Portfolio of Investments (Unaudited)
|
|||||
Nuveen Municipal Income Fund, Inc. (NMI)
|
|||||
July 31, 2013
|
|||||
Principal
|
Optional Call
|
||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Alabama – 1.7%
|
|||||
$ 1,000
|
Courtland Industrial Development Board, Alabama, Solid Waste Revenue Bonds, International
|
6/15 at 100.00
|
BBB
|
$ 1,016,350
|
|
Paper Company Project, Series 2005A, 5.200%, 6/01/25 (Alternative Minimum Tax)
|
|||||
500
|
Jefferson County, Alabama, Limited Obligation School Warrants, Education Tax Revenue Bonds,
|
1/14 at 100.00
|
AA
|
498,985
|
|
Series 2004A, 5.250%, 1/01/23 – AGM Insured
|
|||||
1,500
|
Total Alabama
|
1,515,335
|
|||
Arizona – 0.6%
|
|||||
500
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc
|
No Opt. Call
|
A–
|
522,565
|
|
Prepay Contract Obligations, Series 2007, 5.250%, 12/01/28
|
|||||
California – 18.4%
|
|||||
5,530
|
Adelanto School District, San Bernardino County, California, General Obligation Bonds, Series
|
No Opt. Call
|
A+
|
3,816,972
|
|
1997A, 0.000%, 9/01/22 – NPFG Insured
|
|||||
Brea Olinda Unified School District, California, General Obligation Bonds, Series 1999A:
|
|||||
2,000
|
0.000%, 8/01/21 – FGIC Insured
|
No Opt. Call
|
Aa2
|
1,504,860
|
|
2,070
|
0.000%, 8/01/22 – FGIC Insured
|
No Opt. Call
|
Aa2
|
1,459,826
|
|
2,120
|
0.000%, 8/01/23 – FGIC Insured
|
No Opt. Call
|
Aa2
|
1,398,670
|
|
360
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los
|
12/18 at 100.00
|
B2
|
351,511
|
|
Angeles County Securitization Corporation, Series 2006A, 5.250%, 6/01/21
|
|||||
250
|
California Housing Finance Agency, California, Home Mortgage Revenue Bonds, Series 2007E,
|
2/17 at 100.00
|
BBB
|
222,090
|
|
4.800%, 8/01/37 (Alternative Minimum Tax)
|
|||||
2,500
|
California State Public Works Board, Lease Revenue Bonds, Department of Mental Health,
|
6/14 at 100.00
|
AAA
|
2,599,525
|
|
Coalinga State Hospital, Series 2004A, 5.000%, 6/01/25 (Pre-refunded 6/01/14)
|
|||||
375
|
California Statewide Communities Development Authority, Revenue Bonds, American Baptist Homes
|
10/19 at 100.00
|
BBB+
|
391,125
|
|
of the West, Series 2010, 6.000%, 10/01/29
|
|||||
1,000
|
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity
|
7/15 at 100.00
|
BBB–
|
990,630
|
|
Health System, Series 2005A, 5.000%, 7/01/39
|
|||||
1,000
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
6/17 at 100.00
|
B
|
780,900
|
|
Bonds, Series 2007A-1, 5.750%, 6/01/47
|
|||||
500
|
Lake Elsinore Public Finance Authority, California, Local Agency Revenue Refunding Bonds,
|
10/13 at 102.00
|
N/R
|
507,690
|
|
Series 2003H, 6.375%, 10/01/33
|
|||||
250
|
Madera County, California, Certificates of Participation, Children’s Hospital Central
|
3/20 at 100.00
|
A+
|
253,318
|
|
California, Series 2010, 5.375%, 3/15/36
|
|||||
300
|
M-S-R Energy Authority, California, Gas Revenue Bonds, Series 2009A, 7.000%, 11/01/34
|
No Opt. Call
|
A
|
364,488
|
|
250
|
Ridgecrest Redevelopment Agency, California, Ridgecrest Redevelopment Project Tax Allocation
|
6/20 at 100.00
|
A–
|
262,983
|
|
Bonds, Refunding Series 2010, 6.125%, 6/30/37
|
|||||
385
|
San Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds,
|
2/21 at 100.00
|
A–
|
435,377
|
|
Mission Bay North Redevelopment Project, Series 2011C, 6.000%, 8/01/24
|
|||||
1,000
|
Union City Community Redevelopment Agency, California, Tax Allocation Revenue Bonds,
|
12/21 at 100.00
|
A
|
1,126,010
|
|
Redevelopment Project, Subordinate Lien Series 2011, 6.000%, 12/01/22
|
|||||
19,890
|
Total California
|
16,465,975
|
|||
Colorado – 8.5%
|
|||||
1,000
|
Adams State College, Colorado, Institutional Enterprise Revenue Bonds, Series 2012,
|
5/22 at 100.00
|
Aa2
|
1,035,900
|
|
5.000%, 5/15/37
|
|||||
105
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds,
|
6/14 at 100.00
|
A
|
102,540
|
|
University of Northern Colorado Lab School, Series 2004, 5.000%, 6/01/33 – SYNCORA GTY Insured
|
|||||
1,000
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of
|
1/20 at 100.00
|
AA
|
997,050
|
|
Leavenworth Health Services Corporation, Series 2010A, 5.000%, 1/01/40
|
|||||
1,000
|
Colorado Health Facilities Authority, Revenue Bonds, Evangelical Lutheran Good Samaritan
|
6/16 at 100.00
|
A–
|
972,100
|
|
Society, Series 2005, 5.000%, 6/01/35
|
|||||
175
|
Commerce City Northern Infrastructure General Improvement District, Colorado, General
|
12/22 at 100.00
|
AA–
|
153,662
|
|
Obligation Bonds, Series 2013, 4.000%, 12/01/38 – AGM Insured
|
|||||
1,750
|
Denver City and County, Colorado, Airport System Revenue Bonds, Series 2012B, 4.000%, 11/15/43
|
11/22 at 100.00
|
A+
|
1,468,740
|
|
1,000
|
Denver West Metropolitan District, Jefferson County, Colorado, General Obligation Refunding
|
12/22 at 100.00
|
AA–
|
922,450
|
|
Bonds, Series 2012A, 4.000%, 12/01/32 – AGM Insured
|
|||||
1,000
|
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue
|
12/20 at 100.00
|
AA–
|
1,067,650
|
|
Refunding Bonds, Series 2011, 6.125%, 12/01/41 – AGM Insured
|
|||||
520
|
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado Springs
|
No Opt. Call
|
A
|
609,279
|
|
Utilities, Series 2008, 6.125%, 11/15/23
|
|||||
250
|
Southlands Metropolitan District 1, Colorado, Limited Tax General Obligation Bonds, Series
|
12/17 at 100.00
|
N/R
|
217,295
|
|
2007, 5.250%, 12/01/34 – RAAI Insured
|
|||||
7,800
|
Total Colorado
|
7,546,666
|
|||
Connecticut – 1.0%
|
|||||
825
|
Capitol Region Education Council, Connecticut, Revenue Bonds, Series 1995, 6.750%, 10/15/15
|
10/13 at 100.00
|
BBB
|
828,457
|
|
95
|
Eastern Connecticut Resource Recovery Authority, Solid Waste Revenue Bonds, Wheelabrator
|
No Opt. Call
|
BBB
|
95,095
|
|
Lisbon Project, Series 1993A, 5.500%, 1/01/14 (Alternative Minimum Tax)
|
|||||
920
|
Total Connecticut
|
923,552
|
|||
District of Columbia – 0.7%
|
|||||
570
|
District of Columbia, Revenue Bonds, Association of Amercian Medical Colleges, Series 2011A,
|
10/23 at 100.00
|
A+
|
585,515
|
|
5.000%, 10/01/30
|
|||||
Florida – 5.6%
|
|||||
750
|
Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter
|
9/23 at 100.00
|
BBB–
|
663,893
|
|
Academy, Inc. Project, Series 2013A, 5.000%, 9/01/33
|
|||||
160
|
Brwoard County, Florida, Fuel System Revenue Bonds, Fort Lauderdale Fuel Facilities LLC
|
4/23 at 100.00
|
AA–
|
154,491
|
|
Project, Series 2013A, 5.000%, 4/01/38 – AGM Insured (Alternative Minimum Tax)
|
|||||
100
|
Dade County Industrial Development Authority, Florida, Revenue Bonds, Miami Cerebral Palsy
|
12/13 at 100.00
|
N/R
|
97,843
|
|
Residential Services Inc., Series 1995, 8.000%, 6/01/22
|
|||||
500
|
Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Nova Southeastern
|
4/21 at 100.00
|
Baa1
|
544,290
|
|
University, Refunding Series 2011, 6.375%, 4/01/31
|
|||||
885
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2010B,
|
10/20 at 100.00
|
AA–
|
903,098
|
|
5.000%, 10/01/35 – AGM Insured
|
|||||
545
|
Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Series 2012,
|
7/22 at 100.00
|
AA
|
552,412
|
|
5.000%, 7/01/42
|
|||||
1,000
|
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2013A, 5.000%,
|
10/22 at 100.00
|
Aa3
|
1,009,450
|
|
10/01/42 (WI/DD, Settling 8/02/13)
|
|||||
515
|
North Sumter County Utility Dependent District, Florida, Utility Revenue Bonds, Series 2010,
|
10/20 at 100.00
|
AA–
|
529,600
|
|
5.375%, 10/01/40
|
|||||
590
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Series 2006,
|
5/14 at 101.00
|
BB
|
554,659
|
|
5.400%, 5/01/37
|
|||||
5,045
|
Total Florida
|
5,009,736
|
|||
Georgia – 1.8%
|
|||||
830
|
Atlanta Urban Residential Finance Authority, Georgia, Multifamily Housing Revenue Bonds,
|
11/23 at 100.00
|
A–
|
742,501
|
|
Testletree Village Apartments, Series 2013A, 4.000%, 11/01/25
|
|||||
500
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 2009B, 5.250%, 11/01/34 –
|
11/19 at 100.00
|
AA–
|
517,995
|
|
AGM Insured
|
|||||
300
|
Main Street Natural Gas Inc., Georgia, Gas Project Revenue Bonds, Series 2006B, 5.000%, 3/15/22
|
No Opt. Call
|
A
|
321,180
|
|
1,630
|
Total Georgia
|
1,581,676
|
|||
Hawaii – 0.3%
|
|||||
250
|
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific
|
7/23 at 100.00
|
N/R
|
250,115
|
|
University, Series 2013A, 6.625%, 7/01/33
|
|||||
Illinois – 11.7%
|
|||||
340
|
Chicago, Illinois, Tax Increment Allocation Bonds, Irving/Cicero Redevelopment Project, Series
|
No Opt. Call
|
N/R
|
340,898
|
|
1998, 7.000%, 1/01/14
|
|||||
1,500
|
Illinois Development Finance Authority, Pollution Control Revenue Refunding Bonds – CIPS Debt,
|
12/13 at 100.00
|
BBB
|
1,502,625
|
|
Series 1993C-2, 5.950%, 8/15/26
|
|||||
1,000
|
Illinois Finance Authority, Revenue Bonds, Children’s Memorial Hospital, Tender Option Bond
|
No Opt. Call
|
AA–
|
1,129,280
|
|
Trust 1098, 18.492%, 8/15/15 – AGC Insured (IF) (5)
|
|||||
250
|
Illinois Finance Authority, Revenue Bonds, Palos Community Hospital, Series 2010C,
|
5/20 at 100.00
|
AA–
|
255,660
|
|
5.125%, 5/15/35
|
|||||
80
|
Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series 2013A,
|
7/23 at 100.00
|
A–
|
80,390
|
|
5.500%, 7/01/28
|
|||||
450
|
Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group,
|
5/19 at 100.00
|
A
|
504,257
|
|
Series 2009C, 6.375%, 11/01/29
|
|||||
500
|
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Series
|
8/19 at 100.00
|
BBB+
|
542,215
|
|
2009, 7.000%, 8/15/44
|
|||||
250
|
Illinois Finance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, Inc.,
|
3/20 at 100.00
|
AA–
|
257,343
|
|
Series 2005 Remarketed, 5.250%, 3/01/30 – AGM Insured
|
|||||
1,000
|
Illinois Health Facilities Authority, Revenue Refunding Bonds, Elmhurst Memorial Healthcare,
|
1/14 at 100.00
|
Baa2
|
1,003,190
|
|
Series 2002, 5.500%, 1/01/22
|
|||||
500
|
Illinois State, General Obligation Bonds, Series 2013, 5.250%, 7/01/31
|
7/23 at 100.00
|
A–
|
501,125
|
|
220
|
Lombard Public Facilities Corporation, Illinois, Second Tier Conference Center and Hotel
|
1/16 at 100.00
|
CCC
|
94,136
|
|
Revenue Bonds, Series 2005B, 5.250%, 1/01/36
|
|||||
1,500
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
6/22 at 100.00
|
AAA
|
1,503,045
|
|
Refunding Bonds, Series 2012B, 5.000%, 6/15/52
|
|||||
1,305
|
North Chicago, Illinois, General Obligation Bonds, Series 2005B, 5.000%, 11/01/25 –
|
11/15 at 100.00
|
A
|
1,386,406
|
|
FGIC Insured
|
|||||
450
|
Quad Cities Regional Economic Development Authority, Illinois, Revenue Bonds, Augustana
|
10/22 at 100.00
|
Baa1
|
459,765
|
|
College, Series 2012, 5.000%, 10/01/27
|
|||||
800
|
Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series
|
6/21 at 100.00
|
A–
|
874,560
|
|
2010, 6.000%, 6/01/28
|
|||||
10,145
|
Total Illinois
|
10,434,895
|
|||
Indiana – 1.9%
|
|||||
525
|
Indiana Finance Authority, Educational Facilities Revenue Bonds, Drexel Foundation For
|
10/19 at 100.00
|
BB–
|
548,651
|
|
Educational Excellence, Inc., Series 2009A, 7.000%, 10/01/39
|
|||||
605
|
Indiana Finance Authority, Private Activity Bonds, Ohio River Bridges East End Crossing
|
7/23 at 100.00
|
BBB
|
545,359
|
|
Project, Series 2013A, 5.000%, 7/01/44 (Alternative Minimum Tax)
|
|||||
500
|
Vigo County Hospital Authority, Indiana, Hospital Revenue Bonds, Union Hospital, Inc., Series
|
9/21 at 100.00
|
N/R
|
567,730
|
|
2011, 8.000%, 9/01/41
|
|||||
1,630
|
Total Indiana
|
1,661,740
|
|||
Iowa – 0.9%
|
|||||
835
|
Iowa Higher Education Loan Authority, Private College Facility Revenue Bonds, University of
|
10/21 at 100.00
|
BBB–
|
845,003
|
|
Dubuque Project, Refunding Series 2011, 5.625%, 10/01/26
|
|||||
Kansas – 0.5%
|
|||||
480
|
Overland Park Development Corporation, Kansas, Second Tier Revenue Bonds, Overland Park
|
1/17 at 100.00
|
BB+
|
485,822
|
|
Convention Center, Series 2007B, 5.125%, 1/01/22 – AMBAC Insured
|
|||||
Kentucky – 3.0%
|
|||||
500
|
Kentucky Economic Development Finance Authority, Hospital Facilities Revenue Bonds, Owensboro
|
6/20 at 100.00
|
BBB+
|
532,945
|
|
Medical Health System, Series 2010A, 6.500%, 3/01/45
|
|||||
310
|
Kentucky Housing Corporation, Housing Revenue Bonds, Series 2010C, 4.625%, 7/01/33
|
1/20 at 100.00
|
AAA
|
308,989
|
|
1,500
|
Louisville-Jefferson County Metropolitan Government, Kentucky, Health Facilities Revenue
|
2/18 at 100.00
|
Aaa
|
1,818,930
|
|
Bonds, Jewish Hospital & Saint Mary’s HealthCare Inc. Project, Series 2008, 6.125%, 2/01/37
|
|||||
(Pre-refunded 2/01/18)
|
|||||
2,310
|
Total Kentucky
|
2,660,864
|
|||
Louisiana – 1.0%
|
|||||
500
|
Louisiana Local Government Environmental Facilities and Community Development Authority,
|
1/19 at 100.00
|
AA–
|
521,430
|
|
Revenue Refunding Bonds, City of Shreveport Airport System Project, Series 2008A, 5.750%,
|
|||||
1/01/28 – AGM Insured
|
|||||
Louisiana Public Facilities Authority, Extended Care Facilities Revenue Bonds, Comm-Care
|
|||||
Corporation Project, Series 1994:
|
|||||
50
|
11.000%, 2/01/14 (ETM)
|
No Opt. Call
|
N/R (4)
|
52,588
|
|
275
|
11.000%, 2/01/14 (ETM)
|
No Opt. Call
|
N/R (4)
|
289,231
|
|
825
|
Total Louisiana
|
863,249
|
|||
Maryland – 1.4%
|
|||||
1,000
|
Maryland Economic Development Corporation, Economic Development Revenue Bonds, Transportation
|
6/20 at 100.00
|
Baa3
|
1,072,460
|
|
Facilities Project, Series 2010A, 5.750%, 6/01/35
|
|||||
210
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Patterson Park
|
7/20 at 100.00
|
BBB–
|
212,274
|
|
Public Charter School Issue, Series 2010, 6.000%, 7/01/40
|
|||||
1,210
|
Total Maryland
|
1,284,734
|
|||
Michigan – 1.6%
|
|||||
355
|
Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds,
|
7/22 at 100.00
|
BBB+
|
325,418
|
|
Refunding Senior Lien Series 2012A, 5.250%, 7/01/39
|
|||||
1,025
|
Michigan State Building Authority, Revenue Refunding Bonds, Facilities Program, Series
|
10/21 at 100.00
|
Aa3
|
1,077,275
|
|
2011-II-A, 5.375%, 10/15/36
|
|||||
1,380
|
Total Michigan
|
1,402,693
|
|||
Mississippi – 0.5%
|
|||||
500
|
Mississippi Business Finance Corporation, Pollution Control Revenue Refunding Bonds, System
|
10/13 at 100.00
|
BBB
|
498,010
|
|
Energy Resources Inc. Project, Series 1998, 5.875%, 4/01/22
|
|||||
Missouri – 7.4%
|
|||||
265
|
Hanley Road Corridor Transportation Development District, Brentwood and Maplewood, Missouri,
|
10/19 at 100.00
|
A–
|
274,948
|
|
Transportation Sales Revenue Bonds, Refunding Series 2009A, 5.875%, 10/01/36
|
|||||
4,450
|
Missouri Environmental Improvement and Energy Resources Authority, Water Facility Revenue
|
12/16 at 100.00
|
AA+
|
4,289,311
|
|
Bonds, Missouri-American Water Company, Series 2006, 4.600%, 12/01/36 – AMBAC Insured
|
|||||
(Alternative Minimum Tax) (UB) (5)
|
|||||
1,000
|
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds,
|
10/22 at 100.00
|
BBB–
|
934,830
|
|
Southwest Baptist University Project, Series 2012, 5.000%, 10/01/33
|
|||||
500
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Rockhurst University,
|
10/18 at 103.00
|
BBB–
|
550,520
|
|
Series 1999, 6.000%, 10/01/25
|
|||||
500
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Rockhurst University,
|
10/18 at 103.00
|
BBB–
|
556,640
|
|
Series 2011A, 5.250%, 10/01/20
|
|||||
6,715
|
Total Missouri
|
6,606,249
|
|||
Montana – 1.3%
|
|||||
1,200
|
Montana Board of Investments, Exempt Facility Revenue Bonds, Stillwater Mining Company, Series
|
1/14 at 100.00
|
B+
|
1,203,132
|
|
2000, 8.000%, 7/01/20 (Alternative Minimum Tax)
|
|||||
Nebraska – 0.5%
|
|||||
400
|
Nebraska Educational Finance Authority, Revenue Bonds, Clarkson College Project, Refunding
|
5/21 at 100.00
|
Aa3
|
413,244
|
|
Series 2011, 5.050%, 9/01/30
|
|||||
New Jersey – 0.4%
|
|||||
500
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
|
6/17 at 100.00
|
B2
|
364,935
|
|
Series 2007-1A, 4.750%, 6/01/34
|
|||||
New York – 3.8%
|
|||||
630
|
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue
|
1/20 at 100.00
|
BBB–
|
695,980
|
|
Bonds, Barclays Center Project, Series 2009, 6.250%, 7/15/40
|
|||||
400
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series
|
2/21 at 100.00
|
A
|
425,464
|
|
2011A, 5.750%, 2/15/47
|
|||||
265
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
|
12/20 at 100.00
|
BBB
|
293,938
|
|
Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/42
|
|||||
1,945
|
Yates County Industrial Development Agency, New York, FHA-Insured Civic Facility Mortgage
|
2/14 at 100.00
|
N/R
|
2,000,471
|
|
Revenue Bonds, Soldiers and Sailors Memorial Hospital, Series 2000A, 6.000%, 2/01/41
|
|||||
3,240
|
Total New York
|
3,415,853
|
|||
North Dakota – 0.4%
|
|||||
300
|
Fargo, North Dakota, Health System Revenue Bonds, Sanford Health, Refunding Series 2011,
|
11/21 at 100.00
|
A+
|
338,802
|
|
6.250%, 11/01/31
|
|||||
Ohio – 4.1%
|
|||||
520
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
|
6/17 at 100.00
|
B
|
389,163
|
|
Bonds, Senior Lien, Series 2007A-2, 5.875%, 6/01/47
|
|||||
1,000
|
Erie County, Ohio, Hospital Facilities Revenue Bonds, Firelands Regional Medical Center
|
8/16 at 100.00
|
A–
|
984,840
|
|
Project, Series 2006, 5.250%, 8/15/46
|
|||||
1,750
|
Middleburg Heights, Ohio, Hospital Facilities Revenue Bonds, Southwest General Health Center
|
8/21 at 100.00
|
A2
|
1,753,973
|
|
Project, Refunding Series 2011, 5.250%, 8/01/36
|
|||||
500
|
Montgomery County, Ohio, Health Care and Multifamily Housing Revenue Bonds, Saint Leonard,
|
4/20 at 100.00
|
BBB–
|
519,715
|
|
Refunding & improvement Series 2010, 6.375%, 4/01/30
|
|||||
3,770
|
Total Ohio
|
3,647,691
|
|||
Oregon – 1.0%
|
|||||
850
|
Portland, Oregon, River District Urban Renewal and Redevelopment Bonds, Series 2012C,
|
6/22 at 100.00
|
A1
|
888,352
|
|
5.000%, 6/15/29
|
|||||
Pennsylvania – 3.8%
|
|||||
1,000
|
Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Reading Hospital and Medical
|
5/22 at 100.00
|
AA
|
978,080
|
|
Center Project, Series 2012A, 5.000%, 11/01/40
|
|||||
1,000
|
Centre County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Mount Nittany Medical
|
No Opt. Call
|
A–
|
962,660
|
|
Center Project, Series 2012A, 5.000%, 11/15/47
|
|||||
460
|
Cumberland County Municipal Authority Revenue Bonds, Pennsylvania, Diakon Lutheran Social
|
1/19 at 100.00
|
BBB+
|
487,172
|
|
Ministries Project, Series 2009, 6.125%, 1/01/29
|
|||||
1,000
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Foundation for Student
|
7/22 at 100.00
|
BBB+
|
957,900
|
|
Housing at Indiana University, Project Series 2012A, 5.000%, 7/01/41
|
|||||
3,460
|
Total Pennsylvania
|
3,385,812
|
|||
Puerto Rico – 0.7%
|
|||||
640
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
|
8/19 at 100.00
|
A+
|
640,640
|
|
2009A, 6.000%, 8/01/42
|
|||||
Rhode Island – 1.1%
|
|||||
1,000
|
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,
|
12/13 at 100.00
|
BBB–
|
1,000,880
|
|
Series 2002A, 6.250%, 6/01/42
|
|||||
South Carolina – 0.7%
|
|||||
475
|
Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 1991, 6.750%,
|
No Opt. Call
|
Baa1 (4)
|
600,728
|
|
1/01/19 – FGIC Insured (ETM)
|
|||||
Tennessee – 1.1%
|
|||||
1,000
|
Sullivan County Health Educational and Housing Facilities Board, Tennessee, Revenue Bonds,
|
9/16 at 100.00
|
BBB+
|
995,320
|
|
Wellmont Health System, Series 2006C, 5.250%, 9/01/36
|
|||||
500
|
Sumner County Health, Educational, and Housing Facilities Board, Tennessee, Revenue Refunding
|
11/17 at 100.00
|
N/R
|
1,245
|
|
Bonds, Sumner Regional Health System Inc., Series 2007, 5.500%, 11/01/37 (6)
|
|||||
1,500
|
Total Tennessee
|
996,565
|
|||
Texas – 8.6%
|
|||||
1,500
|
Cameron Education Finance Corporation, Texas, Charter School Revenue Bonds, Faith Family
|
8/16 at 100.00
|
BBB–
|
1,318,095
|
|
Academy Charter School, Series 2006A, 5.250%, 8/15/36 – ACA Insured
|
|||||
105
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Refunding Series 2013A,
|
1/23 at 100.00
|
Baa2
|
99,728
|
|
5.000%, 1/01/43
|
|||||
335
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Frst Tier Series
|
10/23 at 100.00
|
BBB+
|
326,196
|
|
2013A, 5.125%, 10/01/43 (WI/DD, Settling 8/01/13)
|
|||||
350
|
Houston Higher Education Finance Corporation, Texas, Education Revenue Bonds, Cosmos
|
5/21 at 100.00
|
BBB
|
386,502
|
|
Foundation, Inc., Series 2011A, 6.500%, 5/15/31
|
|||||
1,000
|
Matagorda County Navigation District 1, Texas, Collateralized Revenue Refunding Bonds, Houston
|
10/13 at 101.00
|
A
|
1,015,320
|
|
Light and Power Company, Series 1995, 4.000%, 10/15/15 – NPFG Insured
|
|||||
North Texas Tollway Authority, Second Tier System Revenue Refunding Bonds, Tender Option
|
|||||
Bond Trust 1015:
|
|||||
850
|
20.388%, 1/01/38 (IF) (5)
|
1/18 at 100.00
|
A3
|
1,124,057
|
|
150
|
20.496%, 1/01/38 (IF) (5)
|
1/18 at 100.00
|
A3
|
202,232
|
|
200
|
North Texas Tollway Authority, Special Projects System Revenue Bonds, Series 2011A,
|
9/31 at 100.00
|
AA
|
133,168
|
|
0.000%, 9/01/43
|
|||||
270
|
SA Energy Acquisition Public Facilities Corporation, Texas, Gas Supply Revenue Bonds, Series
|
No Opt. Call
|
A
|
287,483
|
|
2007, 5.500%, 8/01/27
|
|||||
1,000
|
Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Series
|
No Opt. Call
|
A3
|
978,100
|
|
2012, 5.000%, 12/15/28
|
|||||
770
|
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, LBJ
|
6/20 at 100.00
|
Baa3
|
876,915
|
|
Infrastructure Group LLC IH-635 Managed Lanes Project, Series 2010, 7.000%, 6/30/40
|
|||||
405
|
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, NTE
|
12/19 at 100.00
|
Baa2
|
454,957
|
|
Mobility Partners LLC North Tarrant Express Managed Lanes Project, Series 2009,
|
|||||
6.875%, 12/31/39
|
|||||
500
|
Texas Public Finance Authority, Charter School Finance Corporation Revenue Bonds, Idea Public
|
8/17 at 100.00
|
BBB
|
464,980
|
|
School Project, Series 2007A, 5.000%, 8/15/37 – ACA Insured
|
|||||
45
|
West Texas Independent School District, McLennan and Hill Counties, General Obligation
|
8/13 at 51.84
|
AAA
|
23,370
|
|
Refunding Bonds, Series 1998, 0.000%, 8/15/25
|
|||||
7,480
|
Total Texas
|
7,691,103
|
|||
Virgin Islands – 0.5%
|
|||||
420
|
Virgin Islands Public Finance Authority, Matching Fund Revenue Loan Note – Diageo Project,
|
10/19 at 100.00
|
BBB
|
465,713
|
|
Series 2009A, 6.750%, 10/01/37
|
|||||
Virginia – 0.3%
|
|||||
250
|
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River
|
7/22 at 100.00
|
BBB–
|
252,735
|
|
Crossing, Opco LLC Project, Series 2012, 6.000%, 1/01/37 (Alternative Minimum Tax)
|
|||||
Washington – 0.6%
|
|||||
500
|
Washington State Health Care Facilities Authority, Revenue Bonds, Northwest Hospital and
|
12/17 at 100.00
|
N/R
|
501,570
|
|
Medical Center of Seattle, Series 2007, 5.700%, 12/01/32
|
|||||
Wisconsin – 5.0%
|
|||||
1,050
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Agnesian HealthCare,
|
7/23 at 100.00
|
A–
|
1,056,898
|
|
Inc., Series 2013B, 5.000%, 7/01/36
|
|||||
290
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Beloit Health System,
|
4/20 at 100.00
|
A–
|
283,408
|
|
Inc., Series 2010B, 5.000%, 4/01/30
|
|||||
755
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Gundersen Lutheran,
|
10/21 at 100.00
|
A+
|
757,182
|
|
Series 2011A, 5.250%, 10/15/39
|
|||||
1,385
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marquette University,
|
10/22 at 100.00
|
A2
|
1,293,243
|
|
Series 2012, 4.000%, 10/01/32
|
|||||
1,000
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Meriter Hospital, Inc.,
|
5/21 at 100.00
|
A+
|
1,048,409
|
|
Series 2011A, 5.500%, 5/01/31
|
|||||
4,480
|
Total Wisconsin
|
4,439,140
|
|||
$ 94,600
|
Total Investments (cost $87,944,889) – 102.4%
|
91,391,289
|
|||
Floating Rate Obligations – (3.7)%
|
(3,335,000)
|
||||
Other Assets Less Liabilities – 1.3%
|
1,176,450
|
||||
Net Assets – 100%
|
$ 89,232,739
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Long-Term Investments:
|
||||
Municipal Bonds
|
$ —
|
$91,391,289
|
$ —
|
$91,391,289
|
Gross unrealized:
|
|
Appreciation
|
$ 6,190,200
|
Depreciation
|
(2,542,021)
|
Net unrealized appreciation (depreciation) of investments
|
$ 3,648,179
|
(1)
|
All percentages shown in the Portfolio of Investments are based on net assets.
|
|
(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 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)
|
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 rating of such securities.
|
||
(5)
|
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for
|
|
investments in inverse floating rate transactions.
|
||
(6)
|
At or subsequent to the end of the reporting period, this security is non-income producing. Non-income
|
|
producing, in the case of a fixed-income security, generally denotes that the issuer has (1) defaulted on
|
||
the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the
|
||
Fund’s Adviser has concluded that the issue is not likely to meet its future interest payment obligations
|
||
and has directed the Fund’s custodian to cease accruing additional income on the Fund’s records.
|
||
WI/DD
|
Investment, or portion of investment, 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.
|