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Portfolio of Investments
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Nuveen New York Select Tax-Free Income Portfolio (NXN)
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June 30, 2016 (Unaudited)
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|||||
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|||||
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
LONG-TERM INVESTMENTS – 99.5%
|
|
|
|
|
|
|||||
|
MUNICIPAL BONDS – 99.5%
|
|
|
|
|
|
|||||
|
Consumer Staples – 1.9%
|
|
|
|
|
$ 150
|
Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed Bonds,
|
12/16 at 100.00
|
B–
|
$ 150,540
|
|
|
Refunding Series 2006A-2, 5.250%, 6/01/26
|
|
|
|
|
275
|
Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed Bonds,
|
12/16 at 100.00
|
B–
|
274,978
|
|
|
Series 2006A-3, 5.000%, 6/01/35
|
|
|
|
|
|
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006:
|
|
|
|
|
140
|
4.750%, 6/01/22
|
12/16 at 100.00
|
BBB–
|
140,141
|
|
540
|
5.000%, 6/01/26
|
12/16 at 100.00
|
BB–
|
541,253
|
|
1,105
|
Total Consumer Staples
|
|
|
1,106,912
|
|
|
Education and Civic Organizations – 26.1%
|
|
|
|
|
100
|
Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School, Series
|
7/17 at 100.00
|
BBB
|
103,313
|
|
|
2007A, 5.000%, 7/01/31
|
|
|
|
|
165
|
Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter
|
4/17 at 100.00
|
B
|
150,660
|
|
|
Schools, Series 2007A, 5.000%, 4/01/37
|
|
|
|
|
280
|
Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds,
|
12/20 at 100.00
|
B
|
289,330
|
|
|
Enterprise Charter School Project, Series 2011A, 7.500%, 12/01/40
|
|
|
|
|
|
Build New York City Resource Corporation, New York, Revenue Bonds, South Bronx Charter School
|
|
|
|
|
|
for International Cultures and the Arts Project, Series 2013A:
|
|
|
|
|
40
|
5.000%, 4/15/33
|
4/23 at 100.00
|
BB+
|
41,536
|
|
55
|
5.000%, 4/15/43
|
4/23 at 100.00
|
BB+
|
56,493
|
|
430
|
Dormitory Authority of the State of New York, General Revenue Bonds, Manhattan College, Series
|
7/17 at 100.00
|
AA
|
447,849
|
|
|
2007A, 5.000%, 7/01/41 – RAAI Insured
|
|
|
|
|
150
|
Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University,
|
7/23 at 100.00
|
A–
|
175,952
|
|
|
Series 2013A, 5.000%, 7/01/44
|
|
|
|
|
1,000
|
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of
|
No Opt. Call
|
AA–
|
1,306,300
|
|
|
Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured
|
|
|
|
|
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
|
|
|
|
|
|
Facilities, Series 2015A:
|
|
|
|
|
20
|
5.000%, 7/01/31
|
No Opt. Call
|
Aa3
|
25,071
|
|
25
|
5.000%, 7/01/33
|
No Opt. Call
|
Aa3
|
31,105
|
|
1,000
|
5.000%, 7/01/34
|
7/25 at 100.00
|
Aa3
|
1,239,530
|
|
405
|
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A,
|
7/17 at 100.00
|
AA–
|
421,812
|
|
|
5.000%, 7/01/37 – NPFG Insured
|
|
|
|
|
1,000
|
Dormitory Authority of the State of New York, Revenue Bonds, Columbia University, Series
|
4/21 at 100.00
|
AAA
|
1,177,440
|
|
|
2011A, 5.000%, 10/01/41
|
|
|
|
|
605
|
Dormitory Authority of the State of New York, Revenue Bonds, Icahn School of Medicine at Mount
|
7/25 at 100.00
|
A–
|
733,587
|
|
|
Sinai, Series 2015A, 5.000%, 7/01/40
|
|
|
|
|
290
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series
|
No Opt. Call
|
AA–
|
360,543
|
|
|
2015A, 5.000%, 7/01/35
|
|
|
|
|
1,195
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series
|
7/26 at 100.00
|
AA–
|
1,509,883
|
|
|
2016A, 5.000%, 7/01/36
|
|
|
|
|
1,800
|
Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell
|
7/20 at 100.00
|
Aa1
|
2,071,493
|
|
|
University, Series 2010A, 5.000%, 7/01/40
|
|
|
|
|
120
|
Dormitory Authority of the State of New York, Revenue Bonds, Saint Joseph’s College, Series
|
7/20 at 100.00
|
Ba1
|
133,172
|
|
|
2010, 5.250%, 7/01/35
|
|
|
|
|
110
|
Hempstead Town Local Development Corporation, New York, Revenue Bonds, Adelphi University
|
9/23 at 100.00
|
A–
|
129,127
|
|
|
Project, Series 2013, 5.000%, 9/01/38
|
|
|
|
|
2,000
|
Monroe County Industrial Development Corporation, New York, Revenue Bonds, University of
|
7/21 at 100.00
|
AA–
|
2,319,959
|
|
|
Rochester Project, Series 2011B, 5.000%, 7/01/41
|
|
|
|
|
|
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball
|
|
|
|
|
|
Stadium Project, Series 2006:
|
|
|
|
|
500
|
5.000%, 1/01/31 – AMBAC Insured
|
1/17 at 100.00
|
Baa3
|
508,325
|
|
430
|
4.750%, 1/01/42 – AMBAC Insured
|
1/17 at 100.00
|
Baa3
|
436,429
|
|
300
|
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium
|
9/16 at 100.00
|
AA–
|
302,073
|
|
|
Project, Series 2006, 4.750%, 3/01/46 – NPFG Insured
|
|
|
|
|
1,005
|
New York City Trust for Cultural Resources, New York, Revenue Bonds, Wildlife Conservation
|
No Opt. Call
|
AA–
|
1,240,612
|
|
|
Society, Series 2014A, 5.000%, 8/01/32
|
|
|
|
|
750
|
Syracuse Industrial Development Agency, Civic Facility Revenue, Syracuse University, Variable
|
1/17 at 100.00
|
AAA
|
750,000
|
|
|
Rate Demand Bond Series 2005B, 0.380%, 12/01/35
|
|
|
|
|
13,025
|
Total Education and Civic Organizations
|
|
|
15,211,594
|
|
|
Financials – 1.0%
|
|
|
|
|
450
|
New York Liberty Development Corporation, Revenue Bonds, Goldman Sachs Headquarters Issue,
|
No Opt. Call
|
A
|
607,554
|
|
|
Series 2005, 5.250%, 10/01/35
|
|
|
|
|
|
Health Care – 2.1%
|
|
|
|
|
100
|
Dormitory Authority of the State of New York, Highland Hospital of Rochester Revenue Bonds,
|
7/20 at 100.00
|
A
|
113,447
|
|
|
Series 2010, 5.200%, 7/01/32
|
|
|
|
|
|
Dormitory Authority of the State of New York, Orange Regional Medical Center Obligated Group
|
|
|
|
|
|
Revenue Bonds, Series 2008:
|
|
|
|
|
160
|
6.500%, 12/01/21
|
12/18 at 100.00
|
Ba1
|
178,045
|
|
210
|
6.125%, 12/01/29
|
12/18 at 100.00
|
Ba1
|
230,147
|
|
405
|
6.250%, 12/01/37
|
12/18 at 100.00
|
Ba1
|
444,034
|
|
240
|
Yonkers Industrial Development Agency, New York, Revenue Bonds, St. John’s Riverside Hospital,
|
1/17 at 100.00
|
BB–
|
240,588
|
|
|
Series 2001B, 7.125%, 7/01/31
|
|
|
|
|
1,115
|
Total Health Care
|
|
|
1,206,261
|
|
|
Housing/Multifamily – 0.5%
|
|
|
|
|
275
|
New York State Housing Finance Agency, Affordable Housing Revenue, Series 2007A, 5.250%,
|
11/17 at 100.00
|
Aa2
|
282,068
|
|
|
11/01/38 (Alternative Minimum Tax)
|
|
|
|
|
|
Industrials – 3.8%
|
|
|
|
|
40
|
Build New York City Resource Corporation, New York, Solid Waste Disposal Revenue Bonds, Pratt
|
1/25 at 100.00
|
N/R
|
45,658
|
|
|
Paper NY, Inc. Project, Series 2014, 5.000%, 1/01/35 (Alternative Minimum Tax)
|
|
|
|
|
1,865
|
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade
|
11/24 at 100.00
|
N/R
|
2,166,346
|
|
|
Center Project, Class 1 Series 2014, 5.000%, 11/15/44
|
|
|
|
|
1,905
|
Total Industrials
|
|
|
2,212,004
|
|
|
Long-Term Care – 0.5%
|
|
|
|
|
100
|
Dormitory Authority of the State of New York, Non-State Supported Debt, Ozanam Hall of Queens
|
11/16 at 100.00
|
Baa2
|
100,647
|
|
|
Nursing Home Revenue Bonds, Series 2006, 5.000%, 11/01/31
|
|
|
|
|
50
|
Dormitory Authority of the State of New York, Revenue Bonds, Providence Rest, Series 2005,
|
1/17 at 100.00
|
N/R
|
50,022
|
|
|
5.000%, 7/01/35 – ACA Insured
|
|
|
|
|
25
|
Suffolk County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
|
7/16 at 100.00
|
N/R
|
20,743
|
|
|
Needs Facilities Pooled Program, Series 2008-B1, 5.500%, 7/01/18
|
|
|
|
|
110
|
Yonkers Industrial Development Agency, New York, Civic Facilities Revenue Bonds, Special Needs
|
7/16 at 101.00
|
N/R
|
110,556
|
|
|
Facilities Pooled Program Bonds, Series 2008-C1, 5.500%, 7/01/18
|
|
|
|
|
285
|
Total Long-Term Care
|
|
|
281,968
|
|
|
Tax Obligation/General – 3.5%
|
|
|
|
|
515
|
New York City, New York, General Obligation Bonds, Fiscal 2008 Series D-1, 5.125%, 12/01/25
|
12/17 at 100.00
|
AA
|
548,315
|
|
745
|
New York City, New York, General Obligation Bonds, Fiscal 2008 Series D-1, 5.125%, 12/01/25
|
12/17 at 100.00
|
N/R
|
791,257
|
|
600
|
Yonkers, New York, General Obligation Bonds, Refunding Series 2011A, 5.000%, 10/01/24 –
|
10/21 at 100.00
|
AA
|
703,446
|
|
|
AGM Insured
|
|
|
|
|
1,860
|
Total Tax Obligation/General
|
|
|
2,043,018
|
|
|
Tax Obligation/Limited – 26.1%
|
|
|
|
|
1,050
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General
|
No Opt. Call
|
AAA
|
1,261,953
|
|
|
Purpose Series 2012D, 5.000%, 2/15/37
|
|
|
|
|
1,000
|
Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2015B.
|
9/25 at 100.00
|
AAA
|
1,259,760
|
|
|
Group A,B&C, 5.000%, 3/15/35
|
|
|
|
|
1,375
|
Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D, 5.000%, 11/15/29
|
No Opt. Call
|
A
|
1,682,065
|
|
2,000
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series
|
2/21 at 100.00
|
A
|
2,370,896
|
|
|
2011A, 5.750%, 2/15/47
|
|
|
|
|
1,500
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A,
|
2/17 at 100.00
|
A
|
1,538,115
|
|
|
5.000%, 2/15/47
|
|
|
|
|
600
|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
|
1/17 at 100.00
|
AA
|
614,442
|
|
|
Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
|
|
|
|
|
1,000
|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
|
7/25 at 100.00
|
AA
|
1,233,040
|
|
|
Series 2015S-2, 5.000%, 7/15/40
|
|
|
|
|
1,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
|
5/23 at 100.00
|
AAA
|
1,209,230
|
|
|
Fiscal 2013 Series I, 5.000%, 5/01/38
|
|
|
|
|
450
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
|
2/24 at 100.00
|
AAA
|
552,033
|
|
|
Fiscal 2014 Series D-1, 5.000%, 2/01/35
|
|
|
|
|
1,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,
|
2/21 at 100.00
|
AAA
|
1,185,870
|
|
|
Subordinate Series 2011-D1, 5.250%, 2/01/30
|
|
|
|
|
535
|
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,
|
5/19 at 100.00
|
AAA
|
715,247
|
|
|
Tender Option Bond Trust 2015-XF0080, 12.697%, 5/01/32 (IF)
|
|
|
|
|
570
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2005B, 5.500%,
|
No Opt. Call
|
AA+
|
669,419
|
|
|
4/01/20 – AMBAC Insured (UB) (4)
|
|
|
|
|
845
|
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Series 2012A,
|
10/22 at 100.00
|
AA
|
962,244
|
|
|
5.000%, 10/01/32 – AGM Insured
|
|
|
|
|
12,925
|
Total Tax Obligation/Limited
|
|
|
15,254,314
|
|
|
Transportation – 11.0%
|
|
|
|
|
1,000
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2014B,
|
5/24 at 100.00
|
AA–
|
1,248,900
|
|
|
5.250%, 11/15/38
|
|
|
|
|
250
|
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 4 World Trade
|
11/21 at 100.00
|
A+
|
294,170
|
|
|
Center Project, Series 2011, 5.000%, 11/15/44
|
|
|
|
|
245
|
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds,
|
8/21 at 100.00
|
BB
|
268,554
|
|
|
American Airlines, Inc. John F Kennedy International Airport Project, Refunding Series 2016,
|
|
|
|
|
|
5.000%, 8/01/31 (Alternative Minimum Tax)
|
|
|
|
|
680
|
New York Transportation Development Corporation, Special Facilities Bonds, LaGuardia Airport
|
7/24 at 100.00
|
BBB
|
786,590
|
|
|
Terminal B Redevelopment Project, Series 2016A, 5.000%, 7/01/46 (Alternative Minimum Tax)
|
|
|
|
|
1,500
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred
|
9/24 at 100.00
|
AA–
|
1,866,975
|
|
|
Eighty-Forth Series 2014, 5.000%, 9/01/33
|
|
|
|
|
120
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty
|
No Opt. Call
|
AA
|
143,611
|
|
|
Eighth Series 2008, Tender Option Bond Trust 2015-XF2178, 16.592%, 3/16/17 – AGM Insured (IF)
|
|
|
|
|
1,000
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred
|
10/25 at 100.00
|
AA–
|
1,255,860
|
|
|
Ninety-Fourth Series 2015, 5.250%, 10/15/55
|
|
|
|
|
|
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
|
12/16 at 100.00
|
Baa1
|
292,482
|
|
215
|
6.000%, 12/01/36
|
12/20 at 100.00
|
Baa1
|
254,902
|
|
5,300
|
Total Transportation
|
|
|
6,412,044
|
|
|
U.S. Guaranteed – 11.4% (5)
|
|
|
|
|
1,000
|
Albany Industrial Development Agency, New York, Revenue Bonds, Saint Peter’s Hospital, Series
|
11/17 at 100.00
|
N/R (5)
|
1,065,250
|
|
|
2008A, 5.250%, 11/15/32 (Pre-refunded 11/15/17)
|
|
|
|
|
175
|
Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk
|
No Opt. Call
|
Aaa
|
175,032
|
|
|
County Issue, Series 1986, 7.375%, 7/01/16 (ETM)
|
|
|
|
|
1,595
|
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A,
|
7/17 at 100.00
|
AA– (5)
|
1,664,813
|
|
|
5.000%, 7/01/37 (Pre-refunded 7/01/17) – NPFG Insured
|
|
|
|
|
750
|
Dormitory Authority of the State of New York, Revenue Bonds, NYU Hospitals Center, Series
|
7/20 at 100.00
|
A– (5)
|
904,155
|
|
|
2011A, 6.000%, 7/01/40 (Pre-refunded 7/01/20)
|
|
|
|
|
225
|
Erie County Industrial Development Agency, New York, Revenue Bonds, Orchard Park CCRC Inc.
|
11/16 at 100.00
|
N/R (5)
|
229,626
|
|
|
Project, Series 2006A, 6.000%, 11/15/36 (Pre-refunded 11/15/16)
|
|
|
|
|
|
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Oneida
|
|
|
|
|
|
Health System, Series 2007A:
|
|
|
|
|
100
|
5.250%, 2/01/27 (Pre-refunded 2/01/17)
|
2/17 at 100.00
|
Aaa
|
102,766
|
|
90
|
5.500%, 2/01/32 (Pre-refunded 2/01/17)
|
2/17 at 100.00
|
Aaa
|
92,621
|
|
425
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2007, 5.000%,
|
10/17 at 100.00
|
AA+ (5)
|
448,133
|
|
|
4/01/27 (Pre-refunded 10/01/17)
|
|
|
|
|
775
|
New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds,
|
12/17 at 100.00
|
AAA
|
825,313
|
|
|
Series 2008A, 5.000%, 12/15/26 (Pre-refunded 12/15/17) (UB)
|
|
|
|
|
1,000
|
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, Tender
|
3/17 at 100.00
|
AAA
|
1,094,840
|
|
|
Option Bond Trust 6W-144A, 12.469%, 3/15/37 (Pre-refunded 3/01/17) (IF) (4)
|
|
|
|
|
65
|
Seneca County Industrial Development Authority, New York, Revenue Bonds, New York Chiropractic
|
10/17 at 100.00
|
BBB+ (5)
|
68,576
|
|
|
College, Series 2007, 5.000%, 10/01/27 (Pre-refunded 10/01/17)
|
|
|
|
|
6,200
|
Total U.S. Guaranteed
|
|
|
6,671,125
|
|
|
Utilities – 6.5%
|
|
|
|
|
550
|
Chautauqua County Industrial Development Agency, Exempt Facility Revenue Bonds, NRG Dunkirk
|
2/20 at 100.00
|
Baa3
|
598,307
|
|
|
Power Project, Series 2009, 5.875%, 4/01/42
|
|
|
|
|
35
|
Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34
|
10/22 at 100.00
|
BBB
|
39,559
|
|
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
|
|
|
|
|
35
|
5.000%, 12/01/23 – FGIC Insured
|
12/16 at 100.00
|
AA–
|
35,137
|
|
25
|
5.000%, 12/01/25 – FGIC Insured
|
12/16 at 100.00
|
AA–
|
25,100
|
|
50
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2014A,
|
9/24 at 100.00
|
A–
|
59,919
|
|
|
5.000%, 9/01/44
|
|
|
|
|
400
|
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A,
|
5/21 at 100.00
|
A–
|
455,240
|
|
|
5.000%, 5/01/38
|
|
|
|
|
865
|
Niagara Area Development Corporation, New York, Solid Waste Disposal Facility Revenue
|
No Opt. Call
|
BB+
|
886,833
|
|
|
Refunding Bonds, Covanta Energy Project, Series 2012A, 5.250%, 11/01/42 (Alternative
|
|
|
|
|
|
Minimum Tax)
|
|
|
|
|
1,365
|
Utility Debt Securitization Authority, New York, Restructuring Bonds, Series 2013TE,
|
12/23 at 100.00
|
AAA
|
1,679,278
|
|
|
5.000%, 12/15/41
|
|
|
|
|
3,325
|
Total Utilities
|
|
|
3,779,373
|
|
|
Water and Sewer – 5.1%
|
|
|
|
|
200
|
Buffalo Municipal Water Finance Authority, New York, Water System Revenue Bonds, Refunding
|
7/25 at 100.00
|
A
|
248,280
|
|
|
Series 2015A, 5.000%, 7/01/29
|
|
|
|
|
275
|
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue
|
6/18 at 100.00
|
AA+
|
365,074
|
|
|
Bonds, Tender Option Bond Trust 2015-XF0097, 16.688%, 12/15/31 (IF)
|
|
|
|
|
1,800
|
New York State Environmental Facilities Corporation, State Clean Water and Drinking Water
|
6/26 at 100.00
|
AAA
|
2,332,475
|
|
|
Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects,
|
|
|
|
|
|
Second Resolution Subordinated SRF Series 2016A, 5.000%, 6/15/32
|
|
|
|
|
2,275
|
Total Water and Sewer
|
|
|
2,945,829
|
|
$ 50,045
|
Total Long-Term Investments (cost $52,642,732)
|
|
|
58,014,064
|
|
|
|||||
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
SHORT-TERM INVESTMENTS – 1.3%
|
|
|
|
|
|
MUNICIPAL BONDS – 1.3%
|
|
|
|
|
|
Education and Civic Organizations – 1.3%
|
|
|
|
|
$ 750
|
Syracuse Industrial Development Agency, Civic Facility Revenue, Syracuse University, Variable
|
7/16 at 100.00
|
A-1+
|
$ 750,000
|
|
|
Rate Demand Obligations, Series 2005B, 0.400%, 12/01/35 (6)
|
|
|
|
|
$ 750
|
Total Short-Term Investments (cost $750,000)
|
|
|
750,000
|
|
|
Total Investments (cost $53,392,732) – 100.8%
|
|
|
58,764,064
|
|
|
Floating Rate Obligations – (1.7)%
|
|
|
(1,005,000)
|
|
|
Other Assets Less Liabilities – 0.9%
|
|
|
556,067
|
|
|
Net Assets – 100%
|
|
|
$ 58,315,131
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Long-Term Investments:
|
|
|
|
|
Municipal Bonds
|
$ —
|
$58,014,064
|
$ —
|
$58,014,064
|
Short-Term Investments:
|
|
|
|
|
Municipal Bonds
|
—
|
750,000
|
—
|
750,000
|
Total
|
$ —
|
$58,764,064
|
$ —
|
$58,764,064
|
Gross unrealized:
|
|
Appreciation
|
$5,396,149
|
Depreciation
|
(4,573)
|
Net unrealized appreciation (depreciation) of investments
|
$5,391,576
|
(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)
|
For financial reporting purposes, the ratings disclosed are 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)
|
Investment has a maturity of greater than one year, but has variable rate and/or demand features which
|
|
|
qualify it as a short-term investment. The rate disclosed is that in effect as of the end of the reporting
|
|
|
period. This rate changes periodically based on market conditions or a specified market index.
|
|
(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.
|
By (Signature and Title) | /s/ Kevin J. McCarthy |
Kevin J. McCarthy
Vice President and Secretary
|
By (Signature and Title) | /s/ Gifford R. Zimmerman |
Gifford R. Zimmerman
Chief Administrative Officer (principal executive officer)
|
By (Signature and Title) | /s/ Stephen D. Foy |
Stephen D. Foy
Vice President and Controller (principal financial officer)
|