Portfolio of Investments (Unaudited)
|
|||||
Nuveen New Jersey Dividend Advantage Municipal Fund (NXJ)
|
|||||
July 31, 2010
|
|||||
Principal
|
Optional Call
|
||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Consumer Discretionary – 0.3% (0.2% of Total Investments)
|
|||||
Middlesex County Improvement Authority, New Jersey, Senior Revenue Bonds, Heldrich Center
|
|||||
Hotel/Conference Center Project, Series 2005A:
|
|||||
$ 260
|
5.000%, 1/01/32
|
1/15 at 100.00
|
B3
|
$ 146,661
|
|
230
|
5.125%, 1/01/37
|
1/15 at 100.00
|
B3
|
129,768
|
|
490
|
Total Consumer Discretionary
|
276,429
|
|||
Consumer Staples – 3.6% (2.5% of Total Investments)
|
|||||
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
|
|||||
Series 2007-1A:
|
|||||
2,095
|
4.750%, 6/01/34
|
6/17 at 100.00
|
BBB
|
1,484,538
|
|
3,000
|
5.000%, 6/01/41
|
6/17 at 100.00
|
BBB
|
1,977,270
|
|
5,095
|
Total Consumer Staples
|
3,461,808
|
|||
Education and Civic Organizations – 17.8% (12.3% of Total Investments)
|
|||||
250
|
New Jersey Educational Facilities Authority, Revenue Bonds, Fairleigh Dickinson University,
|
7/14 at 100.00
|
N/R
|
252,265
|
|
Series 2004C, 5.500%, 7/01/23
|
|||||
325
|
New Jersey Educational Facilities Authority, Revenue Bonds, Georgian Court University, Series
|
7/17 at 100.00
|
BBB+
|
321,750
|
|
2007D, 5.250%, 7/01/37
|
|||||
New Jersey Educational Facilities Authority, Revenue Bonds, Kean University, Series 2007D:
|
|||||
1,115
|
5.000%, 7/01/32 – FGIC Insured
|
7/17 at 100.00
|
A
|
1,133,531
|
|
735
|
5.000%, 7/01/39 – FGIC Insured
|
7/17 at 100.00
|
A
|
745,915
|
|
60
|
New Jersey Educational Facilities Authority, Revenue Bonds, Montclair State University, Series
|
7/14 at 100.00
|
A1
|
63,394
|
|
2004L, 5.125%, 7/01/21 – NPFG Insured
|
|||||
970
|
New Jersey Educational Facilities Authority, Revenue Bonds, Montclair State University, Series
|
7/16 at 100.00
|
A1
|
983,095
|
|
2006A, 5.000%, 7/01/36 – AMBAC Insured
|
|||||
1,000
|
New Jersey Educational Facilities Authority, Revenue Bonds, New Jersey Institute of
|
7/11 at 100.00
|
A+
|
1,034,010
|
|
Technology, Series 2001G, 5.250%, 7/01/18 – NPFG Insured
|
|||||
1,000
|
New Jersey Educational Facilities Authority, Revenue Bonds, New Jersey Institute of
|
1/14 at 100.00
|
A+
|
1,047,100
|
|
Technology, Series 2004B, 5.000%, 7/01/21 – AMBAC Insured
|
|||||
1,085
|
New Jersey Educational Facilities Authority, Revenue Bonds, Rowan College, Series 2001C,
|
7/11 at 101.00
|
A+
|
1,094,830
|
|
5.000%, 7/01/31 – FGIC Insured
|
|||||
630
|
New Jersey Educational Facilities Authority, Revenue Bonds, William Paterson University,
|
7/14 at 100.00
|
A1
|
674,806
|
|
Series 2004A, 5.125%, 7/01/19 – FGIC Insured
|
|||||
300
|
New Jersey Educational Facilities Authority, Revenue Refunding Bonds, Rider University, Series
|
7/12 at 100.00
|
Baa1
|
307,938
|
|
2002A, 5.000%, 7/01/17 – RAAI Insured
|
|||||
200
|
New Jersey Educational Facilities Authority, Revenue Refunding Bonds, Seton Hall University
|
7/11 at 100.00
|
A
|
206,988
|
|
Project, Series 2001A, 5.250%, 7/01/16 – AMBAC Insured
|
|||||
New Jersey Educational Facilities Authority, Revenue Refunding Bonds, Seton Hall University
|
|||||
Project, Series 2001G:
|
|||||
3,820
|
4.875%, 7/01/21 – AMBAC Insured
|
7/11 at 100.00
|
A
|
3,860,109
|
|
1,600
|
5.000%, 7/01/26 – AMBAC Insured
|
7/11 at 100.00
|
A
|
1,632,128
|
|
135
|
New Jersey Higher Education Assistance Authority Student Loan Revenue Bonds Series 2010-2,
|
12/20 at 100.00
|
Aa3
|
136,076
|
|
5.000%, 12/01/30
|
|||||
270
|
New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2010-1A,
|
12/19 at 100.00
|
AA
|
275,230
|
|
5.000%, 12/01/25
|
|||||
300
|
New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Tender Option
|
6/19 at 100.00
|
AA
|
371,412
|
|
Bond Trust PA-4643, 19.287%, 6/01/30 (IF) (4)
|
|||||
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities
|
|||||
Financing Authority, Higher Education Revenue Bonds, University of the Sacred Heart,
|
|||||
Series 2001:
|
|||||
2,000
|
5.250%, 9/01/21
|
9/11 at 100.00
|
BBB
|
2,011,420
|
|
500
|
5.250%, 9/01/31
|
9/11 at 100.00
|
BBB
|
494,945
|
|
500
|
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities
|
12/12 at 101.00
|
BBB–
|
488,910
|
|
Financing Authority, Higher Education Revenue Refunding Bonds, Ana G. Mendez University
|
|||||
System, Series 2002, 5.500%, 12/01/31
|
|||||
16,795
|
Total Education and Civic Organizations
|
17,135,852
|
|||
Energy – 1.0% (0.7% of Total Investments)
|
|||||
1,000
|
Virgin Islands, Senior Secured Revenue Bonds, Government Refinery Facilities – Hovensa LLC
|
1/13 at 100.00
|
Baa3
|
1,016,770
|
|
Coker, Series 2002, 6.500%, 7/01/21 (Alternative Minimum Tax)
|
|||||
Financials – 1.8% (1.3% of Total Investments)
|
|||||
850
|
New Jersey Economic Development Authority, Economic Development Revenue Bonds, Glimcher
|
11/10 at 100.00
|
N/R
|
769,616
|
|
Properties LP, Series 1998, 6.000%, 11/01/28 (Alternative Minimum Tax)
|
|||||
250
|
New Jersey Economic Development Authority, Industrial Development Revenue Refunding Bonds,
|
10/10 at 100.00
|
Ba1
|
251,148
|
|
Newark Airport Marriott Hotel, Series 1996, 7.000%, 10/01/14
|
|||||
750
|
New Jersey Economic Development Authority, Revenue Refunding Bonds, Kapkowski Road Landfill
|
No Opt. Call
|
Baa3
|
774,473
|
|
Project, Series 2002, 5.750%, 10/01/21
|
|||||
1,850
|
Total Financials
|
1,795,237
|
|||
Health Care – 22.3% (15.5% of Total Investments)
|
|||||
310
|
Camden County Improvement Authority, New Jersey, Revenue Bonds, Cooper Health System, Series
|
8/14 at 100.00
|
BBB
|
311,097
|
|
2004A, 5.750%, 2/15/34
|
|||||
560
|
New Jersey Health Care Facilities Finance Authority, Revenue Bonds, AHS Hospital Corporation,
|
7/18 at 100.00
|
A1
|
570,237
|
|
Series 2008A, 5.000%, 7/01/27
|
|||||
370
|
New Jersey Health Care Facilities Financing Authority, Hospital Revenue Bonds, Virtua Health,
|
7/19 at 100.00
|
AAA
|
473,200
|
|
Tender Option Bond Trust 3018, 19.156%, 7/01/38 – AGC Insured (IF)
|
|||||
865
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Atlanticare Regional
|
7/17 at 100.00
|
A+
|
872,007
|
|
Medical Center, Series 2007, 5.000%, 7/01/37
|
|||||
1,500
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, CentraState Medical
|
7/17 at 100.00
|
Aa3
|
1,536,945
|
|
Center, Series 2006A, 5.000%, 7/01/30 – AGC Insured
|
|||||
130
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Children’s Specialized
|
7/15 at 100.00
|
Baa3
|
127,703
|
|
Hospital, Series 2005A, 5.500%, 7/01/36
|
|||||
400
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Hunterdon Medical
|
7/16 at 100.00
|
A–
|
384,812
|
|
Center, Series 2006B, 5.000%, 7/01/36
|
|||||
180
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Hunterdon Medical
|
7/16 at 100.00
|
A–
|
176,395
|
|
Center, Series 2006, 5.125%, 7/01/35
|
|||||
3,500
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Kennedy Health System
|
7/11 at 100.00
|
A2
|
3,519,565
|
|
Obligated Group, Series 2001, 5.625%, 7/01/31
|
|||||
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Robert Wood Johnson
|
|||||
University Hospital, Series 2000:
|
|||||
750
|
5.750%, 7/01/25
|
1/11 at 100.00
|
A2
|
750,690
|
|
3,000
|
5.750%, 7/01/31
|
1/11 at 100.00
|
A2
|
3,001,800
|
|
445
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Barnabas Health
|
1/17 at 100.00
|
BB+
|
371,201
|
|
Care System, Series 2006A, 5.000%, 7/01/29
|
|||||
700
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Joseph’s
|
7/18 at 100.00
|
BBB–
|
729,001
|
|
Healthcare System Obligated Group Issue, Series 2008, 6.625%, 7/01/38
|
|||||
895
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Shore Memorial Health
|
7/13 at 100.00
|
N/R
|
867,228
|
|
System, Series 2003, 5.000%, 7/01/23 – RAAI Insured
|
|||||
2,000
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Somerset Medical Center,
|
7/13 at 100.00
|
Ba2
|
1,651,960
|
|
Series 2003, 5.500%, 7/01/33
|
|||||
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, South Jersey Hospital
|
|||||
System, Series 2006:
|
|||||
665
|
5.000%, 7/01/36
|
7/16 at 100.00
|
A2
|
662,101
|
|
615
|
5.000%, 7/01/46
|
7/16 at 100.00
|
A2
|
600,732
|
|
1,100
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, St. Peter’s University
|
1/11 at 100.00
|
Baa2
|
1,101,309
|
|
Hospital, Series 2000A, 6.875%, 7/01/20
|
|||||
2,500
|
New Jersey Health Care Facilities Financing Authority, Revenue Refunding Bonds, Burdette
|
1/11 at 100.00
|
A2
|
2,501,050
|
|
Tomlin Memorial Hospital, Series 1999, 5.500%, 7/01/29
|
|||||
1,275
|
New Jersey Health Facilities Financing Authority, Revenue Bonds, Meridian Health, Series
|
7/18 at 100.00
|
AAA
|
1,299,161
|
|
2007-I, 5.000%, 7/01/38 – AGC Insured
|
|||||
21,760
|
Total Health Care
|
21,508,194
|
|||
Housing/Multifamily – 0.9% (0.6% of Total Investments)
|
|||||
New Jersey Economic Development Authority, Student Hosuing Revenue Bonds, Provident
|
|||||
Group-Montclair Properties LLC, Montclair State University Student Housing Project,
|
|||||
Series 2010A:
|
|||||
560
|
5.750%, 6/01/31
|
6/20 at 100.00
|
Baa3
|
571,760
|
|
300
|
5.875%, 6/01/42
|
6/20 at 100.00
|
Baa3
|
304,560
|
|
860
|
Total Housing/Multifamily
|
876,320
|
|||
Long-Term Care – 2.7% (1.8% of Total Investments)
|
|||||
585
|
Burlington County Bridge Commission, New Jersey, Economic Development Revenue Bonds, The
|
1/18 at 100.00
|
N/R
|
515,116
|
|
Evergreens Project, Series 2007, 5.625%, 1/01/38
|
|||||
250
|
New Jersey Economic Development Authority, First Mortgage Revenue Bonds, Winchester Gardens at
|
11/14 at 100.00
|
N/R
|
250,720
|
|
Wards Homestead, Series 2004A, 5.800%, 11/01/31
|
|||||
New Jersey Economic Development Authority, Revenue Bonds, Masonic Charity Foundation of New
|
|||||
Jersey, Series 2001:
|
|||||
1,000
|
6.000%, 6/01/25
|
6/11 at 102.00
|
A–
|
1,028,780
|
|
335
|
5.500%, 6/01/31
|
6/11 at 102.00
|
A–
|
336,541
|
|
500
|
New Jersey Economic Development Authority, Revenue Bonds, United Methodist Homes of New Jersey
|
1/11 at 100.00
|
BB+
|
437,010
|
|
Obligated Group, Series 1998, 5.125%, 7/01/25
|
|||||
2,670
|
Total Long-Term Care
|
2,568,167
|
|||
Tax Obligation/General – 2.8% (2.0% of Total Investments)
|
|||||
1,000
|
Jersey City, New Jersey, General Obligation Bonds, Series 2006A, 5.000%, 9/01/22 –
|
9/16 at 100.00
|
Aa3
|
1,062,280
|
|
AMBAC Insured
|
|||||
300
|
Middletown Township Board of Education, Monmouth County, New Jersey, Refunding Series 2010,
|
8/20 at 100.00
|
AA
|
332,889
|
|
5.000%, 8/01/27
|
|||||
1,350
|
Puerto Rico, General Obligation and Public Improvement Bonds, Series 2001, 5.250%, 7/01/27 –
|
7/11 at 100.00
|
AAA
|
1,357,938
|
|
AGM Insured
|
|||||
2,650
|
Total Tax Obligation/General
|
2,753,107
|
|||
Tax Obligation/Limited – 31.5% (21.8% of Total Investments)
|
|||||
600
|
Bergen County Improvement Authority, New Jersey, Guaranteed Lease Revenue Bonds, County
|
No Opt. Call
|
Aaa
|
727,716
|
|
Administration Complex Project, Series 2005, 5.000%, 11/15/26
|
|||||
1,745
|
Burlington County Bridge Commission, New Jersey, Guaranteed Pooled Loan Bonds, Series 2003,
|
12/13 at 100.00
|
AA
|
1,934,071
|
|
5.000%, 12/01/18 – NPFG Insured
|
|||||
1,000
|
Camden County Improvement Authority, New Jersey, County Guaranteed Lease Revenue Bonds, Series
|
9/15 at 100.00
|
AAA
|
1,148,870
|
|
2005A, 5.000%, 9/01/16 – AGM Insured
|
|||||
1,100
|
Casino Reinvestment Development Authority, New Jersey, Hotel Room Fee Revenue Bonds, Series
|
1/15 at 102.00
|
A–
|
1,191,421
|
|
2004, 5.250%, 1/01/16 – AMBAC Insured
|
|||||
620
|
Essex County Improvement Authority, New Jersey, Project Consolidation Revenue Bonds, Series
|
No Opt. Call
|
Aa2
|
708,530
|
|
2007, 5.250%, 12/15/22 – AMBAC Insured
|
|||||
815
|
Garden State Preservation Trust, New Jersey, Open Space and Farmland Preservation Bonds,
|
No Opt. Call
|
AAA
|
987,210
|
|
Series 2005C, 5.125%, 11/01/18 – AGM Insured
|
|||||
1,785
|
New Jersey Building Authority, State Building Revenue Bonds, Series 2007A, 5.000%, 6/15/27
|
6/16 at 100.00
|
AA–
|
1,855,275
|
|
New Jersey Economic Development Authority, Cigarette Tax Revenue Bonds, Series 2004:
|
|||||
615
|
5.500%, 6/15/24
|
6/12 at 100.00
|
BBB
|
610,658
|
|
1,200
|
5.750%, 6/15/34
|
6/14 at 100.00
|
BBB
|
1,177,008
|
|
1,200
|
New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Series
|
7/14 at 100.00
|
A
|
1,345,092
|
|
2004A, 5.250%, 7/01/15 – NPFG Insured
|
|||||
New Jersey Economic Development Authority, Revenue Bonds, Newark Downtown District Management
|
|||||
Corporation Project, Series 2007:
|
|||||
65
|
5.125%, 6/15/27
|
6/17 at 100.00
|
Baa3
|
62,754
|
|
115
|
5.125%, 6/15/37
|
6/17 at 100.00
|
Baa3
|
105,805
|
|
New Jersey Economic Development Authority, School Facilities Construction Financing Program
|
|||||
Bonds, Series 2007U:
|
|||||
615
|
5.000%, 9/01/37 – AMBAC Insured
|
9/17 at 100.00
|
AA–
|
637,423
|
|
1,235
|
5.000%, 9/01/37
|
9/17 at 100.00
|
AA–
|
1,280,028
|
|
525
|
New Jersey Educational Facilities Authority, Revenue Bonds, Higher Education Capital
|
No Opt. Call
|
AAA
|
602,963
|
|
Improvement Fund, Refunding Series 2005A, 5.000%, 9/01/15 – AGM Insured
|
|||||
New Jersey Health Care Facilities Financing Authority, Lease Revenue Bonds, Department of
|
|||||
Human Services – Greystone Park Psychiatric Hospital, Series 2005:
|
|||||
925
|
5.000%, 9/15/18 – AMBAC Insured
|
9/15 at 100.00
|
AA–
|
983,294
|
|
1,400
|
5.000%, 9/15/24 – AMBAC Insured
|
9/15 at 100.00
|
AA–
|
1,436,162
|
|
250
|
New Jersey Health Care Facilities Financing Authority, State Contract Bonds, Hospital Asset
|
10/18 at 100.00
|
AA–
|
254,133
|
|
Transformatiom Program, Series 2008A, 5.250%, 10/01/38
|
|||||
New Jersey Transportation Trust Fund Authority, Federal Highway Aid Grant Anticipation Bonds,
|
|||||
Series 2006:
|
|||||
350
|
5.000%, 6/15/17 – FGIC Insured
|
6/16 at 100.00
|
Aa3
|
391,052
|
|
610
|
5.000%, 6/15/18 – FGIC Insured
|
6/16 at 100.00
|
Aa3
|
672,342
|
|
6,000
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital
|
No Opt. Call
|
AA–
|
1,939,620
|
|
Appreciation Series 2010A, 0.000%, 12/15/30
|
|||||
1,300
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series
|
No Opt. Call
|
AA–
|
1,528,761
|
|
2006A, 5.500%, 12/15/22
|
|||||
1,300
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2004B,
|
No Opt. Call
|
AA–
|
1,528,800
|
|
5.500%, 12/15/16 – NPFG Insured
|
|||||
1,280
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2005D,
|
6/15 at 100.00
|
AAA
|
1,407,757
|
|
5.000%, 6/15/19 – AGM Insured
|
|||||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006C:
|
|||||
4,315
|
0.000%, 12/15/28 – AMBAC Insured
|
No Opt. Call
|
AA–
|
1,552,839
|
|
3,000
|
0.000%, 12/15/32 – AGM Insured
|
No Opt. Call
|
AAA
|
841,260
|
|
6,000
|
0.000%, 12/15/34 – AGM Insured
|
No Opt. Call
|
AAA
|
1,485,480
|
|
1,000
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2007A,
|
12/17 at 100.00
|
AA–
|
1,054,460
|
|
5.000%, 12/15/26 – AMBAC Insured
|
|||||
405
|
Puerto Rico Convention Center District Authority, Hotel Occupancy Tax Revenue Bonds, Series
|
7/16 at 100.00
|
A3
|
365,140
|
|
2006A, 4.500%, 7/01/36 – CIFG Insured
|
|||||
550
|
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Subordinate
|
10/20 at 100.00
|
Baa2
|
551,034
|
|
Lien Series 2010B, 5.250%, 10/01/29
|
|||||
41,920
|
Total Tax Obligation/Limited
|
30,366,958
|
|||
Transportation – 20.5% (14.3% of Total Investments)
|
|||||
Delaware River and Bay Authority, Delaware and New Jersey, Revenue Bonds, Series 2005:
|
|||||
1,000
|
5.000%, 1/01/25 – NPFG Insured
|
1/15 at 100.00
|
A+
|
1,042,780
|
|
1,000
|
5.000%, 1/01/26 – NPFG Insured
|
1/15 at 100.00
|
A+
|
1,038,260
|
|
500
|
5.000%, 1/01/27 – NPFG Insured
|
1/15 at 100.00
|
A+
|
519,540
|
|
900
|
New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental
|
11/10 at 101.00
|
B
|
902,223
|
|
Airlines Inc., Series 2000, 7.000%, 11/15/30 (Alternative Minimum Tax)
|
|||||
1,000
|
New Jersey Transit Corporation, Certificates of Participation, Federal Transit Administration
|
No Opt. Call
|
Aa3
|
1,126,650
|
|
Grants, Series 2002A, 5.500%, 9/15/14 – AMBAC Insured
|
|||||
1,000
|
New Jersey Transit Corporation, Lease Appropriation Bonds, Series 2005A, 5.000%, 9/15/18 –
|
9/15 at 100.00
|
A1
|
1,071,330
|
|
FGIC Insured
|
|||||
50
|
New Jersey Turnpike Authority, Revenue Bonds, Series 1991C, 6.500%, 1/01/16 – NPFG Insured
|
No Opt. Call
|
A+
|
60,429
|
|
3,000
|
New Jersey Turnpike Authority, Revenue Bonds, Series 2003A, 5.000%, 1/01/19 – FGIC Insured
|
7/13 at 100.00
|
A+
|
3,274,470
|
|
300
|
New Jersey Turnpike Authority, Revenue Bonds, Series 2005A, 5.250%, 1/01/29 – AGM Insured
|
No Opt. Call
|
AAA
|
344,292
|
|
1,000
|
New Jersey Turnpike Authority, Revenue Bonds, Series 2009I, 5.000%, 1/01/35
|
1/20 at 100.00
|
A+
|
1,048,580
|
|
310
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty
|
8/17 at 100.00
|
AAA
|
390,749
|
|
Eighth Series 2008, Trust 2920, 17.470%, 8/15/32 – AGM Insured (IF)
|
|||||
500
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred
|
1/14 at 101.00
|
Aa2
|
520,320
|
|
Thirty-Fourth Series 2004, 5.000%, 7/15/34
|
|||||
5,000
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
|
12/10 at 100.00
|
A
|
5,005,449
|
|
Terminal LLC, Sixth Series 1997, 5.750%, 12/01/22 – NPFG Insured (Alternative Minimum Tax)
|
|||||
3,435
|
South Jersey Transportation Authority New Jersey, Transportation System Revenue Bonds, Series
|
11/10 at 100.50
|
A–
|
3,472,338
|
|
1999, 5.125%, 11/01/22 – AMBAC Insured
|
|||||
18,995
|
Total Transportation
|
19,817,410
|
|||
U.S. Guaranteed – 16.3% (11.3% of Total Investments) (5)
|
|||||
385
|
New Jersey Educational Facilities Authority, Revenue Bonds, Kean University, Series 2005B,
|
7/16 at 100.00
|
A (5)
|
458,523
|
|
5.000%, 7/01/30 (Pre-refunded 7/01/16) – MBIA Insured
|
|||||
690
|
New Jersey Educational Facilities Authority, Revenue Bonds, Montclair State University, Series
|
7/14 at 100.00
|
AAA
|
801,580
|
|
2004L, 5.125%, 7/01/21 (Pre-refunded 7/01/14) – MBIA Insured
|
|||||
New Jersey Educational Facilities Authority, Revenue Bonds, Montclair State University,
|
|||||
Series 2005F:
|
|||||
700
|
5.000%, 7/01/17 (Pre-refunded 7/01/15) – FGIC Insured
|
7/15 at 100.00
|
A1 (5)
|
826,511
|
|
1,000
|
5.000%, 7/01/24 (Pre-refunded 7/01/15) – FGIC Insured
|
7/15 at 100.00
|
A1 (5)
|
1,180,730
|
|
520
|
5.000%, 7/01/32 (Pre-refunded 7/01/15) – FGIC Insured
|
7/15 at 100.00
|
A1 (5)
|
613,980
|
|
625
|
New Jersey Educational Facilities Authority, Revenue Bonds, Rowan University, Series 2004C,
|
7/14 at 100.00
|
A+ (5)
|
723,069
|
|
5.000%, 7/01/24 (Pre-refunded 7/01/14) – MBIA Insured
|
|||||
890
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Capital Health System
|
7/13 at 100.00
|
N/R (5)
|
999,417
|
|
Obligated Group, Series 2003A, 5.375%, 7/01/33 (Pre-refunded 7/01/13)
|
|||||
1,350
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, South Jersey Hospital
|
7/12 at 100.00
|
A2 (5)
|
1,489,941
|
|
System, Series 2002, 5.875%, 7/01/21 (Pre-refunded 7/01/12)
|
|||||
845
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, St. Clare’s Hospital,
|
No Opt. Call
|
N/R (5)
|
1,017,515
|
|
Series 2004A, 5.250%, 7/01/20 – RAAI Insured (ETM)
|
|||||
New Jersey Turnpike Authority, Revenue Bonds, Series 1991C:
|
|||||
130
|
6.500%, 1/01/16 (ETM)
|
No Opt. Call
|
AAA
|
162,365
|
|
20
|
6.500%, 1/01/16 – MBIA Insured (ETM)
|
No Opt. Call
|
A+ (5)
|
25,192
|
|
905
|
6.500%, 1/01/16 (ETM)
|
No Opt. Call
|
AAA
|
1,044,017
|
|
375
|
Newark Housing Authority, New Jersey, Port Authority Terminal Revenue Bonds, Series 2004,
|
1/14 at 100.00
|
AA– (5)
|
430,148
|
|
5.250%, 1/01/21 (Pre-refunded 1/01/14) – NPFG Insured
|
|||||
1,500
|
Puerto Rico Infrastructure Financing Authority, Special Obligation Bonds, Series 2000A,
|
10/10 at 101.00
|
AAA
|
1,528,470
|
|
5.500%, 10/01/40 (Pre-refunded to 10/01/10)
|
|||||
2,150
|
Puerto Rico, General Obligation and Public Improvement Bonds, Series 2001, 5.250%, 7/01/27
|
7/11 at 100.00
|
AAA
|
2,249,997
|
|
(Pre-refunded 7/01/11) – AGM Insured
|
|||||
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
|
|||||
Series 2003:
|
|||||
825
|
6.125%, 6/01/24 (Pre-refunded 6/01/12)
|
6/12 at 100.00
|
AAA
|
860,698
|
|
1,125
|
6.375%, 6/01/32 (Pre-refunded 6/01/13)
|
6/13 at 100.00
|
AAA
|
1,276,661
|
|
14,035
|
Total U.S. Guaranteed
|
15,688,814
|
|||
Utilities – 0.8% (0.6% of Total Investments)
|
|||||
750
|
New Jersey Economic Development Authority, Pollution Control Revenue Refunding Bonds, Public
|
No Opt. Call
|
Baa1
|
779,408
|
|
Service Electric and Gas Company, Series 2001A, 5.000%, 3/01/12
|
|||||
Water and Sewer – 21.7% (15.1% of Total Investments)
|
|||||
225
|
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series
|
7/15 at 100.00
|
Ba2
|
230,801
|
|
2005, 6.000%, 7/01/25
|
|||||
4,635
|
New Jersey Economic Development Authority, Water Facilities Revenue Bonds, American Water
|
11/10 at 100.00
|
N/R
|
4,470,503
|
|
Company, Series 1997B, 5.375%, 5/01/32 – FGIC Insured (Alternative Minimum Tax)
|
|||||
7,000
|
New Jersey Economic Development Authority, Water Facilities Revenue Bonds, Middlesex Water
|
8/10 at 100.00
|
A
|
6,960,099
|
|
Company, Series 1998, 5.350%, 2/01/38 – NPFG Insured (Alternative Minimum Tax)
|
|||||
250
|
New Jersey Economic Development Authority, Water Facilities Revenue Bonds, New Jersey-American
|
5/20 at 100.00
|
A
|
257,938
|
|
Water Company Inc. Project, Refunding Series 2010B, 5.600%, 11/01/34 (Alternative Minimum Tax)
|
|||||
390
|
New Jersey Environmental Infrastructure Trust, Environmental Infrastructure Bonds, Series
|
9/10 at 100.00
|
AAA
|
391,225
|
|
1998A, 4.500%, 9/01/18
|
|||||
15,840
|
North Hudson Sewerage Authority, New Jersey, Sewerage Revenue Refunding Bonds, Series 2001A,
|
No Opt. Call
|
Baa1
|
8,611,886
|
|
0.000%, 8/01/23 – NPFG Insured
|
|||||
28,340
|
Total Water and Sewer
|
20,922,452
|
|||
$ 157,210
|
Total Investments (cost $137,386,287) – 144.0%
|
138,966,926
|
|||
Other Assets Less Liabilities – 1.5%
|
1,429,937
|
||||
Auction Rate Preferred Shares, at Liquidation Value – (45.5)% (6)
|
(43,925,000)
|
||||
Net Assets Applicable to Common Shares – 100%
|
$ 96,471,863
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Investments:
|
||||
Municipal Bonds
|
$ —
|
$138,966,926
|
$ —
|
$138,966,926
|
Gross unrealized:
|
|
Appreciation
|
$ 4,903,434
|
Depreciation
|
(3,295,427)
|
Net unrealized appreciation (depreciation) of investments
|
$ 1,608,007
|
(1)
|
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common
|
shares unless otherwise noted.
|
|
(2)
|
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.
|
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities
|
|
may be subject to periodic principal paydowns.
|
|
(3)
|
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investor Service,
|
Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or
|
|
BBB by Fitch are considered to be below investment grade.
|
|
(4)
|
Investment, or portion of investment, has been pledged to collateralize for inverse floating rate transactions.
|
(5)
|
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities,
|
which ensure the timely payment of principal and interest. Such investments are normally considered to
|
|
be equivalent to AAA rated securities.
|
|
(6)
|
Auction Rate Preferred Shares, at Liquidation Value as a percentage of Total Investments is 31.6%.
|
N/R
|
Not rated.
|
(ETM)
|
Escrowed to maturity.
|
(IF)
|
Inverse floating rate investment.
|
a.
|
The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
|
b.
|
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
|