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.
Annual Report
October 31, 2013
Contents
PRESIDENT'S LETTER |
1 |
PORTFOLIO COMMENTARIES
California Intermediate Municipal Fund Inc. |
2 |
||||||
Intermediate Municipal Fund Inc. |
2 |
||||||
New York Intermediate Municipal Fund Inc. |
2 |
SCHEDULES OF INVESTMENTS
California Intermediate Municipal Fund Inc. |
6 |
||||||
Intermediate Municipal Fund Inc. |
10 |
||||||
New York Intermediate Municipal Fund Inc. |
18 |
||||||
FINANCIAL STATEMENTS |
25 |
FINANCIAL HIGHLIGHTS/PER SHARE DATA
California Intermediate Municipal Fund Inc. |
36 |
||||||
Intermediate Municipal Fund Inc. |
37 |
||||||
New York Intermediate Municipal Fund Inc. |
38 |
||||||
Report of Independent Registered Public Accounting Firm |
40 |
||||||
Distribution Reinvestment Plan for each Fund |
41 |
||||||
Directory |
44 |
||||||
Directors and Officers |
45 |
||||||
Proxy Voting Policies and Procedures |
53 |
||||||
Quarterly Portfolio Schedule |
53 |
||||||
Notice to Shareholders |
53 |
||||||
Report of Votes of Shareholders |
54 |
||||||
Board Consideration of the Management and Sub-Advisory Agreements |
55 |
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. ©2013 Neuberger Berman Management LLC. All rights reserved.
President's Letter
Dear Shareholder,
I am pleased to present this annual report for the Neuberger Berman Intermediate Municipal Closed-End Funds for the 12 months ended October 31, 2013. The report includes portfolio commentaries, listings of the Funds' investments and their audited 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 maintain a conservative investment philosophy and disciplined investment process in an effort to provide you with superior tax-exempt current income over the long term with less volatility and risk.
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 (Unaudited)
For the 12 months ended October 31, 2013, on a net asset value (NAV) basis, all three of the Neuberger Berman Intermediate Municipal Closed-End Funds posted negative returns and underperformed their benchmark, the Barclays 10-Year Municipal Bond Index. The California Intermediate Municipal Fund, Intermediate Municipal Fund and New York Intermediate Municipal Fund posted -3.65%, -3.59% and -3.50% total returns, respectively, whereas the benchmark generated a -0.81% return. The use of leverage (typically a performance enhancer in up markets and a detractor during market retreats) detracted from performance given the weakness in the municipal market during the reporting period.
The municipal market was volatile at times during the 12-month period. This was triggered by a number of factors, including uncertainties surrounding the tax-favored status of municipal bonds amid the fiscal cliff negotiations, expectations for shifting Federal Reserve (the Fed) monetary policy and rising Treasury yields. Investor sentiment was also challenged given concerns regarding the potential fallout from Detroit's bankruptcy. However, the municipal market rallied sharply following the Fed's decision to not begin tapering its asset purchases, which was announced after its September 18, 2013 meeting. All told, the overall municipal market posted a negative return for the reporting period.
Based on the steepness of the municipal yield curve and our desire to increase income, we maintained long durations for the Funds during the period. Overall, having durations that were longer than the index detracted from performance as rates moved higher. 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. Given the outperformance of the intermediate portion of the curve, the Funds' barbell approach detracted from relative results.
The Funds maintained a lower quality bias than that of the benchmark as we sought to generate incremental yield. This was a negative for results given the underperformance of lower-quality bonds during the reporting period. In addition, having on overweight to Puerto Rico was not rewarded as it generated weak results.
From a security selection perspective, we opportunistically purchased a number of municipal bonds we believed to be attractively valued for the Funds during the summer sell-off. This was additive for results as the municipal market rallied in September and October of 2013.
We have a fairly positive outlook for the municipal market. The municipal yield curve is steep from a historical perspective. In addition, as the economy has been gaining some traction, we believe the trend of rising state tax revenues could remain in place, helping to strengthen state balance sheets. Should the real estate market show further improvement, local tax revenues, which have been challenged, could increase as well. We are also cautiously optimistic for the technical backdrop (supply/demand). Retail demand for municipal securities was weak during the second half of the reporting period. Given higher tax rates and attractive valuations versus equal-duration Treasuries, we're anticipating somewhat better demand for this asset class going forward. At the same time, we anticipate that supply will moderate in 2014 given less refinancing activity, a major driver of new municipal issuance in recent years.
Despite these positives, we believe there are several risks. News about Detroit's bankruptcy, credit issues in Puerto Rico and the likelihood of other municipal downgrades could negatively impact retail demand and put pressure on the market. While we anticipate the Fed will remain largely accommodative and not rush the taper of its asset purchases, in our opinion it's reasonable to assume that rates will move moderately higher in 2014. This, too, could be a headwind for the municipal market.
Sincerely,
JAMES L. ISELIN AND S. BLAKE MILLER
PORTFOLIO CO-MANAGERS
The composition, industries and holdings of each Fund are subject to change.
The opinions expressed are those of the Funds' portfolio managers. The opinions are as of the date of this report and are subject to change without notice.
The value of securities owned by the Funds, as well as the market value of Fund shares, may decline in response to certain events, including those directly involving the issuers whose securities are owned by the Funds; conditions affecting the general economy; overall market changes; local, regional, national or global political, social or economic instability; regulatory or legislative developments; price and interest rate fluctuations, including those resulting from changes in central bank policies; and changes in investor sentiment.
2
TICKER SYMBOLS
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) |
|||||||
California |
83.4 |
% |
|||||
Florida |
0.4 |
||||||
Guam |
2.2 |
||||||
Illinois |
0.8 |
||||||
Massachusetts |
0.7 |
||||||
Nevada |
0.8 |
||||||
New Jersey |
0.5 |
||||||
North Carolina |
0.5 |
||||||
Pennsylvania |
1.4 |
||||||
Puerto Rico |
7.7 |
||||||
Tennessee |
0.4 |
||||||
Texas |
1.2 |
||||||
Total |
100 |
% |
NEW YORK INTERMEDIATE
MUNICIPAL FUND PORTFOLIO
BY STATE AND TERRITORY
(as a % of Total Investments) |
|||||||
California |
3.1 |
% |
|||||
Guam |
2.4 |
||||||
Illinois |
0.5 |
||||||
Massachusetts |
0.9 |
||||||
Nevada |
0.9 |
||||||
New York |
84.2 |
||||||
Pennsylvania |
1.6 |
||||||
Puerto Rico |
4.6 |
||||||
Utah |
0.1 |
||||||
Other |
1.7 |
||||||
Total |
100 |
% |
PERFORMANCE HIGHLIGHTS1
Inception | Average Annual Total Return Ended 10/31/2013 |
||||||||||||||||||||||
At NAV2 |
Date |
1 Year |
5 Years |
10 Years |
Life of Fund |
||||||||||||||||||
California Intermediate Municipal Fund |
09/24/2002 |
-3.65 |
% |
7.95 |
% |
5.59 |
% |
5.56 |
% |
||||||||||||||
Intermediate Municipal Fund |
09/24/2002 |
-3.59 |
% |
8.15 |
% |
5.74 |
% |
5.76 |
% |
||||||||||||||
New York Intermediate Municipal Fund |
09/24/2002 |
-3.50 |
% |
7.21 |
% |
5.06 |
% |
5.12 |
% |
||||||||||||||
At Market Price3 | |||||||||||||||||||||||
California Intermediate Municipal Fund |
09/24/2002 |
-9.60 |
% |
11.85 |
% |
6.49 |
% |
4.99 |
% |
||||||||||||||
Intermediate Municipal Fund |
09/24/2002 |
-9.19 |
% |
11.15 |
% |
6.26 |
% |
5.03 |
% |
||||||||||||||
New York Intermediate Municipal Fund |
09/24/2002 |
-12.82 |
% |
10.04 |
% |
5.34 |
% |
4.17 |
% |
||||||||||||||
Index |
|||||||||||||||||||||||
Barclays 10-Year Municipal Bond Index4 |
-0.81 |
% |
6.77 |
% |
4.96 |
% |
4.75 |
% |
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 performance may be lower or higher than the performance data quoted. For more current performance data, 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.
The investment return and market price will fluctuate and common shares may trade at prices below NAV. Fund 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 certain of 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 |
0.8 |
% |
|||||
Arizona |
5.3 |
||||||
California |
17.0 |
||||||
Colorado |
1.8 |
||||||
Connecticut |
0.3 |
||||||
District of Columbia |
1.7 |
||||||
Florida |
3.0 |
||||||
Guam |
1.6 |
||||||
Hawaii |
1.7 |
||||||
Illinois |
11.0 |
||||||
Indiana |
3.2 |
||||||
Iowa |
3.6 |
||||||
Kansas |
0.1 |
||||||
Louisiana |
0.7 |
||||||
Maine |
0.5 |
||||||
Maryland |
0.5 |
||||||
Massachusetts |
5.4 |
||||||
Michigan |
0.5 |
||||||
Minnesota |
1.6 |
||||||
Mississippi |
2.7 |
||||||
Missouri |
1.5 |
Nevada |
1.2 |
% |
|||||
New Hampshire |
0.6 |
||||||
New Jersey |
3.2 |
||||||
New York |
5.1 |
||||||
North Carolina |
2.3 |
||||||
Ohio |
0.5 |
||||||
Oregon |
0.1 |
||||||
Pennsylvania |
3.0 |
||||||
Puerto Rico |
1.7 |
||||||
Rhode Island |
1.8 |
||||||
Tennessee |
1.2 |
||||||
Texas |
5.4 |
||||||
Utah |
1.3 |
||||||
Vermont |
1.2 |
||||||
Virginia |
0.4 |
||||||
Washington |
2.6 |
||||||
West Virginia |
0.3 |
||||||
Wisconsin |
2.6 |
||||||
Other |
1.0 |
||||||
Total |
100 |
% |
3
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 NAV of each Fund.
3 Returns based on the market price of Fund shares on the NYSE MKT.
4 Please see "Description of Index" starting on page 5 for a description of the index.
For more complete information on any of the Neuberger Berman Intermediate Municipal Closed-End Funds, call Management at (800) 877-9700, or visit our website at www.nb.com.
4
Description of Index
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. |
Please note that the index does not take into account any fees and expenses or any tax consequences of investing in individual securities that it tracks and that individuals cannot invest directly in any index. Data about the performance of this index is prepared or obtained by Management and include reinvestment of all income dividends and other distributions, if any. The Funds may invest in securities not included in the above described index and/or invest in all securities included in the index.
5
Schedule of Investments California Intermediate Municipal Fund Inc.
PRINCIPAL AMOUNT |
SECURITY |
VALUE† |
(000's omitted) |
(000's omitted)z |
|||||||
Municipal Notes (171.7%) |
||||||||
California (143.1%) |
$ |
400 |
Abag Fin. Au. Rev. (San Diego Hosp. Assoc.), Ser. 2003-C, 5.13%, due 3/1/18 |
$ |
405 |
ß |
|||||
1,500 |
Bay Area Toll Au. Toll Bridge Rev. (San Francisco Bay Area), Ser. 2012, 5.00%, due 4/1/21 |
1,803 |
||||||||
500 | California Ed. Fac. Au. Rev. (Scripps College), Ser. 2007, (National Public Finance Guarantee Corp. Insured), 5.00%, due 11/1/15 |
534 |
ß |
|||||||
2,000 |
California HFA Home Mtge. Rev., Ser. 2006-E, (FGIC Insured), 4.88%, due 2/1/17 |
2,053 |
||||||||
1,000 |
California HFA Home Mtge. Rev., Ser. 2006-E, (FGIC Insured), 4.95%, due 8/1/26 |
978 |
||||||||
590 |
California HFA Home Mtge. Rev., Ser. 2007-E, 5.00%, due 2/1/42 |
610 |
||||||||
2,000 | California Hlth. Fac. Fin. Au. Rev. (Catholic Healthcare West), Ser. 2004-I, 4.95%, due 7/1/26 Putable 7/1/14 |
2,060 |
µß |
|||||||
2,000 |
California Hlth. Fac. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.), Ser. 2005, 5.00%, due 11/15/21 |
2,093 |
ß |
|||||||
1,000 |
California Hlth. Fac. Fin. Au. Rev. (Children Hosp. Los Angeles), Ser. 2012-A, 5.00%, due 11/15/26 |
1,029 |
ß |
|||||||
800 | California Infrastructure & Econ. Dev. Bank Rev. (Los Angeles Co. Museum of Natural History Foundation), Ser. 2008-B, (LOC: Wells Fargo Bank N.A.), 0.05%, due 9/1/37 |
800 |
µß |
|||||||
1,000 | California Infrastructure & Econ. Dev. Bank St. Sch. Fund Lease Rev. (King City Joint Union High Sch. Dist. Fin.), Ser. 2010, 5.13%, due 8/15/24 |
1,027 | ||||||||
500 | California Muni. Fin. Au. Ed. Rev. (American Heritage Ed. Foundation Proj.), Ser. 2006-A, 5.00%, due 6/1/16 |
501 |
ß |
|||||||
375 |
California Muni. Fin. Au. Rev. (Biola Univ.), Ser. 2013, 4.00%, due 10/1/25 |
366 |
ß |
|||||||
410 |
California Muni. Fin. Au. Rev. (Biola Univ.), Ser. 2013, 4.00%, due 10/1/26 |
392 |
ß |
|||||||
455 |
California Muni. Fin. Au. Rev. (Biola Univ.), Ser. 2013, 4.00%, due 10/1/27 |
427 |
ß |
|||||||
1,040 |
California Muni. Fin. Au. Rev. (Loma Linda Univ.), Ser. 2007, 5.00%, due 4/1/21 |
1,102 |
ß |
|||||||
600 |
California Muni. Fin. Au. Rev. (Southwestern Law Sch.), Ser. 2011, 6.00%, due 11/1/26 |
646 |
ß |
|||||||
555 |
California St. Dept. of Wtr. Res. Ctr. Valley Proj. Rev. (Wtr. Sys.), Ser. 2012-AN, 5.00%, due 12/1/21 |
674 |
||||||||
2,000 |
California St. Dept. of Wtr. Res. Supply Rev., Ser. 2010-L, 5.00%, due 5/1/22 |
2,333 |
||||||||
20 |
California St. G.O., Ser. 2002, 5.00%, due 10/1/17 |
20 |
||||||||
1,500 |
California St. G.O., Ser. 2012, 5.00%, due 2/1/27 |
1,641 |
||||||||
3,400 |
California St. G.O. (Kindergarten Univ.), Ser. 2004, (LOC: Citibank N.A.), 0.05%, due 5/1/34 |
3,400 |
µ |
|||||||
2,000 |
California St. Poll. Ctrl. Fin. Au. Wtr. Furnishing Rev., Ser. 2012, 5.00%, due 7/1/27 |
1,879 |
ñß |
|||||||
1,095 | California St. Pub. Works Board Lease Rev. (California Comm. Colleges), Ser. 2004-B, 5.50%, due 6/1/20 |
1,121 | ||||||||
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 |
1,003 | ||||||||
1,000 |
California St. Var. Purp. G.O., Ser. 2012, 4.00%, due 9/1/21 |
1,108 |
||||||||
420 | California Statewide CDA Cert. of Participation Rev. (The Internext Group), Ser. 1999, 5.38%, due 4/1/17 |
421 |
ß |
|||||||
1,000 |
California Statewide CDA Hlth. Fac. Rev. (Adventist Hlth.), Ser. 2005-A, 5.00%, due 3/1/20 |
1,038 |
ß |
|||||||
1,110 |
California Statewide CDA Rev. (California Baptist Univ.), Ser. 2007-A, 5.30%, due 11/1/18 |
1,131 |
ß |
|||||||
1,000 |
California Statewide CDA Rev. (Daughters of Charity Hlth.), Ser. 2005-G, 5.00%, due 7/1/22 |
1,010 |
ß |
|||||||
780 |
California Statewide CDA Rev. (Lancer Ed. Std. Hsg. Proj.), Ser. 2007, 5.40%, due 6/1/17 |
803 |
ß |
|||||||
1,255 | California Statewide CDA Rev. (Sr. Living So. California Presbyterian Homes), Ser. 2009, 6.25%, due 11/15/19 |
1,376 |
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 |
1,657 |
ß |
|||||||
250 |
California Statewide CDA Rev. (Valley Care Hlth. Sys.), Ser. 2007-A, 4.80%, due 7/15/17 |
255 |
ß |
|||||||
1,500 | Compton Unified Sch. Dist. Ref. G.O. (Election 2002), Ser. 2006-D, (AMBAC Insured), 0.00%, due 6/1/14 |
1,484 | ||||||||
350 |
Corona Norco Unified Sch. Dist. Pub. Fin. Au. Sr. Lien Rev., Ser. 2013-A, 5.00%, due 9/1/26 |
355 |
||||||||
560 |
Corona Norco Unified Sch. Dist. Pub. Fin. Au. Sr. Lien Rev., Ser. 2013-A, 5.00%, due 9/1/27 |
564 |
||||||||
1,365 | Daly City Hsg. Dev. Fin. Agcy. Rev. Ref. (Franciscan Mobile Home Park), Ser. 2007-A, 5.00%, due 12/15/21 |
1,373 |
ß |
|||||||
1,000 | Fresno Unified Sch. Dist. Ref. G.O., Ser. 2002-A, (National Public Finance Guarantee Corp. Insured), 6.00%, due 2/1/17 |
1,136 | ||||||||
2,000 | Glendale Redev. Agcy. Tax Allocation Rev. (Central Glendale Redev. Proj.), Ser. 2010, 5.50%, due 12/1/24 |
2,086 | ||||||||
1,000 |
Imperial Comm. College Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, (AGM Insured), 0.00%, due 8/1/40 |
984 |
h |
See Notes to Schedule of Investments
6
Schedule of Investments California Intermediate Municipal Fund Inc.
cont'd
PRINCIPAL AMOUNT |
SECURITY |
VALUE† |
(000's omitted) |
(000's omitted)z | |||||||||
$ |
1,000 |
Inglewood Pub. Fin. Au. Ref. Rev., Ser. 2012, 5.00%, due 8/1/18 |
$ |
1,040 |
||||||
150 |
Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2), Ser. 2013, 4.00%, due 9/1/23 |
151 |
||||||||
300 |
Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2), Ser. 2013, 4.00%, due 9/1/24 |
298 |
||||||||
450 |
Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2), Ser. 2013, 4.00%, due 9/1/25 |
442 |
||||||||
645 |
Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2), Ser. 2013, 3.50%, due 9/1/26 |
593 |
||||||||
690 |
Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2), Ser. 2013, 3.63%, due 9/1/27 |
629 |
||||||||
1,105 |
Lodi Pub. Fin. Au. Lease Rev., Ser. 2012, 5.25%, due 10/1/26 |
1,163 |
||||||||
930 |
Long Beach Fin. Au. Rev., Ser. 1992, (AMBAC Insured), 6.00%, due 11/1/17 |
957 |
||||||||
3,900 |
Los Angeles Co. Metro. Trans. Au. Sales Tax Prop. A First Tier Sr. Rev., Ser. 2012-A, 5.00%, due 7/1/21 |
4,708 |
||||||||
2,000 |
Los Angeles G.O., Ser. 2012-A, 5.00%, due 9/1/20 |
2,399 |
||||||||
2,000 |
Los Angeles Muni. Imp. Corp. Lease Ref. Rev. (Real Property), Ser. 2012-C, 5.00%, due 3/1/27 |
2,164 |
||||||||
500 |
Los Angeles Reg. Arpt. Imp. Corp. Lease Rev. (Laxfuel Corp.), Ser. 2012, 4.50%, due 1/1/27 |
498 |
ß |
|||||||
1,070 |
Mill Valley Sch. Dist. G.O. Cap. Appreciation, Ser. 1994-A, 0.00%, due 8/1/19 |
895 |
||||||||
1,000 |
Mountain House Pub. Fin. Au. Utils. Sys. Rev., Ser. 2007, 5.00%, due 12/1/22 |
1,074 |
||||||||
500 |
Northstar Comm. Svcs. Dist. Spec. Tax (Comm. Facs. Dist. Number 1), Ser. 2006, 4.70%, due 9/1/18 |
474 |
||||||||
500 |
Northstar Comm. Svcs. Dist. Spec. Tax (Comm. Facs. Dist. Number 1), Ser. 2006, 4.75%, due 9/1/19 |
470 |
||||||||
1,490 |
Oxnard Harbor Dist. Rev., Ser. 2011-B, 4.50%, due 8/1/24 |
1,496 |
||||||||
1,500 |
Pico Rivera Pub. Fin. Au. Lease Rev., Ser. 2009, 4.75%, due 9/1/25 |
1,571 |
||||||||
525 |
Riverside Co. Comm. Facs. Dist. Spec. Tax Rev. (Scott Road), Ser. 2013, 4.00%, due 9/1/21 |
511 |
||||||||
600 |
Riverside Co. Comm. Facs. Dist. Spec. Tax Rev. (Scott Road), Ser. 2013, 5.00%, due 9/1/25 |
593 |
||||||||
1,320 |
Riverside Co. Trans. Commission Toll Rev. Sr. Lien (Cap. Appreciation), Ser. 2013-B, 0.00%, due 6/1/22 |
901 |
||||||||
1,500 |
Riverside Co. Trans. Commission Toll Rev. Sr. Lien (Cap. Appreciation), Ser. 2013-B, 0.00%, due 6/1/23 |
954 |
||||||||
440 |
Roseville Stone Point Comm. Fac. Dist. Number 1 Special Tax Rev., Ser. 2003, 5.70%, due 9/1/17 |
446 |
||||||||
1,000 |
Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.), Ser. 2006-E, (AMBAC Insured), 5.25%, due 12/1/24 |
1,120 |
||||||||
400 |
Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.), Ser. 2006-E, (AMBAC Insured), 5.25%, due 12/1/26 |
443 |
||||||||
2,600 |
Sacramento Muni. Utils. Dist. Elec. Rev., Ser. 1997-K, (AMBAC Insured), 5.70%, due 7/1/17 |
3,054 |
||||||||
1,350 |
San Bernardino Comm. College Dist. G.O. (Election 2002), Ser. 2008-A, 6.25%, due 8/1/24 Pre-Refunded 8/1/18 |
1,679 |
||||||||
400 |
San Diego Pub. Facs. Fin. Au. Lease Rev. (Ballpark), Ser. 2007-A, (AMBAC Insured), 5.25%, due 2/15/19 |
439 |
||||||||
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 |
822 |
||||||||
750 |
San Francisco City & Co. Arpts. Commission Int'l Ref. Rev., Ser. 2009-D2, 3.00%, due 5/1/21 |
783 |
||||||||
1,000 |
San Francisco City & Co. Arpts. Commission Int'l Ref. Rev., Ser. 2009-C2, 5.00%, due 5/1/21 |
1,140 |
||||||||
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 |
2,119 |
||||||||
2,000 |
San Francisco City & Co. Unified Sch. Dist. Ref. Rev., Ser. 2012, 4.00%, due 6/15/25 |
2,084 |
||||||||
890 |
San Jose Multi-Family Hsg. Rev. (Fallen Leaves Apts. Proj.), Ser. 2002-J1, (AMBAC Insured), 4.95%, due 12/1/22 |
893 |
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 |
1,103 |
||||||||
1,000 |
San Juan Unified Sch. Dist. G.O., Ser. 2012-C, 4.00%, due 8/1/22 |
1,090 |
||||||||
1,070 |
San Juan Unified Sch. Dist. G.O., Ser. 2012-C, 4.00%, due 8/1/25 |
1,133 |
||||||||
1,000 |
San Mateo Union High Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, 0.00%, due 9/1/25 |
560 |
||||||||
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 |
916 |
||||||||
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 |
1,485 |
||||||||
310 |
Santa Maria Bonita Sch. Dist. Cert. of Participation (New Sch. Construction Proj.), Ser. 2013, (BAM Insured), 3.25%, due 6/1/25 |
298 |
||||||||
575 |
Santa Maria Bonita Sch. Dist. Cert. of Participation (New Sch. Construction Proj.), Ser. 2013, (BAM Insured), 3.50%, due 6/1/26 |
551 |
||||||||
325 |
Santa Maria Bonita Sch. Dist. Cert. of Participation (New Sch. Construction Proj.), Ser. 2013, (BAM Insured), 3.50%, due 6/1/27 |
301 |
||||||||
270 |
Santa Maria Bonita Sch. Dist. Cert. of Participation (New Sch. Construction Proj.), Ser. 2013, (BAM Insured), 3.50%, due 6/1/28 |
239 |
||||||||
1,000 |
Santa Monica-Malibu Unified Sch. Dist. Ref. G.O., Ser. 2013, 3.00%, due 8/1/27 |
878 |
||||||||
505 |
Sierra View Local Hlth. Care Dist. Rev., Ser. 2007, 4.50%, due 7/1/14 |
516 |
See Notes to Schedule of Investments
7
Schedule of Investments California Intermediate Municipal Fund Inc.
cont'd
PRINCIPAL AMOUNT |
SECURITY |
VALUE† |
(000's omitted) |
(000's omitted)z |
|||||||||
$ |
355 |
South Gate Pub. Fin. Au. Tax Allocation Rev. (South Gate Redev. Proj. Number 1), Ser. 2002, (XLCA Insured), 5.00%, due 9/1/16 |
$ |
358 |
||||||
1,550 |
St. Helena Unified Sch. Dist. G.O. Cap. Appreciation (Election 2012), Ser. 2013-A1, 0.00%, due 8/1/27 |
996 |
m |
|||||||
1,000 |
Successor Agcy. to the Monrovia Redev. Agcy. Tax Allocation Rev. (Cent. Redev. Proj.), Ser. 2013, 5.00%, due 8/1/26 |
1,014 |
||||||||
1,500 |
Sulphur Springs Union Sch. Dist. Cert. of Participation (Cap. Appreciation), Ser. 2010, (AGM Insured), 0.00%, due 12/1/37 |
1,452 |
c |
|||||||
1,250 |
Sunnyvale Sch. Dist. G.O. (Election 2004), Ser. 2005-A, (AGM Insured), 5.00%, due 9/1/21 |
1,322 |
||||||||
2,000 |
Sweetwater Union High Sch. Dist. Pub. Fin. Au. Rev., Ser. 2013, (BAM Insured), 5.00%, due 9/1/25 |
2,193 |
||||||||
1,300 |
Tulare Local Hlth. Care Dist., Ser. 2007, 5.00%, due 11/1/20 |
1,274 |
||||||||
2,000 |
Twin Rivers Unified Sch. Dist. Cert. of Participation (Sch. Fac. Bridge Funding Prog.), Ser. 2007, (AGM Insured), 3.20%, due 6/1/27 Putable 6/1/20 |
2,000 |
µ |
|||||||
2,000 |
Vernon Elec. Sys. Rev., Ser. 2009-A, 5.13%, due 8/1/21 |
2,164 |
||||||||
3,000 |
Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C, 0.00%, due 8/1/37 |
2,238 |
i |
|||||||
1,500 |
Vista Unified Sch. Dist. G.O., Ser. 2012, 5.00%, due 8/1/21 |
1,767 |
||||||||
3,500 |
William S.Hart Union High Sch. Dist. G.O. Cap. Appreciation (Election 2001), Ser. 2005-B, (AGM Insured), 0.00%, due 9/1/26 |
1,968 |
||||||||
2,250 |
Wiseburn Sch. Dist. G.O. Cap Appreciation (Election 2010), Ser. 2011-B, (AGM Insured), 0.00%, due 8/1/36 |
1,187 |
j |
|||||||
114,515 |
||||||||||
Florida (0.7%) |
||||||||||
525 |
Lakeland Ed. Facs. Rev. (Florida So. College Proj.), Ser. 2012-A, 5.00%, due 9/1/24 |
554 |
ß |
|||||||
Guam (3.7%) |
||||||||||
1,110 |
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.25%, due 11/1/18 |
1,226 |
||||||||
700 |
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2005, 5.50%, due 7/1/16 |
727 |
||||||||
1,000 |
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25 |
1,022 |
||||||||
2,975 |
||||||||||
Illinois (1.4%) |
||||||||||
585 |
Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17 |
591 |
||||||||
500 |
Illinois Fin. Au. Rev. (Navistar Int'l Rec. Zone Fac.), Ser. 2010, 6.50%, due 10/15/40 |
507 |
ß |
|||||||
1,098 |
||||||||||
Massachusetts (1.3%) |
||||||||||
1,000 |
Massachusetts St. HFA Hsg. Rev., Ser. 2010-C, 5.00%, due 12/1/30 |
1,002 |
||||||||
Nevada (1.4%) |
||||||||||
1,000 |
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23 |
1,081 |
||||||||
New Jersey (0.9%) |
||||||||||
750 |
New Jersey St. Econ. Dev. Au. Rev. (Continental Airlines, Inc., Proj.), Ser. 1999, 5.13%, due 9/15/23 |
716 |
ß |
|||||||
North Carolina (0.9%) |
||||||||||
750 |
North Carolina Med. Care Commission Hlth. Care Fac. First Mtge. Rev. (Lutheran Svcs. for Aging, Inc.), Ser. 2012-A, 4.25%, due 3/1/24 |
696 |
ß |
|||||||
Pennsylvania (2.3%) |
||||||||||
2,000 |
Pennsylvania St. Turnpike Commission Turnpike Rev. (Cap. Appreciation), Subser. 2010-B2, 0.00%, due 12/1/34 |
1,881 |
b |
See Notes to Schedule of Investments
8
Schedule of Investments California Intermediate Municipal Fund Inc.
cont'd
PRINCIPAL AMOUNT |
SECURITY |
VALUE† |
(000's omitted) |
(000's omitted)z | ||||||||||
Puerto Rico (13.2%) |
|||||||||||
$ |
2,000 |
Puerto Rico Commonwealth Ref. G.O. (Pub. Imp.), Ser. 2001-A, (National Public Finance Guarantee Corp. Insured), 5.50%, due 7/1/20 |
$ |
1,895 |
|||||||
1,500 |
Puerto Rico Elec. Pwr. Au. Rev., Ser. 2007-VV, 5.50%, due 7/1/20 |
1,245 |
|||||||||
1,000 |
Puerto Rico Elec. Pwr. Au. Rev., Ser. 2010-XX, 5.25%, due 7/1/35 |
728 |
|||||||||
400 |
Puerto Rico Ind., Tourist Ed. Med. & Env. Ctrl. Fac. Rev. (Int'l American Univ. Proj.), Ser. 2012, 5.00%, due 10/1/21 |
394 |
ß |
||||||||
1,000 |
Puerto Rico Ind., Tourist, Ed., Med. & Env. Ctrl. Fac. Rev. (Polytechnic Univ. of Puerto Rico Proj.), Ser. 2002-A, (ACA Insured), 5.25%, due 8/1/15 |
1,000 |
ß |
||||||||
3,000 |
Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002-A, (AGM Insured), 5.25%, due 8/1/17 |
2,998 |
|||||||||
1,000 |
Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002-A, (AGM Insured), 5.25%, due 8/1/21 |
991 |
|||||||||
1,500 |
Puerto Rico Sales Tax Fin. Corp. Sales Tax Rev., Subser. 2009-A, 5.00%, due 8/1/24 |
1,325 |
|||||||||
10,576 |
|||||||||||
Tennessee (0.7%) |
|||||||||||
500 |
Tennessee St. Energy Acquisition Corp. Gas Rev., Ser. 2006-A, 5.25%, due 9/1/23 |
538 |
|||||||||
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 |
1,718 |
ß |
||||||||
Total Investments (171.7%) (Cost $135,962) |
137,350 |
## |
|||||||||
Cash, receivables and other assets, less liabilities (2.0%) |
1,653 |
||||||||||
Liquidation Value of Auction Market Preferred Shares [(73.7%)] |
(59,000 |
) |
|||||||||
Total Net Assets Applicable to Common Shareholders (100.0%) |
$ |
80,003 |
See Notes to Schedule of Investments
9
Schedule of Investments Intermediate Municipal Fund Inc.
PRINCIPAL AMOUNT |
SECURITY |
VALUE† |
(000's omitted) |
(000's omitted)z | ||||||||||
Municipal Notes (164.2%) |
|||||||||||
Alabama (1.3%) |
|||||||||||
$ |
1,500 |
Courtland IDB Solid Waste Disp. Rev. (Champion Int'l Corp. Proj.), Ser. 1999, 6.00%, due 8/1/29 |
$ |
1,501 |
ß |
||||||
1,900 |
Selma IDB Rev. (Int'l Paper Co. Proj.), Ser. 2011-A, 5.38%, due 12/1/35 |
1,929 |
ß |
||||||||
3,430 |
|||||||||||
Arizona (8.7%) |
|||||||||||
5,000 |
Arizona Sch. Fac. Board Cert. of Participation, Ser. 2008, (Assured Guaranty Insured), 5.13%, due 9/1/21 |
5,535 |
|||||||||
2,265 |
Arizona Wtr. Infrastructure Fin. Au. Rev. (Wtr. Quality), Ser. 2008-A, 5.00%, due 10/1/22 |
2,596 |
|||||||||
5,870 |
Mohave Co. Ind. Dev. Au. Correctional Fac. Contract Rev. (Mohave Prison LLC Expansion Proj.), Ser. 2008, 7.50%, due 5/1/19 |
6,798 |
ß |
||||||||
1,500 |
Phoenix Ind. Dev. Au. Solid Waste Disp. Rev. (Vieste Spec. LLC), Ser. 2013-A, 4.38%, due 4/1/28 |
1,388 |
ß |
||||||||
400 |
Phoenix-Mesa Gateway Arpt. Au. Spec. Fac. Rev. (Mesa Proj.), Ser. 2012, 5.00%, due 7/1/24 |
425 |
|||||||||
1,450 |
Pima Co. Swr. Rev., Ser. 2012-A, 5.00%, due 7/1/27 |
1,591 |
|||||||||
1,840 |
Pinal Co. Cert. of Participation, Ser. 2004, 5.25%, due 12/1/18 |
1,912 |
|||||||||
1,155 |
Pinal Co. Cert. of Participation, Ser. 2004, 5.25%, due 12/1/22 |
1,191 |
|||||||||
2,325 |
Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2006, 5.05%, due 7/15/18 |
2,223 |
|||||||||
23,659 |
|||||||||||
California (27.9%) |
|||||||||||
885 |
California HFA Rev. (Home Mtge.), Ser. 2007-E, 5.00%, due 2/1/42 |
916 |
|||||||||
1,755 |
California HFA Rev. (Home Mtge.), Ser. 2006-E, (FGIC Insured), 4.95%, due 8/1/26 |
1,716 |
|||||||||
2,250 |
California Hlth. Fac. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.), Ser. 2009, 5.00%, due 8/15/39 |
2,260 |
ß |
||||||||
1,000 |
California Hlth. Facs. Fin. Au. Rev. (Children's Hosp. Los Angeles), Ser. 2012-A, 5.00%, due 11/15/26 |
1,029 |
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 |
1,771 |
|||||||||
1,685 |
California St. G.O., Ser. 2007, (XLCA Insured), 4.50%, due 8/1/27 |
1,732 |
|||||||||
1,845 |
California St. G.O., Ser. 2005, 5.00%, due 3/1/19 |
1,949 |
|||||||||
5,000 |
California St. Poll. Ctrl. Fin. Au. Wtr. Furnishing Rev., Ser. 2012, 5.00%, due 7/1/27 |
4,698 |
ñß |
||||||||
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 |
1,505 |
|||||||||
4,000 |
California St. Var. Purp. G.O., Ser. 2009, 5.63%, due 4/1/25 |
4,567 |
|||||||||
940 |
California Statewide CDA Rev. (California Baptist Univ. Proj.), Ser. 2007-A, 5.30%, due 11/1/18 |
958 |
ßØØ |
||||||||
2,000 |
Emery Unified Sch. Dist. G.O. (Election 2010), Ser. 2011-A, 6.50%, due 8/1/33 |
2,297 |
|||||||||
2,000 |
Imperial Comm. College Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, (AGM Insured), 0.00%, due 8/1/40 |
1,968 |
h |
||||||||
1,000 |
Inglewood Pub. Fin. Au. Ref. Rev. (Lease), Ser. 2012, 5.00%, due 8/1/16 |
1,030 |
ØØ |
||||||||
1,950 |
Inglewood Pub. Fin. Au. Ref. Rev. (Lease), Ser. 2012, 5.00%, due 8/1/17 |
2,027 |
ØØ |
||||||||
1,115 |
Inglewood Pub. Fin. Au. Ref. Rev. (Lease), Ser. 2012, 5.00%, due 8/1/18 |
1,160 |
ØØ |
||||||||
3,620 |
Norwalk-La Mirada Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 2005-B, (AGM Insured), 0.00%, due 8/1/24 |
2,319 |
|||||||||
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 |
3,747 |
d |
||||||||
5,000 |
Redondo Beach Unified Sch. Dist. G.O., Ser. 2009, 0.00%, due 8/1/34 |
4,672 |
e |
||||||||
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 |
1,788 |
|||||||||
4,000 |
Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.), Ser. 2006-E, (AMBAC Insured), 5.25%, due 12/1/26 |
4,428 |
ØØ |
||||||||
2,000 |
San Bernardino Comm. College Dist. G.O. Cap. Appreciation (Election), Ser. 2009-B, 0.00%, due 8/1/34 |
1,595 |
f |
||||||||
740 |
San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev. Proj.), Ser. 2003-B, 5.00%, due 9/1/17 |
742 |
|||||||||
2,000 |
San Francisco City & Co. Arpt. Commission Int'l Arpt. Ref. Rev., Ser. 2009-C2, 5.00%, due 5/1/25 |
2,220 |
|||||||||
6,000 |
San Mateo Foster City Sch. Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2010-A, 0.00%, due 8/1/32 |
3,467 |
g |
See Notes to Schedule of Investments
10
Schedule of Investments Intermediate Municipal Fund Inc.
cont'd
PRINCIPAL AMOUNT |
SECURITY |
VALUE† |
(000's omitted) |
(000's omitted)z | ||||||||||
$ |
2,000 |
St. Helena Unified Sch. Dist. G.O. (Election 2012), Ser. 2013-A1, 0.00%, due 8/1/27 |
$ |
1,285 |
m |
||||||
1,540 |
Successor Agcy. to the Monrovia Redev. Agcy. Tax Allocation Rev. (Cent. Redev. Proj.), Ser. 2013, 5.00%, due 8/1/26 |
1,562 |
|||||||||
2,040 |
Sweetwater Union High Sch. Dist. Pub. Fin. Au. Rev., Ser. 2013, (BAM Insured), 5.00%, due 9/1/25 |
2,237 |
|||||||||
3,000 |
Vernon Elec. Sys. Rev., Ser. 2009-A, 5.13%, due 8/1/21 |
3,247 |
|||||||||
9,070 |
Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C, 0.00%, due 8/1/37 |
6,767 |
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 |
3,004 |
|||||||||
3,000 |
Wiseburn Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-B, (AGM Insured), 0.00%, due 8/1/36 |
1,583 |
j |
||||||||
76,246 |
|||||||||||
Colorado (3.0%) |
|||||||||||
380 |
Denver City & Co. Arpt. Sys. Ref. Rev., Ser. 1991-D, (XLCA Insured), 7.75%, due 11/15/13 |
381 |
|||||||||
5,000 |
Denver City & Co. Arpt. Sys. Rev., Ser. 2011-B, 5.00%, due 11/15/24 |
5,373 |
|||||||||
2,550 |
Plaza Metro. Dist. Number 1 Tax Allocation Rev., Ser. 2013, 4.00%, due 12/1/23 |
2,394 |
|||||||||
8,148 |
|||||||||||
Connecticut (0.5%) |
|||||||||||
650 |
Hamden G.O., Ser. 2013, (AGM Insured), 3.00%, due 8/15/24 |
592 |
|||||||||
750 |
Hamden G.O., Ser. 2013, (AGM Insured), 3.13%, due 8/15/25 |
678 |
|||||||||
1,270 |
|||||||||||
District of Columbia (2.9%) |
|||||||||||
1,615 |
Dist. of Columbia HFA Rev. (Capitol Hill Towers Proj.), Ser. 2011, (Fannie Mae Insured), 4.10%, due 12/1/26 |
1,668 |
ß |
||||||||
3,035 |
Dist. of Columbia Rev. (Friendship Pub. Charter Sch.), Ser. 2012, 3.55%, due 6/1/22 |
2,793 |
ß |
||||||||
1,000 |
Metro. Washington Dist. of Columbia Arpt. Au. Sys. Rev., Ser. 2008-A, 5.50%, due 10/1/18 |
1,174 |
|||||||||
2,000 |
Metro. Washington Dist. of Columbia Arpt. Au. Sys. Rev., Ser. 2011-C, 5.00%, due 10/1/26 |
2,141 |
|||||||||
7,776 |
|||||||||||
Florida (5.0%) |
|||||||||||
1,000 |
Cityplace Comm. Dev. Dist. Spec. Assessment Rev. Ref., Ser. 2012, 5.00%, due 5/1/26 |
1,075 |
|||||||||
1,000 |
Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.), Ser. 2012-A, 5.50%, due 6/15/22 |
920 |
ß |
||||||||
3,120 |
Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.), Ser. 2013-A, 6.75%, due 12/15/27 |
3,124 |
ßØ |
||||||||
1,795 |
Florida St. Muni. Loan Council Rev., Ser. 2012, (AGM Insured), 5.00%, due 5/1/21 |
2,052 |
|||||||||
1,000 |
Hillsborough Co. Ind. Dev. Au. IDR (Hlth. Facs.), Ser. 2008-B, 8.00%, due 8/15/32 Pre-Refunded 8/15/19 |
1,356 |
ß |
||||||||
1,135 |
Lakeland Ed. Facs. Rev. Ref. (Florida So. College Proj.), Ser. 2012-A, 5.00%, due 9/1/27 |
1,151 |
ß |
||||||||
2,000 |
Lee Co. Arpt. Ref. Rev., Ser. 2011-A, 5.63%, due 10/1/25 |
2,227 |
ØØ |
||||||||
2,000 |
Martin Co. Ind. Dev. Au. Ref. Rev. (Indiantown Cogeneration Proj.), Ser. 2013, 4.20%, due 12/15/25 |
1,684 |
ß |
||||||||
13,589 |
|||||||||||
Guam (2.7%) |
|||||||||||
1,220 |
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.75%, due 11/1/20 |
1,356 |
|||||||||
650 |
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.75%, due 11/1/21 |
717 |
|||||||||
2,550 |
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2005, 6.00%, due 7/1/25 |
2,596 |
|||||||||
2,630 |
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25 |
2,689 |
|||||||||
7,358 |
See Notes to Schedule of Investments
11
Schedule of Investments Intermediate Municipal Fund Inc.
cont'd
PRINCIPAL AMOUNT |
SECURITY |
VALUE† |
(000's omitted) |
(000's omitted)z | ||||||||||
Hawaii (2.8%) |
|||||||||||
$ |
5,200 |
Hawaii St. Arpt. Sys. Ref. Rev., Ser. 2011, 4.13%, due 7/1/24 |
$ |
5,392 |
|||||||
2,000 |
Hawaii St. Dept. of Budget & Fin. Spec. Purp. Rev. (Hawaii Elec. Co., Inc. -Subsidiary), Ser. 2009, 6.50%, due 7/1/39 |
2,188 |
ß |
||||||||
7,580 |
|||||||||||
Illinois (18.0%) |
|||||||||||
3,460 |
Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17 |
3,494 |
|||||||||
180 |
Chicago G.O. (Unrefunded Bal.), Ser. 2002-A, (AMBAC Insured), 5.38%, due 1/1/17 |
181 |
|||||||||
1,350 |
Cook Co. Sch. Dist. Number 83 G.O. (Mannheim), Ser. 2013-C, 5.45%, due 12/1/30 |
1,373 |
|||||||||
1,960 |
Cook Co. Sch. Dist. Number 83 G.O. (Mannheim), Ser. 2013-C, 5.50%, due 12/1/31 |
1,987 |
|||||||||
1,970 |
Cook Co. Township High Sch. Dist. Number 225 Northfield Township, Ser. 2008, 5.00%, due 12/1/25 |
2,176 |
|||||||||
5,130 |
Illinois Ed. Fac. Au. Rev. (Field Museum of Natural History), Ser. 2002, 4.30%, due 11/1/36 Putable 11/1/13 |
5,130 |
µß |
||||||||
1,875 |
Illinois Fin. Au. Ref. Rev. (Roosevelt Univ. Proj.), Ser. 2009, 5.00%, due 4/1/16 |
1,967 |
ß |
||||||||
4,000 |
Illinois Fin. Au. Ref. Rev. (Roosevelt Univ. Proj.), Ser. 2009, 5.75%, due 4/1/24 |
4,250 |
ß |
||||||||
1,960 |
Illinois Fin. Au. Rev. (Navistar Int'l Rec. Zone Fac.), Ser. 2010, 6.50%, due 10/15/40 |
1,989 |
ß |
||||||||
5,840 |
Illinois Fin. Au. Rev. (Provena Hlth.), Ser. 2010-A, 6.25%, due 5/1/22 |
6,670 |
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 |
3,113 |
ß |
||||||||
1,670 |
Illinois Metro. Pier & Exposition Au. Dedicated St. Tax Ref. Rev., Ser. 1998-A, (FGIC Insured), 5.50%, due 6/15/17 |
1,942 |
|||||||||
1,905 |
Illinois Sports Facs. Au. Cap. Appreciation Rev. (St. Tax Supported), Ser. 2001, (AMBAC Insured), 0.00%, due 6/15/26 |
1,035 |
|||||||||
3,900 |
Illinois St. G.O., Ser. 2012, 4.00%, due 8/1/25 |
3,624 |
|||||||||
2,025 |
Pingree Grove Village Rev. (Cambridge Lakes Learning Ctr. Proj.), Ser. 2011, 8.00%, due 6/1/26 |
2,141 |
ß |
||||||||
2,725 |
Univ. of Illinois (Hlth. Svc. Facs. Sys.), Ser. 2013, 5.00%, due 10/1/27 |
2,804 |
|||||||||
2,875 |
Univ. of Illinois (Hlth. Svc. Facs. Sys.), Ser. 2013, 5.75%, due 10/1/28 |
3,105 |
|||||||||
1,850 |
Will Co. High Sch. Dist. Number 204 G.O. (Joliet Jr. College), Ser. 2011-A, 6.25%, due 1/1/31 |
2,126 |
|||||||||
49,107 |
|||||||||||
Indiana (5.3%) |
|||||||||||
4,000 |
Indiana Bond Bank Rev. (Spec. Prog. Clark Mem. Hosp.), Ser. 2009-D, 5.50%, due 8/1/29 |
4,240 |
ß |
||||||||
500 |
Indiana Fin. Au. Midwestern Disaster Relief Rev. (Ohio Valley Elec. Corp. Proj.), Ser. 2012-A, 5.00%, due 6/1/32 |
471 |
ß |
||||||||
4,000 |
Indiana Hlth. & Ed. Fac. Fin. Au. Hosp. Ref. Rev. (Clarian Hlth. Oblig. Group), Ser. 2006-B, 5.00%, due 2/15/21 |
4,256 |
ßØØ |
||||||||
3,055 |
Indiana Trans. Fin. Au. Hwy. Ref. Rev., Ser. 2004-B, (National Public Finance Guarantee Corp. Insured), 5.75%, due 12/1/21 |
3,827 |
|||||||||
1,640 |
Jasper Hosp. Au. Hosp. Fac. Ref. Rev. (Mem. Hosp. & Hlth. Care Ctr. Proj.), Ser. 2002, (Radian Insured), 5.50%, due 11/1/17 |
1,645 |
ßØØ |
||||||||
14,439 |
|||||||||||
Iowa (5.9%) |
|||||||||||
1,000 |
Coralville Urban Renewal Rev., Tax Increment, Ser. 2007-C, 5.00%, due 6/1/15 |
999 |
|||||||||
5,110 |
Iowa Fin. Au. Rev. (St. Revolving Fund Prog.), Ser. 2008, 5.50%, due 8/1/22 |
6,024 |
|||||||||
4,000 |
Iowa Higher Ed. Loan Au. Rev. (William Penn Univ.), Ser. 2013-D, 6.00%, due 5/15/14 |
4,030 |
ß |
||||||||
3,120 |
Iowa Std. Loan Liquidity Corp. Rev., Ser. 2011-A1, 5.00%, due 12/1/21 |
3,201 |
|||||||||
900 |
Iowa Std. Loan Liquidity Corp. Rev., Ser. 2011-A-1, 5.30%, due 12/1/23 |
919 |
|||||||||
1,005 |
Kirkwood Comm. College Iowa New Jobs Training Cert. G.O. (Merged Area X), Ser. 2007-1B, 5.00%, due 6/1/17 |
1,052 |
|||||||||
16,225 |
See Notes to Schedule of Investments
12
Schedule of Investments Intermediate Municipal Fund Inc.
cont'd
PRINCIPAL AMOUNT |
SECURITY |
VALUE† |
(000's omitted) |
(000's omitted)z | ||||||||||
Kansas (0.2%) |
|||||||||||
$ |
500 |
Kansas Independent College Fin. Au. Rev. (Bethel College), Ser. 2013-A, 4.50%, due 5/1/14 |
$ |
501 |
ß |
||||||
Kentucky (0.0%) |
|||||||||||
10 |
Shelby Co. Lease Rev., Ser. 2004-A, (LOC: U.S. Bank), 0.08%, due 9/1/34 |
10 |
µ |
||||||||
Louisiana (1.2%) |
|||||||||||
1,500 |
Louisiana Local Gov't Env. Fac. & Comm. (Westlake Chemical Corp.), Ser. 2010-A2, 6.50%, due 11/1/35 |
1,603 |
ß |
||||||||
1,655 |
St. Charles Parish Gulf Zone Opportunity Rev. (Valero Energy Corp.), Ser. 2010, 4.00%, due 12/1/40 Putable 6/1/22 |
1,649 |
µß |
||||||||
3,252 |
|||||||||||
Maine (0.9%) |
|||||||||||
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 |
2,434 |
µß |
||||||||
Maryland (0.9%) |
|||||||||||
2,400 |
Prince Georges Co. Hsg. Au. Multi-Family Rev. (Bristol Pines Apts. Proj.), Ser. 2005, (Fannie Mae Insured), 4.85%, due 12/15/38 Putable 12/15/23 |
2,466 |
µß |
||||||||
Massachusetts (9.0%) |
|||||||||||
3,555 |
Massachusetts St. Ed. Fin. Au. Rev., Ser. 2011-J, 5.00%, due 7/1/23 |
3,739 |
|||||||||
5,000 |
Massachusetts St. Ed. Fin. Au. Rev., Ser. 2012-J, 4.70%, due 7/1/26 |
5,038 |
|||||||||
5,000 |
Massachusetts St. Ed. Fin. Au. Rev., Ser. 2013-K, 4.50%, due 7/1/24 |
5,057 |
|||||||||
5,000 |
Massachusetts St. HFA Hsg. Rev., Ser. 2010-C, 4.90%, due 12/1/25 |
5,053 |
|||||||||
1,375 |
Massachusetts St. HFA Hsg. Rev., Ser. 2010-C, 5.00%, due 12/1/30 |
1,378 |
|||||||||
4,030 |
Massachusetts St. Wtr. Poll. Abatement Trust Rev. (MWRA Prog.), Ser. 2002-A, 5.25%, due 8/1/19 |
4,043 |
|||||||||
140 |
Massachusetts St. Wtr. Poll. Abatement Trust Rev. (Unrefunded Bal. Rev. Pool Prog.), Ser. 2001-7, 5.25%, due 2/1/16 |
141 |
|||||||||
24,449 |
|||||||||||
Michigan (0.8%) |
|||||||||||
2,000 |
Summit Academy North Pub. Sch. Academy Ref. Rev., Ser. 2005, 5.25%, due 11/1/20 |
1,956 |
|||||||||
295 |
Summit Academy Pub. Sch. Academy Ref. Rev., Ser. 2005, 6.00%, due 11/1/15 |
301 |
ØØ |
||||||||
2,257 |
|||||||||||
Minnesota (2.6%) |
|||||||||||
2,000 |
Maple Grove Hlth. Care Sys. Rev. (Maple Grove Hosp. Corp.), Ser. 2007, 5.00%, due 5/1/17 |
2,143 |
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 |
2,431 |
ß |
||||||||
2,500 |
Wayzata Sr. Hsg. Enhanced Deposit Rev. (Folkestone Sr. Living Comm.), Ser. 2012-B, 4.88%, due 5/1/19 |
2,521 |
ß |
||||||||
7,095 |
|||||||||||
Mississippi (4.4%) |
|||||||||||
4,000 |
Mississippi Bus. Fin. Corp. Gulf Opportunity Zone Rev., Ser. 2009-A, 4.70%, due 5/1/24 |
4,265 |
ß |
||||||||
500 |
Mississippi Dev. Bank Spec. Oblig. (Wilkinson Co. Correctional), Ser. 2008-D, 5.00%, due 8/1/15 |
540 |
ß |
||||||||
6,495 |
Mississippi St. Dev. Bank Spec. Oblig. Ref. Rev. (Madison Co. Hwy. Proj.), Ser. 2013-C, 5.00%, due 1/1/27 |
7,253 |
|||||||||
12,058 |
See Notes to Schedule of Investments
13
Schedule of Investments Intermediate Municipal Fund Inc.
cont'd
PRINCIPAL AMOUNT |
SECURITY |
VALUE† |
(000's omitted) |
(000's omitted)z | ||||||||||
Missouri (2.4%) |
|||||||||||
$ |
750 |
Missouri St. Env. Imp. & Energy Res. Au. Wtr. PCR (Unrefunded Bal. Drinking Wtr.), Ser. 2002-B, 5.50%, due 7/1/16 |
$ |
753 |
|||||||
2,275 |
Missouri St. Hlth. & Ed. Facs. Au. Rev. (Children's Mercy Hosp.), Ser. 2009, 5.13%, due 5/15/24 |
2,437 |
ß |
||||||||
125 |
Missouri St. Hsg. Dev. Comm. Multi-Family Hsg. Rev., Ser. 2001-II, (FHA Insured), 5.25%, due 12/1/16 |
125 |
k |
||||||||
65 |
Missouri St. Hsg. Dev. Comm. Multi-Family Hsg. Rev., Ser. 2001-III, (FHA Insured), 5.05%, due 12/1/15 |
65 |
|||||||||
2,965 |
Missouri St. Univ. Auxiliary Enterprise Sys. Rev., Ser. 2007-A, (XLCA Insured), 5.00%, due 4/1/26 |
3,239 |
|||||||||
6,619 |
|||||||||||
Nevada (2.0%) |
|||||||||||
1,635 |
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 6.50%, due 6/15/17 |
1,732 |
|||||||||
3,545 |
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23 |
3,832 |
|||||||||
5,564 |
|||||||||||
New Hampshire (1.0%) |
|||||||||||
2,600 |
New Hampshire Hlth. & Ed. Facs. Au. Rev. (Dartmouth-Hitchcock Clinic), Ser. 2009, 5.00%, due 8/1/19 |
2,669 |
ß |
||||||||
New Jersey (5.3%) |
|||||||||||
700 |
JP Morgan Chase Putters/Drivers Trust Var. Sts., Ser. 2013, (LOC: JP Morgan Chase), 0.33%, due 7/1/14 |
700 |
ñµ |
||||||||
2,500 |
New Jersey Econ. Dev. Au. Rev. (Continental Airlines, Inc., Proj.), Ser. 1999, 5.13%, due 9/15/23 |
2,385 |
ß |
||||||||
1,420 |
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 3.50%, due 7/1/24 |
1,247 |
ß |
||||||||
1,470 |
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 3.63%, due 7/1/25 |
1,280 |
ß |
||||||||
1,520 |
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 3.75%, due 7/1/26 |
1,314 |
ß |
||||||||
765 |
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 4.00%, due 7/1/27 |
662 |
ß |
||||||||
7,000 |
New Jersey Higher Ed. Assist. Au. Rev. (Std. Loan Rev.), Ser. 2012-1A, 4.38%, due 12/1/26 |
7,002 |
|||||||||
14,590 |
|||||||||||
New York (8.4%) |
|||||||||||
1,320 |
Build NYC Res. Corp. Rev. (Int'l Leadership Charter Sch. Proj.), Ser. 2013, 5.00%, due 7/1/23 |
1,243 |
ß |
||||||||
500 |
Build NYC Res. Corp. Rev. (South Bronx Charter Sch. for Int'l Cultures and the Arts), Ser. 2013-A, 3.88%, due 4/15/23 |
455 |
ß |
||||||||
1,450 |
Build NYC Res. Corp. Rev. (South Bronx Charter Sch. for Int'l Cultures and the Arts), Ser. 2013-A, 5.00%, due 4/15/43 |
1,224 |
ß |
||||||||
165 |
Lyons Comm. Hlth. Initiatives Corp. Fac. Rev., Ser. 2004, 5.50%, due 9/1/14 |
167 |
|||||||||
140 |
New York G.O. (Unrefunded Bal.), Ser. 2002-C, 5.50%, due 8/1/15 |
140 |
|||||||||
1,100 |
New York Liberty Dev. Corp. Rev. (Nat'l Sports Museum Proj.), Ser. 2006-A, 6.13%, due 2/15/19 |
0 |
#‡ |
||||||||
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 |
4,134 |
ß |
||||||||
3,200 |
New York St. Dorm. Au. Rev. Non St. Supported Debt (Univ. Facs.), Ser. 2013-A, 5.00%, due 7/1/28 |
3,500 |
|||||||||
2,000 |
New York St. HFA Rev. (Affordable Hsg.), Ser. 2009-B, 4.85%, due 11/1/41 |
1,988 |
|||||||||
2,000 |
New York St. Urban Dev. Corp. Rev., Ser. 2008-D, 5.25%, due 1/1/20 |
2,323 |
|||||||||
710 |
Newburgh G.O., Ser. 2012-A, 5.00%, due 6/15/20 |
733 |
|||||||||
495 |
Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/20 |
511 |
|||||||||
520 |
Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/21 |
531 |
|||||||||
550 |
Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/22 |
555 |
|||||||||
1,435 |
Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.), Ser. 2012-A, 5.00%, due 5/1/23 |
1,523 |
ß |
See Notes to Schedule of Investments
14
Schedule of Investments Intermediate Municipal Fund Inc.
cont'd
PRINCIPAL AMOUNT |
SECURITY |
VALUE† |
(000's omitted) |
(000's omitted)z | ||||||||||
$ |
1,000 |
Niagara Area Dev. Corp. Solid Waste Disp. Fac. Rev. (Covanta Energy Proj.), Ser. 2012-B, 4.00%, due 11/1/24 |
$ |
924 |
ß |
||||||
3,000 |
Tobacco Settlement Fin. Corp., Ser. 2003-B-1C, 5.50%, due 6/1/21 |
3,010 |
|||||||||
22,961 |
|||||||||||
North Carolina (3.8%) |
|||||||||||
1,835 |
North Carolina Med. Care Commission Hlth. Care Facs. Rev. (Lutheran Svc. For Aging, Inc.), Ser. 2012-A, 4.25%, due 3/1/24 |
1,702 |
ß |
||||||||
2,000 |
North Carolina Med. Care Commission Retirement Facs. Rev., Ser. 2013, 5.13%, due 7/1/23 |
1,998 |
ß |
||||||||
5,250 |
North Carolina Muni. Pwr. Agcy. Number 1 Catawba Elec. Rev., Ser. 2009-A, 5.00%, due 1/1/26 |
5,664 |
|||||||||
1,000 |
Oak Island Enterprise Sys. Rev., Ser. 2009, (Assured Guaranty Insured), 5.63%, due 6/1/24 |
1,133 |
|||||||||
10,497 |
|||||||||||
Ohio (0.8%) |
|||||||||||
2,060 |
Cleveland Arpt. Sys. Rev. Ref., Ser. 2012-A, 5.00%, due 1/1/27 |
2,155 |
ØØ |
||||||||
Oregon (0.2%) |
|||||||||||
500 |
Oregon St. Hsg. & Comm. Svc. Dept. Multi-Family Rev., Ser. 2012-B, (FHA Insured), 3.50%, due 7/1/27 |
461 |
|||||||||
Pennsylvania (5.0%) |
|||||||||||
500 |
Indiana Co. Ind. Dev. Au. Rev. (Std. Cooperative Assoc., Inc.), Ser. 2012, 3.50%, due 5/1/25 |
472 |
ß |
||||||||
350 |
Indiana Co. Ind. Dev. Au. Rev. (Std. Cooperative Assoc., Inc.), Ser. 2012, 3.60%, due 5/1/26 |
327 |
ß |
||||||||
2,000 |
Lancaster Co. Hosp. Au. Rev. (Brethren Village Proj.), Ser. 2008-A, 6.10%, due 7/1/22 |
2,064 |
ß |
||||||||
3,430 |
Norristown Area Sch. Dist. Cert. of Participation (Installment Purchase), Ser. 2012, 4.50%, due 4/1/27 |
3,326 |
ØØ |
||||||||
2,625 |
Pennsylvania Econ. Dev. Fin. Au. Exempt Facs. Rev. Ref. (Amtrak Proj.), Ser. 2012-A, 5.00%, due 11/1/24 |
2,855 |
ß |
||||||||
1,000 |
Pennsylvania St. Turnpike Commission Turnpike Rev. (Cap. Appreciation), Subser. 2010-B2, 0.00%, due 12/1/34 |
940 |
b |
||||||||
275 |
Philadelphia Au. For Ind. Dev. Rev. (Discovery Charter Sch. Proj.), Ser. 2012, 4.00%, due 4/1/17 |
269 |
ß |
||||||||
895 |
Philadelphia Au. For Ind. Dev. Rev. (Discovery Charter Sch. Proj.), Ser. 2012, 5.00%, due 4/1/22 |
864 |
ß |
||||||||
415 |
Philadelphia Au. For Ind. Dev. Rev. (Discovery Charter Sch. Proj.), Ser. 2012, 5.50%, due 4/1/27 |
391 |
ß |
||||||||
2,000 |
Susquehanna Area Reg. Arpt. Au. Sys. Rev., Ser. 2012-A, 5.00%, due 1/1/27 |
2,016 |
|||||||||
13,524 |
|||||||||||
Puerto Rico (2.8%) |
|||||||||||
7,000 |
Puerto Rico Commonwealth G.O. Ref. (Pub. Imp.), Ser. 2012-A, 5.50%, due 7/1/26 |
5,314 |
|||||||||
2,020 |
Puerto Rico Commonwealth Ref. G.O. (Pub. Imp.), Ser. 2001-A, (National Public Finance Guarantee Corp. Insured), 5.50%, due 7/1/20 |
1,914 |
|||||||||
750 |
Puerto Rico Elec. Pwr. Au. Pwr. Rev., Ser. 2010-XX, 5.25%, due 7/1/35 |
546 |
|||||||||
7,774 |
|||||||||||
Rhode Island (2.9%) |
|||||||||||
4,000 |
Rhode Island St. Hsg. & Mtge. Fin. Corp. Rev. (Homeownership Opportunity), Ser. 2012-63-A, 3.50%, due 10/1/27 |
3,783 |
|||||||||
2,650 |
Rhode Island St. Std. Loan Au. Std. Loan Rev. (Sr. Prog.), Ser. 2013-A, 3.75%, due 12/1/26 |
2,316 |
|||||||||
2,135 |
Rhode Island St. Std. Loan Au. Std. Loan Rev. (Sr. Prog.), Ser. 2013-A, 3.75%, due 12/1/27 |
1,825 |
|||||||||
7,924 |
See Notes to Schedule of Investments
15
Schedule of Investments Intermediate Municipal Fund Inc.
cont'd
PRINCIPAL AMOUNT |
SECURITY |
VALUE† |
(000's omitted) |
(000's omitted)z | ||||||||||
Tennessee (1.9%) |
|||||||||||
$ |
2,705 |
Memphis-Shelby Co. Arpt. Au. Arpt. Rev., Ser. 2010-B, 5.50%, due 7/1/19 |
$ |
3,089 |
|||||||
2,000 |
Tennessee St. Energy Acquisition Corp. Gas Rev., Ser. 2006-A, 5.25%, due 9/1/23 |
2,154 |
|||||||||
5,243 |
|||||||||||
Texas (9.0%) |
|||||||||||
1,050 |
Clifton Higher Ed. Fin. Corp. Rev. (Uplift Ed.), Ser. 2013-A, 3.10%, due 12/1/22 |
936 |
ß |
||||||||
1,935 |
Dallas-Fort Worth Int'l Arpt. Imp. Rev., Ser. 2004-B, (AGM Insured), 5.50%, due 11/1/18 |
2,018 |
|||||||||
2,000 |
Fort Bend Co. Ind. Dev. Corp. Rev. (NRG Energy, Inc.), Ser. 2012-B, 4.75%, due 11/1/42 |
1,732 |
ß |
||||||||
500 |
Gulf Coast Ind. Dev. Au. Rev. (CITGO Petroleum Proj.), Ser. 1995, 4.88%, due 5/1/25 |
469 |
ß |
||||||||
3,200 |
Harris Co. Ind. Dev. Corp. Rev. (Deer Park Refining LP), Ser. 2004, 0.09%, due 3/1/23 |
3,200 |
µß |
||||||||
2,300 |
Harris Co. Perm. Imp. Ref. G.O., Ser. 2008-B, 5.00%, due 10/1/19 Pre-Refunded 10/1/18 |
2,737 |
|||||||||
2,900 |
Harris Co. Toll Road Sr. Lien Rev., Ser. 2008-B, 5.00%, due 8/15/33 |
3,036 |
|||||||||
610 |
HFDC Ctr. Texas, Inc. Retirement Fac. Rev., Ser. 2006-A, 5.25%, due 11/1/15 |
622 |
ß |
||||||||
650 |
Houston Higher Ed. Fin. Corp. Rev. (Cosmos Foundation), Ser. 2012-A, 4.00%, due 2/15/22 |
632 |
ß |
||||||||
1,000 |
Houston Higher Ed. Fin. Corp. Rev. (Cosmos Foundation), Ser. 2012-A, 5.00%, due 2/15/32 |
971 |
ß |
||||||||
1,000 |
Houston Pub. Imp. Ref. G.O., Ser. 2008-A, 5.00%, due 3/1/20 |
1,132 |
|||||||||
3,000 |
North Texas Tollway Au. Dallas North Tollway Sys. Rev., Ser. 2005-C, 6.00%, due 1/1/23 |
3,546 |
|||||||||
500 |
San Leanna Ed. Fac. Corp. Higher Ed. Ref. Rev., (St. Edwards Univ. Proj.), Ser. 2007, 5.00%, due 6/1/19 |
529 |
ß |
||||||||
1,500 |
Texas Pub. Fin. Au. Rev. (So. Univ. Fin. Sys.), Ser. 2013, (BAM Insured), 5.00%, due 11/1/21 |
1,633 |
|||||||||
1,175 |
West Harris Co. Reg. Wtr. Au. Sys. Wtr. Rev., Ser. 2009, 5.00%, due 12/15/35 |
1,245 |
|||||||||
24,438 |
|||||||||||
Utah (2.2%) |
|||||||||||
3,000 |
Salt Lake Co. Hosp. Rev. (IHC Hlth. Svc., Inc.), Ser. 2001, (AMBAC Insured), 5.40%, due 2/15/28 |
3,354 |
ß |
||||||||
1,200 |
Uintah Co. Muni. Bldg. Au. Lease Rev., Ser. 2008, 5.25%, due 6/1/20 |
1,340 |
|||||||||
410 |
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.00%, due 7/1/20 |
433 |
|||||||||
370 |
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.25%, due 7/1/21 |
390 |
|||||||||
525 |
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.45%, due 7/1/22 |
554 |
|||||||||
6,071 |
|||||||||||
Vermont (1.9%) |
|||||||||||
1,600 |
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2012-A, 5.00%, due 6/15/21 |
1,695 |
|||||||||
465 |
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.25%, due 6/15/24 |
454 |
|||||||||
1,105 |
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.35%, due 6/15/25 |
1,060 |
|||||||||
1,640 |
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.45%, due 6/15/26 |
1,552 |
|||||||||
535 |
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.55%, due 6/15/27 |
502 |
|||||||||
5,263 |
|||||||||||
Virginia (0.7%) |
|||||||||||
1,000 |
Fairfax Co. Econ. Dev. Au. Residential Care Fac. Rev. (Vinson Hall LLC), Ser. 2013-A, 4.00%, due 12/1/22 |
931 |
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 |
1,009 |
ß |
||||||||
1,940 |
|||||||||||
Washington (4.3%) |
|||||||||||
1,000 |
Skagit Co. Pub. Hosp. Dist. Number 1 Ref. Rev., Ser. 2003, 6.00%, due 12/1/23 Pre-Refunded 12/1/13 |
1,004 |
|||||||||
1,600 |
Skagit Co. Pub. Hosp. Dist. Number 1 Ref. Rev., Ser. 2007, 5.63%, due 12/1/25 |
1,650 |
|||||||||
6,700 |
Vancouver Downtown Redev. Au. Rev. (Conference Ctr. Proj.), Ser. 2013, 4.00%, due 1/1/28 |
6,433 |
|||||||||
2,525 |
Washington St. Higher Ed. Fac. Au. Ref. Rev. (Whitworth Univ. Proj.), Ser. 2009, 5.38%, due 10/1/29 |
2,557 |
ß |
||||||||
11,644 |
See Notes to Schedule of Investments
16
Schedule of Investments Intermediate Municipal Fund Inc.
cont'd
PRINCIPAL AMOUNT |
SECURITY |
VALUE† |
(000's omitted) |
(000's omitted)z | ||||||||||
West Virginia (0.4%) |
|||||||||||
$ |
1,000 |
West Virginia Sch. Bldg. Au. Excess Lottery Rev., Ser. 2008, 5.00%, due 7/1/19 |
$ |
1,144 |
|||||||
Wisconsin (4.4%) |
|||||||||||
1,100 |
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College), Ser. 2010-A, 6.13%, due 6/1/35 |
1,160 |
ß |
||||||||
1,225 |
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College), Ser. 2010-A, 6.13%, due 6/1/39 |
1,289 |
ß |
||||||||
1,000 |
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Franciscan Sisters Hlth. Care), Ser. 2007, 5.00%, due 9/1/14 |
1,029 |
ß |
||||||||
5,000 |
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Marquette Univ.), Ser. 2008-B3, 5.00%, due 10/1/30 |
5,267 |
ß |
||||||||
3,000 |
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Meriter Hosp., Inc.), Ser. 2009, 5.63%, due 12/1/29 |
3,143 |
ß |
||||||||
11,888 |
|||||||||||
Other (0.8%) |
|||||||||||
3,000 |
Non-Profit Pfd. Fdg. Trust I, Ser. 2006-C, 4.72%, due 9/15/37 |
2,311 |
# |
||||||||
Total Municipal Notes (Cost $437,221) |
448,029 |
||||||||||
Tax Exempt Preferred (0.7%) |
|||||||||||
Real Estate (0.7%) |
|||||||||||
1,950 |
Munimae TE Bond Subsidiary LLC, Unsecured Notes, 5.00%, due 4/30/28 (Cost $1,950) |
1,949 |
# |
||||||||
Total Investments (164.9%) (Cost $439,171) |
449,978 |
## |
|||||||||
Cash, receivables and other assets, less liabilities (0.8%) |
2,290 |
||||||||||
Liquidation Value of Auction Market Preferred Shares [(65.7%)] |
(179,400 |
) |
|||||||||
Total Net Assets Applicable to Common Shareholders (100.0%) |
$ |
272,868 |
See Notes to Schedule of Investments
17
Schedule of Investments New York Intermediate Municipal Fund Inc.
PRINCIPAL AMOUNT |
SECURITY |
VALUE† |
(000's omitted) |
(000's omitted)z | ||||||||||
Municipal Notes (164.3%) |
|||||||||||
California (5.2%) |
|||||||||||
$ |
3,115 |
Corona-Norca Unified Sch. Dist. G.O. Cap. Appreciation (Election 2006), Ser. 2009-C, (AGM Insured), 0.00%, due 8/1/24 |
$ |
2,068 |
|||||||
1,470 |
Pico Rivera Pub. Fin. Au. Lease Rev., Ser. 2009, 4.75%, due 9/1/25 |
1,540 |
|||||||||
3,608 |
|||||||||||
Guam (4.0%) |
|||||||||||
1,135 |
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.50%, due 11/1/19 |
1,259 |
|||||||||
500 |
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2005, 5.50%, due 7/1/16 |
519 |
|||||||||
1,000 |
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25 |
1,022 |
|||||||||
2,800 |
|||||||||||
Illinois (0.8%) |
|||||||||||
585 |
Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17 |
591 |
|||||||||
Massachusetts (1.4%) |
|||||||||||
1,000 |
Massachusetts St. HFA Hsg. Rev., Ser. 2010-C, 5.00%, due 12/1/30 |
1,002 |
|||||||||
Nevada (1.6%) |
|||||||||||
1,000 |
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23 |
1,081 |
|||||||||
New York (140.8%) |
|||||||||||
1,000 |
Albany Co. G.O., Ser. 2012-B, 4.00%, due 11/1/22 |
1,086 |
|||||||||
1,000 |
Albany Co. G.O., Ser. 2012-B, 4.00%, due 11/1/23 |
1,076 |
|||||||||
1,390 |
Brookhaven NY G.O. (Pub. Imp.), Ser. 2013-A, 3.00%, due 9/15/27 |
1,288 |
|||||||||
600 |
Build NYC Res. Corp. Rev. (Int'l Leadership Charter Sch. Proj.), Ser. 2013, 5.00%, due 7/1/23 |
565 |
ß |
||||||||
500 |
Build NYC Res. Corp. Rev. (South Bronx Charter Sch. Int'l Cultures), Ser. 2013-A, 3.88%, due 4/15/23 |
455 |
ß |
||||||||
500 |
Cattaraugus Co. IDA Civic Fac. Rev. (St. Bonaventure Univ. Proj.), Ser. 2006-A, 5.00%, due 5/1/23 |
510 |
ß |
||||||||
500 |
Clarkstown Central Sch. Dist. G.O., Ser. 2012, 4.00%, due 10/15/19 |
555 |
|||||||||
1,000 |
Dutchess Co. Local Dev. Corp. Rev. (Marist College Proj.), Ser. 2012-A, 5.00%, due 7/1/21 |
1,123 |
ß |
||||||||
1,050 |
Erie Co. IDA Sch. Fac. Rev. (Buffalo City Sch. Dist.), Ser. 2009-A, 5.25%, due 5/1/25 |
1,179 |
|||||||||
1,270 |
Geneva Dev. Corp. Rev. (Hobart & William Smith College Proj.), Ser. 2012, 5.00%, due 9/1/21 |
1,456 |
ß |
||||||||
1,500 |
Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2009, 5.75%, due 7/1/23 |
1,667 |
ß |
||||||||
580 |
Islip, G.O., Ser. 2012, 3.00%, due 8/1/25 |
564 |
|||||||||
1,050 |
Long Island Pwr. Au. Elec. Sys. Gen. Rev., Ser. 2006-E, (BHAC Insured), 5.00%, due 12/1/21 |
1,136 |
|||||||||
185 |
Lyons Comm. Hlth. Initiatives Corp. Fac. Rev., Ser. 2004, 5.50%, due 9/1/14 |
187 |
|||||||||
2,000 |
Metropolitan Trans. Au. Rev., Ser. 2012-F, 5.00%, due 11/15/21 |
2,328 |
|||||||||
1,000 |
Monroe Co. IDA Civic Fac. Rev. (Highland Hosp. of Rochester), Ser. 2005, 5.00%, due 8/1/15 |
1,066 |
ß |
||||||||
500 |
Monroe Co. Ind. Dev. Corp. Rev. (Nazareth College of Rochester Proj.), Ser. 2013-A, 5.00%, due 10/1/24 |
518 |
ß |
||||||||
500 |
Monroe Co. Ind. Dev. Corp. Rev. (Nazareth College of Rochester Proj.), Ser. 2013-A, 5.00%, due 10/1/25 |
513 |
ß |
||||||||
250 |
Monroe Co. Ind. Dev. Corp. Rev. (Nazareth College of Rochester Proj.), Ser. 2013-A, 4.00%, due 10/1/26 |
229 |
ß |
||||||||
1,120 |
Monroe Co. Ind. Dev. Corp. Rev. (St. John Fisher College), Ser. 2012-A, 5.00%, due 6/1/23 |
1,216 |
ß |
||||||||
210 |
Monroe Co. Ind. Dev. Corp. Rev. (St. John Fisher College), Ser. 2012-A, 5.00%, due 6/1/25 |
223 |
ß |
||||||||
840 |
Monroe Co. Newpower Corp. Pwr. Fac. Rev., Ser. 2003, 5.10%, due 1/1/16 |
848 |
|||||||||
2,000 |
Nassau Co. G.O. (Gen. Imp. Bonds), Ser. 2013-B, 5.00%, due 4/1/28 |
2,151 |
|||||||||
950 |
New York City G.O., Ser. 2009-B, 5.00%, due 8/1/22 |
1,087 |
|||||||||
1,000 |
New York City G.O., Ser. 2009-E, 5.00%, due 8/1/21 |
1,142 |
|||||||||
1,925 |
New York City G.O., Subser. 2012-G1, 5.00%, due 4/1/27 |
2,137 |
See Notes to Schedule of Investments
18
Schedule of Investments New York Intermediate Municipal Fund Inc.
cont'd
PRINCIPAL AMOUNT |
SECURITY |
VALUE† |
(000's omitted) |
(000's omitted)z | ||||||||||
$ |
1,560 |
New York City IDA Civic Fac. Rev. (Packer Collegiate Institute Proj.), Ser. 2002, (AMBAC Insured), 5.00%, due 6/1/22 |
$ |
1,562 |
ß |
||||||
2,000 |
New York City IDA Spec. Fac. Rev. (Term. One Group Assoc. Proj.), Ser. 2005, 5.50%, due 1/1/19 |
2,162 |
µß |
||||||||
2,000 |
New York City Transitional Fin. Au. Rev. (Future Tax Secured), Ser. 2011-C, 5.00%, due 11/1/27 |
2,233 |
|||||||||
2,000 |
New York Liberty Dev. Corp. Rev. (Goldman Sachs Headquarters), Ser. 2005, 5.25%, due 10/1/35 |
2,146 |
ß |
||||||||
660 |
New York Liberty Dev. Corp. Rev. (Nat'l Sports Museum Proj.), Ser. 2006-A, 6.13%, due 2/15/19 |
0 |
#‡ |
||||||||
3,000 |
New York St. Dorm. Au. Ref. Rev. (North Gen. Hosp. Proj.), Ser. 2003, 5.75%, due 2/15/17 |
3,010 |
ß |
||||||||
250 |
New York St. Dorm. Au. Rev. (Brookdale Hosp. Med. Ctr.), Ser. 1998-J, 5.20%, due 2/15/16 |
251 |
ß |
||||||||
1,105 |
New York St. Dorm. Au. Rev. (City Univ. Sys. Proj.), Ser. 1995-A, 5.63%, due 7/1/16 |
1,196 |
|||||||||
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 |
501 |
ß |
||||||||
2,525 |
New York St. Dorm. Au. Rev. (Rivington House Hlth. Care Fac.), Ser. 2002, (SONYMA Insured), 5.25%, due 11/1/15 |
2,533 |
ß |
||||||||
1,395 |
New York St. Dorm. Au. Rev. (SS Joachim & Anne Residence Proj.), Ser. 2002, (LOC: Allied Irish Banks), 4.60%, due 7/1/16 |
1,396 |
ß |
||||||||
780 |
New York St. Dorm. Au. Rev. Non St. Supported Debt (Culinary Institute of America), Ser. 2013, 4.63%, due 7/1/25 |
808 |
ß |
||||||||
500 |
New York St. Dorm. Au. Rev. Non St. Supported Debt (Manhattan Marymount College), Ser. 2009, 5.00%, due 7/1/24 |
518 |
ß |
||||||||
650 |
New York St. Dorm. Au. Rev. Non St. Supported Debt (Miriam Osborn Mem. Home Assoc.), Ser. 2012, 5.00%, due 7/1/27 |
668 |
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 |
986 |
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 |
1,740 |
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 |
2,024 |
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 |
1,073 |
ß |
||||||||
865 |
New York St. Dorm. Au. Rev. Non St. Supported Debt (NYU Hosp. Ctr.), Ser. 2007-B, 5.25%, due 7/1/24 |
932 |
ß |
||||||||
1,375 |
New York St. Dorm. Au. Rev. Non St. Supported Debt (Rochester Institute of Technology), Ser. 2012, 4.00%, due 7/1/28 |
1,377 |
ß |
||||||||
2,000 |
New York St. Dorm. Au. Rev. Non St. Supported Debt (St. John's Univ.), Ser. 2007-C, (National Public Finance Guarantee Corp. Insured), 5.25%, due 7/1/19 |
2,353 |
ß |
||||||||
1,350 |
New York St. Dorm. Au. Rev. Non St. Supported Debt (Univ. Facs.), Ser. 2013-A, 5.00%, due 7/1/28 |
1,476 |
|||||||||
2,000 |
New York St. Dorm. Au. Rev. St. Personal Income Tax Rev., Ser. 2012-A, 5.00%, due 12/15/26 |
2,277 |
|||||||||
1,500 |
New York St. Env. Fac. Corp. Solid Waste Disp. Rev. (Waste Management, Inc. Proj.), Ser. 2004-A, 2.75%, due 7/1/17 |
1,511 |
ß |
||||||||
2,000 |
New York St. Env. Facs. Corp. (St. Clean Wtr. & Drinking), Ser. 2012-A, 4.00%, due 6/15/26 |
2,123 |
|||||||||
1,615 |
New York St. HFA Rev. (Affordable Hsg.), Ser. 2009-B, 4.50%, due 11/1/29 |
1,588 |
|||||||||
960 |
New York St. HFA Rev. (Affordable Hsg.), Ser. 2012-F, (SONYMA Insured), 3.05%, due 11/1/27 |
874 |
|||||||||
1,230 |
New York St. Muni. Bond Bank Agcy., Subser. 2009-B1, 5.00%, due 12/15/23 |
1,367 |
|||||||||
1,295 |
New York St. Muni. Bond Bank Agcy., Subser. 2009-B1, 5.00%, due 12/15/24 |
1,423 |
|||||||||
1,475 |
New York St. Thruway Au. Second Gen. Hwy. & Bridge Trust Fund Bonds, Ser. 2007-B, 5.00%, due 4/1/20 |
1,688 |
|||||||||
1,090 |
New York St. Thruway Au. Second Gen. Hwy. & Bridge Trust Fund Bonds, Ser. 2009-B, 5.00%, due 4/1/19 |
1,278 |
|||||||||
1,250 |
New York St. Urban Dev. Corp. Ref. Rev., Ser. 2008-D, 5.25%, due 1/1/20 |
1,452 |
|||||||||
965 |
New York St. Urban Dev. Corp. Rev. (St. Personal Income Tax), Ser. 2008-A1, 5.00%, due 12/15/23 |
1,083 |
|||||||||
1,375 |
New York Tobacco Settlement Fin. Corp., Ser. 2003-B1C, 5.50%, due 6/1/22 |
1,380 |
|||||||||
785 |
Newburgh, G.O., Ser. 2012-A, 5.00%, due 6/15/22 |
793 |
|||||||||
900 |
Niagara Area Dev. Corp. Rev. (Covanta Energy Proj.), Ser. 2012, 4.00%, due 11/1/24 |
831 |
ß |
||||||||
640 |
Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.), Ser. 2012-A, 5.00%, due 5/1/25 |
665 |
ß |
||||||||
300 |
Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.), Ser. 2012-A, 5.00%, due 5/1/26 |
310 |
ß |
||||||||
1,000 |
Onondaga Co. Trust Cultural Res. Rev. (Syracuse Univ. Proj.), Ser. 2010-B, 5.00%, due 12/1/19 |
1,171 |
ß |
||||||||
3,000 |
Port Au. New York & New Jersey Cons. Bonds, Ser. 2012-175, 3.00%, due 12/1/27 |
2,758 |
|||||||||
750 |
Rensselaer City Sch. Dist. Cert. Participation, Ser. 2006, (XLCA Insured), 5.00%, due 6/1/26 |
751 |
See Notes to Schedule of Investments
19
Schedule of Investments New York Intermediate Municipal Fund Inc.
cont'd
PRINCIPAL AMOUNT |
SECURITY |
VALUE† |