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Portfolio of Investments (Unaudited)
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Nuveen North Carolina Dividend Advantage Municipal Fund 3 (NII)
|
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February 28, 2011
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Principal
|
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Optional Call
|
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|
Amount (000)
|
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Consumer Staples – 3.2% (2.0% of Total Investments)
|
|
|
|
$ 2,000
|
|
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,
|
5/12 at 100.00
|
BBB
|
$ 1,735,800
|
|
|
Series 2002, 5.500%, 5/15/39
|
|
|
|
|
|
Education and Civic Organizations – 3.3% (2.1% of Total Investments)
|
|
|
|
|
|
North Carolina Capital Facilities Financing Agency, Revenue Bonds, Duke University,
|
|
|
|
|
|
Series 2001A:
|
|
|
|
330
|
|
5.125%, 10/01/26
|
10/11 at 100.00
|
AA+
|
331,993
|
95
|
|
5.125%, 10/01/41
|
10/11 at 100.00
|
AA+
|
94,631
|
200
|
|
North Carolina Capital Facilities Financing Agency, Revenue Bonds, Johnson and Wales
|
4/13 at 100.00
|
N/R
|
177,362
|
|
|
University, Series 2003A, 5.000%, 4/01/33 – SYNCORA GTY Insured
|
|
|
|
705
|
|
University of North Carolina System, Pooled Revenue Refunding Bonds, Series 2002A, 5.000%,
|
10/12 at 100.00
|
A+
|
706,889
|
|
|
4/01/27 – AMBAC Insured
|
|
|
|
500
|
|
University of North Carolina Wilmington, Certificates of Participation, Student Housing
|
6/16 at 100.00
|
A–
|
527,885
|
|
|
Project Revenue Bonds, Series 2006, 5.000%, 6/01/21 – FGIC Insured
|
|
|
|
1,830
|
|
Total Education and Civic Organizations
|
|
|
1,838,760
|
|
|
Health Care – 18.9% (11.9% of Total Investments)
|
|
|
|
695
|
|
Albemarle Hospital Authority, North Carolina, Health Care Facilities Revenue Bonds, Series
|
10/17 at 100.00
|
N/R
|
576,683
|
|
|
2007, 5.250%, 10/01/27
|
|
|
|
1,200
|
|
Charlotte-Mecklenberg Hospital Authority, North Carolina, Carolinas HealthCare System Revenue
|
1/18 at 100.00
|
AA–
|
1,087,368
|
|
|
Bonds, Series 2008A, 5.000%, 1/15/47
|
|
|
|
500
|
|
Charlotte-Mecklenberg Hospital Authority, North Carolina, Health Care Refunding Revenue Bonds,
|
1/19 at 100.00
|
AA–
|
483,630
|
|
|
Carolinas HealthCare System, Series 2009A, 5.250%, 1/15/39
|
|
|
|
580
|
|
Charlotte-Mecklenburg Hospital Authority, North Carolina, Healthcare System Revenue Bonds,
|
1/12 at 100.00
|
AA–
|
548,518
|
|
|
Carolinas Healthcare System, Series 2001A, 5.000%, 1/15/31
|
|
|
|
520
|
|
Johnston Memorial Hospital Authority, North Carolina, Mortgage Revenue Bonds, Johnston
|
4/18 at 100.00
|
AA+
|
510,281
|
|
|
Memorial Hospital Project, Series 2008, 5.250%, 10/01/36 – AGM Insured
|
|
|
|
180
|
|
New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical
|
10/19 at 100.00
|
AA+
|
178,409
|
|
|
Center, Series 2006B, 5.125%, 10/01/31 – AGM Insured
|
|
|
|
2,000
|
|
North Carolina Medical Care Commission Health Care Facilities Revenue Bonds Novant Health
|
11/20 at 100.00
|
A+
|
1,888,080
|
|
|
Inc., Series 2010A, 5.250%, 11/01/40
|
|
|
|
1,000
|
|
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Appalchian
|
7/21 at 100.00
|
BBB+
|
1,011,890
|
|
|
Regional HealthCare System, Series 2011A, 6.500%, 7/01/31
|
|
|
|
545
|
|
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, WakeMed, Series
|
10/14 at 100.00
|
AA+
|
549,365
|
|
|
2009A, 5.625%, 10/01/38 – AGC Insured
|
|
|
|
2,000
|
|
North Carolina Medical Care Commission, Healthcare Facilities Revenue Bonds, Novant Health
|
11/13 at 100.00
|
A+
|
2,078,620
|
|
|
Obligated Group, Series 2003A, 5.000%, 11/01/18
|
|
|
|
1,000
|
|
North Carolina Medical Care Commission, Hospital Revenue Bonds, Wilson Medical Center, Series
|
11/17 at 100.00
|
A–
|
932,360
|
|
|
2007, 5.000%, 11/01/27
|
|
|
|
400
|
|
North Carolina Medical Care Commission, Revenue Bonds, Blue Ridge Healthcare System, Series
|
1/15 at 100.00
|
A
|
378,612
|
|
|
2005, 5.000%, 1/01/33 – FGIC Insured
|
|
|
|
150
|
|
Northern Hospital District of Surry County, North Carolina, Health Care Facilities Revenue
|
4/18 at 100.00
|
BBB
|
146,901
|
|
|
Bonds, Series 2008, 6.250%, 10/01/38
|
|
|
|
10,770
|
|
Total Health Care
|
|
|
10,370,717
|
|
|
Housing/Multifamily – 1.9% (1.2% of Total Investments)
|
|
|
|
1,000
|
|
Mecklenburg County, North Carolina, FNMA Multifamily Housing Revenue Bonds, Little Rock
|
7/13 at 105.00
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AAA
|
1,028,540
|
|
|
Apartments, Series 2003, 5.150%, 1/01/22 (Alternative Minimum Tax)
|
|
|
|
|
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Housing/Single Family – 2.7% (1.7% of Total Investments)
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|
|
|
580
|
|
North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, 1998 Trust Agreement,
|
7/11 at 100.00
|
AA
|
580,017
|
|
|
Series 5A, 5.625%, 7/01/30 (Alternative Minimum Tax)
|
|
|
|
500
|
|
North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, Series 2007-29A, 4.800%,
|
1/17 at 100.00
|
AA
|
456,460
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|
|
7/01/33 (Alternative Minimum Tax)
|
|
|
|
505
|
|
North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, Series 25-A, 4.900%,
|
7/16 at 100.00
|
AA
|
459,156
|
|
|
7/01/37 (Alternative Minimum Tax)
|
|
|
|
1,585
|
|
Total Housing/Single Family
|
|
|
1,495,633
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|
Long-Term Care – 1.6% (1.0% of Total Investments)
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|
|
|
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|
North Carolina Medical Care Commission, Healthcare Facilities Revenue Bonds, Presbyterian
|
|
|
|
|
|
Homes, Series 2006:
|
|
|
|
250
|
|
5.400%, 10/01/27
|
10/16 at 100.00
|
N/R
|
217,730
|
600
|
|
5.500%, 10/01/31
|
10/16 at 100.00
|
N/R
|
505,440
|
190
|
|
North Carolina Medical Care Commission, Revenue Bonds, Pines at Davidson, Series 2006A,
|
1/16 at 100.00
|
N/R
|
162,346
|
|
|
5.000%, 1/01/36
|
|
|
|
1,040
|
|
Total Long-Term Care
|
|
|
885,516
|
|
|
Materials – 0.3% (0.2% of Total Investments)
|
|
|
|
200
|
|
Columbus County Industrial Facilities and Pollution Control Financing Authority, North
|
3/17 at 100.00
|
BBB
|
174,192
|
|
|
Carolina, Environmental Improvement Revenue Bonds, International Paper Company Project,
|
|
|
|
|
|
Series 2007A, 4.625%, 3/01/27
|
|
|
|
|
|
Tax Obligation/General – 1.6% (1.0% of Total Investments)
|
|
|
|
300
|
|
North Carolina, General Obligation Bonds, Series 2004A, 5.000%, 3/01/22
|
3/14 at 100.00
|
AAA
|
323,142
|
550
|
|
Wake County, North Carolina, Limited Obligation Bonds, Series 2010, 5.000%, 1/01/37
|
1/20 at 100.00
|
AA+
|
550,550
|
850
|
|
Total Tax Obligation/General
|
|
|
873,692
|
|
|
Tax Obligation/Limited – 36.0% (22.8% of Total Investments)
|
|
|
|
1,800
|
|
Catawba County, North Carolina, Certificates of Participation, Series 2004, 5.250%, 6/01/22 –
|
6/14 at 100.00
|
Aa2
|
1,865,484
|
|
|
NPFG Insured
|
|
|
|
2,750
|
|
Charlotte, North Carolina, Certificates of Participation, Governmental Facilities Projects,
|
6/13 at 100.00
|
AA+
|
2,761,715
|
|
|
Series 2003G, 5.000%, 6/01/33
|
|
|
|
600
|
|
Charlotte, North Carolina, Certificates of Participation, Nascar Hall of Fame, Series 2009C,
|
6/19 at 100.00
|
AA+
|
592,350
|
|
|
5.000%, 6/01/39
|
|
|
|
575
|
|
Charlotte, North Carolina, Certificates of Participation, Transit Projects Phase 2, Series
|
6/18 at 100.00
|
AA+
|
577,559
|
|
|
2008A, 5.000%, 6/01/33
|
|
|
|
800
|
|
Craven County, North Carolina, Certificates of Participation, Series 2007, 5.000%, 6/01/27 –
|
6/17 at 100.00
|
AA–
|
815,432
|
|
|
NPFG Insured
|
|
|
|
3,000
|
|
Dare County, North Carolina, Certificates of Participation, Series 2002, 5.000%, 6/01/23 –
|
12/12 at 100.00
|
AA–
|
3,042,510
|
|
|
AMBAC Insured
|
|
|
|
200
|
|
Harnett County, North Carolina, Certificates of Participation, Series 2009, 5.000%, 6/01/28 –
|
6/19 at 100.00
|
AA+
|
201,128
|
|
|
AGC Insured
|
|
|
|
500
|
|
Lee County, North Carolina, Certificates of Participation, Public Schools and Community
|
4/14 at 100.00
|
AA+
|
527,065
|
|
|
College, Series 2004, 5.250%, 4/01/20 – AGM Insured
|
|
|
|
200
|
|
Mecklenburg County, North Carolina, Certificates of Participation, Series 2009A,
|
No Opt. Call
|
AA+
|
205,456
|
|
|
5.000%, 2/01/27
|
|
|
|
1,000
|
|
North Carolina, Certificates of Participation, Repair and Renovation Project, Series 2004B,
|
6/14 at 100.00
|
AA+
|
1,052,910
|
|
|
5.000%, 6/01/20
|
|
|
|
2,625
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2010A,
|
No Opt. Call
|
A+
|
531,116
|
|
|
0.000%, 8/01/35
|
|
|
|
565
|
|
Raleigh, North Carolina, Certificates of Participation, Series 2007, 5.000%, 2/01/27
|
2/17 at 100.00
|
AA+
|
580,566
|
2,000
|
|
Rutherford County, North Carolina, Certificates of Participation, Series 2002, 5.000%,
|
9/12 at 101.00
|
A1
|
2,019,680
|
|
|
9/01/21 – AMBAC Insured
|
|
|
|
1,000
|
|
Rutherford County, North Carolina, Certificates of Participation, Series 2007, 5.000%,
|
12/17 at 100.00
|
AA+
|
1,021,480
|
|
|
12/01/27 – AGM Insured
|
|
|
|
1,200
|
|
Sampson County, North Carolina, Certificates of Participation, Series 2006, 5.000%, 6/01/34 –
|
6/17 at 100.00
|
AA+
|
1,163,796
|
|
|
AGM Insured (UB)
|
|
|
|
1,785
|
|
Union County, North Carolina, Certificates of Participation, Series 2003, 5.000%, 6/01/20 –
|
6/13 at 101.00
|
Aa2
|
1,887,691
|
|
|
AMBAC Insured
|
|
|
|
500
|
|
Wilmington, North Carolina, Certificates of Participation, Series 2008A, 5.000%, 6/01/29
|
6/18 at 100.00
|
AA
|
510,485
|
400
|
|
Wilson County, North Carolina, Certificates of Participation, School Facilities Project,
|
4/17 at 100.00
|
Aa3
|
404,796
|
|
|
Series 2007, 5.000%, 4/01/25 – AMBAC Insured
|
|
|
|
21,500
|
|
Total Tax Obligation/Limited
|
|
|
19,761,219
|
|
|
Transportation – 7.2% (4.6% of Total Investments)
|
|
|
|
500
|
|
Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International Refunding
|
7/20 at 100.00
|
A+
|
471,110
|
|
|
Series 2010A, 5.000%, 7/01/39
|
|
|
|
660
|
|
North Carolina State Ports Authority, Port Facilities Revenue Bonds, Senior Lien Series 2010A,
|
2/20 at 100.00
|
A3
|
624,723
|
|
|
5.250%, 2/01/40
|
|
|
|
|
|
North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Series 2009A:
|
|
|
|
225
|
|
5.500%, 1/01/29 – AGC Insured
|
1/19 at 100.00
|
AA+
|
232,724
|
955
|
|
5.750%, 1/01/39 – AGC Insured
|
1/19 at 100.00
|
AA+
|
966,021
|
|
|
North Carolina Turnpike Authority, Triangle Expressway System Senior Lien Revenue Bonds,
|
|
|
|
|
|
Series 2009B:
|
|
|
|
2,295
|
|
0.000%, 1/01/35 – AGC Insured
|
No Opt. Call
|
AA+
|
527,896
|
100
|
|
0.000%, 1/01/37 – AGC Insured
|
No Opt. Call
|
AA+
|
19,980
|
300
|
|
0.000%, 1/01/38 – AGC Insured
|
No Opt. Call
|
AA+
|
55,881
|
1,100
|
|
Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series
|
No Opt. Call
|
Aa3
|
1,078,308
|
|
|
2010A, 5.000%, 5/01/36
|
|
|
|
6,135
|
|
Total Transportation
|
|
|
3,976,643
|
|
|
U.S. Guaranteed – 30.9% (19.5% of Total Investments) (4)
|
|
|
|
200
|
|
Charlotte-Mecklenburg Hospital Authority, North Carolina, Healthcare System Revenue Bonds, DBA
|
1/15 at 100.00
|
AAA
|
227,034
|
|
|
Carolinas Healthcare System, Series 2005A, 5.000%, 1/15/45 (Pre-refunded 1/15/15)
|
|
|
|
|
|
Forsyth County, North Carolina, Certificates of Participation, Public Facilities and Equipment
|
|
|
|
|
|
Project, Series 2002:
|
|
|
|
1,325
|
|
5.125%, 1/01/16 (Pre-refunded 1/01/13)
|
1/13 at 101.00
|
AA+ (4)
|
1,442,726
|
770
|
|
5.250%, 1/01/19 (Pre-refunded 1/01/13)
|
1/13 at 101.00
|
AA+ (4)
|
840,170
|
|
|
Lincoln County, North Carolina, General Obligation Bonds, Series 2002A:
|
|
|
|
850
|
|
5.000%, 6/01/19 (Pre-refunded 6/01/12) – FGIC Insured
|
6/12 at 101.00
|
AA– (4)
|
906,559
|
900
|
|
5.000%, 6/01/20 (Pre-refunded 6/01/12) – FGIC Insured
|
6/12 at 101.00
|
AA– (4)
|
959,886
|
1,050
|
|
5.000%, 6/01/21 (Pre-refunded 6/01/12) – FGIC Insured
|
6/12 at 101.00
|
AA– (4)
|
1,119,867
|
920
|
|
North Carolina Capital Facilities Financing Agency, Revenue Bonds, Duke University, Series
|
10/11 at 100.00
|
AAA
|
945,852
|
|
|
2001A, 5.125%, 10/01/26 (Pre-refunded 10/01/11)
|
|
|
|
1,600
|
|
North Carolina Capital Facilities Financing Agency, Revenue Bonds, Duke University, Series
|
10/12 at 100.00
|
AAA
|
1,714,912
|
|
|
2002A, 5.125%, 7/01/42 (Pre-refunded 10/01/12)
|
|
|
|
500
|
|
North Carolina Medical Care Commission, Health System Revenue Bonds, Mission St. Joseph’s
|
10/11 at 101.00
|
AA (4)
|
519,410
|
|
|
Health System, Series 2001, 5.250%, 10/01/31 (Pre-refunded 10/01/11)
|
|
|
|
500
|
|
North Carolina Medical Care Commission, Revenue Bonds, Northeast Medical Center, Series 2004,
|
11/14 at 100.00
|
Aa3 (4)
|
570,250
|
|
|
5.000%, 11/01/24 (Pre-refunded 11/01/14)
|
|
|
|
1,000
|
|
Orange Water and Sewerage Authority, North Carolina, Water and Sewerage System Revenue Bonds,
|
7/11 at 101.00
|
AA+ (4)
|
1,026,010
|
|
|
Series 2001, 5.000%, 7/01/26 (Pre-refunded 7/01/11)
|
|
|
|
|
|
Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Series 2001A:
|
|
|
|
1,780
|
|
5.250%, 11/01/15 (Pre-refunded 5/01/11) – FGIC Insured
|
5/11 at 101.00
|
Aa3 (4)
|
1,813,304
|
3,100
|
|
5.000%, 11/01/20 (Pre-refunded 5/01/11) – FGIC Insured
|
5/11 at 101.00
|
Aa3 (4)
|
3,156,637
|
400
|
|
Raleigh, North Carolina, General Obligation Bonds, Series 2002, 5.000%, 6/01/21
|
6/12 at 100.00
|
AAA
|
422,640
|
|
|
(Pre-refunded 6/01/12)
|
|
|
|
|
|
University of North Carolina System, Pooled Revenue Refunding Bonds, Series 2002A:
|
|
|
|
610
|
|
5.000%, 4/01/27 (Pre-refunded 10/01/12) – AMBAC Insured
|
10/12 at 100.00
|
N/R (4)
|
653,109
|
585
|
|
5.000%, 4/01/27 (Pre-refunded 10/01/12) – AMBAC Insured
|
10/12 at 100.00
|
N/R (4)
|
625,856
|
16,090
|
|
Total U.S. Guaranteed
|
|
|
16,944,222
|
|
|
Utilities – 14.8% (9.4% of Total Investments)
|
|
|
|
150
|
|
North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Series 2003F,
|
1/13 at 100.00
|
A–
|
158,603
|
|
|
5.500%, 1/01/16
|
|
|
|
500
|
|
North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Series 2005,
|
1/16 at 100.00
|
A–
|
541,785
|
|
|
5.250%, 1/01/20 – AMBAC Insured
|
|
|
|
1,400
|
|
North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Series 2009B,
|
1/19 at 100.00
|
A–
|
1,381,156
|
|
|
5.000%, 1/01/26
|
|
|
|
1,210
|
|
North Carolina Eastern Municipal Power Agency, Power System Revenue Refunding Bonds, Series
|
5/11 at 100.00
|
Baa1
|
1,212,287
|
|
|
1993B, 5.500%, 1/01/17 – FGIC Insured
|
|
|
|
275
|
|
North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding Series
|
1/19 at 100.00
|
A
|
278,003
|
|
|
2009A, 5.000%, 1/01/30
|
|
|
|
2,665
|
|
North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Series 2003A, 5.250%,
|
1/13 at 100.00
|
A
|
2,830,763
|
|
|
1/01/15 – AMBAC Insured
|
|
|
|
250
|
|
North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Series 2008A,
|
1/18 at 100.00
|
A
|
277,043
|
|
|
5.250%, 1/01/20
|
|
|
|
1,400
|
|
Wake County Industrial Facilities and Pollution Control Financing Authority, North Carolina,
|
2/12 at 101.00
|
A1
|
1,464,050
|
|
|
Revenue Refunding Bonds, Carolina Power and Light Company, Series 2002, 5.375%, 2/01/17
|
|
|
|
7,850
|
|
Total Utilities
|
|
|
8,143,690
|
|
|
Water and Sewer – 35.7% (22.6% of Total Investments)
|
|
|
|
2,000
|
|
Brunswick County, North Carolina, Enterprise System Revenue Bonds, Series 2008A, 5.000%,
|
4/18 at 100.00
|
AA+
|
2,009,980
|
|
|
4/01/31 – AGM Insured
|
|
|
|
425
|
|
Cape Fear Public Utility Authority, North Carolina, Water & Sewer System Revenue Bonds, Series
|
8/18 at 100.00
|
AA
|
440,309
|
|
|
2008, 5.000%, 8/01/28
|
|
|
|
|
|
Charlotte, North Carolina, Water and Sewerage System Revenue Bonds, Series 2001:
|
|
|
|
750
|
|
5.125%, 6/01/26
|
6/11 at 101.00
|
AAA
|
762,923
|
1,780
|
|
5.125%, 6/01/26 – FGIC Insured
|
6/11 at 101.00
|
Aaa
|
1,782,759
|
500
|
|
Dare County, North Carolina, Utilities System Revenue Bonds, Series 2011, 5.000%, 2/01/41
|
2/21 at 100.00
|
AA
|
497,290
|
300
|
|
Durham County, North Carolina, Enterprise System Revenue Bonds, Series 2002, 5.000%, 6/01/18 –
|
6/13 at 100.00
|
AA
|
318,534
|
|
|
NPFG Insured
|
|
|
|
2,500
|
|
Kannapolis, North Carolina, Water and Sewerage System Revenue Bonds, Series 2001B, 5.250%,
|
2/12 at 101.00
|
AA+
|
2,341,275
|
|
|
2/01/26 – AGM Insured (Alternative Minimum Tax)
|
|
|
|
|
|
Oak Island, North Carolina, Enterprise System Revenue Bonds, Series 2009A:
|
|
|
|
50
|
|
6.000%, 6/01/34 – AGC Insured
|
6/19 at 100.00
|
AA+
|
51,603
|
20
|
|
6.000%, 6/01/36 – AGC Insured
|
6/19 at 100.00
|
AA+
|
20,508
|
300
|
|
Oak Island, North Carolina, Enterprise System Revenue Bonds, Series 2011, 5.750%, 6/01/36 –
|
6/21 at 100.00
|
AA+
|
301,818
|
|
|
AGC Insured
|
|
|
|
500
|
|
Onslow County, North Carolina, Combined Enterprise System Revenue Bonds, Series 2004B, 5.000%,
|
6/14 at 100.00
|
A
|
517,110
|
|
|
6/01/23 – SYNCORA GTY Insured
|
|
|
|
|
|
Raleigh, North Carolina, Combined Enterprise System Revenue Bonds, Series 2006A:
|
|
|
|
4,950
|
|
5.000%, 3/01/31 (UB)
|
3/16 at 100.00
|
AAA
|
5,103,500
|
3,000
|
|
5.000%, 3/01/36 (UB)
|
3/16 at 100.00
|
AAA
|
3,043,080
|
5
|
|
Raleigh, North Carolina, Combined Enterprise System Revenue Bonds Series 2006A, Residuals
|
No Opt. Call
|
AAA
|
5,215
|
|
|
Series II-R-645-2, 13.840%, 3/01/14 (IF)
|
|
|
|
2,375
|
|
Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2007A, 5.000%,
|
6/17 at 100.00
|
AAA
|
2,394,499
|
|
|
6/01/37 (UB)
|
|
|
|
19,455
|
|
Total Water and Sewer
|
|
|
19,590,403
|
$ 90,305
|
|
Total Investments (cost $86,999,376) – 158.1%
|
|
|
86,819,027
|
|
|
Floating Rate Obligations – (13.6)%
|
|
|
(7,480,000)
|
|
|
MuniFund Term Preferred Shares, at Liquidation Value – (52.3)% (5)
|
|
|
(28,725,000)
|
|
|
Other Assets Less Liabilities – 7.8%
|
|
|
4,291,118
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 54,905,145
|