Portfolio of Investments (Unaudited)
|
|||||
Nuveen New York Select Tax-Free Income Portfolio (NXN)
|
|||||
December 31, 2010
|
|||||
Principal
|
Optional Call
|
||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Consumer Discretionary – 0.1%
|
|||||
$ 100
|
New York City Industrial Development Agency, New York, Liberty Revenue Bonds,
|
9/15 at 100.00
|
BB+
|
$ 83,595
|
|
IAC/InterActiveCorp, Series 2005, 5.000%, 9/01/35
|
|||||
Consumer Staples – 1.6%
|
|||||
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006:
|
|||||
375
|
4.750%, 6/01/22
|
6/16 at 100.00
|
BBB
|
358,725
|
|
540
|
5.000%, 6/01/26
|
6/16 at 100.00
|
BBB
|
502,589
|
|
915
|
Total Consumer Staples
|
861,314
|
|||
Education and Civic Organizations – 8.6%
|
|||||
100
|
Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School, Series
|
7/17 at 100.00
|
BBB
|
91,599
|
|
2007A, 5.000%, 7/01/31
|
|||||
50
|
Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter
|
4/17 at 100.00
|
N/R
|
38,746
|
|
Schools, Series 2007A, 5.000%, 4/01/37
|
|||||
30
|
Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, St. Bonaventure
|
5/16 at 100.00
|
BBB–
|
28,590
|
|
University, Series 2006, 5.000%, 5/01/23
|
|||||
430
|
Dormitory Authority of the State of New York, General Revenue Bonds, Manhattan College, Series
|
7/17 at 100.00
|
N/R
|
361,750
|
|
2007A, 5.000%, 7/01/41 – RAAI Insured
|
|||||
1,000
|
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of
|
No Opt. Call
|
BBB
|
911,430
|
|
Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured
|
|||||
785
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, Iona College, Series
|
7/12 at 100.00
|
BBB
|
790,974
|
|
2002, 5.000%, 7/01/22 – SYNCORA GTY Insured
|
|||||
50
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
|
7/15 at 100.00
|
Aa2
|
50,947
|
|
Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured
|
|||||
120
|
Dormitory Authority of the State of New York, Revenue Bonds, St. Joseph’s College, Series
|
7/20 at 100.00
|
Baa1
|
113,068
|
|
2010, 5.250%, 7/01/35
|
|||||
100
|
Hempstead Town Industrial Development Agency, New York, Revenue Bonds, Adelphi University,
|
10/15 at 100.00
|
A
|
95,749
|
|
Civic Facility Project, Series 2005, 5.000%, 10/01/35
|
|||||
100
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, St.
|
10/14 at 100.00
|
A–
|
94,674
|
|
Francis College, Series 2004, 5.000%, 10/01/34
|
|||||
500
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, YMCA of
|
2/11 at 100.00
|
A–
|
500,240
|
|
Greater New York, Series 2002, 5.250%, 8/01/21
|
|||||
430
|
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball
|
1/17 at 100.00
|
BB+
|
335,103
|
|
Stadium Project, Series 2006, 4.750%, 1/01/42 – AMBAC Insured
|
|||||
590
|
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium
|
9/16 at 100.00
|
BBB–
|
488,532
|
|
Project, Series 2006, 4.500%, 3/01/39 – FGIC Insured
|
|||||
500
|
New York Liberty Development Corporation, Second Priority Liberty Revenue Refunding Bonds,
|
1/20 at 100.00
|
AA
|
510,460
|
|
Bank of America Tower at One Bryant Park Project, Series 2010, 5.625%, 1/15/46
|
|||||
200
|
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities
|
2/11 at 100.00
|
BBB–
|
200,016
|
|
Financing Authority, Higher Education Revenue Bonds, Ana G. Mendez University System, Series
|
|||||
1999, 5.375%, 2/01/19
|
|||||
65
|
Seneca County Industrial Development Authority, New York, Revenue Bonds, New York Chiropractic
|
10/17 at 100.00
|
BBB
|
60,657
|
|
College, Series 2007, 5.000%, 10/01/27
|
|||||
5,050
|
Total Education and Civic Organizations
|
4,672,535
|
|||
Financials – 0.8%
|
|||||
435
|
Liberty Development Corporation, New York, Goldman Sachs Headquarters Revenue Bonds Series
|
No Opt. Call
|
A1
|
436,175
|
|
2007, 5.500%, 10/01/37
|
|||||
Health Care – 14.7%
|
|||||
450
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore
|
2/15 at 100.00
|
BBB
|
440,915
|
|
Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured
|
|||||
500
|
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, St. Lukes Roosevelt
|
8/15 at 100.00
|
N/R
|
452,940
|
|
Hospital, Series 2005, 4.900%, 8/15/31
|
|||||
100
|
Dormitory Authority of the State of New York, Highland Hospital of Rochester Revenue Bonds,
|
7/20 at 100.00
|
A2
|
96,001
|
|
Series 2010, 5.200%, 7/01/32
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Lenox Hill Hospital Obligated
|
|||||
Group, Series 2001:
|
|||||
110
|
5.375%, 7/01/20
|
7/11 at 101.00
|
Baa3
|
110,211
|
|
100
|
5.500%, 7/01/30
|
7/11 at 101.00
|
Baa3
|
96,073
|
|
950
|
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan Kettering Cancer
|
7/16 at 100.00
|
AA
|
923,847
|
|
Center, Series 2006-1, 5.000%, 7/01/35
|
|||||
670
|
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer
|
7/13 at 100.00
|
AA
|
691,474
|
|
Center, Series 2003-1, 5.000%, 7/01/21 – NPFG Insured
|
|||||
395
|
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian
|
8/14 at 100.00
|
AA+
|
425,869
|
|
Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured
|
|||||
1,680
|
Dormitory Authority of the State of New York, Revenue Bonds, Winthrop South Nassau University
|
7/11 at 101.00
|
N/R
|
1,705,838
|
|
Health System Obligated Group, Series 2001A, 5.250%, 7/01/17 – AMBAC Insured
|
|||||
1,195
|
Dormitory Authority of the State of New York, Revenue Bonds, Winthrop South Nassau University
|
7/11 at 101.00
|
Baa1
|
1,213,379
|
|
Health System Obligated Group, Series 2001B, 5.250%, 7/01/17 – AMBAC Insured
|
|||||
500
|
Dormitory Authority of the State of New York, Revenue Bonds, Winthrop-South Nassau University
|
7/13 at 100.00
|
Baa1
|
476,980
|
|
Hospital Association, Series 2003A, 5.500%, 7/01/32
|
|||||
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Oneida
|
|||||
Health System, Series 2007A:
|
|||||
100
|
5.250%, 2/01/27
|
No Opt. Call
|
BBB–
|
87,456
|
|
90
|
5.500%, 2/01/32
|
No Opt. Call
|
BBB–
|
78,533
|
|
750
|
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series
|
2/13 at 100.00
|
Aa3
|
769,965
|
|
2003A, 5.250%, 2/15/21 – AMBAC Insured
|
|||||
235
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Staten
|
7/12 at 101.00
|
Baa3
|
235,080
|
|
Island University Hospital, Series 2002C, 6.450%, 7/01/32
|
|||||
125
|
Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series
|
11/20 at 100.00
|
A3
|
123,286
|
|
2010-C2, 6.125%, 11/01/37
|
|||||
7,950
|
Total Health Care
|
7,927,847
|
|||
Housing/Multifamily – 6.0%
|
|||||
1,700
|
Amherst Industrial Development Agency, New York, Revenue Bonds, UBF Faculty/Student Housing
|
8/12 at 101.00
|
N/R
|
1,701,309
|
|
Corporation, University of Buffalo Creekside Project, Series 2002A, 5.000%, 8/01/22 –
|
|||||
AMBAC Insured
|
|||||
1,000
|
New Hartford-Sunset Woods Funding Corporation, New York, FHA-Insured Mortgage Revenue Bonds,
|
8/12 at 101.00
|
AAA
|
1,020,590
|
|
Sunset Woods Apartments II Project, Series 2002, 5.350%, 2/01/20
|
|||||
250
|
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
|
5/14 at 100.00
|
AA
|
250,283
|
|
Series 2004A, 5.250%, 11/01/30
|
|||||
275
|
New York State Housing Finance Agency, Affordable Housing Revenue, Series 2007A, 5.250%,
|
11/17 at 100.00
|
Aa2
|
258,173
|
|
11/01/38 (Alternative Minimum Tax)
|
|||||
3,225
|
Total Housing/Multifamily
|
3,230,355
|
|||
Housing/Single Family – 8.3%
|
|||||
2,000
|
New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 101, 5.000%,
|
10/11 at 100.00
|
Aa1
|
2,008,760
|
|
10/01/18 (Alternative Minimum Tax)
|
|||||
2,500
|
New York State Mortgage Agency, Mortgage Revenue Bonds, Thirty-First Series A, 5.300%,
|
4/11 at 100.00
|
Aaa
|
2,459,625
|
|
10/01/31 (Alternative Minimum Tax)
|
|||||
4,500
|
Total Housing/Single Family
|
4,468,385
|
|||
Long-Term Care – 11.4%
|
|||||
1,750
|
Dormitory Authority of the State of New York, FHA-Insured Nursing Home Mortgage Revenue Bonds,
|
8/11 at 101.00
|
Baa1
|
1,706,425
|
|
Norwegian Christian Home and Health Center, Series 2001, 5.200%, 8/01/36 – NPFG Insured
|
|||||
100
|
Dormitory Authority of the State of New York, Non-State Supported Debt, Ozanam Hall of Queens
|
11/16 at 100.00
|
Baa3
|
89,060
|
|
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,
|
7/15 at 100.00
|
N/R
|
31,305
|
|
5.000%, 7/01/35 – ACA Insured
|
|||||
2,000
|
East Rochester Housing Authority, New York, FHA-Insured Mortgage Revenue Refunding Bonds,
|
8/12 at 101.00
|
AAA
|
2,071,220
|
|
Jewish Home of Rochester, Series 2002, 4.625%, 2/15/17
|
|||||
1,000
|
East Rochester Housing Authority, New York, Revenue Bonds, GNMA/FHA-Secured Revenue Bonds, St.
|
12/12 at 103.00
|
N/R
|
1,023,270
|
|
Mary’s Residence Project, Series 2002A, 5.375%, 12/20/22
|
|||||
980
|
New York City Industrial Development Agency, New York, GNMA Collateralized Mortgage Revenue
|
11/12 at 101.00
|
AA+
|
949,022
|
|
Bonds, Eger Harbor House Inc., Series 2002A, 4.950%, 11/20/32
|
|||||
25
|
Suffolk County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
|
7/16 at 100.00
|
N/R
|
22,616
|
|
Needs Facilities Pooled Program, Series 2008-B1, 5.500%, 7/01/18
|
|||||
275
|
Yonkers Industrial Development Agency, New York, Civic Facilities Revenue Bonds, Special Needs
|
7/16 at 101.00
|
N/R
|
248,771
|
|
Facilities Pooled Program Bonds, Series 2008-C1, 5.500%, 7/01/18
|
|||||
6,180
|
Total Long-Term Care
|
6,141,689
|
|||
Materials – 0.2%
|
|||||
90
|
Jefferson County Industrial Development Agency, New York, Solid Waste Disposal Revenue Bonds,
|
12/13 at 100.00
|
BBB
|
86,294
|
|
International Paper Company Project, Series 2003A, 5.200%, 12/01/20 (Alternative Minimum Tax)
|
|||||
Tax Obligation/General – 7.4%
|
|||||
Clarkstown, Rickland County, New York, Various Purposes Serial Bonds, Series 1992:
|
|||||
525
|
5.600%, 6/15/11 – AMBAC Insured
|
No Opt. Call
|
AAA
|
537,784
|
|
525
|
5.600%, 6/15/12 – AMBAC Insured
|
No Opt. Call
|
AAA
|
563,215
|
|
300
|
New York City, New York, General Obligation Bonds, Fiscal Series 2004C, 5.250%, 8/15/16
|
8/14 at 100.00
|
AA
|
329,901
|
|
200
|
New York City, New York, General Obligation Bonds, Fiscal Series 2005J, 5.000%, 3/01/19 –
|
3/15 at 100.00
|
AA
|
215,826
|
|
FGIC Insured
|
|||||
1,000
|
New York City, New York, General Obligation Bonds, Fiscal Series 2006J-1, 5.000%, 6/01/25
|
6/16 at 100.00
|
AA
|
1,031,520
|
|
1,260
|
New York City, New York, General Obligation Bonds, Series 2007D, 5.125%, 12/01/25
|
12/17 at 100.00
|
AA
|
1,309,808
|
|
3,810
|
Total Tax Obligation/General
|
3,988,054
|
|||
Tax Obligation/Limited – 18.2%
|
|||||
600
|
Battery Park City Authority, New York, Senior Revenue Bonds, Series 2003A, 5.000%, 11/01/23
|
11/13 at 100.00
|
AAA
|
628,278
|
|
500
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo
|
5/14 at 100.00
|
AA+
|
513,410
|
|
City School District, Series 2004, 5.750%, 5/01/26 – AGM Insured
|
|||||
500
|
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds,
|
7/12 at 100.00
|
AA–
|
527,065
|
|
Series 2002A, 5.500%, 1/01/20 – NPFG Insured
|
|||||
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local
|
|||||
Government Assistance Corporation, Series 2004A:
|
|||||
250
|
5.000%, 10/15/25 – NPFG Insured
|
10/14 at 100.00
|
AAA
|
258,180
|
|
200
|
5.000%, 10/15/26 – NPFG Insured
|
10/14 at 100.00
|
AAA
|
204,988
|
|
1,225
|
5.000%, 10/15/29 – AMBAC Insured
|
10/14 at 100.00
|
AAA
|
1,239,014
|
|
600
|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
|
1/17 at 100.00
|
AA–
|
607,626
|
|
Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
|
|||||
670
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
|
2/13 at 100.00
|
AAA
|
707,533
|
|
Series 2003E, 5.000%, 2/01/23 – FGIC Insured
|
|||||
550
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal
|
11/17 at 100.00
|
AAA
|
570,411
|
|
Series 2007C-1, 5.000%, 11/01/27
|
|||||
535
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Tender
|
5/19 at 100.00
|
AAA
|
539,767
|
|
Option Bond Trust 3545, 13.477%, 5/01/32 (IF)
|
|||||
775
|
New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds,
|
12/17 at 100.00
|
AAA
|
804,233
|
|
Series 2008A, 5.000%, 12/15/26 (UB)
|
|||||
250
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General Series
|
4/14 at 100.00
|
AA
|
262,275
|
|
2004A, 5.000%, 4/01/21 – NPFG Insured
|
|||||
425
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2007,
|
10/17 at 100.00
|
AA
|
435,855
|
|
5.000%, 4/01/27
|
|||||
570
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2005B,
|
No Opt. Call
|
AA
|
655,985
|
|
5.500%, 4/01/20 – AMBAC Insured (UB)
|
|||||
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and
|
|||||
State Contingency Contract-Backed Bonds, Series 2003A-1:
|
|||||
1,000
|
5.250%, 6/01/20 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
1,064,610
|
|
250
|
5.250%, 6/01/21 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
259,448
|
|
500
|
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and
|
6/13 at 100.00
|
AA–
|
527,805
|
|
State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21
|
|||||
9,400
|
Total Tax Obligation/Limited
|
9,806,483
|
|||
Transportation – 2.3%
|
|||||
180
|
Albany Parking Authority, New York, Revenue Bonds, Series 2001A, 5.625%, 7/15/25
|
7/11 at 101.00
|
BBB+
|
180,862
|
|
500
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2003A,
|
No Opt. Call
|
A
|
552,760
|
|
5.000%, 11/15/15 – FGIC Insured
|
|||||
100
|
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 –
|
7/15 at 100.00
|
AA+
|
101,346
|
|
AGM Insured
|
|||||
105
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth
|
6/15 at 101.00
|
Aa2
|
105,368
|
|
Series 2005, 5.000%, 12/01/31 – SYNCORA GTY Insured
|
|||||
120
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty
|
8/17 at 100.00
|
AA+
|
119,030
|
|
Eighth Series 2008, Trust 2920, 16.944%, 8/15/32 – AGM Insured (IF)
|
|||||
215
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
|
12/20 at 100.00
|
BBB–
|
213,590
|
|
Terminal LLC Project, Eigth Series 2010, 6.000%, 12/01/36
|
|||||
1,220
|
Total Transportation
|
1,272,956
|
|||
U.S. Guaranteed – 4.9% (4)
|
|||||
220
|
Albany Parking Authority, New York, Revenue Bonds, Series 2001A, 5.625%, 7/15/25
|
7/11 at 101.00
|
BBB+ (4)
|
228,551
|
|
(Pre-refunded 7/15/11)
|
|||||
880
|
Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk
|
No Opt. Call
|
AAA
|
1,028,553
|
|
County Issue, Series 1986, 7.375%, 7/01/16 (ETM)
|
|||||
250
|
Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish
|
5/13 at 100.00
|
Aaa
|
275,740
|
|
Group, Series 2003, 5.375%, 5/01/23 (Pre-refunded 5/01/13)
|
|||||
180
|
Suffolk County Water Authority, New York, Water Revenue Bonds, Series 1986V,
|
No Opt. Call
|
AAA
|
189,547
|
|
6.750%, 6/01/12 (ETM)
|
|||||
880
|
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2002-1, 5.500%, 7/15/24
|
7/12 at 100.00
|
AAA
|
934,974
|
|
(Pre-refunded 7/15/12)
|
|||||
2,410
|
Total U.S. Guaranteed
|
2,657,365
|
|||
Utilities – 3.3%
|
|||||
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
|
|||||
570
|
5.000%, 12/01/23 – FGIC Insured
|
6/16 at 100.00
|
A–
|
582,335
|
|
430
|
5.000%, 12/01/25 – FGIC Insured
|
6/16 at 100.00
|
A–
|
434,451
|
|
500
|
New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, New
|
3/11 at 100.00
|
BBB+
|
501,825
|
|
York State Electric and Gas Corporation, Series 2005A, 4.100%, 3/15/15 – NPFG Insured
|
|||||
250
|
Niagara County Industrial Development Agency, New York, Solid Waste Disposal Facility Revenue
|
11/11 at 101.00
|
Baa2
|
254,863
|
|
Bonds, American Ref-Fuel Company of Niagara LP, Series 2001A, 5.450%, 11/15/26 (Mandatory
|
|||||
put 11/15/12) (Alternative Minimum Tax)
|
|||||
1,750
|
Total Utilities
|
1,773,474
|
|||
Water and Sewer – 12.3%
|
|||||
2,500
|
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue
|
6/11 at 101.00
|
AAA
|
2,505,650
|
|
Bonds, Fiscal Series 2001C, 5.125%, 6/15/33
|
|||||
New York State Environmental Facilities Corporation, State Clean Water and Drinking Water
|
|||||
Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Loan,
|
|||||
Series 2002B:
|
|||||
2,000
|
5.250%, 6/15/19
|
6/12 at 100.00
|
AAA
|
2,107,360
|
|
2,000
|
5.000%, 6/15/27
|
6/12 at 100.00
|
AAA
|
2,007,734
|
|
6,500
|
Total Water and Sewer
|
6,620,744
|
|||
$ 53,535
|
Total Investments (cost $53,807,118) – 100.1%
|
54,027,265
|
|||
Floating Rate Obligations – (1.9)%
|
(1,005,000)
|
||||
Other Assets Less Liabilities – 1.8%
|
955,699
|
||||
Net Assets – 100%
|
$ 53,977,964
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Investments:
|
||||
Municipal Bonds
|
$ —
|
$54,027,265
|
$ —
|
$54,027,265
|
Gross unrealized:
|
|
Appreciation
|
$1,015,259
|
Depreciation
|
(783,641)
|
Net unrealized appreciation (depreciation) of investments
|
$ 231,618
|
(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 Investor 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. Such investments are normally considered to
|
||
be equivalent to AAA rated securities.
|
||
N/R
|
Not rated.
|
|
(ETM)
|
Escrowed to maturity.
|
|
(IF)
|
Inverse floating rate investment.
|
|
(UB)
|
Underlying bond of an inverse floating rate trust reflected as a financing 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.
|