Portfolio of Investments
|
|||||
Nuveen Select Tax-Free Income Portfolio 2 (NXQ)
|
|||||
June 30, 2015 (Unaudited)
|
|||||
Principal
|
Optional Call
|
||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
LONG-TERM INVESTMENTS – 95.1%
|
|||||
MUNICIPAL BONDS – 95.1%
|
|||||
Alaska – 0.3%
|
|||||
$ 1,000
|
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds,
|
12/16 at 100.00
|
B
|
$ 855,060
|
|
Series 2006A, 5.000%, 6/01/32
|
|||||
Arizona – 2.4%
|
|||||
2,500
|
Arizona Health Facilities Authority, Hospital Revenue Bonds, Catholic Healthcare West, Series
|
3/21 at 100.00
|
A
|
2,698,400
|
|
2011B-1&2, 5.250%, 3/01/39
|
|||||
600
|
Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Electric Power
|
10/20 at 100.00
|
A3
|
659,310
|
|
Company, Series 2010A, 5.250%, 10/01/40
|
|||||
2,250
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc
|
No Opt. Call
|
A–
|
2,437,740
|
|
Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37
|
|||||
215
|
Sedona Wastewater Municipal Property Corporation (Arizona), Excise Tax Revenue Bonds, Series
|
No Opt. Call
|
AA–
|
186,805
|
|
1998, 0.000%, 7/01/20 – NPFG Insured
|
|||||
5,565
|
Total Arizona
|
5,982,255
|
|||
California – 13.6%
|
|||||
1,000
|
Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Subordinate
|
10/17 at 100.00
|
BBB+
|
1,088,570
|
|
Lien Series 2004A, 5.450%, 10/01/25 – AMBAC Insured
|
|||||
11,000
|
Alhambra Unified School District, Los Angeles County, California, General Obligation Bonds,
|
No Opt. Call
|
AA
|
3,362,920
|
|
Capital Appreciation Series 2009B, 0.000%, 8/01/41 – AGC Insured
|
|||||
4,000
|
Arcadia Unified School District, Los Angeles County, California, General Obligation Bonds,
|
2/17 at 44.77
|
Aa1
|
1,704,120
|
|
Election 2006 Series 2007A, 0.000%, 8/01/33 – AGM Insured
|
|||||
500
|
California State Public Works Board, Lease Revenue Refunding Bonds, Community Colleges
|
12/15 at 100.00
|
A+
|
502,075
|
|
Projects, Series 1998A, 5.250%, 12/01/16
|
|||||
60
|
California State, General Obligation Bonds, Series 1997, 5.000%, 10/01/18 – AMBAC Insured
|
9/15 at 100.00
|
AA–
|
60,241
|
|
2,500
|
California State, General Obligation Bonds, Series 2005, 5.000%, 3/01/31 (Pre-refunded 3/01/16)
|
3/16 at 100.00
|
A+ (4)
|
2,579,525
|
|
2,440
|
Eureka Unified School District, Humboldt County, California, General Obligation Bonds, Series
|
No Opt. Call
|
AA
|
1,559,477
|
|
2002, 0.000%, 8/01/27 – AGM Insured
|
|||||
3,290
|
Folsom Cordova Unified School District, Sacramento County, California, General Obligation
|
No Opt. Call
|
AA–
|
2,360,641
|
|
Bonds, School Facilities Improvement District 4, Series 2007A, 0.000%, 10/01/24 – NPFG Insured
|
|||||
1,000
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
6/17 at 100.00
|
B
|
768,050
|
|
Bonds, Series 2007A-1, 5.125%, 6/01/47
|
|||||
3,030
|
Grossmont Union High School District, San Diego County, California, General Obligation Bonds,
|
No Opt. Call
|
Aa3
|
2,201,446
|
|
Series 2006, 0.000%, 8/01/25 – NPFG Insured
|
|||||
1,495
|
Huntington Beach Union High School District, Orange County, California, General Obligation
|
No Opt. Call
|
Aa2
|
688,298
|
|
Bonds, Series 2007, 0.000%, 8/01/33 – FGIC Insured
|
|||||
1,160
|
Mount San Antonio Community College District, Los Angeles County, California, General
|
8/35 at 100.00
|
AA
|
801,386
|
|
Obligation Bonds, Election of 2008, Series 2013A, 0.000%, 8/01/43
|
|||||
450
|
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series
|
No Opt. Call
|
A
|
591,080
|
|
2009C, 6.500%, 11/01/39
|
|||||
1,195
|
Palmdale Elementary School District, Los Angeles County, California, General Obligation Bonds,
|
No Opt. Call
|
AA
|
729,715
|
|
Series 2003, 0.000%, 8/01/28 – AGM Insured
|
|||||
590
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009,
|
11/19 at 100.00
|
Ba1
|
646,581
|
|
6.750%, 11/01/39
|
|||||
4,620
|
Palomar Pomerado Health, California, General Obligation Bonds, Election of 2004, Series 2007A,
|
No Opt. Call
|
AA–
|
3,361,697
|
|
0.000%, 8/01/24 – NPFG Insured
|
|||||
4,400
|
Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community
|
No Opt. Call
|
A
|
2,291,652
|
|
Development Project, Series 1999, 0.000%, 8/01/29 – AMBAC Insured
|
|||||
2,500
|
Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of
|
No Opt. Call
|
AA–
|
1,052,375
|
|
Participation, Series 2006, 0.000%, 10/01/34 – FGIC Insured
|
|||||
2,755
|
Sacramento City Unified School District, Sacramento County, California, General Obligation
|
No Opt. Call
|
A1
|
2,021,316
|
|
Bonds, Series 2007, 0.000%, 7/01/25 – AGM Insured
|
|||||
San Joaquin Delta Community College District, California, General Obligation Bonds, Election
|
|||||
2004 Series 2008B:
|
|||||
1,000
|
0.000%, 8/01/30 – AGM Insured
|
8/18 at 50.12
|
AA
|
469,940
|
|
1,890
|
0.000%, 8/01/31 – AGM Insured
|
8/18 at 47.14
|
AA
|
832,772
|
|
6,025
|
Simi Valley Unified School District, Ventura County, California, General Obligation Bonds,
|
No Opt. Call
|
AA
|
3,215,964
|
|
Series 2007C, 0.000%, 8/01/30
|
|||||
2,080
|
Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed
|
12/15 at 100.00
|
B–
|
1,662,814
|
|
Bonds, Series 2005A-1, 5.500%, 6/01/45
|
|||||
58,980
|
Total California
|
34,552,655
|
|||
Colorado – 10.7%
|
|||||
500
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives,
|
7/19 at 100.00
|
A+
|
565,870
|
|
Series 2009A, 5.500%, 7/01/34
|
|||||
1,975
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of
|
1/20 at 100.00
|
AA–
|
2,134,165
|
|
Leavenworth Health Services Corporation, Series 2010A, 5.000%, 1/01/40
|
|||||
1,000
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Valley View Hospital
|
5/17 at 100.00
|
A–
|
1,051,540
|
|
Association, Series 2007, 5.250%, 5/15/42
|
|||||
1,935
|
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013B,
|
11/23 at 100.00
|
A
|
2,119,038
|
|
5.000%, 11/15/43
|
|||||
2,230
|
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel,
|
11/16 at 100.00
|
BBB–
|
2,260,150
|
|
Senior Lien Series 2006, 4.750%, 12/01/35 – SYNCORA GTY Insured
|
|||||
1,600
|
Denver, Colorado, Airport System Revenue Bonds, Refunding Series 2006A, 5.000%,
|
No Opt. Call
|
AA–
|
1,696,592
|
|
11/15/16 – NPFG Insured
|
|||||
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B:
|
|||||
5,140
|
0.000%, 9/01/24 – NPFG Insured
|
No Opt. Call
|
AA–
|
3,811,310
|
|
8,100
|
0.000%, 9/01/29 – NPFG Insured
|
No Opt. Call
|
AA–
|
4,721,976
|
|
4,475
|
0.000%, 9/01/33 – NPFG Insured
|
No Opt. Call
|
AA–
|
2,104,727
|
|
3,500
|
Regional Transportation District, Colorado, Sales Tax Revenue Bonds, Refunding Series 2005A,
|
11/15 at 100.00
|
AAA
|
3,556,035
|
|
5.000%, 11/01/18 (Pre-refunded 11/01/15) – AMBAC Insured
|
|||||
3,000
|
University of Colorado, Enterprise System Revenue Bonds, Series 2009B, 5.000%, 6/01/16
|
No Opt. Call
|
AA+
|
3,128,670
|
|
33,455
|
Total Colorado
|
27,150,073
|
|||
Connecticut – 0.8%
|
|||||
1,945
|
Connecticut Health and Educational Facilities Authority, Auction Rate Revenue Bonds, Yale
|
7/17 at 100.00
|
AAA
|
2,083,737
|
|
University, Series 2007Z-2, 5.050%, 7/01/42
|
|||||
Florida – 2.8%
|
|||||
2,365
|
Citizens Property Insurance Corporation, Florida, High-Risk Account Senior Secured Bonds
|
No Opt. Call
|
A+
|
2,461,894
|
|
Series 2010A-1, 5.000%, 6/01/16
|
|||||
1,000
|
Hillsborough County Industrial Development Authority, Florida, Hospital Revenue Bonds, Tampa
|
10/16 at 100.00
|
A3
|
1,031,790
|
|
General Hospital, Series 2006, 5.250%, 10/01/41
|
|||||
1,500
|
Lakeland, Florida, Hospital System Revenue Bonds, Lakeland Regional Health, Series 2015,
|
11/24 at 100.00
|
A2
|
1,587,960
|
|
5.000%, 11/15/45
|
|||||
2,000
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Aiport, Series 2005B,
|
No Opt. Call
|
A
|
2,024,080
|
|
5.000%, 10/01/15 – CIFG Insured (Alternative Minimum Tax)
|
|||||
6,865
|
Total Florida
|
7,105,724
|
|||
Georgia – 2.3%
|
|||||
5,845
|
Georgia State, General Obligation Bonds, Refunding Series 2009E, 5.000%, 7/01/15
|
No Opt. Call
|
AAA
|
5,845,818
|
|
Illinois – 12.6%
|
|||||
1,400
|
Board of Trustees of Southern Illinois University, Housing and Auxiliary Facilities System
|
No Opt. Call
|
AA–
|
1,022,070
|
|
Revenue Bonds, Series 1999A, 0.000%, 4/01/23 – NPFG Insured
|
|||||
735
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues Series
|
12/21 at 100.00
|
BBB
|
643,426
|
|
2011A, 5.000%, 12/01/41
|
|||||
Chicago, Illinois, General Airport Revenue Bonds, O’Hare International Airport, Third Lien
|
|||||
Series 2005A:
|
|||||
1,200
|
5.000%, 1/01/29 – NPFG Insured
|
1/16 at 100.00
|
AA–
|
1,226,964
|
|
1,665
|
5.000%, 1/01/33 – FGIC Insured
|
1/16 at 100.00
|
AA–
|
1,696,119
|
|
1,000
|
Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2006A, 4.625%,
|
1/16 at 100.00
|
AA
|
1,000,610
|
|
1/01/31 – AGM Insured
|
|||||
1,050
|
Illinois Finance Authority, Revenue Bonds, Loyola University of Chicago, Tender Option Bond
|
7/17 at 100.00
|
AA+
|
1,179,707
|
|
Trust 1137, 9.376%, 7/01/46 (IF)
|
|||||
470
|
Illinois Finance Authority, Revenue Bonds, Palos Community Hospital, Series 2007A, 5.000%,
|
5/17 at 100.00
|
AA–
|
490,586
|
|
5/15/32 – NPFG Insured
|
|||||
2,185
|
Illinois Finance Authority, Revenue Bonds, YMCA of Southwest Illinois, Series 2005, 5.000%,
|
9/15 at 100.00
|
AA
|
2,132,779
|
|
9/01/31 – RAAI Insured
|
|||||
1,750
|
Illinois Finance Authority, Revenue Refunding Bonds, Silver Cross Hospital and Medical
|
8/18 at 100.00
|
BBB+
|
1,850,817
|
|
Centers, Series 2008A, 5.500%, 8/15/30
|
|||||
1,035
|
Illinois Finance Authority, Student Housing Revenue Bonds, Educational Advancement Fund Inc.,
|
11/16 at 100.00
|
BBB+
|
1,063,845
|
|
University Center Project, Series 2006B, 5.000%, 5/01/25
|
|||||
2,190
|
Illinois State, General Obligation Bonds, Refunding Series 2012, 5.000%, 8/01/23
|
No Opt. Call
|
A–
|
2,366,689
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
|||||
Project, Series 2002A:
|
|||||
6,350
|
0.000%, 12/15/31 – NPFG Insured
|
No Opt. Call
|
AAA
|
3,045,396
|
|
1,350
|
0.000%, 6/15/35 – NPFG Insured
|
No Opt. Call
|
AAA
|
523,328
|
|
5,000
|
0.000%, 12/15/36 – NPFG Insured
|
No Opt. Call
|
AAA
|
1,771,300
|
|
9,170
|
0.000%, 6/15/39 – NPFG Insured
|
No Opt. Call
|
AAA
|
2,740,730
|
|
5,045
|
Sauk Village, Illinois, General Obligation Alternate Revenue Source Bonds, Tax Increment,
|
9/15 at 100.00
|
AA
|
5,044,647
|
|
Series 2002A, 5.000%, 6/01/22 – RAAI Insured
|
|||||
Sauk Village, Illinois, General Obligation Alternate Revenue Source Bonds, Tax Increment,
|
|||||
Series 2002B:
|
|||||
1,060
|
0.000%, 12/01/17 – RAAI Insured
|
No Opt. Call
|
AA
|
955,643
|
|
1,135
|
0.000%, 12/01/18 – RAAI Insured
|
No Opt. Call
|
AA
|
966,407
|
|
2,000
|
Springfield, Illinois, Electric Revenue Bonds, Senior Lien Series 2007, 5.000%,
|
3/17 at 100.00
|
AA–
|
2,127,620
|
|
3/01/22 – NPFG Insured
|
|||||
45,790
|
Total Illinois
|
31,848,683
|
|||
Indiana – 4.8%
|
|||||
1,600
|
Indiana Bond Bank, Special Program Bonds, Carmel Junior Waterworks Project, Series 2008B,
|
No Opt. Call
|
AA
|
909,120
|
|
0.000%, 6/01/30 – AGM Insured
|
|||||
2,040
|
Indiana Finance Authority, Hospital Revenue Bonds, Indiana Unversity Health Obligation Group,
|
6/25 at 100.00
|
AA–
|
2,205,628
|
|
Refunding 2015A, 5.000%, 12/01/40
|
|||||
170
|
Indiana Finance Authority, Tax-Exempt Private Activity Revenue Bonds, I-69 Section 5 Project,
|
9/24 at 100.00
|
BBB
|
182,655
|
|
Series 2014, 5.250%, 9/01/40 (Alternative Minimum Tax)
|
|||||
1,075
|
Indiana Health and Educational Facilities Financing Authority, Revenue Bonds, Ascension
|
11/16 at 100.00
|
AA+
|
1,128,105
|
|
Health, Series 2006B-5, 5.000%, 11/15/36
|
|||||
485
|
Indiana Health Facility Financing Authority, Revenue Bonds, Community Foundation of Northwest
|
3/17 at 100.00
|
A
|
508,304
|
|
Indiana, Series 2007, 5.500%, 3/01/37
|
|||||
515
|
Indiana Health Facility Financing Authority, Revenue Bonds, Community Foundation of Northwest
|
3/17 at 100.00
|
N/R (4)
|
556,694
|
|
Indiana, Series 2007, 5.500%, 3/01/37 (Pre-refunded 3/01/17)
|
|||||
2,000
|
Indiana Municipal Power Agency, Power Supply Revenue Bonds, Series 2007A, 5.000%,
|
1/17 at 100.00
|
AA–
|
2,092,940
|
|
1/01/42 – NPFG Insured
|
|||||
1,750
|
Indianapolis Local Public Improvement Bond Bank, Indiana, Airport Authority Project Revenue
|
7/16 at 100.00
|
A1
|
1,823,623
|
|
Bonds, Series 2006F, 5.000%, 1/01/17 – AMBAC Insured (Alternative Minimum Tax)
|
|||||
2,515
|
Whiting Redevelopment District, Indiana, Tax Increment Revenue Bonds, Lakefront Development
|
No Opt. Call
|
N/R
|
2,699,676
|
|
Project, Series 2010, 6.000%, 1/15/19
|
|||||
12,150
|
Total Indiana
|
12,106,745
|
|||
Iowa – 1.6%
|
|||||
1,665
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company
|
No Opt. Call
|
BB–
|
1,784,364
|
|
Project, Series 2013, 5.000%, 12/01/19
|
|||||
1,645
|
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C,
|
12/15 at 100.00
|
B+
|
1,415,440
|
|
5.375%, 6/01/38
|
|||||
1,000
|
Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B,
|
6/17 at 100.00
|
B+
|
932,600
|
|
5.600%, 6/01/34
|
|||||
4,310
|
Total Iowa
|
4,132,404
|
|||
Kansas – 0.5%
|
|||||
795
|
Lawrence, Kansas, Hospital Revenue Bonds, Lawrence Memorial Hospital, Refunding Series 2006,
|
7/16 at 100.00
|
A1
|
809,183
|
|
4.875%, 7/01/36
|
|||||
335
|
Overland Park Development Corporation, Kansas, Second Tier Revenue Bonds, Overland Park
|
1/17 at 100.00
|
BB+
|
338,518
|
|
Convention Center, Series 2007B, 5.125%, 1/01/22 – AMBAC Insured
|
|||||
1,130
|
Total Kansas
|
1,147,701
|
|||
Kentucky – 1.3%
|
|||||
2,500
|
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Baptist Healthcare
|
8/21 at 100.00
|
A+
|
2,685,500
|
|
System Obligated Group, Series 2011, 5.250%, 8/15/46
|
|||||
805
|
Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds,
|
7/31 at 100.00
|
Baa3
|
548,092
|
|
Downtown Crossing Project, Convertible Capital Appreciation Series 2013C, 0.000%, 7/01/43
|
|||||
3,305
|
Total Kentucky
|
3,233,592
|
|||
Maryland – 1.6%
|
|||||
Baltimore, Maryland, Senior Lien Convention Center Hotel Revenue Bonds, Series 2006A:
|
|||||
595
|
5.000%, 9/01/32 – SYNCORA GTY Insured
|
9/16 at 100.00
|
Ba1
|
605,329
|
|
100
|
5.250%, 9/01/39 – SYNCORA GTY Insured
|
9/16 at 100.00
|
Ba1
|
102,047
|
|
3,145
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Western Maryland
|
7/16 at 100.00
|
AA– (4)
|
3,273,756
|
|
Health, Series 2006A, 4.500%, 1/01/21 (Pre-refunded 7/01/16) – NPFG Insured
|
|||||
3,840
|
Total Maryland
|
3,981,132
|
|||
Massachusetts – 0.5%
|
|||||
500
|
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, CareGroup Inc.,
|
7/18 at 100.00
|
A–
|
548,505
|
|
Series 2008E-1 &2, 5.000%, 7/01/28
|
|||||
345
|
Massachusetts Water Resources Authority, General Revenue Bonds, Series 1993C, 5.250%,
|
No Opt. Call
|
AA– (4)
|
352,293
|
|
12/01/15 – NPFG Insured (ETM)
|
|||||
225
|
Massachusetts Water Resources Authority, General Revenue Bonds, Series 1993C, 5.250%,
|
No Opt. Call
|
Aa1
|
229,313
|
|
12/01/15 – NPFG Insured
|
|||||
1,070
|
Total Massachusetts
|
1,130,111
|
|||
Michigan – 3.2%
|
|||||
355
|
Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds,
|
7/22 at 100.00
|
BBB+
|
376,307
|
|
Refunding Senior Lien Series 2012A, 5.250%, 7/01/39
|
|||||
2,500
|
Detroit, Michigan, Sewer Disposal System Revenue Bonds, Second Lien, Series 2001E, 5.750%,
|
7/18 at 100.00
|
AA+
|
2,771,900
|
|
7/01/31 – BHAC Insured
|
|||||
2,500
|
Detroit, Michigan, Sewer Disposal System Revenue Bonds, Second Lien, Series 2006B, 5.000%,
|
7/16 at 100.00
|
AA–
|
2,549,025
|
|
7/01/33 – FGIC Insured
|
|||||
2,060
|
Detroit, Michigan, Water Supply System Senior Lien Revenue Bonds, Series 2004A, 4.500%,
|
7/16 at 100.00
|
AA–
|
2,071,845
|
|
7/01/25 – NPFG Insured
|
|||||
250
|
Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont
|
9/18 at 100.00
|
Aaa
|
305,735
|
|
Hospital, Refunding Series 2009V, 8.250%, 9/01/39 (Pre-refunded 9/01/18)
|
|||||
7,665
|
Total Michigan
|
8,074,812
|
|||
Minnesota – 3.8%
|
|||||
8,450
|
Minneapolis, Minnesota, General Obligation Bonds, Various Purpose Series 2014,
|
No Opt. Call
|
AAA
|
8,480,674
|
|
1.000%, 12/01/15
|
|||||
1,065
|
Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2007-I, 4.850%,
|
7/16 at 100.00
|
AA+
|
1,070,527
|
|
7/01/38 (Alternative Minimum Tax)
|
|||||
9,515
|
Total Minnesota
|
9,551,201
|
|||
Mississippi – 0.2%
|
|||||
500
|
Mississippi Development Bank, Revenue Bonds, Mississippi Municipal Energy Agency, Mississippi
|
3/16 at 100.00
|
Baa1
|
508,640
|
|
Power, Series 2006A, 5.000%, 3/01/21 – SYNCORA GTY Insured
|
|||||
Missouri – 0.1%
|
|||||
270
|
Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Mass Transit Sales
|
10/18 at 100.00
|
AA+
|
299,325
|
|
Tax Appropriation Bonds, Refunding Combined Lien Series 2013A, 5.000%, 10/01/28
|
|||||
Nebraska – 0.2%
|
|||||
545
|
Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska
|
11/25 at 100.00
|
A–
|
533,604
|
|
Methodist Health System, Refunding Series 2015, 4.125%, 11/01/36
|
|||||
Nevada – 2.8%
|
|||||
1,325
|
Clark County Water Reclamation District, Nevada, General Obligation Water Bonds, Series 2009A,
|
No Opt. Call
|
AAA
|
1,486,889
|
|
5.250%, 7/01/38 (WI/DD, Settling 7/01/15)
|
|||||
1,250
|
Clark County, Nevada, Airport Revenue Bonds, Tender Option Bond Trust Series 11823,
|
1/20 at 100.00
|
A+
|
2,048,850
|
|
20.594%, 1/01/36 (IF)
|
|||||
1,000
|
Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran
|
1/20 at 100.00
|
A+
|
1,102,440
|
|
International Airport, Series 2010A, 5.250%, 7/01/42
|
|||||
2,500
|
North Las Vegas, Nevada, General Obligation Bonds, Series 2006, 5.000%, 5/01/36 – NPFG Insured
|
5/16 at 100.00
|
AA–
|
2,432,025
|
|
6,075
|
Total Nevada
|
7,070,204
|
|||
New Mexico – 0.4%
|
|||||
1,000
|
New Mexico Mortgage Finance Authority, Multifamily Housing Revenue Bonds, St Anthony, Series
|
9/17 at 100.00
|
N/R
|
1,008,790
|
|
2007A, 5.250%, 9/01/42 (Alternative Minimum Tax)
|
|||||
New York – 2.7%
|
|||||
1,700
|
Dormitory Authority of the State of New York, FHA Insured Mortgage Hospital Revenue Bonds,
|
8/16 at 100.00
|
N/R
|
1,714,892
|
|
Kaleida Health, Series 2006, 4.700%, 2/15/35
|
|||||
500
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series
|
2/21 at 100.00
|
A
|
543,900
|
|
2011A, 5.250%, 2/15/47
|
|||||
1,805
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%,
|
2/17 at 100.00
|
A
|
1,894,943
|
|
2/15/47 – FGIC Insured
|
|||||
1,250
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding
|
11/22 at 100.00
|
AA–
|
1,444,450
|
|
Series 2012F, 5.000%, 11/15/26
|
|||||
1,135
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
|
12/20 at 100.00
|
BBB
|
1,323,875
|
|
Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/42
|
|||||
6,390
|
Total New York
|
6,922,060
|
|||
Ohio – 3.1%
|
|||||
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
|
|||||
Bonds, Senior Lien, Series 2007A-2:
|
|||||
2,155
|
5.375%, 6/01/24
|
6/17 at 100.00
|
B–
|
1,867,221
|
|
2,475
|
5.875%, 6/01/30
|
6/17 at 100.00
|
B–
|
2,045,736
|
|
775
|
5.750%, 6/01/34
|
6/17 at 100.00
|
B–
|
617,915
|
|
2,680
|
5.875%, 6/01/47
|
6/17 at 100.00
|
B
|
2,101,549
|
|
1,105
|
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Project, Junior Lien Series
|
2/23 at 100.00
|
A+
|
1,206,085
|
|
2013A-1, 5.000%, 2/15/48
|
|||||
9,190
|
Total Ohio
|
7,838,506
|
|||
Oklahoma – 1.6%
|
|||||
1,000
|
Norman Regional Hospital Authority, Oklahoma, Hospital Revenue Bonds, Series 2005,
|
9/16 at 100.00
|
BBB–
|
1,030,900
|
|
5.375%, 9/01/36
|
|||||
2,935
|
Oklahoma Development Finance Authority, Revenue Bonds, Saint John Health System, Series 2007,
|
2/17 at 100.00
|
AA
|
3,036,786
|
|
5.000%, 2/15/42
|
|||||
65
|
Oklahoma Development Finance Authority, Revenue Bonds, Saint John Health System, Series 2007,
|
2/17 at 100.00
|
N/R (4)
|
69,571
|
|
5.000%, 2/15/42 (Pre-refunded 2/15/17)
|
|||||
4,000
|
Total Oklahoma
|
4,137,257
|
|||
Pennsylvania – 0.6%
|
|||||
1,500
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Subordinate Special Revenue
|
12/20 at 100.00
|
AA–
|
1,570,800
|
|
Bonds, Series 2010B, 0.000%, 12/01/30
|
|||||
Puerto Rico – 0.8%
|
|||||
1,035
|
Puerto Rico Housing Finance Authority, Capital Fund Program Revenue Bonds, Series 2003,
|
9/15 at 100.00
|
AA–
|
1,044,356
|
|
5.000%, 12/01/20
|
|||||
15,000
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%,
|
No Opt. Call
|
CCC–
|
936,000
|
|
8/01/54 – AMBAC Insured
|
|||||
16,035
|
Total Puerto Rico
|
1,980,356
|
|||
Texas – 9.9%
|
|||||
250
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2011,
|
1/21 at 100.00
|
BBB
|
286,760
|
|
6.000%, 1/01/41
|
|||||
5,560
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, First Tier Series
|
10/23 at 100.00
|
BBB+
|
6,083,696
|
|
2013A, 5.500%, 4/01/53
|
|||||
1,615
|
Harris County Health Facilities Development Corporation, Texas, Hospital Revenue Bonds, Texas
|
No Opt. Call
|
AA– (4)
|
1,666,761
|
|
Children’s Hospital, Series 1995, 5.500%, 10/01/16 – NPFG Insured (ETM)
|
|||||
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Junior Lien Series 2001H:
|
|||||
630
|
0.000%, 11/15/24 – NPFG Insured
|
No Opt. Call
|
AA–
|
430,227
|
|
12,480
|
0.000%, 11/15/41 – NPFG Insured
|
11/31 at 53.78
|
AA–
|
3,033,014
|
|
975
|
Houston, Texas, Airport System Revenue Bonds, Refunding Subordinate Lien Series 2007B, 5.000%,
|
7/17 at 100.00
|
AA–
|
1,045,044
|
|
7/01/25 – NPFG Insured
|
|||||
575
|
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment
|
No Opt. Call
|
A2
|
401,517
|
|
Project, Series 2001B, 0.000%, 9/01/24 – AMBAC Insured
|
|||||
1,400
|
Kerrville Health Facilities Development Corporation, Texas, Revenue Bonds, Sid Peterson
|
2/16 at 100.00
|
BBB+
|
1,413,216
|
|
Memorial Hospital Project, Series 2005, 5.375%, 8/15/35
|
|||||
5,000
|
Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation
|
8/17 at 24.20
|
AAA
|
1,160,200
|
|
Bonds, Series 2008, 0.000%, 8/15/41
|
|||||
2,255
|
Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds,
|
11/20 at 100.00
|
Baa1
|
2,458,514
|
|
Southwest Airlines Company, Series 2010, 5.250%, 11/01/40
|
|||||
5,000
|
Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Series
|
No Opt. Call
|
A3
|
5,599,950
|
|
2012, 5.000%, 12/15/26
|
|||||
Texas State University System, Financing Revenue Bonds, Refunding Series 2006:
|
|||||
1,260
|
5.000%, 3/15/28 (Pre-refunded 3/15/16) – AGM Insured
|
3/16 at 100.00
|
AA (4)
|
1,302,235
|
|
165
|
5.000%, 3/15/28 (Pre-refunded 3/15/16) – AGM Insured
|
3/16 at 100.00
|
AA (4)
|
170,567
|
|
37,165
|
Total Texas
|
25,051,701
|
|||
Utah – 0.8%
|
|||||
5,465
|
Utah Transit Authority, Sales Tax Revenue Bonds, Series 2007A, 0.000%, 6/15/36
|
6/17 at 38.77
|
AA–
|
2,070,634
|
|
Virginia – 3.2%
|
|||||
1,500
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Second Senior Lien
|
10/26 at 100.00
|
AA
|
1,729,005
|
|
Revenue Bonds, Series 2009C, 0.000%, 10/01/41 – AGC Insured
|
|||||
2,500
|
Route 460 Funding Corporation, Virginia, Toll Road Revenue Bonds, Series 2012A, 5.125%, 7/01/49
|
No Opt. Call
|
BBB–
|
2,670,325
|
|
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River
|
|||||
Crossing, Opco LLC Project, Series 2012:
|
|||||
1,000
|
5.250%, 1/01/32 (Alternative Minimum Tax)
|
7/22 at 100.00
|
BBB–
|
1,087,460
|
|
500
|
6.000%, 1/01/37 (Alternative Minimum Tax)
|
7/22 at 100.00
|
BBB–
|
571,865
|
|
1,010
|
5.500%, 1/01/42 (Alternative Minimum Tax)
|
7/22 at 100.00
|
BBB–
|
1,090,467
|
|
1,000
|
Virginia Small Business Financing Authority, Wellmont Health System Project Revenue Bonds,
|
9/17 at 100.00
|
BBB+
|
1,035,040
|
|
Series 2007A, 5.250%, 9/01/37
|
|||||
7,510
|
Total Virginia
|
8,184,162
|
|||
Washington – 3.3%
|
|||||
4,000
|
Washington Health Care Facilities Authority, Revenue Bonds, Catholic Health Initiative, Series
|
1/23 at 100.00
|
A+
|
4,562,480
|
|
2013A, 5.750%, 1/01/45
|
|||||
990
|
Washington Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer Research
|
1/21 at 100.00
|
A
|
1,091,604
|
|
Center, Series 2011A, 5.625%, 1/01/35
|
|||||
2,500
|
Washington State, General Obligation Motor Vehicle Fuel Tax Bonds, Series 2008D, 5.000%,
|
1/18 at 100.00
|
AA+ (4)
|
2,752,125
|
|
1/01/33 (Pre-refunded 1/01/18)
|
|||||
7,490
|
Total Washington
|
8,406,209
|
|||
Wisconsin – 2.6%
|
|||||
2,000
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Gundersen Lutheran,
|
10/21 at 100.00
|
A+
|
2,228,260
|
|
Series 2011A, 5.250%, 10/15/39
|
|||||
1,645
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Alliance, Inc.,
|
6/22 at 100.00
|
A2
|
1,749,145
|
|
Series 2012, 5.000%, 6/01/39
|
|||||
1,500
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan
|
8/16 at 100.00
|
A–
|
1,540,875
|
|
Healthcare System, Series 2006A, 5.250%, 8/15/31
|
|||||
1,000
|
Wisconsin State, General Fund Annual Appropriation Revenue Bonds, Refunding Series 2009A,
|
5/19 at 100.00
|
AA–
|
1,162,931
|
|
6.000%, 5/01/36
|
|||||
6,145
|
Total Wisconsin
|
6,681,211
|
|||
$ 311,710
|
Total Municipal Bonds (cost $223,178,784)
|
241,045,162
|
Principal
|
||||||
Amount (000)
|
Description (1)
|
Coupon
|
Maturity
|
Rating (3)
|
Value
|
|
CORPORATE BONDS – 0.0%
|
||||||
Transportation – 0.0%
|
||||||
$ 328
|
Las Vegas Monorail Company, Senior Interest Bonds (5), (6)
|
5.500%
|
7/15/19
|
N/R
|
$ 59,090
|
|
88
|
Las Vegas Monorail Company, Senior Interest Bonds (5), (6)
|
3.000%
|
7/15/55
|
N/R
|
11,678
|
|
$ 416
|
Total Corporate Bonds (cost $37,260)
|
70,768
|
||||
Total Long-Term Investments (cost $223,216,044)
|
241,115,930
|
|||||
Other Assets Less Liabilities – 4.9%
|
12,321,882
|
|||||
Net Assets – 100%
|
$ 253,437,812
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Long-Term Investments:
|
||||
Municipal Bonds
|
$ —
|
$241,045,162
|
$ —
|
$241,045,162
|
Corporate Bonds
|
—
|
—
|
70,768
|
70,768
|
Total
|
$ —
|
$241,045,162
|
$70,768
|
$241,115,930
|
Gross unrealized:
|
|
Appreciation
|
$20,630,944
|
Depreciation
|
(1,766,839)
|
Net unrealized appreciation (depreciation) of investments
|
$18,864,105
|
(1)
|
All percentages shown in the Portfolio of Investments are based on net assets.
|
|
(2)
|
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.
|
|
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities
|
||
may be subject to periodic principal paydowns.
|
||
(3)
|
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service,
|
|
Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or
|
||
BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any
|
||
of these national rating agencies.
|
||
(4)
|
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities,
|
|
which ensure the timely payment of principal and interest. Certain bonds backed by U.S. Government or
|
||
agency securities are regarded as having an implied rating equal to the rating of such securities.
|
||
(5)
|
Investment valued at fair value using methods determined in good faith by, or at the discretion of,
|
|
the Board. For fair value measurement disclosure purposes, investment classified as Level 3. See Notes
|
||
to Financial Statements, Note 2 – Investment Valuation and Fair Value Measurements for more information.
|
(6)
|
During January 2010, Las Vegas Monorail Company (“Las Vegas Monorail”) filed for federal bankruptcy
|
|
protection. During March 2012, Las Vegas Monorail emerged from federal bankruptcy with the acceptance
|
||
of a reorganization plan assigned by the Federal Bankruptcy Court. Under the reorganization plan, the Fund
|
||
surrendered its Las Vegas Monorail Project Revenue Bonds, First Tier, Series 2000 and in turn received two
|
||
senior interest corporate bonds: the first with an annual coupon rate of 5.500% maturing on July 15, 2019
|
||
and the second with an annual coupon rate of 3.000% (5.500% after December 31, 2015) maturing on
|
||
July 15, 2055. The Fund’s custodian is not accruing income on the Fund’s records for either senior
|
||
interest corporate bond.
|
||
(ETM)
|
Escrowed to maturity.
|
|
(IF)
|
Inverse floating rate investment.
|
|
(WI/DD)
|
Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.
|
a.
|
The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
|
b.
|
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
|