Portfolio of Investments (Unaudited)
|
|||||
Nuveen Virginia Premium Income Municipal Fund (NPV)
|
|||||
February 28, 2011
|
|||||
Principal
|
Optional Call
|
||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Consumer Staples – 3.1% (2.1% of Total Investments)
|
|||||
$ 6,640
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds,
|
6/17 at 100.00
|
Baa3
|
$ 3,871,054
|
|
Series 2007B1, 5.000%, 6/01/47
|
|||||
Education and Civic Organizations – 7.1% (4.8% of Total Investments)
|
|||||
2,000
|
District of Columbia, Revenue Bonds, National Public Radio, Series 2010A, 5.000%, 4/01/43
|
4/15 at 100.00
|
AA–
|
1,878,540
|
|
520
|
Lexington Industrial Development Authority, Virginia, Educational Facilities Revenue Bonds,
|
6/19 at 100.00
|
Aa2
|
522,231
|
|
VMI Dvelopment Board Project, Series 2006C, 5.000%, 12/01/36
|
|||||
1,000
|
Prince William County Industrial Development Authority, Virginia, Educational Facilities
|
10/13 at 101.00
|
A2
|
964,870
|
|
Revenue Bonds, Catholic Diocese of Arlington, Series 2003, 5.500%, 10/01/33
|
|||||
700
|
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities
|
12/12 at 101.00
|
BBB–
|
670,425
|
|
Financing Authority, Higher Education Revenue Refunding Bonds, Ana G. Mendez University
|
|||||
System, Series 2002, 5.375%, 12/01/21
|
|||||
2,815
|
The Rector and Visitors of the University of Virginia, General Revenue Bonds, Series 2005,
|
6/15 at 100.00
|
AAA
|
2,848,667
|
|
5.000%, 6/01/37
|
|||||
1,635
|
Virginia Commonwealth University, Revenue Bonds, Series 2004A, 5.000%, 5/01/17 –
|
5/14 at 101.00
|
Aa2
|
1,799,465
|
|
AMBAC Insured
|
|||||
250
|
Virginia Small Business Finance Authority, Educational Facilities Revenue Bonds, Roanoke
|
4/20 at 100.00
|
A–
|
252,098
|
|
College, Series 2011, 5.750%, 4/01/41 (WI/DD, Settling 3/02/11)
|
|||||
8,920
|
Total Education and Civic Organizations
|
8,936,296
|
|||
Energy – 0.7% (0.5% of Total Investments)
|
|||||
1,125
|
Virgin Islands Public Finance Authority, Revenue Bonds, Refinery Project Hovensa LLC, Series
|
1/15 at 100.00
|
Baa3
|
944,955
|
|
2007, 4.700%, 7/01/22 (Alternative Minimum Tax)
|
|||||
Health Care – 27.4% (18.7% of Total Investments)
|
|||||
2,000
|
Albemarle County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Martha
|
10/12 at 100.00
|
A3
|
1,901,920
|
|
Jefferson Hospital, Series 2002, 5.250%, 10/01/35
|
|||||
1,500
|
Arlington County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Virginia
|
7/20 at 100.00
|
A2
|
1,442,475
|
|
Hospital Center Arlington Health System, Refunding Series 2010, 5.000%, 7/01/31
|
|||||
650
|
Charlotte County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Halifax
|
9/17 at 100.00
|
A–
|
609,668
|
|
Regional Hospital Incorporated, Series 2007, 5.000%, 9/01/27
|
|||||
1,075
|
Chesterfield County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours
|
11/20 at 100.00
|
AA+
|
998,503
|
|
Health, Series 2010C-2, 5.000%, 11/01/42 – AGC Insured
|
|||||
1,705
|
Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Inova
|
5/19 at 100.00
|
AA+
|
1,765,152
|
|
Health System, Series 2009, Trust 11733, 14.807%, 11/15/29 (IF)
|
|||||
4,850
|
Fairfax County Industrial Development Authority, Virginia, Hospital Revenue Refunding Bonds,
|
No Opt. Call
|
AA+
|
5,115,392
|
|
Inova Health System, Series 1993A, 5.000%, 8/15/23
|
|||||
1,000
|
Fredericksburg Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds,
|
No Opt. Call
|
A3
|
1,054,680
|
|
MediCorp Health System, Series 2007, 5.250%, 6/15/23
|
|||||
1,250
|
Fredericksburg Industrial Development Authority, Virginia, Revenue Bonds, MediCorp Health
|
6/12 at 100.00
|
A3
|
1,173,300
|
|
System, Series 2002B, 5.125%, 6/15/33
|
|||||
1,000
|
Hanover County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Memorial
|
No Opt. Call
|
A3
|
1,102,020
|
|
Regional Medical Center, Series 1995, 6.375%, 8/15/18 – NPFG Insured
|
|||||
2,300
|
Harrisonburg Industrial Development Authority, Virginia, Hospital Facilities Revenue Bonds,
|
8/16 at 100.00
|
Baa1
|
2,088,837
|
|
Rockingham Memorial Hospital, Series 2006, 5.000%, 8/15/31 – AMBAC Insured
|
|||||
1,440
|
Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health
|
11/12 at 100.00
|
A–
|
1,414,584
|
|
System Inc., Series 2002A, 5.600%, 11/15/30
|
|||||
1,500
|
Henrico County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Bon
|
No Opt. Call
|
A–
|
1,655,085
|
|
Secours Health System, Series 1996, 6.250%, 8/15/20 – NPFG Insured
|
|||||
1,500
|
Manassas Industrial Development Authority, Virginia, Hospital Revenue Bonds, Prince William
|
4/13 at 100.00
|
A3
|
1,432,020
|
|
Hospital, Series 2002, 5.250%, 4/01/33
|
|||||
3,000
|
Roanoke Industrial Development Authority, Virginia, Hospital Revenue Bonds, Carilion Health
|
7/12 at 100.00
|
A+
|
3,128,850
|
|
System, Series 2002A, 5.500%, 7/01/19 – NPFG Insured
|
|||||
Stafford County Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds,
|
|||||
MediCorp Health System, Series 2006:
|
|||||
2,000
|
5.250%, 6/15/26
|
6/16 at 100.00
|
A3
|
1,998,800
|
|
1,010
|
5.250%, 6/15/31
|
6/16 at 100.00
|
A3
|
979,266
|
|
1,695
|
5.250%, 6/15/37
|
6/16 at 100.00
|
A3
|
1,587,181
|
|
850
|
Virginia Small Business Finance Authority, Healthcare Facilities Revenue Bonds, Sentara
|
5/20 at 100.00
|
AA
|
825,622
|
|
Healthcare, Refunding Series 2010, 5.000%, 11/01/40
|
|||||
2,210
|
Virginia Small Business Financing Authority, Wellmont Health System Project Revenue Bonds,
|
9/17 at 100.00
|
BBB+
|
1,895,141
|
|
Series 2007A, 5.250%, 9/01/37
|
|||||
540
|
Winchester Industrial Development Authority, Virginia, Hospital Revenue Bonds Valley Health
|
1/19 at 100.00
|
A+
|
534,762
|
|
System Obligated Group, Series 2009E, 5.625%, 1/01/44
|
|||||
1,425
|
Winchester Industrial Development Authority, Virginia, Hospital Revenue Bonds, Winchester
|
1/17 at 100.00
|
A+
|
1,427,038
|
|
Medical Center, Series 2007, 5.125%, 1/01/31
|
|||||
500
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care,
|
4/20 at 100.00
|
A3
|
472,690
|
|
Inc., Series 2010A, 5.625%, 4/15/39
|
|||||
35,000
|
Total Health Care
|
34,602,986
|
|||
Housing/Multifamily – 1.8% (1.2% of Total Investments)
|
|||||
1,320
|
Arlington County Industrial Development Authority, Virginia, Multifamily Housing Revenue
|
5/11 at 100.00
|
Aaa
|
1,323,326
|
|
Bonds, Patrick Henry Apartments, Series 2000, 6.050%, 11/01/32 (Mandatory put 11/01/20)
|
|||||
(Alternative Minimum Tax)
|
|||||
265
|
Virginia Housing Development Authority, Rental Housing Bonds, Series 2010C, 4.550%, 8/01/32
|
2/20 at 100.00
|
AA+
|
250,754
|
|
700
|
Waynesboro Redevelopment and Housing Authority, Virginia, Multifamily Housing Revenue Bonds,
|
No Opt. Call
|
AAA
|
650,797
|
|
Epworth Manor, GNMA Collateralized Series 2010, 5.000%, 10/20/51
|
|||||
2,285
|
Total Housing/Multifamily
|
2,224,877
|
|||
Housing/Single Family – 7.7% (5.3% of Total Investments)
|
|||||
290
|
Puerto Rico Housing Finance Authority, Mortgage-Backed Securities Program Home Mortgage
|
6/13 at 100.00
|
AAA
|
267,424
|
|
Revenue Bonds, Series 2003A, 4.875%, 6/01/34 (Alternative Minimum Tax)
|
|||||
665
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2001H-1, 5.350%,
|
7/11 at 100.00
|
AAA
|
665,785
|
|
7/01/31 – NPFG Insured
|
|||||
1,500
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2005C-2, 4.750%,
|
1/15 at 100.00
|
AAA
|
1,369,380
|
|
10/01/32 (Alternative Minimum Tax)
|
|||||
2,740
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2006 D1, 4.900%,
|
7/15 at 100.00
|
AAA
|
2,578,724
|
|
1/01/33 (Alternative Minimum Tax)
|
|||||
1,340
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2006, 4.800%,
|
7/15 at 100.00
|
AAA
|
1,258,930
|
|
7/01/29 (Alternative Minimum Tax)
|
|||||
3,900
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2007B, 4.750%,
|
7/16 at 100.00
|
AAA
|
3,562,416
|
|
7/01/32 (Alternative Minimum Tax)
|
|||||
10,435
|
Total Housing/Single Family
|
9,702,659
|
|||
Long-Term Care – 4.9% (3.4% of Total Investments)
|
|||||
2,765
|
Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Mortgage
|
10/17 at 100.00
|
N/R
|
2,389,596
|
|
Revenue Bonds, Goodwin House, Inc., Series 2007A, 5.125%, 10/01/37
|
|||||
800
|
Fairfax County Economic Development Authority, Virginia, Retirement Center Revenue Bonds,
|
10/16 at 100.00
|
A–
|
672,008
|
|
Greenspring Village, Series 2006A, 4.875%, 10/01/36
|
|||||
1,495
|
Henrico County Economic Development Authority, Virginia, GNMA Mortgage-Backed Securities
|
7/11 at 100.00
|
AAA
|
1,499,081
|
|
Program Assisted Living Revenue Bonds, Beth Sholom, Series 1999A, 5.900%, 7/20/29
|
|||||
Henrico County Economic Development Authority, Virginia, Residential Care Facility Revenue
|
|||||
Bonds, Westminster Canterbury of Richmond, Series 2006:
|
|||||
100
|
5.000%, 10/01/27
|
10/11 at 103.00
|
BBB–
|
92,851
|
|
1,345
|
5.000%, 10/01/35
|
No Opt. Call
|
BBB–
|
1,176,256
|
|
590
|
Industrial Development Authority of the County of Prince William, Virginia, Residential Care
|
1/17 at 100.00
|
N/R
|
365,570
|
|
Facility Revenue Bonds, Westminster at Lake, First Mortgage, Series 2006, 5.125%, 1/01/26
|
|||||
7,095
|
Total Long-Term Care
|
6,195,362
|
|||
Materials – 1.1% (0.8% of Total Investments)
|
|||||
500
|
Bedford County Industrial Development Authority, Virginia, Industrial Development Revenue Refunding
|
8/11 at 100.00
|
Ba3
|
461,035
|
|
Bonds, Nekoosa Packaging Corporation, Series 1998, 5.600%, 12/01/25 (Alternative Minimum Tax)
|
|||||
1,000
|
Goochland County Industrial Development Authority, Virginia, Industrial Development Revenue
|
6/11 at 100.00
|
Ba3
|
929,940
|
|
Refunding Bonds, Nekoosa Packaging Corporation Project, Series 1998, 5.650%, 12/01/25
|
|||||
(Alternative Minimum Tax)
|
|||||
1,500
|
Total Materials
|
1,390,975
|
|||
Tax Obligation/General – 17.1% (11.7% of Total Investments)
|
|||||
1,000
|
Bristol, Virginia, General Obligation Bonds, Refunding & Improvement Series 2010, 5.000%, 7/15/25
|
7/20 at 100.00
|
Aa3
|
1,087,730
|
|
Chesapeake, Virginia, General Obligation Bonds, Water and Sewerage Series 2003B:
|
|||||
1,880
|
5.000%, 6/01/21
|
6/13 at 100.00
|
AA+
|
1,954,655
|
|
2,060
|
5.000%, 6/01/23
|
6/13 at 100.00
|
AA+
|
2,121,635
|
|
105
|
Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2002A,
|
5/12 at 100.00
|
AAA
|
108,766
|
|
5.250%, 5/01/22
|
|||||
1,300
|
Newport News, Virginia, General Obligation Bonds, Series 2004C, 5.000%, 5/01/16
|
5/14 at 101.00
|
Aa1
|
1,435,850
|
|
3,600
|
Portsmouth, Virginia, General Obligation Bonds, Refunding Series 2010D, 5.000%, 7/15/34
|
7/20 at 100.00
|
AA
|
3,665,916
|
|
1,280
|
Portsmouth, Virginia, General Obligation Bonds, Series 2005A, 5.000%, 4/01/15 – NPFG Insured
|
No Opt. Call
|
AA
|
1,449,242
|
|
1,480
|
Richmond, Virginia, General Obligation Bonds, Series 2004A, 5.000%, 7/15/21 – AGM Insured
|
7/14 at 100.00
|
AA+
|
1,589,476
|
|
1,135
|
Suffolk, Virginia, General Obligation Bonds, Series 2005, 5.000%, 12/01/15
|
No Opt. Call
|
AA
|
1,299,496
|
|
2,000
|
Virginia Beach, Virginia, General Obligation Bonds, Series 2003B, 5.000%, 5/01/15
|
5/13 at 100.00
|
AAA
|
2,148,700
|
|
4,500
|
Virginia Beach, Virginia, General Obligation Bonds, Series 2008, 5.000%, 10/01/27 (UB)
|
10/17 at 100.00
|
AAA
|
4,711,860
|
|
20,340
|
Total Tax Obligation/General
|
21,573,326
|
|||
Tax Obligation/Limited – 27.7% (18.9% of Total Investments)
|
|||||
Buena Vista Public Recreational Facilities Authority, Virginia, Lease Revenue Bonds, Golf
|
|||||
Course Project, Series 2005A:
|
|||||
335
|
5.250%, 7/15/25 – ACA Insured
|
7/15 at 100.00
|
N/R
|
263,357
|
|
260
|
5.500%, 7/15/35 – ACA Insured
|
7/15 at 100.00
|
N/R
|
204,428
|
|
1,340
|
Culpeper Industrial Development Authority, Virginia, Lease Revenue Bonds, School Facilities
|
1/15 at 100.00
|
Aa3
|
1,410,618
|
|
Project, Series 2005, 5.000%, 1/01/20 – NPFG Insured
|
|||||
Cumberland County, Virginia, Certificates of Participation, Series 1997:
|
|||||
470
|
6.200%, 7/15/12
|
No Opt. Call
|
N/R
|
480,176
|
|
1,375
|
6.375%, 7/15/17
|
No Opt. Call
|
N/R
|
1,427,676
|
|
1,000
|
Dinwiddie County Industrial Development Authority, Virginia, Lease Revenue Bonds, Series
|
2/14 at 100.00
|
A
|
1,064,500
|
|
2004B, 5.125%, 2/15/16 – NPFG Insured
|
|||||
1,000
|
Fairfax County Economic Development Authority, Virginia, Lease Revenue Bonds, Joint Public
|
5/16 at 100.00
|
AA+
|
1,105,330
|
|
Uses Community Project, Series 2006, 5.000%, 5/15/18
|
|||||
Fairfax County Economic Development Authority, Virginia, Lease Revenue Bonds, Laurel Hill
|
|||||
Public Facilities Projects, Series 2003:
|
|||||
2,210
|
5.000%, 6/01/14
|
6/13 at 101.00
|
AA+
|
2,416,193
|
|
1,165
|
5.000%, 6/01/22
|
6/13 at 101.00
|
AA+
|
1,217,483
|
|
1,660
|
Front Royal and Warren County Industrial Development Authority, Virginia, Lease Revenue Bonds,
|
4/14 at 100.00
|
AA+
|
1,764,148
|
|
Series 2004B, 5.000%, 4/01/18 – AGM Insured
|
|||||
1,270
|
James City County Economic Development Authority, Virginia, Revenue Bonds, County Government
|
7/15 at 100.00
|
AA+
|
1,376,591
|
|
Projects, Series 2005, 5.000%, 7/15/19
|
|||||
445
|
Montgomery County Industrial Development Authority, Virginia, Public Facility Lease Revnue
|
2/18 at 100.00
|
AA–
|
451,875
|
|
Bonds, Public Projects Series 2008, 5.000%, 2/01/29
|
|||||
1,185
|
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2002D, 5.000%,
|
7/12 at 100.00
|
AA+
|
1,098,400
|
|
7/01/32 – AGM Insured
|
|||||
2,000
|
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.250%,
|
No Opt. Call
|
A3
|
1,864,940
|
|
7/01/31 – AMBAC Insured
|
|||||
5,000
|
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005A,
|
No Opt. Call
|
A3
|
441,750
|
|
0.000%, 7/01/43 – AMBAC Insured
|
|||||
5,875
|
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005C,
|
No Opt. Call
|
A3
|
1,821,544
|
|
0.000%, 7/01/28 – AMBAC Insured
|
|||||
Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding
|
|||||
Bonds, Series 2002D:
|
|||||
265
|
5.250%, 7/01/27
|
7/12 at 100.00
|
A3
|
251,867
|
|
320
|
5.250%, 7/01/36
|
7/12 at 100.00
|
A3
|
287,002
|
|
1,100
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
|
8/19 at 100.00
|
A+
|
1,099,934
|
|
2009A, 6.000%, 8/01/42
|
|||||
1,300
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
|
2/20 at 100.00
|
A+
|
1,220,687
|
|
2010A, 5.500%, 8/01/42
|
|||||
1,000
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
|
8/20 at 100.00
|
A+
|
1,000,660
|
|
2010C, 6.000%, 8/01/39
|
|||||
1,110
|
Spotsylvania County Industrial Development Authority, Virginia, Lease Revenue Bonds, School
|
8/13 at 100.00
|
N/R
|
1,123,908
|
|
Facilities, Series 2003B, 4.375%, 8/01/20 – AMBAC Insured
|
|||||
1,600
|
Stafford County and Staunton Industrial Development Authority, Virginia, Revenue Bonds, Virginia
|
8/16 at 100.00
|
A+
|
1,654,800
|
|
Municipal League and Virginia Association of Counties Finance Program, Series 2006A, 5.000%,
|
|||||
8/01/23 – NPFG Insured
|
|||||
2,500
|
Stafford County Economic Development Authority, Virginia, Lease Revenue Bonds, Public Facility
|
4/18 at 100.00
|
AA+
|
2,485,000
|
|
Projects, Series 2008, 5.000%, 4/01/33 – AGC Insured (UB)
|
|||||
700
|
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Subordinate
|
10/20 at 100.00
|
Baa2
|
664,902
|
|
Lien Series 2010B, 5.250%, 10/01/29
|
|||||
850
|
Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century
|
2/19 at 100.00
|
AA+
|
990,633
|
|
College Program, Series 2009, Trust 09-3B, 12.945%, 2/01/27 (IF)
|
|||||
850
|
Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century
|
2/19 at 100.00
|
AA+
|
976,582
|
|
College Program, Series 2009, Trust 09-4B, 12.945%, 2/01/28 (IF)
|
|||||
1,625
|
Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2005C,
|
8/15 at 100.00
|
AA+
|
1,819,675
|
|
5.000%, 8/01/17
|
|||||
775
|
Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program, Series
|
5/11 at 101.00
|
AA
|
787,578
|
|
2002A, 5.000%, 5/01/19
|
|||||
2,000
|
Virginia Transportation Board, Transportation Revenue Bonds, U.S. Route 58 Corridor
|
5/14 at 100.00
|
AA+
|
2,206,580
|
|
Development Program, Series 2004B, 5.000%, 5/15/15
|
|||||
42,585
|
Total Tax Obligation/Limited
|
34,978,817
|
|||
Transportation – 15.4% (10.6% of Total Investments)
|
|||||
1,200
|
Metropolitan Washington D.C. Airports Authority, Airport System Revenue Bonds, Series 2009C,
|
10/18 at 100.00
|
AA–
|
1,219,644
|
|
5.000%, 10/01/28
|
|||||
3,000
|
Metropolitan Washington D.C. Airports Authority, Airport System Revenue Bonds, Series 2010A,
|
No Opt. Call
|
AA–
|
3,031,770
|
|
5.000%, 10/01/30
|
|||||
2,500
|
Metropolitan Washington D.C. Airports Authority, System Revenue Bonds, Series 2007B, 5.000%,
|
10/17 at 100.00
|
AA–
|
2,337,250
|
|
10/01/35 – AMBAC Insured (Alternative Minimum Tax)
|
|||||
3,200
|
Metropolitan Washington D.C. Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
10/28 at 100.00
|
BBB+
|
1,824,192
|
|
Dulles Metrorail Capital Appreciation, Series 2010B, 0.000%, 10/01/44
|
|||||
4,000
|
Norfolk Airport Authority, Virginia, Airport Revenue Bonds, Series 2001A, 5.125%, 7/01/31 –
|
7/11 at 100.00
|
A3
|
3,997,200
|
|
FGIC Insured
|
|||||
1,000
|
Norfolk, Virginia, Parking System Revenue Bonds, Series 2005A, 5.000%, 2/01/23 – NPFG Insured
|
2/15 at 100.00
|
Baa1
|
989,350
|
|
2,500
|
Richmond Metropolitan Authority, Virginia, Revenue Refunding Bonds, Expressway System, Series
|
No Opt. Call
|
BBB
|
2,648,750
|
|
2002, 5.250%, 7/15/22 – FGIC Insured
|
|||||
285
|
Virginia Port Authority, Port Facilities Revenue Refunding Bonds Series 2010, 5.000%, 7/01/40
|
7/19 at 100.00
|
Aa3
|
282,811
|
|
1,260
|
Virginia Port Authority, Revenue Bonds, Port Authority Facilities, Series 2006, 5.000%,
|
7/13 at 100.00
|
Aa3
|
1,143,198
|
|
7/01/36 – FGIC Insured (Alternative Minimum Tax)
|
|||||
2,000
|
Virginia Resources Authority, Airports Revolving Fund Revenue Bonds, Series 2001A,
|
8/11 at 100.00
|
Aa2
|
2,006,780
|
|
5.250%, 8/01/23
|
|||||
20,945
|
Total Transportation
|
19,480,945
|
|||
U.S. Guaranteed – 23.8% (16.2% of Total Investments) (4)
|
|||||
750
|
Bristol, Virginia, General Obligation Utility System Revenue Bonds, Series 2002, 5.000%,
|
No Opt. Call
|
AA+ (4)
|
847,568
|
|
11/01/24 – AGM Insured (ETM)
|
|||||
Bristol, Virginia, Utility System Revenue Refunding Bonds, Series 2003:
|
|||||
1,705
|
5.250%, 7/15/14 (Pre-refunded 7/15/13) – NPFG Insured
|
7/13 at 100.00
|
Baa1 (4)
|
1,880,086
|
|
1,800
|
5.250%, 7/15/15 (Pre-refunded 7/15/13) – NPFG Insured
|
7/13 at 100.00
|
Baa1 (4)
|
1,984,842
|
|
2,775
|
5.250%, 7/15/23 (Pre-refunded 7/15/13) – NPFG Insured
|
7/13 at 100.00
|
Baa1 (4)
|
3,059,965
|
|
925
|
Fairfax County Water Authority, Virginia, Water Revenue Refunding Bonds, Series 2002, 5.375%,
|
4/12 at 100.00
|
AAA
|
973,664
|
|
4/01/19 (Pre-refunded 4/01/12)
|
|||||
1,355
|
Harrisonburg, Virginia, General Obligation Bonds, Public Safety and Steam Plant, Series 2002,
|
7/12 at 101.00
|
Aa2 (4)
|
1,453,021
|
|
5.000%, 7/15/19 (Pre-refunded 7/15/12) – FGIC Insured
|
|||||
60
|
Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health
|
11/12 at 100.00
|
A3 (4)
|
65,134
|
|
System Inc., Series 2002A, 5.600%, 11/15/30 (Pre-refunded 11/15/12)
|
|||||
Loudoun County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Loudoun
|
|||||
Hospital Center, Series 2002A:
|
|||||
375
|
6.000%, 6/01/22 (Pre-refunded 6/01/12)
|
6/12 at 101.00
|
N/R (4)
|
403,478
|
|
800
|
6.100%, 6/01/32 (Pre-refunded 6/01/12)
|
6/12 at 101.00
|
N/R (4)
|
861,752
|
|
1,185
|
Lynchburg, Virginia, General Obligation Bonds, Series 2004, 5.000%, 6/01/21 (Pre-refunded 6/01/14)
|
6/14 at 100.00
|
AA+ (4)
|
1,333,919
|
|
815
|
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2002D, 5.000%,
|
7/12 at 100.00
|
AAA
|
864,601
|
|
7/01/32 (Pre-refunded 7/01/12) – AGM Insured
|
|||||
Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding
|
|||||
Bonds, Series 2002D:
|
|||||
735
|
5.250%, 7/01/27 (Pre-refunded 7/01/12)
|
7/12 at 100.00
|
A3 (4)
|
780,136
|
|
880
|
5.250%, 7/01/36 (Pre-refunded 7/01/12)
|
7/12 at 100.00
|
A3 (4)
|
934,041
|
|
1,430
|
Roanoke, Virginia, General Obligation Public Improvement Bonds, Series 2002A, 5.000%, 10/01/17
|
10/12 at 101.00
|
AA (4)
|
1,546,431
|
|
(Pre-refunded 10/01/12)
|
|||||
420
|
Rockbridge County Industrial Development Authority, Virginia, Horse Center Revenue Refunding
|
7/11 at 100.00
|
B2 (4)
|
429,072
|
|
Bonds, Series 2001C, 6.850%, 7/15/21 (Pre-refunded 7/15/11)
|
|||||
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset-Backed Bonds,
|
|||||
Series 2005:
|
|||||
790
|
5.250%, 6/01/19 (Pre-refunded 6/01/12)
|
6/12 at 100.00
|
AAA
|
806,882
|
|
3,850
|
5.500%, 6/01/26 (Pre-refunded 6/01/15)
|
6/15 at 100.00
|
AAA
|
4,270,728
|
|
1,400
|
Virginia Beach Development Authority, Public Facilities Revenue Bonds, Series 2005A, 5.000%,
|
5/15 at 100.00
|
AA+ (4)
|
1,605,814
|
|
5/01/22 (Pre-refunded 5/01/15)
|
|||||
1,100
|
Virginia Beach, Virginia, General Obligation Bonds, Series 2005, 5.000%, 1/15/20
|
1/16 at 100.00
|
AAA
|
1,274,504
|
|
(Pre-refunded 1/15/16)
|
|||||
1,425
|
Virginia Beach, Virginia, General Obligation Public Improvement Bonds, Series 2001, 5.000%,
|
6/11 at 101.00
|
AAA
|
1,456,621
|
|
6/01/20 (Pre-refunded 6/01/11)
|
|||||
2,120
|
Virginia College Building Authority, Educational Facilities Revenue Bonds, Public Higher
|
9/11 at 100.00
|
AA+ (4)
|
2,170,774
|
|
Education Financing Program, Series 2001A, 5.000%, 9/01/26 (Pre-refunded 9/01/11)
|
|||||
965
|
Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program, Series
|
5/11 at 101.00
|
AA (4)
|
982,621
|
|
2002A, 5.000%, 5/01/19 (Pre-refunded 5/01/11)
|
|||||
27,660
|
Total U.S. Guaranteed
|
29,985,654
|
|||
Utilities – 2.0% (1.3% of Total Investments)
|
|||||
2,500
|
Mecklenburg County Industrial Development Authority, Virginia, Revenue Bonds, UAE Mecklenburg
|
10/12 at 100.00
|
Baa1
|
2,487,150
|
|
Cogeneration LP, Series 2002, 6.500%, 10/15/17 (Alternative Minimum Tax)
|
|||||
Water and Sewer – 6.5% (4.5% of Total Investments)
|
|||||
Fairfax County Water Authority, Virginia, Water Revenue Refunding Bonds, Series 2002:
|
|||||
105
|
5.375%, 4/01/19
|
4/12 at 100.00
|
AAA
|
109,493
|
|
800
|
5.000%, 4/01/27
|
4/12 at 100.00
|
AAA
|
809,928
|
|
1,000
|
Loudoun County Sanitation Authority, Virginia, Water and Sewerage System Revenue Bonds, Series
|
1/15 at 100.00
|
AAA
|
1,039,750
|
|
2004, 5.000%, 1/01/26
|
|||||
Norfolk, Virginia, Water Revenue Refunding Bonds, Series 2001:
|
|||||
1,310
|
5.000%, 11/01/21 – FGIC Insured
|
11/11 at 100.00
|
AA+
|
1,341,150
|
|
1,380
|
5.000%, 11/01/22 – FGIC Insured
|
11/11 at 100.00
|
AA+
|
1,410,029
|
|
1,800
|
Virginia Beach, Virginia, Water and Sewer System Revenue Bonds, Series 2005, 5.000%, 10/01/30
|
10/15 at 100.00
|
AAA
|
1,822,734
|
|
1,515
|
Virginia State Resources Authority, Clean Water Revenue Bonds, Series 2007, Trust 3036,
|
No Opt. Call
|
AAA
|
1,688,450
|
|
13.279%, 10/01/15 (IF)
|
|||||
7,910
|
Total Water and Sewer
|
8,221,534
|
|||
$ 194,940
|
Total Investments (cost $186,938,847) – 146.3%
|
184,596,590
|
|||
Floating Rate Obligations – (3.7)%
|
(4,630,000)
|
||||
MuniFund Term Preferred Shares, at Liquidation Value – (25.5)% (5)
|
(32,205,000)
|
||||
Other Assets Less Liabilities – 3.2%
|
4,007,329
|
||||
Auction Rate Preferred Shares, at Liquidation Value – (20.3)% (5)
|
(25,550,000)
|
||||
Net Assets Applicable to Common Shares – 100%
|
$ 126,218,919
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Investments:
|
||||
Municipal Bonds
|
$ —
|
$184,596,590
|
$ —
|
$184,596,590
|
During the period ended February 28, 2011, the Fund recognized no significant transfers to/from Level 1,
|
||||
Level 2 or Level 3.
|
Gross unrealized:
|
|
Appreciation
|
$ 5,608,394
|
Depreciation
|
(7,849,400)
|
Net unrealized appreciation (depreciation) of investments
|
$(2,241,006)
|
(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)
|
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investor 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)
|
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. Such investments are normally considered to be
|
||
equivalent to AAA rated securities.
|
||
(5)
|
MuniFund Term Preferred Shares and Auction Rate Preferred Shares, at Liquidation Value as a percentage
|
|
of Total Investments are 17.5% and 13.8%, respectively.
|
||
N/R
|
Not rated.
|
|
WI/DD
|
Purchased on a when-issued or delayed delivery basis.
|
|
(ETM)
|
Escrowed to maturity.
|
|
(IF)
|
Inverse floating rate investment.
|
|
(UB)
|
Underlying bond of an inverse floating rate trust reflected as a financing transaction.
|
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.
|