|
|
|
|
|
|
Portfolio of Investments
(Unaudited)
|
|
|
|
|
Nuveen
Municipal High Income Opportunity Fund 2 (NMD)
|
|
|
|
|
January 31,
2010
|
|
|
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Alabama – 1.6% (1.4% of Total
Investments)
|
|
|
|
$ 2,290
|
Birmingham Special Care Facilities Financing
Authority, Alabama, Revenue Bonds, Baptist Health
|
11/15 at 100.00
|
Baa2
|
$ 2,098,464
|
|
System Inc., Series 2005A,
5.250%, 11/15/20
|
|
|
|
1,000
|
Phenix City Industrial Development Board, Alabama,
Environmental Improvement Revenue Bonds,
|
5/12 at 100.00
|
BBB
|
915,480
|
|
MeadWestvaco Corporation, Series 2002A, 6.350%, 5/15/35
(Alternative Minimum Tax)
|
|
|
|
3,290
|
Total
Alabama
|
|
|
3,013,944
|
|
Arizona – 4.8% (4.2% of Total
Investments)
|
|
|
|
1,000
|
Estrella Mountain Ranch Community Facilities
District, Goodyear, Arizona, General Obligation
|
7/17 at 100.00
|
N/R
|
918,490
|
|
Bonds, Series 2007, 6.200%,
7/15/32
|
|
|
|
2,575
|
Quechan Indian Tribe of the Fort Yuma Reservation,
Arizona, Government Project Bonds, Series
|
12/17 at 102.00
|
N/R
|
2,097,544
|
|
2007, 7.000%,
12/01/27
|
|
|
|
5,325
|
Salt Verde Financial Corporation, Arizona, Senior
Gas Revenue Bonds, Series 2007,
|
No Opt. Call
|
A
|
4,557,188
|
|
5.000%, 12/01/37
|
|
|
|
500
|
The Industrial Development Authority of the County
of Pima Education Revenue Bonds, Arizona,
|
No Opt. Call
|
N/R
|
522,660
|
|
Legacy Traditional School
Project, Series 2009, 8.500%, 7/01/39
|
|
|
|
1,000
|
Yuma County Industrial Development Authority,
Arizona, Exempt Revenue Bonds, Far West Water &
|
12/17 at 100.00
|
N/R
|
781,780
|
|
Sewer Inc. Refunding, Series 2007A, 6.375%, 12/01/37
(Alternative Minimum Tax)
|
|
|
|
10,400
|
Total
Arizona
|
|
|
8,877,662
|
|
Arkansas – 0.1% (0.1% of Total
Investments)
|
|
|
|
125
|
Little River County, Arkansas, Revenue Refunding
Bonds, Georgia-Pacific Corporation, Series
|
4/10 at 100.00
|
B2
|
114,231
|
|
1998, 5.600%, 10/01/26 (Alternative Minimum Tax)
|
|
|
|
|
California – 13.8% (12.0% of
Total Investments)
|
|
|
|
1,470
|
Bay Area Toll Authority, California, Revenue Bonds,
San Francisco Bay Area Toll Bridge, Series
|
4/18 at 100.00
|
AA
|
1,572,224
|
|
2009, Trust 2985-1,
17.596%, 4/01/34 (IF)
|
|
|
|
2,000
|
California Educational Facilities Authority, Revenue
Bonds, Dominican University, Series 2006,
|
12/16 at 100.00
|
Baa3
|
1,665,220
|
|
5.000%, 12/01/36
|
|
|
|
1,020
|
California Housing Finance Agency, California, Home
Mortgage Revenue Bonds, Series 2008B,
|
8/17 at 100.00
|
AA–
|
927,435
|
|
5.000%, 2/01/28
(Alternative Minimum Tax)
|
|
|
|
1,000
|
California Municipal Finance Authority, Revenue
Bonds, Harbor Regional Center Project, Series
|
11/19 at 100.00
|
Ba1
|
1,012,380
|
|
2009, 8.500%,
11/01/39
|
|
|
|
1,825
|
California Statewide Community Development
Authority, Revenue Bonds, Daughters of Charity
|
7/15 at 100.00
|
BBB
|
1,585,651
|
|
Health System, Series
2005A, 5.250%, 7/01/35
|
|
|
|
2,000
|
California Statewide Community Development
Authority, Revenue Bonds, St. Joseph Health System,
|
7/18 at 100.00
|
AA–
|
2,051,260
|
|
Series 2007C, 5.750%,
7/01/47 – FGIC Insured
|
|
|
|
1,350
|
California Statewide Community Development
Authority, Revenue Bonds, Sutter Health, Tender
|
5/18 at 100.00
|
A+
|
1,129,815
|
|
Option Bond Trust 3048,
13.549%, 11/15/48 (IF)
|
|
|
|
3,150
|
California Statewide Community Development
Authority, Revenue Bonds, Sutter Health, Tender
|
11/16 at 100.00
|
N/R
|
2,636,235
|
|
Option Bond Trust 3102,
15.732%, 11/15/46 (IF)
|
|
|
|
|
Daly City Housing Development Finance Agency,
California, Mobile Home Park Revenue Bonds,
|
|
|
|
|
Franciscan Mobile Home Park Refunding, Series
2007A:
|
|
|
|
2,000
|
5.000%, 12/15/37
|
12/17 at 100.00
|
A–
|
1,651,340
|
1,975
|
6.500%, 12/15/47
|
12/17 at 100.00
|
N/R
|
1,647,407
|
1,370
|
Elk Grove Community Facilities District 2005-1,
California, Special Tax Bonds, Series 2007,
|
9/15 at 102.00
|
N/R
|
906,063
|
|
5.250%, 9/01/37
|
|
|
|
|
Golden State Tobacco Securitization Corporation,
California, Enhanced Tobacco Settlement
|
|
|
|
|
Asset-Backed Bonds, Series 2007A-1:
|
|
|
|
4,000
|
5.750%, 6/01/47
|
6/17 at 100.00
|
BBB
|
3,054,600
|
2,500
|
5.125%, 6/01/47
|
6/17 at 100.00
|
BBB
|
1,726,825
|
1,000
|
Lathrop Financing Authority, California, Revenue
Bonds, Water Supply Project Series 2003,
|
6/13 at 100.00
|
N/R
|
889,570
|
|
6.000%, 6/01/35
|
|
|
|
500
|
Los Angeles Regional Airports Improvement
Corporation, California, Sublease Revenue Bonds, Los
|
12/12 at 102.00
|
B–
|
494,250
|
|
Angeles International
Airport, American Airlines Inc. Terminal 4 Project, Series 2002C,
|
|
|
|
|
7.500%, 12/01/24
(Alternative Minimum Tax)
|
|
|
|
2,500
|
San Bernardino Community College District,
California, General Obligation Bonds, Tender Option
|
8/16 at 100.00
|
AAA
|
2,711,400
|
|
Bond Trust 11780-1, 17.561%, 8/01/31 – AGM Insured
(IF)
|
|
|
|
29,660
|
Total
California
|
|
|
25,661,675
|
|
Colorado – 6.8% (5.9% of Total
Investments)
|
|
|
|
1,500
|
Arista Metropolitan District, Colorado, Special
Revenue Bonds, Series 2008, 9.250%, 12/01/37
|
12/15 at 100.00
|
N/R
|
1,351,050
|
1,520
|
Colorado Educational and Cultural Facilities
Authority, Charter School Revenue Bonds, Windsor
|
5/17 at 100.00
|
BB+
|
1,212,869
|
|
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
|
1,759,940
|
|
Expeditionary Learning
Charter School, Series 2008, 6.625%, 6/01/38
|
|
|
|
1,480
|
Colorado Health Facilities Authority, Colorado,
Revenue Bonds, Catholic Health Initiatives,
|
9/16 at 100.00
|
AA
|
1,465,999
|
|
Series 2006A, 5.000%,
9/01/41
|
|
|
|
5,045
|
Colorado Housing and Finance Authority, Revenue
Bonds, Confluence Energy LLC Project, Series
|
4/17 at 100.00
|
N/R
|
3,230,818
|
|
2007, 6.750%, 4/01/27
(Alternative Minimum Tax)
|
|
|
|
1,000
|
Confluence Metropolitan District, Colorado, General
Obligation Limited Tax Bonds, Series 2007,
|
12/17 at 100.00
|
N/R
|
725,760
|
|
5.400%, 12/01/27
|
|
|
|
1,000
|
Plaza Metropolitan District 1, Lakewood, Colorado,
Tax Increment Revenue Bonds, Series 2003,
|
6/14 at 101.00
|
N/R
|
990,990
|
|
8.000%, 12/01/25
|
|
|
|
1,700
|
Public Authority for Colorado Energy, Natural Gas
Revenue Bonds, Colorado Springs Utilities,
|
No Opt. Call
|
A
|
1,850,280
|
|
Series 2008, 6.500%, 11/15/38
|
|
|
|
15,245
|
Total
Colorado
|
|
|
12,587,706
|
|
Connecticut – 0.5% (0.5% of
Total Investments)
|
|
|
|
1,000
|
Harbor Point Infrastructure Improvement District,
Connecticut, Special Obligation Revenue
|
4/20 at 100.00
|
N/R
|
1,004,540
|
|
Bonds, Harbor Point Project, Series 2010A, 7.875%, 4/01/39
(WI/DD, Settling 2/04/10)
|
|
|
|
|
Florida – 14.7% (12.8% of Total
Investments)
|
|
|
|
1,000
|
Ave Maria Stewardship Community Development
District, Florida, Capital Improvement Revenue
|
5/16 at 100.00
|
N/R
|
726,400
|
|
Bonds, Series 2006A,
5.125%, 5/01/38
|
|
|
|
1,000
|
Beeline Community Development District, Palm Beach
County, Florida, Special Assessment Bonds,
|
5/18 at 100.00
|
N/R
|
1,002,950
|
|
Series 2008A, 7.000%,
5/01/37
|
|
|
|
1,000
|
Colonial Country Club Community Development
District, Florida, Capital Improvement Revenue
|
5/13 at 101.00
|
A+
|
1,027,530
|
|
Bonds, Series 2003, 6.400%,
5/01/33
|
|
|
|
2,000
|
Escambia County, Florida, Environmental Improvement
Revenue Bonds, International Paper Company
|
8/11 at 100.00
|
BBB
|
1,754,200
|
|
Projects, Series 2006B,
5.000%, 8/01/26 (Alternative Minimum Tax)
|
|
|
|
1,320
|
Fishhawk Community Development District II, Florida,
Special Assessment Revenue Bonds, Series
|
5/14 at 100.00
|
N/R
|
1,185,928
|
|
2004A, 6.125%,
5/01/34
|
|
|
|
2,000
|
Habitat Community Development District, Florida,
Capital Improvement Revenue Bonds, Series
|
No Opt. Call
|
N/R
|
1,691,640
|
|
2004, 5.850%,
5/01/35
|
|
|
|
1,000
|
Martin County Industrial Development Authority,
Florida, Industrial Development Revenue Bonds,
|
6/10 at 100.00
|
BB+
|
1,000,290
|
|
Indiantown Cogeneration LP,
Series 1994A, 7.875%, 12/15/25 (Alternative Minimum Tax)
|
|
|
|
2,915
|
Old Palm Community Development District, Florida,
Special Assessment Bonds, Palm Beach
|
5/15 at 101.00
|
N/R
|
2,461,659
|
|
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
|
1,100,835
|
|
7.125%, 5/01/39
|
|
|
|
1,180
|
Pine Island Community Development District, Florida,
Special Assessment Bonds, Bella Collina,
|
5/12 at 101.00
|
N/R
|
772,286
|
|
Series 2004, 5.750%,
5/01/35
|
|
|
|
995
|
Poinciana West Community Development District,
Florida, Special Assessment Bonds, Series 2007,
|
5/17 at 100.00
|
N/R
|
822,616
|
|
6.000%, 5/01/37
|
|
|
|
970
|
Reunion West Community Development District,
Florida, Special Assessment Bonds, Series 2004,
|
5/12 at 101.00
|
N/R
|
401,512
|
|
6.250%, 5/01/36
|
|
|
|
3,800
|
South Miami Health Facilities Authority, Florida,
Revenue Bonds, Baptist Health Systems of
|
8/17 at 100.00
|
AA–
|
3,484,562
|
|
South Florida, Trust 1030,
13.382%, 8/15/37 (IF)
|
|
|
|
6,000
|
Split Pine Community Development District, Florida,
Special Assessment Bonds, Series 2007A,
|
5/17 at 100.00
|
N/R
|
3,752,220
|
|
5.250%, 5/01/39
|
|
|
|
2,345
|
Stoneybrook Venice Community Development District,
Florida, Capital Improvement Revenue Bonds,
|
5/18 at 100.00
|
N/R
|
2,278,238
|
|
Series 2007, 6.750%,
5/01/38
|
|
|
|
3,450
|
Tolomato Community Development District, Florida,
Special Assessment Bonds, Series 2006,
|
5/14 at 101.00
|
N/R
|
2,353,625
|
|
5.400%, 5/01/37
|
|
|
|
2,000
|
Westchester Community Development District 1,
Florida, Special Assessment Bonds, Series 2003,
|
5/13 at 101.00
|
N/R
|
1,434,500
|
|
6.125%, 5/01/35
|
|
|
|
34,475
|
Total
Florida
|
|
|
27,250,991
|
|
Georgia – 2.7% (2.3% of Total
Investments)
|
|
|
|
1,000
|
Atlanta, Georgia, Tax Allocation Bonds, Beltline
Project Series 2008A, Series 2008B, Series
|
1/19 at 100.00
|
N/R
|
1,004,420
|
|
2008C, Series 2009B, Series
2009C, 7.500%, 1/01/31
|
|
|
|
1,170
|
Clayton County Development Authority, Georgia,
Special Facilities Revenue Bonds, Delta Air
|
6/15 at 100.00
|
CCC+
|
1,177,781
|
|
Lines, Inc. Project, Series
2009B, 9.000%, 6/01/35 (Alternative Minimum Tax)
|
|
|
|
1,250
|
Clayton County Development Authority, Georgia,
Special Facilities Revenue Bonds, Delta Air
|
6/20 at 100.00
|
CCC+
|
1,290,313
|
|
Lines, Inc. Project, Series
2009, 8.750%, 6/01/29
|
|
|
|
845
|
Effingham County Development Authority, Georgia,
Solid Waste Disposal Revenue Bonds, Ft. James
|
7/10 at 100.00
|
BB–
|
826,638
|
|
Project, Series 1998,
5.625%, 7/01/18 (Alternative Minimum Tax) (4)
|
|
|
|
1,000
|
Fulton County Residential Care Facilities Authority,
Georgia, Revenue Bonds, Elderly Care,
|
7/17 at 100.00
|
N/R
|
662,500
|
|
Lenbrook Square Project, Series 2006A, 5.125%, 7/01/42
|
|
|
|
5,265
|
Total
Georgia
|
|
|
4,961,652
|
|
Illinois – 10.2% (8.9% of Total
Investments)
|
|
|
|
1,100
|
Hillside, Cook County, Illinois, Senior Lien Tax
Increment Revenue Bonds, Mannheim
|
1/18 at 102.00
|
N/R
|
967,725
|
|
Redevelopment Project,
Series 2008, 7.000%, 1/01/28
|
|
|
|
5,620
|
Illinois Finance Authority, Charter School Revenue
Bonds, Chicago Charter School Foundation,
|
No Opt. Call
|
BBB
|
4,841,180
|
|
Series 2007, 5.000%,
12/01/36
|
|
|
|
1,900
|
Illinois Finance Authority, Revenue Bonds, Provena
Health, Series 2009A, 7.750%, 8/15/34
|
8/19 at 100.00
|
BBB+
|
2,140,350
|
1,500
|
Illinois Finance Authority, Revenue Bonds, Roosevelt
University, Series 2007, 5.500%, 4/01/37
|
4/17 at 100.00
|
Baa2
|
1,399,935
|
2,000
|
Illinois Finance Authority, Revenue Bonds, Silver
Cross Hospital and Medical Centers, Series
|
8/19 at 100.00
|
BBB
|
2,071,320
|
|
2009, 6.875%,
8/15/38
|
|
|
|
500
|
Illinois FInance Authority, Revenue Bonds, Southern
Illinois Healthcare Enterprises, Inc.,
|
3/20 at 100.00
|
AAA
|
493,885
|
|
Series 2005, 5.250%,
3/01/30 (WI/DD, Settling 2/18/10) – AGM Insured
|
|
|
|
2,000
|
Lombard Public Facilities Corporation, Illinois,
First Tier Conference Center and Hotel
|
1/16 at 100.00
|
B+
|
1,286,020
|
|
Revenue Bonds, Series
2005A-2, 5.500%, 1/01/36 – ACA Insured
|
|
|
|
|
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
|
1,257,795
|
3,020
|
6.625%, 6/01/37
|
6/17 at 103.00
|
N/R
|
2,741,163
|
1,000
|
Southwestern Illinois Development Authority, Local
Government Program Revenue Bonds, Granite
|
3/14 at 100.00
|
N/R
|
988,740
|
|
City Project, Series 2009B,
7.750%, 3/01/22
|
|
|
|
750
|
Springfield, Sangamon County, Illinois, Special
Service Area (Legacy Pointe) Ad Valorem Tax
|
3/17 at 102.00
|
N/R
|
760,583
|
|
Bonds, Series 2009, 7.875%, 3/01/32
|
|
|
|
20,685
|
Total
Illinois
|
|
|
18,948,696
|
|
Indiana – 3.1% (2.7% of Total
Investments)
|
|
|
|
3,000
|
Hospital Authority of Delaware County, Indiana,
Hospital Revenue Bonds, Cardinal Health
|
8/16 at 100.00
|
Baa3
|
2,622,570
|
|
System, Series 2006,
5.125%, 8/01/29
|
|
|
|
1,600
|
Indiana Bond Bank, Special Program Gas Revenue
Bonds, JP Morgan Ventures Energy Corporation
|
No Opt. Call
|
Aa3
|
1,661,680
|
|
Guaranteed, Series 2007A,
15.229%, 10/15/20 (IF)
|
|
|
|
|
Vigo County, Indiana, Hospital Authority, Union
Hospital, Revenue Bonds, Series 2007:
|
|
|
|
250
|
5.700%, 9/01/37
|
9/17 at 100.00
|
N/R
|
208,140
|
1,625
|
5.800%, 9/01/47
|
9/17 at
100.00
|
N/R
|
1,334,580
|
6,475
|
Total
Indiana
|
|
|
5,826,970
|
|
Iowa – 0.3% (0.2% of Total
Investments)
|
|
|
|
500
|
Iowa Student Loan Liquidity Corporation, Student
Loan Revenue Bonds, Refunding Series 2009-2,
|
12/19 at 100.00
|
A1
|
509,085
|
|
5.500%, 12/01/25
|
|
|
|
|
Louisiana – 4.2% (3.6% of Total
Investments)
|
|
|
|
3,500
|
Louisiana Local Government Environmental Facilities
& Community Development Authority, Revenue
|
11/17 at 100.00
|
BB
|
3,622,325
|
|
Bonds, Westlake Chemical
Corporation Project, Series 2007, 6.750%, 11/01/32
|
|
|
|
4,000
|
Louisiana Local Government Environmental Facilities
and Community Development Authority,
|
12/17 at 100.00
|
N/R
|
3,182,920
|
|
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
|
942,120
|
|
Series 2001B, 5.875%, 5/15/39
|
|
|
|
8,500
|
Total
Louisiana
|
|
|
7,747,365
|
|
Maryland – 0.4% (0.3% of Total
Investments)
|
|
|
|
1,000
|
Maryland Economic Development Corporation, Revenue
Bonds, Chesapeake Bay Hyatt Conference
|
12/16 at 100.00
|
N/R
|
719,970
|
|
Center, Series 2006A, 5.000%, 12/01/31
|
|
|
|
|
Massachusetts – 0.0% (0.0% of
Total Investments)
|
|
|
|
90
|
Boston Industrial Development Financing Authority,
Massachusetts, Senior Revenue Bonds,
|
9/12 at 102.00
|
Caa3
|
51,692
|
|
Crosstown Center Project, Series 2002, 6.500%, 9/01/35
(Alternative Minimum Tax)
|
|
|
|
|
Michigan – 0.9% (0.8% of Total
Investments)
|
|
|
|
1,750
|
Michigan Public Educational Facilities Authority,
Charter School Revenue Bonds, American
|
12/17 at 100.00
|
N/R
|
1,419,233
|
|
Montessori Academy, Series
2007, 6.500%, 12/01/37
|
|
|
|
20
|
Michigan State Hospital Finance Authority, Hospital
Revenue Bonds, Detroit Medical Center
|
2/10 at 100.00
|
Ba3
|
16,922
|
|
Obligated Group, Series
1998A, 5.250%, 8/15/23
|
|
|
|
325
|
Michigan State Hospital Finance Authority, Hospital
Revenue Refunding Bonds, Detroit Medical
|
4/10 at 100.00
|
BB–
|
246,236
|
|
Center Obligated Group, Series 1997A, 5.250%, 8/15/27 – AMBAC
Insured
|
|
|
|
2,095
|
Total
Michigan
|
|
|
1,682,391
|
|
Minnesota – 1.5% (1.3% of Total
Investments)
|
|
|
|
3,000
|
St. Paul Housing and Redevelopment Authority,
Minnesota, Revenue Bonds, Healtheast Inc.,
|
11/15 at 100.00
|
BB+
|
2,764,110
|
|
Series 2005, 6.000%, 11/15/35
|
|
|
|
|
Missouri – 2.7% (2.4% of Total
Investments)
|
|
|
|
1,000
|
Hanley Road Corridor Transportation Development
District, Brentwood and Maplewood, Missouri,
|
10/19 at 100.00
|
A–
|
1,017,240
|
|
Transportation Sales
Revenue Bonds, Series 2009, 5.875%, 10/01/36
|
|
|
|
1,000
|
Missouri Development Finance Board. Infrastructure
Facilities Revenue Bonds, City of
|
4/14 at 100.00
|
A+
|
1,021,930
|
|
Independence, Missouri –
Events Center Project, Series 2009F, 6.250%, 4/01/38
|
|
|
|
500
|
Saint Louis Industrial Development Authority,
Missouri, Empowerment Zone Hotel Facilities
|
12/19 at 107.00
|
N/R
|
491,415
|
|
Revenue Bonds, Laurel
Embassy Suites, Series 2009, 8.500%, 12/15/39
|
|
|
|
40
|
Saint Louis Industrial Development Authority,
Missouri, Saint Louis Convention Center
|
12/10 at 102.00
|
Ca
|
13,831
|
|
Headquarters Hotel Project,
Series 2000A, 7.000%, 12/15/15 (Alternative Minimum Tax) (5)
|
|
|
|
1,000
|
Saint Louis, Missouri, Orpheum Theater Community
Improvement District, Property and Sales Tax
|
No Opt. Call
|
N/R
|
1,002,160
|
|
Revenue Bonds, Series 2009,
9.000%, 3/01/29
|
|
|
|
1,953
|
Saint Louis, Missouri, Tax Increment Financing
Revenue Bonds, Fashion Square Redevelopment
|
9/10 at 100.00
|
N/R
|
1,462,621
|
|
Project, Series 2008A, 6.300%, 8/22/26
|
|
|
|
5,493
|
Total
Missouri
|
|
|
5,009,197
|
|
Montana – 0.3% (0.3% of Total
Investments)
|
|
|
|
710
|
Montana Board of Investments, Resource Recovery
Revenue Bonds, Yellowstone Energy LP, Series
|
No Opt. Call
|
N/R
|
596,045
|
|
1993, 7.000%, 12/31/19 (Alternative Minimum Tax)
|
|
|
|
|
Nevada – 1.3% (1.1% of Total
Investments)
|
|
|
|
55
|
Clark County, Nevada, Industrial Development Revenue
Bonds, Nevada Power Company, Series
|
4/10 at 100.00
|
BB+
|
50,817
|
|
1995A, 5.600%, 10/01/30
(Alternative Minimum Tax)
|
|
|
|
1,200
|
Director of Nevada State Department of Business and
Industry, Revenue Bonds, Las Vegas
|
7/10 at 100.00
|
Caa2
|
500,004
|
|
Monorail Project, First
Tier, Series 2000, 5.375%, 1/01/40 – AMBAC Insured
|
|
|
|
|
Sparks Tourism Improvement District 1, Legends at
Sparks Marina, Nevada, Senior Sales Tax
|
|
|
|
|
Revenue Bonds Series 2008A:
|
|
|
|
1,000
|
6.500%, 6/15/20
|
6/18 at 100.00
|
Ba3
|
963,450
|
1,000
|
6.750%, 6/15/28
|
6/18 at
100.00
|
Ba3
|
918,290
|
3,255
|
Total
Nevada
|
|
|
2,432,561
|
|
New
Jersey – 4.1% (3.6% of Total Investments)
|
|
|
|
700
|
Bayonne Redevelopment Agency, New Jersey, Revenue
Bonds, Royal Caribbean Cruises Project,
|
11/16 at 100.00
|
BB–
|
526,001
|
|
Series 2006A, 5.375%,
11/01/35 (Alternative Minimum Tax)
|
|
|
|
|
New Jersey Economic Development Authority, Special
Facilities Revenue Bonds, Continental
|
|
|
|
|
Airlines Inc., Series 1999:
|
|
|
|
2,000
|
6.250%, 9/15/19
(Alternative Minimum Tax)
|
9/11 at 100.00
|
B
|
1,880,020
|
55
|
6.400%, 9/15/23
(Alternative Minimum Tax)
|
3/10 at 101.00
|
B
|
50,411
|
240
|
6.250%, 9/15/29
(Alternative Minimum Tax)
|
3/10 at 101.00
|
B
|
210,962
|
25
|
New Jersey Economic Development Authority, Special
Facilities Revenue Bonds, Continental
|
11/10 at 101.00
|
B
|
23,994
|
|
Airlines Inc., Series 2000,
7.000%, 11/15/30 (Alternative Minimum Tax)
|
|
|
|
3,200
|
New Jersey Health Care Facilities Financing
Authority, New Jersey, Revenue Bonds, Saint Peters
|
7/18 at 100.00
|
Baa2
|
3,134,976
|
|
University Hospital, Series
2007, 5.750%, 7/01/37
|
|
|
|
1,000
|
New Jersey Health Care Facilities Financing
Authority, Revenue Bonds, Saint Joseph’s
|
No Opt. Call
|
BBB–
|
1,033,970
|
|
Healthcare System Obligated
Group Issue, Series 2008, 6.000%, 7/01/18
|
|
|
|
700
|
New Jersey
Turnpike Authority, Revenue Bonds, Series 2009E, 5.250%, 1/01/40
|
1/19 at
100.00
|
A+
|
726,733
|
7,920
|
Total New
Jersey
|
|
|
7,587,067
|
|
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
|
429,380
|
|
2007, 7.000%, 10/01/37
|
|
|
|
|
New
York – 1.0% (0.9% of Total Investments)
|
|
|
|
1,000
|
New York City Industrial Development Agency, New
York, American Airlines-JFK International
|
8/18 at 100.00
|
B–
|
981,500
|
|
Airport Special Facility
Revenue Bonds, Series 2005, 7.625%, 8/01/25 (Mandatory put
8/01/16)
|
|
|
|
|
(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
|
899,128
|
|
Needs Facilities Pooled Program, Series 2008A-1, 5.800%,
7/01/23
|
|
|
|
2,030
|
Total New
York
|
|
|
1,880,628
|
|
North Carolina – 3.0% (2.6% of
Total Investments)
|
|
|
|
1,970
|
Albemarle Hospital Authority, North Carolina, Health
Care Facilities Revenue Bonds, Series
|
10/17 at 100.00
|
N/R
|
1,500,687
|
|
2007, 5.250%,
10/01/38
|
|
|
|
1,260
|
Charlotte-Mecklenberg Hospital Authority, North
Carolina, Carolinas HealthCare System Revenue
|
1/18 at 100.00
|
AA–
|
1,250,323
|
|
Bonds, Series 2008, Trust
1149-3, 13.566%, 1/15/47 (IF)
|
|
|
|
|
North Carolina Capital Facilities Financing Agency,
Educational Facilities Revenue Bond,
|
|
|
|
|
Meredith College, Series 2008A:
|
|
|
|
1,740
|
6.000%, 6/01/31
|
6/18 at 100.00
|
BBB
|
1,760,306
|
1,000
|
6.125%, 6/01/35
|
6/18 at
100.00
|
BBB
|
1,006,060
|
5,970
|
Total North
Carolina
|
|
|
5,517,376
|
|
Ohio – 4.0% (3.5% of Total
Investments)
|
|
|
|
4,845
|
Buckeye Tobacco Settlement Financing Authority,
Ohio, Tobacco Settlement Asset-Backed Revenue
|
6/17 at 100.00
|
BBB
|
3,717,375
|
|
Bonds, Senior Lien, Series
2007A-2, 5.875%, 6/01/47
|
|
|
|
1,250
|
Ohio State, Hospital Facility Revenue Refunding
Bonds, Cleveland Clinic Health System
|
1/19 at 100.00
|
Aa2
|
1,446,225
|
|
Obligated Group, Tender
Option Bond Trust 3551, 19.787%, 1/01/39 (IF)
|
|
|
|
1,015
|
Ohio, Environmental Facilities Revenue Bonds, Ford
Motor Company, Series 2000, 6.150%, 6/01/30
|
6/10 at 101.00
|
Caa1
|
814,507
|
|
(Alternative Minimum
Tax)
|
|
|
|
2,000
|
Western Reserve Port Authority, Ohio, Solid Waste
Facility Revenue Bonds, Central Waste Inc.,
|
7/17 at 102.00
|
N/R
|
1,528,360
|
|
Series 2007A, 6.350%, 7/01/27 (Alternative Minimum
Tax)
|
|
|
|
9,110
|
Total
Ohio
|
|
|
7,506,467
|
|
Oklahoma – 0.4% (0.3% of Total
Investments)
|
|
|
|
165
|
Oklahoma Development Finance Authority, Revenue
Bonds, Saint John Health System, Series 2007,
|
2/17 at 100.00
|
A
|
150,785
|
|
5.000%, 2/15/42
|
|
|
|
45
|
Tulsa Municipal Airport Trust, Oklahoma, Revenue
Bonds, American Airlines Inc., Series 1995,
|
6/10 at 100.00
|
B–
|
38,312
|
|
6.250%, 6/01/20
|
|
|
|
500
|
Tulsa Municipal Airport Trust, Oklahoma, Revenue
Refunding Bonds, American Airlines Inc.,
|
No Opt. Call
|
Caa2
|
490,920
|
|
Series 2004A, 7.750%, 6/01/35 (Mandatory put 12/01/14)
|
|
|
|
710
|
Total
Oklahoma
|
|
|
680,017
|
|
Oregon – 0.1% (0.1% of Total
Investments)
|
|
|
|
25
|
Oregon, Economic Development Revenue Bonds, Georgia
Pacific Corp., Series 1995CLVII, 6.350%,
|
4/10 at 100.00
|
BB–
|
24,757
|
|
8/01/25 (Alternative
Minimum Tax) (4)
|
|
|
|
125
|
Oregon, Economic Development Revenue Refunding
Bonds, Georgia Pacific Corp., Series 1997-183,
|
4/10 at 100.00
|
B2
|
115,771
|
|
5.700%, 12/01/25
|
|
|
|
150
|
Total
Oregon
|
|
|
140,528
|
|
Pennsylvania – 2.0% (1.7% of
Total Investments)
|
|
|
|
500
|
Allegheny Country Industrial Development Authority,
Allegheny County, Pennsylvania,
|
No Opt. Call
|
BB
|
520,030
|
|
Environmental Improvement
Revenue Bonds, United States Steel Corporation Project, Refunding
|
|
|
|
|
Series 2009, 6.750%,
11/01/24
|
|
|
|
1,010
|
Chester County Industrial Development Authority,
Pennsylvania, Avon Grove Charter School
|
12/17 at 100.00
|
BB+
|
901,991
|
|
Revenue Bonds, Series
2007A, 6.375%, 12/15/37
|
|
|
|
450
|
Lancaster County Hospital Authority, Pennsylvania,
Revenue Bonds, Brethren Village Project,
|
7/17 at 100.00
|
N/R
|
425,016
|
|
Series 2008A, 6.500%,
7/01/40
|
|
|
|
1,000
|
Pennsylvania Economic Development Finance Authority,
Solid Waste Disposal Revenue Bonds (USG
|
6/10 at 101.00
|
B+
|
822,410
|
|
Corporation Project) Series
1999, 6.000%, 6/01/31 (Alternative Minimum Tax)
|
|
|
|
1,000
|
Pennsylvania Housing Finance Agency, Single Family
Mortgage Revenue Bonds, Tender Option Bond
|
4/19 at 100.00
|
AA+
|
951,440
|
|
Trust 4657, 16.307%, 10/01/29 (IF) (6)
|
|
|
|
3,960
|
Total
Pennsylvania
|
|
|
3,620,887
|
|
Puerto Rico – 0.0% (0.0% of
Total Investments)
|
|
|
|
20
|
Puerto Rico Ports Authority, Special Facilities
Revenue Bonds, American Airlines Inc., Series
|
6/10 at 100.00
|
CCC+
|
14,883
|
|
1996A, 6.250%, 6/01/26 (Alternative Minimum Tax)
|
|
|
|
|
Rhode Island – 0.3% (0.2% of
Total Investments)
|
|
|
|
500
|
Rhode Island Tobacco Settlement Financing
Corporation, Tobacco Settlement Asset-Backed Bonds,
|
6/12 at 100.00
|
BBB
|
476,040
|
|
Series 2002A, 6.250%, 6/01/42
|
|
|
|
|
South Carolina – 2.4% (2.1% of
Total Investments)
|
|
|
|
1,100
|
Georgetown County, South Carolina, Environmental
Improvement Revenue Bonds, International
|
8/11 at 100.00
|
BBB
|
931,040
|
|
Paper Company, Series
2006A, 5.000%, 8/01/30 (Alternative Minimum Tax)
|
|
|
|
3,477
|
Lancaster County, South Carolina, Special Assessment
Bonds, Edgewater II Improvement District,
|
No Opt. Call
|
N/R
|
3,452,418
|
|
Series 2007B, 7.700%, 11/01/17
|
|
|
|
4,577
|
Total South
Carolina
|
|
|
4,383,458
|
|
Tennessee – 3.2% (2.8% of Total
Investments)
|
|
|
|
2,000
|
Sullivan County Health Educational and Housing
Facilities Board, Tennessee, Revenue Bonds,
|
3/13 at 100.00
|
N/R
|
1,825,540
|
|
Wellmont Health System,
Refunding Series 200A, 5.486%, 9/01/32
|
|
|
|
|
Sumner County Health, Educational, and Housing
Facilities Board, Tennessee, Revenue Refunding
|
|
|
|
|
Bonds, Sumner Regional Health System Inc., Series
2007:
|
|
|
|
1,500
|
5.500%, 11/01/37
|
11/17 at 100.00
|
N/R
|
870,000
|
1,000
|
5.500%, 11/01/46
|
11/17 at 100.00
|
N/R
|
580,000
|
2,761
|
The
Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006B,
5.625%, 9/01/26
|
No Opt.
Call
|
N/R
|
2,634,049
|
7,261
|
Total
Tennessee
|
|
|
5,909,589
|
|
Texas – 11.0% (9.6% of Total
Investments)
|
|
|
|
1,000
|
Alliance Airport Authority, Texas, Special
Facilities Revenue Bonds, American Airlines Inc.,
|
12/12 at 100.00
|
CCC+
|
625,960
|
|
Series 2007, 5.250%,
12/01/29 (Alternative Minimum Tax)
|
|
|
|
440
|
Brazos River Authority, Texas, Pollution Control
Revenue Refunding Bonds, TXU Electric
|
No Opt. Call
|
CCC
|
414,080
|
|
Company, Series 2001C,
5.750%, 5/01/36 (Mandatory put 11/01/11) (Alternative Minimum
Tax)
|
|
|
|
2,100
|
Clifton Higher Education Finance Corporation, Texas,
Education Revenue Bonds, Tejano Center
|
No Opt. Call
|
BBB–
|
2,417,856
|
|
for Community Concerns,
Inc.-Raul Yzaguirre School for Success, Refunding Series 2009A,
|
|
|
|
|
8.750%, 2/15/28
|
|
|
|
3,000
|
Danbury Higher Education Authority Inc., Texas,
Golden Rule Charter School Revenue Bonds,
|
2/18 at 100.00
|
BB+
|
2,671,140
|
|
Series 2008A, 6.500%,
8/15/38
|
|
|
|
990
|
Hidalgo Willacy Housing Finance Corporation, Texas,
Multifamily Housing Revenue Bonds,
|
1/14 at 102.00
|
N/R
|
933,986
|
|
Heritage Square Apartments
Project, Series 2003A, 7.000%, 1/01/39
|
|
|
|
1,330
|
La Vernia Higher Education Financing Corporation,
Texas, Education Revenue Bonds, Amigos Por
|
2/16 at 100.00
|
N/R
|
1,113,104
|
|
Vida Friends For Life
Public Charter School, Series 2008, 6.375%, 2/15/37
|
|
|
|
335
|
North Texas Thruway Authority, Second Tier System
Revenue Refunding Bonds, Series 2008,
|
1/18 at 100.00
|
A3
|
339,660
|
|
5.750%, 1/01/38
|
|
|
|
110
|
Sabine River Authority, Texas, Pollution Control
Revenue Bonds, TXU Energy Company LLC
|
No Opt. Call
|
CCC
|
103,520
|
|
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
|
CCC
|
362,316
|
|
Company, Series 2001A,
5.500%, 5/01/22 (Mandatory put 11/01/11)
|
|
|
|
2,000
|
Sabine River Authority, Texas, Pollution Control
Revenue Refunding Bonds, TXU Energy Company
|
8/13 at 101.00
|
CCC
|
1,259,980
|
|
LLC Project, Series 2003B,
6.150%, 8/01/22
|
|
|
|
4,255
|
Tarrant County Cultural and Educational Facilities
Finance Corporation, Texas, Revenue Bonds,
|
2/17 at 100.00
|
AA–
|
4,139,604
|
|
Texas Health Resources
Project, Trust 1031, 12.136%, 2/15/36 (IF)
|
|
|
|
500
|
Texas Municipal Gas Acquisition and Supply
Corporation I, Gas Supply Revenue Bonds, Senior
|
No Opt. Call
|
A
|
535,885
|
|
Lien Series 2008D, 6.250%,
12/15/26
|
|
|
|
985
|
Texas Public Finance Authority, Charter School
Revenue Bonds, School of Excellence Charter
|
12/14 at 100.00
|
BB
|
929,742
|
|
School, Series 2004A,
7.000%, 12/01/34
|
|
|
|
5,000
|
Texas Turnpike Authority, First Tier Revenue Bonds,
Central Texas Turnpike System, Series
|
8/12 at 100.00
|
BBB+
|
4,597,650
|
|
2002A, 5.000%, 8/15/42 – AMBAC Insured
|
|
|
|
22,430
|
Total
Texas
|
|
|
20,444,483
|
|
Utah – 3.5% (3.0% of Total
Investments)
|
|
|
|
|
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
|
443,140
|
1,430
|
6.500%, 6/15/38
|
6/17 at 100.00
|
N/R
|
1,237,479
|
5,550
|
Utah State Charter School Finance Authority, Revenue
Bonds, Summit Academy Project, Series
|
12/17 at 100.00
|
BBB–
|
4,824,560
|
|
2007A, 5.800%, 6/15/38
|
|
|
|
7,480
|
Total
Utah
|
|
|
6,505,179
|
|
Virgin Islands – 0.5% (0.5% of
Total Investments)
|
|
|
|
1,000
|
Virgin Islands Public Finance Authority, Revenue
Bonds, Refinery Project – Hovensa LLC, Series
|
1/14 at 100.00
|
Baa3
|
1,008,310
|
|
2003, 6.125%, 7/01/22 (Alternative Minimum Tax)
|
|
|
|
|
Virginia – 0.6% (0.5% of Total
Investments)
|
|
|
|
50
|
Goochland County Industrial Development Authority,
Virginia, Industrial Development Revenue
|
6/10 at 100.50
|
B2
|
46,063
|
|
Refunding Bonds, Nekoosa
Packaging Corporation Project, Series 1998, 5.650%, 12/01/25
|
|
|
|
|
(Alternative Minimum Tax)
(4)
|
|
|
|
1,000
|
Virginia Small Business Financing Authority Revenue
Bonds (Hampton Roads Proton Beam Therapy
|
7/14 at 102.00
|
N/R
|
1,039,720
|
|
Institute at Hampton University, LLC Project), Series 2009,
9.000%, 7/01/39
|
|
|
|
1,050
|
Total
Virginia
|
|
|
1,085,783
|
|
Washington – 6.2% (5.5% of
Total Investments)
|
|
|
|
2,415
|
FYI Properties, Washington, Lease Revenue Bonds,
Washington State Department of Information
|
6/19 at 100.00
|
AA
|
3,030,680
|
|
Services Project, Tender
Option Bond Trust 2009-14A&B, 19.590%, 6/01/34 (IF)
|
|
|
|
3,500
|
Kalispel Indian Tribe, Washington, Priority
Distribution Bonds, Series 2008, 6.750%, 1/01/38
|
No Opt. Call
|
N/R
|
2,911,930
|
7,000
|
Washington State Health Care Facilities Authority,
Revenue Bonds, Northwest Hospital and
|
No Opt. Call
|
N/R
|
5,690,440
|
|
Medical Center of Seattle, Series 2007, 5.700%,
12/01/32
|
|
|
|
12,915
|
Total
Washington
|
|
|
11,633,050
|
|
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
|
589,817
|
|
Economic Development, Series 2006B, 5.625%, 3/01/36
|
|
|
|
|
Wisconsin – 1.0% (0.9% of Total
Investments)
|
|
|
|
30
|
Green Bay Redevelopment Authority, Wisconsin,
Industrial Development Revenue Bonds, Fort James
|
No Opt. Call
|
N/R
|
28,240
|
|
Project, Series 1999,
5.600%, 5/01/19 (Alternative Minimum Tax)
|
|
|
|
360
|
Nekoosa, Wisconsin, Pollution Control Revenue Bonds,
Nekoosa Paper Inc. Project, Series 1999B,
|
No Opt. Call
|
B2
|
355,016
|
|
5.500%, 7/01/15
|
|
|
|
1,000
|
Wisconsin Health and Educational Facilities
Authority, Revenue Bonds, Ministry Healthcare
|
2/12 at 101.00
|
A+
|
780,459
|
|
Inc., Tender option Bond
Trust 3114, 15.825%, 2/15/32 – NPFG Insured (IF)
|
|
|
|
1,500
|
Wisconsin Health and Educational Facilities
Authority, Revenue Bonds, Wheaton Franciscan
|
8/16 at 100.00
|
BBB+
|
745,139
|
|
Healthcare System, Series 2006, Trust 2187, 14.574%, 8/15/34
(IF)
|
|
|
|
2,890
|
Total
Wisconsin
|
|
|
1,908,854
|
|
Wyoming – 1.0% (0.9% of Total
Investments)
|
|
|
|
2,000
|
Sweetwater County, Wyoming, Solid Waste Disposal
Revenue Bonds, FMC Corporation, Series 2005,
|
12/15 at 100.00
|
BBB+
|
1,852,020
|
|
5.600%, 12/01/35 (Alternative Minimum Tax)
|
|
|
|
$
244,476
|
Total
Investments (cost $224,468,461) – 114.7%
|
|
|
212,934,299
|
|
Borrowings
– (18.9)% (7)
|
|
|
(35,000,000)
|
|
Other
Assets Less Liabilities – 4.2%
|
|
|
7,734,604
|
|
Net Assets
Applicable to Common Shares – 100%
|
|
|
$
185,668,903
|