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Portfolio of Investments (Unaudited)
|
|
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|
|
Nuveen Virginia Dividend Advantage Municipal Fund 2 (NNB)
|
|
|
|
|
|
August 31, 2011
|
|
|
|
Principal
|
|
|
Optional Call
|
|
|
Amount (000)
|
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Consumer Staples – 3.8% (2.5% of Total Investments)
|
|
|
|
$ 12,000
|
|
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Bonds, Series 2005A,
|
5/15 at 11.19
|
BBB–
|
$ 390,240
|
|
|
0.000%, 5/15/50
|
|
|
|
3,100
|
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds,
|
6/17 at 100.00
|
Baa3
|
1,868,091
|
|
|
Series 2007B1, 5.000%, 6/01/47
|
|
|
|
1,430
|
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset-Backed Bonds,
|
6/17 at 100.00
|
BB–
|
881,352
|
|
|
Series 2007B-2, 0.000%, 6/01/46
|
|
|
|
16,530
|
|
Total Consumer Staples
|
|
|
3,139,683
|
|
|
Education and Civic Organizations – 8.2% (5.4% of Total Investments)
|
|
|
|
1,000
|
|
Fairfax County Economic Development Authority, Virginia, Revenue Bonds, National Wildlife
|
3/12 at 100.00
|
A3
|
1,002,790
|
|
|
Federation, Series 1999, 5.375%, 9/01/29 – NPFG Insured
|
|
|
|
280
|
|
Lexington Industrial Development Authority, Virginia, Educational Facilities Revenue Bonds,
|
6/19 at 100.00
|
Aa2
|
300,899
|
|
|
VMI Development Board Project, Series 2006C, 5.000%, 12/01/36
|
|
|
|
1,000
|
|
Prince William County Industrial Development Authority, Virginia, Educational Facilities
|
10/13 at 101.00
|
A2
|
1,016,930
|
|
|
Revenue Bonds, Catholic Diocese of Arlington, Series 2003, 5.500%, 10/01/33
|
|
|
|
950
|
|
Prince William County Industrial Development Authority, Virginia, Student Housing Revenue Bonds,
|
9/21 at 100.00
|
A
|
960,374
|
|
|
George Mason University Foundation Prince William Housing LLC Project, Series 2011A,
|
|
|
|
|
|
5.125%, 9/01/41
|
|
|
|
1,500
|
|
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing
|
12/12 at 101.00
|
BBB–
|
1,502,220
|
|
|
Authority, Higher Education Revenue Refunding Bonds, Ana G. Mendez University System, Series
|
|
|
|
|
|
2002, 5.375%, 12/01/21
|
|
|
|
2,000
|
|
Winchester Industrial Development Authority, Virginia, Educational Facilities First Mortgage
|
11/11 at 100.00
|
Baa1
|
2,004,720
|
|
|
Revenue Bonds, Shenandoah University, Series 1998, 5.250%, 10/01/28 – NPFG Insured
|
|
|
|
6,730
|
|
Total Education and Civic Organizations
|
|
|
6,787,933
|
|
|
Energy – 1.0% (0.7% of Total Investments)
|
|
|
|
1,000
|
|
Virgin Islands Public Finance Authority, Revenue Bonds, Refinery Project Hovensa LLC, Series 2007,
|
1/15 at 100.00
|
Ba2
|
846,150
|
|
|
4.700%, 7/01/22 (Alternative Minimum Tax)
|
|
|
|
|
|
Health Care – 33.0% (21.8% of Total Investments)
|
|
|
|
1,500
|
|
Albemarle County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Martha
|
10/12 at 100.00
|
A3
|
1,503,375
|
|
|
Jefferson Hospital, Series 2002, 5.250%, 10/01/35
|
|
|
|
2,000
|
|
Arlington County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Virginia
|
7/20 at 100.00
|
A2
|
2,037,040
|
|
|
Hospital Center Arlington Health System, Refunding Series 2010, 5.000%, 7/01/31
|
|
|
|
895
|
|
Charlotte County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Halifax
|
9/17 at 100.00
|
A–
|
897,757
|
|
|
Regional Hospital Incorporated, Series 2007, 5.000%, 9/01/27
|
|
|
|
685
|
|
Chesterfield County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours
|
11/20 at 100.00
|
AA+
|
696,289
|
|
|
Health, Series 2010C-2, 5.000%, 11/01/42 – AGC Insured
|
|
|
|
1,070
|
|
Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Inova
|
5/19 at 100.00
|
AA+
|
1,232,041
|
|
|
Health System, Series 2009, Trust 11733, 14.657%, 11/15/29 (IF)
|
|
|
|
3,000
|
|
Fauquier County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Fauquier
|
10/12 at 102.00
|
BBB+
|
3,057,240
|
|
|
Hospital, Series 2002, 5.250%, 10/01/25 – RAAI Insured
|
|
|
|
1,000
|
|
Fredericksburg Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds,
|
No Opt. Call
|
A3
|
1,108,870
|
|
|
MediCorp Health System, Series 2007, 5.250%, 6/15/23
|
|
|
|
675
|
|
Fredericksburg Industrial Development Authority, Virginia, Revenue Bonds, MediCorp Health
|
6/12 at 100.00
|
A3
|
675,749
|
|
|
System, Series 2002B, 5.125%, 6/15/33
|
|
|
|
1,500
|
|
Harrisonburg Industrial Development Authority, Virginia, Hospital Facilities Revenue Bonds,
|
8/16 at 100.00
|
Baa1
|
1,473,945
|
|
|
Rockingham Memorial Hospital, Series 2006, 5.000%, 8/15/31 – AMBAC Insured
|
|
|
|
960
|
|
Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health
|
11/12 at 100.00
|
A–
|
962,237
|
|
|
System Inc., Series 2002A, 5.600%, 11/15/30
|
|
|
|
1,155
|
|
Manassas Industrial Development Authority, Virginia, Hospital Revenue Bonds, Prince William
|
4/13 at 100.00
|
A3
|
1,159,816
|
|
|
Hospital, Series 2002, 5.250%, 4/01/33
|
|
|
|
1,200
|
|
Norton Industrial Development Authority, Virginia, Hospital Revenue Refunding and Improvement
|
12/11 at 101.00
|
N/R
|
1,148,808
|
|
|
Bonds, Norton Community Hospital, Series 2001, 6.000%, 12/01/22 – ACA Insured
|
|
|
|
3,915
|
|
Roanoke Industrial Development Authority, Virginia, Hospital Revenue Bonds, Carilion Health
|
7/12 at 100.00
|
A+
|
4,033,194
|
|
|
System, Series 2002A, 5.500%, 7/01/20 – NPFG Insured
|
|
|
|
|
|
Stafford County Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds,
|
|
|
|
|
|
MediCorp Health System, Series 2006:
|
|
|
|
1,250
|
|
5.250%, 6/15/25
|
6/16 at 100.00
|
A3
|
1,286,475
|
655
|
|
5.250%, 6/15/31
|
6/16 at 100.00
|
A3
|
659,631
|
1,095
|
|
5.250%, 6/15/37
|
6/16 at 100.00
|
A3
|
1,073,680
|
1,250
|
|
Virginia Small Business Finance Authority, Healthcare Facilities Revenue Bonds, Sentara Healthcare,
|
5/20 at 100.00
|
AA
|
1,285,325
|
|
|
Refunding Series 2010, 5.000%, 11/01/40
|
|
|
|
1,430
|
|
Virginia Small Business Financing Authority, Wellmont Health System Project Revenue Bonds,
|
9/17 at 100.00
|
BBB+
|
1,312,526
|
|
|
Series 2007A, 5.250%, 9/01/37
|
|
|
|
720
|
|
Winchester Industrial Development Authority, Virginia, Hospital Revenue Bonds Valley Health
|
1/19 at 100.00
|
A+
|
742,831
|
|
|
System Obligated Group, Series 2009E, 5.625%, 1/01/44
|
|
|
|
715
|
|
Winchester Industrial Development Authority, Virginia, Hospital Revenue Bonds, Winchester
|
1/17 at 100.00
|
A+
|
740,218
|
|
|
Medical Center, Series 2007, 5.125%, 1/01/31
|
|
|
|
340
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care, Inc.,
|
4/20 at 100.00
|
A3
|
343,560
|
|
|
Series 2010A, 5.625%, 4/15/39
|
|
|
|
27,010
|
|
Total Health Care
|
|
|
27,430,607
|
|
|
Housing/Multifamily – 1.1% (0.7% of Total Investments)
|
|
|
|
200
|
|
Virginia Housing Development Authority, Rental Housing Bonds, Series 2010A, 5.000%, 4/01/45
|
10/19 at 100.00
|
AA+
|
202,512
|
175
|
|
Virginia Housing Development Authority, Rental Housing Bonds, Series 2010C, 4.550%, 8/01/32
|
2/20 at 100.00
|
AA+
|
176,236
|
500
|
|
Waynesboro Redevelopment and Housing Authority, Virginia, Multifamily Housing Revenue Bonds,
|
No Opt. Call
|
AA+
|
504,510
|
|
|
Epworth Manor, GNMA Collateralized Series 2010, 5.000%, 10/20/51
|
|
|
|
875
|
|
Total Housing/Multifamily
|
|
|
883,258
|
|
|
Housing/Single Family – 10.7% (7.1% of Total Investments)
|
|
|
|
4,965
|
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2001H-1, 5.350%,
|
1/12 at 100.00
|
AAA
|
4,967,681
|
|
|
7/01/31 – NPFG Insured
|
|
|
|
500
|
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2005C-2, 4.750%,
|
1/15 at 100.00
|
AAA
|
492,450
|
|
|
10/01/32 (Alternative Minimum Tax)
|
|
|
|
920
|
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2006, 4.800%,
|
7/15 at 100.00
|
AAA
|
913,946
|
|
|
7/01/29 (Alternative Minimum Tax)
|
|
|
|
2,600
|
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2007B, 4.750%,
|
7/16 at 100.00
|
AAA
|
2,560,948
|
|
|
7/01/32 (Alternative Minimum Tax)
|
|
|
|
8,985
|
|
Total Housing/Single Family
|
|
|
8,935,025
|
|
|
Long-Term Care – 12.1% (8.0% of Total Investments)
|
|
|
|
1,300
|
|
Albemarle County Industrial Development Authority, Virginia, Residential Care Facilities Mortgage
|
1/17 at 100.00
|
N/R
|
1,148,251
|
|
|
Revenue Bonds, Westminster-Cantebury of the Blue Ridge, Series 2007, 5.000%, 1/01/31
|
|
|
|
650
|
|
Chesterfield County Health Center Commission, Virginia, Mortgage Revenue Bonds, Lucy Corr
|
12/15 at 100.00
|
N/R
|
531,005
|
|
|
Village, Series 2005, 5.625%, 12/01/39
|
|
|
|
1,815
|
|
Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Mortgage
|
10/17 at 100.00
|
N/R
|
1,692,705
|
|
|
Revenue Bonds, Goodwin House, Inc., Series 2007A, 5.125%, 10/01/37
|
|
|
|
500
|
|
Fairfax County Economic Development Authority, Virginia, Retirement Center Revenue Bonds,
|
10/16 at 100.00
|
A–
|
496,260
|
|
|
Greenspring Village, Series 2006A, 4.750%, 10/01/26
|
|
|
|
1,605
|
|
Henrico County Economic Development Authority, Virginia, Residential Care Facility Revenue Bonds,
|
No Opt. Call
|
BBB
|
1,450,952
|
|
|
Westminster Canterbury of Richmond, Series 2006, 5.000%, 10/01/35
|
|
|
|
1,800
|
|
Industrial Development Authority of the County of Prince William, Virginia, Residential Care Facility
|
1/17 at 100.00
|
N/R
|
1,102,788
|
|
|
Revenue Bonds, Westminster at Lake, First Mortgage, Series 2006, 5.125%, 1/01/26
|
|
|
|
1,350
|
|
James City County Industrial Development Authority, Virginia, Residential Care Facility First
|
3/12 at 101.00
|
N/R
|
1,326,942
|
|
|
Mortgage Revenue Refunding Bonds, Williamsburg Landing Inc., Series 2003A, 6.000%, 3/01/23
|
|
|
|
970
|
|
Roanoke Industrial Development Authority, Virginia, Residential Revenue Bonds, Virginia Lutheran
|
12/16 at 100.00
|
N/R
|
770,238
|
|
|
Homes Incorporated, Series 2006, 5.000%, 12/01/39
|
|
|
|
650
|
|
Suffolk Industrial Development Authority, Virginia, Retirement Facilities First Mortgage Revenue
|
9/16 at 100.00
|
N/R
|
555,627
|
|
|
Bonds, Lake Prince Center, Series 2006, 5.300%, 9/01/31
|
|
|
|
650
|
|
Virginia Beach Development Authority, Virginia, Residential Care Facility Mortgage Revenue Bonds,
|
11/15 at 100.00
|
N/R
|
642,298
|
|
|
Westminster Canterbury on Chesapeake Bay, Series 2005, 5.000%, 11/01/22
|
|
|
|
325
|
|
Winchester Industrial Development Authority, Virginia, Residential Care Facility Revenue Bonds,
|
1/15 at 100.00
|
N/R
|
325,666
|
|
|
Westminster-Canterbury of Winchester Inc., Series 2005A, 5.200%, 1/01/27
|
|
|
|
11,615
|
|
Total Long-Term Care
|
|
|
10,042,732
|
|
|
Materials – 0.7% (0.5% of Total Investments)
|
|
|
|
165
|
|
Bedford County Industrial Development Authority, Virginia, Industrial Development Revenue
|
2/12 at 100.00
|
Ba2
|
159,440
|
|
|
Refunding Bonds, Nekoosa Packaging Corporation, Series 1998, 5.600%, 12/01/25 (Alternative
|
|
|
|
|
|
Minimum Tax)
|
|
|
|
460
|
|
Goochland County Industrial Development Authority, Virginia, Industrial Development Revenue
|
12/11 at 100.00
|
Ba2
|
439,884
|
|
|
Refunding Bonds, Nekoosa Packaging Corporation Project, Series 1998, 5.650%, 12/01/25
|
|
|
|
|
|
(Alternative Minimum Tax)
|
|
|
|
625
|
|
Total Materials
|
|
|
599,324
|
|
|
Tax Obligation/General – 10.5% (6.9% of Total Investments)
|
|
|
|
1,750
|
|
Chesapeake, Virginia, General Obligation Bonds, Series 2001, 5.500%, 12/01/16
|
12/11 at 100.00
|
AA+
|
1,772,453
|
1,000
|
|
Loudoun County, Virginia, General Obligation Bonds, Series 2006B, 5.000%, 12/01/25
|
12/16 at 100.00
|
AAA
|
1,098,830
|
95
|
|
Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2002A, 5/01/22
|
5/12 at 100.00
|
AAA
|
97,538
|
1,200
|
|
Portsmouth, Virginia, General Obligation Bonds, Refunding Series 2010D, 5.000%, 7/15/34
|
7/20 at 100.00
|
AA
|
1,290,228
|
1,280
|
|
Roanoke, Virginia, General Obligation Public Improvement Bonds, Series 2002B, 5.000%, 10/01/15 –
|
10/12 at 101.00
|
AA
|
1,336,000
|
|
|
FGIC Insured (Alternative Minimum Tax)
|
|
|
|
2,900
|
|
Virginia Beach, Virginia, General Obligation Bonds, Series 2008, 5.000%, 10/01/27 (UB)
|
10/17 at 100.00
|
AAA
|
3,173,818
|
8,225
|
|
Total Tax Obligation/General
|
|
|
8,768,867
|
|
|
Tax Obligation/Limited – 22.5% (14.8% of Total Investments)
|
|
|
|
100
|
|
Bell Creek Community Development Authority, Virginia, Special Assessment Bonds, Series 2003A,
|
3/13 at 101.00
|
N/R
|
99,555
|
|
|
6.750%, 3/01/22
|
|
|
|
|
|
Buena Vista Public Recreational Facilities Authority, Virginia, Lease Revenue Bonds, Golf
|
|
|
|
|
|
Course Project, Series 2005A:
|
|
|
|
210
|
|
5.250%, 7/15/25 – ACA Insured
|
7/15 at 100.00
|
N/R
|
174,426
|
165
|
|
5.500%, 7/15/35 – ACA Insured
|
7/15 at 100.00
|
N/R
|
132,432
|
800
|
|
Fairfax County Economic Development Authority, Virginia, Lease Revenue Bonds, Joint Public Uses
|
5/16 at 100.00
|
AA+
|
911,608
|
|
|
Community Project, Series 2006, 5.000%, 5/15/18
|
|
|
|
1,900
|
|
Greater Richmond Convention Center Authority, Virginia, Hotel Tax Revenue Bonds, Series 2005,
|
6/15 at 100.00
|
A
|
1,933,630
|
|
|
5.000%, 6/15/30 – NPFG Insured
|
|
|
|
1,415
|
|
Loudoun County Industrial Development Authority, Virginia, Lease Revenue Refunding Bonds,
|
3/13 at 100.00
|
AA+
|
1,493,193
|
|
|
Public Facility Project, Series 2003, 5.000%, 3/01/19
|
|
|
|
285
|
|
Montgomery County Industrial Development Authority, Virginia, Public Facility Lease Revnue
|
2/18 at 100.00
|
AA–
|
301,228
|
|
|
Bonds, Public Projects Series 2008, 5.000%, 2/01/29
|
|
|
|
1,300
|
|
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.250%,
|
No Opt. Call
|
Baa1
|
1,246,570
|
|
|
7/01/31 – AMBAC Insured
|
|
|
|
2,000
|
|
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005A, 0.000%,
|
No Opt. Call
|
BBB+
|
640,720
|
|
|
7/01/29 – AMBAC Insured
|
|
|
|
400
|
|
Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding Bonds,
|
7/12 at 100.00
|
Baa1
|
394,264
|
|
|
Series 2002D, 5.250%, 7/01/27
|
|
|
|
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate
|
|
|
|
|
|
Series 2009A:
|
|
|
|
1,000
|
|
5.750%, 8/01/37
|
8/19 at 100.00
|
A+
|
1,036,260
|
1,100
|
|
6.000%, 8/01/42
|
8/19 at 100.00
|
A+
|
1,164,504
|
1,625
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
|
2/20 at 100.00
|
A+
|
1,648,416
|
|
|
2010A, 5.500%, 8/01/42
|
|
|
|
1,000
|
|
Spotsylvania County Industrial Development Authority, Virginia, Lease Revenue Bonds, School
|
8/13 at 100.00
|
N/R
|
1,055,260
|
|
|
Facilities, Series 2003B, 5.125%, 8/01/23 – AMBAC Insured
|
|
|
|
1,000
|
|
Stafford County and Staunton Industrial Development Authority, Virginia, Revenue Bonds, Virginia
|
8/16 at 100.00
|
A+
|
1,069,420
|
|
|
Municipal League and Virginia Association of Counties Finance Program, Series 2006A, 5.000%,
|
|
|
|
|
|
8/01/23 – NPFG Insured
|
|
|
|
1,610
|
|
Stafford County Economic Development Authority, Virginia, Lease Revenue Bonds, Public Facility
|
4/18 at 100.00
|
AA+
|
1,676,783
|
|
|
Projects, Series 2008, 5.000%, 4/01/33 – AGC Insured (UB)
|
|
|
|
1,000
|
|
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Subordinate
|
10/20 at 100.00
|
Baa2
|
994,760
|
|
|
Lien Series 2010B, 5.250%, 10/01/29
|
|
|
|
535
|
|
Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century
|
2/19 at 100.00
|
AA+
|
714,840
|
|
|
College Program, Series 2009, Trust 09-3B, 12.723%, 2/01/27 (IF) (4)
|
|
|
|
535
|
|
Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century College
|
2/19 at 100.00
|
AA+
|
703,718
|
|
|
Program, Series 2009, Trust 09-4B, 12.824%, 2/01/28 (IF) (4)
|
|
|
|
663
|
|
Virginia Gateway Community Development Authority, Prince William County, Special Assessment
|
3/13 at 102.00
|
N/R
|
654,858
|
|
|
Bonds, Series 2003, 6.375%, 3/01/30
|
|
|
|
570
|
|
Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2005C,
|
8/15 at 100.00
|
AA+
|
654,086
|
|
|
5.000%, 8/01/17
|
|
|
|
19,213
|
|
Total Tax Obligation/Limited
|
|
|
18,700,531
|
|
|
Transportation – 9.5% (6.3% of Total Investments)
|
|
|
|
|
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Capital
|
|
|
|
|
|
Appriciation Series 2009B-2:
|
|
|
|
5,850
|
|
0.000%, 10/01/34 – AGC Insured
|
No Opt. Call
|
AA+
|
1,425,879
|
4,290
|
|
0.000%, 10/01/39 – AGC Insured
|
No Opt. Call
|
AA+
|
741,355
|
1,000
|
|
Metropolitan Washington D.C. Airports Authority, Airport System Revenue Bonds, Series 2002A,
|
10/12 at 100.00
|
AA–
|
1,035,940
|
|
|
5.125%, 10/01/26 – FGIC Insured (Alternative Minimum Tax)
|
|
|
|
175
|
|
Metropolitan Washington D.C. Airports Authority, Airport System Revenue Bonds, Series 2010A,
|
10/20 at 100.00
|
AA–
|
183,388
|
|
|
5.000%, 10/01/35
|
|
|
|
2,200
|
|
Metropolitan Washington D.C. Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
10/28 at 100.00
|
BBB+
|
1,377,222
|
|
|
Dulles Metrorail Capital Appreciation, Series 2010B, 0.000%, 10/01/44
|
|
|
|
1,500
|
|
Norfolk, Virginia, Parking System Revenue Bonds, Series 2005A, 5.000%, 2/01/23 – NPFG Insured
|
2/15 at 100.00
|
Baa1
|
1,535,610
|
745
|
|
Virginia Port Authority, Port Facilities Revenue Refunding Bonds Series 2010, 5.000%, 7/01/40
|
7/19 at 100.00
|
Aa3
|
772,558
|
825
|
|
Virginia Port Authority, Revenue Bonds, Port Authority Facilities, Series 2006, 5.000%,
|
7/13 at 100.00
|
Aa3
|
817,988
|
|
|
7/01/36 – FGIC Insured (Alternative Minimum Tax)
|
|
|
|
16,585
|
|
Total Transportation
|
|
|
7,889,940
|
|
|
U.S. Guaranteed – 21.8% (14.4% of Total Investments) (5)
|
|
|
|
165
|
|
Albemarle County Industrial Development Authority, Virginia, Residential Care Facility Revenue
|
1/12 at 100.00
|
N/R (5)
|
168,226
|
|
|
Bonds, Westminster Canterbury of the Blue Ridge First Mortgage, Series 2001, 6.200%, 1/01/31
|
|
|
|
|
|
(Pre-refunded 1/01/12)
|
|
|
|
1,000
|
|
Bristol, Virginia, General Obligation Utility System Revenue Bonds, Series 2002, 5.000%,
|
No Opt. Call
|
AA+ (5)
|
1,196,180
|
|
|
11/01/24 – AGM Insured (ETM)
|
|
|
|
748
|
|
Broad Street Community Development Authority, Virginia, Revenue Bonds, Series 2003, 7.500%,
|
6/13 at 102.00
|
N/R (5)
|
848,210
|
|
|
6/01/33 (Pre-refunded 6/01/13)
|
|
|
|
40
|
|
Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health
|
11/12 at 100.00
|
A3 (5)
|
42,572
|
|
|
System Inc., Series 2002A, 5.600%, 11/15/30 (Pre-refunded 11/15/12)
|
|
|
|
|
|
Loudoun County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Loudoun
|
|
|
|
|
|
Hospital Center, Series 2002A:
|
|
|
|
250
|
|
6.000%, 6/01/22 (Pre-refunded 6/01/12)
|
6/12 at 101.00
|
N/R (5)
|
262,935
|
600
|
|
6.100%, 6/01/32 (Pre-refunded 6/01/12)
|
6/12 at 101.00
|
N/R (5)
|
631,494
|
385
|
|
Loudoun County Industrial Development Authority, Virginia, Lease Revenue Refunding Bonds,
|
3/13 at 100.00
|
N/R (5)
|
412,212
|
|
|
Public Facility Project, Series 2003, 5.000%, 3/01/19 (Pre-refunded 3/01/13)
|
|
|
|
1,000
|
|
Newport News, Virginia, General Obligation Bonds, Series 2003B, 5.000%, 11/01/22
|
11/13 at 100.00
|
Aa1 (5)
|
1,100,160
|
|
|
(Pre-refunded 11/01/13)
|
|
|
|
1,100
|
|
Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding
|
7/12 at 100.00
|
Baa1 (5)
|
1,144,286
|
|
|
Bonds, Series 2002D, 5.250%, 7/01/27 (Pre-refunded 7/01/12)
|
|
|
|
455
|
|
Puerto Rico Public Finance Corporation, Commonwealth Appropriation Bonds, Series 2002E,
|
2/12 at 100.00
|
Aaa
|
465,010
|
|
|
5.500%, 8/01/29 (Pre-refunded 2/01/12)
|
|
|
|
|
|
Roanoke, Virginia, General Obligation Public Improvement Bonds, Series 2002A:
|
|
|
|
1,950
|
|
5.000%, 10/01/18 (Pre-refunded 10/01/12)
|
10/12 at 101.00
|
AA (5)
|
2,071,251
|
2,435
|
|
5.000%, 10/01/19 (Pre-refunded 10/01/12)
|
10/12 at 101.00
|
AA (5)
|
2,586,408
|
1,000
|
|
Staunton, Virginia, General Obligation Bonds, Series 2004, 6.250%, 2/01/25 (Pre-refunded 2/01/14) –
|
2/14 at 101.00
|
Aa2 (5)
|
1,153,490
|
|
|
AMBAC Insured
|
|
|
|
|
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset-Backed Bonds,
|
|
|
|
|
|
Series 2005:
|
|
|
|
95
|
|
5.250%, 6/01/19 (Pre-refunded 6/01/12)
|
6/12 at 100.00
|
Aaa
|
98,524
|
2,700
|
|
5.500%, 6/01/26 (Pre-refunded 6/01/15)
|
6/15 at 100.00
|
Aaa
|
2,996,811
|
700
|
|
Virginia Beach Development Authority, Public Facilities Revenue Bonds, Series 2005A, 5.000%,
|
5/15 at 100.00
|
AA+ (5)
|
814,163
|
|
|
5/01/22 (Pre-refunded 5/01/15)
|
|
|
|
600
|
|
Virginia Beach, Virginia, General Obligation Bonds, Series 2005, 5.000%, 1/15/20
|
1/16 at 100.00
|
AAA
|
711,210
|
|
|
(Pre-refunded 1/15/16)
|
|
|
|
1,420
|
|
Virginia Beach, Virginia, General Obligation Refunding and Public Improvement Bonds, Series 2002,
|
3/12 at 100.00
|
AAA
|
1,454,591
|
|
|
5.000%, 3/01/21 (Pre-refunded 3/01/12)
|
|
|
|
16,643
|
|
Total U.S. Guaranteed
|
|
|
18,157,733
|
|
|
Utilities – 2.4% (1.6% of Total Investments)
|
|
|
|
2,000
|
|
Mecklenburg County Industrial Development Authority, Virginia, Revenue Bonds, UAE Mecklenburg
|
10/12 at 100.00
|
Baa1
|
2,006,440
|
|
|
Cogeneration LP, Series 2002, 6.500%, 10/15/17 (Alternative Minimum Tax)
|
|
|
|
|
|
Water and Sewer – 14.0% (9.3% of Total Investments)
|
|
|
|
805
|
|
Fairfax County Water Authority, Virginia, Water Revenue Refunding Bonds, Series 2002,
|
4/12 at 100.00
|
AAA
|
813,960
|
|
|
5.000%, 4/01/27
|
|
|
|
|
|
Henry County Public Service Authority, Virginia, Water and Sewerage Revenue Refunding Bonds,
|
|
|
|
|
|
Series 2001:
|
|
|
|
1,000
|
|
5.500%, 11/15/17 – AGM Insured
|
No Opt. Call
|
AA+
|
1,181,690
|
3,000
|
|
5.500%, 11/15/19 – AGM Insured
|
No Opt. Call
|
AA+
|
3,569,670
|
|
|
Norfolk, Virginia, Water Revenue Refunding Bonds, Series 2001:
|
|
|
|
1,080
|
|
5.000%, 11/01/18 – FGIC Insured
|
11/11 at 100.00
|
AA+
|
1,087,268
|
1,190
|
|
5.000%, 11/01/19 – FGIC Insured
|
11/11 at 100.00
|
AA+
|
1,198,009
|
1,525
|
|
5.000%, 11/01/24 – FGIC Insured
|
11/11 at 100.00
|
AA+
|
1,534,835
|
1,000
|
|
Virginia Beach, Virginia, Water and Sewer System Revenue Bonds, Series 2005, 5.000%, 10/01/30
|
10/15 at 100.00
|
AAA
|
1,099,759
|
990
|
|
Virginia State Resources Authority, Clean Water Revenue Bonds, Series 2007, Trust 3036,
|
No Opt. Call
|
AAA
|
1,197,473
|
|
|
13.313%, 10/01/15 (IF)
|
|
|
|
10,590
|
|
Total Water and Sewer
|
|
|
11,682,664
|
$ 146,626
|
|
Total Investments (cost $124,462,920) – 151.3%
|
|
|
125,870,887
|
|
|
Floating Rate Obligations – (3.6)%
|
|
|
(2,980,000)
|
|
|
MuniFund Term Preferred Shares, at Liquidation Value – (51.9)% (6)
|
|
|
(43,200,000)
|
|
|
Other Assets Less Liabilities – 4.2%
|
|
|
3,529,221
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 83,220,108
|