As filed with the Securities and Exchange Commission on January 8, 2016
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 Registrant as specified in charter)
c/o Neuberger Berman Investment Advisers 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 Investment Advisers 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, 2015
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, as amended (“Act”) (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.
Following is a copy of the annual report transmitted to shareholders pursuant to Rule 30e-1 under the Act.

 

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, 2015

 
                
 

Contents
 
President’s Letter       1
 
PORTFOLIO COMMENTARIES 2
 
SCHEDULES OF INVESTMENTS  
     
California Intermediate Municipal Fund Inc. 6
     
Intermediate Municipal Fund Inc. 10
     
New York Intermediate Municipal Fund Inc. 19
 
FINANCIAL STATEMENTS 29
 
FINANCIAL HIGHLIGHTS/PER SHARE DATA
     
California Intermediate Municipal Fund Inc. 39
     
Intermediate Municipal Fund Inc. 40
     
New York Intermediate Municipal Fund Inc. 41
 
Report of Independent Registered Public Accounting Firm 43
     
Distribution Reinvestment Plan for each Fund 44
     
Directory 47
     
Directors and Officers 48
     
Proxy Voting Policies and Procedures 57
     
Quarterly Portfolio Schedule 57
     
Notice to Stockholders 58
     
Report of Votes of Stockholders 59
     
Board Consideration of the Management and
Sub-Advisory Agreements 60
 

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. ©2015 Neuberger Berman Management LLC. All rights reserved.

President’s Letter

Dear Stockholder,

I am pleased to present this annual report for the Neuberger Berman Intermediate Municipal Closed-End Funds for the 12 months ended October 31, 2015. 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, 2015, on a net asset value (NAV) basis, all three of the Neuberger Berman Intermediate Municipal Closed-End Funds posted positive returns and outperformed their benchmark, the Barclays 10-Year Municipal Bond Index. California Intermediate Municipal Fund, Intermediate Municipal Fund and New York Intermediate Municipal Fund posted 4.37%, 4.21% and 3.70% total returns for the period, respectively, whereas the benchmark generated a 3.19% return. (Fund performance on a market basis is provided in the table immediately following this letter.) The use of leverage (typically a performance enhancer in up markets and a detractor during market retreats) contributed to the performance of each Fund given the positive return delivered by the municipal market during the reporting period.

The municipal bond market posted a positive return and outperformed the overall taxable bond market during the reporting period. Fundamentals in the municipal market generally improved along with the U.S. economy. This, coupled with declining long-term interest rates, was supportive for the tax-free market. While new supply was robust during the period, it was generally well absorbed by investor demand.

Given the steepness of the municipal yield curve and our aim to generate incremental income, we maintained a long duration for each of the Funds. This benefited performance as interest rates generally declined during the reporting period. In terms of the Funds’ yield curve positioning, we maintained a barbell approach (investing in shorter and longer maturities). In contrast, the Funds’ benchmark is concentrated in the eight- to 12-year portion of the curve. Yield curve positioning detracted from results as the intermediate portion of the municipal curve outperformed its short- and longer-term counterparts.

The Funds maintained a lower quality relative to that of the benchmark in an attempt to generate additional yield. This was additive for results given the outperformance of lower quality bonds during the reporting period. From a sector perspective, overweights to hospitals and housing benefited results as these higher yielding sectors outperformed the benchmark.

A number of changes were made to the Funds during the reporting period. We allowed the Funds’ long durations to drift a bit shorter with the passage of time, in an effort to reduce interest rate risk. Given our quest to generate additional yield, we increased the Funds’ (with the exception of the California Intermediate Municipal Fund) allocation to securities rated BBB and lower. Finally, we increased the Funds’ allocations to the long end of the municipal yield curve and pared their exposure to the intermediate segment of the curve. This was done given our anticipation of a flattening of the municipal yield curve.

Looking ahead, we have a generally positive outlook for the municipal market. Fundamentally, we believe the U.S. economy will continue to expand with modest inflation. Moving forward, we see two major factors driving market performance. First, we believe the U.S. Federal Reserve is likely to pressure absolute returns as it moves off its zero-rate target. This could have an uneven impact on the yield curve, highlighting the potential benefits of active yield curve management. Second, we think the municipal market should benefit from what we think are still attractive valuations relative to taxable alternatives. This, in turn, could drive overall solid investor demand. At the same time, supply could moderate as municipalities have already aggressively taken advantage of low interest rates to refinance existing debt and lower borrowing costs. Finally, while we see an overall favorable environment for the municipal market, investment sentiment could be challenged at times by headlines surrounding the lingering effects of Puerto Rico’s debt restructuring and other one-off credit events.

Sincerely,

JAMES L. ISELIN AND S. BLAKE MILLER
PORTFOLIO CO-MANAGERS

The portfolio 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 shares of a Fund’s common stock, 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 Inc.   NBW  
Intermediate Municipal Fund Inc.   NBH  
New York Intermediate Municipal Fund Inc.   NBO  

CALIFORNIA INTERMEDIATE MUNICIPAL FUND INC. PORTFOLIO BY STATE AND TERRITORY
(as a % of Total Investments*)
American Samoa       0.4 %  
California 83.9
Florida 0.4
Georgia 0.4
Guam 1.6
Illinois 1.5
Louisiana 0.4  
Nevada 0.8
New Jersey 0.6
North Carolina 0.6
Pennsylvania 1.6
Puerto Rico   6.8
Tennessee 0.4
Virgin Islands 0.6
Total 100.0 %

* Derivatives, if any, are excluded from this chart.

NEW YORK INTERMEDIATE MUNICIPAL FUND INC. PORTFOLIO BY STATE AND TERRITORY
(as a % of Total Investments*)
American Samoa       0.4 %  
California 3.4
Georgia 0.4
Guam 2.0
Illinois 1.7
Louisiana 0.5
Nevada 0.9
New York   85.1  
Ohio 0.4
Pennsylvania 1.9
Puerto Rico 2.6
Virgin Islands 0.7
Total 100.0 %

* Derivatives, if any, are excluded from this chart.

PERFORMANCE HIGHLIGHTS1

Average Annual Total Return
Inception Ended 10/31/2015
At NAV2   Date   1 Year   5 Years   10 Years   Life of Fund
California Intermediate
Municipal Fund Inc.		 09/24/2002 4.37 % 5.72 % 5.95 %   6.03 %  
Intermediate Municipal
Fund Inc.		 09/24/2002 4.21 % 7.07 % 6.46 % 6.48 %
New York Intermediate
Municipal Fund Inc.		 09/24/2002 3.70 % 4.83 % 5.39 % 5.53 %
At Market Price3  
California Intermediate
Municipal Fund Inc.		   09/24/2002   4.16 % 6.69 % 6.64 % 5.66 %
Intermediate Municipal
Fund Inc.		 09/24/2002 6.74 % 6.86 % 7.04 % 5.94 %
New York Intermediate
Municipal Fund Inc.		 09/24/2002 2.76 % 3.91 % 5.69 % 4.86 %
Index
Barclays 10 Year
Municipal Bond Index4		 3.19 % 4.61 % 5.24 % 4.81 %

Closed-end funds, unlike open-end funds, are not continually offered. Generally, there is an initial public offering and, once issued, shares of common stock of closed-end funds are sold in the secondary market on 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/cef-performance.

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 stockholder would pay on Fund distributions or on the sale of shares of a Fund’s common stock.

The investment return and market price will fluctuate and shares of a Fund’s common stock may trade at prices above or below NAV. Shares of a Fund’s common stock, 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 the Notes to Financial Highlights for additional information regarding fee waivers.

INTERMEDIATE MUNICIPAL FUND INC. PORTFOLIO BY STATE AND TERRITORY

(as a % of Total Investments*)      
Alabama 0.4 %   Nevada 1.6 %  
American Samoa 0.4 New Hampshire 0.3
Arizona 3.9 New Jersey 3.5  
California 18.9     New Mexico 0.3
Colorado 2.3 New York 8.0
Connecticut 0.2 North Carolina 2.4
District of Columbia 1.9 Ohio 0.9
Florida 3.2 Oklahoma   0.2
Georgia 0.2 Oregon 0.1
Guam 1.1 Pennsylvania 5.6
Hawaii 1.7 Puerto Rico 0.4
Illinois 11.2 Rhode Island 0.9
Indiana   3.2 Tennessee 1.2
Iowa 1.9 Texas 4.2
Kentucky 0.0 Utah 1.3
Louisiana 0.9 Vermont 2.0
Maine 0.5 Virginia 0.4
Maryland 0.5 Washington 2.4
Massachusetts 4.4 West Virginia 0.2
Michigan 1.0 Wisconsin 3.2
Minnesota 1.0 Tax Exempt Preferred 0.4
Mississippi 0.9 Total 100.0 %
Missouri 0.8

* Derivatives, if any, are excluded from this chart.


 
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 stockholders.
 
2 Returns based on the NAV of each Fund.
 
3 Returns based on the market price of shares of each Fund’s common stock on the NYSE MKT.
 
4 Please see “Description of Index” 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 Neuberger Berman Management LLC* at (800) 877-9700, or visit our website at www.nb.com.

*  Please note, as explained further in Note E to the Financial Statements, following a consolidation of certain Neuberger Berman entities, including Neuberger Berman Management LLC, that is anticipated to occur on or about January 1, 2016, the name of the investment manager to the Fund will be Neuberger Berman Investment Advisers LLC.
4

Description of Index

Barclays 10-Year Municipal
Bond Index:

The index is the 10-year (8-12 years to maturity) component of the Barclays Municipal Bond Index. The Barclays Municipal Bond Index measures the investment grade, U.S. dollar-denominated, long-term, tax-exempt bond market and has four main sectors: state and local general obligation bonds, revenue bonds, insured bonds and prerefunded bonds.

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 are 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 generally do not invest in all securities included in the index.

5

Schedule of Investments California Intermediate Municipal Fund Inc.
10/31/15

PRINCIPAL
AMOUNT
 (000’s omitted)
     VALUE†
(000’s omitted)Z
Municipal Notes (167.6%)
American Samoa (0.7%)
        $600                 American Samoa Econ. Dev. Au. Gen. Rev. Ref., Ser. 2015-A, 6.25%, due 9/1/29         $601        
 
California (140.6%)
1,000 Bay Area Toll Au. Toll Bridge Rev., Ser. 2013-S-4, 5.00%, due 4/1/27 1,162
1,500 Bay Area Toll Au. Toll Bridge Rev. (San Francisco Bay Area), Ser. 2012, 5.00%, due 4/1/21 1,789
500 California Ed. Fac. Au. Rev. (Scripps College), Ser. 2007, (National Public Finance Guarantee Corp. 500 ß
Insured), 5.00%, due 11/1/15
2,000 California HFA Home Mtge. Rev., Ser. 2006-E, (FGIC Insured), 4.88%, due 2/1/17 2,013
1,000 California HFA Home Mtge. Rev., Ser. 2006-E, (FGIC Insured), 4.95%, due 8/1/26 1,008
130 California HFA Home Mtge. Rev., Ser. 2007-E, 5.00%, due 2/1/42 133
1,500 California Hlth. Facs. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.), Ser. 2005, 5.00%, due 11/15/21 1,507 ß
1,000 California Hlth. Facs. Fin. Au. Rev. (Children’s Hosp. Los Angeles), Ser. 2012-A, 5.00%, due 11/15/26 1,111 ß
1,000   California Infrastructure & Econ. Dev. Bank St. Sch. Fund Lease Rev. (King City Joint Union High Sch.   1,147
    Dist. Fin.), Ser. 2010, 5.13%, due 8/15/24
1,000 California Muni. Fin. Au. Charter Sch. Lease Rev. (Sycamore Academy Proj.), Ser. 2014, 994 #ß
  5.63%, due 7/1/44
500 California Muni. Fin. Au. Charter Sch. Lease Rev. (Vista Charter Middle Sch. Proj.), Ser. 2014, 490 Ñß
5.13%, due 7/1/29      
255 California Muni. Fin. Au. Charter Sch. Rev. (John Adams Academics Proj.), Ser. 2015-A,   257 ß
4.50%, due 10/1/25
100 California Muni. Fin. Au. Ed. Rev. (American Heritage Ed. Foundation Proj.), Ser. 2006-A, 101 ß
5.00%, due 6/1/16
500 California Muni. Fin. Au. Rev. (Baptist Univ.), Ser. 2015-A, 5.00%, due 11/1/30 502 ñß
375 California Muni. Fin. Au. Rev. (Biola Univ.), Ser. 2013, 4.00%, due 10/1/25 398 ß
410 California Muni. Fin. Au. Rev. (Biola Univ.), Ser. 2013, 4.00%, due 10/1/26 429 ß
455 California Muni. Fin. Au. Rev. (Biola Univ.), Ser. 2013, 4.00%, due 10/1/27 471 ß
1,040 California Muni. Fin. Au. Rev. (Loma Linda Univ.), Ser. 2007, 5.00%, due 4/1/21 1,101 ß
600 California Muni. Fin. Au. Rev. (Southwestern Law Sch.), Ser. 2011, 6.00%, due 11/1/26 692 ß
605 California Muni. Fin. Au. Rev. (Touro College & Univ. Sys. Obligated Group), Ser. 2014-A, 628 ß
4.00%, due 1/1/27
630 California Muni. Fin. Au. Rev. (Touro College & Univ. Sys. Obligated Group), Ser. 2014-A, 651 ß
4.00%, due 1/1/28
330 California Muni. Fin. Au. Rev. (Touro College & Univ. Sys. Obligated Group), Ser. 2014-A, 336 ß
4.00%, due 1/1/29
100 California Poll. Ctrl. Fin. Au. Ref. PCR (Pacific Gas & Elec. Co.), Ser. 1996-C, (LOC: JP Morgan Chase), 100 µß
0.01%, due 11/1/26
400 California Sch. Fac. Fin. Au. Rev. (Alliance College - Ready Pub. Sch. Proj.), Ser. 2015-A, 424 ñß
5.00%, due 7/1/30
450 California Sch. Fac. Fin. Au. Rev. (KIPP LA Proj.), Ser. 2014-A, 4.13%, due 7/1/24 472 ß
555 California St. Dept. of Wtr. Res. Ctr. Valley Proj. Rev. (Wtr. Sys.), Ser. 2012-AN, 5.00%, due 12/1/21 670
1,240 California St. Dept. of Wtr. Res. Pwr. Supply Rev., Ser. 2010-L, 5.00%, due 5/1/22 1,458
Pre-Refunded 5/1/20
760 California St. Dept. of Wtr. Res. Pwr. Supply Rev., Ser. 2010-L, 5.00%, due 5/1/22 878
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 1,748
2,000 California St. Poll. Ctrl. Fin. Au. Wtr. Furnishing Rev., Ser. 2012, 5.00%, due 7/1/27 2,204 ñß
1,095 California St. Pub. Works Board Lease Rev. (California Comm. Colleges), Ser. 2004-B, 1,099
5.50%, due 6/1/20
1,000 California St. Pub. Works Board Lease Rev. (Dept. of Gen. Svc.) (Cap. East End), Ser. 2002-A, 1,004
(AMBAC Insured), 5.25%, due 12/1/16
600 California St. Sch. Fin. Au. Ed. Facs. Rev. (Partnerships Uplifts Comm. Valley Proj.), Ser. 2014-A, 667 ß
5.35%, due 8/1/24
1,000 California St. Var. Purp. G.O., Ser. 2012, 4.00%, due 9/1/21 1,139
120 California Statewide CDA Cert. of Participation Rev. (The Internext Group), Ser. 1999, 120 ß
5.38%, due 4/1/17
870 California Statewide CDA Rev. (California Baptist Univ.), Ser. 2007-A, 5.30%, due 11/1/18 908 ß

See Notes to Schedule of Investments

6

Schedule of Investments California Intermediate Municipal Fund Inc.
(cont’d)

PRINCIPAL
AMOUNT
 (000’s omitted)		 VALUE†
(000’s omitted)Z
        $720                 California Statewide CDA Rev. (Henry Mayo Newhall Mem. Hosp.), Ser. 2014-A, (AGM Insured),         $834 ß
5.00%, due 10/1/26
415 California Statewide CDA Rev. (Lancer Ed. Std. Hsg. Proj.), Ser. 2007, 5.40%, due 6/1/17 427 ß
700 California Statewide CDA Rev. (Redwoods Proj.), Ser. 2013, 5.00%, due 11/15/28 813 ß
1,255 California Statewide CDA Rev. (Sr. Living So. California Presbyterian Homes), Ser. 2009, 1,357 ñß
6.25%, due 11/15/19
1,500 California Statewide CDA Rev. (St. Joseph Hlth. Sys.), Ser. 2000, (National Public Finance Guarantee 1,662 ß
Corp. Insured), 5.13%, due 7/1/24
130 California Statewide CDA Rev. (Valley Care Hlth. Sys.), Ser. 2007-A, 4.80%, due 7/15/17 136 ß
1,500 California Statewide CDA Rev. Ref. (Loma Linda Univ. Med. Ctr.), Ser. 2014-A, 5.25%, due 12/1/29 1,630 ß
1,200 California Statewide CDA Spec. Tax Rev. Ref. (Comm. Facs. Dist. #2007-01 Orinda Wilder Proj.), 1,264
Ser. 2015, 4.50%, due 9/1/25
350 Corona Norco Unified Sch. Dist. Pub. Fin. Au. Sr. Lien Rev., Ser. 2013-A, 5.00%, due 9/1/26 392        
560 Corona Norco Unified Sch. Dist. Pub. Fin. Au. Sr. Lien Rev., Ser. 2013-A, 5.00%, due 9/1/27 623
1,365 Daly City Hsg. Dev. Fin. Agcy. Rev. Ref. (Franciscan Mobile Home Park), Ser. 2007-A, 1,466 ß
5.00%, due 12/15/21
2,000 Davis Joint Unified Sch. Dist. Cert. of Participation (Yolo Co.), Ser. 2014, (BAM Insured), 2,259
4.00%, due 8/1/24
1,250 Emeryville Redev. Agcy. Successor Agcy. Tax Allocation Ref. Rev., Ser. 2014-A, (AGM Insured), 5.00%, 1,504
due 9/1/25
1,000 Fresno Unified Sch. Dist. Ref. G.O., Ser. 2002-A, (National Public Finance Guarantee Corp. Insured), 1,067
6.00%, due 2/1/17
2,000 Glendale Redev. Agcy. Tax Allocation Rev. (Central Glendale Redev. Proj.), Ser. 2010, 2,074
5.50%, due 12/1/24
1,000 Imperial Comm. College Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, (AGM Insured), 1,218  
6.75%, due 8/1/40
1,000 Inglewood Pub. Fin. Au. Ref. Rev., Ser. 2012, 5.00%, due 8/1/18 1,094
1,000 Inglewood Unified Sch. Dist. Facs. Fin. Au. Rev., Ser. 2007, (AGM Insured), 5.25%, due 10/15/26 1,188
150 Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2), Ser. 2013, 4.00%, due 9/1/23 162
300 Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2), Ser. 2013, 4.00%, due 9/1/24 321
450 Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2), Ser. 2013, 4.00%, due 9/1/25 478
645 Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2), Ser. 2013, 3.50%, due 9/1/26 657
690 Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2), Ser. 2013, 3.63%, due 9/1/27 703
2,100 Irvine Unified Sch. Dist. Spec. Tax (Comm. Facs. Dist. Number 9), Ser. 2014-A, (LOC: U.S Bank), 2,100 µ
0.01%, due 9/1/53
680 Jurupa Pub. Fin. Auth. Spec. Tax Rev., Ser. 2014-A, 5.00%, due 9/1/24 812
315 La Verne Cert. of Participation (Brethren Hillcrest Homes), Ser. 2014, 5.00%, due 5/15/26 342 ß
500 La Verne Cert. of Participation (Brethren Hillcrest Homes), Ser. 2014, 5.00%, due 5/15/29 534 ß
1,105 Lodi Pub. Fin. Au. Lease Rev., Ser. 2012, 5.25%, due 10/1/26 1,280
495 Long Beach Fin. Au. Rev., Ser. 1992, (AMBAC Insured), 6.00%, due 11/1/17 508
3,900 Los Angeles Co. Metro. Trans. Au. Sales Tax Prop. A First Tier Sr. Rev., Ser. 2012-A, 4,673
5.00%, due 7/1/21
2,000 Los Angeles Muni. Imp. Corp. Lease Ref. Rev. (Real Property), Ser. 2012-C, 5.00%, due 3/1/27 2,277
500 Los Angeles Reg. Arpt. Imp. Corp. Lease Rev. (Laxfuel Corp.), Ser. 2012, 4.50%, due 1/1/27 531 ß
850 Mill Valley Sch. Dist. G.O. Cap. Appreciation, Ser. 1994-A, 0.00%, due 8/1/19 752
1,000 Mountain House Pub. Fin. Au. Utils. Sys. Rev., Ser. 2007, 5.00%, due 12/1/22 1,086
1,385 Ohlone Comm. College Dist. G.O. (Election 2010), Ser. 2014-B, 0.00%, due 8/1/29 783
1,490 Oxnard Harbor Dist. Rev., Ser. 2011-B, 4.50%, due 8/1/24 1,629
1,500 Pico Rivera Pub. Fin. Au. Lease Rev., Ser. 2009, 4.75%, due 9/1/25 1,670
1,000 Rancho Cucamonga Redev. Agcy. Successor Agcy. Tax Allocation Rev. (Rancho Redev. Proj.), 1,181
Ser. 2014, (AGM Insured), 5.00%, due 9/1/27
460 Riverside Co. Comm. Facs. Dist. Spec. Tax Rev. (Scott Road), Ser. 2013, 4.00%, due 9/1/21 457
600 Riverside Co. Comm. Facs. Dist. Spec. Tax Rev. (Scott Road), Ser. 2013, 5.00%, due 9/1/25 632
1,320 Riverside Co. Trans. Commission Toll Rev. Sr. Lien (Cap. Appreciation), Ser. 2013-B, 1,029
0.00%, due 6/1/22
1,500 Riverside Co. Trans. Commission Toll Rev. Sr. Lien (Cap. Appreciation), Ser. 2013-B, 1,114
0.00%, due 6/1/23
360 Roseville Stone Point Comm. Fac. Dist. Number 1 Special Tax Rev., Ser. 2003, 5.70%, due 9/1/17 361
1,000 Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.), Ser. 2006-E, (AMBAC Insured), 1,237
5.25%, due 12/1/24

See Notes to Schedule of Investments

7

Schedule of Investments California Intermediate Municipal Fund Inc.
(cont’d)

PRINCIPAL
AMOUNT
 (000’s omitted)		 VALUE†
(000’s omitted)Z
        $400                 Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.), Ser. 2006-E, (AMBAC Insured), 5.25%, $494
due 12/1/26
2,600 Sacramento Muni. Utils. Dist. Elec. Rev., Ser. 1997-K, (AMBAC Insured), 5.70%, due 7/1/17 2,824
1,350 San Bernardino Comm. College Dist. G.O. (Election 2002), Ser. 2008-A, 6.25%, due 8/1/24 1,552
Pre-Refunded 8/1/18
400 San Diego Pub. Facs. Fin. Au. Lease Rev. (Ballpark), Ser. 2007-A, (AMBAC Insured), 423
5.25%, due 2/15/19
820 San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev. Proj.), Ser. 2003-B, 4.90%, due 9/1/16 823
750 San Francisco City & Co. Arpts. Commission Int’l Ref. Rev., Ser. 2009-D2, 3.00%, due 5/1/21 808
1,000 San Francisco City & Co. Arpts. Commission Int’l Ref. Rev., Ser. 2009-C2, 5.00%, due 5/1/21 1,139
2,115 San Francisco City & Co. Redev. Fin. Au. Tax Allocation (San Francisco Redev. Proj.), Ser. 2003-B, 2,117
(National Public Finance Guarantee Corp. Insured), 5.25%, due 8/1/18
2,000 San Francisco City & Co. Unified Sch. Dist. Ref. Rev., Ser. 2012, 4.00%, due 6/15/25 2,187
700 San Jose Multi-Family Hsg. Rev. (Fallen Leaves Apts. Proj.), Ser. 2002-J1, (AMBAC Insured), 702 ß
4.95%, due 12/1/22  
1,060 San Jose Redev. Agcy. Tax Allocation Ref. (Merged Area Redev. Proj.), Ser. 2006-D, (AMBAC Insured), 1,122
5.00%, due 8/1/21
1,000 San Juan Unified Sch. Dist. G.O., Ser. 2012-C, 4.00%, due 8/1/22 1,132
1,070 San Juan Unified Sch. Dist. G.O., Ser. 2012-C, 4.00%, due 8/1/25 1,168
1,000 San Mateo Union High Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, 692
0.00%, due 9/1/25
1,000 San Rafael City High Sch. Dist. G.O. Cap. Appreciation (Election 2002), Ser. 2004-B, (National Public 971
Finance Guarantee Corp. Insured), 0.00%, due 8/1/18
1,390 San Rafael Redev. Agcy. Tax Allocation Ref. (Central San Rafael Redev. Proj.), Ser. 2009, (Assured 1,605
Guaranty Insured), 5.00%, due 12/1/21
310 Santa Maria Bonita Sch. Dist. Cert. of Participation (New Sch. Construction Proj.), Ser. 2013, (BAM 319
Insured), 3.25%, due 6/1/25
575 Santa Maria Bonita Sch. Dist. Cert. of Participation (New Sch. Construction Proj.), Ser. 2013, (BAM 588
Insured), 3.50%, due 6/1/26
325 Santa Maria Bonita Sch. Dist. Cert. of Participation (New Sch. Construction Proj.), Ser. 2013, (BAM 330
Insured), 3.50%, due 6/1/27
270 Santa Maria Bonita Sch. Dist. Cert. of Participation (New Sch. Construction Proj.), Ser. 2013, (BAM 273
Insured), 3.50%, due 6/1/28
1,000 Santa Monica-Malibu Unified Sch. Dist. Ref. G.O., Ser. 2013, 3.00%, due 8/1/27 1,002
1,000 Successor Agcy. to the Monrovia Redev. Agcy. Tax Allocation Rev. (Cent. Redev. Proj.), 1,077
Ser. 2013, 5.00%, due 8/1/26
1,500 Sulphur Springs Union Sch. Dist. Cert. of Participation (Cap. Appreciation), Ser. 2010, (AGM Insured), 1,813 c
0.00%, due 12/1/37
2,000 Sweetwater Union High Sch. Dist. Pub. Fin. Au. Rev., Ser. 2013, (BAM Insured), 5.00%, due 9/1/25 2,366
2,000 Twin Rivers Unified Sch. Dist. Cert. of Participation (Sch. Fac. Bridge Funding Prog.), 2,004 µ
Ser. 2007, (AGM Insured), 3.20%, due 6/1/27 Putable 6/1/20
615 Vernon Elec. Sys. Rev., Ser. 2009-A, 5.13%, due 8/1/21 Pre-Refunded 8/1/19 679
1,385 Vernon Elec. Sys. Rev., Ser. 2009-A, 5.13%, due 8/1/21 1,527
3,000 Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C, 3,220 i
0.00%, due 8/1/37
1,500 Vista Unified Sch. Dist. G.O., Ser. 2012, 5.00%, due 8/1/21 1,791
3,500 William S.Hart Union High Sch. Dist. G.O. Cap. Appreciation (Election 2001), Ser. 2005-B, 2,432
(AGM Insured), 0.00%, due 9/1/26
2,250 Wiseburn Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-B, (AGM Insured), 1,724 j
0.00%, due 8/1/36
 
119,552
 
Florida (0.7%)
525 Lakeland Ed. Facs. Rev. (Florida So. College Proj.), Ser. 2012-A, 5.00%, due 9/1/24 584 ß
 
Georgia (0.7%)
600 Greene Co. Dev. Au. Swr. Fac. Rev., Ser. 2015, 6.13%, due 1/1/25 601 #ß

See Notes to Schedule of Investments

8

Schedule of Investments California Intermediate Municipal Fund Inc.
(cont’d)

PRINCIPAL
AMOUNT
(000’s omitted)

         

VALUE†
(000’s omitted)z
Guam (2.7%)         
$1,110                   Guam Gov’t Hotel Occupancy Tax Rev., Ser. 2011-A, 5.25%, due 11/1/18 $1,230
         1,000 Guam Gov’t Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25 1,103
2,333
 
Illinois (2.5%)
315 Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17 319
1,000 Chicago Ref. G.O., Ser. 2003-B, 5.00%, due 1/1/23 1,013
750 Illinois St. G.O., Ser. 2013, 5.00%, due 7/1/23 820
2,152
 
Louisiana (0.7%)
500 Louisiana Pub. Facs. Au. Rev. (Southwest Louisiana Charter Academy Foundation Proj.), Ser. 2013-A,
7.63%, due 12/15/28		 567 ß
 
Nevada (1.3%)
1,000 Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23 1,124
 
New Jersey (1.0%)
750 New Jersey St. Econ. Dev. Au. Rev. (Continental Airlines, Inc., Proj.), Ser. 1999, 5.13%, due 9/15/23 819 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		 777 ß
  
Pennsylvania (2.6%)
2,000 Pennsylvania St. Turnpike Commission Turnpike Rev. (Cap. Appreciation), Subser. 2010-B2, 0.00%,
due 12/1/34		 2,210 b
 
Puerto Rico (11.5%)
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		 2,044
3,300 Puerto Rico Ind., Tourist Ed. Med. & Env. Ctrl. Fac. Rev. (Bristol-Myers Squibb Proj.),
Ser. 2000, 0.47%, due 12/1/30		 3,300 µß
400 Puerto Rico Ind., Tourist Ed. Med. & Env. Ctrl. Fac. Rev. (Int’l American Univ. Proj.),
Ser. 2012, 5.00%, due 10/1/21		 397 ß
3,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002-A, (AGM Insured), 5.25%, due 8/1/17 3,005
1,000 Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002-A, (AGM Insured), 5.25%, due 8/1/21 1,002
9,748
 
Tennessee (0.7%)
500 Tennessee St. Energy Acquisition Corp. Gas Rev. (Goldman Sachs Group, Inc.),
Ser. 2006-A, 5.25%, due 9/1/23		 592
 
Virgin Islands (1.0%)
250 Virgin Islands Pub. Fin. Au. Rev., Ser. 2014-A, 5.00%, due 10/1/24 276
500 Virgin Islands Pub. Fin. Au. Rev., Ser. 2014-A, 5.00%, due 10/1/29 541
817
                            Total Investments (167.6%) (Cost $133,412)  142,477 ##
                            Cash, receivables and other assets, less liabilities (1.8%) 1,523
                            Liquidation Value of Variable Rate Municipal Term Preferred Shares [(69.4%)] (59,000 )
                          Total Net Assets Applicable to Common Stockholders (100.0%) $85,000

See Notes to Schedule of Investments

9

Schedule of Investments Intermediate Municipal Fund Inc. 10/31/15

PRINCIPAL
AMOUNT
(000’s omitted)

VALUE†
(000’s omitted)z
Municipal Notes (157.8%)
          
Alabama (0.7%)         
$1,900                   Selma IDB Rev. (Int’l Paper Co. Proj.), Ser. 2011-A, 5.38%, due 12/1/35          $2,114 ß
 
American Samoa (0.6%)
1,700 American Samoa Econ. Dev. Au. Gen. Rev. Ref., Ser. 2015-A, 6.25%, due 9/1/29 1,702
 
Arizona (6.1%)
5,000 Arizona Sch. Fac. Board Cert. of Participation, Ser. 2008, (Assured Guaranty Insured),
5.13%, due 9/1/21 Pre-Refunded 9/1/18		 5,606
5,870 Mohave Co. Ind. Dev. Au. Correctional Fac. Contract Rev. (Mohave Prison LLC Expansion Proj.),
Ser. 2008, 7.50%, due 5/1/19		 6,214 ß
3,500 Phoenix Ind. Dev. Au. Ed. Rev. (Great Hearts Academies Proj.), Ser. 2014, 3.75%, due 7/1/24 3,487 ñß
1,500 Phoenix Ind. Dev. Au. Solid Waste Disp. Rev. (Vieste Spec. LLC), Ser. 2013-A, 4.38%, due 4/1/28 675 ß
400 Phoenix-Mesa Gateway Arpt. Au. Spec. Fac. Rev. (Mesa Proj.), Ser. 2012, 5.00%, due 7/1/24 457 ‡
1,745 Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2006, 5.05%, due 7/15/18 1,776
18,215
 
California (29.9%)
190 California HFA Rev. (Home Mtge.), Ser. 2007-E, 5.00%, due 2/1/42 194
1,755 California HFA Rev. (Home Mtge.), Ser. 2006-E, (FGIC Insured), 4.95%, due 8/1/26 1,770
2,250 California Hlth. Facs. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.), Ser. 2009, 5.00%, due 8/15/39 2,492 ß
1,000 California Hlth. Facs. Fin. Au. Rev. (Children’s Hosp. Los Angeles), Ser. 2012-A, 5.00%, due 11/15/26 1,111 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		 1,978
805 California Muni. Fin. Au. Charter Sch. Lease Rev. (Sycamore Academy Proj.),
Ser. 2014, 5.00%, due 7/1/24		 811 #ß
630 California Muni. Fin. Au. Charter Sch. Lease Rev. (Sycamore Academy Proj.),
Ser. 2014, 5.13%, due 7/1/29		 632 #ß
1,195 California Muni. Fin. Au. Charter Sch. Lease Rev. (Vista Charter Middle Sch. Proj.),
Ser. 2014, 5.00%, due 7/1/24		 1,188 Ñß
430 California Muni. Fin. Au. Charter Sch. Lease Rev. (Vista Charter Middle Sch. Proj.),
Ser. 2014, 5.13%, due 7/1/29		 422 Ñß
570 California Muni. Fin. Au. Rev. (Baptist Univ.), Ser. 2015-A, 5.00%, due 11/1/30 573 ñß
585 California Muni. Fin. Au. Rev. (Touro College & Univ. Sys. Obligated Group),
Ser. 2014-A, 4.00%, due 1/1/26		 610 ß
1,300 California Sch. Fac. Fin. Au. Rev. (Alliance College - Ready Pub. Sch. Proj.),
Ser. 2015-A, 5.00%, due 7/1/30		 1,379 ñß
1,685 California St. G.O., Ser. 2007, (XLCA Insured), 4.50%, due 8/1/27 1,761
5,000 California St. Poll. Ctrl. Fin. Au. Wtr. Furnishing Rev., Ser. 2012, 5.00%, due 7/1/27 5,511 ñß
4,000 California St. Var. Purp. G.O., Ser. 2009, 5.63%, due 4/1/25 4,617
735 California Statewide CDA Rev. (California Baptist Univ. Proj.), Ser. 2007-A, 5.30%, due 11/1/18 767 ß
1,000 California Statewide CDA Spec. Tax Rev. Ref. (Comm. Facs. Dist. Number 2007-01 Orinda Wilder
Proj.), Ser. 2015, 4.25%, due 9/1/21		 1,055
2,000 Emery Unified Sch. Dist. G.O. (Election 2010), Ser. 2011-A, 6.50%, due 8/1/33 2,488
2,000 Imperial Comm. College Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, (AGM Insured),
6.75%, due 8/1/40		 2,436
1,950 Inglewood Pub. Fin. Au. Ref. Rev. (Lease), Ser. 2012, 5.00%, due 8/1/17 2,075
1,115 Inglewood Pub. Fin. Au. Ref. Rev. (Lease), Ser. 2012, 5.00%, due 8/1/18 1,220
590 La Verne Cert. of Participation Ref. (Brethren Hillcrest Homes), Ser. 2014, 5.00%, due 5/15/29 630 ß
3,620 Norwalk-La Mirada Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 2005-B, (AGM Insured),
0.00%, due 8/1/24		 2,795
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		 5,450 d
5,000 Redondo Beach Unified Sch. Dist. G.O., Ser. 2009, 0.00%, due 8/1/34 5,688 e

See Notes to Schedule of Investments

10

Schedule of Investments Intermediate Municipal Fund Inc. (cont’d)

PRINCIPAL
AMOUNT
(000’s omitted)

VALUE†
(000’s omitted)z
         $1,645                   Rocklin Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 1994-B, (National Public Finance Guarantee                  
Corp. Insured), 0.00%, due 8/1/19 $1,441
4,000 Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.), Ser. 2006-E, (AMBAC Insured),
5.25%, due 12/1/26 4,945
2,000 San Bernardino Comm. College Dist. G.O. Cap. Appreciation (Election), Ser. 2009-B, 1,967 f
0.00%, due 8/1/34
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 2,265
6,000 San Mateo Foster City Sch. Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2010-A,
0.00%, due 8/1/32		 5,055 g
1,540 Successor Agcy. to the Monrovia Redev. Agcy. Tax Allocation Rev. (Cent. Redev. Proj.),
Ser. 2013, 5.00%, due 8/1/26 1,658
2,040 Sweetwater Union High Sch. Dist. Pub. Fin. Au. Rev., Ser. 2013, (BAM Insured), 5.00%, due 9/1/25 2,413
920 Vernon Elec. Sys. Rev., Ser. 2009-A, 5.13%, due 8/1/21 Pre-Refunded 8/1/19 1,016
2,080 Vernon Elec. Sys. Rev., Ser. 2009-A, 5.13%, due 8/1/21 2,294
9,070 Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C,
0.00%, due 8/1/37		 9,735 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 3,491
3,000 Wiseburn Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-B, (AGM Insured),
0.00%, due 8/1/36		 2,298 j
88,973
 
Colorado (3.7%)
660 Colorado Ed. & Cultural Facs. Au. Rev. (Charter Sch.- Atlas Preparatory Sch. Proj.), 643 ñß
Ser. 2015, 4.50%, due 4/1/25
1,000 Colorado Ed. & Cultural Facs. Au. Rev. (Charter Sch.- Atlas Preparatory Sch. Proj.), 957 ñß
Ser. 2015, 5.13%, due 4/1/35
465 Colorado Ed. & Cultural Facs. Au. Rev. Ref., Ser. 2014, 4.00%, due 11/1/24 461 Ñß
750 Colorado Ed. & Cultural Facs. Au. Rev. Ref., Ser. 2014, 4.50%, due 11/1/29 737 Ñß
5,000 Denver City & Co. Arpt. Sys. Rev., Ser. 2011-B, 5.00%, due 11/15/24 5,681
2,550 Plaza Metro. Dist. Number 1 Tax Allocation Rev., Ser. 2013, 4.00%, due 12/1/23 2,584 ñ
11,063
 
Connecticut (0.3%)
750 Hamden G.O., Ser. 2013, (AGM Insured), 3.13%, due 8/15/25 760
 
District of Columbia (3.0%)
1,615 Dist. of Columbia HFA Rev. (Capitol Hill Towers Proj.), Ser. 2011, (Fannie Mae Insured), 1,720 ß
4.10%, due 12/1/26
750 Dist. of Columbia Hosp. Rev., Ser. 2010, (Assured Guaranty Insured), 0.21%, due 7/15/17 750 ñµ
3,035 Dist. of Columbia Rev. (Friendship Pub. Charter Sch.), Ser. 2012, 3.55%, due 6/1/22 3,103 ß
1,000 Metro. Washington Dist. of Columbia Arpt. Au. Sys. Rev., Ser. 2008-A, 5.50%, due 10/1/18 1,124
2,000 Metro. Washington Dist. of Columbia Arpt. Au. Sys. Rev., Ser. 2011-C, 5.00%, due 10/1/26 2,291
8,988
 
Florida (5.1%)
1,000 Cityplace Comm. Dev. Dist. Spec. Assessment Rev. Ref., Ser. 2012, 5.00%, due 5/1/26 1,088
1,000 Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.), Ser. 2012-A, 1,057 ß
5.50%, due 6/15/22
3,120 Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.), Ser. 2013-A, 3,338 ß
6.75%, due 12/15/27
1,750 Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.), Ser. 2014-A, 1,776 ß
5.75%, due 6/15/29

See Notes to Schedule of Investments

11

Schedule of Investments Intermediate Municipal Fund Inc. (cont’d)

PRINCIPAL
AMOUNT
(000’s omitted)

VALUE†
(000’s omitted)z
         $100                   Greater Orlando Aviation Au. Arpt. Facs. Ref. Rev. (Jetblue Airways Corp. Proj.), Ser. 2013,          $102 ß
5.00%, due 11/15/36         
1,000 Hillsborough Co. Ind. Dev. Au. IDR (Hlth. Facs.), Ser. 2008-B, 8.00%, due 8/15/32 1,263 ß
Pre-Refunded 8/15/19
1,135 Lakeland Ed. Facs. Rev. Ref. (Florida So. College Proj.), Ser. 2012-A, 5.00%, due 9/1/27 1,243 ß
2,000 Lee Co. Arpt. Ref. Rev., Ser. 2011-A, 5.63%, due 10/1/25 2,359
2,000 Martin Co. Ind. Dev. Au. Ref. Rev. (Indiantown Cogeneration Proj.), Ser. 2013, 4.20%, due 12/15/25 2,027 ß
1,000 Village Comm. Dev. Dist. Number 11 Spec. Assessment Rev., Ser. 2014, 4.13%, due 5/1/29 1,013
15,266
 
Georgia (0.4%)
1,100 Greene Co. Dev. Au. Swr. Fac. Rev., Ser. 2015, 6.13%, due 1/1/25 1,101 #ß
 
Guam (1.7%)
1,220 Guam Gov’t Hotel Occupancy Tax Rev., Ser. 2011-A, 5.75%, due 11/1/20 1,422
650 Guam Gov’t Hotel Occupancy Tax Rev., Ser. 2011-A, 5.75%, due 11/1/21 760
2,630 Guam Gov’t Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25 2,901
5,083
 
Hawaii (2.7%)
5,200 Hawaii St. Arpt. Sys. Ref. Rev., Ser. 2011, 4.13%, due 7/1/24 5,657
2,000 Hawaii St. Dept. of Budget & Fin. Spec. Purp. Rev. (Hawaii Elec. Co., Inc. - Subsidiary), 2,269 ß
Ser. 2009, 6.50%, due 7/1/39
7,926
 
Illinois (17.7%)
1,870 Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17 1,894
5,705 Berwyn G.O., Ser. 2013-A, 5.00%, due 12/1/27 6,396
2,000 Chicago G.O., Ser. 2002-B, 5.00%, due 1/1/25 2,017
1,000 Chicago Ref. G.O., Ser. 2005-D, 5.50%, due 1/1/40 1,018
700 Chicago Ref. G.O., Ser. 2014-A, 5.00%, due 1/1/27 704
1,350 Cook Co. Sch. Dist. Number 83 G.O. (Mannheim), Ser. 2013-C, 5.45%, due 12/1/30 1,455
1,960 Cook Co. Sch. Dist. Number 83 G.O. (Mannheim), Ser. 2013-C, 5.50%, due 12/1/31 2,116
1,970 Cook Co. Township High Sch. Dist. Number 225 Northfield Township, Ser. 2008, 5.00%, due 12/1/25 2,179
1,875 Illinois Fin. Au. Ref. Rev. (Roosevelt Univ. Proj.), Ser. 2009, 5.00%, due 4/1/16 1,894 ß
4,000 Illinois Fin. Au. Ref. Rev. (Roosevelt Univ. Proj.), Ser. 2009, 5.75%, due 4/1/24 4,279 ß
5,840 Illinois Fin. Au. Rev. (Provena Hlth.), Ser. 2010-A, 6.25%, due 5/1/22 6,800 ß
1,670 Illinois Metro. Pier & Exposition Au. Dedicated St. Tax Ref. Rev., Ser. 1998-A, (FGIC Insured), 1,801
5.50%, due 6/15/17
1,905 Illinois Sports Facs. Au. Cap. Appreciation Rev. (St. Tax Supported), Ser. 2001, (AMBAC Insured), 1,198
0.00%, due 6/15/26
3,900 Illinois St. G.O., Ser. 2012, 4.00%, due 8/1/25 3,853
1,000 Illinois St. G.O., Ser. 2013, 5.00%, due 7/1/23 1,094
1,830 Pingree Grove Village Rev. (Cambridge Lakes Learning Ctr. Proj.), Ser. 2011, 8.00%, due 6/1/26 2,003 ß
945 So. Illinois Univ. Cert. of Participation (Cap. Imp. Proj.), Ser. 2014-A-1, (BAM Insured), 1,030
5.00%, due 2/15/27
1,375 So. Illinois Univ. Cert. of Participation (Cap. Imp. Proj.), Ser. 2014-A-1, (BAM Insured), 1,487
5.00%, due 2/15/28
715 So. Illinois Univ. Cert. of Participation (Cap. Imp. Proj.), Ser. 2014-A-1, (BAM Insured), 767
5.00%, due 2/15/29
2,725 Univ. of Illinois (Hlth. Svc. Facs. Sys.), Ser. 2013, 5.00%, due 10/1/27 3,043 ß
2,875 Univ. of Illinois (Hlth. Svc. Facs. Sys.), Ser. 2013, 5.75%, due 10/1/28 3,455 ß
1,850 Will Co. High Sch. Dist. Number 204 G.O. (Joliet Jr. College), Ser. 2011-A, 6.25%, due 1/1/31 2,246
52,729

See Notes to Schedule of Investments

12

Schedule of Investments Intermediate Municipal Fund Inc. (cont’d)

PRINCIPAL
AMOUNT
(000’s omitted)

VALUE†
(000’s omitted)z
Indiana (5.1%)
$4,000 Indiana Bond Bank Rev. (Spec. Prog. Clark Mem. Hosp.), Ser. 2009-D, 5.50%, $4,590 ß
                           due 8/1/29 Pre-Refunded 2/1/19                  
500 Indiana Fin. Au. Midwestern Disaster Relief Rev. (Ohio Valley Elec. Corp. Proj.), 527 ß
Ser. 2012-A, 5.00%, due 6/1/32
500 Indiana Fin. Au. Rev. (I-69 Dev. Partners LLC), Ser. 2014, 5.25%, due 9/1/25 584 ß
500 Indiana Fin. Au. Rev. (I-69 Dev. Partners LLC), Ser. 2014, 5.25%, due 9/1/26 578 ß
4,000 Indiana Hlth. & Ed. Fac. Fin. Au. Hosp. Ref. Rev. (Clarian Hlth. Oblig. Group), 4,053 ß
Ser. 2006-B, 5.00%, due 2/15/21
3,055 Indiana Trans. Fin. Au. Hwy. Ref. Rev., Ser. 2004-B, (National Public Finance Guarantee Corp. Insured), 3,772
5.75%, due 12/1/21
1,000 Valparaiso Exempt Facs. Rev. (Pratt Paper LLC Proj.), Ser. 2013, 5.88%, due 1/1/24 1,154 ß
15,258
 
Iowa (3.1%)
5,110 Iowa Fin. Au. Rev. (St. Revolving Fund Prog.), Ser. 2008, 5.50%, due 8/1/22 Pre-Refunded 8/1/18 5,755
2,430 Iowa Std. Loan Liquidity Corp. Rev., Ser. 2011-A-1, 5.00%, due 12/1/21 2,583
700 Iowa Std. Loan Liquidity Corp. Rev., Ser. 2011-A-1, 5.30%, due 12/1/23 740
9,078
 
Kentucky (0.0%)
100 Ohio Co. PCR Ref. (Big Rivers Elec. Corp. Proj.), Ser. 2010-A, 6.00%, due 7/15/31 101 ß
 
Louisiana (1.5%)
1,500 Louisiana Local Gov’t Env. Fac. & Comm. (Westlake Chemical Corp.), Ser. 2010-A2, 1,765 ß
6.50%, due 11/1/35
775 Louisiana Pub. Facs. Au. Rev. (Southwest Louisiana Charter Academy Foundation Proj.), 880 ß
Ser. 2013-A, 7.63%, due 12/15/28
1,655 St. Charles Parish Gulf Zone Opportunity Rev. (Valero Energy Corp.), Ser. 2010, 4.00%, 1,762 µß
due 12/1/40 Putable 6/1/22
4,407
 
Maine (0.8%)
2,400 Maine St. Fin. Au. Solid Waste Disp. Rev. (Casella Waste Sys., Inc.), Ser. 2005, 2,475 ñµß
6.25%, due 1/1/25 Putable 2/1/17
 
Maryland (0.9%)
100 Howard Co. Retirement Comm. Rev. Ref. (Vantage House Fac.), Ser. 2007-A, 5.25%, due 4/1/33 97 ß
2,400 Prince Georges Co. Hsg. Au. Multi-Family Rev. (Bristol Pines Apts. Proj.), Ser. 2005, 2,443 µß
(Fannie Mae Insured), 4.85%, due 12/15/38 Putable 12/15/23
2,540
 
Massachusetts (7.0%)
200 Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/24 216 ß
415 Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/25 443 ß
200 Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/26 212 ß
190 Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/27 200 ß
150 Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/28 156 ß
2,835 Massachusetts St. Ed. Fin. Au. Rev., Ser. 2011-J, 5.00%, due 7/1/23 3,109
3,990 Massachusetts St. Ed. Fin. Au. Rev., Ser. 2012-J, 4.70%, due 7/1/26 4,167
4,500 Massachusetts St. Ed. Fin. Au. Rev., Ser. 2013-K, 4.50%, due 7/1/24 4,761
5,000 Massachusetts St. HFA Hsg. Rev., Ser. 2010-C, 4.90%, due 12/1/25 5,309
2,095 Massachusetts St. Wtr. Poll. Abatement Trust Rev. (MWRA Prog.), Ser. 2002-A, 5.25%, due 8/1/19 2,103
20,676

See Notes to Schedule of Investments

13

Schedule of Investments Intermediate Municipal Fund Inc. (cont’d)

PRINCIPAL
AMOUNT
(000’s omitted)

VALUE†
(000’s omitted)z
Michigan (1.5%)                  
         $1,000                   Jackson College Dormitories Hsg. Rev., Ser. 2015, 6.50%, due 5/1/35 $998
500 Jackson College Dormitories Hsg. Rev., Ser. 2015, 6.75%, due 5/1/46 497
2,000 Summit Academy North Pub. Sch. Academy Ref. Rev., Ser. 2005, 5.25%, due 11/1/20 2,004
750 Summit Academy North Pub. Sch. Academy Ref. Rev., Ser. 2005, 5.50%, due 11/1/35 751
100 Summit Academy Pub. Sch. Academy Ref. Rev., Ser. 2005, 6.38%, due 11/1/35 100
150 Summit Academy Pub. Sch. Academy Ref. Rev., Ser. 2005, 6.00%, due 11/1/15 150
4,500
 
Minnesota (1.6%)
2,000 Maple Grove Hlth. Care Sys. Rev. (Maple Grove Hosp. Corp.), Ser. 2007, 5.00%, due 5/1/17 2,108 ß
2,250 Minneapolis & St. Paul Hsg. & Redev. Au. Hlth. Care Sys. (Children’s Hlth. Care Facs.), 2,495 ß
Ser. 2010-A1, (AGM Insured), 4.50%, due 8/15/24
4,603
 
Mississippi (1.4%)
3,665 Mississippi Bus. Fin. Corp. Gulf Opportunity Zone Rev., Ser. 2009-A, 4.70%, due 5/1/24 4,055 ß
 
Missouri (1.2%)
685 Bridgeton Ind. Dev. Au. Ref. Rev. (Hilltop Comm. Imp. Dist. Proj.), Ser. 2015-A, 4.25%, due 5/1/35 680
390 Missouri St. Env. Imp. & Energy Res. Au. Wtr. PCR (Unrefunded Bal. Drinking Wtr.), 392
Ser. 2002-B, 5.50%, due 7/1/16
2,275 Missouri St. Hlth. & Ed. Facs. Au. Rev. (Children’s Mercy Hosp.), Ser. 2009, 5.13%, due 5/15/24 2,551 ß
3,623
 
Nevada (2.5%)
1,900 Director of the St. of Nevada Dept. of Bus. & Ind. Rev. (Somerset Academy), 1,858 ñß
Ser. 2015-A, 4.00%, due 12/15/25
1,635 Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 6.50%, due 6/15/17 1,728
3,545 Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23 3,986
7,572
 
New Hampshire (0.5%)
1,500 New Hampshire St. Bus. Fin. Au. Solid Waste Disp. Rev. (Casella Waste Sys., Inc.), Ser. 2013, 1,510 ñµß
4.00%, due 4/1/29 Putable 10/1/19
 
New Jersey (5.5%)
2,500 New Jersey Econ. Dev. Au. Rev. (Continental Airlines, Inc., Proj.), Ser. 1999, 5.13%, due 9/15/23 2,729 ß
500 New Jersey Econ. Dev. Au. Rev. (The Goethals Bridge Replacement Proj.), 570 ß
Ser. 2013, 5.25%, due 1/1/25
500 New Jersey Econ. Dev. Au. Rev. (The Goethals Bridge Replacement Proj.), 573 ß
Ser. 2013, 5.50%, due 1/1/26
1,420 New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), 1,406 ß
Ser. 2013, 3.50%, due 7/1/24
1,470 New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), 1,451 ß
Ser. 2013, 3.63%, due 7/1/25
1,520 New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), 1,502 ß
Ser. 2013, 3.75%, due 7/1/26
765 New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), 764 ß
Ser. 2013, 4.00%, due 7/1/27
7,000 New Jersey Higher Ed. Assist. Au. Rev. (Std. Loan Rev.), Ser. 2012-1A, 4.38%, due 12/1/26 7,305
16,300

See Notes to Schedule of Investments

14

Schedule of Investments Intermediate Municipal Fund Inc. (cont’d)

PRINCIPAL
AMOUNT
(000’s omitted)

VALUE†
(000’s omitted)z
New Mexico (0.5%)
$500 Winrock Town Ctr. Tax Increment Dev. Dist. Number 1 Tax Allocation Sr. Lien Rev. $510 #
                           (Gross Receipts Tax Increment Bond), Ser. 2015, 5.25%, due 5/1/25                  
1,000 Winrock Town Ctr. Tax Increment Dev. Dist. Number 1 Tax Allocation Sr. Lien Rev. 1,037 #
(Gross Receipts Tax Increment Bond), Ser. 2015, 5.75%, due 5/1/30
1,547
 
New York (12.7%)
625 Buffalo & Erie Co. Ind. Land Dev. Corp. Rev. Ref. (Orchard Park), Ser. 2015, 5.00%, due 11/15/29 665 ßØØ
1,100 Build NYC Res. Corp. Rev., Ser. 2014, 5.00%, due 11/1/24 1,197 ß
835 Build NYC Res. Corp. Rev., Ser. 2014, 5.25%, due 11/1/29 907 ß
1,140 Build NYC Res. Corp. Rev. (Int’l Leadership Charter Sch. Proj.), Ser. 2013, 5.00%, due 7/1/23 1,119 ß
500 Build NYC Res. Corp. Rev. (South Bronx Charter Sch. for Int’l Cultures and the Arts), 491 ß
Ser. 2013-A, 3.88%, due 4/15/23
1,450 Build NYC Res. Corp. Rev. (South Bronx Charter Sch. for Int’l Cultures and the Arts), 1,408 ß
Ser. 2013-A, 5.00%, due 4/15/43
1,000 Build NYC Res. Corp. Solid Waste Disp. Ref. Rev. (Pratt Paper, Inc. Proj.), 1,070 ñß
Ser. 2014, 4.50%, due 1/1/25
700 Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2014, 5.00%, due 7/1/23 779 ß
735 Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2014, 5.00%, due 7/1/24 822 ß
1,400 Jefferson Co. IDA Solid Waste Disp. Rev. (Green Bond), Ser. 2014, 5.25%, due 1/1/24 1,345 ñß
1,000 New York City IDA Civic Fac. Rev. (Vaughn College Aeronautics & Technology), 1,024 ß
Ser. 2006-A, 5.00%, due 12/1/28
500 New York Liberty Dev. Corp. Ref. Rev. (3 World Trade Ctr. Proj.), Ser. 2014-2, 5.38%, due 11/15/40 524 ñß
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), 4,595 ß
Ser. 2009, 5.25%, due 7/1/33 Pre-Refunded 7/1/19
3,200 New York St. Dorm. Au. Rev. Non St. Supported Debt (Univ. Facs.), Ser. 2013-A, 5.00%, due 7/1/28 3,711
2,000 New York St. HFA Rev. (Affordable Hsg.), Ser. 2009-B, 4.85%, due 11/1/41 2,074
2,000 New York St. Mtge. Agcy. Homeowner Mtge. Ref. Rev., Ser. 2014-189, 3.45%, due 4/1/27 2,006
2,000 New York St. Urban Dev. Corp. Rev., Ser. 2008-D, 5.25%, due 1/1/20 2,260
710 Newburgh G.O., Ser. 2012-A, 5.00%, due 6/15/20 782
495 Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/20 545
520 Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/21 575
550 Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/22 608
1,435 Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.), Ser. 2012-A, 5.00%, due 5/1/23 1,599 ß
1,000 Niagara Area Dev. Corp. Solid Waste Disp. Fac. Rev. (Covanta Energy Proj.), 1,007 ñß
Ser. 2012-B, 4.00%, due 11/1/24
3,000 Non-Profit Pfd. Fdg. Trust I, Ser. 2006-C, 4.72%, due 9/15/37 2,406 #
1,155 Suffolk Co. Judicial Facs. Agcy. Lease Rev. (H. Lee Dennison Bldg.), Ser. 2013, 4.25%, due 11/1/26 1,215
2,000 Utility Debt Securitization Au. Rev., Ser. 2013-TE, 5.00%, due 12/15/28 2,388
600 Westchester Co. Local Dev. Corp. Rev. Ref. (Wartburg Sr. Hsg. Proj.), Ser. 2015-A, 5.00%, due 6/1/30 602 ñß
37,724
 
North Carolina (3.7%)
1,835 North Carolina Med. Care Commission Hlth. Care Facs. Rev. (Lutheran Svc. For Aging, Inc.), 1,901 ß
Ser. 2012-A, 4.25%, due 3/1/24
2,000 North Carolina Med. Care Commission Retirement Facs. Rev., Ser. 2013, 5.13%, due 7/1/23 2,162 ß
3,740 North Carolina Muni. Pwr. Agcy. Number 1 Catawba Elec. Ref. Rev., Ser. 2009-A, 5.00%, 4,213
due 1/1/26 Pre-Refunded 1/1/19
1,510 North Carolina Muni. Pwr. Agcy. Number 1 Catawba Elec. Ref. Rev., Ser. 2009-A, 5.00%, due 1/1/26 1,680
1,000 Oak Island Enterprise Sys. Rev., Ser. 2009, (Assured Guaranty Insured), 5.63%, 1,163
due 6/1/24 Pre-Refunded 6/1/19
11,119

See Notes to Schedule of Investments

15

Schedule of Investments Intermediate Municipal Fund Inc. (cont’d)

PRINCIPAL
AMOUNT
(000’s omitted)

VALUE†
(000’s omitted)z
Ohio (1.5%)
$2,060 Cleveland Arpt. Sys. Rev. Ref., Ser. 2012-A, 5.00%, due 1/1/27 $2,279         
         1,000                   Ohio St. Wtr. Dev. Au. Poll Ctrl. Facs. Rev. Ref. (First Energy Nuclear Generation Proj.),          1,027 µß
Ser. 2006-B, 4.00%, due 12/1/33 Putable 6/3/19
1,000 Ohio St. Wtr. Dev. Au. Poll Ctrl. Facs. Rev. Ref. (First Energy Nuclear Generation Proj.), 1,033 µß
Ser. 2008-C, 3.95%, due 11/1/32 Putable 5/1/20
4,339
 
Oklahoma (0.2%)
250 Tulsa Arpt. Imp. Trust Ref. Rev., Ser. 2015-A, (BAM Insured), 5.00%, due 6/1/24 285
400 Tulsa Arpt. Imp. Trust Ref. Rev., Ser. 2015-A, (BAM Insured), 5.00%, due 6/1/25 452
737
 
Oregon (0.2%)
480 Oregon St. Hsg. & Comm. Svc. Dept. Multi-Family Rev., Ser. 2012-B, (FHA Insured), 484
3.50%, due 7/1/27
 
Pennsylvania (8.8%)
3,000 Beaver Co. Ind. Dev. Au. Rev. Ref. (Firstenergy Generation LLC), Ser. 2006-A, 3.50%, 3,043 µß
due 4/1/41 Putable 6/1/20
500 Indiana Co. Ind. Dev. Au. Rev. (Std. Cooperative Assoc., Inc.), Ser. 2012, 3.50%, due 5/1/25 503 ß
350 Indiana Co. Ind. Dev. Au. Rev. (Std. Cooperative Assoc., Inc.), Ser. 2012, 3.60%, due 5/1/26 353 ß
2,830 Lancaster Co. Hosp. Au. Ref. Rev. (Hlth. Centre-Landis Homes Retirement Comm. Proj.), 2,778 ß
Ser. 2015-A, 4.25%, due 7/1/30
2,000 Lancaster Co. Hosp. Au. Rev. (Brethren Village Proj.), Ser. 2008-A, 6.10%, due 7/1/22 2,082 ß
1,250 Lancaster Ind. Dev. Au. Rev. (Garden Spot Village Proj.), Ser. 2013, 5.38%, due 5/1/28 1,361 ß
1,105 Moon Ind. Dev. Au. Rev. Ref. (Baptist Homes Society Obligated Group), Ser. 2015, 5.63%, due 7/1/30 1,098 ß
3,430 Norristown Area Sch. Dist. Cert. of Participation (Installment Purchase), Ser. 2012, 4.50%, due 4/1/27 3,561
2,625 Pennsylvania Econ. Dev. Fin. Au. Exempt Facs. Rev. Ref. (Amtrak Proj.), Ser. 2012-A, 2,959 ß
5.00%, due 11/1/24
1,000 Pennsylvania St. Turnpike Commission Turnpike Rev. (Cap. Appreciation), Subser. 2010-B2, 1,105 b
0.00%, due 12/1/34
895 Philadelphia Au. For Ind. Dev. Rev. (Discovery Charter Sch. Proj.), Ser. 2012, 5.00%, due 4/1/22 859 ß
415 Philadelphia Au. For Ind. Dev. Rev. (Discovery Charter Sch. Proj.), Ser. 2012, 5.50%, due 4/1/27 398 ß
3,785 Reading G.O., Ser. 2010-C, 5.63%, due 11/15/20 3,947
2,000 Susquehanna Area Reg. Arpt. Au. Sys. Rev., Ser. 2012-A, 5.00%, due 1/1/27 2,178
26,225
 
Puerto Rico (0.7%)
2,020 Puerto Rico Commonwealth Ref. G.O. (Pub. Imp.), Ser. 2001-A, (National Public Finance Guarantee 2,065
Corp. Insured), 5.50%, due 7/1/20
 
Rhode Island (1.4%)
1,000 Rhode Island St. Hlth. & Ed. Bldg. Corp. Rev. (Hosp. Fin. - Care New England Hlth. Sys.), 1,078 ß
Ser. 2013-A, 5.00%, due 9/1/23
2,650 Rhode Island St. Std. Loan Au. Std. Loan Rev. (Sr. Prog.), Ser. 2013-A, 3.75%, due 12/1/26 2,592
565 Rhode Island St. Std. Loan Au. Std. Loan Rev. (Sr. Prog.), Ser. 2013-A, 3.75%, due 12/1/27 548
4,218
 
Tennessee (1.8%)
2,705 Memphis-Shelby Co. Arpt. Au. Arpt. Rev., Ser. 2010-B, 5.50%, due 7/1/19 3,094
2,000 Tennessee St. Energy Acquisition Corp. Gas Rev. (Goldman Sachs Group, Inc.), 2,367
Ser. 2006-A, 5.25%, due 9/1/23
5,461

See Notes to Schedule of Investments

16

Schedule of Investments Intermediate Municipal Fund Inc. (cont’d)

PRINCIPAL
AMOUNT
(000’s omitted)

VALUE†
(000’s omitted)z
Texas (6.7%)
         $500                   Arlington Higher Ed. Fin. Corp. Rev. (Universal Academy), Ser. 2014-A, 5.88%, due 3/1/24          $514 ß
1,000 Arlington Higher Ed. Fin. Corp. Rev. (Universal Academy), Ser. 2014-A, 6.63%, due 3/1/29 1,034 ß
1,050 Clifton Higher Ed. Fin. Corp. Rev. (Uplift Ed.), Ser. 2013-A, 3.10%, due 12/1/22 1,027 ß
250 Dallas Co. Flood Ctrl. Dist. Ref. G.O., Ser. 2015, 5.00%, due 4/1/28 254 ñØ
2,000 Fort Bend Co. Ind. Dev. Corp. Rev. (NRG Energy, Inc.), Ser. 2012-B, 4.75%, due 11/1/42 1,976 ß
500 Gulf Coast Ind. Dev. Au. Rev. (CITGO Petroleum Proj.), Ser. 1995, 4.88%, due 5/1/25 520 ß
1,000 Harris Co. Cultural Ed. Facs. Fin. Corp. Rev. (Brazos Presbyterian Homes, Inc. Proj.), 1,103 ß
Ser. 2013-B, 5.75%, due 1/1/28         
2,900 Harris Co. Toll Road Sr. Lien Rev., Ser. 2008-B, 5.00%, due 8/15/33 3,185
610 HFDC Ctr. Texas, Inc. Retirement Fac. Rev., Ser. 2006-A, 5.25%, due 11/1/15 610 ß
525 Houston Higher Ed. Fin. Corp. Rev. (Cosmos Foundation), Ser. 2012-A, 4.00%, due 2/15/22 549 ß
1,000 Houston Higher Ed. Fin. Corp. Rev. (Cosmos Foundation), Ser. 2012-A, 5.00%, due 2/15/32 1,084 ß
1,000 Houston Pub. Imp. Ref. G.O., Ser. 2008-A, 5.00%, due 3/1/20 1,097
3,000 North Texas Tollway Au. Dallas North Tollway Sys. Rev., Ser. 2005-C, 6.00%, due 1/1/23 3,424
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 1,689
1,175 West Harris Co. Reg. Wtr. Au. Sys. Wtr. Rev., Ser. 2009, 5.00%, due 12/15/35 1,309
19,904
 
Utah (2.0%)
3,000 Salt Lake Co. Hosp. Rev. (IHC Hlth. Svc., Inc.), Ser. 2001, (AMBAC Insured), 5.40%, due 2/15/28 3,521 ß
1,200 Uintah Co. Muni. Bldg. Au. Lease Rev., Ser. 2008, 5.25%, due 6/1/20 1,319
500 Utah Charter Sch. Fin. Au. Rev. (Spectrum Academy Proj.), Ser. 2015, 6.00%, due 4/15/45 520 ñß
185 Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.00%, due 7/1/20 188
170 Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.25%, due 7/1/21 173
245 Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.45%, due 7/1/22 249
5,970
 
Vermont (3.2%)
1,600 Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2012-A, 5.00%, due 6/15/21 1,806
465 Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.25%, due 6/15/24 492
1,105 Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.35%, due 6/15/25 1,157
1,640 Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.45%, due 6/15/26 1,703
535 Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.55%, due 6/15/27 554
1,800 Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2014-A, 5.00%, due 6/15/24 2,060
1,700 Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2015-A, 4.13%, due 6/15/27 1,736
9,508
 
Virginia (0.7%)
1,000 Fairfax Co. Econ. Dev. Au. Residential Care Fac. Rev. (Vinson Hall LLC), Ser. 2013-A, 1,020 ß
4.00%, due 12/1/22
1,000 Virginia Beach Dev. Au. Residential Care Fac. Mtge. Ref. Rev. (Westminster-Canterbury of Hampton 1,000 ß
Roads, Inc.), Ser. 2005, 5.00%, due 11/1/22
2,020
 
Washington (3.8%)
1,600 Skagit Co. Pub. Hosp. Dist. Number 1 Ref. Rev., Ser. 2007, 5.63%, due 12/1/25 1,722
6,700 Vancouver Downtown Redev. Au. Rev. (Conference Ctr. Proj.), Ser. 2013, 4.00%, due 1/1/28 6,932
2,525 Washington St. Higher Ed. Fac. Au. Ref. Rev. (Whitworth Univ. Proj.), Ser. 2009, 5.38%, due 10/1/29 2,756 ß
11,410
 
West Virginia (0.4%)
1,000 West Virginia Sch. Bldg. Au. Excess Lottery Rev., Ser. 2008, 5.00%, due 7/1/19 1,104

See Notes to Schedule of Investments

17

Schedule of Investments Intermediate Municipal Fund Inc. (cont’d)

PRINCIPAL
AMOUNT
(000’s omitted)

VALUE†
(000’s omitted)z
Wisconsin (5.0%)         
         $870                   Pub. Fin. Au. Ed. Rev. (Pine Lake Preparatory, Inc.), Ser. 2015, 4.95%, due 3/1/30 $872 ñß
200 Pub. Fin. Au. Ed. Rev. (Resh Triangle High Sch. Proj.), Ser. 2015-A, 5.38%, due 7/1/35 198 ñß
2,000 Pub. Fin. Au. Rev. Ref. (Roseman Univ. Hlth. Sciences Proj.), Ser. 2015, 5.00%, due 4/1/25 2,074 ß
1,100 Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College), Ser. 2010-A, 6.13%, due 6/1/35 1,224 ß
1,225 Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College), Ser. 2010-A, 6.13%, due 6/1/39 1,357 ß
1,340 Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Marquette Univ.), Ser. 2008-B3, 5.00%, due 10/1/30 1,552 ß
Pre-Refunded 12/23/19         
3,660 Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Marquette Univ.), Ser. 2008-B3, 5.00%, due 10/1/30 4,117 ß
3,000 Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Meriter Hosp., Inc.), Ser. 2009, 5.63%, due 12/1/29 3,427 ß
Pre-Refunded 12/1/18
14,821
       Total Municipal Notes (Cost $430,450) 469,274
 
Tax Exempt Preferred (0.7%)
 
Real Estate (0.7%)
1,775 Munimae TE Bond Subsidiary LLC, Unsecured Notes, 5.00%, due 4/30/28 (Cost $1,775) 1,926 #
                            Total Investments (158.5%) (Cost $432,225) 471,200 ##
                            Cash, receivables and other assets, less liabilities (1.8%) 5,503
                            Liquidation Value of Variable Rate Municipal Term Preferred Shares [(60.3%)] (179,400 )
                          Total Net Assets Applicable to Common Stockholders (100.0%) $297,303

See Notes to Schedule of Investments

18

Schedule of Investments New York Intermediate Municipal Fund Inc. 10/31/15

PRINCIPAL
AMOUNT
(000’s omitted)

VALUE†
(000’s omitted)z
Municipal Notes (162.3%)
 
American Samoa (0.7%)                  
         $500                   American Samoa Econ. Dev. Au. Gen. Rev. Ref., Ser. 2015-A, 6.25%, due 9/1/29 $501
 
California (5.7%)
3,115 Corona-Norca Unified Sch. Dist. G.O. Cap. Appreciation (Election 2006), Ser. 2009-C, (AGM Insured), 2,479
0.00%, due 8/1/24
1,470 Pico Rivera Pub. Fin. Au. Lease Rev., Ser. 2009, 4.75%, due 9/1/25 1,637
4,116
 
Georgia (0.7%)
500 Greene Co. Dev. Au. Swr. Fac. Rev., Ser. 2015, 6.13%, due 1/1/25 501 #ß
 
Guam (3.3%)
1,135 Guam Gov’t Hotel Occupancy Tax Rev., Ser. 2011-A, 5.50%, due 11/1/19 1,292
1,000 Guam Gov’t Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25 1,103
2,395
 
Illinois (2.7%)
315 Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17 319
1,000 Chicago G.O. Ref., Ser. 2003-B, 5.00%, due 1/1/23 1,013
600 Illinois St. G.O., Ser. 2013, 5.00%, due 7/1/23 656
1,988
 
Louisiana (0.8%)
500 Louisiana St. Pub. Facs. Au. Rev. (Southwest Louisiana Charter Academy Foundation Proj.), 567 ß
Ser. 2013-A, 7.63%, due 12/15/28
 
Nevada (1.5%)
1,000 Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23 1,124
 
New York (137.9%)
380 Albany Cap. Res. Corp. Ref. Rev. (Albany College of Pharmacy & Hlth. Sciences), 432 ß
Ser. 2014-A, 5.00%, due 12/1/27
375 Albany Cap. Res. Corp. Ref. Rev. (Albany College of Pharmacy & Hlth. Sciences), 425 ß
Ser. 2014-A, 5.00%, due 12/1/28
270 Albany Cap. Res. Corp. Ref. Rev. (Albany College of Pharmacy & Hlth. Sciences), 304 ß
Ser. 2014-A, 5.00%, due 12/1/29
500 Buffalo & Erie Co. Ind. Land Dev. Corp. Rev. Ref. (Orchard Park), Ser. 2015, 5.00%, due 11/15/27 540 ß
500 Buffalo & Erie Co. Ind. Land Dev. Corp. Rev. Ref. (Orchard Park), Ser. 2015, 5.00%, due 11/15/28 536 ß
270 Build NYC Res. Corp. Ref. Rev. (City Univ. - Queens College), Ser. 2014-A, 5.00%, due 6/1/26 322 ß
225 Build NYC Res. Corp. Ref. Rev. (City Univ. - Queens College), Ser. 2014-A, 5.00%, due 6/1/29 261 ß
250 Build NYC Res. Corp. Ref. Rev. (Methodist Hosp. Proj.), Ser. 2014, 5.00%, due 7/1/22 285 ß
500 Build NYC Res. Corp. Ref. Rev. (Methodist Hosp. Proj.), Ser. 2014, 5.00%, due 7/1/29 560 ß
155 Build NYC Res. Corp. Ref. Rev. (Packer Collegiate Institute Proj.), Ser. 2015, 5.00%, due 6/1/26 183 ß
125 Build NYC Res. Corp. Ref. Rev. (Packer Collegiate Institute Proj.), Ser. 2015, 5.00%, due 6/1/27 146 ß
195 Build NYC Res. Corp. Ref. Rev. (Packer Collegiate Institute Proj.), Ser. 2015, 5.00%, due 6/1/28 226 ß
220 Build NYC Res. Corp. Ref. Rev. (Packer Collegiate Institute Proj.), Ser. 2015, 5.00%, due 6/1/29 253 ß
325 Build NYC Res. Corp. Ref. Rev. (Packer Collegiate Institute Proj.), Ser. 2015, 5.00%, due 6/1/30 371 ß
565 Build NYC Res. Corp. Rev., Ser. 2014, 5.00%, due 11/1/24 615 ß
515 Build NYC Res. Corp. Rev. (Int’l Leadership Charter Sch. Proj.), Ser. 2013, 5.00%, due 7/1/23 505 ß
500 Build NYC Res. Corp. Rev. (South Bronx Charter Sch. Int’l Cultures), Ser. 2013-A, 3.88%, due 4/15/23 491 ß
225 Build NYC Res. Corp. Solid Waste Disp. Ref. Rev. (Pratt Paper, Inc. Proj.), Ser. 2014, 3.75%, due 1/1/20 233 ñß
200 Build NYC Res. Corp. Solid Waste Disp. Ref. Rev. (Pratt Paper, Inc. Proj.), Ser. 2014, 4.50%, due 1/1/25 214 ñß
500 Cattaraugus Co. IDA Civic Fac. Rev. (St. Bonaventure Univ. Proj.), Ser. 2006-A, 5.00%, due 5/1/23 508 ß

See Notes to Schedule of Investments

19

Schedule of Investments New York Intermediate Municipal Fund Inc.
(cont’d)

PRINCIPAL
AMOUNT
 (000’s omitted)		 VALUE†
(000’s omitted)z
       $1,000               Dutchess Co. Local Dev. Corp. Rev. (Marist College Proj.), Ser. 2012-A, 5.00%, due 7/1/21               $1,176 ß       
1,050 Erie Co. IDA Sch. Fac. Rev. (Buffalo City Sch. Dist.), Ser. 2009-A, 5.25%, due 5/1/25 1,201
1,270 Geneva Dev. Corp. Rev. (Hobart & William Smith College Proj.), Ser. 2012, 5.00%, due 9/1/21 1,493 ß
1,500 Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2009, 5.75%, due 7/1/23 1,694 ß
580 Islip, G.O., Ser. 2012, 3.00%, due 8/1/25 607
755 Jefferson Co. IDA Solid Waste Disp. Rev. (Green Bond), Ser. 2014, 4.75%, due 1/1/20 745 ñß
1,050 Long Island Pwr. Au. Elec. Sys. Gen. Rev., Ser. 2006-E, (BHAC Insured), 5.00%, due 12/1/21 1,102
300 Monroe Co. Ind. Dev. Corp. Rev. (Monroe Comm. College), Ser. 2014, (AGM Insured), 338 ß
5.00%, due 1/15/29
500 Monroe Co. Ind. Dev. Corp. Rev. (Nazareth College of Rochester Proj.), Ser. 2013-A, 554 ß
5.00%, due 10/1/24
500 Monroe Co. Ind. Dev. Corp. Rev. (Nazareth College of Rochester Proj.), Ser. 2013-A, 554 ß
5.00%, due 10/1/25
250 Monroe Co. Ind. Dev. Corp. Rev. (Nazareth College of Rochester Proj.), Ser. 2013-A, 260 ß
4.00%, due 10/1/26
1,120 Monroe Co. Ind. Dev. Corp. Rev. (St. John Fisher College), Ser. 2012-A, 5.00%, due 6/1/23 1,255 ß
210 Monroe Co. Ind. Dev. Corp. Rev. (St. John Fisher College), Ser. 2012-A, 5.00%, due 6/1/25 233 ß
180 Monroe Co. Newpower Corp. Pwr. Fac. Rev., Ser. 2003, 5.10%, due 1/1/16 180
1,265 Montgomery Co. Cap. Res. Corp. Lease Ref. Rev. (HFM Boces Proj.), Ser. 2014, (MAC Insured), 1,493
5.00%, due 9/1/27
2,000 Nassau Co. G.O. (Gen. Imp. Bonds), Ser. 2013-B, 5.00%, due 4/1/28 2,272
500 Nassau Co. Local Econ. Assist. Corp. Rev. (Catholic Hlth. Svcs. of Long Island Obligated Group Proj.), 582 ß
Ser. 2014, 5.00%, due 7/1/23
1,000 Nassau Co. Local Econ. Assist. Corp. Rev. (Catholic Hlth. Svcs. of Long Island Obligated Group Proj.), 1,131 ß
Ser. 2014, 5.00%, due 7/1/27
950 New York City G.O., Ser. 2009-B, 5.00%, due 8/1/22 1,082
1,000 New York City G.O., Ser. 2009-E, 5.00%, due 8/1/21 1,140
490 New York City IDA Civic Fac. Rev. (Vaughn College Aeronautics & Technology), Ser. 2006-A, 502 ß
5.00%, due 12/1/28
100 New York City IDA Civic Fac. Rev. (Vaughn College Aeronautics & Technology), Ser. 2006-B, 102 ß
5.25%, due 12/1/36
2,000 New York City IDA Spec. Fac. Rev. (Term. One Group Assoc. Proj.), Ser. 2005, 5.50%, due 1/1/19 2,016 µß
155 New York City Muni. Wtr. Fin. Au. Wtr. & Swr. Sys. Rev. (Second Gen.), Ser. 2010-DD-3B, 155 µ
0.01%, due 6/15/43
500 New York Liberty Dev. Corp. Ref. Rev. (3 World Trade Ctr. Proj.), Ser. 2014, 5.38%, due 11/15/40 524 ñß
2,000 New York Liberty Dev. Corp. Rev. (Goldman Sachs Headquarters), Ser. 2005, 5.25%, due 10/1/35 2,362 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 3,012 ß
1,815 New York St. Dorm. Au. Ref. Rev. Non St. Supported Debt (Pratt Institute), Ser. 2015-A, 1,810 ß
3.00%, due 7/1/27
250 New York St. Dorm. Au. Rev. (Brookdale Hosp. Med. Ctr.), Ser. 1998-J, 5.20%, due 2/15/16 251 ß
410 New York St. Dorm. Au. Rev. (City Univ. Sys. Proj.), Ser. 1995-A, 5.63%, due 7/1/16 425
780 New York St. Dorm. Au. Rev. Non St. Supported Debt (Culinary Institute of America), Ser. 2013, 841 ß
4.63%, due 7/1/25
500 New York St. Dorm. Au. Rev. Non St. Supported Debt (Manhattan Marymount College), Ser. 2009, 550 ß
5.00%, due 7/1/24
900 New York St. Dorm. Au. Rev. Non St. Supported Debt (Montefiore Med. Ctr.), Ser. 2008, 962 ß
(FHA Insured), 5.00%, due 8/1/21
1,595 New York St. Dorm. Au. Rev. Non St. Supported Debt (Mount Sinai Sch. of Medicine), Ser. 2009, 1,832 ß
5.25%, due 7/1/24 Pre-Refunded 7/1/19
2,000 New York St. Dorm. Au. Rev. Non St. Supported Debt (North Shore-Long Island Jewish Oblig. Group), 2,154 ß
Ser. 2011-A, 4.38%, due 5/1/26
1,000 New York St. Dorm. Au. Rev. Non St. Supported Debt (NYU Hosp. Ctr.), Ser. 2006-A, 1,031 ß
5.00%, due 7/1/20
745 New York St. Dorm. Au. Rev. Non St. Supported Debt (NYU Hosp. Ctr.), Ser. 2007-B, 794 ß
5.25%, due 7/1/24 Pre-Refunded 7/1/17
1,375 New York St. Dorm. Au. Rev. Non St. Supported Debt (Rochester Institute of Technology), Ser. 2012, 1,457 ß
4.00%, due 7/1/28
2,000 New York St. Dorm. Au. Rev. Non St. Supported Debt (St. John’s Univ.), Ser. 2007-C, 2,287 ß
(National Public Finance Guarantee Corp. Insured), 5.25%, due 7/1/19

See Notes to Schedule of Investments

20

Schedule of Investments New York Intermediate Municipal Fund Inc.
(cont’d)

PRINCIPAL
AMOUNT
 (000’s omitted)		 VALUE†
(000’s omitted)z
       $600               New York St. Dorm. Au. Rev. Non St. Supported Debt (St. Joseph’s College), Ser. 2010,               $619 ß       
5.25%, due 7/1/25
460 New York St. Dorm. Au. Rev. Non St. Supported Debt (Touro College & Univ. Sys. Obligated Group), 474 ß
Ser. 2014-A, 4.00%, due 1/1/26
470 New York St. Dorm. Au. Rev. Non St. Supported Debt (Touro College & Univ. Sys. Obligated Group), 481 ß
Ser. 2014-A, 4.00%, due 1/1/27
200 New York St. Dorm. Au. Rev. Non St. Supported Debt (Touro College & Univ. Sys. Obligated Group), 203 ß
Ser. 2014-A, 4.00%, due 1/1/28
275 New York St. Dorm. Au. Rev. Non St. Supported Debt (Touro College & Univ. Sys. Obligated Group), 280 ß
Ser. 2014-A, 4.13%, due 1/1/29
1,350 New York St. Dorm. Au. Rev. Non St. Supported Debt (Univ. Facs.), Ser. 2013-A, 5.00%, due 7/1/28 1,565
2,000 New York St. Dorm. Au. Rev. St. Personal Income Tax Rev., Ser. 2012-A, 5.00%, due 12/15/26 2,381
1,500 New York St. Env. Fac. Corp. Solid Waste Disp. Rev. (Waste Management, Inc. Proj.), Ser. 2004-A, 1,535 ß
2.75%, due 7/1/17
2,000 New York St. Env. Facs. Corp. (St. Clean Wtr. & Drinking), Ser. 2012-A, 4.00%, due 6/15/26 2,222
1,615 New York St. HFA Rev. (Affordable Hsg.), Ser. 2009-B, 4.50%, due 11/1/29 1,681
960 New York St. HFA Rev. (Affordable Hsg.), Ser. 2012-F, (SONYMA Insured), 3.05%, due 11/1/27 965
500 New York St. Mtge. Agcy. Homeowner Mtge. Ref. Rev., Ser. 2006-139, 0.02%, due 10/1/37 500 µ
1,045 New York St. Mtge. Agcy. Homeowner Mtge. Ref. Rev., Ser. 2014-189, 3.45%, due 4/1/27 1,048
1,230 New York St. Muni. Bond Bank Agcy., Subser. 2009-B1, 5.00%, due 12/15/23 1,423
1,295 New York St. Muni. Bond Bank Agcy., Subser. 2009-B1, 5.00%, due 12/15/24 1,498
1,000 New York St. Thruway Au. Second Gen. Hwy. & Bridge Trust Fund Bonds, Ser. 2007-B, 1,082
5.00%, due 4/1/20
1,090 New York St. Thruway Au. Second Gen. Hwy. & Bridge Trust Fund Bonds, Ser. 2009-B, 1,238
5.00%, due 4/1/19
1,250 New York St. Urban Dev. Corp. Ref. Rev., Ser. 2008-D, 5.25%, due 1/1/20 1,413
965 New York St. Urban Dev. Corp. Rev. (St. Personal Income Tax), Ser. 2008-A1, 5.00%, due 12/15/23 1,051
785 Newburgh, G.O., Ser. 2012-A, 5.00%, due 6/15/22 868
900 Niagara Area Dev. Corp. Rev. (Covanta Energy Proj.), Ser. 2012, 4.00%, due 11/1/24 907 ñß
640 Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.), Ser. 2012-A, 5.00%, due 5/1/25 710 ß
300 Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.), Ser. 2012-A, 5.00%, due 5/1/26 331 ß
1,100 Niagara Falls City Sch. Dist. Ref. Cert. Participation (High Sch. Fac.), Ser. 2015, (AGM Insured), 1,186
4.00%, due 6/15/26
1,010 Onondaga Civic Dev. Corp. Ref. Rev., Ser. 2015, 5.00%, due 10/1/29 1,126 ß
500 Onondaga Civic Dev. Corp. Rev. (St. Josephs Hosp. Hlth. Ctr. Proj.), Ser. 2014-A, 5.00%, due 7/1/25 538 ß
1,000 Onondaga Co. Trust Cultural Res. Rev. (Syracuse Univ. Proj.), Ser. 2010-B, 5.00%, due 12/1/19 1,157 ß
1,500 Oyster Bay, G.O., Ser. 2014, (AGM Insured), 3.25%, due 8/1/21 1,605
3,000 Port Au. New York & New Jersey Cons. Bonds, Ser. 2012-175, 3.00%, due 12/1/27 3,050
750 Rensselaer City Sch. Dist. Cert. Participation, Ser. 2006, (XLCA Insured), 5.00%, due 6/1/26 760
1,500 Rockland Co. G.O. (Pub. Imp.), Ser. 2014-C, (AGM Insured), 4.00%, due 5/1/21 1,658
1,000 Saratoga Co. IDA Civic Fac. Rev. (Saratoga Hosp. Proj.), Ser. 2007-B, 5.00%, due 12/1/22 1,083 ß
1,410 St. Lawrence Co. IDA Civic Dev. Corp. Rev. (St. Lawrence Univ. Proj.), Ser. 2012, 5.00%, due 7/1/28 1,600 ß
1,980 Suffolk Co. Judicial Facs. Agcy. Lease Rev. (H. Lee Dennison Bldg.), Ser. 2013, 5.00%, due 11/1/25 2,231
190 Triborough Bridge & Tunnel Au. Oblig., Ser. 1998-A, (National Public Finance Guarantee Corp. 199
Insured), 4.75%, due 1/1/24
1,000 Triborough Bridge & Tunnel Au. Rev., Subser. 2008-D, 5.00%, due 11/15/23 Pre-Refunded 11/15/18 1,124
765 Triborough Bridge & Tunnel Au. Rev., Subser. 2008-D, 5.00%, due 11/15/23 855
305 Ulster Co. Res. Rec. Agcy., Ser. 2002, (AMBAC Insured), 5.25%, due 3/1/16 306
1,405 United Nations Dev. Corp. Rev., Ser. 2009-A, 5.00%, due 7/1/22 1,594
3,000 Utility Debt Securitization Au. Rev., Ser. 2013-TE, 5.00%, due 12/15/28 3,582
1,000 Westchester Co. Local Dev. Corp. Ref. Rev. (Wartburg Sr. Hsg. Proj.), Ser. 2015-A, 5.00%, due 6/1/30 1,004 ñß
1,350 Westchester Co. Local Dev. Corp. Rev. (Kendal on Hudson Proj.), Ser. 2013, 5.00%, due 1/1/28 1,459 ß
 
100,161

See Notes to Schedule of Investments

21

Schedule of Investments New York Intermediate Municipal Fund Inc.
(cont’d)

PRINCIPAL
AMOUNT
 (000’s omitted)		 VALUE†
(000’s omitted)z
Ohio (0.6%)                         
       $500               Buckeye Tobacco Settlement Fin. Au. Asset-Backed Sr. Rev. (Turbo), Ser. 2007-A-2, 5.88%, due 6/1/47 $428
Pennsylvania (3.0%)          
2,000 Pennsylvania St. Turnpike Commission Turnpike Rev. (Cap. Appreciation), Subser. 2010-B2, 2,210 b
0.00%, due 12/1/34
Puerto Rico (4.3%)          
2,000 Puerto Rico Commonwealth Ref. G.O. (Pub. Imp.), Ser. 2001-A, (National Public Finance Guarantee 2,044
Corp. Insured), 5.50%, due 7/1/20
  1,060     Puerto Rico Ind. Tourist Ed. Med. & Env. Ctrl. Fac. Rev. (Polytechnic Univ. of Puerto Rico Proj.),     1,053 ß  
        Ser. 2002-A, (ACA Insured), 5.25%, due 8/1/16          
3,097
Virgin Islands (1.1%)          
250 Virgin Islands Pub. Fin. Au. Rev., Ser. 2014-A, 5.00%, due 10/1/24 276
  500     Virgin Islands Pub. Fin. Au. Rev., Ser. 2014-A, 5.00%, due 10/1/29     541    
817
                       Total Municipal Notes (Cost $112,296)     117,905    
 
UNITS  
Liquidating Trust - Real Estate (2.4%)          
600 CMS Liquidating Trust (Cost $3,105) 1,731 #*^^
                 Total Investments (164.7%) (Cost $115,401) 119,636 ##
                 Cash, receivables and other assets, less liabilities (1.8%) 1,310
                 Liquidation Value of Variable Rate Municipal Term Preferred Shares [(66.5%)] (48,300 )
                 Total Net Assets Applicable to Common Stockholders (100.0%) $72,646

See Notes to Schedule of Investments

22

Notes to Schedule of Investments

† In accordance with Accounting Standards Codification (“ASC”) 820 “Fair Value Measurement” (“ASC 820”), all investments held by each of Neuberger Berman California Intermediate Municipal Fund Inc. (“California”), Neuberger Berman Intermediate Municipal Fund Inc. (“Intermediate”) and Neuberger Berman New York Intermediate Municipal Fund Inc. (“New York”) (each individually a “Fund” and collectively, the “Funds”) are carried at the value that Neuberger Berman Management LLC (“Management”) believes a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Funds’ investments, some of which are discussed below. Significant Management judgment may be necessary to value investments in accordance with ASC 820.

ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

●

Level 1 – quoted prices in active markets for identical investments
●

Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)
●

Level 3 – unobservable inputs (including a Fund’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.

The value of the Funds’ investments in municipal securities is determined by Management primarily by obtaining valuations from independent pricing services based on readily available bid quotations, or if quotations are not available, by methods which include various considerations such as yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions (generally Level 2 inputs). Other Level 2 and 3 inputs used by independent pricing services to value municipal securities and units include current trades, bid-wanted lists (which informs the market that a holder is interested in selling a position and that offers will be considered), offerings, general information on market movement, direction, trends, appraisals, bid offers and specific data on specialty issues.

Management has developed a process to periodically review information provided by independent pricing services for all types of securities.

If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount a Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers (generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not readily available, the security is valued using methods the Fund’s Board of Directors (each Fund’s Board of Directors, a “Board”) has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Numerous factors may be considered when determining the fair value of a security based on Level 2 or Level 3 inputs, including available analyst, media or other reports, trading in futures or American Depositary Receipts (“ADRs”) and whether the issuer of the security being fair valued has other securities outstanding.

Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or next trades.

See Notes to Financial Statements

23

Notes to Schedule of Investments (cont’d)

The following is a summary, categorized by Level, of inputs used to value the Funds’ investments as of October 31, 2015:

Asset Valuation Inputs
(000’s omitted)        Level 1        Level 2        Level 3§        Total
California
Investments:
Municipal Notes^ $— $142,477 $— $142,477
Total Investments — 142,477 — 142,477
Intermediate
Investments:
Municipal Notes^ — 469,274 — 469,274
Tax Exempt Preferred^ — 1,926 — 1,926
Total Investments — 471,200 — 471,200
New York
Investments:
Municipal Notes^ — 117,905 — 117,905
Liquidating Trust—Real Estate — 1,731 1,731
Total Investments — 117,905 1,731 119,636

^ The Schedule of Investments provides information on the state categorization for the portfolio.

§ The following is a reconciliation between the beginning and ending balances of investments in which unobservable inputs (Level 3) were used in determining value:

Beginning
balance,
as of
11/1/14		 Accrued
discounts/
(premiums)		 Realized
gain/(loss)		 Change in
unrealized
appreciation/
(depreciation)		 Purchases Sales Transfers
in to
Level 3		 Transfers
out of
Level 3		 Balance
as of
10/31/15		 Net change in
unrealized
appreciation/
(depreciation)
from
investments
still held as
of 10/31/15
(000’s omitted)
Investments in
Securities
New York
Units                                                  
      Liquidating
      Trust—
      Real Estate $1,830 $— $— $(99) $— $— $— $— $1,731 $(99)
Total $1,830 $— $— $(99) $— $— $— $— $1,731 $(99)

See Notes to Financial Statements

24

Notes to Schedule of Investments (cont’d)

The following table presents additional information about valuation techniques and inputs used for investments that are measured at fair value and categorized within Level 3 as of October 31, 2015.

Impact to
valuation
Weighted from
Asset Fair value Valuation Unobservable Range average decrease
  class at 10/31/15 techniques input per unit per unit in input
New York        Units        $1,731,600        Income Approach        Appraised value        $2,750 - $3,050        $2,900        Decrease

As of the year ended October 31, 2015, the Funds had no transfers between Levels 1, 2 or 3 based on the beginning of period market values as of October 31, 2014.

## At October 31, 2015, selected fund information on a U.S. federal income tax basis was as follows:

Net
Gross Gross Unrealized
Unrealized Unrealized Appreciation
(000’s omitted) Cost Appreciation Depreciation (Depreciation)
California $133,412 $9,238 $173 $9,065
Intermediate 432,247 42,310 3,357 38,953
New York        115,427        6,392        2,183        4,209

ß Security is guaranteed by the corporate or non-profit obligor.

ñ Securities were purchased under Rule 144A of the Securities Act of 1933, as amended (the “1933 Act”), or are otherwise restricted and, unless registered under the 1933 Act or exempted from registration, may only be sold to qualified institutional investors. These securities have been deemed by the investment manager to be liquid. At October 31, 2015, these securities amounted to approximately $4,487,000 or 5.3% of net assets applicable to common stockholders for California, approximately $28,119,000 or 9.5% of net assets applicable to common stockholders for Intermediate and approximately $3,627,000 or 5.0% of net assets applicable to common stockholders for New York.

Ø All or a portion of this security was purchased on a when-issued basis. At October 31, 2015, these securities amounted to approximately $254,000 or 0.1% of net assets applicable to common stockholders for Intermediate.

ØØ All or a portion of this security is segregated in connection with obligations for when-issued security purchase commitments.

μ Floating rate securities are securities whose yields vary with a designated market index or market rate. These securities are shown at their current rates as of October 31, 2015, and at their final maturities.

b Currently a zero coupon security; will convert to 6.00% on December 1, 2015.

c Currently a zero coupon security; will convert to 6.50% on December 1, 2015.

d Currently a zero coupon security; will convert to 5.50% on August 1, 2021.

e Currently a zero coupon security; will convert to 6.38% on August 1, 2016.

f Currently a zero coupon security; will convert to 6.38% on August 1, 2019.

g Currently a zero coupon security; will convert to 6.13% on August 1, 2023.

See Notes to Financial Statements

25

Notes to Schedule of Investments (cont’d)

i Currently a zero coupon security; will convert to 6.88% on August 1, 2019.

j Currently a zero coupon security; will convert to 7.30% on August 1, 2026.

z A zero balance, if any, may reflect actual amounts rounding to less than $1,000.

* Security did not produce income during the last twelve months.

^^ Value of the security was determined using methods the Board has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security.

‡ Security had an event of default.

Ñ These securities have been deemed by the investment manager to be illiquid. At October 31, 2015, these securities amounted to approximately $490,000 or 0.6% of net assets applicable to common stockholders for California and approximately $2,808,000 or 0.9% of net assets applicable to common stockholders for Intermediate.

# These securities have been deemed by the investment manager to be illiquid, and are restricted securities subject to restrictions on resale. Securities were purchased under Rule 144A of the 1933 Act or are otherwise restricted and, unless registered under the 1933 Act or exempted from registration, may only be sold to qualified institutional investors.

At October 31, 2015, these securities amounted to approximately $1,595,000 or 1.9% of net assets applicable to common stockholders for California, approximately $8,423,000 or 2.8% of net assets applicable to common stockholders for Intermediate and approximately $2,232,000 or 3.1% of net assets applicable to common stockholders for New York.

(000’s omitted)

Restricted Security

Acquisition
Date

Acquisition
Cost

Acquisition
Cost
Percentage
of Net Assets
Applicable
to Common
Stockholders
as of
Acquisition
Date

Value as of
10/31/15

Fair Value
Percentage
of Net Assets
Applicable
to Common
Stockholders
as of
10/31/15
California California Muni. Fin. Au.
Charter Sch. Lease Rev.
(Sycamore Academy Proj.),
  Ser. 2014, 5.63%, due
7/1/44 9/18/2014 $982 1.2% $994 1.2%
Greene Co. Dev. Au.
Swr. Fac. Rev., Ser. 2015,
6.13%, due 1/1/25 7/31/2015 600 0.7% 601 0.7%
Intermediate        California Muni. Fin. Au.                                   
Charter Sch. Lease Rev.
(Sycamore Academy Proj.),
Ser. 2014, 5.00%, due
7/1/24 9/18/2014 806 0.3% 811 0.3%

See Notes to Financial Statements

26

Notes to Schedule of Investments (cont’d)

(000’s omitted)

       

Restricted Security

       

Acquisition
Date

       

Acquisition
Cost

       

Acquisition
Cost
Percentage
of Net Assets
Applicable
to Common
Stockholders
as of
Acquisition
Date

       

Value as of
10/31/15

       

Fair Value
Percentage
of Net Assets
Applicable
to Common
Stockholders
as of
10/31/15
California Muni. Fin. Au.
Charter Sch. Lease Rev.
(Sycamore Academy Proj.),
Ser. 2014, 5.13%, due
7/1/29 9/18/2014 623 0.2% 632 0.2%
Greene Co. Dev. Au.
Swr. Fac. Rev., Ser. 2015,
6.13%, due 1/1/25 7/31/2015 $1,100 0.4% $1,101 0.4%
Munimae TE Bond
Subsidiary LLC, Unsecured
Notes, 5.00%, due
4/30/28 1/31/2013 1,800 0.6% 1,926 0.6%
New York Liberty
Dev. Corp. Rev. (Nat’l
Sports Museum Proj.),
Ser. 2006-A, 6.13%,
due 2/15/19 8/4/2006 1,100 0.4% 0 0.0%
Non-Profit Pfd. Fdg. Trust I,
Ser. 2006-C, 4.72%, due
9/15/37 10/2/2006 3,000 1.0% 2,406 0.8%
Winrock Town Ctr. Tax
Increment Dev. Dist.
Number 1 Tax Allocation
Sr. Lien Rev. (Gross
Receipts Tax Increment
Bond), Ser. 2015, 5.25%,
due 5/1/25 6/30/2015 500 0.2% 510 0.2%
Winrock Town Ctr. Tax
Increment Dev. Dist.
Number 1 Tax Allocation
Sr. Lien Rev. (Gross
Receipts Tax Increment
Bond), Ser. 2015, 5.75%,
due 5/1/30 6/30/2015 1,000 0.3% 1,037 0.3%

See Notes to Financial Statements

27

Notes to Schedule of Investments (cont’d)

(000’s omitted)

Restricted Security

Acquisition
Date

Acquisition
Cost

Acquisition
Cost
Percentage
of Net Assets
Applicable
to Common
Stockholders
as of
Acquisition
Date

Value as of
10/31/15

Fair Value
Percentage
of Net Assets
Applicable
to Common
Stockholders
as of
10/31/15
New York        CMS Liquidating Trust        11/21/2012        $3,105        4.0%        $1,731        2.4%
Greene Co. Dev. Au.
Swr. Fac. Rev., Ser. 2015,
6.13%, due 1/1/25 7/31/2015 500 0.7% 501 0.7%
New York Liberty
Dev. Corp. Rev. (Nat’l
Sports Museum Proj.),
Ser. 2006-A, 6.13%,
due 2/15/19 8/4/2006 660 0.9% 0 0.0%

See Notes to Financial Statements

28

Statements of Assets and Liabilities

Neuberger Berman

(000’s omitted except per share amounts)

CALIFORNIA NEW YORK
INTERMEDIATE INTERMEDIATE INTERMEDIATE
MUNICIPAL MUNICIPAL MUNICIPAL
FUND INC. FUND INC. FUND INC.
October 31, 2015 October 31, 2015 October 31, 2015
Assets
Investments in securities, at value* (Note A)—
see Schedule of Investments:
Unaffiliated issuers $142,477 $471,200 $119,636
Cash