Key Characteristics as of 12/31/11
| Top Ten Holdings1 |
| |
Coupon |
Maturity Date |
|
| Illinois St. G.O. |
5.000 |
1/1/2019 |
0.92% |
| Wayne Cnty. MI Arpt. Auth. Rev. |
5.000 |
12/1/2020 |
0.71% |
| Hawaii St. G.O. |
5.000 |
12/1/2031 |
0.69% |
| Metropolitan Transn. Auth. NY Rev. |
5.000 |
11/15/2024 |
0.68% |
| Orlando & Orange Cnty. FLA Expressway Auth. Rev. Ser. C |
5.000 |
7/1/2026 |
0.67% |
| Prince Georges Cnty. MD G.O. |
5.000 |
9/15/2029 |
0.64% |
| Puerto Rico Comwlth. Govt. Dev. Bk. |
5.000 |
12/1/2014 |
0.63% |
| North Tex. Twy. Auth. Dallas North Twy. Sys. Rev. Ser. C |
6.000 |
1/1/2025 |
0.62% |
| Charleston Cnty. SC G.O. |
5.000 |
11/1/2022 |
0.62% |
| California St. Dept. Veterans Affairs Home Pur. Rev. |
5.000 |
12/1/2032 |
0.61% |
| Total |
|
|
6.79% |
| View Full Quarterly Holdings
|  |
| Characteristics |
| Number of Positions |
213 |
| Average Maturity (Years) |
15.55 |
| Average Duration (Years) |
5.58 |
| Beta5 |
1.06 |
| R-Squared5 |
0.97 |
| Top Ten State Allocations2 |
| Texas |
8.1% |
| Puerto Rico |
8.0% |
| California |
7.4% |
| New York |
5.9% |
| Massachusetts |
4.5% |
| New Jersey |
4.1% |
| Minnesota |
4.0% |
| Florida |
3.8% |
| Georgia |
3.3% |
| Illinois |
2.9% |
| Sector Allocations3 |
| Municipal Bonds |
92.1% |
| Short-Term/Other Assets and Liabilities |
7.9% |
| Sector Allocations4 |
| Revenue Bonds |
67.9% |
| Local General Obligation Bonds |
13.8% |
| State General Obligation Bonds |
10.4% |
| Short-term/Other Assets and Liabilities |
7.9% |
1 Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell individual securities.
2 State Allocations are subject to change.
3 Asset Allocations are subject to change.
4 Sector Allocations are subject to change.
5 Risk characteristics are relative to the Barclays Capital Municipal Bond Index as of 12/31/11, and for the three-year period.
