As filed with the Securities and Exchange Commission on July 5, 2012
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-21168
NEUBERGER BERMAN INTERMEDIATE MUNICIPAL FUND INC.
(Exact Name of the Registrant as Specified in Charter)
c/o Neuberger Berman Management LLC
605 Third Avenue, 2nd Floor
New York, New York 10158-0180
(Address of Principal Executive Offices – Zip Code)
Registrant’s telephone number, including area code: (212) 476-8800
Robert Conti, Chief Executive Officer
Neuberger Berman Intermediate Municipal Fund Inc.
c/o Neuberger Berman Management LLC
605 Third Avenue, 2nd Floor
New York, New York 10158-0180
Arthur C. Delibert, Esq.
K&L Gates LLP
1601 K Street, N.W.
Washington, D.C. 20006-1600
(Names and Addresses of agents for service)
Date of fiscal year end: October 31, 2012
Date of reporting period: April 30, 2012
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Report to Stockholders
Neuberger Berman
Intermediate Municipal
Closed-End Funds
Neuberger Berman California Intermediate Municipal Fund Inc.
Neuberger Berman Intermediate Municipal Fund Inc.
Neuberger Berman New York Intermediate Municipal Fund Inc.
Semi-Annual Report
April 30, 2012
Contents
|
PRESIDENT’S LETTER
|
1
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PORTFOLIO COMMENTARIES
|
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California Intermediate Municipal Fund Inc.
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2 | |
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Intermediate Municipal Fund Inc.
|
2
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New York Intermediate Municipal Fund Inc.
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2 | |
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SCHEDULES OF INVESTMENTS
|
||
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California Intermediate Municipal Fund Inc.
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7
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Intermediate Municipal Fund Inc.
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11
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New York Intermediate Municipal Fund Inc.
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19
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FINANCIAL STATEMENTS
|
25
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FINANCIAL HIGHLIGHTS/PER SHARE DATA
|
||
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California Intermediate Municipal Fund Inc.
|
36
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Intermediate Municipal Fund Inc.
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37
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New York Intermediate Municipal Fund Inc.
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38
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|
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Distribution Reinvestment Plan
|
40
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|
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Directory
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43
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Proxy Voting Policies and Procedures
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44
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Quarterly Portfolio Schedule
|
44
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Recent Market Conditions
|
44
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Privacy Notice
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Located after the Funds’ Report
|
|
The “Neuberger Berman” name and logo are registered service marks of Neuberger Berman Group LLC. “Neuberger Berman Management LLC” and the individual Fund names in this piece are either service marks or registered service marks of Neuberger Berman Management LLC. ©2012 Neuberger Berman Management LLC. All rights reserved.
President's Letter
Dear Shareholder,
I am pleased to present this semi-annual report for the Neuberger Berman Intermediate Municipal Closed-End Funds for the six months ended April 30, 2012. The report includes portfolio commentaries, listings of the Funds’ investments and their unaudited financial statements for the reporting period.
Each Fund’s investment objective is to provide a high level of current income exempt from regular federal income tax and, for each state-specific Fund, a high level of current income exempt from that state’s personal income taxes (and, in the case of the New York Fund, New York City personal income tax).
We generally invest in intermediate-term municipal bonds because our experience and research indicate strongly that this maturity range has historically offered the best risk/reward profile on the yield curve, providing much of the return of longer-term bonds with less volatility and risk. We believe that our conservative investment philosophy and disciplined investment process will benefit you with superior tax-exempt current income over the long term.
Thank you for your confidence in the Funds. We will continue to do our best to earn your trust in the years to come.
Sincerely,
Robert Conti
President and CEO
Neuberger Berman California Intermediate Municipal Fund Inc.
Neuberger Berman Intermediate Municipal Fund Inc.
Neuberger Berman New York Intermediate Municipal Fund Inc.
1
Neuberger Berman Intermediate Municipal Closed-End Funds Portfolio Commentaries
For the six months ended April 30, 2012, on a net asset value (“NAV”) basis, all three of the Neuberger Berman Intermediate Municipal Closed-End Funds posted positive returns. Neuberger Berman Intermediate Municipal Fund and Neuberger Berman California Intermediate Municipal Fund outperformed the Barclays 10-Year Municipal Bond Index, whereas Neuberger Berman New York Intermediate Municipal Fund lagged the index during the reporting period. The use of leverage (typically a performance enhancer in up markets and a detractor during market retreats) was beneficial for performance as well.
Despite several brief setbacks, the municipal market posted a solid return during the reporting period. The market rallied during the first half of the period, driven by rising tax revenues, low defaults and some signs of progress in the fiscal position of many state and local governments. In addition, new supply was relatively low and investor demand was strong as municipal bonds were attractively valued versus comparable Treasuries. A portion of the municipal market’s gains were given back in March as yields rose. This was triggered by an increase in supply and an expectation that investors would withdraw from municipal mutual funds in order to pay taxes.
Looking at the municipal market more closely, lower-quality securities outperformed their higher-quality counterparts given investors’ quest to generate incremental yield. In addition, longer-term securities outperformed shorter-term securities. The intermediate portion of the municipal curve produced mixed results over the six months ended April 30, 2012. After generating strong returns over the first half of the period, it was the weakest performing portion of the curve during the second half of the period. In our view, this was due to relatively rich valuations in the intermediate portion of the curve at the beginning of 2012 and to profit taking by investors.
We tactically adjusted the Funds’ durations during the reporting period. We started the period with long durations versus the index and later allowed durations to drift shorter. This adjustment was made because we expected to see some softness in the market given its extended rally and due to seasonal weakness that typically occurs during tax season. We then shifted to modestly longer durations toward the end of the period. In terms of the Funds’ yield curve positioning, we maintained a barbell approach (investing in shorter and longer maturities). In contrast, the Funds’ benchmark is concentrated in the eight- to 12-year portion of the curve, which was the weakest performing portion of the municipal yield curve. Given this, the Funds’ barbell approach enhanced their relative results.
The Funds maintained a lower quality than that of the benchmark in an attempt to generate incremental yield. This was rewarded given the outperformance of lower-quality bonds during the reporting period. However, having an underweight in tobacco bonds (municipal bonds secured by tobacco settlement payments) was a negative for results as they outperformed the benchmark. Finally, as previously mentioned, the use of leverage enhanced the Funds’ performance during the reporting period.
Looking ahead, we have a generally positive outlook for the municipal market, as it remains attractively valued versus equal-duration Treasuries, in our view. While the U.S. economy gained some traction during much of the reporting period, we continue to feel that a number of issues, including continued high unemployment, will hold back a more robust expansion. As such, we anticipate seeing inflation remain relatively well contained, which could allow the Federal Reserve Board to make good on its vow to keep the federal funds rate anchored in a historically low range for an extended period. Against this backdrop, we believe that overall demand for municipal bonds should remain strong.
2
We are comfortable with the Funds’ current positioning. Should municipal rates move higher, we may look to extend the Funds’ durations. In addition, if the economy strengthens, we may look to further increase our exposure to higher-yielding BBB-rated securities.
Sincerely,
 |
 |
James L. Iselin and S. Blake Miller
Portfolio Co-Managers
The composition, industries and holdings of the Funds are subject to change.
3
|
TICKER SYMBOLS
|
|
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California Intermediate Municipal Fund
|
NBW
|
|
Intermediate Municipal Fund
|
NBH
|
|
New York Intermediate Municipal Fund
|
NBO
|
|
CALIFORNIA INTERMEDIATE
MUNICIPAL FUND PORTFOLIO
BY STATE AND TERRITORY
|
||||
|
(as a % of Total Investments)
|
||||
|
Arizona
|
0.5
|
%
|
||
|
California
|
83.7
|
|||
|
Guam
|
2.0
|
|||
|
Illinois
|
0.9
|
|||
|
Massachusetts
|
0.7
|
|||
|
Nevada
|
0.8
|
|||
|
New York
|
0.6
|
|||
|
Pennsylvania
|
1.3
|
|||
|
Puerto Rico
|
7.9
|
|||
|
Tennessee
|
0.4
|
|||
|
Texas
|
1.2
|
|||
|
Total
|
100.0
|
%
|
||
|
NEW YORK INTERMEDIATE
MUNICIPAL FUND PORTFOLIO
BY STATE AND TERRITORY
|
||||
|
(as a % of Total Investments)
|
||||
|
Arizona
|
0.4
|
%
|
||
|
California
|
2.8
|
|||
|
Guam
|
2.3
|
|||
|
Illinois
|
0.6
|
|||
|
Massachusetts
|
0.8
|
|||
|
Nevada
|
0.9
|
|||
|
New York
|
82.7
|
|||
|
Pennsylvania
|
1.5
|
|||
|
Puerto Rico
|
6.1
|
|||
|
Tennessee
|
0.4
|
|||
|
Texas
|
1.5
|
|||
|
Total
|
100.0
|
%
|
||
|
PERFORMANCE HIGHLIGHTS1
|
|||||||||||||||||
|
Inception
|
Six Month
Period Ended
|
Average Annual Total Return
Ended 04/30/2012
|
|||||||||||||||
|
At NAV2
|
Date
|
04/30/2012
|
1 Year
|
5 Years
|
Life of Fund
|
||||||||||||
|
California Intermediate
Municipal Fund
|
09/24/2002
|
6.41
|
%
|
13.33
|
%
|
6.74
|
%
|
6.43
|
%
|
||||||||
|
Intermediate Municipal Fund
|
09/24/2002
|
7.67
|
%
|
15.57
|
%
|
6.80
|
%
|
6.53
|
%
|
||||||||
|
New York Intermediate
Municipal Fund
|
09/24/2002
|
5.62
|
%
|
10.57
|
%
|
6.03
|
%
|
5.97
|
%
|
||||||||
|
At Market Price3
|
|||||||||||||||||
|
California Intermediate
Municipal Fund
|
09/24/2002
|
13.37
|
%
|
24.74
|
%
|
7.76
|
%
|
6.32
|
%
|
||||||||
|
Intermediate Municipal Fund
|
09/24/2002
|
12.38
|
%
|
18.57
|
%
|
8.82
|
%
|
6.41
|
%
|
||||||||
|
New York Intermediate
Municipal Fund
|
09/24/2002
|
14.66
|
%
|
21.04
|
%
|
7.30
|
%
|
5.80
|
%
|
||||||||
|
Index
|
|||||||||||||||||
|
Barclays 10 Year
Municipal Bond Index4
|
5.94
|
%
|
11.46
|
%
|
6.55
|
%
|
5.28
|
%
|
|||||||||
Closed-end funds, unlike open-end funds, are not continually offered. Generally, there is an initial public offering and, once issued, common shares of closed-end funds are sold in the open market through a stock exchange.
The performance data quoted represent past performance and do not indicate future results. Current peformance may be lower or higher than the performance data quoted. For performance data current to the most recent month-end, please visit www.nb.com.
The results shown in the table reflect the reinvestment of income dividends and other distributions, if any. The results do not reflect the effect of taxes a shareholder would pay on Fund distributions or on the sale of Fund shares.
Investment return and market price will fluctuate and common shares may trade at prices below NAV. Common shares, when sold, may be worth more or less than their original cost.
Returns would have been lower if Neuberger Berman Management LLC (“Management”) had not waived a portion of its investment management fees during the periods shown. Please see Note B in the Notes to Financial Statements for specific information regarding fee waiver arrangements.
|
INTERMEDIATE MUNICIPAL FUND PORTFOLIO BY STATE
AND TERRITORY
|
|
|
(as a % of Total Investments)
|
|
Alabama
|
1.7
|
%
|
||
|
Arizona
|
5.2
|
|||
|
California
|
14.0
|
|||
|
Colorado
|
3.5
|
|||
|
District of Columbia
|
1.1
|
|||
|
Florida
|
1.2
|
|||
|
Georgia
|
1.6
|
|||
|
Guam
|
1.6
|
|||
|
Hawaii
|
1.6
|
|||
|
Illinois
|
8.4
|
|||
|
Indiana
|
5.2
|
|||
|
Iowa
|
2.6
|
|||
|
Kentucky
|
0.5
|
|||
|
Louisiana
|
0.3
|
|||
|
Maine
|
0.5
|
|||
|
Maryland
|
0.7
|
|||
|
Massachusetts
|
4.5
|
|||
|
Michigan
|
1.3
|
|||
|
Minnesota
|
1.6
|
|||
|
Mississippi
|
1.0
|
|||
|
Missouri
|
3.6
|
|||
|
Nevada
|
1.2
|
%
|
||
|
New Hampshire
|
0.6
|
|||
|
New Jersey
|
2.1
|
|||
|
New York
|
4.7
|
|||
|
North Carolina
|
1.5
|
|||
|
North Dakota
|
0.9
|
|||
|
Ohio
|
0.5
|
|||
|
Pennsylvania
|
3.6
|
|||
|
Puerto Rico
|
3.0
|
|||
|
South Carolina
|
0.5
|
|||
|
Tennessee
|
1.8
|
|||
|
Texas
|
7.5
|
|||
|
Utah
|
1.4
|
|||
|
Virginia
|
0.7
|
|||
|
Washington
|
3.6
|
|||
|
West Virginia
|
0.3
|
|||
|
Wisconsin
|
2.8
|
|||
|
Wyoming
|
1.1
|
|||
|
Other
|
0.5
|
|||
|
Total
|
100.0
|
%
|
4
Endnotes
|
1
|
A portion of each Fund’s income may be a tax preference item for purposes of the federal alternative minimum tax for certain shareholders.
|
|
2
|
Returns based on the net asset value (“NAV”) of each Fund.
|
|
3
|
Returns based on the market price of Fund common shares on the NYSE MKT.
|
|
4
|
Please see “Glossary of Indices” starting on page 6 for a description of the index. Please note that indices do not take into account any fees or expenses or tax consequences of investing in the individual securities that they track, and that individuals cannot invest directly in any index. Data about the performance of the index are prepared or obtained by Management and reflect the reinvestment of income dividends and other distributions. The Funds may invest in securities not included in a described index or may not invest in all securities included in a described index.
|
5
Glossary of Indices
|
Barclays 10-Year Municipal Bond Index:
|
An unmanaged index that is the 10-year (8-12) component of the Barclays Municipal Bond Index, which is a rules-based, market-value-weighted index engineered for the long-term tax-exempt bond market. To be included in the index, bonds must be rated investment-grade, have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million. The bonds must be fixed rate, have a dated-date after December 31, 1990, and be at least one year from their maturity date. Remarketed issues, taxable municipal bonds, bonds with floating rates, and derivatives, are excluded from the benchmark.
|
6
Schedule of Investments California Intermediate Municipal Fund Inc.
(Unaudited)
|
PRINCIPAL AMOUNT
(000’s omitted)
|
SECURITY
|
VALUE†
(000’s omitted)z
|
|
||||
|
Municipal Notes (168.8%)
|
||||||
|
Arizona (0.9%)
|
||||||
|
$
|
750
|
Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2003, 6.15%, due 7/15/17
|
$
|
747
|
||
|
California (141.3%)
|
||||||
|
500
|
Abag Fin. Au. Rev. (San Diego Hosp. Assoc.), Ser. 2003-C, 5.13%, due 3/1/18
|
538
|
ß
|
|||
|
1,250
|
Alameda Co. Cert. of Participation Ref. Rev., Ser. 2001-A, (National Public Finance Guarantee Corp. Insured), 5.38%, due 12/1/17
|
1,266
|
||||
|
1,285
|
Bay Area Gov’t Assoc. BART SFO Extension Rev. (Arpt. Premium Fare), Ser. 2002-A, (AMBAC Insured), 5.00%, due 8/1/21
|
1,279
|
||||
|
500
|
California Ed. Fac. Au. Rev. (Scripps College), Ser. 2007,
|
558
|
ß
|
|||
|
(National Public Finance Guarantee Corp. Insured), 5.00%, due 11/1/15
|
||||||
|
2,000
|
California HFA Home Mtge. Rev., Ser. 2006-E, (FGIC Insured), 4.88%, due 2/1/17
|
2,047
|
||||
|
1,025
|
California HFA Home Mtge. Rev., Ser. 2007-E, 5.00%, due 2/1/42
|
1,051
|
||||
|
2,000
|
California Hlth. Fac. Fin. Au. Rev. (Catholic Healthcare West), Ser. 2004-I, 4.95%, due 7/1/26 Putable 7/1/14
|
2,174
|
µß
|
|||
|
2,000
|
California Hlth. Fac. Fin. Au. Rev. (Catholic Healthcare West), Ser. 2009-C, 5.00%, due 7/1/37 Putable 7/2/12
|
2,015
|
µß
|
|||
|
2,000
|
California Hlth. Fac. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.), Ser. 2005, 5.00%, due 11/15/21
|
2,204
|
ß
|
|||
|
1,100
|
California Hlth. Fac. Fin. Au. Rev. (Hosp. Adventist Hlth. Sys.), Ser. 2002-A, (LOC: Wells Fargo Bank NA), 0.22%, due 9/1/25
|
1,100
|
µß
|
|||
|
1,535
|
California Hlth. Fac. Fin. Au. Rev. (St. Joseph Hlth. Sys.), Ser. 2011-C, (LOC: Northern Trust Co.), 0.25%, due 7/1/41
|
1,535
|
µ
|
|||
|
1,000
|
California Infrastructure & Econ. Dev. Bank St. Sch. Fund Lease Rev.
|
1,070
|
||||
|
(King City Joint Union High Sch. Dist. Fin.), Ser. 2010, 5.13%, due 8/15/24
|
||||||
|
500
|
California Muni. Fin. Au. Ed. Rev. (American Heritage Ed. Foundation Proj.), Ser. 2006-A, 5.00%, due 6/1/16
|
524
|
||||
|
1,040
|
California Muni. Fin. Au. Rev. (Loma Linda Univ.), Ser. 2007, 5.00%, due 4/1/21
|
1,126
|
ß
|
|||
|
600
|
California Muni. Fin. Au. Rev. (Southwestern Law Sch.), Ser. 2011, 6.00%, due 11/1/26
|
657
|
ß
|
|||
|
2,000
|
California Poll. Ctrl. Fin. Au. Env. Imp. Rev. (Air Prod. & Chemicals, Inc.), Ser. 1997, 0.27%, due 3/1/41
|
2,000
|
µß
|
|||
|
2,500
|
California St. Dept. of Wtr. Res. Pwr. Supply Rev., Ser. 2002-A, 5.75%, due 5/1/17 Pre-Refunded 5/1/12
|
2,525
|
ØØ
|
|||
|
2,250
|
California St. G.O., Ser. 2002, 5.00%, due 10/1/17
|
2,292
|
||||
|
1,095
|
California St. Pub. Works Board Lease Rev. (California Comm. Colleges), Ser. 2004-B, 5.50%, due 6/1/20
|
1,162
|
||||
|
1,000
|
California St. Pub. Works Board Lease Rev. (Dept. of Gen. Svc.) (Cap. East End), Ser. 2002-A, (AMBAC Insured), 5.25%, due 12/1/16
|
1,022
|
||||
|
2,000
|
California Statewide CDA Cert. of Participation Rev. (Children’s Hosp. Los Angeles), Ser. 1999, 5.13%, due 8/15/19
|
2,003
|
ß
|
|||
|
985
|
California Statewide CDA Cert. of Participation Rev. (The Internext Group), Ser. 1999, 5.38%, due 4/1/17
|
987
|
ß
|
|||
|
1,000
|
California Statewide CDA Hlth. Fac. Rev. (Adventist Hlth.), Ser. 2005-A, 5.00%, due 3/1/20
|
1,092
|
ß
|
|||
|
5,000
|
California Statewide CDA Hlth. Fac. Rev. (Mem. Hlth. Svcs.), Ser. 2003-A, 6.00%, due 10/1/16
|
5,244
|
ß
|
|||
|
1,325
|
California Statewide CDA Rev. (California Baptist Univ.), Ser. 2007-A, 5.30%, due 11/1/18
|
1,480
|
ß
|
|||
|
1,000
|
California Statewide CDA Rev. (Daughters of Charity Hlth.), Ser. 2005-G, 5.00%, due 7/1/22
|
1,040
|
ß
|
|||
|
1,000
|
California Statewide CDA Rev. (Lancer Ed. Std. Hsg. Proj.), Ser. 2007, 5.40%, due 6/1/17
|
1,073
|
ß
|
|||
|
1,255
|
California Statewide CDA Rev. (Sr. Living So. California Presbyterian Homes), Ser. 2009, 6.25%, due 11/15/19
|
1,408
|
ß
|
|||
|
1,500
|
California Statewide CDA Rev. (St. Joseph Hlth. Sys.), Ser. 2000, (National Public Finance Guarantee Corp. Insured), 5.13%, due 7/1/24
|
1,687
|
ß
|
|||
|
355
|
California Statewide CDA Rev. (Valley Care Hlth. Sys.), Ser. 2007-A, 4.80%, due 7/15/17
|
372
|
ß
|
|||
|
1,500
|
Compton Unified Sch. Dist. Ref. G.O. (Election 2002), Ser. 2006-D, (AMBAC Insured), 0.00%, due 6/1/14
|
1,427
|
||||
|
1,365
|
Daly City Hsg. Dev. Fin. Agcy. Rev. Ref. (Franciscan Mobile Home Park), Ser. 2007-A, 5.00%, due 12/15/21
|
1,405
|
ß
|
|||
|
820
|
Folsom Pub. Fin. Au. Spec. Tax Rev., Ser. 2007-B, 4.40%, due 9/1/12
|
825
|
||||
|
250
|
Folsom Pub. Fin. Au. Spec. Tax Rev., Ser. 2007-B, 4.40%, due 9/1/13
|
256
|
||||
See Notes to Schedule of Investments
7
Schedule of Investments California Intermediate Municipal Fund Inc.
(Unaudited) (cont’d)
|
PRINCIPAL AMOUNT
(000’s omitted)
|
SECURITY
|
VALUE†
(000’s omitted)z
|
|
||||
|
$
|
2,000
|
Fresno Joint Pwr. Fin. Au. Lease Rev. (Master Lease Proj.), Ser. 2008-A, (Assured Guaranty Insured), 5.00%, due 4/1/23
|
$
|
2,158
|
||
|
1,000
|
Fresno Unified Sch. Dist. Ref. G.O., Ser. 2002-A, (National Public Finance Guarantee Corp. Insured), 6.00%, due 2/1/17
|
1,160
|
||||
|
2,835
|
Glendale Redev. Agcy. Tax Allocation Rev. (Central Glendale Redev. Proj.), Ser. 2002,
(National Public Finance Guarantee Corp. Insured), 5.00%, due 12/1/16
|
2,889
|
||||
|
2,480
|
Glendale Redev. Agcy. Tax Allocation Rev. (Central Glendale Redev. Proj.), Ser. 2002,
(National Public Finance Guarantee Corp. Insured), 5.25%, due 12/1/17
|
2,528
|
||||
|
2,000
|
Glendale Redev. Agcy. Tax Allocation Rev. (Central Glendale Redev. Proj.), Ser. 2010, 5.50%, due 12/1/24
|
2,072
|
||||
|
1,000
|
Imperial Comm. College Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, (AGM Insured), 0.00%, due 8/1/40
|
987
|
h
|
|||
|
1,500
|
Inglewood Pub. Fin. Au. Ref. Rev., Ser. 1999-A (AMBAC Insured), 5.63%, due 8/1/15
|
1,505
|
||||
|
440
|
Long Beach Fin. Au. Rev., Ser. 1992, (AMBAC Insured), 6.00%, due 11/1/17
|
470
|
||||
|
4,000
|
Los Angeles Dept. of Arpts. Rev. (Los Angeles Int’l Arpt.), Ser. 2002-A,
(National Public Finance Guarantee Corp. Insured), 5.25%, due 5/15/18
|
4,013
|
||||
|
2,000
|
Los Angeles Muni. Imp. Corp. Lease Ref. Rev. (Real Property), Ser. 2012-C, 5.00%, due 3/1/27
|
2,175
|
Ø
|
|||
|
1,045
|
Marin Co. Muni. Wtr. Dist. Wtr. Ref. Rev., Ser. 2002, (AMBAC Insured), 5.00%, due 7/1/17
|
1,051
|
||||
|
2,900
|
Metro. Wtr. Dist. So. California Waterworks Rev., Ser. 2000-B3, (LOC: Wells Fargo Bank NA), 0.21%, due 7/1/35
|
2,900
|
µ
|
|||
|
1,070
|
Mill Valley Sch. Dist. G.O. Cap. Appreciation, Ser. 1994-A, 0.00%, due 8/1/19
|
878
|
||||
|
1,000
|
Mountain House Pub. Fin. Au. Utils. Sys. Rev., Ser. 2007, 5.00%, due 12/1/22
|
1,019
|
||||
|
535
|
Nevada & Placer Cos. Irrigation Dist. Cert. of Participation Rev., Ser. 2002,
|
552
|
||||
|
(National Public Finance Guarantee Corp. Insured), 5.00%, due 1/1/16 Pre-Refunded 1/1/13
|
||||||
|
565
|
Nevada & Placer Cos. Irrigation Dist. Cert. of Participation Rev., Ser. 2002,
|
583
|
||||
|
(National Public Finance Guarantee Corp. Insured), 5.00%, due 1/1/17 Pre-Refunded 1/1/13
|
||||||
|
500
|
Northstar Comm. Svcs. Dist. Spec. Tax (Comm. Facs. Dist. Number 1), Ser. 2006, 4.70%, due 9/1/18
|
382
|
||||
|
500
|
Northstar Comm. Svcs. Dist. Spec. Tax (Comm. Facs. Dist. Number 1), Ser. 2006, 4.75%, due 9/1/19
|
371
|
||||
|
605
|
Oakland Redev. Agcy. Rev. (Coliseum Area Redev. Proj.), Ser. 2003, 5.00%, due 9/1/16 Pre-Refunded 3/1/13
|
628
|
||||
|
635
|
Oakland Redev. Agcy. Rev. (Coliseum Area Redev. Proj.), Ser. 2003, 5.00%, due 9/1/17 Pre-Refunded 3/1/13
|
660
|
||||
|
1,290
|
Oakland Redev. Agcy. Sub. Tax Allocation Rev. (Central Dist. Redev. Proj.), Ser. 2003,
(National Public Finance Guarantee Corp. Insured), 5.50%, due 9/1/17
|
1,335
|
||||
|
1,445
|
Oceanside Cert. of Participation Ref. Rev., Ser. 2003-A, (AMBAC Insured), 5.25%, due 4/1/14
|
1,493
|
||||
|
1,490
|
Oxnard Harbor Dist. Rev., Ser. 2011-B, 4.50%, due 8/1/24
|
1,534
|
||||
|
1,500
|
Pico Rivera Pub. Fin. Au. Lease Rev., Ser. 2009, 4.75%, due 9/1/25
|
1,638
|
||||
|
3,890
|
Port of Oakland Ref. Rev., Ser. 2002-N, (National Public Finance Guarantee Corp. Insured), 5.00%, due 11/1/13
|
3,968
|
||||
|
440
|
Roseville Stone Point Comm. Fac. Dist. Number 1 Special Tax Rev., Ser. 2003, 5.70%, due 9/1/17
|
451
|
||||
|
1,000
|
Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.), Ser. 2006-E, (AMBAC Insured), 5.25%, due 12/1/24
|
1,144
|
||||
|
2,600
|
Sacramento Muni. Utils. Dist. Elec. Rev., Ser. 1997-K, (AMBAC Insured), 5.70%, due 7/1/17
|
3,178
|
||||
|
1,350
|
San Bernardino Comm. College Dist. G.O. (Election 2002), Ser. 2008-A, 6.25%, due 8/1/24
|
1,670
|
||||
|
400
|
San Diego Pub. Facs. Fin. Au. Lease Rev. (Ballpark), Ser. 2007-A, (AMBAC Insured), 5.25%, due 2/15/19
|
440
|
||||
|
830
|
San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev. Proj.), Ser. 2003-B, 4.80%, due 9/1/15
|
831
|
||||
|
820
|
San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev. Proj.), Ser. 2003-B, 4.90%, due 9/1/16
|
821
|
||||
|
2,000
|
San Diego Unified Sch. Dist. G.O. (Election 1998), Ser. 2002-D, (FGIC Insured), 5.25%, due 7/1/21
|
2,035
|
||||
|
1,000
|
San Francisco City & Co. Arpts. Commission Int’l Ref. Rev., Ser. 2009-C2, 5.00%, due 5/1/21
|
1,169
|
||||
|
2,115
|
San Francisco City & Co. Redev. Fin. Au. Tax Allocation (San Francisco Redev. Proj.), Ser. 2003-B,
(National Public Finance Guarantee Corp. Insured), 5.25%, due 8/1/18
|
2,194
|
||||
|
2,000
|
San Francisco City & Co. Unified Sch. Dist. Ref. Rev., Ser. 2012, 4.00%, due 6/15/25
|
2,142
|
||||
|
925
|
San Jose Multi-Family Hsg. Rev. (Fallen Leaves Apts. Proj.), Ser. 2002-J1, (AMBAC Insured), 4.95%, due 12/1/22
|
912
|
ß
|
|||
|
1,060
|
San Jose Redev. Agcy. Tax Allocation Ref. (Merged Area Redev. Proj.), Ser. 2006-D, (AMBAC Insured), 5.00%, due 8/1/21
|
1,098
|
||||
|
1,000
|
San Mateo Union High Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, 0.00%, due 9/1/25
|
519
|
||||
|
1,000
|
San Rafael City High Sch. Dist. G.O. Cap. Appreciation (Election 2002), Ser. 2004-B,
(National Public Finance Guarantee Corp. Insured), 0.00%, due 8/1/18
|
832
|
||||
|
1,390
|
San Rafael Redev. Agcy. Tax Allocation Ref. (Central San Rafael Redev. Proj.), Ser. 2009,
(Assured Guaranty Insured), 5.00%, due 12/1/21
|
1,579
|
||||
|
|
||||||
See Notes to Schedule of Investments
8
Schedule of Investments California Intermediate Municipal Fund Inc.
(Unaudited) (cont’d)
|
PRINCIPAL AMOUNT
(000’s omitted)
|
SECURITY
|
VALUE†
(000’s omitted)z
|
|
||||
|
$
|
1,620
|
Santa Clara Co. Fremont Union High Sch. Dist. G.O. (Election 1998), Ser. 2002-C, (AGM Insured), 5.00%, due 9/1/20 Pre-Refunded 9/1/12
|
$
|
1,646
|
||
|
485
|
Santa Maria Bonita Sch. Dist. Cert. of Participation (Cap. Imp. & Ref. Proj.), Ser. 1998,
(National Public Finance Guarantee Corp. Insured), 5.00%, due 3/1/14
|
487
|
||||
|
525
|
Sierra View Local Hlth. Care Dist. Rev., Ser. 2007, 4.40%, due 7/1/13
|
540
|
||||
|
505
|
Sierra View Local Hlth. Care Dist. Rev., Ser. 2007, 4.50%, due 7/1/14
|
526
|
||||
|
560
|
South Gate Pub. Fin. Au. Tax Allocation Rev. (South Gate Redev. Proj. Number 1), Ser. 2002,
(XLCA Insured), 5.00%, due 9/1/16
|
573
|
||||
|
1,500
|
Sulphur Springs Union Sch. Dist. Cert. of Participation (Cap. Appreciation), Ser. 2010,
(AGM Insured), 0.00%, due 12/1/37
|
1,423
|
c
|
|||
|
1,250
|
Sunnyvale Sch. Dist. G.O. (Election 2004), Ser. 2005-A, (AGM Insured), 5.00%, due 9/1/21
|
1,348
|
||||
|
1,300
|
Tulare Local Hlth. Care Dist., Ser. 2007, 5.00%, due 11/1/20
|
1,287
|
||||
|
2,000
|
Vernon Elec. Sys. Rev., Ser. 2009-A, 5.13%, due 8/1/21
|
2,221
|
||||
|
3,000
|
Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C, 0.00%, due 8/1/37
|
2,286
|
i
|
|||
|
2,250
|
Wiseburn Sch. Dist. G.O. Cap Appreciation (Election 2010), Ser. 2011-B, (AGM Insured), 0.00%, due 8/1/36
|
1,047
|
j
|
|||
|
|
||||||
|
121,792
|
||||||
|
Guam (3.5%)
|
||||||
|
1,110
|
Guam Gov’t Hotel Occupancy Tax Rev., Ser. 2011-A, 5.25%, due 11/1/18
|
1,229
|
||||
|
700
|
Guam Gov’t Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2005, 5.50%, due 7/1/16
|
739
|
||||
|
1,000
|
Guam Gov’t Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25
|
1,012
|
||||
|
2,980
|
||||||
|
Illinois (1.5%)
|
||||||
|
715
|
Bartlett Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17
|
727
|
||||
|
500
|
Illinois Fin. Au. Rev. (Navistar Int’l Rec. Zone Fac.), Ser. 2010, 6.50%, due 10/15/40
|
541
|
ß
|
|||
|
1,268
|
||||||
|
Massachusetts (1.2%)
|
||||||
|
1,000
|
Massachusetts St. HFA Rev., Ser. 2010-C, 5.00%, due 12/1/30
|
1,049
|
||||
|
Nevada (1.3%)
|
||||||
|
1,000
|
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23
|
1,131
|
||||
|
New York (1.0%)
|
||||||
|
1,000
|
Nassau Co. IDA Continuing Care Retirement (The Amsterdam Harborside), Ser. 2007-A,
5.88%, due 1/1/18
|
883
|
ß
|
|||
|
Pennsylvania (2.1%)
|
||||||
|
2,000
|
Pennsylvania St. Turnpike Commission Turnpike Rev. (Cap. Appreciation), Subser. 2010-B2,
0.00%, due 12/1/34
|
1,842
|
b
|
|||
|
Puerto Rico (13.3%)
|
||||||
|
2,000
|
Puerto Rico Commonwealth Aqueduct & Swr. Au. Sr. Lien Rev., Ser. 2012-A, 4.25%, due 7/1/25
|
1,976
|
||||
|
1,500
|
Puerto Rico Elec. Pwr. Au. Ref. Rev., Ser. 2007-VV, 5.50%, due 7/1/20
|
1,736
|
||||
|
1,000
|
Puerto Rico Elec. Pwr. Au. Rev., Ser. 2010-XX, 5.25%, due 7/1/35
|
1,027
|
||||
|
1,000
|
Puerto Rico Ind., Tourist, Ed., Med. & Env. Ctrl. Fac. Rev. (Polytechnic Univ. of Puerto Rico Proj.),
|
1,007
|
ß
|
|||
|
Ser. 2002-A, (ACA Insured), 5.25%, due 8/1/15
|
||||||
|
3,000
|
Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002-A, (AGM Insured), 5.25%, due 8/1/17
|
3,024
|
||||
|
1,000
|
Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002-A, (AGM Insured), 5.25%, due 8/1/21
|
1,006
|
||||
|
1,500
|
Puerto Rico Sales Tax Fin. Corp. Rev., Subser. 2009-A, 5.00%, due 8/1/24
|
1,677
|
||||
|
11,453
|
||||||
See Notes to Schedule of Investments
9
Schedule of Investments California Intermediate Municipal Fund Inc.
(Unaudited) (cont’d)
|
PRINCIPAL AMOUNT
(000’s omitted)
|
SECURITY
|
VALUE†
(000’s omitted)z
|
|
||||
|
Tennessee (0.6%)
|
||||||
|
$
|
500
|
Tennessee Energy Acquisition Corp. Gas Rev., Ser. 2006-A, 5.25%, due 9/1/23
|
$
|
553
|
||
|
Texas (2.1%)
|
||||||
|
1,750
|
Love Field Arpt. Modernization Corp. Spec. Fac. Rev. (Southwest Airlines Co. Proj.), Ser. 2010, 5.25%, due 11/1/40
|
1,807
|
ß
|
|||
|
Total Investments (168.8%) (Cost $139,632)
|
145,505
|
##
|
||||
|
Liabilities, less cash, receivables and other assets [(0.4%)]
|
(304
|
)
|
||||
|
Liquidation Value of Auction Market Preferred Shares [(68.4%)]
|
(59,000
|
)
|
||||
|
Total Net Assets Applicable to Common Shareholders (100.0%)
|
$
|
86,201
|
||||
See Notes to Schedule of Investments
10
Schedule of Investments Intermediate Municipal Fund Inc.
(Unaudited)
|
PRINCIPAL AMOUNT
(000’s omitted)
|
SECURITY
|
VALUE†
(000’s omitted)z
|
|
||||
|
Municipal Notes (160.9%)
|
||||||||
|
Alabama (2.7%)
|
||||||||
|
$
|
1,500
|
Courtland IDB Solid Waste Disp. Rev. (Champion Int’l Corp. Proj.), Ser. 1999, 6.00%, due 8/1/29
|
$
|
1,506
|
ß
|
|||
|
4,210
|
DCH Hlth. Care Au. Hlth. Care Fac. Rev., Ser. 2002, 5.25%, due 6/1/14
|
4,266
|
||||||
|
1,900
|
Selma IDB Rev. (Int’l Paper Co. Proj.), Ser. 2011-A, 5.38%, due 12/1/35
|
2,007
|
ß
|
|||||
|
7,779
|
||||||||
|
Arizona (8.3%)
|
||||||||
|
1,465
|
Arizona Energy Management Svcs. LLC Energy Conservative Rev.
|
1,477
|
ß
|
|||||
|
(Arizona St. Univ. Proj.-Main Campus), Ser. 2002, (National Public Finance Guarantee Corp. Insured), 5.25%, due 7/1/17 Pre-Refunded 7/1/12
|
||||||||
|
5,000
|
Arizona Sch. Fac. Board Cert. of Participation, Ser. 2008, (Assured Guaranty Insured), 5.13%, due 9/1/21
|
5,663
|
||||||
|
2,265
|
Arizona Wtr. Infrastructure Fin. Au. Rev. (Wtr. Quality), Ser. 2008-A, 5.00%, due 10/1/22
|
2,675
|
||||||
|
5,870
|
Mohave Co. Ind. Dev. Au. Correctional Fac. Contract Rev. (Mohave Prison LLC Expansion Proj.), Ser. 2008, 7.50%, due 5/1/19
|
6,867
|
ß
|
|||||
|
400
|
Phoenix-Mesa Gateway Arpt. Au. Spec. Fac. Rev. (Mesa Proj.), Ser. 2012, 5.00%, due 7/1/24
|
436
|
||||||
|
1,840
|
Pinal Co. Cert. of Participation, Ser. 2004, 5.25%, due 12/1/18
|
1,983
|
||||||
|
1,155
|
Pinal Co. Cert. of Participation, Ser. 2004, 5.25%, due 12/1/22
|
1,234
|
||||||
|
1,750
|
Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2003, 6.15%, due 7/15/17
|
1,743
|
||||||
|
2,325
|
Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2006, 5.05%, due 7/15/18
|
2,153
|
||||||
|
24,231
|
||||||||
|
California (22.6%)
|
||||||||
|
1,530
|
California HFA Rev. (Home Mtge.), Ser. 2007-E, 5.00%, due 2/1/42
|
1,569
|
||||||
|
2,250
|
California Hlth. Fac. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.), Ser. 2009, 5.00%, due 8/15/39
|
2,378
|
ß
|
|||||
|
1,725
|
California Infrastructure & Econ. Dev. Bank St. Sch. Fund Rev. (King City Joint Union High Sch.), Ser. 2010, 5.13%, due 8/15/24
|
1,845
|
||||||
|
1,685
|
California St. G.O., Ser. 2007, (XLCA Insured), 4.50%, due 8/1/27
|
1,750
|
||||||
|
1,845
|
California St. G.O., Ser. 2005, 5.00%, due 3/1/19
|
2,011
|
||||||
|
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
|
1,533
|
||||||
|
|
||||||||
|
4,000
|
California St. Var. Purp. G.O., Ser. 2009, 5.63%, due 4/1/25
|
4,592
|
||||||
|
1,240
|
California Statewide CDA Hlth. Fac. Rev. (Mem. Hlth. Svcs.), Ser. 2003-A, 6.00%, due 10/1/16 Pre-Refunded 4/1/13
|
1,300
|
ß
|
|||||
|
1,125
|
California Statewide CDA Rev. (California Baptist Univ. Proj.), Ser. 2007-A, 5.30%, due 11/1/18
|
1,257
|
ß
|
|||||
|
2,000
|
Emery Unified Sch. Dist. G.O. (Election 2010), Ser. 2011-A, 6.50%, due 8/1/33
|
2,395
|
||||||
|
1,880
|
Golden St. Tobacco Securitization Corp. Tobacco Settlement Rev., Ser. 2003-A1, 6.25%, due 6/1/33
|
1,972
|
||||||
|
2,000
|
Imperial Comm. College Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, (AGM Insured), 0.00%, due 8/1/40
|
1,974
|
h
|
|||||
|
3,620
|
Norwalk-La Mirada Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 2005-B, (AGM Insured), 0.00%, due 8/1/24
|
2,062
|
||||||
|
5,750
|
Norwalk-La Mirada Unified Sch. Dist. G.O. Cap. Appreciation (Election 2002), Ser. 2009-E,
|
3,715
|
d
|
|||||
|
(Assured Guaranty Insured), 0.00%, due 8/1/29
|
||||||||
|
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
|
2,150
|
||||||
|
5,000
|
Redondo Beach Unified Sch. Dist. G.O., Ser. 2009, 0.00%, due 8/1/34
|
4,638
|
e
|
|||||
|
2,060
|
Rocklin Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 1994-B,
|
1,680
|
||||||
|
(National Public Finance Guarantee Corp. Insured), 0.00%, due 8/1/19
|
||||||||
|
4,000
|
Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.), Ser. 2006-E, (AMBAC Insured), 5.25%, due 12/1/26
|
4,524
|
||||||
|
2,000
|
San Bernardino Comm. College Dist. G.O. Cap. Appreciation (Election), Ser. 2009-B, 0.00%, due 8/1/34
|
1,539
|
f
|
|||||
|
740
|
San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev. Proj.), Ser. 2003-B, 5.00%, due 9/1/17
|
741
|
||||||
|
2,000
|
San Francisco City & Co. Arpt. Commission Int’l Arpt. Ref. Rev., Ser. 2009-C2, 5.00%, due 5/1/25
|
2,252
|
||||||
|
6,000
|
San Mateo Foster City Sch. Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2010-A, 0.00%, due 8/1/32
|
3,613
|
g
|
|||||
|
3,000
|
Vernon Elec. Sys. Rev., Ser. 2009-A, 5.13%, due 8/1/21
|
3,331
|
||||||
See Notes to Schedule of Investments
11
Schedule of Investments Intermediate Municipal Fund Inc.
(Unaudited) (cont’d)
|
PRINCIPAL AMOUNT
(000’s omitted)
|
SECURITY
|
VALUE†
(000’s omitted)z
|
|
||||
|
$
|
9,070
|
Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C, 0.00%, due 8/1/37
|
$
|
6,911
|
i
|
|||
|
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
|
2,596
|
||||||
|
3,000
|
Wiseburn Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-B, (AGM Insured), 0.00%, due 8/1/36
|
1,396
|
j
|
|||||
|
|
||||||||
|
65,724
|
||||||||
|
Colorado (5.7%)
|
||||||||
|
6,000
|
Colorado Ed. & Cultural Facs. Au. Rev. (Nat’l Jewish Federal Board Prog.), Ser. 2006-D1, (LOC: JP Morgan Chase Bank NA), 0.24%, due 7/1/36
|
6,000
|
µß
|
|||||
|
4,220
|
Colorado Springs Utils. Sys. Sub. Lien Ref. Rev., Ser. 2002-A, (AMBAC Insured), 5.38%, due 11/15/18
|
4,327
|
||||||
|
720
|
Denver City & Co. Arpt. Sys. Ref. Rev., Ser. 1991-D, (XLCA Insured), 7.75%, due 11/15/13
|
746
|
||||||
|
5,000
|
Denver City & Co. Arpt. Sys. Rev., Ser. 2011-B, 5.00%, due 11/15/24
|
5,621
|
||||||
|
16,694
|
||||||||
|
District of Columbia (1.8%)
|
||||||||
|
1,615
|
District of Columbia HFA Rev. (Capitol Hill Towers Proj.), Ser. 2011, (Fannie Mae Insured), 4.10%, due 12/1/26
|
1,713
|
ß
|
|||||
|
1,000
|
Metro. Washington Dist. of Columbia Arpt. Au. Sys. Rev., Ser. 2008-A, 5.50%, due 10/1/18
|
1,194
|
||||||
|
2,000
|
Metro. Washington Dist. of Columbia Arpt. Au. Sys. Rev., Ser. 2011-C, 5.00%, due 10/1/26
|
2,192
|
||||||
|
5,099
|
||||||||
|
Florida (2.0%)
|
||||||||
|
1,000
|
Cityplace Comm. Dev. Dist. Spec. Assessment Rev. Ref., Ser. 2012, 5.00%, due 5/1/26
|
1,092
|
||||||
|
1,000
|
Hillsborough Co. Ind. Dev. Au. IDR (Hlth. Facs.), Ser. 2008-B, 8.00%, due 8/15/32 Pre-Refunded 8/15/19
|
1,432
|
ßØØ
|
|||||
|
2,000
|
Lee Co. Arpt. Ref. Rev., Ser. 2011-A, 5.63%, due 10/1/25
|
2,241
|
||||||
|
1,000
|
Sarasota Co. Util. Sys. Ref. Rev., Ser. 2002-C, (National Public Finance Guarantee Corp. Insured), 5.25%, due 10/1/20 Pre-Refunded 10/1/12
|
1,021
|
||||||
|
|
||||||||
|
5,786
|
||||||||
|
Georgia (2.6%)
|
||||||||
|
4,575
|
Henry Co. Wtr. & Swr. Au. Ref. Rev., Ser. 2002-A, (National Public Finance Guarantee Corp. Insured), 5.13%, due 2/1/17
|
4,788
|
||||||
|
2,710
|
Newnan Hosp. Au. Rev. Anticipation Cert. (Newnan Hosp., Inc. Proj.), Ser. 2002,
|
2,805
|
ß
|
|||||
|
(National Public Finance Guarantee Corp. Insured), 5.50%, due 1/1/18 Pre-Refunded 1/1/13
|
||||||||
|
7,593
|
||||||||
|
Guam (2.5%)
|
||||||||
|
1,220
|
Guam Gov’t Hotel Occupancy Tax Rev., Ser. 2011-A, 5.75%, due 11/1/20
|
1,397
|
||||||
|
650
|
Guam Gov’t Hotel Occupancy Tax Rev., Ser. 2011-A, 5.75%, due 11/1/21
|
742
|
||||||
|
2,550
|
Guam Gov’t Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2005, 6.00%, due 7/1/25
|
2,630
|
||||||
|
2,630
|
Guam Gov’t Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25
|
2,661
|
||||||
|
7,430
|
||||||||
|
Hawaii (2.6%)
|
||||||||
|
5,200
|
Hawaii St. Arpt. Sys. Ref. Rev., Ser. 2011, 4.13%, due 7/1/24
|
5,384
|
||||||
|
2,000
|
Hawaii St. Dept. of Budget & Fin. Spec. Purp. Rev. (Hawaii Elec. Co., Inc. -Subsidiary), Ser. 2009, 6.50%, due 7/1/39
|
2,288
|
ß
|
|||||
|
|
||||||||
|
7,672
|
||||||||
See Notes to Schedule of Investments
12
Schedule of Investments Intermediate Municipal Fund Inc.
(Unaudited) (cont’d)
|
PRINCIPAL AMOUNT
(000’s omitted)
|
SECURITY
|
VALUE†
(000’s omitted)z
|
|
||||
|
Illinois (13.5%)
|
||||||||
|
$
|
4,215
|
Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17
|
$
|
4,284
|
||||
|
180
|
Chicago G.O. (Unrefunded Bal.), Ser. 2002-A, (AMBAC Insured), 5.38%, due 1/1/17
|
181
|
||||||
|
1,970
|
Cook Co. Township High Sch. Dist. Number 225 Northfield Township, Ser. 2008, 5.00%, due 12/1/25
|
2,241
|
||||||
|
5,130
|
Illinois Ed. Fac. Au. Rev. (Field Museum of Natural History), Ser. 2002, 4.30%, due 11/1/36 Putable 11/1/13
|
5,281
|
µß
|
|||||
|
1,875
|
Illinois Fin. Au. Ref. Rev. (Roosevelt Univ. Proj.), Ser. 2009, 5.00%, due 4/1/16
|
2,042
|
ß
|
|||||
|
4,000
|
Illinois Fin. Au. Ref. Rev. (Roosevelt Univ. Proj.), Ser. 2009, 5.75%, due 4/1/24
|
4,397
|
ß
|
|||||
|
3,795
|
Illinois Fin. Au. Rev. (Clare Oaks Proj.), Ser. 2006-A, 5.75%, due 11/15/16
|
1,177
|
Ñß
|
|||||
|
1,960
|
Illinois Fin. Au. Rev. (Navistar Int’l Rec. Zone Fac.), Ser. 2010, 6.50%, due 10/15/40
|
2,121
|
ß
|
|||||
|
5,840
|
Illinois Fin. Au. Rev. (Provena Hlth.), Ser. 2010-A, 6.25%, due 5/1/22
|
6,898
|
ß
|
|||||
|
3,000
|
Illinois Hlth. Fac. Au. Rev. (Loyola Univ. Hlth. Sys.) (Unrefunded Bal.), Ser. 1997-A,
|
3,359
|
ß
|
|||||
|
(National Public Finance Guarantee Corp. Insured), 6.00%, due 7/1/14
|
||||||||
|
1,670
|
Illinois Metro. Pier & Exposition Au. Dedicated St. Tax Ref. Rev., Ser. 1998-A, (FGIC Insured), 5.50%, due 6/15/17
|
2,046
|
||||||
|
1,905
|
Illinois Sports Facs. Au. Cap. Appreciation Rev. (St. Tax Supported), Ser. 2001, (AMBAC Insured), 0.00%, due 6/15/26
|
973
|
||||||
|
2,110
|
Pingree Grove Village Rev. (Cambridge Lakes Learning Ctr. Proj.), Ser. 2011, 8.00%, due 6/1/26
|
2,230
|
ß
|
|||||
|
1,850
|
Will Co. High Sch. Dist. Number 204 G.O. (Joliet Jr. College), Ser. 2011-A, 6.25%, due 1/1/31
|
2,140
|
||||||
|
39,370
|
||||||||
|
Indiana (8.3%)
|
||||||||
|
4,000
|
Indiana Bond Bank Rev. (Spec. Prog. Clark Mem. Hosp.), Ser. 2009-D, 5.50%, due 8/1/29
|
4,426
|
ß
|
|||||
|
965
|
Indiana Bond Bank Rev. (Unrefunded Bal. St. Revolving Fund Prog.), Ser. 2001-A, 5.38%, due 2/1/17
|
1,006
|
||||||
|
320
|
Indiana Bond Bank Rev. (Unrefunded Bal. St. Revolving Fund Prog.), Ser. 2002-B, 5.25%, due 2/1/18
|
330
|
||||||
|
4,000
|
Indiana Hlth. & Ed. Fac. Fin. Au. Hosp. Ref. Rev. (Clarian Hlth. Oblig. Group), Ser. 2006-B, 5.00%, due 2/15/21
|
4,420
|
ß
|
|||||
|
2,050
|
Indiana Hlth. Fac. Fin. Au. Rev. (Hlth. Sys. Sisters of St. Francis), Ser. 2001, 5.35%, due 11/1/15
|
2,077
|
ß
|
|||||
|
1,000
|
Indiana Muni. Pwr. Agcy. Pwr. Supply Sys. Rev., Ser. 2003-B,
|
1,026
|
||||||
|
(National Public Finance Guarantee Corp. Insured), 5.25%, due 1/1/18
|
||||||||
|
1,065
|
Indiana St. Rec. Dev. Comm. Rev., Ser. 2002, (AMBAC Insured), 5.25%, due 7/1/18
|
1,072
|
||||||
|
1,125
|
Indiana St. Rec. Dev. Comm. Rev., Ser. 2002, (AMBAC Insured), 5.25%, due 7/1/19
|
1,132
|
||||||
|
3,055
|
Indiana Trans. Fin. Au. Hwy. Ref. Rev., Ser. 2004-B, (National Public Finance Guarantee Corp. Insured), 5.75%, due 12/1/21
|
4,062
|
||||||
|
2,580
|
Indianapolis Local Pub. Imp. Rev. (Indianapolis Arpt. Au. Proj.), Ser. 2003-A, (AGM Insured), 5.63%, due 1/1/17
|
2,642
|
||||||
|
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
|
2,039
|
ß
|
|||||
|
24,232
|
||||||||
|
Iowa (4.3%)
|
||||||||
|
1,000
|
Coralville Urban Renewal Rev., Tax Increment, Ser. 2007-C, 5.00%, due 6/1/15
|
1,094
|
||||||
|
5,110
|
Iowa Fin. Au. Rev. (St. Revolving Fund Prog.), Ser. 2008, 5.50%, due 8/1/22
|
6,338
|
||||||
|
3,445
|
Iowa Std. Loan Liquidity Corp. Rev., Ser. 2011-A1, 5.00%, due 12/1/21
|
3,861
|
||||||
|
1,005
|
Kirkwood Comm. College Iowa New Jobs Training Cert. G.O. (Merged Area X), Ser. 2007-1B, 5.00%, due 6/1/17
|
1,093
|
||||||
|
|
||||||||
|
12,386
|
||||||||
|
Kentucky (0.8%)
|
||||||||
|
2,250
|
Louisville & Jefferson Co. Reg. Arpt. Au. Spec. Facs. Rev. (AIRIS Louisville LLC Proj.), Ser. 1999-A, 5.50%, due 3/1/19
|
2,253
|
ß
|
|||||
|
10
|
Shelby Co. Lease Rev., Ser. 2004-A, (LOC: U.S. Bank), 0.24%, due 9/1/34
|
10
|
µ
|
|||||
|
2,263
|
||||||||
See Notes to Schedule of Investments
13
Schedule of Investments Intermediate Municipal Fund Inc.
(Unaudited) (cont’d)
|
PRINCIPAL AMOUNT
(000’s omitted)
|
SECURITY
|
VALUE†
(000’s omitted)z
|
|
||||
|
Louisiana (0.6%)
|
||||||||
|
$
|
1,500
|
Louisiana Local Gov’t Env. Fac. & Comm. (Westlake Chemical Corp.), Ser. 2010-A2, 6.50%, due 11/1/35
|
$
|
1,683
|
ß
|
|||
|
|
||||||||
|
Maine (0.8%)
|
||||||||
|
2,400
|
Maine St. Fin. Au. Solid Waste Disp. Rev. (Casella Waste Sys., Inc.), Ser. 2005, 6.25%, due 1/1/25 Putable 2/1/17
|
2,411
|
µß
|
|||||
|
|
||||||||
|
Maryland (1.2%)
|
||||||||
|
1,000
|
Maryland St. Hlth. & Higher Ed. Fac. Au. Rev. (Union Hosp. of Cecil Co.), Ser. 2002, 5.50%, due 7/1/14
|
1,008
|
ß
|
|||||
|
2,400
|
Prince Georges Co. Hsg. Au. Multifamily Rev. (Bristol Pines Apts. Proj.), Ser. 2005,
(Fannie Mae Insured), 4.85%, due 12/15/38 Putable 12/15/23
|
2,536
|
µß
|
|||||
|
|
||||||||
|
3,544
|
||||||||
|
Massachusetts (7.3%)
|
||||||||
|
3,555
|
Massachusetts St. Ed. Financing Au. Rev., Ser. 2011-J, 5.00%, due 7/1/23
|
3,894
|
||||||
|
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
|
1,913
|
||||||
|
5,000
|
Massachusetts St. HFA Hsg. Rev., Ser. 2010-C, 4.90%, due 12/1/25
|
5,220
|
||||||
|
1,375
|
Massachusetts St. HFA Hsg. Rev., Ser. 2010-C, 5.00%, due 12/1/30
|
1,442
|
||||||
|
1,025
|
Massachusetts St. Hlth. & Ed. Fac. Au. Rev. (Milford-Whitinsville Reg. Hosp.), Ser. 1998-C, 5.75%, due 7/15/13
|
1,027
|
ß
|
|||||
|
5,030
|
Massachusetts St. Wtr. Poll. Abatement Trust Rev. (MWRA Prog.), Ser. 2002-A, 5.25%, due 8/1/19
|
5,084
|
||||||
|
2,775
|
Massachusetts St. Wtr. Poll. Abatement Trust Rev. (Unrefunded Bal. Rev. Pool Prog.), Ser. 2001-7, 5.25%, due 2/1/16
|
2,784
|
||||||
|
|
||||||||
|
21,364
|
||||||||
|
Michigan (2.1%)
|
||||||||
|
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
|
1,409
|
||||||
|
2,000
|
Oakland Co. Econ. Dev. Corp. Ltd. Oblig. Rev. (Michigan Motion Picture Studios Proj. Rec. Zone), Ser. 2010-A, 7.00%, due 8/1/40
|
2,081
|
||||||
|
2,000
|
Summit Academy North Pub. Sch. Academy Ref. Rev., Ser. 2005, 5.25%, due 11/1/20
|
1,976
|
||||||
|
555
|
Summit Academy Pub. Sch. Academy Ref. Rev., Ser. 2005, 6.00%, due 11/1/15
|
563
|
||||||
|
6,029
|
||||||||
|
Minnesota (2.5%)
|
||||||||
|
2,000
|
Maple Grove Hlth. Care Sys. Rev. (Maple Grove Hosp. Corp.), Ser. 2007, 5.00%, due 5/1/17
|
2,220
|
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
|
2,515
|
ß
|
|||||
|
2,540
|
St. Paul Port Au. Lease Rev. (Office Bldg.), Ser. 2002, 5.00%, due 12/1/17
|
2,604
|
||||||
|
7,339
|
||||||||
|
Mississippi (1.7%)
|
||||||||
|
4,000
|
Mississippi Bus. Fin. Corp. Gulf Opportunity Zone Rev., Ser. 2009-A, 4.70%, due 5/1/24
|
4,397
|
ß
|
|||||
|
500
|
Mississippi Dev. Bank Spec. Oblig. (Wilkinson Co. Correctional), Ser. 2008-D, 5.00%, due 8/1/15
|
572
|
ß
|
|||||
|
4,969
|
||||||||
|
Missouri (5.7%)
|
||||||||
|
3,495
|
Bi State Dev. Agcy. Metro. Dist. Rev. (Metrolink Cross Co. Proj.), Ser. 2002-B, (AGM Insured), 5.25%, due 10/1/16
|
3,725
|
||||||
|
1,710
|
Boone Co. Hosp. Ref. Rev. (Christian Hlth. Svc. Dev.), Ser. 2002, 5.05%, due 8/1/20
|
1,717
|
ßØØ
|
|||||
See Notes to Schedule of Investments
14
Schedule of Investments Intermediate Municipal Fund Inc.
(Unaudited) (cont’d)
|
PRINCIPAL AMOUNT
(000’s omitted)
|
SECURITY
|
VALUE†
(000’s omitted)z
|
|
||||
|
$
|
2,425
|
Branson Dev. Fin. Board Infrastructure Fac. Board Rev., Ser. 2003-A, 5.00%, due 12/1/17 Pre-Refunded 12/1/12
|
$
|
2,493
|
||
|
570
|
Branson Ind. Dev. Au. Tax Increment Rev. (Branson Landing-Retail Proj.), Ser. 2005, 5.25%, due 6/1/21
|
544
|
||||
|
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
|
1,294
|
||||
|
750
|
Missouri St. Env. Imp. & Energy Res. Au. Wtr. PCR (Unrefunded Bal. Drinking Wtr.), Ser. 2002-B, 5.50%, due 7/1/16
|
774
|
||||
|
2,275
|
Missouri St. Hlth. & Ed. Fac. Au. Rev. (Children’s Mercy Hosp.), Ser. 2009, 5.13%, due 5/15/24
|
2,492
|
ß
|
|||
|
245
|
Missouri St. Hsg. Dev. Comm. Multi-Family Hsg. Rev., Ser. 2001-II, (FHA Insured), 5.25%, due 12/1/16
|
245
|
k
|
|||
|
110
|
Missouri St. Hsg. Dev. Comm. Multi-Family Hsg. Rev., Ser. 2001-III, (FHA Insured), 5.05%, due 12/1/15
|
110
|
||||
|
2,965
|
Missouri St. Univ. Auxiliary Enterprise Sys. Rev., Ser. 2007-A, (XLCA Insured), 5.00%, due 4/1/26
|
3,304
|
||||
|
16,698
|
||||||
|
Nevada (2.0%)
|
||||||
|
1,635
|
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 6.50%, due 6/15/17
|
1,794
|
||||
|
3,545
|
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23
|
4,011
|
||||
|
5,805
|
||||||
|
New Hampshire (1.0%)
|
||||||
|
2,600
|
New Hampshire Hlth. & Ed. Fac. Au. Rev. (Dartmouth-Hitchcock Clinic), Ser. 2009, 5.00%, due 8/1/19
|
2,825
|
ß
|
|||
|
New Jersey (3.3%)
|
||||||
|
2,450
|
New Jersey Econ. Dev. Au. Rev. (Continental Airlines Inc., Proj.), Ser. 1999, 6.40%, due 9/15/23
|
2,458
|
ß
|
|||
|
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
|
7,295
|
ß
|
|||
|
9,753
|
||||||
|
New York (7.5%)
|
||||||
|
465
|
Lyons Comm. Hlth. Initiatives Corp. Fac. Rev., Ser. 2004, 5.50%, due 9/1/14
|
488
|
||||
|
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
|
2,640
|
ß
|
|||
|
60
|
New York G.O., Ser. 2002-C, 5.50%, due 8/1/15 Pre-Refunded 2/1/13
|
62
|
||||
|
3,190
|
New York G.O. (Unrefunded Bal.), Ser. 2002-C, 5.50%, due 8/1/15
|
3,310
|
||||
|
1,100
|
New York Liberty Dev. Corp. Rev. (Nat’l Sports Museum Proj.), Ser. 2006-A, 6.13%, due 2/15/19
|
0
|
#‡
|
|||
|
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
|
1,776
|
||||
|
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
|
4,363
|
ß
|
|||
|
2,000
|
New York St. HFA Rev. (Affordable Hsg.), Ser. 2009-B, 4.85%, due 11/1/41
|
2,115
|
||||
|
2,000
|
New York St. Urban Dev. Corp. Rev., Ser. 2008-D, 5.25%, due 1/1/20
|
2,376
|
||||
|
1,435
|
Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.), Ser. 2012-A, 5.00%, due 5/1/23
|
1,596
|
Ø
|
|||
|
3,000
|
Tobacco Settlement Fin. Corp., Ser. 2003-B-1C, 5.50%, due 6/1/21
|
3,158
|
||||
|
21,884
|
||||||
|
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
|
5,866
|
||||
|
1,000
|
Oak Island Enterprise Sys. Rev., Ser. 2009, (Assured Guaranty Insured), 5.63%, due 6/1/24
|
1,152
|
||||
|
7,018
|
||||||
|
North Dakota (1.4%)
|
||||||
|
4,100
|
Fargo Hlth. Sys. Rev. (Meritcare Obligated Group), Ser. 2002-A, (AMBAC Insured), 5.63%, due 6/1/17 Pre-Refunded 6/1/12
|
4,116
|
ß
|
|||
See Notes to Schedule of Investments
15
Schedule of Investments Intermediate Municipal Fund Inc.
(Unaudited) (cont’d)
|
PRINCIPAL AMOUNT
(000’s omitted)
|
SECURITY
|
VALUE†
(000’s omitted)z
|
|
||||
|
Ohio (0.8%)
|
||||||
|
$
|
2,060
|
Cleveland Arpt. Sys. Rev. Ref., Ser. 2012-A, 5.00%, due 1/1/27
|
$
|
2,229
|
||
|
Pennsylvania (5.9%)
|
||||||
|
565
|
Delaware River Joint Toll Bridge Comm. Sys. Rev., Ser. 2003, 5.25%, due 7/1/18 Pre-Refunded 7/1/13
|
598
|
||||
|
435
|
Delaware River Joint Toll Bridge Comm. Sys. Rev. (Unrefunded Bal.), Ser. 2003, 5.25%, due 7/1/18
|
450
|
||||
|
2,000
|
Lancaster Co. Hosp. Au. Rev. (Brethren Village Proj.), Ser. 2008-A, 6.10%, due 7/1/22
|
2,129
|
ß
|
|||
|
5,000
|
Montgomery Co. Higher Ed. & Hlth. Au. Hosp. Rev. (Abington Mem. Hosp. Proj.), Ser. 2002-A, 5.00%, due 6/1/19
|
5,065
|
ß
|
|||
|
3,430
|
Norristown Area Sch. Dist. Cert. of Participation (Installment Purchase), Ser. 2012, 4.50%, due 4/1/27
|
3,382
|
||||
|
2,625
|
Pennsylvania Econ. Dev. Fin. Au. Exempt Facs. Rev. Ref. (Amtrak Proj.), Ser. 2012-A, 5.00%, due 11/1/24
|
2,949
|
ß
|
|||
|
1,000
|
Pennsylvania St. Turnpike Commission Turnpike Rev. (Cap. Appreciation), Subser. 2010-B2, 0.00%, due 12/1/34
|
921
|
b
|
|||
|
275
|
Philadelphia Au. For Ind. Dev. Rev. (Discovery Charter Sch. Proj.), Ser. 2012, 4.00%, due 4/1/17
|
276
|
ß
|
|||
|
895
|
Philadelphia Au. For Ind. Dev. Rev. (Discovery Charter Sch. Proj.), Ser. 2012, 5.00%, due 4/1/22
|
905
|
ß
|
|||
|
415
|
Philadelphia Au. For Ind. Dev. Rev. (Discovery Charter Sch. Proj.), Ser. 2012, 5.50%, due 4/1/27
|
419
|
ß
|
|||
|
17,094
|
||||||
|
Puerto Rico (4.9%)
|
||||||
|
6,000
|
Puerto Rico Commonwealth Aqueduct & Swr. Au. Sr. Lien Rev., Ser. 2012-A, 4.25%, due 7/1/25
|
5,928
|
||||
|
7,000
|
Puerto Rico Commonwealth G.O. Ref. (Pub. Imp.), Ser. 2012-A, 5.50%, due 7/1/26
|
7,554
|
||||
|
750
|
Puerto Rico Elec. Pwr. Au. Pwr. Rev., Ser. 2010-XX, 5.25%, due 7/1/35
|
770
|
||||
|
14,252
|
||||||
|
South Carolina (0.8%)
|
||||||
|
2,140
|
Mt. Pleasant Town Waterworks & Swr. Sys. Ref. & Imp. Rev., Ser. 2002,
|
2,195
|
||||
|
(National Public Finance Guarantee Corp. Insured), 5.25%, due 12/1/17
|
||||||
|
Tennessee (2.9%)
|
||||||
|
1,655
|
Knox Co. Hlth. Ed. & Hsg. Fac. Board Hosp. Fac. Rev., Ser. 2002-A, (AGM Insured),
|
1,712
|
||||
|
5.50%, due 1/1/18 Pre-Refunded 1/1/13
|
||||||
|
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
|
1,380
|
||||
|
2,705
|
Memphis-Shelby Co. Arpt. Au. Arpt. Rev., Ser. 2010-B, 5.50%, due 7/1/19
|
3,195
|
||||
|
2,000
|
Tennessee St. Energy Acquisition Corp. Gas Rev., Ser. 2006-A, 5.25%, due 9/1/23
|
2,212
|
||||
|
8,499
|
||||||
|
Texas (12.1%)
|
||||||
|
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
|
3,849
|
ß
|
|||
|
3,600
|
Corpus Christi Tax & Muni. Hotel Occupancy Tax G.O., Ser. 2002, (AGM Insured), 5.50%, due 9/1/17
|
3,660
|
||||
|
1,935
|
Dallas-Fort Worth Int’l Arpt. Imp. Rev., Ser. 2004-B, (AGM Insured), 5.50%, due 11/1/18
|
2,107
|
||||
|
2,300
|
Harris Co. Perm. Imp. Ref. G.O., Ser. 2008-B, 5.00%, due 10/1/19 Pre-Refunded 10/1/18
|
2,857
|
||||
|
2,900
|
Harris Co. Toll Road Sr. Lien Rev., Ser. 2008-B, 5.00%, due 8/15/33
|
3,118
|
||||
|
2,210
|
Harris Co. Toll Road Sr. Lien Rev. (Unrefunded Bal.), Ser. 2002, (AGM Insured), 5.38%, due 8/15/16 Pre-Refunded 8/15/12
|
2,243
|
||||
|
610
|
HFDC Ctr. Texas, Inc. Retirement Fac. Rev., Ser. 2006-A, 5.25%, due 11/1/15
|
616
|
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
|
3,237
|
||||
|
650
|
Houston Higher Ed. Fin. Corp. Rev. (Cosmos Foundation), Ser. 2012-A, 4.00%, due 2/15/22
|
650
|
ßØ
|
|||
|
1,000
|
Houston Higher Ed. Fin. Corp. Rev. (Cosmos Foundation), Ser. 2012-A, 5.00%, due 2/15/32
|
1,020
|
ßØ
|
|||
|
1,000
|
Houston Pub. Imp. Ref. G.O., Ser. 2008-A, 5.00%, due 3/1/20
|
1,185
|
||||
|
3,000
|
North Texas Tollway Au. Dallas North Tollway Sys. Rev., Ser. 2005-C, 6.00%, due 1/1/23
|
3,572
|
||||
|
950
|
Northwest Texas Independent Sch. Dist. Sch. Bldg., Ser. 2002, (PSF Insured), 5.50%, due 8/15/17 Pre-Refunded 2/15/13
|
989
|
||||
|
|
||||||
See Notes to Schedule of Investments
16
Schedule of Investments Intermediate Municipal Fund Inc.
(Unaudited) (cont’d)
|
PRINCIPAL AMOUNT
(000’s omitted)
|
SECURITY
|
VALUE†
(000’s omitted)z
|
|
||||
|
$
|
50
|
Northwest Texas Independent Sch. Dist. Sch. Bldg. (Unrefunded Bal.), Ser. 2002, (PSF Insured), 5.50%, due 8/15/17
|
$
|
52
|
||
|
500
|
San Leanna Ed. Fac. Corp. Higher Ed. Ref. Rev., (St. Edwards Univ. Proj.), Ser. 2007, 5.00%, due 6/1/19
|
552
|
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
|
926
|
||||
|
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
|
1,008
|
||||
|
85
|
Texas Std. Hsg. Corp. Std. Hsg. Rev. (Midwestern St. Univ. Proj.), Ser. 2002, 5.50%, due 9/1/12
|
86
|
||||
|
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
|
1,039
|
||||
|
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
|
1,276
|
||||
|
35,178
|
||||||
|
Utah (2.2%)
|
||||||
|
3,000
|
Salt Lake Co. Hosp. Rev. (IHC Hlth. Svc., Inc.), Ser. 2001, (AMBAC Insured), 5.40%, due 2/15/28
|
3,465
|
ß
|
|||
|
1,200
|
Uintah Co. Muni. Bldg. Au. Lease Rev., Ser. 2008, 5.25%, due 6/1/20
|
1,357
|
||||
|
500
|
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.00%, due 7/1/20
|
527
|
||||
|
450
|
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.25%, due 7/1/21
|
480
|
||||
|
650
|
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.45%, due 7/1/22
|
692
|
||||
|
6,521
|
||||||
|
Virginia (1.1%)
|
||||||
|
2,620
|
Peninsula Ports Au. Res. Care Fac. Ref. Rev. (VA Baptist Homes), Ser. 2006-C, 5.25%, due 12/1/21
|
2,089
|
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
|
1,026
|
ß
|
|||
|
|
||||||
|
3,115
|
||||||
|
Washington (5.7%)
|
||||||
|
6,250
|
Port of Seattle Sub. Lien Rev., Ser. 2002-B, (National Public Finance Guarantee Corp. Insured), 5.50%, due 9/1/16 Pre-Refunded 9/1/12
|
6,351
|
||||
|
1,600
|
Skagit Co. Pub. Hosp. Dist. Number 1 Ref. Rev., Ser. 2007, 5.63%, due 12/1/25
|
1,745
|
||||
|
1,000
|
Skagit Co. Pub. Hosp. Dist. Number 1 Ref. Rev., Ser. 2003, 6.00%, due 12/1/23
|
1,038
|
||||
|
1,625
|
Skagit Co. Pub. Hosp. Dist. Number 1 Ref. Rev., Ser. 2003, 6.00%, due 12/1/18
|
1,708
|
ØØ
|
|||
|
2,525
|
Washington St. Higher Ed. Fac. Au. Ref. Rev. (Whitworth Univ. Proj.), Ser. 2009, 5.38%, due 10/1/29
|
2,719
|
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
|
3,147
|
ß
|
|||
|
16,708
|
||||||
|
West Virginia (0.4%)
|
||||||
|
1,000
|
West Virginia Sch. Bldg. Au. Excess Lottery Rev., Ser. 2008, 5.00%, due 7/1/19
|
1,203
|
||||
|
Wisconsin (4.4%)
|
||||||
|
595
|
Badger Tobacco Asset Securitization Corp. Tobacco Settlement Asset-Backed Rev., Ser. 2002, 6.13%, due 6/1/27 Pre-Refunded 6/1/12
|
598
|
||||
|
1,100
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College), Ser. 2010-A, 6.13%, due 6/1/35
|
1,180
|
ß
|
|||
|
1,225
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College), Ser. 2010-A, 6.13%, due 6/1/39
|
1,310
|
ß
|
|||
|
1,000
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Franciscan Sisters Hlth. Care), Ser. 2007, 5.00%, due 9/1/14
|
1,079
|
ß
|
|||
|
5,000
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Marquette Univ.), Ser. 2008-B3, 5.00%, due 10/1/30
|
5,463
|
ß
|
|||
|
3,000
|
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Meriter Hosp., Inc.), Ser. 2009, 5.63%, due 12/1/29
|
3,297
|
ß
|
|||
|
12,927
|
||||||
See Notes to Schedule of Investments
17
(Unaudited) (cont’d)
|
PRINCIPAL AMOUNT
(000’s omitted)
|
SECURITY
|
VALUE†
(000’s omitted)z
|
|
||||
|
Wyoming (1.7%)
|
|||||||
|
$
|
4,895
|
Wyoming Comm. Dev. Au. Hsg. Rev., Ser. 2006-6, 5.00%, due 12/1/21
|
$
|
5,013
|
|||
|
Other (0.8%)
|
|||||||
|
3,000
|
Non-Profit Pfd. Fdg. Trust I, Ser. 2006-C, 4.72%, due 9/15/37
|
2,383
|
#
|
||||
|
Total Investments (160.9%) (Cost $443,964)
|
469,014
|
##
|
|||||
|
Cash, receivables and other assets, less liabilities (0.6%)
|
1,838
|
||||||
|
Liquidation Value of Auction Market Preferred Shares [(61.5%)]
|
(179,400
|
)
|
|||||
|
Total Net Assets Applicable to Common Shareholders (100.0%)
|
$
|
291,452
|
|||||
See Notes to Schedule of Investments
18
Schedule of Investments New York Intermediate Municipal Fund Inc.
(Unaudited)
|
PRINCIPAL AMOUNT
(000’s omitted)
|
SECURITY
|
VALUE†
(000’s omitted)z
|
|
||||
|
Municipal Notes (165.0%)
|
||||||
|
Arizona (0.7%)
|
||||||
|
$
|
500
|
Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2003, 6.15%, due 7/15/17
|
$
|
498
|
||
|
California (4.6%)
|
||||||
|
3,115
|
Corona-Norca Unified Sch. Dist. G.O. Cap. Appreciation (Election 2006), Ser. 2009-C, (AGM Insured), 0.00%, due 8/1/24
|
1,852
|
||||
|
1,470
|
Pico Rivera Pub. Fin. Au. Lease Rev., Ser. 2009, 4.75%, due 9/1/25
|
1,606
|
||||
|
3,458
|
||||||
|
Guam (3.7%)
|
||||||
|
500
|
Guam Gov’t Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2005, 5.50%, due 7/1/16
|
528
|
||||
|
1,000
|
Guam Gov’t Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25
|
1,012
|
||||
|
1,135
|
Guam Gov’t Hotel Occupancy Tax Rev., Ser. 2011-A, 5.50%, due 11/1/19
|
1,281
|
||||
|
2,821
|
||||||
|
Illinois (1.0%)
|
||||||
|
715
|
Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17
|
727
|
||||
|
Massachusetts (1.4%)
|
||||||
|
1,000
|
Massachusetts St. HFA Hsg. Rev., Ser. 2010-C, 5.00%, due 12/1/30
|
1,049
|
||||
|
Nevada (1.5%)
|
||||||
|
1,000
|
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23
|
1,131
|
||||
|
New York (136.4%)
|
||||||
|
3,000
|
Albany IDA Civic Fac. Rev. (Charitable Leadership Foundation Ctr. for Med. Science Proj.), Ser. 2002-A, 6.00%, due 7/1/19
|
1,777
|
Ñ߇
|
|||
|
500
|
Cattaraugus Co. IDA Civic Fac. Rev. (St. Bonaventure Univ. Proj.), Ser. 2006-A, 5.00%, due 5/1/23
|
517
|
ß
|
|||
|
1,000
|
Dutchess Co. IDA Civic Fac. Ref. Rev. (Marist College Proj.), Ser. 2003-A, 5.15%, due 7/1/17
|
1,016
|
ß
|
|||
|
1,000
|
Dutchess Co. Local Dev. Corp. Rev. (Marist College Proj.), Ser. 2012-A, 5.00%, due 7/1/21
|
1,188
|
Ø
|
|||
|
1,000
|
Erie Co. IDA Sch. Fac. Rev. (Buffalo City Sch. Dist.), Ser. 2009-A, 5.25%, due 5/1/25
|
1,151
|
||||
|
1,500
|
Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2009, 5.75%, due 7/1/23
|
1,713
|
ß
|
|||
|
1,050
|
Long Island Pwr. Au. Elec. Sys. Gen. Rev., Ser. 2006-E, (BHAC Insured), 5.00%, due 12/1/21
|
1,184
|
||||
|
535
|
Lyons Comm. Hlth. Initiatives Corp. Fac. Rev., Ser. 2004, 5.50%, due 9/1/14
|
562
|
||||
|
1,000
|
Monroe Co. IDA Civic Fac. Rev. (Highland Hosp. of Rochester), Ser. 2005, 5.00%, due 8/1/15
|
1,092
|
ßØØ
|
|||
|
980
|
Monroe Co. IDA Std. Hsg. Rev. (Collegiate Hsg. Foundation—Rochester Institute of Technology Proj.), Ser. 1999-A, 5.25%, due 4/1/19
|
980
|
ß
|
|||
|
1,000
|
Monroe Co. Newpower Corp. Pwr. Fac. Rev., Ser. 2003, 5.10%, due 1/1/16
|
1,027
|
||||
|
1,000
|
Monroe Co. Pub. Imp. Ref. G.O., Ser. 1996, 6.00%, due 3/1/13
|
1,042
|
||||
|
1,000
|
Nassau Co. IDA Civic Fac. Rev. (Cold Spring Harbor Laboratory), Ser. 2008, (LOC: JP Morgan Chase), 0.23%, due 1/1/42
|
1,000
|
µß
|
|||
|
200
|
Nassau Co. IDA Civic Fac. Rev. Ref. & Impt. (Cold Spring Harbor Laboratory), Ser. 1999, (LOC: TD Bank N.A.), 0.23%, due 1/1/34
|
200
|
µß
|
|||
|
1,125
|
Nassau Co. IDA Continuing Care Retirement (The Amsterdam Harborside), Ser. 2007-A, 5.88%, due 1/1/18
|
994
|
ß
|
|||
|
30
|
New York City G.O., Ser. 2002-A, 5.75%, due 8/1/16 Pre-Refunded 8/1/12
|
30
|
||||
|
970
|
New York City G.O., Ser. 2002-A, 5.75%, due 8/1/16
|
983
|
||||
|
100
|
New York City G.O., Ser. 2006-I3, (LOC: Bank of America), 0.25%, due 4/1/36
|
100
|
µ
|
|||
|
950
|
New York City G.O., Ser. 2009-B, 5.00%, due 8/1/22
|
1,122
|
||||
|
1,000
|
New York City G.O., Ser. 2009-E, 5.00%, due 8/1/21
|
1,192
|
||||
|
4,000
|
New York City Hsg. Dev. Corp. Multi-Family Hsg. Rev., Ser. 2002-E2, 5.05%, due 11/1/23
|
4,016
|
||||
See Notes to Schedule of Investments
19
Schedule of Investments New York Intermediate Municipal Fund Inc.
(Unaudited) (cont’d)
|
PRINCIPAL AMOUNT
(000’s omitted)
|
SECURITY
|
VALUE†
(000’s omitted)z
|
|
||||
|
$
|
1,000
|
New York City IDA Civic Fac. Rev. (Lycee Francais de New York Proj.), Ser. 2002-A, (ACA Insured),
5.50%, due 6/1/15
|
$
|
1,027
|
ß
|
|
|
1,030
|
New York City IDA Civic Fac. Rev. (Lycee Francais de New York Proj.), Ser. 2002-A, (ACA Insured),
5.50%, due 6/1/17
|
1,051
|
ß
|
|||
|
2,920
|
New York City IDA Civic Fac. Rev. (Packer Collegiate Institute Proj.), Ser. 2002, (AMBAC Insured),
5.00%, due 6/1/22
|
2,926
|
ß
|
|||
|
2,000
|
New York City IDA Spec. Fac. Rev. (Term. One Group Assoc. Proj.), Ser. 2005, 5.50%, due 1/1/19 Putable 1/1/16
|
2,154
|
µß
|
|||
|
960
|
New York City Muni. Wtr. Fin. Au. Wtr. & Swr. Sys. Rev., Ser. 1992-A, (AMBAC Insured), 5.88%, due 6/15/13
|
1,020
|
||||
|
800
|
New York City Muni. Wtr. Fin. Au. Wtr. & Swr. Sys. Rev. (Second Gen. Resolution Rev. Bonds),
Ser. 2006-CC2, (LOC: Bank of Nova Scotia), 0.27%, due 6/15/38
|
800
|
µ
|
|||
|
2,000
|
New York City Transitional Fin. Au. (Future Tax Secured), Subser. 2002-C2,
(LOC: Landesbank Hessen-Thueringen Girozentrale), 0.24%, due 8/1/31
|
2,000
|
µ
|
|||
|
2,025
|
New York City Transitional Fin. Au. Rev. (Future Tax Secured), Ser. 2002-C, (AMBAC Insured),
5.25%, due 8/1/17 Pre-Refunded 8/1/12
|
2,050
|
||||
|
840
|
New York City Transitional Fin. Au. Rev. (NYC Rec.), Ser 2002-1D,
(LOC: Landesbank Hessen-Thueringen Girozentrale), 0.24%, due 11/1/22
|
840
|
µ
|
|||
|
1,360
|
New York City Transitional Fin. Au. Rev. (NYC Rec.), Ser 2002-3B, (LOC: Wells Fargo Bank N.A.),
0.23%, due 11/1/22
|
1,360
|
µ
|
|||
|
1,000
|
New York City Transitional Fin. Au. Rev. (NYC Rec.), Ser. 2002-1C, (LOC: JP Morgan Chase),
0.27%, due 11/1/22
|
1,000
|
µ
|
|||
|
660
|
New York Liberty Dev. Corp. Rev. (Nat’l Sports Museum Proj.), Ser. 2006-A, 6.13%, due 2/15/19
|
0
|
#‡
|
|||
|
2,000
|
New York St. Dorm. Au. Court Fac. Lease Rev. (New York City Issue), Ser. 2003-A, 5.50%, due 5/15/17 Pre-Refunded 5/15/13
|
2,109
|
||||
|
1,675
|
New York St. Dorm. Au. Insured Rev. (Long Island Univ.), Ser. 2003-A, (Radian Insured), 5.25%, due 9/1/15
|
1,690
|
ß
|
|||
|
1,600
|
New York St. Dorm. Au. Insured Rev. (The Culinary Institute of America), Ser. 1999,
(National Public Finance Guarantee Corp. Insured), 5.38%, due 7/1/15
|
1,607
|
ß
|
|||
|
3,000
|
New York St. Dorm. Au. Ref. Rev. (North Gen. Hosp. Proj.), Ser. 2003, 5.75%, due 2/15/17
|
3,111
|
ß
|
|||
|
250
|
New York St. Dorm. Au. Rev. (Brookdale Hosp. Med. Ctr.), Ser. 1998-J, 5.20%, due 2/15/16
|
251
|
ß
|
|||
|
1,125
|
New York St. Dorm. Au. Rev. (City Univ. Sys. Proj.), Ser. 1995-A, 5.63%, due 7/1/16
|
1,276
|
||||
|
1,980
|
New York St. Dorm. Au. Rev. (New York Med. College Proj.), Ser. 1998,
(National Public Finance Guarantee Corp. Insured), 5.00%, due 7/1/21
|
1,982
|
ß
|
|||
|
500
|
New York St. Dorm. Au. Rev. (North Shore-Long Island Jewish Oblig. Group), Ser. 2003, 5.00%, due 5/1/18
|
518
|
ß
|
|||
|
2,855
|
New York St. Dorm. Au. Rev. (Rivington House Hlth. Care Fac.), Ser. 2002, (SONYMA Insured),
5.25%, due 11/1/15
|
3,042
|
ß
|
|||
|
2,410
|
New York St. Dorm. Au. Rev. (Rochester Institute of Technology Proj.), Ser. 2002-A, (AMBAC Insured), 5.25%,
due 7/1/19 Pre-Refunded 7/1/12
|
2,430
|
ß
|
|||
|
1,000
|
New York St. Dorm. Au. Rev. (Sch. Dist. Financing Proj.), Ser. 2002-A,
(National Public Finance Guarantee Corp. Insured), 5.75%, due 10/1/17
|
1,021
|
||||
|
2,445
|
New York St. Dorm. Au. Rev. (SS Joachim & Anne Residence Proj.), Ser. 2002, (LOC: Allied Irish Banks), 4.60%, due 7/1/16
|
2,447
|
ß
|
|||
|
500
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Manhattan Marymount College), Ser. 2009, 5.00%, due 7/1/24
|
537
|
ß
|
|||
|
900
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Montefiore Med. Ctr.), Ser. 2008, (FHA Insured), 5.00%, due 8/1/21
|
1,026
|
ß
|
|||
|
1,595
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Mount Sinai Sch. of Medicine), Ser. 2009,
5.25%, due 7/1/24
|
1,789
|
ß
|
|||
|
2,000
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (North Shore-Long Island Jewish Oblig. Group),
Ser. 2011-A, 4.38%, due 5/1/26
|
2,115
|
ß
|
|||
|
1,000
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (NYU Hosp. Ctr.), Ser. 2006-A, 5.00%, due 7/1/20
|
1,102
|
ß
|
|||
|
975
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (NYU Hosp. Ctr.), Ser. 2007-B, 5.25%, due 7/1/24
|
1,069
|
ß
|
|||
|
2,000
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (St. John’s Univ.), Ser. 2007-C,
|
2,379
|
ß
|
|||
|
(National Public Finance Guarantee Corp. Insured), 5.25%, due 7/1/19
|
||||||
|
2,600
|
New York St. Dorm. Au. Rev. St. Personal Income Tax Rev., Ser. 2003-A, 5.38%, due 3/15/17 Pre-Refunded 3/15/13
|
2,716
|
||||
|
1,615
|
New York St. HFA Rev. (Affordable Hsg.), Ser. 2009-B, 4.50%, due 11/1/29
|
1,693
|
||||
|
1,230
|
New York St. Muni. Bond Bank Agcy., Subser. 2009-B1, 5.00%, due 12/15/23
|
1,392
|
||||
See Notes to Schedule of Investments
20
Schedule of Investments New York Intermediate Municipal Fund Inc.
(Unaudited) (cont’d)
|
PRINCIPAL AMOUNT
(000’s omitted)
|
SECURITY
|
VALUE†
(000’s omitted)z
|
|
||||
|
$
|
1,295
|
New York St. Muni. Bond Bank Agcy., Subser. 2009-B1, 5.00%, due 12/15/24
|
$
|
1,467
|
||
|
1,475
|
New York St. Thruway Au. Second Gen. Hwy. & Bridge Trust Fund Bonds, Ser. 2007-B, 5.00%, due 4/1/20
|
1,705
|
||||
|
1,090
|
New York St. Thruway Au. Second Gen. Hwy. & Bridge Trust Fund Bonds, Ser. 2009-B, 5.00%, due 4/1/19
|
1,329
|
||||
|
1,250
|
New York St. Urban Dev. Corp. Ref. Rev., Ser. 2008-D, 5.25%, due 1/1/20
|
1,485
|
||||
|
965
|
New York St. Urban Dev. Corp. Rev. (St. Personal Income Tax), Ser. 2008-A1, 5.00%, due 12/15/23
|
1,157
|
||||
|
1,375
|
New York Tobacco Settlement Fin. Corp., Ser. 2003-B1C, 5.50%, due 6/1/22
|
1,447
|
||||
|
640
|
Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.), Ser. 2012-A, 5.00%, due 5/1/25
|
698
|
Ø
|
|||
|
300
|
Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.), Ser. 2012-A, 5.00%, due 5/1/26
|
325
|
Ø
|
|||
|
1,715
|
Niagara Co. IDA Civic Fac. Rev. (Niagara Univ. Proj.), Ser. 2001-A, (Radian Insured), 5.50%, due 11/1/16
|
1,737
|
ß
|
|||
|
1,000
|
Onondaga Co. Trust Cultural Res. Rev. (Syracuse Univ. Proj.), Ser. 2010-B, 5.00%, due 12/1/19
|
1,192
|
ß
|
|||
|
3,000
|
Port Au. of NY & NJ Rev. Consolidated Bonds, Ser. 2002, (AMBAC Insured), 5.50%, due 12/15/12
|
3,048
|
||||
|
1,000
|
Saratoga Co. IDA Civic Fac. Rev. (Saratoga Hosp. Proj.), Ser. 2007-B, 5.00%, due 12/1/22
|
1,091
|
ß
|
|||
|
1,575
|
Syracuse IDA Civic Fac. Rev. (Syracuse Univ. Proj.), Ser. 2008-A2, (LOC: JP Morgan Chase), 0.24%, due 12/1/37
|
1,575
|
µß
|
|||
|
1,570
|
Triborough Bridge & Tunnel Au. Oblig., Ser. 1998-A, (National Public Finance Guarantee Corp. Insured), 4.75%, due 1/1/24
|
1,690
|
||||
|
2,000
|
Triborough Bridge & Tunnel Au. Rev., Subser. 2008-D, 5.00%, due 11/15/23
|
2,309
|
||||
|
1,535
|
Ulster Co. Res. Rec. Agcy. Solid Waste Sys. Ref. Rev., Ser. 2002, (AMBAC Insured), 5.25%, due 3/1/16
|
1,582
|
||||
|
1,405
|
United Nations Dev. Corp. Rev., Ser. 2009-A, 5.00%, due 7/1/22
|
1,622
|
||||
|
1,000
|
Westchester Co. IDA Continuing Care Retirement Comm. Rev. (Kendal on Hudson Proj.),
|
1,004
|
µß
|
|||
|
Ser. 2003-B, 6.50%, due 1/1/34 Putable 1/1/13
|
||||||
|
102,879
|
||||||
|
Pennsylvania (2.4%)
|
||||||
|
2,000
|
Pennsylvania St. Turnpike Commission Turnpike Rev. (Cap. Appreciation), Subser. 2010-B2, 0.00%, due 12/1/34
|
1,842
|
bØØ
|
|||
|
|
||||||
|
Puerto Rico (10.2%)
|
||||||
|
2,000
|
Puerto Rico Commonwealth Aqueduct & Swr. Au. Sr. Lien Rev., Ser. 2012-A, 4.25%, due 7/1/25
|
1,976
|
||||
|
1,500
|
Puerto Rico Commonwealth Gov’t Dev. Bank, Ser. 1985,
(National Public Finance Guarantee Corp. Insured), 4.75%, due 12/1/15
|
1,539
|
||||
|
1,050
|
Puerto Rico Commonwealth Ref. G.O. (Pub. Imp.), Ser. 2001-A, (XLCA Insured), 5.50%, due 7/1/17
|
1,188
|
||||
|
750
|
Puerto Rico Elec. Pwr. Au. Pwr. Rev., Ser. 2010-XX, 5.25%, due 7/1/35
|
770
|
||||
|
1,060
|
Puerto Rico Ind. Tourist Ed. Med. & Env. Ctrl. Fac. Rev. (Polytechnic Univ. of Puerto Rico Proj.),
Ser. 2002-A, (ACA Insured), 5.25%, due 8/1/16
|
1,066
|
ß
|
|||
|
1,000
|
Puerto Rico Sales Tax Fin. Corp. Sales Tax Rev., Subser. 2009-A, 5.00%, due 8/1/24
|
1,118
|
||||
|
7,657
|
||||||
|
Tennessee (0.7%)
|
||||||
|
500
|
Tennessee St. Energy Acquisition Corp. Gas Rev., Ser. 2006-A, 5.25%, due 9/1/23
|
553
|
||||
|
Texas (2.4%)
|
||||||
|
1,750
|
Love Field Arpt. Modernization Corp. Spec. Fac. Rev. (Southwest Airlines Co. Proj.), Ser. 2010, 5.25%, due 11/1/40
|
1,807
|
ß
|
|||
|
Total Investments (165.0%) (Cost $121,124)
|
124,422
|
##
|
||||
|
Liabilities, less cash, receivables and other assets [(1.0%)]
|
(752
|
)
|
||||
|
Liquidation Value of Auction Market Preferred Shares [(64.0%)]
|
(48,250
|
)
|
||||
|
Total Net Assets Applicable to Common Shareholders (100.0%)
|
$
|
75,420
|
||||
See Notes to Schedule of Investments
21
Notes to Schedule of Investments (Unaudited)
|
†
|
In accordance with Accounting Standards Codification (“ASC”) 820 “Fair Value Measurements and Disclosures” (“ASC 820”), all investments held by each of 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”) (each individually a “Fund” and collectively, the “Funds”) are carried at the value that Neuberger Berman Management LLC (“Management”) believes 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 valuing the Funds’ investments, some of which are discussed below. Significant management judgment may be necessary to value investments in accordance with ASC 820.
|
|
ASC 820 established a three-tier hierarchy of inputs to create a classification of 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 a Fund’s 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 value of the Funds’ investments in municipal securities is determined by 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 various 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 (generally Level 2 inputs). Other Level 2 inputs used by an independent pricing service to value municipal securities include current trades, bid-wanted lists (which informs the market that a holder is interested in selling a position and that offers will be considered), offerings, general information on market movement, direction, trends, and specific data on specialty issues.
|
|
|
Management has developed a process to periodically review information provided by independent pricing services for all types of securities.
|
|
|
If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount a Fund might reasonably expect to receive on a current sale in an orderly transaction, the applicable Fund seeks to obtain quotations from principal market makers (generally considered Level 3 inputs). 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 based on Level 2 or 3 inputs, 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.
|
See Notes to Financial Statements
22
Notes to Schedule of Investments (Unaudited) (cont’d)
The following is a summary, categorized by Level, of inputs used to value the Funds’ investments as of April 30, 2012:
|
Asset Valuation Inputs
(000’s omitted)
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
|
California
|
||||||||||||||||
|
Investments:
|
||||||||||||||||
|
Municipal Notes^
|
$
|
—
|
$
|
145,505
|
$
|
—
|
$
|
145,505
|
||||||||
|
Total Investments
|
—
|
145,505
|
—
|
145,505
|
||||||||||||
|
Intermediate
|
||||||||||||||||
|
Investments:
|
||||||||||||||||
|
Municipal Notes^
|
—
|
469,014
|
—
|
469,014
|
||||||||||||
|
Total Investments
|
—
|
469,014
|
—
|
469,014
|
||||||||||||
|
New York
|
||||||||||||||||
|
Investments:
|
||||||||||||||||
|
Municipal Notes^
|
—
|
124,422
|
—
|
124,422
|
||||||||||||
|
Total Investments
|
—
|
124,422
|
—
|
124,422
|
||||||||||||
|
^
|
The Schedule of Investments provides information on the state categorization for the portfolio.
|
|
The Funds had no transfers between Levels 1 and 2 during the six months ended April 30, 2012.
|
|
|
##
|
At April 30, 2012, 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
|
$
|
139,632
|
$
|
6,642
|
$
|
769
|
$
|
5,873
|
|||||
|
Intermediate
|
443,970
|
||||||||||||