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
(Exact name of registrant as specified in charter)
522 Fifth Avenue, New York, New York 10036
(Address of principal executive offices) (Zip code)
Jerry W. Miller
522 Fifth Avenue, New York, New York 10036
(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: 7/31/08
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, 2008 (UNAUDITED)
PAR
AMOUNT
(000) DESCRIPTION COUPON MATURITY VALUE
-------- ------------------------------------ ------ -------- --------------
MUNICIPAL BONDS 199.1%
ALABAMA 2.2%
$ 3,660 Alabama St Brd Ed Rev & Impt
Southn Univ St Cmnty Rfdg
(MBIA Insd) (a) 5.250% 07/01/20 $ 3,804,936
3,225 Bessemer, AL Governmental Util
Svc Corp Wtr Supply Rev Rfdg,
Ser A (AGL Insd) (b) 5.000 06/01/39 3,251,164
750 Birmingham Baptist Med Ctr AL
Baptist Hlth Sys, Ser A 5.875 11/15/24 746,040
7,600 Birmingham Baptist Med Ctr AL
Spl Care Fac Fin Auth Rev
Baptist Hlth Sys Inc, Ser A 5.000 11/15/30 6,554,772
2,525 Huntsville-Redstone Vlg, AL Spl
Care Fac Fin Auth Redstone Vlg
Proj 5.500 01/01/43 2,011,390
--------------
16,368,302
--------------
ALASKA 1.4%
1,500 Alaska St Hsg Fin Corp Gen Hsg,
Ser A (FGIC Insd) 5.000 12/01/30 1,476,105
3,650 Alaska St Intl Arpt Rev, Ser B
(AMBAC Insd) (Prerefunded @
10/01/12) 5.250 10/01/27 3,967,039
1,575 Matanuska-Susitna Boro, AK Ctf
Partn Pub Safety Bldg Lease
(FSA Insd) 5.750 03/01/16 1,641,670
5,300 Northern Tob Sec Corp Rev Asset Bkd,
Ser A 5.000 06/01/46 3,755,633
--------------
10,840,447
--------------
ARIZONA 3.4%
$ 1,000 Arizona Hlth Fac Auth Hosp Sys
Rev John C Lincoln Hlth
Network (Prerefunded @
12/01/12) 6.375% 12/01/37 $ 1,138,140
6,075 Glendale, AZ Indl Dev Auth John
C Lincoln Hlth Rfdg, Ser B 5.000 12/01/37 5,152,450
3,050 Glendale, AZ Indl Dev Auth Rfdg 5.000 12/01/35 2,606,164
3,000 Goodyear, AZ McDowell Rd Coml
Corridor Impt Dist Impt (AMBAC
Insd) 5.250 01/01/32 2,999,850
3,500 Maricopa Cnty, AZ Hosp Rev Sun
Hlth Corp 5.000 04/01/35 3,032,785
3,400 Pima Cnty, AZ Indl Dev Auth Wtr
& Wastewtr Rev Global Wtr
Resh LLC Proj (AMT) 6.550 12/01/37 3,030,624
8,500 University of AZ Med Ctr Corp 5.000 07/01/35 7,432,740
--------------
25,392,753
--------------
CALIFORNIA 20.5%
900 Aliso Viejo, CA Cmnty Fac Dist
Spl Tax No 2005-01 Glenwood
at Aliso 6.000 09/01/38 883,350
1,300 Anaheim, CA Pub Fin Auth Lease
Rev Pub Impt Proj, Ser C (FSA
Insd) 6.000 09/01/16 1,480,908
6,000 Anaheim, CA Redev Agy Tax
Allocation Rfdg Merged Redev
Proj Area, Ser A (FSA Insd) (b) 5.000 02/01/31 6,045,150
6,000 Bay Area Toll Auth CA Toll Brdg
Rev San Francisco Bay Area,
Ser A-1 (AMBAC Insd) (c)(d) 6.500 04/01/45 6,000,000
1,000 California Cnty, CA Tob Agy Tob
Sec Sonoma Cnty Corp Rfdg 5.250 06/01/45 757,220
CALIFORNIA (CONTINUED)
$ 3,000 California Hsg Fin Agy Rev
Home Mtg, Ser G (AMT) (b) 4.950% 08/01/23 $ 2,816,912
2,000 California Hsg Fin Agy Rev
Home Mtg, Ser G (AMT) (b) 5.050 08/01/29 1,877,941
7,300 California Hsg Fin Agy Rev
Home Mtg, Ser I (AMT) (b) 4.800 08/01/36 6,758,950
4,800 California Hsg Fin Agy Rev Home
Mtg, Ser K (AMT) (b) 5.300 08/01/23 4,643,232
5,500 California Hsg Fin Agy Rev Home
Mtg, Ser K (AMT) (b) 5.450 08/01/28 5,320,370
1,500 California Pollutn Ctl Fin Auth
Solid Waste Disp Rev Waste
Mgmt Inc Proj, Ser B (AMT) 5.000 07/01/27 1,221,795
695 California St (AMBAC Insd) 5.125 10/01/27 695,264
1,000 California St Dept Wtr Res Wtr
Ctl Wtr Sys, Ser X (FGIC Insd)
(Prerefunded @ 12/01/12) 5.000 12/01/29 1,008,480
1,175 California St Dept Wtr Res Wtr
Cent Vy Proj, Ser AE (b) 5.000 12/01/24 1,216,942
1,500 California St Dept Wtr Res Wtr
Cent Vy Proj, Ser AE (b) 5.000 12/01/25 1,553,543
1,500 California St Dept Wtr Res Wtr
Cent Vy Proj, Ser AE (b) 5.000 12/01/26 1,553,543
875 California St Dept Wtr Res Wtr
Cent Vy Proj, Ser AE (b) 5.000 12/01/27 906,233
1,500 California St Dept Wtr Res Wtr
Cent Vy Proj, Ser AE (b) 5.000 12/01/28 1,553,543
CALIFORNIA (CONTINUED)
$ 5,000 California St Univ Rev & Co
Systemwide, Ser A (AMBAC
Insd) 5.000% 11/01/33 $ 4,922,100
9,150 California St Veterans, Ser CD
(AMT) (b) 4.600 12/01/32 8,360,712
9,015 California Statewide Cmnty Dev
Auth Rev Daughters of Charity
Hlth, Ser A 5.250 07/01/30 8,351,225
1,500 California Statewide Cmnty Dev
Auth Rev Front Porch Cmnty &
Svc, Ser A (e) 5.125 04/01/37 1,292,115
2,700 California Statewide Cmnty Dev
Auth Rev Hlth Fac Adventist
Hlth, Ser A 5.000 03/01/30 2,566,512
3,750 California Statewide Cmnty Dev
Auth Rev Hlth Fac Adventist
Hlth, Ser A 5.000 03/01/35 3,482,100
6,230 California Statewide Cmnty Dev
Auth Rev Kaiser Permanente,
Ser A (b) 5.000 04/01/31 5,858,970
3,360 California Statewide Cmnty Dev
Auth Rev Sutter Hlth, Ser A 5.000 11/15/43 3,165,422
600 Daly City, CA Hsg Dev Fin Agy
Mobile Home Pk Rev Third Tier
Franciscan Rfdg, Ser C 6.500 12/15/47 526,026
1,750 Florin, CA Res Consv Dist Cap
Impt Elk Grove Wtr Svc, Ser A
(MBIA Insd) 5.000 09/01/33 1,679,877
3,000 Florin, CA Res Consv Dist Cap
Impt Elk Grove Wtr Svc, Ser B
(MBIA Insd) 5.000 03/01/33 2,880,960
CALIFORNIA (CONTINUED)
$ 2,000 Foothill/Eastern Corridor Agy CA
Toll Rd Rev Cap Apprec Rfdg
(MBIA Insd) * 01/15/17 $ 1,217,700
10,750 Foothill/Eastern Corridor Agy CA
Toll Rd Rev Sr Lien, Ser A (f) * 01/01/23 5,364,573
3,000 Fremont, CA Uni Sch Dist, Ser A
(FGIC Insd) 5.000% 08/01/25 3,053,070
8,000 Golden St Tob Sec Corp CA Tob
Settlement Rev Asset Bkd Sr,
Ser A-1 5.750 06/01/47 6,570,400
5,000 Golden St Tob Sec Corp CA Tob
Settlement Rev Enhanced, Ser A 5.000 06/01/45 4,442,100
3,840 Golden St Tob Sec Corp CA Tob
Settlement Rev, Ser A (b) 5.750 06/01/47 3,153,830
1,000 Hesperia, CA Pub Fin Auth Rev
Redev & Hsg Proj, Ser A (XLCA
Insd) 5.000 09/01/37 883,080
4,000 Los Angeles, CA Dept Wtr & Pwr,
Ser A (FGIC Insd) 5.125 07/01/40 4,000,520
2,000 Los Angeles, CA Wtr & Pwr Rev
Pwr Sys, Ser B (FSA Insd) 5.000 07/01/28 2,022,480
1,500 Metropolitan Wtr Dist Southn CA
Wtrwks Rev Auth, Ser B1
(FGIC Insd) 5.000 10/01/33 1,506,000
700 Morongo Band of Mission Indians
CA Enterprise Rev Indians
Enterprise Casino, Ser B (e) 5.500 03/01/18 682,829
3,500 Palm Springs, CA Fin Auth Lease
Rev Convention Ctr Proj, Ser A
(MBIA Insd) 5.500 11/01/35 3,588,270
CALIFORNIA (CONTINUED)
$ 3,400 Quechan Indian Tribe Ft Yuma
Indian Reservation CA & Govt
Proj 7.000% 12/01/27 $ 3,250,094
2,400 Rancho Mirage, CA Jt Pwr Fin
Auth Rev Eisenhower Med Ctr,
Ser A 5.000 07/01/47 2,180,064
1,000 Santa Clara Cnty, CA Brd Ed Ctf
tn Rfdg (MBIA Insd) 5.000 04/01/25 1,010,710
1,690 Southern CA Pub Pwr Auth Nat
Gas Proj No 1, Ser A 5.250 11/01/21 1,671,123
3,000 Temecula, CA Redev Agy Tax
Temecula Redev Proj No 1
(MBIA Insd) 5.250 08/01/36 3,006,360
4,700 Tobacco Sec Auth Northn CA Tob
Settlement Rev, Ser A-1 5.375 06/01/38 3,695,281
3,550 Tobacco Sec Auth Northn CA Tob
Settlement Rev, Ser A-1 5.500 06/01/45 2,803,293
3,800 Tobacco Sec Auth Southn CA
Tob Settlement, Ser A-1 5.000 06/01/37 2,822,336
9,650 Tobacco Sec Auth Southn CA
Tob Settlement, Ser A-1 5.125 06/01/46 7,136,754
1,600 Turlock, CA Hlth Fac Rev
Emanuel Med Ctr Inc 5.375 10/15/34 1,426,144
--------------
154,866,406
--------------
COLORADO 4.9%
2,000 Aurora, CO Ctf tn (AMBAC
Insd) (Prerefunded @
12/01/10) 5.500 12/01/30 2,143,000
3,405 Colorado Ed & Cultural Fac Auth
Rev Impt Charter Sch Rfdg
(XLCA Insd) 5.250 12/01/23 3,401,186
COLORADO (CONTINUED)
$ 800 Colorado Hlth Fac Auth Hlth &
Residential Care Fac Volunteers
of Amer Care, Ser A 5.250% 07/01/27 $ 687,704
600 Colorado Hlth Fac Auth Hlth &
Residential Care Fac Volunteers
of Amer Care, Ser A 5.300 07/01/37 487,716
5,500 Colorado Hlth Fac Auth Rev
Adventist Hlth/Sunbelt Rfdg, Ser
D (b) 5.250 11/15/27 5,343,745
7,300 Colorado Hlth Fac Auth Rev
Catholic Hlth (FSA Insd) (b) 5.000 09/01/36 7,223,679
2,000 Colorado Hlth Fac Auth Rev
Catholic Hlth Initiatives, Ser
A (f) 5.500 03/01/32 2,105,300
3,000 Colorado Hlth Fac Auth Rev
Covenant Retirement Cmnty
Inc 5.000 12/01/35 2,460,780
3,350 Colorado Hlth Fac Auth Rev Hosp
North CO Med Ctr (MBIA
Insd) (c)(d) 7.850 05/15/20 3,350,000
1,125 Colorado Hlth Fac Auth Rev Hosp
Portercare Adventist Hlth
(Prerefunded @ 11/15/11) 6.500 11/15/31 1,264,556
1,400 Colorado Hlth Fac Auth Rev
Poudre Vly CO Hlth Fac Auth
Hosp, Ser A (FSA Insd) 5.200 03/01/31 1,414,966
6 Colorado Hsg Fin Auth Single
Family Pgm Sr, Ser B1 (AMT) 7.650 11/01/26 6,116
1,805 Lakewood, CO Ctf t (AMBAC
Insd) (Prerefunded @
12/01/10) (a) 5.300 12/01/16 1,927,614
1,000 Montezuma Cnty, CO Hosp Dist
Hlth Fac Enterprise Hosp Rfdg 5.900 10/01/37 865,520
COLORADO (CONTINUED)
$ 1,200 North Range, CO Met Dist No 2
Ltd Tax 5.500% 12/15/37 $ 983,832
2,050 Salida, CO Hosp Dist Rev 5.250 10/01/36 1,635,306
1,500 University of CO Hosp Auth Rev,
Ser A 5.250 11/15/39 1,357,455
--------------
36,658,475
--------------
CONNECTICUT 1.8%
1,175 Connecticut St Dev Auth Solid
Waste Disp Fac Rev Pwr LLC
Proj, Ser A (AMT) 5.750 11/01/37 1,116,779
7,500 Connecticut St Hsg Fin Auth Hsg
Mtg Fin Pg Sub, Ser B-2
(AMT) 5.100 05/15/38 6,545,250
3,580 Connecticut St Spl Oblig Pkg Rev
Bradley Intl Arpt, Ser A (ACA
Insd) (AMT) 6.600 07/01/24 3,366,882
1,000 Hartford, CT Pkg Sys Rev, Ser A
(Prerefunded @ 7/01/10) 6.500 07/01/25 1,078,380
1,925 Mashantucket Western Pequot
Tribe CT 2006 Sub Spl Rev Bd,
Ser A (e) 5.500 09/01/36 1,622,602
--------------
13,729,893
--------------
DISTRICT OF COLUMBIA 2.4%
1,725 District Columbia Rev Univ
George Washington Univ, Ser B
(MBIA Insd) (c)(d) 6.970 09/15/29 1,725,000
1,150 District Columbia Wtr & Swr Auth
Pub Util Rev Rfdg Sub Lien, Ser
A (AGL Insd) (b) 5.000 10/01/29 1,148,328
2,350 District Columbia Wtr & Swr Auth
Pub Util Rev Rfdg Sub Lien, Ser
A (AGL Insd) (b) 5.000 10/01/34 2,346,583
DISTRICT OF COLUMBIA (CONTINUED)
$ 6,000 District Columbia Wtr & Swr Auth
Pub Util Rev Sub Lien, Ser A (FSA
Insd) (b) 5.500% 10/01/41 $ 6,235,920
2,775 District of Columbia Hosp Rev
Medlantic Hlthcare Rfdg, Ser A
(MBIA Insd) (f) 5.250 08/15/12 2,781,022
2,000 District of Columbia Rev
Friendship Pub Charter Sch Inc
(ACA Insd) 5.750 06/01/18 1,996,100
5 District of Columbia, Ser E (FSA
Insd) (a) 6.000 06/01/13 5,015
2,000 Metropolitan Washington DC Arpt
Auth Sys, Ser A (FGIC Insd)
(AMT) 5.250 10/01/32 1,890,040
--------------
18,128,008
--------------
FLORIDA 42.8%
1,000 Alachua Cnty, FL Indl Dev Rev
North FL Retirement Vlg 5.250 11/15/17 931,570
1,000 Alachua Cnty, FL Indl Dev Rev
North FL Retirement Vlg 5.875 11/15/36 870,910
500 Alachua Cnty, FL Indl Dev Rev
North FL Retirement Vlg 5.875 11/15/42 430,605
375 Beacon Lakes, FL Cmnty Dev FL
Spl Assmt, Ser A 6.000 05/01/38 313,492
250 Beacon Lakes, FL Cmnty Dev FL
Spl Assmt Sub, Ser B 6.200 05/01/38 209,070
12,960 Brevard Cnty, FL Hlth Fac Auth
Hlthcare Fac Rev First Inc
Proj (b) 5.000 04/01/34 11,792,434
5,000 Brevard Cnty, FL Hlth Fac Auth
Hlthcare Fac Rev Hlth First Inc
Proj 5.000 04/01/34 4,549,450
FLORIDA (CONTINUED)
$ 1,800 Brevard Cnty, FL Hlth Fac Auth
Residential Care Fac Rev Buena
Vida Estates Inc 6.750% 01/01/37 $ 1,726,506
1,000 Broward Cnty, FL Hsg Fin Auth
Multi-Family Hsg Rev Pembroke
Pk Apts Proj (AMT) 5.650 10/01/28 927,340
1,000 Broward Cnty, FL Sch Brd Ctf
tn, Ser A (FSA Insd) 5.000 07/01/22 1,020,140
1,500 Capital Tr Agy FL Rev Ft
Lauderdale Proj (AMT) 5.750 01/01/32 1,284,300
995 Cross Creek Cmnty Dev Dist FL
Spl Assmt Rev Cross Creek
Comm Dev, Ser B 5.500 05/01/17 718,410
3,180 Dade Cnty, FL Spl Oblig Cap
Apprec, Ser B (AMBAC Insd)
(Prerefunded @ 10/01/08) * 10/01/26 1,051,308
675 Escambia Cnty, FL Hlth Fac Auth
Rev (AMBAC Insd) 5.950 07/01/20 714,035
1,000 Escambia Cnty, FL Util Auth Util
Sys Rev (FGIC Insd)
(Prerefunded @ 1/01/09) 5.250 01/01/29 1,025,080
1,250 Florida Agric & Mechanical Univ
Rev Student Apt Fac (MBIA
Insd) 6.500 07/01/23 1,254,150
265 Florida Hsg Fin Agy
Homeownership Mtg, Class B,
Ser B (AMT) 8.595 11/01/18 282,970
2,750 Florida Hsg Fin Agy Hsg Willow
Lake Apts, Ser J-1 (AMBAC
Insd) (AMT) 5.350 07/01/27 2,599,795
440 Florida Hsg Fin Corp Rev
Homeowner Mtg, Ser 4 (FSA
Insd) (AMT) 6.250 07/01/22 459,844
FLORIDA (CONTINUED)
$ 1,000 Florida Hsg Fin Corp Rev Hsg
Wentworth II Apts, Ser A
(AMBAC Insd) (AMT) 5.375% 11/01/29 $ 932,200
5,365 Florida Hsg Fin Corp Rev, Ser 6
(AMT) (b) 4.625 07/01/31 5,012,809
5,025 Florida Hsg Fin Corp Rev, Ser 6
(AMT) (b) 4.700 07/01/37 4,695,129
8,475 Florida Ports Fin Comm Rev St
Trans Tr Fd Intermodal Pgm
(FGIC Insd) (AMT) 5.500 10/01/29 8,146,594
2,000 Florida Ports Fin Comm Rev St
Trans Tr Fd (MBIA Insd)
(AMT) 5.375 06/01/27 1,922,020
12,775 Florida St Brd of Ed Cap Outlay
Pub Ed Rfdg, Ser D 5.750 06/01/22 13,423,587
4,500 Florida St Brd of Ed Cap Outlay
Pub Ed, Ser C (FGIC Insd)
(Prerefunded @ 6/01/10) 5.750 06/01/29 4,829,850
2,000 Florida St Brd of Ed Lottery Rev,
Ser A (FGIC Insd) 5.250 07/01/17 2,093,820
5,000 Florida St Brd of Ed Lottery Rev,
Ser A (FGIC Insd) (Prerefunded
@ 7/01/10) 5.500 07/01/17 5,355,350
1,000 Florida St Brd of Ed Lottery Rev,
Ser A (FGIC Insd) (Prerefunded
@ 7/01/10) 6.000 07/01/14 1,080,410
15,000 Florida St Brd of Ed Pub Ed Cap
Outlay, Ser D (b) 4.750 06/01/35 14,696,150
1,000 Florida St Brd of Ed Rev FL St
Univ Hsg Fac, Ser A (MBIA
Insd) 5.000 05/01/29 991,000
FLORIDA (CONTINUED)
$ 4,735 Florida St Brd of Regt Hsg Rev
Univ FL (FGIC Insd)
(Prerefunded @ 7/01/10) 5.500% 07/01/28 $ 5,071,516
3,000 Florida St Dept Trans 5.000 07/01/32 3,015,450
7,295 Florida St Dept Trans Tpk Rev,
Ser A (b) 5.000 07/01/29 7,371,212
1,500 Florida St Div Bd Fin Dept Gen
Svc Rev Dept Envrnmtl
Preservtn 2000, Ser A (AMBAC
Insd) 5.000 07/01/11 1,502,685
2,000 Florida St Div Bd Fin Dept Gen
Svc Rev Dept Envrnmtl
Preservtn 2000, Ser A (FGIC
Insd) 5.250 07/01/12 2,064,220
1,910 Florida St Tpk Auth Tpk Rev Dept
Trans Rfdg, Ser A (b) 5.000 07/01/26 1,942,002
1,935 Florida St Tpk Auth Tpk Rev Dept
Trans Rfdg, Ser A (b) 5.000 07/01/27 1,967,421
2,100 Florida St Tpk Auth Tpk Rev Dept
Trans Rfdg, Ser A (b) 5.000 07/01/28 2,135,186
2,500 Florida St Tpk Auth Tpk Rev Dept
Trans Rfdg, Ser A (b) 5.000 07/01/32 2,541,888
1,475 Florida St Tpk Auth Tpk Rev Dept
Trans, Ser B 5.000 07/01/30 1,480,487
8,700 Fort Lauderdale, FL Wtr & Swr
Rev (b) 5.000 09/01/32 8,790,176
1,635 Fort Myers, FL Util Rev Rfdg, Ser
A (FGIC Insd) 5.500 10/01/24 1,653,770
415 Gainesville, FL Util Sys Rev (f) 8.125 10/01/14 471,689
1,000 Gramercy Farms Cmnty Dev Dist
FL Spl Assmt, Ser B 5.100 05/01/14 889,650
500 Gulf Breeze, FL Rev Loc Govt
(FGIC Insd) 5.650 12/01/20 514,460
FLORIDA (CONTINUED)
$ 730 Gulf Breeze, FL Rev Loc Govt
(FGIC Insd) 5.750% 12/01/20 $ 747,330
1,000 Gulf Breeze, FL Rev Loc Govt
(FGIC Insd) 5.800 12/01/20 1,057,060
5,000 Halifax Hosp Med Ctr FL Hosp
Rev Impt Rfdg, Ser A 5.000 06/01/38 4,290,650
5,500 Halifax Hosp Med Ctr FL Hosp
Rev Impt Rfdg, Ser A 5.250 06/01/26 5,160,320
3,000 Highlands Cnty, FL Hlth Fac Auth
Rev Hosp Adventist Hlth, Ser D
(Prerefunded @ 11/15/13) 5.375 11/15/35 3,271,560
3,000 Highlands Cnty, FL Hlth Fac Auth
Rev Hosp Adventist/Sunbelt,
Ser A (Prerefunded @
11/15/11) 6.000 11/15/31 3,313,380
1,285 Highlands, FL Cmnty Dev Dist Spl
Assmt 5.550 05/01/36 993,433
750 Hillsborough Cnty, FL Assmt Rev
Capacity Assmt Spl (FSA Insd) 5.000 03/01/15 787,695
750 Hillsborough Cnty, FL Assmt Rev
Capacity Assmt Spl (FSA Insd) 5.000 09/01/15 787,695
1,450 Hillsborough Cnty, FL Aviation
Auth Rev, Ser A (AGL Insd)
(AMT) (b) 5.375 10/01/33 1,455,039
3,260 Hillsborough Cnty, FL Aviation
Auth Rev, Ser A (AGL Insd)
(AMT) (b) 5.500 10/01/38 3,271,329
14,150 Hillsborough Cnty, FL Indl Dev
Auth Hosp Rev Tampa Gen
Hosp Proj (b) 5.250 10/01/41 13,125,453
FLORIDA (CONTINUED)
$ 1,100 Hillsborough Cnty, FL Indl Dev
Auth Pollutn Ctl Rev
Hillsborough Cnty Ida Rfdg
(AMBAC Insd) 5.000% 12/01/34 $ 1,111,660
1,225 Hillsborough Cnty, FL Indl Dev
Auth Pollutn Ctl Rev Tampa
Elec, Ser B 5.150 09/01/25 1,243,252
1,000 Hillsborough Cnty, FL Indl Dev
Tampa Gen Hosp Proj, Ser B 5.250 10/01/28 973,250
1,000 Hillsborough Cnty, FL Indl Dev
Tampa Gen Hosp Proj, Ser B 5.250 10/01/34 943,000
2,745 Hillsborough Cnty, FL Port Dist
Rev Tampa Port Auth Proj, Ser
A (MBIA Insd) (AMT) 5.375 06/01/27 2,637,972
10,000 Hillsborough Cnty, FL Solid
Waste & Res Recovery Rev,
Ser A (BHAC Insd) (AMT) 4.500 09/01/34 8,476,200
1,380 Hollywood, FL Cmnty Redev Agy
Beach Cra 5.625 03/01/24 1,363,026
1,500 Jacksonville, FL Econ Dev
Commn Indl Dev Rev Metro Pkg
Solutions Proj (ACA Insd)
(AMT) 5.500 10/01/30 1,368,375
7,000 Lakeland, FL Elec & Wtr Rev (a)(f) * 10/01/13 5,836,320
2,230 Lakeland, FL Elec & Wtr Rev (f) 5.750 10/01/19 2,423,497
5,105 Lakeland, FL Hosp Sys Rev
Lakeland Regl Hlth Sys (b) 5.000 11/15/25 4,870,811
1,000 Lee Cnty, FL Arpt Rev, Ser A
(FSA Insd) (AMT) 5.750 10/01/22 1,007,950
1,185 Lee Cnty, FL Hsg Fin Auth Single
Family Mtg Rev Multi-Cnty Pgm,
Ser A (GNMA Collateralized)
(AMT) 5.000 03/01/39 1,002,391
FLORIDA (CONTINUED)
$ 2,400 Lee Cnty, FL Indl Dev Auth
Hlthcare Fac Rev Shell
PT/Alliance Oblig Group 5.125% 11/15/36 $ 1,948,848
1,000 Lee Cnty, FL Indl Dev Auth Indl
Dev Rev Lee Charter Fndtn, Ser
A 5.375 06/15/37 804,290
1,000 Leesburg, FL Hosp Rev Leesburg
Regl Med Ctr Proj 5.500 07/01/32 950,250
1,025 Main Str Cmnty Dev Dist FL Cap
Impt Rev, Ser A 6.800 05/01/38 962,372
650 Main Str Cmnty Dev Dist FL Cap
Impt Rev, Ser B 6.900 05/01/17 634,731
3,500 Marion Cnty, FL Hosp Dist Rev
Hlth Sys Munroe Reg Impt &
Rfdg 5.000 10/01/34 3,235,680
650 Marion Cnty, FL Hosp Dist Rev
Hlth Sys Munroe Reg Impt &
Rfdg (Prerefunded @
10/01/09) 5.500 10/01/29 683,410
1,500 Miami Beach, FL Stormwtr Rev
(FGIC Insd) 5.250 09/01/25 1,498,245
1,460 Miami Beach, FL Stormwtr Rev
(FGIC Insd) (a) 5.750 09/01/14 1,540,577
1,045 Miami Beach, FL Stormwtr Rev
(FGIC Insd) 5.750 09/01/15 1,102,674
3,200 Miami-Dade Cnty, FL Aviation Rev
Miami Intl Arpt (CIFG Insd)
(AMT) 5.000 10/01/38 2,891,616
FLORIDA (CONTINUED)
$ 2,000 Miami-Dade Cnty, FL Aviation Rev
Miami Intl Arpt (FGIC Insd)
(AMT) 5.375% 10/01/27 $ 1,958,860
4,720 Miami-Dade Cnty, FL Aviation Rev
Miami Intl Arpt (AGC Insd)
(AMT) 5.375 10/01/32 4,555,650
870 Miami-Dade Cnty, FL Aviation Rev
Miami Intl Arpt, Ser B (FGIC
Insd) 5.450 10/01/15 901,885
3,000 Miami-Dade Cnty, FL Aviation Rev
Miami Intl Arpt, Ser B (FGIC
Insd) 5.750 10/01/29 3,083,340
2,000 Miami-Dade Cnty, FL Aviation
Rev, Ser A (FSA Insd) (AMT) 5.000 10/01/33 1,826,380
2,000 Miami-Dade Cnty, FL Aviation, Ser
A (FSA Insd) (AMT) 5.125 10/01/35 1,852,300
2,000 Miami-Dade Cnty, FL Ed Fac Auth
Rev, Ser A (AMBAC Insd)
(Prerefunded @ 4/01/10) 5.750 04/01/29 2,136,660
940 Midtown Miami, FL Cmnty Dev FL
Spl Assmt Rev, Ser A 6.000 05/01/24 860,655
4,250 North Broward, FL Hosp Dist Rev
Impt (Prerefunded @ 1/15/11) 6.000 01/15/31 4,606,405
1,000 Orange Cnty, FL Cap Rev Impt &
Rfdg (AMBAC Insd) * 10/01/12 857,990
1,000 Orange Cnty, FL Cap Rev Impt &
Rfdg (AMBAC Insd) * 10/01/13 818,760
980 Orange Cnty, FL Hlth Fac Auth
Hosp Hlthcare, Ser E 6.000 10/01/26 997,297
20 Orange Cnty, FL Hlth Fac Auth
Hosp Hlthcare, Ser E
(Prerefunded @ 10/01/09) 6.000 10/01/26 21,114
FLORIDA (CONTINUED)
$ 2,475 Orange Cnty, FL Hlth Fac Auth
Rev First Mtg Orlando Lutheran
Tower 5.500% 07/01/32 $ 2,070,536
1,000 Orange Cnty, FL Hlth Fac Auth
Rev Hosp Orlando Regl
Hlthcare, Ser B 5.125 11/15/39 935,040
1,000 Orange Cnty, FL Hsg Fin Auth
Multi-Family Rev Mtg Hands Inc
Proj, Ser A (Acquired 06/19/95,
Cost $1,000,000) (g) 7.000 10/01/25 1,044,200
2,000 Orange Cnty, FL Tourist Dev Tax
Rev (AMBAC Insd)
(Prerefunded @ 10/01/09) 5.500 10/01/31 2,085,360
1,500 Orlando & Orange Cnty Expwy
Auth FL Expwy Rev Jr Lien
(FGIC Insd) 5.000 07/01/28 1,466,640
2,000 Osceola Cnty, FL Sch Brd Ctf,
Ser A (AMBAC Insd)
(Prerefunded @ 6/01/12) 5.250 06/01/27 2,172,140
890 Overoaks, FL Cmnty Dev Dist
Cap Impt Rev, Ser A 6.125 05/01/35 748,134
1,650 Palm Beach Cnty, FL Hlth Fac
Auth Rev Wtrford Proj 5.875 11/15/37 1,523,610
1,000 Palm Beach Cnty, FL Sch Brd Ctf
tn, Ser A (FGIC Insd)
(Prerefunded @ 8/01/10) 5.875 08/01/21 1,076,080
5,000 Pasco Cnty, FL Wtr & Swr Rev
Rfdg (FSA Insd) 5.000 10/01/36 5,005,950
1,000 Pembroke Pines, FL Cons Util
Sys Rev (FGIC Insd) (f) 6.250 09/01/11 1,060,300
1,500 Pensacola, FL Arpt Rev Rfdg, Ser
A (MBIA Insd) (AMT) 6.000 10/01/12 1,533,360
FLORIDA (CONTINUED)
$ 1,565 Pensacola, FL Arpt Rev Rfdg, Ser
A (MBIA Insd) (AMT) 6.125% 10/01/18 $ 1,591,026
500 Polk Cnty, FL Sch Brd Ctf tn
Master Lease, Ser A (FSA
Insd) 5.500 01/01/25 519,000
2,000 Port Saint Lucie, FL Spl Assmt
Rev Southwest Annexation Dist,
Ser 1-B (MBIA Insd) 5.000 07/01/33 1,963,580
4,675 Putnam Cnty, FL Dev Auth Pollutn
Ctl Rev Rfdg Seminole Proj, Ser
A (AMBAC Insd) 5.350 03/15/42 4,635,403
890 Reunion East Cmnty Dev Dist FL
Spl Assmt 5.800 05/01/36 727,967
1,000 Saint Johns Cnty, FL Indl Dev
Auth Hlthcare Glenmoor Proj,
Ser A 5.250 01/01/26 843,120
1,500 Saint John's Cnty, FL Indl Dev
Auth Hlthcare Glenmoor Proj,
Ser A 5.375 01/01/40 1,170,030
5,860 Saint Lucie Cnty, FL Sch Brd Ctf
Partn (FSA Insd) 5.000 07/01/29 5,777,491
2,000 Saint Lucie Cnty, FL Sch Brd Ctf,
Ser A (FSA Insd) 5.000 07/01/21 2,033,320
1,000 Saint Lucie Cnty, FL Sch Brd Ctf,
Ser A (FSA Insd) 5.000 07/01/23 1,012,360
600 Seminole Tribe, FL Spl Oblig Rev,
Ser A (e) 5.250 10/01/27 536,352
1,415 Seven Oaks, FL Cmnty Dev Dist II
Spl Assmt Rev, Ser A 5.875 05/01/35 1,160,045
1,000 South Lake Cnty Hosp Dist FL
South Lake Hosp Inc 6.375 10/01/28 1,019,900
FLORIDA (CONTINUED)
$ 1,500 South Miami, FL Hlth Fac Auth
Hosp Rev Baptist Hlth South FL
Group 5.000% 08/15/37 $ 1,427,250
2,845 South Vlg Cmnty Dev Dist FL Cap
Impt Rev, Ser A 5.700 05/01/35 2,421,323
500 Split Pine Cmnty Dev Dist FL Spl
Assmt, Ser A 5.250 05/01/39 406,275
1,250 Sterling Hill Cmnty Dev Dist FL
Cap Impt Rev, Ser A 6.200 05/01/35 1,252,538
1,000 Tallahassee, FL Hlth Fac Rev
Tallahassee Mem Hlthcare Proj 6.375 12/01/30 1,007,520
1,000 Tallahassee, FL Lease Rev FL St
Univ Proj, Ser A (MBIA
Insd) (a) 5.500 08/01/17 1,056,680
1,115 Tallahassee, FL Lease Rev FL St
Univ Proj, Ser A (MBIA
Insd) (a) 5.500 08/01/19 1,170,438
3,000 Tampa, FL Hosp Rev Cap Impt H
Lee Moffitt, Ser A 5.750 07/01/19 3,045,210
1,800 Tampa, FL Hosp Rev Cap Impt H
Lee Moffitt, Ser A 5.750 07/01/29 1,813,086
300 Tolomato Cmnty, FL Dev Dist Spl
Assmt 6.550 05/01/27 298,839
3,170 Tolomato Cmnty, FL Dev Dist Spl
Assmt 6.650 05/01/40 3,155,038
3,500 Village Ctr Cmnty Dev Dist FL
Recreational Rev, Ser A (MBIA
Insd) 5.125 11/01/36 3,513,370
1,000 Village Ctr Cmnty Dev Dist FL
Recreational Rev, Ser A (MBIA
Insd) 5.200 11/01/25 1,017,440
1,000 Village Ctr Cmnty Dev Dist FL Util
Rev (FGIC Insd) (f) 6.000 11/01/18 1,156,000
FLORIDA (CONTINUED)
$ 2,000 Village Ctr Cmnty Dev Dist FL Util
Rev (MBIA Insd) 5.250% 10/01/23 $ 2,083,140
1,000 Volusia Cnty, FL Ed Fac Auth Rev
Ed Fac Embry Riddle Aero, Ser
A 5.750 10/15/29 982,480
3,000 West Orange Hlthcare Dist FL,
Ser A 5.800 02/01/31 3,033,810
820 West Palm Beach, FL Cmnty
Redev Agy Northwood -
Pleasant Cmnty Redev, Ser A 5.000 03/01/35 701,543
750 World Comm Cmnty Dev Dist FL
Spl Assmt 5.500 05/01/38 588,008
--------------
322,841,709
--------------
GEORGIA 3.4%
5,250 Atlanta, GA Arpt Passenger Fac
Charge Rev Gen Sub Lien, Ser
C (FSA Insd) (b) 5.000 01/01/33 5,252,777
2,000 Atlanta, GA Arpt Passenger Fac
Charge Rev Gen Sub Lien, Ser
C (FSA Insd) 5.000 01/01/33 2,001,940
1,421 Fulton Cnty, GA Lease Rev
(Acquired 12/23/94, Cost
$1,420,926) (g) 7.250 06/15/10 1,460,541
1,500 George L Smith II GA World
Congress Cent Auth Rev
Domed Stadium Proj Rfdg
(MBIA Insd) (AMT) 5.500 07/01/20 1,398,600
2,635 Georgia Muni Elec Auth Pwr Rev,
Ser A (MBIA-IBC Insd) 6.500 01/01/20 3,193,436
5,815 Georgia Muni Elec Auth Pwr Rev,
Ser Y (MBIA-IBC Insd) 6.500 01/01/17 6,646,921
GEORGIA (CONTINUED)
$ 85 Georgia Muni Elec Auth Pwr Rev,
Ser Y (MBIA-IBC Insd)
(Prerefunded @ 1/01/14) 6.500% 01/01/17 $ 98,593
2,400 Putnam Cnty, GA Dev Auth
Pollutn Ctl Rev GA Pwr Co, Ser
1 5.100 06/01/23 2,367,912
800 Royston, GA Hosp Auth Hosp
Rev Ctf Hlthcare Sys Inc 6.700 07/01/16 804,952
2,500 Royston, GA Hosp Auth Hosp
Rev Ctf Hlthcare Sys Inc Rfdg 6.500 07/01/27 2,455,825
--------------
25,681,497
--------------
IDAHO 0.2%
1,340 Idaho Hlth Fac Auth Rev Vly Vista
Care Corp Rfdg 6.125 11/15/27 1,231,594
--------------
ILLINOIS 12.0%
1,910 Bartlett, IL Tax Increment Rev
Quarry Redev Proj Rfdg 5.600 01/01/23 1,807,777
11,675 Chicago, IL Brd of Ed Rfdg, Ser C
(FSA Insd) (b) 5.000 12/01/27 11,958,474
2,000 Chicago, IL Brd of Ed (FGIC Insd)
(Prerefunded @ 12/01/10) 5.500 12/01/31 2,142,540
4,400 Chicago, IL O'Hare Intl Arpt Rev
Gen Arpt Third Lien (AGC
Insd) (b) 5.250 01/01/24 4,527,688
11,500 Chicago, IL O'Hare Intl Arpt Rev
Gen Arpt Third Lien (AGC
Insd) (b) 5.250 01/01/25 11,790,433
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 1,427,715
ILLINOIS (CONTINUED)
$ 1,000 Chicago, IL O'Hare Intl Arpt Rev
Second Lien Passenger Fac,
Ser B (AMBAC Insd) 5.500% 01/01/16 $ 1,037,420
2,000 Chicago, IL O'Hare Intl Arpt Rev
Second Lien Passenger Fac,
Ser B (AMBAC Insd) 5.500 01/01/17 2,068,300
5,700 Chicago, IL O'Hare Intl Arpt Rev,
Ser A (FSA Insd) (b) 5.000 01/01/33 5,612,933
3,500 Chicago, IL Proj Rfdg, Ser A (MBIA
Insd) (Prerefunded @ 1/01/11) 5.000 01/01/31 3,648,153
375 Chicago, IL Proj Rfdg, Ser C
(FGIC Insd) 5.750 01/01/14 397,421
375 Chicago, IL Proj Rfdg, Ser C
(FGIC Insd) 5.750 01/01/15 397,421
1,000 Chicago, IL Rfdg, Ser B (AMBAC
Insd) 5.125 01/01/15 1,061,400
2,500 Chicago, IL, Ser A (AGL Insd) (b) 5.250 01/01/24 2,612,275
3,500 Chicago, IL, Ser A (AGL Insd) 5.250 01/01/25 3,647,665
2,500 Chicago, IL, Ser A (AGL Insd) (b) 5.250 01/01/25 2,612,275
3,500 Du Page Cnty, IL Fst Presv Dist * 11/01/10 3,289,405
4,500 Hoffman Estates, IL (b) 5.000 12/01/38 4,489,380
2,310 Illinois Dev Fin Auth Rev Adventist
Hlth, Ser A (MBIA Insd) 5.500 11/15/13 2,502,284
2,500 Illinois Dev Fin Auth Rev Adventist
Hlth, Ser A (MBIA Insd) 5.500 11/15/15 2,724,350
400 Illinois Fin Auth Rev Christian
Homes Inc Rfdg, Ser A 5.750 05/15/31 342,004
ILLINOIS (CONTINUED)
$ 1,000 Illinois Fin Auth Rev IL Fin Auth
Roosevelt Univ 5.500% 04/01/37 $ 944,920
2,000 Illinois Fin Auth Rev IL Inst of
Technology, Ser A 5.000 04/01/31 1,851,680
4,500 Illinois Fin Auth Rev Osf Hlthcare
Sys, Ser A 5.750 11/15/37 4,493,205
3,500 Illinois Fin Auth Rev Sherman Hlth
Sys 2007, Ser A 5.500 08/01/37 3,238,305
1,330 Illinois Fin Auth Solid Waste Rev
Disp Waste Mgmt Inc Proj
(AMT) 5.050 08/01/29 1,094,790
1,250 Illinois Hlth Fac Auth Rev
Evangelical Hosp, Ser C (FSA
Insd) 6.750 04/15/17 1,464,087
2,275 Illinois Hlth Fac Auth Rev South
Suburban Hosp (f) 7.000 02/15/18 2,683,271
285 Illinois St (FGIC Insd) 5.250 12/01/20 285,573
250 Metropolitan Pier & Expo Auth IL
Dedicated St Tax Rev
McCormick Pl Expn Proj, Ser A
(FGIC Insd) 5.375 12/15/18 260,573
1,920 University IL Univ Rev Auxiliary
Fac Sys (MBIA Insd) 4.500 04/01/36 1,736,640
775 Will-Kankakee Regl Dev Auth IL
Multi-Family Hsg Rev Sr Estates
Supportive Living (AMT) 7.000 12/01/42 735,994
1,500 Yorkville, IL Utd City Spl Svc Area
Spl Tax No 2006-113
Cannonball/Beecher 5.750 03/01/28 1,292,385
--------------
90,178,736
--------------
INDIANA 4.0%
$ 1,535 Indiana Hlth & Ed Fac Fin Auth
Hosp Rev Clarian Hlth Oblig,
Ser A 5.000% 02/15/36 $ 1,382,620
1,300 Indiana Hlth & Ed Fac Fin Auth
Hosp Rev Cmnty Fndtn
Northwest IN 5.500 03/01/37 1,130,545
5,600 Indiana Hlth & Ed Fac Fin Auth
Rev Ascension Hlth Sr
Credit (b) 5.000 11/15/36 5,402,516
4,000 Indiana Hlth Fac Fin Auth Rev
Deaconess Hosp, Ser A
(AMBAC Insd) 5.375 03/01/34 4,027,560
5,500 Indiana St Hsg & Cmnty Dev Auth
Single Family Mtg Rev, Ser D
(GNMA Collateralized)
(AMT) (b) 4.625 07/01/38 5,177,726
1,280 North Adams, IN Cmnty Sch
Renovation Bldg Corp Cap
Apprec First Mtg (FSA Insd) (a) * 01/15/19 780,314
1,500 Petersburg, IN Pollutn Ctl Rev IN
Pwr & Lt (AMT) 5.950 12/01/29 1,421,055
10,780 Saint Joseph Cnty, IN Hosp Auth
Hlth Sys Rev Rfdg Mem Hlth
Sys (AMBAC Insd) (c) 7.000 08/15/33 10,780,000
500 Vigo Cnty, IN Hosp Auth Rev Un
Hosp Inc (e) 5.750 09/01/42 428,630
--------------
30,530,966
--------------
IOWA 1.9%
1,685 Des Moines, IA Pub Pkg Sys, Ser
A (FGIC Insd) (a) 5.750 06/01/15 1,761,010
1,785 Des Moines, IA Pub Pkg Sys, Ser
A (FGIC Insd) (a) 5.750 06/01/16 1,865,521
IOWA (CONTINUED)
$ 500 Jefferson Cnty, IA Hosp Rev
Jefferson Cnty Hosp Proj, Ser
C 5.950% 08/01/37 $ 467,080
500 Sibley, IA Hlthcare Fac Rev
Osceola Cmnty Hosp Proj 6.000 12/01/37 445,640
2,750 Tobacco Settlement Auth IA Tob
Settlement Rev Asset Bkd, Ser
C 5.375 06/01/38 2,137,163
2,750 Tobacco Settlement Auth IA Tob
Settlement Rev Asset Bkd, Ser
C 5.625 06/01/46 2,169,200
6,700 Tobacco Settlement Auth IA Tob
Settlement Rev, Ser C 5.500 06/01/42 5,213,672
--------------
14,059,286
--------------
KANSAS 1.8%
2,100 Burlington, KS Environmental Impt
Rev KC Rfdg Pwr LT, Ser B
(XLCA Insd) 5.000 12/01/23 2,138,661
3,810 Kansas St Dev Fin Auth Rev KS
Proj, Ser N (AMBAC Insd) (a) 5.250 10/01/22 3,976,916
1,100 Labette Cnty, KS Hosp Rev Rfdg
& Impt, Ser A 5.750 09/01/37 1,006,764
1,250 Lenexa, KS Hlthcare Fac Rev
Rfdg & Impt 5.500 05/15/39 1,080,700
3,300 Manhattan, KS Hlthcare Fac Rev
Meadowlark Hills Retirement,
Ser A 5.000 05/15/24 2,782,329
1,650 Manhattan, KS Hlthcare Fac Rev
Meadowlark Hills Retirement,
Ser A 5.000 05/15/36 1,278,651
700 Manhattan, KS Hlthcare Fac Rev
Meadowlark Hills Retirement,
Ser B 5.125 05/15/42 541,009
KANSAS (CONTINUED)
$ 1,075 Olathe, KS Sr Living Fac Rev
Catholic Care Campus Inc, Ser
A 6.000% 11/15/38 $ 961,942
--------------
13,766,972
--------------
KENTUCKY 0.8%
6,725 Louisville & Jefferson Cnty, KY
Metro Govt Hlth Sys Rev (b) 5.250 10/01/36 6,060,098
--------------
LOUISIANA 3.0%
830 Colonial Pinnacle Cmnty Dev Dist
Dev 6.750 05/01/23 813,068
1,495 Lakeshore Vlg Master Cmnty Dev
Dist LA Spl Assmt 5.250 07/01/17 1,337,801
2,425 Louisiana Hsg Fin Agy Rev Azalea
Estates Rfdg, Ser A (GNMA
Collateralized) (AMT) 5.375 10/20/39 2,205,731
8,000 Louisiana Pub Fac Auth Rev
Christus Hlth Sub, Ser C-2
(AMBAC Insd) (c)(d) 6.500 07/01/41 8,000,000
7,500 Louisiana St Gas & Fuels Tax
Rev, Ser A (FSA Insd) (b) 5.000 05/01/36 7,481,925
2,750 Rapides Fin Auth LA Rev Cleco
Pwr Proj (AMT) 5.250 11/01/37 2,723,985
--------------
22,562,510
--------------
MARYLAND 1.3%
1,050 Gaithersburg, MD Econ Dev Rev
Asbury MD Oblig Group A 5.125 01/01/36 918,204
1,635 Maryland St Cmnty Dev Admin
Dept Hsg & Cmnty Dev, Ser H
(AMT) 5.100 09/01/37 1,439,699
2,500 Maryland St Hlth & Higher Ed Fac
Auth Rev MD Inst College of
Art 5.000 06/01/40 2,188,025
MARYLAND (CONTINUED)
$ 2,750 Maryland St Hlth & Higher Ed Fac
Auth Rev Mercy Med Ctr, Ser
A 5.500% 07/01/42 $ 2,541,468
2,250 Maryland St Trans Auth Arpt
Baltimore/WA Intl Arpt, Ser B
(AMBAC Insd) (AMT) 5.125 03/01/24 2,145,375
950 Prince Georges Cnty, MD Spl
Oblig Natl Harbor Proj 5.200 07/01/34 807,158
--------------
10,039,929
--------------
MASSACHUSETTS 3.9%
650 Massachusetts St Dev Fin Agy
Rev Linden Ponds Inc Fac, Ser
A 5.750 11/15/35 561,795
750 Massachusetts St Dev Fin Agy
Rev Linden Ponds Inc Fac, Ser
A 5.750 11/15/42 638,407
500 Massachusetts St Hlth & Ed Fac
Auth Rev Hlthcare Sys
Covenant (Prerefunded @
1/01/12) 6.000 07/01/31 520,050
35 Massachusetts St Hlth & Ed Fac
Auth Rev tn Hlthcare Sys,
Ser C 5.750 07/01/32 35,567
965 Massachusetts St Hlth & Ed Fac
Auth Rev tn Hlthcare Sys,
Ser C (Prerefunded @
7/01/11) 5.750 07/01/32 1,055,778
MASSACHUSETTS (CONTINUED)
$ 5,835 Massachusetts St Hlth & Ed Fac
Auth Rev Univ MA Mem Issue,
Ser D 5.000% 07/01/33 $ 5,051,360
5,765 Massachusetts St Hsg Fin Agy
Hsg Rev Single Family Hsg, Ser
126 (AMT) (b) 4.550 06/01/27 5,388,143
1,000 Massachusetts St Hsg Fin Agy
Hsg, Ser A (AMT) 5.100 12/01/27 921,590
6,750 Massachusetts St Sch Bldg Auth
Dedicated Sales Tax Rev, Ser A
(AMBAC Insd) (b) 4.500 08/15/35 6,558,310
3,850 Massachusetts St Sch Bldg Auth
Dedicated Sales Tax Rev, Ser A
(FSA Insd) (b) 5.000 08/15/30 3,886,211
4,500 Massachusetts St Wtr Res Auth
Gen, Ser A (b) 5.000 08/01/41 4,483,485
--------------
29,100,696
--------------
MICHIGAN 4.9%
3,015 Detroit, MI Downtown Dev Auth
Tax Increment Rev, Ser C1 * 07/01/17 1,946,152
3,050 Detroit, MI Downtown Dev Auth
Tax Increment Rev, Ser C1 (a) * 07/01/18 1,853,698
3,050 Detroit, MI Downtown Dev Auth
Tax Increment Rev, Ser C1 (a) * 07/01/19 1,738,683
3,050 Detroit, MI Downtown Dev Auth
Tax Increment Rev, Ser C1 (a) * 07/01/22 1,426,820
3,050 Detroit, MI Downtown Dev Auth
Tax Increment Rev, Ser C1 (a) * 07/01/23 1,337,364
3,050 Detroit, MI Downtown Dev Auth
Tax Increment Rev, Ser C1 (a) * 07/01/24 1,251,812
3,500 Grand Rapids, MI Downtown Dev
Cap Apprec (MBIA Insd) * 06/01/15 2,635,500
MICHIGAN (CONTINUED)
$ 2,765 Grand Rapids, MI Downtown Dev
Cap Apprec (MBIA Insd) * 06/01/16 $ 1,973,021
2,000 Grand Rapids, MI Wtr Supply Sys
Rfdg (FGIC Insd) 5.750% 01/01/13 2,111,420
2,000 Kent Hosp Fin Auth MI Rev Metro
Hosp Proj, Ser A 6.000 07/01/35 1,849,720
1,350 Kent Hosp Fin Auth MI Rev
Spectrum Hlth, Ser A 5.250 01/15/47 1,408,212
600 Kent Hosp Fin Auth MI Rev
Spectrum Hlth, Ser A 5.500 01/15/47 631,116
2,850 Michigan St Hosp Fin Auth Rev
Ascension Hlth Cr, Ser A (MBIA
Insd) (Prerefunded @
11/15/09) 5.750 11/15/18 2,998,400
2,500 Michigan St Strategic Fd Detroit
Edison Co Proj Rfdg, Ser C
(XLCA Insd) (AMT) 5.450 12/15/32 2,254,675
2,250 Michigan St Strategic Fd Detroit
Edison Co Proj, Ser A (XLCA
Insd) (AMT) 5.500 06/01/30 2,060,235
2,500 Michigan St Strategic Fd Detroit
Edison Pollutn Ctl Rfdg
(AMBAC Insd) (d) 4.850 09/01/30 2,539,000
1,000 Michigan St Strategic Fd Detroit
Edison Pollutn Ctl Rfdg, Ser B
(AMT) 5.650 09/01/29 925,760
7,000 Michigan Tob Settlement Fin Auth
Tob Settlement Asset Sr, Ser
A 6.000 06/01/48 5,847,450
--------------
36,789,038
--------------
MINNESOTA 2.2%
$ 1,380 Annandale, MN Econ Dev Auth Sr
Hsg & Hlthcare Rev Annandale
Care Ctr Proj, Ser A 5.900% 11/01/37 $ 1,256,200
525 Chisago, MN Hlthcare Fac Rev
CDL Homes LLC Proj 6.000 08/01/42 486,176
1,250 Dakota Cnty, MN Cmnty Dev Agy
Multi-Family Hsg Rev Commons
Marice Proj Rfdg, Ser A 5.000 05/01/42 960,950
1,000 Meeker Cnty, MN Gross Rev
Hosp Fac Mem Hosp Proj 5.750 11/01/37 932,480
8,000 Minneapolis, MN Hlthcare Sys
Rev Fairview Hlth Svc Rfdg, Ser
A (AMBAC Insd) (c) 7.000 11/15/32 8,000,000
50 Minnesota Agric & Econ Dev Brd
Rev Hlthcare Sys (MBIA Insd) 5.750 11/15/26 51,078
300 North Oaks, MN Sr Hsg Rev
Presbyterian Homes North
Oaks 6.000 10/01/27 285,396
875 North Oaks, MN Sr Hsg Rev
Presbyterian Homes North
Oaks 6.000 10/01/33 812,394
275 North Oaks, MN Sr Hsg Rev
Presbyterian Homes North
Oaks 6.125 10/01/39 256,834
2,200 Saint Paul, MN Hsg & Redev Auth
Hlthcare Fac Rev Hlth tners
Oblig Grp Proj 5.250 05/15/36 1,945,614
1,400 Saint Paul, MN Hsg & Redev Auth
Hosp Rev Hlth East Proj 6.000 11/15/35 1,382,262
--------------
16,369,384
--------------
MISSOURI 2.8%
$ 245 Cape Girardeau Cnty, MO Indl
Dev Auth Hlthcare Fac Rev
Southeast MO Hosp Assoc 5.625% 06/01/27 $ 234,960
1,700 Cass Cnty, MO Hosp Rev 5.625 05/01/38 1,550,672
1,250 Cole Cnty, MO Indl Dev Auth Sr
Living Fac Rev Lutheran Sr Svc
Heisinger Proj 5.500 02/01/35 1,191,437
1,625 Jefferson Cnty, MO Reorg Sch
Dist No R-6 (FGIC Insd) 5.625 03/01/20 1,706,266
2,500 Joplin, MO Indl Dev Auth Indl Rev
Rfdg Christian Homes Inc, Ser F 5.750 05/15/26 2,179,725
1,000 Joplin, MO Indl Dev Auth Indl Rev
Christian Homes Inc Rfdg, Ser F 5.750 05/15/31 849,010
1,325 Maryland Heights, MO Tax
Increment Rev South Heights
Redev Proj Rfdg, Ser A 5.500 09/01/18 1,282,640
1,250 Saint Charles, MO Ctf tn, Ser B 5.500 05/01/18 1,300,663
1,250 Saint Louis Cnty, MO Indl Dev
Auth Sr Living Fac Rev
Friendship Vlg West Cnty, Ser A 5.375 09/01/21 1,172,262
975 Saint Louis Cnty, MO Indl Dev
Auth Sr Living Fac Rev Saint
Andrews Res for Srs, Ser A 6.375 12/01/30 906,038
2,335 Saint Louis Cnty, MO Indl Dev
Auth Sr Living Fac Rev Saint
Andrews Res for Srs, Ser A 6.375 12/01/41 2,131,972
900 Saint Louis, MO Indl Dev Auth
Tax Increment & Cmnty Impt
Dist Loughborough Com Rfdg 5.750 11/01/27 839,916
MISSOURI (CONTINUED)
$ 3,025 Springfield, MO Pub Bldg Corp
Leasehold Rev Springfield
Branson Arpt, Ser B (AMBAC
Insd) (AMT) (b) 4.550% 07/01/29 $ 2,574,841
525 Springfield, MO Pub Bldg Corp
Leasehold Rev Springfield
Branson Arpt, Ser B (AMBAC
Insd) (AMT) 4.550 07/01/29 440,780
3,675 Springfield, MO Pub Bldg Corp
Leasehold Rev Springfield
Branson Arpt, Ser B (AMBAC
Insd) (AMT) (b) 4.600 07/01/36 3,128,112
--------------
21,489,294
--------------
NEBRASKA 0.3%
2,615 Omaha Pub Pwr Dist NE Elec Rev
Sys, Ser A (b) 5.000 02/01/34 2,623,738
--------------
NEVADA 2.1%
4,285 Clark Cnty, NV Indl Dev Rev
Southwest Gas Corp Proj, Ser A
(BHAC Insd) (AMT) 4.750 09/01/36 3,712,610
3,000 Clark Cnty, NV Indl Dev Rev
Southwest Gas Corp Proj, Ser A
(AMBAC Insd) (AMT) 5.250 07/01/34 2,454,030
3,500 Clark Cnty, NV Indl Dev
Southwest Gas Corp Proj, Ser
D1 (FGIC Insd) (AMT) 5.250 03/01/38 2,833,040
4,100 Nevada Hsg Div Single Family
Mtg Rev, Ser A (GNMA
Collateralized) (AMT) 5.875 04/01/38 4,023,412
3,460 Reno, NV Hosp Rev Regl Med Ctr
Proj, Ser A (b) 5.250 06/01/37 3,176,713
--------------
16,199,805
--------------
NEW HAMPSHIRE 0.3%
$ 1,000 New Hampshire Hlth & Ed Fac
Auth Rev Derryfield Sch
(Prerefunded @ 7/01/10) 7.000% 07/01/30 $ 1,017,490
950 New Hampshire St Bus Fin Auth
Wtr Fac Rev Pennichuck
Wtrwks Inc (AMBAC Insd)
(AMT) 6.300 05/01/22 955,690
--------------
1,973,180
--------------
NEW JERSEY 6.9%
375 Burlington Cnty, NJ Brdg Cmnty
Econ Dev Rev The Evergreens
Proj 5.625 01/01/38 332,186
1,200 New Jersey Econ Dev Auth Rev
Cig Tax 5.750 06/15/29 1,127,808
3,150 New Jersey Econ Dev Auth Rev
Cig Tax 5.750 06/15/34 2,903,670
25,000 New Jersey Econ Dev Auth St
Contract Econ Recovery (MBIA
Insd) 5.900 03/15/21 28,465,500
2,000 New Jersey Hlthcare Fac Fin Auth
Rev Holy Name Hosp 5.000 07/01/36 1,699,540
2,300 New Jersey Hlthcare Fac Fin Auth
Rev Saint Peters Univ Hosp
Oblig 5.750 07/01/37 2,197,121
2,095 New Jersey St Trans Tr Fd Auth
Trans Sys, Ser A 5.750 06/15/17 2,394,543
4,500 Tobacco Settlement Fin Corp NJ,
Ser A1 4.750 06/01/34 3,226,905
14,000 Tobacco Settlement Fin Corp NJ,
Ser A1 (b) 5.000 06/01/41 10,046,540
--------------
52,393,813
--------------
NEW MEXICO 0.2%
$ 1,250 Jicarilla, NM Apache Nation Rev,
Ser A (Acquired 10/23/03, Cost
$1,275,475) (g) 5.500% 09/01/23 $ 1,286,338
--------------
NEW YORK 11.7%
2,500 Metropolitan Trans Auth NY Rev
Rfdg, Ser A (FGIC Insd) 5.250 11/15/31 2,509,300
13,750 Metropolitan Trans Auth NY Rev
Trans, Ser B (FSA Insd) (b) 4.500 11/15/36 13,576,390
2,400 New York City Hsg Dev Corp
Multi-Family Hsg Rev, Ser E1
(AMT) 5.350 11/01/37 2,198,208
3,650 New York City Indl Dev Agy Rev
Liberty 7 World Trade Ctr Proj,
Ser B 6.750 03/01/15 3,712,087
16,930 New York City Trans Auth Trans
Fac Livingston Plaza Proj Rfdg,
Ser 1993 (FSA Insd) (f) 5.400 01/01/18 18,732,029
7,225 New York, NY Sub, Ser I-1 (b) 5.000 02/01/26 7,378,389
2,500 New York St Dorm Auth Lease
Rev Muni Hlth Fac Impt Pgm,
Ser A (FSA Insd) 5.500 05/15/25 2,528,575
5,170 New York St Dorm Auth Rev City
Univ Sys, Ser C 7.500 07/01/10 5,513,805
3,000 New York St Dorm Auth Rev Hosp
(MBIA Insd) 5.000 08/01/33 2,962,050
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 2,153,820
3,000 New York St Dorm Auth Rev St
Univ Ed Fac (FGIC Insd)
(Prerefunded @ 5/15/10) 5.750 05/15/24 3,217,620
NEW YORK (CONTINUED)
$ 2,840 New York St Loc Assistance Corp
Rfdg, Ser E 6.000% 04/01/14 $ 3,135,729
1,500 New York St Urban Dev Corp Rev
Correctional Fac Rfdg 5.500 01/01/13 1,608,405
12,100 Port Auth NY & NJ Cons 144th (b) 5.000 10/01/35 12,244,598
3,000 Port Auth NY & NJ Spl Oblig Rev
Spl Proj JFK Intl Arpt Term 6
(MBIA Insd) (AMT) 5.750 12/01/22 2,976,630
3,000 Port Auth NY & NJ Spl Oblig Rev
Spl Proj JFK Intl Arpt Term 6
(MBIA Insd) (AMT) 5.750 12/01/25 2,922,720
950 Seneca Nation Indians Cap Impt
Auth NY Spl Oblig, Ser A (e) 5.000 12/01/23 817,456
--------------
88,187,811
--------------
NORTH CAROLINA 4.3%
4,000 North Carolina Eastern Muni Pwr
Agy Pwr Sys Rev, Ser D 6.750 01/01/26 4,165,720
1,500 North Carolina Med Care Commn
Retirement Fac Rev First Mtg
Southminster Proj, Ser A 5.750 10/01/37 1,400,730
25,000 North Carolina Muni Pwr Agy No 1
Catawba Elec Rev Rfdg (MBIA
Insd) 6.000 01/01/12 27,028,750
--------------
32,595,200
--------------
NORTH DAKOTA 0.3%
515 North Dakota St Hsg Fin Agy Rev
Hsg Fin Pgm Home Mtg Fin,
Ser B (MBIA Insd) (AMT) 5.500 07/01/29 526,212
NORTH DAKOTA (CONTINUED)
$ 1,500 Ward Cnty, ND Hlthcare Fac Rev
Trinity Obligated Group 5.125% 07/01/29 $ 1,370,520
--------------
1,896,732
--------------
OHIO 7.8%
12,400 Buckeye, OH Tob Settlement Fin
Auth Asset Bkd Sr Turbo, Ser
A-2 5.750 06/01/34 10,265,464
6,500 Buckeye, OH Tob Settlement Fin
Auth Asset Bkd Sr Turbo, Ser A-2 5.875 06/01/30 5,622,240
6,750 Buckeye, OH Tob Settlement Fin
Auth Asset Bkd Sr Turbo, Ser A-2 5.875 06/01/47 5,483,970
450 Cuyahoga Cnty, OH Hlthcare &
Indpt Living Fac Rev Eliza
Jennings Sr Care, Ser A 5.750 05/15/27 399,370
2,000 Cuyahoga Cnty, OH Hosp Fac
Rev Canton Inc Proj 7.500 01/01/30 2,118,920
1,000 Delaware Cnty, OH Cap Fac
(Prerefunded @ 12/01/10) 6.000 12/01/25 1,092,030
1,000 Lorain Cnty, OH Hosp Rev
Catholic Hlthcare, Ser S 5.375 10/01/30 1,006,780
4,500 Lorain Cnty, OH Hosp Rev Fac
Catholic, Ser A (FSA Insd) (b) 5.000 02/01/24 4,597,380
4,525 Lorain Cnty, OH Hosp Rev Fac
Catholic, Ser B (FSA Insd) (b) 5.000 02/01/24 4,622,835
4,800 Lorain Cnty, OH Hosp Rev Rfdg
Catholic, Ser C (FSA Insd) (b) 5.000 04/01/24 4,903,896
1,625 Montgomery Cnty, OH Rev
Catholic Hlth, Ser C (FSA
Insd) (b) 5.000 10/01/41 1,597,148
8,000 Ohio St Air Quality Dev Auth Rev
Dayton Pwr (BHAC Insd)
(AMT) (b) 4.800 09/01/36 7,785,025
OHIO (CONTINUED)
$ 1,000 Ohio St Higher Ed Fac Cmnty Rev
Hosp Univ Hosp Hlth Sys Inc,
Ser A (BHAC Insd) 5.250% 01/15/46 $ 1,006,080
3,110 Ohio St Hsg Fin Agy Residential
Mtg Rev Bkd Sec Pgm, Ser D
(GNMA Collateralized) (AMT) (b) 5.300 09/01/28 2,996,968
5,475 Ohio St Hsg Fin Agy Residential
Mtg Rev Bkd Sec Pgm, Ser D
(GNMA Collateralized) (AMT) (b) 5.400 03/01/33 5,276,012
--------------
58,774,118
--------------
OKLAHOMA 0.7%
2,175 Chickasaw Nation, OK Hlth Sys (e) 6.250 12/01/32 2,215,368
1,500 Jenks, OK Aquarium Auth Rev
First Mtg (MBIA Insd)
(Prerefunded @ 7/01/10) 6.100 07/01/30 1,621,935
1,575 Oklahoma City, OK Arpt Tr Jr Lien
27th, Ser B (FSA Insd) (AMT) 5.750 07/01/16 1,600,720
--------------
5,438,023
--------------
OREGON 0.9%
4,350 Oregon Hlth Sciences Univ Insd,
Ser A (MBIA Insd) 5.250 07/01/22 4,463,404
1,985 Portland, OR Urban Renewal &
Redev Downtown Wtrfront, Ser
A (AMBAC Insd) 5.750 06/15/16 2,064,182
--------------
6,527,586
--------------
PENNSYLVANIA 3.3%
2,750 Allegheny Cnty, PA Hosp Dev
Auth Rev Hlth Sys West PA,
Ser A 5.000 11/15/28 2,195,132
230 Allegheny Cnty, PA San Auth Swr
Rev (MBIA Insd) 5.500 12/01/30 236,424
PENNSYLVANIA (CONTINUED)
$ 2,465 Falls Twp, PA Hosp Auth Hosp
Rev DE Vly Med Rfdg (FHA
Gtd) 7.000% 08/01/22 $ 2,484,498
875 Montgomery Cnty, PA Indl Dev
Auth Rev Mtg Whitemarsh
Continuing Care Proj 6.250 02/01/35 787,692
1,550 Pennsylvania Econ Dev Fin Auth
Exempt Fac Rev Reliant Energy,
Ser B (AMT) 6.750 12/01/36 1,557,580
1,600 Pennsylvania Hsg Fin Agy Single
Family Mtg Rev, Ser 94-A
(AMT) 5.100 10/01/31 1,430,064
9,240 Pennsylvania St Pub Sch Bldg
Auth Lease Rev Sch Dist
Philadelphia Proj, Ser B (FSA
Insd) (b) 4.500 06/01/32 8,768,281
1,000 Philadelphia, PA Auth Indl Dev PA
Arpt Sys Proj, Ser A (FGIC
Insd) (AMT) 5.125 07/01/19 954,860
2,400 Philadelphia, PA Gas Wks Rev
1998 Gen Ordinance, Ser 4
(FSA Insd) 5.250 08/01/22 2,468,976
2,350 Pittsburgh, PA, Ser A (AMBAC
Insd) 5.500 09/01/16 2,426,634
1,580 Ridley k, PA Hosp Auth Rev
Taylor Hosp, Ser A (f) 6.000 12/01/13 1,710,524
--------------
25,020,665
--------------
RHODE ISLAND 0.1%
1,100 Rhode Island Hsg & Mtg Fin Corp
Homeownership Oppty, Ser
57-B (AMT) 5.350 10/01/37 1,001,979
--------------
SOUTH CAROLINA 6.6%
$ 2,375 Berkeley Cnty, SC Sch Dist Ctf
tn Berkeley Sch Fac Grp Inc
(MBIA Insd) (f) 5.250% 02/01/16 $ 2,582,076
3,375 Charleston Ed Excellence Fin
Corp SC Rev (b) 5.250 12/01/25 3,423,431
10,125 Charleston Ed Excellence Fin
Corp SC Rev (b) 5.250 12/01/26 10,270,294
3,490 Charleston Ed Excellence Fin
Corp SC Rev (AGC Insd) (b) 5.250 12/01/28 3,549,156
6,510 Charleston Ed Excellence Fin
Corp SC Rev (AGC Insd) (b) 5.250 12/01/30 6,620,345
1,840 Myrtle Beach, SC Hospitality Fee
Rev, Ser A (FGIC Insd) (a) 5.375 06/01/21 1,917,372
1,935 Myrtle Beach, SC Hospitality Fee
Rev, Ser A (FGIC Insd) (a) 5.375 06/01/22 2,011,839
1,400 South Carolina Jobs Econ Dev
Auth Hlth Fac Rev First Rfdg
First Mtg Wesley Commons
Rfdg 5.300 10/01/36 1,115,282
1,100 South Carolina Jobs Econ Dev
Auth Hlthcare Fac Rev First Mtg
Lutheran Homes Rfdg 5.500 05/01/28 946,253
1,000 South Carolina Jobs Econ Dev
Auth Hlthcare Fac Rev First Mtg
Lutheran Homes Rfdg 5.625 05/01/42 821,620
3,000 South Carolina Jobs Econ Dev
Auth Hosp Fac Rev Palmetto
Hlth Alliance Rfdg, Ser A 6.250 08/01/31 3,033,270
4,500 South Carolina Jobs Econ Dev
Auth Indl Rev Elec & Gas Co
Proj, Ser A (AMBAC Insd) 5.200 11/01/27 4,549,140
SOUTH CAROLINA (CONTINUED)
$ 3,750 South Carolina Jobs Econ Dev
Auth Indl Rev Elec & Gas Co
Proj, Ser B (AMBAC Insd)
(AMT) 5.450% 11/01/32 $ 3,590,250
750 South Carolina Jobs Econ Dev
Auth Rev Woodlands at Furman
Proj, Ser A 6.000 11/15/27 686,340
5,000 Tobacco Settlement Rev Mgmt
Auth SC Tob Settlement Rev
Rfdg 5.000 06/01/18 4,848,600
--------------
49,965,268
--------------
SOUTH DAKOTA 0.9%
2,250 Deadwood, SD Ctf tn (ACA
Insd) 6.375 11/01/20 2,357,752
2,895 South Dakota Hsg Dev Auth
Homeownership Mtg, Ser E
(AMT) (b) 4.625 05/01/36 2,334,889
1,000 South Dakota St Hlth & Ed Fac
Auth Rev Children's Care Hosp
Rfdg (Prerefunded @
11/01/09) 6.125 11/01/29 1,061,340
710 South Dakota St Hlth & Ed Fac
Auth Vocational Ed Pgm, Ser A
(AMBAC Insd) 5.400 08/01/13 719,564
--------------
6,473,545
--------------
TENNESSEE 3.7%
4,345 Chattanooga, TN Hlth Ed & Hsg
Fac Brd Rev CDFI Phase I LLC
Proj Rfdg, Ser A 5.125 10/01/35 3,575,283
11,000 Jackson, TN Hosp Rev Rfdg
Jackson Madison Hosp, Ser B
(AMBAC Insd) (c)(d) 7.000 04/01/41 11,000,000
TENNESSEE (CONTINUED)
$ 3,500 Johnson City, TN Hlth & Ed Fac
Brd Hosp Rev First Mtg Mtn St
Hlth Rfdg, Ser A (MBIA Insd)
(Prerefunded @ 7/01/12) 7.500% 07/01/25 $ 4,015,970
5,345 Johnson City, TN Hlth & Ed Fac
Brd Hosp Rev First Mtg Mtn St
Hlth, Ser A 5.500 07/01/36 4,864,111
4,550 Shelby Cnty, TN Hlth Ed & Hsg
Fac Brd Rev Methodist, Ser B
(FSA Insd) (b) 5.250 09/01/27 4,642,740
--------------
28,098,104
--------------
TEXAS 15.8%
2,375 Alliance Arpt Auth Inc TX Spl Fac
Rev Rfdg FedEx Corp Proj
(AMT) 4.850 04/01/21 2,065,680
300 Brazos Cnty, TX Hlth Fac Dev
Oblig Grp 5.375 01/01/32 287,841
1,155 Dallas Cnty, TX Flood Ctl Dist
Rfdg 6.750 04/01/16 1,217,485
1,050 Dallas-Fort Worth, TX Intl Arpt
Rev Jt, Ser C (MBIA Insd)
(AMT) 5.750 11/01/18 1,055,145
2,000 Dallas-Fort Worth, TX Intl Arpt
Rev Jt, Ser C (MBIA Insd)
(AMT) 6.000 11/01/23 2,008,600
4,000 Dallas-Fort Worth, TX Intl Arpt
Rev Rfdg & Impt, Ser A (BHAC
Insd) (AMT) 5.500 11/01/31 4,000,800
4,000 Dallas-Fort Worth, TX Intl Arpt
Rev, Ser A (FGIC Insd) (AMT) 5.750 11/01/30 3,911,240
7,960 El Paso Cnty, TX Hosp Dist, Ser
A (AGL Insd) (b) 5.000 08/15/37 7,842,546
TEXAS (CONTINUED)
$ 3,730 Fort Bend, TX Indpt Sch Dist
Rfdg & Sch Bldg (PSF Gtd) (b) 5.000% 08/15/27 $ 3,800,910
1,000 Harris Cnty, TX Hlth Fac Dev
Corp Hosp Rev Baylor College
Med, Ser A-4 (AMBAC
Insd) (c) (d) 8.500 11/15/47 1,000,000
1,000 Harris Cnty, TX Hlth Fac Dev
Mem Hermann Hlthcare, Ser A
(Prerefunded @ 6/01/11) 6.375 06/01/29 1,099,150
4,820 Harris Cnty, TX Toll Rd (AMBAC
Insd) (Prerefunded @ 8/15/09) * 08/15/18 2,534,934
1,000 Harris Cnty, TX Toll Rd (AMBAC
Insd) (Prerefunded @ 8/15/09) * 08/15/21 427,830
1,000 Houston, TX Arpt Sys Rev Sub
Lien, Ser A (FSA Insd) (AMT) 5.625 07/01/30 1,002,730
5,105 Houston, TX Hotel Occupancy
Tax & Spl Rev Convention &
Entmt, Ser B (AMBAC Insd) 5.750 09/01/15 5,371,685
225 Houston, TX Pub Impt & Rfdg
(FSA Insd) 5.750 03/01/15 238,491
3,000 Houston, TX Util Sys Rev First
Lien Rfdg, Ser A (FSA Insd) 5.250 05/15/21 3,149,190
12,800 Houston, TX Util Sys Rev Rfdg
Comb First Lien, Ser A (FSA
Insd) (b) 5.000 11/15/36 12,703,273
5,025 Judson, TX Indpt Sch Dist Sch
Bldg (AGL Insd) (b) 5.000 02/01/37 4,942,319
1,650 Lufkin, TX Hlth Fac Dev Corp Hlth
Sys Rev Mem Hlth Sys East
TX 5.500 02/15/32 1,517,472
1,250 Lufkin, TX Hlth Fac Dev Corp Hlth
Sys Rev Mem Hlth Sys East
TX 5.500 02/15/37 1,128,925
TEXAS (CONTINUED)
$ 1,500 Mesquite, TX Hlth Fac Dev
Retirement Fac Christian Care
Ctr 5.625% 02/15/35 $ 1,335,000
1,500 Mesquite, TX Hlth Fac Dev
Retirement Fac Christian Care
Ctr (Prerefunded @ 2/15/10) 7.500 02/15/18 1,629,810
1,100 Metropolitan Hlth Fac Dev Corp
TX Wilson N Jones Mem Hosp
Proj 7.200 01/01/21 1,115,774
1,500 Metropolitan Hlth Fac Dev Corp
TX Wilson N Jones Mem Hosp
Proj 7.250 01/01/31 1,519,095
1,500 Mission, TX Econ Dev Corp Solid
Waste Disp Rev Waste Mgmt
Inc Proj (AMT) 6.000 08/01/20 1,504,800
1,500 North Central, TX Hlth Fac Dev
Corp Rev Hosp Baylor Hlthcare
Sys Proj, Ser A 5.125 05/15/29 1,483,815
5,750 North Central, TX Hlth Fac Dev
Corp Rev Hosp Childrens Med
Ctr Dallas (AMBAC Insd) 5.250 08/15/32 5,757,417
1,500 North TX Twy Auth Rev Rfdg Sys
First Tier, Ser A 5.625 01/01/33 1,493,010
1,000 North TX Twy Auth Rev Rfdg Sys
First Tier, Ser B 5.625 01/01/28 1,012,710
1,000 North TX Twy Auth Rev Rfdg Sys
First Tier, Ser B 6.000 01/01/26 1,046,040
1,420 North TX Twy Auth Rev Rfdg Sys
First Tier, Ser B 6.000 01/01/27 1,480,038
4,300 North TX Twy Auth Rev Toll
Second Tier Rfdg, Ser F 5.750 01/01/33 4,195,166
TEXAS (CONTINUED)
$ 1,000 Tarrant Cnty, TX Cultural Ed Fac
Fin Corp Retirement Fac
Buckingham Sr Living Cmnty
Inc 5.625% 11/15/27 $ 891,080
4,200 Tarrant Cnty, TX Cultural Ed Fac
Fin Corp Retirement Fac
Buckingham Sr Living Cmnty
Inc 5.750 11/15/37 3,611,832
8,000 Tarrant Cnty, TX Cultural Ed Fac
Fin Corp Retirement Fac
Buckner Retirement Svc Inc
Proj 5.250 11/15/37 7,046,720
650 Tarrant Cnty, TX Cultural Ed Fac
Fin Corp Retirement Fac CC
Young Mem Hom Proj 5.750 02/15/25 585,800
3,750 Tarrant Cnty, TX Hlth Fac Dev
Corp Hosp Rev Rfdg Cook
Childrens Med Ctr, Ser B (FSA
Insd) (b) 5.000 12/01/30 3,754,192
8,700 Texas Commn Mobility Fd (b) 5.000 04/01/28 8,880,047
1,305 Texas St Pub Ppty Fin Corp Rev
Mental Hlth & Retardation Rfdg
(FSA Insd) 5.500 09/01/13 1,308,080
2,750 Texas St Vets Housing
Assistance Pgm Vet, Ser B
(FHA Gtd) (AMT) 6.100 06/01/31 2,781,240
1,500 Texas Wtr Dev Brd Rev St
Revolving Fd Sr Lien, Ser B 5.250 07/15/17 1,553,235
4,900 Tyler, TX Hlth Fac Dev Corp Hosp
Rev & Impt East TX Med Ctr
Rfdg, Ser A 5.375 11/01/37 4,233,257
--------------
119,524,404
--------------
UTAH 0.3%
$ 1,000 Utah Hsg Corp Single Family Mtg
Rev, Ser E (AMT) (b) 5.250% 01/01/39 $ 948,817
1,100 Utah St Charter Sch Fin Auth
Charter Sch Rev Summit
Academy, Ser A 5.800 06/15/38 1,021,427
--------------
1,970,244
--------------
VIRGINIA 1.3%
1,320 Fairfax Cnty, VA Ctf tn 5.300 04/15/23 1,351,178
750 Lexington, VA Indl Dev Auth
Residential Care Fac Rev Mtg
Kendal at Lexington, Ser A 5.500 01/01/37 627,600
750 Peninsula Town Ctr Cmnty Dev
Auth VA Spl Oblig 6.450 09/01/37 676,365
800 Tobacco Settlement Fin Corp VA 5.500 06/01/26 884,832
5,475 Virginia St Hsg Auth Dev Comwlth
Mtg, Ser B (AMT) (b) 4.850 01/01/36 4,654,836
2,000 White Oak Vlg Shops VA Cmnty
Dev Auth Spl Assmt Rev
Special Assmt 5.300 03/01/17 1,908,960
--------------
10,103,771
--------------
WASHINGTON 4.0%
2,500 Energy Northwest WA Elec Rev
Proj No 3 Rfdg, Ser A (FSA
Insd) 5.500 07/01/18 2,657,775
5,360 Energy Northwest WA Elec Rev
Proj No 3 Rfdg, Ser B (FSA
Insd) 6.000 07/01/16 5,897,822
2,500 Goat Hill Ppty WA Lease Rev
Govt Office Bldg Proj (MBIA
Insd) 5.000 12/01/33 2,454,025
1,950 Kalispel Tribe Indians Priority Dist
WA Rev 6.625 01/01/28 1,841,697
WASHINGTON (CONTINUED)
$ 1,000 Port Seattle, WA Rev, Ser B
(MBIA Insd) (AMT) 5.625% 02/01/24 $ 1,002,340
1,435 Radford Ct Ppty WA Student Hsg
Rev (MBIA Insd) (a) 6.000 06/01/15 1,525,979
1,585 Radford Ct Ppty WA Student Hsg
Rev (MBIA Insd) (a) 6.000 06/01/16 1,685,489
1,000 Seattle, WA Muni Lt & Pwr Rev 5.625 12/01/18 1,053,480
1,250 Skagit Cnty, WA Pub Hosp Dist
No 001 Rev Skagit Vly Hosp 5.500 12/01/30 1,147,675
1,250 Skagit Cnty, WA Pub Hosp Dist
No 001 Rev Skagit Vly Hosp 5.750 12/01/28 1,202,113
1,140 Skagit Cnty, WA Pub Hosp Dist
No 001 Rev Skagit Vly Hosp 5.750 12/01/32 1,069,092
2,100 Spokane, WA Pub Fac Dist Hotel
(MBIA Insd) 5.750 12/01/21 2,262,267
3,000 Spokane, WA Pub Fac Dist Hotel
Motel & Sales Use Tax (MBIA
Insd) 5.250 09/01/33 3,019,170
2,325 Washington St Hsg Fin Commn
Nonprofit Rev Custodial Rcpt
Wesley Homes, Ser
2007A - 2027 (Acquired 05/07/08,
Cost $2,325,000) (g) 6.000 01/01/27 2,261,783
1,000 Washington St Hsg Fin Commn
Nonprofit Rev Skyline at First
Hill Proj, Ser A 5.625 01/01/38 875,250
--------------
29,955,957
--------------
WEST VIRGINIA 0.7%
250 Ohio Cnty, WV Cnty Commn Tax
Increment Rev Fort Henry Ctr
Fin Dist, Ser A 5.625 06/01/22 251,188
WEST VIRGINIA (CONTINUED)
$ 1,500 Pleasants Cnty, WV Pollutn Ctl
Rev Cnty Comm Allegheny
Rfdg, Ser F 5.250% 10/15/37 $ 1,398,345
1,500 West Virginia St Hosp Fin Auth
Hosp Rev Thomas Hlth Sys 6.000 10/01/20 1,477,620
2,000 West Virginia St Hosp Fin Auth
Hosp Rev Thomas Hlth Sys 6.250 10/01/23 1,978,580
--------------
5,105,733
--------------
WISCONSIN 3.1%
510 Badger Tob Asset Sec Corp WI 6.375 06/01/32 498,046
2,000 Southeast WI Professional
Baseball Pk Dist Sales Tax Rev
Rfdg, Ser A (MBIA Insd) 5.500 12/15/20 2,210,080
7,500 Wisconsin Hsg & Econ Dev Auth
Home Ownership Rev, Ser A
(AMT) (b) 4.750 09/01/33 6,212,501
4,100 Wisconsin Hsg & Econ Dev Auth
Home Ownership Rev, Ser A
(AMT) (b) 5.300 09/01/23 3,972,973
4,895 Wisconsin Hsg & Econ Dev Auth
Home Ownership Rev, Ser A
(AMT) (b) 5.500 09/01/28 4,743,342
6,050 Wisconsin St Hlth & Ed Fac Auth
Rev Ministry Hlth (FSA
Insd) (b) 5.000 08/01/34 5,853,202
300 Wisconsin St Hlth & Ed Fac Auth
Rev Newcastle Place Inc, Ser
A 6.000 12/01/27 273,012
--------------
23,763,156
--------------
WYOMING 0.2%
$ 2,000 Sweetwater Cnty, WY Solid
Waste Disp Rev FMC Corp Proj
Rfdg (AMT) 5.600% 12/01/35 $ 1,778,280
--------------
GUAM 0.8%
5,800 Guam Pwr Auth Rev, Ser A
(AMBAC Insd) 5.250 10/01/34 5,702,328
--------------
PUERTO RICO 0.7%
4,000 Puerto Rico Comwlth Hwy &
Transn Auth Hwy Rev, Ser Y
(FSA Insd) (b) 6.250 07/01/21 4,563,740
1,000 Puerto Rico Indl Tourist Ed Med &
Environmental Ctl Fac Fin Auth
Higher Ed Rev 5.375 02/01/19 1,002,080
50 Puerto Rico Pub Bldg Auth Rev
Govt Fac, Ser I (Comwlth Gtd)
(Prerefunded @ 7/01/14) 5.250 07/01/33 54,207
--------------
5,620,027
--------------
U.S. VIRGIN ISLANDS 0.5%
1,500 Virgin Islands Pub Fin Auth Rev
Gross Rcpt Taxes Ln Nt, Ser A 6.375 10/01/19 1,581,450
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 1,084,430
U.S. VIRGIN ISLANDS (CONTINUED)
$ 1,000 Virgin Islands Pub Fin Auth Rev
Gross Rcpt Taxes Ln Nt, Ser A
(Prerefunded @ 10/01/10) 6.500% 10/01/24 $ 1,098,090
--------------
3,763,970
--------------
TOTAL INVESTMENTS 199.1%
(Cost $1,544,678,882) 1,502,429,768
LIABILITY FOR FLOATING RATE NOTE OBLIGATIONS RELATED TO
SECURITIES HELD (45.7%) (Cost ($344,557,000))
(344,557) Notes with interest rates ranging from 2.23% to 2.76%
at July 31, 2008 and contractual maturities
of collateral ranging from 2021 to 2047 (h) (344,557,000)
--------------
TOTAL NET INVESTMENTS 153.4%
(Cost $1,200,121,882)
1,157,872,768
OTHER ASSETS IN EXCESS OF LIABILITIES 3.5% 26,035,209
PREFERRED SHARES (INCLUDING ACCRUED DISTRIBUTIONS) (56.9%) (429,365,937)
--------------
NET ASSETS APPLICABLE TO COMMON SHARES 100.0% $ 754,542,040
==============
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) Security includes a feature allowing the Trust an option on any interest
rate payment date to offer the security for sale at . The sale is
contingent upon market conditions.
(d) Variable Rate Coupon
(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) Escrowed to Maturity
(g) 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 0.8% of net assets
applicable to common shares.
(h) Floating rate notes. The interest rates shown reflect the rates in effect
at July 31, 2008.
ACA - American Capital Access
AGC - AGC Insured Custody Certificates
AGL - Assured Guaranty Ltd.
AMBAC - AMBAC Indemnity Corp.
AMT - Alternative Minimum Tax
BHAC - Berkshire Hathaway Assurance Corp.
CIFG - CDC IXIS Financial Guaranty
Comwth - Commonwealth of Puerto Rico
FGIC - Financial Guaranty Insurance Co.
FHA - Federal Housing Administration
FSA - Financial Security Assurance Inc.
GNMA - Government National Mortgage Association
MBIA - Municipal Bond Investors Assurance Corp.
PSF - Public School Fund
Radian - Radian Asset Assurance
XLCA - XL Capital Assurance Inc.
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/ Jerry W. Miller
---------------------------------
Name: Jerry W. Miller
Title: Principal Executive Officer
Date: September 18, 2008
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/ Jerry W. Miller
---------------------------------
Name: Jerry W. Miller
Title: Principal Executive Officer
Date: September 18, 2008
By: /s/ Stuart N. Schuldt
---------------------------------
Name: Stuart N. Schuldt
Title: Principal Financial Officer
Date: September 18, 2008