|
|
|
|
|
|
Portfolio of Investments (Unaudited)
|
|
|
|
|
Nuveen Municipal High Income Opportunity Fund 2 (NMD)
|
|
|
|
|
July 31, 2009
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Alabama 1.9% (1.6% of Total Investments)
|
|
|
|
$ 2,290
|
Birmingham Special Care Facilities Financing Authority, Alabama, Revenue Bonds, Baptist Health
|
11/15 at 100.00
|
Baa2
|
$ 2,094,136
|
|
System Inc., Series 2005A, 5.250%, 11/15/20
|
|
|
|
1,000
|
Phenix City Industrial Development Board, Alabama, Environmental Improvement Revenue Bonds,
|
5/12 at 100.00
|
BBB
|
783,730
|
|
MeadWestvaco Corporation, Series 2002A, 6.350%, 5/15/35 (Alternative Minimum Tax)
|
|
|
|
3,290
|
Total Alabama
|
|
|
2,877,866
|
|
Arizona 7.1% (6.0% of Total Investments)
|
|
|
|
1,000
|
Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, General Obligation
|
7/17 at 100.00
|
N/R
|
694,180
|
|
Bonds, Series 2007, 6.200%, 7/15/32
|
|
|
|
4,000
|
Quechan Indian Tribe of the Fort Yuma Reservation, Arizona, Government Project Bonds, Series
|
12/17 at 102.00
|
N/R
|
2,814,560
|
|
2007, 7.000%, 12/01/27
|
|
|
|
8,325
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Series 2007,
|
No Opt. Call
|
A
|
6,367,210
|
|
5.000%, 12/01/37
|
|
|
|
1,000
|
Yuma County Industrial Development Authority, Arizona, Exempt Revenue Bonds, Far West Water &
|
12/17 at 100.00
|
N/R
|
733,440
|
|
Sewer Inc. Refunding, Series 2007A, 6.375%, 12/01/37 (Alternative Minimum Tax)
|
|
|
|
14,325
|
Total Arizona
|
|
|
10,609,390
|
|
Arkansas 0.0% (0.0% of Total Investments)
|
|
|
|
65
|
Little River County, Arkansas, Revenue Refunding Bonds, Georgia-Pacific Corporation, Series
|
10/09 at 100.00
|
B2
|
47,076
|
|
1998, 5.600%, 10/01/26 (Alternative Minimum Tax)
|
|
|
|
|
California 13.7% (11.5% of Total Investments)
|
|
|
|
2,000
|
California Educational Facilities Authority, Revenue Bonds, Dominican University, Series 2006,
|
12/16 at 100.00
|
Baa3
|
1,448,340
|
|
5.000%, 12/01/36
|
|
|
|
1,020
|
California Housing Finance Agency, California, Home Mortgage Revenue Bonds, Series 2008B,
|
8/17 at 100.00
|
AA
|
852,842
|
|
5.000%, 2/01/28 (Alternative Minimum Tax) (4)
|
|
|
|
1,825
|
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity
|
7/15 at 100.00
|
BBB
|
1,382,054
|
|
Health System, Series 2005A, 5.250%, 7/01/35
|
|
|
|
2,000
|
California Statewide Community Development Authority, Revenue Bonds, St. Joseph Health System,
|
7/18 at 100.00
|
AA
|
1,981,580
|
|
Series 2007C, 5.750%, 7/01/47 FGIC Insured
|
|
|
|
3,150
|
California Statewide Community Development Authority, Revenue Bonds, Sutter Health, Tender
|
11/16 at 100.00
|
Aa3
|
1,681,690
|
|
Option Bond Trust 3046, 12.104%, 11/15/46 (IF)
|
|
|
|
1,350
|
California Statewide Community Development Authority, Revenue Bonds, Sutter Health, Tender
|
11/16 at 100.00
|
Aa3
|
720,725
|
|
Option Bond Trust 3048, 12.830%, 11/15/46 (IF)
|
|
|
|
|
Daly City Housing Development Finance Agency, California, Mobile Home Park Revenue Bonds,
|
|
|
|
|
Franciscan Mobile Home Park Refunding, Series 2007A:
|
|
|
|
2,000
|
5.000%, 12/15/37
|
12/17 at 100.00
|
A
|
1,511,520
|
1,990
|
6.500%, 12/15/47
|
12/17 at 100.00
|
N/R
|
1,467,983
|
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
|
|
|
|
|
Asset-Backed Bonds, Series 2007A-1:
|
|
|
|
3,000
|
5.750%, 6/01/47
|
6/17 at 100.00
|
BBB
|
1,800,450
|
2,500
|
5.125%, 6/01/47
|
6/17 at 100.00
|
BBB
|
1,351,850
|
3,190
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
6/15 at 100.00
|
A
|
659,890
|
|
Revenue Bonds, Series 2005A, Trust 2213, 12.931%, 6/01/45 AMBAC Insured (IF)
|
|
|
|
3,665
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
6/15 at 100.00
|
A
|
1,111,301
|
|
Revenue Bonds, Series 2005A, Trust 2448, 12.944%, 6/01/38 FGIC Insured (IF)
|
|
|
|
5,335
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
6/15 at 100.00
|
A
|
4,405,536
|
|
Revenue Bonds, Series 2005A, 5.000%, 6/01/38 FGIC Insured
|
|
|
|
33,025
|
Total California
|
|
|
20,375,761
|
|
Colorado 8.3% (6.9% of Total Investments)
|
|
|
|
1,500
|
Arista Metropolitan District, Colorado, Special Revenue Bonds, Series 2008, 9.250%, 12/01/37
|
12/15 at 100.00
|
N/R
|
1,200,510
|
500
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Carbon
|
12/16 at 100.00
|
N/R
|
333,890
|
|
Valley Academy, Series 2006, 5.625%, 12/01/36
|
|
|
|
1,520
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Windsor
|
5/17 at 100.00
|
BB+
|
1,007,000
|
|
Academy, Series 2007A, 5.700%, 5/01/37
|
|
|
|
2,000
|
Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Pikes Peak School of
|
6/18 at 102.00
|
N/R
|
1,511,480
|
|
Expeditionary Learning Charter School, Series 2008, 6.625%, 6/01/38
|
|
|
|
1,480
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives,
|
9/16 at 100.00
|
AA
|
1,350,352
|
|
Series 2006A, 5.000%, 9/01/41 (4)
|
|
|
|
5,045
|
Colorado Housing and Finance Authority, Revenue Bonds, Confluence Energy LLC Project, Series
|
4/17 at 100.00
|
N/R
|
3,302,507
|
|
2007, 6.750%, 4/01/27 (Alternative Minimum Tax)
|
|
|
|
1,000
|
Colorado State Higher Education Capital Construction Lease Purchase Financing Program
|
11/18 at 100.00
|
AA
|
1,050,950
|
|
Certificates of Participation, Series 2008, 5.500%, 11/01/27
|
|
|
|
1,000
|
Plaza Metropolitan District 1, Lakewood, Colorado, Tax Increment Revenue Bonds, Series 2003,
|
6/14 at 101.00
|
N/R
|
876,200
|
|
8.000%, 12/01/25
|
|
|
|
1,700
|
Public Authority for Colorado Energy, Natural Gas Revenue Bonds, Colorado Springs Utilities,
|
No Opt. Call
|
A
|
1,645,821
|
|
Series 2008, 6.500%, 11/15/38
|
|
|
|
15,745
|
Total Colorado
|
|
|
12,278,710
|
|
Florida 16.7% (14.0% of Total Investments)
|
|
|
|
1,000
|
Bartram Park Community Development District, Florida, Special Assessment Bonds, Series 2005,
|
5/15 at 101.00
|
N/R
|
691,900
|
|
5.300%, 5/01/35
|
|
|
|
1,000
|
Beeline Community Development District, Palm Beach County, Florida, Special Assessment Bonds,
|
5/18 at 100.00
|
N/R
|
874,590
|
|
Series 2008A, 7.000%, 5/01/37
|
|
|
|
1,000
|
Colonial Country Club Community Development District, Florida, Capital Improvement Revenue
|
5/13 at 101.00
|
A+
|
1,000,680
|
|
Bonds, Series 2003, 6.400%, 5/01/33
|
|
|
|
2,000
|
Escambia County, Florida, Environmental Improvement Revenue Bonds, International Paper Company
|
8/11 at 100.00
|
BBB
|
1,507,540
|
|
Projects, Series 2006B, 5.000%, 8/01/26 (Alternative Minimum Tax)
|
|
|
|
1,320
|
Fishhawk Community Development District II, Florida, Special Assessment Revenue Bonds, Series
|
5/14 at 100.00
|
N/R
|
1,062,349
|
|
2004A, 6.125%, 5/01/34
|
|
|
|
2,000
|
Habitat Community Development District, Florida, Capital Improvement Revenue Bonds, Series
|
No Opt. Call
|
N/R
|
1,404,360
|
|
2004, 5.850%, 5/01/35
|
|
|
|
1,000
|
Martin County Industrial Development Authority, Florida, Industrial Development Revenue Bonds,
|
12/09 at 100.00
|
BB+
|
991,700
|
|
Indiantown Cogeneration LP, Series 1994A, 7.875%, 12/15/25 (Alternative Minimum Tax)
|
|
|
|
2,915
|
Old Palm Community Development District, Florida, Special Assessment Bonds, Palm Beach
|
5/15 at 101.00
|
N/R
|
1,711,571
|
|
Gardens, Series 2004A, 5.900%, 5/01/35
|
|
|
|
1,500
|
Palm Glades Community Development District, Florida, Special Assessment Bond, Series 2008A,
|
5/18 at 100.00
|
N/R
|
1,059,060
|
|
7.125%, 5/01/39
|
|
|
|
980
|
Pine Island Community Development District, Florida, Special Assessment Bonds, Bella Collina,
|
5/12 at 101.00
|
N/R
|
592,606
|
|
Series 2004, 5.750%, 5/01/35
|
|
|
|
1,000
|
Poinciana West Community Development District, Florida, Special Assessment Bonds, Series 2007,
|
5/17 at 100.00
|
N/R
|
718,310
|
|
6.000%, 5/01/37
|
|
|
|
970
|
Reunion West Community Development District, Florida, Special Assessment Bonds, Series 2004,
|
5/12 at 101.00
|
N/R
|
425,267
|
|
6.250%, 5/01/36
|
|
|
|
3,800
|
South Miami Health Facilities Authority, Florida, Revenue Bonds, Baptist Health Systems of
|
8/17 at 100.00
|
AA
|
2,808,466
|
|
South Florida, Trust 1030, 13.150%, 8/15/37 (IF)
|
|
|
|
6,000
|
Split Pine Community Development District, Florida, Special Assessment Bonds, Series 2007A,
|
5/17 at 100.00
|
N/R
|
3,341,640
|
|
5.250%, 5/01/39
|
|
|
|
4,940
|
Stoneybrook Venice Community Development District, Florida, Capital Improvement Revenue Bonds,
|
5/18 at 100.00
|
N/R
|
3,405,241
|
|
Series 2007, 6.750%, 5/01/38
|
|
|
|
3,455
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Series 2006,
|
5/14 at 101.00
|
N/R
|
1,984,310
|
|
5.400%, 5/01/37
|
|
|
|
2,000
|
Westchester Community Development District 1, Florida, Special Assessment Bonds, Series 2003,
|
5/13 at 101.00
|
N/R
|
1,276,640
|
|
6.125%, 5/01/35
|
|
|
|
36,880
|
Total Florida
|
|
|
24,856,230
|
|
Georgia 0.5% (0.4% of Total Investments)
|
|
|
|
165
|
Effingham County Development Authority, Georgia, Solid Waste Disposal Revenue Bonds, Ft. James
|
7/10 at 100.00
|
B
|
134,358
|
|
Project, Series 1998, 5.625%, 7/01/18 (Alternative Minimum Tax) (5)
|
|
|
|
1,000
|
Fulton County Residential Care Facilities Authority, Georgia, Revenue Bonds, Elderly Care,
|
7/17 at 100.00
|
N/R
|
612,630
|
|
Lenbrook Square Project, Series 2006A, 5.125%, 7/01/42
|
|
|
|
1,165
|
Total Georgia
|
|
|
746,988
|
|
Guam 0.5% (0.4% of Total Investments)
|
|
|
|
725
|
Guam Government, General Obligation Bonds, 2009 Series A, 7.000%, 11/15/39
|
No Opt. Call
|
B+
|
727,262
|
|
Illinois 9.9% (8.3% of Total Investments)
|
|
|
|
1,100
|
Hillside, Cook County, Illinois, Senior Lien Tax Increment Revenue Bonds, Mannheim
|
1/18 at 102.00
|
N/R
|
828,652
|
|
Redevelopment Project, Series 2008, 7.000%, 1/01/28
|
|
|
|
5,620
|
Illinois Finance Authority, Charter School Revenue Bonds, Chicago Charter School Foundation,
|
No Opt. Call
|
BBB
|
3,925,177
|
|
Series 2007, 5.000%, 12/01/36
|
|
|
|
1,900
|
Illinois Finance Authority, Revenue Bonds, Provena Health, Series 2009A, 7.750%, 8/15/34
|
8/19 at 100.00
|
BBB+
|
1,914,364
|
1,500
|
Illinois Finance Authority, Revenue Bonds, Roosevelt University, Series 2007, 5.500%, 4/01/37
|
4/17 at 100.00
|
Baa1
|
1,343,625
|
2,000
|
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Series
|
8/19 at 100.00
|
BBB
|
1,928,260
|
|
2009, 6.875%, 8/15/38
|
|
|
|
2,500
|
Lombard Public Facilities Corporation, Illinois, First Tier Conference Center and Hotel
|
1/16 at 100.00
|
B+
|
1,494,300
|
|
Revenue Bonds, Series 2005A-2, 5.500%, 1/01/36 ACA Insured
|
|
|
|
|
Southwestern Illinois Development Authority, Illinois, Saint Clair County Comprehensive Mental
|
|
|
|
|
Health Center, Series 2007:
|
|
|
|
1,295
|
6.200%, 6/01/17
|
No Opt. Call
|
N/R
|
1,151,177
|
2,745
|
6.625%, 6/01/37
|
6/17 at 103.00
|
N/R
|
2,080,463
|
18,660
|
Total Illinois
|
|
|
14,666,018
|
|
Indiana 3.3% (2.8% of Total Investments)
|
|
|
|
3,000
|
Hospital Authority of Delaware County, Indiana, Hospital Revenue Bonds, Cardinal Health
|
8/16 at 100.00
|
Baa3
|
2,140,620
|
|
System, Series 2006, 5.125%, 8/01/29
|
|
|
|
1,600
|
Indiana Bond Bank, Special Program Gas Revenue Bonds, JP Morgan Ventures Energy Corporation
|
No Opt. Call
|
Aa3
|
1,466,128
|
|
Guaranteed, Series 2007A, 14.846%, 10/15/20 (IF)
|
|
|
|
|
Vigo County, Indiana, Hospital Authority, Union Hospital, Revenue Bonds, Series 2007:
|
|
|
|
250
|
5.700%, 9/01/37
|
9/17 at 100.00
|
N/R
|
180,582
|
1,625
|
5.800%, 9/01/47
|
9/17 at 100.00
|
N/R
|
1,149,931
|
6,475
|
Total Indiana
|
|
|
4,937,261
|
|
Louisiana 5.1% (4.3% of Total Investments)
|
|
|
|
3,500
|
Louisiana Local Government Environmental Facilities & Community Development Authority, Revenue
|
11/17 at 100.00
|
BB
|
2,934,470
|
|
Bonds, Westlake Chemical Corporation Project, Series 2007, 6.750%, 11/01/32
|
|
|
|
300
|
Louisiana Local Government Environmental Facilities and Community Development Authority,
|
No Opt. Call
|
N/R
|
291,237
|
|
Revenue Bonds, Capital Projects and Equipment Acquisition Program, Series 2000A, 6.300%,
|
|
|
|
|
7/01/30 AMBAC Insured
|
|
|
|
5,000
|
Louisiana Local Government Environmental Facilities and Community Development Authority,
|
12/17 at 100.00
|
N/R
|
3,524,950
|
|
Revenue Bonds, Southgate Suites Hotel LLC Project, Series 2007A, 6.750%, 12/15/37
|
|
|
|
1,000
|
Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds,
|
5/11 at 101.00
|
BBB
|
802,510
|
|
Series 2001B, 5.875%, 5/15/39
|
|
|
|
9,800
|
Total Louisiana
|
|
|
7,553,167
|
|
Massachusetts 0.5% (0.4% of Total Investments)
|
|
|
|
90
|
Boston Industrial Development Financing Authority, Massachusetts, Senior Revenue Bonds,
|
9/12 at 102.00
|
B3
|
59,949
|
|
Crosstown Center Project, Series 2002, 6.500%, 9/01/35 (Alternative Minimum Tax)
|
|
|
|
1,000
|
Massachusetts Health and Educational Facilities Authority Revenue Bonds, Quincy Medical Center
|
1/18 at 100.00
|
N/R
|
728,010
|
|
Issue, Series A (2008), 6.500%, 1/15/38
|
|
|
|
1,090
|
Total Massachusetts
|
|
|
787,959
|
|
Michigan 1.2% (1.0% of Total Investments)
|
|
|
|
1,000
|
Garden City Hospital Finance Authority, Michigan, Revenue Bonds, Garden City Hospital
|
8/17 at 100.00
|
N/R
|
556,390
|
|
Obligated Group, Series 2007A, 4.875%, 8/15/27
|
|
|
|
1,750
|
Michigan Public Educational Facilities Authority, Charter School Revenue Bonds, American
|
12/17 at 100.00
|
N/R
|
1,258,320
|
|
Montessori Academy, Series 2007, 6.500%, 12/01/37
|
|
|
|
20
|
Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Detroit Medical Center
|
8/09 at 100.00
|
Ba3
|
13,625
|
|
Obligated Group, Series 1998A, 5.250%, 8/15/23
|
|
|
|
2,770
|
Total Michigan
|
|
|
1,828,335
|
|
Minnesota 1.6% (1.3% of Total Investments)
|
|
|
|
3,000
|
St. Paul Housing and Redevelopment Authority, Minnesota, Revenue Bonds, Healtheast Inc.,
|
11/15 at 100.00
|
BB+
|
2,319,570
|
|
Series 2005, 6.000%, 11/15/35
|
|
|
|
|
Missouri 1.6% (1.3% of Total Investments)
|
|
|
|
1,000
|
Missouri Development Finance Board. Infrastructure Facilities Revenue Bonds, City of
|
4/14 at 100.00
|
A+
|
1,005,510
|
|
Independence, Missouri Events Center Project, Series 2009F, 6.250%, 4/01/38
|
|
|
|
40
|
Saint Louis Industrial Development Authority, Missouri, Saint Louis Convention Center
|
12/10 at 102.00
|
Ca
|
7,656
|
|
Headquarters Hotel Project, Series 2000A, 7.000%, 12/15/15 (Alternative Minimum Tax) (6)
|
|
|
|
1,972
|
Saint Louis, Missouri, Tax Increment Financing Revenue Bonds, Fashion Square Redevelopment
|
3/10 at 100.00
|
N/R
|
1,304,123
|
|
Project, Series 2008A, 6.300%, 8/22/26
|
|
|
|
3,012
|
Total Missouri
|
|
|
2,317,289
|
|
Montana 0.4% (0.3% of Total Investments)
|
|
|
|
715
|
Montana Board of Investments, Resource Recovery Revenue Bonds, Yellowstone Energy LP, Series
|
No Opt. Call
|
N/R
|
592,463
|
|
1993, 7.000%, 12/31/19 (Alternative Minimum Tax)
|
|
|
|
|
Nevada 1.4% (1.2% of Total Investments)
|
|
|
|
55
|
Clark County, Nevada, Industrial Development Revenue Bonds, Nevada Power Company, Series
|
1/10 at 100.00
|
BB+
|
46,318
|
|
1995A, 5.600%, 10/01/30 (Alternative Minimum Tax)
|
|
|
|
|
Director of Nevada State Department of Business and Industry, Revenue Bonds, Las Vegas
|
|
|
|
|
Monorail Project, First Tier, Series 2000:
|
|
|
|
1,200
|
5.625%, 1/01/32 AMBAC Insured
|
1/10 at 102.00
|
Caa2
|
240,660
|
1,200
|
5.375%, 1/01/40 AMBAC Insured
|
1/10 at 100.00
|
Caa2
|
240,672
|
|
Sparks Tourism Improvement District 1, Legends at Sparks Marina, Nevada, Senior Sales Tax
|
|
|
|
|
Revenue Bonds Series 2008A:
|
|
|
|
1,000
|
6.500%, 6/15/20
|
6/18 at 100.00
|
Ba2
|
831,480
|
1,000
|
6.750%, 6/15/28
|
6/18 at 100.00
|
Ba2
|
743,190
|
4,455
|
Total Nevada
|
|
|
2,102,320
|
|
New Jersey 5.4% (4.5% of Total Investments)
|
|
|
|
|
New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental
|
|
|
|
|
Airlines Inc., Series 1999:
|
|
|
|
3,000
|
6.250%, 9/15/19 (Alternative Minimum Tax)
|
9/09 at 101.00
|
B
|
2,323,860
|
55
|
6.400%, 9/15/23 (Alternative Minimum Tax)
|
9/09 at 101.00
|
B
|
40,818
|
240
|
6.250%, 9/15/29 (Alternative Minimum Tax)
|
9/09 at 101.00
|
B
|
165,550
|
25
|
New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental
|
11/10 at 101.00
|
B
|
18,766
|
|
Airlines Inc., Series 2000, 7.000%, 11/15/30 (Alternative Minimum Tax)
|
|
|
|
4,700
|
New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters
|
7/18 at 100.00
|
Baa2
|
3,850,851
|
|
University Hospital, Series 2007, 5.750%, 7/01/37
|
|
|
|
1,000
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Josephs
|
No Opt. Call
|
BBB
|
908,190
|
|
Healthcare System Obligated Group Issue, Series 2008, 6.000%, 7/01/18
|
|
|
|
700
|
New Jersey Turnpike Authority, Revenue Bonds, Series 2009E, 5.250%, 1/01/40
|
1/19 at 100.00
|
A+
|
703,584
|
9,720
|
Total New Jersey
|
|
|
8,011,619
|
|
New Mexico 0.2% (0.2% of Total Investments)
|
|
|
|
500
|
Montecito Estates Public Improvement District, New Mexico, Special Levee Revenue Bonds, Series
|
10/17 at 100.00
|
N/R
|
336,020
|
|
2007, 7.000%, 10/01/37
|
|
|
|
|
New York 1.5% (1.2% of Total Investments)
|
|
|
|
1,000
|
New York City Industrial Development Agency, New York, American Airlines-JFK International
|
8/16 at 100.00
|
B
|
790,660
|
|
Airport Special Facility Revenue Bonds, Series 2005, 7.625%, 8/01/25 (Mandatory put 8/01/17)
|
|
|
|
|
(Alternative Minimum Tax)
|
|
|
|
1,030
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
|
7/16 at 101.00
|
N/R
|
806,871
|
|
Needs Facilities Pooled Program, Series 2008A-1, 5.800%, 7/01/23
|
|
|
|
700
|
Seneca Nation of Indians Capital Improvements Authority, New York, Special Obligation Bonds,
|
No Opt. Call
|
BB
|
603,232
|
|
Series 2007A, 5.250%, 12/01/16
|
|
|
|
2,730
|
Total New York
|
|
|
2,200,763
|
|
North Carolina 3.4% (2.8% of Total Investments)
|
|
|
|
1,970
|
Albemarle Hospital Authority, North Carolina, Health Care Facilities Revenue Bonds, Series
|
10/17 at 100.00
|
N/R
|
1,370,411
|
|
2007, 5.250%, 10/01/38
|
|
|
|
1,260
|
Charlotte-Mecklenberg Hospital Authority, North Carolina, Carolinas HealthCare System Revenue
|
1/18 at 100.00
|
AA
|
1,056,863
|
|
Bonds, Series 2008, Trust 1149-3, 12.904%, 1/15/47 (IF)
|
|
|
|
|
North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond,
|
|
|
|
|
Meredith College, Series 2008A:
|
|
|
|
1,740
|
6.000%, 6/01/31
|
6/18 at 100.00
|
BBB
|
1,672,384
|
1,000
|
6.125%, 6/01/35
|
6/18 at 100.00
|
BBB
|
947,280
|
5,970
|
Total North Carolina
|
|
|
5,046,938
|
|
Ohio 3.6% (3.0% of Total Investments)
|
|
|
|
6,845
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
|
6/17 at 100.00
|
BBB
|
3,929,920
|
|
Bonds, Senior Lien, Series 2007A-2, 5.875%, 6/01/47
|
|
|
|
2,000
|
Western Reserve Port Authority, Ohio, Solid Waste Facility Revenue Bonds, Central Waste Inc.,
|
7/17 at 102.00
|
N/R
|
1,462,100
|
|
Series 2007A, 6.350%, 7/01/27 (Alternative Minimum Tax)
|
|
|
|
8,845
|
Total Ohio
|
|
|
5,392,020
|
|
Oklahoma 0.7% (0.6% of Total Investments)
|
|
|
|
165
|
Oklahoma Development Finance Authority, Revenue Bonds, Saint John Health System, Series 2007,
|
2/17 at 100.00
|
A
|
141,722
|
|
5.000%, 2/15/42
|
|
|
|
45
|
Tulsa Municipal Airport Trust, Oklahoma, Revenue Bonds, American Airlines Inc., Series 1995,
|
12/09 at 100.00
|
B
|
32,987
|
|
6.250%, 6/01/20
|
|
|
|
1,000
|
Tulsa Municipal Airport Trust, Oklahoma, Revenue Refunding Bonds, American Airlines Inc.,
|
12/09 at 100.00
|
Caa2
|
823,440
|
|
Series 2004A, 7.750%, 6/01/35 (Mandatory put 12/01/14)
|
|
|
|
1,210
|
Total Oklahoma
|
|
|
998,149
|
|
Oregon 0.1% (0.1% of Total Investments)
|
|
|
|
25
|
Oregon, Economic Development Revenue Bonds, Georgia Pacific Corp., Series 1995CLVII, 6.350%,
|
10/09 at 100.00
|
B
|
19,923
|
|
8/01/25 (Alternative Minimum Tax) (5)
|
|
|
|
125
|
Oregon, Economic Development Revenue Refunding Bonds, Georgia Pacific Corp., Series 1997-183,
|
12/09 at 100.00
|
B2
|
93,265
|
|
5.700%, 12/01/25
|
|
|
|
150
|
Total Oregon
|
|
|
113,188
|
|
Pennsylvania 1.4% (1.2% of Total Investments)
|
|
|
|
1,010
|
Chester County Industrial Development Authority, Pennsylvania, Avon Grove Charter School
|
12/17 at 100.00
|
BB+
|
741,916
|
|
Revenue Bonds, Series 2007A, 6.375%, 12/15/37
|
|
|
|
1,450
|
Lancaster County Hospital Authority, Pennsylvania, Revenue Bonds, Brethren Village Project,
|
7/17 at 100.00
|
N/R
|
1,309,103
|
|
Series 2008A, 6.500%, 7/01/40
|
|
|
|
2,460
|
Total Pennsylvania
|
|
|
2,051,019
|
|
Puerto Rico 0.0% (0.0% of Total Investments)
|
|
|
|
20
|
Puerto Rico Ports Authority, Special Facilities Revenue Bonds, American Airlines Inc., Series
|
12/09 at 100.00
|
CCC+
|
8,045
|
|
1996A, 6.250%, 6/01/26 (Alternative Minimum Tax)
|
|
|
|
|
Rhode Island 0.3% (0.2% of Total Investments)
|
|
|
|
500
|
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,
|
6/12 at 100.00
|
BBB
|
387,425
|
|
Series 2002A, 6.250%, 6/01/42
|
|
|
|
|
South Carolina 2.7% (2.3% of Total Investments)
|
|
|
|
1,100
|
Georgetown County, South Carolina, Environmental Improvement Revenue Bonds, International
|
8/11 at 100.00
|
BBB
|
797,258
|
|
Paper Company, Series 2006A, 5.000%, 8/01/30 (Alternative Minimum Tax)
|
|
|
|
3,477
|
Lancaster County, South Carolina, Special Assessment Bonds, Edgewater II Improvement District,
|
No Opt. Call
|
N/R
|
3,256,211
|
|
Series 2007B, 7.700%, 11/01/17
|
|
|
|
4,577
|
Total South Carolina
|
|
|
4,053,469
|
|
Tennessee 2.5% (2.1% of Total Investments)
|
|
|
|
1,000
|
Sullivan County Health Educational and Housing Facilities Board, Tennessee, Revenue Bonds,
|
3/13 at 100.00
|
N/R
|
648,850
|
|
Wellmont Health System, Refunding Series 200A, 5.440%, 9/01/32
|
|
|
|
|
Sumner County Health, Educational, and Housing Facilities Board, Tennessee, Revenue Refunding
|
|
|
|
|
Bonds, Sumner Regional Health System Inc., Series 2007:
|
|
|
|
1,500
|
5.500%, 11/01/37
|
11/17 at 100.00
|
N/R
|
568,800
|
1,000
|
5.500%, 11/01/46
|
11/17 at 100.00
|
N/R
|
379,200
|
2,761
|
The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006B, 5.625, 9/01/26
|
No Opt. Call
|
N/R
|
2,185,387
|
6,261
|
Total Tennessee
|
|
|
3,782,237
|
|
Texas 12.0% (10.1% of Total Investments)
|
|
|
|
|
Alliance Airport Authority, Texas, Special Facilities Revenue Bonds, American Airlines Inc.,
|
|
|
|
|
Series 2007:
|
|
|
|
1,000
|
5.750%, 12/01/29 (Alternative Minimum Tax)
|
12/10 at 100.00
|
CCC+
|
351,940
|
1,000
|
5.250%, 12/01/29 (Alternative Minimum Tax)
|
12/12 at 100.00
|
CCC+
|
342,000
|
440
|
Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric
|
11/09 at 100.00
|
CCC
|
341,603
|
|
Company, Series 2001C, 5.750%, 5/01/36 (Mandatory put 11/01/11) (Alternative Minimum Tax)
|
|
|
|
2,100
|
Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Tejano Center
|
No Opt. Call
|
BBB
|
2,156,868
|
|
for Community Concerns, Inc.-Raul Yzaguirre School for Success, Refunding Series 2009A,
|
|
|
|
|
8.750%, 2/15/28
|
|
|
|
3,000
|
Danbury Higher Education Authority Inc., Texas, Golden Rule Charter School Revenue Bonds,
|
2/18 at 100.00
|
BB+
|
2,225,190
|
|
Series 2008A, 6.500%, 8/15/38
|
|
|
|
995
|
Hidalgo Willacy Housing Finance Corporation, Texas, Multifamily Housing Revenue Bonds,
|
1/14 at 102.00
|
N/R
|
775,871
|
|
Heritage Square Apartments Project, Series 2003A, 7.000%, 1/01/39
|
|
|
|
1,330
|
La Vernia Higher Education Financing Corporation, Texas, Education Revenue Bonds, Amigos Por
|
2/16 at 100.00
|
N/R
|
989,028
|
|
Vida Friends For Life Public Charter School, Series 2008, 6.375%, 2/15/37
|
|
|
|
335
|
North Texas Thruway Authority, Second Tier System Revenue Refunding Bonds, Series 2008,
|
1/18 at 100.00
|
A3
|
320,984
|
|
5.750%, 1/01/38
|
|
|
|
110
|
Sabine River Authority, Texas, Pollution Control Revenue Bonds, TXU Energy Company LLC
|
No Opt. Call
|
CCC
|
85,401
|
|
Project, Series 2001B, 5.750%, 5/01/30 (Mandatory put 11/01/11) (Alternative Minimum Tax)
|
|
|
|
385
|
Sabine River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric
|
No Opt. Call
|
CCC
|
300,827
|
|
Company, Series 2001A, 5.500%, 5/01/22 (Mandatory put 11/01/11)
|
|
|
|
3,000
|
Sabine River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Energy Company
|
8/13 at 101.00
|
CCC
|
1,341,720
|
|
LLC Project, Series 2003B, 6.150%, 8/01/22
|
|
|
|
4,255
|
Tarrant County Cultural and Educational Facilities Finance Corporation, Texas, Revenue Bonds,
|
2/17 at 100.00
|
AA
|
3,657,726
|
|
Texas Health Resources Project, Trust 1031, 11.951%, 2/15/36 (IF)
|
|
|
|
1,000
|
Texas Public Finance Authority, Charter School Revenue Bonds, School of Excellence Charter
|
12/14 at 100.00
|
BB
|
800,260
|
|
School, Series 2004A, 7.000%, 12/01/34
|
|
|
|
5,000
|
Texas Turnpike Authority, First Tier Revenue Bonds, Central Texas Turnpike System, Series
|
8/12 at 100.00
|
BBB+
|
4,183,350
|
|
2002A, 5.000%, 8/15/42 AMBAC Insured
|
|
|
|
23,950
|
Total Texas
|
|
|
17,872,768
|
|
Utah 3.7% (3.1% of Total Investments)
|
|
|
|
|
Utah State Charter School Finance Authority, Noah Webster Academy Revenue Bonds, Series:
|
|
|
|
500
|
6.250%, 6/15/28
|
6/17 at 100.00
|
N/R
|
397,655
|
1,430
|
6.500%, 6/15/38
|
6/17 at 100.00
|
N/R
|
1,091,319
|
5,500
|
Utah State Charter School Finance Authority, Revenue Bonds, Summit Academy Project, Series
|
12/17 at 100.00
|
BBB
|
4,003,395
|
|
2007A, 5.800%, 6/15/38
|
|
|
|
7,430
|
Total Utah
|
|
|
5,492,369
|
|
Virgin Islands 1.3% (1.1% of Total Investments)
|
|
|
|
1,000
|
Virgin Islands Public Finance Authority, Revenue Bonds, Refinery Project Hovensa LLC, Series
|
1/14 at 100.00
|
BBB
|
962,010
|
|
2003, 6.125%, 7/01/22 (Alternative Minimum Tax)
|
|
|
|
1,000
|
Virgin Islands, Senior Secured Revenue Bonds, Government Refinery Facilities Hovensa LLC
|
1/13 at 100.00
|
BBB
|
994,610
|
|
Coker, Series 2002, 6.500%, 7/01/21 (Alternative Minimum Tax)
|
|
|
|
2,000
|
Total Virgin Islands
|
|
|
1,956,620
|
|
Washington 5.2% (4.4% of Total Investments)
|
|
|
|
4,000
|
Kalispel Indian Tribe, Washington, Priority Distribution Bonds, Series 2008, 6.750%, 1/01/38
|
No Opt. Call
|
N/R
|
2,899,760
|
7,000
|
Washington State Health Care Facilities Authority, Revenue Bonds, Northwest Hospital and
|
No Opt. Call
|
N/R
|
4,814,670
|
|
Medical Center of Seattle, Series 2007, 5.700%, 12/01/32
|
|
|
|
11,000
|
Total Washington
|
|
|
7,714,430
|
|
West Virginia 0.3% (0.3% of Total Investments)
|
|
|
|
740
|
Ohio County Commission, West Virginia, Special District Excise Tax Revenue Bonds, Fort Henry
|
3/16 at 100.00
|
N/R
|
491,567
|
|
Economic Development, Series 2006B, 5.625%, 3/01/36
|
|
|
|
|
Wisconsin 0.2% (0.2% of Total Investments)
|
|
|
|
30
|
Green Bay Redevelopment Authority, Wisconsin, Industrial Development Revenue Bonds, Fort James
|
No Opt. Call
|
N/R
|
24,042
|
|
Project, Series 1999, 5.600%, 5/01/19 (Alternative Minimum Tax)
|
|
|
|
360
|
Nekoosa, Wisconsin, Pollution Control Revenue Bonds, Nekoosa Paper Inc. Project, Series 1999B,
|
No Opt. Call
|
B2
|
321,952
|
|
5.500%, 7/01/15
|
|
|
|
500
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan
|
8/16 at 100.00
|
BBB+
|
|
|
Health, Trust 2113, 14.109%, 8/15/34 (IF) (7)
|
|
|
|
3,250
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan
|
8/16 at 100.00
|
BBB+
|
|
|
Healthcare System, Series 2006, Trust 2187, 14.109%, 8/15/34 (IF) (7)
|
|
|
|
4,140
|
Total Wisconsin
|
|
|
345,994
|
|
Wyoming 1.1% (0.9% of Total Investments)
|
|
|
|
2,000
|
Sweetwater County, Wyoming, Solid Waste Disposal Revenue Bonds, FMC Corporation, Series 2005,
|
12/15 at 100.00
|
BBB
|
1,631,360
|
|
5.600%, 12/01/35 (Alternative Minimum Tax)
|
|
|
|
$ 249,400
|
Total Investments (cost $227,534,231) 119.3%
|
|
|
177,509,665
|
|
Borrowings (23.5)% (8)
|
|
|
(35,000,000)
|
|
Other Assets Less Liabilities 4.2%
|
|
|
6,266,585
|
|
Net Assets Applicable to Common Shares 100%
|
|
|
$ 148,776,250
|