Portfolio of Investments | |||||
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Nuveen Virginia Premium Income Municipal Fund (NPV)
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August 31, 2016 (Unaudited)
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Principal
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Optional Call
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Amount (000)
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Description (1)
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Provisions (2)
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Ratings (3)
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Value
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LONG-TERM INVESTMENTS – 144.8% (98.0% of Total Investments)
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MUNICIPAL BONDS – 144.8% (98.0% of Total Investments)
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Consumer Staples – 6.0% (4.0% of Total Investments)
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Guam Economic Development & Commerce Authority, Tobacco Settlement Asset-Backed Bonds,
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Series 2007A:
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$ 630
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5.250%, 6/01/32
|
6/17 at 100.00
|
N/R
|
$ 632,545
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|
700
|
5.625%, 6/01/47
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6/17 at 100.00
|
N/R
|
700,168
|
|
8,135
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Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds,
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6/17 at 100.00
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B–
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7,972,869
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Series 2007B1, 5.000%, 6/01/47
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6,645
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Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset-Backed Bonds,
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6/17 at 100.00
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B–
|
6,653,040
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Series 2007B2, 5.200%, 6/01/46
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180
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Tobacco Settlement Financing Corporation, Virgin Islands, Tobacco Settlement Asset-Backed
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11/16 at 100.00
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A3
|
180,092
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Bonds, Series 2001, 5.000%, 5/15/31
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|
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16,290
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Total Consumer Staples
|
|
|
16,138,714
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|
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Education and Civic Organizations – 9.7% (6.6% of Total Investments)
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|
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1,615
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Alexandria Industrial Development Authority, Virginia, Educational Facilities Revenue Bonds,
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No Opt. Call
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A1
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1,721,832
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|
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Episcopal High School, Series 2012, 3.750%, 1/01/30
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|
|
|
|
580
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Amherst Industrial Development Authority, Virginia, Revenue Bonds, Sweet Briar College, Series
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9/16 at 100.00
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CCC
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562,687
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|
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2006, 5.000%, 9/01/26
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|
|
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|
1,630
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Prince William County Industrial Development Authority, Virginia, Student Housing Revenue
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9/21 at 100.00
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A
|
1,901,053
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|
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Bonds, George Mason University Foundation Prince William Housing LLC Project, Series 2011A,
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5.125%, 9/01/41
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2,500
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The Rector and Visitors of the University of Virginia, General Pledge Revenue Bonds, Green
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4/25 at 100.00
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AAA
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3,073,300
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Series 2015A-2, 5.000%, 4/01/45
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|
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8,500
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The Rector and Visitors of the University of Virginia, General Revenue Bonds, Series 2008,
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6/18 at 100.00
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AAA
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9,142,682
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5.000%, 6/01/40
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|
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1,900
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Virginia College Building Authority, Educational Facilities Revenue Bonds, Marymount
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7/25 at 100.00
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BB+
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2,103,224
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University Project, Green Series 2015B, 5.000%, 7/01/45
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2,000
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Virginia College Building Authority, Educational Facilities Revenue Bonds, Public Higher
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9/26 at 100.00
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Aa1
|
2,572,040
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Education Financing Program, Refunding Series 2016A, 5.000%, 9/01/29
|
|
|
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2,700
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Virginia College Building Authority, Educational Facilities Revenue Bonds, Washington and Lee
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No Opt. Call
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AA
|
2,987,361
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University, Series 2001, 5.375%, 1/01/21
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|
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1,460
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Virginia College Building Authority, Educational Facilities Revenue Bonds, Washington and Lee
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1/25 at 100.00
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AA
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1,764,731
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University, Series 2015A, 5.000%, 1/01/40
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500
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Virginia Small Business Finance Authority, Educational Facilities Revenue Bonds, Roanoke
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4/20 at 100.00
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A–
|
573,340
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|
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College, Series 2011, 5.750%, 4/01/41
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|
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23,385
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Total Education and Civic Organizations
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|
|
26,402,250
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Health Care – 22.1% (15.0% of Total Investments)
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5,000
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Arlington County Industrial Development Authority, Virginia, Hospital Facility Revenue Bonds,
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7/20 at 100.00
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AA–
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5,576,200
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Virginia Hospital Center Arlington Health System, Refunding Series 2010, 5.000%, 7/01/31
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Charlotte County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Halifax
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Regional Hospital Incorporated, Series 2007:
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1,545
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5.000%, 9/01/27
|
9/17 at 100.00
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A
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1,598,256
|
|
250
|
5.000%, 9/01/37
|
9/17 at 100.00
|
A
|
257,843
|
|
2,145
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Chesterfield County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours
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11/20 at 100.00
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AA
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2,430,371
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|
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Health, Series 2010C-2, 5.000%, 11/01/42 – AGC Insured
|
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3,375
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Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives,
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1/23 at 100.00
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A–
|
3,895,088
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Series 2013A, 5.250%, 1/01/40
|
|
|
|
|
1,060
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Fairfax County Industrial Development Authority, Virginia, Health Care Revenue Bonds, Inova
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5/19 at 100.00
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AA+
|
1,192,150
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Health System Project, Series 2009A, 5.500%, 5/15/35
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1,000
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Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Inova
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5/22 at 100.00
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AA+
|
1,175,120
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|
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Health System, Series 2012A, 5.000%, 5/15/40
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3,340
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Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Inova
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5/19 at 100.00
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AA+
|
4,603,823
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Health System, Tender Option Bond Trust 2016-XG0021, 13.825%, 11/15/29 (IF)
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4,950
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Fairfax County Industrial Development Authority, Virginia, Hospital Revenue Refunding Bonds,
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No Opt. Call
|
AA+
|
5,882,184
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Inova Health System, Series 1993A, 5.000%, 8/15/23
|
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Fredericksburg Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds,
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MediCorp Health System, Series 2007:
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|
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1,080
|
5.250%, 6/15/18
|
No Opt. Call
|
Baa1
|
1,144,238
|
|
2,500
|
5.250%, 6/15/23
|
No Opt. Call
|
Baa1
|
2,942,050
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|
300
|
Hanover County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Memorial
|
No Opt. Call
|
AA–
|
315,753
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|
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Regional Medical Center, Series 1995, 6.375%, 8/15/18 – NPFG Insured
|
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|
1,500
|
Henrico County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Bon
|
No Opt. Call
|
AA–
|
1,664,955
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|
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Secours Health System, Series 1996, 6.250%, 8/15/20 – NPFG Insured
|
|
|
|
|
3,500
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Industrial Development Authority of the City of Newport News, Virginia, Health System Revenue
|
7/25 at 100.00
|
N/R
|
3,770,655
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|
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Bonds, Riverside Health System, Series 2015A, 5.330%, 7/01/45
|
|
|
|
|
3,155
|
Prince William County Industrial Development Authority, Virginia, Health Care Facilities
|
11/22 at 100.00
|
AA–
|
3,602,095
|
|
|
Revenue Bonds, Novant Health Obligated Group-Prince William Hospital, Refunding Series 2013B,
|
|
|
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|
5.000%, 11/01/46
|
|
|
|
|
1,360
|
Stafford County Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds,
|
6/26 at 100.00
|
Baa1
|
1,473,968
|
|
|
Mary Washington Healthcare Obligated Group, Refunding Series 2016, 4.000%, 6/15/37
|
|
|
|
|
2,955
|
Virginia Small Business Finance Authority, Healthcare Facilities Revenue Bonds, Sentara
|
5/20 at 100.00
|
AA
|
3,337,259
|
|
|
Healthcare, Refunding Series 2010, 5.000%, 11/01/40
|
|
|
|
|
4,425
|
Virginia Small Business Financing Authority, Wellmont Health System Project Revenue Bonds,
|
9/17 at 100.00
|
BBB+
|
4,574,521
|
|
|
Series 2007A, 5.250%, 9/01/37
|
|
|
|
|
2,335
|
Winchester Economic Development Authority, Virginia, Hospital Revenue Bonds, Valley Health
|
1/24 at 100.00
|
A+
|
2,726,393
|
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System Obligated Group, Refunding Series 2014A, 5.000%, 1/01/44
|
|
|
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Winchester Economic Development Authority, Virginia, Hospital Revenue Bonds, Valley Health
|
|
|
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|
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System Obligated Group, Refunding Series 2015:
|
|
|
|
|
1,500
|
5.000%, 1/01/33
|
1/26 at 100.00
|
A+
|
1,827,840
|
|
1,000
|
5.000%, 1/01/35
|
1/26 at 100.00
|
A+
|
1,211,100
|
|
2,000
|
4.000%, 1/01/37
|
1/26 at 100.00
|
A+
|
2,226,280
|
|
1,215
|
5.000%, 1/01/44
|
1/26 at 100.00
|
A+
|
1,452,447
|
|
1,020
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care,
|
4/20 at 100.00
|
A2
|
1,150,458
|
|
|
Inc., Series 2010A, 5.625%, 4/15/39
|
|
|
|
|
52,510
|
Total Health Care
|
|
|
60,031,047
|
|
|
Housing/Multifamily – 5.0% (3.4% of Total Investments)
|
|
|
|
|
865
|
Arlington County Industrial Development Authority, Virginia, Multifamily Housing Mortgage
|
12/16 at 100.00
|
AA
|
867,699
|
|
|
Revenue Bonds, Arlington View Terrace Apartments, Series 2001, 5.150%, 11/01/31
|
|
|
|
|
|
(Alternative Minimum Tax)
|
|
|
|
|
400
|
Virginia Housing Development Authority, Rental Housing Bonds, Series 2010A, 5.000%, 4/01/45
|
10/19 at 100.00
|
AA+
|
422,416
|
|
530
|
Virginia Housing Development Authority, Rental Housing Bonds, Series 2010C, 4.550%, 8/01/32
|
2/20 at 100.00
|
AA+
|
570,105
|
|
1,000
|
Virginia Housing Development Authority, Rental Housing Bonds, Series 2012A, 3.625%, 3/01/32
|
3/21 at 100.00
|
AA+
|
1,043,700
|
|
|
Virginia Housing Development Authority, Rental Housing Bonds, Series 2015A:
|
|
|
|
|
1,000
|
3.500%, 3/01/35
|
3/24 at 100.00
|
AA+
|
1,037,450
|
|
1,000
|
3.625%, 3/01/39
|
3/24 at 100.00
|
AA+
|
1,045,810
|
|
900
|
Virginia Housing Development Authority, Rental Housing Bonds, Series 2015C, 4.000%, 8/01/45
|
8/24 at 100.00
|
AA+
|
961,677
|
|
2,750
|
Virginia Housing Development Authority, Rental Housing Bonds, Series 2015E, 3.750%, 12/01/40
|
12/24 at 100.00
|
AA+
|
2,926,550
|
|
|
Virginia Housing Development Authority, Rental Housing Bonds, Series 2016B:
|
|
|
|
|
1,500
|
3.350%, 5/01/36
|
5/25 at 100.00
|
AA+
|
1,544,385
|
|
1,500
|
3.550%, 5/01/41
|
5/25 at 100.00
|
AA+
|
1,555,545
|
|
1,390
|
Waynesboro Redevelopment and Housing Authority, Virginia, Multifamily Housing Revenue Bonds,
|
4/20 at 100.00
|
AA+
|
1,479,599
|
|
|
Epworth Manor, GNMA Collateralized Series 2010, 5.000%, 10/20/51
|
|
|
|
|
12,835
|
Total Housing/Multifamily
|
|
|
13,454,936
|
|
|
Housing/Single Family – 2.5% (1.7% of Total Investments)
|
|
|
|
|
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2012C-5:
|
|
|
|
|
2,500
|
4.550%, 7/01/31
|
10/22 at 100.00
|
AAA
|
2,792,000
|
|
2,000
|
4.800%, 7/01/38
|
10/22 at 100.00
|
AAA
|
2,214,020
|
|
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2012C-8:
|
|
|
|
|
715
|
4.400%, 10/01/31
|
10/22 at 100.00
|
AAA
|
788,237
|
|
1,000
|
4.750%, 10/01/38
|
10/22 at 100.00
|
AAA
|
1,101,300
|
|
6,215
|
Total Housing/Single Family
|
|
|
6,895,557
|
|
|
Long-Term Care – 5.2% (3.5% of Total Investments)
|
|
|
|
|
2,000
|
Albemarle County Industrial Development Authority, Virginia, Residential Care Facilities
|
1/17 at 100.00
|
N/R
|
2,011,420
|
|
|
Mortgage Revenue Bonds, Westminster-Canterbury of the Blue Ridge, Series 2007, 5.000%, 1/01/31
|
|
|
|
|
|
Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Mortgage
|
|
|
|
|
|
Revenue Bonds, Goodwin House, Inc., Series 2016A:
|
|
|
|
|
1,100
|
5.000%, 10/01/42 (WI/DD, Settling 9/28/16)
|
10/24 at 102.00
|
BBB
|
1,296,669
|
|
700
|
4.000%, 10/01/42 (WI/DD, Settling 9/28/16)
|
10/24 at 102.00
|
BBB
|
755,419
|
|
|
Fairfax County Economic Development Authority, Virginia, Retirement Center Revenue Bonds,
|
|
|
|
|
|
Greenspring Village, Series 2006A:
|
|
|
|
|
1,000
|
4.750%, 10/01/26
|
10/16 at 100.00
|
A+
|
1,003,440
|
|
800
|
4.875%, 10/01/36
|
10/16 at 100.00
|
A+
|
802,520
|
|
875
|
Henrico County Economic Development Authority, Virginia, Residential Care Facility Revenue
|
10/20 at 100.00
|
BBB+
|
909,230
|
|
|
Bonds, Westminster Canterbury of Richmond, Refunding Series 2015, 4.000%, 10/01/35
|
|
|
|
|
3,590
|
Industrial Development Authority of the County of Prince William, Virginia, Residential Care
|
1/17 at 100.00
|
N/R
|
3,600,303
|
|
|
Facility Revenue Bonds, Westminster at Lake, First Mortgage, Series 2006, 5.125%, 1/01/26
|
|
|
|
|
1,000
|
Roanoke Economic Development Authority, Virginia, Residential Care Facility Mortgage Revenue
|
12/22 at 100.00
|
N/R
|
1,032,250
|
|
|
Refunding Bonds, Virginia Lutheran Homes Brandon Oaks Project, Series 2012, 4.625%, 12/01/27
|
|
|
|
|
1,500
|
Roanoke Industrial Development Authority, Virginia, Residential Revenue Bonds, Virginia
|
12/16 at 100.00
|
N/R
|
1,501,665
|
|
|
Lutheran Homes Incorporated, Series 2006, 5.000%, 12/01/39
|
|
|
|
|
1,150
|
Suffolk Industrial Development Authority, Virginia, Retirement Facilities First Mortgage
|
9/16 at 100.00
|
N/R
|
1,151,104
|
|
|
Revenue Bonds, Lake Prince Center, Series 2006, 5.300%, 9/01/31
|
|
|
|
|
13,715
|
Total Long-Term Care
|
|
|
14,064,020
|
|
|
Tax Obligation/General – 3.7% (2.5% of Total Investments)
|
|
|
|
|
1,440
|
Bristol, Virginia, General Obligation Bonds, Refunding & Improvement Series 2010,
|
7/20 at 100.00
|
A
|
1,633,061
|
|
|
5.000%, 7/15/25
|
|
|
|
|
2,000
|
Fairfax County, Virginia, General Obligation Bonds, Public Improvement Series 2015A,
|
No Opt. Call
|
AAA
|
2,263,160
|
|
|
5.000%, 10/01/19
|
|
|
|
|
1,900
|
Fairfax County, Virginia, General Obligation Bonds, Refunding Public Improvement Series 2015C,
|
No Opt. Call
|
AAA
|
2,072,596
|
|
|
5.000%, 10/01/18
|
|
|
|
|
2,340
|
Norfolk, Virginia, General Obligation Bonds, Capital Improvement Series 2012C, 4.000%, 10/01/16
|
No Opt. Call
|
AA+
|
2,347,090
|
|
150
|
Portsmouth, Virginia, General Obligation Bonds, Refunding Series 2010D, 5.000%, 7/15/34
|
7/20 at 100.00
|
AA
|
171,876
|
|
1,250
|
Richmond, Virginia, General Obligation Bonds, Refunding Public Improvement Series 2014A,
|
No Opt. Call
|
AA+
|
1,382,988
|
|
|
5.000%, 3/01/19
|
|
|
|
|
9,080
|
Total Tax Obligation/General
|
|
|
9,870,771
|
|
|
Tax Obligation/Limited – 26.6% (18.0% of Total Investments)
|
|
|
|
|
|
Buena Vista Public Recreational Facilities Authority, Virginia, Lease Revenue Bonds, Golf
|
|
|
|
|
|
Course Project, Series 2005A:
|
|
|
|
|
510
|
5.250%, 7/15/25 – ACA Insured
|
11/16 at 100.00
|
N/R
|
467,033
|
|
520
|
5.500%, 7/15/35 – ACA Insured
|
11/16 at 100.00
|
N/R
|
473,819
|
|
315
|
Cumberland County, Virginia, Certificates of Participation, Series 1997, 6.375%, 7/15/17
|
No Opt. Call
|
N/R
|
325,628
|
|
600
|
Dulles Town Center Community Development Authority, Loudon County, Virginia Special Assessment
|
No Opt. Call
|
N/R
|
629,178
|
|
|
Refunding Bonds, Dulles Town Center Project, Series 2012, 4.250%, 3/01/26
|
|
|
|
|
100
|
Embrey Mill Community Development Authority, Virginia, Special Assessment Revenue Bonds,
|
3/25 at 100.00
|
N/R
|
104,639
|
|
|
Series 2015, 5.600%, 3/01/45
|
|
|
|
|
1,680
|
Fairfax County Economic Development Authority, Virginia, Transportation Contract Revenue
|
4/26 at 100.00
|
AA+
|
1,700,983
|
|
|
Bonds, Route 28 Project, Refunding Series 2016B, 3.000%, 4/01/37
|
|
|
|
|
|
Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D:
|
|
|
|
|
3,000
|
5.000%, 11/15/31
|
11/25 at 100.00
|
A
|
3,471,540
|
|
3,000
|
5.000%, 11/15/33
|
11/25 at 100.00
|
A
|
3,445,560
|
|
|
Government of Guam, Business Privilege Tax Bonds, Series 2011A:
|
|
|
|
|
1,020
|
5.000%, 1/01/31
|
1/22 at 100.00
|
A
|
1,138,993
|
|
500
|
5.250%, 1/01/36
|
1/22 at 100.00
|
A
|
557,655
|
|
925
|
Greater Richmond Convention Center Authority, Virginia, Hotel Tax Revenue Bonds, Refunding
|
No Opt. Call
|
A+
|
1,030,117
|
|
|
Series 2015, 5.000%, 6/15/19
|
|
|
|
|
|
Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2016A:
|
|
|
|
|
1,000
|
5.000%, 12/01/34
|
12/26 at 100.00
|
BBB+
|
1,201,720
|
|
1,675
|
5.000%, 12/01/46
|
12/26 at 100.00
|
BBB+
|
1,994,724
|
|
645
|
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.500%,
|
No Opt. Call
|
CC
|
698,471
|
|
|
7/01/29 – AMBAC Insured
|
|
|
|
|
|
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005A:
|
|
|
|
|
5,085
|
0.000%, 7/01/29 – AMBAC Insured
|
No Opt. Call
|
Ca
|
2,286,826
|
|
5,000
|
0.000%, 7/01/43 – AMBAC Insured
|
No Opt. Call
|
Ca
|
865,300
|
|
5,875
|
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005C,
|
No Opt. Call
|
Ca
|
2,685,874
|
|
|
0.000%, 7/01/28 – AMBAC Insured
|
|
|
|
|
10,000
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%,
|
No Opt. Call
|
AA–
|
2,420,600
|
|
|
8/01/41 – NPFG Insured
|
|
|
|
|
760
|
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Refunding Series
|
No Opt. Call
|
AA–
|
841,981
|
|
|
2007CC, 5.500%, 7/01/28 – NPFG Insured
|
|
|
|
|
5
|
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 2003AA,
|
No Opt. Call
|
AA–
|
5,278
|
|
|
5.500%, 7/01/18 – NPFG Insured
|
|
|
|
|
65
|
Stafford County and Staunton Industrial Development Authority, Virginia, Revenue Bonds,
|
2/17 at 100.00
|
N/R
|
65,588
|
|
|
Virginia Municipal League and Virginia Association of Counties Finance Program, Series 2007C,
|
|
|
|
|
|
5.000%, 2/01/37 – SYNCORA GTY Insured
|
|
|
|
|
1,000
|
Stafford County Economic Development Authority, Virginia, Public Project Lease Revenue Bonds,
|
4/18 at 100.00
|
AA+
|
1,062,470
|
|
|
Series 2008, 5.000%, 4/01/33 – AGC Insured (UB)
|
|
|
|
|
1,500
|
Virgin Islands Public Finance Authority, Federal Highway Grant Anticipation Loan Note Revenue
|
9/25 at 100.00
|
A
|
1,741,935
|
|
|
Bonds, Series 2015, 5.000%, 9/01/30
|
|
|
|
|
2,240
|
Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Working Capital
|
10/24 at 100.00
|
AA
|
2,509,875
|
|
|
Series 2014A, 5.000%, 10/01/34 – AGM Insured
|
|
|
|
|
1,750
|
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Senior Lien
|
10/20 at 100.00
|
BBB
|
1,752,555
|
|
|
Series 2010A, 5.000%, 10/01/29
|
|
|
|
|
2,600
|
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Senior Lien,
|
No Opt. Call
|
AA
|
3,048,500
|
|
|
Refunding Series 2013B, 5.000%, 10/01/24 – AGM Insured
|
|
|
|
|
1,000
|
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Senior Lien,
|
No Opt. Call
|
AA
|
1,142,590
|
|
|
Series 2013A, 5.000%, 10/01/24 – AGM Insured
|
|
|
|
|
1,000
|
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Series 2009B,
|
10/19 at 100.00
|
BBB
|
1,007,250
|
|
|
5.000%, 10/01/25
|
|
|
|
|
|
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Series 2012A:
|
|
|
|
|
600
|
5.000%, 10/01/32
|
10/22 at 100.00
|
BBB
|
603,822
|
|
1,725
|
5.000%, 10/01/32 – AGM Insured
|
10/22 at 100.00
|
AA
|
1,886,374
|
|
1,950
|
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Subordinate
|
10/20 at 100.00
|
BBB–
|
1,953,881
|
|
|
Lien Series 2010B, 5.250%, 10/01/29
|
|
|
|
|
|
Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century
|
|
|
|
|
|
College Program, Series 2011A:
|
|
|
|
|
500
|
5.000%, 2/01/17
|
No Opt. Call
|
AA+
|
509,475
|
|
1,200
|
4.000%, 2/01/29
|
No Opt. Call
|
AA+
|
1,332,612
|
|
1,195
|
Virginia Commonwealth Transportation Board, Federal Transportation Grant Anticipation Revenue
|
No Opt. Call
|
Aa1
|
1,197,151
|
|
|
Notes, Series 2012A, 5.000%, 9/15/16
|
|
|
|
|
1,100
|
Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Refunding Series
|
No Opt. Call
|
AA+
|
1,342,374
|
|
|
2012A, 5.000%, 8/01/24
|
|
|
|
|
2,970
|
Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2016A,
|
No Opt. Call
|
AA+
|
3,091,770
|
|
|
5.000%, 8/01/17
|
|
|
|
|
5,260
|
Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Financing Program, Series
|
No Opt. Call
|
AAA
|
6,357,604
|
|
|
2012A, 5.000%, 11/01/42
|
|
|
|
|
95
|
Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program, Series
|
11/16 at 100.00
|
AA
|
95,358
|
|
|
2002A, 5.000%, 5/01/19
|
|
|
|
|
1,050
|
Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program, Series
|
11/26 at 100.00
|
AAA
|
1,371,468
|
|
|
2016b, 5.000%, 11/01/28
|
|
|
|
|
2,325
|
Virginia Transportation Board, Transportation Revenue Bonds, Capital Projects, Series 2011,
|
No Opt. Call
|
AA+
|
2,399,214
|
|
|
5.000%, 5/15/17
|
|
|
|
|
4,500
|
Virginia Transportation Board, Transportation Revenue Bonds, Capital Projects, Series 2014,
|
5/24 at 100.00
|
AA+
|
5,108,670
|
|
|
4.000%, 5/15/31
|
|
|
|
|
1,220
|
Virginia Transportation Board, Transportation Revenue Bonds, U.S. Route 58 Corridor
|
No Opt. Call
|
AA+
|
1,258,942
|
|
|
Development Program, Series 2007B, 5.000%, 5/15/17
|
|
|
|
|
2,500
|
Virginia Transportation Board, Transportation Revenue Bonds, U.S. Route 58 Corridor
|
No Opt. Call
|
AA+
|
2,579,800
|
|
|
Development Program, Series 2014B, 5.000%, 5/15/17
|
|
|
|
|
2,000
|
Western Virginia Regional Jail Authority, Virginia, Facility Revenue Bonds, Refunding Series
|
12/26 at 100.00
|
Aa2
|
2,484,340
|
|
|
2016, 5.000%, 12/01/37
|
|
|
|
|
83,560
|
Total Tax Obligation/Limited
|
|
|
72,249,537
|
|
|
Transportation – 31.6% (21.4% of Total Investments)
|
|
|
|
|
|
Capital Region Airport Commission, Virginia, Airport Revenue Bonds, Refunding Series 2016A:
|
|
|
|
|
40
|
5.000%, 7/01/31
|
7/26 at 100.00
|
A2
|
49,894
|
|
735
|
5.000%, 7/01/33
|
7/26 at 100.00
|
A2
|
911,657
|
|
350
|
4.000%, 7/01/36
|
7/26 at 100.00
|
A2
|
397,142
|
|
650
|
4.000%, 7/01/38
|
7/26 at 100.00
|
A2
|
737,549
|
|
1,030
|
Chesapeake Bay Bridge and Tunnel Commission, Virginia, General Resolution Revenue Refunding
|
No Opt. Call
|
AA–
|
1,313,847
|
|
|
Bonds, Series 1998, 5.500%, 7/01/25 – NPFG Insured
|
|
|
|
|
|
Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Capital
|
|
|
|
|
|
Appreciation Series 2012B:
|
|
|
|
|
2,000
|
0.000%, 7/15/32 (4)
|
7/28 at 100.00
|
BBB
|
1,698,460
|
|
4,125
|
0.000%, 7/15/40 (4)
|
7/28 at 100.00
|
BBB
|
3,424,823
|
|
1,000
|
0.000%, 7/15/40 – AGM Insured (4)
|
7/28 at 100.00
|
AA
|
849,020
|
|
750
|
Metropolitan Washington Airports Authority, Virginia, Airport System Revenue Bonds, Refunding
|
10/20 at 100.00
|
AA–
|
856,148
|
|
|
Series 2010B, 5.000%, 10/01/26 (Alternative Minimum Tax)
|
|
|
|
|
3,550
|
Metropolitan Washington Airports Authority, Virginia, Airport System Revenue Bonds, Series
|
11/16 at 100.00
|
AA+
|
3,563,242
|
|
|
2006B, 5.000%, 10/01/36 – FGIC Insured (Alternative Minimum Tax)
|
|
|
|
|
2,500
|
Metropolitan Washington Airports Authority, Virginia, Airport System Revenue Bonds, Series
|
10/17 at 100.00
|
AA–
|
2,597,300
|
|
|
2007B, 5.000%, 10/01/35 – AMBAC Insured (Alternative Minimum Tax)
|
|
|
|
|
|
Metropolitan Washington Airports Authority, Virginia, Airport System Revenue Bonds,
|
|
|
|
|
|
Series 2009C:
|
|
|
|
|
1,380
|
5.250%, 10/01/22
|
No Opt. Call
|
AA–
|
1,502,930
|
|
1,200
|
5.000%, 10/01/28
|
10/18 at 100.00
|
AA–
|
1,297,608
|
|
|
Metropolitan Washington Airports Authority, Virginia, Airport System Revenue Bonds,
|
|
|
|
|
|
Series 2010A:
|
|
|
|
|
3,400
|
5.000%, 10/01/30
|
10/20 at 100.00
|
AA–
|
3,912,210
|
|
420
|
5.000%, 10/01/35
|
10/20 at 100.00
|
AA–
|
480,833
|
|
3,000
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles
|
4/22 at 100.00
|
BBB+
|
3,394,890
|
|
|
Metrorail & Capital Improvement Project, Refunding Second Senior Lien Series 2014A,
|
|
|
|
|
|
5.000%, 10/01/53
|
|
|
|
|
6,700
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles
|
10/28 at 100.00
|
BBB+
|
8,207,031
|
|
|
Metrorail Capital Appreciation, Second Senior Lien Series 2010B, 0.000%, 10/01/44 (4)
|
|
|
|
|
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Second Senior Lien
|
|
|
|
|
|
Revenue Bonds, Series 2009B:
|
|
|
|
|
4,000
|
0.000%, 10/01/26 – AGC Insured
|
No Opt. Call
|
AA
|
3,022,000
|
|
11,825
|
0.000%, 10/01/34 – AGC Insured
|
No Opt. Call
|
AA
|
6,526,099
|
|
1,135
|
0.000%, 10/01/36 – AGC Insured
|
No Opt. Call
|
AA
|
584,275
|
|
5,010
|
0.000%, 10/01/39 – AGC Insured
|
No Opt. Call
|
AA
|
2,341,023
|
|
|
Metropolitan Washington D.C. Airports Authority, Virginia, Airport System Revenue Bonds,
|
|
|
|
|
|
Refunding Series 2016A:
|
|
|
|
|
3,135
|
5.000%, 10/01/31 (Alternative Minimum Tax)
|
10/26 at 100.00
|
AA–
|
3,851,630
|
|
1,705
|
5.000%, 10/01/32 (Alternative Minimum Tax)
|
10/26 at 100.00
|
AA–
|
2,083,646
|
|
4,400
|
5.000%, 10/01/34 (Alternative Minimum Tax)
|
10/26 at 100.00
|
AA–
|
5,361,796
|
|
2,340
|
5.000%, 10/01/35 (Alternative Minimum Tax)
|
10/26 at 100.00
|
AA–
|
2,846,867
|
|
500
|
Metropolitan Washington D.C. Airports Authority, Virginia, Airport System Revenue Bonds,
|
10/26 at 100.00
|
AA–
|
625,980
|
|
|
Refunding Series 2016B, 5.000%, 10/01/32
|
|
|
|
|
|
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds,
|
|
|
|
|
|
American Airlines, Inc. John F Kennedy International Airport Project, Refunding Series 2016:
|
|
|
|
|
595
|
5.000%, 8/01/26 (Alternative Minimum Tax)
|
8/21 at 100.00
|
BB
|
664,282
|
|
150
|
5.000%, 8/01/31 (Alternative Minimum Tax)
|
8/21 at 100.00
|
BB
|
165,273
|
|
3,000
|
Richmond Metropolitan Authority, Virginia, Revenue Refunding Bonds, Expressway System, Series
|
No Opt. Call
|
AA–
|
3,449,580
|
|
|
2002, 5.250%, 7/15/22 – FGIC Insured
|
|
|
|
|
3,195
|
Virginia Port Authority, Port Facilities Revenue Refunding Bonds Series 2010, 5.000%, 7/01/40
|
7/19 at 100.00
|
Aa3
|
3,535,491
|
|
2,125
|
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes LLC
|
1/22 at 100.00
|
BBB–
|
2,345,065
|
|
|
Project, Series 2012, 5.000%, 1/01/40 (Alternative Minimum Tax)
|
|
|
|
|
|
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River
|
|
|
|
|
|
Crossing, Opco LLC Project, Series 2012:
|
|
|
|
|
750
|
5.250%, 1/01/32 (Alternative Minimum Tax)
|
7/22 at 100.00
|
BBB
|
860,843
|
|
5,000
|
6.000%, 1/01/37 (Alternative Minimum Tax)
|
7/22 at 100.00
|
BBB
|
5,971,150
|
|
5,500
|
5.500%, 1/01/42 (Alternative Minimum Tax)
|
7/22 at 100.00
|
BBB
|
6,367,625
|
|
87,195
|
Total Transportation
|
|
|
85,797,209
|
|
|
U.S. Guaranteed – 23.4% (15.8% of Total Investments) (5)
|
|
|
|
|
1,750
|
Bristol, Virginia, General Obligation Utility System Revenue Bonds, Series 2002, 5.000%,
|
No Opt. Call
|
AA (5)
|
2,093,298
|
|
|
11/01/24 – AGM Insured (ETM)
|
|
|
|
|
1,000
|
Bristol, Virginia, Utility System Revenue Refunding Bonds, Series 2001, 5.000%, 7/15/21 – AGM
|
No Opt. Call
|
AA (5)
|
1,109,520
|
|
|
Insured (ETM)
|
|
|
|
|
5,585
|
Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Mortgage
|
10/17 at 100.00
|
BBB (5)
|
5,860,564
|
|
|
Revenue Bonds, Goodwin House, Inc., Series 2007A, 5.125%, 10/01/37 (Pre-refunded 10/01/17)
|
|
|
|
|
4,150
|
Fairfax County Economic Development Authority, Virginia, Transportation District Improvement
|
4/20 at 100.00
|
Aa1 (5)
|
4,775,613
|
|
|
Revenue Bonds, Silver Line Phase 1 Project, Series 2011, 5.000%, 4/01/27 (Pre-refunded 4/01/20)
|
|
|
|
|
1,100
|
Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2009A, 5.375%, 12/01/24
|
12/19 at 100.00
|
BBB+ (5)
|
1,260,468
|
|
|
(Pre-refunded 12/01/19)
|
|
|
|
|
1,295
|
Hampton Roads Sanitation District, Virginia, Wastewater Revenue Bonds, Series 2012A, 5.000%,
|
1/21 at 100.00
|
N/R (5)
|
1,530,133
|
|
|
1/01/39 (Pre-refunded 1/01/21)
|
|
|
|
|
1,000
|
Lexington Industrial Development Authority, Virginia, Educational Facilities Revenue Bonds,
|
6/19 at 100.00
|
Aa2 (5)
|
1,118,020
|
|
|
VMI Development Board Project, Series 2006C, 5.000%, 12/01/36 (Pre-refunded 6/01/19)
|
|
|
|
|
1,700
|
Loudoun County, Virginia, General Obligation Bonds, Series 2006B, 5.000%, 12/01/25
|
12/16 at 100.00
|
AAA
|
1,719,516
|
|
|
(Pre-refunded 12/01/16)
|
|
|
|
|
890
|
Montgomery County Industrial Development Authority, Virginia, Public Facility Lease Revenue
|
2/18 at 100.00
|
Aa2 (5)
|
945,652
|
|
|
Bonds, Public Projects Series 2008, 5.000%, 2/01/29 (Pre-refunded 2/01/18)
|
|
|
|
|
5,900
|
Portsmouth, Virginia, General Obligation Bonds, Refunding Series 2010D, 5.000%, 7/15/34
|
7/20 at 100.00
|
N/R (5)
|
6,853,204
|
|
|
(Pre-refunded 7/15/20)
|
|
|
|
|
145
|
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 2003AA,
|
No Opt. Call
|
A3 (5)
|
157,753
|
|
|
5.500%, 7/01/18 – NPFG Insured (ETM)
|
|
|
|
|
710
|
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 2005BB,
|
No Opt. Call
|
A2 (5)
|
872,881
|
|
|
5.250%, 7/01/22 – AGM Insured (ETM)
|
|
|
|
|
1,000
|
Richmond, Virginia, General Obligation Bonds, Public Improvement Series 2009A, 5.000%, 7/15/22
|
7/19 at 100.00
|
AA+ (5)
|
1,121,480
|
|
|
(Pre-refunded 7/15/19)
|
|
|
|
|
|
Stafford County and Staunton Industrial Development Authority, Virginia, Revenue Bonds,
|
|
|
|
|
|
Virginia Municipal League and Virginia Association of Counties Finance Program, Series 2007C:
|
|
|
|
|
30
|
5.000%, 2/01/37 (Pre-refunded 2/01/17) – SYNCORA GTY Insured
|
2/17 at 100.00
|
N/R (5)
|
30,554
|
|
50
|
5.000%, 2/01/37 (Pre-refunded 2/01/17) – SYNCORA GTY Insured
|
2/17 at 100.00
|
N/R (5)
|
50,924
|
|
60
|
5.000%, 2/01/37 (Pre-refunded 2/01/17) – SYNCORA GTY Insured
|
2/17 at 100.00
|
N/R (5)
|
61,109
|
|
105
|
5.000%, 2/01/37 (Pre-refunded 2/01/17) – SYNCORA GTY Insured
|
2/17 at 100.00
|
N/R (5)
|
106,962
|
|
190
|
5.000%, 2/01/37 (Pre-refunded 2/01/17) – SYNCORA GTY Insured
|
2/17 at 100.00
|
N/R (5)
|
193,511
|
|
4,000
|
Stafford County Economic Development Authority, Virginia, Public Project Lease Revenue Bonds,
|
4/18 at 100.00
|
AA (5)
|
4,274,640
|
|
|
Series 2008, 5.000%, 4/01/33 (Pre-refunded 4/01/18) – AGC Insured (UB)
|
|
|
|
|
|
Virginia Beach, Virginia, General Obligation Bonds, Series 2008:
|
|
|
|
|
4,500
|
5.000%, 10/01/26 (UB) (Pre-refunded 10/01/17)
|
10/17 at 100.00
|
AAA
|
4,718,475
|
|
4,500
|
5.000%, 10/01/27 (UB) (Pre-refunded 10/01/17)
|
10/17 at 100.00
|
AAA
|
4,718,475
|
|
1,820
|
Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century
|
2/19 at 100.00
|
AA+ (5)
|
2,010,518
|
|
|
College Program, Series 2009A, 5.000%, 2/01/22 (Pre-refunded 2/01/19)
|
|
|
|
|
1,665
|
Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century
|
2/19 at 100.00
|
AA+ (5)
|
2,188,393
|
|
|
College Program, Tender Option Bond Trust 3B, 12.463%, 2/01/27 (Pre-refunded 2/01/19) (IF) (6)
|
|
|
|
|
1,665
|
Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century
|
2/19 at 100.00
|
AA+ (5)
|
2,185,845
|
|
|
College Program, Tender Option Bond Trust 4B, 12.463%, 2/01/28 (Pre-refunded 2/01/19) (IF) (6)
|
|
|
|
|
|
Virginia College Building Authority, Educational Facilities Revenue Bonds, Public Higher
|
|
|
|
|
|
Education Financing Program, Series 2009A:
|
|
|
|
|
30
|
5.000%, 9/01/28 (Pre-refunded 9/01/18)
|
9/18 at 100.00
|
N/R (5)
|
32,634
|
|
3,570
|
5.000%, 9/01/28 (Pre-refunded 9/01/18)
|
9/18 at 100.00
|
Aa1 (5)
|
3,883,446
|
|
1,000
|
Virginia Resources Authority, Clean Water State Revolving Fund Revenue Bonds, Series 2008,
|
10/18 at 100.00
|
AAA
|
1,090,520
|
|
|
5.000%, 10/01/19 (Pre-refunded 10/01/18)
|
|
|
|
|
3,050
|
Virginia State Resources Authority, Clean Water Revenue Bonds, Series 2007, Trust 3036,
|
10/17 at 100.00
|
Aaa
|
3,688,182
|
|
|
12.132%, 10/01/29 (Pre-refunded 10/01/17) (IF)
|
|
|
|
|
1,620
|
Winchester Industrial Development Authority, Virginia, Hospital Revenue Bonds Valley Health
|
1/19 at 100.00
|
A+ (5)
|
1,805,717
|
|
|
System Obligated Group, Series 2009E, 5.625%, 1/01/44 (Pre-refunded 1/01/19)
|
|
|
|
|
2,855
|
Winchester Industrial Development Authority, Virginia, Hospital Revenue Bonds, Winchester
|
1/17 at 100.00
|
A+ (5)
|
2,898,567
|
|
|
Medical Center, Series 2007, 5.125%, 1/01/31 (Pre-refunded 1/01/17)
|
|
|
|
|
56,935
|
Total U.S. Guaranteed
|
|
|
63,356,574
|
|
|
Utilities – 2.6% (1.8% of Total Investments)
|
|
|
|
|
|
Guam Power Authority, Revenue Bonds, Series 2012A:
|
|
|
|
|
1,550
|
5.000%, 10/01/30 – AGM Insured
|
10/22 at 100.00
|
AA
|
1,840,222
|
|
495
|
5.000%, 10/01/34
|
10/22 at 100.00
|
BBB
|
551,410
|
|
655
|
Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2007UU, 5.000%, 7/01/19 –
|
No Opt. Call
|
AA–
|
692,590
|
|
|
NPFG Insured
|
|
|
|
|
730
|
Virgin Islands Water and Power Authority, Electric System Revenue Bonds, Refunding Series
|
7/17 at 100.00
|
BB–
|
730,774
|
|
|
2007A, 5.000%, 7/01/24
|
|
|
|
|
3,250
|
York County Economic Development Authority, Virginia, Pollution Control Revenue Bonds,
|
No Opt. Call
|
A2
|
3,326,440
|
|
|
Virginia Electric and Power Company Project, Refunding Series 2009A, 1.875%, 5/01/33
|
|
|
|
|
|
(Mandatory put 5/16/19)
|
|
|
|
|
6,680
|
Total Utilities
|
|
|
7,141,436
|
|
|
Water and Sewer – 6.4% (4.3% of Total Investments)
|
|
|
|
|
1,395
|
Fairfax County, Virginia, Sewer Revenue Bonds, Series 2012, 5.000%, 7/15/18
|
No Opt. Call
|
AAA
|
1,509,306
|
|
810
|
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds,
|
7/23 at 100.00
|
A–
|
946,777
|
|
|
Series 2013, 5.500%, 7/01/43
|
|
|
|
|
5,205
|
Hampton Roads Sanitation District, Virginia, Wastewater Revenue Bonds, Series 2012A,
|
1/21 at 100.00
|
AA+
|
5,959,361
|
|
|
5.000%, 1/01/39
|
|
|
|
|
|
Henry County Public Service Authority, Virginia, Water and Sewerage Revenue Refunding Bonds,
|
|
|
|
|
|
Series 2001:
|
|
|
|
|
1,265
|
5.500%, 11/15/17 – AGM Insured
|
No Opt. Call
|
AA
|
1,303,583
|
|
3,000
|
5.500%, 11/15/19 – AGM Insured
|
No Opt. Call
|
AA
|
3,350,280
|
|
3,000
|
Norfolk, Virginia, Water Revenue Bonds, Series 2015A, 5.250%, 11/01/44
|
11/24 at 100.00
|
AA+
|
3,708,240
|
|
1,000
|
Virginia Resources Authority, Water and Sewerage System Revenue Bonds, Goochland County –
|
11/22 at 63.13
|
AA
|
556,140
|
|
|
Tuckahoe Creek Service District Project, Series 2012, 0.000%, 11/01/34
|
|
|
|
|
15,675
|
Total Water and Sewer
|
|
|
17,333,687
|
|
$ 384,075
|
Total Long-Term Investments (cost $362,697,779)
|
|
|
392,735,738
|
|
|
|||||
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
SHORT-TERM INVESTMENTS – 3.0% (2.0% of Total Investments)
|
|
|
|
|
|
MUNICIPAL BONDS – 3.0% (2.0% of Total Investments)
|
|
|
|
|
|
Education and Civic Organizations – 2.6% (1.7% of Total Investments)
|
|
|
|
|
$ 7,000
|
Virginia College Building Authority, Educational Facilities Revenue Bonds, University of Richmond
|
11/16 at 100.00
|
VMIG–1
|
$ 7,000,000
|
|
|
Project, Variable Rate Demand Series 2006, 0.470%, 11/01/36 (7)
|
|
|
|
|
|
Transportation – 0.4% (0.3% of Total Investments)
|
|
|
|
|
1,000
|
Virginia Transportation Board, Transportation Revenue Bonds, Capital Projects, Tender Option
|
5/21 at 100.00
|
A–1
|
1,000,000
|
|
|
Bond Floater 3948, 0.590%, 5/15/26 (7)
|
|
|
|
|
$ 8,000
|
Total Short-Term Investments (cost $8,000,000)
|
|
|
8,000,000
|
|
|
Total Investments (cost $370,697,779) – 147.8%
|
|
|
400,735,738
|
|
|
Floating Rate Obligations – (3.4)%
|
|
|
(9,250,000)
|
|
|
Variable Rate Demand Preferred Shares, at Liquidation Preference – (47.2)% (8)
|
|
|
(128,000,000)
|
|
|
Other Assets Less Liabilities – 2.8%
|
|
|
7,725,348
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 271,211,086
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Long-Term Investments:
|
|
|
|
|
Municipal Bonds
|
$ —
|
$392,735,738
|
$ —
|
$392,735,738
|
Short-Term Investments:
|
|
|
|
|
Municipal Bonds
|
—
|
8,000,000
|
—
|
8,000,000
|
Total
|
$ —
|
$400,735,738
|
$ —
|
$400,735,738
|
Gross unrealized:
|
|
Appreciation
|
$32,738,161
|
Depreciation
|
(2,269,860)
|
Net unrealized appreciation (depreciation) of investments
|
$30,468,301
|
(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)
|
For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group
|
|
|
(“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This
|
|
|
treatment of split-rated securities may differ from that used for other purposes, such as for Fund
|
|
|
investment policies. 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)
|
Step-up coupon. The rate shown is the coupon as of the end of the reporting period.
|
|
(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)
|
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for
|
|
|
investments in inverse floating rate transactions.
|
|
(7)
|
Investment has a maturity of greater than one 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.
|
|
(8)
|
Variable Rate Demand Preferred Shares, at Liquidation Preference as a percentage of Total Investments
|
|
|
is 31.9%.
|
|
(ETM)
|
Escrowed to maturity.
|
|
(IF)
|
Inverse floating rate investment.
|
|
(UB)
|
Underlying bond of an inverse floating rate trust reflected as a financing transaction.
|
|
(WI/DD)
|
Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.
|
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.
|
By (Signature and Title) | /s/ Gifford R. Zimmerman |
Gifford R. Zimmerman
Vice President and Secretary
|
By (Signature and Title) | /s/ Cedric H. Antosiewicz |
Cedric H. Antosiewicz
Chief Administrative Officer (principal executive officer)
|
By (Signature and Title) | /s/ Stephen D. Foy |
Stephen D. Foy
Vice President and Controller (principal financial officer)
|