Scott C. Goebel, Secretary
245 Summer St.
Item 1. Reports to Stockholders
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2013 to February 28, 2014).
The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.
Yield refers to the income paid by the fund over a given period. Yields for money market funds are usually for seven-day periods, as they are here, though they are expressed as annual percentage rates. Past performance is no guarantee of future results. Yield will vary and it's possible to lose money investing in the Fund. A portion of the Fund's expenses was reimbursed and/or waived. Absent such reimbursements and/or waivers the yield for the period ending February 28, 2014, the most recent period shown in the table, would have been -0.37%.
Variable Rate Demand Note - 54.9% |
| Principal Amount (000s) | | Value (000s) |
Alabama - 0.1% |
Mobile Indl. Dev. Board Solid Waste Disp. Rev. (Alabama Pwr. Co. Barry Plant Proj.) Second Series 2009, 0.04% 3/3/14, VRDN (c) | $ 600 | | $ 600 |
Alaska - 1.8% |
Anchorage Wastewtr. Rev. Participating VRDN Series Solar 07 97, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(f) | 2,820 | | 2,820 |
Valdez Marine Term. Rev.: | | | |
(ConocoPhillips Proj.) Series 1994 A, 0.03% 3/7/14 (ConocoPhillips Co. Guaranteed), VRDN (c) | 6,900 | | 6,900 |
(Phillips Trans. Alaska, Inc. Proj.) Series 1994 B, 0.04% 3/7/14 (ConocoPhillips Co. Guaranteed), VRDN (c) | 6,600 | | 6,600 |
| | 16,320 |
Arizona - 3.0% |
Arizona Health Facilities Auth. Rev.: | | | |
(Banner Health Sys. Proj.) Series 2008 G, 0.02% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 1,070 | | 1,070 |
(Catholic Healthcare West Proj.): | | | |
Series 2005 B, 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 600 | | 600 |
Series 2008 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 1,500 | | 1,500 |
Series 2008 B, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 800 | | 800 |
Maricopa County Indl. Dev. Auth. Rev. (Valley of the Sun YMCA Proj.) Series 2008, 0.06% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 1,300 | | 1,300 |
Phoenix Indl. Dev. Auth. Multi-family Hsg. Rev. (Del Mar Terrace Apts. Proj.) Series 1999 A, 0.04% 3/7/14, LOC Freddie Mac, VRDN (c) | 10,500 | | 10,500 |
Salt River Proj. Agricultural Impt. & Pwr. District Elec. Sys. Rev. Participating VRDN: | | | |
Series Putters 3467, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | 2,115 | | 2,115 |
Series Putters 3708Z, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | 5,875 | | 5,875 |
Tempe Indl. Dev. Auth. Rev. (ASUF Brickyard Proj.) Series 2004 A, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 3,500 | | 3,500 |
| | 27,260 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
California - 1.5% |
Bay Area Toll Auth. San Francisco Bay Toll Bridge Rev. Participating VRDN Series ROC II R 11453, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | $ 1,800 | | $ 1,800 |
California Edl. Facilities Auth. Rev. (Univ. of San Francisco Proj.) Series 2000, 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 3,865 | | 3,865 |
El Dorado Irrigation District Rev. Ctfs. of Prtn. Series 2008 A, 0.03% 3/7/14, LOC Citibank NA, VRDN (c) | 2,550 | | 2,550 |
Riverside Ctfs. of Prtn. (Riverside Renaissance Proj.) Series 2008, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 2,800 | | 2,800 |
San Francisco City & County Fin. Corp. Lease Rev. (Moscone Ctr. Expansion Proj.) Series 2008 1, 0.03% 3/7/14, LOC Bank of America NA, VRDN (c) | 845 | | 845 |
Santa Clara County Fing. Auth. Lease Rev. (Multiple Facilities Proj.) Series 2008 M, 0.05% 3/7/14, LOC Bank of America NA, VRDN (c) | 1,470 | | 1,470 |
Whittier Gen. Oblig. (Whittier College Proj.) Series 2008, 0.04% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 600 | | 600 |
| | 13,930 |
Colorado - 1.7% |
Colorado Edl. & Cultural Facilities Auth. Rev. (Clyfford Still Museum Proj.) Series 2008, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 1,100 | | 1,100 |
Colorado Health Facilities Auth. Retirement Hsg. Rev. Participating VRDN Series Putters 1390, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | 2,065 | | 2,065 |
Colorado Reg'l. Trans. District Sales Tax Rev. Participating VRDN Series EGL 07 0040, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | 3,700 | | 3,700 |
Mesa County Econ. Dev. Rev. (Leitner-Poma of America, Inc. Proj.) Series 2009, 0.14% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 7,090 | | 7,090 |
Moffat County Poll. Cont. Rev. (Tri-State Generation and Transmission Assoc., Inc. Proj.) Series 2009, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 1,300 | | 1,300 |
| | 15,255 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Connecticut - 0.5% |
Connecticut Health & Edl. Facilities Auth. Rev.: | | | |
(Yale-New Haven Hosp. Proj.) Series L2, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | $ 400 | | $ 400 |
Participating VRDN Series EGL 7 05 3031, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | 4,300 | | 4,300 |
| | 4,700 |
Delaware - 0.8% |
Delaware Econ. Dev. Auth. Rev. (Delmarva Pwr. & Lt. Co. Proj.) Series 1999 A, 0.21% 3/7/14, VRDN (c) | 3,000 | | 3,000 |
Wilmington Adjustable Rate Demand Rev. (Delaware Art Museum, Inc. Proj.) 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 4,000 | | 4,000 |
| | 7,000 |
District Of Columbia - 0.9% |
District of Columbia Rev.: | | | |
(American Psychological Assoc. Proj.) Series 2003, 0.08% 3/7/14, LOC Bank of America NA, VRDN (c) | 1,000 | | 1,000 |
(The AARP Foundation Proj.) Series 2004, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 1,500 | | 1,500 |
(The Washington Ctr. for Internships and Academic Seminars Proj.) Series 2009, 0.03% 3/7/14, LOC Branch Banking & Trust Co., VRDN (c) | 4,700 | | 4,700 |
(Washington Drama Society, Inc. Proj.) Series 2008, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 500 | | 500 |
District of Columbia Univ. Rev. (American Univ. Proj.) Series 2006 B, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 1,000 | | 1,000 |
| | 8,700 |
Florida - 3.6% |
Broward County Fin. Auth. Multi-family Hsg. Rev. (Reflections Apts. Proj.) Series 1999, 0.03% 3/7/14, LOC Freddie Mac, VRDN (c) | 5,165 | | 5,165 |
Florida Hsg. Fin. Corp. Multi-family Mtg. Rev.: | | | |
(Mariner's Cay Apts. Proj.) Series 2008 M, 0.03% 3/7/14, LOC Fannie Mae, VRDN (c) | 1,360 | | 1,360 |
(Victoria Park Apts. Proj.) Series 2002 J, 0.03% 3/7/14, LOC Fannie Mae, VRDN (c) | 1,100 | | 1,100 |
Highlands County Health Facilities Auth. Rev. Participating VRDN Series ROC II R 11830, 0.05% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | 875 | | 875 |
Jacksonville Hsg. Fin. Auth. Multi-family Hsg. Rev. (Augustine Apts. Proj.) 0.03% 3/7/14, LOC Fannie Mae, VRDN (c) | 2,650 | | 2,650 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Florida - continued |
Orange County Health Facilities Auth. Rev. (The Nemours Foundation Proj.) Series 2009 B, 0.04% 3/7/14, LOC Northern Trust Co., VRDN (c) | $ 1,000 | | $ 1,000 |
Orange County Indl. Dev. Auth. Indl. Dev. Rev. (Central Florida YMCA Proj.) Series 2002 A, 0.07% 3/7/14, LOC Bank of America NA, VRDN (c) | 1,200 | | 1,200 |
Palm Beach County Rev. (Saint Andrew's School of Boca Raton, Inc. Proj.) Series 2007, 0.07% 3/7/14, LOC Bank of America NA, VRDN (c) | 1,900 | | 1,900 |
Palm Beach County Solid Waste Auth. Rev. Participating VRDN Series ROC II 14003, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | 2,930 | | 2,930 |
Palm Beach County Wtr. & Swr. Rev. Participating VRDN Series Putters 2622, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | 2,765 | | 2,765 |
Pasco County School Board Ctfs. of Prtn. Series 2008 C, 0.06% 3/7/14, LOC Bank of America NA, VRDN (c) | 5,100 | | 5,100 |
Pinellas County Hsg. Fin. Auth. (Booker Creek Apts. Proj.) Series 2009, 0.03% 3/7/14, LOC Freddie Mac, VRDN (c) | 5,000 | | 5,000 |
Volusia County Hsg. Fin. Auth. Multi-family Hsg. Rev. (Fisherman's Landing Apts. Proj.) 0.03% 3/7/14, LOC Fannie Mae, VRDN (c) | 1,850 | | 1,850 |
| | 32,895 |
Georgia - 1.7% |
Burke County Indl. Dev. Auth. Poll. Cont. Rev. (Oglethorpe Pwr. Corp. Proj.) Series 2010 A, 0.05% 3/7/14, LOC Bank of America NA, VRDN (c) | 1,600 | | 1,600 |
Cobb County Kennestone Hosp. Auth. Rev. (WellStar Health Sys. Proj.) Series 2005 A, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 1,500 | | 1,500 |
Fulton County Dev. Auth. (Mount Vernon Presbyterian School Proj.) Series 2005, 0.03% 3/7/14, LOC Branch Banking & Trust Co., VRDN (c) | 2,400 | | 2,400 |
Main Street Natural Gas, Inc. Georgia Gas Proj. Rev. Series 2010 A, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada), VRDN (c) | 8,200 | | 8,200 |
Metropolitan Atlanta Rapid Transit Auth. Sales Tax Rev. Series 2000 B, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (c) | 2,300 | | 2,300 |
| | 16,000 |
Hawaii - 1.4% |
Eclipse Fdg. Trust Various States Participating VRDN Series Solar 12 14, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(f) | 600 | | 600 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Hawaii - continued |
Hawaii Gen. Oblig. Participating VRDN Series Putters 4007, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | $ 4,665 | | $ 4,665 |
Hawaii State Hsg. Fin. & Dev. Corp. Rev. (Lokahi Kau Apts. Proj.) Series 2008, 0.04% 3/7/14, LOC Freddie Mac, VRDN (c) | 2,300 | | 2,300 |
Honolulu City & County Gen. Oblig. Participating VRDN Series Putters 3391, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | 5,000 | | 5,000 |
| | 12,565 |
Illinois - 6.4% |
Chicago Metropolitan Wtr. Reclamation District Greater Chicago Participating VRDN Series Solar 06 75, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(f) | 3,200 | | 3,200 |
Chicago O'Hare Int'l. Arpt. Rev. Series 2005 D, 0.04% 3/7/14, LOC Barclays Bank PLC, VRDN (c) | 700 | | 700 |
Chicago Wtr. Rev.: | | | |
Series 2004 A2, 0.08% 3/7/14, LOC California Pub. Employees Retirement Sys., VRDN (c) | 4,105 | | 4,105 |
Series 2004 A3, 0.05% 3/7/14, LOC State Street Bank & Trust Co., Boston, VRDN (c) | 1,505 | | 1,505 |
Illinois Fin. Auth. Rev.: | | | |
(Chicago Historical Society Proj.) Series 2006, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 18,900 | | 18,900 |
(Edward Hosp. Obligated Group Proj.) Series 2008 B1, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 2,900 | | 2,900 |
(Museum of Science & Industry Proj.) Series 2009 C, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 1,000 | | 1,000 |
(Rush Univ. Med. Ctr. Proj.) Series 2008 A, 0.03% 3/7/14, LOC Northern Trust Co., VRDN (c) | 4,600 | | 4,600 |
(Spertus Institute of Jewish Studies Proj.) 0.04% 3/7/14, LOC Northern Trust Co., VRDN (c) | 3,400 | | 3,400 |
Participating VRDN Series MS 3332, 0.03% 3/7/14 (Liquidity Facility Cr. Suisse AG) (c)(f) | 1,000 | | 1,000 |
Series 2007 F, 0.03% 3/7/14, LOC Barclays Bank PLC, VRDN (c) | 2,200 | | 2,200 |
Series 2011 B, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (c) | 950 | | 950 |
Illinois Health Facilities Auth. Rev. (Herman M. Finch Univ. of Health Sciences/The Chicago Med. School Proj.) Series 2003, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 400 | | 400 |
Illinois Hsg. Dev. Auth. Multi-family Hsg. Rev. 0.04% 3/7/14, LOC Freddie Mac, VRDN (c) | 500 | | 500 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Illinois - continued |
Illinois Toll Hwy. Auth. Toll Hwy. Rev. Series 2007 A1, 0.04% 3/7/14, LOC Citibank NA, VRDN (c) | $ 5,900 | | $ 5,900 |
Lake County Multi-family Hsg. Rev. (Whispering Oaks Apts. Proj.) Series 2008, 0.03% 3/7/14, LOC Freddie Mac, VRDN (c) | 1,500 | | 1,500 |
Univ. of Illinois Rev. (UIC South Campus Dev. Proj.) Series 2008, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 6,300 | | 6,300 |
| | 59,060 |
Indiana - 0.8% |
Indiana Dev. Fin. Auth. Econ. (Archer-Daniels-Midland Co. Proj.) Series 2012, 0.04% 3/7/14 (Archer Daniels Midland Co. Guaranteed), VRDN (c) | 200 | | 200 |
Indiana Dev. Fin. Auth. Envir. Rev. (Duke Energy Indiana, Inc. Proj.) Series 2009 A3, 0.04% 3/7/14, LOC Mizuho Corporate Bank Ltd., VRDN (c) | 700 | | 700 |
Indiana Fin. Auth. Health Sys. Rev. (Sisters of Saint Francis Health Svcs., Inc. Obligated Group Proj.): | | | |
Series 2008 E, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 2,000 | | 2,000 |
Series 2008 H, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 1,200 | | 1,200 |
Indiana Fin. Auth. Rev. Series 2008 E7, 0.02% 3/7/14, VRDN (c) | 1,000 | | 1,000 |
Lawrenceburg Poll. Cont. Rev. (Indiana Michigan Pwr. Co. Proj.) Series 2008 H, 0.03% 3/7/14, LOC Bank of Nova Scotia, VRDN (c) | 2,000 | | 2,000 |
| | 7,100 |
Iowa - 0.8% |
Iowa Fin. Auth. Midwestern (Archer-Daniels-Midland Co. Proj.) Series 2012, 0.04% 3/7/14 (Archer Daniels Midland Co. Guaranteed), VRDN (c) | 700 | | 700 |
Iowa Fin. Auth. Poll. Cont. Facility Rev. (MidAmerican Energy Proj.) Series 2008 B, 0.06% 3/7/14, VRDN (c) | 5,900 | | 5,900 |
Iowa Fin. Auth. Rev. (Trinity Health Sys. Proj.) Series 2000 D, 0.03% 3/7/14, VRDN (c) | 800 | | 800 |
| | 7,400 |
Louisiana - 0.9% |
East Baton Rouge Parish Pub. Impt. Sales Tax Rev. Series 2008 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 1,200 | | 1,200 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Louisiana - continued |
Louisiana Pub. Facilities Auth. Rev. (Air Products & Chemicals, Inc. Proj.): | | | |
Series 2004, 0.03% 3/7/14, VRDN (c) | $ 1,000 | | $ 1,000 |
Series 2009 A, 0.03% 3/7/14, VRDN (c) | 2,115 | | 2,115 |
Saint James Parish Gen. Oblig. (Nucor Steel Louisiana LLC Proj.): | | | |
Series 2010 A1, 0.31% 3/7/14, VRDN (c) | 1,250 | | 1,250 |
Series 2010 B1, 0.3% 3/7/14, VRDN (c) | 2,700 | | 2,700 |
| | 8,265 |
Maryland - 0.6% |
Maryland Cmnty. Dev. Administration Multi-family Dev. Rev. (Avalon Lea Apt. Proj.) Series 1997, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c) | 1,200 | | 1,200 |
Maryland Health & Higher Edl. Facilities Auth. Rev.: | | | |
(Adventist Healthcare Proj.) Series 2005 A, 0.04% 3/7/14, LOC Union Bank NA, VRDN (c) | 800 | | 800 |
(Anne Arundel Health Sys. Proj.) Series 2009 B, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 3,200 | | 3,200 |
| | 5,200 |
Massachusetts - 0.4% |
Massachusetts Gen. Oblig. Participating VRDN Series Clipper 07 41, 0.06% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(f) | 2,500 | | 2,500 |
Massachusetts School Bldg. Auth. Dedicated Sales Tax Rev. Participating VRDN Series EGL 07 0031, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | 1,000 | | 1,000 |
| | 3,500 |
Michigan - 0.1% |
Michigan Higher Ed. Rev. (Univ. of Detroit Mercy Proj.) Series 2007, 0.05% 3/3/14, LOC JPMorgan Chase Bank, VRDN (c) | 100 | | 100 |
Michigan Hosp. Fin. Auth. Rev. Participating VRDN Series ROC II R 11676, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | 1,300 | | 1,300 |
| | 1,400 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Minnesota - 0.9% |
Minnesota Gen. Oblig. Participating VRDN Series Putters 3844 Q, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | $ 6,860 | | $ 6,860 |
Saint Cloud Health Care Rev. (CentraCare Health Sys. Proj.) Series 2009 A, 0.03% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 1,500 | | 1,500 |
| | 8,360 |
Mississippi - 0.9% |
Mississippi Bus. Fin. Corp. Indl. Dev. Rev. (New Process Steel, L.P. Proj.) Series 2010, 0.08% 3/7/14, LOC Bank of America NA, VRDN (c) | 8,500 | | 8,500 |
Missouri - 1.2% |
Missouri Health & Edl. Facilities Auth. Edl. Facilities Rev. Participating VRDN Series EGL 07 0001, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | 8,000 | | 8,000 |
RBC Muni. Products, Inc. Trust Participating VRDN: | | | |
Series RBC E 40, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada) (a)(c)(f) | 700 | | 700 |
Series RBC E 47, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada) (c)(f) | 600 | | 600 |
Saint Louis Indl. Dev. Auth. (Saint Luke's Plaza Apts. Proj.) Series 2009, 0.03% 3/7/14 (Liquidity Facility Freddie Mac), VRDN (c) | 2,100 | | 2,100 |
| | 11,400 |
Nebraska - 1.1% |
Central Plains Energy Proj. Rev. (Nebraska Gas Proj.) Series 2009, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada), VRDN (c) | 5,470 | | 5,470 |
Omaha Pub. Pwr. District Elec. Rev. Participating VRDN Series Putters 3700 Z, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | 5,000 | | 5,000 |
| | 10,470 |
Nevada - 0.5% |
Clark County Arpt. Rev. Series 2008 D 2A, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 800 | | 800 |
Clark County Fuel Tax Participating VRDN Series ROC II R 11507, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | 2,455 | | 2,455 |
Clark County McCarran Int'l. Arpt. Passenger Facility Charge Rev. Series 2010 F2, 0.04% 3/7/14, LOC Union Bank NA, VRDN (c) | 1,500 | | 1,500 |
| | 4,755 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
New Mexico - 1.3% |
New Mexico Muni. Energy Acquisition Auth. Gas Supply Rev. Series 2009, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada), VRDN (c) | $ 11,755 | | $ 11,755 |
New York - 4.0% |
Dutchess County Indl. Dev. Agcy. Civic Facility Rev. (Lutheran Ctr. at Poughkeepsie, Inc. Proj.) 0.12% 3/7/14, LOC KeyBank NA, VRDN (c) | 100 | | 100 |
New York City Hsg. Dev. Corp. Multi-family Mtg. Rev. (Beekman Tower Proj.) Series 2008 A, 0.27% 3/7/14, LOC RBS Citizens NA, VRDN (c) | 1,400 | | 1,400 |
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev.: | | | |
Participating VRDN Series Putters 2559, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | 1,775 | | 1,775 |
Series 2009 BB2, 0.06% 3/3/14 (Liquidity Facility Landesbank Hessen-Thuringen), VRDN (c) | 1,200 | | 1,200 |
New York City Transitional Fin. Auth. Rev. Participating VRDN: | | | |
Series Putters 3857, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | 2,500 | | 2,500 |
Series ROC II R 14022, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | 2,815 | | 2,815 |
New York Dorm. Auth. Revs.: | | | |
(City Univ. Proj.) Series 2008 C, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 4,300 | | 4,300 |
(Fordham Univ. Proj.) Series 2008 A2, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 2,350 | | 2,350 |
Participating VRDN: | | | |
Series EGL 06 47 Class A, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | 4,500 | | 4,500 |
Series EGL 07 0003, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | 15,000 | | 15,000 |
New York Hsg. Fin. Agcy. Rev. (29 Flatbush Ave. Hsg. Proj.) Series 2010 A, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 800 | | 800 |
| | 36,740 |
North Carolina - 1.9% |
Charlotte Int'l. Arpt. Rev. (Charlotte Douglas Int'l. Arpt. Proj.) Series 2008 D, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 4,000 | | 4,000 |
Greensboro Combined Enterprise Sys. Rev. Series 2005 B, 0.05% 3/7/14 (Liquidity Facility Bank of America NA), VRDN (c) | 2,195 | | 2,195 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
North Carolina - continued |
North Carolina Cap. Facilities Fin. Agcy. Rev. Participating VRDN Series EGL 06 0139, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | $ 1,000 | | $ 1,000 |
Raleigh Combined Enterprise Sys. Rev. Participating VRDN Series EGL 07 0010, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | 9,900 | | 9,900 |
| | 17,095 |
Ohio - 1.4% |
Allen County Hosp. Facilities Rev. (Catholic Healthcare Partners Proj.) Series 2008 A, 0.04% 3/3/14, LOC Bank of America NA, VRDN (c) | 1,200 | | 1,200 |
Columbus Gen. Oblig. Participating VRDN Series Putters 2365, 0.06% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | 4,360 | | 4,360 |
Lancaster Port Auth. Gas Rev. 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada), VRDN (c) | 800 | | 800 |
Ohio Hosp. Facilities Rev. Participating VRDN Series Putters 3558, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | 4,330 | | 4,330 |
Ohio Wtr. Dev. Auth. Poll. Cont. Facilities Rev. Series 2006 A, 0.04% 3/7/14, LOC UBS AG, VRDN (c) | 2,000 | | 2,000 |
| | 12,690 |
Oregon - 0.1% |
Oregon Gen. Oblig. Participating VRDN Series WF11 57 C, 0.05% 3/7/14 (Liquidity Facility Wells Fargo Bank NA) (c)(f) | 1,000 | | 1,000 |
Pennsylvania - 5.0% |
Allegheny County Hosp. Dev. Auth. Rev. (Children's Institute Pittsburgh Proj.) Series 2005 B, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 1,000 | | 1,000 |
Allegheny County Indl. Dev. Auth. Rev. (The Watson Institute Friendship Academy Proj.) Series 2010, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 3,635 | | 3,635 |
Butler County Gen. Auth. Rev. (Erie School District Proj.) Series 2011, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 1,200 | | 1,200 |
Chester County Indl. Dev. Auth. Student Hsg. Rev. (West Chester Univ. Proj.): | | | |
Series 2008 A1, 0.19% 3/7/14, LOC Citizens Bank of Pennsylvania, VRDN (c) | 1,200 | | 1,200 |
Series 2008 A2, 0.03% 3/7/14, LOC TD Banknorth, NA, VRDN (c) | 1,000 | | 1,000 |
Crawford County Indl. Dev. Auth. College Rev. (Allegheny College Proj.) Series 2009 B, 0.05% 3/7/14, LOC PNC Bank NA, VRDN (c) | 2,000 | | 2,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Pennsylvania - continued |
Econ. Dev. Fin. Auth. Unemployment Compensation Rev. Series 2012 C, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (c) | $ 2,900 | | $ 2,900 |
Lackawanna Hotel Room Rental Tax Rev. Series 2013, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 9,500 | | 9,500 |
Lancaster Indl. Dev. Auth. Rev. (United Zion Retirement Cmnty. Proj.) 0.37% 3/7/14, LOC Citizens Bank of Pennsylvania, VRDN (c) | 3,690 | | 3,690 |
Montgomery County Higher Ed. & Health Auth. Rev. (William Penn Charter School Proj.) Series 2001, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 3,170 | | 3,170 |
Montgomery County Redev. Auth. Multi-family Hsg. Rev. (Forge Gate Apts. Proj.) Series 2001 A, 0.03% 3/7/14, LOC Fannie Mae, VRDN (c) | 4,990 | | 4,990 |
Pennsylvania Gen. Oblig. Participating VRDN Series Putters 4014, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | 3,500 | | 3,500 |
Philadelphia Auth. for Indl. Dev. Rev. (The Franklin Institute Proj.) Series 2006, 0.06% 3/7/14, LOC Bank of America NA, VRDN (c) | 2,895 | | 2,895 |
Somerset County Gen. Oblig. Series 2009 A, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 3,445 | | 3,445 |
Washington County Hosp. Auth. Rev. (Monongahela Valley Hosp. Proj.) Series 2011 A, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 1,700 | | 1,700 |
| | 45,825 |
Rhode Island - 1.2% |
Rhode Island Health and Edl. Bldg. Corp. Higher Ed. Facility Rev.: | | | |
(Bryant Univ. Proj.) Series 2008, 0.04% 3/7/14, LOC TD Banknorth, NA, VRDN (c) | 500 | | 500 |
(New England Institute of Technology Proj.) Series 2008, 0.03% 3/7/14, LOC TD Banknorth, NA, VRDN (c) | 1,220 | | 1,220 |
(Rhode Island School of Design Proj.) Series 2008 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 700 | | 700 |
(Roger Williams Univ. Proj.) Series 2008 B, 0.03% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 8,515 | | 8,515 |
| | 10,935 |
South Carolina - 0.6% |
Columbia Wtrwks. & Swr. Rev. Participating VRDN Series BC 10 42W, 0.05% 3/7/14 (Liquidity Facility Barclays Bank PLC) (c)(f) | 2,000 | | 2,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
South Carolina - continued |
South Carolina Jobs-Econ. Dev. Auth. Econ. Dev. Rev.: | | | |
(Bon Secours Health Sys. Proj.) 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | $ 2,000 | | $ 2,000 |
(Institute for Bus. and Home Safety Proj.) Series 2009, 0.03% 3/7/14, LOC Branch Banking & Trust Co., VRDN (c) | 1,800 | | 1,800 |
| | 5,800 |
Tennessee - 2.3% |
Clarksville Pub. Bldg. Auth. Rev. (Tennessee Muni. Bond Fund Proj.): | | | |
Series 1994, 0.08% 3/7/14, LOC Bank of America NA, VRDN (c) | 3,100 | | 3,100 |
Series 2003, 0.07% 3/3/14, LOC Bank of America NA, VRDN (c) | 900 | | 900 |
Series 2004, 0.07% 3/3/14, LOC Bank of America NA, VRDN (c) | 1,210 | | 1,210 |
Series 2005, 0.07% 3/3/14, LOC Bank of America NA, VRDN (c) | 5,660 | | 5,660 |
Series 2008, 0.07% 3/3/14, LOC Bank of America NA, VRDN (c) | 1,020 | | 1,020 |
Knox County Health Edl. & Hsg. Facilities Board Hosp. Facilities Rev. Series 2011 A, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 500 | | 500 |
Montgomery County Pub. Bldg. Auth. Pooled Fing. Rev. (Tennessee County Ln. Pool Prog.): | | | |
Series 1999, 0.07% 3/7/14, LOC Bank of America NA, VRDN (c) | 4,500 | | 4,500 |
Series 2002, 0.07% 3/3/14, LOC Bank of America NA, VRDN (c) | 1,710 | | 1,710 |
Series 2006, 0.07% 3/3/14, LOC Bank of America NA, VRDN (c) | 1,000 | | 1,000 |
Nashville and Davidson County Metropolitan Govt. Gen. Oblig. Participating VRDN Series Clipper 06 4, 0.03% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(f) | 1,500 | | 1,500 |
| | 21,100 |
Texas - 3.1% |
Harris County Cultural Ed. Facilities Fin. Corp. Med. Facilities Rev. Series 2012 C, 0.03% 3/7/14, LOC Barclays Bank PLC, VRDN (c) | 1,400 | | 1,400 |
Harris County Cultural Ed. Facilities Fin. Corp. Rev. (YMCA of the Greater Houston Area Proj.) Series 2013 B, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 1,055 | | 1,055 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Harris County Indl. Dev. Corp. (HFOTCO LLC Proj.) Series 2012, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | $ 2,000 | | $ 2,000 |
Harris County Indl. Dev. Corp. Solid Waste Disp. Rev. (Deer Park Refining Ltd. Partnership Proj.) Series 2004 A, 0.28% 3/3/14, VRDN (c) | 3,400 | | 3,400 |
North East Texas Independent School District Participating VRDN Series Putters 2355, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | 4,460 | | 4,460 |
North Texas Tollway Auth. Rev. Series 2011 A, 0.04% 3/7/14, LOC Morgan Stanley Bank, West Valley City Utah, VRDN (c) | 5,795 | | 5,795 |
Port Arthur Navigation District Envir. Facilities Rev. (Motiva Enterprises LLC Proj.) Series 2010 C, 0.28% 3/3/14, VRDN (c) | 250 | | 250 |
RBC Muni. Products, Inc. Trust Participating VRDN Series RBC E 18, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada) (c)(f) | 2,300 | | 2,300 |
San Antonio Elec. & Gas Sys. Rev. Participating VRDN Series Putters 3344, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | 3,215 | | 3,215 |
San Antonio Pub. Facilities Corp. and Rfdg. Lease Participating VRDN Series CTE 12 3AX, 0.03% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(f) | 265 | | 265 |
Spring Branch Independent School District Participating VRDN Series Putters 3377, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | 1,495 | | 1,495 |
Tarrant County Cultural Ed. Facilities Fin. Corp. Rev. (Christus Health Proj.) Series 2008 C1, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (c) | 500 | | 500 |
Texas A&M Univ. Rev. Participating VRDN Series BC 10 39W, 0.05% 3/7/14 (Liquidity Facility Barclays Bank PLC) (c)(f) | 1,500 | | 1,500 |
Texas City Indl. Dev. Corp. (NRG Energy, Inc. Proj.) Series 2012, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 200 | | 200 |
Texas Gen. Oblig. Participating VRDN Series Solar 06 57, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(f) | 1,000 | | 1,000 |
| | 28,835 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Virginia - 0.5% |
Fairfax County Indl. Dev. Auth. Participating VRDN Series Putters 4254, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | $ 665 | | $ 665 |
Virginia College Bldg. Auth. Edl. Facilities Rev. Participating VRDN Series PZ 161, 0.05% 3/7/14 (Liquidity Facility Wells Fargo & Co.) (c)(f) | 3,860 | | 3,860 |
| | 4,525 |
Washington - 1.2% |
Central Puget Sound Reg'l. Trans. Auth. Sales & Use Tax Rev. Participating VRDN Series Putters 2866, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f) | 1,000 | | 1,000 |
King County Swr. Rev. Participating VRDN Series ROC II R 11962, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | 1,600 | | 1,600 |
Washington Gen. Oblig. Participating VRDN: | | | |
Series Clipper 05 39, 0.03% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(f) | 1,300 | | 1,300 |
Series DB 606, 0.05% 3/7/14 (Liquidity Facility Deutsche Bank AG) (c)(f) | 495 | | 495 |
Series ROC II R 11889, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | 3,250 | | 3,250 |
Washington Hsg. Fin. Commission Multi-family Hsg. Rev. (Discovery Heights Apt. Proj.) Series 2010, 0.04% 3/7/14, LOC Freddie Mac, VRDN (c) | 1,000 | | 1,000 |
Washington Hsg. Fin. Commission Nonprofit Hsg. Rev. (Horizon House Proj.) Series 2005, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 2,200 | | 2,200 |
| | 10,845 |
West Virginia - 0.1% |
West Virginia Econ. Dev. Auth. Solid Waste Disp. Facilities Rev. (Appalachian Pwr. Co. - Amos Proj.) Series 2009 B, 0.03% 3/7/14, LOC Sumitomo Mitsui Banking Corp., VRDN (c) | 1,200 | | 1,200 |
Wisconsin - 0.3% |
Wisconsin Health & Edl. Facilities Auth. Rev. Participating VRDN Series ROC II R 14065, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(f) | 3,200 | | 3,200 |
Wyoming - 0.3% |
Converse County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1994, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 2,600 | | 2,600 |
TOTAL VARIABLE RATE DEMAND NOTE (Cost $504,780) |
504,780
|
Other Municipal Debt - 35.9% |
| Principal Amount (000s) | | Value (000s) |
Alabama - 0.0% |
Alabama Pub. School & College Auth. Rev. Bonds Series WF 11 37C, 0.17%, tender 5/29/14 (Liquidity Facility Wells Fargo Bank NA) (c)(f)(g) | $ 255 | | $ 255 |
Alaska - 0.5% |
Alaska Gen. Oblig. BAN 1.75% 3/25/14 | 3,600 | | 3,604 |
Anchorage Gen. Oblig. Series 2014 B1, 0.1% 5/1/14, LOC JPMorgan Chase Bank, CP | 800 | | 800 |
| | 4,404 |
Arizona - 1.8% |
Chandler Gen. Oblig. Bonds Series GS 07 49TP, 0.2%, tender 6/12/14 (Liquidity Facility Wells Fargo & Co.) (c)(f)(g) | 11,195 | | 11,195 |
Phoenix Civic Impt. Corp.: | | | |
Series 2009, 0.08% 3/4/14, LOC Bank of America NA, CP | 640 | | 640 |
Series 2011 B1, 0.12% 3/17/14, LOC Barclays Bank PLC, CP | 1,600 | | 1,600 |
Phoenix Civic Impt. Corp. Transit Excise Tax Rev. Bonds (Lt. Rail Proj.) Series 2013, 2% 7/1/14 | 500 | | 503 |
Phoenix Civic Impt. Corp. Wastewtr. Sys. Rev. 0.13% 3/18/14, LOC Wells Fargo Bank NA, CP | 2,400 | | 2,400 |
| | 16,338 |
California - 6.3% |
California Edl. Facilities Auth. Rev. Bonds (Stanford Univ. Proj.) Series S3, 0.15% tender 8/28/14, CP mode | 1,600 | | 1,600 |
California Gen. Oblig. RAN: | | | |
Series 2013 A1, 2% 5/28/14 | 10,000 | | 10,043 |
Series 2013 A2, 2% 6/23/14 | 10,200 | | 10,256 |
California School Cash Reserve Prog. Auth. TRAN Series 2013 A, 2% 4/1/14 | 600 | | 601 |
Kern County Gen. Oblig. TRAN 1.25% 6/30/14 | 3,300 | | 3,312 |
Los Angeles County Gen. Oblig. TRAN 2% 6/30/14 | 7,100 | | 7,143 |
Los Angeles Gen. Oblig. TRAN: | | | |
2% 5/1/14 | 6,800 | | 6,821 |
2% 6/26/14 | 7,700 | | 7,745 |
Oakland Gen. Oblig. TRAN 1.25% 6/30/14 | 2,000 | | 2,007 |
Orange County Sanitation District Ctfs. of Prtn. Bonds Series MS 06 2222, 0.2%, tender 5/15/14 (Liquidity Facility Wells Fargo & Co.) (c)(f)(g) | 600 | | 600 |
San Diego County & School District TRAN Series 2013 A, 2% 6/30/14 | 800 | | 805 |
San Diego County Wtr. Auth. Wtr. Rev. Bonds Series WF 08 29C, 0.2%, tender 4/17/14 (Liquidity Facility Wells Fargo & Co.) (c)(f)(g) | 1,075 | | 1,075 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
California - continued |
San Francisco County Trans. Auth. Series 2004 A, 0.1% 4/7/14, LOC Wells Fargo Bank NA, CP | $ 4,000 | | $ 4,000 |
Santa Cruz Gen. Oblig. TRAN 2% 7/2/14 | 600 | | 604 |
Ventura County Gen. Oblig. TRAN 1.25% 7/1/14 | 1,800 | | 1,806 |
| | 58,418 |
Colorado - 0.5% |
Colorado Ed. Ln. Prog. TRAN Series 2013 B, 2% 6/27/14 | 4,600 | | 4,628 |
Connecticut - 0.2% |
Connecticut Dev. Auth. Poll. Cont. Rev. Bonds Series 1999, 0.3% tender 3/5/14, CP mode | 1,500 | | 1,500 |
District Of Columbia - 2.4% |
District of Columbia Gen. Oblig. TRAN 2% 9/30/14 | 16,100 | | 16,272 |
District of Columbia Rev. Bonds Series 2000, 0.14% tender 3/6/14, LOC JPMorgan Chase Bank, CP mode | 1,300 | | 1,300 |
JPMorgan Chase Bonds Series Putters 4418, 0.1%, tender 4/17/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g) | 1,300 | | 1,300 |
Metropolitan Washington Arpts. Auth. Dulles Toll Road Rev. Series 1: | | | |
0.11% 8/6/14, LOC JPMorgan Chase Bank, CP | 1,900 | | 1,900 |
0.12% 3/10/14, LOC JPMorgan Chase Bank, CP | 500 | | 500 |
0.13% 3/11/14, LOC JPMorgan Chase Bank, CP | 1,000 | | 1,000 |
| | 22,272 |
Florida - 1.7% |
Alachua County Health Facilities Auth. Health Facilities Rev. Bonds (Shands Teaching Hosp. & Clinics, Inc. Proj.) Series 2008 A, 0.08% tender 4/2/14, LOC Bank of America NA, CP mode | 700 | | 700 |
Florida Board of Ed. Lottery Rev. Bonds Series 2006 A, 5% 7/1/14 | 1,500 | | 1,524 |
Florida Gen. Oblig. Bonds Series PZ 130, 0.2%, tender 5/8/14 (Liquidity Facility Wells Fargo & Co.) (c)(f)(g) | 3,440 | | 3,440 |
Hillsborough County Cap. Impt. Prog. Rev.: | | | |
Series 2013 A, 0.12% 3/6/14, LOC State Street Bank & Trust Co., Boston, CP | 700 | | 700 |
Series 2014 A: | | | |
0.07% 3/20/14, LOC State Street Bank & Trust Co., Boston, CP | 500 | | 500 |
0.08% 3/27/14, LOC State Street Bank & Trust Co., Boston, CP | 1,000 | | 1,000 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Florida - continued |
Miami-Dade County School District TAN Series 2013, 1% 3/4/14 | $ 6,400 | | $ 6,400 |
Tampa Health Sys. Rev. Bonds Series 2012 B, 0.13%, tender 9/26/14 (c) | 1,000 | | 1,000 |
| | 15,264 |
Hawaii - 0.1% |
Hawaii Gen. Oblig. Bonds Series 2013 EI, 5% 8/1/14 | 800 | | 816 |
Idaho - 0.5% |
Idaho Gen. Oblig. TAN 2% 6/30/14 | 4,400 | | 4,426 |
Illinois - 0.6% |
Illinois Fin. Auth. Ed. Rev.: | | | |
Series 2014, 0.09% 5/5/14, LOC PNC Bank NA, CP | 500 | | 500 |
0.11% 7/8/14, LOC PNC Bank NA, CP | 600 | | 600 |
Illinois Fin. Auth. Rev. Bonds: | | | |
(Hosp. Sisters Svcs. Proj.): | | | |
Series 2012 H, 0.1% tender 7/8/14, CP mode | 600 | | 600 |
0.08% tender 4/3/14, CP mode | 500 | | 500 |
0.11% tender 6/4/14, CP mode | 1,885 | | 1,885 |
Illinois Sales Tax Rev. Bonds Series 2013, 2% 6/15/14 | 1,200 | | 1,206 |
| | 5,291 |
Indiana - 1.3% |
Indiana Fin. Auth. Rev. Bonds (Trinity Health Sys. Proj.) Series 2008 D2: | | | |
0.1% tender 3/12/14, CP mode | 2,900 | | 2,900 |
0.1% tender 4/3/14, CP mode | 1,265 | | 1,265 |
Indianapolis Gas Util. Sys. Rev. 0.15% 3/6/14, LOC JPMorgan Chase Bank, CP | 900 | | 900 |
Posey County Econ. Dev. Rev. Bonds (Midwest Fertilizer Corp. Proj.) Series 2013 A, 0.55%, tender 4/10/14 (c) | 7,100 | | 7,100 |
| | 12,165 |
Kansas - 1.6% |
City of Lawrence BAN 1.5% 10/1/14 | 1,100 | | 1,108 |
Wichita Gen. Oblig. BAN Series 258, 0.5% 10/15/14 | 1,700 | | 1,701 |
Wyandotte County/Kansas City Unified Govt. Gen. Oblig. BAN 0.24% 3/1/14 | 12,000 | | 12,000 |
| | 14,809 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Kentucky - 0.2% |
Jefferson County Poll. Cont. Rev. Bonds (Louisville Gas & Elec. Co. Proj.) Series 2001 A, 0.25% tender 4/8/14, CP mode | $ 600 | | $ 600 |
Trimble County Poll. Cont. Rev. Bonds (Louisville Gas & Elec. Co. Proj.) Series 2001 A, 0.25% tender 4/8/14, CP mode | 1,200 | | 1,200 |
| | 1,800 |
Maryland - 1.2% |
Baltimore County Gen. Oblig.: | | | |
Series 2011: | | | |
0.07% 4/1/14 (Liquidity Facility Mizuho Corporate Bank Ltd.), CP | 1,898 | | 1,898 |
0.09% 5/16/14 (Liquidity Facility Mizuho Corporate Bank Ltd.), CP | 3,000 | | 3,000 |
0.09% 5/16/14 (Liquidity Facility Mizuho Corporate Bank Ltd.), CP | 1,563 | | 1,563 |
0.1% 6/16/14 (Liquidity Facility Mizuho Corporate Bank Ltd.), CP | 1,700 | | 1,700 |
0.08% 4/3/14 (Liquidity Facility Mizuho Corporate Bank Ltd.), CP | 1,700 | | 1,700 |
Montgomery County Gen. Oblig. Bonds Series 2013 MD, 0.1%, tender 3/3/14 (b)(c) | 1,200 | | 1,200 |
| | 11,061 |
Massachusetts - 0.2% |
Massachusetts Indl. Fin. Agcy. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.): | | | |
Series 1992, 0.28% tender 4/9/14, CP mode | 1,000 | | 1,000 |
Series 1993 A, 0.28% tender 4/9/14, CP mode | 600 | | 600 |
| | 1,600 |
Michigan - 0.1% |
Michigan Hosp. Fin. Auth. Rev. Bonds (Trinity Health Sys. Proj.) Series 2008 C: | | | |
0.08% tender 4/3/14, CP mode | 500 | | 500 |
0.1% tender 6/4/14, CP mode | 700 | | 700 |
| | 1,200 |
Minnesota - 0.1% |
Univ. of Minnesota Rev. Series A, 0.09% 5/16/14, CP | 600 | | 600 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Missouri - 0.1% |
Curators of the Univ. of Missouri Series 2014 A, 0.07% 3/5/14, CP | $ 600 | | $ 600 |
Missouri Health & Edl. Facilities Bonds (BJC Health Sys. Proj.) Series 2013 C, 0.1%, tender 9/26/14 (c) | 500 | | 500 |
| | 1,100 |
Nebraska - 0.3% |
Nebraska Pub. Pwr. District Rev.: | | | |
Series 2013 A, 0.12% 3/3/14, CP | 600 | | 600 |
Series A, 0.07% 5/5/14, CP | 600 | | 600 |
Omaha Pub. Pwr. District Elec. Rev. Series A, 0.11% 5/5/14, CP | 1,370 | | 1,370 |
| | 2,570 |
Nevada - 0.7% |
Clark County School District Bonds: | | | |
Series 2007 B, 5% 6/15/14 | 5,785 | | 5,866 |
Series 2013 B, 3% 6/15/14 | 500 | | 504 |
| | 6,370 |
New Hampshire - 0.1% |
New Hampshire Bus. Fin. Auth. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.) Series 1990 B, 0.4% tender 3/20/14, CP mode | 1,200 | | 1,200 |
New Jersey - 0.1% |
Passaic County Gen. Oblig. BAN Series 2013 A, 1.25% 12/19/14 | 500 | | 504 |
New York - 0.1% |
JPMorgan Chase Bonds Series Putters 4410, 0.08%, tender 5/8/14 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g) | 800 | | 800 |
North Carolina - 0.0% |
North Carolina Grant Anticipation Rev. Bonds Series 2007, 5% 3/1/14 | 490 | | 490 |
Ohio - 1.9% |
Ohio Higher Edl. Facility Commission Rev. Bonds (The Cleveland Clinic Foundation Proj.) Series 2008 B6: | | | |
0.13% tender 5/19/14, CP mode | 9,200 | | 9,200 |
0.14% tender 5/5/14, CP mode | 8,000 | | 8,000 |
| | 17,200 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Oklahoma - 1.6% |
Oklahoma City Wtr. Utils. Trust Wtr. and Swr. Rev.: | | | |
Series 2013 A: | | | |
0.12% 4/4/14, LOC State Street Bank & Trust Co., Boston, CP | $ 7,500 | | $ 7,500 |
0.12% 4/8/14, LOC State Street Bank & Trust Co., Boston, CP | 5,000 | | 5,000 |
Series A, 0.06% 3/5/14, LOC State Street Bank & Trust Co., Boston, CP | 2,500 | | 2,500 |
| | 15,000 |
Oregon - 0.0% |
Oregon Facilities Auth. Rev. Bonds Series 2013 C, 0.08%, tender 10/1/14 (c) | 500 | | 500 |
Pennsylvania - 0.4% |
Econ. Dev. Fin. Auth. Unemployment Compensation Rev. Bonds Series 2012 A, 4% 7/1/14 | 1,265 | | 1,281 |
Philadelphia Gen. Oblig. TRAN Series 2013 A, 0.75% 6/30/14 | 1,500 | | 1,503 |
Univ. of Pittsburgh Commonwealth Sys. of Higher Ed. BAN 2% 7/11/14 | 500 | | 503 |
| | 3,287 |
South Carolina - 1.0% |
Beaufort County School District BAN Series 2013 B, 1.25% 4/24/14 | 700 | | 701 |
Charleston County School District: | | | |
BAN 1% 5/8/14 | 600 | | 601 |
TAN 5% 4/1/14 | 800 | | 803 |
Dorchester County No. 2 School District BAN 0.2% 5/15/14 | 1,500 | | 1,500 |
South Carolina Assoc. of Governmental Organizations Ctfs. of Prtn. Bonds Series 2013 A, 1.5% 3/3/14 (South Carolina School District Cr. Enhancement Prog. Guaranteed) | 1,300 | | 1,300 |
York County Poll. Cont. Rev. Bonds (Duke Energy Corp. Proj.) 0.3% tender 3/5/14, CP mode | 4,500 | | 4,500 |
| | 9,405 |
Texas - 7.1% |
Austin Elec. Util. Sys. Rev. Series A, 0.07% 4/23/14, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 1,300 | | 1,300 |
Fort Bend Independent School District Bonds Series PZ 124, 0.2%, tender 5/8/14 (Liquidity Facility Wells Fargo & Co.) (c)(f)(g) | 10,415 | | 10,415 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Harris County Gen. Oblig.: | | | |
Series 2013 A1, 0.13% 3/3/14 (Liquidity Facility State Street Bank & Trust Co., Boston), CP | $ 1,300 | | $ 1,300 |
Series 2014 D, 0.06% 3/19/14 (Liquidity Facility JPMorgan Chase Bank), CP | 1,985 | | 1,985 |
Harris County Metropolitan Trans. Auth. Series 2014 A1, 0.07% 3/17/14 (Liquidity Facility JPMorgan Chase Bank), CP | 16,500 | | 16,500 |
Houston Gen. Oblig. TRAN Series 2013, 2% 6/30/14 | 1,700 | | 1,710 |
Houston Util. Sys. Rev.: | | | |
Series 2013 B2, 0.12% 3/11/14, LOC Wells Fargo Bank NA, CP | 600 | | 600 |
Series B 2, 0.1% 5/1/14, LOC Wells Fargo Bank NA, CP | 600 | | 600 |
Lower Colorado River Auth. Rev.: | | | |
Bonds Series 2012, 5% 5/15/14 | 985 | | 995 |
0.11% 3/11/14, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 700 | | 700 |
0.12% 3/5/14, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 600 | | 600 |
Lower Colorado River Auth. Transmission Contract Rev. Bonds 5% 5/15/14 | 1,515 | | 1,530 |
Tarrant County Cultural Ed. Facilities Fin. Corp. Hosp. Rev. Bonds (Baylor Health Care Sys. Proj.) Series 2013 B, 0.12%, tender 9/26/14 (c) | 400 | | 400 |
Texas A&M Univ. Rev. Series 1993 B, 0.1% 3/7/14, CP | 700 | | 700 |
Texas Gen. Oblig.: | | | |
Bonds Series 2010 B, 5% 10/1/14 | 1,000 | | 1,028 |
TRAN Series 2013, 2% 8/28/14 | 18,000 | | 18,160 |
Texas Trans. Commission State Hwy. Fund Rev. Bonds Series 2006, 5% 4/1/14 | 1,000 | | 1,004 |
Univ. of Texas Board of Regents Sys. Rev. Series 2002 A: | | | |
0.07% 3/3/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 500 | | 500 |
0.08% 4/2/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 400 | | 400 |
0.09% 5/16/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 500 | | 500 |
0.1% 6/4/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 500 | | 500 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Univ. of Texas Board of Regents Sys. Rev. Series 2002 A: - continued | | | |
0.13% 3/6/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | $ 600 | | $ 600 |
Upper Trinity Reg'l. Wtr. District Series 2014 A, 0.08% 3/5/14, LOC Bank of America NA, CP | 3,500 | | 3,500 |
| | 65,527 |
Utah - 0.2% |
Intermountain Pwr. Agcy. Pwr. Supply Rev. Series 2013 B1, 0.11% 6/13/14 (Liquidity Facility JPMorgan Chase Bank), CP | 375 | | 375 |
Utah Gen. Oblig. Bonds Series 2011 A, 5% 7/1/14 | 1,350 | | 1,372 |
| | 1,747 |
Virginia - 0.5% |
Fairfax County Gen. Oblig. Bonds 5% 10/1/14 | 2,900 | | 2,983 |
Fairfax County Indl. Dev. Auth. Bonds (Inova Health Sys. Proj.) Series 2012 C, 0.11%, tender 9/26/14 (c) | 1,100 | | 1,100 |
Virginia Commonwealth Trans. Board Rev. Bonds (Trans. Cap. Proj.) Series 2012, 4% 5/15/14 | 1,000 | | 1,008 |
| | 5,091 |
Washington - 0.4% |
Seattle Gen. Oblig. Bonds Series 2011, 5% 3/1/14 | 1,300 | | 1,300 |
Washington Gen. Oblig. Bonds: | | | |
Series 2011 C, 5% 7/1/14 | 500 | | 508 |
Series GS 06 7T, 0.2%, tender 6/12/14 (Liquidity Facility Wells Fargo & Co.) (c)(f)(g) | 1,825 | | 1,825 |
| | 3,633 |
Wisconsin - 2.1% |
Wisconsin Gen. Oblig.: | | | |
Series 2005 A, 0.07% 4/23/14 (Liquidity Facility Bank of New York, New York), CP | 500 | | 500 |
Series 2013 A, 0.1% 4/4/14 (Liquidity Facility Bank of New York, New York), CP | 500 | | 500 |
Wisconsin Health & Edl. Facilities Bonds Series 2013 B, 0.09%, tender 9/26/14 (c) | 490 | | 490 |
Wisconsin Health & Edl. Facilities Auth. Rev. Bonds (Hosp. Sisters Svcs., Inc. Proj.) Series 2012 J, 0.1% tender 3/5/14, CP mode | 400 | | 400 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Wisconsin - continued |
Wisconsin Trans. Rev.: | | | |
Series 1997 A, 0.13% 3/6/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | $ 3,125 | | $ 3,125 |
Series 2006 A: | | | |
0.1% 6/5/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 5,260 | | 5,260 |
0.13% 3/6/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 2,109 | | 2,109 |
Series 2013 A, 0.13% 3/6/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 6,900 | | 6,900 |
| | 19,284 |
TOTAL OTHER MUNICIPAL DEBT (Cost $330,555) |
330,555
|
Investment Company - 9.1% |
| Shares | | |
Fidelity Tax-Free Cash Central Fund, 0.03% (d)(e) (Cost $84,086) | 84,086,000 | |
84,086
|
TOTAL INVESTMENT PORTFOLIO - 99.9% (Cost $919,421) | | 919,421 |
NET OTHER ASSETS (LIABILITIES) - 0.1% | | 878 |
NET ASSETS - 100% | $ 920,299 |
Fidelity® AMT Tax-Free Money Fund (the Fund) is a fund of Fidelity Union Street Trust II (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware statutory trust.
The Fund invests in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .01%.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
As permitted by compliance with certain conditions under Rule 2a-7 of the 1940 Act, securities are valued at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter amortizing any discount or premium from its face value at a constant rate until maturity. Securities held by a money market fund are generally high quality and liquid; however, they are reflected as Level 2 because the inputs used to determine fair value are not quoted prices in an active market.
Dividends are declared and recorded daily and paid monthly from net investment income. Distributions from realized gains, if any, are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.
Book-tax differences are primarily due to deferred trustees compensation.
The Fund purchases municipal securities whose interest, in the opinion of the issuer, is free from federal income tax. There is no assurance that the IRS will agree with this opinion. In the event the IRS determines that the issuer does not comply with relevant tax requirements, interest payments from a security could become federally taxable, possibly retroactively to the date the security was issued.
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:
The investment adviser voluntarily agreed to waive expenses of the Fund to the extent annual operating expenses exceeded .33% of average net assets. During the period this waiver reduced the Fund's expenses by $485.
Additionally, the investment adviser or its affiliates voluntarily agreed to waive certain fees in order to maintain a minimum annualized yield of ..01%. Such arrangements may be discontinued by the investment adviser at any time. For the period, the amount of the waiver was $1,083.
The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.
Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract with Fidelity Management & Research Company (FMR) and the sub-advisory agreements (together, the Advisory Contracts) for the fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.
The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of the fund's Advisory Contracts, including the services and support provided to the fund and its shareholders. The Board has established four standing committees, Operations, Audit, Fair Valuation, and Governance and Nominating, each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Operations Committee, of which all of the Independent Trustees are members, meets regularly throughout the year and, among other matters, considers matters specifically related to the annual consideration of the renewal of the fund's Advisory Contracts. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of the fund's Advisory Contracts. The Board also meets as needed to consider matters specifically related to the Board's annual consideration of the renewal of Advisory Contracts. Members of the Board may also meet with trustees of other Fidelity funds through ad hoc joint committees to discuss certain matters relevant to the Fidelity funds.
At its September 2013 meeting, the Board, including the Independent Trustees, unanimously determined to renew the fund's Advisory Contracts. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services to be provided to the fund and its shareholders (including the investment performance of the fund); (ii) the competitiveness of the fund's management fee and total expense ratio relative to peer funds; (iii) the total costs of the services to be provided by and the profits to be realized by Fidelity from its relationship with the fund; (iv) the extent to which economies of scale exist and would be realized as the fund grows; and (v) whether fee levels reflect these economies of scale, if any, for the benefit of fund shareholders.
In considering whether to renew the Advisory Contracts for the fund, the Board reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of the fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable. The Board's decision to renew the Advisory Contracts was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at its meetings throughout the year. The Board, in reaching its determination to renew the Advisory Contracts, was aware that shareholders in the fund have a broad range of investment choices available to them, including a wide choice among mutual funds offered by Fidelity's competitors, and that the fund's shareholders, who have the opportunity to review and weigh the disclosure provided by the fund in its prospectus and other public disclosures, have chosen to invest in this fund, which is part of the Fidelity family of funds.
The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value or convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.
The Board took into account discussions with the Investment Advisers about fund investment performance that occur at Board meetings throughout the year. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board periodically considers annualized return information for the fund for different time periods, measured against a peer group of mutual funds with similar objectives ("peer group"). In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and the Investment Advisers' explanations for such underperformance.
In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on gross performance (before fees and expenses but after transaction costs) compared to appropriate peer groups, over appropriate time periods that may include full market cycles, taking into account relevant factors including the following: general market conditions; expectations for interest rate levels and credit conditions; issuer-specific information including credit quality; tactical opportunities for investment; the fund's market value NAV over time and its resilience under various stressed conditions; and fund cash flows and other factors.
The Board recognizes that in interest rate environments where many competitors waive fees to maintain a minimum yield, relative money market fund performance on a net basis (after fees and expenses) may not be particularly meaningful due to miniscule performance differences among competitor funds. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its peer group for certain periods.
The Board noted that the fund's hypothetical net management fee rate ranked below the median of its Total Mapped Group and below the median of its ASPG for 2012.
Based on its review, the Board concluded that the fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.
The Board noted that the fund's total expense ratio ranked below its competitive median for 2012. The Board considered that Fidelity has been voluntarily waiving part or all of the management fees to maintain a minimum yield, and also noted that Fidelity retains the ability to be repaid in certain circumstances.
Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that the fund's total expense ratio was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.
PricewaterhouseCoopers LLP (PwC), independent registered public accounting firm and auditor to Fidelity and certain Fidelity funds, has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. PwC's engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures surrounding the mathematical accuracy of fund profitability and its conformity to allocation methodologies. After considering PwC's reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.
The Board also reviewed Fidelity's non-fund businesses and fall-out benefits related to the mutual fund business as well as cases where Fidelity's affiliates may benefit from or be related to the fund's business.
The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of the fund and was satisfied that the profitability was not excessive in the circumstances.
Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board ultimately concluded that the advisory fee structures are fair and reasonable, and that the fund's Advisory Contracts should be renewed.
Citibank, N.A.
New York, NY
Fidelity Investments Institutional Operations Company, Inc.
Fidelity Service Company, Inc.
Citibank, N.A.
As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including redemption fees and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2013 to February 28, 2014).
The first line of the accompanying table for each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
The second line of the accompanying table for each fund provides information about hypothetical account values and hypothetical expenses based on a fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
Yield refers to the income paid by the fund over a given period. Yields for money market funds are usually for seven-day periods, as they are here, though they are expressed as annual percentage rates. Past performance is no guarantee of future results. Yield will vary and it's possible to lose money investing in the Fund. A portion of the Fund's expenses was reimbursed and/or waived. Absent such reimbursements and/or waivers the yield for period ending February 28, 2014, the most recent period shown in the table, would have been -0.46%.
Fidelity® Arizona Municipal Income Fund (the Income Fund) is a fund of Fidelity Union Street Trust. Fidelity Arizona Municipal Money Market Fund (the Money Market Fund) is a fund of Fidelity Union Street Trust II. Each Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company. Fidelity Union Street Trust and Fidelity Union Street Trust II (the Trusts) are organized as a Massachusetts business trust and a Delaware statutory trust, respectively. The Income Fund is a non-diversified fund. Each Fund is authorized to issue an unlimited number of shares. Each Fund may be affected by economic and political developments in the state of Arizona.
The Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .01%.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:
approved by the Board of Trustees (the Board), the Income Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Income Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations.
Each Fund categorizes the inputs to valuation techniques used to value their investments into a disclosure hierarchy consisting of three levels as shown below:
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value each Fund's investments by major category are as follows:
For the Income Fund, debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Municipal securities are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
For the Money Market Fund, as permitted by compliance with certain conditions under Rule 2a-7 of the 1940 Act, securities are valued at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter amortizing any discount or premium from its face value at a constant
rate until maturity. Securities held by a money market fund are generally high quality and liquid; however, they are reflected as Level 2 because the inputs used to determine fair value are not quoted prices in an active market.
For the Income Fund, changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
Dividends are declared and recorded daily and paid monthly from net investment income. Distributions from realized gains, if any, are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.
Book-tax differences are primarily due to market discount and deferred trustees compensation.
The Funds purchase municipal securities whose interest, in the opinion of the issuer, is free from federal income tax. There is no assurance that the IRS will agree with this opinion. In the event the IRS determines that the issuer does not comply with relevant tax requirements, interest payments from a security could become federally taxable, possibly retroactively to the date the security was issued.
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows for each Fund:
Purchases and sales of securities, other than short-term securities, for the Income Fund aggregated $4,817,090 and $28,183,017, respectively.
The Income Fund participates with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The participating funds have agreed to pay commitment fees on their pro-rata portion of the line of credit, which are reflected in Miscellaneous expenses on the Statement of Operations, and are as follows:
During the period, there were no borrowings on this line of credit.
The investment adviser or its affiliates voluntarily agreed to waive certain fees for the Money Market Fund in order to maintain a minimum annualized yield of .01%. Such arrangements may be discontinued by the investment adviser at any time. For the period, the amount of the waiver was $838,176.
In addition, through arrangements with each applicable Fund's custodian, credits realized as a result of uninvested cash balances were used to reduce each applicable Fund's management fee. During the period, these credits reduced management fee by the following amounts:
The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.
Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract with Fidelity Management & Research Company (FMR) and the sub-advisory agreements (together, the Advisory Contracts) for each fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.
The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of each fund's Advisory Contracts, including the services and support provided to each fund and its shareholders. The Board has established four standing committees, Operations, Audit, Fair Valuation, and Governance and Nominating, each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Operations Committee, of which all of the Independent Trustees are members, meets regularly throughout the year and, among other matters, considers matters specifically related to the annual consideration of the renewal of each fund's Advisory Contracts. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of each fund's Advisory Contracts. The Board also meets as needed to consider matters specifically related to the Board's annual consideration of the renewal of Advisory Contracts. Members of the Board may also meet with trustees of other Fidelity funds through ad hoc joint committees to discuss certain matters relevant to the Fidelity funds.
At its September 2013 meeting, the Board, including the Independent Trustees, unanimously determined to renew each fund's Advisory Contracts. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services to be provided to each fund and its shareholders (including the investment performance of each fund); (ii) the competitiveness of each fund's management fee and total expense ratio relative to peer funds; (iii) the total costs of the services to be provided by and the profits to be realized by Fidelity from its relationship with each fund; (iv) the extent to which economies of scale exist and would be realized as each fund grows; and (v) whether fee levels reflect these economies of scale, if any, for the benefit of fund shareholders.
In considering whether to renew the Advisory Contracts for each fund, the Board reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of each fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable. The Board's decision to renew the Advisory Contracts was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at its meetings throughout the year. The Board, in reaching its determination to renew the Advisory Contracts, was aware that shareholders in each fund have a broad range of investment choices available to them, including a wide choice among mutual funds offered by Fidelity's competitors, and that each fund's shareholders, who have the opportunity to review and weigh the disclosure provided by the fund in its prospectus and other public disclosures, have chosen to invest in that fund, which is part of the Fidelity family of funds.
The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value or convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.
The Board took into account discussions with the Investment Advisers about fund investment performance that occur at Board meetings throughout the year. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board periodically considers annualized return information for the fund for different time periods, measured against a securities market index ("benchmark index") and a peer group of mutual funds with similar objectives ("peer group"). In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and the Investment Advisers' explanations for such underperformance.
In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on gross performance (before fees and expenses but after transaction costs) compared to appropriate benchmark indices, over appropriate time periods that may include full market cycles, and on net performance (after fees and expenses) compared to peer groups, as applicable, over the same periods, taking into account relevant factors including the following: general market conditions; expectations for interest rate levels and credit conditions; issuer-specific information including credit quality; tactical opportunities for investment; the potential for incremental return versus the fund's benchmark index weighed against the risks involved in obtaining that incremental return, including the risk of diminished or negative total returns; and fund cash flows and other factors. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its benchmark index or peer group for certain periods.
The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for the fund and an appropriate benchmark index and peer group for the most recent one-, three-, and five-year periods.
The Board took into account discussions with the Investment Advisers about fund investment performance that occur at Board meetings throughout the year. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board periodically considers annualized return information for the fund for different time periods, measured against a peer group of mutual funds with similar objectives ("peer group"). In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and the Investment Advisers' explanations for such underperformance.
In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on gross performance (before fees and expenses but after transaction costs) compared to appropriate peer groups, over appropriate time periods that may include full market cycles, taking into account relevant factors including the following: general market conditions; expectations for interest rate levels and credit conditions; issuer-specific information including credit quality; tactical opportunities for investment; the fund's market value NAV over time and its resilience under various stressed conditions; and fund cash flows and other factors.
The Board recognizes that in interest rate environments where many competitors waive fees to maintain a minimum yield, relative money market fund performance on a net basis may not be particularly meaningful due to miniscule performance differences among competitor funds. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its peer group for certain periods.
The Independent Trustees recognize that shareholders evaluate performance on a net basis (after fees and expenses) over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for the fund and an appropriate peer group for the most recent one-, three-, and five-year periods.
Based on its review, the Board concluded that the nature, extent, and quality of services provided to each fund under the Advisory Contracts should benefit each fund's shareholders.
The Board noted that each fund's hypothetical net management fee rate ranked below the median of its Total Mapped Group and below the median of its ASPG for 2012.
Based on its review, the Board concluded that each fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.
The Board noted that each fund's total expense ratio ranked below its competitive median for 2012. The Board considered that Fidelity has been voluntarily waiving part or all of the management fees to maintain a minimum yield for Fidelity Arizona Municipal Money Market Fund, and also noted that Fidelity retains the ability to be repaid in certain circumstances.
Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that each fund's total expense ratio was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.
On an annual basis, Fidelity presents to the Board Fidelity's profitability for each fund. Fidelity calculates the profitability for each fund, as well as aggregate profitability for groups of Fidelity funds and all Fidelity funds, using a series of detailed revenue and cost allocation methodologies which originate with the books and records of Fidelity on which Fidelity's audited financial statements are based. The Audit Committee of the Board reviews any significant changes from the prior year's methodologies.
PricewaterhouseCoopers LLP (PwC), independent registered public accounting firm and auditor to Fidelity and certain Fidelity funds, has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. PwC's engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures surrounding the mathematical accuracy of fund profitability and its conformity to allocation methodologies. After considering PwC's reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.
The Board also reviewed Fidelity's non-fund businesses and fall-out benefits related to the mutual fund business as well as cases where Fidelity's affiliates may benefit from or be related to the funds' business.
The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund and was satisfied that the profitability was not excessive in the circumstances.
The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.
Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board ultimately concluded that the advisory fee structures are fair and reasonable, and that each fund's Advisory Contracts should be renewed.
Citibank, N.A.
Fidelity Investments Institutional Operations Company, Inc.
Fidelity Service Company, Inc.
Citibank, N.A.
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2013 to February 28, 2014).
The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.
Yield refers to the income paid by the fund over a given period. Yields for money market funds are usually for seven-day periods, as they are here, though they are expressed as annual percentage rates. Past performance is no guarantee of future results. Yield will vary and it's possible to lose money investing in the Fund. A portion of the Fund's expenses was reimbursed and/or waived. Absent such reimbursements and/or waivers the yield for the period ending February 28, 2014, the most recent period shown in the table, would have been -0.35%.
Variable Rate Demand Note - 59.8% |
| Principal Amount (000s) | | Value (000s) |
Alabama - 0.6% |
Auburn Univ. Gen. Fee Rev. Participating VRDN Series WF 08 55C, 0.05% 3/7/14 (Liquidity Facility Wells Fargo & Co.) (c)(g) | $ 23,475 | | $ 23,475 |
Decatur Indl. Dev. Board Exempt Facilities Rev. (Nucor Steel Decatur LLC Proj.) Series 2003 A, 0.34% 3/7/14, VRDN (c)(f) | 39,215 | | 39,215 |
Mobile Indl. Dev. Board Dock & Wharf Rev. (Holnam, Inc. Proj.) Series 1999 A, 0.07% 3/7/14, LOC Bayerische Landesbank Girozentrale, VRDN (c) | 21,000 | | 21,000 |
Mobile Indl. Dev. Board Exempt Facilities Rev. Series 1997, 0.06% 3/7/14 (Kimberly-Clark Corp. Guaranteed), VRDN (c) | 14,800 | | 14,800 |
Mobile Indl. Dev. Board Solid Waste Disp. Rev. (Alabama Pwr. Co. Barry Plant Proj.) Second Series 2009, 0.04% 3/3/14, VRDN (c) | 15,300 | | 15,300 |
Univ. of Alabama at Birmingham Hosp. Rev. Series 2012 C, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 31,300 | | 31,300 |
Washington County Indl. Dev. Auth. Rev. (Sempra Energy Proj.) Series 2007, 0.04% 3/7/14, LOC UBS AG, VRDN (c) | 43,160 | | 43,160 |
| | 188,250 |
Alaska - 0.3% |
Alaska Indl. Dev. & Export Auth. Rev.: | | | |
(Greater Fairbanks Cmnty. Hosp. Foundation Proj.) Series 2009 A, 0.03% 3/7/14, LOC Union Bank NA, VRDN (c) | 16,400 | | 16,400 |
Participating VRDN Series Putters 4722, 0.03% 3/7/14 (Liquidity Facility Bank of America NA) (c)(g) | 16,665 | | 16,665 |
Valdez Marine Term. Rev.: | | | |
(ConocoPhillips Proj.) Series 1994 A, 0.03% 3/7/14 (ConocoPhillips Co. Guaranteed), VRDN (c) | 12,400 | | 12,400 |
(Phillips Trans. Alaska, Inc. Proj.): | | | |
Series 1994 B, 0.04% 3/7/14 (ConocoPhillips Co. Guaranteed), VRDN (c) | 26,000 | | 26,000 |
Series 1994 C, 0.05% 3/7/14 (ConocoPhillips Co. Guaranteed), VRDN (c) | 3,000 | | 3,000 |
Series 2002, 0.03% 3/7/14, VRDN (c) | 12,200 | | 12,200 |
| | 86,665 |
Arizona - 1.4% |
Arizona Health Facilities Auth. Rev.: | | | |
(Banner Health Sys. Proj.): | | | |
Series 2008 F, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 30,610 | | 30,610 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Arizona - continued |
Arizona Health Facilities Auth. Rev.: - continued | | | |
(Banner Health Sys. Proj.): | | | |
Series 2008 G, 0.02% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | $ 17,740 | | $ 17,740 |
(Catholic Healthcare West Proj.): | | | |
Series 2005 B, 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 13,930 | | 13,930 |
Series 2008 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 23,500 | | 23,500 |
Series 2008 B, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 23,800 | | 23,800 |
Series 2009 F, 0.04% 3/7/14, LOC Mizuho Corporate Bank Ltd., VRDN (c) | 39,750 | | 39,750 |
(Royal Oaks Life Care Cmnty. Proj.) Series 2002, 0.05% 3/7/14, LOC Bank of America NA, VRDN (c) | 11,160 | | 11,160 |
(Southwest Behavioral Health Svcs., Inc. Proj.) Series 2004, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 3,395 | | 3,395 |
Coconino County Poll. Cont. Corp. Rev. (Tucson Elec. Pwr. Co. Navajo Proj.) Series 2010 A, 0.09% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | 14,900 | | 14,900 |
Maricopa County Indl. Dev. Auth. Multi-family Hsg. Rev.: | | | |
(Ranchwood Apts. Proj.) Series 2001 A, 0.07% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 2,395 | | 2,395 |
(San Angelin Apts. Proj.) Series 2004, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 14,900 | | 14,900 |
(San Clemente Apts. Proj.) Series 2004, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 10,600 | | 10,600 |
(San Fernando Apts. Proj.) Series 2004, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 14,500 | | 14,500 |
(San Lucas Apts. Proj.) Series 2003, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 13,700 | | 13,700 |
(San Martin Apts. Proj.): | | | |
Series A1, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 5,700 | | 5,700 |
Series A2, 0.07% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 4,300 | | 4,300 |
(San Miguel Apts. Proj.) Series 2003, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 14,900 | | 14,900 |
(San Remo Apts. Proj.) Series 2002, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 4,100 | | 4,100 |
(Sands Apts. Proj.) Series 2001 A, 0.07% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 2,700 | | 2,700 |
(Village Square Apts. Proj.) Series 2004, 0.07% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 2,500 | | 2,500 |
Maricopa County Indl. Dev. Auth. Rev. (Clayton Homes, Inc. Proj.) Series 1998, 0.06% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 4,200 | | 4,200 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Arizona - continued |
Northern Arizona Univ. Revs. Participating VRDN Series Solar 07 14, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | $ 16,425 | | $ 16,425 |
Pima County Indl. Dev. Auth. Indl. Rev. (Tucson Elec. Pwr. Co. Proj.) Series 1982 A, 0.05% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 2,500 | | 2,500 |
Pima County Indl. Dev. Auth. Multi-family Hsg. Rev.: | | | |
(Cimarron Place Apts. Proj.) 0.07% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 4,500 | | 4,500 |
Series A, 0.07% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 2,625 | | 2,625 |
Salt River Proj. Agricultural Impt. & Pwr. District Elec. Sys. Rev. Participating VRDN: | | | |
Series BC 10 21W, 0.05% 3/7/14 (Liquidity Facility Barclays Bank PLC) (c)(g) | 5,200 | | 5,200 |
Series EGL 06 0141, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 28,800 | | 28,800 |
Series EGL 07 0012, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 14,850 | | 14,850 |
Series Putters 3307, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 6,395 | | 6,395 |
Series Putters 3467, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 4,000 | | 4,000 |
Series Putters 3708Z, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 23,895 | | 23,895 |
Series ROC II R 14060, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 4,000 | | 4,000 |
Tempe Indl. Dev. Auth. Rev. (ASUF Brickyard Proj.) Series 2004 A, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 1,000 | | 1,000 |
Yavapai County Indl. Dev. Auth. (Northern Arizona Healthcare Sys. Proj.) Series 2008 B, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 37,085 | | 37,085 |
| | 424,555 |
Arkansas - 0.5% |
Arkansas Dev. Auth. Indl. Dev. Rev. (Stratton Seed Co. Proj.) Series 1999, 0.35% 3/1/14, LOC Bank of America NA, VRDN (c)(f) | 225 | | 225 |
Arkansas Dev. Fin. Auth. Multi-family Hsg. Rev. (Kiehl Partners LP Proj.) Series 2004 A, 0.09% 3/7/14, LOC Fannie Mae, VRDN (c) | 6,915 | | 6,915 |
Blytheville Indl. Dev. Rev. (Nucor Corp. Proj.) Series 2002, 0.4% 3/7/14, VRDN (c)(f) | 34,400 | | 34,400 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Arkansas - continued |
Fort Smith Gen. Oblig. (Mitsubishi Pwr. Systems Americas Proj.) Series 2010, 0.06% 3/7/14, LOC Bank of Tokyo-Mitsubishi UFJ Ltd., VRDN (c) | $ 2,310 | | $ 2,310 |
Osceola Solid Waste Disp. Rev. (Plum Point Energy Associates, LLC Proj.) Series 2006, 0.06% 3/7/14, LOC Royal Bank of Scotland PLC, VRDN (c)(f) | 100,000 | | 100,000 |
| | 143,850 |
California - 2.1% |
ABAG Fin. Auth. for Nonprofit Corps. Rev. (Sharp HealthCare Proj.) Series 2009 C, 0.03% 3/7/14, LOC Citibank NA, VRDN (c) | 41,800 | | 41,800 |
Anaheim Hsg. Auth. Multi-family Hsg. Rev. (Park Vista Apt. Proj.) Series 2000 D, 0.04% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 3,600 | | 3,600 |
Bay Area Toll Auth. San Francisco Bay Toll Bridge Rev. Participating VRDN: | | | |
Series EGL 06 83 Class A, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 35,600 | | 35,600 |
Series II R 11901, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 2,100 | | 2,100 |
California Edl. Facilities Auth. Rev. Participating VRDN: | | | |
Series BA 08 1207, 0.07% 3/7/14 (Liquidity Facility Deutsche Bank AG New York Branch) (c)(g) | 11,110 | | 11,110 |
Series ROC II R 11974, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 4,555 | | 4,555 |
California Gen. Oblig.: | | | |
Series 2003 B4, 0.03% 3/7/14, LOC JPMorgan Chase Bank, LOC California Pub. Employees Retirement Sys., VRDN (c) | 5,000 | | 5,000 |
Series 2003 C1, 0.03% 3/7/14, LOC Bank of America NA, VRDN (c) | 6,200 | | 6,200 |
Series 2005 A2-1, 0.03% 3/7/14, LOC Barclays Bank PLC, VRDN (c) | 6,500 | | 6,500 |
California Health Facilities Fing. Auth. Rev.: | | | |
(Catholic Healthcare West Proj.) Series 2009 H, 0.02% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 6,180 | | 6,180 |
(Scripps Health Proj.) Series 2010 B, 0.02% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 17,100 | | 17,100 |
Participating VRDN Series DB 3294, 0.04% 3/7/14 (Liquidity Facility Deutsche Bank AG New York Branch) (c)(g) | 10,125 | | 10,125 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
California - continued |
California Hsg. Fin. Agcy. Rev. (Home Mtg. Prog.): | | | |
Series 2000 N, 0.04% 3/7/14 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | $ 13,900 | | $ 13,900 |
Series 2002 J, 0.04% 3/7/14 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 1,135 | | 1,135 |
Series 2003 H, 0.04% 3/7/14 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 13,665 | | 13,665 |
Series 2003 M: | | | |
0.04% 3/7/14 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 10,300 | | 10,300 |
0.04% 3/7/14 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 18,435 | | 18,435 |
Series 2006 C, 0.03% 3/7/14 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 54,000 | | 54,000 |
California Statewide Cmntys. Dev. Auth. Multi-family Hsg. Rev. (Maple Square Apt. Proj.) Series AA, 0.05% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 5,655 | | 5,655 |
El Dorado Irrigation District Rev. Ctfs. of Prtn. Series 2008 A, 0.03% 3/7/14, LOC Citibank NA, VRDN (c) | 59,195 | | 59,195 |
Los Angeles Cmnty. College District Participating VRDN: | | | |
Series MS 3096, 0.04% 3/7/14 (Liquidity Facility Deutsche Bank AG New York Branch) (c)(g) | 1,500 | | 1,500 |
Series Putters 2864, 0.05% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 4,785 | | 4,785 |
Series ROC II R 11728, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 7,040 | | 7,040 |
Series WF 11 36C, 0.05% 3/7/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 4,840 | | 4,840 |
Los Angeles Dept. of Wtr. & Pwr. Rev. Participating VRDN Series Putters 3902 Z, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 3,380 | | 3,380 |
Los Angeles Hbr. Dept. Rev. Participating VRDN Series DB 634, 0.05% 3/7/14 (Liquidity Facility Deutsche Bank AG) (c)(f)(g) | 14,780 | | 14,780 |
Los Angeles Multi-family Hsg. Rev. (Tri-City Hsg. Proj.) Series 1, 0.04% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 1,800 | | 1,800 |
Milpitas Multi-family Rev. (Crossing at Montague Proj.) Series A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 29,000 | | 29,000 |
Modesto Pub. Fing. Auth. Lease Rev. Series 2008 B, 0.08% 3/7/14, LOC Bank of America NA, VRDN (c) | 16,320 | | 16,320 |
Newport Mesa Unified School District Participating VRDN Series WF 11 70Z, 0.05% 3/7/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 15,030 | | 15,030 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
California - continued |
Northern California Pwr. Agcy. Rev. (Hydroelectric #1 Proj.) Series 2008 A, 0.03% 3/7/14, LOC Citibank NA, VRDN (c) | $ 62,060 | | $ 62,060 |
Riverside Ctfs. of Prtn. (Riverside Renaissance Proj.) Series 2008, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 65,750 | | 65,750 |
Riverside Elec. Rev. Series 2008 A, 0.03% 3/7/14, LOC Bank of America NA, VRDN (c) | 8,500 | | 8,500 |
San Francisco City & County Arpts. Commission Int'l. Arpt. Rev. Series 2010 A2, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | 3,095 | | 3,095 |
San Francisco City & County Fin. Corp. Lease Rev. (Moscone Ctr. Expansion Proj.) Series 2008 1, 0.03% 3/7/14, LOC Bank of America NA, VRDN (c) | 21,590 | | 21,590 |
San Jose Multi-family Hsg. Rev. (Las Ventanas Apts. Proj.) Series 2008 B, 0.04% 3/7/14, LOC Freddie Mac, VRDN (c) | 5,000 | | 5,000 |
San Juan Capistrano Gen. Oblig. Participating VRDN Series Putters 3646, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 10,050 | | 10,050 |
Stanislaus County Cap. Impts. Fing. Auth. Rev. Series 2004, 0.05% 3/7/14, LOC Bank of America NA, VRDN (c) | 9,070 | | 9,070 |
Univ. of California Revs. Participating VRDN Series Floaters 09 7C, 0.05% 3/7/14 (Liquidity Facility Wells Fargo & Co.) (c)(g) | 8,600 | | 8,600 |
| | 618,345 |
Colorado - 1.5% |
Adams County Hsg. Auth. (Semper Village Apts. Proj.) Series 2004 A, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 14,000 | | 14,000 |
Aurora Hsg. Auth. Multi-family Hsg. Rev. (Liberty Creek Proj.) Series 2008, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 27,580 | | 27,580 |
Aurora Multi-family Hsg. Rev. (Aurora Meadows Apts. Proj.) Series 1996, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 13,400 | | 13,400 |
Colorado Edl. & Cultural Facilities Auth. Rev. (Clyfford Still Museum Proj.) Series 2008, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 1,825 | | 1,825 |
Colorado Health Facilities Auth. Retirement Hsg. Rev. Participating VRDN Series Putters 1390, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 39,335 | | 39,335 |
Colorado Health Facilities Auth. Rev. (Boulder Cmnty. Hosp. Proj.) Series 2000, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 28,090 | | 28,090 |
Colorado Hsg. & Fin. Auth. Solid Waste Rev.: | | | |
(Waste Mgmt., Inc. Proj.) 0.05% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 7,000 | | 7,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Colorado - continued |
Colorado Hsg. & Fin. Auth. Solid Waste Rev.: - continued | | | |
(Waste Mgmt., Inc. Proj.) 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | $ 14,160 | | $ 14,160 |
Colorado Reg'l. Trans. District Sales Tax Rev. Participating VRDN: | | | |
Series EGL 07 0036, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 29,700 | | 29,700 |
Series EGL 07 0037, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 16,830 | | 16,830 |
Series EGL 07 0038, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 36,165 | | 36,165 |
Series EGL 07 0040, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 30,610 | | 30,610 |
Series WF 10 37C, 0.05% 3/7/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 20,560 | | 20,560 |
Colorado State Univ. Board of Governors Enterprise Sys. Rev. Participating VRDN: | | | |
Series MS 3316, 0.03% 3/7/14 (Liquidity Facility Cr. Suisse AG) (c)(g) | 14,030 | | 14,030 |
Series Putters 4386, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 7,500 | | 7,500 |
Colorado Univ. Co. Hosp. Auth. Rev. Series 2011 A, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 19,760 | | 19,760 |
Denver City & County School District # 1 Participating VRDN Series Putters 4336, 0.07% 3/7/14 (Liquidity Facility JPMorgan Chase & Co.) (c)(g) | 7,880 | | 7,880 |
Eclipse Fdg. Trust Various States Participating VRDN Series Solar 12 11, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 14,775 | | 14,775 |
Lakewood Hsg. Auth. Multi-family Rev.: | | | |
(Ridgemoor Apts. Proj.) Series 2003 A, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 13,325 | | 13,325 |
(Timberleaf Apts. Proj.) 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 11,165 | | 11,165 |
Moffat County Poll. Cont. Rev. (Tri-State Generation and Transmission Assoc., Inc. Proj.) Series 2009, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 34,975 | | 34,975 |
RBC Muni. Products, Inc. Trust Participating VRDN Series RBC E 25, 0.06% 3/7/14 (Liquidity Facility Royal Bank of Canada) (c)(f)(g) | 45,490 | | 45,490 |
Westminster County Multi-family Hsg. Rev. (Lakeview Apts. Proj.) Series 1997, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 7,110 | | 7,110 |
| | 455,265 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Connecticut - 0.1% |
Connecticut Health & Edl. Facilities Auth. Rev.: | | | |
(Yale-New Haven Hosp. Proj.): | | | |
Series K1, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | $ 12,200 | | $ 12,200 |
Series L1, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 6,130 | | 6,130 |
Series L2, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 8,800 | | 8,800 |
Series 2011 B, 0.05% 3/7/14, LOC Bank of America NA, VRDN (c) | 13,785 | | 13,785 |
| | 40,915 |
Delaware - 0.2% |
Delaware Econ. Dev. Auth. Rev. (Delmarva Pwr. & Lt. Co. Proj.): | | | |
Series 1988, 0.2% 3/3/14, VRDN (c)(f) | 1,900 | | 1,900 |
Series 1993 C, 0.25% 3/7/14, VRDN (c) | 4,500 | | 4,500 |
Series 1994, 0.2% 3/3/14, VRDN (c)(f) | 14,000 | | 14,000 |
Series 1999 A, 0.21% 3/7/14, VRDN (c) | 2,300 | | 2,300 |
Series 1999 B, 0.23% 3/7/14, VRDN (c)(f) | 9,900 | | 9,900 |
Delaware Health Facilities Auth. Rev. (Beebe Med. Ctr. Proj.) 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 3,805 | | 3,805 |
Wilmington Adjustable Rate Demand Rev. (Delaware Art Museum, Inc. Proj.) 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 11,800 | | 11,800 |
| | 48,205 |
District Of Columbia - 0.6% |
District of Columbia Hsg. Fin. Agcy. Multi-family Hsg. Rev. (Trenton Park Apts. Proj.) Series 2001, 0.1% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 5,610 | | 5,610 |
District of Columbia Income Tax Rev. Participating VRDN: | | | |
Series Putters 3369, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 1,000 | | 1,000 |
Series Putters 4020, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 7,250 | | 7,250 |
District of Columbia Rev.: | | | |
(Fort Lincoln New Town/Premium Distributors LLC Proj.) Series 2000, 0.19% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 6,345 | | 6,345 |
(Medlantic/Helix Proj.) Series 1998 A Tranche II, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 32,550 | | 32,550 |
(The AARP Foundation Proj.) Series 2004, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 11,900 | | 11,900 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
District Of Columbia - continued |
District of Columbia Rev.: - continued | | | |
(Washington Drama Society, Inc. Proj.) Series 2008, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | $ 50,080 | | $ 50,080 |
(World Wildlife Fund Proj.) Series 2010, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 9,810 | | 9,810 |
District of Columbia Univ. Rev.: | | | |
(American Univ. Proj.): | | | |
Series 2006 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 2,925 | | 2,925 |
Series 2006 B, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 31,100 | | 31,100 |
(Georgetown Univ. Proj.): | | | |
Series 2007 B1, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 1,500 | | 1,500 |
Series 2007 B2, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 5,500 | | 5,500 |
Series 2007 C2, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 2,000 | | 2,000 |
| | 167,570 |
Florida - 2.9% |
Brevard County Hsg. Fin. Auth. (Manatee Cove Apts. Proj.) 0.07% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 10,355 | | 10,355 |
Broward County Fin. Auth. Multi-family Hsg. Rev.: | | | |
(Pinnacle Village Apts. Proj.) Series 2004, 0.04% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 6,300 | | 6,300 |
(Sanctuary Apts Proj.) Series A, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 16,020 | | 16,020 |
Broward County Port Facilities Rev. (Port Everglades Proj.) Series 2008, 0.06% 3/7/14, LOC Bank of Nova Scotia, VRDN (c)(f) | 8,220 | | 8,220 |
Collier County Health Facilities Auth. Health Facilities Rev. (Moorings, Inc. Proj.) Series 2008, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 16,065 | | 16,065 |
Collier County Hsg. Fin. Auth. Multi-family Rev.: | | | |
(Sawgrass Pines Apts. Proj.) 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 6,800 | | 6,800 |
(Summer Lakes Phase II Apts. Proj.) 0.07% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 17,860 | | 17,860 |
Florida Board of Ed. Pub. Ed. Cap. Outlay Participating VRDN: | | | |
Series BA 08 1059, 0.05% 3/7/14 (Liquidity Facility Bank of America NA) (c)(g) | 4,165 | | 4,165 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Florida - continued |
Florida Board of Ed. Pub. Ed. Cap. Outlay Participating VRDN: - continued | | | |
Series EGL 07 48, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | $ 21,445 | | $ 21,445 |
Series Putters 3834 Z, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 9,000 | | 9,000 |
Series ROC II R 11884X, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 13,600 | | 13,600 |
Florida Dept. of Trans. Tpk. Rev. Participating VRDN Series Solar 07 30, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 22,000 | | 22,000 |
Florida Hsg. Fin. Agcy. Rev.: | | | |
(Bainbridge Club Apt. Proj.) Series M, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 5,170 | | 5,170 |
(Banyan Bay Apts. Proj.) Series 1995 M, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 8,250 | | 8,250 |
Florida Hsg. Fin. Corp. Multi-family Mtg. Rev.: | | | |
(Avalon Reserve Apts. Proj.) Series 2003 R1, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 14,370 | | 14,370 |
(Clarcona Groves Apts. Proj.) Series A, 0.06% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 8,700 | | 8,700 |
(Collins Cove Sr. Apts. Proj.) Series 2003 W, 0.06% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 5,200 | | 5,200 |
(Grande Court at North Port Apts. Proj.) Series 2004 E, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 5,500 | | 5,500 |
(Hunters Run Apts. Proj.) Series G, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 7,800 | | 7,800 |
(Lynn Lake Apts. Proj.) Series B1, 0.05% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 20,210 | | 20,210 |
(Mill Creek Apts. Proj.) Series 2004 K, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 14,300 | | 14,300 |
(Pinnacle Grove Apts. Proj.) Series 2003 A, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 7,450 | | 7,450 |
(Riverwalk I Apts. Proj.) Series 2008 E, 0.05% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 4,955 | | 4,955 |
(Savannah Springs Apts. Proj.) Series G, 0.06% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 6,975 | | 6,975 |
(Sterling Palms Apts. Proj.) Series F, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 14,070 | | 14,070 |
(Victoria Park Apts. Proj.) Series 2002 J, 0.03% 3/7/14, LOC Fannie Mae, VRDN (c) | 2,200 | | 2,200 |
Florida Hsg. Fin. Corp. Rev.: | | | |
(Tuscany Lakes Apts. Proj.) Series 2002 K1, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 4,000 | | 4,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Florida - continued |
Florida Hsg. Fin. Corp. Rev.: - continued | | | |
(Valencia Village Apts. Proj.) Series G, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | $ 11,350 | | $ 11,350 |
(Waterford Pointe Apts. Proj.) Series 2000 E1, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 8,155 | | 8,155 |
Florida Muni. Pwr. Agcy. Rev. (All-Requirements Pwr. Supply Proj.) Series 2008 C, 0.05% 3/3/14, LOC Bank of America NA, VRDN (c) | 9,750 | | 9,750 |
Fort Myers Util. Sys. Rev. Participating VRDN Series Solar 06 53, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 12,505 | | 12,505 |
Highlands County Health Facilities Auth. Rev. Participating VRDN Series ROC II R 11830, 0.05% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 10,875 | | 10,875 |
Hillsborough County Hsg. Fin. Auth. Multi-family Rev.: | | | |
(Claymore Crossings Apt. Proj.) Series 2005, 0.07% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 10,655 | | 10,655 |
(Grande Oaks Apts. Proj.) Series A, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 7,100 | | 7,100 |
(Hunters Run Apts. Proj.) Series 2002 A, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 8,180 | | 8,180 |
(Meridian Pointe Apts. Proj.) Series 2005, 0.07% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 11,500 | | 11,500 |
(Mobley Park Apts. Proj.) Series A, 0.05% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 7,290 | | 7,290 |
(Morgan Creek Apts. Proj.) Series 2003, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 12,700 | | 12,700 |
(Royal Palm Key Apts. Proj.) Series 2002, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 8,780 | | 8,780 |
Hillsborough County Indl. Dev. Auth. Indl. Dev. Rev. (Vigo Importing Co. Proj.) Series 1996, 0.39% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 405 | | 405 |
Jacksonville Econ. Dev. Commission Indl. Dev. Rev. (STI Proj.) Series 2002, 0.16% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 7,350 | | 7,350 |
Jacksonville Elec. Auth. Elec. Sys. Rev. Participating VRDN Series BA 09 1209X, 0.08% 3/7/14 (Liquidity Facility Bank of America NA) (c)(g) | 5,310 | | 5,310 |
Jacksonville Hsg. Fin. Auth. Multi-family Hsg. Rev. (Brookwood Forest Apts. Proj.) 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 8,900 | | 8,900 |
Jacksonville Port Auth. Rev. (Mitsui O.S.K. Lines Ltd. Proj.) 0.03% 3/7/14, LOC Sumitomo Mitsui Banking Corp., VRDN (c)(f) | 77,840 | | 77,840 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Florida - continued |
Lee County Hsg. Fin. Auth. Multi-family Hsg. Rev. (Univ. Club Apts. Proj.) Series A, 0.08% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | $ 7,500 | | $ 7,500 |
Lee Memorial Health Sys. Hosp. Rev. Series 2009 C, 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 6,340 | | 6,340 |
Miami-Dade County Hsg. Fin. Auth. Multi-family Mtg. Rev. (22nd Avenue Apts., 183rd Street Apts. & 187th Street Apts. Proj.) Series 2003 3, 0.07% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 15,295 | | 15,295 |
Miami-Dade County Indl. Dev. Auth. Rev. (Tarmac America Proj.) Series 2004, 0.1% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 10,600 | | 10,600 |
North Broward Hosp. District Rev. Series 2005 A, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 26,000 | | 26,000 |
Ocean Hwy. & Port Auth. Rev. 0.09% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 3,000 | | 3,000 |
Orange County Health Facilities Auth. Rev. (The Nemours Foundation Proj.): | | | |
Series 2009 B, 0.04% 3/7/14, LOC Northern Trust Co., VRDN (c) | 29,800 | | 29,800 |
Series 2009 C2, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 22,920 | | 22,920 |
Orange County Hsg. Fin. Auth. Multi-family Rev.: | | | |
(Alta Westgate Apts. Proj.) Series C, 0.07% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 12,660 | | 12,660 |
(Glenn Millenia Proj.) Series 2001 C, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 3,400 | | 3,400 |
(Osprey Ridge Apts. Proj.) Series 2000 H, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 7,160 | | 7,160 |
Osceola County Hsg. Fin. Auth. Multi-family Rev. (Regatta Bay Apts. Proj.) Series A, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 12,920 | | 12,920 |
Palm Beach County Hsg. Fin. Auth. Multi-family Hsg. Rev. (Renaissance Apts. Proj.) 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 20,500 | | 20,500 |
Palm Beach County Rev.: | | | |
(Benjamin Private School Proj.) 0.05% 3/7/14, LOC Northern Trust Co., VRDN (c) | 5,540 | | 5,540 |
(Hospice of Palm Beach Proj.) Series 2001, 0.04% 3/7/14, LOC Northern Trust Co., VRDN (c) | 3,000 | | 3,000 |
(Raymond F. Kravis Ctr. Proj.) Series 2002, 0.04% 3/7/14, LOC Northern Trust Co., VRDN (c) | 3,145 | | 3,145 |
(Saint Andrew's School of Boca Raton, Inc. Proj.) Series 2007, 0.07% 3/7/14, LOC Bank of America NA, VRDN (c) | 9,800 | | 9,800 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Florida - continued |
Palm Beach County Rev.: - continued | | | |
(The Norton Gallery and School of Arts, Inc. Proj.) Series 2000, 0.09% 3/7/14, LOC Bank of America NA, VRDN (c) | $ 11,400 | | $ 11,400 |
Palm Beach County Solid Waste Auth. Rev. Participating VRDN Series ROC II 14003, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 6,400 | | 6,400 |
Palm Beach County Wtr. & Swr. Rev. Participating VRDN Series Putters 2622, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 1,000 | | 1,000 |
Pasco County School Board Ctfs. of Prtn. Series 2008 C, 0.06% 3/7/14, LOC Bank of America NA, VRDN (c) | 67,950 | | 67,950 |
Pinellas County Health Facilities Auth. Rev.: | | | |
(BayCare Health Sys. Proj.) Series 2009 A3, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 20,375 | | 20,375 |
(Suncoast Hospice Proj.) Series 2004, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 12,650 | | 12,650 |
Polk County Hsg. Fin. Auth. Multi-family Hsg. Rev. (Cambridge Cove Apts. Proj.) Series 2001, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 7,700 | | 7,700 |
RBC Muni. Products, Inc. Trust Participating VRDN Series RBC E 43, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada) (c)(g) | 22,400 | | 22,400 |
Sunshine State Govt. Fing. Commission Rev. (Miami-Dade County Prog.) Series 2010 A, 0.04% 3/7/14, LOC Bank of New York, New York, VRDN (c) | 8,100 | | 8,100 |
| | 857,180 |
Georgia - 1.9% |
Atlanta Urban Residential Fin. Auth. Multi-family Hsg. Rev.: | | | |
(Capitol Gateway Apts. Proj.) Series 2005, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 8,475 | | 8,475 |
(Carver Redev. Proj.) Series 2000, 0.22% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 3,715 | | 3,715 |
(Collegetown at Harris Homes Phase I Proj.) Series 2003, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 7,230 | | 7,230 |
Bartow County Dev. Auth. Poll. Cont. Rev. (Georgia Pwr. Co. Plant Bowen Proj.) Second Series 1998, 0.05% 3/3/14, VRDN (c)(f) | 11,400 | | 11,400 |
Bulloch County Dev. Auth. Indl. Dev. Rev. (Gold Kist, Inc. Proj.) Series 1995, 0.19% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 4,000 | | 4,000 |
Burke County Indl. Dev. Auth. Poll. Cont. Rev.: | | | |
(Georgia Pwr. Co. Plant Vogtle Proj.) Second Series 1995, 0.05% 3/3/14, VRDN (c) | 6,000 | | 6,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Georgia - continued |
Burke County Indl. Dev. Auth. Poll. Cont. Rev.: - continued | | | |
(Oglethorpe Pwr. Corp. Proj.): | | | |
Series 2010 A, 0.05% 3/7/14, LOC Bank of America NA, VRDN (c) | $ 47,400 | | $ 47,400 |
Series 2010 B, 0.05% 3/7/14, LOC Bank of America NA, VRDN (c) | 10,105 | | 10,105 |
Canton Hsg. Auth. Multi-family Hsg. Rev. (Alta Ridgewalk Apts. Proj.) Series 2003, 0.05% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 20,450 | | 20,450 |
Clarke County Indl. Dev. Auth. Hosp. Facilities Rev. Participating VRDN Series Solar 07 31, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 16,010 | | 16,010 |
Cobb County Kennestone Hosp. Auth. Rev. (WellStar Health Sys. Proj.) Series 2005 A, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 44,400 | | 44,400 |
Covington Hsg. Auth. Multi-family Rev. (Wellington Ridge Apt. Proj.) 0.05% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 8,845 | | 8,845 |
DeKalb County Hsg. Auth. Multi-family Hsg. Rev. (Eagles Trace Apts. Proj.) Series 1996, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 7,050 | | 7,050 |
Gwinnett County Dev. Auth. Indl. Dev. Rev. (Curtis 1000, Inc. Proj.) Series 1996, 0.05% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 6,460 | | 6,460 |
Gwinnett County Hsg. Auth. Multi-family Hsg. Rev. (Herrington Woods Apt. Proj.) Series 1996 A, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 10,035 | | 10,035 |
Gwinnett County Wtr. & Swr. Auth. Rev. Participating VRDN Series ROC II R 11910, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 4,095 | | 4,095 |
Heard County Dev. Auth. Poll. Cont. Rev. (Oglethorpe Pwr. Corp. Scherer Proj.) Series 2009 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 3,600 | | 3,600 |
Kennesaw Dev. Auth. Multi-family Hsg. Rev. (Alta Ridenour Apts. Proj.) Series 2008, 0.05% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 7,350 | | 7,350 |
Loganville Hsg. Auth. Multi-family Hsg. Rev. (Alexander Crossing Apt. Proj.) 0.05% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 15,555 | | 15,555 |
Main Street Natural Gas, Inc. Georgia Gas Proj. Rev. Series 2010 A, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada), VRDN (c) | 71,715 | | 71,715 |
Metropolitan Atlanta Rapid Transit Auth. Sales Tax Rev. Series 2000 B, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (c) | 43,785 | | 43,785 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Georgia - continued |
Monroe County Dev. Auth. Poll. Cont. Rev.: | | | |
(Oglethorpe Pwr. Corp. Proj.) Series 2009 B, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | $ 25,000 | | $ 25,000 |
(Oglethorpe Pwr. Corp. Scherer Proj.) Series 2009 A, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 10,940 | | 10,940 |
Newnan Dev. Auth. Multi-family Hsg. Rev. (The Club at Newnan Crossing Proj.) 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 9,600 | | 9,600 |
Private Colleges & Univs. Auth. Rev. Participating VRDN: | | | |
Series BC 13 20U, 0.05% 3/7/14 (Liquidity Facility Barclays Bank PLC) (c)(g) | 4,000 | | 4,000 |
Series WF 11 32C, 0.05% 3/7/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 5,800 | | 5,800 |
Richmond County Dev. Auth. Rev. (MCG Health, Inc. Proj.) Series 2008 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 59,585 | | 59,585 |
Roswell Hsg. Auth. Multi-family Hsg. Rev. (Azalea Park Apts. Proj.) Series 1996, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c) | 6,900 | | 6,900 |
Savannah Econ. Dev. Auth. Rev. (Home Depot, Inc. Proj.) Series 1995 A, 0.13% 3/7/14, VRDN (c)(f) | 57,400 | | 57,400 |
Sugar Hill Hsg. Auth. Multi-family Rev. (Level Creek Apts. Proj.) Series 1997, 0.06% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 11,290 | | 11,290 |
| | 548,190 |
Hawaii - 0.2% |
Eclipse Fdg. Trust Various States Participating VRDN Series Solar 12 14, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 14,275 | | 14,275 |
Hawaii Dept. of Budget & Fin. Spl. Purp. Rev. (Queen's Health Sys. Proj.): | | | |
Series 2009 A, 0.05% 3/7/14, LOC Bank of America NA, VRDN (c) | 16,080 | | 16,080 |
Series 2009 B, 0.05% 3/7/14, LOC Bank of America NA, VRDN (c) | 12,810 | | 12,810 |
Hawaii Gen. Oblig. Participating VRDN: | | | |
Series MT 4718, 0.06% 3/7/14 (Liquidity Facility Bank of America NA) (c)(g) | 1,340 | | 1,340 |
Series Putters 4007, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 6,665 | | 6,665 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Hawaii - continued |
Hawaii State Hsg. Fin. & Dev. Corp. Rev. (Lokahi Kau Apts. Proj.) Series 2008, 0.04% 3/7/14, LOC Freddie Mac, VRDN (c) | $ 6,160 | | $ 6,160 |
Honolulu City and County Wastewtr. Sys. Participating VRDN Series ROC II R 11989, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 4,005 | | 4,005 |
| | 61,335 |
Idaho - 0.0% |
Idaho Hsg. & Fin. Assoc. Single Family Mtg. Series 2004 A, 0.05% 3/7/14 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 5,100 | | 5,100 |
Illinois - 3.9% |
Carol Stream Multi-family Rev. (Saint Charles Square Proj.) Series 1997, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 1,800 | | 1,800 |
Chicago Board of Ed. Series 2000 B, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 23,000 | | 23,000 |
Chicago Gen. Oblig. Letter of Cr. Enhanced Participating VRDN Series Solar 06 38, 0.06% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 7,290 | | 7,290 |
Chicago Indl. Dev. Rev. (Chicago Scenic Studios, Inc. Proj.) Series 2000, 0.13% 3/7/14, LOC BMO Harris Bank NA, VRDN (c)(f) | 2,430 | | 2,430 |
Chicago Metropolitan Wtr. Reclamation District Greater Chicago Participating VRDN: | | | |
Series Putters 4360, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 5,000 | | 5,000 |
Series Solar 06 75, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 19,740 | | 19,740 |
Chicago O'Hare Int'l. Arpt. Rev. Series 2005 D, 0.04% 3/7/14, LOC Barclays Bank PLC, VRDN (c) | 60,900 | | 60,900 |
Chicago Park District Gen. Oblig. Participating VRDN Series ROC II R 11935, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 9,375 | | 9,375 |
Chicago Wtr. Rev.: | | | |
Series 2004 A1, 0.08% 3/7/14, LOC California Pub. Employees Retirement Sys., VRDN (c) | 85,540 | | 85,540 |
Series 2004 A2, 0.08% 3/7/14, LOC California Pub. Employees Retirement Sys., VRDN (c) | 57,970 | | 57,970 |
Series 2004 A3, 0.05% 3/7/14, LOC State Street Bank & Trust Co., Boston, VRDN (c) | 24,050 | | 24,050 |
DuPage County Gen. Oblig. Participating VRDN Series Merlots 00 A9, 0.05% 3/7/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 8,705 | | 8,705 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Illinois - continued |
Illinois Dev. Fin. Auth. Indl. Dev. Rev.: | | | |
(Delta-Unibus Corp. Proj.) Series 2001, 0.21% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | $ 3,200 | | $ 3,200 |
(R&R Enterprises 2nd Proj.) Series 1999 A, 0.13% 3/7/14, LOC BMO Harris Bank NA, VRDN (c)(f) | 2,140 | | 2,140 |
Illinois Dev. Fin. Auth. Rev. (Rich Prods. Corp. Proj.) Series 1998, 0.05% 3/7/14, LOC HSBC Bank U.S.A., NA, VRDN (c)(f) | 7,825 | | 7,825 |
Illinois Dev. Fin. Auth. Solid Waste Disp. Rev. (Waste Mgmt., Inc. Proj.) 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | 16,900 | | 16,900 |
Illinois Edl. Facilities Auth. Rev. (Field Museum of Natural History Proj.) Series 2000, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 14,900 | | 14,900 |
Illinois Fin. Auth. Multi-family Rev. (Hidden Glen Apts. Proj.) Series 2007, 0.04% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 6,965 | | 6,965 |
Illinois Fin. Auth. Rev.: | | | |
(Chicago Symphony Orchestra Proj.) Series 2008, 0.03% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 19,540 | | 19,540 |
(Edward Hosp. Obligated Group Proj.): | | | |
Series 2008 B1, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 35,435 | | 35,435 |
Series 2008 B2, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 37,535 | | 37,535 |
(Little Co. of Mary Hosp. Proj.): | | | |
Series 2008 A, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 39,050 | | 39,050 |
Series 2008 B, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 11,600 | | 11,600 |
(Museum of Science & Industry Proj.): | | | |
Series 2009 A, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 15,500 | | 15,500 |
Series 2009 C, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 12,870 | | 12,870 |
Series 2009 D, 0.04% 3/7/14, LOC Northern Trust Co., VRDN (c) | 15,500 | | 15,500 |
(Northwest Cmnty. Hosp. Proj.): | | | |
Series 2008 B, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 30,320 | | 30,320 |
Series 2008 C, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 26,300 | | 26,300 |
(OSF Healthcare Sys. Proj.) Series 2009 C, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 4,800 | | 4,800 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Illinois - continued |
Illinois Fin. Auth. Rev.: - continued | | | |
(Rockford Mem. Hosp. Proj.) 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | $ 50,400 | | $ 50,400 |
(Rush Univ. Med. Ctr. Proj.) Series 2008 A, 0.03% 3/7/14, LOC Northern Trust Co., VRDN (c) | 7,700 | | 7,700 |
(Saint Xavier Univ. Proj.) Series 2008, 0.06% 3/7/14, LOC Bank of America NA, VRDN (c) | 9,570 | | 9,570 |
(Swedish Covenant Hosp. Proj.) Series 2008 A, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (c) | 7,300 | | 7,300 |
(The Carle Foundation Proj.) Series 2009 B, 0.03% 3/7/14, LOC Northern Trust Co., VRDN (c) | 9,125 | | 9,125 |
Participating VRDN: | | | |
Series BA 08 1137, 0.05% 3/7/14 (Liquidity Facility Bank of America NA) (c)(g) | 12,855 | | 12,855 |
Series EGL 06 115, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 5,445 | | 5,445 |
Series Floaters 3342, 0.05% 3/7/14 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (c)(g) | 3,300 | | 3,300 |
Series MS 3332, 0.03% 3/7/14 (Liquidity Facility Cr. Suisse AG) (c)(g) | 12,000 | | 12,000 |
Series Putters 3174, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 15,620 | | 15,620 |
Series Putters 3378, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 11,200 | | 11,200 |
Series Putters 3435, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 2,105 | | 2,105 |
Series 2009 A, 0.04% 3/7/14, LOC BMO Harris Bank NA, VRDN (c) | 21,685 | | 21,685 |
Series 2009 B, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 15,500 | | 15,500 |
Series 2011 B, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (c) | 12,720 | | 12,720 |
Illinois Gen. Oblig.: | | | |
Series 2003 B, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 32,800 | | 32,800 |
Series 2003 B3, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 17,100 | | 17,100 |
Illinois Health Facilities Auth. Rev. (Herman M. Finch Univ. of Health Sciences/The Chicago Med. School Proj.) Series 2003, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 8,100 | | 8,100 |
Illinois Hsg. Dev. Auth. Multi-family Hsg. Rev.: | | | |
(Lakeshore Plaza Proj.) Series 2008 B, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 30,585 | | 30,585 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Illinois - continued |
Illinois Hsg. Dev. Auth. Multi-family Hsg. Rev.: - continued | | | |
(Prairie Station Apts. Proj.) 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | $ 17,900 | | $ 17,900 |
(Valley View Apts. Proj.) 0.05% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 11,010 | | 11,010 |
0.04% 3/7/14, LOC Freddie Mac, VRDN (c) | 11,600 | | 11,600 |
Illinois Toll Hwy. Auth. Toll Hwy. Rev.: | | | |
Series 2007 A-2A, 0.03% 3/7/14, LOC Bank of Tokyo-Mitsubishi UFJ Ltd., VRDN (c) | 17,000 | | 17,000 |
Series 2007 A1, 0.04% 3/7/14, LOC Citibank NA, VRDN (c) | 112,000 | | 112,000 |
Lake County Multi-family Hsg. Rev. (Whispering Oaks Apts. Proj.) Series 2008, 0.03% 3/7/14, LOC Freddie Mac, VRDN (c) | 16,650 | | 16,650 |
Lake County Solid Waste Disp. Facilities Rev. (Countryside Landfill, Inc. Proj.) Series B, 0.1% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | 4,320 | | 4,320 |
Lisle Village Multi-family Hsg. Rev. (Devonshire of Lisle Proj.) Series 1991, 0.07% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 6,000 | | 6,000 |
Metropolitan Pier & Exposition Participating VRDN: | | | |
Series MS 3220, 0.03% 3/7/14 (Liquidity Facility Cr. Suisse AG) (c)(g) | 28,685 | | 28,685 |
Series MS 3297, 0.03% 3/7/14 (Liquidity Facility Cr. Suisse AG) (c)(g) | 2,600 | | 2,600 |
Series Putters 3861, 0.06% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 28,500 | | 28,500 |
Series RBC O 42, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada) (c)(g) | 5,000 | | 5,000 |
Palos Hills Multi-family Hsg. Rev. (Green Oaks Proj.) Series 1998, 0.09% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 14,300 | | 14,300 |
| | 1,166,855 |
Indiana - 1.6% |
Eclipse Fdg. Trust Custody Rpt. Various States Participating VRDN Series Solar 07 26, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 13,435 | | 13,435 |
Elkhart County Hosp. Auth. Rev. (Elkhart Gen. Hosp. Proj.) Series 2008, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 21,390 | | 21,390 |
Elkhart County Multi-family Hsg. Rev. (Pedcor Investments Proj.) Series 2000, 0.07% 3/7/14, LOC Fed. Home Ln. Bank, Indianapolis, VRDN (c)(f) | 7,197 | | 7,197 |
Hammond Swr. & Solid Waste Disp. Rev. (Cargill, Inc. Proj.) 0.05% 3/7/14, VRDN (c)(f) | 39,000 | | 39,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Indiana - continued |
Indiana Dev. Fin. Auth. Econ. (Archer-Daniels-Midland Co. Proj.) Series 2012, 0.04% 3/7/14 (Archer Daniels Midland Co. Guaranteed), VRDN (c) | $ 12,000 | | $ 12,000 |
Indiana Dev. Fin. Auth. Envir. Rev. (Duke Energy Indiana, Inc. Proj.) Series 2009 A3, 0.04% 3/7/14, LOC Mizuho Corporate Bank Ltd., VRDN (c) | 32,450 | | 32,450 |
Indiana Dev. Fin. Auth. Poll. Cont. Rev. (Southern Indiana Gas and Elec. Co. Proj.) Series 1998 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 16,000 | | 16,000 |
Indiana Dev. Fin. Auth. Solid Waste Disp. Rev. (Waste Mgmt., Inc. Proj.) Series 2002 B, 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | 14,000 | | 14,000 |
Indiana Edl. Facilities Auth. Rev. (Franklin College Proj.) Series 2003, 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 7,200 | | 7,200 |
Indiana Fin. Auth. Health Sys. Rev. (Sisters of Saint Francis Health Svcs., Inc. Obligated Group Proj.): | | | |
Series 2008 B, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 40,590 | | 40,590 |
Series 2008 E, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 32,700 | | 32,700 |
Series 2008 H, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 33,995 | | 33,995 |
Series 2008 I, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 8,000 | | 8,000 |
Indiana Fin. Auth. Hosp. Rev.: | | | |
(Cmnty. Health Network Proj.) Series 2009 A, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 3,400 | | 3,400 |
(Indiana Univ. Health Obligated Group Proj.): | | | |
Series 2011 D, 0.03% 3/7/14, LOC Northern Trust Co., VRDN (c) | 6,115 | | 6,115 |
Series 2011 E, 0.03% 3/7/14, LOC Bank of America NA, VRDN (c) | 1,950 | | 1,950 |
(Parkview Health Sys. Oblig. Group Proj.): | | | |
Series 2009 B, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 39,990 | | 39,990 |
Series 2009 D, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 4,100 | | 4,100 |
Series 2011 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 15,550 | | 15,550 |
Indiana Fin. Auth. Rev.: | | | |
(DePauw Univ. Proj.) Series 2008 B, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (c) | 7,860 | | 7,860 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Indiana - continued |
Indiana Fin. Auth. Rev.: - continued | | | |
Series 2008, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | $ 14,420 | | $ 14,420 |
Indiana Health & Edl. Facilities Fing. Auth. Rev. Participating VRDN Series Solar 07 63, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 14,915 | | 14,915 |
Indianapolis Econ. Dev. Rev. (Pine Glen Apts. Proj.) 0.05% 3/7/14, LOC Fed. Home Ln. Bank, Cincinnati, VRDN (c)(f) | 6,065 | | 6,065 |
Knox Econ. Dev. Rev. (Toll IN LLC Proj.) 0.1% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 9,435 | | 9,435 |
Lawrenceburg Poll. Cont. Rev. (Indiana Michigan Pwr. Co. Proj.) Series 2008 H, 0.03% 3/7/14, LOC Bank of Nova Scotia, VRDN (c) | 4,000 | | 4,000 |
Marion Econ. Dev. Rev. (Indiana Wesleyan Univ. Proj.) Series 2006, 0.07% 3/7/14, LOC Bank of America NA, VRDN (c) | 15,000 | | 15,000 |
RBC Muni. Products, Inc. Trust Participating VRDN Series RBC E 23, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada) (c)(g) | 20,500 | | 20,500 |
Saint Joseph County Hosp. Auth. Health Sys. Rev. (Memorial Health Sys. Proj.) Series 2008 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 31,765 | | 31,765 |
Warrick County Poll. Cont. Rev. (Southern Indiana Gas and Elec. Co. Proj.) Series 1985 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 9,775 | | 9,775 |
| | 482,797 |
Iowa - 0.3% |
Iowa Fin. Auth. Series 2005 C, 0.05% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston), VRDN (c)(f) | 5,075 | | 5,075 |
Iowa Fin. Auth. Health Facilities Rev. Series 2013 B2, 0.02% 3/7/14, LOC Union Bank NA, VRDN (c) | 14,800 | | 14,800 |
Iowa Fin. Auth. Poll. Cont. Facility Rev. (MidAmerican Energy Proj.) Series 2008 B, 0.06% 3/7/14, VRDN (c) | 14,000 | | 14,000 |
Iowa Fin. Auth. Rev. (Trinity Health Sys. Proj.) Series 2000 D, 0.03% 3/7/14, VRDN (c) | 25,800 | | 25,800 |
Iowa Fin. Auth. Solid Disp. Waste Rev. (MidAmerican Energy Proj.) Series 2008 A, 0.06% 3/7/14, VRDN (c)(f) | 3,100 | | 3,100 |
Iowa Fin. Auth. Wellness Facilities Rev. (Cmnty. Y of Marshalltown Proj.) Series 2001, 0.05% 3/7/14, LOC Northern Trust Co., VRDN (c) | 5,400 | | 5,400 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Iowa - continued |
Iowa Higher Ed. Ln. Auth. Rev. (Univ. of Dubuque Proj.): | | | |
Series 2004, 0.05% 3/3/14, LOC Fifth Third Bank, Cincinnati, VRDN (c) | $ 2,260 | | $ 2,260 |
Series 2007, 0.05% 3/3/14, LOC Fifth Third Bank, Cincinnati, VRDN (c) | 4,000 | | 4,000 |
| | 74,435 |
Kansas - 0.1% |
Chanute Indl. Dev. Rev. (Ash Grove Cement Co. Proj.) Series 2000, 0.1% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 25,100 | | 25,100 |
Lenexa Multi-family Hsg. Rev. (Meadows Apts. Proj.) Series A, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 14,500 | | 14,500 |
| | 39,600 |
Kentucky - 1.4% |
Boyd County Sewage & Solid Waste Rev. (Air Products and Chemicals, Inc. Proj.) Series 2003, 0.04% 3/7/14, VRDN (c)(f) | 8,500 | | 8,500 |
Carroll County Envir. Facilities Rev. (Kentucky Utils. Co. Proj.): | | | |
Series 2004 A, 0.05% 3/7/14, LOC Sumitomo Mitsui Banking Corp., VRDN (c)(f) | 40,000 | | 40,000 |
Series 2006 B, 0.05% 3/7/14, LOC Sumitomo Mitsui Banking Corp., VRDN (c)(f) | 35,000 | | 35,000 |
Series 2008 A, 0.05% 3/7/14, LOC Sumitomo Mitsui Banking Corp., VRDN (c)(f) | 77,947 | | 77,947 |
Daviess County Exempt Facilities Rev. (Kimberly-Clark Tissue Co. Proj.) Series 1999, 0.07% 3/7/14 (Kimberly-Clark Corp. Guaranteed), VRDN (c)(f) | 4,870 | | 4,870 |
Daviess County Solid Waste Disp. Facilities Rev. (Scott Paper Co. Proj.): | | | |
Series 1993 A, 0.07% 3/7/14 (Kimberly-Clark Corp. Guaranteed), VRDN (c)(f) | 67,250 | | 67,250 |
Series 1993 B, 0.07% 3/7/14 (Kimberly-Clark Corp. Guaranteed), VRDN (c)(f) | 37,700 | | 37,700 |
Elizabethtown Indl. Bldg. Rev. (Altec Industries, Inc. Proj.) Series 1997, 0.08% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 5,000 | | 5,000 |
Henderson County Indl. Dev. Auth. (Pittsburg Tank & Tower Co. Proj.) 0.05% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 100 | | 100 |
Kentucky Econ. Dev. Fin. Auth. Rev. Series 2005 B, 0.04% 3/7/14, LOC Branch Banking & Trust Co., VRDN (c) | 14,800 | | 14,800 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Kentucky - continued |
Kentucky Higher Ed. Student Ln. Corp. Rev. Series 2008 A1, 0.05% 3/7/14, LOC State Street Bank & Trust Co., Boston, VRDN (c)(f) | $ 18,700 | | $ 18,700 |
Kentucky Hsg. Corp. Conduit Multi-family Mtg. Rev. (Gleneagles Apts. Proj.) 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 9,400 | | 9,400 |
Kentucky Hsg. Corp. Multi-family Rev. (Canterbury Southgate Hsg. Proj.) 0.05% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 12,565 | | 12,565 |
Kentucky Muni. Pwr. Agcy. Pwr. Sys. Rev. Participating VRDN Series Solar 07 107, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 20,410 | | 20,410 |
Larue County Indl. Dev. Rev. (CMH Hodgenville, Inc. Proj.) Series 2000, 0.06% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 6,000 | | 6,000 |
Logan County Solid Waste Disp. (Waste Mgmt. of Kentucky LLC Proj.) 0.05% 3/7/14, LOC PNC Bank NA, VRDN (c)(f) | 1,450 | | 1,450 |
Louisville & Jefferson County Series 2011 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 19,400 | | 19,400 |
Louisville & Jefferson County Metropolitan Swr. District Swr. & Drain Sys. Rev. Participating VRDN Series Solar 06 87, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 13,400 | | 13,400 |
Louisville & Jefferson County Reg'l. Arpt. Auth. Spl. Facilities Rev. (UPS Worldwide Forwarding, Inc. Proj.) Series 1999 B, 0.04% 3/3/14 (United Parcel Svc. of America Guaranteed), VRDN (c)(f) | 7,000 | | 7,000 |
Mercer County Solid Waste Disp. Facility Rev. (Kentucky Utils. Co. Proj.) Series 2000 A, 0.03% 3/7/14, LOC Sumitomo Mitsui Banking Corp., VRDN (c)(f) | 12,900 | | 12,900 |
Minor Lane Heights Solid Waste Disp. Rev. (Waste Mgmt. of Kentucky, LLC Proj. D) Series 2003, 0.05% 3/7/14, LOC PNC Bank NA, VRDN (c)(f) | 11,000 | | 11,000 |
| | 423,392 |
Louisiana - 1.5% |
East Baton Rouge Parish Pub. Impt. Sales Tax Rev. Series 2008 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 63,640 | | 63,640 |
Louisiana Gas & Fuel Tax Rev. Participating VRDN: | | | |
Series Putters 3806, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 9,990 | | 9,990 |
Series Solar 06 133, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 6,840 | | 6,840 |
Louisiana Hsg. Fin. Auth. Multi-family Hsg. Rev. (The Reserve at Jefferson Proj.) Series 2008, 0.06% 3/7/14, LOC Freddie Mac, VRDN (c) | 4,095 | | 4,095 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Louisiana - continued |
Louisiana Offshore Term. Auth. Deepwater Port Rev. (LOOP LLC Proj.) Series 2013 B, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | $ 14,900 | | $ 14,900 |
Louisiana Pub. Facilities Auth. Gulf Opportunity Zone Rev. (Celtic Mgmt. Corp. Proj.) Series 2008, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 13,695 | | 13,695 |
Louisiana Pub. Facilities Auth. Hosp. Rev. (Franciscan Missionaries of Our Lady Health Sys. Proj.): | | | |
Series 2005 B, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 13,700 | | 13,700 |
Series 2008 A, 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 37,225 | | 37,225 |
Louisiana Pub. Facilities Auth. Rev.: | | | |
(Air Products & Chemicals, Inc. Proj.): | | | |
Series 2002, 0.04% 3/7/14, VRDN (c)(f) | 1,000 | | 1,000 |
Series 2003, 0.04% 3/7/14, VRDN (c)(f) | 15,650 | | 15,650 |
Series 2004, 0.03% 3/7/14, VRDN (c) | 5,900 | | 5,900 |
Series 2009 A, 0.03% 3/7/14, VRDN (c) | 30,735 | | 30,735 |
(C-Port LLC Proj.) Series 2008, 0.08% 3/7/14, LOC Bank of America NA, VRDN (c) | 7,000 | | 7,000 |
Saint James Parish Gen. Oblig.: | | | |
(Nucor Steel Louisiana LLC Proj.): | | | |
Series 2010 A1, 0.31% 3/7/14, VRDN (c) | 6,530 | | 6,530 |
Series 2010 B1, 0.3% 3/7/14, VRDN (c) | 30,270 | | 30,270 |
(NuStar Logistics, L.P. Proj.): | | | |
Series 2010 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 50,000 | | 50,000 |
Series 2010 B, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 48,800 | | 48,800 |
Series 2010, 0.03% 3/7/14, LOC Mizuho Corporate Bank Ltd., VRDN (c) | 25,000 | | 25,000 |
Series 2011, 0.03% 3/7/14, LOC Bank of Nova Scotia, VRDN (c) | 45,000 | | 45,000 |
| | 429,970 |
Maine - 0.2% |
Maine Fin. Auth. Solid Waste Disposable Rev. (Casella Waste Systems, Inc. Proj.) 0.1% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 3,600 | | 3,600 |
Maine Health & Higher Ed. Facilities Auth. Rev.: | | | |
Series 2008 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 28,865 | | 28,865 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Maine - continued |
Maine Health & Higher Ed. Facilities Auth. Rev.: - continued | | | |
Series 2008 B, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | $ 4,725 | | $ 4,725 |
Maine Hsg. Auth. Multi-family Dev. Rev. (Park Village Apts. Proj.) 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 24,000 | | 24,000 |
| | 61,190 |
Maryland - 0.5% |
Anne Arundel County Gen. Oblig. Participating VRDN Series BBT 08 10, 0.03% 3/7/14 (Liquidity Facility Branch Banking & Trust Co.) (c)(g) | 13,610 | | 13,610 |
Maryland Cmnty. Dev. Administration Dept. of Hsg. & Cmnty. Dev.: | | | |
(Barrington Apts. Proj.) Series A, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 12,190 | | 12,190 |
(Parlane Apts. Proj.) Series 2001 C, 0.03% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 3,400 | | 3,400 |
Maryland Cmnty. Dev. Administration Multi-family Dev. Rev. (Avalon Lea Apt. Proj.) Series 1997, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c) | 2,000 | | 2,000 |
Maryland Econ. Dev. Corp. Rev. (Howard Hughes Med. Institute Proj.) Series 2008 A, 0.02% 3/7/14, VRDN (c) | 6,000 | | 6,000 |
Maryland Health & Higher Edl. Facilities Auth. Rev.: | | | |
(Adventist Healthcare Proj.) Series 2005 A, 0.04% 3/7/14, LOC Union Bank NA, VRDN (c) | 25,000 | | 25,000 |
(Anne Arundel Health Sys. Proj.) Series 2009 B, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 21,400 | | 21,400 |
Maryland Trans. Auth. Passenger Facility Charge Rev. Series 2012 C, 0.06% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 20,500 | | 20,500 |
Maryland Trans. Auth. Trans. Facility Projects Rev. Participating VRDN: | | | |
Series BA 08 1077, 0.08% 3/7/14 (Liquidity Facility Bank of America NA) (c)(g) | 5,055 | | 5,055 |
Series ROC II R 11437, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 10,000 | | 10,000 |
Montgomery County Hsg. Opportunities Commission Multi-family Hsg. Rev. (Oak Mill II Apts. Proj.) Series 2010 B, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 5,100 | | 5,100 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Maryland - continued |
Montgomery County Hsg. Opportunity Commission Single Family Mtg. Rev.: | | | |
Series 2007 F, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c)(f) | $ 10,000 | | $ 10,000 |
Series 2008 C, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c)(f) | 8,450 | | 8,450 |
| | 142,705 |
Massachusetts - 0.4% |
Massachusetts Gen. Oblig. Participating VRDN: | | | |
Series Clipper 07 39, 0.03% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(g) | 2,675 | | 2,675 |
Series Clipper 07 41, 0.06% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(g) | 39,000 | | 39,000 |
Massachusetts School Bldg. Auth. Dedicated Sales Tax Rev. Participating VRDN: | | | |
ROC II R 12193, 0.05% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 4,000 | | 4,000 |
Series Putters 3990, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 2,000 | | 2,000 |
Massachusetts Wtr. Poll. Abatement Trust Participating VRDN: | | | |
Series Clipper 05 36, 0.03% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(g) | 11,835 | | 11,835 |
Series Clipper 06 11, 0.06% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(g) | 59,605 | | 59,605 |
| | 119,115 |
Michigan - 0.6% |
Livonia Econ. Dev. Corp. (Madonna Univ. Proj.) Series 2009, 0.04% 3/7/14, LOC Fed. Home Ln. Bank Chicago, VRDN (c) | 13,350 | | 13,350 |
Michigan Fin. Auth. Rev.: | | | |
Participating VRDN Series Putters 4286, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 4,890 | | 4,890 |
Series 22 A, 0.03% 3/7/14, LOC State Street Bank & Trust Co., Boston, VRDN (c)(f) | 18,700 | | 18,700 |
Michigan Higher Ed. Rev. (Univ. of Detroit Mercy Proj.) Series 2007, 0.05% 3/3/14, LOC JPMorgan Chase Bank, VRDN (c) | 4,100 | | 4,100 |
Michigan Hosp. Fin. Auth. Rev.: | | | |
(Henry Ford Health Sys. Proj.) Series 2007, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 76,410 | | 76,410 |
(McLaren Health Care Corp. Proj.) Series 2008 B3, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 10,300 | | 10,300 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Michigan - continued |
Michigan State Univ. Revs. Participating VRDN Series WF 11 33 C, 0.05% 3/7/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | $ 3,000 | | $ 3,000 |
Michigan Strategic Fund Ltd. Oblig. Rev. (Consumers Energy Co. Proj.): | | | |
0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 17,000 | | 17,000 |
0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | 33,100 | | 33,100 |
| | 180,850 |
Minnesota - 0.2% |
Eagan Multi-family Rev. (Thomas Lake Place Apts. Proj.) Series 2003 A1, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 6,525 | | 6,525 |
Hennepin County Hsg. & Redev. Auth. Multi-family Rev. (Stone Arch Apts. Proj.) 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 9,800 | | 9,800 |
Minneapolis & Saint Paul Hsg. & Redev. Auth. Health Care Sys. Rev. (Allina Health Sys. Proj.) Series 2007 C1, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 16,650 | | 16,650 |
Minneapolis Multi-family Rev. (Stone Arch Apt. Proj.) Series 2002, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 3,600 | | 3,600 |
Oak Park Heights Multi-family Rev. 0.04% 3/7/14, LOC Freddie Mac, VRDN (c) | 7,585 | | 7,585 |
St. Paul Hsg. & Redev. Auth. Health Care Facilities Rev. (Allina Health Sys. Proj.) Series 2009 C, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 2,120 | | 2,120 |
| | 46,280 |
Mississippi - 0.1% |
Mississippi Bus. Fin. Corp. Rev. (Jackson Med. Mall Foundation Prog.) Series 2008 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 7,400 | | 7,400 |
Mississippi Bus. Fin. Corp. Solid Waste Disp. Rev. (Waste Mgmt., Inc. Proj.) 0.04% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 10,000 | | 10,000 |
Mississippi Dev. Bank Spl. Oblig. (Harrison County Proj.) Series 2008 A2, 0.07% 3/7/14, LOC Bank of America NA, VRDN (c) | 14,000 | | 14,000 |
Mississippi Home Corp. Multi-family Hsg. Rev. (Bristol Park Apts. Proj.) Series 2001 1, 0.09% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 7,600 | | 7,600 |
| | 39,000 |
Missouri - 1.0% |
Curators of the Univ. of Missouri Sys. Facilities Rev. Series 2007 B, 0.02% 3/7/14, VRDN (c) | 50,000 | | 50,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Missouri - continued |
Grandview Indl. Dev. Auth. Multi-family Hsg. Rev. (Briarwood Apts. Proj.) 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | $ 11,800 | | $ 11,800 |
Missouri Health & Edl. Facilities Series 2013 B, 0.05% 3/3/14, LOC Bank of America NA, VRDN (c) | 5,000 | | 5,000 |
Missouri Health & Edl. Facilities Auth. Edl. Facilities Rev. Participating VRDN: | | | |
Series EGL 07 0001, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 6,000 | | 6,000 |
Series Putters 3546, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 11,300 | | 11,300 |
Series Putters 3929, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 2,785 | | 2,785 |
Missouri Health & Edl. Facilities Auth. Health Facilities Rev. (SSM Health Care Sys. Proj.) Series 2010 D, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 54,500 | | 54,500 |
Missouri Health & Edl. Facilities Auth. Rev.: | | | |
(Ascension Health Cr. Group Proj.) Series 2003 C2, 0.02% 3/7/14, VRDN (c) | 17,100 | | 17,100 |
(Ascension Health Proj.): | | | |
Series 2003 C3, 0.02% 3/7/14, VRDN (c) | 18,400 | | 18,400 |
Series 2008 C4, 0.02% 3/7/14, VRDN (c) | 21,700 | | 21,700 |
RBC Muni. Products, Inc. Trust Participating VRDN: | | | |
Series RBC E 40, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada) (a)(c)(g) | 21,295 | | 21,295 |
Series RBC E 47, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada) (c)(g) | 17,100 | | 17,100 |
Saint Louis Indl. Dev. Auth.: | | | |
(Metropolitan Lofts Apts. Proj.) Series 2003 A, 0.08% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 27,600 | | 27,600 |
(Saint Luke's Plaza Apts. Proj.) Series 2009, 0.03% 3/7/14 (Liquidity Facility Freddie Mac), VRDN (c) | 1,900 | | 1,900 |
Springfield Pub. Util. Rev. Participating VRDN Series Solar 06 156, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 30,035 | | 30,035 |
St. Louis Indl. Dev. Auth. (The St. Louis Art Museum Proj.) Series 2009 B, 0.04% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 5,200 | | 5,200 |
| | 301,715 |
Montana - 0.0% |
Forsyth Poll. Cont. Rev. Series 2008 A, 0.22% 3/7/14, VRDN (c)(f) | 450 | | 450 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Nebraska - 1.1% |
Central Plains Energy Proj. Rev. (Nebraska Gas Proj.) Series 2009, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada), VRDN (c) | $ 148,570 | | $ 148,570 |
Douglas County Solid Waste Disp. Rev. (Waste Mgmt., Inc. Proj.) Series A, 0.05% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 10,000 | | 10,000 |
Nebraska Invt. Fin. Auth. Single Family Hsg. Rev.: | | | |
Series 2010 C, 0.05% 3/7/14 (Liquidity Facility Fed. Home Ln. Bank Topeka), VRDN (c)(f) | 102,375 | | 102,375 |
Series 2013 F, 0.05% 3/7/14 (Liquidity Facility Fed. Home Ln. Bank Topeka), VRDN (c)(f) | 14,400 | | 14,400 |
Nebraska Pub. Pwr. Generation Agcy. Rev. Participating VRDN Series Solar 07 20, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 43,960 | | 43,960 |
Washington County Indl. Dev. Rev. (Cargill Dow Polymers LLC Proj.) Series 2000, 0.04% 3/7/14 (Cargill, Inc. Guaranteed) (The Dow Chemical Co. Guaranteed), LOC Wells Fargo Bank NA, VRDN (c)(f) | 10,000 | | 10,000 |
| | 329,305 |
Nevada - 2.8% |
Clark County Arpt. Rev.: | | | |
Series 2008 A2, 0.02% 3/7/14, LOC State Street Bank & Trust Co., Boston, VRDN (c)(f) | 24,000 | | 24,000 |
Series 2008 B2, 0.04% 3/7/14, LOC State Street Bank & Trust Co., Boston, VRDN (c)(f) | 50,000 | | 50,000 |
Series 2008 C1, 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | 122,900 | | 122,900 |
Series 2008 C2, 0.12% 3/7/14, LOC Landesbank Baden-Wurttemberg, VRDN (c)(f) | 51,350 | | 51,350 |
Series 2008 C3, 0.14% 3/7/14, LOC Landesbank Baden-Wurttemberg, VRDN (c)(f) | 37,200 | | 37,200 |
Series 2008 D 2A, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 77,600 | | 77,600 |
Series 2008 D1, 0.03% 3/7/14, LOC Sumitomo Mitsui Banking Corp., VRDN (c) | 38,400 | | 38,400 |
Series 2008 D3, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 39,415 | | 39,415 |
Series 2011 B1, 0.05% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 88,700 | | 88,700 |
Series 2011 B2, 0.04% 3/7/14, LOC Royal Bank of Canada, VRDN (c)(f) | 49,000 | | 49,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Nevada - continued |
Clark County Fuel Tax Participating VRDN: | | | |
Series Putters 3158, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | $ 32,110 | | $ 32,110 |
Series ROC II R 11507, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 2,400 | | 2,400 |
Clark County Indl. Dev. Rev. (Southwest Gas Corp. Proj.): | | | |
Series 2003 A, 0.08% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | 39,200 | | 39,200 |
Series 2009 A, 0.06% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 16,000 | | 16,000 |
Clark County McCarran Int'l. Arpt. Passenger Facility Charge Rev. Series 2010 F2, 0.04% 3/7/14, LOC Union Bank NA, VRDN (c) | 69,850 | | 69,850 |
Clark County Wtr. Reclamation District Participating VRDN Series Putters 3355, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 7,500 | | 7,500 |
Eclipse Fdg. Trust Various States Participating VRDN Series Solar NV D7, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 12,245 | | 12,245 |
Las Vegas Valley Wtr. District Wtr. Impt. Gen. Oblig. Participating VRDN Series Solar 06 93, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 14,000 | | 14,000 |
Nevada Hsg. Division (Horizon Apt. Hsg. Proj.) Series 2000 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 7,410 | | 7,410 |
Reno Hosp. Rev. (Renown Reg'l. Med. Ctr. Proj.): | | | |
Series 2008 A, 0.04% 3/7/14, LOC Union Bank NA, VRDN (c) | 8,000 | | 8,000 |
Series 2009 A, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 18,100 | | 18,100 |
Series 2009 B, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 6,965 | | 6,965 |
| | 812,345 |
New Hampshire - 0.2% |
New Hampshire Bus. Fin. Auth. Ind. Dev. Rev. (Wiggins Airways Proj.) Series 1998, 0.26% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 3,000 | | 3,000 |
New Hampshire Bus. Fin. Auth. Resource Recovery Rev. (Wheelabrator Concord Co. LP Proj.) Series 1997 A, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 13,800 | | 13,800 |
New Hampshire Bus. Fin. Auth. Rev. (Luminescent Sys., Inc. Proj.) Series 1998, 0.2% 3/7/14, LOC HSBC Bank U.S.A., NA, VRDN (c)(f) | 1,250 | | 1,250 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
New Hampshire - continued |
New Hampshire Bus. Fin. Auth. Solid Waste Disp. Rev. (Casella Waste Sys., Inc. Proj.) Series 2013, 0.1% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | $ 2,700 | | $ 2,700 |
New Hampshire Health & Ed. Facilities Auth. Rev.: | | | |
(Exeter Hosp. Obligated Group Proj.) Series 2001 B, 0.03% 3/7/14, LOC Bank of America NA, VRDN (c) | 9,110 | | 9,110 |
(Frisbie Memorial Hosp. Proj.) Series 2006, 0.05% 3/7/14, LOC TD Banknorth, NA, VRDN (c) | 10,775 | | 10,775 |
New Hampshire Hsg. Fin. Auth. Multi-family Rev. (Pheasant Run Proj.) 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 16,400 | | 16,400 |
| | 57,035 |
New Jersey - 0.1% |
New Jersey Hsg. & Mtg. Fin. Agcy. Multi-family Rev. Series 2008 F, 0.05% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 7,600 | | 7,600 |
Salem County Poll. Cont. Fin. Auth. Rev. (Pub. Svc. Elec. and Gas Co. Proj.): | | | |
Series 2003 B1, 0.18% 3/7/14, VRDN (c) | 7,900 | | 7,900 |
Series 2012 A, 0.2% 3/7/14, VRDN (c)(f) | 15,000 | | 15,000 |
| | 30,500 |
New Mexico - 0.3% |
New Mexico Fin. Auth. Trans. Rev. Series 2008 B1, 0.03% 3/7/14, LOC State Street Bank & Trust Co., Boston, VRDN (c) | 6,460 | | 6,460 |
New Mexico Muni. Energy Acquisition Auth. Gas Supply Rev. Series 2009, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada), VRDN (c) | 74,250 | | 74,250 |
Rio Rancho Wtr. & Wastewtr. Sys. Rev. Participating VRDN Series Solar 2007 19, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 9,485 | | 9,485 |
Univ. of New Mexico Univ. Revs. Participating VRDN Series ROC II R 11961, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 2,000 | | 2,000 |
| | 92,195 |
New York - 11.6% |
Dutchess County Indl. Dev. Agcy. Civic Facility Rev. (Lutheran Ctr. at Poughkeepsie, Inc. Proj.) 0.12% 3/7/14, LOC KeyBank NA, VRDN (c) | 2,300 | | 2,300 |
Long Island Pwr. Auth. Elec. Sys. Rev. Series 2012 C, 0.03% 3/7/14, LOC Barclays Bank PLC, VRDN (c) | 10,900 | | 10,900 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
New York - continued |
New York City Gen. Oblig.: | | | |
Participating VRDN: | | | |
Series Putters 3196, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | $ 8,425 | | $ 8,425 |
Series Putters 3282, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 6,650 | | 6,650 |
Series ROC II R 14045, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 5,400 | | 5,400 |
Series 1996 J3, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 12,100 | | 12,100 |
Series 2004 H2 0.04% 3/7/14, LOC Bank of New York, New York, VRDN (c) | 32,000 | | 32,000 |
Series 2004 H6, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 15,105 | | 15,105 |
Series 2004 H8, 0.04% 3/7/14 (Liquidity Facility Bank of America NA), VRDN (c) | 11,635 | | 11,635 |
Series 2006 E3, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 4,600 | | 4,600 |
Series 2006 E4, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 44,600 | | 44,600 |
Series 2008 J10, 0.04% 3/7/14 (Liquidity Facility Bank of Tokyo-Mitsubishi UFJ Ltd.), VRDN (c) | 11,105 | | 11,105 |
Series 2008 J11, 0.14% 3/7/14 (Liquidity Facility KBC Bank NV), VRDN (c) | 13,600 | | 13,600 |
Series 2010 G4, 0.02% 3/7/14 (Liquidity Facility Barclays Bank PLC), VRDN (c) | 115,400 | | 115,400 |
Series 2012 G3, 0.03% 3/7/14 (Liquidity Facility Citibank NA), VRDN (c) | 80,450 | | 80,450 |
Series 2013 A5, 0.03% 3/7/14 (Liquidity Facility Sumitomo Mitsui Banking Corp.), VRDN (c) | 13,605 | | 13,605 |
New York City Health & Hosp. Corp. Rev. Series 2008 E, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 1,870 | | 1,870 |
New York City Hsg. Dev. Corp. Multi-family Mtg. Rev.: | | | |
(270 East Burnside Avenue Apts.) Series A, 0.02% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 6,400 | | 6,400 |
(89 Murray St. Proj.) Series A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 4,000 | | 4,000 |
(941 Hoe Avenue Apts. Proj.) Series A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 6,660 | | 6,660 |
(Beacon Mews Dev. Proj.) Series 2006 A, 0.07% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 8,000 | | 8,000 |
(Beekman Tower Proj.) Series 2008 A, 0.27% 3/7/14, LOC RBS Citizens NA, VRDN (c) | 74,200 | | 74,200 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
New York - continued |
New York City Hsg. Dev. Corp. Multi-family Mtg. Rev.: - continued | | | |
(Courtland Avenue Apts. Proj.) Series A, 0.03% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | $ 7,905 | | $ 7,905 |
(East 165th Street Proj.) Series A, 0.06% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 7,665 | | 7,665 |
(First Avenue Dev. Proj.) Series 2002 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 14,000 | | 14,000 |
(Intervale Gardens Apts.) Series A, 0.06% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 3,115 | | 3,115 |
(Louis Nine Boulevard Apts. Proj.) Series A, 0.03% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 7,300 | | 7,300 |
(Manhattan Court Dev. Proj.) Series A, 0.06% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 16,500 | | 16,500 |
(Morris Ave. Apts. Proj.) Series A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 14,700 | | 14,700 |
(Peter Cintron Apts. Proj.) Series C, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 4,140 | | 4,140 |
(State Renaissance Court Proj.) Series A, 0.04% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 28,700 | | 28,700 |
(Villa Avenue Apts. Proj.) Series 2006 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 5,990 | | 5,990 |
(West 48th Street Dev. Proj.) Series 2001 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 2,000 | | 2,000 |
New York City Hsg. Dev. Corp. Multi-family Rental Hsg. Rev.: | | | |
(155 West 21st Street Dev. Proj.) Series 2007 A, 0.03% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 8,400 | | 8,400 |
(255 West 9th Street Proj.) Series 2001 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 66,935 | | 66,935 |
(Brittany Dev. Proj.) Series A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 46,000 | | 46,000 |
(James Tower Dev. Proj.) Series 2002 A, 0.03% 3/7/14, LOC Fannie Mae, VRDN (c) | 3,610 | | 3,610 |
(Linden Plaza Proj.) Series 2008 A, 0.04% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 66,785 | | 66,785 |
(Morris Avenue Apts. Proj.) Series A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 26,000 | | 26,000 |
(One Columbus Place Dev. Proj.) Series A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 71,015 | | 71,015 |
(Related-Tribeca Tower Proj.) Series 1997 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 15,000 | | 15,000 |
(Rivereast Apts. Proj.) Series A, 0.04% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 4,150 | | 4,150 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
New York - continued |
New York City Hsg. Dev. Corp. Multi-family Rental Hsg. Rev.: - continued | | | |
(West End Towers Proj.) Series 2004 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | $ 40,700 | | $ 40,700 |
(Westport Dev. Proj.) Series 2004 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 61,000 | | 61,000 |
Series 2002 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 51,500 | | 51,500 |
Series 2009 A, 0.03% 3/7/14, LOC Freddie Mac, VRDN (c) | 7,500 | | 7,500 |
New York City Hsg. Dev. Corp. Residential Rev.: | | | |
(Montefiore Med. Ctr. Proj.) Series 1993 A, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 6,600 | | 6,600 |
(Queens College Residences Proj.) Series 2009 A, 0.4% 3/7/14, LOC RBS Citizens NA, VRDN (c) | 7,500 | | 7,500 |
New York City Indl. Dev. Agcy. Civic Facility Rev. (Casa Proj.) Series 2000, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 13,800 | | 13,800 |
New York City Indl. Dev. Agcy. Rev. (FC Hanson Office Associates LLC Proj.) Series 2004, 0.05% 3/7/14, LOC Lloyds Bank PLC, VRDN (c) | 26,400 | | 26,400 |
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev.: | | | |
Participating VRDN: | | | |
Series EGL 06 69 Class A, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 16,400 | | 16,400 |
Series EGL 06 74 Class A, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 7,045 | | 7,045 |
Series EGL 07 0157, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 19,800 | | 19,800 |
Series EGL 09 46A, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 19,130 | | 19,130 |
Series Putters 3384, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 3,750 | | 3,750 |
Series Putters 3496Z, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 7,025 | | 7,025 |
Series ROC II R 11904, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 3,000 | | 3,000 |
Series ROC II R 11931, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 3,750 | | 3,750 |
Series 2008 B1, 0.03% 3/7/14 (Liquidity Facility Sumitomo Mitsui Banking Corp.), VRDN (c) | 20,000 | | 20,000 |
Series 2009 BB2, 0.06% 3/3/14 (Liquidity Facility Landesbank Hessen-Thuringen), VRDN (c) | 35,900 | | 35,900 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
New York - continued |
New York City Transitional Fin. Auth. Rev.: | | | |
Participating VRDN: | | | |
Series EGL 07 0019, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | $ 8,865 | | $ 8,865 |
Series Putters 4084Z, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 3,850 | | 3,850 |
Series ROC II R 11994, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 4,500 | | 4,500 |
Series ROC II R 14049, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 9,140 | | 9,140 |
Series 1999 A2, 0.02% 3/7/14 (Liquidity Facility JPMorgan Chase Bank), VRDN (c) | 24,200 | | 24,200 |
Series 2001 A, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank), VRDN (c) | 46,000 | | 46,000 |
Series 2003 1E, 0.06% 3/7/14 (Liquidity Facility Bayerische Landesbank Girozentrale), VRDN (c) | 10,710 | | 10,710 |
Series 2003 A3, 0.02% 3/7/14 (Liquidity Facility Bank of Tokyo-Mitsubishi UFJ Ltd.), VRDN (c) | 3,300 | | 3,300 |
New York City Trust Cultural Resources Rev. (The New York Botanical Garden Proj.) Series 2009 A, 0.06% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 20,900 | | 20,900 |
New York Dorm. Auth. Personal Income Tax Rev. Participating VRDN: | | | |
Series Putters 3518, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 2,640 | | 2,640 |
Series ROC II R 14005, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 14,030 | | 14,030 |
New York Dorm. Auth. Revs.: | | | |
(City Univ. Proj.) Series 2008 C, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 135,300 | | 135,300 |
(Fordham Univ. Proj.) Series 2008 A1, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 20,100 | | 20,100 |
(Univ. of Rochester Proj.) Series 2003 C, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 39,650 | | 39,650 |
Participating VRDN: | | | |
ROC II R 11944, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 5,150 | | 5,150 |
Series EGL 06 47 Class A, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 15,500 | | 15,500 |
Series EGL 07 0002, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 18,000 | | 18,000 |
Series EGL 07 0066, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 31,025 | | 31,025 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
New York - continued |
New York Dorm. Auth. Revs.: - continued | | | |
Participating VRDN: | | | |
Series ROC II R 11535, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | $ 3,590 | | $ 3,590 |
Series ROC II R 11722, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 2,935 | | 2,935 |
Series ROC II R 11943, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 5,580 | | 5,580 |
New York Hsg. Fin. Agcy. Rev.: | | | |
(101 West End Hsg. Proj.): | | | |
Series 1998 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 30,800 | | 30,800 |
Series 1999 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 52,850 | | 52,850 |
(125 West 31st Street Proj.) Series 2005 A, 0.03% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 72,600 | | 72,600 |
(150 East 44th Street Hsg. Proj.): | | | |
Series 2000 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 28,500 | | 28,500 |
Series 2001 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 2,400 | | 2,400 |
(1500 Lexington Avenue Proj.) Series A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 4,400 | | 4,400 |
(240 East 39th Street Hsg. Proj.) Series 1997 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 111,800 | | 111,800 |
(250 West 50th Street Hsg. Proj.) Series 1997 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 13,495 | | 13,495 |
(29 Flatbush Ave. Hsg. Proj.) Series 2010 A, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 21,600 | | 21,600 |
(350 West 43rd Street Hsg. Proj.) Series 2004 A, 0.05% 3/3/14, LOC Landesbank Hessen-Thuringen, VRDN (c)(f) | 16,100 | | 16,100 |
(360 West 43rd Street Hsg. Proj.) Series A, 0.03% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 9,900 | | 9,900 |
(455 West 37th Street Hsg. Proj.) Series A, 0.05% 3/3/14, LOC Landesbank Hessen-Thuringen, VRDN (c)(f) | 4,700 | | 4,700 |
(55 West 25th Street Hsg. Proj.) Series 2005 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 105,400 | | 105,400 |
(600 West and 42nd St. Hsg. Proj.) Series 2007 A: | | | |
0.03% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 24,400 | | 24,400 |
0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 62,100 | | 62,100 |
(66 West 38th Street Hsg. Proj.) Series A: | | | |
0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 4,000 | | 4,000 |
0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 44,300 | | 44,300 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
New York - continued |
New York Hsg. Fin. Agcy. Rev.: - continued | | | |
(70 Battery Place Hsg. Proj.) Series 1999 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | $ 10,000 | | $ 10,000 |
(900 Eighth Avenue Hsg. Proj.) Series 2002 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 59,000 | | 59,000 |
(Avalon Chrystie Place I Hsg. Proj.) Series 2004 B, 0.04% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 51,500 | | 51,500 |
(Biltmore Tower Hsg. Proj.) Series A, 0.03% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 43,300 | | 43,300 |
(Chelsea Apts. Proj.) Series 2003 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 40,500 | | 40,500 |
(Chelsea Arms Hsg. Proj.) Series 1998 A, 0.03% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 7,000 | | 7,000 |
(Clinton Green South Hsg. Proj.) Series 2005 A, 0.03% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 56,800 | | 56,800 |
(Clinton Park Phase II Hsg. Proj.) Series 2011 A2, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 34,400 | | 34,400 |
(East 39th Street Hsg. Proj.) Series 1999 A, 0.03% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 18,700 | | 18,700 |
(Helena Hsg. Proj.) Series 2003 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 9,000 | | 9,000 |
(Kew Garden Hills Apts. Hsg. Proj.) Series 2003 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 11,170 | | 11,170 |
(Reverend Polite Ave. Apt. Hsg. Proj.) Series 2005 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 7,435 | | 7,435 |
(Sea Park West Hsg. Proj.) Series 2004 A, 0.04% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 11,900 | | 11,900 |
(South Cove Plaza Proj.) Series A, 0.04% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 28,000 | | 28,000 |
(Theatre Row Tower Hsg. Proj.): | | | |
Series 2001 A, 0.03% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 10,000 | | 10,000 |
Series 2002 A, 0.03% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 3,500 | | 3,500 |
(Tower 31 Hsg. Proj.) Series 2005 A, 0.05% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 51,400 | | 51,400 |
(West 20th Street Proj.) Series 2001 A: | | | |
0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 28,875 | | 28,875 |
0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 51,000 | | 51,000 |
(West 23rd Street Hsg. Proj.): | | | |
Series 2001 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 26,000 | | 26,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
New York - continued |
New York Hsg. Fin. Agcy. Rev.: - continued | | | |
Series 2002 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | $ 62,600 | | $ 62,600 |
(West 33rd Street Hsg. Proj.) Series 2003 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 26,700 | | 26,700 |
(West 38th Street Hsg. Proj.) Series 2002 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 16,000 | | 16,000 |
(Worth Street Hsg. Proj.) Series A, 0.03% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 47,600 | | 47,600 |
Series 2004 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 52,950 | | 52,950 |
Series 2009 B, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 35,900 | | 35,900 |
Series 2010 A, 0.03% 3/7/14, LOC Freddie Mac, VRDN (c) | 27,800 | | 27,800 |
Series 2011 A2, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 17,700 | | 17,700 |
Series 2013 A, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 19,100 | | 19,100 |
Series 2013 A3, 0.03% 3/7/14, LOC Bank of America NA, VRDN (c) | 18,675 | | 18,675 |
New York Hsg. Fin. Svc. Contract Rev.: | | | |
Series 2003 L, 0.03% 3/7/14, LOC Bank of America NA, VRDN (c) | 24,200 | | 24,200 |
Series 2003 M1, 0.03% 3/7/14, LOC Bank of America NA, VRDN (c) | 14,140 | | 14,140 |
New York Liberty Dev. Corp. Lib Participating VRDN Series Putters 4083, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 5,910 | | 5,910 |
New York Local Govt. Assistance Corp.: | | | |
Series 2008 B, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank), VRDN (c) | 27,155 | | 27,155 |
Series 2008 B3V, 0.02% 3/7/14 (Liquidity Facility JPMorgan Chase Bank), VRDN (c) | 33,550 | | 33,550 |
Series 2008 BAV, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank), VRDN (c) | 13,550 | | 13,550 |
New York Metropolitan Trans. Auth. Rev.: | | | |
Series 2005 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 34,000 | | 34,000 |
Series 2011 B, 0.03% 3/7/14, LOC Bank of America NA, VRDN (c) | 1,800 | | 1,800 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
New York - continued |
New York State Energy Research & Dev. Auth. Facilities Rev. (Consolidated Edison Co. of New York, Inc. Proj.): | | | |
Series 2004 C1, 0.04% 3/7/14, LOC Mizuho Corporate Bank Ltd., VRDN (c)(f) | $ 17,800 | | $ 17,800 |
Series 2004 C2, 0.03% 3/7/14, LOC Mizuho Corporate Bank Ltd., VRDN (c)(f) | 4,000 | | 4,000 |
Series 2005 A1, 0.03% 3/7/14, LOC Mizuho Corporate Bank Ltd., VRDN (c) | 4,150 | | 4,150 |
New York Thruway Auth. Second Gen. Hwy. & Bridge Trust Fund Participating VRDN Series ROC II R 11997, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 4,800 | | 4,800 |
New York Urban Dev. Corp. Rev. Series 2008 A1, 0.02% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 23,000 | | 23,000 |
Syracuse Indl. Dev. Agcy. Civic Facility Rev. (Syracuse Univ. Proj.) Series 2005 A, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 12,225 | | 12,225 |
Triborough Bridge & Tunnel Auth. Revs. Series 2005 A3, 0.03% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 2,800 | | 2,800 |
Yonkers Indl. Dev. Agcy. Civic Facility Rev. (Consumers Union of United States, Inc. Proj.) Series 2005, 0.06% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 16,750 | | 16,750 |
| | 3,418,360 |
New York And New Jersey - 0.5% |
Port Auth. of New York & New Jersey Participating VRDN Series EGL 06 107 Class A, 0.08% 3/7/14 (Liquidity Facility Citibank NA) (c)(f)(g) | 151,450 | | 151,450 |
North Carolina - 1.3% |
BB&T Muni. Trust Participating VRDN Series BBT 08 11, 0.03% 3/7/14 (Liquidity Facility Branch Banking & Trust Co.) (c)(g) | 21,240 | | 21,240 |
Charlotte Ctfs. of Prtn. Participating VRDN Series Putters 4724, 0.03% 3/7/14 (Liquidity Facility Bank of America NA) (c)(g) | 11,680 | | 11,680 |
Charlotte Int'l. Arpt. Rev. (Charlotte Douglas Int'l. Arpt. Proj.) Series 2008 D, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 25,825 | | 25,825 |
Charlotte Wtr. & Swr. Sys. Rev.: | | | |
Participating VRDN Series BC 09 43W, 0.05% 3/7/14 (Liquidity Facility Barclays Bank PLC) (c)(g) | 5,000 | | 5,000 |
Series 2002 C, 0.04% 3/7/14 (Liquidity Facility Bank of America NA), VRDN (c) | 1,445 | | 1,445 |
Greensboro Combined Enterprise Sys. Rev.: | | | |
Series 2005 B, 0.05% 3/7/14 (Liquidity Facility Bank of America NA), VRDN (c) | 3,845 | | 3,845 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
North Carolina - continued |
Greensboro Combined Enterprise Sys. Rev.: - continued | | | |
Series 2009 B, 0.05% 3/7/14 (Liquidity Facility Bank of America NA), VRDN (c) | $ 10,000 | | $ 10,000 |
Hertford County Indl. Facilities Poll. Cont. Fing. Auth. (Nucor Corp. Proj.) Series 2000 A, 0.4% 3/7/14, VRDN (c)(f) | 2,100 | | 2,100 |
North Carolina Cap. Facilities Fin. Agcy. Edl. Facilities Rev. (Greensboro College Proj.) 0.06% 3/7/14, LOC Bank of America NA, VRDN (c) | 2,000 | | 2,000 |
North Carolina Cap. Facilities Fin. Agcy. Rev.: | | | |
(Elon Univ. Proj.) Series 2006, 0.03% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 14,950 | | 14,950 |
Participating VRDN: | | | |
Series EGL 7050060, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 23,150 | | 23,150 |
Series GS 08 9TP, 0.03% 3/7/14 (Liquidity Facility Wells Fargo & Co.) (c)(g) | 23,140 | | 23,140 |
Series ROC II R 11850, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 12,600 | | 12,600 |
Series 2011, 0.03% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 5,000 | | 5,000 |
North Carolina Cap. Impt. Ltd. Participating VRDN Series WF 11 136C, 0.05% 3/7/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 8,030 | | 8,030 |
North Carolina Med. Care Commission Health Care Facilities Rev.: | | | |
(WakeMed Proj.): | | | |
Series 2009 B, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 26,200 | | 26,200 |
Series 2009 C, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 38,200 | | 38,200 |
Participating VRDN: | | | |
Series BC 10 31W, 0.05% 3/7/14 (Liquidity Facility Barclays Bank PLC) (c)(g) | 3,625 | | 3,625 |
Series ROC II R 11808, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 1,365 | | 1,365 |
North Carolina Med. Care Commission Hosp. Rev. (CaroMont Health Proj.) Series 2003 A, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 36,365 | | 36,365 |
Parson County Indl. Facilities and Poll. Cont. Fing. Auth. (CertainTeed Gypsum NC, Inc. Proj.) Series 2010, 0.07% 3/7/14, LOC Cr. Industriel et Commercial, VRDN (c) | 34,730 | | 34,730 |
Piedmont Triad Arpt. Auth. Series 2008 B, 0.07% 3/7/14, LOC Branch Banking & Trust Co., VRDN (c)(f) | 20,865 | | 20,865 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
North Carolina - continued |
Raleigh Combined Enterprise Sys. Rev. Participating VRDN: | | | |
Series EGL 07 0010, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | $ 4,950 | | $ 4,950 |
Series WF 11-19C, 0.05% 3/7/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 9,000 | | 9,000 |
Sampson County Indl. Facilities & Poll. Cont. Fing. Auth. Envir. Facilities Rev. (Sampson County Disp., Inc. Proj.): | | | |
0.05% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 15,855 | | 15,855 |
0.05% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 4,750 | | 4,750 |
Union County Indl. Facilities & Poll. Cont. Fing. Auth. Indl. Dev. Rev. (Greiner Vacuette NA Proj.) 0.19% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 700 | | 700 |
Univ. of North Carolina at Chapel Hill Rev. Participating VRDN Series EGL 05 3014 Class A, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 28,900 | | 28,900 |
| | 395,510 |
North Dakota - 0.1% |
Cass County Solid Waste Disp. Rev. (Tharaldson Ethanol Plant I, LLC Proj.) Series 2007, 0.33% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 33,300 | | 33,300 |
Hebron Indl. Dev. Rev. (Dacco, Inc. Proj.) 0.12% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 1,180 | | 1,180 |
| | 34,480 |
Ohio - 1.4% |
Akron Bath Copley Hosp. District Rev.: | | | |
(Akron Gen. Health Systems Proj.) Series 2008, 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 6,500 | | 6,500 |
Series B, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 17,000 | | 17,000 |
Columbus Gen. Oblig. Participating VRDN Series Clipper 08 2, 0.03% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(g) | 7,985 | | 7,985 |
Cuyahoga County Cultural Facilities Rev. (Maltz Museum of Jewish Heritage Proj.) 0.06% 3/7/14, LOC Bank of New York, New York, VRDN (c) | 6,300 | | 6,300 |
Franklin County Health Care Facilities Rev. (Mother Angeline McCrory Manor, Inc. Proj.) Series 2011, 0.07% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 14,510 | | 14,510 |
Hamilton County Hosp. Facilities Rev. (Children's Hosp. Med. Ctr. Proj.): | | | |
Series 1997 A, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (c) | 14,900 | | 14,900 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Ohio - continued |
Hamilton County Hosp. Facilities Rev. (Children's Hosp. Med. Ctr. Proj.): - continued | | | |
Series 2000, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | $ 37,300 | | $ 37,300 |
Series 2007 M, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 5,000 | | 5,000 |
Hamilton County Student Hsg. Rev. (Block 3 Proj.) Series 2004, 0.28% 3/7/14, LOC Bank of New York, New York, LOC Citizens Bank of Pennsylvania, VRDN (c) | 34,300 | | 34,300 |
Lancaster Port Auth. Gas Rev. 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada), VRDN (c) | 92,205 | | 92,205 |
Middletown Hosp. Facilities Rev. (Atrium Med. Ctr. Obligated Group Proj.) Series 2008 A, 0.07% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 8,105 | | 8,105 |
Ohio Air Quality Dev. Auth. Rev.: | | | |
(Cincinnati Gas & Elec. Co. Proj.): | | | |
Series A, 0.24% 3/7/14, VRDN (c) | 9,300 | | 9,300 |
Series B, 0.14% 3/7/14, VRDN (c) | 1,300 | | 1,300 |
(Dayton Pwr. & Lt. Co. Proj.): | | | |
Series 2008 A, 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | 16,700 | | 16,700 |
Series 2008 B, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | 21,100 | | 21,100 |
Ohio Higher Edl. Facility Commission Rev.: | | | |
(Case Western Reserve Univ. Proj.) Series 2008 A, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (c) | 5,100 | | 5,100 |
(Marietta College Proj.) 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 4,590 | | 4,590 |
Ohio Hosp. Facilities Rev. Participating VRDN: | | | |
Series Putters 3552, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 3,500 | | 3,500 |
Series Putters 3558, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 2,300 | | 2,300 |
Ohio Hsg. Fin. Agcy. Mtg. Rev.: | | | |
(Mtg.-Backed Securities Prog.): | | | |
Series 2005 B1, 0.04% 3/7/14 (Liquidity Facility Fed. Home Ln. Bank, Cincinnati), VRDN (c)(f) | 9,500 | | 9,500 |
Series 2005 B2, 0.05% 3/7/14 (Liquidity Facility Fed. Home Ln. Bank, Cincinnati), VRDN (c)(f) | 10,100 | | 10,100 |
Series B, 0.05% 3/7/14 (Liquidity Facility Fed. Home Ln. Bank, Cincinnati), VRDN (c)(f) | 14,900 | | 14,900 |
Series 2004 D, 0.05% 3/7/14 (Liquidity Facility Fed. Home Ln. Bank, Cincinnati), VRDN (c)(f) | 1,800 | | 1,800 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Ohio - continued |
Ohio Hsg. Fin. Agcy. Residential Mtg. Rev. Series 2008 B, 0.05% 3/7/14 (Liquidity Facility Fed. Home Ln. Bank, Cincinnati), VRDN (c)(f) | $ 9,905 | | $ 9,905 |
Ohio Wtr. Dev. Auth. (Waste Mgmt., Inc. Proj.) Series B, 0.05% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 2,900 | | 2,900 |
Ohio Wtr. Dev. Auth. Poll. Cont. Facilities Rev. Series 2006 A, 0.04% 3/7/14, LOC UBS AG, VRDN (c) | 52,600 | | 52,600 |
| | 409,700 |
Oklahoma - 0.0% |
Tulsa Arpts. Impt. Trust Spl. Facility Rev. 0.08% 3/7/14, LOC Landesbank Hessen-Thuringen, VRDN (c)(f) | 10,120 | | 10,120 |
Oregon - 0.7% |
Clackamas County Hosp. Facility Auth. (Legacy Health Sys. Proj.): | | | |
Series 2008 A, 0.03% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 5,000 | | 5,000 |
Series 2008 B, 0.03% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 23,850 | | 23,850 |
Series 2008 C, 0.03% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 7,700 | | 7,700 |
Eclipse Fdg. Trust Various States Participating VRDN Series Solar 06 90, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 10,330 | | 10,330 |
Oregon Econ. & Cmnty. Econ. Dev. Rev. (American Bridge Co. Proj.) Series 205, 0.15% 3/7/14, LOC PNC Bank NA, VRDN (c)(f) | 430 | | 430 |
Oregon Gen. Oblig. Participating VRDN: | | | |
Series ROC II R 11949, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 3,615 | | 3,615 |
Series WF11 57 C, 0.05% 3/7/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 10,800 | | 10,800 |
Oregon State Dept. of Administrative Svcs. Lottery Rev. Participating VRDN Series BC 11 5W, 0.05% 3/7/14 (Liquidity Facility Barclays Bank PLC) (c)(g) | 6,555 | | 6,555 |
Port of Portland Arpt. Rev.: | | | |
Series Eighteen A, 0.05% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 34,510 | | 34,510 |
Series Eighteen B, 0.05% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 55,190 | | 55,190 |
Portland Hsg. Auth. Rev.: | | | |
(New Columbia - Cecelia Proj.) Series 2004, 0.06% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 3,530 | | 3,530 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Oregon - continued |
Portland Hsg. Auth. Rev.: - continued | | | |
(New Columbia - Trouton Proj.) Series 2005, 0.06% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | $ 5,715 | | $ 5,715 |
Portland Multi-family Hsg. Rev. (The Village at Lovejoy Fountain Proj.) Series 2009, 0.08% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 15,000 | | 15,000 |
Salem Hosp. Facility Auth. Rev. (Salem Hosp. Proj.) Series 2008 B, 0.03% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 6,000 | | 6,000 |
Salem-Keizer School District #24J Participating VRDN Series WF 09 4Z, 0.05% 3/7/14 (Liquidity Facility Wells Fargo & Co.) (c)(g) | 18,025 | | 18,025 |
| | 206,250 |
Pennsylvania - 1.1% |
Allegheny County Hosp. Dev. Auth. Rev. (Children's Institute Pittsburgh Proj.): | | | |
Series 2005 A, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 9,200 | | 9,200 |
Series 2005 B, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 7,345 | | 7,345 |
BB&T Muni. Trust Participating VRDN Series BBT 08 1, 0.04% 3/7/14 (Liquidity Facility Branch Banking & Trust Co.) (c)(g) | 1,500 | | 1,500 |
Bucks County Indl. Dev. Auth. Rev. (Lutheran Cmnty. at Telford Healthcare Ctr., Inc. Proj.) Series 2007 B, 0.24% 3/7/14, LOC Citizens Bank of Pennsylvania, VRDN (c) | 2,250 | | 2,250 |
Butler County Gen. Auth. Rev. (Erie School District Proj.) Series 2011, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 5,800 | | 5,800 |
Chester County Health & Ed. Auth. Rev. (Jenner's Pond Proj.) Series 2006, 0.04% 3/7/14, LOC Citizens Bank of Pennsylvania, VRDN (c) | 11,370 | | 11,370 |
Chester County Indl. Dev. Auth. Student Hsg. Rev. (West Chester Univ. Proj.) Series 2008 A1, 0.19% 3/7/14, LOC Citizens Bank of Pennsylvania, VRDN (c) | 24,815 | | 24,815 |
Chester County Intermediate Unit Rev. Series 2003, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (c) | 2,155 | | 2,155 |
Econ. Dev. Fin. Auth. Unemployment Compensation Rev. Series 2012 C, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (c) | 34,000 | | 34,000 |
Erie County Hosp. Auth. Rev. (Saint Vincent Health Ctr. Proj.) Series 2010 B, 0.05% 3/7/14, LOC Manufacturers & Traders Trust Co., VRDN (c) | 11,340 | | 11,340 |
Geisinger Auth. Health Sys. Rev. Participating VRDN: | | | |
Series Putters 3462, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 11,245 | | 11,245 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Pennsylvania - continued |
Geisinger Auth. Health Sys. Rev. Participating VRDN: - continued | | | |
Series Putters 3490Z, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | $ 4,505 | | $ 4,505 |
Lackawanna Hotel Room Rental Tax Rev. Series 2013, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 9,470 | | 9,470 |
Lawrence County Gen. Oblig. Indl. Dev. Auth. 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 7,740 | | 7,740 |
Luzerne County Convention Ctr. Series 2012, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 6,200 | | 6,200 |
Pennsylvania Econ. Dev. Fing. Auth. Indl. Dev. Rev. Series 1996 D5, 0.15% 3/7/14, LOC PNC Bank NA, VRDN (c)(f) | 600 | | 600 |
Pennsylvania Econ. Dev. Fing. Auth. Manufacturing Facility Rev. (Dodge Realty Partners Proj.) Series 2007, 0.07% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 2,300 | | 2,300 |
Pennsylvania Gen. Oblig. Participating VRDN: | | | |
Series Putters 3350, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 4,505 | | 4,505 |
Series Putters 3352Z, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 3,590 | | 3,590 |
Pennsylvania State Pub. School Participating VRDN Series Solar 06 161, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 26,400 | | 26,400 |
Philadelphia Arpt. Rev.: | | | |
Series 2005 C1, 0.04% 3/7/14, LOC TD Banknorth, NA, VRDN (c)(f) | 16,005 | | 16,005 |
Series 2005 C2, 0.04% 3/7/14, LOC Royal Bank of Canada, VRDN (c)(f) | 12,255 | | 12,255 |
Philadelphia Auth. for Indl. Dev. Rev.: | | | |
(Spl. People in Northeast, Inc. Proj.) Series 2006, 0.36% 3/7/14, LOC Citizens Bank of Pennsylvania, VRDN (c) | 1,100 | | 1,100 |
(William Penn Charter School Proj.) Series 2008, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 7,900 | | 7,900 |
Philadelphia Auth. Indl. Dev. Lease Rev. Series 2007 B2, 0.04% 3/7/14, LOC TD Banknorth, NA, VRDN (c) | 3,000 | | 3,000 |
Philadelphia Gas Works Rev. (1998 Gen. Ordinance Proj.) Eighth Series D, 0.03% 3/7/14, LOC Royal Bank of Canada, VRDN (c) | 7,600 | | 7,600 |
Pittsburgh Wtr. & Swr. Auth. Wtr. & Swr. Sys. Rev. Series 2008 B1, 0.03% 3/7/14, LOC Bank of America NA, VRDN (c) | 7,400 | | 7,400 |
RBC Muni. Products, Inc. Trust Participating VRDN: | | | |
Series RBC E 22, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada) (c)(g) | 39,445 | | 39,445 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Pennsylvania - continued |
RBC Muni. Products, Inc. Trust Participating VRDN: - continued | | | |
Series RBC E 28, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada) (c)(g) | $ 1,000 | | $ 1,000 |
Series RBC E 45, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada) (a)(c)(g) | 18,800 | | 18,800 |
Washington County Hosp. Auth. Rev.: | | | |
(Monongahela Valley Hosp. Proj.): | | | |
Series 2011 A, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 2,540 | | 2,540 |
Series 2011 B, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 10,175 | | 10,175 |
(Washington Hosp. Proj.) Series 2007 B, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (c) | 17,000 | | 17,000 |
Westmoreland County Indl. Dev. Auth. Rev. (Excela Health Proj.) Series 2010 B, 0.04% 3/7/14, LOC PNC Bank NA, VRDN (c) | 2,775 | | 2,775 |
| | 333,325 |
Rhode Island - 0.3% |
Rhode Island Health and Edl. Bldg. Corp. Higher Ed. Facility Rev.: | | | |
(Bryant Univ. Proj.) Series 2008, 0.04% 3/7/14, LOC TD Banknorth, NA, VRDN (c) | 22,540 | | 22,540 |
(Rhode Island School of Design Proj.): | | | |
Series 2008 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 39,775 | | 39,775 |
Series 2008 B, 0.03% 3/7/14, LOC TD Banknorth, NA, VRDN (c) | 7,510 | | 7,510 |
(Roger Williams Univ. Proj.) Series 2008 B, 0.03% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 7,075 | | 7,075 |
Rhode Island Indl. Facilities Corp. Indl. Dev. Rev. (NFA Corp. Proj.) Series 1994, 0.26% 3/7/14, LOC Bank of America NA, VRDN (c)(f)(h) | 5,000 | | 5,000 |
| | 81,900 |
South Carolina - 0.5% |
Anderson County School District #5 Gen. Oblig. Participating VRDN Series BA 08 1181, 0.05% 3/7/14 (Liquidity Facility Bank of America NA) (c)(g) | 14,650 | | 14,650 |
Greenville Hosp. Sys. Facilities Rev. Series 2008 B, 0.03% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 20,000 | | 20,000 |
Oconee County Poll. Cont. Rev. (Duke Energy Corp. Proj.): | | | |
Series 1999 A, 0.08% 3/3/14, VRDN (c) | 1,000 | | 1,000 |
Series 1999 B, 0.09% 3/3/14, VRDN (c)(f) | 2,300 | | 2,300 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
South Carolina - continued |
South Carolina Jobs-Econ. Dev. Auth. Econ. Dev. Rev.: | | | |
(Bon Secours Health Sys. Proj.): | | | |
Series 2008 D, 0.04% 3/7/14, LOC Bank of New York, New York, VRDN (c) | $ 10,405 | | $ 10,405 |
0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 50,000 | | 50,000 |
(Chambers Richland Co. Landfill Proj.) Series 1997, 0.05% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 10,000 | | 10,000 |
(Waste Mgmt. of South Carolina, Inc. Proj.) Series 2003 A, 0.05% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 15,000 | | 15,000 |
South Carolina Jobs-Econ. Dev. Auth. Indl. Rev. (South Carolina Generating Co., Inc. Proj.) Series 2008, 0.07% 3/7/14, LOC Branch Banking & Trust Co., VRDN (c)(f) | 18,600 | | 18,600 |
| | 141,955 |
South Dakota - 0.0% |
South Dakota Hsg. Dev. Auth. (Harmony Heights Proj.) Series 2001, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 6,500 | | 6,500 |
Tennessee - 1.5% |
Clarksville Pub. Bldg. Auth. Rev. (Tennessee Muni. Bond Fund Proj.): | | | |
Series 2001, 0.07% 3/3/14, LOC Bank of America NA, VRDN (c) | 19,300 | | 19,300 |
Series 2003, 0.07% 3/3/14, LOC Bank of America NA, VRDN (c) | 12,600 | | 12,600 |
Series 2004, 0.07% 3/3/14, LOC Bank of America NA, VRDN (c) | 13,610 | | 13,610 |
Series 2005, 0.07% 3/3/14, LOC Bank of America NA, VRDN (c) | 39,305 | | 39,305 |
Series 2008, 0.07% 3/3/14, LOC Bank of America NA, VRDN (c) | 56,105 | | 56,105 |
Henderson TN IDB Rev. (Arvin Sango, Inc. Proj.) Series 2012, 0.06% 3/7/14, LOC Bank of Tokyo-Mitsubishi UFJ Ltd., VRDN (c)(f) | 5,000 | | 5,000 |
Johnson City Health & Edl. Hosp. Rev. (Mountain States Health Alliance Proj.) Series 2011 B, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (c) | 3,000 | | 3,000 |
Knox County Health Edl. & Hsg. Facilities Board Hosp. Facilities Rev.: | | | |
Series 2011 A, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 12,895 | | 12,895 |
Series 2011 B, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 32,600 | | 32,600 |
Loudon County Indl. Dev. Board Exempt Facilities Rev. (Kimberly-Clark Corp. Proj.) 0.07% 3/7/14, VRDN (c)(f) | 11,600 | | 11,600 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Tennessee - continued |
Loudon Indl. Dev. Board Solid Waste Disp. Rev. (Tate & Lyle Ingredients Americas, Inc. Proj.) Series 2006, 0.06% 3/7/14, LOC Rabobank Nederland, VRDN (c)(f) | $ 29,700 | | $ 29,700 |
Memphis Health, Edl. & Hsg. Facilities Board: | | | |
(Ashland Lakes Apts. Proj.) Series A, 0.05% 3/7/14, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 10,000 | | 10,000 |
(Watergrove Apts. Proj.) Series 2004, 0.03% 3/7/14, LOC Freddie Mac, VRDN (c) | 18,170 | | 18,170 |
Metropolitan Govt. Nashville & Davidson County Health & Edl. Facilities Board (Whispering Oaks Apts. Proj.) 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 15,000 | | 15,000 |
Montgomery County Pub. Bldg. Auth. Pooled Fing. Rev. (Tennessee County Ln. Pool Prog.): | | | |
Series 1999, 0.07% 3/7/14, LOC Bank of America NA, VRDN (c) | 20,300 | | 20,300 |
Series 2002, 0.07% 3/3/14, LOC Bank of America NA, VRDN (c) | 5,405 | | 5,405 |
Series 2004, 0.07% 3/3/14, LOC Bank of America NA, VRDN (c) | 17,950 | | 17,950 |
Series 2006, 0.07% 3/3/14, LOC Bank of America NA, VRDN (c) | 51,660 | | 51,660 |
Nashville and Davidson County Metropolitan Govt. Gen. Oblig. Participating VRDN Series Putters 2631, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 67,475 | | 67,475 |
| | 441,675 |
Texas - 7.3% |
Austin Arpt. Sys. Rev.: | | | |
Series 2005 1, 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | 49,425 | | 49,425 |
Series 2005 2, 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | 53,650 | | 53,650 |
Series 2005 4, 0.03% 3/7/14, LOC Royal Bank of Canada New York Branch, VRDN (c)(f) | 33,700 | | 33,700 |
Austin Wtr. & Wastewtr. Sys. Rev. Participating VRDN Series ROC II R 11992, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 3,845 | | 3,845 |
Board of Regents of The Texas A&M Univ. Sys. Permanent Univ. Fund Participating VRDN Series WF 10 53C, 0.18% 3/7/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 5,550 | | 5,550 |
Brazos River Auth. Poll. Cont. Rev. (Texas Utils. Elec. Co. Proj.) Series 2001 D2, 0.05% 3/3/14, LOC Citibank NA, VRDN (c)(f) | 20,410 | | 20,410 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Brazos River Hbr. Navigation District of Brazoria County Envir. Facilities Rev. (Merey Sweeny LP Proj.): | | | |
Series 2000 A, 0.05% 3/3/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | $ 3,800 | | $ 3,800 |
Series 2002 A, 0.05% 3/3/14, LOC Bank of America NA, VRDN (c)(f) | 2,100 | | 2,100 |
Brownsville Indl. Dev. Corp. Rev. (Rich-Seapak Corp. Proj.) Series 1997, 0.05% 3/7/14, LOC HSBC Bank U.S.A., NA, VRDN (c)(f) | 6,250 | | 6,250 |
Brownsville Util. Sys. Rev. Participating VRDN Series Solar 06 68, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 19,965 | | 19,965 |
Calhoun County Navigation District Envir. Facilities Rev. (Formosa Plastics Corp. Proj.) 0.06% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 13,775 | | 13,775 |
Calhoun County Navigation District Poll. Cont. Rev. (Formosa Plastics Corp., Texas Proj.) Series 2002, 0.06% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 10,000 | | 10,000 |
Calhoun County Navigation District Port Rev. (Formosa Plastics Corp. Proj.) Series 2000, 0.06% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 5,500 | | 5,500 |
Calhoun County Solid Waste Disp. Rev. (Formosa Plastics Corp. Proj.): | | | |
Series 2000, 0.06% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | 12,500 | | 12,500 |
Series 2001, 0.06% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | 12,500 | | 12,500 |
Calhoun Port Auth. Envir. Facilities Rev. (Formosa Plastics Corp. Texas Proj.): | | | |
Series 2007 A, 0.06% 3/7/14, LOC PNC Bank NA, VRDN (c)(f) | 47,300 | | 47,300 |
Series 2008, 0.06% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 40,000 | | 40,000 |
Cap. Area Hsg. Fin. Corp. Multi-family Hsg. Rev. (Marble Falls Vistas Apts. Proj.) 0.07% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 5,495 | | 5,495 |
Dallas Area Rapid Transit Sales Tax Rev. Participating VRDN Series ROC II R 12317, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 4,000 | | 4,000 |
Dallas Hsg. Fin. Corp. Multi-family Hsg. Rev. (The Masters Apts. Proj.) 0.07% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 7,080 | | 7,080 |
Dallas Wtrwks. & Swr. Sys. Rev. Participating VRDN Series ROC II R 12279, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 23,410 | | 23,410 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
El Paso County Hosp. District Combination Tax and Rev. Participating VRDN Series Solar 06 32, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | $ 19,865 | | $ 19,865 |
Frisco Independent School District Participating VRDN Series ROC II R 11960, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 6,310 | | 6,310 |
Gilmer Indl. Dev. Corp. (Duoline Technologies LP Proj.) Series 2008 A, 0.09% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 8,695 | | 8,695 |
Gulf Coast Indl. Dev. Auth. 0.09% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 5,280 | | 5,280 |
Gulf Coast Waste Disp. Auth. Solid Waste Disp. Rev. (Waste Mgmt., Inc. Proj.) Series A, 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | 14,100 | | 14,100 |
Harris County Cultural Ed. Facilities Fin. Corp. Med. Facilities Rev. Series 2012 C, 0.03% 3/7/14, LOC Barclays Bank PLC, VRDN (c) | 17,900 | | 17,900 |
Harris County Cultural Ed. Facilities Fin. Corp. Rev.: | | | |
(Mermann Health Sys. Proj.) Series 2013 C, 0.03% 3/7/14, VRDN (c) | 24,450 | | 24,450 |
(YMCA of the Greater Houston Area Proj.) Series 2013 B, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 28,705 | | 28,705 |
Harris County Health Facilities Dev. Corp. Rev. (Saint Dominic Village Proj.) Series 2000, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 2,605 | | 2,605 |
Harris County Hsg. Fin. Corp. Multi-family Hsg. Rev.: | | | |
(Lafayette Village Apts. Proj.) Series 2006, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 6,515 | | 6,515 |
(Louetta Village Apts. Proj.) Series 2005, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 6,480 | | 6,480 |
(Primrose Aldine Bender Apt. Proj.) Series 2004, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 7,510 | | 7,510 |
(Primrose at Bammel Apts. Proj.) Series 2005, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 8,080 | | 8,080 |
(Quail Chase Apts. Proj.) Series 1999, 0.06% 3/7/14, LOC Gen. Elec. Cap. Corp., VRDN (c)(f) | 11,110 | | 11,110 |
(Wellington Park Apts. Proj.) Series 2004, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 11,950 | | 11,950 |
Harris County Indl. Dev. Corp. (HFOTCO LLC Proj.): | | | |
Series 2010, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 75,000 | | 75,000 |
Series 2011, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 50,000 | | 50,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Harris County Indl. Dev. Corp. (HFOTCO LLC Proj.): - continued | | | |
Series 2012, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | $ 60,300 | | $ 60,300 |
Houston Arpt. Sys. Rev. Series 2010, 0.04% 3/7/14, LOC Barclays Bank PLC, VRDN (c) | 44,055 | | 44,055 |
Houston Gen. Oblig. Participating VRDN Series Putters 4338, 0.07% 3/7/14 (Liquidity Facility JPMorgan Chase & Co.) (c)(g) | 6,400 | | 6,400 |
Houston Higher Ed. Fin. Corp. Higher Ed. Rev. Participating VRDN: | | | |
Series ROC II R 11860, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 6,000 | | 6,000 |
Series WF 11 44C, 0.07% 3/7/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 18,155 | | 18,155 |
Houston Hsg. Fin. Corp. Multi-family Hsg. Rev.: | | | |
(Fairlake Cove Apts. Proj.) Series 2005, 0.06% 3/7/14, LOC Citibank NA, VRDN (c)(f) | 9,055 | | 9,055 |
(Little Nell Apts. Proj.) Series 2003, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 12,300 | | 12,300 |
(Mayfair Park Apts. Proj.) Series 2004, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 5,600 | | 5,600 |
Houston Util. Sys. Rev.: | | | |
Participating VRDN: | | | |
Series Putters 4719, 0.03% 3/7/14 (Liquidity Facility Bank of America NA) (c)(g) | 14,400 | | 14,400 |
Series ROC II R 11411, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 9,290 | | 9,290 |
Series ROC II R 12267, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 16,795 | | 16,795 |
Series 2004 B3, 0.04% 3/7/14, LOC Sumitomo Mitsui Banking Corp., VRDN (c) | 5,600 | | 5,600 |
Series 2004 B6, 0.03% 3/7/14, LOC Sumitomo Mitsui Banking Corp., VRDN (c) | 1,500 | | 1,500 |
Humble Independent School District Participating VRDN Series Solar 06 20, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 28,160 | | 28,160 |
Jewett Econ. Dev. Corp. Indl. Dev. Rev. (Nucor Corp. Proj.) 0.34% 3/7/14, VRDN (c)(f) | 12,600 | | 12,600 |
Judson Independent School District Participating VRDN Series MS 06 1859, 0.03% 3/7/14 (Liquidity Facility Wells Fargo & Co.) (c)(g) | 7,890 | | 7,890 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Klein Independent School District Participating VRDN Series ROCS II R 11942, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | $ 5,145 | | $ 5,145 |
Leander Independent School District Participating VRDN Series BC 10 28W, 0.05% 3/7/14 (Liquidity Facility Barclays Bank PLC) (c)(g) | 2,050 | | 2,050 |
Lovejoy Independent School District Participating VRDN Series DB 514, 0.06% 3/7/14 (Liquidity Facility Deutsche Bank AG) (c)(g) | 10,520 | | 10,520 |
Lower Neches Valley Auth. Indl. Dev. Corp. Exempt Facilities Rev. (Onyx Envir. Svcs. Proj.) Series 2003, 0.1% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 11,950 | | 11,950 |
Montgomery County Hsg. Fin. Corp. Multi-family Hsg. Rev. (Conroe Lodge at Silverdale Apt. Homes Proj.) 0.06% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 7,470 | | 7,470 |
North East Texas Independent School District Participating VRDN Series EGL 07 0123, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 17,870 | | 17,870 |
North Texas Muni. Wtr. District Wtr. Sys. Rev. Participating VRDN Series BA 08 1174, 0.05% 3/7/14 (Liquidity Facility Bank of America NA) (c)(g) | 9,105 | | 9,105 |
North Texas Tollway Auth. Rev. Series 2011 A, 0.04% 3/7/14, LOC Morgan Stanley Bank, West Valley City Utah, VRDN (c) | 69,260 | | 69,260 |
Northside Independent School District Participating VRDN Series ROC II R 11965, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 3,505 | | 3,505 |
Plano Gen. Oblig. Participating VRDN Series MS 06 1862, 0.03% 3/7/14 (Liquidity Facility Wells Fargo & Co.) (c)(g) | 11,665 | | 11,665 |
Port Arthur Navigation District Envir. Facilities Rev. (Motiva Enterprises LLC Proj.): | | | |
Series 2001 A, 0.28% 3/3/14, VRDN (c) | 10,500 | | 10,500 |
Series 2004, 0.45% 3/7/14, VRDN (c)(f) | 85,350 | | 85,350 |
Series 2009 A, 0.28% 3/3/14, VRDN (c) | 1,300 | | 1,300 |
Series 2009 C, 0.28% 3/3/14, VRDN (c) | 700 | | 700 |
Series 2010 B, 0.28% 3/3/14, VRDN (c) | 2,385 | | 2,385 |
Port Arthur Navigation District Indl. Dev. Corp. Exempt Facilities Rev.: | | | |
(Air Products Proj.): | | | |
Series 2000, 0.04% 3/7/14, VRDN (c)(f) | 24,000 | | 24,000 |
Series 2001, 0.04% 3/7/14, VRDN (c)(f) | 25,000 | | 25,000 |
Series 2002, 0.04% 3/7/14, VRDN (c)(f) | 14,500 | | 14,500 |
Series 2010 A, 0.05% 3/7/14 (Total SA Guaranteed), VRDN (c) | 1,000 | | 1,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Port Arthur Navigation District Indl. Dev. Corp. Exempt Facilities Rev.: - continued | | | |
(Air Products Proj.): - continued | | | |
Series 2012, 0.05% 3/7/14 (Total SA Guaranteed), VRDN (c) | $ 10,000 | | $ 10,000 |
(Total Petrochemicals and Refining U.S.A., Inc. Proj.) Series 2012 A, 0.05% 3/7/14 (Total SA Guaranteed), VRDN (c) | 34,200 | | 34,200 |
RBC Muni. Products, Inc. Trust Participating VRDN: | | | |
Series RBC E 18, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada) (c)(g) | 57,200 | | 57,200 |
Series RBC E 27, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada) (c)(g) | 1,795 | | 1,795 |
Riesel Indl. Dev. Corp. (Sandy Creek Energy Assoc. Proj.): | | | |
0.04% 3/7/14, LOC BNP Paribas SA, VRDN (c)(f) | 50,000 | | 50,000 |
0.04% 3/7/14, LOC Union Bank NA, VRDN (c)(f) | 50,000 | | 50,000 |
San Antonio Elec. & Gas Sys. Rev. Participating VRDN: | | | |
Series Putters 3344, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 1,700 | | 1,700 |
Series Putters 3560, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 9,015 | | 9,015 |
Series Putters 3688Z, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 4,570 | | 4,570 |
Series Putters 4356, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 17,750 | | 17,750 |
San Antonio Indl. Dev. Auth. Indl. Dev. Rev.: | | | |
(LGC Bldg. & KLN Steel Proj.) Series 1998, 0.26% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 5,500 | | 5,500 |
(Tindall Corp. Proj.) Series 2008 A, 0.09% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 2,650 | | 2,650 |
San Antonio Pub. Facilities Corp. and Rfdg. Lease Participating VRDN Series CTE 12 3AX, 0.03% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(g) | 7,465 | | 7,465 |
San Antonio Wtr. Sys. Rev. Participating VRDN Series EGL 05 3005 Class A, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 27,500 | | 27,500 |
Tarrant County Cultural Ed. Facilities Fin. Corp. Hosp. Rev.: | | | |
(Baylor Health Care Sys. Proj.): | | | |
Series 2011 D, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 12,870 | | 12,870 |
Series 2011 E, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 10,000 | | 10,000 |
(Methodist Hospitals of Dallas Proj.) Series 2008, 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 88,450 | | 88,450 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Tarrant County Cultural Ed. Facilities Fin. Corp. Hosp. Rev.: - continued | | | |
(Scott and White Memorial Hosp. and Scott, Sherwood and Brindley Foundation Proj.) Series 2008 1, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | $ 22,430 | | $ 22,430 |
Participating VRDN Series Putters 4363, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 11,625 | | 11,625 |
Tarrant County Cultural Ed. Facilities Fin. Corp. Rev. (Christus Health Proj.) Series 2008 C1, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (c) | 17,200 | | 17,200 |
Tarrant County Health Facilities Dev. Corp. Hosp. Rev. Participating VRDN Series Putters 3894, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 6,750 | | 6,750 |
Tarrant County Health Facilities Dev. Corp. Rev. (Carter Blood Care Proj.) Series 1998, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 2,650 | | 2,650 |
Texas City Indl. Dev. Corp.: | | | |
(Del Papa Realty Hldgs. LP Proj.) Series 2011, 0.06% 3/7/14, LOC Bank of America NA, VRDN (c) | 13,000 | | 13,000 |
(NRG Energy, Inc. Proj.) Series 2012, 0.04% 3/7/14, LOC Bank of America NA, VRDN (c) | 6,400 | | 6,400 |
Texas Dept. of Hsg. & Cmnty. Affairs Multi-family Hsg. Rev.: | | | |
(Bristol Apts. Proj.) Series 2004, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 11,700 | | 11,700 |
(Chisholm Trail Proj.) Series 2004, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 5,200 | | 5,200 |
(Pinnacle Apts. Proj.) Series 2004, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 13,565 | | 13,565 |
(Residences at Sunset Pointe Proj.) Series 2006, 0.09% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 15,000 | | 15,000 |
(St. Augustine Estate Proj.) Series 2005, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 6,080 | | 6,080 |
(Windshire Apts. Proj.) Series 2007, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 13,500 | | 13,500 |
Series 2004, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 11,400 | | 11,400 |
Series 2006, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 13,890 | | 13,890 |
Texas Gen. Oblig.: | | | |
(Veterans Land Proj.) Series A, 0.04% 3/7/14, VRDN (c)(f) | 16,030 | | 16,030 |
(Veterans' Hsg. Assistance Prog.): | | | |
Fund II Series 2005 B, 0.04% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston), VRDN (c)(f) | 21,800 | | 21,800 |
Fund II Series 2007 A, 0.04% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston), VRDN (c)(f) | 36,730 | | 36,730 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Texas Gen. Oblig.: - continued | | | |
Participating VRDN: | | | |
Series DB 448, 0.06% 3/7/14 (Liquidity Facility Deutsche Bank AG) (c)(f)(g) | $ 5,625 | | $ 5,625 |
Series EGL 06 0125, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 27,940 | | 27,940 |
Series EGL 07 90, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 37,000 | | 37,000 |
Series Putters 3478, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 4,995 | | 4,995 |
Series Putters 3479, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 11,910 | | 11,910 |
Series Putters 3480, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 7,495 | | 7,495 |
Series 2012 A, 0.03% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston), VRDN (c) | 3,700 | | 3,700 |
Texas State Univ. Sys. Fing. Rev. Participating VRDN Series WF 11 79C, 0.05% 3/7/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 6,350 | | 6,350 |
Travis County Hsg. Fin. Corp. (Rosemont at Old Manor Apts.) Series 2004, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 9,385 | | 9,385 |
Univ. of Texas Board of Regents Sys. Rev.: | | | |
Participating VRDN: | | | |
Series Putters 1646, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 13,055 | | 13,055 |
Series WF 11 13C, 0.05% 3/7/14 (Liquidity Facility Wells Fargo & Co.) (c)(g) | 16,900 | | 16,900 |
Series 2008 B, 0.02% 3/7/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), VRDN (c) | 115,100 | | 115,100 |
| | 2,151,255 |
Utah - 0.4% |
Carbon County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1994, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 7,565 | | 7,565 |
Emery County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1994, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 12,700 | | 12,700 |
Salt Lake City Sales Tax Rev. 0.04% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston), VRDN (c) | 2,905 | | 2,905 |
Utah Hsg. Corp. Multi-family Hsg. Rev. (Springwood Apts. Proj.) Series 2005 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 8,485 | | 8,485 |
Utah Hsg. Corp. Single Family Mtg. Rev.: | | | |
Series 2002 F1, 0.05% 3/7/14 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 5,950 | | 5,950 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Utah - continued |
Utah Hsg. Corp. Single Family Mtg. Rev.: - continued | | | |
Series 2002 G Class I, 0.05% 3/7/14 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | $ 8,095 | | $ 8,095 |
Series 2003 A, 0.05% 3/7/14 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 5,385 | | 5,385 |
Series 2003 B, 0.05% 3/7/14 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 5,905 | | 5,905 |
Series 2003 C, 0.05% 3/7/14 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 5,725 | | 5,725 |
Series 2003 E, 0.05% 3/7/14 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 8,005 | | 8,005 |
Series 2003 F, 0.05% 3/7/14 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 4,535 | | 4,535 |
Utah State Board of Regents Rev. Participating VRDN Series Solar 06 140, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 30,450 | | 30,450 |
| | 105,705 |
Virginia - 0.5% |
Alexandria Redev. & Hsg. Auth. Multi-family Hsg. Rev. (Fairfield Village Square Proj.) Series A, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 21,720 | | 21,720 |
Arlington County Indl. Dev. Auth. Multi-family Hsg. Rev. Series A, 0.05% 3/7/14, LOC Freddie Mac, VRDN (c)(f) | 4,000 | | 4,000 |
Fairfax County Indl. Dev. Auth.: | | | |
(Inova Health Sys. Proj.) Series 2005 A2, 0.02% 3/7/14, VRDN (c) | 9,800 | | 9,800 |
Participating VRDN Series MS 3309, 0.03% 3/7/14 (Liquidity Facility Cr. Suisse AG) (c)(g) | 2,300 | | 2,300 |
Hampton Indl. Dev. Auth. Exempt Facilities Rev. (U.S.A. Waste of Virginia Landfills, Inc. Proj.) Series 2000, 0.09% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 10,000 | | 10,000 |
Hampton Redev. & Hsg. Auth. Multi-family Hsg. Rev. (Avalon Pointe Proj.) Series 1996, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 6,387 | | 6,387 |
Loudoun County Indl. Dev. Auth. (Howard Hughes Med. Institute Proj.): | | | |
Series 2003 A, 0.03% 3/7/14, VRDN (c) | 28,615 | | 28,615 |
Series 2003 D, 0.03% 3/7/14, VRDN (c) | 9,000 | | 9,000 |
Newport News Indl. Dev. Auth. (CNU Warwick LLC Student Apts. Proj.) 0.1% 3/7/14, LOC Bank of America NA, VRDN (c) | 3,530 | | 3,530 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Virginia - continued |
Prince William County Indl. Dev. Auth. Sewage Disp. Facilities Rev. (Dale Svc. Corp. Proj.): | | | |
Series 2000, 0.09% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | $ 3,770 | | $ 3,770 |
Series 2001, 0.09% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 3,400 | | 3,400 |
Series 2006, 0.09% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 4,750 | | 4,750 |
Sussex County Indl. Dev. Auth. Solid Waste Disp. Rev. (Atlantic Waste Disp. Proj.) 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c)(f) | 10,000 | | 10,000 |
Virginia Commonwealth Trans. Board Rev. Participating VRDN Series RBC O 67, 0.03% 3/7/14 (Liquidity Facility Royal Bank of Canada) (c)(g) | 6,770 | | 6,770 |
Virginia Pub. School Auth. Participating VRDN Series CTE 05 38, 0.03% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(g) | 17,955 | | 17,955 |
Virginia Resources Auth. Clean Wtr. Rev. Participating VRDN Series ROC II R 11923, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 3,745 | | 3,745 |
Virginia Small Bus. Fing. Auth. Health Care Facilities Rev. Participating VRDN Series Putters 3791Z, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 1,015 | | 1,015 |
| | 146,757 |
Washington - 2.9% |
Central Puget Sound Reg'l. Trans. Auth. Sales & Use Tax Rev. Participating VRDN Series Putters 2866, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 8,280 | | 8,280 |
Chelan County Pub. Util. District #1 Rev. Participating VRDN Series BC 11 20B, 0.06% 3/7/14 (Liquidity Facility Barclays Bank PLC) (c)(f)(g) | 8,950 | | 8,950 |
King County Hsg. Auth. Rev. (Overlake TOD Hsg. Proj.) 0.06% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 16,650 | | 16,650 |
King County Swr. Rev. Participating VRDN: | | | |
Series Putters 3941, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 6,950 | | 6,950 |
Series ROC II R 11962, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 2,200 | | 2,200 |
Port of Seattle Rev.: | | | |
Series 1997, 0.05% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 108,830 | | 108,830 |
Series 2008, 0.03% 3/7/14, LOC Bank of Tokyo-Mitsubishi UFJ Ltd., VRDN (c)(f) | 78,715 | | 78,715 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Washington - continued |
Port of Vancouver Rev. (United Grain Corp. of Oregon Proj.) Series 2009, 0.07% 3/7/14, LOC Bank of America NA, VRDN (c) | $ 25,000 | | $ 25,000 |
Seattle Wtr. Sys. Rev. Participating VRDN Series MS 06 2170, 0.06% 3/7/14 (Liquidity Facility Wells Fargo & Co.) (c)(g) | 2,530 | | 2,530 |
Snohomish County Hsg. Auth. Hsg. Rev. (Ebey Arms Centerhouse Proj.) Series 2003, 0.07% 3/7/14, LOC Bank of America NA, VRDN (c) | 7,755 | | 7,755 |
Univ. of Washington Univ. Revs. Participating VRDN: | | | |
Series Solar 07 75, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 37,750 | | 37,750 |
Series Solar 07 94, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 2,682 | | 2,682 |
Washington Econ. Dev. Fin. Auth. Econ. Dev. Rev. (Puget Sound Blood Ctr. Proj.) Series 2008 D, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 15,010 | | 15,010 |
Washington Gen. Oblig. Participating VRDN: | | | |
Series BA 1212, 0.05% 3/7/14 (Liquidity Facility Bank of America NA) (c)(g) | 7,000 | | 7,000 |
Series Clipper 05 39, 0.03% 3/7/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(g) | 18,000 | | 18,000 |
Series DB 599, 0.06% 3/7/14 (Liquidity Facility Deutsche Bank AG) (c)(g) | 4,570 | | 4,570 |
Series Floaters 3040, 0.05% 3/7/14 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (c)(g) | 12,505 | | 12,505 |
Series Putters 3501Z, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 11,660 | | 11,660 |
Series Putters 3539, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 10,000 | | 10,000 |
Series Putters 3854, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 3,500 | | 3,500 |
Series putters 4033, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 5,100 | | 5,100 |
Series ROC II R 14074, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 8,000 | | 8,000 |
Series Solar 06 13, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 41,700 | | 41,700 |
Series WF 11-16C, 0.05% 3/7/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 20,100 | | 20,100 |
Washington Health Care Facilities Auth. Rev. Participating VRDN Series Solar 07 66, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 19,595 | | 19,595 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Washington - continued |
Washington Hsg. Fin. Commission Multi-family Hsg. Rev.: | | | |
(Affinity at Olympia Apts. Proj.) Series 2012 A, 0.05% 3/7/14, LOC Fed. Home Ln. Bank, San Francisco, VRDN (c) | $ 8,350 | | $ 8,350 |
(Avalon Ridge Apts. Proj.) Series 1999, 0.07% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 18,755 | | 18,755 |
(Ballard Landmark Inn Proj.) Series A, 0.06% 3/7/14, LOC Fed. Home Ln. Bank, San Francisco, VRDN (c)(f) | 27,290 | | 27,290 |
(Cedar Ridge Retirement Proj.) Series 2005 A, 0.06% 3/7/14, LOC Fed. Home Ln. Bank, San Francisco, VRDN (c)(f) | 8,050 | | 8,050 |
(Crestview Apts. Proj.) Series 2004, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 14,000 | | 14,000 |
(Echo Lake Sr. Apts. Proj.) Series 2006, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 17,970 | | 17,970 |
(Fairwinds Redmond Proj.) Series A, 0.06% 3/7/14, LOC Fed. Home Ln. Bank, San Francisco, VRDN (c)(f) | 19,250 | | 19,250 |
(Gardens Univ. Village Apt. Proj.) Series A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 48,540 | | 48,540 |
(Highland Park Apts. Proj.) Series A, 0.07% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 9,040 | | 9,040 |
(Merrill Gardens at Renton Centre Proj.) Series A, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 20,790 | | 20,790 |
(Pinehurst Apts. Proj.) Series A, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 12,000 | | 12,000 |
(Silver Creek Apts. Proj.) Series A, 0.06% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 12,250 | | 12,250 |
(The Cambridge Apts. Proj.) Series 2009, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c) | 10,500 | | 10,500 |
(The Lodge at Eagle Ridge Proj.) Series A, 0.06% 3/7/14, LOC Fed. Home Ln. Bank, San Francisco, VRDN (c)(f) | 9,485 | | 9,485 |
(The Vintage at Everett Sr. Living Proj.) Series 2004 A, 0.05% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 15,750 | | 15,750 |
(The Vintage at Richland Sr. Living Proj.) Series 2004 A, 0.07% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 7,535 | | 7,535 |
(Urban Ctr. Apts. Proj.) Series 2012, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 38,900 | | 38,900 |
(Vintage Mount Vernon Proj.) Series A, 0.07% 3/7/14, LOC Fannie Mae, VRDN (c)(f) | 7,500 | | 7,500 |
(Washington Terrace Sr. Apts. Proj.) Series 2010, 0.04% 3/7/14, LOC Fannie Mae, VRDN (c) | 3,750 | | 3,750 |
(Willow Tree Grove Apts. Proj.) Series 2011, 0.04% 3/7/14, LOC Freddie Mac, VRDN (c) | 4,855 | | 4,855 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Washington - continued |
Washington Hsg. Fin. Commission Nonprofit Hsg. Rev. (Horizon House Proj.) Series 2005, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | $ 39,200 | | $ 39,200 |
Washington Hsg. Fin. Commission Nonprofit Rev. (YMCA of Pierce and Kitsap Countries Proj.) Series 2010 B, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c) | 9,570 | | 9,570 |
| | 846,362 |
West Virginia - 0.7% |
Harrison County Commission Solid Waste Disp. Rev. (Waste Mgmt., Inc. Proj.) Series A, 0.05% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 8,420 | | 8,420 |
Marion County Solid Waste Disp. Rev. (Grant Town Cogeneration Proj.): | | | |
Series 1990 A, 0.04% 3/7/14, LOC Deutsche Bank AG, VRDN (c)(f) | 11,900 | | 11,900 |
Series 1990 B, 0.04% 3/7/14, LOC Deutsche Bank AG, VRDN (c)(f) | 12,000 | | 12,000 |
Series 1990 C, 0.04% 3/7/14, LOC Deutsche Bank AG, VRDN (c)(f) | 6,000 | | 6,000 |
Series 1990 D, 0.04% 3/7/14, LOC Deutsche Bank AG, VRDN (c)(f) | 6,100 | | 6,100 |
West Virginia Econ. Dev. Auth. Energy (Morgantown Energy Associates Proj.) Series 2011, 0.07% 3/7/14, LOC Union Bank NA, VRDN (c)(f) | 31,700 | | 31,700 |
West Virginia Econ. Dev. Auth. Solid Waste Disp. Facilities Rev.: | | | |
(Appalachian Pwr. Co. - Amos Proj.): | | | |
Series 2008 B, 0.04% 3/7/14, LOC Mizuho Corporate Bank Ltd., VRDN (c)(f) | 40,275 | | 40,275 |
Series 2009 A, 0.04% 3/7/14, LOC Sumitomo Mitsui Banking Corp., VRDN (c) | 11,175 | | 11,175 |
Series 2009 B, 0.03% 3/7/14, LOC Sumitomo Mitsui Banking Corp., VRDN (c) | 1,800 | | 1,800 |
(Appalachian Pwr. Co. - Mountaineer Proj.) Series 2008 A, 0.03% 3/7/14, LOC Mizuho Corporate Bank Ltd., VRDN (c)(f) | 59,700 | | 59,700 |
Wood County Commission Solid Waste Disp. Rev. (Waste Mgmt., Inc. Proj.) Series A, 0.05% 3/7/14, LOC Bank of America NA, VRDN (c)(f) | 6,580 | | 6,580 |
| | 195,650 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Wisconsin - 0.3% |
Appleton Redev. Auth. Rev. (Fox Cities Performing Arts Ctr. Proj.) Series 2001 B, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | $ 20,700 | | $ 20,700 |
Wisconsin Gen. Oblig. Participating VRDN Series WF 11-14C, 0.05% 3/7/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 4,000 | | 4,000 |
Wisconsin Health & Edl. Facilities Participating VRDN Series MS 3337, 0.03% 3/7/14 (Liquidity Facility Cr. Suisse AG) (c)(g) | 5,000 | | 5,000 |
Wisconsin Health & Edl. Facilities Auth. Rev.: | | | |
(Aurora Health Care, Inc. Proj.) Series 1999 C, 0.02% 3/7/14, LOC JPMorgan Chase Bank, VRDN (c) | 40,000 | | 40,000 |
Participating VRDN ROC II R 11837, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (c)(g) | 2,025 | | 2,025 |
Wisconsin Hsg. and Econ. Dev. Auth. Multi-family Hsg. Rev.: | | | |
Series 2007 A, 0.05% 3/7/14 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 7,095 | | 7,095 |
Series 2008 A, 0.03% 3/7/14 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c) | 10,525 | | 10,525 |
| | 89,345 |
Wyoming - 0.1% |
Laramie County Indl. Dev. Rev. (Cheyenne Lt., Fuel & Pwr. Co. Proj.) Series 2009 A, 0.09% 3/7/14, LOC Wells Fargo Bank NA, VRDN (c)(f) | 5,000 | | 5,000 |
Lincoln County Envir. (PacifiCorp Proj.) Series 1995, 0.2% 3/7/14, VRDN (c)(f) | 19,500 | | 19,500 |
Sweetwater County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1984, 0.22% 3/7/14, VRDN (c) | 6,400 | | 6,400 |
| | 30,900 |
TOTAL VARIABLE RATE DEMAND NOTE (Cost $17,672,358) |
17,672,358
|
Other Municipal Debt - 30.3% |
| | | |
Alabama - 0.0% |
Alabama Pub. School & College Auth. Rev. Bonds Series WF 11 37C, 0.17%, tender 5/29/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g)(h) | 4,930 | | 4,930 |
Alaska - 0.5% |
Alaska Gen. Oblig. BAN 1.75% 3/25/14 | 97,095 | | 97,196 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Alaska - continued |
Anchorage Gen. Oblig. Series 2014 B1, 0.1% 5/1/14, LOC JPMorgan Chase Bank, CP | $ 38,950 | | $ 38,950 |
North Slope Borough Gen. Oblig. Bonds Series 2013 A, 1% 6/30/14 | 24,890 | | 24,958 |
| | 161,104 |
Arizona - 0.7% |
Arizona School Facilities Board Ctfs. of Prtn. Bonds Series 2013 A2, 2% 9/1/14 | 5,890 | | 5,944 |
Arizona Unemployment Ins. TAN: | | | |
Series 2013 A, 1.5% 5/7/14 | 10,900 | | 10,926 |
Series 2013 B, 1.5% 5/21/14 | 12,900 | | 12,938 |
Phoenix Civic Impt. Corp.: | | | |
Series 2009, 0.08% 3/4/14, LOC Bank of America NA, CP | 16,925 | | 16,925 |
Series 2011 B1, 0.12% 3/17/14, LOC Barclays Bank PLC, CP | 56,600 | | 56,600 |
Phoenix Civic Impt. Corp. Transit Excise Tax Rev. Bonds (Lt. Rail Proj.) Series 2013, 2% 7/1/14 | 14,695 | | 14,783 |
Phoenix Civic Impt. Corp. Wastewtr. Sys. Rev.: | | | |
0.1% 4/3/14, LOC Royal Bank of Canada, CP | 40,300 | | 40,300 |
0.13% 3/18/14, LOC Wells Fargo Bank NA, CP | 46,900 | | 46,900 |
Salt River Proj. Agricultural Impt. & Pwr. District Elec. Sys. Rev. Series 2013 C, 0.13% 3/6/14, CP | 13,600 | | 13,600 |
| | 218,916 |
Arkansas - 0.0% |
Arkansas Gen. Oblig. Bonds: | | | |
Series 2010, 4% 8/1/14 | 12,100 | | 12,293 |
Series 2013, 2% 6/15/14 | 2,000 | | 2,010 |
| | 14,303 |
California - 6.1% |
California Dept. of Wtr. Resources Pwr. Supply Rev. Bonds: | | | |
Series 2010 L, 5% 5/1/14 | 4,525 | | 4,561 |
Series 2010 M, 5% 5/1/14 | 5,000 | | 5,040 |
California Edl. Facilities Auth. Rev. Bonds (Stanford Univ. Proj.): | | | |
Series S3, 0.15% tender 8/28/14, CP mode | 33,100 | | 33,100 |
Series T4, 5% 3/15/14 | 2,520 | | 2,525 |
California Gen. Oblig.: | | | |
Bonds 5% 4/1/14 | 4,000 | | 4,016 |
RAN: | | | |
Series 2013 A1, 2% 5/28/14 | 291,750 | | 293,008 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
California - continued |
California Gen. Oblig.: - continued | | | |
RAN: - continued | | | |
Series 2013 A2, 2% 6/23/14 | $ 288,700 | | $ 290,293 |
California School Cash Reserve Prog. Auth. TRAN Series 2013 A, 2% 4/1/14 | 15,635 | | 15,659 |
Grossmont Healthcare District Bonds Series WF 11 30C, 0.17%, tender 4/10/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g)(h) | 10,110 | | 10,110 |
Kern County Gen. Oblig. TRAN 1.25% 6/30/14 | 88,400 | | 88,713 |
Los Angeles County Gen. Oblig.: | | | |
Series 2010 C, 0.08% 3/10/14, LOC Wells Fargo Bank NA, CP | 6,600 | | 6,600 |
TRAN 2% 6/30/14 | 191,000 | | 192,150 |
Los Angeles Dept. of Wtr. & Pwr. Rev. 0.1% 4/8/14 (Liquidity Facility Wells Fargo Bank NA), CP | 62,000 | | 62,000 |
Los Angeles Gen. Oblig. TRAN: | | | |
2% 5/1/14 | 188,085 | | 188,659 |
2% 6/26/14 | 212,300 | | 213,536 |
Los Angeles Wastewtr. Sys. Bonds Series 2013 A, 2% 6/1/14 | 10,655 | | 10,703 |
Oakland Gen. Oblig. TRAN 1.25% 6/30/14 | 52,930 | | 53,117 |
Orange County Local Trans. Auth. Sales Tax Rev. Series 2013 A, 0.12% 3/11/14, LOC JPMorgan Chase Bank, CP | 25,000 | | 25,000 |
Orange County Sanitation District Ctfs. of Prtn. Bonds Series MS 06 2222, 0.2%, tender 5/15/14 (Liquidity Facility Wells Fargo & Co.) (c)(g)(h) | 16,615 | | 16,615 |
San Diego County & School District TRAN Series 2013 A, 2% 6/30/14 | 22,100 | | 22,234 |
San Diego County Wtr. Auth. Wtr. Rev. Bonds Series WF 08 29C, 0.2%, tender 4/17/14 (Liquidity Facility Wells Fargo & Co.) (c)(g)(h) | 21,970 | | 21,970 |
San Diego Unified School District TRAN Series 2013 A2, 2% 6/30/14 | 27,600 | | 27,766 |
San Francisco City & County Gen. Oblig. Bonds: | | | |
Series 2011 R1, 5% 6/15/14 | 6,190 | | 6,276 |
Series 2013 C, 4% 6/15/14 | 7,915 | | 8,003 |
San Francisco County Trans. Auth.: | | | |
Series 2004 A, 0.1% 4/7/14, LOC Wells Fargo Bank NA, CP | 27,215 | | 27,215 |
Series 2004 B, 0.1% 4/7/14, LOC Wells Fargo Bank NA, CP | 56,250 | | 56,250 |
San Jose Int'l. Arpt. Rev. Series 2014 A2, 0.08% 5/16/14, LOC Barclays Bank PLC, CP | 7,265 | | 7,265 |
Santa Cruz Gen. Oblig. TRAN 2% 7/2/14 | 16,900 | | 17,003 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
California - continued |
Tulare County Gen. Oblig. TRAN 1.5% 6/30/14 | $ 38,600 | | $ 38,769 |
Ventura County Gen. Oblig. TRAN 1.25% 7/1/14 | 47,325 | | 47,494 |
| | 1,795,650 |
Colorado - 1.2% |
Colorado Ed. Ln. Prog. TRAN Series 2013 B, 2% 6/27/14 | 143,800 | | 144,685 |
Colorado Gen. Fdg. Rev. TRAN Series 2013 A, 1% 6/27/14 | 197,200 | | 197,722 |
| | 342,407 |
Connecticut - 0.1% |
Hartford County Metropolitan District Gen. Oblig. BAN 1.25% 3/25/14 | 11,200 | | 11,208 |
Naugatuck Gen. Oblig. BAN 1% 3/18/14 | 7,700 | | 7,703 |
| | 18,911 |
Delaware - 0.0% |
Delaware Gen. Oblig. Bonds: | | | |
Series 2008 A, 5% 3/1/14 | 2,350 | | 2,350 |
Series 2009 C, 5% 10/1/14 | 5,875 | | 6,043 |
| | 8,393 |
District Of Columbia - 1.3% |
District of Columbia Gen. Oblig. TRAN 2% 9/30/14 | 109,200 | | 110,361 |
District of Columbia Rev. Bonds Series 2000, 0.14% tender 3/6/14, LOC JPMorgan Chase Bank, CP mode | 71,600 | | 71,600 |
JPMorgan Chase Bonds Series Putters 4418, 0.1%, tender 4/17/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g)(h) | 39,900 | | 39,900 |
Metropolitan Washington Arpts. Auth. Dulles Toll Road Rev. Series 1: | | | |
0.09% 5/1/14, LOC JPMorgan Chase Bank, CP | 26,660 | | 26,660 |
0.11% 8/6/14, LOC JPMorgan Chase Bank, CP | 57,700 | | 57,700 |
0.12% 3/10/14, LOC JPMorgan Chase Bank, CP | 13,400 | | 13,400 |
0.12% 3/10/14, LOC JPMorgan Chase Bank, CP | 2,000 | | 2,000 |
0.13% 3/4/14, LOC JPMorgan Chase Bank, CP | 27,600 | | 27,600 |
0.13% 3/11/14, LOC JPMorgan Chase Bank, CP | 47,900 | | 47,900 |
| | 397,121 |
Florida - 1.6% |
Alachua County Health Facilities Auth. Health Facilities Rev. Bonds (Shands Teaching Hosp. & Clinics, Inc. Proj.) Series 2008 A, 0.08% tender 4/2/14, LOC Bank of America NA, CP mode | 21,300 | | 21,300 |
Florida Board of Ed. Lottery Rev. Bonds: | | | |
Series 2010 D, 5% 7/1/14 | 5,400 | | 5,487 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Florida - continued |
Florida Board of Ed. Lottery Rev. Bonds: - continued | | | |
Series 2010 E, 4% 7/1/14 | $ 2,600 | | $ 2,632 |
Series 2010 F, 5% 7/1/14 | 9,555 | | 9,707 |
Florida Board of Ed. Pub. Ed. Cap. Outlay Bonds: | | | |
Series 2009 D, 5% 6/1/14 | 5,000 | | 5,060 |
Series 2012 B, 5% 6/1/14 | 2,160 | | 2,186 |
Florida Dept. of Trans. Tpk. Rev. Bonds Series 2013 B, 2% 7/1/14 | 15,830 | | 15,926 |
Florida Gen. Oblig. Bonds Series 2009 B, 5% 7/1/14 | 8,070 | | 8,199 |
Florida Hurricane Catastrophe Fund Fin. Corp. Rev. Bonds Series 2008 A, 5% 7/1/14 | 37,240 | | 37,836 |
Florida Local Govt. Fin. Cmnty. Series 2011 A1: | | | |
0.07% 3/18/14, LOC JPMorgan Chase Bank, CP | 15,573 | | 15,573 |
0.09% 4/3/14, LOC JPMorgan Chase Bank, CP | 13,858 | | 13,858 |
0.11% 3/4/14, LOC JPMorgan Chase Bank, CP | 4,940 | | 4,940 |
Hillsborough County Aviation Auth. Rev. Bonds Series 2013 A, 2% 10/1/14 (f) | 12,195 | | 12,313 |
Hillsborough County Cap. Impt. Prog. Rev.: | | | |
Series 2013 A: | | | |
0.12% 3/6/14, LOC State Street Bank & Trust Co., Boston, CP | 23,100 | | 23,100 |
0.12% 3/13/14, LOC State Street Bank & Trust Co., Boston, CP | 4,000 | | 4,000 |
Series 2014 A: | | | |
0.07% 3/20/14, LOC State Street Bank & Trust Co., Boston, CP | 14,438 | | 14,438 |
0.08% 3/27/14, LOC State Street Bank & Trust Co., Boston, CP | 13,800 | | 13,800 |
Jacksonville Elec. Auth. Elec. Sys. Rev.: | | | |
Bonds 2% 10/1/14 | 5,940 | | 6,004 |
Series C1, 0.08% 4/2/14, CP | 21,360 | | 21,360 |
Jacksonville Gen. Oblig. Series 2004 A, 0.12% 3/6/14, LOC Barclays Bank PLC, CP | 6,700 | | 6,700 |
JEA Saint Johns River Pwr. Park Sys. Rev. Bonds: | | | |
Series 23 Issue 2, 5% 10/1/14 | 7,000 | | 7,197 |
Series 25 Issue 2, 4% 10/1/14 | 5,000 | | 5,113 |
Miami-Dade County School District TAN Series 2013, 1% 3/4/14 | 179,600 | | 179,612 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Florida - continued |
Orlando Utils. Commission Util. Sys. Rev. Bonds Series 2011 A, 0.14%, tender 9/26/14 (c) | $ 14,500 | | $ 14,500 |
Tampa Health Sys. Rev. Bonds Series 2012 B, 0.13%, tender 9/26/14 (c) | 14,515 | | 14,515 |
| | 465,356 |
Georgia - 0.3% |
Georgia Gen. Oblig. Bonds: | | | |
Series 2004 B, 5% 3/1/14 | 1,000 | | 1,000 |
Series 2007 B, 5% 4/1/14 | 3,500 | | 3,514 |
Series 2012 A, 5% 7/1/14 | 2,000 | | 2,032 |
Series WF 08 12C, 0.2%, tender 4/17/14 (Liquidity Facility Wells Fargo & Co.) (c)(g)(h) | 14,630 | | 14,630 |
4% 1/1/15 | 1,000 | | 1,032 |
Georgia Muni. Elec. Auth. Pwr. Rev. Bonds (Gen. Resolution Proj.) Series 1985 A, 0.11% tender 3/17/14, LOC Barclays Bank PLC, CP mode | 15,550 | | 15,550 |
Georgia Road & Thruway Auth. Rev. Bonds Series 2006, 5% 6/1/14 | 6,000 | | 6,072 |
Metropolitan Atlanta Rapid Transit: | | | |
Series 2012 C2, 0.09% 5/16/14, LOC Bank of New York, New York, CP | 9,000 | | 9,000 |
Series 2012 D1, 0.11% 3/13/14, LOC Bank of Tokyo-Mitsubishi UFJ Ltd., CP | 29,800 | | 29,800 |
Series 2012 D2, 0.11% 3/13/14, LOC Bank of Tokyo-Mitsubishi UFJ Ltd., CP | 12,000 | | 12,000 |
| | 94,630 |
Hawaii - 0.1% |
Hawaii Gen. Oblig. Bonds: | | | |
Series 2005 DG, 5% 7/1/14 | 4,000 | | 4,066 |
Series 2013 EI, 5% 8/1/14 | 23,515 | | 23,992 |
| | 28,058 |
Idaho - 0.5% |
Idaho Gen. Oblig. TAN 2% 6/30/14 | 121,800 | | 122,529 |
Idaho Health Facilities Auth. Hosp. Rev. Bonds Series 2013 ID, 0.1%, tender 9/26/14 (c) | 13,000 | | 13,000 |
| | 135,529 |
Illinois - 0.7% |
Chicago O'Hare Int'l. Arpt. Rev.: | | | |
Series 2011 D1, 0.12% 4/3/14, LOC BMO Harris Bank NA, CP (f) | 8,625 | | 8,625 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Illinois - continued |
Chicago O'Hare Int'l. Arpt. Rev.: - continued | | | |
0.1% 4/3/14, LOC BMO Harris Bank NA, CP | $ 2,750 | | $ 2,750 |
Cook County Gen. Oblig. Bonds Series 2014 A, 1% 11/15/14 | 11,600 | | 11,663 |
Illinois Fin. Auth. Ed. Rev.: | | | |
Series 2014, 0.09% 5/5/14, LOC PNC Bank NA, CP | 17,240 | | 17,240 |
0.11% 7/8/14, LOC PNC Bank NA, CP | 14,000 | | 14,000 |
Illinois Fin. Auth. Rev. Bonds: | | | |
(Advocate Health Care Network Proj.) Series 2011 B, 0.15%, tender 9/26/14 (c) | 11,700 | | 11,700 |
(Hosp. Sisters Svcs. Proj.): | | | |
Series 2012 H, 0.1% tender 7/8/14, CP mode | 16,900 | | 16,900 |
Series 2012 I, 0.11% tender 6/4/14, CP mode | 39,460 | | 39,460 |
Series H, 0.08% tender 3/10/14, CP mode | 12,500 | | 12,500 |
0.08% tender 4/3/14, CP mode | 17,200 | | 17,200 |
Series 2010 D, 4% 4/1/14 | 2,790 | | 2,799 |
Illinois Sales Tax Rev. Bonds: | | | |
Series 2002, 5.5% 6/15/14 | 3,005 | | 3,052 |
Series 2010, 5% 6/15/14 | 2,680 | | 2,718 |
Series 2013, 2% 6/15/14 | 31,400 | | 31,564 |
| | 192,171 |
Indiana - 1.3% |
Indiana Fin. Auth. Hosp. Rev. Bonds Series 2011 N, 3% 3/1/14 | 1,360 | | 1,360 |
Indiana Fin. Auth. Rev. Bonds (Trinity Health Sys. Proj.) Series 2008 D2: | | | |
0.1% tender 3/12/14, CP mode | 87,645 | | 87,645 |
0.1% tender 4/3/14, CP mode | 35,500 | | 35,500 |
Indiana Health Facility Fing. Auth. Rev. Bonds (Ascension Health Cr. Group Proj.) Series 2001 A1, 1.5%, tender 8/1/14 (c) | 1,000 | | 1,006 |
Indianapolis Gas Util. Sys. Rev. 0.15% 3/6/14, LOC JPMorgan Chase Bank, CP | 43,000 | | 43,000 |
Posey County Econ. Dev. Rev. Bonds (Midwest Fertilizer Corp. Proj.) Series 2013 A, 0.55%, tender 4/10/14 (c) | 214,800 | | 214,800 |
| | 383,311 |
Kansas - 0.7% |
City of Lawrence: | | | |
BAN: | | | |
1% 5/1/14 | 26,800 | | 26,837 |
1.5% 10/1/14 | 31,405 | | 31,644 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Kansas - continued |
City of Lawrence: - continued | | | |
Bonds Series II, 1.5% 10/1/14 | $ 11,270 | | $ 11,356 |
Kansas Dept. of Trans. Hwy. Rev. Bonds Series 2012 A2, 0.26% 9/1/14 (c) | 24,780 | | 24,806 |
Wichita Gen. Oblig. BAN: | | | |
Series 258, 0.5% 10/15/14 | 57,900 | | 57,923 |
0.25% 10/15/14 (f) | 44,200 | | 44,200 |
| | 196,766 |
Kentucky - 0.3% |
Jefferson County Poll. Cont. Bonds (Louisville Gas & Elec. Co. Proj.) Series A2, 0.25% tender 3/5/14, CP mode (f) | 35,000 | | 35,000 |
Jefferson County Poll. Cont. Rev. Bonds (Louisville Gas & Elec. Co. Proj.) Series 2001 A, 0.25% tender 4/8/14, CP mode | 9,600 | | 9,600 |
Trimble County Poll. Cont. Rev. Bonds: | | | |
(Louisville Gas & Elec. Co. Proj.) Series 2001 A, 0.25% tender 4/8/14, CP mode | 19,800 | | 19,800 |
(Louisville Gas & Elec. Proj.) Series 2001 B, 0.25% tender 3/5/14, CP mode (f) | 9,400 | | 9,400 |
| | 73,800 |
Louisiana - 0.0% |
Louisiana Gen. Oblig. Bonds Series 2009 A, 5% 5/1/14 | 5,000 | | 5,040 |
Maryland - 0.5% |
Baltimore County Gen. Oblig.: | | | |
Series 2011: | | | |
0.07% 4/1/14 (Liquidity Facility Mizuho Corporate Bank Ltd.), CP | 32,815 | | 32,815 |
0.09% 5/16/14 (Liquidity Facility Mizuho Corporate Bank Ltd.), CP | 33,125 | | 33,125 |
0.1% 6/16/14 (Liquidity Facility Mizuho Corporate Bank Ltd.), CP | 16,700 | | 16,700 |
0.08% 4/3/14 (Liquidity Facility Mizuho Corporate Bank Ltd.), CP | 18,550 | | 18,550 |
Maryland Gen. Oblig. Bonds Second Series 2010 B, 5% 8/1/14 | 2,170 | | 2,214 |
Montgomery County Gen. Oblig. Bonds Series 2013 MD: 0.1% tender 3/3/14 (b)(c) | 19,500 | | 19,500 |
0.1% tender 6/2/14 (b)(c) | 20,200 | | 20,200 |
| | 143,104 |
Massachusetts - 0.4% |
Massachusetts Dev. Fin. Agcy. Electrical Utils. Rev. Bonds (Nantucket Elec. Co. Proj.) Series 2005, 0.33% tender 4/9/14, CP mode (f) | 24,400 | | 24,400 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Massachusetts - continued |
Massachusetts Gen. Oblig. RAN Series 2013 B, 2% 5/29/14 | $ 50,000 | | $ 50,225 |
Massachusetts Indl. Fin. Agcy. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.): | | | |
Series 1992: | | | |
0.28% tender 4/9/14, CP mode | 12,675 | | 12,675 |
0.28% tender 4/10/14, CP mode | 8,000 | | 8,000 |
Series 1993 A, 0.28% tender 4/9/14, CP mode | 15,000 | | 15,000 |
Series 1993 B: | | | |
0.35% tender 3/27/14, CP mode | 1,650 | | 1,650 |
0.4% tender 3/20/14, CP mode | 8,800 | | 8,800 |
Massachusetts State Dev. Fin. Agcy. Elec. Util. Rev. Bonds (Nantucket Elec. Co. Proj.) Series 2007, 0.3% tender 3/5/14, CP mode (f) | 1,100 | | 1,100 |
| | 121,850 |
Michigan - 0.4% |
Michigan Bldg. Auth. Rev. Series 6, 0.08% 3/20/14, LOC State Street Bank & Trust Co., Boston, LOC U.S. Bank NA, Cincinnati, CP | 3,680 | | 3,680 |
Michigan Fin. Auth. Rev. Bonds Series 2013 M1:
0.1% tender 3/3/14 (b)(c) | 8,000 | | 8,000 |
0.1% tender 6/2/14 (b)(c) | 8,000 | | 8,000 |
Michigan Hosp. Fin. Auth. Rev. Bonds (Trinity Health Sys. Proj.) Series 2008 C: | | | |
0.08% tender 4/3/14, CP mode | 16,965 | | 16,965 |
0.09% tender 5/5/14, CP mode | 17,340 | | 17,340 |
0.1% tender 6/4/14, CP mode | 24,590 | | 24,590 |
0.1% tender 7/8/14, CP mode | 50,000 | | 50,000 |
| | 128,575 |
Minnesota - 0.4% |
Minneapolis Gen. Oblig. Bonds Series 2013, 2% 12/1/14 | 2,080 | | 2,108 |
Minnesota 911 Rev. Bonds (Pub. Safety Radio Communications Sys. Proj.) Series 2011, 4% 6/1/14 | 1,600 | | 1,615 |
Minnesota Gen. Oblig. Bonds: | | | |
Series 2009 E, 5% 8/1/14 | 4,000 | | 4,080 |
Series 2010 D, 5% 8/1/14 | 2,825 | | 2,882 |
Series 2013 A, 5% 8/1/14 | 6,835 | | 6,973 |
Series WF 11 110C, 0.14%, tender 8/14/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g)(h) | 23,525 | | 23,525 |
5% 10/1/14 | 16,000 | | 16,458 |
5% 10/1/14 | 13,675 | | 14,060 |
Univ. of Minnesota Gen. Oblig. Series 2009 D, 0.1% 7/8/14, CP | 9,000 | | 9,000 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Minnesota - continued |
Univ. of Minnesota Rev. Series A: | | | |
0.05% 3/5/14, CP | $ 8,700 | | $ 8,700 |
0.09% 5/16/14, CP | 22,600 | | 22,600 |
0.09% 5/16/14, CP | 7,650 | | 7,650 |
| | 119,651 |
Missouri - 0.2% |
Curators of the Univ. of Missouri: | | | |
Series 2014 A, 0.07% 3/5/14, CP | 17,000 | | 17,000 |
Series A, 0.05% 3/5/14, CP | 19,000 | | 19,000 |
Missouri Health & Edl. Facilities Bonds (BJC Health Sys. Proj.) Series 2013 C, 0.1%, tender 9/26/14 (c) | 13,600 | | 13,600 |
Saint Louis Gen. Fund Rev. TRAN 2% 5/30/14 | 22,700 | | 22,802 |
| | 72,402 |
Nebraska - 0.2% |
Nebraska Pub. Pwr. District Rev.: | | | |
Series 2013 A, 0.12% 3/3/14, CP | 15,400 | | 15,400 |
Series A, 0.07% 5/5/14, CP | 16,900 | | 16,900 |
Omaha Pub. Pwr. District Elec. Rev.: | | | |
Series 2013 A, 0.12% 3/6/14, CP | 7,500 | | 7,500 |
Series A: | | | |
0.07% 3/3/14, CP | 5,200 | | 5,200 |
0.07% 4/22/14, CP | 15,000 | | 15,000 |
0.07% 4/23/14, CP | 13,500 | | 13,500 |
| | 73,500 |
Nevada - 0.3% |
Clark County School District Bonds: | | | |
Series 1998, 5.5% 6/15/14 | 1,650 | | 1,676 |
Series 2006 A, 5% 6/15/14 | 2,000 | | 2,028 |
Series 2011 A, 5% 6/15/14 | 7,000 | | 7,096 |
Series 2013 A, 4% 6/15/14 | 3,840 | | 3,881 |
Series 2013 B, 3% 6/15/14 | 14,200 | | 14,314 |
Nevada Unemployment Compensation Fund Spl. Rev. Bonds Series 2013, 2% 12/1/14 | 1,525 | | 1,546 |
Truckee Meadows Wtr. Auth. Wtr. Rev.: | | | |
Series 2006 A, 0.12% 5/6/14, LOC JPMorgan Chase Bank, CP | 23,000 | | 23,000 |
Series 2006 B, 0.07% 4/23/14, LOC Wells Fargo Bank NA, CP | 25,000 | | 25,000 |
| | 78,541 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
New Hampshire - 0.2% |
New Hampshire Bus. Fin. Auth. Poll. Cont. Rev. Bonds: | | | |
(New England Pwr. Co. Proj.): | | | |
Series 1990 A1, 0.3% tender 3/5/14, CP mode (f) | $ 35,500 | | $ 35,500 |
Series 1990 B, 0.4% tender 3/20/14, CP mode | 27,900 | | 27,900 |
Series 1990 A, 0.33% tender 4/9/14, CP mode (f) | 9,450 | | 9,450 |
| | 72,850 |
New Jersey - 0.1% |
Passaic County Gen. Oblig. BAN Series 2013 A, 1.25% 12/19/14 | 15,669 | | 15,798 |
West Milford Township Gen. Oblig. BAN 1.25% 10/3/14 | 5,550 | | 5,580 |
| | 21,378 |
New Mexico - 0.1% |
New Mexico Gen. Oblig. Bonds Series 2013, 2% 3/1/14 | 6,445 | | 6,445 |
New Mexico Severance Tax Rev. Bonds: | | | |
Series 2009 A, 5% 7/1/14 | 1,000 | | 1,016 |
Series 2010 B, 5% 7/1/14 | 8,230 | | 8,362 |
Series 2013 A, 5% 7/1/14 | 6,000 | | 6,096 |
| | 21,919 |
New York - 0.3% |
JPMorgan Chase Bonds Series Putters 4410, 0.08%, tender 5/8/14 (Liquidity Facility JPMorgan Chase Bank) (c)(g)(h) | 24,130 | | 24,130 |
New York Metropolitan Trans. Auth. Rev. Series 2D, 0.12% 4/9/14, LOC Citibank NA, CP | 30,000 | | 30,000 |
New York Thruway Auth. Hwy. & Bridge Trust Fund Bonds Series 2005 B, 5% 4/1/14 | 46,350 | | 46,541 |
| | 100,671 |
North Carolina - 0.2% |
Board of Governors of the Univ. of North Carolina Series D, 0.08% 4/3/14, CP | 8,500 | | 8,500 |
Charlotte Gen. Oblig. Bonds Series 2013 B, 2% 7/1/14 | 9,580 | | 9,638 |
Mecklenburg County Pub. Facilities Corp. Bonds Series 2009, 5% 3/1/14 | 3,000 | | 3,000 |
North Carolina Gen. Oblig. Bonds Series 2004 A, 5.25% 3/1/14 | 4,170 | | 4,170 |
North Carolina Grant Anticipation Rev. Bonds Series 2012, 3% 3/1/14 | 13,250 | | 13,250 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
North Carolina - continued |
Wake County Gen. Oblig. Bonds: | | | |
Series 2010 A, 5% 4/1/14 | $ 4,685 | | $ 4,704 |
Series 2013 B, 3% 5/1/14 | 3,225 | | 3,240 |
| | 46,502 |
Ohio - 0.3% |
Ohio Higher Edl. Facility Commission Rev. Bonds: | | | |
(The Cleveland Clinic Foundation Proj.): | | | |
Series 2008 B5: | | | |
0.1% tender 7/7/14, CP mode | 12,400 | | 12,400 |
0.1% tender 7/7/14, CP mode | 13,450 | | 13,450 |
0.13% tender 5/19/14, CP mode | 7,200 | | 7,200 |
0.14% tender 4/4/14, CP mode | 10,000 | | 10,000 |
Series 2008 B6: | | | |
0.13% tender 5/19/14, CP mode | 8,600 | | 8,600 |
0.14% tender 4/4/14, CP mode | 8,800 | | 8,800 |
Series 2008 B5, 0.14% tender 3/6/14, CP mode | 18,650 | | 18,650 |
| | 79,100 |
Oklahoma - 0.0% |
Oklahoma City Wtr. Utils. Trust Wtr. and Swr. Rev.: | | | |
Series 2013 A, 0.12% 4/8/14, LOC State Street Bank & Trust Co., Boston, CP | 3,000 | | 3,000 |
Series A: | | | |
0.08% 4/8/14, LOC State Street Bank & Trust Co., Boston, CP | 2,000 | | 2,000 |
0.09% 4/4/14, LOC State Street Bank & Trust Co., Boston, CP | 2,500 | | 2,500 |
| | 7,500 |
Oregon - 0.6% |
Oregon Facilities Auth. Rev. Bonds Series 2013 C, 0.08%, tender 10/1/14 (c) | 15,400 | | 15,400 |
Oregon Gen. Oblig. TAN Series 2013 A, 1.5% 7/31/14 | 127,800 | | 128,503 |
Portland Gen. Oblig. TAN Series 2013, 1.25% 6/25/14 | 19,700 | | 19,767 |
Portland Ore Wtr. Sys. Rev. Bonds Series 2013, 5% 10/1/14 | 5,030 | | 5,172 |
| | 168,842 |
Pennsylvania - 0.3% |
Econ. Dev. Fin. Auth. Unemployment Compensation Rev. Bonds Series 2012 A, 4% 7/1/14 | 13,790 | | 13,966 |
Pennsylvania Gen. Oblig. Bonds: | | | |
Series I, 5% 9/1/14 | 11,495 | | 11,778 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Pennsylvania - continued |
Pennsylvania Gen. Oblig. Bonds: - continued | | | |
4% 11/15/14 | $ 7,795 | | $ 8,009 |
Philadelphia Gen. Oblig. TRAN Series 2013 A, 0.75% 6/30/14 | 45,900 | | 45,988 |
Univ. of Pittsburgh Commonwealth Sys. of Higher Ed. BAN 2% 7/11/14 | 12,300 | | 12,381 |
| | 92,122 |
Rhode Island - 0.0% |
Rhode Island & Providence Plantations Bonds Series 2010 A, 5% 10/1/14 | 4,995 | | 5,135 |
South Carolina - 1.0% |
Beaufort County School District: | | | |
BAN Series 2013 B, 1.25% 4/24/14 | 18,100 | | 18,128 |
Bonds Series 2013 E, 3.25% 3/3/14 (South Carolina School District Cr. Enhancement Prog. Guaranteed) | 10,525 | | 10,527 |
Charleston County School District: | | | |
BAN 1% 5/8/14 | 16,900 | | 16,925 |
TAN 5% 4/1/14 | 35,800 | | 35,951 |
Cherokee County School District No. 1 Bonds Series 2013 A, 3% 3/1/14 (South Carolina School District Cr. Enhancement Prog. Guaranteed) | 4,310 | | 4,310 |
Dorchester County No. 2 School District BAN 0.2% 5/15/14 | 43,300 | | 43,301 |
Oconee County School District Bonds Series 2014 A, 2% 3/1/15 (South Carolina School District Cr. Enhancement Prog. Guaranteed) (b) | 5,525 | | 5,626 |
South Carolina Assoc. of Governmental Organizations Ctfs. of Prtn. Bonds: | | | |
Series 2013 A, 1.5% 3/3/14 (South Carolina School District Cr. Enhancement Prog. Guaranteed) | 33,960 | | 33,962 |
Series 2013 D, 1% 3/3/14 (South Carolina School District Cr. Enhancement Prog. Guaranteed) | 85,015 | | 85,019 |
South Carolina Gen. Oblig. Bonds: | | | |
Series 2010 A, 4% 6/1/14 | 10,000 | | 10,096 |
Series 2011 A: | | | |
5% 3/1/14 | 10,000 | | 10,000 |
5% 3/1/14 | 5,000 | | 5,000 |
Series 2012 A, 5% 4/1/14 | 5,435 | | 5,458 |
York County Poll. Cont. Rev. Bonds (Duke Energy Corp. Proj.) 0.3% tender 3/5/14, CP mode | 23,000 | | 23,000 |
| | 307,303 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Tennessee - 0.0% |
Memphis Elec. Sys. Rev. Bonds 5% 12/1/14 | $ 3,500 | | $ 3,626 |
Tennessee Gen. Oblig. Bonds Series 2010 A, 4% 5/1/14 | 5,445 | | 5,480 |
| | 9,106 |
Texas - 7.1% |
Austin Elec. Util. Sys. Rev.: | | | |
Series 2013 A: | | | |
0.11% 3/18/14, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 6,200 | | 6,200 |
0.14% 3/3/14, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 8,140 | | 8,140 |
0.14% 3/3/14, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 6,600 | | 6,600 |
0.14% 3/6/14, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 7,540 | | 7,540 |
Series 2014 A, 0.06% 3/5/14, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 4,600 | | 4,600 |
Series A: | | | |
0.07% 4/23/14, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 24,700 | | 24,700 |
0.07% 4/23/14, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 39,190 | | 39,190 |
Board of Regents of The Texas A&M Univ. Sys. Permanent Univ. Fund Bonds 3% 7/1/14 | 5,855 | | 5,911 |
Brownsville Util. Sys. Rev. Series 2014 A, 0.13% 8/11/14, LOC Bank of Montreal Chicago CD Prog., CP | 4,000 | | 4,000 |
Dallas Area Rapid Transit Sales Tax Rev. Bonds Series WF 09 60C, 0.2%, tender 4/17/14 (Liquidity Facility Wells Fargo & Co.) (c)(g)(h) | 20,570 | | 20,570 |
Frisco Independent School District Bonds Series WF 11 1C, 0.13%, tender 7/31/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g)(h) | 13,580 | | 13,580 |
Harris County Gen. Oblig.: | | | |
Series 2013 A1, 0.13% 3/3/14 (Liquidity Facility State Street Bank & Trust Co., Boston), CP | 9,100 | | 9,100 |
Series 2014 D: | | | |
0.06% 3/19/14 (Liquidity Facility JPMorgan Chase Bank), CP | 18,360 | | 18,360 |
0.06% 3/19/14 (Liquidity Facility JPMorgan Chase Bank), CP | 8,815 | | 8,815 |
Harris County Metropolitan Trans. Auth.: | | | |
Series 2013 A3, 0.17% 3/27/14 (Liquidity Facility State Street Bank & Trust Co., Boston), CP | 4,000 | | 4,000 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Harris County Metropolitan Trans. Auth.: - continued | | | |
Series 2014 A1, 0.07% 3/17/14 (Liquidity Facility JPMorgan Chase Bank), CP | $ 10,000 | | $ 10,000 |
Houston Arpt. Sys. Rev. Series A, 0.11% 5/15/14, LOC Royal Bank of Canada, CP (f) | 1,000 | | 1,000 |
Houston Gen. Oblig.: | | | |
Bonds Series 2004 A, 5.25% 3/1/14 | 2,500 | | 2,500 |
TRAN Series 2013, 2% 6/30/14 | 47,500 | | 47,785 |
Houston Higher Ed. Fin. Corp. Higher Ed. Rev. Series 2013 A, 0.11% 4/2/14, CP | 4,550 | | 4,550 |
Houston Util. Sys. Rev.: | | | |
Bonds: | | | |
Series 2004 A, 5.25% 5/15/14 | 12,000 | | 12,129 |
Series 2011 E, 5% 11/15/14 | 6,900 | | 7,136 |
Series 2013 B2, 0.12% 3/11/14, LOC Wells Fargo Bank NA, CP | 17,000 | | 17,000 |
Series B 2, 0.1% 5/1/14, LOC Wells Fargo Bank NA, CP | 20,700 | | 20,700 |
Keller Independent School District Bonds Series WF11 55 C, 0.14%, tender 8/14/14 (Liquidity Facility Wells Fargo Bank NA) (c)(g)(h) | 5,630 | | 5,630 |
Lower Colorado River Auth. Rev.: | | | |
Series B, 0.06% 4/3/14, LOC State Street Bank & Trust Co., Boston, CP | 10,600 | | 10,600 |
0.07% 3/6/14, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 23,600 | | 23,600 |
0.07% 3/11/14, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 7,100 | | 7,100 |
0.09% 3/11/14, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 14,600 | | 14,600 |
0.11% 3/11/14, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 34,300 | | 34,300 |
0.12% 3/5/14, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 16,000 | | 16,000 |
Lower Colorado River Auth. Transmission Contract Rev. Bonds 5% 5/15/14 | 6,595 | | 6,661 |
North Central Texas Health Facilities Dev. Corp. Bonds Series WF 09 33C, 0.2%, tender 4/17/14 (Liquidity Facility Wells Fargo & Co.) (c)(g)(h) | 7,200 | | 7,200 |
North Texas Tollway Auth. Rev. Bonds Series 2009 D: | | | |
0.08% tender 4/11/14, LOC JPMorgan Chase Bank, CP mode | 23,000 | | 23,000 |
0.09% tender 4/9/14, LOC JPMorgan Chase Bank, CP mode | 15,000 | | 15,000 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Plano Independent School District Bonds Series 2010, 5% 2/15/15 (Permanent School Fund of Texas Guaranteed) | $ 2,500 | | $ 2,616 |
Tarrant County Cultural Ed. Facilities Fin. Corp. Hosp. Rev. Bonds (Baylor Health Care Sys. Proj.): | | | |
Series 2011 B, 0.16%, tender 9/26/14 (c) | 6,300 | | 6,300 |
Series 2013 B, 0.12%, tender 9/26/14 (c) | 9,500 | | 9,500 |
Tarrant Reg'l. Wtr. District Wtr. Rev. Bonds Series 2012 A, 4% 3/1/14 | 6,300 | | 6,300 |
Texas A&M Univ. Rev.: | | | |
Bonds Series 2013 B, 3% 5/15/14 | 11,960 | | 12,029 |
Series 1993 B: | | | |
0.1% 3/7/14, CP | 20,950 | | 20,950 |
0.1% 3/10/14, CP | 7,385 | | 7,385 |
0.1% 4/4/14, CP | 9,518 | | 9,518 |
0.1% 4/4/14, CP | 9,375 | | 9,375 |
Texas Gen. Oblig.: | | | |
Bonds Series 2010 B, 5% 8/1/14 | 1,000 | | 1,020 |
TRAN Series 2013, 2% 8/28/14 | 1,249,605 | | 1,260,757 |
Texas Muni. Pwr. Agcy. Rev. Series 2005: | | | |
0.09% 5/1/14, LOC Barclays Bank PLC, CP | 15,835 | | 15,835 |
0.09% 5/1/14, LOC Barclays Bank PLC, CP | 4,900 | | 4,900 |
0.12% 3/17/14, LOC Barclays Bank PLC, CP | 18,600 | | 18,600 |
0.12% 3/17/14, LOC Barclays Bank PLC, CP | 3,300 | | 3,300 |
Texas Pub. Fin. Auth. Rev. Bonds Series 2010 A, 5% 7/1/14 | 4,825 | | 4,903 |
Texas Trans. Commission State Hwy. Fund Rev. Bonds Series 2007, 5% 4/1/14 | 1,500 | | 1,506 |
Texas Wtr. Dev. Board Rev. Bonds Series 2013 A, 1% 7/15/14 | 2,590 | | 2,598 |
Univ. of Texas Board of Regents Sys. Rev. Series 2002 A: | | | |
0.07% 3/3/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 17,200 | | 17,200 |
0.07% 4/2/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 9,538 | | 9,538 |
0.08% 3/10/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 9,692 | | 9,692 |
0.08% 4/2/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 13,800 | | 13,800 |
0.08% 4/3/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 7,500 | | 7,500 |
0.08% 5/2/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 10,000 | | 10,000 |
0.08% 5/6/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 17,400 | | 17,400 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Univ. of Texas Board of Regents Sys. Rev. Series 2002 A: - continued | | | |
0.09% 5/16/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | $ 17,200 | | $ 17,200 |
0.1% 3/5/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 12,000 | | 12,000 |
0.1% 3/5/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 11,100 | | 11,100 |
0.1% 4/3/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 14,400 | | 14,400 |
0.1% 4/9/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 7,550 | | 7,550 |
0.1% 6/4/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 17,200 | | 17,200 |
0.1% 7/8/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 22,432 | | 22,432 |
0.13% 3/6/14 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 17,000 | | 17,000 |
Upper Trinity Reg'l. Wtr. District Series 2014 A, 0.08% 3/5/14, LOC Bank of America NA, CP | 15,000 | | 15,000 |
| | 2,084,201 |
Utah - 0.1% |
Intermountain Pwr. Agcy. Pwr. Supply Rev.: | | | |
Bonds Series 2013 A, 2% 7/1/14 | 4,200 | | 4,226 |
Series 2013 B1, 0.11% 6/13/14 (Liquidity Facility JPMorgan Chase Bank), CP | 10,200 | | 10,200 |
Utah Gen. Oblig. Bonds: | | | |
Series 2004 A, 5% 7/1/14 | 11,900 | | 12,091 |
Series 2009 C, 4% 7/1/14 | 250 | | 253 |
Series 2010 A, 5% 7/1/14 | 3,770 | | 3,831 |
Series 2011 A, 5% 7/1/14 | 4,630 | | 4,705 |
| | 35,306 |
Vermont - 0.0% |
Vermont Econ. Dev. Auth. Rev. Series B, 0.1% 5/9/14, LOC JPMorgan Chase Bank, CP | 5,300 | | 5,300 |
Virginia - 0.6% |
Fairfax County Gen. Oblig. Bonds: | | | |
Series 2004 A, 5.25% 4/1/14 | 3,500 | | 3,515 |
Series 2009 C, 3% 10/1/14 | 3,000 | | 3,051 |
3% 10/1/14 | 7,755 | | 7,887 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Virginia - continued |
Fairfax County Indl. Dev. Auth. Bonds (Inova Health Sys. Proj.) Series 2012 C, 0.11%, tender 9/26/14 (c) | $ 23,000 | | $ 23,000 |
Halifax County Indl. Dev. Auth. Poll. Cont. Rev. Bonds (Virginia Elec. & Pwr. Co. Proj.) Series 1992, 0.6% tender 3/7/14, CP mode (f) | 23,600 | | 23,600 |
Norfolk Econ. Dev. Auth. Hosp. Facilities Rev. Bonds (Sentara Healthcare Proj.): | | | |
Series 2010 B, 0.15%, tender 9/26/14 (c) | 14,155 | | 14,155 |
Series 2012 A, 0.11%, tender 9/26/14 (c) | 13,045 | | 13,045 |
Norfolk Econ. Dev. Auth. Rev. Series 1997, 0.07% 4/23/14, CP | 13,800 | | 13,800 |
Prince William County Indl. Dev. Auth. Poll. Cont. Rev. Bonds (Virginia Elec. & Pwr. Co. Proj.) 0.55% tender 3/7/14, CP mode | 11,200 | | 11,200 |
Virginia Beach Gen. Oblig. Bonds Series 2011 A, 4% 6/1/14 | 4,500 | | 4,543 |
Virginia College Bldg. Auth. Edl. Facilities Rev. Bonds (Pub. Higher Ed. Fing. Prog.) Series 2009 B, 5% 9/1/14 | 4,475 | | 4,583 |
Virginia Commonwealth Trans. Board Rev. Bonds Series 2010 A, 5% 5/15/14 | 9,710 | | 9,806 |
Virginia Pub. Bldg. Auth. Pub. Facilities Rev. Bonds: | | | |
Series 2005 C, 5% 8/1/14 | 2,000 | | 2,041 |
Series 2006 A, 5% 8/1/14 | 5,330 | | 5,438 |
Series 2010 B1, 5% 8/1/14 | 6,055 | | 6,179 |
Virginia Pub. School Auth. Bonds: | | | |
Series 1997 B, 5% 8/1/14 | 6,615 | | 6,748 |
Series 2013 I, 5% 4/15/14 | 11,065 | | 11,130 |
| | 163,721 |
Washington - 0.6% |
Energy Northwest Elec. Rev. Bonds: | | | |
(#1 Proj.): | | | |
Series 2005 A, 5% 7/1/14 | 3,000 | | 3,048 |
Series 2006 A, 5% 7/1/14 | 3,650 | | 3,708 |
Series 2008 A, 5% 7/1/14 | 1,485 | | 1,509 |
Series 2009, 4% 7/1/14 | 1,000 | | 1,013 |
Series A, 5.25% 7/1/14 | 5,000 | | 5,087 |
Port of Seattle Rev. Series 2014 B1, 0.12% 4/8/14, LOC Bank of America NA, CP (f) | 17,655 | | 17,655 |
Seattle Gen. Oblig. Bonds: | | | |
Series 2010 B, 5% 8/1/14 | 3,165 | | 3,230 |
Series 2011, 5% 3/1/14 | 5,000 | | 5,000 |
Seattle Muni. Lt. & Pwr. Rev. Bonds: | | | |
Series 2004, 5% 8/1/14 | 1,300 | | 1,326 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Washington - continued |
Seattle Muni. Lt. & Pwr. Rev. Bonds: - continued | | | |
Series 2010 B, 5% 2/1/15 | $ 7,540 | | $ 7,874 |
Series 2012 A, 3% 6/1/14 | 4,755 | | 4,788 |
Spokane County School District #81 Bonds Series 2013, 5% 12/1/14 (Washington Gen. Oblig. Guaranteed) | 10,900 | | 11,295 |
Washington Ctfs. of Prtn. Bonds Series 2013 D, 2% 7/1/14 | 4,445 | | 4,471 |
Washington Gen. Oblig. Bonds: | | | |
Series 2011 A, 5% 1/1/15 | 3,120 | | 3,246 |
Series 2011 B, 5% 7/1/14 | 10,995 | | 11,172 |
Series 2012 B1, 4% 8/1/14 | 9,000 | | 9,145 |
Series GS 06 7T, 0.2%, tender 6/12/14 (Liquidity Facility Wells Fargo & Co.) (c)(g)(h) | 15,435 | | 15,435 |
Washington Health Care Facilities Auth. Rev. Bonds: | | | |
Series 2009 A, 6.5% 11/15/14 (Pre-Refunded to 11/15/14 @ 100) | 17,730 | | 18,528 |
Series 2013 B1, 0.18%, tender 9/26/14 (c) | 19,000 | | 19,000 |
Series 2013 B2, 0.18%, tender 9/26/14 (c) | 20,000 | | 20,000 |
| | 166,530 |
West Virginia - 0.1% |
Grant County Cmnty. Solid Waste Disp. Rev. Bonds (Virginia Elec. & Pwr. Co. Proj.) Series 1996, 0.33% tender 4/10/14, CP mode (f) | 20,000 | | 20,000 |
Grant County Poll. Cont. Rev. Bonds (Virginia Elec. & Pwr. Co. Proj.) Series 1986, 0.6% tender 3/7/14, CP mode (f) | 7,400 | | 7,400 |
| | 27,400 |
Wisconsin - 0.9% |
Madison Gen. Oblig. Bonds Series 2013 A, 1.5% 10/1/14 | 5,730 | | 5,773 |
Milwaukee Gen. Oblig. Bonds Series 2013, 5% 5/15/14 | 9,500 | | 9,594 |
Milwaukee School District RAN 2% 6/30/14 | 91,000 | | 91,552 |
Wisconsin Clean Wtr. Rev. Bonds Series 2, 5.25% 6/1/14 | 4,765 | | 4,826 |
Wisconsin Gen. Oblig.: | | | |
Bonds: | | | |
Series 1, 5.5% 5/1/14 | 2,000 | | 2,018 |
Series 2009 C, 4% 5/1/14 | 3,365 | | 3,387 |
Series 2011 B, 5% 5/1/14 | 3,000 | | 3,024 |
Series 2005 A, 0.07% 4/23/14 (Liquidity Facility Bank of New York, New York), CP | 14,500 | | 14,500 |
Series 2006 A, 0.09% 5/16/14 (Liquidity Facility Bank of New York, New York), CP | 20,000 | | 20,000 |
Series 2013 A, 0.1% 4/4/14 (Liquidity Facility Bank of New York, New York), CP | 16,700 | | 16,700 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Wisconsin - continued |
Wisconsin Health & Edl. Facilities Bonds Series 2013 B, 0.09%, tender 9/26/14 (c) | $ 13,185 | | $ 13,185 |
Wisconsin Health & Edl. Facilities Auth. Rev. Bonds (Hosp. Sisters Svcs., Inc. Proj.) Series 2012 J, 0.1% tender 3/5/14, CP mode | 9,600 | | 9,600 |
Wisconsin Trans. Rev.: | | | |
Bonds Series 1: | | | |
5% 7/1/14 | 3,385 | | 3,440 |
5.25% 7/1/14 | 1,823 | | 1,854 |
Series 1997 A: | | | |
0.1% 6/5/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 14,350 | | 14,350 |
0.13% 3/6/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 10,413 | | 10,413 |
Series 2006 A: | | | |
0.1% 6/5/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 6,836 | | 6,836 |
0.13% 3/6/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 5,100 | | 5,100 |
Series 2013 A: | | | |
0.13% 3/4/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 17,510 | | 17,510 |
0.13% 3/6/14 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 6,850 | | 6,850 |
| | 260,512 |
TOTAL OTHER MUNICIPAL DEBT (Cost $8,949,417) |
8,949,417
|
Investment Company - 10.2% |
| Shares | | Value (000s) |
Fidelity Municipal Cash Central Fund, 0.04% (d)(e) (Cost $3,016,422) | 3,016,422,134 | | $ 3,016,422 |
TOTAL INVESTMENT PORTFOLIO - 100.3% (Cost $29,638,197) | 29,638,197 |
NET OTHER ASSETS (LIABILITIES) - (0.3)% | (76,186) |
NET ASSETS - 100% | $ 29,562,011 |
Fidelity® Municipal Money Market Fund (the Fund) is a fund of Fidelity Union Street Trust II (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware statutory trust.
The Fund invests in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .01%.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
As permitted by compliance with certain conditions under Rule 2a-7 of the 1940 Act, securities are valued at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter amortizing any discount or premium from its face value at a constant rate until maturity. Securities held by a money market fund are generally high quality and liquid; however, they are reflected as Level 2 because the inputs used to determine fair value are not quoted prices in an active market.
Dividends are declared and recorded daily and paid monthly from net investment income. Distributions from realized gains, if any, are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.
Book-tax differences are primarily due to deferred trustee compensation.
The Fund purchases municipal securities whose interest, in the opinion of the issuer, is free from federal income tax. There is no assurance that the IRS will agree with this opinion. In the event the IRS determines that the issuer does not comply with relevant tax requirements, interest payments from a security could become federally taxable, possibly retroactively to the date the security was issued.
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:
Citibank also has a sub-arrangement with Fidelity Service Company, Inc. (FSC), an affiliate of the investment adviser, under which FSC maintains the Fund's accounting records. The fee is paid to Citibank and is based on the level of average net assets for each month.
The investment adviser or its affiliates voluntarily agreed to waive certain fees in order to maintain a minimum annualized yield of .01%. Such arrangements may be discontinued by the investment adviser at any time. For the period, the amount of the waiver was $45,846.
In addition, through arrangements with the Fund's custodian, credits realized as a result of uninvested cash balances were used to reduce the Fund's expenses. During the period, these credits reduced the Fund's custody expenses by $14.
The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.
Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract with Fidelity Management & Research Company (FMR) and the sub-advisory agreements (together, the Advisory Contracts) for the fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.
The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of the fund's Advisory Contracts, including the services and support provided to the fund and its shareholders. The Board has established four standing committees, Operations, Audit, Fair Valuation, and Governance and Nominating, each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Operations Committee, of which all of the Independent Trustees are members, meets regularly throughout the year and, among other matters, considers matters specifically related to the annual consideration of the renewal of the fund's Advisory Contracts. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of the fund's Advisory Contracts. The Board also meets as needed to consider matters specifically related to the Board's annual consideration of the renewal of Advisory Contracts. Members of the Board may also meet with trustees of other Fidelity funds through ad hoc joint committees to discuss certain matters relevant to the Fidelity funds.
At its September 2013 meeting, the Board, including the Independent Trustees, unanimously determined to renew the fund's Advisory Contracts. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services to be provided to the fund and its shareholders (including the investment performance of the fund); (ii) the competitiveness of the fund's management fee and total expense ratio relative to peer funds; (iii) the total costs of the services to be provided by and the profits to be realized by Fidelity from its relationship with the fund; (iv) the extent to which economies of scale exist and would be realized as the fund grows; and (v) whether fee levels reflect these economies of scale, if any, for the benefit of fund shareholders.
In considering whether to renew the Advisory Contracts for the fund, the Board reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of the fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable. The Board's decision to renew the Advisory Contracts was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at its meetings throughout the year. The Board, in reaching its determination to renew the Advisory Contracts, was aware that shareholders in the fund have a broad range of investment choices available to them, including a wide choice among mutual funds offered by Fidelity's competitors, and that the fund's shareholders, who have the opportunity to review and weigh the disclosure provided by the fund in its prospectus and other public disclosures, have chosen to invest in this fund, which is part of the Fidelity family of funds.
The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value or convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.
The Board took into account discussions with the Investment Advisers about fund investment performance that occur at Board meetings throughout the year. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board periodically considers annualized return information for the fund for different time periods, measured against a peer group of mutual funds with similar objectives ("peer group"). In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and the Investment Advisers' explanations for such underperformance.
In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on gross performance (before fees and expenses but after transaction costs) compared to appropriate peer groups, over appropriate time periods that may include full market cycles, taking into account relevant factors including the following: general market conditions; expectations for interest rate levels and credit conditions; issuer-specific information including credit quality; tactical opportunities for investment; the fund's market value NAV over time and its resilience under various stressed conditions; and fund cash flows and other factors.
The Board recognizes that in interest rate environments where many competitors waive fees to maintain a minimum yield, relative money market fund performance on a net basis (after fees and expenses) may not be particularly meaningful due to miniscule performance differences among competitor funds. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its peer group for certain periods.
The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for the fund and an appropriate peer group for the most recent one-, three-, and five-year periods.
Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should benefit the fund's shareholders.
The Board noted that the fund's management fee rate ranked below the median of its Total Mapped Group and below the median of its ASPG for 2012.
Based on its review, the Board concluded that the fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.
The Board noted that the fund's total expense ratio ranked below its competitive median for 2012. The Board considered that Fidelity has been voluntarily waiving part or all of the transfer agent fees and/or management fees to maintain a minimum yield, and also noted that Fidelity retains the ability to be repaid in certain circumstances.
Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that the fund's total expense ratio was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.
PricewaterhouseCoopers LLP (PwC), independent registered public accounting firm and auditor to Fidelity and certain Fidelity funds, has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. PwC's engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures surrounding the mathematical accuracy of fund profitability and its conformity to allocation methodologies. After considering PwC's reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.
The Board also reviewed Fidelity's non-fund businesses and fall-out benefits related to the mutual fund business as well as cases where Fidelity's affiliates may benefit from or be related to the fund's business.
The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of the fund and was satisfied that the profitability was not excessive in the circumstances.
The Board recognized that the fund's management contract incorporates a "group fee" structure, which provides for lower group fee rates as total fund assets under FMR's management increase, and for higher group fee rates as total fund assets under FMR's management decrease. FMR calculates the group fee rates based on a tiered asset "breakpoint" schedule that varies based on asset class. The Board considered that the group fee is designed to deliver the benefits of economies of scale to fund shareholders when total Fidelity fund assets increase, even if assets of any particular fund are unchanged or have declined, because some portion of Fidelity's costs are attributable to services provided to all Fidelity funds, and all funds benefit if those costs can be allocated among more assets. The Board concluded that, given the group fee structure, fund shareholders will benefit from lower management fees as assets under FMR's management increase at the fund complex level, regardless of whether Fidelity achieves any such economies of scale.
The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.
Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board ultimately concluded that the advisory fee structures are fair and reasonable, and that the fund's Advisory Contracts should be renewed.
Item 2. Code of Ethics
Not applicable.
Item 3. Audit Committee Financial Expert
Not applicable.
Item 4. Principal Accountant Fees and Services
Not applicable.
Item 5. Audit Committee of Listed Registrants
Not applicable.
Item 6. Investments
(a) Not applicable.
Not applicable.
Not applicable.
Item 9. Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Union Street Trust II's Board of Trustees.
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Union Street Trust II's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
