Portfolio of Investments (Unaudited)
|
|||||
Nuveen New York Dividend Advantage Municipal Income Fund (NKO)
|
|||||
December 31, 2012
|
|||||
Principal
|
Optional Call
|
||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Consumer Staples – 2.2% (1.5% of Total Investments)
|
|||||
$ 1,210
|
New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001,
|
3/13 at 100.00
|
A3
|
$ 1,171,885
|
|
5.250%, 6/01/25
|
|||||
915
|
New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, Series 2003,
|
6/13 at 100.00
|
A1
|
910,599
|
|
5.750%, 6/01/33
|
|||||
695
|
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,
|
3/13 at 100.00
|
BBB+
|
695,653
|
|
Series 2002, 5.375%, 5/15/33
|
|||||
2,820
|
Total Consumer Staples
|
2,778,137
|
|||
Education and Civic Organizations – 27.4% (18.5% of Total Investments)
|
|||||
395
|
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of
|
No Opt. Call
|
BBB
|
459,188
|
|
Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured
|
|||||
4,000
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, Mount Sinai School of
|
No Opt. Call
|
A–
|
4,653,840
|
|
Medicine, Series 1994A, 5.150%, 7/01/24 – NPFG Insured
|
|||||
1,280
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, New York Medical College,
|
3/13 at 100.00
|
BBB
|
1,284,096
|
|
Series 1998, 5.000%, 7/01/21 – NPFG Insured
|
|||||
1,000
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
|
7/13 at 100.00
|
Aa2
|
1,024,280
|
|
Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – SYNCORA GTY Insured
|
|||||
140
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
|
7/15 at 100.00
|
Aa2
|
150,672
|
|
Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured
|
|||||
920
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
|
7/16 at 100.00
|
Aa2
|
1,008,274
|
|
Facilities, Series 2006A, 5.000%, 7/01/31 – NPFG Insured
|
|||||
240
|
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A,
|
7/17 at 100.00
|
BBB
|
261,341
|
|
5.000%, 7/01/37 – FGIC Insured
|
|||||
2,000
|
Dormitory Authority of the State of New York, Revenue Bonds, Columbia University, Series 2011A,
|
4/21 at 100.00
|
AAA
|
2,335,680
|
|
5.000%, 10/01/41
|
|||||
580
|
Dormitory Authority of the State of New York, Revenue Bonds, Convent of the Sacred Heart,
|
5/21 at 100.00
|
AA–
|
688,576
|
|
Series 2011, 5.750%, 11/01/40 – AGM Insured
|
|||||
1,000
|
Dormitory Authority of the State of New York, Revenue Bonds, Marymount Manhattan College,
|
7/19 at 100.00
|
Baa2
|
1,073,590
|
|
Series 2009, 5.250%, 7/01/29
|
|||||
3,250
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 1998A,
|
No Opt. Call
|
AA–
|
4,077,905
|
|
6.000%, 7/01/18 – NPFG Insured
|
|||||
330
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2007,
|
7/17 at 100.00
|
AA–
|
365,277
|
|
5.000%, 7/01/32 – AMBAC Insured
|
|||||
3,000
|
Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell
|
7/20 at 100.00
|
Aa1
|
3,449,160
|
|
University, Series 2010A, 5.000%, 7/01/40
|
|||||
510
|
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate
|
No Opt. Call
|
AA+
|
577,534
|
|
University, Tender Option Bond Trust 3127, 13.023%, 1/01/14 – AMBAC Insured (IF)
|
|||||
300
|
New York City Industrial Development Agency, New York, Payment in Lieu of Taxes Revenue Bonds,
|
1/19 at 100.00
|
AA–
|
352,677
|
|
Queens Baseball Stadium Project, Series 2009, 6.125%, 1/01/29 – AGC Insured
|
|||||
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball
|
|||||
Stadium Project, Series 2006:
|
|||||
1,000
|
5.000%, 1/01/36 – AMBAC Insured
|
1/17 at 100.00
|
Ba1
|
1,004,310
|
|
1,060
|
5.000%, 1/01/46 – AMBAC Insured
|
1/17 at 100.00
|
Ba1
|
1,060,763
|
|
885
|
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project
|
3/19 at 100.00
|
AA–
|
1,081,054
|
|
PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured
|
|||||
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium
|
|||||
Project, Series 2006:
|
|||||
395
|
5.000%, 3/01/31 – FGIC Insured
|
9/16 at 100.00
|
BBB
|
415,971
|
|
2,210
|
5.000%, 3/01/36 – NPFG Insured
|
9/16 at 100.00
|
BBB
|
2,305,627
|
|
1,920
|
4.500%, 3/01/39 – FGIC Insured
|
9/16 at 100.00
|
BBB
|
1,949,914
|
|
1,560
|
New York City Trust for Cultural Resources, New York, Revenue Bonds, American Museum of
|
7/14 at 100.00
|
AA
|
1,641,884
|
|
Natural History, Series 2004A, 5.000%, 7/01/36 – NPFG Insured
|
|||||
1,000
|
New York City Trust for Cultural Resources, New York, Revenue Bonds, Whitney Museum of
|
1/21 at 100.00
|
A
|
1,133,330
|
|
American Art, Series 2011, 5.000%, 7/01/31
|
|||||
1,000
|
Tompkins County Development Corporation, New York, Revenue Bonds, Ithaca College, Series 2011,
|
1/21 at 100.00
|
Aa3
|
1,139,520
|
|
5.250%, 7/01/36 – AGM Insured
|
|||||
350
|
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute,
|
9/20 at 100.00
|
A–
|
388,560
|
|
Series 2010A, 5.125%, 9/01/40
|
|||||
30,325
|
Total Education and Civic Organizations
|
33,883,023
|
|||
Financials – 1.5% (1.0% of Total Investments)
|
|||||
1,590
|
Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series
|
No Opt. Call
|
A
|
1,857,422
|
|
2005, 5.250%, 10/01/35
|
|||||
Health Care – 11.2% (7.6% of Total Investments)
|
|||||
1,400
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, St.
|
3/13 at 100.00
|
N/R
|
1,404,508
|
|
Barnabas Hospital, Series 2002A, 5.125%, 2/01/22 – AMBAC Insured
|
|||||
760
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson
|
8/17 at 100.00
|
AA–
|
859,590
|
|
Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – AGM Insured
|
|||||
425
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore
|
2/15 at 100.00
|
BBB
|
449,586
|
|
Hospital, Series 2004, 5.000%, 8/01/33 – FGIC Insured
|
|||||
1,500
|
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical
|
2/15 at 100.00
|
BBB
|
1,612,755
|
|
Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured
|
|||||
3,000
|
Dormitory Authority of the State of New York, North Shore Long Island Jewish Obligated Group
|
5/21 at 100.00
|
A–
|
3,333,000
|
|
Revenue Bonds, Series 2011A, 5.000%, 5/01/41
|
|||||
1,540
|
Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc., Series
|
7/17 at 100.00
|
AA–
|
1,753,660
|
|
2007B, 5.250%, 7/01/27 – AGC Insured
|
|||||
835
|
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian Hospital,
|
8/14 at 100.00
|
AA–
|
901,149
|
|
Series 2004A, 5.250%, 8/15/15 – AGM Insured
|
|||||
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds,
|
|||||
Series 2003A:
|
|||||
1,500
|
5.250%, 2/15/21 – AMBAC Insured
|
2/13 at 100.00
|
Aa3
|
1,507,710
|
|
1,000
|
5.250%, 2/15/22 – AMBAC Insured
|
2/13 at 100.00
|
Aa3
|
1,005,820
|
|
850
|
Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series
|
11/20 at 100.00
|
A3
|
1,007,106
|
|
2010-C2, 6.125%, 11/01/37
|
|||||
12,810
|
Total Health Care
|
13,834,884
|
|||
Housing/Multifamily – 0.9% (0.6% of Total Investments)
|
|||||
1,000
|
Canton Capital Resource Corporation, New York, Student Housing Facility Revenue Bonds, Grasse
|
5/20 at 100.00
|
AA–
|
1,069,850
|
|
River LLC at SUNY Canton Project Series 2010A, 5.000%, 5/01/40
|
|||||
Long-Term Care – 2.4% (1.6% of Total Investments)
|
|||||
510
|
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of
|
2/17 at 103.00
|
AA+
|
558,430
|
|
Westchester Project, Series 2006, 5.200%, 2/15/41
|
|||||
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Willow Towers
|
|||||
Inc., Series 2002:
|
|||||
875
|
5.250%, 2/01/22
|
8/13 at 100.50
|
AA+
|
887,224
|
|
1,500
|
5.400%, 2/01/34
|
8/13 at 100.50
|
AA+
|
1,520,220
|
|
2,885
|
Total Long-Term Care
|
2,965,874
|
|||
Tax Obligation/General – 7.8% (5.3% of Total Investments)
|
|||||
200
|
New York City, New York, General Obligation Bonds, Fiscal 2009 Series E, 5.000%, 8/01/28
|
8/19 at 100.00
|
AA
|
237,990
|
|
1,000
|
New York City, New York, General Obligation Bonds, Fiscal 2012 Series I, 5.000%, 8/01/30
|
8/22 at 100.00
|
AA
|
1,187,930
|
|
525
|
New York City, New York, General Obligation Bonds, Fiscal Series 2006C, 5.000%, 8/01/16 –
|
8/15 at 100.00
|
AA
|
582,850
|
|
AGM Insured
|
|||||
3,800
|
New York City, New York, General Obligation Bonds, Subseries G-1 Fiscal Series 2012,
|
4/22 at 100.00
|
AA
|
4,576,606
|
|
5.000%, 4/01/26
|
|||||
New York City, New York, General Obligation Bonds, 2004E:
|
|||||
1,700
|
5.000%, 11/01/19 – AGM Insured (UB)
|
11/14 at 100.00
|
AA
|
1,838,992
|
|
1,100
|
5.000%, 11/01/20 – AGM Insured (UB)
|
11/14 at 100.00
|
AA
|
1,189,936
|
|
8,325
|
Total Tax Obligation/General
|
9,614,304
|
|||
Tax Obligation/Limited – 65.3% (44.2% of Total Investments)
|
|||||
165
|
Dormitory Authority of the State of New York, 853 Schools Program Insured Revenue Bonds,
|
3/13 at 100.00
|
N/R
|
165,574
|
|
Vanderheyden Hall Inc., Issue 2, Series 1998F, 5.250%, 7/01/18 – AMBAC Insured
|
|||||
5
|
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program,
|
3/13 at 100.00
|
A+
|
5,019
|
|
Series 2002D, 5.250%, 10/01/23 – NPFG Insured
|
|||||
2,000
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General
|
3/21 at 100.00
|
AAA
|
2,286,600
|
|
Purpose Series 2011C, 5.000%, 3/15/41
|
|||||
6,000
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General
|
2/22 at 100.00
|
AAA
|
7,106,398
|
|
Purpose Series 2012D, 5.000%, 2/15/31
|
|||||
10
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series
|
3/15 at 100.00
|
AAA
|
10,954
|
|
2005F, 5.000%, 3/15/21 – AGM Insured
|
|||||
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City
|
|||||
School District, Series 2008A:
|
|||||
590
|
5.750%, 5/01/27 – AGM Insured (UB)
|
5/18 at 100.00
|
AA–
|
701,870
|
|
190
|
5.750%, 5/01/28 – AGM Insured (UB)
|
5/18 at 100.00
|
AA–
|
224,865
|
|
2,485
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo
|
5/17 at 100.00
|
AA–
|
2,877,605
|
|
City School District, Series 2007A, 5.750%, 5/01/28 – AGM Insured (UB)
|
|||||
1,850
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series
|
2/21 at 100.00
|
AA–
|
2,060,142
|
|
2011A, 5.000%, 2/15/47 – AGM Insured
|
|||||
4,760
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%,
|
2/17 at 100.00
|
A
|
5,035,794
|
|
2/15/47 – FGIC Insured
|
|||||
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local
|
|||||
Government Assistance Corporation, Series 2004A:
|
|||||
3,400
|
5.000%, 10/15/25 – NPFG Insured
|
10/14 at 100.00
|
AAA
|
3,660,066
|
|
1,040
|
5.000%, 10/15/26 – NPFG Insured
|
10/14 at 100.00
|
AAA
|
1,113,476
|
|
300
|
5.000%, 10/15/29 – AMBAC Insured
|
10/14 at 100.00
|
AAA
|
320,586
|
|
3,950
|
5.000%, 10/15/32 – AMBAC Insured
|
10/14 at 100.00
|
AAA
|
4,217,415
|
|
2,500
|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
|
1/17 at 100.00
|
AA–
|
2,802,300
|
|
Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
|
|||||
4,235
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012
|
2/22 at 100.00
|
AAA
|
4,883,971
|
|
Series E-1, 5.000%, 2/01/42
|
|||||
2,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012
|
5/22 at 100.00
|
AAA
|
2,311,980
|
|
Series F-1, 5.000%, 5/01/39
|
|||||
5
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series
|
3/13 at 100.00
|
AAA
|
5,021
|
|
2002B, 5.250%, 5/01/16 – NPFG Insured
|
|||||
3,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,
|
11/20 at 100.00
|
AAA
|
3,421,590
|
|
Subordinate Lien Series 2011C, 5.000%, 11/01/39
|
|||||
1,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,
|
2/21 at 100.00
|
AAA
|
1,202,150
|
|
SubSeries 2011D-1, 5.250%, 2/01/30
|
|||||
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A:
|
|||||
5,130
|
5.750%, 4/01/33 – AGM Insured
|
4/21 at 100.00
|
AA+
|
6,214,533
|
|
1,000
|
5.750%, 4/01/41
|
4/21 at 100.00
|
AA–
|
1,193,560
|
|
New York Convention Center Development Corporation, Hotel Fee Revenue Bonds, Tender Option
|
|||||
Bonds Trust 3095:
|
|||||
165
|
13.599%, 11/15/30 – AMBAC Insured (IF) (4)
|
11/15 at 100.00
|
AA+
|
197,622
|
|
140
|
13.585%, 11/15/44 – AMBAC Insured (IF) (4)
|
11/15 at 100.00
|
AA+
|
161,102
|
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General,
|
|||||
Series 2005B:
|
|||||
2,625
|
5.500%, 4/01/20 – AMBAC Insured
|
No Opt. Call
|
AA
|
3,342,675
|
|
500
|
5.000%, 4/01/21 – AMBAC Insured
|
10/15 at 100.00
|
AA
|
556,245
|
|
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and
|
|||||
State Contingency Contract-Backed Bonds, Series 2003A-1:
|
|||||
1,900
|
5.250%, 6/01/20 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
1,937,943
|
|
1,000
|
5.250%, 6/01/22 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
1,019,460
|
|
750
|
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and
|
6/13 at 100.00
|
AA–
|
765,503
|
|
State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21
|
|||||
8,600
|
New York State Urban Development Corporation, Revenue Refunding Bonds, State Facilities,
|
No Opt. Call
|
AA–
|
10,379,942
|
|
Series 1995, 5.700%, 4/01/20 – AGM Insured (UB)
|
|||||
295
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
|
8/20 at 100.00
|
AA–
|
309,721
|
|
2010C, 5.125%, 8/01/42 – AGM Insured
|
|||||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A:
|
|||||
7,500
|
0.000%, 8/01/41 – NPFG Insured
|
No Opt. Call
|
AA–
|
1,503,225
|
|
15,000
|
0.000%, 8/01/44 – NPFG Insured
|
No Opt. Call
|
AA–
|
2,488,050
|
|
17,310
|
0.000%, 8/01/46 – NPFG Insured
|
No Opt. Call
|
AA–
|
2,490,736
|
|
29,215
|
0.000%, 8/01/47 – AMBAC Insured
|
No Opt. Call
|
AA–
|
3,904,293
|
|
130,615
|
Total Tax Obligation/Limited
|
80,877,986
|
|||
Transportation – 8.0% (5.4% of Total Investments)
|
|||||
2,000
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2003A,
|
11/13 at 100.00
|
AA–
|
2,069,480
|
|
5.000%, 11/15/25 – AGM Insured
|
|||||
300
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005A,
|
11/15 at 100.00
|
AA–
|
327,171
|
|
4.750%, 11/15/27 – NPFG Insured
|
|||||
740
|
New York Liberty Development Corporation, Liberty Revenue Bonds, 4 World Trade Center Project,
|
11/21 at 100.00
|
A+
|
831,508
|
|
Series 2011, 5.000%, 11/15/44
|
|||||
315
|
New York State Thruway Authority, General Revenue Bonds, Refunding Series 2007H, 5.000%,
|
1/18 at 100.00
|
A+
|
361,935
|
|
1/01/25 – FGIC Insured
|
|||||
865
|
New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/20 –
|
1/15 at 100.00
|
A+
|
935,593
|
|
AMBAC Insured
|
|||||
350
|
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 –
|
7/15 at 100.00
|
AA–
|
380,625
|
|
AGM Insured (UB)
|
|||||
1,275
|
New York State Thruway Authority, General Revenue Bonds, Series2012I, 5.000%, 1/01/42
|
1/22 at 100.00
|
A+
|
1,427,312
|
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth
|
|||||
Series 2005:
|
|||||
500
|
5.000%, 12/01/19 – AGM Insured
|
6/15 at 101.00
|
AA–
|
557,040
|
|
1,000
|
5.000%, 12/01/28 – SYNCORA GTY Insured
|
6/15 at 101.00
|
AA–
|
1,089,770
|
|
345
|
5.000%, 12/01/31 – SYNCORA GTY Insured
|
6/15 at 101.00
|
AA–
|
373,735
|
|
390
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty
|
8/17 at 100.00
|
AA–
|
564,455
|
|
Eighth Series 2008, Tender Option Bond Trust 2920, 17.424%, 8/15/32 – AGM Insured (IF)
|
|||||
780
|
Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue
|
No Opt. Call
|
A+
|
995,865
|
|
Refunding Bonds, Series 2002E, 5.500%, 11/15/20 – NPFG Insured
|
|||||
8,860
|
Total Transportation
|
9,914,489
|
|||
U.S. Guaranteed – 4.0% (2.7% of Total Investments) (5)
|
|||||
85
|
Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk
|
No Opt. Call
|
Aaa
|
95,645
|
|
County Issue, Series 1986, 7.375%, 7/01/16 (ETM)
|
|||||
1,725
|
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer
|
7/13 at 100.00
|
AA (5)
|
1,765,520
|
|
Center, Series 2003-1, 5.000%, 7/01/21 (Pre-refunded 7/01/13) – NPFG Insured
|
|||||
600
|
Dormitory Authority of the State of New York, Revenue Bonds, South Nassau Communities
|
7/13 at 100.00
|
Baa1 (5)
|
615,594
|
|
Hospital, Series 2003B, 5.500%, 7/01/23 (Pre-refunded 7/01/13)
|
|||||
690
|
Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian
|
8/14 at 100.00
|
AA– (5)
|
740,977
|
|
Hospital Project, Series 2007, 5.000%, 8/15/36 (Pre-refunded 8/15/14) – AGM Insured
|
|||||
150
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series
|
3/15 at 100.00
|
AA– (5)
|
165,020
|
|
2005F, 5.000%, 3/15/21 (Pre-refunded 3/15/15) – AGM Insured
|
|||||
1,000
|
Nassau County Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds, Series
|
11/13 at 100.00
|
AAA
|
1,041,310
|
|
2003A, 5.000%, 11/15/18 (Pre-refunded 11/15/13) – AMBAC Insured
|
|||||
500
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series
|
2/14 at 100.00
|
AAA
|
525,470
|
|
2004C, 5.000%, 2/01/19 (Pre-refunded 2/01/14) – SYNCORA GTY Insured
|
|||||
4,750
|
Total U.S. Guaranteed
|
4,949,536
|
|||
Utilities – 12.5% (8.4% of Total Investments)
|
|||||
95
|
Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34
|
10/22 at 100.00
|
BBB
|
105,966
|
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
|
|||||
1,700
|
5.000%, 12/01/23 – FGIC Insured
|
6/16 at 100.00
|
A
|
1,888,054
|
|
1,300
|
5.000%, 12/01/25 – FGIC Insured
|
6/16 at 100.00
|
A
|
1,438,788
|
|
1,500
|
5.000%, 12/01/26 – AGC Insured
|
6/16 at 100.00
|
AA+
|
1,660,140
|
|
250
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,
|
6/16 at 100.00
|
A
|
272,577
|
|
5.000%, 12/01/35 – CIFG Insured
|
|||||
4,000
|
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A,
|
5/21 at 100.00
|
A
|
4,477,800
|
|
5.000%, 5/01/38
|
|||||
5,000
|
New York State Energy Research and Development Authority, Pollution Control Revenue Refunding
|
3/13 at 100.00
|
A–
|
5,009,500
|
|
Bonds, Niagara Mohawk Power Corporation, Series 1998A, 5.150%, 11/01/25 – AMBAC Insured
|
|||||
575
|
Niagara Area Development Corporation, New York, Solid Waste Disposal Facility Revenue
|
No Opt. Call
|
BB+
|
584,585
|
|
Refunding Bonds, Covanta Energy Project, Series 2012B, 4.000%, 11/01/24
|
|||||
14,420
|
Total Utilities
|
15,437,410
|
|||
Water and Sewer – 4.7% (3.2% of Total Investments)
|
|||||
1,900
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue
|
12/21 at 100.00
|
AA+
|
2,160,490
|
|
Bonds, Second Generation Resolution, Fiscal 2012 Series BB, 5.000%, 6/15/44
|
|||||
1,140
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue
|
6/16 at 100.00
|
AAA
|
1,262,732
|
|
Bonds, Series 2006B, 5.000%, 6/15/36 – NPFG Insured (UB)
|
|||||
2,295
|
Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2005C, 5.000%,
|
6/15 at 100.00
|
AAA
|
2,428,959
|
|
6/01/28 – NPFG Insured
|
|||||
5,335
|
Total Water and Sewer
|
5,852,181
|
|||
$ 223,735
|
Total Investments (cost $171,677,349) – 147.9%
|
183,035,096
|
|||
Floating Rate Obligations – (9.4)%
|
(11,620,000)
|
||||
Variable Rate Demand Preferred Shares, at Liquidation Value – (40.4)% (6)
|
(50,000,000)
|
||||
Other Assets Less Liabilities – 1.9%
|
2,377,707
|
||||
Net Assets Applicable to Common Shares – 100%
|
$ 123,792,803
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Long-Term Investments:
|
||||
Municipal Bonds
|
$ —
|
$183,035,096
|
$ —
|
$183,035,096
|
Gross unrealized:
|
|||
Appreciation
|
$ | 12,247,401 | |
Depreciation
|
(1,603,449 | ) | |
Net unrealized appreciation (depreciation) of investments
|
$ | 10,643,952 |
(1)
|
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares unless otherwise noted.
|
|
(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 Investors 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)
|
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.
|
|
(5)
|
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. Certain bonds backed by U.S. Government or agency securities are regarded as having an implied rating equal to the rating of such securities.
|
|
(6)
|
Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Investments is 27.3%.
|
|
N/R | Not rated. | |
(ETM)
|
Escrowed to maturity.
|
|
(IF)
|
Inverse floating rate investment.
|
|
(UB)
|
Underlying bond of an inverse floating rate trust reflected as a financing transaction.
|
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.
|