OMB APPROVAL | ||
OMB Number: 3235-0578
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Expires: April 30, 2013 |
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Estimated average burden
hours per response: 5.6 |
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Item 1. Schedule of Investments | ||||||||
Item 2. Controls and Procedures | ||||||||
Item 3. Exhibits | ||||||||
EXHIBIT INDEX |
invesco.com/us |
VK-CE-IGNYM-QTR-1 07/10 | Invesco Advisers, Inc. |
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Municipal Bonds 166.0% |
||||||||||||||||
New York 156.3% |
||||||||||||||||
$ | 1,000 | Albany, NY Indl Dev Agy Civic
Fac Rev Saint Peters Hosp
Proj, Ser D |
5.750 | % | 11/15/27 | $ | 1,028,050 | |||||||||
1,000 | Amherst, NY Indl Dev Agy Civic
Fac Rev UBF Fac Student
Hsg, Ser A (AMBAC Insd) |
5.750 | 08/01/25 | 1,014,310 | ||||||||||||
1,000 | Amherst, NY Indl Dev Agy Civic
Fac Rev UBF Fac Student
Hsg, Ser B (AMBAC Insd) |
5.750 | 08/01/30 | 1,005,810 | ||||||||||||
6,700 | Brooklyn Arena Loc Dev Corp
NY Barclays Ctr Proj |
* | 07/15/34 | 1,438,758 | ||||||||||||
825 | Brooklyn Arena Loc Dev Corp
NY Barclays Ctr Proj |
6.250 | 07/15/40 | 846,698 | ||||||||||||
825 | Brooklyn Arena Loc Dev Corp
NY Barclays Ctr Proj |
6.375 | 07/15/43 | 849,758 | ||||||||||||
950 | Dutchess Cnty, NY Indl Dev Agy
Civic Fac Rev Elant Fishkill
Inc, Ser A |
5.250 | 01/01/37 | 715,720 | ||||||||||||
2,400 | East Rochester, NY Hsg Auth
Rev Sr Living Woodland Vlg
Proj Rfdg |
5.500 | 08/01/33 | 2,079,648 | ||||||||||||
2,150 | Essex Cnty, NY Indl Dev Agy
Solid Waste Disp Rev Intl
Paper Rfdg, Ser A (AMT) |
5.200 | 12/01/23 | 2,111,343 | ||||||||||||
2,000 | Hempstead Town, NY Indl Dev
Agy Civic Fac Rev Adelphi
Univ Civic Fac |
5.500 | 06/01/32 | 2,029,460 | ||||||||||||
1,655 | Hempstead Town, NY Loc Dev
Corp Rev Molloy College Proj |
5.750 | 07/01/39 | 1,745,810 | ||||||||||||
2,000 | Islip, NY Res Recovery Agy Rev
1985 Fac, Ser B (AMBAC
Insd) (AMT) |
7.250 | 07/01/11 | 2,106,260 |
1
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
New York (continued) |
||||||||||||||||
$ | 1,975 | Long Island Pwr Auth NY Elec
Sys Rev Gen, Ser E |
5.000 | % | 12/01/17 | $ | 2,240,934 | |||||||||
1,860 | Long Island Pwr Auth NY Elec
Sys Rev, Ser A |
6.250 | 04/01/33 | 2,157,265 | ||||||||||||
1,620 | Madison Cnty, NY Indl Dev Agy
Civic Fac Rev Colgate Univ
Proj, Ser A (AMBAC Insd) |
5.000 | 07/01/35 | 1,670,463 | ||||||||||||
750 | Madison Cnty, NY Indl Dev Agy
Civic Fac Rev Oneida Hlth Sys
Inc Proj, Ser A |
5.500 | 02/01/32 | 688,935 | ||||||||||||
1,000 | Madison Cnty, NY Indl Dev Agy
Morrisville St College Fndtn,
Ser A (CIFG Insd) |
5.000 | 06/01/28 | 996,430 | ||||||||||||
1,535 | Metropolitan Trans Auth NY
Dedicated Tax Fd, Ser B |
5.250 | 11/15/27 | 1,681,961 | ||||||||||||
4,000 | Metropolitan Trans Auth NY Rev
Rfdg, Ser A (AMBAC Insd) |
5.500 | 11/15/19 | 4,312,880 | ||||||||||||
10,000 | Metropolitan Trans Auth NY Rev,
Ser B (BHAC Insd) (a) |
5.000 | 11/15/31 | 10,516,000 | ||||||||||||
1,500 | Montgomery Cnty, NY Indl Dev
Agy Lease Rev HFM Boces,
Ser A (Syncora Gtd) |
5.000 | 07/01/34 | 1,360,110 | ||||||||||||
2,935 | Nassau Cnty, NY Gen Impt, Ser
C (AGL Insd) |
5.000 | 10/01/27 | 3,238,861 | ||||||||||||
5,000 | Nassau Cnty, NY Indl Dev Agy
Continuing Care Retirement
Amsterdam at Harborside, Ser
A |
6.700 | 01/01/43 | 5,005,400 | ||||||||||||
3,500 | New York City Indl Dev Agy
Civic Fac Rev Polytechnic
Univ Proj (ACA Insd) |
5.250 | 11/01/37 | 3,242,155 |
2
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
New York (continued) |
||||||||||||||||
$ | 1,735 | New York City Indl Dev Agy
Civic Fac Rev Staten Island
Univ Hosp Proj, Ser B |
6.375 | % | 07/01/31 | $ | 1,749,019 | |||||||||
2,000 | New York City Indl Dev Agy Rev
Liberty 7 World Trade Ctr Proj,
Ser B |
6.750 | 03/01/15 | 2,035,520 | ||||||||||||
1,940 | New York City Indl Dev Agy Rev
Liberty Iac/Interactive Corp. |
5.000 | 09/01/35 | 1,766,564 | ||||||||||||
2,000 | New York City Indl Dev Agy Rev
Queens Baseball Stadium
Pilot (AGL Insd) |
6.500 | 01/01/46 | 2,226,520 | ||||||||||||
2,000 | New York City Indl Dev Agy Rev
Queens Baseball Stadium
Pilot (AMBAC Insd) |
5.000 | 01/01/36 | 1,808,180 | ||||||||||||
2,445 | New York City Indl Dev Agy Spl
Fac Rev NY Stk Exchange
Proj Rfdg, Ser A |
5.000 | 05/01/21 | 2,692,581 | ||||||||||||
500 | New York City Indl Dev Agy Spl
Fac Rev NY Stk Exchange
Proj Rfdg, Ser A |
5.000 | 05/01/25 | 530,330 | ||||||||||||
1,500 | New York City Indl Dev Agy Spl
Fac Rev NY Stk Exchange
Proj Rfdg, Ser A |
5.000 | 05/01/29 | 1,546,545 | ||||||||||||
3,710 | New York City Indl Dev Agy Spl
Fac Rev Term One Group
Assn Proj (AMT) (b) |
5.500 | 01/01/19 | 3,924,883 | ||||||||||||
3,000 | New York City Indl Dev Agy Spl
Fac Rev Term One Group
Assn Proj (AMT) (b) |
5.500 | 01/01/20 | 3,156,000 | ||||||||||||
4,000 | New York City Indl Dev Agy Spl
Fac Rev Term One Group
Assn Proj (AMT) (b) |
5.500 | 01/01/21 | 4,174,680 |
3
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
New York (continued) |
||||||||||||||||
$ | 1,125 | New York City Indl Dev Civic Fac
Rev YMCA Gtr NY Proj |
5.800 | % | 08/01/16 | $ | 1,127,272 | |||||||||
1,500 | New York City Muni Wtr Fin Auth
Wtr & Swr Rev, Ser FF-2 |
5.500 | 06/15/40 | 1,678,515 | ||||||||||||
10,000 | New York City Muni Wtr Fin Auth
Wtr & Swr Sys Rev, Ser C (a) |
5.000 | 06/15/31 | 10,479,100 | ||||||||||||
12,000 | New York City Muni Wtr Fin Auth
Wtr & Swr Sys Rev, Ser D (a) |
5.000 | 06/15/37 | 12,450,840 | ||||||||||||
4,700 | New York City, NY Sub, Ser I-1 |
5.250 | 04/01/32 | 5,130,144 | ||||||||||||
3,300 | New York City, Ser F1 |
5.500 | 11/15/28 | 3,698,112 | ||||||||||||
10,000 | New York City, Ser I-1 (a) |
5.000 | 02/01/26 | 10,777,000 | ||||||||||||
10,000 | New York City, Subser L-1 (a) |
5.000 | 04/01/27 | 10,756,900 | ||||||||||||
1,500 | New York City Tr Cultural Res
Rev Carnegie Hall, Ser A |
5.000 | 12/01/39 | 1,545,600 | ||||||||||||
10,890 | New York City Transitional
Cultural Res Rev Amern
Museum Nat History Rfdg, Ser
A (NATL Insd) (a) |
5.000 | 07/01/44 | 11,150,053 | ||||||||||||
2,950 | New York City Transitional Fin
Auth Bldg Aid Rev Fiscal 2009,
Ser S-1 |
5.500 | 07/15/38 | 3,230,073 | ||||||||||||
1,350 | New York City Transitional Fin
Auth Bldg Aid Rev Fiscal 2009,
Ser S-2 |
6.000 | 07/15/33 | 1,547,302 | ||||||||||||
4,500 | New York City Transitional Fin
Auth Bldg Aid Rev Fiscal 2009,
Ser S-3 |
5.250 | 01/15/27 | 4,954,455 | ||||||||||||
1,000 | New York City Transitional Fin
Auth Bldg Aid Rev Fiscal 2009,
Ser S-3 |
5.250 | 01/15/39 | 1,071,880 | ||||||||||||
2,230 | New York Liberty Dev Corp
Priority Bk American Rfdg |
6.375 | 07/15/49 | 2,337,151 |
4
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
New York (continued) |
||||||||||||||||
$ | 1,000 | New York St Dorm Auth Lease
Rev Master Boces Pgm, Ser A
(AGM Insd) |
5.250 | % | 08/15/17 | $ | 1,039,770 | |||||||||
2,200 | New York St Dorm Auth Rev
Catholic Hlth L.I. Oblig Group |
5.000 | 07/01/27 | 2,220,152 | ||||||||||||
3,000 | New York St Dorm Auth Rev
City Univ Sys Cons, Ser A |
5.625 | 07/01/16 | 3,415,590 | ||||||||||||
1,925 | New York St Dorm Auth Rev
Cons City Univ Sys Second
Gen, Ser A |
5.750 | 07/01/13 | 2,096,749 | ||||||||||||
1,670 | New York St Dorm Auth Rev
Dept Ed |
5.250 | 07/01/19 | 1,820,834 | ||||||||||||
1,500 | New York St Dorm Auth Rev
Dept Hlth, Ser A (CIFG Insd) |
5.000 | 07/01/25 | 1,578,315 | ||||||||||||
2,300 | New York St Dorm Auth Rev
Hosp (NATL Insd) |
5.000 | 08/01/33 | 2,334,546 | ||||||||||||
2,340 | New York St Dorm Auth Rev
Insd Brooklyn Law Sch, Ser B
(Syncora Gtd) |
5.375 | 07/01/23 | 2,408,234 | ||||||||||||
1,720 | New York St Dorm Auth Rev
Insd John T Mather Mem Hosp
Rfdg (Connie Lee Insd) |
6.500 | 07/01/11 | 1,772,236 | ||||||||||||
3,750 | New York St Dorm Auth Rev
Mem Sloan Kettering Cancer
Center (NATL Insd) |
5.500 | 07/01/23 | 4,385,513 | ||||||||||||
6,000 | New York St Dorm Auth Rev
Non St Supported Debt Court
Fac Lease NYC Issue, Ser A
(AMBAC Insd) |
5.500 | 05/15/30 | 6,667,140 | ||||||||||||
915 | New York St Dorm Auth Rev
Non St Supported Debt
Fordham Univ, Ser B (AGL Insd) |
5.000 | 07/01/33 | 965,115 | ||||||||||||
2,000 | New York St Dorm Auth Rev
Non St Supported Debt Insd
Providence Rest (ACA Insd) |
5.000 | 07/01/35 | 1,334,020 |
5
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
New York (continued) |
||||||||||||||||
$ | 2,525 | New York St Dorm Auth Rev
Non St Supported Debt Insd
Providence Rest (ACA Insd) |
5.125 | % | 07/01/30 | $ | 1,825,398 | |||||||||
600 | New York St Dorm Auth Rev
Non St Supported Debt
Insd-pratt Inst, Ser C (AGL Insd) |
5.125 | 07/01/39 | 628,626 | ||||||||||||
4,000 | New York St Dorm Auth Rev
Non St Supported Debt L.I.
Jewish, Ser A |
5.000 | 11/01/26 | 4,079,720 | ||||||||||||
1,750 | New York St Dorm Auth Rev
Non St Supported Debt Mount
Sinai Sch Of Medicine |
5.125 | 07/01/39 | 1,768,025 | ||||||||||||
1,500 | New York St Dorm Auth Rev
Non St Supported Debt NYU
Hosp Ctr, Ser A |
5.000 | 07/01/36 | 1,463,745 | ||||||||||||
2,870 | New York St Dorm Auth Rev
Non St Supported Debt NY
Univ, Ser C |
5.000 | 07/01/38 | 3,005,493 | ||||||||||||
1,250 | New York St Dorm Auth Rev
Non St Supported Debt
North Shore LI Jewish, Ser A |
5.500 | 05/01/37 | 1,296,450 | ||||||||||||
1,000 | NewYork St Dorm Auth Rev
Non St Supported Debt
Orange Regl Med Ctr |
6.125 | 12/01/29 | 1,011,930 | ||||||||||||
3,000 | New York St Dorm Auth Rev
Non St Supported Debt
Orange Regl Med Ctr |
6.500 | 12/01/21 | 3,143,010 | ||||||||||||
2,000 | New York St Dorm Auth Rev
Non St Supported Debt Sch
Dist Bd Fin Pgm, Ser D (AGL Insd) |
5.750 | 10/01/24 | 2,279,880 | ||||||||||||
1,000 | New York St Dorm Auth Rev
Non St Supported Debt St
Josephs College (c) |
5.250 | 07/01/35 | 1,015,410 |
6
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
New York (continued) |
||||||||||||||||
$ | 2,000 | New York St Dorm Auth Rev NY Univ
Insd, Ser 1 (AMBAC Insd) |
5.500 | % | 07/01/31 | $ | 2,396,980 | |||||||||
830 | New York St Dorm Auth Rev
Secondarily Insd NY Univ, Ser
1 (BHAC Insd) |
5.500 | 07/01/31 | 964,211 | ||||||||||||
2,205 | New York St Dorm Auth Rev St
Supported Debt Lease St Univ
Dorm Fac, Ser A |
5.000 | 07/01/25 | 2,377,387 | ||||||||||||
2,000 | New York St Dorm Auth Rev St
Supported Debt Mental Hlth
Svc Fac Impt, Ser A (AGM
Insd) |
5.000 | 02/15/27 | 2,139,020 | ||||||||||||
2,000 | New York St Dorm Auth Rev St
Supported Debt Mental Hlth
Svc, Ser C (AGM Insd) (AMT) |
5.250 | 02/15/28 | 2,024,800 | ||||||||||||
3,600 | New York St Dorm Auth Rev St
Univ Ed Fac, Ser A (NATL
Insd) |
5.250 | 05/15/15 | 4,050,036 | ||||||||||||
5,010 | New York St Dorm Auth Rev St
Univ Ed Fac, Ser B |
5.250 | 05/15/19 | 5,562,954 | ||||||||||||
2,150 | New York St Dorm Auth St Pers
Income Tax Rev Ed, Ser B |
5.750 | 03/15/36 | 2,452,376 | ||||||||||||
300 | New York St Environmental Fac
Corp Pollutn Ctl Rev St Wtr
Revolving Fd, Ser A (POL
CTL-SRF Insd) (d) |
5.750 | 06/15/12 | 330,930 |
7
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
New York (continued) |
||||||||||||||||
$ | 500 | New York St Environmental Fac
Corp Pollutn Ctl Rev St Wtr,
Ser 02 (POL CTL-SRF
Insd) (d) |
5.750 | % | 06/15/12 | $ | 551,450 | |||||||||
95 | New York St Environmental Fac
Corp Pollutn Ctl Rev St Wtr,
Ser 02 (POL CTL-SRF Insd) |
5.750 | 06/15/12 | 104,322 | ||||||||||||
1,505 | New York St Environmental Fac
Corp Rev, Ser C |
5.000 | 10/15/39 | 1,616,235 | ||||||||||||
1,000 | New York St Environmental Fac
Corp St Clean Wtr & Drinking
Revolving Fd Muni Wtr Proj,
Ser B |
5.250 | 06/15/20 | 1,078,480 | ||||||||||||
2,100 | New York St Environmental Fac
Corp St Clean Wtr & Drinking,
Ser A (a) |
5.125 | 06/15/38 | 2,239,377 | ||||||||||||
810 | New York St Mtg Agy Rev
Homeowner Mtg, Ser 71
(AMT) |
5.400 | 04/01/29 | 810,324 | ||||||||||||
1,555 | New York St Mtg Agy Rev
Homeowner Mtg, Ser 145
(AMT) |
5.050 | 10/01/29 | 1,575,977 | ||||||||||||
2,500 | New York St Twy Auth Gen Rev,
Ser H (NATL Insd) |
5.000 | 01/01/29 | 2,623,025 | ||||||||||||
2,000 | New York St Twy Auth Second
Gen Hwy & Brdg Tr Fd, Ser B |
5.000 | 04/01/27 | 2,168,560 | ||||||||||||
1,250 | New York St Urban Dev Corp
Rev Correctional Fac Rfdg |
5.500 | 01/01/13 | 1,307,563 | ||||||||||||
4,650 | New York St Urban Dev Corp
Rev Correctional Fac Rfdg,
Ser A |
5.500 | 01/01/14 | 4,933,092 | ||||||||||||
2,000 | New York St Urban Dev Corp
Rev Svc Contract, Ser B |
5.250 | 01/01/25 | 2,171,740 |
8
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
New York (continued) |
||||||||||||||||
$ | 3,570 | Niagara Falls, NY Frontier Auth
Trans Arpt Rev Buffalo
Niagara Intl Arpt, Ser A (NATL
Insd) (AMT) |
5.625 | % | 04/01/29 | $ | 3,577,925 | |||||||||
1,060 | Niagara Falls, NY Wtr Treatment
Plant (NATL Insd) (AMT) |
7.250 | 11/01/10 | 1,078,529 | ||||||||||||
1,520 | Oneida Cnty, NY Indl Dev Agy
Civic Fac Saint Elizabeth Med,
Ser B |
6.000 | 12/01/19 | 1,530,853 | ||||||||||||
1,950 | Onondaga, NY Civic Dev Corp
Rev Le Moyne College Proj |
5.375 | 07/01/40 | 1,965,561 | ||||||||||||
35,000 | Port Auth NY & NJ Cons
144th (a) |
5.000 | 10/01/35 | 36,875,650 | ||||||||||||
10,000 | Port Auth NY & NJ Cons
152nd (a) |
5.000 | 10/01/25 | 10,386,600 | ||||||||||||
2,000 | Port Auth NY & NJ Spl Oblig
Rev Spl Proj JFK Intl Arpt
Term 6 (NATL Insd) (AMT) |
5.750 | 12/01/22 | 2,002,180 | ||||||||||||
2,500 | Port Auth NY & NJ Spl Oblig
Rev Spl Proj JFK Intl Arpt
Term 6 (NATL Insd) (AMT) |
5.750 | 12/01/25 | 2,503,650 | ||||||||||||
1,000 | Rockland Cnty, NY Solid Waste
Mgmt Auth, Ser B (AMBAC
Insd) (AMT) |
5.125 | 12/15/28 | 1,001,630 | ||||||||||||
1,000 | Saratoga Cnty, NY Indl Dev Agy
Civic Fac Rev Saratoga Hosp
Proj, Ser B |
5.125 | 12/01/27 | 995,950 | ||||||||||||
1,500 | Seneca Cnty, NY Indl Dev Agy
Solid Waste Disp Rev Seneca
Meadows Inc Proj
(GTY AGMT) (AMT) (b)(e) |
6.625 | 10/01/35 | 1,511,430 |
9
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
New York (continued) |
||||||||||||||||
$ | 1,250 | Sodus, NY Ctr Sch Dist Rfdg
(NATL Insd) |
5.125 | % | 06/15/17 | $ | 1,342,063 | |||||||||
2,085 | Suffolk Cnty, NY Indl Dev Agy
Civic Fac Rev Eastrn Long
Island Hosp Assn (e) |
5.375 | 01/01/27 | 1,672,128 | ||||||||||||
750 | Tompkins Cnty, NY Indl Dev Agy
Rev Civic Fac Cornell Univ,
Ser A |
5.000 | 07/01/37 | 801,068 | ||||||||||||
15 | Triborough Brdg & Tunl Auth NY
Rev Gen Purp, Ser A |
5.000 | 01/01/32 | 15,500 | ||||||||||||
2,000 | Troy, NY Cap Resource Corp
Rev Rensselaer Polytechnic,
Ser A |
5.000 | 09/01/30 | 2,062,280 | ||||||||||||
2,340 | Tsasc, Inc NY, Ser 1 |
5.000 | 06/01/34 | 1,984,858 | ||||||||||||
8,000 | Tsasc, Inc NY, Ser 1 |
5.125 | 06/01/42 | 6,455,520 | ||||||||||||
1,000 | United Nations Dev Corp NY
Rev Rfdg, Ser A |
5.000 | 07/01/25 | 1,085,300 | ||||||||||||
1,360 | Warren & Washington Cnty, NY
Indl Dev Agy Civic Fac Rev
Glens Falls Hosp Proj, Ser A
(AGM Insd) |
5.000 | 12/01/35 | 1,369,044 | ||||||||||||
5,000 | Westchester Cnty, NY Indl Dev
Agy Continuing Care
Retirement Mtg Kendal on
Hudson Proj, Ser A
(Prerefunded @ 1/01/13) |
6.500 | 01/01/34 | 5,683,450 | ||||||||||||
5,500 | Westchester Tob Asset Sec
Corp NY |
5.125 | 06/01/45 | 4,183,135 | ||||||||||||
348,747,282 | ||||||||||||||||
Guam 0.9% |
||||||||||||||||
750 | Guam Govt Ltd Oblig Rev Sect
30, Ser A |
5.625 | 12/01/29 | 773,002 |
10
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Guam (continued) |
||||||||||||||||
$ | 500 | Guam Govt Ltd Oblig Rev Sect
30, Ser A |
5.750 | % | 12/01/34 | $ | 515,060 | |||||||||
820 | Guam Pwr Auth Rev, Ser A |
5.500 | 10/01/40 | 813,604 | ||||||||||||
2,101,666 | ||||||||||||||||
Puerto Rico 5.9% |
||||||||||||||||
1,225 | Puerto Rico Comwlth
Infrastructure Fin Auth Spl Tax
Rev Rfdg, Ser C (AMBAC
Insd) |
5.500 | 07/01/27 | 1,297,924 | ||||||||||||
1,000 | Puerto Rico Elec Pwr Auth Pwr
Rev, Ser TT |
5.000 | 07/01/37 | 983,250 | ||||||||||||
1,000 | Puerto Rico Elec Pwr Auth Rev,
Ser WW |
5.000 | 07/01/28 | 1,010,050 | ||||||||||||
1,500 | Puerto Rico Elec Pwr Auth Rev,
Ser WW |
5.250 | 07/01/33 | 1,515,900 | ||||||||||||
1,000 | Puerto Rico Elec Pwr Auth Rev,
Ser WW |
5.500 | 07/01/21 | 1,092,410 | ||||||||||||
75 | Puerto Rico Pub Bldgs Auth Rev
Govt Fac, Ser I (Comwth Gtd)
(Prerefunded @ 7/01/14) |
5.250 | 07/01/33 | 86,767 | ||||||||||||
2,500 | Puerto Rico Sales Tax Fin Corp
Sales Tax Rev First Sub, Ser
A (Prerefunded @ 8/01/11) (b) |
5.000 | 08/01/39 | 2,619,500 | ||||||||||||
945 | Puerto Rico Sales Tax Fin Corp
Sales Tax Rev First Sub, Ser
A |
5.375 | 08/01/39 | 959,043 | ||||||||||||
1,500 | Puerto Rico Sales Tax Fin Corp
Sales Tax Rev First Sub, Ser A |
6.375 | 08/01/39 | 1,660,665 | ||||||||||||
2,000 | Puerto Rico Sales Tax Fin Corp
Sales Tax Rev First Sub, Ser C |
5.250 | 08/01/41 | 2,010,040 | ||||||||||||
13,235,549 | ||||||||||||||||
11
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
U.S. Virgin Islands 2.9% |
||||||||||||||||
$ | 1,500 | Virgin Islands Pub Fin Auth Rev
Gross Rcpt Taxes Ln Nt, Ser
A |
6.375 | % | 10/01/19 | $ | 1,521,120 | |||||||||
3,000 | Virgin Islands Pub Fin Auth Rev
Gross Rcpt Taxes Ln Nt, Ser A
(ACA Insd) (Prerefunded @
10/01/10) |
6.125 | 10/01/29 | 3,059,640 | ||||||||||||
1,600 | Virgin Islands Pub Fin Auth Rev
Matching Fd Ln Diago, Ser A |
6.625 | 10/01/29 | 1,803,024 | ||||||||||||
6,383,784 | ||||||||||||||||
Total Long-Term Investments 166.0% (Cost $358,808,840) |
370,468,281 | |||||||||||||||
Total Short-Term Investments 1.3% (Cost $2,900,000) |
2,900,000 | |||||||||||||||
Total Investments 167.3% (Cost $361,708,840) |
373,368,281 | |||||||||||||||
Liability for Floating Rate Note Obligations Related to
Securities Held (29.7%) (Cost $66,235,000) |
||||||||||||||||
(66,235 | ) | Notes with interest rates ranging from 0.27%
to 0.37% at July 31, 2010 and
contractual maturities of collateral ranging
from 2025 to 2044 (f) |
(66,235,000 | ) | ||||||||||||
Total Net Investments 137.6% (Cost $295,473,840) |
307,133,281 | |||||||||||||||
Other Assets in Excess of Liabilities 1.4% |
3,058,783 | |||||||||||||||
Preferred Shares (including accrued distributions) (39.0%) | (87,007,111 | ) | ||||||||||||||
Net Assets Applicable to Common Shares 100.0% | $ | 223,184,953 | ||||||||||||||
12
Percentages are calculated as a percentage of net assets applicable to common shares. | ||
* | Zero coupon bond | |
(a) | Underlying security related to Inverse Floaters entered into by the Trust. | |
(b) | Variable Rate Coupon | |
(c) | Security purchased on a when-issued or delayed delivery basis. | |
(d) | Escrowed to Maturity | |
(e) | 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. | |
(f) | Floating rate notes. The interest rates shown reflect the rates in effect at July 31,2010 |
Level 1
|
Prices are based on quoted prices in active markets for identical investments | |
Level 2
|
Prices are based on other significant observable inputs which may include quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc. | |
Level 3
|
Prices are based on significant unobservable inputs including the Trusts own assumptions in determining the fair value of investments. Factors considered in making this determination may include, but are not limited to, information obtained by contacting the issuer, analysts, or the appropriate stock exchange (for exchange-traded securities), analysis of the issuers financial statements or other available documents and, if necessary, available information concerning other securities in similar circumstances. |
13
Level 1 | Level 2 | Level 3 | ||||||||||||||
Quoted | Other Significant | Significant | ||||||||||||||
Prices | Observable Inputs | Unobservable Inputs | Total | |||||||||||||
Municipal Bonds |
$ | -0- | $ | 373,368,281 | $ | -0- | $ | 373,368,281 | ||||||||
Aggregate unrealized appreciation of investment securities |
$ | 15,397,051 | ||
Aggregate unrealized (depreciation) of investment securities |
(4,621,483 | ) | ||
Net unrealized appreciation of investment securities |
$ | 10,775,568 | ||
14
(a) | As of September 16, 2010, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the Principal Executive Officer (PEO) and Principal Financial Officer (PFO), to assess the effectiveness of the Registrants disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Investment Company Act of 1940 (Act), as amended. Based on that evaluation, the Registrants officers, including the PEO and PFO, concluded that, as of , September 16, 2010, the Registrants disclosure controls and procedures were reasonably designed so as to ensure: (1) that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Securities and Exchange Commission; and (2) that material information relating to the Registrant is made known to the PEO and PFO as appropriate to allow timely decisions regarding required disclosure. | ||
(b) | There have been no changes in the Registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrants internal control over financial reporting. |
Certifications of PEO and PFO as required by Rule 30a-2(a) under the Investment Company Act of 1940. |
By: | /s/ Colin Meadows | |||
Colin Meadows | ||||
Principal Executive Officer |
By: | /s/ Colin Meadows | |||
Colin Meadows | ||||
Principal Executive Officer |
By: | /s/ Sheri Morris | |||
Sheri Morris | ||||
Principal Financial Officer |