Principal Amount
|
Security
|
Value†
|
||||||
($000's omitted)
|
($000's omitted)
|
|||||||
Arizona (0.7%)
|
||||||||
500
|
Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2003, 6.15%, due 7/15/17
|
480
|
||||||
California (4.1%)
|
||||||||
3,115
|
Corona-Norca Unified Sch. Dist. G.O. Cap. Appreciation (Election 2006), Ser. 2009-C, (AGM Insured), 0.00%, due 8/1/24
|
1,524
|
||||||
1,470
|
Pico Rivera Pub. Fin. Au. Lease Rev., Ser. 2009, 4.75%, due 9/1/25
|
1,464
|
||||||
2,988
|
||||||||
Guam (3.7%)
|
||||||||
500
|
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2005, 5.50%, due 7/1/16
|
527
|
||||||
1,000
|
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25
|
967
|
||||||
1,135
|
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.50%, due 11/1/19
|
1,196
|
||||||
2,690
|
||||||||
Illinois (1.1%)
|
||||||||
815
|
Bartlett Sr. Lien Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17
|
788
|
||||||
Massachusetts (1.3%)
|
||||||||
1,000
|
Massachusetts St. HFA Hsg. Rev., Ser. 2010-C, 5.00%, due 12/1/30
|
959
|
||||||
Nevada (1.5%)
|
||||||||
1,000
|
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23
|
1,123
|
||||||
New York (138.9%)
|
||||||||
3,000
|
Albany IDA Civic Fac. Rev. (Charitable Leadership Foundation Ctr. for Med. Science Proj.), Ser. 2002-A, 6.00%, due 7/1/19
|
1,806
|
ß
|
|||||
500
|
Cattaraugus Co. IDA Civic Fac. Rev. (St. Bonaventure Univ. Proj.), Ser. 2006-A, 5.00%, due 5/1/23
|
503
|
ß
|
|||||
1,000
|
Dutchess Co. IDA Civic Fac. Ref. Rev. (Marist College Proj.), Ser. 2003-A, 5.15%, due 7/1/17
|
1,036
|
ß
|
|||||
1,000
|
Erie Co. IDA Sch. Fac. Rev. (Buffalo City Sch. Dist.), Ser. 2009-A, 5.25%, due 5/1/25
|
1,078
|
||||||
1,500
|
Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2009, 5.75%, due 7/1/23
|
1,610
|
ß
|
|||||
1,050
|
Long Island Pwr. Au. Elec. Sys. Gen. Rev., Ser. 2006-E, (BHAC Insured), 5.00%, due 12/1/21
|
1,156
|
||||||
535
|
Lyons Comm. Hlth. Initiatives Corp. Fac. Rev., Ser. 2004, 5.50%, due 9/1/14
|
557
|
||||||
1,000
|
Monroe Co. IDA Civic Fac. Rev. (Highland Hosp. of Rochester), Ser. 2005, 5.00%, due 8/1/15
|
1,068
|
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
|
930
|
ß
|
|||||
1,000
|
Monroe Co. Newpower Corp. Pwr. Fac. Rev., Ser. 2003, 5.10%, due 1/1/16
|
1,017
|
||||||
1,000
|
Monroe Co. Pub. Imp. Ref. G.O., Ser. 1996, 6.00%, due 3/1/13
|
1,077
|
||||||
1,300
|
Nassau Co. IDA Civic Fac. Rev. (Cold Spring Harbor Laboratory), Ser. 1999, (LOC: TD Bank N.A.), 0.18%, due 1/1/34
|
1,300
|
µß
|
|||||
1,100
|
Nassau Co. IDA Civic Fac. Rev. (Cold Spring Harbor Laboratory), Ser. 2008, (LOC: JP Morgan Chase), 0.18%, due 1/1/42
|
1,100
|
µß
|
|||||
1,125
|
Nassau Co. IDA Continuing Care Retirement (The Amsterdam Harborside), Ser. 2007-A, 5.88%, due 1/1/18
|
1,159
|
ß
|
|||||
30
|
New York City G.O., Ser. 2002-A, 5.75%, due 8/1/16 Pre-Refunded 8/1/12
|
32
|
||||||
970
|
New York City G.O., Ser. 2002-A, 5.75%, due 8/1/16
|
1,017
|
||||||
100
|
New York City G.O., Ser. 2006-I3, (LOC: Bank of America), 0.35%, due 4/1/36
|
100
|
µ
|
|||||
950
|
New York City G.O., Ser. 2009-B, 5.00%, due 8/1/22
|
1,063
|
||||||
1,000
|
New York City G.O., Ser. 2009-E, 5.00%, due 8/1/21
|
1,139
|
||||||
1,410
|
New York City Hlth. & Hosp. Corp. Rev., Ser. 2002-A, (AGM Insured), 5.50%, due 2/15/13 Pre-Refunded 2/15/12
|
1,450
|
||||||
4,000
|
New York City Hsg. Dev. Corp. Multi-Family Hsg. Rev., Ser. 2002-E2, 5.05%, due 11/1/23
|
4,006
|
||||||
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
|
1,035
|
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
|
1,056
|
ß
|
|||||
2,920
|
New York City IDA Civic Fac. Rev. (Packer Collegiate Institute Proj.), Ser. 2002, (AMBAC Insured), 5.00%, due 6/1/22
|
2,964
|
ß
|
|||||
750
|
New York City IDA Liberty Rev. (7 World Trade Ctr., LLC Proj.), Ser. 2005-A, 6.25%, due 3/1/15
|
756
|
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
|
2,117
|
µß
|
|||||
960
|
New York City Muni. Wtr. Fin. Au. Wtr. & Swr. Sys. Rev., Ser. 1992-A, (AMBAC Insured), 5.88%, due 6/15/13
|
1,059
|
||||||
2,000
|
New York City Transitional Fin. Au. (Future Tax Secured), Subser. 2002-C2, (LOC: Landesbank Hessen-Thueringen Girozentrale), 0.19%, due 8/1/31
|
2,000
|
µ
|
|||||
2,025
|
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
|
2,128
|
||||||
1,000
|
New York City Transitional Fin. Au. Rev. (NYC Rec.), Ser 2002-1D, (LOC: Landesbank Hessen-Thueringen Girozentrale), 0.19%, due 11/1/22
|
1,000
|
µ
|
|||||
660
|
New York Liberty Dev. Corp. Rev. (Nat'l Sports Museum Proj.), Ser. 2006-A, 6.13%, due 2/15/19
|
0
|
#‡
|
|||||
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
|
2,185
|
||||||
1,675
|
New York St. Dorm. Au. Insured Rev. (Long Island Univ.), Ser. 2003-A, (Radian Insured), 5.25%, due 9/1/15
|
1,705
|
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
|
1,605
|
ß
|
|||||
3,000
|
New York St. Dorm. Au. Ref. Rev. (North Gen. Hosp. Proj.), Ser. 2003, 5.75%, due 2/15/17
|
3,117
|
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
|
1,255
|
||||||
1,000
|
New York St. Dorm. Au. Rev. (Lenox Hill Hosp. Oblig. Group Proj.), Ser. 2001, 5.75%, due 7/1/14
|
1,012
|
ß
|
|||||
1,000
|
New York St. Dorm. Au. Rev. (Lenox Hill Hosp. Oblig. Group Proj.), Ser. 2001, 5.75%, due 7/1/16
|
1,012
|
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
|
1,981
|
ß
|
|||||
500
|
New York St. Dorm. Au. Rev. (North Shore-Long Island Jewish Oblig. Group), Ser. 2003, 5.00%, due 5/1/18
|
508
|
ß
|
|||||
2,855
|
New York St. Dorm. Au. Rev. (Rivington House Hlth. Care Fac.), Ser. 2002, (SONYMA Insured), 5.25%, due 11/1/15
|
3,084
|
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 Pre-Refunded 7/1/12
|
2,521
|
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
|
1,050
|
||||||
2,445
|
New York St. Dorm. Au. Rev. (SS Joachim & Anne Residence Proj.), Ser. 2002, (LOC: Allied Irish Bank), 4.60%, due 7/1/16
|
2,448
|
ß
|
|||||
500
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Manhattan Marymount College), Ser. 2009, 5.00%, due 7/1/24
|
489
|
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
|
968
|
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
|
1,701
|
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
|
1,069
|
ß
|
|||||
975
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (NYU Hosp. Ctr.), Ser. 2007-B, 5.25%, due 7/1/24
|
1,026
|
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
|
2,285
|
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
|
2,813
|
||||||
1,615
|
New York St. HFA Rev. (Affordable Hsg.), Ser. 2009-B, 4.50%, due 11/1/29
|
1,556
|
||||||
2,000
|
New York St. Mtge. Agcy. Homeowner Mtge. Rev., Ser. 1997-67, 5.70%, due 10/1/17
|
2,001
|
||||||
1,230
|
New York St. Muni. Bond Bank Agcy., Subser. 2009-B1, 5.00%, due 12/15/23
|
1,316
|
||||||
1,295
|
New York St. Muni. Bond Bank Agcy., Subser. 2009-B1, 5.00%, due 12/15/24
|
1,382
|
||||||
1,475
|
New York St. Thruway Au. Second Gen. Hwy. & Bridge Trust Fund Bonds, Ser. 2007-B, 5.00%, due 4/1/20
|
1,653
|
||||||
1,090
|
New York St. Thruway Au. Second Gen. Hwy. & Bridge Trust Fund Bonds, Ser. 2009-B, 5.00%, due 4/1/19
|
1,259
|
||||||
1,250
|
New York St. Urban Dev. Corp. Ref. Rev., Ser. 2008-D, 5.25%, due 1/1/20
|
1,436
|
||||||
965
|
New York St. Urban Dev. Corp. Rev. (St. Personal Income Tax), Ser. 2008-A1, 5.00%, due 12/15/23
|
1,050
|
||||||
1,375
|
New York Tobacco Settlement Fin. Corp., Ser. 2003-B1C, 5.50%, due 6/1/22
|
1,466
|
||||||
2,000
|
Niagara Co. IDA Civic Fac. Rev. (Niagara Univ. Proj.), Ser. 2001-A, (Radian Insured), 5.50%, due 11/1/16
|
2,034
|
ß
|
|||||
1,000
|
Onondaga Co. Trust Cultural Res. Rev. (Syracuse Univ. Proj.), Ser. 2010-B, 5.00%, due 12/1/19
|
1,146
|
ß
|
|||||
3,000
|
Port Au. of NY & NJ Rev. Consolidated Bonds, Ser. 2002, (AMBAC Insured), 5.50%, due 12/15/12
|
3,160
|
||||||
1,000
|
Saratoga Co. IDA Civic Fac. Rev. (Saratoga Hosp. Proj.), Ser. 2007-B, 5.00%, due 12/1/22
|
1,037
|
ß
|
|||||
1,570
|
Triborough Bridge & Tunnel Au. Oblig., Ser. 1998-A, (National Public Finance Guarantee Corp. Insured), 4.75%, due 1/1/24
|
1,573
|
||||||
2,000
|
Triborough Bridge & Tunnel Au. Rev., Subser. 2008-D, 5.00%, due 11/15/23
|
2,190
|
||||||
1,535
|
Ulster Co. Res. Rec. Agcy. Solid Waste Sys. Ref. Rev., Ser. 2002, (AMBAC Insured), 5.25%, due 3/1/16
|
1,611
|
||||||
1,405
|
United Nations Dev. Corp. Rev., Ser. 2009-A, 5.00%, due 7/1/22
|
1,539
|
||||||
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
|
|||||
100,816
|
||||||||
Pennsylvania (2.2%)
|
||||||||
2,000
|
Pennsylvania St. Turnpike Commission Turnpike Rev. (Cap. Appreciation), Subser. 2010-B2, 0.00%, due 12/1/34
|
1,605
|
a
|
|||||
Puerto Rico (9.1%)
|
||||||||
1,500
|
Puerto Rico Commonwealth Gov't Dev. Bank, Ser. 1985, (National Public Finance Guarantee Corp. Insured), 4.75%, due 12/1/15
|
1,566
|
||||||
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
|
737
|
||||||
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
|
1,072
|
ß
|
|||||
1,000
|
Puerto Rico Sales Tax Fin. Corp. Sales Tax Rev., Subser. 2009-A, 5.00%, due 8/1/24
|
1,055
|
||||||
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
|
1,000
|
||||||
6,574
|
||||||||
Texas (2.3%)
|
||||||||
1,750
|
Love Field Arpt. Modernization Corp. Spec. Fac. Rev. (Southwest Airlines Co. Proj.), Ser. 2010, 5.25%, due 11/1/40
|
1,648
|
ß
|
|||||
Total Investments (164.9%) (Cost $118,916)
|
119,671
|
##
|
||||||
Cash, receivables and other assets, less liabilities (1.6%)
|
1,160
|
|||||||
Liquidation Value of Auction Market Preferred Shares [(66.5%)]
|
(48,250)
|
|||||||
Total Net Assets Applicable to Common Shareholders (100.0%)
|
$72,581
|
†
|
In accordance with Accounting Standards Codification (“ASC”) 820 “Fair Value Measurements and Disclosures” (“ASC 820”), all investments held by each of 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”) (each individually a “Fund,” and collectively, the “Funds”) are carried at the value that Neuberger Berman Management LLC (“Management”) believes 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 valuing the Funds’ investments, some of which are discussed below. Significant management judgment may be necessary to value investments in accordance with ASC 820.
|
●
|
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 a Fund’s own assumptions in determining the fair value of investments)
|
Asset Valuation Inputs
|
||||
(000’s omitted)
|
Level 1
|
Level 2
|
Level 3
|
Total
|
California
|
||||
Investments:
|
||||
Municipal Notes^
|
$—
|
$139,496
|
$—
|
$139,496
|
Total Investments
|
—
|
139,496
|
—
|
139,496
|
Intermediate
|
||||
Investments:
|
Municipal Notes^
|
—
|
446,100
|
—
|
446,100
|
Total Investments
|
—
|
446,100
|
—
|
446,100
|
New York
|
||||
Investments:
|
||||
Municipal Notes^
|
—
|
119,671
|
—
|
119,671
|
Total Investments
|
—
|
119,671
|
—
|
119,671
|
^
|
The Schedule of Investments provides information on the state categorization for the portfolio.
|
|
The Funds had no significant transfers between Levels 1 and 2 during the period ended July 31, 2011.
|
##
|
At July 31, 2011, 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
|
$137,374
|
$3,368
|
$1,246
|
$2,122
|
Intermediate
|
437,088
|
15,446
|
6,434
|
9,012
|
New York
|
118,919
|
3,128
|
2,376
|
752
|
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, 2011 and at their final maturity dates.
|
a
|
Currently a zero coupon security; will convert to 6.00% on December 1, 2015.
|
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 6.50% on December 1, 2015.
|
h
|
Currently a zero coupon security; will convert to 7.30% on August 1, 2026.
|
i
|
Currently a zero coupon security; will convert to 6.75% on August 1, 2015.
|
j
|
Security is subject to a guarantee provided by Bayerische Landesbank, backing 100% of the total principal.
|
‡
|
Security had an event of default.
|
ñ
|
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 liquid. At July 31, 2011, these securities amounted to approximately $426,000 or 0.5% of net assets applicable to common shareholders for California.
|
#
|
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, 2011, these securities amounted to approximately $2,289,000 or 0.8% of net assets applicable to common shareholders for Intermediate and $0 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, 2011
|
Fair Value
Percentage of
Net Assets
Applicable to
Common
Shareholders
as of July 31,
2011
|
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%
|
$0
|
0.0%
|
Non-Profit Pfd. Fdg. Trust I, Ser. 2006-C, 4.72%, due 9/15/37
|
10/2/2006
|
3,000
|
1.0
|
2,289
|
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
|
0
|
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.
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(b)
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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.
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The certifications required by Rule 30a-2(a) of the 1940 Act are filed herewith.
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