|
|
|
|
|
|
|
|
Portfolio of Investments (Unaudited)
|
|
|
|
|
|
Nuveen New York Dividend Advantage Municipal Fund (NAN)
|
|
|
|
|
|
June 30, 2012
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
Optional Call
|
|
|
Amount (000)
|
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Consumer Discretionary – 3.0% (2.0% of Total Investments)
|
|
|
|
$ 950
|
|
New York City Industrial Development Agency, New York, Liberty Revenue Bonds,
|
9/15 at 100.00
|
BBB–
|
$ 972,183
|
|
|
IAC/InterActiveCorp, Series 2005, 5.000%, 9/01/35
|
|
|
|
3,350
|
|
Seneca Nation of Indians Capital Improvements Authority, New York, Special Obligation Bonds,
|
6/17 at 100.00
|
BB
|
3,386,683
|
|
|
Series 2007A, 5.000%, 12/01/23
|
|
|
|
4,300
|
|
Total Consumer Discretionary
|
|
|
4,358,866
|
|
|
Consumer Staples – 2.9% (2.0% of Total Investments)
|
|
|
|
205
|
|
New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001,
|
12/12 at 100.00
|
A3
|
198,362
|
|
|
5.250%, 6/01/25
|
|
|
|
730
|
|
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,
|
9/12 at 100.00
|
BBB+
|
729,956
|
|
|
Series 2002, 5.375%, 5/15/33
|
|
|
|
135
|
|
Rensselaer Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed
|
9/12 at 100.00
|
A3
|
129,476
|
|
|
Bonds, Series 2001A, 5.200%, 6/01/25
|
|
|
|
|
|
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006:
|
|
|
|
720
|
|
4.750%, 6/01/22
|
6/16 at 100.00
|
BBB+
|
716,594
|
2,625
|
|
5.000%, 6/01/26
|
6/16 at 100.00
|
BBB–
|
2,505,746
|
4,415
|
|
Total Consumer Staples
|
|
|
4,280,134
|
|
|
Education and Civic Organizations – 17.2% (11.7% of Total Investments)
|
|
|
|
380
|
|
Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School, Series
|
7/17 at 100.00
|
BBB
|
390,488
|
|
|
2007A, 5.000%, 7/01/31
|
|
|
|
550
|
|
Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter
|
4/17 at 100.00
|
BBB–
|
515,119
|
|
|
Schools, Series 2007A, 5.000%, 4/01/37
|
|
|
|
1,725
|
|
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue
|
1/20 at 100.00
|
BBB–
|
1,940,918
|
|
|
Bonds, Barclays Center Project, Series 2009, 6.250%, 7/15/40
|
|
|
|
965
|
|
Buffalo and Erie County Industrial Land Development Corporation, New York, Tax-Exempt Revenue
|
12/20 at 100.00
|
BBB
|
1,125,518
|
|
|
Bonds, Enterprise Charter School Project, Series 2011A, 7.500%, 12/01/40
|
|
|
|
120
|
|
Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, St. Bonaventure
|
5/16 at 100.00
|
BBB–
|
124,225
|
|
|
University, Series 2006, 5.000%, 5/01/23
|
|
|
|
1,635
|
|
Dormitory Authority of the State of New York, General Revenue Bonds, Manhattan College, Series
|
7/17 at 100.00
|
N/R
|
1,651,563
|
|
|
2007A, 5.000%, 7/01/41 – RAAI Insured
|
|
|
|
1,000
|
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
|
No Opt. Call
|
Aa2
|
1,047,740
|
|
|
Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – SYNCORA GTY Insured
|
|
|
|
705
|
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
|
7/15 at 100.00
|
Aa2
|
769,416
|
|
|
Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured
|
|
|
|
700
|
|
Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series
|
7/20 at 100.00
|
A–
|
775,866
|
|
|
2010, 5.250%, 7/01/30
|
|
|
|
680
|
|
Dormitory Authority of the State of New York, Revenue Bonds, St. Joseph’s College, Series 2010,
|
7/20 at 100.00
|
Baa1
|
744,804
|
|
|
5.250%, 7/01/35
|
|
|
|
1,630
|
|
Dutchess County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bard
|
8/17 at 100.00
|
Baa1
|
1,645,811
|
|
|
College Project, Series 2007-A2, 4.500%, 8/01/36
|
|
|
|
1,300
|
|
Dutchess County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bard
|
8/17 at 100.00
|
Baa1
|
1,350,479
|
|
|
College Refunding, Series 2007-A1, 5.000%, 8/01/46
|
|
|
|
370
|
|
Hempstead Town Industrial Development Agency, New York, Revenue Bonds, Adelphi University,
|
10/15 at 100.00
|
A
|
384,434
|
|
|
Civic Facility Project, Series 2005, 5.000%, 10/01/35
|
|
|
|
250
|
|
Hempstead Town Local Development Corporation, New York, Revenue Bonds, Adelphi University
|
2/19 at 100.00
|
A
|
273,153
|
|
|
Project, Series 2009B, 5.250%, 2/01/39
|
|
|
|
1,085
|
|
Hempstead Town Local Development Corporation, New York, Revenue Bonds, Molloy College
|
7/19 at 100.00
|
BBB+
|
1,189,941
|
|
|
Project, Series 2009, 5.750%, 7/01/39
|
|
|
|
330
|
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds,
|
10/14 at 100.00
|
A–
|
339,798
|
|
|
St. 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:
|
|
|
|
160
|
|
5.000%, 1/01/36 – AMBAC Insured
|
1/17 at 100.00
|
BB+
|
160,064
|
1,000
|
|
5.000%, 1/01/39 – AMBAC Insured
|
1/17 at 100.00
|
BB+
|
995,630
|
1,630
|
|
4.750%, 1/01/42 – AMBAC Insured
|
1/17 at 100.00
|
BB+
|
1,526,951
|
|
|
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium
|
|
|
|
|
|
Project, Series 2006:
|
|
|
|
2,240
|
|
4.500%, 3/01/39 – FGIC Insured
|
9/16 at 100.00
|
BBB
|
2,224,387
|
1,000
|
|
4.750%, 3/01/46 – NPFG Insured
|
9/16 at 100.00
|
BBB
|
1,001,250
|
1,800
|
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, YMCA of
|
8/12 at 100.00
|
A–
|
1,808,100
|
|
|
Greater New York, Series 2002, 5.250%, 8/01/21
|
|
|
|
1,000
|
|
New York City Trust for Cultural Resources, New York, Revenue Bonds, Whitney Museum of
|
1/21 at 100.00
|
A
|
1,099,100
|
|
|
American Art, Series 2011, 5.000%, 7/01/31
|
|
|
|
245
|
|
Seneca County Industrial Development Authority, New York, Revenue Bonds, New York Chiropractic
|
10/17 at 100.00
|
BBB
|
255,785
|
|
|
College, Series 2007, 5.000%, 10/01/27
|
|
|
|
1,050
|
|
St. Lawrence County Industrial Development Agency Civic Development Corporation, New York,
|
3/22 at 100.00
|
A3
|
1,173,564
|
|
|
Revenue Bonds, Clarkson University Project, Series 2012A, 5.250%, 9/01/33
|
|
|
|
535
|
|
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute,
|
9/20 at 100.00
|
A–
|
581,823
|
|
|
Series 2010A, 5.125%, 9/01/40
|
|
|
|
24,085
|
|
Total Education and Civic Organizations
|
|
|
25,095,927
|
|
|
Financials – 2.2% (1.5% of Total Investments)
|
|
|
|
1,100
|
|
Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series
|
No Opt. Call
|
A1
|
1,236,048
|
|
|
2005, 5.250%, 10/01/35
|
|
|
|
1,740
|
|
Liberty Development Corporation, New York, Goldman Sachs Headquarters Revenue Bonds Series
|
No Opt. Call
|
A1
|
2,031,433
|
|
|
2007, 5.500%, 10/01/37
|
|
|
|
2,840
|
|
Total Financials
|
|
|
3,267,481
|
|
|
Health Care – 19.7% (13.4% of Total Investments)
|
|
|
|
1,370
|
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds,
|
8/12 at 100.00
|
BBB
|
1,373,110
|
|
|
Memorial Hospital of William F. and Gertrude F. Jones Inc., Series 1999, 5.250%, 8/01/19 –
|
|
|
|
|
|
NPFG Insured
|
|
|
|
625
|
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore
|
2/15 at 100.00
|
BBB
|
679,188
|
|
|
Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured
|
|
|
|
3,600
|
|
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, St. Lukes Roosevelt
|
8/15 at 100.00
|
N/R
|
3,783,168
|
|
|
Hospital, Series 2005, 4.900%, 8/15/31
|
|
|
|
200
|
|
Dormitory Authority of the State of New York, Highland Hospital of Rochester Revenue Bonds,
|
7/20 at 100.00
|
A2
|
217,918
|
|
|
Series 2010, 5.200%, 7/01/32
|
|
|
|
|
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, Franciscan Health
|
|
|
|
|
|
Partnership Obligated Group – Frances Shervier Home and Hospital, Series 1997:
|
|
|
|
1,505
|
|
5.500%, 7/01/17 – RAAI Insured
|
1/13 at 100.00
|
A3
|
1,508,025
|
2,000
|
|
5.500%, 7/01/27 – RAAI Insured
|
1/13 at 100.00
|
A3
|
2,001,860
|
1,000
|
|
Dormitory Authority of the State of New York, North Shore Long Island Jewish Obligated Group
|
5/21 at 100.00
|
A–
|
1,076,490
|
|
|
Revenue Bonds, Series 2011A, 5.000%, 5/01/41
|
|
|
|
3,160
|
|
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan Kettering Cancer
|
7/16 at 100.00
|
Aa2
|
3,355,256
|
|
|
Center, Series 2006, 5.000%, 7/01/35 (UB)
|
|
|
|
1,325
|
|
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian
|
8/14 at 100.00
|
AA–
|
1,457,407
|
|
|
Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured
|
|
|
|
1,000
|
|
Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish
|
11/16 at 100.00
|
A3
|
1,049,370
|
|
|
Obligated Group, Series 2005A, 5.000%, 11/01/34
|
|
|
|
2,000
|
|
Dormitory Authority of the State of New York, Revenue Bonds, NYU Hospitals Center, Series
|
7/17 at 100.00
|
A–
|
2,161,640
|
|
|
2007B, 5.625%, 7/01/37
|
|
|
|
750
|
|
Dormitory Authority of the State of New York, Revenue Bonds, NYU Hospitals Center, Series
|
7/20 at 100.00
|
A–
|
867,735
|
|
|
2011A, 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
|
|
|
|
600
|
|
Dormitory Authority of the State of New York, Revenue Bonds, Winthrop-South Nassau University
|
7/13 at 100.00
|
Baa1
|
607,806
|
|
|
Hospital Association, Series 2003A, 5.500%, 7/01/32
|
|
|
|
420
|
|
Livingston County Industrial Development Agency, New York, Civic Facility Revenue Bonds,
|
9/12 at 100.00
|
BB
|
420,118
|
|
|
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:
|
|
|
|
410
|
|
5.250%, 2/01/27
|
2/17 at 100.00
|
BBB–
|
413,870
|
360
|
|
5.500%, 2/01/32
|
2/17 at 100.00
|
BBB–
|
366,174
|
715
|
|
Monroe County Industrial Development Corporation, New York, FHA Insured Mortgage Revenue
|
2/21 at 100.00
|
Aa2
|
855,955
|
|
|
Bonds, Unity Hospital of Rochestor Project, Series 2010, 5.750%, 8/15/35
|
|
|
|
1,750
|
|
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series
|
2/13 at 100.00
|
Aa3
|
1,799,718
|
|
|
2003A, 5.250%, 2/15/22 – AMBAC Insured
|
|
|
|
470
|
|
Suffolk County Economic Development Corp / Nassau County Local Economic Assistance &
|
7/21 at 100.00
|
A–
|
527,335
|
|
|
Financing Corp., New York, Revenue Bonds, Catholic Health Services of Long Island Obligated
|
|
|
|
|
|
Group Project, Series 2011, 5.000%, 7/01/28
|
|
|
|
2,570
|
|
Yates County Industrial Development Agency, New York, FHA-Insured Civic Facility Mortgage
|
8/12 at 100.00
|
N/R
|
2,712,147
|
|
|
Revenue Bonds, Soldiers and Sailors Memorial Hospital, Series 1999A, 5.650%, 2/01/39
|
|
|
|
950
|
|
Yonkers Industrial Development Agency, New York, Revenue Bonds, St. John’s Riverside Hospital,
|
1/13 at 100.00
|
B+
|
950,760
|
|
|
Series 2001A, 7.125%, 7/01/31
|
|
|
|
27,280
|
|
Total Health Care
|
|
|
28,694,400
|
|
|
Housing/Multifamily – 6.5% (4.4% of Total Investments)
|
|
|
|
400
|
|
Canton Capital Resource Corporation, New York, Student Housing Facility Revenue Bonds, Grasse
|
5/20 at 100.00
|
AA–
|
416,956
|
|
|
River LLC at SUNY Canton Project Series 2010A, 5.000%, 5/01/40
|
|
|
|
2,585
|
|
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds,
|
7/15 at 100.00
|
AA–
|
2,734,051
|
|
|
Series 2005A, 5.000%, 7/01/25 – NPFG Insured (UB)
|
|
|
|
750
|
|
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
|
5/14 at 100.00
|
AA
|
771,930
|
|
|
Series 2004A, 5.250%, 11/01/30
|
|
|
|
4,000
|
|
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
|
5/19 at 100.00
|
AA
|
4,201,840
|
|
|
Series 2009J, 4.800%, 5/01/36
|
|
|
|
290
|
|
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
|
5/20 at 100.00
|
AA
|
311,556
|
|
|
Series 2010-D1A, 5.000%, 11/01/42
|
|
|
|
600
|
|
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2009B,
|
5/19 at 100.00
|
Aa2
|
638,064
|
|
|
4.500%, 11/01/29
|
|
|
|
405
|
|
New York State Housing Finance Agency, Affordable Housing Revenue, Series 2007A, 5.250%,
|
11/17 at 100.00
|
Aa2
|
420,669
|
|
|
11/01/38 (Alternative Minimum Tax)
|
|
|
|
9,030
|
|
Total Housing/Multifamily
|
|
|
9,495,066
|
|
|
Housing/Single Family – 3.4% (2.3% of Total Investments)
|
|
|
|
645
|
|
Guam Housing Corporation, Mortgage-Backed Securities Program Single Family Mortgage Revenue
|
No Opt. Call
|
N/R
|
786,771
|
|
|
Bonds, Series 1998A, 5.750%, 9/01/31 (Alternative Minimum Tax)
|
|
|
|
1,350
|
|
New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 130, 4.650%,
|
4/15 at 100.00
|
Aa1
|
1,375,529
|
|
|
4/01/27 (Alternative Minimum Tax)
|
|
|
|
440
|
|
New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 145, 5.125%,
|
4/17 at 100.00
|
Aa1
|
453,429
|
|
|
10/01/37 (Alternative Minimum Tax)
|
|
|
|
495
|
|
New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 148, 5.200%,
|
10/17 at 100.00
|
Aa1
|
520,121
|
|
|
10/01/32 (Alternative Minimum Tax)
|
|
|
|
930
|
|
New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 82, 5.650%,
|
10/12 at 100.00
|
Aa1
|
931,107
|
|
|
4/01/30 (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)
|
|
|
|
4,700
|
|
Total Housing/Single Family
|
|
|
4,922,984
|
|
|
Long-Term Care – 5.0% (3.4% of Total Investments)
|
|
|
|
2,000
|
|
Dormitory Authority of the State of New York, FHA-Insured Nursing Home Mortgage Revenue
|
2/15 at 100.00
|
AA
|
2,061,960
|
|
|
Bonds, Gurwin Jewish Geriatric Center of Long Island, Series 2005A, 4.900%, 2/15/41
|
|
|
|
585
|
|
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of
|
2/17 at 103.00
|
AA+
|
634,567
|
|
|
Westchester Project, Series 2006, 5.200%, 2/15/41
|
|
|
|
375
|
|
Dormitory Authority of the State of New York, Non-State Supported Debt, Ozanam Hall of Queens
|
11/16 at 100.00
|
Ba3
|
343,219
|
|
|
Nursing Home Revenue Bonds, Series 2006, 5.000%, 11/01/31
|
|
|
|
250
|
|
Dormitory Authority of the State of New York, Revenue Bonds, Providence Rest, Series 2005,
|
7/15 at 100.00
|
N/R
|
214,033
|
|
|
5.000%, 7/01/35 – ACA Insured
|
|
|
|
960
|
|
East Rochester Housing Authority, New York, Senior Living Revenue Bonds, Woodland Village
|
8/16 at 101.00
|
N/R
|
916,176
|
|
|
Project, Series 2006, 5.500%, 8/01/33
|
|
|
|
190
|
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
|
9/12 at 100.00
|
N/R
|
190,388
|
|
|
Needs Facilities Pooled Program, Series 2000, 8.125%, 7/01/19
|
|
|
|
570
|
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
|
1/13 at 100.50
|
N/R
|
577,450
|
|
|
Needs Facilities Pooled Program, Series 2001A-1, 7.250%, 7/01/16
|
|
|
|
|
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
|
|
|
|
|
|
Needs Facilities Pooled Program, Series 2008A-1:
|
|
|
|
1,140
|
|
5.500%, 7/01/18
|
7/16 at 101.00
|
N/R
|
1,107,362
|
635
|
|
5.800%, 7/01/23
|
7/16 at 101.00
|
N/R
|
611,816
|
680
|
|
Yonkers Industrial Development Agency, New York, FHA-Insured Mortgage Revenue Bonds,
|
8/12 at 100.00
|
BBB
|
681,204
|
|
|
Michael Malotz Skilled Nursing Pavilion, Series 1999, 5.450%, 2/01/29 – NPFG Insured
|
|
|
|
7,385
|
|
Total Long-Term Care
|
|
|
7,338,175
|
|
|
Materials – 0.2% (0.2% of Total Investments)
|
|
|
|
330
|
|
Jefferson County Industrial Development Agency, New York, Solid Waste Disposal Revenue Bonds,
|
12/13 at 100.00
|
BBB
|
344,348
|
|
|
International Paper Company Project, Series 2003A, 5.200%, 12/01/20 (Alternative Minimum Tax)
|
|
|
|
|
|
Tax Obligation/General – 16.0% (10.8% of Total Investments)
|
|
|
|
6,590
|
|
New York City, New York, General Obligation Bonds, Fiscal 2007 Series D-1, 5.125%, 12/01/25 (UB)
|
12/17 at 100.00
|
AA
|
7,689,212
|
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
|
980
|
|
New York City, New York, General Obligation Bonds, Fiscal 2012 Series I, 5.000%, 8/01/32
|
No Opt. Call
|
AA
|
1,129,675
|
3,700
|
|
New York City, New York, General Obligation Bonds, Fiscal Series 2007A, 5.000%, 8/01/25
|
8/16 at 100.00
|
AA
|
4,217,223
|
1,000
|
|
New York City, New York, General Obligation Bonds, Series 2004C-1, 5.250%, 8/15/16 (UB)
|
8/14 at 100.00
|
AA
|
1,100,130
|
|
|
New York City, New York, General Obligation Bonds, Subseries G-1 Fiscal Series 2012:
|
|
|
|
3,300
|
|
5.000%, 4/01/26
|
No Opt. Call
|
AA
|
3,888,093
|
1,025
|
|
5.000%, 4/01/29
|
No Opt. Call
|
AA
|
1,186,417
|
|
|
Rochester, New York, General Obligation Bonds, Series 1999:
|
|
|
|
720
|
|
5.250%, 10/01/18 – NPFG Insured
|
No Opt. Call
|
Aa3
|
876,542
|
720
|
|
5.250%, 10/01/19 – NPFG Insured
|
No Opt. Call
|
Aa3
|
888,113
|
20,035
|
|
Total Tax Obligation/General
|
|
|
23,300,865
|
|
|
Tax Obligation/Limited – 36.6% (24.8% 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
|
|
|
|
590
|
|
Dormitory Authority of the State of New York, Department of Health Revenue Bonds, Series
|
7/15 at 100.00
|
AA–
|
660,051
|
|
|
2005A, 5.250%, 7/01/24 – CIFG Insured
|
|
|
|
1,850
|
|
Dormitory Authority of the State of New York, Secured Hospital Revenue Refunding Bonds,
|
8/12 at 100.00
|
AA–
|
1,857,123
|
|
|
Wyckoff Heights Medical Center, Series 1998H, 5.300%, 8/15/21 – NPFG Insured
|
|
|
|
185
|
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series
|
3/15 at 100.00
|
AAA
|
205,147
|
|
|
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
|
2,000
|
|
5.000%, 11/15/30
|
11/12 at 100.00
|
AA
|
2,029,800
|
1,130
|
|
Monroe Newpower Corporation, New York, Power Facilities Revenue Bonds, Series 2003,
|
1/13 at 102.00
|
BBB
|
1,138,577
|
|
|
5.500%, 1/01/34
|
|
|
|
|
|
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local
|
|
|
|
|
|
Government Assistance Corporation, Series 2004A:
|
|
|
|
1,100
|
|
5.000%, 10/15/25 – NPFG Insured (UB)
|
10/14 at 100.00
|
AAA
|
1,195,480
|
810
|
|
5.000%, 10/15/26 – NPFG Insured (UB)
|
10/14 at 100.00
|
AAA
|
879,150
|
2,375
|
|
5.000%, 10/15/29 – AMBAC Insured (UB)
|
10/14 at 100.00
|
AAA
|
2,595,376
|
2,100
|
|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
|
1/17 at 100.00
|
AA–
|
2,293,494
|
|
|
Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
|
|
|
|
|
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012
|
|
|
|
|
|
Series E-1:
|
|
|
|
840
|
|
5.000%, 2/01/35
|
No Opt. Call
|
AAA
|
956,172
|
1,025
|
|
5.000%, 2/01/37
|
No Opt. Call
|
AAA
|
1,155,083
|
485
|
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
|
2/13 at 100.00
|
AAA
|
497,343
|
|
|
Series 2003E, 5.000%, 2/01/23 – FGIC Insured
|
|
|
|
2,115
|
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
|
11/17 at 100.00
|
AAA
|
2,429,416
|
|
|
Series 2007C-1, 5.000%, 11/01/27
|
|
|
|
|
|
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,
|
|
|
|
|
|
Subordinate Lien Series 2011C:
|
|
|
|
2,500
|
|
5.500%, 11/01/35
|
11/20 at 100.00
|
AAA
|
2,944,850
|
2,000
|
|
5.000%, 11/01/39
|
11/20 at 100.00
|
AAA
|
2,223,660
|
4,000
|
|
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A,
|
4/21 at 100.00
|
AA–
|
4,671,800
|
|
|
5.750%, 4/01/41
|
|
|
|
1,000
|
|
New York State Environmental Facilities Corporation, Infrastructure Revenue Bonds, Series 2003A,
|
3/14 at 100.00
|
AA–
|
1,062,970
|
|
|
5.000%, 3/15/21
|
|
|
|
2,920
|
|
New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds,
|
12/17 at 100.00
|
AAA
|
3,392,544
|
|
|
Series 2008A, 5.000%, 12/15/26 (UB)
|
|
|
|
1,190
|
|
New York State Housing Finance Agency, State Personal Income Tax Revenue Bonds, Economic
|
9/15 at 100.00
|
AAA
|
1,318,092
|
|
|
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
|
|
|
|
1,625
|
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2007,
|
10/17 at 100.00
|
AA
|
1,813,240
|
|
|
5.000%, 4/01/27
|
|
|
|
3,400
|
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2005B, 5.500%,
|
No Opt. Call
|
AA
|
4,308,956
|
|
|
4/01/20 – AMBAC Insured (UB)
|
|
|
|
510
|
|
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2010A,
|
9/20 at 100.00
|
AAA
|
596,873
|
|
|
5.000%, 3/15/29
|
|
|
|
|
|
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and
|
|
|
|
|
|
State Contingency Contract-Backed Bonds, Series 2003A-1:
|
|
|
|
4,000
|
|
5.250%, 6/01/20 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
4,176,560
|
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
|
|
|
|
1,330
|
|
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds,
|
3/17 at 100.00
|
AAA
|
1,651,634
|
|
|
Tender Option Bond Trust 09-6W, 13.668%, 3/15/37 (IF), (4)
|
|
|
|
48,080
|
|
Total Tax Obligation/Limited
|
|
|
53,410,891
|
|
|
Transportation – 18.5% (12.5% of Total Investments)
|
|
|
|
2,000
|
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2003A,
|
11/13 at 100.00
|
AA–
|
2,099,140
|
|
|
5.000%, 11/15/25 – AGM Insured
|
|
|
|
3,000
|
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2007B,
|
11/17 at 100.00
|
A
|
3,216,450
|
|
|
5.000%, 11/15/33
|
|
|
|
1,000
|
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2010D,
|
11/20 at 100.00
|
A
|
1,094,760
|
|
|
5.000%, 11/15/34
|
|
|
|
1,560
|
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2012C,
|
11/22 at 100.00
|
A
|
1,718,543
|
|
|
5.000%, 11/15/41
|
|
|
|
1,000
|
|
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds,
|
11/12 at 100.00
|
A
|
1,014,840
|
|
|
Series 2002A, 5.125%, 11/15/22 – FGIC Insured
|
|
|
|
1,750
|
|
New York City Industrial Development Agency, New York, American Airlines-JFK International
|
8/16 at 101.00
|
N/R
|
1,857,538
|
|
|
Airport Special Facility Revenue Bonds, Series 2005, 7.750%, 8/01/31 (Alternative Minimum Tax)
|
|
|
|
|
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bronx
|
|
|
|
|
|
Parking Development Company, LLC Project, Series 2007:
|
|
|
|
200
|
|
5.750%, 10/01/37
|
10/17 at 100.00
|
N/R
|
104,898
|
2,000
|
|
5.875%, 10/01/46
|
10/17 at 102.00
|
N/R
|
1,048,600
|
105
|
|
New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds,
|
12/12 at 100.00
|
BB
|
100,741
|
|
|
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)
|
|
|
|
900
|
|
New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds,
|
1/16 at 100.00
|
A3
|
947,961
|
|
|
Terminal One Group JFK Project, Series 2005, 5.500%, 1/01/24 (Alternative Minimum Tax)
|
|
|
|
|
|
New York City Industrial Development Agency, New York, Special Facility Revenue Bonds, JetBlue
|
|
|
|
|
|
Airways Corporation Project, Series 2006:
|
|
|
|
410
|
|
5.000%, 5/15/20 (Alternative Minimum Tax)
|
9/12 at 100.00
|
B–
|
398,922
|
1,000
|
|
5.125%, 5/15/30 (Alternative Minimum Tax)
|
9/12 at 100.00
|
B–
|
922,810
|
845
|
|
New York Liberty Development Corporation, Liberty Revenue Bonds, 4 World Trade Center Project,
|
11/21 at 100.00
|
A+
|
912,904
|
|
|
Series 2011, 5.000%, 11/15/44
|
|
|
|
160
|
|
New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/30 –
|
1/15 at 100.00
|
A+
|
173,246
|
|
|
AMBAC Insured
|
|
|
|
700
|
|
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 –
|
7/15 at 100.00
|
AA–
|
771,953
|
|
|
AGM Insured (UB)
|
|
|
|
845
|
|
New York State Thruway Authority, General Revenue Bonds, Series2012I, 5.000%, 1/01/42 (WI/DD,
|
1/22 at 100.00
|
A+
|
918,583
|
|
|
Settling 7/11/12)
|
|
|
|
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:
|
|
|
|
1,300
|
|
5.000%, 12/01/28 – SYNCORA GTY Insured
|
6/15 at 101.00
|
Aa2
|
1,392,235
|
615
|
|
5.000%, 12/01/31 – SYNCORA GTY Insured
|
6/15 at 101.00
|
Aa2
|
655,239
|
440
|
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty
|
8/17 at 100.00
|
Aa2
|
603,029
|
|
|
Eighth Series 2008, Trust 2920, 17.352%, 8/15/32 – AGM Insured (IF)
|
|
|
|
2,000
|
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Sixty
|
1/21 at 100.00
|
Aa2
|
2,219,100
|
|
|
Sixth Series 2011, 5.000%, 1/15/41
|
|
|
|
|
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal
|
|
|
|
|
|
LLC Project, Eighth Series 2010:
|
|
|
|
290
|
|
6.500%, 12/01/28
|
12/15 at 100.00
|
BBB–
|
312,626
|
1,470
|
|
6.000%, 12/01/36
|
12/20 at 100.00
|
BBB–
|
1,651,589
|
1,000
|
|
Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue
|
No Opt. Call
|
AA–
|
1,255,920
|
|
|
Refunding Bonds, Tender Option Bond Trust 1184, 9.031%, 5/15/16 (IF)
|
|
|
|
26,090
|
|
Total Transportation
|
|
|
26,931,877
|
|
|
U.S. Guaranteed – 3.4% (2.3% of Total Investments) (5)
|
|
|
|
550
|
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo
|
5/14 at 100.00
|
AA– (5)
|
604,549
|
|
|
City School District, Series 2004, 5.750%, 5/01/26 (Pre-refunded 5/01/14) – AGM Insured (UB)
|
|
|
|
535
|
|
Metropolitan Transportation Authority, New York, Commuter Facilities Revenue Bonds, Series
|
1/13 at 100.00
|
N/R (5)
|
558,882
|
|
|
1997B, 5.000%, 7/01/20 – AMBAC Insured (ETM)
|
|
|
|
1,185
|
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
|
2/13 at 100.00
|
Aaa
|
1,218,713
|
|
|
Series 2003E, 5.000%, 2/01/23 (Pre-refunded 2/01/13) – FGIC Insured
|
|
|
|
2,500
|
|
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Refunding Bonds,
|
11/12 at 100.00
|
AA– (5)
|
2,541,025
|
|
|
Series 2002B, 5.000%, 11/15/21 (Pre-refunded 11/15/12)
|
|
|
|
4,770
|
|
Total U.S. Guaranteed
|
|
|
4,923,169
|
|
|
Utilities – 6.6% (4.5% of Total Investments)
|
|
|
|
1,300
|
|
Chautauqua County Industrial Development Agency, New York, Exempt Facility Revenue Bonds,
|
2/20 at 100.00
|
Baa3
|
1,436,019
|
|
|
NRG Dunkirk Power Project, Series 2009, 5.875%, 4/01/42
|
|
|
|
|
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
|
|
|
|
2,500
|
|
5.000%, 12/01/23 – FGIC Insured
|
6/16 at 100.00
|
A
|
2,798,500
|
500
|
|
5.000%, 12/01/24 – FGIC Insured
|
6/16 at 100.00
|
A
|
558,090
|
2,380
|
|
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A,
|
5/21 at 100.00
|
A
|
2,587,941
|
|
|
5.000%, 5/01/38
|
|
|
|
1,400
|
|
Nassau County Industrial Development Authority, New York, Keyspan Glenwood Energy Project,
|
6/13 at 100.00
|
A–
|
1,446,648
|
|
|
Series 2003, 5.250%, 6/01/27 (Alternative Minimum Tax)
|
|
|
|
250
|
|
Niagara County Industrial Development Agency, New York, Solid Waste Disposal Facility Revenue
|
9/12 at 100.00
|
Baa2
|
253,509
|
|
|
Bonds, American Ref-Fuel Company of Niagara LP, Series 2001C, 5.625%, 11/15/24 (Mandatory
|
|
|
|
|
|
put 11/15/14) (Alternative Minimum Tax)
|
|
|
|
600
|
|
Niagara County Industrial Development Agency, New York, Solid Waste Disposal Facility Revenue
|
9/12 at 100.00
|
Baa2
|
605,165
|
|
|
Refunding Bonds, American Ref-Fuel Company of Niagara LP, Series 2001B, 5.550%, 11/15/24
|
|
|
|
|
|
(Mandatory put 11/15/13) (Alternative Minimum Tax)
|
|
|
|
8,930
|
|
Total Utilities
|
|
|
9,685,872
|
|
|
Water and Sewer – 6.2% (4.2% of Total Investments)
|
|
|
|
1,185
|
|
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series
|
7/20 at 100.00
|
Ba2
|
1,204,600
|
|
|
2010, 5.625%, 7/01/40
|
|
|
|
2,000
|
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue
|
6/19 at 100.00
|
AA+
|
2,304,499
|
|
|
Bonds, Second Generation Resolution, Fiscal 2010 Series 2009BB, 5.000%, 6/15/27
|
|
|
|
4,875
|
|
New York State Environmental Facilities Corporation, State Clean Water and Drinking Water
|
6/21 at 100.00
|
AAA
|
5,515,330
|
|
|
Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects,
|
|
|
|
|
|
Second Resolution Series 2011B, 5.000%, 6/15/41
|
|
|
|
8,060
|
|
Total Water and Sewer
|
|
|
9,024,429
|
$ 200,330
|
|
Total Investments (cost $201,850,402) – 147.4%
|
|
|
215,074,484
|
|
|
Floating Rate Obligations – (12.2)%
|
|
|
(17,735,000)
|
|
|
MuniFund Term Preferred Shares, at Liquidation Value – (37.9)% (6)
|
|
|
(55,360,000)
|
|
|
Other Assets Less Liabilities – 2.7%
|
|
|
3,942,042
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 145,921,526
|