As filed with the Securities and Exchange Commission on July 6, 2018
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
1290 Avenue of the Americas
New York, New York 10104-0002
(Address of principal executive offices – Zip Code)
Registrant's telephone number, including area code: (212) 476-8800
Joseph V. Amato
Chief Executive Officer and President
Neuberger Berman Intermediate Municipal Fund Inc.
c/o Neuberger Berman Investment Advisers LLC
1290 Avenue of the Americas
New York, New York 10104-0002
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: April 30, 2018
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 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 semi-annual report transmitted to stockholders 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.

 

 

 

 

 

 
 
 
               

 

Semi-Annual Report

April 30, 2018




 

         
 
                               
 
Contents
 
President’s Letter 1
 
PORTFOLIO COMMENTARIES 2
 
SCHEDULES OF INVESTMENTS
California Intermediate Municipal Fund Inc. 6
Intermediate Municipal Fund Inc. 12
New York Intermediate Municipal Fund Inc. 23
 
FINANCIAL STATEMENTS 29
 
FINANCIAL HIGHLIGHTS/PER SHARE DATA
California Intermediate Municipal Fund Inc. 40
Intermediate Municipal Fund Inc. 41
New York Intermediate Municipal Fund Inc. 42
 
Distribution Reinvestment Plan for each Fund 45
Directory 48
Proxy Voting Policies and Procedures 49
Quarterly Portfolio Schedule 49
Privacy Notice Located after the Funds’ Report
 
 
 
 
 
 
 
 
 
 
The “Neuberger Berman” name and logo and “Neuberger Berman Investment Advisers LLC” name are registered service marks of Neuberger Berman Group LLC. The individual Fund names in this piece are either service marks or registered service marks of Neuberger Berman Investment Advisers LLC. ©2018 Neuberger Berman Investment Advisers LLC. All rights reserved.



 

President’s Letter

Dear Stockholder,

I am pleased to present this semi-annual report for Neuberger Berman California Intermediate Municipal Fund Inc. (NBW), Neuberger Berman Intermediate Municipal Fund Inc. (NBH), and Neuberger Berman New York Intermediate Municipal Fund Inc. (NBO and, together with NBW and NBH, the “Funds”) for the six months ended April 30, 2018. The report includes portfolio commentaries, listings of the Funds’ investments and their unaudited financial statements for the reporting period.

Each Fund’s investment objective is to provide a high level of current income exempt from regular federal income tax and, for each state-specific Fund, a high level of current income exempt from that state’s personal income taxes (and, in the case of NBO, New York City personal income tax).

We maintain a conservative investment philosophy and disciplined investment process in an effort to provide you with tax-exempt current income over the long term with less volatility and risk.

On April 16, 2018, NBH decreased its monthly distribution rate to $0.06244 per share of common stock from the prior monthly distribution rate of $0.0675 per share. NBW decreased its monthly distribution rate to $0.04480 per share of common stock from the prior monthly distribution rate of $0.0512 per share. NBO decreased its monthly distribution rate to $0.03933 per share of common stock from the prior monthly distribution rate of $0.0437 per share. The Funds’ decrease in distribution rates is the result of numerous factors, including the current level of yields available in the municipal market and the impact on the Funds’ levels of earnings, expected increased costs of leverage associated with forecasted interest-rate hikes and the amount of available undistributed net investment income, and with respect to NBW and NBO, the lack thereof.

Thank you for your confidence in the Funds. We will continue to do our best to earn your trust in the years to come.

Sincerely,


Robert Conti
President and CEO
Neuberger Berman California Intermediate Municipal Fund Inc.
Neuberger Berman Intermediate Municipal Fund Inc.
Neuberger Berman New York Intermediate Municipal Fund Inc.

1



 

Neuberger Berman Intermediate Municipal Closed-End Funds Portfolio Commentaries

For six months ended April 30, 2018, on a net asset value (NAV) basis, two of the three Neuberger Berman Intermediate Municipal Closed-End Funds outperformed their benchmark, the Bloomberg Barclays 10-Year Municipal Bond Index (the Index). The California Intermediate Municipal Fund, Intermediate Municipal Fund and New York Intermediate Municipal Fund posted -1.14%, -0.93% and -2.02% total returns, respectively, whereas the benchmark generated a -1.53% total return for the same period. (Fund performance on a market basis is provided in the table immediately following this commentary.) The use of leverage (typically a performance enhancer in up markets and a detractor during market retreats) detracted from performance given the negative price return for the municipal market during the reporting period.

While it produced a negative total return, the municipal bond market outperformed the taxable bond market on a relative basis during the reporting period. Municipal securities were supported by overall positive fundamentals, as well as by solid investor demand at times. However, this wasn’t enough to overcome the negative impact from rising Treasury yields. Short-term yields moved higher as the U.S. Federal Reserve (Fed) raised interest rates twice over the period and continued reducing its balance sheet. Meanwhile, longer-term Treasury yields moved higher given expectations of improving growth following the passage of the tax reform bill and, more recently, concerns that the Fed may take a more aggressive approach in terms of future rate hikes. All told, the Bloomberg Barclays Municipal Bond Index returned -0.97% for the six months ended April 30, 2018, whereas the overall taxable investment grade bond market, as measured by the Bloomberg Barclays U.S. Aggregate Bond Index, returned -1.87%.

The Funds’ yield curve positioning contributed to performance as the curve flattened over the reporting period. The Funds maintained a lower quality relative to that of the benchmark as they sought to generate additional yield. This was positive for results given the relative outperformance of lower quality bonds. From a sector perspective, an overweight to revenue bonds added to results as they largely outperformed general obligation bonds. In particular, an overweight and security selection of tobacco securitization bonds contributed to performance. On the downside, several of the Funds’ holdings experienced idiosyncratic risks that caused them to generate weak results.

Looking ahead, we believe investors are rightly focused on the potential for rising rates—both inflation and interest—and the implications this may have for fixed income portfolios going forward. Specific to the municipal bond market, we believe that technicals continue to look promising for 2018. In our opinion, significantly-reduced new issue supply should help maintain demand for municipal products. At this time, we also believe that the modest reduction in top marginal tax brackets should have little impact on demand from most individual investors in the tax-exempt market. That said, we have seen a reduction in demand from U.S. banks, and property & casualty insurance companies, as some of these institutions process the impact of the cut in the corporate tax rate to 21%. Elsewhere, we continue to track the progress on the Trump administration’s infrastructure spending proposals. We believe that there are significant challenges for the current proposals and are skeptical that the proposals will lead to a meaningful increase in municipal supply this year. We continue to closely follow the primary and secondary markets in order to seek attractive buying opportunities for our investors.

Sincerely,

James L. Iselin and S. Blake Miller
Portfolio Co-Managers

The portfolio composition, industries and holdings of each Fund are subject to change without notice.

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 a Fund, as well as the market value of shares of the Fund’s common stock, may decline in response to certain events, including those directly involving the issuers whose securities are owned by the Fund; 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 89.9
Florida 0.4
Georgia 0.4
Guam 1.5
Illinois 1.3
Louisiana 0.4
Nevada 0.7
New Jersey 0.5
North Carolina 0.5
Ohio 0.7
Pennsylvania 1.6
Puerto Rico 0.7
Tennessee 0.4
Texas 0.2
Virgin Islands 0.4
Total 100.0 %

Does not include the impact of the Fund’s open positions in derivatives, if any.


NEW YORK INTERMEDIATE
MUNICIPAL FUND INC. PORTFOLIO
BY STATE AND TERRITORY
(as a % of Total Investments*)
American Samoa               0.4 %
California 3.7
Georgia 0.4
Guam 1.9
Illinois 0.9
Louisiana 0.5
Nevada 0.9
New York 86.8
Ohio 0.4
Pennsylvania 1.9
Puerto Rico 0.0
Texas 0.3
Virgin Islands 0.4
Other 1.5
Total 100.0 %

Does not include the impact of the Fund’s open positions in derivatives, if any.

PERFORMANCE HIGHLIGHTS1
Six Months
Period Average Annual Total Return
Inception Ended Ended 04/30/2018
At NAV2    Date    04/30/2018 1 Year 5 Years 10 Years Life of Fund
California Intermediate             
Municipal Fund Inc. 09/24/2002 -1.14% 2.08% 3.70% 5.72% 5.55%
Intermediate Municipal
Fund Inc. 09/24/2002 -0.93% 2.49% 4.31% 6.21% 5.94%
New York Intermediate
Municipal Fund Inc. 09/24/2002 -2.02% 0.79% 2.92% 4.81% 4.97%
At Market Price3
California Intermediate
Municipal Fund Inc. 09/24/2002 -7.20%   -7.58% 0.46% 4.96% 4.21%
Intermediate Municipal
Fund Inc. 09/24/2002 -6.73% -4.64% 1.89% 6.12% 4.97%
New York Intermediate
Municipal Fund Inc. 09/24/2002 -4.72%   -4.21% -0.71% 4.29% 3.64%
Index
Bloomberg Barclays 10-Year
Municipal Bond Index4 -1.53% 1.11% 2.41% 4.57% 4.33%

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 Investment Advisers LLC (“Management”) had not waived a portion of its investment management fees during certain of the periods shown. The waived fees are from prior years that are no longer disclosed in the Financial Highlights.

INTERMEDIATE MUNICIPAL FUND INC. PORTFOLIO BY STATE AND TERRITORY
(as a % of Total Investments*)
Alabama               0.5 %       Missouri               0.6 %
Alaska 0.0 Nevada 1.3
American Samoa 0.4 New Hampshire 0.3
Arizona 2.9 New Jersey 3.0
California 21.0 New Mexico 0.3
Colorado 2.8 New York 7.8
Connecticut 0.2 North Carolina 2.2
District of Columbia 2.0 Ohio 2.4
Florida 4.2 Oklahoma 0.6
Georgia 0.6 Oregon 0.1
Guam 1.1 Pennsylvania 3.6
Hawaii 1.6 South Carolina 0.5
Illinois 14.4 Tennessee 1.2
Indiana 1.8 Texas 3.9
Iowa 1.6 Utah 1.9
Kentucky 0.6 Vermont 1.8
Louisiana 1.3 Virginia 0.2
Massachusetts 2.6 Washington 2.4
Michigan 1.2 West Virginia 0.2
Minnesota 0.5 Wisconsin 3.8
Mississippi 0.6 Total 100.0 %

Does not include the impact of the Fund’s open positions in derivatives, if any.


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 American.

 

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 Investment Advisers LLC at (800) 877-9700, or visit our website at www.nb.com.

4



 
Description of Index

Bloomberg Barclays 10-Year
Municipal Bond Index:
      The index is the 10-year (8-12 years to maturity) component of the Bloomberg Barclays Municipal Bond Index. The Bloomberg 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 the 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. Each Fund may invest in securities not included in the above described index and generally does not invest in all securities included in the index.

5



 
Schedule of Investments California Intermediate Municipal Fund Inc.
(Unaudited) April 30, 2018

PRINCIPAL AMOUNT VALUE
 
(000’s omitted) (000’s omitted)
 
Municipal Notes 173.4%
 
American Samoa 0.7%
$ 600       American Samoa Econ. Dev. Au. Gen. Rev. Ref., Ser. 2015-A, 6.25%, due 9/1/29 $ 577
 
California 155.9%
1,000 Bay Area Toll Au. Toll Bridge Rev., Ser. 2013-S-4, 5.00%, due 4/1/27 Pre-Refunded 4/1/23    1,136
1,500 Bay Area Toll Au. Toll Bridge Rev. (San Francisco Bay Area), Ser. 2012, 5.00%, due 4/1/21 1,633
California Ed. Facs. Au. Ref. Rev. (Univ. of Redlands)
250        Ser. 2016-A, 5.00%, due 10/1/28 289
260        Ser. 2016-A, 3.00%, due 10/1/29 257
400        Ser. 2016-A, 3.00%, due 10/1/30 390
1,000 California Hlth. Facs. Fin. Au. Rev. (Children’s Hosp. Los Angeles), Ser. 2012-A, 5.00%, due 11/15/26 1,089
1,000 California Infrastructure & Econ. Dev. Bank St. Sch. Fund Lease Rev. (King City Joint Union High Sch. 1,057
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, 5.63%, 1,017 (a)(b) 
due 7/1/44
500 California Muni. Fin. Au. Charter Sch. Lease Rev. (Vista Charter Middle Sch. Proj.), Ser. 2014, 5.13%, 526 (b) 
due 7/1/29
255 California Muni. Fin. Au. Charter Sch. Rev. (John Adams Academics Proj.), Ser. 2015-A, 4.50%, 258
due 10/1/25
1,000 California Muni. Fin. Au. Charter Sch. Rev. (Palmdale Aerospace Academy Proj.), Ser. 2016, 5.00%, 1,042 (a) 
due 7/1/31
500 California Muni. Fin. Au. Rev. (Baptist Univ.), Ser. 2015-A, 5.00%, due 11/1/30 539 (a) 
California Muni. Fin. Au. Rev. (Biola Univ.)
375        Ser. 2013, 4.00%, due 10/1/25 400
410        Ser. 2013, 4.00%, due 10/1/26 436
455        Ser. 2013, 4.00%, due 10/1/27 483
600 California Muni. Fin. Au. Rev. (Southwestern Law Sch.), Ser. 2011, 6.00%, due 11/1/26 669
California Muni. Fin. Au. Rev. (Touro College & Univ. Sys. Obligated Group)
605        Ser. 2014-A, 4.00%, due 1/1/27 625
630        Ser. 2014-A, 4.00%, due 1/1/28 648
330        Ser. 2014-A, 4.00%, due 1/1/29 338
400 California Sch. Fac. Fin. Au. Rev. (Alliance College - Ready Pub. Sch. Proj.), Ser. 2015-A, 5.00%, 446 (a) 
due 7/1/30
California Sch. Fac. Fin. Au. Rev. (KIPP LA Proj.)
400        Ser. 2017-A, 4.00%, due 7/1/23 421 (a) 
435        Ser. 2014-A, 4.13%, due 7/1/24 452
375        Ser. 2017-A, 5.00%, due 7/1/25 422 (a) 
130        Ser. 2017-A, 5.00%, due 7/1/27 149 (a) 
2,195 California St. Dept. of Veterans Affairs Home Purchase Ref. Rev., Ser. 2016-A, 3.00%, due 6/1/29 2,137
California St. Dept. of Wtr. Res. Ctr. Valley Proj. Rev. (Wtr. Sys.)
15        Ser. 2012-AN, 5.00%, due 12/1/21 17
540        Ser. 2012-AN, 5.00%, due 12/1/21 598
California St. Dept. of Wtr. Res. Pwr. Supply Rev.
1,240        Ser. 2010-L, 5.00%, due 5/1/22 Pre-Refunded 5/1/20 1,317
760        Ser. 2010-L, 5.00%, due 5/1/22 807
1,500 California St. G.O., Ser. 2012, 5.00%, due 2/1/27 1,649
965 California St. G.O. (Kindergarten Univ.), (LOC: State Street Bank & Trust Co.), Ser. 2004, 1.20%, 965 (c) 
due 5/1/34
1,000 California St. Infrastructure & Econ. Dev. Bank Rev. (Goodwill Industries of Sacramento Valley & No. 969 (a) 
Proj.), Ser. 2016-A, 5.00%, due 1/1/36
2,000 California St. Poll. Ctrl. Fin. Au. Rev. (San Jose Wtr. Co. Proj.), Ser. 2016, 4.75%, due 11/1/46 2,124
750 California St. Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev. (Aemerage Redak Svcs. So. California LLC 715 (a)(b) 
Proj.), Ser. 2016, 7.00%, due 12/1/27
2,000 California St. Poll. Ctrl. Fin. Au. Wtr. Furnishing Rev., Ser. 2012, 5.00%, due 7/1/27 2,170 (a) 
1,095 California St. Pub. Works Board Lease Rev. (California Comm. Colleges), Ser. 2004-B, 5.50%, 1,098
due 6/1/20

See Notes to Financial Statements 6



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

PRINCIPAL AMOUNT       VALUE
 
(000’s omitted) (000’s omitted)
 
$ 415       California St. Sch. Fin. Au. Charter Sch. Rev. (Downtown College Prep-Oblig. Group), Ser. 2016, $ 416 (a) 
4.50%, due 6/1/31
400 California St. Sch. Fin. Au. Charter Sch. Rev. (Rocketship Edu.), Ser. 2016-A, 5.00%, due 6/1/31 414 (a) 
595 California St. Sch. Fin. Au. Ed. Facs. Rev. (Partnerships Uplifts Comm. Valley Proj.), Ser. 2014-A, 618
5.35%, due 8/1/24
1,000 California St. Var. Purp. G.O., Ser. 2012, 4.00%, due 9/1/21    1,064
720 California Statewide CDA Rev. (Henry Mayo Newhall Mem. Hosp.), Ser. 2014-A, (AGM Insured), 812
5.00%, due 10/1/26
700 California Statewide CDA Rev. (Redwoods Proj.), Ser. 2013, 5.00%, due 11/15/28 792
550 California Statewide CDA Rev. (Sr. Living So. California Presbyterian Homes), Ser. 2009, 6.25%, 570 (a) 
due 11/15/19
1,500 California Statewide CDA Rev. (St. Joseph Hlth. Sys.), Ser. 2000, (National Public Finance Guarantee 1,509
Corp. Insured), 5.13%, due 7/1/24 Pre-Refunded 7/1/18
600 California Statewide CDA Rev. Ref. (Lancer Ed. Std. Hsg. Proj.), Ser. 2016-A, 5.00%, due 6/1/36 621 (a) 
1,500 California Statewide CDA Rev. Ref. (Loma Linda Univ. Med. Ctr.), Ser. 2014-A, 5.25%, due 12/1/29 1,639
1,500 California Statewide CDA Rev. Ref. (Redlands Comm. Hosp.), Ser. 2016, 4.00%, due 10/1/41 1,491
1,200 California Statewide CDA Spec. Tax Rev. Ref. (Comm. Facs. Dist. #2007-01 Orinda Wilder Proj.), 1,320
Ser. 2015, 4.50%, due 9/1/25
2,055 California Statewide CDA Std. Hsg. Rev. (Univ. of Irvin Campus Apts. Phase IV), Ser. 2017-A, 5.00%, 2,338
due 5/15/32
500 California Statewide CDA Std. Hsg. Rev. Ref. (Baptist University), Ser. 2017-A, 5.00%, due 11/1/32 544 (a) 
2,000 Contra Costa Co. Redev. Agcy. Successor Agcy. Tax Allocation Ref., Ser. 2017-A, (BAM Insured), 2,350
5.00%, due 8/1/31
Corona Norco Unified Sch. Dist. Pub. Fin. Au. Sr. Lien Rev.
350        Ser. 2013-A, 5.00%, due 9/1/26 394
560        Ser. 2013-A, 5.00%, due 9/1/27 629
1,365 Daly City Hsg. Dev. Fin. Agcy. Rev. Ref. (Franciscan Mobile Home Park), Ser. 2007-A, 5.00%, 1,368
due 12/15/21
2,000 Davis Joint Unified Sch. Dist. Cert. of Participation (Yolo Co.), Ser. 2014, (BAM Insured), 4.00%, 2,180
due 8/1/24
5,000 Deutsche Bank Spears/Lifers Trust Rev. (Floaters) (Deutsche Bank AG), Ser. 2017-7007, 2.25%, 5,000 (a)(c) 
due 3/1/42
1,250 Emeryville Redev. Agcy. Successor Agcy. Tax Allocation Ref. Rev., Ser. 2014-A, (AGM Insured), 5.00%, 1,444
due 9/1/25
Golden St. Tobacco Securitization Corp. Tobacco Settlement Asset-Backed Rev.
3,520        Ser. 2007-A-1, 5.00%, due 6/1/33 3,521
3,000        Ser. 2007-A-1, 5.75%, due 6/1/47 3,045 (d) 
1,000 Imperial Comm. College Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, (AGM Insured), 1,299
6.75%, due 8/1/40 Pre-Refunded 8/1/25
1,000 Inglewood Pub. Fin. Au. Ref. Rev., Ser. 2012, 5.00%, due 8/1/18 1,008
1,000 Inglewood Unified Sch. Dist. Facs. Fin. Au. Rev., Ser. 2007, (AGM Insured), 5.25%, due 10/15/26 1,156
Irvine Spec. Tax (Comm. Facs. Dist. Number 2005-2)
150        Ser. 2013, 4.00%, due 9/1/23 161
300        Ser. 2013, 4.00%, due 9/1/24 321
450        Ser. 2013, 4.00%, due 9/1/25 480
645        Ser. 2013, 3.50%, due 9/1/26 668
690        Ser. 2013, 3.63%, due 9/1/27 716
1,600 Irvine Unified Sch. Dist. Spec. Tax (Comm. Facs. Dist. # 09-1), (LOC: U.S. Bank), Ser. 2014, 1,600 (c) 
1.29%, due 9/1/54
680 Jurupa Pub. Fin. Auth. Spec. Tax Rev., Ser. 2014-A, 5.00%, due 9/1/24 781
La Verne Cert. of Participation (Brethren Hillcrest Homes)
315        Ser. 2014, 5.00%, due 5/15/26 338
500        Ser. 2014, 5.00%, due 5/15/29 533
1,105 Lodi Pub. Fin. Au. Lease Rev., Ser. 2012, 5.25%, due 10/1/26 1,228
2,000 Los Angeles Muni. Imp. Corp. Lease Ref. Rev. (Real Property), Ser. 2012-C, 5.00%, due 3/1/27 2,207
500 Los Angeles Reg. Arpt. Imp. Corp. Lease Rev. (Laxfuel Corp.), Ser. 2012, 4.50%, due 1/1/27 520
425 Mill Valley Sch. Dist. G.O. Cap. Appreciation, Ser. 1994-A, 0.00%, due 8/1/19 406
1,000 Mountain House Pub. Fin. Au. Utils. Sys. Rev., Ser. 2007, 5.00%, due 12/1/22 1,002
1,385 Ohlone Comm. College Dist. G.O. (Election 2010), Ser. 2014-B, 0.00%, due 8/1/29 921
1,490 Oxnard Harbor Dist. Rev., Ser. 2011-B, 4.50%, due 8/1/24 1,624

See Notes to Financial Statements 7



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

PRINCIPAL AMOUNT       VALUE
 
(000’s omitted) (000’s omitted)
 
$ 1,250       Palomar Hlth. Ref. Rev., Ser. 2016, 4.00%, due 11/1/39 $         1,228
1,500 Pico Rivera Pub. Fin. Au. Lease Rev., Ser. 2009, 4.75%, due 9/1/25 Pre-Refunded 9/1/19 1,559
1,000 Rancho Cucamonga Redev. Agcy. Successor Agcy. Tax Allocation Rev. (Rancho Redev. Proj.), Ser. 2014, 1,145
(AGM Insured), 5.00%, due 9/1/27
Riverside Co. Comm. Facs. Dist. Spec. Tax Rev. (Scott Road)
355        Ser. 2013, 4.00%, due 9/1/21 365
600        Ser. 2013, 5.00%, due 9/1/25 655
Riverside Co. Trans. Commission Toll Rev. Sr. Lien (Cap. Appreciation)
1,320        Ser. 2013-B, 0.00%, due 6/1/22 1,162
1,500        Ser. 2013-B, 0.00%, due 6/1/23 1,269
Romoland Sch. Dist. Spec. Tax Ref. (Comm. Facs. Dist. Number 2006-1)
100        Ser. 2017, 4.00%, due 9/1/29 104
200        Ser. 2017, 4.00%, due 9/1/30 205
525        Ser. 2017, 3.25%, due 9/1/31 488
1,700 Sacramento Area Flood Ctrl. Agcy. Ref. (Consol Capital Assessment Dist. Number 2), Ser. 2016-A, 1,917
5.00%, due 10/1/47
Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.)
1,000        Ser. 2006-E, (AMBAC Insured), 5.25%, due 12/1/24 1,174
400        Ser. 2006-E, (AMBAC Insured), 5.25%, due 12/1/26 483
1,950 Sacramento Co. Arpt. Sys. Rev. Ref., Ser. 2018-C, 5.00%, due 7/1/33 2,247 (e) 
500 Sacramento Spec. Tax (Natomas Meadows Comm. Facs. Dist. Number 2007-01), Ser. 2017, 5.00%, 518 (a) 
due 9/1/47
1,350 San Bernardino Comm. College Dist. G.O. (Election 2002), Ser. 2008-A, 6.25%, 1,365
due 8/1/24 Pre-Refunded 8/1/18
San Francisco City & Co. Arpts. Commission Int’l Ref. Rev.
750        Ser. 2009-D2, 3.00%, due 5/1/21 772
1,000        Ser. 2009-C2, 5.00%, due 5/1/21 1,031
1,220 San Francisco City & Co. Redev. Fin. Au. Tax Allocation (San Francisco Redev. Proj.), Ser. 2003-B, 1,223
(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 2,086
530 San Jose Multi-Family Hsg. Rev. (Fallen Leaves Apts. Proj.), Ser. 2002-J1, (AMBAC Insured), 4.95%, 531
due 12/1/22
San Juan Unified Sch. Dist. G.O.
1,000        Ser. 2012-C, 4.00%, due 8/1/22 1,060
1,070        Ser. 2012-C, 4.00%, due 8/1/25 1,128
685 San Mateo Foster City Sch. Dist. G.O. (Election 2015), Ser. 2016-A, 4.00%, due 8/1/29 750
San Mateo Union High Sch. Dist. G.O. (Election 2010)
105        Ser. 2011-A, 0.00%, due 9/1/25 77
895        Ser. 2011-A, 0.00%, due 9/1/25 Pre-Refunded 9/1/21 657
1,000 San Rafael City High Sch. Dist. G.O. Cap. Appreciation (Election 2002), Ser. 2004-B, (National Public 996
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 1,449
Guaranty Insured), 5.00%, due 12/1/21
Santa Maria Bonita Sch. Dist. Cert. of Participation (New Sch. Construction Proj.)
310        Ser. 2013, (BAM Insured), 3.25%, due 6/1/25 322
575        Ser. 2013, (BAM Insured), 3.50%, due 6/1/26 602
325        Ser. 2013, (BAM Insured), 3.50%, due 6/1/27 338
270        Ser. 2013, (BAM Insured), 3.50%, due 6/1/28 280
1,000 Santa Monica-Malibu Unified Sch. Dist. Ref. G.O., Ser. 2013, 3.00%, due 8/1/27 1,031
1,000 Successor Agcy. to the Monrovia Redev. Agcy. Tax Allocation Rev. (Cent. Redev. Proj.), Ser. 2013, 1,096
5.00%, due 8/1/26
290 Sulphur Springs Union Sch. Dist. Cert. of Participation Conv. Cap. Appreciation Bonds, Ser. 2010, 327
(AGM Insured), 6.50%, due 12/1/37
1,145 Sulphur Springs Union Sch. Dist. Cert. of Participation Conv. Cap. Appreciation Bonds (Unrefunded), 1,404
Ser. 2010, (AGM Insured), 6.50%, 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 2,265

See Notes to Financial Statements 8



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

PRINCIPAL AMOUNT      VALUE
 
(000’s omitted) (000’s omitted)
 
      Vernon Elec. Sys. Rev.
$ 420        Ser. 2009-A, 5.13%, due 8/1/21 Pre-Refunded 8/1/19 $ 434
975        Ser. 2009-A, 5.13%, due 8/1/21       1,006
3,000 Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C, 0.00%, 3,863 (f) 
due 8/1/37
1,500 Vista Unified Sch. Dist. G.O., Ser. 2012, 5.00%, due 8/1/21 1,646
3,500 William S. Hart Union High Sch. Dist. G.O. Cap. Appreciation (Election 2001), Ser. 2005-B, 2,757
(AGM Insured), 0.00%, due 9/1/26
2,250 Wiseburn Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-B, (AGM Insured), 1,947 (g) 
0.00%, due 8/1/36
127,298
 
Florida 0.7%
525 Lakeland Ed. Facs. Rev. (Florida So. College Proj.), Ser. 2012-A, 5.00%, due 9/1/24 577
 
Georgia 0.7%
600 Greene Co. Dev. Au. Swr. Fac. Rev., Ser. 2015, 6.13%, due 1/1/25 584 (a)(b) 
 
Guam 2.7%
1,110 Guam Gov’t Hotel Occupancy Tax Rev., Ser. 2011-A, 5.25%, due 11/1/18 1,126
1,000 Guam Gov’t Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, 1,067
due 7/1/25 Pre-Refunded 7/1/20
2,193
 
Illinois 2.3%
1,000 Chicago Ref. G.O., Ser. 2003-B, 5.00%, due 1/1/23 1,052
750 Illinois St. G.O., Ser. 2013, 5.00%, due 7/1/23 784
1,836
 
Louisiana 0.6%
500 Louisiana Pub. Facs. Au. Rev. (Southwest Louisiana Charter Academy Foundation Proj.), Ser. 2013-A, 528
7.63%, due 12/15/28
 
Nevada 1.3%
1,000 Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23 Pre-Refunded 6/15/19 1,061
 
New Jersey 1.0%
750 New Jersey St. Econ. Dev. Au. Rev. (Continental Airlines, Inc., Proj.), Ser. 1999, 5.13%, due 9/15/23 809
 
North Carolina 0.8%
655 North Carolina Med. Care Commission Hlth. Care Fac. First Mtge. Rev. (Lutheran Svcs. for Aging, Inc.), 679
Ser. 2012-A, 4.25%, due 3/1/24
 
Ohio 1.2%
1,000 Buckeye Tobacco Settlement Fin. Au. Asset-Backed Rev. (Turbo), Ser. 2007-A-2, 5.88%, due 6/1/47 994
 
Pennsylvania 2.7%
Pennsylvania St. Turnpike Commission Rev.
285        Subser. 2010-B2, 6.00%, due 12/1/34 Pre-Refunded 12/1/20 313
305        Subser. 2010-B2, 6.00%, due 12/1/34 Pre-Refunded 12/1/20 335
1,410        Subser. 2010-B2, 6.00%, due 12/1/34 Pre-Refunded 12/1/20 1,551
2,199

See Notes to Financial Statements 9



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

PRINCIPAL AMOUNT       VALUE
 
(000’s omitted) (000’s omitted)
 
Puerto Rico 1.2%
$ 1,000       Puerto Rico Muni. Fin. Agcy. Rev., Ser. 2002-A, (AGM Insured), 5.25%, due 8/1/21 $ 1,002
 
Tennessee 0.7%
500 Tennessee St. Energy Acquisition Corp. Gas Rev. (Goldman Sachs Group, Inc.), Ser. 2006-A, 559
5.25%, due 9/1/23
 
Texas 0.3%
300 Mission Econ. Dev. Corp. Wtr. Supply Rev. (Green Bond-Env. Wtr. Minerals Proj.), Ser. 2015, 232 (a)(b) 
7.75%, due 1/1/45
 
Virgin Islands 0.6%
Virgin Islands Pub. Fin. Au. Rev.
250        Ser. 2014-A, 5.00%, due 10/1/24 182
500        Ser. 2014-A, 5.00%, due 10/1/29 334
516
 
Total Investments 173.4% (Cost $134,811) 141,644
 
Liabilities Less Other Assets (1.2)% (998 )
 
Liquidation Value of Variable Rate Municipal Term Preferred Shares (58,966 )
(net of unamortized deferred offering costs of approximately $34,000) (72.2)%
 
Net Assets Applicable to Common Stockholders 100.0% $ 81,680

(a)      

Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from registration, may only be sold to qualified institutional investors or may have other restrictions on resale. At April 30, 2018, these securities amounted to approximately $16,789,000, which represents 20.6% of net assets applicable to common stockholders of the Fund. Securities denoted with (a) but without (b) have been deemed by the investment manager to be liquid.

 

(b)

Illiquid security.

 

(c)

Variable rate demand obligation where the stated interest rate is not based on a published reference rate and spread. Rather, the interest rate generally resets daily or weekly and is determined by the remarketing agent. The rate shown represents the rate in effect at April 30, 2018.

 

(d)

All or a portion of this security is segregated in connection with obligations for when-issued securities with a total value of approximately $3,045,000.

 

(e)

When-issued security. Total value of all such securities at April 30, 2018, amounted to approximately $2,247,000, which represents 2.8% of net assets applicable to common stockholders of the Fund.

 

(f)

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

 

(g)

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


See Notes to Financial Statements 10



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

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund’s investments as of April 30, 2018:

Asset Valuation Inputs              
(000’s omitted) Level 1   Level 2 Level 3   Total
Investments:                                
Municipal Notes(a)  $—         $141,644 $—         $141,644
Total Investments $— $141,644 $— $141,644

(a) The Schedule of Investments provides a categorization by state/territory for the portfolio.
     
  As of the six months ended April 30, 2018, no securities were transferred from one level (as of October 31, 2017) to another.

See Notes to Financial Statements 11



 
Schedule of Investments Intermediate Municipal Fund Inc.
(Unaudited) April 30, 2018

PRINCIPAL AMOUNT   VALUE
 
(000’s omitted)       (000’s omitted)
     
Municipal Notes 162.9%        
 
Alabama 0.7%        
$1,900       Selma IDB Rev. (Int’l Paper Co. Proj.), Ser. 2011-A, 5.38%, due 12/1/35 $      2,044  
 
Alaska 0.1%        
200 Valdez Marine Term. Rev. Ref. (Exxon Pipeline Co. Proj.), Ser. 1993-A, 1.55%, due 12/1/33     200 (a) 
 
American Samoa 0.6%        
1,700 American Samoa Econ. Dev. Au. Gen. Rev. Ref., Ser. 2015-A, 6.25%, due 9/1/29     1,635  
 
Arizona 4.8%        
5,000 Arizona Sch. Fac. Board Cert. of Participation, Ser. 2008, (Assured Guaranty Insured), 5.13%,     5,055  
    due 9/1/21 Pre-Refunded 9/1/18        
500 Maricopa Co. Ind. Dev. Au. Ed. Ref. Rev. (Paradise Sch. Proj. Paragon Management, Inc.),     507 (b) 
    Ser. 2016, 5.00%, due 7/1/36        
1,500 Maricopa Co. Ind. Dev. Au. Sr. Living Facs. Rev. (Christian Care Surprise, Inc. Proj.), Ser. 2016,     1,500 (b)(c) 
    5.00%, due 1/1/26        
2,250 Navajo Nation Ref. Rev., Ser. 2015-A, 5.00%, due 12/1/25     2,386 (b) 
3,000 Phoenix Ind. Dev. Au. Ed. Rev. (Great Hearts Academies Proj.), Ser. 2014, 3.75%, due 7/1/24     3,058  
400 Phoenix Ind. Dev. Au. Rev. (Deer Valley Veterans Assisted Living Proj.), Ser. 2016-A,     392  
    5.13%, due 7/1/36        
1,500 Phoenix Ind. Dev. Au. Solid Waste Disp. Rev. (Vieste Spec. LLC), Ser. 2013-A, 4.38%, due 4/1/28     82 (c)(d) 
400 Phoenix-Mesa Gateway Arpt. Au. Spec. Fac. Rev. (Mesa Proj.), Ser. 2012, 5.00%, due 7/1/24     438  
          13,418  
 
California 34.2%        
2,250 California Hlth. Facs. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.), Ser. 2009, 5.00%,     2,342  
    due 8/15/39 Pre-Refunded 8/15/19        
1,000 California Hlth. Facs. Fin. Au. Rev. (Children’s Hosp. Los Angeles), Ser. 2012-A,     1,089  
    5.00%, due 11/15/26        
1,725 California Infrastructure & Econ. Dev. Bank St. Sch. Fund Rev. (King City Joint Union High Sch.),     1,824  
    Ser. 2010, 5.13%, due 8/15/24        
    California Muni. Fin. Au. Charter Sch. Lease Rev. (Sycamore Academy Proj.)        
805 Ser. 2014, 5.00%, due 7/1/24     818 (b)(c) 
630 Ser. 2014, 5.13%, due 7/1/29     628 (b)(c) 
    California Muni. Fin. Au. Charter Sch. Lease Rev. (Vista Charter Middle Sch. Proj.)        
970 Ser. 2014, 5.00%, due 7/1/24     1,013 (c) 
430 Ser. 2014, 5.13%, due 7/1/29     452 (c) 
500 California Muni. Fin. Au. Charter Sch. Rev. (Palmdale Aerospace Academy Proj.), Ser. 2016,     521 (b) 
    5.00%, due 7/1/31        
570 California Muni. Fin. Au. Rev. (Baptist Univ.), Ser. 2015-A, 5.00%, due 11/1/30     615 (b) 
585 California Muni. Fin. Au. Rev. (Touro College & Univ. Sys. Obligated Group), Ser. 2014-A,     606  
    4.00%, due 1/1/26        
1,300 California Sch. Fac. Fin. Au. Rev. (Alliance College - Ready Pub. Sch. Proj.), Ser. 2015-A,     1,449 (b) 
    5.00%, due 7/1/30        
    California St. Dept. of Veterans Affairs Home Purchase Ref. Rev.        
2,155 Ser. 2016-A, 2.90%, due 6/1/28     2,094  
2,450 Ser. 2016-A, 2.95%, due 12/1/28     2,383  
50 California St. G.O., Ser. 2007, (XLCA Insured), 4.50%, due 8/1/27     50  
500 California St. Infrastructure & Econ. Dev. Bank Rev. (Goodwill Industries of Sacramento Valley &     484 (b) 
    No. Proj.), Ser. 2016-A, 5.00%, due 1/1/36        
500 California St. Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev. (Aemerage Redak Svcs. So. California LLC     477 (b)(c) 
    Proj.), Ser. 2016, 7.00%, due 12/1/27        

See Notes to Financial Statements 12  



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

PRINCIPAL AMOUNT       VALUE
 
(000’s omitted) (000’s omitted)
 
$5,000       California St. Poll. Ctrl. Fin. Au. Wtr. Furnishing Rev., Ser. 2012, 5.00%, due 7/1/27 $      5,424 (b) 
4,000 California St. Var. Purp. G.O., Ser. 2009, 5.63%, due 4/1/25     4,138  
2,800 Deutsche Bank Spears/Lifers Trust Rev. (Floaters) (Deutsche Bank AG), Ser. 2017-7007,     2,800 (a)(b) 
    2.25%, due 3/1/42        
2,000 Emery Unified Sch. Dist. G.O. (Election 2010), Ser. 2011-A, 6.50%, due 8/1/33 Pre-Refunded 8/1/21     2,285  
2,000 Golden St. Tobacco Securitization Corp. Tobacco Settlement Asset-Backed Rev., Ser. 2007-A-1,     2,030  
    5.75%, due 6/1/47        
2,000 Imperial Comm. College Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A,     2,598  
    (AGM Insured), 6.75%, due 8/1/40 Pre-Refunded 8/1/25        
1,115 Inglewood Pub. Fin. Au. Ref. Rev. (Lease), Ser. 2012, 5.00%, due 8/1/18     1,124  
590 La Verne Cert. of Participation Ref. (Brethren Hillcrest Homes), Ser. 2014, 5.00%, due 5/15/29     629  
2,250 Los Angeles Reg. Arpt. Imp. Corp. Lease Rev. Ref. (Laxfuel Corp.), Ser. 2012, 4.50%, due 1/1/27     2,342  
3,620 Norwalk-La Mirada Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 2005-B, (AGM Insured),     3,082  
    0.00%, due 8/1/24        
5,750 Norwalk-La Mirada Unified Sch. Dist. G.O. Cap. Appreciation (Election 2002), Ser. 2009-E,     5,987 (e) 
    (Assured Guaranty Insured), 0.00%, due 8/1/29        
5,000 Redondo Beach Unified Sch. Dist. G.O., Ser. 2009, 6.38%, due 8/1/34     6,408  
815 Rocklin Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 1994-B, (National Public Finance Guarantee     779  
    Corp. Insured), 0.00%, due 8/1/19        
4,000 Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.), Ser. 2006-E, (AMBAC Insured),     4,825  
    5.25%, due 12/1/26        
2,000 San Bernardino Comm. College Dist. G.O. Cap. Appreciation (Election), Ser. 2009-B, 0.00%,     2,313 (f) 
    due 8/1/34        
2,000 San Francisco City & Co. Arpt. Commission Int’l Arpt. Ref. Rev., Ser. 2009-C2, 5.00%, due 5/1/25     2,062  
6,000 San Mateo Foster City Sch. Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2010-A, 0.00%,     5,819 (g) 
    due 8/1/32        
1,540 Successor Agcy. to the Monrovia Redev. Agcy. Tax Allocation Rev. (Cent. Redev. Proj.), Ser. 2013,     1,687  
    5.00%, due 8/1/26        
2,040 Sweetwater Union High Sch. Dist. Pub. Fin. Au. Rev., Ser. 2013, (BAM Insured), 5.00%,     2,310  
    due 9/1/25        
    Vernon Elec. Sys. Rev.        
635 Ser. 2009-A, 5.13%, due 8/1/21 Pre-Refunded 8/1/19     656  
1,470 Ser. 2009-A, 5.13%, due 8/1/21     1,516  
9,070 Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C,     11,679 (h) 
    0.00%, due 8/1/37        
5,095 Victor Valley Joint Union High Sch. Dist. G.O. Cap. Appreciation Bonds, Ser. 2009,     3,993  
    (Assured Guaranty Insured), 0.00%, due 8/1/26        
3,000 Wiseburn Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-B, (AGM Insured),     2,596 (i) 
    0.00%, due 8/1/36        
          95,927  
 
Colorado 4.5%        
    Colorado Ed. & Cultural Facs. Au. Rev. (Charter Sch.- Atlas Preparatory Sch. Proj.)        
500 Ser. 2015, 4.50%, due 4/1/25     505 (b) 
1,000 Ser. 2015, 5.13%, due 4/1/35     1,010 (b) 
    Colorado Ed. & Cultural Facs. Au. Rev. Ref.        
305 Ser. 2014, 4.00%, due 11/1/24     308 (c) 
750 Ser. 2014, 4.50%, due 11/1/29     761 (c) 
5,000 Denver City & Co. Arpt. Sys. Rev., Ser. 2011-B, 5.00%, due 11/15/24     5,420  
2,550 Plaza Metro. Dist. Number 1 Tax Allocation Rev., Ser. 2013, 4.00%, due 12/1/23     2,614 (b) 
8,000 Villages at Castle Rock Co. Metro. Dist. #6 (Cabs - Cobblestone Ranch Proj.), Ser. 2007-2,     2,033  
    0.00%, due 12/1/37        
          12,651  

See Notes to Financial Statements 13  



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


PRINCIPAL AMOUNT       VALUE
   
(000’s omitted) (000’s omitted)
   
Connecticut 0.3%        
$ 750       Hamden G.O., Ser. 2013, (AGM Insured), 3.13%, due 8/15/25 $ 760  
   
District of Columbia 3.3%        
1,615 Dist. of Columbia HFA Rev. (Capitol Hill Towers Proj.), Ser. 2011, (Fannie Mae Insured),     1,690  
      4.10%, due 12/1/26        
3,035 Dist. of Columbia Rev. (Friendship Pub. Charter Sch.), Ser. 2012, 3.55%, due 6/1/22     3,072 (j) 
520 Dist. of Columbia Rev. (Howard Univ.), Ser. 2011-A, 6.25%, due 10/1/23     554  
650 Dist. of Columbia Std. Dorm. Rev. (Provident Group-Howard Prop.), Ser. 2013, 5.00%,     643  
      due 10/1/45        
      Metro. Washington Dist. of Columbia Arpt. Au. Sys. Rev.        
1,000 Ser. 2008-A, 5.50%, due 10/1/18     1,014  
2,000 Ser. 2011-C, 5.00%, due 10/1/26     2,157  
            9,130  
   
Florida 6.9%        
1,600 Cap. Trust Agcy. Rev. (Tuscan Gardens Palm Coast Proj.), Ser. 2017-A, 7.00%, due 10/1/49     1,551 (b)(c) 
1,000 Cityplace Comm. Dev. Dist. Spec. Assessment Rev. Ref., Ser. 2012, 5.00%, due 5/1/26     1,123  
1,075 Florida Dev. Fin. Corp. Ed. Facs. Rev. (Pepin Academies, Inc.), Ser. 2016-A, 5.00%, due 7/1/36     1,005  
      Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.)        
975 Ser. 2012-A, 5.50%, due 6/15/22     990 (b) 
3,120 Ser. 2013-A, 6.75%, due 12/15/27     3,289  
1,750 Ser. 2014-A, 5.75%, due 6/15/29     1,820  
1,200 Florida Dev. Fin. Corp. Sr. Living Rev. (Tuscan Isle Champions Gate Proj.), Ser. 2016-A, 6.38%,     1,180 (b) 
      due 6/1/46        
1,075 Florida Dev. Fin. Corp. Sr. Living Rev. (Tuscan Isle Obligated Group), Ser. 2015-A, 7.00%,     858 (b) 
      due 6/1/45        
100 Greater Orlando Aviation Au. Arpt. Facs. Ref. Rev. (JetBlue Airways Corp. Proj.), Ser. 2013,     103  
      5.00%, due 11/15/36        
1,000 Hillsborough Co. Ind. Dev. Au. IDR (Hlth. Facs.), Ser. 2008-B, 8.00%,     1,087  
      due 8/15/32 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     1,242  
2,000 Lee Co. Arpt. Ref. Rev., Ser. 2011-A, 5.63%, due 10/1/25     2,191  
2,000 Martin Co. Ind. Dev. Au. Ref. Rev. (Indiantown Cogeneration Proj.), Ser. 2013, 4.20%, due 12/15/25     2,022 (b) 
955 Village Comm. Dev. Dist. Number 11 Spec. Assessment Rev., Ser. 2014, 4.13%, due 5/1/29     954  
            19,415  
   
Georgia 1.0%        
1,750 Cobb Co. Dev. Au. Sr. Living Ref. Rev. (Provident Village Creekside Proj.), Ser. 2016-A, 6.00%,     1,608 (b)(c) 
      due 7/1/36        
1,100 Greene Co. Dev. Au. Swr. Fac. Rev., Ser. 2015, 6.13%, due 1/1/25     1,070 (b)(c) 
            2,678  
   
Guam 1.7%        
      Guam Gov’t Hotel Occupancy Tax Rev.        
1,220 Ser. 2011-A, 5.75%, due 11/1/20     1,309  
650 Ser. 2011-A, 5.75%, due 11/1/21     705  
2,630 Guam Gov’t Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%,     2,808  
      due 7/1/25 Pre-Refunded 7/1/20        
            4,822  

See Notes to Financial Statements 14  



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

PRINCIPAL AMOUNT       VALUE
 
(000’s omitted)   (000’s omitted)
 
Hawaii 2.7%        
$5,200       Hawaii St. Arpt. Sys. Ref. Rev., Ser. 2011, 4.13%, due 7/1/24 $      5,450  
2,000 Hawaii St. Dept. of Budget & Fin. Spec. Purp. Rev. (Hawaii Elec. Co., Inc. -Subsidiary), Ser. 2009,     2,079  
    6.50%, due 7/1/39        
          7,529  
 
Illinois 23.4%        
5,705 Berwyn G.O., Ser. 2013-A, 5.00%, due 12/1/27     5,985  
    Chicago G.O.        
250 Ser. 2002-2002B, 5.13%, due 1/1/27     262  
2,000 Ser. 2002-B, 5.00%, due 1/1/25     2,101  
2,000 Ser. 2009-C, 5.00%, due 1/1/27     2,012  
    Chicago Ref. G.O.        
1,000 Ser. 2005-D, 5.50%, due 1/1/40     1,048  
2,500 Ser. 2012-C, 5.00%, due 1/1/24     2,594  
700 Ser. 2014-A, 5.00%, due 1/1/27     724  
3,000 Ser. 2017-A, 6.00%, due 1/1/38     3,334  
    Cook Co. Sch. Dist. Number 83 G.O. (Mannheim)        
1,350 Ser. 2013-C, 5.45%, due 12/1/30     1,472  
1,960 Ser. 2013-C, 5.50%, due 12/1/31     2,139  
1,970 Cook Co. Township High Sch. Dist. Number 225 Northfield Township, Ser. 2008,     1,975  
    5.00%, due 12/1/25        
1,560 Illinois Fin. Au. Ref. Rev. (Presence Hlth. Network Obligated Group), Ser. 2016-C,     1,748  
    5.00%, due 2/15/31        
4,000 Illinois Fin. Au. Ref. Rev. (Roosevelt Univ. Proj.), Ser. 2009, 5.75%, due 4/1/24     4,192  
3,340 Illinois Fin. Au. Rev. (Provena Hlth.), Ser. 2010-A, 6.25%, due 5/1/22 Pre-Refunded 5/1/20     3,612  
2,000 Illinois Fin. Au. Rev. Ref. (Northwestern Mem. Hlth. Care Obligated Group), Ser. 2017-A,     2,023  
    4.00%, due 7/15/47        
1,905 Illinois Sports Facs. Au. Cap. Appreciation Rev. (St. Tax Supported), Ser. 2001, (AMBAC Insured),     1,335  
    0.00%, due 6/15/26        
    Illinois St. G.O.        
2,900 Ser. 2009-A, 5.00%, due 9/1/29     2,907  
3,900 Ser. 2012, 4.00%, due 8/1/25     3,815  
1,000 Ser. 2013, 5.00%, due 7/1/23     1,046  
2,200 Ser. 2017-D, 5.00%, due 11/1/28     2,271  
4,250 Illinois St. G.O. Ref., Ser. 2016, 5.00%, due 2/1/24     4,419  
1,600 Pingree Grove Village Rev. (Cambridge Lakes Learning Ctr. Proj.), Ser. 2011, 8.00%,     1,824  
    due 6/1/26 Pre-Refunded 6/1/21        
    So. Illinois Univ. Cert. of Participation (Cap. Imp. Proj.)        
945 Ser. 2014-A-1, (BAM Insured), 5.00%, due 2/15/27     1,007  
1,375 Ser. 2014-A-1, (BAM Insured), 5.00%, due 2/15/28     1,460  
715 Ser. 2014-A-1, (BAM Insured), 5.00%, due 2/15/29     756  
    Univ. of Illinois (Hlth. Svc. Facs. Sys.)        
2,725 Ser. 2013, 5.00%, due 10/1/27     2,946  
2,875 Ser. 2013, 5.75%, due 10/1/28     3,224  
1,500 Upper Illinois River Valley Dev. Au. Rev. Ref. (Cambridge Lakes Learning Ctr.), Ser. 2017-A,     1,507 (b) 
    5.25%, due 12/1/47        
1,850 Will Co. High Sch. Dist. Number 204 G.O. (Joliet Jr. College), Ser. 2011-A, 6.25%, due 1/1/31     2,033  
          65,771  
 
Indiana 3.0%        
4,000 Indiana Bond Bank Rev. (Spec. Prog. Clark Mem. Hosp.), Ser. 2009-D, 5.50%,     4,107  
    due 8/1/29 Pre-Refunded 2/1/19        
3,055 Indiana Trans. Fin. Au. Hwy. Ref. Rev., Ser. 2004-B, (National Public Finance Guarantee Corp.     3,438  
    Insured), 5.75%, due 12/1/21        
795 Valparaiso Exempt Facs. Rev. (Pratt Paper LLC Proj.), Ser. 2013, 5.88%, due 1/1/24     867  
          8,412  

See Notes to Financial Statements 15  



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

PRINCIPAL AMOUNT       VALUE
 
(000’s omitted)   (000’s omitted)
 
Iowa 2.6%        
$5,110       Iowa Fin. Au. Rev. (St. Revolving Fund Prog.), Ser. 2008, 5.50%, due 8/1/22 Pre-Refunded 8/1/18 $ 5,156  
    Iowa Std. Loan Liquidity Corp. Rev.        
1,540 Ser. 2011-A-1, 5.00%, due 12/1/21     1,622  
440 Ser. 2011-A-1, 5.30%, due 12/1/23     465  
          7,243  
 
Kentucky 1.0%        
2,585 Kentucky Econ. Dev. Fin. Au. Hlth. Care Ref. Rev. (Baptist Life Comm. Proj.), Ser. 2016-A,     2,533  
    5.50%, due 11/15/27        
150 Ohio Co. PCR Ref. (Big Rivers Elec. Corp. Proj.), Ser. 2010-A, 6.00%, due 7/15/31     151  
          2,684  
 
Louisiana 2.1%        
1,500 Louisiana Local Gov’t Env. Fac. & Comm. (Westlake Chemical Corp.), Ser. 2010-A2, 6.50%,     1,648  
    due 11/1/35        
1,715 Louisiana Local Govt. Env. Facs. & Comm. Dev. Au. Rev. Ref. (Westside Habilitation Ctr. Proj.),     1,679 (b) 
    Ser. 2017-A, 5.75%, due 2/1/32        
775 Louisiana Pub. Facs. Au. Rev. (Southwest Louisiana Charter Academy Foundation Proj.),     818  
    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%,     1,722  
    due 12/1/40 Putable 6/1/22        
          5,867  
 
Massachusetts 4.2%        
    Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.)        
200 Ser. 2014-F, 5.00%, due 7/15/24     216  
415 Ser. 2014-F, 5.00%, due 7/15/25     446  
200 Ser. 2014-F, 5.00%, due 7/15/26     214  
190 Ser. 2014-F, 5.00%, due 7/15/27     202  
150 Ser. 2014-F, 5.00%, due 7/15/28     159  
    Massachusetts St. Ed. Fin. Au. Rev.        
1,640 Ser. 2011-J, 5.00%, due 7/1/23     1,742  
2,305 Ser. 2012-J, 4.70%, due 7/1/26     2,405  
3,410 Ser. 2013-K, 4.50%, due 7/1/24     3,594  
1,995 Massachusetts St. HFA Hsg. Rev., Ser. 2010-C, 4.90%, due 12/1/25     2,070  
795 Massachusetts St. Wtr. Poll. Abatement Trust Rev. (MWRA Prog.), Ser. 2002-A, 5.25%, due 8/1/19     797  
          11,845  
 
Michigan 1.9%        
    Jackson College Dormitories Hsg. Rev.        
1,000 Ser. 2015, 6.50%, due 5/1/35     1,038  
500 Ser. 2015, 6.75%, due 5/1/46     521  
    Michigan St. Hsg. Dev. Au. Rev.        
1,935 Ser. 2016-C, 2.05%, due 12/1/22     1,879  
1,835 Ser. 2016-C, 2.15%, due 6/1/23     1,779  
100 Summit Academy Pub. Sch. Academy Ref. Rev., Ser. 2005, 6.38%, due 11/1/35     100  
          5,317  

See Notes to Financial Statements 16  



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

PRINCIPAL AMOUNT VALUE
    
(000’s omitted) (000’s omitted)
  
Minnesota 0.8%      
$ 2,250       Minneapolis & St. Paul Hsg. & Redev. Au. Hlth. Care Sys. (Children’s Hlth. Care Facs.), $ 2,346
Ser. 2010-A1, (AGM Insured), 4.50%, due 8/15/24
  
Mississippi 0.9%
2,585 Mississippi Bus. Fin. Corp. Gulf Opportunity Zone Rev., Ser. 2009-A, 4.70%, due 5/1/24 2,652
  
Missouri 1.0%
400 Missouri St. Hlth. & Ed. Fac. Au. Rev. (St. Louis Univ.), Ser. 2008-B-1, (LOC: Barclays Bank PLC), 400 (a) 
1.48%, due 10/1/35
Missouri St. Hlth. & Ed. Facs. Au. Rev. (Children’s Mercy Hosp.)
1,885        Ser. 2009, 5.13%, due 5/15/24 Pre-Refunded 5/15/19 1,947
390        Ser. 2009, 5.13%, due 5/15/24 402
2,749
  
Nevada 2.1%
Director of the St. of Nevada Dept. of Bus. & Ind. Rev. (Somerset Academy)
1,650        Ser. 2015-A, 4.00%, due 12/15/25 1,636 (b) 
500        Ser. 2015-A, 5.13%, due 12/15/45 506 (b) 
3,545 Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23 3,763
Pre-Refunded 6/15/19
5,905
   
New Hampshire 0.5%
1,500 New Hampshire St. Bus. Fin. Au. Solid Waste Disp. Rev. (Casella Waste Sys., Inc.), Ser. 2013, 1,496 (b) 
4.00%, due 4/1/29 Putable 10/1/19
               
New Jersey 5.0%
2,500 New Jersey Econ. Dev. Au. Rev. (Continental Airlines, Inc., Proj.), Ser. 1999, 5.13%, due 9/15/23 2,698
New Jersey Econ. Dev. Au. Rev. (The Goethals Bridge Replacement Proj.)
500        Ser. 2013, 5.25%, due 1/1/25 560
500        Ser. 2013, 5.50%, due 1/1/26 565
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group)
1,420        Ser. 2013, 3.50%, due 7/1/24 1,429
1,470        Ser. 2013, 3.63%, due 7/1/25 1,482
1,520        Ser. 2013, 3.75%, due 7/1/26 1,535
765        Ser. 2013, 4.00%, due 7/1/27 779
180 New Jersey Econ. Dev. Au. Rev. Ref. (Sch. Facs. Construction), Ser. 2005-K, (AMBAC Insured), 192
5.25%, due 12/15/20
3,535 New Jersey Higher Ed. Assist. Au. Rev. (Std. Loan Rev.), Ser. 2012-1A, 4.38%, due 12/1/26 3,698
1,000 New Jersey Trans. Trust Fund Au. (Federal Hwy. Reimbursement Notes), Ser. 2016-A-2, 5.00%, 1,004
due 6/15/21
13,942
  
New Mexico 0.5%
Winrock Town Ctr. Tax Increment Dev. Dist. Number 1 Tax Allocation Sr. Lien Rev.
(Gross Receipts Tax Increment Bond)
500        Ser. 2015, 5.25%, due 5/1/25 492 (b)(c) 
1,000        Ser. 2015, 5.75%, due 5/1/30 1,009 (b)(c) 
1,501

See Notes to Financial Statements

17




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

PRINCIPAL AMOUNT VALUE
 
(000’s omitted)       (000’s omitted)
  
New York 12.7%
$ 225       Buffalo & Erie Co. Ind. Land Dev. Corp. Rev. Ref. (Charter Sch. for Applied Technologies Proj.), $ 238
Ser. 2017-A, 5.00%, due 6/1/35
625 Buffalo & Erie Co. Ind. Land Dev. Corp. Rev. Ref. (Orchard Park), Ser. 2015, 5.00%, due 11/15/29 673
Build NYC Res. Corp. Rev.
1,100        Ser. 2014, 5.00%, due 11/1/24 1,142
835        Ser. 2014, 5.25%, due 11/1/29 869
250 Build NYC Res. Corp. Rev. (Met Lighthouse Charter Sch. Proj.), Ser. 2017-A, 5.00%, due 6/1/47 258 (b) 
Build NYC Res. Corp. Rev. (South Bronx Charter Sch. for Int’l Cultures and the Arts)
500        Ser. 2013-A, 3.88%, due 4/15/23 501
1,450        Ser. 2013-A, 5.00%, due 4/15/43 1,469
1,000 Build NYC Res. Corp. Solid Waste Disp. Ref. Rev. (Pratt Paper, Inc. Proj.), Ser. 2014, 4.50%, 1,077 (b) 
due 1/1/25
Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.)
700        Ser. 2014, 5.00%, due 7/1/23 773
735        Ser. 2014, 5.00%, due 7/1/24 821
1,400 Jefferson Co. IDA Solid Waste Disp. Rev. (Green Bond), Ser. 2014, 5.25%, due 1/1/24 1,274 (b) 
1,000 MTA Hudson Rail Yards Trust Oblig. Rev., Ser. 2016-A, 5.00%, due 11/15/46 1,033
500 New York Liberty Dev. Corp. Ref. Rev. (3 World Trade Ctr. Proj.), Ser. 2014-2, 5.38%, 540 (b) 
due 11/15/40
4,000 New York St. Dorm. Au. Rev. Non St. Supported Debt (Mount Sinai Sch. of Medicine), Ser. 2009, 4,156
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%, 3,576
due 7/1/28
2,000 New York St. HFA Rev. (Affordable Hsg.), Ser. 2009-B, 4.85%, due 11/1/41 2,014
2,000 New York St. Mtge. Agcy. Homeowner Mtge. Ref. Rev., Ser. 2014-189, 3.45%, due 4/1/27 2,009
2,000 New York St. Trans. Dev. Corp. Spec. Fac. Rev. (Delta Airlines, Inc.-LaGuardia Arpt. Term. C&D 2,225 (k) 
Redev.), Ser. 2018, 5.00%, due 1/1/33
2,000 New York St. Urban Dev. Corp. Rev., Ser. 2008-D, 5.25%, due 1/1/20 2,045
710 Newburgh G.O., Ser. 2012-A, 5.00%, due 6/15/20 746
Newburgh G.O. (Deficit Liquidation)
495        Ser. 2012-B, 5.00%, due 6/15/20 520
520        Ser. 2012-B, 5.00%, due 6/15/21 556
550        Ser. 2012-B, 5.00%, due 6/15/22 597
1,435 Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.), Ser. 2012-A, 5.00%, due 5/1/23 1,566
1,000 Niagara Area Dev. Corp. Solid Waste Disp. Fac. Rev. (Covanta Energy Proj.), Ser. 2012-B, 1,000 (b) 
4.00%, due 11/1/24
1,155 Suffolk Co. Judicial Facs. Agcy. Lease Rev. (H. Lee Dennison Bldg.), Ser. 2013, 4.25%, due 11/1/26 1,216
2,000 Utility Debt Securitization Au. Rev., Ser. 2013-TE, 5.00%, due 12/15/28 2,271
600 Westchester Co. Local Dev. Corp. Rev. Ref. (Wartburg Sr. Hsg. Proj.), Ser. 2015-A, 5.00%, 595 (b) 
due 6/1/30
35,760
               
North Carolina 3.6%
1,605 North Carolina Med. Care Commission Hlth. Care Facs. Rev. (Lutheran Svc. For Aging, Inc.), 1,663
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 2,118
North Carolina Muni. Pwr. Agcy. Number 1 Catawba Elec. Ref. Rev.
3,740        Ser. 2009-A, 5.00%, due 1/1/26 Pre-Refunded 1/1/19 3,818
1,510        Ser. 2009-A, 5.00%, due 1/1/26 1,538
1,000 Oak Island Enterprise Sys. Rev., Ser. 2009, (Assured Guaranty Insured), 5.63%, due 6/1/24 1,040
Pre-Refunded 6/1/19
  10,177

See Notes to Financial Statements

18




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

PRINCIPAL AMOUNT VALUE
  
(000’s omitted) (000’s omitted)
  
Ohio 3.9%      
$ 8,875       Buckeye Tobacco Settlement Fin. Au. Asset-Backed Sr. Rev. (Turbo), Ser. 2007-A-2, 5.88%, $ 8,819
due 6/1/47
2,060 Cleveland Arpt. Sys. Rev. Ref., Ser. 2012-A, 5.00%, due 1/1/27 2,210
11,029
 
Oklahoma 1.0%
2,000 Oklahoma St. Dev. Fin. Au. Hlth. Sys. Rev. (OU Medicine Proj.), Ser. 2018-B, 5.00%, due 8/15/33 2,206
Tulsa Arpt. Imp. Trust Ref. Rev.
250        Ser. 2015-A, (BAM Insured), 5.00%, due 6/1/24 277
400        Ser. 2015-A, (BAM Insured), 5.00%, due 6/1/25 442
2,925
  
Oregon 0.1%
240 Oregon St. Hsg. & Comm. Svc. Dept. Multi-Family Rev., Ser. 2012-B, (FHA Insured), 241
3.50%, due 7/1/27
  
Pennsylvania 5.9%
Indiana Co. Ind. Dev. Au. Rev. (Std. Cooperative Assoc., Inc.)
500        Ser. 2012, 3.50%, due 5/1/25 514
350        Ser. 2012, 3.60%, due 5/1/26 360
2,830 Lancaster Co. Hosp. Au. Ref. Rev. (Hlth. Centre-Landis Homes Retirement Comm. Proj.), 2,934
Ser. 2015-A, 4.25%, due 7/1/30
1,250 Lancaster Ind. Dev. Au. Rev. (Garden Spot Village Proj.), Ser. 2013, 5.38%, due 5/1/28 1,369
3,430 Norristown Area Sch. Dist. Cert. of Participation (Installment Purchase), Ser. 2012, 3,580
4.50%, due 4/1/27
2,625 Pennsylvania Econ. Dev. Fin. Au. Exempt Facs. Rev. Ref. (Amtrak Proj.), Ser. 2012-A, 2,858
5.00%, due 11/1/24
1,600 Pennsylvania Econ. Dev. Fin. Au. Rev. Ref. (Tapestry Moon Sr. Hsg. Proj.), Ser. 2018-A, 1,607 (b) 
6.75%, due 12/1/53
Pennsylvania St. Turnpike Commission Rev.
150        Subser. 2010-B2, 6.00%, due 12/1/34 Pre-Refunded 12/1/20 165
705        Subser. 2010-B2, 6.00%, due 12/1/34 Pre-Refunded 12/1/20 775
145        Subser. 2010-B2, 6.00%, due 12/1/34 Pre-Refunded 12/1/20 160
2,000 Susquehanna Area Reg. Arpt. Au. Sys. Rev., Ser. 2012-A, 5.00%, due 1/1/27 2,151
16,473
 
South Carolina 0.8%
1,500 South Carolina Jobs Econ. Dev. Au. Econ. Dev. Rev. (River Park Sr. Living Proj.), Ser. 2017-A, 1,481
7.75%, due 10/1/57
750 South Carolina Jobs Econ. Dev. Au. Solid Waste Disp. Rev. (Repower South Berkeley LLC Proj.), 769 (b) 
Ser. 2017, 6.25%, due 2/1/45
2,250
 
Tennessee 2.0%
535 Bristol IDB Sales Tax Rev., Ser. 2016-B, 0.00%, due 12/1/22 424 (b) 
2,705 Memphis-Shelby Co. Arpt. Au. Arpt. Rev., Ser. 2010-B, 5.50%, due 7/1/19 2,813
2,000 Tennessee St. Energy Acquisition Corp. Gas Rev. (Goldman Sachs Group, Inc.), Ser. 2006-A, 2,236
5.25%, due 9/1/23
5,473

See Notes to Financial Statements

19




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

PRINCIPAL AMOUNT VALUE
   
(000’s omitted) (000’s omitted)
      
Texas 6.3%      
$ 250       Anson Ed. Facs. Corp. Ed. Rev. (Arlington Classics Academy), Ser. 2016-A, 5.00%, due 8/15/45 $ 259
Arlington Higher Ed. Fin. Corp. Rev. (Universal Academy)
500        Ser. 2014-A, 5.88%, due 3/1/24 499
1,000        Ser. 2014-A, 6.63%, due 3/1/29 1,005
770 Clifton Higher Ed. Fin. Corp. Rev. (Uplift Ed.), Ser. 2013-A, 3.10%, due 12/1/22 776
250 Dallas Co. Flood Ctrl. Dist. Ref. G.O., Ser. 2015, 5.00%, due 4/1/28 262 (b) 
2,000 Fort Bend Co. Ind. Dev. Corp. Rev. (NRG Energy, Inc.), Ser. 2012-B, 4.75%, due 11/1/42 2,029
500 Gulf Coast Ind. Dev. Au. Rev. (CITGO Petroleum Proj.), Ser. 1995, 4.88%, due 5/1/25 512
1,000 Harris Co. Cultural Ed. Facs. Fin. Corp. Rev. (Brazos Presbyterian Homes, Inc. Proj.), Ser. 2013-B, 1,099
5.75%, due 1/1/28
2,900 Harris Co. Toll Road Sr. Lien Rev., Ser. 2008-B, 5.00%, due 8/15/33 Pre-Refunded 8/15/18 2,926
Houston Higher Ed. Fin. Corp. Rev. (Cosmos Foundation)
320        Ser. 2012-A, 4.00%, due 2/15/22 327
1,000        Ser. 2012-A, 5.00%, due 2/15/32 1,058
500 New Hope Cultural Ed. Facs. Fin. Corp. Retirement Fac. Ref. Rev. (Carillon Life Care Comm. Proj.), 511
Ser. 2016, 5.00%, due 7/1/36
500 New Hope Cultural Ed. Facs. Fin. Corp. Sr. Living Rev. (Cardinal Bay, Inc. Village On The Park 528
Carriage), Ser. 2016-C, 5.75%, due 7/1/51
North Texas Tollway Au. Dallas North Tollway Sys. Rev.
2,435        Ser. 2005-C, 6.00%, due 1/1/23 Pre-Refunded 1/1/19 2,501
565        Ser. 2005-C, 6.00%, due 1/1/23 580
1,500 Texas Pub. Fin. Au. Rev. (So. Univ. Fin. Sys.), Ser. 2013, (BAM Insured), 5.00%, due 11/1/21 1,638
1,175 West Harris Co. Reg. Wtr. Au. Sys. Wtr. Rev., Ser. 2009, 5.00%, due 12/15/35 1,220
17,730
    
Utah 3.1%
Salt Lake City Arpt. Rev.
1,000        Ser. 2017-A, 5.00%, due 7/1/42 1,115
2,000        Ser. 2017-A, 5.00%, due 7/1/47 2,214
3,000 Salt Lake Co. Hosp. Rev. (IHC Hlth. Svc., Inc.), Ser. 2001, (AMBAC Insured), 5.40%, due 2/15/28 3,394
1,200 Uintah Co. Muni. Bldg. Au. Lease Rev., Ser. 2008, 5.25%, due 6/1/20 Pre-Refunded 6/1/18 1,203
500 Utah Charter Sch. Fin. Au. Rev. (Spectrum Academy Proj.), Ser. 2015, 6.00%, due 4/15/45 518 (b) 
Utah Hsg. Corp. Single Family Mtge. Rev.
100        Ser. 2011-A2, Class I, 5.00%, due 7/1/20 103
95        Ser. 2011-A2, Class I, 5.25%, due 7/1/21 99
125        Ser. 2011-A2, Class I, 5.45%, due 7/1/22 129
8,775
  
Vermont 3.0%
Vermont Std. Assist. Corp. Ed. Loan Rev.
1,600        Ser. 2012-A, 5.00%, due 6/15/21 1,711
395        Ser. 2013-A, 4.25%, due 6/15/24 411
940        Ser. 2013-A, 4.35%, due 6/15/25 979
1,400        Ser. 2013-A, 4.45%, due 6/15/26 1,457
455        Ser. 2013-A, 4.55%, due 6/15/27 474
1,800        Ser. 2014-A, 5.00%, due 6/15/24 1,981
1,390        Ser. 2015-A, 4.13%, due 6/15/27 1,387
8,400
  
Virginia 0.3%
850 Fairfax Co. Econ. Dev. Au. Residential Care Fac. Rev. (Vinson Hall LLC), Ser. 2013-A, 867
4.00%, due 12/1/22

See Notes to Financial Statements

20




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

PRINCIPAL AMOUNT VALUE
  
(000’s omitted) (000’s omitted)
  
Washington 3.9%      
$ 6,700       Vancouver Downtown Redev. Au. Rev. (Conference Ctr. Proj.), Ser. 2013, 4.00%, due 1/1/28 $ 6,834
1,250 Washington St. Econ. Dev. Fin. Au. Env. Facs. Rev. (Columbia Pulp I LLC Proj.), Ser. 2017-A, 1,461 (b) 
7.50%, due 1/1/32
2,525 Washington St. Higher Ed. Fac. Au. Ref. Rev. (Whitworth Univ. Proj.), Ser. 2009, 5.38%, 2,646
due 10/1/29 Pre-Refunded 10/1/19
10,941
  
West Virginia 0.4%
1,000 West Virginia Sch. Bldg. Au. Excess Lottery Rev., Ser. 2008, 5.00%, due 7/1/19 1,005
Pre-Refunded 7/1/18
   
Wisconsin 6.1%
870 Pub. Fin. Au. Ed. Rev. (Pine Lake Preparatory, Inc.), Ser. 2015, 4.95%, due 3/1/30 906 (b) 
200 Pub. Fin. Au. Ed. Rev. (Resh Triangle High Sch. Proj.), Ser. 2015-A, 5.38%, due 7/1/35 198 (b) 
3,000 Pub. Fin. Au. Hsg. Rev. (Dogwood Hsg., Inc. Southeast Portfolio Proj.), Ser. 2016-A, 2,728
4.25%, due 12/1/51
500 Pub. Fin. Au. Hsg. Rev. (SAP Utah Portfolio), Ser. 2016-A, 3.75%, due 7/1/36 456
250 Pub. Fin. Au. Multi-Family Hsg. Rev. (Estates Crystal Bay & Woodhaven Park Apts. Proj.), 243
Ser. 2016-A, 4.00%, due 12/1/36
1,790 Pub. Fin. Au. Rev. Ref. (Roseman Univ. Hlth. Sciences Proj.), Ser. 2015, 5.00%, due 4/1/25 1,882
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College)
1,100        Ser. 2010-A, 6.13%, due 6/1/35 Pre-Refunded 6/1/20 1,193
1,225        Ser. 2010-A, 6.13%, due 6/1/39 Pre-Refunded 6/1/20 1,328
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Marquette Univ.)
1,340        Ser. 2008-B3, 5.00%, due 10/1/30 Pre-Refunded 12/23/19 1,406
3,660        Ser. 2008-B3, 5.00%, due 10/1/30 3,803
3,000 Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Meriter Hosp., Inc.), Ser. 2009, 5.63%, due 12/1/29 3,066
Pre-Refunded 12/1/18
17,209
  
Total Investments 162.9% (Cost $428,612) 457,194
   
Other Assets Less Liabilities 1.0% 2,763
    
Liquidation Value of Variable Rate Municipal Term Preferred Shares (179,334 )
(net of unamortized deferred offering costs of approximately $66,000) (63.9)%
    
Net Assets Applicable to Common Stockholders 100.0% $ 280,623

(a)       

Variable rate demand obligation where the stated interest rate is not based on a published reference rate and spread. Rather, the interest rate generally resets daily or weekly and is determined by the remarketing agent. The rate shown represents the rate in effect at April 30, 2018.

  

(b)

Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from registration, may only be sold to qualified institutional investors or may have other restrictions on resale. At April 30, 2018, these securities amounted to approximately $50,231,000, which represents 17.9% of net assets applicable to common stockholders of the Fund. Securities denoted with (b) but without (c) have been deemed by the investment manager to be liquid.

  

  

(c)   

Illiquid security.

     

  

(d)   

Defaulted security.


See Notes to Financial Statements

21




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

(e)        

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

     

  

(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.

  

(h)

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

  

(i)

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

  

(j)

All or a portion of this security is segregated in connection with obligations for when-issued securities with a total value of approximately $3,072,000.

  

(k)

When-issued security. Total value of all such securities at April 30, 2018 amounted to approximately $2,225,000, which represents 0.8% of net assets applicable to common stockholders of the Fund.

  

The following is a summary, categorized by Level (see Note A of Notes to Financial Statements), of inputs used to value the Fund’s investments as of April 30, 2018:


Asset Valuation Inputs
(000’s omitted)       Level 1       Level 2       Level 3       Total
Investments:
Municipal Notes(a) $— $ 457,194 $— $ 457,194
Total Investments $— $ 457,194 $— $ 457,194

(a)        

The Schedule of Investments provides a categorization by state/territory for the portfolio.

As of the six months ended April 30, 2018, no securities were transferred from one level (as of October 31, 2017) to another.


See Notes to Financial Statements

22




 
Schedule of Investments New York Intermediate Municipal Fund Inc.
(Unaudited) April 30, 2018

 
PRINCIPAL AMOUNT       VALUE
 
(000’s omitted) (000’s omitted)
 
Municipal Notes 169.0%
 
American Samoa 0.7%
$ 500       American Samoa Econ. Dev. Au. Gen. Rev. Ref., Ser. 2015-A, 6.25%, due 9/1/29 $         481
California 6.4%
250 California St. Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev. (Aemerge Redpak Svcs. So. California LLC Proj.), 238 (a)(b) 
Ser. 2016, 7.00%, due 12/1/27
3,115 Corona-Norca Unified Sch. Dist. G.O. Cap. Appreciation (Election 2006), Ser. 2009-C, (AGM Insured), 2,640
0.00%, due 8/1/24
1,470 Pico Rivera Pub. Fin. Au. Lease Rev., Ser. 2009, 4.75%, due 9/1/25 Pre-Refunded 9/1/19 1,528
4,406
 
Georgia 0.7%
500 Greene Co. Dev. Au. Swr. Fac. Rev., Ser. 2015, 6.13%, due 1/1/25 486 (a)(b) 
 
Guam 3.3%
1,135 Guam Gov’t Hotel Occupancy Tax Rev., Ser. 2011-A, 5.50%, due 11/1/19 1,184
1,000 Guam Gov’t Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25 1,068
Pre-Refunded 7/1/20
2,252
 
Illinois 1.5%
1,000 Chicago G.O. Ref., Ser. 2003-B, 5.00%, due 1/1/23 1,052
 
Louisiana 0.8%
500 Louisiana St. Pub. Facs. Au. Rev. (Southwest Louisiana Charter Academy Foundation Proj.), Ser. 2013-A, 528
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 Pre-Refunded 6/15/19 1,061
 
New York 148.9%
Albany Cap. Res. Corp. Ref. Rev. (Albany College of Pharmacy & Hlth. Sciences)
380        Ser. 2014-A, 5.00%, due 12/1/27 425
375        Ser. 2014-A, 5.00%, due 12/1/28 418
270        Ser. 2014-A, 5.00%, due 12/1/29 301
500 Buffalo & Erie Co. Ind. Land Dev. Corp. Rev. (Tapestry Charter Sch. Proj.), Ser. 2017-A, 5.00%, due 8/1/47 519
1,325 Buffalo & Erie Co. Ind. Land Dev. Corp. Rev. Ref. (Charter Sch. for Applied Technologies Proj.), Ser. 2017-A, 1,402
5.00%, due 6/1/35
Buffalo & Erie Co. Ind. Land Dev. Corp. Rev. Ref. (Orchard Park)
500        Ser. 2015, 5.00%, due 11/15/27 542
500        Ser. 2015, 5.00%, due 11/15/28 541
Build NYC Res. Corp. Ref. Rev. (City Univ. - Queens College)
270        Ser. 2014-A, 5.00%, due 6/1/26 309
225        Ser. 2014-A, 5.00%, due 6/1/29 256
Build NYC Res. Corp. Ref. Rev. (Methodist Hosp. Proj.)
250        Ser. 2014, 5.00%, due 7/1/22 275
500        Ser. 2014, 5.00%, due 7/1/29 558
250 Build NYC Res. Corp. Ref. Rev. (New York Law Sch. Proj.), Ser. 2016, 4.00%, due 7/1/45 236

See Notes to Financial Statements 23



 
Schedule of Investments New York Intermediate Municipal Fund Inc.
(Unaudited) (cont’d)
 
PRINCIPAL AMOUNT VALUE
 
(000’s omitted) (000’s omitted)
 
      Build NYC Res. Corp. Ref. Rev. (Packer Collegiate Institute Proj.)      
$ 155        Ser. 2015, 5.00%, due 6/1/26 $            176
125        Ser. 2015, 5.00%, due 6/1/27 141
195        Ser. 2015, 5.00%, due 6/1/28 220
220        Ser. 2015, 5.00%, due 6/1/29 248
325        Ser. 2015, 5.00%, due 6/1/30 365
565 Build NYC Res. Corp. Rev., Ser. 2014, 5.00%, due 11/1/24 587
750 Build NYC Res. Corp. Rev. (Met Lighthouse Charter Sch. Proj.), Ser. 2017-A, 5.00%, due 6/1/47 774 (a) 
500 Build NYC Res. Corp. Rev. (South Bronx Charter Sch. Int’l Cultures), Ser. 2013-A, 3.88%, due 4/15/23 501
Build NYC Res. Corp. Solid Waste Disp. Ref. Rev. (Pratt Paper, Inc. Proj.)
105        Ser. 2014, 3.75%, due 1/1/20 107 (a) 
200        Ser. 2014, 4.50%, due 1/1/25 215 (a) 
Dutchess Co. Local Dev. Corp. Rev. (Culinary Institute of America Proj.)
200        Ser. 2016-A-1, 5.00%, due 7/1/41 218
275        Ser. 2016-A-1, 5.00%, due 7/1/46 297
1,000 Dutchess Co. Local Dev. Corp. Rev. (Marist College Proj.), Ser. 2012-A, 5.00%, due 7/1/21 1,089
1,050 Erie Co. IDA Sch. Fac. Rev. (Buffalo City Sch. Dist.), Ser. 2009-A, 5.25%, due 5/1/25 Pre-Refunded 5/1/19 1,085
1,270 Geneva Dev. Corp. Rev. (Hobart & William Smith College Proj.), Ser. 2012, 5.00%, due 9/1/21 1,387
1,500 Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2009, 5.75%, due 7/1/23 1,567
Pre-Refunded 7/1/19
580 Islip, G.O., Ser. 2012, 3.00%, due 8/1/25 594
1,500 Jefferson Co. Civic Fac. Dev. Corp. Rev. Ref. (Samaritan Med. Ctr. Obligated Group Proj.), 1,418
Ser. 2017-A, 4.00%, due 11/1/47
460 Jefferson Co. IDA Solid Waste Disp. Rev. (Green Bond), Ser. 2014, 4.75%, due 1/1/20 451 (a) 
300 Monroe Co. Ind. Dev. Corp. Rev. (Monroe Comm. College), Ser. 2014, (AGM Insured), 5.00%, due 1/15/29 333
Monroe Co. Ind. Dev. Corp. Rev. (Nazareth College of Rochester Proj.)
500        Ser. 2013-A, 5.00%, due 10/1/24 548
500        Ser. 2013-A, 5.00%, due 10/1/25 546
250        Ser. 2013-A, 4.00%, due 10/1/26 259
Monroe Co. Ind. Dev. Corp. Rev. (St. John Fisher College)
1,120        Ser. 2012-A, 5.00%, due 6/1/23 1,233
210        Ser. 2012-A, 5.00%, due 6/1/25 231
1,265 Montgomery Co. Cap. Res. Corp. Lease Ref. Rev. (HFM Boces Proj.), Ser. 2014, (MAC Insured), 5.00%, 1,453
due 9/1/27
500 MTA Hudson Rail Yards Trust Oblig. Rev., Ser. 2016-A, 5.00%, due 11/15/46 517
2,000 Nassau Co. G.O. (Gen. Imp. Bonds), Ser. 2013-B, 5.00%, due 4/1/28 Pre-Refunded 4/1/23 2,262
1,770 Nassau Co. IDA Rev. Ref. & Impt. (Cold Spring Harbor Laboratory), Ser. 1999, (LOC: TD Bank N.A.), 1,770 (c) 
1.36%, due 1/1/34
Nassau Co. Local Econ. Assist. Corp. Rev. (Catholic Hlth. Svcs. of Long Island Obligated Group Proj.)
500        Ser. 2014, 5.00%, due 7/1/23 554
1,000        Ser. 2014, 5.00%, due 7/1/27 1,107
4,175 Nassau Co. Tobacco Settlement Corp. Asset Backed, Ser. 2006-A-3, 5.13%, due 6/1/46 4,046
New York City G.O.
950        Ser. 2009-B, 5.00%, due 8/1/22 986
1,000        Ser. 2009-E, 5.00%, due 8/1/21 1,038
650 New York City Muni. Wtr. Fin. Au. Wtr. & Swr. Sys. Rev. (Second Gen. Fiscal 2008), Ser. 2007-BB-1, 650 (c) 
(LOC: Bank of Tokyo), 1.68%, due 6/15/36
400 New York City Muni. Wtr. Fin. Au. Wtr. & Swr. Sys. Rev. (Second Generation Rev. Bonds), (LOC: JP 400 (c) 
Morgan Chase), Ser. 2010-DD-2, 1.55%, due 6/15/43
500 New York Liberty Dev. Corp. Ref. Rev. (3 World Trade Ctr. Proj.), Ser. 2014, 5.38%, due 11/15/40 540 (a) 
2,000 New York Liberty Dev. Corp. Rev. (Goldman Sachs Headquarters), Ser. 2005, 5.25%, due 10/1/35 2,438 (d) 
1,815 New York St. Dorm. Au. Ref. Rev. Non St. Supported Debt (Pratt Institute), Ser. 2015-A, 3.00%, due 7/1/27 1,836
780 New York St. Dorm. Au. Rev. Non St. Supported Debt (Culinary Institute of America), 846
Ser. 2013, 4.63%, due 7/1/25
500 New York St. Dorm. Au. Rev. Non St. Supported Debt (Manhattan Marymount College), 514
Ser. 2009, 5.00%, due 7/1/24
900 New York St. Dorm. Au. Rev. Non St. Supported Debt (Montefiore Med. Ctr.), Ser. 2008, (FHA Insured), 902
5.00%, due 8/1/21

See Notes to Financial Statements 24



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

PRINCIPAL AMOUNT       VALUE
 
(000’s omitted) (000’s omitted)
 
$ 1,595       New York St. Dorm. Au. Rev. Non St. Supported Debt (Mount Sinai Sch. of Medicine), Ser. 2009, $         1,657
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), 2,137
Ser. 2011-A, 4.38%, due 5/1/26 Pre-Refunded 5/1/21
1,375 New York St. Dorm. Au. Rev. Non St. Supported Debt (Rochester Institute of Technology), Ser. 2012, 1,449
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, (National Public 2,076
Finance Guarantee Corp. Insured), 5.25%, due 7/1/19
600 New York St. Dorm. Au. Rev. Non St. Supported Debt (St. Joseph’s College), Ser. 2010, 5.25%, due 7/1/25 601
New York St. Dorm. Au. Rev. Non St. Supported Debt (Touro College & Univ. Sys. Obligated Group)
460        Ser. 2014-A, 4.00%, due 1/1/26 480
470        Ser. 2014-A, 4.00%, due 1/1/27 489
200        Ser. 2014-A, 4.00%, due 1/1/28 207
275        Ser. 2014-A, 4.13%, due 1/1/29 286
1,350 New York St. Dorm. Au. Rev. Non St. Supported Debt (Univ. Facs.), Ser. 2013-A, 5.00%, due 7/1/28 1,509
750 New York St. Dorm. Au. Rev. Non St. Supported Debt (Vaughn College of Aeronautics & Technology), 774 (a) 
Ser. 2016, 5.00%, due 12/1/26
New York St. Dorm. Au. Rev. Ref. Non St. Supported Debt (Orange Reg. Med. Ctr.)
400        Ser. 2017, 5.00%, due 12/1/35 434 (a) 
200        Ser. 2017, 5.00%, due 12/1/36 216 (a) 
400        Ser. 2017, 5.00%, due 12/1/37 432 (a) 
2,000 New York St. Dorm. Au. Rev. St. Personal Income Tax Rev., Ser. 2012-A, 5.00%, due 12/15/26 2,227
2,000 New York St. Env. Facs. Corp. (St. Clean Wtr. & Drinking), Ser. 2012-A, 4.00%, due 6/15/26 2,133
New York St. HFA Rev. (Affordable Hsg.)
1,615        Ser. 2009-B, 4.50%, due 11/1/29 1,639
960        Ser. 2012-F, (SONYMA Insured), 3.05%, due 11/1/27 962
400 New York St. Hsg. Fin. Agy. Rev. (625 W 57th Street), Ser. 2014-A, (LOC: Bank of New York), 1.75%, 400 (c) 
due 5/1/49
1,045 New York St. Mtge. Agcy. Homeowner Mtge. Ref. Rev., Ser. 2014-189, 3.45%, due 4/1/27 1,050
New York St. Muni. Bond Bank Agcy.
1,230        Subser. 2009-B1, 5.00%, due 12/15/23 1,289
1,295        Subser. 2009-B1, 5.00%, due 12/15/24 1,356
1,090 New York St. Thruway Au. Second Gen. Hwy. & Bridge Trust Fund Bonds, Ser. 2009-B, 5.00%, due 4/1/19 1,122
1,500 New York St. Trans. Dev. Corp. Spec. Fac. Ref. Rev. (American Airlines, Inc.-John F Kennedy Int’l Arpt. 1,569
Proj.), Ser. 2016, 5.00%, due 8/1/31
2,000 New York St. Trans. Dev. Corp. Spec. Fac. Rev. (Delta Airlines, Inc.-LaGuardia Arpt. Term. C&D Redev.), 2,225 (e) 
Ser. 2018, 5.00%, due 1/1/33
1,545 New York St. Trans. Dev. Corp. Spec. Fac. Rev. (LaGuardia Arpt. Term B Redev. Proj.), 1,519
Ser. 2016-A, 4.00%, due 7/1/41
1,250 New York St. Urban Dev. Corp. Ref. Rev., Ser. 2008-D, 5.25%, due 1/1/20 1,278
785 Newburgh, G.O., Ser. 2012-A, 5.00%, due 6/15/22 852
900 Niagara Area Dev. Corp. Rev. (Covanta Energy Proj.), Ser. 2012, 4.00%, due 11/1/24 900 (a) 
Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.)
640        Ser. 2012-A, 5.00%, due 5/1/25 696
300        Ser. 2012-A, 5.00%, due 5/1/26 326
1,100 Niagara Falls City Sch. Dist. Ref. Cert. Participation (High Sch. Fac.), 1,167
Ser. 2015, (AGM Insured), 4.00%, due 6/15/26
1,010 Onondaga Civic Dev. Corp. Ref. Rev., Ser. 2015, 5.00%, due 10/1/29 1,118
500 Onondaga Civic Dev. Corp. Rev. (St. Josephs Hosp. Hlth. Ctr. Proj.), Ser. 2014-A, 5.00%, due 7/1/25 518
Pre-Refunded 7/1/19
1,000 Onondaga Co. Trust Cultural Res. Rev. (Syracuse Univ. Proj.), Ser. 2010-B, 5.00%, due 12/1/19 1,049
1,500 Oyster Bay, G.O., Ser. 2014, (AGM Insured), 3.25%, due 8/1/21 1,530
500 Port Au. New York & New Jersey Cons. Bonds Rev. Ref. (Two Hundred -Third), Ser. 2017, 5.00%, due 548
4/15/57
1,410 St. Lawrence Co. IDA Civic Dev. Corp. Rev. (St. Lawrence Univ. Proj.), Ser. 2012, 5.00%, due 7/1/28 1,556
1,980 Suffolk Co. Judicial Facs. Agcy. Lease Rev. (H. Lee Dennison Bldg.), Ser. 2013, 5.00%, due 11/1/25 2,168
1,000 Syracuse IDA (Carousel Ctr. Proj.), Ser. 2016-A, 5.00%, due 1/1/31 1,084
190 Triborough Bridge & Tunnel Au. Oblig., Ser. 1998-A, (National Public Finance Guarantee Corp. Insured), 190
4.75%, due 1/1/24

See Notes to Financial Statements 25



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

PRINCIPAL AMOUNT VALUE
 
(000’s omitted)       (000’s omitted)
 
      Triborough Bridge & Tunnel Au. Rev.
$ 1,000        Subser. 2008-D, 5.00%, due 11/15/23 Pre-Refunded 11/15/18 $ 1,017
765        Subser. 2008-D, 5.00%, due 11/15/23 778
TSASC Inc. Rev. Ref.
580        Ser. 2017-A, 5.00%, due 6/1/28 661
3,000        Ser. 2017-A, 5.00%, due 6/1/41 3,230
1,405 United Nations Dev. Corp. Rev., Ser. 2009-A, 5.00%, due 7/1/22 1,458
3,000 Utility Debt Securitization Au. Rev., Ser. 2013-TE, 5.00%, due 12/15/28 3,406
1,000 Westchester Co. Local Dev. Corp. Ref. Rev. (Wartburg Sr. Hsg. Proj.), Ser. 2015-A, 5.00%, due 6/1/30 992 (a) 
Westchester Co. Local Dev. Corp. Ref. Rev. (Westchester Med. Ctr.)
825        Ser. 2016, 5.00%, due 11/1/30 904
1,000        Ser. 2016, 3.75%, due 11/1/37 935
1,350 Westchester Co. Local Dev. Corp. Rev. (Kendal on Hudson Proj.), Ser. 2013, 5.00%, due 1/1/28 1,444
102,274
 
Ohio 0.7%
500 Buckeye Tobacco Settlement Fin. Au. Asset-Backed Sr. Rev. (Turbo), Ser. 2007-A-2, 5.88%, due 6/1/47 497
 
Pennsylvania 3.2%
Pennsylvania St. Turnpike Commission Rev.
285        Ser. 2010-B2, 6.00%, due 12/1/34 Pre-Refunded 12/1/20 313