As filed with the Securities and Exchange Commission on January 8, 2014
 
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 and President
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
 
Date of reporting period: October 31, 2013
 
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.

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 Index
4 
       

-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