|
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|
|
|
|
|
|
Portfolio of Investments (Unaudited)
|
|
|
|
|
|
Nuveen Virginia Dividend Advantage Municipal Fund 2 (NNB)
|
|
|
|
|
|
February 29, 2012
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
Optional Call
|
|
|
Amount (000)
|
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Consumer Staples – 4.5% (3.1% of Total Investments)
|
|
|
|
$ 12,000
|
|
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Bonds, Series 2005A,
|
5/15 at 11.19
|
BBB–
|
$ 822,240
|
|
|
0.000%, 5/15/50
|
|
|
|
200
|
|
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,
|
5/12 at 100.00
|
Baa3
|
197,480
|
|
|
Series 2002, 5.500%, 5/15/39
|
|
|
|
3,100
|
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds,
|
6/17 at 100.00
|
B2
|
2,033,166
|
|
|
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
|
B2
|
974,259
|
|
|
Series 2007B2, 5.200%, 6/01/46
|
|
|
|
16,730
|
|
Total Consumer Staples
|
|
|
4,027,145
|
|
|
Education and Civic Organizations – 5.4% (3.6% of Total Investments)
|
|
|
|
1,000
|
|
Fairfax County Economic Development Authority, Virginia, Revenue Bonds, National Wildlife
|
9/12 at 100.00
|
A3
|
1,003,380
|
|
|
Federation, Series 1999, 5.375%, 9/01/29 – NPFG Insured
|
|
|
|
280
|
|
Lexington Industrial Development Authority, Virginia, Educational Facilities Revenue Bonds,
|
6/19 at 100.00
|
Aa2
|
312,486
|
|
|
VMI Dvelopment Board Project, Series 2006C, 5.000%, 12/01/36
|
|
|
|
1,000
|
|
Prince William County Industrial Development Authority, Virginia, Educational Facilities
|
10/13 at 101.00
|
A2
|
1,032,930
|
|
|
Revenue Bonds, Catholic Diocese of Arlington, Series 2003, 5.500%, 10/01/33
|
|
|
|
950
|
|
Prince William County Industrial Development Authority, Virginia, Student Housing Revenue
|
9/21 at 100.00
|
A
|
1,024,851
|
|
|
Bonds, George Mason University Foundation Prince William Housing LLC Project, Series 2011A,
|
|
|
|
|
|
5.125%, 9/01/41
|
|
|
|
1,400
|
|
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities
|
12/12 at 101.00
|
BBB–
|
1,413,524
|
|
|
Financing Authority, Higher Education Revenue Refunding Bonds, Ana G. Mendez University
|
|
|
|
|
|
System, Series 2002, 5.375%, 12/01/21
|
|
|
|
4,630
|
|
Total Education and Civic Organizations
|
|
|
4,787,171
|
|
|
Health Care – 26.1% (17.6% of Total Investments)
|
|
|
|
1,500
|
|
Albemarle County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Martha
|
10/12 at 100.00
|
A3
|
1,512,630
|
|
|
Jefferson Hospital, Series 2002, 5.250%, 10/01/35
|
|
|
|
2,000
|
|
Arlington County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Virginia
|
7/20 at 100.00
|
A1
|
2,155,960
|
|
|
Hospital Center Arlington Health System, Refunding Series 2010, 5.000%, 7/01/31
|
|
|
|
895
|
|
Charlotte County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Halifax
|
9/17 at 100.00
|
A–
|
939,061
|
|
|
Regional Hospital Incorporated, Series 2007, 5.000%, 9/01/27
|
|
|
|
685
|
|
Chesterfield County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours
|
11/20 at 100.00
|
AA–
|
733,964
|
|
|
Health, Series 2010C-2, 5.000%, 11/01/42 – AGC Insured
|
|
|
|
1,070
|
|
Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Inova
|
5/19 at 100.00
|
AA+
|
1,445,805
|
|
|
Health System, Series 2009, Trust 11733, 14.922%, 11/15/29 (IF)
|
|
|
|
3,000
|
|
Fauquier County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Fauquier
|
10/12 at 102.00
|
BBB+
|
3,088,080
|
|
|
Hospital, Series 2002, 5.250%, 10/01/25 – RAAI Insured
|
|
|
|
1,000
|
|
Fredericksburg Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds,
|
No Opt. Call
|
Baa1
|
1,184,850
|
|
|
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
|
Baa1
|
676,782
|
|
|
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
|
1,540,650
|
|
|
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–
|
969,590
|
|
|
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
|
1,169,022
|
|
|
Hospital, Series 2002, 5.250%, 4/01/33
|
|
|
|
|
|
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
|
Baa1
|
1,331,938
|
655
|
|
5.250%, 6/15/31
|
6/16 at 100.00
|
Baa1
|
682,903
|
1,095
|
|
5.250%, 6/15/37
|
6/16 at 100.00
|
Baa1
|
1,124,729
|
1,250
|
|
Virginia Small Business Finance Authority, Healthcare Facilities Revenue Bonds, Sentara
|
5/20 at 100.00
|
AA
|
1,342,200
|
|
|
Healthcare, Refunding Series 2010, 5.000%, 11/01/40
|
|
|
|
1,430
|
|
Virginia Small Business Financing Authority, Wellmont Health System Project Revenue Bonds,
|
9/17 at 100.00
|
BBB+
|
1,459,773
|
|
|
Series 2007A, 5.250%, 9/01/37
|
|
|
|
720
|
|
Winchester Industrial Development Authority, Virginia, Hospital Revenue Bonds Valley Health
|
1/19 at 100.00
|
A+
|
780,178
|
|
|
System Obligated Group, Series 2009E, 5.625%, 1/01/44
|
|
|
|
715
|
|
Winchester Industrial Development Authority, Virginia, Hospital Revenue Bonds, Winchester
|
1/17 at 100.00
|
A+
|
761,847
|
|
|
Medical Center, Series 2007, 5.125%, 1/01/31
|
|
|
|
340
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care,
|
4/20 at 100.00
|
A3
|
367,581
|
|
|
Inc., Series 2010A, 5.625%, 4/15/39
|
|
|
|
21,895
|
|
Total Health Care
|
|
|
23,267,543
|
|
|
Housing/Multifamily – 1.0% (0.7% of Total Investments)
|
|
|
|
200
|
|
Virginia Housing Development Authority, Rental Housing Bonds, Series 2010A, 5.000%, 4/01/45
|
10/19 at 100.00
|
AA+
|
207,926
|
175
|
|
Virginia Housing Development Authority, Rental Housing Bonds, Series 2010C, 4.550%, 8/01/32
|
2/20 at 100.00
|
AA+
|
183,414
|
500
|
|
Waynesboro Redevelopment and Housing Authority, Virginia, Multifamily Housing Revenue Bonds,
|
No Opt. Call
|
AA+
|
519,620
|
|
|
Epworth Manor, GNMA Collateralized Series 2010, 5.000%, 10/20/51
|
|
|
|
875
|
|
Total Housing/Multifamily
|
|
|
910,960
|
|
|
Housing/Single Family – 4.6% (3.1% of Total Investments)
|
|
|
|
500
|
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2005C-2, 4.750%,
|
1/15 at 100.00
|
AAA
|
504,660
|
|
|
10/01/32 (Alternative Minimum Tax)
|
|
|
|
920
|
|
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2006, 4.800%,
|
7/15 at 100.00
|
AAA
|
931,969
|
|
|
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
|
2,635,958
|
|
|
7/01/32 (Alternative Minimum Tax)
|
|
|
|
4,020
|
|
Total Housing/Single Family
|
|
|
4,072,587
|
|
|
Long-Term Care – 12.3% (8.4% of Total Investments)
|
|
|
|
1,300
|
|
Albemarle County Industrial Development Authority, Virginia, Residential Care Facilities Mortgage
|
1/17 at 100.00
|
N/R
|
1,292,070
|
|
|
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
|
588,809
|
|
|
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
|
1,845,311
|
|
|
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
|
A–
|
520,030
|
|
|
Greenspring Village, Series 2006A, 4.750%, 10/01/26
|
|
|
|
1,605
|
|
Henrico County Economic Development Authority, Virginia, Residential Care Facility Revenue
|
No Opt. Call
|
BBB
|
1,618,996
|
|
|
Bonds, Westminster Canterbury of Richmond, Series 2006, 5.000%, 10/01/35
|
|
|
|
1,800
|
|
Industrial Development Authority of the County of Prince William, Virginia, Residential Care
|
1/17 at 100.00
|
N/R
|
1,275,894
|
|
|
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 100.00
|
N/R
|
1,352,849
|
|
|
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
|
864,707
|
|
|
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
|
648,434
|
|
|
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
|
664,378
|
|
|
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
|
334,146
|
|
|
Bonds, Westminster-Canterbury of Winchester Inc., Series 2005A, 5.200%, 1/01/27
|
|
|
|
11,615
|
|
Total Long-Term Care
|
|
|
11,005,624
|
|
|
Tax Obligation/General – 9.5% (6.4% of Total Investments)
|
|
|
|
200
|
|
Charlottesville, Virginia, General Obligation Bonds, Refunding Public Improvement Series
|
No Opt. Call
|
AAA
|
200,970
|
|
|
2009B, 3.000%, 5/01/12
|
|
|
|
1,000
|
|
Loudoun County, Virginia, General Obligation Bonds, Series 2006B, 5.000%, 12/01/25
|
12/16 at 100.00
|
AAA
|
1,157,210
|
95
|
|
Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2002A,
|
5/12 at 100.00
|
AAA
|
95,770
|
|
|
5.250%, 5/01/22
|
|
|
|
1,000
|
|
Norfolk, Virginia, General Obligation Bonds, Capital Improvement Series 2008C, 5.000%, 4/01/12
|
No Opt. Call
|
AA
|
1,004,350
|
1,200
|
|
Portsmouth, Virginia, General Obligation Bonds, Refunding Series 2010D, 5.000%, 7/15/34
|
7/20 at 100.00
|
AA
|
1,362,780
|
1,280
|
|
Roanoke, Virginia, General Obligation Public Improvement Bonds, Series 2002B, 5.000%, 10/01/15 –
|
10/12 at 101.00
|
AA
|
1,318,029
|
|
|
FGIC Insured (Alternative Minimum Tax)
|
|
|
|
2,900
|
|
Virginia Beach, Virginia, General Obligation Bonds, Series 2008, 5.000%, 10/01/26 (UB)
|
10/17 at 100.00
|
AAA
|
3,304,637
|
7,675
|
|
Total Tax Obligation/General
|
|
|
8,443,746
|
|
|
Tax Obligation/Limited – 31.3% (21.1% of Total Investments)
|
|
|
|
100
|
|
Bell Creek Community Development Authority, Virginia, Special Assessment Bonds, Series 2003A,
|
3/13 at 101.00
|
N/R
|
101,359
|
|
|
6.750%, 3/01/22
|
|
|
|
|
|
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
|
175,663
|
165
|
|
5.500%, 7/15/35 – ACA Insured
|
7/15 at 100.00
|
N/R
|
133,165
|
800
|
|
Fairfax County Economic Development Authority, Virginia, Lease Revenue Bonds, Joint Public
|
5/16 at 100.00
|
AA+
|
916,656
|
|
|
Uses Community Project, Series 2006, 5.000%, 5/15/18
|
|
|
|
|
|
Government of Guam, Business Privilege Tax Bonds, Series 2011A:
|
|
|
|
510
|
|
5.000%, 1/01/31
|
1/22 at 100.00
|
A
|
565,345
|
500
|
|
5.250%, 1/01/36
|
1/22 at 100.00
|
A
|
556,205
|
1,900
|
|
Greater Richmond Convention Center Authority, Virginia, Hotel Tax Revenue Bonds, Series 2005,
|
6/15 at 100.00
|
A
|
1,986,944
|
|
|
5.000%, 6/15/30 – NPFG Insured
|
|
|
|
1,415
|
|
Loudoun County Industrial Development Authority, Virginia, Lease Revenue Refunding Bonds,
|
3/13 at 100.00
|
AA+
|
1,470,496
|
|
|
Public Facility Project, Series 2003, 5.000%, 3/01/19
|
|
|
|
285
|
|
Montgomery County Industrial Development Authority, Virginia, Public Facility Lease Revnue
|
2/18 at 100.00
|
AA–
|
313,033
|
|
|
Bonds, Public Projects Series 2008, 5.000%, 2/01/29
|
|
|
|
2,755
|
|
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.250%,
|
No Opt. Call
|
Baa1
|
2,999,258
|
|
|
7/01/31 – AMBAC Insured
|
|
|
|
2,000
|
|
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005A,
|
No Opt. Call
|
BBB+
|
778,680
|
|
|
0.000%, 7/01/29 – AMBAC Insured
|
|
|
|
2,000
|
|
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005C,
|
No Opt. Call
|
BBB+
|
2,249,040
|
|
|
5.500%, 7/01/26 – AMBAC Insured
|
|
|
|
400
|
|
Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding
|
7/12 at 100.00
|
Baa1
|
401,160
|
|
|
Bonds, Series 2002D, 5.250%, 7/01/27
|
|
|
|
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate
|
|
|
|
|
|
Series 2009A:
|
|
|
|
1,000
|
|
5.750%, 8/01/37
|
8/19 at 100.00
|
A+
|
1,119,220
|
1,100
|
|
6.000%, 8/01/42
|
8/19 at 100.00
|
A+
|
1,248,731
|
1,625
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
|
2/20 at 100.00
|
A+
|
1,771,201
|
|
|
2010A, 5.500%, 8/01/42
|
|
|
|
10,000
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%,
|
No Opt. Call
|
Aa2
|
2,017,600
|
|
|
8/01/41 – NPFG Insured
|
|
|
|
645
|
|
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 2005BB,
|
No Opt. Call
|
AA–
|
751,006
|
|
|
5.250%, 7/01/22 – AGM Insured
|
|
|
|
1,000
|
|
Spotsylvania County Industrial Development Authority, Virginia, Lease Revenue Bonds, School
|
8/13 at 100.00
|
N/R
|
1,053,830
|
|
|
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
|
Baa2
|
1,090,540
|
|
|
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, Lease Revenue Bonds, Public Facility
|
4/18 at 100.00
|
AA–
|
1,737,238
|
|
|
Projects, Series 2008, 5.000%, 4/01/33 – AGC Insured (UB)
|
|
|
|
1,000
|
|
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Subordinate
|
10/20 at 100.00
|
Baa2
|
1,060,580
|
|
|
Lien Series 2010B, 5.250%, 10/01/29
|
|
|
|
535
|
|
Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century
|
2/19 at 100.00
|
AA+
|
826,308
|
|
|
College Program, Series 2009, Trust 09-3B, 13.477%, 2/01/27 (IF) (4)
|
|
|
|
535
|
|
Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century
|
2/19 at 100.00
|
AA+
|
821,792
|
|
|
College Program, Series 2009, Trust 09-4B, 13.577%, 2/01/28 (IF) (4)
|
|
|
|
651
|
|
Virginia Gateway Community Development Authority, Prince William County, Special Assessment
|
3/13 at 102.00
|
N/R
|
668,212
|
|
|
Bonds, Series 2003, 6.375%, 3/01/30
|
|
|
|
1,000
|
|
Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2009C,
|
No Opt. Call
|
AA+
|
1,069,000
|
|
|
5.000%, 8/01/13
|
|
|
|
34,741
|
|
Total Tax Obligation/Limited
|
|
|
27,882,262
|
|
|
Transportation – 14.1% (9.5% of Total Investments)
|
|
|
|
|
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Capital
|
|
|
|
|
|
Appriciation Series 2009B-2:
|
|
|
|
2,000
|
|
0.000%, 10/01/26 – AGC Insured
|
No Opt. Call
|
AA–
|
1,013,360
|
5,850
|
|
0.000%, 10/01/34 – AGC Insured
|
No Opt. Call
|
AA–
|
1,784,835
|
4,290
|
|
0.000%, 10/01/39 – AGC Insured
|
No Opt. Call
|
AA–
|
964,864
|
|
|
Metropolitan Washington D.C. Airports Authority, Airport System Revenue Bonds, Refunding
|
|
|
|
|
|
Series 2010B:
|
|
|
|
1,000
|
|
5.000%, 10/01/12 (Alternative Minimum Tax)
|
No Opt. Call
|
AA–
|
1,028,780
|
750
|
|
5.000%, 10/01/26 (Alternative Minimum Tax)
|
No Opt. Call
|
AA–
|
833,693
|
1,000
|
|
Metropolitan Washington D.C. Airports Authority, Airport System Revenue Bonds, Series 2002A,
|
10/12 at 100.00
|
AA–
|
1,022,290
|
|
|
5.125%, 10/01/26 – FGIC Insured (Alternative Minimum Tax)
|
|
|
|
175
|
|
Metropolitan Washington D.C. Airports Authority, Airport System Revenue Bonds, Series 2010A,
|
10/20 at 100.00
|
AA–
|
192,077
|
|
|
5.000%, 10/01/35
|
|
|
|
2,200
|
|
Metropolitan Washington DC Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
10/28 at 100.00
|
BBB+
|
1,627,670
|
|
|
Dulles Metrorail Capital Appreciation, Series 2010B, 0.000%, 10/01/44
|
|
|
|
1,500
|
|
Norfolk, Virginia, Parking System Revenue Bonds, Series 2005A, 5.000%, 2/01/23 – NPFG Insured
|
2/15 at 100.00
|
BBB
|
1,559,910
|
745
|
|
Virginia Port Authority, Port Facilities Revenue Refunding Bonds Series 2010, 5.000%, 7/01/40
|
7/19 at 100.00
|
Aa3
|
812,460
|
1,700
|
|
Virginia Port Authority, Revenue Bonds, Port Authority Facilities, Series 2006, 5.000%,
|
7/13 at 100.00
|
Aa3
|
1,725,075
|
|
|
7/01/36 – FGIC Insured (Alternative Minimum Tax)
|
|
|
|
21,210
|
|
Total Transportation
|
|
|
12,565,014
|
|
|
U.S. Guaranteed – 24.4% (16.5% of Total Investments) (5)
|
|
|
|
1,000
|
|
Bristol, Virginia, General Obligation Utility System Revenue Bonds, Series 2002, 5.000%,
|
No Opt. Call
|
AA– (5)
|
1,227,780
|
|
|
11/01/24 – AGM Insured (ETM)
|
|
|
|
748
|
|
Broad Street Community Development Authority, Virginia, Revenue Bonds, Series 2003, 7.500%,
|
6/13 at 102.00
|
N/R (5)
|
824,827
|
|
|
6/01/33 (Pre-refunded 6/01/13)
|
|
|
|
805
|
|
Fairfax County Water Authority, Virginia, Water Revenue Refunding Bonds, Series 2002, 5.000%,
|
4/12 at 100.00
|
AAA
|
808,494
|
|
|
4/01/27 (Pre-refunded 4/01/12)
|
|
|
|
40
|
|
Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health
|
11/12 at 100.00
|
A3 (5)
|
41,543
|
|
|
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)
|
256,145
|
600
|
|
6.100%, 6/01/32 (Pre-refunded 6/01/12)
|
6/12 at 101.00
|
N/R (5)
|
614,898
|
385
|
|
Loudoun County Industrial Development Authority, Virginia, Lease Revenue Refunding Bonds,
|
3/13 at 100.00
|
N/R (5)
|
403,484
|
|
|
Public Facility Project, Series 2003, 5.000%, 3/01/19 (Pre-refunded 3/01/13)
|
|
|
|
1,000
|
|
Newport News, Virginia, General Obligation Bonds, Series 2003B, 5.000%, 11/01/22
|
11/13 at 100.00
|
Aa1 (5)
|
1,078,830
|
|
|
(Pre-refunded 11/01/13)
|
|
|
|
1,100
|
|
Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding
|
7/12 at 100.00
|
Baa1 (5)
|
1,118,821
|
|
|
Bonds, Series 2002D, 5.250%, 7/01/27 (Pre-refunded 7/01/12)
|
|
|
|
355
|
|
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 2005BB,
|
No Opt. Call
|
AA– (5)
|
462,845
|
|
|
5.250%, 7/01/22 – AGM Insured (ETM)
|
|
|
|
3,915
|
|
Roanoke Industrial Development Authority, Virginia, Hospital Revenue Bonds, Carilion Health
|
7/12 at 100.00
|
A+ (5)
|
3,985,705
|
|
|
System, Series 2002A, 5.500%, 7/01/20 (Pre-refunded 7/01/12) – NPFG Insured
|
|
|
|
|
|
Roanoke, Virginia, General Obligation Public Improvement Bonds, Series 2002A:
|
|
|
|
1,950
|
|
5.000%, 10/01/18 (Pre-refunded 10/01/12)
|
10/12 at 101.00
|
AA (5)
|
2,025,309
|
2,435
|
|
5.000%, 10/01/19 (Pre-refunded 10/01/12)
|
10/12 at 101.00
|
AA (5)
|
2,529,040
|
1,000
|
|
Staunton, Virginia, General Obligation Bonds, Series 2004, 6.250%, 2/01/25 (Pre-refunded
|
2/14 at 101.00
|
Aa2 (5)
|
1,126,140
|
|
|
2/01/14) – AMBAC Insured
|
|
|
|
|
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset-Backed Bonds,
|
|
|
|
|
|
Series 2005:
|
|
|
|
95
|
|
5.250%, 6/01/19 (Pre-refunded 6/01/12)
|
6/12 at 100.00
|
Aaa
|
96,228
|
2,700
|
|
5.500%, 6/01/26 (Pre-refunded 6/01/15)
|
6/15 at 100.00
|
Aaa
|
2,959,524
|
700
|
|
Virginia Beach Development Authority, Public Facilities Revenue Bonds, Series 2005A, 5.000%,
|
5/15 at 100.00
|
AA+ (5)
|
801,374
|
|
|
5/01/22 (Pre-refunded 5/01/15)
|
|
|
|
600
|
|
Virginia Beach, Virginia, General Obligation Bonds, Series 2005, 5.000%, 1/15/20
|
1/16 at 100.00
|
AAA
|
702,425
|
|
|
(Pre-refunded 1/15/16)
|
|
|
|
570
|
|
Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2005C,
|
8/15 at 100.00
|
AA+ (5)
|
649,986
|
|
|
5.000%, 8/01/17 (Pre-refunded 8/01/15)
|
|
|
|
20,248
|
|
Total U.S. Guaranteed
|
|
|
21,713,398
|
|
|
Utilities – 2.2% (1.5% of Total Investments)
|
|
|
|
2,000
|
|
Mecklenburg County Industrial Development Authority, Virginia, Revenue Bonds, UAE Mecklenburg
|
10/12 at 100.00
|
Baa1
|
2,011,760
|
|
|
Cogeneration LP, Series 2002, 6.500%, 10/15/17 (Alternative Minimum Tax)
|
|
|
|
|
|
Water and Sewer – 12.6% (8.5% of Total Investments)
|
|
|
|
|
|
Henry County Public Service Authority, Virginia, Water and Sewerage Revenue Refunding Bonds,
|
|
|
|
|
|
Series 2001:
|
|
|
|
1,000
|
|
5.500%, 11/15/17 – AGM Insured
|
No Opt. Call
|
AA–
|
1,197,110
|
3,000
|
|
5.500%, 11/15/19 – AGM Insured
|
No Opt. Call
|
AA–
|
3,714,840
|
|
|
Norfolk, Virginia, Water Revenue Refunding Bonds, Series 2001:
|
|
|
|
1,080
|
|
5.000%, 11/01/18 – FGIC Insured
|
5/12 at 100.00
|
AA+
|
1,084,115
|
1,190
|
|
5.000%, 11/01/19 – FGIC Insured
|
5/12 at 100.00
|
AA+
|
1,194,534
|
1,525
|
|
5.000%, 11/01/24 – FGIC Insured
|
5/12 at 100.00
|
AA+
|
1,530,414
|
1,000
|
|
Virginia Beach, Virginia, Water and Sewer System Revenue Bonds, Series 2005, 5.000%, 10/01/30
|
10/15 at 100.00
|
AAA
|
1,125,006
|
990
|
|
Virginia State Resources Authority, Clean Water Revenue Bonds, Series 2007, Trust 3036,
|
No Opt. Call
|
AAA
|
1,349,637
|
|
|
13.424%, 10/01/15 (IF)
|
|
|
|
9,785
|
|
Total Water and Sewer
|
|
|
11,195,656
|
$ 155,424
|
|
Total Investments (cost $124,843,102) – 148.0%
|
|
|
131,882,866
|
|
|
Floating Rate Obligations – (3.3)%
|
|
|
(2,980,000)
|
|
|
MuniFund Term Preferred Shares, at Liquidation Value – (48.5)% (6)
|
|
|
(43,200,000)
|
|
|
Other Assets Less Liabilities – 3.8%
|
|
|
3,421,105
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 89,123,971
|