|
|
|
|
|
|
Portfolio of Investments (Unaudited)
|
|
|
|
|
Nuveen Virginia Dividend Advantage Municipal Fund 2 (NNB)
|
|
|
|
|
August 31, 2009
|
|
|
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Consumer Staples – 3.7% (2.5% of Total Investments)
|
|
|
|
$ 3,100
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds,
|
6/17 at 100.00
|
BBB
|
$ 2,170,558
|
|
Series 2007B1, 5.000%, 6/01/47
|
|
|
|
1,430
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset-Backed Bonds,
|
6/17 at 100.00
|
BBB
|
772,229
|
|
Series 2007B2, 0.000%, 6/01/46
|
|
|
|
4,530
|
Total Consumer Staples
|
|
|
2,942,787
|
|
Education and Civic Organizations – 6.7% (4.5% of Total Investments)
|
|
|
|
1,000
|
Fairfax County Economic Development Authority, Virginia, Revenue Bonds, National Wildlife
|
9/09 at 101.00
|
A3
|
1,010,910
|
|
Federation, Series 1999, 5.375%, 9/01/29 – NPFG Insured
|
|
|
|
1,000
|
Prince William County Industrial Development Authority, Virginia, Educational Facilities
|
10/13 at 101.00
|
A3
|
986,810
|
|
Revenue Bonds, Catholic Diocese of Arlington, Series 2003, 5.500%, 10/01/33
|
|
|
|
1,500
|
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities
|
12/12 at 101.00
|
BBB–
|
1,295,400
|
|
Financing Authority, Higher Education Revenue Refunding Bonds, Ana G. Mendez University
|
|
|
|
|
System, Series 2002, 5.375%, 12/01/21
|
|
|
|
2,000
|
Winchester Industrial Development Authority, Virginia, Educational Facilities First Mortgage
|
10/10 at 100.00
|
A
|
2,001,580
|
|
Revenue Bonds, Shenandoah University, Series 1998, 5.250%, 10/01/28 – NPFG Insured
|
|
|
|
5,500
|
Total Education and Civic Organizations
|
|
|
5,294,700
|
|
Health Care – 27.4% (18.5% of Total Investments)
|
|
|
|
1,500
|
Albemarle County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Martha
|
10/12 at 100.00
|
A3
|
1,399,215
|
|
Jefferson Hospital, Series 2002, 5.250%, 10/01/35
|
|
|
|
450
|
Charlotte County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Halifax
|
9/17 at 100.00
|
A–
|
425,970
|
|
Regional Hospital Incorporated, Series 2007, 5.000%, 9/01/27
|
|
|
|
1,070
|
Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Inova
|
5/19 at 100.00
|
AA+
|
1,202,017
|
|
Health System, Series 2009A, Trust 11733, 14.538%, 5/15/35 (IF)
|
|
|
|
3,000
|
Fauquier County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Fauquier
|
10/12 at 102.00
|
BBB+
|
2,843,790
|
|
Hospital, Series 2002, 5.250%, 10/01/25 – RAAI Insured
|
|
|
|
1,000
|
Fredericksburg Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds,
|
No Opt. Call
|
A3
|
1,031,670
|
|
MediCorp Health System, Series 2007, 5.250%, 6/15/23
|
|
|
|
675
|
Fredericksburg Industrial Development Authority, Virginia, Revenue Bonds, MediCorp Health
|
6/12 at 100.00
|
A3
|
643,302
|
|
System, Series 2002B, 5.125%, 6/15/33
|
|
|
|
1,500
|
Harrisonburg Industrial Development Authority, Virginia, Hospital Facilities Revenue Bonds,
|
8/16 at 100.00
|
Baa1
|
1,365,885
|
|
Rockingham Memorial Hospital, Series 2006, 5.000%, 8/15/31 – AMBAC Insured
|
|
|
|
960
|
Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health
|
11/12 at 100.00
|
A–
|
963,821
|
|
System Inc., Series 2002A, 5.600%, 11/15/30
|
|
|
|
1,155
|
Manassas Industrial Development Authority, Virginia, Hospital Revenue Bonds, Prince William
|
4/13 at 100.00
|
A3
|
1,083,713
|
|
Hospital, Series 2002, 5.250%, 4/01/33
|
|
|
|
1,200
|
Norton Industrial Development Authority, Virginia, Hospital Revenue Refunding and Improvement
|
12/11 at 101.00
|
N/R
|
1,075,260
|
|
Bonds, Norton Community Hospital, Series 2001, 6.000%, 12/01/22 – ACA Insured
|
|
|
|
1,000
|
Prince William County Industrial Development Authority, Virginia, Hospital Facility Revenue
|
10/09 at 101.00
|
Aa3
|
1,008,830
|
|
Refunding Bonds, Potomac Hospital Corporation of Prince William, Series 1998,
|
|
|
|
|
5.000%, 10/01/18 – FSA Insured
|
|
|
|
3,915
|
Roanoke Industrial Development Authority, Virginia, Hospital Revenue Bonds, Carilion Health
|
7/12 at 100.00
|
A+
|
4,052,534
|
|
System, Series 2002A, 5.500%, 7/01/20 – NPFG Insured
|
|
|
|
|
Stafford County Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds,
|
|
|
|
|
MediCorp Health System, Series 2006:
|
|
|
|
1,250
|
5.250%, 6/15/25
|
6/16 at 100.00
|
A3
|
1,252,725
|
655
|
5.250%, 6/15/31
|
6/16 at 100.00
|
A3
|
632,684
|
1,095
|
5.250%, 6/15/37
|
6/16 at 100.00
|
A3
|
1,035,323
|
1,430
|
Virginia Small Business Financing Authority, Wellmont Health System Project Revenue Bonds,
|
9/17 at 100.00
|
BBB+
|
992,506
|
|
Series 2007A, 5.250%, 9/01/37
|
|
|
|
|
|
|
|
|
715
|
Winchester Industrial Development Authority, Virginia, Hospital Revenue Bonds, Winchester
|
1/17 at 100.00
|
AA–
|
729,665
|
|
Medical Center, Series 2007, 5.125%, 1/01/31
|
|
|
|
22,570
|
Total Health Care
|
|
|
21,738,910
|
|
Housing/Single Family – 14.2% (9.6% of Total Investments)
|
|
|
|
7,485
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2001H-1, 5.350%,
|
7/11 at 100.00
|
AAA
|
7,555,881
|
|
7/01/31 – NPFG Insured
|
|
|
|
500
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2005C-2, 4.750%,
|
1/15 at 100.00
|
AAA
|
462,350
|
|
10/01/32 (Alternative Minimum Tax)
|
|
|
|
870
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2006, 4.800%,
|
7/15 at 100.00
|
AAA
|
819,183
|
|
7/01/29 (Alternative Minimum Tax)
|
|
|
|
2,600
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2007B, 4.750%,
|
7/16 at 100.00
|
AAA
|
2,437,890
|
|
7/01/32 (Alternative Minimum Tax)
|
|
|
|
11,455
|
Total Housing/Single Family
|
|
|
11,275,304
|
|
Long-Term Care – 10.0% (6.8% of Total Investments)
|
|
|
|
1,300
|
Albemarle County Industrial Development Authority, Virginia, Residential Care Facilities
|
1/17 at 100.00
|
N/R
|
987,597
|
|
Mortgage Revenue Bonds, Westminster-Cantebury of the Blue Ridge, Series 2007, 5.000%, 1/01/31
|
|
|
|
650
|
Chesterfield County Health Center Commission, Virginia, Mortgage Revenue Bonds, Lucy Corr
|
12/15 at 100.00
|
N/R
|
456,177
|
|
Village, Series 2005, 5.625%, 12/01/39
|
|
|
|
1,815
|
Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Mortgage
|
10/17 at 100.00
|
N/R
|
1,436,173
|
|
Revenue Bonds, Goodwin House, Inc., Series 2007A, 5.125%, 10/01/37
|
|
|
|
500
|
Fairfax County Economic Development Authority, Virginia, Retirement Center Revenue Bonds,
|
10/16 at 100.00
|
BBB+
|
408,260
|
|
Greenspring Village, Series 2006A, 4.750%, 10/01/26
|
|
|
|
855
|
Henrico County Economic Development Authority, Virginia, Residential Care Facility Revenue
|
No Opt. Call
|
BBB–
|
669,046
|
|
Bonds, Westminster Canterbury of Richmond, Series 2006, 5.000%, 10/01/35
|
|
|
|
1,300
|
Industrial Development Authority of the County of Prince William, Virginia, Residential Care
|
1/17 at 100.00
|
N/R
|
948,688
|
|
Facility Revenue Bonds, Westminster at Lake, First Mortgage, Series 2006, 5.125%, 1/01/26
|
|
|
|
1,350
|
James City County Industrial Development Authority, Virginia, Residential Care Facility First
|
3/12 at 101.00
|
N/R
|
1,124,186
|
|
Mortgage Revenue Refunding Bonds, Williamsburg Landing Inc., Series 2003A, 6.000%, 3/01/23
|
|
|
|
970
|
Roanoke Industrial Development Authority, Virginia, Residential Revenue Bonds, Virginia
|
12/16 at 100.00
|
N/R
|
626,523
|
|
Lutheran Homes Incorporated, Series 2006, 5.000%, 12/01/39
|
|
|
|
650
|
Suffolk Industrial Development Authority, Virginia, Retirement Facilities First Mortgage
|
9/16 at 100.00
|
N/R
|
485,563
|
|
Revenue Bonds, Lake Prince Center, Series 2006, 5.300%, 9/01/31
|
|
|
|
650
|
Virginia Beach Development Authority, Virginia, Residential Care Facility Mortgage Revenue
|
11/15 at 100.00
|
N/R
|
546,858
|
|
Bonds, Westminster Canterbury on Chesapeake Bay, Series 2005, 5.000%, 11/01/22
|
|
|
|
325
|
Winchester Industrial Development Authority, Virginia, Residential Care Facility Revenue
|
1/15 at 100.00
|
N/R
|
252,720
|
|
Bonds, Westminster-Canterbury of Winchester Inc., Series 2005A, 5.200%, 1/01/27
|
|
|
|
10,365
|
Total Long-Term Care
|
|
|
7,941,791
|
|
Materials – 0.6% (0.4% of Total Investments)
|
|
|
|
165
|
Bedford County Industrial Development Authority, Virginia, Industrial Development Revenue
|
2/10 at 100.00
|
B2
|
132,965
|
|
Refunding Bonds, Nekoosa Packaging Corporation, Series 1998, 5.600%, 12/01/25 (Alternative
|
|
|
|
|
Minimum Tax) (4)
|
|
|
|
460
|
Goochland County Industrial Development Authority, Virginia, Industrial Development Revenue
|
12/09 at 100.50
|
B2
|
372,798
|
|
Refunding Bonds, Nekoosa Packaging Corporation Project, Series 1998, 5.650%, 12/01/25
|
|
|
|
|
(Alternative Minimum Tax) (4)
|
|
|
|
625
|
Total Materials
|
|
|
505,763
|
|
Tax Obligation/General – 22.4% (15.2% of Total Investments)
|
|
|
|
1,750
|
Chesapeake, Virginia, General Obligation Bonds, Series 2001, 5.500%, 12/01/16
|
12/11 at 100.00
|
AA+
|
1,917,178
|
1,000
|
Loudoun County, Virginia, General Obligation Bonds, Series 2006, 5.000%, 12/01/25
|
12/16 at 100.00
|
AAA
|
1,090,650
|
95
|
Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2002A,
|
5/12 at 100.00
|
AAA
|
99,737
|
|
5.250%, 5/01/22
|
|
|
|
|
Powhatan County, Virginia, General Obligation Bonds, Series 2001:
|
|
|
|
660
|
5.000%, 1/15/23 – AMBAC Insured
|
1/11 at 101.00
|
A+
|
682,301
|
1,000
|
5.000%, 1/15/27 – AMBAC Insured
|
1/11 at 101.00
|
A+
|
1,008,620
|
|
Roanoke, Virginia, General Obligation Public Improvement Bonds, Series 2002A:
|
|
|
|
1,950
|
5.000%, 10/01/18
|
10/12 at 101.00
|
AA
|
2,125,520
|
2,435
|
5.000%, 10/01/19
|
10/12 at 101.00
|
AA
|
2,654,174
|
1,280
|
Roanoke, Virginia, General Obligation Public Improvement Bonds, Series 2002B, 5.000%, 10/01/15 –
|
10/12 at 101.00
|
AA
|
1,340,416
|
|
FGIC Insured (Alternative Minimum Tax)
|
|
|
|
|
|
|
|
|
600
|
Virginia Beach, Virginia, General Obligation Bonds, Series 2005, 5.000%, 1/15/20
|
1/16 at 100.00
|
AAA
|
668,262
|
2,900
|
Virginia Beach, Virginia, General Obligation Bonds, 5.000%, 10/01/26 (UB)
|
10/17 at 100.00
|
AAA
|
3,138,061
|
1,500
|
Virginia Beach, Virginia, General Obligation Public Improvement Bonds, Series 2001,
|
6/11 at 101.00
|
AAA
|
1,593,510
|
|
5.000%, 6/01/19
|
|
|
|
1,420
|
Virginia Beach, Virginia, General Obligation Refunding and Public Improvement Bonds, Series
|
3/12 at 100.00
|
AAA
|
1,496,325
|
|
2002, 5.000%, 3/01/21
|
|
|
|
16,590
|
Total Tax Obligation/General
|
|
|
17,814,754
|
|
Tax Obligation/Limited – 20.9% (14.2% of Total Investments)
|
|
|
|
121
|
Bell Creek Community Development Authority, Virginia, Special Assessment Bonds, Series 2003A,
|
3/13 at 101.00
|
N/R
|
100,144
|
|
6.750%, 3/01/22
|
|
|
|
1,000
|
Broad Street Community Development Authority, Virginia, Revenue Bonds, Series 2003,
|
6/13 at 102.00
|
N/R
|
783,640
|
|
7.500%, 6/01/33
|
|
|
|
|
Buena Vista Public Recreational Facilities Authority, Virginia, Lease Revenue Bonds, Golf
|
|
|
|
|
Course Project, Series 2005A:
|
|
|
|
210
|
5.250%, 7/15/25 – ACA Insured
|
7/15 at 100.00
|
N/R
|
138,965
|
165
|
5.500%, 7/15/35 – ACA Insured
|
7/15 at 100.00
|
N/R
|
92,514
|
800
|
Fairfax County Economic Development Authority, Virginia, Lease Revenue Bonds, Joint Public
|
5/16 at 100.00
|
AA+
|
888,592
|
|
Uses Community Project, Series 2006, 5.000%, 5/15/18
|
|
|
|
1,800
|
Loudoun County Industrial Development Authority, Virginia, Lease Revenue Refunding Bonds,
|
3/13 at 100.00
|
AA+
|
1,936,764
|
|
Public Facility Project, Series 2003, 5.000%, 3/01/19
|
|
|
|
285
|
Montgomery County Industrial Development Authority, Virginia, Public Facility Lease Revenue
|
2/18 at 100.00
|
AA–
|
293,473
|
|
Bonds, Public Projects Series 2008, 5.000%, 2/01/29
|
|
|
|
1,300
|
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.250%,
|
No Opt. Call
|
BBB
|
1,225,796
|
|
7/01/31 – AMBAC Insured
|
|
|
|
2,000
|
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005A,
|
No Opt. Call
|
BBB+
|
468,260
|
|
0.000%, 7/01/29 – AMBAC Insured
|
|
|
|
400
|
Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding
|
7/12 at 100.00
|
BBB–
|
367,388
|
|
Bonds, Series 2002D, 5.250%, 7/01/27
|
|
|
|
1,000
|
Spotsylvania County Industrial Development Authority, Virginia, Lease Revenue Bonds, School
|
8/13 at 100.00
|
N/R
|
1,007,890
|
|
Facilities, Series 2003B, 5.125%, 8/01/23 – AMBAC Insured
|
|
|
|
1,000
|
Stafford County and Staunton Industrial Development Authority, Virginia, Revenue Bonds,
|
8/16 at 100.00
|
A+
|
1,039,040
|
|
Virginia Municipal League and Virginia Association of Counties Finance Program, Series 2006A,
|
|
|
|
|
5.000%, 8/01/23 – NPFG Insured
|
|
|
|
1,610
|
Stafford County Economic Development Authority, Virginia, Public Project Lease Revenue Bonds,
|
4/18 at 100.00
|
AAA
|
1,644,873
|
|
5.000%, 4/01/33 – AGC Insured (UB)
|
|
|
|
700
|
Virginia Beach Development Authority, Public Facilities Revenue Bonds, Series 2005A,
|
5/15 at 100.00
|
AA+
|
762,867
|
|
5.000%, 5/01/22
|
|
|
|
535
|
Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century
|
2/19 at 100.00
|
AA+
|
674,303
|
|
College Program, Series 2009 Trust 09-3B, 12.666%, 2/01/27 (IF)
|
|
|
|
535
|
Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century
|
2/19 at 100.00
|
AA+
|
662,480
|
|
College Program, Series 2009, Trust 09-4B, 12.748%, 2/01/28 (IF)
|
|
|
|
673
|
Virginia Gateway Community Development Authority, Prince William County, Special Assessment
|
3/13 at 102.00
|
N/R
|
590,234
|
|
Bonds, Series 2003, 6.375%, 3/01/30
|
|
|
|
2,540
|
Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2001B,
|
8/11 at 101.00
|
AA+
|
2,709,189
|
|
5.000%, 8/01/19
|
|
|
|
570
|
Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2005C,
|
8/15 at 100.00
|
AA+
|
641,831
|
|
5.000%, 8/01/17
|
|
|
|
540
|
Virginia Resources Authority, Infrastructure Revenue Bonds, Prerefunded-Pooled Loan Bond
|
No Opt. Call
|
AA
|
549,142
|
|
Program, Series 2001D, 5.000%, 5/01/26
|
|
|
|
17,784
|
Total Tax Obligation/Limited
|
|
|
16,577,385
|
|
Transportation – 4.1% (2.8% of Total Investments)
|
|
|
|
1,000
|
Metropolitan Washington D.C. Airports Authority, Airport System Revenue Bonds, Series 2002A,
|
10/12 at 100.00
|
AA–
|
1,002,070
|
|
5.125%, 10/01/26 – FGIC Insured (Alternative Minimum Tax)
|
|
|
|
1,500
|
Norfolk, Virginia, Parking System Revenue Bonds, Series 2005A, 5.000%, 2/01/23 – NPFG Insured
|
2/15 at 100.00
|
A
|
1,538,535
|
825
|
Virginia Port Authority, Revenue Bonds, Port Authority Facilities, Series 2006, 5.000%,
|
7/13 at 100.00
|
Aa3
|
735,677
|
|
7/01/36 – FGIC Insured (Alternative Minimum Tax)
|
|
|
|
3,325
|
Total Transportation
|
|
|
3,276,282
|
|
|
|
|
|
|
U.S. Guaranteed – 17.7% (12.0% of Total Investments) (5)
|
|
|
|
165
|
Albemarle County Industrial Development Authority, Virginia, Residential Care Facility Revenue
|
1/12 at 100.00
|
N/R (5)
|
183,985
|
|
Bonds, Westminster Canterbury of the Blue Ridge First Mortgage, Series 2001, 6.200%, 1/01/31
|
|
|
|
|
(Pre-refunded 1/01/12)
|
|
|
|
1,000
|
Bristol, Virginia, General Obligation Utility System Revenue Bonds, Series 2002, 5.000%,
|
No Opt. Call
|
AAA
|
1,134,340
|
|
11/01/24 – FSA Insured (ETM)
|
|
|
|
40
|
Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health
|
11/12 at 100.00
|
A3 (5)
|
45,490
|
|
System Inc., Series 2002A, 5.600%, 11/15/30 (Pre-refunded 11/15/12)
|
|
|
|
|
Loudoun County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Loudoun
|
|
|
|
|
Hospital Center, Series 2002A:
|
|
|
|
250
|
6.000%, 6/01/22 (Pre-refunded 6/01/12)
|
6/12 at 101.00
|
N/R (5)
|
285,300
|
600
|
6.100%, 6/01/32 (Pre-refunded 6/01/12)
|
6/12 at 101.00
|
N/R (5)
|
686,340
|
1,000
|
Newport News, Virginia, General Obligation Bonds, Series 2003B, 5.000%, 11/01/22
|
11/13 at 100.00
|
AA (5)
|
1,141,320
|
|
(Pre-refunded 11/01/13)
|
|
|
|
2,750
|
Puerto Rico Infrastructure Financing Authority, Special Obligation Bonds, Series 2000A,
|
10/10 at 101.00
|
AAA
|
2,927,100
|
|
5.500%, 10/01/40 (Pre-refunded 10/01/10)
|
|
|
|
1,100
|
Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding
|
7/12 at 100.00
|
BBB– (5)
|
1,214,796
|
|
Bonds, Series 2002D, 5.250%, 7/01/27 (Pre-refunded 7/01/12)
|
|
|
|
455
|
Puerto Rico Public Finance Corporation, Commonwealth Appropriation Bonds, Series 2002E,
|
2/12 at 100.00
|
AAA
|
499,686
|
|
5.500%, 8/01/29 (Pre-refunded 2/01/12)
|
|
|
|
445
|
Rockbridge County Industrial Development Authority, Virginia, Horse Center Revenue Refunding
|
7/11 at 105.00
|
B2 (5)
|
489,892
|
|
Bonds, Series 2001C, 6.850%, 7/15/21 (Pre-refunded 7/15/11)
|
|
|
|
1,000
|
Staunton, Virginia, General Obligation Bonds, Series 2004, 6.250%, 2/01/25 (Pre-refunded
|
2/14 at 101.00
|
Aa3 (5)
|
1,200,460
|
|
2/01/14) – AMBAC Insured
|
|
|
|
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset-Backed Bonds,
|
|
|
|
|
Series 2005:
|
|
|
|
490
|
5.250%, 6/01/19 (Pre-refunded 6/01/12)
|
6/12 at 100.00
|
AAA
|
515,240
|
2,700
|
5.500%, 6/01/26 (Pre-refunded 6/01/15)
|
6/15 at 100.00
|
AAA
|
3,022,137
|
725
|
Virginia Resources Authority, Infrastructure Revenue Bonds, Prerefunded-Pooled Loan Bond
|
5/10 at 101.00
|
AA (5)
|
754,631
|
|
Program, Series 2001D, 5.000%, 5/01/26 (Pre-refunded 5/01/10)
|
|
|
|
12,720
|
Total U.S. Guaranteed
|
|
|
14,100,717
|
|
Utilities – 2.4% (1.6% of Total Investments)
|
|
|
|
2,000
|
Mecklenburg County Industrial Development Authority, Virginia, Revenue Bonds, UAE Mecklenburg
|
10/12 at 100.00
|
Baa1
|
1,903,620
|
|
Cogeneration LP, Series 2002, 6.500%, 10/15/17 (Alternative Minimum Tax)
|
|
|
|
|
Water and Sewer – 17.5% (11.9% of Total Investments)
|
|
|
|
805
|
Fairfax County Water Authority, Virginia, Water Revenue Refunding Bonds, Series 2002,
|
4/12 at 100.00
|
AAA
|
824,747
|
|
5.000%, 4/01/27
|
|
|
|
|
Henry County Public Service Authority, Virginia, Water and Sewerage Revenue Refunding Bonds,
|
|
|
|
|
Series 2001:
|
|
|
|
1,000
|
5.500%, 11/15/17 – FSA Insured
|
No Opt. Call
|
AAA
|
1,167,610
|
3,000
|
5.500%, 11/15/19 – FSA Insured
|
No Opt. Call
|
AAA
|
3,507,660
|
|
Norfolk, Virginia, Water Revenue Refunding Bonds, Series 2001:
|
|
|
|
1,080
|
5.000%, 11/01/18 – FGIC Insured
|
11/11 at 100.00
|
AA+
|
1,132,661
|
1,190
|
5.000%, 11/01/19 – FGIC Insured
|
11/11 at 100.00
|
AA+
|
1,248,024
|
1,525
|
5.000%, 11/01/24 – FGIC Insured
|
11/11 at 100.00
|
AA+
|
1,585,207
|
1,000
|
Virginia Beach, Virginia, Water and Sewer System Revenue Bonds, Series 2005, 5.000%, 10/01/30
|
10/15 at 100.00
|
AAA
|
1,027,380
|
2,250
|
Virginia Resources Authority, Water and Sewerage System Revenue Bonds, Caroline County Public
|
5/11 at 101.00
|
AA
|
2,292,975
|
|
Improvements Project, Series 2001, 5.000%, 5/01/32
|
|
|
|
990
|
Virginia State Resources Authority, Clean Water Revenue Bonds, Series 2007, Trust 3036,
|
10/17 at 100.00
|
AAA
|
1,139,896
|
|
13.070%, 10/01/29 (IF)
|
|
|
|
12,840
|
Total Water and Sewer
|
|
|
13,926,160
|
$ 120,304
|
Total Investments (cost $119,395,576) – 147.6%
|
|
|
117,298,173
|
|
Floating Rate Obligations – (3.7)%
|
|
|
(2,980,000)
|
|
Other Assets Less Liabilities – 2.6%
|
|
|
2,087,617
|
|
Preferred Shares, at Liquidation Value – (46.5)% (6)
|
|
|
(36,925,000)
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 79,480,790
|