Principal Amount
|
Security @
|
Value†
|
|||||||||||||||
($000's omitted)
|
($000's omitted)
|
||||||||||||||||
Arizona (0.6%)
|
|||||||||||||||||
500
|
Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2003, 6.15%, due 7/15/17
|
483
|
|||||||||||||||
California (4.0%)
|
|||||||||||||||||
3,115
|
Corona-Norca Unified Sch. Dist. G.O. Cap. Appreciation (Election 2006), Ser. 2009-C, (AGM Insured), 0.00%, due 8/1/24
|
1,476
|
|||||||||||||||
1,470
|
Pico Rivera Pub. Fin. Au. Lease Rev., Ser. 2009, 4.75%, due 9/1/25
|
1,484
|
|||||||||||||||
2,960
|
|||||||||||||||||
Guam (0.7%)
|
|||||||||||||||||
500
|
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2005, 5.50%, due 7/1/16
|
522
|
|||||||||||||||
Illinois (1.2%)
|
|||||||||||||||||
910
|
Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17
|
884
|
|||||||||||||||
Nevada (1.6%)
|
|||||||||||||||||
1,000
|
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23
|
1,155
|
|||||||||||||||
New York (144.6%)
|
|||||||||||||||||
3,000
|
Albany IDA Civic Fac. Rev. (Charitable Leadership Foundation Ctr. for Med. Science Proj.), Ser. 2002-A, 6.00%, due 7/1/19
|
2,624
|
ß
|
||||||||||||||
500
|
Cattaraugus Co. IDA Civic Fac. Rev. (St. Bonaventure Univ. Proj.), Ser. 2006-A, 5.00%, due 5/1/23
|
504
|
ß
|
||||||||||||||
1,000
|
Dutchess Co. IDA Civic Fac. Ref. Rev. (Marist College Proj.), Ser. 2003-A, 5.15%, due 7/1/17
|
1,060
|
ß
|
||||||||||||||
1,000
|
Erie Co. IDA Sch. Fac. Rev. (Buffalo City Sch. Dist.), Ser. 2009-A, 5.25%, due 5/1/25
|
1,105
|
|||||||||||||||
1,500
|
Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2009, 5.75%, due 7/1/23
|
1,696
|
ß
|
||||||||||||||
1,050
|
Long Island Pwr. Au. Elec. Sys. Gen. Rev., Ser. 2006-E, (BHAC Insured), 5.00%, due 12/1/21
|
1,187
|
|||||||||||||||
700
|
Lyons Comm. Hlth. Initiatives Corp. Fac. Rev., Ser. 2004, 5.50%, due 9/1/14
|
754
|
|||||||||||||||
1,000
|
Monroe Co. IDA Civic Fac. Rev. (Highland Hosp. Rochester), Ser. 2005, 5.00%, due 8/1/15
|
1,084
|
ß
|
||||||||||||||
980
|
Monroe Co. IDA Std. Hsg. Rev. (Collegiate Hsg. Foundation - Rochester Institute of Technology Proj.), Ser. 1999-A, 5.25%, due 4/1/19
|
948
|
ß
|
||||||||||||||
1,000
|
Monroe Co. Newpower Corp. Pwr. Fac. Rev., Ser. 2003, 5.10%, due 1/1/16
|
1,029
|
|||||||||||||||
1,000
|
Monroe Co. Pub. Imp. Ref. G.O., Ser. 1996, 6.00%, due 3/1/13
|
1,112
|
|||||||||||||||
1,125
|
Nassau Co. IDA Continuing Care Retirement (The Amsterdam Harborside), Ser. 2007-A, 5.88%, due 1/1/18
|
1,157
|
ß
|
||||||||||||||
1,000
|
New York City G.O., Ser. 2002-A, 5.75%, due 8/1/16
|
1,087
|
|||||||||||||||
100
|
New York City G.O., Ser. 2006-I3, (LOC: Bank of America), 0.30%, due 4/1/36
|
100
|
µ
|
||||||||||||||
950
|
New York City G.O., Ser. 2009-B, 5.00%, due 8/1/22
|
1,069
|
|||||||||||||||
1,000
|
New York City G.O., Ser. 2009-E, 5.00%, due 8/1/21
|
1,136
|
|||||||||||||||
1,410
|
New York City Hlth. & Hosp. Corp. Rev., Ser. 2002-A, (AGM Insured), 5.50%, due 2/15/13
|
1,493
|
|||||||||||||||
4,000
|
New York City Hsg. Dev. Corp. Multi-Family Hsg. Rev., Ser. 2002-E2, 5.05%, due 11/1/23
|
4,033
|
|||||||||||||||
1,000
|
New York City IDA Civic Fac. Rev. (Lycee Francais de New York Proj.), Ser. 2002-A, (ACA Insured), 5.50%, due 6/1/15
|
1,057
|
ß
|
||||||||||||||
1,030
|
New York City IDA Civic Fac. Rev. (Lycee Francais de New York Proj.), Ser. 2002-A, (ACA Insured), 5.50%, due 6/1/17
|
1,071
|
ß
|
||||||||||||||
2,920
|
New York City IDA Civic Fac. Rev. (Packer Collegiate Institute Proj.), Ser. 2002, (AMBAC Insured), 5.00%, due 6/1/22
|
3,021
|
ß
|
||||||||||||||
750
|
New York City IDA Liberty Rev. (7 World Trade Ctr., LLC Proj.), Ser. 2005-A, 6.25%, due 3/1/15
|
746
|
ß
|
||||||||||||||
2,000
|
New York City IDA Spec. Fac. Rev. (Term. One Group Assoc. Proj.), Ser. 2005, 5.50%, due 1/1/19 Putable 1/1/16
|
2,121
|
µß
|
||||||||||||||
960
|
New York City Muni. Wtr. Fin. Au. Wtr. & Swr. Sys. Rev., Ser. 1992-A, (AMBAC Insured), 5.88%, due 6/15/13
|
1,105
|
|||||||||||||||
215
|
New York City Transitional Fin. Au. Ref. Rev. (Future Tax), Ser. 2002-C, (AMBAC Insured), 5.25%, due 8/1/17
|
234
|
|||||||||||||||
500
|
New York City Transitional Fin. Au. Rev., Subser. 2002-2F, (LOC: Bayerische Landesbank), 0.26%, due 11/1/22
|
500
|
µ
|
||||||||||||||
2,000
|
New York City Transitional Fin. Au. Rev. (Future Tax Secured), Ser. 2001-B, (LOC: Landesbank Baden-Wurttemberg), 0.26%, due 2/1/31
|
2,000
|
µ
|
||||||||||||||
1,810
|
New York City Transitional Fin. Au. Rev. (Future Tax Secured), Ser. 2002-C, (AMBAC Insured), 5.25%, due 8/1/17 Pre-Refunded 8/1/12
|
1,989
|
|||||||||||||||
660
|
New York Liberty Dev. Corp. Rev. (Nat'l Sports Museum Proj.), Ser. 2006-A, 6.13%, due 2/15/19
|
2
|
#‡
|
||||||||||||||
2,000
|
New York St. Dorm. Au. Court Fac. Lease Rev. (New York City Issue), Ser. 2003-A, 5.50%, due 5/15/17 Pre-Refunded 5/15/13
|
2,278
|
|||||||||||||||
1,675
|
New York St. Dorm. Au. Insured Rev. (Long Island Univ.), Ser. 2003-A, (Radian Insured), 5.25%, due 9/1/15
|
1,726
|
ß
|
||||||||||||||
1,600
|
New York St. Dorm. Au. Insured Rev. (The Culinary Institute of America), Ser. 1999, (National Public Finance Guarantee Corp. Insured), 5.38%, due 7/1/15
|
1,613
|
ß
|
||||||||||||||
3,000
|
New York St. Dorm. Au. Ref. Rev. (North Gen. Hosp. Proj.), Ser. 2003, 5.75%, due 2/15/17
|
3,202
|
ß
|
||||||||||||||
250
|
New York St. Dorm. Au. Rev. (Brookdale Hosp. Med. Ctr.), Ser. 1998-J, 5.20%, due 2/15/16
|
251
|
ß
|
||||||||||||||
1,125
|
New York St. Dorm. Au. Rev. (City Univ. Sys. Proj.), Ser. 1995-A, 5.63%, due 7/1/16
|
1,289
|
|||||||||||||||
1,000
|
New York St. Dorm. Au. Rev. (Lenox Hill Hosp. Oblig. Group Proj.), Ser. 2001, 5.75%, due 7/1/14
|
1,030
|
ß
|
||||||||||||||
1,000
|
New York St. Dorm. Au. Rev. (Lenox Hill Hosp. Oblig. Group Proj.), Ser. 2001, 5.75%, due 7/1/16
|
1,023
|
ß
|
||||||||||||||
1,980
|
New York St. Dorm. Au. Rev. (New York Med. College Proj.), Ser. 1998, (National Public Finance Guarantee Corp. Insured), 5.00%, due 7/1/21
|
1,980
|
ß
|
||||||||||||||
500
|
New York St. Dorm. Au. Rev. (North Shore-Long Island Jewish Oblig. Group), Ser. 2003, 5.00%, due 5/1/18
|
514
|
ß
|
||||||||||||||
2,855
|
New York St. Dorm. Au. Rev. (Rivington House Hlth. Care Fac.), Ser. 2002, (SONYMA Insured), 5.25%, due 11/1/15
|
3,066
|
ß
|
||||||||||||||
2,410
|
New York St. Dorm. Au. Rev. (Rochester Institute of Technology Proj.), Ser. 2002-A, (AMBAC Insured), 5.25%, due 7/1/19
|
2,562
|
ß
|
||||||||||||||
1,000
|
New York St. Dorm. Au. Rev. (Sch. Dist. Financing Proj.), Ser. 2002-A, (National Public Finance Guarantee Corp. Insured), 5.75%, due 10/1/17
|
1,067
|
|||||||||||||||
3,000
|
New York St. Dorm. Au. Rev. (SS Joachim & Anne Residence Proj.), Ser. 2002, (LOC: Allied Irish Bank), 4.60%, due 7/1/16
|
2,994
|
ß
|
||||||||||||||
500
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Manhattan Marymount College), Ser. 2009, 5.00%, due 7/1/24
|
510
|
ß
|
||||||||||||||
900
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Montefiore Med. Ctr.), Ser. 2008, (FHA Insured), 5.00%, due 8/1/21
|
965
|
ß
|
||||||||||||||
1,595
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Mount Sinai Sch. of Medicine), Ser. 2009, 5.25%, due 7/1/24
|
1,693
|
ß
|
||||||||||||||
1,000
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (NYU Hosp. Ctr.), Ser. 2006-A, 5.00%, due 7/1/20
|
1,032
|
ß
|
||||||||||||||
1,030
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (NYU Hosp. Ctr.), Ser. 2007-B, 5.25%, due 7/1/24
|
1,069
|
ß
|
||||||||||||||
2,000
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (St. John's Univ.), Ser. 2007-C, (National Public Finance Guarantee Corp. Insured), 5.25%, due 7/1/19
|
2,291
|
ß
|
||||||||||||||
2,600
|
New York St. Dorm. Au. Rev. St. Personal Income Tax Rev., Ser. 2003-A, 5.38%, due 3/15/17 Pre-Refunded 3/15/13
|
2,932
|
|||||||||||||||
5,000
|
New York St. Energy Res. & Dev. Au. Fac. Rev. (Consolidated Edison Co. of New York, Inc. Proj.), Ser. 2001, 4.70%, due 6/1/36 Putable 10/1/12
|
5,012
|
µß
|
||||||||||||||
1,615
|
New York St. HFA Rev. (Affordable Hsg.), Ser. 2009-B, 4.50%, due 11/1/29
|
1,617
|
|||||||||||||||
2,000
|
New York St. Mtge. Agcy. Homeowner Mtge. Rev., Ser. 1997-67, 5.70%, due 10/1/17
|
2,002
|
|||||||||||||||
1,230
|
New York St. Muni. Bond Bank Agcy., Subser. 2009-B1, 5.00%, due 12/15/23
|
1,362
|
|||||||||||||||
1,295
|
New York St. Muni. Bond Bank Agcy., Subser. 2009-B1, 5.00%, due 12/15/24
|
1,421
|
|||||||||||||||
1,475
|
New York St. Thruway Au. Second Gen. Hwy. & Bridge Trust Fund Bonds, Ser. 2007-B, 5.00%, due 4/1/20
|
1,666
|
|||||||||||||||
1,090
|
New York St. Thruway Au. Second Gen. Hwy. & Bridge Trust Fund Bonds, Ser. 2009-B, 5.00%, due 4/1/19
|
1,274
|
|||||||||||||||
250
|
New York St. Urban Dev. Corp. Correctional & Youth Fac. Svc. Rev., Ser. 2002-C, 4.00%, due 1/1/20 Putable 1/1/11
|
253
|
µ
|
||||||||||||||
1,250
|
New York St. Urban Dev. Corp. Ref. Rev., Ser. 2008-D, 5.25%, due 1/1/20
|
1,445
|
|||||||||||||||
965
|
New York St. Urban Dev. Corp. Rev. (St. Personal Income Tax), Ser. 2008-A1, 5.00%, due 12/15/23
|
1,075
|
|||||||||||||||
1,375
|
New York Tobacco Settlement Fin. Corp., Ser. 2003-B1C, 5.50%, due 6/1/22
|
1,491
|
|||||||||||||||
2,000
|
Niagara Co. IDA Civic Fac. Rev. (Niagara Univ. Proj.), Ser. 2001-A, (Radian Insured), 5.50%, due 11/1/16
|
2,088
|
ß
|
||||||||||||||
1,000
|
Onondaga Co. Trust Cultural Res. Rev. (Syracuse Univ. Proj.), Ser. 2010-B, 5.00%, due 12/1/19
|
1,186
|
ß
|
||||||||||||||
3,000
|
Port Au. of NY & NJ Rev. Consolidated Bonds, Ser. 2002, (AMBAC Insured), 5.50%, due 12/15/12
|
3,300
|
|||||||||||||||
1,000
|
Saratoga Co. IDA Civic Fac. Rev. (Saratoga Hosp. Proj.), Ser. 2007-B, 5.00%, due 12/1/22
|
1,002
|
ß
|
||||||||||||||
1,570
|
Triborough Bridge & Tunnel Au. Oblig., Ser. 1998-A, (National Public Finance Guarantee Corp. Insured), 4.75%, due 1/1/24
|
1,582
|
|||||||||||||||
2,000
|
Triborough Bridge & Tunnel Au. Rev., Subser. 2008-D, 5.00%, due 11/15/23
|
2,238
|
|||||||||||||||
1,535
|
Ulster Co. Res. Rec. Agcy. Solid Waste Sys. Ref. Rev., Ser. 2002, (AMBAC Insured), 5.25%, due 3/1/16
|
1,646
|
|||||||||||||||
1,405
|
United Nations Dev. Corp. Rev., Ser. 2009-A, 5.00%, due 7/1/22
|
1,548
|
|||||||||||||||
1,000
|
Westchester Co. IDA Continuing Care Retirement Comm. Rev. (Kendal on Hudson Proj.), Ser. 2003-B, 6.50%, due 1/1/34 Putable 1/1/13
|
1,003
|
µß
|
||||||||||||||
855
|
Yonkers IDA Civic Fac. Rev. (Comm. Dev. Properties-Yonkers, Inc.), Ser. 2001-A, 6.25%, due 2/1/16 Pre-Refunded 2/1/11
|
880
|
ß
|
||||||||||||||
107,202
|
|||||||||||||||||
Pennsylvania (2.0%)
|
|||||||||||||||||
2,000
|
Pennsylvania St. Turnpike Commission Turnpike Rev. (Cap. Appreciation), Subser. 2010-B2, 0.00%, due 12/1/34
|
1,483
|
g
|
||||||||||||||
Puerto Rico (8.9%)
|
|||||||||||||||||
1,500
|
Puerto Rico Commonwealth Gov't Dev. Bank, Ser. 1985, (National Public Finance Guarantee Corp. Insured), 4.75%, due 12/1/15
|
1,562
|
|||||||||||||||
1,050
|
Puerto Rico Commonwealth Ref. G.O. (Pub. Imp.), Ser. 2001-A, (XLCA Insured), 5.50%, due 7/1/17
|
1,144
|
|||||||||||||||
750
|
Puerto Rico Elec. Pwr. Au. Pwr. Rev., Ser. 2010-XX, 5.25%, due 7/1/35
|
755
|
|||||||||||||||
1,060
|
Puerto Rico Ind. Tourist Ed. Med. & Env. Ctrl. Fac. Rev. (Polytechnic Univ. of Puerto Rico Proj.), Ser. 2002-A, (ACA Insured), 5.25%, due 8/1/16
|
1,068
|
ß
|
||||||||||||||
1,000
|
Puerto Rico Sales Tax Fin. Corp. Sales Tax Rev., Subser. 2009-A, 5.00%, due 8/1/24
|
1,035
|
|||||||||||||||
1,000
|
Puerto Rico Sales Tax Fin. Corp. Sales Tax Rev., Subser. 2009-A, 5.00%, due 8/1/39 Pre-Refunded 8/1/11
|
1,047
|
µ
|
||||||||||||||
6,611
|
|||||||||||||||||
Total Investments (163.6%) (Cost $118,408)
|
121,300
|
##
|
|||||||||||||||
Cash, receivables and other assets, less liabilities (1.5%)
|
1,082
|
||||||||||||||||
Liquidation Value of Auction Market Preferred Shares [(65.1%)]
|
(48,250)
|
||||||||||||||||
Total Net Assets Applicable to Common Shareholders (100.0%)
|
$74,132
|
†
|
The value of investments in securities by Neuberger Berman California Intermediate Municipal Fund Inc. (“California”), Neuberger Berman Intermediate Municipal Fund Inc. (“Intermediate”), and Neuberger Berman New York Intermediate Municipal Fund Inc. (“New York”) (individually a “Fund”, and collectively, the “Funds”) is determined by Neuberger Berman Management LLC (“Management”) primarily by obtaining valuations from independent pricing services based on readily available bid quotations, or if quotations are not available, by methods which include considerations such as: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. Management has developed a process to periodically review information provided by independent pricing services. If a valuation is not available from an independent pricing service or if Management has reason to believe that the valuation does not represent the amount a Fund might reasonably expect to receive on a current sale in an orderly transaction, the Fund seeks to obtain quotations from principal market makers. If such quotations are not readily available, the security is valued using methods the Fund’s Board of Directors (each Fund’s Board of Directors, a “Board”) has approved on the belief that they reflect fair value. Numerous factors may be considered when determining the fair value of a security, including available analyst, media or other reports, trading in futures or ADRs and whether the issuer of the security being fair valued has other securities outstanding. Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or next trades. Short-term debt securities with less than 60 days until maturity may be valued at cost which, when combined with interest earned, is expected to approximate market value.
|
In accordance with Accounting Standards Codification (“ASC”) 820 “Fair Value Measurements and Disclosures” (“ASC 820”), all investments held by a fund are carried at “fair value” as defined by ASC 820. Under ASC 820 fair value is defined as the price that a fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in determining the value of the Funds’ investments, some of which are discussed above. Significant management judgement may be necessary to estimate fair value in accordance with ASC 820.
|
|
In addition to defining fair value, ASC 820 established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.
|
●
|
Level 1 – quoted prices in active markets for identical investments
|
|
●
|
Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)
|
|
●
|
Level 3 – significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments)
|
The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.
|
|
The following is a summary, by category of Level, of inputs used to value the Funds’ investments as of July 31, 2010:
|
Asset Valuation Inputs
|
||||
(000’s omitted)
|
Level 1
|
Level 2
|
Level 3
|
Total
|
California
|
||||
Investments:
|
||||
Municipal Notes^
|
$—
|
$139,964
|
$—
|
$139,964
|
Total Investments
|
$—
|
$139,964
|
$—
|
$139,964
|
Intermediate
|
||||
Investments:
|
||||
Municipal Notes^
|
$—
|
$450,420
|
$—
|
$450,420
|
Total Investments
|
$—
|
$450,420
|
$—
|
$450,420
|
New York
|
||||
Investments:
|
||||
Municipal Notes^
|
$—
|
$121,300
|
$—
|
$121,300
|
Total Investments
|
$—
|
$121,300
|
$—
|
$121,300
|
^
|
The Schedule of Investments provides information on the state categorization for the portfolio.
|
##
|
At July 31, 2010, selected fund information on a U.S. federal income tax basis was as follows:
|
(000’s omitted)
|
Cost
|
Gross Unrealized Appreciation
|
Gross Unrealized Depreciation
|
Net Unrealized
Appreciation
(Depreciation)
|
California
|
$135,972
|
$4,686
|
$694
|
$3,992
|
Intermediate
|
434,793
|
20,820
|
5,193
|
15,627
|
New York
|
118,411
|
4,185
|
1,296
|
2,889
|
@
|
At time of investment, municipal securities purchased by the Funds are within the four highest rating categories (with respect to at least 80% of total assets) assigned by a nationally recognized statistical rating organization (“NRSRO”) such as Moody’s Investors Service, Inc., Standard & Poor’s, or Fitch, Inc. or, where not rated, are determined by Management to be of comparable quality. Approximately 72%, 61%, and 64% of the municipal securities held by California, Intermediate, and New York, respectively, have credit enhancement features backing them, on which a Fund may rely, such as letters of credit, insurance, or guarantees. Without these credit enhancement features the securities may or may not meet the quality standards of the Funds. Pre-refunded bonds are supported by securities in escrow issued or guaranteed by the U.S. Government, its agencies, or instrumentalities. The amount escrowed is sufficient to pay the periodic interest due and the principal of these bonds. Putable bonds give a Fund the right to sell back the issue on the date specified.
|
ß
|
Security is guaranteed by the corporate or non-profit obligor.
|
µ
|
Floating rate securities are securities whose yields vary with a designated market index or market rate. These securities are shown at their current rates as of July 31, 2010 and their final maturities.
|
a
|
Security is subject to a guarantee provided by Bayerische Landesbank, backing 100% of the total principal.
|
b
|
Currently a zero coupon security; will convert to 5.50% on August 1, 2021.
|
c
|
Currently a zero coupon security; will convert to 6.38% on August 1, 2016.
|
d
|
Currently a zero coupon security; will convert to 6.38% on August 1, 2019.
|
e
|
Currently a zero coupon security; will convert to 6.13% on August 1, 2023.
|
f
|
Currently a zero coupon security; will convert to 6.88% on August 1, 2019.
|
g
|
Currently a zero coupon security; will convert to 6.00% on December 1, 2015.
|
‡
|
Security is in default.
|
#
|
Restricted security subject to restrictions on resale under federal securities laws. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended, and have been deemed by the investment manager to be illiquid and restricted. At July 31, 2010, these securities amounted to approximately $2,261,970 or 0.8% of net assets applicable to common shareholders for Intermediate and approximately $1,980 or 0.0% of net assets applicable to common shareholders for New York.
|
(000’s omitted)
|
Restricted Security
|
Acquisition
Date
|
Acquisition
Cost
|
Acquisition
Cost
Percentage of
Net Assets
Applicable to
Common Shareholders
as of
Acquisition
Date
|
Value as of
July 31, 2010
|
Fair Value
Percentage of
Net Assets
Applicable to
Common Shareholders
as of July 31,
2010
|
Intermediate
|
New York Liberty Dev. Corp. Rev. (Nat’l Sports Museum Proj.), Ser. 2006-A, 6.13%, due 2/15/19
|
8/4/2006
|
$1,100
|
0.4%
|
$3
|
0.0%
|
Non-Profit Pfd. Fdg. Trust I, Ser. 2006-C, 4.72%, due 9/15/37
|
10/2/2006
|
3,000
|
1.0
|
2,259
|
0.8
|
|
New York
|
New York Liberty Dev. Corp. Rev. (Nat’l Sports Museum Proj.), Ser. 2006-A, 6.13%, due 2/15/19
|
8/4/2006
|
660
|
0.9
|
2
|
0.0
|
(a)
|
Based on an evaluation of the disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (“1940 Act”)), as of a date within 90 days of the filing date of this document, the Chief Executive Officer and Treasurer and Principal Financial and Accounting Officer of the Registrant have concluded that such disclosure controls and procedures are effectively designed to ensure that information required to be disclosed by the Registrant on Form N-CSR and Form N-Q is accumulated and communicated to the Registrant’s management to allow timely decisions regarding required disclosure.
|
(b)
|
There were no significant changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) 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.
|
By: | /s/ Robert Conti |
Robert Conti | |
Chief Executive Officer |
By: | /s/ Robert Conti |
Robert Conti | |
Chief Executive Officer |
By: | /s/ John M. McGovern |
John M. McGovern | |
Treasurer and Principal Financial
and Accounting Officer
|