Principal Amount
|
Value
|
†
|
||||
($000's omitted)
|
($000's omitted)
|
z
|
||||
Municipal Notes (158.6%)
|
||||||
Alabama (0.7%)
|
||||||
1,900
|
Selma IDB Rev. (Int'l Paper Co. Proj.), Ser. 2011-A, 5.38%, due 12/1/35
|
2,119
|
ß
|
|||
Arizona (6.5%)
|
||||||
5,000
|
Arizona Sch. Fac. Board Cert. of Participation, Ser. 2008, (Assured Guaranty Insured), 5.13%, due 9/1/21 Pre-Refunded 9/1/18
|
5,631
|
||||
5,870
|
Mohave Co. Ind. Dev. Au. Correctional Fac. Contract Rev. (Mohave Prison LLC Expansion Proj.), Ser. 2008, 7.50%, due 5/1/19
|
6,609
|
ß
|
|||
3,500
|
Phoenix Ind. Dev. Au. Ed. Rev. (Great Hearts Academies Proj.), Ser. 2014, 3.75%, due 7/1/24
|
3,479
|
ñß
|
|||
1,500
|
Phoenix Ind. Dev. Au. Solid Waste Disp. Rev. (Vieste Spec. LLC), Ser. 2013-A, 4.38%, due 4/1/28
|
1,202
|
ß
|
|||
400
|
Phoenix-Mesa Gateway Arpt. Au. Spec. Fac. Rev. (Mesa Proj.), Ser. 2012, 5.00%, due 7/1/24
|
454
|
||||
1,745
|
Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2006, 5.05%, due 7/15/18
|
1,787
|
||||
19,162
|
||||||
California (30.2%)
|
||||||
190
|
California HFA Rev. (Home Mtge.), Ser. 2007-E, 5.00%, due 2/1/42
|
196
|
||||
1,755
|
California HFA Rev. (Home Mtge.), Ser. 2006-E, (FGIC Insured), 4.95%, due 8/1/26
|
1,784
|
||||
2,250
|
California Hlth. Facs. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.), Ser. 2009, 5.00%, due 8/15/39
|
2,491
|
ß
|
|||
1,000
|
California Hlth. Facs. Fin. Au. Rev. (Children's Hosp. Los Angeles), Ser. 2012-A, 5.00%, due 11/15/26
|
1,110
|
ß
|
|||
1,725
|
California Infrastructure & Econ. Dev. Bank St. Sch. Fund Rev. (King City Joint Union High Sch.), Ser. 2010, 5.13%, due 8/15/24
|
1,975
|
||||
805
|
California Muni. Fin. Au. Charter Sch. Lease Rev. (Sycamore Academy Proj.), Ser. 2014, 5.00%, due 7/1/24
|
809
|
#ß
|
|||
630
|
California Muni. Fin. Au. Charter Sch. Lease Rev. (Sycamore Academy Proj.), Ser. 2014, 5.13%, due 7/1/29
|
631
|
#ß
|
|||
1,195
|
California Muni. Fin. Au. Charter Sch. Lease Rev. (Vista Charter Middle Sch. Proj.), Ser. 2014, 5.00%, due 7/1/24
|
1,186
|
Ñß
|
|||
430
|
California Muni. Fin. Au. Charter Sch. Lease Rev. (Vista Charter Middle Sch. Proj.), Ser. 2014, 5.13%, due 7/1/29
|
420
|
Ñß
|
|||
570
|
California Muni. Fin. Au. Rev. (Baptist Univ.), Ser. 2015-A, 5.00%, due 11/1/30
|
571
|
ñß
|
|||
585
|
California Muni. Fin. Au. Rev. (Touro College & Univ. Sys. Obligated Group), Ser. 2014-A, 4.00%, due 1/1/26
|
609
|
ß
|
|||
1,300
|
California Sch. Fac. Fin. Au. Rev. (Alliance College - Ready Pub. Sch. Proj.), Ser. 2015-A, 5.00%, due 7/1/30
|
1,377
|
ñß
|
|||
1,685
|
California St. G.O., Ser. 2007, (XLCA Insured), 4.50%, due 8/1/27
|
1,765
|
||||
5,000
|
California St. Poll. Ctrl. Fin. Au. Wtr. Furnishing Rev., Ser. 2012, 5.00%, due 7/1/27
|
5,489
|
ñß
|
|||
1,500
|
California St. Pub. Works Board Lease Rev. (Dept. of Gen. Svcs. Cap East End), Ser. 2002-A, (AMBAC Insured), 5.25%, due 12/1/17
|
1,505
|
||||
4,000
|
California St. Var. Purp. G.O., Ser. 2009, 5.63%, due 4/1/25
|
4,619
|
||||
840
|
California Statewide CDA Rev. (California Baptist Univ. Proj.), Ser. 2007-A, 5.30%, due 11/1/18
|
880
|
ß
|
|||
1,000
|
California Statewide CDA Spec. Tax Rev. Ref. (Comm. Facs. Dist. Number 2007-01 Orinda Wilder Proj.), Ser. 2015, 4.25%, due 9/1/21
|
1,055
|
||||
2,000
|
Emery Unified Sch. Dist. G.O. (Election 2010), Ser. 2011-A, 6.50%, due 8/1/33
|
2,493
|
||||
2,000
|
Imperial Comm. College Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, (AGM Insured), 0.00%, due 8/1/40
|
2,439
|
h
|
|||
1,950
|
Inglewood Pub. Fin. Au. Ref. Rev. (Lease), Ser. 2012, 5.00%, due 8/1/17
|
2,079
|
||||
1,115
|
Inglewood Pub. Fin. Au. Ref. Rev. (Lease), Ser. 2012, 5.00%, due 8/1/18
|
1,211
|
||||
590
|
La Verne Cert. of Participation Ref. (Brethren Hillcrest Homes), Ser. 2014, 5.00%, due 5/15/29
|
630
|
ß
|
|||
3,620
|
Norwalk-La Mirada Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 2005-B, (AGM Insured), 0.00%, due 8/1/24
|
2,690
|
||||
5,750
|
Norwalk-La Mirada Unified Sch. Dist. G.O. Cap. Appreciation (Election 2002), Ser. 2009-E, (Assured Guaranty Insured), 0.00%, due 8/1/29
|
5,325
|
d
|
|||
5,000
|
Redondo Beach Unified Sch. Dist. G.O., Ser. 2009, 0.00%, due 8/1/34
|
5,596
|
e
|
|||
1,645
|
Rocklin Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 1994-B, (National Public Finance Guarantee Corp. Insured), 0.00%, due 8/1/19
|
1,397
|
||||
4,000
|
Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.), Ser. 2006-E, (AMBAC Insured), 5.25%, due 12/1/26
|
4,765
|
||||
2,000
|
San Bernardino Comm. College Dist. G.O. Cap. Appreciation (Election), Ser. 2009-B, 0.00%, due 8/1/34
|
1,939
|
f
|
|||
740
|
San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev. Proj.), Ser. 2003-B, 5.00%, due 9/1/17
|
742
|
||||
2,000
|
San Francisco City & Co. Arpt. Commission Int'l Arpt. Ref. Rev., Ser. 2009-C2, 5.00%, due 5/1/25
|
2,266
|
||||
6,000
|
San Mateo Foster City Sch. Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2010-A, 0.00%, due 8/1/32
|
4,956
|
g
|
|||
1,540
|
Successor Agcy. to the Monrovia Redev. Agcy. Tax Allocation Rev. (Cent. Redev. Proj.), Ser. 2013, 5.00%, due 8/1/26
|
1,657
|
||||
2,040
|
Sweetwater Union High Sch. Dist. Pub. Fin. Au. Rev., Ser. 2013, (BAM Insured), 5.00%, due 9/1/25
|
2,359
|
||||
2,080
|
Vernon Elec. Sys. Rev., Ser. 2009-A, 5.13%, due 8/1/21
|
2,279
|
||||
920
|
Vernon Elec. Sys. Rev., Ser. 2009-A, 5.13%, due 8/1/21 Pre-Refunded 8/1/19
|
1,019
|
||||
9,070
|
Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C, 0.00%, due 8/1/37
|
9,609
|
i
|
|||
5,095
|
Victor Valley Joint Union High Sch. Dist. G.O. Cap. Appreciation Bonds, Ser. 2009, (Assured Guaranty Insured), 0.00%, due 8/1/26
|
3,431
|
||||
3,000
|
Wiseburn Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-B, (AGM Insured), 0.00%, due 8/1/36
|
2,037
|
j
|
|||
89,391
|
||||||
Colorado (4.1%)
|
||||||
660
|
Colorado Ed. & Cultural Facs. Au. Rev. (Charter Sch.- Atlas Preparatory Sch. Proj.), Ser. 2015, 4.50%, due 4/1/25
|
641
|
ß
|
|||
1,000
|
Colorado Ed. & Cultural Facs. Au. Rev. (Charter Sch.- Atlas Preparatory Sch. Proj.), Ser. 2015, 5.13%, due 4/1/35
|
953
|
ß
|
|||
540
|
Colorado Ed. & Cultural Facs. Au. Rev. Ref., Ser. 2014, 4.00%, due 11/1/24
|
534
|
Ñß
|
|||
750
|
Colorado Ed. & Cultural Facs. Au. Rev. Ref., Ser. 2014, 4.50%, due 11/1/29
|
734
|
Ñß
|
|||
535
|
Colorado Ed. & Cultural Facs. Au. Rev. Ref. & Imp. (Charter Sch.- Univ. Lab Bldg. Corp.), Ser. 2015, 4.00%, due 12/15/25
|
525
|
ñß
|
|||
560
|
Colorado Ed. & Cultural Facs. Au. Rev. Ref. & Imp. (Charter Sch.- Univ. Lab Bldg. Corp.), Ser. 2015, 5.00%, due 12/15/28
|
574
|
ñß
|
|||
5,000
|
Denver City & Co. Arpt. Sys. Rev., Ser. 2011-B, 5.00%, due 11/15/24
|
5,651
|
ØØ
|
|||
2,550
|
Plaza Metro. Dist. Number 1 Tax Allocation Rev., Ser. 2013, 4.00%, due 12/1/23
|
2,581
|
||||
12,193
|
||||||
Connecticut (0.5%)
|
||||||
650
|
Hamden G.O., Ser. 2013, (AGM Insured), 3.00%, due 8/15/24
|
650
|
||||
750
|
Hamden G.O., Ser. 2013, (AGM Insured), 3.13%, due 8/15/25
|
748
|
||||
1,398
|
||||||
District of Columbia (2.8%)
|
||||||
1,615
|
Dist. of Columbia HFA Rev. (Capitol Hill Towers Proj.), Ser. 2011, (Fannie Mae Insured), 4.10%, due 12/1/26
|
1,716
|
ß
|
|||
3,035
|
Dist. of Columbia Rev. (Friendship Pub. Charter Sch.), Ser. 2012, 3.55%, due 6/1/22
|
3,101
|
ß
|
|||
1,000
|
Metro. Washington Dist. of Columbia Arpt. Au. Sys. Rev., Ser. 2008-A, 5.50%, due 10/1/18
|
1,126
|
||||
2,000
|
Metro. Washington Dist. of Columbia Arpt. Au. Sys. Rev., Ser. 2011-C, 5.00%, due 10/1/26
|
2,280
|
||||
8,223
|
||||||
Florida (5.1%)
|
||||||
1,000
|
Cityplace Comm. Dev. Dist. Spec. Assessment Rev. Ref., Ser. 2012, 5.00%, due 5/1/26
|
1,084
|
||||
1,000
|
Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.), Ser. 2012-A, 5.50%, due 6/15/22
|
984
|
ß
|
|||
3,120
|
Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.), Ser. 2013-A, 6.75%, due 12/15/27
|
3,337
|
ß
|
|||
1,750
|
Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.), Ser. 2014-A, 5.75%, due 6/15/29
|
1,732
|
ß
|
|||
100
|
Greater Orlando Aviation Au. Arpt. Facs. Ref. Rev. (Jetblue Airways Corp. Proj.), Ser. 2013, 5.00%, due 11/15/36
|
102
|
ß
|
|||
1,000
|
Hillsborough Co. Ind. Dev. Au. IDR (Hlth. Facs.), Ser. 2008-B, 8.00%, due 8/15/32 Pre-Refunded 8/15/19
|
1,272
|
ß
|
|||
1,135
|
Lakeland Ed. Facs. Rev. Ref. (Florida So. College Proj.), Ser. 2012-A, 5.00%, due 9/1/27
|
1,244
|
ß
|
|||
2,000
|
Lee Co. Arpt. Ref. Rev., Ser. 2011-A, 5.63%, due 10/1/25
|
2,351
|
||||
2,000
|
Martin Co. Ind. Dev. Au. Ref. Rev. (Indiantown Cogeneration Proj.), Ser. 2013, 4.20%, due 12/15/25
|
2,024
|
ß
|
|||
1,000
|
Village Comm. Dev. Dist. Number 11 Spec. Assessment Rev., Ser. 2014, 4.13%, due 5/1/29
|
990
|
||||
15,120
|
||||||
Georgia (0.4%)
|
||||||
1,100
|
Greene Co. Dev. Au. Swr. Fac. Rev., Ser. 2015, 6.13%, due 1/1/25
|
1,100
|
#ßØ
|
|||
Guam (1.7%)
|
||||||
1,220
|
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.75%, due 11/1/20
|
1,423
|
||||
650
|
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.75%, due 11/1/21
|
758
|
||||
2,630
|
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25
|
2,901
|
||||
5,082
|
||||||
Hawaii (2.6%)
|
||||||
5,200
|
Hawaii St. Arpt. Sys. Ref. Rev., Ser. 2011, 4.13%, due 7/1/24
|
5,590
|
ØØ
|
|||
2,000
|
Hawaii St. Dept. of Budget & Fin. Spec. Purp. Rev. (Hawaii Elec. Co., Inc. -Subsidiary), Ser. 2009, 6.50%, due 7/1/39
|
2,284
|
ß
|
|||
7,874
|
||||||
Illinois (17.7%)
|
||||||
1,870
|
Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17
|
1,902
|
||||
5,705
|
Berwyn G.O., Ser. 2013-A, 5.00%, due 12/1/27
|
6,348
|
||||
2,000
|
Chicago G.O., Ser. 2002-B, 5.00%, due 1/1/25
|
1,984
|
||||
1,000
|
Chicago Ref. G.O., Ser. 2005-D, 5.50%, due 1/1/40
|
964
|
||||
700
|
Chicago Ref. G.O., Ser. 2014-A, 5.00%, due 1/1/27
|
680
|
||||
1,350
|
Cook Co. Sch. Dist. Number 83 G.O. (Mannheim), Ser. 2013-C, 5.45%, due 12/1/30
|
1,482
|
||||
1,960
|
Cook Co. Sch. Dist. Number 83 G.O. (Mannheim), Ser. 2013-C, 5.50%, due 12/1/31
|
2,149
|
||||
1,970
|
Cook Co. Township High Sch. Dist. Number 225 Northfield Township, Ser. 2008, 5.00%, due 12/1/25
|
2,189
|
||||
1,875
|
Illinois Fin. Au. Ref. Rev. (Roosevelt Univ. Proj.), Ser. 2009, 5.00%, due 4/1/16
|
1,904
|
ß
|
|||
4,000
|
Illinois Fin. Au. Ref. Rev. (Roosevelt Univ. Proj.), Ser. 2009, 5.75%, due 4/1/24
|
4,291
|
ß
|
|||
5,840
|
Illinois Fin. Au. Rev. (Provena Hlth.), Ser. 2010-A, 6.25%, due 5/1/22
|
6,818
|
ß
|
|||
1,670
|
Illinois Metro. Pier & Exposition Au. Dedicated St. Tax Ref. Rev., Ser. 1998-A, (FGIC Insured), 5.50%, due 6/15/17
|
1,817
|
||||
1,905
|
Illinois Sports Facs. Au. Cap. Appreciation Rev. (St. Tax Supported), Ser. 2001, (AMBAC Insured), 0.00%, due 6/15/26
|
1,165
|
||||
3,900
|
Illinois St. G.O., Ser. 2012, 4.00%, due 8/1/25
|
3,846
|
||||
1,000
|
Illinois St. G.O., Ser. 2013, 5.00%, due 7/1/23
|
1,081
|
||||
1,830
|
Pingree Grove Village Rev. (Cambridge Lakes Learning Ctr. Proj.), Ser. 2011, 8.00%, due 6/1/26
|
2,006
|
ß
|
|||
945
|
So. Illinois Univ. Cert. of Participation (Cap. Imp. Proj.), Ser. 2014-A-1, (BAM Insured), 5.00%, due 2/15/27
|
1,022
|
||||
1,375
|
So. Illinois Univ. Cert. of Participation (Cap. Imp. Proj.), Ser. 2014-A-1, (BAM Insured), 5.00%, due 2/15/28
|
1,476
|
||||
715
|
So. Illinois Univ. Cert. of Participation (Cap. Imp. Proj.), Ser. 2014-A-1, (BAM Insured), 5.00%, due 2/15/29
|
762
|
||||
2,725
|
Univ. of Illinois (Hlth. Svc. Facs. Sys.), Ser. 2013, 5.00%, due 10/1/27
|
3,021
|
ß
|
|||
2,875
|
Univ. of Illinois (Hlth. Svc. Facs. Sys.), Ser. 2013, 5.75%, due 10/1/28
|
3,439
|
ß
|
|||
1,850
|
Will Co. High Sch. Dist. Number 204 G.O. (Joliet Jr. College), Ser. 2011-A, 6.25%, due 1/1/31
|
2,242
|
||||
52,588
|
||||||
Indiana (5.1%)
|
||||||
4,000
|
Indiana Bond Bank Rev. (Spec. Prog. Clark Mem. Hosp.), Ser. 2009-D, 5.50%, due 8/1/29
|
4,494
|
ß
|
|||
500
|
Indiana Fin. Au. Midwestern Disaster Relief Rev. (Ohio Valley Elec. Corp. Proj.), Ser. 2012-A, 5.00%, due 6/1/32
|
529
|
ß
|
|||
500
|
Indiana Fin. Au. Rev. (I-69 Dev. Partners LLC), Ser. 2014, 5.25%, due 9/1/25
|
571
|
ß
|
|||
500
|
Indiana Fin. Au. Rev. (I-69 Dev. Partners LLC), Ser. 2014, 5.25%, due 9/1/26
|
566
|
ß
|
|||
4,000
|
Indiana Hlth. & Ed. Fac. Fin. Au. Hosp. Ref. Rev. (Clarian Hlth. Oblig. Group), Ser. 2006-B, 5.00%, due 2/15/21
|
4,094
|
ß
|
|||
3,055
|
Indiana Trans. Fin. Au. Hwy. Ref. Rev., Ser. 2004-B, (National Public Finance Guarantee Corp. Insured), 5.75%, due 12/1/21
|
3,752
|
||||
1,000
|
Valparaiso Exempt Facs. Rev. (Pratt Paper LLC Proj.), Ser. 2013, 5.88%, due 1/1/24
|
1,138
|
ß
|
|||
15,144
|
||||||
Iowa (3.1%)
|
||||||
5,110
|
Iowa Fin. Au. Rev. (St. Revolving Fund Prog.), Ser. 2008, 5.50%, due 8/1/22 Pre-Refunded 8/1/18
|
5,793
|
||||
2,430
|
Iowa Std. Loan Liquidity Corp. Rev., Ser. 2011-A-1, 5.00%, due 12/1/21
|
2,569
|
||||
700
|
Iowa Std. Loan Liquidity Corp. Rev., Ser. 2011-A-1, 5.30%, due 12/1/23
|
737
|
||||
9,099
|
||||||
Kentucky (0.0%)
|
||||||
100
|
Ohio Co. PCR Ref. (Big Rivers Elec. Corp. Proj.), Ser. 2010-A, 6.00%, due 7/15/31
|
103
|
ß
|
|||
Louisiana (1.5%)
|
||||||
1,500
|
Louisiana Local Gov't Env. Fac. & Comm. (Westlake Chemical Corp.), Ser. 2010-A2, 6.50%, due 11/1/35
|
1,777
|
ß
|
|||
775
|
Louisiana Pub. Facs. Au. Rev. (Southwest Louisiana Charter Academy Foundation Proj.), Ser. 2013-A, 7.63%, due 12/15/28
|
880
|
ß
|
|||
1,655
|
St. Charles Parish Gulf Zone Opportunity Rev. (Valero Energy Corp.), Ser. 2010, 4.00%, due 12/1/40 Putable 6/1/22
|
1,784
|
µß
|
|||
4,441
|
||||||
Maine (0.8%)
|
||||||
2,400
|
Maine St. Fin. Au. Solid Waste Disp. Rev. (Casella Waste Sys., Inc.), Ser. 2005, 6.25%, due 1/1/25 Putable 2/1/17
|
2,487
|
ñµß
|
|||
Maryland (0.8%)
|
||||||
100
|
Howard Co. Retirement Comm. Rev. Ref. (Vantage House Fac.), Ser. 2007-A, 5.25%, due 4/1/33
|
97
|
ß
|
|||
2,400
|
Prince Georges Co. Hsg. Au. Multi-Family Rev. (Bristol Pines Apts. Proj.), Ser. 2005, (Fannie Mae Insured), 4.85%, due 12/15/38 Putable 12/15/23
|
2,443
|
µß
|
|||
2,540
|
||||||
Massachusetts (7.0%)
|
||||||
200
|
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/24
|
216
|
ß
|
|||
415
|
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/25
|
442
|
ß
|
|||
200
|
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/26
|
212
|
ß
|
|||
190
|
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/27
|
199
|
ß
|
|||
150
|
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/28
|
156
|
ß
|
|||
2,835
|
Massachusetts St. Ed. Fin. Au. Rev., Ser. 2011-J, 5.00%, due 7/1/23
|
3,132
|
||||
3,990
|
Massachusetts St. Ed. Fin. Au. Rev., Ser. 2012-J, 4.70%, due 7/1/26
|
4,215
|
||||
4,500
|
Massachusetts St. Ed. Fin. Au. Rev., Ser. 2013-K, 4.50%, due 7/1/24
|
4,779
|
||||
5,000
|
Massachusetts St. HFA Hsg. Rev., Ser. 2010-C, 4.90%, due 12/1/25
|
5,303
|
||||
2,095
|
Massachusetts St. Wtr. Poll. Abatement Trust Rev. (MWRA Prog.), Ser. 2002-A, 5.25%, due 8/1/19
|
2,103
|
||||
20,757
|
||||||
Michigan (1.3%)
|
||||||
1,000
|
Jackson College Dormitories Hsg. Rev., Ser. 2015, 6.50%, due 5/1/35
|
993
|
||||
500
|
Jackson College Dormitories Hsg. Rev., Ser. 2015, 6.75%, due 5/1/46
|
496
|
||||
2,000
|
Summit Academy North Pub. Sch. Academy Ref. Rev., Ser. 2005, 5.25%, due 11/1/20
|
2,002
|
||||
100
|
Summit Academy Pub. Sch. Academy Ref. Rev., Ser. 2005, 6.38%, due 11/1/35
|
100
|
||||
150
|
Summit Academy Pub. Sch. Academy Ref. Rev., Ser. 2005, 6.00%, due 11/1/15
|
151
|
||||
3,742
|
||||||
Minnesota (1.5%)
|
||||||
2,000
|
Maple Grove Hlth. Care Sys. Rev. (Maple Grove Hosp. Corp.), Ser. 2007, 5.00%, due 5/1/17
|
2,123
|
ß
|
|||
2,250
|
Minneapolis & St. Paul Hsg. & Redev. Au. Hlth. Care Sys. (Children's Hlth. Care Facs.), Ser. 2010-A1, (AGM Insured), 4.50%, due 8/15/24
|
2,481
|
ß
|
|||
4,604
|
||||||
Mississippi (1.4%)
|
||||||
3,665
|
Mississippi Bus. Fin. Corp. Gulf Opportunity Zone Rev., Ser. 2009-A, 4.70%, due 5/1/24
|
4,057
|
ß
|
|||
Missouri (2.3%)
|
||||||
700
|
Bridgeton Ind. Dev. Au. Ref. Rev. (Hilltop Comm. Imp. Dist. Proj.), Ser. 2015-A, 4.25%, due 5/1/35
|
692
|
||||
390
|
Missouri St. Env. Imp. & Energy Res. Au. Wtr. PCR (Unrefunded Bal. Drinking Wtr.), Ser. 2002-B, 5.50%, due 7/1/16
|
392
|
||||
2,275
|
Missouri St. Hlth. & Ed. Facs. Au. Rev. (Children's Mercy Hosp.), Ser. 2009, 5.13%, due 5/15/24
|
2,548
|
ß
|
|||
2,965
|
Missouri St. Univ. Auxiliary Enterprise Sys. Rev., Ser. 2007-A, (XLCA Insured), 5.00%, due 4/1/26 Pre-Refunded 4/1/17
|
3,181
|
||||
6,813
|
||||||
Nevada (2.6%)
|
||||||
1,900
|
Director of the St. of Nevada Dept. of Bus. & Ind. Rev. (Somerset Academy), Ser. 2015-A, 4.00%, due 12/15/25
|
1,853
|
ñß
|
|||
1,635
|
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 6.50%, due 6/15/17
|
1,741
|
||||
3,545
|
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23
|
4,010
|
||||
7,604
|
||||||
New Hampshire (0.5%)
|
||||||
1,500
|
New Hampshire St. Bus. Fin. Au. Solid Waste Disp. Rev. (Casella Waste Sys., Inc.), Ser. 2013, 4.00%, due 4/1/29 Putable 10/1/19
|
1,507
|
ñµß
|
|||
New Jersey (5.5%)
|
||||||
2,500
|
New Jersey Econ. Dev. Au. Rev. (Continental Airlines, Inc., Proj.), Ser. 1999, 5.13%, due 9/15/23
|
2,691
|
ß
|
|||
500
|
New Jersey Econ. Dev. Au. Rev. (The Goethals Bridge Replacement Proj.), Ser. 2013, 5.25%, due 1/1/25
|
568
|
ß
|
|||
500
|
New Jersey Econ. Dev. Au. Rev. (The Goethals Bridge Replacement Proj.), Ser. 2013, 5.50%, due 1/1/26
|
574
|
ß
|
|||
1,420
|
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 3.50%, due 7/1/24
|
1,404
|
ß
|
|||
1,470
|
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 3.63%, due 7/1/25
|
1,448
|
ß
|
|||
1,520
|
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 3.75%, due 7/1/26
|
1,498
|
ß
|
|||
765
|
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 4.00%, due 7/1/27
|
763
|
ß
|
|||
7,000
|
New Jersey Higher Ed. Assist. Au. Rev. (Std. Loan Rev.), Ser. 2012-1A, 4.38%, due 12/1/26
|
7,246
|
||||
16,192
|
||||||
New Mexico (0.5%)
|
||||||
500
|
Winrock Town Ctr. Tax Increment Dev. Dist. Number 1 Tax Allocation Sr. Lien Rev. (Gross Receipts Tax Increment Bond), Ser. 2015, 5.25%, due 5/1/25
|
501
|
ñ#
|
|||
1,000
|
Winrock Town Ctr. Tax Increment Dev. Dist. Number 1 Tax Allocation Sr. Lien Rev. (Gross Receipts Tax Increment Bond), Ser. 2015, 5.75%, due 5/1/30
|
1,002
|
ñ#
|
|||
1,503
|
||||||
New York (11.7%)
|
||||||
1,100
|
Build NYC Res. Corp. Rev., Ser. 2014, 5.00%, due 11/1/24
|
1,187
|
ß
|
|||
835
|
Build NYC Res. Corp. Rev., Ser. 2014, 5.25%, due 11/1/29
|
898
|
ß
|
|||
1,140
|
Build NYC Res. Corp. Rev. (Int'l Leadership Charter Sch. Proj.), Ser. 2013, 5.00%, due 7/1/23
|
1,117
|
ß
|
|||
500
|
Build NYC Res. Corp. Rev. (South Bronx Charter Sch. for Int'l Cultures and the Arts), Ser. 2013-A, 3.88%, due 4/15/23
|
490
|
ß
|
|||
1,450
|
Build NYC Res. Corp. Rev. (South Bronx Charter Sch. for Int'l Cultures and the Arts), Ser. 2013-A, 5.00%, due 4/15/43
|
1,401
|
ß
|
|||
1,000
|
Build NYC Res. Corp. Solid Waste Disp. Ref. Rev. (Pratt Paper, Inc. Proj.), Ser. 2014, 4.50%, due 1/1/25
|
1,067
|
ñß
|
|||
700
|
Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2014, 5.00%, due 7/1/23
|
780
|
ß
|
|||
735
|
Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2014, 5.00%, due 7/1/24
|
822
|
ß
|
|||
1,400
|
Jefferson Co. IDA Solid Waste Disp. Rev. (Green Bond), Ser. 2014, 5.25%, due 1/1/24
|
1,387
|
ß
|
|||
1,000
|
New York City IDA Civic Fac. Rev. (Vaughn College Aeronautics & Technology), Ser. 2006-A, 5.00%, due 12/1/28
|
1,029
|
ß
|
|||
500
|
New York Liberty Dev. Corp. Ref. Rev. (3 World Trade Ctr. Proj.), Ser. 2014-2, 5.38%, due 11/15/40
|
523
|
ñß
|
|||
1,100
|
New York Liberty Dev. Corp. Rev. (Nat'l Sports Museum Proj.), Ser. 2006-A, 6.13%, due 2/15/19
|
0
|
#‡
|
|||
4,000
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Mount Sinai Sch. of Medicine), Ser. 2009, 5.25%, due 7/1/33
|
4,521
|
ß
|
|||
3,200
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Univ. Facs.), Ser. 2013-A, 5.00%, due 7/1/28
|
3,721
|
||||
2,000
|
New York St. HFA Rev. (Affordable Hsg.), Ser. 2009-B, 4.85%, due 11/1/41
|
2,076
|
||||
2,000
|
New York St. Mtge. Agcy. Homeowner Mtge. Ref. Rev., Ser. 2014-189, 3.45%, due 4/1/27
|
1,991
|
||||
2,000
|
New York St. Urban Dev. Corp. Rev., Ser. 2008-D, 5.25%, due 1/1/20
|
2,270
|
||||
710
|
Newburgh G.O., Ser. 2012-A, 5.00%, due 6/15/20
|
785
|
||||
495
|
Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/20
|
547
|
||||
520
|
Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/21
|
577
|
||||
550
|
Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/22
|
610
|
||||
1,435
|
Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.), Ser. 2012-A, 5.00%, due 5/1/23
|
1,602
|
ß
|
|||
1,000
|
Niagara Area Dev. Corp. Solid Waste Disp. Fac. Rev. (Covanta Energy Proj.), Ser. 2012-B, 4.00%, due 11/1/24
|
1,007
|
ñß
|
|||
1,155
|
Suffolk Co. Judicial Facs. Agcy. Lease Rev. (H. Lee Dennison Bldg.), Ser. 2013, 4.25%, due 11/1/26
|
1,202
|
||||
2,000
|
Utility Debt Securitization Au. Rev., Ser. 2013-TE, 5.00%, due 12/15/28
|
2,372
|
||||
600
|
Westchester Co. Local Dev. Corp. Rev. Ref. (Wartburg Sr. Hsg. Proj.), Ser. 2015-A, 5.00%, due 6/1/30
|
601
|
ñß
|
|||
34,583
|
||||||
North Carolina (3.7%)
|
||||||
1,835
|
North Carolina Med. Care Commission Hlth. Care Facs. Rev. (Lutheran Svc. For Aging, Inc.), Ser. 2012-A, 4.25%, due 3/1/24
|
1,872
|
ß
|
|||
2,000
|
North Carolina Med. Care Commission Retirement Facs. Rev., Ser. 2013, 5.13%, due 7/1/23
|
2,115
|
ß
|
|||
5,250
|
North Carolina Muni. Pwr. Agcy. Number 1 Catawba Elec. Rev., Ser. 2009-A, 5.00%, due 1/1/26
|
5,814
|
||||
1,000
|
Oak Island Enterprise Sys. Rev., Ser. 2009, (Assured Guaranty Insured), 5.63%, due 6/1/24 Pre-Refunded 6/1/19
|
1,167
|
||||
10,968
|
||||||
Ohio (1.4%)
|
||||||
2,060
|
Cleveland Arpt. Sys. Rev. Ref., Ser. 2012-A, 5.00%, due 1/1/27
|
2,253
|
ØØ
|
|||
1,000
|
Ohio St. Wtr. Dev. Au. Poll Ctrl. Facs. Rev. Ref. (First Energy Nuclear Generation Proj.), Ser. 2006-B, 4.00%, due 12/1/33 Putable 6/3/19
|
1,032
|
µß
|
|||
1,000
|
Ohio St. Wtr. Dev. Au. Poll Ctrl. Facs. Rev. Ref. (First Energy Nuclear Generation Proj.), Ser. 2008-C, 3.95%, due 11/1/32 Putable 5/1/20
|
1,006
|
µß
|
|||
4,291
|
||||||
Oklahoma (0.8%)
|
||||||
655
|
Tulsa Arpt. Imp. Trust Ref. Rev., Ser. 2015-A, (BAM Insured), 5.00%, due 6/1/21
|
736
|
||||
700
|
Tulsa Arpt. Imp. Trust Ref. Rev., Ser. 2015-A, (BAM Insured), 5.00%, due 6/1/23
|
790
|
||||
250
|
Tulsa Arpt. Imp. Trust Ref. Rev., Ser. 2015-A, (BAM Insured), 5.00%, due 6/1/24
|
282
|
||||
400
|
Tulsa Arpt. Imp. Trust Ref. Rev., Ser. 2015-A, (BAM Insured), 5.00%, due 6/1/25
|
448
|
||||
2,256
|
||||||
Oregon (0.2%)
|
||||||
480
|
Oregon St. Hsg. & Comm. Svc. Dept. Multi-Family Rev., Ser. 2012-B, (FHA Insured), 3.50%, due 7/1/27
|
481
|
||||
Pennsylvania (8.2%)
|
||||||
3,000
|
Beaver Co. Ind. Dev. Au. Rev. Ref. (Firstenergy Generation LLC), Ser. 2006-A, 3.50%, due 4/1/41 Putable 6/1/20
|
3,018
|
µß
|
|||
500
|
Indiana Co. Ind. Dev. Au. Rev. (Std. Cooperative Assoc., Inc.), Ser. 2012, 3.50%, due 5/1/25
|
498
|
ß
|
|||
350
|
Indiana Co. Ind. Dev. Au. Rev. (Std. Cooperative Assoc., Inc.), Ser. 2012, 3.60%, due 5/1/26
|
350
|
ß
|
|||
2,000
|
Lancaster Co. Hosp. Au. Rev. (Brethren Village Proj.), Ser. 2008-A, 6.10%, due 7/1/22
|
2,093
|
ß
|
|||
1,250
|
Lancaster Ind. Dev. Au. Rev. (Garden Spot Village Proj.), Ser. 2013, 5.38%, due 5/1/28
|
1,350
|
ß
|
|||
1,105
|
Moon Ind. Dev. Au. Rev. Ref. (Baptist Homes Society Obligated Group), Ser. 2015, 5.63%, due 7/1/30
|
1,085
|
ß
|
|||
3,430
|
Norristown Area Sch. Dist. Cert. of Participation (Installment Purchase), Ser. 2012, 4.50%, due 4/1/27
|
3,558
|
||||
2,625
|
Pennsylvania Econ. Dev. Fin. Au. Exempt Facs. Rev. Ref. (Amtrak Proj.), Ser. 2012-A, 5.00%, due 11/1/24
|
2,942
|
ß
|
|||
1,000
|
Pennsylvania St. Turnpike Commission Turnpike Rev. (Cap. Appreciation), Subser. 2010-B2, 0.00%, due 12/1/34
|
1,087
|
b
|
|||
895
|
Philadelphia Au. For Ind. Dev. Rev. (Discovery Charter Sch. Proj.), Ser. 2012, 5.00%, due 4/1/22
|
913
|
ß
|
|||
415
|
Philadelphia Au. For Ind. Dev. Rev. (Discovery Charter Sch. Proj.), Ser. 2012, 5.50%, due 4/1/27
|
423
|
ß
|
|||
4,480
|
Reading G.O., Ser. 2010-C, 5.63%, due 11/15/20
|
4,687
|
||||
2,000
|
Susquehanna Area Reg. Arpt. Au. Sys. Rev., Ser. 2012-A, 5.00%, due 1/1/27
|
2,180
|
||||
24,184
|
||||||
Puerto Rico (0.7%)
|
||||||
2,020
|
Puerto Rico Commonwealth Ref. G.O. (Pub. Imp.), Ser. 2001-A, (National Public Finance Guarantee Corp. Insured), 5.50%, due 7/1/20
|
2,007
|
||||
Rhode Island (1.7%)
|
||||||
1,000
|
Rhode Island St. Hlth. & Ed. Bldg. Corp. Rev. (Hosp. Fin. - Care New England Hlth. Sys.), Ser. 2013-A, 5.00%, due 9/1/23
|
1,077
|
ß
|
|||
2,650
|
Rhode Island St. Std. Loan Au. Std. Loan Rev. (Sr. Prog.), Ser. 2013-A, 3.75%, due 12/1/26
|
2,534
|
||||
1,445
|
Rhode Island St. Std. Loan Au. Std. Loan Rev. (Sr. Prog.), Ser. 2013-A, 3.75%, due 12/1/27
|
1,384
|
ØØ
|
|||
4,995
|
||||||
Tennessee (1.8%)
|
||||||
2,705
|
Memphis-Shelby Co. Arpt. Au. Arpt. Rev., Ser. 2010-B, 5.50%, due 7/1/19
|
3,076
|
||||
2,000
|
Tennessee St. Energy Acquisition Corp. Gas Rev. (Goldman Sachs Group, Inc.), Ser. 2006-A, 5.25%, due 9/1/23
|
2,297
|
||||
5,373
|
||||||
Texas (6.6%)
|
||||||
500
|
Arlington Higher Ed. Fin. Corp. Rev. (Universal Academy), Ser. 2014-A, 5.88%, due 3/1/24
|
514
|
ß
|
|||
1,000
|
Arlington Higher Ed. Fin. Corp. Rev. (Universal Academy), Ser. 2014-A, 6.63%, due 3/1/29
|
1,033
|
ß
|
|||
1,050
|
Clifton Higher Ed. Fin. Corp. Rev. (Uplift Ed.), Ser. 2013-A, 3.10%, due 12/1/22
|
1,024
|
ß
|
|||
2,000
|
Fort Bend Co. Ind. Dev. Corp. Rev. (NRG Energy, Inc.), Ser. 2012-B, 4.75%, due 11/1/42
|
2,057
|
ß
|
|||
500
|
Gulf Coast Ind. Dev. Au. Rev. (CITGO Petroleum Proj.), Ser. 1995, 4.88%, due 5/1/25
|
520
|
ß
|
|||
1,000
|
Harris Co. Cultural Ed. Facs. Fin. Corp. Rev. (Brazos Presbyterian Homes, Inc. Proj.), Ser. 2013-B, 5.75%, due 1/1/28
|
1,104
|
ß
|
|||
2,900
|
Harris Co. Toll Road Sr. Lien Rev., Ser. 2008-B, 5.00%, due 8/15/33
|
3,196
|
||||
610
|
HFDC Ctr. Texas, Inc. Retirement Fac. Rev., Ser. 2006-A, 5.25%, due 11/1/15
|
612
|
ß
|
|||
525
|
Houston Higher Ed. Fin. Corp. Rev. (Cosmos Foundation), Ser. 2012-A, 4.00%, due 2/15/22
|
549
|
ß
|
|||
1,000
|
Houston Higher Ed. Fin. Corp. Rev. (Cosmos Foundation), Ser. 2012-A, 5.00%, due 2/15/32
|
1,085
|
ß
|
|||
1,000
|
Houston Pub. Imp. Ref. G.O., Ser. 2008-A, 5.00%, due 3/1/20
|
1,099
|
||||
3,000
|
North Texas Tollway Au. Dallas North Tollway Sys. Rev., Ser. 2005-C, 6.00%, due 1/1/23
|
3,439
|
||||
500
|
San Leanna Ed. Fac. Corp. Higher Ed. Ref. Rev. (St. Edwards Univ. Proj.), Ser. 2007, 5.00%, due 6/1/19
|
532
|
ß
|
|||
1,500
|
Texas Pub. Fin. Au. Rev. (So. Univ. Fin. Sys.), Ser. 2013, (BAM Insured), 5.00%, due 11/1/21
|
1,675
|
||||
1,175
|
West Harris Co. Reg. Wtr. Au. Sys. Wtr. Rev., Ser. 2009, 5.00%, due 12/15/35
|
1,290
|
||||
19,729
|
||||||
Utah (1.8%)
|
||||||
3,000
|
Salt Lake Co. Hosp. Rev. (IHC Hlth. Svc., Inc.), Ser. 2001, (AMBAC Insured), 5.40%, due 2/15/28
|
3,426
|
ß
|
|||
1,200
|
Uintah Co. Muni. Bldg. Au. Lease Rev., Ser. 2008, 5.25%, due 6/1/20
|
1,325
|
||||
185
|
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.00%, due 7/1/20
|
189
|
||||
170
|
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.25%, due 7/1/21
|
174
|
||||
245
|
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.45%, due 7/1/22
|
250
|
||||
5,364
|
||||||
Vermont (3.2%)
|
||||||
1,600
|
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2012-A, 5.00%, due 6/15/21
|
1,797
|
||||
465
|
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.25%, due 6/15/24
|
489
|
||||
1,105
|
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.35%, due 6/15/25
|
1,150
|
||||
1,640
|
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.45%, due 6/15/26
|
1,690
|
||||
535
|
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.55%, due 6/15/27
|
550
|
||||
1,800
|
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2014-A, 5.00%, due 6/15/24
|
2,048
|
||||
1,700
|
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2015-A, 4.13%, due 6/15/27
|
1,720
|
||||
9,444
|
||||||
Virginia (0.7%)
|
||||||
1,000
|
Fairfax Co. Econ. Dev. Au. Residential Care Fac. Rev. (Vinson Hall LLC), Ser. 2013-A, 4.00%, due 12/1/22
|
1,021
|
ß
|
|||
1,000
|
Virginia Beach Dev. Au. Residential Care Fac. Mtge. Ref. Rev. (Westminster-Canterbury of Hampton Roads, Inc.), Ser. 2005, 5.00%, due 11/1/22
|
1,005
|
ß
|
|||
2,026
|
||||||
Washington (3.8%)
|
||||||
1,600
|
Skagit Co. Pub. Hosp. Dist. Number 1 Ref. Rev., Ser. 2007, 5.63%, due 12/1/25
|
1,734
|
||||
6,700
|
Vancouver Downtown Redev. Au. Rev. (Conference Ctr. Proj.), Ser. 2013, 4.00%, due 1/1/28
|
6,869
|
||||
2,525
|
Washington St. Higher Ed. Fac. Au. Ref. Rev. (Whitworth Univ. Proj.), Ser. 2009, 5.38%, due 10/1/29
|
2,767
|
ß
|
|||
11,370
|
||||||
West Virginia (0.4%)
|
||||||
1,000
|
West Virginia Sch. Bldg. Au. Excess Lottery Rev., Ser. 2008, 5.00%, due 7/1/19
|
1,105
|
||||
Wisconsin (4.9%)
|
||||||
870
|
Pub. Fin. Au. Ed. Rev. (Pine Lake Preparatory, Inc.), Ser. 2015, 4.95%, due 3/1/30
|
870
|
ñß
|
|||
2,000
|
Pub. Fin. Au. Rev. Ref. (Roseman Univ. Hlth. Sciences Proj.), Ser. 2015, 5.00%, due 4/1/25
|
1,977
|
ß
|
|||
1,100
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College), Ser. 2010-A, 6.13%, due 6/1/35
|
1,229
|
ß
|
|||
1,225
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College), Ser. 2010-A, 6.13%, due 6/1/39
|
1,362
|
ß
|
|||
1,340
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Marquette Univ.), Ser. 2008-B3, 5.00%, due 10/1/30 Pre-Refunded 12/23/19
|
1,552
|
ß
|
|||
3,660
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Marquette Univ.), Ser. 2008-B3, 5.00%, due 10/1/30
|
4,012
|
ß
|
|||
3,000
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Meriter Hosp., Inc.), Ser. 2009, 5.63%, due 12/1/29 Pre-Refunded 12/1/18
|
3,444
|
ß
|
|||
14,446
|
||||||
Other (0.8%)
|
||||||
3,000
|
Non-Profit Pfd. Fdg. Trust I, Ser. 2006-C, 4.72%, due 9/15/37
|
2,402
|
#
|
|||
Total Municipal Notes (Cost $432,284)
|
469,867
|
|||||
Tax Exempt Preferred (0.6%)
|
||||||
Real Estate (0.6%)
|
||||||
1,800
|
Munimae TE Bond Subsidiary LLC, Unsecured Notes, 5.00%, due 4/30/28 (Cost $1,800)
|
1,953
|
#
|
|||
Total Investments (159.2%) (Cost $434,084)
|
471,820
|
##
|
||||
Cash, receivables and other assets, less liabilities (1.3%)
|
3,901
|
|||||
Liquidation Value of Variable Rate Municipal Term Preferred Shares [(60.5%)]
|
(179,400)
|
|||||
Total Net Assets Applicable to Common Stockholders (100.0%)
|
$296,321
|
†
|
In accordance with Accounting Standards Codification (“ASC”) 820 “Fair Value Measurement” (“ASC 820”), all investments held by each of Neuberger Berman California Intermediate Municipal Fund Inc. (“California”), Neuberger Berman Intermediate Municipal Fund Inc. (“Intermediate”) and Neuberger Berman New York Intermediate Municipal Fund Inc. (“New York”) (each individually a “Fund” and collectively, the “Funds”) are carried at the value that Neuberger Berman Management LLC (“Management”) believes a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Funds’ investments, some of which are discussed below. Significant Management judgment may be necessary to value investments in accordance with ASC 820.
|
|
ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.
|
||
·
|
Level 1 – quoted prices in active markets for identical investments
|
|
·
|
Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)
|
|
·
|
Level 3 – unobservable inputs (including a Fund’s own assumptions in determining the fair value of investments)
|
|
The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.
|
||
The value of the Funds’ investments in municipal securities is determined by Management primarily by obtaining valuations from independent pricing services based on readily available bid quotations, or if quotations are not available, by methods which include various considerations such as yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions (generally Level 2 inputs). Other Level 2 and 3 inputs used by independent pricing services to value municipal securities and units include current trades, bid-wanted lists (which informs the market that a holder is interested in selling a position and that offers will be considered), offerings, general information on market movement, direction, trends, appraisals, bid offers and specific data on specialty issues.
|
||
Management has developed a process to periodically review information provided by independent pricing services for all types of securities.
|
||
If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount a Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers (generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not readily available, the security is valued using methods the Fund’s Board of Directors (each Fund’s Board of Directors, a “Board”) has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Numerous factors may be considered when determining the fair value of a security based on Level 2 or Level 3 inputs, including available analyst, media or other reports, trading in futures or American Depositary Receipts (“ADRs”) and whether the issuer of the security being fair valued has other securities outstanding.
|
||
Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or next trades.
|
|
The following is a summary, categorized by Level, of inputs used to value the Funds’ investments as of July 31, 2015:
|
Asset Valuation Inputs
|
||||||||||||||||
(000’s omitted)
|
Level 1
|
Level 2
|
Level 3§
|
Total
|
||||||||||||
California
|
||||||||||||||||
Investments:
|
||||||||||||||||
Municipal Notes^
|
$
|
—
|
$
|
141,877
|
$
|
—
|
$
|
141,877
|
||||||||
Total Investments
|
—
|
141,877
|
—
|
141,877
|
||||||||||||
Intermediate
|
||||||||||||||||
Investments:
|
||||||||||||||||
Municipal Notes^
|
—
|
469,867
|
—
|
469,867
|
||||||||||||
Tax Exempt Preferred^
|
—
|
1,953
|
—
|
1,953
|
||||||||||||
Total Investments
|
—
|
471,820
|
—
|
471,820
|
||||||||||||
New York
|
Investments:
|
||||||||||||||||
Municipal Notes^
|
—
|
118,074
|
—
|
118,074
|
||||||||||||
Liquidating Trust—Real Estate^
|
—
|
1,650
|
—
|
1,650
|
||||||||||||
Total Investments
|
—
|
119,724
|
—
|
119,724
|
^
|
The Schedule of Investments provides information on the state categorization for the portfolio.
|
§
|
The following is a reconciliation between the beginning and ending balances of investments in which significant unobservable inputs (Level 3) were used in determining value:
|
Beginning balance, as of 11/1/14
|
Accrued discounts/(premiums)
|
Realized gain/(loss)
|
Change in unrealized appreciation/ (depreciation)
|
Purchases
|
Sales
|
Transfers in to Level 3
|
Transfers out of Level 3
|
Balance as of7/31/15
|
Net change in unrealized appreciation/(depreciation) from investments still held as of 7/31/15
|
|||||||||||||||||||||||||||||||
(000’s omitted)
|
||||||||||||||||||||||||||||||||||||||||
Investments in SecuritiesNew York
|
||||||||||||||||||||||||||||||||||||||||
Units
|
||||||||||||||||||||||||||||||||||||||||
Liquidating Trust—Real Estate
|
$1,830
|
$—
|
$—
|
$—
|
$—
|
$—
|
$—
|
$(1,830
|
)
|
$—
|
$—
|
|||||||||||||||||||||||||||||
Total
|
$1,830
|
$—
|
$—
|
$—
|
$—
|
$—
|
$—
|
$(1,830
|
)
|
$—
|
$—
|
As of the period ended July 31, 2015, a security was transferred from one level (as of October 31, 2014) to another. Based on beginning of period market values as of November 1, 2014, approximately $1,830,000 was transferred from Level 3 to Level 2 for New York as a result of an increase in the number of observable inputs that were readily available to the independent pricing service.
|
##
|
At July 31, 2015, selected fund information on a U.S. federal income tax basis was as follows:
|
(000’s omitted)
|
Cost
|
Gross Unrealized Appreciation
|
Gross Unrealized Depreciation
|
Net UnrealizedAppreciation(Depreciation)
|
||||||||||||
California
|
$133,783
|
$8,374
|
$280
|
$8,094
|
||||||||||||
Intermediate
|
434,098
|
40,695
|
2,973
|
37,722
|
||||||||||||
New York
|
116,051
|
6,028
|
2,355
|
3,673
|
ß
|
Security is guaranteed by the corporate or non-profit obligor.
|
ñ
|
Securities were purchased under Rule 144A of the Securities Act of 1933, as amended (the “1933 Act”), or are private placements and, unless registered under the 1933 Act or exempted from registration, may only be sold to qualified institutional investors. These securities have been deemed by the investment manager to be liquid. At July 31, 2015, these securities amounted to approximately $4,489,000 or 5.3% of net assets applicable to common stockholders for California, approximately $23,524,000 or 7.9% of net assets applicable to common stockholders for Intermediate, and approximately $2,877,000 or 4.0% of net assets applicable to common stockholders for New York.
|
Ø
|
All or a portion of this security was purchased on a when-issued basis. At July 31, 2015, these securities amounted to approximately $600,000 or 0.7% of net assets applicable to common stockholders for California, approximately $1,100,000 or 0.4% of net assets applicable to common stockholders for Intermediate, and approximately $500,000 or 0.7% of net assets applicable to common stockholders for New York.
|
ØØ
|
All or a portion of this security is segregated in connection with obligations for when-issued security purchase commitments.
|
µ
|
Floating rate securities are securities whose yields vary with a designated market index or market rate. These securities are shown at their current rates as of July 31, 2015, and at their final maturities.
|
b
|
Currently a zero coupon security; will convert to 6.00% on December 1, 2015.
|
c
|
Currently a zero coupon security; will convert to 6.50% on December 1, 2015.
|
d
|
Currently a zero coupon security; will convert to 5.5% on August 1, 2021.
|
e
|
Currently a zero coupon security; will convert to 6.38% on August 1, 2016.
|
f
|
Currently a zero coupon security; will convert to 6.38% on August 1, 2019.
|
g
|
Currently a zero coupon security; will convert to 6.13% on August 1, 2023.
|
h
|
Currently a zero coupon security; will convert to 6.75% on August 1, 2015.
|
i
|
Currently a zero coupon security; will convert to 6.88% on August 1, 2019.
|
j
|
Currently a zero coupon security; will convert to 7.30% on August 1, 2026.
|
z
|
A zero balance, if any, may reflect actual amounts rounding to less than $1,000.
|
*
|
Security did not produce income during the last twelve months.
|
^^
|
Value of the security was determined using methods the Board has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security.
|
‡
|
Security had an event of default.
|
Ñ
|
These securities have been deemed by the investment manager to be illiquid. At July 31, 2015, these securities amounted to approximately $489,000 or 0.6% of net assets applicable to common stockholders for California and approximately $2,874,000 or 1.0% of net assets applicable to common stockholders for Intermediate.
|
#
|
These securities have been deemed by the investment manager to be illiquid, and are restricted securities subject to restrictions on resale. Securities were purchased under Rule 144A of the 1933 Act or are private placements and, unless registered under the 1933 Act or exempted from registration, may only be sold to qualified institutional investors.
|
At July 31, 2015, these securities amounted to approximately $1,589,000 or 1.9% of net assets applicable to common stockholders for California, approximately $8,398,000 or 2.9% of net assets applicable to common stockholders for Intermediate and approximately $2,150,000 or 3.0% of net assets applicable to common stockholders for New York.
|
(000’s omitted)
|
Restricted Security
|
Acquisition Date
|
Acquisition Cost
|
Acquisition Cost Percentage of Net Assets Applicable to Common Stockholders as of Acquisition Date
|
Value as of 7/31/15
|
Fair Value Percentage of Net Assets Applicable to Common Stockholders as of 7/31/15
|
California
|
California Muni. Fin. Au.Charter Sch. Lease Rev.(Sycamore Academy Proj.),Ser. 2014, 5.63%, due7/1/44
|
9/18/2014
|
$982
|
1.2%
|
$989
|
1.2%
|
Greene Co. Dev. Au. Swr. Fac. Rev., Ser. 2015, 6.13%, due 1/1/25
|
7/31/2015
|
600
|
0.7%
|
600
|
0.7%
|
|
Intermediate
|
California Muni. Fin. Au.Charter Sch. Lease Rev.(Sycamore Academy Proj.),Ser. 2014, 5.00%, due7/1/24
|
9/18/2014
|
806
|
0.3%
|
809
|
0.3%
|
California Muni. Fin. Au.Charter Sch. Lease Rev.(Sycamore Academy Proj.),Ser. 2014, 5.13%, due7/1/29
|
9/18/2014
|
623
|
0.2%
|
631
|
0.2%
|
|
Greene Co. Dev. Au. Swr. Fac. Rev., Ser. 2015, 6.13%, due 1/1/25
|
7/31/2015
|
1,100
|
0.4%
|
1,100
|
0.4%
|
|
Munimae TE Bond Subsidiary LLC, Unsecured Notes, 5.00%, due 4/30/28
|
1/31/2013
|
1,800
|
0.6%
|
1,953
|
0.7%
|
|
New York Liberty Dev. Corp. Rev. (Nat’l Sports Museum Proj.), Ser. 2006-A, 6.13%,due 2/15/19
|
8/4/2006
|
1,100
|
0.4%
|
0
|
0.0%
|
|
Non-Profit Pfd. Fdg. Trust I, Ser. 2006-C, 4.72%, due 9/15/37
|
10/2/2006
|
3,000
|
1.0%
|
2,402
|
0.8%
|
|
Winrock Town Ctr. Tax Increment Dev. Dist. Number 1 Tax Allocation Sr. Lien Rev. (Gross Receipts Tax Increment Bond), Ser. 2015, 5.25%, due 5/1/25
|
6/30/2015
|
500
|
0.2%
|
501
|
0.2%
|
|
Winrock Town Ctr. Tax Increment Dev. Dist. Number 1 Tax Allocation Sr. Lien Rev. (Gross Receipts Tax Increment Bond), Ser. 2015, 5.75%, due 5/1/30
|
6/30/2015
|
1,000
|
0.4%
|
1,002
|
0.3%
|
|
New York
|
CMS Liquidating Trust
|
11/21/2012
|
3,105
|
4.0%
|
1,650
|
2.3%
|
Greene Co. Dev. Au. Swr. Fac. Rev., Ser. 2015, 6.13%, due 1/1/25
|
7/31/2015
|
500
|
0.7%
|
500
|
0.7%
|
|
New York Liberty Dev. Corp. Rev. (Nat’l Sports Museum Proj.), Ser. 2006-A, 6.13%,due 2/15/19
|
8/4/2006
|
660
|
0.9%
|
0
|
0.0%
|
(a) | Based on an evaluation of the disclosure controls and procedures (as defined in Rule 30a-3(c) under the 1940 Act), as of a date within 90 days of the filing date of this report, the Chief Executive Officer and President and the Treasurer and Principal Financial and Accounting Officer of the Registrant have concluded that such disclosure controls and procedures are effectively designed to ensure that information required to be disclosed by the Registrant on Form N-Q is accumulated and communicated to the Registrant’s management to allow timely decisions regarding required disclosure. |
(b) | There were no significant changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting. |
By:
|
/s/ Robert Conti
|
|
Robert Conti
|
||
Chief Executive Officer and President
|
By:
|
/s/ Robert Conti
|
|
Robert Conti
|
||
Chief Executive Officer and President
|
By:
|
/s/ John M. McGovern
|
|
John M. McGovern
|
||
Treasurer and Principal Financial
and Accounting Officer
|