ||||||||||
250 | Metropolitan Pier & Expo Auth IL Dedicated St Tax Rev McCormick Pl Expn Proj, Ser A (MBIA Insd) | 5.375 | 12/15/18 | 254,045 | ||||||||||
1,920 | University IL Univ Rev Auxiliary Fac Sys (MBIA Insd) | 4.500 | 04/01/36 | 1,525,939 | ||||||||||
775 | Will-Kankakee Regl Dev Auth IL Multi-Family Hsg Rev Sr Estates Supportive Living (AMT) | 7.000 | 12/01/42 | 620,016 | ||||||||||
1,500 | Yorkville, IL Utd City Spl Svc Area Spl Tax No 2006-113 Cannonball/Beecher | 5.750 | 03/01/28 | 1,085,910 | ||||||||||
77,251,320 | ||||||||||||||
Indiana 2.6% | ||||||||||||||
1,300 | Indiana Hlth & Ed Fac Fin Auth Hosp Rev Cmnty Fndtn Northwest IN | 5.500 | 03/01/37 | 956,904 | ||||||||||
5,600 | Indiana Hlth & Ed Fac Fin Auth Rev Ascension Hlth Sr Credit (b) | 5.000 | 11/15/36 | 4,622,072 | ||||||||||
4,000 | Indiana Hlth Fac Fin Auth Rev Deaconess Hosp, Ser A (AMBAC Insd) | 5.375 | 03/01/34 | 3,529,760 | ||||||||||
5,500 | Indiana St Hsg & Cmnty Dev Auth Single Family Mtg Rev, Ser D (GNMA Collateralized) (AMT) (b) | 4.625 | 07/01/38 | 3,671,168 | ||||||||||
1,280 | North Adams, IN Cmnty Sch Renovation Bldg Corp Cap Apprec First Mtg (FSA Insd) | * | 01/15/19 | 746,726 | ||||||||||
1,500 |
Petersburg, IN Pollutn Ctl Rev IN Pwr & Lt (AMT) |
5.950 | 12/01/29 | 1,213,680 | ||||||||||
500 | Vigo Cnty, IN Hosp Auth Rev Union Hosp Inc (c) | 5.750 | 09/01/42 | 328,560 | ||||||||||
15,068,870 | ||||||||||||||
Iowa 1.9% | ||||||||||||||
1,685 | Des Moines, IA Pub Pkg Sys, Ser A (MBIA Insd) | 5.750 | 06/01/15 | 1,730,006 | ||||||||||
1,785 | Des Moines, IA Pub Pkg Sys, Ser A (MBIA Insd) | 5.750 | 06/01/16 | 1,832,677 | ||||||||||
500 | Jefferson Cnty, IA Hosp Rev Jefferson Cnty Hosp Proj, Ser C | 5.950 | 08/01/37 | 353,955 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Iowa (Continued) | ||||||||||||||
$ | 500 | Sibley, IA Hlthcare Fac Rev Osceola Cmnty Hosp Proj | 6.000 | % | 12/01/37 | $ | 348,830 | |||||||
2,750 | Tobacco Settlement Auth IA Tob Settlement Rev Asset Bkd, Ser C | 5.375 | 06/01/38 | 1,627,120 | ||||||||||
2,750 | Tobacco Settlement Auth IA Tob Settlement Rev Asset Bkd, Ser C | 5.625 | 06/01/46 | 1,635,948 | ||||||||||
6,700 | Tobacco Settlement Auth IA Tob Settlement Rev, Ser C | 5.500 | 06/01/42 | 3,939,667 | ||||||||||
11,468,203 | ||||||||||||||
Kansas 2.0% | ||||||||||||||
2,100 | Burlington, KS Environmental Impt Rev KC Rfdg Pwr LT, Ser B (XLCA Insd) | 5.000 | 12/01/23 | 2,118,438 | ||||||||||
3,810 | Kansas St Dev Fin Auth Rev KS Proj, Ser N (AMBAC Insd) | 5.250 | 10/01/22 | 3,836,594 | ||||||||||
1,100 | Labette Cnty, KS Hosp Rev Rfdg & Impt, Ser A | 5.750 | 09/01/37 | 767,481 | ||||||||||
1,250 | Lenexa, KS Hlthcare Fac Rev Rfdg & Impt | 5.500 | 05/15/39 | 830,938 | ||||||||||
3,300 | Manhattan, KS Hlthcare Fac Rev Meadowlark Hills Retirement, Ser A | 5.000 | 05/15/24 | 2,227,533 | ||||||||||
1,650 | Manhattan, KS Hlthcare Fac Rev Meadowlark Hills Retirement, Ser A | 5.000 | 05/15/36 | 980,430 | ||||||||||
700 | Manhattan, KS Hlthcare Fac Rev Meadowlark Hills Retirement, Ser B | 5.125 | 05/15/42 | 413,238 | ||||||||||
1,075 | Olathe, KS Sr Living Fac Rev Catholic Care Campus Inc, Ser A | 6.000 | 11/15/38 | 755,284 | ||||||||||
11,929,936 | ||||||||||||||
Kentucky 1.0% | ||||||||||||||
2,300 | Kentucky Econ Dev Fin Auth Louisville Arena Proj Rev, Ser A-1 (AGL Insd) | 5.750 | 12/01/28 | 2,235,876 | ||||||||||
4,915 | Louisville & Jefferson Cnty, KY Metro Govt Hlth Sys Rev (b) | 5.250 | 10/01/36 | 3,398,084 | ||||||||||
450 | Louisville & Jefferson Cnty, KY Metro Govt Hlth Sys Rev Norton Hlthcare Inc | 5.250 | 10/01/36 | 311,103 | ||||||||||
5,945,063 | ||||||||||||||
Louisiana 1.1% | ||||||||||||||
830 | Colonial Pinnacle Cmnty Dev Dist Dev | 6.750 | 05/01/23 | 735,604 | ||||||||||
1,489 | Lakeshore Vlg Master Cmnty Dev Dist LA Spl Assmt | 5.250 | 07/01/17 | 1,242,988 | ||||||||||
2,315 | Louisiana Hsg Fin Agy Rev Azalea Estates Rfdg, Ser A (GNMA Collateralized) (AMT) | 5.375 | 10/20/39 | 1,810,191 | ||||||||||
2,750 | Rapides Fin Auth LA Rev Cleco Pwr Proj (AMT) | 5.250 | 11/01/37 | 2,609,805 | ||||||||||
6,398,588 | ||||||||||||||
Maryland 1.4% | ||||||||||||||
1,050 | Gaithersburg, MD Econ Dev Rev Asbury MD Oblig Group A | 5.125 | 01/01/36 | 735,724 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Maryland (Continued) | ||||||||||||||
$ | 1,535 | Maryland St Cmnty Dev Admin Dept Hsg & Cmnty Dev, Ser H (AMT) | 5.100 | % | 09/01/37 | $ | 1,169,394 | |||||||
2,500 | Maryland St Hlth & Higher Ed Fac Auth Rev MD Inst College of Art | 5.000 | 06/01/40 | 1,699,525 | ||||||||||
2,750 | Maryland St Hlth & Higher Ed Fac Auth Rev Mercy Med Ctr, Ser A | 5.500 | 07/01/42 | 2,108,865 | ||||||||||
2,250 | Maryland St Trans Auth Arpt Baltimore/WA Intl Arpt, Ser B (AMBAC Insd) (AMT) | 5.125 | 03/01/24 | 1,869,930 | ||||||||||
950 | Prince Georges Cnty, MD Spl Oblig Natl Harbor Proj | 5.200 | 07/01/34 | 637,602 | ||||||||||
8,221,040 | ||||||||||||||
Massachusetts 4.7% | ||||||||||||||
650 | Massachusetts St Dev Fin Agy Rev Linden Ponds Inc Fac, Ser A | 5.750 | 11/15/35 | 422,194 | ||||||||||
750 | Massachusetts St Dev Fin Agy Rev Linden Ponds Inc Fac, Ser A | 5.750 | 11/15/42 | 468,982 | ||||||||||
7,000 | Massachusetts St Hlth & Ed Fac Auth Rev Harvard Univ, Ser B (b) | 5.000 | 10/01/38 | 6,778,310 | ||||||||||
500 | Massachusetts St Hlth & Ed Fac Auth Rev Hlthcare Sys Covenant (Prerefunded @ 1/01/12) | 6.000 | 07/01/31 | 481,767 | ||||||||||
35 | Massachusetts St Hlth & Ed Fac Auth Rev Partn Hlthcare Sys, Ser C | 5.750 | 07/01/32 | 32,726 | ||||||||||
965 | Massachusetts St Hlth & Ed Fac Auth Rev Partn Hlthcare Sys, Ser C (Prerefunded @ 7/01/11) | 5.750 | 07/01/32 | 1,047,749 | ||||||||||
5,835 | Massachusetts St Hlth & Ed Fac Auth Rev Univ MA Mem Issue, Ser D | 5.000 | 07/01/33 | 3,835,346 | ||||||||||
5,015 | Massachusetts St Hsg Fin Agy Hsg Rev Single Family Hsg, Ser 126 (AMT) (b) | 4.550 | 06/01/27 | 3,693,698 | ||||||||||
1,440 | Massachusetts St Hsg Fin Agy Hsg Rev Single Family Hsg, Ser 126 (AMT) (b) | 4.700 | 06/01/38 | 974,491 | ||||||||||
1,000 |
Massachusetts St Hsg Fin Agy Hsg, Ser A (AMT) |
5.100 | 12/01/27 | 820,650 | ||||||||||
6,750 | Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev, Ser A (AMBAC Insd) (b) | 4.500 | 08/15/35 | 5,532,165 | ||||||||||
3,850 | Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev, Ser A (FSA Insd) (b) | 5.000 | 08/15/30 | 3,668,107 | ||||||||||
27,756,185 | ||||||||||||||
Michigan 5.3% | ||||||||||||||
3,015 | Detroit, MI Downtown Dev Auth Tax Increment Rev, Ser C1 | * | 07/01/17 | 1,840,778 | ||||||||||
3,050 | Detroit, MI Downtown Dev Auth Tax Increment Rev, Ser C1 | * | 07/01/18 | 1,723,128 | ||||||||||
3,050 | Detroit, MI Downtown Dev Auth Tax Increment Rev, Ser C1 | * | 07/01/19 | 1,596,797 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Michigan (Continued) | ||||||||||||||
$ | 3,050 | Detroit, MI Downtown Dev Auth Tax Increment Rev, Ser C1 | * | 07/01/22 | $ | 1,280,207 | ||||||||
3,050 | Detroit, MI Downtown Dev Auth Tax Increment Rev, Ser C1 | * | 07/01/23 | 1,191,238 | ||||||||||
3,050 | Detroit, MI Downtown Dev Auth Tax Increment Rev, Ser C1 | * | 07/01/24 | 1,102,117 | ||||||||||
3,500 | Grand Rapids, MI Downtown Dev Cap Apprec (MBIA Insd) | * | 06/01/15 | 2,526,755 | ||||||||||
2,765 | Grand Rapids, MI Downtown Dev Cap Apprec (MBIA Insd) | * | 06/01/16 | 1,873,232 | ||||||||||
2,000 | Kent Hosp Fin Auth MI Rev Metro Hosp Proj, Ser A | 6.000 | % | 07/01/35 | 1,579,660 | |||||||||
1,350 | Kent Hosp Fin Auth MI Rev Spectrum Hlth, Ser A | 5.250 | 01/15/47 | 1,349,042 | ||||||||||
600 | Kent Hosp Fin Auth MI Rev Spectrum Hlth, Ser A | 5.500 | 01/15/47 | 601,698 | ||||||||||
2,850 | Michigan St Hosp Fin Auth Rev Ascension Hlth Cr, Ser A (MBIA Insd) (Prerefunded @ 11/15/09) | 5.750 | 11/15/18 | 2,977,110 | ||||||||||
2,500 | Michigan St Strategic Fd Detroit Edison Co Proj Rfdg, Ser C (Syncora Gtd) (AMT) | 5.450 | 12/15/32 | 2,008,250 | ||||||||||
2,500 | Michigan St Strategic Fd Detroit Edison Pollutn Ctl Rfdg (AMBAC Insd) (f) | 4.850 | 09/01/30 | 2,517,075 | ||||||||||
2,250 |
Michigan St Strategic Fd Detroit Ltd Oblig Rev Detroit Edison Co
Proj Rfdg, Ser A (Syncora Gtd) (AMT) |
5.500 | 06/01/30 | 1,855,283 | ||||||||||
1,000 | Michigan St Strategic Fd Detroit Edison Polutnl Ctl Rfdg, Ser B (AMT) | 5.650 | 09/01/29 | 852,060 | ||||||||||
7,000 | Michigan Tob Settlement Fin Auth Tob Settlement Asset Sr, Ser A | 6.000 | 06/01/48 | 4,558,680 | ||||||||||
31,433,110 | ||||||||||||||
Minnesota 1.1% | ||||||||||||||
1,380 | Annandale, MN Econ Dev Auth Sr Hsg & Hlthcare Rev Annandale Care Ctr Proj, Ser A | 5.900 | 11/01/37 | 959,459 | ||||||||||
525 | Chisago, MN Hlthcare Fac Rev CDL Homes LLC Proj | 6.000 | 08/01/42 | 367,831 | ||||||||||
1,250 | Dakota Cnty, MN Cmnty Dev Agy Multi-Family Hsg Rev Commons Marice Proj Rfdg, Ser A | 5.000 | 05/01/42 | 714,575 | ||||||||||
1,000 | Meeker Cnty, MN Gross Rev Hosp Fac Mem Hosp Proj | 5.750 | 11/01/37 | 716,840 | ||||||||||
50 | Minnesota Agric & Econ Dev Brd Rev Hlthcare Sys (MBIA Insd) | 5.750 | 11/15/26 | 44,069 | ||||||||||
300 | North Oaks, MN Sr Hsg Rev Presbyterian Homes North Oaks | 6.000 | 10/01/27 | 228,402 | ||||||||||
875 | North Oaks, MN Sr Hsg Rev Presbyterian Homes North Oaks | 6.000 | 10/01/33 | 627,725 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Minnesota (Continued) | ||||||||||||||
$ | 275 | North Oaks, MN Sr Hsg Rev Presbyterian Homes North Oaks | 6.125 | % | 10/01/39 | $ | 195,038 | |||||||
2,200 | Saint Paul, MN Hsg & Redev Auth Hlthcare Fac Rev Hlth Partners Oblig Grp Proj | 5.250 | 05/15/36 | 1,523,588 | ||||||||||
1,400 | Saint Paul, MN Hsg & Redev Auth Hosp Rev Hlth East Proj | 6.000 | 11/15/35 | 1,063,440 | ||||||||||
6,440,967 | ||||||||||||||
Missouri 2.9% | ||||||||||||||
245 | Cape Girardeau Cnty, MO Indl Dev Auth Hlthcare Fac Rev Southeast MO Hosp Assoc | 5.625 | 06/01/27 | 204,906 | ||||||||||
1,700 | Cass Cnty, MO Hosp Rev | 5.625 | 05/01/38 | 1,280,219 | ||||||||||
1,250 | Cole Cnty, MO Indl Dev Auth Sr Living Fac Rev Lutheran Sr Svc Heisinger Proj | 5.500 | 02/01/35 | 1,015,812 | ||||||||||
1,625 | Jefferson Cnty, MO Reorg Sch Dist No R-6 (FGIC Insd) | 5.625 | 03/01/20 | 1,689,968 | ||||||||||
2,500 | Joplin, MO Indl Dev Auth Indl Rev Christian Homes Inc, Ser F | 5.750 | 05/15/26 | 1,756,450 | ||||||||||
1,000 | Joplin, MO Indl Dev Auth Indl Rev Christian Homes Inc Rfdg, Ser F | 5.750 | 05/15/31 | 674,270 | ||||||||||
1,265 | Maryland Heights, MO Tax Increment Rev South Heights Redev Proj Rfdg, Ser A | 5.500 | 09/01/18 | 1,091,063 | ||||||||||
1,250 | Saint Charles, MO Ctf Partn, Ser B | 5.500 | 05/01/18 | 1,244,525 | ||||||||||
1,250 | Saint Louis Cnty, MO Indl Dev Auth Sr Living Fac Rev Friendship Vlg West Cnty, Ser A | 5.375 | 09/01/21 | 1,055,275 | ||||||||||
975 | Saint Louis Cnty, MO Indl Dev Auth Sr Living Fac Rev Saint Andrews Res for Srs, Ser A | 6.375 | 12/01/30 | 731,903 | ||||||||||
2,335 | Saint Louis Cnty, MO Indl Dev Auth Sr Living Fac Rev Saint Andrews Res for Srs, Ser A | 6.375 | 12/01/41 | 1,685,006 | ||||||||||
900 | Saint Louis, MO Indl Dev Auth Tax Increment & Cmnty Impt Dist Loughborough Com Rfdg | 5.750 | 11/01/27 | 716,481 | ||||||||||
2,765 | Springfield, MO Pub Bldg Corp Leasehold Rev Springfield Branson Arpt, Ser B (AMBAC Insd) (AMT) | 4.550 | 07/01/29 | 1,991,408 | ||||||||||
3,195 | Springfield, MO Pub Bldg Corp Leasehold Rev Springfield Branson Arpt, Ser B (AMBAC Insd) (AMT) | 4.600 | 07/01/36 | 2,148,254 | ||||||||||
17,285,540 | ||||||||||||||
Nebraska 0.4% | ||||||||||||||
2,615 | Omaha Pub Dist NE Elec Rev Sub Sys, Ser A (b) | 5.000 | 02/01/34 | 2,368,144 | ||||||||||
Nevada 2.2% | ||||||||||||||
3,545 | Clark Cnty, NV Indl Dev Rev Southwest Gas Corp Proj, Ser A (BHAC Insd) (AMT) | 4.750 | 09/01/36 | 2,465,158 | ||||||||||
3,000 | Clark Cnty, NV Indl Dev Rev Southwest Gas Corp Proj, Ser A (AMBAC Insd) (AMT) | 5.250 | 07/01/34 | 1,930,680 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Nevada (Continued) | ||||||||||||||
$ | 3,500 | Clark Cnty, NV Indl Dev Southwest Gas Corp Proj, Ser D1 (MBIA Insd) (AMT) | 5.250 | % | 03/01/38 | $ | 2,211,580 | |||||||
4,100 | Nevada Hsg Div Single Family Mtg Rev, Ser A (GNMA Collateralized) (AMT) | 5.875 | 04/01/38 | 3,469,953 | ||||||||||
3,460 | Reno, NV Hosp Rev Regl Med Ctr Proj, Ser A (b) | 5.250 | 06/01/37 | 2,684,528 | ||||||||||
12,761,899 | ||||||||||||||
New Hampshire 0.3% | ||||||||||||||
1,000 | New Hampshire Hlth & Ed Fac Auth Rev Derryfield Sch (Prerefunded @ 7/01/10) | 7.000 | 07/01/30 | 853,300 | ||||||||||
950 | New Hampshire St Bus Fin Auth Wtr Fac Rev Pennichuck Wtrwks Inc (AMBAC Insd) (AMT) | 6.300 | 05/01/22 | 912,513 | ||||||||||
1,765,813 | ||||||||||||||
New Jersey 7.8% | ||||||||||||||
375 | Burlington Cnty, NJ Brdg Cmnty Econ Dev Rev The Evergreens Proj | 5.625 | 01/01/38 | 253,894 | ||||||||||
1,200 | New Jersey Econ Dev Auth Rev Cig Tax | 5.750 | 06/15/29 | 936,348 | ||||||||||
3,150 | New Jersey Econ Dev Auth Rev Cig Tax | 5.750 | 06/15/34 | 2,364,201 | ||||||||||
25,000 | New Jersey Econ Dev Auth St Contract Econ Recovery (MBIA Insd) | 5.900 | 03/15/21 | 27,046,000 | ||||||||||
2,000 | New Jersey Hlthcare Fac Fin Auth Rev Holy Name Hosp | 5.000 | 07/01/36 | 1,343,500 | ||||||||||
2,300 | New Jersey Hlthcare Fac Fin Auth Rev Saint Peters Univ Hosp Oblig | 5.750 | 07/01/37 | 1,788,365 | ||||||||||
2,095 | New Jersey St Trans Tr Fd Auth Trans Sys, Ser A | 5.750 | 06/15/17 | 2,266,015 | ||||||||||
4,500 | Tobacco Settlement Fin Corp NJ, Ser A1 | 4.750 | 06/01/34 | 2,477,790 | ||||||||||
14,000 | Tobacco Settlement Fin Corp NJ, Ser A1 (b) | 5.000 | 06/01/41 | 7,565,880 | ||||||||||
46,041,993 | ||||||||||||||
New Mexico 0.2% | ||||||||||||||
1,250 | Jicarilla, NM Apache Nation Rev, Ser A (Acquired 10/23/03, Cost $1,275,475) (g) | 5.500 | 09/01/23 | 1,231,225 | ||||||||||
New York 13.7% | ||||||||||||||
2,500 | Metropolitan Trans Auth NY Rev Rfdg, Ser A (FGIC Insd) | 5.250 | 11/15/31 | 2,261,700 | ||||||||||
13,750 | Metropolitan Trans Auth NY Rev, Ser B (BHAC Insd) | 4.500 | 11/15/36 | 11,174,213 | ||||||||||
2,400 | New York City Hsg Dev Corp Multi-Family Hsg Rev, Ser E1 (AMT) | 5.350 | 11/01/37 | 1,879,392 | ||||||||||
3,650 | New York City Indl Dev Agy Rev Liberty 7 World Trade Ctr Proj, Ser B | 6.750 | 03/01/15 | 3,140,825 | ||||||||||
16,930 | New York City Trans Auth Trans Fac Livingston Plaza Proj Rfdg, Ser 1993 (FSA Insd) (d) | 5.400 | 01/01/18 | 18,262,391 | ||||||||||
7,225 | New York, NY Sub, Ser I-1 (b) | 5.000 | 02/01/26 | 6,756,387 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
New York (Continued) | ||||||||||||||
$ | 2,500 | New York St Dorm Auth Lease Rev Muni Hlth Fac Impt Pgm, Ser A (FSA Insd) | 5.500 | % | 05/15/25 | $ | 2,501,650 | |||||||
5,170 | New York St Dorm Auth Rev City Univ Sys, Ser C | 7.500 | 07/01/10 | 5,408,802 | ||||||||||
3,000 | New York St Dorm Auth Rev Hosp (MBIA Insd) | 5.000 | 08/01/33 | 2,462,250 | ||||||||||
2,000 | New York St Dorm Auth Rev St Univ Ed Fac 1989 Res (MBIA Insd) (Prerefunded @ 5/15/10) | 6.000 | 05/15/16 | 2,135,300 | ||||||||||
3,000 | New York St Dorm Auth Rev St Univ Ed Fac (FGIC Insd) (Prerefunded @ 5/15/10) | 5.750 | 05/15/24 | 3,191,670 | ||||||||||
2,840 | New York St Loc Assistance Corp Rfdg, Ser E | 6.000 | 04/01/14 | 3,056,919 | ||||||||||
1,500 | New York St Urban Dev Corp Rev Correctional Fac Rfdg | 5.500 | 01/01/13 | 1,596,135 | ||||||||||
12,100 | Port Auth NY & NJ (b) | 5.000 | 10/01/35 | 11,159,468 | ||||||||||
3,000 | Port Auth NY & NJ Spl Oblig Rev Spl Proj JFK Intl Arpt Terminal 6 (MBIA Insd) (AMT) | 5.750 | 12/01/22 | 2,667,360 | ||||||||||
3,000 | Port Auth NY & NJ Spl Oblig Rev Spl Proj JFK Intl Arpt Terminal 6 (MBIA Insd) (AMT) | 5.750 | 12/01/25 | 2,597,250 | ||||||||||
950 | Seneca Nation Indians Cap Impt Auth NY Spl Oblig, Ser A (c) | 5.000 | 12/01/23 | 712,320 | ||||||||||
80,964,032 | ||||||||||||||
North Carolina 5.3% | ||||||||||||||
4,000 | North Carolina Eastern Muni Pwr Agy Pwr Sys Rev, Ser D | 6.750 | 01/01/26 | 4,009,840 | ||||||||||
1,500 | North Carolina Med Care Commn Retirement Fac Rev First Mtg Southminster Proj, Ser A | 5.750 | 10/01/37 | 1,041,615 | ||||||||||
25,000 | North Carolina Muni Pwr Agy No 1 Catawba Elec Rev Rfdg (MBIA Insd) | 6.000 | 01/01/12 | 26,281,750 | ||||||||||
31,333,205 | ||||||||||||||
North Dakota 0.3% | ||||||||||||||
515 | North Dakota St Hsg Fin Agy Rev Hsg Fin Pgm Home Mtg Fin, Ser B (MBIA Insd) (AMT) | 5.500 | 07/01/29 | 507,893 | ||||||||||
1,500 | Ward Cnty, ND Hlthcare Fac Rev Trinity Obligated Group Rfdg | 5.125 | 07/01/29 | 1,026,210 | ||||||||||
1,534,103 | ||||||||||||||
Ohio 9.1% | ||||||||||||||
12,400 | Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo, Ser A-2 | 5.750 | 06/01/34 | 8,258,400 | ||||||||||
6,500 | Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo, Ser A-2 | 5.875 | 06/01/30 | 4,556,565 | ||||||||||
6,750 | Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo, Ser A-2 | 5.875 | 06/01/47 | 4,222,867 | ||||||||||
450 | Cuyahoga Cnty, OH Hlthcare & Indpt Living Fac Rev Eliza Jennings Sr Care, Ser A | 5.750 | 05/15/27 | 320,036 | ||||||||||
2,000 | Cuyahoga Cnty, OH Hosp Fac Rev Canton Inc Proj | 7.500 | 01/01/30 | 2,035,540 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Ohio (Continued) | ||||||||||||||
$ | 1,000 | Delaware Cnty, OH Cap Fac (Prerefunded @ 12/01/10) | 6.000 | % | 12/01/25 | $ | 1,082,240 | |||||||
1,000 | Lorain Cnty, OH Hosp Rev Catholic Hlthcare, Ser S | 5.375 | 10/01/30 | 898,480 | ||||||||||
4,525 | Lorain Cnty Ohio Hosp Rev Fac Catholic (FSA Insd) (b) | 5.000 | 02/01/24 | 4,356,444 | ||||||||||
4,500 | Lorain Cnty Ohio Hosp Rev Fac Catholic (FSA Insd) (b) | 5.000 | 02/01/24 | 4,332,375 | ||||||||||
4,800 | Lorain Cnty Ohio Hosp Rev Rfdg Catholic (FSA Insd) (b) | 5.000 | 04/01/24 | 4,620,120 | ||||||||||
1,625 | Montgomery Cnty, OH Rev Catholic Hlth, Ser C (FSA Insd) (b) | 5.000 | 10/01/41 | 1,422,127 | ||||||||||
8,000 | Ohio St Air Quality Dev Auth Rev Dayton Pwr (BHAC Insd) (AMT) (b) | 4.800 | 09/01/36 | 6,125,120 | ||||||||||
1,000 | Ohio St Higher Ed Fac Commn Rev Hosp Univ Hosp Hlth Sys Inc, Ser A (BHAC Insd) | 5.250 | 01/15/46 | 898,270 | ||||||||||
3,110 | Ohio St Hsg Fin Agy Residential Mtg Rev Bkd Secs Pgm, Ser D (GNMA Collateralized) (AMT) (b) | 5.300 | 09/01/28 | 2,593,989 | ||||||||||
5,475 | Ohio St Hsg Fin Agy Residential Mtg Rev Bkd Secs Pgm, Ser D (GNMA Collateralized) (AMT) (b) | 5.400 | 03/01/33 | 4,441,347 | ||||||||||
3,780 | Ohio St Hsg Fin Agy Residential Mtg Rev Bkd Secs Pgm, Ser F (GNMA Collateralized) (b) | 5.500 | 09/01/39 | 3,356,640 | ||||||||||
53,520,560 | ||||||||||||||
Oklahoma 0.8% | ||||||||||||||
2,175 | Chickasaw Nation, OK Hlth Sys (c) | 6.250 | 12/01/32 | 1,685,690 | ||||||||||
1,500 |
Jenks, OK Aquarium Auth Rev First Mtg (MBIA Insd) (Prerefunded @ 7/01/10) |
6.100 | 07/01/30 | 1,607,445 | ||||||||||
1,575 | Oklahoma City, OK Arpt Tr Jr Lien 27th, Ser B (FSA Insd) (AMT) | 5.750 | 07/01/16 | 1,549,044 | ||||||||||
4,842,179 | ||||||||||||||
Oregon 0.3% | ||||||||||||||
1,985 | Portland, OR Urban Renewal & Redev Downtown Wtrfront, Ser A (AMBAC Insd) | 5.750 | 06/15/16 | 2,025,633 | ||||||||||
Pennsylvania 2.1% | ||||||||||||||
2,750 | Allegheny Cnty, PA Hosp Dev Auth Rev Hlth Sys West PA, Ser A | 5.000 | 11/15/28 | 1,581,937 | ||||||||||
230 | Allegheny Cnty, PA San Auth Swr Rev (MBIA Insd) | 5.500 | 12/01/30 | 227,668 | ||||||||||
2,465 | Falls Twp, PA Hosp Auth Hosp Rev DE Vly Med Rfdg (FHA Gtd) | 7.000 | 08/01/22 | 2,481,294 | ||||||||||
875 | Montgomery Cnty, PA Indl Dev Auth Rev Mtg Whitemarsh Continuing Care Proj | 6.250 | 02/01/35 | 625,327 | ||||||||||
1,550 | Pennsylvania Econ Dev Fin Auth Exempt Fac Rev Reliant Energy, Ser B (AMT) | 6.750 | 12/01/36 | 1,032,424 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Pennsylvania (Continued) | ||||||||||||||
$ | 1,600 | Pennsylvania Hsg Fin Agy Single Family Mtg Rev, Ser 94-A (AMT) | 5.100 | % | 10/01/31 | $ | 1,264,528 | |||||||
1,000 | Philadelphia, PA Auth Indl Dev PA Arpt Sys Proj, Ser A (FGIC Insd) (AMT) | 5.125 | 07/01/19 | 886,470 | ||||||||||
2,350 | Pittsburgh, PA, Ser A (AMBAC Insd) | 5.500 | 09/01/16 | 2,395,379 | ||||||||||
1,580 | Ridley Park, PA Hosp Auth Rev Taylor Hosp, Ser A (d) | 6.000 | 12/01/13 | 1,691,137 | ||||||||||
12,186,164 | ||||||||||||||
Rhode Island 0.5% | ||||||||||||||
1,100 | Rhode Island Hsg & Mtg Fin Corp Homeownership Oppty, Ser 57-B (AMT) | 5.350 | 10/01/37 | 861,531 | ||||||||||
3,000 | Tobacco Settlement Fin Corp, Ser A | 6.250 | 06/01/42 | 2,190,870 | ||||||||||
3,052,401 | ||||||||||||||
South Carolina 6.2% | ||||||||||||||
2,375 | Berkeley Cnty, SC Sch Dist Ctf Partn Berkeley Sch Fac Grp Inc (MBIA Insd) (d) | 5.250 | 02/01/16 | 2,536,975 | ||||||||||
3,375 | Charleston Ed Excellence Fin Corp SC Rev (b) | 5.250 | 12/01/25 | 3,228,204 | ||||||||||
10,125 | Charleston Ed Excellence Fin Corp SC Rev (b) | 5.250 | 12/01/26 | 9,658,541 | ||||||||||
1,840 | Myrtle Beach, SC Hospitality Fee Rev, Ser A (MBIA Insd) | 5.375 | 06/01/21 | 1,782,390 | ||||||||||
1,935 | Myrtle Beach, SC Hospitality Fee Rev, Ser A (MBIA Insd) | 5.375 | 06/01/22 | 1,742,061 | ||||||||||
1,400 | South Carolina Jobs Econ Dev Auth Hlth Fac Rev First Mtg Wesley Commons Rfdg | 5.300 | 10/01/36 | 884,198 | ||||||||||
1,100 | South Carolina Jobs Econ Dev Auth Hlthcare Fac Rev First Mtg Lutheran Homes Rfdg | 5.500 | 05/01/28 | 760,551 | ||||||||||
1,000 | South Carolina Jobs Econ Dev Auth Hlthcare Fac Rev First Mtg Lutheran Homes Rfdg | 5.625 | 05/01/42 | 639,280 | ||||||||||
3,000 | South Carolina Jobs Econ Dev Auth Hosp Fac Rev Palmetto Hlth Alliance Rfdg, Ser A | 6.250 | 08/01/31 | 2,604,930 | ||||||||||
4,500 | South Carolina Jobs Econ Dev Auth Indl Rev Elec & Gas Co Proj, Ser A (AMBAC Insd) | 5.200 | 11/01/27 | 4,281,030 | ||||||||||
3,750 | South Carolina Jobs Econ Dev Auth Indl Rev Elec & Gas Co Proj, Ser B (AMBAC Insd) (AMT) | 5.450 | 11/01/32 | 3,043,312 | ||||||||||
750 | South Carolina Jobs Econ Dev Auth Rev Woodlands at Furman Proj, Ser A | 6.000 | 11/15/27 | 549,435 | ||||||||||
5,000 | Tobacco Settlement Rev Mgmt Auth SC Tob Settlement Rev Rfdg | 5.000 | 06/01/18 | 4,786,400 | ||||||||||
36,497,307 | ||||||||||||||
South Dakota 0.7% | ||||||||||||||
2,250 | Deadwood, SD Ctf Partn (ACA Insd) | 6.375 | 11/01/20 | 2,336,715 | ||||||||||
1,000 | South Dakota St Hlth & Ed Fac Auth Rev Childrens Care Hosp Rfdg (Prerefunded @ 11/01/09) | 6.125 | 11/01/29 | 1,053,330 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
South Dakota (Continued) | ||||||||||||||
$ | 710 | South Dakota St Hlth & Ed Fac Auth Vocational Ed Pgm, Ser A (AMBAC Insd) | 5.400 | % | 08/01/13 | $ | 713,273 | |||||||
4,103,318 | ||||||||||||||
Tennessee 2.5% | ||||||||||||||
4,345 | Chattanooga, TN Hlth Ed & Hsg Fac Brd Rev CDFI Phase I LLC Proj Rfdg, Ser A | 5.125 | 10/01/35 | 2,885,645 | ||||||||||
3,500 | Johnson City, TN Hlth & Ed Fac Brd Hosp Rev First Mtg Mtn St Hlth Rfdg, Ser A (MBIA Insd) (Prerefunded @ 7/01/12) | 7.500 | 07/01/25 | 3,831,485 | ||||||||||
5,345 | Johnson City, TN Hlth & Ed Fac Brd Hosp Rev First Mtg Mtn St Hlth, Ser A | 5.500 | 07/01/36 | 3,766,087 | ||||||||||
4,550 | Shelby Cnty, TN Hlth Ed & Hsg Fac Brd Rev Methodist, Ser B (FSA Insd) (b) | 5.250 | 09/01/27 | 4,459,159 | ||||||||||
14,942,376 | ||||||||||||||
Texas 18.8% | ||||||||||||||
2,375 | Alliance Arpt Auth Inc TX Spl Fac Rev FedEx Corp Proj Rfdg (AMT) | 4.850 | 04/01/21 | 1,697,769 | ||||||||||
300 | Brazos Cnty, TX Hlth Fac Dev Oblig Grp | 5.375 | 01/01/32 | 231,216 | ||||||||||
1,155 | Dallas Cnty, TX Flood Ctl Dist Rfdg | 6.750 | 04/01/16 | 1,144,328 | ||||||||||
4,000 | Dallas-Fort Worth, TX Intl Arpt Rev Impt & Rfdg, Ser A (BHAC Insd) (AMT) | 5.500 | 11/01/31 | 3,565,200 | ||||||||||
1,050 |
Dallas-Fort Worth, TX Intl Arpt Rev Jt, Ser C (MBIA Insd) (AMT) |
5.750 | 11/01/18 | 989,299 | ||||||||||
2,000 |
Dallas-Fort Worth, TX Intl Arpt Rev Jt, Ser C (MBIA Insd) (AMT) |
6.000 | 11/01/23 | 1,826,460 | ||||||||||
4,000 |
Dallas-Fort Worth, TX Intl Arpt Rev, Ser A (MBIA Insd) (AMT) |
5.750 | 11/01/30 | 3,411,200 | ||||||||||
7,960 | El Paso Cnty, TX Hosp Dist, Ser A (AGL Insd) (b) | 5.000 | 08/15/37 | 7,063,226 | ||||||||||
10,000 | Harris Cnty, TX Hlth Fac Dev Corp Hosp Rev Baylor College Med, Ser A-1 (AMBAC Insd) (e) (f) | 13.000 | 11/15/47 | 10,000,000 | ||||||||||
1,000 | Harris Cnty, TX Hlth Fac Dev Corp Rev Christus Hlth, Ser A-4 (FSA Insd) (e) (f) | 11.500 | 07/01/31 | 1,000,000 | ||||||||||
1,000 | Harris Cnty, TX Hlth Fac Dev Corp Rev Mem Hermann Hlthcare, Ser A (Prerefunded @ 6/01/11) | 6.375 | 06/01/29 | 1,094,830 | ||||||||||
4,820 | Harris Cnty, TX Toll Rd (AMBAC Insd) (Prerefunded @ 8/15/09) | * | 08/15/18 | 2,551,467 | ||||||||||
1,000 | Harris Cnty, TX Toll Rd (AMBAC Insd) (Prerefunded @ 8/15/09) | * | 08/15/21 | 430,620 | ||||||||||
1,000 | Houston, TX Arpt Sys Rev Sub Lien, Ser A (FSA Insd) (AMT) | 5.625 | 07/01/30 | 850,660 | ||||||||||
5,105 | Houston, TX Hotel Occupancy Tax & Spl Rev Convention & Entmt, Ser B (AMBAC Insd) | 5.750 | 09/01/15 | 5,257,129 | ||||||||||
225 | Houston, TX Pub Impt & Rfdg (FSA Insd) | 5.750 | 03/01/15 | 234,963 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Texas (Continued) | ||||||||||||||
$ | 12,800 | Houston, TX Util Sys Rev Rfdg Comb First Lien, Ser A (FSA Insd) (b) | 5.000 | % | 11/15/36 | $ | 11,520,192 | |||||||
5,025 | Judson, TX Indpt Sch Dist Sch Bldg (AGL Insd) (b) | 5.000 | 02/01/37 | 4,494,938 | ||||||||||
1,650 | Lufkin, TX Hlth Fac Dev Corp Hlth Sys Rev Mem Hlth Sys East TX | 5.500 | 02/15/32 | 1,290,498 | ||||||||||
1,250 | Lufkin, TX Hlth Fac Dev Corp Hlth Sys Rev Mem Hlth Sys East TX | 5.500 | 02/15/37 | 955,675 | ||||||||||
1,500 | Mesquite, TX Hlth Fac Dev Retirement Fac Christian Care Ctr | 5.625 | 02/15/35 | 1,066,050 | ||||||||||
1,500 | Mesquite, TX Hlth Fac Dev Retirement Fac Christian Care Ctr (Prerefunded @ 2/15/10) | 7.500 | 02/15/18 | 1,610,385 | ||||||||||
1,100 | Metropolitan Hlth Fac Dev Corp TX Wilson N Jones Mem Hosp Proj | 7.200 | 01/01/21 | 1,004,322 | ||||||||||
1,500 | Metropolitan Hlth Fac Dev Corp TX Wilson N Jones Mem Hosp Proj | 7.250 | 01/01/31 | 1,294,125 | ||||||||||
1,500 | Mission, TX Econ Dev Corp Solid Waste Disp Rev Waste Mgmt Inc Proj (AMT) | 6.000 | 08/01/20 | 1,353,195 | ||||||||||
1,500 | North Central, TX Hlth Fac Dev Corp Rev Hosp Baylor Hlthcare Sys Proj, Ser A | 5.125 | 05/15/29 | 1,298,445 | ||||||||||
5,750 | North Central, TX Hlth Fac Dev Corp Rev Hosp Childrens Med Ctr Dallas (AMBAC Insd) | 5.250 | 08/15/32 | 5,081,045 | ||||||||||
2,250 | North TX Twy Auth Rev Rfdg Sys First Tier Put, Ser L-2 (f) (a) | 6.000 | 01/01/38 | 2,253,870 | ||||||||||
1,000 | North TX Twy Auth Rev Rfdg Sys First Tier, Ser B | 5.625 | 01/01/28 | 932,760 | ||||||||||
1,000 | North TX Twy Auth Rev Rfdg Sys First Tier, Ser B | 6.000 | 01/01/26 | 984,130 | ||||||||||
1,420 | North TX Twy Auth Rev Rfdg Sys First Tier, Ser B | 6.000 | 01/01/27 | 1,392,182 | ||||||||||
4,300 | North TX Twy Auth Rev Toll Second Tier Rfdg, Ser F | 5.750 | 01/01/33 | 3,726,466 | ||||||||||
1,000 | Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac Buckingham Sr Living Cmnty Inc | 5.625 | 11/15/27 | 710,100 | ||||||||||
4,200 | Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac Buckingham Sr Living Cmnty Inc | 5.750 | 11/15/37 | 2,822,484 | ||||||||||
8,000 | Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac Buckner Retirement Svc Inc Proj | 5.250 | 11/15/37 | 5,927,200 | ||||||||||
650 | Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac CC Young Mem Home Proj | 5.750 | 02/15/25 | 475,319 | ||||||||||
3,225 | Tarrant Cnty, TX Hlth Fac Dev Corp Hosp Rev Rfdg Cook Childrens Med Ctr, Ser B (FSA Insd) | 5.000 | 12/01/30 | 2,947,037 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Texas (Continued) | ||||||||||||||
$ | 8,700 | Texas Commn Mobility Fd (b) | 5.000 | % | 04/01/28 | $ | 8,551,230 | |||||||
535 | Texas St Pub Ppty Fin Corp Rev Mental Hlth & Retardation Rfdg (FSA Insd) | 5.500 | 09/01/13 | 539,387 | ||||||||||
2,750 | Texas St Vets Housing Assistance Pgm Vet, Ser B (FHA Gtd) (AMT) | 6.100 | 06/01/31 | 2,680,810 | ||||||||||
1,500 | Texas Wtr Dev Brd Rev St Revolving Fd Sr Lien, Ser B | 5.250 | 07/15/17 | 1,535,565 | ||||||||||
4,900 | Tyler, TX Hlth Fac Dev Corp Hosp Rev & Impt East TX Med Ctr Rfdg, Ser A | 5.375 | 11/01/37 | 3,542,210 | ||||||||||
111,337,987 | ||||||||||||||
Utah 0.3% | ||||||||||||||
1,000 | Utah Hsg Corp Single Family Mtg Rev, Ser E (AMT) (b) | 5.250 | 01/01/39 | 768,095 | ||||||||||
1,100 | Utah St Charter Sch Fin Auth Charter Sch Rev Summit Academy, Ser A | 5.800 | 06/15/38 | 813,417 | ||||||||||
1,581,512 | ||||||||||||||
Virginia 0.6% | ||||||||||||||
750 | Lexington, VA Indl Dev Auth Residential Care Fac Rev Mtg Kendal at Lexington, Ser A | 5.500 | 01/01/37 | 478,440 | ||||||||||
750 | Peninsula Town Ctr Cmnty Dev Auth VA Spl Oblig | 6.450 | 09/01/37 | 559,823 | ||||||||||
800 | Tobacco Settlement Fin Corp VA | 5.500 | 06/01/26 | 842,920 | ||||||||||
2,000 | White Oak Vlg Shops VA Cmnty Dev Auth Spl Assmt Rev | 5.300 | 03/01/17 | 1,728,520 | ||||||||||
3,609,703 | ||||||||||||||
Washington 4.4% | ||||||||||||||
2,500 | Energy Northwest WA Elec Rev Proj No 3 Rfdg, Ser A (FSA Insd) | 5.500 | 07/01/18 | 2,556,850 | ||||||||||
5,360 | Energy Northwest WA Elec Rev Proj No 3 Rfdg, Ser B (FSA Insd) | 6.000 | 07/01/16 | 5,739,810 | ||||||||||
1,000 | Goat Hill Ppty WA Lease Rev Govt Office Bldg Proj (MBIA Insd) | 5.000 | 12/01/33 | 897,320 | ||||||||||
1,950 | Kalispel Tribe Indians Priority Dist WA Rev | 6.625 | 01/01/28 | 1,597,323 | ||||||||||
1,000 | Port Seattle, WA Rev, Ser B (MBIA Insd) (AMT) | 5.625 | 02/01/24 | 889,410 | ||||||||||
1,435 | Radford Ct Ppty WA Student Hsg Rev (MBIA Insd) | 6.000 | 06/01/15 | 1,498,341 | ||||||||||
1,585 | Radford Ct Ppty WA Student Hsg Rev (MBIA Insd) | 6.000 | 06/01/16 | 1,654,962 | ||||||||||
1,000 | Seattle, WA Muni Lt & Pwr Rev | 5.625 | 12/01/18 | 1,040,670 | ||||||||||
1,250 | Skagit Cnty, WA Pub Hosp Dist No 001 Rev Skagit Vly Hosp | 5.500 | 12/01/30 | 887,512 | ||||||||||
1,250 | Skagit Cnty, WA Pub Hosp Dist No 001 Rev Skagit Vly Hosp | 5.750 | 12/01/28 | 943,825 | ||||||||||
1,140 | Skagit Cnty, WA Pub Hosp Dist No 001 Rev Skagit Vly Hosp | 5.750 | 12/01/32 | 829,840 | ||||||||||
2,100 | Spokane, WA Pub Fac Dist Hotel (MBIA Insd) | 5.750 | 12/01/21 | 2,151,849 |
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
Washington (Continued) | ||||||||||||||
$ | 3,000 | Spokane, WA Pub Fac Dist Hotel Motel & Sales Use Tax (MBIA Insd) | 5.250 | % | 09/01/33 | $ | 2,832,960 | |||||||
2,325 | Washington St Hsg Fin Commn Nonprofit Rev Custodial Rcpts Wesley Homes, Ser 2007A-2027 (Acquired 05/07/08, Cost $2,325,000) (g) | 6.000 | 01/01/27 | 1,985,852 | ||||||||||
1,000 | Washington St Hsg Fin Commn Nonprofit Rev Skyline at First Hill Proj, Ser A | 5.625 | 01/01/38 | 663,500 | ||||||||||
26,170,024 | ||||||||||||||
West Virginia 0.7% | ||||||||||||||
250 | Ohio Cnty, VA Cnty Commn Tax Increment Rev Fort Henry Ctr Fin Dist, Ser A | 5.625 | 06/01/22 | 211,605 | ||||||||||
1,500 | Pleasants Cnty, WV Pollutn Ctl Rev Cnty Comm Allegheny Rfdg, Ser F | 5.250 | 10/15/37 | 1,093,695 | ||||||||||
1,500 | West Virginia St Hosp Fin Auth Hosp Rev Thomas Hlth Sys | 6.000 | 10/01/20 | 1,238,955 | ||||||||||
2,000 | West Virginia St Hosp Fin Auth Hosp Rev Thomas Hlth Sys | 6.250 | 10/01/23 | 1,624,800 | ||||||||||
4,169,055 | ||||||||||||||
Wisconsin 2.6% | ||||||||||||||
510 | Badger Tob Asset Sec Corp WI | 6.375 | 06/01/32 | 461,637 | ||||||||||
2,000 | Southeast WI Professional Baseball Pk Dist Sales Tax Rev Rfdg, Ser A (MBIA Insd) | 5.500 | 12/15/20 | 2,088,300 | ||||||||||
4,100 | Wisconsin Hsg & Econ Dev Auth Home Ownership Rev, Ser A (AMT) (b) | 5.300 | 09/01/23 | 3,589,735 | ||||||||||
4,895 | Wisconsin Hsg & Econ Dev Auth Home Ownership Rev, Ser A (AMT) (b) | 5.500 | 09/01/28 | 4,188,211 | ||||||||||
6,050 | Wisconsin St Hlth & Ed Fac Auth Rev Ministry Hlth (FSA Insd) (b) | 5.000 | 08/01/34 | 5,282,739 | ||||||||||
15,610,622 | ||||||||||||||
Wyoming 0.2% | ||||||||||||||
2,000 | Sweetwater Cnty, WY Solid Waste Disp Rev FMC Corp Proj Rfdg (AMT) | 5.600 | 12/01/35 | 1,306,760 | ||||||||||
Guam 0.8% | ||||||||||||||
5,800 | Guam Pwr Auth Rev, Ser A (AMBAC Insd) | 5.250 | 10/01/34 | 4,858,834 | ||||||||||
Puerto Rico 0.9% | ||||||||||||||
4,000 | Puerto Rico Comwlth Hwy & Transn Auth Hwy Rev, Ser Y (FSA Insd) (b) | 6.250 | 07/01/21 | 4,278,320 | ||||||||||
1,000 | Puerto Rico Indl Tourist Ed Med & Environmental Ctl Fac Fin Auth Higher Ed Rev | 5.375 | 02/01/19 | 860,040 | ||||||||||
50 | Puerto Rico Pub Bldgs Auth Rev Govt Fac, Ser I (Comwth Gtd) (Prerefunded @ 7/01/14) | 5.250 | 07/01/33 | 53,308 | ||||||||||
5,191,668 | ||||||||||||||
Par |
||||||||||||||
Amount |
||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||
U.S. Virgin Islands 0.6% | ||||||||||||||
$ | 1,500 | Virgin Islands Pub Fin Auth Rev Gross Rcpt Taxes Ln Nt, Ser A | 6.375 | % | 10/01/19 | $ | 1,520,340 | |||||||
1,000 | Virgin Islands Pub Fin Auth Rev Gross Rcpt Taxes Ln Nt, Ser A (ACA Insd) (Prerefunded @ 10/01/10) | 6.125 | 10/01/29 | 1,074,690 | ||||||||||
1,000 | Virgin Islands Pub Fin Auth Rev Gross Rcpt Taxes Ln Nt, Ser A (Prerefunded @ 10/01/10) | 6.500 | 10/01/24 | 1,086,770 | ||||||||||
3,681,800 | ||||||||||||||
Total Investments 205.2%
(Cost $1,391,321,874) |
$ | 1,212,340,728 | ||||||||||||
Liability for Floating Rate Note Obligations Related to
Securities Held (34.7%)
(Cost ($205,005,000)) |
||||||||||||||
(205,005 | ) | Notes with interest rates ranging from 1.77% to 3.32% at October 31, 2008 and contractual maturities of collateral ranging from 2021 to 2041 (See Note 1) (h) | (205,005,000 | ) | ||||||||||
Total Net Investments 170.5%
(Cost $1,186,316,874) |
1,007,335,728 | |||||||||||||
Other Assets in Excess of Liabilities 2.2%
|
12,938,026 | |||||||||||||
Preferred Shares (including accrued
distributions) (72.7%)
|
(429,448,130 | ) | ||||||||||||
Net Assets Applicable to Common Shares 100.0%
|
$ | 590,825,624 | ||||||||||||
* | Zero coupon bond | |
(a) | Security purchased on a when-issued or delayed delivery basis. | |
(b) | Underlying security related to Inverse Floaters entered into by the Trust. (See Note 1). | |
(c) | 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. | |
(d) | Escrowed to Maturity | |
(e) | 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. | |
(f) | Variable Rate Coupon |
(g) | Security is restricted and may be resold only in transactions exempt from registration which are normally those transactions with qualified institutional buyers. Restricted securities comprise 1.0% of net assets applicable to common shareholders. | |
(h) | Floating rate notes. The interest rates shown reflect the rates in effect at October 31, 2008. |
Assets:
|
||||||
Total Investments (Cost $1,391,321,874)
|
$ | 1,212,340,728 | ||||
Receivables:
|
||||||
Interest
|
21,131,415 | |||||
Investments Sold
|
1,295,870 | |||||
Other
|
932 | |||||
Total Assets
|
1,234,768,945 | |||||
Liabilities:
|
||||||
Payables:
|
||||||
Floating Rate Note Obligations
|
205,005,000 | |||||
Investments Purchased
|
5,114,244 | |||||
Custodian Bank
|
2,024,802 | |||||
Investment Advisory Fee
|
435,319 | |||||
Income DistributionsCommon Shares
|
159,779 | |||||
Other Affiliates
|
65,232 | |||||
Trustees Deferred Compensation and Retirement Plans
|
1,355,875 | |||||
Accrued Expenses
|
334,940 | |||||
Total Liabilities
|
214,495,191 | |||||
Preferred Shares (including accrued distributions)
|
429,448,130 | |||||
Net Assets Applicable to Common Shares
|
$ | 590,825,624 | ||||
Net Asset Value Per Common Share ($590,825,624 divided by
53,831,731 shares outstanding)
|
$ | 10.98 | ||||
Net Assets Consist of:
|
||||||
Common Shares ($0.01 par value with an unlimited number of
shares authorized, 53,831,731 shares issued and outstanding)
|
$ | 538,317 | ||||
Paid in Surplus
|
822,947,410 | |||||
Accumulated Undistributed Net Investment Income
|
10,317,706 | |||||
Accumulated Net Realized Loss
|
(63,996,663 | ) | ||||
Net Unrealized Depreciation
|
(178,981,146 | ) | ||||
Net Assets Applicable to Common Shares
|
$ | 590,825,624 | ||||
Preferred Shares ($0.01 par value, authorized
100,000,000 shares, 17,152 issued with liquidation
preference of $25,000 per share)
|
$ | 428,800,000 | ||||
Net Assets Including Preferred Shares
|
$ | 1,019,625,624 | ||||
Investment Income:
|
||||||
Interest
|
$ | 86,300,674 | ||||
Expenses:
|
||||||
Interest & Residual Trust Expense
|
9,759,884 | |||||
Investment Advisory Fee
|
7,254,064 | |||||
Preferred Share Maintenance
|
1,313,090 | |||||
Accounting and Administrative Expenses
|
251,500 | |||||
Professional Fees
|
224,255 | |||||
Transfer Agent Fees
|
108,416 | |||||
Reports to Shareholders
|
74,381 | |||||
Custody
|
73,231 | |||||
Registration Fees
|
39,072 | |||||
Trustees Fees and Related Expenses
|
19,166 | |||||
Depreciation in Trustees Deferred
Compensation Accounts
|
(360,409 | ) | ||||
Other
|
35,846 | |||||
Total Expenses
|
18,792,496 | |||||
Investment Advisory Fee Reduction
|
1,318,921 | |||||
Less Credits Earned on Cash Balances
|
1,273 | |||||
Net Expenses
|
17,472,302 | |||||
Net Investment Income
|
$ | 68,828,372 | ||||
Realized and Unrealized Gain/Loss:
|
||||||
Realized Gain/Loss:
|
||||||
Investments
|
$ | (44,573,237 | ) | |||
Futures
|
(9,518,643 | ) | ||||
Net Realized Loss
|
(54,091,880 | ) | ||||
Unrealized Appreciation/Depreciation:
|
||||||
Beginning of the Period
|
40,999,027 | |||||
End of the Period
|
(178,981,146 | ) | ||||
Net Unrealized Depreciation During the Period
|
(219,980,173 | ) | ||||
Net Realized and Unrealized Loss
|
$ | (274,072,053 | ) | |||
Distributions to Preferred Shareholders
|
$ | (16,126,788 | ) | |||
Net Decrease in Net Assets Applicable to Common Shares from
Operations
|
$ | (221,370,469 | ) | |||
For
The |
For
The |
|||||||
Year
Ended |
Year
Ended |
|||||||
October 31, 2008 | October 31, 2007 | |||||||
From Investment Activities:
|
||||||||
Operations:
|
||||||||
Net Investment Income
|
$ | 68,828,372 | $ | 56,902,599 | ||||
Net Realized Loss
|
(54,091,880 | ) | (10,925,564 | ) | ||||
Net Unrealized Depreciation During the Period
|
(219,980,173 | ) | (30,994,070 | ) | ||||
Distributions to Preferred Shareholders:
|
||||||||
Net Investment Income
|
(16,126,788 | ) | (17,748,008 | ) | ||||
Net Realized Gain
|
-0- | (281,906 | ) | |||||
Change in Net Assets Applicable to Common Shares
from Operations
|
(221,370,469 | ) | (3,046,949 | ) | ||||
Distributions to Common Shareholders:
|
||||||||
Net Investment Income
|
(45,002,791 | ) | (38,512,865 | ) | ||||
Net Realized Gain
|
-0- | (814,663 | ) | |||||
Net Change in Net Assets Applicable to Common Shares from
Investment Activities
|
(266,373,260 | ) | (42,374,477 | ) | ||||
From Capital Transactions:
|
||||||||
Proceeds from Common Shares Acquired Through Merger
|
-0- | 178,974,855 | ||||||
Repurchase of Shares
|
(10,565,264 | ) | (12,203,223 | ) | ||||
Net Change in Net Assets Applicable to Common Shares from
Capital Transactions
|
(10,565,264 | ) | 166,771,632 | |||||
Net Change in Net Assets Applicable to Common Shares
|
(276,938,524 | ) | 124,397,155 | |||||
Net Assets Applicable to Common Shares:
|
||||||||
Beginning of the Period
|
867,764,148 | 743,366,993 | ||||||
End of the Period (Including accumulated undistributed net
investment income of $10,317,706 and
$2,741,177, respectively)
|
$ | 590,825,624 | $ | 867,764,148 | ||||
Change in Net Assets from Operations (including Preferred
Share Distributions)
|
$ | (221,370,469 | ) | |||
Adjustments to Reconcile the Change in Net Assets from
Operations to
|
||||||
Net Cash Provided by Operating Activities:
|
||||||
Purchases of Investments
|
(855,880,497 | ) | ||||
Proceeds from Sales of Investments
|
1,097,960,256 | |||||
Net Sales of Short-Term Investments
|
8,300,000 | |||||
Amortization of Premium
|
1,615,007 | |||||
Accretion of Discount
|
(2,257,059 | ) | ||||
Net Realized Loss on Investments
|
44,573,237 | |||||
Net Change in Unrealized Depreciation on Investments
|
220,567,796 | |||||
Decrease in Interest Receivables
|
518,198 | |||||
Increase in Receivable for Investments Sold
|
(1,070,870 | ) | ||||
Decrease in Variation Margin on Futures
|
1,595,000 | |||||
Increase in Other Assets
|
(26 | ) | ||||
Decrease in Investments Purchased Payable
|
(15,411,950 | ) | ||||
Decrease in Investment Advisory Fees
|
(103,410 | ) | ||||
Increase in Other Affiliates Payable
|
11,642 | |||||
Decrease in Trustees Deferred Compensation and
Retirement Plans
|
(352,413 | ) | ||||
Decrease in Accrued Expenses
|
(587,770 | ) | ||||
Increase in Custodian Bank Payable
|
2,024,802 | |||||
Total Adjustments
|
501,501,943 | |||||
Net Cash Provided by Operating Activities
|
281,131,474 | |||||
Cash Flows From Financing Activities
|
||||||
Repurchased Shares
|
(10,847,708 | ) | ||||
Dividends Paid
|
(45,295,405 | ) | ||||
Proceeds from and Repayments of Floating Rate
Note Obligations
|
(116,790,000 | ) | ||||
Retirement of Preferred Shares
|
(107,200,000 | ) | ||||
Net Cash Used for Financing Activities
|
(280,133,113 | ) | ||||
Net Decrease in Cash
|
(1,639 | ) | ||||
Cash at the Beginning of the Period
|
1,639 | |||||
Cash at the End of the Period
|
$ | -0- | ||||
Supplemental Disclosures of Cash Flow Information
|
||||||
Cash Paid During the Year for Interest
|
$ | 9,759,884 | ||||
Year Ended October 31, | ||||||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||
Net Asset Value, Beginning of the Period
|
$ | 15.89 | $ | 16.97 | $ | 16.80 | $ | 17.34 | $ | 17.15 | ||||||||||
Net Investment Income
|
1.27 | (a) | 1.18 | (a) | 1.11 | (a) | 1.09 | 1.09 | ||||||||||||
Net Realized and Unrealized Gain/Loss
|
(5.05 | ) | (1.06 | ) | 0.47 | (0.48 | ) | 0.31 | ||||||||||||
Common Share Equivalent of Distributions Paid to Preferred
Shareholders:
|
||||||||||||||||||||
Net Investment Income
|
(0.30 | ) | (0.37 | ) | (0.29 | ) | (0.22 | ) | (0.10 | ) | ||||||||||
Net Realized Gain
|
-0- | (0.01 | ) | (0.06 | ) | -0- | (0.01 | ) | ||||||||||||
Total from Investment Operations
|
(4.08 | ) | (0.26 | ) | 1.23 | 0.39 | 1.29 | |||||||||||||
Distributions Paid to Common Shareholders:
|
||||||||||||||||||||
Net Investment Income
|
(0.83 | ) | (0.80 | ) | (0.82 | ) | (0.93 | ) | (1.00 | ) | ||||||||||
Net Realized Gain
|
-0- | (0.02 | ) | (0.24 | ) | -0- | (0.10 | ) | ||||||||||||
Net Asset Value, End of the Period
|
$ | 10.98 | $ | 15.89 | $ | 16.97 | $ | 16.80 | $ | 17.34 | ||||||||||
Common Share Market Price at End of the Period
|
$ | 10.11 | $ | 14.11 | $ | 14.94 | $ | 14.61 | $ | 15.34 | ||||||||||
Total
Return* (b)
|
23.77% | 0.39% | 9.86% | 1.31% | 5.76% | |||||||||||||||
Net Assets Applicable to Common Shares at End of the Period
(In millions)
|
$ | 590.8 | $ | 867.8 | $ | 744.4 | $ | 736.0 | $ | 468.3 | ||||||||||
Ratio of Expenses to Average Net Assets Applicable to Common
Shares* (c)
|
2.23% | 2.45% | 1.28% | 1.17% | 1.27% | |||||||||||||||
Ratio of Net Investment Income to Average Net Assets Applicable
to Common
Shares* (c)
|
8.78% | 7.85% | 6.68% | 6.51% | 6.43% | |||||||||||||||
Portfolio Turnover
|
55% | 26% | 25% | 25% | 18% | |||||||||||||||
* 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)
|
2.40% | 2.61% | N/A | N/A | N/A | |||||||||||||||
Ratio of Net
Investment Income to Average Net Assets Applicable to Common
Shares (c)
|
8.61% | 7.69% | 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)
|
0.98% | 1.12% | 1.17% | 1.17% | 1.27% | |||||||||||||||
Ratio of Expenses (Excluding Interest and Residual
Trust Expenses) to Average Net Assets Applicable Including
Preferred Shares (c)
|
0.60% | 0.64% | 0.73% | 0.74% | 0.80% | |||||||||||||||
Ratio of Net Investment Income to Average Net Assets Applicable
to Common Shares (d)
|
6.72% | 5.36% | 4.94% | 5.22% | 5.82% | |||||||||||||||
Senior Securities: | ||||||||||||||||||||
Total Preferred Shares Outstanding
|
17,152 | 21,440 | 17,200 | 17,200 | 10,600 | |||||||||||||||
Asset Coverage Per Preferred Share (e)
|
$ | 59,484 | $ | 65,519 | $ | 68,253 | $ | 67,812 | $ | 69,204 | ||||||||||
Involuntary Liquidating Preference Per Preferred Share
|
$ | 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 | ||||||||||
(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. |
Amount | Expiration | |||||||
$ | 11,260,708 | October 31, 2015 | ||||||
53,114,521 | October 31, 2016 |
Cost of investments for tax purposes
|
$ | 1,183,930,540 | ||||
Gross tax unrealized appreciation
|
$ | 21,495,164 | ||||
Gross tax unrealized depreciation
|
(198,089,976 | ) | ||||
Net tax unrealized depreciation on investments
|
$ | (176,594,812 | ) | |||
2008 | 2007 | |||||||
Distributions paid from:
|
||||||||
Ordinary income
|
$ | 142,380 | $ | 215,879 | ||||
Tax exempt income
|
61,279,813 | 55,661,853 | ||||||
Long-term capital gain
|
-0- | 1,092,071 | ||||||
$ | 61,422,193 | $ | 56,969,803 | |||||
Accumulated
Undistributed |
Accumulated
Net |
|||||||||
Net Investment Income | Realized Loss | Paid In Surplus | ||||||||
$ | (122,264 | ) | $ | 122,264 | $ | -0- |
Undistributed ordinary income
|
$ | 262,882 | ||
Undistributed tax-exempt income
|
10,808,732 |
Year Ended |
Year Ended |
|||||||
October 31, 2008 | October 31, 2007 | |||||||
Beginning Shares
|
54,609,130 | 43,799,086 | ||||||
Shares Issued Through Merger
|
-0- | 11,627,529 | ||||||
Shares Issued Through Dividend Reinvestment
|
182 | -0- | ||||||
Shares Repurchased*
|
(777,581 | ) | (817,485 | ) | ||||
Ending Shares
|
53,831,731 | 54,609,130 | ||||||
Contracts | ||||||
Outstanding at October 31, 2007
|
1,595 | |||||
Futures Opened
|
2,356 | |||||
Futures Closed
|
(3,951 | ) | ||||
Outstanding at October 31, 2008
|
-0- | |||||
Series A | Series B | Series C | ||||||||||||||||||||||||
Shares | Value | Shares | Value | Shares | Value | |||||||||||||||||||||
Outstanding at 10/31/07
|
3,000 | $ | 75,000,000 | 3,000 | $ | 75,000,000 | 3,000 | $ | 75,000,000 | |||||||||||||||||
Amount Retired
|
(600 | ) | (15,000,000 | ) | (600 | ) | (15,000,000 | ) | (600 | ) | (15,000,000 | ) | ||||||||||||||
Outstanding at 10/31/08
|
2,400 | $ | 60,000,000 | 2,400 | $ | 60,000,000 | 2,400 | $ |
60,000,000 |
|||||||||||||||||
Series D | Series E | Series F | ||||||||||||||||||||||||
Shares | Value | Shares | Value | Shares | Value | |||||||||||||||||||||
Outstanding at 10/31/07
|
1,600 | $ | 40,000,000 | 2,200 | $ | 55,000,000 | 2,200 | $ | 55,000,000 | |||||||||||||||||
Amount Retired
|
(320 | ) | (8,000,000 | ) | (440 | ) | (11,000,000 | ) | (440 | ) | (11,000,000 | ) | ||||||||||||||
Outstanding at 10/31/08
|
1,280 | $ | 32,000,000 | 1,760 | $ | 44,000,000 | 1,760 | $ |
44,000,000 |
|||||||||||||||||
Series G | Series H | Series I | ||||||||||||||||||||||||
Shares | Value | Shares | Value | Shares | Value | |||||||||||||||||||||
Outstanding at 10/31/07
|
2,200 | $ | 55,000,000 | 2,240 | $ | 56,000,000 | 2,000 | $ | 50,000,000 | |||||||||||||||||
Amount Retired
|
(440 | ) | (11,000,000 | ) | (448 | ) | (11,200,000 | ) | (400 | ) | (10,000,000 | ) | ||||||||||||||
Outstanding at 10/31/08
|
1,760 | $ | 44,000,000 | 1,792 | $ | 44,800,000 | 1,600 | $ | 40,000,000 | |||||||||||||||||
1. | Premium If the Trust is trading at a premiuma market price that is higher than its NAVyoull pay either the NAV or 95 percent of the market price, whichever is greater. When the Trust trades at a premium, youll pay less for your reinvested shares than an ordinary investor purchasing shares on the stock exchange. Keep in mind, a portion of your price reduction may be taxable because you are receiving shares at less than market price. | |
2. | Discount If the Trust is trading at a discounta market price that is lower than its NAVyoull pay the market price for your reinvested shares. |
1. | If you opt to continue to hold your non-certificated shares, they will be held by Computershare Trust Company N.A. | |
2. | If you opt to sell your shares through Van Kampen, we will sell all full and fractional shares and send the proceeds via check to your address of record after deducting brokerage commissions and a $2.50 service fee. | |
3. | You may sell your shares through your financial advisor through the Direct Registration Systems (DRS). DRS is a service within the securities industry that allows Trust shares to be held in your name in electronic format. You retain full ownership of your shares, without having to hold a stock certificate. |
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 Dennis Shea Vice President Kevin Klingert Vice President Amy R. Doberman 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 333 West 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 Trust, as defined in the Investment Company Act of 1940, as amended. |
# of Shares | ||||||||
In Favor | Withheld | |||||||
David C. Arch
|
49,708,165 | 1,105,148 | ||||||
Jerry D. Choate
|
49,695,781 | 1,117,533 | ||||||
Howard J Kerr
|
49,676,102 | 1,137,211 | ||||||
Suzanne H. Woolsey
|
49,704,361 | 1,108,952 |
Independent Trustees: | ||||||||||||
Number of |
||||||||||||
Term of |
Funds in |
|||||||||||
Office and |
Fund |
|||||||||||
Position(s) |
Length of |
Complex |
||||||||||
Name, Age and
Address |
Held with |
Time |
Principal
Occupation(s) |
Overseen |
Other
Directorships |
|||||||
of Independent Trustee | Fund | Served | During Past 5 Years | By Trustee | Held by Trustee | |||||||
David C. Arch (63) Blistex Inc. 1800 Swift Drive Oak Brook, IL 60523 |
Trustee |
Trustee since 1991 |
Chairman and Chief Executive Officer of Blistex Inc., a consumer health care products manufacturer. | 81 | Trustee/Director/Managing General Partner of funds in the Fund Complex. Director of the Heartland Alliance, a nonprofit organization serving human needs based in Chicago. Board member of the Illinois Manufacturers Association. Member of the Board of Visitors, Institute for the Humanities, University of Michigan. |
Van
Kampen Trust for Investment Grade Municipals |
||||||||||||
Trustee and Officer Information continued | ||||||||||||
Number of |
||||||||||||
Term of |
Funds in |
|||||||||||
Office and |
Fund |
|||||||||||
Position(s) |
Length of |
Complex |
||||||||||
Name, Age and
Address |
Held with |
Time |
Principal
Occupation(s) |
Overseen |
Other
Directorships |
|||||||
of Independent Trustee | Fund | Served | During Past 5 Years | By Trustee | Held by Trustee | |||||||
Jerry D. Choate (70) 33971 Selva Road Suite 130 Dana Point, CA 92629 |
Trustee |
Trustee since 2003 |
Prior to January 1999, Chairman and Chief Executive Officer of the Allstate Corporation (Allstate) and Allstate Insurance Company. Prior to January 1995, President and Chief Executive Officer of Allstate. Prior to August 1994, various management positions at Allstate. | 81 | Trustee/Director/Managing General Partner of funds in the Fund Complex. Director of Amgen Inc., a biotechnological company, and Valero Energy Corporation, an independent refining company. | |||||||
Rod Dammeyer (68) CAC, LLC 4370 LaJolla Village Drive Suite 685 San Diego, CA 92122-1249 |
Trustee |
Trustee since 1991 |
President of CAC, LLC, a private company offering capital investment and management advisory services. | 81 | Trustee/Director/Managing General Partner of funds in the Fund Complex. Director of Quidel Corporation, Stericycle, Inc., and Trustee of The Scripps Research Institute. Prior to February 2008, Director of Ventana Medical Systems, Inc. Prior to April 2007, Director of GATX Corporation. Prior to April 2004, Director of TheraSense, Inc. Prior to January 2004, Director of TeleTech Holdings Inc. and Arris Group, Inc. |
Van
Kampen Trust for Investment Grade Municipals |
||||||||||||
Trustee and Officer Information continued | ||||||||||||
Number of |
||||||||||||
Term of |
Funds in |
|||||||||||
Office and |
Fund |
|||||||||||
Position(s) |
Length of |
Complex |
||||||||||
Name, Age and
Address |
Held with |
Time |
Principal
Occupation(s) |
Overseen |
Other
Directorships |
|||||||
of Independent Trustee | Fund | Served | During Past 5 Years | By Trustee | Held by Trustee | |||||||
Linda Hutton Heagy (60) 4939 South Greenwood Chicago, IL 60615 |
Trustee |
Trustee since 2003 |
Prior to February 2008, Managing Partner of Heidrick & Struggles, an international executive search firm. Prior to 1997, Partner of Ray & Berndtson, Inc., an executive recruiting firm. Prior to 1995, Executive Vice President of ABN AMRO, N.A., a bank holding company. Prior to 1990, Executive Vice President of The Exchange National Bank. | 81 | Trustee/Director/Managing General Partner of funds in the Fund Complex. Trustee on the University of Chicago Medical Center Board, Vice Chair of the Board of the YMCA of Metropolitan Chicago and a member of the Womens Board of the University of Chicago. | |||||||
R. Craig Kennedy (56) 1744 R Street, NW Washington, DC 20009 |
Trustee |
Trustee since 2003 |
Director and President of the German Marshall Fund of the United States, an independent U.S. foundation created to deepen understanding, promote collaboration and stimulate exchanges of practical experience between Americans and Europeans. Formerly, advisor to the Dennis Trading Group Inc., a managed futures and option company that invests money for individuals and institutions. Prior to 1992, President and Chief Executive Officer, Director and member of the Investment Committee of the Joyce Foundation, a private foundation. | 81 | Trustee/Director/Managing General Partner of funds in the Fund Complex. Director of First Solar, Inc. | |||||||
Howard J Kerr (73) 14 Huron Trace Galena, IL 61036 |
Trustee |
Trustee since 1992 |
Prior to 1998, President and Chief Executive Officer of Pocklington Corporation, Inc., an investment holding company. | 81 | Trustee/Director/Managing General Partner of funds in the Fund Complex. Director of the Lake Forest Bank & Trust. Director of the Marrow Foundation. |
Van
Kampen Trust for Investment Grade Municipals |
||||||||||||
Trustee and Officer Information continued | ||||||||||||
Number of |
||||||||||||
Term of |
Funds in |
|||||||||||
Office and |
Fund |
|||||||||||
Position(s) |
Length of |
Complex |
||||||||||
Name, Age and
Address |
Held with |
Time |
Principal
Occupation(s) |
Overseen |
Other
Directorships |
|||||||
of Independent Trustee | Fund | Served | During Past 5 Years | By Trustee | Held by Trustee | |||||||
Jack E. Nelson (72) 423 Country Club Drive Winter Park, FL 32789 |
Trustee |
Trustee since 2003 |
President of Nelson Investment Planning Services, Inc., a financial planning company and registered investment adviser in the State of Florida. President of Nelson Ivest Brokerage Services Inc., a member of the Financial Industry Regulatory Authority (FINRA), Securities Investors Protection Corp. and the Municipal Securities Rulemaking Board. President of Nelson Sales and Services Corporation, a marketing and services company to support affiliated companies. | 81 | Trustee/Director/Managing General Partner of funds in the Fund Complex. | |||||||
Hugo F. Sonnenschein (68) 1126 E. 59th Street Chicago, IL 60637 |
Trustee |
Trustee since 1994 |
President Emeritus and Honorary Trustee of the University of Chicago and the Adam Smith Distinguished Service Professor in the Department of Economics at the University of Chicago. Prior to July 2000, President of the University of Chicago. | 81 | Trustee/Director/Managing General Partner of funds in the Fund Complex. Trustee of the University of Rochester and a member of its investment committee. Member of the National Academy of Sciences, the American Philosophical Society and a fellow of the American Academy of Arts and Sciences. |
Van
Kampen Trust for Investment Grade Municipals |
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Trustee and Officer Information continued | ||||||||||||
Number of |
||||||||||||
Term of |
Funds in |
|||||||||||
Office and |
Fund |
|||||||||||
Position(s) |
Length of |
Complex |
||||||||||
Name, Age and
Address |
Held with |
Time |
Principal
Occupation(s) |
Overseen |
Other
Directorships |
|||||||
of Independent Trustee | Fund | Served | During Past 5 Years | By Trustee | Held by Trustee | |||||||
Suzanne H. Woolsey, Ph.D. (67) 815 Cumberstone Road Harwood, MD 20776 |
Trustee |
Trustee since 2003 |
Chief Communications Officer of the National Academy of Sciences/National Research Council, an independent, federally chartered policy institution, from 2001 to November 2003 and Chief Operating Officer from 1993 to 2001. Prior to 1993, Executive Director of the Commission on Behavioral and Social Sciences and Education at the National Academy of Sciences/National Research Council. From 1980 through 1989, Partner of Coopers & Lybrand. | 81 | Trustee/Director/Managing General Partner of funds in the Fund Complex. Trustee of Changing World Technologies, Inc., an energy manufacturing company, since July 2008. Director of Fluor Corp., an engineering, procurement and construction organization, since January 2004. Director of Intelligent Medical Devices, Inc., a symptom based diagnostic tool for physicians and clinical labs. Director of the Institute for Defense Analyses, a federally funded research and development center, Director of the German Marshall Fund of the United States, Director of the Rocky Mountain Institute and Trustee of California Institute of Technology and the Colorado College. |
Interested Trustee* | ||||||||||||
Number of |
||||||||||||
Term of |
Funds in |
|||||||||||
Office and |
Fund |
|||||||||||
Position(s) |
Length of |
Complex |
||||||||||
Name, Age and
Address |
Held with |
Time |
Principal
Occupation(s) |
Overseen |
Other
Directorships |
|||||||
of Independent Trustee | Fund | Served | During Past 5 Years | By Trustee | Held by Trustee | |||||||
Wayne W. Whalen* (69) 333 West Wacker Drive Chicago, IL 60606 |
Trustee |
Trustee since 1991 |
Partner in the law firm of Skadden, Arps, Slate, Meagher & Flom LLP, legal counsel to funds in the Fund Complex. | 81 | Trustee/Director/Managing General Partner of funds in the Fund Complex. Director of the Abraham Lincoln Presidential Library Foundation. |
| As indicated above, prior to February 2008, Ms. Heagy was an employee of Heidrick and Struggles, an international executive search firm (Heidrick). Heidrick has been (and may continue to be) engaged by Morgan Stanley from time to time to perform executive searches. Such searches have been done by professionals at Heidrick without any involvement by Ms. Heagy. Ethical wall procedures exist to ensure that Ms. Heagy will not have any involvement with any searches performed by Heidrick for Morgan Stanley. Ms. Heagy does not receive any compensation, directly or indirectly, for searches performed by Heidrick for Morgan Stanley. | |
* | Mr. Whalen is an interested person (within the meaning of Section 2(a)(19) of the 1940 Act) of certain funds in the Fund Complex by reason of he and his firm currently providing legal services as legal counsel to such funds in the Fund Complex. |
Officers: | ||||||
Term of |
||||||
Office and |
||||||
Position(s) |
Length of |
|||||
Name, Age and |
Held with |
Time |
Principal
Occupation(s) |
|||
Address of Officer | Fund | Served | During Past 5 Years | |||
Edward C. Wood III (52) 1 Parkview Plaza - Suite 100 Oakbrook Terrace, IL 60181 |
President and Principal Executive Officer |
Officer since 2008 |
President and Principal Executive Officer of funds in the Fund Complex since November 2008. Managing Director of Van Kampen Investments Inc., the Adviser, the Distributor, Van Kampen Advisors Inc. and Van Kampen Exchange Corp. since December 2003. Chief Administrative Officer of Van Kampen Investments Inc., the Adviser, Van Kampen Advisors Inc. and Van Kampen Exchange Corp. since December 2002. Chief Operating Officer of the Distributor since December 2002. Director of Van Kampen Advisors Inc., the Distributor and Van Kampen Exchange Corp. since March 2004. Director of the Adviser since August 2008. Director of Van Kampen Investments Inc. and Van Kampen Investor Services Inc. since June 2008. Previously, Director of the Adviser and Van Kampen Investments Inc. from March 2004 to January 2005. | |||
Dennis Shea (55) 522 Fifth Avenue New York, NY 10036 |
Vice President |
Officer since 2006 |
Managing Director of Morgan Stanley Investment Advisors Inc., Morgan Stanley Investment Management Inc., the Adviser and Van Kampen Advisors Inc. Chief Investment OfficerGlobal Equity of the same entities since February 2006. Vice President of Morgan Stanley Institutional and Retail Funds since February 2006. Vice President of funds in the Fund Complex since March 2006. Previously, Managing Director and Director of Global Equity Research at Morgan Stanley from April 2000 to February 2006. | |||
Kevin Klingert (45) 522 Fifth Avenue New York, NY 10036 |
Vice President |
Officer since 2008 |
Vice President of funds in the Fund Complex since May 2008. Chief Operating Officer of the Fixed Income portion of Morgan Stanley Investment Management Inc. since May 2008. Head of Global Liquidity Portfolio Management and co-Head of Liquidity Credit Research of Morgan Stanley Investment Management since December 2007. Managing Director of Morgan Stanley Investment Management Inc. from December 2007 to March 2008. Previously, Managing Director on the Management Committee and head of Municipal Portfolio Management and Liquidity at BlackRock from October 1991 to January 2007. Assistant Vice President municipal portfolio manager at Merrill Lynch from March 1985 to October 1991. |
Van
Kampen Trust for Investment Grade Municipals |
||||||
Trustee
and Officer
Information continued |
||||||
Term of |
||||||
Office and |
||||||
Position(s) |
Length of |
|||||
Name, Age and |
Held with |
Time |
Principal
Occupation(s) |
|||
Address of Officer | Fund | Served | During Past 5 Years | |||
Amy R. Doberman (46) 522 Fifth Avenue New York, NY 10036 |
Vice President |
Officer since 2004 |
Managing Director and General CounselU.S. Investment Management; Managing Director of Morgan Stanley Investment Management Inc., Morgan Stanley Investment Advisors Inc. and the Adviser. Vice President of the Morgan Stanley Institutional and Retail Funds since July 2004 and Vice President of funds in the Fund Complex since August 2004. Previously, Managing Director and General Counsel of Americas, UBS Global Asset Management from July 2000 to July 2004 and General Counsel of Aeltus Investment Management, Inc. from January 1997 to July 2000. | |||
Stefanie V. Chang Yu (42) 522 Fifth Avenue New York, NY 10036 |
Vice President and Secretary |
Officer since 2003 |
Managing Director of Morgan Stanley Investment Management Inc. Vice President and Secretary of funds in the Fund Complex. | |||
John L. Sullivan (53) 1 Parkview Plaza - Suite 100 Oakbrook Terrace, IL 60181 |
Chief Compliance Officer |
Officer since 1998 |
Chief Compliance Officer of funds in the Fund Complex since August 2004. Prior to August 2004, Director and Managing Director of Van Kampen Investments, the Adviser, Van Kampen Advisors Inc. and certain other subsidiaries of Van Kampen Investments, Vice President, Chief Financial Officer and Treasurer of funds in the Fund Complex and head of Fund Accounting for Morgan Stanley Investment Management Inc. Prior to December 2002, Executive Director of Van Kampen Investments, the Adviser and Van Kampen Advisors Inc. | |||
Stuart N. Schuldt (46) 1 Parkview Plaza - Suite 100 Oakbrook Terrace, IL 60181 |
Chief Financial Officer and Treasurer |
Officer since 2007 |
Executive Director of Morgan Stanley Investment Management Inc. since June 2007. Chief Financial Officer and Treasurer of funds in the Fund Complex since June 2007. Prior to June 2007, Senior Vice President of Northern Trust Company, Treasurer and Principal Financial Officer for Northern Trust U.S. mutual fund complex. |
| 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. |
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Calling us at
(800) 847-2424 Monday-Friday between 8 a.m. and 8 p.m. (ET) |
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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 |
(b) | No information need be disclosed pursuant to this paragraph. |
(c) | Due to personnel changes at the Adviser, the list of covered officers set forth in Exhibit B was amended in June 2008 and November 2008 and the general counsels designee set forth in Exhibit C was amended in January 2008. All three editions of Exhibit B and both editions of Exhibit C are attached. |
(d) | Not applicable. |
(e) | Not applicable. |
(f) |
(1) | The Trusts Code of Ethics is attached hereto as Exhibit 12(1). | ||
(2) | Not applicable. | ||
(3) | Not applicable. |
(a)(b)(c)(d) and (g). Based on fees billed for the periods shown: |
Registrant | Covered Entities(1) | |||||||
Audit Fees |
$ | 37,945 | N/A | |||||
Non-Audit
Fees |
||||||||
Audit-Related Fees |
$ | 415 | (3) | $ | 215,000 | (2) | ||
Tax Fees |
$ | 2,750 | (4) | $ | 0 | |||
All Other Fees |
$ | 0 | $ | 0 | ||||
Total Non-Audit Fees |
$ | 3,165 | $ | 215,000 | ||||
Total |
$ | 41,110 | $ | 215,000 |
Registrant | Covered Entities(1) | |||||||
Audit Fees |
$ | 34,475 | N/A | |||||
Non-Audit
Fees
|
||||||||
Audit-Related Fees |
$ | 400 | (3) | $ | 244,200 | (2) | ||
Tax Fees |
$ | 1,600 | (4) | $ | 0 | |||
All Other Fees |
$ | 0 | $ | 0 | ||||
Total Non-Audit Fees |
$ | 2,000 | $ | 244,200 | ||||
Total |
$ | 36,475 | $ | 244,200 |
N/A- Not applicable, as not required by Item 4. | ||
(1) | Covered Entities include the Adviser (excluding sub-advisors) and any entity controlling, controlled by or under common control with the Adviser that provides ongoing services to the Registrant. | |
(2) | Audit-Related Fees represent assurance and related services provided that are reasonably related to the performance of the audit of the financial statements of the Covered Entities and funds advised by the Adviser or its affiliates, specifically attestation services provided in connection with a SAS 70 Report. | |
(3) | Audit-Related Fees represent assurance and related services provided that are reasonably related to the performance of the audit of the financial statements of the Registrant, specifically annual agreed upon procedures for rating agencies. | |
(4) | Tax Fees represent tax advice and compliance services provided in connection with the review of the Registrants tax. |
1 | This Joint Audit Committee Audit and Non-Audit Services Pre-Approval Policy and Procedures (the Policy), amended as of the date above, supercedes and replaces all prior versions that may have been amended from time to time. | |
2 | Terms used in this Policy and not otherwise defined herein shall have the meanings as defined in the Joint Audit Committee Charter. |
- | Van Kampen Investments Inc. | ||
- | Van Kampen Asset Management | ||
- | Van Kampen Advisors Inc. | ||
- | Van Kampen Funds Inc. | ||
- | Van Kampen Investor Services Inc. | ||
- | Morgan Stanley Investment Management Inc. | ||
- | Morgan Stanley Trust Company | ||
- | Morgan Stanley Investment Management Ltd. | ||
- | Morgan Stanley Investment Management Company | ||
- | Morgan Stanley Asset & Investment Trust Management Company Ltd. |
Total Number of | Maximum Number | |||||||||||||||
Shares Purchased 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 |
126,968 | 13.77 | 126,968 | 3,435,456 | ||||||||||||
December |
191,100 | 13.77 | 191,100 | 3,244,356 | ||||||||||||
January |
162,700 | 14.72 | 162,700 | 3,081,656 | ||||||||||||
February |
55,800 | 14.15 | 55,800 | 3,025,856 | ||||||||||||
March |
53,143 | 13.47 | 53,143 | 2,972,713 | ||||||||||||
April |
20,000 | 14.04 | 20,000 | 2,952,713 | ||||||||||||
May |
39,170 | 14.14 | 39,170 | 2,913,543 | ||||||||||||
June |
8,700 | 14.14 | 8,700 | 2,904,843 | ||||||||||||
July |
15,000 | 13.68 | 15,000 | 2,889,843 | ||||||||||||
August |
| | | 2,889,843 | ||||||||||||
September |
38,600 | 12.18 | 38,600 | 2,851,243 | ||||||||||||
October |
66,400 | 9.97 | 66,400 | 2,784,843 |
By:
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/s/ Edward C. Wood III | |||
Name: Edward C. Wood III Title: Principal Executive Officer Date: December 17, 2008 |
By:
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/s/ Edward C. Wood III | |||
Name: Edward C. Wood III Title: Principal Executive Officer Date: December 17, 2008 |
By:
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/s/ Stuart N. Schuldt | |||
Name: Stuart N. Schuldt Title: Principal Financial Officer Date: December 17, 2008 |