|
|
|
|
|
BlackRock Preferred Opportunity Trust
|
|
|
|
Schedule of Investments July 31, 2009 (Unaudited)
|
(Percentages shown are based on Net Assets)
|
Industry
|
Common Stocks
|
|
Shares
|
Value
|
Diversified Financial Services - 1.5%
|
Citigroup, Inc.
|
|
849,999
|
$ 2,694,495
|
|
Total Common Stocks - 1.5%
|
|
|
2,694,495
|
|
Preferred Securities
|
|
|
|
|
|
|
Par
|
|
|
Capital Trusts
|
|
(000)
|
|
Building Products - 0.6%
|
C8 Capital SPV Ltd., 6.64% (a)(b)(c)
|
$ 1,945
|
1,096,183
|
Capital Markets - 2.8%
|
State Street Capital Trust III, 8.25% (c)
|
1,385
|
1,295,113
|
|
State Street Capital Trust IV, 1.63%, 6/01/67 (c)
|
6,725
|
3,785,402
|
|
|
|
|
5,080,515
|
Commercial Banks - 11.6%
|
Bank of Ireland Capital Funding II, LP, 5.57% (a)(b)(c)
|
854
|
315,980
|
|
Bank of Ireland Capital Funding III, LP, 6.11% (a)(b)(c)
|
1,471
|
544,270
|
|
Barclays Bank Plc, 5.93% (a)(b)(c)
|
|
6,885
|
4,406,400
|
|
CBA Capital Trust I, 5.81% (a)(b)
|
|
5,000
|
4,081,050
|
|
FCB/NC Capital Trust I, 8.05%, 3/01/28
|
1,100
|
883,740
|
|
Lloyds TSB Bank Plc, 6.90% (b)
|
|
4,399
|
3,211,270
|
|
NBP Capital Trust III, 7.38% (b)
|
|
2,000
|
1,155,000
|
|
National City Preferred Capital Trust I, 12.00% (b)(c)
|
600
|
633,120
|
|
SMFG Preferred Capital USD 3 Ltd., 9.50% (a)(b)(c)
|
1,725
|
1,843,956
|
Santander Perpetual SA Unipersonal, 6.67%,
|
|
10/29/49 (a)(b)(c)
|
|
625
|
521,951
|
|
SunTrust Preferred Capital I, 5.85% (b)(c)
|
303
|
175,740
|
|
Wells Fargo Capital XIII Series GMTN, 7.70% (b)(c)
|
1,700
|
1,479,000
|
|
Westpac Capital Trust IV, 5.26% (a)(b)(c)
|
3,000
|
2,035,890
|
|
|
|
|
21,287,367
|
Diversified Financial Services - 4.8%
|
JPMorgan Chase Capital XXI Series U, 1.43%,
|
|
|
|
2/02/37 (c)(d)
|
|
7,125
|
4,057,524
|
|
JPMorgan Chase Capital XXV, 6.80%, 10/01/37 (e)
|
5,075
|
4,639,316
|
|
|
|
|
8,696,840
|
Electric Utilities - 1.1%
|
PPL Capital Funding, 6.70%, 3/30/67 (c)
|
2,675
|
2,033,000
|
Insurance - 39.6%
|
AXA SA, 6.38% (a)(b)(c)
|
|
7,150
|
5,005,000
|
|
The Allstate Corp., 6.50%, 5/15/57 (c)
|
6,350
|
5,080,000
|
|
The Allstate Corp. Series B, 6.13%, 5/15/67 (c)
|
5,200
|
4,056,000
|
|
Chubb Corp., 6.38%, 3/29/67 (c)(e)
|
9,025
|
7,310,250
|
|
Genworth Financial, Inc., 6.15%, 11/15/66 (c)
|
1,475
|
700,625
|
|
Liberty Mutual Group, Inc., 7.00%, 3/15/37 (a)(c)
|
5,025
|
3,244,698
|
|
Liberty Mutual Group, Inc., 10.75%, 6/15/88 (a)(c)
|
3,875
|
3,264,687
|
|
Lincoln National Corp., 7.00%, 5/17/66 (c)
|
3,370
|
2,207,350
|
|
Lincoln National Corp., 6.05%, 4/20/67 (c)
|
2,500
|
1,525,000
|
|
MetLife, Inc., 6.40%, 12/15/66
|
|
6,375
|
5,004,375
|
|
Nationwide Life Global Funding I, 6.75%, 5/15/67
|
4,850
|
3,082,646
|
|
Progressive Corp., 6.70%, 6/15/67 (c)
|
5,775
|
4,371,427
|
|
Reinsurance Group of America, 6.75%, 12/15/65 (c)
|
1,300
|
838,421
|
|
Swiss Re Capital I LP, 6.85% (a)(b)(c)
|
9,425
|
5,655,000
|
|
The Travelers Cos., Inc., 6.25%, 3/15/67 (c)(e)
|
11,350
|
9,654,605
|
|
White Mountains Re Group Ltd., 7.51% (a)(b)(c)
|
2,600
|
1,714,544
|
|
|
|
|
|
BlackRock Preferred Opportunity Trust
|
|
|
|
Schedule of Investments July 31, 2009 (Unaudited)
|
(Percentages shown are based on Net Assets)
|
|
|
|
Par
|
|
Industry
|
Capital Trusts
|
|
(000)
|
Value
|
|
ZFS Finance (USA) Trust IV, 5.88%, 5/09/32 (a)(c)
|
$ 650
|
$ 528,288
|
|
ZFS Finance (USA) Trust V, 6.50%, 5/09/67 (a)(c)
|
8,765
|
7,274,950
|
|
Zenith National Insurance Capital Trust I, 8.55%,
|
|
|
|
8/01/28 (a)
|
|
1,800
|
1,683,000
|
|
|
|
|
72,200,866
|
Multi-Utilities - 0.4%
|
Puget Sound Energy, Inc. Series A, 6.97%, 6/01/67 (c)
|
925
|
676,101
|
Oil, Gas & Consumable Fuels - 1.8%
|
TransCanada Pipelines Ltd., 6.35%, 5/15/67 (c)
|
4,325
|
3,373,500
|
|
Total Capital Trusts - 62.7%
|
|
|
114,444,372
|
|
Preferred Stocks
|
|
Shares
|
|
Capital Markets - 0.0%
|
Lehman Brothers Holdings Inc. Series D, 5.67%
|
31,100
|
467
|
Commercial Banks - 10.1%
|
Banesto Holdings, Ltd. Series A, 10.50%
|
30,000
|
660,000
|
|
Barclays Bank Plc, 8.13%
|
|
100,000
|
2,290,000
|
|
First Republic Preferred Capital Corp., 7.25%
|
120,000
|
2,310,000
|
|
HSBC USA, Inc. Series H, 6.50%
|
|
330,000
|
7,365,600
|
|
Royal Bank of Scotland Group Plc Series M, 6.40%
|
10,000
|
133,400
|
|
Santander Finance Preferred SA Unipersonal, 6.80%
|
50,000
|
1,175,000
|
|
Union Planter Preferred Funding Corp., 7.75%
|
60
|
4,460,625
|
|
|
|
|
18,394,625
|
Diversified Financial Services - 1.9%
|
JPMorgan Chase & Co. Series E, 6.15%
|
75,000
|
3,483,750
|
Electric Utilities - 0.6%
|
Alabama Power Co., 6.50%
|
|
50,000
|
1,130,000
|
Insurance - 17.6%
|
Arch Capital Group Ltd. Series A, 8.00%
|
117,414
|
2,753,358
|
|
Aspen Insurance Holdings Ltd., 7.40% (c)
|
115,000
|
2,093,000
|
|
Endurance Specialty Holdings Ltd. Series A, 7.75%
|
172,400
|
3,525,580
|
|
MetLife, Inc. Series B, 6.50%
|
|
314,500
|
7,202,050
|
|
PartnerRe Ltd. Series C, 6.75%
|
|
209,400
|
4,774,320
|
|
Prudential Plc, 6.50%
|
|
62,000
|
1,317,500
|
|
Prudential Plc, 6.50% (b)
|
|
6,000
|
4,515,000
|
|
RenaissanceRe Holding Ltd. Series D, 6.60%
|
210,000
|
4,414,200
|
|
Zurich RegCaPS Funding Trust, 6.58% (a)(c)(f)
|
2,000
|
1,458,125
|
|
|
|
|
32,053,133
|
Media - 0.0%
|
CMP Susquehanna Radio Holdings Corp., 0% (a)(c)(f)
|
2,052
|
-
|
Real Estate Investment Trusts
|
BRE Properties, Inc. Series D, 6.75%
|
20,000
|
372,600
|
(REITs) - 2.5%
|
Public Storage Series F, 6.45%
|
|
20,000
|
412,000
|
|
Public Storage Series M, 6.63%
|
|
35,000
|
753,200
|
|
SunTrust Real Estate Investment Trust, 9.00%
|
30
|
3,027,189
|
|
|
|
|
4,564,989
|
|
Total Preferred Stocks - 32.7%
|
|
|
59,626,964
|
|
|
|
Par
|
|
|
Trust Preferreds
|
|
(000)
|
|
Capital Markets - 1.2%
|
Structured Asset Trust Unit Repackagings (SATURNS),
|
|
|
|
Credit Suisse First Boston (USA), Inc. Debenture
|
|
|
|
Backed Series 2003-13, 6.25%, 7/15/32
|
$ 278
|
237,754
|
|
Structured Asset Trust Unit Repackagings (SATURNS),
|
|
|
|
Goldman Sachs Group, Inc. Debenture Backed Series
|
|
|
|
2003-06, 6.00%, 2/15/33
|
|
2,573
|
2,005,493
|
|
|
|
|
2,243,247
|
Commercial Banks - 2.1%
|
Mizuho Capital Investment 1 Ltd., 6.69% (a)(b)(c)
|
5,000
|
3,796,655
|
|
|
|
|
|
BlackRock Preferred Opportunity Trust
|
|
|
|
Schedule of Investments July 31, 2009 (Unaudited)
|
(Percentages shown are based on Net Assets)
|
|
|
|
Par
|
|
Industry
|
Trust Preferreds
|
|
(000)
|
Value
|
Diversified Financial Services - 0.9%
|
ING Groep NV, 7.20% (b)
|
|
$ 1,750 $
|
1,388,123
|
|
PPLUS Trust Certificates Series VAL-1 Class A, 7.25%,
|
|
|
|
4/15/32
|
|
278
|
243,481
|
|
|
|
|
1,631,604
|
Food Products - 1.3%
|
Corporate-Backed Trust Certificates, Kraft Foods, Inc.
|
|
|
|
Debenture Backed Series 2003-11, 5.88%, 11/01/31
|
2,500
|
2,301,483
|
Insurance - 1.1%
|
Everest Re Capital Trust, 6.20%, 3/29/34
|
750
|
637,104
|
|
Financial Security Assurance Holdings Ltd., 5.60%,
|
|
|
|
7/15/03
|
|
380
|
166,101
|
|
The Phoenix Cos., Inc., 7.45%, 1/15/32
|
1,985
|
1,209,338
|
|
|
|
|
2,012,543
|
Media - 6.6%
|
Comcast Corp., 7.00%, 9/15/55
|
|
1,250
|
1,195,825
|
|
Comcast Corp., 6.63%, 5/15/56
|
|
11,750
|
10,777,100
|
|
Corporate-Backed Trust Certificates, News America
|
|
|
|
Debenture Backed Series 2002-9, 8.13%, 12/01/45
|
180
|
159,562
|
|
|
|
|
12,132,487
|
Oil, Gas & Consumable Fuels - 1.7%
|
Nexen, Inc., 7.35%, 11/01/43
|
|
3,875
|
3,214,702
|
Wireless Telecommunication Services -
Structured Repackaged Asset-Backed Trust Securities,
|
|
|
0.8%
|
Sprint Capital Corp. Debenture Backed Series 2004-2,
|
|
|
|
6.50%, 11/15/28
|
|
2,586
|
1,411,605
|
|
Total Trust Preferreds - 15.7%
|
|
|
28,744,326
|
|
Total Preferred Securities - 111.1%
|
|
202,815,662
|
|
Warrants (g)
|
|
Shares
|
|
Media - 0.0%
|
CMP Susquemanna Radio Holdings Corp. (expires
|
|
|
|
3/26/19) (a)
|
|
2,345
|
-
|
|
Total Warrants - 0.0%
|
|
|
-
|
|
Investment Companies
|
|
|
|
|
Ultra Short Real Estate ProShares
|
|
60,000
|
921,000
|
|
Total Investment Companies - 0.5%
|
|
921,000
|
|
|
|
Par
|
|
|
Corporate Bonds
|
|
(000)
|
|
Commercial Banks - 0.3%
|
RESPARCS Funding LP I, 8.00% (b)
|
|
4,000
|
600,000
|
Containers & Packaging - 0.1%
|
Impress Holdings BV, 3.63%, 9/15/13 (a)(c)
|
240
|
213,600
|
Diversified Telecommunication
|
Qwest Corp., 3.88%, 6/15/13 (c)
|
|
460
|
432,400
|
Services - 0.2%
|
|
|
|
|
Hotels, Restaurants & Leisure - 0.0%
|
Greektown Holdings, LLC, 10.75%, 12/01/13 (a)(f)(h)
|
362
|
54,300
|
Insurance - 4.2%
|
Kingsway America, Inc., 7.50%, 2/01/14
|
9,000
|
4,365,000
|
|
QBE Insurance Group Ltd., 9.75%, 3/14/14 (a)
|
2,975
|
3,230,264
|
|
|
|
|
7,595,264
|
Machinery - 0.2%
|
AGY Holding Corp., 11.00%, 11/15/14
|
460
|
370,300
|
Media - 1.9%
|
CMP Susquehanna Corp., 4.75%, 5/15/14 (a)
|
9
|
180
|
|
Comcast Holdings Corp., 2.00%, 11/15/29 (i)
|
110
|
3,219,673
|
|
Local Insight Regatta Holdings, Inc., 11.00%, 12/01/17
|
902
|
252,560
|
|
|
|
|
3,472,413
|
|
|
|
|
|
|
BlackRock Preferred Opportunity Trust
|
|
|
|
|
Schedule of Investments July 31, 2009 (Unaudited)
|
(Percentages shown are based on Net Assets)
|
|
|
|
|
Par
|
|
Industry
|
Corporate Bonds
|
|
(000)
|
Value
|
Metals & Mining - 0.1%
|
Freeport-McMoRan Copper & Gold, Inc., 4.99%,
|
|
|
|
4/01/15 (c)
|
|
|
$ 170 $
|
163,516
|
Oil, Gas & Consumable Fuels - 0.1%
|
EXCO Resources, Inc., 7.25%, 1/15/11
|
|
75
|
73,500
|
Paper & Forest Products - 0.5%
|
International Paper Co., 8.70%, 6/15/38
|
|
900
|
941,103
|
Professional Services - 0.1%
|
FTI Consulting, Inc., 7.75%, 10/01/16
|
|
100
|
99,250
|
Specialty Retail - 0.0%
|
Lazy Days' R.V. Center, Inc., 11.75%, 5/15/12 (f)(h)
|
1,182
|
11,820
|
|
Total Corporate Bonds - 7.7%
|
|
|
14,027,466
|
|
Total Long-Term Investments
|
|
|
|
|
(Cost - $286,130,136) - 120.8%
|
|
|
220,458,623
|
|
Short-Term Securities
|
|
Shares
|
|
|
BlackRock Liquidity Funds, TempFund, 0.29% (j)(k)
|
42,761,000
|
42,761,000
|
|
Total Short-Term Securities
|
|
|
|
|
(Cost - $42,761,000) - 23.4%
|
|
|
42,761,000
|
|
Total Investments
|
|
|
|
|
(Cost - $328,891,136*) - 144.2%
|
|
|
263,219,623
|
|
Liabilities in Excess of Other Assets - (5.6)%
|
|
(10,284,199)
|
|
Preferred Shares, at Redemption Value - (38.6)%
|
|
(70,428,897)
|
|
Net Assets Applicable to Common Shares - 100.0%
|
$ 182,506,527
|
* The cost and unrealized appreciation (depreciation) of investments as of July 31, 2009, as computed for
|
federal income tax purposes, were as follows:
|
|
|
|
|
Aggregate cost
|
$ 327,908,657
|
|
|
|
Gross unrealized appreciation
|
$ 2,501,480
|
|
|
|
Gross unrealized depreciation
|
|
(67,190,514)
|
|
|
|
Net unrealized depreciation
|
$ (64,689,034)
|
|
|
|
(a) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in
|
transactions exempt from registration to qualified institutional investors.
|
|
|
|
(b) Security is perpetual in nature and has no stated maturity date. In certain instances, a final maturity date may be
|
extended and/or the final payment may be deferred at the issuer's option for a specified time without
default.
|
(c) Variable rate security. Rate shown is as of report date.
|
|
|
|
(d) All or a portion of security has been pledged as collateral in connection with open financial futures contracts.
|
(e) All or a portion of security held as collateral in connection with open reverse repurchase agreements.
|
|
(f) Non-income producing security.
|
|
|
|
|
|
(g) Warrants entitle the Trust to purchase a predetermined number of shares of common stock and are non-income
|
producing. The purchase price and number of shares are subject to adjustment under certain conditions until
the
|
expiration date.
|
|
|
|
|
|
(h) Issuer filed for bankruptcy and/or is in default of interest payments.
|
|
|
|
(i) Convertible security.
|
|
|
|
|
|
(j) Investments in companies considered to be an affiliate of the Trust, for purposes of Section 2(a)(3) of the
|
Investment Company Act of 1940, were as follows:
|
|
|
|
Affiliate
|
|
Net Activity
|
Income
|
|
|
BlackRock Liquidity Funds, TempFund
|
42,761,000
|
$ 100,919
|
|
|
(k) Represents the current yield as of report date.
|
|
|
|
|
|
4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BlackRock Preferred Opportunity Trust
|
|
|
|
|
|
|
|
Schedule of Investments July 31, 2009 (Unaudited)
|
|
|
|
|
|
|
|
For Trust compliance purposes, the Trust's industry
classifications refer to any one or more of the industry sub-
|
classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined
by
|
Trust management. This definition may not apply for purposes of this report, which may combine industry
sub-
|
classifications for reporting ease.
|
|
|
|
|
|
|
|
Financial futures contracts purchased as of July 31, 2009 were as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized
|
Contracts
|
|
Issue
|
|
Expiration Date
|
|
Face Value
|
|
Appreciation
|
15
|
20-Year U.S. Treasury Notes
|
September 2009
|
$ 1,751,635 $
|
33,365
|
Credit default swaps on single-name issues - buy protection
outstanding as of July 31, 2009 were as follows:
|
|
|
Pay
|
|
|
|
|
|
|
|
|
|
|
Fixed
|
|
|
|
Notional Amount
|
Unrealized
|
Issuer
|
|
Rate
|
Counterparty
|
Expiration
|
|
(000)
|
|
Depreciation
|
Altria Group, Inc.
|
1.03%
|
Deutsche Bank AG
|
December 2013
|
|
$4,000
|
|
$ (67,155)
|
Nordstrom Inc.
|
5.20%
|
Deutsche Bank AG
|
June 2014
|
|
$1,000
|
|
|
(157,696)
|
Total
|
|
|
|
|
|
|
|
|
$ (224,851)
|
Credit default swaps on single-name issues - sold protection
outstanding as of July 31, 2009 were as follows:
|
|
|
Receive
|
|
|
|
|
Notional
|
|
|
|
Fixed
|
|
|
|
|
Credit
|
Amount
|
Unrealized
|
Issuer
|
|
Rate
|
Counterparty
|
Expiration
|
|
Rating
1
|
(000)
2
|
Appreciation
|
Philip Morris
|
|
|
|
|
|
|
|
|
|
|
International,
|
|
|
|
|
|
|
|
|
|
Inc.
|
|
1.73%
|
Deutsche Bank AG
|
December 2013
|
|
A
|
$4,000
|
$ 116,905
|
1
Using the Standard and Poor's ratings of the issuer.
|
|
|
|
|
|
|
2
The maximum potential amount the Trust may pay should a negative credit event take place as
defined
|
under the terms of the agreement.
|
|
|
|
|
|
|
|
Reverse repurchase agreements outstanding as of July 31, 2009 were
as follows:
|
|
|
|
|
|
Interest
|
|
Maturity
|
|
Net Closing
|
|
|
|
Counterparty
|
Rate
|
Trade Date
|
Date
|
|
Amount
|
Face Amount
|
Barclays Bank Plc
|
1.29%
|
7/14/09
|
8/17/09
|
$ 11,976,796 $
|
|
11,962,650
|
|
|
|
|
5
|
|
|
|
|
|
|
|
|
|
BlackRock Preferred Opportunity Trust
|
|
Schedule of Investments July 31, 2009 (Unaudited)
|
|
Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, "Fair Value
|
|
Measurements" clarifies the definition of fair value, establishes a framework for measuring fair values and
|
|
requires additional disclosures about the use of fair value measurements. Various inputs are used in
|
|
determining the fair value of investments, which are as follows:
|
|
Level 1 - price quotations in active markets/exchanges for identical securities
|
|
Level 2 - other observable inputs (including, but not limited to: quoted prices for similar assets or
|
|
liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in
|
|
markets that are not active, inputs other than quoted prices that are observable for the assets or
|
|
liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities,
|
|
credit risks and default rates) or other market-corroborated inputs)
|
|
Level 3 - unobservable inputs based on the best information available in the circumstances, to the
|
|
extent observable inputs are not available (including the Trust's own assumptions used in
|
|
determining the fair value of investments)
|
|
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated
|
|
with investing in those securities. For information about the Trust's policy regarding valuation of investments
|
|
and other significant accounting policies, please refer to the Trust's most recent financial statements as
|
|
contained in it's semi-annual report.
|
|
|
The following table summarizes the inputs used as of July 31, 2009 in determining the fair valuation of the
|
|
Trust's investments:
|
|
|
Valuation
|
Investments in
|
|
Inputs
|
Securities
|
|
|
Assets
|
|
Level 1
|
|
|
Long-Term Investments
|
|
|
Common Stock
|
$ 2,694,495
|
|
Investment Companies
|
921,000
|
|
Preferred Stocks
|
45,506,025
|
|
Trust Preferreds
|
24,947,671
|
|
Short-Term Securities
|
42,761,000
|
|
Total Level 1
|
116,830,191
|
|
Level 2
|
|
|
Long-Term Investments
|
|
|
Capital Trusts
|
111,417,183
|
|
Corporate Bonds
|
14,015,466
|
|
Preferred Stocks
|
14,120,939
|
|
Trust Preferreds
|
3,796,655
|
|
Total Level 2
|
143,350,243
|
|
Level 3
|
|
|
Long-Term Investments
|
|
|
Capital Trusts
|
3,027,189
|
|
Corporate Bonds
|
12,000
|
|
Total Level 3
|
3,039,189
|
|
Total
|
$ 263,219,623
|
|
|
6
|
|
|
|
|
|
BlackRock Preferred Opportunity Trust
|
|
|
|
Schedule of Investments July 31, 2009 (Unaudited)
|
|
|
|
Valuation
|
Other Financial
|
|
|
Inputs
|
Instruments
1
|
|
|
|
Assets
|
Liabilities
|
|
|
Level 1
|
$ 33,365
|
-
|
|
|
Level 2
|
-
|
$ (12,187,501)
|
|
|
Level 3
|
116,905
|
-
|
|
|
Total
|
$ 150,270
|
$ (12,187,501)
|
|
|
1
Other financial instruments are swaps, futures and reverse repurchase agreements.
|
Swaps and futures are valued at the unrealized appreciation/depreciation on the
|
instrument. Reverse repurchase agreements are shown at
market value.
|
|
The following is a reconciliation of investments for unobservable inputs (Level 3) used in determining fair
|
value:
|
|
|
|
|
|
Preferred
|
Corporate
|
|
|
|
Stocks
|
Bonds
|
|
Total
|
Balance, as of October 31, 2008
|
-
|
-
|
|
-
|
Accrued discounts/premiums
|
-
|
-
|
|
-
|
Realized gain (loss)
|
-
|
-
|
|
-
|
Change in unrealized
|
|
|
|
|
appreciation/depreciation
|
-
|
-
|
|
-
|
Net sales
|
-
|
-
|
|
-
|
Net transfers in
|
$ 3,027,189
|
$ 12,000
|
$ 3,039,189
|
Balance, as of July 31, 2009
|
$ 3,027,189
|
$ 12,000
|
$ 3,039,189
|
|
Other Financial
|
|
|
|
|
Instruments
2
|
|
|
|
|
Assets
|
|
|
|
Balance, as of October 31, 2008
|
-
|
|
|
|
Accrued discounts/premiums
|
-
|
|
|
|
Realized gain (loss)
|
-
|
|
|
|
Change in unrealized
|
|
|
|
|
appreciation/depreciation
|
-
|
|
|
|
Net purchases (sales)
|
-
|
|
|
|
Net transfers in
|
$ 116,905
|
|
|
|
Balance, as of July 31, 2009
|
$ 116,905
|
|
|
|
2
Other financial instruments are swaps which are shown at the
unrealized
|
|
|
appreciation/depreciation on the instrument.
|
|
|
|
|
7
|
|
|
|