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Portfolio of Investments (Unaudited)
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Nuveen North Carolina Dividend Advantage Municipal Fund 2 (NNO)
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|
February 29, 2012
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|
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Principal
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Optional Call
|
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Amount (000)
|
|
Description (1)
|
Provisions (2)
|
Ratings (3)
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Value
|
|
|
Education and Civic Organizations – 8.2% (5.3% of Total Investments)
|
|
|
|
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Appalachian State University, North Carolina, Housing and Student Center System Revenue
|
|
|
|
|
|
Refunding Bonds, Series 2002:
|
|
|
|
$ 1,040
|
|
5.000%, 7/15/14 – NPFG Insured
|
7/12 at 100.00
|
Aa3
|
$ 1,057,722
|
1,000
|
|
5.000%, 7/15/15 – NPFG Insured
|
7/12 at 100.00
|
Aa3
|
1,015,310
|
800
|
|
North Carolina Capital Facilities Financing Agency, Revenue Bonds, Johnson and Wales
|
4/13 at 100.00
|
N/R
|
806,248
|
|
|
University, Series 2003A, 5.000%, 4/01/33 – SYNCORA GTY Insured
|
|
|
|
1,000
|
|
University of North Carolina System, Pooled Revenue Bonds, Series 2005A, 5.000%, 4/01/22 –
|
4/15 at 100.00
|
A+
|
1,101,580
|
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|
AMBAC Insured
|
|
|
|
500
|
|
University of North Carolina Wilmington, Certificates of Participation, Student Housing
|
6/16 at 100.00
|
A–
|
546,675
|
|
|
Project Revenue Bonds, Series 2006, 5.000%, 6/01/21 – FGIC Insured
|
|
|
|
250
|
|
University of North Carolina, Charlotte, Certificates of Participation, Student Housing
|
3/15 at 100.00
|
A
|
269,148
|
|
|
Project, Series 2005, 5.000%, 3/01/21 – AMBAC Insured
|
|
|
|
4,590
|
|
Total Education and Civic Organizations
|
|
|
4,796,683
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Health Care – 35.2% (22.7% of Total Investments)
|
|
|
|
1,065
|
|
Albemarle Hospital Authority, North Carolina, Health Care Facilities Revenue Bonds, Series
|
10/17 at 100.00
|
N/R
|
945,294
|
|
|
2007, 5.250%, 10/01/38
|
|
|
|
500
|
|
Charlotte-Mecklenberg Hospital Authority, North Carolina, Carolinas HealthCare System Revenue
|
1/18 at 100.00
|
AA–
|
521,415
|
|
|
Bonds, Series 2008A, 5.000%, 1/15/47
|
|
|
|
750
|
|
Charlotte-Mecklenberg Hospital Authority, North Carolina, Health Care Refunding Revenue Bonds,
|
1/19 at 100.00
|
AA–
|
813,593
|
|
|
Carolinas HealthCare System, Series 2009A, 5.250%, 1/15/39
|
|
|
|
1,000
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|
Charlotte-Mecklenberg Hospital Authority, North Carolina, Health Care Revenue Bonds, Carolinas
|
1/21 at 100.00
|
AA–
|
1,101,620
|
|
|
HealthCare System, Series 2011A, 5.250%, 1/15/42
|
|
|
|
1,640
|
|
Charlotte-Mecklenburg Hospital Authority, North Carolina, Healthcare System Revenue Bonds,
|
7/12 at 100.00
|
AA–
|
1,641,837
|
|
|
Carolinas Healthcare System, Series 2001A, 5.000%, 1/15/31
|
|
|
|
500
|
|
Johnston Memorial Hospital Authority, North Carolina, Mortgage Revenue Bonds, Johnston
|
4/18 at 100.00
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AA–
|
542,315
|
|
|
Memorial Hospital Project, Series 2008A, 5.250%, 10/01/36 – AGM Insured
|
|
|
|
120
|
|
New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical
|
10/19 at 100.00
|
AA–
|
130,848
|
|
|
Center, Series 2006B, 5.125%, 10/01/31 – AGM Insured
|
|
|
|
|
|
North Carolina Medical Care Commission Health Care Facilities Revenue Bonds Novant Health
|
|
|
|
|
|
Inc., Series 2010A:
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|
|
|
1,250
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|
5.250%, 11/01/40
|
11/20 at 100.00
|
A+
|
1,328,150
|
1,000
|
|
5.000%, 11/01/43
|
11/20 at 100.00
|
A+
|
1,038,060
|
1,000
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|
North Carolina Medical Care Commission, Health Care Facilities Refunding Revenue Bonds, Blue
|
1/20 at 100.00
|
A
|
1,015,810
|
|
|
Ridge HealthCare, Series 2010A, 5.000%, 1/01/36
|
|
|
|
500
|
|
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Appalachian
|
7/21 at 100.00
|
BBB+
|
574,090
|
|
|
Regional HealthCare System, Series 2011A, 6.500%, 7/01/31
|
|
|
|
680
|
|
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Cleveland County
|
1/21 at 100.00
|
A
|
742,159
|
|
|
Healthcare System, Refunding Series 2011A, 5.750%, 1/01/35
|
|
|
|
455
|
|
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, WakeMed, Series
|
10/14 at 100.00
|
AA–
|
473,960
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|
|
2009A, 5.625%, 10/01/38 – AGC Insured
|
|
|
|
2,000
|
|
North Carolina Medical Care Commission, Healthcare Facilities Revenue Bonds, Novant Health
|
11/13 at 100.00
|
A+
|
2,104,840
|
|
|
Obligated Group, Series 2003A, 5.000%, 11/01/20
|
|
|
|
1,005
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|
North Carolina Medical Care Commission, Healthcare Facilities Revenue Bonds, Union Regional
|
7/12 at 100.00
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AA–
|
1,008,437
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|
|
Medical Center, Series 2002A, 5.250%, 1/01/13
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|
|
|
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|
North Carolina Medical Care Commission, Hospital Revenue Bonds, Southeastern Regional Medical
|
|
|
|
|
|
Center, Series 2002:
|
|
|
|
1,000
|
|
5.500%, 6/01/15
|
6/12 at 101.00
|
A
|
1,019,270
|
2,100
|
|
5.250%, 6/01/22
|
6/12 at 101.00
|
A
|
2,129,984
|
925
|
|
North Carolina Medical Care Commission, Hospital Revenue Bonds, Wilson Medical Center, Series
|
11/17 at 100.00
|
A–
|
968,373
|
|
|
2007, 5.000%, 11/01/27
|
|
|
|
1,250
|
|
North Carolina Medical Care Commission, Revenue Bonds, Blue Ridge Healthcare System, Series
|
1/15 at 100.00
|
A
|
1,263,250
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|
|
2005, 5.000%, 1/01/33 – FGIC Insured
|
|
|
|
|
|
North Carolina Medical Care Commission, Revenue Bonds, Cleveland County Healthcare System,
|
|
|
|
|
|
Series 2004A:
|
|
|
|
595
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|
5.250%, 7/01/20 – AMBAC Insured
|
7/14 at 100.00
|
A
|
626,309
|
500
|
|
5.250%, 7/01/22 – AMBAC Insured
|
7/14 at 100.00
|
A
|
522,900
|
150
|
|
Northern Hospital District of Surry County, North Carolina, Health Care Facilities Revenue
|
4/18 at 100.00
|
BBB
|
159,852
|
|
|
Bonds, Series 2008, 6.250%, 10/01/38
|
|
|
|
19,985
|
|
Total Health Care
|
|
|
20,672,366
|
|
|
Housing/Single Family – 3.2% (2.1% of Total Investments)
|
|
|
|
265
|
|
North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, 1998 Trust Agreement,
|
7/12 at 100.00
|
AA
|
265,188
|
|
|
Series 10A, 5.400%, 7/01/32 – AMBAC Insured (Alternative Minimum Tax)
|
|
|
|
|
|
North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, Series 13A:
|
|
|
|
495
|
|
4.700%, 7/01/12 (Alternative Minimum Tax)
|
5/12 at 100.00
|
AA
|
496,282
|
500
|
|
4.850%, 7/01/13 (Alternative Minimum Tax)
|
7/12 at 100.00
|
AA
|
501,090
|
100
|
|
North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, Series 2011-1,
|
1/21 at 100.00
|
AA
|
105,209
|
|
|
4.500%, 1/01/28
|
|
|
|
500
|
|
North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, Series 25-A, 4.900%,
|
7/16 at 100.00
|
AA
|
506,890
|
|
|
7/01/37 (Alternative Minimum Tax)
|
|
|
|
1,860
|
|
Total Housing/Single Family
|
|
|
1,874,659
|
|
|
Long-Term Care – 1.8% (1.2% of Total Investments)
|
|
|
|
|
|
North Carolina Medical Care Commission, Healthcare Facilities Revenue Bonds, Presbyterian
|
|
|
|
|
|
Homes, Series 2006:
|
|
|
|
250
|
|
5.400%, 10/01/27
|
10/16 at 100.00
|
N/R
|
250,893
|
600
|
|
5.500%, 10/01/31
|
10/16 at 100.00
|
N/R
|
600,930
|
185
|
|
North Carolina Medical Care Commission, Revenue Bonds, Pines at Davidson, Series 2006A,
|
1/16 at 100.00
|
N/R
|
185,982
|
|
|
5.000%, 1/01/36
|
|
|
|
1,035
|
|
Total Long-Term Care
|
|
|
1,037,805
|
|
|
Materials – 0.5% (0.3% of Total Investments)
|
|
|
|
300
|
|
Columbus County Industrial Facilities and Pollution Control Financing Authority, North
|
3/17 at 100.00
|
BBB
|
300,597
|
|
|
Carolina, Environmental Improvement Revenue Bonds, International Paper Company Project,
|
|
|
|
|
|
Series 2007A, 4.625%, 3/01/27
|
|
|
|
|
|
Tax Obligation/General – 9.7% (6.3% of Total Investments)
|
|
|
|
1,475
|
|
Durham, North Carolina, General Obligation Bonds, Series 2007, 5.000%, 4/01/22
|
4/17 at 100.00
|
AAA
|
1,744,556
|
1,050
|
|
Forsyth County, North Carolina, General Obligation Bonds, Limited Obligation Series 2009,
|
4/20 at 100.00
|
AA+
|
1,207,532
|
|
|
5.000%, 4/01/30
|
|
|
|
500
|
|
North Carolina State, General Obligation Bonds, Series 2004A, 5.000%, 3/01/22
|
3/14 at 100.00
|
AAA
|
541,540
|
2,000
|
|
Wake County, North Carolina, Limited Obligation Bonds, Series 2010, 5.000%, 1/01/37
|
1/20 at 100.00
|
AA+
|
2,229,420
|
5,025
|
|
Total Tax Obligation/General
|
|
|
5,723,048
|
|
|
Tax Obligation/Limited – 32.2% (20.8% of Total Investments)
|
|
|
|
1,750
|
|
Charlotte, North Carolina, Certificates of Participation, Governmental Facilities Projects,
|
6/13 at 100.00
|
AA+
|
1,796,113
|
|
|
Series 2003G, 5.000%, 6/01/28
|
|
|
|
575
|
|
Charlotte, North Carolina, Certificates of Participation, Transit Projects Phase 2, Series
|
6/18 at 100.00
|
AA+
|
622,547
|
|
|
2008A, 5.000%, 6/01/33
|
|
|
|
1,850
|
|
Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Series 2002, 5.250%, 6/01/18
|
6/12 at 101.00
|
AAA
|
1,890,423
|
800
|
|
Craven County, North Carolina, Certificates of Participation, Series 2007, 5.000%, 6/01/27 –
|
6/17 at 100.00
|
AA–
|
874,656
|
|
|
NPFG Insured
|
|
|
|
265
|
|
Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.125%, 1/01/42
|
1/22 at 100.00
|
A
|
287,803
|
500
|
|
Harnett County, North Carolina, Certificates of Participation, Series 2009, 5.000%, 6/01/29 –
|
6/19 at 100.00
|
AA–
|
549,515
|
|
|
AGC Insured
|
|
|
|
715
|
|
Lee County, North Carolina, Certificates of Participation, Public Schools and Community
|
4/14 at 100.00
|
AA–
|
762,147
|
|
|
College, Series 2004, 5.250%, 4/01/20 – AGM Insured
|
|
|
|
1,750
|
|
North Carolina Turnpike Authority, Monroe Connector System State Appropriation Bonds, Series
|
7/21 at 100.00
|
AA
|
1,967,140
|
|
|
2011, 5.000%, 7/01/41
|
|
|
|
1,380
|
|
Pasquotank County, North Carolina, Certificates of Participation, Series 2004, 5.000%,
|
6/14 at 100.00
|
A
|
1,432,868
|
|
|
6/01/25 – NPFG Insured
|
|
|
|
2,070
|
|
Pitt County, North Carolina, Certificates of Participation, School Facilities Project, Series
|
4/14 at 100.00
|
AA–
|
2,206,185
|
|
|
2004B, 5.000%, 4/01/29 – AMBAC Insured
|
|
|
|
2,625
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2010A,
|
No Opt. Call
|
A+
|
735,735
|
|
|
0.000%, 8/01/35
|
|
|
|
|
|
Raleigh, North Carolina, Certificates of Participation, Downtown Improvement Project,
|
|
|
|
|
|
Series 2004B:
|
|
|
|
805
|
|
5.000%, 6/01/20
|
6/14 at 100.00
|
AA+
|
859,764
|
1,310
|
|
5.000%, 6/01/21
|
6/14 at 100.00
|
AA+
|
1,392,150
|
115
|
|
Raleigh, North Carolina, Certificates of Participation, Series 2007, 5.000%, 2/01/27
|
2/17 at 100.00
|
AA+
|
126,023
|
1,000
|
|
Randolph County, North Carolina, Certificates of Participation, Series 2004, 5.000%, 6/01/20 –
|
6/14 at 102.00
|
AA–
|
1,082,070
|
|
|
AGM Insured
|
|
|
|
100
|
|
Rutherford County, North Carolina, Certificates of Participation, Series 2007, 5.000%,
|
12/17 at 100.00
|
AA–
|
110,251
|
|
|
12/01/27 – AGM Insured
|
|
|
|
1,150
|
|
Sampson County, North Carolina, Certificates of Participation, Series 2006, 5.000%, 6/01/34 –
|
6/17 at 100.00
|
AA–
|
1,217,643
|
|
|
AGM Insured (UB)
|
|
|
|
500
|
|
Wilmington, North Carolina, Certificates of Participation, Series 2008A, 5.000%, 6/01/29
|
6/18 at 100.00
|
AA
|
553,470
|
400
|
|
Wilson County, North Carolina, Certificates of Participation, School Facilities Project,
|
4/17 at 100.00
|
Aa3
|
435,316
|
|
|
Series 2007, 5.000%, 4/01/25 – AMBAC Insured
|
|
|
|
19,660
|
|
Total Tax Obligation/Limited
|
|
|
18,901,819
|
|
|
Transportation – 14.1% (9.1% of Total Investments)
|
|
|
|
1,000
|
|
Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International Refunding
|
7/20 at 100.00
|
Aa3
|
1,090,620
|
|
|
Series 2010A, 5.000%, 7/01/39
|
|
|
|
1,935
|
|
Charlotte, North Carolina, Airport Revenue Bonds, Series 2004A, 5.000%, 7/01/34 – NPFG Insured
|
7/14 at 100.00
|
Aa3
|
1,996,688
|
660
|
|
North Carolina State Ports Authority, Port Facilities Revenue Bonds, Senior Lien Series 2010A,
|
2/20 at 100.00
|
A3
|
717,110
|
|
|
5.250%, 2/01/40
|
|
|
|
|
|
North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Series 2009A:
|
|
|
|
90
|
|
5.375%, 1/01/26 – AGC Insured
|
1/19 at 100.00
|
AA–
|
102,438
|
220
|
|
5.500%, 1/01/29 – AGC Insured
|
1/19 at 100.00
|
AA–
|
248,613
|
430
|
|
5.750%, 1/01/39 – AGC Insured
|
1/19 at 100.00
|
AA–
|
482,120
|
|
|
North Carolina Turnpike Authority, Triangle Expressway System Senior Lien Revenue Bonds,
|
|
|
|
|
|
Series 2009B:
|
|
|
|
150
|
|
0.000%, 1/01/31 – AGC Insured
|
No Opt. Call
|
AA–
|
63,387
|
125
|
|
0.000%, 1/01/33 – AGC Insured
|
No Opt. Call
|
AA–
|
47,215
|
50
|
|
0.000%, 1/01/35 – AGC Insured
|
No Opt. Call
|
AA–
|
16,984
|
5,600
|
|
0.000%, 1/01/37 – AGC Insured
|
No Opt. Call
|
AA–
|
1,709,736
|
350
|
|
0.000%, 1/01/38 – AGC Insured
|
No Opt. Call
|
AA–
|
101,105
|
435
|
|
Piedmont Triad Airport Authority, North Carolina, Airport Revenue Bonds, Series 2005A, 5.000%,
|
7/15 at 100.00
|
A–
|
472,819
|
|
|
7/01/20 – SYNCORA GTY Insured
|
|
|
|
1,100
|
|
Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series
|
No Opt. Call
|
Aa3
|
1,215,929
|
|
|
2010A, 5.000%, 5/01/36
|
|
|
|
12,145
|
|
Total Transportation
|
|
|
8,264,764
|
|
|
U.S. Guaranteed – 12.1% (7.8% of Total Investments) (4)
|
|
|
|
30
|
|
Cabarrus County, North Carolina, Certificates of Participation, Series 2002, 5.250%, 2/01/16
|
2/13 at 100.00
|
AA (4)
|
31,397
|
|
|
(Pre-refunded 2/01/13)
|
|
|
|
200
|
|
Charlotte-Mecklenburg Hospital Authority, North Carolina, Healthcare System Revenue Bonds, DBA
|
1/15 at 100.00
|
AA+ (4)
|
226,482
|
|
|
Carolinas Healthcare System, Series 2005A, 5.000%, 1/15/45 (Pre-refunded 1/15/15)
|
|
|
|
|
|
Hartnett County, North Carolina, Certificates of Participation, Series 2002:
|
|
|
|
1,000
|
|
5.250%, 12/01/15 (Pre-refunded 12/01/12) – AGM Insured
|
12/12 at 101.00
|
AA– (4)
|
1,048,500
|
2,025
|
|
5.375%, 12/01/16 (Pre-refunded 12/01/12) – AGM Insured
|
12/12 at 101.00
|
AA– (4)
|
2,125,116
|
500
|
|
North Carolina Medical Care Commission, Revenue Bonds, Northeast Medical Center, Series 2004,
|
11/14 at 100.00
|
Aa3 (4)
|
560,230
|
|
|
5.000%, 11/01/24 (Pre-refunded 11/01/14)
|
|
|
|
|
|
Raleigh, North Carolina, Combined Enterprise System Revenue Bonds, Series 2004:
|
|
|
|
1,000
|
|
5.000%, 3/01/21 (Pre-refunded 3/01/14)
|
3/14 at 100.00
|
AAA
|
1,093,320
|
1,250
|
|
5.000%, 3/01/22 (Pre-refunded 3/01/14)
|
3/14 at 100.00
|
AAA
|
1,366,650
|
130
|
|
University of North Carolina System, Pooled Revenue Bonds, Series 2002B, 5.375%, 4/01/19
|
10/12 at 100.00
|
A+ (4)
|
134,000
|
|
|
(Pre-refunded 10/01/12) – AMBAC Insured
|
|
|
|
505
|
|
University of North Carolina System, Pooled Revenue Refunding Bonds, Series 2002A, 5.375%,
|
10/12 at 100.00
|
N/R (4)
|
520,509
|
|
|
4/01/19 (Pre-refunded 10/01/12) – AMBAC Insured
|
|
|
|
6,640
|
|
Total U.S. Guaranteed
|
|
|
7,106,204
|
|
|
Utilities – 7.2% (4.6% of Total Investments)
|
|
|
|
500
|
|
North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Series 2005,
|
1/16 at 100.00
|
A–
|
566,180
|
|
|
5.250%, 1/01/20 – AMBAC Insured
|
|
|
|
|
|
North Carolina Eastern Municipal Power Agency, Power System Revenue Refunding Bonds,
|
|
|
|
|
|
Series 1993B:
|
|
|
|
745
|
|
5.500%, 1/01/17 – FGIC Insured
|
7/12 at 100.00
|
Baa1
|
747,742
|
15
|
|
5.500%, 1/01/21
|
7/12 at 100.00
|
A–
|
15,040
|
225
|
|
North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding Series
|
1/19 at 100.00
|
A
|
247,874
|
|
|
2009A, 5.000%, 1/01/30
|
|
|
|
2,600
|
|
Wake County Industrial Facilities and Pollution Control Financing Authority, North Carolina,
|
2/13 at 100.50
|
A1
|
2,636,218
|
|
|
Revenue Refunding Bonds, Carolina Power and Light Company, Series 2002, 5.375%, 2/01/17
|
|
|
|
4,085
|
|
Total Utilities
|
|
|
4,213,054
|
|
|
Water and Sewer – 30.7% (19.8% of Total Investments)
|
|
|
|
500
|
|
Brunswick County, North Carolina, Enterprise System Revenue Bonds, Series 2008A, 5.000%,
|
4/18 at 100.00
|
AA–
|
557,175
|
|
|
4/01/31 – AGM Insured
|
|
|
|
500
|
|
Cape Fear Public Utility Authority, North Carolina, Water & Sewer System Revenue Bonds, Series
|
8/18 at 100.00
|
AA
|
563,235
|
|
|
2008, 5.000%, 8/01/35
|
|
|
|
1,520
|
|
Charlotte, North Carolina, Water and Sewerage System Revenue Bonds, Series 2002A,
|
No Opt. Call
|
AAA
|
1,622,478
|
|
|
5.250%, 7/01/13
|
|
|
|
500
|
|
Dare County, North Carolina, Utilities System Revenue Bonds, Series 2011, 5.000%, 2/01/41
|
2/21 at 100.00
|
AA
|
555,620
|
1,000
|
|
Durham County, North Carolina, Enterprise System Revenue Bonds, Series 2002, 5.000%, 6/01/23 –
|
6/13 at 100.00
|
AA
|
1,046,060
|
|
|
NPFG Insured
|
|
|
|
3,050
|
|
Durham, North Carolina, Utility System Revenue Bonds, Refunding Series 2011, 5.000%, 6/01/41
|
6/21 at 100.00
|
AAA
|
3,443,603
|
610
|
|
Oak Island, North Carolina, Enterprise System Revenue Bonds, Series 2008A, 5.000%, 6/01/23 –
|
6/18 at 100.00
|
A2
|
676,148
|
|
|
NPFG Insured
|
|
|
|
700
|
|
Oak Island, North Carolina, Enterprise System Revenue Bonds, Series 2009A, 6.000%, 6/01/34 –
|
6/19 at 100.00
|
AA–
|
802,781
|
|
|
AGC Insured
|
|
|
|
500
|
|
Oak Island, North Carolina, Enterprise System Revenue Bonds, Series 2011, 5.750%, 6/01/36 –
|
6/21 at 100.00
|
AA–
|
575,240
|
|
|
AGC Insured
|
|
|
|
|
|
Raleigh, North Carolina, Combined Enterprise System Revenue Bonds, Series 2006A:
|
|
|
|
3,095
|
|
5.000%, 3/01/31 (UB)
|
3/16 at 100.00
|
AAA
|
3,458,941
|
975
|
|
5.000%, 3/01/36 (UB)
|
3/16 at 100.00
|
AAA
|
1,074,440
|
40
|
|
Raleigh, North Carolina, Combined Enterprise System Revenue Bonds, Series 2006A, Residuals
|
No Opt. Call
|
AAA
|
54,108
|
|
|
Series 11-R-645-2, 13.656%, 3/01/14 (IF)
|
|
|
|
1,000
|
|
Wilmington, North Carolina, Water and Sewer Revenue Bonds, Series 2005, 5.000%, 6/01/25 –
|
6/15 at 100.00
|
AA
|
1,116,500
|
|
|
AGM Insured
|
|
|
|
2,275
|
|
Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2007A, 5.000%,
|
6/17 at 100.00
|
AAA
|
2,484,778
|
|
|
6/01/37 (UB)
|
|
|
|
16,265
|
|
Total Water and Sewer
|
|
|
18,031,107
|
$ 91,590
|
|
Total Investments (cost $84,959,687) – 154.9%
|
|
|
90,922,106
|
|
|
Floating Rate Obligations – (8.2)%
|
|
|
(4,805,000)
|
|
|
MuniFund Term Preferred Shares, at Liquidation Value – (50.6)% (5)
|
|
|
(29,700,000)
|
|
|
Other Assets Less Liabilities – 3.9%
|
|
|
2,276,121
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 58,693,227
|