UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 
Investment Company Act file number 811-21211
 
Nuveen New York AMT-Free Municipal Income Fund
(Exact name of registrant as specified in charter)
 
Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         
(Address of principal executive offices) (Zip code)
 

Kevin J. McCarthy
Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         
(Name and address of agent for service)
 
Registrant's telephone number, including area code:         312-917-7700        
 
Date of fiscal year end:            9/30          
 
Date of reporting period:         6/30/16         
 
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 the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (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, 450 Fifth Street, NW, 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
 

 
  
Portfolio of Investments 
 
 
 
 
 
  
Nuveen New York AMT-Free Municipal Income Fund (NRK) 
 
 
 
 
  
June 30, 2016 (Unaudited) 
 
 
 
 
 
Principal 
  
 
Optional Call 
 
 
Amount (000) 
  
Description (1) 
Provisions (2) 
Ratings (3) 
Value 
 
  
LONG-TERM INVESTMENTS – 156.3% (97.4% of Total Investments) 
 
 
 
 
 
  
MUNICIPAL BONDS – 156.3% (97.4% of Total Investments) 
 
 
 
 
 
  
Consumer Staples – 9.2% (5.8% of Total Investments) 
 
 
 
$ 8,000 
  
Erie County Tobacco Asset Securitization Corporation, New York, Tobacco Settlement 
9/16 at 100.00 
N/R 
$ 1,092,160 
 
  
Asset-Backed Bonds, 1st Subordinate Series 2005B, 0.000%, 6/01/47 
 
 
 
 
  
Erie County Tobacco Asset Securitization Corporation, New York, Tobacco Settlement 
 
 
 
 
  
Asset-Backed Bonds, Series 2005A: 
 
 
 
17,580 
  
5.000%, 6/01/38 
9/16 at 100.00 
BB 
17,649,265 
13,500 
  
5.000%, 6/01/45 
9/16 at 100.00 
BB– 
13,501,080 
10,000 
  
Erie County Tobacco Asset Securitization Corporation, New York, Tobacco Settlement 
9/16 at 100.00 
N/R 
958,300 
 
  
Asset-Backed Bonds, Series 2005C, 0.000%, 6/01/50 
 
 
 
1,310 
  
Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed 
9/16 at 100.00 
B– 
1,314,716 
 
  
Bonds, Refunding Series 2006A-2, 5.250%, 6/01/26 
 
 
 
26,865 
  
Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed 
9/16 at 100.00 
B– 
26,862,850 
 
  
Bonds, Series 2006A-3, 5.000%, 6/01/35 
 
 
 
 
  
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006: 
 
 
 
5,005 
  
5.000%, 6/01/34 
9/16 at 100.00 
B 
5,005,250 
58,315 
  
5.125%, 6/01/42 
9/16 at 100.00 
B– 
57,997,763 
140,575 
  
Total Consumer Staples 
 
 
124,381,384 
 
  
Education and Civic Organizations – 27.8% (17.3% of Total Investments) 
 
 
 
 
  
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue 
 
 
 
 
  
Bonds, Barclays Center Project, Series 2009: 
 
 
 
9,995 
  
0.000%, 7/15/45 
No Opt. Call 
BBB– 
2,880,559 
29,145 
  
0.000%, 7/15/47 
No Opt. Call 
BBB– 
7,710,018 
 
  
Build New York City Resource Corporation, New York, Revenue Bonds, Bronx Charter School for 
 
 
 
 
  
Excellence, Series 2013A: 
 
 
 
250 
  
5.000%, 4/01/33 
4/23 at 100.00 
BBB– 
269,090 
2,535 
  
5.500%, 4/01/43 
4/23 at 100.00 
BBB– 
2,781,453 
 
  
Build New York City Resource Corporation, New York, Revenue Bonds, Metropolitan College of 
 
 
 
 
  
New York, Series 2014: 
 
 
 
1,000 
  
5.250%, 11/01/29 
11/24 at 100.00 
BB 
1,130,550 
3,905 
  
5.250%, 11/01/34 
11/24 at 100.00 
BB 
4,342,985 
 
  
Build New York City Resource Corporation, New York, Revenue Bonds, South Bronx Charter School 
 
 
 
 
  
for International Cultures and the Arts Project, Series 2013A: 
 
 
 
1,340 
  
5.000%, 4/15/33 
4/23 at 100.00 
BB+ 
1,391,456 
2,035 
  
5.000%, 4/15/43 
4/23 at 100.00 
BB+ 
2,090,250 
3,655 
  
Dobbs Ferry Local Development Corporation, New York, Revenue Bonds, Mercy College Project, 
No Opt. Call 
A 
4,328,580 
 
  
Series 2014, 5.000%, 7/01/44 
 
 
 
540 
  
Dormitory Authority of the State of New York, 853 Schools Program Insured Revenue Bonds, St. 
7/16 at 100.00 
N/R 
542,176 
 
  
Anne Institute, Issue 2, Series 1998E, 5.000%, 7/01/18 – AMBAC Insured 
 
 
 
4,990 
  
Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University, 
7/23 at 100.00 
A– 
5,853,320 
 
  
Series 2013A, 5.000%, 7/01/44 
 
 
 
1,655 
  
Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University, 
7/25 at 100.00 
A– 
1,995,582 
 
  
Series 2015A, 5.000%, 7/01/37 
 
 
 
4,265 
  
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of 
No Opt. Call 
AA– 
5,571,370 
 
  
Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured 
 
 
 
6,000 
  
Dormitory Authority of the State of New York, Insured Revenue Bonds, Mount Sinai School of 
No Opt. Call 
AA– 
7,376,100 
 
  
Medicine, Series 1994A, 5.150%, 7/01/24 – NPFG Insured 
 
 
 
 
  
Dormitory Authority of the State of New York, Insured Revenue Bonds, Touro College and 
 
 
 
 
  
University System, Series 2014A: 
 
 
 
1,685 
  
5.250%, 1/01/34 
7/24 at 100.00 
BBB– 
1,919,013 
2,185 
  
5.500%, 1/01/39 
7/24 at 100.00 
BBB– 
2,510,062 
2,820 
  
5.500%, 1/01/44 
7/24 at 100.00 
BBB– 
3,228,900 
14,585 
  
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory 
7/23 at 100.00 
Aa3 
17,847,081 
 
  
Facilities, Refunding Series 2013A, 5.000%, 7/01/27 
 
 
 
6,215 
  
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory 
7/19 at 100.00 
Aa2 
6,903,684 
 
  
Facilities, Series 2009A, 5.000%, 7/01/39 
 
 
 
4,750 
  
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory 
7/21 at 100.00 
Aa2 
5,537,218 
 
  
Facilities, Series 2011A, 5.000%, 7/01/41 
 
 
 
3,750 
  
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory 
7/22 at 100.00 
Aa2 
4,448,663 
 
  
Facilities, Series 2012A, 5.000%, 7/01/37 
 
 
 
 
  
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory 
 
 
 
 
  
Facilities, Series 2015A: 
 
 
 
3,095 
  
5.000%, 7/01/31 
No Opt. Call 
Aa3 
3,879,675 
3,465 
  
5.000%, 7/01/33 
No Opt. Call 
Aa3 
4,311,084 
2,000 
  
5.000%, 7/01/34 
7/25 at 100.00 
Aa3 
2,479,060 
 
  
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A: 
 
 
 
405 
  
5.000%, 7/01/25 – NPFG Insured 
7/17 at 100.00 
AA– 
422,289 
1,320 
  
5.000%, 7/01/37 – NPFG Insured 
7/17 at 100.00 
AA– 
1,374,793 
6,680 
  
Dormitory Authority of the State of New York, Revenue Bonds, Columbia University, Series 
4/21 at 100.00 
AAA 
7,865,299 
 
  
2011A, 5.000%, 10/01/41 
 
 
 
 
  
Dormitory Authority of the State of New York, Revenue Bonds, Convent of the Sacred Heart, 
 
 
 
 
  
Series 2011: 
 
 
 
1,000 
  
5.625%, 11/01/35 – AGM Insured 
5/21 at 100.00 
AA 
1,200,170 
5,980 
  
5.750%, 11/01/40 – AGM Insured 
5/21 at 100.00 
AA 
7,079,363 
12,970 
  
Dormitory Authority of the State of New York, Revenue Bonds, Icahn School of Medicine at Mount 
7/25 at 100.00 
A– 
15,726,644 
 
  
Sinai, Series 2015A, 5.000%, 7/01/40 
 
 
 
1,000 
  
Dormitory Authority of the State of New York, Revenue Bonds, Marymount Manhattan College, 
7/19 at 100.00 
Baa2 
1,099,640 
 
  
Series 2009, 5.250%, 7/01/29 
 
 
 
875 
  
Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series 
7/20 at 100.00 
A– 
1,005,883 
 
  
2010, 5.250%, 7/01/30 
 
 
 
3,250 
  
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 
No Opt. Call 
AA– 
3,593,363 
 
  
1998A, 6.000%, 7/01/18 – NPFG Insured 
 
 
 
 
  
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2001-1: 
 
 
 
1,500 
  
5.500%, 7/01/24 – AMBAC Insured 
No Opt. Call 
AA– 
1,959,450 
4,000 
  
5.500%, 7/01/40 – AMBAC Insured 
No Opt. Call 
AA– 
5,890,840 
 
  
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2009A: 
 
 
 
10,000 
  
5.250%, 7/01/34 
7/19 at 100.00 
AA– 
11,276,400 
3,890 
  
5.000%, 7/01/39 
7/19 at 100.00 
AA– 
4,343,068 
13,500 
  
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 
7/19 at 100.00 
AA– 
15,038,325 
 
  
2009B, 5.000%, 7/01/39 
 
 
 
 
  
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2015A: 
 
 
 
9,000 
  
5.000%, 7/01/34 
No Opt. Call 
AA– 
11,222,820 
8,955 
  
5.000%, 7/01/45 
7/25 at 100.00 
AA– 
10,870,475 
 
  
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2016A: 
 
 
 
11,920 
  
5.000%, 7/01/34 
7/26 at 100.00 
AA– 
15,159,737 
2,375 
  
5.000%, 7/01/36 
7/26 at 100.00 
AA– 
3,000,813 
2,800 
  
Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell 
7/20 at 100.00 
Aa1 
3,218,768 
 
  
University, Series 2008C, 5.000%, 7/01/37 
 
 
 
 
  
Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell 
 
 
 
 
  
University, Series 2010A: 
 
 
 
5,000 
  
5.000%, 7/01/35 
7/20 at 100.00 
Aa1 
5,754,150 
11,560 
  
5.000%, 7/01/40 
7/20 at 100.00 
Aa1 
13,303,595 
 
  
Dormitory Authority of the State of New York, Revenue Bonds, Pratt Institute, Series 2015A: 
 
 
 
800 
  
5.000%, 7/01/39 
7/24 at 100.00 
A3 
955,768 
1,500 
  
5.000%, 7/01/44 
7/24 at 100.00 
A3 
1,762,140 
 
  
Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of 
 
 
 
 
  
Technology, Series 2006A: 
 
 
 
2,500 
  
5.250%, 7/01/20 – AMBAC Insured 
No Opt. Call 
A1 
2,897,725 
2,000 
  
5.250%, 7/01/21 – AMBAC Insured 
No Opt. Call 
A1 
2,376,100 
 
  
Dormitory Authority of the State of New York, Revenue Bonds, Saint Joseph’s College, Series 2010: 
 
 
 
1,815 
  
5.250%, 7/01/25 
7/17 at 100.00 
Ba1 
1,874,006 
2,000 
  
5.250%, 7/01/35 
7/20 at 100.00 
Ba1 
2,219,540 
1,000 
  
Dutchess County Local Development Corporation, New York, Revenue Bonds, Marist College 
7/23 at 100.00 
A2 
1,171,600 
 
  
Project, Series 2013A, 5.000%, 7/01/39 
 
 
 
 
  
Hempstead Town Local Development Corporation, New York, Revenue Bonds, Adelphi University 
 
 
 
 
  
Project, Series 2013: 
 
 
 
1,785 
  
5.000%, 9/01/38 
9/23 at 100.00 
A– 
2,095,376 
1,785 
  
5.000%, 9/01/43 
9/23 at 100.00 
A– 
2,087,665 
1,400 
  
Monroe County Industrial Development Corporation, New York, Revenue Bonds, Saint John Fisher 
6/24 at 100.00 
BBB+ 
1,687,756 
 
  
College, Series 2014A, 5.500%, 6/01/39 
 
 
 
 
  
New Rochelle Corporation, New York, Local Development Revenue Bonds, Iona College Project, 
 
 
 
 
  
Series 2015A: 
 
 
 
325 
  
5.000%, 7/01/40 
7/25 at 100.00 
BBB 
385,242 
350 
  
5.000%, 7/01/45 
7/25 at 100.00 
BBB 
413,035 
 
  
New York City Industrial Development Agency, New York, Payment in Lieu of Taxes Revenue Bonds, 
 
 
 
 
  
Queens Baseball Stadium Project, Series 2009: 
 
 
 
1,000 
  
6.125%, 1/01/29 – AGC Insured 
1/19 at 100.00 
AA 
1,120,280 
1,000 
  
6.375%, 1/01/39 – AGC Insured 
1/19 at 100.00 
AA 
1,131,200 
 
  
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball 
 
 
 
 
  
Stadium Project, Series 2006: 
 
 
 
6,815 
  
5.000%, 1/01/31 – AMBAC Insured 
1/17 at 100.00 
Baa3 
6,928,470 
5,000 
  
5.000%, 1/01/36 – AMBAC Insured 
1/17 at 100.00 
Baa3 
5,088,250 
1,030 
  
4.750%, 1/01/42 – AMBAC Insured 
1/17 at 100.00 
Baa3 
1,045,399 
14,500 
  
5.000%, 1/01/46 – AMBAC Insured 
1/17 at 100.00 
Baa3 
14,733,595 
4,730 
  
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project 
3/19 at 100.00 
AA 
5,492,523 
 
  
PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured 
 
 
 
 
  
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium 
 
 
 
 
  
Project, Series 2006: 
 
 
 
4,280 
  
5.000%, 3/01/31 – FGIC Insured 
9/16 at 100.00 
BBB 
4,304,268 
31,650 
  
5.000%, 3/01/36 – NPFG Insured 
9/16 at 100.00 
AA– 
31,858,257 
20,210 
  
4.500%, 3/01/39 – FGIC Insured 
9/16 at 100.00 
BBB 
20,328,835 
3,400 
  
New York City Trust for Cultural Resources, New York, Revenue Bonds, Whitney Museum of 
1/21 at 100.00 
A 
3,938,764 
 
  
American Art, Series 2011, 5.000%, 7/01/31 
 
 
 
 
  
Niagara Area Development Corporation, New York, Niagara University Project, Series 2012A: 
 
 
 
600 
  
5.000%, 5/01/35 
5/22 at 100.00 
BBB+ 
692,592 
1,000 
  
5.000%, 5/01/42 
5/22 at 100.00 
BBB+ 
1,149,590 
1,450 
  
Onondaga Civic Development Corporation, New York, Revenue Bonds, Le Moyne College Project, 
7/22 at 100.00 
Baa2 
1,657,843 
 
  
Series 2012, 5.000%, 7/01/42 
 
 
 
1,000 
  
Onongada County Trust For Cultural Resources, New York, Revenue Bonds, Syracuse University 
12/21 at 100.00 
AA– 
1,185,750 
 
  
Project, Series 2011, 5.000%, 12/01/36 
 
 
 
 
  
Tompkins County Development Corporation, New York, Revenue Bonds, Ithaca College, Series 2011: 
 
 
 
1,390 
  
5.500%, 7/01/33 – AGM Insured 
1/21 at 100.00 
A2 
1,621,310 
1,000 
  
5.250%, 7/01/36 – AGM Insured 
1/21 at 100.00 
A2 
1,155,610 
4,000 
  
5.375%, 7/01/41 – AGM Insured 
1/21 at 100.00 
A2 
4,647,800 
3,700 
  
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute, 
9/20 at 100.00 
A– 
4,230,876 
 
  
Series 2010A, 5.125%, 9/01/40 
 
 
 
358,855 
  
Total Education and Civic Organizations 
 
 
373,970,979 
 
  
Financials – 1.6% (1.0% of Total Investments) 
 
 
 
1,615 
  
New York Liberty Development Corporation, Revenue Bonds, Goldman Sachs Headquarters Issue, 
No Opt. Call 
A 
2,180,444 
 
  
Series 2005, 5.250%, 10/01/35 
 
 
 
13,835 
  
New York Liberty Development Corporation, Revenue Bonds, Goldman Sachs Headquarters Issue, 
No Opt. Call 
A 
19,429,597 
 
  
Series 2007, 5.500%, 10/01/37 
 
 
 
15,450 
  
Total Financials 
 
 
21,610,041 
 
  
Health Care – 9.3% (5.8% of Total Investments) 
 
 
 
1,250 
  
Build New York City Resource Corporation, New York, Revenue Bonds, New York Methodist 
7/24 at 100.00 
A– 
1,509,625 
 
  
Hospital Project, Refunding Series 2014, 5.000%, 7/01/27 
 
 
 
2,460 
  
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, 
8/19 at 100.00 
AA+ 
2,872,763 
 
  
Hospital for Special Surgery, Series 2009, 6.250%, 8/15/34 
 
 
 
7,370 
  
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson 
8/17 at 100.00 
AA 
7,703,198 
 
  
Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – AGM Insured 
 
 
 
 
  
Dormitory Authority of the State of New York, Orange Regional Medical Center Obligated Group 
 
 
 
 
  
Revenue Bonds, Series 2008: 
 
 
 
4,345 
  
6.000%, 12/01/16 
No Opt. Call 
Ba1 
4,440,503 
5,430 
  
6.500%, 12/01/21 
12/18 at 100.00 
Ba1 
6,042,395 
6,780 
  
6.125%, 12/01/29 
12/18 at 100.00 
Ba1 
7,430,473 
14,770 
  
6.250%, 12/01/37 
12/18 at 100.00 
Ba1 
16,193,533 
 
  
Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc., 
 
 
 
 
  
Series 2007B: 
 
 
 
3,865 
  
5.250%, 7/01/27 – AGC Insured 
7/17 at 100.00 
AA 
4,028,296 
3,500 
  
5.125%, 7/01/37 – AGC Insured 
7/17 at 100.00 
AA 
3,649,625 
4,000 
  
Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish 
5/21 at 100.00 
A 
4,629,400 
 
  
Obligated Group, Series 2011A, 5.000%, 5/01/41 
 
 
 
900 
  
Dutchess County Local Development Corporation, New York, Revenue Bonds, Health Quest Systems 
7/20 at 100.00 
A– 
1,044,072 
 
  
Inc., Series 2010A, 5.750%, 7/01/40 – AGM Insured 
 
 
 
34,615 
  
Dutchess County Local Development Corporation, New York, Revenue Bonds, Health Quest Systems, 
7/26 at 100.00 
A– 
42,065,185 
 
  
Inc. Project, Series 2016B, 5.000%, 7/01/46 (WI/DD, Settling 7/07/16) 
 
 
 
1,875 
  
Monroe County Industrial Development Corporation, New York, FHA Insured Mortgage Revenue 
2/21 at 100.00 
AA 
2,240,288 
 
  
Bonds, Unity Hospital of Rochester Project, Series 2010, 5.750%, 8/15/35 
 
 
 
3,900 
  
Monroe County Industrial Development Corporation, New York, Revenue Bonds, Rochester General 
12/22 at 100.00 
A– 
4,481,100 
 
  
Hospital Project, Series 2013A, 5.000%, 12/01/42 
 
 
 
5,585 
  
Suffolk County Economic Development Corporation, New York, Revenue Bonds, Catholic Health 
7/21 at 100.00 
BBB+ 
6,378,852 
 
  
Services of Long Island Obligated Group Project, Refunding Series 2011, 5.000%, 7/01/28 
 
 
 
565 
  
Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series 
11/20 at 100.00 
BBB 
657,361 
 
  
2010-C2, 6.125%, 11/01/37 
 
 
 
2,260 
  
Westchester County Local Development Corporation, New York, Revenue Bonds, Westchester 
11/25 at 100.00 
BBB 
2,673,038 
 
  
Medical Center Obligated Group Project, Series 2016, 5.000%, 11/01/46 
 
 
 
5,740 
  
Yonkers Industrial Development Agency, New York, Revenue Bonds, St. John’s Riverside Hospital, 
7/16 at 100.00 
BB– 
5,754,063 
 
  
Series 2001A, 7.125%, 7/01/31 
 
 
 
2,035 
  
Yonkers Industrial Development Agency, New York, Revenue Bonds, St. John’s Riverside Hospital, 
9/16 at 100.00 
BB– 
2,039,986 
 
  
Series 2001B, 7.125%, 7/01/31 
 
 
 
111,245 
  
Total Health Care 
 
 
125,833,756 
 
  
Housing/Multifamily – 0.1% (0.1% of Total Investments) 
 
 
 
1,040 
  
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, 
5/20 at 100.00 
AA+ 
1,132,914 
 
  
Series 2010D-1A, 5.000%, 11/01/42 
 
 
 
450 
  
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2009B, 
5/19 at 100.00 
Aa2 
474,944 
 
  
4.500%, 11/01/29 
 
 
 
65 
  
New York State Housing Finance Agency, Mortgage Revenue Refunding Bonds, Housing Project, 
11/16 at 100.00 
AA 
65,210 
 
  
Series 1996A, 6.125%, 11/01/20 – AGM Insured 
 
 
 
1,555 
  
Total Housing/Multifamily 
 
 
1,673,068 
 
  
Industrials – 3.3% (2.0% of Total Investments) 
 
 
 
38,030 
  
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade 
11/24 at 100.00 
N/R 
44,174,886 
 
  
Center Project, Class 1 Series 2014, 5.000%, 11/15/44 
 
 
 
 
  
Long-Term Care – 0.2% (0.1% of Total Investments) 
 
 
 
800 
  
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of 
2/17 at 103.00 
AA+ 
845,608 
 
  
Westchester Project, Series 2006, 5.200%, 2/15/41 
 
 
 
1,225 
  
Suffolk County Economic Development Corporation, New York, Revenue Bonds, Peconic Landing At 
12/20 at 100.00 
BBB– 
1,403,581 
 
  
Southold, Inc. Project, Refunding Series 2010, 6.000%, 12/01/40 
 
 
 
2,025 
  
Total Long-Term Care 
 
 
2,249,189 
 
  
Tax Obligation/General – 8.4% (5.2% of Total Investments) 
 
 
 
15 
  
Nassau County, New York, General Obligation Bonds, General Improvement Series 2009C, 5.000%, 
10/19 at 100.00 
AA 
16,852 
 
  
10/01/29 – AGC Insured 
 
 
 
500 
  
Nassau County, New York, General Obligation Bonds, General Improvement Series, Refunding 
1/26 at 100.00 
A+ 
609,400 
 
  
2016A, 5.000%, 1/01/38 
 
 
 
 
  
Nassau County, New York, General Obligation Bonds, General Improvement Series 2016C: 
 
 
 
4,145 
  
5.000%, 4/01/28 
4/26 at 100.00 
A+ 
5,223,280 
3,160 
  
5.000%, 4/01/29 
4/26 at 100.00 
A+ 
3,966,179 
5,660 
  
5.000%, 4/01/35 
4/26 at 100.00 
A+ 
6,976,969 
5,085 
  
5.000%, 4/01/36 
4/26 at 100.00 
A+ 
6,243,261 
1,200 
  
New York City, New York, General Obligation Bonds, Fiscal 2009 Series E, 5.000%, 8/01/28 
8/19 at 100.00 
AA 
1,346,640 
 
  
New York City, New York, General Obligation Bonds, Fiscal 2012 Series A-1: 
 
 
 
6,085 
  
5.000%, 10/01/31 
No Opt. Call 
AA 
7,327,314 
1,000 
  
5.000%, 10/01/33 
10/22 at 100.00 
AA 
1,204,160 
1,570 
  
5.000%, 10/01/34 
No Opt. Call 
AA 
1,890,531 
8,665 
  
New York City, New York, General Obligation Bonds, Fiscal 2012 Series B, 5.000%, 8/01/30 
No Opt. Call 
AA 
10,452,503 
 
  
New York City, New York, General Obligation Bonds, Fiscal 2012 Series I: 
 
 
 
1,000 
  
5.000%, 8/01/30 
8/22 at 100.00 
AA 
1,206,290 
2,000 
  
5.000%, 8/01/31 
8/22 at 100.00 
AA 
2,399,680 
 
  
New York City, New York, General Obligation Bonds, Fiscal 2013 Series F-1: 
 
 
 
5,000 
  
5.000%, 3/01/29 
3/23 at 100.00 
AA 
6,132,800 
3,400 
  
5.000%, 3/01/31 
3/23 at 100.00 
AA 
4,150,074 
2,190 
  
5.000%, 3/01/32 
3/23 at 100.00 
AA 
2,665,383 
1,000 
  
5.000%, 3/01/33 
3/23 at 100.00 
AA 
1,212,840 
3,735 
  
New York City, New York, General Obligation Bonds, Fiscal 2014 Series A-1, 5.000%, 8/01/26 
8/23 at 100.00 
AA 
4,675,510 
8,000 
  
New York City, New York, General Obligation Bonds, Fiscal 2014 Series D-1, 5.000%, 8/01/30 
8/23 at 100.00 
AA 
9,899,760 
7,665 
  
New York City, New York, General Obligation Bonds, Fiscal 2015 Series A, 5.000%, 8/01/33 
8/24 at 100.00 
AA 
9,451,098 
750 
  
New York City, New York, General Obligation Bonds, Fiscal 2016 Series E, 5.000%, 8/01/32 
8/26 at 100.00 
AA 
957,728 
5 
  
New York City, New York, General Obligation Bonds, Fiscal Series 2001D, 5.000%, 8/01/16 – 
7/16 at 100.00 
AA 
5,020 
 
  
FGIC Insured 
 
 
 
5 
  
New York City, New York, General Obligation Bonds, Fiscal Series 2004E, 5.000%, 11/01/20 – 
9/16 at 100.00 
AA 
5,020 
 
  
AGM Insured 
 
 
 
 
  
New York City, New York, General Obligation Bonds, Series 2011D-I: 
 
 
 
2,785 
  
5.000%, 10/01/30 
10/21 at 100.00 
AA 
3,336,653 
2,880 
  
5.000%, 10/01/34 
No Opt. Call 
AA 
3,419,712 
3,345 
  
New York City, New York, General Obligation Bonds, Subseries G-1 Fiscal Series 2012, 
No Opt. Call 
AA 
4,007,812 
 
  
5.000%, 4/01/28 
 
 
 
 
  
Rensselaer County, New York, General Obligation Bonds, Series 1991: 
 
 
 
960 
  
6.700%, 2/15/17 – AMBAC Insured 
No Opt. Call 
AA 
995,539 
960 
  
6.700%, 2/15/18 – AMBAC Insured 
No Opt. Call 
AA 
1,051,613 
960 
  
6.700%, 2/15/19 – AMBAC Insured 
No Opt. Call 
AA 
1,109,002 
960 
  
6.700%, 2/15/20 – AMBAC Insured 
No Opt. Call 
AA 
1,165,718 
747 
  
6.700%, 2/15/21 – AMBAC Insured 
No Opt. Call 
AA 
948,563 
 
  
Rochester, New York, General Obligation Bonds, Series 1999: 
 
 
 
735 
  
5.250%, 10/01/20 – NPFG Insured 
No Opt. Call 
AA– 
867,587 
735 
  
5.250%, 10/01/21 – NPFG Insured 
No Opt. Call 
AA– 
893,393 
730 
  
5.250%, 10/01/22 – NPFG Insured 
No Opt. Call 
AA– 
910,186 
730 
  
5.250%, 10/01/23 – NPFG Insured 
No Opt. Call 
AA– 
935,342 
730 
  
5.250%, 10/01/24 – NPFG Insured 
No Opt. Call 
AA– 
930,830 
730 
  
5.250%, 10/01/25 – NPFG Insured 
No Opt. Call 
AA– 
949,540 
725 
  
5.250%, 10/01/26 – NPFG Insured 
No Opt. Call 
AA– 
956,804 
1,145 
  
Three Village Central School District, Brookhaven and Smithtown, Suffolk County, New York, 
No Opt. Call 
Aa2 
1,238,169 
 
  
General Obligation Bonds, Refunding Series 2005, 5.000%, 6/01/18 – FGIC Insured 
 
 
 
1,620 
  
West Islip Union Free School District, Suffolk County, New York, General Obligation Bonds, 
9/16 at 100.00 
Aa3 
1,626,107 
 
  
Series 2005, 5.000%, 10/01/16 – AGM Insured 
 
 
 
93,312 
  
Total Tax Obligation/General 
 
 
113,360,862 
 
  
Tax Obligation/Limited – 48.8% (30.4% of Total Investments) 
 
 
 
65 
  
Dormitory Authority of the State of New York, 853 Schools Program Insured Revenue Bonds, 
9/16 at 100.00 
N/R 
65,276 
 
  
Vanderheyden Hall Inc., Issue 2, Series 1998F, 5.250%, 7/01/18 – AMBAC Insured 
 
 
 
525 
  
Dormitory Authority of the State of New York, Insured Revenue Bonds, 853 Schools Program – 
7/16 at 100.00 
N/R 
527,447 
 
  
Anderson School, Series 1999E, Issue 2, 5.750%, 7/01/19 – AMBAC Insured 
 
 
 
4,955 
  
Dormitory Authority of the State of New York, Insured Revenue Bonds, Special Act School 
7/16 at 100.00 
AA– 
4,977,050 
 
  
District Program, Series 1999, 5.750%, 7/01/19 – NPFG Insured 
 
 
 
1,000 
  
Dormitory Authority of the State of New York, Master BOCES Program Lease Revenue Bonds, Nassau 
8/19 at 100.00 
AA 
1,106,010 
 
  
County Board of Cooperative Educational Services, Series 2009, 5.000%, 8/15/28 – AGC Insured 
 
 
 
10,840 
  
Dormitory Authority of the State of New York, Revenue Bonds, Department of Health, Series 
9/16 at 100.00 
AA 
10,882,926 
 
  
2004-2, 5.000%, 7/01/20 – FGIC Insured 
 
 
 
1,000 
  
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing 
10/19 at 100.00 
AA 
1,139,270 
 
  
Program, Series 2009A, 5.625%, 10/01/29 – AGC Insured 
 
 
 
1,000 
  
Dormitory Authority of the State of New York, Revenue Bonds, State University Educational 
No Opt. Call 
Aa2 
1,099,040 
 
  
Facilities, Series 1993A, 5.500%, 5/15/19 – AMBAC Insured 
 
 
 
1,790 
  
Dormitory Authority of the State of New York, Second General Resolution Consolidated Revenue 
No Opt. Call 
AA 
1,870,120 
 
  
Bonds, City University System, Series 1993A, 5.750%, 7/01/18 – AGM Insured 
 
 
 
 
  
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General 
 
 
 
 
  
Purpose Series 2011C: 
 
 
 
995 
  
5.000%, 3/15/34 
No Opt. Call 
AAA 
1,170,060 
24,000 
  
5.000%, 3/15/41 
3/21 at 100.00 
AAA 
28,126,320 
 
  
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General 
 
 
 
 
  
Purpose Series 2012D: 
 
 
 
7,550 
  
5.000%, 2/15/33 
No Opt. Call 
AAA 
9,137,992 
10,000 
  
5.000%, 2/15/40 
No Opt. Call 
AAA 
11,952,600 
 
  
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General 
 
 
 
 
  
Purpose Series 2014A: 
 
 
 
5,000 
  
5.000%, 2/15/29 
2/24 at 100.00 
AAA 
6,258,450 
10,000 
  
5.000%, 2/15/30 
2/24 at 100.00 
AAA 
12,471,900 
7,000 
  
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General 
3/24 at 100.00 
AAA 
8,509,760 
 
  
Purpose Series 2014C, Group C, 5.000%, 3/15/44 
 
 
 
 
  
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General 
 
 
 
 
  
Purpose Series 2015A: 
 
 
 
1,500 
  
5.000%, 3/15/31 
3/25 at 100.00 
AAA 
1,885,245 
2,500 
  
5.000%, 3/15/33 
3/25 at 100.00 
AAA 
3,121,525 
28,280 
  
Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2013A, 
3/23 at 100.00 
AAA 
33,580,520 
 
  
5.000%, 3/15/43 
 
 
 
3,000 
  
Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2014A, 
3/24 at 100.00 
AAA 
3,717,210 
 
  
5.000%, 3/15/34 
 
 
 
12,045 
  
Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2015B. 
9/25 at 100.00 
AAA 
15,127,556 
 
  
Group A,B&C, 5.000%, 3/15/36 
 
 
 
10,125 
  
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo 
5/19 at 100.00 
AA 
11,263,658 
 
  
City School District Project, Series 2009A, 5.000%, 5/01/31 
 
 
 
1,080 
  
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo 
5/23 at 100.00 
AA 
1,328,389 
 
  
City School District, Refunding Series 2013A, 5.000%, 5/01/28 
 
 
 
 
  
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo 
 
 
 
 
  
City School District, Series 2008-A: 
 
 
 
3,540 
  
5.750%, 5/01/27 – AGM Insured (UB) 
5/18 at 100.00 
AA 
3,873,857 
5,000 
  
5.750%, 5/01/28 – AGM Insured (UB) 
5/18 at 100.00 
AA 
5,471,550 
 
  
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo 
 
 
 
 
  
City School District, Series 2007A: 
 
 
 
5,980 
  
5.750%, 5/01/27 – AGM Insured (UB) 
5/17 at 100.00 
AA 
6,238,396 
21,030 
  
5.750%, 5/01/28 – AGM Insured (UB) 
5/17 at 100.00 
AA 
21,938,706 
5,000 
  
Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D, 5.000%, 11/15/29 
No Opt. Call 
A 
6,116,600 
 
  
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 
 
 
 
 
  
Series 2011A: 
 
 
 
23,030 
  
5.750%, 2/15/47 
2/21 at 100.00 
A 
27,300,914 
6,000 
  
5.250%, 2/15/47 
2/21 at 100.00 
A 
6,921,420 
1,850 
  
5.000%, 2/15/47 – AGM Insured 
2/21 at 100.00 
AA 
2,121,636 
 
  
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A: 
 
 
 
51,590 
  
5.000%, 2/15/47 – FGIC Insured 
2/17 at 100.00 
A 
52,900,901 
4,200 
  
5.000%, 2/15/47 – AGM Insured 
2/17 at 100.00 
AA 
4,308,864 
9,000 
  
Metropolitan Transportation Authority, New York, State Service Contract Bonds, Series 2002A, 
No Opt. Call 
AA 
9,917,550 
 
  
5.750%, 7/01/18 – AGM Insured (UB) 
 
 
 
1,000 
  
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, 
No Opt. Call 
AA 
1,101,950 
 
  
Series 2002A, 5.750%, 7/01/18 – AGM Insured 
 
 
 
3,675 
  
Monroe County Industrial Development Agency, New York, School Facility Revenue Bonds, 
5/23 at 100.00 
AA 
4,445,721 
 
  
Rochester Schools Modernization Project, Series 2013, 5.000%, 5/01/28 
 
 
 
560 
  
Monroe Newpower Corporation, New York, Power Facilities Revenue Bonds, Series 2003, 
1/17 at 100.00 
A– 
564,833 
 
  
5.500%, 1/01/34 
 
 
 
10,440 
  
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 
1/17 at 100.00 
AA 
10,691,291 
 
  
Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured 
 
 
 
 
  
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 
 
 
 
 
  
Series 2015S-1: 
 
 
 
5,400 
  
5.000%, 7/15/33 
1/25 at 100.00 
AA 
6,685,308 
5,360 
  
5.000%, 7/15/43 
1/25 at 100.00 
AA 
6,518,189 
11,000 
  
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 
7/25 at 100.00 
AA 
13,563,440 
 
  
Series 2015S-2, 5.000%, 7/15/40 
 
 
 
 
  
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 
 
 
 
 
  
Series 2016S-1: 
 
 
 
4,000 
  
4.000%, 7/15/40 
1/26 at 100.00 
AA 
4,517,360 
7,950 
  
5.000%, 7/15/43 
1/26 at 100.00 
AA 
9,833,196 
1,290 
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 
5/17 at 100.00 
AAA 
1,335,602 
 
  
Series 2007B, 5.000%, 11/01/30 
 
 
 
 
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate 
 
 
 
 
  
Fiscal 2012 Series E-1: 
 
 
 
6,225 
  
5.000%, 2/01/37 
2/22 at 100.00 
AAA 
7,417,648 
24,155 
  
5.000%, 2/01/42 
2/22 at 100.00 
AAA 
28,625,849 
32,500 
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate 
5/22 at 100.00 
AAA 
38,812,799 
 
  
Fiscal 2012 Series F-1, 5.000%, 5/01/39 
 
 
 
5,100 
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate 
No Opt. Call 
AAA 
6,275,244 
 
  
Fiscal 2013 Series F-1, 5.000%, 2/01/29 
 
 
 
13,530 
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate 
2/24 at 100.00 
AAA 
16,501,323 
 
  
Fiscal 2014 Series D-1, 5.000%, 2/01/37 
 
 
 
 
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate 
 
 
 
 
  
Fiscal 2015 Series B-1: 
 
 
 
5,000 
  
5.000%, 8/01/33 
8/24 at 100.00 
AAA 
6,245,850 
3,960 
  
5.000%, 8/01/35 
8/24 at 100.00 
AAA 
4,912,934 
 
  
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds, 
 
 
 
 
  
Subordinate Lien Series 2011C: 
 
 
 
10,000 
  
5.500%, 11/01/35 
11/20 at 100.00 
AAA 
11,957,100 
1,000 
  
5.000%, 11/01/39 
11/20 at 100.00 
AAA 
1,161,980 
8,490 
  
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds, 
2/21 at 100.00 
AAA 
9,923,537 
 
  
Subordinate Series 2011-D1, 5.000%, 2/01/35 
 
 
 
 
  
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A: 
 
 
 
18,575 
  
5.750%, 4/01/33 – AGM Insured 
4/21 at 100.00 
Aa3 
22,590,172 
4,000 
  
5.750%, 4/01/41 
4/21 at 100.00 
AA– 
4,821,320 
28,795 
  
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series 
No Opt. Call 
AA+ 
33,817,424 
 
  
2005B, 5.500%, 4/01/20 – AMBAC Insured 
 
 
 
 
  
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2010A: 
 
 
 
1,600 
  
5.000%, 3/15/29 
9/20 at 100.00 
AAA 
1,867,392 
1,945 
  
5.000%, 3/15/30 
9/20 at 100.00 
AAA 
2,251,065 
7,065 
  
New York State Urban Development Corporation, State Facilities Revenue Bonds, Series 1995, 
No Opt. Call 
AA 
7,803,787 
 
  
5.700%, 4/01/20 – AGM Insured (UB) (4) 
 
 
 
12,070 
  
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, 
3/23 at 100.00 
AAA 
14,756,179 
 
  
General Purpose Series 2013C, 5.000%, 3/15/32 
 
 
 
 
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A: 
 
 
 
11,000 
  
0.000%, 8/01/41 – NPFG Insured 
No Opt. Call 
AA– 
2,480,720 
13,520 
  
0.000%, 8/01/42 – FGIC Insured 
No Opt. Call 
AA– 
2,873,946 
10,000 
  
0.000%, 8/01/44 – NPFG Insured 
No Opt. Call 
AA– 
1,921,000 
19,900 
  
0.000%, 8/01/45 – NPFG Insured 
No Opt. Call 
AA– 
3,628,168 
201,690 
  
0.000%, 8/01/46 – NPFG Insured 
No Opt. Call 
AA– 
34,886,319 
89,130 
  
0.000%, 8/01/47 – AMBAC Insured 
No Opt. Call 
Caa3 
12,575,352 
680 
  
Suffolk County Industrial Development Agency, New York, Revenue Bonds, Hampton Bays Public 
10/16 at 100.00 
A3 
682,978 
 
  
Library, Series 1999A, 6.000%, 10/01/19 – NPFG Insured 
 
 
 
2,730 
  
Suffolk County Judicial Facilities Agency, New York, Lease Revenue Bonds, H. Lee Dennison 
11/23 at 100.00 
A– 
3,168,902 
 
  
Building, Series 2013, 5.000%, 11/01/33 
 
 
 
863,805 
  
Total Tax Obligation/Limited 
 
 
657,644,596 
 
  
Transportation – 21.3% (13.3% of Total Investments) 
 
 
 
7,500 
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Green 
11/26 at 100.00 
AA– 
8,426,100 
 
  
Series 2016B, 4.000%, 11/15/36 
 
 
 
13,950 
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding 
No Opt. Call 
AA– 
16,926,651 
 
  
Series 2012F, 5.000%, 11/15/30 
 
 
 
8,800 
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2008A, 
11/17 at 100.00 
AA– 
9,344,544 
 
  
5.250%, 11/15/36 
 
 
 
27,285 
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2010D, 
11/20 at 100.00 
AA– 
31,798,485 
 
  
5.250%, 11/15/40 
 
 
 
6,090 
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2013B, 
5/23 at 100.00 
AA– 
7,446,182 
 
  
5.000%, 11/15/30 
 
 
 
480 
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2013C, 
5/23 at 100.00 
AA– 
583,747 
 
  
5.000%, 11/15/32 
 
 
 
1,900 
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2013D, 
11/23 at 100.00 
AA– 
2,391,131 
 
  
5.250%, 11/15/30 
 
 
 
 
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2013E: 
 
 
 
14,000 
  
5.000%, 11/15/31 
11/23 at 100.00 
AA– 
17,287,620 
1,785 
  
5.000%, 11/15/32 
11/23 at 100.00 
AA– 
2,197,192 
10,000 
  
5.000%, 11/15/38 
11/23 at 100.00 
AA– 
12,123,700 
9,370 
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2014B, 
5/24 at 100.00 
AA– 
11,772,562 
 
  
5.250%, 11/15/35 
 
 
 
8,055 
  
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 4 World Trade 
11/21 at 100.00 
A+ 
9,478,157 
 
  
Center Project, Series 2011, 5.000%, 11/15/44 
 
 
 
3,400 
  
New York State Thruway Authority, General Revenue Bonds, Refunding Series 2007H, 5.000%, 
1/18 at 100.00 
AA– 
3,625,590 
 
  
1/01/25 – FGIC Insured 
 
 
 
 
  
New York State Thruway Authority, General Revenue Junior Indebtedness Obligations, 
 
 
 
 
  
Series 2016A: 
 
 
 
1,180 
  
5.000%, 1/01/35 
1/26 at 100.00 
A– 
1,458,515 
3,000 
  
5.000%, 1/01/41 
1/26 at 100.00 
A– 
3,687,870 
24,815 
  
5.000%, 1/01/46 
1/26 at 100.00 
A– 
30,386,216 
5,000 
  
5.250%, 1/01/56 
1/26 at 100.00 
A– 
6,242,400 
7,500 
  
4.000%, 1/01/56 
1/26 at 100.00 
A– 
8,271,975 
 
  
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred 
 
 
 
 
  
Eighty-Forth Series 2014: 
 
 
 
2,100 
  
5.000%, 9/01/33 
9/24 at 100.00 
AA– 
2,613,765 
3,950 
  
5.000%, 9/01/34 
9/24 at 100.00 
AA– 
4,892,668 
1,000 
  
5.000%, 9/01/35 
9/24 at 100.00 
AA– 
1,232,680 
5,155 
  
5.000%, 9/01/36 
9/24 at 100.00 
AA– 
6,328,175 
9,755 
  
5.000%, 9/01/39 
9/24 at 100.00 
AA– 
11,925,683 
 
  
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred 
 
 
 
 
  
Eighty-Ninth Series 2015: 
 
 
 
3,375 
  
5.000%, 5/01/30 
5/25 at 100.00 
AA– 
4,281,930 
6,535 
  
5.000%, 5/01/31 
5/25 at 100.00 
AA– 
8,266,644 
3,595 
  
5.000%, 5/01/35 
5/25 at 100.00 
AA– 
4,471,030 
10,780 
  
5.000%, 5/01/45 
5/25 at 100.00 
AA– 
13,172,190 
4,185 
  
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty 
No Opt. Call 
AA 
5,008,441 
 
  
Eighth Series 2008, Tender Option Bond Trust 2015-XF2178, 16.592%, 3/16/17 – AGM Insured (IF) 
 
 
 
 
  
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred 
 
 
 
 
  
Ninety-Fourth Series 2015: 
 
 
 
14,900 
  
5.000%, 10/15/41 
10/25 at 100.00 
AA– 
18,416,400 
9,000 
  
5.250%, 10/15/55 
10/25 at 100.00 
AA– 
11,302,740 
2,000 
  
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Seventy 
12/23 at 100.00 
AA– 
2,444,160 
 
  
Ninth Series 2013, 5.000%, 12/01/43 
 
 
 
2,500 
  
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air 
9/16 at 100.00 
Baa1 
2,521,400 
 
  
Terminal LLC Project, Eighth Series 2010, 6.500%, 12/01/28 
 
 
 
5,480 
  
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding 
No Opt. Call 
AA– 
6,581,206 
 
  
Subordinate Lien Series 2002E, 5.500%, 11/15/20 – NPFG Insured 
 
 
 
238,420 
  
Total Transportation 
 
 
286,907,749 
 
  
U.S. Guaranteed – 4.9% (3.1% of Total Investments) (5) 
 
 
 
5,315 
  
Albany Capital Resource Corporation, New York, St. Peter’s Hospital Project, Series 2011, 
11/20 at 100.00 
N/R (5) 
6,524,216 
 
  
6.125%, 11/15/30 (Pre-refunded 11/15/20) 
 
 
 
5,935 
  
Albany Industrial Development Agency, New York, Revenue Bonds, Saint Peter’s Hospital, Series 
11/17 at 100.00 
N/R (5) 
6,322,259 
 
  
2008A, 5.250%, 11/15/32 (Pre-refunded 11/15/17) 
 
 
 
4,205 
  
Albany Industrial Development Agency, New York, Revenue Bonds, Saint Peter’s Hospital, Series 
11/17 at 100.00 
N/R (5) 
4,486,567 
 
  
2008D, 5.375%, 11/15/32 (Pre-refunded 11/15/17) 
 
 
 
1,000 
  
Albany Industrial Development Agency, New York, Revenue Bonds, Saint Peter’s Hospital, Series 
11/17 at 100.00 
N/R (5) 
1,065,250 
 
  
2008E, 5.250%, 11/15/32 (Pre-refunded 11/15/17) 
 
 
 
 
  
Canton Capital Resource Corporation, New York, Student Housing Facility Revenue Bonds, Grasse 
 
 
 
 
  
River LLC at SUNY Canton Project Series 2010A: 
 
 
 
1,000 
  
5.000%, 5/01/40 (Pre-refunded 5/01/20) 
5/20 at 100.00 
AA (5) 
1,158,970 
1,000 
  
5.000%, 5/01/45 (Pre-refunded 5/01/20) – AGM Insured 
5/20 at 100.00 
AA (5) 
1,158,970 
9,400 
  
Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University, 
7/17 at 100.00 
AA– (5) 
9,834,844 
 
  
Series 2007A, 5.250%, 7/01/32 (Pre-refunded 7/01/17) – NPFG Insured 
 
 
 
 
  
Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk 
 
 
 
 
  
County Issue, Series 1986: 
 
 
 
425 
  
7.375%, 7/01/16 (ETM) 
No Opt. Call 
Aaa 
425,077 
130 
  
7.375%, 7/01/16 – BIGI Insured (ETM) 
No Opt. Call 
Aaa 
130,023 
 
  
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A: 
 
 
 
1,595 
  
5.000%, 7/01/25 (Pre-refunded 7/01/17) – NPFG Insured 
7/17 at 100.00 
AA– (5) 
1,664,813 
5,205 
  
5.000%, 7/01/37 (Pre-refunded 7/01/17) – NPFG Insured 
7/17 at 100.00 
AA– (5) 
5,432,823 
3,000 
  
Dormitory Authority of the State of New York, Revenue Bonds, Fordham University, Series 2008B, 
7/18 at 100.00 
A2 (5) 
3,260,820 
 
  
5.000%, 7/01/38 (Pre-refunded 7/01/18) – AGC Insured 
 
 
 
3,415 
  
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2007, 
7/17 at 100.00 
AA– (5) 
3,564,475 
 
  
5.000%, 7/01/32 (Pre-refunded 7/01/17) – AMBAC Insured 
 
 
 
7,310 
  
Erie County Industrial Development Agency, New York, Revenue Bonds, Orchard Park CCRC Inc. 
11/16 at 100.00 
N/R (5) 
7,460,294 
 
  
Project, Series 2006A, 6.000%, 11/15/36 (Pre-refunded 11/15/16) 
 
 
 
3,310 
  
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2008A, 5.500%, 
5/19 at 100.00 
AA+ (5) 
3,756,850 
 
  
5/01/33 (Pre-refunded 5/01/19) – BHAC Insured 
 
 
 
985 
  
Nassau County, New York, General Obligation Bonds, General Improvement Series 2009C, 5.000%, 
10/19 at 100.00 
AA (5) 
1,117,039 
 
  
10/01/29 (Pre-refunded 10/01/19) – AGC Insured 
 
 
 
2,510 
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 
5/17 at 100.00 
N/R (5) 
2,601,916 
 
  
Series 2007B, 5.000%, 11/01/30 (Pre-refunded 5/01/17) 
 
 
 
955 
  
Suffolk County Economic Development Corporation, New York, Revenue Bonds, Catholic Health 
7/21 at 100.00 
N/R (5) 
1,142,753 
 
  
Services of Long Island Obligated Group Project, Refunding Series 2011, 5.000%, 7/01/28 
 
 
 
 
  
(Pre-refunded 7/01/21) 
 
 
 
4,485 
  
Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series 
11/20 at 100.00 
N/R (5) 
5,486,725 
 
  
2010-C2, 6.125%, 11/01/37 (Pre-refunded 11/01/20) 
 
 
 
61,180 
  
Total U.S. Guaranteed 
 
 
66,594,684 
 
  
Utilities – 9.9% (6.1% of Total Investments) 
 
 
 
2,450 
  
Chautauqua County Industrial Development Agency, New York, Exempt Facility Revenue Bonds, 
2/20 at 100.00 
Baa3 
2,665,184 
 
  
NRG Dunkirk Power Project, Series 2009, 5.875%, 4/01/42 
 
 
 
3,000 
  
Guam Power Authority, Revenue Bonds, Series 2010A, 5.000%, 10/01/37 – AGM Insured 
10/20 at 100.00 
AA 
3,417,990 
1,045 
  
Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34 
10/22 at 100.00 
BBB 
1,181,111 
 
  
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2000A: 
 
 
 
8,000 
  
0.000%, 6/01/24 – AGM Insured 
No Opt. Call 
AA 
6,974,320 
8,000 
  
0.000%, 6/01/25 – AGM Insured 
No Opt. Call 
AA 
6,783,760 
20,000 
  
0.000%, 6/01/26 – AGM Insured 
No Opt. Call 
AA 
16,507,600 
10,000 
  
0.000%, 6/01/27 – AGM Insured 
No Opt. Call 
AA 
7,998,500 
15,000 
  
0.000%, 6/01/28 – AGM Insured 
No Opt. Call 
AA 
11,554,350 
10,000 
  
0.000%, 6/01/29 – AGM Insured 
No Opt. Call 
AA 
7,463,400 
 
  
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A: 
 
 
 
1,295 
  
5.000%, 12/01/23 – FGIC Insured 
9/16 at 100.00 
AA– 
1,300,063 
715 
  
5.000%, 12/01/25 – FGIC Insured 
9/16 at 100.00 
AA– 
717,846 
2,590 
  
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2014A, 
9/24 at 100.00 
A– 
3,103,778 
 
  
5.000%, 9/01/44 
 
 
 
5,000 
  
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A, 
5/21 at 100.00 
A– 
5,690,500 
 
  
5.000%, 5/01/38 
 
 
 
6,500 
  
Niagara Area Development Corporation, New York, Solid Waste Disposal Facility Revenue 
No Opt. Call 
BB+ 
6,687,850 
 
  
Refunding Bonds, Covanta Energy Project, Series 2012B, 4.000%, 11/01/24 
 
 
 
9,000 
  
Utility Debt Securitization Authority, New York, Restructuring Bonds, Refunding Series 2015, 
12/25 at 100.00 
AAA 
11,530,440 
 
  
5.000%, 12/15/32 
 
 
 
 
  
Utility Debt Securitization Authority, New York, Restructuring Bonds, Series 2013TE: 
 
 
 
9,500 
  
5.000%, 12/15/32 
12/23 at 100.00 
AAA 
11,815,150 
22,290 
  
5.000%, 12/15/41 
12/23 at 100.00 
AAA 
27,422,050 
134,385 
  
Total Utilities 
 
 
132,813,892 
 
  
Water and Sewer – 11.5% (7.2% of Total Investments) 
 
 
 
5,160 
  
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue 
12/21 at 100.00 
AA+ 
6,115,632 
 
  
Bonds, Second Generation Resolution, Fiscal 2012 Series BB, 5.000%, 6/15/44 
 
 
 
5,000 
  
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue 
6/17 at 100.00 
AA+ 
5,199,850 
 
  
Bonds, Second Generation Resolution, Series 2007AA, 5.000%, 6/15/37 
 
 
 
4,085 
  
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second 
6/23 at 100.00 
AA+ 
4,996,118 
 
  
General Resolution Revenue Bonds, Fiscal 2013 Series DD, 5.000%, 6/15/35 
 
 
 
5,375 
  
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second 
6/25 at 100.00 
AA+ 
6,646,779 
 
  
General Resolution Revenue Bonds, Fiscal 2015 Series HH, 5.000%, 6/15/39 
 
 
 
10,000 
  
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second 
6/24 at 100.00 
AA+ 
12,404,600 
 
  
General Resolution Revenue Bonds, Fiscal Series 2014DD, 5.000%, 6/15/35 
 
 
 
22,340 
  
New York State Environmental Facilities Corporation, Revenue Bonds, State Revolving Funds 
5/24 at 100.00 
AAA 
27,200,290 
 
  
Master Financing Program, Green Series 2014B, 5.000%, 5/15/44 
 
 
 
3,095 
  
New York State Environmental Facilities Corporation, Revenue Bonds, State Revolving Funds 
2/22 at 100.00 
AAA 
3,611,679 
 
  
Master Financing, Refunding Series 2012B, 5.000%, 2/15/42 
 
 
 
3,845 
  
New York State Environmental Facilities Corporation, Revenue Bonds, State Revolving Funds 
4/20 at 100.00 
AAA 
4,383,800 
 
  
Master Financing, Series 2010C, 5.000%, 10/15/35 
 
 
 
2,580 
  
New York State Environmental Facilities Corporation, State Clean Water and Drinking Water 
6/24 at 100.00 
AAA 
3,272,704 
 
  
Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects, 
 
 
 
 
  
Second Resolution Subordinated Series 2014A, 5.000%, 6/15/30 
 
 
 
3,110 
  
New York State Environmental Facilities Corporation, State Clean Water and Drinking Water 
6/25 at 100.00 
AAA 
3,912,380 
 
  
Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects, 
 
 
 
 
  
Second Resolution Subordinated SRF Series 2015A, 5.000%, 6/15/36 
 
 
 
 
  
New York State Environmental Facilities Corporation, State Clean Water and Drinking Water 
 
 
 
 
  
Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects, 
 
 
 
 
  
Second Resolution Subordinated SRF Series 2016A: 
 
 
 
8,055 
  
5.000%, 6/15/31 
6/26 at 100.00 
AAA 
10,472,064 
7,000 
  
5.000%, 6/15/32 
6/26 at 100.00 
AAA 
9,070,740 
7,000 
  
5.000%, 6/15/33 
6/26 at 100.00 
AAA 
9,033,780 
5,840 
  
5.000%, 6/15/34 
6/26 at 100.00 
AAA 
7,499,903 
8,650 
  
5.000%, 6/15/35 
6/26 at 100.00 
AAA 
11,072,433 
13,690 
  
4.000%, 6/15/46 
6/26 at 100.00 
AAA 
15,619,879 
7,020 
  
Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2015A, 
6/25 at 100.00 
AAA 
9,000,693 
 
  
5.250%, 6/01/36 
 
 
 
2,230 
  
Upper Mohawk Valley Regional Water Finance Authority, New York, Water System Revenue Bonds, 
No Opt. Call 
A1 
1,978,166 
 
  
Series 2000, 0.000%, 4/01/23 – AMBAC Insured 
 
 
 
 
  
Water Authority of Western Nassau County, New York, Water System Revenue Bonds, Series 2015A: 
 
 
 
1,325 
  
5.000%, 4/01/40 
4/25 at 100.00 
AA– 
1,604,774 
1,950 
  
5.000%, 4/01/45 
4/25 at 100.00 
AA– 
2,351,466 
127,350 
  
Total Water and Sewer 
 
 
155,447,730 
$ 2,186,187 
  
Total Long-Term Investments (cost $1,905,574,861) 
 
 
2,106,662,816 
 
Principal 
  
 
Optional Call 
 
 
Amount (000) 
  
Description (1) 
Provisions (2) 
Ratings (3) 
Value 
 
  
SHORT-TERM INVESTMENTS – 4.2% (2.6% of Total Investments) 
 
 
 
           
 
  
MUNICIPAL BONDS – 4.2% (2.6% of Total Investments) 
 
 
 
$ 19,630 
  
Nassau Health Care Corporation, New York, County Guaranteed Health System 
No Opt. Call 
AA+ 
$ 19,630,000 
 
  
Revenue Bonds, Variable Rate Demand Obligations, Series 2009B-1, 
 
 
 
 
  
0.390%, 8/01/29 (8) 
 
 
 
13,300 
  
New York City Municipal Water Finance Authority, New York, Water and Sewer 
No Opt. Call 
VMIG-1 
13,300,000 
 
  
System Revenue Bonds, Second Generation Resolution, Variable Rate Demand 
 
 
 
 
  
Obligations, Series 2008BB-CC, 0.380%, 6/15/36 (8) 
 
 
 
23,740 
  
Onondaga County Industrial Development Agency, New York, Civic Facility Revenue 
No Opt. Call 
VMIG-1 
23,740,000 
 
  
Bonds, Variable Rate Demand Obligations, Syracuse University Project, 
 
 
 
 
  
Series 2008B, 0.410%, 7/01/37 (8) 
 
 
 
$ 56,670 
  
Total Short-Term Investments (cost $56,670,000) 
 
 
56,670,000 
 
  
Total Investments (cost $1,962,244,861) – 160.5% 
 
 
2,163,332,816 
 
  
Floating Rate Obligations – (2.5)% 
 
 
(34,325,000) 
 
  
Institutional MuniFund Term Preferred Shares, at Liquidation Preference – (5.9)% (6) 
 
(79,000,000) 
 
  
Variable Rate Demand Preferred Shares, at Liquidation Preference – (49.3)% (7) 
 
(663,800,000) 
 
  
Other Assets Less Liabilities – (2.8)% 
 
 
(38,435,757) 
 
  
Net Assets Applicable to Common Shares – 100% 
 
 
$ 1,347,772,059 
 

Fair Value Measurements
Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The inputs or methodologies used for valuing securities are not an indication of the risk associated with investing in those securities.
The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
 
Level 1 
Level 2 
Level 3 
Total 
Long-Term Investments: 
 
 
 
 
Municipal Bonds 
$ — 
$2,106,662,816 
$ — 
$2,106,662,816 
Short-Term Investments: 
 
 
 
 
Municipal Bonds 
— 
56,670,000 
— 
56,670,000 
Total 
$ — 
$2,163,332,816 
$ — 
$2,163,332,816 
 
Income Tax Information
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
As of June 30, 2016, the cost of investments was $1,925,780,175.
Gross unrealized appreciation and gross unrealized depreciation of investments as of June 30, 2016, were as follows:
   
Gross unrealized: 
 
Appreciation 
$210,906,493 
Depreciation 
(7,679,415) 
Net unrealized appreciation (depreciation) of investments 
$203,227,078 
 
(1) 
  
All percentages shown in the Portfolio of Investments are based on net assets applicable to common 
 
  
shares unless otherwise noted. 
(2) 
  
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. 
 
  
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities 
 
  
may be subject to periodic principal paydowns. 
(3) 
  
For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group 
 
  
(“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings 
 
  
below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment 
 
  
grade. Holdings designated N/R are not rated by any of these national rating agencies. 
(4) 
  
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for 
 
  
investments in inverse floating rate transactions. 
(5) 
  
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, 
 
  
which ensure the timely payment of principal and interest. Certain bonds backed by U.S. Government or 
 
  
agency securities are regarded as having an implied rating equal to the ratings of such securities. 
(6) 
  
Institutional MuniFund Term Preferred Shares, at Liquidation Preference as a percentage of Total 
 
  
Investments is 3.7%. 
(7) 
  
Variable Rate Demand Preferred Shares, at Liquidation Preference as a percentage of Total Investments 
 
  
is 30.7%. 
(8) 
  
Investment has a maturity of more than one year, but has variable rate and/or demand features which 
 
  
qualify it as a short-term investment. The rate disclosed is that in effect as of the end of the reporting 
 
  
period. This rate changes periodically based on market conditions or a specified market index. 
(ETM) 
  
Escrowed to maturity. 
(IF) 
  
Inverse floating rate investment. 
(UB) 
  
Underlying bond of an inverse floating rate trust reflected as a financing transaction. 
(WI/DD) 
  
Investment, or portion of investment, purchased on a when-issued or delayed delivery basis. 
 
 
Item 2. Controls and Procedures.

a.  
The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
 
b.  
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) 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.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.

 
 
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.
 
(Registrant)  Nuveen New York AMT-Free Municipal Income Fund 
 
By (Signature and Title) /s/ Kevin J. McCarthy                    
       Kevin J. McCarthy
     Vice President and Secretary
                                         
Date:         August 29, 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 (Signature and Title) /s/ Gifford R. Zimmerman            
       Gifford R. Zimmerman
     Chief Administrative Officer (principal executive officer)
                        
Date:         August 29, 2016        
 
By (Signature and Title) /s/ Stephen D. Foy                         
 
     Stephen D. Foy
     Vice President and Controller (principal financial officer)
                                                                                         
Date:         August 29, 2016