Neuberger Berman
Neuberger Berman California Intermediate Neuberger Berman Intermediate Municipal Neuberger Berman New York Intermediate
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Semi-Annual ReportApril 30, 2018 |
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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 | ||||
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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
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
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. |
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2 |
Returns based on the NAV of each Fund. |
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3 |
Returns based on the market price of shares of each Fund’s common stock on the NYSE American. |
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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
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.
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(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)
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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 | |||||