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
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
Long-Term Investments:
|
||||||||||||||||
Municipal Bonds
|
$ | — | $ | 215,074,484 | $ | — | $ | 215,074,484 |
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 $184,133,111.
|
Gross unrealized appreciation and gross unrealized depreciation of investments at June 30, 2012, were
|
||||
as follows:
|
||||
Gross unrealized:
|
||||
Appreciation
|
$ | 14,461,457 | ||
Depreciation
|
(1,255,091 | ) | ||
Net unrealized appreciation (depreciation) of investments
|
$ | 13,206,366 |
(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)
|
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for
|
|
investments in inverse floating rate transactions.
|
||
(5)
|
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.
|
||
(6)
|
MuniFund Term Preferred Shares, at liquidation value as a percentage of Total Investments is 25.7%.
|
|
N/R
|
Not rated.
|
|
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.
|