|
|
Portfolio of Investments (Unaudited)
|
|
|
|
|
|
|
|
|
Nuveen Municipal High Income Opportunity Fund 2 (NMD)
|
|
|
|
|
|
|
|
|
January 31, 2008
|
|
|
|
|
|
|
Principal
|
|
|
|
Optional Call
|
|
|
|
|
Amount (000)
|
|
Description (1)
|
|
Provisions (2)
|
|
Ratings (3)
|
|
Value
|
|
|
|
Alabama 1.0% (0.9% of Total Investments)
|
|
|
|
|
|
|
$ 2,290
|
|
Birmingham Special Care Facilities Financing Authority, Alabama, Revenue Bonds, Baptist Health
|
|
11/15 at 100.00
|
|
Baa1
|
$
|
2,274,016
|
|
|
System Inc., Series 2005A, 5.250%, 11/15/20
|
|
|
|
|
|
|
|
|
|
Arizona 3.9% (3.5% of Total Investments)
|
|
|
|
|
|
|
1,000
|
|
Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, General Obligation
|
|
7/17 at 100.00
|
|
N/R
|
|
1,001,450
|
|
|
Bonds, Series 2007, 6.200%, 7/15/32
|
|
|
|
|
|
|
4,000
|
|
Quechan Indian Tribe of the Fort Yuma Reservation, Arizona, Government Project Bonds, Series
|
|
12/17 at 102.00
|
|
N/R
|
|
4,002,320
|
|
|
2007, 7.000%, 12/01/27
|
|
|
|
|
|
|
3,125
|
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Trust 2373, 14.078%,
|
|
No Opt. Call
|
|
AA
|
|
2,895,469
|
|
|
12/01/37 (IF)
|
|
|
|
|
|
|
1,000
|
|
Yuma County Industrial Development Authority, Arizona, Exempt Revenue Bonds, Far West Water &
|
|
12/17 at 100.00
|
|
N/R
|
|
990,660
|
|
|
Sewer Inc. Refunding, Series 2007A, 6.375%, 12/01/37 (Alternative Minimum Tax)
|
|
|
|
|
|
|
|
9,125
|
|
Total Arizona
|
|
|
|
|
|
8,889,899
|
|
|
|
California 17.9% (15.8% of Total Investments)
|
|
|
|
|
|
|
2,000
|
|
California Educational Facilities Authority, Revenue Bonds, Dominican University, Series 2006,
|
|
12/16 at 100.00
|
|
Baa3
|
|
1,801,500
|
|
|
5.000%, 12/01/36
|
|
|
|
|
|
|
3,750
|
|
California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, Series 2007,
|
|
11/16 at 100.00
|
|
AA
|
|
3,928,800
|
|
|
Trust 1757, 13.547%, 11/15/46 (IF)
|
|
|
|
|
|
|
7,000
|
|
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity
|
|
7/15 at 100.00
|
|
BBB+
|
|
6,700,890
|
|
|
Health System, Series 2005A, 5.250%, 7/01/35
|
|
|
|
|
|
|
4,040
|
|
California, General Obligation Veterans Welfare Bonds, Series 2007CE, Trust K85W, 12.994%,
|
|
12/15 at 100.00
|
|
AA
|
|
4,077,249
|
|
|
12/01/32 (IF)
|
|
|
|
|
|
|
|
|
Daly City Housing Development Finance Agency, California, Mobile Home Park Revenue Bonds,
|
|
|
|
|
|
|
|
|
Franciscan Mobile Home Park Refunding, Series 2007A:
|
|
|
|
|
|
|
3,500
|
|
5.000%, 12/15/37
|
|
12/17 at 100.00
|
|
A
|
|
3,340,680
|
2,000
|
|
6.500%, 12/15/47
|
|
12/17 at 100.00
|
|
N/R
|
|
1,900,660
|
5,000
|
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset
|
|
6/15 at 100.00
|
|
A
|
|
4,829,000
|
|
|
Backed Bonds, Series 2005A, Trust K75W, 8.018%, 6/01/38 FGIC Insured (IF)
|
|
|
|
|
|
|
|
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
|
|
|
|
|
|
|
|
|
Asset-Backed Bonds, Series 2007A-1:
|
|
|
|
|
|
|
3,000
|
|
5.750%, 6/01/47
|
|
6/17 at 100.00
|
|
BBB
|
|
2,876,040
|
2,500
|
|
5.125%, 6/01/47
|
|
6/17 at 100.00
|
|
BBB
|
|
2,165,825
|
3,190
|
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
|
6/15 at 100.00
|
|
AAA
|
|
2,987,626
|
|
|
Revenue Bonds, Series 2005A, Trust 2213, 10.301%, 6/01/45 AMBAC Insured (IF)
|
|
|
|
|
|
|
6,015
|
|
Independent Cities Lease Finance Authority, California, Senior Lien Revenue Bonds, Caritas
|
|
8/15 at 100.00
|
|
BBB
|
|
5,328,328
|
|
|
Affordable Housing Project Mobile Home Park, Series 2005A, 5.200%, 8/15/45 ACA Insured
|
|
|
|
|
|
|
500
|
|
Moorpark, California, Special Tax Bonds, Community Facilities District 2004-1, Moorpark
|
|
9/16 at 100.00
|
|
N/R
|
|
442,640
|
|
|
Highlands Project, Series 2006, 5.300%, 9/01/38
|
|
|
|
|
|
|
|
42,495
|
|
Total California
|
|
|
|
|
|
40,379,238
|
|
|
|
Colorado 6.0% (5.3% of Total Investments)
|
|
|
|
|
|
|
500
|
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Carbon
|
|
12/16 at 100.00
|
|
N/R
|
|
455,955
|
|
|
Valley Academy, Series 2006, 5.625%, 12/01/36
|
|
|
|
|
|
|
1,530
|
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Windsor
|
|
5/17 at 100.00
|
|
BB+
|
|
1,383,227
|
|
|
Academy, Series 2007A, 5.700%, 5/01/37
|
|
|
|
|
|
|
2,000
|
|
Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Pikes Peak School of
|
|
6/18 at 102.00
|
|
N/R
|
|
1,977,840
|
|
|
Expeditionary Learning Charter School, Series 2008, 6.625%, 6/01/38
|
|
|
|
|
|
|
2,000
|
|
Colorado Health Facilities Authority, Revenue Bonds, Poudre Valley Health Care, Series 2005F,
|
|
3/15 at 100.00
|
|
BBB+
|
|
1,978,400
|
|
|
5.000%, 3/01/25
|
|
|
|
|
|
|
5,045
|
|
Colorado Housing and Finance Authority, Revenue Bonds, Confluence Energy LLC Project, Series
|
|
4/17 at 100.00
|
|
N/R
|
|
4,862,976
|
|
|
2007, 6.750%, 4/01/27 (Alternative Minimum Tax)
|
|
|
|
|
|
|
3,000
|
|
University of Colorado Hospital Authority, Revenue Bonds, Series 2006A, 5.250%, 11/15/39
|
|
5/16 at 100.00
|
|
Baa1
|
|
2,876,820
|
|
14,075
|
|
Total Colorado
|
|
|
|
|
|
13,535,218
|
|
|
|
Florida 11.2% (9.8% of Total Investments)
|
|
|
|
|
|
|
2,000
|
|
Escambia County, Florida, Environmental Improvement Revenue Bonds, International Paper Company
|
|
8/11 at 100.00
|
|
BBB
|
|
1,793,780
|
|
|
Projects, Series 2006B, 5.000%, 8/01/26 (Alternative Minimum Tax)
|
|
|
|
|
|
|
3,000
|
|
Jacksonville Economic Development Commission, Florida, Health Care Facilities Revenue Bonds,
|
|
5/16 at 100.00
|
|
AA
|
|
3,012,900
|
|
|
Mayo Clinic, Series 2006, 5.000%, 11/15/36
|
|
|
|
|
|
|
3,000
|
|
Old Palm Community Development District, Florida, Special Assessment Bonds, Palm Beach
|
|
5/15 at 101.00
|
|
N/R
|
|
2,429,520
|
|
|
Gardens, Series 2004A, 5.900%, 5/01/35
|
|
|
|
|
|
|
1,500
|
|
Palm Glades Community Development District, Florida, Special Assessment Bond, Series 2008A,
|
|
5/18 at 100.00
|
|
N/R
|
|
1,494,180
|
|
|
7.125%, 5/01/39
|
|
|
|
|
|
|
1,000
|
|
Poinciana West Community Development District, Florida, Special Assessment Bonds, Series 2007,
|
|
5/17 at 100.00
|
|
N/R
|
|
900,610
|
|
|
6.000%, 5/01/37
|
|
|
|
|
|
|
1,000
|
|
Reunion West Community Development District, Florida, Special Assessment Bonds, Series 2004,
|
|
5/12 at 101.00
|
|
N/R
|
|
915,140
|
|
|
6.250%, 5/01/36
|
|
|
|
|
|
|
2,850
|
|
South Miami Health Facilities Authority, Florida, Revenue Bonds, Baptist Health Systems of
|
|
8/17 at 100.00
|
|
AA
|
|
2,754,183
|
|
|
South Florida, Trust 1030, 11.845%, 8/15/37 (IF)
|
|
|
|
|
|
|
6,000
|
|
Split Pine Community Development District, Florida, Special Assessment Bonds, Series 2007A,
|
|
5/17 at 100.00
|
|
N/R
|
|
4,836,120
|
|
|
5.250%, 5/01/39
|
|
|
|
|
|
|
5,000
|
|
Stoneybrook Venice Community Development District, Florida, Capital Improvement Revenue Bonds,
|
|
5/18 at 100.00
|
|
N/R
|
|
4,907,650
|
|
|
Series 2007, 6.750%, 5/01/38
|
|
|
|
|
|
|
1,500
|
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Series 2006,
|
|
5/14 at 101.00
|
|
N/R
|
|
1,243,695
|
|
|
5.400%, 5/01/37
|
|
|
|
|
|
|
1,000
|
|
Winter Garden Village at Fowler Groves Community Development District, Florida, Special
|
|
5/16 at 100.00
|
|
N/R
|
|
881,580
|
|
|
Assessment Bonds, Series 2006, 5.650%, 5/01/37
|
|
|
|
|
|
|
|
27,850
|
|
Total Florida
|
|
|
|
|
|
25,169,358
|
|
|
|
Georgia 2.4% (2.1% of Total Investments)
|
|
|
|
|
|
|
3,500
|
|
Effingham County Industrial Development Authority, Georgia, Pollution Control Revenue
|
|
6/11 at 101.00
|
|
B2
|
|
3,395,490
|
|
|
Refunding Bonds, Georgia-Pacific Project, Series 2001, 6.500%, 6/01/31
|
|
|
|
|
|
|
2,000
|
|
Fulton County Residential Care Facilities Authority, Georgia, Revenue Bonds, Canterbury Court,
|
|
2/09 at 100.00
|
|
N/R
|
|
1,952,920
|
|
|
Series 2004A, 6.125%, 2/15/34
|
|
|
|
|
|
|
|
5,500
|
|
Total Georgia
|
|
|
|
|
|
5,348,410
|
|
|
|
Idaho 1.7% (1.5% of Total Investments)
|
|
|
|
|
|
|
|
|
Madison County, Idaho, Hospital Revenue Certificates of Participation, Madison Memorial
|
|
|
|
|
|
|
|
|
Hospital, Series 2006:
|
|
|
|
|
|
|
2,145
|
|
5.250%, 9/01/26
|
|
9/16 at 100.00
|
|
BBB
|
|
2,015,249
|
2,000
|
|
5.250%, 9/01/37
|
|
9/16 at 100.00
|
|
BBB
|
|
1,772,040
|
|
4,145
|
|
Total Idaho
|
|
|
|
|
|
3,787,289
|
|
|
|
Illinois 7.9% (7.0% of Total Investments)
|
|
|
|
|
|
|
5,620
|
|
Illinois Finance Authority, Charter School Revenue Bonds, Chicago Charter School Foundation,
|
|
No Opt. Call
|
|
BBB
|
|
4,940,149
|
|
|
Series 2007, 5.000%, 12/01/36
|
|
|
|
|
|
|
1,500
|
|
Illinois Finance Authority, Revenue Bonds, Roosevelt University, Series 2007, 5.500%, 4/01/37
|
|
4/17 at 100.00
|
|
Baa1
|
|
1,498,785
|
7,425
|
|
Illinois Finance Authority, Revenue Bonds, Sherman Health Systems, Series 2007A,
|
|
8/17 at 100.00
|
|
A
|
|
7,313,105
|
|
|
5.500%, 8/01/37
|
|
|
|
|
|
|
|
|
Southwestern Illinois Development Authority, Illinois, Saint Clair County Comprehensive Mental
|
|
|
|
|
|
|
|
|
Health Center, Series 2007:
|
|
|
|
|
|
|
1,295
|
|
6.200%, 6/01/17
|
|
No Opt. Call
|
|
N/R
|
|
1,332,749
|
2,745
|
|
6.625%, 6/01/37
|
|
6/17 at 103.00
|
|
N/R
|
|
2,801,520
|
|
18,585
|
|
Total Illinois
|
|
|
|
|
|
17,886,308
|
|
|
|
Indiana 2.7% (2.4% of Total Investments)
|
|
|
|
|
|
|
3,000
|
|
Hospital Authority of Delaware County, Indiana, Hospital Revenue Bonds, Cardinal Health
|
|
8/16 at 100.00
|
|
Baa2
|
|
2,686,890
|
|
|
System, Series 2006, 5.125%, 8/01/29
|
|
|
|
|
|
|
2,000
|
|
Indiana Health Facility Financing Authority, Revenue Bonds, Community Foundation of Northwest
|
|
3/17 at 100.00
|
|
BBB
|
|
1,885,320
|
|
|
Indiana, Series 2007, 5.500%, 3/01/37
|
|
|
|
|
|
|
1,625
|
|
Vigo County, Indiana, Hospital Authority, Union Hospital, Revenue Bonds, Series 2007,
|
|
9/17 at 100.00
|
|
N/R
|
|
1,523,080
|
|
|
5.800%, 9/01/47
|
|
|
|
|
|
|
|
6,625
|
|
Total Indiana
|
|
|
|
|
|
6,095,290
|
|
|
|
Louisiana 8.6% (7.6% of Total Investments)
|
|
|
|
|
|
|
5,000
|
|
Greystone Community Development District, Louisiana, Special Assessment Bonds, Livingston
|
|
12/14 at 100.00
|
|
N/R
|
|
5,088,150
|
|
|
Parish, Series 2007, 6.750%, 12/01/22
|
|
|
|
|
|
|
7,500
|
|
Louisiana Local Government Envirnomental Facilities & Community Development Authority, Revenue
|
|
11/17 at 100.00
|
|
BB+
|
|
7,731,074
|
|
|
Bonds, Westlake Chemical Corporation Project, Series 2007, 6.750%, 11/01/32
|
|
|
|
|
|
|
500
|
|
Louisiana Local Government Environmental Facilities and Community Development Authority,
|
|
No Opt. Call
|
|
AAA
|
|
567,745
|
|
|
Revenue Bonds, Capital Projects and Equipment Acquisition Program, Series 2000A, 6.300%,
|
|
|
|
|
|
|
|
|
7/01/30 AMBAC Insured
|
|
|
|
|
|
|
5,000
|
|
Louisiana Local Government Environmental Facilities and Community Development Authority,
|
|
12/17 at 100.00
|
|
N/R
|
|
5,003,050
|
|
|
Revenue Bonds, Southgate Suites Hotel LLC Project, Series 2007A, 6.750%, 12/15/37
|
|
|
|
|
|
|
1,000
|
|
Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds,
|
|
5/11 at 101.00
|
|
BBB
|
|
974,760
|
|
|
Series 2001B, 5.875%, 5/15/39
|
|
|
|
|
|
|
|
19,000
|
|
Total Louisiana
|
|
|
|
|
|
19,364,779
|
|
|
|
Maryland 1.3% (1.2% of Total Investments)
|
|
|
|
|
|
|
3,000
|
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Medical
|
|
7/17 at 100.00
|
|
BBB
|
|
2,962,410
|
|
|
Center Project, Series 2007A, 5.500%, 7/01/42
|
|
|
|
|
|
|
|
|
|
Michigan 0.8% (0.7% of Total Investments)
|
|
|
|
|
|
|
1,750
|
|
Michigan Public Educational Facilities Authority, Charter School Revenue Bonds, American
|
|
12/17 at 100.00
|
|
N/R
|
|
1,741,793
|
|
|
Montessori Academy, Series 2007, 6.500%, 12/01/37
|
|
|
|
|
|
|
20
|
|
Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Detroit Medical Center
|
|
8/08 at 101.00
|
|
Ba3
|
|
18,903
|
|
|
Obligated Group, Series 1998A, 5.250%, 8/15/23
|
|
|
|
|
|
|
|
1,770
|
|
Total Michigan
|
|
|
|
|
|
1,760,696
|
|
|
|
Minnesota 2.2% (2.0% of Total Investments)
|
|
|
|
|
|
|
5,000
|
|
St. Paul Housing and Redevelopment Authority, Minnesota, Revenue Bonds, Healtheast Inc.,
|
|
11/15 at 100.00
|
|
Baa3
|
|
5,025,700
|
|
|
Series 2005, 6.000%, 11/15/35
|
|
|
|
|
|
|
|
|
|
Missouri 1.0% (0.8% of Total Investments)
|
|
|
|
|
|
|
40
|
|
Saint Louis Industrial Development Authority, Missouri, Saint Louis Convention Center
|
|
12/10 at 102.00
|
|
Caa2
|
|
39,743
|
|
|
Headquarters Hotel Project, Series 2000A, 7.000%, 12/15/15 (Alternative Minimum Tax)
|
|
|
|
|
|
|
2,105
|
|
Saint Louis, Missouri, Tax Increment Financing Revenue Bonds, Fashion Square Redevelopment
|
|
3/08 at 100.00
|
|
N/R
|
|
2,105,000
|
|
|
Project, Series 2008A, 6.300%, 8/22/26 (WI/DD, Settling 2/07/08)
|
|
|
|
|
|
|
|
2,145
|
|
Total Missouri
|
|
|
|
|
|
2,144,743
|
|
|
|
Nevada 0.5% (0.4% of Total Investments)
|
|
|
|
|
|
|
1,200
|
|
Director of Nevada State Department of Business and Industry, Revenue Bonds, Las Vegas
|
|
1/10 at 102.00
|
|
AAA
|
|
1,118,004
|
|
|
Monorail Project, First Tier, Series 2000, 5.625%, 1/01/32 AMBAC Insured
|
|
|
|
|
|
|
|
|
|
New Jersey 4.8% (4.3% of Total Investments)
|
|
|
|
|
|
|
|
|
New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental
|
|
|
|
|
|
|
|
|
Airlines Inc., Series 1999:
|
|
|
|
|
|
|
5,000
|
|
6.250%, 9/15/19 (Alternative Minimum Tax)
|
|
9/09 at 101.00
|
|
B
|
|
4,841,350
|
45
|
|
6.400%, 9/15/23 (Alternative Minimum Tax)
|
|
9/09 at 101.00
|
|
B
|
|
43,259
|
240
|
|
6.250%, 9/15/29 (Alternative Minimum Tax)
|
|
9/09 at 101.00
|
|
B
|
|
225,523
|
25
|
|
New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental
|
|
11/10 at 101.00
|
|
B
|
|
25,204
|
|
|
Airlines Inc., Series 2000, 7.000%, 11/15/30 (Alternative Minimum Tax)
|
|
|
|
|
|
|
5,700
|
|
New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters
|
|
7/18 at 100.00
|
|
Baa2
|
|
5,750,787
|
|
|
University Hospital, Series 2007, 5.750%, 7/01/37
|
|
|
|
|
|
|
|
11,010
|
|
Total New Jersey
|
|
|
|
|
|
10,886,123
|
|
|
|
New Mexico 0.2% (0.2% of Total Investments)
|
|
|
|
|
|
|
500
|
|
Montecito Estates Public Improvement District, New Mexico, Special Levee Revenue Bonds, Series
|
|
10/17 at 100.00
|
|
N/R
|
|
499,065
|
|
|
2007, 7.000%, 10/01/37 FGIC Insured
|
|
|
|
|
|
|
|
|
|
New York 2.8% (2.5% of Total Investments)
|
|
|
|
|
|
|
5,000
|
|
New York City Industrial Development Agency, New York, American Airlines-JFK International
|
|
8/16 at 101.00
|
|
B
|
|
5,400,050
|
|
|
Airport Special Facility Revenue Bonds, Series 2005, 7.750%, 8/01/31 (Alternative Minimum Tax)
|
|
|
|
|
|
|
1,030
|
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
|
|
7/16 at 101.00
|
|
N/R
|
|
1,024,036
|
|
|
Needs Facilities Pooled Program, Series 2008A-1, 5.800%, 7/01/23
|
|
|
|
|
|
|
|
6,030
|
|
Total New York
|
|
|
|
|
|
6,424,086
|
|
|
|
North Carolina 0.7% (0.6% of Total Investments)
|
|
|
|
|
|
|
1,685
|
|
Albemarle Hospital Authority, North Carolina, Health Care Facilities Revenue Bonds, Series
|
|
10/17 at 100.00
|
|
BBB
|
|
1,576,722
|
|
|
2007, 5.250%, 10/01/38
|
|
|
|
|
|
|
|
|
|
Ohio 3.8% (3.3% of Total Investments)
|
|
|
|
|
|
|
6,845
|
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
|
|
6/17 at 100.00
|
|
BBB
|
|
6,610,696
|
|
|
Bonds, Senior Lien, Series 2007A-2, 5.875%, 6/01/47
|
|
|
|
|
|
|
2,000
|
|
Western Reserve Port Authority, Ohio, Solid Waste Facility Revenue Bonds, Central Waste Inc.,
|
|
7/17 at 102.00
|
|
N/R
|
|
1,901,160
|
|
|
Series 2007A, 6.350%, 7/01/27 (Alternative Minimum Tax)
|
|
|
|
|
|
|
|
8,845
|
|
Total Ohio
|
|
|
|
|
|
8,511,856
|
|
|
|
Oklahoma 1.0% (0.9% of Total Investments)
|
|
|
|
|
|
|
2,295
|
|
Oklahoma Development Finance Authority, Revenue Bonds, Saint John Health System, Series 2007,
|
|
2/17 at 100.00
|
|
AA
|
|
2,169,142
|
|
|
Trust 1037, 12.600%, 2/15/42 (IF)
|
|
|
|
|
|
|
45
|
|
Tulsa Municipal Airport Trust, Oklahoma, Revenue Bonds, American Airlines Inc., Series 1995,
|
|
6/08 at 100.00
|
|
B
|
|
43,662
|
|
|
6.250%, 6/01/20
|
|
|
|
|
|
|
|
2,340
|
|
Total Oklahoma
|
|
|
|
|
|
2,212,804
|
|
|
|
Pennsylvania 1.3% (1.1% of Total Investments)
|
|
|
|
|
|
|
1,010
|
|
Chester County Industrial Development Authority, Pennsylvania, Avon Grove Charter School
|
|
12/17 at 100.00
|
|
BB+
|
|
1,002,566
|
|
|
Revenue Bonds, Series 2007A, 6.375%, 12/15/37
|
|
|
|
|
|
|
1,900
|
|
Lancaster County Hospital Authority, Pennsylvania, Revenue Bonds, Brethren Village Project,
|
|
7/17 at 100.00
|
|
N/R
|
|
1,919,836
|
|
|
Series 2008A, 6.500%, 7/01/40
|
|
|
|
|
|
|
|
2,910
|
|
Total Pennsylvania
|
|
|
|
|
|
2,922,402
|
|
|
|
Puerto Rico 0.3% (0.2% of Total Investments)
|
|
|
|
|
|
|
500
|
|
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities
|
|
6/10 at 100.00
|
|
CCC+
|
|
481,765
|
|
|
Financing Authority, Revenue Bonds, American Airlines Inc., Series 1985A, 6.450%, 12/01/25
|
|
|
|
|
|
|
125
|
|
Puerto Rico Ports Authority, Special Facilities Revenue Bonds, American Airlines Inc., Series
|
|
6/08 at 100.00
|
|
CCC+
|
|
114,364
|
|
|
1996A, 6.250%, 6/01/26 (Alternative Minimum Tax)
|
|
|
|
|
|
|
|
625
|
|
Total Puerto Rico
|
|
|
|
|
|
596,129
|
|
|
|
South Carolina 3.3% (2.9% of Total Investments)
|
|
|
|
|
|
|
4,000
|
|
Charleston, South Carolina, Tax Increment Revenue Bonds, Charleston Neck redevelopment
|
|
6/08 at 100.00
|
|
N/R
|
|
4,000,120
|
|
|
Project, Series 2007, 7.500%, 6/01/09
|
|
|
|
|
|
|
3,488
|
|
Lancaster County, South Carolina, Special Assessment Bonds, Edgewater II Improvement District,
|
|
No Opt. Call
|
|
N/R
|
|
3,462,677
|
|
|
Series 2007B, 7.700%, 11/01/17
|
|
|
|
|
|
|
|
7,488
|
|
Total South Carolina
|
|
|
|
|
|
7,462,797
|
|
|
|
Tennessee 2.1% (1.9% of Total Investments)
|
|
|
|
|
|
|
|
|
Sumner County Health, Educational, and Housing Facilities Board, Tennessee, Revenue Refunding
|
|
|
|
|
|
|
|
|
Bonds, Sumner Regional Health System Inc., Series 2007:
|
|
|
|
|
|
|
2,000
|
|
5.500%, 11/01/37
|
|
11/17 at 100.00
|
|
N/R
|
|
1,955,420
|
3,000
|
|
5.500%, 11/01/46
|
|
11/17 at 100.00
|
|
N/R
|
|
2,870,790
|
|
5,000
|
|
Total Tennessee
|
|
|
|
|
|
4,826,210
|
|
|
|
Texas 8.6% (7.5% of Total Investments)
|
|
|
|
|
|
|
10
|
|
Alliance Airport Authority, Texas, Special Facilities Revenue Bonds, American Airlines Inc.,
|
|
No Opt. Call
|
|
CCC+
|
|
9,898
|
|
|
Series 1991, 7.000%, 12/01/11 (Alternative Minimum Tax)
|
|
|
|
|
|
|
415
|
|
Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric
|
|
No Opt. Call
|
|
Caa1
|
|
400,404
|
|
|
Company, Series 2001C, 5.750%, 5/01/36 (Mandatory put 11/01/11) (Alternative Minimum Tax)
|
|
|
|
|
|
|
3,000
|
|
Danbury Higher Education Authority Inc., Texas, Golden Rule Charter School Revenue Bonds,
|
|
2/18 at 100.00
|
|
BB+
|
|
2,970,420
|
|
|
Series 2008A, 6.500%, 8/15/38 (WI/DD, Settling 2/14/08)
|
|
|
|
|
|
|
1,330
|
|
La Vernia Higher Education Financing Corporation, Texas, Education Revenue Bonds, Amigos
|
|
2/16 at 100.00
|
|
N/R
|
|
1,318,655
|
|
|
Por Vida Friends For Life Public Charter School, Series 2008, 6.375%, 2/15/37 (WI/DD,
|
|
|
|
|
|
|
|
|
Settling 2/21/08)
|
|
|
|
|
|
|
4,000
|
|
Mission Economic Development Corporation, Texas, Solid Waste Disposal Revenue Bonds, Allied
|
|
4/12 at 100.00
|
|
B+
|
|
3,652,760
|
|
|
Waste Industries, Inc., Series 2007A, 5.200%, 4/01/18 (Alternative Minimum Tax)
|
|
|
|
|
|
|
75
|
|
Sabine River Authority, Texas, Pollution Control Revenue Bonds, TXU Energy Company LLC
|
|
No Opt. Call
|
|
Caa1
|
|
72,362
|
|
|
Project, Series 2001B, 5.750%, 5/01/30 (Mandatory put 11/01/11) (Alternative Minimum Tax)
|
|
|
|
|
|
|
385
|
|
Sabine River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric
|
|
No Opt. Call
|
|
Caa1
|
|
372,014
|
|
|
Company, Series 2001A, 5.500%, 5/01/22 (Mandatory put 11/01/11)
|
|
|
|
|
|
|
3,000
|
|
Sabine River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Energy Company
|
|
8/13 at 101.00
|
|
Caa1
|
|
2,820,660
|
|
|
LLC Project, Series 2003B, 6.150%, 8/01/22
|
|
|
|
|
|
|
2,875
|
|
Tarrant County Cultural and Educational Facilities Finance Corporation, Texas, Revenue Bonds,
|
|
2/17 at 100.00
|
|
AA
|
|
2,746,545
|
|
|
Texas Health Resources Project, Trust 1031, 12.343%, 2/15/36 (IF)
|
|
|
|
|
|
|
5,000
|
|
Texas Turnpike Authority, First Tier Revenue Bonds, Central Texas Turnpike System, Series
|
|
8/12 at 100.00
|
|
AAA
|
|
4,931,050
|
|
|
2002A, 5.000%, 8/15/42 AMBAC Insured
|
|
|
|
|
|
|
|
20,090
|
|
Total Texas
|
|
|
|
|
|
19,294,768
|
|
|
|
Utah 3.9% (3.5% of Total Investments)
|
|
|
|
|
|
|
1,750
|
|
Spanish Fork City, Utah, Charter School Revenue Bonds, American Leadership Academy, Series
|
|
11/16 at 100.00
|
|
N/R
|
|
1,637,230
|
|
|
2006, 5.700%, 11/15/36
|
|
|
|
|
|
|
|
|
Utah State Charter School Finance Authority, Noah Webster Academy Revenue Bonds, Series:
|
|
|
|
|
|
|
500
|
|
6.250%, 6/15/28
|
|
6/17 at 100.00
|
|
N/R
|
|
493,440
|
1,430
|
|
6.500%, 6/15/38
|
|
6/17 at 100.00
|
|
N/R
|
|
1,417,688
|
5,500
|
|
Utah State Charter School Finance Authority, Revenue Bonds, Summit Academy Project, Series
|
|
12/17 at 100.00
|
|
BBB
|
|
5,359,420
|
|
|
2007A, 5.800%, 6/15/38
|
|
|
|
|
|
|
|
9,180
|
|
Total Utah
|
|
|
|
|
|
8,907,778
|
|
|
|
Washington 5.3% (4.7% of Total Investments)
|
|
|
|
|
|
|
4,000
|
|
Kalispel Indian Tribe, Washington, Priority Distribution Bonds, Series 2008, 6.750%, 1/01/38
|
|
No Opt. Call
|
|
N/R
|
|
4,005,840
|
1,000
|
|
Klickitat County Public Hospital District 2, Washington, Hospital Revenue Bonds, Skyline
|
|
No Opt. Call
|
|
N/R
|
|
1,007,830
|
|
|
Hospital, Series 2007, 6.500%, 12/01/38
|
|
|
|
|
|
|
7,000
|
|
Washington State Health Care Facilities Authority, Revenue Bonds, Northwest Hospital and
|
|
No Opt. Call
|
|
N/R
|
|
6,896,960
|
|
|
Medical Center of Seattle, Series 2007, 5.700%, 12/01/32
|
|
|
|
|
|
|
|
12,000
|
|
Total Washington
|
|
|
|
|
|
11,910,630
|
|
|
|
West Virginia 0.3% (0.3% of Total Investments)
|
|
|
|
|
|
|
740
|
|
Ohio County Commission, West Virginia, Special District Excise Tax Revenue Bonds, Fort Henry
|
|
3/16 at 100.00
|
|
N/R
|
|
691,116
|
|
|
Economic Development, Series 2006B, 5.625%, 3/01/36
|
|
|
|
|
|
|
|
|
|
Wisconsin 1.3% (1.1% of Total Investments)
|
|
|
|
|
|
|
500
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan
|
|
8/16 at 100.00
|
|
A
|
|
355,720
|
|
|
Health, Trust 2113, 12.868%, 8/15/34 (IF)
|
|
|
|
|
|
|
3,500
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan
|
|
8/16 at 100.00
|
|
A
|
|
2,490,040
|
|
|
Healthcare System, Series 2006, Trust 2187, 13.383%, 8/15/34 (IF)
|
|
|
|
|
|
|
|
4,000
|
|
Total Wisconsin
|
|
|
|
|
|
2,845,760
|
|
|
|
Wyoming 1.3% (1.1% of Total Investments)
|
|
|
|
|
|
|
3,000
|
|
Sweetwater County, Wyoming, Solid Waste Disposal Revenue Bonds, FMC Corporation, Series 2005,
|
|
12/15 at 100.00
|
|
BBB
|
|
2,868,360
|
|
|
5.600%, 12/01/35 (Alternative Minimum Tax)
|
|
|
|
|
|
|
|
$ 258,248
|
|
Total Long-Term Investments (cost $249,088,987) 110.1%
|
|
|
|
|
|
248,177,964
|
|
|
|
|
|
Short-Term Investments 3.3% (2.9% of Total Investments)
|
|
|
|
|
|
|
$ 7,500
|
|
North Carolina Capital Facilities Financing Agency, Solid Waste Disposal Revenue Bond, Duke
|
|
|
|
AAA
|
|
7,488,750
|
|
|
Energy Carolinas Project, Variable Rate Demand Obligations, Series 2007A, 6.500%, 11/01/40
|
|
|
|
|
|
|
|
|
AMBAC Insured (Alternative Minimum Tax) (4)
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments (cost $7,496,250)
|
|
|
|
|
|
7,488,750
|
|
|
|
|
|
Total Investments (cost $256,585,237) 113.4%
|
|
|
|
|
|
255,666,714
|
|
|
|
|
|
Other Assets Less Liabilities (13.4)%
|
|
|
|
|
|
(30,210,566)
|
|
|
|
|
|
Net Assets 100%
|
|
|
|
|
$
|
225,456,148
|
|
|
|