Unassociated Document



 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 
Investment Company Act file number 811-21211
 
Nuveen New York AMT-Free Municipal Income Fund
(Exact name of registrant as specified in charter)
 
Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         
(Address of principal executive offices) (Zip code)
 

Kevin J. McCarthy
Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         
(Name and address of agent for service)
 
Registrant's telephone number, including area code:         312-917-7700        
 
Date of fiscal year end:            9/30          
 
Date of reporting period:         6/30/13         
 
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
 
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 
 
 
 
 
Item 1. Schedule of Investments
 
 

 
           
   
Portfolio of Investments (Unaudited)
      
 
   
   Nuveen New York AMT-Free Municipal Income Fund (NRK)
      
   
   June 30, 2013
      
 
 
 
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
Consumer Staples – 2.5% (1.6% of Total Investments)
      
$    1,015
  
New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001,
12/13 at 100.00
A3
$     973,273
   
5.250%, 6/01/25
      
1,810
  
New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, Series 2003,
9/13 at 100.00
A1
1,811,140
   
5.750%, 6/01/33
      
860
  
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,
9/13 at 100.00
BBB+
852,475
   
Series 2002, 5.375%, 5/15/33
      
32,925
  
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006, 5.125%, 6/01/42
6/16 at 100.00
B+
26,671,884
36,610
  
Total Consumer Staples
    
30,308,772
   
Education and Civic Organizations – 26.5% (16.8% of Total Investments)
      
   
Build NYC Resource Corporation, New York, Revenue Bonds, Bronx Charter School for Excellence,
      
   
Series 2013A:
      
250
  
5.000%, 4/01/33
4/23 at 100.00
BBB–
249,670
1,275
  
5.500%, 4/01/43
4/23 at 100.00
BBB–
1,298,078
1,260
  
Dormitory Authority of the State of New York, 853 Schools Program Insured Revenue Bonds, St.
1/14 at 100.00
N/R
1,264,775
   
Anne Institute, Issue 2, Series 1998E, 5.000%, 7/01/18 – AMBAC Insured
      
   
Dormitory Authority of the State of New York, General Revenue Bonds, New York University,
      
   
Series 2001-1:
      
1,500
  
5.500%, 7/01/24 – AMBAC Insured
No Opt. Call
AA–
1,840,665
4,000
  
5.500%, 7/01/40 – AMBAC Insured
No Opt. Call
AA–
4,601,040
9,400
  
Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University,
7/17 at 100.00
A
10,222,970
   
Series 2007A, 5.250%, 7/01/32 – NPFG Insured
      
4,265
  
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of
No Opt. Call
A
4,335,842
   
Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured
      
6,000
  
Dormitory Authority of the State of New York, Insured Revenue Bonds, Mount Sinai School of
No Opt. Call
A
6,565,860
   
Medicine, Series 1994A, 5.150%, 7/01/24 – NPFG Insured
      
7,780
  
Dormitory Authority of the State of New York, Insured Revenue Bonds, New York Medical College,
1/14 at 100.00
A
7,803,496
   
Series 1998, 5.000%, 7/01/21 – NPFG Insured
      
6,660
  
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
7/15 at 100.00
Aa2
6,955,105
   
Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured
      
10,000
  
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
7/16 at 100.00
Aa2
10,659,700
   
Facilities, Series 2006A, 5.000%, 7/01/31 – NPFG Insured
      
6,215
  
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
7/19 at 100.00
Aa2
6,533,830
   
Facilities, Series 2009A, 5.000%, 7/01/39
      
7,500
  
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
7/21 at 100.00
Aa2
7,806,075
   
Facilities, Series 2011A, 5.000%, 7/01/41
      
1,000
  
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
7/22 at 100.00
Aa2
1,051,060
   
Facilities, Series 2012A, 5.000%, 7/01/42
      
   
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A:
      
2,000
  
5.000%, 7/01/25 – FGIC Insured
7/17 at 100.00
A
2,120,960
2,525
  
5.000%, 7/01/37 – FGIC Insured
7/17 at 100.00
A
2,599,361
1,150
  
Dormitory Authority of the State of New York, Revenue Bonds, Canisius College, Series 2005,
7/15 at 100.00
Baa1
1,176,117
   
5.000%, 7/01/21 – NPFG Insured
      
19,180
  
Dormitory Authority of the State of New York, Revenue Bonds, Columbia University, Series
4/21 at 100.00
AAA
20,606,225
   
2011A, 5.000%, 10/01/41
      
   
Dormitory Authority of the State of New York, Revenue Bonds, Convent of the Sacred Heart,
      
   
Series 2011:
      
1,000
  
5.625%, 11/01/35 – AGM Insured
5/21 at 100.00
AA–
1,090,820
5,980
  
5.750%, 11/01/40 – AGM Insured
5/21 at 100.00
AA–
6,572,498
3,000
  
Dormitory Authority of the State of New York, Revenue Bonds, Fordham University, Series 2008B,
7/18 at 100.00
A2
3,153,840
   
5.000%, 7/01/38 – AGC Insured
      
1,000
  
Dormitory Authority of the State of New York, Revenue Bonds, Marymount Manhattan College,
7/19 at 100.00
Baa2
1,015,940
   
Series 2009, 5.250%, 7/01/29
      
875
  
Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series
7/20 at 100.00
A–
939,059
   
2010, 5.250%, 7/01/30
      
3,250
  
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series
No Opt. Call
AA–
3,940,040
   
1998A, 6.000%, 7/01/18 – NPFG Insured
      
3,415
  
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2007,
7/17 at 100.00
AA–
3,631,033
   
5.000%, 7/01/32 – AMBAC Insured
      
   
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2009A:
      
10,000
  
5.250%, 7/01/34
7/19 at 100.00
AA–
11,102,100
3,890
  
5.000%, 7/01/39
7/19 at 100.00
AA–
4,130,908
13,500
  
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series
7/19 at 100.00
AA–
14,336,055
   
2009B, 5.000%, 7/01/39
      
3,115
  
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series
7/22 at 100.00
AA–
3,326,789
   
2012A, 5.000%, 7/01/32
      
2,800
  
Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell
7/20 at 100.00
Aa1
3,019,324
   
University, Series 2008C, 5.000%, 7/01/37
      
   
Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell
      
   
University, Series 2010A:
      
5,000
  
5.000%, 7/01/35
7/20 at 100.00
Aa1
5,410,850
14,795
  
5.000%, 7/01/40
7/20 at 100.00
Aa1
15,897,228
   
Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of
      
   
Technology, Series 2006A:
      
2,500
  
5.250%, 7/01/20 – AMBAC Insured
No Opt. Call
A1
2,950,050
2,000
  
5.250%, 7/01/21 – AMBAC Insured
No Opt. Call
A1
2,358,820
1,250
  
Dormitory Authority of the State of New York, Revenue Bonds, University of Rochester,
No Opt. Call
AA–
1,341,138
   
Refunding Series 2009A, 5.125%, 7/01/39
      
6,435
  
Dormitory Authority of the State of New York, State and Local Appropriation Lease Bonds,
7/15 at 100.00
AA–
6,867,754
   
Upstate Community Colleges, Series 2005A, 5.000%, 7/01/19 – FGIC Insured
      
1,000
  
Dutchess County Local Development Corporation, New York, Revenue Bonds, Marist College
7/23 at 100.00
A2
1,042,390
   
Project, Series 2013A, 5.000%, 7/01/39
      
5,520
  
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate
No Opt. Call
AA+
5,781,262
   
University, Tender Option Bond Trust 3127, 13.065%, 1/01/14 – AMBAC Insured (IF)
      
7,250
  
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Horace
1/14 at 100.00
A
7,267,908
   
Mann School, Series 1998, 5.000%, 7/01/28 – NPFG Insured
      
4,775
  
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Trinity
12/13 at 100.00
A
4,787,797
   
Episcopal School, Series 1997, 5.250%, 6/15/27 – NPFG Insured
      
3,155
  
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Vaughn
12/16 at 100.00
BB+
3,144,809
   
College of Aeronautics, Series 2006A, 5.000%, 12/01/28
      
   
New York City Industrial Development Agency, New York, Payment in Lieu of Taxes Revenue Bonds,
      
   
Queens Baseball Stadium Project, Series 2009:
      
1,000
  
6.125%, 1/01/29 – AGC Insured
1/19 at 100.00
AA–
1,107,830
1,000
  
6.375%, 1/01/39 – AGC Insured
1/19 at 100.00
AA–
1,106,350
   
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball
      
   
Stadium Project, Series 2006:
      
6,815
  
5.000%, 1/01/31 – AMBAC Insured
1/17 at 100.00
Ba1
6,490,197
5,000
  
5.000%, 1/01/36 – AMBAC Insured
1/17 at 100.00
Ba1
4,597,850
1,030
  
4.750%, 1/01/42 – AMBAC Insured
1/17 at 100.00
Ba1
887,098
14,500
  
5.000%, 1/01/46 – AMBAC Insured
1/17 at 100.00
Ba1
12,917,760
4,730
  
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project
3/19 at 100.00
AA–
5,604,482
   
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:
      
4,280
  
5.000%, 3/01/31 – FGIC Insured
9/16 at 100.00
BBB
4,320,960
31,650
  
5.000%, 3/01/36 – NPFG Insured
9/16 at 100.00
A
31,813,631
20,210
  
4.500%, 3/01/39 – FGIC Insured
9/16 at 100.00
BBB
19,091,377
6,560
  
New York City Trust for Cultural Resources, New York, Revenue Bonds, American Museum of
7/14 at 100.00
AA
6,678,867
   
Natural History, Series 2004A, 5.000%, 7/01/36 – NPFG Insured
      
3,400
  
New York City Trust for Cultural Resources, New York, Revenue Bonds, Whitney Museum of
1/21 at 100.00
A
3,591,522
   
American Art, Series 2011, 5.000%, 7/01/31
      
   
Niagara Area Development Corporation, New York, Niagara University Project, Series 2012A:
      
600
  
5.000%, 5/01/35
5/22 at 100.00
BBB+
589,782
1,000
  
5.000%, 5/01/42
5/22 at 100.00
BBB+
995,390
1,750
  
Onondaga Civic Development Corporation, New York, Revenue Bonds, Le Moyne College Project,
7/22 at 100.00
Baa2
1,715,840
   
Series 2012, 5.000%, 7/01/42
      
1,000
  
Onongada County Trust For Cultural Resources, New York, Revenue Bonds, Syracuse University
12/21 at 100.00
Aa3
1,067,950
   
Project, Series 2011, 5.000%, 12/01/36
      
   
Tompkins County Development Corporation, New York, Revenue Bonds, Ithaca College, Series 2011:
      
1,390
  
5.500%, 7/01/33 – AGM Insured
1/21 at 100.00
A2
1,511,861
1,000
  
5.250%, 7/01/36 – AGM Insured
1/21 at 100.00
A2
1,061,070
4,000
  
5.375%, 7/01/41 – AGM Insured
1/21 at 100.00
A2
4,268,120
3,700
  
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute,
9/20 at 100.00
A–
3,849,443
   
Series 2010A, 5.125%, 9/01/40
      
312,080
  
Total Education and Civic Organizations
    
324,066,621
   
Financials – 2.3% (1.4% of Total Investments)
      
26,015
  
Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series
No Opt. Call
A
27,825,384
   
2005, 5.250%, 10/01/35
      
   
Health Care – 7.1% (4.5% of Total Investments)
      
5,315
  
Albany Capital Resource Corporation, New York, St. Peter’s Hospital Project, Series 2011,
11/20 at 100.00
A–
5,936,802
   
6.125%, 11/15/30
      
2,495
  
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds,
8/19 at 100.00
AA+
2,866,056
   
Hospital for Special Surgery, Series 2009, 6.250%, 8/15/34
      
   
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, St.
      
   
Barnabas Hospital, Series 2002A:
      
2,800
  
5.125%, 2/01/22 – AMBAC Insured
9/13 at 100.00
N/R
2,808,988
3,000
  
5.000%, 2/01/31 – AMBAC Insured
9/13 at 100.00
N/R
3,001,590
8,230
  
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson
8/17 at 100.00
AA–
8,853,752
   
Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – AGM Insured
      
   
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore
      
   
Hospital, Series 2004:
      
9,330
  
5.000%, 8/01/29 – FGIC Insured
2/15 at 100.00
A
9,509,229
425
  
5.000%, 8/01/33 – FGIC Insured
2/15 at 100.00
A
426,755
8,035
  
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical
2/15 at 100.00
A
8,425,903
   
Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured
      
2,250
  
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, St. Luke’s Roosevelt
8/15 at 100.00
N/R
2,263,658
   
Hospital, Series 2005, 4.900%, 8/15/31
      
5,000
  
Dormitory Authority of the State of New York, North Shore Long Island Jewish Obligated Group
5/21 at 100.00
A–
5,095,500
   
Revenue Bonds, Series 2011A, 5.000%, 5/01/41
      
2,000
  
Dormitory Authority of the State of New York, Orange Regional Medical Center Obligated Group
12/18 at 100.00
Ba1
2,129,620
   
Revenue Bonds, Series 2008, 6.250%, 12/01/37
      
   
Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc.,
      
   
Series 2007B:
      
3,865
  
5.250%, 7/01/27 – AGC Insured
7/17 at 100.00
AA–
4,247,867
3,500
  
5.125%, 7/01/37 – AGC Insured
7/17 at 100.00
AA–
3,690,750
9,825
  
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian
8/14 at 100.00
AA–
10,327,942
   
Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured
      
900
  
Dutchess County Local Development Corporation, New York, Revenue Bonds, Health Quest System
7/20 at 100.00
A–
973,998
   
Inc, Series 2010A, 5.750%, 7/01/40 – AGM Insured
      
1,875
  
Monroe County Industrial Development Corporation, New York, FHA Insured Mortgage Revenue
2/21 at 100.00
Aa2
2,081,044
   
Bonds, Unity Hospital of Rochester Project, Series 2010, 5.750%, 8/15/35
      
1,300
  
Monroe County Industrial Development Corporation, New York, Tax-Exempt Revenue Bonds, The
12/22 at 100.00
A–
1,309,178
   
Rochester General Hospital Project, Series 2013A, 5.000%, 12/01/42
      
6,540
  
Suffolk County Economic Development Corp / Nassau County Local Economic Assistance &
7/21 at 100.00
A–
6,940,640
   
Financing Corp., New York, Revenue Bonds, Catholic Health Services of Long Island Obligated
      
   
Group Project, Series 2011, 5.000%, 7/01/28
      
5,050
  
Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series
11/20 at 100.00
A3
5,579,493
   
2010-C2, 6.125%, 11/01/37
      
81,735
  
Total Health Care
    
86,468,765
   
Housing/Multifamily – 2.8% (1.8% of Total Investments)
      
   
Canton Capital Resource Corporation, New York, Student Housing Facility Revenue Bonds, Grasse
      
   
River LLC at SUNY Canton Project Series 2010A:
      
1,000
  
5.000%, 5/01/40
5/20 at 100.00
AA–
1,038,050
1,000
  
5.000%, 5/01/45 – AGM Insured
5/20 at 100.00
AA–
1,038,050
   
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds,
      
   
Series 2005A:
      
4,600
  
5.000%, 7/01/14 – FGIC Insured
No Opt. Call
AA–
4,809,622
4,600
  
5.000%, 7/01/16 – FGIC Insured
7/15 at 100.00
AA–
4,972,646
18,865
  
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds,
7/15 at 100.00
AA–
20,006,334
   
Series 2005A, 5.000%, 7/01/25 – NPFG Insured (UB) (4)
      
1,040
  
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
5/20 at 100.00
AA
1,073,977
   
Series 2010D-1A, 5.000%, 11/01/42
      
450
  
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2009B,
5/19 at 100.00
Aa2
469,701
   
4.500%, 11/01/29
      
   
New York State Housing Finance Agency, Mortgage Revenue Refunding Bonds, Housing Project,
      
   
Series 1996A:
      
70
  
6.100%, 11/01/15 – AGM Insured
11/13 at 100.00
AA–
70,328
390
  
6.125%, 11/01/20 – AGM Insured
11/13 at 100.00
AA–
390,835
32,015
  
Total Housing/Multifamily
    
33,869,543
   
Long-Term Care – 0.4% (0.2% of Total Investments)
      
800
  
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of
2/17 at 103.00
AA+
831,288
   
Westchester Project, Series 2006, 5.200%, 2/15/41
      
2,500
  
Erie County Industrial Development Agency, New York, Revenue Bonds, Orchard Park CCRC Inc.
11/16 at 100.00
N/R
2,475,000
   
Project, Series 2006A, 6.000%, 11/15/36
      
1,225
  
Suffolk County Economic Development Corporation, New York, Revenue Refunding Bonds, Peconic
12/20 at 100.00
BBB–
1,302,886
   
Landing At Southold, Inc. Project, Series 2010, 6.000%, 12/01/40
      
4,525
  
Total Long-Term Care
    
4,609,174
   
Tax Obligation/General – 13.2% (8.4% of Total Investments)
      
3,000
  
Dormitory Authority of the State of New York, School Districts Revenue Bond Financing Program,
10/15 at 100.00
A+
3,164,580
   
Peekskill City School District, Series 2005D, 5.000%, 10/01/33 – NPFG Insured
      
8,100
  
Erie County Industrial Development Agency, New York, School Facility Refunding Revenue Bonds,
5/23 at 100.00
AA–
8,870,553
   
Buffalo City School District, Series 2013A, 5.000%, 5/01/28
      
1,000
  
Nassau County, New York, General Obligation Bonds, General Improvement Series 2009C, 5.000%,
10/19 at 100.00
AA–
1,065,650
   
10/01/29 – AGC Insured
      
210
  
Nassau County, New York, General Obligation Improvement Bonds, Series 1993H, 5.500%, 6/15/16 –
No Opt. Call
A+
236,240
   
NPFG Insured
      
1,200
  
New York City, New York, General Obligation Bonds, Fiscal 2009 Series E, 5.000%, 8/01/28
8/19 at 100.00
AA
1,304,328
3,000
  
New York City, New York, General Obligation Bonds, Fiscal 2010 Series C, 5.000%, 8/01/23
8/19 at 100.00
AA
3,405,690
   
New York City, New York, General Obligation Bonds, Fiscal 2012 Series A-1:
      
5,000
  
5.000%, 10/01/28
10/22 at 100.00
AA
5,517,700
2,000
  
5.000%, 10/01/32
No Opt. Call
AA
2,159,780
3,300
  
5.000%, 10/01/33
10/22 at 100.00
AA
3,550,404
   
New York City, New York, General Obligation Bonds, Fiscal 2012 Series C:
      
4,610
  
5.000%, 8/01/25
8/22 at 100.00
AA
5,252,542
7,190
  
5.000%, 8/01/28
8/22 at 100.00
AA
7,923,308
7,000
  
New York City, New York, General Obligation Bonds, Fiscal 2012 Series F, 5.000%, 8/01/31
2/22 at 100.00
AA
7,557,340
   
New York City, New York, General Obligation Bonds, Fiscal 2012 Series I:
      
1,000
  
5.000%, 8/01/30
8/22 at 100.00
AA
1,085,880
2,000
  
5.000%, 8/01/31
8/22 at 100.00
AA
2,166,980
   
New York City, New York, General Obligation Bonds, Fiscal 2013 Series F-1:
      
5,000
  
5.000%, 3/01/29
3/23 at 100.00
AA
5,490,200
3,400
  
5.000%, 3/01/31
3/23 at 100.00
AA
3,698,826
3,600
  
5.000%, 3/01/33
3/23 at 100.00
AA
3,883,284
3,000
  
New York City, New York, General Obligation Bonds, Fiscal 2013 Series I, 5.000%, 8/01/23
No Opt. Call
AA
3,556,140
   
New York City, New York, General Obligation Bonds, Fiscal Series 1998H:
      
135
  
5.125%, 8/01/25 – NPFG Insured
9/13 at 100.00
AA
135,548
70
  
5.375%, 8/01/27 – NPFG Insured
9/13 at 100.00
AA
70,221
   
New York City, New York, General Obligation Bonds, Fiscal Series 2001D:
      
5
  
5.250%, 8/01/15 – AGM Insured
9/13 at 100.00
AA
5,019
5
  
5.000%, 8/01/16 – FGIC Insured
9/13 at 100.00
AA
5,017
10,330
  
New York City, New York, General Obligation Bonds, Fiscal Series 2005J, 5.000%, 3/01/19 –
3/15 at 100.00
AA
11,011,264
   
FGIC Insured
      
750
  
New York City, New York, General Obligation Bonds, Fiscal Series 2006C, 5.000%, 8/01/16 –
8/15 at 100.00
AA
816,368
   
AGM Insured
      
9,885
  
New York City, New York, General Obligation Bonds, Series 2011D-I, 5.000%, 10/01/29
10/21 at 100.00
AA
10,733,034
   
New York City, New York, General Obligation Bonds, Subseries G-1 Fiscal Series 2012:
      
8,700
  
5.000%, 4/01/26
4/22 at 100.00
AA
9,785,064
6,225
  
5.000%, 4/01/29
4/22 at 100.00
AA
6,786,433
   
New York City, New York, General Obligation Bonds, Series 2004E:
      
12,550
  
5.000%, 11/01/19 – AGM Insured (UB)
11/14 at 100.00
AA
13,269,868
7,850
  
5.000%, 11/01/20 – AGM Insured (UB)
11/14 at 100.00
AA
8,300,276
   
Pavilion Central School District, Genesee County, New York, General Obligation Bonds,
      
   
Series 2005:
      
1,650
  
5.000%, 6/15/16 – AGM Insured
6/15 at 100.00
AA–
1,765,071
1,815
  
5.000%, 6/15/18 – AGM Insured
6/15 at 100.00
AA–
1,952,831
   
Rensselaer County, New York, General Obligation Bonds, Series 1991:
      
960
  
6.700%, 2/15/16 – AMBAC Insured
No Opt. Call
AA–
1,098,662
960
  
6.700%, 2/15/17 – AMBAC Insured
No Opt. Call
AA–
1,142,275
960
  
6.700%, 2/15/18 – AMBAC Insured
No Opt. Call
AA–
1,172,294
960
  
6.700%, 2/15/19 – AMBAC Insured
No Opt. Call
AA–
1,207,795
960
  
6.700%, 2/15/20 – AMBAC Insured
No Opt. Call
AA–
1,234,560
747
  
6.700%, 2/15/21 – AMBAC Insured
No Opt. Call
AA–
975,425
   
Rochester, New York, General Obligation Bonds, Series 1999:
      
735
  
5.250%, 10/01/20 – NPFG Insured
No Opt. Call
Aa3
874,283
735
  
5.250%, 10/01/21 – NPFG Insured
No Opt. Call
Aa3
873,775
730
  
5.250%, 10/01/22 – NPFG Insured
No Opt. Call
Aa3
865,130
730
  
5.250%, 10/01/23 – NPFG Insured
No Opt. Call
Aa3
860,999
730
  
5.250%, 10/01/24 – NPFG Insured
No Opt. Call
Aa3
864,430
730
  
5.250%, 10/01/25 – NPFG Insured
No Opt. Call
Aa3
858,203
725
  
5.250%, 10/01/26 – NPFG Insured
No Opt. Call
Aa3
846,648
1,145
  
Three Village Central School District, Brookhaven and Smithtown, Suffolk County, New York,
No Opt. Call
Aa2
1,328,315
   
General Obligation Bonds, Series 2005, 5.000%, 6/01/18 – FGIC Insured
      
1,620
  
West Islip Union Free School District, Suffolk County, New York, General Obligation Bonds,
10/15 at 100.00
Aa3
1,769,850
   
Series 2005, 5.000%, 10/01/16 – AGM Insured
      
7,635
  
Yonkers, New York, General Obligation Bonds, Series 2005A, 5.000%, 8/01/16 – NPFG Insured
8/15 at 100.00
A
8,143,033
   
Yonkers, New York, General Obligation Bonds, Series 2005B:
      
1,650
  
5.000%, 8/01/19
8/15 at 100.00
Baa1
1,724,696
1,735
  
5.000%, 8/01/20
8/15 at 100.00
Baa1
1,807,419
148,027
  
Total Tax Obligation/General
    
162,173,231
   
Tax Obligation/Limited – 61.7% (39.2% of Total Investments)
      
1,980
  
Dormitory Authority of the State of New York, 853 Schools Program Insured Revenue Bonds,
1/14 at 100.00
N/R
1,988,356
   
Harmony Heights School, Issue 1, Series 1999C, 5.500%, 7/01/18 – AMBAC Insured
      
140
  
Dormitory Authority of the State of New York, 853 Schools Program Insured Revenue Bonds,
9/13 at 100.00
N/R
140,560
   
Vanderheyden Hall Inc., Issue 2, Series 1998F, 5.250%, 7/01/18 – AMBAC Insured
      
1,645
  
Dormitory Authority of the State of New York, Consolidated Revenue Bonds, City University
No Opt. Call
Aa3
1,645,740
   
System, Series 1993A, 5.750%, 7/01/13 – NPFG Insured
      
2,265
  
Dormitory Authority of the State of New York, Department of Health Revenue Bonds, Series
7/15 at 100.00
AA–
2,438,273
   
2005A, 5.250%, 7/01/24 – CIFG Insured
      
965
  
Dormitory Authority of the State of New York, Insured Revenue Bonds, 853 Schools Program –
1/14 at 100.00
N/R
969,265
   
Anderson School, Series 1999E, Issue 2, 5.750%, 7/01/19 – AMBAC Insured
      
9,145
  
Dormitory Authority of the State of New York, Insured Revenue Bonds, Special Act School
1/14 at 100.00
A
9,179,934
   
District Program, Series 1999, 5.750%, 7/01/19 – NPFG Insured
      
   
Dormitory Authority of the State of New York, Lease Revenue Bonds, Madison-Oneida Board of
      
   
Cooperative Educational Services, Series 2002:
      
1,045
  
5.250%, 8/15/20 – AGM Insured
9/13 at 100.00
AA–
1,049,096
1,100
  
5.250%, 8/15/21 – AGM Insured
9/13 at 100.00
AA–
1,104,279
365
  
5.250%, 8/15/22 – AGM Insured
9/13 at 100.00
AA–
366,402
2,000
  
Dormitory Authority of the State of New York, Lease Revenue Bonds, Wayne-Finger Lakes Board of
8/14 at 100.00
AA–
2,095,300
   
Cooperative Education Services, Series 2004, 5.000%, 8/15/23 – AGM Insured
      
1,000
  
Dormitory Authority of the State of New York, Master Lease Program Revenue Bonds, Nassau
8/19 at 100.00
AA–
1,075,220
   
County Board of Cooperative Educational Services, Series 2009A, 5.000%, 8/15/28 – AGC Insured
      
10,840
  
Dormitory Authority of the State of New York, Revenue Bonds, Department of Health, Series
7/14 at 100.00
AA–
11,261,676
   
2004-2, 5.000%, 7/01/20 – FGIC Insured
      
   
Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities
      
   
Improvements, Series 2005D-1:
      
5,315
  
5.000%, 2/15/15 – FGIC Insured
No Opt. Call
AA–
5,687,582
4,715
  
5.000%, 8/15/23 – FGIC Insured
2/15 at 100.00
AA–
4,983,284
65
  
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing
9/13 at 100.00
A+
65,255
   
Program, Series 2002D, 5.250%, 10/01/23 – NPFG Insured
      
1,000
  
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing
10/19 at 100.00
AA–
1,105,720
   
Program, Series 2009A, 5.625%, 10/01/29 – AGC Insured
      
4,000
  
Dormitory Authority of the State of New York, Revenue Bonds, State University Educational
No Opt. Call
AA–
4,536,880
   
Facilities, 1989 Resolution, Series 2000C, 5.750%, 5/15/16 – AGM Insured
      
1,000
  
Dormitory Authority of the State of New York, Revenue Bonds, State University Educational
No Opt. Call
Aa3
1,149,750
   
Facilities, Series 1993A, 5.500%, 5/15/19 – AMBAC Insured
      
4,115
  
Dormitory Authority of the State of New York, Second General Resolution Consolidated Revenue
No Opt. Call
AA–
4,646,164
   
Bonds, City University System, Series 1993A, 5.750%, 7/01/18 – AGM Insured
      
   
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General
      
   
Purpose Series 2011C:
      
8,545
  
5.000%, 3/15/34
No Opt. Call
AAA
9,089,317
50,170
  
5.000%, 3/15/41
3/21 at 100.00
AAA
53,025,175
   
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General
      
   
Purpose Series 2012D:
      
5,000
  
5.000%, 2/15/31
2/22 at 100.00
AAA
5,422,450
13,385
  
5.000%, 2/15/31 (UB) (4)
2/22 at 100.00
AAA
14,515,899
155
  
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series
3/15 at 100.00
AAA
165,476
   
2005F, 5.000%, 3/15/21 – AGM Insured
      
3,540
  
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo
5/18 at 100.00
AA–
4,025,122
   
City School District Project, Series 2008A, 5.750%, 5/01/27 – AGM Insured (UB)
      
10,125
  
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo
5/19 at 100.00
AA–
10,821,803
   
City School District Project, Series 2009A, 5.000%, 5/01/31
      
5,000
  
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo
5/18 at 100.00
AA–
5,670,651
   
City School District Project, Series 2008A, 5.750%, 5/01/28 – AGM Insured (UB)
      
   
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo
      
   
City School District, Series 2007A:
      
5,980
  
5.750%, 5/01/27 – AGM Insured (UB)
5/17 at 100.00
AA–
6,675,115
21,030
  
5.750%, 5/01/28 – AGM Insured (UB)
5/17 at 100.00
AA–
23,474,527
   
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012
      
   
Series 2011A:
      
19,730
  
5.750%, 2/15/47
2/21 at 100.00
A
21,676,956
1,850
  
5.000%, 2/15/47 – AGM Insured
2/21 at 100.00
AA–
1,911,161
   
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A:
      
51,590
  
5.000%, 2/15/47 – FGIC Insured
2/17 at 100.00
A
52,162,133
4,200
  
5.000%, 2/15/47 – AGM Insured
2/17 at 100.00
AA–
4,264,764
4,830
  
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Refunding Series
11/22 at 100.00
AA
5,275,616
   
2012A, 5.000%, 11/15/29
      
   
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds,
      
   
Series 2002A:
      
1,000
  
5.750%, 7/01/18 – AGM Insured
No Opt. Call
AA–
1,188,660
9,000
  
5.750%, 7/01/18 – AGM Insured (UB)
No Opt. Call
AA–
10,697,940
560
  
Monroe Newpower Corporation, New York, Power Facilities Revenue Bonds, Series 2003,
1/15 at 100.00
BBB
556,052
   
5.500%, 1/01/34
      
4,820
  
Nassau County Interim Finance Authority, New York, Sales and Use Tax Revenue Bonds, Series
No Opt. Call
AAA
4,913,701
   
2004H, 5.250%, 11/15/13 – AMBAC 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
3,557,896
10,090
  
5.000%, 10/15/25 – NPFG Insured (UB) (4)
10/14 at 100.00
AAA
10,558,580
1,040
  
5.000%, 10/15/26 – NPFG Insured
10/14 at 100.00
AAA
1,089,670
6,785
  
5.000%, 10/15/26 – NPFG Insured (UB) (4)
10/14 at 100.00
AAA
7,109,052
300
  
5.000%, 10/15/29 – AMBAC Insured
10/14 at 100.00
AAA
313,392
21,610
  
5.000%, 10/15/29 – AMBAC Insured (UB) (4)
10/14 at 100.00
AAA
22,574,671
5,155
  
5.000%, 10/15/32 – AMBAC Insured
10/14 at 100.00
AAA
5,380,067
4,500
  
5.000%, 10/15/32 – AMBAC Insured (UB) (4)
10/14 at 100.00
AAA
4,696,470
9,000
  
5.000%, 10/15/32 – AGM Insured
10/14 at 100.00
AAA
9,382,230
10,440
  
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
1/17 at 100.00
AA–
11,223,418
   
Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
      
   
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012
      
   
Series E-1:
      
5,100
  
5.000%, 2/01/35
2/22 at 100.00
AAA
5,471,382
6,225
  
5.000%, 2/01/37
2/22 at 100.00
AAA
6,650,292
16,655
  
5.000%, 2/01/42
2/22 at 100.00
AAA
17,681,115
40,000
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012
5/22 at 100.00
AAA
42,676,000
   
Series F-1, 5.000%, 5/01/39
      
5
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
9/13 at 100.00
AAA
5,020
   
Series 2002B, 5.250%, 5/01/16 – NPFG Insured
      
155
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
9/13 at 100.00
AAA
155,618
   
Series 2003E, 5.250%, 2/01/22 – NPFG Insured
      
5
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
2/14 at 100.00
AAA
5,128
   
Series 2004C, 5.000%, 2/01/19 – SYNCORA GTY Insured
      
3,800
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
5/17 at 100.00
AAA
4,137,630
   
Series 2007B, 5.000%, 11/01/30
      
5,000
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Series
5/19 at 100.00
AAA
5,252,600
   
2009A-1, 5.000%, 5/01/36
      
   
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,
      
   
Subordinate Lien Series 2011C:
      
10,000
  
5.500%, 11/01/35
11/20 at 100.00
AAA
11,113,500
8,000
  
5.000%, 11/01/39
11/20 at 100.00
AAA
8,457,280
   
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,
      
   
SubSeries 2011D-1:
      
2,000
  
5.250%, 2/01/30
2/21 at 100.00
AAA
2,204,880
1,480
  
5.000%, 2/01/35
2/21 at 100.00
AAA
1,577,029
   
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A:
      
18,575
  
5.750%, 4/01/33 – AGM Insured
4/21 at 100.00
AA+
20,977,305
4,000
  
5.750%, 4/01/41
4/21 at 100.00
AA–
4,455,640
   
New York Convention Center Development Corporation, Hotel Fee Revenue Bonds, Tender Option
      
   
Bonds Trust 3095:
      
2,890
  
13.513%, 11/15/30 – AMBAC Insured (IF) (4)
11/15 at 100.00
AA+
3,373,728
12,940
  
13.499%, 11/15/44 – AMBAC Insured (IF) (4)
11/15 at 100.00
AA+
13,630,090
8,250
  
New York State Local Government Assistance Corporation, Revenue Bonds, Series 1993E, 5.250%,
No Opt. Call
AAA
9,006,278
   
4/01/16 – AGM Insured (UB)
      
   
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General,
      
   
Series 2004A:
      
2,000
  
5.000%, 4/01/22 – NPFG Insured
4/14 at 100.00
AA
2,065,880
1,000
  
5.000%, 4/01/23 – NPFG Insured
4/14 at 100.00
AA
1,032,860
   
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General,
      
   
Series 2005B:
      
30,795
  
5.500%, 4/01/20 – AMBAC Insured
No Opt. Call
AA
37,369,733
6,600
  
5.000%, 4/01/21 – AMBAC Insured
10/15 at 100.00
AA
7,153,146
4,500
  
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2004A,
9/14 at 100.00
AAA
4,732,290
   
5.000%, 3/15/24 – AMBAC Insured
      
   
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2010A:
      
1,600
  
5.000%, 3/15/29
9/20 at 100.00
AAA
1,731,920
1,195
  
5.000%, 3/15/30
9/20 at 100.00
AAA
1,294,783
   
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and
      
   
State Contingency Contract-Backed Bonds, Series 2003A-1:
      
35,000
  
5.250%, 6/01/20 – AMBAC Insured
9/13 at 100.00
AA–
35,145,950
2,000
  
5.250%, 6/01/21 – AMBAC Insured
9/13 at 100.00
AA–
2,005,760
14,865
  
5.250%, 6/01/22 – AMBAC Insured
9/13 at 100.00
AA–
14,907,811
1,500
  
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and
9/13 at 100.00
AA–
1,506,375
   
State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21
      
665
  
New York State Urban Development Corporation, Revenue Bonds, Correctional Facilities, Series
No Opt. Call
AA–
681,964
   
1994A, 5.250%, 1/01/14 – AGM Insured
      
2,175
  
New York State Urban Development Corporation, Revenue Refunding Bonds, State Facilities,
No Opt. Call
AA–
2,297,170
   
Series 1995, 5.600%, 4/01/15 – NPFG Insured
      
8,600
  
New York State Urban Development Corporation, Revenue Refunding Bonds, State Facilities,
No Opt. Call
AA–
10,038,522
   
Series 1995, 5.700%, 4/01/20 – AGM Insured (UB)
      
2,000
  
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, Series
3/15 at 100.00
AAA
2,100,360
   
2005B, 5.000%, 3/15/30 – AGM Insured
      
3,325
  
Niagara Falls City School District, Niagara County, New York, Certificates of Participation,
6/15 at 100.00
AA–
3,403,237
   
High School Facility, Series 2005, 5.000%, 6/15/28 – AGM Insured
      
   
Puerto Rico Highway and Transportation Authority, Highway Revenue Refunding Bonds,
      
   
Series 2002E:
      
3,000
  
5.500%, 7/01/14 – AGM Insured
No Opt. Call
AA–
3,111,030
11,000
  
5.500%, 7/01/18 – AGM Insured
No Opt. Call
AA–
12,000,450
8,500
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
8/26 at 100.00
A+
8,278,490
   
2009A, 0.000%, 8/01/32
      
   
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate
      
   
Series 2010A:
      
2,000
  
0.000%, 8/01/33
8/29 at 100.00
A+
1,478,140
7,000
  
5.000%, 8/01/40 – AGM Insured
2/20 at 100.00
AA–
6,917,750
6,765
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
8/20 at 100.00
AA–
6,770,615
   
2010C, 5.125%, 8/01/42 – AGM Insured
      
   
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Senior Series 2011C:
      
22,000
  
0.000%, 8/01/37
No Opt. Call
AA–
5,369,980
46,150
  
0.000%, 8/01/39
No Opt. Call
AA–
9,869,178
   
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A:
      
11,000
  
0.000%, 8/01/41 – NPFG Insured
No Opt. Call
AA–
2,060,190
13,520
  
0.000%, 8/01/42 – FGIC Insured
No Opt. Call
AA–
2,369,650
25,395
  
0.000%, 8/01/44 – NPFG Insured
No Opt. Call
AA–
3,902,958
9,250
  
0.000%, 8/01/45 – NPFG Insured
No Opt. Call
AA–
1,326,728
201,690
  
0.000%, 8/01/46 – NPFG Insured
No Opt. Call
AA–
26,982,088
99,130
  
0.000%, 8/01/47 – AMBAC Insured
No Opt. Call
AA–
11,921,374
1,090
  
Suffolk County Industrial Development Agency, New York, Revenue Bonds, Hampton Bays Public
10/13 at 100.00
Baa1
1,093,491
   
Library, Series 1999A, 6.000%, 10/01/19 – NPFG Insured
      
1,075,920
  
Total Tax Obligation/Limited
    
754,657,088
   
Transportation – 12.7% (8.1% of Total Investments)
      
4,175
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding
No Opt. Call
A
4,294,447
   
Series 2012H, 5.000%, 11/15/42
      
4,000
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2003A,
11/13 at 100.00
AA–
4,062,080
   
5.000%, 11/15/25 – AGM Insured
      
   
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005A:
      
4,500
  
4.750%, 11/15/27 – NPFG Insured
11/15 at 100.00
AA–
4,688,460
10,000
  
4.750%, 11/15/30 – AMBAC Insured
11/15 at 100.00
A
10,390,500
7,575
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2006B,
11/16 at 100.00
AA–
7,488,266
   
4.500%, 11/15/36 – AGM Insured
      
1,000
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2011A,
11/21 at 100.00
A
1,026,810
   
5.000%, 11/15/41
      
5,195
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2012C,
11/22 at 100.00
A
5,347,629
   
5.000%, 11/15/41
      
1,125
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2012E,
No Opt. Call
A
1,157,186
   
5.000%, 11/15/42
      
3,700
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2013A,
5/23 at 100.00
A
3,825,171
   
5.000%, 11/15/38
      
   
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2013B:
      
16,090
  
5.000%, 11/15/30
5/23 at 100.00
A
16,961,595
2,500
  
5.000%, 11/15/32
5/23 at 100.00
A
2,606,800
7,000
  
5.000%, 11/15/38
5/23 at 100.00
A
7,236,810
   
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2013C:
      
480
  
5.000%, 11/15/32
5/23 at 100.00
A
500,506
6,000
  
5.000%, 11/15/42
5/23 at 100.00
A
6,178,920
8,055
  
New York Liberty Development Corporation, Liberty Revenue Bonds, 4 World Trade Center Project,
11/21 at 100.00
A+
8,192,499
   
Series 2011, 5.000%, 11/15/44
      
3,420
  
New York State Thruway Authority, General Revenue Bonds, Refunding Series 2007H, 5.000%,
1/18 at 100.00
A+
3,750,714
   
1/01/25 – FGIC Insured
      
   
New York State Thruway Authority, General Revenue Bonds, Series 2005F:
      
10,910
  
5.000%, 1/01/20 – AMBAC Insured
1/15 at 100.00
A+
11,533,725
12,100
  
5.000%, 1/01/30 – AMBAC Insured
1/15 at 100.00
A+
12,624,777
   
New York State Thruway Authority, General Revenue Bonds, Series 2005G:
      
5,800
  
5.000%, 1/01/30 – AGM Insured (UB)
7/15 at 100.00
AA–
6,121,495
3,000
  
5.000%, 1/01/32 – AGM Insured
7/15 at 100.00
AA–
3,166,290
   
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth
      
   
Series 2005:
      
2,580
  
5.000%, 12/01/19 – AGM Insured
6/15 at 101.00
AA–
2,799,584
4,625
  
5.000%, 12/01/28 – SYNCORA GTY Insured
6/15 at 101.00
AA–
4,935,523
5,760
  
5.000%, 12/01/31 – SYNCORA GTY Insured
6/15 at 101.00
AA–
6,103,066
4,185
  
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty
8/17 at 100.00
AA–
5,661,468
   
Eighth Series 2008, Trust 2920, 17.992%, 8/15/32 – AGM Insured (IF)
      
2,500
  
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
12/15 at 100.00
BBB–
2,693,375
   
Terminal LLC Project, Eighth Series 2010, 6.500%, 12/01/28
      
   
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding
      
   
Subordinate Lien Series 2002E:
      
5,480
  
5.500%, 11/15/20 – NPFG Insured
No Opt. Call
A+
6,677,544
5,070
  
5.250%, 11/15/22 – NPFG Insured
9/13 at 100.00
A+
5,090,483
146,825
  
Total Transportation
    
155,115,723
   
U.S. Guaranteed – 8.0% (5.1% of Total Investments) (5)
      
   
Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk
      
   
County Issue, Series 1986:
      
1,180
  
7.375%, 7/01/16 (ETM)
No Opt. Call
Aaa
1,296,525
370
  
7.375%, 7/01/16 – BIGI Insured (ETM)
No Opt. Call
Aaa
407,477
7,480
  
Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian
8/14 at 100.00
AA– (5)
7,878,684
   
Hospital Project, Series 2007, 5.000%, 8/15/36 (Pre-refunded 8/15/14) – AGM Insured
      
2,885
  
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series
3/15 at 100.00
AA– (5)
3,109,309
   
2005F, 5.000%, 3/15/21 (Pre-refunded 3/15/15) – AGM Insured
      
505
  
Dormitory Authority of the State of New York, Suffolk County, Lease Revenue Bonds, Judicial
10/13 at 100.81
Baa1 (5)
527,043
   
Facilities, Series 1991A, 9.500%, 4/15/14 – FGIC Insured (ETM)
      
5,200
  
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo
5/14 at 100.00
AA– (5)
5,441,904
   
City School District, Series 2004, 5.750%, 5/01/26 (Pre-refunded 5/01/14) – AGM Insured
      
2,000
  
Erie County, New York, General Obligation Bonds, Series 2005A, 5.000%, 12/01/18 (Pre-refunded
12/15 at 100.00
A (5)
2,215,180
   
12/01/15) – NPFG Insured
      
35
  
Erie County Water Authority, New York, Water Revenue Bonds, Series 1990B, 6.750%, 12/01/14 –
No Opt. Call
N/R (5)
36,848
   
AMBAC Insured (ETM)
      
2,620
  
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2003C,
9/13 at 100.00
A (5)
2,641,825
   
5.000%, 9/01/16 (Pre-refunded 9/01/13) – CIFG Insured
      
945
  
Metropolitan Transportation Authority, New York, Commuter Facilities Revenue Bonds, Series
9/13 at 100.00
N/R (5)
986,486
   
1997B, 5.000%, 7/01/20 – AMBAC Insured (ETM)
      
   
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 1998A:
      
5,090
  
5.000%, 4/01/23 (Pre-refunded 10/01/15) – FGIC Insured
10/15 at 100.00
AA+ (5)
5,604,243
11,000
  
4.750%, 4/01/28 (Pre-refunded 10/01/15) – FGIC Insured
10/15 at 100.00
AA+ (5)
12,036,640
   
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 1999A:
      
8,000
  
5.000%, 4/01/17 (Pre-refunded 10/01/14) – AGM Insured
10/14 at 100.00
AA+ (5)
8,473,440
5,750
  
5.000%, 4/01/29 (Pre-refunded 10/01/14) – AGM Insured
10/14 at 100.00
AA+ (5)
6,090,285
   
Metropolitan Transportation Authority, New York, Transit Facilities Revenue Bonds,
      
   
Series 1998B:
      
10,000
  
4.875%, 7/01/18 – FGIC Insured (ETM)
9/13 at 100.00
A (5)
10,153,900
4,500
  
4.750%, 7/01/26 – FGIC Insured (ETM)
9/13 at 100.00
A (5)
4,607,730
   
Nassau County Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds,
      
   
Series 2003A:
      
3,000
  
5.000%, 11/15/18 (Pre-refunded 11/15/13) – AMBAC Insured
11/13 at 100.00
AAA
3,053,640
1,500
  
4.750%, 11/15/21 (Pre-refunded 11/15/13) – AMBAC Insured
11/13 at 100.00
AAA
1,525,395
1,500
  
4.750%, 11/15/22 (Pre-refunded 11/15/13) – AMBAC Insured
11/13 at 100.00
AAA
1,525,395
850
  
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue
6/14 at 100.00
Aa1 (5)
888,973
   
Bonds, Fiscal Series 2004C, 5.000%, 6/15/35 (Pre-refunded 6/15/14) – AMBAC Insured
      
7,340
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
2/14 at 100.00
AAA
7,545,300
   
Series 2004C, 5.000%, 2/01/19 (Pre-refunded 2/01/14) – SYNCORA GTY Insured
      
500
  
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, Series
3/15 at 100.00
AA– (5)
538,875
   
2005B, 5.000%, 3/15/30 (Pre-refunded 3/15/15) – AGM Insured
      
9,395
  
Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2005C, 5.000%,
6/15 at 100.00
AAA
10,189,065
   
6/01/28 (Pre-refunded 6/01/15) – NPFG Insured
      
   
Yonkers, New York, General Obligation Bonds, Series 2005B:
      
540
  
5.000%, 8/01/19 (Pre-refunded 8/01/15)
8/15 at 100.00
Baa1 (5)
590,711
570
  
5.000%, 8/01/20 (Pre-refunded 8/01/15)
8/15 at 100.00
Baa1 (5)
623,529
92,755
  
Total U.S. Guaranteed
    
97,988,402
   
Utilities – 11.2% (7.2% of Total Investments)
      
2,450
  
Chautauqua County Industrial Development Agency, New York, Exempt Facility Revenue Bonds, NRG
2/20 at 100.00
Baa3
2,502,798
   
Dunkirk Power Project, Series 2009, 5.875%, 4/01/42
      
3,000
  
Guam Power Authority, Revenue Bonds, Series 2010A, 5.000%, 10/01/37 – AGM Insured
10/20 at 100.00
AA–
3,041,700
1,045
  
Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34
10/22 at 100.00
BBB
1,067,457
   
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2000A:
      
8,000
  
0.000%, 6/01/24 – AGM Insured
No Opt. Call
AA–
5,405,440
8,000
  
0.000%, 6/01/25 – AGM Insured
No Opt. Call
AA–
5,112,160
20,000
  
0.000%, 6/01/26 – AGM Insured
No Opt. Call
AA–
12,083,800
10,000
  
0.000%, 6/01/27 – AGM Insured
No Opt. Call
AA–
5,690,500
15,000
  
0.000%, 6/01/28 – AGM Insured
No Opt. Call
AA–
8,066,250
10,000
  
0.000%, 6/01/29 – AGM Insured
No Opt. Call
AA–
5,094,600
   
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
      
21,830
  
5.000%, 12/01/23 – FGIC Insured
6/16 at 100.00
A
23,381,895
27,015
  
5.000%, 12/01/25 – FGIC Insured
6/16 at 100.00
A
28,905,780
11,000
  
5.000%, 12/01/26 – AGC Insured
6/16 at 100.00
AA+
11,617,430
2,750
  
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,
6/16 at 100.00
A
2,823,425
   
5.000%, 12/01/35 – CIFG Insured
      
3,310
  
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2008A, 5.500%,
5/19 at 100.00
AA+
3,715,045
   
5/01/33 – BHAC Insured
      
5,000
  
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A,
5/21 at 100.00
A
5,143,400
   
5.000%, 5/01/38
      
5,000
  
New York State Energy Research and Development Authority, Pollution Control Revenue Refunding
9/13 at 100.00
A
5,006,000
   
Bonds, Niagara Mohawk Power Corporation, Series 1998A, 5.150%, 11/01/25 – AMBAC Insured
      
6,500
  
Niagara Area Development Corporation, New York, Solid Waste Disposal Facility Revenue
No Opt. Call
BB+
6,158,035
   
Refunding Bonds, Covanta Energy Project, Series 2012B, 4.000%, 11/01/24
      
2,635
  
Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%,
11/15 at 100.00
Aa2
2,881,979
   
11/15/19 – FGIC Insured
      
162,535
  
Total Utilities
    
137,697,694
   
Water and Sewer – 9.0% (5.7% of Total Investments)
      
800
  
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue
No Opt. Call
AAA
902,792
   
Bonds, Fiscal 2009 Series 2008A, 5.750%, 6/15/40
      
10,000
  
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue
6/19 at 100.00
AA+
11,204,600
   
Bonds, Second Generation Resolution, Fiscal 2010 Series 2009BB, 5.000%, 6/15/27
      
19,660
  
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue
12/21 at 100.00
AA+
20,741,693
   
Bonds, Second Generation Resolution, Fiscal 2012 Series BB, 5.000%, 6/15/44
      
5,000
  
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue
6/17 at 100.00
AA+
5,219,900
   
Bonds, Second Generation Resolution, Series 2007AA, 5.000%, 6/15/37
      
12,365
  
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue
6/16 at 100.00
AAA
12,721,112
   
Bonds, Series 2006B, 5.000%, 6/15/36 – NPFG Insured (UB)
      
19,455
  
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue
6/15 at 100.00
AAA
20,761,014
   
Bonds, Fiscal Series 2005C, 5.000%, 6/15/27 – NPFG Insured (UB)
      
1,485
  
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second
6/23 at 100.00
AA+
1,604,765
   
General Resolution Revenue Bonds, Fiscal 2013 Series DD, 5.000%, 6/15/34
      
11,455
  
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue
6/14 at 100.00
AAA
11,774,595
   
Bonds, Fiscal Series 2004C, 5.000%, 6/15/35 – AMBAC Insured
      
3,845
  
New York State Environmental Facilities Corporation, Revenue Bonds, State Revolving Funds
4/20 at 100.00
AAA
4,137,989
   
Master Financing, Series 2010C, 5.000%, 10/15/35
      
3,095
  
New York State Environmental Facilities Corporation, Revenue Bonds, State Revolving Funds
2/22 at 100.00
AAA
3,286,364
   
Master Financing, Series 2012B, 5.000%, 2/15/42
      
14,700
  
Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2005C, 5.000%,
6/15 at 100.00
AAA
15,942,444
   
6/01/28 – NPFG Insured (UB)
      
2,230
  
Upper Mohawk Valley Regional Water Finance Authority, New York, Water System Revenue Bonds,
No Opt. Call
A1
1,566,464
   
Series 2000, 0.000%, 4/01/23 – AMBAC Insured
      
104,090
  
Total Water and Sewer
    
109,863,732
$ 2,223,132
  
Total Investments (cost $1,874,701,668) – 157.4%
    
1,924,644,129
   
Floating Rate Obligations – (12.2)%
    
(148,940,000)
   
MuniFund Term Preferred Shares, at Liquidation Value – (2.3)% (6)
    
(27,680,000)
   
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value – (4.1)% (7)
    
(50,700,000)
   
Variable Rate Demand Preferred Shares, at Liquidation Value – (40.0)% (8)
    
(488,800,000)
   
Other Assets Less Liabilities – 1.2%
    
14,528,847
   
Net Assets Applicable to Common Shares – 100%
    
$ 1,223,052,976
 
 

 
 
 
 
Fair Value Measurements
 
Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
 
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
 
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of investments).
 
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:
 
 
Level 1
Level 2
Level 3
Total
Long-Term Investments:
        
  Municipal Bonds
$ —
$1,924,644,129
$ —
$1,924,644,129
 
Income Tax Information
 
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
 
As of June 30, 2013, the cost of investments was $1,725,476,067.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of June 30, 2013, were as follows:
   
Gross unrealized:
  
  Appreciation
$  90,718,485
  Depreciation
(40,457,716)
Net unrealized appreciation (depreciation) of investments
$  50,260,769
 
(1)
  
All percentages shown in the Portfolio of Investments are based on net assets.
(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)
  
MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 1.4%.
(7)
  
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total
   
Investments is 2.6%.
(8)
  
Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Investments
   
is 25.4%.
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.
 
 
 
 
 
 
 
Item 2. Controls and Procedures.

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.
 
Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.

 
 
 
 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
(Registrant)  Nuveen New York AMT-Free Municipal Income Fund 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:         August 29, 2013        
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
By (Signature and Title)     /s/ Gifford R. Zimmerman                    
                                                    Gifford R. Zimmerman
                                                  Chief Administrative Officer (principal executive officer) 
 
Date:         August 29, 2013        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         August 29, 2013