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invesco.com/us |
MS-CE-IMUNI-QTR-1 01/11 | Invesco Advisers, Inc. |
Principal | ||||||||||||||||
Interest | Maturity | Amount | ||||||||||||||
Rate | Date | (000) | Value | |||||||||||||
Municipal Obligations153.25% |
||||||||||||||||
Alabama0.84% |
||||||||||||||||
Birmingham (City of) Airport Authority; Series 2010, Airport RB
(INS-AGM) (a) |
5.25 | % | 07/01/30 | $ | 1,300 | $ | 1,268,267 | |||||||||
Chatom (Town of) Industrial Development Board (PowerSouth Energy
Cooperative); Series 2010 A, Ref. Gulf Opportunity Zone RB (INS-AGC)
(a) |
5.00 | % | 08/01/37 | 700 | 666,456 | |||||||||||
1,934,723 | ||||||||||||||||
Arizona2.32% |
||||||||||||||||
Arizona (State of); Series 2008 A, COP (INS-AGM) (a) |
5.00 | % | 09/01/27 | 1,305 | 1,237,270 | |||||||||||
Arizona State University Board of Regents (Research Infrastructure);
Series 2004, COP (INS-AMBAC) (a) |
5.00 | % | 09/01/30 | 2,000 | 1,894,680 | |||||||||||
Glendale (City of) Industrial Development Authority (Midwestern University);
Series 2010, RB |
5.00 | % | 05/15/35 | 350 | 303,107 | |||||||||||
Series 2010, RB |
5.13 | % | 05/15/40 | 350 | 310,594 | |||||||||||
Maricopa (County of) Pollution Control Corp. (Arizona Public Service
Co. Palo Verde); Series 2009 A, Ref. PCR (b)(c) |
6.00 | % | 05/01/14 | 550 | 575,641 | |||||||||||
Phoenix (City of) Civic Improvement Corp.; Series 2004, Jr. Lien
Wastewater System RB (INS-NATL) (a) |
5.00 | % | 07/01/27 | 1,000 | 1,005,720 | |||||||||||
5,327,012 | ||||||||||||||||
California27.90% |
||||||||||||||||
Alameda (County of) Joint Powers Authority (Juvenile Justice
Refunding); Series 2008 A, Lease RB (INS-AGM) (a) |
5.00 | % | 12/01/24 | 1,205 | 1,217,556 | |||||||||||
Alhambra Unified School District (Election of 2004); Series 2009 B, Unlimited Tax GO Bonds (INS-AGC) (a)(d) |
0.00 | % | 08/01/35 | 1,355 | 251,881 | |||||||||||
Series 2009 B, Unlimited Tax GO Bonds (INS-AGC) (a)(d) |
0.00 | % | 08/01/36 | 2,190 | 379,330 | |||||||||||
Alvord Unified School District (Election of 2007); Series 2008 A,
Unlimited Tax GO Bonds (INS-AGM) (a) |
5.00 | % | 08/01/27 | 945 | 915,592 | |||||||||||
Anaheim (City of) Public Financing Authority (Electric System
Distribution Facilities); Series 2007 A, RB (INS-NATL) (a)(e) |
4.50 | % | 10/01/37 | 16,000 | 13,590,400 | |||||||||||
Beverly Hills Unified School District (Election of 2008); Series 2009, Unlimited Tax GO Bonds (d) |
0.00 | % | 08/01/26 | 960 | 383,990 | |||||||||||
Series 2009, Unlimited Tax GO Bonds (d) |
0.00 | % | 08/01/31 | 1,850 | 505,494 | |||||||||||
California (State of) Department of Water Resources; Series 2008 H, Power Supply RB (INS-AGM) (a) |
5.00 | % | 05/01/22 | 2,500 | 2,632,525 | |||||||||||
California (State of) Health Facilities Financing Authority (Scripps
Health); Series 2010 A, RB |
5.00 | % | 11/15/36 | 1,700 | 1,486,242 | |||||||||||
California (State of) Statewide Communities Development Authority
(Cottage Health System Obligated Group); Series 2010, RB |
5.00 | % | 11/01/40 | 800 | 671,208 | |||||||||||
Clovis Unified School District (Election of 2004); Series 2004 A,
Unlimited Tax GO Bonds (INS-NATL) (a)(d) |
0.00 | % | 08/01/29 | 480 | 142,843 | |||||||||||
Dry Creek Joint Elementary School District (Election of 2008); Series 2009 E, Unlimited Tax GO Bonds (d) |
0.00 | % | 08/01/44 | 1,090 | 103,594 | |||||||||||
Series 2009 E, Unlimited Tax GO Bonds (d) |
0.00 | % | 08/01/45 | 6,270 | 555,459 | |||||||||||
Series 2009 E, Unlimited Tax GO Bonds (d) |
0.00 | % | 08/01/48 | 4,610 | 326,158 | |||||||||||
East Bay Municipal Utility District; Series 2002 A, Ref. Sub. VRD Water System RB
(INS-AGM) (a)(f) |
0.33 | % | 02/18/11 | 5,000 | 5,000,000 | |||||||||||
Eastern Municipal Water District; Series 2006 A, Ref. COP Water & Sewer
Revenue (INS-NATL) (a) |
5.00 | % | 07/01/32 | 4,000 | 3,790,880 | |||||||||||
El Segundo Unified School District (Election of 2008); Series 2009 A,
Unlimited Tax GO Bonds (d) |
0.00 | % | 08/01/32 | 2,705 | 618,147 | |||||||||||
Fontana Unified School District (Election of 2006); Series 2008 B,
Unlimited Tax GO Bonds (INS-AGM) (a)(d) |
0.00 | % | 08/01/30 | 4,530 | 1,199,906 | |||||||||||
Golden State Tobacco Securitization Corp.; Series 2005 A, Enhanced
Tobacco Settlement Asset-Backed RB (INS-FGIC) (a) |
5.00 | % | 06/01/38 | 6,000 | 4,895,100 | |||||||||||
Kern (County of) Board of Education; Series 2006 A, Ref. COP (INS-NATL)
(a) |
5.00 | % | 06/01/31 | 2,000 | 1,769,900 | |||||||||||
Los Angeles (City of) Department of Airports (Los Angeles International
Airport); Series 2010 B, Sub. RB |
5.00 | % | 05/15/40 | 700 | 638,883 |
Principal | ||||||||||||||||
Interest | Maturity | Amount | ||||||||||||||
Rate | Date | (000) | Value | |||||||||||||
California(continued) |
||||||||||||||||
Los Angeles (City of); Series 2004 A, Unlimited Tax GO Bonds (INS-NATL)
(a) |
5.00 | % | 09/01/24 | $ | 3,000 | $ | 3,053,190 | |||||||||
Moreland School District (Crossover); Series 2014 C, Ref. Unlimited Tax
GO Bonds (INS-AMBAC) (a)(d) |
0.00 | % | 08/01/29 | 1,505 | 425,539 | |||||||||||
Oak Grove School District (Election of 2008); Series 2009 A, Unlimited
Tax GO Bonds (d) |
0.00 | % | 08/01/28 | 1,080 | 332,867 | |||||||||||
Oakland (City of) Joint Powers Financing Authority (Oakland Administration
Buildings); Series 2008 B, Ref. Lease RB (INS-AGC) (a) |
5.00 | % | 08/01/23 | 725 | 725,761 | |||||||||||
Series 2008 B, Ref. Lease RB (INS-AGC) (a) |
5.00 | % | 08/01/25 | 500 | 496,435 | |||||||||||
Oakland (Port of); Series 2002 L, RB (c)(g)(h) |
5.00 | % | 11/01/12 | 110 | 118,462 | |||||||||||
Series 2002 L, RB (INS-NATL) (a) |
5.00 | % | 11/01/21 | 890 | 875,270 | |||||||||||
Patterson Joint Unified School District (Election of 2008); Series 2008 B, Unlimited Tax GO Bonds (INS-AGM) (a)(d) |
0.00 | % | 03/01/49 | 4,240 | 274,540 | |||||||||||
Series 2009 B, Unlimited Tax GO Bonds (INS-AGM) (a)(d) |
0.00 | % | 08/01/47 | 5,700 | 417,069 | |||||||||||
Series 2009 B, Unlimited Tax GO Bonds (INS-AGM) (a)(d) |
0.00 | % | 08/01/48 | 7,670 | 519,643 | |||||||||||
Poway Unified School District ( School Facilities Improvement District
No. 2007-1) (Election of 2008); Series 2009 A, Unlimited Tax GO
Bonds (d) |
0.00 | % | 08/01/31 | 3,470 | 848,484 | |||||||||||
Poway Unified School District (Election of 2008 School Facilities
Improvement District No. 2007-1); Series 2009 A, Unlimited Tax GO
Bonds (d) |
0.00 | % | 08/01/28 | 3,210 | 989,354 | |||||||||||
Regents of University of California;
Series 2007 J, General RB (INS-AGM) (a)(e) |
4.50 | % | 05/15/31 | 3,310 | 2,924,716 | |||||||||||
Series 2007 J, General RB (INS-AGM) (a)(e) |
4.50 | % | 05/15/35 | 2,690 | 2,288,464 | |||||||||||
San Diego (County of) Water Authority; Series 2004 A, Water Revenue COP (INS-AGM) (a)(e) |
5.00 | % | 05/01/29 | 5,000 | 4,891,300 | |||||||||||
San Francisco (City & County of) (Laguna Honda Hospital); Series 2008
R-3, Ref. Unlimited Tax GO Bonds (INS-AGC) (a)(e) |
5.00 | % | 06/15/28 | 1,000 | 977,800 | |||||||||||
Twin Rivers Unified School District (School Facility Bridge Funding
Program); Series 2007, COP (INS-AGM) (a)(b)(c) |
3.50 | % | 05/31/13 | 1,700 | 1,695,597 | |||||||||||
University of California (Limited); Series 2005 B, RB (INS-AGM) (a) |
5.00 | % | 05/15/30 | 1,000 | 973,370 | |||||||||||
63,902,949 | ||||||||||||||||
Colorado3.00% |
||||||||||||||||
Arkansas River Power Authority; Series 2006, Power Improvement RB
(INS-SGI) (a) |
5.25 | % | 10/01/40 | 1,500 | 1,258,935 | |||||||||||
Colorado (State of) Regional Transportation District (Denver Transit
Partners); Series 2010, Private Activity RB |
6.00 | % | 01/15/41 | 1,075 | 971,865 | |||||||||||
Denver (City & County of) (Department of Aviation); Series 2000 A, Ref.
Airport System RB (INS-AMBAC) (a) |
6.00 | % | 11/15/18 | 3,470 | 3,482,318 | |||||||||||
Denver (City of) Convention Center Hotel Authority; Series 2006, Ref.
Sr. RB (INS-SGI) (a) |
5.00 | % | 12/01/35 | 1,500 | 1,167,855 | |||||||||||
6,880,973 | ||||||||||||||||
Connecticut0.52% |
||||||||||||||||
Connecticut (State of) Health & Educational Facility Authority
(Quinnipiac University Health & Education); Series 2007 K-1, RB
(INS-NATL) (a) |
5.00 | % | 07/01/27 | 1,225 | 1,191,521 | |||||||||||
District of Columbia6.48% |
||||||||||||||||
District of Columbia Water & Sewer Authority; Series 2008 A, Ref. Public Utility Sub. Lien RB (INS-AGC) (a) |
5.00 | % | 10/01/29 | 625 | 628,319 | |||||||||||
Series 2008 A, Ref. Sub. Lien Public Utility RB (INS-AGC) (a) |
5.00 | % | 10/01/28 | 500 | 505,200 | |||||||||||
District of Columbia; Series 2006 B-1, Ballpark RB (INS-NATL) (a) |
5.00 | % | 02/01/31 | 4,000 | 3,527,120 | |||||||||||
Series 2008 E, Unlimited Tax GO Bonds (INS-BHAC) (a)(e) |
5.00 | % | 06/01/26 | 2,000 | 2,017,580 | |||||||||||
Series 2008 E, Unlimited Tax GO Bonds (INS-BHAC) (a)(e) |
5.00 | % | 06/01/27 | 2,000 | 2,004,120 | |||||||||||
Series 2008 E, Unlimited Tax GO Bonds (INS-BHAC) (a)(e) |
5.00 | % | 06/01/28 | 4,000 | 3,965,400 | |||||||||||
Series 2009 A, Income Tax Sec. RB (e) |
5.25 | % | 12/01/27 | 2,100 | 2,189,523 | |||||||||||
14,837,262 | ||||||||||||||||
Florida10.27% |
||||||||||||||||
Citizens Property Insurance Corp. (High Risk Account); Series 2010 A-1,
Sr. Sec. RB |
5.00 | % | 06/01/14 | 2,200 | 2,305,270 | |||||||||||
Miami-Dade (County of) (Building Better Communities Program); Series
2009 B-1, Unlimited Tax GO Bonds |
6.00 | % | 07/01/38 | 1,000 | 1,056,850 |
Principal | ||||||||||||||||
Interest | Maturity | Amount | ||||||||||||||
Rate | Date | (000) | Value | |||||||||||||
Florida(continued) |
||||||||||||||||
Miami-Dade (County of) (Miami International Airport); Series 2003 B, Aviation RB (INS-NATL) (a)(h) |
5.25 | % | 10/01/18 | $ | 2,155 | $ | 2,197,109 | |||||||||
Series 2003 B, Aviation RB (INS-NATL) (a)(h) |
5.25 | % | 10/01/19 | 2,270 | 2,294,947 | |||||||||||
Miami-Dade (County of) Educational
Facilities Authority (University of Miami); Series 2008 A, RB (INS-BHAC) (a) |
5.50 | % | 04/01/38 | 1,500 | 1,503,555 | |||||||||||
Miami-Dade (County of) Expressway Authority; Series 2010 A, Ref. Toll
System RB (INS-AGC) (a) |
5.00 | % | 07/01/35 | 1,225 | 1,157,319 | |||||||||||
Miami-Dade (County of); Series 2010, Water & Sewer System RB (INS-AGM)
(a) |
5.00 | % | 10/01/39 | 1,600 | 1,504,880 | |||||||||||
Mid-Bay Bridge Authority; Series 2008 A, Ref. RB (INS-AGC) (a) |
5.00 | % | 10/01/27 | 1,265 | 1,143,282 | |||||||||||
Palm Beach (County of) Solid Waste Authority; Series 2009, Improvement
RB (INS-BHAC) (a) |
5.50 | % | 10/01/23 | 1,200 | 1,272,000 | |||||||||||
Port St. Lucie (City of); Series 2009, Ref. Utility System RB (INS-AGC)
(a) |
5.00 | % | 09/01/29 | 1,000 | 966,480 | |||||||||||
Tampa (City of) Sports Authority; Series 2005, Ref. Sales Tax RB
(INS-AGM) (a) |
5.00 | % | 01/01/26 | 2,185 | 2,192,997 | |||||||||||
Tampa Bay Water Utility System; Series 2001 B, RB (INS-NATL) (a) |
5.00 | % | 10/01/31 | 6,000 | 5,931,060 | |||||||||||
23,525,749 | ||||||||||||||||
Georgia3.57% |
||||||||||||||||
Atlanta (City of); Series 1999 A, Water & Wastewater RB (INS-NATL) (a) |
5.00 | % | 11/01/29 | 2,000 | 1,884,860 | |||||||||||
Series 2004 C, Airport Passenger Facility Charge & Sub. Lien General
RB (INS-AGM) (a)(e) |
5.00 | % | 01/01/33 | 5,000 | 4,787,950 | |||||||||||
Series 2010 A, General Airport RB (INS-AGM) (a) |
5.00 | % | 01/01/35 | 1,590 | 1,503,043 | |||||||||||
8,175,853 | ||||||||||||||||
Hawaii6.68% |
||||||||||||||||
Hawaii (State of); Series 2001, Ref. Airports System RB (INS-NATL)
(a)(h) |
5.25 | % | 07/01/21 | 5,000 | 5,007,200 | |||||||||||
Honolulu (City & County of); Series 2003 A, Unlimited Tax GO Bonds (INS-NATL) (a)(e) |
5.25 | % | 03/01/25 | 5,000 | 5,184,500 | |||||||||||
Series 2003 A, Unlimited Tax GO Bonds (INS-NATL) (a)(e) |
5.25 | % | 03/01/26 | 5,000 | 5,103,200 | |||||||||||
15,294,900 | ||||||||||||||||
Idaho1.66% |
||||||||||||||||
Idaho (State of) Health Facilities Authority (St. Lukes Regional
Medical Center); Series 2005, RB (INS-AGM) (a) |
5.00 | % | 07/01/35 | 1,775 | 1,657,584 | |||||||||||
Idaho (State of) Housing & Finance Association (Federal Highway Trust
Fund); Series 2008 A, Grant & RAB (INS-AGC) (a) |
5.25 | % | 07/15/25 | 2,065 | 2,143,573 | |||||||||||
3,801,157 | ||||||||||||||||
Illinois16.90% |
||||||||||||||||
Chicago (City of) (Chicago OHare International Airport); Series 2003
B-2, Third Lien General Airport RB (INS-AGM) (a)(h) |
5.75 | % | 01/01/23 | 2,000 | 2,029,580 | |||||||||||
Chicago (City of) (OHare International Airport); Series 2005 A,
General Airport Third Lien RB (INS-NATL) (a) |
5.25 | % | 01/01/25 | 3,000 | 3,006,300 | |||||||||||
Chicago (City of) Transit Authority (FTA Section 5309 Fixed Guideway
Modernization Formula Funds); Series 2008, Capital Grant Receipts RB
(INS-AGC) (a) |
5.25 | % | 06/01/26 | 1,370 | 1,321,666 | |||||||||||
Chicago (City of); Series 2001 A, Ref. Project Unlimited Tax GO Bonds (INS-NATL) (a)(i) |
5.56 | % | 01/01/21 | 2,000 | 2,066,480 | |||||||||||
Series 2001 A, Ref. Project Unlimited Tax GO Bonds (INS-NATL) (a)(i) |
5.58 | % | 01/01/22 | 2,000 | 2,043,800 | |||||||||||
Series 2007 A, Ref. Project Unlimited Tax GO Bonds (INS-AGM)
(a)(e)(j) |
5.00 | % | 01/01/37 | 6,070 | 5,418,993 | |||||||||||
Series 2008, Ref. Water Second Lien RB (INS-AGM) (a) |
5.00 | % | 11/01/27 | 940 | 920,617 | |||||||||||
DeKalb (County of) Community Unit School District No. 428; Series 2008, Unlimited Tax GO Bonds (INS-AGM) (a) |
5.00 | % | 01/01/27 | 670 | 673,276 | |||||||||||
Series 2008, Unlimited Tax GO Bonds (INS-AGM) (a) |
5.00 | % | 01/01/28 | 305 | 304,125 | |||||||||||
Illinois
(State of) Finance Authority (Northwestern Memorial Hospital); Series 2009 B, RB |
5.75 | % | 08/15/30 | 1,635 | 1,658,070 | |||||||||||
Illinois (State of) Finance Authority (Swedish Covenant Hospital);
Series 2010 A, Ref. RB |
5.75 | % | 08/15/29 | 1,300 | 1,215,669 | |||||||||||
Illinois (State of); First Series 2001, Unlimited Tax GO Bonds
(INS-NATL) (a)(e) |
5.38 | % | 04/01/15 | 10,000 | 10,597,600 | |||||||||||
Kendall, Kane & Will (Counties of) Community Unit School District No.
308; Series 2008, Unlimited Tax GO Bonds (INS-AGM) (a)(d) |
0.00 | % | 02/01/27 | 5,375 | 2,071,149 | |||||||||||
Railsplitter Tobacco Settlement Authority; Series 2010, RB |
5.50 | % | 06/01/23 | 1,100 | 1,045,099 |
Principal | ||||||||||||||||
Interest | Maturity | Amount | ||||||||||||||
Rate | Date | (000) | Value | |||||||||||||
Illinois(continued) |
||||||||||||||||
Regional Transportation Authority; Series 1999, Ref. RB (INS-AGM) (a) |
5.75 | % | 06/01/21 | $ | 4,000 | $ | 4,341,080 | |||||||||
38,713,504 | ||||||||||||||||
Iowa4.47% |
||||||||||||||||
Iowa (State of), Series 2001, Vision Special Fund RB (INS-NATL) (a) |
5.50 | % | 02/15/19 | 3,600 | 4,139,820 | |||||||||||
Series 2001, Vision Special Fund RB (INS-NATL) (a) |
5.50 | % | 02/15/20 | 2,500 | 2,848,775 | |||||||||||
Iowa (State of) (IJOBS Program); Series 2009 A, Special Obligation RB (e)(j) |
5.00 | % | 06/01/25 | 1,810 | 1,864,716 | |||||||||||
Series 2009 A, Special Obligation RB (e)(j) |
5.00 | % | 06/01/26 | 1,355 | 1,383,143 | |||||||||||
10,236,454 | ||||||||||||||||
Kansas0.73% |
||||||||||||||||
Kansas (State of) Development Finance Authority (Adventist Health
System/Sunbelt Obligated Group); Series 2009 C, Hospital RB |
5.50 | % | 11/15/29 | 615 | 617,072 | |||||||||||
Wyandotte (County of) & Kansas City (City of) Unified Government;
Series 2009 A, Utility System Improvement RB (INS-BHAC) (a) |
5.25 | % | 09/01/34 | 1,060 | 1,053,566 | |||||||||||
1,670,638 | ||||||||||||||||
Kentucky0.72% |
||||||||||||||||
Kentucky (Commonwealth of) State Property & Buildings Commission
(Project No. 93); Series 2009, Ref. RB (INS-AGC) (a) |
5.25 | % | 02/01/28 | 1,640 | 1,659,762 | |||||||||||
Louisiana1.30% |
||||||||||||||||
Lafayette (City of) Public Trust Financing Authority (Ragin Cajun
Facilities, Inc. Housing & Parking); Series 2010, RB (INS-AGM) (a) |
5.50 | % | 10/01/35 | 1,600 | 1,558,784 | |||||||||||
Louisiana (State of) Public Facilities Authority (Baton Rouge General
Medical Center); Series 2004, FHA Insured Mortgage RB (INS-NATL) (a) |
5.25 | % | 07/01/33 | 1,500 | 1,411,485 | |||||||||||
2,970,269 | ||||||||||||||||
Maryland1.10% |
||||||||||||||||
Maryland (State of) Economic Development Corporation (Maryland Aviation
Administration Facilities); Series 2003, Lease RB (INS-AGM) (a)(h) |
5.38 | % | 06/01/22 | 2,500 | 2,530,100 | |||||||||||
Massachusetts5.80% |
||||||||||||||||
Massachusetts (State of) Health & Educational Facilities Authority
(Boston College); Series 2008 M-2, RB |
5.50 | % | 06/01/30 | 2,000 | 2,152,600 | |||||||||||
Massachusetts (State of) Health & Educational Facilities Authority
(Harvard University); Series 2009 A, RB (e) |
5.50 | % | 11/15/36 | 6,460 | 6,843,013 | |||||||||||
Massachusetts (State of) Health & Educational Facilities Authority
(Massachusetts Institute of Technology); Series 2009 O, RB (e) |
5.50 | % | 07/01/36 | 2,090 | 2,202,296 | |||||||||||
Massachusetts (State of) Water Resources Authority; Series 2007 B, Ref.
General RB (INS-AGM) (a) |
5.25 | % | 08/01/31 | 2,000 | 2,080,660 | |||||||||||
13,278,569 | ||||||||||||||||
Michigan1.49% |
||||||||||||||||
Detroit (City of); Series 2006 C, Ref. Water Supply System Second Lien
RB (INS-AGM) (a) |
5.00 | % | 07/01/26 | 1,200 | 1,123,884 | |||||||||||
Wayne State University Board of Governors; Series 2008, Ref. General RB
(INS-AGM) (a) |
5.00 | % | 11/15/29 | 1,190 | 1,163,677 | |||||||||||
Western Michigan University Board of Trustees; Series 2008, General RB
(INS-AGM) (a) |
5.00 | % | 11/15/23 | 1,125 | 1,132,976 | |||||||||||
3,420,537 | ||||||||||||||||
Minnesota1.56% |
||||||||||||||||
Minneapolis (City of) (Fairview Health Services); Series 2005 D, Health
Care System RB (INS-AMBAC) (a) |
5.00 | % | 11/15/34 | 4,000 | 3,570,600 | |||||||||||
Missouri0.84% |
||||||||||||||||
Missouri (State of) Joint Municipal Electric Utility Commission (Plum
Point); Series 2006, Power RB (INS-NATL) (a) |
5.00 | % | 01/01/25 | 2,000 | 1,915,720 | |||||||||||
Principal | ||||||||||||||||
Interest | Maturity | Amount | ||||||||||||||
Rate | Date | (000) | Value | |||||||||||||
Nevada5.61% |
||||||||||||||||
Clark (County of); Series 1992 B, Unlimited Tax Go Bonds (INS-AMBAC)
(a) |
6.50 | % | 06/01/17 | $ | 4,000 | $ | 4,786,560 | |||||||||
Nevada (State of); Series 2008 C, Capital Improvement & Cultural
Affairs Limited Tax GO Bonds (INS-AGM) (a)(e) |
5.00 | % | 06/01/26 | 8,000 | 8,067,840 | |||||||||||
12,854,400 | ||||||||||||||||
New Jersey-4.05% |
||||||||||||||||
New Jersey (State of) Economic Development Authority (Provident
Group-Montclair Properties LLC Montclair State University Student
Housing); Series 2010 A, RB |
5.88 | % | 06/01/42 | 710 | 642,990 | |||||||||||
New Jersey (State of) Economic Development Authority; Sub-Series 2005
N-1, Ref. School Facilities Construction RB (INS-AMBAC) (a) |
5.50 | % | 09/01/24 | 1,195 | 1,259,016 | |||||||||||
New Jersey (State of) Educational Facilities Authority (Rowan
University); Series 2008 B, Ref. RB (INS-AGC) (a) |
5.00 | % | 07/01/26 | 510 | 519,629 | |||||||||||
New Jersey (State of) Housing & Mortgage Finance Agency; Series 2000
CC, Home Buyer RB (INS-NATL) (a)(h) |
5.88 | % | 10/01/31 | 2,180 | 2,180,458 | |||||||||||
New Jersey (State of) Transportation Trust Fund Authority; Series 2006
C, Transportation System RB (INS-AGC) (a)(d) |
0.00 | % | 12/15/26 | 5,860 | 2,196,152 | |||||||||||
New Jersey (State of) Turnpike Authority; Series 2003 A, RB (INS-AMBAC)
(a) |
5.00 | % | 01/01/30 | 2,500 | 2,466,800 | |||||||||||
9,265,045 | ||||||||||||||||
New Mexico0.63% |
||||||||||||||||
Albuquerque (City of); Series 2004 A, Ref. Gross Receipts Lodgers Tax
RB (INS-AGM) (a) |
5.00 | % | 07/01/37 | 1,500 | 1,453,965 | |||||||||||
New York15.40% |
||||||||||||||||
Metropolitan Transportation Authority; Series 2002 A, Ref. RB (INS-AMBAC) (a) |
5.50 | % | 11/15/17 | 9,000 | 9,614,700 | |||||||||||
Series 2002 A, Ref. RB (INS-NATL) (a) |
5.00 | % | 11/15/25 | 2,000 | 1,989,520 | |||||||||||
Series 2002 B, Service Contract RB (INS-NATL) (a) |
5.50 | % | 07/01/20 | 6,805 | 7,164,849 | |||||||||||
Series 2010 D, RB |
5.00 | % | 11/15/34 | 1,100 | 989,076 | |||||||||||
New York (State of) Dormitory Authority
(Montefiore Hospital); Series 2004, Mortgage RB (INS-NATL) (a) |
5.00 | % | 08/01/29 | 2,000 | 1,920,700 | |||||||||||
New York (State of) Dormitory Authority (The City of New York);
Series 2005 A, Court Facilities Lease RB (INS-AMBAC) (a) |
5.50 | % | 05/15/28 | 1,000 | 1,012,180 | |||||||||||
Series 2005 A, Court Facilities Lease RB (INS-AMBAC) (a) |
5.50 | % | 05/15/29 | 940 | 943,149 | |||||||||||
New York
(State of) Energy Research & Development Authority (Brooklyn Union Gas Company); Series 1996, Gas Facilities RB (INS-NATL) (a) |
5.50 | % | 01/01/21 | 5,000 | 5,016,050 | |||||||||||
New York (State of) Thruway Authority; Series 2009 A, State Personal
Income Tax Transportation RB |
5.00 | % | 03/15/25 | 1,725 | 1,793,172 | |||||||||||
New York City (City of) Industrial Development Agency (Queens Baseball
Stadium); Series 2006, PILOT RB (INS-AMBAC) (a) |
5.00 | % | 01/01/31 | 1,000 | 850,060 | |||||||||||
New York City (City of) Industrial Development Agency (Yankee Stadium);
Series 2006, PILOT RB (INS-FGIC) (a) |
5.00 | % | 03/01/46 | 1,125 | 977,726 | |||||||||||
New York City (City of); Subseries 2001 A-6, VRD Unlimited Tax GO Bonds
(INS-AGM) (a)(f) |
0.29 | % | 11/01/26 | 3,000 | 3,000,000 | |||||||||||
35,271,182 | ||||||||||||||||
Ohio1.15% |
||||||||||||||||
Cleveland (City of); Series 2008 B-1, Public Power System RB (INS-NATL) (a)(d) |
0.00 | % | 11/15/28 | 2,125 | 744,961 | |||||||||||
Series 2008 B-1, Public Power System RB (INS-NATL) (a)(d) |
0.00 | % | 11/15/38 | 2,800 | 498,988 | |||||||||||
Ohio (State of) Higher Educational Facility Commission
(Summa Health System 2010); Series 2010, RB |
5.75 | % | 11/15/35 | 700 | 637,294 | |||||||||||
Ohio (State of) Water Development Authority (FirstEnergy Nuclear
Generation Corp.); Series 2009 A, Ref. PCR (b)(c) |
5.88 | % | 06/01/16 | 700 | 747,460 | |||||||||||
2,628,703 | ||||||||||||||||
Oregon0.75% |
||||||||||||||||
Oregon (State of) Department of Administrative Services; Series 2005 B,
COP (INS-NATL) (a) |
5.00 | % | 11/01/24 | 1,685 | 1,719,475 | |||||||||||
Principal | ||||||||||||||||
Interest | Maturity | Amount | ||||||||||||||
Rate | Date | (000) | Value | |||||||||||||
Pennsylvania4.91% |
||||||||||||||||
Delaware (County of) Industrial Development Authority (Aqua
Pennsylvania, Inc.); Series 2005 A, Water Facilities RB (INS-NATL)
(a)(h) |
5.00 | % | 11/01/37 | $ | 1,500 | $ | 1,355,670 | |||||||||
Pennsylvania (State of) Economic Development Financing Authority (Waste
Management, Inc.); Series 2004 A, Solid Waste Disposal RB (b)(c) |
3.70 | % | 05/01/15 | 1,400 | 1,382,752 | |||||||||||
Pennsylvania (State of) Turnpike Commission;
Series 2001 R, Turnpike RB (INS-AMBAC) (a) |
5.00 | % | 12/01/26 | 3,000 | 2,945,100 | |||||||||||
Series 2004 A, Turnpike RB (INS-AMBAC) (a) |
5.00 | % | 12/01/34 | 4,000 | 3,735,840 | |||||||||||
Philadelphia (City of);
Series 2009 B, Limited Tax GO Bonds (INS-AGC)(a) |
7.13 | % | 07/15/38 | 720 | 786,866 | |||||||||||
Philadelphia School District; Series 2008 E, Limited Tax GO Bonds
(INS-BHAC) (a) |
5.13 | % | 09/01/23 | 1,000 | 1,029,570 | |||||||||||
11,235,798 | ||||||||||||||||
Puerto Rico1.17% |
||||||||||||||||
Puerto Rico (Commonwealth of) Sales Tax Financing Corp.; Series 2009 A, First Sub.Sales Tax RB (b)(c)(g) |
5.00 | % | 08/01/11 | 1,160 | 1,187,051 | |||||||||||
Series 2010 C, First Sub. Sales Tax RB |
5.25 | % | 08/01/41 | 1,650 | 1,481,964 | |||||||||||
2,669,015 | ||||||||||||||||
South Carolina1.35% |
||||||||||||||||
South Carolina (State of) Medical University Hospital Authority; Series
2004 A, Ref. FHA Mortgage Hospital Facilities RB (INS-NATL) (a) |
5.25 | % | 02/15/25 | 1,000 | 1,005,100 | |||||||||||
South Carolina (State of) Public Service Authority; Series 2003 A, Ref.
RB (INS-AMBAC) (a)(e) |
5.00 | % | 01/01/22 | 2,000 | 2,092,140 | |||||||||||
3,097,240 | ||||||||||||||||
Texas10.32% |
||||||||||||||||
Austin (City of); Series 2001, Ref. Water & Wastewater System RB (c)(g) |
5.13 | % | 05/15/11 | 3,160 | 3,203,987 | |||||||||||
Series 2001, Ref. Water & Wastewater System RB (INS-AGM) (a) |
5.13 | % | 05/15/27 | 1,840 | 1,841,141 | |||||||||||
Capital Area Cultural Education
Facilities Finance Corp. (The Roman Catholic Diocese of Austin); Series 2005 B, RB |
6.13 | % | 04/01/45 | 700 | 647,920 | |||||||||||
Friendswood Independent School District; Series 2008, Schoolhouse
Unlimited Tax GO Bonds (CEP-Texas Permanent School Fund) |
5.00 | % | 02/15/27 | 800 | 819,280 | |||||||||||
Harris (County of) Health Facilities Development Corp. (TECO); Series
2008, Thermal Utility RB (INS-AGC) (a) |
5.00 | % | 11/15/27 | 1,840 | 1,811,112 | |||||||||||
Houston (City of) Community College System;
Series 2008, Sr. Lien Student Fee RB (INS-AGM) (a) |
4.50 | % | 04/15/27 | 225 | 210,337 | |||||||||||
Series 2008, Sr. Lien Student Fee RB (INS-AGM) (a) |
5.00 | % | 04/15/26 | 1,000 | 1,011,690 | |||||||||||
Houston (City of) Convention &
Entertainment Facilities Department; Series 2001 B, Hotel Occupancy Tax & Special RB (INS-AGM) (a)(d) |
0.00 | % | 09/01/27 | 3,615 | 1,354,071 | |||||||||||
Houston (City of); Series 2004 A, Ref. Combined Utility System First
Lien RB (INS-NATL) (a) |
5.25 | % | 05/15/23 | 4,465 | 4,683,428 | |||||||||||
North Texas Tollway Authority;
Series 2008 D, Ref. First Tier System RB (INS-AGC) (a)(d) |
0.00 | % | 01/01/28 | 6,700 | 2,342,387 | |||||||||||
Series 2008 D, Ref. First Tier System RB (INS-AGC) (a)(d) |
0.00 | % | 01/01/31 | 1,455 | 410,135 | |||||||||||
San Antonio (City of); Series 2002 A, Water System RB (INS-AGM) (a) |
5.00 | % | 05/15/32 | 2,000 | 1,961,320 | |||||||||||
Texas (State of) Turnpike Authority; Series 2002, First Tier RB
(INS-BHAC) (a)(d) |
0.00 | % | 08/15/27 | 5,735 | 2,042,750 | |||||||||||
Victoria Independent School District; Series 2008, School Building Unlimited Tax GO Bonds (CEP-Texas Permanent School Fund) |
5.00 | % | 02/15/24 | 410 | 435,473 | |||||||||||
Series 2008, School Building Unlimited Tax GO Bonds (CEP-Texas
Permanent School Fund) |
5.00 | % | 02/15/25 | 815 | 857,559 | |||||||||||
23,632,590 | ||||||||||||||||
Virginia0.74% |
||||||||||||||||
Roanoke (City of) Economic Development Authority (Carilion Clinic
Obligated Group); Series 2010, Ref. Hospital RB |
5.00 | % | 07/01/33 | 975 | 913,780 | |||||||||||
Roanoke (City of) Industrial Development Authority (Carilion Health
System Obligated Group); Series 2005 B, Hospital RB (INS-AGM) (a) |
5.00 | % | 07/01/38 | 850 | 783,946 | |||||||||||
1,697,726 | ||||||||||||||||
Principal | ||||||||||||||||
Interest | Maturity | Amount | ||||||||||||||
Rate | Date | (000) | Value | |||||||||||||
Washington7.60% |
||||||||||||||||
Cowlitz (County of) Public Utility District No. 1; Series 2006,
Production System RB (INS-NATL) (a) |
5.00 | % | 09/01/31 | $ | 3,000 | $ | 2,823,450 | |||||||||
King (County of); Series 2001, Ref. Sewer RB (INS-NATL) (a) |
5.00 | % | 01/01/31 | 3,000 | 2,966,310 | |||||||||||
Seattle (City of);
Series 2001, Ref. Municipal Light & Power Improvement RB (c)(g) |
5.13 | % | 03/01/11 | 3,730 | 3,744,995 | |||||||||||
Series 2001, Ref. Municipal Light & Power Improvement RB (INS-AGM)
(a) |
5.13 | % | 03/01/26 | 1,270 | 1,276,642 | |||||||||||
Washington (State of); Series 2010 A, Various Purpose Unlimited Tax GO Bonds (e) |
5.00 | % | 08/01/29 | 3,170 | 3,217,138 | |||||||||||
Series 2010 A, Various Purpose Unlimited Tax GO Bonds (e) |
5.00 | % | 08/01/30 | 3,335 | 3,372,986 | |||||||||||
17,401,521 | ||||||||||||||||
West Virginia0.55% |
||||||||||||||||
West Virginia (State of) Economic Development Authority (Appalachian
Power Company Amos); Series 2010 A, Ref. Solid Waste Disposal
Facilities RB (b) |
5.38 | % | 12/01/38 | 1,400 | 1,262,996 | |||||||||||
Wisconsin0.87% |
||||||||||||||||
Wisconsin (State of); Series 2009 A, General Fund Annual Appropriation
RB |
5.63 | % | 05/01/28 | 1,900 | 1,987,799 | |||||||||||
TOTAL
INVESTMENTS153.25% (Cost $360,869,037) (k) |
351,015,707 | |||||||||||||||
OTHER ASSETS LESS LIABILITIES0.89% |
2,044,271 | |||||||||||||||
FLOATING RATE NOTE AND DEALER TRUSTS OBLIGATIONS RELATED TO SECURITIES
HELD(25.74)% |
||||||||||||||||
Notes with interest rates ranging from 0.29% to 0.84% at 01/31/11 and contractual
maturities of
collateral ranging from 04/01/15 to 10/01/37 (See Note
1D)(l) |
(58,965,000 | ) | ||||||||||||||
PREFERRED SHARES OF BENEFICIAL INTEREST-(28.40)% |
(65,050,000 | ) | ||||||||||||||
NET ASSETS ATTRIBUTABLE TO COMMON SHARES100.00% |
$ | 229,044,978 | ||||||||||||||
AGC
|
| Assured Guaranty Corp. | ||
AGM
|
| Assured Guaranty Municipal Corp. | ||
AMBAC
|
| American Municipal Bond Assurance Corp.* | ||
BHAC
|
| Berkshire Hathaway Assurance Corp. | ||
CEP
|
| Credit Enhancement Provider | ||
COP
|
| Certificates of Participation | ||
FGIC
|
| Financial Guaranty Insurance Co. | ||
FHA
|
| Federal Housing Administration | ||
GO
|
| General Obligation | ||
INS
|
| Insurer | ||
Jr.
|
| Junior | ||
NATL
|
| National Public Finance Guarantee Corp. | ||
PILOT
|
| Payment-in-Lieu-of-Tax | ||
RB
|
| Revenue Bonds | ||
Ref.
|
| Refunding | ||
Sec.
|
| Secured | ||
SGI
|
| Syncora Guarantee, Inc. | ||
Sr.
|
| Senior | ||
Sub.
|
| Subordinated | ||
VRD
|
| Variable Rate Demand |
* | AMBAC filed for bankruptcy on November 8, 2010 |
(a) | Principal and/or interest payments are secured by the bond insurance company listed. | |
(b) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on January 31, 2011. | |
(c) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. | |
(d) | Capital appreciation bond. Security traded on a discount basis. | |
(e) | Underlying security related to Special Purpose Trusts entered into by the Trust. See Note 1D. | |
(f) | Demand security payable upon demand by the Trust at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically. Rate shown is the rate in effect on January 31, 2011. | |
(g) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. | |
(h) | Security subject to the alternative minimum tax. | |
(i) | The interest rate shown represents the yield to maturity at issue. | |
(j) | Security is subject to a shortfall agreement which may require the Trust to pay amounts to a counterparty in the event of a significant decline in the market value of the security underlying the inverse floater. In case of a shortfall, the maximum potential amount of payments the Trust could ultimately be required to make under the agreement is $6,175,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the inverse floater. | |
(k) | This table provides a listing of those entities that have either issued, guaranteed, backed or otherwise enhanced the credit quality of more than 5% of the securities held in the portfolio. In instances where the entity has guaranteed, backed or otherwise enhanced the credit quality of a security, it is not primarily responsible for the issuers obligations but may be called upon to satisfy the issuers obligations. |
Entities | Percentage | |||
National Public Finance Guarantee Corp. |
51.42 | % | ||
Assured Guaranty Municipal Corp. |
38.93 | |||
American Municipal Bond Assurance Corp.* |
17.06 | |||
Assured Guaranty Corp. |
9.21 | |||
Berkshire Hathaway Assurance Corp. |
6.50 |
(l) | Floating rate note obligations related to securities held. The interest rates shown reflect the rates in effect at January 31, 2011. At January 31, 2011, the Trusts investments with a value of $94,984,818 are held by Special Purpose Trusts established by a Broker Dealer (Dealer Trusts) and serve as collateral for the $58,965,000 in the floating rate note obligations outstanding at that date. |
A. | Security Valuations Securities, including restricted securities, are valued according to the following policy. |
B. | Securities Transactions and Investment Income Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes. |
C. | Country Determination For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuers securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted. |
D. | Inverse Floating Rate Obligations The Trust may invest in inverse floating rate securities, such as Residual Interest Bonds (RIBs) or Tender Option Bonds (TOBs) for investment purposes and to enhance the yield of the Trust. Inverse floating rate investments tend to underperform the market for fixed rate bonds in a rising interest rate environment, but tend to outperform the market for fixed rate bonds when interest rates decline or remain relatively stable. Such transactions may be purchased in the secondary market without first owning the underlying bond or by the sale of fixed rate bonds by the Trust to Special Purpose Trusts established by a broker dealer (Dealer Trusts) in exchange for cash and residual interests in the Dealer Trusts assets and cash flows, which are in the form of inverse floating rate obligations. The Dealer Trusts finance the purchases of the fixed rate bonds by issuing floating rate notes to third parties and allowing the Trust to retain residual interest in the bonds. The floating rate notes issued by the Dealer Trusts have interest rates that reset weekly and the floating rate note holders have the option to tender their notes to the Dealer Trusts for redemption at par at each reset date. The residual interests held by the Trust (inverse floating rate investments) include the right of the Trust (1) to cause the holders of the floating rate notes to tender their notes at par at the next interest rate reset date, and (2) to transfer the municipal bond from the Dealer Trusts to the Trust, thereby collapsing the Dealer Trusts. |
E. | Other Risks The Trust may invest up to 20% of its net assets in lower-quality debt securities, i.e., junk bonds. Investments in lower-rated securities or unrated securities of comparable quality tend to be more sensitive to economic conditions than higher rated securities. Junk bonds involve a greater risk of default by the issuer because such securities are generally unsecured and are often subordinated to other creditors claims. |
Level 1 | Prices are determined using quoted prices in an active market for identical assets. | ||
Level 2 | Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. | ||
Level 3 | Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Trusts own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Municipal Obligations |
$ | | $ | 351,015,707 | $ | | $ | 351,015,707 | ||||||||
Aggregate unrealized appreciation of investment securities |
$ | 5,352,322 | ||
Aggregate unrealized (depreciation) of investment securities |
(14,176,037 | ) | ||
Net unrealized appreciation (depreciation) of investment securities |
$ | (8,823,715 | ) | |
Cost of investments for tax purposes is $359,839,422. |
(a) | As of March 21, 2011, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the Principal Executive Officer (PEO) and Principal Financial Officer (PFO), to assess the effectiveness of the Registrants disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Investment Company Act of 1940 (Act), as amended. Based on that evaluation, the Registrants officers, including the PEO and PFO, concluded that, as of March 21, 2011, the Registrants disclosure controls and procedures were reasonably designed so as to ensure: (1) that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Securities and Exchange Commission; and (2) that material information relating to the Registrant is made known to the PEO and PFO as appropriate to allow timely decisions regarding required disclosure. | ||
(b) | There have been no changes in the Registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrants internal control over financial reporting. |
Certifications of PEO and PFO as required by Rule 30a-2(a) under the Investment Company Act of 1940. |
Registrant: Invesco Insured Municipal Trust |
||||
By: | /s/ Philip A. Taylor | |||
Philip A. Taylor | ||||
Principal Executive Officer |
By: | /s/ Philip A. Taylor | |||
Philip A. Taylor | ||||
Principal Executive Officer |
By: | /s/ Sheri Morris | |||
Sheri Morris | ||||
Principal Financial Officer |