UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act File number 811-5611
Name of Fund: MuniVest Fund, Inc
Fund Address: P.O. Box 9011
Princeton, NJ 08543-9011
Name and address of agent for service: Robert C. Doll, Jr., Chief Executive
Officer, MuniVest Fund, Inc, 800 Scudders Mill Road, Plainsboro, NJ
08536. Mailing address: P.O. Box 9011, Princeton, NJ 08543-9011
Registrant's telephone number, including area code: (609) 282-2800
Date of fiscal year end: 08/31/2006
Date of reporting period: 09/01/05 - 11/30/05
Item 1 - Schedule of Investments
MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Alabama - 2.8% $ 2,550 Camden, Alabama, IDB, Exempt Facilities Revenue Bonds (Weyerhaeuser Company),
Series A, 6.125% due 12/01/2024 $ 2,812
3,500 Huntsville, Alabama, Health Care Authority Revenue Bonds, Series A, 5.75%
due 6/01/2031 3,666
5,000 Huntsville, Alabama, Health Care Authority Revenue Bonds, Series B, 5.75%
due 6/01/2032 5,264
5,000 Selma, Alabama, IDB, Environmental Improvement Revenue Refunding Bonds
(International Paper Company Project), Series B, 5.50% due 5/01/2020 5,233
-----------------------------------------------------------------------------------------------------------------------------------
Alaska - 1.3% 7,405 Anchorage, Alaska, Lease Revenue Bonds (Correctional Facility), 6% due 2/01/2010
(a)(i) 8,115
-----------------------------------------------------------------------------------------------------------------------------------
Arizona - 1.6% 4,375 Maricopa County, Arizona, IDA, Education Revenue Bonds (Arizona Charter Schools
Project 1), Series A, 6.75% due 7/01/2029 4,393
2,100 Pima County, Arizona, IDA, Education Revenue Bonds (Arizona Charter Schools
Project), Series E, 7.25% due 7/01/2031 2,269
500 Pima County, Arizona, IDA, Education Revenue Bonds (Arizona Charter Schools
Project), Series I, 6.10% due 7/01/2024 515
1,000 Pima County, Arizona, IDA, Education Revenue Bonds (Arizona Charter Schools
Project), Series I, 6.30% due 7/01/2031 1,033
1,610 Pima County, Arizona, IDA, Education Revenue Refunding Bonds (Arizona Charter
Schools Project II), Series A, 6.75% due 7/01/2021 1,706
-----------------------------------------------------------------------------------------------------------------------------------
California - 20.2% 5,000 California State Public Works Board, Lease Revenue Bonds (Department of
Corrections), Series C, 5.50% due 6/01/2022 5,361
6,000 California State Public Works Board, Lease Revenue Bonds (Department of
Corrections), Series C, 5.50% due 6/01/2023 6,429
11,075 California State Public Works Board, Lease Revenue Bonds (Department of Mental
Health - Coalinga State Hospital), Series A, 5.125% due 6/01/2029 11,339
13,570 California State, Various Purpose, GO, 5.50% due 4/01/2030 14,533
16,250 California State, Various Purpose, GO, 5.50% due 11/01/2033 17,465
5,240 California Statewide Communities Development Authority, Health Facility Revenue
Bonds (Memorial Health Services), Series A, 6% due 10/01/2023 5,757
Portfolio Abbreviations
To simplify the listings of MuniVest Fund, Inc.'s portfolio holdings in the
Schedule of Investments, we have abbreviated the names of many of the securities
according to the list below.
AMT Alternative Minimum Tax (subject to)
DRIVERS Derivative Inverse Tax-Exempt Receipts
EDA Economic Development Authority
GO General Obligation Bonds
HDA Housing Development Authority
HFA Housing Finance Agency
IDA Industrial Development Authority
IDB Industrial Development Board
IDR Industrial Development Revenue Bonds
M/F Multi-Family
PCR Pollution Control Revenue Bonds
RIB Residual Interest Bonds
S/F Single-Family
VRDN Variable Rate Demand Notes
MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 1,250 Chula Vista, California, IDR (San Diego Gas and Electric Company), AMT, Series B,
5% due 12/01/2027 $ 1,259
10,725 Golden State Tobacco Securitization Corporation of California, Tobacco Settlement
Revenue Bonds, Series A-3, 7.875% due 6/01/2042 12,895
3,750 Golden State Tobacco Securitization Corporation of California, Tobacco Settlement
Revenue Bonds, Series A-4, 7.80% due 6/01/2042 4,491
1,425 Golden State Tobacco Securitization Corporation of California, Tobacco Settlement
Revenue Bonds, Series A-5, 7.875% due 6/01/2042 1,713
13,900 Golden State Tobacco Securitization Corporation of California, Tobacco Settlement
Revenue Bonds, Series B, 5.375% due 6/01/2010 (a) 14,969
8,850 Golden State Tobacco Securitization Corporation of California, Tobacco Settlement
Revenue Bonds, Series B, 5.50% due 6/01/2013 (a) 9,796
15,000 Golden State Tobacco Securitization Corporation of California, Tobacco Settlement
Revenue Bonds, Series B, 5.50% due 6/01/2013 (a)(f) 16,603
-----------------------------------------------------------------------------------------------------------------------------------
Colorado - 0.9% 880 Colorado HFA, Revenue Refunding Bonds (S/F Program), AMT, Senior Series A-2,
6.60% due 5/01/2028 908
295 Colorado HFA, Revenue Refunding Bonds (S/F Program), AMT, Senior Series A-2,
7.50% due 4/01/2031 311
3,000 Colorado Health Facilities Authority Revenue Bonds (Lutheran Medical Center),
Series A, 5.25% due 6/01/2034 3,051
1,000 Moffat County, Colorado, PCR, Refunding (PacifiCorp Projects), VRDN, 3.05%
due 5/01/2013 (h)(l) 1,000
-----------------------------------------------------------------------------------------------------------------------------------
Connecticut - 0.5% 2,810 Mohegan Tribe Indians Gaming Authority, Connecticut, Public Improvement Revenue
Refunding Bonds (Priority Distribution), 6.25% due 1/01/2031 3,006
-----------------------------------------------------------------------------------------------------------------------------------
Delaware - 0.0% 200 University of Delaware, Revenue Refunding Bonds, VRDN, 3% due 11/01/2035 (l) 200
-----------------------------------------------------------------------------------------------------------------------------------
Florida - 3.2% 2,150 Highlands County, Florida, Health Facilities Authority, Hospital Revenue Bonds
(Adventist Health System), Series D, 5% due 11/15/2035 2,163
6,000 Highlands County, Florida, Health Facilities Authority, Hospital Revenue Bonds
(Adventist Health System), Series D, 5.375% due 11/15/2035 6,204
10,320 Orange County, Florida, Health Facilities Authority, Hospital Revenue Bonds
(Adventist Health System), 5.625% due 11/15/2032 10,955
-----------------------------------------------------------------------------------------------------------------------------------
Georgia - 3.0% 4,600 Georgia Municipal Electric Authority, Power Revenue Refunding Bonds, Series W,
6.60% due 1/01/2018 5,398
250 Georgia Municipal Electric Authority, Power Revenue Refunding Bonds, Series W,
6.60% due 1/01/2018 (e) 293
250 Georgia Municipal Electric Authority, Power Revenue Refunding Bonds, Series Y,
10% due 1/01/2010 (e) 309
4,390 Milledgeville-Baldwin County, Georgia, Development Authority Revenue Bonds
(Georgia College and State University Foundation), 5.50% due 9/01/2024 4,617
2,000 Milledgeville-Baldwin County, Georgia, Development Authority Revenue Bonds
(Georgia College and State University Foundation), 5.625% due 9/01/2030 2,096
4,785 Monroe County, Georgia, Development Authority, PCR, Refunding (Oglethorpe Power
Corporation-Scherer), Series A, 6.80% due 1/01/2011 5,422
-----------------------------------------------------------------------------------------------------------------------------------
Idaho - 0.1% 815 Idaho Housing Agency, S/F Mortgage Revenue Refunding Bonds, AMT, Series E-2,
6.90% due 1/01/2027 828
-----------------------------------------------------------------------------------------------------------------------------------
MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Illinois - 17.3% $ 5,000 Chicago, Illinois, O'Hare International Airport, General Airport Revenue
Refunding Bonds, Third Lien, AMT, Series A, 5.75% due 1/01/2019 (c) $ 5,357
11,200 Chicago, Illinois, O'Hare International Airport Revenue Bonds, 3rd Lien, AMT,
Series B-2, 6% due 1/01/2029 (n) 12,408
8,540 Chicago, Illinois, O'Hare International Airport Revenue Bonds, DRIVERS, AMT,
Series 368, 8.603% due 7/01/2011 (c)(m) 10,419
7,000 Chicago, Illinois, O'Hare International Airport, Revenue Refunding Bonds,
DRIVERS, AMT, Series 253, 8.109% due 1/01/2020 (c)(m) 7,999
120 Chicago, Illinois, S/F Mortgage Revenue Bonds, AMT, Series C, 7% due 3/01/2032
(d)(k) 121
10,000 Hodgkins, Illinois, Environmental Improvement Revenue Bonds (Metro Biosolids
Management LLC Project), AMT, 6% due 11/01/2023 10,560
2,140 Illinois Development Finance Authority Revenue Bonds (Community Rehabilitation
Providers Facilities), Series A, 6.50% due 7/01/2022 2,316
1,365 Illinois Development Finance Authority, Revenue Refunding Bonds (Community
Rehabilitation Providers Facilities), Series A, 6% due 7/01/2015 1,404
1,105 Illinois HDA, Revenue Refunding Bonds (M/F Program), Series 5, 6.75%
due 9/01/2023 1,111
300 Illinois State Finance Authority Revenue Bonds (Northwestern University), VRDN,
Sub-Series A, 2.98% due 12/01/2034 (l) 300
5,245 Kane and De Kalb Counties, Illinois, Community Unit School District Number 302,
GO, DRIVERS, Series 283, 8.14% due 2/01/2018 (f)(m) 6,439
5,000 McLean and Woodford Counties, Illinois, Community Unit, School District Number
005, GO, Refunding, 6.25% due 12/01/2014 (i) 5,665
4,000 McLean and Woodford Counties, Illinois, Community Unit, School District Number
005, GO, Refunding, 6.375% due 12/01/2016 (i) 4,560
18,550 Metropolitan Pier and Exposition Authority, Illinois, Dedicated State Tax Revenue
Refunding Bonds (McCormick Place Expansion Project), Series B, 5.75%
due 6/15/2023 (c) 20,641
3,500 Regional Transportation Authority, Illinois, Revenue Bonds, Series A, 7.20%
due 11/01/2020 (h) 4,378
4,000 Regional Transportation Authority, Illinois, Revenue Bonds, Series C, 7.75%
due 6/01/2020 (f) 5,457
3,000 Will County, Illinois, Environmental Revenue Bonds (Mobil Oil Refining
Corporation Project), AMT, 6.40% due 4/01/2026 3,087
1,475 Will County, Illinois, School District Number 122 (New Lenox Elementary), GO,
Series A, 6.50% due 11/01/2010 (a)(i) 1,668
505 Will County, Illinois, School District Number 122 (New Lenox Elementary), GO,
Series A, 6.50% due 11/01/2013 (i) 567
395 Will County, Illinois, School District Number 122 (New Lenox Elementary), GO,
Series A, 6.50% due 11/01/2015 (i) 444
-----------------------------------------------------------------------------------------------------------------------------------
Indiana - 6.6% 1,700 Fort Wayne, Indiana, PCR, Refunding (General Motors Corporation Project),
6.20% due 10/15/2025 1,332
6,500 Indiana Health Facility Financing Authority, Hospital Revenue Refunding Bonds
(Clarian Health Partners Inc.), Series A, 6% due 2/15/2007 (a) 6,828
4,290 Indiana State, HFA, S/F Mortgage Revenue Refunding Bonds, Series A, 6.80%
due 1/01/2017 (j) 4,296
MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 8,195 Indiana Transportation Finance Authority, Highway Revenue Bonds, Series A, 6.80%
due 12/01/2016 $ 9,799
15,335 Indianapolis, Indiana, Local Public Improvement Bond Bank, Revenue Refunding
Bonds, Series D, 6.75% due 2/01/2014 (e) 17,842
-----------------------------------------------------------------------------------------------------------------------------------
Kansas - 0.6% 3,805 Sedgwick and Shawnee Counties, Kansas, S/F Mortgage Revenue Bonds (Mortgage
Backed Securities Program), AMT, Series A-4, 5.95% due 12/01/2033 (d) 3,922
-----------------------------------------------------------------------------------------------------------------------------------
Louisiana - 2.7% 10,575 Louisiana Local Government, Environmental Facilities, Community Development
Authority Revenue Bonds (Capital Projects and Equipment Acquisition), Series A,
6.30% due 7/01/2030 (h) 11,619
4,960 Louisiana Public Facilities Authority, Hospital Revenue Bonds (Franciscan
Missionaries of Our Lady Health System, Inc.), Series A, 5.25% due 8/15/2036 5,055
-----------------------------------------------------------------------------------------------------------------------------------
Maine - 0.3% 775 Portland, Maine, Housing Development Corporation, Senior Living Revenue Bonds
(Avesta Housing Development Corporation Project), Series A, 5.70% due 8/01/2021 798
1,190 Portland, Maine, Housing Development Corporation, Senior Living Revenue Bonds
(Avesta Housing Development Corporation Project), Series A, 6% due 2/01/2034 1,229
-----------------------------------------------------------------------------------------------------------------------------------
Maryland - 0.2% 1,425 Maryland State Health and Higher Educational Facilities Authority, Revenue Bonds
(Union Hospital of Cecil County), 5% due 7/01/2035 1,437
-----------------------------------------------------------------------------------------------------------------------------------
Massachusetts - 9.3% 2,035 Boston, Massachusetts, Water and Sewer Commission Revenue Bonds, 9.25%
due 1/01/2011 (e) 2,510
3,010 Massachusetts Bay Transportation Authority Revenue Refunding Bonds (General
Transportation System), Series A, 7% due 3/01/2019 3,740
10,000 Massachusetts State School Building Authority, Dedicated Sales Tax Revenue Bonds,
DRIVERS, Series 1052, 6.656% due 8/15/2013 (i)(m) 10,746
30,000 Massachusetts State Water Resource Authority Revenue Bonds, Series A, 6.50%
due 7/15/2019 35,823
1,000 Massachusetts State Water Resource Authority, Revenue Refunding Bonds, Series A,
6% due 8/01/2010 (a)(f) 1,108
2,480 Massachusetts State Water Resource Authority, Revenue Refunding Bonds, Series A,
6% due 8/01/2010 (a)(f) 2,748
-----------------------------------------------------------------------------------------------------------------------------------
Michigan - 3.4% 7,695 Delta County, Michigan, Economic Development Corporation, Environmental
Improvement Revenue Refunding Bonds (Mead Westvaco-Escanaba), Series A, 6.25%
due 4/15/2012 (a) 8,794
3,715 Macomb County, Michigan, Hospital Finance Authority, Hospital Revenue Bonds
(Mount Clemens General Hospital), Series B, 5.75% due 11/15/2025 3,736
5,250 Macomb County, Michigan, Hospital Finance Authority, Hospital Revenue Bonds
(Mount Clemens General Hospital), Series B, 5.875% due 11/15/2034 5,310
1,900 Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds
(Crittenton Hospital), Series A, 5.625% due 3/01/2027 1,995
1,000 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Sinai
Hospital), 6.70% due 1/01/2026 1,009
-----------------------------------------------------------------------------------------------------------------------------------
Minnesota - 1.5% 7,235 Minneapolis, Minnesota, Health Care System Revenue Bonds (Allina Health System),
Series A, 5.75% due 11/15/2032 7,677
1,405 Saint Cloud, Minnesota, Health Care Revenue Refunding Bonds (Saint Cloud Hospital
Obligation Group), Series A, 6.25% due 5/01/2017 (i) 1,560
-----------------------------------------------------------------------------------------------------------------------------------
Mississippi - 5.1% 3,710 Lowndes County, Mississippi, Solid Waste Disposal and PCR, Refunding
(Weyerhaeuser Company Project), Series A, 6.80% due 4/01/2022 4,462
MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 4,500 Lowndes County, Mississippi, Solid Waste Disposal and PCR, Refunding
(Weyerhaeuser Company Project), Series B, 6.70% due 4/01/2022 $ 5,362
20,705 Mississippi Business Finance Corporation, Mississippi, PCR, Refunding (System
Energy Resources Inc. Project), 5.875% due 4/01/2022 21,069
-----------------------------------------------------------------------------------------------------------------------------------
Missouri - 0.5% 2,600 Missouri State Development Finance Board, Infrastructure Facilities, Revenue
Refunding Bonds (Branson), Series A, 5.50% due 12/01/2032 2,679
265 Missouri State Housing Development Commission, S/F Mortgage Revenue Bonds
(Homeowner Loan), AMT, Series A, 7.50% due 3/01/2031 (d) 273
-----------------------------------------------------------------------------------------------------------------------------------
Montana - 1.0% 6,000 Forsyth, Montana, PCR, Refunding (Portland General Electric Company), Series A,
5.20% due 5/01/2033 6,203
-----------------------------------------------------------------------------------------------------------------------------------
Nebraska - 0.1% 655 Nebraska Investment Finance Authority, S/F Housing Revenue Bonds, AMT, Series C,
6.30% due 9/01/2028 (d)(k) 658
-----------------------------------------------------------------------------------------------------------------------------------
Nevada - 2.0% 6,700 Clark County, Nevada, IDR (Power Company Project), AMT, Series A, 6.70%
due 6/01/2022 (f) 6,938
3,475 Nevada Housing Division, Multi-Unit Housing Revenue Bonds (Arville Electric
Project), AMT, 6.60% due 10/01/2023 (b) 3,558
1,235 Nevada Housing Division Revenue Bonds (Multi-Unit Housing), AMT, Issue B, 7.45%
due 10/01/2017 (b) 1,249
185 Nevada Housing Division Revenue Bonds (S/F Program), AMT, Senior Series E, 7%
due 10/01/2019 (j) 186
35 Nevada Housing Division Revenue Bonds (S/F Program), AMT, Series A, 6.55%
due 10/01/2012 (j) 35
-----------------------------------------------------------------------------------------------------------------------------------
New Hampshire - 0.5% 2,675 New Hampshire Health and Education Facilities Authority, Revenue Refunding Bonds
(Elliot Hospital), Series B, 5.60% due 10/01/2022 2,813
-----------------------------------------------------------------------------------------------------------------------------------
New Jersey - 6.7% 9,080 New Jersey EDA, Cigarette Tax Revenue Bonds, 5.50% due 6/15/2024 9,423
2,885 New Jersey EDA, Cigarette Tax Revenue Bonds, 5.75% due 6/15/2029 3,024
2,855 New Jersey EDA, Cigarette Tax Revenue Bonds, 5.50% due 6/15/2031 2,929
6,695 New Jersey EDA, Cigarette Tax Revenue Bonds, 5.75% due 6/15/2034 6,984
2,655 New Jersey EDA, School Facilities Construction Revenue Bonds, Series O, 5.125%
due 3/01/2028 2,755
5,850 New Jersey EDA, School Facilities Construction Revenue Bonds, Series O, 5.125%
due 3/01/2030 6,061
8,480 Tobacco Settlement Financing Corporation of New Jersey, Asset-Backed Revenue
Bonds, 7% due 6/01/2041 9,627
-----------------------------------------------------------------------------------------------------------------------------------
New Mexico - 0.6% 3,300 Farmington, New Mexico, PCR, Refunding (Public Service Company-San Juan Project),
Series A, 5.80% due 4/01/2022 3,364
-----------------------------------------------------------------------------------------------------------------------------------
New York - 16.2% 6,000 Metropolitan Transportation Authority, New York, Revenue Refunding Bonds,
Series A, 5.125% due 11/15/2031 6,215
7,600 Metropolitan Transportation Authority, New York, Transportation Revenue Refunding
Bonds, Series F, 5% due 11/15/2030 7,779
2,500 Metropolitan Transportation Authority, New York, Transportation Revenue Refunding
Bonds, Series F, 5% due 11/15/2035 2,553
7,875 New York City, New York, City Transitional Finance Authority Revenue Bonds, RIB,
Series 283, 5% due 5/15/2010 (a)(m) 9,811
965 New York City, New York, GO, Refunding, Series A, 6.375% due 5/15/2014 (f) 1,082
4,000 New York City, New York, GO, Refunding, Series G, 5% due 12/01/2033 4,073
7,150 New York City, New York, GO, Series F, 5.25% due 1/15/2033 7,456
MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 360 New York City, New York, GO, Series I, 6.25% due 4/15/2007 (a)(n) $ 378
20 New York City, New York, GO, Series I, 6.25% due 4/15/2017 (n) 21
7,875 New York City, New York, GO, Series M, 5% due 4/01/2035 8,022
9,000 New York City, New York, GO, Series O, 5% due 6/01/2030 9,191
12,500 New York City, New York, GO, Series O, 5% due 6/01/2033 12,742
3,300 New York Convention Center Development Corporation, New York, Revenue Bonds
(Hotel Unit Fee Secured), 5% due 11/15/2035 (h) 3,420
1,000 New York State Dormitory Authority, Revenue Refunding Bonds (Mount Sinai Health),
Series A, 6.50% due 7/01/2025 1,059
11,875 New York State Dormitory Authority, Revenue Refunding Bonds, RIB, Series 305,
8.65% due 5/15/2015 (c)(m) 14,439
9,780 New York State Dormitory Authority, State Personal Income Tax Revenue Bonds
(Education), Series F, 5% due 3/15/2035 10,035
-----------------------------------------------------------------------------------------------------------------------------------
North Carolina - 0.6% 3,760 Gaston County, North Carolina, Industrial Facilities and Pollution Control
Financing Authority, Revenue Bonds (National Gypsum Company Project), AMT, 5.75%
due 8/01/2035 3,898
-----------------------------------------------------------------------------------------------------------------------------------
Ohio - 0.2% 1,000 Montgomery County, Ohio, Revenue Refunding Bonds (Miami Valley Hospital), VRDN,
Series A, 3% due 11/15/2022 (l) 1,000
-----------------------------------------------------------------------------------------------------------------------------------
Oklahoma - 0.8% 5,000 Oklahoma State Industries Authority, Revenue Refunding Bonds (Integris Baptist),
VRDN, Series B, 3% due 8/15/2029 (c)(l) 5,000
-----------------------------------------------------------------------------------------------------------------------------------
Oregon - 0.7% 3,305 Portland, Oregon, Sewer System Revenue Bonds, RIB, Series 386, 8.15%
due 8/01/2020 (f)(m) 3,937
-----------------------------------------------------------------------------------------------------------------------------------
Pennsylvania - 4.1% 2,440 Pennsylvania State Higher Education Assistance Agency Revenue Bonds, Capital
Acquisition, 6.125% due 12/15/2010 (a)(c) 2,727
6,250 Pennsylvania State Higher Educational Facilities Authority Revenue Bonds
(University of Pennsylvania Medical Center Health System), Series A, 6%
due 1/15/2031 6,766
1,000 Philadelphia, Pennsylvania, Authority for Industrial Development, Senior Living
Revenue Bonds (Arbor House Inc. Project), Series E, 6.10% due 7/01/2033 1,040
1,355 Philadelphia, Pennsylvania, Authority for Industrial Development, Senior Living
Revenue Bonds (Rieder House Project), Series A, 6.10% due 7/01/2033 1,409
9,280 Sayre, Pennsylvania, Health Care Facilities Authority, Revenue Bonds (Guthrie
Healthcare System), Series B, 7.125% due 12/01/2031 10,958
1,750 Sayre, Pennsylvania, Health Care Facilities Authority, Revenue Refunding Bonds
(Guthrie Healthcare System), Series A, 6.25% due 12/01/2018 1,932
-----------------------------------------------------------------------------------------------------------------------------------
South Carolina - 2.0% 3,500 Lexington County, South Carolina, Health Services District Inc., Hospital
Revenue Refunding and Improvement Bonds, 5.50% due 11/01/2032 3,636
2,450 Medical University Hospital Authority, South Carolina, Hospital Facilities,
Revenue Refunding Bonds, 6.50% due 8/15/2012 (a) 2,848
5,000 Richland County, South Carolina, Environmental Improvement Revenue Refunding
Bonds (International Paper), AMT, 6.10% due 4/01/2023 5,346
-----------------------------------------------------------------------------------------------------------------------------------
Tennessee - 1.6% 2,000 McMinn County, Tennessee, IDB, Solid Waste Revenue Bonds (Recycling
Facility-Calhoun Newsprint), AMT, 7.40% due 12/01/2022 2,022
MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 6,500 Shelby County, Tennessee, Health, Educational and Housing Facility Board,
Hospital Revenue Refunding Bonds (Methodist Healthcare), 6.50% due 9/01/2012 (a) $ 7,563
-----------------------------------------------------------------------------------------------------------------------------------
Texas - 21.9% 6,000 Austin, Texas, Convention Center Revenue Bonds (Convention Enterprises Inc.),
First Tier, Series A, 6.70% due 1/01/2028 6,407
1,290 Austin, Texas, Convention Center Revenue Bonds (Convention Enterprises Inc.),
First Tier, Series A, 6.70% due 1/01/2032 1,361
2,200 Bell County, Texas, Health Facilities Development Corporation, Hospital Revenue
Bonds (Scott & White Memorial Hospital), VRDN, Series 2001-2, 3% due 8/15/2031
(c)(l) 2,200
100 Bell County, Texas, Health Facilities Development Corporation, Hospital Revenue
Bonds (Scott & White Memorial Hospital), VRDN, Series B-1, 3% due 8/15/2029
(c)(l) 100
3,000 Brazos River Authority, Texas, PCR, Refunding (Texas Utilities Electric Company
Project), AMT, Series B, 5.40% due 5/01/2029 3,025
3,055 Brazos River Authority, Texas, PCR, Refunding (Texas Utility Company), AMT,
Series A, 7.70% due 4/01/2033 3,575
11,870 Brazos River Authority, Texas, PCR, Refunding (Utilities Electric Company), AMT,
Series B, 5.05% due 6/01/2030 11,953
11,460 Brazos River, Texas, Harbor Navigation District, Brazoria County, Environmental
Revenue Refunding Bonds (Dow Chemical Company Project), AMT, Series A-7, 6.625%
due 5/15/2033 12,711
3,000 Gregg County, Texas, Health Facilities Development Corporation, Hospital Revenue
Bonds (Good Shepherd Medical Center Project), 6.875% due 10/01/2020 (g) 3,369
10,250 Guadalupe-Blanco River Authority, Texas, Sewage and Solid Waste Disposal Facility
Revenue Bonds (E. I. du Pont de Nemours and Company Project), AMT, 6.40%
due 4/01/2026 10,531
8,000 Gulf Coast, Texas, Waste Disposal Authority, Revenue Refunding Bonds
(International Paper Company), AMT, Series A, 6.10% due 8/01/2024 8,484
5,500 Harris County, Houston, Texas, Sports Authority, Revenue Refunding Bonds, Senior
Lien, Series G, 5.75% due 11/15/2020 (c) 5,993
10,485 Harris County, Texas, Health Facilities Development Corporation, Revenue
Refunding Bonds, DRIVERS, Series 1018, 8.134% due 7/01/2010 (m) 13,978
1,100 Harris County, Texas, Health Facilities Development Corporation, Revenue
Refunding Bonds (Methodist Hospital), VRDN, Series B, 3% due 12/01/2032 (l) 1,100
1,795 Houston, Texas, Industrial Development Corporation Revenue Bonds (Air Cargo),
AMT, 6.375% due 1/01/2023 1,882
2,095 Kerrville, Texas, Health Facilities Development Corporation, Hospital Revenue
Bonds (Sid Peterson Memorial Hospital Project), 5.125% due 8/15/2026 2,070
3,600 Kerrville, Texas, Health Facilities Development Corporation, Hospital Revenue
Bonds (Sid Peterson Memorial Hospital Project), 5.45% due 8/15/2035 3,596
2,030 Mansfield, Texas, Independent School District, GO, Refunding, 6.625%
due 2/15/2015 2,268
9,355 Matagorda County, Texas, Navigation District Number 1, Revenue Refunding Bonds
(Centerpoint Energy Project), 5.60% due 3/01/2027 9,746
5,225 Midway, Texas, Independent School District, GO, Refunding, 6.125% due 8/15/2014 5,768
MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 2,700 Port Corpus Christi, Texas, Revenue Refunding Bonds (Celanese Project), Series A,
6.45% due 11/01/2030 $ 2,848
5,000 Red River Authority, Texas, PCR, Refunding (Celanese Project), AMT, Series B,
6.70% due 11/01/2030 5,303
7,280 Sabine River Authority, Texas, PCR, Refunding (TXU Electric Company Project/TXU
Energy Company LLC), Series C, 5.20% due 5/01/2028 7,280
6,250 San Antonio, Texas, Electric and Gas Revenue Bonds, RIB, Series 469x, 8.20%
due 2/01/2014 (m) 7,323
-----------------------------------------------------------------------------------------------------------------------------------
Utah - 0.4% 2,600 Murray City, Utah, Hospital Revenue Bonds (IHC Health Services, Inc.), VRDN,
Series A, 3% due 5/15/2037 (l) 2,600
-----------------------------------------------------------------------------------------------------------------------------------
Vermont - 0.2% 1,000 Vermont Educational and Health Buildings Financing Agency, Developmental and
Mental Health Revenue Bonds (Howard Center for Human Services), Series A, 6.375%
due 6/15/2022 1,055
-----------------------------------------------------------------------------------------------------------------------------------
Virginia - 0.3% 1,425 Chesterfield County, Virginia, IDA, PCR (Virginia Electric and Power Company),
Series A, 5.875% due 6/01/2017 1,524
-----------------------------------------------------------------------------------------------------------------------------------
Washington - 8.2% 5,330 Energy Northwest, Washington, Electric Revenue Refunding Bonds, DRIVERS, Series
248, 8.14% due 7/01/2018 (c)(m) 6,420
3,510 Energy Northwest, Washington, Electric Revenue Refunding Bonds, DRIVERS, Series
255, 8.637% due 7/01/2018 (h)(m) 4,346
7,350 Energy Northwest, Washington, Electric Revenue Refunding Bonds, DRIVERS, Series
256, 8.639% due 7/01/2017 (c)(m) 9,145
2,400 Seattle, Washington, Housing Authority Revenue Bonds (Replacement Housing
Project), 6.125% due 12/01/2032 2,386
8,100 Washington State, GO, Trust Receipts, Class R, Series 6, 8.567% due 1/01/2014
(i)(m) 9,629
14,320 Washington State Public Power Supply System, Revenue Refunding Bonds (Nuclear
Project Number 1), Series B, 7.125% due 7/01/2016 17,779
-----------------------------------------------------------------------------------------------------------------------------------
Wisconsin - 2.4% 4,200 Badger Tobacco Asset Securitization Corporation, Wisconsin, Asset-Backed Revenue
Bonds, 6.125% due 6/01/2027 4,405
1,765 Milwaukee, Wisconsin, Revenue Bonds (Air Cargo), AMT, 6.50% due 1/01/2025 1,851
5,000 Wisconsin State Health and Educational Facilities Authority, Mortgage Revenue
Bonds (Hudson Memorial Hospital), 5.70% due 1/15/2029 (j) 5,256
3,040 Wisconsin State Health and Educational Facilities Authority Revenue Bonds
(Synergyhealth Inc.), 6% due 11/15/2032 3,229
-----------------------------------------------------------------------------------------------------------------------------------
Wyoming - 2.1% 5,425 Sweetwater County, Wyoming, Solid Waste Disposal Revenue Bonds (FMC Corporation
Project), AMT, Series A, 7% due 6/01/2024 5,461
7,475 Sweetwater County, Wyoming, Solid Waste Disposal Revenue Bonds (FMC Corporation
Project), AMT, Series B, 6.90% due 9/01/2024 7,538
-----------------------------------------------------------------------------------------------------------------------------------
U.S. Virgin Islands - 1.5% 8,000 Virgin Islands Government Refinery Facilities, Revenue Refunding Bonds (Hovensa
Coker Project), AMT, 6.50% due 7/01/2021 9,021
===================================================================================================================================
Total Investments (Cost - $881,967*) - 155.2% 942,717
Liabilities in Excess of Other Assets - (0.2%) (1,317)
Preferred Stock, at Redemption Value - (55.0%) (334,032)
---------
Net Assets Applicable to Common Stock - (100%) $ 607,368
=========
MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
* The cost and unrealized appreciation (depreciation) of investments as of
November 30, 2005, as computed for federal income tax purposes, were as
follows:
Aggregate cost $ 882,040
=========
Gross unrealized appreciation $ 62,156
Gross unrealized depreciation (1,479)
---------
Net unrealized appreciation $ 60,677
=========
(a) Prerefunded.
(b) FNMA Collateralized.
(c) MBIA Insured.
(d) FNMA/GNMA Collateralized.
(e) Escrowed to maturity.
(f) FGIC Insured.
(g) Radian Insured.
(h) AMBAC Insured.
(i) FSA Insured.
(j) FHA Insured.
(k) FHLMC Collateralized.
(l) Security may have a maturity of more than one year at time of issuance,
but has variable rate and demand features that qualify it as a short-term
security. The rate disclosed is that currently in effect. This rate
changes periodically based upon prevailing market rates.
(m) The rate disclosed is that currently in effect. This rate changes
periodically and inversely based upon prevailing market rates.
(n) XL Capital Insured.
Forward interest rate swaps outstanding as of November 30, 2005 were as
follows:
------------------------------------------------------------------------------------------------------
Notional Unrealized
Amount Appreciation
------------------------------------------------------------------------------------------------------
Receive a variable rate equal to 7-Day Bond Market Association
Municipal Swap Index Rate and pay a fixed rate of 3.852%
Broker, JPMorgan Chase Bank
Expires January 2016 $43,500 $31
------------------------------------------------------------------------------------------------------
Item 2 - Controls and Procedures
2(a) - The registrant's certifying officers have reasonably designed such
disclosure controls and procedures to ensure material information
relating to the registrant is made known to us by others particularly
during the period in which this report is being prepared. The
registrant's certifying officers have determined that the registrant's
disclosure controls and procedures are effective based on our evaluation
of these controls and procedures as of a date within 90 days prior to the
filing date of this report.
2(b) - There were no changes in the registrant's internal control over
financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR
270.30a-3(d)) that occurred during the last fiscal quarter of the period
covered by this report that has materially affected, or is reasonably
likely to materially affect, the registrant's internal control over
financial reporting.
Item 3 - Exhibits
Certifications - Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
MuniVest Fund, Inc
By: /s/ Robert C. Doll, Jr.
-----------------------
Robert C. Doll, Jr.
Chief Executive Officer
MuniVest Fund, Inc
Date: January 25, 2006
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By: /s/ Robert C. Doll, Jr.
-----------------------
Robert C. Doll, Jr.
Chief Executive Officer
MuniVest Fund, Inc
Date: January 25, 2006
By: /s/ Donald C. Burke
-----------------------
Donald C. Burke
Chief Financial Officer
MuniVest Fund, Inc
Date: January 25, 2006