Washington, D.C. 20549
Each fund is one of more than 40 offered by one of the nation’s largest mutual fund families, American Funds, from Capital Group. For more than 80 years, Capital has invested with a long-term focus based on thorough research and attention to risk.
Here are the total returns on a $1,000 investment with all distributions reinvested for periods ended December 31, 2013 (the most recent calendar quarter-end) and the total annual fund operating expense ratios as of the prospectus dated October 1, 2013:
For other share class results, visit americanfunds.com.
The five- and 10-year investment results for American Funds Short-Term Tax-Exempt Bond Fund include the fund’s results as a money market fund through the date of its conversion (August 7, 2009) to a short-term tax-exempt bond fund, and therefore are not representative of the fund’s results had it operated as a short-term tax-exempt bond fund for the full term of those periods. Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, investment results reflect fee waivers (and expense reimbursements for American Funds Short-Term Tax-Exempt Bond Fund and American Funds Tax-Exempt Fund of New York), without which results would have been lower. The investment adviser is currently reimbursing a portion of other expenses for American Funds Tax-Exempt Fund of New York. This reimbursement will be in effect through at least September 30, 2014, unless modified or terminated by the fund’s board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. Visit americanfunds.com for more information.
A summary of each fund’s 30-day yield can be found on page 3.
We are pleased to present you with this semi-annual report for six American Funds municipal bond funds: American Funds Short-Term Tax-Exempt Bond Fund, Limited Term Tax-Exempt Bond Fund of America, The Tax-Exempt Bond Fund of America, American High-Income Municipal Bond Fund, The Tax-Exempt Fund of California and American Funds Tax-Exempt Fund of New York. This report covers results from August 1, 2013, through January 31, 2014, the midpoint of the funds’ current fiscal year.
The municipal bond market rebounded during the six-month period, registering strong returns after a broad selloff in the summer.
Against this backdrop, all of the funds advanced. Total returns ranged from 0.89% for American Funds Short-Term Tax-Exempt Bond Fund to 3.70% for The Tax-Exempt Fund of California. (See pages 4 through 10 for detailed results for each fund.)
The period began in the midst of a broad bond market downturn, as investors generally fled municipal bonds along with other fixed-income securities in anticipation of the Federal Reserve reducing its bond purchasing programs. By September, however, a turnaround in the U.S. Treasury market and relatively high yields for many types of municipal bonds helped spark a rally in the municipal market. The Fed delayed its tapering until December, which calmed investors.
Toward the end of the period, equities experienced heightened volatility amid weaker-than-expected economic data and turmoil in emerging markets. Amid these conditions, investors sought the relative safety of municipal securities and other bonds. The Barclays Municipal Bond Index, a broad measure of the investment-grade tax-exempt bond market, recorded a 2.99% gain for the six months. By way of comparison, the Barclays U.S. Aggregate Index, a broad measure of the investment-grade taxable fixed-income market, gained 1.78%. Both indexes are unmanaged and have no expenses.
Furthermore, after strong outflows in municipal bond funds through much of 2013, fund flows generally turned positive in January, which helped bolster the rally.
While Detroit’s bankruptcy and Puerto Rico’s ongoing problems contributed to the relative weakness in the municipal bond market earlier in 2013, investors generally looked beyond such high profile news headlines during the fiscal period. The municipal bond market is vast and diverse, and the challenges faced by Detroit and Puerto Rico have limited bearing on the broader market. In fact, many of the funds had some — albeit modest — exposure to Puerto Rico issuers across a range of sectors, as their bonds offer triple tax-exempt status.
The U.S. economy appears to be gaining strength, and tax receipts for many states and municipalities are improving. With the overall economic picture brightening, the Fed has indicated that it will continue to reduce its bond buying programs. Given these circumstances, we expect rates to rise over time. The
precise timing of any increase, however, is uncertain. We have maintained a cautious approach to the market and believe the funds are well positioned to serve as potentially attractive sources of income regardless of short-term headwinds.
Despite a rash of unsettling news headlines, the municipal bond market delivered solid gains in recent months, and many types of bonds appear to be fairly valued. We are finding investment opportunities in a number of areas that we believe represent compelling valuations both relative to taxable bonds and compared with historic valuations in the municipal bond market.
We maintain our focus on the long term and base each investment decision on in-depth research of individual bond issuers as well as economic and market conditions. We believe the funds’ results in the most recent six- and 12-month periods speak to the strength of this approach in both rising and declining market environments. As always, we are focused on striking a careful balance between risk and potential return in the funds’ holdings.
We are grateful for your continued support, and we look forward to reporting back to you at the end of the fiscal year.
Brenda S. Ellerin
President, American Funds Short-Term
Tax-Exempt Bond Fund and Limited Term
Tax-Exempt Bond Fund of America
Neil L. Langberg
President, The Tax-Exempt Bond Fund
of America and The Tax-Exempt Fund
of California
Karl J. Zeile
President, American High-Income
Municipal Bond Fund and American
Funds Tax-Exempt Fund of New York
Below is a summary of each fund’s 30-day yield and 12-month distribution rate for Class A shares as of February 28, 2014. Both measures reflect the 2.50%/3.75% maximum sales charge. Each fund’s 30-day yield is calculated in accordance with the U.S. Securities and Exchange Commission (SEC) formula. The SEC yield reflects the rate at which each fund is earning income on its current portfolio of securities while the distribution rate reflects the funds’ past dividends paid to shareholders. Accordingly, the funds’ SEC yields and distribution rates may differ. The equivalent taxable yield assumes a 43.4% tax rate.1
The return of principal for bond funds and for funds with significant underlying bond holdings is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings. Bond ratings, which typically range from Aaa/AAA (highest) to D (lowest), are assigned by credit rating agencies such as Moody’s, Standard & Poor’s and/or Fitch as an indication of an issuer’s creditworthiness. Income may be subject to state or local income taxes and/or federal alternative minimum taxes. Also, certain other income (such as distributions from gains on the sale of certain bonds purchased at less than par value, for The Tax-Exempt Bond Fund of America), as well as capital gain distributions, may be taxable. High-yield/lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than investment-grade/higher rated bonds. The Tax-Exempt Fund of California and American Funds Tax-Exempt Fund of New York are more susceptible to factors adversely affecting issuers of each state’s tax-exempt securities than a more widely diversified municipal bond fund. Refer to the fund prospectus and the Risk Factors section of this report for more information on these and other risks associated with investing in the funds.
The fund generated a 0.89% total return for the first half of the fiscal year, outpacing the 0.69% result of the Lipper Short Municipal Debt Funds Average, a peer group measure. By way of comparison, the unmanaged Barclays Municipal Short 1–5 Years Index, which has no expenses, gained 1.24%.
The fund paid monthly dividends totaling about 5 cents a share for the six months. This amounts to a federally tax-exempt income return of 0.50%. This is equivalent to a taxable income return of 0.88% for investors in the 43.4%1 maximum federal tax bracket. A portion of the fund’s return also may be exempt from some state and local taxes.
While results were favorable, the fund’s managers recognize that relative stability is a top priority for most fund investors. In a broadly positive environment, the fund maintained its focus on high-quality issues of shorter duration. At the close of the period, the fund’s largest concentrations included revenue bonds supporting airports (10.0%) and hospital facilities (9.7%). These sectors were among the biggest contributors to total return.
The fund advanced 1.97%, which slightly exceeded the 1.93% total return of the unmanaged Barclays Municipal Short-Intermediate 1–10 Years Index, which has no expenses. However, the fund trailed the 2.33% total return of the Lipper Intermediate Municipal Debt Funds Average, a peer group measure.
The fund paid monthly dividends totaling just over 20 cents a share for the period. Those individuals who reinvested dividends received a federally tax-exempt income return of 1.27%. This is equivalent to a taxable income return of 2.24% for investors in the 43.4%1 maximum federal tax bracket.
The fund focuses primarily on investment-grade bonds (those rated Baa/BBB and above) with maturities ranging from a few years to 10 years. This relatively conservative approach helped the fund provide a measure of relative stability during both the six-month period as well as the past 12 months, a period of high turbulence. (For the 12 months ended January 31, 2014, the fund produced a 0.56% total return, compared with a –0.99% return for the Lipper Intermediate Municipal Debt Funds Average.) The fund’s managers maintained their focus on revenue bonds supporting critical local enterprises, including airports (13.5%), hospital facilities (12.1%) and electric utilities (6.8%).
The fund posted a 3.03% total return during the six-month period, which slightly exceeded both the 2.94% total return of the Lipper General & Insured Municipal Debt Funds Average, a peer group measure, and the 2.99% gain of the unmanaged Barclays Municipal Bond Index, which has no expenses.
During the period, the fund paid monthly dividends totaling about 22 cents a share, amounting to a federally tax-exempt income return of 1.80% for investors who reinvested dividends. This is equivalent to a taxable income return of 3.18% for investors in the 43.4%1 maximum federal tax bracket. The fund does not invest in bonds subject to the Alternative Minimum Tax (AMT).
In the recent volatile climate, the fund’s managers have maintained a fairly conservative approach to the market, focusing on shorter duration securities but also seeking out opportunities for incremental yield through intensive credit research. This approach helped the fund deliver strong relative results during the first half of the fiscal year, when market conditions were generally favorable, and also during the turbulent 12 months ended January 31, 2014 (see results on page 10). The fund’s managers continued to focus chiefly on revenue bonds, an area of the market where we believe credit research is most useful. However, the broadly diversified portfolio also included investments in general obligation bonds issued by states and municipalities.
The fund recorded a total return of 3.22% for the period. This result outpaced the 1.99% return of the Barclays High Yield Municipal Bond Index. The index is unmanaged and has no expenses. The fund’s return also exceeded the 2.39% total return of the Lipper High-Yield Municipal Debt Funds Average, a measure of the fund’s peer group.
Results for longer time frames can be found on page 10. While the fund’s return for the 12 months ended January 31, 2014, was negative, it exceeded returns for both the Barclays High Yield Municipal Bond Index and the Lipper High-Yield Municipal Debt Fund’s Average. We believe the fund’s relative results during the most recent six- and 12-month periods reflect the strength of the fund’s approach, which is driven by strong fundamental credit research.
For the period, the fund paid monthly dividends totaling about 34 cents a share, amounting to a federally tax-exempt income return of 2.35% for investors who reinvested dividends. This is equivalent to a taxable income return of 4.15% for investors in the 43.4%1 maximum federal tax bracket. A portion of the fund’s return also may be exempt from some state and local taxes.
The fund’s strong return was supported by positive contributions from a broad spectrum of bonds representing a variety of sectors and geographies. Select holdings of tax assessment bonds and bonds backing senior living facilities produced some of the strongest gains. Although lower rated, higher yielding bonds generally trailed the broader market during the six months, the fund exceeded the 2.99% gain of the unmanaged Barclays Municipal Bond Index, a measure of the investment-grade market.
The fund generated a 3.70% gain, a result that was in line with the 3.71% average total return of the fund’s peers, as measured by the Lipper California Municipal Debt Funds Average. However, the fund trailed the 4.22% advance of the unmanaged Barclays California Municipal Index, which has no expenses.
For the period, the fund paid monthly dividends totaling about 32 cents a share. Those investors who reinvested dividends received an income return of 1.93%. This is equivalent to a taxable income return of 3.93% for investors in the 50.93% effective combined federal and California tax bracket.
California’s fiscal condition and the state economy continue to recover. State tax revenues have risen more than expected, and the state has projected a surplus for the 2014-2015 budget. These improving conditions and relatively light issuance in the state served as tailwinds for municipal bond investors during the period.
Holdings of tax assessment bonds and bonds backing hospital facilities, which were among the fund’s heaviest concentrations during the period, produced some of the strongest gains. With the triple-tax exempt status they offer to investors, the fund had a small concentration of holdings issued by Puerto Rico issuers (1.50%). These holdings detracted from the fund’s overall positive result during the period.
Find your estimated 2013 taxable income below to determine your combined federal and California tax rate,* then look in the right-hand column to see what you would have had to earn from a taxable investment to equal the fund’s 3.62% tax-exempt distribution rate† at January 31, 2014.
The fund’s 2.26% total return for the period exceeded the 2.14% gain of the Lipper New York Municipal Debt Funds Average, a measure of its peer group. However, the fund trailed the unmanaged Barclays New York Municipal Index, which advanced 3.29% and has no expenses. As you can see in the table on page 10, the fund has outpaced its benchmarks over its lifetime.
The fund paid monthly dividends totaling about 16 cents a share for the six months. This represents an income return of 1.55% for those who reinvested dividends. For investors in the 50.59%1 combined effective federal, New York state and New York City tax bracket, this is equivalent to a taxable income return of 3.14%.
Revenue bonds supporting essential local projects — such as higher education facilities and hospitals — continue to be a key focus for the fund, as they represent an area of the market where our investment professionals believe extensive credit research can add value. Holdings representing a broad spectrum of sectors, duration and credit quality bolstered the fund’s overall return. A modest exposure to bonds of Puerto Rico issuers detracted from the fund’s results.
Find your estimated 2013 taxable income below to determine your combined federal and New York state tax rate,1,2 then look in the right-hand column to see what you would have had to earn from a taxable investment to equal the fund’s 2.92% tax-exempt distribution rate3 at January 31, 2014.
This summary investment portfolio is designed to streamline the report and help investors better focus on the fund’s principal holdings. See the inside back cover for details on how to obtain a complete schedule of portfolio holdings.
“Other securities” includes all issues that are not disclosed separately in the summary investment portfolio.
Agcy. = Agency
Auth. = Authority
Certs. of Part. = Certificates of Participation
Dept. = Department
Dev. = Development
Dist. = District
Econ. = Economic
Fac. = Facility
Facs. = Facilities
Fin. = Finance
Fncg. = Financing
G.O. = General Obligation
Preref. = Prerefunded
Redev. = Redevelopment
Ref. = Refunding
Rev. = Revenue
This summary investment portfolio is designed to streamline the report and help investors better focus on the fund’s principal holdings. See the inside back cover for details on how to obtain a complete schedule of portfolio holdings.
“Other securities” includes all issues that are not disclosed separately in the summary investment portfolio.
Agcy. = Agency
Auth. = Authority
Certs. of Part.= Certificates of Participation
Dept. = Department
Dev. = Development
Dist. = District
Econ. = Economic
Fac. = Facility
Facs. = Facilities
Fin. = Finance
Fncg. = Financing
G.O. = General Obligation
Preref. = Prerefunded
Redev. = Redevelopment
Ref. = Refunding
Rev. = Revenue
This summary investment portfolio is designed to streamline the report and help investors better focus on the fund’s principal holdings. See the inside back cover for details on how to obtain a complete schedule of portfolio holdings.
“Other securities” includes all issues that are not disclosed separately in the summary investment portfolio.
Agcy. = Agency
Auth. = Authority
Certs. of Part. = Certificates of Participation
Dept. = Department
Dev. = Development
Dist. = District
Econ. = Economic
Fac. = Facility
Facs. = Facilities
Fin. = Finance
Fncg. = Financing
G.O. = General Obligation
Preref. = Prerefunded
Redev. = Redevelopment
Ref. = Refunding
Rev. = Revenue
This summary investment portfolio is designed to streamline the report and help investors better focus on the fund’s principal holdings. See the inside back cover for details on how to obtain a complete schedule of portfolio holdings.
As permitted by U.S. Securities and Exchange Commission regulations, “Miscellaneous” securities include holdings in their first year of acquisition that have not previously been publicly disclosed. One of these securities was valued under fair value procedures adopted by authority of the board of trustees. The total value of the security which was valued under fair value procedures was $1,258,000, which represented .05% of the net assets of the fund.
“Other securities” includes all issues that are not disclosed separately in the summary investment portfolio.
Agcy. = Agency
Auth. = Authority
Certs. of Part. = Certificates of Participation
Dept. = Department
Dev. = Development
Dist. = District
Econ. = Economic
Fac. = Facility
Facs. = Facilities
Fin. = Finance
Fncg. = Financing
G.O. = General Obligation
Preref. = Prerefunded
Redev. = Redevelopment
Ref. = Refunding
Rev. = Revenue
This summary investment portfolio is designed to streamline the report and help investors better focus on the fund’s principal holdings. See the inside back cover for details on how to obtain a complete schedule of portfolio holdings.
“Other securities” includes all issues that are not disclosed separately in the summary investment portfolio.
Agcy. = Agency
Auth. = Authority
Certs. of Part. = Certificates of Participation
Dept. = Department
Dev. = Development
Dist. = District
Econ. = Economic
Fac. = Facility
Facs. = Facilities
Fin. = Finance
Fncg. = Financing
G.O. = General Obligation
Preref. = Prerefunded
Redev. = Redevelopment
Ref. = Refunding
Rev. = Revenue
Agcy. = Agency
Auth. = Authority
Certs. of Part. = Certificates of Participation
Dept. = Department
Dev. = Development
Dist. = District
Econ. = Economic
Fac. = Facility
Facs. = Facilities
Fin. = Finance
Fncg. = Financing
G.O. = General Obligation
Preref. = Prerefunded
Redev. = Redevelopment
Ref. = Refunding
Rev. = Revenue
American Funds Short-Term Tax-Exempt Bond Fund, Limited Term Tax-Exempt Bond Fund of America, The Tax-Exempt Bond Fund of America, American High-Income Municipal Bond Fund, The Tax-Exempt Fund of California, which is presently the only series of The American Funds Tax-Exempt Series II, and American Funds Tax-Exempt Fund of New York (each a “fund” or collectively, the “funds”), are registered under the Investment Company Act of 1940 as open-end, diversified management investment companies.
Each fund’s investment objectives and the principal strategies each fund uses to achieve these objectives are as follows:
American Funds Short-Term Tax-Exempt Bond Fund has three share classes (Class A, as well as two F share classes, F-1 and F-2). Limited Term Tax-Exempt Bond Fund of America, The Tax-Exempt Bond Fund of America and American High-Income Municipal Bond Fund each have six share classes consisting of five retail share classes (Classes A, B and C, as well as two F share classes, F-1 and F-2) and one share class that is only available to the American Funds Portfolio Series (Class R-6). The Tax-Exempt Fund of California and American Funds Tax-Exempt Fund of New York each have five retail share classes (Classes A, B and C, as well as two F share classes, F-1 and F-2). Some share classes are only available to limited categories of investors. The funds’ share classes are further described:
Holders of all share classes of each fund have equal pro rata rights to the assets, dividends and liquidation proceeds of each fund held. Each share class of each fund has identical voting rights, except for the exclusive right to vote on matters affecting only its class. Share classes have different fees and expenses (“class-specific fees and expenses”), primarily due to different arrangements for distribution, administrative and shareholder services. Differences in class-specific fees and expenses will result in differences in net investment income and, therefore, the payment of different per-share dividends by each share class of each fund.
Each fund’s financial statements have been prepared to comply with accounting principles generally accepted in the United States of America. These principles require management to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates. The funds follow the significant accounting policies described below, as well as the valuation policies described in the next section on valuation.
Capital Research and Management Company (“CRMC”), the funds’ investment adviser, values each fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value of each share class of each fund is generally determined as of approximately 4:00 p.m. New York time each day the New York Stock Exchange is open.
Fixed-income securities, including short-term securities purchased with more than 60 days left to maturity, are generally valued at prices obtained from one or more pricing vendors. Vendors value such securities based on one or more of the following inputs: benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data. For certain distressed securities, valuations may include cash flows or liquidation values using a net present value calculation based on inputs that include, but are not limited to, financial statements and debt contracts.
When the funds’ investment adviser deems it appropriate to do so (such as when vendor prices are unavailable or not deemed to be representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type. Some securities may be valued based on their effective maturity or average life, which may be shorter than the stated maturity.
Short-term securities purchased within 60 days to maturity are valued at amortized cost, which approximates fair value. The value of short-term securities originally purchased with maturities greater than 60 days is determined based on an amortized value to par when they reach 60 days.
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the funds’ investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by authority of each fund’s board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; conversion or exchange
rights on the security; related corporate actions; significant events occurring after the close of trading in the security; and changes in overall market conditions. Fair valuations and valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.
The funds’ investment adviser has also established a Fixed-Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews, including an annual control self-evaluation program facilitated by the investment adviser’s compliance group.
Investing in each fund may involve certain risks including, but not limited to, those described below.
Bonds and other debt securities are subject to credit risk, which is the possibility that the credit strength of an issuer will weaken and/or an issuer of a debt security will fail to make timely payments of principal or interest and the security will go into default. Credit risk is broadly gauged by the credit ratings of the securities in which a fund invests. However, ratings are only the opinions of the rating agencies issuing them and are not guarantees as to credit quality or an evaluation of market risk. The funds’ investment adviser relies on its own credit analysts to research issuers and issues in seeking to mitigate the risks of an issuer defaulting on its obligations.
This could cause the funds to lose value or their investment results to lag relevant benchmarks or other funds with similar objectives.
As of and during the period ended January 31, 2014, none of the funds had a liability for any unrecognized tax benefits. The funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense in their respective statement of operations. During the period, none of the funds incurred any significant interest or penalties.
The funds are not subject to examination by U.S. federal tax authorities or state tax authorities for tax years before the dates shown in the following table:
*The year the fund commenced operations.
As indicated in the following tables, some of the funds had capital loss carryforwards available at July 31, 2013. These will be used to offset any capital gains realized by these funds in future years through the expiration dates. Funds with a capital loss carryforward will not make distributions from capital gains while a capital loss carryforward remains.
Under the Regulated Investment Company Modernization Act of 2010 (the “Act”), net capital losses recognized after July 31, 2011, (August 31, 2011, for The Tax-Exempt Bond Fund of America and The Tax-Exempt Fund of California) may be carried forward indefinitely, and their character is retained as short-term and/or long-term losses. Previously, net capital losses were carried forward for eight years and treated as short-term losses. As a transition rule, the Act requires that post-enactment net capital losses be used before pre-enactment net capital losses.
The components of distributable earnings on a tax basis are reported as of July 31, 2013, the funds’ most recent year-end. Tax basis unrealized appreciation (depreciation) and cost of investment securities are reported as of January 31, 2014.
Additional tax basis disclosures for each fund are as follows (dollars in thousands):
*This deferral is considered incurred in the subsequent year.
The tax character of distributions paid or accrued to shareholders of each fund was as follows (dollars in thousands):
*In 2013,the fund changed its fiscal year-end from August to July.
CRMC, the funds’ investment adviser, is the parent company of American Funds Distributors,® Inc. (“AFD”), the principal underwriter of the funds’ shares, and American Funds Service Company® (“AFS”), the funds’ transfer agent. CRMC, AFD and AFS are considered related parties to each fund.
The ranges of rates, net asset levels, gross income levels and annualized rates of average net assets for each fund are as follows:
CRMC has agreed to reimburse a portion of the fees and expenses of American Funds Tax-Exempt Fund of New York during its startup period.This reimbursement may be adjusted or discontinued by CRMC, subject to any restrictions in the fund’s prospectus.For the six months ended January 31, 2014, total fees and expenses reimbursed by CRMC were $60,000. Fees and expenses in the statement of operations are presented gross of any reimbursements from CRMC.
For Class A shares, distribution-related expenses include the reimbursement of dealer and wholesaler commissions paid by AFD for certain shares sold without a sales charge. This share class of each fund reimburses AFD for amounts billed within the prior 15 months but only to the extent that the overall annual expense limit is not exceeded. As of January 31, 2014, unreimbursed expenses subject to reimbursement for Class A shares of each fund were as follows (dollars in thousands):
For the six months ended January 31, 2014, class-specific expenses under the agreements for each fund were as follows (dollars in thousands):
See end of class-specific expenses tables for footnote.
*Amount less than one thousand.
*Amount less than one thousand.
Capital share transactions in the funds were as follows (dollars and shares in thousands):
See end of capital share transactions tables for footnotes.
Each fund made purchases and sales of investment securities, excluding short-term securities and U.S. government obligations, if any, during the six months ended January 31, 2014, as follows (dollars in thousands):
At January 31, 2014, CRMC held aggregate ownership of 32% of the outstanding shares of American Funds Tax-Exempt Fund of New York. The ownership represents the seed money invested in the fund when it began operations on November 1, 2010.
As a fund shareholder, you incur two types of costs: (1) transaction costs, such as initial sales charges on purchase payments and contingent deferred sales charges on redemptions (loads), and (2) ongoing costs, including management fees, distribution and service (12b-1) fees, and other expenses. The examples shown on the following pages are intended to help shareholders understand the ongoing costs (in dollars) of investing in the funds so they can compare these costs with the ongoing costs of investing in other mutual funds. The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire six-month period (August 1, 2013, through January 31, 2014).
The first line of each share class of each fund in the tables on the following pages 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 (for example, an $8,600 account value divided by $1,000 = 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.
The second line of each share class of each fund in the tables on the following pages provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio for the share class and an assumed rate of return of 5.00% per year before expenses, which is not the actual return of the share class. 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 5.00% hypothetical example with the 5.00% hypothetical examples that appear in the shareholder reports of the other funds.
There are some account fees that are charged to certain types of accounts, such as individual retirement accounts (generally, a $10 fee is charged to set up the account and an additional $10 fee is charged to the account annually), that would increase the amount of expenses paid on your account. In addition, Class F-1 and F-2 shareholders may be subject to fees charged by financial intermediaries, typically ranging from
0.75% to 1.50% of assets annually depending on services offered. You can estimate the impact of these fees by adding the amount of the fees to the total estimated expenses you paid on your account during the period as calculated above. In addition, your ending account value would be lower by the amount of these fees.
Note that the expenses shown in the tables on the following pages are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads), if any. Therefore, the second line of each share class in the tables 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.
See end of expense examples tables for footnote.
This page was intentionally left blank.
P.O. Box 6007
P.O. Box 2280
American Funds Distributors, Inc.
“American Funds Proxy Voting Procedures and Principles” — which describes how we vote proxies relating to portfolio securities — is available on the American Funds website or upon request by calling AFS. Each fund files its proxy voting record with the U.S. Securities and Exchange Commission (SEC) for the 12 months ended June 30 by August 31. The proxy voting record is available free of charge on the SEC website at sec.gov and on the American Funds website.
Complete January 31, 2014, portfolios of American Funds Short-Term Tax-Exempt Bond Fund, Limited Term Tax-Exempt Bond Fund of America, The Tax-Exempt Bond Fund of America, American High-Income Municipal Bond Fund and The Tax-Exempt Fund of California’s investments are available free of charge by calling AFS or visiting the SEC website (where they are part of Form N-CSR).
American Funds Short-Term Tax-Exempt Bond Fund, Limited Term Tax-Exempt Bond Fund of America, The Tax-Exempt Bond Fund of America, American High-Income Municipal Bond Fund, The Tax-Exempt Fund of California and American Funds Tax-Exempt Fund of New York file a complete list of their portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. This filing is available free of charge on the SEC website. You may also review or, for a fee, copy this filing at the SEC’s Public Reference Room in Washington, D.C. Additional information regarding the operation of the Public Reference Room may be obtained by calling the SEC’s Office of Investor Education and Advocacy at (800) SEC-0330. Additionally, the list of portfolio holdings is available by calling AFS.
This report is for the information of shareholders of American Funds Short-Term Tax-Exempt Bond Fund, Limited Term Tax-Exempt Bond Fund of America, The Tax-Exempt Bond Fund of America, American High-Income Municipal Bond Fund, The Tax-Exempt Fund of California and American Funds Tax-Exempt Fund of New York, but it also may be used as sales literature when preceded or accompanied by the current prospectus or summary prospectus, which gives details about charges, expenses, investment objectives and operating policies of the funds. If used as sales material after March 31, 2014, this report must be accompanied by an American Funds statistical update for the most recently completed calendar quarter.
We base our decisions on a long-term perspective, which we believe aligns our goals with the interests of our clients. Our portfolio managers average 25 years of investment experience, including 21 years at our company,reflecting a career commitment to our long-term approach.1
Our investment process, The Capital System, combines individual accountability with teamwork. Each fund is divided into portions that are managed independently by investment professionals with diverse backgrounds, ages and investment approaches. An extensive global research effort is the backbone of our system.
Our equity funds have beaten their Lipper peer indexes in 90% of 10-year periods and 96% of 20-year periods. Our fixed-income funds have beaten their Lipper indexes in 56% of 10-year periods and 57% of 20-year periods.2 Our fund management fees have been among the lowest in the industry.3
Not applicable for filing of semi-annual reports to shareholders.
Not applicable for filing of semi-annual reports to shareholders.
Not applicable for filing of semi-annual reports to shareholders.
Not applicable to this Registrant, insofar as the Registrant is not a listed issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934.
| Bonds, notes & other debt instruments 94.24% | | |
| | Principal amount | Value |
| Alabama 1.20% | (000) | (000) |
| | | |
| 21st Century Auth., Tobacco Settlement Rev. Ref. Bonds, Series 2012-A, 5.00% 2020 | $2,500 | $ 2,856 |
| Federal Aid Highway Fin. Auth., Federal Highway Grant Anticipation Bonds, Series 2012, 5.00% 2018 | 1,000 | 1,165 |
| Federal Aid Highway Fin. Auth., Federal Highway Grant Anticipation Bonds, Series 2012, 5.00% 2020 | 5,000 | 5,881 |
| Federal Aid Highway Fin. Auth., Federal Highway Grant Anticipation Bonds, Series 2012, 5.00% 2022 | 8,385 | 9,775 |
| Federal Aid Highway Fin. Auth., Federal Highway Grant Anticipation Bonds, Series 2012, 5.00% 2023 | 2,500 | 2,873 |
| City of Mobile Industrial Dev. Board, Pollution Control Rev. Bonds (Alabama Power Co. Barry Plant Project), | | |
| Series 2007-C, 5.00% 2034 (put 2015) | 7,000 | 7,332 |
| Special Care Facs. Fncg. Auth. of the City of Pell City, Rev. Ref. Bonds (Noland Health Services, Inc.), | | |
| Series 2012-A, 5.00% 2020 | 1,140 | 1,309 |
| Board of Trustees of the University of Alabama, Birmingham Hospital Rev. Ref. Bonds, Series 2006-A, 5.00% 2015 | 500 | 536 |
| Board of Trustees of the University of Alabama, Birmingham Hospital Rev. Ref. Bonds, Series 2008-A, 5.25% 2017 | 1,160 | 1,332 |
| Board of Trustees of the University of Alabama, General Rev. Ref. Bonds, Series 2012-A, 5.00% 2020 | 2,500 | 2,986 |
| | | 36,045 |
| Alaska 0.04% | | |
| | | |
| Student Loan Corp., Education Loan Rev. Bonds, Series 2006-A-2, AMT, 5.00% 2016 | 1,000 | 1,092 |
| | | |
| Arizona 2.36% | | |
| | | |
| Health Facs. Auth., Rev. Ref. Bonds (Phoenix Children's Hospital), Series 2013-A-1, 1.89% 2048 (put 2020)1 | 4,000 | 3,931 |
| City of Glendale, Water and Sewer Rev. Ref. Obligations, Series 2012, 5.00% 2020 | 1,550 | 1,827 |
| City of Glendale, Water and Sewer Rev. Ref. Obligations, Series 2012, 5.00% 2021 | 1,000 | 1,174 |
| Industrial Dev. Auth. of the City of Glendale, Rev. Ref. Bonds (Midwestern University), Series 2007, 5.25% 2018 | 1,135 | 1,278 |
| Health Facs. Auth., Rev. Bonds (Banner Health), Series 2007-A, 5.00% 2017 | 3,000 | 3,382 |
| Health Facs. Auth., Rev. Ref. Bonds (Banner Health), Series 2007-A, 5.00% 2016 | 1,900 | 2,064 |
| Health Facs. Auth., Rev. Ref. Bonds (Banner Health), Series 2007-A, 5.00% 2018 | 500 | 573 |
| Industrial Dev. Auth. of the County of Maricopa, Health Fac. Rev. Ref. Bonds (Catholic Healthcare West), | | |
| Series 2007-A, 4.125% 2015 | 1,000 | 1,052 |
| Industrial Dev. Auth. of the County of Maricopa, Health Fac. Rev. Ref. Bonds (Catholic Healthcare West), | | |
| Series 2007-A, 5.00% 2016 | 2,000 | 2,204 |
| Industrial Dev. Auth. of the County of Maricopa, Health Fac. Rev. Ref. Bonds (Catholic Healthcare West), | | |
| Series 2009-A, 5.00% 2016 | 2,400 | 2,645 |
| Industrial Dev. Auth. of the County of Maricopa, Health Fac. Rev. Ref. Bonds (Catholic Healthcare West), | | |
| Series 2009-C, 5.00% 2038 (put 2014) | 8,500 | 8,667 |
| Maricopa County Community College Dist., G.O. Bonds (Project of 2004), Series 2009-C, 5.00% 2018 | 3,500 | 4,099 |
| City of Phoenix Civic Improvement Corp., Airport Rev. Bonds, Series 2010-A, 5.00% 2019 | 1,000 | 1,177 |
| City of Phoenix Civic Improvement Corp., Airport Rev. Ref. Bonds, Series 2008-D, AMT, 5.25% 2017 | 2,000 | 2,287 |
| City of Phoenix Civic Improvement Corp., Airport Rev. Ref. Bonds, Series 2008-D, AMT, 5.25% 2018 | 1,000 | 1,158 |
| City of Phoenix Civic Improvement Corp., Wastewater System Rev. Ref. Bonds, Series 2008, 5.50% 2018 | 1,000 | 1,193 |
| City of Phoenix Civic Improvement Corp., Water System Rev. Bonds, Series 2009-A, 5.00% 2018 | 2,300 | 2,697 |
| Industrial Dev. Auth. of the City of Phoenix and the County of Pima, Single-family Mortgage Rev. Bonds, | | |
| Series 2006-3A, AMT, 5.25% 2038 | 66 | 68 |
| Industrial Dev. Authorities of the City of Phoenix and the County of Maricopa, Single-family Mortgage Rev. | | |
| Bonds, Series 2007-A-2, AMT, 5.80% 2040 | 120 | 124 |
| Pima County, Sewer System Rev. Obligations, Series 2012-A, 5.00% 2021 | 400 | 476 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Arizona (continued) | (000) | (000) |
| | | |
| Pima County, Sewer System Rev. Obligations, Series 2012-A, 5.00% 2022 | $ 800 | $ 948 |
| Town of Queen Creek, Improvement Dist. No. 001, Improvement Bonds, 5.00% 2015 | 1,250 | 1,262 |
| School Facs. Board, Certs. of Part., Series 2008, 5.50% 2016 | 1,500 | 1,687 |
| School Facs. Board, Certs. of Part., Series 2008, 5.50% 2017 | 3,000 | 3,479 |
| School Facs. Board, Ref. Certs. of Part., Series 2005-A-1, FGIC-National insured, 5.00% 2015 | 5,000 | 5,365 |
| School Facs. Board, State School Improvement Rev. Ref. Bonds, Series 2005, 5.00% 2015 | 2,000 | 2,089 |
| School Facs. Board, State School Trust Rev. Ref. Bonds, Series 2007, AMBAC insured, 5.00% 2017 | 2,000 | 2,223 |
| State Lottery Rev. Bonds, Series 2010-A, Assured Guaranty Municipal insured, 5.00% 2019 | 3,770 | 4,412 |
| Transportation Board Highway Rev. Ref. Bonds, Series 2011-A, 5.00% 2020 | 3,270 | 3,906 |
| Board of Regents, Ref. Certs. of Part. (University of Arizona Projects), Series 2012-C, 5.00% 2020 | 3,180 | 3,699 |
| | | 71,146 |
| California 12.52% | | |
| | | |
| Alameda Corridor Transportation Auth., Rev. Ref. Bonds, Series 2013-A, 5.00% 2021 | 1,750 | 2,054 |
| Assn. of Bay Area Governments, Fin. Auth. for Nonprofit Corps., Insured Rev. Ref. Bonds (Channing House), | | |
| Series 2010, 4.00% 2016 | 1,500 | 1,504 |
| Assn. of Bay Area Governments, Fin. Auth. for Nonprofit Corps., Rev. Ref. Bonds (Sharp HealthCare), | | |
| Series 2012-A, 4.00% 2021 | 935 | 1,023 |
| Assn. of Bay Area Governments, Fin. Auth. for Nonprofit Corps., Rev. Ref. Bonds (Sharp HealthCare), | | |
| Series 2012-A, 5.00% 2019 | 980 | 1,162 |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Ref. Bonds, Series 2006-C-1, 0.94% 2045 (put 2023)1 | 10,000 | 9,883 |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Ref. Bonds, Series 2007-C-1, 0.94% 2047 (put 2023)1 | 3,500 | 3,459 |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Ref. Bonds, Series 2007-E-3, 0.74% 2047 (put 2019)1 | 1,000 | 990 |
| Successor Agcy. to the Brea Redev. Agcy. (Redev. Project AB), 2013 Tax Allocation Ref. Bonds, 5.00% 2021 | 725 | 849 |
| City of Cathedral City, Cove Improvement Dist. No. 2004-02, Limited Obligation Improvement Bonds, 4.40% 2014 | 695 | 704 |
| Central Valley Fncg. Auth., Cogeneration Project Rev. Ref. Bonds (Carson Ice-Gen Project), | | |
| Series 2009, 5.00% 2016 | 800 | 886 |
| Central Valley Fncg. Auth., Cogeneration Project Rev. Ref. Bonds (Carson Ice-Gen Project), | | |
| Series 2009, 5.00% 2017 | 1,130 | 1,289 |
| Sacramento Cogeneration Auth., Cogeneration Project Rev. Ref. Bonds (Procter & Gamble Project), | | |
| Series 2009, 5.00% 2016 | 1,000 | 1,107 |
| Sacramento Cogeneration Auth., Cogeneration Project Rev. Ref. Bonds (Procter & Gamble Project), | | |
| Series 2009, 5.00% 2017 | 1,000 | 1,140 |
| Sacramento Municipal Utility Dist., Electric Rev. Bonds, Series 1997-K, AMBAC insured, 5.75% 2018 | 5,170 | 6,232 |
| Sacramento Municipal Utility Dist., Electric Rev. Bonds, Series 1997-K, AMBAC insured, 5.80% 2019 | 3,000 | 3,698 |
| Cerritos Public Fin. Auth., Tax Allocation Rev. Bonds (Cerritos Redev. Projects), | | |
| Series 2002-A, AMBAC insured, 5.00% 2021 | 1,000 | 1,068 |
| Cerritos Public Fncg. Auth., 2002 Tax Allocation Rev. Bonds (Cerritos Redev. Projects), | | |
| Series A, AMBAC insured, 5.00% 2019 | 1,570 | 1,732 |
| Econ. Recovery Bonds, Ref. Series 2009-A, 5.00% 2019 | 3,000 | 3,587 |
| Econ. Recovery Bonds, Ref. Series 2009-A, 5.00% 2020 | 9,000 | 10,666 |
| Econ. Recovery Bonds, Ref. Series 2009-B, 5.00% 2023 (put 2014) | 11,250 | 11,475 |
| Educational Facs. Auth., Rev. Ref. Bonds (Chapman University), Series 2011, 5.00% 2020 | 1,640 | 1,915 |
| G.O. Bonds, Series 2013-C, 0.59% 2028 (put 2016)1 | 5,000 | 5,003 |
| Various Purpose G.O. Ref. Bonds, 5.00% 2020 | 5,000 | 5,954 |
| Various Purpose G.O. Ref. Bonds, 5.00% 2021 | 5,000 | 5,975 |
| Various Purpose G.O. Ref. Bonds, 5.00% 2023 | 6,500 | 7,616 |
| Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-backed Bonds, | | |
| Series 2013-A, 5.00% 2020 | 6,100 | 7,034 |
| Health Facs. Fncg. Auth., Insured Rev. Ref. Bonds (NCROC - Paradise Valley Estates Project), | | |
| Series 2013, 5.00% 2023 | 550 | 620 |
| Health Facs. Fncg. Auth., Rev. Bonds (Catholic Healthcare West), Series 2008-I, 5.125% 2022 | 705 | 748 |
| Health Facs. Fncg. Auth., Rev. Bonds (Catholic Healthcare West), Series 2008-K, 5.125% 2022 | 665 | 706 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| California (continued) | (000) | (000) |
| | | |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (Catholic Healthcare West), Series 2004-I, 4.95% 2026 (put 2014) | $1,000 | $1,019 |
| Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2011-D, 5.00% 2019 | 750 | 895 |
| Statewide Communities Dev. Auth., Rev. Bonds (Sutter Health), Series 2011-A, 5.00% 2019 | 1,100 | 1,312 |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (Providence Health & Services), Series 2008-C, 5.25% 2016 | 500 | 562 |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (Providence Health & Services), Series 2008-C, 5.50% 2017 | 500 | 585 |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (Providence Health & Services), Series 2008-C, 6.00% 2018 | 600 | 731 |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (St. Joseph Health System), Series 2009-B, 5.00% 2015 | 4,260 | 4,545 |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (St. Joseph Health System), Series 2009-D, 5.00% 2034 (put 2016) | 7,500 | 8,378 |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (St. Joseph Health System), Series 2013-D, 5.00% 2043 (put 2020) | 1,200 | 1,395 |
| Independent Cities Lease Fin. Auth., Mobile Home Park Rev. Bonds (San Juan Mobile Estates), | | |
| Series 2006-A, 5.00% 2016 | 1,255 | 1,346 |
| Infrastructure and Econ. Dev. Bank, Rev. Ref. Bonds (J. Paul Getty Trust), Series 2011-A-1, 0.54% 2038 (put 2014)1 | 5,000 | 5,003 |
| Infrastructure and Econ. Dev. Bank, Rev. Ref. Bonds (J. Paul Getty Trust), Series 2013-A-1, 0.32% 2047 (put 2016)1 | 3,500 | 3,499 |
| Infrastructure and Econ. Dev. Bank, Rev. Ref. Bonds (J. Paul Getty Trust), Series 2013-A-2, 0.32% 2047 (put 2016)1 | 3,500 | 3,499 |
| Irvine Public Facs. and Infrastructure Auth., Assessment Rev. Bonds, Series 2012-A, 4.00% 2020 | 2,345 | 2,417 |
| Jurupa Public Fncg. Auth., Special Tax Rev. Bonds, Series 2013-A, 5.00% 2021 | 750 | 853 |
| Jurupa Public Fncg. Auth., Special Tax Rev. Bonds, Series 2013-A, 5.00% 2022 | 1,000 | 1,135 |
| Successor Agcy. to the La Quinta Redev. Agcy., Tax Allocation Ref. Bonds (La Quinta Redev. Project Areas | | |
| No. 1 and 2), Series 2013-A, 5.00% 2023 | 590 | 665 |
| Lee Lake Public Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2013-A, 5.00% 2019 | 1,805 | 2,064 |
| Lee Lake Public Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2013-A, 5.00% 2020 | 890 | 1,016 |
| Lee Lake Public Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2013-A, 5.00% 2022 | 1,090 | 1,237 |
| City of Long Beach, Harbor Rev. Ref. Bonds, Series 1998-A, AMT, FGIC-National insured, 6.00% 2016 | 8,430 | 9,460 |
| City of Long Beach, Harbor Rev. Ref. Bonds, Series 1998-A, AMT, FGIC-National insured, 6.00% 2019 | 3,500 | 4,287 |
| City of Long Beach, Harbor Rev. Ref. Bonds, Series 2005-A, AMT, National insured, 5.00% 2022 | 1,300 | 1,369 |
| City of Los Angeles Harbor Dept., Rev. Ref. Bonds, Series 2006-D, AMT, National insured, 5.00% 2020 | 3,100 | 3,204 |
| City of Los Angeles Harbor Dept., Rev. Ref. Bonds, Series 2011-A, AMT, 5.00% 2019 | 1,500 | 1,764 |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Ref. Bonds, Series 2011-A, 5.00% 2018 | 770 | 910 |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Ref. Bonds, Series 2011-A, 5.00% 2019 | 2,000 | 2,405 |
| City of Los Angeles, Wastewater System Rev. Ref. Bonds, Series 2002-A, FGIC-National insured, 6.00% 2021 | 3,000 | 3,817 |
| City of Los Angeles, Wastewater System Rev. Ref. Bonds, Series 2009-A, 5.00% 2018 | 2,500 | 2,935 |
| Los Angeles Convention and Exhibition Center Auth., Lease Rev. Ref. Bonds, Series 2008-A, 5.00% 2016 | 1,570 | 1,741 |
| Los Angeles County Metropolitan Transportation Auth., Proposition C, Sales Tax Rev. Ref. Bonds, | | |
| Series 2009-B, 5.00% 2017 | 2,500 | 2,881 |
| Los Angeles County Metropolitan Transportation Auth., Proposition C, Sales Tax Rev. Ref. Bonds, | | |
| Series 2012-B, 5.00% 2020 | 3,140 | 3,786 |
| Los Angeles County Metropolitan Transportation Auth., Proposition C, Sales Tax Rev. Ref. Bonds, | | |
| Series 2012-B, 5.00% 2021 | 6,230 | 7,505 |
| Los Angeles Unified School Dist. (County of Los Angeles), Election of 2004 G.O. Bonds, Series 2009-I, 5.00% 2020 | 3,500 | 4,144 |
| Los Angeles Unified School Dist. (County of Los Angeles), G.O. Ref. Bonds, Series 2011-A-1, 5.00% 2018 | 7,010 | 8,247 |
| Municipal Improvement Corp. of Los Angeles, Lease Rev. Ref. Bonds, Series 2012-C, 5.00% 2020 | 2,000 | 2,315 |
| Municipal Improvement Corp. of Los Angeles, Lease Rev. Ref. Bonds, Series 2012-C, 5.00% 2022 | 3,250 | 3,740 |
| Morongo Band of Mission Indians, Enterprise Rev. Ref. Bonds, Series 2008-B, 5.50% 2018 | 1,220 | 1,294 |
| Murrieta Public Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2012, 5.00% 2020 | 1,000 | 1,122 |
| Northern California Power Agcy., Hydroelectric Project Number One Rev. Ref. Bonds, Series 2010-A, 5.00% 2019 | 1,000 | 1,189 |
| Northern California Power Agcy., Hydroelectric Project Number One Rev. Ref. Bonds, Series 2010-A, 5.00% 2020 | 2,000 | 2,315 |
| Northern California Power Agcy., Hydroelectric Project Number One Rev. Ref. Bonds, Series 2010-A, 5.00% 2021 | 1,000 | 1,135 |
| Oakland Redev. Successor Agcy., Tax Allocation Ref. Bonds (Central Dist. Redev. Project), Series 2013, 5.00% 2019 | 2,000 | 2,312 |
| Oakland Redev. Successor Agcy., Tax Allocation Ref. Bonds (Central Dist. Redev. Project), Series 2013, 5.00% 2020 | 2,500 | 2,877 |
| Oakland Redev. Successor Agcy., Tax Allocation Ref. Bonds (Central Dist. Redev. Project), Series 2013, 5.00% 2021 | 2,000 | 2,298 |
| Port of Oakland, Rev. Ref. Bonds, Series 2007-A, AMT, National insured, 5.00% 2015 | 2,220 | 2,398 |
| Port of Oakland, Rev. Ref. Bonds, Series 2007-C, National insured, 5.00% 2016 | 1,000 | 1,124 |
| Port of Oakland, Rev. Ref. Bonds, Series 2007-C, National insured, 5.00% 2017 | 1,000 | 1,154 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| California (continued) | (000) | (000) |
| | | |
| Port of Oakland, Rev. Ref. Bonds, Series 2011-O, AMT, 5.00% 2020 | $2,020 | $2,333 |
| Port of Oakland, Rev. Ref. Bonds, Series 2012-P, AMT, 5.00% 2021 | 7,750 | 8,918 |
| Port of Oakland, Rev. Ref. Bonds, Series 2012-P, AMT, 5.00% 2022 | 4,000 | 4,566 |
| Port of Oakland, Rev. Ref. Bonds, Series 2012-P, AMT, 5.00% 2023 | 2,750 | 3,081 |
| City of Orange, Community Facs. Dist. No. 91-2, Special Tax Ref. Bonds (Serrano Heights Public Improvements), | | |
| Series 2013, 4.00% 2022 | 1,000 | 1,058 |
| City of Orange, Community Facs. Dist. No. 91-2, Special Tax Ref. Bonds (Serrano Heights Public Improvements), | | |
| Series 2013, 5.00% 2023 | 750 | 851 |
| Pollution Control Fncg. Auth., Solid Waste Disposal Rev. Ref. Bonds (Republic Services, Inc. Project), | | |
| Series 2002-C, AMT, 5.25% 2023 (put 2017)2 | 8,250 | 8,840 |
| Public Works Board, Lease Rev. Bonds (Judicial Council of California, Various Judicial Council Projects), | | |
| Series 2011-D, 5.00% 2019 | 2,000 | 2,381 |
| Public Works Board, Lease Rev. Bonds (Trustees of the California State University), Series 2013-H, 5.00% 2021 | 3,250 | 3,851 |
| Public Works Board, Lease Rev. Bonds (Various Capital Projects), Series 2011-A, 5.00% 2019 | 2,000 | 2,378 |
| Public Works Board, Lease Rev. Bonds (Various Capital Projects), Series 2013-I, 5.00% 2021 | 1,000 | 1,179 |
| Successor Agcy. to the Rancho Mirage Redev. Agcy, Tax Allocation Housing Ref. Bonds, | | |
| Series 2013-A, 5.00% 2022 | 1,495 | 1,685 |
| Regional Airports Improvement Corp., Facs. Lease Rev. Ref. Bonds (LAXFUEL Corp., Los Angeles | | |
| International Airport), Issue of 2012, AMT, 5.00% 2020 | 545 | 624 |
| Regional Airports Improvement Corp., Facs. Lease Rev. Ref. Bonds (LAXFUEL Corp., Los Angeles | | |
| International Airport), Issue of 2012, AMT, 5.00% 2021 | 1,700 | 1,925 |
| City of San Bernardino, Unified School Dist. G.O. Ref. Bonds, Series 2013-A, 5.00% 2017 | 400 | 456 |
| City of San Bernardino, Unified School Dist. G.O. Ref. Bonds, Series 2013-A, Assured Guaranty | | |
| Municipal insured, 5.00% 2023 | 1,100 | 1,259 |
| County of San Bernardino, Certs. of Part. (Arrowhead Ref. Project), Series 2009-A, 5.00% 2017 | 6,000 | 6,721 |
| Public Facs. Fncg. Auth. of the City of San Diego, Sewer Rev. Bonds, Series 2009-A, 5.00% 2017 | 8,500 | 9,725 |
| Public Facs. Fncg. Auth. of the City of San Diego, Sewer Rev. Ref. Bonds, Series 2009-B, 5.00% 2017 | 2,500 | 2,860 |
| Redev. Agcy. of the City and County of San Francisco, Community Facs. Dist. No. 6, Special Tax Ref. Bonds | | |
| (Mission Bay South Public Improvements), Series 2013-A, 5.00% 2022 | 1,000 | 1,104 |
| San Francisco State Building Auth., Lease Rev. Ref. Bonds (San Francisco Civic Center Complex), | | |
| Series 2005-A, FGIC-National insured, 5.00% 2016 | 2,500 | 2,698 |
| City of San Jose, Airport Rev. Bonds, Series 2007-A, AMT, AMBAC insured, 5.50% 2020 | 7,820 | 8,651 |
| City of San Jose, Airport Rev. Bonds, Series 2007-A, AMT, AMBAC insured, 5.50% 2022 | 2,500 | 2,750 |
| City of San Jose, Airport Rev. Ref. Bonds, Series 2011-A-1, AMT, 5.00% 2018 | 3,750 | 4,271 |
| City of San Jose, Airport Rev. Ref. Bonds, Series 2011-A-1, AMT, 5.00% 2019 | 3,000 | 3,451 |
| City of San Jose, Airport Rev. Ref. Bonds, Series 2011-A-1, AMT, 5.25% 2020 | 3,070 | 3,561 |
| City of San Jose, Airport Rev. Ref. Bonds, Series 2011-A-1, AMT, 5.25% 2022 | 3,650 | 4,119 |
| Santa Cruz County Redev. Successor Agcy., Tax Allocation Ref. Bonds, Series 2014, 5.00% 2020 | 985 | 1,143 |
| Sonoma-Marin Area Rail Transit Dist., Measure Q Sales Tax Rev. Bonds, Series 2011-A, 5.00% 2022 | 2,795 | 3,317 |
| South Orange County Public Fncg. Auth., Special Tax Rev. Bonds (Ladera Ranch), | | |
| Series 2005-A, AMBAC insured, 5.00% 2016 | 2,420 | 2,578 |
| Southern California Public Power Auth., Gas Project Rev. Bonds (Project No. 1), Series 2007-A, 5.00% 2016 | 1,000 | 1,095 |
| Southern California Public Power Auth., Transmission Project Rev. Ref. Bonds (Southern Transmission Project), | | |
| Series 2009-A, 5.00% 2019 | 2,500 | 2,992 |
| Statewide Communities Dev. Auth., Rev. Bonds (Kaiser Permanente), Series 2002-C, 5.00% 2029 (put 2017) | 5,700 | 6,491 |
| Statewide Communities Dev. Auth., Rev. Bonds (Kaiser Permanente), Series 2009-A, 5.00% 2019 | 2,000 | 2,363 |
| Statewide Communities Dev. Auth., Rev. Bonds (Redlands Community Hospital), | | |
| Series 2005-A, RADIAN insured, 5.00% 2014 | 1,300 | 1,308 |
| Statewide Communities Dev. Auth., Rev. Ref. Bonds (American Baptist Homes of the West), | | |
| Series 2010, 5.375% 2020 | 2,730 | 3,008 |
| Statewide Communities Dev. Auth., Student Housing Rev. Bonds (CHF-Irvine, LLC-UCI East Campus | | |
| Apartments, Phase II), Series 2004, 5.50% 2014 | 1,975 | 2,004 |
| Statewide Communities Dev. Auth., Student Housing Rev. Bonds (CHF-Irvine, LLC-UCI East Campus | | |
| Apartments, Phase II), Series 2008, 5.00% 2018 | 2,500 | 2,866 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| California (continued) | (000) | (000) |
| | | |
| Statewide Communities Dev. Auth., Student Housing Rev. Ref. Bonds (CHF-Irvine, LLC-UCI East Campus | | |
| Apartments, Phase I), Series 2011, 5.00% 2020 | $ 750 | $ 862 |
| Tobacco Securitization Auth. of Southern California, Tobacco Settlement Asset-backed Rev. Ref. Bonds | | |
| (San Diego County Tobacco Asset Securitization Corp.), Series 2006-A, 4.75% 2025 | 7,905 | 7,590 |
| Tuolumne Wind Project Auth., Rev. Bonds (Tuolumne Co. Project), Series 2009-A, 5.00% 2017 | 2,000 | 2,242 |
| Dept. of Water Resources, Power Supply Rev. Ref. Bonds, Series 2005-F-3, 5.00% 2021 | 1,500 | 1,739 |
| Dept. of Water Resources, Power Supply Rev. Ref. Bonds, Series 2010-L, 5.00% 2017 | 2,250 | 2,575 |
| Dept. of Water Resources, Power Supply Rev. Ref. Bonds, Series 2010-L, 5.00% 2018 | 2,700 | 3,168 |
| Dept. of Water Resources, Power Supply Rev. Ref. Bonds, Series 2011-N, 5.00% 2019 | 2,500 | 2,987 |
| Dept. of Water Resources, Power Supply Rev. Ref. Bonds, Series 2011-N, 5.00% 2020 | 2,500 | 2,997 |
| Dept. of Water Resources, Water System Rev. Ref. Bonds (Central Valley Project), Series AM, 5.00% 2019 | 2,000 | 2,417 |
| | | 377,001 |
| Colorado 1.66% | | |
| | | |
| Arapahoe County, Ref. Certs. of Part. (Sheriff/Coroner Building and Centrepoint Plaza), Series 2006, | | |
| AMBAC insured, 5.00% 2015 | 2,000 | 2,091 |
| City and County of Denver, Airport System Rev. Bonds, Series 2013-A, AMT, 5.00% 2021 | 1,000 | 1,143 |
| City and County of Denver, Airport System Rev. Bonds, Series 2013-A, AMT, 5.00% 2022 | 1,300 | 1,474 |
| City and County of Denver, Airport System Rev. Ref. Bonds, Series 2008-A1-4, AMT, 5.25% 2015 | 2,800 | 3,044 |
| City and County of Denver, Airport System Rev. Ref. Bonds, Series 2010-A, 5.00% 2021 | 3,000 | 3,446 |
| City and County of Denver, Airport System Rev. Ref. Bonds, Series 2011-A, AMT, 5.00% 2021 | 3,445 | 3,964 |
| City and County of Denver, Airport System Rev. Ref. Bonds, Series 2011-A, AMT, 5.25% 2018 | 2,500 | 2,917 |
| City and County of Denver, Airport System Rev. Ref. Bonds, Series 2011-A, AMT, 5.75% 2020 | 2,700 | 3,243 |
| Denver Urban Renewal Auth., Stapleton Tax Increment Rev. Bonds, Series 2013-A-1, 5.00% 2021 | 3,800 | 4,307 |
| Denver Urban Renewal Auth., Stapleton Tax Increment Rev. Bonds, Series 2013-A-1, 5.00% 2022 | 4,000 | 4,504 |
| Health Facs. Auth., Health Facs. Rev. Ref. Bonds (Evangelical Lutheran Good Samaritan Society Project), | | |
| Series 2006, 5.00% 2015 | 1,420 | 1,497 |
| Health Facs. Auth., Health Facs. Rev. Ref. Bonds (Evangelical Lutheran Good Samaritan Society Project), | | |
| Series 2009-B, 5.00% 2039 (put 2014) | 3,200 | 3,298 |
| Health Facs. Auth., Hospital Rev. Ref. Bonds (Adventist Health System/Sunbelt Obligated Group), | | |
| Series 2006-F, 5.00% 2015 | 440 | 476 |
| Health Facs. Auth., Hospital Rev. Ref. Bonds (Adventist Health System/Sunbelt Obligated Group), | | |
| Series 2006-F, 5.00% 2015 (escrowed to maturity) | 980 | 1,062 |
| Health Facs. Auth., Hospital Rev. Ref. Bonds (Longmont United Hospital Project), Series 2006-B, | | |
| RADIAN insured, 5.25% 2014 | 1,810 | 1,856 |
| Health Facs. Auth., Rev. Bonds (Catholic Health Initiatives), Series D-3, 5.50% 2038 (put 2015) | 3,500 | 3,811 |
| Health Facs. Auth., Rev. Ref. Bonds (Catholic Health Initiatives), Series 2008-C-2, 4.00% 2040 (put 2015) | 1,000 | 1,062 |
| Health Facs. Auth., Rev. Bonds (Covenant Retirement Communities, Inc.), Series 2005, 5.00% 2014 | 1,320 | 1,360 |
| Health Facs. Auth., Rev. Bonds (Covenant Retirement Communities, Inc.), Series 2005, 5.00% 2015 | 1,145 | 1,211 |
| Public Auth. for Colorado Energy, Natural Gas Purchase Rev. Bonds, Series 2008, 5.75% 2018 | 350 | 390 |
| Regional Transportation Dist., Certs. of Part., Series 2010-A, 5.00% 2018 | 1,640 | 1,884 |
| Regents of the University of Colorado, University Enterprise Rev. Bonds, Series 2009-A, 5.00% 2018 | 1,750 | 2,047 |
| | | 50,087 |
| Connecticut 0.48% | | |
| | | |
| Higher Education Supplemental Loan Auth., Rev. Ref. Bonds (Connecticut Family Education Loan Program), | | |
| Series 2005-A, AMT, National insured, 4.20% 2014 | 610 | 623 |
| Housing Fin. Auth., Housing Mortgage Fin. Program Rev. Ref. Bonds, Series 2012-F-2, AMT, 2.75% 2035 | 960 | 977 |
| Special Tax Obligation Ref. Bonds, Transportation Infrastructure Purposes, Series 2009-1, 5.00% 2018 | 2,500 | 2,899 |
| Special Tax Obligation Ref. Bonds, Transportation Infrastructure Purposes, Series 2009-1, 5.00% 2019 | 8,550 | 10,077 |
| | | 14,576 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Delaware 0.05% | (000) | (000) |
| | | |
| Housing Auth., Single-family Mortgage Rev. Bonds, Series 2007-D-1, AMT, 5.60% 2039 | $ 445 | $ 453 |
| Housing Auth., Single-family Mortgage Rev. Ref. Bonds, Series 2009-A-1, 5.45% 2040 | 1,075 | 1,092 |
| | | 1,545 |
| District of Columbia 1.32% | | |
| | | |
| Convention Center Auth., Dedicated Tax Rev. Ref. Bonds, Series 2007-A, AMBAC insured, 5.00% 2016 | 2,500 | 2,768 |
| Convention Center Auth., Dedicated Tax Rev. Ref. Bonds, Series 2007-A, AMBAC insured, 5.00% 2018 | 5,000 | 5,503 |
| G.O. Ref. Bonds, Series 2007-B, AMBAC insured, 5.00% 2017 | 3,000 | 3,418 |
| G.O. Ref. Bonds, Series B, XLCA-Assured Guaranty Municipal insured, 5.25% 2020 | 2,000 | 2,393 |
| University Rev. Bonds (Georgetown University Issue), Series 2001-B, 4.70% 2031 (put 2018) | 8,500 | 9,536 |
| Housing Fin. Agcy., Capital Program Rev. Bonds (Housing Auth. Modernization Program), | | |
| Series 2005, Assured Guaranty Municipal insured, 5.00% 2014 | 1,785 | 1,818 |
| Dist. of Columbia, Income Tax Secured Rev. Ref. Bonds, Series 2009-B, 5.00% 2017 | 4,000 | 4,642 |
| Dist. of Columbia, Income Tax Secured Rev. Ref. Bonds, Series 2011-E, 0.64% 20151 | 5,000 | 5,018 |
| Metropolitan Washington Airports Auth., Airport System Rev. Bonds, Series 2008-A, AMT, 5.50% 2017 | 1,000 | 1,159 |
| Metropolitan Washington Airports Auth., Airport System Rev. Ref. Bonds, Series 2012-A, AMT, 5.00% 2020 | 3,000 | 3,511 |
| | | 39,766 |
| Florida 10.31% | | |
| | | |
| Broward County, Airport System Rev. Ref. Bonds, Series 2009-O, 5.00% 2015 | 1,000 | 1,077 |
| Broward County, Airport System Rev. Ref. Bonds, Series 2009-O, 5.00% 2016 | 1,000 | 1,117 |
| Broward County, Airport System Rev. Ref. Bonds, Series 2012-P-1, AMT, 5.00% 2024 | 5,000 | 5,480 |
| Dept. of Children and Family Services, Certs. of Part. (Florida Civil Commitment Center Project), | | |
| Series 2006, National insured, 5.00% 2016 | 1,000 | 1,112 |
| Citizens Property Insurance Corp., Coastal Account Secured Bonds, Series 2011-A-1, 5.00% 2018 | 2,000 | 2,285 |
| Citizens Property Insurance Corp., Coastal Account Secured Bonds, Series 2011-A-1, 5.00% 2019 | 5,000 | 5,748 |
| Citizens Property Insurance Corp., High-Risk Account Secured Bonds, Series 2009-A-1, 5.50% 2017 | 10,035 | 11,499 |
| Citizens Property Insurance Corp., High-Risk Account Secured Bonds, Series 2010-A-1, 5.00% 2015 | 8,000 | 8,500 |
| Citizens Property Insurance Corp., High-Risk Account Secured Bonds, Series 2010-A-1, 5.25% 2017 | 8,350 | 9,500 |
| Citizens Property Insurance Corp., Personal Lines Account/Commercial Lines Account Secured Bonds, | | |
| Series 2012-A-1, 5.00% 2020 | 4,500 | 5,177 |
| Citizens Property Insurance Corp., Personal Lines Account/Commercial Lines Account Secured Bonds, | | |
| Series 2012-A-1, 5.00% 2021 | 1,000 | 1,143 |
| Citizens Property Insurance Corp., Personal Lines Account/Commercial Lines Account Secured Bonds, | | |
| Series 2012-A-1, 5.00% 2022 | 5,200 | 5,905 |
| City of Coral Gables, Health Facs. Auth., Hospital Rev. Bonds (Baptist Health South Florida Obligated | | |
| Group), Series 2004, Assured Guaranty Municipal insured, 5.00% 2034 (preref. 2014) | 1,000 | 1,026 |
| Dept. of Environmental Protection, Forever Rev. Bonds, Series 2007-B, National insured, 5.00% 2018 | 3,000 | 3,408 |
| Escambia County Health Facs. Auth., Health Care Facs. Rev. Bonds (Baptist Hospital, Inc. Project), | | |
| Series 2010-A, 5.00% 2017 | 2,510 | 2,758 |
| Escambia County Health Facs. Auth., Health Care Facs. Rev. Bonds (Baptist Hospital, Inc. Project), | | |
| Series 2010-A, 5.125% 2020 | 1,270 | 1,414 |
| Escambia County Housing Fin. Auth., Single-family Mortgage Rev. Bonds (Multi-County Program), | | |
| Series 2007-B, AMT, 4.70% 2039 | 1,050 | 1,059 |
| Greater Orlando Aviation Auth., Airport Facs. Rev. Ref. Bonds, Series 2007-A, AMT, Assured Guaranty | | |
| Municipal insured, 5.00% 2016 | 2,000 | 2,230 |
| Greater Orlando Aviation Auth., Airport Facs. Rev. Ref. Bonds, Series 2008-A, AMT, Assured Guaranty | | |
| Municipal insured, 5.25% 2018 | 1,200 | 1,397 |
| Greater Orlando Aviation Auth., Airport Facs. Rev. Ref. Bonds, Series 2009-A, AMT, 6.00% 2016 | 2,500 | 2,853 |
| Greater Orlando Aviation Auth., Airport Facs. Rev. Ref. Bonds, Series 2012-A, AMT, 5.00% 2021 | 5,915 | 6,805 |
| Highlands County Health Facs. Auth., Hospital Rev. Ref. Bonds (Adventist Health System/Sunbelt Obligated | | |
| Group), Series 2005-B, 5.00% 2014 | 1,025 | 1,064 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Florida (continued) | (000) | (000) |
| | | |
| Highlands County Health Facs. Auth., Hospital Rev. Ref. Bonds (Adventist Health System/Sunbelt Obligated | | |
| Group), Series 2006-G, 5.00% 2015 | $ 1,610 | $ 1,743 |
| Highlands County Health Facs. Auth., Hospital Rev. Ref. Bonds (Adventist Health System/Sunbelt Obligated | | |
| Group), Series 2005-B, 5.00% 2014 (escrowed to maturity) | 145 | 151 |
| Highlands County Health Facs. Auth., Hospital Rev. Ref. Bonds (Adventist Health System/Sunbelt Obligated | | |
| Group), Series 2006-G, 5.00% 2015 (escrowed to maturity) | 30 | 33 |
| Hillsborough County Industrial Dev. Auth., Pollution Control Rev. Ref. Bonds (Tampa Electric Co. Project), | | |
| Series 2007-A, 5.65% 2018 | 4,000 | 4,642 |
| School Board of Hillsborough County, Master Lease Program, Series 2006-B, National insured, 5.00% 2015 | 2,000 | 2,131 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds (Special Program), Series 2009-A-1, 5.00% 2028 | 750 | 813 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2007-6, AMT, 4.35% 2016 | 325 | 325 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2007-6, AMT, 4.45% 2017 | 305 | 306 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2007-6, AMT, 5.75% 2037 | 560 | 590 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2009-2, 5.50% 2041 | 545 | 586 |
| Hurricane Catastrophe Fund Fin. Corp., Rev. Bonds, Series 2008-A, 5.00% 2014 | 13,500 | 13,774 |
| Hurricane Catastrophe Fund Fin. Corp., Rev. Bonds, Series 2010-A, 5.00% 2015 | 1,900 | 2,026 |
| Hurricane Catastrophe Fund Fin. Corp., Rev. Bonds, Series 2010-A, 5.00% 2016 | 5,000 | 5,526 |
| City of Jacksonville, Better Jacksonville Sales Tax Rev. Ref. Bonds, Series 2011, 5.00% 2017 | 4,000 | 4,571 |
| City of Jacksonville, Better Jacksonville Sales Tax Rev. Ref. Bonds, Series 2011, 5.00% 2019 | 5,000 | 5,824 |
| Jacksonville Aviation Auth., Rev. Bonds, Series 2006, AMT, AMBAC insured, 5.00% 2018 | 7,585 | 8,366 |
| Jacksonville Aviation Auth., Rev. Bonds, Series 2006, AMT, AMBAC insured, 5.00% 2021 | 1,830 | 1,985 |
| Jacksonville Aviation Auth., Rev. Bonds, Series 2006, AMT, AMBAC insured, 5.00% 2023 | 1,935 | 2,099 |
| City of Lakeland, Retirement Community First Mortgage Rev. Ref. Bonds (Carpenter's Home Estates, Inc. Project), | | |
| Series 2008, 5.875% 2019 | 865 | 947 |
| Lee County, Airport Rev. Ref. Bonds, Series 2010-A, AMT, Assured Guaranty insured, 5.00% 2016 | 2,535 | 2,813 |
| Lee County, Solid Waste System Rev. Bonds, Series 2006-A, AMT, AMBAC insured, 5.00% 2015 | 2,260 | 2,396 |
| Dept. of Management Services, Certs. of Part., Series 2009-A, 5.00% 2017 | 4,990 | 5,694 |
| Dept. of Management Services, Certs. of Part., Series 2009-A, 5.00% 2019 | 2,500 | 2,888 |
| City of Miami Beach Health Facs. Auth., Hospital Rev. Ref. Bonds (Mount Sinai Medical Center of Florida), | | |
| Series 2012, 5.00% 2019 | 1,650 | 1,869 |
| City of Miami Beach Health Facs. Auth., Hospital Rev. Ref. Bonds (Mount Sinai Medical Center of Florida), | | |
| Series 2012, 5.00% 2021 | 1,000 | 1,088 |
| Miami-Dade County Educational Facs. Auth., Rev. Bonds (University of Miami Issue), Series 2008-A, 5.25% 2020 | 2,270 | 2,451 |
| Miami-Dade County Educational Facs. Auth., Rev. Ref. Bonds (University of Miami Issue), | | |
| Series 2007-B, AMBAC insured, 5.25% 2018 | 3,760 | 4,267 |
| Miami-Dade County Expressway Auth., Toll System Rev. Ref. Bonds, Series 2013-A, 5.00% 2020 | 1,225 | 1,428 |
| Miami-Dade County Expressway Auth., Toll System Rev. Ref. Bonds, Series 2013-A, 5.00% 2021 | 1,500 | 1,737 |
| Miami-Dade County, Aviation Rev. Bonds, Series 2010-A, 5.00% 2021 | 2,250 | 2,581 |
| Miami-Dade County, Aviation Rev. Ref. Bonds, Series 2012-A, AMT, 5.00% 2020 | 5,750 | 6,565 |
| Miami-Dade County, Aviation Rev. Ref. Bonds, Series 2012-A, AMT, 5.00% 2021 | 11,600 | 13,182 |
| Miami-Dade County, Miami International Airport (Hub of the Americas), Aviation Rev. Ref. Bonds, | | |
| Series 2003-E, AMT, National insured, 5.375% 2017 | 2,000 | 2,286 |
| Miami-Dade County, Miami International Airport (Hub of the Americas), Aviation Rev. Ref. Bonds, | | |
| Series 2005-B, AMT, XLCA insured, 5.00% 2018 | 1,000 | 1,062 |
| Miami-Dade County, Miami International Airport (Hub of the Americas), Aviation Rev. Ref. Bonds, | | |
| Series 2009-A, 5.75% 2022 | 1,500 | 1,702 |
| Miami-Dade County, Miami International Airport (Hub of the Americas), Aviation Rev. Ref. Bonds, | | |
| Series 2009-B, 5.50% 2018 | 3,580 | 4,219 |
| Miami-Dade County, Miami International Airport (Hub of the Americas), Aviation Rev. Ref. Bonds, | | |
| Series 2009-B, 5.75% 2021 | 2,000 | 2,300 |
| Miami-Dade County, G.O. Bonds (Building Better Communities Program), Series 2008-B, 5.00% 2017 | 2,500 | 2,854 |
| Miami-Dade County, Transit System Sales Surtax Rev. Bonds, Series 2012, 5.00% 2019 | 1,250 | 1,465 |
| Miami-Dade County, Transit System Sales Surtax Rev. Bonds, Series 2012, 5.00% 2020 | 550 | 643 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Florida (continued) | (000) | (000) |
| | | |
| Miami-Dade County, Transit System Sales Surtax Rev. Bonds, Series 2012, 5.00% 2021 | $ 1,500 | $ 1,750 |
| Miami-Dade County, Water and Sewer System Rev. Ref. Bonds, Series 2008-C, 5.25% 2017 | 3,000 | 3,457 |
| School Board of Miami-Dade County, Certs. of Part., Series 2006-C, AMBAC insured, 5.00% 2017 | 1,140 | 1,304 |
| School Board of Miami-Dade County, Certs. of Part., Series 2008-A, AMBAC insured, 5.00% 2017 | 5,000 | 5,699 |
| School Board of Miami-Dade County, Certs. of Part., Series 2011-B, 5.00% 2032 (put 2016) | 3,000 | 3,283 |
| Municipal Power Agcy., All-Requirements Power Supply Project Rev. Bonds, Series 2008-A, 5.00% 2017 | 2,500 | 2,859 |
| Municipal Power Agcy., All-Requirements Power Supply Project Rev. Bonds, Series 2008-A, 5.00% 2018 | 4,650 | 5,408 |
| Municipal Power Agcy., All-Requirements Power Supply Project Rev. Bonds, Series 2009, 5.25% 2020 | 2,430 | 2,811 |
| Municipal Power Agcy., Stanton Project Rev. Ref. Bonds, Series 2008, 5.125% 2017 | 5,000 | 5,741 |
| Municipal Power Agcy., Rev. Bonds (St. Lucie Project), Series 2009-A, 5.00% 2017 | 3,455 | 3,951 |
| Municipal Power Agcy., Rev. Bonds (St. Lucie Project), Series 2011-B, 5.00% 2022 | 2,000 | 2,278 |
| Orlando Utilities Commission, Utility System Rev. Ref. Bonds, Series 2006, 5.00% 2018 | 1,000 | 1,116 |
| Orlando-Orange County Expressway Auth., Rev. Ref. Bonds, Series 2012, 5.00% 2019 | 1,250 | 1,464 |
| Orlando-Orange County Expressway Auth., Rev. Ref. Bonds, Series 2012, 5.00% 2020 | 1,500 | 1,754 |
| Orlando-Orange County Expressway Auth., Rev. Ref. Bonds, Series 2012-B, 5.00% 2020 | 1,000 | 1,170 |
| Orlando-Orange County Expressway Auth., Rev. Ref. Bonds, Series 2012-B, 5.00% 2022 | 1,250 | 1,448 |
| Orlando-Orange County Expressway Auth., Rev. Ref. Bonds, Series 2012-B, 5.00% 2023 | 1,500 | 1,725 |
| Palm Beach County Health Facs. Auth., Hospital Rev. Bonds (Jupiter Medical Center, Inc. Project), | | |
| Series 2013-A, 4.00% 2014 | 600 | 614 |
| Solid Waste Auth. of Palm Beach County, Improvement Rev. Ref. Bonds, Series 2011, 5.00% 2019 | 5,000 | 5,907 |
| Ports Fncg. Commission, Rev. Ref. Bonds (State Transportation Trust Fund), Series 2011-B, AMT, 5.00% 2017 | 1,500 | 1,701 |
| Ports Fncg. Commission, Rev. Ref. Bonds (State Transportation Trust Fund), Series 2011-B, AMT, 5.00% 2021 | 2,500 | 2,902 |
| Putnam County Dev. Auth., Pollution Control Rev. Ref. Bonds (Seminole Electric Cooperative, Inc. Project), | | |
| Series 2007-B, AMBAC insured, 5.35% 2042 (put 2018) | 10,370 | 11,933 |
| State Board of Education, Public Education Capital Outlay Bonds, Series 2007-D, 5.00% 2020 | 3,500 | 4,067 |
| State Board of Education, Public Education Capital Outlay Bonds, Series 2008-A, 5.00% 2014 | 1,000 | 1,016 |
| City of Tallahassee, Energy System Rev. Ref. Bonds, Series 2010, 5.00% 2016 | 1,410 | 1,568 |
| City of Tampa, Health System Rev. Ref. Bonds (Baycare Health System Issue), Series 2010, 5.00% 2017 | 1,500 | 1,722 |
| City of Tampa, Health System Rev. Ref. Bonds (Baycare Health System Issue), Series 2010, 5.00% 2018 | 5,000 | 5,821 |
| City of Tampa, Rev. Ref. and Capital Improvement Cigarette Tax Allocation Bonds (H. Lee Moffitt Cancer | | |
| Center Project), Series 2012-A, 5.00% 2018 | 885 | 1,024 |
| Tampa Bay Water, Utility System Rev. Ref. Bonds, Series 2011-A, 5.00% 2017 | 2,250 | 2,597 |
| Dept. of Transportation, Right-of-Way Acquisition and Bridge Construction Bonds, Series 2008-A, 5.00% 2017 | 3,435 | 3,941 |
| Dept. of Transportation, Right-of-Way Acquisition and Bridge Construction Ref. Bonds, Series 2012-B, 5.00% 2023 | 3,000 | 3,545 |
| Dept. of Transportation, Turnpike Rev. Bonds, Series 2007-A, National insured, 5.00% 2016 | 5,000 | 5,553 |
| Water Pollution Control Fncg. Corp., Water Pollution Control Rev. Bonds, Series 2008-A, 4.00% 2017 | 2,000 | 2,204 |
| Water Pollution Control Fncg. Corp., Water Pollution Control Rev. Bonds, Series 2008-A, 5.00% 2020 | 2,000 | 2,317 |
| | | 310,135 |
| Georgia 2.75% | | |
| | | |
| Atlanta Dev. Auth., Student Housing Facs. Rev. Ref. Bonds (Piedmont/Ellis, LLC University Commons Project), | | |
| Series 2013, 5.00% 2022 | 1,210 | 1,402 |
| Atlanta Dev. Auth., Student Housing Facs. Rev. Ref. Bonds (Piedmont/Ellis, LLC University Commons Project), | | |
| Series 2013, 5.00% 2023 | 1,825 | 2,099 |
| City of Atlanta, Water and Wastewater Rev. Ref. Bonds, Series 2013-B, 5.00% 2020 | 2,000 | 2,355 |
| DeKalb County Hospital Auth., Rev. Ref. Anticipation Certificates (DeKalb Medical Center, Inc. Project), | | |
| Series 2010, 5.25% 2020 | 8,750 | 9,414 |
| DeKalb County, Water and Sewerage Rev. Bonds (Second Resolution), Series 2011-A, 5.00% 2022 | 1,000 | 1,157 |
| Main Street Natural Gas, Inc., Gas Project Rev. Bonds, Series 2006-B, 5.00% 2015 | 1,525 | 1,593 |
| Main Street Natural Gas, Inc., Gas Project Rev. Bonds, Series 2006-B, 5.00% 2016 | 4,470 | 4,835 |
| Main Street Natural Gas, Inc., Gas Project Rev. Bonds, Series 2006-B, 5.00% 2017 | 1,500 | 1,649 |
| Main Street Natural Gas, Inc., Gas Project Rev. Bonds, Series 2006-B, 5.00% 2020 | 5,000 | 5,572 |
| Main Street Natural Gas, Inc., Gas Project Rev. Bonds, Series 2007-A, 5.125% 2015 | 190 | 203 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Georgia (continued) | (000) | (000) |
| | | |
| Metropolitan Atlanta Rapid Transit Auth., Sales Tax Rev. Ref. Bonds (Third Indenture Series), | | |
| Series 2005-A, FGIC-National insured, 5.00% 2020 | $ 4,000 | $ 4,743 |
| Municipal Electric Auth., Project One Bonds, Series 2011-A, 5.00% 2021 | 4,900 | 5,679 |
| Municipal Electric Auth., Project One Rev. Ref. Bonds, Series 2008-D, 5.75% 2019 | 16,000 | 18,899 |
| Public Gas Partners, Inc., Gas Project Rev. Ref. Bonds (Gas Supply Pool No. 1), Series A, 5.00% 2017 | 5,000 | 5,659 |
| Public Gas Partners, Inc., Gas Project Rev. Ref. Bonds (Gas Supply Pool No. 1), Series A, 5.00% 2018 | 10,930 | 12,528 |
| Savannah Econ. Dev. Auth., Pollution Control Rev. Ref. Bonds (International Paper Co. Projects), | | |
| Series 2003-A, 5.10% 2014 | 1,000 | 1,020 |
| State Road & Tollway Auth., Federal Highway Grant Anticipation Rev. Bonds, Series 2009-A, 5.00% 2019 | 3,500 | 4,131 |
| | | 82,938 |
| Guam 0.23% | | |
| | | |
| A.B. Won Pat International Airport Auth., General Rev. Bonds, Series 2013-C, AMT, 5.00% 2018 | 750 | 800 |
| A.B. Won Pat International Airport Auth., General Rev. Bonds, Series 2013-C, AMT, 5.00% 2021 | 3,320 | 3,437 |
| Education Fncg. Foundation, Certs. of Part. (Public School Facs. Project), Series 2006-A, 5.00% 2014 | 1,000 | 1,022 |
| Education Fncg. Foundation, Certs. of Part. (Public School Facs. Project), Series 2006-A, 5.00% 2016 | 1,000 | 1,057 |
| Power Auth., Rev. Ref. Bonds, Series 2012-A, Assured Guaranty Municipal insured, 5.00% 2021 | 500 | 571 |
| | | 6,887 |
| Hawaii 0.83% | | |
| | | |
| Airports System Rev. Bonds, Series 2010-B, AMT, 5.00% 2018 | 9,900 | 11,327 |
| G.O. Bonds of 2011, Series DZ, 5.00% 2020 | 1,885 | 2,259 |
| G.O. Bonds, Series CM, FGIC-Assured Guaranty Municipal insured, 6.50% 2016 | 3,000 | 3,508 |
| G.O. Ref. Bonds of 2011, Series EA, 5.00% 2019 | 1,000 | 1,196 |
| G.O. Bonds, Series DQ, 5.00% 2016 (escrowed to maturity) | 455 | 504 |
| Harbor System Rev. Ref. Bonds, Series 2007-A, AMT, Assured Guaranty Municipal insured, 5.25% 2016 | 1,000 | 1,107 |
| City and County of Honolulu, G.O. Bonds, Series 2007-A, Assured Guaranty Municipal insured, 5.00% 2019 | 1,000 | 1,131 |
| City and County of Honolulu, G.O. Bonds, Series 2012-B, 5.00% 2021 | 1,250 | 1,496 |
| Pacific Health Obligated Group, Special Purpose Rev. Bonds (Dept. of Budget and Fin.), | | |
| Series 2010-B, 5.00% 2016 | 450 | 487 |
| Pacific Health Obligated Group, Special Purpose Rev. Bonds (Dept. of Budget and Fin.), | | |
| Series 2010-B, 5.00% 2017 | 450 | 497 |
| Pacific Health Obligated Group, Special Purpose Rev. Bonds (Dept. of Budget and Fin.), | | |
| Series 2010-B, 5.00% 2018 | 500 | 558 |
| Dept. of Transportation, Airports Division Lease Rev. Certs. of Part., Series 2013, AMT, 5.00% 2023 | 1,000 | 1,074 |
| | | 25,144 |
| Idaho 0.36% | | |
| | | |
| Housing and Fin. Assn., Grant and Rev. Anticipation Bonds (Federal Highway Trust Fund), | | |
| Series 2009-A, 5.00% 2017 | 4,500 | 5,121 |
| Housing and Fin. Assn., Grant and Rev. Anticipation Bonds (Federal Highway Trust Fund), | | |
| Series 2009-A, 5.00% 2020 | 3,000 | 3,435 |
| Housing and Fin. Assn., Single-family Mortgage Bonds, Series 2002-F, Class III, AMT, 4.875% 2023 | 450 | 451 |
| Housing and Fin. Assn., Single-family Mortgage Bonds, Series 2003-C, Class III, AMT, 4.50% 2023 | 325 | 325 |
| Housing and Fin. Assn., Single-family Mortgage Bonds, Series 2003-E, Class III, AMT, 5.15% 2023 | 410 | 411 |
| Housing and Fin. Assn., Single-family Mortgage Bonds, Series 2006-G, Class III, AMT, 4.60% 2028 | 300 | 308 |
| Housing and Fin. Assn., Single-family Mortgage Bonds, Series 2007-B, Class III, AMT, 4.60% 2028 | 475 | 477 |
| Housing and Fin. Assn., Single-family Mortgage Bonds, Series 2007-C, Class III, AMT, 4.75% 2028 | 430 | 433 |
| | | 10,961 |
| Illinois 8.17% | | |
| | | |
| Build Bonds (Sales Tax Rev. Bonds), Series 2009-B, 5.00% 2015 | 2,500 | 2,662 |
| Build Bonds (Sales Tax Rev. Bonds), Series June 2013, 5.00% 2020 | 1,000 | 1,172 |
| Build Bonds (Sales Tax Rev. Ref. Bonds), Second Series May 2002, FGIC-National insured, 5.75% 2019 | 2,390 | 2,874 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Illinois (continued) | (000) | (000) |
| | | |
| Build Bonds (Sales Tax Rev. Ref. Bonds), Series June 2010, 5.00% 2016 | $ 1,000 | $ 1,107 |
| Build Bonds (Sales Tax Rev. Ref. Bonds), Series June 2010, 5.00% 2020 | 1,000 | 1,172 |
| Village of Cary, McHenry County, Special Service Area Number One, Special Tax Ref. Bonds, | | |
| Series 2006, RADIAN insured, 4.40% 2016 | 279 | 280 |
| Village of Cary, McHenry County, Special Service Area Number Two, Special Tax Ref. Bonds, | | |
| Series 2006, RADIAN insured, 4.40% 2016 | 374 | 374 |
| Chicago Housing Auth., Capital Program Rev. Ref. Bonds, Series 2006, Assured Guaranty Municipal | | |
| insured, 5.00% 2014 | 4,500 | 4,584 |
| Chicago Transit Auth., Capital Grant Receipts Rev. Bonds, Assured Guaranty insured, 5.00% 2019 | 4,595 | 5,005 |
| Chicago Transit Auth., Sales Tax Receipts Rev. Bonds, Series 2011, 5.00% 2021 | 2,000 | 2,299 |
| Chicago Transit Auth., Capital Grant Receipts Rev. Bonds, Assured Guaranty insured, 5.00% 2019 (preref. 2016) | 905 | 1,021 |
| City of Chicago, Chicago Midway Airport, Rev. Ref. Bonds, Series 2010-B, 5.00% 2034 (preref. 2015) | 1,000 | 1,044 |
| City of Chicago, G.O. Bonds, Ref. Series 2012-C, 5.00% 2021 | 3,000 | 3,341 |
| City of Chicago, O'Hare International Airport, General Airport Rev. Bonds, Series 2011-B, 5.00% 2017 | 1,500 | 1,684 |
| City of Chicago, O'Hare International Airport, General Airport Rev. Bonds, Series 2011-B, 5.00% 2019 | 2,785 | 3,223 |
| City of Chicago, O'Hare International Airport, General Airport Rev. Bonds, Series 2012-B, AMT, 5.00% 2024 | 2,000 | 2,163 |
| City of Chicago, O'Hare International Airport, General Airport Rev. Ref. Bonds, | | |
| Series 2005-B, FGIC-National insured, 5.25% 2015 | 1,500 | 1,568 |
| City of Chicago, O'Hare International Airport, General Airport Rev. Ref. Bonds, | | |
| Series 2005-B, National insured, 5.25% 2016 | 1,000 | 1,088 |
| City of Chicago, O'Hare International Airport, General Airport Rev. Ref. Bonds, | | |
| Series 2008-A, Assured Guaranty Municipal insured, 5.00% 2019 | 2,000 | 2,246 |
| City of Chicago, O'Hare International Airport, General Airport Rev. Ref. Bonds, Series 2012-A, AMT, 5.00% 2025 | 6,170 | 6,604 |
| City of Chicago, O'Hare International Airport, General Airport Rev. Ref. Bonds, Series 2013-A, AMT, 5.00% 2021 | 10,000 | 11,237 |
| City of Chicago, O'Hare International Airport, General Airport Rev. Ref. Bonds, Series 2013-A, AMT, 5.00% 2023 | 5,000 | 5,512 |
| City of Chicago, O'Hare International Airport, Passenger Fac. Charge Rev. Ref. Bonds, | | |
| Series 2012-B, AMT, 5.00% 2018 | 2,000 | 2,267 |
| City of Chicago, O'Hare International Airport, Passenger Fac. Charge Rev. Ref. Bonds, | | |
| Series 2012-B, AMT, 5.00% 2019 | 2,000 | 2,274 |
| City of Chicago, O'Hare International Airport, Passenger Fac. Charge Rev. Ref. Bonds, | | |
| Series 2013-B, AMT, 5.00% 2022 | 3,000 | 3,336 |
| City of Chicago, Sales Tax Rev. Ref. Bonds, Series 2009-A, 5.00% 2022 | 3,000 | 3,326 |
| City of Chicago, Wastewater Transmission Rev. Project Bonds, Series 2012, 5.00% 2021 | 850 | 957 |
| County of Cook, G.O. Ref. Bonds, Series 2009-A, 5.00% 2016 | 2,500 | 2,797 |
| County of Cook, G.O. Ref. Bonds, Series 2011-A, 5.00% 2019 | 2,500 | 2,894 |
| Regional Transportation Auth. of Cook, DuPage, Kane, Lake, McHenry and Will Counties, G.O. Bonds, | | |
| Series 2001-A, FGIC-National insured, 5.50% 2020 | 2,000 | 2,428 |
| Regional Transportation Auth. of Cook, DuPage, Kane, Lake, McHenry and Will Counties, G.O. Rev. Ref. | | |
| Bonds, Series 1997, FGIC-National insured, 6.00% 2020 | 4,000 | 4,890 |
| Regional Transportation Auth. of Cook, DuPage, Kane, Lake, McHenry and Will Counties, G.O. Rev. Ref. | | |
| Bonds, Series 1999, Assured Guaranty Municipal insured, 5.75% 2017 | 5,000 | 5,823 |
| Regional Transportation Auth. of Cook, DuPage, Kane, Lake, McHenry and Will Counties, G.O. Rev. Ref. | | |
| Bonds, Series 1999, Assured Guaranty Municipal insured, 5.75% 2023 | 1,000 | 1,230 |
| Regional Transportation Auth. of Cook, DuPage, Kane, Lake, McHenry and Will Counties, G.O. Rev. Ref. | | |
| Bonds, Series 2003-A, FGIC-National insured, 5.50% 2018 | 7,720 | 9,168 |
| Dev. Fin. Auth., Gas Supply Rev. Ref. Bonds (Peoples Gas Light and Coke Co. Project), | | |
| Series 2003-E, AMT, AMBAC insured, 4.875% 2038 (put 2018) | 5,000 | 5,065 |
| Educational Facs. Auth., Rev. Bonds (University of Chicago), Series 2001-B-1, 1.10% 2036 (put 2018) | 1,250 | 1,253 |
| Fin. Auth., Rev. Bonds (University of Chicago), Series 2008-B, 5.00% 2017 | 2,500 | 2,858 |
| Fin. Auth., Rev. Bonds (University of Chicago), Series 2008-B, 5.50% 2019 | 2,500 | 2,925 |
| Fin. Auth., Charter School Project and Rev. Ref. Bonds (Chicago Charter School Foundation Project), | | |
| Series 2007-A, 5.00% 2014 | 725 | 746 |
| Fin. Auth., Rev. Bonds (Advocate Health Care Network), Series 2008-D, 5.25% 2016 | 1,000 | 1,122 |
| Fin. Auth., Rev. Bonds (Advocate Health Care Network), Series 2008-D, 5.50% 2018 | 1,000 | 1,177 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Illinois (continued) | (000) | (000) |
| | | |
| Fin. Auth., Rev. Bonds (Advocate Health Care Network), Series 2010-D, 5.00% 2019 | $ 1,000 | $ 1,161 |
| Fin. Auth., Rev. Ref. Bonds (Advocate Health Care Network), Series 2008-A-3, 5.00% 2030 (put 2019) | 6,000 | 6,938 |
| Health Facs. Auth., Rev. Bonds (Advocate Health Care Network), Series 2003-A, 4.375% 2022 (put 2014) | 675 | 686 |
| Fin. Auth., Rev. Bonds (Art Institute of Chicago), Series 2009-A, 5.25% 2019 | 1,400 | 1,634 |
| Fin. Auth., Rev. Ref. Bonds (Art Institute of Chicago), Series 2010-A, 5.00% 2015 | 1,400 | 1,468 |
| Fin. Auth., Rev. Bonds (Ascension Health Alliance Credit Group), Series 2012-E, 5.00% 2042 (put 2017) | 1,000 | 1,131 |
| Fin. Auth., Rev. Bonds (Central DuPage Health), Series 2009, 5.00% 2017 | 2,180 | 2,481 |
| Fin. Auth., Rev. Bonds (Central DuPage Health), Series 2009, 5.00% 2018 | 2,230 | 2,573 |
| Fin. Auth., Rev. Bonds (Central DuPage Health), Series 2009, 5.00% 2019 | 2,185 | 2,532 |
| Fin. Auth., Rev. Bonds (Memorial Health System), Series 2009-A, 5.00% 2019 | 1,600 | 1,858 |
| Fin. Auth., Rev. Bonds (Memorial Health System), Series 2009-A, 5.25% 2020 | 1,645 | 1,884 |
| Fin. Auth., Rev. Bonds (Rehab Institute of Chicago), Series 2013-A, 5.00% 2022 | 1,665 | 1,792 |
| Fin. Auth., Rev. Ref. Bonds (DePaul University), Series 2013, 5.00% 2022 | 1,000 | 1,139 |
| Fin. Auth., Rev. Ref. Bonds (Loyola University of Chicago), Series 2012-B, 5.00% 2023 | 1,970 | 2,226 |
| Fin. Auth., Rev. Ref. Bonds (Lutheran Hillside Village), Series 2006, 5.00% 2016 | 2,665 | 2,819 |
| Fin. Auth., Rev. Ref. Bonds (Northwestern Memorial Hospital), Series 2009-A, 5.00% 2018 | 3,000 | 3,481 |
| Fin. Auth., Rev. Ref. Bonds (Provena Health), Series 2010-A, 5.50% 2017 | 2,500 | 2,767 |
| Fin. Auth., Rev. Ref. Bonds (University of Chicago Medical Center), Series 2009-A, 5.00% 2017 | 2,500 | 2,861 |
| Fin. Auth., Rev. Ref. Bonds (University of Chicago Medical Center), Series 2009-A, 5.00% 2018 | 7,500 | 8,748 |
| Fin. Auth., Student Housing Rev. Ref. Bonds, Educational Advancement Fund, Inc. (University Center), | | |
| Series 2006-B, 5.00% 2015 | 2,000 | 2,055 |
| Fin. Auth., Student Housing Rev. Ref. Bonds, Educational Advancement Fund, Inc. (University Center), | | |
| Series 2006-B, 5.00% 2016 | 4,295 | 4,483 |
| G.O. Bonds, Illinois FIRST, Series of August 2001, National insured, 5.50% 2017 | 1,575 | 1,794 |
| G.O. Bonds, Series of March 2013, 5.00% 2022 | 1,250 | 1,395 |
| G.O. Ref. Bonds, Series of February 2010, 5.00% 2019 | 3,000 | 3,401 |
| Housing Dev. Auth., Housing Rev. Ref. Bonds, Series G, 4.15% 2014 | 405 | 409 |
| Housing Dev. Auth., Housing Rev. Ref. Bonds, Series K, 4.20% 2014 | 135 | 136 |
| Housing Dev. Auth., Housing Rev. Ref. Bonds, Series K, 4.25% 2015 | 140 | 145 |
| Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Rev. Ref. Bonds, | | |
| Series 2012-B, 5.00% 2020 | 1,000 | 1,164 |
| City of Quincy, Adams County, Rev. Ref. Bonds (Blessing Hospital), Series 2007, 5.00% 2015 | 2,165 | 2,306 |
| Railsplitter Tobacco Settlement Auth., Tobacco Settlement Rev. Bonds, Series 2010, 5.125% 2019 | 6,500 | 7,505 |
| Railsplitter Tobacco Settlement Auth., Tobacco Settlement Rev. Bonds, Series 2010, 5.25% 2020 | 6,500 | 7,557 |
| Railsplitter Tobacco Settlement Auth., Tobacco Settlement Rev. Bonds, Series 2010, 5.375% 2021 | 1,000 | 1,165 |
| Railsplitter Tobacco Settlement Auth., Tobacco Settlement Rev. Bonds, Series 2010, 5.50% 2023 | 12,425 | 13,926 |
| City of Springfield, Electric Rev. Bonds, Series 2008, 5.00% 2017 | 3,000 | 3,301 |
| State Toll Highway Auth., Toll Highway Priority Rev. Ref. Bonds, Series 1998-A, Assured Guaranty | | |
| Municipal insured, 5.50% 2015 | 9,825 | 10,297 |
| State Toll Highway Auth., Toll Highway Rev. Bonds, Series 2006-A-1, Assured Guaranty Municipal | | |
| insured, 5.00% 2018 | 2,000 | 2,195 |
| State Toll Highway Auth., Toll Highway Rev. Bonds, Series 2014-A, 5.00% 2021 | 1,250 | 1,474 |
| State Toll Highway Auth., Toll Highway Rev. Bonds, Series 2005-A, Assured Guaranty Municipal | | |
| insured, 5.00% 2019 (preref. 2015) | 3,000 | 3,203 |
| Unemployment Insurance Fund Building Receipts Rev. Bonds (Illinois Dept. of Employment Security), | | |
| Series 2012-B, 5.00% 2017 | 2,000 | 2,238 |
| Board of Trustees of the University of Illinois, Certs. of Part. (Academic Facs. Projects), | | |
| Series 2006-A, AMBAC insured, 5.00% 2014 | 2,000 | 2,010 |
| Board of Trustees of the University of Illinois, Certs. of Part. (Academic Facs. Projects), | | |
| Series 2006-A, AMBAC insured, 5.00% 2015 | 2,315 | 2,409 |
| Board of Trustees of the University of Illinois, Ref. Certs. of Part., Series 2009-A, 5.00% 2014 | 1,630 | 1,680 |
| Board of Trustees of The University of Illinois, University of Illinois Auxiliary Facs. System Rev. Bonds, | | |
| Series 2011-A, 5.00% 2019 | 770 | 898 |
| | | 246,121 |
| | | |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Indiana 3.28% | (000) | (000) |
| | | |
| Dev. Fin. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), | | |
| Series 2001, AMT, 4.70% 2031 (put 2015) | $ 1,280 | $ 1,354 |
| Fin. Auth., Hospital Rev. Ref. Bonds (Beacon Health Obligated Group), Series 2013-A, 5.00% 2021 | 1,000 | 1,158 |
| Fin. Auth., Hospital Rev. Ref. Bonds (Community Health Network Project), Series 2012-A, 5.00% 2020 | 1,460 | 1,690 |
| Fin. Auth., Hospital Rev. Ref. Bonds (Indiana University Health Obligated Group), Series 2011-N, 5.00% 2020 | 5,000 | 5,773 |
| Health and Educational Fac. Fncg. Auth., Hospital Rev. Ref. Bonds (Clarian Health Obligated Group), | | |
| Series 2006-B, 5.00% 2014 | 1,060 | 1,062 |
| Health and Educational Fac. Fncg. Auth., Hospital Rev. Ref. Bonds (Clarian Health Obligated Group), | | |
| Series 2006-B, 5.00% 2015 | 1,785 | 1,875 |
| Health and Educational Fac. Fncg. Auth., Hospital Rev. Ref. Bonds (Clarian Health Obligated Group), | | |
| Series 2006-B, 5.00% 2016 | 1,090 | 1,192 |
| Fin. Auth., Hospital Rev. Ref. Bonds (Parkview Health System Obligated Group), Series 2009-A, 5.00% 2017 | 1,640 | 1,839 |
| Fin. Auth., Hospital Rev. Ref. Bonds (Parkview Health System Obligated Group), Series 2012-A, 5.00% 2021 | 2,000 | 2,289 |
| Fin. Auth., Hospital Rev. Ref. Bonds (Parkview Health System Obligated Group), Series 2012-A, 5.00% 2022 | 2,000 | 2,264 |
| Fin. Auth., Private Activity Bonds (Ohio River Bridges East End Crossing Project), Series 2013-B, AMT, 5.00% 2019 | 10,440 | 11,234 |
| Fin. Auth., State Revolving Fund Program Bonds, Series 2007-B, 5.00% 2018 | 3,545 | 4,118 |
| Fin. Auth., State Revolving Fund Program Rev. Ref. Bonds, Series 2005-A, 5.25% 2018 | 3,000 | 3,508 |
| Fin. Auth., Wastewater Utility Rev. Bonds (CWA Auth. Project), Series 2011-B, 5.00% 2019 | 1,000 | 1,162 |
| Health and Educational Fac. Fncg. Auth., Rev. Bonds (Ascension Health Credit Group), | | |
| Series 2005-A-1, 2.80% 2027 (put 2019) | 2,000 | 2,089 |
| Health and Educational Fac. Fncg. Auth., Rev. Bonds (Ascension Health Credit Group), | | |
| Series 2005-A-5, 2.00% 2027 (put 2017) | 1,000 | 1,035 |
| Health and Educational Fac. Fncg. Auth., Rev. Bonds (Ascension Health Credit Group), | | |
| Series 2006-B-7, 4.10% 2046 (put 2016) | 2,000 | 2,186 |
| Trustees of Indiana University, Consolidated Rev. Bonds, Series 2009-A, 5.00% 2017 | 1,000 | 1,144 |
| Trustees of Indiana University, Consolidated Rev. Bonds, Series 2009-A, 5.00% 2018 | 1,000 | 1,170 |
| Trustees of Indiana University, Consolidated Rev. Bonds, Series 2009-A, 5.00% 2019 | 1,000 | 1,189 |
| Indianapolis Airport Auth., Special Fac. Rev. Ref. Bonds (Federal Express Corp. Project), | | |
| Series 2004, AMT, 5.10% 2017 | 20,545 | 22,697 |
| Indianapolis Local Public Improvement Bond Bank Bonds (Indianapolis Airport Auth. Project), | | |
| Series 2006-F, AMT, AMBAC insured, 5.00% 2016 | 2,000 | 2,158 |
| Indianapolis Local Public Improvement Bond Bank Bonds (Indianapolis Airport Auth. Project), | | |
| Series 2006-F, AMT, AMBAC insured, 5.00% 2022 | 7,500 | 8,067 |
| Indianapolis Local Public Improvement Bond Bank Bonds (Indianapolis Airport Auth. Project), | | |
| Series 2006-F, AMT, AMBAC insured, 5.00% 2023 | 2,500 | 2,676 |
| Indianapolis Local Public Improvement Bond Bank Rev. Ref. Bonds, Series 2009-B, 5.00% 2017 | 3,000 | 3,381 |
| Jasper County, Pollution Control Rev. Ref. Bonds (Northern Indiana Public Service Co. Project), | | |
| Series 1988-A, National insured, 5.60% 2016 | 4,000 | 4,419 |
| Jasper County, Pollution Control Rev. Ref. Bonds (Northern Indiana Public Service Co. Project), | | |
| Series 1988-C, National insured, 5.85% 2019 | 2,000 | 2,304 |
| Jasper County, Pollution Control Rev. Ref. Bonds (Northern Indiana Public Service Co. Project), | | |
| Series 2003, AMBAC insured, 5.70% 2017 | 2,000 | 2,239 |
| Trustees of Purdue University, Purdue University Student Facs. System, Rev. Ref. Bonds., Series 2011-A, 5.00% 2022 | 1,200 | 1,408 |
| | | 98,680 |
| Iowa 0.05% | | |
| | | |
| City of Altoona, Annual Appropriation Urban Renewal Tax Increment Rev. Bonds, Series 2008, 5.00% 2015 | 1,000 | 1,052 |
| Fin. Auth., Single-family Mortgage Bonds (Mortgage-backed Securities Program), Series 2009-A, 5.00% 2038 | 480 | 491 |
| | | 1,543 |
| Kansas 0.11% | | |
| | | |
| Dev. Fin. Auth., Hospital Rev. Ref. Bonds (Adventist Health System/Sunbelt Obligated Group), | | |
| Series 2009-D, 5.00% 2020 | 1,150 | 1,323 |
| | | |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Kansas (continued) | (000) | (000) |
| | | |
| Dev. Fin. Auth., Hospital Rev. Ref. Bonds (Adventist Health System/Sunbelt Obligated Group), | | |
| Series 2009-D, 5.00% 2022 | $1,750 | $ 1,942 |
| | | 3,265 |
| Kentucky 1.24% | | |
| | | |
| Asset/Liability Commission, Project Notes, Federal Highway Trust Fund, Series 2007-1, | | |
| National insured, 5.00% 2015 | 2,500 | 2,687 |
| Econ. Dev. Fin. Auth., Hospital Rev. Ref. Bonds (Baptist Healthcare System Obligated Group), | | |
| Series 2009-A, 5.00% 2015 | 2,000 | 2,132 |
| Econ. Dev. Fin. Auth., Hospital Rev. Ref. Bonds (Baptist Healthcare System Obligated Group), | | |
| Series 2009-A, 5.00% 2017 | 2,000 | 2,270 |
| Econ. Dev. Fin. Auth., Hospital Rev. Ref. Bonds (Baptist Healthcare System Obligated Group), | | |
| Series 2009-A, 5.00% 2018 | 2,250 | 2,582 |
| Public Transportation Infrastructure Auth., Toll Rev. Bond Anticipation Notes (Downtown Crossing Project), | | |
| Series 2013-A, 5.00% 2017 | 8,625 | 9,637 |
| State Property and Buildings Commission, Rev. Bonds (Project No. 89), Assured Guaranty Municipal | | |
| insured, 5.00% 2018 | 2,500 | 2,934 |
| State Property and Buildings Commission, Rev. Ref. Bonds (Project No. 87), FGIC-National insured, 5.00% 2018 | 3,000 | 3,362 |
| State Property and Buildings Commission, Rev. Ref. Bonds (Project No. 90), 5.00% 2018 | 2,500 | 2,919 |
| State Property and Buildings Commission, Road Fund Rev. Bonds (Project No. 94), 5.00% 2018 | 3,630 | 4,183 |
| Turnpike Auth., Econ. Dev. Road Rev. Bonds (Revitalization Projects), Series 2012-A, 5.00% 2019 | 4,000 | 4,745 |
| | | 37,451 |
| Louisiana 1.69% | | |
| | | |
| Citizens Property Insurance Corp., Assessment Rev. Bonds, Series 2006-B, AMBAC insured, 5.00% 2017 | 2,500 | 2,723 |
| Citizens Property Insurance Corp., Assessment Rev. Bonds, Series 2006-B, AMBAC insured, 5.00% 2018 | 5,000 | 5,428 |
| Citizens Property Insurance Corp., Assessment Rev. Ref. Bonds, Series 2012, 5.00% 2024 | 1,000 | 1,090 |
| G.O. Bonds, Series 2011-A, 5.00% 2020 | 6,000 | 7,176 |
| Gasoline and Fuels Tax Rev. Ref. Bonds, Series 2012-A-1, 5.00% 2020 | 2,000 | 2,385 |
| Military Dept., Custodial Receipts, 5.00% 2014 | 870 | 888 |
| Military Dept., Custodial Receipts, 5.00% 2015 | 1,725 | 1,828 |
| Office Facs. Corp., Lease Rev. Ref. Bonds (Capitol Complex Program), Series 2009, 5.00% 2015 | 2,005 | 2,103 |
| Office Facs. Corp., Lease Rev. Ref. Bonds (Capitol Complex Program), Series 2009, 5.00% 2016 | 1,000 | 1,089 |
| Office Facs. Corp., Lease Rev. Ref. Bonds (Capitol Complex Program), Series 2009, 5.00% 2017 | 1,125 | 1,263 |
| Public Facs. Auth., Rev. Ref. Bonds (CHRISTUS Health), Series 2009-A, 5.00% 2015 | 3,000 | 3,171 |
| Public Facs. Auth., Rev. Ref. Bonds (CHRISTUS Health), Series 2009-A, 5.00% 2016 | 2,000 | 2,183 |
| Regional Transit Auth. (New Orleans), Sales Tax Rev. Bonds, Series 2010, Assured Guaranty Municipal | | |
| insured, 5.00% 2020 | 1,250 | 1,460 |
| Tobacco Settlement Fncg. Corp., Tobacco Settlement Asset-Backed Ref. Bonds, Series 2013-A, 5.00% 2020 | 5,000 | 5,754 |
| Tobacco Settlement Fncg. Corp., Tobacco Settlement Asset-Backed Ref. Bonds, Series 2013-A, 5.00% 2022 | 8,235 | 9,371 |
| Tobacco Settlement Fncg. Corp., Tobacco Settlement Asset-Backed Ref. Bonds, Series 2013-A, 5.00% 2024 | 3,000 | 3,088 |
| | | 51,000 |
| | | |
| Maine 0.09% | | |
| | | |
| Housing Auth., Mortgage Purchase Rev. Ref. Bonds, Series 2013-B, 4.00% 2043 | 1,130 | 1,197 |
| Municipal Bond Bank, Transportation Infrastructure Rev. Bonds (TransCap Program), Series 2009-A, 5.00% 2015 | 1,435 | 1,542 |
| | | 2,739 |
| | | |
| Maryland 0.76% | | |
| | | |
| Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, | | |
| Series 2006-F, AMT, 6.00% 2039 | 360 | 372 |
| Econ. Dev. Corp., Student Housing Rev. Ref. Bonds (Frostburg State University Project), Series 2013, 5.00% 2023 | 1,000 | 1,057 |
| Health and Higher Educational Facs. Auth., Rev. Bonds (University of Maryland Medical System Issue), | | |
| Series 2010, 5.00% 2020 | 1,000 | 1,138 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Maryland (continued) | (000) | (000) |
| | | |
| Prince George's County, Special Obligation Bonds (Woodview Village Infrastructure Improvements), | | |
| Series 1997-A, 4.40% 2015 | $ 665 | $ 697 |
| Transportation Auth., Airport Parking Rev. Ref. Bonds (Baltimore/Washington International Thurgood Marshall | | |
| Airport Projects), Series 2012-B, AMT, 5.00% 2020 | 8,150 | 9,387 |
| Transportation Auth., Airport Parking Rev. Ref. Bonds (Baltimore/Washington International Thurgood Marshall | | |
| Airport Projects), Series 2012-B, AMT, 5.00% 2021 | 6,565 | 7,542 |
| Transportation Auth., Grant and Rev. Anticipation Bonds, Series 2008, 5.00% 2014 | 2,750 | 2,761 |
| | | 22,954 |
| | | |
| Massachusetts 1.46% | | |
| | | |
| Dev. Fin. Agcy., Higher Education Rev. Bonds (Emerson College Issue), Series 2006-A, 5.00% 2015 | 1,000 | 1,037 |
| Dev. Fin. Agcy., Rev. Ref. Bonds (Emerson College Issue), Series 2010-A, 5.00% 2015 | 1,915 | 1,982 |
| Dev. Fin. Agcy., Rev. Bonds (Berkshire Health Systems Issue), Series 2012-G, 5.00% 2020 | 1,205 | 1,369 |
| Dev. Fin. Agcy., Rev. Bonds (Berkshire Health Systems Issue), Series 2012-G, 5.00% 2021 | 1,500 | 1,695 |
| Dev. Fin. Agcy., Rev. Ref. Bonds, UMass Memorial Issue, Series 2011-H, 5.00% 2020 | 1,000 | 1,117 |
| Educational Fncg. Auth., Education Loan Rev. Bonds, Issue I, Series 2009, 5.25% 2016 | 2,000 | 2,150 |
| Educational Fncg. Auth., Education Loan Rev. Bonds, Issue J, Series 2012, AMT, 5.00% 2020 | 3,635 | 3,998 |
| G.O. Ref. Bonds, Series 2008-A, 5.00% 2014 | 3,000 | 3,086 |
| Health and Educational Facs. Auth., Rev. Bonds (Baystate Medical Center Issue), | | |
| Series 2009-K-2, 5.00% 2039 (put 2015) | 2,300 | 2,440 |
| Health and Educational Facs. Auth., Rev. Ref. Bonds (CareGroup Issue), Series 2008-E-2, 5.00% 2017 | 5,000 | 5,692 |
| Housing Fin. Agcy., Single-family Housing Rev. Bonds, Series 167, 4.00% 2043 | 1,000 | 1,078 |
| Massachusetts Bay Transportation Auth., Sales Tax Rev. Ref. Bonds, Series 2004-B, 5.25% 2015 | 2,500 | 2,680 |
| Massachusetts Bay Transportation Auth., Sales Tax Rev. Ref. Bonds, Series 2004-C, 5.25% 2014 | 3,000 | 3,064 |
| Massachusetts Bay Transportation Auth., Sales Tax Rev. Ref. Bonds, Series 2004-C, 5.50% 2018 | 3,000 | 3,582 |
| Port Auth., Rev. Bonds, Series 2012-A, AMT, 4.00% 2020 | 525 | 572 |
| Port Auth., Rev. Bonds, Series 2012-A, AMT, 5.00% 2019 | 465 | 543 |
| Port Auth., Rev. Bonds, Series 2012-A, AMT, 5.00% 2021 | 305 | 352 |
| Port Auth., Special Facs. Rev. Ref. Bonds (BOSFUEL Project), Series 2007, AMT, FGIC-National | | |
| insured, 5.00% 2015 | 1,000 | 1,052 |
| School Building Auth., Dedicated Sales Tax Rev. Ref. Bonds, Series 2012-B, 5.00% 2019 | 3,000 | 3,581 |
| Special Obligation Dedicated Tax Rev. Ref. Bonds, Series 2005, FGIC-National insured, 5.00% 2020 | 2,580 | 2,990 |
| | | 44,060 |
| | | |
| Michigan 4.17% | | |
| | | |
| City of Detroit, Water and Sewerage Dept., Sewage Disposal System Rev. Ref. Bonds, Series 2012-A, | | |
| Assured Guaranty Municipal insured, 5.00% 2018 | 1,500 | 1,506 |
| School Dist. of the City of Detroit (Wayne County), School Building and Site Improvement Ref. Bonds | | |
| (Unlimited Tax G.O.), Series 2012-A, 5.00% 2019 | 1,200 | 1,344 |
| Fin. Auth., Rev. Bonds (School Dist. of the City of Detroit), Series 2011, 5.50% 2021 | 3,500 | 3,919 |
| Fin. Auth., Hospital Rev. Ref. Bonds (Oakwood Obligated Group), Series 2012, 5.00% 2022 | 5,000 | 5,562 |
| Fin. Auth., Unemployment Obligation Assessment Rev. Ref. Bonds, Series 2012-A, 5.00% 2018 | 5,000 | 5,870 |
| G.O. Bonds (Environmental Program and Ref.), Series 2008-A, 5.00% 2018 | 5,000 | 5,831 |
| G.O. Bonds (Environmental Program and Ref.), Series 2008-A, 5.00% 2019 | 4,500 | 5,174 |
| Hospital Fin. Auth., Hospital Rev. Ref. Bonds (Henry Ford Health System), Series 2006-A, 5.00% 2015 | 2,000 | 2,124 |
| Hospital Fin. Auth., Hospital Rev. Ref. Bonds (Henry Ford Health System), Series 2009, 5.50% 2017 | 1,000 | 1,130 |
| Hospital Fin. Auth., Hospital Rev. Ref. Bonds (McLaren Health Care), Series 2012-A, 5.00% 2021 | 2,000 | 2,321 |
| Hospital Fin. Auth., Rev. Ref. Bonds (McLaren Health Care), Series 2008-A, 5.25% 2016 | 3,000 | 3,311 |
| Hospital Fin. Auth., Rev. Ref. Bonds (Trinity Health Credit Group), Series 2008-A, 6.00% 2034 (put 2017) | 4,000 | 4,736 |
| Kent Hospital Fin. Auth., Rev. Ref. Bonds (Spectrum Health System), Series 2008-A, 5.50% 2047 (put 2015) | 2,000 | 2,097 |
| Kent Hospital Fin. Auth., Rev. Ref. Bonds (Spectrum Health System), Series 2011-A, 5.00% 2017 | 1,500 | 1,711 |
| Municipal Bond Auth., State Revolving Fund and Clean Water Revolving Fund Rev. Ref. Bonds, | | |
| Series 2002, 5.50% 2015 | 3,315 | 3,605 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Michigan (continued) | (000) | (000) |
| | | |
| Public Power Agcy., Rev. Ref. Bonds (Belle River Project), Series 2002-A, National insured, 5.25% 2018 | $ 6,000 | $ 6,859 |
| City of Royal Oak Hospital Fin. Auth., Hospital Rev. Ref. Bonds (William Beaumont Hospital Obligated Group), | | |
| Series 2009-V, 6.25% 2014 | 5,200 | 5,372 |
| City of Saginaw Hospital Fin. Auth., Hospital Rev. Ref. Bonds (Covenant Medical Center, Inc.), | | |
| Series 2004-G, 5.00% 2017 | 1,000 | 1,014 |
| City of Saginaw Hospital Fin. Auth., Hospital Rev. Ref. Bonds (Covenant Medical Center, Inc.), | | |
| Series 2010-H, 5.00% 2020 | 2,400 | 2,693 |
| State Building Auth., Rev. Ref. Bonds (Facs. Program), Series 2008-I, 5.50% 2017 | 6,500 | 7,554 |
| State Hospital Fin. Auth., Project Rev. Ref. Bonds (Ascension Health Credit Group), Series 2010-B, 5.00% 2019 | 2,000 | 2,348 |
| Strategic Fund, Limited Obligation Rev. Ref. Bonds (Detroit Edison Co. Exempt Facs. Project), | | |
| Series 2008-ET-2, 5.50% 2029 (put 2016) | 7,000 | 7,689 |
| Wayne County Airport Auth., Airport Rev. Bonds (Detroit Metropolitan Wayne County Airport), | | |
| Series 2005, AMT, National insured, 5.25% 2016 | 3,000 | 3,229 |
| Wayne County Airport Auth., Airport Rev. Bonds (Detroit Metropolitan Wayne County Airport), | | |
| Series 2007, AMT, FGIC-National insured, 5.00% 2018 | 1,000 | 1,093 |
| Wayne County Airport Auth., Airport Rev. Ref. Bonds (Detroit Metropolitan Wayne County Airport), | | |
| Series 2008-A, AMT, Assured Guaranty insured, 5.25% 2018 | 1,465 | 1,610 |
| Wayne County Airport Auth., Airport Rev. Ref. Bonds (Detroit Metropolitan Wayne County Airport), | | |
| Series 2010-A, AMT, 5.00% 2017 | 4,365 | 4,844 |
| Wayne County Airport Auth., Airport Rev. Ref. Bonds (Detroit Metropolitan Wayne County Airport), | | |
| Series 2010-A, AMT, 5.00% 2018 | 1,990 | 2,220 |
| Wayne County Airport Auth., Airport Rev. Ref. Bonds (Detroit Metropolitan Wayne County Airport), | | |
| Series 2011-A, AMT, 5.00% 2019 | 1,000 | 1,114 |
| Wayne County Airport Auth., Airport Rev. Ref. Bonds (Detroit Metropolitan Wayne County Airport), | | |
| Series 2011-A, AMT, 5.00% 2020 | 10,000 | 11,018 |
| Wayne County Airport Auth., Airport Rev. Ref. Bonds (Detroit Metropolitan Wayne County Airport), | | |
| Series 2011-B, 5.00% 2019 | 1,000 | 1,143 |
| Wayne County Airport Auth., Airport Rev. Ref. Bonds (Detroit Metropolitan Wayne County Airport), | | |
| Series 2012-D, AMT, 5.00% 2018 | 5,490 | 6,124 |
| Wayne County Airport Auth., Airport Rev. Ref. Bonds (Detroit Metropolitan Wayne County Airport), | | |
| Series 2012-D, AMT, 5.00% 2019 | 3,560 | 3,965 |
| Board of Governors of Wayne State University, General Rev. Ref. Bonds, Series 2009-A, 5.00% 2014 | 1,050 | 1,089 |
| Board of Governors of Wayne State University, General Rev. Ref. Bonds, Series 2009-A, 5.00% 2016 | 3,235 | 3,617 |
| | | 124,836 |
| | | |
| Minnesota 0.28% | | |
| | | |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2006-I, AMT, 5.75% 2038 | 515 | 521 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2007-L, AMT, 5.50% 2048 | 745 | 780 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2012-D, 4.00% 2040 | 835 | 895 |
| Minneapolis-St. Paul Metropolitan Airports Commission, Airport Rev. Ref. Bonds, Series 2010-D, AMT, 5.00% 2018 | 4,460 | 5,036 |
| Regents of the University of Minnesota, G.O. Bonds, Series 2009-C, 5.00% 2018 | 1,000 | 1,184 |
| | | 8,416 |
| | | |
| Mississippi 0.31% | | |
| | | |
| Dev. Bank, Special Obligation Rev. Ref. Bonds (Madison County, Mississippi Highway Ref. Project), | | |
| Series 2013-C, 5.00% 2020 | 1,750 | 2,040 |
| Jackson State University Educational Building Corp., Rev. Bonds (Campus Facs. Project), Series 2007, | | |
| Assured Guaranty Municipal insured, 5.00% 2034 (put 2015) | 6,850 | 7,165 |
| | | 9,205 |
| | | |
| Missouri 0.84% | | |
| | | |
| Industrial Dev. Auth. of the County of Cape Girardeau, Health Facs. Rev. Bonds (Southeast Missouri | | |
| Hospital Assn.), Series 2007, 5.00% 2016 | 1,000 | 1,065 |
| | | |
| | | |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Missouri (continued) | (000) | (000) |
| | | |
| Health and Educational Facs. Auth., Senior Living Facs. Rev. Ref. Bonds (Lutheran Senior Services), | | |
| Series 2007-A, 5.00% 2014 | $1,300 | $ 1,300 |
| Health and Educational Facs. Auth., Senior Living Facs. Rev. Ref. Bonds (Lutheran Senior Services), | | |
| Series 2007-A, 5.00% 2015 | 1,365 | 1,411 |
| Health and Educational Facs. Auth., Senior Living Facs. Rev. Ref. Bonds (Lutheran Senior Services), | | |
| Series 2007-A, 5.00% 2016 | 1,440 | 1,531 |
| Health and Educational Facs. Auth., Senior Living Facs. Rev. Ref. Bonds (Lutheran Senior Services), | | |
| Series 2007-A, 5.00% 2017 | 1,510 | 1,643 |
| Highways and Transportation Commission, Rev. Ref. State Road Bonds, Series 2006, 5.00% 2018 | 2,700 | 3,143 |
| Industrial Dev. Auth. of the City of Lee's Summit, Senior Living Facs. Rev. Ref. Bonds (John Knox Village | | |
| Obligated Group), Series 2007-A, 5.00% 2015 | 2,240 | 2,358 |
| Industrial Dev. Auth. of the City of Lee's Summit, Senior Living Facs. Rev. Ref. Bonds (John Knox Village | | |
| Obligated Group), Series 2007-A, 5.00% 2016 | 2,300 | 2,484 |
| Industrial Dev. Auth. of the City of Lee's Summit, Senior Living Facs. Rev. Ref. Bonds (John Knox Village | | |
| Obligated Group), Series 2007-A, 5.00% 2017 | 2,420 | 2,661 |
| City of St. Louis, Airport Rev. Ref. Bonds (Lambert-St. Louis International Airport), Series 2007-A, | | |
| Assured Guaranty Municipal insured, 5.00% 2021 | 2,000 | 2,213 |
| City of St. Louis, Airport Rev. Ref. Bonds (Lambert-St. Louis International Airport), Series 2007-B, AMT, | | |
| Assured Guaranty Municipal insured, 5.00% 2015 | 1,260 | 1,333 |
| City of St. Louis, Airport Rev. Ref. Bonds (Lambert-St. Louis International Airport), Series 2011-B, 5.00% 2015 | 1,500 | 1,593 |
| Public Building Corp. of the City of Springfield, Leasehold Rev. Improvement Bonds (Springfield-Branson | | |
| National Airport Terminal Project), Series 2006-B, AMT, AMBAC insured, 5.00% 2015 | 2,480 | 2,638 |
| | | 25,373 |
| | | |
| Montana 0.01% | | |
| | | |
| Board of Housing, Single-family Mortgage Bonds, Series 2006-B, AMT, 5.50% 2037 | 180 | 184 |
| Nebraska 0.34% | | |
| | | |
| Hospital Auth. No. 3 of Douglas County, Health Facs. Rev. Ref. Bonds (Methodist Health System), | | |
| Series 2008, 5.50% 2018 | 4,130 | 4,446 |
| Investment Fin. Auth., Single-family Housing Rev. Bonds, Series 2013-A, 3.00% 2043 | 1,485 | 1,539 |
| Public Power Dist., General Rev. Ref. Bonds, Series 2005-B-1, FGIC-National insured, 5.00% 2015 | 2,875 | 3,002 |
| Public Power Dist., General Rev. Ref. Bonds, Series 2012-A, 4.00% 2020 | 1,000 | 1,123 |
| | | 10,110 |
| | | |
| Nevada 2.30% | | |
| | | |
| Clark County School Dist., G.O. (Limited Tax) Building Bonds, Series 2005-C, Assured Guaranty | | |
| Municipal insured, 5.00% 2015 | 2,500 | 2,662 |
| Clark County School Dist., G.O. (Limited Tax) Building Bonds, Series 2005-C, Assured Guaranty | | |
| Municipal insured, 5.00% 2018 | 2,000 | 2,155 |
| Clark County School Dist., G.O. (Limited Tax) Building Bonds, Series 2007-C, 5.00% 2017 | 2,500 | 2,852 |
| Clark County School Dist., G.O. (Limited Tax) Building Bonds, Series 2008-A, 5.00% 2021 | 1,000 | 1,117 |
| Clark County Water Reclamation Dist., G.O. (Limited Tax) Water Reclamation Bonds, Series 2009-B, 5.00% 2016 | 2,660 | 2,946 |
| Clark County, Airport System Rev. Bonds, Series 2004-A-1, AMT, FGIC-National insured, 5.50% 2017 | 1,000 | 1,021 |
| Clark County, Airport System Rev. Bonds, Series 2010-D, 5.00% 2021 | 1,500 | 1,695 |
| Clark County, Las Vegas-McCarran International Airport, Passenger Fac. Charge Rev. Bonds, | | |
| Series 2007-A-1, AMT, AMBAC insured, 5.00% 2022 | 2,000 | 2,193 |
| Clark County, Las Vegas-McCarran International Airport, Passenger Fac. Charge Rev. Bonds, | | |
| Series 2007-A-1, AMT, AMBAC insured, 5.00% 2023 | 1,000 | 1,080 |
| Clark County, Las Vegas-McCarran International Airport, Passenger Fac. Charge Rev. Bonds, | | |
| Series 2007-A-1, AMT, AMBAC insured, 5.00% 2024 | 2,000 | 2,153 |
| Clark County, Highway Rev. (Motor Vehicle Fuel Tax) Improvement and Ref. Bonds, | | |
| Series 2007, AMBAC insured, 5.00% 2020 | 4,500 | 5,050 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Nevada (continued) | (000) | (000) |
| | | |
| Clark County, Highway Rev. (Motor Vehicle Fuel Tax) Ref. Bonds, Series 2011, 5.00% 2020 | $12,320 | $ 14,434 |
| Clark County, Jet Aviation Fuel Tax Rev. Ref. Bonds, Series 2013-A, AMT, 5.00% 2022 | 2,810 | 3,126 |
| Clark County, Jet Aviation Fuel Tax Rev. Ref. Bonds, Series 2013-A, AMT, 5.00% 2023 | 1,000 | 1,098 |
| Clark County, Sales and Excise Tax Rev. (Streets and Highway Projects) Improvement and Ref. Bonds, | | |
| Series 2010-B, 5.00% 2019 | 3,000 | 3,516 |
| G.O. (Limited Tax) Capital Improvement and Cultural Affairs Ref. Bonds, Series 2008-C, 5.00% 2018 | 3,320 | 3,873 |
| City of Henderson, Local Improvement Dist. No. T-14 (Anthem Master Planned Community), | | |
| Limited Obligation Ref. Bonds, Series 2007-A, Assured Guaranty Municipal insured, 5.00% 2016 | 1,785 | 1,897 |
| Highway Improvement Rev. Bonds (Motor Vehicle Fuel Tax), Series 2008, 5.00% 2017 | 4,000 | 4,624 |
| Las Vegas Valley Water Dist., G.O. (Limited Tax) Ref. Bonds, Series 2011-C, 5.00% 2019 | 7,760 | 9,098 |
| Las Vegas Valley Water Dist., G.O. (Limited Tax) Water and Ref. Bonds, Series 2009-D, 5.00% 2018 | 1,000 | 1,159 |
| Las Vegas Valley Water Dist., G.O. (Limited Tax) Water Bonds, Series 2012-B, 5.00% 2020 | 1,080 | 1,266 |
| Rural Housing Auth., Single-family Mortgage Rev. Bonds (Mortgage-backed Securities Program), | | |
| Series 2007-B, AMT, 5.70% 2041 | 320 | 324 |
| | | 69,339 |
| | | |
| New Jersey 2.30% | | |
| | | |
| Certs. of Part., Series 2004-A, 5.00% 2015 | 2,000 | 2,035 |
| Certs. of Part., Series 2008-A, 5.00% 2015 | 1,500 | 1,595 |
| Certs. of Part., Series 2008-A, 5.00% 2018 | 1,000 | 1,153 |
| Econ. Dev. Auth., School Facs. Construction Rev. Ref. Bonds, Series 2010-DD-1, 5.00% 2017 | 5,000 | 5,765 |
| Educational Facs. Auth., Rev. Ref. Bonds (Kean University Issue), Series 2009-A, 5.00% 2017 | 2,500 | 2,854 |
| G.O. Ref. Bonds, Series Q, 5.00% 2020 | 2,650 | 3,154 |
| Health Care Facs. Fncg. Auth., Rev. Ref. Bonds (Barnabas Health Issue), Series 2012-A, 5.00% 2022 | 750 | 838 |
| Health Care Facs. Fncg. Auth., Rev. Ref. Bonds (Barnabas Health Issue), Series 2012-A, 5.00% 2023 | 1,000 | 1,100 |
| Higher Education Student Assistance Auth., Student Loan Rev. Bonds, Series 2009-A, 5.00% 2017 | 3,500 | 3,877 |
| Higher Education Student Assistance Auth., Student Loan Rev. Bonds, Series 2010-2, 5.00% 2017 | 2,000 | 2,223 |
| Higher Education Student Assistance Auth., Student Loan Rev. Bonds, Series 2011-A-1, AMT, 0.539% 20201 | 170 | 169 |
| Higher Education Student Assistance Auth., Student Loan Rev. Bonds, Series 2012-1A, AMT, 5.00% 2021 | 4,000 | 4,397 |
| Higher Education Student Assistance Auth., Student Loan Rev. Bonds, Series 2013-1-A, AMT, 5.00% 2019 | 2,000 | 2,232 |
| Higher Education Student Assistance Auth., Student Loan Rev. Bonds, Series 2013-1-A, AMT, 5.00% 2022 | 1,000 | 1,089 |
| Higher Education Student Assistance Auth., Student Loan Rev. Ref. Bonds, Series 2010-1A, 5.25% 2019 | 1,000 | 1,143 |
| Higher Education Student Assistance Auth., Student Loan Rev. Ref. Bonds, Series 2011-1, AMT, 5.00% 2017 | 2,500 | 2,758 |
| Higher Education Student Assistance Auth., Student Loan Rev. Ref. Bonds, Series 2011-1, AMT, 5.00% 2019 | 2,500 | 2,760 |
| Rutgers State University, G.O. Bonds (State University of New Jersey), Series 2009-F, 5.00% 2019 | 1,000 | 1,179 |
| Transit Corp., Certs. of Part., Series 2003-A, AMBAC insured, 5.25% 2014 | 8,000 | 8,244 |
| Transportation Trust Fund Auth., Transportation System Bonds, Series 1999-A, 5.75% 2017 | 5,000 | 5,820 |
| Transportation Trust Fund Auth., Transportation System Rev. Ref. Bonds, Current Interest Bonds, | | |
| Series 2006-A, 5.50% 2021 | 4,070 | 4,875 |
| Transportation Trust Fund Auth., Transportation System Rev. Ref. Bonds, Series 2003-B-2, 5.00% 2016 | 2,500 | 2,815 |
| Transportation Trust Fund Auth., Transportation System Rev. Ref. Bonds, Series 2003-B-2, 5.00% 2017 | 2,500 | 2,888 |
| Turnpike Auth., Turnpike Rev. Ref. Bonds, Series 2013-D, 0.72% 2024 (put 2018)1 | 2,000 | 2,008 |
| Turnpike Auth., Turnpike Rev. Ref. Bonds, Series 2013-E, 0.72% 2024 (put 2018)1 | 2,375 | 2,380 |
| | | 69,351 |
| | | |
| New Mexico 0.08% | | |
| | | |
| Fin. Auth., State Transportation Rev. Ref. Bonds, Series 2010-B, 5.00% 2020 | 1,000 | 1,195 |
| Mortgage Fin. Auth., Single-family Mortgage Program Bonds, Series 2009-C-2, Class I, 5.70% 2040 | 635 | 662 |
| Mortgage Fin. Auth., Single-family Mortgage Program Rev. Ref. Bonds, Series 2009-B-2, Class I, 5.65% 2039 | 605 | 659 |
| | | 2,516 |
| | | |
| New York 8.34% | | |
| | | |
| City of Albany Industrial Dev. Agcy., Civic Fac. Rev. Ref. Bonds (St. Peter's Hospital of the City of Albany Project), | | |
| Series 2008-A, 5.25% 2017 | 1,500 | 1,727 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| New York (continued) | (000) | (000) |
| | | |
| Dormitory Auth., City University System, Consolidated Fifth General Resolution Rev. Ref. Bonds, | | |
| Series 2008-B, 5.00% 2017 | $4,550 | $5,187 |
| Dormitory Auth., Mental Health Services Facs. Improvement Rev. Ref. Bonds, Series 2009-A-1, 5.50% 2018 | 2,500 | 2,936 |
| Dormitory Auth., Mental Health Services Facs. Improvement Rev. Ref. Bonds, Series 2010-A, 5.00% 2019 | 2,995 | 3,531 |
| Dormitory Auth., Mental Health Services Facs. Improvement Rev. Ref. Bonds, | | |
| Series 2010-A, 5.00% 2019 (escrowed to maturity) | 5 | 6 |
| Dormitory Auth., Mount Sinai Hospital Obligated Group Rev. Ref. Bonds, Series 2010-A, 5.00% 2018 | 2,000 | 2,292 |
| Dormitory Auth., State Personal Income Tax Rev. Bonds (Education), Series 2009-A, 5.00% 2020 | 2,000 | 2,324 |
| Dormitory Auth., State Personal Income Tax Rev. Bonds (General Purpose), Series 2011-A, 5.00% 2017 | 2,500 | 2,842 |
| Dormitory Auth., State Personal Income Tax Rev. Bonds (General Purpose), Series 2011-A, 5.00% 2019 | 5,000 | 5,903 |
| Dormitory Auth., State Personal Income Tax Rev. Ref. Bonds (General Purpose), Series 2012-A, 5.00% 2022 | 2,000 | 2,377 |
| Dormitory Auth., State University Educational Facs. Rev. Ref. Bonds. Series 2000-C, Assured Guaranty | | |
| Municipal insured, 5.75% 2017 | 1,475 | 1,711 |
| Dormitory Auth., Third General Resolution Rev. Ref. Bonds (State University Educational Facs. Issue), | | |
| Series 2012-A, 5.00% 2018 | 3,000 | 3,495 |
| Dormitory Auth., Third General Resolution Rev. Ref. Bonds (State University Educational Facs. Issue), | | |
| Series 2012-A, 5.00% 2020 | 1,000 | 1,187 |
| Environmental Facs. Corp., State Clean Water and Drinking Water Rev. Second Resolution Bonds | | |
| (New York City Municipal Water Fin. Auth. Projects), Series 2009-A, 5.00% 2017 | 2,500 | 2,863 |
| Erie County Industrial Dev. Agcy., School Fac. Rev. Bonds (City School Dist. of the City of Buffalo Project), | | |
| Series 2011-A, 5.00% 2020 | 4,780 | 5,625 |
| Erie County Industrial Dev. Agcy., School Fac. Rev. Ref. Bonds (City School Dist. of the City of Buffalo Project), | | |
| Series 2012-A, 5.00% 2020 | 2,770 | 3,256 |
| Town of Hempstead Local Dev. Corp., Rev. Bonds (Hofstra University Project), Series 2011, 5.00% 2025 | 1,670 | 1,830 |
| Long Island Power Auth., Electric System General Rev. Ref. Bonds, Series 2006-E, 5.00% 2017 | 2,500 | 2,768 |
| Long Island Power Auth., Electric System General Rev. Ref. Bonds, Series 2009-A, 5.25% 2020 | 2,005 | 2,234 |
| Long Island Power Auth., Electric System General Rev. Ref. Bonds, Series 2009-A, 5.25% 2021 | 2,000 | 2,222 |
| Metropolitan Transportation Auth., Dedicated Tax Fund Bonds, Series 2009-B, 5.00% 2018 | 500 | 586 |
| Metropolitan Transportation Auth., Dedicated Tax Fund Rev. Ref. Bonds, Series 2002-B-3A, 0.79% 20171 | 4,000 | 4,021 |
| Metropolitan Transportation Auth., State Service Contract Rev. Ref. Bonds, Series 2002-A, 5.50% 2017 | 5,000 | 5,799 |
| Metropolitan Transportation Auth., State Service Contract Rev. Ref. Bonds, | | |
| Series 2002-A, National insured, 5.75% 2017 | 1,500 | 1,719 |
| Metropolitan Transportation Auth., Transportation Rev. Bonds, Series 2003-B, | | |
| FGIC-National insured, 5.25% 2020 | 5,500 | 6,511 |
| Metropolitan Transportation Auth., Transportation Rev. Bonds, Series 2008-C, 5.50% 2018 | 8,500 | 9,450 |
| Metropolitan Transportation Auth., Transportation Rev. Bonds, Series 2012-E, 5.00% 2020 | 3,250 | 3,796 |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Bonds, Series 2002-G-1H, 0.964% 2026 (put 2016)1 | 2,650 | 2,671 |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Bonds, Series 2011-C, 5.00% 2018 | 1,105 | 1,288 |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Bonds, Series 2012-D, 5.00% 2020 | 7,000 | 8,177 |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Bonds, Series 2012-F, 5.00% 2021 | 1,000 | 1,163 |
| Mortgage Agcy., Mortgage Rev. Ref. Bonds, Series 48, 2.625% 2041 | 500 | 516 |
| City of New York, G.O. Bonds, Fiscal 2008 Series J-4, 0.59% 20251 | 6,325 | 6,334 |
| City of New York, G.O. Bonds, Fiscal 2009 Series H-1, 5.00% 2016 | 2,000 | 2,191 |
| City of New York, G.O. Bonds, Fiscal 2011 Series B, 5.00% 2015 | 3,500 | 3,750 |
| City of New York, G.O. Bonds, Fiscal 2011 Series I-1, 5.00% 2017 | 5,000 | 5,708 |
| City of New York, G.O. Bonds, Fiscal 2012 Series I, 5.00% 2020 | 5,000 | 5,890 |
| City of New York, G.O. Bonds, Series 2014-G, 5.00% 2023 | 1,500 | 1,750 |
| New York City Housing Dev. Corp., Multi-family Housing Rev. Bonds, Series 2007-B-1, AMT, 4.70% 2015 | 615 | 648 |
| New York City Housing Dev. Corp., Multi-family Housing Rev. Bonds, Series 2007-B-1, AMT, 4.75% 2016 | 635 | 686 |
| New York City Industrial Dev. Agcy., Special Fac. Rev. Ref. Bonds (Terminal One Group Assn., LP Project), | | |
| Series 2005, AMT, 5.50% 2015 | 2,485 | 2,595 |
| New York City Industrial Dev. Agcy., Special Fac. Rev. Ref. Bonds (Terminal One Group Assn., LP Project), | | |
| Series 2005, AMT, 5.50% 2016 | 7,025 | 7,612 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| New York (continued) | (000) | (000) |
| | | |
| New York City Industrial Dev. Agcy., Special Fac. Rev. Ref. Bonds (Terminal One Group Assn., LP Project), | | |
| Series 2005, AMT, 5.50% 2024 | $ 2,000 | $ 2,142 |
| New York City Municipal Water Fin. Auth., Water and Sewer System Second General Resolution Rev. Bonds, | | |
| Fiscal 2009 Series EE, 5.00% 2018 | 2,500 | 2,917 |
| New York City Municipal Water Fin. Auth., Water and Sewer System Second General Resolution Rev. Ref. | | |
| Bonds, Fiscal 2009 Series FF-1, 5.00% 2018 | 2,000 | 2,334 |
| New York City Transitional Fin. Auth., Building Aid Rev. Bonds, Fiscal 2009 Series S-4, 5.00% 2018 | 2,545 | 2,931 |
| New York City Transitional Fin. Auth., Building Aid Rev. Bonds, Fiscal 2009 Series S-5, 5.00% 2017 | 2,500 | 2,813 |
| New York City Transitional Fin. Auth., Building Aid Rev. Bonds, Fiscal 2013 Series S-1, 5.00% 2019 | 1,000 | 1,178 |
| New York City Transitional Fin. Auth., Building Aid Rev. Bonds, Fiscal 2013 Series S-1, 5.00% 2021 | 650 | 765 |
| New York City Transitional Fin. Auth., Future Tax Secured Rev. Ref. Bonds, Fiscal 2003 Series A-1, 5.00% 2022 | 1,305 | 1,530 |
| New York City Transitional Fin. Auth., Multi-Modal Rev. Ref. Bonds, Series 2011-B, 5.00% 2022 | 1,750 | 2,042 |
| New York City, Health and Hospitals Corp., Health System Rev. Ref. Bonds, Series 2008-A, 5.00% 2017 | 2,000 | 2,253 |
| New York City, Health and Hospitals Corp., Health System Rev. Ref. Bonds, Series 2008-A, 5.50% 2019 | 4,000 | 4,557 |
| New York City, Health and Hospitals Corp., Health System Rev. Ref. Bonds, Series 2010-A, 5.00% 2017 | 6,180 | 6,981 |
| New York City, Health and Hospitals Corp., Health System Rev. Ref. Bonds, Series 2010-A, 5.00% 2021 | 1,500 | 1,708 |
| Port Auth., Consolidated Rev. Ref. Bonds, Series 136, AMT, National insured, 5.00% 2021 | 2,000 | 2,041 |
| Port Auth., Consolidated Rev. Ref. Bonds, Series 167, AMT, 5.00% 2020 | 4,790 | 5,621 |
| Port Auth., Consolidated Rev. Ref. Bonds, Series 167, AMT, 5.00% 2021 | 3,420 | 3,949 |
| Port Auth., Consolidated Rev. Ref. Bonds, Series 169, AMT, 5.00% 2015 | 2,000 | 2,156 |
| Port Auth., Consolidated Rev. Ref. Bonds, Series 169, AMT, 5.00% 2020 | 5,000 | 5,870 |
| Port Auth., Consolidated Rev. Ref. Bonds, Series 172, AMT, 5.00% 2022 | 2,210 | 2,537 |
| Suffolk County Econ. Dev. Corp., Rev. Ref. Bonds (Catholic Health Services of Long Island Obligated | | |
| Group Project), Series 2011, 5.00% 2019 | 3,000 | 3,422 |
| Thruway Auth., General Rev. Bonds, Series I, 5.00% 2020 | 2,000 | 2,347 |
| Thruway Auth., General Rev. Bonds, Series I, 5.00% 2021 | 4,000 | 4,683 |
| Thruway Auth., General Rev. Junior Indebtedness Obligations Series 2013-A, 5.00% 2019 | 1,000 | 1,164 |
| Thruway Auth., Local Highway and Bridge Service Contract Rev. Ref. Bonds, Series 2009, 5.00% 2017 | 10,000 | 11,361 |
| Thruway Auth., Second General Highway and Bridge Trust Fund Rev. Ref. Bonds, Series 2005-B, | | |
| AMBAC insured, 5.00% 2019 | 1,580 | 1,701 |
| Thruway Auth., Second General Highway and Bridge Trust Fund Rev. Ref. Bonds, Series 2009-A-1, 5.00% 2018 | 4,000 | 4,647 |
| Thruway Auth., State Personal Income Tax Rev. Bonds (Transportation), Series 2009-A, 5.00% 2016 | 1,250 | 1,374 |
| Tobacco Settlement Fncg. Corp., Asset-Backed Rev. Bonds, Series 2013-B, 5.00% 2021 | 1,000 | 1,091 |
| Tobacco Settlement Fncg. Corp., Rev. Ref. Bonds (State Contingency Contract Secured), | | |
| Series 2011-B, 5.00% 2017 | 2,000 | 2,279 |
| Tobacco Settlement Fncg. Corp., Rev. Ref. Bonds (State Contingency Contract Secured), | | |
| Series 2011-B, 5.00% 2018 | 2,500 | 2,898 |
| Urban Dev. Corp., Service Contract Rev. Ref. Bonds, Series 2008-B, 5.00% 2017 | 2,500 | 2,818 |
| Urban Dev. Corp., State Personal Income Tax Rev. Bonds (Econ. Dev. and Housing), Series 2009-A-1, 5.00% 2017 | 1,000 | 1,161 |
| Urban Dev. Corp., State Personal Income Tax Rev. Bonds (General Purpose), Series 2013-C, 5.00% 2021 | 5,000 | 5,936 |
| Urban Dev. Corp., State Personal Income Tax Rev. Bonds (General Purpose), Series 2013-D, 5.00% 2021 | 5,000 | 5,936 |
| Westchester County Health Care Corp., Rev. Bonds, Series 2010-B, 5.00% 2017 | 2,500 | 2,822 |
| | | 251,142 |
| | | |
| North Carolina 0.57% | | |
| | | |
| Eastern Municipal Power Agcy., Power System Rev. Ref. Bonds, Series 2008-A, 5.00% 2016 | 2,000 | 2,172 |
| Eastern Municipal Power Agcy., Power System Rev. Ref. Bonds, Series 2009-B, 5.00% 2017 | 1,500 | 1,684 |
| Municipal Power Agcy. No. 1, Catawba Electric Rev. Ref. Bonds, Series 2008-A, 5.25% 2017 | 3,000 | 3,398 |
| Municipal Power Agcy. No. 1, Catawba Electric Rev. Ref. Bonds, Series 2010-A, 5.00% 2021 | 2,500 | 2,881 |
| Onslow County Hospital Auth., FHA insured Mortgage Rev. Ref. Bonds (Onslow Memorial Hospital Project), | | |
| Series 2006, National insured, 5.00% 2015 | 740 | 786 |
| Dept. of State Treasurer, Grant Anticipation Rev. Vehicle Bonds, Series 2009, 5.00% 2018 | 1,590 | 1,841 |
| Dept. of State Treasurer, Grant Anticipation Rev. Vehicle Bonds, Series 2011, 4.00% 2023 (put 2018) | 4,000 | 4,373 |
| | | 17,135 |
| | | |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| North Dakota 0.04% | (000) | (000) |
| | | |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2012-A, 3.75% 2042 | $1,180 | $ 1,229 |
| Ohio 3.31% | | |
| | | |
| Air Quality Dev. Auth., Pollution Control Rev. Ref. Bonds (FirstEnergy Generation Corp. Project), | | |
| Series 2009-A, 5.70% 2014 | 7,500 | 7,500 |
| Air Quality Dev. Auth., Pollution Control Rev. Ref. Bonds (FirstEnergy Generation Corp. Project), | | |
| Series 2009-C, 5.625% 2018 | 4,875 | 5,404 |
| Air Quality Dev. Auth., Pollution Control Rev. Ref. Bonds (FirstEnergy Nuclear Generation Corp. Project), | | |
| Series 2009-A, 5.75% 2033 (put 2016) | 2,500 | 2,706 |
| Air Quality Dev. Auth., Rev. Ref. Bonds (Ohio Power Co. Project), Series 2010-A, 3.25% 2041 (put 2014) | 2,000 | 2,014 |
| County of Allen, Hospital Facs. Rev. Ref. and Improvement Bonds (Catholic Health Partners), | | |
| Series 2012-A, 5.00% 2021 | 2,250 | 2,579 |
| County of Allen, Hospital Facs. Rev. Ref. and Improvement Bonds (Catholic Health Partners), | | |
| Series 2012-A, 5.00% 2022 | 3,300 | 3,758 |
| County of Allen, Hospital Facs. Rev. Ref. Bonds (Catholic Healthcare Partners), Series 2010-B, 5.00% 2019 | 2,500 | 2,921 |
| American Municipal Power – Ohio, Inc., Prairie State Energy Campus Project Rev. Ref. Bonds, | | |
| Series 2008-A, 5.00% 2017 | 1,500 | 1,685 |
| Building Auth., State Facs. Rev. Ref. Bonds (Adult Correctional Building Fund Projects), | | |
| Series 2010-A, 5.00% 2020 | 2,975 | 3,541 |
| City of Cleveland, Airport System Rev. Bonds, Series 2000-C, Assured Guaranty Municipal | | |
| insured, 5.00% 2017 | 2,200 | 2,456 |
| City of Cleveland, Airport System Rev. Ref. Bonds, Series 2006-A, AMBAC insured, 5.25% 2017 | 450 | 500 |
| City of Cleveland, Airport System Rev. Ref. Bonds, Series 2011-A, 5.00% 2020 | 3,540 | 3,973 |
| City of Cleveland, Airport System Rev. Ref. Bonds, Series 2011-A, Assured Guaranty Municipal insured, 5.00% 2021 | 2,345 | 2,670 |
| City of Cleveland, Airport System Rev. Ref. Bonds, Series A, Assured Guaranty insured, 5.25% 2019 | 5,000 | 5,748 |
| City of Cleveland, Water Rev. Ref. Bonds, Series 2009-T, 5.00% 2018 | 3,620 | 4,191 |
| County of Hamilton, Healthcare Facs. Rev. Bonds (Christ Hospital Project), Series 2012, 5.00% 2020 | 2,360 | 2,649 |
| County of Hamilton, Healthcare Facs. Rev. Bonds (Christ Hospital Project), Series 2012, 5.00% 2021 | 1,000 | 1,111 |
| Higher Education G.O. Ref. Bonds, Series 2009-A, 5.00% 2017 | 5,000 | 5,765 |
| Infrastructure Improvement G.O. Bonds, Series 2012-A, 5.00% 2019 | 4,560 | 5,396 |
| Infrastructure Improvement G.O. Ref. Bonds, Series 2011-B, 5.00% 2018 | 2,000 | 2,350 |
| Hospital Rev. Bonds (University Hospitals Health System, Inc.), Series 2009-C-2, 4.875% 2039 (put 2015) | 1,800 | 1,916 |
| Housing Fin. Agcy., Residential Mortgage Rev. Bonds, Series 2006-E, AMT, 5.375% 2037 | 880 | 919 |
| Housing Fin. Agcy., Residential Mortgage Rev. Ref. Bonds, Series 2009-C, 4.50% 2039 | 530 | 552 |
| Housing Fin. Agcy., Single-family Mortgage Rev. Bonds, Series 2010-1, 5.00% 2028 | 1,545 | 1,663 |
| County of Lake, Hospital Facs. Rev. Ref. Bonds (Lake Hospital System, Inc.), Series 2008-C, 5.00% 2017 | 1,375 | 1,542 |
| County of Lake, Hospital Facs. Rev. Ref. Bonds (Lake Hospital System, Inc.), Series 2008-C, 5.00% 2018 | 1,195 | 1,355 |
| County of Lucas, Hospital Rev. Ref. Bonds (ProMedica Healthcare Obligated Group), | | |
| Series 2005-B, AMBAC insured, 5.00% 2018 | 6,350 | 6,819 |
| Major New State Infrastructure Project Rev. Bonds, Series 2008-1, 5.75% 2019 | 1,000 | 1,178 |
| Major New State Infrastructure Project Rev. Bonds, Series 2012-1, 4.00% 2019 | 1,250 | 1,412 |
| County of Miami, Hospital Facs. Rev. Ref. and Improvement Bonds (Upper Valley Medical Center), | | |
| Series 2006, 5.25% 2014 | 1,000 | 1,014 |
| County of Miami, Hospital Facs. Rev. Ref. and Improvement Bonds (Upper Valley Medical Center), | | |
| Series 2006, 5.25% 2016 | 1,815 | 1,992 |
| Municipal Advisory Council, Beneficial Interest Rev. Ref. Certificates (Municipal Electric Generation | | |
| Agcy. Joint Venture 5 - OMEGA JV5), AMBAC insured, 5.00% 2015 | 2,290 | 2,294 |
| Public Housing Capital Fund Rev. Trust I, Trust Certificates, 4.50% 20222 | 3,232 | 3,406 |
| Turnpike Rev. Ref. Bonds, Series 2009-A, 5.00% 2015 | 2,500 | 2,623 |
| Turnpike Rev. Ref. Bonds, Series 2009-A, 5.00% 2020 | 1,000 | 1,147 |
| Water Dev. Auth., Solid Waste Rev. Bonds (Waste Management Project), Series 2004, 2.25% 2021 (put 2016) | 1,000 | 1,018 |
| | | 99,767 |
| | | |
| | | |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Oklahoma 0.29% | (000) | (000) |
| | | |
| Dev. Fin. Auth., Health System Rev. Ref. Bonds (Obligated Group Consisting of INTEGRIS Baptist | | |
| Medical Center, Inc., INTEGRIS South Oklahoma City Hospital Corp. and INTEGRIS Rural | | |
| Health, Inc.), Series 2008-C, 5.00% 2018 | $1,000 | $ 1,162 |
| Housing Fin. Agcy., Single-family Mortgage Rev. Bonds (Homeownership Loan Program), | | |
| Series 2009-B, 4.90% 2036 | 995 | 1,015 |
| Municipal Power Auth., Power Supply System Rev. Ref. Bonds, Series 2005-A, 0.84% 2023 (put 2018)1 | 1,845 | 1,851 |
| Tulsa County Industrial Auth., Health Care Rev. Bonds (St. Francis Health System, Inc.), Series 2006, 5.00% 2015 | 1,000 | 1,081 |
| Turnpike Auth., Turnpike System Rev. Ref. Bonds, Series 2011-A, 5.00% 2019 | 3,000 | 3,526 |
| | | 8,635 |
| | | |
| Oregon 0.52% | | |
| | | |
| Dept. of Administrative Services, Certs. of Part., Series 2009-A, 5.00% 2020 | 2,500 | 2,893 |
| Dept. of Administrative Services, Lottery Rev. Bonds, Series 2009-A, 5.00% 2017 | 2,000 | 2,277 |
| Facs. Auth., Rev. Ref. Bonds (Legacy Health System), Series 2010-A, 5.00% 2016 | 1,500 | 1,629 |
| Facs. Auth., Rev. Ref. Bonds (Providence Health & Services), Series 2013-C, 0.92% 2020 (put 2017)1 | 1,500 | 1,508 |
| City of Portland, Sewer System Rev. Ref. Bonds, Series 2007-A, National insured, 5.00% 2015 | 2,500 | 2,660 |
| Port of Portland, Portland International Airport Rev. Bonds, Subseries 20-C, AMT, 5.00% 2017 | 1,000 | 1,138 |
| Port of Portland, Portland International Airport Rev. Bonds, Subseries 20-C, AMT, 5.00% 2021 | 1,000 | 1,146 |
| Port of Portland, Portland International Airport Rev. Ref. Bonds, Subseries 21-B, AMT, 5.00% 2018 | 2,000 | 2,315 |
| | | 15,566 |
| | | |
| Pennsylvania 3.38% | | |
| | | |
| Allegheny County Airport Auth., Airport Rev. Bonds, Series 2012-A-1, AMT, 5.00% 2024 | 1,025 | 1,122 |
| Allegheny County Hospital Dev. Auth., University of Pittsburgh Medical Center Rev. Bonds, | | |
| Series 2008-A, 5.00% 2017 | 4,500 | 5,142 |
| Allegheny County Hospital Dev. Auth., University of Pittsburgh Medical Center Rev. Bonds, | | |
| Series 2008-A, 5.00% 2018 | 4,000 | 4,650 |
| Allegheny County Hospital Dev. Auth., University of Pittsburgh Medical Center Rev. Bonds, | | |
| Series 2008-B, 5.00% 2018 | 3,250 | 3,768 |
| Allegheny County Hospital Dev. Auth., University of Pittsburgh Medical Center Rev. Ref. Bonds, | | |
| Series 2010-A, 5.00% 2017 | 2,000 | 2,270 |
| Redev. Auth. of Allegheny County, Tax Increment Fncg. Ref. Bonds (Waterfront Project), | | |
| Series 2007-A, 4.25% 2014 | 1,405 | 1,446 |
| Redev. Auth. of Allegheny County, Tax Increment Fncg. Ref. Bonds (Waterfront Project), | | |
| Series 2007-A, 4.25% 2016 | 1,540 | 1,656 |
| Beaver County Industrial Dev. Auth., Pollution Control Rev. Ref. Bonds (FirstEnergy Generation Project), | | |
| Series 2006-A, 2.50% 2041 (put 2017) | 6,000 | 5,862 |
| Beaver County Industrial Dev. Auth., Pollution Control Rev. Ref. Bonds (FirstEnergy Nuclear Generation Project), | | |
| Series 2008-A, 2.70% 2035 (put 2018) | 2,000 | 2,002 |
| Dauphin County General Auth., Health System Rev. Ref. Bonds (Pinnacle Health System Project), | | |
| Series 2009-A, 5.25% 2017 | 2,500 | 2,769 |
| Delaware River Port Auth., Port Dist. Project Rev. Ref. Bonds, Series 2012, 5.00% 2019 | 1,740 | 1,927 |
| Delaware River Port Auth., Port Dist. Project Rev. Ref. Bonds, Series 2012, 5.00% 2022 | 1,300 | 1,419 |
| Econ. Dev. Fncg. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), | | |
| Series 2004-A, 3.70% 2021 (put 2015) | 4,900 | 5,052 |
| Econ. Dev. Fncg. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), | | |
| Series 2009, 1.75% 2033 (put 2015) | 2,000 | 2,020 |
| Econ. Dev. Fncg. Auth., Unemployment Compensation Rev. Bonds, Series 2012-A, 5.00% 2019 | 5,000 | 5,966 |
| Econ. Dev. Fncg. Auth., Unemployment Compensation Rev. Bonds, Series 2012-B, 5.00% 2020 | 5,000 | 5,856 |
| G.O. Bonds, Second Ref. Series 2009, 5.00% 2020 | 2,000 | 2,389 |
| Higher Educational Facs. Auth., Health System Rev. Ref. Bonds (University of Pennsylvania), | | |
| Series 2005-A, AMBAC insured, 5.00% 2014 | 2,000 | 2,052 |
| Higher Educational Facs. Auth., Rev. Bonds (Edinboro University Foundation Student Housing Project), | | |
| Series 2008, 5.00% 2018 | 1,275 | 1,355 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Pennsylvania (continued) | (000) | (000) |
| | | |
| Higher Educational Facs. Auth., Rev. Bonds (State System of Higher Education), Series AJ, 5.00% 2017 | $5,000 | $ 5,716 |
| Higher Educational Facs. Auth., Student Housing Rev. Bonds (University Properties, Inc. Student Housing | | |
| Project at East Stroudsburg University of Pennsylvania), Series 2010, 5.25% 2019 | 1,300 | 1,408 |
| Housing Fin. Agcy., Single-family Mortgage Rev. Bonds, Series 2006-93-A, AMT, 5.75% 2037 | 150 | 151 |
| Intergovernmental Cooperation Auth., Special Tax Rev. Ref. Bonds (City of Philadelphia Funding Program), | | |
| Series 2009, 5.00% 2016 | 2,500 | 2,766 |
| Intergovernmental Cooperation Auth., Special Tax Rev. Ref. Bonds (City of Philadelphia Funding Program), | | |
| Series 2010, 5.00% 2017 | 1,500 | 1,712 |
| Intergovernmental Cooperation Auth., Special Tax Rev. Ref. Bonds (City of Philadelphia Funding Program), | | |
| Series 2010, 5.00% 2019 | 2,000 | 2,360 |
| Montgomery County Industrial Dev. Auth., Retirement Communities Rev. Bonds (ACTS Retirement-Life | | |
| Communities, Inc. Obligated Group), Series 2009-A-1, 5.25% 2017 | 1,110 | 1,250 |
| Montgomery County Industrial Dev. Auth., Retirement Communities Rev. Bonds (ACTS Retirement-Life | | |
| Communities, Inc. Obligated Group), Series 2009-A-1, 5.50% 2018 | 935 | 1,072 |
| Montgomery County Industrial Dev. Auth., Retirement Communities Rev. Bonds (ACTS Retirement-Life | | |
| Communities, Inc. Obligated Group), Series 2009-A-1, 5.50% 2019 | 975 | 1,133 |
| Montgomery County Industrial Dev. Auth., Retirement Communities Rev. Ref. Bonds (ACTS Retirement-Life | | |
| Communities, Inc. Obligated Group), Series 2006-B, 5.00% 2015 | 2,755 | 2,935 |
| Montgomery County Industrial Dev. Auth., Retirement Communities Rev. Ref. Bonds (ACTS Retirement-Life | | |
| Communities, Inc. Obligated Group), Series 2006-B, 5.00% 2016 | 2,570 | 2,813 |
| Montgomery County Industrial Dev. Auth., Retirement Communities Rev. Ref. Bonds (ACTS Retirement-Life | | |
| Communities, Inc. Obligated Group), Series 2012, 5.00% 2023 | 2,400 | 2,513 |
| Montgomery County Industrial Dev. Auth., Retirement Communities Rev. Ref. Bonds (ACTS Retirement-Life | | |
| Communities, Inc. Obligated Group), Series 2012, 5.00% 2024 | 1,000 | 1,035 |
| City of Philadelphia, Airport Rev. Bonds, Series 2007-A, AMT, Assured Guaranty Municipal insured, 5.00% 2016 | 1,000 | 1,100 |
| City of Philadelphia, Water and Wastewater Rev. Bonds, Series 2009-A, 5.75% 2018 | 2,500 | 2,944 |
| City of Philadelphia, Water and Wastewater Rev. Bonds, Series 2009-A, 5.75% 2019 | 3,000 | 3,612 |
| Hospitals and Higher Education Facs. Auth. of Philadelphia, Hospital Rev. Bonds (Children's Hospital of | | |
| Philadelphia Project), Series 2007-A, 4.25% 2016 | 700 | 762 |
| State Public School Building Auth., School Lease Rev. Bonds (School Dist. of Philadelphia Project), | | |
| Series 2012, 5.00% 2019 | 1,000 | 1,137 |
| State Public School Building Auth., School Lease Rev. Bonds (School Dist. of Philadelphia Project), | | |
| Series 2012, 5.00% 2021 | 2,000 | 2,267 |
| Health Care Facs. Auth. of Sayre, Rev. Ref. Bonds (Guthrie Health Issue), Series 2007, 0.81% 20171 | 4,295 | 4,225 |
| | | 101,634 |
| | | |
| Puerto Rico 0.37% | | |
| | | |
| Electric Power Auth., Power Rev. Ref. Bonds, Series VV, 5.50% 2020 | 5,000 | 3,667 |
| Government Dev. Bank, Rev. Ref. Bonds, Series 2006-C, AMT, 5.25% 2015 | 1,000 | 927 |
| Industrial, Tourist, Educational, Medical and Environmental Control Facs. Fncg. Auth., Hospital Rev. and Rev. | | |
| Ref. Bonds (Hospital Auxilio Mutuo Obligated Group Project), Series 2011-A, 5.00% 2020 | 3,345 | 3,390 |
| Public Buildings Auth., Government Facs. Rev. Ref. Bonds, Series M-2, AMBAC insured, 5.50% 2035 (put 2017) | 2,500 | 2,275 |
| Sales Tax Fncg. Corp., Sales Tax Rev. Ref. Bonds, Series 2011-C, 5.00% 2022 | 1,000 | 998 |
| | | 11,257 |
| | | |
| Rhode Island 0.20% | | |
| | | |
| Health and Educational Building Corp., Hospital Fncg. Rev. Ref. Bonds (Lifespan Obligated Group Issue), | | |
| Series 2006-A, Assured Guaranty Municipal insured, 5.00% 2015 | 2,635 | 2,769 |
| City of Providence, Special Obligation Tax Increment Ref. Bonds, Series E, RADIAN insured, 5.00% 2014 | 1,250 | 1,254 |
| City of Providence, Special Obligation Tax Increment Ref. Bonds, Series E, RADIAN insured, 5.00% 2015 | 1,250 | 1,261 |
| Student Loan Auth., Student Loan Program Rev. Bonds, Series 2013-A, AMT, 3.00% 2014 | 250 | 255 |
| Student Loan Auth., Student Loan Program Rev. Bonds, Series 2013-A, AMT, 4.00% 2015 | 400 | 419 |
| | | 5,958 |
| | | |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| South Carolina 0.68% | (000) | (000) |
| | | |
| Jobs-Econ. Dev. Auth., Hospital Rev. Ref. and Improvement Bonds (Palmetto Health), Series 2009, 5.00% 2017 | $1,085 | $ 1,192 |
| Lexington County Health Services Dist., Inc., Hospital Rev. Ref. Bonds (Lexington Medical Center), | | |
| Series 2007, 5.00% 2016 | 2,000 | 2,233 |
| Piedmont Municipal Power Agcy., Electric Rev. Ref. Bonds, Ref. Series 2008-A-3, 5.00% 2016 | 1,500 | 1,625 |
| Public Service Auth., Rev. Obligations (Santee Cooper), Series 2009-B, 5.00% 2016 | 1,995 | 2,170 |
| Public Service Auth., Rev. Obligations (Santee Cooper), Series 2009-B, 5.00% 2017 | 2,000 | 2,249 |
| Public Service Auth., Rev. Obligations (Santee Cooper), Series 2009-B, 5.00% 2018 | 1,275 | 1,461 |
| Transportation Infrastructure Bank, Rev. Ref. Bonds, Series 2005-A, AMBAC insured, 5.25% 2018 | 8,000 | 9,414 |
| | | 20,344 |
| | | |
| South Dakota 0.12% | | |
| | | |
| Educational Enhancement Funding Corp, Tobacco Settlement Rev. Bonds, Series 2013-B, 5.00% 2023 | 1,000 | 1,098 |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2013-A, AMT, 3.00% 2030 | 955 | 995 |
| Housing Dev. Auth., Homeownership Mortgage Rev. Ref. Bonds, Series 2012-D, AMT, 4.00% 2029 | 1,575 | 1,679 |
| | | 3,772 |
| | | |
| Tennessee 1.47% | | |
| | | |
| Housing Dev. Agcy., Homeownership Program Rev. Ref. Bonds, Issue 2006-1, AMT, 5.75% 2036 | 260 | 272 |
| Housing Dev. Agcy., Homeownership Program Rev. Ref. Bonds, Issue 2011-1-A, AMT, 4.50% 2031 | 2,555 | 2,753 |
| Housing Dev. Agcy., Homeownership Program Rev. Ref. Bonds, Issue 2012-1-A, AMT, 4.50% 2038 | 890 | 943 |
| Housing Dev. Agcy., Housing Fin. Program Bonds, Issue 2010-A-1, 5.00% 2027 | 680 | 728 |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Issue 2013-1-C, 3.00% 2038 | 3,280 | 3,430 |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2013-2-A, AMT, 4.00% 2043 | 1,650 | 1,767 |
| Health, Educational and Housing Fac. Board of the County of Knox, Hospital Rev. Ref. Bonds (Covenant Health), | | |
| Series 2012-A, 5.00% 2019 | 1,000 | 1,150 |
| Health, Educational and Housing Fac. Board of the County of Knox, Hospital Rev. Ref. Bonds (Covenant Health), | | |
| Series 2012-A, 5.00% 2020 | 1,220 | 1,388 |
| Health, Educational and Housing Fac. Board of the County of Knox, Hospital Rev. Ref. Bonds (Covenant Health), | | |
| Series 2012-A, 5.00% 2022 | 3,320 | 3,713 |
| Health, Educational and Housing Fac. Board of the County of Knox, Hospital Rev. Ref. Bonds (Covenant Health), | | |
| Series 2012-A, 5.00% 2023 | 1,000 | 1,111 |
| Memphis-Shelby County Airport Auth., Airport Rev. Ref. Bonds, Series 2008-A, AMT, Assured Guaranty | | |
| Municipal insured, 5.00% 2016 | 3,000 | 3,249 |
| Memphis-Shelby County Airport Auth., Airport Rev. Ref. Bonds, Series 2010-B, AMT, 5.00% 2017 | 5,375 | 5,991 |
| Memphis-Shelby County Airport Auth., Airport Rev. Ref. Bonds, Series 2010-B, AMT, 5.375% 2018 | 6,590 | 7,503 |
| Memphis-Shelby County Airport Auth., Airport Rev. Ref. Bonds, Series 2010-B, AMT, 5.50% 2019 | 2,500 | 2,874 |
| Memphis-Shelby County Airport Auth., Airport Rev. Ref. Bonds, Series 2011-A-1, AMT, 5.00% 2015 | 1,000 | 1,058 |
| Memphis-Shelby County Airport Auth., Airport Rev. Ref. Bonds, Series 2011-C, AMT, 5.00% 2018 | 2,500 | 2,807 |
| Memphis-Shelby County Airport Auth., Airport Rev. Ref. Bonds, Series 2011-C, AMT, 5.00% 2019 | 1,500 | 1,687 |
| Tennessee Energy Acquisition Corp., Gas Project Rev. Bonds, Series 2006-C, 5.00% 2021 | 1,580 | 1,743 |
| | | 44,167 |
| | | |
| Texas 8.45% | | |
| | | |
| Austin Community College Dist. Public Fac. Corp., Lease Rev. Bonds (Educational Fac. Project – Round Rock | | |
| Campus), Series 2008, 5.25% 2017 | 1,500 | 1,721 |
| City of Austin (Travis and Williamson Counties), Water and Wastewater System Rev. Ref. Bonds, | | |
| Series 2009, 5.00% 2018 | 1,500 | 1,768 |
| Bexar County Hospital Dist., Combination Tax and Rev. Certificates of Obligation, Series 2008, 5.00% 2017 | 2,665 | 3,004 |
| Bexar County Hospital Dist., Combination Tax and Rev. Certificates of Obligation, Series 2008, 5.00% 2018 | 3,015 | 3,477 |
| Brownsville Independent School Dist. (Cameron County), Unlimited Tax School Building Bonds, | | |
| Series 2006, 5.00% 2015 | 2,235 | 2,348 |
| Canadian River Municipal Water Auth., Contract Rev. Ref. Bonds (Conjunctive Use Groundwater Supply Project), | | |
| Series 2005, AMBAC insured, 5.00% 2014 | 2,045 | 2,049 |
| | | |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Texas (continued) | (000) | (000) |
| | | |
| Central Texas Regional Mobility Auth., Rev. Bonds, Series 2005, FGIC-National insured, | | |
| 4.20% 2015 (escrowed to maturity) | $1,700 | $1,761 |
| Central Texas Regional Mobility Auth., Rev. Ref. Bonds, Series 2010, 5.75% 2020 | 1,000 | 1,105 |
| Central Texas Regional Mobility Auth., Rev. Ref. Bonds, Series 2013-A, 5.00% 2023 | 1,000 | 1,066 |
| Clint Independent School Dist. (El Paso County), Unlimited Tax School Building Bonds, Series 2006, 5.00% 2015 | 1,025 | 1,101 |
| Clint Independent School Dist. (El Paso County), Unlimited Tax School Building Bonds, Series 2006, 5.00% 2016 | 1,080 | 1,206 |
| Corpus Christi Independent School Dist., Unlimited Tax School Building Bonds (Nueces County), | | |
| Series 2009, 5.00% 2019 | 2,070 | 2,471 |
| Cypress-Fairbanks Independent School Dist. (Harris County), Unlimited Tax Schoolhouse Bonds, | | |
| Series 2009-A, 5.00% 2016 | 1,315 | 1,438 |
| City of Dallas (Dallas, Denton, Collin and Rockwall Counties), G.O. Bonds, Series 2007, 5.00% 2018 | 1,080 | 1,214 |
| City of Dallas, G.O. Limited Bonds, 5.00% 2018 (preref. 2017) | 4,420 | 5,008 |
| Dallas Area Rapid Transit, Sales Tax Rev. Bonds, Series 2008, 5.00% 2018 | 1,000 | 1,180 |
| Dallas Area Rapid Transit, Sales Tax Rev. Ref. Bonds, Series 2007, AMBAC insured, 5.00% 2016 | 2,000 | 2,257 |
| Dallas County Community College Dist. (Dallas County), G.O. Ref. and Improvement Bonds, | | |
| Series 2008, 5.00% 2018 | 5,690 | 6,608 |
| Cities of Dallas and Fort Worth, Dallas/Fort Worth International Airport, Joint Rev. Improvement Bonds, | | |
| Series 2013-A, AMT, 5.00% 2026 | 1,000 | 1,062 |
| Cities of Dallas and Fort Worth, Dallas/Fort Worth International Airport, Joint Rev. Improvement Bonds, | | |
| Series 2013-A, AMT, 5.00% 2027 | 1,200 | 1,262 |
| Cities of Dallas and Fort Worth, Dallas/Fort Worth International Airport, Joint Rev. Improvement Bonds, | | |
| Series 2013-E, AMT, 5.00% 2020 | 5,000 | 5,669 |
| Cities of Dallas and Fort Worth, Dallas/Fort Worth International Airport, Joint Rev. Improvement Bonds, | | |
| Series 2013-F, 5.00% 2021 | 2,000 | 2,326 |
| Cities of Dallas and Fort Worth, Dallas/Fort Worth International Airport, Joint Rev. Ref. Bonds, | | |
| Series 2009-A, 5.00% 2017 | 5,000 | 5,744 |
| Cities of Dallas and Fort Worth, Dallas/Fort Worth International Airport, Joint Rev. Ref. Bonds, | | |
| Series 2009-A, 5.00% 2018 | 1,000 | 1,165 |
| Cities of Dallas and Fort Worth, Dallas/Fort Worth International Airport, Joint Rev. Ref. Bonds, | | |
| Series 2011-C, 5.00% 2022 | 1,430 | 1,619 |
| Cities of Dallas and Fort Worth, Dallas/Fort Worth International Airport, Joint Rev. Ref. Bonds, | | |
| Series 2012-B, 5.00% 2021 | 2,500 | 2,869 |
| Cities of Dallas and Fort Worth, Dallas/Fort Worth International Airport, Joint Rev. Ref. Bonds, | | |
| Series 2013-D, 5.00% 2021 | 1,000 | 1,163 |
| Donna Independent School Dist. (Hidalgo County), Unlimited Tax Ref. Bonds, Series 2005, 5.00% 2014 | 1,000 | 1,002 |
| Fort Bend County, Fort Bend Independent School Dist., Unlimited Tax Ref. Bonds, Series 2009, 5.00% 2018 | 1,000 | 1,158 |
| G.O. Bonds, College Student Loan Bonds, Series 2011-A, AMT, 5.00% 2019 | 1,700 | 2,019 |
| G.O. Bonds, Water Financial Assistance Bonds (Water Infrastructure Fund), Series 2009-A, 5.00% 2019 | 1,000 | 1,175 |
| Transportation Commission, G.O. Mobility Fund Bonds, Series 2008, 5.00% 2017 | 4,000 | 4,559 |
| Transportation Commission, G.O. Mobility Fund Bonds, Series 2008, 5.00% 2020 | 4,000 | 4,602 |
| Grand Parkway Transportation Corp., System Toll Rev. Bonds, Series 2013-C, 2.00% 2017 (put 2014) | 5,000 | 5,003 |
| Harris County Cultural Education Facs. Fin. Corp., Rev. Ref. Bonds (Methodist Hospital System), | | |
| Series 2008-B, 5.25% 2017 | 3,500 | 4,056 |
| Harris County Health Facs. Dev. Corp., Hospital Rev. Bonds (Memorial Hermann Healthcare System), | | |
| Series 2004-A, 5.25% 2014 | 1,500 | 1,563 |
| Harris County Industrial Dev. Corp., Solid Waste Disposal Rev. Bonds (Deer Park Refining Limited | | |
| Partnership Project), Series 2006, 4.70% 2018 | 2,000 | 2,184 |
| Harris County, Metropolitan Transit Auth., Sales and Use Tax Bonds, Series 2009-A, 5.00% 2017 | 3,990 | 4,602 |
| Harris County, Toll Road Rev. Bonds, Series 2009-A, 5.00% 2017 | 1,100 | 1,259 |
| Harris County, Toll Road Rev. Bonds, Series 2009-A, 5.00% 2020 | 1,255 | 1,485 |
| Harris County, Toll Road Rev. Ref. Bonds, Series 2007-A, National insured, 4.50% 2020 | 2,000 | 2,217 |
| City of Houston, Higher Education Fin. Corp., Higher Education Rev. Ref. Bonds (Rice University Project), | | |
| Series 2013-B, 0.57% 2048 (put 2017)1 | 1,000 | 1,004 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Texas (continued) | (000) | (000) |
| | | |
| Dept. of Housing and Community Affairs, Residential Mortgage Rev. Bonds, Series 2009-A, 5.375% 2039 | $ 755 | $ 801 |
| City of Houston, Airport System Rev. Ref. Bonds, Series 2007-B, FGIC-National insured, 5.00% 2017 | 1,000 | 1,137 |
| City of Houston, Airport System Rev. Ref. Bonds, Series 2009-A, 5.00% 2016 | 2,100 | 2,320 |
| City of Houston, Airport System Rev. Ref. Bonds, Series 2009-A, 5.00% 2017 | 1,600 | 1,820 |
| City of Houston, Airport System Rev. Ref. Bonds, Series 2009-A, 5.00% 2019 | 1,500 | 1,708 |
| City of Houston, Airport System Rev. Ref. Bonds, Series 2011-A, AMT, 5.00% 2019 | 10,000 | 11,619 |
| City of Houston, Airport System Rev. Ref. Bonds, Series 2011-B, 5.00% 2025 | 1,000 | 1,108 |
| City of Houston, Airport System Rev. Ref. Bonds, Series 2012-A, AMT, 5.00% 2021 | 3,785 | 4,352 |
| City of Houston, Public Improvement Ref. Bonds, Series 2009-A, 5.00% 2020 | 2,500 | 2,899 |
| Houston Independent School Dist. (Harris County), Limited Tax Schoolhouse Bonds, Series 2008, 5.00% 2018 | 1,500 | 1,685 |
| Port of Houston Auth. of Harris County, Unlimited Tax Forward Ref. Bonds, Series 2006-A, AMT, | | |
| National insured, 5.00% 2015 | 1,530 | 1,649 |
| Lone Star College System (Harris and Montgomery Counties), Limited Tax G.O. Bonds, Series 2009, 5.00% 2018 | 1,000 | 1,171 |
| Lower Colorado River Auth., Transmission Contract Rev. Ref. Bonds (LCRA Transmission Services Corp. Project), | | |
| Series 2011-B, 5.00% 2019 | 5,000 | 5,836 |
| Mansfield Independent School Dist. (Tarrant and Johnson Counties), Unlimited Tax Ref. Bonds, | | |
| Series 2010, 5.00% 2020 | 5,890 | 7,047 |
| Municipal Gas Acquisition and Supply Corp. I, Gas Supply Rev. Bonds, Series 2006-A, 5.00% 2015 | 3,500 | 3,779 |
| Municipal Gas Acquisition and Supply Corp. I, Gas Supply Rev. Bonds, Series 2006-A, 5.25% 2017 | 1,500 | 1,716 |
| Municipal Gas Acquisition and Supply Corp. III, Gas Supply Rev. Bonds, Series 2012, 5.00% 2021 | 3,500 | 3,861 |
| Municipal Gas Acquisition and Supply Corp. III, Gas Supply Rev. Bonds, Series 2012, 5.00% 2022 | 2,800 | 3,053 |
| Municipal Gas Acquisition and Supply Corp. III, Gas Supply Rev. Bonds, Series 2012, 5.00% 2023 | 2,000 | 2,150 |
| North Texas Health Facs. Dev. Corp., Hospital Rev. Ref. Bonds (United Regional Health Care System, Inc. Project), | | |
| Series 2007, Assured Guaranty Municipal insured, 5.00% 2022 | 1,400 | 1,543 |
| North Texas Tollway Auth., Dallas North Tollway System Rev. Ref. Bonds, Series 2005-C, 5.00% 2019 | 2,000 | 2,273 |
| North Texas Tollway Auth., System Rev. Ref. Bonds, Current Interest Bonds, Series 2008-A, 5.50% 2018 | 3,000 | 3,420 |
| North Texas Tollway Auth., System Rev. Ref. Bonds, Current Interest Bonds, Series 2008-A, 6.00% 2019 | 5,000 | 5,737 |
| North Texas Tollway Auth., System Rev. Ref. Bonds, Series 2008-E-3, 5.75% 2038 (put 2016) | 9,850 | 10,727 |
| North Texas Tollway Auth., System Rev. Ref. Bonds, Series 2011-B, 5.00% 2019 | 1,250 | 1,421 |
| North Texas Tollway Auth., System Rev. Ref. Bonds, Series 2012-C, 1.95% 2038 (put 2019) | 5,400 | 5,264 |
| City of Olmos Park, Higher Education Facs. Corp., Higher Education Rev. Improvement and Ref. Bonds | | |
| (University of the Incarnate Word Project), Series 2012, 5.00% 2022 | 2,000 | 2,272 |
| City of Olmos Park, Higher Education Facs. Corp., Higher Education Rev. Improvement and Ref. Bonds | | |
| (University of the Incarnate Word Project), Series 2012, 5.00% 2023 | 1,500 | 1,678 |
| Plano Independent School Dist. (Collin County), School Building Unlimited Tax Bonds, Series 2008-A, 5.00% 2017 | 1,000 | 1,133 |
| Public Fin. Auth., Unemployment Compensation Obligation Assessment, Rev. Bonds, Series 2010-A, 5.00% 2016 | 3,500 | 3,817 |
| SA Energy Acquisition Public Fac. Corp., Gas Supply Rev. Bonds, Series 2007, 5.25% 2017 | 1,000 | 1,118 |
| Sam Rayburn Municipal Power Agcy., Power Supply System Rev. Ref. Bonds, Series 2012, 5.00% 2018 | 2,000 | 2,292 |
| City of San Antonio, Airport System Rev. Improvement Bonds, Series 2007, AMT, | | |
| Assured Guaranty Municipal insured, 5.00% 2016 | 1,000 | 1,105 |
| City of San Antonio, Airport System Rev. Ref. Bonds, Series 2012, AMT, 4.00% 2021 | 1,000 | 1,062 |
| City of San Antonio, Passenger Fac. Charge and Airport System Rev. Improvement Bonds, | | |
| Series 2007, AMT, Assured Guaranty Municipal insured, 5.00% 2016 | 2,015 | 2,227 |
| City of San Antonio, Passenger Fac. Charge and Airport System Rev. Ref. Bonds, Series 2012, AMT, 5.00% 2020 | 1,680 | 1,917 |
| City of San Antonio, Passenger Fac. Charge and Airport System Rev. Ref. Bonds, Series 2012, AMT, 5.00% 2021 | 1,770 | 1,998 |
| City of San Antonio, Electric and Gas Systems Rev. Bonds, New Series 2006-A, 5.00% 2015 | 1,000 | 1,048 |
| City of San Antonio, Electric and Gas Systems Rev. Ref. Bonds, New Series 2008-A, 5.50% 2015 | 2,000 | 2,107 |
| City of San Antonio, Electric and Gas Systems Rev. Ref. Bonds, New Series 2012, 5.00% 2021 | 2,500 | 2,979 |
| City of San Antonio, Electric and Gas Systems Rev. Ref. Bonds, Series 2003-A, 5.25% 2014 (escrowed to maturity) | 1,485 | 1,485 |
| City of San Antonio, Electric and Gas Systems Rev. Ref. Bonds, Series A, 5.25% 2014 (escrowed to maturity) | 15 | 15 |
| City of San Antonio, General Improvement and Ref. Bonds, Series 2005, 5.25% 2015 | 3,000 | 3,153 |
| Tarrant County Cultural Education Facs. Fin. Corp., Health Resources System Rev. Ref. Bonds, | | |
| Series 2007-A, 5.00% 2016 | 1,000 | 1,091 |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Texas (continued) | (000) | (000) |
| | | |
| Tarrant County Cultural Education Facs. Fin. Corp., Health Resources System Rev. Ref. Bonds, | | |
| Series 2007-A, 5.00% 2017 | $1,000 | $ 1,130 |
| Tarrant County Cultural Education Facs. Fin. Corp., Hospital Rev. Ref. Bonds (Scott and White Memorial | | |
| Hospital and Scott, Sherwood and Brindley Foundation Project), Series 2008-A, 5.00% 2017 | 1,500 | 1,699 |
| Tarrant County Cultural Education Facs. Fin. Corp., Retirement Fac. Rev. Ref. Bonds (Buckner Retirement | | |
| Services, Inc. Project), Series 2007, 5.00% 2015 | 1,170 | 1,234 |
| Tarrant County Cultural Education Facs. Fin. Corp., Retirement Fac. Rev. Ref. Bonds (Buckner Retirement | | |
| Services, Inc. Project), Series 2007, 5.00% 2016 | 1,280 | 1,382 |
| Tarrant County Health Facs. Dev. Corp., Hospital Rev. Bonds (Cook Children's Medical Center Project), | | |
| Series 2010-A, 4.50% 2022 | 500 | 538 |
| Tarrant Regional Water Dist., Water Control and Improvement Dist., Water Rev. Ref. and Improvement Bonds, | | |
| Series 2009, 5.00% 2020 | 1,710 | 1,991 |
| Board of Regents, Texas State University System, Rev. Fncg. System Ref. Bonds, Series 2010, 5.00% 2014 | 1,000 | 1,006 |
| Board of Regents of Texas Tech University System, Rev. Fncg. System Ref. and Improvement Bonds, | | |
| Series 2012-A, 5.00% 2023 | 1,000 | 1,153 |
| Board of Regents of Texas Tech University System, Rev. Fncg. System Ref. and Improvement Bonds, | | |
| Series 2012-A, 5.00% 2024 | 1,735 | 1,979 |
| Tomball Hospital Auth., Hospital Rev. Ref. Bonds, Series 2005, 5.00% 2015 (escrowed to maturity) | 1,355 | 1,445 |
| Transportation Commission, State Highway Fund Rev. Bonds, Series 2007, 5.00% 2015 | 1,000 | 1,056 |
| Board of Regents of the University of Houston System, Consolidated Rev. Ref. Bonds, Series 2009, 5.00% 2017 | 1,060 | 1,202 |
| Board of Regents of the University of Houston System, Consolidated Rev. Ref. Bonds, Series 2009, 5.00% 2018 | 1,000 | 1,161 |
| Board of Regents of the University of Houston System, Consolidated Rev. Ref. Bonds, Series 2009, 5.00% 2020 | 2,200 | 2,552 |
| Board of Regents of the University of North Texas System, Rev. Fncg. System Bonds, Series 2009-A, 5.00% 2018 | 1,000 | 1,162 |
| Board of Regents of the University of Texas System, Rev. Ref. Fncg. System Bonds, Series 2002-B, 5.25% 2015 | 6,670 | 7,194 |
| Weslaco Independent School Dist. (Hidalgo County), Unlimited Tax Ref. Bonds, Series 2005, 5.00% 2015 | 2,360 | 2,478 |
| | | 254,504 |
| | | |
| Utah 0.40% | | |
| | | |
| Housing Corp., Single-family Mortgage Bonds, Series 2002-C-2, Class III, AMT, 5.25% 2018 | 360 | 363 |
| Housing Corp., Single-family Mortgage Bonds, Series 2002-D-2, Class III, AMT, 5.00% 2018 | 195 | 195 |
| Housing Corp., Single-family Mortgage Bonds, Series 2007-A-1, Class III, AMT, 4.625% 2027 | 850 | 852 |
| Housing Corp., Single-family Mortgage Rev. Ref. Bonds, Series 2002-E-2, Class III, AMT, 4.95% 2019 | 65 | 65 |
| Intermountain Power Agcy., Subordinated Power Supply Rev. Ref. Bonds, Series 2009-A, 5.00% 2015 | 4,000 | 4,269 |
| Transit Auth., Sales Tax Rev. Bonds, Series 2008-A, Assured Guaranty Municipal insured, 5.25% 2019 | 5,250 | 6,307 |
| | | 12,051 |
| Vermont 0.03% | | |
| | | |
| Student Assistance Corp., Education Loan Rev. Notes, Series 2012-B, AMT, 1.747% 20221 | 828 | 830 |
| Virgin Islands 0.28% | | |
| | | |
| Public Fin. Auth., Rev. Bonds (Matching Fund Loan Note), Series 2013-A, 5.00% 2018 | 1,000 | 1,121 |
| Public Fin. Auth., Rev. Ref. Bonds (Matching Fund Loan Notes), Series 2009-B, 5.00% 2018 | 3,000 | 3,364 |
| Public Fin. Auth., Rev. Ref. Bonds (Matching Fund Loan Notes), Series 2009-C, 5.00% 2015 | 3,745 | 3,959 |
| | | 8,444 |
| | | |
| Virginia 0.32% | | |
| | | |
| Commonwealth Transportation Board, Transportation Rev. Ref. Bonds, Series 2012-A, 5.00% 2021 | 2,795 | 3,337 |
| Port Auth., Commonwealth Port Fund Rev. Ref. Bonds (2002 Resolution), Series 2006, AMT, | | |
| Assured Guaranty Municipal insured, 5.50% 2014 | 2,735 | 2,797 |
| Public Building Auth., Public Facs. Rev. Bonds, Series 2008-B, 5.00% 2014 | 1,525 | 1,562 |
| Public School Auth., School Fncg. Bonds (1997 Resolution), Series 2005-C, 5.00% 2015 | 1,750 | 1,876 |
| | | 9,572 |
| | | |
| Bonds, notes & other debt instruments | | |
| | Principal amount | Value |
| Washington 2.58% | (000) | (000) |
| | | |
| Public Utility Dist. No. 1 of Clark County, Electric System Rev. Ref. Bonds, Series 2007, | | |
| FGIC-National insured, 5.00% 2017 | $2,000 | $ 2,251 |
| Energy Northwest, Electric Rev. Ref. Bonds (Project 1), Series 2007-C, 5.00% 2017 | 3,000 | 3,442 |
| Energy Northwest, Electric Rev. Ref. Bonds (Project 1), Series 2009-A, 5.25% 2018 | 1,250 | 1,479 |
| Energy Northwest, Electric Rev. Ref. Bonds (Project 1), Series 2012-A, 5.00% 2017 | 5,000 | 5,736 |
| Federal Highway Grant Anticipation Rev. Bonds (SR 520 Corridor Program), Series 2012-F, 5.00% 2020 | 5,000 | 5,870 |
| Federal Highway Grant Anticipation Rev. Bonds (SR 520 Corridor Program), Series 2014-C, 5.00% 2019 | 1,000 | 1,178 |
| Federal Highway Grant Anticipation Rev. Bonds (SR 520 Corridor Program), Series 2014-C, 5.00% 2021 | 2,500 | 2,925 |
| Various Purpose G.O. Bonds, Series 1992-B, 6.40% 2017 | 9,400 | 10,389 |
| Various Purpose G.O. Ref. Bonds, Series R-2006-A, AMBAC insured, 5.00% 2015 | 2,500 | 2,671 |
| Public Utility Dist. No. 2 of Grant County, Electric System Rev. Ref. Bonds, Series 2011-I, | | |
| 5.00% 2017 (escrowed to maturity) | 5,000 | 5,645 |
| Health Care Facs. Auth., Rev. Ref. Bonds (Providence Health & Services), Series 2012-B, 5.00% 2042 (put 2021) | 1,000 | 1,163 |
| Health Care Facs. Auth., Rev. Ref. Bonds (Seattle Children's Hospital), Series 2010-B, 5.00% 2021 | 1,235 | 1,412 |
| Higher Education Facs. Auth., Rev. Ref. Bonds (Gonzaga University Project), Series 2009-B, 5.00% 2016 | 1,015 | 1,094 |
| Higher Education Facs. Auth., Rev. Ref. Bonds (Gonzaga University Project), Series 2009-B, 5.00% 2018 | 2,235 | 2,514 |
| Higher Education Facs. Auth., Rev. Ref. Bonds (Gonzaga University Project), Series 2009-B, 5.00% 2019 | 2,350 | 2,672 |
| Higher Education Facs. Auth., Rev. Ref. Bonds (Gonzaga University Project), Series 2010-A, 5.00% 2018 | 1,000 | 1,123 |
| Housing Fin. Commission, Homeownership Program Bonds, Series 2011-A, 4.50% 2029 | 910 | 972 |
| King County, Public Hospital Dist. No. 1, Limited Tax G.O. and Ref. Bonds, Series 2008-A, Assured Guaranty | | |
| insured, 5.00% 2016 | 2,595 | 2,901 |
| Port of Seattle, Special Fac. Rev. Ref. Bonds (Seatac Fuel Facs. LLC), AMT, 5.00% 2022 | 1,000 | 1,112 |
| Port of Seattle, Special Fac. Rev. Ref. Bonds (Seatac Fuel Facs. LLC), AMT, 5.00% 2023 | 1,100 | 1,213 |
| City of Seattle, Municipal Light and Power Improvement and Rev. Ref. Bonds, Series 2008, 5.25% 2015 | 1,500 | 1,589 |
| Housing Auth. of the City of Seattle, Capital Fund Program Rev. Bonds (High Rise Rehabilitation | | |
| Program – Phase III), Series 2007, AMT, Assured Guaranty Municipal insured, 4.55% 2017 | 1,295 | 1,355 |
| Port of Seattle, Passenger Fac. Charge Rev. Ref. Bonds, Series 2010-B, AMT, 5.00% 2016 | 2,000 | 2,241 |
| Port of Seattle, Rev. Ref. Bonds, Series 2010-C, AMT, 5.00% 2016 | 2,000 | 2,178 |
| Public Utility Dist. No. 1 of Snohomish County, Electric System Rev. Ref. Bonds, Series 2005, Assured Guaranty | | |
| Municipal insured, 5.00% 2019 | 2,000 | 2,167 |
| Snohomish County, Limited Tax G.O. Ref. Bonds, Series 2005-B, FGIC-National insured, 5.00% 2014 | 1,115 | 1,159 |
| Tobacco Settlement Auth., Tobacco Settlement Rev. Ref. Bonds, Series 2013, 5.00% 2026 | 6,300 | 6,658 |
| Tobacco Settlement Auth., Tobacco Settlement Rev. Ref. Bonds, Series 2013, 5.00% 2027 | 2,500 | 2,650 |
| | | 77,759 |
| | | |
| Wisconsin 1.30% | | |
| | | |
| City of Franklin, Regional Solid Waste Fin. Commission, Solid Waste Disposal Rev. Bonds (Waste Management | | |
| of Wisconsin, Inc. Project), Series 2003-A, AMT, 4.95% 2016 | 3,500 | 3,689 |
| G.O. Ref. Bonds, Series 2005-1, National insured, 5.00% 2017 | 2,500 | 2,643 |
| General Fund Annual Appropriation Rev. Ref. Bonds, Series 2009-A, 5.00% 2018 | 2,000 | 2,325 |
| Health and Educational Facs. Auth., Rev. Bonds (Ascension Health Alliance Senior Credit Group), | | |
| Series 2013-B-1, 4.00% 2043 (put 2018) | 1,500 | 1,668 |
| Health and Educational Facs. Auth., Rev. Bonds (Ascension Health Alliance Senior Credit Group), | | |
| Series 2013-B-3, 5.00% 2043 (put 2020) | 6,000 | 6,949 |
| Health and Educational Facs. Auth., Rev. Bonds (Thedacare, Inc.), Series 2009-A, 5.25% 2017 | 2,000 | 2,300 |
| Health and Educational Facs. Auth., Rev. Ref. Bonds (Thedacare, Inc.), Series 2009-B, 5.00% 2017 | 2,000 | 2,281 |
| Health and Educational Facs. Auth., Rev. Ref. Bonds (Aurora Health Care, Inc.), Series 2012-A, 5.00% 2021 | 7,765 | 8,675 |
| Health and Educational Facs. Auth., Rev. Ref. Bonds (Aurora Health Care, Inc.), Series 2012-A, 5.00% 2022 | 2,145 | 2,350 |
| Health and Educational Facs. Auth., Rev. Ref. Bonds (Ministry Health Care), Series 2012-C, 5.00% 2021 | 1,200 | 1,364 |
| Milwaukee County, Airport Rev. Ref. Bonds, Series 2010-B, AMT, 5.00% 2017 | 1,250 | 1,419 |
| Milwaukee County, Airport Rev. Ref. Bonds, Series 2010-B, AMT, 5.00% 2018 | 1,500 | 1,721 |
| Milwaukee County, Airport Rev. Ref. Bonds, Series 2010-B, AMT, 5.00% 2020 | 1,500 | 1,689 |
| | | 39,073 |
| | | |
| Total bonds, notes & other debt instruments (cost: $2,694,920,000) | | $2,837,305 |
| | | |
| | Principal amount | Value |
| Short-term securities 4.90% | (000) | (000) |
| | | |
| State of California, Rev. Anticipation Notes, Series 2013-14-A-2, 2.00% 6/23/2014 | $20,000 | $ 20,144 |
| State of California Pollution Control Fncg. Auth., Pollution Control Rev. Ref. Bonds (Pacific Gas and Electric Co.), | | |
| Series 1996-C, JPMorgan Chase LOC, 0.04% 20261 | 1,800 | 1,800 |
| State of California Pollution Control Fncg. Auth., Pollution Control Rev. Ref. Bonds (Pacific Gas and Electric Co.), | | |
| Series 1996-E, JPMorgan Chase LOC, 0.04% 20261 | 8,300 | 8,300 |
| State of California Pollution Control Fncg. Auth., Pollution Control Rev. Ref. Bonds (Pacific Gas and Electric Co.), | | |
| Series 1997-B, AMT, JPMorgan Chase LOC, 0.06% 20261 | 600 | 600 |
| State of Illinois, City of Chicago, G.O. Ref. Bonds, Series 2007-E, Barclays Bank PLC LOC, 0.06% 20421 | 3,700 | 3,700 |
| State of Kentucky, Econ. Dev. Fin. Auth., Demand Hospital Rev. Ref. Bonds (Baptist Healthcare System | | |
| Obligated Group), Series 2009-B-1, JPMorgan Chase LOC, 0.05% 20381 | 1,900 | 1,900 |
| State of Kentucky, County of Shelby, Assn. of Counties Leasing Trust, Lease Program Rev. Bonds, | | |
| Series 2004-A, 0.05% 20341 | 2,075 | 2,075 |
| State of Louisiana, Public Facs. Auth., Rev. Bonds (Dynamic Fuels, LLC Project), Series 2008, | | |
| JPMorgan Chase LOC, 0.06% 20331 | 3,500 | 3,500 |
| State of Michigan, Fin. Auth., State Aid Rev. Notes (School Dist. of the City of Detroit), | | |
| Series 2013-C, 4.375% 8/20/2014 | 1,000 | 1,015 |
| State of Minnesota, City of Minneapolis, and Housing and Redev. Auth. of the City of Saint Paul, Health Care | | |
| System Demand Rev. Ref. Bonds (Allina Health System), Series 2009-B-2, JPMorgan Chase LOC, 0.05% 20351 | 2,350 | 2,350 |
| State of Nebraska, Educational Fin. Auth., Rev. Ref. Bonds (Creighton University Projects), Series 2008, | | |
| JPMorgan Chase LOC, 0.05% 20351 | 13,105 | 13,105 |
| State of New Hampshire, Health and Education Facs. Auth., Rev. Ref. Bonds (Dartmouth College Issue), | | |
| Series 2007-B, 0.03% 20411 | 500 | 500 |
| State of New York, Trust for Cultural Resources of the City of New York, Rev. Ref. Bonds (Lincoln Center for the | | |
| Performing Arts, Inc.), Series 2008-A-1, JPMorgan Chase LOC, 0.05% 20351 | 2,600 | 2,600 |
| New York State Housing Fin. Agcy, Gotham West Housing Fin. Agcy. Rev. Bonds, Series 2011-A-1, | | |
| Wells Fargo & Co. LOC, 0.03% 20451 | 2,950 | 2,950 |
| State of Tennessee, Public Building Auth. of the City of Clarksville, Pooled Fncg. Rev. Bonds, Series 2004, | | |
| Bank of America LOC, 0.07% 20341 | 750 | 750 |
| Public Building Auth. of the County of Montgomery, Pooled Fncg. Rev. Bonds (Tennessee County Loan Pool), | | |
| Series 2002, Bank of America LOC, 0.07% 20321 | 1,495 | 1,495 |
| State of Texas, Tax and Rev. Anticipation Notes, Series 2013, 2.00% 8/28/2014 | 75,000 | 75,813 |
| State of Texas, Brazos River Harbor Navigation Dist. of Brazoria County, Environmental Facs. Rev. Bonds | | |
| (Merey Sweeny, L.P. Project), Series 2001-A, AMT, Bank of America LOC, 0.07% 20211 | 2,300 | 2,300 |
| State of Wyoming, Lincoln County, Pollution Control Rev. Bonds (Exxon Project), Series 1984-C, 0.04% 11/1/20141 | 2,400 | 2,400 |
| State of Alaska, City of Valdez, Marine Terminal Rev. Ref. Bonds (ExxonMobil Project), Series 2001, 0.04% 20291 | 300 | 300 |
| Total short-term securities (cost: $147,533,000) | | 147,597 |
| Total investment securities (cost: $2,842,453,000) | | 2,984,902 |
| Other assets less liabilities | | 25,702 |
| Net assets | | $3,010,604 |
ITEM 7 – Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.
ITEM 9 – Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.
There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s board of trustees since the Registrant last submitted a proxy statement to its shareholders. The procedures are as follows. The Registrant has a nominating and governance committee comprised solely of persons who are not considered ‘‘interested persons’’ of the Registrant within the meaning of the Investment Company Act of 1940, as amended. The committee periodically reviews such issues as the board’s composition, responsibilities, committees, compensation and other relevant issues, and recommends any appropriate changes to the full board of trustees. While the committee normally is able to identify from its own resources an ample number of qualified candidates, it will consider shareholder suggestions of persons to be considered as nominees to fill future vacancies on the board. Such suggestions must be sent in writing to the nominating and governance committee of the Registrant, c/o the Registrant’s Secretary, and must be accompanied by complete biographical and occupational data on the prospective nominee, along with a written consent of the prospective nominee for consideration of his or her name by the nominating and governance committee.
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.
