Scott C. Goebel, Secretary
82 Devonshire 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 (March 1, 2012 to August 31, 2012).
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 by 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 August 31, 2012, the most recent period shown in the table, would have been -0.24%.
Variable Rate Demand Note - 55.9% |
| Principal Amount (000s) | | Value
(000s) |
Alabama - 0.2% |
Alabama Pub. School & College Auth. Rev. Participating VRDN Series MT 719, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (b)(e) | $ 2,000 | | $ 2,000 |
Alaska - 0.8% |
Valdez Marine Term. Rev.: | | | |
(ConocoPhillips Proj.) Series 1994 A, 0.2% 9/7/12 (ConocoPhillips Guaranteed), VRDN (b) | 2,400 | | 2,400 |
(Phillips Trans. Alaska, Inc. Proj.) Series 1994 B, 0.2% 9/7/12 (ConocoPhillips Guaranteed), VRDN (b) | 6,600 | | 6,600 |
| | 9,000 |
Arizona - 3.1% |
Chandler Gen. Oblig. Participating VRDN Series GS 07 49TP, 0.17% 9/7/12 (Liquidity Facility Wells Fargo & Co.) (b)(e) | 10,695 | | 10,695 |
Glendale Indl. Dev. Auth. (Midwestern Univ. Proj.) Series 2008, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (b) | 1,200 | | 1,200 |
Maricopa County Indl. Dev. Auth. Rev. (Valley of the Sun YMCA Proj.) Series 2008, 0.19% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (b) | 1,300 | | 1,300 |
Phoenix Indl. Dev. Auth. Multi-family Hsg. Rev. (Del Mar Terrace Apts. Proj.) Series 1999 A, 0.2% 9/7/12, LOC Freddie Mac, VRDN (b) | 10,500 | | 10,500 |
Salt River Proj. Agricultural Impt. & Pwr. District Elec. Sys. Rev. Participating VRDN: | | | |
Series Putters 3467, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 2,115 | | 2,115 |
Series Putters 3708Z, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 5,875 | | 5,875 |
Tempe Indl. Dev. Auth. Rev. (ASUF Brickyard Proj.) Series 2004 A, 0.21% 9/7/12, LOC Bank of America NA, VRDN (b) | 3,500 | | 3,500 |
| | 35,185 |
California - 2.1% |
Bay Area Toll Auth. San Francisco Bay Toll Bridge Rev. Participating VRDN Series ROC II R 11453, 0.18% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | 1,800 | | 1,800 |
California Gen. Oblig.: | | | |
Participating VRDN Series Putters 4265, 0.21% 9/4/12 (Liquidity Facility JPMorgan Chase & Co.) (b)(e) | 6,100 | | 6,100 |
Series 2005 B1, 0.18% 9/7/12, LOC Bank of America NA, VRDN (b) | 4,600 | | 4,600 |
El Dorado Irrigation District Rev. Ctfs. of Prtn. Series 2008 A, 0.18% 9/7/12, LOC Citibank NA, VRDN (b) | 2,550 | | 2,550 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value
(000s) |
California - continued |
Metropolitan Wtr. District of Southern California Wtrwks. Rev. Participating VRDN Series MT 774, 0.24% 9/7/12 (Liquidity Facility Bank of America NA) (b)(e) | $ 1,000 | | $ 1,000 |
Northern California Pwr. Agcy. Rev. (Hydroelectric #1 Proj.) Series 2008 A, 0.18% 9/7/12, LOC Citibank NA, VRDN (b) | 2,600 | | 2,600 |
Riverside Ctfs. of Prtn. (Riverside Renaissance Proj.) Series 2008, 0.19% 9/7/12, LOC Bank of America NA, VRDN (b) | 2,800 | | 2,800 |
Riverside Elec. Rev. Series 2008 C, 0.18% 9/7/12, LOC Bank of America NA, VRDN (b) | 1,000 | | 1,000 |
Santa Clara County Fing. Auth. Lease Rev. (Multiple Facilities Proj.) Series 2008 M, 0.22% 9/7/12, LOC Bank of America NA, VRDN (b) | 1,595 | | 1,595 |
| | 24,045 |
Colorado - 2.7% |
Colorado Edl. & Cultural Facilities Auth. Rev. (Clyfford Still Museum Proj.) Series 2008, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (b) | 600 | | 600 |
Colorado Health Facilities Auth. Rev. Participating VRDN: | | | |
Series BA 08 1090, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (b)(e) | 5,375 | | 5,375 |
Series Putters 2999, 0.2% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 6,245 | | 6,245 |
Colorado Reg'l. Trans. District Sales Tax Rev. Participating VRDN: | | | |
Series BC 11 118B, 0.19% 9/7/12 (Liquidity Facility Barclays Bank PLC) (b)(e) | 2,780 | | 2,780 |
Series EGL 07 0040, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | 3,700 | | 3,700 |
Denver Urban Renewal Auth. Tax Increment Rev. Series 2008 A1, 0.18% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (b) | 3,705 | | 3,705 |
Mesa County Econ. Dev. Rev. (Leitner-Poma of America, Inc. Proj.) Series 2009, 0.27% 9/7/12, LOC Wells Fargo Bank NA, VRDN (b) | 7,405 | | 7,405 |
Moffat County Poll. Cont. Rev.: | | | |
(PacifiCorp Proj.) Series 1994, 0.19% 9/7/12, LOC Wells Fargo Bank NA, VRDN (b) | 500 | | 500 |
(Tri-State Generation and Transmission Assoc., Inc. Proj.) Series 2009, 0.2% 9/7/12, LOC Bank of America NA, VRDN (b) | 1,000 | | 1,000 |
| | 31,310 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value
(000s) |
Connecticut - 0.4% |
Connecticut Health & Edl. Facilities Auth. Rev. Participating VRDN Series EGL 7 05 3031, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | $ 4,300 | | $ 4,300 |
Delaware - 0.9% |
Delaware Econ. Dev. Auth. Rev. (Delmarva Pwr. & Lt. Co. Proj.) Series 1999 A, 0.44% 9/7/12, VRDN (b) | 5,900 | | 5,900 |
Wilmington Adjustable Rate Demand Rev. (Delaware Art Museum, Inc. Proj.) 0.18% 9/7/12, LOC Wells Fargo Bank NA, VRDN (b) | 4,200 | | 4,200 |
| | 10,100 |
District Of Columbia - 2.3% |
District of Columbia Gen. Oblig. Participating VRDN Series Putters 4026, 0.19% 9/4/12 (Liquidity Facility JPMorgan Chase & Co.) (b)(e) | 12,000 | | 12,000 |
District of Columbia Income Tax Rev. Participating VRDN Series Putters 3369, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 1,000 | | 1,000 |
District of Columbia Rev.: | | | |
(American Psychological Assoc. Proj.) Series 2003, 0.26% 9/7/12, LOC Bank of America NA, VRDN (b) | 1,095 | | 1,095 |
(The AARP Foundation Proj.) Series 2004, 0.19% 9/7/12, LOC Bank of America NA, VRDN (b) | 1,500 | | 1,500 |
(The Phillips Collection Issue Proj.) Series 2003, 0.43% 9/7/12, LOC Bank of America NA, VRDN (b) | 3,515 | | 3,515 |
(The Washington Ctr. for Internships and Academic Seminars Proj.) Series 2009, 0.16% 9/7/12, LOC Branch Banking & Trust Co., VRDN (b) | 4,900 | | 4,900 |
District of Columbia Univ. Rev. (American Univ. Proj.) Series 2006 B, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (b) | 1,000 | | 1,000 |
Metropolitan Washington DC Arpts. Auth. Sys. Rev. Series 2009 D1, 0.19% 9/7/12, LOC Bank of America NA, VRDN (b) | 1,600 | | 1,600 |
| | 26,610 |
Florida - 4.3% |
Broward County Fin. Auth. Multi-family Hsg. Rev. (Reflections Apts. Proj.) Series 1999, 0.18% 9/7/12, LOC Freddie Mac, VRDN (b) | 3,165 | | 3,165 |
Florida Gen. Oblig. Participating VRDN Series PZ 130, 0.19% 9/7/12 (Liquidity Facility Wells Fargo & Co.) (b)(e) | 3,440 | | 3,440 |
Florida Hsg. Fin. Corp. Multi-family Mtg. Rev.: | | | |
(Mariner's Cay Apts. Proj.) Series 2008 M, 0.18% 9/7/12, LOC Fannie Mae, VRDN (b) | 1,360 | | 1,360 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value
(000s) |
Florida - continued |
Florida Hsg. Fin. Corp. Multi-family Mtg. Rev.: - continued | | | |
(Victoria Park Apts. Proj.) Series 2002 J, 0.18% 9/7/12, LOC Fannie Mae, VRDN (b) | $ 1,100 | | $ 1,100 |
Jacksonville Hsg. Fin. Auth. Multi-family Hsg. Rev. (Augustine Apts. Proj.) 0.18% 9/7/12, LOC Fannie Mae, VRDN (b) | 2,650 | | 2,650 |
Orange County Indl. Dev. Auth. Indl. Dev. Rev. (Central Florida YMCA Proj.) Series 2002 A, 0.2% 9/7/12, LOC Bank of America NA, VRDN (b) | 1,300 | | 1,300 |
Palm Beach County Rev. (Saint Andrew's School of Boca Raton, Inc. Proj.) Series 2007, 0.21% 9/7/12, LOC Bank of America NA, VRDN (b) | 2,000 | | 2,000 |
Palm Beach County Wtr. & Swr. Rev. Participating VRDN Series Putters 2622, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 2,765 | | 2,765 |
Pasco County School Board Ctfs. of Prtn. Series 2008 C, 0.21% 9/7/12, LOC Bank of America NA, VRDN (b) | 5,100 | | 5,100 |
Pinellas County Health Facilities Auth. Rev.: | | | |
(BayCare Health Sys. Proj.) Series 2009 A3, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (b) | 9,875 | | 9,875 |
(Suncoast Hospice Proj.) Series 2004, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (b) | 1,505 | | 1,505 |
Pinellas County Hsg. Fin. Auth. (Booker Creek Apts. Proj.) Series 2009, 0.18% 9/7/12, LOC Freddie Mac, VRDN (b) | 5,000 | | 5,000 |
Tallahassee Energy Sys. Rev. Participating VRDN Series Putters 4204, 0.2% 9/4/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 1,000 | | 1,000 |
USF College of Medicine Health Facilities Series 2006 A1, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (b) | 2,500 | | 2,500 |
Volusia County Hsg. Fin. Auth. Multi-family Hsg. Rev. (Fisherman's Landing Apts. Proj.) 0.18% 9/7/12, LOC Fannie Mae, VRDN (b) | 1,050 | | 1,050 |
Winter Haven Util. Sys. Impt. & Rfdg. Rev. Participating VRDN Series Solar 06 54, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (b)(e) | 4,600 | | 4,600 |
| | 48,410 |
Georgia - 1.1% |
Fulton County Dev. Auth.: | | | |
(Mount Vernon Presbyterian School Proj.) Series 2005, 0.16% 9/7/12, LOC Branch Banking & Trust Co., VRDN (b) | 2,500 | | 2,500 |
(Pace Academy, Inc. Proj.) Series 2008, 0.22% 9/7/12, LOC Bank of America NA, VRDN (b) | 3,700 | | 3,700 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value
(000s) |
Georgia - continued |
Main Street Natural Gas, Inc. Georgia Gas Proj. Rev. Series 2010 A, 0.18% 9/7/12 (Liquidity Facility Royal Bank of Canada), VRDN (b) | $ 4,300 | | $ 4,300 |
Metropolitan Atlanta Rapid Transit Auth. Sales Tax Rev. Series 2000 B, 0.2% 9/7/12, LOC PNC Bank NA, VRDN (b) | 800 | | 800 |
Muni. Elec. Auth. of Georgia Series 1985 B, 0.16% 9/7/12, LOC Barclays Bank PLC, VRDN (b) | 1,500 | | 1,500 |
| | 12,800 |
Hawaii - 1.0% |
Hawaii Gen. Oblig. Participating VRDN Series ROC II R 11910, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | 3,885 | | 3,885 |
Hawaii State Hsg. Fin. & Dev. Corp. Rev. (Lokahi Kau Apts. Proj.) Series 2008, 0.17% 9/7/12, LOC Freddie Mac, VRDN (b) | 2,300 | | 2,300 |
Honolulu City & County Gen. Oblig. Participating VRDN Series Putters 3391, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 5,000 | | 5,000 |
| | 11,185 |
Idaho - 0.2% |
Idaho Health Facilities Auth. Rev. (St. Luke's Health Sys. Proj.) Series 2009 A, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (b) | 2,000 | | 2,000 |
Illinois - 5.7% |
Chicago Metropolitan Wtr. Reclamation District Greater Chicago Participating VRDN Series Solar 06 75, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (b)(e) | 3,200 | | 3,200 |
Chicago Wtr. Rev. Series 2004 A2, 0.19% 9/7/12, LOC California Pub. Employees Retirement Sys., VRDN (b) | 2,655 | | 2,655 |
DuPage County Rev. (Morton Arboretum Proj.) 0.2% 9/7/12, LOC Bank of America NA, VRDN (b) | 10,500 | | 10,500 |
Illinois Fin. Auth. Rev.: | | | |
(Chicago Historical Society Proj.) Series 2006, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (b) | 18,900 | | 18,900 |
(Edward Hosp. Obligated Group Proj.) Series 2009 A, 0.23% 9/7/12, LOC Bank of America NA, VRDN (b) | 1,200 | | 1,200 |
(Little Co. of Mary Hosp. Proj.) Series 2008 A, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (b) | 4,000 | | 4,000 |
(Museum of Science & Industry Proj.) Series 2009 C, 0.17% 9/7/12, LOC PNC Bank NA, VRDN (b) | 1,000 | | 1,000 |
Illinois Toll Hwy. Auth. Toll Hwy. Rev.: | | | |
Series 2007 A-2A, 0.19% 9/7/12, LOC Bank of Tokyo-Mitsubishi UFJ Ltd., VRDN (b) | 9,800 | | 9,800 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value
(000s) |
Illinois - continued |
Illinois Toll Hwy. Auth. Toll Hwy. Rev.: - continued | | | |
0.19% 9/7/12, LOC Citibank NA, VRDN (b) | $ 5,900 | | $ 5,900 |
Univ. of Illinois Rev. (UIC South Campus Dev. Proj.) Series 2008, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (b) | 7,200 | | 7,200 |
| | 64,355 |
Indiana - 0.8% |
Indiana Dev. Fin. Auth. Envir. Rev. Series 2005, 0.22% 9/7/12, LOC Royal Bank of Scotland PLC, VRDN (b) | 3,400 | | 3,400 |
Indiana Edl. Facilities Auth. Rev. (Earlham College Proj.) Series E, 0.18% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (b) | 3,525 | | 3,525 |
Indiana Fin. Auth. Health Sys. Rev. (Sisters of Saint Francis Health Svcs., Inc. Obligated Group Proj.) Series 2008 E, 0.18% 9/7/12, LOC Bank of America NA, VRDN (b) | 2,000 | | 2,000 |
| | 8,925 |
Iowa - 0.5% |
Iowa Fin. Auth. Poll. Cont. Facility Rev. (MidAmerican Energy Proj.) Series 2008 B, 0.18% 9/7/12, VRDN (b) | 5,900 | | 5,900 |
Louisiana - 0.4% |
Louisiana Pub. Facilities Auth. Rev. (Air Products & Chemicals, Inc. Proj.) Series 2004, 0.18% 9/7/12, VRDN (b) | 1,500 | | 1,500 |
St. James Parish Gen. Oblig. (NuStar Logistics LP Proj.): | | | |
Series 2010 B, 0.16% 9/7/12, LOC JPMorgan Chase Bank, VRDN (b) | 2,000 | | 2,000 |
Series 2010, 0.15% 9/7/12, LOC Mizuho Corporate Bank Ltd., VRDN (b) | 1,300 | | 1,300 |
| | 4,800 |
Maryland - 0.8% |
Baltimore County Econ. Dev. Rev. (The Bais Yaakov School for Girls Proj.) Series 2003, 0.43% 9/7/12, LOC Bank of America NA, VRDN (b) | 1,355 | | 1,355 |
Maryland Cmnty. Dev. Administration Multi-family Dev. Rev. (Avalon Lea Apt. Proj.) Series 1997, 0.22% 9/7/12, LOC Fannie Mae, VRDN (b) | 1,200 | | 1,200 |
Maryland Econ. Dev. Auth. Rev. (Associated Projs.) Series A, 0.2% 9/7/12, LOC Bank of America NA, VRDN (b) | 2,640 | | 2,640 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value
(000s) |
Maryland - continued |
Maryland Health & Higher Edl. Facilities Auth. Rev.: | | | |
(Anne Arundel Health Sys. Proj.) Series 2009 B, 0.23% 9/7/12, LOC Bank of America NA, VRDN (b) | $ 1,000 | | $ 1,000 |
(Mercy Med. Ctr. Proj.) Series 2007 D, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (b) | 3,100 | | 3,100 |
| | 9,295 |
Massachusetts - 0.6% |
Massachusetts Gen. Oblig. Participating VRDN Series Clipper 07 41, 0.2% 9/7/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (b)(e) | 2,500 | | 2,500 |
Massachusetts School Bldg. Auth. Dedicated Sales Tax Rev. Participating VRDN: | | | |
Series EGL 07 0031, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | 1,000 | | 1,000 |
Series Putters 2479Z, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 3,100 | | 3,100 |
| | 6,600 |
Michigan - 1.0% |
Michigan Fin. Auth. Rev. Participating VRDN: | | | |
Series ROC II R 11988, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | 3,000 | | 3,000 |
Series WF 11 111C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (b)(e) | 2,500 | | 2,500 |
Michigan Hosp. Fin. Auth. Rev. Participating VRDN Series ROC II R 11676, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | 1,300 | | 1,300 |
Waterford Econ. Dev. Corp. Ltd. Oblig. Rev. (Canterbury Health Care, Inc. Proj.) Series 2009, 0.17% 9/7/12, LOC Fed. Home Ln. Bank of Boston, VRDN (b) | 4,200 | | 4,200 |
| | 11,000 |
Minnesota - 0.6% |
Minnesota Gen. Oblig. Participating VRDN Series Putters 3844 Q, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 3,460 | | 3,460 |
Oak Park Heights Multi-family Rev. 0.15% 9/7/12, LOC Freddie Mac, VRDN (b) | 3,120 | | 3,120 |
| | 6,580 |
Mississippi - 0.7% |
Mississippi Bus. Fin. Corp. Indl. Dev. Rev. (New Process Steel, L.P. Proj.) Series 2010, 0.25% 9/7/12, LOC Bank of America NA, VRDN (b) | 8,500 | | 8,500 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value
(000s) |
Missouri - 1.0% |
Missouri Health & Edl. Facilities Auth. Edl. Facilities Rev. Participating VRDN Series EGL 07 0001, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | $ 8,000 | | $ 8,000 |
Missouri Health & Edl. Facilities Auth. Health Facilities Rev. (Cox Health Sys. Proj.) Series 2008 C, 0.21% 9/7/12, LOC Bank of America NA, VRDN (b) | 3,000 | | 3,000 |
| | 11,000 |
Nebraska - 0.9% |
Central Plains Energy Proj. Rev. (Nebraska Gas Proj.) Series 2009, 0.18% 9/7/12 (Liquidity Facility Royal Bank of Canada), VRDN (b) | 5,500 | | 5,500 |
Omaha Pub. Pwr. District Elec. Rev. Participating VRDN Series Putters 3700 Z, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 5,000 | | 5,000 |
| | 10,500 |
Nevada - 0.5% |
Clark County Arpt. Rev. Series 2008 D 2B, 0.17% 9/7/12, LOC Royal Bank of Canada, VRDN (b) | 1,200 | | 1,200 |
Clark County Fuel Tax Participating VRDN Series ROC II R 11507, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | 2,800 | | 2,800 |
Clark County McCarran Int'l. Arpt. Passenger Facility Charge Rev. Series 2010 F2, 0.17% 9/7/12, LOC Union Bank of California, VRDN (b) | 1,500 | | 1,500 |
| | 5,500 |
New Mexico - 1.0% |
New Mexico Muni. Energy Acquisition Auth. Gas Supply Rev. Series 2009, 0.18% 9/7/12 (Liquidity Facility Royal Bank of Canada), VRDN (b) | 11,785 | | 11,785 |
New York - 2.0% |
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev. Participating VRDN Series Putters 2559, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 1,775 | | 1,775 |
New York Dorm. Auth. Revs. Participating VRDN: | | | |
Series EGL 06 47 Class A, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | 4,500 | | 4,500 |
Series EGL 07 0003, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | 15,000 | | 15,000 |
New York Hsg. Fin. Agcy. Rev. (330 West 39th Street Hsg. Proj.) Series 2010 A, 0.27% 9/7/12, LOC Bank of America NA, VRDN (b) | 1,100 | | 1,100 |
| | 22,375 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value
(000s) |
New York & New Jersey - 0.3% |
Port Auth. of New York & New Jersey Participating VRDN Series ROC II R 14020, 0.18% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | $ 3,000 | | $ 3,000 |
North Carolina - 1.6% |
North Carolina Cap. Facilities Fin. Agcy. Rev. Participating VRDN: | | | |
Series EGL 06 0139, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | 1,000 | | 1,000 |
Series Putters 3649, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 3,000 | | 3,000 |
North Carolina Edl. Facilities Fin. Agcy. Rev. (Queens College Proj.) Series 1999 B, 0.17% 9/7/12, LOC Bank of America NA, VRDN (b) | 1,000 | | 1,000 |
North Carolina Med. Care Commission Health Care Facilities Rev.: | | | |
(Univ. Health Systems of Eastern Carolina) Series 2008 A1, 0.23% 9/7/12, LOC Bank of America NA, VRDN (b) | 1,925 | | 1,925 |
(WakeMed Proj.) Series 2009 B, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (b) | 1,200 | | 1,200 |
Raleigh Combined Enterprise Sys. Rev. Participating VRDN Series EGL 07 0010, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | 9,900 | | 9,900 |
| | 18,025 |
Ohio - 1.2% |
Columbus Gen. Oblig. Participating VRDN Series Putters 2365, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 4,360 | | 4,360 |
Hamilton County Hosp. Facilities Rev. (Children's Hosp. Med. Ctr. Proj.) Series 2000, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (b) | 5,100 | | 5,100 |
Ohio Hosp. Facilities Rev. Participating VRDN Series Putters 3558, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 4,330 | | 4,330 |
| | 13,790 |
Oklahoma - 0.1% |
RBC Muni. Products, Inc. Trust Participating VRDN Series RBC E 40, 0.17% 9/7/12 (Liquidity Facility Royal Bank of Canada) (a)(b)(e) | 700 | | 700 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value
(000s) |
Oregon - 0.3% |
Oregon Gen. Oblig. Participating VRDN Series WF11 57 C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (b)(e) | $ 1,045 | | $ 1,045 |
Oregon Health and Science Univ. Spl. Rev. Series 2012 B1, 0.16% 9/7/12, LOC Union Bank of California, VRDN (b) | 3,025 | | 3,025 |
| | 4,070 |
Pennsylvania - 2.9% |
Allegheny County Hosp. Dev. Auth. Rev. (Children's Institute Pittsburgh Proj.) Series 2005 B, 0.17% 9/7/12, LOC PNC Bank NA, VRDN (b) | 1,000 | | 1,000 |
Allegheny County Indl. Dev. Auth. Rev. (The Watson Institute Friendship Academy Proj.) Series 2010, 0.17% 9/7/12, LOC PNC Bank NA, VRDN (b) | 3,750 | | 3,750 |
Butler County Gen. Auth. Rev. (Erie School District Proj.) Series 2011, 0.17% 9/7/12, LOC PNC Bank NA, VRDN (b) | 1,200 | | 1,200 |
Crawford County Indl. Dev. Auth. College Rev. (Allegheny College Proj.) Series 2009 B, 0.17% 9/7/12, LOC PNC Bank NA, VRDN (b) | 2,000 | | 2,000 |
Lancaster Indl. Dev. Auth. Rev. (United Zion Retirement Cmnty. Proj.) 0.35% 9/7/12, LOC Citizens Bank of Pennsylvania, VRDN (b) | 3,975 | | 3,975 |
Montgomery County Higher Ed. & Health Auth. Rev. (William Penn Charter School Proj.) Series 2001, 0.17% 9/7/12, LOC PNC Bank NA, VRDN (b) | 3,500 | | 3,500 |
Montgomery County Redev. Auth. Multi-family Hsg. Rev. (Forge Gate Apts. Proj.) Series 2001 A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (b) | 4,990 | | 4,990 |
Pennsylvania Econ. Dev. Fing. Auth. Indl. Dev. Rev. Series 2004 E1, 0.17% 9/7/12, LOC PNC Bank NA, VRDN (b) | 3,325 | | 3,325 |
Pennsylvania Gen. Oblig. Participating VRDN Series Putters 4014, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 3,500 | | 3,500 |
Philadelphia Auth. for Indl. Dev. Rev. (The Franklin Institute Proj.) Series 2006, 0.21% 9/7/12, LOC Bank of America NA, VRDN (b) | 2,895 | | 2,895 |
Somerset County Gen. Oblig. Series 2009 A, 0.17% 9/7/12, LOC PNC Bank NA, VRDN (b) | 3,450 | | 3,450 |
| | 33,585 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value
(000s) |
Rhode Island - 0.8% |
Rhode Island Health and Edl. Bldg. Corp. Higher Ed. Facility Rev.: | | | |
(Roger Williams Univ. Proj.) Series 2008 B, 0.19% 9/7/12, LOC Bank of America NA, VRDN (b) | $ 9,200 | | $ 9,200 |
Participating VRDN Series Putters 3517, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 5 | | 5 |
| | 9,205 |
South Carolina - 1.5% |
Columbia Wtrwks. & Swr. Rev. Participating VRDN Series BC 10 42W, 0.19% 9/7/12 (Liquidity Facility Barclays Bank PLC) (b)(e) | 2,000 | | 2,000 |
South Carolina Edl. Facilities Auth. for Private Nonprofit Institutions of Higher Learning Edl. Facilities Rev. (Claflin Univ. Proj.) 0.2% 9/7/12, LOC Bank of America NA, VRDN (b) | 6,831 | | 6,831 |
South Carolina Gen. Oblig. Participating VRDN Series ROC II R 692W, 0.17% 9/7/12 (Liquidity Facility Wells Fargo & Co.) (b)(e) | 1,400 | | 1,400 |
South Carolina Jobs-Econ. Dev. Auth. Econ. Dev. Rev.: | | | |
(Carolina Piedmont Foundation Proj.) 0.24% 9/7/12, LOC Bank of America NA, VRDN (b) | 3,500 | | 3,500 |
(Institute for Bus. and Home Safety Proj.) Series 2009, 0.16% 9/7/12, LOC Branch Banking & Trust Co., VRDN (b) | 3,000 | | 3,000 |
| | 16,731 |
Tennessee - 2.7% |
Blount County Pub. Bldg. Auth. (Local Govt. Pub. Impt. Proj.) Series 2008 E1A, 0.16% 9/7/12, LOC Branch Banking & Trust Co., VRDN (b) | 5,600 | | 5,600 |
Clarksville Pub. Bldg. Auth. Rev. (Tennessee Muni. Bond Fund Proj.): | | | |
Series 1994, 0.33% 9/7/12, LOC Bank of America NA, VRDN (b) | 3,700 | | 3,700 |
Series 2003, 0.25% 9/4/12, LOC Bank of America NA, VRDN (b) | 900 | | 900 |
Series 2004, 0.25% 9/4/12, LOC Bank of America NA, VRDN (b) | 1,650 | | 1,650 |
Series 2005, 0.25% 9/4/12, LOC Bank of America NA, VRDN (b) | 2,480 | | 2,480 |
Series 2008, 0.25% 9/4/12, LOC Bank of America NA, VRDN (b) | 3,900 | | 3,900 |
Metropolitan Govt. Nashville & Davidson County Indl. Dev. Board Rev. (Nashville Symphony Hall Proj.) Series 2004, 0.2% 9/7/12, LOC Bank of America NA, VRDN (b) | 3,600 | | 3,600 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value
(000s) |
Tennessee - continued |
Montgomery County Pub. Bldg. Auth. Pooled Fing. Rev. (Tennessee County Ln. Pool Prog.) Series 1999, 0.3% 9/7/12, LOC Bank of America NA, VRDN (b) | $ 5,500 | | $ 5,500 |
Nashville and Davidson County Metropolitan Govt. Gen. Oblig. Participating VRDN Series Clipper 06 4, 0.2% 9/7/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (b)(e) | 1,500 | | 1,500 |
Shelby County Health Edl. & Hsg. Facilities Board Rev. (Trezevant Manor Proj.) Series A, 0.26% 9/7/12, LOC Bank of America NA, VRDN (b) | 1,400 | | 1,400 |
| | 30,230 |
Texas - 3.3% |
Fort Bend County Indl. Dev. Corp. (NRG Energy, Inc. Proj.) Series 2012, 0.25% 9/7/12, LOC Bank of America NA, VRDN (b) | 1,000 | | 1,000 |
Fort Bend Independent School District Participating VRDN Series PZ 124, 0.19% 9/7/12 (Liquidity Facility Wells Fargo & Co.) (b)(e) | 10,225 | | 10,225 |
Harris County Health Facilities Dev. Corp. Hosp. Rev. (Baylor College of Medicine Proj.) Series 2007 B, 0.18% 9/4/12, LOC JPMorgan Chase Bank, VRDN (b) | 1,550 | | 1,550 |
North East Texas Independent School District Participating VRDN Series Putters 2355, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 4,460 | | 4,460 |
San Antonio Elec. & Gas Sys. Rev. Participating VRDN Series Putters 3344, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 3,215 | | 3,215 |
Spring Branch Independent School District Participating VRDN Series Putters 3377, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 1,495 | | 1,495 |
Texas A&M Univ. Rev. Participating VRDN Series BC 10 39W, 0.19% 9/7/12 (Liquidity Facility Barclays Bank PLC) (b)(e) | 1,500 | | 1,500 |
Texas Dept. of Hsg. & Cmnty. Affairs Multi-family Hsg. Rev. Series 2003, 0.18% 9/7/12, LOC Freddie Mac, VRDN (b) | 1,300 | | 1,300 |
Univ. of Texas Board of Regents Sys. Rev. Participating VRDN Series WF 11 13C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (b)(e) | 12,900 | | 12,900 |
| | 37,645 |
Utah - 0.2% |
Utah Transit Auth. Sales Tax Rev. Participating VRDN Series ROC II R 11922, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | 2,000 | | 2,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value
(000s) |
Virginia - 2.9% |
Albemarle County Indl. Dev. Auth. 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (b) | $ 3,380 | | $ 3,380 |
Fairfax County Indl. Dev. Auth. Participating VRDN Series Putters 4254, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 2,830 | | 2,830 |
Richmond Pub. Util. Rev. Participating VRDN Series ROC II R 10410, 0.19% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | 3,930 | | 3,930 |
Univ. of Virginia Gen. Rev. Participating VRDN Series EGL 06 17 Class A, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | 17,200 | | 17,200 |
Virginia College Bldg. Auth. Edl. Facilities Rev. Participating VRDN Series PZ 161, 0.19% 9/7/12 (Liquidity Facility Wells Fargo & Co.) (b)(e) | 3,860 | | 3,860 |
Virginia Small Bus. Fing. Auth. (Children's Hosp. of The King's Daughters, Inc. Proj.) Series 2006, 0.23% 9/7/12, LOC Bank of America NA, VRDN (b) | 1,900 | | 1,900 |
| | 33,100 |
Washington - 1.6% |
Central Puget Sound Reg'l. Trans. Auth. Sales & Use Tax Rev. Participating VRDN Series Putters 2866, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e) | 1,000 | | 1,000 |
King County Gen. Oblig. Participating VRDN Series MT 789, 0.24% 9/7/12 (Liquidity Facility Bank of America NA) (b)(e) | 3,210 | | 3,210 |
King County Swr. Rev. Participating VRDN Series ROC II R 11962, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | 1,600 | | 1,600 |
Vancouver Hsg. Auth. Rev. Series 2008, 0.17% 9/7/12, LOC Freddie Mac, VRDN (b) | 4,200 | | 4,200 |
Washington Gen. Oblig. Participating VRDN Series ROC II R 11889, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (b)(e) | 3,250 | | 3,250 |
Washington Health Care Facilities Auth. Rev.: | | | |
(Southwest Washington Med. Ctr.) Series 2008 A, 0.19% 9/7/12, LOC Union Bank of California, VRDN (b) | 2,000 | | 2,000 |
Participating VRDN Series Putters 4728, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (b)(e) | 600 | | 600 |
Washington Hsg. Fin. Commission Nonprofit Rev. (United Way King County Proj.) 0.26% 9/7/12, LOC Bank of America NA, VRDN (b) | 2,540 | | 2,540 |
| | 18,400 |
West Virginia - 0.2% |
West Virginia Hosp. Fin. Auth. Hosp. Rev. (West Virginia United Health Sys. Proj.) Series 2009 B, 0.16% 9/7/12, LOC Branch Banking & Trust Co., VRDN (b) | 2,600 | | 2,600 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value
(000s) |
Wisconsin - 0.7% |
Wisconsin Ctr. District Tax Rev. Series 2001 A, 0.18% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (b) | $ 7,900 | | $ 7,900 |
TOTAL VARIABLE RATE DEMAND NOTE | 635,041 |
Other Municipal Debt - 29.5% |
| | | |
Arizona - 0.4% |
Phoenix Civic Impt. Corp. Wastewtr. Sys. Rev.: | | | |
Series 2012 A, 0.19% 12/6/12, LOC Royal Bank of Canada, CP | 2,000 | | 2,000 |
Series 2012 B, 0.15% 9/4/12, LOC Wells Fargo Bank NA, CP | 2,400 | | 2,400 |
| | 4,400 |
California - 1.7% |
California Edl. Facilities Auth. Rev. Bonds (Stanford Univ. Proj.) Series S3, 0.21% tender 3/28/13, CP mode | 1,600 | | 1,600 |
California Gen. Oblig. RAN: | | | |
Series A2, 2.5% 6/20/13 | 1,500 | | 1,525 |
2.5% 5/30/13 | 5,000 | | 5,080 |
Fresno County Gen. Oblig. TRAN 2% 6/28/13 | 1,000 | | 1,015 |
Riverside County Gen. Oblig. TRAN: | | | |
Series 2012 A, 2% 3/29/13 | 2,500 | | 2,526 |
Series 2012 B, 2% 6/28/13 | 1,100 | | 1,116 |
San Bernardino County Gen. Oblig. TRAN 2% 6/28/13 | 1,000 | | 1,015 |
San Diego County Wtr. Auth. Wtr. Rev. Bonds Series WF 08 29C, 0.26%, tender 2/14/13 (Liquidity Facility Wells Fargo & Co.) (b)(e)(f) | 1,100 | | 1,100 |
San Francisco County Trans. Auth. Series 2004 A, 0.18% 11/5/12, LOC Wells Fargo Bank NA, CP | 4,000 | | 4,000 |
| | 18,977 |
Connecticut - 0.4% |
Connecticut Dev. Auth. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.) Series 1999, 0.4% tender 9/24/12, CP mode | 1,700 | | 1,700 |
Connecticut Gen. Oblig. Bonds Series 2007 E, 5% 3/15/13 | 2,000 | | 2,051 |
Connecticut Spl. Tax Oblig. Trans. Infrastructure Rev. Bonds Series 2010 C, 2% 11/1/12 | 1,175 | | 1,179 |
| | 4,930 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value
(000s) |
District Of Columbia - 0.2% |
Metropolitan Washington Arpts. Auth. Dulles Toll Road Rev. Series 1, 0.2% 11/8/12, LOC JPMorgan Chase Bank, CP | $ 1,900 | | $ 1,900 |
Florida - 1.7% |
Florida Board of Ed. Bonds Series 2009 A, 4% 1/1/13 | 1,000 | | 1,012 |
Hillsborough County Cap. Impt. Prog. Rev. Series A, 0.19% 10/11/12, LOC State Street Bank & Trust Co., Boston, CP | 3,500 | | 3,500 |
Jacksonville Poll. Cont. Rev. Bonds (Florida Pwr. & Lt. Co. Proj.): | | | |
Series 1992, 0.21% tender 9/18/12, CP mode | 1,800 | | 1,800 |
Series 1994, 0.21% tender 9/18/12, CP mode | 5,545 | | 5,545 |
Manatee County School District TAN Series 2012, 2% 5/1/13 | 1,700 | | 1,720 |
Miami-Dade County School District TAN Series 2012, 2.5% 2/28/13 | 4,400 | | 4,449 |
Orlando & Orange County Expressway Auth. Rev. Bonds Series 2003 A, 5% 7/1/13 | 500 | | 519 |
Tampa Health Sys. Rev. Bonds Series 2012 B, 0.27%, tender 3/29/13 (b) | 1,000 | | 1,000 |
| | 19,545 |
Georgia - 0.1% |
Georgia Gen. Oblig. Bonds Series 2009 G, 4% 11/1/12 | 1,500 | | 1,510 |
Hawaii - 0.6% |
Hawaii Gen. Oblig. Bonds Series 2002 CY, 5.75% 2/1/13 | 6,695 | | 6,850 |
Idaho - 0.7% |
Idaho Gen. Oblig. TAN Series 2012, 2% 6/28/13 | 7,400 | | 7,509 |
Indiana - 0.2% |
Indiana Fin. Auth. Rev. Bonds (Trinity Health Sys. Proj.) Series D2, 0.18% tender 11/15/12, CP mode | 1,000 | | 1,000 |
Indianapolis Gas Util. Sys. Rev. Series 2001 A2, 0.2% 11/7/12, LOC JPMorgan Chase Bank, CP | 900 | | 900 |
| | 1,900 |
Kansas - 0.0% |
Kansas Dept. of Trans. Hwy. Rev. Bonds Series 2012 A1, 0.2% 9/1/13 (b) | 500 | | 500 |
Kentucky - 0.2% |
Jefferson County Poll. Cont. Rev. Bonds (Louisville Gas & Elec. Co. Proj.) Series 2001 A, 0.34% tender 9/18/12, CP mode | 600 | | 600 |
Trimble County Poll. Cont. Rev. Bonds Series 2001 A, 0.35% tender 10/4/12, CP mode | 1,200 | | 1,200 |
| | 1,800 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value
(000s) |
Maryland - 1.7% |
Baltimore County Gen. Oblig.: | | | |
Series 2011 Q: | | | |
0.18% 10/15/12 (Liquidity Facility Mizuho Corporate Bank Ltd.), CP | $ 3,800 | | $ 3,800 |
0.19% 11/13/12 (Liquidity Facility Mizuho Corporate Bank Ltd.), CP | 2,500 | | 2,500 |
Series 2011, 0.15% 9/10/12 (Liquidity Facility Mizuho Corporate Bank Ltd.), CP | 960 | | 960 |
Maryland Dept. of Trans. Consolidated Trans. Rev. Bonds Series 2007, 5% 3/1/13 | 4,950 | | 5,068 |
Maryland Gen. Oblig. Bonds First Series C, 5% 3/1/13 | 1,000 | | 1,024 |
Maryland Trans. Auth. Grant Rev. Bonds Series 2008, 5% 3/1/13 | 4,600 | | 4,709 |
Univ. of Maryland Sys. Auxiliary Facility & Tuition Rev. Bonds Series 2009 A, 5% 4/1/13 | 1,570 | | 1,613 |
| | 19,674 |
Massachusetts - 0.2% |
Massachusetts Indl. Fin. Agcy. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.): | | | |
Series 1992, 0.45% tender 9/6/12, CP mode | 1,700 | | 1,700 |
Series 1993 A, 0.42% tender 9/7/12, CP mode | 800 | | 800 |
| | 2,500 |
Michigan - 0.4% |
Michigan Bldg. Auth. Rev. Series 6, 0.22% 9/27/12, LOC State Street Bank & Trust Co., Boston, LOC U.S. Bank NA, Cincinnati, CP | 2,600 | | 2,600 |
Michigan Hosp. Fin. Auth. Rev. Bonds (Trinity Health Sys. Proj.) Series 2008 C, 0.18% tender 10/9/12, CP mode | 2,185 | | 2,185 |
| | 4,785 |
Minnesota - 0.3% |
Univ. of Minnesota Gen. Oblig. Series 2007 C, 0.18% 12/5/12, CP | 500 | | 500 |
Univ. of Minnesota Univ. Revs. Series 2005 A, 0.18% 10/9/12, CP | 3,150 | | 3,150 |
| | 3,650 |
Missouri - 0.3% |
Missouri Gen. Oblig. Bonds Series 2002 B, 5% 10/1/12 | 2,500 | | 2,510 |
Saint Louis Gen. Fund Rev. TRAN Series 2012, 2% 5/30/13 | 1,000 | | 1,013 |
| | 3,523 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value
(000s) |
Nebraska - 0.8% |
Omaha Pub. Pwr. District Elec. Rev. Series 2012 A: | | | |
0.18% 9/6/12, CP | $ 4,500 | | $ 4,500 |
0.18% 9/19/12, CP | 2,000 | | 2,000 |
0.19% 10/1/12, CP | 2,100 | | 2,100 |
| | 8,600 |
New Hampshire - 0.2% |
New Hampshire Bus. Fin. Auth. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.) Series 1990 B, 0.5% tender 9/14/12, CP mode | 1,200 | | 1,200 |
New Hampshire Gen. Oblig. Bonds Series 2011 B, 3% 2/1/13 | 1,000 | | 1,012 |
| | 2,212 |
New York - 1.6% |
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev. Series 7, 0.22% 5/20/13, CP | 13,000 | | 13,000 |
New York Thruway Auth. Svc. Contract Rev. Bonds Series 2012 A, 2% 4/1/13 | 3,100 | | 3,133 |
Suffolk County Wtr. Auth. BAN Series 2012 A, 2% 1/15/13 | 1,600 | | 1,611 |
| | 17,744 |
North Carolina - 0.5% |
North Carolina Gen. Oblig. Bonds: | | | |
Series 2003 A, 5.25% 3/1/13 | 1,735 | | 1,778 |
Series 2009 A, 5% 3/1/13 | 3,500 | | 3,584 |
| | 5,362 |
Ohio - 1.6% |
Ohio Higher Edl. Facility Commission Rev. Bonds (The Cleveland Clinic Foundation Proj.) Series 2008 B6: | | | |
0.16% tender 9/13/12, CP mode | 9,200 | | 9,200 |
0.18% tender 12/6/12, CP mode | 5,000 | | 5,000 |
0.18% tender 12/6/12, CP mode | 3,000 | | 3,000 |
Univ. of Cincinnati Gen. Receipts BAN Series 2012 B, 2% 5/9/13 | 1,360 | | 1,376 |
| | 18,576 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value
(000s) |
Oklahoma - 0.4% |
Oklahoma City Wtr. Utils. Trust Wtr. and Swr. Rev. Series
2012 A: | | | |
0.19% 10/10/12, LOC State Street Bank & Trust Co., Boston, CP | $ 3,000 | | $ 3,000 |
0.19% 10/11/12, LOC State Street Bank & Trust Co., Boston, CP | 2,000 | | 2,000 |
| | 5,000 |
Oregon - 0.3% |
Clackamas County Hosp. Facility Auth. Bonds (Providence Health Sys. Proj.) Series 2003 D, 0.18% tender 11/15/12, CP mode | 4,000 | | 4,000 |
South Carolina - 1.1% |
Charleston County School District TAN Series 2012, 1% 4/1/13 | 2,400 | | 2,411 |
South Carolina Assoc. of Governmental Organizations Ctfs. of Prtn. Bonds Series 2012 A, 2% 3/1/13 (South Carolina Gen. Oblig. Guaranteed) | 2,810 | | 2,835 |
South Carolina Gen. Oblig. Bonds Series 2011 A, 5% 3/1/13 | 1,000 | | 1,024 |
York County Poll. Cont. Rev. Bonds (Duke Energy Corp. Proj.) 0.4% tender 9/4/12, CP mode | 5,700 | | 5,700 |
| | 11,970 |
Tennessee - 0.6% |
Knoxville Gen. Oblig. Bonds Series 2012, 1% 5/1/13 | 5,865 | | 5,896 |
Memphis Elec. Sys. Rev. Bonds Series 2003 A, 5% 12/1/12 | 1,000 | | 1,012 |
| | 6,908 |
Texas - 6.5% |
Dallas Independent School District Bonds Series 2009, 5% 2/15/13 | 2,310 | | 2,360 |
Harris County Gen. Oblig. TAN Series 2012, 1% 2/28/13 | 5,800 | | 5,823 |
Harris County Metropolitan Trans. Auth.: | | | |
Series A1: | | | |
0.19% 9/6/12 (Liquidity Facility JPMorgan Chase Bank), CP | 3,250 | | 3,250 |
0.2% 9/6/12 (Liquidity Facility JPMorgan Chase Bank), CP | 13,250 | | 13,250 |
Series A3, 0.2% 12/6/12 (Liquidity Facility State Street Bank & Trust Co., Boston), CP | 3,600 | | 3,600 |
Houston Gen. Oblig. Series A, 0.29% 10/1/12, LOC Union Bank of California, CP | 1,400 | | 1,400 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value
(000s) |
Texas - continued |
Lower Colorado River Auth. Rev.: | | | |
Bonds Series 2012: | | | |
5% 5/15/13 | $ 1,340 | | $ 1,384 |
5% 5/15/13 (Escrowed to Maturity) | 10 | | 10 |
0.19% 11/5/12, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 1,000 | | 1,000 |
0.19% 11/13/12, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 2,100 | | 2,100 |
Plano Independent School District Bonds Series 2010, 5% 2/15/13 (Permanent School Fund of Texas Guaranteed) | 2,000 | | 2,044 |
Round Rock Independent School District Bonds Series 2005, 5% 8/1/13 (Permanent School Fund of Texas Guaranteed) | 475 | | 495 |
San Antonio Elec. & Gas Sys. Rev. Series 2012 A, 0.22% 10/15/12, CP | 1,800 | | 1,800 |
San Antonio Wtr. Sys. Rev. Series 2001 A: | | | |
0.24% 9/6/12, CP | 5,800 | | 5,800 |
0.27% 10/3/12, CP | 1,000 | | 1,000 |
Texas A&M Univ. Rev. Series 1993 B: | | | |
0.18% 9/18/12, CP | 1,100 | | 1,100 |
0.18% 12/6/12, CP | 2,500 | | 2,500 |
Texas Gen. Oblig. TRAN 2.5% 8/30/13 | 24,000 | | 24,543 |
| | 73,459 |
Utah - 0.5% |
Intermountain Pwr. Agcy. Pwr. Supply Rev.: | | | |
Series 1997 B, 0.19% 10/4/12 (Liquidity Facility Bank of Nova Scotia), CP | 4,450 | | 4,450 |
Series 1997 B1, 0.19% 12/19/12 (Liquidity Facility Bank of Nova Scotia), CP | 1,300 | | 1,300 |
| | 5,750 |
Virginia - 1.6% |
Fairfax County Gen. Oblig. Bonds Series 2004 B, 5% 10/1/12 | 1,000 | | 1,004 |
Fairfax County Indl. Dev. Auth. Bonds (Inova Health Sys. Proj.) Series 2012 C, 0.25%, tender 3/29/13 (b) | 1,100 | | 1,100 |
Hampton Gen. Oblig. Bonds Series 2007, 4.25% 1/15/13 | 4,015 | | 4,076 |
Norfolk Econ. Dev. Health Care Facilities Bonds Series 2012 B, 1% 11/1/12 | 1,930 | | 1,933 |
Univ. of Virginia Gen. Rev. Series 2003 A, 0.17% 9/6/12, CP | 1,180 | | 1,180 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value
(000s) |
Virginia - continued |
Virginia College Bldg. Auth. Edl. Facilities Rev. Bonds Series 2009 A, 5% 2/1/13 | $ 2,000 | | $ 2,040 |
Virginia Commonwealth Trans. Board Bonds Series 2012 A, 3% 3/15/13 | 6,960 | | 7,064 |
| | 18,397 |
Washington - 0.5% |
Energy Northwest Elec. Rev. Bonds (#1 Proj.) Series 2003 A, 5.5% 7/1/13 | 1,330 | | 1,388 |
Seattle Muni. Lt. & Pwr. Rev. Bonds Series 2008, 5% 4/1/13 | 1,000 | | 1,027 |
Seattle Wtr. Sys. Rev. Bonds Series 2005, 5% 9/1/12 | 1,000 | | 1,000 |
Snohomish County Pub. Util. District #1 Bonds 5.25% 12/1/12 | 1,450 | | 1,468 |
Washington State Ctfs. Prtn. Bonds Series 2012 B, 3% 7/1/13 | 1,250 | | 1,276 |
| | 6,159 |
Wisconsin - 4.2% |
Milwaukee Gen. Oblig. Bonds Series 2012 N2, 3% 5/1/13 | 22,925 | | 23,353 |
Wisconsin Gen. Oblig.: | | | |
Bonds: | | | |
Series 1, 5.5% 5/1/13 | 1,000 | | 1,034 |
Series 2010 C, 5% 5/1/13 | 1,830 | | 1,888 |
Series 2005 A: | | | |
0.18% 11/8/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 5,200 | | 5,200 |
0.19% 12/18/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 2,500 | | 2,500 |
Series 2006 A, 0.18% 10/1/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 1,400 | | 1,400 |
Wisconsin Health & Edl. Facilities Auth. Rev. Bonds (Ministry Health Care Proj.) Series 2012 A, 0.19% tender 2/5/13, LOC U.S. Bank NA, Cincinnati, CP mode | 650 | | 650 |
Wisconsin Trans. Rev.: | | | |
Series 1997, 0.18% 11/8/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 3,125 | | 3,125 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value
(000s) |
Wisconsin - continued |
Wisconsin Trans. Rev.: - continued | | | |
Series 2006 A: | | | |
0.18% 11/8/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | $ 3,000 | | $ 3,000 |
0.2% 12/6/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 5,260 | | 5,260 |
| | 47,410 |
TOTAL OTHER MUNICIPAL DEBT | 335,500 |
Investment Company - 14.3% |
| Shares | | |
Fidelity Tax-Free Cash Central Fund, 0.17% (c)(d) | 162,498,900 | | 162,499 |
TOTAL INVESTMENT PORTFOLIO - 99.7% (Cost $1,133,040) | | 1,133,040 |
NET OTHER ASSETS (LIABILITIES) - 0.3% | | 3,321 |
NET ASSETS - 100% | $ 1,136,361 |
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 available only to other investment companies and accounts managed by Fidelity Management & Research Company (FMR) 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 FMR.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) web site at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC web site 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. In addition, the Fund claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.
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. Temporary book-tax differences will reverse in a subsequent period.
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 tax-based components of distributable earnings as of period end were as follows:
FMR voluntarily agreed to reimburse the Fund to the extent annual operating expenses exceeded .33% of average net assets. During the period this reimbursement reduced the Fund's expenses by $1,238.
Additionally, FMR 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 FMR at any time. For the period, the amount of the waiver was $1,950.
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 management fee. During the period, these credits reduced the Fund's management fee by four hundred eighty-nine dollars.
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.
To the Trustees of Fidelity Union Street Trust II and the Shareholders of Fidelity AMT Tax-Free Money Fund:
In our opinion, the accompanying statement of assets and liabilities, including the schedule of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Fidelity AMT Tax-Free Money Fund (a fund of Fidelity Union Street Trust II) at August 31, 2012, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Fidelity AMT Tax-Free Money Fund's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at August 31, 2012 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
The Trustees and executive officers of the trust and fund, as applicable, are listed below. The Board of Trustees governs the fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee the fund's activities, review contractual arrangements with companies that provide services to the fund, oversee management of the risks associated with such activities and contractual arrangements, and review the fund's performance. Except for James C. Curvey, each of the Trustees oversees 207 funds advised by FMR or an affiliate. Mr. Curvey oversees 435 funds advised by FMR or an affiliate.
The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) (Independent Trustee), shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. The executive officers hold office without limit in time, except that any officer may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.
In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.
Fidelity funds are overseen by different Boards of Trustees. The fund's Board oversees Fidelity's investment-grade bond, money market, and asset allocation funds and another Board oversees Fidelity's equity and high income funds. The asset allocation funds may invest in Fidelity funds that are overseen by such other Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity funds overseen by each Board.
The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, the fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the fund's activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the fund's business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the fund are carried out by or through FMR, its affiliates and other service providers, the fund's exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the fund's activities, oversight is exercised primarily through the Operations and Audit Committees. In addition, an ad hoc Board committee of Independent Trustees has worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board. The Operations Committee also worked and continues to work with FMR to enhance the stress tests required under SEC regulations for money market funds. Appropriate personnel, including but not limited to the fund's Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the fund's Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of FMR's risk management program for the Fidelity funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Fund's Trustees."
The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.
Correspondence intended for each Trustee who is an interested person may be sent to Fidelity Investments, 82 Devonshire Street, Boston, Massachusetts 02109.
* Trustees have been determined to be "Interested Trustees" by virtue of, among other things, their affiliation with the trust or various entities under common control with FMR.
Correspondence intended for each Independent Trustee (that is, the Trustees other than the Interested Trustees) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Correspondence intended for each executive officer may be sent to Fidelity Investments, 82 Devonshire Street, Boston, Massachusetts 02109.
The fund hereby designates as a capital gain dividend with respect to the taxable year ended August 31, 2012, $55,838, or, if subsequently determined to be different, the net capital gain of such year.
During fiscal year ended 2012, 100% of the fund's income dividends was free from federal income tax, and 0.00% of the fund's income dividends was subject to the federal alternative minimum tax.
The fund will notify shareholders in January 2013 of amounts for use in preparing 2012 income tax returns.
Citibank, N.A.
New York, NY
Fidelity Investments Institutional Operations Company, Inc.
Fidelity Service Company, Inc.
Citibank, N.A.
Average annual total return reflects the change in the value of an investment, assuming reinvestment of the fund's distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The $10,000 table and the fund's returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Let's say hypothetically that $10,000 was invested in Fidelity Arizona Municipal Income Fund on August 31, 2002. The chart shows how the value of your investment would have changed, and also shows how the Barclays® Municipal Bond Index performed over the same period.
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 (March 1, 2012 to August 31, 2012).
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.
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 available only to other investment companies and accounts managed by Fidelity Management & Research Company (FMR) 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 does 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 FMR.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) web site at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Funds' Report of Independent Registered Public Accounting Firm, are available on the SEC web site 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 vendor or broker to value their investments. When current market prices, quotations or rates are not readily available or reliable, securities will be fair valued in good faith by the FMR Fair Value Committee (the Committee), in accordance with procedures adopted by the Board. Factors used in determining fair value vary by security type and may include market or security 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. For municipal securities, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices and are generally categorized as Level 2 in the hierarchy. 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. These 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. These differences resulted in distribution reclassifications. In addition, the Funds claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.
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. Temporary book-tax differences will reverse in a subsequent period.
Book-tax differences are primarily due to market discount, deferred trustees compensation, capital loss carryforwards and losses deferred due to excise tax regulations.
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:
The tax-based components of distributable earnings 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 $37,563,692 and $19,294,515, respectively.
the Fund to the independent Trustees. Each Fund's management fee is equal to the following annual rate of average net assets:
The Income Fund participates with other funds managed by FMR 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.
FMR 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 FMR at any time. For the period, the amount of the waiver was $1,164,695.
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.
To the Trustees of Fidelity Union Street Trust and Fidelity Union Street Trust II and the Shareholders of Fidelity Arizona Municipal Income Fund and Fidelity Arizona Municipal Money Market Fund:
In our opinion, the accompanying statements of assets and liabilities, including the schedules of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Fidelity Arizona Municipal Income Fund (a fund of Fidelity Union Street Trust) and Fidelity Arizona Municipal Money Market Fund (a fund of Fidelity Union Street Trust II) at August 31, 2012 the results of each of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Fidelity Union Street Trust's and Fidelity Union Street Trust II's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at August 31, 2012 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
The Trustees and executive officers of the trust and funds, as applicable, are listed below. The Board of Trustees governs each fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee each fund's activities, review contractual arrangements with companies that provide services to each fund, oversee management of the risks associated with such activities and contractual arrangements, and review each fund's performance. Except for James C. Curvey, each of the Trustees oversees 228 funds advised by FMR or an affiliate. Mr. Curvey oversees 435 funds advised by FMR or an affiliate.
The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) (Independent Trustee), shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. The executive officers hold office without limit in time, except that any officer may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.
In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing each fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the funds, is provided below.
Fidelity funds are overseen by different Boards of Trustees. The funds' Board oversees Fidelity's investment-grade bond, money market, and asset allocation funds and another Board oversees Fidelity's equity and high income funds. The asset allocation funds may invest in Fidelity funds that are overseen by such other Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity funds overseen by each Board.
The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, each fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the funds' activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the funds' business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the funds are carried out by or through FMR, its affiliates and other service providers, the funds' exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the funds' activities, oversight is exercised primarily through the Operations and Audit Committees. In addition, an ad hoc Board committee of Independent Trustees has worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board. The Operations Committee also worked and continues to work with FMR to enhance the stress tests required under SEC regulations for money market funds. Appropriate personnel, including but not limited to the funds' Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the funds' Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of FMR's risk management program for the Fidelity funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Funds' Trustees."
The funds' Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.
Correspondence intended for each Trustee who is an interested person may be sent to Fidelity Investments, 82 Devonshire Street, Boston, Massachusetts 02109.
* Trustees have been determined to be "Interested Trustees" by virtue of, among other things, their affiliation with the trust or various entities under common control with FMR.
Correspondence intended for each Independent Trustee (that is, the Trustees other than the Interested Trustees) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Correspondence intended for each executive officer may be sent to Fidelity Investments, 82 Devonshire Street, Boston, Massachusetts 02109.
The Board of Trustees of each fund voted to pay to shareholders of record at the opening of business on record date, the following distributions per share derived from capital gains realized from sales of portfolio securities:
The funds hereby designate as capital gain dividends the amounts noted below for the taxable year ended August 31, 2012, or, if subsequently determined to be different, the net capital gain of such year:
During fiscal year ended 2012, 100% of each fund's income dividends were free from federal income tax, and 1.92% and 28.63% of Fidelity Arizona Municipal Income Fund and Fidelity Arizona Municipal Money Market Fund's, respectively, income dividends were subject to the federal alternative minimum tax.
The fund will notify shareholders in January 2013 of amounts for use in preparing 2012 income tax returns.
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 (March 1, 2012 to August 31, 2012).
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 August 31, 2012, the most recent period shown in the table, would have been -0.22%.
Variable Rate Demand Note - 65.0% |
| Principal Amount (000s) | | Value (000s) |
Alabama - 0.7% |
Alabama Pub. School & College Auth. Rev. Participating VRDN Series MT 719, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | $ 5,810 | | $ 5,810 |
Decatur Indl. Dev. Board Exempt Facilities Rev. (Nucor Steel Decatur LLC Proj.) Series 2003 A, 0.22% 9/7/12, VRDN (c)(f) | 39,215 | | 39,215 |
Mobile Indl. Dev. Board Dock & Wharf Rev. (Holnam, Inc. Proj.): | | | |
Series 1999 A, 0.22% 9/7/12, LOC Bayerische Landesbank Girozentrale, VRDN (c) | 21,000 | | 21,000 |
Series 1999 B, 0.17% 9/6/12, LOC Wells Fargo Bank NA, VRDN (c) | 25,165 | | 25,165 |
Mobile Indl. Dev. Board Exempt Facilities Rev. Series 1997, 0.19% 9/7/12 (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, 0.21% 9/4/12, VRDN (c) | 20,800 | | 20,800 |
Washington County Indl. Dev. Auth. Idr (Sempra Energy Proj.) Series 2007, 0.18% 9/7/12, LOC UBS AG, VRDN (c) | 33,895 | | 33,895 |
West Jefferson Indl. Dev. Board Solid Waste Disp. Rev. (Alabama Pwr. Co. Miller Plant Proj.) Series 2008, 0.22% 9/4/12, VRDN (c)(f) | 15,000 | | 15,000 |
| | 175,685 |
Alaska - 0.3% |
Alaska Indl. Dev. & Export Auth. Rev.: | | | |
(Greater Fairbanks Cmnty. Hosp. Foundation Proj.) Series 2009 A, 0.19% 9/7/12, LOC Union Bank of California, VRDN (c) | 15,000 | | 15,000 |
Participating VRDN Series Putters 4722, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 16,665 | | 16,665 |
Valdez Marine Term. Rev.: | | | |
(ConocoPhillips Proj.): | | | |
Series 1994 A, 0.2% 9/7/12 (ConocoPhillips Guaranteed), VRDN (c) | 12,400 | | 12,400 |
0.2% 9/7/12, VRDN (c) | 1,000 | | 1,000 |
(Phillips Trans. Alaska, Inc. Proj.): | | | |
Series 1994 B, 0.2% 9/7/12 (ConocoPhillips Guaranteed), VRDN (c) | 26,000 | | 26,000 |
Series 1994 C, 0.23% 9/7/12 (ConocoPhillips Guaranteed), VRDN (c) | 3,000 | | 3,000 |
| | 74,065 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Arizona - 2.0% |
Arizona Board of Regents Arizona State Univ. Rev. Participating VRDN Series Putters 4147, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | $ 10,220 | | $ 10,220 |
Arizona Health Facilities Auth. Rev.: | | | |
(Banner Health Sys. Proj.): | | | |
Series 2008 E, 0.18% 9/7/12, LOC Bank of America NA, VRDN (c) | 28,190 | | 28,190 |
Series 2008 F, 0.19% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 22,210 | | 22,210 |
(Catholic Healthcare West Proj.) Series 2009 F, 0.21% 9/7/12, LOC Citibank NA, VRDN (c) | 2,550 | | 2,550 |
(Royal Oaks Life Care Cmnty. Proj.) Series 2002, 0.2% 9/7/12, LOC Bank of America NA, VRDN (c) | 11,715 | | 11,715 |
(Southwest Behavioral Health Svcs., Inc. Proj.) Series 2004, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 3,095 | | 3,095 |
Arizona Trans. Board Excise Tax Rev. Participating VRDN Series Putters 4155, 0.27% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 11,305 | | 11,305 |
Coconino County Poll. Cont. Corp. Rev. (Tucson Elec. Pwr. Co. Navajo Proj.) Series 2010 A, 0.22% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 14,900 | | 14,900 |
Glendale Indl. Dev. Auth. (Midwestern Univ. Proj.) Series 2008, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 10,900 | | 10,900 |
Maricopa County Indl. Dev. Auth. Multi-family Hsg. Rev.: | | | |
(Ranchwood Apts. Proj.) Series 2001 A, 0.22% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 2,500 | | 2,500 |
(San Angelin Apts. Proj.) Series 2004, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 14,900 | | 14,900 |
(San Clemente Apts. Proj.) Series 2004, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 10,600 | | 10,600 |
(San Fernando Apts. Proj.) Series 2004, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 14,500 | | 14,500 |
(San Lucas Apts. Proj.) Series 2003, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 13,700 | | 13,700 |
(San Martin Apts. Proj.): | | | |
Series A1, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 5,700 | | 5,700 |
Series A2, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 4,300 | | 4,300 |
(San Miguel Apts. Proj.) Series 2003, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 14,900 | | 14,900 |
(San Remo Apts. Proj.) Series 2002, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 4,100 | | 4,100 |
(Sands Apts. Proj.) Series 2001 A, 0.22% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 2,800 | | 2,800 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Arizona - continued |
Maricopa County Indl. Dev. Auth. Multi-family Hsg. Rev.: - continued | | | |
(Village Square Apts. Proj.) Series 2004, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | $ 2,500 | | $ 2,500 |
Maricopa County Indl. Dev. Auth. Rev. (Clayton Homes, Inc. Proj.) Series 1998, 0.21% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 4,200 | | 4,200 |
Northern Arizona Univ. Revs. Participating VRDN Series Solar 07 14, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 16,440 | | 16,440 |
Phoenix Civic Impt. Corp. Wastewtr. Sys. Rev. Participating VRDN Series Putters 4185, 0.2% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 7,940 | | 7,940 |
Phoenix Indl. Dev. Auth. Multi-family Hsg. Rev. (Paradise Lakes Apt. Proj.) Series 2007 B, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 22,000 | | 22,000 |
Pima County Indl. Dev. Auth. Indl. Rev. (Tucson Elec. Pwr. Co. Proj.) Series 1982 A, 0.16% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 4,000 | | 4,000 |
Pima County Indl. Dev. Auth. Multi-family Hsg. Rev.: | | | |
(Cimarron Place Apts. Proj.) 0.22% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 4,500 | | 4,500 |
Series A, 0.22% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 2,825 | | 2,825 |
Salt River Proj. Agricultural Impt. & Pwr. District Elec. Sys. Rev. Participating VRDN: | | | |
Series BC 10 21W, 0.19% 9/7/12 (Liquidity Facility Barclays Bank PLC) (c)(g) | 5,200 | | 5,200 |
Series EGL 06 0141, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 16,500 | | 16,500 |
Series EGL 07 0012, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 13,850 | | 13,850 |
Series MT 737, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 27,675 | | 27,675 |
Series Putters 3307, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 6,395 | | 6,395 |
Series Putters 3467, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 4,000 | | 4,000 |
Series Putters 3708Z, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 15,645 | | 15,645 |
Series RBC O1, 0.17% 9/7/12 (Liquidity Facility Royal Bank of Canada) (c)(g) | 1,800 | | 1,800 |
Show Low Indl. Dev. Auth. Solid Waste Disp. Rev. (Snowflake White Mountain Pwr. LLC Proj.) Series 2006, 0.31% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 24,750 | | 24,750 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Arizona - continued |
Tempe Indl. Dev. Auth. Rev. (ASUF Brickyard Proj.) Series 2004 A, 0.21% 9/7/12, LOC Bank of America NA, VRDN (c) | $ 1,000 | | $ 1,000 |
Yavapai County Indl. Dev. Auth. (Northern Arizona Healthcare Sys. Proj.) Series 2008 B, 0.18% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 35,245 | | 35,245 |
Yuma Indl. Dev. Auth. Hosp. Rev. (Yuma Reg'l. Med. Ctr. Proj.) Series 2008, 0.19% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 60,680 | | 60,680 |
| | 480,230 |
Arkansas - 0.6% |
Arkansas Dev. Auth. Indl. Dev. Rev. (Stratton Seed Co. Proj.) Series 1999, 0.53% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 450 | | 450 |
Arkansas Dev. Fin. Auth. Multi-family Hsg. Rev. (Kiehl Partners LP Proj.) Series 2004 A, 0.22% 9/7/12, LOC Fannie Mae, VRDN (c) | 7,215 | | 7,215 |
Blytheville Indl. Dev. Rev. (Nucor Corp. Proj.) Series 2002, 0.21% 9/7/12, VRDN (c)(f) | 34,400 | | 34,400 |
Fort Smith Gen. Oblig. (Mitsubishi Pwr. Systems Americas Proj.) Series 2010, 0.17% 9/7/12, LOC Bank of Tokyo-Mitsubishi UFJ Ltd., VRDN (c) | 8,000 | | 8,000 |
Osceola Solid Waste Disp. Rev. (Plum Point Energy Associates, LLC Proj.) Series 2006, 0.22% 9/7/12, LOC Royal Bank of Scotland PLC, VRDN (c)(f) | 100,000 | | 100,000 |
| | 150,065 |
California - 2.9% |
ABAG Fin. Auth. for Nonprofit Corps. Rev. (Sharp HealthCare Proj.) Series 2009 C, 0.2% 9/7/12, LOC Citibank NA, VRDN (c) | 41,800 | | 41,800 |
Anaheim Hsg. Auth. Multi-family Hsg. Rev. (Park Vista Apt. Proj.) Series 2000 D, 0.17% 9/7/12, 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, 0.18% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 35,600 | | 35,600 |
Series II R 11901, 0.18% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 2,100 | | 2,100 |
California Edl. Facilities Auth. Rev.: | | | |
(Univ. of San Francisco Proj.) Series 2000, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 8,700 | | 8,700 |
Participating VRDN Series ROC II R 11974, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 4,555 | | 4,555 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
California - continued |
California Gen. Oblig.: | | | |
Participating VRDN Series Putters 4265, 0.21% 9/4/12 (Liquidity Facility JPMorgan Chase & Co.) (c)(g) | $ 36,000 | | $ 36,000 |
Series 2003 C3, 0.17% 9/7/12, LOC Citibank NA, VRDN (c) | 41,000 | | 41,000 |
Series B6, 0.17% 9/7/12, LOC Citibank NA, VRDN (c) | 23,800 | | 23,800 |
California Health Facilities Fing. Auth. Rev. Participating VRDN Series DB 3294, 0.2% 9/7/12 (Liquidity Facility Deutsche Bank AG) (c)(g) | 15,615 | | 15,615 |
California Hsg. Fin. Agcy. Rev. (Home Mtg. Prog.): | | | |
Series 2000 N, 0.2% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 20,110 | | 20,110 |
Series 2000 X2, 0.2% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 2,900 | | 2,900 |
Series 2002 J, 0.2% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 1,825 | | 1,825 |
Series 2003 H, 0.2% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 29,320 | | 29,320 |
Series 2003 M: | | | |
0.2% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 26,800 | | 26,800 |
0.2% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 28,400 | | 28,400 |
California Poll. Cont. Fing. Auth. Ctfs. of Prtn. (Pacific Gas & Elec. Co. Proj.) Series 1997 B, 0.21% 9/4/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 48,000 | | 48,000 |
California Statewide Cmntys. Dev. Auth. Multi-family Hsg. Rev. (Maple Square Apt. Proj.) Series AA, 0.19% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 5,855 | | 5,855 |
California Statewide Cmntys. Dev. Auth. Rev. (North Peninsula Jewish Campus Proj.) 0.23% 9/4/12, LOC Bank of America NA, VRDN (c) | 21,010 | | 21,010 |
El Dorado Irrigation District Rev. Ctfs. of Prtn. Series 2008 A, 0.18% 9/7/12, LOC Citibank NA, VRDN (c) | 50,000 | | 50,000 |
Grossmont Healthcare District Participating VRDN Series WF 11 30C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 10,160 | | 10,160 |
Los Angeles Cmnty. College District Participating VRDN: | | | |
Series MS 3096, 0.2% 9/7/12 (Liquidity Facility Deutsche Bank AG) (c)(g) | 1,500 | | 1,500 |
Series Putters 2864, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 4,785 | | 4,785 |
Series ROC II R 11728, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 7,040 | | 7,040 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
California - continued |
Los Angeles Dept. of Wtr. & Pwr. Rev. Participating VRDN: | | | |
Series MT 782, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | $ 11,455 | | $ 11,455 |
Series Putters 3902 Z, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 3,380 | | 3,380 |
Los Angeles Multi-family Hsg. Rev. (Tri-City Hsg. Proj.) Series 1, 0.18% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 1,800 | | 1,800 |
Los Angeles Wastewtr. Sys. Rev. Participating VRDN Series EGL 7 05 3003, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 40,000 | | 40,000 |
Modesto Pub. Fing. Auth. Lease Rev. Series 2008 B, 0.18% 9/7/12, LOC Bank of America NA, VRDN (c) | 17,100 | | 17,100 |
Newport Mesa Unified School District Participating VRDN Series WF 11 70Z, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 13,530 | | 13,530 |
Northern California Pwr. Agcy. Rev. (Hydroelectric #1 Proj.) Series 2008 A, 0.18% 9/7/12, LOC Citibank NA, VRDN (c) | 62,060 | | 62,060 |
Riverside Ctfs. of Prtn. (Riverside Renaissance Proj.) Series 2008, 0.19% 9/7/12, LOC Bank of America NA, VRDN (c) | 67,450 | | 67,450 |
Riverside Elec. Rev. Series 2008 A, 0.18% 9/7/12, LOC Bank of America NA, VRDN (c) | 5,000 | | 5,000 |
San Francisco City & County Arpts. Commission Int'l. Arpt. Rev. Series 2010 A2, 0.17% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 14,500 | | 14,500 |
San Juan Capistrano Gen. Oblig. Participating VRDN Series Putters 3646, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 10,050 | | 10,050 |
Stanislaus County Cap. Impts. Fing. Auth. Rev. Series 2004, 0.18% 9/7/12, LOC Bank of America NA, VRDN (c) | 9,270 | | 9,270 |
| | 726,070 |
Colorado - 2.4% |
Adams County Hsg. Auth. (Semper Village Apts. Proj.) Series 2004 A, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 14,000 | | 14,000 |
Aurora Hosp. Rev. (Children's Hosp. Assoc. Proj.) Series 2008 C, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 10,295 | | 10,295 |
Aurora Hsg. Auth. Multi-family Hsg. Rev. (Liberty Creek Proj.) Series 2008, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 27,580 | | 27,580 |
Aurora Multi-family Hsg. Rev. (Aurora Meadows Apts. Proj.) Series 1996, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 13,400 | | 13,400 |
Colorado Edl. & Cultural Facilities Auth. Rev. (Clyfford Still Museum Proj.) Series 2008, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 2,440 | | 2,440 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Colorado - continued |
Colorado Gen. Fdg. Rev. Participating VRDN Series Putters 4251, 0.19% 9/4/12 (Liquidity Facility JPMorgan Chase & Co.) (c)(g) | $ 12,265 | | $ 12,265 |
Colorado Health Facilities Auth. Retirement Hsg. Rev. Participating VRDN Series Putters 1390, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 38,265 | | 38,265 |
Colorado Health Facilities Auth. Rev.: | | | |
(Boulder Cmnty. Hosp. Proj.) Series 2000, 0.19% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 31,060 | | 31,060 |
Participating VRDN Series BA 08 1090, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 7,450 | | 7,450 |
Colorado Hsg. & Fin. Auth. Series 2002 B3, 0.18% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c) | 1,075 | | 1,075 |
Colorado Hsg. & Fin. Auth. Solid Waste Rev.: | | | |
(Waste Mgmt., Inc. Proj.) 0.22% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 7,000 | | 7,000 |
(Waste Mgmt., Inc. Proj.) 0.21% 9/7/12, 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, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 29,700 | | 29,700 |
Series EGL 07 0037, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 16,830 | | 16,830 |
Series EGL 07 0038, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 36,165 | | 36,165 |
Series EGL 07 0040, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 30,610 | | 30,610 |
Series MT 741, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 19,000 | | 19,000 |
Series ROC II R 12312, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 3,700 | | 3,700 |
Series WF 10 37C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 20,615 | | 20,615 |
Denver City & County Arpt. Rev. Series 2009 C, 0.15% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 9,900 | | 9,900 |
Denver City & County Indl. Dev. Rev. (Brass Smith/Kevry Proj.) Series 2009, 0.32% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 5,085 | | 5,085 |
Denver Urban Renewal Auth. Tax Increment Rev. Series 2008 A2, 0.18% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 41,900 | | 41,900 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Colorado - continued |
Fort Collins Indl. Dev. Rev. (Phelps-Tointon Millwork Proj.) Series 1993, 0.63% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | $ 215 | | $ 215 |
Lakewood Hsg. Auth. Multi-family Rev.: | | | |
(Ridgemoor Apts. Proj.) Series 2003 A, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 13,325 | | 13,325 |
(Timberleaf Apts. Proj.) 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 11,165 | | 11,165 |
Moffat County Poll. Cont. Rev.: | | | |
(PacifiCorp Proj.) Series 1994, 0.19% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 20,155 | | 20,155 |
(Tri-State Generation and Transmission Assoc., Inc. Proj.) Series 2009, 0.2% 9/7/12, LOC Bank of America NA, VRDN (c) | 26,900 | | 26,900 |
RBC Muni. Products, Inc. Trust Participating VRDN Series RBC E 25, 0.2% 9/7/12 (Liquidity Facility Royal Bank of Canada) (c)(f)(g) | 45,490 | | 45,490 |
Univ. of Colorado Hosp. Auth. Rev.: | | | |
Series 2004 A, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 29,900 | | 29,900 |
Series 2008 B, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 52,980 | | 52,980 |
Westminster County Multi-family Hsg. Rev. (Lakeview Apts. Proj.) Series 1997, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 7,110 | | 7,110 |
| | 599,735 |
Connecticut - 0.2% |
Connecticut Health & Ed. Rev. Series 2011 B, 0.18% 9/7/12, LOC Bank of America NA, VRDN (c) | 34,495 | | 34,495 |
Connecticut Health & Edl. Facilities Auth. Rev. (St. Francis Hosp. & Med. Ctr. Proj.) Series F, 0.16% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 12,610 | | 12,610 |
| | 47,105 |
Delaware - 0.3% |
Delaware Econ. Dev. Auth. Rev. (Delmarva Pwr. & Lt. Co. Proj.): | | | |
Series 1987, 0.36% 9/4/12, VRDN (c)(f) | 3,000 | | 3,000 |
Series 1988, 0.36% 9/4/12, VRDN (c)(f) | 13,550 | | 13,550 |
Series 1993 C, 0.35% 9/7/12, VRDN (c) | 4,500 | | 4,500 |
Series 1994, 0.36% 9/4/12, VRDN (c)(f) | 30,000 | | 30,000 |
Series 1999 B, 0.49% 9/7/12, VRDN (c)(f) | 9,900 | | 9,900 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Delaware - continued |
Delaware Health Facilities Auth. Rev. (Beebe Med. Ctr. Proj.) 0.17% 9/7/12, LOC PNC Bank NA, VRDN (c) | $ 3,920 | | $ 3,920 |
Wilmington Adjustable Rate Demand Rev. (Delaware Art Museum, Inc. Proj.) 0.18% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 12,400 | | 12,400 |
| | 77,270 |
District Of Columbia - 0.9% |
District of Columbia Gen. Oblig. Series 2008 C, 0.19% 9/7/12, LOC TD Banknorth, NA, VRDN (c) | 13,800 | | 13,800 |
District of Columbia Hsg. Fin. Agcy. Multi-family Hsg. Rev. (Trenton Park Apts. Proj.) Series 2001, 0.27% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 5,770 | | 5,770 |
District of Columbia Income Tax Rev. Participating VRDN Series Putters 4020, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 7,250 | | 7,250 |
District of Columbia Rev.: | | | |
(Edmund Burke School Proj.) 0.26% 9/7/12, LOC Bank of America NA, VRDN (c) | 12,790 | | 12,790 |
(Fort Lincoln New Town/Premium Distributors LLC Proj.) Series 2000, 0.32% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 6,965 | | 6,965 |
(Friends Legal Svcs. Corp. Proj.) 0.26% 9/7/12, LOC Bank of America NA, VRDN (c) | 9,885 | | 9,885 |
(The AARP Foundation Proj.) Series 2004, 0.19% 9/7/12, LOC Bank of America NA, VRDN (c) | 10,900 | | 10,900 |
(The Phillips Collection Issue Proj.) Series 2003, 0.43% 9/7/12, LOC Bank of America NA, VRDN (c) | 1,515 | | 1,515 |
(Washington Drama Society, Inc. Proj.) Series 2008, 0.2% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 12,145 | | 12,145 |
District of Columbia Univ. Rev. (American Univ. Proj.): | | | |
Series 2003, 0.16% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 14,700 | | 14,700 |
Series 2006 B, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 31,100 | | 31,100 |
Metropolitan Washington DC Arpts. Auth. Sys. Rev.: | | | |
Series 2003 D1, 0.22% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 37,170 | | 37,170 |
Series 2009 D1, 0.19% 9/7/12, LOC Bank of America NA, VRDN (c) | 45,570 | | 45,570 |
| | 209,560 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Florida - 4.6% |
Brevard County Hsg. Fin. Auth. (Manatee Cove Apts. Proj.) 0.28% 9/7/12, LOC Citibank NA, VRDN (c)(f) | $ 10,675 | | $ 10,675 |
Broward County Fin. Auth. Multi-family Hsg. Rev.: | | | |
(Pinnacle Village Apts. Proj.) Series 2004, 0.23% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 6,500 | | 6,500 |
(Sanctuary Apts Proj.) Series A, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 16,520 | | 16,520 |
Broward County Port Facilities Rev. (Port Everglades Proj.) Series 2008, 0.19% 9/7/12, LOC Bank of Nova Scotia New York Branch, VRDN (c)(f) | 9,165 | | 9,165 |
Broward County Wtr. & Swr. Util. Rev. Participating VRDN Series Putters 4158, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 20,170 | | 20,170 |
Clay County Hsg. Fin. Auth. Multi-family Hsg. Rev. (Nassau Club Apts. Proj.) 0.21% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 9,505 | | 9,505 |
Coconut Creek Indl. Dev. Rev. (Elite Aluminum Corp. Proj.) Series 2002, 0.48% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 1,330 | | 1,330 |
Collier County Hsg. Fin. Auth. Multi-family Rev.: | | | |
(Sawgrass Pines Apts. Proj.) 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 6,800 | | 6,800 |
(Summer Lakes Phase II Apts. Proj.) 0.28% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 18,405 | | 18,405 |
Davie Gen. Oblig. Rev. (United Jewish Cmnty. Proj.) 0.2% 9/7/12, LOC Bank of America NA, VRDN (c) | 8,700 | | 8,700 |
Florida Board of Ed. Pub. Ed. Cap. Outlay Participating VRDN: | | | |
Series BA 08 1059, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 4,165 | | 4,165 |
Series EGL 07 48, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 21,445 | | 21,445 |
Series ROC II R 11884X, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 13,600 | | 13,600 |
Florida Dept. of Trans. Tpk. Rev. Participating VRDN Series Solar 07 30, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 15,000 | | 15,000 |
Florida Hsg. Fin. Agcy. Rev.: | | | |
(Bainbridge Club Apt. Proj.) Series M, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 5,370 | | 5,370 |
(Banyan Bay Apts. Proj.) Series 1995 M, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 8,650 | | 8,650 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Florida - continued |
Florida Hsg. Fin. Corp. Multi-family Mtg. Rev.: | | | |
(Avalon Reserve Apts. Proj.) Series 2003 R1, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | $ 14,770 | | $ 14,770 |
(Clascona Groves Apts. Proj.) Series A, 0.22% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 8,800 | | 8,800 |
(Collins Cove Sr. Apts. Proj.) Series 2003 W, 0.22% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 5,400 | | 5,400 |
(Grande Court at North Port Apts. Proj.) Series 2004 E, 0.21% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 5,600 | | 5,600 |
(Hunters Run Apts. Proj.) Series G, 0.22% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 8,000 | | 8,000 |
(Lynn Lake Apts. Proj.) Series B1, 0.19% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 20,210 | | 20,210 |
(Mill Creek Apts. Proj.) Series 2004 K, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 14,700 | | 14,700 |
(Pinnacle Grove Apts. Proj.) Series 2003 A, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 7,650 | | 7,650 |
(Riverwalk I Apts. Proj.) Series 2008 E, 0.2% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 5,075 | | 5,075 |
(Savannah Springs Apts. Proj.) Series G, 0.31% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 6,980 | | 6,980 |
(Sterling Palms Apts. Proj.) Series F, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 14,170 | | 14,170 |
(Victoria Park Apts. Proj.) Series 2002 J, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c) | 8,920 | | 8,920 |
Florida Hsg. Fin. Corp. Rev.: | | | |
(Tuscany Lakes Apts. Proj.) Series 2002 K1, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 4,000 | | 4,000 |
(Valencia Village Apts. Proj.) Series G, 0.21% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 11,755 | | 11,755 |
(Waterford Pointe Apts. Proj.) Series 2000 E1, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 8,155 | | 8,155 |
Fort Myers Util. Sys. Rev. Participating VRDN Series Solar 06 53, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 12,590 | | 12,590 |
Highlands County Health Facilities Auth. Rev. Participating VRDN Series ROCS II R 11830, 0.19% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 5,000 | | 5,000 |
Hillsborough County Hsg. Fin. Auth. Multi-family Rev.: | | | |
(Claymore Crossings Apt. Proj.) Series 2005, 0.27% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 11,000 | | 11,000 |
(Grande Oaks Apts. Proj.) Series A, 0.21% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 7,200 | | 7,200 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Florida - continued |
Hillsborough County Hsg. Fin. Auth. Multi-family Rev.: - continued | | | |
(Hunters Run Apts. Proj.) Series 2002 A, 0.21% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | $ 8,480 | | $ 8,480 |
(Meridian Pointe Apts. Proj.) Series 2005, 0.28% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 12,000 | | 12,000 |
(Mobley Park Apts. Proj.) Series A, 0.21% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 7,590 | | 7,590 |
(Morgan Creek Apts. Proj.) Series 2003, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 12,700 | | 12,700 |
(Royal Palm Key Apts. Proj.) Series 2002, 0.21% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 8,780 | | 8,780 |
Hillsborough County Indl. Dev. Auth. Indl. Dev. Rev. (Vigo Importing Co. Proj.) Series 1996, 0.54% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 605 | | 605 |
Jacksonville Econ. Dev. Commission Indl. Dev. Rev. (STI Proj.) Series 2002, 0.48% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 7,350 | | 7,350 |
Jacksonville Elec. Auth. Elec. Sys. Rev. Participating VRDN Series BA 09 1209X, 0.24% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 5,310 | | 5,310 |
Jacksonville Health Facilities Auth. Hosp. Rev. (Baptist Med. Ctr. Proj.) Series 2007 E, 0.15% 9/7/12, LOC Branch Banking & Trust Co., VRDN (c) | 9,690 | | 9,690 |
Jacksonville Hsg. Fin. Auth. Multi-family Hsg. Rev. (Brookwood Forest Apts. Proj.) 0.21% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 9,200 | | 9,200 |
Jacksonville Port Auth. Rev. (Mitsui O.S.K. Lines Ltd. Proj.) 0.19% 9/7/12, LOC Sumitomo Mitsui Banking Corp., VRDN (c)(f) | 90,205 | | 90,205 |
Jacksonville Spl. Rev. Participating VRDN Series Putters 3918, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 3,900 | | 3,900 |
JEA Wtr. & Swr. Sys. Rev. Participating VRDN Series WF 11 4C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 11,800 | | 11,800 |
Lee County Hsg. Fin. Auth. Multi-family Hsg. Rev. (Univ. Club Apts. Proj.) Series A, 0.22% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 7,500 | | 7,500 |
Lee Memorial Health Sys. Hosp. Rev. Series 2009 C, 0.19% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 6,540 | | 6,540 |
Liberty County Indl. Dev. Rev. (Georgia-Pacific Corp. Proj.) 0.2% 9/7/12, LOC Bank of Nova Scotia New York Branch, VRDN (c)(f) | 5,000 | | 5,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Florida - continued |
Miami-Dade County Hsg. Fin. Auth. Multi-family Mtg. Rev. (22nd Avenue Apts., 183rd Street Apts. & 187th Street Apts. Proj.) Series 2003 3, 0.28% 9/7/12, LOC Citibank NA, VRDN (c)(f) | $ 15,845 | | $ 15,845 |
Miami-Dade County Indl. Dev. Auth. Rev. (Tarmac America Proj.) Series 2004, 0.24% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 10,600 | | 10,600 |
Ocean Hwy. & Port Auth. Rev. 0.23% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 6,000 | | 6,000 |
Orange County Health Facilities Auth. Rev. (The Nemours Foundation Proj.) Series 2009 B, 0.2% 9/7/12, LOC Bank of America NA, VRDN (c) | 26,815 | | 26,815 |
Orange County Hsg. Fin. Auth. Multi-family Rev.: | | | |
(Alta Westgate Apts. Proj.) Series C, 0.28% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 12,975 | | 12,975 |
(Glenn Millenia Proj.) Series 2001 C, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 3,400 | | 3,400 |
(Osprey Ridge Apts. Proj.) Series 2000 H, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 7,460 | | 7,460 |
(West Point Villas Apts. Proj.) Series 2000 F, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 11,500 | | 11,500 |
Orange County School Board Ctfs. of Prtn. Participating VRDN Series Putters 4107, 0.21% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 5,240 | | 5,240 |
Orlando & Orange County Expressway Auth. Rev.: | | | |
Series 2003 C1, 0.17% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 43,285 | | 43,285 |
Series 2003 C2, 0.17% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 59,735 | | 59,735 |
Orlando Utils. Commission Util. Sys. Rev. Participating VRDN Series Putters 4148, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 27,680 | | 27,680 |
Osceola County Hsg. Fin. Auth. Multi-family Rev. (Regatta Bay Apts. Proj.) Series A, 0.21% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 12,920 | | 12,920 |
Palm Beach County Edl. Facilities Auth. (Lynn Univ. Proj.) Series 2001, 0.21% 9/7/12, LOC Bank of America NA, VRDN (c) | 9,370 | | 9,370 |
Palm Beach County Hsg. Fin. Auth. Multi-family Hsg. Rev. (Renaissance Apts. Proj.) 0.21% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 21,100 | | 21,100 |
Palm Beach County Rev.: | | | |
(Benjamin Private School Proj.) 0.17% 9/7/12, LOC Northern Trust Co., VRDN (c) | 6,120 | | 6,120 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Florida - continued |
Palm Beach County Rev.: - continued | | | |
(Hospice of Palm Beach Proj.) Series 2001, 0.17% 9/7/12, LOC Northern Trust Co., VRDN (c) | $ 3,000 | | $ 3,000 |
(Raymond F. Kravis Ctr. Proj.) Series 2002, 0.17% 9/7/12, LOC Northern Trust Co., VRDN (c) | 3,145 | | 3,145 |
(Saint Andrew's School of Boca Raton, Inc. Proj.) Series 2007, 0.21% 9/7/12, LOC Bank of America NA, VRDN (c) | 10,700 | | 10,700 |
(The Norton Gallery and School of Arts, Inc. Proj.) Series 2000, 0.37% 9/7/12, LOC Bank of America NA, VRDN (c) | 11,400 | | 11,400 |
Palm Beach County Solid Waste Auth. Rev. Participating VRDN Series ROC II R 11986, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 6,000 | | 6,000 |
Palm Beach County Wtr. & Swr. Rev. Participating VRDN Series Putters 2622, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 1,000 | | 1,000 |
Panama City Gen. Oblig. Participating VRDN Series Solar 2006 129, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 7,900 | | 7,900 |
Pasco County Indl. Dev. Rev. (Pacific Med., Inc. Proj.) Series 1999, 0.5% 9/1/12, LOC Bank of America NA, VRDN (c)(f) | 760 | | 760 |
Pasco County School Board Ctfs. of Prtn. Series 2008 C, 0.21% 9/7/12, LOC Bank of America NA, VRDN (c) | 68,135 | | 68,135 |
Pinellas County Health Facilities Auth. Rev.: | | | |
(BayCare Health Sys. Proj.) Series 2009 A3, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 10,500 | | 10,500 |
(Suncoast Hospice Proj.) Series 2004, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 14,335 | | 14,335 |
Polk County Hsg. Fin. Auth. Multi-family Hsg. Rev. (Cambridge Cove Apts. Proj.) Series 2001, 0.21% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 7,900 | | 7,900 |
Sunshine State Govt. Fing. Commission Rev. (Miami-Dade County Prog.): | | | |
Series 2010 A, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 3,600 | | 3,600 |
Series 2010 B, 0.19% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 59,550 | | 59,550 |
Series 2011 C, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 20,500 | | 20,500 |
Tallahassee Energy Sys. Rev. Participating VRDN Series Putters 4204, 0.2% 9/4/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 30,340 | | 30,340 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Florida - continued |
Tampa Health Sys. Rev. Participating VRDN Series WF 12 21 C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | $ 17,225 | | $ 17,225 |
USF Fing. Corp. Ctfs. of Prtn. (College of Medicine Health Facilities Lease Prog.) Series 2006 A2, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 21,415 | | 21,415 |
Volusia County Hsg. Fin. Auth. Multi-family Hsg. Rev. (Fisherman's Landing Apts. Proj.) 0.18% 9/7/12, LOC Fannie Mae, VRDN (c) | 3,315 | | 3,315 |
| | 1,143,390 |
Georgia - 1.8% |
Atlanta Urban Residential Fin. Auth. Multi-family Hsg. Rev.: | | | |
(Capitol Gateway Apts. Proj.) Series 2005, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 8,475 | | 8,475 |
(Carver Redev. Proj.) Series 2000, 0.46% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 3,815 | | 3,815 |
(Collegetown at Harris Homes Phase I Proj.) Series 2003, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 7,230 | | 7,230 |
Bulloch County Dev. Auth. Indl. Dev. Rev. (Gold Kist, Inc. Proj.) Series 1995, 0.32% 9/7/12, 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, 0.25% 9/4/12, VRDN (c) | 16,000 | | 16,000 |
(Oglethorpe Pwr. Corp. Proj.): | | | |
Series 2010 A, 0.19% 9/7/12, LOC Bank of America NA, VRDN (c) | 45,000 | | 45,000 |
Series 2010 B, 0.19% 9/7/12, LOC Bank of America NA, VRDN (c) | 30,000 | | 30,000 |
Canton Hsg. Auth. Multi-family Hsg. Rev.: | | | |
(Alta Ridgewalk Apts. Proj.) Series 2003, 0.19% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 20,450 | | 20,450 |
(Canton Mill Lofts Proj.) Series 1999, 0.23% 9/7/12, LOC Branch Banking & Trust Co., VRDN (c)(f) | 13,600 | | 13,600 |
Clarke County Indl. Dev. Auth. Hosp. Facilities Rev. Participating VRDN Series Solar 07 31, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 16,295 | | 16,295 |
Covington Hsg. Auth. Multi-family Rev. (Wellington Ridge Apt. Proj.) 0.21% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 9,165 | | 9,165 |
DeKalb County Hsg. Auth. Multi-family Hsg. Rev. (Eagles Trace Apts. Proj.) Series 1996, 0.21% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 7,450 | | 7,450 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Georgia - continued |
Georgia Gen. Oblig. Participating VRDN: | | | |
Series BC 11 103W, 0.19% 9/7/12 (Liquidity Facility Barclays Bank PLC) (c)(g) | $ 9,180 | | $ 9,180 |
Series Putters 4170, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 6,825 | | 6,825 |
Gwinnett County Dev. Auth. Indl. Dev. Rev. (Curtis 1000, Inc. Proj.) Series 1996, 0.18% 9/7/12, 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, 0.21% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 10,835 | | 10,835 |
Gwinnett County Wtr. & Swr. Auth. Rev. Participating VRDN Series ROC II R 11910, 0.18% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 4,150 | | 4,150 |
Heard County Dev. Auth. Poll. Cont. Rev. (Oglethorpe Pwr. Corp. Scherer Proj.) Series 2009 A, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 3,600 | | 3,600 |
Kennesaw Dev. Auth. Multi-family Hsg. Rev. (Alta Ridenour Apts. Proj.) Series 2008, 0.19% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 7,350 | | 7,350 |
Loganville Hsg. Auth. Multi-family Hsg. Rev. (Alexander Crossing Apt. Proj.) 0.18% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 15,555 | | 15,555 |
Main Street Natural Gas, Inc. Georgia Gas Proj. Rev. Series 2010 A, 0.18% 9/7/12 (Liquidity Facility Royal Bank of Canada), VRDN (c) | 69,475 | | 69,475 |
Metropolitan Atlanta Rapid Transit Auth. Sales Tax Rev. Series 2000 B, 0.2% 9/7/12, LOC PNC Bank NA, VRDN (c) | 16,500 | | 16,500 |
Monroe County Dev. Auth. Poll. Cont. Rev. (Oglethorpe Pwr. Corp. Scherer Proj.) Series 2009 A, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 10,090 | | 10,090 |
Newnan Dev. Auth. Multi-family Hsg. Rev. (The Club at Newnan Crossing Proj.) 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 9,800 | | 9,800 |
Private Colleges & Univs. Auth. Rev. Participating VRDN Series WF 11 32C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 5,800 | | 5,800 |
Roswell Hsg. Auth. Multi-family Hsg. Rev. (Rosemont Apts. Proj.) 0.19% 9/7/12, LOC Freddie Mac, VRDN (c) | 9,385 | | 9,385 |
Savannah Econ. Dev. Auth. Rev. (Home Depot, Inc. Proj.) Series 1995 A, 0.58% 9/7/12, VRDN (c)(f) | 57,400 | | 57,400 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Georgia - continued |
Sugar Hill Hsg. Auth. Multi-family Rev. (Level Creek Apts. Proj.) Series 1997, 0.2% 9/7/12, LOC Citibank NA, VRDN (c)(f) | $ 11,290 | | $ 11,290 |
Whitfield County Residential Care Facilities Auth. Rev. (Royal Oaks Sr. Living Cmnty. Proj.) 0.26% 9/7/12, LOC Bank of America NA, VRDN (c) | 6,910 | | 6,910 |
| | 442,085 |
Hawaii - 0.2% |
Hawaii Dept. of Budget & Fin. Spl. Purp. Rev. (Queen's Health Sys. Proj.): | | | |
Series 2009 A, 0.21% 9/7/12, LOC Bank of America NA, VRDN (c) | 16,640 | | 16,640 |
Series 2009 B, 0.21% 9/7/12, LOC Bank of America NA, VRDN (c) | 15,435 | | 15,435 |
Hawaii Gen. Oblig. Participating VRDN Series MT 4718, 0.24% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 1,340 | | 1,340 |
Hawaii State Hsg. Fin. & Dev. Corp. Rev. (Lokahi Kau Apts. Proj.) Series 2008, 0.17% 9/7/12, LOC Freddie Mac, VRDN (c) | 3,080 | | 3,080 |
Honolulu City and County Wastewtr. Sys. Participating VRDN Series ROC II R 11989, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 4,005 | | 4,005 |
| | 40,500 |
Idaho - 0.5% |
Idaho Hsg. & Fin. Assoc. Single Family Mtg.: | | | |
(Single Family Mtg. Proj.): | | | |
Series 2001 A, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 6,960 | | 6,960 |
Series 2001 E, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 5,445 | | 5,445 |
Series 2000 F, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 4,580 | | 4,580 |
Series 2001 B, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 3,885 | | 3,885 |
Series 2001 C, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 6,745 | | 6,745 |
Series 2001 D1, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 1,200 | | 1,200 |
Series 2002 C, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 7,240 | | 7,240 |
Series 2002, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 9,860 | | 9,860 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Idaho - continued |
Idaho Hsg. & Fin. Assoc. Single Family Mtg.: - continued | | | |
Series 2004 A, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | $ 6,080 | | $ 6,080 |
Series 2006 G, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 6,780 | | 6,780 |
Series 2007 D, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 4,200 | | 4,200 |
Series 2007 E, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 20,965 | | 20,965 |
Series 2007 J1, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 30,000 | | 30,000 |
| | 113,940 |
Illinois - 4.5% |
Belvidere Indl. Dev. Rev. (R&D Thiel, Inc. Proj.) Series 1996, 0.32% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 1,580 | | 1,580 |
Carol Stream Multi-family Rev. (Saint Charles Square Proj.) Series 1997, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 1,800 | | 1,800 |
Chicago Board of Ed. Series 2000 B, 0.16% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 20,700 | | 20,700 |
Chicago Gen. Oblig. Participating VRDN Series Solar 06 38, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 7,705 | | 7,705 |
Chicago Indl. Dev. Rev. (Chicago Scenic Studios, Inc. Proj.) Series 2000, 0.29% 9/7/12, LOC BMO Harris Bank NA, VRDN (c)(f) | 2,750 | | 2,750 |
Chicago Metropolitan Wtr. Reclamation District Greater Chicago Participating VRDN: | | | |
Series Putters 4163, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 34,375 | | 34,375 |
Series Solar 06 75, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 19,850 | | 19,850 |
Chicago O'Hare Int'l. Arpt. Rev.: | | | |
Participating VRDN Series Floaters 3236, 0.25% 9/7/12 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (c)(f)(g) | 5,050 | | 5,050 |
Series 1994 B, 0.22% 9/4/12, LOC Citibank NA, VRDN (c)(f) | 28,600 | | 28,600 |
Series 1994 C, 0.2% 9/4/12, LOC Citibank NA, VRDN (c) | 26,580 | | 26,580 |
Series 2005 D, 0.18% 9/7/12, LOC Barclays Bank PLC, VRDN (c) | 28,000 | | 28,000 |
Chicago Park District Gen. Oblig. Participating VRDN: | | | |
Series MT 760, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 10,370 | | 10,370 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Illinois - continued |
Chicago Park District Gen. Oblig. Participating VRDN: - continued | | | |
Series Putters 3842, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | $ 4,000 | | $ 4,000 |
Series ROC II R 11935, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 9,375 | | 9,375 |
Chicago Wtr. Rev.: | | | |
Series 2004 A1, 0.19% 9/7/12, LOC California Pub. Employees Retirement Sys., VRDN (c) | 90,300 | | 90,300 |
Series 2004 A2, 0.19% 9/7/12, LOC California Pub. Employees Retirement Sys., VRDN (c) | 51,380 | | 51,380 |
Series 2004 A3, 0.19% 9/7/12, LOC State Street Bank & Trust Co., Boston, VRDN (c) | 10,745 | | 10,745 |
City of Rolling Meadows Solid Waste Disp. Rev. (BFI Waste Sys. of North America Proj.) Series 1999, 0.23% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 19,580 | | 19,580 |
Illinois Dev. Fin. Auth. Indl. Dev. Rev.: | | | |
(Delta-Unibus Corp. Proj.) Series 2001, 0.48% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 4,000 | | 4,000 |
(Mapes & Sprowl Steel Ltd. Proj.) Series 1996 A, 0.41% 9/7/12, LOC BMO Harris Bank NA, VRDN (c)(f) | 565 | | 565 |
(R&R Enterprises 2nd Proj.) Series 1999 A, 0.29% 9/7/12, LOC BMO Harris Bank NA, VRDN (c)(f) | 2,455 | | 2,455 |
Illinois Dev. Fin. Auth. Rev. (Rich Prods. Corp. Proj.) Series 1998, 0.25% 9/7/12, LOC HSBC Bank USA, NA, VRDN (c)(f) | 7,825 | | 7,825 |
Illinois Edl. Facilities Auth. Rev.: | | | |
(Field Museum of Natural History Proj.) Series 2000, 0.17% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 8,100 | | 8,100 |
Participating VRDN Series ROC II R 12278, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 12,395 | | 12,395 |
Illinois Fin. Auth. Multi-family Rev. (Hidden Glen Apts. Proj.) Series 2007, 0.18% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 7,165 | | 7,165 |
Illinois Fin. Auth. Rev.: | | | |
(Chicago Symphony Orchestra Proj.) Series 2008, 0.19% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 15,765 | | 15,765 |
(Edward Hosp. Obligated Group Proj.): | | | |
Series 2008 B1, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 24,800 | | 24,800 |
Series 2008 B2, 0.19% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 33,900 | | 33,900 |
Series 2009 A, 0.23% 9/7/12, LOC Bank of America NA, VRDN (c) | 24,500 | | 24,500 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Illinois - continued |
Illinois Fin. Auth. Rev.: - continued | | | |
(Museum of Science & Industry Proj.): | | | |
Series 2009 A, 0.18% 9/7/12, LOC Bank of America NA, VRDN (c) | $ 15,500 | | $ 15,500 |
Series 2009 C, 0.17% 9/7/12, LOC PNC Bank NA, VRDN (c) | 3,600 | | 3,600 |
Series 2009 D, 0.17% 9/7/12, LOC Northern Trust Co., VRDN (c) | 15,500 | | 15,500 |
(OSF Healthcare Sys. Proj.) Series 2009 C, 0.18% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 8,000 | | 8,000 |
(Provena Health Proj.): | | | |
Series 2009 C, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 16,300 | | 16,300 |
Series 2010 D, 0.18% 9/7/12, LOC Union Bank of California, VRDN (c) | 24,985 | | 24,985 |
(Rockford Mem. Hosp. Proj.) 0.17% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 20,200 | | 20,200 |
(Rush Univ. Med. Ctr. Proj.) Series 2008 A, 0.19% 9/7/12, LOC Northern Trust Co., VRDN (c) | 7,700 | | 7,700 |
(Saint Xavier Univ. Proj.) Series 2008, 0.23% 9/7/12, LOC Bank of America NA, VRDN (c) | 10,375 | | 10,375 |
(Swedish Covenant Hosp. Proj.) Series 2008 A, 0.2% 9/7/12, LOC Bank of America NA, VRDN (c) | 37,810 | | 37,810 |
Participating VRDN: | | | |
Series BA 08 1137, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 12,855 | | 12,855 |
Series EGL 06 115, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 5,445 | | 5,445 |
Series Putters 3174, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 15,620 | | 15,620 |
Series Putters 3378, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 11,200 | | 11,200 |
Series Putters 3435, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 2,105 | | 2,105 |
Series WF 12 2C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 20,750 | | 20,750 |
Illinois Fin. Auth. Solid Waste Rev. (Republic Svcs., Inc. Proj.) Series 2004, 0.23% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 18,000 | | 18,000 |
Illinois Health Facilities Auth. Rev. (Herman M. Finch Univ. of Health Sciences/The Chicago Med. School Proj.) Series 2003, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 15,000 | | 15,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Illinois - continued |
Illinois Hsg. Dev. Auth. Multi-family Hsg. Rev.: | | | |
(Lakeshore Plaza Proj.) Series 2008 B, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | $ 31,985 | | $ 31,985 |
(Prairie Station Apts. Proj.) 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 17,900 | | 17,900 |
(Valley View Apts. Proj.) 0.18% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 11,065 | | 11,065 |
Illinois Sales Tax Rev. Participating VRDN Series WF 11 125C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 13,700 | | 13,700 |
Illinois Toll Hwy. Auth. Toll Hwy. Rev.: | | | |
Participating VRDN: | | | |
Series MT 751, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 24,975 | | 24,975 |
Series MT 773, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 10,485 | | 10,485 |
Series 2007 A-2A, 0.19% 9/7/12, LOC Bank of Tokyo-Mitsubishi UFJ Ltd., VRDN (c) | 25,800 | | 25,800 |
0.19% 9/7/12, LOC Citibank NA, VRDN (c) | 69,000 | | 69,000 |
Lake County Solid Waste Disp. Facilities Rev. (Countryside Landfill, Inc. Proj.) Series B, 0.21% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 4,320 | | 4,320 |
Lisle Village Multi-family Hsg. Rev. (Devonshire of Lisle Proj.) Series 1991, 0.22% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 6,000 | | 6,000 |
Metropolitan Pier & Exposition Participating VRDN: | | | |
Series MS 3214, 0.24% 9/7/12 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (c)(g) | 20,000 | | 20,000 |
Series MS 3220, 0.17% 9/7/12 (Liquidity Facility Cr. Suisse New York Branch) (c)(g) | 27,900 | | 27,900 |
Series MS 3297, 0.17% 9/7/12 (Liquidity Facility Cr. Suisse New York Branch) (c)(g) | 5,000 | | 5,000 |
Series Putters 3861, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 20,375 | | 20,375 |
Series RBC O 42, 0.17% 9/7/12 (Liquidity Facility Royal Bank of Canada) (c)(g) | 4,320 | | 4,320 |
Series ROC II R 11880, 0.18% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 7,500 | | 7,500 |
Palos Hills Multi-family Hsg. Rev. (Green Oaks Proj.) Series 1998, 0.22% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 14,300 | | 14,300 |
Univ. of Illinois Rev. Series 2008, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 26,205 | | 26,205 |
| | 1,115,985 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Indiana - 1.0% |
Crawford County Econ. Dev. Rev. (Jasper Engine Exchange Proj.) Series 1997, 0.3% 9/7/12, LOC PNC Bank NA, VRDN (c)(f) | $ 400 | | $ 400 |
Eclipse Fdg. Trust Cus. Rpt. Various States Participating VRDN Series Solar 07 26, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 13,435 | | 13,435 |
Elkhart County Multi-family Hsg. Rev. (Pedcor Investments Proj.) Series 2000, 0.22% 9/7/12, LOC Fed. Home Ln. Bank, Indianapolis, VRDN (c)(f) | 7,456 | | 7,456 |
Hammond Swr. & Solid Waste Disp. Rev. (Cargill, Inc. Proj.) 0.23% 9/7/12, VRDN (c)(f) | 39,000 | | 39,000 |
Indiana Dev. Fin. Auth. Envir. Rev. (Duke Energy Indiana, Inc. Proj.) Series 2009 A3, 0.19% 9/7/12, LOC Mizuho Corporate Bank Ltd., VRDN (c) | 15,425 | | 15,425 |
Indiana Dev. Fin. Auth. Poll. Cont. Rev. (Southern Indiana Gas and Elec. Co. Proj.) Series 1998 A, 0.17% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 16,550 | | 16,550 |
Indiana Dev. Fin. Auth. Solid Waste Disp. Rev. (Waste Mgmt., Inc. Proj.) Series 2002 B, 0.2% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 14,000 | | 14,000 |
Indiana Fin. Auth. Health Sys. Rev. Participating VRDN Series 3654 Z, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 15,730 | | 15,730 |
Indiana Fin. Auth. Hosp. Rev.: | | | |
(Cmnty. Health Network Proj.) Series 2009 A, 0.2% 9/7/12, LOC Bank of America NA, VRDN (c) | 33,435 | | 33,435 |
Series 2011 A, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 16,420 | | 16,420 |
Indiana Health & Edl. Facilities Fing. Auth. Rev. Participating VRDN Series Solar 07 63, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 15,085 | | 15,085 |
Indiana Health Facilities Fing. Auth. Hosp. Rev. (Cmnty. Hospitals Proj.) Series 1997 A, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 7,000 | | 7,000 |
Indianapolis Econ. Dev. Rev. (Pine Glen Apts. Proj.) 0.22% 9/7/12, LOC Fed. Home Ln. Bank, Cincinnati, VRDN (c)(f) | 6,110 | | 6,110 |
Knox Econ. Dev. Rev. (Toll IN LLC Proj.) 0.24% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 9,435 | | 9,435 |
Marion Econ. Dev. Rev. (Indiana Wesleyan Univ. Proj.) Series 2006, 0.23% 9/7/12, LOC Bank of America NA, VRDN (c) | 15,000 | | 15,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Indiana - continued |
RBC Muni. Products, Inc. Trust Participating VRDN Series RBC E 23, 0.17% 9/7/12 (Liquidity Facility Royal Bank of Canada) (c)(g) | $ 20,500 | | $ 20,500 |
Warrick County Poll. Cont. Rev. (Southern Indiana Gas and Elec. Co. Proj.) Series 1985 A, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 9,775 | | 9,775 |
| | 254,756 |
Iowa - 0.1% |
Iowa Fin. Auth. Series 2005 C, 0.21% 9/7/12 (Liquidity Facility State Street Bank & Trust Co., Boston), VRDN (c)(f) | 6,420 | | 6,420 |
Iowa Fin. Auth. Poll. Cont. Facility Rev. (MidAmerican Energy Proj.) Series 2008 B, 0.18% 9/7/12, VRDN (c) | 14,000 | | 14,000 |
Iowa Fin. Auth. Solid Disp. Waste Rev. (MidAmerican Energy Proj.) Series 2008 A, 0.21% 9/7/12, VRDN (c)(f) | 3,100 | | 3,100 |
Iowa Fin. Auth. Wellness Facilities Rev. (Cmnty. Y of Marshalltown Proj.) Series 2001, 0.17% 9/7/12, LOC Northern Trust Co., VRDN (c) | 5,800 | | 5,800 |
| | 29,320 |
Kansas - 0.2% |
Chanute Indl. Dev. Rev. (Ash Grove Cement Co. Proj.) Series 2000, 0.23% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 25,100 | | 25,100 |
Lenexa Multi-family Hsg. Rev. (Meadows Apts. Proj.) Series A, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 14,975 | | 14,975 |
| | 40,075 |
Kentucky - 2.0% |
Boyd County Sewage & Solid Waste Rev. (Air Products and Chemicals, Inc. Proj.) Series 2003, 0.19% 9/7/12, VRDN (c)(f) | 8,500 | | 8,500 |
Carroll County Envir. Facilities Rev. (Kentucky Utils. Co. Proj.): | | | |
Series 2004 A, 0.2% 9/7/12, LOC Sumitomo Mitsui Banking Corp., VRDN (c)(f) | 12,000 | | 12,000 |
Series 2006 B, 0.2% 9/7/12, LOC Sumitomo Mitsui Banking Corp., VRDN (c)(f) | 30,000 | | 30,000 |
Series 2008 A, 0.2% 9/7/12, LOC Sumitomo Mitsui Banking Corp., VRDN (c)(f) | 74,947 | | 74,947 |
Daviess County Exempt Facilities Rev. (Kimberly-Clark Tissue Co. Proj.) Series 1999, 0.21% 9/7/12 (Kimberly-Clark Corp. Guaranteed), VRDN (c)(f) | 4,870 | | 4,870 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Kentucky - continued |
Daviess County Solid Waste Disp. Facilities Rev. (Scott Paper Co. Proj.): | | | |
Series 1993 A, 0.21% 9/7/12 (Kimberly-Clark Corp. Guaranteed), VRDN (c)(f) | $ 67,250 | | $ 67,250 |
Series 1993 B, 0.21% 9/7/12 (Kimberly-Clark Corp. Guaranteed), VRDN (c)(f) | 37,700 | | 37,700 |
Elizabethtown Indl. Bldg. Rev. (Altec Industries, Inc. Proj.) Series 1997, 0.24% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 4,000 | | 4,000 |
Henderson County Indl. Dev. Auth. (Pittsburg Tank & Tower Co. Proj.) 0.22% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 100 | | 100 |
Kentucky Econ. Dev. Fin. Auth. Hosp. Rev. (St. Elizabeth Med. Ctr., Inc. Proj.) Series 2009 B, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 9,075 | | 9,075 |
Kentucky Higher Ed. Student Ln. Corp. Rev.: | | | |
Series 2008 A1, 0.21% 9/7/12, LOC State Street Bank & Trust Co., Boston, LOC Bank of America NA, VRDN (c)(f) | 124,060 | | 124,060 |
Series 2008 A2, 0.21% 9/7/12, LOC State Street Bank & Trust Co., Boston, LOC Bank of America NA, VRDN (c)(f) | 47,525 | | 47,525 |
Kentucky Hsg. Corp. Conduit Multi-family Mtg. Rev. (Gleneagles Apts. Proj.) 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 9,600 | | 9,600 |
Kentucky Hsg. Corp. Multi-family Rev. (Canterbury Southgate Hsg. Proj.) 0.18% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 12,565 | | 12,565 |
Kentucky Muni. Pwr. Agcy. Pwr. Sys. Rev. Participating VRDN Series Solar 07 107, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 20,550 | | 20,550 |
Larue County Indl. Dev. Rev. (CMH Hodgenville, Inc. Proj.) Series 2000, 0.21% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 6,000 | | 6,000 |
Louisville & Jefferson County Metropolitan Govt. Multi-family Hsg. Rev. (Waterford Place Apts. Proj.) Series 2003, 0.19% 9/7/12, LOC Freddie Mac, VRDN (c) | 9,425 | | 9,425 |
Mercer County Solid Waste Disp. Facility Rev. (Kentucky Utils. Co. Proj.) Series 2000 A, 0.19% 9/7/12, 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, 0.2% 9/7/12, LOC PNC Bank NA, VRDN (c)(f) | 11,000 | | 11,000 |
| | 502,067 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Louisiana - 1.9% |
Louisiana Gas & Fuel Tax Rev. Participating VRDN: | | | |
Series Putters 3806, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | $ 9,990 | | $ 9,990 |
Series ROC II R 11888X, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 5,975 | | 5,975 |
Series Solar 06 133, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 6,865 | | 6,865 |
Series WF 12 32C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 12,250 | | 12,250 |
Louisiana Gen. Oblig. Participating VRDN: | | | |
Series Putters 4119, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 18,480 | | 18,480 |
Series Putters 4120, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 18,585 | | 18,585 |
Series Putters 4121, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 17,400 | | 17,400 |
Series Putters 4122, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 17,955 | | 17,955 |
Louisiana Hsg. Fin. Auth. Multi-family Hsg. Rev. (The Reserve at Jefferson Proj.) Series 2008, 0.22% 9/7/12, LOC Freddie Mac, VRDN (c) | 4,095 | | 4,095 |
Louisiana Offshore Term. Auth. Deepwater Port Rev. (LOOP LLC Proj.) Series 2003 B, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 25,175 | | 25,175 |
Louisiana Pub. Facilities Auth. Gulf Opportunity Zone Rev. (Celtic Mgmt. Corp. Proj.) Series 2008, 0.17% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 14,785 | | 14,785 |
Louisiana Pub. Facilities Auth. Hosp. Rev. (Franciscan Missionaries of Our Lady Health Sys. Proj.) Series 2008 A, 0.19% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 23,510 | | 23,510 |
Louisiana Pub. Facilities Auth. Rev.: | | | |
(Air Products & Chemicals, Inc. Proj.): | | | |
Series 2002, 0.19% 9/7/12, VRDN (c)(f) | 1,000 | | 1,000 |
Series 2003, 0.19% 9/7/12, VRDN (c)(f) | 15,650 | | 15,650 |
Series 2004, 0.18% 9/7/12, VRDN (c) | 2,285 | | 2,285 |
Series 2009 A, 0.18% 9/7/12, VRDN (c) | 30,415 | | 30,415 |
(C-Port LLC Proj.) Series 2008, 0.22% 9/7/12, LOC Bank of America NA, VRDN (c) | 8,100 | | 8,100 |
South Louisiana Port Commission Port Facilities Rev. (Holnam, Inc. Proj.) 0.23% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 22,000 | | 22,000 |
St. James Parish Gen. Oblig.: | | | |
(Nucor Steel Louisiana LLC Proj.) Series 2010 B1: | | | |
0.17% 9/7/12, VRDN (c) | 31,500 | | 31,500 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Louisiana - continued |
St. James Parish Gen. Oblig.: - continued | | | |
0.18% 9/7/12, VRDN (c) | $ 39,500 | | $ 39,500 |
(NuStar Logistics LP Proj.): | | | |
Series 2010 A, 0.16% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 25,000 | | 25,000 |
Series 2010 B, 0.16% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 28,500 | | 28,500 |
Series 2010, 0.15% 9/7/12, LOC Mizuho Corporate Bank Ltd., VRDN (c) | 61,200 | | 61,200 |
Series 2011, 0.16% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 40,000 | | 40,000 |
| | 480,215 |
Maine - 0.2% |
Maine Fin. Auth. Solid Waste Disposable Rev. (Casella Waste Systems, Inc. Proj.) 0.24% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 3,600 | | 3,600 |
Maine Hsg. Auth. Multi-family Dev. Rev. (Park Village Apts. Proj.) 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 23,100 | | 23,100 |
Maine Pub. Util. Fin. Pub. Util. Rev. (Maine Pub. Svc. Co. Proj.) Series 1996, 0.48% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 13,600 | | 13,600 |
| | 40,300 |
Maryland - 0.6% |
Maryland Cmnty. Dev. Administration Dept. of Hsg. & Cmnty. Dev. (Parlane Apts. Proj.) Series 2001 C, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 3,400 | | 3,400 |
Maryland Econ. Dev. Auth. Rev. (Associated Projs.) Series A, 0.2% 9/7/12, LOC Bank of America NA, VRDN (c) | 14,805 | | 14,805 |
Maryland Health & Higher Edl. Facilities Auth. Rev.: | | | |
(Anne Arundel Health Sys. Proj.) Series 2009 B, 0.23% 9/7/12, LOC Bank of America NA, VRDN (c) | 2,500 | | 2,500 |
(Mercy Med. Ctr. Proj.) Series 2007 D, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 5,300 | | 5,300 |
(Villa Julie College, Inc. Proj.) Series 2005, 0.24% 9/7/12, LOC Bank of America NA, VRDN (c) | 55,925 | | 55,925 |
Maryland Trans. Auth. Trans. Facility Projects Rev. Participating VRDN: | | | |
Series BA 08 1077, 0.24% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 5,055 | | 5,055 |
Series ROC II R 11437, 0.18% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 10,000 | | 10,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Maryland - continued |
Montgomery County Econ. Dev. Rev. (Georgetown Preparatory School, Inc. Proj.) Series 2005, 0.23% 9/7/12, LOC Bank of America NA, VRDN (c) | $ 16,900 | | $ 16,900 |
Montgomery County Hsg. Opportunity Commission Single Family Mtg. Rev.: | | | |
Series 2007 F, 0.18% 9/7/12, LOC PNC Bank NA, VRDN (c)(f) | 10,000 | | 10,000 |
Series 2008 C, 0.18% 9/7/12, LOC PNC Bank NA, VRDN (c)(f) | 8,450 | | 8,450 |
Washington Suburban San. District Participating VRDN Series WF 11 129C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 18,310 | | 18,310 |
| | 150,645 |
Massachusetts - 0.9% |
Massachusetts Bay Trans. Auth. Series 1999, 0.23% 9/7/12 (Massachusetts Gen. Oblig. Guaranteed), VRDN (c) | 5,000 | | 5,000 |
Massachusetts Dept. of Trans. Metropolitan Hwy. Sys. Rev. Series 2010 A3, 0.18% 9/7/12, LOC Bank of America NA, VRDN (c) | 8,845 | | 8,845 |
Massachusetts Gen. Oblig. Participating VRDN: | | | |
Series Clipper 07 39, 0.2% 9/7/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(g) | 2,675 | | 2,675 |
Series Clipper 07 41, 0.2% 9/7/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(g) | 39,000 | | 39,000 |
Massachusetts Health & Edl. Facilities Auth. Rev. Participating VRDN: | | | |
Series PT 4633, 0.31% 9/7/12 (Liquidity Facility Deutsche Postbank AG) (c)(g) | 40,450 | | 40,450 |
Series Putters 4244, 0.19% 9/7/12 (Liquidity Facility Deutsche Bank AG New York Branch) (c)(g) | 11,765 | | 11,765 |
Massachusetts School Bldg. Auth. Dedicated Sales Tax Rev. Participating VRDN: | | | |
ROC II R 12193, 0.19% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 4,000 | | 4,000 |
Series EGL 07 0031, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 16,500 | | 16,500 |
Series Putters 3990, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 2,000 | | 2,000 |
Series Putters 4029, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 2,685 | | 2,685 |
Series ROC II R 14021, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 4,500 | | 4,500 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Massachusetts - continued |
Massachusetts Wtr. Poll. Abatement Trust Participating VRDN: | | | |
Series Clipper 05 36, 0.17% 9/7/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(g) | $ 11,835 | | $ 11,835 |
Series Clipper 06 11, 0.2% 9/7/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(g) | 59,605 | | 59,605 |
Series PT 4644, 0.31% 9/7/12 (Liquidity Facility Deutsche Postbank AG) (c)(g) | 9,980 | | 9,980 |
Series ROC II R 11537, 0.27% 9/7/12 (Liquidity Facility Deutsche Postbank AG) (c)(g) | 5,085 | | 5,085 |
| | 223,925 |
Michigan - 0.9% |
Detroit City School District Participating VRDN Series Solar 06 01, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 3,400 | | 3,400 |
Kent Hosp. Fin. Auth. Hosp. Facilities Rev. (Metropolitan Hosp. Proj.) Series 2012, 0.21% 9/7/12, LOC Bank of America NA, VRDN (c) | 19,900 | | 19,900 |
Livonia Econ. Dev. Corp. (Madonna Univ. Proj.) Series 2009, 0.18% 9/7/12, LOC Fed. Home Ln. Bank Chicago, VRDN (c) | 13,405 | | 13,405 |
Michigan Fin. Auth. Rev.: | | | |
Participating VRDN: | | | |
Series ROC II R 11988, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 2,750 | | 2,750 |
Series ROC II R 14014, 0.18% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 2,145 | | 2,145 |
Series 2012 C, 0.17% 9/7/12, LOC Citibank NA, VRDN (c) | 31,000 | | 31,000 |
Michigan Hosp. Fin. Auth. Rev. (McLaren Health Care Corp. Proj.) Series 2008 B3, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 12,000 | | 12,000 |
Michigan Hsg. Dev. Auth. Single Family Mtg. Rev. Series 2007 B, 0.18% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 35,400 | | 35,400 |
Michigan State Univ. Revs. Participating VRDN Series WF 11 33 C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 3,000 | | 3,000 |
Michigan Strategic Fund Ltd. Oblig. Rev. (Consumers Energy Co. Proj.): | | | |
0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 17,000 | | 17,000 |
0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 30,500 | | 30,500 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Michigan - continued |
Wayne County Arpt. Auth. Rev.: | | | |
0.17% 9/7/12, LOC PNC Bank NA, VRDN (c)(f) | $ 35,000 | | $ 35,000 |
0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 16,360 | | 16,360 |
| | 221,860 |
Minnesota - 0.4% |
Eagan Multi-family Rev. (Thomas Lake Place Apts. Proj.) Series 2003 A1, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 6,525 | | 6,525 |
Hennepin County Hsg. & Redev. Auth. Multi-family Rev. (Stone Arch Apts. Proj.) 0.2% 9/7/12, 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, 0.16% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 15,100 | | 15,100 |
Minneapolis & Saint Paul Metropolitan Arpts. Commission Arpt. Rev. Participating VRDN Series MT 775, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 8,895 | | 8,895 |
Minneapolis Multi-family Rev. (Gateway Real Estate Proj.) 0.22% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 1,805 | | 1,805 |
Minnesota Gen. Oblig. Participating VRDN: | | | |
Series ROC II R 11538, 0.27% 9/7/12 (Liquidity Facility Deutsche Postbank AG) (c)(g) | 10,310 | | 10,310 |
Series WF 11 110C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 9,415 | | 9,415 |
Minnesota Office of Higher Ed.: | | | |
Series 2008 B, 0.18% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 4,750 | | 4,750 |
Series 2011 B, 0.18% 9/7/12, LOC State Street Bank & Trust Co., Boston, VRDN (c)(f) | 16,000 | | 16,000 |
Oak Park Heights Multi-family Rev. 0.15% 9/7/12, LOC Freddie Mac, VRDN (c) | 9,265 | | 9,265 |
Richfield Multi-family Hsg. Rev. (Lynwood Partners, LLC Proj.) Series 2010, 0.16% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 11,150 | | 11,150 |
St. Paul City Port Auth. District Heating Rev. Series 2009 5O, 0.19% 9/7/12, LOC Deutsche Bank AG, VRDN (c) | 2,200 | | 2,200 |
St. Paul Port Auth. District Cooling Rev. Series 2009 12EE, 0.21% 9/7/12, LOC Deutsche Bank AG, VRDN (c)(f) | 4,700 | | 4,700 |
| | 109,915 |
Mississippi - 0.2% |
Mississippi Bus. Fin. Corp. Indl. Dev. Rev. (Omega Motion LLC Proj.) Series 1996, 0.32% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 500 | | 500 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Mississippi - continued |
Mississippi Bus. Fin. Corp. Solid Waste Disp. Rev. (Waste Mgmt., Inc. Proj.) 0.3% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | $ 10,000 | | $ 10,000 |
Mississippi Dev. Bank Spl. Oblig. (Harrison County Proj.) Series 2008 A2, 0.2% 9/7/12, LOC Bank of America NA, VRDN (c) | 14,000 | | 14,000 |
Mississippi Gen. Oblig. Participating VRDN Series WF 11 117C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 18,505 | | 18,505 |
Mississippi Home Corp. Multi-family Hsg. Rev. (Bristol Park Apts. Proj.) Series 2001 1, 0.22% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 7,600 | | 7,600 |
| | 50,605 |
Missouri - 0.9% |
Bi-State Dev. Agcy. Missouri Illinois Metropolitan District Rev. (Metrolink Cross County Extension Proj.) Series 2010 A, 0.2% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 18,850 | | 18,850 |
Curators of the Univ. of Missouri Sys. Facilities Rev. Participating VRDN: | | | |
Series MT 750, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 11,975 | | 11,975 |
Series Putters 4166, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 8,945 | | 8,945 |
Grandview Indl. Dev. Auth. Multi-family Hsg. Rev. (Briarwood Apts. Proj.) 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 12,100 | | 12,100 |
Kansas City Indl. Dev. Auth. Air Cargo Facility Rev. (Kansas City Air Cargo Svcs. Proj.) 0.21% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 2,310 | | 2,310 |
Missouri Health & Edl. Facilities Auth. Edl. Facilities Rev.: | | | |
(Lutheran High School Assoc. Proj.) Series 2002, 0.17% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 3,140 | | 3,140 |
Participating VRDN: | | | |
Series PT 4624, 0.31% 9/7/12 (Liquidity Facility Deutsche Postbank AG) (c)(g) | 11,055 | | 11,055 |
Series Putters 3929, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 2,785 | | 2,785 |
Missouri Health & Edl. Facilities Auth. Health Facilities Rev.: | | | |
(Cox Health Sys. Proj.) Series 2008 C, 0.21% 9/7/12, LOC Bank of America NA, VRDN (c) | 31,860 | | 31,860 |
(SSM Health Care Sys. Proj.) Series 2010 D, 0.16% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 6,460 | | 6,460 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Missouri - continued |
Missouri Highways & Trans. Commission State Road Rev. Participating VRDN: | | | |
Series MT 736, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | $ 36,585 | | $ 36,585 |
Series PT 4625, 0.31% 9/7/12 (Liquidity Facility Deutsche Postbank AG) (c)(g) | 10,195 | | 10,195 |
Saint Louis Indl. Dev. Auth.: | | | |
(Metropolitan Lofts Apts. Proj.) Series 2003 A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 28,000 | | 28,000 |
(Saint Luke's Plaza Apts. Proj.) Series 2009, 0.18% 9/7/12 (Liquidity Facility Freddie Mac), VRDN (c) | 1,900 | | 1,900 |
Springfield Pub. Util. Rev. Participating VRDN Series Solar 06 156, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 30,165 | | 30,165 |
| | 216,325 |
Montana - 0.1% |
Montana Board Invt. Resource Recovery Rev. (Colstrip Proj.) Series 1989, 0.19% 9/7/12, LOC Union Bank of California, VRDN (c)(f) | 27,000 | | 27,000 |
Nebraska - 1.0% |
Central Plains Energy Proj. Rev. (Nebraska Gas Proj.) Series 2009, 0.18% 9/7/12 (Liquidity Facility Royal Bank of Canada), VRDN (c) | 53,000 | | 53,000 |
Douglas County Solid Waste Disp. Rev. (Waste Mgmt., Inc. Proj.) Series A, 0.21% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 9,000 | | 9,000 |
Nebraska Invt. Fin. Auth. Single Family Hsg. Rev. Series 2010 C, 0.18% 9/7/12 (Liquidity Facility Fed. Home Ln. Bank Topeka), VRDN (c)(f) | 125,850 | | 125,850 |
Nebraska Pub. Pwr. Generation Agcy. Rev. Participating VRDN Series Solar 07 20, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 44,405 | | 44,405 |
Washington County Indl. Dev. Rev. (Cargill Dow Polymers LLC Proj.) Series 2000, 0.17% 9/7/12 (Cargill, Inc. Guaranteed) (Dow Chemical Co. Guaranteed), LOC Wells Fargo Bank NA, VRDN (c)(f) | 5,400 | | 5,400 |
| | 237,655 |
Nevada - 2.9% |
Clark County Arpt. Rev.: | | | |
Series 2008 C1, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 122,900 | | 122,900 |
Series 2008 C2, 0.65% 9/7/12, LOC Landesbank Baden-Wuert, VRDN (c)(f) | 44,350 | | 44,350 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Nevada - continued |
Clark County Arpt. Rev.: - continued | | | |
Series 2008 C3, 0.7% 9/7/12, LOC Landesbank Baden-Wuert, VRDN (c)(f) | $ 20,000 | | $ 20,000 |
Series 2008 D 2A, 0.19% 9/7/12, LOC Citibank NA, VRDN (c) | 63,900 | | 63,900 |
Series 2008 D 2B, 0.17% 9/7/12, LOC Royal Bank of Canada, VRDN (c) | 26,500 | | 26,500 |
Series 2008 D1, 0.19% 9/7/12, LOC Citibank NA, VRDN (c) | 38,400 | | 38,400 |
Series 2011 B1, 0.21% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 88,700 | | 88,700 |
Series 2011 B2, 0.19% 9/7/12, LOC Royal Bank of Canada, VRDN (c)(f) | 30,000 | | 30,000 |
Clark County Fuel Tax Participating VRDN: | | | |
Series BA 08 1171, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 47,475 | | 47,475 |
Series Putters 3158, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 32,110 | | 32,110 |
Series ROC II R 11507, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 2,740 | | 2,740 |
Clark County Indl. Dev. Rev. (Southwest Gas Corp. Proj.): | | | |
Series 2003 A, 0.23% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 17,200 | | 17,200 |
Series 2009 A, 0.19% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 2,000 | | 2,000 |
Clark County McCarran Int'l. Arpt. Passenger Facility Charge Rev. Series 2010 F2, 0.17% 9/7/12, LOC Union Bank of California, VRDN (c) | 48,200 | | 48,200 |
Clark County Wtr. Reclamation District Participating VRDN Series Putters 3355, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 7,500 | | 7,500 |
Las Vegas Valley Wtr. District Wtr. Impt. Gen. Oblig. Participating VRDN Series Solar 06 93, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 14,000 | | 14,000 |
Nevada Dept. of Bus. & Industry: | | | |
(LVE Energy Partners LLC Proj.) 0.18% 9/7/12, LOC Sumitomo Mitsui Banking Corp., VRDN (c)(f) | 37,800 | | 37,800 |
(Republic Svcs., Inc. Proj.) 0.24% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 2,000 | | 2,000 |
Nevada Hsg. Division (Horizon Apt. Hsg. Proj.) Series 2000 A, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 7,410 | | 7,410 |
North Las Vegas Gen. Oblig. Participating VRDN Series Solar 06 89, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 30,340 | | 30,340 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Nevada - continued |
Reno Hosp. Rev. (Renown Reg'l. Med. Ctr. Proj.): | | | |
Series 2008 A, 0.19% 9/7/12, LOC Union Bank of California, VRDN (c) | $ 20,500 | | $ 20,500 |
Series 2009 A, 0.19% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 7,000 | | 7,000 |
| | 711,025 |
New Hampshire - 0.3% |
Manchester Arpt. Rev. Series 2008, 0.2% 9/7/12, LOC RBS Citizens NA, VRDN (c)(f) | 16,500 | | 16,500 |
New Hampshire Bus. Fin. Auth. Exempt Facilities Rev. (Waste Mgmt. of New Hampshire, Inc. Proj.) 0.22% 9/1/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 20,000 | | 20,000 |
New Hampshire Bus. Fin. Auth. Ind. Dev. Rev. (Wiggins Airways Proj.) Series 1998, 0.86% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 3,300 | | 3,300 |
New Hampshire Bus. Fin. Auth. Resource Recovery Rev. (Wheelabrator Concord Co. LP Proj.) Series 1997 A, 0.18% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 13,800 | | 13,800 |
New Hampshire Bus. Fin. Auth. Rev. (Luminescent Sys., Inc. Proj.) Series 1998, 0.4% 9/7/12, LOC HSBC Bank USA, NA, VRDN (c)(f) | 1,450 | | 1,450 |
New Hampshire Health & Ed. Facilities Auth. Rev.: | | | |
(Exeter Hosp. Obligated Group Proj.) Series 2001 B, 0.25% 9/7/12, LOC Bank of America NA, VRDN (c) | 7,870 | | 7,870 |
Series 2011 B, 0.2% 9/7/12, LOC Royal Bank of Canada, VRDN (c)(f) | 3,000 | | 3,000 |
New Hampshire Hsg. Fin. Auth. Multi-family Rev. (Pheasant Run Proj.) 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 16,400 | | 16,400 |
| | 82,320 |
New Jersey - 0.1% |
New Jersey Hsg. & Mtg. Fin. Agcy. Multi-family Rev. Series 2008 F, 0.19% 9/7/12, 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 2012 A, 0.43% 9/7/12, VRDN (c)(f) | 15,000 | | 15,000 |
| | 22,600 |
New Jersey/Pennsylvania - 0.0% |
Delaware River Port Auth. Pennsylvania & New Jersey Rev. Series 2008 A, 0.17% 9/7/12, LOC Bank of America NA, VRDN (c) | 6,700 | | 6,700 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
New Mexico - 0.2% |
New Mexico Edl. Assistance Foundation: | | | |
Series 2003 A2, 0.19% 9/7/12, LOC Royal Bank of Canada, VRDN (c)(f) | $ 14,650 | | $ 14,650 |
Series 2004 A1, 0.19% 9/7/12, LOC Royal Bank of Canada, VRDN (c)(f) | 5,285 | | 5,285 |
Series 2004 A2, 0.19% 9/7/12, LOC Royal Bank of Canada, VRDN (c)(f) | 16,560 | | 16,560 |
Series 2004 A3, 0.19% 9/7/12, LOC Royal Bank of Canada, VRDN (c)(f) | 16,000 | | 16,000 |
Rio Rancho Wtr. & Wastewtr. Sys. Rev. Participating VRDN Series Solar 2007 19, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 4,490 | | 4,490 |
Univ. of New Mexico Univ. Revs. Participating VRDN Series ROC II R 11961, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 2,000 | | 2,000 |
| | 58,985 |
New York - 5.9% |
Monroe County Indl. Dev. Agcy. Civic Facility Rev. (Margaret Woodbury Strong Museum Proj.) Series 2005, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 11,640 | | 11,640 |
Nassau County Indl. Dev. Agcy. (Amsterdam at Harborside Proj.) Series 2007 C, 0.22% 9/7/12, LOC Bank of America NA, VRDN (c) | 11,900 | | 11,900 |
New York City Gen. Oblig.: | | | |
Participating VRDN Series Putters 3196, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 8,425 | | 8,425 |
Series 2004 H6, 0.19% 9/7/12, LOC Bank of America NA, VRDN (c) | 34,005 | | 34,005 |
Series 2008 J6, 0.22% 9/4/12, LOC Landesbank Hessen-Thuringen, VRDN (c) | 4,500 | | 4,500 |
Series 2008 J8, 0.21% 9/4/12, LOC Landesbank Baden-Wuert, VRDN (c) | 30,800 | | 30,800 |
Series 2012 G3, 0.17% 9/7/12 (Liquidity Facility Citibank NA), VRDN (c) | 82,830 | | 82,830 |
New York City Hsg. Dev. Corp. Multi-family Mtg. Rev.: | | | |
(941 Hoe Avenue Apts. Proj.) Series A, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 6,660 | | 6,660 |
(Beacon Mews Dev. Proj.) Series 2006 A, 0.22% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 8,000 | | 8,000 |
(Beekman Tower Proj.) Series 2008 A, 0.18% 9/7/12, LOC RBS Citizens NA, VRDN (c) | 26,000 | | 26,000 |
(Courtland Avenue Apts. Proj.) Series A, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 5,905 | | 5,905 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
New York - continued |
New York City Hsg. Dev. Corp. Multi-family Mtg. Rev.: - continued | | | |
(East 165th Street Proj.) Series A, 0.22% 9/7/12, LOC Citibank NA, VRDN (c)(f) | $ 7,665 | | $ 7,665 |
(Intervale Gardens Apts.) Series A, 0.22% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 3,115 | | 3,115 |
(Manhattan Court Dev. Proj.) Series A, 0.22% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 16,500 | | 16,500 |
(Morris Ave. Apts. Proj.) Series A, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 14,700 | | 14,700 |
(Peter Cintron Apts. Proj.) Series C, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 4,140 | | 4,140 |
(State Renaissance Court Proj.) Series A, 0.2% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 8,700 | | 8,700 |
(Villa Avenue Apts. Proj.) Series 2006 A, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 5,990 | | 5,990 |
New York City Hsg. Dev. Corp. Multi-family Rental Hsg. Rev.: | | | |
(Brittany Dev. Proj.) Series A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 18,500 | | 18,500 |
(Linden Plaza Proj.) Series 2008 A, 0.2% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 68,935 | | 68,935 |
(One Columbus Place Dev. Proj.) Series A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 32,915 | | 32,915 |
(Related-Tribeca Tower Proj.) Series 1997 A, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 15,000 | | 15,000 |
(Rivereast Apts. Proj.) Series A, 0.2% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 4,150 | | 4,150 |
(West 43rd Street Proj.) Series 1999 A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 3,300 | | 3,300 |
(West End Towers Proj.) Series 2004 A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 16,500 | | 16,500 |
(Westport Dev. Proj.) Series 2004 A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 61,000 | | 61,000 |
Series 2002 A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 23,800 | | 23,800 |
New York City Indl. Dev. Agcy. Civic Facility Rev. (Casa Proj.) Series 2000, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 12,645 | | 12,645 |
New York City Indl. Dev. Agcy. Spl. Facilities Rev. (New York Stock Exchange Proj.) Series 2004 B, 0.19% 9/7/12, LOC Bank of America NA, VRDN (c) | 11,165 | | 11,165 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
New York - continued |
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev. Participating VRDN: | | | |
Series EGL 06 69 Class A, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | $ 16,400 | | $ 16,400 |
Series EGL 07 0157, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 19,800 | | 19,800 |
Series EGL 09 46A, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 13,430 | | 13,430 |
Series Putters 3384, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 3,750 | | 3,750 |
Series Putters 3496Z, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 7,945 | | 7,945 |
Series ROC II R 11931, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 3,750 | | 3,750 |
New York City Transitional Fin. Auth. Rev.: | | | |
Participating VRDN: | | | |
Series EGL 07 0019, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 8,865 | | 8,865 |
Series Putters 4084Z, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 3,850 | | 3,850 |
Series ROC II R 11971, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 2,000 | | 2,000 |
Series ROC II R 11972, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 2,900 | | 2,900 |
Series ROC II R 11994, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 4,500 | | 4,500 |
Series 2001 B, 0.2% 9/4/12 (Liquidity Facility Landesbank Baden-Wuert), VRDN (c) | 9,300 | | 9,300 |
Series 2003 1E, 0.19% 9/7/12 (Liquidity Facility Bayerische Landesbank Girozentrale), VRDN (c) | 15,280 | | 15,280 |
New York Dorm. Auth. Personal Income Tax Rev. Participating VRDN: | | | |
Series Putters 3518, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 2,640 | | 2,640 |
Series Putters 3698 Z, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 15,800 | | 15,800 |
Series ROC II R 14005, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 14,030 | | 14,030 |
0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 7,930 | | 7,930 |
New York Dorm. Auth. Revs.: | | | |
(City Univ. Proj.) Series 2008 C, 0.18% 9/7/12, LOC Bank of America NA, VRDN (c) | 4,000 | | 4,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
New York - continued |
New York Dorm. Auth. Revs.: - continued | | | |
Participating VRDN: | | | |
ROC II R 11944, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | $ 5,150 | | $ 5,150 |
Series EGL 06 47 Class A, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 15,500 | | 15,500 |
Series EGL 07 0002, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 18,000 | | 18,000 |
Series EGL 07 0066, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 31,025 | | 31,025 |
Series ROC II R 11535, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 3,590 | | 3,590 |
Series ROC II R 11722, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 2,935 | | 2,935 |
Series ROC II R 11943, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 5,580 | | 5,580 |
New York Hsg. Fin. Agcy. Rev.: | | | |
(150 East 44th Street Hsg. Proj.): | | | |
Series 2000 A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 28,500 | | 28,500 |
Series 2001 A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 2,400 | | 2,400 |
(240 East 39th Street Hsg. Proj.) Series 1997 A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 20,000 | | 20,000 |
(250 West 50th Street Hsg. Proj.) Series 1997 A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 13,495 | | 13,495 |
(330 West 39th Street Hsg. Proj.) Series 2010 A, 0.27% 9/7/12, LOC Bank of America NA, VRDN (c) | 23,400 | | 23,400 |
(42nd & 10 Hsg. Proj.) Series 2010 A, 0.56% 9/7/12, LOC Landesbank Baden-Wuert, VRDN (c) | 6,000 | | 6,000 |
(66 West 38th Street Hsg. Proj.) Series A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 4,000 | | 4,000 |
(900 Eighth Avenue Hsg. Proj.) Series 2002 A, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 59,000 | | 59,000 |
(Avalon Chrystie Place I Hsg. Proj.) Series 2004 B, 0.2% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 51,500 | | 51,500 |
(Clinton Green North Hsg. Proj.) Series 2005 A, 0.18% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 10,000 | | 10,000 |
(Clinton Park Phase II Hsg. Proj.) Series 2011 A2, 0.19% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 34,400 | | 34,400 |
(Helena Hsg. Proj.) Series 2003 A, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 9,000 | | 9,000 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
New York - continued |
New York Hsg. Fin. Agcy. Rev.: - continued | | | |
(Kew Garden Hills Apts. Hsg. Proj.) Series 2003 A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | $ 11,170 | | $ 11,170 |
(Reverend Polite Ave. Apt. Hsg. Proj.) Series 2005 A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 7,435 | | 7,435 |
(Sea Park West Hsg. Proj.) Series 2004 A, 0.17% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 13,000 | | 13,000 |
(Talleyrand Crescent Hsg. Proj.) Series A, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 20,500 | | 20,500 |
(Theatre Row Tower Hsg. Proj.) Series 2001 A, 0.18% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 10,000 | | 10,000 |
(West 20th Street Proj.) Series 2001 A: | | | |
0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 28,875 | | 28,875 |
0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 51,000 | | 51,000 |
(West 23rd Street Hsg. Proj.): | | | |
Series 2001 A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 23,000 | | 23,000 |
Series 2002 A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 48,400 | | 48,400 |
(West 33rd Street Hsg. Proj.) Series 2003 A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 22,300 | | 22,300 |
(West 38th Street Hsg. Proj.) Series 2002 A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 16,000 | | 16,000 |
New York Hsg. Fin. Svc. Contract Rev.: | | | |
Series 2003 L, 0.19% 9/7/12, LOC Bank of America NA, VRDN (c) | 25,300 | | 25,300 |
Series 2003 M1, 0.19% 9/7/12, LOC Bank of America NA, VRDN (c) | 16,000 | | 16,000 |
New York Liberty Dev. Corp. Lib Participating VRDN Series Putters 4083, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 5,910 | | 5,910 |
New York State Energy Research & Dev. Auth. Facilities Rev. (Consolidated Edison Co. of New York, Inc. Proj.) Series 2004 C1, 0.17% 9/7/12, LOC Mizuho Corporate Bank Ltd., VRDN (c)(f) | 17,800 | | 17,800 |
New York Thruway Auth. Second Gen. Hwy. & Bridge Trust Fund Participating VRDN Series ROC II R 11997, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 4,800 | | 4,800 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
New York - continued |
Triborough Bridge & Tunnel Auth. Revs. Series 2002 F, 0.18% 9/7/12 (Liquidity Facility Royal Bank of Scotland NV), VRDN (c) | $ 59,725 | | $ 59,725 |
Yonkers Indl. Dev. Agcy. Civic Facility Rev. (Consumers Union of United States, Inc. Proj.) Series 2005, 0.19% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 17,225 | | 17,225 |
| | 1,457,470 |
New York & New Jersey - 0.6% |
Port Auth. of New York & New Jersey Participating VRDN Series EGL 06 107 Class A, 0.22% 9/7/12 (Liquidity Facility Citibank NA) (c)(f)(g) | 151,450 | | 151,450 |
North Carolina - 1.3% |
Charlotte Ctfs. of Prtn. Participating VRDN Series Putters 4724, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 11,680 | | 11,680 |
Charlotte Gen. Oblig. Participating VRDN Series ROC II R 11905, 0.18% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 3,590 | | 3,590 |
Charlotte Int'l. Arpt. Rev.: | | | |
(Charlotte Douglas Int'l. Arpt. Proj.) Series 2008 D, 0.18% 9/7/12, LOC Bank of America NA, VRDN (c) | 29,360 | | 29,360 |
Series 2010 C, 0.18% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 6,625 | | 6,625 |
Charlotte Wtr. & Swr. Sys. Rev.: | | | |
Participating VRDN Series BC 09 43W, 0.19% 9/7/12 (Liquidity Facility Barclays Bank PLC) (c)(g) | 5,000 | | 5,000 |
Series 2002 C, 0.18% 9/7/12 (Liquidity Facility Bank of America NA), VRDN (c) | 7,365 | | 7,365 |
Charlotte-Mecklenburg Hosp. Auth. Health Care Sys. Rev. Series 2007 G, 0.18% 9/7/12, LOC Bank of America NA, VRDN (c) | 11,600 | | 11,600 |
Gaston County Indl. Facilities & Poll. Cont. Fing. Auth. Rev. (Duke Energy Corp. Proj.) Series 1999, 0.31% 9/4/12, VRDN (c)(f) | 4,000 | | 4,000 |
Greensboro Combined Enterprise Sys. Rev. Series 2005 B, 0.18% 9/7/12 (Liquidity Facility Bank of America NA), VRDN (c) | 3,860 | | 3,860 |
North Carolina Cap. Facilities Fin. Agcy. Edl. Facilities Rev.: | | | |
(Greensboro College Proj.) 0.21% 9/7/12, LOC Bank of America NA, VRDN (c) | 2,500 | | 2,500 |
Series 2011, 0.21% 9/7/12, LOC Bank of America NA, VRDN (c) | 19,200 | | 19,200 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
North Carolina - continued |
North Carolina Cap. Facilities Fin. Agcy. Rev. Participating VRDN: | | | |
Series EGL 7050060, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | $ 23,150 | | $ 23,150 |
Series GS 08 9TP, 0.17% 9/7/12 (Liquidity Facility Wells Fargo & Co.) (c)(g) | 23,165 | | 23,165 |
Series ROC II R 11850, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 12,600 | | 12,600 |
North Carolina Cap. Impt. Ltd. Participating VRDN Series WF 11 136C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 5,515 | | 5,515 |
North Carolina Gen. Oblig. Series 2002 E, 0.18% 9/7/12 (Liquidity Facility Landesbank Hessen-Thuringen), VRDN (c) | 9,900 | | 9,900 |
North Carolina Med. Care Cmnty. Health Participating VRDN Series BA 08 3509, 0.24% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 4,000 | | 4,000 |
North Carolina Med. Care Commission Health Care Facilities Rev.: | | | |
(WakeMed Proj.) Series 2009 C, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 6,685 | | 6,685 |
Participating VRDN: | | | |
Series BC 10 31W, 0.19% 9/7/12 (Liquidity Facility Barclays Bank PLC) (c)(g) | 3,625 | | 3,625 |
Series ROC II R 11808, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 1,365 | | 1,365 |
North Carolina Med. Care Commission Hosp. Rev. (CaroMont Health Proj.) Series 2003 A, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 8,700 | | 8,700 |
North Carolina State Univ. at Raleigh Rev. Participating VRDN Series MT 792, 0.24% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 6,460 | | 6,460 |
Parson County Indl. Facilities and Poll. Cont. Fing. Auth. (CertainTeed Gypsum NC, Inc. Proj.) Series 2010, 0.48% 9/7/12, LOC Cr. Industriel et Commercial, VRDN (c) | 10,300 | | 10,300 |
Piedmont Triad Arpt. Auth. Series 2008 B, 0.2% 9/7/12, LOC Branch Banking & Trust Co., VRDN (c)(f) | 24,090 | | 24,090 |
Raleigh Combined Enterprise Sys. Rev. Participating VRDN: | | | |
Series EGL 07 0010, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 4,950 | | 4,950 |
Series WF 11-19C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 9,000 | | 9,000 |
Raleigh Durham Arpt. Auth. Arpt. Rev. Series 2008 C, 0.15% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 12,565 | | 12,565 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
North Carolina - continued |
Reset Optional Ctfs. Trust II-R Participating VRDN Series ROC II R 645, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | $ 9,625 | | $ 9,625 |
Sampson County Indl. Facilities & Poll. Cont. Fing. Auth. Envir. Facilities Rev. (Sampson County Disp., Inc. Proj.): | | | |
0.22% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 10,855 | | 10,855 |
0.22% 9/7/12, 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.) 0.32% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 1,900 | | 1,900 |
Univ. of North Carolina at Chapel Hill Rev. Participating VRDN Series EGL 05 3014 Class A, 0.18% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 21,000 | | 21,000 |
| | 318,980 |
North Dakota - 0.2% |
Cass County Solid Waste Disp. Rev. (Tharaldson Ethanol Plant I, LLC Proj.) Series 2007, 0.47% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 55,000 | | 55,000 |
Hebron Indl. Dev. Rev. (Dacco, Inc. Proj.) 0.25% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 1,740 | | 1,740 |
| | 56,740 |
Ohio - 1.7% |
Akron Bath Copley Hosp. District Rev. (Akron Gen. Health Systems Proj.) Series 2008, 0.2% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 6,500 | | 6,500 |
Columbus Gen. Oblig. Participating VRDN Series Clipper 08 2, 0.17% 9/7/12 (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.) 0.22% 9/7/12, 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, 0.19% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 14,915 | | 14,915 |
Hamilton County Hosp. Facilities Rev. (Children's Hosp. Med. Ctr. Proj.): | | | |
Series 1997 A, 0.17% 9/7/12, LOC PNC Bank NA, VRDN (c) | 15,500 | | 15,500 |
Series 2000, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 28,400 | | 28,400 |
Hamilton County Student Hsg. Rev. (Block 3 Proj.) Series 2004, 0.5% 9/7/12, LOC Bank of New York, New York, LOC Citizens Bank of Pennsylvania, VRDN (c) | 27,100 | | 27,100 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Ohio - continued |
Lancaster Port Auth. Gas Rev. 0.18% 9/7/12 (Liquidity Facility Royal Bank of Canada), VRDN (c) | $ 71,320 | | $ 71,320 |
Ohio Air Quality Dev. Auth. Rev.: | | | |
(Cincinnati Gas & Elec. Co. Proj.) Series A, 0.39% 9/7/12, VRDN (c) | 5,400 | | 5,400 |
(Dayton Pwr. & Lt. Co. Proj.) Series 2008 A, 0.24% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 7,600 | | 7,600 |
Ohio Higher Edl. Facility Commission Rev.: | | | |
(Case Western Reserve Univ. Proj.) Series 2008 A, 0.19% 9/7/12, LOC PNC Bank NA, VRDN (c) | 5,100 | | 5,100 |
(Marietta College Proj.) 0.19% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 5,390 | | 5,390 |
Ohio Hosp. Facilities Rev. Participating VRDN: | | | |
Series Putters 3552, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 3,500 | | 3,500 |
Series Putters 3558, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 2,300 | | 2,300 |
Ohio Hsg. Fin. Agcy. Mtg. Rev.: | | | |
(Mtg.-Backed Securities Prog.): | | | |
Series 2005 B2, 0.2% 9/7/12 (Liquidity Facility Fed. Home Ln. Bank, Cincinnati), VRDN (c)(f) | 12,500 | | 12,500 |
Series 2005 F, 0.2% 9/7/12 (Liquidity Facility Fed. Home Ln. Bank, Cincinnati), VRDN (c)(f) | 29,200 | | 29,200 |
Series B, 0.16% 9/7/12 (Liquidity Facility Fed. Home Ln. Bank, Cincinnati), VRDN (c)(f) | 19,555 | | 19,555 |
Series 2004 D, 0.2% 9/7/12 (Liquidity Facility Fed. Home Ln. Bank, Cincinnati), VRDN (c)(f) | 2,000 | | 2,000 |
Ohio Hsg. Fin. Agcy. Residential Mtg. Rev.: | | | |
Series 2006 I, 0.26% 9/7/12 (Liquidity Facility Citibank NA), VRDN (c)(f) | 3,000 | | 3,000 |
Series 2008 B, 0.16% 9/7/12 (Liquidity Facility Fed. Home Ln. Bank, Cincinnati), VRDN (c)(f) | 49,100 | | 49,100 |
Ohio Wtr. Dev. Auth. (Waste Mgmt., Inc. Proj.) Series B, 0.2% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 8,100 | | 8,100 |
Ohio Wtr. Dev. Auth. Poll. Cont. Facilities Rev. (FirstEnergy Nuclear Generation Corp. Proj.) Series 2006 B, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 65,350 | | 65,350 |
Portage County Hosp. Rev. (Robinson Memorial Hosp. Proj.) Series 2008, 0.2% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 21,200 | | 21,200 |
Westlake Health Facilities Rev. (Lutheran Home Proj.) Series 2005, 0.3% 9/7/12, LOC RBS Citizens NA, VRDN (c) | 7,500 | | 7,500 |
| | 424,815 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Oklahoma - 0.2% |
Oklahoma Dev. Fin. Auth. Rev. (Shawnee Fdg. LP Proj.) Series 1996, 0.2% 9/7/12, LOC Bank of Nova Scotia New York Branch, VRDN (c)(f) | $ 4,700 | | $ 4,700 |
RBC Muni. Products, Inc. Trust Participating VRDN Series RBC E 40, 0.17% 9/7/12 (Liquidity Facility Royal Bank of Canada) (a)(c)(g) | 14,500 | | 14,500 |
Univ. Hospitals Trust Rev. Series 2005 A, 0.2% 9/7/12, LOC Bank of America NA, VRDN (c) | 20,015 | | 20,015 |
| | 39,215 |
Oregon - 0.5% |
Oregon Econ. & Cmnty. Econ. Dev. Rev. (American Bridge Co. Proj.) Series 205, 0.27% 9/7/12, LOC PNC Bank NA, VRDN (c)(f) | 1,255 | | 1,255 |
Oregon Gen. Oblig. Participating VRDN: | | | |
Series ROC II R 11949, 0.18% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 3,615 | | 3,615 |
Series WF11 57 C, 0.17% 9/7/12 (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, 0.19% 9/7/12 (Liquidity Facility Barclays Bank PLC) (c)(g) | 6,555 | | 6,555 |
Port of Portland Arpt. Rev. Series Eighteen B, 0.2% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 38,855 | | 38,855 |
Portland Econ. Dev. Rev. (Columbia Aluminum Recycling Proj.) Series 1991 A, 0.19% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 1,900 | | 1,900 |
Portland Hsg. Auth. Rev.: | | | |
(New Columbia - Cecelia Proj.) Series 2004, 0.21% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 3,650 | | 3,650 |
(New Columbia - Trouton Proj.) Series 2005, 0.21% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 5,895 | | 5,895 |
Portland Multi-family Hsg. Rev. (The Village at Lovejoy Fountain Proj.) Series 2009, 0.22% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 15,000 | | 15,000 |
Salem Hosp. Facility Auth. Rev. (Salem Hosp. Proj.) Series 2008 C, 0.19% 9/7/12, LOC Bank of America NA, VRDN (c) | 25,000 | | 25,000 |
| | 112,525 |
Pennsylvania - 1.0% |
Allegheny County Hosp. Dev. Auth. Rev. (Children's Institute Pittsburgh Proj.): | | | |
Series 2005 A, 0.17% 9/7/12, LOC PNC Bank NA, VRDN (c) | 9,300 | | 9,300 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Pennsylvania - continued |
Allegheny County Hosp. Dev. Auth. Rev. (Children's Institute Pittsburgh Proj.): - continued | | | |
Series 2005 B, 0.17% 9/7/12, LOC PNC Bank NA, VRDN (c) | $ 7,630 | | $ 7,630 |
Butler County Gen. Auth. Rev. (Erie School District Proj.) Series 2011, 0.17% 9/7/12, LOC PNC Bank NA, VRDN (c) | 5,835 | | 5,835 |
Chester County Health & Ed. Auth. Rev. (Jenner's Pond Proj.) Series 2006, 0.17% 9/7/12, LOC Citizens Bank of Pennsylvania, VRDN (c) | 22,110 | | 22,110 |
Chester County Indl. Dev. Auth. Student Hsg. Rev. (West Chester Univ. Proj.): | | | |
Series 2008 A1, 0.22% 9/7/12, LOC Citizens Bank of Pennsylvania, VRDN (c) | 12,615 | | 12,615 |
Series 2008 A2, 0.17% 9/7/12, LOC TD Banknorth, NA, VRDN (c) | 19,045 | | 19,045 |
Delaware County Auth. Rev. (White Horse Village Proj.): | | | |
Series 2006 B, 0.26% 9/4/12, LOC Citizens Bank of Pennsylvania, VRDN (c) | 1,600 | | 1,600 |
Series 2008, 0.26% 9/4/12, LOC Citizens Bank of Pennsylvania, VRDN (c) | 2,710 | | 2,710 |
Erie County Hosp. Auth. Rev. (Saint Vincent Health Ctr. Proj.) Series 2010 B, 0.17% 9/7/12, LOC Manufacturers & Traders Trust Co., VRDN (c) | 11,340 | | 11,340 |
Geisinger Auth. Health Sys. Rev. Participating VRDN: | | | |
Series Putters 3462, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 11,245 | | 11,245 |
Series Putters 3490Z, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 4,995 | | 4,995 |
Lawrence County Gen. Oblig. Indl. Dev. Auth. 0.17% 9/7/12, LOC PNC Bank NA, VRDN (c) | 8,260 | | 8,260 |
Lehigh County Gen. Purp. Auth. (Muhlenberg College Proj.) Series 2008, 0.21% 9/7/12, LOC Bank of America NA, VRDN (c) | 11,385 | | 11,385 |
Luzerne County Convention Ctr. Series 2012, 0.17% 9/11/12, LOC PNC Bank NA, VRDN (c) | 6,330 | | 6,330 |
Montgomery County Indl. Dev. Auth. Rev. (Foulkeways at Gwynedd Proj.) Series 2006 B, 0.17% 9/7/12, LOC Citizens Bank of Pennsylvania, VRDN (c) | 12,705 | | 12,705 |
Pennsylvania Econ. Dev. Fing. Auth. Indl. Dev. Rev. Series 1996 D5, 0.23% 9/7/12, LOC PNC Bank NA, VRDN (c)(f) | 800 | | 800 |
Pennsylvania Econ. Dev. Fing. Auth. Manufacturing Facility Rev. (Dodge Realty Partners Proj.) Series 2007, 0.27% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 2,400 | | 2,400 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Pennsylvania - continued |
Pennsylvania Gen. Oblig. Participating VRDN: | | | |
Series Putters 3350, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | $ 4,505 | | $ 4,505 |
Series Putters 3352Z, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 3,775 | | 3,775 |
Series WF 11 121C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 12,925 | | 12,925 |
Pennsylvania Hsg. Fin. Agcy. Single Family Mtg. Rev. Participating VRDN Series Putters 4109, 0.24% 9/4/12 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g) | 8,185 | | 8,185 |
Pennsylvania State Pub. School Participating VRDN Series Solar 06 161, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 26,400 | | 26,400 |
Philadelphia Auth. for Indl. Dev. Rev.: | | | |
(Spl. People in Northeast, Inc. Proj.) Series 2006, 0.19% 9/7/12, LOC Citizens Bank of Pennsylvania, VRDN (c) | 1,215 | | 1,215 |
(William Penn Charter School Proj.) Series 2008, 0.17% 9/7/12, LOC PNC Bank NA, VRDN (c) | 3,400 | | 3,400 |
Philadelphia Gas Works Rev. (1998 Gen. Ordinance Proj.) Eighth Series D, 0.18% 9/7/12, LOC Bank of America NA, VRDN (c) | 7,300 | | 7,300 |
RBC Muni. Products, Inc. Trust Participating VRDN Series RBC E 22, 0.17% 9/7/12 (Liquidity Facility Royal Bank of Canada) (c)(g) | 8,255 | | 8,255 |
Washington County Hosp. Auth. Rev. (Monongahela Valley Hosp. Proj.): | | | |
Series 2011 A, 0.17% 9/7/12, LOC PNC Bank NA, VRDN (c) | 2,540 | | 2,540 |
Series 2011 B, 0.17% 9/7/12, LOC PNC Bank NA, VRDN (c) | 10,175 | | 10,175 |
| | 238,980 |
Rhode Island - 0.1% |
Rhode Island Health and Edl. Bldg. Corp. Higher Ed. Facility Rev. (Roger Williams Univ. Proj.) Series 2008 B, 0.19% 9/7/12, LOC Bank of America NA, VRDN (c) | 17,700 | | 17,700 |
Rhode Island Indl. Facilities Corp. Indl. Dev. Rev. (NFA Corp. Proj.) Series 1994, 0.86% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 5,000 | | 5,000 |
| | 22,700 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
South Carolina - 0.8% |
Anderson County School District #5 Gen. Oblig. Participating VRDN: | | | |
Series BA 08 1181, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | $ 14,650 | | $ 14,650 |
Series Putters 4218, 0.2% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 8,985 | | 8,985 |
Darlington County Indl. Dev. Rev. (Nucor Corp. Proj.) Series 2003 A, 0.26% 9/7/12, VRDN (c)(f) | 8,100 | | 8,100 |
Florence County Hosp. Rev. (McLeod Reg'l. Med. Ctr. Proj.) Series 2010 B, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 11,465 | | 11,465 |
Horry County School District Participating VRDN Series ROC II R 754 PB, 0.29% 9/7/12 (Liquidity Facility Deutsche Postbank AG) (c)(g) | 11,040 | | 11,040 |
Oconee County Poll. Cont. Rev. (Duke Energy Corp. Proj.): | | | |
Series 1999 A, 0.26% 9/4/12, VRDN (c) | 16,400 | | 16,400 |
Series 1999 B, 0.31% 9/4/12, VRDN (c)(f) | 2,500 | | 2,500 |
South Carolina Gen. Oblig. Participating VRDN Series ROC II R 692W, 0.17% 9/7/12 (Liquidity Facility Wells Fargo & Co.) (c)(g) | 8,255 | | 8,255 |
South Carolina Jobs-Econ. Dev. Auth. Econ. Dev. Rev.: | | | |
(Bon Secours Health Sys. Proj.): | | | |
Series 2008 D, 0.17% 9/7/12, LOC Citibank NA, VRDN (c) | 8,200 | | 8,200 |
0.2% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 69,925 | | 69,925 |
(Carolina Piedmont Foundation Proj.) 0.24% 9/7/12, LOC Bank of America NA, VRDN (c) | 5,175 | | 5,175 |
(Waste Mgmt. of South Carolina, Inc. Proj.) Series 2003 A, 0.21% 9/7/12, 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, 0.2% 9/7/12, LOC Branch Banking & Trust Co., VRDN (c)(f) | 18,600 | | 18,600 |
| | 198,295 |
South Dakota - 0.0% |
South Dakota Hsg. Dev. Auth. (Harmony Heights Proj.) Series 2001, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 6,500 | | 6,500 |
Tennessee - 1.7% |
Chattanooga Health Ed. & Hsg. Facility Board Rev. (Southern Adventist Univ. Proj.) 0.22% 9/7/12, LOC Bank of America NA, VRDN (c) | 1,520 | | 1,520 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Tennessee - continued |
Clarksville Pub. Bldg. Auth. Rev. (Tennessee Muni. Bond Fund Proj.): | | | |
Series 2001, 0.25% 9/4/12, LOC Bank of America NA, VRDN (c) | $ 13,600 | | $ 13,600 |
Series 2003, 0.25% 9/4/12, LOC Bank of America NA, VRDN (c) | 13,500 | | 13,500 |
Series 2004, 0.25% 9/4/12, LOC Bank of America NA, VRDN (c) | 15,185 | | 15,185 |
Series 2005, 0.25% 9/4/12, LOC Bank of America NA, VRDN (c) | 13,645 | | 13,645 |
Series 2008, 0.25% 9/4/12, LOC Bank of America NA, VRDN (c) | 66,555 | | 66,555 |
Loudon County Indl. Dev. Board Exempt Facilities Rev. (Kimberly-Clark Corp. Proj.) 0.21% 9/7/12, VRDN (c)(f) | 11,600 | | 11,600 |
Loudon Indl. Dev. Board Solid Waste Disp. Rev. (Tate & Lyle Ingredients Americas, Inc. Proj.) Series 2006, 0.3% 9/7/12, LOC Rabobank Nederland, VRDN (c)(f) | 44,100 | | 44,100 |
Memphis Health, Edl. & Hsg. Facilities Board (Ashland Lakes Apts. Proj.) Series A, 0.18% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 10,000 | | 10,000 |
Metropolitan Govt. Nashville & Davidson County Health & Edl. Facilities Board (Whispering Oaks Apts. Proj.) 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 15,000 | | 15,000 |
Metropolitan Govt. Nashville & Davidson County Indl. Dev. Board Rev. (Nashville Symphony Hall Proj.) Series 2004, 0.2% 9/7/12, LOC Bank of America NA, VRDN (c) | 23,590 | | 23,590 |
Montgomery County Pub. Bldg. Auth. Pooled Fing. Rev. (Tennessee County Ln. Pool Prog.): | | | |
Series 1999, 0.3% 9/7/12, LOC Bank of America NA, VRDN (c) | 24,200 | | 24,200 |
Series 2002, 0.25% 9/4/12, LOC Bank of America NA, VRDN (c) | 6,340 | | 6,340 |
Series 2004, 0.25% 9/4/12, LOC Bank of America NA, VRDN (c) | 11,750 | | 11,750 |
Series 2006, 0.25% 9/4/12, LOC Bank of America NA, VRDN (c) | 26,245 | | 26,245 |
Nashville and Davidson County Metropolitan Govt. Gen. Oblig. Participating VRDN Series Putters 2631, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 67,475 | | 67,475 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Tennessee - continued |
Sevier County Pub. Bldg. Auth. Rev. Series V-A-1, 0.24% 9/7/12, LOC Branch Banking & Trust Co., VRDN (c)(f) | $ 11,100 | | $ 11,100 |
Shelby County Health Edl. & Hsg. Facilities Board Rev. (Trezevant Manor Proj.) Series A, 0.26% 9/7/12, LOC Bank of America NA, VRDN (c) | 32,100 | | 32,100 |
| | 407,505 |
Texas - 8.2% |
Austin Arpt. Sys. Rev.: | | | |
Series 2005 1, 0.22% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 41,575 | | 41,575 |
Series 2005 2, 0.22% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 43,590 | | 43,590 |
Series 2005 4, 0.2% 9/7/12, LOC Royal Bank of Canada New York Branch, VRDN (c)(f) | 37,100 | | 37,100 |
Austin Independent School District Participating VRDN Series Putters 3554, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 3,515 | | 3,515 |
Austin Wtr. & Wastewtr. Sys. Rev. Participating VRDN Series ROC II R 11992, 0.18% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 3,890 | | 3,890 |
Bexar County Gen. Oblig. Participating VRDN Series ROC II R 11791PB, 0.27% 9/7/12 (Liquidity Facility Deutsche Postbank AG) (c)(g) | 18,780 | | 18,780 |
Birdville Independent School District Participating VRDN Series MT 720, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 13,895 | | 13,895 |
Brazos River Hbr. Navigation District of Brazoria County Envir. Facilities Rev. (Merey Sweeny LP Proj.) Series 2002 A, 0.28% 9/4/12, LOC Bank of America NA, VRDN (c)(f) | 8,700 | | 8,700 |
Brownsville Indl. Dev. Corp. Rev. (Rich-Seapak Corp. Proj.) Series 1997, 0.25% 9/7/12, LOC HSBC Bank USA, NA, VRDN (c)(f) | 6,250 | | 6,250 |
Brownsville Util. Sys. Rev. Participating VRDN Series Solar 06 68, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 20,000 | | 20,000 |
Calhoun County Navigation District Poll. Cont. Rev. (Formosa Plastics Corp., Texas Proj.) Series 2002, 0.22% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 10,000 | | 10,000 |
Calhoun County Navigation District Port Rev. (Formosa Plastics Corp. Proj.) Series 2000, 0.21% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 5,500 | | 5,500 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Calhoun County Solid Waste Disp. Rev. (Formosa Plastics Corp. Proj.): | | | |
Series 2000, 0.21% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | $ 12,500 | | $ 12,500 |
Series 2001, 0.21% 9/7/12, 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, 0.2% 9/7/12, LOC PNC Bank NA, VRDN (c)(f) | 47,300 | | 47,300 |
Series 2008, 0.21% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 30,000 | | 30,000 |
Cap. Area Hsg. Fin. Corp. Multi-family Hsg. Rev. (Marble Falls Vistas Apts. Proj.) 0.21% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 5,700 | | 5,700 |
Clear Creek Independent School District Participating VRDN Series Putters 4165, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 8,365 | | 8,365 |
Dallas Area Rapid Transit Sales Tax Rev. Participating VRDN Series WF 09 60C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo & Co.) (c)(g) | 20,650 | | 20,650 |
Dallas Hsg. Fin. Corp. Multi-family Hsg. Rev. (The Masters Apts. Proj.) 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 7,280 | | 7,280 |
Dallas Performing Arts Cultural Facilities Corp. Cultural Facility Rev. (Dallas Ctr. for the Performing Arts Foundation, Inc. Proj.) Series 2008 A, 0.21% 9/4/12, LOC Bank of America NA, VRDN (c) | 17,960 | | 17,960 |
Dallas Wtrwks. & Swr. Sys. Rev. Participating VRDN Series ROC II R 12279, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 23,410 | | 23,410 |
Denton Independent School District Participating VRDN Series Putters 2603, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 7,365 | | 7,365 |
El Paso County Hosp. District Combination Tax and Rev. Participating VRDN Series Solar 06 32, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 19,865 | | 19,865 |
El Paso Independent School District Participating VRDN Series Putters 4168, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 18,875 | | 18,875 |
Fort Bend County Indl. Dev. Corp. (NRG Energy, Inc. Proj.) Series 2012, 0.25% 9/7/12, LOC Bank of America NA, VRDN (c) | 14,300 | | 14,300 |
Frisco Gen. Oblig. Participating VRDN Series ROC II R 11909, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 4,055 | | 4,055 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Gilmer Indl. Dev. Corp. (Duoline Technologies LP Proj.) Series 2008 A, 0.22% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | $ 9,565 | | $ 9,565 |
Grand Prairie Independent School District Participating VRDN Series Putters 4171, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 9,870 | | 9,870 |
Grapevine-Colleyville Independent School District Participating VRDN Series MT 761, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 11,990 | | 11,990 |
Greater East Texas Higher Ed. Auth. Student Ln. Rev.: | | | |
Series 1992 B, 0.18% 9/7/12, LOC State Street Bank & Trust Co., Boston, VRDN (c)(f) | 35,200 | | 35,200 |
Series 1993 B: | | | |
0.18% 9/7/12, LOC State Street Bank & Trust Co., Boston, VRDN (c)(f) | 15,000 | | 15,000 |
0.18% 9/7/12, LOC State Street Bank & Trust Co., Boston, VRDN (c)(f) | 17,000 | | 17,000 |
Series 1995 B, 0.18% 9/7/12, LOC State Street Bank & Trust Co., Boston, VRDN (c)(f) | 28,000 | | 28,000 |
Greater Texas Student Ln. Corp. Student Ln. Rev.: | | | |
Series 1998 A, 0.18% 9/7/12, LOC State Street Bank & Trust Co., Boston, VRDN (a)(c)(f) | 24,750 | | 24,750 |
Series 2000 A, 0.18% 9/7/12, LOC State Street Bank & Trust Co., Boston, VRDN (c)(f) | 35,000 | | 35,000 |
Gulf Coast Indl. Dev. Auth. 0.28% 9/7/12, 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, 0.21% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 1,000 | | 1,000 |
Harris County Cultural Ed. Facilities Fin. Corp. Med. Facilities Rev. (Baylor College of Medicine Proj.) Series 2008 E, 0.19% 9/6/12, LOC JPMorgan Chase Bank, VRDN (c) | 1,000 | | 1,000 |
Harris County Gen. Oblig. Participating VRDN: | | | |
Series RBC E 18, 0.17% 9/7/12 (Liquidity Facility Royal Bank of Canada) (c)(g) | 11,000 | | 11,000 |
Series ROC II R 718 PB, 0.29% 9/7/12 (Liquidity Facility Deutsche Postbank AG) (c)(g) | 18,285 | | 18,285 |
Harris County Hsg. Fin. Corp. Multi-family Hsg. Rev.: | | | |
(Lafayette Village Apts. Proj.) Series 2006, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 6,515 | | 6,515 |
(Louetta Village Apts. Proj.) Series 2005, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 6,685 | | 6,685 |
(Primrose Aldine Bender Apt. Proj.) Series 2004, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 7,610 | | 7,610 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Harris County Hsg. Fin. Corp. Multi-family Hsg. Rev.: - continued | | | |
(Primrose at Bammel Apts. Proj.) Series 2005, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | $ 8,180 | | $ 8,180 |
(Quail Chase Apts. Proj.) Series 1999, 0.21% 9/7/12, LOC Gen. Elec. Cap. Corp., VRDN (c)(f) | 11,110 | | 11,110 |
(Wellington Park Apts. Proj.) Series 2004, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 12,350 | | 12,350 |
Harris County Tex Indl. Dev. Corp.: | | | |
(HFOTCO LLC Proj.) Series 2010, 0.18% 9/7/12, LOC Bank of America NA, VRDN (c) | 61,000 | | 61,000 |
Series 2011, 0.18% 9/7/12, LOC Bank of America NA, VRDN (c) | 25,000 | | 25,000 |
Houston Arpt. Sys. Rev. Series 2010, 0.17% 9/7/12, LOC Barclays Bank PLC, VRDN (c) | 33,810 | | 33,810 |
Houston Gen. Oblig. Participating VRDN Series MT 788, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 7,760 | | 7,760 |
Houston Higher Ed. Fin. Corp. Higher Ed. Rev. Participating VRDN: | | | |
Series ROC II R 11860, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 6,000 | | 6,000 |
Series WF 11 44C, 0.17% 9/7/12 (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, 0.21% 9/7/12, LOC Citibank NA, VRDN (c)(f) | 9,260 | | 9,260 |
(Little Nell Apts. Proj.) Series 2003, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 12,700 | | 12,700 |
(Mayfair Park Apts. Proj.) Series 2004, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 5,700 | | 5,700 |
Houston Independent School District Participating VRDN Series MT 732, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 9,805 | | 9,805 |
Houston Util. Sys. Rev. Participating VRDN: | | | |
Series Putters 4719, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 19,305 | | 19,305 |
Series ROC II R 11411, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 9,290 | | 9,290 |
Series ROC II R 12267, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 16,795 | | 16,795 |
Humble Independent School District Participating VRDN: | | | |
Series MT 733, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 8,475 | | 8,475 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Humble Independent School District Participating VRDN: - continued | | | |
Series Solar 06 20, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | $ 28,235 | | $ 28,235 |
Jewett Econ. Dev. Corp. Indl. Dev. Rev. (Nucor Corp. Proj.) 0.22% 9/7/12, VRDN (c)(f) | 12,600 | | 12,600 |
Judson Independent School District Participating VRDN Series MS 06 1859, 0.17% 9/7/12 (Liquidity Facility Wells Fargo & Co.) (c)(g) | 7,890 | | 7,890 |
Keller Independent School District Participating VRDN Series WF11 55 C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 5,645 | | 5,645 |
Klein Independent School District Participating VRDN Series ROCS II R 11942, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 5,145 | | 5,145 |
Lamar Consolidated Independent School District Participating VRDN Series Putters 4193, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 11,450 | | 11,450 |
Leander Independent School District Participating VRDN Series BC 10 28W, 0.19% 9/7/12 (Liquidity Facility Barclays Bank PLC) (c)(g) | 2,050 | | 2,050 |
Lovejoy Independent School District Participating VRDN Series DB 514, 0.21% 9/7/12 (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, 0.24% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 11,950 | | 11,950 |
Mansfield Independent School District Participating VRDN Series PT 4627, 0.31% 9/7/12 (Liquidity Facility Deutsche Postbank AG) (c)(g) | 10,815 | | 10,815 |
Midlothian Indl. Dev. Corp. Envir. Facilities Rev. (Holnam Texas LP Proj.) Series 1999, 0.21% 9/4/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 15,100 | | 15,100 |
Montgomery County Hsg. Fin. Corp. Multi-family Hsg. Rev. (Conroe Lodge at Silverdale Apt. Homes Proj.) 0.19% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 7,470 | | 7,470 |
North Central Texas Health Facilities Dev. Corp. Participating VRDN Series WF 1249C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 5,000 | | 5,000 |
North East Texas Independent School District Participating VRDN Series EGL 07 0123, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 17,870 | | 17,870 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
North Texas Muni. Wtr. District Wtr. Sys. Rev. Participating VRDN: | | | |
Series BA 08 1174, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | $ 9,105 | | $ 9,105 |
Series ROC II R 593 PB, 0.27% 9/7/12 (Liquidity Facility Deutsche Postbank AG) (c)(g) | 8,395 | | 8,395 |
North Texas Tollway Auth. Rev.: | | | |
Participating VRDN Series ROC II R 11946, 0.18% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 6,750 | | 6,750 |
Series 2011 A, 0.18% 9/7/12, LOC Morgan Stanley Bank, West Valley City Utah, VRDN (c) | 29,540 | | 29,540 |
Northside Independent School District Participating VRDN Series ROC II R 11965, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 3,505 | | 3,505 |
Northwest Texas Independent School District Participating VRDN: | | | |
Series Putters 4178, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 8,815 | | 8,815 |
Series ROC II R 11539, 0.29% 9/7/12 (Liquidity Facility Deutsche Postbank AG) (c)(g) | 11,510 | | 11,510 |
Port Arthur Navigation District Envir. Facilities Rev. (Motiva Enterprises LLC Proj.) Series 2004, 0.2% 9/7/12, VRDN (c)(f) | 94,790 | | 94,790 |
Port Arthur Navigation District Indl. Dev. Corp. Exempt Facilities Rev. (Air Products Proj.): | | | |
Series 2000, 0.19% 9/7/12, VRDN (c)(f) | 15,000 | | 15,000 |
Series 2001, 0.19% 9/7/12, VRDN (c)(f) | 15,000 | | 15,000 |
Series 2002, 0.19% 9/7/12, VRDN (c)(f) | 14,500 | | 14,500 |
Red River Ed. Fin. Corp. Ed. Rev. (Texas Christian Univ. Proj.) 0.17% 9/7/12, VRDN (c) | 4,000 | | 4,000 |
Richardson Independent School District Participating VRDN Series Putters 4238, 0.21% 9/7/12 (Liquidity Facility Deutsche Bank AG) (c)(g) | 6,640 | | 6,640 |
Riesel Indl. Dev. Corp. (Sandy Creek Energy Assoc. Proj.): | | | |
0.18% 9/7/12, LOC Cr. Suisse Group, VRDN (c)(f) | 50,000 | | 50,000 |
0.18% 9/7/12, LOC Cr. Suisse Group, VRDN (c)(f) | 50,000 | | 50,000 |
San Antonio Elec. & Gas Sys. Rev. Participating VRDN: | | | |
Series Putters 3344, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 1,700 | | 1,700 |
Series Putters 3560, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 9,015 | | 9,015 |
San Antonio Indl. Dev. Auth. Indl. Dev. Rev.: | | | |
(LGC Bldg. & KLN Steel Proj.) Series 1998, 0.86% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 5,500 | | 5,500 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
San Antonio Indl. Dev. Auth. Indl. Dev. Rev.: - continued | | | |
(Tindall Corp. Proj.) Series 2008 A, 0.22% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | $ 2,950 | | $ 2,950 |
San Antonio Wtr. Sys. Rev. Participating VRDN: | | | |
Series EGL 05 3005 Class A, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 27,500 | | 27,500 |
Series EGL 06 5, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 43,500 | | 43,500 |
Tarrant County Cultural Ed. Facilities Fin. Corp. Hosp. Rev. (Methodist Hospitals of Dallas Proj.) Series 2008, 0.19% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 92,350 | | 92,350 |
Tarrant County Cultural Ed. Facilities Fin. Corp. Rev. (Christus Health Proj.) Series 2008 C4, 0.22% 9/7/12, LOC Bank of America NA, VRDN (c) | 32,765 | | 32,765 |
Tarrant County Health Facilities Dev. Corp. Hosp. Rev. Participating VRDN Series Putters 3894, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 6,750 | | 6,750 |
Tarrant County Health Facilities Dev. Corp. Rev. (Carter Blood Care Proj.) Series 1998, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 3,060 | | 3,060 |
Tarrant Reg'l. Wtr. District Wtr. R Participating VRDN Series WF 12 6C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 12,375 | | 12,375 |
Texas A&M Univ. Rev. Participating VRDN Series ROC II R 11920, 0.18% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 5,880 | | 5,880 |
Texas City Tex Indl. Dev. Corp. (Del Papa Realty Hldgs. LP Proj.) Series 2011, 0.23% 9/7/12, LOC Bank of America NA, VRDN (c) | 9,875 | | 9,875 |
Texas Dept. of Hsg. & Cmnty. Affairs Multi-family Hsg. Rev.: | | | |
(Bristol Apts. Proj.) Series 2004, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 11,900 | | 11,900 |
(Chisholm Trail Proj.) Series 2004, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 5,300 | | 5,300 |
(Pinnacle Apts. Proj.) Series 2004, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 13,765 | | 13,765 |
(Residences at Sunset Pointe Proj.) Series 2006, 0.22% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 15,000 | | 15,000 |
(St. Augustine Estate Proj.) Series 2005, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 6,280 | | 6,280 |
(Windshire Apts. Proj.) Series 2007, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 13,700 | | 13,700 |
Series 2004, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 11,700 | | 11,700 |
Series 2006, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 14,290 | | 14,290 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Texas Gen. Oblig.: | | | |
(Veterans' Hsg. Assistance Prog.): | | | |
Fund II Series 2005 B, 0.17% 9/7/12 (Liquidity Facility State Street Bank & Trust Co., Boston), VRDN (c)(f) | $ 23,910 | | $ 23,910 |
Fund II Series 2007 A, 0.17% 9/7/12 (Liquidity Facility State Street Bank & Trust Co., Boston), VRDN (c)(f) | 39,810 | | 39,810 |
Participating VRDN: | | | |
Series DB 448, 0.22% 9/7/12 (Liquidity Facility Deutsche Bank AG) (c)(f)(g) | 5,680 | | 5,680 |
Series EGL 06 0125, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 27,940 | | 27,940 |
Series EGL 07 90, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 27,000 | | 27,000 |
Series Putters 3478, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 4,995 | | 4,995 |
Series Putters 3479, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 11,910 | | 11,910 |
Series Putters 4205, 0.2% 9/4/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 15,000 | | 15,000 |
Series WF 12 15C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 9,915 | | 9,915 |
Texas State Univ. Sys. Fing. Rev. Participating VRDN Series WF 11 79C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 6,375 | | 6,375 |
Travis County Hsg. Fin. Corp. (Rosemont at Old Manor Apts.) Series 2004, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 9,585 | | 9,585 |
Univ. of Texas Board of Regents Sys. Rev. Participating VRDN Series WF 11 13C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 4,000 | | 4,000 |
Ysleta Independent School District Participating VRDN Series Putters 4214, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 20,725 | | 20,725 |
| | 2,012,655 |
Utah - 1.0% |
Carbon County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1994, 0.19% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 7,565 | | 7,565 |
Emery County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1994, 0.18% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 14,000 | | 14,000 |
Salt Lake City Sales Tax Rev. 0.16% 9/7/12 (Liquidity Facility State Street Bank & Trust Co., Boston), VRDN (c) | 4,480 | | 4,480 |
Utah Hsg. Corp. Multi-family Hsg. Rev. (Springwood Apts. Proj.) Series 2005 A, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 8,485 | | 8,485 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Utah - continued |
Utah Hsg. Corp. Single Family Mtg. Rev.: | | | |
Series 2002 A, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | $ 4,545 | | $ 4,545 |
Series 2002 B, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 7,415 | | 7,415 |
Series 2002 C2, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 2,430 | | 2,430 |
Series 2002 D, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 6,990 | | 6,990 |
Series 2002 F1, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 6,780 | | 6,780 |
Series 2002 G Class I, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 10,470 | | 10,470 |
Series 2003 A, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 7,695 | | 7,695 |
Series 2003 B, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 8,710 | | 8,710 |
Series 2003 C, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 8,120 | | 8,120 |
Series 2003 E, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 8,540 | | 8,540 |
Series 2003 F, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 5,435 | | 5,435 |
Series 2005 A, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 1,300 | | 1,300 |
Series 2005 B, 0.21% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 10,845 | | 10,845 |
Series 2005 C, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 13,510 | | 13,510 |
Series 2005 D, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 13,775 | | 13,775 |
Series 2005 E, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 14,525 | | 14,525 |
Series 2005 F, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 5,000 | | 5,000 |
Series 2005 G, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 11,860 | | 11,860 |
Series 2005 H, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 8,200 | | 8,200 |
Utah Hsg. Fin. Agcy. Series 2001 A2, 0.17% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 7,580 | | 7,580 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Utah - continued |
Utah State Board of Regents Rev. Participating VRDN Series Solar 06 140, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | $ 30,905 | | $ 30,905 |
Utah Transit Auth. Sales Tax Rev. Participating VRDN: | | | |
Series PT 4606, 0.31% 9/7/12 (Liquidity Facility Deutsche Postbank AG) (c)(g) | 13,285 | | 13,285 |
Series ROC II R 11922, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 3,225 | | 3,225 |
| | 245,670 |
Virginia - 1.0% |
Alexandria Redev. & Hsg. Auth. Multi-family Hsg. Rev. (Fairfield Village Square Proj.) Series A, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 21,720 | | 21,720 |
Arlington County Indl. Dev. Auth. Multi-family Hsg. Rev. Series A, 0.21% 9/7/12, LOC Freddie Mac, VRDN (c)(f) | 4,000 | | 4,000 |
Fairfax County Econ. Dev. Auth. Indl. Dev. Rev. (The Lorton Arts Foundation, Inc. Proj.) Series 2010, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 13,000 | | 13,000 |
Fairfax County Econ. Dev. Auth. Student Hsg. Rev. (George Mason Univ. Foundation, Inc., Proj.) Series 2003, 0.2% 9/7/12, LOC Bank of America NA, VRDN (c) | 22,345 | | 22,345 |
Fairfax County Gen. Oblig. Participating VRDN Series BC 11 104W, 0.19% 9/7/12 (Liquidity Facility Barclays Bank PLC) (c)(g) | 10,055 | | 10,055 |
Hampton Indl. Dev. Auth. Exempt Facilities Rev. (USA Waste of Virginia Landfills, Inc. Proj.) Series 2000, 0.22% 9/7/12, 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, 0.23% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 6,387 | | 6,387 |
Hanover County Econ. Dev. Auth. Rev. (Bon Secours Health Sys. Proj.): | | | |
Series 2008 D1, 0.17% 9/7/12, LOC Citibank NA, VRDN (c) | 4,030 | | 4,030 |
Series 2008 D2, 0.18% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (c) | 7,570 | | 7,570 |
Henrico County Econ. Dev. Auth. Rev. (Bon Secours Health Sys. Proj.) Series 2008 D, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 3,100 | | 3,100 |
Newport News Indl. Dev. Auth. (CNU Warwick LLC Student Apts. Proj.) 0.23% 9/7/12, LOC Bank of America NA, VRDN (c) | 3,780 | | 3,780 |
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, 0.22% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | $ 4,830 | | $ 4,830 |
Series 2001, 0.22% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 4,700 | | 4,700 |
Series 2006, 0.22% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 6,000 | | 6,000 |
Richmond Pub. Util. Rev. Participating VRDN Series ROC II R 10410, 0.19% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 8,200 | | 8,200 |
Sussex County Indl. Dev. Auth. Solid Waste Disp. Rev. (Atlantic Waste Disp. Proj.) 0.2% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f) | 10,000 | | 10,000 |
Virginia Commonwealth Trans. Board Rev. Participating VRDN Series WF 12 44C, 0.17% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g) | 4,030 | | 4,030 |
Virginia Hsg. Dev. Auth. Participating VRDN Series Merlots 06 C3, 0.22% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(f)(g) | 4,190 | | 4,190 |
Virginia Hsg. Dev. Auth. Commonwealth Mtg. Rev. Participating VRDN: | | | |
Series BA 1046, 0.27% 9/7/12 (Liquidity Facility Bank of America NA) (c)(f)(g) | 27,260 | | 27,260 |
Series BA 1047, 0.27% 9/7/12 (Liquidity Facility Bank of America NA) (c)(f)(g) | 5,980 | | 5,980 |
Series Merlots 07 C42, 0.22% 9/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(f)(g) | 6,340 | | 6,340 |
Series Putters 4115, 0.24% 9/4/12 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g) | 12,245 | | 12,245 |
Virginia Pub. School Auth. Participating VRDN Series CTE 05 38, 0.17% 9/7/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (c)(g) | 17,955 | | 17,955 |
Virginia Resources Auth. Clean Wtr. Rev. Participating VRDN: | | | |
Series PT 4634, 0.31% 9/7/12 (Liquidity Facility Deutsche Postbank AG) (c)(g) | 11,880 | | 11,880 |
Series ROC II R 11923, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 3,805 | | 3,805 |
Virginia Small Bus. Fing. Auth. (Children's Hosp. of The King's Daughters, Inc. Proj.) Series 2006, 0.23% 9/7/12, LOC Bank of America NA, VRDN (c) | 23,500 | | 23,500 |
| | 256,902 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Washington - 3.6% |
Central Puget Sound Reg'l. Trans. Auth. Sales & Use Tax Rev. Participating VRDN Series Putters 2866, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | $ 8,280 | | $ 8,280 |
Chelan County Pub. Util. District #1 Rev. Participating VRDN Series BC 11 20B, 0.21% 9/7/12 (Liquidity Facility Barclays Bank PLC) (c)(f)(g) | 8,950 | | 8,950 |
Eclipse Fdg. Trust Various States Participating VRDN Series Solar 06 2, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 9,600 | | 9,600 |
Energy Northwest Elec. Rev. Participating VRDN Series MT 786, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 13,435 | | 13,435 |
Everett Indl. Dev. Corp. Exempt Facilities Rev. 0.21% 9/7/12, VRDN (b)(c)(f) | 19,200 | | 19,200 |
King County Gen. Oblig. Participating VRDN Series ROC II R 11731, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 9,810 | | 9,810 |
King County Hsg. Auth. Rev. (Overlake TOD Hsg. Proj.) 0.21% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 16,840 | | 16,840 |
King County Swr. Rev. Participating VRDN Series Putters 3941, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 6,950 | | 6,950 |
Pierce County Econ. Dev. Corp. Spl. Rev. (Weyerhaeuser Real Estate Proj.) Series 1997 A, 0.22% 9/7/12, LOC Bank of America NA, VRDN (c) | 19,505 | | 19,505 |
Port of Seattle Rev.: | | | |
Participating VRDN Series Putters 2020, 0.25% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g) | 7,430 | | 7,430 |
Series 1997, 0.24% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 108,830 | | 108,830 |
Series 2008, 0.24% 9/7/12, LOC Landesbank Hessen-Thuringen, VRDN (c)(f) | 15,000 | | 15,000 |
Port of Vancouver Rev. (United Grain Corp. of Oregon Proj.) Series 2009, 0.2% 9/7/12, LOC Bank of America NA, VRDN (c) | 25,000 | | 25,000 |
Seattle Wtr. Sys. Rev. Participating VRDN Series MS 06 2170, 0.17% 9/7/12 (Liquidity Facility Wells Fargo & Co.) (c)(g) | 2,530 | | 2,530 |
Snohomish County Hsg. Auth. Hsg. Rev. (Ebey Arms Centerhouse Proj.) Series 2003, 0.2% 9/7/12, LOC Bank of America NA, VRDN (c) | 8,170 | | 8,170 |
Univ. of Washington Univ. Revs. Participating VRDN: | | | |
Series Putters 4086, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 7,455 | | 7,455 |
Series Solar 07 75, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 38,120 | | 38,120 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Washington - continued |
Univ. of Washington Univ. Revs. Participating VRDN: - continued | | | |
Series Solar 07 94, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | $ 2,687 | | $ 2,687 |
Vancouver Hsg. Auth. Rev. (Anthem Park at Uptown Village Proj.) 0.21% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 3,450 | | 3,450 |
Washington Econ. Dev. Fin. Auth. Econ. Dev. Rev. (Puget Sound Blood Ctr. Proj.) Series 2008 D, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 9,535 | | 9,535 |
Washington Gen. Oblig. Participating VRDN: | | | |
Series DB 599, 0.21% 9/7/12 (Liquidity Facility Deutsche Bank AG) (c)(g) | 4,725 | | 4,725 |
Series Floaters 3040, 0.24% 9/7/12 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (c)(g) | 12,505 | | 12,505 |
Series GS 06 7T, 0.17% 9/7/12 (Liquidity Facility Wells Fargo & Co.) (c)(g) | 15,435 | | 15,435 |
Series MT 745, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 26,465 | | 26,465 |
Series Putters 3054, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 3,035 | | 3,035 |
Series Putters 3501Z, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 11,660 | | 11,660 |
Series Putters 3539, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 10,000 | | 10,000 |
Series Putters 3854, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 3,500 | | 3,500 |
Series putters 4033, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 5,100 | | 5,100 |
Series ROC II R 759 PB, 0.27% 9/7/12 (Liquidity Facility Deutsche Postbank AG) (c)(g) | 15,620 | | 15,620 |
Series Solar 06 13, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 33,305 | | 33,305 |
Washington Health Care Facilities Auth. Rev.: | | | |
(Southwest Washington Med. Ctr.) Series 2008 A, 0.19% 9/7/12, LOC Union Bank of California, VRDN (c) | 29,600 | | 29,600 |
Participating VRDN: | | | |
Series Putters 4038, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 5,000 | | 5,000 |
Series Putters 4728, 0.2% 9/7/12 (Liquidity Facility Bank of America NA) (c)(g) | 13,100 | | 13,100 |
Series Solar 07 66, 0.17% 9/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g) | 19,665 | | 19,665 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Washington - continued |
Washington Hsg. Fin. Commission Multi-family Hsg. Rev.: | | | |
(Avalon Ridge Apts. Proj.) Series 1999, 0.22% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | $ 18,755 | | $ 18,755 |
(Ballard Landmark Inn Proj.) Series A, 0.19% 9/7/12, LOC Fed. Home Ln. Bank, San Francisco, VRDN (c)(f) | 27,290 | | 27,290 |
(Cedar Ridge Retirement Proj.) Series 2005 A, 0.2% 9/7/12, LOC Fed. Home Ln. Bank, San Francisco, VRDN (c)(f) | 8,050 | | 8,050 |
(Crestview Apts. Proj.) Series 2004, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 14,000 | | 14,000 |
(Discovery Heights Apt. Proj.) Series 2010, 0.2% 9/7/12, LOC Bank of America NA, VRDN (c) | 17,175 | | 17,175 |
(Echo Lake Sr. Apts. Proj.) Series 2006, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 17,970 | | 17,970 |
(Fairwinds Redmond Proj.) Series A, 0.19% 9/7/12, LOC Fed. Home Ln. Bank, San Francisco, VRDN (c)(f) | 19,250 | | 19,250 |
(Gardens Univ. Village Apt. Proj.) Series A, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 48,540 | | 48,540 |
(Highland Park Apts. Proj.) Series A, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 9,040 | | 9,040 |
(Merrill Gardens at Renton Centre Proj.) Series A, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 20,790 | | 20,790 |
(Pinehurst Apts. Proj.) Series A, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 12,000 | | 12,000 |
(Silver Creek Apts. Proj.) Series A, 0.19% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 12,250 | | 12,250 |
(The Cambridge Apts. Proj.) Series 2009, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c) | 10,500 | | 10,500 |
(The Lodge at Eagle Ridge Proj.) Series A, 0.2% 9/7/12, LOC Fed. Home Ln. Bank, San Francisco, VRDN (c)(f) | 9,485 | | 9,485 |
(The Vintage at Everett Sr. Living Proj.) Series 2004 A, 0.18% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 15,750 | | 15,750 |
(The Vintage at Richland Sr. Living Proj.) Series 2004 A, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 7,535 | | 7,535 |
(Urban Ctr. Apts. Proj.) Series 2012, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 9,100 | | 9,100 |
(Vintage Mount Vernon Proj.) Series A, 0.2% 9/7/12, LOC Fannie Mae, VRDN (c)(f) | 7,500 | | 7,500 |
(Washington Terrace Sr. Apts. Proj.) Series 2010, 0.17% 9/7/12, LOC Fannie Mae, VRDN (c) | 3,750 | | 3,750 |
Washington Hsg. Fin. Commission Nonprofit Hsg. Rev. (Horizon House Proj.) Series 2005, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 43,400 | | 43,400 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Washington - continued |
Washington Hsg. Fin. Commission Nonprofit Rev. (YMCA of Pierce and Kitsap Countries Proj.): | | | |
Series 2010 A, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | $ 4,995 | | $ 4,995 |
Series 2010 B, 0.17% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c) | 9,870 | | 9,870 |
| | 896,487 |
West Virginia - 0.4% |
Harrison County Commission Solid Waste Disp. Rev. (Waste Mgmt., Inc. Proj.) Series A, 0.22% 9/7/12, 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, 0.18% 9/7/12, LOC Deutsche Bank AG, VRDN (c)(f) | 5,530 | | 5,530 |
West Virginia Econ. Dev. Auth. Energy (Morgantown Energy Associates Proj.) Series 2011, 0.18% 9/7/12, LOC Union Bank of California, VRDN (c)(f) | 23,200 | | 23,200 |
West Virginia Econ. Dev. Auth. Solid Waste Disp. Facilities Rev. (Appalachian Pwr. Co. - Amos Proj.): | | | |
Series 2008 B, 0.18% 9/7/12, LOC Mizuho Corporate Bank Ltd., VRDN (c)(f) | 30,275 | | 30,275 |
Series 2009 A, 0.17% 9/7/12, LOC Sumitomo Mitsui Banking Corp., VRDN (c) | 11,175 | | 11,175 |
Series 2009 B, 0.16% 9/7/12, LOC Sumitomo Mitsui Banking Corp., VRDN (c) | 6,500 | | 6,500 |
Wood County Commission Solid Waste Disp. Rev. (Waste Mgmt., Inc. Proj.) Series A, 0.22% 9/7/12, LOC Bank of America NA, VRDN (c)(f) | 6,580 | | 6,580 |
| | 91,680 |
Wisconsin - 0.6% |
Appleton Redev. Auth. Rev. (Fox Cities Performing Arts Ctr. Proj.) Series 2001 B, 0.18% 9/7/12, LOC JPMorgan Chase Bank, VRDN (c) | 10,200 | | 10,200 |
River Falls Indl. Dev. Rev. (Quadion Corp. Proj.) 0.21% 9/7/12, LOC U.S. Bank NA, Cincinnati, VRDN (c)(f) | 1,010 | | 1,010 |
Wisconsin Gen. Oblig. Participating VRDN Series Putters 4212, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 9,015 | | 9,015 |
Wisconsin Health & Edl. Facilities Auth. Rev. Participating VRDN ROC II R 11837, 0.17% 9/7/12 (Liquidity Facility Citibank NA) (c)(g) | 2,025 | | 2,025 |
Variable Rate Demand Note - continued |
| Principal Amount (000s) | | Value (000s) |
Wisconsin - continued |
Wisconsin Hsg. and Econ. Dev. Auth. Home Ownership Rev.: | | | |
Series 2002 I, 0.22% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | $ 29,600 | | $ 29,600 |
Series D, 0.2% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 48,450 | | 48,450 |
Wisconsin Hsg. and Econ. Dev. Auth. Multi-family Hsg. Rev.: | | | |
Series 2007 A, 0.2% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 7,310 | | 7,310 |
Series 2008 A, 0.18% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c) | 10,690 | | 10,690 |
Wisconsin Trans. Rev. Participating VRDN Series Putters 4213, 0.18% 9/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g) | 20,000 | | 20,000 |
| | 138,300 |
Wyoming - 0.4% |
Laramie County Indl. Dev. Rev. (Cheyenne Lt., Fuel & Pwr. Co. Proj.) Series 2009 A, 0.22% 9/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f) | 5,000 | | 5,000 |
Wyoming Cmnty. Dev. Auth. Hsg. Rev.: | | | |
Series 2005-4, 0.19% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 4,735 | | 4,735 |
Series 2006-2, 0.19% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 8,000 | | 8,000 |
Series 2006-5, 0.19% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 10,000 | | 10,000 |
Series 2006-7, 0.19% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 10,000 | | 10,000 |
Series 2006-9, 0.19% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 10,000 | | 10,000 |
Series 2007-11, 0.19% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 12,000 | | 12,000 |
Series 2007-2, 0.19% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 6,000 | | 6,000 |
Series 2007-4, 0.19% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 14,000 | | 14,000 |
Series 2007-8, 0.19% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 12,000 | | 12,000 |
Series 2008-2, 0.19% 9/7/12 (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN (c)(f) | 13,000 | | 13,000 |
| | 104,735 |
TOTAL VARIABLE RATE DEMAND NOTE | 16,043,582 |
Other Municipal Debt - 29.0% |
| Principal Amount (000s) | | Value (000s) |
Alabama - 0.1% |
Alabama Pub. School & College Auth. Rev. Bonds: | | | |
Series 2010 B, 5% 5/1/13 | $ 4,380 | | $ 4,519 |
Series 2012 A, 5% 3/1/13 | 6,080 | | 6,225 |
Auburn Univ. Gen. Fee Rev. Bonds Series WF 08 55C, 0.26%, tender 2/14/13 (Liquidity Facility Wells Fargo & Co.) (c)(g)(h) | 23,525 | | 23,525 |
| | 34,269 |
Alaska - 0.2% |
Anchorage Gen. Oblig. Series 2008 A: | | | |
0.2% 11/16/12, LOC U.S. Bank NA, Cincinnati, CP (f) | 20,000 | | 20,000 |
0.21% 10/18/12, LOC U.S. Bank NA, Cincinnati, CP (f) | 20,000 | | 20,000 |
| | 40,000 |
Arizona - 0.5% |
Arizona School Facilities Board Ctfs. of Prtn. Bonds Series 2008, 5% 9/1/12 | 24,580 | | 24,580 |
Phoenix Civic Impt. Corp. Wastewtr. Sys. Rev.: | | | |
Series 2012 A, 0.19% 12/6/12, LOC Royal Bank of Canada, CP | 40,300 | | 40,300 |
Series 2012 B, 0.15% 9/4/12, LOC Wells Fargo Bank NA, CP | 46,900 | | 46,900 |
Salt River Proj. Agricultural Impt. Bonds 5% 12/1/12 | 6,145 | | 6,218 |
Salt River Proj. Agricultural Impt. & Pwr. District Elec. Sys. Rev.: | | | |
Bonds Series 2002 B, 5% 1/1/13 (Pre-Refunded to 1/1/13 @ 100) | 4,200 | | 4,267 |
Series C, 0.17% 9/6/12, CP | 13,200 | | 13,200 |
| | 135,465 |
California - 6.7% |
Berkeley Gen. Oblig. TRAN 1% 7/11/13 | 18,700 | | 18,828 |
California Dept. of Wtr. Resources Pwr. Supply Rev. Bonds: | | | |
Series 2010 M, 5% 5/1/13 | 1,000 | | 1,032 |
Series 2011 N, 5% 5/1/13 | 3,300 | | 3,405 |
California Edl. Facilities Auth. Rev. Bonds (Stanford Univ. Proj.) Series S3, 0.21% tender 3/28/13, CP mode | 33,100 | | 33,100 |
California Gen. Oblig. RAN: | | | |
Series A2, 2.5% 6/20/13 | 32,800 | | 33,341 |
2.5% 5/30/13 | 300,000 | | 304,820 |
California Health Facilities Fing. Auth. Rev. Bonds: | | | |
(Stanford Hosp. & Clinics Proj.) Series 2008 B2-2, 0.17%, tender 12/5/12 (c) | 9,250 | | 9,250 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
California - continued |
California Health Facilities Fing. Auth. Rev. Bonds: - continued | | | |
Series WF 12 7C, 0.26%, tender 2/14/13 (Liquidity Facility Wells Fargo Bank NA) (c)(g)(h) | $ 26,360 | | $ 26,360 |
California School Cash Reserve Prog. Auth. TRAN: | | | |
Series 2012 B, 2% 2/1/13 | 12,655 | | 12,748 |
Series 2012 E, 2% 3/1/13 | 46,200 | | 46,605 |
Series 2012 G, 2% 3/1/13 | 54,400 | | 54,877 |
Series 2012 L, 2% 6/3/13 | 8,130 | | 8,237 |
California State Univ. Rev. Series 2001 A, 0.19% 9/5/12, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 7,161 | | 7,161 |
California Statewide Cmntys. Dev. Auth. Rev. TRAN Series A 3A, 1% 1/31/13 | 13,100 | | 13,144 |
Fresno County Gen. Oblig. TRAN 2% 6/28/13 | 10,800 | | 10,958 |
Los Angeles County Gen. Oblig.: | | | |
Series 2010 C, 0.19% 10/18/12, LOC Wells Fargo Bank NA, CP | 7,000 | | 7,000 |
TRAN: | | | |
Series 2012 A, 2% 2/28/13 | 114,210 | | 115,226 |
Series 2012 B, 2% 3/29/13 | 118,500 | | 119,729 |
Los Angeles County Schools Pooled Fing. Prog. Ctfs. of Prtn. TRAN Series 2012 B2, 2% 12/31/12 | 10,400 | | 10,457 |
Los Angeles Dept. Arpt. Rev.: | | | |
Series B4, 0.19% 10/25/12, LOC Wells Fargo Bank NA, CP (f) | 8,000 | | 8,000 |
Series D4, 0.19% 10/25/12, LOC Wells Fargo Bank NA, CP | 27,300 | | 27,300 |
Los Angeles Gen. Oblig. TRAN Series 2012 B, 2% 3/28/13 | 62,100 | | 62,741 |
Los Angeles Muni. Impt. Corp. Lease Rev.: | | | |
Series 2004 A1: | | | |
0.18% 10/15/12, LOC Wells Fargo Bank NA, CP | 22,000 | | 22,000 |
0.21% 12/13/12, LOC Wells Fargo Bank NA, CP | 13,503 | | 13,503 |
Series 2004 A2. 0.19% 11/5/12, LOC JPMorgan Chase Bank, CP | 15,000 | | 15,000 |
Los Angeles Unified School District: | | | |
Bonds Series 2005 C, 5% 7/1/13 | 2,545 | | 2,646 |
TRAN Series 2012 A2, 1% 2/28/13 | 84,600 | | 84,943 |
Orange County Local Trans. Auth. Sales Tax Rev. Series 2012 A, 0.2% 12/5/12, LOC JPMorgan Chase Bank, CP | 25,000 | | 25,000 |
Orange County Spl. Fing. Auth. Teeter Plan Rev.: | | | |
0.19% 11/7/12, LOC Wells Fargo Bank NA, CP | 9,200 | | 9,200 |
0.19% 11/8/12, LOC Wells Fargo Bank NA, CP | 32,600 | | 32,600 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
California - continued |
Riverside County Gen. Oblig. TRAN: | | | |
Series 2012 A, 2% 3/29/13 | $ 51,200 | | $ 51,734 |
Series 2012 B, 2% 6/28/13 | 23,000 | | 23,339 |
Sacramento Muni. Util. District Elec. Rev. Series K1, 0.19% 12/6/12, LOC JPMorgan Chase Bank, CP | 3,600 | | 3,600 |
San Bernardino County Gen. Oblig. TRAN 2% 6/28/13 | 19,600 | | 19,888 |
San Diego County Reg'l. Arpt. Auth. Series 2007 B, 0.23% 9/12/12, LOC Lloyds TSB Bank PLC, CP (f) | 20,729 | | 20,729 |
San Diego County Wtr. Auth. Wtr. Rev. Bonds Series WF 08 29C, 0.26%, tender 2/14/13 (Liquidity Facility Wells Fargo & Co.) (c)(g)(h) | 22,000 | | 22,000 |
San Diego Unified School District TRAN Series A1, 2% 1/31/13 | 52,600 | | 52,994 |
San Francisco City & County Unified School District TRAN Series 2012 A, 2% 6/28/13 | 85,000 | | 86,249 |
San Francisco County Trans. Auth. Series 2004 A: | | | |
0.18% 11/5/12, LOC Wells Fargo Bank NA, CP | 27,215 | | 27,215 |
0.18% 11/8/12, LOC Wells Fargo Bank NA, CP | 56,250 | | 56,250 |
Santa Clara Valley Wtr. District Wtr. Util. Rev. Series 2010 A2: | | | |
0.18% 10/4/12, LOC JPMorgan Chase Bank, CP | 15,335 | | 15,335 |
0.19% 9/6/12, LOC JPMorgan Chase Bank, CP | 27,320 | | 27,320 |
Univ. of California Revs. Bonds Series Floaters 09 7C, 0.26%, tender 2/14/13 (Liquidity Facility Wells Fargo & Co.) (c)(g)(h) | 8,600 | | 8,600 |
Ventura County Gen. Oblig. TRAN 2.5% 7/1/13 | 89,270 | | 90,975 |
| | 1,645,439 |
Colorado - 0.5% |
Colorado Ed. Ln. Prog. TRAN Series 2012 B, 2% 6/27/13 | 93,400 | | 94,773 |
Denver City & County Board Wtr. Rev. Bonds Series 2012 B, 2% 12/15/12 | 2,615 | | 2,628 |
Univ. of Colorado Enterprise Sys. Rev. Bonds Series WF 11 128C, 0.23%, tender 1/24/13 (Liquidity Facility Wells Fargo Bank NA) (c)(g)(h) | 18,365 | | 18,365 |
| | 115,766 |
District Of Columbia - 0.6% |
District of Columbia Income Tax Rev. Bonds: | | | |
Series 2011 C, 0.22% 12/1/12 (c) | 3,415 | | 3,415 |
Series WF 11 145C, 0.26%, tender 2/14/13 (Liquidity Facility Wells Fargo Bank NA) (c)(g)(h) | 13,535 | | 13,535 |
District of Columbia Rev. Bonds: | | | |
(American Nat'l. Red Cross Proj.) Series 2000, 0.2% tender 10/19/12, LOC JPMorgan Chase Bank, CP mode | 41,600 | | 41,600 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
District Of Columbia - continued |
District of Columbia Rev. Bonds: - continued | | | |
(Nat'l. Academy of Sciences Proj.) 0.22% tender 9/4/12, LOC Bank of America NA, CP mode | $ 41,000 | | $ 41,000 |
Metropolitan Washington Arpts. Auth. Dulles Toll Road Rev. Series 1, 0.2% 11/7/12, LOC JPMorgan Chase Bank, CP | 41,100 | | 41,100 |
| | 140,650 |
Florida - 1.5% |
Florida Board of Ed. Lottery Rev. Bonds Series 2006 B, 5% 7/1/13 | 3,000 | | 3,119 |
Florida Board of Ed. Pub. Ed. Cap. Outlay Bonds Series 2012 B, 5% 6/1/13 | 10,000 | | 10,357 |
Florida Dept. of Envir. Protection Rev. Bonds: | | | |
Series 2003 B, 5% 7/1/13 | 6,760 | | 7,024 |
Series 2011 A, 4% 7/1/13 | 4,000 | | 4,123 |
Florida Hurricane Catastrophe Fund Fin. Corp. Rev. Bonds Series 2008 A, 5% 7/1/13 | 10,175 | | 10,563 |
Florida Local Govt. Fin. Cmnty.: | | | |
Series 2011 A1, 0.2% 10/4/12, LOC JPMorgan Chase Bank, CP | 8,414 | | 8,414 |
Series 2011 B1, 0.22% 10/4/12, LOC JPMorgan Chase Bank, CP (f) | 12,975 | | 12,975 |
Hillsborough County Cap. Impt. Prog. Rev.: | | | |
Series 2012 A, 0.19% 9/20/12, LOC State Street Bank & Trust Co., Boston, CP | 23,140 | | 23,140 |
Series A: | | | |
0.19% 10/11/12, LOC State Street Bank & Trust Co., Boston, CP | 2,400 | | 2,400 |
0.2% 11/15/12, LOC State Street Bank & Trust Co., Boston, CP | 7,500 | | 7,500 |
Jacksonville Elec. Auth. Elec. Sys. Rev. Series C1, 0.17% 10/3/12, CP | 41,300 | | 41,300 |
Jacksonville Gen. Oblig. Series 2004 A, 0.27% 10/1/12, LOC Landesbank Baden-Wuert, CP | 14,990 | | 14,990 |
Jacksonville Poll. Cont. Rev. Bonds (Florida Pwr. & Lt. Co. Proj.): | | | |
Series 1992, 0.21% tender 9/18/12, CP mode | 20,300 | | 20,300 |
Series 1994, 0.21% tender 9/18/12, CP mode | 30,855 | | 30,855 |
JEA Saint Johns River Pwr. Park Sys. Rev. Bonds Series 23 Issue 2, 3% 10/1/12 | 22,920 | | 22,972 |
Manatee County School District TAN Series 2012, 2% 5/1/13 | 36,100 | | 36,529 |
Miami-Dade County School District TAN Series 2012, 2.5% 2/28/13 | 83,500 | | 84,438 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Florida - continued |
Orlando & Orange County Expressway Auth. Rev. Bonds Series 2003 A, 5% 7/1/13 | $ 4,710 | | $ 4,887 |
Orlando Utils. Commission Util. Sys. Rev. Bonds Series 2011 A, 0.28%, tender 3/29/13 (c) | 14,500 | | 14,500 |
Sunshine State Govt. Fing. Commission Rev. Bonds Series 2011 A, 5% 9/1/12 | 2,880 | | 2,880 |
Tampa Health Sys. Rev. Bonds Series 2012 B, 0.27%, tender 3/29/13 (c) | 14,515 | | 14,515 |
| | 377,781 |
Georgia - 0.2% |
Cobb County Gen. Obligations TAN Series 2012, 1.5% 11/30/12 | 30,000 | | 30,097 |
Georgia Gen. Oblig. Bonds Series WF 08 12C, 0.23%, tender 1/24/13 (Liquidity Facility Wells Fargo & Co.) (c)(g)(h) | 14,145 | | 14,145 |
Georgia Road & Thruway Auth. Rev. Bonds Series 2011 A, 4% 3/1/13 | 3,000 | | 3,057 |
Muni. Elec. Auth. of Georgia Bonds (Gen. Resolution Projs.) Series 1985 A, 0.19% tender 9/14/12, LOC Barclays Bank PLC, CP mode | 8,050 | | 8,050 |
| | 55,349 |
Hawaii - 0.0% |
Hawaii Gen. Oblig. Bonds Series 2002 CY, 5.75% 2/1/13 | 3,000 | | 3,069 |
Idaho - 0.6% |
Idaho Gen. Oblig. TAN Series 2012, 2% 6/28/13 | 150,000 | | 152,214 |
Illinois - 0.4% |
Chicago O'Hare Int'l. Arpt. Rev. Series 2011 A1, 0.2% 9/13/12, LOC JPMorgan Chase Bank, CP (f) | 39,508 | | 39,508 |
DuPage County Gen. Oblig. Bonds Series Merlots 00 A9, 0.23%, tender 1/23/13 (Liquidity Facility Wells Fargo Bank NA) (c)(g)(h) | 9,710 | | 9,710 |
Illinois Fin. Auth. Rev. Bonds (Advocate Health Care Network Proj.): | | | |
Series 2008 A1, 0.22%, tender 1/24/13 (c) | 7,500 | | 7,500 |
Series 2008 A2, 1.4%, tender 2/1/13 (c) | 2,375 | | 2,386 |
Series 2011 B, 0.29%, tender 3/29/13 (c) | 11,700 | | 11,700 |
Illinois Health Facilities Auth. Rev. Bonds Series 2003 C, 0.25%, tender 4/19/13 (c) | 9,000 | | 9,000 |
Illinois Unemployment Ins. Fund Bldg. Receipts Bonds Series 2012 A, 2% 6/15/13 | 8,500 | | 8,614 |
| | 88,418 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Indiana - 0.3% |
Indiana Fin. Auth. Rev. Bonds: | | | |
(Trinity Health Sys. Proj.) Series D2: | | | |
0.18% tender 11/15/12, CP mode | $ 17,900 | | $ 17,900 |
0.19% tender 11/15/12, CP mode | 20,400 | | 20,400 |
Series 2012 B, 1.5% 2/1/13 | 4,445 | | 4,469 |
Indianapolis Gas Util. Sys. Rev. Series 2001 A2: | | | |
0.2% 11/7/12, LOC JPMorgan Chase Bank, CP | 18,000 | | 18,000 |
0.2% 11/7/12, LOC JPMorgan Chase Bank, CP | 25,000 | | 25,000 |
| | 85,769 |
Kansas - 0.1% |
City of Lawrence BAN Series 2011 I, 2% 10/1/12 | 14,375 | | 14,395 |
Kansas Dept. of Trans. Hwy. Rev. Bonds Series 2012 A1, 0.2% 9/1/13 (c) | 7,400 | | 7,400 |
| | 21,795 |
Kentucky - 0.3% |
Jefferson County Poll. Cont. Bonds (Louisville Gas & Elec. Co. Proj.) Series A2, 0.4% tender 9/26/12, CP mode (f) | 30,000 | | 30,000 |
Jefferson County Poll. Cont. Rev. Bonds (Louisville Gas & Elec. Co. Proj.) Series 2001 A, 0.34% tender 9/18/12, CP mode | 9,600 | | 9,600 |
Trimble County Poll. Cont. Rev. Bonds: | | | |
Series 2001 A, 0.35% tender 10/4/12, CP mode | 19,800 | | 19,800 |
Series 2001 B, 0.4% tender 9/26/12, CP mode (f) | 8,600 | | 8,600 |
| | 68,000 |
Louisiana - 0.0% |
Louisiana Gas & Fuel Tax Rev. Bonds Series 2012 A1, 2.5% 5/1/13 | 7,290 | | 7,401 |
Maryland - 0.6% |
Baltimore County Gen. Oblig.: | | | |
Series 2011 Q: | | | |
0.18% 10/15/12 (Liquidity Facility Mizuho Corporate Bank Ltd.), CP | 31,000 | | 31,000 |
0.19% 11/5/12 (Liquidity Facility Mizuho Corporate Bank Ltd.), CP | 33,600 | | 33,600 |
0.19% 11/13/12 (Liquidity Facility Mizuho Corporate Bank Ltd.), CP | 53,000 | | 53,000 |
Series 2011, 0.15% 9/10/12 (Liquidity Facility Mizuho Corporate Bank Ltd.), CP | 12,940 | | 12,940 |
Maryland Gen. Oblig. Bonds: | | | |
First Series 2001, 5.5% 3/1/13 | 7,285 | | 7,477 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Maryland - continued |
Maryland Gen. Oblig. Bonds: - continued | | | |
First Series 2007, 5% 3/15/13 | $ 5,950 | | $ 6,103 |
Maryland Stadium Auth. Sports Facilities Bonds Series 2011 B, 1.5% 12/15/12 (f) | 6,555 | | 6,574 |
| | 150,694 |
Massachusetts - 0.2% |
Massachusetts Dev. Fin. Agcy. Electrical Utils. Rev. (Nantucket Elec. Co. Proj.) Bonds Series 2005, 0.47% tender 9/7/12, CP mode (f) | 24,400 | | 24,400 |
Massachusetts Indl. Fin. Agcy. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.): | | | |
Series 1992, 0.45% tender 9/6/12, CP mode | 8,100 | | 8,100 |
Series 1993 A, 0.42% tender 9/7/12, CP mode | 15,000 | | 15,000 |
Series 1993 B: | | | |
0.45% tender 9/26/12, CP mode | 950 | | 950 |
0.5% tender 9/14/12, CP mode | 7,150 | | 7,150 |
Massachusetts State Dev. Fin. Agcy. Elec. Util. Rev. Bonds (Nantucket Elec. Co. Proj.) Series 2007, 0.4% tender 9/26/12, CP mode (f) | 1,100 | | 1,100 |
| | 56,700 |
Michigan - 0.5% |
Michigan Bldg. Auth. Rev. Series 6, 0.22% 9/27/12, LOC State Street Bank & Trust Co., Boston, LOC U.S. Bank NA, Cincinnati, CP | 36,200 | | 36,200 |
Michigan Fin. Auth. Rev. Bonds Series 2011, 2% 10/1/12 | 7,775 | | 7,786 |
Michigan Hosp. Fin. Auth. Rev. Bonds (Trinity Health Sys. Proj.) Series 2008 C: | | | |
0.18% tender 10/9/12, CP mode | 43,325 | | 43,325 |
0.18% tender 12/3/12, CP mode | 26,030 | | 26,030 |
| | 113,341 |
Minnesota - 0.3% |
Hennepin County Gen. Oblig. Bonds Series 2012 A, 3% 12/1/12 | 2,375 | | 2,391 |
Metropolitan Council Gen. Oblig. Rev. Bonds: | | | |
Series 2011 C, 0.25% 3/1/13 | 10,000 | | 10,000 |
Series 2012 C, 3% 3/1/13 | 12,390 | | 12,563 |
Minnesota Gen. Oblig. Bonds: | | | |
Series 2009 H, 5% 11/1/12 (Escrowed to Maturity) | 7,150 | | 7,207 |
Series 2012 B, 5% 8/1/13 | 5,850 | | 6,105 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Minnesota - continued |
Univ. of Minnesota Gen. Oblig.: | | | |
Series 2007 C: | | | |
0.18% 10/9/12, CP | $ 9,050 | | $ 9,050 |
0.18% 12/5/12, CP | 11,600 | | 11,600 |
Series 2009 D, 0.19% 2/6/13, CP | 9,000 | | 9,000 |
| | 67,916 |
Mississippi - 0.1% |
Mississippi Gen. Oblig. Bonds (Notes Proj.) Series 2005 C, 5% 12/1/12 | 4,980 | | 5,039 |
Mississippi Hosp. Equip. & Facilities Auth. Bonds (Baptist Memorial Health Care Proj.) Series 2004 B2, 0.21%, tender 1/9/13 (c)(h) | 10,000 | | 10,000 |
| | 15,039 |
Missouri - 0.2% |
Missouri Health & Edl. Facilities Auth. Health Facilities Rev. Bonds (CoxHealth Proj.) 0.18% tender 12/3/12, LOC Bank of Nova Scotia New York Branch, CP mode | 22,000 | | 22,000 |
Saint Louis Gen. Fund Rev. TRAN Series 2012, 2% 5/30/13 | 16,300 | | 16,515 |
| | 38,515 |
Montana - 0.0% |
Montana Board of Invt. Bonds Series 1998, 0.22%, tender 3/1/13 (c) | 6,470 | | 6,470 |
Nebraska - 0.2% |
Lincoln Elec. Sys. Rev. Bonds Series 2002, 5% 9/1/12 | 5,000 | | 5,000 |
Omaha Pub. Pwr. District Elec. Rev.: | | | |
Series 2012 A: | | | |
0.18% 9/19/12, CP | 10,000 | | 10,000 |
0.18% 9/27/12, CP | 15,000 | | 15,000 |
0.19% 10/1/12, CP | 5,200 | | 5,200 |
Series A, 0.18% 9/17/12, CP | 13,500 | | 13,500 |
| | 48,700 |
Nevada - 0.2% |
Clark County Fuel Tax Bonds Series 2010 D, 5% 7/1/13 | 3,735 | | 3,880 |
Truckee Meadows Wtr. Auth. Wtr. Rev.: | | | |
Series 2006 A, 0.18% 9/13/12, LOC JPMorgan Chase Bank, CP | 26,900 | | 26,900 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Nevada - continued |
Truckee Meadows Wtr. Auth. Wtr. Rev.: - continued | | | |
Series 2006 B: | | | |
0.17% 9/5/12, LOC Wells Fargo Bank NA, CP | $ 13,100 | | $ 13,100 |
0.17% 9/5/12, LOC Wells Fargo Bank NA, CP | 16,600 | | 16,600 |
| | 60,480 |
New Hampshire - 0.3% |
New Hampshire Bus. Fin. Auth. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.): | | | |
Series 1990 A, 0.5% tender 9/6/12, CP mode (f) | 8,350 | | 8,350 |
Series 1990 B, 0.5% tender 9/14/12, CP mode | 19,800 | | 19,800 |
Series A1, 0.4% tender 9/26/12, CP mode (f) | 35,500 | | 35,500 |
New Hampshire Gen. Oblig. Bonds Series 2009 B, 5% 3/1/13 | 5,450 | | 5,580 |
Rockingham County Gen. Oblig. TAN 0.75% 12/20/12 | 13,500 | | 13,523 |
| | 82,753 |
New Mexico - 0.0% |
New Mexico Gen. Oblig. Bonds Series 2008 A, 5% 3/1/13 | 1,560 | | 1,597 |
New York - 0.8% |
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev. Series 7, 0.22% 5/20/13, CP | 34,200 | | 34,200 |
New York City Transitional Fin. Auth. Rev. Bonds Series E, 4% 11/1/12 | 2,000 | | 2,012 |
New York Local Govt. Assistance Corp. Bonds Series 2007 A, 5% 4/1/13 | 8,520 | | 8,758 |
New York Metropolitan Trans. Auth. Rev.: | | | |
Series 2C, 0.16% 9/4/12, LOC Royal Bank of Canada, CP | 15,800 | | 15,800 |
Series 2D, 0.19% 9/21/12, LOC Citibank NA, CP | 30,000 | | 30,000 |
New York Thruway Auth. Hwy. & Bridge Trust Fund Bonds Series 2005 B, 5% 4/1/13 | 3,225 | | 3,315 |
New York Thruway Auth. Personal Income Tax Rev. Bonds Series 2011 A, 3% 3/15/13 | 5,000 | | 5,075 |
New York Thruway Auth. Svc. Contract Rev. Bonds Series 2012 A, 2% 4/1/13 | 60,685 | | 61,324 |
Suffolk County Wtr. Auth. BAN Series 2012 A, 2% 1/15/13 | 32,900 | | 33,119 |
| | 193,603 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
New York & New Jersey - 0.1% |
Port Auth. of New York & New Jersey: | | | |
Bonds 131st Series, 5% 12/15/12 (f) | $ 2,000 | | $ 2,027 |
Series B, 0.18% 11/14/12, CP | 12,080 | | 12,080 |
| | 14,107 |
North Carolina - 0.4% |
Board of Governors of the Univ. of North Carolina Series D: | | | |
0.18% 12/3/12, CP | 6,400 | | 6,400 |
0.18% 12/3/12, CP | 11,300 | | 11,300 |
0.19% 2/6/13, CP | 3,000 | | 3,000 |
Charlotte Ctfs. of Prtn. Bonds Series 2012 A, 3% 12/1/12 | 3,610 | | 3,635 |
Charlotte Gen. Oblig. Series 2009, 0.2% 9/18/12 (Liquidity Facility Wells Fargo Bank NA), CP | 6,000 | | 6,000 |
Durham County Gen. Oblig. Bonds Series 2012, 3% 4/1/13 | 6,990 | | 7,104 |
North Carolina Eastern Muni. Pwr. Agcy. Pwr. Sys. Rev. Bonds Series 2012 A, 4% 1/1/13 | 2,995 | | 3,030 |
North Carolina Gen. Oblig. Bonds: | | | |
Series 2003 A, 5.25% 3/1/13 | 4,650 | | 4,767 |
Series 2005 B, 5% 4/1/13 | 2,350 | | 2,415 |
Series A, 5.5% 3/1/13 | 13,750 | | 14,112 |
North Carolina Med. Care Commission Health Care Facilities Rev. Bonds Series 2012 A, 2% 10/1/12 | 5,635 | | 5,643 |
North Carolina Muni. Pwr. Agcy. #1 Catawba Elec. Rev. Bonds Series 2008 A, 5.25% 1/1/13 | 3,930 | | 3,995 |
Pender County Gen. Oblig. BAN 0.5% 10/17/12 | 17,500 | | 17,505 |
Wake County Gen. Oblig. Bonds: | | | |
Series 2004, 4.5% 3/1/13 | 5,250 | | 5,362 |
Series 2007, 5% 3/1/13 | 1,400 | | 1,433 |
| | 95,701 |
Ohio - 0.3% |
Franklin County Hosp. Rev. Bonds (U.S. Health Corp. of Columbus Proj.) Series 2011 B, 0.25%, tender 7/9/13 (c) | 4,200 | | 4,200 |
Ohio Higher Edl. Facility Commission Rev. Bonds (The Cleveland Clinic Foundation Proj.): | | | |
Series 2008 B5: | | | |
0.16% tender 9/13/12, CP mode | 7,200 | | 7,200 |
0.17% tender 10/23/12, CP mode | 10,000 | | 10,000 |
0.19% tender 10/4/12, CP mode | 12,400 | | 12,400 |
0.2% tender 10/11/12, CP mode | 18,650 | | 18,650 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Ohio - continued |
Ohio Higher Edl. Facility Commission Rev. Bonds (The Cleveland Clinic Foundation Proj.): - continued | | | |
Series 2008 B6: | | | |
0.16% tender 9/13/12, CP mode | $ 8,600 | | $ 8,600 |
0.17% tender 10/23/12, CP mode | 8,800 | | 8,800 |
| | 69,850 |
Oklahoma - 0.0% |
Oklahoma City Wtr. Utils. Trust Wtr. and Swr. Rev.: | | | |
Series 2012 A, 0.19% 10/10/12, LOC State Street Bank & Trust Co., Boston, CP | 8,205 | | 8,205 |
Series A, 0.2% 11/8/12, LOC State Street Bank & Trust Co., Boston, CP | 4,000 | | 4,000 |
| | 12,205 |
Oregon - 1.3% |
Clackamas County Hosp. Facility Auth. Bonds (Providence Health Sys. Proj.): | | | |
Series 2003 D, 0.19% tender 12/11/12, CP mode | 20,500 | | 20,500 |
Series 2003 E 0.18% tender 10/3/12, CP mode | 10,000 | | 10,000 |
Series 2003 E: | | | |
0.18% tender 11/15/12, CP mode | 8,000 | | 8,000 |
0.19% tender 12/5/12, CP mode | 8,000 | | 8,000 |
0.19% tender 12/11/12, CP mode | 6,000 | | 6,000 |
Series 2003 G: | | | |
0.16% tender 9/4/12, CP mode | 14,400 | | 14,400 |
0.19% tender 12/5/12, CP mode | 21,525 | | 21,525 |
Series F: | | | |
0.16% tender 9/4/12, CP mode | 10,000 | | 10,000 |
0.17% tender 10/3/12, CP mode | 15,000 | | 15,000 |
0.17% tender 10/3/12, CP mode | 10,000 | | 10,000 |
0.18% tender 12/5/12, CP mode | 5,000 | | 5,000 |
Oregon Gen. Oblig.: | | | |
Bonds Series 2012 L, 1% 11/1/12 | 14,590 | | 14,610 |
TAN Series 2012 A, 2% 6/28/13 | 140,700 | | 142,781 |
Portland Gen. Oblig. TAN Series 2012, 2% 6/27/13 | 21,030 | | 21,340 |
Salem-Keizer School District #24J Bonds Series WF 09 4Z, 0.23%, tender 1/24/13 (Liquidity Facility Wells Fargo & Co.) (c)(g)(h) | 16,595 | | 16,595 |
| | 323,751 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Pennsylvania - 0.0% |
Univ. of Pittsburgh Commonwealth Sys. of Higher Ed. BAN Series 2012, 2% 7/2/13 | $ 13,300 | | $ 13,498 |
South Carolina - 1.1% |
Aiken County Consolodated School District Bonds Series 2012, 2% 4/1/13 | 5,750 | | 5,810 |
Charleston County School District: | | | |
Bonds Series 2010 A, 3% 2/1/13 | 4,020 | | 4,066 |
TAN Series 2012, 1% 4/1/13 | 51,500 | | 51,739 |
Florence City School District #1 Bonds Series 2012, 3% 3/1/13 | 11,980 | | 12,147 |
Oconee County School District Bonds Series 2012, 2% 3/1/13 | 5,515 | | 5,563 |
South Carolina Assoc. of Governmental Organizations Ctfs. of Prtn. Bonds: | | | |
Series 2012 A, 2% 3/1/13 (South Carolina Gen. Oblig. Guaranteed) | 56,600 | | 57,110 |
Series 2012 E, 4% 3/1/13 (South Carolina Gen. Oblig. Guaranteed) (b) | 3,765 | | 3,829 |
South Carolina Gen. Oblig. Bonds: | | | |
Series 2009 A, 4% 10/1/12 | 3,020 | | 3,029 |
Series 2011 A: | | | |
5% 3/1/13 | 5,000 | | 5,119 |
5% 3/1/13 | 2,000 | | 2,048 |
Series 2012 A, 4% 4/1/13 | 5,880 | | 6,009 |
South Carolina Pub. Svc. Auth. Rev.: | | | |
Series 2010 A: | | | |
0.17% 9/6/12, CP | 15,126 | | 15,126 |
0.18% 9/7/12, CP | 25,000 | | 25,000 |
0.18% 9/12/12, CP | 11,490 | | 11,490 |
Series 2010 B: | | | |
0.17% 9/13/12, CP | 4,844 | | 4,844 |
0.18% 10/4/12, CP | 18,420 | | 18,420 |
0.18% 11/16/12, CP | 2,604 | | 2,604 |
Series 2010 C, 0.18% 9/4/12, CP | 8,298 | | 8,298 |
York County Poll. Cont. Rev. Bonds (Duke Energy Corp. Proj.) 0.4% tender 9/4/12, CP mode | 22,400 | | 22,400 |
| | 264,651 |
Tennessee - 0.0% |
Tennessee Gen. Oblig. Bonds: | | | |
Series 1999 A, 5% 5/1/13 | 1,845 | | 1,903 |
Series 2007 A, 5% 10/1/12 | 2,000 | | 2,008 |
| | 3,911 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - 7.0% |
Alief Independent School District Bonds Series 2012, 2% 2/15/13 (Permanent School Fund of Texas Guaranteed) | $ 2,235 | | $ 2,252 |
Austin Elec. Util. Sys. Rev. Bonds: | | | |
Series 1998, 6.75% 11/15/12 | 1,300 | | 1,317 |
Series 2006 A, 5% 11/15/12 | 2,250 | | 2,272 |
Series 2007, 5% 11/15/12 | 1,280 | | 1,292 |
Austin Gen. Oblig. Bonds: | | | |
Series 2011 A, 2.25% 9/1/12 | 8,400 | | 8,400 |
Series A, 2% 9/1/12 | 15,235 | | 15,235 |
Austin Wtr. & Wastewtr. Sys. Rev. Bonds Series WF 11 139C, 0.26%, tender 2/14/13 (Liquidity Facility Wells Fargo Bank NA) (c)(g)(h) | 20,990 | | 20,990 |
Board of Regents of The Texas A&M Univ. Sys. Permanent Univ. Fund Series A, 0.17% 9/7/12, CP | 25,000 | | 25,000 |
Dallas Independent School District Bonds Series 2009, 5% 2/15/13 | 1,000 | | 1,021 |
Eanes Independent School District Bonds Series 2011, 3% 8/1/13 (Permanent School Fund of Texas Guaranteed) | 1,000 | | 1,025 |
Fort Bend Independent School District Bonds Series 2009, 4% 2/15/13 | 1,000 | | 1,017 |
Frisco Independent School District Bonds Series WF 11 1C, 0.23%, tender 1/24/13 (Liquidity Facility Wells Fargo Bank NA) (c)(g)(h) | 13,600 | | 13,600 |
Harris County Gen. Oblig.: | | | |
Bonds Series 2004 A, 5% 10/1/12 | 3,980 | | 3,996 |
Series A1, 0.19% 12/18/12 (Liquidity Facility State Street Bank & Trust Co., Boston), CP | 6,450 | | 6,450 |
Series D: | | | |
0.19% 11/8/12 (Liquidity Facility JPMorgan Chase Bank), CP | 2,440 | | 2,440 |
0.19% 12/6/12 (Liquidity Facility JPMorgan Chase Bank), CP | 17,860 | | 17,860 |
TAN Series 2012: | | | |
1% 2/28/13 | 118,400 | | 118,877 |
2% 2/28/13 | 20,300 | | 20,483 |
Harris County Metropolitan Trans. Auth.: | | | |
Series A1: | | | |
0.19% 9/6/12 (Liquidity Facility JPMorgan Chase Bank), CP | 10,000 | | 10,000 |
0.2% 9/10/12 (Liquidity Facility JPMorgan Chase Bank), CP | 34,300 | | 34,300 |
Series A3, 0.19% 9/6/12 (Liquidity Facility State Street Bank & Trust Co., Boston), CP | 4,000 | | 4,000 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
Houston Gen. Oblig. Series A, 0.29% 10/1/12, LOC Union Bank of California, CP | $ 23,100 | | $ 23,100 |
Houston Higher Ed. Fin. Corp. Higher Ed. Rev. Series A: | | | |
0.19% 10/3/12, CP | 10,000 | | 10,000 |
0.21% 9/19/12, CP | 9,725 | | 9,725 |
Houston Util. Sys. Rev. Series 2012 B2: | | | |
0.18% 9/12/12, LOC Wells Fargo Bank NA, CP | 20,000 | | 20,000 |
0.19% 9/13/12, LOC Wells Fargo Bank NA, CP | 12,500 | | 12,500 |
Houston Wtr. & Swr. Sys. Rev. Bonds Series C, 0% 12/1/12 | 18,750 | | 18,737 |
Killeen Independent School District Bonds Series 2012, 3% 2/15/13 (Permanent School Fund of Texas Guaranteed) | 2,190 | | 2,218 |
Lower Colorado River Auth. Rev.: | | | |
0.19% 11/5/12, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 14,750 | | 14,750 |
0.19% 11/13/12, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 42,400 | | 42,400 |
0.2% 10/16/12, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 12,900 | | 12,900 |
North Central Texas Health Facilities Dev. Corp. Bonds Series WF 09 33C, 0.23%, tender 1/24/13 (Liquidity Facility Wells Fargo & Co.) (c)(g)(h) | 7,200 | | 7,200 |
North East Texas Independent School District Bonds Series 2012, 2% 8/1/13 (Permanent School Fund of Texas Guaranteed) | 2,155 | | 2,190 |
North Texas Muni. Wtr. District Upper East Fork Wastewtr. Interceptor Sys. Bonds Series 2012, 2% 6/1/13 (b) | 2,145 | | 2,171 |
North Texas Tollway Auth. Rev. Bonds Series 2009 D: | | | |
0.23% tender 11/7/12, LOC JPMorgan Chase Bank, CP mode | 10,000 | | 10,000 |
0.24% tender 10/30/12, LOC JPMorgan Chase Bank, CP mode | 11,000 | | 11,000 |
San Antonio Elec. & Gas Sys. Rev.: | | | |
Bonds: | | | |
Series 2002, 5.375% 2/1/13 | 7,300 | | 7,457 |
5.25% 2/1/13 | 10,000 | | 10,210 |
Series 2012 A: | | | |
0.22% 10/15/12, CP | 35,800 | | 35,800 |
0.22% 10/17/12, CP | 35,000 | | 35,000 |
San Antonio Wtr. Sys. Rev. Series 2001 A: | | | |
0.2% 10/4/12, CP | 38,500 | | 38,500 |
0.24% 9/5/12, CP | 12,500 | | 12,500 |
0.24% 9/6/12, CP | 69,130 | | 69,130 |
0.27% 10/3/12, CP | 12,800 | | 12,800 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Texas - continued |
San Antonio Wtr. Sys. Rev. Series 2001 A: - continued | | | |
0.27% 10/3/12, CP | $ 1,805 | | $ 1,805 |
Spring Branch Independent School District Bonds Series WF 11 140C, 0.26%, tender 2/14/13 (Liquidity Facility Wells Fargo Bank NA) (c)(g)(h) | 25,500 | | 25,500 |
Tarrant County Cultural Ed. Facilities Fin. Corp. Hosp. Rev. Bonds (Baylor Health Care Sys. Proj.) Series 2011 B, 0.3%, tender 3/29/13 (c) | 6,300 | | 6,300 |
Texas A&M Univ. Rev. Series 1993 B: | | | |
0.17% 11/8/12, CP | 30,600 | | 30,600 |
0.18% 9/18/12, CP | 22,300 | | 22,300 |
0.18% 12/5/12, CP | 52,800 | | 52,800 |
Texas Gen. Oblig.: | | | |
Bonds Series 2010 B. 5% 4/1/13 | 3,600 | | 3,700 |
TRAN 2.5% 8/30/13 | 806,000 | | 824,220 |
Texas Pub. Fin. Auth. Rev. Bonds Series 2010 A, 4% 7/1/13 | 7,220 | | 7,447 |
Texas State Univ. Sys. Fing. Rev. Bonds 5% 3/15/13 | 2,000 | | 2,051 |
Texas Trans. Commission State Hwy. Fund Rev. Bonds Series 2006 A, 5% 4/1/13 | 2,250 | | 2,313 |
Univ. of Texas Board of Regents Sys. Rev. Bonds Series 2004 B, 5.25% 8/15/13 | 8,985 | | 9,416 |
| | 1,720,567 |
Utah - 0.7% |
Intermountain Pwr. Agcy. Pwr. Supply Rev.: | | | |
Series 1997 B: | | | |
0.19% 10/4/12 (Liquidity Facility Bank of Nova Scotia), CP | 17,200 | | 17,200 |
0.2% 12/18/12 (Liquidity Facility JPMorgan Chase Bank), CP | 55,200 | | 55,200 |
Series 1997 B1, 0.19% 12/19/12 (Liquidity Facility Bank of Nova Scotia), CP | 22,900 | | 22,900 |
Series 1998 B4, 0.18% 11/7/12 (Liquidity Facility JPMorgan Chase Bank), CP | 87,300 | | 87,300 |
| | 182,600 |
Vermont - 0.1% |
Vermont Edl. & Health Bldg. Fin. Agcy. Rev. Bonds Series WF 10 27C, 0.28%, tender 1/24/13 (Liquidity Facility Wells Fargo Bank NA) (c)(g)(h) | 25,820 | | 25,820 |
Virginia - 1.2% |
Fairfax County Gen. Oblig. Bonds Series 2012 A, 3% 4/1/13 | 10,880 | | 11,058 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Virginia - continued |
Fairfax County Indl. Dev. Auth. Bonds (Inova Health Sys. Proj.) Series 2012 C, 0.25%, tender 3/29/13 (c) | $ 23,200 | | $ 23,200 |
Halifax County Indl. Dev. Auth. Poll. Cont. Rev. Bonds (Virginia Elec. & Pwr. Co. Proj.) Series 1992, 1.25% tender 9/12/12, CP mode (f) | 18,200 | | 18,200 |
Norfolk Econ. Dev. Auth. Hosp. Facilities Rev. Bonds (Sentara Healthcare Proj.): | | | |
Series 2010 B, 0.29%, tender 3/29/13 (c) | 14,355 | | 14,355 |
Series 2012 A, 0.25%, tender 3/29/13 (c) | 13,300 | | 13,300 |
Norfolk Econ. Dev. Auth. Rev. Series 1997: | | | |
0.18% 11/16/12, CP | 20,500 | | 20,500 |
0.18% 12/6/12, CP | 13,800 | | 13,800 |
Prince William County Indl. Dev. Auth. Poll. Cont. Rev. Bonds (Virginia Elec. & Pwr. Co. Proj.) 1.2% tender 9/12/12, CP mode | 11,200 | | 11,200 |
Univ. of Virginia Gen. Rev.: | | | |
Bonds Series A: | | | |
0.16% tender 10/4/12, CP mode | 20,000 | | 20,000 |
0.17% tender 9/6/12, CP mode | 16,629 | | 16,629 |
0.18% tender 12/6/12, CP mode | 4,000 | | 4,000 |
Series 2003 A: | | | |
0.17% 9/6/12, CP | 18,455 | | 18,455 |
0.18% 10/9/12, CP | 18,100 | | 18,100 |
0.18% 12/5/12, CP | 10,000 | | 10,000 |
0.18% 12/5/12, CP | 3,300 | | 3,300 |
Virginia Beach Gen. Oblig. Bonds Series 2012 A, 5% 4/1/13 | 3,250 | | 3,340 |
Virginia College Bldg. Auth. Edl. Facilities Rev. Bonds: | | | |
(21st Century College and Equip. Prog.) Series 2011 A, 3% 2/1/13 | 7,690 | | 7,779 |
Series 2012 A, 3% 2/1/13 | 18,635 | | 18,853 |
Virginia Commonwealth Trans. Board Bonds: | | | |
Series 2002, 5% 9/27/12 | 1,625 | | 1,631 |
Series 2012 A, 3% 9/15/12 | 6,345 | | 6,352 |
Virginia Commonwealth Trans. Board Rev. Bonds: | | | |
(Route 28 Proj.) Series 2012, 2% 4/1/13 | 5,640 | | 5,699 |
(Trans. Cap. Proj.) 3% 5/15/13 | 14,365 | | 14,647 |
(Transprotation District Prog.) Series 2012 A, 2.5% 5/15/13 | 8,040 | | 8,169 |
Virginia Pub. School Auth. Bonds Series XII, 3% 4/15/13 | 10,385 | | 10,566 |
| | 293,133 |
Washington - 0.3% |
Central Puget Sound Reg'l. Trans. Auth. Sales Tax & Motor Vehicle Excise Tax Rev. Bonds Series 2012 P1, 2% 2/1/13 | 13,115 | | 13,213 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Washington - continued |
Energy Northwest Elec. Rev. Bonds (#1 Proj.): | | | |
Series 2004 A, 5.25% 7/1/13 | $ 2,105 | | $ 2,193 |
Series 2006 A, 5% 7/1/13 | 1,825 | | 1,897 |
King County Swr. Rev. Bonds Series 2012 B, 5% 1/1/13 | 8,000 | | 8,128 |
Port of Seattle Rev. Series 2001 B1, 0.35% 9/6/12, LOC Bank of America NA, CP (f) | 17,655 | | 17,655 |
Seattle Gen. Oblig. Bonds Series 2009, 5% 5/1/13 | 6,540 | | 6,748 |
Seattle Muni. Lt. & Pwr. Rev. Bonds: | | | |
Series 2008, 5% 4/1/13 | 1,400 | | 1,439 |
Series 2010 B, 3% 2/1/13 | 4,350 | | 4,400 |
Washington Gen. Oblig. Bonds: | | | |
Series 2011 A, 5% 1/1/13 | 1,150 | | 1,168 |
Series 2013 A, 4% 7/1/13 | 5,000 | | 5,157 |
Series 2013 B: | | | |
3% 1/1/13 (b) | 2,880 | | 2,906 |
3% 7/1/13 (b) | 4,015 | | 4,106 |
| | 69,010 |
West Virginia - 0.1% |
Grant County Cmnty. Solid Waste Disp. Rev. Bonds (Virginia Elec. & Pwr. Co. Proj.) Series 1996, 0.5% tender 9/7/12, CP mode (f) | 20,000 | | 20,000 |
Grant County Poll. Cont. Rev. Bonds (Virginia Elec. & Pwr. Co. Proj.) Series 1986, 1.25% tender 9/12/12, CP mode (f) | 7,400 | | 7,400 |
| | 27,400 |
Wisconsin - 1.0% |
Madison Gen. Oblig. Bonds Series 2010 E, 4% 10/1/12 | 2,300 | | 2,307 |
Milwaukee Gen. Oblig.: | | | |
Bonds Series 2011 N3, 5% 5/15/13 | 4,300 | | 4,445 |
RAN Series 2012 R1, 1.25% 12/4/12 | 15,300 | | 15,344 |
Wisconsin Gen. Oblig.: | | | |
Bonds: | | | |
Series 1: | | | |
5% 5/1/13 | 2,405 | | 2,482 |
5.5% 5/1/13 | 2,000 | | 2,070 |
Series 2008 C, 4% 5/1/13 | 5,000 | | 5,125 |
Series 2009 C, 3% 5/1/13 | 1,000 | | 1,018 |
Series 2005 A: | | | |
0.18% 12/3/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 15,700 | | 15,700 |
Other Municipal Debt - continued |
| Principal Amount (000s) | | Value (000s) |
Wisconsin - continued |
Wisconsin Gen. Oblig.: - continued | | | |
Series 2005 A: | | | |
0.19% 12/6/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | $ 16,041 | | $ 16,041 |
Series 2006 A: | | | |
0.18% 10/1/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 27,553 | | 27,553 |
0.18% 11/8/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 13,763 | | 13,763 |
0.18% 12/3/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 11,300 | | 11,300 |
0.19% 12/6/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 16,712 | | 16,712 |
Wisconsin Health & Edl. Facilities Auth. Rev. Bonds (Ministry Health Care Proj.) Series 2012 A: | | | |
0.18% tender 12/3/12, LOC U.S. Bank NA, Cincinnati, CP mode | 29,230 | | 29,230 |
0.18% tender 12/3/12, LOC U.S. Bank NA, Cincinnati, CP mode | 15,380 | | 15,380 |
0.19% tender 2/5/13, LOC U.S. Bank NA, Cincinnati, CP mode | 13,750 | | 13,750 |
Wisconsin Trans. Rev.: | | | |
Series 1997: | | | |
0.19% 12/18/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 10,413 | | 10,413 |
0.2% 12/6/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 19,149 | | 19,149 |
Series 2006 A: | | | |
0.18% 11/8/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 7,500 | | 7,500 |
0.2% 12/6/12 (Liquidity Facility State Street Bank & Trust Co., Boston) (Liquidity Facility California Teachers Retirement Sys.), CP | 6,836 | | 6,836 |
| | 236,118 |
TOTAL OTHER MUNICIPAL DEBT | 7,159,515 |
Investment Company - 5.8% |
| Shares | | Value (000s) |
Fidelity Municipal Cash Central Fund, 0.19% (d)(e) | 1,446,340 | | $ 1,446,340 |
TOTAL INVESTMENT PORTFOLIO - 99.8% (Cost $24,649,437) | | 24,649,437 |
NET OTHER ASSETS (LIABILITIES) - 0.2% | | 38,218 |
NET ASSETS - 100% | $ 24,687,655 |
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 available only to other investment companies and accounts managed by Fidelity Management & Research Company (FMR) 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 FMR.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) web site at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC web site 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. In addition, the Fund claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.
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. Temporary book-tax differences 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 Internal Revenue Service (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 tax-based components of distributable earnings as of period end were as follows:
Citibank also has a sub-arrangement with Fidelity Service Company, Inc. (FSC), an affiliate of FMR, under which FSC maintains the Fund's accounting records. The fee is based on the level of average net assets for the month.
FMR 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 FMR at any time. For the period, the amount of the waiver was $59,211.
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 expenses by $10.
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.
To the Trustees of Fidelity Union Street Trust II and the Shareholders of Fidelity Municipal Money Market Fund:
In our opinion, the accompanying statement of assets and liabilities, including the schedule of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Fidelity Municipal Money Market Fund (a fund of Fidelity Union Street Trust II) at August 31, 2012, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Fidelity Municipal Money Market Fund's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at August 31, 2012 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
The Trustees and executive officers of the trust and fund, as applicable, are listed below. The Board of Trustees governs the fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee the fund's activities, review contractual arrangements with companies that provide services to the fund, oversee management of the risks associated with such activities and contractual arrangements, and review the fund's performance. Except for James C. Curvey, each of the Trustees oversees 207 funds advised by FMR or an affiliate. Mr. Curvey oversees 435 funds advised by FMR or an affiliate.
The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) (Independent Trustee), shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. The executive officers hold office without limit in time, except that any officer may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.
In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.
Fidelity funds are overseen by different Boards of Trustees. The fund's Board oversees Fidelity's investment-grade bond, money market, and asset allocation funds and another Board oversees Fidelity's equity and high income funds. The asset allocation funds may invest in Fidelity funds that are overseen by such other Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity funds overseen by each Board.
The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, the fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the fund's activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the fund's business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the fund are carried out by or through FMR, its affiliates and other service providers, the fund's exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the fund's activities, oversight is exercised primarily through the Operations and Audit Committees. In addition, an ad hoc Board committee of Independent Trustees has worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board. The Operations Committee also worked and continues to work with FMR to enhance the stress tests required under SEC regulations for money market funds. Appropriate personnel, including but not limited to the fund's Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the fund's Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of FMR's risk management program for the Fidelity funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Fund's Trustees."
The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.
Correspondence intended for each Trustee who is an interested person may be sent to Fidelity Investments, 82 Devonshire Street, Boston, Massachusetts 02109.
* Trustees have been determined to be "Interested Trustees" by virtue of, among other things, their affiliation with the trust or various entities under common control with FMR.
Correspondence intended for each Independent Trustee (that is, the Trustees other than the Interested Trustees) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Correspondence intended for each executive officer may be sent to Fidelity Investments, 82 Devonshire Street, Boston, Massachusetts 02109.
The fund hereby designates as a capital gain dividend with respect to the taxable year ended August 31, 2012, $469,460 or, if subsequently determined to be different, the net capital gain of such year.
During fiscal year ended 2012, 100% of the fund's income dividends was free from federal income tax, and 36.57% of the fund's income dividends was subject to the federal alternative minimum tax.
The fund will notify shareholders in January 2013 of amounts for use in preparing 2012 income tax returns.
Item 2. Code of Ethics
As of the end of the period, August 31, 2012, Fidelity Union Street Trust II (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
Item 3. Audit Committee Financial Expert
The Board of Trustees of the trust has determined that James H. Keyes is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Mr. Keyes is independent for purposes of Item 3 of Form N-CSR.
Item 4. Principal Accountant Fees and Services
The following table presents fees billed by PricewaterhouseCoopers LLP ("PwC") in each of the last two fiscal years for services rendered to Fidelity AMT Tax-Free Money Fund, Fidelity Arizona Municipal Money Market Fund and Fidelity Municipal Money Market Fund (the "Funds"):
The following table presents fees billed by PwC that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Funds and that are rendered on behalf of Fidelity Management & Research Company ("FMR") and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Funds ("Fund Service Providers"):
"Audit-Related Fees" represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.
"Tax Fees" represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.
"All Other Fees" represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.
Assurance services must be performed by an independent public accountant.
The aggregate non-audit fees billed by PwC for services rendered to the Funds, FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Funds are as follows:
The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by PwC to Fund Service Providers to be compatible with maintaining the independence of PwC in its audit of the Funds, taking into account representations from PwC, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Funds and their related entities and FMR's review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund Service Providers.
The trust's Audit Committee must pre-approve all audit and non-audit services provided by a fund's independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee's consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund ("Covered Service") are subject to approval by the Audit Committee before such service is provided.
All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair's absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.
Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee on a periodic basis.
There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Funds' last two fiscal years relating to services provided to (i) the Funds or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Funds.
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 trust's Board of Trustees.
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the trust's 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.
