As filed with the Securities and Exchange Commission on September 28, 2016
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-21168
NEUBERGER BERMAN INTERMEDIATE MUNICIPAL FUND INC.
(Exact Name of Registrant as Specified in Charter)
c/o Neuberger Berman Investment Advisers LLC
605 Third Avenue, 2nd Floor
New York, New York 10158-0180
(Address of Principal Executive Offices – Zip Code)
Registrant's telephone number, including area code: (212) 476-8800
Robert Conti, Chief Executive Officer and President
Neuberger Berman Intermediate Municipal Fund Inc.
c/o Neuberger Berman Investment Advisers LLC
605 Third Avenue, 2nd Floor
New York, New York 10158-0180
Arthur C. Delibert, Esq.
K&L Gates LLP
1601 K Street, N.W.
Washington, D.C. 20006-1600
(Names and Addresses of Agents for Service)
Date of fiscal year end:  October 31
Date of reporting period:  July 31, 2016
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of their first and third fiscal quarters, pursuant to Rule 30b1-5 under the Investment Company Act of 1940 (“1940 Act”) (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments.
Schedule of Investments Intermediate Municipal Fund Inc.
 (Unaudited) 7/31/16


PRINCIPAL
AMOUNT
          
VALUE
 †
(000's omitted)
        
(000's omitted)
  
 
Municipal Notes (156.1%)
 
Alabama (1.0%)
 
$
1,900
  
Selma IDB Rev. (Int'l Paper Co. Proj.), Ser. 2011-A, 5.38%, due 12/1/35
$
2,184
(a)
   
800
  
Tender Option Bond Trust Receipts/Certs. Var. Sts. (Floaters), Ser. 2013-XL0024, (LOC: Barclays Bank PLC), 0.47%, due 10/5/20
  
800
(b)(c)
 
2,984
  
American Samoa (0.6%)
   
1,700
  
American Samoa Econ. Dev. Au. Gen. Rev. Ref., Ser. 2015-A, 6.25%, due 9/1/29
  
1,774
  
                
Arizona (6.0%)
   
5,000
  
Arizona Sch. Fac. Board Cert. of Participation, Ser. 2008, (Assured Guaranty Insured), 5.13%, due 9/1/21 Pre-Refunded 9/1/18
  
5,466
  
   
4,560
  
Mohave Co. Ind. Dev. Au. Correctional Fac. Contract Rev. (Mohave Prison LLC Expansion Proj.), Ser. 2008, 7.50%, due 5/1/19
  
4,759
(a)
   
2,250
  
Navajo Nation Ref. Rev., Ser. 2015-A, 5.00%, due 12/1/25
  
2,549
(b)
   
3,305
  
Phoenix Ind. Dev. Au. Ed. Rev. (Great Hearts Academies Proj.), Ser. 2014, 3.75%, due 7/1/24
  
3,415
(a)
   
400
  
Phoenix Ind. Dev. Au. Rev. (Deer Valley Veterans Assisted Living  Proj.), Ser. 2016-A, 5.13%, due 7/1/36
  
398
(a)
   
1,500
  
Phoenix Ind. Dev. Au. Solid Waste Disp. Rev. (Vieste Spec. LLC), Ser. 2013-A, 4.38%, due 4/1/28
  
495
(a)(d)(e)
   
400
  
Phoenix-Mesa Gateway Arpt. Au. Spec. Fac. Rev. (Mesa Proj.), Ser. 2012, 5.00%, due 7/1/24
  
465
  
   
1,140
  
Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2006, 5.05%, due 7/15/18
  
1,143
  
 
18,690
  
California (31.0%)
   
50
  
California HFA Rev. (Home Mtge.), Ser. 2007-E, 5.00%, due 2/1/42
  
50
  
   
1,755
  
California HFA Rev. (Home Mtge.), Ser. 2006-E, (FGIC Insured), 4.95%, due 8/1/26
  
1,755
  
   
2,250
  
California Hlth. Facs. Fin. Au. Rev. (Cedars-Sinai Med. Ctr.), Ser. 2009, 5.00%, due 8/15/39
  
2,518
(a)
   
1,000
  
California Hlth. Facs. Fin. Au. Rev. (Children's Hosp. Los Angeles), Ser. 2012-A, 5.00%, due 11/15/26
  
1,154
(a)
   
1,725
  
California Infrastructure & Econ. Dev. Bank St. Sch. Fund Rev. (King City Joint Union High Sch.), Ser. 2010, 5.13%, due 8/15/24
  
1,964
  
   
805
  
California Muni. Fin. Au. Charter Sch. Lease Rev. (Sycamore Academy Proj.), Ser. 2014, 5.00%, due 7/1/24
  
849
(a)(b)(e)
   
630
  
California Muni. Fin. Au. Charter Sch. Lease Rev. (Sycamore Academy Proj.), Ser. 2014, 5.13%, due 7/1/29
  
662
(a)(b)(e)
   
1,085
  
California Muni. Fin. Au. Charter Sch. Lease Rev. (Vista Charter Middle Sch. Proj.), Ser. 2014, 5.00%, due 7/1/24
  
1,131
(a)(e)
   
430
  
California Muni. Fin. Au. Charter Sch. Lease Rev. (Vista Charter Middle Sch. Proj.), Ser. 2014, 5.13%, due 7/1/29
  
445
(a)(e)
   
500
  
California Muni. Fin. Au. Charter Sch. Rev. (Palmdale Aerospace Academy Proj.), Ser. 2016, 4.00%, due 7/1/26
  
541
(a)(b)
   
570
  
California Muni. Fin. Au. Rev. (Baptist Univ.), Ser. 2015-A, 5.00%, due 11/1/30
  
632
(a)(b)
   
585
  
California Muni. Fin. Au. Rev. (Touro College & Univ. Sys. Obligated Group), Ser. 2014-A, 4.00%, due 1/1/26
  
627
(a)
   
1,300
  
California Sch. Fac. Fin. Au. Rev. (Alliance College - Ready Pub. Sch. Proj.), Ser. 2015-A, 5.00%, due 7/1/30
  
1,510
(a)(b)
   
1,685
  
California St. G.O., Ser. 2007, (XLCA Insured), 4.50%, due 8/1/27
  
1,718
  
   
500
  
California St. Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev. (Aemerage Redak Svcs. So. California LLC Proj.), Ser. 2016, 7.00%, due 12/1/27
  
510
(a)(b)(e)
   
5,000
  
California St. Poll. Ctrl. Fin. Au. Wtr. Furnishing Rev., Ser. 2012, 5.00%, due 7/1/27
  
5,784
(a)(b)
   
4,000
  
California St. Var. Purp. G.O., Ser. 2009, 5.63%, due 4/1/25
  
4,515
  
 
 
735
  
California Statewide CDA Rev. (California Baptist Univ. Proj.), Ser. 2007-A, 5.30%, due 11/1/18
 
778
(a)
   
1,000
  
California Statewide CDA Spec. Tax Rev. Ref. (Comm. Facs. Dist. Number 2007-01 Orinda Wilder Proj.), Ser. 2015, 4.25%, due 9/1/21
  
1,101
  
   
2,000
  
Emery Unified Sch. Dist. G.O. (Election 2010), Ser. 2011-A, 6.50%, due 8/1/33
  
2,491
  
   
855
  
Golden St. Tobacco Securitization Corp. Tobacco Settlement Asset-Backed Rev., Ser. 2007-A-1, 4.50%, due 6/1/27
  
870
  
   
2,000
  
Imperial Comm. College Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-A, (AGM Insured), 6.75%, due 8/1/40
  
2,741
  
   
1,950
  
Inglewood Pub. Fin. Au. Ref. Rev. (Lease), Ser. 2012, 5.00%, due 8/1/17
  
2,025
  
   
1,115
  
Inglewood Pub. Fin. Au. Ref. Rev. (Lease), Ser. 2012, 5.00%, due 8/1/18
  
1,197
  
   
590
  
La Verne Cert. of Participation Ref. (Brethren Hillcrest Homes), Ser. 2014, 5.00%, due 5/15/29
  
658
(a)
   
3,620
  
Norwalk-La Mirada Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 2005-B, (AGM Insured), 0.00%, due 8/1/24
  
3,058
  
   
5,750
  
Norwalk-La Mirada Unified Sch. Dist. G.O. Cap. Appreciation (Election 2002), Ser. 2009-E, (Assured Guaranty Insured), 0.00%, due 8/1/29
  
5,988
(f)
   
5,000
  
Redondo Beach Unified Sch. Dist. G.O., Ser. 2009, 0.00%, due 8/1/34
  
6,642
(g)
   
1,230
  
Rocklin Unified Sch. Dist. G.O. Cap. Appreciation, Ser. 1994-B, (National Public Finance Guarantee Corp. Insured), 0.00%, due 8/1/19
  
1,097
  
   
4,000
  
Sacramento City Fin. Au. Ref. Rev. (Master Lease Prog. Facs.), Ser. 2006-E, (AMBAC Insured), 5.25%, due 12/1/26
  
5,286
  
   
2,000
  
San Bernardino Comm. College Dist. G.O. Cap. Appreciation (Election), Ser. 2009-B, 0.00%, due 8/1/34
  
2,230
(h)
   
740
  
San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev. Proj.), Ser. 2003-B, 5.00%, due 9/1/17
  
742
  
   
2,000
  
San Francisco City & Co. Arpt. Commission Int'l Arpt. Ref. Rev., Ser. 2009-C2, 5.00%, due 5/1/25
  
2,233
  
   
6,000
  
San Mateo Foster City Sch. Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2010-A, 0.00%, due 8/1/32
  
6,012
(i)
   
1,540
  
Successor Agcy. to the Monrovia Redev. Agcy. Tax Allocation Rev. (Cent. Redev. Proj.), Ser. 2013, 5.00%, due 8/1/26
  
1,798
  
   
2,040
  
Sweetwater Union High Sch. Dist. Pub. Fin. Au. Rev., Ser. 2013, (BAM Insured), 5.00%, due 9/1/25
  
2,463
  
   
775
  
Vernon Elec. Sys. Rev., Ser. 2009-A, 5.13%, due 8/1/21 Pre-Refunded 8/1/19
  
840
  
   
1,790
  
Vernon Elec. Sys. Rev., Ser. 2009-A, 5.13%, due 8/1/21
  
1,957
  
   
9,070
  
Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C, 0.00%, due 8/1/37
  
11,162
(j)
   
5,095
  
Victor Valley Joint Union High Sch. Dist. G.O. Cap. Appreciation Bonds, Ser. 2009, (Assured Guaranty Insured), 0.00%, due 8/1/26
  
4,006
  
   
3,000
  
Wiseburn Sch. Dist. G.O. Cap. Appreciation (Election 2010), Ser. 2011-B, (AGM Insured), 0.00%, due 8/1/36
  
2,666
(k)
 
96,406
  
Colorado (3.7%)
   
565
  
Colorado Ed. & Cultural Facs. Au. Rev. (Charter Sch.- Atlas Preparatory Sch. Proj.), Ser. 2015, 4.50%, due 4/1/25
  
581
(a)(b)
   
1,000
  
Colorado Ed. & Cultural Facs. Au. Rev. (Charter Sch.- Atlas Preparatory Sch. Proj.), Ser. 2015, 5.13%, due 4/1/35
  
1,024
(a)(b)
   
465
  
Colorado Ed. & Cultural Facs. Au. Rev. Ref., Ser. 2014, 4.00%, due 11/1/24
  
485
(a)(e)
   
750
  
Colorado Ed. & Cultural Facs. Au. Rev. Ref., Ser. 2014, 4.50%, due 11/1/29
  
779
(a)(e)
   
5,000
  
Denver City & Co. Arpt. Sys. Rev., Ser. 2011-B, 5.00%, due 11/15/24
  
5,877
  
   
2,550
  
Plaza Metro. Dist. Number 1 Tax Allocation Rev., Ser. 2013, 4.00%, due 12/1/23
  
2,759
(b)
 
11,505
  
Connecticut (0.3%)
   
750
  
Hamden G.O., Ser. 2013, (AGM Insured), 3.13%, due 8/15/25
  
799
  
  
District of Columbia (3.0%)
 
 
1,615
  
Dist. of Columbia HFA Rev. (Capitol Hill Towers Proj.), Ser. 2011, (Fannie Mae Insured), 4.10%, due 12/1/26
 
1,768
(a)
   
1,010
  
Dist. of Columbia Hosp. Rev., Ser. 2010, (Assured Guaranty Insured), 0.64%, due 7/15/17
  
1,010
(b)(c)(l)
   
3,035
  
Dist. of Columbia Rev. (Friendship Pub. Charter Sch.), Ser. 2012, 3.55%, due 6/1/22
  
3,251
(a)
   
1,000
  
Metro. Washington Dist. of Columbia Arpt. Au. Sys. Rev., Ser. 2008-A, 5.50%, due 10/1/18
  
1,100
  
   
2,000
  
Metro. Washington Dist. of Columbia Arpt. Au. Sys. Rev., Ser. 2011-C, 5.00%, due 10/1/26
  
2,334
  
 
9,463
  
Florida (5.6%)
   
1,000
  
Cityplace Comm. Dev. Dist. Spec. Assessment Rev. Ref., Ser. 2012, 5.00%, due 5/1/26
  
1,187
  
   
1,075
  
Florida Dev. Fin. Corp. Ed. Facs. Rev. (Pepin Academies, Inc.), Ser. 2016-A, 5.00%, due 7/1/36
  
1,073
(a)
   
1,000
  
Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.), Ser. 2012-A, 5.50%, due 6/15/22
  
1,112
(a)
   
3,120
  
Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.), Ser. 2013-A, 6.75%, due 12/15/27
  
3,455
(a)
   
1,750
  
Florida Dev. Fin. Corp. Ed. Facs. Rev. (Renaissance Charter Sch., Inc.), Ser. 2014-A, 5.75%, due 6/15/29
  
1,931
(a)
   
500
  
Florida Dev. Fin. Corp. Sr. Living Rev. (Tuscan Isle Champions Gate Proj.), Ser. 2016-A, 6.00%, due 6/1/30
  
516
(a)(b)(e)
   
100
  
Greater Orlando Aviation Au. Arpt. Facs. Ref. Rev. (Jetblue Airways Corp. Proj.), Ser. 2013, 5.00%, due 11/15/36
  
106
(a)
   
1,000
  
Hillsborough Co. Ind. Dev. Au. IDR (Hlth. Facs.), Ser. 2008-B, 8.00%, due 8/15/32 Pre-Refunded 8/15/19
  
1,226
(a)
   
1,135
  
Lakeland Ed. Facs. Rev. Ref. (Florida So. College Proj.), Ser. 2012-A, 5.00%, due 9/1/27
  
1,315
(a)
   
2,000
  
Lee Co. Arpt. Ref. Rev., Ser. 2011-A, 5.63%, due 10/1/25
  
2,370
  
   
2,000
  
Martin Co. Ind. Dev. Au. Ref. Rev. (Indiantown Cogeneration Proj.), Ser. 2013, 4.20%, due 12/15/25
  
2,100
(a)
   
990
  
Village Comm. Dev. Dist. Number 11 Spec. Assessment Rev., Ser. 2014, 4.13%, due 5/1/29
  
1,035
  
 
17,426
  
Georgia (0.4%)
   
1,100
  
Greene Co. Dev. Au. Swr. Fac. Rev., Ser. 2015, 6.13%, due 1/1/25
  
1,146
(a)(b)(e)
  
Guam (1.6%)
   
1,220
  
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.75%, due 11/1/20
  
1,406
  
   
650
  
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.75%, due 11/1/21
  
756
  
   
2,630
  
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25
  
2,929
  
 
5,091
  
Hawaii (2.6%)
   
5,200
  
Hawaii St. Arpt. Sys. Ref. Rev., Ser. 2011, 4.13%, due 7/1/24
  
5,769
  
   
2,000
  
Hawaii St. Dept. of Budget & Fin. Spec. Purp. Rev. (Hawaii Elec. Co., Inc. -Subsidiary), Ser. 2009, 6.50%, due 7/1/39
  
2,275
(a)
 
8,044
  
Illinois (16.9%)
   
1,030
  
Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17
  
1,038
  
   
5,705
  
Berwyn G.O., Ser. 2013-A, 5.00%, due 12/1/27
  
6,630
(m)
   
250
  
Chicago G.O., Ser. 2002-2002B, 5.13%, due 1/1/27
  
259
  
   
2,000
  
Chicago G.O., Ser. 2002-B, 5.00%, due 1/1/25
  
2,079
  
 
 
2,000
  
Chicago G.O., Ser. 2009-C, 5.00%, due 1/1/27
 
2,029
  
   
1,000
  
Chicago Ref. G.O., Ser. 2005-D, 5.50%, due 1/1/40
  
1,033
  
   
700
  
Chicago Ref. G.O., Ser. 2014-A, 5.00%, due 1/1/27
  
717
  
   
1,350
  
Cook Co. Sch. Dist. Number 83 G.O. (Mannheim), Ser. 2013-C, 5.45%, due 12/1/30
  
1,541
  
   
1,960
  
Cook Co. Sch. Dist. Number 83 G.O. (Mannheim), Ser. 2013-C, 5.50%, due 12/1/31
  
2,240
  
   
1,970
  
Cook Co. Township High Sch. Dist. Number 225 Northfield Township, Ser. 2008, 5.00%, due 12/1/25
  
2,124
  
   
1,560
  
Illinois Fin. Au. Ref. Rev. (Presence Hlth. Network Obligated Group), Ser. 2016-C, 5.00%, due 2/15/31
  
1,801
(a)(n)
   
4,000
  
Illinois Fin. Au. Ref. Rev. (Roosevelt Univ. Proj.), Ser. 2009, 5.75%, due 4/1/24
  
4,358
(a)
   
3,340
  
Illinois Fin. Au. Rev. (Provena Hlth.), Ser. 2010-A, 6.25%, due 5/1/22
  
3,932
(a)
   
1,670
  
Illinois Metro. Pier & Exposition Au. Dedicated St. Tax Ref. Rev., Ser. 1998-A, (FGIC Insured), 5.50%, due 6/15/17
  
1,741
  
   
1,905
  
Illinois Sports Facs. Au. Cap. Appreciation Rev. (St. Tax Supported), Ser. 2001, (AMBAC Insured), 0.00%, due 6/15/26
  
1,430
  
   
3,900
  
Illinois St. G.O., Ser. 2012, 4.00%, due 8/1/25
  
4,026
  
   
1,000
  
Illinois St. G.O., Ser. 2013, 5.00%, due 7/1/23
  
1,134
  
   
1,720
  
Pingree Grove Village Rev. (Cambridge Lakes Learning Ctr. Proj.), Ser. 2011, 8.00%, due 6/1/26
  
1,918
(a)
   
945
  
So. Illinois Univ. Cert. of Participation (Cap. Imp. Proj.), Ser. 2014-A-1, (BAM Insured), 5.00%, due 2/15/27
  
1,113
  
   
1,375
  
So. Illinois Univ. Cert. of Participation (Cap. Imp. Proj.), Ser. 2014-A-1, (BAM Insured), 5.00%, due 2/15/28
  
1,611
  
   
715
  
So. Illinois Univ. Cert. of Participation (Cap. Imp. Proj.), Ser. 2014-A-1, (BAM Insured), 5.00%, due 2/15/29
  
832
  
   
2,725
  
Univ. of Illinois (Hlth. Svc. Facs. Sys.), Ser. 2013, 5.00%, due 10/1/27
  
3,236
(a)
   
2,875
  
Univ. of Illinois (Hlth. Svc. Facs. Sys.), Ser. 2013, 5.75%, due 10/1/28
  
3,543
(a)
   
1,850
  
Will Co. High Sch. Dist. Number 204 G.O. (Joliet Jr. College), Ser. 2011-A, 6.25%, due 1/1/31
  
2,225
  
 
52,590
  
Indiana (3.6%)
   
4,000
  
Indiana Bond Bank Rev. (Spec. Prog. Clark Mem. Hosp.), Ser. 2009-D, 5.50%, due 8/1/29 Pre-Refunded 2/1/19
  
4,481
(a)
   
500
  
Indiana Fin. Au. Midwestern Disaster Relief Rev. (Ohio Valley Elec. Corp. Proj.), Ser. 2012-A, 5.00%, due 6/1/32
  
540
(a)
   
500
  
Indiana Fin. Au. Rev. (I-69 Dev. Partners LLC), Ser. 2014, 5.25%, due 9/1/25
  
598
(a)
   
500
  
Indiana Fin. Au. Rev. (I-69 Dev. Partners LLC), Ser. 2014, 5.25%, due 9/1/26
  
593
(a)
   
3,055
  
Indiana Trans. Fin. Au. Hwy. Ref. Rev., Ser. 2004-B, (National Public Finance Guarantee Corp. Insured), 5.75%, due 12/1/21
  
3,788
  
   
950
  
Valparaiso Exempt Facs. Rev. (Pratt Paper LLC Proj.), Ser. 2013, 5.88%, due 1/1/24
  
1,140
(a)
 
11,140
  
Iowa (2.8%)
   
5,110
  
Iowa Fin. Au. Rev. (St. Revolving Fund Prog.), Ser. 2008, 5.50%, due 8/1/22 Pre-Refunded 8/1/18
  
5,607
  
   
2,145
  
Iowa Std. Loan Liquidity Corp. Rev., Ser. 2011-A-1, 5.00%, due 12/1/21
  
2,288
  
   
615
  
Iowa Std. Loan Liquidity Corp. Rev., Ser. 2011-A-1, 5.30%, due 12/1/23
  
660
  
 
8,555
  
Kentucky (0.9%)
   
2,585
  
Kentucky Econ. Dev. Fin. Au. Hlth. Care Ref. Rev. (Baptist Life Comm. Proj.), Ser. 2016-A, 5.50%, due 11/15/27
  
2,631
(a)
   
150
  
Ohio Co. PCR Ref. (Big Rivers Elec. Corp. Proj.), Ser. 2010-A, 6.00%, due 7/15/31
  
152
(a)
 
2,783
  
Louisiana (1.6%)
 
 
1,500
  
Louisiana Local Gov't Env. Fac. & Comm. (Westlake Chemical Corp.), Ser. 2010-A2, 6.50%, due 11/1/35
 
1,796
(a)
   
500
  
Louisiana Pub. Facs. Au. Rev. (Archdiocese of New Orleans Proj.), Ser. 2007, (Assured Guaranty Insured), 4.50%, due 7/1/37
  
505
(a)
   
775
  
Louisiana Pub. Facs. Au. Rev. (Southwest Louisiana Charter Academy Foundation Proj.), Ser. 2013-A, 7.63%, due 12/15/28
  
934
(a)
   
1,655
  
St. Charles Parish Gulf Zone Opportunity Rev. (Valero Energy Corp.), Ser. 2010, 4.00%, due 12/1/40 Putable 6/1/22
  
1,848
(a)(c)
 
5,083
  
Maine (0.8%)
   
2,400
  
Maine St. Fin. Au. Solid Waste Disp. Rev. (Casella Waste Sys., Inc.), Ser. 2005, 6.25%, due 1/1/25 Putable 2/1/17
  
2,450
(a)(b)(c)
 
Maryland (0.8%)
   
100
  
Howard Co. Retirement Comm. Rev. Ref. (Vantage House Fac.), Ser. 2007-A, 5.25%, due 4/1/33
  
100
(a)
   
2,375
  
Prince Georges Co. Hsg. Au. Multi-Family Rev. (Bristol Pines Apts. Proj.), Ser. 2005, (Fannie Mae Insured), 4.85%, due 12/15/38 Putable 12/15/23
  
2,424
(a)(c)
 
2,524
  
Massachusetts (5.5%)
   
200
  
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/24
  
234
(a)
   
415
  
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/25
  
484
(a)
   
200
  
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/26
  
232
(a)
   
190
  
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/27
  
219
(a)
   
150
  
Massachusetts St. Dev. Fin. Agcy. Rev. (Milford Reg. Med. Ctr.), Ser. 2014-F, 5.00%, due 7/15/28
  
173
(a)
   
2,260
  
Massachusetts St. Ed. Fin. Au. Rev., Ser. 2011-J, 5.00%, due 7/1/23
  
2,533
  
   
3,180
  
Massachusetts St. Ed. Fin. Au. Rev., Ser. 2012-J, 4.70%, due 7/1/26
  
3,422
  
   
3,825
  
Massachusetts St. Ed. Fin. Au. Rev., Ser. 2013-K, 4.50%, due 7/1/24
  
4,252
  
   
4,125
  
Massachusetts St. HFA Hsg. Rev., Ser. 2010-C, 4.90%, due 12/1/25
  
4,496
  
   
1,175
  
Massachusetts St. Wtr. Poll. Abatement Trust Rev. (MWRA Prog.), Ser. 2002-A, 5.25%, due 8/1/19
  
1,179
  
 
17,224
  
Michigan (1.6%)
   
1,000
  
Jackson College Dormitories Hsg. Rev., Ser. 2015, 6.50%, due 5/1/35
  
1,126
  
   
500
  
Jackson College Dormitories Hsg. Rev., Ser. 2015, 6.75%, due 5/1/46
  
560
  
   
550
  
Michigan St. Hsg. Dev. Au. Rev., Ser. 2008-A, (LOC: JP Morgan Chase), 0.62%, due 10/1/37
  
550
(c)
   
2,000
  
Summit Academy North Pub. Sch. Academy Ref. Rev., Ser. 2005, 5.25%, due 11/1/20
  
2,005
  
   
750
  
Summit Academy North Pub. Sch. Academy Ref. Rev., Ser. 2005, 5.50%, due 11/1/35
  
752
  
   
100
  
Summit Academy Pub. Sch. Academy Ref. Rev., Ser. 2005, 6.38%, due 11/1/35
  
100
  
 
5,093
  
Minnesota (2.3%)
   
2,000
  
Maple Grove Hlth. Care Sys. Rev. (Maple Grove Hosp. Corp.), Ser. 2007, 5.00%, due 5/1/17
  
2,057
(a)
   
2,250
  
Minneapolis & St. Paul Hsg. & Redev. Au. Hlth. Care Sys. (Children's Hlth. Care Facs.), Ser. 2010-A1, (AGM Insured), 4.50%, due 8/15/24
  
2,518
(a)
 
 
2,500
  
Rochester Hlth. Care Fac. Rev. (Mayo Clinic), Ser. 2008-B, (LOC: Northern Trust Co.), 0.40%, due 11/15/38
 
2,500
(a)(c)
 
7,075
  
Mississippi (1.2%)
   
3,320
  
Mississippi Bus. Fin. Corp. Gulf Opportunity Zone Rev., Ser. 2009-A, 4.70%, due 5/1/24
  
3,624
(a)
 
Missouri (1.0%)
   
660
  
Bridgeton Ind. Dev. Au. Ref. Rev. (Hilltop Comm. Imp. Dist. Proj.), Ser. 2015-A, 4.25%, due 5/1/35
  
678
  
   
2,275
  
Missouri St. Hlth. & Ed. Facs. Au. Rev. (Children's Mercy Hosp.), Ser. 2009, 5.13%, due 5/15/24
  
2,536
(a)
 
3,214
  
Nevada (2.7%)
   
1,900
  
Director of the St. of Nevada Dept. of Bus. & Ind. Rev. (Somerset Academy), Ser. 2015-A, 4.00%, due 12/15/25
  
1,967
(a)(b)
   
500
  
Director of the St. of Nevada Dept. of Bus. & Ind. Rev. (Somerset Academy), Ser. 2015-A, 5.13%, due 12/15/45
  
524
(a)(b)
   
1,635
  
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 6.50%, due 6/15/17
  
1,717
  
   
3,545
  
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23 Pre-Refunded 6/15/19
  
4,210
  
 
8,418
  
New Hampshire (0.5%)
   
1,500
  
New Hampshire St. Bus. Fin. Au. Solid Waste Disp. Rev. (Casella Waste Sys., Inc.), Ser. 2013, 4.00%, due 4/1/29 Putable 10/1/19
  
1,577
(a)(b)(c)
 
New Jersey (5.0%)
   
2,500
  
New Jersey Econ. Dev. Au. Rev. (Continental Airlines, Inc., Proj.), Ser. 1999, 5.13%, due 9/15/23
  
2,797
(a)
   
500
  
New Jersey Econ. Dev. Au. Rev. (The Goethals Bridge Replacement Proj.), Ser. 2013, 5.25%, due 1/1/25
  
595
(a)
   
500
  
New Jersey Econ. Dev. Au. Rev. (The Goethals Bridge Replacement Proj.), Ser. 2013, 5.50%, due 1/1/26
  
602
(a)
   
1,420
  
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 3.50%, due 7/1/24
  
1,483
(a)
   
1,470
  
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 3.63%, due 7/1/25
  
1,532
(a)
   
1,520
  
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 3.75%, due 7/1/26
  
1,581
(a)
   
765
  
New Jersey Econ. Dev. Au. Rev. (United Methodist Homes of New Jersey Obligated Group), Ser. 2013, 4.00%, due 7/1/27
  
804
(a)
   
180
  
New Jersey Econ. Dev. Au. Rev. Ref. (Sch. Facs. Construction), Ser. 2005-K, (AMBAC Insured), 5.25%, due 12/15/20
  
203
  
   
5,580
  
New Jersey Higher Ed. Assist. Au. Rev. (Std. Loan Rev.), Ser. 2012-1A, 4.38%, due 12/1/26
  
6,076
  
 
15,673
  
New Mexico (0.5%)
   
500
  
Winrock Town Ctr. Tax Increment Dev. Dist. Number 1 Tax Allocation Sr. Lien Rev. (Gross Receipts Tax Increment Bond), Ser. 2015, 5.25%, due 5/1/25
  
524
(b)(e)
   
1,000
  
Winrock Town Ctr. Tax Increment Dev. Dist. Number 1 Tax Allocation Sr. Lien Rev. (Gross Receipts Tax Increment Bond), Ser. 2015, 5.75%, due 5/1/30
  
1,063
(b)(e)
 
1,587
  
New York (11.7%)
   
625
  
Buffalo & Erie Co. Ind. Land Dev. Corp. Rev. Ref. (Orchard Park), Ser. 2015, 5.00%, due 11/15/29
  
730
(a)
   
1,100
  
Build NYC Res. Corp. Rev., Ser. 2014, 5.00%, due 11/1/24
  
1,260
(a)
   
835
  
Build NYC Res. Corp. Rev., Ser. 2014, 5.25%, due 11/1/29
  
955
(a)
 
 
500
  
Build NYC Res. Corp. Rev. (South Bronx Charter Sch. for Int'l Cultures and the Arts), Ser. 2013-A, 3.88%, due 4/15/23
 
518
(a)
   
1,450
  
Build NYC Res. Corp. Rev. (South Bronx Charter Sch. for Int'l Cultures and the Arts), Ser. 2013-A, 5.00%, due 4/15/43
  
1,513
(a)
   
1,000
  
Build NYC Res. Corp. Solid Waste Disp. Ref. Rev. (Pratt Paper, Inc. Proj.), Ser. 2014, 4.50%, due 1/1/25
  
1,137
(a)(b)
   
700
  
Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2014, 5.00%, due 7/1/23
  
839
(a)
   
735
  
Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2014, 5.00%, due 7/1/24
  
890
(a)
   
1,400
  
Jefferson Co. IDA Solid Waste Disp. Rev. (Green Bond), Ser. 2014, 5.25%, due 1/1/24
  
1,402
(a)(b)
   
1,000
  
New York City IDA Civic Fac. Rev. (Vaughn College Aeronautics & Technology), Ser. 2006-A, 5.00%, due 12/1/28
  
1,011
(a)
   
500
  
New York Liberty Dev. Corp. Ref. Rev. (3 World Trade Ctr. Proj.), Ser. 2014-2, 5.38%, due 11/15/40
  
588
(a)(b)
   
1,100
  
New York Liberty Dev. Corp. Rev. (Nat'l Sports Museum Proj.), Ser. 2006-A, 6.13%, due 2/15/19
  
0
(d)(e)(o)
   
4,000
  
New York St. Dorm. Au. Rev. Non St. Supported Debt (Mount Sinai Sch. of Medicine), Ser. 2009, 5.25%, due 7/1/33 Pre-Refunded 7/1/19
  
4,525
(a)
   
3,200
  
New York St. Dorm. Au. Rev. Non St. Supported Debt (Univ. Facs.), Ser. 2013-A, 5.00%, due 7/1/28
  
3,893
  
   
2,000
  
New York St. HFA Rev. (Affordable Hsg.), Ser. 2009-B, 4.85%, due 11/1/41
  
2,132
  
   
2,000
  
New York St. Mtge. Agcy. Homeowner Mtge. Ref. Rev., Ser. 2014-189, 3.45%, due 4/1/27
  
2,131
  
   
2,000
  
New York St. Urban Dev. Corp. Rev., Ser. 2008-D, 5.25%, due 1/1/20
  
2,224
  
   
710
  
Newburgh G.O., Ser. 2012-A, 5.00%, due 6/15/20
  
804
  
   
495
  
Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/20
  
561
  
   
520
  
Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/21
  
603
  
   
550
  
Newburgh G.O. (Deficit Liquidation), Ser. 2012-B, 5.00%, due 6/15/22
  
651
  
   
1,435
  
Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.), Ser. 2012-A, 5.00%, due 5/1/23
  
1,672
(a)
   
1,000
  
Niagara Area Dev. Corp. Solid Waste Disp. Fac. Rev. (Covanta Energy Proj.), Ser. 2012-B, 4.00%, due 11/1/24
  
1,025
(a)(b)
   
1,155
  
Suffolk Co. Judicial Facs. Agcy. Lease Rev. (H. Lee Dennison Bldg.), Ser. 2013, 4.25%, due 11/1/26
  
1,287
  
   
850
  
Tender Option Bond Trust Receipts/Certs. Var. Sts. (Floaters), Ser. 2008-XF0288, (LOC: JP Morgan Chase), 0.42%, due 7/1/30
  
850
(b)(c)
   
2,000
  
Utility Debt Securitization Au. Rev., Ser. 2013-TE, 5.00%, due 12/15/28
  
2,491
  
   
600
  
Westchester Co. Local Dev. Corp. Rev. Ref. (Wartburg Sr. Hsg. Proj.), Ser. 2015-A, 5.00%, due 6/1/30
  
628
(a)(b)
 
36,320
  
North Carolina (3.6%)
   
1,835
  
North Carolina Med. Care Commission Hlth. Care Facs. Rev. (Lutheran Svc. For Aging, Inc.), Ser. 2012-A, 4.25%, due 3/1/24
  
1,973
(a)
   
2,000
  
North Carolina Med. Care Commission Retirement Facs. Rev., Ser. 2013, 5.13%, due 7/1/23
  
2,326
(a)
   
3,740
  
North Carolina Muni. Pwr. Agcy. Number 1 Catawba Elec. Ref. Rev., Ser. 2009-A, 5.00%, due 1/1/26 Pre-Refunded 1/1/19
  
4,127
  
   
1,510
  
North Carolina Muni. Pwr. Agcy. Number 1 Catawba Elec. Ref. Rev., Ser. 2009-A, 5.00%, due 1/1/26
  
1,650
  
   
1,000
  
Oak Island Enterprise Sys. Rev., Ser. 2009, (Assured Guaranty Insured), 5.63%, due 6/1/24 Pre-Refunded 6/1/19
  
1,139
  
 
11,215
  
Ohio (1.4%)
   
2,060
  
Cleveland Arpt. Sys. Rev. Ref., Ser. 2012-A, 5.00%, due 1/1/27
  
2,396
  
 
 
1,000
  
Ohio St. Wtr. Dev. Au. Poll Ctrl. Facs. Rev. Ref. (First Energy Nuclear Generation Proj.), Ser. 2006-B, 4.00%, due 12/1/33 Putable 6/3/19
 
1,013
(a)(c)
   
1,000
  
Ohio St. Wtr. Dev. Au. Poll Ctrl. Facs. Rev. Ref. (First Energy Nuclear Generation Proj.), Ser. 2008-C, 3.95%, due 11/1/32 Putable 5/1/20
  
1,011
(a)(c)
 
4,420
  
Oklahoma (0.3%)
   
250
  
Tulsa Arpt. Imp. Trust Ref. Rev., Ser. 2015-A, (BAM Insured), 5.00%, due 6/1/24
  
298
  
   
400
  
Tulsa Arpt. Imp. Trust Ref. Rev., Ser. 2015-A, (BAM Insured), 5.00%, due 6/1/25
  
478
  
 
776
  
Oregon (0.2%)
   
480
  
Oregon St. Hsg. & Comm. Svc. Dept. Multi-Family Rev., Ser. 2012-B, (FHA Insured), 3.50%, due 7/1/27
  
507
  
 
Pennsylvania (8.3%)
   
3,000
  
Beaver Co. Ind. Dev. Au. Rev. Ref. (Firstenergy Generation LLC), Ser. 2006-A, 3.50%, due 4/1/41 Putable 6/1/20
  
2,984
(a)(c)
   
500
  
Indiana Co. Ind. Dev. Au. Rev. (Std. Cooperative Assoc., Inc.), Ser. 2012, 3.50%, due 5/1/25
  
524
(a)
   
350
  
Indiana Co. Ind. Dev. Au. Rev. (Std. Cooperative Assoc., Inc.), Ser. 2012, 3.60%, due 5/1/26
  
367
(a)
   
2,830
  
Lancaster Co. Hosp. Au. Ref. Rev. (Hlth. Centre-Landis Homes Retirement Comm. Proj.), Ser. 2015-A, 4.25%, due 7/1/30
  
3,072
(a)
   
2,000
  
Lancaster Co. Hosp. Au. Rev. (Brethren Village Proj.), Ser. 2008-A, 6.10%, due 7/1/22
  
2,064
(a)
   
1,250
  
Lancaster Ind. Dev. Au. Rev. (Garden Spot Village Proj.), Ser. 2013, 5.38%, due 5/1/28
  
1,448
(a)
   
1,105
  
Moon Ind. Dev. Au. Rev. Ref. (Baptist Homes Society Obligated Group), Ser. 2015, 5.63%, due 7/1/30
  
1,250
(a)
   
3,430
  
Norristown Area Sch. Dist. Cert. of Participation (Installment Purchase), Ser. 2012, 4.50%, due 4/1/27
  
3,707
  
   
2,625
  
Pennsylvania Econ. Dev. Fin. Au. Exempt Facs. Rev. Ref. (Amtrak Proj.), Ser. 2012-A, 5.00%, due 11/1/24
  
3,040
(a)
   
145
  
Pennsylvania St. Turnpike Commission Rev., Subser. 2010-B2, 6.00%, due 12/1/34 Pre-Refunded 12/1/20
  
177
  
   
855
  
Pennsylvania St. Turnpike Commission Rev., Subser. 2010-B2, 6.00%, due 12/1/34
  
1,022
  
   
3,785
  
Reading G.O., Ser. 2010-C, 5.63%, due 11/15/20
  
3,972
  
   
2,000
  
Susquehanna Area Reg. Arpt. Au. Sys. Rev., Ser. 2012-A, 5.00%, due 1/1/27
  
2,246
  
 
25,873
  
Puerto Rico (1.9%)
   
2,020
  
Puerto Rico Commonwealth Ref. G.O. (Pub. Imp.), Ser. 2001-A, (National Public Finance Guarantee Corp. Insured), 5.50%, due 7/1/20
  
2,166
  
   
3,600
  
Puerto Rico Ind. Tourist Ed. Med. & Env. Ctrl. Fac. Rev. (Bristol-Myers Squibb Proj.), Ser. 2000, 0.99%, due 12/1/30
  
3,600
(a)(c)
  
5,766
  
Rhode Island (0.2%)
   
615
  
Rhode Island St. Std. Loan Au. Std. Loan Rev. (Sr. Prog.), Ser. 2013-A, 3.75%, due 12/1/26
  
617
  
 
South Carolina (0.7%)
   
2,295
  
South Carolina Jobs Econ. Dev. Au. Econ. Dev. Rev. (Dorris Properties LLC Proj.), Ser. 2006, (LOC: TD Bank N.A.), 0.85%, due 7/1/32
  
2,295
(a)(c)
 
Tennessee (1.8%)
   
2,705
  
Memphis-Shelby Co. Arpt. Au. Arpt. Rev., Ser. 2010-B, 5.50%, due 7/1/19
  
3,035
  
   
2,000
  
Tennessee St. Energy Acquisition Corp. Gas Rev. (Goldman Sachs Group, Inc.), Ser. 2006-A, 5.25%, due 9/1/23
  
2,442
  
 
5,477
  
Texas (6.7%)
 
 
250
  
Anson Ed. Facs. Corp. Ed. Rev. (Arlington Classics Academy), Ser. 2016-A, 5.00%, due 8/15/45
 
257
(a)
   
500
  
Arlington Higher Ed. Fin. Corp. Rev. (Universal Academy), Ser. 2014-A, 5.88%, due 3/1/24
  
519
(a)
   
1,000
  
Arlington Higher Ed. Fin. Corp. Rev. (Universal Academy), Ser. 2014-A, 6.63%, due 3/1/29
  
1,061
(a)
   
1,050
  
Clifton Higher Ed. Fin. Corp. Rev. (Uplift Ed.), Ser. 2013-A, 3.10%, due 12/1/22
  
1,077
(a)
   
250
  
Dallas Co. Flood Ctrl. Dist. Ref. G.O., Ser. 2015, 5.00%, due 4/1/28
  
271
(b)
   
2,000
  
Fort Bend Co. Ind. Dev. Corp. Rev. (NRG Energy, Inc.), Ser. 2012-B, 4.75%, due 11/1/42
  
2,218
(a)
   
500
  
Gulf Coast Ind. Dev. Au. Rev. (CITGO Petroleum Proj.), Ser. 1995, 4.88%, due 5/1/25
  
534
(a)
   
1,000
  
Harris Co. Cultural Ed. Facs. Fin. Corp. Rev. (Brazos Presbyterian Homes, Inc. Proj.), Ser. 2013-B, 5.75%, due 1/1/28
  
1,149
(a)
   
2,900
  
Harris Co. Toll Road Sr. Lien Rev., Ser. 2008-B, 5.00%, due 8/15/33 Pre-Refunded 8/15/18
  
3,158
  
   
460
  
Houston Higher Ed. Fin. Corp. Rev. (Cosmos Foundation), Ser. 2012-A, 4.00%, due 2/15/22
  
492
(a)
   
1,000
  
Houston Higher Ed. Fin. Corp. Rev. (Cosmos Foundation), Ser. 2012-A, 5.00%, due 2/15/32
  
1,114
(a)
   
1,000
  
Houston Pub. Imp. Ref. G.O., Ser. 2008-A, 5.00%, due 3/1/20 Pre-Refunded 3/1/18
  
1,069
  
   
500
  
New Hope Cultural Ed. Facs. Fin. Corp. Retirement Fac. Ref. Rev. (Carillon Life Care Comm. Proj.), Ser. 2016, 5.00%, due 7/1/36
  
527
(a)
   
500
  
New Hope Cultural Ed. Facs. Fin. Corp. Sr. Living Rev. (Caridinal Bay, Inc.), Ser. 2016-C, 5.75%, due 7/1/51
  
540
(a)
   
3,000
  
North Texas Tollway Au. Dallas North Tollway Sys. Rev., Ser. 2005-C, 6.00%, due 1/1/23
  
3,356
  
   
500
  
San Leanna Ed. Fac. Corp. Higher Ed. Ref. Rev. (St. Edwards Univ. Proj.), Ser. 2007, 5.00%, due 6/1/19
  
517
(a)
   
1,500
  
Texas Pub. Fin. Au. Rev. (So. Univ. Fin. Sys.), Ser. 2013, (BAM Insured), 5.00%, due 11/1/21
  
1,718
  
   
1,175
  
West Harris Co. Reg. Wtr. Au. Sys. Wtr. Rev., Ser. 2009, 5.00%, due 12/15/35
  
1,316
  
 
20,893
  
Utah (2.0%)
   
3,000
  
Salt Lake Co. Hosp. Rev. (IHC Hlth. Svc., Inc.), Ser. 2001, (AMBAC Insured), 5.40%, due 2/15/28
  
3,658
(a)
   
1,200
  
Uintah Co. Muni. Bldg. Au. Lease Rev., Ser. 2008, 5.25%, due 6/1/20 Pre-Refunded 6/1/18
  
1,303
  
   
500
  
Utah Charter Sch. Fin. Au. Rev. (Spectrum Academy Proj.), Ser. 2015, 6.00%, due 4/15/45
  
529
(a)(b)
   
185
  
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.00%, due 7/1/20
  
191
  
   
170
  
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.25%, due 7/1/21
  
176
  
   
235
  
Utah Hsg. Corp. Single Family Mtge. Rev., Ser. 2011-A2, Class I, 5.45%, due 7/1/22
  
243
  
 
6,100
  
Vermont (3.1%)
   
1,600
  
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2012-A, 5.00%, due 6/15/21
  
1,799
  
   
445
  
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.25%, due 6/15/24
  
478
  
   
1,060
  
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.35%, due 6/15/25
  
1,139
  
   
1,575
  
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.45%, due 6/15/26
  
1,693
  
   
515
  
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2013-A, 4.55%, due 6/15/27
  
553
  
 
 
1,800
  
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2014-A, 5.00%, due 6/15/24
 
2,119
  
   
1,700
  
Vermont Std. Assist. Corp. Ed. Loan Rev., Ser. 2015-A, 4.13%, due 6/15/27
  
1,821
  
 
9,602
  
Virginia (0.3%)
   
1,000
  
Fairfax Co. Econ. Dev. Au. Residential Care Fac. Rev. (Vinson Hall LLC), Ser. 2013-A, 4.00%, due 12/1/22
  
1,037
(a)
 
Washington (3.8%)
   
1,600
  
Skagit Co. Pub. Hosp. Dist. Number 1 Ref. Rev., Ser. 2007, 5.63%, due 12/1/25
  
1,691
  
   
6,700
  
Vancouver Downtown Redev. Au. Rev. (Conference Ctr. Proj.), Ser. 2013, 4.00%, due 1/1/28
  
7,224
  
   
2,525
  
Washington St. Higher Ed. Fac. Au. Ref. Rev. (Whitworth Univ. Proj.), Ser. 2009, 5.38%, due 10/1/29
  
2,852
(a)
 
11,767
  
West Virginia (0.3%)
   
1,000
  
West Virginia Sch. Bldg. Au. Excess Lottery Rev., Ser. 2008, 5.00%, due 7/1/19 Pre-Refunded 7/1/18
  
1,083
  
 
Wisconsin (6.3%)
   
1,250
  
Pub. Fin. Au. Ed. Rev. (Estates Crystal Bay & Woodhaven Park Apts. Proj.), Ser. 2016-A, 4.00%, due 12/1/36
  
1,280
(a)
   
870
  
Pub. Fin. Au. Ed. Rev. (Pine Lake Preparatory, Inc.), Ser. 2015, 4.95%, due 3/1/30
  
932
(a)(b)
   
200
  
Pub. Fin. Au. Ed. Rev. (Resh Triangle High Sch. Proj.), Ser. 2015-A, 5.38%, due 7/1/35
  
209
(a)(b)
   
3,000
  
Pub. Fin. Au. Hsg. Rev. (Dogwood Hsg., Inc. Southeast Portfolio Proj.), Ser. 2016-A, 4.25%, due 12/1/51
  
3,020
(a)
   
500
  
Pub. Fin. Au. Hsg. Rev. (SAP Utah Portfolio), Ser. 2016-A, 3.75%, due 7/1/36
  
492
(a)
   
1,910
  
Pub. Fin. Au. Rev. Ref. (Roseman Univ. Hlth. Sciences Proj.), Ser. 2015, 5.00%, due 4/1/25
  
2,075
(a)
   
1,100
  
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College), Ser. 2010-A, 6.13%, due 6/1/35
  
1,249
(a)
   
1,225
  
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Beloit College), Ser. 2010-A, 6.13%, due 6/1/39
  
1,372
(a)
   
1,340
  
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Marquette Univ.), Ser. 2008-B3, 5.00%, due 10/1/30 Pre-Refunded 12/23/19
  
1,530
(a)
   
3,660
  
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Marquette Univ.), Ser. 2008-B3, 5.00%, due 10/1/30
  
4,114
(a)
   
3,000
  
Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Meriter Hosp., Inc.), Ser. 2009, 5.63%, due 12/1/29 Pre-Refunded 12/1/18
  
3,344
(a)
 
19,617
  
 
 
Total Municipal Notes (Cost $431,433)
    
485,303
  
 
Tax Exempt Preferred (0.6%)
 
Real Estate (0.6%)
   
1,700
  
Munimae TE Bond Subsidiary LLC, Unsecured Notes, 5.00%, due 4/30/28 (Cost  $1,700)
  
1,802
(b)(e)
 
Variable Rate Demand Preferred Shares (0.1%)
 
California (0.1%)
   
400
  
Nuveen California Dividend Advantage Muni. Fund, Ser. 2014-6, (LOC: Citibank, N.A.), 0.55%, due 8/1/40 (Cost  $400)
  
400
(b)(c)
       
 
Total Investments (156.8%) (Cost $433,533)
487,505
##
       
 
Other Assets Less Liabilities (0.9%)
2,747
  
       
 
Liquidation Value of Variable Rate Municipal Term Preferred Shares [(57.7%)]
(179,400)
  
       
 
Net Assets Applicable to Common Stockholders (100.0%)
$310,852
  
 
(a)
Security is guaranteed by the corporate or non-profit obligor.
(b)
Securities were purchased under Rule 144A of the Securities Act of 1933, as amended (the “1933 Act”), or are otherwise restricted and, unless registered under the 1933 Act or exempted from registration, may only be sold to qualified institutional investors or may have other restrictions on resale. At 7/31/2016, these securities amounted to approximately $38,751,000 or 12.5% of net assets applicable to common stockholders for the Fund.  Securities denoted with (b) but without (e) have been deemed by the investment manager to be liquid.
(c)
Variable or floating rate security. The interest rate shown was the current rate as of 7/31/2016 and changes periodically.
(d)
Defaulted security.
  
(e)
Illiquid security.
  
(f)
Currently a zero coupon security; will convert to 5.50% on August 1, 2021.
(g)
Currently a zero coupon security; will convert to 6.38% on August 1, 2016.
(h)
Currently a zero coupon security; will convert to 6.38% on August 1, 2019.
(i)
Currently a zero coupon security; will convert to 6.13% on August 1, 2023.
(j)
Currently a zero coupon security; will convert to 6.88% on August 1, 2019.
(k)
Currently a zero coupon security; will convert to 7.30% on August 1, 2026.
(l)
Security is subject to a guarantee provided by Citibank N.A., backing 100% of the total principal.
(m)
All or a portion of this security is segregated in connection with obligations for when-issued security purchase commitments.
(n)
All or a portion of this security was purchased on a when-issued basis. At July 31, 2016, these securities amounted to approximately $1,801,000 or 0.6% of net assets applicable to common stockholders.
(o)
Amount less than one thousand.
 
 
See Notes to Schedule of Investments
 
Schedule of Investments Intermediate Municipal Fund Inc.
(Unaudited)(cont’d)

The following is a summary, categorized by Level (see Notes to Schedule of Investments), of inputs used to value the Fund’s investments as of July 31, 2016:

Asset Valuation Inputs
(000’s omitted)
 
Level 1
 
Level 2
 
Level 3
 
Total
  
Investments:
          
Municipal Notes(a)
$—
$485,303
$—
$485,303
  
Tax Exempt Preferred
—
1,802
—
1,802
  
Variable Rate Demand Preferred Shares(a)
—
400
—
400
  
Total Investments
$—
$487,505
$—
$487,505
  

(a)    The Schedule of Investments provides a categorization by state for the portfolio.

As of the period ended July 31, 2016, no securities were transferred from one level (as of October 31, 2015) to another.

 
July 31, 2016

 Notes to Schedule of Investments (Unaudited)

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

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

• Level 1 – quoted prices in active markets for identical investments
• Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)
• Level 3 – unobservable inputs (including a Fund’s own assumptions in determining the fair value of investments)

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

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

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

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

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


## At July 31, 2016, selected fund information on a U.S. federal income tax basis was as follows:

 
 
(000’s omitted)
 
 
Cost     
 
Gross Unrealized
Appreciation 
 
Gross Unrealized
Depreciation 
Net Unrealized
Appreciation
(Depreciation) 
California
$132,204
  
$13,907
  
$105
  
$13,802
  
Intermediate
433,555
  
56,176
  
2,226
  
53,950
  
New York
115,451
  
9,872
  
2,131
  
7,741
  
 
For information on the Funds’ significant accounting policies, please refer to the Funds’ most recent stockholder reports.

Item 2. Controls and Procedures.
(a) Based on an evaluation of the disclosure controls and procedures (as defined in Rule 30a-3(c) under the 1940 Act), as of a date within 90 days of the filing date of this report, the Chief Executive Officer and President and the Treasurer and Principal Financial and Accounting Officer of the Registrant have concluded that such disclosure controls and procedures are effectively designed to ensure that information required to be disclosed by the Registrant on Form N-Q is accumulated and communicated to the Registrant’s management to allow timely decisions regarding required disclosure.
 (b) There were no significant changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
Item 3. Exhibits.
The certifications required by Rule 30a-2(a) of the 1940 Act are filed herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Neuberger Berman Intermediate Municipal Fund Inc.
 
 
By:
 
/s/ Robert Conti
  
 
 
Robert Conti
  
 
 
Chief Executive Officer and President
  
 
Date:  September 28, 2016
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
 
 
By:
 
/s/ Robert Conti
  
 
 
Robert Conti
  
 
 
Chief Executive Officer and President
  
 
Date:  September 28, 2016
 
 
By:
 
/s/ John M. McGovern
  
 
 
John M. McGovern
  
 
 
Treasurer and Principal Financial
and Accounting Officer
  
 
Date:  September 28, 2016