Key Characteristics as of 3/31/12
| Top Ten Holdings1 |
| |
Coupon |
Maturity Date |
|
| New York St. Dorm. Auth. Revs. St. Supp. Debt. |
5.000 |
5/15/2025 |
0.91% |
| Illinois St. G.O. |
5.000 |
1/1/2019 |
0.84% |
| Tex. Private Activity Bd. Surface Transn. Corp. |
6.880 |
12/31/2039 |
0.79% |
| Illinois St. G.O. |
5.000 |
3/1/2017 |
0.75% |
| California St. Var. Purp. G.O. |
5.130 |
4/1/2033 |
0.70% |
| St. John The Baptist Parish LA Rev. |
5.130 |
6/1/2037 |
0.68% |
| Wayne Cnty. MI Arpt. Auth. Rev. |
5.000 |
12/1/2020 |
0.65% |
| Metropolitan Transn. Auth. NY Rev. |
5.000 |
11/15/2024 |
0.64% |
| Dallas-Fort Worth Tex. Intl. Arpt. Rev. |
5.000 |
11/1/2023 |
0.63% |
| Hawaii St. G.O. |
5.000 |
12/1/2031 |
0.63% |
| Total |
|
|
7.23% |
| View Full Quarterly Holdings
|  |
| Characteristics |
| Number of Positions |
227 |
| Average Maturity (Years) |
15.69 |
| Average Duration (Years) |
5.5 |
| Beta5 |
1.14 |
| R-Squared5 |
0.98 |
| Top Ten State Allocations2 |
| Texas |
9.1% |
| Puerto Rico |
8.3% |
| California |
8.1% |
| New York |
7.9% |
| Massachusetts |
4.5% |
| Florida |
4.1% |
| Illinois |
4.0% |
| New Jersey |
3.8% |
| Georgia |
3.0% |
| Washington |
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 3/31/12, and for the three-year period.
