Portfolio of Investments (Unaudited)
|
|||||
Nuveen New York Municipal Value Fund, Inc. (NNY)
|
|||||
June 30, 2012
|
|||||
Principal
|
Optional Call
|
||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Consumer Discretionary – 1.4% (1.4% of Total Investments)
|
|||||
$ 275
|
New York City Industrial Development Agency, New York, Liberty Revenue Bonds,
|
9/15 at 100.00
|
BBB–
|
$ 281,421
|
|
IAC/InterActiveCorp, Series 2005, 5.000%, 9/01/35
|
|||||
1,950
|
Seneca Nation of Indians Capital Improvements Authority, New York, Special Obligation Bonds,
|
6/17 at 100.00
|
BB
|
1,971,353
|
|
Series 2007A, 5.000%, 12/01/23
|
|||||
2,225
|
Total Consumer Discretionary
|
2,252,774
|
|||
Consumer Staples – 2.0% (2.0% of Total Investments)
|
|||||
150
|
New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001,
|
12/12 at 100.00
|
A3
|
145,143
|
|
5.250%, 6/01/25
|
|||||
1,375
|
New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, Series 2003,
|
6/13 at 100.00
|
A1
|
1,368,304
|
|
5.750%, 6/01/33
|
|||||
365
|
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,
|
9/12 at 100.00
|
BBB+
|
364,978
|
|
Series 2002, 5.375%, 5/15/33
|
|||||
95
|
Rensselaer Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed
|
9/12 at 100.00
|
A3
|
91,113
|
|
Bonds, Series 2001A, 5.200%, 6/01/25
|
|||||
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006:
|
|||||
810
|
4.750%, 6/01/22
|
6/16 at 100.00
|
BBB+
|
806,169
|
|
345
|
5.000%, 6/01/26
|
6/16 at 100.00
|
BBB–
|
329,327
|
|
3,140
|
Total Consumer Staples
|
3,105,034
|
|||
Education and Civic Organizations – 15.6% (15.5% of Total Investments)
|
|||||
275
|
Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School, Series
|
7/17 at 100.00
|
BBB
|
282,590
|
|
2007A, 5.000%, 7/01/31
|
|||||
415
|
Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter
|
4/17 at 100.00
|
BBB–
|
388,681
|
|
Schools, Series 2007A, 5.000%, 4/01/37
|
|||||
1,350
|
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue
|
1/20 at 100.00
|
BBB–
|
1,518,980
|
|
Bonds, Barclays Center Project, Series 2009, 6.250%, 7/15/40
|
|||||
750
|
Buffalo and Erie County Industrial Land Development Corporation, New York, Tax-Exempt Revenue
|
12/20 at 100.00
|
BBB
|
874,755
|
|
Bonds, Enterprise Charter School Project, Series 2011A, 7.500%, 12/01/40
|
|||||
90
|
Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, St. Bonaventure
|
5/16 at 100.00
|
BBB–
|
93,169
|
|
University, Series 2006, 5.000%, 5/01/23
|
|||||
1,175
|
Dormitory Authority of the State of New York, General Revenue Bonds, Manhattan College, Series
|
7/17 at 100.00
|
N/R
|
1,186,903
|
|
2007A, 5.000%, 7/01/41 – RAAI Insured
|
|||||
1,000
|
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of
|
No Opt. Call
|
BBB
|
1,124,350
|
|
Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured
|
|||||
505
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
|
7/15 at 100.00
|
Aa2
|
551,142
|
|
Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured
|
|||||
525
|
Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series
|
7/20 at 100.00
|
A–
|
581,900
|
|
2010, 5.250%, 7/01/30
|
|||||
280
|
Dormitory Authority of the State of New York, Revenue Bonds, St. Joseph’s College, Series
|
7/20 at 100.00
|
Baa1
|
306,684
|
|
2010, 5.250%, 7/01/35
|
|||||
2,170
|
Dutchess County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bard
|
8/17 at 100.00
|
Baa1
|
2,254,261
|
|
College Refunding, Series 2007-A1, 5.000%, 8/01/46
|
|||||
265
|
Hempstead Town Industrial Development Agency, New York, Revenue Bonds, Adelphi University,
|
10/15 at 100.00
|
A
|
275,338
|
|
Civic Facility Project, Series 2005, 5.000%, 10/01/35
|
|||||
880
|
Hempstead Town Local Development Corporation, New York, Revenue Bonds, Molloy College
|
7/19 at 100.00
|
BBB+
|
965,114
|
|
Project, Series 2009, 5.750%, 7/01/39
|
|||||
Monroe County Industrial Development Corporation, New York, Revenue Bonds, St. John Fisher
|
|||||
College, Series 2011:
|
|||||
1,000
|
6.000%, 6/01/30
|
6/21 at 100.00
|
BBB+
|
1,109,190
|
|
1,000
|
6.000%, 6/01/34
|
6/21 at 100.00
|
BBB+
|
1,102,240
|
|
3,000
|
Monroe County Industrial Development Corporation, New York, Revenue Bonds, University of
|
7/21 at 100.00
|
Aa3
|
3,290,370
|
|
Rochester Project, Series 2011B, 5.000%, 7/01/41
|
|||||
245
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, St.
|
10/14 at 100.00
|
A–
|
252,274
|
|
Francis College, Series 2004, 5.000%, 10/01/34
|
|||||
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball
|
|||||
Stadium Project, Series 2006:
|
|||||
1,500
|
5.000%, 1/01/39 – AMBAC Insured
|
1/17 at 100.00
|
BB+
|
1,493,445
|
|
1,175
|
4.750%, 1/01/42 – AMBAC Insured
|
1/17 at 100.00
|
BB+
|
1,100,717
|
|
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium
|
|||||
Project, Series 2006:
|
|||||
1,610
|
4.500%, 3/01/39 – FGIC Insured
|
9/16 at 100.00
|
BBB
|
1,598,778
|
|
800
|
4.750%, 3/01/46 – NPFG Insured
|
9/16 at 100.00
|
BBB
|
801,000
|
|
1,100
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, YMCA of
|
8/12 at 100.00
|
A–
|
1,104,950
|
|
Greater New York, Series 2002, 5.250%, 8/01/21
|
|||||
170
|
Seneca County Industrial Development Authority, New York, Revenue Bonds, New York Chiropractic
|
10/17 at 100.00
|
BBB
|
177,483
|
|
College, Series 2007, 5.000%, 10/01/27
|
|||||
1,345
|
Tompkins County Development Corporation, New York, Revenue Bonds, Ithaca College, Series 2011,
|
1/21 at 100.00
|
Aa3
|
1,505,512
|
|
5.375%, 7/01/41 – AGM Insured
|
|||||
300
|
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute,
|
9/20 at 100.00
|
A–
|
326,256
|
|
Series 2010A, 5.125%, 9/01/40
|
|||||
22,925
|
Total Education and Civic Organizations
|
24,266,082
|
|||
Financials – 1.3% (1.3% of Total Investments)
|
|||||
400
|
Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series
|
No Opt. Call
|
A1
|
449,472
|
|
2005, 5.250%, 10/01/35
|
|||||
1,305
|
Liberty Development Corporation, New York, Goldman Sachs Headquarters Revenue Bonds Series
|
No Opt. Call
|
A1
|
1,523,574
|
|
2007, 5.500%, 10/01/37
|
|||||
1,705
|
Total Financials
|
1,973,046
|
|||
Health Care – 11.7% (11.6% of Total Investments)
|
|||||
990
|
Albany Industrial Development Agency, New York, Revenue Bonds, Saint Peter’s Hospital, Series
|
11/17 at 100.00
|
A3
|
1,096,544
|
|
2008D, 5.750%, 11/15/27
|
|||||
1,005
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore
|
2/15 at 100.00
|
BBB
|
1,092,134
|
|
Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured
|
|||||
995
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, New York
|
2/17 at 100.00
|
N/R
|
1,038,661
|
|
Hospital Medical Center of Queens, Series 2007, 4.650%, 8/15/27
|
|||||
700
|
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical
|
2/15 at 100.00
|
BBB
|
769,902
|
|
Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured
|
|||||
1,825
|
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, St. Lukes Roosevelt
|
8/15 at 100.00
|
N/R
|
1,917,856
|
|
Hospital, Series 2005, 4.900%, 8/15/31
|
|||||
350
|
Dormitory Authority of the State of New York, Highland Hospital of Rochester Revenue Bonds,
|
7/20 at 100.00
|
A2
|
380,898
|
|
Series 2010, 5.000%, 7/01/26
|
|||||
380
|
Dormitory Authority of the State of New York, Orange Regional Medical Center Obligated Group
|
12/18 at 100.00
|
Ba1
|
410,343
|
|
Revenue Bonds, Series 2008, 6.250%, 12/01/37
|
|||||
2,350
|
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan Kettering Cancer
|
7/16 at 100.00
|
Aa2
|
2,495,207
|
|
Center, Series 2006-1, 5.000%, 7/01/35
|
|||||
1,495
|
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian
|
8/14 at 100.00
|
AA–
|
1,644,395
|
|
Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured
|
|||||
2,100
|
Dormitory Authority of the State of New York, Revenue Bonds, NYU Hospitals Center, Series 2011A,
|
7/20 at 100.00
|
A–
|
2,429,658
|
|
6.000%, 7/01/40
|
|||||
500
|
Dormitory Authority of the State of New York, Revenue Bonds, South Nassau Communities
|
7/13 at 100.00
|
Baa1
|
509,350
|
|
Hospital, Series 2003B, 5.500%, 7/01/23
|
|||||
500
|
Dormitory Authority of the State of New York, Revenue Bonds, Winthrop-South Nassau University
|
7/13 at 100.00
|
Baa1
|
506,505
|
|
Hospital Association, Series 2003A, 5.500%, 7/01/32
|
|||||
290
|
Livingston County Industrial Development Agency, New York, Civic Facility Revenue Bonds,
|
9/12 at 100.00
|
BB
|
290,081
|
|
Nicholas H. Noyes Hospital, Series 2005, 6.000%, 7/01/30
|
|||||
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Oneida
|
|||||
Health System, Series 2007A:
|
|||||
280
|
5.250%, 2/01/27
|
2/17 at 100.00
|
BBB–
|
282,643
|
|
260
|
5.500%, 2/01/32
|
2/17 at 100.00
|
BBB–
|
264,459
|
|
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds,
|
|||||
Series 2003A:
|
|||||
1,175
|
5.250%, 2/15/21 – AMBAC Insured
|
2/13 at 100.00
|
Aa3
|
1,203,870
|
|
1,000
|
5.250%, 2/15/22 – AMBAC Insured
|
2/13 at 100.00
|
Aa3
|
1,028,410
|
|
295
|
Suffolk County Economic Development Corp / Nassau County Local Economic Assistance &
|
7/21 at 100.00
|
A–
|
330,987
|
|
Financing Corp., New York, Revenue Bonds, Catholic Health Services of Long Island Obligated
|
|||||
Group Project, Series 2011, 5.000%, 7/01/28
|
|||||
500
|
Yonkers Industrial Development Agency, New York, Revenue Bonds, St. John’s Riverside Hospital,
|
1/13 at 100.00
|
B+
|
500,400
|
|
Series 2001A, 7.125%, 7/01/31
|
|||||
16,990
|
Total Health Care
|
18,192,303
|
|||
Housing/Multifamily – 4.0% (4.0% of Total Investments)
|
|||||
345
|
East Syracuse Housing Authority, New York, FHA-Insured Section 8 Assisted Revenue Refunding
|
10/12 at 100.00
|
AA+
|
345,983
|
|
Bonds, Bennet Project, Series 2001A, 6.700%, 4/01/21
|
|||||
1,690
|
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds,
|
7/15 at 100.00
|
AA–
|
1,787,445
|
|
Series 2005A, 5.000%, 7/01/25 – FGIC Insured
|
|||||
1,000
|
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
|
5/19 at 100.00
|
AA
|
1,091,100
|
|
Series 2009C-1, 5.500%, 11/01/34
|
|||||
1,250
|
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
|
5/19 at 100.00
|
AA
|
1,325,225
|
|
Series 2009M, 5.150%, 11/01/45
|
|||||
440
|
New York State Housing Finance Agency, Secured Mortgage Program Multifamily Housing Revenue
|
8/12 at 100.00
|
Aa1
|
440,845
|
|
Bonds, Series 2001E, 5.600%, 8/15/20 (Alternative Minimum Tax)
|
|||||
1,275
|
Westchester County Industrial Development Agency, New York, GNMA Collateralized Mortgage
|
8/12 at 101.00
|
Aaa
|
1,303,688
|
|
Loan Revenue Bonds, Living Independently for the Elderly Inc., Series 2001A, 5.375%, 8/20/21
|
|||||
6,000
|
Total Housing/Multifamily
|
6,294,286
|
|||
Housing/Single Family – 1.4% (1.4% of Total Investments)
|
|||||
950
|
New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 130, 4.650%,
|
4/15 at 100.00
|
Aa1
|
967,965
|
|
4/01/27 (Alternative Minimum Tax)
|
|||||
360
|
New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 148, 5.200%,
|
10/17 at 100.00
|
Aa1
|
378,270
|
|
10/01/32 (Alternative Minimum Tax)
|
|||||
840
|
New York State Mortgage Agency, Mortgage Revenue Bonds, Thirty-Third Series A, 4.750%,
|
4/13 at 101.00
|
Aaa
|
856,027
|
|
4/01/23 (Alternative Minimum Tax)
|
|||||
2,150
|
Total Housing/Single Family
|
2,202,262
|
|||
Long-Term Care – 3.0% (3.0% of Total Investments)
|
|||||
2,000
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, W.K. Nursing
|
8/12 at 100.00
|
AAA
|
2,003,940
|
|
Home Corporation, Series 1996, 6.125%, 2/01/36
|
|||||
435
|
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of
|
2/17 at 103.00
|
AA+
|
471,858
|
|
Westchester Project, Series 2006, 5.200%, 2/15/41
|
|||||
270
|
Dormitory Authority of the State of New York, Non-State Supported Debt, Ozanam Hall of Queens
|
11/16 at 100.00
|
Ba3
|
247,118
|
|
Nursing Home Revenue Bonds, Series 2006, 5.000%, 11/01/31
|
|||||
135
|
Dormitory Authority of the State of New York, Revenue Bonds, Providence Rest, Series 2005,
|
7/15 at 100.00
|
N/R
|
115,578
|
|
5.000%, 7/01/35 – ACA Insured
|
|||||
150
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
|
9/12 at 100.00
|
N/R
|
150,306
|
|
Needs Facilities Pooled Program, Series 2000, 8.125%, 7/01/19
|
|||||
405
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
|
1/13 at 100.50
|
N/R
|
410,293
|
|
Needs Facilities Pooled Program, Series 2001A-1, 7.250%, 7/01/16
|
|||||
820
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
|
7/16 at 101.00
|
N/R
|
796,523
|
|
Needs Facilities Pooled Program, Series 2008A-1, 5.500%, 7/01/18
|
|||||
235
|
Suffolk County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
|
7/16 at 101.00
|
N/R
|
226,420
|
|
Needs Facilities Pooled Program, Series 2008-B1, 5.800%, 7/01/23
|
|||||
225
|
Yonkers Industrial Development Agency, New York, Civic Facilities Revenue Bonds, Special Needs
|
7/16 at 101.00
|
N/R
|
216,784
|
|
Facilities Pooled Program Bonds, Series 2008-C1, 5.800%, 7/01/23
|
|||||
4,675
|
Total Long-Term Care
|
4,638,820
|
|||
Materials – 0.2% (0.2% of Total Investments)
|
|||||
240
|
Jefferson County Industrial Development Agency, New York, Solid Waste Disposal Revenue Bonds,
|
12/13 at 100.00
|
BBB
|
250,435
|
|
International Paper Company Project, Series 2003A, 5.200%, 12/01/20 (Alternative Minimum Tax)
|
|||||
Tax Obligation/General – 10.0% (10.0% of Total Investments)
|
|||||
4,760
|
New York City, New York, General Obligation Bonds, Fiscal 2008 Series D, 5.125%, 12/01/25
|
12/17 at 100.00
|
AA
|
5,553,968
|
|
2,000
|
New York City, New York, General Obligation Bonds, Fiscal 2010 Series C, 5.000%, 8/01/23
|
8/19 at 100.00
|
AA
|
2,325,460
|
|
20
|
New York City, New York, General Obligation Bonds, Fiscal Series 2004C, 5.250%, 8/15/16
|
8/14 at 100.00
|
AA
|
22,003
|
|
1,000
|
New York City, New York, General Obligation Bonds, Fiscal Series 2004E, 5.000%, 11/01/19 –
|
11/14 at 100.00
|
AA
|
1,099,450
|
|
AGM Insured
|
|||||
2,000
|
New York City, New York, General Obligation Bonds, Fiscal Series 2005F-1, 5.000%, 9/01/19 –
|
9/15 at 100.00
|
AA
|
2,257,060
|
|
SYNCORA GTY Insured
|
|||||
2,795
|
New York City, New York, General Obligation Bonds, Fiscal Series 2007A, 5.000%, 8/01/25
|
8/16 at 100.00
|
AA
|
3,185,713
|
|
1,000
|
New York City, New York, General Obligation Bonds, Subseries G-1 Fiscal Series 2012,
|
No Opt. Call
|
AA
|
1,178,209
|
|
5.000%, 4/01/26
|
|||||
13,575
|
Total Tax Obligation/General
|
15,621,863
|
|||
Tax Obligation/Limited – 26.5% (26.4% of Total Investments)
|
|||||
1,000
|
Battery Park City Authority, New York, Lease Revenue Bonds, Senior Lien Series 2003A,
|
11/13 at 100.00
|
AAA
|
1,063,550
|
|
5.250%, 11/01/21
|
|||||
395
|
Dormitory Authority of the State of New York, Department of Health Revenue Bonds, Series 2005A,
|
7/15 at 100.00
|
AA–
|
441,898
|
|
5.250%, 7/01/24 – CIFG Insured
|
|||||
Dormitory Authority of the State of New York, Second General Resolution Consolidated Revenue
|
|||||
Bonds, City University System, Series 1993A:
|
|||||
1,000
|
5.750%, 7/01/18
|
No Opt. Call
|
AA–
|
1,176,530
|
|
1,400
|
6.000%, 7/01/20
|
No Opt. Call
|
AA–
|
1,756,398
|
|
275
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series
|
3/15 at 100.00
|
AAA
|
304,948
|
|
2005F, 5.000%, 3/15/21 – AGM Insured
|
|||||
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2002A:
|
|||||
2,000
|
5.250%, 11/15/25 – AGM Insured
|
11/12 at 100.00
|
AA
|
2,029,540
|
|
1,000
|
5.000%, 11/15/30
|
11/12 at 100.00
|
AA
|
1,014,900
|
|
1,500
|
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2009B,
|
11/19 at 100.00
|
AA
|
1,664,160
|
|
5.000%, 11/15/34
|
|||||
560
|
Monroe Newpower Corporation, New York, Power Facilities Revenue Bonds, Series 2003,
|
1/13 at 102.00
|
BBB
|
564,250
|
|
5.500%, 1/01/34
|
|||||
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local
|
|||||
Government Assistance Corporation, Series 2004A:
|
|||||
740
|
5.000%, 10/15/25 – NPFG Insured
|
10/14 at 100.00
|
AAA
|
804,232
|
|
550
|
5.000%, 10/15/26 – NPFG Insured
|
10/14 at 100.00
|
AAA
|
596,954
|
|
1,890
|
5.000%, 10/15/29 – AMBAC Insured
|
10/14 at 100.00
|
AAA
|
2,065,373
|
|
1,200
|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
|
1/17 at 100.00
|
AA–
|
1,310,568
|
|
Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
|
|||||
1,500
|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
|
1/19 at 100.00
|
AA–
|
1,667,610
|
|
Series 2009-S5, 5.250%, 1/15/39
|
|||||
4,075
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012
|
2/22 at 100.00
|
AAA
|
4,553,324
|
|
Series E-1, 5.000%, 2/01/42
|
|||||
385
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
|
2/13 at 100.00
|
AAA
|
394,798
|
|
Series 2003E, 5.000%, 2/01/23 – FGIC Insured
|
|||||
1,530
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
|
11/17 at 100.00
|
AAA
|
1,757,450
|
|
Series 2007C-1, 5.000%, 11/01/27
|
|||||
1,000
|
New York State Environmental Facilities Corporation, Infrastructure Revenue Bonds, Series
|
3/14 at 100.00
|
AA–
|
1,062,970
|
|
2003A, 5.000%, 3/15/21
|
|||||
2,100
|
New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds,
|
12/17 at 100.00
|
AAA
|
2,424,849
|
|
Series 2008A, 5.000%, 12/15/27 (UB)
|
|||||
840
|
New York State Housing Finance Agency, State Personal Income Tax Revenue Bonds, Economic
|
9/15 at 100.00
|
AAA
|
930,418
|
|
Development and Housing, Series 2006A, 5.000%, 3/15/36
|
|||||
1,000
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series
|
10/15 at 100.00
|
AA
|
1,129,690
|
|
2005B, 5.000%, 4/01/21 – AMBAC Insured
|
|||||
1,175
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2007,
|
10/17 at 100.00
|
AA
|
1,311,112
|
|
5.000%, 4/01/27
|
|||||
2,450
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2005B,
|
No Opt. Call
|
AA
|
3,104,983
|
|
5.500%, 4/01/20 – AMBAC Insured (UB)
|
|||||
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and
|
|||||
State Contingency Contract-Backed Bonds, Series 2003A-1:
|
|||||
1,800
|
5.250%, 6/01/20 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
1,879,452
|
|
2,000
|
5.250%, 6/01/22 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
2,088,280
|
|
1,000
|
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and
|
6/13 at 100.00
|
AA–
|
1,046,440
|
|
State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21
|
|||||
600
|
New York State Urban Development Corporation, Special Project Revenue Bonds, University
|
No Opt. Call
|
AA–
|
765,918
|
|
Facilities Grants, Series 1995, 5.875%, 1/01/21
|
|||||
2,000
|
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds,
|
3/21 at 100.00
|
AAA
|
2,303,720
|
|
Series 2011A, 5.000%, 3/15/29
|
|||||
36,965
|
Total Tax Obligation/Limited
|
41,214,315
|
|||
Transportation – 9.6% (9.5% of Total Investments)
|
|||||
2,500
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2007B,
|
11/17 at 100.00
|
A
|
2,680,375
|
|
5.000%, 11/15/33
|
|||||
500
|
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds,
|
11/12 at 100.00
|
A
|
509,090
|
|
Series 2002A, 5.500%, 11/15/19 – AMBAC Insured
|
|||||
1,500
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bronx
|
10/17 at 102.00
|
N/R
|
786,450
|
|
Parking Development Company, LLC Project, Series 2007, 5.875%, 10/01/46
|
|||||
1,100
|
New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds,
|
12/12 at 100.00
|
BB
|
1,055,384
|
|
British Airways PLC, Series 1998, 5.250%, 12/01/32 (Alternative Minimum Tax)
|
|||||
1,000
|
New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds, JFK
|
8/12 at 101.00
|
C
|
1,034,800
|
|
Airport – American Airlines Inc., Series 2002B, 8.500%, 8/01/28 (Alternative Minimum Tax)
|
|||||
700
|
New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds,
|
1/16 at 100.00
|
A3
|
737,303
|
|
Terminal One Group JFK Project, Series 2005, 5.500%, 1/01/24 (Alternative Minimum Tax)
|
|||||
1,000
|
New York City Industrial Development Agency, New York, Special Facility Revenue Bonds, JetBlue
|
9/12 at 100.00
|
B–
|
922,810
|
|
Airways Corporation Project, Series 2006, 5.125%, 5/15/30 (Alternative Minimum Tax)
|
|||||
660
|
New York Liberty Development Corporation, Liberty Revenue Bonds, 4 World Trade Center Project,
|
11/21 at 100.00
|
A+
|
713,038
|
|
Series 2011, 5.000%, 11/15/44
|
|||||
165
|
New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/30 –
|
1/15 at 100.00
|
A+
|
178,660
|
|
AMBAC Insured
|
|||||
400
|
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 –
|
7/15 at 100.00
|
AA–
|
441,116
|
|
AGM Insured
|
|||||
500
|
Niagara Frontier Airport Authority, New York, Airport Revenue Bonds, Buffalo Niagara International
|
10/12 at 100.00
|
BBB
|
505,450
|
|
Airport, Series 1999A, 5.625%, 4/01/29 – NPFG Insured (Alternative Minimum Tax)
|
|||||
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth
|
|||||
Series 2005:
|
|||||
1,000
|
5.000%, 12/01/28 – SYNCORA GTY Insured
|
6/15 at 101.00
|
Aa2
|
1,070,950
|
|
435
|
5.000%, 12/01/31 – SYNCORA GTY Insured
|
6/15 at 101.00
|
Aa2
|
463,462
|
|
325
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty
|
8/17 at 100.00
|
Aa2
|
445,419
|
|
Eighth Series 2008, Trust 2920, 17.352%, 8/15/32 – AGM Insured (IF)
|
|||||
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal
|
|||||
LLC Project, Eighth Series 2010:
|
|||||
225
|
6.500%, 12/01/28
|
12/15 at 100.00
|
BBB–
|
242,555
|
|
1,160
|
6.000%, 12/01/36
|
12/20 at 100.00
|
BBB–
|
1,303,295
|
|
Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue
|
|||||
Refunding Bonds, Series 2002E:
|
|||||
780
|
5.500%, 11/15/20 – NPFG Insured
|
No Opt. Call
|
A+
|
981,646
|
|
800
|
5.250%, 11/15/22 – NPFG Insured
|
11/12 at 100.00
|
A+
|
813,791
|
|
14,750
|
Total Transportation
|
14,885,594
|
|||
U.S. Guaranteed – 4.9% (4.8% of Total Investments) (4)
|
|||||
1,625
|
Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk
|
No Opt. Call
|
Aaa
|
1,841,044
|
|
County Issue, Series 1986, 7.375%, 7/01/16 (ETM)
|
|||||
25
|
Dormitory Authority of the State of New York, Suffolk County, Lease Revenue Bonds, Judicial
|
10/12 at 102.34
|
Baa1 (4)
|
27,431
|
|
Facilities, Series 1991A, 9.500%, 4/15/14 – FGIC Insured (ETM)
|
|||||
350
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo
|
5/14 at 100.00
|
AA– (4)
|
384,713
|
|
City School District, Series 2004, 5.750%, 5/01/26 (Pre-refunded 5/01/14) – AGM Insured
|
|||||
960
|
Metropolitan Transportation Authority, New York, Commuter Facilities Revenue Bonds, Series
|
9/12 at 100.00
|
N/R (4)
|
1,002,854
|
|
1997B, 5.000%, 7/01/20 – AMBAC Insured (ETM)
|
|||||
20
|
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
|
8/12 at 100.00
|
AA (4)
|
20,024
|
|
Series 2001A, 5.600%, 11/01/42 (Pre-refunded 8/17/12)
|
|||||
945
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
|
2/13 at 100.00
|
Aaa
|
971,885
|
|
Series 2003E, 5.000%, 2/01/23 (Pre-refunded 2/01/13) – FGIC Insured
|
|||||
730
|
New York City, New York, General Obligation Bonds, Fiscal Series 2004C, 5.250%, 8/15/16
|
8/14 at 100.00
|
Aa2 (4)
|
806,087
|
|
(Pre-refunded 8/15/14)
|
|||||
2,500
|
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Refunding Bonds,
|
11/12 at 100.00
|
AA– (4)
|
2,541,025
|
|
Series 2002B, 5.000%, 11/15/21 (Pre-refunded 11/15/12)
|
|||||
7,155
|
Total U.S. Guaranteed
|
7,595,063
|
|||
Utilities – 5.0% (5.0% of Total Investments)
|
|||||
1,000
|
Chautauqua County Industrial Development Agency, New York, Exempt Facility Revenue Bonds,
|
2/20 at 100.00
|
Baa3
|
1,104,630
|
|
NRG Dunkirk Power Project, Series 2009, 5.875%, 4/01/42
|
|||||
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
|
|||||
1,500
|
5.000%, 12/01/23 – FGIC Insured
|
6/16 at 100.00
|
A
|
1,679,100
|
|
1,500
|
5.000%, 12/01/24 – FGIC Insured
|
6/16 at 100.00
|
A
|
1,674,270
|
|
250
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,
|
6/16 at 100.00
|
A
|
262,550
|
|
5.000%, 12/01/35 – CIFG Insured
|
|||||
400
|
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A,
|
5/21 at 100.00
|
A
|
434,948
|
|
5.000%, 5/01/38
|
|||||
1,000
|
Nassau County Industrial Development Authority, New York, Keyspan Glenwood Energy Project,
|
6/13 at 100.00
|
A–
|
1,033,320
|
|
Series 2003, 5.250%, 6/01/27 (Alternative Minimum Tax)
|
|||||
500
|
Niagara County Industrial Development Agency, New York, Solid Waste Disposal Facility Revenue
|
9/12 at 100.00
|
Baa2
|
506,390
|
|
Bonds, American Ref-Fuel Company of Niagara LP, Series 2001A, 5.450%, 11/15/26 (Mandatory
|
|||||
put 11/15/12) (Alternative Minimum Tax)
|
|||||
250
|
Niagara County Industrial Development Agency, New York, Solid Waste Disposal Facility Revenue
|
9/12 at 100.00
|
Baa2
|
253,510
|
|
Bonds, American Ref-Fuel Company of Niagara LP, Series 2001C, 5.625%, 11/15/24 (Mandatory
|
|||||
put 11/15/14) (Alternative Minimum Tax)
|
|||||
25
|
Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%,
|
11/15 at 100.00
|
Aa2
|
28,483
|
|
11/15/19 – FGIC Insured
|
|||||
Suffolk County Industrial Development Agency, New York, Revenue Bonds, Nissequogue
|
|||||
Cogeneration Partners Facility, Series 1998:
|
|||||
270
|
5.300%, 1/01/13 (Alternative Minimum Tax)
|
9/12 at 100.00
|
N/R
|
270,043
|
|
575
|
5.500%, 1/01/23 (Alternative Minimum Tax)
|
1/13 at 100.00
|
N/R
|
574,947
|
|
7,270
|
Total Utilities
|
7,822,191
|
|||
Water and Sewer – 3.9% (3.9% of Total Investments)
|
|||||
4,440
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue
|
12/21 at 100.00
|
AA+
|
4,913,970
|
|
Bonds, Second Generation Resolution, Fiscal 2012 Series BB, 5.000%, 6/15/44
|
|||||
1,000
|
New York State Environmental Facilities Corporation, Revenue Bonds, State Revolving Funds
|
No Opt. Call
|
AAA
|
1,132,588
|
|
Master Financing, Series 2012B, 5.000%, 2/15/42
|
|||||
5,440
|
Total Water and Sewer
|
6,046,558
|
|||
$ 145,205
|
Total Investments (cost $146,227,132) – 100.5%
|
156,360,626
|
|||
Floating Rate Obligations – (2.1)%
|
(3,255,000)
|
||||
Other Assets Less Liabilities – 1.6%
|
2,520,692
|
||||
Net Assets Applicable to Common Shares – 100%
|
$ 155,626,318
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
Long-Term Investments:
|
||||||||||||||||
Municipal Bonds
|
$ | — | $ | 156,360,626 | $ | — | $ | 156,360,626 |
During the period ended June 30, 2012, the Fund recognized no significant transfers to or from Level 1,
|
Level 2 or Level 3.
|
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.
|
At June 30, 2012, the cost of investments was $142,632,050.
|
Gross unrealized appreciation and gross unrealized depreciation of investments at June 30, 2012, were
|
as follows:
|
Gross unrealized:
|
||||
Appreciation
|
$ | 11,169,570 | ||
Depreciation
|
(698,730 | ) | ||
Net unrealized appreciation (depreciation) of investments
|
$ | 10,470,840 |
(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 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.
|
||
N/R
|
Not rated.
|
|
(ETM)
|
Escrowed to maturity.
|
|
(IF)
|
Inverse floating rate investment.
|
|
(UB)
|
Underlying bond of an inverse floating rate trust reflected as a financing trasnaction.
|
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.
|