Portfolio of Investments (Unaudited)
|
|||||
Nuveen Select Tax-Free Income Portfolio (NXP)
|
|||||
June 30, 2011
|
|||||
Principal
|
Optional Call
|
||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Municipal Bonds – 98.6%
|
|||||
Alaska – 2.0%
|
|||||
$ 2,475
|
Alaska Municipal Bond Bank Authority, General Obligation Bonds, Series 2003E, 5.250%, 12/01/23
|
12/13 at 100.00
|
A+ (4)
|
$ 2,758,511
|
|
(Pre-refunded 12/01/13) – NPFG Insured
|
|||||
2,635
|
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds,
|
6/14 at 100.00
|
Baa3
|
1,714,858
|
|
Series 2006A, 5.000%, 6/01/46
|
|||||
5,110
|
Total Alaska
|
4,473,369
|
|||
Arizona – 0.2%
|
|||||
625
|
Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Electric Power
|
10/20 at 100.00
|
BBB–
|
572,788
|
|
Company, Series 2010A, 5.250%, 10/01/40
|
|||||
Arkansas – 0.3%
|
|||||
5,915
|
Arkansas Development Finance Authority, Tobacco Settlement Revenue Bonds, Arkansas Cancer
|
No Opt. Call
|
Aa2
|
805,505
|
|
Research Center Project, Series 2006, 0.000%, 7/01/46 – AMBAC Insured
|
|||||
California – 8.7%
|
|||||
2,000
|
Alameda Corridor Transportation Authority, California, Subordinate Lien Revenue Bonds, Series
|
10/17 at 100.00
|
A–
|
1,618,560
|
|
2004A, 0.000%, 10/01/25 – AMBAC Insured
|
|||||
3,325
|
California Department of Water Resources, Power Supply Revenue Bonds, Series 2002A, 6.000%,
|
5/12 at 101.00
|
AA– (4)
|
3,519,579
|
|
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
|
1,112,360
|
|
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
|
AA+
|
704,713
|
|
2006C, 0.000%, 8/01/36 – AGM Insured
|
|||||
2,645
|
Cypress Elementary School District, Orange County, California, General Obligation Bonds,
|
No Opt. Call
|
AA+
|
575,711
|
|
Series 2009A, 0.000%, 5/01/34 – AGM Insured
|
|||||
1,335
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
|
No Opt. Call
|
A2
|
416,387
|
|
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
|
3,359,430
|
|
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+
|
708,690
|
|
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
|
1,335,412
|
|
Series 2006, 0.000%, 8/01/25 – NPFG Insured
|
|||||
1,215
|
Los Angeles Department of Water and Power, California, Waterworks Revenue Refunding Bonds,
|
1/12 at 100.00
|
AA
|
1,215,219
|
|
Series 2001A, 5.125%, 7/01/41 – FGIC Insured
|
|||||
365
|
Los Angeles, California, Parking System Revenue Bonds, Series 1999A, 5.250%, 5/01/29 –
|
11/11 at 100.00
|
AA–
|
365,850
|
|
AMBAC Insured
|
|||||
1,000
|
Moreno Valley Unified School District, Riverside County, California, General Obligation Bonds,
|
No Opt. Call
|
A
|
473,020
|
|
Series 2007, 0.000%, 8/01/23 – NPFG Insured
|
|||||
590
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009,
|
11/19 at 100.00
|
Baa3
|
591,864
|
|
6.750%, 11/01/39
|
|||||
1,700
|
Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of
|
No Opt. Call
|
A+
|
335,869
|
|
Participation, Series 2006, 0.000%, 10/01/34 – FGIC Insured
|
|||||
2,930
|
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue
|
No Opt. Call
|
Baa1
|
702,848
|
|
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
|
A
|
1,247,813
|
|
2,110
|
Sierra Sands Unified School District, Kern County, California, General Obligation Bonds,
|
No Opt. Call
|
Aa3
|
696,595
|
|
Election of 2006, Series 2006A, 0.000%, 11/01/28 – FGIC Insured
|
|||||
750
|
Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed
|
6/15 at 100.00
|
Baa3
|
488,813
|
|
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
|
347,795
|
|
Series 2007, 0.000%, 10/01/30 – AMBAC Insured
|
|||||
35,535
|
Total California
|
19,816,528
|
|||
Colorado – 8.5%
|
|||||
1,000
|
Colorado Health Facilities Authority, Health Facilities Revenue Bonds, Sisters of Charity of
|
No Opt. Call
|
AA
|
967,550
|
|
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)
|
1,759,160
|
|
690
|
5.500%, 3/01/22 (Pre-refunded 3/01/12)
|
3/12 at 100.00
|
Aa2 (4)
|
714,012
|
|
5,295
|
Denver City and County, Colorado, Airport System Revenue Bonds, Series 1991D, 7.750%, 11/15/13
|
No Opt. Call
|
A+
|
5,760,430
|
|
(Alternative Minimum Tax)
|
|||||
5,000
|
Denver City and County, Colorado, Airport System Revenue Refunding Bonds, Series 2001A,
|
11/11 at 100.00
|
A+
|
5,070,150
|
|
5.625%, 11/15/17 – FGIC Insured (Alternative Minimum Tax)
|
|||||
3,000
|
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel,
|
12/13 at 100.00
|
N/R (4)
|
3,296,580
|
|
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+
|
497,640
|
|
SYNCORA GTY Insured
|
|||||
12,500
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2006B, 0.000%, 9/01/38 –
|
9/26 at 54.77
|
Baa1
|
1,505,500
|
|
NPFG Insured
|
|||||
29,685
|
Total Colorado
|
19,571,022
|
|||
Florida – 7.4%
|
|||||
2,000
|
Halifax Hospital Medical Center, Florida, Revenue Bonds, Series 2006, 5.375%, 6/01/46
|
6/16 at 100.00
|
A–
|
1,828,560
|
|
5,000
|
Jacksonville Health Facilities Authority, Florida, Revenue Bonds, Ascension Health, Series
|
11/12 at 101.00
|
AA+
|
5,054,100
|
|
2002A, 5.250%, 11/15/32
|
|||||
10,000
|
JEA St. John’s River Power Park System, Florida, Revenue Refunding Bonds, Issue 2, Series
|
10/11 at 100.00
|
Aa2
|
10,102,599
|
|
2002-17, 5.000%, 10/01/17
|
|||||
17,000
|
Total Florida
|
16,985,259
|
|||
Georgia – 0.9%
|
|||||
2,000
|
Franklin County Industrial Building Authority, Georgia, Revenue Bonds, Ty Cobb Regional
|
12/20 at 100.00
|
N/R
|
2,000,820
|
|
Medical Center Project, Series 2010, 8.125%, 12/01/45
|
|||||
Illinois – 15.1%
|
|||||
2,465
|
Board of Trustees of Southern Illinois University, Housing and Auxiliary Facilities System
|
No Opt. Call
|
A2
|
1,595,521
|
|
Revenue Bonds, Series 1999A, 0.000%, 4/01/20 – NPFG Insured
|
|||||
2,600
|
Chicago Heights, Illinois, General Obligation Corporate Purpose Bonds, Series 1993, 5.650%,
|
12/11 at 100.00
|
BBB
|
2,653,222
|
|
12/01/17 – FGIC Insured
|
|||||
195
|
DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds,
|
11/13 at 100.00
|
Aa3
|
210,347
|
|
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)
|
893,115
|
|
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
|
634,722
|
|
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
|
AA+
|
1,054,200
|
|
Trust 1137, 9.316%, 7/01/15 (IF)
|
|||||
4,000
|
Illinois Finance Authority, Revenue Bonds, Northwestern Memorial Hospital, Series 2004A,
|
8/14 at 100.00
|
N/R (4)
|
4,571,040
|
|
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
|
1,029,630
|
|
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
|
1,925,490
|
|
Centers, Series 2008A, 5.500%, 8/15/30
|
|||||
1,320
|
Illinois Health Facilities Authority, Revenue Bonds, Decatur Memorial Hospital, Series 2001,
|
10/11 at 100.00
|
A
|
1,328,131
|
|
5.600%, 10/01/16
|
|||||
2,950
|
Illinois Health Facilities Authority, Revenue Bonds, Lake Forest Hospital, Series 2002A,
|
7/12 at 100.00
|
AA+
|
3,057,882
|
|
6.000%, 7/01/17
|
|||||
2,275
|
Illinois Health Facilities Authority, Revenue Refunding Bonds, Elmhurst Memorial Healthcare,
|
1/13 at 100.00
|
Baa1
|
2,345,252
|
|
Series 2002, 6.250%, 1/01/17
|
|||||
450
|
Illinois Health Facilities Authority, Revenue Refunding Bonds, Rockford Health System, Series
|
8/11 at 100.00
|
N/R
|
391,968
|
|
1997, 5.000%, 8/15/21 – AMBAC Insured
|
|||||
3,125
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
No Opt. Call
|
A2
|
2,515,906
|
|
Project, Series 1993A, 0.000%, 6/15/17 – FGIC Insured
|
|||||
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
|||||
Project, Series 2002A:
|
|||||
1,500
|
0.000%, 12/15/29 – NPFG Insured
|
No Opt. Call
|
AAA
|
519,300
|
|
810
|
0.000%, 6/15/30 – NPFG Insured
|
No Opt. Call
|
AAA
|
268,005
|
|
5,000
|
0.000%, 12/15/36 – NPFG Insured
|
No Opt. Call
|
AAA
|
1,008,150
|
|
5,000
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Refunding Bonds, McCormick Place
|
6/12 at 101.00
|
AAA
|
5,096,250
|
|
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
|
1,327,638
|
|
Yorkville, Illinois, General Obligation Debt Certificates, Series 2003:
|
|||||
1,000
|
5.000%, 12/15/19 (Pre-refunded 12/15/11) – RAAI Insured
|
12/11 at 100.00
|
N/R (4)
|
1,022,100
|
|
1,000
|
5.000%, 12/15/20 (Pre-refunded 12/15/11) – RAAI Insured
|
12/11 at 100.00
|
N/R (4)
|
1,022,100
|
|
40,545
|
Total Illinois
|
34,469,969
|
|||
Indiana – 6.5%
|
|||||
1,000
|
Franklin Community Multi-School Building Corporation, Marion County, Indiana, First Mortgage
|
7/14 at 100.00
|
A+ (4)
|
1,130,150
|
|
Revenue Bonds, Series 2004, 5.000%, 7/15/22 (Pre-refunded 7/15/14) – FGIC Insured
|
|||||
1,525
|
Indiana Health Facility Financing Authority, Hospital Revenue Refunding Bonds, Columbus
|
No Opt. Call
|
AA+
|
1,695,571
|
|
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+
|
937,330
|
|
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
|
AAA
|
10,336,416
|
|
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+
|
777,233
|
|
Series 2005, 5.000%, 7/15/22 – NPFG Insured
|
|||||
14,130
|
Total Indiana
|
14,876,700
|
|||
Iowa – 1.8%
|
|||||
1,000
|
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C,
|
6/15 at 100.00
|
BBB
|
762,160
|
|
5.375%, 6/01/38
|
|||||
4,000
|
Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B,
|
6/17 at 100.00
|
BBB
|
3,381,040
|
|
5.600%, 6/01/34
|
|||||
5,000
|
Total Iowa
|
4,143,200
|
|||
Kansas – 0.5%
|
|||||
500
|
Lawrence, Kansas, Hospital Revenue Bonds, Lawrence Memorial Hospital, Refunding Series 2006,
|
7/16 at 100.00
|
A2
|
459,720
|
|
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+
|
756,923
|
|
5.300%, 6/01/31 – NPFG Insured
|
|||||
1,250
|
Total Kansas
|
1,216,643
|
|||
Louisiana – 1.2%
|
|||||
2,735
|
Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds,
|
11/11 at 101.00
|
A–
|
2,649,230
|
|
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–
|
476,325
|
|
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
|
20,272
|
|
System Inc., Series 2001C, 6.000%, 7/01/17
|
|||||
1,935
|
Massachusetts Housing Finance Agency, Housing Bonds, Series 2009F, 5.700%, 6/01/40
|
12/18 at 100.00
|
AA–
|
1,960,561
|
|
2,455
|
Total Massachusetts
|
2,457,158
|
|||
Michigan – 1.3%
|
|||||
2,900
|
Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds, Trinity Health
|
12/12 at 100.00
|
AA
|
2,911,832
|
|
Credit Group, Series 2002C, 5.375%, 12/01/30
|
|||||
Missouri – 0.9%
|
|||||
Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds,
|
|||||
Series 2004B-1:
|
|||||
500
|
0.000%, 4/15/23 – AMBAC Insured
|
No Opt. Call
|
AA+
|
295,275
|
|
5,000
|
0.000%, 4/15/30 – AMBAC Insured
|
No Opt. Call
|
AA–
|
1,672,000
|
|
5,500
|
Total Missouri
|
1,967,275
|
|||
Nevada – 5.2%
|
|||||
2,500
|
Clark County, Nevada, Motor Vehicle Fuel Tax Highway Improvement Revenue Bonds, Series 2003,
|
7/13 at 100.00
|
AA–
|
2,597,625
|
|
5.000%, 7/01/23 – AMBAC Insured
|
|||||
1,000
|
Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran
|
1/20 at 100.00
|
Aa3
|
975,340
|
|
International Airport, Series 2010A, 5.250%, 7/01/42
|
|||||
Director of Nevada State Department of Business and Industry, Revenue Bonds, Las Vegas
|
|||||
Monorail Project, First Tier, Series 2000:
|
|||||
2,360
|
0.000%, 1/01/21 – AMBAC Insured
|
No Opt. Call
|
D
|
338,943
|
|
4,070
|
0.000%, 1/01/22 – AMBAC Insured
|
No Opt. Call
|
D
|
548,677
|
|
6,025
|
5.375%, 1/01/40 – AMBAC Insured (5)
|
1/12 at 100.00
|
N/R
|
1,447,085
|
|
1,500
|
Las Vegas Redevelopment Agency, Nevada, Tax Increment Revenue Bonds, Series 2009A,
|
6/19 at 100.00
|
A
|
1,696,695
|
|
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
|
A
|
1,528,832
|
|
2,555
|
Reno, Nevada, Capital Improvement Revenue Bonds, Series 2002, 5.500%, 6/01/21 (Pre-refunded
|
6/12 at 100.00
|
A3 (4)
|
2,677,410
|
|
6/01/12) – FGIC Insured
|
|||||
21,525
|
Total Nevada
|
11,810,607
|
|||
New Hampshire – 0.1%
|
|||||
325
|
New Hampshire Housing Finance Authority, Single Family Mortgage Acquisition Bonds, Series
|
11/11 at 100.00
|
Aa2
|
336,885
|
|
2001A, 5.600%, 7/01/21 (Alternative Minimum Tax)
|
|||||
New Jersey – 2.6%
|
|||||
2,500
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Somerset Medical Center,
|
7/13 at 100.00
|
Ba2
|
2,184,125
|
|
Series 2003, 5.500%, 7/01/23
|
|||||
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
|
|||||
Series 2002:
|
|||||
1,010
|
5.750%, 6/01/32 (Pre-refunded 6/01/12)
|
6/12 at 100.00
|
AAA
|
1,060,359
|
|
1,000
|
6.000%, 6/01/37 (Pre-refunded 6/01/12)
|
6/12 at 100.00
|
AAA
|
1,052,920
|
|
2,500
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
|
6/17 at 100.00
|
Baa3
|
1,712,500
|
|
Series 2007-1A, 5.000%, 6/01/41
|
|||||
7,010
|
Total New Jersey
|
6,009,904
|
|||
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
|
920,100
|
|
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+
|
4,050,880
|
|
7/01/25 – AGM Insured
|
|||||
5,000
|
Total New Mexico
|
4,970,980
|
|||
New York – 0.7%
|
|||||
1,000
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Kaleida
|
2/14 at 100.00
|
AAA
|
1,016,520
|
|
Health, Series 2004, 5.050%, 2/15/25
|
|||||
530
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
|
12/20 at 100.00
|
BBB–
|
537,505
|
|
Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/42
|
|||||
1,530
|
Total New York
|
1,554,025
|
|||
North Carolina – 1.1%
|
|||||
1,000
|
North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Series 2008C,
|
1/19 at 100.00
|
A–
|
1,176,020
|
|
6.750%, 1/01/24
|
|||||
1,420
|
North Carolina Eastern Municipal Power Agency, Power System Revenue Refunding Bonds, Series
|
7/11 at 100.00
|
A–
|
1,422,158
|
|
1993B, 5.500%, 1/01/21
|
|||||
2,420
|
Total North Carolina
|
2,598,178
|
|||
Ohio – 0.5%
|
|||||
1,545
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
|
6/17 at 100.00
|
Baa3
|
1,156,757
|
|
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+
|
837,670
|
|
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
|
4,066,120
|
|
5.000%, 2/15/24
|
|||||
5,000
|
Total Oklahoma
|
4,903,790
|
|||
Pennsylvania – 0.9%
|
|||||
500
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Widener University,
|
7/13 at 100.00
|
BBB+
|
507,715
|
|
Series 2003, 5.250%, 7/15/24
|
|||||
1,000
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Subordinate Special Revenue
|
No Opt. Call
|
Aa3
|
766,790
|
|
Bonds, Series 2010B-2, 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
|
718,851
|
|
AMBAC Insured
|
|||||
2,200
|
Total Pennsylvania
|
1,993,356
|
|||
Puerto Rico – 0.6%
|
|||||
1,000
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
|
8/19 at 100.00
|
A+
|
1,043,490
|
|
2009A, 6.000%, 8/01/42
|
|||||
7,000
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%,
|
No Opt. Call
|
Aa2
|
379,610
|
|
8/01/54 – AMBAC Insured
|
|||||
8,000
|
Total Puerto Rico
|
1,423,100
|
|||
South Carolina – 7.2%
|
|||||
1,250
|
Dorchester County School District 2, South Carolina, Installment Purchase Revenue Bonds,
|
12/14 at 100.00
|
AA–
|
1,363,463
|
|
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)
|
10,890,396
|
|
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)
|
1,692,900
|
|
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)
|
557,851
|
|
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–
|
1,978,693
|
|
Secours Health System Inc., Series 2002B, 5.625%, 11/15/30
|
|||||
15,250
|
Total South Carolina
|
16,483,303
|
|||
Texas – 8.6%
|
|||||
5,000
|
Brazos River Harbor Navigation District, Brazoria County, Texas, Environmental Facilities
|
5/12 at 101.00
|
BBB
|
5,133,350
|
|
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–
|
247,950
|
|
6.000%, 1/01/41
|
|||||
500
|
Central Texas Regional Mobility Authority, Travis and Williamson Counties, Toll Road Revenue
|
1/15 at 100.00
|
BBB
|
429,020
|
|
Bonds, Series 2005, 5.000%, 1/01/35 – FGIC Insured
|
|||||
360
|
Dallas-Fort Worth International Airport Public Facility Corporation, Texas, Airport Hotel
|
7/11 at 100.00
|
AA+
|
360,500
|
|
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
|
2,317,020
|
|
TECO Project, Series 2003, 5.000%, 11/15/30 – NPFG Insured
|
|||||
1,750
|
Harris County-Houston Sports Authority, Texas, Junior Lien Revenue Bonds, Series 2001H,
|
No Opt. Call
|
Baa1
|
438,690
|
|
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
|
Baa1
|
623,449
|
|
0.000%, 11/15/35 – NPFG Insured
|
|||||
3,470
|
Harris County-Houston Sports Authority, Texas, Senior Lien Revenue Refunding Bonds, Series
|
11/30 at 61.17
|
Baa1
|
497,841
|
|
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
|
45,816
|
|
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
|
3,559,203
|
|
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
|
411,732
|
|
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
|
1,656,140
|
|
Series 2008I, 0.000%, 1/01/43
|
|||||
2,000
|
Richardson Hospital Authority, Texas, Revenue Bonds, Richardson Regional Medical Center,
|
12/13 at 100.00
|
Baa2
|
1,958,040
|
|
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)
|
250,133
|
|
(Pre-refunded 5/15/12) – NPFG Insured
|
|||||
1,750
|
Texas, General Obligation Bonds, Water Financial Assistance Program, Series 2003A, 5.125%,
|
8/13 at 100.00
|
Aaa
|
1,689,293
|
|
8/01/42 (Alternative Minimum Tax)
|
|||||
28,705
|
Total Texas
|
19,618,177
|
|||
Utah – 0.3%
|
|||||
775
|
Utah State Building Ownership Authority, Lease Revenue Bonds, State Facilities Master Lease
|
11/11 at 100.00
|
AA+ (4)
|
789,485
|
|
Program, Series 2001B, 5.250%, 5/15/24 (Pre-refunded 11/15/11)
|
|||||
Virginia – 1.3%
|
|||||
1,000
|
Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Mortgage
|
10/17 at 100.00
|
N/R
|
887,300
|
|
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
|
879,920
|
|
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+
|
1,255,200
|
|
Dulles Metrorail Capital Appreciation, Series 2010B, 0.000%, 10/01/44
|
|||||
4,000
|
Total Virginia
|
3,022,420
|
|||
Washington – 6.8%
|
|||||
250
|
Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station,
|
7/12 at 100.00
|
Aaa
|
261,688
|
|
Series 2002A, 5.500%, 7/01/17 – NPFG Insured
|
|||||
1,330
|
Snohomish County Public Utility District 1, Washington, Generation System Revenue Bonds,
|
No Opt. Call
|
Aaa
|
1,367,400
|
|
Series 1989, 6.750%, 1/01/12 (ETM)
|
|||||
990
|
Washington State Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer
|
1/21 at 100.00
|
A
|
974,150
|
|
Research Center, Series 2011A, 5.625%, 1/01/35
|
|||||
9,750
|
Washington State Health Care Facilities Authority, Revenue Bonds, Sisters of Providence Health
|
10/11 at 100.00
|
AA
|
9,838,042
|
|
System, Series 2001A, 5.125%, 10/01/17 – NPFG Insured
|
|||||
2,000
|
Washington State Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds,
|
6/13 at 100.00
|
BBB
|
2,029,560
|
|
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+
|
992,718
|
|
12/01/27 – NPFG Insured
|
|||||
16,435
|
Total Washington
|
15,463,558
|
|||
West Virginia – 0.2%
|
|||||
500
|
West Virginia Hospital Finance Authority, Revenue Bonds, United Hospital Center Inc. Project,
|
6/16 at 100.00
|
A+
|
467,415
|
|
Series 2006A, 4.500%, 6/01/26 – AMBAC Insured
|
|||||
Wisconsin – 1.8%
|
|||||
470
|
Badger Tobacco Asset Securitization Corporation, Wisconsin, Tobacco Settlement Asset-Backed
|
6/12 at 100.00
|
AAA
|
490,309
|
|
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+
|
1,033,930
|
|
Services Inc., Series 2003A, 5.500%, 8/15/17
|
|||||
2,500
|
Wisconsin, General Obligation Refunding Bonds, Series 2003-3, 5.000%, 11/01/26
|
11/13 at 100.00
|
AA
|
2,570,550
|
|
3,970
|
Total Wisconsin
|
4,094,789
|
|||
$ 294,575
|
Total Municipal Bonds (cost $227,046,147)
|
225,614,027
|
|||
Shares
|
Description
|
Value
|
|||
Common Stocks – 0.0%
|
|||||
Airlines – 0.0%
|
|||||
122
|
United Continental Holdings Inc. (6), (7)
|
$ 2,761
|
|||
Total Common Stocks (cost $0)
|
2,761
|
||||
Total Investments (Cost $227,046,147) – 98.6%
|
225,616,788
|
||||
Other Assets Less Liabilities – 1.4%
|
3,194,603
|
||||
Net Assets – 100%
|
$ 228,811,391
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Investments:
|
|||||||||||||||
Municipal Bonds
|
$ | — | $ | 225,614,027 | $ | — | $ | 225,614,027 | |||||||
Common Stocks
|
2,761 | — | — | 2,761 | |||||||||||
Total
|
$ | 2,761 | $ | 225,614,027 | $ | — | $ | 225,616,788 |
Gross unrealized:
|
|||
Appreciation
|
$ | 11,667,653 | |
Depreciation
|
(12,573,234 | ) | |
Net unrealized appreciation (depreciation) of investments
|
$ | (905,581 | ) |
(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 Investor 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. Such investments are normally considered to be equivalent to AAA rated securities.
|
(5)
|
At or subsequent to the end of the reporting period, this security is non-income producing. Non-income producing security, in the case of a bond, generally denotes that the issuer has (1) defaulted on the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the Fund’s Adviser has concluded that the issue is not likely to meet its future interest payment obligations and has directed the Fund’s custodian to cease accruing additional income on the Fund’s records.
|
(6)
|
On December 9, 2002, UAL Corporation (“UAL”), the holding company of United Air Lines, Inc. (“United”) filed for federal bankruptcy protection. The Adviser determined that it was likely that United would not remain current on their interest payment obligations with respect to the bonds previously held and thus the Fund had stopped accruing interest on its UAL bonds. On February 1, 2006, UAL emerged from federal bankruptcy with the acceptance of its reorganization plan by the bankruptcy court. Under the settlement agreement established to meet UAL’s unsecured bond obligations, the bondholders, including the Fund, received three distributions of UAL common stock over the subsequent months, and the bankruptcy court dismissed all unsecured claims of bondholders, including those of the Fund. On May 5, 2006, the Fund liquidated such UAL common stock holdings. On September 29, 2006 and May 30, 2007, the Fund received additional distributions of 1,901 and 617 shares, respectively, of UAL common stock as a result of its earlier ownership of the UAL bonds. The Fund liquidated the 1,901 shares of such UAL common stock holdings on November 15, 2006. The Fund received an additional distribution of 172 UAL common stock shares on November 14, 2007. The remaining 789 shares of UAL common stock were liquidated by the Fund on March 30, 2010. The Fund received an additional distribution of 122 UAL common stock shares on July 20, 2010, which are still held by the Fund as of June 30, 2011. On October 1, 2010, UAL Corporation was renamed United Continental Holdings, Inc.
|
(7)
|
Non-income producing; issuer has not declared a dividend within the past twelve months.
|
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.
|