Portfolio of Investments (Unaudited)
|
|||||
Nuveen Select Tax-Free Income Portfolio 3 (NXR)
|
|||||
June 30, 2013
|
|||||
Principal
|
Optional Call
|
||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Municipal Bonds – 92.8%
|
|||||
Alaska – 1.2%
|
|||||
$ 2,675
|
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds,
|
6/14 at 100.00
|
B+
|
$ 2,254,383
|
|
Series 2006A, 5.000%, 6/01/32
|
|||||
California – 17.1%
|
|||||
12,500
|
Anaheim Public Finance Authority, California, Subordinate Lease Revenue Bonds, Public
|
No Opt. Call
|
AA–
|
3,472,750
|
|
Improvement Project, Series 1997C, 0.000%, 9/01/35 – AGM Insured
|
|||||
1,000
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los
|
12/18 at 100.00
|
BB–
|
893,430
|
|
Angeles County Securitization Corporation, Series 2006A, 5.600%, 6/01/36
|
|||||
1,125
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma
|
6/15 at 100.00
|
B–
|
1,063,451
|
|
County Tobacco Securitization Corporation, Series 2005, 5.000%, 6/01/26
|
|||||
2,595
|
California Health Facilities Financing Authority, Revenue Bonds, Kaiser Permanente System,
|
4/16 at 100.00
|
A+
|
2,609,740
|
|
Series 2006, 5.000%, 4/01/37
|
|||||
890
|
California Statewide Community Development Authority, Revenue Bonds, Methodist Hospital
|
8/19 at 100.00
|
Aa2
|
1,050,618
|
|
Project, Series 2009, 6.750%, 2/01/38
|
|||||
290
|
California Statewide Financing Authority, Tobacco Settlement Asset-Backed Bonds, Pooled
|
9/13 at 100.00
|
BBB
|
289,945
|
|
Tobacco Securitization Program, Series 2002A, 5.625%, 5/01/29
|
|||||
2,275
|
Folsom Cordova Unified School District, Sacramento County, California, General Obligation
|
No Opt. Call
|
A+
|
994,130
|
|
Bonds, School Facilities Improvement District 4, Series 2007A, 0.000%, 10/01/28 – NPFG Insured
|
|||||
2,885
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
|
No Opt. Call
|
A2
|
1,465,522
|
|
Asset-Backed Revenue Bonds, Series 2005A, 0.000%, 6/01/28 – AMBAC Insured
|
|||||
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
|||||
Bonds, Series 2007A-1:
|
|||||
750
|
4.500%, 6/01/27
|
6/17 at 100.00
|
B
|
705,495
|
|
2,090
|
5.000%, 6/01/33
|
6/17 at 100.00
|
B
|
1,773,428
|
|
4,055
|
Kern Community College District, California, General Obligation Bonds, Series 2003A, 0.000%,
|
No Opt. Call
|
Aa2
|
1,995,668
|
|
3/01/28 – FGIC Insured
|
|||||
11,985
|
Norwalk La Mirada Unified School District, Los Angeles County, California, General Obligation
|
No Opt. Call
|
AA–
|
4,309,446
|
|
Bonds, Election of 2002, Series 2007C, 0.000%, 8/01/32 – AGM Insured
|
|||||
3,000
|
Palomar Pomerado Health, California, General Obligation Bonds, Election of 2004, Series 2007A,
|
No Opt. Call
|
A+
|
1,690,740
|
|
0.000%, 8/01/25 – NPFG Insured
|
|||||
8,040
|
Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of
|
No Opt. Call
|
A+
|
2,419,236
|
|
Participation, Series 2006, 0.000%, 10/01/34 – FGIC Insured
|
|||||
1,500
|
Placer Union High School District, Placer County, California, General Obligation Bonds, Series
|
No Opt. Call
|
AA
|
545,400
|
|
2004C, 0.000%, 8/01/32 – AGM Insured
|
|||||
8,000
|
Poway Unified School District, San Diego County, California, School Facilities Improvement
|
No Opt. Call
|
Aa2
|
2,974,480
|
|
District 2007-1 General Obligation Bonds, Series 2009A, 0.000%, 8/01/32
|
|||||
3,940
|
Rancho Mirage Redevelopment Agency, California, Tax Allocation Bonds, Combined Whitewater and
|
No Opt. Call
|
A+
|
1,133,183
|
|
1984 Project Areas, Series 2003A, 0.000%, 4/01/35 – NPFG Insured
|
|||||
1,030
|
Riverside Public Financing Authority, California, Tax Allocation Bonds, University Corridor,
|
8/17 at 100.00
|
A
|
970,157
|
|
Series 2007C, 5.000%, 8/01/37 – NPFG Insured
|
|||||
1,250
|
San Jose, California, Airport Revenue Bonds, Series 2004D, 5.000%, 3/01/28 – NPFG Insured
|
3/14 at 100.00
|
A
|
1,273,150
|
|
69,200
|
Total California
|
31,629,969
|
|||
Colorado – 5.9%
|
|||||
1,540
|
Arkansas River Power Authority, Colorado, Power Revenue Bonds, Series 2006, 5.250%, 10/01/40 –
|
10/16 at 100.00
|
BBB–
|
1,467,035
|
|
SYNCORA GTY Insured
|
|||||
400
|
Colorado Department of Transportation, Certificates of Participation, Series 2004, 5.000%,
|
6/14 at 100.00
|
AA– (4)
|
418,100
|
|
6/15/34 (Pre-refunded 6/15/14) – NPFG Insured
|
|||||
2,000
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of
|
1/20 at 100.00
|
AA
|
2,029,940
|
|
Leavenworth Health Services Corporation, Series 2010A, 5.000%, 1/01/40
|
|||||
1,000
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Valley View Hospital
|
5/17 at 100.00
|
BBB+
|
987,490
|
|
Association, Series 2007, 5.250%, 5/15/42
|
|||||
475
|
Denver City and County, Colorado, Airport System Revenue Bonds, Series 1991D, 7.750%, 11/15/13
|
No Opt. Call
|
A+
|
487,649
|
|
(Alternative Minimum Tax)
|
|||||
3,000
|
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel,
|
12/13 at 100.00
|
N/R (4)
|
3,059,130
|
|
Senior Lien Series 2003A, 5.000%, 12/01/24 (Pre-refunded 12/01/13) – SYNCORA GTY Insured
|
|||||
5,520
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004B, 0.000%, 9/01/28 –
|
9/20 at 63.98
|
A
|
2,413,178
|
|
NPFG Insured
|
|||||
13,935
|
Total Colorado
|
10,862,522
|
|||
District of Columbia – 0.1%
|
|||||
240
|
District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds,
|
11/13 at 100.00
|
A1
|
242,388
|
|
Series 2001, 6.250%, 5/15/24
|
|||||
Florida – 2.4%
|
|||||
2,340
|
Collier County, Florida, Special Obligation Revenue Bonds, Refunding Series 2012, 4.000%, 10/01/13
|
No Opt. Call
|
AA
|
2,362,768
|
|
1,000
|
Florida Department of Environmental Protection, Everglades Restoration Revenue Bonds,
|
No Opt. Call
|
A1
|
1,000,310
|
|
Refunding Series 2010A, 4.000%, 7/01/13
|
|||||
1,000
|
Hillsborough County Industrial Development Authority, Florida, Hospital Revenue Bonds, Tampa
|
10/16 at 100.00
|
A3
|
1,014,700
|
|
General Hospital, Series 2006, 5.250%, 10/01/41
|
|||||
4,340
|
Total Florida
|
4,377,778
|
|||
Illinois – 12.7%
|
|||||
15
|
Chicago Metropolitan Housing Development Corporation, Illinois, FHA-Insured Section 8 Assisted
|
1/14 at 100.00
|
AA
|
15,040
|
|
Housing Development Revenue Refunding Bonds, Series 1992, 6.850%, 7/01/22
|
|||||
2,000
|
Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2006A, 4.625%, 1/01/31 –
|
1/16 at 100.00
|
AA–
|
2,009,160
|
|
AGM Insured
|
|||||
1,050
|
Illinois Finance Authority, Revenue Bonds, Loyola University of Chicago, Tender Option Bond
|
No Opt. Call
|
Aa1
|
1,109,199
|
|
Trust 1137, 9.436%, 7/01/15 (IF)
|
|||||
260
|
Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series 2013A,
|
7/23 at 100.00
|
A–
|
268,588
|
|
6.000%, 7/01/43 (WI/DD, Settling 7/11/13)
|
|||||
2,185
|
Illinois Finance Authority, Revenue Bonds, YMCA of Southwest Illinois, Series 2005, 5.000%,
|
9/15 at 100.00
|
Aa3
|
1,849,581
|
|
9/01/31 – RAAI Insured
|
|||||
750
|
Illinois Finance Authority, Student Housing Revenue Bonds, Educational Advancement Fund Inc.,
|
11/16 at 100.00
|
BBB+
|
769,245
|
|
University Center Project, Series 2006B, 5.000%, 5/01/25
|
|||||
1,500
|
Illinois Health Facilities Authority, Revenue Bonds, Evangelical Hospitals Corporation, Series
|
No Opt. Call
|
N/R (4)
|
1,879,680
|
|
1992C, 6.250%, 4/15/22 (ETM)
|
|||||
310
|
Illinois Health Facilities Authority, Revenue Bonds, Holy Family Medical Center, Series 1997,
|
9/13 at 100.00
|
A
|
310,502
|
|
5.125%, 8/15/17 – NPFG Insured
|
|||||
2,255
|
Illinois Health Facilities Authority, Revenue Refunding Bonds, Elmhurst Memorial Healthcare,
|
9/13 at 100.00
|
Baa2
|
2,263,862
|
|
Series 2002, 6.250%, 1/01/17
|
|||||
1,725
|
Illinois Housing Development Authority, Homeowner Mortgage Revenue Bonds, Series 2006C2,
|
2/16 at 100.00
|
AA
|
1,772,955
|
|
5.050%, 8/01/27 (Alternative Minimum Tax)
|
|||||
2,190
|
Illinois State, General Obligation Bonds, Refunding Series 2012, 5.000%, 8/01/23
|
No Opt. Call
|
A–
|
2,361,192
|
|
1,000
|
Kankakee & Will Counties Community Unit School District 5, Illinois, General Obligation Bonds,
|
No Opt. Call
|
Aa3
|
661,730
|
|
Series 2006, 0.000%, 5/01/23 – AGM Insured
|
|||||
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
|||||
Project, Series 2002A:
|
|||||
2,500
|
0.000%, 12/15/30 – NPFG Insured
|
No Opt. Call
|
AAA
|
1,033,950
|
|
4,775
|
0.000%, 12/15/31 – NPFG Insured
|
No Opt. Call
|
AAA
|
1,853,989
|
|
5,000
|
0.000%, 12/15/36 – NPFG Insured
|
No Opt. Call
|
AAA
|
1,415,900
|
|
2,000
|
0.000%, 6/15/37 – NPFG Insured
|
No Opt. Call
|
AAA
|
544,940
|
|
1,300
|
Schaumburg, Illinois, General Obligation Bonds, Series 2004B, 5.250%, 12/01/34 (Pre-refunded
|
12/14 at 100.00
|
AAA
|
1,392,170
|
|
12/01/14) – FGIC Insured
|
|||||
2,000
|
Springfield, Illinois, Electric Revenue Bonds, Senior Lien Series 2007, 5.000%, 3/01/22 –
|
3/17 at 100.00
|
A
|
2,099,600
|
|
NPFG Insured
|
|||||
32,815
|
Total Illinois
|
23,611,283
|
|||
Indiana – 6.0%
|
|||||
1,000
|
Franklin Community Multi-School Building Corporation, Johnson County, Indiana, First Mortgage
|
7/14 at 100.00
|
A+ (4)
|
1,049,470
|
|
Revenue Bonds, Series 2004, 5.000%, 7/15/22 (Pre-refunded 7/15/14) – FGIC Insured
|
|||||
3,520
|
Indiana Health Facility Financing Authority, Hospital Revenue Bonds, Methodist Hospitals Inc.,
|
9/13 at 100.00
|
BBB
|
3,524,330
|
|
Series 2001, 5.375%, 9/15/22
|
|||||
1,220
|
Indiana Health Facility Financing Authority, Hospital Revenue Refunding Bonds, Columbus
|
No Opt. Call
|
AA–
|
1,291,114
|
|
Regional Hospital, Series 1993, 7.000%, 8/15/15 – AGM Insured
|
|||||
2,440
|
Metropolitan School District Warren Township Vision 2005 School Building Corporation, Marion
|
No Opt. Call
|
AA+
|
2,443,758
|
|
County, Indiana, First Mortgage Bonds, Series 2008, 5.000%, 7/10/13 – AGM Insured
|
|||||
2,295
|
Shelbyville Central Renovation School Building Corporation, Indiana, First Mortgage Bonds,
|
7/15 at 100.00
|
AA+
|
2,357,539
|
|
Series 2005, 4.375%, 7/15/25 – NPFG Insured
|
|||||
1,000
|
Zionsville Community Schools Building Corporation, Indiana, First Mortgage Bonds, Series
|
No Opt. Call
|
AA–
|
522,560
|
|
2005Z, 0.000%, 7/15/28 – AGM Insured
|
|||||
11,475
|
Total Indiana
|
11,188,771
|
|||
Iowa – 2.7%
|
|||||
2,745
|
Iowa Finance Authority, Health Facility Revenue Bonds, Care Initiatives Project, Series 2006A,
|
7/16 at 100.00
|
BB+
|
2,827,570
|
|
5.000%, 7/01/20
|
|||||
1,330
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company
|
No Opt. Call
|
BB–
|
1,326,343
|
|
Project, Series 2013, 5.000%, 12/01/19
|
|||||
950
|
Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B,
|
6/17 at 100.00
|
B+
|
857,917
|
|
5.600%, 6/01/34
|
|||||
5,025
|
Total Iowa
|
5,011,830
|
|||
Kansas – 1.2%
|
|||||
Lawrence, Kansas, Hospital Revenue Bonds, Lawrence Memorial Hospital, Refunding Series 2006:
|
|||||
1,425
|
5.125%, 7/01/26
|
7/16 at 100.00
|
A1
|
1,460,069
|
|
700
|
4.875%, 7/01/36
|
7/16 at 100.00
|
A1
|
702,520
|
|
2,125
|
Total Kansas
|
2,162,589
|
|||
Maine – 0.0%
|
|||||
35
|
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Series 1999B, 6.000%,
|
9/13 at 100.00
|
Aaa
|
35,147
|
|
7/01/19 – NPFG Insured
|
|||||
Massachusetts – 0.9%
|
|||||
1,600
|
Massachusetts Water Pollution Abatement Trust, Pooled Loan Program Bonds, Series 2003-9,
|
8/13 at 100.00
|
AAA
|
1,606,927
|
|
5.000%, 8/01/23 (Pre-refunded 8/01/13)
|
|||||
Michigan – 1.7%
|
|||||
355
|
Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds,
|
7/22 at 100.00
|
A+
|
345,188
|
|
Refunding Senior Lien Series 2012A, 5.250%, 7/01/39
|
|||||
2,730
|
Detroit, Michigan, Sewer Disposal System Revenue Bonds, Second Lien, Series 2006B, 4.625%,
|
7/16 at 100.00
|
A
|
2,552,304
|
|
7/01/34 – FGIC Insured
|
|||||
250
|
Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont
|
9/18 at 100.00
|
A1
|
305,923
|
|
Hospital, Refunding Series 2009V, 8.250%, 9/01/39
|
|||||
3,335
|
Total Michigan
|
3,203,415
|
|||
Mississippi – 0.4%
|
|||||
725
|
Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial
|
9/14 at 100.00
|
AA–
|
755,138
|
|
Healthcare, Series 2004B-1, 5.000%, 9/01/24
|
|||||
Montana – 0.8%
|
|||||
1,440
|
Montana Facilities Finance Authority, Revenue Bonds, Sisters of Charity of Leavenworth Health
|
1/20 at 100.00
|
AA
|
1,464,984
|
|
Services Corporation, Composite Deal Series 2010A, 4.750%, 1/01/40
|
|||||
Nevada – 2.8%
|
|||||
1,000
|
Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran
|
1/20 at 100.00
|
A+
|
1,055,170
|
|
International Airport, Series 2010A, 5.250%, 7/01/42
|
|||||
1,625
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Series 2005A, 5.000%,
|
6/15 at 100.00
|
AA+
|
1,746,908
|
|
6/01/18 – FGIC Insured
|
|||||
2,500
|
North Las Vegas, Nevada, General Obligation Bonds, Series 2006, 5.000%, 5/01/36 – NPFG Insured
|
5/16 at 100.00
|
A
|
2,469,650
|
|
5,125
|
Total Nevada
|
5,271,728
|
|||
New Jersey – 1.1%
|
|||||
4,570
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006C,
|
No Opt. Call
|
A+
|
2,091,186
|
|
0.000%, 12/15/28 – AMBAC Insured
|
|||||
New Mexico – 2.7%
|
|||||
1,000
|
New Mexico Mortgage Finance Authority, Multifamily Housing Revenue Bonds, St Anthony, Series
|
9/17 at 100.00
|
N/R
|
1,010,740
|
|
2007A, 5.250%, 9/01/42 (Alternative Minimum Tax)
|
|||||
4,000
|
University of New Mexico, FHA-Insured Hospital Mortgage Revenue Bonds, University of Mexico
|
7/14 at 100.00
|
AA–
|
4,047,160
|
|
Hospital Project, Series 2004, 4.625%, 1/01/25 – AGM Insured
|
|||||
5,000
|
Total New Mexico
|
5,057,900
|
|||
New York – 4.2%
|
|||||
1,025
|
Dormitory Authority of the State of New York, FHA Insured Mortgage Hospital Revenue Bonds,
|
8/16 at 100.00
|
AAA
|
1,025,984
|
|
Kaleida Health, Series 2006, 4.700%, 2/15/35
|
|||||
2,385
|
Long Island Power Authority, New York, Electric System Revenue Bonds, Refunding Series 2010A,
|
No Opt. Call
|
A
|
2,476,846
|
|
5.000%, 5/01/14
|
|||||
1,250
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding
|
11/22 at 100.00
|
A
|
1,376,200
|
|
Series 2012F, 5.000%, 11/15/26
|
|||||
2,500
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
|
5/17 at 100.00
|
AAA
|
2,669,150
|
|
Series 2007B, 4.750%, 11/01/27
|
|||||
265
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
|
12/20 at 100.00
|
BBB–
|
296,042
|
|
Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/42
|
|||||
7,425
|
Total New York
|
7,844,222
|
|||
Ohio – 3.3%
|
|||||
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
|
|||||
Bonds, Senior Lien, Series 2007A-2:
|
|||||
1,345
|
5.375%, 6/01/24
|
6/17 at 100.00
|
B–
|
1,232,800
|
|
1,465
|
6.000%, 6/01/42
|
6/17 at 100.00
|
BB+
|
1,229,164
|
|
435
|
5.875%, 6/01/47
|
6/17 at 100.00
|
B
|
352,946
|
|
3,720
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
|
6/22 at 100.00
|
B
|
3,224,645
|
|
Bonds, Senior Lien, Series 2007A-3, 6.250%, 6/01/37
|
|||||
6,965
|
Total Ohio
|
6,039,555
|
|||
Oklahoma – 1.7%
|
|||||
3,000
|
Oklahoma Development Finance Authority, Revenue Bonds, St. John Health System, Series 2004,
|
2/14 at 100.00
|
A (4)
|
3,088,260
|
|
5.000%, 2/15/24 (Pre-refunded 2/15/14)
|
|||||
Pennsylvania – 2.3%
|
|||||
2,435
|
Dauphin County Industrial Development Authority, Pennsylvania, Water Development Revenue
|
No Opt. Call
|
A–
|
2,823,163
|
|
Refunding Bonds, Dauphin Consolidated Water Supply Company, Series 1992B, 6.700%, 6/01/17
|
|||||
500
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Widener University,
|
7/13 at 100.00
|
A–
|
501,505
|
|
Series 2003, 5.250%, 7/15/24
|
|||||
1,000
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Subordinate Special Revenue
|
12/20 at 100.00
|
AA
|
906,780
|
|
Bonds, Series 2010B, 0.000%, 12/01/30
|
|||||
3,935
|
Total Pennsylvania
|
4,231,448
|
|||
Puerto Rico – 2.7%
|
|||||
945
|
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.250%,
|
No Opt. Call
|
BBB
|
852,210
|
|
7/01/31 – AMBAC Insured
|
|||||
1,000
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
|
8/19 at 100.00
|
A+
|
1,040,200
|
|
2009A, 6.000%, 8/01/42
|
|||||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A:
|
|||||
1,170
|
0.000%, 8/01/40 – NPFG Insured
|
No Opt. Call
|
AA–
|
233,029
|
|
12,000
|
0.000%, 8/01/41 – NPFG Insured
|
No Opt. Call
|
AA–
|
2,247,480
|
|
9,015
|
0.000%, 8/01/54 – AMBAC Insured
|
No Opt. Call
|
AA–
|
683,968
|
|
24,130
|
Total Puerto Rico
|
5,056,887
|
|||
Rhode Island – 0.6%
|
|||||
1,150
|
Rhode Island Economic Development Corporation, Airport Revenue Bonds, Refunding Series 2005A,
|
7/15 at 100.00
|
A
|
1,136,729
|
|
4.625%, 7/01/26 – NPFG Insured (Alternative Minimum Tax)
|
|||||
South Carolina – 1.7%
|
|||||
1,500
|
Lexington County Health Service District, South Carolina, Hospital Revenue Refunding and
|
11/13 at 100.00
|
AA– (4)
|
1,529,190
|
|
Improvement Bonds, Series 2003, 6.000%, 11/01/18 (Pre-refunded 11/01/13)
|
|||||
1,500
|
Medical University Hospital Authority, South Carolina, FHA-Insured Mortgage Revenue Bonds,
|
8/14 at 100.00
|
A (4)
|
1,565,655
|
|
Series 2004A, 5.250%, 8/15/20 (Pre-refunded 8/15/14) – NPFG Insured
|
|||||
3,000
|
Total South Carolina
|
3,094,845
|
|||
South Dakota – 0.5%
|
|||||
1,000
|
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sioux Valley
|
11/14 at 100.00
|
A+
|
1,010,830
|
|
Hospitals, Series 2004A, 5.250%, 11/01/34
|
|||||
Texas – 8.9%
|
|||||
1,500
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2005, 5.000%,
|
1/15 at 100.00
|
A (4)
|
1,600,245
|
|
1/01/45 (Pre-refunded 1/01/15) – FGIC Insured
|
|||||
250
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2011,
|
1/21 at 100.00
|
Baa2
|
269,705
|
|
6.000%, 1/01/41
|
|||||
2,500
|
Harris County Health Facilities Development Corporation, Texas, Thermal Utility Revenue Bonds,
|
11/13 at 100.00
|
AA (4)
|
2,544,400
|
|
TECO Project, Series 2003, 5.000%, 11/15/30 (Pre-refunded 11/15/13) – NPFG Insured
|
|||||
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Junior Lien Series 2001H:
|
|||||
1,095
|
0.000%, 11/15/32 – NPFG Insured
|
11/31 at 94.05
|
A
|
341,892
|
|
2,510
|
0.000%, 11/15/36 – NPFG Insured
|
11/31 at 73.51
|
A
|
596,401
|
|
1,885
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Third Lien Series 2004A-3,
|
11/24 at 62.70
|
A
|
589,345
|
|
0.000%, 11/15/32 – NPFG Insured
|
|||||
4,095
|
Harris County-Houston Sports Authority, Texas, Senior Lien Revenue Refunding Bonds, Series
|
11/30 at 61.17
|
A
|
904,053
|
|
2001A, 0.000%, 11/15/38 – NPFG Insured
|
|||||
1,275
|
Kerrville Health Facilities Development Corporation, Texas, Revenue Bonds, Sid Peterson
|
2/16 at 100.00
|
BBB–
|
1,282,357
|
|
Memorial Hospital Project, Series 2005, 5.375%, 8/15/35
|
|||||
2,255
|
Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds,
|
11/20 at 100.00
|
BBB–
|
2,238,651
|
|
Southwest Airlines Company, Series 2010, 5.250%, 11/01/40
|
|||||
290
|
North Texas Tollway Authority, First Tier System Revenue Refunding Bonds, Capital Appreciation
|
1/25 at 100.00
|
AA–
|
305,901
|
|
Series 2008I, 0.000%, 1/01/42 – AGC Insured
|
|||||
3,000
|
Texas State, Public Finance Authority Revenue Bonds, Unemployment Compensation Obligation
|
No Opt. Call
|
Aaa
|
3,001,200
|
|
Assessment, Series 2010A, 5.000%, 7/01/13
|
|||||
1,000
|
Texas Water Development Board, State Revolving Fund Revenue Bonds, Subordinate Lien Series
|
No Opt. Call
|
AAA
|
1,002,290
|
|
2009A-1, 5.000%, 7/15/13
|
|||||
1,750
|
Texas, General Obligation Bonds, Water Financial Assistance Program, Series 2003A, 5.125%,
|
8/13 at 100.00
|
Aaa
|
1,750,700
|
|
8/01/42 (Alternative Minimum Tax)
|
|||||
23,405
|
Total Texas
|
16,427,140
|
|||
Utah – 0.8%
|
|||||
5,465
|
Utah Transit Authority, Sales Tax Revenue Bonds, Series 2007A, 0.000%, 6/15/36
|
6/17 at 38.77
|
A1
|
1,523,697
|
|
Virginia – 2.1%
|
|||||
1,000
|
Henrico County Economic Development Authority, Virginia, Residential Care Facility Revenue
|
9/13 at 102.500
|
BBB
|
1,003,540
|
|
Bonds, Westminster Canterbury of Richmond, Series 2006, 5.000%, 10/01/35
|
|||||
1,000
|
Virginia Public Building Authority, Public Facilities Revenue Bonds, Series 2005A, 5.000%, 8/01/13
|
No Opt. Call
|
AA+
|
1,004,440
|
|
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River
|
|||||
Crossing, Opco LLC Project, Series 2012:
|
|||||
500
|
6.000%, 1/01/37 (Alternative Minimum Tax)
|
7/22 at 100.00
|
BBB–
|
511,160
|
|
1,510
|
5.500%, 1/01/42 (Alternative Minimum Tax)
|
7/22 at 100.00
|
BBB–
|
1,449,223
|
|
4,010
|
Total Virginia
|
3,968,363
|
|||
Washington – 2.8%
|
|||||
990
|
Washington Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer Research
|
1/21 at 100.00
|
A
|
1,034,946
|
|
Center, Series 2011A, 5.625%, 1/01/35
|
|||||
4,000
|
Washington Health Care Facilities Authority, Revenue Bonds, Providence Health & Services,
|
10/22 at 100.00
|
AA
|
4,119,240
|
|
Series 2012A, 5.000%, 10/01/32
|
|||||
4,990
|
Total Washington
|
5,154,186
|
Wisconsin – 1.5%
|
|||||
1,250
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic,
|
2/22 at 100.00
|
A–
|
1,265,225
|
|
Series 2012B, 5.000%, 2/15/32
|
|||||
1,440
|
Wisconsin, General Obligation Refunding Bonds, Series 2003-3, 5.000%, 11/01/26
|
11/13 at 100.00
|
AA
|
1,461,917
|
|
2,690
|
Total Wisconsin
|
2,727,142
|
|||
$ 254,825
|
Total Municipal Bonds (cost $164,623,008)
|
172,131,242
|
Principal
|
||||||
Amount (000)
|
Description (1)
|
Coupon
|
Maturity
|
Ratings (3)
|
Value
|
|
Corporate Bonds – 0.0%
|
||||||
Transportation – 0.0%
|
||||||
$ 84
|
Las Vegas Monorail Company, Senior Interest Bonds (5), (6)
|
5.500%
|
7/15/19
|
N/R
|
$ 21,019
|
|
25
|
Las Vegas Monorail Company, Senior Interest Bonds (5), (6)
|
3.000%
|
7/15/55
|
N/R
|
4,920
|
|
$ 109
|
Total Corporate Bonds (cost $2,067)
|
25,939
|
||||
Principal
|
Optional Call
|
|||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
||
Short-Term Investments – 1.9%
|
||||||
Texas – 1.9%
|
||||||
$ 3,520
|
Texas State, Tax and Revenue Anticipation Notes, Series 2012, 2.500%, 8/30/13 (7)
|
No Opt. Call
|
SP-1+
|
$ 3,534,538
|
||
Total Short-Term Investments (cost $3,533,560)
|
3,534,538
|
|||||
Total Investments (cost $168,158,635) – 94.7%
|
175,691,719
|
|||||
Other Assets Less Liabilities – 5.3%
|
9,850,457
|
|||||
Net Assets – 100%
|
$ 185,542,176
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Long-Term Investments:
|
||||
Municipal Bonds
|
$ —
|
$172,131,242
|
$ —
|
$172,131,242
|
Corporate Bonds
|
—
|
—
|
25,939
|
25,939
|
Short-Term Investments:
|
||||
Municipal Bonds
|
—
|
3,534,538
|
—
|
3,534,538
|
Total
|
$ —
|
$175,665,780
|
$25,939
|
$175,691,719
|
Gross unrealized:
|
|
Appreciation
|
$10,209,565
|
Depreciation
|
(1,902,703)
|
Net unrealized appreciation (depreciation) of investments
|
$ 8,306,862
|
(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)
|
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.
|
||
(5)
|
Investment valued at fair value using methods determined in good faith by, or at the discretion of, the
|
|
Board of Trustees. For fair value measurement disclosure purposes, investment classified as Level 3.
|
||
(6)
|
During January 2010, Las Vegas Monorail Company (“Las Vegas Monorail”) filed for federal bankruptcy
|
|
protection. During March 2012, Las Vegas Monorail emerged from federal bankruptcy with the acceptance
|
||
of a reorganization plan assigned by the Federal Bankruptcy Court. Under the reorganization plan, the Fund
|
||
surrendered its Las Vegas Monorail Project Revenue Bonds, First Tier, Series 2000 and in turn received
|
||
two senior interest corporate bonds: the first with an annual coupon rate of 5.500% maturing on
|
||
July 15, 2019 and the second with an annual coupon rate of 3.000% (5.500% after December 31, 2015)
|
||
maturing on July 15, 2055. The Fund’s custodian is not accruing income on the Fund’s records for either
|
||
senior interest corporate bond.
|
||
(7)
|
Investment has a maturity of more than a year, but has variable rate and demand features which qualify it
|
|
as a short-term investment. The rate disclosed is that in effect at the end of the reporting period. This rate
|
||
changes periodically based on market conditions or a specified market index.
|
||
N/R
|
Not rated.
|
|
WI/DD
|
Investment, or portion of investment purchased on a when-issued or delayed delivery basis.
|
|
(ETM)
|
Escrowed to maturity.
|
(IF)
|
Inverse floating rate investment.
|
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.
|