Portfolio of Investments (Unaudited)
|
|||||
Nuveen Select Tax-Free Income Portfolio (NXP)
|
|||||
December 31, 2011
|
|||||
Principal
|
Optional Call
|
||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Alaska – 1.9%
|
|||||
$ 2,475
|
Alaska Municipal Bond Bank Authority, General Obligation Bonds, Series 2003E, 5.250%, 12/01/23
|
12/13 at 100.00
|
A+ (4)
|
$ 2,706,883
|
|
(Pre-refunded 12/01/13) – NPFG Insured
|
|||||
2,675
|
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds,
|
6/14 at 100.00
|
B2
|
1,845,456
|
|
Series 2006A, 5.000%, 6/01/46
|
|||||
5,150
|
Total Alaska
|
4,552,339
|
|||
Arizona – 1.4%
|
|||||
2,500
|
Arizona Health Facilities Authority, Hospital Revenue Bonds, Catholic Healthcare West, Series
|
No Opt. Call
|
A
|
2,564,750
|
|
2011B-1&2, 5.250%, 3/01/39
|
|||||
625
|
Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Electric Power
|
10/20 at 100.00
|
BBB–
|
630,400
|
|
Company, Series 2010A, 5.250%, 10/01/40
|
|||||
3,125
|
Total Arizona
|
3,195,150
|
|||
Arkansas – 0.5%
|
|||||
5,915
|
Arkansas Development Finance Authority, Tobacco Settlement Revenue Bonds, Arkansas Cancer
|
No Opt. Call
|
Aa2
|
1,116,575
|
|
Research Center Project, Series 2006, 0.000%, 7/01/46 – AMBAC Insured
|
|||||
California – 11.1%
|
|||||
2,000
|
Alameda Corridor Transportation Authority, California, Subordinate Lien Revenue Bonds, Series
|
10/17 at 100.00
|
BBB+
|
1,871,860
|
|
2004A, 0.000%, 10/01/25 – AMBAC Insured
|
|||||
1,290
|
Anaheim Public Finance Authority, California, Subordinate Lease Revenue Bonds, Public
|
No Opt. Call
|
AA–
|
389,735
|
|
Improvement Project, Series 1997C, 0.000%, 9/01/30 – AGM Insured
|
|||||
3,325
|
California Department of Water Resources, Power Supply Revenue Bonds, Series 2002A, 6.000%,
|
5/12 at 101.00
|
AA– (4)
|
3,421,990
|
|
5/01/14 (Pre-refunded 5/01/12)
|
|||||
1,000
|
California Statewide Community Development Authority, Revenue Bonds, Methodist Hospital
|
8/19 at 100.00
|
Aa2
|
1,151,180
|
|
Project, Series 2009, 6.750%, 2/01/38
|
|||||
3,790
|
Coast Community College District, Orange County, California, General Obligation Bonds, Series
|
8/16 at 33.79
|
Aa1
|
891,256
|
|
2006C, 0.000%, 8/01/36 – AGM Insured
|
|||||
2,645
|
Cypress Elementary School District, Orange County, California, General Obligation Bonds,
|
No Opt. Call
|
AA
|
685,875
|
|
Series 2009A, 0.000%, 5/01/34 – AGM Insured
|
|||||
1,980
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
|
No Opt. Call
|
A2
|
781,961
|
|
Asset-Backed Revenue Bonds, Series 2005A, 0.000%, 6/01/28 – AMBAC Insured
|
|||||
3,000
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
6/13 at 100.00
|
Aaa
|
3,268,830
|
|
Bonds, Series 2003A-1, 6.750%, 6/01/39 (Pre-refunded 6/01/13)
|
|||||
2,350
|
Golden Valley Unified School District, Madera County, California, General Obligation Bonds,
|
8/17 at 56.07
|
AA–
|
824,686
|
|
Election 2006 Series 2007A, 0.000%, 8/01/29 – AGM Insured
|
|||||
3,030
|
Grossmont Union High School District, San Diego County, California, General Obligation Bonds,
|
No Opt. Call
|
Aa2
|
1,578,660
|
|
Series 2006, 0.000%, 8/01/25 – NPFG Insured
|
|||||
365
|
Los Angeles, California, Parking System Revenue Bonds, Series 1999A, 5.250%, 5/01/29 –
|
5/12 at 100.00
|
AA–
|
369,030
|
|
AMBAC Insured
|
|||||
1,000
|
Moreno Valley Unified School District, Riverside County, California, General Obligation Bonds,
|
No Opt. Call
|
AA–
|
530,560
|
|
Series 2007, 0.000%, 8/01/23 – NPFG Insured
|
|||||
5,395
|
Napa Valley Community College District, Napa and Sonoma Counties, California, General
|
8/17 at 46.57
|
Aa2
|
1,665,383
|
|
Obligation Bonds, Election 2002 Series 2007C, 0.000%, 8/01/32 – NPFG Insured
|
|||||
590
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009,
|
11/19 at 100.00
|
Baa3
|
613,989
|
|
6.750%, 11/01/39
|
|||||
4,390
|
Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community
|
No Opt. Call
|
A+
|
1,378,811
|
|
Development Project, Series 1999, 0.000%, 8/01/29 – AMBAC Insured
|
|||||
1,700
|
Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of
|
No Opt. Call
|
A+
|
414,324
|
|
Participation, Series 2006, 0.000%, 10/01/34 – FGIC Insured
|
|||||
8,000
|
Poway Unified School District, San Diego County, California, School Facilities Improvement
|
No Opt. Call
|
Aa2
|
2,268,320
|
|
District 2007-1 General Obligation Bonds, Series 2009A, 0.000%, 8/01/33
|
|||||
2,930
|
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue
|
No Opt. Call
|
BBB
|
923,507
|
|
Refunding Bonds, Series 1997A, 0.000%, 1/15/27 – NPFG Insured
|
|||||
1,250
|
San Jose, California, Airport Revenue Bonds, Series 2004D, 5.000%, 3/01/28 – NPFG Insured
|
3/14 at 100.00
|
A2
|
1,264,900
|
|
2,110
|
Sierra Sands Unified School District, Kern County, California, General Obligation Bonds,
|
No Opt. Call
|
Aa3
|
797,010
|
|
Election of 2006, Series 2006A, 0.000%, 11/01/28 – FGIC Insured
|
|||||
915
|
Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed
|
6/15 at 100.00
|
BB–
|
601,036
|
|
Bonds, Series 2005A-1, 5.500%, 6/01/45
|
|||||
1,150
|
Woodside Elementary School District, San Mateo County, California, General Obligation Bonds,
|
No Opt. Call
|
AAA
|
405,985
|
|
Series 2007, 0.000%, 10/01/30 – AMBAC Insured
|
|||||
54,205
|
Total California
|
26,098,888
|
|||
Colorado – 5.8%
|
|||||
1,000
|
Colorado Health Facilities Authority, Health Facilities Revenue Bonds, Sisters of Charity of
|
No Opt. Call
|
AA
|
1,018,820
|
|
Leavenworth Health Services Corporation, Series 2010A, 5.000%, 1/01/40
|
|||||
Colorado Health Facilities Authority, Revenue Bonds, Catholic Health Initiatives, Series 2002A:
|
|||||
1,700
|
5.500%, 3/01/22 (Pre-refunded 3/02/12)
|
3/12 at 100.00
|
AA (4)
|
1,715,351
|
|
690
|
5.500%, 3/01/22 (Pre-refunded 3/01/12)
|
3/12 at 100.00
|
Aa2 (4)
|
696,231
|
|
3,660
|
Denver City and County, Colorado, Airport System Revenue Bonds, Series 1991D, 7.750%, 11/15/13
|
No Opt. Call
|
A+
|
3,930,181
|
|
(Alternative Minimum Tax)
|
|||||
3,000
|
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel,
|
12/13 at 100.00
|
N/R (4)
|
3,254,670
|
|
Senior Lien Series 2003A, 5.000%, 12/01/23 (Pre-refunded 12/01/13) – SYNCORA GTY Insured
|
|||||
500
|
Denver, Colorado, Airport System Revenue Refunding Bonds, Series 2003B, 5.000%, 11/15/33 –
|
11/13 at 100.00
|
A+
|
506,710
|
|
SYNCORA GTY Insured
|
|||||
2,000
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004B, 0.000%, 9/01/32 –
|
9/20 at 50.83
|
BBB
|
486,760
|
|
NPFG Insured
|
|||||
12,500
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2006B, 0.000%, 9/01/38 –
|
9/26 at 54.77
|
BBB
|
1,853,625
|
|
NPFG Insured
|
|||||
25,050
|
Total Colorado
|
13,462,348
|
|||
Florida – 3.0%
|
|||||
2,000
|
Halifax Hospital Medical Center, Florida, Revenue Bonds, Series 2006, 5.375%, 6/01/46
|
6/16 at 100.00
|
A–
|
1,977,940
|
|
5,050
|
Jacksonville Health Facilities Authority, Florida, Revenue Bonds, Ascension Health, Series
|
11/12 at 101.00
|
AA+
|
5,145,041
|
|
2002A, 5.250%, 11/15/32
|
|||||
7,050
|
Total Florida
|
7,122,981
|
|||
Georgia – 0.9%
|
|||||
2,000
|
Franklin County Industrial Building Authority, Georgia, Revenue Bonds, Ty Cobb Regional
|
12/20 at 100.00
|
N/R
|
2,067,320
|
|
Medical Center Project, Series 2010, 8.125%, 12/01/45
|
|||||
Illinois – 14.5%
|
|||||
2,465
|
Board of Trustees of Southern Illinois University, Housing and Auxiliary Facilities System
|
No Opt. Call
|
A2
|
1,697,448
|
|
Revenue Bonds, Series 1999A, 0.000%, 4/01/20 – NPFG Insured
|
|||||
735
|
Chicago Board of Education, Cook County, Illinois, General Obligation Bonds, Dedicated
|
No Opt. Call
|
AA–
|
760,901
|
|
Revenues Series 2011A, 5.000%, 12/01/41
|
|||||
2,600
|
Chicago Heights, Illinois, General Obligation Corporate Purpose Bonds, Series 1993, 5.650%,
|
6/12 at 100.00
|
BBB (4)
|
2,655,770
|
|
12/01/17 (Pre-refunded 6/01/12) – FGIC Insured
|
|||||
195
|
DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds,
|
11/13 at 100.00
|
Aa3
|
208,699
|
|
Series 2003B, 5.250%, 11/01/20 – AGM Insured
|
|||||
805
|
DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds,
|
11/13 at 100.00
|
Aa3 (4)
|
876,476
|
|
Series 2003B, 5.250%, 11/01/20 (Pre-refunded 11/01/13) – AGM Insured
|
|||||
600
|
Illinois Educational Facilities Authority, Student Housing Revenue Bonds, Educational
|
5/12 at 101.00
|
Aaa
|
617,586
|
|
Advancement Foundation Fund, University Center Project, Series 2002, 6.000%, 5/01/22
|
|||||
(Pre-refunded 5/01/12)
|
|||||
1,050
|
Illinois Finance Authority, Revenue Bonds, Loyola University of Chicago, Tender Option Bond
|
No Opt. Call
|
Aa1
|
1,132,089
|
|
Trust 1137, 9.274%, 7/01/15 (IF)
|
|||||
4,000
|
Illinois Finance Authority, Revenue Bonds, Northwestern Memorial Hospital, Series 2004A,
|
8/14 at 100.00
|
N/R (4)
|
4,504,080
|
|
5.500%, 8/15/43 (Pre-refunded 8/15/14)
|
|||||
1,000
|
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Series
|
8/19 at 100.00
|
BBB–
|
1,080,090
|
|
2009, 6.875%, 8/15/38
|
|||||
2,100
|
Illinois Finance Authority, Revenue Refunding Bonds, Silver Cross Hospital and Medical
|
8/18 at 100.00
|
BBB–
|
2,044,980
|
|
Centers, Series 2008A, 5.500%, 8/15/30
|
|||||
1,320
|
Illinois Health Facilities Authority, Revenue Bonds, Decatur Memorial Hospital, Series 2001,
|
4/12 at 100.00
|
A
|
1,322,917
|
|
5.600%, 10/01/16
|
|||||
2,950
|
Illinois Health Facilities Authority, Revenue Bonds, Lake Forest Hospital, Series 2002A,
|
7/12 at 100.00
|
AA+
|
3,013,101
|
|
6.000%, 7/01/17
|
|||||
2,275
|
Illinois Health Facilities Authority, Revenue Refunding Bonds, Elmhurst Memorial Healthcare,
|
1/13 at 100.00
|
Baa1
|
2,339,633
|
|
Series 2002, 6.250%, 1/01/17
|
|||||
450
|
Illinois Health Facilities Authority, Revenue Refunding Bonds, Rockford Health System, Series
|
2/12 at 100.00
|
N/R
|
432,356
|
|
1997, 5.000%, 8/15/21 – AMBAC Insured
|
|||||
3,125
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
No Opt. Call
|
A3
|
2,668,656
|
|
Project, Series 1993A, 0.000%, 6/15/17 – FGIC Insured
|
|||||
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
|||||
Project, Series 2002A:
|
|||||
1,720
|
0.000%, 12/15/29 – NPFG Insured
|
No Opt. Call
|
AAA
|
678,781
|
|
810
|
0.000%, 6/15/30 – NPFG Insured
|
No Opt. Call
|
AAA
|
303,199
|
|
5,000
|
0.000%, 12/15/36 – NPFG Insured
|
No Opt. Call
|
AAA
|
1,178,500
|
|
5,000
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Refunding Bonds, McCormick Place
|
6/12 at 101.00
|
AAA
|
5,095,250
|
|
Expansion Project, Series 2002B, 5.000%, 6/15/21 – NPFG Insured
|
|||||
1,300
|
Schaumburg, Illinois, General Obligation Bonds, Series 2004B, 5.250%, 12/01/34 – FGIC Insured
|
12/14 at 100.00
|
Aaa
|
1,405,859
|
|
39,500
|
Total Illinois
|
34,016,371
|
|||
Indiana – 6.2%
|
|||||
1,000
|
Franklin Community Multi-School Building Corporation, Marion County, Indiana, First Mortgage
|
7/14 at 100.00
|
A+ (4)
|
1,113,780
|
|
Revenue Bonds, Series 2004, 5.000%, 7/15/22 (Pre-refunded 7/15/14) – FGIC Insured
|
|||||
1,260
|
Indiana Health Facility Financing Authority, Hospital Revenue Refunding Bonds, Columbus
|
No Opt. Call
|
AA–
|
1,383,984
|
|
Regional Hospital, Series 1993, 7.000%, 8/15/15 – AGM Insured
|
|||||
1,000
|
Indiana Health Facility Financing Authority, Revenue Bonds, Community Foundation of Northwest
|
3/17 at 100.00
|
BBB+
|
1,005,940
|
|
Indiana, Series 2007, 5.500%, 3/01/37
|
|||||
9,855
|
Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project, Series 2002A,
|
7/12 at 100.00
|
AA+ (4)
|
10,095,950
|
|
5.125%, 7/01/21 (Pre-refunded 7/01/12) – NPFG Insured
|
|||||
750
|
West Clark 2000 School Building Corporation, Clark County, Indiana, First Mortgage Bonds,
|
1/15 at 100.00
|
AA+
|
804,375
|
|
Series 2005, 5.000%, 7/15/22 – NPFG Insured
|
|||||
13,865
|
Total Indiana
|
14,404,029
|
|||
Iowa – 1.8%
|
|||||
1,000
|
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C,
|
6/15 at 100.00
|
BBB
|
743,920
|
|
5.375%, 6/01/38
|
|||||
4,000
|
Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B,
|
6/17 at 100.00
|
BBB
|
3,511,760
|
|
5.600%, 6/01/34
|
|||||
5,000
|
Total Iowa
|
4,255,680
|
|||
Kansas – 0.5%
|
|||||
500
|
Lawrence, Kansas, Hospital Revenue Bonds, Lawrence Memorial Hospital, Refunding Series 2006,
|
7/16 at 100.00
|
A2
|
501,805
|
|
4.875%, 7/01/36
|
|||||
750
|
Wamego, Kansas, Pollution Control Revenue Bonds, Kansas Gas and Electric Company, Series 2004,
|
6/14 at 100.00
|
BBB+
|
769,200
|
|
5.300%, 6/01/31 – NPFG Insured
|
|||||
1,250
|
Total Kansas
|
1,271,005
|
|||
Kentucky – 1.1%
|
|||||
2,500
|
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Baptist Healthcare
|
8/21 at 100.00
|
A1
|
2,519,200
|
|
System Obligated Group, Series 2011, 5.250%, 8/15/46
|
|||||
Louisiana – 1.2%
|
|||||
2,790
|
Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds,
|
5/12 at 100.00
|
A–
|
2,791,200
|
|
Series 2001B, 5.875%, 5/15/39
|
|||||
Massachusetts – 1.1%
|
|||||
500
|
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, CareGroup Inc.,
|
7/18 at 100.00
|
A–
|
516,950
|
|
Series 2008E-1 &2, 5.000%, 7/01/28
|
|||||
20
|
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Partners HealthCare
|
7/12 at 100.00
|
AA
|
20,273
|
|
System Inc., Series 2001C, 6.000%, 7/01/17
|
|||||
1,915
|
Massachusetts Housing Finance Agency, Housing Bonds, Series 2009F, 5.700%, 6/01/40
|
12/18 at 100.00
|
AA–
|
1,986,276
|
|
2,435
|
Total Massachusetts
|
2,523,499
|
|||
Michigan – 2.3%
|
|||||
2,450
|
Detroit, Michigan, Sewer Disposal System Revenue Bonds, Second Lien, Series 2006B, 5.000%,
|
7/16 at 100.00
|
A
|
2,454,386
|
|
7/01/33 – FGIC Insured
|
|||||
2,655
|
Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds, Trinity Health
|
12/12 at 100.00
|
AA
|
2,677,382
|
|
Credit Group, Series 2002C, 5.375%, 12/01/30
|
|||||
245
|
Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds, Trinity Health
|
12/12 at 100.00
|
N/R (4)
|
256,527
|
|
Credit Group, Series 2002C, 5.375%, 12/01/30 (Pre-refunded 12/01/12)
|
|||||
5,350
|
Total Michigan
|
5,388,295
|
|||
Missouri – 1.0%
|
|||||
Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds, Series
|
|||||
2004B-1:
|
|||||
500
|
0.000%, 4/15/23 – AMBAC Insured
|
No Opt. Call
|
AA–
|
327,045
|
|
5,000
|
0.000%, 4/15/30 – AMBAC Insured
|
No Opt. Call
|
AA–
|
1,925,650
|
|
5,500
|
Total Missouri
|
2,252,695
|
|||
Nevada – 4.5%
|
|||||
750
|
Clark County, Nevada, Airport Revenue Bonds, Tender Option Bond Trust Series 11823, 20.357%,
|
No Opt. Call
|
Aa3
|
1,019,670
|
|
1/01/18 (IF)
|
|||||
2,500
|
Clark County, Nevada, Motor Vehicle Fuel Tax Highway Improvement Revenue Bonds, Series 2003,
|
7/13 at 100.00
|
AA– (4)
|
2,670,375
|
|
5.000%, 7/01/23 (Pre-refunded 7/01/13) – AMBAC Insured
|
|||||
1,000
|
Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran
|
1/20 at 100.00
|
Aa3
|
1,046,860
|
|
International Airport, Series 2010A, 5.250%, 7/01/42
|
|||||
1,500
|
Las Vegas Redevelopment Agency, Nevada, Tax Increment Revenue Bonds, Series 2009A,
|
6/19 at 100.00
|
A
|
1,742,775
|
|
8.000%, 6/15/30
|
|||||
1,515
|
Reno, Nevada, Capital Improvement Revenue Bonds, Series 2002, 5.500%, 6/01/21 – FGIC Insured
|
6/12 at 100.00
|
A3
|
1,527,635
|
|
2,555
|
Reno, Nevada, Capital Improvement Revenue Bonds, Series 2002, 5.500%, 6/01/21 (Pre-refunded
|
6/12 at 100.00
|
A3 (4)
|
2,611,823
|
|
6/01/12) – FGIC Insured
|
|||||
9,820
|
Total Nevada
|
10,619,138
|
|||
New Hampshire – 0.2%
|
|||||
325
|
New Hampshire Housing Finance Authority, Single Family Mortgage Acquisition Bonds, Series
|
5/12 at 100.00
|
Aa3
|
339,232
|
|
2001A, 5.600%, 7/01/21 (Alternative Minimum Tax)
|
|||||
New Jersey – 6.3%
|
|||||
2,500
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Somerset Medical Center,
|
7/13 at 100.00
|
Ba2
|
2,286,400
|
|
Series 2003, 5.500%, 7/01/23
|
|||||
35,000
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006C,
|
No Opt. Call
|
AA–
|
9,594,900
|
|
0.000%, 12/15/34 – AGM Insured
|
|||||
1,010
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
|
6/12 at 100.00
|
Aaa
|
1,033,523
|
|
Series 2002, 5.750%, 6/01/32 (Pre-refunded 6/01/12)
|
|||||
2,500
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
|
6/17 at 100.00
|
BB–
|
1,801,925
|
|
Series 2007-1A, 5.000%, 6/01/41
|
|||||
41,010
|
Total New Jersey
|
14,716,748
|
|||
New Mexico – 2.2%
|
|||||
1,000
|
New Mexico Mortgage Finance Authority, Multifamily Housing Revenue Bonds, St Anthony, Series
|
9/17 at 100.00
|
N/R
|
981,680
|
|
2007A, 5.250%, 9/01/42 (Alternative Minimum Tax)
|
|||||
4,000
|
University of New Mexico, FHA-Insured Mortgage Hospital Revenue Bonds, Series 2004, 4.625%,
|
7/14 at 100.00
|
AA–
|
4,123,880
|
|
7/01/25 – AGM Insured
|
|||||
5,000
|
Total New Mexico
|
5,105,560
|
|||
New York – 0.9%
|
|||||
1,000
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Kaleida
|
2/14 at 100.00
|
AAA
|
1,037,570
|
|
Health, Series 2004, 5.050%, 2/15/25
|
|||||
500
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series
|
No Opt. Call
|
A
|
518,010
|
|
2011A, 5.250%, 2/15/47
|
|||||
530
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
|
12/20 at 100.00
|
BBB–
|
559,076
|
|
Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/42
|
|||||
2,030
|
Total New York
|
2,114,656
|
|||
North Carolina – 1.1%
|
|||||
1,000
|
North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Series 2008C,
|
1/19 at 100.00
|
A–
|
1,224,300
|
|
6.750%, 1/01/24
|
|||||
1,420
|
North Carolina Eastern Municipal Power Agency, Power System Revenue Refunding Bonds, Series
|
1/12 at 100.00
|
A–
|
1,423,351
|
|
1993B, 5.500%, 1/01/21
|
|||||
2,420
|
Total North Carolina
|
2,647,651
|
|||
Ohio – 0.5%
|
|||||
1,620
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
|
6/17 at 100.00
|
BB–
|
1,188,724
|
|
Bonds, Senior Lien, Series 2007A-2, 6.000%, 6/01/42
|
|||||
Oklahoma – 2.1%
|
|||||
1,000
|
Norman Regional Hospital Authority, Oklahoma, Hospital Revenue Bonds, Series 2005,
|
9/16 at 100.00
|
BB+
|
902,400
|
|
5.375%, 9/01/36
|
|||||
4,000
|
Oklahoma Development Finance Authority, Revenue Bonds, St. John Health System, Series 2004,
|
2/14 at 100.00
|
A
|
4,103,440
|
|
5.000%, 2/15/24
|
|||||
5,000
|
Total Oklahoma
|
5,005,840
|
|||
Pennsylvania – 0.9%
|
|||||
500
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Widener University,
|
7/13 at 100.00
|
BBB+
|
511,235
|
|
Series 2003, 5.250%, 7/15/24
|
|||||
1,000
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Subordinate Special Revenue
|
12/20 at 100.00
|
AA
|
856,740
|
|
Bonds, Series 2010B, 0.000%, 12/01/30
|
|||||
700
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2004A, 5.500%, 12/01/31 –
|
12/14 at 100.00
|
Aa3
|
753,487
|
|
AMBAC Insured
|
|||||
2,200
|
Total Pennsylvania
|
2,121,462
|
|||
Puerto Rico – 2.0%
|
|||||
1,000
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
|
8/19 at 100.00
|
A+
|
1,097,140
|
|
2009A, 6.000%, 8/01/42
|
|||||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A:
|
|||||
17,500
|
0.000%, 8/01/41 – NPFG Insured
|
No Opt. Call
|
Aa2
|
2,928,100
|
|
1,000
|
0.000%, 8/01/43 – NPFG Insured
|
No Opt. Call
|
Aa2
|
147,460
|
|
7,000
|
0.000%, 8/01/54 – AMBAC Insured
|
No Opt. Call
|
Aa2
|
491,190
|
|
26,500
|
Total Puerto Rico
|
4,663,890
|
|||
South Carolina – 6.9%
|
|||||
1,250
|
Dorchester County School District 2, South Carolina, Installment Purchase Revenue Bonds,
|
12/14 at 100.00
|
AA–
|
1,374,425
|
|
GROWTH, Series 2004, 5.250%, 12/01/20
|
|||||
10,000
|
Greenville County School District, South Carolina, Installment Purchase Revenue Bonds, Series
|
12/12 at 101.00
|
AA (4)
|
10,617,200
|
|
2002, 5.875%, 12/01/19 (Pre-refunded 12/01/12)
|
|||||
1,500
|
Lexington County Health Service District, South Carolina, Hospital Revenue Refunding and
|
11/13 at 100.00
|
AA– (4)
|
1,654,620
|
|
Improvement Bonds, Series 2003, 6.000%, 11/01/18 (Pre-refunded 11/01/13)
|
|||||
520
|
South Carolina JOBS Economic Development Authority, Economic Development Revenue Bonds, Bon
|
11/12 at 100.00
|
A3 (4)
|
544,482
|
|
Secours Health System Inc., Series 2002A, 5.625%, 11/15/30 (Pre-refunded 11/15/12)
|
|||||
1,980
|
South Carolina JOBS Economic Development Authority, Economic Development Revenue Bonds, Bon
|
11/12 at 100.00
|
A–
|
1,985,544
|
|
Secours Health System Inc., Series 2002B, 5.625%, 11/15/30
|
|||||
15,250
|
Total South Carolina
|
16,176,271
|
|||
Texas – 9.7%
|
|||||
5,000
|
Brazos River Harbor Navigation District, Brazoria County, Texas, Environmental Facilities
|
5/12 at 101.00
|
BBB
|
5,086,450
|
|
Revenue Bonds, Dow Chemical Company Project, Series 2002A-6, 6.250%, 5/15/33 (Mandatory
|
|||||
put 5/15/17) (Alternative Minimum Tax)
|
|||||
250
|
Central Texas Regional Mobility Authority, Senior Lien Revenue Bonds, Series 2011,
|
1/21 at 100.00
|
BBB–
|
254,608
|
|
6.000%, 1/01/41
|
|||||
500
|
Central Texas Regional Mobility Authority, Travis and Williamson Counties, Toll Road Revenue
|
1/15 at 100.00
|
BBB
|
459,345
|
|
Bonds, Series 2005, 5.000%, 1/01/35 – FGIC Insured
|
|||||
360
|
Dallas-Fort Worth International Airport Public Facility Corporation, Texas, Airport Hotel
|
1/12 at 100.00
|
AA–
|
360,828
|
|
Revenue Bonds, Series 2001, 5.500%, 1/15/20 – AGM Insured
|
|||||
2,300
|
Harris County Health Facilities Development Corporation, Texas, Thermal Utility Revenue Bonds,
|
11/13 at 100.00
|
AA
|
2,355,890
|
|
TECO Project, Series 2003, 5.000%, 11/15/30 – NPFG Insured
|
|||||
2,585
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Junior Lien Series 2001H,
|
No Opt. Call
|
BBB
|
665,482
|
|
0.000%, 11/15/30 – NPFG Insured
|
|||||
3,805
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Third Lien Series 2004-A3,
|
11/24 at 52.47
|
BBB
|
668,234
|
|
0.000%, 11/15/35 – NPFG Insured
|
|||||
3,765
|
Harris County-Houston Sports Authority, Texas, Senior Lien Revenue Refunding Bonds, Series
|
11/30 at 61.17
|
BBB
|
629,508
|
|
2001A, 0.000%, 11/15/38 – NPFG Insured
|
|||||
45
|
Irving Independent School District, Dallas County, Texas, General Obligation Refunding Bonds,
|
2/12 at 100.00
|
AAA
|
45,210
|
|
Series 2002A, 5.000%, 2/15/31
|
|||||
3,455
|
Irving Independent School District, Dallas County, Texas, General Obligation Refunding Bonds,
|
2/12 at 100.00
|
Aaa
|
3,475,868
|
|
Series 2002A, 5.000%, 2/15/31 (Pre-refunded 2/15/12)
|
|||||
1,780
|
Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation
|
8/16 at 35.23
|
AAA
|
501,088
|
|
Bonds, Series 2007, 0.000%, 8/15/37
|
|||||
2,000
|
North Texas Tollway Authority, First Tier System Revenue Refunding Bonds, Capital Appreciation
|
1/25 at 100.00
|
A2
|
1,912,020
|
|
Series 2008I, 0.000%, 1/01/43
|
|||||
2,000
|
Richardson Hospital Authority, Texas, Revenue Bonds, Richardson Regional Medical Center,
|
12/13 at 100.00
|
A
|
2,027,860
|
|
Series 2004, 6.000%, 12/01/34
|
|||||
240
|
San Antonio, Texas, Water System Revenue Refunding Bonds, Series 1992, 6.000%, 5/15/16
|
5/12 at 100.00
|
Aa3 (4)
|
244,661
|
|
(Pre-refunded 5/15/12) – NPFG Insured
|
|||||
1,470
|
Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series
|
8/12 at 100.00
|
BBB+
|
1,476,836
|
|
2002A, 5.750%, 8/15/38 – AMBAC Insured
|
|||||
1,750
|
Texas, General Obligation Bonds, Water Financial Assistance Program, Series 2003A, 5.125%,
|
8/13 at 100.00
|
Aaa
|
1,766,888
|
|
8/01/42 (Alternative Minimum Tax)
|
|||||
830
|
Wood County Central Hospital District, Texas, Revenue Bonds, East Texas Mecical Center Quitman
|
11/21 at 100.00
|
Baa2
|
835,121
|
|
Project, Series 2011, 6.000%, 11/01/41
|
|||||
32,135
|
Total Texas
|
22,765,897
|
|||
Virginia – 1.4%
|
|||||
1,000
|
Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Mortgage
|
10/17 at 100.00
|
N/R
|
979,450
|
|
Revenue Bonds, Goodwin House, Inc., Series 2007A, 5.125%, 10/01/42
|
|||||
1,000
|
Henrico County Economic Development Authority, Virginia, Residential Care Facility Revenue
|
No Opt. Call
|
BBB
|
966,860
|
|
Bonds, Westminster Canterbury of Richmond, Series 2006, 5.000%, 10/01/35
|
|||||
2,000
|
Metropolitan Washington DC Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
10/28 at 100.00
|
BBB+
|
1,402,480
|
|
Dulles Metrorail Capital Appreciation, Series 2010B, 0.000%, 10/01/44
|
|||||
4,000
|
Total Virginia
|
3,348,790
|
|||
Washington – 2.5%
|
|||||
250
|
Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station,
|
7/12 at 100.00
|
Aa1
|
256,238
|
|
Series 2002A, 5.500%, 7/01/17 – NPFG Insured
|
|||||
990
|
Washington State Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer
|
1/21 at 100.00
|
A
|
1,021,739
|
|
Research Center, Series 2011A, 5.625%, 1/01/35
|
|||||
2,000
|
Washington State Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds,
|
6/13 at 100.00
|
A3
|
2,047,820
|
|
Series 2002, 6.500%, 6/01/26
|
|||||
2,115
|
Washington State, Motor Vehicle Fuel Tax General Obligation Bonds, Series 2003F, 0.000%,
|
No Opt. Call
|
AA+
|
1,130,277
|
|
12/01/27 – NPFG Insured
|
|||||
1,330
|
Snohomish County Public Utility District 1, Washington, Generation System Revenue Bonds,
|
No Opt. Call
|
AA– (4)
|
1,330,239
|
|
Series 1989, 6.750%, 1/01/12 (ETM)
|
|||||
6,685
|
Total Washington
|
5,786,313
|
|||
West Virginia – 0.2%
|
|||||
500
|
West Virginia Hospital Finance Authority, Revenue Bonds, United Hospital Center Inc. Project,
|
6/16 at 100.00
|
A+
|
498,145
|
|
Series 2006A, 4.500%, 6/01/26 – AMBAC Insured
|
|||||
Wisconsin – 1.6%
|
|||||
470
|
Badger Tobacco Asset Securitization Corporation, Wisconsin, Tobacco Settlement Asset-Backed
|
6/12 at 100.00
|
Aaa
|
481,590
|
|
Bonds, Series 2002, 6.125%, 6/01/27 (Pre-refunded 6/01/12)
|
|||||
1,000
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan
|
8/13 at 100.00
|
BBB+
|
1,030,690
|
|
Services Inc., Series 2003A, 5.500%, 8/15/17
|
|||||
2,150
|
Wisconsin, General Obligation Refunding Bonds, Series 2003-3, 5.000%, 11/01/26
|
11/13 at 100.00
|
AA
|
2,232,238
|
|
3,620
|
Total Wisconsin
|
3,744,518
|
|||
$ 338,800
|
Total Investments (cost $216,730,831) – 97.3%
|
227,880,410
|
|||
Other Assets Less Liabilities – 2.7%
|
6,344,114
|
||||
Net Assets – 100%
|
$ 234,224,524
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
Investments:
|
||||||||||||||||
Municipal Bonds
|
$ | – | $ | 227,880,410 | $ | – | $ | 227,880,410 |
Gross unrealized:
|
|
Appreciation
|
$14,962,104
|
Depreciation
|
(3,147,868)
|
Net unrealized appreciation (depreciation) of investments
|
$11,814,236
|
(1)
|
All percentages shown in the Portfolio of Investments are based on net assets.
|
|
(2)
|
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.
|
|
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities
|
||
may be subject to periodic principal paydowns.
|
||
(3)
|
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service,
|
|
Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s
|
||
or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by
|
||
any of these national rating agencies.
|
||
(4)
|
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities,
|
|
which ensure the timely payment of principal and interest. Certain bonds backed by U.S. Government or
|
||
agency securities are regarded as having an implied rating equal to the rating of such securities.
|
||
N/R
|
Not rated.
|
|
(ETM)
|
Escrowed to maturity.
|
|
(IF)
|
Inverse floating rate investment.
|
a.
|
The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
|
b.
|
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) 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.
|