JULY 31, 2010
Schedule of Investments Intermediate Municipal Fund Inc.
(UNAUDITED)
|
||||||||||||||||||||
Principal Amount
|
Security @
|
Value†
|
||||||||||||||||||
($000's omitted)
|
($000's omitted)
|
|||||||||||||||||||
Alabama (2.3%)
|
||||||||||||||||||||
4,210
|
DCH Hlth. Care Au. Hlth. Care Fac. Rev., Ser. 2002, 5.25%, due 6/1/14
|
4,382
|
||||||||||||||||||
2,000
|
Mobile IDB Solid Waste Disp. Rev. (Alabama Pwr. Co. Barry Plant), Ser. 2009, 0.36%, due 6/1/34
|
2,000
|
µß
|
|||||||||||||||||
6,382
|
||||||||||||||||||||
Arizona (8.3%)
|
||||||||||||||||||||
1,465
|
Arizona Energy Management Svcs. (Main) LLC Energy Conservation Rev. (Arizona St. Univ. Proj.-Main Campus), Ser. 2002, (National Public Finance Guarantee Corp. Insured), 5.25%, due 7/1/17
|
1,538
|
ß
|
|||||||||||||||||
5,000
|
Arizona Sch. Fac. Board Cert. of Participation, Ser. 2008, (Assured Guaranty Insured), 5.13%, due 9/1/21
|
5,392
|
||||||||||||||||||
2,265
|
Arizona Wtr. Infrastructure Fin. Au. Rev. (Wtr. Quality), Ser. 2008-A, 5.00%, due 10/1/22
|
2,571
|
||||||||||||||||||
5,730
|
Mohave Co. Ind. Dev. Au. Correctional Fac. Contract Rev. (Mohave Prison LLC Expansion Proj.), Ser. 2008, 7.50%, due 5/1/19
|
6,529
|
ß
|
|||||||||||||||||
1,840
|
Pinal Co. Cert. of Participation, Ser. 2004, 5.25%, due 12/1/18
|
1,960
|
||||||||||||||||||
1,155
|
Pinal Co. Cert. of Participation, Ser. 2004, 5.25%, due 12/1/22
|
1,197
|
||||||||||||||||||
1,750
|
Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2003, 6.15%, due 7/15/17
|
1,689
|
||||||||||||||||||
2,325
|
Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2006, 5.05%, due 7/15/18
|
2,048
|
||||||||||||||||||
22,924
|
||||||||||||||||||||
California (19.1%)
|
||||||||||||||||||||
2,290
|
California HFA Rev. (Home Mtge.), Ser. 2007-E, 5.00%, due 2/1/42
|
2,249
|
||||||||||||||||||
2,250
|
California Hlth. Fac. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.), Ser. 2009, 5.00%, due 8/15/39
|
2,163
|
ß
|
|||||||||||||||||
1,725
|
California Infrastructure & Econ. Dev. Bank St. Sch. Fund (King City Joint Union High Sch.), Ser. 2010, 5.13%, due 8/15/24
|
1,753
|
||||||||||||||||||
1,955
|
California St. G.O., Ser. 2003, (AMBAC Insured), 5.00%, due 2/1/27
|
2,006
|
||||||||||||||||||
1,685
|
California St. G.O., Ser. 2007, (XLCA Insured), 4.50%, due 8/1/27
|
1,614
|
||||||||||||||||||
1,845
|
California St. G.O., Ser. 2005, 5.00%, due 3/1/19
|
2,002
|
||||||||||||||||||
1,500
|
California St. Pub. Works Board Lease Rev. (Dept. of Gen. Svcs. Cap East End), Ser. 2002-A, (AMBAC Insured), 5.25%, due 12/1/17
|
1,572
|
||||||||||||||||||
4,000
|
California St. Var. Purp. G.O., Ser. 2009, 5.63%, due 4/1/25
|
4,373
|
||||||||||||||||||
1,240
|
California Statewide CDA Hlth. Fac. Rev. (Mem. Hlth. Svcs.), Ser. 2003-A, 6.00%, due 10/1/16
|
1,339
|
ß
|
|||||||||||||||||
1,265
|
California Statewide CDA Rev. (California Baptist Univ.), Ser. 2007-A, 5.30%, due 11/1/18
|
1,258
|
ß
|
|||||||||||||||||
3,000
|
Cerritos Pub. Fin. Au. Rev. (Tax Allocation Redev. Proj.), Ser. 2002-A, (AMBAC Insured), 5.00%, due 11/1/19
|
3,051
|
||||||||||||||||||
2,220
|
Golden St. Tobacco Securitization Corp. Tobacco Settlement Rev., Ser. 2003-A1, 6.25%, due 6/1/33
|
2,469
|
||||||||||||||||||
3,620
|
Norwalk-La Mirada Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 2005-B, (AGM Insured), 0.00%, due 8/1/24
|
1,692
|
||||||||||||||||||
5,750
|
Norwalk-La Mirada Unified Sch. Dist. G.O. Cap. Appreciation (Election 2002), Ser. 2009-E, (Assured Guaranty Insured), 0.00%, due 8/1/29
|
3,167
|
b
|
|||||||||||||||||
2,080
|
Oakland Redev. Agcy. Sub. Tax Allocation Rev. (Central Dist. Redev. Proj.), Ser. 2003, (National Public Finance Guarantee Corp. Insured), 5.50%, due 9/1/18
|
2,129
|
||||||||||||||||||
5,000
|
Redondo Beach Unified Sch. Dist. G.O., Ser. 2009, 0.00%, due 8/1/34
|
3,659
|
c
|
|||||||||||||||||
2,060
|
Rocklin Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 1994-B, (National Public Finance Guarantee Corp. Insured), 0.00%, due 8/1/19
|
1,381
|
||||||||||||||||||
2,000
|
San Bernardino Comm. College Dist. G.O. Cap. Appreciation (Election), Ser. 2009-B, 0.00%, due 8/1/19
|
1,246
|
d
|
|||||||||||||||||
740
|
San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev. Proj.), Ser. 2003-B, 5.00%, due 9/1/34
|
747
|
||||||||||||||||||
2,000
|
San Francisco City & Co. Arpt. Commission Int'l Arpt. Ref. Rev., Ser. 2009-C2, 5.00%, due 5/1/25
|
2,128
|
||||||||||||||||||
6,000
|
San Mateo Foster City Sch. Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2010-A, 0.00%, due 8/1/32
|
2,877
|
e
|
|||||||||||||||||
9,070
|
Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C, 0.00%, due 8/1/37
|
5,605
|
f
|
|||||||||||||||||
5,095
|
Victor Valley Joint Union High Sch. Dist. G.O. Cap. Appreciation Bonds, Ser. 2009, (Assured Guaranty Insured), 0.00%, due 8/1/26
|
2,036
|
||||||||||||||||||
52,516
|
||||||||||||||||||||
Colorado (5.6%)
|
||||||||||||||||||||
4,220
|
Colorado Springs Utils. Sys. Sub. Lien Ref. Rev., Ser. 2002-A, (AMBAC Insured), 5.38%, due 11/15/18
|
4,591
|
||||||||||||||||||
1,325
|
Denver City & Co. Arpt. Sys. Ref. Rev., Ser. 1991-D, (XLCA Insured), 7.75%, due 11/15/13
|
1,457
|
||||||||||||||||||
4,000
|
Denver City & Co. Arpt. Sys. Ref. Rev., Ser. 2002-E, (National Public Finance Guarantee Corp. Insured), 5.25%, due 11/15/14
|
4,301
|
||||||||||||||||||
4,610
|
Thornton Cert. of Participation, Ser. 2002, (AMBAC Insured), 5.38%, due 12/1/16 Pre-Refunded 12/1/12
|
5,131
|
||||||||||||||||||
15,480
|
||||||||||||||||||||
District of Columbia (0.4%)
|
||||||||||||||||||||
1,000
|
Metro. Washington Dist. of Columbia Arpt. Au. Sys., Ser. 2008-A, 5.50%, due 10/1/18
|
1,137
|
||||||||||||||||||
Florida (0.8%)
|
||||||||||||||||||||
1,000
|
Hillsborough Co. Ind. Dev. Au. IDR (Hlth. Facs.), Ser. 2008-B, 8.00%, due 8/15/32
|
1,151
|
ß
|
|||||||||||||||||
1,000
|
Sarasota Co. Util. Sys. Ref. Rev., Ser. 2002-C, (National Public Finance Guarantee Corp. Insured), 5.25%, due 10/1/20
|
1,065
|
||||||||||||||||||
2,216
|
||||||||||||||||||||
Georgia (2.9%)
|
||||||||||||||||||||
4,575
|
Henry Co. Wtr. & Swr. Au. Ref. Rev., Ser. 2002-A, (National Public Finance Guarantee Corp. Insured), 5.13%, due 2/1/17
|
5,044
|
||||||||||||||||||
2,710
|
Newnan Hosp. Au. Rev. Anticipation Cert. (Newnan Hosp., Inc. Proj.), Ser. 2002, (National Public Finance Guarantee Corp. Insured), 5.50%, due 1/1/18 Pre-Refunded 1/1/13
|
3,033
|
ß
|
|||||||||||||||||
8,077
|
||||||||||||||||||||
Guam (1.0%)
|
||||||||||||||||||||
2,550
|
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2005, 6.00%, due 7/1/25
|
2,644
|
||||||||||||||||||
Illinois (13.1%)
|
||||||||||||||||||||
5,365
|
Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17
|
5,209
|
||||||||||||||||||
180
|
Chicago G.O. (Unrefunded Bal.), Ser. 2002-A, (AMBAC Insured), 5.38%, due 1/1/17
|
195
|
||||||||||||||||||
1,500
|
Chicago Metro. Wtr. Reclamation Dist. Cap. Imp. G.O., Ser. 2002-C, 5.38%, due 12/1/16 Pre-Refunded 12/1/12
|
1,673
|
||||||||||||||||||
1,970
|
Cook Co. Township High Sch. Dist. Number 225 Northfield Township, Ser. 2008, 5.00%, due 12/1/25
|
2,195
|
||||||||||||||||||
5,130
|
Illinois Ed. Fac. Au. Rev. (Field Museum of Natural History), Ser. 2002, 4.30%, due 11/1/36 Putable 11/1/13
|
5,321
|
µß
|
|||||||||||||||||
1,875
|
Illinois Fin. Au. Ref. Rev. (Roosevelt Univ. Proj.), Ser. 2009, 5.00%, due 4/1/16
|
2,002
|
ß
|
|||||||||||||||||
4,000
|
Illinois Fin. Au. Ref. Rev. (Roosevelt Univ. Proj.), Ser. 2009, 5.75%, due 4/1/24
|
4,227
|
ß
|
|||||||||||||||||
4,000
|
Illinois Fin. Au. Rev. (Clare Oaks Proj.), Ser. 2006-A, 5.75%, due 11/15/16
|
3,595
|
ß
|
|||||||||||||||||
5,840
|
Illinois Fin. Au. Rev. (Provena Hlth.), Ser. 2010-A, 6.25%, due 5/1/22
|
6,253
|
ß
|
|||||||||||||||||
3,000
|
Illinois Hlth. Fac. Au. Rev. (Loyola Univ. Hlth. Sys.) (Unrefunded Bal.), Ser. 1997-A, (National Public Finance Guarantee Corp. Insured), 6.00%, due 7/1/14
|
3,265
|
ß
|
|||||||||||||||||
1,670
|
Illinois Metro. Pier & Exposition Au. Dedicated St. Tax Ref. Rev., Ser. 1998-A, (FGIC Insured), 5.50%, due 6/15/17
|
2,026
|
||||||||||||||||||
35,961
|
||||||||||||||||||||
Indiana (13.4%)
|
||||||||||||||||||||
4,000
|
Indiana Bond Bank Rev. (Spec. Prog. Clark Mem. Hosp.), Ser. 2009-D, 5.50%, due 8/1/29
|
4,205
|
ß
|
|||||||||||||||||
8,535
|
Indiana Bond Bank Rev. (St. Revolving Fund Prog.), Ser. 2001-A, 5.38%, due 2/1/17 Pre-Refunded 2/1/13
|
9,646
|
||||||||||||||||||
3,240
|
Indiana Bond Bank Rev. (St. Revolving Fund Prog.), Ser. 2002-B, 5.25%, due 2/1/18 Pre-Refunded 2/1/13
|
3,624
|
||||||||||||||||||
965
|
Indiana Bond Bank Rev. (Unrefunded Bal. St. Revolving Fund Prog.), Ser. 2001-A, 5.38%, due 2/1/17
|
1,061
|
||||||||||||||||||
320
|
Indiana Bond Bank Rev. (Unrefunded Bal. St. Revolving Fund Prog.), Ser. 2002-B, 5.25%, due 2/1/18
|
344
|
||||||||||||||||||
4,000
|
Indiana Hlth. & Ed. Fac. Fin. Au. Hosp. Ref. Rev. (Clarian Hlth. Oblig. Group), Ser. 2006-B, 5.00%, due 2/15/21
|
4,089
|
ß
|
|||||||||||||||||
2,050
|
Indiana Hlth. Fac. Fin. Au. Rev. (Hlth. Sys. Sisters of St. Francis), Ser. 2001, 5.35%, due 11/1/15
|
2,124
|
ß
|
|||||||||||||||||
1,000
|
Indiana Muni. Pwr. Agcy. Pwr. Supply Sys. Rev., Ser. 2003-B, (National Public Finance Guarantee Corp. Insured), 5.25%, due 1/1/18
|
1,072
|
||||||||||||||||||
1,065
|
Indiana St. Recreational Dev. Comm. Rev., Ser. 2002, (AMBAC Insured), 5.25%, due 7/1/18
|
1,114
|
||||||||||||||||||
1,125
|
Indiana St. Recreational Dev. Comm. Rev., Ser. 2002, (AMBAC Insured), 5.25%, due 7/1/19
|
1,174
|
||||||||||||||||||
3,055
|
Indiana Trans. Fin. Au. Hwy. Ref. Rev., Ser. 2004-B, (National Public Finance Guarantee Corp. Insured), 5.75%, due 12/1/21
|
3,823
|
||||||||||||||||||
2,580
|
Indianapolis Local Pub. Imp. Rev. (Indianapolis Arpt. Au. Proj.), Ser. 2003-A, (AGM Insured), 5.63%, due 1/1/17
|
2,719
|
||||||||||||||||||
2,000
|
Jasper Hosp. Au. Hosp. Fac. Ref. Rev. (Mem. Hosp. & Hlth. Care Ctr. Proj.), Ser. 2002, (Radian Insured), 5.50%, due 11/1/17
|
2,037
|
ß
|
|||||||||||||||||
37,032
|
||||||||||||||||||||
Iowa (5.0%)
|
||||||||||||||||||||
1,000
|
Coralville Urban Renewal Rev., Tax Increment, Ser. 2007-C, 5.00%, due 6/1/15
|
1,065
|
||||||||||||||||||
5,110
|
Iowa Fin. Au. Rev. (St. Revolving Fund Prog.), Ser. 2008, 5.50%, due 8/1/22
|
6,020
|
||||||||||||||||||
2,750
|
Iowa Std. Loan Liquidity Corp. Std. Loan Rev., Ser. 2009-3, 5.50%, due 12/1/19
|
2,964
|
||||||||||||||||||
2,535
|
Iowa Tobacco Settlement Au. Tobacco Settlement Asset-Backed Rev., Ser. 2001-B, 5.30%, due 6/1/25 Pre-Refunded 6/1/11
|
2,662
|
||||||||||||||||||
1,005
|
Kirkwood Comm. College Iowa New Jobs Training Cert. G.O. (Merged Area X), Ser. 2007-1B, 5.00%, due 6/1/17
|
1,085
|
||||||||||||||||||
13,796
|
||||||||||||||||||||
Kentucky (0.2%)
|
||||||||||||||||||||
490
|
Shelby Co. Lease Rev., Ser. 2004-A, (LOC: U.S. Bank), 0.25%, due 9/1/34
|
490
|
µ
|
|||||||||||||||||
Maryland (0.4%)
|
||||||||||||||||||||
1,000
|
Maryland St. Hlth. & Higher Ed. Fac. Au. Rev. (Union Hosp. of Cecil Co.), Ser. 2002, 5.50%, due 7/1/14
|
1,056
|
ß
|
|||||||||||||||||
Massachusetts (6.9%)
|
||||||||||||||||||||
1,850
|
Massachusetts St. G.O., Ser. 2002-E, (National Public Finance Guarantee Corp. Insured), 5.38%, due 1/1/18 Pre-Refunded 1/1/13
|
2,053
|
||||||||||||||||||
1,740
|
Massachusetts St. Hlth. & Ed. Fac. Au. Rev. (Caritas Christi Oblig. Group), Ser. 1999-A, 5.70%, due 7/1/15
|
1,754
|
ß
|
|||||||||||||||||
1,525
|
Massachusetts St. Hlth. & Ed. Fac. Au. Rev. (Milford-Whitinsville Reg. Hosp.), Ser. 1998-C, 5.75%, due 7/15/13
|
1,526
|
ß
|
|||||||||||||||||
4,935
|
Massachusetts St. Hlth. & Ed. Fac. Au. Rev. (New England Med. Ctr. Hosp.), Ser. 2002-H, (FGIC Insured), 5.38%, due 5/15/16 Pre-Refunded 5/15/12
|
5,370
|
ß
|
|||||||||||||||||
5,030
|
Massachusetts St. Wtr. Poll. Abatement Trust Rev. (MWRA Prog.), Ser. 2002-A, 5.25%, due 8/1/19
|
5,399
|
||||||||||||||||||
2,775
|
Massachusetts St. Wtr. Poll. Abatement Trust Rev. (Unrefunded Bal. Rev. Pool Prog.), Ser. 2001-7, 5.25%, due 2/1/16
|
2,887
|
||||||||||||||||||
18,989
|
||||||||||||||||||||
Michigan (3.6%)
|
||||||||||||||||||||
1,375
|
Macomb Co. New Haven Comm. Sch. Bldg. & Site G.O., Ser. 2002, 5.25%, due 5/1/17 Pre-Refunded 11/1/12
|
1,518
|
||||||||||||||||||
2,000
|
Oakland Co. Econ. Dev. Corp. Ltd. Oblig. Rev. (Michigan Motion Picture Studios Proj. Recovery Zone), Ser. 2010-A, 7.00%, due 8/1/40
|
2,014
|
||||||||||||||||||
3,850
|
Royal Oak Hosp. Fin. Au. Hosp. Ref. Rev. (William Beaumont Hosp.), Ser. 1996, 6.25%, due 1/1/12
|
4,062
|
ß
|
|||||||||||||||||
2,000
|
Summit Academy North Pub. Sch. Academy Ref. Rev., Ser. 2005, 5.25%, due 11/1/20
|
1,687
|
||||||||||||||||||
780
|
Summit Academy Pub. Sch. Academy Ref. Rev., Ser. 2005, 6.00%, due 11/1/15
|
768
|
||||||||||||||||||
10,049
|
||||||||||||||||||||
Minnesota (3.4%)
|
||||||||||||||||||||
2,000
|
Freeborn Co. Hsg. & Redev. Au. Lease Rev. (Criminal Justice Ctr. Proj.), Ser. 2002, 5.38%, due 2/1/17
|
2,055
|
||||||||||||||||||
2,000
|
Maple Grove Hlth. Care Sys. Rev. (Maple Grove Hosp. Corp.), Ser. 2007, 5.00%, due 5/1/17
|
2,195
|
ß
|
|||||||||||||||||
2,250
|
Minneapolis & St. Paul Hsg. & Redev. Au. Hlth. Care Sys. (Children's Hlth. Care Facs.), Ser. 2010-A1, (AGM Insured), 4.50%, due 8/15/24
|
2,386
|
ß
|
|||||||||||||||||
2,540
|
St. Paul Port Au. Lease Rev. (Office Bldg.), Ser. 2002, 5.00%, due 12/1/17
|
2,723
|
||||||||||||||||||
9,359
|
||||||||||||||||||||
Mississippi (1.7%)
|
||||||||||||||||||||
4,000
|
Mississippi Bus. Fin. Corp. Gulf Opportunity Zone Rev., Ser. 2009-A, 4.70%, due 5/1/24
|
4,006
|
ß
|
|||||||||||||||||
500
|
Mississippi Dev. Bank Spec. Oblig. (Wilkinson Co. Correctional), Ser. 2008-D, 5.00%, due 8/1/15
|
590
|
ß
|
|||||||||||||||||
4,596
|
||||||||||||||||||||
Missouri (6.9%)
|
||||||||||||||||||||
3,495
|
Bi State Dev. Agcy. Metro. Dist. Rev. (Metrolink Cross Co. Proj.), Ser. 2002-B, (AGM Insured), 5.25%, due 10/1/16
|
3,807
|
||||||||||||||||||
1,860
|
Boone Co. Hosp. Ref. Rev. (Boone Hosp. Ctr.), Ser. 2002, 5.05%, due 8/1/20
|
1,885
|
ß
|
|||||||||||||||||
2,425
|
Branson Dev. Fin. Board Infrastructure Fac. Board Rev., Ser. 2003-A, 5.00%, due 12/1/17
|
2,460
|
||||||||||||||||||
605
|
Branson Ind. Dev. Au. Tax Increment Rev. (Branson Landing-Retail Proj.), Ser. 2005, 5.25%, due 6/1/21
|
512
|
||||||||||||||||||
1,250
|
Missouri St. Env. Imp. & Energy Res. Au. Wtr. PCR (Drinking Wtr.), Ser. 2002-B, 5.50%, due 7/1/16 Pre-Refunded 1/1/13
|
1,401
|
||||||||||||||||||
750
|
Missouri St. Env. Imp. & Energy Res. Au. Wtr. PCR (Unrefunded Bal. Drinking Wtr.), Ser. 2002-B, 5.50%, due 7/1/16
|
824
|
||||||||||||||||||
2,150
|
Missouri St. Hlth. & Ed. Fac. Au. Ed. Fac. Rev. (St. Louis Univ.), Ser. 2002, (LOC: U.S. Bank), 0.22%, due 7/1/32
|
2,150
|
µß
|
|||||||||||||||||
2,275
|
Missouri St. Hlth. & Ed. Fac. Au. Rev. (Children's Mercy Hosp.), Ser. 2009, 5.13%, due 5/15/24
|
2,380
|
ß
|
|||||||||||||||||
245
|
Missouri St. Hsg. Dev. Comm. Multi-Family Hsg. Rev., Ser. 2001-II, (FHA Insured), 5.25%, due 12/1/16
|
249
|
a
|
|||||||||||||||||
110
|
Missouri St. Hsg. Dev. Comm. Multi-Family Hsg. Rev., Ser. 2001-III, (FHA Insured), 5.05%, due 12/1/15
|
111
|
||||||||||||||||||
2,965
|
Missouri St. Univ. Auxiliary Enterprise Sys. Rev., Ser. 2007-A, (XLCA Insured), 5.00%, due 4/1/26
|
3,105
|
||||||||||||||||||
18,884
|
||||||||||||||||||||
Nevada (3.9%)
|
||||||||||||||||||||
1,635
|
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 6.50%, due 6/15/17
|
1,833
|
||||||||||||||||||
3,545
|
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23
|
4,096
|
||||||||||||||||||
4,355
|
Las Vegas Valley Wtr. Dist. Ref. & Wtr. Imp. G.O., Ser. 2003-A, (National Public Finance Guarantee Corp. Insured), 5.25%, due 6/1/16
|
4,737
|
||||||||||||||||||
10,666
|
||||||||||||||||||||
New Hampshire (3.1%)
|
||||||||||||||||||||
2,600
|
New Hampshire Hlth. & Ed. Fac. Au. Rev. (Dartmouth-Hitchcock Clinic), Ser. 2009, 5.00%, due 8/1/19
|
2,704
|
ß
|
|||||||||||||||||
1,700
|
New Hampshire Hlth. & Ed. Fac. Au. Rev. (Univ. Sys. of New Hampshire) (Unrefunded Bal.), Ser. 2001, (AMBAC Insured), 5.38%, due 7/1/17
|
1,780
|
ß
|
|||||||||||||||||
4,000
|
Strafford Co. G.O. (TANS), Ser. 2010-A, 6.50%, due 12/31/10
|
4,013
|
||||||||||||||||||
8,497
|
||||||||||||||||||||
New Jersey (2.8%)
|
||||||||||||||||||||
6,900
|
New Jersey Ed. Fac. Au. Rev. (Stevens Institute of Technology), Ser. 2002-C, 5.25%, due 7/1/17 Pre-Refunded 7/1/13
|
7,804
|
ß
|
|||||||||||||||||
New York (8.8%)
|
||||||||||||||||||||
605
|
Lyons Comm. Hlth. Initiatives Corp. Fac. Rev., Ser. 2004, 5.50%, due 9/1/14
|
652
|
||||||||||||||||||
3,250
|
New York City G.O., Ser. 2002-C, 5.50%, due 8/1/15
|
3,584
|
||||||||||||||||||
2,580
|
New York City IDA Civic Fac. Rev. (Lycee Francais de New York Proj.), Ser. 2002-A, (ACA Insured), 5.50%, due 6/1/14
|
2,746
|
ß
|
|||||||||||||||||
2,750
|
New York City IDA Liberty Rev. (7 World Trade Ctr., LLC Proj.), Ser. 2005-A, 6.25%, due 3/1/15
|
2,737
|
ß
|
|||||||||||||||||
1,000
|
New York City Transitional Fin. Au. (NYC Recovery), Subser. 2002-3F, (LOC: Royal Bank of Canada), 0.26%, due 11/1/22
|
1,000
|
µ
|
|||||||||||||||||
1,100
|
New York Liberty Dev. Corp. Rev. (Nat'l Sports Museum Proj.), Ser. 2006-A, 6.13%, due 2/15/19
|
3
|
#‡
|
|||||||||||||||||
1,700
|
New York St. Dorm. Au. Personal Income Tax Rev., Ser. 2003-A, 5.38%, due 3/15/20 Pre-Refunded 3/15/13
|
1,917
|
||||||||||||||||||
4,000
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Mount Sinai Sch. of Medicine), Ser. 2009, 5.25%, due 7/1/33
|
4,120
|
ß
|
|||||||||||||||||
2,000
|
New York St. HFA Rev. (Affordable Hsg.), Ser. 2009-B, 4.85%, due 11/1/41
|
2,006
|
||||||||||||||||||
2,000
|
New York St. Urban Dev. Corp. Rev., Ser. 2008-D, 5.25%, due 1/1/20
|
2,311
|
||||||||||||||||||
3,000
|
Tobacco Settlement Fin. Corp., Ser. 2003-B-1C, 5.50%, due 6/1/21
|
3,268
|
||||||||||||||||||
24,344
|
||||||||||||||||||||
North Carolina (2.4%)
|
||||||||||||||||||||
5,250
|
North Carolina Muni. Pwr. Agcy. Number 1 Catawba Elec. Rev., Ser. 2009-A, 5.00%, due 1/1/26
|
5,606
|
||||||||||||||||||
1,000
|
Oak Island Enterprise Sys. Rev., Ser. 2009, (Assured Guaranty Insured), 5.63%, due 6/1/24
|
1,074
|
||||||||||||||||||
6,680
|
||||||||||||||||||||
North Dakota (1.5%)
|
||||||||||||||||||||
4,100
|
Fargo Hlth. Sys. Rev. (Meritcare Obligated Group), Ser. 2002-A, (AMBAC Insured), 5.63%, due 6/1/17
|
4,228
|
ß
|
|||||||||||||||||
Ohio (1.4%)
|
||||||||||||||||||||
3,760
|
Ohio St. Air Quality Dev. Au. Env. Imp. Ref. Rev. (USX Corp. Proj.), Ser. 1995, 5.00%, due 11/1/15 Putable 11/1/11
|
3,873
|
µß
|
|||||||||||||||||
Pennsylvania (6.5%)
|
||||||||||||||||||||
1,765
|
Cumberland Co. West Shore Area Au. Hosp. Rev. (Holy Spirit Hosp. of the Sisters of Christian Charity Proj.), Ser. 2001, 6.05%, due 1/1/19
|
1,793
|
ß
|
|||||||||||||||||
565
|
Delaware River Joint Toll Bridge Comm. Sys. Rev., Ser. 2003, 5.25%, due 7/1/18 Pre-Refunded 7/1/13
|
641
|
||||||||||||||||||
435
|
Delaware River Joint Toll Bridge Comm. Sys. Rev. (Unrefunded Bal.), Ser. 2003, 5.25%, due 7/1/18
|
463
|
||||||||||||||||||
2,000
|
Lancaster Co. Hosp. Au. Rev. (Brethren Village Proj.), Ser. 2008-A, 6.10%, due 7/1/22
|
2,017
|
ß
|
|||||||||||||||||
5,000
|
Montgomery Co. Higher Ed. & Hlth. Au. Hosp. Rev. (Abington Mem. Hosp. Proj.), Ser. 2002-A, 5.00%, due 6/1/19
|
5,098
|
ß
|
|||||||||||||||||
3,115
|
Pennsylvania HFA (Single Family Mtge.), Ser. 1998-64, 5.10%, due 4/1/26
|
3,115
|
||||||||||||||||||
1,000
|
Pennsylvania St. Turnpike Commission Turnpike Rev. (Cap. Appreciation), Subser. 2010-B2, 0.00%, due 12/1/34
|
742
|
g
|
|||||||||||||||||
2,000
|
Philadelphia Arpt. Ref. Rev. (Philadelphia Arpt. Sys.), Ser. 1998, (National Public Finance Guarantee Corp. Insured), 5.38%, due 6/15/14
|
2,005
|
||||||||||||||||||
1,480
|
Sayre Hlth. Care Fac. Au. Rev., (Guthrie Hlth. Proj.), Ser. 2002-A, 5.75%, due 12/1/21 Pre-Refunded 12/1/11
|
1,600
|
ß
|
|||||||||||||||||
520
|
Sayre Hlth. Care Fac. Au. Rev. (Unrefunded Bal.), (Guthrie Hlth. Proj.), Ser. 2002-A, 5.75%, due 12/1/21
|
536
|
ß
|
|||||||||||||||||
18,010
|
||||||||||||||||||||
Puerto Rico (1.4%)
|
||||||||||||||||||||
750
|
Puerto Rico Elec. Pwr. Au. Pwr. Rev., Ser. 2010-XX, 5.25%, due 7/1/35
|
755
|
||||||||||||||||||
3,000
|
Puerto Rico Sales Tax Fin. Corp. Sales Tax Rev., Subser. 2009-A, 5.00%, due 8/1/39 Pre-Refunded 8/1/11
|
3,141
|
µ
|
|||||||||||||||||
3,896
|
||||||||||||||||||||
South Carolina (1.3%)
|
||||||||||||||||||||
1,100
|
Charleston Co. Sch. Dist. G.O., Ser. 2001, (AGM Insured), 5.00%, due 2/1/18 Pre-Refunded 2/1/12
|
1,178
|
||||||||||||||||||
2,140
|
Mt. Pleasant Town Waterworks & Swr. Sys. Ref. & Imp. Rev., Ser. 2002, (National Public Finance Guarantee Corp. Insured), 5.25%, due 12/1/17
|
2,288
|
||||||||||||||||||
3,466
|
||||||||||||||||||||
Tennessee (2.3%)
|
||||||||||||||||||||
1,655
|
Knox Co. Hlth. Ed. & Hsg. Fac. Board Hosp. Fac. Rev., Ser. 2002-A, (AGM Insured), 5.50%, due 1/1/18 Pre-Refunded 1/1/13
|
1,850
|
||||||||||||||||||
1,360
|
Knox Co. Hlth. Ed. & Hsg. Fac. Board Hosp. Fac. Rev. (Unrefunded Bal.), Ser. 2002-A, (AGM Insured), 5.50%, due 1/1/18
|
1,420
|
||||||||||||||||||
2,705
|
Memphis-Shelby Co. Arpt. Au. Arpt. Rev., Ser. 2010-B, 5.50%, due 7/1/19
|
2,966
|
||||||||||||||||||
6,236
|
||||||||||||||||||||
Texas (13.8%)
|
||||||||||||||||||||
4,145
|
Anson Ed. Fac. Corp. Std. Hsg. Rev. (Univ. of Texas at Dallas-Waterview Park Proj.), Ser. 2002, (ACA Insured), 5.00%, due 1/1/23
|
3,121
|
ß
|
|||||||||||||||||
3,600
|
Corpus Christi Tax & Muni. Hotel Occupancy Tax G.O., Ser. 2002, (AGM Insured), 5.50%, due 9/1/17
|
3,850
|
||||||||||||||||||
1,935
|
Dallas-Fort Worth Int'l Arpt. Imp. Rev., Ser. 2004-B, (AGM Insured), 5.50%, due 11/1/18
|
2,071
|
||||||||||||||||||
2,300
|
Harris Co. Perm. Imp. Ref. G.O., Ser. 2008-B, 5.00%, due 10/1/19 Pre-Refunded 10/1/18
|
2,784
|
||||||||||||||||||
2,900
|
Harris Co. Toll Road Sr. Lien Rev., Ser. 2008-B, 5.00%, due 8/15/33
|
3,035
|
||||||||||||||||||
2,210
|
Harris Co. Toll Road Sr. Lien Rev., (Unrefunded Bal.), Ser. 2002, (AGM Insured), 5.38%, due 8/15/16
|
2,394
|
||||||||||||||||||
610
|
HFDC Ctr. Texas, Inc. Retirement Fac. Rev., Ser. 2006-A, 5.25%, due 11/1/15
|
593
|
ß
|
|||||||||||||||||
3,235
|
Houston Arpt. Sys. Sub. Lien. Ref. Rev., Ser. 2001-A, (National Public Finance Guarantee Corp. Insured), 5.50%, due 7/1/16
|
3,403
|
||||||||||||||||||
1,000
|
Houston Pub. Imp. Ref. G.O., Ser. 2008-A, 5.00%, due 3/1/20
|
1,136
|
||||||||||||||||||
4,780
|
North Central Hlth. Fac. Dev. Corp. Hosp. Ref. Rev. (Baylor Hlth. Care Sys. Proj.), Ser. 1998, 5.10%, due 5/15/13
|
4,794
|
ß
|
|||||||||||||||||
3,000
|
North Texas Tollway Au. Dallas North Tollway Sys. Rev., Ser. 2005-C, 6.00%, due 1/1/23
|
3,418
|
||||||||||||||||||
950
|
Northwest Texas Independent Sch. Dist. Sch. Bldg., Ser. 2002, (PSF Insured), 5.50%, due 8/15/17 Pre-Refunded 2/15/13
|
1,070
|
||||||||||||||||||
50
|
Northwest Texas Independent Sch. Dist. Sch. Bldg. (Unrefunded Bal.), Ser. 2002, (PSF Insured), 5.50%, due 8/15/17
|
55
|
||||||||||||||||||
20
|
San Antonio Cert. of Oblig. G.O., Ser. 2002, 5.00%, due 2/1/14 Pre-Refunded 2/1/12
|
21
|
||||||||||||||||||
500
|
San Leanna Ed. Fac. Corp. Higher Ed. Ref. Rev., (St. Edwards Univ. Proj.), Ser. 2007, 5.00%, due 6/1/19
|
527
|
ß
|
|||||||||||||||||
910
|
Southmost Reg. Wtr. Au. Wtr. Supply Contract Rev., Ser. 2002, (National Public Finance Guarantee Corp. Insured), 5.50%, due 9/1/19 Pre-Refunded 9/1/12
|
1,007
|
||||||||||||||||||
1,000
|
Southmost Reg. Wtr. Au. Wtr. Supply Contract Rev. (Unrefunded Bal.), Ser. 2002, (National Public Finance Guarantee Corp. Insured), 5.50%, due 9/1/19
|
1,045
|
||||||||||||||||||
235
|
Texas Std. Hsg. Corp. Std. Hsg. Rev. (Midwestern St. Univ. Proj.), Ser. 2002, 5.50%, due 9/1/12
|
246
|
||||||||||||||||||
1,000
|
Trinity River Au. Imp. & Ref. Rev. (Tarrant Co. Wtr. Proj.), Ser. 2003, (National Public Finance Guarantee Corp. Insured), 5.50%, due 2/1/16 Pre-Refunded 2/1/13
|
1,123
|
||||||||||||||||||
1,085
|
Tyler Hlth. Fac. Dev. Corp. Hosp. Rev. (Mother Frances Hosp. Reg. Hlth. Care Ctr. Proj.), Ser. 2003, 5.25%, due 7/1/13
|
1,136
|
ß
|
|||||||||||||||||
1,175
|
West Harris Co. Reg. Wtr. Au. Sys. Wtr. Rev., Ser. 2009, 5.00%, due 12/15/35
|
1,183
|
||||||||||||||||||
38,012
|
||||||||||||||||||||
Utah (1.7%)
|
||||||||||||||||||||
3,000
|
Salt Lake Co. Hosp. Rev. (IHC Hlth. Svc., Inc.), Ser. 2001, (AMBAC Insured), 5.40%, due 2/15/28
|
3,288
|
ß
|
|||||||||||||||||
1,200
|
Uintah Co. Muni. Bldg. Au. Lease Rev., Ser. 2008, 5.25%, due 6/1/20
|
1,328
|
||||||||||||||||||
4,616
|
||||||||||||||||||||
Virginia (1.0%)
|
||||||||||||||||||||
2,620
|
Peninsula Ports Au. Res. Care Fac. Ref. Rev. (VA Baptist Homes), Ser. 2006-C, 5.25%, due 12/1/21
|
1,833
|
ß
|
|||||||||||||||||
1,000
|
Virginia Beach Dev. Au. Residential Care Fac. Mtge. Ref. Rev. (Westminster-Canterbury of Hampton Roads, Inc.), Ser. 2005, 5.00%, due 11/1/22
|
941
|
ß
|
|||||||||||||||||
2,774
|
||||||||||||||||||||
Washington (6.8%)
|
||||||||||||||||||||
6,250
|
Port of Seattle Sub. Lien Rev., Ser. 2002-B, (National Public Finance Guarantee Corp. Insured), 5.50%, due 9/1/16
|
6,519
|
||||||||||||||||||
1,000
|
Skagit Co. Pub. Hosp. Dist. Number 1 Ref. Rev., Ser. 2007, 5.63%, due 12/1/25
|
1,016
|
||||||||||||||||||
1,000
|
Skagit Co. Pub. Hosp. Dist. Ref. Rev., Ser. 2003, 6.00%, due 12/1/23
|
1,029
|
||||||||||||||||||
1,625
|
Skagit Co. Pub. Hosp. Dist. Ref. Rev., Ser. 2003, 6.00%, due 12/1/18
|
1,714
|
||||||||||||||||||
2,500
|
Tacoma Wtr. Sys. Rev., Ser. 2001, (National Public Finance Guarantee Corp. Insured), 5.13%, due 12/1/19
|
2,591
|
||||||||||||||||||
2,525
|
Washington St. Higher Ed. Fac. Au. Ref. Rev. (Whitworth Univ. Proj.), Ser. 2009, 5.38%, due 10/1/29
|
2,590
|
ß
|
|||||||||||||||||
3,125
|
Washington St. Hlth. Care Fac. Au. Rev. (Yakima Valley Mem. Hosp. Assoc.), Ser. 2002, (ACA Insured), 5.00%, due 12/1/17
|
3,149
|
ß
|
|||||||||||||||||
18,608
|
||||||||||||||||||||
West Virginia (0.4%)
|
||||||||||||||||||||
1,000
|
West Virginia Sch. Bldg. Au. Excess Lottery Rev., Ser. 2008, 5.00%, due 7/1/19
|
1,131
|
||||||||||||||||||
Wisconsin (6.8%)
|
||||||||||||||||||||
810
|
Badger Tobacco Asset Securitization Corp. Tobacco Settlement Asset-Backed Rev., Ser. 2002, 6.13%, due 6/1/27
|
874
|
||||||||||||||||||
1,900
|
Univ. of Wisconsin Hosp. & Clinics Au. Hosp. Rev., Ser. 2002-B, 5.50%, due 4/1/12
|
1,979
|
||||||||||||||||||
1,370
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Aurora Med. Group, Inc. Proj.), Ser. 1996, (AGM Insured), 6.00%, due 11/15/11
|
1,431
|
ß
|
|||||||||||||||||
1,100
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College), Ser. 2010-A, 6.13%, due 6/1/35
|
1,123
|
ß
|
|||||||||||||||||
1,225
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College), Ser. 2010-A, 6.13%, due 6/1/39
|
1,250
|
ß
|
|||||||||||||||||
1,000
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Franciscan Sisters Hlth. Care), Ser. 2007, 5.00%, due 9/1/14
|
1,043
|
ß
|
|||||||||||||||||
2,780
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Kenosha Hosp. & Med. Ctr., Inc. Proj.), Ser. 1999, 5.50%, due 5/15/15
|
2,784
|
ß
|
|||||||||||||||||
5,000
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Marquette Univ.), Ser. 2008-B3, 5.00%, due 10/1/30
|
5,124
|
ß
|
|||||||||||||||||
3,000
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Meriter Hosp., Inc.), Ser. 2009, 5.63%, due 12/1/29
|
3,153
|
ß
|
|||||||||||||||||
18,761
|
||||||||||||||||||||
Wyoming (1.8%)
|
||||||||||||||||||||
4,895
|
Wyoming Comm. Dev. Au. Hsg. Rev., Ser. 2006-6, 5.00%, due 12/1/21
|
4,971
|
||||||||||||||||||
Other (0.8%)
|
||||||||||||||||||||
3,000
|
Non-Profit Pfd. Fdg. Trust I, Ser. 2006-C, 4.72%, due 9/15/37
|
2,259
|
#
|
|||||||||||||||||
Total Investments (163.5%) (Cost $434,793)
|
450,420
|
##
|
||||||||||||||||||
Cash, receivables and other assets, less liabilities (1.6%)
|
4,518
|
|||||||||||||||||||
Liquidation Value of Auction Market Preferred Shares [(65.1%)]
|
(179,400)
|
|||||||||||||||||||
Total Net Assets Applicable to Common Shareholders (100.0%)
|
$275,538
|
†
|
The value of investments in securities by Neuberger Berman California Intermediate Municipal Fund Inc. (“California”), Neuberger Berman Intermediate Municipal Fund Inc. (“Intermediate”), and Neuberger Berman New York Intermediate Municipal Fund Inc. (“New York”) (individually a “Fund”, and collectively, the “Funds”) is determined by Neuberger Berman Management LLC (“Management”) primarily by obtaining valuations from independent pricing services based on readily available bid quotations, or if quotations are not available, by methods which include considerations such as: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. Management has developed a process to periodically review information provided by independent pricing services. If a valuation is not available from an independent pricing service or if Management has reason to believe that the valuation does not represent the amount a Fund might reasonably expect to receive on a current sale in an orderly transaction, the Fund seeks to obtain quotations from principal market makers. If such quotations are not readily available, the security is valued using methods the Fund’s Board of Directors (each Fund’s Board of Directors, a “Board”) has approved on the belief that they reflect fair value. Numerous factors may be considered when determining the fair value of a security, including available analyst, media or other reports, trading in futures or ADRs and whether the issuer of the security being fair valued has other securities outstanding. Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or next trades. Short-term debt securities with less than 60 days until maturity may be valued at cost which, when combined with interest earned, is expected to approximate market value.
|
In accordance with Accounting Standards Codification (“ASC”) 820 “Fair Value Measurements and Disclosures” (“ASC 820”), all investments held by a fund are carried at “fair value” as defined by ASC 820. Under ASC 820 fair value is defined as the price that a fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in determining the value of the Funds’ investments, some of which are discussed above. Significant management judgement may be necessary to estimate fair value in accordance with ASC 820.
|
|
In addition to defining fair value, ASC 820 established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.
|
●
|
Level 1 – quoted prices in active markets for identical investments
|
|
●
|
Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)
|
|
●
|
Level 3 – significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments)
|
The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.
|
|
The following is a summary, by category of Level, of inputs used to value the Funds’ investments as of July 31, 2010:
|
Asset Valuation Inputs
|
||||
(000’s omitted)
|
Level 1
|
Level 2
|
Level 3
|
Total
|
California
|
||||
Investments:
|
||||
Municipal Notes^
|
$—
|
$139,964
|
$—
|
$139,964
|
Total Investments
|
$—
|
$139,964
|
$—
|
$139,964
|
Intermediate
|
||||
Investments:
|
||||
Municipal Notes^
|
$—
|
$450,420
|
$—
|
$450,420
|
Total Investments
|
$—
|
$450,420
|
$—
|
$450,420
|
New York
|
||||
Investments:
|
||||
Municipal Notes^
|
$—
|
$121,300
|
$—
|
$121,300
|
Total Investments
|
$—
|
$121,300
|
$—
|
$121,300
|
^
|
The Schedule of Investments provides information on the state categorization for the portfolio.
|
##
|
At July 31, 2010, selected fund information on a U.S. federal income tax basis was as follows:
|
(000’s omitted)
|
Cost
|
Gross Unrealized Appreciation
|
Gross Unrealized Depreciation
|
Net Unrealized
Appreciation
(Depreciation)
|
California
|
$135,972
|
$4,686
|
$694
|
$3,992
|
Intermediate
|
434,793
|
20,820
|
5,193
|
15,627
|
New York
|
118,411
|
4,185
|
1,296
|
2,889
|
@
|
At time of investment, municipal securities purchased by the Funds are within the four highest rating categories (with respect to at least 80% of total assets) assigned by a nationally recognized statistical rating organization (“NRSRO”) such as Moody’s Investors Service, Inc., Standard & Poor’s, or Fitch, Inc. or, where not rated, are determined by Management to be of comparable quality. Approximately 72%, 61%, and 64% of the municipal securities held by California, Intermediate, and New York, respectively, have credit enhancement features backing them, on which a Fund may rely, such as letters of credit, insurance, or guarantees. Without these credit enhancement features the securities may or may not meet the quality standards of the Funds. Pre-refunded bonds are supported by securities in escrow issued or guaranteed by the U.S. Government, its agencies, or instrumentalities. The amount escrowed is sufficient to pay the periodic interest due and the principal of these bonds. Putable bonds give a Fund the right to sell back the issue on the date specified.
|
ß
|
Security is guaranteed by the corporate or non-profit obligor.
|
µ
|
Floating rate securities are securities whose yields vary with a designated market index or market rate. These securities are shown at their current rates as of July 31, 2010 and their final maturities.
|
a
|
Security is subject to a guarantee provided by Bayerische Landesbank, backing 100% of the total principal.
|
b
|
Currently a zero coupon security; will convert to 5.50% on August 1, 2021.
|
c
|
Currently a zero coupon security; will convert to 6.38% on August 1, 2016.
|
d
|
Currently a zero coupon security; will convert to 6.38% on August 1, 2019.
|
e
|
Currently a zero coupon security; will convert to 6.13% on August 1, 2023.
|
f
|
Currently a zero coupon security; will convert to 6.88% on August 1, 2019.
|
g
|
Currently a zero coupon security; will convert to 6.00% on December 1, 2015.
|
‡
|
Security is in default.
|
#
|
Restricted security subject to restrictions on resale under federal securities laws. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended, and have been deemed by the investment manager to be illiquid and restricted. At July 31, 2010, these securities amounted to approximately $2,261,970 or 0.8% of net assets applicable to common shareholders for Intermediate and approximately $1,980 or 0.0% of net assets applicable to common shareholders for New York.
|
(000’s omitted)
|
Restricted Security
|
Acquisition
Date
|
Acquisition
Cost
|
Acquisition
Cost
Percentage of
Net Assets
Applicable to
Common Shareholders
as of
Acquisition
Date
|
Value as of
July 31, 2010
|
Fair Value
Percentage of
Net Assets
Applicable to
Common Shareholders
as of July 31,
2010
|
Intermediate
|
New York Liberty Dev. Corp. Rev. (Nat’l Sports Museum Proj.), Ser. 2006-A, 6.13%, due 2/15/19
|
8/4/2006
|
$1,100
|
0.4%
|
$3
|
0.0%
|
Non-Profit Pfd. Fdg. Trust I, Ser. 2006-C, 4.72%, due 9/15/37
|
10/2/2006
|
3,000
|
1.0
|
2,259
|
0.8
|
|
New York
|
New York Liberty Dev. Corp. Rev. (Nat’l Sports Museum Proj.), Ser. 2006-A, 6.13%, due 2/15/19
|
8/4/2006
|
660
|
0.9
|
2
|
0.0
|
(a)
|
Based on an evaluation of the disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (“1940 Act”)), as of a date within 90 days of the filing date of this document, the Chief Executive Officer and Treasurer and Principal Financial and Accounting Officer of the Registrant have concluded that such disclosure controls and procedures are effectively designed to ensure that information required to be disclosed by the Registrant on Form N-CSR and Form N-Q is accumulated and communicated to the Registrant’s management to allow timely decisions regarding required disclosure.
|
(b)
|
There were no significant changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) 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.
|
The certifications required by Rule 30a-2(a) of the 1940 Act are filed herewith.
|
By: | /s/ Robert Conti | |
Robert Conti | ||
Chief Executive Officer |
By: | /s/ Robert Conti | |
Robert Conti | ||
Chief Executive Officer |
By: | /s/ John M. McGovern | |
John M. McGovern | ||
Treasurer and Principal Financial
and Accounting Officer
|