|
Schedule of Investments New York Municipal Fund Inc.(a)
|
|
|
Principal Amount
|
Value†
|
||||||||||
|
(000's omitted)
|
(000's omitted) | ||||||||||
|
Municipal Notes 166.0%
|
|||||||||||
|
American Samoa 0.7%
|
|||||||||||
|
$
|
500
|
American Samoa Econ. Dev. Au. Gen. Rev. Ref., Ser. 2015-A, 6.25%, due 9/1/29
|
$
|
502
|
|||||||
|
California 6.4%
|
|||||||||||
|
250
|
California St. Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev. (Aemerge Redpak Svcs. So. California LLC Proj.), Ser. 2016, 7.00%, due 12/1/27
|
241
|
(b)(c)
|
||||||||
|
3,115
|
Corona-Norca Unified Sch. Dist. G.O. Cap. Appreciation (Election 2006), Ser. 2009-C, (AGM Insured), 0.00%, due 8/1/24
|
2,707
|
|||||||||
|
1,470
|
Pico Rivera Pub. Fin. Au. Lease Rev., Ser. 2009, 4.75%, due 9/1/25 Pre-Refunded 9/1/19
|
1,523
|
|||||||||
|
4,471
|
|||||||||||
|
Georgia 0.7%
|
|||||||||||
|
500
|
Greene Co. Dev. Au. Swr. Fac. Rev., Ser. 2015, 6.13%, due 1/1/25
|
492
|
(b)(c)
|
||||||||
|
Guam 3.2%
|
|||||||||||
|
1,135
|
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.50%, due 11/1/19
|
1,176
|
|||||||||
|
1,000
|
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25 Pre-Refunded 7/1/20
|
1,068
|
|||||||||
|
2,244
|
|||||||||||
|
Illinois 1.5%
|
|||||||||||
|
1,000
|
Chicago G.O. Ref., Ser. 2003-B, 5.00%, due 1/1/23
|
1,056
|
|||||||||
|
Louisiana 0.8%
|
|||||||||||
|
500
|
Louisiana St. Pub. Facs. Au. Rev. (Southwest Louisiana Charter Academy Foundation Proj.), Ser. 2013-A, 7.63%, due 12/15/28
|
529
|
|||||||||
|
Nevada 1.5%
|
|||||||||||
|
1,000
|
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23 Pre-Refunded 6/15/19
|
1,051
|
|||||||||
|
New York 145.8%
|
|||||||||||
|
Albany Cap. Res. Corp. Ref. Rev. (Albany College of Pharmacy & Hlth. Sciences)
|
|||||||||||
|
380
|
Ser. 2014-A, 5.00%, due 12/1/27
|
425
|
|||||||||
|
375
|
Ser. 2014-A, 5.00%, due 12/1/28
|
417
|
|||||||||
|
270
|
Ser. 2014-A, 5.00%, due 12/1/29
|
299
|
|||||||||
|
500
|
Buffalo & Erie Co. Ind. Land Dev. Corp. Rev. (Tapestry Charter Sch. Proj.), Ser. 2017-A, 5.00%, due 8/1/47
|
521
|
|||||||||
|
1,325
|
Buffalo & Erie Co. Ind. Land Dev. Corp. Rev. Ref. (Charter Sch. for Applied Technologies Proj.), Ser. 2017-A, 5.00%, due 6/1/35
|
1,433
|
|||||||||
|
Buffalo & Erie Co. Ind. Land Dev. Corp. Rev. Ref. (Orchard Park)
|
|||||||||||
|
500
|
Ser. 2015, 5.00%, due 11/15/27
|
557
|
|||||||||
|
500
|
Ser. 2015, 5.00%, due 11/15/28
|
555
|
|||||||||
|
Build NYC Res. Corp. Ref. Rev. (City Univ. - Queens College)
|
|||||||||||
|
270
|
Ser. 2014-A, 5.00%, due 6/1/26
|
312
|
|||||||||
|
225
|
Ser. 2014-A, 5.00%, due 6/1/29
|
258
|
|||||||||
|
Build NYC Res. Corp. Ref. Rev. (Methodist Hosp. Proj.)
|
|||||||||||
|
250
|
Ser. 2014, 5.00%, due 7/1/22
|
277
|
|||||||||
|
500
|
Ser. 2014, 5.00%, due 7/1/29
|
558
|
|||||||||
|
250
|
Build NYC Res. Corp. Ref. Rev. (New York Law Sch. Proj.), Ser. 2016, 4.00%, due 7/1/45
|
236
|
|||||||||
|
Build NYC Res. Corp. Ref. Rev. (Packer Collegiate Institute Proj.)
|
|||||||||||
|
155
|
Ser. 2015, 5.00%, due 6/1/26
|
176
|
|||||||||
|
125
|
Ser. 2015, 5.00%, due 6/1/27
|
141
|
|||||||||
|
195
|
Ser. 2015, 5.00%, due 6/1/28
|
220
|
|||||||||
|
220
|
Ser. 2015, 5.00%, due 6/1/29
|
247
|
|||||||||
|
325
|
Ser. 2015, 5.00%, due 6/1/30
|
364
|
|||||||||
|
565
|
Build NYC Res. Corp. Rev., Ser. 2014, 5.00%, due 11/1/24
|
593
|
|||||||||
|
|
750
|
Build NYC Res. Corp. Rev. (Met Lighthouse Charter Sch. Proj.), Ser. 2017-A, 5.00%, due 6/1/47
|
|
783
|
(b)
|
||||||
|
500
|
Build NYC Res. Corp. Rev. (South Bronx Charter Sch. Int'l Cultures), Ser. 2013-A, 3.88%, due 4/15/23
|
503
|
|||||||||
|
Build NYC Res. Corp. Solid Waste Disp. Ref. Rev. (Pratt Paper, Inc. Proj.)
|
|||||||||||
|
100
|
Ser. 2014, 3.75%, due 1/1/20
|
102
|
(b)
|
||||||||
|
200
|
Ser. 2014, 4.50%, due 1/1/25
|
217
|
(b)
|
||||||||
|
700
|
Deutsche Bank Spears/Lifers Trust Rev. (Build NYC Res. Corp.), Ser. 2017-DBE-7004, (Deutsche Bank AG), 1.34%, due 12/1/39
|
700
|
(b)(d)
|
||||||||
|
Dutchess Co. Local Dev. Corp. Rev. (Culinary Institute of America Proj.)
|
|||||||||||
|
200
|
Ser. 2016-A-1, 5.00%, due 7/1/41
|
220
|
|||||||||
|
275
|
Ser. 2016-A-1, 5.00%, due 7/1/46
|
301
|
|||||||||
|
1,000
|
Dutchess Co. Local Dev. Corp. Rev. (Marist College Proj.), Ser. 2012-A, 5.00%, due 7/1/21
|
1,089
|
|||||||||
|
1,050
|
Erie Co. IDA Sch. Fac. Rev. (Buffalo City Sch. Dist.), Ser. 2009-A, 5.25%, due 5/1/25 Pre-Refunded 5/1/19
|
1,080
|
|||||||||
|
1,270
|
Geneva Dev. Corp. Rev. (Hobart & William Smith College Proj.), Ser. 2012, 5.00%, due 9/1/21
|
1,389
|
|||||||||
|
1,500
|
Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2009, 5.75%, due 7/1/23 Pre-Refunded 7/1/19
|
1,559
|
|||||||||
|
580
|
Islip, G.O., Ser. 2012, 3.00%, due 8/1/25
|
597
|
|||||||||
|
1,500
|
Jefferson Co. Civic Fac. Dev. Corp. Rev. Ref. (Samaritan Med. Ctr. Obligated Group Proj.), Ser. 2017-A, 4.00%, due 11/1/47
|
1,438
|
|||||||||
|
460
|
Jefferson Co. IDA Solid Waste Disp. Rev. (Green Bond), Ser. 2014, 4.75%, due 1/1/20
|
454
|
(b)
|
||||||||
|
300
|
Monroe Co. Ind. Dev. Corp. Rev. (Monroe Comm. College), Ser. 2014, (AGM Insured), 5.00%, due 1/15/29
|
332
|
|||||||||
|
Monroe Co. Ind. Dev. Corp. Rev. (Nazareth College of Rochester Proj.)
|
|||||||||||
|
500
|
Ser. 2013-A, 5.00%, due 10/1/24
|
554
|
|||||||||
|
500
|
Ser. 2013-A, 5.00%, due 10/1/25
|
552
|
|||||||||
|
250
|
Ser. 2013-A, 4.00%, due 10/1/26
|
262
|
|||||||||
|
Monroe Co. Ind. Dev. Corp. Rev. (St. John Fisher College)
|
|||||||||||
|
1,120
|
Ser. 2012-A, 5.00%, due 6/1/23
|
1,236
|
|||||||||
|
210
|
Ser. 2012-A, 5.00%, due 6/1/25
|
231
|
|||||||||
|
1,265
|
Montgomery Co. Cap. Res. Corp. Lease Ref. Rev. (HFM Boces Proj.), Ser. 2014, (MAC Insured), 5.00%, due 9/1/27
|
1,444
|
|||||||||
|
500
|
MTA Hudson Rail Yards Trust Oblig. Rev., Ser. 2016-A, 5.00%, due 11/15/46
|
514
|
|||||||||
|
2,000
|
Nassau Co. G.O. (Gen. Imp. Bonds), Ser. 2013-B, 5.00%, due 4/1/28 Pre-Refunded 4/1/23
|
2,277
|
|||||||||
|
Nassau Co. Local Econ. Assist. Corp. Rev. (Catholic Hlth. Svcs. of Long Island Obligated Group Proj.)
|
|||||||||||
|
500
|
Ser. 2014, 5.00%, due 7/1/23
|
561
|
|||||||||
|
1,000
|
Ser. 2014, 5.00%, due 7/1/27
|
1,118
|
|||||||||
|
4,175
|
Nassau Co. Tobacco Settlement Corp. Asset Backed, Ser. 2006-A-3, 5.13%, due 6/1/46
|
4,157
|
|||||||||
|
New York City G.O.
|
|||||||||||
|
1,000
|
Ser. 2009-E, 5.00%, due 8/1/21
|
1,033
|
|||||||||
|
950
|
Ser. 2009-B, 5.00%, due 8/1/22
|
982
|
|||||||||
|
910
|
New York City Muni. Wtr. Fin. Au. Wtr. & Swr. Sys. Rev. (Second Gen. Fiscal 2008), Ser. 2007-BB-1, (LOC: Bank of Tokyo), 0.90%, due 6/15/36
|
910
|
(d)
|
||||||||
|
500
|
New York Liberty Dev. Corp. Ref. Rev. (3 World Trade Ctr. Proj.), Ser. 2014, 5.38%, due 11/15/40
|
542
|
(b)
|
||||||||
|
2,000
|
New York Liberty Dev. Corp. Rev. (Goldman Sachs Headquarters), Ser. 2005, 5.25%, due 10/1/35
|
2,457
|
|||||||||
|
1,815
|
New York St. Dorm. Au. Ref. Rev. Non St. Supported Debt (Pratt Institute), Ser. 2015-A, 3.00%, due 7/1/27
|
1,830
|
|||||||||
|
780
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Culinary Institute of America), Ser. 2013, 4.63%, due 7/1/25
|
850
|
|||||||||
|
|
500
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Manhattan Marymount College), Ser. 2009, 5.00%, due 7/1/24
|
|
513
|
|||||||
|
900
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Montefiore Med. Ctr.), Ser. 2008, (FHA Insured), 5.00%, due 8/1/21
|
902
|
|||||||||
|
1,595
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Mount Sinai Sch. of Medicine), Ser. 2009, 5.25%, due 7/1/24 Pre-Refunded 7/1/19
|
1,650
|
|||||||||
|
2,000
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (North Shore-Long Island Jewish Oblig. Group), Ser. 2011-A, 4.38%, due 5/1/26 Pre-Refunded 5/1/21
|
2,143
|
|||||||||
|
1,375
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Rochester Institute of Technology), Ser. 2012, 4.00%, due 7/1/28
|
1,450
|
|||||||||
|
2,000
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (St. John's Univ.), Ser. 2007-C, (National Public Finance Guarantee Corp. Insured), 5.25%, due 7/1/19
|
2,067
|
|||||||||
|
600
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (St. Joseph's College), Ser. 2010, 5.25%, due 7/1/25
|
601
|
|||||||||
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Touro College & Univ. Sys. Obligated Group)
|
|||||||||||
|
460
|
Ser. 2014-A, 4.00%, due 1/1/26
|
482
|
|||||||||
|
470
|
Ser. 2014-A, 4.00%, due 1/1/27
|
489
|
|||||||||
|
200
|
Ser. 2014-A, 4.00%, due 1/1/28
|
207
|
|||||||||
|
275
|
Ser. 2014-A, 4.13%, due 1/1/29
|
285
|
|||||||||
|
1,350
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Univ. Facs.), Ser. 2013-A, 5.00%, due 7/1/28
|
1,516
|
|||||||||
|
750
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Vaughn College of Aeronautics & Technology), Ser. 2016, 5.00%, due 12/1/26
|
787
|
(b)
|
||||||||
|
New York St. Dorm. Au. Rev. Ref. Non St. Supported Debt (Orange Reg. Med. Ctr.)
|
|||||||||||
|
400
|
Ser. 2017, 5.00%, due 12/1/35
|
441
|
(b)
|
||||||||
|
200
|
Ser. 2017, 5.00%, due 12/1/36
|
221
|
(b)
|
||||||||
|
400
|
Ser. 2017, 5.00%, due 12/1/37
|
439
|
(b)
|
||||||||
|
2,000
|
New York St. Dorm. Au. Rev. St. Personal Income Tax Rev., Ser. 2012-A, 5.00%, due 12/15/26
|
2,236
|
|||||||||
|
2,000
|
New York St. Env. Facs. Corp. (St. Clean Wtr. & Drinking), Ser. 2012-A, 4.00%, due 6/15/26
|
2,143
|
|||||||||
|
New York St. HFA Rev. (Affordable Hsg.)
|
|||||||||||
|
1,615
|
Ser. 2009-B, 4.50%, due 11/1/29
|
1,635
|
|||||||||
|
960
|
Ser. 2012-F, (SONYMA Insured) 3.05%, due 11/1/27
|
964
|
|||||||||
|
300
|
New York St. Hsg. Fin. Agcy. Rev. (625 West 57th St.), Ser. 2015-A-1, (LOC: The Bank of New York Mellon), 0.92%, due 5/1/49
|
300
|
(d)
|
||||||||
|
1,045
|
New York St. Mtge. Agcy. Homeowner Mtge. Ref. Rev., Ser. 2014-189, 3.45%, due 4/1/27
|
1,052
|
|||||||||
|
New York St. Muni. Bond Bank Agcy.
|
|||||||||||
|
1,230
|
Subser. 2009-B1, 5.00%, due 12/15/23
|
1,283
|
|||||||||
|
1,295
|
Subser. 2009-B1, 5.00%, due 12/15/24
|
1,350
|
|||||||||
|
1,090
|
New York St. Thruway Au. Second Gen. Hwy. & Bridge Trust Fund Bonds, Ser. 2009-B, 5.00%, due 4/1/19
|
1,116
|
|||||||||
|
1,500
|
New York St. Trans. Dev. Corp. Spec. Fac. Ref. Rev. (American Airlines, Inc.-John F Kennedy Int'l Arpt. Proj.), Ser. 2016, 5.00%, due 8/1/31
|
1,554
|
|||||||||
|
2,000
|
New York St. Trans. Dev. Corp. Spec. Fac. Rev. (Delta Airlines, Inc.-LaGuardia Arpt. Term. C&D Redev.), Ser. 2018, 5.00%, due 1/1/33
|
2,237
|
|||||||||
|
1,545
|
New York St. Trans. Dev. Corp. Spec. Fac. Rev. (LaGuardia Arpt. Term. B Redev. Proj.), Ser. 2016-A, 4.00%, due 7/1/41
|
1,549
|
|||||||||
|
1,250
|
New York St. Urban Dev. Corp. Ref. Rev., Ser. 2008-D, 5.25%, due 1/1/20
|
1,269
|
|||||||||
|
785
|
Newburgh, G.O., Ser. 2012-A, 5.00%, due 6/15/22
|
851
|
|||||||||
|
900
|
Niagara Area Dev. Corp. Rev. (Covanta Energy Proj.), Ser. 2012, 4.00%, due 11/1/24
|
900
|
(b)
|
||||||||
|
Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.)
|
|||||||||||
|
|
640
|
Ser. 2012-A, 5.00%, due 5/1/25
|
|
699
|
|||||||
|
300
|
Ser. 2012-A, 5.00%, due 5/1/26
|
327
|
|||||||||
|
1,100
|
Niagara Falls City Sch. Dist. Ref. Cert. Participation (High Sch. Fac.), Ser. 2015, (AGM Insured), 4.00%, due 6/15/26
|
1,192
|
|||||||||
|
1,010
|
Onondaga Civic Dev. Corp. Ref. Rev., Ser. 2015, 5.00%, due 10/1/29
|
1,134
|
|||||||||
|
500
|
Onondaga Civic Dev. Corp. Rev. (St. Josephs Hosp. Hlth. Ctr. Proj.), Ser. 2014-A, 5.00%, due 7/1/25 Pre-Refunded 7/1/19
|
516
|
|||||||||
|
1,000
|
Onondaga Co. Trust Cultural Res. Rev. (Syracuse Univ. Proj.), Ser. 2010-B, 5.00%, due 12/1/19
|
1,045
|
|||||||||
|
1,500
|
Oyster Bay, G.O., Ser. 2014, (AGM Insured), 3.25%, due 8/1/21
|
1,563
|
|||||||||
|
500
|
Port Au. New York & New Jersey Cons. Bonds Rev. Ref. (Two Hundred -Third), Ser. 2017, 5.00%, due 4/15/57
|
564
|
|||||||||
|
1,410
|
St. Lawrence Co. IDA Civic Dev. Corp. Rev. (St. Lawrence Univ. Proj.), Ser. 2012, 5.00%, due 7/1/28
|
1,561
|
|||||||||
|
1,980
|
Suffolk Co. Judicial Facs. Agcy. Lease Rev. (H. Lee Dennison Bldg.), Ser. 2013, 5.00%, due 11/1/25
|
2,209
|
|||||||||
|
1,000
|
Syracuse IDA (Carousel Ctr. Proj.), Ser. 2016-A, 5.00%, due 1/1/31
|
1,085
|
|||||||||
|
190
|
Triborough Bridge & Tunnel Au. Oblig., Ser. 1998-A, (National Public Finance Guarantee Corp. Insured), 4.75%, due 1/1/24
|
190
|
|||||||||
|
Triborough Bridge & Tunnel Au. Rev.
|
|||||||||||
|
1,000
|
Subser. 2008-D, 5.00%, due 11/15/23 Pre-Refunded 11/15/18
|
1,011
|
|||||||||
|
765
|
Subser. 2008-D, 5.00%, due 11/15/23
|
773
|
|||||||||
|
TSASC Inc. Rev. Ref.
|
|||||||||||
|
580
|
Ser. 2017-A, 5.00%, due 6/1/28
|
657
|
|||||||||
|
3,000
|
Ser. 2017-A, 5.00%, due 6/1/41
|
3,243
|
|||||||||
|
1,405
|
United Nations Dev. Corp. Rev., Ser. 2009-A, 5.00%, due 7/1/22
|
1,439
|
|||||||||
|
3,000
|
Utility Debt Securitization Au. Rev., Ser. 2013-TE, 5.00%, due 12/15/28
|
3,431
|
|||||||||
|
1,000
|
Westchester Co. Local Dev. Corp. Ref. Rev. (Wartburg Sr. Hsg. Proj.), Ser. 2015-A, 5.00%, due 6/1/30
|
1,011
|
(b)
|
||||||||
|
Westchester Co. Local Dev. Corp. Ref. Rev. (Westchester Med. Ctr.)
|
|||||||||||
|
825
|
Ser. 2016, 5.00%, due 11/1/30
|
908
|
|||||||||
|
1,000
|
Ser. 2016, 3.75%, due 11/1/37
|
960
|
|||||||||
|
1,350
|
Westchester Co. Local Dev. Corp. Rev. (Kendal on Hudson Proj.), Ser. 2013, 5.00%, due 1/1/28
|
1,460
|
|||||||||
|
101,473
|
|||||||||||
|
Ohio 0.7%
|
|||||||||||
|
500
|
Buckeye Tobacco Settlement Fin. Au. Asset-Backed Sr. Rev. (Turbo), Ser. 2007-A-2, 5.88%, due 6/1/47
|
504
|
|||||||||
|
Pennsylvania 3.2%
|
|||||||||||
|
Pennsylvania St. Turnpike Commission Rev.
|
|||||||||||
|
285
|
Ser. 2010-B2, 6.00%, due 12/1/34 Pre-Refunded 12/1/20
|
313
|
|||||||||
|
305
|
Subser. 2010-B2, 6.00%, due 12/1/34 Pre-Refunded 12/1/20
|
334
|
|||||||||
|
1,410
|
Subser. 2010-B2, 6.00%, due 12/1/34 Pre-Refunded 12/1/20
|
1,547
|
|||||||||
|
2,194
|
|||||||||||
|
Texas 0.5%
|
|||||||||||
|
400
|
Mission Econ. Dev. Corp. Wtr. Supply Rev. (Green Bond-Env. Wtr. Minerals Proj.), Ser. 2015, 7.75%, due 1/1/45
|
321
|
(b)(c)(e)
|
||||||||
|
Virgin Islands 1.0%
|
|||||||||||
|
Virgin Islands Pub. Fin. Au. Rev.
|
|||||||||||
|
250
|
Ser. 2014-A, 5.00%, due 10/1/24
|
237
|
|||||||||
|
500
|
Ser. 2014-A, 5.00%, due 10/1/29
|
456
|
|||||||||
|
693
|
|||||||||||
|
Total Municipal Notes (Cost $112,235)
|
115,530
|
||||||||||
|
UNITS
|
|
||||||||||
|
|
|||||||||||
|
Liquidating Trust - Real Estate 2.5%
|
|||||||||||
|
600
|
CMS Liquidating Trust (Cost $3,106)
|
$
|
1,740
|
*(f)(g)
|
|||||||
|
Total Investments 168.5% (Cost $115,341)
|
117,270
|
||||||||||
|
Other Assets Less Liabilities 0.9%
|
601
|
||||||||||
|
Liquidation Value of Variable Rate Municipal Term Preferred Shares (net of unamortized deferred offering costs of approximately $25,000) (69.4)%
|
(48,275)
|
||||||||||
|
Net Assets Applicable to Common Stockholders 100.0%
|
$69,596
|
||||||||||
|
*
|
Non-income producing security.
|
|
(a)
|
Effective August 28, 2018. Formerly New York Intermediate Municipal Fund Inc. through August 27, 2018.
|
|
(b)
|
Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from registration, may only be sold to qualified institutional investors or may have other restrictions on resale. At July 31, 2018, these securities amounted to approximately $7,651,000, which represents 11.0% of net assets applicable to common stockholders of the Fund. Securities denoted with (b) but without (c) have been deemed by the investment manager to be liquid.
|
|
(c)
|
Illiquid security.
|
|
(d)
|
Variable rate demand obligation where the stated interest rate is not based on a published reference rate and spread. Rather, the interest rate generally resets daily or weekly and is determined by the remarketing agent. The rate shown represents the rate in effect at July 31, 2018.
|
|
(e)
|
Defaulted security.
|
|
(f)
|
Value determined using significant unobservable inputs.
|
|
(g)
|
This security has been deemed by the investment manager to be illiquid, and is subject to restrictions on resale.
|
| At July 31, 2018, this security amounted to approximately $1,740,000 which represents 2.5% of net assets applicable to common stockholders of the Fund. |
|
(000’s omitted)
Restricted Security
|
Acquisition
Date
|
Acquisition
Cost
|
Acquisition Cost
Percentage of Net
Assets Applicable to
Common
Stockholders as of
Acquisition Date
|
Value as of
7/31/2018
|
Fair Value
Percentage of
Net Assets
Applicable to
Common
Stockholders as
of 7/31/2018
|
||||||||||||
|
CMS Liquidating Trust
|
11/21/2012
|
|
$3,105
|
4.0%
|
|
|
$1,740
|
2.5%
|
|
||||||||
|
Schedule of Investments New York Municipal Fund Inc.(a)
|
|
|
|
The following is a summary, categorized by Level (see Notes to Schedule of Investments), of inputs used to value the Fund's investments as of July 31, 2018:
|
|
Asset Valuation Inputs
|
||||||||||||||||
|
(000's omitted)
|
Level 1
|
Level 2
|
Level 3(b)
|
Total
|
||||||||||||
|
Investments:
|
||||||||||||||||
|
Municipal Notes(a)
|
$
|
—
|
$
|
115,530
|
$
|
—
|
$
|
115,530
|
||||||||
|
Liquidating Trust - Real Estate
|
—
|
—
|
1,740
|
1,740
|
||||||||||||
|
Total Investments
|
$
|
—
|
$
|
115,530
|
$
|
1,740
|
$
|
117,270
|
||||||||
|
(a)
|
The Schedule of Investments provides a categorization by state/territory or industry for the portfolio.
|
|
(b)
|
The following is a reconciliation between the beginning and ending balances of investments in which unobservable inputs (Level 3) were used in determining value:
|
|
(000’s omitted)
|
Beginning
balance, as
of
11/1/2017
|
Accrued
discounts/
(premiums)
|
Realized
gain/(loss)
|
Change in
unrealized
appreciation/
(depreciation)
|
Purchases
|
Sales
|
Transfers
into Level 3
|
Transfers
out of
Level 3
|
Balance,
as of
7/31/2018
|
Net change in
unrealized
appreciation/
(depreciation)
from
investments
still held as of
7/31/2018
|
||||||||||||||||||||||||||||
|
Investments in
Securities:
|
||||||||||||||||||||||||||||||||||||||
|
Units
|
||||||||||||||||||||||||||||||||||||||
|
Liquidating
Trust—Real
Estate
|
$1,710
|
$—
|
$—
|
$30
|
$—
|
$—
|
$—
|
$—
|
$1,740
|
$30
|
||||||||||||||||||||||||||||
|
Total
|
$1,710
|
$—
|
$—
|
$30
|
$—
|
$—
|
$—
|
$—
|
$1,740
|
$30
|
||||||||||||||||||||||||||||
|
|
As of the period ended July 31, 2018, no securities were transferred from one level (as of October 31, 2017) to another.
|
|
|
The following table presents additional information about valuation approach and inputs used for investments that are measured at fair value and categorized within Level 3 as of July 31, 2018. |
|
Asset
class
|
Fair value
at 7/31/2018
|
Valuation
approach
|
Unobservable
input
|
Range
per unit
|
Input value
per unit
|
Impact to
valuation
from
decrease
in input
|
|||||||||
|
Units
|
$1,740,000
|
Income Approach
|
Appraised value
|
$2,592 - $2,903
|
$2,903
|
Decrease
|
|||||||||
| † |
In accordance with Accounting Standards Codification 820 “Fair Value Measurement” (“ASC 820”), all investments held by each of Neuberger Berman California Municipal Fund Inc. (Formerly, Neuberger Berman California Intermediate Municipal Fund Inc.), Neuberger Berman Municipal Fund Inc. (Formerly, Neuberger Berman Intermediate Municipal Fund Inc.) and Neuberger Berman New York Municipal Fund Inc. (Formerly, Neuberger Berman New York Intermediate Municipal Fund Inc.), (each individually a “Fund,” and collectively, the “Funds”) are carried at the value that Neuberger Berman Investment Advisers LLC ("Management") believes a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Funds' investments, some of which are discussed below. Significant Management judgment may be necessary to value investments in accordance with ASC 820.
ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.
|
| • |
Level 1 – quoted prices in active markets for identical investments
|
| • |
Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)
|
| • |
Level 3 – unobservable inputs (including a Fund's own assumptions in determining the fair value of investments)
|
|
The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.
The value of the Funds’ investments in municipal notes and liquidating trust - real estate is determined by Management primarily by obtaining valuations from independent pricing services based on readily available bid quotations, or if quotations are not available, by methods which include various considerations such as yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions (generally Level 2 inputs). Other Level 2 and 3 inputs used by independent pricing services to value municipal securities and units include current trades, bid-wanted lists (which inform the market that a holder is interested in selling a position and that offers will be considered), offerings, general information on market movement, direction, trends, appraisals, bid offers and specific data on specialty issues.
Management has developed a process to periodically review information provided by independent pricing services for all types of securities.
If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount a Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers (generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not readily available, the security is valued using methods the Funds’ Board of Directors has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Numerous factors may be considered when determining the fair value of a security based on Level 2 or Level 3 inputs, including available analyst, media or other reports, securities within the same industry with recent highly correlated performance, trading in futures or American Depositary Receipts and whether the issuer of the security being fair valued has other securities outstanding.
Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or next trades.
|
| (a) |
Based on an evaluation of the disclosure controls and procedures (as defined in Rule 30a-3(c) under the 1940 Act), as of a date within 90 days of the filing date of this report, the Chief Executive Officer and President and the Treasurer and Principal Financial and Accounting Officer of the Registrant have concluded that such disclosure controls and procedures are effectively designed to ensure that information required to be disclosed by the Registrant on Form N-Q is accumulated and communicated to the Registrant’s management to allow timely decisions regarding required disclosure.
|
| (b) |
There were no significant changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) 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:
|
/s/ Joseph V. Amato
|
|
|
|
Joseph V. Amato
|
|
|
|
Chief Executive Officer and President
|
|
|
By:
|
/s/ Joseph V. Amato
|
|
|
|
Joseph V. Amato
|
|
|
|
Chief Executive Officer and President
|
|
|
By:
|
/s/ John M. McGovern
|
|
|
|
John M. McGovern
|
|
|
|
Treasurer and Principal Financial
and Accounting Officer
|
|