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UNITED STATES |
OMB APPROVAL |
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OMB
Number: 3235-0578 |
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FORM N-Q |
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QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
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Investment Company Act file number |
811-4992 |
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Colonial Municipal Income Trust |
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(Exact name of registrant as specified in charter) |
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One Financial Center, Boston, Massachusetts |
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02111 |
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(Address of principal executive offices) |
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(Zip code) |
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James R. Bordewick, Jr., Esq. Columbia Management Advisors, LLC One Financial Center Boston, MA 02111 |
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(Name and address of agent for service) |
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Registrant's telephone number, including area code: |
1-617-426-3750 |
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Date of fiscal year end: |
11/30/06 |
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Date of reporting period: |
8/31/06 |
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Item 1. Schedule of Investments.
INVESTMENT PORTFOLIO
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Colonial Municipal Income Trust |
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Par ($) |
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Value ($)* |
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Municipal Bonds – 150.0% |
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EDUCATION – 5.5% |
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Education – 4.7% |
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MI Southfield Economic Development Corp. |
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Lawrence University, |
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Series 1998 A, |
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5.400% 02/01/18 |
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750,000 |
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765,120 |
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PA Higher Education Facilities Authority |
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Philadelphia University, |
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Series 2004 A, |
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5.125% 06/01/25 |
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570,000 |
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581,086 |
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VT Educational & Health Buildings Finance Agency |
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Norwich University, |
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Series 1998, |
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5.500% 07/01/21 |
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1,000,000 |
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1,040,190 |
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WV Higher Education Policy Commission |
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Series 2004 B, |
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Insured: FGIC |
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5.000% 04/01/34 |
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4,745,000 |
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4,936,034 |
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WV University |
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Series 2000 A, |
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Insured: AMBAC |
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(a) 04/01/25 |
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750,000 |
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321,533 |
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Education Total |
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7,643,963 |
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Prep School – 0.8% |
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CA Statewide Communities Development Authority |
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Crossroads School for Arts & Sciences, |
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Series 1998, |
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6.000% 08/01/28(b) |
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1,060,000 |
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1,101,425 |
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MI Summit Academy North |
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Series 2005, |
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5.500% 11/01/35 |
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250,000 |
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236,847 |
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Prep School Total |
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1,338,272 |
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EDUCATION TOTAL |
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8,982,235 |
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HEALTH CARE – 41.4% |
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Continuing Care Retirement – 17.1% |
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CA La Verne |
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Brethren Hillcrest Homes, |
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Series 2003 B, |
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6.625% 02/15/25 |
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525,000 |
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577,815 |
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CO Health Facilities Authority |
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Covenant Retirement Communities, Inc., |
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Series 2005, |
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5.000% 12/01/35 |
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1,100,000 |
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1,109,647 |
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CT Development Authority |
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Elim Park Baptist, Inc., |
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Series 2003, |
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5.850% 12/01/33 |
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430,000 |
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457,387 |
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1
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Par ($) |
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Value ($) |
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Municipal Bonds – (continued) |
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HEALTH CARE – (continued) |
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Continuing Care Retirement – (continued) |
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FL Capital Projects Finance Authority |
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Glenridge on Palmer Ranch, |
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Series 2002 A, |
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8.000% 06/01/32 |
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500,000 |
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558,910 |
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FL Lee County Industrial Development Authority |
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Shell Point Village, |
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Series 1999 A, |
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5.500% 11/15/29 |
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400,000 |
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408,300 |
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GA Fulton County Residential Care Facilities Authority |
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Canterbury Court, |
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Series 2004 A, |
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6.125% 02/15/26 |
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500,000 |
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527,910 |
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GA Savannah Economic Development Authority |
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Marshes of Skidaway, |
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Series 2003 A, |
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7.400% 01/01/34 |
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350,000 |
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370,587 |
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IL Finance Authority |
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Washington & Jane Smith Community, |
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Series 2005 A, |
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6.250% 11/15/35 |
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1,000,000 |
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1,047,270 |
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IL Health Facilities Authority |
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Lutheran Senior Services, |
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Series 2006, |
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5.125% 02/01/26 |
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875,000 |
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901,679 |
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Washington & Jane Smith Community, |
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Series 2003 A, |
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7.000% 11/15/32 |
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525,000 |
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568,916 |
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IN Health & Educational Facilities Financing Authority |
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Baptist Homes of Indiana, Inc., |
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Series 2005, |
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5.250% 11/15/35 |
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750,000 |
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763,087 |
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KS Manhattan |
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Meadowlark Hills Retirement Home, |
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Series 1999 A, |
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6.375% 05/15/20 |
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250,000 |
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257,728 |
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MA Boston Industrial Development Financing Authority |
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Springhouse, Inc., |
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Series 1998, |
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5.875% 07/01/20 |
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235,000 |
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238,704 |
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MA Development Finance Agency |
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Loomis Communities: |
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Series 1999 A, |
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5.625% 07/01/15 |
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250,000 |
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256,803 |
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Series 2002 A, |
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6.900% 03/01/32 |
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125,000 |
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137,170 |
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2
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Par ($) |
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Value ($) |
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Municipal Bonds – (continued) |
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HEALTH CARE – (continued) |
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Continuing Care Retirement – (continued) |
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MD Westminster Economic Development Authority |
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Carroll Lutheran Village, Inc., |
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Series 2004 A, |
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6.250% 05/01/34 |
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500,000 |
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519,970 |
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MI Kentwood Economic Development Corp. |
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Holland Home, |
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Series 2006 A, |
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5.375% 11/15/36 |
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750,000 |
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764,400 |
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MO Cole County Industrial Development Authority |
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Lutheran Senior Services, |
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Series 2004, |
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5.500% 02/01/35 |
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750,000 |
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785,212 |
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MT Facility Finance Authority |
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St John’s Lutheran Minstries,Inc. |
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Series 2006 A, |
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6.125% 05/15/36 |
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300,000 |
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309,462 |
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NC Medical Care Commission |
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United Methodist Retirement Home, Inc. |
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Series 2005 C, |
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5.250% 10/01/24 |
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500,000 |
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509,950 |
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NH Higher Educational & Health Facilities Authority |
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Rivermead at Peterborough, |
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Series 1998, |
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5.750% 07/01/28 |
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1,100,000 |
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1,111,858 |
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NJ Economic Development Authority |
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Lions Gate, |
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Series 2005 A: |
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5.750% 01/01/25 |
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400,000 |
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413,400 |
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5.875% 01/01/37 |
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300,000 |
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309,831 |
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Lutheran Social Ministries, |
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Series 2005, |
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5.100% 06/01/27 |
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325,000 |
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327,866 |
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Marcus L. Ward Home, |
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Series 2004, |
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5.750% 11/01/24 |
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500,000 |
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538,040 |
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Seabrook Village, Inc., |
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Series 2000 A, |
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8.250% 11/15/30 |
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700,000 |
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777,707 |
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PA Bucks County Industrial Development Authority |
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Ann’s Choice, Inc., |
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Series 2005 A: |
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6.125% 01/01/25 |
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500,000 |
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525,940 |
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6.250% 01/01/35 |
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250,000 |
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263,140 |
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PA Chartiers Valley Industrial & Commercial Development Authority |
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Asbury Health Center, |
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Series 1999, |
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6.375% 12/01/24 |
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1,000,000 |
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1,053,330 |
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3
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Par ($) |
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Value ($) |
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Municipal Bonds – (continued) |
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HEALTH CARE – (continued) |
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Continuing Care Retirement – (continued) |
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Friendship Village of South Hills, |
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Series 2003 A, |
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5.750% 08/15/20 |
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1,000,000 |
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1,026,590 |
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PA Delaware County Authority |
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Dunwoody Village, |
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Series 2003 A, |
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5.375% 04/01/17 |
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400,000 |
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423,120 |
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PA Montgomery County Industrial Development Authority |
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Whitemarsh Continuing Care Retirement Community, |
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Series 2005: |
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6.125% 02/01/28 |
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150,000 |
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158,442 |
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6.250% 02/01/35 |
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600,000 |
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635,250 |
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PA Westmoreland County Industrial Development Authority |
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Redstone Highlands, |
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Series 2005 A: |
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5.750% 01/01/26 |
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1,250,000 |
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1,299,850 |
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5.875% 01/01/32 |
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600,000 |
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627,162 |
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TN Johnson City Health & Educational Facilities Authority |
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Appalachian Christian Village, |
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Series 2004 A, |
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6.250% 02/15/32 |
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250,000 |
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259,652 |
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TN Metropolitan Government Nashville & Davidson County |
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Blakeford at Green Hills, |
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Series 1998, |
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5.650% 07/01/24 |
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575,000 |
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578,870 |
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TN Shelby County Health Educational & Housing Facilities Board |
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Germantown Village, |
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Series 2003 A, |
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7.250% 12/01/34 |
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300,000 |
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321,873 |
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Trezevant Manor, |
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Series 2006 A: |
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5.625% 09/01/26 |
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500,000 |
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504,650 |
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5.750% 09/01/37 |
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400,000 |
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404,608 |
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TX Abilene Health Facilities Development Corp. |
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Sears Methodist Retirement Center: |
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Series 1998 A, |
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5.900% 11/15/25 |
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750,000 |
|
761,677 |
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Series 2003 A, |
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7.000% 11/15/33 |
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200,000 |
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216,642 |
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TX Houston Health Facilities Development Corp. |
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Buckingham Senior Living Community, Inc., |
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Series 2004 A, |
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7.000% 02/15/26 |
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500,000 |
|
553,830 |
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4
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Par ($) |
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Value ($) |
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Municipal Bonds – (continued) |
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HEALTH CARE – (continued) |
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Continuing Care Retirement – (continued) |
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TX Tarrant County Cultural Education Facilities |
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Northwest Senior Housing-Edgemere, |
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Series 2006 A, |
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6.000% 11/15/36 |
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500,000 |
|
527,445 |
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VA Suffolk Industrial Development Authority Retirement Facilities |
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Lake Prince Center, |
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Series 2006, |
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5.300% 09/01/31 |
|
250,000 |
|
252,993 |
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VA Virginia Beach Development Authority |
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Westminster-Canterbury of Hampton, |
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Series 2005, |
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5.250% 11/01/26 |
|
450,000 |
|
459,684 |
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WI Health & Educational Facilities Authority |
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Clement Manor, |
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Series 1998, |
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|
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5.750% 08/15/24 |
|
1,000,000 |
|
1,012,590 |
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Eastcastle Place, Inc., |
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|
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Series 2004, |
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|
|
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6.125% 12/01/34 |
|
300,000 |
|
305,463 |
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Three Pillars Senior Living Communities, |
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Series 2003, |
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5.750% 08/15/26 |
|
500,000 |
|
520,600 |
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United Lutheran Program for the Aging, |
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Series 1998, |
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|
|
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5.700% 03/01/28 |
|
750,000 |
|
754,927 |
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|
Continuing Care Retirement Total |
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27,997,937 |
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|||
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Health Services – 2.7% |
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|
CO Health Facilities Authority |
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National Jewish Medical & Research Center, |
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|
Series 1998: |
|
|
|
|
|
|
|
5.375% 01/01/16 |
|
1,500,000 |
|
1,525,185 |
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|
|
5.375% 01/01/23 |
|
340,000 |
|
343,533 |
|
|
MA Development Finance Agency |
|
|
|
|
|
|
|
|
Boston Biomedical Research Institute, |
|
|
|
|
|
|
|
Series 1999, |
|
|
|
|
|
|
|
5.650% 02/01/19 |
|
620,000 |
|
643,517 |
|
|
MA Health & Educational Facilities Authority |
|
|
|
|
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|
Civic Investments, Inc., |
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|
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|
Series 2002 A, |
|
|
|
|
|
|
|
9.000% 12/15/15 |
|
750,000 |
|
928,567 |
|
|
MN Minneapolis & St. Paul Housing & Redevelopment Authority |
|
|
|
|
|
|
|
|
Healthpartners Obligation Group, |
|
|
|
|
|
|
|
Series 2003, |
|
|
|
|
|
|
|
5.625% 12/01/22 |
|
200,000 |
|
213,772 |
|
|
WI Health & Educational Facilities Authority |
|
|
|
|
|
|
|
|
Blood Center Southeastern Wisconsin, |
|
|
|
|
|
|
|
Series 2004, |
|
|
|
|
|
5
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
HEALTH CARE – (continued) |
|
|
|
|
|
|
|
Health Services – (continued) |
|
|
|
|
|
|
|
|
5.750% 06/01/34 |
|
750,000 |
|
809,490 |
|
|
Health Services Total |
|
4,464,064 |
|
|||
|
Hospitals – 15.3% |
|
|
|
|
|
|
|
AR Conway Health Facilities Board |
|
|
|
|
|
|
|
|
Conway Regional Medical Center: |
|
|
|
|
|
|
|
Series 1999 A, |
|
|
|
|
|
|
|
6.400% 08/01/29 |
|
350,000 |
|
373,545 |
|
|
|
Series 1999 B, |
|
|
|
|
|
|
|
6.400% 08/01/29 |
|
850,000 |
|
907,179 |
|
|
AR Washington County |
|
|
|
|
|
|
|
|
Regional Medical Center, |
|
|
|
|
|
|
|
Series 2005 B, |
|
|
|
|
|
|
|
5.000% 02/01/30 |
|
600,000 |
|
609,864 |
|
|
CA Turlock |
|
|
|
|
|
|
|
|
Emanuel Medical Center, Inc., |
|
|
|
|
|
|
|
Series 2004, |
|
|
|
|
|
|
|
5.375% 10/15/34 |
|
1,000,000 |
|
1,041,790 |
|
|
CO Health Facilities Authority |
|
|
|
|
|
|
|
|
Parkview Medical Center, |
|
|
|
|
|
|
|
Series 2004, |
|
|
|
|
|
|
|
5.000% 09/01/25 |
|
550,000 |
|
560,400 |
|
|
|
Vail Valley Medical Center, |
|
|
|
|
|
|
|
Series 2004, |
|
|
|
|
|
|
|
5.000% 01/15/20 |
|
500,000 |
|
519,730 |
|
|
FL South Lake County Hospital District |
|
|
|
|
|
|
|
|
South Lake Hospital, Inc., |
|
|
|
|
|
|
|
Series 2003, |
|
|
|
|
|
|
|
6.375% 10/01/34 |
|
250,000 |
|
274,860 |
|
|
FL West Orange Healthcare District |
|
|
|
|
|
|
|
|
Series 2001 A, |
|
|
|
|
|
|
|
5.650% 02/01/22 |
|
400,000 |
|
421,212 |
|
|
IL Health Facilities Authority |
|
|
|
|
|
|
|
|
Thorek Hospital & Medical Center, |
|
|
|
|
|
|
|
Series 1998, |
|
|
|
|
|
|
|
5.375% 08/15/28 |
|
500,000 |
|
510,865 |
|
|
IL Southwestern Development Authority |
|
|
|
|
|
|
|
|
Anderson Hospital, |
|
|
|
|
|
|
|
Series 1999: |
|
|
|
|
|
|
|
5.375% 08/15/15 |
|
500,000 |
|
516,370 |
|
|
|
5.500% 08/15/20 |
|
550,000 |
|
567,099 |
|
|
IN Health Facility Financing Authority |
|
|
|
|
|
|
|
|
Community Foundation of Northwest Indiana, Inc., |
|
|
|
|
|
|
|
Series 2004 A, |
|
|
|
|
|
|
|
6.000% 03/01/34 |
|
425,000 |
|
452,872 |
|
|
KS Salina Hospital Revenue |
|
|
|
|
|
|
|
|
Salina Regional Health Center Inc., |
|
|
|
|
|
|
|
Series 2005 A, |
|
|
|
|
|
|
|
4.625% 10/01/31 |
|
400,000 |
|
397,928 |
|
6
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
HEALTH CARE – (continued) |
|
|
|
|
|
|
|
Hospitals – (continued) |
|
|
|
|
|
|
|
LA Public Facilities Authority |
|
|
|
|
|
|
|
|
Touro Infirmary, |
|
|
|
|
|
|
|
Series 1999 A: |
|
|
|
|
|
|
|
5.500% 08/15/19 |
|
250,000 |
|
252,023 |
|
|
|
5.625% 08/15/29 |
|
525,000 |
|
528,953 |
|
|
MA Health & Educational Facilities Authority |
|
|
|
|
|
|
|
|
Jordan Hospital, |
|
|
|
|
|
|
|
Series 2003 E, |
|
|
|
|
|
|
|
6.750% 10/01/33 |
|
250,000 |
|
274,098 |
|
|
|
Milford Whitinsville Regional Hospital: |
|
|
|
|
|
|
|
Series 1998 C, |
|
|
|
|
|
|
|
5.250% 07/15/18 |
|
500,000 |
|
503,270 |
|
|
|
Series 2002 D, |
|
|
|
|
|
|
|
6.350% 07/15/32 |
|
250,000 |
|
266,323 |
|
|
MD Health & Higher Educational Facilities Authority |
|
|
|
|
|
|
|
|
Adventist Healthcare, |
|
|
|
|
|
|
|
Series 2003 A: |
|
|
|
|
|
|
|
5.000% 01/01/16 |
|
365,000 |
|
376,961 |
|
|
|
5.750% 01/01/25 |
|
400,000 |
|
428,908 |
|
|
MI Dickinson County |
|
|
|
|
|
|
|
|
Series 1999, |
|
|
|
|
|
|
|
5.700% 11/01/18 |
|
770,000 |
|
794,686 |
|
|
MN St. Paul Housing & Redevelopment Authority |
|
|
|
|
|
|
|
|
HealthEast, Inc., |
|
|
|
|
|
|
|
Series 2001 A, |
|
|
|
|
|
|
|
5.700% 11/01/15 |
|
2,000,000 |
|
2,063,840 |
|
|
MO Saline County Industrial Development Authority |
|
|
|
|
|
|
|
|
John Fitzgibbon Memorial Hospital, |
|
|
|
|
|
|
|
Series 2005, |
|
|
|
|
|
|
|
5.625% 12/01/35 |
|
985,000 |
|
996,042 |
|
|
NH Higher Educational & Health Facilities Authority |
|
|
|
|
|
|
|
|
Catholic Medical Center, |
|
|
|
|
|
|
|
Series 2002 A, |
|
|
|
|
|
|
|
6.125% 07/01/32 |
|
25,000 |
|
26,975 |
|
|
|
Littleton Hospital Association, Inc.: |
|
|
|
|
|
|
|
Series 1998 A: |
|
|
|
|
|
|
|
5.900% 05/01/18 |
|
500,000 |
|
514,480 |
|
|
|
6.000% 05/01/28 |
|
625,000 |
|
644,319 |
|
|
|
Series 1998 B, |
|
|
|
|
|
|
|
5.900% 05/01/28 |
|
675,000 |
|
693,643 |
|
|
|
Memorial Hospital at North Conway, |
|
|
|
|
|
|
|
Series 2006, |
|
|
|
|
|
|
|
5.250% 06/01/21 |
|
530,000 |
|
547,108 |
|
|
NJ Health Care Facilities Financing Authority |
|
|
|
|
|
|
|
|
Capital Health Systems, Inc., |
|
|
|
|
|
|
|
Series 2003 A, |
|
|
|
|
|
|
|
5.750% 07/01/23 |
|
500,000 |
|
536,685 |
|
7
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
HEALTH CARE – (continued) |
|
|
|
|
|
|
|
Hospitals – (continued) |
|
|
|
|
|
|
|
NV Henderson |
|
|
|
|
|
|
|
|
St. Rose Dominican Hospital, |
|
|
|
|
|
|
|
Series 1998 A, |
|
|
|
|
|
|
|
5.375% 07/01/26 |
|
385,000 |
|
394,013 |
|
|
NY Dormitory Authority |
|
|
|
|
|
|
|
|
Mt. Sinai Hospital- NYU Medical Center: |
|
|
|
|
|
|
|
Series 2000, |
|
|
|
|
|
|
|
5.500% 07/01/26 |
|
175,000 |
|
178,012 |
|
|
|
Series 2000 C, |
|
|
|
|
|
|
|
5.500% 07/01/26 |
|
575,000 |
|
584,896 |
|
|
|
North Shore - Long Island Jewish Medical Center, |
|
|
|
|
|
|
|
Series 2003, |
|
|
|
|
|
|
|
5.500% 05/01/33 |
|
200,000 |
|
212,936 |
|
|
OH Highland County Joint Township Hospital District |
|
|
|
|
|
|
|
|
Series 1999, |
|
|
|
|
|
|
|
6.750% 12/01/29 |
|
695,000 |
|
712,194 |
|
|
OH Lakewood |
|
|
|
|
|
|
|
|
Lakewood Hospital Association, |
|
|
|
|
|
|
|
Series 2003, |
|
|
|
|
|
|
|
5.500% 02/15/14 |
|
400,000 |
|
428,148 |
|
|
OH Miami County Hospital Facilities Authority |
|
|
|
|
|
|
|
|
Upper Valley Medical Center, Inc., |
|
|
|
|
|
|
|
Series 2006, |
|
|
|
|
|
|
|
5.250% 05/15/18 |
|
300,000 |
|
318,000 |
|
|
OH Sandusky |
|
|
|
|
|
|
|
|
County Memorial Hospital, |
|
|
|
|
|
|
|
Series 1998, |
|
|
|
|
|
|
|
5.150% 01/01/08 |
|
270,000 |
|
271,015 |
|
|
PA Allegheny County Hospital Development Authority |
|
|
|
|
|
|
|
|
Ohio Valley General Hospital, |
|
|
|
|
|
|
|
Series 1998 A, |
|
|
|
|
|
|
|
5.450% 01/01/28 |
|
1,050,000 |
|
1,071,168 |
|
|
SC Lexington County Health Services |
|
|
|
|
|
|
|
|
Lexington Medical Center, |
|
|
|
|
|
|
|
Series 2003, |
|
|
|
|
|
|
|
5.500% 11/01/23 |
|
750,000 |
|
793,575 |
|
|
SD Health & Educational Facilities Authority |
|
|
|
|
|
|
|
|
Sioux Valley Hospital & Health System, |
|
|
|
|
|
|
|
Series 2004 A, |
|
|
|
|
|
|
|
5.250% 11/01/34 |
|
525,000 |
|
547,365 |
|
|
TX Tyler Health Facilities Development Corp. |
|
|
|
|
|
|
|
|
Mother Frances Hospital, |
|
|
|
|
|
|
|
Series 2001, |
|
|
|
|
|
|
|
6.000% 07/01/31 |
|
750,000 |
|
796,440 |
|
8
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
HEALTH CARE – (continued) |
|
|
|
|
|
|
|
Hospitals – (continued) |
|
|
|
|
|
|
|
VT Educational & Health Buildings Finance Agency |
|
|
|
|
|
|
|
|
Brattleboro Memorial Hospital, |
|
|
|
|
|
|
|
Series 1998, |
|
|
|
|
|
|
|
5.375% 03/01/28 |
|
500,000 |
|
501,425 |
|
|
WI Health & Educational Facilities Authority |
|
|
|
|
|
|
|
|
Aurora Health Care, Inc., |
|
|
|
|
|
|
|
Series 2003, |
|
|
|
|
|
|
|
6.400% 04/15/33 |
|
350,000 |
|
387,951 |
|
|
|
Fort Healthcare, Inc., |
|
|
|
|
|
|
|
Series 2004, |
|
|
|
|
|
|
|
6.100% 05/01/34 |
|
750,000 |
|
827,385 |
|
|
|
Wheaton Franciscan Services, |
|
|
|
|
|
|
|
Series 2002, |
|
|
|
|
|
|
|
5.750% 08/15/30 |
|
450,000 |
|
482,494 |
|
|
Hospitals Total |
|
25,109,045 |
|
|||
|
Intermediate Care Facilities – 0.6% |
|
|
|
|
|
|
|
IN Health Facilities Financing Authority |
|
|
|
|
|
|
|
|
Hoosier Care, Inc., |
|
|
|
|
|
|
|
Series 1999 A, |
|
|
|
|
|
|
|
7.125% 06/01/34 |
|
1,035,000 |
|
1,049,024 |
|
|
Intermediate Care Facilities Total |
|
1,049,024 |
|
|||
|
Nursing Homes – 5.7% |
|
|
|
|
|
|
|
AK Juneau |
|
|
|
|
|
|
|
|
St. Ann’s Care Center, Inc., |
|
|
|
|
|
|
|
Series 1999, |
|
|
|
|
|
|
|
6.875% 12/01/25 |
|
975,000 |
|
975,595 |
|
|
CO Health Facilities Authority |
|
|
|
|
|
|
|
|
American Housing Foundation I, Inc., |
|
|
|
|
|
|
|
Series 2003 A, |
|
|
|
|
|
|
|
8.500% 12/01/31 |
|
535,000 |
|
568,726 |
|
|
|
Evangelical Lutheran Good Samaritan Foundation, |
|
|
|
|
|
|
|
Series 2005, |
|
|
|
|
|
|
|
5.000% 06/01/35 |
|
250,000 |
|
254,093 |
|
|
|
Volunteers of America Care Facilities: |
|
|
|
|
|
|
|
Series 1998 A: |
|
|
|
|
|
|
|
5.450% 07/01/08 |
|
90,000 |
|
90,040 |
|
|
|
5.750% 07/01/20 |
|
700,000 |
|
716,989 |
|
|
|
Series 1999 A, |
|
|
|
|
|
|
|
6.000% 07/01/29 |
|
350,000 |
|
356,941 |
|
|
IA Finance Authority |
|
|
|
|
|
|
|
|
Care Initiatives, |
|
|
|
|
|
|
|
Series 1998 B: |
|
|
|
|
|
|
|
5.750% 07/01/18 |
|
550,000 |
|
565,482 |
|
|
|
5.750% 07/01/28 |
|
1,475,000 |
|
1,483,643 |
|
|
LA Greystone Midwest Junior Lien |
|
|
|
|
|
|
|
|
Livingston Parish, |
|
|
|
|
|
|
|
Series 2005, |
|
|
|
|
|
|
|
7.148% 08/01/36(c) |
|
812,734 |
|
726,197 |
|
|
KY Kentucky Economic Development Finance Authority |
|
|
|
|
|
|
|
|
Series 2003, |
|
|
|
|
|
|
|
6.500% 01/01/29 |
|
395,000 |
|
407,841 |
|
|
MA Development Finance Agency |
|
|
|
|
|
|
|
|
AHF/Alliance Health Care Facilities, |
|
|
|
|
|
|
|
Series 1999 A, |
|
|
|
|
|
9
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
HEALTH CARE – (continued) |
|
|
|
|
|
|
|
Nursing Homes – (continued) |
|
|
|
|
|
|
|
|
7.100% 07/01/32 |
|
1,105,000 |
|
1,128,238 |
|
|
|
AHF/Woodlawn Manor, Inc.: |
|
|
|
|
|
|
|
Series 2000 A, |
|
|
|
|
|
|
|
7.750% 12/01/27(d) |
|
364,000 |
|
145,600 |
|
|
|
Series 2000 B, |
|
|
|
|
|
|
|
10.250% 06/01/27(d) |
|
113,186 |
|
5,659 |
|
|
MA Industrial Finance Agency |
|
|
|
|
|
|
|
|
First Mortgage Massachusetts, Inc., |
|
|
|
|
|
|
|
Series 1994, |
|
|
|
|
|
|
|
8.300% 07/01/23 |
|
830,000 |
|
829,021 |
|
|
MN Sartell |
|
|
|
|
|
|
|
|
Foundation for Health Care, |
|
|
|
|
|
|
|
Series 1999 A, |
|
|
|
|
|
|
|
6.625% 09/01/29 |
|
1,025,000 |
|
1,056,314 |
|
|
Nursing Homes Total |
|
9,310,379 |
|
|||
|
HEALTH CARE TOTAL |
|
67,930,449 |
|
|||
|
HOUSING – 15.4% |
|
|
|
|
|
|
|
Assisted Living/Senior – 3.1% |
|
|
|
|
|
|
|
DE Kent County |
|
|
|
|
|
|
|
|
Heritage at Dover, |
|
|
|
|
|
|
|
Series 1999, AMT, |
|
|
|
|
|
|
|
7.625% 01/01/30 |
|
1,180,000 |
|
1,080,585 |
|
|
GA Columbus Housing Authority |
|
|
|
|
|
|
|
|
The Gardens at Calvary, |
|
|
|
|
|
|
|
Series 1999, |
|
|
|
|
|
|
|
7.000% 11/15/19 |
|
480,000 |
|
471,845 |
|
|
MN Roseville |
|
|
|
|
|
|
|
|
Care Institute, Inc., |
|
|
|
|
|
|
|
Series 1993, |
|
|
|
|
|
|
|
7.750% 11/01/23 |
|
1,630,000 |
|
1,393,780 |
|
|
NC Medical Care Commission |
|
|
|
|
|
|
|
|
DePaul Community Facilities, Inc., |
|
|
|
|
|
|
|
Series 1999, |
|
|
|
|
|
|
|
7.625% 11/01/29 |
|
960,000 |
|
1,008,835 |
|
|
NY Huntington Housing Authority |
|
|
|
|
|
|
|
|
Gurwin Jewish Senior Center, |
|
|
|
|
|
|
|
Series 1999 A: |
|
|
|
|
|
|
|
5.875% 05/01/19 |
|
420,000 |
|
430,500 |
|
|
|
6.000% 05/01/29 |
|
650,000 |
|
667,947 |
|
|
Assisted Living/Senior Total |
|
5,053,492 |
|
|||
|
Multi-Family – 8.4% |
|
|
|
|
|
|
|
DC Housing Finance Agency |
|
|
|
|
|
|
|
|
Henson Ridge, |
|
|
|
|
|
|
|
Series 2004 E, AMT, |
|
|
|
|
|
10
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
HOUSING – (continued) |
|
|
|
|
|
|
|
Multi-Family – (continued) |
|
|
|
|
|
|
|
|
Insured: FHA |
|
|
|
|
|
|
|
5.100% 06/01/37 |
|
655,000 |
|
669,646 |
|
|
DE Wilmington |
|
|
|
|
|
|
|
|
Electra Arms Senior Association, |
|
|
|
|
|
|
|
Series 1998, AMT, |
|
|
|
|
|
|
|
6.250% 06/01/28 |
|
890,000 |
|
873,134 |
|
|
FL Broward County Housing Finance Authority |
|
|
|
|
|
|
|
|
Chaves Lake Apartments Ltd., |
|
|
|
|
|
|
|
Series 2000 A, AMT, |
|
|
|
|
|
|
|
7.500% 07/01/40 |
|
500,000 |
|
518,670 |
|
|
FL Capital Trust Agency |
|
|
|
|
|
|
|
|
Atlantic Housing Foundation, Inc., |
|
|
|
|
|
|
|
Series 2005 C, |
|
|
|
|
|
|
|
5.875% 01/01/28 |
|
660,000 |
|
665,260 |
|
|
FL Clay County Housing Finance Authority |
|
|
|
|
|
|
|
|
Breckenridge Commons Ltd., |
|
|
|
|
|
|
|
Series 2000 A, AMT, |
|
|
|
|
|
|
|
7.450% 07/01/40 |
|
500,000 |
|
517,970 |
|
|
MA Housing Finance Agency |
|
|
|
|
|
|
|
|
Series 2004 A, AMT, |
|
|
|
|
|
|
|
Insured: FSA |
|
|
|
|
|
|
|
5.250% 07/01/25 |
|
2,000,000 |
|
2,065,880 |
|
|
|
Series 2005 E, AMT, |
|
|
|
|
|
|
|
5.000% 12/01/28 |
|
500,000 |
|
507,085 |
|
|
MN Minneapolis Student Housing |
|
|
|
|
|
|
|
|
Riverton Community Housing, Inc., |
|
|
|
|
|
|
|
Series 2006 A, |
|
|
|
|
|
|
|
5.700% 08/01/40 |
|
500,000 |
|
498,720 |
|
|
MN Washington County Housing & Redevelopment Authority |
|
|
|
|
|
|
|
|
Cottages of Aspen, |
|
|
|
|
|
|
|
Series 1992, AMT, |
|
|
|
|
|
|
|
9.250% 06/01/22 |
|
940,000 |
|
960,088 |
|
|
MN White Bear Lake |
|
|
|
|
|
|
|
|
Birch Lake Townhome: |
|
|
|
|
|
|
|
Series 1989 A, AMT, |
|
|
|
|
|
|
|
10.250% 07/15/19 |
|
1,770,000 |
|
1,678,845 |
|
|
|
Series 1989 B, |
|
|
|
|
|
|
|
(a) 07/15/19 |
|
623,000 |
|
174,440 |
|
|
NC Medical Care Commission |
|
|
|
|
|
|
|
|
ARC Project, |
|
|
|
|
|
|
|
Series 2004 A, |
|
|
|
|
|
|
|
5.800% 10/01/34 |
|
800,000 |
|
849,224 |
|
|
NM Mortgage Finance Authority |
|
|
|
|
|
|
|
|
Series 2005 E, AMT, |
|
|
|
|
|
|
|
Insured: FHA |
|
|
|
|
|
|
|
4.800% 09/01/40 |
|
500,000 |
|
492,495 |
|
|
NY New York City Housing Development Corp. |
|
|
|
|
|
|
|
|
Series 2005 F-1, |
|
|
|
|
|
|
|
4.650% 11/01/25 |
|
750,000 |
|
762,847 |
|
11
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
HOUSING – (continued) |
|
|
|
|
|
|
|
Multi-Family – (continued) |
|
|
|
|
|
|
|
OH Montgomery County |
|
|
|
|
|
|
|
|
Heartland of Centerville, LLC., |
|
|
|
|
|
|
|
Series 2005, AMT, |
|
|
|
|
|
|
|
Insured: FHLMC |
|
|
|
|
|
|
|
4.950% 11/01/35 |
|
250,000 |
|
252,738 |
|
|
Resolution Trust Corp. |
|
|
|
|
|
|
|
|
Pass-Through Certificates, |
|
|
|
|
|
|
|
Series 1993 A, |
|
|
|
|
|
|
|
8.500% 12/01/16(e) |
|
455,481 |
|
448,845 |
|
|
TN Franklin Industrial Development Board |
|
|
|
|
|
|
|
|
Landings Apartment, |
|
|
|
|
|
|
|
Series 1996 B, |
|
|
|
|
|
|
|
8.750% 04/01/27 |
|
670,000 |
|
679,849 |
|
|
TX El Paso County Housing Finance Corp. |
|
|
|
|
|
|
|
|
American Village Communities: |
|
|
|
|
|
|
|
Series 2000 C, |
|
|
|
|
|
|
|
8.000% 12/01/32 |
|
295,000 |
|
303,381 |
|
|
|
Series 2000 D, |
|
|
|
|
|
|
|
10.000% 12/01/32 |
|
300,000 |
|
310,080 |
|
|
WA Seattle Housing Authority |
|
|
|
|
|
|
|
|
High Rise Rehabilitation Phase I LP, |
|
|
|
|
|
|
|
Series 2005, AMT, |
|
|
|
|
|
|
|
Insured: FSA |
|
|
|
|
|
|
|
5.000% 11/01/25 |
|
500,000 |
|
507,685 |
|
|
Multi-Family Total |
|
13,736,882 |
|
|||
|
Single-Family – 3.9% |
|
|
|
|
|
|
|
KY Kentucky County |
|
|
|
|
|
|
|
|
Series 1987 A, AMT, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
|
|
9.000% 09/01/16 |
|
5,000 |
|
5,013 |
|
|
MA Housing Finance Agency |
|
|
|
|
|
|
|
|
Series 2005 118, AMT, |
|
|
|
|
|
|
|
4.850% 12/01/35 |
|
1,160,000 |
|
1,145,976 |
|
|
|
Series 2005 B, |
|
|
|
|
|
|
|
5.000% 06/01/30 |
|
500,000 |
|
515,840 |
|
|
ME Housing Authority |
|
|
|
|
|
|
|
|
Series 2005 D-2, AMT, |
|
|
|
|
|
|
|
4.800% 11/15/36 |
|
500,000 |
|
498,145 |
|
|
MN Minneapolis St./Paul Housing Finance Board |
|
|
|
|
|
|
|
|
Series 2006, AMT, |
|
|
|
|
|
|
|
Insured: GNMA |
|
|
|
|
|
|
|
5.000% 12/01/38 |
|
750,000 |
|
759,240 |
|
|
ND Housing Finance Agency |
|
|
|
|
|
|
|
|
Series 2006 A, AMT, |
|
|
|
|
|
|
|
4.850% 07/01/21 |
|
500,000 |
|
508,835 |
|
|
OK Housing Finance Agency |
|
|
|
|
|
|
|
|
Series 2006 C, AMT, |
|
|
|
|
|
|
|
Insured: GNMA |
|
|
|
|
|
|
|
4.900% 09/01/21 |
|
1,000,000 |
|
1,020,720 |
|
12
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
HOUSING – (continued) |
|
|
|
|
|
|
|
Single-Family – (continued) |
|
|
|
|
|
|
|
PA Pittsburgh Urban Redevelopment Authority |
|
|
|
|
|
|
|
|
Series 2006 C, |
|
|
|
|
|
|
|
Insured: GNMA |
|
|
|
|
|
|
|
4.800% 04/01/28 |
|
1,000,000 |
|
1,004,350 |
|
|
WI Housing & Economic Development Authority |
|
|
|
|
|
|
|
|
Series 2005 C, AMT, |
|
|
|
|
|
|
|
4.875% 03/01/36 |
|
985,000 |
|
986,162 |
|
|
Single-Family Total |
|
6,444,281 |
|
|||
|
HOUSING TOTAL |
|
25,234,655 |
|
|||
|
INDUSTRIALS – 7.8% |
|
|
|
|
|
|
|
Food Products – 1.6% |
|
|
|
|
|
|
|
GA Cartersville Development Authority |
|
|
|
|
|
|
|
|
Anheuser Busch Project, Inc., |
|
|
|
|
|
|
|
Series 2002, AMT, |
|
|
|
|
|
|
|
5.950% 02/01/32 |
|
1,000,000 |
|
1,081,940 |
|
|
LA Southern Louisiana Port Commission |
|
|
|
|
|
|
|
|
Cargill, Inc., |
|
|
|
|
|
|
|
Series 1997, |
|
|
|
|
|
|
|
5.850% 04/01/17 |
|
500,000 |
|
512,175 |
|
|
MI Strategic Fund |
|
|
|
|
|
|
|
|
Imperial Holly Corp., |
|
|
|
|
|
|
|
Series 1998 A, |
|
|
|
|
|
|
|
6.250% 11/01/15 |
|
1,000,000 |
|
1,026,790 |
|
|
Food Products Total |
|
2,620,905 |
|
|||
|
Forest Products & Paper – 2.3% |
|
|
|
|
|
|
|
AL Camden Industrial Development Board |
|
|
|
|
|
|
|
|
Weyerhaeuser Co., |
|
|
|
|
|
|
|
Series 2003 B, AMT, |
|
|
|
|
|
|
|
6.375% 12/01/24 |
|
400,000 |
|
436,364 |
|
|
AL Courtland Industrial Development Board |
|
|
|
|
|
|
|
|
Champion International Corp., |
|
|
|
|
|
|
|
Series 1999, AMT, |
|
|
|
|
|
|
|
6.000% 08/01/29 |
|
1,000,000 |
|
1,039,580 |
|
|
AL Phenix City Industrial Development Board |
|
|
|
|
|
|
|
|
Meadwestvaco Corp., |
|
|
|
|
|
|
|
Series 2002 A, AMT, |
|
|
|
|
|
|
|
6.350% 05/15/35 |
|
400,000 |
|
429,392 |
|
|
GA Rockdale County Development Authority |
|
|
|
|
|
|
|
|
Visy Paper, Inc., |
|
|
|
|
|
|
|
Series 1993, AMT, |
|
|
|
|
|
|
|
7.500% 01/01/26 |
|
800,000 |
|
802,528 |
|
|
MS Lowndes County |
|
|
|
|
|
|
|
|
Weyerhaeuser Co., |
|
|
|
|
|
|
|
Series 1992 B, |
|
|
|
|
|
|
|
6.700% 04/01/22 |
|
595,000 |
|
707,497 |
|
13
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
INDUSTRIALS – (continued) |
|
|
|
|
|
|
|
Forest Products & Paper – (continued) |
|
|
|
|
|
|
|
VA Bedford County Industrial Development Authority |
|
|
|
|
|
|
|
|
Nekoosa Packaging Corp., |
|
|
|
|
|
|
|
Series 1998, AMT, |
|
|
|
|
|
|
|
5.600% 12/01/25 |
|
400,000 |
|
404,412 |
|
|
Forest Products & Paper Total |
|
3,819,773 |
|
|||
|
Manufacturing – 0.5% |
|
|
|
|
|
|
|
IL Will-Kankakee Regional Development Authority |
|
|
|
|
|
|
|
|
Flanders Corp., |
|
|
|
|
|
|
|
Series 1997, AMT, |
|
|
|
|
|
|
|
6.500% 12/15/17 |
|
745,000 |
|
755,512 |
|
|
Manufacturing Total |
|
755,512 |
|
|||
|
Metals & Mining – 0.5% |
|
|
|
|
|
|
|
NV Department of Business & Industry |
|
|
|
|
|
|
|
|
Wheeling-Pittsburgh Steel Corp., |
|
|
|
|
|
|
|
Series 1999 A, AMT, |
|
|
|
|
|
|
|
8.000% 09/01/14 |
|
205,000 |
|
212,640 |
|
|
VA Greensville County Industrial Development Authority |
|
|
|
|
|
|
|
|
Wheeling-Pittsburgh Steel Corp., |
|
|
|
|
|
|
|
Series 1999 A, AMT, |
|
|
|
|
|
|
|
7.000% 04/01/14 |
|
545,000 |
|
542,335 |
|
|
Metals & Mining Total |
|
754,975 |
|
|||
|
Oil & Gas – 2.9% |
|
|
|
|
|
|
|
NJ Middlesex County Pollution Control Authority |
|
|
|
|
|
|
|
|
Amerada Hess Corp., |
|
|
|
|
|
|
|
Series 2004, |
|
|
|
|
|
|
|
6.050% 09/15/34 |
|
115,000 |
|
125,505 |
|
|
NV Clark County Industrial Development Authority |
|
|
|
|
|
|
|
|
Southwest Gas Corp., |
|
|
|
|
|
|
|
Series 2005 A, AMT, |
|
|
|
|
|
|
|
Insured: AMBAC |
|
|
|
|
|
|
|
4.850% 10/01/35 |
|
3,000,000 |
|
3,032,850 |
|
|
TX Gulf Coast Industrial Development Authority |
|
|
|
|
|
|
|
|
Citgo Petroleum, |
|
|
|
|
|
|
|
Series 1998, AMT, |
|
|
|
|
|
|
|
8.000% 04/01/28 |
|
375,000 |
|
425,220 |
|
|
VI Virgin Islands Public Finance Authority |
|
|
|
|
|
|
|
|
Hovensa LLC: |
|
|
|
|
|
|
|
Series 2003, AMT, |
|
|
|
|
|
|
|
6.125% 07/01/22 |
|
425,000 |
|
467,980 |
|
|
|
Series 2004, AMT, |
|
|
|
|
|
|
|
5.875% 07/01/22 |
|
400,000 |
|
436,080 |
|
14
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
INDUSTRIALS – (continued) |
|
|
|
|
|
|
|
Oil & Gas – (continued) |
|
|
|
|
|
|
|
VI Virgin Islands |
|
|
|
|
|
|
|
|
Hovensa LLC, |
|
|
|
|
|
|
|
Series 2002, AMT, |
|
|
|
|
|
|
|
6.500% 07/01/21 |
|
250,000 |
|
281,298 |
|
|
Oil & Gas Total |
|
4,768,933 |
|
|||
|
INDUSTRIALS TOTAL |
|
12,720,098 |
|
|||
|
OTHER – 17.8% |
|
|
|
|
|
|
|
Other – 0.2% |
|
|
|
|
|
|
|
PR Commonwealth of Puerto Rico Government Development Bank |
|
|
|
|
|
|
|
|
Series 2006 B, |
|
|
|
|
|
|
|
5.000% 12/01/15 |
|
400,000 |
|
426,916 |
|
|
Other Total |
|
426,916 |
|
|||
|
Other Industrial Development Bonds – 0.6% |
|
|
|
|
|
|
|
NJ Economic Development Authority |
|
|
|
|
|
|
|
|
GMT Realty LLC, |
|
|
|
|
|
|
|
Series 2006 B, AMT, |
|
|
|
|
|
|
|
6.875% 01/01/37(f) |
|
1,000,000 |
|
1,006,940 |
|
|
Other Industrial Development Bonds Total |
|
1,006,940 |
|
|||
|
Pool/Bond Bank – 0.8% |
|
|
|
|
|
|
|
MI Municipal Bond Authority |
|
|
|
|
|
|
|
|
Local Government Loan, |
|
|
|
|
|
|
|
Series 2001 A, |
|
|
|
|
|
|
|
Insured: AMBAC |
|
|
|
|
|
|
|
5.375% 11/01/17 |
|
550,000 |
|
589,809 |
|
|
OH Summit County Port Authority |
|
|
|
|
|
|
|
|
Twinsburg Township, |
|
|
|
|
|
|
|
Series 2005 D, |
|
|
|
|
|
|
|
5.125% 05/15/25 |
|
655,000 |
|
659,972 |
|
|
Pool/Bond Bank Total |
|
1,249,781 |
|
|||
|
Refunded/Escrowed(g) – 13.5% |
|
|
|
|
|
|
|
CA Golden State Tobacco Securitization Corp. |
|
|
|
|
|
|
|
|
Series 2003 B, |
|
|
|
|
|
|
|
Pre-refunded 06/01/13, |
|
|
|
|
|
|
|
5.500% 06/01/43 |
|
500,000 |
|
552,350 |
|
|
CA Orange County Community Facilities District |
|
|
|
|
|
|
|
|
Ladera Ranch, |
|
|
|
|
|
|
|
Series 1999 A, |
|
|
|
|
|
|
|
Pre-refunded 08/15/09, |
|
|
|
|
|
|
|
6.500% 08/15/21 |
|
1,000,000 |
|
1,096,180 |
|
|
CA Statewide Communities Development Authority |
|
|
|
|
|
|
|
|
Eskaton Village - Grass Valley, |
|
|
|
|
|
|
|
Series 2000, |
|
|
|
|
|
|
|
Pre-refunded 11/15/10, |
|
|
|
|
|
|
|
8.250% 11/15/31 |
|
725,000 |
|
850,258 |
|
|
CO E-470 Public Highway Authority |
|
|
|
|
|
|
|
|
Series 2000 B, |
|
|
|
|
|
|
|
Pre-refunded 09/01/10, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
15
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
OTHER – (continued) |
|
|
|
|
|
|
|
Refunded/Escrowed(g) – (continued) |
|
|
|
|
|
|
|
|
(a) 09/01/35 |
|
8,750,000 |
|
1,148,175 |
|
|
CT Development Authority Sewer Sludge Disposal Facilities |
|
|
|
|
|
|
|
|
New Haven Residuals LP, |
|
|
|
|
|
|
|
Series 1996, AMT, |
|
|
|
|
|
|
|
Escrowed to Maturity, |
|
|
|
|
|
|
|
8.250% 12/01/06 |
|
240,000 |
|
242,551 |
|
|
FL Northern Palm Beach County Improvement District |
|
|
|
|
|
|
|
|
Series 1999, |
|
|
|
|
|
|
|
Pre-refunded 08/01/09, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
|
|
5.900% 08/01/19 |
|
500,000 |
|
536,305 |
|
|
FL Orange County Health Facilities Authority |
|
|
|
|
|
|
|
|
Orlando Regional Healthcare System, |
|
|
|
|
|
|
|
Series 2002, |
|
|
|
|
|
|
|
Pre-refunded 12/01/12, |
|
|
|
|
|
|
|
5.750% 12/01/32 |
|
150,000 |
|
166,242 |
|
|
GA Forsyth County Hospital Authority |
|
|
|
|
|
|
|
|
Baptist Health Care System, |
|
|
|
|
|
|
|
Series 1998, |
|
|
|
|
|
|
|
Escrowed to Maturity, |
|
|
|
|
|
|
|
6.000% 10/01/08 |
|
480,000 |
|
491,294 |
|
|
IA Finance Authority |
|
|
|
|
|
|
|
|
Care Initiatives, |
|
|
|
|
|
|
|
Series 1996, |
|
|
|
|
|
|
|
Pre-refunded 07/01/11, |
|
|
|
|
|
|
|
9.250% 07/01/25 |
|
955,000 |
|
1,193,521 |
|
|
ID Health Facilities Authority |
|
|
|
|
|
|
|
|
IHC Hospitals, Inc., |
|
|
|
|
|
|
|
Series 1992, |
|
|
|
|
|
|
|
Escrowed to Maturity, |
|
|
|
|
|
|
|
6.650% 02/15/21 |
|
2,750,000 |
|
3,503,473 |
|
|
IL Health Facilities Authority |
|
|
|
|
|
|
|
|
Lutheran Senior Ministries, |
|
|
|
|
|
|
|
Series 2001 A, |
|
|
|
|
|
|
|
Pre-refunded 08/15/11, |
|
|
|
|
|
|
|
7.375% 08/15/31 |
|
650,000 |
|
761,742 |
|
|
|
Swedish American Hospital, |
|
|
|
|
|
|
|
Series 2000, |
|
|
|
|
|
|
|
Pre-refunded 05/15/10, |
|
|
|
|
|
|
|
6.875% 11/15/30 |
|
500,000 |
|
552,940 |
|
|
IL Metropolitan Pier & Exposition Authority |
|
|
|
|
|
|
|
|
McCormick Place Expansion, |
|
|
|
|
|
|
|
Series 1993 A, |
|
|
|
|
|
|
|
Escrowed to Maturity, |
|
|
|
|
|
|
|
Insured: FGIC |
|
|
|
|
|
|
|
(a) 06/15/14 |
|
1,010,000 |
|
741,451 |
|
|
IL University of Illinois |
|
|
|
|
|
|
|
|
Series 2001 A, |
|
|
|
|
|
|
|
Pre-refunded 08/15/11, |
|
|
|
|
|
|
|
Insured: AMBAC |
|
|
|
|
|
|
|
5.500% 08/15/17 |
|
600,000 |
|
650,460 |
|
16
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
OTHER – (continued) |
|
|
|
|
|
|
|
Refunded/Escrowed(g) – (continued) |
|
|
|
|
|
|
|
MA Development Finance Agency |
|
|
|
|
|
|
|
|
Western New England College, |
|
|
|
|
|
|
|
Series 2002, |
|
|
|
|
|
|
|
Pre-refunded 12/01/12, |
|
|
|
|
|
|
|
6.125% 12/01/32 |
|
200,000 |
|
227,734 |
|
|
MN Carlton |
|
|
|
|
|
|
|
|
Inter-Faith Social Services, Inc., |
|
|
|
|
|
|
|
Series 2000, |
|
|
|
|
|
|
|
Pre-refunded 04/01/10, |
|
|
|
|
|
|
|
7.500% 04/01/19 |
|
250,000 |
|
281,510 |
|
|
NC Lincoln County |
|
|
|
|
|
|
|
|
Lincoln County Hospital, |
|
|
|
|
|
|
|
Series 1991, |
|
|
|
|
|
|
|
Escrowed to Maturity, |
|
|
|
|
|
|
|
9.000% 05/01/07 |
|
75,000 |
|
77,519 |
|
|
NH Higher Educational & Health Facilities Authority, |
|
|
|
|
|
|
|
|
Catholic Medical Center, |
|
|
|
|
|
|
|
Series 2002 A, |
|
|
|
|
|
|
|
Pre-refunded 7/01/12, |
|
|
|
|
|
|
|
6.125% 07/01/32 |
|
175,000 |
|
197,111 |
|
|
NM Red River Sports Facility |
|
|
|
|
|
|
|
|
Red River Ski Area, |
|
|
|
|
|
|
|
Series 1998, |
|
|
|
|
|
|
|
6.450% 06/01/07 |
|
185,000 |
|
185,124 |
|
|
NV Henderson |
|
|
|
|
|
|
|
|
St. Rose Dominican Hospital, |
|
|
|
|
|
|
|
Series 1998 A, |
|
|
|
|
|
|
|
Pre-refunded 07/01/08, |
|
|
|
|
|
|
|
5.375% 07/01/26 |
|
115,000 |
|
118,955 |
|
|
NY Convention Center Operating Corp. |
|
|
|
|
|
|
|
|
Yale Building Project, |
|
|
|
|
|
|
|
Series 2003, |
|
|
|
|
|
|
|
Escrowed to Maturity, |
|
|
|
|
|
|
|
(a) 06/01/08 |
|
1,000,000 |
|
937,530 |
|
|
NY New York |
|
|
|
|
|
|
|
|
Series 1998 H, |
|
|
|
|
|
|
|
Escrowed to Maturity, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
|
|
5.125% 08/01/25 |
|
185,000 |
|
192,228 |
|
|
PA Delaware County Authority |
|
|
|
|
|
|
|
|
Mercy Health Corp., |
|
|
|
|
|
|
|
Series 1996, |
|
|
|
|
|
|
|
Escrowed to Maturity: |
|
|
|
|
|
|
|
6.000% 12/15/16 |
|
1,400,000 |
|
1,437,380 |
|
|
|
6.000% 12/15/26 |
|
500,000 |
|
513,395 |
|
|
PA Lancaster Industrial Development Authority |
|
|
|
|
|
|
|
|
Garden Spot Village, |
|
|
|
|
|
|
|
Series 2000 A, |
|
|
|
|
|
|
|
Pre-refunded 05/01/10, |
|
|
|
|
|
|
|
7.625% 05/01/31 |
|
325,000 |
|
371,150 |
|
17
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
OTHER – (continued) |
|
|
|
|
|
|
|
Refunded/Escrowed(g) – (continued) |
|
|
|
|
|
|
|
PA Philadelphia Authority for Industrial Development |
|
|
|
|
|
|
|
|
Doubletree Project, |
|
|
|
|
|
|
|
Series 1997 A, |
|
|
|
|
|
|
|
Pre-refunded 02/01/07, |
|
|
|
|
|
|
|
6.500% 10/01/27 |
|
2,000,000 |
|
2,062,020 |
|
|
PR Commonwealth of Puerto Rico Public Finance Corp. |
|
|
|
|
|
|
|
|
Series 2002 E, |
|
|
|
|
|
|
|
Escrowed to Maturity, |
|
|
|
|
|
|
|
6.000% 08/01/26 |
|
80,000 |
|
99,290 |
|
|
TN Shelby County Health, Educational & Housing Facilities Board |
|
|
|
|
|
|
|
|
Open Arms Development Centers: |
|
|
|
|
|
|
|
Series 1992 A, |
|
|
|
|
|
|
|
Pre-refunded 08/01/07, |
|
|
|
|
|
|
|
9.750% 08/01/19 |
|
420,000 |
|
461,672 |
|
|
|
Series 1992 C, |
|
|
|
|
|
|
|
Pre-refunded 08/01/12, |
|
|
|
|
|
|
|
9.750% 08/01/19 |
|
425,000 |
|
467,169 |
|
|
TX Board of Regents |
|
|
|
|
|
|
|
|
University of Texas, |
|
|
|
|
|
|
|
Series 2001 B, |
|
|
|
|
|
|
|
Escrowed to Maturity, |
|
|
|
|
|
|
|
5.375% 08/15/18 |
|
350,000 |
|
375,988 |
|
|
WI Health & Educational Facilities Authority |
|
|
|
|
|
|
|
|
Attic Angel Obligated Group, |
|
|
|
|
|
|
|
Series 1998, |
|
|
|
|
|
|
|
Pre-refunded 11/17/08, |
|
|
|
|
|
|
|
5.750% 11/15/27 |
|
875,000 |
|
926,441 |
|
|
WV Hospital Finance Authority |
|
|
|
|
|
|
|
|
Charleston Area Medical Center, |
|
|
|
|
|
|
|
Series 2000, |
|
|
|
|
|
|
|
Pre-refunded 09/01/10, |
|
|
|
|
|
|
|
6.750% 09/01/30 |
|
605,000 |
|
679,693 |
|
|
Refunded/Escrowed Total |
|
22,098,851 |
|
|||
|
Tobacco – 2.8% |
|
|
|
|
|
|
|
CA County Tobacco Securitization Agency |
|
|
|
|
|
|
|
|
Series 2006, |
|
|
|
|
|
|
|
(a) 06/01/46 |
|
3,500,000 |
|
264,285 |
|
|
CA Golden State Tobacco Securitization Corp. |
|
|
|
|
|
|
|
|
Series 2003 A-1, |
|
|
|
|
|
|
|
6.250% 06/01/33 |
|
1,600,000 |
|
1,754,960 |
|
|
CA Tobacco Securitization Authority |
|
|
|
|
|
|
|
|
Series 2006, |
|
|
|
|
|
|
|
(a) 06/01/46 |
|
6,000,000 |
|
536,100 |
|
|
NJ Tobacco Settlement Financing Corp. |
|
|
|
|
|
|
|
|
Series 2003, |
|
|
|
|
|
|
|
6.750% 06/01/39 |
|
1,000,000 |
|
1,121,910 |
|
18
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
OTHER – (continued) |
|
|
|
|
|
|
|
Tobacco – (continued) |
|
|
|
|
|
|
|
NY Nassau County Tobacco Settlement Corp. |
|
|
|
|
|
|
|
|
Series 2006, |
|
|
|
|
|
|
|
(a) 06/01/60 |
|
10,000,000 |
|
342,500 |
|
|
WA Tobacco Settlement Authority |
|
|
|
|
|
|
|
|
Series 2002, |
|
|
|
|
|
|
|
6.625% 06/01/32 |
|
500,000 |
|
550,070 |
|
|
Tobacco Total |
|
4,569,825 |
|
|||
|
OTHER TOTAL |
|
29,167,189 |
|
|||
|
OTHER REVENUE – 4.8% |
|
|
|
|
|
|
|
Hotels – 1.0% |
|
|
|
|
|
|
|
NJ Middlesex County Improvement Authority |
|
|
|
|
|
|
|
|
Heldrich Associates LLC: |
|
|
|
|
|
|
|
Series 2005 B, |
|
|
|
|
|
|
|
6.250% 01/01/37 |
|
1,000,000 |
|
1,027,430 |
|
|
|
Series 2005 C, |
|
|
|
|
|
|
|
8.750% 01/01/37 |
|
600,000 |
|
603,360 |
|
|
Hotels Total |
|
1,630,790 |
|
|||
|
Recreation – 2.2% |
|
|
|
|
|
|
|
CA Agua Caliente Band of Cahuilla Indians |
|
|
|
|
|
|
|
|
Series 2003, |
|
|
|
|
|
|
|
5.600% 07/01/13 |
|
775,000 |
|
804,528 |
|
|
CA Cabazon Band Mission Indians |
|
|
|
|
|
|
|
|
Series 2004: |
|
|
|
|
|
|
|
8.375% 10/01/15(e) |
|
205,000 |
|
210,289 |
|
|
|
8.750% 10/01/19(e) |
|
720,000 |
|
741,722 |
|
|
CT Mashantucket Western Pequot |
|
|
|
|
|
|
|
|
Series 1999 B, |
|
|
|
|
|
|
|
(a) 09/01/18(e) |
|
1,100,000 |
|
590,634 |
|
|
CT Mohegan Tribe Gaming Authority |
|
|
|
|
|
|
|
|
Series 2001, |
|
|
|
|
|
|
|
6.250% 01/01/31(e) |
|
200,000 |
|
212,788 |
|
|
NY Liberty Development Corp. |
|
|
|
|
|
|
|
|
National Sports Museum, |
|
|
|
|
|
|
|
Series 2006 A, |
|
|
|
|
|
|
|
6.125% 02/15/19 |
|
400,000 |
|
412,428 |
|
|
OR Cow Creek Band Umpqua Tribe of Indians |
|
|
|
|
|
|
|
|
Series 2006 C, |
|
|
|
|
|
|
|
5.625% 10/01/26 (e) |
|
650,000 |
|
658,853 |
|
|
Recreation Total |
|
3,631,242 |
|
|||
|
Retail – 1.5% |
|
|
|
|
|
|
|
LA Beauregard Parish |
|
|
|
|
|
|
|
|
Office Max, |
|
|
|
|
|
|
|
Series 2002, |
|
|
|
|
|
|
|
6.800% 02/01/27 |
|
1,000,000 |
|
1,101,860 |
|
19
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
OTHER REVENUE – (continued) |
|
|
|
|
|
|
|
Retail – (continued) |
|
|
|
|
|
|
|
NY New York City Industrial Development Agency |
|
|
|
|
|
|
|
|
IAC/Interactive Corp., |
|
|
|
|
|
|
|
Series 2005, |
|
|
|
|
|
|
|
5.000% 09/01/35 |
|
750,000 |
|
759,765 |
|
|
OH Lake County |
|
|
|
|
|
|
|
|
North Madison Properties, |
|
|
|
|
|
|
|
Series 1993, |
|
|
|
|
|
|
|
8.819% 09/01/11 |
|
545,000 |
|
552,891 |
|
|
Retail Total |
|
2,414,516 |
|
|||
|
OTHER REVENUE TOTAL |
|
7,861,672 |
|
|||
|
RESOURCE RECOVERY – 2.1% |
|
|
|
|
|
|
|
Disposal – 0.8% |
|
|
|
|
|
|
|
CA Pollution Control Financing Authority |
|
|
|
|
|
|
|
|
Republic Services, |
|
|
|
|
|
|
|
Series 2002 C, AMT, |
|
|
|
|
|
|
|
5.250% 06/01/23 |
|
500,000 |
|
531,875 |
|
|
UT Carbon County |
|
|
|
|
|
|
|
|
Laidlaw Environmental: |
|
|
|
|
|
|
|
Series 1995 A, AMT, |
|
|
|
|
|
|
|
7.500% 02/01/10 |
|
250,000 |
|
252,202 |
|
|
|
Series 1997 A, AMT, |
|
|
|
|
|
|
|
7.450% 07/01/17 |
|
500,000 |
|
521,290 |
|
|
Disposal Total |
|
1,305,367 |
|
|||
|
Resource Recovery – 1.3% |
|
|
|
|
|
|
|
MA Industrial Finance Agency |
|
|
|
|
|
|
|
|
Ogden Haverhill Associates, |
|
|
|
|
|
|
|
Series 1998 A, AMT, |
|
|
|
|
|
|
|
5.500% 12/01/13 |
|
1,000,000 |
|
1,039,000 |
|
|
PA Delaware County Industrial Development Authority |
|
|
|
|
|
|
|
|
American REF-Fuel Co., |
|
|
|
|
|
|
|
Series 1997 A, |
|
|
|
|
|
|
|
6.200% 07/01/19 |
|
1,000,000 |
|
1,041,900 |
|
|
Resource Recovery Total |
|
2,080,900 |
|
|||
|
RESOURCE RECOVERY TOTAL |
|
3,386,267 |
|
|||
|
TAX-BACKED – 27.8% |
|
|
|
|
|
|
|
Local Appropriated – 1.6% |
|
|
|
|
|
|
|
CA Compton Civic Center & Capital Improvements |
|
|
|
|
|
|
|
|
Series 1997 A, |
|
|
|
|
|
|
|
5.500% 09/01/15 |
|
1,000,000 |
|
1,034,690 |
|
|
SC Dorchester County School District No. 2 |
|
|
|
|
|
|
|
|
Series 2004, |
|
|
|
|
|
|
|
5.250% 12/01/29 |
|
500,000 |
|
522,765 |
|
20
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
TAX-BACKED – (continued) |
|
|
|
|
|
|
|
Local Appropriated – (continued) |
|
|
|
|
|
|
|
SC Laurens County School District No. 55 |
|
|
|
|
|
|
|
|
Series 2005, |
|
|
|
|
|
|
|
5.250% 12/01/30 |
|
700,000 |
|
728,028 |
|
|
SC Newberry County School District |
|
|
|
|
|
|
|
|
Series 2005, |
|
|
|
|
|
|
|
5.000% 12/01/30 |
|
400,000 |
|
407,088 |
|
|
Local Appropriated Total |
|
2,692,571 |
|
|||
|
Local General Obligations – 8.8% |
|
|
|
|
|
|
|
CA East Side Union High School District |
|
|
|
|
|
|
|
|
Series 2003 B, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
|
|
5.100% 02/01/20 |
|
750,000 |
|
834,990 |
|
|
CA Fresno Unified School District |
|
|
|
|
|
|
|
|
Series 2002 A, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
|
|
6.000% 02/01/18 |
|
770,000 |
|
918,602 |
|
|
CA Los Angeles Unified School District |
|
|
|
|
|
|
|
|
Series 2002 E, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
|
|
5.750% 07/01/16 |
|
600,000 |
|
695,754 |
|
|
CA Vallejo City Unified School District |
|
|
|
|
|
|
|
|
Series 2002 A, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
|
|
5.900% 08/01/25 |
|
1,000,000 |
|
1,196,420 |
|
|
CO Northwest Metropolitan District No. 3 |
|
|
|
|
|
|
|
|
Series 2005, |
|
|
|
|
|
|
|
6.250% 12/01/35 |
|
500,000 |
|
527,465 |
|
|
LA New Orleans |
|
|
|
|
|
|
|
|
Series 1991, |
|
|
|
|
|
|
|
Insured: AMBAC |
|
|
|
|
|
|
|
(a) 09/01/15 |
|
4,000,000 |
|
2,681,560 |
|
|
NJ Bergen County Improvement Authority |
|
|
|
|
|
|
|
|
Series 2005, |
|
|
|
|
|
|
|
5.000% 11/15/24 |
|
1,000,000 |
|
1,109,150 |
|
|
NY New York |
|
|
|
|
|
|
|
|
Series 1998 H, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
|
|
5.125% 08/01/25 |
|
4,815,000 |
|
4,968,358 |
|
|
TX Dallas County Flood Control District |
|
|
|
|
|
|
|
|
Series 2002, |
|
|
|
|
|
|
|
7.250% 04/01/32 |
|
750,000 |
|
796,695 |
|
|
TX Irving Independent School District |
|
|
|
|
|
|
|
|
Series 1997 A, |
|
|
|
|
|
|
|
Insured: PSFG |
|
|
|
|
|
21
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
TAX-BACKED – (continued) |
|
|
|
|
|
|
|
Local General Obligations – (continued) |
|
|
|
|
|
|
|
|
(a) 02/15/16 |
|
1,000,000 |
|
676,140 |
|
|
Local General Obligations Total |
|
14,405,134 |
|
|||
|
Special Non-Property Tax – 6.6% |
|
|
|
|
|
|
|
CA San Diego Redevelopment Agency |
|
|
|
|
|
|
|
|
Series 2001, |
|
|
|
|
|
|
|
Insured: FSA |
|
|
|
|
|
|
|
(a) 09/01/18 |
|
1,015,000 |
|
607,752 |
|
|
IL Bolingbrook |
|
|
|
|
|
|
|
|
Sales Tax Revenue, |
|
|
|
|
|
|
|
Series 2005, |
|
|
|
|
|
|
|
(h) 01/01/24 (6.250% 01/01/08) |
|
500,000 |
|
474,650 |
|
|
IL Metropolitan Pier & Exposition Authority |
|
|
|
|
|
|
|
|
McCormick Place Expansion:: |
|
|
|
|
|
|
|
Series 1994 A, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
|
|
(a) 06/15/15 |
|
3,000,000 |
|
2,091,090 |
|
|
|
Series 1996 A, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
|
|
(a) 12/15/13 |
|
5,000,000 |
|
3,744,150 |
|
|
|
Series 2002 A, |
|
|
|
|
|
|
|
Insured: FGIC |
|
|
|
|
|
|
|
(a) 06/15/14 |
|
3,990,000 |
|
2,913,498 |
|
|
KS Wyandotte County |
|
|
|
|
|
|
|
|
Series 2005, |
|
|
|
|
|
|
|
5.000% 12/01/20 |
|
225,000 |
|
233,419 |
|
|
NJ Economic Development Authority |
|
|
|
|
|
|
|
|
Cigarette Tax, |
|
|
|
|
|
|
|
Series 2004, |
|
|
|
|
|
|
|
5.500% 06/15/31 |
|
120,000 |
|
125,801 |
|
|
|
5.750% 06/15/29 |
|
500,000 |
|
535,590 |
|
|
Special Non-Property Tax Total |
|
10,725,950 |
|
|||
|
Special Property Tax – 9.3% |
|
|
|
|
|
|
|
CA Huntington Beach Community Facilities District |
|
|
|
|
|
|
|
|
Grand Coast Resort, |
|
|
|
|
|
|
|
Series 2001-1, |
|
|
|
|
|
|
|
6.450% 09/01/31 |
|
500,000 |
|
536,785 |
|
|
CA Lincoln Community Facilities District No. 2003-1 |
|
|
|
|
|
|
|
|
Series 2004, |
|
|
|
|
|
|
|
5.550% 09/01/18 |
|
500,000 |
|
525,485 |
|
|
CA Oakdale Public Financing Authority |
|
|
|
|
|
|
|
|
Central City Redevelopment Project, |
|
|
|
|
|
|
|
Series 2004, |
|
|
|
|
|
|
|
5.375% 06/01/33 |
|
1,125,000 |
|
1,169,314 |
|
22
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
TAX-BACKED – (continued) |
|
|
|
|
|
|
|
Special Property Tax – (continued) |
|
|
|
|
|
|
|
CA Orange County Improvement Bond Act 1915 |
|
|
|
|
|
|
|
|
Phase IV, No. 01-1-B, |
|
|
|
|
|
|
|
Series 2003, |
|
|
|
|
|
|
|
5.750% 09/02/33 |
|
500,000 |
|
515,435 |
|
|
CA Redwood City Community Facilities District No. 1 |
|
|
|
|
|
|
|
|
Series 2003 B, |
|
|
|
|
|
|
|
6.000% 09/01/33 |
|
300,000 |
|
311,376 |
|
|
CA Temecula Valley Unified School District No. 1 |
|
|
|
|
|
|
|
|
Series 2003, |
|
|
|
|
|
|
|
6.125% 09/01/33 |
|
355,000 |
|
363,509 |
|
|
CA Yorba Linda Redevelopment Agency |
|
|
|
|
|
|
|
|
Series 1998 A, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
|
|
(a) 09/01/24 |
|
1,325,000 |
|
590,579 |
|
|
FL Celebration Community Development District |
|
|
|
|
|
|
|
|
Series 2003 A, |
|
|
|
|
|
|
|
6.400% 05/01/34 |
|
730,000 |
|
772,909 |
|
|
FL Colonial Country Club Community Development District |
|
|
|
|
|
|
|
|
Series 2003, |
|
|
|
|
|
|
|
6.400% 05/01/33 |
|
485,000 |
|
517,543 |
|
|
FL Double Branch Community Development District |
|
|
|
|
|
|
|
|
Series 2002 A, |
|
|
|
|
|
|
|
6.700% 05/01/34 |
|
490,000 |
|
546,874 |
|
|
FL Islands at Doral Southwest Community Development District |
|
|
|
|
|
|
|
|
Series 2003, |
|
|
|
|
|
|
|
6.375% 05/01/35 |
|
245,000 |
|
258,865 |
|
|
FL Lexington Oaks Community Development District |
|
|
|
|
|
|
|
|
Series 1998 A, |
|
|
|
|
|
|
|
6.125% 05/01/19 |
|
685,000 |
|
688,959 |
|
|
FL Orlando |
|
|
|
|
|
|
|
|
Conroy Road Interchange, |
|
|
|
|
|
|
|
Series 1998 A, |
|
|
|
|
|
|
|
5.500% 05/01/10 |
|
85,000 |
|
86,817 |
|
|
|
5.800% 05/01/26 |
|
300,000 |
|
305,994 |
|
|
FL Seven Oaks Community Development District |
|
|
|
|
|
|
|
|
Series 2004 B, |
|
|
|
|
|
|
|
5.000% 05/01/09 |
|
760,000 |
|
761,991 |
|
|
FL Stoneybrook Community Development District |
|
|
|
|
|
|
|
|
Series 1998 A, |
|
|
|
|
|
|
|
6.100% 05/01/19 |
|
215,000 |
|
216,262 |
|
23
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
TAX-BACKED – (continued) |
|
|
|
|
|
|
|
Special Property Tax – (continued) |
|
|
|
|
|
|
|
|
Series 1998 B, |
|
|
|
|
|
|
|
5.700% 05/01/08 |
|
25,000 |
|
25,103 |
|
|
FL West Villages Improvement District |
|
|
|
|
|
|
|
|
Series 2006, |
|
|
|
|
|
|
|
5.500% 05/01/37 |
|
500,000 |
|
508,465 |
|
|
FL Westchester Community Development District No.1 |
|
|
|
|
|
|
|
|
Series 2003, |
|
|
|
|
|
|
|
6.125% 05/01/35 |
|
275,000 |
|
290,538 |
|
|
FL Westridge Community Development District |
|
|
|
|
|
|
|
|
Series 2005, |
|
|
|
|
|
|
|
5.800% 05/01/37 |
|
1,000,000 |
|
1,014,910 |
|
|
GA Atlanta |
|
|
|
|
|
|
|
|
Eastside Project, |
|
|
|
|
|
|
|
Series 2005 B, |
|
|
|
|
|
|
|
5.400% 01/01/20 |
|
500,000 |
|
512,475 |
|
|
IL Chicago |
|
|
|
|
|
|
|
|
Pilsen Redevelopment, |
|
|
|
|
|
|
|
Series 2004 B, |
|
|
|
|
|
|
|
6.750% 06/01/22 |
|
310,000 |
|
326,942 |
|
|
IL Du Page County Special Service Area No. 31 |
|
|
|
|
|
|
|
|
Series 2006, |
|
|
|
|
|
|
|
5.625% 03/01/36 |
|
250,000 |
|
252,990 |
|
|
IL Lincolnshire Special Services Area No. 1 |
|
|
|
|
|
|
|
|
Series 2004, |
|
|
|
|
|
|
|
6.250% 03/01/34 |
|
250,000 |
|
262,065 |
|
|
IL Plano Special Service Area No.4 |
|
|
|
|
|
|
|
|
Series 2005 5-B, |
|
|
|
|
|
|
|
6.000% 03/01/35 |
|
1,500,000 |
|
1,490,145 |
|
|
IL Volo Village Special Service Area No. 3 |
|
|
|
|
|
|
|
|
Series 2006 1, |
|
|
|
|
|
|
|
6.000% 03/01/36 |
|
485,000 |
|
489,413 |
|
|
IN City of Portage |
|
|
|
|
|
|
|
|
Series 2006, |
|
|
|
|
|
|
|
5.000% 01/15/27 |
|
260,000 |
|
261,193 |
|
|
MI Pontiac Tax Increment Finance Authority |
|
|
|
|
|
|
|
|
Development Area No. 3, |
|
|
|
|
|
|
|
Series 2002, |
|
|
|
|
|
|
|
6.375% 06/01/31 |
|
450,000 |
|
482,423 |
|
|
MI Taylor Tax Increment Finance Authority |
|
|
|
|
|
|
|
|
Series 2001, |
|
|
|
|
|
|
|
Insured: FSA |
|
|
|
|
|
|
|
5.375% 05/01/17 |
|
1,000,000 |
|
1,066,410 |
|
|
Special Property Tax Total |
|
15,151,769 |
|
|||
24
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
TAX-BACKED – (continued) |
|
|
|
|
|
|
|
State Appropriated – 1.2% |
|
|
|
|
|
|
|
MI Building Authority |
|
|
|
|
|
|
|
|
Series 2001 I, |
|
|
|
|
|
|
|
5.000% 10/15/24 |
|
1,000,000 |
|
1,044,440 |
|
|
PR Commonwealth of Puerto Rico Public Finance Corp. |
|
|
|
|
|
|
|
|
Series 2002 E, |
|
|
|
|
|
|
|
6.000% 08/01/26 |
|
820,000 |
|
962,664 |
|
|
State Appropriated Total |
|
2,007,104 |
|
|||
|
State General Obligations – 0.3% |
|
|
|
|
|
|
|
CA State |
|
|
|
|
|
|
|
|
Series 2003, |
|
|
|
|
|
|
|
5.250% 02/01/23 |
|
380,000 |
|
423,134 |
|
|
State General Obligations Total |
|
423,134 |
|
|||
|
TAX-BACKED TOTAL |
|
45,435,662 |
|
|||
|
TRANSPORTATION – 13.0% |
|
|
|
|
|
|
|
Air Transportation – 4.4% |
|
|
|
|
|
|
|
CA Los Angeles Regional Airport |
|
|
|
|
|
|
|
|
LAXfuel Corp., |
|
|
|
|
|
|
|
Series 2001, AMT, |
|
|
|
|
|
|
|
Insured: AMBAC |
|
|
|
|
|
|
|
5.250% 01/01/23 |
|
500,000 |
|
515,420 |
|
|
CO Denver City & County Airport |
|
|
|
|
|
|
|
|
United Air Lines, Inc., |
|
|
|
|
|
|
|
Series 1992 A, AMT, |
|
|
|
|
|
|
|
6.875% 10/01/32 |
|
645,000 |
|
818,370 |
|
|
FL Capital Trust Agency |
|
|
|
|
|
|
|
|
Air Cargo-Orlando, |
|
|
|
|
|
|
|
Series 2003, AMT, |
|
|
|
|
|
|
|
6.750% 01/01/32 |
|
350,000 |
|
375,760 |
|
|
IN Indianapolis Airport Authority |
|
|
|
|
|
|
|
|
Fed Ex Corp., |
|
|
|
|
|
|
|
Series 2004, AMT, |
|
|
|
|
|
|
|
5.100% 01/15/17 |
|
500,000 |
|
523,690 |
|
|
NC Charlotte/Douglas International Airport |
|
|
|
|
|
|
|
|
US Airways, Inc.: |
|
|
|
|
|
|
|
Series 1998, AMT, |
|
|
|
|
|
|
|
5.600% 07/01/27 |
|
250,000 |
|
247,682 |
|
|
|
Series 2000, AMT, |
|
|
|
|
|
|
|
7.750% 02/01/28 |
|
500,000 |
|
532,520 |
|
|
NJ Economic Development Authority |
|
|
|
|
|
|
|
|
Continental Airlines, Inc., |
|
|
|
|
|
|
|
Series 2003, AMT, |
|
|
|
|
|
|
|
9.000% 06/01/33 |
|
1,250,000 |
|
1,494,187 |
|
|
NY New York City Industrial Development Agency |
|
|
|
|
|
|
|
|
Terminal One Group-JFK International Airport,, |
|
|
|
|
|
|
|
Series 2005, AMT, |
|
|
|
|
|
|
|
5.500% 01/01/21 |
|
500,000 |
|
538,915 |
|
25
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
TRANSPORTATION – (continued) |
|
|
|
|
|
|
|
Air Transportation – (continued) |
|
|
|
|
|
|
|
NY New York City Industrial Development Authority |
|
|
|
|
|
|
|
|
JFK International Airport, |
|
|
|
|
|
|
|
American Airlines, Inc., |
|
|
|
|
|
|
|
Series 2002 B, AMT, |
|
|
|
|
|
|
|
8.500% 08/01/28 |
|
500,000 |
|
574,075 |
|
|
PA Philadelphia Authority for Industrial Development |
|
|
|
|
|
|
|
|
Aero Philadelphia, |
|
|
|
|
|
|
|
Series 1999, AMT, |
|
|
|
|
|
|
|
5.250% 01/01/09 |
|
220,000 |
|
221,032 |
|
|
TX Dallas-Fort Worth International Airport |
|
|
|
|
|
|
|
|
American Airlines, Inc., |
|
|
|
|
|
|
|
Series 2000 A, AMT, |
|
|
|
|
|
|
|
9.000% 05/01/29 |
|
750,000 |
|
863,370 |
|
|
TX Houston Industrial Development Corp. |
|
|
|
|
|
|
|
|
United Parcel Service, |
|
|
|
|
|
|
|
Series 2002, AMT, |
|
|
|
|
|
|
|
6.000% 03/01/23 |
|
510,000 |
|
534,679 |
|
|
Air Transportation Total |
|
7,239,700 |
|
|||
|
Airports – 2.0% |
|
|
|
|
|
|
|
GA Augusta Airport |
|
|
|
|
|
|
|
|
Series 2005 B, AMT, |
|
|
|
|
|
|
|
5.350% 01/01/28 |
|
215,000 |
|
223,297 |
|
|
TX Dallas Fort Worth International Airport |
|
|
|
|
|
|
|
|
Series 2004 B, AMT, |
|
|
|
|
|
|
|
Insured: FSA |
|
|
|
|
|
|
|
5.000% 11/01/25 |
|
3,000,000 |
|
3,091,050 |
|
|
Airports Total |
|
3,314,347 |
|
|||
|
Toll Facilities – 3.3% |
|
|
|
|
|
|
|
CA San Joaquin Hills Transportation Corridor Agency |
|
|
|
|
|
|
|
|
Series 1997 A, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
|
|
(a) 01/15/15 |
|
3,000,000 |
|
2,146,110 |
|
|
CO E-470 Public Highway Authority |
|
|
|
|
|
|
|
|
Series 2000 B, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
|
|
(a) 09/01/18 |
|
3,000,000 |
|
1,789,980 |
|
|
CO Northwest Parkway Public Highway Authority |
|
|
|
|
|
|
|
|
Series 2001 D, |
|
|
|
|
|
|
|
7.125% 06/15/41 |
|
1,000,000 |
|
992,880 |
|
|
PR Commonwealth of Puerto Rico Highway & Transportation Authority |
|
|
|
|
|
|
|
|
Series 2003 AA, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
|
|
5.500% 07/01/18 |
|
375,000 |
|
428,355 |
|
|
Toll Facilities Total |
|
5,357,325 |
|
|||
26
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
TRANSPORTATION – (continued) |
|
|
|
|
|
|
|
Transportation – 3.3% |
|
|
|
|
|
|
|
NV Department of Business & Industry |
|
|
|
|
|
|
|
|
Las Vegas Monorail Co., |
|
|
|
|
|
|
|
Series 2000, |
|
|
|
|
|
|
|
7.375% 01/01/40 |
|
750,000 |
|
771,615 |
|
|
NY Port Authority of New York & New Jersey |
|
|
|
|
|
|
|
|
Series 2004, AMT, |
|
|
|
|
|
|
|
Insured: FSA |
|
|
|
|
|
|
|
5.125% 07/15/30(i) |
|
4,450,000 |
|
4,678,597 |
|
|
Transportation Total |
|
5,450,212 |
|
|||
|
TRANSPORTATION TOTAL |
|
21,361,584 |
|
|||
|
UTILITIES – 14.4% |
|
|
|
|
|
|
|
Independent Power Producers – 1.8% |
|
|
|
|
|
|
|
NY Port Authority of New York & New Jersey |
|
|
|
|
|
|
|
|
KIAC Partners, |
|
|
|
|
|
|
|
Series 1996 IV, AMT, |
|
|
|
|
|
|
|
6.750% 10/01/11 |
|
2,000,000 |
|
2,031,000 |
|
|
NY Suffolk County Industrial Development Authority |
|
|
|
|
|
|
|
|
Nissequogue Cogeneration Partners Facilities, |
|
|
|
|
|
|
|
Series 1998, AMT, |
|
|
|
|
|
|
|
5.500% 01/01/23 |
|
550,000 |
|
543,323 |
|
|
PA Carbon City Industrial Development Authority |
|
|
|
|
|
|
|
|
Panther Creek Partners, |
|
|
|
|
|
|
|
Series 2000, AMT, |
|
|
|
|
|
|
|
6.650% 05/01/10 |
|
115,000 |
|
121,346 |
|
|
PR Commonwealth of Puerto Rico Industrial, Tourist, Educational, Medical & Environmental Cogeneration Facilities |
|
|
|
|
|
|
|
|
AES Project, |
|
|
|
|
|
|
|
Series 2000, AMT, |
|
|
|
|
|
|
|
6.625% 06/01/26 |
|
320,000 |
|
348,483 |
|
|
Independent Power Producers Total |
|
3,044,152 |
|
|||
|
Investor Owned – 7.9% |
|
|
|
|
|
|
|
AZ Pima County Industrial Development Authority |
|
|
|
|
|
|
|
|
Tucson Electric Power Co., |
|
|
|
|
|
|
|
Series 1997 A, AMT, |
|
|
|
|
|
|
|
6.100% 09/01/25 |
|
750,000 |
|
755,513 |
|
|
CA Chula Vista Industrial Development Authority |
|
|
|
|
|
|
|
|
Enova Corp., |
|
|
|
|
|
|
|
Series 1996 B, AMT, |
|
|
|
|
|
|
|
5.500% 12/01/21 |
|
475,000 |
|
516,738 |
|
|
FL Polk County Industrial Development Authority |
|
|
|
|
|
|
|
|
Tampa Electric Co., |
|
|
|
|
|
|
|
Series 1996, AMT, |
|
|
|
|
|
|
|
5.850% 12/01/30 |
|
800,000 |
|
816,224 |
|
27
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
UTILITIES – (continued) |
|
|
|
|
|
|
|
Investor Owned – (continued) |
|
|
|
|
|
|
|
IL Bryant |
|
|
|
|
|
|
|
|
Central Illinois Light Co., |
|
|
|
|
|
|
|
Series 1993, |
|
|
|
|
|
|
|
5.900% 08/01/23 |
|
1,000,000 |
|
1,001,380 |
|
|
IN Petersburg |
|
|
|
|
|
|
|
|
Indianapolis Power & Light Co., |
|
|
|
|
|
|
|
Series 1995, |
|
|
|
|
|
|
|
6.625% 12/01/24 |
|
750,000 |
|
765,030 |
|
|
LA Calcasieu Parish Industrial Development Board |
|
|
|
|
|
|
|
|
Entergy Gulf States, Inc., |
|
|
|
|
|
|
|
Series 1999, |
|
|
|
|
|
|
|
5.450% 07/01/10 |
|
500,000 |
|
503,700 |
|
|
LA West Feliciana Parish |
|
|
|
|
|
|
|
|
Entergy Gulf States, Inc., |
|
|
|
|
|
|
|
Series 1999 B, |
|
|
|
|
|
|
|
6.600% 09/01/28 |
|
500,000 |
|
502,365 |
|
|
MS Business Finance Corp. |
|
|
|
|
|
|
|
|
Systems Energy Resources, |
|
|
|
|
|
|
|
Series 1998, |
|
|
|
|
|
|
|
5.875% 04/01/22 |
|
1,500,000 |
|
1,502,160 |
|
|
MT Forsyth |
|
|
|
|
|
|
|
|
Northwestern Corp., |
|
|
|
|
|
|
|
Series 2006, |
|
|
|
|
|
|
|
Insured: AMBAC |
|
|
|
|
|
|
|
4.650% 08/01/23 |
|
1,000,000 |
|
1,016,500 |
|
|
|
Portland General, |
|
|
|
|
|
|
|
Series 1998 A, |
|
|
|
|
|
|
|
5.200% 05/01/33 |
|
225,000 |
|
231,104 |
|
|
NH Business Finance Authority |
|
|
|
|
|
|
|
|
Pubilc Service Co., |
|
|
|
|
|
|
|
Series 2006 B, AMT, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
|
|
4.750% 05/01/21 |
|
250,000 |
|
254,123 |
|
|
NV Clark County Industrial Development Authority |
|
|
|
|
|
|
|
|
Nevada Power Co., |
|
|
|
|
|
|
|
Series 1997 A, AMT, |
|
|
|
|
|
|
|
5.900% 11/01/32 |
|
1,500,000 |
|
1,500,285 |
|
|
OH Air Quality Development Authority |
|
|
|
|
|
|
|
|
Cleveland Electric Illuminating Co., |
|
|
|
|
|
|
|
Series 2002 A, |
|
|
|
|
|
|
|
6.000% 12/01/13 |
|
650,000 |
|
669,695 |
|
|
PA Economic Development Financing Authority |
|
|
|
|
|
|
|
|
Reliant Energy, Inc., |
|
|
|
|
|
|
|
Series 2001 A, AMT, |
|
|
|
|
|
|
|
6.750% 12/01/36 |
|
400,000 |
|
429,800 |
|
|
TX Brazos River Authority |
|
|
|
|
|
|
|
|
TXU Energy Co., LLC: |
|
|
|
|
|
28
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Bonds – (continued) |
|
|
|
|
|
|
|
UTILITIES – (continued) |
|
|
|
|
|
|
|
Investor Owned – (continued) |
|
|
|
|
|
|
|
|
Series 2001 C, AMT, |
|
|
|
|
|
|
|
5.750% 05/01/36 |
|
220,000 |
|
233,400 |
|
|
|
Series 2003 C, AMT, |
|
|
|
|
|
|
|
6.750% 10/01/38 |
|
555,000 |
|
624,591 |
|
|
VA Pittsylvania County Industrial Development Authority |
|
|
|
|
|
|
|
|
Virginia Electric & Power Co., |
|
|
|
|
|
|
|
Series 1994 A, AMT, |
|
|
|
|
|
|
|
7.450% 01/01/09 |
|
600,000 |
|
606,522 |
|
|
WY Campbell County |
|
|
|
|
|
|
|
|
Black Hills Power, Inc., |
|
|
|
|
|
|
|
Series 2004, |
|
|
|
|
|
|
|
5.350% 10/01/24 |
|
1,000,000 |
|
1,038,330 |
|
|
Investor Owned Total |
|
12,967,460 |
|
|||
|
Joint Power Authority – 0.3% |
|
|
|
|
|
|
|
NC Eastern Municipal Power Agency |
|
|
|
|
|
|
|
|
Series 2003 F, |
|
|
|
|
|
|
|
5.500% 01/01/16 |
|
430,000 |
|
460,285 |
|
|
Joint Power Authority Total |
|
460,285 |
|
|||
|
Municipal Electric – 1.5% |
|
|
|
|
|
|
|
WA Seattle Light & Power |
|
|
|
|
|
|
|
|
Series 2001, |
|
|
|
|
|
|
|
Insured: FSA |
|
|
|
|
|
|
|
5.500% 03/01/17 |
|
2,250,000 |
|
2,399,850 |
|
|
Municipal Electric Total |
|
2,399,850 |
|
|||
|
Water & Sewer – 2.9% |
|
|
|
|
|
|
|
MA Water Resources Authority |
|
|
|
|
|
|
|
|
Series 1997 D, |
|
|
|
|
|
|
|
Insured: MBIA |
|
|
|
|
|
|
|
5.000% 08/01/24 |
|
2,000,000 |
|
2,052,780 |
|
|
MS V Lakes Utility District |
|
|
|
|
|
|
|
|
Series 1994, |
|
|
|
|
|
|
|
8.250% 07/15/24(d) |
|
485,000 |
|
371,035 |
|
|
TX Houston Water & Sewer System |
|
|
|
|
|
|
|
|
Series 1991 C, |
|
|
|
|
|
|
|
Insured: AMBAC |
|
|
|
|
|
|
|
(a) 12/01/12 |
|
3,000,000 |
|
2,350,380 |
|
|
Water & Sewer Total |
|
4,774,195 |
|
|||
|
UTILITIES TOTAL |
|
23,645,942 |
|
|||
|
|
Total
Municipal Bonds |
|
|
|
245,695,753 |
|
|
Municipal Preferred Stocks – 2.0% |
|
|
|
|
|
|
|
HOUSING – 2.0% |
|
|
|
|
|
|
|
Multi-Family – 2.0% |
|
|
|
|
|
|
|
Charter Mac Equity Issuer Trust |
|
|
|
|
|
|
|
|
AMT, |
|
|
|
|
|
29
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Municipal Preferred Stocks – (continued) |
|
|
|
|
|
|
|
HOUSING – (continued) |
|
|
|
|
|
|
|
Multi-Family – (continued) |
|
|
|
|
|
|
|
|
6.000% 04/30/19(e) |
|
1,000,000 |
|
1,082,600 |
|
|
|
Series 2000, AMT, |
|
|
|
|
|
|
|
7.600% 11/30/10(e) |
|
500,000 |
|
554,935 |
|
|
GMAC Municipal Mortgage Trust |
|
|
|
|
|
|
|
|
AMT, |
|
|
|
|
|
|
|
5.600% 10/31/39(e) |
|
500,000 |
|
522,875 |
|
|
MuniMae Trust |
|
|
|
|
|
|
|
|
AMT, |
|
|
|
|
|
|
|
5.800% 06/30/49(e) |
|
1,000,000 |
|
1,024,060 |
|
|
Multi-Family Total |
|
3,184,470 |
|
|||
|
HOUSING TOTAL |
|
3,184,470 |
|
|||
|
|
Total
Municipal Preferred Stocks |
|
|
|
3,184,470 |
|
|
|
|
|
|
|
Shares |
|
|
Investment Company – 0.0% |
|
|
|
|
|
|
|
|
Dreyfus Tax-Exempt Cash Management Fund |
|
3,946 |
|
3,946 |
|
|
|
|
|
|
|
|
|
|
|
Total Investment Company |
|
|
|
3,946 |
|
|
|
|
|
Par ($) |
|
|
|
|
Short-Term Obligations – 0.7% |
|
|
|
|
|
|
|
VARIABLE RATE DEMAND NOTES (j) – 0.7% |
|
|
|
|
|
|
|
FL Orange County School Board |
|
|
|
|
|
|
|
|
Series 2000 B, |
|
|
|
|
|
|
|
SPA: Sun Trust Bank N.A. |
|
|
|
|
|
|
|
3.410% 08/01/25 |
|
500,000 |
|
500,000 |
|
|
|
Series 2002 B, |
|
|
|
|
|
|
|
3.410% 08/01/27 |
|
200,000 |
|
200,000 |
|
|
IL Health Facilities Authority |
|
|
|
|
|
|
|
|
OSF Healthcare Systems, |
|
|
|
|
|
|
|
Series 2002, |
|
|
|
|
|
|
|
LOC: Fifth Third Bank |
|
|
|
|
|
|
|
3.570% 11/15/27 |
|
100,000 |
|
100,000 |
|
|
MN Mankato |
|
|
|
|
|
|
|
|
Bethany Lutheran College, Inc., |
|
|
|
|
|
|
|
Series 2000 B, |
|
|
|
|
|
|
|
LOC: Wells Fargo Bank N.A. |
|
|
|
|
|
|
|
3.620% 11/01/15 |
|
100,000 |
|
100,000 |
|
30
|
|
|
|
Par ($) |
|
Value ($) |
|
|
Short-Term Obligations – (continued) |
|
|
|
|
|
|
|
VARIABLE RATE DEMAND NOTES(j) – (continued) |
|
|
|
|
|
|
|
MO Health & Educational Facilities Authority |
|
|
|
|
|
|
|
|
Bethesda Health Group, Inc., |
|
|
|
|
|
|
|
Series 2001 A, |
|
|
|
|
|
|
|
3.620% 08/01/31 |
|
100,000 |
|
100,000 |
|
|
MT Forsyth |
|
|
|
|
|
|
|
|
PacifiCorp, |
|
|
|
|
|
|
|
Series 1988, |
|
|
|
|
|
|
|
LOC: BNP Paribas |
|
|
|
|
|
|
|
3.550% 01/01/18 |
|
100,000 |
|
100,000 |
|
|
TN Blount County Public Building Authority |
|
|
|
|
|
|
|
|
Series 2006 D-7-B, |
|
|
|
|
|
|
|
LOC: Depfa Bank PLC |
|
|
|
|
|
|
|
3.610% 06/01/31 |
|
100,000 |
|
100,000 |
|
|
VARIABLE RATE DEMAND NOTES TOTAL |
|
1,200,000 |
|
|||
|
|
Total Short-Term Obligations |
|
|
|
1,200,000 |
|
31
|
|
Total Investments – 152.7% |
|
|
|
250,084,169 |
|
|
|
Auction Preferred Shares Plus Cumulative Unpaid Distributions- (55.0)% |
|
|
|
(90,051,786) |
|
|
|
Other Assets & Liabilities, Net – 2.3% |
|
|
|
3,736,079 |
|
|
|
Net Assets – 100.0% |
|
|
|
163,768,462 |
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|
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Notes to Investment Portfolio: |
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* |
Security Valuation: |
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Debt
securities generally are valued by pricing services approved by the Trust’s
Board of Trustees, based upon market transactions for normal,
institutional-size trading units of similar securities. The services may use
various pricing techniques which take into account appropriate factors such
as yield, quality, coupon rate, maturity, type of issue, trading
characteristics and other data, as well as broker quotes. Debt securities for
which quotations are readily available are valued at an over-the-counter or
exchange bid quotation. Certain debt securities, which tend to be more thinly
traded and of lesser quality, are priced based on fundamental analysis of the
financial condition of the issuer and the estimated value of any collateral.
Valuations developed through pricing techniques may vary from the actual
amounts realized upon sale of the securities, and the potential variation may
be greater for those securities valued using fundamental analysis. |
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(a) |
Zero coupon bond. |
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(b) |
Denotes a restricted security, which is subject to registration with the SEC or is required to be exempted from such registration prior to resale. At August 31, 2006, the value of this security represents 0.7% of net assets. |
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32
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Security |
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Acquisition |
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Acquisition |
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CA Statewide Communities Development |
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||||||||||||||||
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Authority, Crossroads School for Arts & Sciences, |
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Series 1998, |
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||||||||||||||||
|
|
|
6.00% 08/01/28 |
|
08/21/98 |
|
$ |
1,070,000 |
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|||||||||||||||
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|
||||||||||||||||||||
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(c) |
Fair valued security as of August 31, 2006. |
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(d) |
The issuer is in default of certain debt covenants. Income is not being accrued. At August 31, 2006, the value of these securities amounted to $522,294, which represents 0.3% of net assets. |
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(e) |
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At August 31, 2006, these securities, which did not any illiquid securities except for the following, amounted to $7,803,034, which represents 4.7% of net assets. |
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Security |
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Acquisition |
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Par/Unit |
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Cost |
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Value |
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||||||||||||
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|
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Resolution Trust Corp., Pass-Through Certificates, Series 1993 A, 8.500% 12/01/16 |
|
08/27/93 |
|
$ |
455,481 |
|
$ |
455,481 |
|
$ |
448,845 |
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(f) |
Security purchased on a delayed delivery basis. |
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(g) |
The Trust has been informed that each issuer has placed direct obligations of the U.S. Government in an irrevocable trust, solely for the payment of principal and interest. |
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(h) |
Step bond. This security is currently not paying coupon. Shown parenthetically is the next interest rate to be paid and the date the Trust will begin accruing at this rate. |
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(i) |
Security purchased as collateral for open futures contracts. |
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(j) |
Variable rate demand notes. These securities are payable upon demand and is secured by letters of credit or other credit support agreements from banks. The interest rate changes periodically and the interest rate shown reflect the rate as of August 31, 2006. |
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(k) |
Cost for federal income tax purposes is $239,129,852. |
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(l) |
Unrealized appreciation and depreciation at August 31, 2006 based on cost of investments for federal income tax purposes was: |
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||||||||||||||||||||
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|
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Unrealized |
|
Unrealized |
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Net
Unrealized |
|
|
||||||||||||||
|
|
|
|
$ |
15,100,189 |
|
$ |
(4,145,872 |
) |
$ |
10,954,317 |
|
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|||||||||||
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At August 31, 2006, the Fund held the following open short futures contracts: |
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|
|
Number of |
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|
|
Aggregate |
|
Expiration |
|
Unrealized |
|
|||||
|
Type |
|
Contracts |
|
Value |
|
Face Value |
|
Date |
|
(Depreciation) |
|
|||||
|
10-Year U.S. Treasury Notes |
|
162 |
|
$ |
17,402,343 |
|
$ |
17,067,348 |
|
Sept-2006 |
|
$ |
(334,995 |
) |
||
|
U.S. Treasury Bonds |
|
40 |
|
$ |
4,427,500 |
|
$ |
4,322,995 |
|
Sept-2006 |
|
$ |
(104,505 |
) |
||
|
|
|
|
|
|
|
|
|
|
|
$ |
(439,500 |
) |
||||
At August 31, 2006, the Trust held the following forward swap contract:
33
|
Notional |
|
Effective |
|
Expiration |
|
Counter- |
|
Receive |
|
Fixed |
|
Variable |
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Net |
|
||
|
Amount |
|
Date |
|
Date |
|
party |
|
(Pay) |
|
Rate |
|
Rate |
|
Depreciation |
|
||
|
$ |
14,000,000 |
|
11/07/06 |
|
11/07/16 |
|
JPMorgan |
|
(Pay) |
|
4.168 |
% |
BMA Index |
|
$ |
(251,467 |
) |
|
|
|
Acronym |
|
Name |
|
|
|
|
AMBAC |
|
Ambac Assurance Corp. |
|
|
|
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AMT |
|
Alternative Minimum Tax |
|
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|
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BMA |
|
Bond Market Association |
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|
|
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FGIC |
|
Financial Guaranty Insurance Co. |
|
|
|
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FHA |
|
Federal Housing Administration |
|
|
|
|
FHLMC |
|
Federal Home Loan Mortgage Corp. |
|
|
|
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FSA |
|
Financial Security Assurance, Inc. |
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|
|
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GNMA |
|
Government National Mortgage Association |
|
|
|
|
LOC |
|
Letter of Credit |
|
|
|
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MBIA |
|
MBIA Insurance Corp. |
|
|
|
|
SPA |
|
Stand-by Purchase Agreement |
|
|
|
|
PSFG |
|
Permanent School Fund Guarantee |
|
34
Item 2. Controls and Procedures.
(a) The registrant’s principal executive officer and principal financial officer, based on their evaluation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing of this report, have concluded that such controls and procedures are adequately designed to ensure that information required to be disclosed by the registrant in Form N-Q is accumulated and communicated to the registrant’s management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
(b) There were no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 3. Exhibits.
Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) attached hereto as Exhibit 99.CERT.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
(registrant) |
|
Colonial Municipal Income Trust |
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|
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||
|
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|
||
|
By (Signature and Title) |
/s/ Christopher L. Wilson |
|
||
|
|
Christopher L. Wilson, President |
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||
|
|
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|
||
|
|
|
|
||
|
Date |
|
October 27, 2006 |
|
|
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
By (Signature and Title) |
/s/ Christopher L. Wilson |
|
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|
|
Christopher L. Wilson, President |
|
|
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|
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|
Date |
|
October 27, 2006 |
|
|
|
|
|
|
|
|
|
|
|
|
By (Signature and Title) |
/s/ J. Kevin Connaughton |
|
|
|
|
J. Kevin Connaughton, Treasurer |
|
|
|
|
|
|
|
|
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|
|
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|
Date |
|
October 27, 2006 |
|