|
Principal Amount
|
Security
|
Value†
|
||||
|
($000's omitted)
|
($000's omitted)z
|
|||||
|
Municipal Notes (163.0%)
|
||||||
|
Alabama (1.2%)
|
||||||
|
1,500
|
Courtland IDB Solid Waste Disp. Rev. (Champion Int'l Corp. Proj.), Ser. 1999, 6.00%, due 8/1/29
|
1,502
|
ß
|
|||
|
1,900
|
Selma IDB Rev. (Int'l Paper Co. Proj.), Ser. 2011-A, 5.38%, due 12/1/35
|
1,916
|
ß
|
|||
|
3,418
|
||||||
|
Arizona (8.5%)
|
||||||
|
5,000
|
Arizona Sch. Fac. Board Cert. of Participation, Ser. 2008, (Assured Guaranty Insured), 5.13%, due 9/1/21
|
5,509
|
||||
|
2,265
|
Arizona Wtr. Infrastructure Fin. Au. Rev. (Wtr. Quality), Ser. 2008-A, 5.00%, due 10/1/22
|
2,571
|
||||
|
5,870
|
Mohave Co. Ind. Dev. Au. Correctional Fac. Contract Rev. (Mohave Prison LLC Expansion Proj.), Ser. 2008, 7.50%, due 5/1/19
|
6,701
|
ß
|
|||
|
1,500
|
Phoenix Ind. Dev. Au. Solid Waste Disp. Rev. (Vieste Spec. LLC), Ser. 2013-A, 4.38%, due 4/1/28
|
1,418
|
ß
|
|||
|
400
|
Phoenix-Mesa Gateway Arpt. Au. Spec. Fac. Rev. (Mesa Proj.), Ser. 2012, 5.00%, due 7/1/24
|
423
|
||||
|
1,450
|
Pima Co. Swr. Rev., Ser. 2012-A, 5.00%, due 7/1/27
|
1,610
|
||||
|
1,840
|
Pinal Co. Cert. of Participation, Ser. 2004, 5.25%, due 12/1/18
|
1,895
|
||||
|
1,155
|
Pinal Co. Cert. of Participation, Ser. 2004, 5.25%, due 12/1/22
|
1,199
|
||||
|
2,325
|
Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2006, 5.05%, due 7/15/18
|
2,240
|
||||
|
23,566
|
||||||
|
California (27.9%)
|
||||||
|
695
|
California HFA Rev. (Home Mtge.), Ser. 2007-E, 5.00%, due 2/1/42
|
715
|
||||
|
1,755
|
California HFA Rev. (Home Mtge.), Ser. 2006-E, (FGIC Insured), 4.95%, due 8/1/26
|
1,747
|
||||
|
2,250
|
California Hlth. Fac. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.), Ser. 2009, 5.00%, due 8/15/39
|
2,281
|
ß
|
|||
|
1,000
|
California Hlth. Facs. Fin. Au. Rev. (Children's Hosp. Los Angeles), Ser. 2012-A, 5.00%, due 11/15/26
|
1,047
|
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
|
1,766
|
||||
|
1,685
|
California St. G.O., Ser. 2007, (XLCA Insured), 4.50%, due 8/1/27
|
1,749
|
||||
|
1,845
|
California St. G.O., Ser. 2005, 5.00%, due 3/1/19
|
1,932
|
||||
|
5,000
|
California St. Poll. Ctrl. Fin. Au. Wtr. Furnishing Rev., Ser. 2012, 5.00%, due 7/1/27
|
4,923
|
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
|
1,506
|
||||
|
4,000
|
California St. Var. Purp. G.O., Ser. 2009, 5.63%, due 4/1/25
|
4,589
|
||||
|
940
|
California Statewide CDA Rev. (California Baptist Univ. Proj.), Ser. 2007-A, 5.30%, due 11/1/18
|
1,011
|
ß
|
|||
|
2,000
|
Emery Unified Sch. Dist. G.O. (Election 2010), Ser. 2011-A, 6.50%, due 8/1/33
|
2,315
|
||||
|
2,000
|
Imperial Comm. College Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, (AGM Insured), 0.00%, due 8/1/40
|
2,027
|
h
|
|||
|
1,000
|
Inglewood Pub. Fin. Au. Ref. Rev. (Lease), Ser. 2012, 5.00%, due 8/1/16
|
1,073
|
||||
|
1,950
|
Inglewood Pub. Fin. Au. Ref. Rev. (Lease), Ser. 2012, 5.00%, due 8/1/17
|
2,125
|
||||
|
1,115
|
Inglewood Pub. Fin. Au. Ref. Rev. (Lease), Ser. 2012, 5.00%, due 8/1/18
|
1,220
|
||||
|
3,620
|
Norwalk-La Mirada Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 2005-B, (AGM Insured), 0.00%, due 8/1/24
|
2,329
|
||||
|
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
|
4,136
|
d
|
|||
|
5,000
|
Redondo Beach Unified Sch. Dist. G.O., Ser. 2009, 0.00%, due 8/1/34
|
4,828
|
e
|
|||
|
2,060
|
Rocklin Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 1994-B, (National Public Finance Guarantee Corp. Insured), 0.00%, due 8/1/19
|
1,811
|
||||
|
4,000
|
Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.), Ser. 2006-E, (AMBAC Insured), 5.25%, due 12/1/26
|
4,459
|
||||
|
2,000
|
San Bernardino Comm. College Dist. G.O. Cap. Appreciation (Election), Ser. 2009-B, 0.00%, due 8/1/34
|
1,647
|
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
|
2,250
|
||||
|
6,000
|
San Mateo Foster City Sch. Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2010-A, 0.00%, due 8/1/32
|
3,618
|
g
|
|||
|
1,540
|
Successor Agcy. to the Monrovia Redev. Agcy. Tax Allocation Rev. (Cent. Redev. Proj.), Ser. 2013, 5.00%, due 8/1/26
|
1,563
|
||||
|
2,040
|
Sweetwater Union High Sch. Dist. Pub. Fin. Au. Rev., Ser. 2013, (BAM Insured), 5.00%, due 9/1/25
|
2,240
|
||||
|
3,000
|
Vernon Elec. Sys. Rev., Ser. 2009-A, 5.13%, due 8/1/21
|
3,292
|
||||
|
9,070
|
Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C, 0.00%, due 8/1/37
|
7,582
|
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
|
2,891
|
||||
|
3,000
|
Wiseburn Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-B, (AGM Insured), 0.00%, due 8/1/36
|
1,664
|
j
|
|||
|
77,078
|
||||||
|
Colorado (2.9%)
|
||||||
|
5,000
|
Denver City & Co. Arpt. Sys. Rev., Ser. 2011-B, 5.00%, due 11/15/24
|
5,475
|
||||
|
2,550
|
Plaza Metro. Dist. Number 1 Tax Allocation Rev., Ser. 2013, 4.00%, due 12/1/23
|
2,424
|
||||
|
7,899
|
||||||
|
Connecticut (0.5%)
|
||||||
|
650
|
Hamden G.O., Ser. 2013, (AGM Insured), 3.00%, due 8/15/24
|
600
|
||||
|
750
|
Hamden G.O., Ser. 2013, (AGM Insured), 3.13%, due 8/15/25
|
687
|
||||
|
1,287
|
||||||
|
District of Columbia (2.9%)
|
||||||
|
1,615
|
Dist. of Columbia HFA Rev. (Capitol Hill Towers Proj.), Ser. 2011, (Fannie Mae Insured), 4.10%, due 12/1/26
|
1,687
|
ß
|
|||
|
3,035
|
Dist. of Columbia Rev. (Friendship Pub. Charter Sch.), Ser. 2012, 3.55%, due 6/1/22
|
2,813
|
ß
|
|||
|
1,000
|
Metro. Washington Dist. of Columbia Arpt. Au. Sys. Rev., Ser. 2008-A, 5.50%, due 10/1/18
|
1,163
|
||||
|
2,000
|
Metro. Washington Dist. of Columbia Arpt. Au. Sys. Rev., Ser. 2011-C, 5.00%, due 10/1/26
|
2,196
|
||||
|
7,859
|
||||||
|
Florida (5.3%)
|
||||||
|
1,000
|
Cityplace Comm. Dev. Dist. Spec. Assessment Rev. Ref., Ser. 2012, 5.00%, due 5/1/26
|
1,083
|
||||
|
1,000
|
Collier Co. Ind. Dev. Au. Continuing Care Comm. Rev. (Arlington of Naples Proj.), Ser. 2014-B-1, 6.88%, due 5/15/21
|
1,003
|
#ß
|
|||
|
1,000
|
Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.), Ser. 2012-A, 5.50%, due 6/15/22
|
937
|
ß
|
|||
|
3,120
|
Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.), Ser. 2013-A, 6.75%, due 12/15/27
|
3,185
|
ß
|
|||
|
1,795
|
Florida St. Muni. Loan Council Rev., Ser. 2012, (AGM Insured), 5.00%, due 5/1/21
|
2,041
|
||||
|
1,000
|
Hillsborough Co. Ind. Dev. Au. IDR (Hlth. Facs.), Ser. 2008-B, 8.00%, due 8/15/32 Pre-Refunded 8/15/19
|
1,353
|
ß
|
|||
|
1,135
|
Lakeland Ed. Facs. Rev. Ref. (Florida So. College Proj.), Ser. 2012-A, 5.00%, due 9/1/27
|
1,159
|
ß
|
|||
|
2,000
|
Lee Co. Arpt. Ref. Rev., Ser. 2011-A, 5.63%, due 10/1/25
|
2,218
|
||||
|
2,000
|
Martin Co. Ind. Dev. Au. Ref. Rev. (Indiantown Cogeneration Proj.), Ser. 2013, 4.20%, due 12/15/25
|
1,772
|
ß
|
|||
|
14,751
|
||||||
|
Guam (2.7%)
|
||||||
|
1,220
|
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.75%, due 11/1/20
|
1,339
|
||||
|
650
|
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.75%, due 11/1/21
|
708
|
||||
|
2,550
|
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2005, 6.00%, due 7/1/25
|
2,592
|
||||
|
2,630
|
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25
|
2,713
|
||||
|
7,352
|
||||||
|
Hawaii (2.7%)
|
||||||
|
5,200
|
Hawaii St. Arpt. Sys. Ref. Rev., Ser. 2011, 4.13%, due 7/1/24
|
5,369
|
||||
|
2,000
|
Hawaii St. Dept. of Budget & Fin. Spec. Purp. Rev. (Hawaii Elec. Co., Inc. -Subsidiary), Ser. 2009, 6.50%, due 7/1/39
|
2,199
|
ß
|
|||
|
7,568
|
||||||
|
Illinois (17.8%)
|
||||||
|
2,680
|
Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17
|
2,714
|
||||
|
5,705
|
Berwyn G.O., Ser. 2013-A, 5.00%, due 12/1/27
|
5,906
|
||||
|
180
|
Chicago G.O. (Unrefunded Bal.), Ser. 2002-A, (AMBAC Insured), 5.38%, due 1/1/17
|
181
|
||||
|
1,350
|
Cook Co. Sch. Dist. Number 83 G.O. (Mannheim), Ser. 2013-C, 5.45%, due 12/1/30
|
1,434
|
||||
|
1,960
|
Cook Co. Sch. Dist. Number 83 G.O. (Mannheim), Ser. 2013-C, 5.50%, due 12/1/31
|
2,076
|
||||
|
1,970
|
Cook Co. Township High Sch. Dist. Number 225 Northfield Township, Ser. 2008, 5.00%, due 12/1/25
|
2,163
|
||||
|
1,875
|
Illinois Fin. Au. Ref. Rev. (Roosevelt Univ. Proj.), Ser. 2009, 5.00%, due 4/1/16
|
1,953
|
ß
|
|||
|
4,000
|
Illinois Fin. Au. Ref. Rev. (Roosevelt Univ. Proj.), Ser. 2009, 5.75%, due 4/1/24
|
4,152
|
ß
|
|||
|
1,960
|
Illinois Fin. Au. Rev. (Navistar Int'l Rec. Zone Fac.), Ser. 2010, 6.50%, due 10/15/40
|
1,907
|
ß
|
|||
|
5,840
|
Illinois Fin. Au. Rev. (Provena Hlth.), Ser. 2010-A, 6.25%, due 5/1/22
|
6,617
|
ß
|
|||
|
3,000
|
Illinois Hlth. Fac. Au. Rev. (Loyola Univ. Hlth. Sys.) (Unrefunded Bal.), Ser. 1997-A, (National Public Finance Guarantee Corp. Insured), 6.00%, due 7/1/14
|
3,070
|
ß
|
|||
|
1,670
|
Illinois Metro. Pier & Exposition Au. Dedicated St. Tax Ref. Rev., Ser. 1998-A, (FGIC Insured), 5.50%, due 6/15/17
|
1,930
|
||||
|
1,905
|
Illinois Sports Facs. Au. Cap. Appreciation Rev. (St. Tax Supported), Ser. 2001, (AMBAC Insured), 0.00%, due 6/15/26
|
1,071
|
||||
|
3,900
|
Illinois St. G.O., Ser. 2012, 4.00%, due 8/1/25
|
3,805
|
||||
|
2,025
|
Pingree Grove Village Rev. (Cambridge Lakes Learning Ctr. Proj.), Ser. 2011, 8.00%, due 6/1/26
|
2,161
|
ß
|
|||
|
2,725
|
Univ. of Illinois (Hlth. Svc. Facs. Sys.), Ser. 2013, 5.00%, due 10/1/27
|
2,811
|
||||
|
2,875
|
Univ. of Illinois (Hlth. Svc. Facs. Sys.), Ser. 2013, 5.75%, due 10/1/28
|
3,119
|
||||
|
1,850
|
Will Co. High Sch. Dist. Number 204 G.O. (Joliet Jr. College), Ser. 2011-A, 6.25%, due 1/1/31
|
2,148
|
||||
|
49,218
|
||||||
|
Indiana (5.6%)
|
||||||
|
4,000
|
Indiana Bond Bank Rev. (Spec. Prog. Clark Mem. Hosp.), Ser. 2009-D, 5.50%, due 8/1/29
|
4,267
|
ß
|
|||
|
500
|
Indiana Fin. Au. Midwestern Disaster Relief Rev. (Ohio Valley Elec. Corp. Proj.), Ser. 2012-A, 5.00%, due 6/1/32
|
488
|
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
|
4,311
|
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
|
3,801
|
||||
|
1,640
|
Jasper Hosp. Au. Hosp. Fac. Ref. Rev. (Mem. Hosp. & Hlth. Care Ctr. Proj.), Ser. 2002, (Radian Insured), 5.50%, due 11/1/17
|
1,640
|
ß
|
|||
|
1,000
|
Valparaiso Exempt Facs. Rev. (Pratt Paper LLC Proj.), Ser. 2013, 5.88%, due 1/1/24
|
1,038
|
ß
|
|||
|
15,545
|
||||||
|
Iowa (5.7%)
|
||||||
|
1,000
|
Coralville Urban Renewal Rev., Tax Increment, Ser. 2007-C, 5.00%, due 6/1/15
|
1,001
|
||||
|
5,110
|
Iowa Fin. Au. Rev. (St. Revolving Fund Prog.), Ser. 2008, 5.50%, due 8/1/22
|
5,905
|
||||
|
4,000
|
Iowa Higher Ed. Loan Au. Rev. (William Penn Univ.), Ser. 2013-D, 6.00%, due 5/15/14
|
4,016
|
ß
|
|||
|
2,850
|
Iowa Std. Loan Liquidity Corp. Rev., Ser. 2011-A1, 5.00%, due 12/1/21
|
2,935
|
||||
|
825
|
Iowa Std. Loan Liquidity Corp. Rev., Ser. 2011-A-1, 5.30%, due 12/1/23
|
841
|
||||
|
1,005
|
Kirkwood Comm. College Iowa New Jobs Training Cert. G.O. (Merged Area X), Ser. 2007-1B, 5.00%, due 6/1/17
|
1,062
|
||||
|
15,760
|
||||||
|
Kansas (0.2%)
|
||||||
|
500
|
Kansas Independent College Fin. Au. Rev. (Bethel College), Ser. 2013-A, 4.50%, due 5/1/14
|
500
|
ß
|
|||
|
Kentucky (0.0%)
|
||||||
|
10
|
Shelby Co. Lease Rev., Ser. 2004-A, (LOC: U.S. Bank), 0.05%, due 9/1/34
|
10
|
µ
|
|||
|
Louisiana (1.5%)
|
||||||
|
1,500
|
Louisiana Local Gov't Env. Fac. & Comm. (Westlake Chemical Corp.), Ser. 2010-A2, 6.50%, due 11/1/35
|
1,637
|
ß
|
|||
|
775
|
Louisiana Pub. Facs. Au. Rev. (Southwest Louisiana Charter Academy Foundation Proj.), Ser. 2013-A, 7.63%, due 12/15/28
|
789
|
||||
|
1,655
|
St. Charles Parish Gulf Zone Opportunity Rev. (Valero Energy Corp.), Ser. 2010, 4.00%, due 12/1/40 Putable 6/1/22
|
1,669
|
µß
|
|||
|
4,095
|
||||||
|
Maine (0.9%)
|
||||||
|
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
|
2,439
|
µß
|
|||
|
Maryland (0.9%)
|
||||||
|
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
|
2,476
|
µß
|
|||
|
Massachusetts (8.7%)
|
||||||
|
200
|
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/24
|
205
|
ß
|
|||
|
415
|
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/25
|
420
|
ß
|
|||
|
200
|
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/26
|
200
|
ß
|
|||
|
190
|
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/27
|
188
|
ß
|
|||
|
150
|
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/28
|
146
|
ß
|
|||
|
3,395
|
Massachusetts St. Ed. Fin. Au. Rev., Ser. 2011-J, 5.00%, due 7/1/23
|
3,546
|
||||
|
4,770
|
Massachusetts St. Ed. Fin. Au. Rev., Ser. 2012-J, 4.70%, due 7/1/26
|
4,805
|
||||
|
5,000
|
Massachusetts St. Ed. Fin. Au. Rev., Ser. 2013-K, 4.50%, due 7/1/24
|
5,035
|
||||
|
5,000
|
Massachusetts St. HFA Hsg. Rev., Ser. 2010-C, 4.90%, due 12/1/25
|
5,142
|
||||
|
4,030
|
Massachusetts St. Wtr. Poll. Abatement Trust Rev. (MWRA Prog.), Ser. 2002-A, 5.25%, due 8/1/19
|
4,045
|
||||
|
140
|
Massachusetts St. Wtr. Poll. Abatement Trust Rev. (Unrefunded Bal. Rev. Pool Prog.), Ser. 2001-7, 5.25%, due 2/1/16
|
141
|
||||
|
23,873
|
||||||
|
Michigan (0.8%)
|
||||||
|
2,000
|
Summit Academy North Pub. Sch. Academy Ref. Rev., Ser. 2005, 5.25%, due 11/1/20
|
1,970
|
||||
|
295
|
Summit Academy Pub. Sch. Academy Ref. Rev., Ser. 2005, 6.00%, due 11/1/15
|
300
|
||||
|
2,270
|
||||||
|
Minnesota (2.6%)
|
||||||
|
2,000
|
Maple Grove Hlth. Care Sys. Rev. (Maple Grove Hosp. Corp.), Ser. 2007, 5.00%, due 5/1/17
|
2,138
|
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
|
2,420
|
ß
|
|||
|
2,500
|
Wayzata Sr. Hsg. Enhanced Deposit Rev. (Folkestone Sr. Living Comm.), Ser. 2012-B, 4.88%, due 5/1/19
|
2,517
|
ß
|
|||
|
7,075
|
||||||
|
Mississippi (1.7%)
|
||||||
|
4,000
|
Mississippi Bus. Fin. Corp. Gulf Opportunity Zone Rev., Ser. 2009-A, 4.70%, due 5/1/24
|
4,246
|
ß
|
|||
|
500
|
Mississippi Dev. Bank Spec. Oblig. (Wilkinson Co. Correctional), Ser. 2008-D, 5.00%, due 8/1/15
|
535
|
ß
|
|||
|
4,781
|
||||||
|
Missouri (2.2%)
|
||||||
|
390
|
Missouri St. Env. Imp. & Energy Res. Au. Wtr. PCR (Unrefunded Bal. Drinking Wtr.), Ser. 2002-B, 5.50%, due 7/1/16
|
391
|
||||
|
2,275
|
Missouri St. Hlth. & Ed. Facs. Au. Rev. (Children's Mercy Hosp.), Ser. 2009, 5.13%, due 5/15/24
|
2,426
|
ß
|
|||
|
2,965
|
Missouri St. Univ. Auxiliary Enterprise Sys. Rev., Ser. 2007-A, (XLCA Insured), 5.00%, due 4/1/26
|
3,232
|
||||
|
6,049
|
||||||
|
Nevada (2.0%)
|
||||||
|
1,635
|
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 6.50%, due 6/15/17
|
1,733
|
||||
|
3,545
|
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23
|
3,844
|
||||
|
5,577
|
||||||
|
New Hampshire (1.0%)
|
||||||
|
2,600
|
New Hampshire Hlth. & Ed. Facs. Au. Rev. (Dartmouth-Hitchcock Clinic), Ser. 2009, 5.00%, due 8/1/19
|
2,646
|
ß
|
|||
|
New Jersey (5.6%)
|
||||||
|
300
|
JP Morgan Chase Putters/Drivers Trust Var. Sts., Ser. 2013, (LOC: JP Morgan Chase), 0.29%, due 7/1/14
|
300
|
ñµ
|
|||
|
2,500
|
New Jersey Econ. Dev. Au. Rev. (Continental Airlines, Inc., Proj.), Ser. 1999, 5.13%, due 9/15/23
|
2,430
|
ß
|
|||
|
500
|
New Jersey Econ. Dev. Au. Rev. (The Goethals Bridge Replacement Proj.), Ser. 2013, 5.25%, due 1/1/25
|
548
|
ß
|
|||
|
500
|
New Jersey Econ. Dev. Au. Rev. (The Goethals Bridge Replacement Proj.), Ser. 2013, 5.50%, due 1/1/26
|
554
|
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
|
1,311
|
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
|
1,346
|
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
|
1,388
|
ß
|
|||
|
765
|
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 4.00%, due 7/1/27
|
703
|
ß
|
|||
|
7,000
|
New Jersey Higher Ed. Assist. Au. Rev. (Std. Loan Rev.), Ser. 2012-1A, 4.38%, due 12/1/26
|
6,922
|
||||
|
15,502
|
||||||
|
New York (9.7%)
|
||||||
|
1,320
|
Build NYC Res. Corp. Rev. (Int'l Leadership Charter Sch. Proj.), Ser. 2013, 5.00%, due 7/1/23
|
1,262
|
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
|
417
|
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
|
1,037
|
ß
|
|||
|
165
|
Lyons Comm. Hlth. Initiatives Corp. Fac. Rev., Ser. 2004, 5.50%, due 9/1/14
|
165
|
||||
|
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
|
4,173
|
ß
|
|||
|
3,200
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Univ. Facs.), Ser. 2013-A, 5.00%, due 7/1/28
|
3,536
|
||||
|
2,000
|
New York St. HFA Rev. (Affordable Hsg.), Ser. 2009-B, 4.85%, due 11/1/41
|
2,014
|
||||
|
2,000
|
New York St. Urban Dev. Corp. Rev., Ser. 2008-D, 5.25%, due 1/1/20
|
2,311
|
||||
|
710
|
Newburgh G.O., Ser. 2012-A, 5.00%, due 6/15/20
|
764
|
||||
|
495
|
Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/20
|
533
|
||||
|
520
|
Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/21
|
557
|
||||
|
550
|
Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/22
|
583
|
||||
|
1,435
|
Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.), Ser. 2012-A, 5.00%, due 5/1/23
|
1,553
|
ß
|
|||
|
1,000
|
Niagara Area Dev. Corp. Solid Waste Disp. Fac. Rev. (Covanta Energy Proj.), Ser. 2012-B, 4.00%, due 11/1/24
|
945
|
ß
|
|||
|
1,155
|
Suffolk Co. Judicial Facs. Agcy. Lease Rev. (H. Lee Dennison Bldg.), Ser. 2013, 4.25%, due 11/1/26
|
1,147
|
||||
|
5,000
|
Utility Debt Securitization Au. Rev., Ser. 2013-TE, 5.00%, due 12/15/28
|
5,747
|
||||
|
26,744
|
||||||
|
North Carolina (3.8%)
|
||||||
|
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
|
1,728
|
ß
|
|||
|
2,000
|
North Carolina Med. Care Commission Retirement Facs. Rev., Ser. 2013, 5.13%, due 7/1/23
|
2,023
|
ß
|
|||
|
5,250
|
North Carolina Muni. Pwr. Agcy. Number 1 Catawba Elec. Rev., Ser. 2009-A, 5.00%, due 1/1/26
|
5,686
|
||||
|
1,000
|
Oak Island Enterprise Sys. Rev., Ser. 2009, (Assured Guaranty Insured), 5.63%, due 6/1/24
|
1,125
|
||||
|
10,562
|
||||||
|
Ohio (0.8%)
|
||||||
|
2,060
|
Cleveland Arpt. Sys. Rev. Ref., Ser. 2012-A, 5.00%, due 1/1/27
|
2,167
|
||||
|
Oregon (0.2%)
|
||||||
|
500
|
Oregon St. Hsg. & Comm. Svc. Dept. Multi-Family Rev., Ser. 2012-B, (FHA Insured), 3.50%, due 7/1/27
|
465
|
||||
|
Pennsylvania (5.4%)
|
||||||
|
500
|
Indiana Co. Ind. Dev. Au. Rev. (Std. Cooperative Assoc., Inc.), Ser. 2012, 3.50%, due 5/1/25
|
469
|
ß
|
|||
|
350
|
Indiana Co. Ind. Dev. Au. Rev. (Std. Cooperative Assoc., Inc.), Ser. 2012, 3.60%, due 5/1/26
|
326
|
ß
|
|||
|
2,000
|
Lancaster Co. Hosp. Au. Rev. (Brethren Village Proj.), Ser. 2008-A, 6.10%, due 7/1/22
|
2,070
|
ß
|
|||
|
1,250
|
Lancaster Ind. Dev. Au. Rev. (Garden Spot Village Proj.), Ser. 2013, 5.38%, due 5/1/28
|
1,268
|
ß
|
|||
|
3,430
|
Norristown Area Sch. Dist. Cert. of Participation (Installment Purchase), Ser. 2012, 4.50%, due 4/1/27
|
3,393
|
||||
|
2,625
|
Pennsylvania Econ. Dev. Fin. Au. Exempt Facs. Rev. Ref. (Amtrak Proj.), Ser. 2012-A, 5.00%, due 11/1/24
|
2,845
|
ß
|
|||
|
1,000
|
Pennsylvania St. Turnpike Commission Turnpike Rev. (Cap. Appreciation), Subser. 2010-B2, 0.00%, due 12/1/34
|
965
|
b
|
|||
|
275
|
Philadelphia Au. For Ind. Dev. Rev. (Discovery Charter Sch. Proj.), Ser. 2012, 4.00%, due 4/1/17
|
270
|
ß
|
|||
|
895
|
Philadelphia Au. For Ind. Dev. Rev. (Discovery Charter Sch. Proj.), Ser. 2012, 5.00%, due 4/1/22
|
874
|
ß
|
|||
|
415
|
Philadelphia Au. For Ind. Dev. Rev. (Discovery Charter Sch. Proj.), Ser. 2012, 5.50%, due 4/1/27
|
398
|
ß
|
|||
|
2,000
|
Susquehanna Area Reg. Arpt. Au. Sys. Rev., Ser. 2012-A, 5.00%, due 1/1/27
|
2,043
|
||||
|
14,921
|
||||||
|
Puerto Rico (2.5%)
|
||||||
|
7,000
|
Puerto Rico Commonwealth G.O. Ref. (Pub. Imp.), Ser. 2012-A, 5.50%, due 7/1/26
|
5,019
|
||||
|
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
|
1,918
|
||||
|
6,937
|
||||||
|
Rhode Island (1.9%)
|
||||||
|
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
|
1,027
|
ß
|
|||
|
2,650
|
Rhode Island St. Std. Loan Au. Std. Loan Rev. (Sr. Prog.), Ser. 2013-A, 3.75%, due 12/1/26
|
2,342
|
||||
|
2,135
|
Rhode Island St. Std. Loan Au. Std. Loan Rev. (Sr. Prog.), Ser. 2013-A, 3.75%, due 12/1/27
|
1,856
|
||||
|
5,225
|
||||||
|
Tennessee (2.0%)
|
||||||
|
2,705
|
Memphis-Shelby Co. Arpt. Au. Arpt. Rev., Ser. 2010-B, 5.50%, due 7/1/19
|
3,171
|
||||
|
2,000
|
Tennessee St. Energy Acquisition Corp. Gas Rev. (Goldman Sachs Group, Inc.), Ser. 2006-A, 5.25%, due 9/1/23
|
2,227
|
||||
|
5,398
|
||||||
|
Texas (11.0%)
|
||||||
|
1,050
|
Clifton Higher Ed. Fin. Corp. Rev. (Uplift Ed.), Ser. 2013-A, 3.10%, due 12/1/22
|
967
|
ß
|
|||
|
1,935
|
Dallas-Fort Worth Int'l Arpt. Imp. Rev., Ser. 2004-B, (AGM Insured), 5.50%, due 11/1/18
|
1,999
|
||||
|
2,000
|
Fort Bend Co. Ind. Dev. Corp. Rev. (NRG Energy, Inc.), Ser. 2012-B, 4.75%, due 11/1/42
|
1,787
|
ß
|
|||
|
500
|
Gulf Coast Ind. Dev. Au. Rev. (CITGO Petroleum Proj.), Ser. 1995, 4.88%, due 5/1/25
|
483
|
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
|
1,012
|
ß
|
|||
|
2,300
|
Harris Co. Perm. Imp. Ref. G.O., Ser. 2008-B, 5.00%, due 10/1/19 Pre-Refunded 10/1/18
|
2,715
|
||||
|
2,900
|
Harris Co. Toll Road Sr. Lien Rev., Ser. 2008-B, 5.00%, due 8/15/33
|
3,057
|
||||
|
610
|
HFDC Ctr. Texas, Inc. Retirement Fac. Rev., Ser. 2006-A, 5.25%, due 11/1/15
|
621
|
ß
|
|||
|
590
|
Houston Higher Ed. Fin. Corp. Rev. (Cosmos Foundation), Ser. 2012-A, 4.00%, due 2/15/22
|
580
|
ß
|
|||
|
1,000
|
Houston Higher Ed. Fin. Corp. Rev. (Cosmos Foundation), Ser. 2012-A, 5.00%, due 2/15/32
|
970
|
ß
|
|||
|
1,000
|
Houston Pub. Imp. Ref. G.O., Ser. 2008-A, 5.00%, due 3/1/20
|
1,147
|
||||
|
3,000
|
North Texas Tollway Au. Dallas North Tollway Sys. Rev., Ser. 2005-C, 6.00%, due 1/1/23
|
3,512
|
||||
|
3,700
|
Port of Port Arthur Navigation Dist. Rev. (Motiva Enterprises Proj.), Ser. 2009-B, 0.41%, due 12/1/39
|
3,700
|
µß
|
|||
|
4,400
|
Port of Port Arthur Navigation Dist. Rev. (Motiva Enterprises Proj.), Ser. 2010-B, 0.42%, due 4/1/40
|
4,400
|
µß
|
|||
|
500
|
San Leanna Ed. Fac. Corp. Higher Ed. Ref. Rev., (St. Edwards Univ. Proj.), Ser. 2007, 5.00%, due 6/1/19
|
529
|
ß
|
|||
|
1,500
|
Texas Pub. Fin. Au. Rev. (So. Univ. Fin. Sys.), Ser. 2013, (BAM Insured), 5.00%, due 11/1/21
|
1,631
|
||||
|
1,175
|
West Harris Co. Reg. Wtr. Au. Sys. Wtr. Rev., Ser. 2009, 5.00%, due 12/15/35
|
1,257
|
||||
|
30,367
|
||||||
|
Utah (2.1%)
|
||||||
|
3,000
|
Salt Lake Co. Hosp. Rev. (IHC Hlth. Svc., Inc.), Ser. 2001, (AMBAC Insured), 5.40%, due 2/15/28
|
3,410
|
ß
|
|||
|
1,200
|
Uintah Co. Muni. Bldg. Au. Lease Rev., Ser. 2008, 5.25%, due 6/1/20
|
1,332
|
||||
|
330
|
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.00%, due 7/1/20
|
351
|
||||
|
300
|
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.25%, due 7/1/21
|
319
|
||||
|
425
|
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.45%, due 7/1/22
|
452
|
||||
|
5,864
|
||||||
|
Vermont (1.9%)
|
||||||
|
1,600
|
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2012-A, 5.00%, due 6/15/21
|
1,700
|
||||
|
465
|
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.25%, due 6/15/24
|
455
|
||||
|
1,105
|
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.35%, due 6/15/25
|
1,065
|
||||
|
1,640
|
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.45%, due 6/15/26
|
1,567
|
||||
|
535
|
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.55%, due 6/15/27
|
510
|
||||
|
5,297
|
||||||
|
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
|
942
|
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
|
1,011
|
ß
|
|||
|
1,953
|
||||||
|
Washington (3.9%)
|
||||||
|
1,600
|
Skagit Co. Pub. Hosp. Dist. Number 1 Ref. Rev., Ser. 2007, 5.63%, due 12/1/25
|
1,651
|
||||
|
6,700
|
Vancouver Downtown Redev. Au. Rev. (Conference Ctr. Proj.), Ser. 2013, 4.00%, due 1/1/28
|
6,546
|
||||
|
2,525
|
Washington St. Higher Ed. Fac. Au. Ref. Rev. (Whitworth Univ. Proj.), Ser. 2009, 5.38%, due 10/1/29
|
2,570
|
ß
|
|||
|
10,767
|
||||||
|
West Virginia (0.4%)
|
||||||
|
1,000
|
West Virginia Sch. Bldg. Au. Excess Lottery Rev., Ser. 2008, 5.00%, due 7/1/19
|
1,146
|
||||
|
Wisconsin (4.3%)
|
||||||
|
1,100
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College), Ser. 2010-A, 6.13%, due 6/1/35
|
1,165
|
ß
|
|||
|
1,225
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College), Ser. 2010-A, 6.13%, due 6/1/39
|
1,294
|
ß
|
|||
|
1,000
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Franciscan Sisters Hlth. Care), Ser. 2007, 5.00%, due 9/1/14
|
1,021
|
ß
|
|||
|
5,000
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Marquette Univ.), Ser. 2008-B3, 5.00%, due 10/1/30
|
5,316
|
ß
|
|||
|
3,000
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Meriter Hosp., Inc.), Ser. 2009, 5.63%, due 12/1/29
|
3,163
|
ß
|
|||
|
11,959
|
||||||
|
Other (0.6%)
|
||||||
|
3,000
|
Non-Profit Pfd. Fdg. Trust I, Ser. 2006-C, 4.72%, due 9/15/37
|
1,674
|
#
|
|||
|
Total Municipal Notes (Cost $434,952)
|
450,040
|
|||||
|
Tax Exempt Preferred (0.7%)
|
||||||
|
Real Estate (0.7%)
|
||||||
|
1,925
|
Munimae TE Bond Subsidiary LLC, Unsecured Notes, 5.00%, due 4/30/28 (Cost $1,925)
|
1,925
|
#
|
|||
|
Total Investments (163.7%) (Cost $436,877)
|
451,965
|
##
|
||||
|
Cash, receivables and other assets, less liabilities (1.3%)
|
3,596
|
|||||
|
Liquidation Value of Auction Market Preferred Shares [(65.0%)]
|
(179,400)
|
|||||
|
Total Net Assets Applicable to Common Shareholders (100.0%)
|
$276,161
|
|||||
|
†
|
In accordance with Accounting Standards Codification (“ASC”) 820 “Fair Value Measurements and Disclosures” (“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 inputs used by an independent pricing service to value municipal securities 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, 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, the applicable Fund seeks to obtain quotations from principal market makers (generally considered Level 3 inputs). 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 on the belief that they reflect fair value. Numerous factors may be considered when determining the fair value of a security based on Level 2 or 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 January 31, 2014:
|
|
Asset Valuation Inputs
|
||||
|
(000’s omitted)
|
Level 1
|
Level 2
|
Level 3§
|
Total
|
|
California
|
||||
|
Investments:
|
||||
|
Municipal Notes^
|
$—
|
$139,141
|
$—
|
$139,141
|
|
Total Investments
|
—
|
139,141
|
—
|
139,141
|
|
Intermediate
|
||||
|
Investments:
|
||||
|
Municipal Notes^
|
—
|
450,040
|
—
|
450,040
|
|
Tax Exempt Preferred^
Total Investments
|
—
—
|
1,925
451,965
|
—
—
|
1,925
451,965
|
|
New York
|
||||
|
Investments:
|
||||
|
Municipal Notes^
|
—
|
115,464
|
—
|
115,464
|
|
Liquidating Trust—Real Estate^
|
—
|
—
|
2,071
|
2,071
|
|
Total Investments
|
$—
|
$115,464
|
$2,071
|
$117,535
|
|
^
|
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
11/1/13
|
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 of
1/31/14
|
Net change in unrealized appreciation/
(depreciation)
from
investments still
held as of
1/31/14
|
|
|
Investments in Securities
New York
|
||||||||||
|
Units
|
||||||||||
|
Liquidating Trust—Real Estate
|
$1,920
|
$—
|
$— |
$151 |
$—
|
$—
|
$—
|
$—
|
$2,071
|
$151
|
|
Total
|
$1,920
|
$—
|
$—
|
$151
|
$—
|
$—
|
$—
|
$—
|
$2,071
|
$151
|
|
Asset class
|
Fair value at
1/31/14
|
Valuation
techniques
|
Unobservable
input
|
Range per unit
|
Weighted
average per
unit
|
Impact to
valuation from
increase in input
|
|
|
New York
|
Units
|
$2,071,000
|
Income Approach
|
Appraised Value
|
$3,252-$3,680
|
$3,466
|
Increase
|
|
##
|
At January 31, 2014, 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 Unrealized
Appreciation
(Depreciation)
|
|
California
|
$136,584
|
$5,089
|
$2,532
|
$2,557
|
|
Intermediate
|
436,883
|
24,222
|
9,140
|
15,082
|
|
New York
|
117,595
|
3,884
|
3,944
|
(60)
|
|
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 January 31, 2014, these securities amounted to approximately $1,969,000 or 2.4% of net assets applicable to common shareholders for California and approximately $5,223,000 or 1.9% of net assets applicable to common shareholders for Intermediate.
|
|
Ø
|
All or a portion of this security was purchased on a when-issued basis. At January 31, 2014, these securities amounted to $752,000 or 0.9% of net assets applicable to common shareholders for California.
|
|
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 January 31, 2014, and at their final maturity dates.
|
|
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 5.50% 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.
|
|
‡
|
Security had an event of default. |
|
#
|
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. These securities have been deemed by the investment manager to be illiquid.
|
|
At January 31, 2014, these securities amounted to approximately $502,000 or 0.6% of net assets applicable to common shareholders for California, approximately $4,602,000 or 1.7 % of net assets applicable to common shareholders for Intermediate, and approximately $2,572,000 or 3.7% of net assets applicable to common shareholders for New York.
|
|
(000’s omitted)
|
Restricted Security
|
Acquisition
Date
|
Acquisition
Cost
|
Acquisition
Cost
Percentage of
Net Assets
Applicable to
Common
Shareholders
as of
Acquisition
Date
|
Value as of
January 31,
2014
|
Fair Value
Percentage of
Net Assets
Applicable to
Common
Shareholders
as of January
31, 2014
|
|
California
|
Collier Co. Ind. Dev. Au. Continuing Care Comm. Rev. (Arlington of Naples Proj.), Ser. 2014-B1, 6.88%, due 5/15/21
|
12/16/2013
|
$500
|
0.6%
|
$502
|
0.6%
|
|
Intermediate
|
Collier Co. Ind. Dev. Au. Continuing Care Comm. Rev. (Arlington of Naples Proj.), Ser. 2014-B1, 6.88%, due 5/15/21
|
12/16/2013
|
1,000
|
0.4%
|
1,003
|
0.4%
|
|
Munimae TE Bond Subsidiary LLC, Unsecured Notes, 5.00%, due 4/30/28
|
1/31/2013
|
1,925
|
0.7%
|
1,925
|
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%
|
1,674
|
0.6%
|
|
|
New York
|
Collier Co. Ind. Dev. Au. Continuing Care Comm. Rev. (Arlington of Naples Proj.), Ser. 2014-B1, 6.88%, due 5/15/21
|
12/16/2013
|
500
|
0.7%
|
501
|
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%
|
|
|
CMS Liquidating Trust
|
11/21/2012
|
3,105
|
4.0%
|
2,071
|
3.0%
|
|
(a)
|
Based on an evaluation of the disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (“1940 Act”)), as of a date within 90 days of the filing date of this document, the Chief Executive Officer and 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-CSR and 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.
|
|
|
The certifications required by Rule 30a-2(a) of the 1940 Act are filed herewith.
|
|
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
|