UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-6471
Van Kampen Trust For Investment Grade Municipals
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(Exact name of registrant as specified in charter)
522 Fifth Avenue, New York, New York 10036
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(Address of principal executive offices) (Zip code)
Ronald Robison
522 Fifth Avenue, New York, New York 10036
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(Name and address of agent for service)
Registrant's telephone number, including area code: 212-762-4000
Date of fiscal year end: 10/31
Date of reporting period: 7/31/07
Item 1. Schedule of Investments.
The Trust's schedule of investments as of the close of the reporting period
prepared pursuant to Rule 12-12 of Regulation S-X is as follows:
Van Kampen Trust for Investment Grade Municipals
Portfolio of Investments -- July 31, 2007 (Unaudited)
PAR
AMOUNT
(000) DESCRIPTION COUPON MATURITY VALUE
-------------------------------------------------------------------------------------------------------------
MUNICIPAL BONDS 196.9%
ALABAMA 3.8%
$ 3,660 Alabama St Brd Ed Rev & Impt
Southn Univ St Cmnty Rfdg
(MBIA Insd) (a) .................................... 5.250% 07/01/20 $ 3,856,103
7,700 Birmingham Baptist Med Ctr AL
Baptist Hlth Sys Ser A ............................. 5.000 11/15/30 7,589,967
750 Birmingham Baptist Med Ctr AL
Baptist Hlth Sys Ser A ............................. 5.875 11/15/24 785,242
1,000 Jefferson Cnty, AL Ltd Oblig Sch
Wt Ser A ........................................... 5.000 01/01/24 1,032,340
2,250 Jefferson Cnty, AL Ltd Oblig Sch
Wt Ser A ........................................... 5.250 01/01/23 2,365,448
7,940 University AL at Birmingham Hosp Rev
Ser A (b) .......................................... 5.000 09/01/36 8,206,109
9,840 University AL at Birmingham Hosp Rev
Ser A (b) .......................................... 5.000 09/01/41 10,125,508
------------
33,960,717
------------
ALASKA 1.8%
2,000 Alaska St Hsg Fin Corp Gen Hsg
Ser A (FGIC Insd) .................................. 5.000 12/01/30 2,061,120
1,250 Alaska St Hsg Fin Corp Gen Hsg
Ser A (FGIC Insd) .................................. 5.250 12/01/34 1,310,712
3,650 Alaska St Intl Arpt Rev Ser B
(AMBAC Insd) (Prerefunded @
10/01/12) .......................................... 5.250 10/01/27 3,891,557
1,575 Matanuska-Susitna Boro, AK Ctf
Partn Pub Safety Bldg Lease
(FSA Insd) ......................................... 5.750 03/01/16 1,647,781
ALASKA (CONTINUED)
7,300 Northern Tob Sec Corp Rev Bkd
Ser A .............................................. 5.000 06/01/46 6,678,551
------------
15,589,721
------------
ARIZONA 2.8%
1,000 Arizona Hlth Fac Auth Hosp Sys
Rev John C Lincoln Hlth
Network (Prerefunded @
12/01/12) .......................................... 6.375 12/01/37 1,126,470
6,075 Glendale, AZ Indl Dev Auth John
C Lincoln Hlth Rfdg Ser B .......................... 5.000 12/01/37 5,930,901
3,050 Glendale, AZ Indl Dev Auth Rfdg ....................... 5.000 12/01/35 2,993,117
3,500 Maricopa Cnty, AZ Hosp Rev
Sun Hlth Corp ...................................... 5.000 04/01/35 3,460,975
11,750 University of AZ Med Ctr Corp ......................... 5.000 07/01/35 11,618,753
------------
25,130,216
------------
ARKANSAS 0.2%
1,395 Washington Cnty, AR Hosp Rev
Regl Med Ctr Rfdg Ser B ............................ 5.000 02/01/30 1,379,209
------------
CALIFORNIA 27.0%
1,300 Anaheim, CA Pub Fin Auth
Lease Rev Pub Impt Proj Ser
C (FSA Insd) ....................................... 6.000 09/01/16 1,483,261
11,235 Anaheim, CA Pub Fin Auth Rev
Elec Sys Dist Fac Ser A (FSA
Insd) .............................................. 5.000 10/01/31 11,626,764
1,000 California Cnty, CA Tob Agy Tob
Sec Sonoma Cnty Corp Rfdg .......................... 5.250 06/01/45 954,960
6,355 California Ed Fac Auth Rev
Pepperdine Univ Rfdg Ser A
(FGIC Insd) ........................................ 5.000 09/01/33 6,528,237
1,200 California Hlth Fac Fin Auth Rev
Kaiser Permanente Ser A ............................ 5.250 04/01/39 1,223,340
3,000 California Hsg Fin Agy Rev Home
Mtg Ser G (AMT) (b) ............................... 4.950 08/01/23 3,019,335
2,000 California Hsg Fin Agy Rev Home
Mtg Ser G (AMT) (b) ............................... 5.050 02/01/29 2,012,890
4,440 California Hsg Fin Agy Rev Home
Mtg Ser M (AMT) (b) ............................... 4.700 08/01/36 4,204,315
7,300 California Hsg Fin Agy Rev Home
Mtg Ser M (AMT) (b) ............................... 4.750 08/01/42 7,044,245
CALIFORNIA (CONTINUED)
1,500 California Pollutn Ctl Fin Auth
Solid Waste Disp Rev Waste
Mgmt Inc Proj Ser B (AMT) .......................... 5.000 07/01/27 1,456,650
1,050 California St (AMBAC Insd) ............................ 5.125 10/01/27 1,062,264
6,295 California St (AMBAC Insd)
(Prerefunded @ 10/01/07) ........................... 5.125 10/01/27 6,372,114
1,000 California St Dept Wtr Res Ctr
Vly Proj Rev Wtr Sys Ser X
(FGIC Insd) ........................................ 5.000 12/01/29 1,034,920
6,500 California St Dept Wtr Res Pwr
Ser A (AMBAC Insd)
(Prerefunded @ 5/01/12) ............................ 5.375 05/01/18 7,020,975
2,000 California St Dept Wtr Res Pwr
Ser A (Prerefunded @
5/01/12) ........................................... 6.000 05/01/15 2,214,260
11,000 California St (Prerefunded @
2/01/14) ........................................... 5.000 02/01/33 11,750,640
1,000 California St Pub Wks Brd UCLA
Replacement Hosp Ser A
(FSA Insd) ......................................... 5.375 10/01/20 1,058,050
5,000 California St Rfdg .................................... 5.000 08/01/28 5,154,550
8,740 California St Veterans Ser CD (AMT) (b) ............... 4.600 12/01/32 8,932,608
5,000 California St Univ Rev & Co
Systemwide Ser A (AMBAC
Insd) .............................................. 5.000 11/01/33 5,160,250
1,350 California Statewide Cmnty Dev
Auth Rev Daughters of Charity
Hlth Ser A ......................................... 5.000 07/01/39 1,319,409
9,015 California Statewide Cmnty Dev
Auth Rev Daughters of Charity
Hlth Ser A ......................................... 5.250 07/01/30 9,139,858
3,000 California Statewide Cmnty Dev
Auth Rev Hlth Fac Adventist
Hlth Ser A ......................................... 5.000 03/01/30 3,011,130
3,750 California Statewide Cmnty Dev
Auth Rev Hlth Fac Adventist
Hlth Ser A ......................................... 5.000 03/01/35 3,752,175
CALIFORNIA (CONTINUED)
2,300 California Statewide Cmnty Dev
Auth Rev Kaiser Permanente
Ser B .............................................. 5.000 03/01/41 2,296,182
4,000 California Statewide Cmnty Dev
Auth Rev Kaiser Permanente
Ser B .............................................. 5.250 03/01/45 4,063,320
3,360 California Statewide Cmnty Dev
Auth Rev Sutter Hlth Ser A ......................... 5.000 11/15/43 3,360,202
6,240 California Statewide Cmnty Dev Auth Rev
Kaiser Permanente Ser A (b) ........................ 5.000 04/01/31 6,287,174
2,000 El Dorado, CA Irr Dist Ctf Ser A
(FGIC Insd) ........................................ 5.000 03/01/21 2,068,260
2,000 Florin, CA Res Consv Dist Cap
Impt Elk Grove Wtr Svc Ser A
(MBIA Insd) ........................................ 5.000 09/01/33 2,061,620
3,000 Florin, CA Res Consv Dist Cap
Impt Elk Grove Wtr Svc Ser B
(MBIA Insd) ........................................ 5.000 03/01/33 3,087,270
2,000 Foothill/Eastern Corridor Agy CA
Toll Rd Rev Cap Apprec Rfdg
(MBIA Insd) ........................................ * 01/15/17 1,250,940
10,750 Foothill/Eastern Corridor Agy CA
Toll Rd Rev Sr Lien Ser A (c) ...................... * 01/01/23 5,340,277
3,000 Fremont, CA Uni Sch Dist Ser A
(FGIC Insd) ........................................ 5.000 08/01/25 3,104,400
5,000 Golden St Tob Sec Corp CA Tob
Settlement Rev Enhanced Ser A ...................... 5.000 06/01/45 5,030,250
5,000 Golden St Tob Sec Corp CA Tob
Settlement Rev Ser A ............................... 5.125 06/01/47 4,671,350
22,000 Golden St Tob Sec Corp CA Tob
Settlement Rev Enhanced Ser A
(FGIC) (b) ......................................... 5.000 06/01/38 22,492,140
1,500 Golden St Tob Sec Corp CA Tob
Settlement Rev Ser A (b) ........................... 5.000 06/01/33 1,503,154
4,000 Golden St Tob Sec Corp CA Tob
Settlement Rev Ser A (b) ........................... 5.750 06/01/47 4,008,410
4,000 Los Angeles, CA Dept Wtr &
Pwr Ser A (FGIC Insd) .............................. 5.125 07/01/40 4,150,080
2,000 Los Angeles, CA Wtr & Pwr Rev
Pwr Sys Ser B (FSA Insd) ........................... 5.000 07/01/28 2,067,840
17,000 Los Angeles, CA Uni Sch Dist Rfdg
Ser A-1 (MBIA Insd) (b) ............................ 4.500 01/01/28 16,786,990
CALIFORNIA (CONTINUED)
1,500 Metropolitan Wtr Dist Southn CA
Wtrwks Rev Auth Ser B1
(FGIC Insd) ........................................ 5.000 10/01/33 1,548,225
3,500 Palm Springs, CA Fin Auth
Lease Rev Convention Ctr Proj
Ser A (MBIA Insd) .................................. 5.500 11/01/35 3,797,815
2,400 Rancho Mirage, CA Jt Pwrs Fin Auth
Rev Eisenhower Med Ctr Ser A (d) ................... 5.000 07/01/47 2,378,976
2,000 Salinas, CA Uni High Sch Dist
Ser A (MBIA Insd)
(Prerefunded @ 6/01/12) ............................ 5.000 06/01/27 2,129,580
3,000 San Francisco, CA City & Cnty
Second Rfdg Ser Issue 29 B
(FGIC Insd) ........................................ 5.125 05/01/20 3,130,140
1,000 Santa Clara Cnty, CA Brd Ed Ctf
Partn Rfdg (MBIA Insd) ............................. 5.000 04/01/25 1,031,820
3,000 Temecula, CA Redev Agy Tax
Temecula Redev Proj No 1
(MBIA Insd) ........................................ 5.250 08/01/36 3,088,680
4,700 Tobacco Sec Auth Northn CA
Tob Settlement Rev Ser A1 .......................... 5.375 06/01/38 4,623,155
3,550 Tobacco Sec Auth Northn CA
Tob Settlement Rev Ser A1 .......................... 5.500 06/01/45 3,530,085
CALIFORNIA (CONTINUED)
3,800 Tobacco Sec Auth Southn CA
Tob Settlement Ser A ............................... 5.000 06/01/37 3,530,580
9,650 Tobacco Sec Auth Southn CA
Tob Settlement Ser A ............................... 5.125 06/01/46 9,020,241
1,600 Turlock, CA Hlth Fac Rev
Emanuel Med Ctr Inc ................................ 5.375 10/15/34 1,626,608
------------
239,602,964
------------
COLORADO 4.8%
2,000 Aurora, CO Ctf Partn (AMBAC
Insd) (Prerefunded @
12/01/10) .......................................... 5.500 12/01/30 2,103,160
3,405 Colorado Ed & Cultural Fac Auth
Rev Impt Charter Sch Rfdg
(XLCA Insd) ........................................ 5.250 12/01/23 3,591,151
4,650 Colorado Ed & Cultural Fac Auth
Rev Student Hsg Univ CO
Fndtn Proj (AMBAC Insd)
(Prerefunded @ 7/01/12) ............................ 5.000 07/01/32 4,884,127
5,500 Colorade Hlth Fac Auth Rev Adventist
Hlth/Sunbelt Ser D Rfdg (b) ........................ 5.250 11/15/27 5,662,553
2,000 Colorado Hlth Fac Auth Rev
Catholic Hlth Initiatives Ser
A (c) .............................................. 5.500 03/01/32 2,121,840
3,000 Colorado Hlth Fac Auth Rev
Covenant Retirement Cmntys
Inc ................................................ 5.000 12/01/35 2,939,220
1,125 Colorado Hlth Fac Auth Rev
Hosp Portercare Adventist Hlth
(Prerefunded @ 11/15/11) ........................... 6.500 11/15/31 1,250,123
11 Colorado Hsg Fin Auth Single
Family Pgm Sr Ser B1 (AMT) ......................... 7.650 11/01/26 11,170
6,440 Colorado Hsg Fin Auth Single Family
Mtg Rev Ser C3 (AMT) (b) ........................... 4.625 11/01/36 6,000,406
3,000 Colorado Springs, CO Util Rev
Sys Sub Lien Impt Rfdg Ser A ....................... 5.000 11/15/29 3,063,000
2,650 Colorado Springs, CO Util Rev
Sys Sub Lien Impt Ser B ............................ 5.000 11/15/30 2,717,204
1,000 El Paso Cnty, CO Ctf Partn
Detention Fac Proj Ser B
(AMBAC Insd) ....................................... 5.375 12/01/18 1,060,220
COLORADO (CONTINUED)
1,805 Lakewood, CO Ctf Partn (AMBAC
Insd) (Prerefunded @
12/01/10) (a) ...................................... 5.300 12/01/16 1,889,203
1,200 North Range Met Dist No 2 CO
Ltd Tax ............................................ 5.500 12/15/37 1,188,540
2,400 Southlands Met Dist No 1 CO
Rfdg & Impt (Radian Insd) .......................... 5.250 12/01/34 2,464,368
1,500 University of CO Hosp Auth Rev
Ser A .............................................. 5.250 11/15/39 1,513,020
------------
42,459,305
------------
CONNECTICUT 0.5%
3,580 Connecticut St Spl Oblig Pkg
Rev Bradley Intl Arpt Ser A
(ACA Insd) (AMT) ................................... 6.600 07/01/24 3,803,535
1,000 Hartford, CT Pkg Sys Rev Ser A
(Prerefunded @ 7/01/10) ............................ 6.500 07/01/25 1,072,270
------------
4,875,805
------------
DELAWARE 0.1%
1,000 Mashantucket Westn Pequot
Tribe Sub Spl Rev Bd Ser
A (e) .............................................. 5.500 09/01/36 1,020,360
------------
DISTRICT OF COLUMBIA 0.8%
2,775 District of Columbia Hosp Rev
Medlantic Hlthcare Rfdg Ser A
(MBIA Insd) (c) .................................... 5.250 08/15/12 2,805,747
2,000 District of Columbia Rev
Friendship Pub Charter Sch
Inc (ACA Insd) ..................................... 5.750 06/01/18 2,116,600
5 District of Columbia Ser E (FSA
Insd) (a) .......................................... 6.000 06/01/13 5,008
DISTRICT OF COLUMBIA (CONTINUED)
2,000 Metropolitan Washington DC
Arpt Auth Sys Ser A (FGIC
Insd) (AMT) ........................................ 5.250 10/01/32 2,058,120
------------
6,985,475
------------
FLORIDA 45.6%
8,000 Brevard Cnty, FL Hlth Fac Auth
Hlthcare Fac Rev Hlth First Inc
Proj ............................................... 5.000 04/01/34 7,993,600
12,960 Brevard Cnty, FL Hlth Fac Auth
Hlthcare Fac Rev Hlth First Inc Proj (b) ........... 5.000 04/01/34 12,939,782
1,000 Broward Cnty, FL Hsg Fin Auth
Multi-Family Hsg Rev
Pembroke Pk Apts Proj
(AMT) .............................................. 5.650 10/01/28 1,004,590
1,000 Broward Cnty, FL Sch Brd Ctf
Partn Ser A (FSA Insd) ............................. 5.000 07/01/22 1,032,930
1,500 Capital Tr Agy FL Rev Fort
Lauderdale Proj (AMT) .............................. 5.750 01/01/32 1,544,025
5,250 Coral Gables, FL Hlth Fac Auth
Hosp Rev Baptist Hlth South
FL (FSA Insd) (Prerefunded @
8/15/14) ........................................... 5.000 08/15/29 5,596,763
1,000 Cross Creek Cmnty Dev Dist FL
Spl Assmt Rev Cross Creek
Comm Dev Ser B ..................................... 5.500 05/01/17 988,630
3,180 Dade Cnty, FL Spl Oblig Cap
Apprec Ser B (AMBAC Insd)
(Prerefunded @ 10/01/08) ........................... * 10/01/26 1,010,000
500 Dade Cnty, FL Wtr & Swr Sys
Rev (FGIC Insd) .................................... 5.250 10/01/26 505,875
1,500 Deltona, FL Trans Cap Impt Rev
(MBIA Insd) ........................................ 5.125 10/01/26 1,577,175
1,125 Deltona, FL Util Sys Rev (MBIA
Insd) .............................................. 5.250 10/01/22 1,189,148
675 Escambia Cnty, FL Hlth Fac
Auth Rev (AMBAC Insd) .............................. 5.950 07/01/20 699,246
FLORIDA (CONTINUED)
1,000 Escambia Cnty, FL Util Auth Util
Sys Rev (FGIC Insd)
(Prerefunded @ 1/01/09) ............................ 5.250 01/01/29 1,030,310
5,930 Flagler Cnty, FL Cap Impt Rev
(MBIA Insd) ........................................ 5.000 10/01/30 6,132,450
1,250 Florida Agric & Mechanical Univ
Rev Student Apt Fac (MBIA
Insd) .............................................. 6.500 07/01/23 1,261,363
310 Florida Hsg Fin Agy
Homeownership Mtg, Class B
(AMT) .............................................. 8.595 11/01/18 325,813
2,750 Florida Hsg Fin Agy Hsg Willow
Lake Apts Ser J-1 (AMBAC
Insd) (AMT) ........................................ 5.350 07/01/27 2,775,575
2,975 Florida Hsg Fin Corp Rev
Homeowner Mtg Ser 1 (GNMA
Collateralized) (AMT) .............................. 4.850 07/01/37 2,875,992
1,985 Florida Hsg Fin Corp Rev
Homeowner Mtg Ser 2 (GNMA
Collateralized) (AMT) .............................. 4.950 07/01/37 1,961,994
505 Florida Hsg Fin Corp Rev
Homeowner Mtg Ser 4 (FSA
Insd) (AMT) ........................................ 6.250 07/01/22 522,251
1,000 Florida Hsg Fin Corp Rev Hsg
Wentworth II Apts Ser A
(AMBAC Insd) (AMT) ................................. 5.375 11/01/29 1,011,540
1,754 Florida Hsg Fin Corp Rev Ser G
(AMT) (b) .......................................... 4.550 07/01/26 1,654,193
5,422 Florida Hsg Fin Corp Rev Ser G
(AMT) (b) .......................................... 4.625 07/01/31 5,113,474
5,104 Florida Hsg Fin Corp Rev Ser G
(AMT) (b) .......................................... 4.700 07/01/37 4,813,570
8,475 Florida Ports Fin Comm Rev St
Trans Tr Fd Intermodal Pgm
(FGIC Insd) (AMT) .................................. 5.500 10/01/29 8,771,625
2,000 Florida Ports Fin Comm Rev St
Trans Tr Fd (MBIA Insd)
(AMT) .............................................. 5.375 06/01/27 2,021,640
1,600 Florida St Brd of Ed Cap Outlay
Pub Ed Rfdg Ser C .................................. 5.000 06/01/16 1,631,296
FLORIDA (CONTINUED)
12,775 Florida St Brd of Ed Cap Outlay
Pub Ed Rfdg Ser D .................................. 5.750 06/01/22 13,488,739
4,500 Florida St Brd of Ed Cap Outlay
Pub Ed Ser C (FGIC Insd)
(Prerefunded @ 6/01/10) ............................ 5.750 06/01/29 4,776,030
15,000 Florida St Brd of Ed Cap Outlay Ser D (b) ............. 4.750 06/01/35 15,097,050
2,000 Florida St Brd of Ed Lottery Rev
Ser A (FGIC Insd) .................................. 5.250 07/01/17 2,093,540
5,000 Florida St Brd of Ed Lottery Rev
Ser A (FGIC Insd)
(Prerefunded @ 7/01/10) ............................ 5.500 07/01/17 5,279,350
1,000 Florida St Brd of Ed Lottery Rev
Ser A (FGIC Insd)
(Prerefunded @ 7/01/10) ............................ 6.000 07/01/14 1,069,550
1,000 Florida St Brd of Ed Rev FL St
Univ Hsg Fac Ser A (MBIA
Insd) .............................................. 5.000 05/01/29 1,020,460
4,735 Florida St Brd of Regt Hsg Rev
Univ FL (FGIC Insd) ................................ 5.500 07/01/28 4,999,544
1,000 Florida St Correctional
Privatization Commn Ctf Partn
(MBIA Insd) ........................................ 5.375 08/01/14 1,062,860
2,360 Florida St Correctional
Privatization Commn Ctf Partn
(MBIA Insd) (a) .................................... 5.375 08/01/15 2,508,350
3,000 Florida St Dept Trans ................................. 5.000 07/01/32 3,085,200
3,000 Florida St Dept Trans Right of
Way Ser A .......................................... 5.250 07/01/21 3,209,790
7,295 Florida St Dept Trans Tpk Rev
Ser A .............................................. 5.000 07/01/29 7,542,738
2,500 Florida St Dept Trans Tpk Rev
Ser A .............................................. 5.000 07/01/30 2,586,600
1,500 Florida St Div Bd Fin Dept Gen
Svc Rev Dept Envrnmtl
Preservtn 2000 Ser A (AMBAC
Insd) .............................................. 5.000 07/01/11 1,516,290
2,000 Florida St Div Bd Fin Dept Gen
Svc Rev Dept Envrnmtl
Preservtn 2000 Ser A (FGIC
Insd) .............................................. 5.250 07/01/12 2,071,660
1,475 Florida St Tpk Auth Tpk Rev
Dept Trans Ser B ................................... 5.000 07/01/30 1,500,370
FLORIDA (CONTINUED)
1,635 Fort Myers, FL Util Rev Rfdg Ser
A (FGIC Insd) ...................................... 5.500 10/01/24 1,701,021
460 Gainesville, FL Util Sys Rev (c) ...................... 8.125 10/01/14 518,917
3,500 Gainesville, FL Util Sys Rev Ser
A (FSA Insd) (Prerefunded @
10/01/15) .......................................... 5.000 10/01/35 3,751,685
1,000 Gramercy Farms Cmnty Dev
Dist FL Spl Assmt Ser B ............................ 5.100 05/01/14 993,440
500 Gulf Breeze, FL Rev Loc Govt
(FGIC Insd) ........................................ 5.650 12/01/20 523,550
730 Gulf Breeze, FL Rev Loc Govt
(FGIC Insd) ........................................ 5.750 12/01/20 767,551
1,000 Gulf Breeze, FL Rev Loc Govt
(FGIC Insd) ........................................ 5.800 12/01/20 1,067,100
5,000 Halifax Hosp Med Ctr FL Hosp
Rev Impt Rfdg Ser A ................................ 5.000 06/01/38 4,865,550
5,500 Halifax Hosp Med Ctr FL Hosp
Rev Impt Rfdg Ser A ................................ 5.250 06/01/26 5,606,645
1,000 Highlands Cnty, FL Hlth Fac
Auth Rev Hosp Adventist Hlth
Rfdg Ser C ......................................... 5.000 11/15/31 1,002,210
9,020 Highlands Cnty, FL Hlth Fac Auth Rev
Hosp Adventist Hlth Ser D (b) ...................... 5.000 11/15/35 8,931,784
3,000 Highlands Cnty, FL Hlth Fac
Auth Rev Hosp Adventist Hlth
Ser D (Prerefunded @
11/15/13) .......................................... 5.375 11/15/35 3,234,960
3,900 Highlands Cnty, FL Hlth Fac
Auth Rev Hosp Adventist Hlth
Sys Ser C .......................................... 5.250 11/15/36 3,949,725
3,000 Highlands Cnty, FL Hlth Fac
Auth Rev Hosp
Adventist/Sunbelt Ser A
(Prerefunded @ 11/15/11) ........................... 6.000 11/15/31 3,272,430
750 Hillsborough Cnty, FL Assmt
Rev Capacity Assmt Spl (FSA
Insd) .............................................. 5.000 03/01/15 780,803
750 Hillsborough Cnty, FL Assmt
Rev Capacity Assmt Spl (FSA
Insd) .............................................. 5.000 09/01/15 780,803
14,160 Hillsborough Cnty, FL Indl Dev Auth
Hosp Rev Tampa Gen Hosp Proj (b) ................... 5.250 10/01/41 14,276,820
FLORIDA (CONTINUED)
1,000 Hillsborough Cnty, FL Indl Dev
Tampa Gen Hosp Proj Ser B .......................... 5.250 10/01/28 1,014,380
1,000 Hillsborough Cnty, FL Indl Dev
Tampa Gen Hosp Proj Ser B .......................... 5.250 10/01/34 1,009,090
2,745 Hillsborough Cnty, FL Port Dist
Rev Tampa Port Auth Proj Ser
A (MBIA Insd) (AMT) ................................ 5.375 06/01/27 2,867,564
10,000 Hillsborough Cnty, FL Solid
Waste & Res Recovery Rev
Ser A (AMT) (b) .................................... 4.500 09/01/34 9,379,150
1,380 Hollywood, FL Cmnty Redev Agy
Beach Cra .......................................... 5.625 03/01/24 1,443,549
2,000 Hollywood, FL Wtr & Swr Rev
Impt & Rfdg (FSA Insd) ............................. 5.000 10/01/21 2,088,780
1,500 Jacksonville, FL Econ Dev
Commn Indl Dev Rev Metro
Pkg Solutions Proj (ACA Insd)
(AMT) .............................................. 5.500 10/01/30 1,563,975
2,500 Jea, FL Elec Sys Rev Ser Three
A (FSA Insd) ....................................... 5.000 10/01/41 2,562,050
7,000 Lakeland, FL Elec & Wtr Rev (a) (c) ................... * 10/01/13 5,489,750
2,230 Lakeland, FL Elec & Wtr Rev (c) ....................... 5.750 10/01/19 2,434,045
2,000 Lakeland, FL Hosp Sys Rev
Lakeland Regl Hlth Sys
(Prerefunded @ 11/15/12) ........................... 5.500 11/15/32 2,168,280
5,120 Lakeland, FL Hosp Sys Rev Lakeland
Regl Hlth Sys Rfdg (b) ............................. 5.000 11/15/25 5,159,373
1,000 Lee Cnty, FL Arpt Rev Ser A
(FSA Insd) (AMT) ................................... 5.750 10/01/22 1,053,760
1,225 Lee Cnty, FL Hsg Fin Auth
Single Family Mtg Rev
Multi-Cnty Pgm Ser A (GNMA
Collateralized) (AMT) .............................. 5.000 03/01/39 1,206,772
2,400 Lee Cnty, FL Indl Dev Auth
Hlthcare Fac Rev Shell
PT/Alliance Oblig Group ............................ 5.125 11/15/36 2,318,640
FLORIDA (CONTINUED)
1,000 Lee Cnty, FL Indl Dev Auth Indl
Dev Rev Lee Charter
Foundation Ser A ................................... 5.375 06/15/37 979,540
1,000 Leesburg, FL Hosp Rev
Leesburg Regl Med Ctr Proj ......................... 5.500 07/01/32 1,020,420
3,200 Leesburg, FL Util Rev (FGIC
Insd) .............................................. 5.000 10/01/34 3,294,336
3,500 Marion Cnty, FL Hosp Dist Rev
Hlth Sys Munroe Reg Impt &
Rfdg ............................................... 5.000 10/01/34 3,471,475
650 Marion Cnty, FL Hosp Dist Rev
Hlth Sys Munroe Reg Impt &
Rfdg (Prerefunded @
10/01/09) .......................................... 5.500 10/01/29 678,522
1,500 Miami Beach, FL Stormwtr Rev
(FGIC Insd) ........................................ 5.250 09/01/25 1,558,245
1,460 Miami Beach, FL Stormwtr Rev
(FGIC Insd) (a) .................................... 5.750 09/01/14 1,552,111
1,045 Miami Beach, FL Stormwtr Rev
(FGIC Insd) ........................................ 5.750 09/01/15 1,110,929
4,720 Miami-Dade Cnty, FL Aviation
Rev Miami Intl Arpt (FGIC
Insd) (AMT) ........................................ 5.375 10/01/32 4,888,174
2,000 Miami-Dade Cnty, FL Aviation
Rev Miami Intl Arpt Hub Ser A
(FGIC Insd) (AMT) .................................. 5.375 10/01/27 2,077,700
4,000 Miami-Dade Cnty, FL Aviation
Rev Miami Intl Arpt Ser A
(CIFG Insd) (AMT) .................................. 5.000 10/01/38 4,058,680
870 Miami-Dade Cnty, FL Aviation
Rev Miami Intl Arpt Ser B
(FGIC Insd) ........................................ 5.450 10/01/15 915,118
3,000 Miami-Dade Cnty, FL Aviation
Rev Miami Intl Arpt Ser B
(FGIC Insd) ........................................ 5.750 10/01/29 3,170,880
2,000 Miami-Dade Cnty, FL Aviation
Rev Ser A (FSA Insd) (AMT) ......................... 5.000 10/01/33 2,023,460
FLORIDA (CONTINUED)
2,000 Miami-Dade Cnty, FL Aviation
Ser A (FSA Insd) (AMT) ............................. 5.125 10/01/35 2,035,620
2,000 Miami-Dade Cnty, FL Ed Fac
Auth Rev Ser A (AMBAC Insd)
(Prerefunded @ 4/01/10) ............................ 5.750 04/01/29 2,117,300
4,905 Miami-Dade Cnty, FL Pub Fac
Rev Jackson Hlth Sys Ser A
(MBIA Insd) ........................................ 5.000 06/01/31 5,040,623
5,000 Miami-Dade Cnty, FL Sch Brd
Ctf Partn Ser A (AMBAC
Insd) .............................................. 5.000 11/01/25 5,196,700
390 North Broward, FL Hosp Dist
Rev Impt ........................................... 6.000 01/15/31 408,548
3,860 North Broward, FL Hosp Dist
Rev Impt (Prerefunded @
1/15/11) ........................................... 6.000 01/15/31 4,155,329
1,000 Orange Cnty, FL Cap Rev Impt
& Rfdg (AMBAC Insd) ................................ * 10/01/12 816,190
1,000 Orange Cnty, FL Cap Rev Impt
& Rfdg (AMBAC Insd) ................................ * 10/01/13 781,890
1,200 Orange Cnty, FL Hlth Fac Auth
Rev First Mtg-Orlando Lutheran
Tower .............................................. 5.500 07/01/32 1,178,388
980 Orange Cnty, FL Hlth Fac Auth
Hosp Hlthcare Ser E ................................ 6.000 10/01/26 1,015,564
20 Orange Cnty, FL Hlth Fac Auth
Hosp Hlthcare Ser E
(Prerefunded @ 10/01/09) ........................... 6.000 10/01/26 21,071
1,000 Orange Cnty, FL Hlth Fac Auth
Rev Hosp Orlando Regl
Hlthcare Ser B ..................................... 5.125 11/15/39 1,001,320
FLORIDA (CONTINUED)
1,000 Orange Cnty, FL Hsg Fin Auth
Multi-Family Rev Mtg Hands
Inc Proj Ser A (Acquired
6/19/95, Cost 1,000,000) (f) ....................... 7.000 10/01/25 1,058,190
1,000 Orange Cnty, FL Sales Tax Rev
Rfdg Ser A (FGIC Insd) ............................. 5.125 01/01/20 1,046,580
2,000 Orange Cnty, FL Tourist Dev
Tax Rev (AMBAC Insd)
(Prerefunded @ 10/01/09) ........................... 5.500 10/01/31 2,072,280
4,000 Orange Cnty, FL Tourist Dev
Tax Rev (AMBAC Insd)
(Prerefunded @ 10/01/09) ........................... 5.625 10/01/14 4,154,880
1,500 Orlando & Orange Cnty Expwy
Auth FL Expwy Rev Jr Lien
(FGIC Insd) ........................................ 5.000 07/01/28 1,520,235
1,000 Osceola Cnty, FL Sch Brd Ctf
Ser A (AMBAC Insd)
(Prerefunded @ 6/01/12) ............................ 5.125 06/01/22 1,063,320
2,000 Osceola Cnty, FL Sch Brd Ctf
Ser A (AMBAC Insd)
(Prerefunded @ 6/01/12) ............................ 5.250 06/01/27 2,137,580
10,000 Palm Beach Cnty, FL Hlth Fac
Auth Retirement Cmnty Rev Act
Retirement Life Ser A (b) .......................... 4.500 11/15/36 8,973,300
1,000 Palm Beach Cnty, FL Sch Brd
Ctf Partn Ser A (FSA Insd) ......................... 5.000 08/01/31 1,031,070
1,000 Palm Beach Cnty, FL Sch Brd
Ctf Partn Ser A (FGIC Insd)
(Prerefunded @ 8/01/10) ............................ 5.875 08/01/21 1,067,600
1,000 Palm Coast, FL Util Sys Rev
(MBIA Insd) ........................................ 5.250 10/01/21 1,059,250
5,000 Pasco Cnty, FL Wtr & Swr Rev
Rfdg (FSA Insd) .................................... 5.000 10/01/36 5,164,800
1,000 Pembroke Pines, FL Cons Util
Sys Rev (FGIC Insd) (c) ............................ 6.250 09/01/11 1,056,060
FLORIDA (CONTINUED)
1,500 Pensacola, FL Arpt Rev Rfdg
Ser A (MBIA Insd) (AMT) ............................ 6.000 10/01/12 1,559,955
1,565 Pensacola, FL Arpt Rev Rfdg
Ser A (MBIA Insd) (AMT) ............................ 6.125 10/01/18 1,628,383
500 Polk Cnty, FL Sch Brd Ctf Partn
Master Lease Ser A (FSA
Insd) .............................................. 5.500 01/01/25 525,850
1,000 Port Saint Lucie, FL Util Rev
Impt & Rfdg Ser A (MBIA
Insd) .............................................. 5.125 09/01/27 1,010,770
1,000 Saint Johns Cnty, FL Indl Dev
Auth Hlthcare Glenmoor Proj
Ser A .............................................. 5.250 01/01/26 989,140
1,500 Saint Johns Cnty, FL Indl Dev
Auth Hlthcare Glenmoor Proj
Ser A .............................................. 5.375 01/01/40 1,494,900
1,765 Saint Johns Cnty, FL Indl Dev
Auth Hlthcare Vicars Landing
Proj Rfdg .......................................... 5.000 02/15/27 1,748,674
5,860 Saint Lucie Cnty, FL Sch Brd Ctf
Partn (FSA Insd) ................................... 5.000 07/01/29 6,027,537
2,000 Saint Lucie Cnty, FL Sch Brd Ctf
Ser A (FSA Insd) ................................... 5.000 07/01/21 2,065,860
1,000 Saint Lucie Cnty, FL Sch Brd Ctf
Ser A (FSA Insd) ................................... 5.000 07/01/23 1,032,930
1,210 Saint Lucie Cnty, FL Sch Brd Ctf
Ser A (FSA Insd) (a) ............................... 5.500 07/01/14 1,290,271
5,500 South FL Wtr Mgmt Dist Ctf (b) ........................ 5.000 10/01/31 5,664,780
9,500 South FL Wtr Mgmt Dist Ctf (b) ........................ 5.000 10/01/36 9,784,620
1,000 South Lake Cnty Hosp Dist FL
South Lake Hosp Inc ................................ 6.375 10/01/28 1,079,530
FLORIDA (CONTINUED)
1,500 South Miami, FL Hlth Fac Auth
Hosp Rev Baptist Hlth
(AMBAC Insd) (Prerefunded @
2/01/13) ........................................... 5.250 11/15/33 1,598,070
1,500 South Miami, FL Hlth Fac Auth
Hosp Rev Baptist Hlth South
FL Group ........................................... 5.000 08/15/37 1,506,435
500 Split Pine Cnty Dev Dist FL Spl
Assmt Ser A ........................................ 5.250 05/01/39 470,240
1,000 Tallahassee, FL Hlth Fac Rev
Tallahassee Mem Hlthcare
Proj ............................................... 6.375 12/01/30 1,044,620
1,000 Tallahassee, FL Lease Rev FL
St Univ Proj Ser A (MBIA
Insd) (a) .......................................... 5.500 08/01/17 1,055,360
1,115 Tallahassee, FL Lease Rev FL
St Univ Proj Ser A (MBIA
Insd) (a) .......................................... 5.500 08/01/19 1,174,173
2,500 Tampa Bay Wtr FL A Regl Wtr
Supply Auth Util Sys Rev Impt
& Rfdg (FGIC Insd) ................................. 4.500 10/01/36 2,409,775
3,000 Tampa, FL Hosp Rev Cap Impt
H Lee Moffitt Ser A ................................ 5.750 07/01/19 3,092,760
1,800 Tampa, FL Hosp Rev Cap Impt
H Lee Moffitt Ser A ................................ 5.750 07/01/29 1,849,644
2,880 Tampa, FL Occupational
License Rfdg Ser A (FGIC
Insd) .............................................. 5.375 10/01/15 3,071,606
3,500 Village Ctr Cmnty Dev Dist FL
Recreational Rev Ser A (MBIA
Insd) .............................................. 5.125 11/01/36 3,640,560
1,000 Village Ctr Cmnty Dev Dist FL
Recreational Rev Ser A (MBIA
Insd) .............................................. 5.200 11/01/25 1,042,690
2,000 Village Ctr Cmnty Dev Dist FL
Util Rev (MBIA Insd) ............................... 5.250 10/01/23 2,121,320
1,000 Village Ctr Cmnty Dev Dist FL
Util Rev (FGIC Insd) (c) ........................... 6.000 11/01/18 1,143,860
FLORIDA (CONTINUED)
1,000 Volusia Cnty, FL Ed Fac Auth
Rev Ed Fac Embry Riddle
Aero Ser A ......................................... 5.750 10/15/29 1,027,390
3,250 Volusia Cnty, FL Ed Fac Auth
Rev Ed Fac Embry Riddle
Rfdg (Radian Insd) ................................. 5.000 10/15/35 3,227,868
3,000 West Orange Hlthcare Dist FL
Ser A .............................................. 5.800 02/01/31 3,118,410
820 West Palm Beach, FL Cmnty
Redev Agy Northwood -
Pleasant Cmnty Redev Ser A ......................... 5.000 03/01/35 834,276
------------
403,982,658
------------
GEORGIA 2.8%
2,000 Atlanta, GA Arpt Passenger Fac
Charge Rev Gen Sub Lien Ser
C (FSA Insd) ....................................... 5.000 01/01/33 2,055,800
2,187 Fulton Cnty, GA Lease Rev
(Acquired 12/23/94,
Cost 2,187,000) (f) ................................ 7.250 06/15/10 2,245,014
1,500 George L Smith II GA World
Congress Cent Auth Rev
Domed Stadium Proj Rfdg
(MBIA Insd) (AMT) .................................. 5.500 07/01/20 1,563,510
3,000 Georgia Muni Elec Auth Pwr Rev
Rfdg Ser B (FGIC Insd) ............................. 6.250 01/01/17 3,495,720
2,635 Georgia Muni Elec Auth Pwr Rev
Ser A (MBIA Insd) .................................. 6.500 01/01/20 3,195,201
5,575 Georgia Muni Elec Auth Pwr Rev
Ser Y (MBIA Insd) .................................. 6.500 01/01/17 6,403,110
240 Georgia Muni Elec Auth Pwr Rev
Ser Y (MBIA Insd) .................................. 6.500 01/01/17 275,614
85 Georgia Muni Elec Auth Pwr Rev
Ser Y (MBIA Insd)
(Prerefunded @ 1/01/14) ............................ 6.500 01/01/17 97,514
2,000 Municipal Elec Auth GA
Combustion Turbine Proj Ser
A (MBIA Insd) ...................................... 5.250 11/01/22 2,104,620
800 Royston, GA Hosp Auth Hosp
Rev Ctf Hlthcare Sys Inc ........................... 6.700 07/01/16 833,768
GEORGIA (CONTINUED)
2,500 Royston, GA Hosp Auth Hosp
Rev Ctf Hlthcare Sys Inc
Rfdg ............................................... 6.500 07/01/27 2,583,750
------------
24,853,621
------------
ILLINOIS 9.4%
2,000 Bedford Park, IL Rfdg Ser A
(FSA Insd) ......................................... 5.250 12/15/20 2,135,780
4,000 Chicago, IL Brd of Ed Chicago
Sch Reform Ser A (AMBAC
Insd) .............................................. 5.250 12/01/27 4,093,720
2,000 Chicago, IL Brd of Ed (FGIC
Insd) (Prerefunded @
12/01/10) .......................................... 5.500 12/01/31 2,105,720
1,500 Chicago, IL Lakefront Millennium
Pk Fac (MBIA Insd)
(Prerefunded @ 1/01/09) ............................ 5.125 01/01/28 1,556,925
3,000 Chicago, IL O'Hare Intl Arpt Rev
Gen Arpt Third Lien C-2 Rfdg
(XLCA Insd) (AMT) .................................. 5.250 01/01/34 3,100,440
1,500 Chicago, IL O'Hare Intl Arpt Rev
Gen Arpt Third Lien Rfdg Ser
C-2 (FSA Insd) (AMT) ............................... 5.250 01/01/30 1,551,900
5,000 Chicago, IL O'Hare Intl Arpt Rev
Gen Arpt Third Lien (MBIA Insd) (b) ................ 5.250 01/01/23 5,323,200
4,400 Chicago, IL O'Hare Intl Arpt Rev
Gen Arpt Third Lien (MBIA Insd) (b) ................ 5.250 01/01/24 4,670,017
11,500 Chicago, IL O'Hare Intl Arpt Rev
Gen Arpt Third Lien (MBIA Insd) (b) ................ 5.250 01/01/25 12,205,726
1,000 Chicago, IL O'Hare Intl Arpt Rev
Second Lien Passenger Fac
Ser B (AMBAC Insd) ................................. 5.500 01/01/16 1,056,160
2,000 Chicago, IL O'Hare Intl Arpt Rev
Second Lien Passenger Fac
Ser B (AMBAC Insd) ................................. 5.500 01/01/17 2,112,980
3,500 Chicago, IL Proj Rfdg Ser A
(MBIA Insd) (g) .................................... 5.000 01/01/31 3,572,765
375 Chicago, IL Proj Rfdg Ser C
(FGIC Insd) ........................................ 5.750 01/01/14 397,661
ILLINOIS (CONTINUED)
375 Chicago, IL Proj Rfdg Ser C
(FGIC Insd) ........................................ 5.750 01/01/15 397,661
1,000 Chicago, IL Rfdg Ser B (AMBAC
Insd) .............................................. 5.125 01/01/15 1,055,190
3,230 Cook Cnty, IL Rfdg Ser A (MBIA
Insd) .............................................. 5.625 11/15/16 3,278,579
1,000 Cook Cnty, IL Ser A (FGIC Insd)
(Prerefunded @ 5/15/11) ............................ 5.500 11/15/31 1,059,580
3,500 Du Page Cnty, IL Fst Presv Dist ....................... * 11/01/10 3,084,165
2,310 Illinois Dev Fin Auth Rev
Adventist Hlth Ser A (MBIA
Insd) .............................................. 5.500 11/15/13 2,500,829
2,500 Illinois Dev Fin Auth Rev
Adventist Hlth Ser A (MBIA
Insd) .............................................. 5.500 11/15/15 2,726,800
1,475 Illinois Dev Fin Auth Rev Loc
Govt Pgm Geneva Cmnty 304
Ser B (FSA Insd) (a) ............................... 5.750 01/01/15 1,582,823
1,145 Illinois Dev Fin Auth Rev Loc
Govt Pgm Geneva Cmnty 304
Ser B (FSA Insd) (a) ............................... 5.750 01/01/17 1,224,383
2,000 Illinois Fin Auth Rev IL Inst of
Technology Ser A ................................... 5.000 04/01/31 1,997,100
1,330 Illinois Fin Auth Solid Waste Rev
Disp Waste Mgmt Inc Proj
(AMT) .............................................. 5.050 08/01/29 1,291,310
1,325 Illinois Fin Auth Student Hsg Rev
MJH Ed Assistance IV Sr Ser A ...................... 5.125 06/01/35 1,313,261
1,250 Illinois Hlth Fac Auth Rev
Evangelical Hosp Ser C (FSA
Insd) .............................................. 6.750 04/15/17 1,449,025
700 Illinois Hlth Fac Auth Rev
Highland Park Hosp Proj Ser A
(MBIA Insd) (Prerefunded @
10/01/07) .......................................... 5.750 10/01/17 716,156
ILLINOIS (CONTINUED)
2,275 Illinois Hlth Fac Auth Rev South
Suburban Hosp (c) .................................. 7.000 02/15/18 2,651,899
4,750 Illinois Hsg Dev Auth Rev
Homeowner Mtg Sub Ser C-2
(AMT) .............................................. 5.150 08/01/37 4,787,383
1,000 Illinois St (FGIC Insd) ............................... 5.250 12/01/20 1,004,915
1,900 Kendall, Kane & Will Cntys, IL
Cmnty Unit Sch Dist No 308
Ser B (FGIC Insd) .................................. 5.250 10/01/21 1,998,439
250 Metropolitan Pier & Expo Auth IL
Dedicated St Tax Rev
McCormick Pl Expn Proj Ser A
(FGIC Insd) ........................................ 5.375 12/15/18 260,230
1,000 Schaumburg, IL Ser B (FGIC
Insd) .............................................. 5.000 12/01/41 1,024,910
3,020 University IL Univ Rev Auxiliary
Fac Sys (MBIA Insd) ................................ 4.500 04/01/36 2,904,092
1,500 Yorkville, IL Utd City Spl Svc
Area Spl Tax No 2006-113
Cannonball/Beecher ................................. 5.750 03/01/28 1,468,935
------------
83,660,659
------------
INDIANA 3.0%
2,560 East Washington, IN Multi Sch
Bldg Corp First Mtg (FGIC
Insd) (Prerefunded @
7/15/12) ........................................... 5.375 07/15/28 2,737,536
1,660 Indiana Hlth & Ed Fac Fin Auth
Hosp Rev Clarian Hlth Oblig
Ser A .............................................. 5.000 02/15/36 1,636,378
1,300 Indiana Hlth & Ed Fac Fin Auth Hosp
Rev Cmnty Fndtn Northwest IN ....................... 5.500 03/01/37 1,309,074
3,500 Indiana Hlth & Ed Fac Fin Auth Hosp
Rev Cmnty Proj Ser A
(AMBAC Insd) ....................................... 5.000 05/01/35 3,605,105
INDIANA (CONTINUED)
4,000 Indiana Hlth Fac Fin Auth Rev
Deaconess Hosp Ser A
(AMBAC Insd) ....................................... 5.375 03/01/34 4,219,480
6,612 Indiana St Hsg & Cmnty Dev Auth
Single Family Mtg Rev Ser D1 (GNMA
Collateralized) (AMT) (b) .......................... 4.625 07/01/38 6,120,971
1,280 North Adams, IN Cmnty Sch
Renovation Bldg Corp Cap
Apprec First Mtg (FSA
Insd) (a) .......................................... * 01/15/19 767,078
1,500 Petersburg, IN Pollutn Ctl Rev IN
Pwr & Lt (AMT) ..................................... 5.950 12/01/29 1,579,905
1,605 Richland Beanblossom, IN Sch
First Mtg (FGIC Insd)
(Prerefunded @ 7/15/11) (a) ........................ 5.500 07/15/12 1,704,478
2,530 Vigo Cnty, IN Sch Bldg Corp
First Mtg Impt & Rfdg (FSA
Insd) (Prerefunded @
1/10/13) ........................................... 5.250 07/10/24 2,701,711
------------
26,381,716
------------
IOWA 1.8%
1,685 Des Moines, IA Pub Pkg Sys Ser
A (FGIC Insd) (a) .................................. 5.750 06/01/15 1,769,418
1,785 Des Moines, IA Pub Pkg Sys Ser
A (FGIC Insd) (a) .................................. 5.750 06/01/16 1,874,910
2,750 Tobacco Settlement Auth IA Tob
Settlement Rev Asset Bkd Ser C ..................... 5.375 06/01/38 2,705,038
6,700 Tobacco Settlement Auth IA Tob
Settlement Rev Ser C ............................... 5.500 06/01/42 6,663,418
2,750 Tobacco Settlement Auth IA Tob
Settlement Rev Ser C ............................... 5.625 06/01/46 2,765,318
------------
15,778,102
------------
KANSAS 0.7%
3,810 Kansas St Dev Fin Auth Rev KS
Proj Ser N (AMBAC Insd) (a) ........................ 5.250 10/01/22 3,995,661
KANSAS (CONTINUED)
1,100 Labette Cnty, KS Hosp Rev Rfdg
& Impt Ser A ....................................... 5.750 09/01/37 1,130,096
1,250 Lenexa, KS Hlthcare Fac Rev
Rfdg & Impt ........................................ 5.500 05/15/39 1,269,275
------------
6,395,032
------------
KENTUCKY 2.9%
1,000 Kenton Cnty, KY Arpt Brd Rev
Cincinnati/Northn KY Intl Arpt
Rfdg Ser A (MBIA Insd)
(AMT) .............................................. 6.200 03/01/08 1,013,430
3,690 Kenton Cnty, KY Arpt Brd Rev
Cincinnati/Northn KY Intl Arpt
Rfdg Ser A (MBIA Insd)
(AMT) (a) .......................................... 6.250 03/01/09 3,811,549
5,900 Kentucky Hsg Corp Hsg Rev
Ser A (AMT) (b) .................................... 4.650 07/01/37 5,542,608
2,450 Louisville & Jefferson Cnty, KY
Swr Ser A (MBIA Insd) (a) .......................... 5.500 05/15/16 2,625,151
12,390 Louisville & Jefferson Cnty, KY
Metro Govt Hlth Sys Rev (b) ........................ 5.250 10/01/36 12,455,130
------------
25,447,868
------------
LOUISIANA 1.9%
4,395 Ernest N Morial New Orleans,
LA Exhib Hall Auth Spl Tax
Sub Ser A (AMBAC Insd) ............................. 5.250 07/15/22 4,606,356
3,000 Lafayette, LA Util Rev (MBIA
Insd) .............................................. 5.250 11/01/21 3,194,940
2,450 Louisiana Hsg Fin Agy Rev
Azalea Estates Rfdg Ser A
(GNMA Collateralized) (AMT) ........................ 5.375 10/20/39 2,511,960
6,600 Louisiana St Gas & Fuels Tax
Rev Ser A (FGIC
Insd) (b) .......................................... 5.000 05/01/41 6,790,344
------------
17,103,600
------------
MARYLAND 1.4%
470 Baltimore, MD Convention Ctr
Hotel Rev Ser A (XLCA Insd) (b) .................... 5.250 09/01/24 504,379
2,530 Baltimore, MD Convention Ctr
Hotel Rev Ser A (XLCA Insd) (b) .................... 5.250 09/01/25 2,715,064
MARYLAND (CONTINUED)
1,635 Maryland St Cmnty Dev Admin
Dept Hsg & Cmnty Dev
(AMT) (d) ......................................... 5.100 09/01/37 1,644,172
2,500 Maryland St Hlth & Higher Ed
Fac Auth Rev MD Inst College
of Art ............................................. 5.000 06/01/40 2,450,425
2,250 Maryland St Trans Auth Arpt
Baltimore/WA Intl Arpt Ser B
(AMBAC Insd) (AMT) ................................. 5.125 03/01/24 2,329,695
2,350 Northeast, MD Waste Disp Auth
Rfdg (AMBAC Insd) (AMT) ............................ 5.500 04/01/16 2,494,948
------------
12,138,683
------------
MASSACHUSETTS 4.5%
2,760 Massachusetts St Fltg Cons Ln
Ser A (FGIC Insd) (b) (i) .......................... 4.149 05/01/37 2,743,440
500 Massachusetts St Hlth & Ed Fac
Auth Rev Hlthcare Sys
Covenant Hlth ...................................... 6.000 07/01/31 530,420
35 Massachusetts St Hlth & Ed Fac
Auth Rev Ser C ..................................... 5.750 07/01/32 37,597
965 Massachusetts St Hlth & Ed Fac
Auth Rev Ser C (Prerefunded
@ 7/01/11) ......................................... 5.750 07/01/32 1,040,260
5,835 Massachusetts St Hlth & Ed Fac
Auth Rev Univ MA Mem Issue
Ser D .............................................. 5.000 07/01/33 5,722,560
7,698 Massachusetts St Hsg Fin Agy
Hsg Rev Single Family Hsg Ser 126
(AMT) (b) .......................................... 4.550 06/01/27 7,312,330
5,540 Massachusetts St Hsg Fin Agy
Hsg Rev Single Family Hsg Ser 126
(AMT) (b) .......................................... 4.700 06/01/38 5,586,688
MASSACHUSETTS (CONTINUED)
1,980 Massachusetts St Hsg Fin Agy
Hsg Rev Single Family Hsg Ser 126
(AMT) (b) .......................................... 4.625 06/01/32 1,862,883
1,000 Massachusetts St Hsg Fin Agy
Hsg Ser A (AMT) .................................... 5.100 12/01/27 1,012,660
2,805 Massachusetts St Port Auth Rev
Ser A (MBIA Insd) .................................. 5.000 07/01/22 2,913,946
6,340 Massachusetts St Sch Bldg Auth
Dedicated Sales Tax Rev Ser A (b) .................. 4.500 08/15/35 6,554,514
4,500 Massachusetts St Wtr Res Auth
Gen Ser A (b) ...................................... 5.000 08/01/41 4,643,168
------------
39,960,466
------------
MICHIGAN 4.2%
3,015 Detroit, MI Downtown Dev Auth
Tax Increment Rev Ser C1 ........................... * 07/01/17 1,864,989
3,050 Detroit, MI Downtown Dev Auth
Tax Increment Rev Ser C1 (a) ....................... * 07/01/18 1,787,879
3,050 Detroit, MI Downtown Dev Auth
Tax Increment Rev Ser C1 (a) ....................... * 07/01/19 1,689,669
3,050 Detroit, MI Downtown Dev Auth
Tax Increment Rev Ser C1 (a) ....................... * 07/01/22 1,433,134
3,050 Detroit, MI Downtown Dev Auth
Tax Increment Rev Ser C1 (a) ....................... * 07/01/23 1,360,239
3,050 Detroit, MI Downtown Dev Auth
Tax Increment Rev Ser C1 (a) ....................... * 07/01/24 1,290,852
2,965 Detroit, MI Wtr Supply Sys Ser C
(MBIA Insd) (a) .................................... 5.250 07/01/20 3,136,851
3,500 Grand Rapids, MI Downtown
Dev Cap Apprec (MBIA Insd) ......................... * 06/01/15 2,524,620
2,765 Grand Rapids, MI Downtown
Dev Cap Apprec (MBIA Insd) ......................... * 06/01/16 1,901,463
2,000 Grand Rapids, MI Wtr Supply
Sys Rfdg (FGIC Insd) ............................... 5.750 01/01/13 2,118,520
2,000 Kent Hosp Fin Auth MI Rev
Metro Hosp Proj Ser A .............................. 6.000 07/01/35 2,139,440
MICHIGAN (CONTINUED)
4,000 Michigan St Bldg Auth Rev Fac
Pgm Rfdg Ser III (FSA Insd)
(Prerefunded @ 10/15/12) ........................... 5.000 10/15/26 4,219,720
2,850 Michigan St Hosp Fin Auth Rev
Ascension Hlth Cr Ser A
(MBIA Insd) (Prerefunded @
11/15/09) .......................................... 5.750 11/15/18 2,995,094
2,500 Michigan St Strategic Fd Detroit
Edison Co Proj Rfdg Ser C
(XLCA Insd) (AMT) .................................. 5.450 12/15/32 2,616,575
2,500 Michigan St Strategic Fd Detroit
Edison Co Proj Ser A (XLCA
Insd) (AMT) ........................................ 5.500 06/01/30 2,647,575
2,500 Michigan St Strategic Fd Detroit
Edison Pollutn Ctl Rfdg
(AMBAC Insd) (h) ................................... 4.850 09/01/30 2,573,075
1,000 Michigan St Strategic Fd
Detroit Edison Pollutn Ctl Rfdg
Ser B (AMT) ........................................ 5.650 09/01/29 1,036,230
------------
37,335,925
------------
MINNESOTA 1.5%
1,250 Dakota Cnty, MN Cmnty Dev
Agy Multi-Family Hsg Rev
Commons on Marice Proj Rfdg
Ser A .............................................. 5.000 05/01/42 1,163,537
1,175 Maple Grove, MN Hlthcare Fac
Rev North Mem Hlthcare ............................. 5.000 09/01/35 1,174,072
5,000 Minneapolis & Saint Paul, MN
Metro Arpt Comm Arpt Rev
Ser A (FGIC Insd)
(Prerefunded @ 1/01/09) ............................ 5.125 01/01/31 5,142,300
50 Minnesota Agric & Econ Dev Brd
Rev Hlthcare Ser A (MBIA
Insd) .............................................. 5.750 11/15/26 51,233
2,750 Minnesota Agric & Econ Dev Brd
Rev Hlthcare Ser A (MBIA
Insd) (Prerefunded @
11/15/07) .......................................... 5.750 11/15/26 2,819,987
MINNESOTA (CONTINUED)
1,100 Saint Paul, MN Hsg & Redev
Auth Hosp Rev Hlth East Proj ....................... 6.000 11/15/30 1,174,954
1,250 Saint Paul, MN Hsg & Redev
Auth Hosp Rev Hlth East Proj ....................... 6.000 11/15/35 1,332,563
------------
12,858,646
------------
MISSOURI 3.1%
245 Cape Girardeau Cnty, MO Indl
Dev Auth Hlthcare Fac Rev
Southeast MO Hosp Assoc ............................ 5.625 06/01/27 252,811
1,255 Cape Girardeau Cnty, MO Indl
Dev Auth Hlthcare Fac Rev
Southeast MO Hosp Assoc
(Prerefunded @ 6/01/12) ............................ 5.625 06/01/27 1,348,598
1,250 Cole Cnty, MO Indl Dev Auth Sr
Living Fac Rev Lutheran Svc
Heisinger Proj ..................................... 5.500 02/01/35 1,290,625
1,625 Jefferson Cnty, MO Reorg Sch
Dist No R-6 (FGIC Insd) ............................ 5.625 03/01/20 1,693,396
2,500 Joplin, MO Indl Dev Auth Indl
Rev Rfdg Christian Homes Inc
Ser F .............................................. 5.750 05/15/26 2,526,775
1,000 Joplin, MO Indl Dev Auth Indl
Rev Rfdg Christian Homes Inc
Ser F .............................................. 5.750 05/15/31 1,005,480
1,500 Kansas City, MO Metro Cmnty
Leasehold Jr College Impt &
Rfdg (FGIC Insd) (Prerefunded
@ 7/01/11) ......................................... 5.500 07/01/17 1,589,970
3,275 Missouri Jt Muni Elec Util
Comnty Pwr Proj Rev Plum
Point Proj (MBIA Insd) ............................. 5.000 01/01/26 3,392,048
1,250 Saint Charles, MO Ctf Partn Ser B ..................... 5.500 05/01/18 1,317,800
1,250 Saint Louis Cnty, MO Indl Dev Auth
Sr Living Fac Rev Friendship
Vlg West Cnty Ser A ................................ 5.375 09/01/21 1,284,225
3,025 Springfield, MO Pub Bldg Corp
Leasehold Rev Springfield Branson
Arpt Ser B (AMT) (AMBAC Insd) (b) .................. 4.550 07/01/29 2,858,806
3,675 Springfield, MO Pub Bldg Corp
Leasehold Rev Springfield Branson
Arpt Ser B (AMT) (AMBAC Insd) (b) .................. 4.600 07/01/36 3,473,096
MISSOURI (CONTINUED)
6,000 Springfield, MO Pub Util Rev
(FGIC Insd) ........................................ 4.500 08/01/36 5,824,020
------------
27,857,650
------------
NEBRASKA 0.9%
2,615 Omaha Pub Pwr Dist NE Elec
Rev Sys Ser A ...................................... 5.000 02/01/34 2,691,698
4,820 Omaha Pub Pwr Dist NE Elec Rev
Sub Sys Ser AA (FGIC Insd) (b) ..................... 4.500 02/01/34 4,876,683
------------
7,568,381
------------
NEVADA 2.8%
8,000 Clark Cnty, NV Arpt Rev Sub
Lien Ser A-2 (FGIC Insd) ........................... 5.000 07/01/36 8,204,080
4,900 Clark Cnty, NV Indl Dev Rev Southwest
Gas Corp Proj Ser A (FGIC) (b) ..................... 4.750 09/01/36 4,803,666
3,000 Clark Cnty, NV Indl Dev Rev
Southwest Gas Corp Proj Ser
A (AMBAC Insd) (AMT) ............................... 5.250 07/01/34 3,113,400
3,500 Clark Cnty, NV Indl Dev
Southwest Gas Corp Proj Ser
D1 (FGIC Insd) (AMT) ............................... 5.250 03/01/38 3,642,415
3,460 Reno, NV Hosp Rev Regl Med
Ctr Proj Ser A (b) ................................ 5.250 06/01/37 3,492,835
1,500 Reno, NV Sr Lien Retrac Reno
Trans Proj (AMBAC Insd)
(Prerefunded @ 6/01/12) ............................ 5.125 06/01/32 1,582,515
------------
24,838,911
------------
NEW HAMPSHIRE 0.2%
1,000 New Hampshire Hlth & Ed Fac
Auth Rev Derryfield Sch ............................ 7.000 07/01/30 1,071,900
1,000 New Hampshire St Bus Fin Auth
Wtr Fac Rev Pennichuck
Wtrwks Inc (AMBAC Insd)
(AMT) .............................................. 6.300 05/01/22 1,021,680
------------
2,093,580
------------
NEW JERSEY 7.3%
1,200 New Jersey Econ Dev Auth Cig
Tax ................................................ 5.750 06/15/29 1,278,852
1,500 New Jersey Econ Dev Auth Cig
Tax ................................................ 5.750 06/15/34 1,591,320
3,000 New Jersey Econ Dev Auth Rev
Motor Vehicle Sur Rev Ser A
(MBIA Insd) ........................................ 5.000 07/01/23 3,144,870
25,000 New Jersey Econ Dev Auth St
Contract Econ Recovery
(MBIA Insd) ........................................ 5.900 03/15/21 29,076,000
1,835 New Jersey St Ed Fac Auth
Higher Ed Cap Impt Ser A
(AMBAC Insd) (Prerefunded @
9/01/12) ........................................... 5.250 09/01/21 1,955,578
6,000 New Jersey St Tpk Auth Tpk
Rev Ser C-1 (AMBAC Insd) ........................... 5.000 01/01/35 6,106,260
2,095 New Jersey St Trans Tr Fd Auth
Trans Sys Ser A .................................... 5.750 06/15/17 2,344,326
7,500 Tobacco Settlement Fin Corp NJ
Ser 1A ............................................. 4.750 06/01/34 6,720,075
14,000 Tobacco Settlement Fin Corp NJ
Ser 1A (b) ......................................... 5.000 06/01/41 12,919,200
------------
65,136,481
------------
NEW MEXICO 0.2%
1,250 Jicarilla, NM Apache Nation Rev
Ser A (Acquired 10/23/03,
Cost 1,275,475) (f) ................................ 5.500 09/01/23 1,331,888
------------
NEW YORK 12.2%
1,750 Liberty, NY Dev Corp Rev
Goldman Sachs
Headquarters ....................................... 5.250 10/01/35 1,860,968
2,700 Long Island Pwr Auth NY Elec
Sys Rev Gen Ser B .................................. 5.000 12/01/35 2,788,398
3,000 Metropolitan Trans Auth NY
Commuter Fac Rev Ser A
(MBIA Insd) (Prerefunded @
1/01/08) ........................................... 5.625 07/01/27 3,069,000
NEW YORK (CONTINUED)
2,500 Metropolitan Trans Auth NY Rev
Rfdg Ser A (FGIC Insd) ............................. 5.250 11/15/31 2,621,975
13,120 Metropolitan Trans Auth NY
Rev Trans Ser B (b) ................................ 4.500 11/15/36 13,348,485
1,000 Nassau Cnty, NY Tob
Settlement Corp Asset Bkd
Ser A-3 ............................................ 5.000 06/01/35 973,410
2,000 Nassau Cnty, NY Tob
Settlement Corp Asset Bkd
Ser A-3 ............................................ 5.125 06/01/46 1,962,500
445 New York City Ser C (a) ............................... 7.000 08/15/08 446,144
690 New York City Ser H
(Prerefunded @ 3/15/11) ............................ 5.750 03/15/13 743,820
1,700 New York City Ser I ................................... 6.000 04/15/12 1,719,924
1,775 New York City Tob Tr IV
Settlement Pass Thru Ser A ......................... 5.000 06/01/42 1,711,668
16,930 New York City Trans Auth Trans
Fac Livingston Plaza Proj Rfdg
Ser 1993 (FSA Insd) (c) ............................ 5.400 01/01/18 18,469,445
3,810 New York City Trans Future Tax
Second Ser C (AMBAC Insd) .......................... 5.250 08/01/20 4,021,265
2,000 New York City Trans Future Tax
Second Ser C (AMBAC Insd) .......................... 5.250 08/01/22 2,107,660
NEW YORK (CONTINUED)
1,495 New York City Trans Future Tax
Second Ser C (AMBAC Insd)
(Prerefunded @ 8/01/12) ............................ 5.250 08/01/20 1,596,032
4,545 New York City Trans Future Tax
Second Ser D (MBIA Insd) ........................... 5.250 02/01/21 4,803,474
2,500 New York St Dorm Auth Lease
Rev Muni Hlth Fac Impt Pgm
Ser A (FSA Insd) ................................... 5.500 05/15/25 2,553,125
7,485 New York St Dorm Auth Rev
City Univ Sys Ser C ................................ 7.500 07/01/10 7,952,588
3,000 New York St Dorm Auth Rev
Hosp (MBIA Insd) ................................... 5.000 08/01/33 3,088,320
2,000 New York St Dorm Auth Rev
Sch Dist Fin Pgm Ser D (MBIA
Insd) .............................................. 5.500 10/01/17 2,151,420
2,000 New York St Dorm Auth Rev St
Univ Ed Fac 1989 Res (MBIA
Insd) (Prerefunded @ 5/15/10) ...................... 6.000 05/15/16 2,139,040
3,000 New York St Dorm Auth Rev St
Univ Ed Fac (FGIC Insd)
(Prerefunded @ 5/15/10) ............................ 5.750 05/15/24 3,188,850
2,840 New York St Loc Govt
Assistance Corp Rfdg Ser E ......................... 6.000 04/01/14 3,124,142
1,500 New York St Urban Dev Corp
Rev Correctional Fac ............................... 5.500 01/01/13 1,584,465
12,080 Port Auth NY & NJ (b) ................................. 5.000 10/01/35 12,505,940
3,000 Port Auth NY & NJ Spl Oblig
Rev Spl Proj JFK Intl Arpt
Terminal 6 (MBIA Insd)
(AMT) .............................................. 5.750 12/01/22 3,075,540
3,000 Port Auth NY & NJ Spl Oblig
Rev Spl Proj JFK Intl Arpt
Terminal 6 (MBIA Insd)
(AMT) .............................................. 5.750 12/01/25 3,016,350
NEW YORK (CONTINUED)
1,700 Westchester, NY Tob Asset Sec
Corp ............................................... 5.125 06/01/38 1,686,842
------------
108,310,790
------------
NORTH CAROLINA 4.6%
2,000 Charlotte, NC Ctf Partn
Convention Fac Proj Rfdg Ser A ..................... 5.500 08/01/19 2,151,020
4,000 North Carolina Eastern Muni Pwr
Agy Pwr Sys Rev Ser D .............................. 6.750 01/01/26 4,248,640
25,000 North Carolina Muni Pwr Agy No
1 Catawba Elec Rev Rfdg
(MBIA Insd) ........................................ 6.000 01/01/12 27,147,250
7,520 North Carolina Med Care Commn Hlth
Sys Rev Mission Hlth Combined
Group (b) .......................................... 5.000 10/01/36 7,582,153
------------
41,129,063
------------
NORTH DAKOTA 0.2%
630 North Dakota St Hsg Fin Agy
Rev Hsg Fin Pgm Home Mtg
Fin Ser B (MBIA Insd) (AMT) ........................ 5.500 07/01/29 637,043
1,500 Ward Cnty, ND Hlthcare Fac
Rev Trinity Ovligated Group
Rfdg ............................................... 5.125 07/01/29 1,504,185
------------
2,141,228
------------
OHIO 3.0%
1,000 Cleveland, OH Muni Sch Dist
(FSA Insd) ......................................... 5.250 12/01/23 1,064,810
3,000 Columbus, OH City Sch Dist Sch
Fac Constr & Impt (FSA Insd)
(Prerefunded @ 12/01/14) ........................... 5.250 12/01/22 3,257,370
2,000 Cuyahoga Cnty, OH Hosp Fac
Rev Canton Inc Proj ................................ 7.500 01/01/30 2,176,600
1,000 Delaware Cnty, OH Cap Fac
(Prerefunded @ 12/01/10) ........................... 6.000 12/01/25 1,077,190
1,000 Hamilton, OH One Renaissance
Ctr Ser A (AMBAC Insd) ............................. 5.500 11/01/16 1,071,420
OHIO (CONTINUED)
1,000 Lorain Cnty, OH Hosp Rev
Catholic Hlthcare Ser S ............................ 5.375 10/01/30 1,028,960
2,000 Lorain, OH City Sch Dist
Classroom Fac Impt (MBIA
Insd) (Prerefunded @
12/01/12) .......................................... 5.250 12/01/20 2,135,484
13,460 Ohio St Air Quality Dev Auth Rev
(FGIC Insd) (b) .................................... 4.800 09/01/36 13,339,499
1,000 Ohio St Higher Ed Fac Commn
Rev Hosp Univ Hosp Hlth Sys
Inc Ser A .......................................... 5.250 01/15/46 1,016,370
------------
26,167,703
------------
OKLAHOMA 1.4%
1,505 Alva, OK Hosp Auth Hosp Rev
Sales Tax (Radian Insd) ............................ 5.250 06/01/25 1,557,133
1,500 Jenks, OK Aquarium Auth Rev
First Mtg (MBIA Insd)
(Prerefunded @ 7/01/10) ............................ 6.100 07/01/30 1,608,855
1,575 Oklahoma City, OK Arpt Tr Jr
Lien 27th Ser B (FSA Insd)
(AMT) .............................................. 5.750 07/01/16 1,638,000
1,000 Oklahoma City, OK Pub Ppty
Auth Hotel Tax Rev (FGIC
Insd) .............................................. 5.250 10/01/29 1,067,980
6,220 Tulsa Cnty, OK Indl Auth
Hlthcare Rev Saint Francis
Hlth Sys (b) ....................................... 5.000 12/15/36 6,258,999
------------
12,130,967
------------
OREGON 2.2%
5,350 Oregon Hlth Sciences Univ Insd
Ser A (MBIA Insd) .................................. 5.250 07/01/22 5,622,101
OREGON (CONTINUED)
5,060 Oregon St Dept Admin Rfdg Ser
C (MBIA Insd) ...................................... 5.250 11/01/17 5,321,248
3,000 Oregon St Hsg & Cmnty Svcs Mtg
Rev Ser B (AMT) (b) ................................ 4.750 07/01/27 2,910,952
1,340 Oregon St Hsg & Cmnty Svcs Mtg
Rev Ser B (AMT) (b) ................................ 4.800 07/01/32 1,300,226
1,900 Oregon St Hsg & Cmnty Svcs Mtg
Rev Ser B (AMT) (b) ................................ 4.850 07/01/37 1,843,603
1,985 Portland, OR Urban Renewal &
Redev Downtown Wtrfront Ser
A (AMBAC Insd) ..................................... 5.750 06/15/16 2,104,040
------------
19,102,170
------------
PENNSYLVANIA 3.6%
2,750 Allegheny Cnty, PA Hosp Dev
Auth Rev Hlth Sys West PA Ser A .................... 5.000 11/15/28 2,586,732
575 Allegheny Cnty, PA Rfdg Ser
C-53 (FGIC Insd) ................................... 5.500 11/01/14 606,912
230 Allegheny Cnty, PA San Auth
Swr Rev (MBIA Insd) ................................ 5.500 12/01/30 242,300
2,760 Falls Twp, PA Hosp Auth Hosp
Rev DE Vly Med Rfdg
(FHA Gtd) .......................................... 7.000 08/01/22 2,775,373
1,000 Greensburg Salem, PA Sch Dist
Rfdg (FGIC Insd) ................................... 5.375 09/15/15 1,066,070
1,000 Lehigh Cnty, PA Gen Purp Auth
Rev St Lukes Hosp Bethlehem
PA (i) ............................................. 4.611 08/15/42 970,000
60 Penn Hills, PA (FGIC Insd)
(Prerefunded @ 12/01/07) ........................... 5.900 12/01/17 60,422
1,600 Pennsylvania Hsg Fin Agy
Single Family Mtg Rev Ser
94-A (AMT) ......................................... 5.100 10/01/31 1,607,840
9,020 Pennsylvania St Pub Sch Bldg Auth
Lease Rev Sch Dist Philadelphia
Proj Ser B (b) .................................... 4.500 06/01/32 8,750,302
2,600 Philadelphia, PA Auth Indl Dev
Lease Rev Ser B (FSA Insd) ......................... 5.500 10/01/16 2,781,896
1,000 Philadelphia, PA Auth Indl Dev
PA Arpt Sys Proj Ser A (FGIC
Insd) (AMT) ........................................ 5.125 07/01/19 1,029,920
PENNSYLVANIA (CONTINUED)
2,400 Philadelphia, PA Gas Wks Rev
1998 Gen Ordinance Ser 4
(FSA Insd) ......................................... 5.250 08/01/22 2,518,800
2,350 Pittsburgh, PA Ser A (AMBAC
Insd) .............................................. 5.500 09/01/16 2,492,974
2,220 Pittsburgh, PA Ser A (AMBAC
Insd) (Prerefunded @
3/01/12) ........................................... 5.500 09/01/16 2,374,889
1,795 Ridley Park, PA Hosp Auth Rev
Taylor Hosp Ser A (c) .............................. 6.000 12/01/13 1,904,657
------------
31,769,087
------------
SOUTH CAROLINA 6.8%
2,375 Berkeley Cnty, SC Sch Dist Ctf
Partn Berkeley Sch Fac Grp
Inc (MBIA Insd) (c) ................................ 5.250 02/01/16 2,524,672
13,500 Charleston Ed Excellence Fin
Corp SC Rev (b) .................................... 5.250 12/01/25 14,239,530
6,510 Charleston Ed Excellence Fin
Corp SC Rev (AGC Insd) (b) ......................... 5.250 12/01/28 6,882,502
3,490 Charleston Ed Excellence Fin
Corp SC Rev (AGC Insd) (b) ......................... 5.250 12/01/30 3,689,698
5,000 Kershaw Cnty, SC Pub Sch Fndt
Kershaw Cnty Sch Dist Proj
(CIFG Insd) ........................................ 5.000 12/01/25 5,194,300
2,080 Laurens Cnty, SC Sch Dist No
55 Installment Pur Rev ............................. 5.250 12/01/30 2,152,197
2,300 Medical Univ SC Hosp Auth Fac
Rev Mtg Rfdg Ser A (MBIA
Insd) .............................................. 5.250 08/15/25 2,423,602
1,840 Myrtle Beach, SC Hospitality
Fee Rev Ser A (FGIC Insd) (a) ...................... 5.375 06/01/21 1,972,811
1,935 Myrtle Beach, SC Hospitality
Fee Rev Ser A (FGIC Insd) (a) ...................... 5.375 06/01/22 2,074,668
1,100 South Carolina Jobs Econ Dev
Auth Hlthcare Fac Rev Rfdg
First Mtg Lutheran Homes ........................... 5.500 05/01/28 1,100,308
SOUTH CAROLINA (CONTINUED)
4,500 South Carolina Jobs Econ Dev
Auth Indl Rev Elec & Gas Co
Proj Ser A (AMBAC Insd) ............................ 5.200 11/01/27 4,696,380
3,750 South Carolina Jobs Econ Dev
Auth Indl Rev Elec & Gas Co
Proj Ser B (AMBAC Insd)
(AMT) .............................................. 5.450 11/01/32 3,914,138
9,290 South Carolina Trans
Infrastructure Bk Rev Ser A
(AMBAC Insd) ....................................... 5.000 10/01/33 9,574,460
------------
60,439,266
------------
SOUTH DAKOTA 1.0%
2,250 Deadwood, SD Ctf Partn (ACA
Insd) .............................................. 6.375 11/01/20 2,362,972
4,500 South Dakota Hsg Dev Auth
Homeownership Mtg Ser E (b) ........................ 4.625 05/01/36 4,182,323
1,000 South Dakota St Hlth & Ed Fac
Auth Rev Childrens Care Hosp
Rfdg (Prerefunded @
11/01/09) .......................................... 6.125 11/01/29 1,058,250
845 South Dakota St Hlth & Ed Fac
Auth Vocational Ed Pgm Ser A
(AMBAC Insd) ....................................... 5.400 08/01/13 858,148
------------
8,461,693
------------
TENNESSEE 2.1%
4,345 Chattanooga, TN Hlth Ed & Hsg
Fac Brd Rev CDFI Phase I
LLC Proj Rfdg Ser A ................................ 5.125 10/01/35 4,274,698
3,500 Johnson City, TN Hlth & Ed Fac
Brd Hosp Rev First Mtg Mtn St
Hlth Rfdg Ser A (MBIA Insd) ........................ 7.500 07/01/25 4,112,570
6,000 Johnson City, TN Hlth & Ed Fac
Brd Hosp Rev First Mtg Mtn St
Hlth Ser A ......................................... 5.500 07/01/36 6,193,800
410 Montgomery Cnty, TN Pub Impt
Rfdg (FGIC Insd) (a) ............................... 5.500 05/01/16 437,745
TENNESSEE (CONTINUED)
2,000 Sullivan Cnty, TN Hlth Ed & Hsg
Fac Brd Hosp Rev Wellmont
Hlth Sys Proj Ser C ................................ 5.250 09/01/36 2,010,660
1,495 Tennessee Hsg Dev Agy
Homeownership Prog 2006
(AMT) .............................................. 5.150 01/01/37 1,504,568
------------
18,534,041
------------
TEXAS 10.9%
1,370 Alliance Arpt Auth Inc TX Spl
Fac Rev FedEx Corp Proj Rfdg
(AMT) .............................................. 4.850 04/01/21 1,343,751
2,685 Beaumont, TX Wtrwks & Swr
Sys (FGIC Insd) (Prerefunded
@ 9/01/10) (a) ..................................... 6.250 09/01/15 2,874,427
300 Brazos Cnty, TX Hlth Fac Dev
Oblig Grp .......................................... 5.375 01/01/32 307,170
4,000 Dallas-Fort Worth, TX Intl Arpt
Rev Jt Impt & Rfdg Ser A
(FGIC Insd) (AMT) .................................. 5.500 11/01/31 4,164,640
4,000 Dallas-Fort Worth, TX Intl Arpt
Rev Jt Ser A (FGIC Insd)
(AMT) .............................................. 5.750 11/01/30 4,127,600
1,000 Harris Cnty, TX Hlth Fac Dev
Mem Hermann Hlthcare Ser A
(Prerefunded @ 6/01/11) ............................ 6.375 06/01/29 1,096,080
4,820 Harris Cnty, TX Toll Rd (AMBAC
Insd) (Prerefunded @
8/15/09) ........................................... * 08/15/18 2,399,348
1,000 Harris Cnty, TX Toll Rd (AMBAC
Insd) (Prerefunded @
8/15/09) ........................................... * 08/15/21 404,950
4,000 Harris Cnty, TX Toll Rd Sub Lien
Rfdg (Prerefunded @
8/01/08) ........................................... 5.000 08/01/33 4,050,520
7,250 Harris Cnty-Houston, TX Sports
Auth Spl Rev Jr Lien Rfdg Ser
B (MBIA Insd) ...................................... 5.250 11/15/40 7,519,555
TEXAS (CONTINUED)
1,000 Houston, TX Arpt Sys Rev Sub
Lien Ser A (FSA Insd) (AMT) ........................ 5.625 07/01/30 1,034,120
5,105 Houston, TX Hotel Occupancy
Tax & Spl Rev Convention &
Entmt Ser B (AMBAC Insd) ........................... 5.750 09/01/15 5,456,734
225 Houston, TX Pub Impt & Rfdg
(FSA Insd) ......................................... 5.750 03/01/15 237,127
6,000 Houston, TX Util Sys Rev First
Lien Rfdg Ser A (FSA Insd) ......................... 5.250 05/15/21 6,364,740
6,000 Houston, TX Util Sys Rev First
Lien Rfdg Ser A (FGIC Insd) ........................ 5.250 05/15/23 6,364,740
2,750 Lower CO Riv Auth TX
Transmission Proj Corp (FGIC
Insd) .............................................. 5.000 05/15/33 2,794,825
1,500 Mesquite, TX Hlth Fac Dev
Retirement Fac Christian Care
Ctr ................................................ 5.625 02/15/35 1,537,755
1,500 Mesquite, TX Hlth Fac Dev
Retirement Fac Christian Care
Ctr (Prerefunded @ 2/15/10) ........................ 7.500 02/15/18 1,640,220
1,100 Metropolitan Hlth Fac Dev Corp
TX Wilson N Jones Mem Hosp
Proj ............................................... 7.200 01/01/21 1,130,778
1,500 Metropolitan Hlth Fac Dev Corp
TX Wilson N Jones Mem Hosp
Proj ............................................... 7.250 01/01/31 1,542,750
1,500 North Central, TX Hlth Fac Dev
Corp Rev Hosp Baylor
Hlthcare Sys Proj Ser A ............................ 5.125 05/15/29 1,513,755
5,750 North Central, TX Hlth Fac Dev
Corp Rev Hosp Childrens Med
Ctr Dallas (AMBAC Insd) ............................ 5.250 08/15/32 5,986,497
1,000 Tarrant Cnty, TX Cultural Ed Fac
Fin Corp Retirement Fac Buckingham
Sr Living Cmnty Inc (d) ........................... 5.625 11/15/27 1,019,470
1,750 Tarrant Cnty, TX Cultural Ed Fac
Fin Corp Retirement Fac Buckingham
Sr Living Cmnty Inc (d) ............................ 5.750 11/15/37 1,785,927
TEXAS (CONTINUED)
8,000 Tarrant Cnty, TX Cultural Ed Fac
Fin Corp Retirement Fac
Buckner Retirement Svcs Inc
Proj ............................................... 5.250 11/15/37 8,145,840
2,805 Tarrant Cnty, TX Regl Wtr Dist
Wtr Rev Impt Rfdg (FSA
Insd) .............................................. 5.250 03/01/19 2,952,263
253 Texas Muni Pwr Agy Rev
(AMBAC Insd) (c) ................................... * 09/01/07 252,201
3,272 Texas Muni Pwr Agy Rev
(AMBAC Insd) ....................................... * 09/01/07 3,261,660
1,305 Texas St Pub Ppty Fin Corp Rev
Mental Hlth & Retardation
Rfdg (FSA Insd) .................................... 5.500 09/01/13 1,306,566
2,750 Texas St Vets Housing
Assistance Pgm Vet Ser B
(FHA Gtd) (AMT) .................................... 6.100 06/01/31 2,852,273
1,000 Texas Tech Univ Rev Fin Sys
Ser 7 (MBIA Insd)
(Prerefunded @ 2/15/12) ............................ 5.000 08/15/25 1,046,820
1,500 Texas Wtr Dev Brd Rev St
Revolving Fd Sr Lien Ser B ......................... 5.250 07/15/17 1,545,885
3,000 University of TX Univ Rev Fin
Sys Ser A (Prerefunded @
8/15/13) ........................................... 5.250 08/15/20 3,218,490
2,500 University of TX Univ Rev Fin
Sys Ser B (Prerefunded @
8/15/13) ........................................... 5.250 08/15/20 2,682,075
2,300 University of TX Univ Rev Fin
Sys Ser C (Prerefunded @
8/15/11) ........................................... 5.375 08/15/19 2,431,767
------------
96,393,319
------------
UTAH 0.1%
1,000 Salt Lake Cnty, UT College Rev
Westminster College Proj
(Prerefunded @ 10/01/07) ........................... 5.750 10/01/27 1,013,040
UTAH (CONTINUED)
15 Utah St Hsg Fin Agy Single
Family Mtg, Class II Ser B-2
(FHA Gtd) (AMT) .................................... 6.250 07/01/14 15,274
------------
1,028,314
------------
VIRGINIA 2.3%
1,320 Fairfax Cnty, VA Ctf Partn ............................ 5.300 04/15/23 1,390,210
800 Tobacco Settlement Fin Corp VA ........................ 5.500 06/01/26 867,096
5,920 Tobacco Settlement Fin Corp VA
(Prerefunded @ 6/01/15) ............................ 5.625 06/01/37 6,543,080
3,160 Virginia St Hsg Auth Dev Auth
Rental Hsg Ser D (AMT) (b) ......................... 4.500 07/01/29 2,977,052
3,660 Virginia St Hsg Auth Dev Auth
Rental Hsg Ser D (AMT) (b) ......................... 4.600 07/01/33 3,462,232
5,480 Virginia St Hsg Auth Dev Comwlth
Mtg Ser B (AMT) (b) ................................ 4.850 01/01/36 5,309,764
------------
20,549,434
------------
WASHINGTON 4.6%
2,500 Energy Northwest WA Elec Rev
Proj No 3 Rfdg Ser A (FSA
Insd) .............................................. 5.500 07/01/18 2,656,500
5,360 Energy Northwest WA Elec Rev
Proj No 3 Rfdg Ser B (FSA
Insd) .............................................. 6.000 07/01/16 5,855,210
2,500 Goat Hill Ppty WA Lease Rev
Govt Office Bldg Proj (MBIA
Insd) .............................................. 5.000 12/01/33 2,565,400
4,400 King Cnty, WA Rfdg Ser B
(MBIA Insd) ........................................ 5.250 01/01/34 4,464,020
7,720 Klickitat Cnty, WA Pub Util Dist
No 001 Elec Rev Rfdg Ser B
(FGIC Insd) (a) .................................... 5.000 12/01/25 8,086,005
1,000 Port Seattle, WA Rev Ser B
(MBIA Insd) (AMT) .................................. 5.625 02/01/24 1,037,920
1,435 Radford Ct Ppty WA Student
Hsg Rev (MBIA Insd) (a) ............................ 6.000 06/01/15 1,529,696
WASHINGTON (CONTINUED)
1,585 Radford Ct Ppty WA Student
Hsg Rev (MBIA Insd) (a) ............................ 6.000 06/01/16 1,690,038
1,000 Seattle, WA Muni Lt & Pwr Rev ......................... 5.625 12/01/18 1,048,750
1,250 Skagit Cnty, WA Pub Hosp Dist
No 001 Skagit Vly Hosp ............................. 5.500 12/01/30 1,282,225
2,100 Spokane, WA Pub Fac Dist
Hotel (MBIA Insd) .................................. 5.750 12/01/21 2,280,453
3,000 Spokane, WA Pub Fac Dist
Hotel Motel & Sales Use Tax
(MBIA Insd) ........................................ 5.250 09/01/33 3,136,890
1,000 Spokane, WA Pub Fac Dist
Hotel Motel & Sales Use Tax
(MBIA Insd) ........................................ 5.750 12/01/20 1,090,280
1,350 Tacoma, WA Elec Sys Rev Rfdg
Ser A (FSA Insd) ................................... 5.750 01/01/15 1,441,395
1,650 Tacoma, WA Elec Sys Rev Rfdg
Ser B (FSA Insd) ................................... 5.500 01/01/12 1,759,214
1,000 Washington St Hsg Fin Commn
Single Family Prog Ser 2A
(GNMA Collateralized) (AMT) ........................ 4.700 12/01/38 939,620
------------
40,863,616
------------
WEST VIRGINIA 0.4%
3,750 West Virginia Univ Rev Impt
Univ Proj Ser C (FGIC Insd) ........................ 5.000 10/01/34 3,878,625
------------
WISCONSIN 2.0%
2,345 Appleton, WI Wtrwks Rev Rfdg
(FGIC Insd) (Prerefunded @
1/01/12) ........................................... 5.375 01/01/19 2,491,351
510 Badger Tob Asset Sec Corp WI .......................... 6.375 06/01/32 538,285
2,000 Southeast WI Professional
Baseball Pk Dist Sales Tax
Rev Rfdg Ser A (MBIA Insd) ......................... 5.500 12/15/20 2,254,000
7,520 Wisconson Hsg & Econ Dev Auth
Home Ownership Rev Ser A (b) ....................... 4.750 09/01/33 7,199,911
WISCONSIN (CONTINUED)
5,940 Wisconsin Hsg & Econ Dev
Auth Home Ownership Rev Ser A (b) .................. 4.800 03/01/38 5,691,025
------------
18,174,572
------------
WYOMING 0.2%
2,000 Sweetwater Cnty, WY Solid
Waste Disp Rev FMC Corp
Proj Rfdg (AMT) .................................... 5.600 12/01/35 2,080,120
------------
GUAM 0.7%
5,800 Guam Pwr Auth Rev Ser A
(AMBAC Insd) ....................................... 5.250 10/01/34 5,986,180
------------
PUERTO RICO 2.1%
2,980 Childrens Tr Fd PR Tob
Settlement Rev ..................................... 5.500 05/15/39 3,005,270
2,855 Childrens Tr Fd PR Tob
Settlement Rev ..................................... 5.625 05/15/43 2,882,123
1,110 Puerto Rico Comwlth Aqueduct
& Swr Auth Rev Rfdg (Comwth
Gtd) ............................................... 5.000 07/01/15 1,117,315
2,000 Puerto Rico Comwlth Hwy &
Tran Auth Hwy Rev Rfdg Ser W ....................... 5.500 07/01/15 2,157,300
4,000 Puerto Rico Comwlth Hwy &
Tran Auth Hwy Rev Rfdg Ser Y
(FSA Insd) ......................................... 6.250 07/01/21 4,845,560
1,000 Puerto Rico Indl Tourist Ed Med
& Environmental Ctl Fac Fin
Auth Higher Ed Rev ................................. 5.375 02/01/19 1,020,010
3,500 Puerto Rico Pub Bldg Auth Rev
Govt Fac Ser I (Comwth Gtd) ........................ 5.250 07/01/33 3,653,335
------------
18,680,913
------------
U.S. VIRGIN ISLANDS 0.5%
1,000 Virgin Islands Pub Fin Auth
Refinery Fac Rev Sr Sec
Hovensa Refinery (AMT) ............................. 4.700 07/01/22 968,580
U.S. VIRGIN ISLANDS (CONTINUED)
1,000 Virgin Islands Pub Fin Auth Rev
Gross Rcpt Taxes Ln Nt Ser A
(ACA Insd) (Prerefunded @
10/01/10) .......................................... 6.125 10/01/29 1,078,660
1,500 Virgin Islands Pub Fin Auth Rev
Gross Rcpt Taxes Ln Nt Ser A ....................... 6.375 10/01/19 1,612,305
1,000 Virgin Islands Pub Fin Auth Rev
Gross Rcpt Taxes Ln Nt Ser A
(Prerefunded @ 10/01/10) (g) ....................... 6.500 10/01/24 1,089,750
--------------
4,749,295
--------------
TOTAL LONG-TERM INVESTMENTS 196.9%
(Cost 1,697,538,410) .................................................................... 1,746,298,035
SHORT TERM INVESTMENTS 0.1%
(Cost 500,000) .......................................................................... 500,000
--------------
TOTAL INVESTMENTS 197.0%
(Cost 1,698,038,410) .................................................................... 1,746,798,035
LIABILITY FOR FLOATING RATE NOTE OBLIGATIONS RELATED TO SECURITIES HELD (37.4%)
(Cost (331,860,000))
(331,860) Notes with interest rates ranging from 3.62% to 3.75% at
July 31, 2007 and contractual maturities of collateral
ranging From 2023 to 2047 (j) ................................................. (331,860,000)
--------------
TOTAL NET INVESTMENTS 159.6%
(Cost 1,366,178,410) .................................................................... 1,414,938,035
OTHER ASSETS IN EXCESS OF LIABILITIES 1.0% ................................................. 8,672,023
PREFERRED SHARES (INCLUDING ACCRUED DISTRIBUTIONS) (60.6%) ................................. (536,858,895)
--------------
NET ASSETS APPLICABLE TO COMMON SHARES 100.0% .............................................. $ 886,751,163
==============
Percentages are calculated as a percentage of net assets applicable to common
shares.
* Zero coupon bond
(a) The Trust owns 100% of the outstanding bond issuance.
(b) Underlying security related to Inverse Floaters entered into by the Trust.
(c) Escrowed to Maturity
(d) Security purchased on a when-issued or delayed delivery basis.
(e) 144A-Private Placement security which is exempt from registration under Rule 144A of the Securities
Act of 1933, as amended. This security may only be resold in transactions exempt from registration
which are normally those transactions with qualified institutional buyers.
(f) Security is restricted and may be resold only in transactions exempt from registration which are
normally those transactions with qualified institutional buyers. Restricted securities comprise 0.5%
of net assets applicable to common shares.
(g) All or a portion of this security has been physically segregated in connection with open futures
contracts.
(h) Variable Rate Coupon
(i) Floating Rate Coupon
(j) Floating Rate notes. The interest rates shown reflect the rates in effect at July 31, 2007.
ACA - American Capital Access
AGC - AGC Insured Custody Certificates
AMBAC - AMBAC Indemnity Corp.
AMT - Alternative Minimum Tax
CIFG - CDC IXIS Financial Guaranty
Comwth - Commonwealth of Puerto Rico
FGIC - Financial Guaranty Insurance Co.
FHA - Federal Housing Administration
FHA/VA - Federal Housing Administration/Department of Veterans Affairs
FSA - Financial Security Assurance Inc.
GNMA - Government National Mortgage Association
MBIA - Municipal Bond Investors Assurance Corp.
Radian - Radian Asset Assurance
XLCA - XL Capital Assurance Inc.
FUTURES CONTRACTS OUTSTANDING AS OF JULY 31, 2007:
UNREALIZED
APPRECIATION/
CONTRACTS DEPRECIATION
SHORT CONTRACTS:
U.S. Treasury Bond Futures, September 2007 (Current
Notional Value of 110,063 per contract) ................... 2,203 (2,168,579)
--------- ------------
Item 2. Controls and Procedures.
(a) The Trust's principal executive officer and principal financial officer have
concluded that the Trust's disclosure controls and procedures are sufficient to
ensure that information required to be disclosed by the Trust in this Form N-Q
was recorded, processed, summarized and reported within the time periods
specified in the Securities and Exchange Commission's rules and forms, based
upon such officers' evaluation of these controls and procedures as of a date
within 90 days of the filing date of the report.
(b) There were no changes in the Trust's internal control over financial
reporting that occurred during the registrant's fiscal quarter that has
materially affected, or is reasonably likely to materially affect, the Trust's
internal control over financial reporting.
Item 3. Exhibits.
(a) A certification for the Principal Executive Officer of the registrant is
attached hereto as part of EX-99.cert.
(b) A certification for the Principal Financial Officer of the registrant is
attached hereto as part of EX-99.cert.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Van Kampen Trust For Investment Grade Municipals
By: /s/ Ronald E. Robison
---------------------
Name: Ronald E. Robison
Title: Principal Executive Officer
Date: September 20, 2007
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed by the following
persons on behalf of the registrant and in the capacities and on the dates
indicated.
By: /s/ Ronald E. Robison
---------------------
Name: Ronald E. Robison
Title: Principal Executive Officer
Date: September 20, 2007
By: /s/ Stuart N. Schuldt
---------------------
Name: Stuart N. Schuldt
Title: Principal Financial Officer
Date: September 20, 2007