Portfolio of Investments (Unaudited)
|
|||||
Nuveen California Select Tax-Free Income Portfolio (NXC)
|
|||||
December 31, 2013
|
|||||
Principal
|
Optional Call
|
||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
LONG-TERM INVESTMENTS – 106.3%
|
|||||
MUNICIPAL BONDS – 106.3%
|
|||||
Consumer Staples – 3.8%
|
|||||
$ 95
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma
|
6/15 at 100.00
|
BB+
|
$ 88,861
|
|
County Tobacco Securitization Corporation, Series 2005, 4.250%, 6/01/21
|
|||||
385
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Revenue
|
3/14 at 100.00
|
A3
|
385,924
|
|
Bonds, Fresno County Tobacco Funding Corporation, Series 2002, 5.625%, 6/01/23
|
|||||
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
|||||
Bonds, Series 2007A-1:
|
|||||
1,065
|
5.750%, 6/01/47
|
6/17 at 100.00
|
B
|
791,497
|
|
385
|
5.125%, 6/01/47
|
6/17 at 100.00
|
B
|
261,889
|
|
1,095
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
6/22 at 100.00
|
B
|
788,280
|
|
Bonds, Series 2007A-2, 5.300%, 6/01/37
|
|||||
1,500
|
Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed
|
6/15 at 100.00
|
B–
|
1,053,705
|
|
Bonds, Series 2005A-1, 5.500%, 6/01/45
|
|||||
4,525
|
Total Consumer Staples
|
3,370,156
|
|||
Education and Civic Organizations – 3.9%
|
|||||
3,000
|
California Educational Facilities Authority, Revenue Bonds, Santa Clara University, Series
|
4/18 at 100.00
|
Aa3
|
3,184,980
|
|
2008A, 5.625%, 4/01/37
|
|||||
45
|
California Educational Facilities Authority, Revenue Bonds, University of Redlands, Series
|
10/15 at 100.00
|
A3
|
45,270
|
|
2005A, 5.000%, 10/01/35
|
|||||
35
|
California Educational Facilities Authority, Revenue Bonds, University of the Pacific, Series
|
11/15 at 100.00
|
A2
|
37,069
|
|
2006, 5.000%, 11/01/21
|
|||||
250
|
California Statewide Communities Development Authority, School Facility Revenue Bonds,
|
7/21 at 100.00
|
BBB–
|
263,228
|
|
Alliance College-Ready Public Schools, Series 2011A, 7.000%, 7/01/46
|
|||||
3,330
|
Total Education and Civic Organizations
|
3,530,547
|
|||
Health Care – 10.0%
|
|||||
235
|
California Health Facilities Financing Authority, Revenue Bonds, Rady Children’s Hospital –
|
8/21 at 100.00
|
A1
|
239,493
|
|
San Diego, Series 2011, 5.250%, 8/15/41
|
|||||
2,550
|
California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, Series 2007A,
|
11/16 at 100.00
|
AA–
|
2,538,831
|
|
5.250%, 11/15/46 (UB)
|
|||||
425
|
California Statewide Community Development Authority, Revenue Bonds, Childrens Hospital of Los
|
8/17 at 100.00
|
BBB+
|
380,141
|
|
Angeles, Series 2007, 5.000%, 8/15/47
|
|||||
545
|
California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,
|
8/16 at 100.00
|
A+
|
555,573
|
|
Series 2001C, 5.250%, 8/01/31
|
|||||
1,505
|
California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,
|
4/17 at 100.00
|
A+
|
1,490,837
|
|
Series 2007A, 4.750%, 4/01/33
|
|||||
540
|
Loma Linda, California, Hospital Revenue Bonds, Loma Linda University Medical Center, Series
|
12/17 at 100.00
|
BBB
|
585,625
|
|
2008A, 8.250%, 12/01/38
|
|||||
500
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009,
|
11/19 at 100.00
|
Baa3
|
512,420
|
|
6.625%, 11/01/29
|
|||||
1,100
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010,
|
11/20 at 100.00
|
Baa3
|
1,025,530
|
|
6.000%, 11/01/41
|
|||||
670
|
San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011,
|
12/21 at 100.00
|
BB
|
730,789
|
|
7.500%, 12/01/41
|
|||||
800
|
Upland, California, Certificates of Participation, San Antonio Community Hospital, Series
|
1/21 at 100.00
|
A
|
866,952
|
|
2011, 6.500%, 1/01/41
|
|||||
8,870
|
Total Health Care
|
8,926,191
|
|||
Housing/Multifamily – 0.9%
|
|||||
375
|
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects
|
8/20 at 100.00
|
BBB
|
385,496
|
|
Series 2010A, 6.400%, 8/15/45
|
|||||
395
|
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects
|
8/22 at 100.00
|
BBB
|
387,246
|
|
Series 2012A, 5.500%, 8/15/47
|
|||||
770
|
Total Housing/Multifamily
|
772,742
|
|||
Housing/Single Family – 0.0%
|
|||||
40
|
California Housing Finance Agency, Home Mortgage Revenue Bonds, Series 2006H, 5.750%,
|
2/16 at 100.00
|
A–
|
41,843
|
|
8/01/30 – FGIC Insured (Alternative Minimum Tax)
|
|||||
Industrials – 1.2%
|
|||||
1,015
|
California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Republic
|
No Opt. Call
|
BBB+
|
1,081,371
|
|
Services Inc., Series 2002C, 5.250%, 6/01/23 (Mandatory put 12/01/17) (Alternative Minimum Tax)
|
|||||
Tax Obligation/General – 38.6%
|
|||||
1,650
|
California State, General Obligation Bonds, Various Purpose Series 2009, 5.500%, 11/01/39
|
11/19 at 100.00
|
A1
|
1,771,325
|
|
1,965
|
California State, General Obligation Bonds, Various Purpose Series 2011, 5.000%, 10/01/41
|
10/21 at 100.00
|
A1
|
1,993,846
|
|
2,000
|
California State, General Obligation Bonds, Various Purpose Series 2012, 5.250%, 4/01/35
|
4/22 at 100.00
|
A1
|
2,110,740
|
|
6,225
|
Escondido Union High School District, San Diego County, California, General Obligation
|
No Opt. Call
|
Aa2
|
1,800,146
|
|
Refunding Bonds, Series 2009, 0.000%, 8/01/36 – AGM Insured
|
|||||
Golden West Schools Financing Authority, California, General Obligation Revenue Refunding
|
|||||
Bonds, School District Program, Series 1999A:
|
|||||
4,650
|
0.000%, 8/01/16 – NPFG Insured
|
No Opt. Call
|
A
|
4,334,497
|
|
1,750
|
0.000%, 2/01/17 – NPFG Insured
|
No Opt. Call
|
A
|
1,589,123
|
|
2,375
|
0.000%, 8/01/17 – NPFG Insured
|
No Opt. Call
|
A
|
2,113,370
|
|
2,345
|
0.000%, 2/01/18 – NPFG Insured
|
No Opt. Call
|
A
|
2,044,043
|
|
Mountain View-Los Altos Union High School District, Santa Clara County, California, General
|
|||||
Obligation Capital Appreciation Bonds, Series 1995C:
|
|||||
1,015
|
0.000%, 5/01/17 – NPFG Insured
|
No Opt. Call
|
Aa1
|
980,084
|
|
1,080
|
0.000%, 5/01/18 – NPFG Insured
|
No Opt. Call
|
Aa1
|
1,015,502
|
|
Palomar Pomerado Health, California, General Obligation Bonds, Convertible Capital
|
|||||
Appreciation, Election 2004 Series 2010A:
|
|||||
10,825
|
0.000%, 8/01/34
|
No Opt. Call
|
A+
|
3,270,665
|
|
3,250
|
0.000%, 8/01/35
|
No Opt. Call
|
A+
|
920,693
|
|
3,220
|
Sacramento City Unified School District, Sacramento County, California, General Obligation
|
7/15 at 100.00
|
A1
|
3,369,149
|
|
Bonds, Series 2005, 5.000%, 7/01/27 – NPFG Insured
|
|||||
8,075
|
San Bernardino Community College District, California, General Obligation Bonds, Election of
|
No Opt. Call
|
Aa2
|
1,347,960
|
|
2008 Series 2009B, 0.000%, 8/01/44
|
|||||
7,560
|
Southwestern Community College District, San Diego County, California, General Obligation
|
No Opt. Call
|
Aa2
|
1,140,124
|
|
Bonds, Election of 2008, Series 2011C, 0.000%, 8/01/46
|
|||||
2,565
|
Sunnyvale School District, Santa Clara County, California, General Obligation Bonds, Series
|
9/15 at 100.00
|
AA
|
2,730,802
|
|
2005A, 5.000%, 9/01/26 – AGM Insured
|
|||||
4,250
|
West Hills Community College District, California, General Obligation Bonds, School Facilities
|
8/31 at 100.00
|
AA–
|
2,108,595
|
|
Improvement District 3, 2008 Election Series 2011, 0.000%, 8/01/38 – AGM Insured
|
|||||
64,800
|
Total Tax Obligation/General
|
34,640,664
|
|||
Tax Obligation/Limited – 29.3%
|
|||||
1,000
|
Bell Community Redevelopment Agency, California, Tax Allocation Bonds, Bell Project Area,
|
3/14 at 100.00
|
N/R
|
844,500
|
|
Series 2003, 5.625%, 10/01/33 – RAAI Insured
|
|||||
2,000
|
California State Public Works Board, Lease Revenue Bonds, Department of Corrections &
|
9/23 at 100.00
|
A2
|
2,085,580
|
|
Rehabilitation, Various Correctional Facilities Series 2013F, 5.250%, 9/01/33
|
|||||
2,190
|
California State Public Works Board, Lease Revenue Bonds, Department of Corrections,
|
No Opt. Call
|
A
|
2,403,525
|
|
Calipatria State Prison, Series 1991A, 6.500%, 9/01/17 – NPFG Insured
|
|||||
1,500
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series
|
11/19 at 100.00
|
A2
|
1,715,325
|
|
2009-I, 6.375%, 11/01/34
|
|||||
120
|
Capistrano Unified School District, Orange County, California, Special Tax Bonds, Community
|
9/15 at 100.00
|
A
|
121,330
|
|
Facilities District 98-2, Series 2005, 5.000%, 9/01/24 – FGIC Insured
|
|||||
360
|
Chino Redevelopment Agency, California, Merged Chino Redevelopment Project Area Tax Allocation
|
9/16 at 101.00
|
A–
|
346,640
|
|
Bonds, Series 2006, 5.000%, 9/01/38 – AMBAC Insured
|
|||||
2,000
|
Escondido Joint Powers Financing Authority, California, Revenue Bonds, Water System Financing,
|
3/22 at 100.00
|
AA–
|
1,982,100
|
|
Series 2012, 5.000%, 9/01/41
|
|||||
1,000
|
Fontana Public Financing Authority, California, Tax Allocation Revenue Bonds, North Fontana
|
10/15 at 100.00
|
A
|
991,510
|
|
Redevelopment Project, Series 2005A, 5.000%, 10/01/32 – AMBAC Insured
|
|||||
270
|
Fontana Redevelopment Agency, Jurupa Hills Redevelopment Project, California, Tax Allocation
|
4/14 at 100.00
|
A–
|
270,219
|
|
Refunding Bonds, 1997 Series A, 5.500%, 10/01/27
|
|||||
250
|
Inglewood Redevelopment Agency, California, Tax Allocation Bonds, Merged Redevelopment
|
5/17 at 100.00
|
BBB+
|
246,140
|
|
Project, Subordinate Lien Series 2007A-1, 5.000%, 5/01/23 – AMBAC Insured
|
|||||
Irvine Unified School District, California, Special Tax Bonds, Community Facilities District
|
|||||
Series 2006A:
|
|||||
55
|
5.000%, 9/01/26
|
9/16 at 100.00
|
N/R
|
55,276
|
|
130
|
5.125%, 9/01/36
|
9/16 at 100.00
|
N/R
|
124,692
|
|
1,215
|
Los Angeles Community Redevelopment Agency, California, Lease Revenue Bonds, Manchester
|
9/15 at 100.00
|
A1
|
1,230,126
|
|
Social Services Project, Series 2005, 5.000%, 9/01/37 – AMBAC Insured
|
|||||
135
|
National City Community Development Commission, California, Tax Allocation Bonds, National
|
8/21 at 100.00
|
A–
|
158,256
|
|
City Redevelopment Project, Series 2011, 6.500%, 8/01/24
|
|||||
280
|
Norco Redevelopment Agency, California, Tax Allocation Bonds, Project Area 1, Refunding,
|
3/14 at 100.00
|
N/R
|
257,978
|
|
School District Pass-Through, Series 2004, 5.000%, 3/01/32 – RAAI Insured
|
|||||
1,000
|
Norco Redevelopment Agency, California, Tax Allocation Bonds, Project Area 1, Series 2009,
|
3/18 at 100.00
|
A
|
1,101,120
|
|
7.000%, 3/01/34
|
|||||
50
|
Novato Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field Redevelopment
|
9/21 at 100.00
|
BBB+
|
54,220
|
|
Project, Series 2011, 6.750%, 9/01/40
|
|||||
1,300
|
Orange County, California, Special Tax Bonds, Community Facilities District 03-1 of Ladera
|
No Opt. Call
|
N/R
|
1,300,195
|
|
Ranch, Series 2004A, 5.625%, 8/15/34
|
|||||
Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1,
|
|||||
Senior Series 2013A:
|
|||||
350
|
5.250%, 9/01/30
|
9/23 at 100.00
|
N/R
|
340,134
|
|
320
|
5.750%, 9/01/39
|
9/23 at 100.00
|
N/R
|
317,005
|
|
60
|
Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1,
|
9/23 at 100.00
|
N/R
|
58,864
|
|
Subordinate Lien Series 2013B , 5.875%, 9/01/39
|
|||||
Perris Union High School District Financing Authority, Riverside County, California, Revenue
|
|||||
Bonds, Series 2011:
|
|||||
50
|
6.000%, 9/01/33
|
9/14 at 100.00
|
N/R
|
50,669
|
|
100
|
6.125%, 9/01/41
|
9/14 at 100.00
|
N/R
|
100,505
|
|
415
|
Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community
|
9/18 at 100.00
|
BBB–
|
425,919
|
|
Development Project, Refunding Series 2008A, 6.500%, 9/01/28
|
|||||
160
|
Rancho Santa Fe CSD Financing Authority, California, Revenue Bonds, Superior Lien Series
|
9/21 at 100.00
|
BBB+
|
167,552
|
|
2011A, 5.750%, 9/01/30
|
|||||
30
|
Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project
|
10/21 at 100.00
|
A–
|
32,889
|
|
Area, Series 2011B, 6.500%, 10/01/25
|
|||||
605
|
Sacramento City Financing Authority, California, Lease Revenue Refunding Bonds, Series 1993A,
|
No Opt. Call
|
A
|
678,592
|
|
5.400%, 11/01/20 – NPFG Insured
|
|||||
1,365
|
San Diego County Regional Transportation Commission, California, Sales Tax Revenue Bonds,
|
4/22 at 100.00
|
AAA
|
1,426,821
|
|
Series 2012A, 5.000%, 4/01/42
|
|||||
25
|
San Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds,
|
2/21 at 100.00
|
A–
|
27,920
|
|
Mission Bay North Redevelopment Project, Series 2011C, 6.750%, 8/01/41
|
|||||
San Francisco Redevelopment Financing Authority, California, Tax Allocation Revenue Bonds,
|
|||||
Mission Bay South Redevelopment Project, Series 2011D:
|
|||||
25
|
7.000%, 8/01/33
|
2/21 at 100.00
|
BBB
|
26,855
|
|
30
|
7.000%, 8/01/41
|
2/21 at 100.00
|
BBB
|
31,771
|
|
615
|
San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment
|
8/17 at 100.00
|
A
|
621,396
|
|
Project, Series 2006C, 5.000%, 8/01/25 – NPFG Insured
|
|||||
3,000
|
San Mateo County Transit District, California, Sales Tax Revenue Bonds, Series 2005A, 5.000%,
|
6/15 at 100.00
|
AA
|
3,192,659
|
|
6/01/21 – NPFG Insured
|
|||||
1,000
|
Santa Clara County Board of Education, California, Certificates of Participation, Series 2002,
|
3/14 at 100.00
|
A
|
994,400
|
|
5.000%, 4/01/25 – NPFG Insured
|
|||||
1,000
|
Santa Clara Valley Transportation Authority, California, Sales Tax Revenue Bonds, Series
|
4/17 at 100.00
|
AA+
|
1,044,800
|
|
2007A, 5.000%, 4/01/36 – AMBAC Insured
|
|||||
40
|
Signal Hill Redevelopment Agency, California, Project 1 Tax Allocation Bonds, Series 2011,
|
4/21 at 100.00
|
N/R
|
41,936
|
|
7.000%, 10/01/26
|
|||||
1,000
|
Travis Unified School District, Solano County, California, Certificates of Participation,
|
9/16 at 100.00
|
Baa1
|
1,003,020
|
|
Series 2006, 5.000%, 9/01/26 – FGIC Insured
|
|||||
360
|
Turlock Public Financing Authority, California, Tax Allocation Revenue Bonds, Series 2011,
|
3/21 at 100.00
|
BBB+
|
377,766
|
|
7.500%, 9/01/39
|
|||||
70
|
Yorba Linda Redevelopment Agency, Orange County, California, Tax Allocation Revenue Bonds,
|
9/21 at 100.00
|
A–
|
78,553
|
|
Yorba Linda Redevelopment Project, Subordinate Lien Series 2011A, 6.500%, 9/01/32
|
|||||
25,475
|
Total Tax Obligation/Limited
|
26,328,758
|
|||
Transportation – 5.4%
|
|||||
1,150
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series
|
7/14 at 100.00
|
BBB–
|
1,046,258
|
|
1995A, 5.000%, 1/01/35
|
|||||
530
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Refunding
|
1/24 at 100.00
|
BB+
|
528,951
|
|
Bonds, Junior Lien Series 2013C, 6.500%, 1/15/43 (WI/DD, Settling 1/02/14)
|
|||||
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Refunding
|
|||||
Bonds, Series 2013A:
|
|||||
1,170
|
5.750%, 1/15/46 (WI/DD, Settling 1/02/14)
|
1/24 at 100.00
|
BBB–
|
1,134,210
|
|
1,175
|
6.000%, 1/15/53 (WI/DD, Settling 1/02/14)
|
1/24 at 100.00
|
BBB–
|
1,135,532
|
|
955
|
Port of Oakland, California, Reveue Refunding Bonds, Series 2012P, 5.000%, 5/01/31
|
No Opt. Call
|
A+
|
966,622
|
|
(Alternative Minimum Tax)
|
|||||
4,980
|
Total Transportation
|
4,811,573
|
|||
U.S. Guaranteed – 3.3% (4)
|
|||||
1,000
|
California State Public Works Board, Lease Revenue Bonds, Department of Mental Health,
|
6/14 at 100.00
|
AAA
|
1,021,980
|
|
Coalinga State Hospital, Series 2004A, 5.500%, 6/01/23 (Pre-refunded 6/01/14)
|
|||||
750
|
California State, General Obligation Bonds, Series 2004, 5.000%, 2/01/23 (Pre-refunded 2/01/14)
|
2/14 at 100.00
|
A1 (4)
|
753,045
|
|
800
|
California State, General Obligation Bonds, Series 2004, 5.125%, 2/01/27 (Pre-refunded 2/01/14)
|
No Opt. Call
|
AA+ (4)
|
803,344
|
|
100
|
Roseville Joint Union High School District, Placer County, California, General Obligation
|
8/15 at 100.00
|
AA (4)
|
107,518
|
|
Bonds, Series 2006B, 5.000%, 8/01/27 (Pre-refunded 8/01/15) – FGIC Insured
|
|||||
225
|
San Mateo Union High School District, San Mateo County, California, Certificates of
|
12/17 at 100.00
|
N/R (4)
|
261,758
|
|
Participation, Phase 1, Series 2007A, 5.000%, 12/15/30 (Pre-refunded 12/15/17) –
|
|||||
AMBAC Insured
|
|||||
2,875
|
Total U.S. Guaranteed
|
2,947,645
|
|||
Utilities – 6.9%
|
|||||
1,000
|
Imperial Irrigation District, California, Electric System Revenue Bonds, Refunding Series
|
11/20 at 100.00
|
AA–
|
1,040,299
|
|
2011A, 5.500%, 11/01/41
|
|||||
645
|
Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds, Series
|
No Opt. Call
|
A
|
665,543
|
|
2007A, 5.500%, 11/15/37
|
|||||
7,600
|
Merced Irrigation District, California, Certificates of Participation, Water and Hydroelectric
|
9/16 at 64.56
|
A
|
4,305,552
|
|
Series 2008B, 0.000%, 9/01/23
|
|||||
215
|
Merced Irrigation District, California, Electric System Revenue Bonds, Series 2005, 5.125%,
|
9/15 at 100.00
|
N/R
|
213,873
|
|
9/01/31 – SYNCORA GTY Insured
|
|||||
9,460
|
Total Utilities
|
6,225,267
|
|||
Water and Sewer – 3.0%
|
|||||
1,000
|
Bay Area Water Supply and Conservation Agency, California, Revenue Bonds, Capital Cost
|
4/23 at 100.00
|
AA–
|
1,049,780
|
|
Recovery Prepayment Program, Series 2013A, 5.000%, 10/01/34
|
|||||
California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon
|
|||||
Resources Channelside LP Desalination Project, Series 2012:
|
|||||
535
|
5.000%, 7/01/37 (Alternative Minimum Tax)
|
No Opt. Call
|
Baa3
|
459,650
|
|
1,000
|
5.000%, 11/21/45 (Alternative Minimum Tax)
|
No Opt. Call
|
Baa3
|
803,800
|
|
150
|
Healdsburg Public Financing Authority, California, Wastewater Revenue Bonds, Series 2006,
|
4/16 at 100.00
|
AA–
|
151,697
|
|
5.000%, 4/01/36 – NPFG Insured
|
|||||
250
|
Sacramento County Sanitation District Financing Authority, California, Revenue Bonds, Series
|
6/16 at 100.00
|
AA
|
261,660
|
|
2006, 5.000%, 12/01/31 – FGIC Insured
|
|||||
2,935
|
Total Water and Sewer
|
2,726,587
|
|||
$ 129,075
|
Total Long-Term Investments (cost $93,027,068)
|
95,403,344
|
|||
Floating Rate Obligations – (1.7)%
|
(1,540,000)
|
||||
Other Assets Less Liabilities – (4.6)%
|
(4,129,118)
|
||||
Net Assets – 100%
|
$ 89,734,226
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Long-Term Investments:
|
||||
Municipal Bonds
|
$ —
|
$95,403,344
|
$ —
|
$95,403,344
|
Gross unrealized:
|
|
Appreciation
|
$ 4,923,301
|
Depreciation
|
(2,522,719)
|
Net unrealized appreciation (depreciation) of investments
|
$ 2,400,582
|
(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.
|
||
WI/DD
|
Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.
|
|
(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.
|