Key Characteristics as of 12/31/11
| Top Ten Holdings1 | |||
|---|---|---|---|
| Coupon | Maturity Date | ||
| Regl. Transn. Dist. CO Private Activity Rev. | 6.000 | 1/15/2041 | 1.80% |
| Kentucky Economic Dev. Fin. Auth. Hosp. Facs. Rev. | 6.375 | 3/1/2040 | 1.54% |
| New Jersey Economic Dev. Auth. Rev. | 5.750 | 6/15/2034 | 1.53% |
| Wyandotte Cnty/Kansas City KS Unified Govt. Poll. Ctl. Rev. | 6.000 | 6/1/2025 | 1.48% |
| Village Cmnty. Dev. Dist. No. 8 FLA Spl. Assessment Rev. | 6.125 | 5/1/2039 | 1.43% |
| California St. Pub. Wrks. Brd. Lease Rev. | 6.625 | 11/1/2034 | 1.33% |
| Tex. Private Activity Bd. Surface Transn. Corp. | 7.500 | 6/30/2033 | 1.32% |
| District of Columbia Rev. | 6.875 | 7/1/2040 | 1.31% |
| Tex. Private Activity Bd. Surface Transn. Corp. | 7.000 | 6/30/2040 | 1.27% |
| New Jersey St. Trans. Trust Fund Auth. Rev. | 5.250 | 6/15/2030 | 1.26% |
| Total | 14.27% | ||
| View Full Quarterly Holdings |  | ||
| Characteristics | |
|---|---|
| Number of Positions | 101 |
| Average Maturity (Years) | 21.55 |
| Average Duration (Years)2 | 5.94 |
| Top Ten State Allocations3 | |
|---|---|
| California | 13.2% |
| Texas | 9.3% |
| Puerto Rico | 6.9% |
| Illinois | 6.6% |
| New Jersey | 6.5% |
| Florida | 4.7% |
| Pennsylvania | 4.1% |
| New York | 3.7% |
| Massachusetts | 3.4% |
| South Carolina | 2.9% |
| Sector Allocations4 | |
|---|---|
| Municipal Bonds | 95.1% |
| Short-Term/Other Assets and Liabilities | 5.0% |
| Sector Allocations5 | |
|---|---|
| Transportation | 21.8% |
| Industrial Revenue/Power | 18.7% |
| Hospital/Nursing Home/Health Care | 17.7% |
| General Obligation Bonds | 13.2% |
| Education | 10.6% |
| Special Tax | 7.7% |
| Housing | 2.9% |
| Water and Sewer | 1.8% |
| Resource Recovery | 0.6% |
| Short-Term/Other Assets and Liabilities | 4.9% |
1 Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell individual securities.
2 Average Duration is a measure of bond price's sensitivity to a given change in interest rates. Generally, the longer a bond's duration, the greater the price sensitivity to a change in interest rates.
3 State Allocations are subject to change.
4 Asset Allocations are subject to change.5 Sector Allocations are subject to change.