NPORT-EX 2 AVJ1DelInvMNMuniIncFdIIInc..htm avj1-minnesota_mif.htm - Generated by SEC Publisher for SEC Filing

Schedule of investments

Delaware Investments® Minnesota Municipal Income Fund II, Inc.

December 31, 2019 (Unaudited)

  Principal    Value    Principal    Value 
  Amount°    (US $)    Amount°    (US $) 
Municipal Bonds - 141.98%        Municipal Bonds (continued)       
Corporate Revenue Bonds - 1.88%        Education Revenue Bonds (continued)       
Minneapolis Community        Hugo Charter School Lease       
Planning & Economic        Revenue       
Development Department        (Noble Academy Project)       
(Limited Tax Supported        Series A 5.00% 7/1/44  775,000  $  822,298 
Common Bond Fund)        Minneapolis Charter School       
6.25% 12/1/30  1,000,000  $  1,044,580  Lease Revenue       
St. Paul Port Authority Solid        (Hiawatha Academies       
Waste Disposal Revenue                   Project)       
(Gerdau St. Paul Steel Mill        Series A 5.00% 7/1/36  750,000    807,293 
Project) Series 7 144A        Series A 5.00% 7/1/47  900,000    959,436 
4.50% 10/1/37 (AMT) #  2,100,000    2,170,539  Minneapolis Student Housing       
      3,215,119  Revenue       
        (Riverton Community       
Education Revenue Bonds - 22.48%                   Housing Project)       
Bethel Charter School Lease        5.25% 8/1/39  205,000    218,975 
Revenue        5.50% 8/1/49  990,000    1,063,517 
(Spectrum High School               
Project) Series A 4.375%        Minnesota Higher Education       
7/1/52  1,100,000    1,158,740  Facilities Authority Revenue       
Brooklyn Park Charter School        (Bethel University) 5.00%       
Lease Revenue        5/1/47  1,250,000    1,416,600 
(Prairie Seeds Academy        (Carleton College)       
Project)        4.00% 3/1/36  485,000    547,929 
Series A 5.00% 3/1/34  990,000    1,021,710  5.00% 3/1/44  905,000    1,077,430 
Series A 5.00% 3/1/39  170,000    173,788  (College of St. Benedict)       
Cologne Charter School Lease        4.00% 3/1/36  410,000    445,572 
Revenue        (Gustavus Adolphus       
(Cologne Academy Project)        College) 5.00% 10/1/47  2,600,000    3,032,172 
Series A 5.00% 7/1/29  270,000    293,376  (Macalester College)       
Series A 5.00% 7/1/45  445,000    471,206  4.00% 3/1/42  900,000    987,102 
Deephaven Charter School        4.00% 3/1/48  600,000    654,216 
(Eagle Ridge Academy        (St. Catherine University)       
          Project)        Series A 4.00% 10/1/38  920,000    988,356 
Series A 5.25% 7/1/37  590,000    642,127  Series A 5.00% 10/1/45  785,000    910,105 
Series A 5.25% 7/1/40  500,000    542,090  (St. Johns University)       
Duluth Housing &        Series 8-I 5.00% 10/1/31  235,000    274,104 
Redevelopment Authority        Series 8-I 5.00% 10/1/34  35,000    40,634 
(Duluth Public Schools        (St. Olaf College) Series       
Academy Project) Series A        8-N 4.00% 10/1/35  590,000    660,275 
5.00% 11/1/48  1,200,000    1,317,348  (Trustees Of The Hamline       
Forest Lake Minnesota        University Of Minnesota)       
Charter School Revenue        Series B 5.00% 10/1/47  1,055,000    1,179,195 
(Lake International        (University of St. Thomas)       
           Language Academy)        4.00% 10/1/44  645,000    724,064 
Series A 5.375% 8/1/50  915,000    1,022,851  5.00% 10/1/40  750,000    925,440 
Series A 5.75% 8/1/44  705,000    756,648  Series 7-U 5.00% 4/1/22  750,000    813,233 
Hugo Charter School Lease        Minnesota Higher Education       
Revenue        Facilities Authority Revenue       
(Noble Academy Project)        (University of St. Thomas)       
Series A 5.00% 7/1/34  255,000    273,962  Series A 4.00% 10/1/37  500,000    556,735 

 

(continues) NQ-OVJ [12/19] 2/20 (1080114) 1

 

Schedule of investments

Delaware Investments® Minnesota Municipal Income Fund II, Inc. (Unaudited)

    Principal    Value      Principal    Value 
    Amount°    (US $)      Amount°    (US $) 
Municipal Bonds (continued)         Municipal Bonds (continued)        
Education Revenue Bonds (continued)         Electric Revenue Bonds (continued)        
Otsego Charter School         Minnesota Municipal Power        
(Kaleidoscope Charter         Agency Electric Revenue        
School)         5.00% 10/1/25   500,000  $  584,125 
Series A 5.00% 9/1/34   230,000  $  241,776  5.00% 10/1/26   500,000    582,685 
Series A 5.00% 9/1/44   400,000    414,940  5.00% 10/1/27   320,000    371,680 
Rice County Educational         5.00% 10/1/47   1,755,000    2,053,648 
Facilities Revenue         Northern Municipal Power        
(Shattuck-St. Mary’s         Agency        
School) Series A 144A         Series A 5.00% 1/1/26   100,000    110,578 
5.00% 8/1/22 #   1,250,000    1,310,150  Series A 5.00% 1/1/30   340,000    372,388 
St. Cloud Charter School         Puerto Rico Electric Power        
Lease Revenue         Authority Revenue        
(Stride Academy Project)         Series CCC 5.25%        
Series A 5.00% 4/1/46   375,000    250,687  7/1/27 ‡  545,000    415,563 
St. Paul Housing &         Series WW 5.00%        
Redevelopment Authority         7/1/28 ‡  770,000    585,200 
Charter School Lease                  
Revenue         Rochester Electric Utility        
(Academia Cesar Chavez         Revenue        
School Project) Series A         Series A 5.00% 12/1/42   605,000    714,136 
5.25% 7/1/50   825,000    870,004  Series A 5.00% 12/1/47   985,000    1,158,468 
(Great River School Project)         Series B 5.00% 12/1/30   1,300,000    1,472,341 
Series A 144A 4.75%         Series B 5.00% 12/1/43   1,000,000    1,122,630 
7/1/29 #  200,000    213,500  Southern Minnesota        
Series A 144A 5.50%         Municipal Power Agency        
7/1/38 #  240,000    260,846  Supply Revenue        
(Nova Classical Academy         Series A 5.00% 1/1/41   240,000    278,069 
Project)         Series A 5.00% 1/1/47   1,650,000    1,976,155 
Series A 4.125% 9/1/47   750,000    777,870  St. Paul Housing &        
Series A 6.375% 9/1/31   750,000    799,980  Redevelopment Authority        
(Twin Cities Academy         Charter School Lease        
Project) Series A 5.30%         Revenue        
7/1/45   630,000    678,082  Series A 4.00% 10/1/33   285,000    315,686 
University of Minnesota         Series B 4.00% 10/1/37   800,000    874,200 
Series A 5.00% 9/1/40   1,240,000    1,508,621  Western Minnesota Municipal        
Series A 5.00% 9/1/42   2,000,000    2,422,960  Power Agency Supply        
Series A 5.00% 4/1/44   1,500,000    1,859,505  Revenue        
          Series A 5.00% 1/1/25   3,000,000    3,339,780 
        38,387,448  Series A 5.00% 1/1/26   1,000,000    1,112,320 
Electric Revenue Bonds - 14.59%         Western Minnesota Municipal        
Central Minnesota Municipal         Power Agency Supply        
Power Agency Revenue         Revenue        
(Brookings Southeast Twin         Series A 5.00% 1/1/49   3,860,000    4,683,338 
Cities Transportation)                  
5.00% 1/1/32   1,130,000    1,210,072          24,925,620 
(Brookings Twin Cities         Healthcare Revenue Bonds - 37.67%        
Transmission Project)         Anoka Health Care Facilities        
5.00% 1/1/42   1,000,000    1,064,650  Revenue        
Chaska Electric Revenue         5.375% 11/1/34   610,000    659,245 
Series A 5.00% 10/1/28   445,000    527,908           

 

2 NQ-OVJ [12/19] 2/20 (1080114)

 

(Unaudited)

    Principal    Value    Principal    Value 
    Amount°    (US $)    Amount°    (US $) 
Municipal Bonds (continued)         Municipal Bonds (continued)       
Healthcare Revenue Bonds (continued)      Healthcare Revenue Bonds (continued)     
   Apple Valley Senior Housing         Deephaven Housing &       
       Revenue         Healthcare Revenue       
(PHS Senior Housing, Inc.         (St. Therese Senior Living       
          Orchard Path Project)                     Project)       
       4.50% 9/1/53   1,160,000  $  1,206,354  Series A 5.00% 4/1/38  280,000  $  285,858 
       5.00% 9/1/58   1,605,000    1,720,432  Series A 5.00% 4/1/40  270,000    275,484 
   Apple Valley Senior Living         Duluth Economic       
       Revenue         Development Authority       
(Senior Living LLC Project)         (Essentia Health Obligated       
       Series B 5.00% 1/1/47   750,000    612,593  Group) Series A 5.00%       
       Series D 7.00% 1/1/37   720,000    709,466  2/15/48  810,000    959,372 
       Series D 7.25% 1/1/52   1,000,000    991,390  (St. Luke’s Hospital       
   Bethel Housing & Health Care                    Authority Obligation       
Facilities Revenue                    Group)       
(Benedictine Health         5.75% 6/15/32  1,400,000    1,517,670 
System- St. Peter         6.00% 6/15/39  1,000,000    1,092,130 
Communities Project)         Hayward       
Series A 5.50% 12/1/48   500,000    525,475  (American Baptist Homes       
   Center City Health Care         Midwest) 5.75% 2/1/44  500,000    524,105 
Facilities Revenue         Hayward Health Care       
(Hazelden Betty Ford         Facilities Revenue       
       Foundation Project) 5.00%         (St. John’s Lutheran Home       
       11/1/27   500,000    573,675  of Albert Lea)       
   City of Bethel         5.375% 10/1/44  260,000    270,278 
(The Lodge at Lakes at         Maple Grove Health Care       
Stillwater Project) 5.25%         Facilities Revenue       
       6/1/58   900,000    951,822  (Maple Grove Hospital       
   City of Center City, Minnesota         Corporation) 4.00%       
Healthcare Facilities         5/1/37  1,000,000    1,091,940 
Revenue Refunding         (North Memorial Health       
(Hazelden Betty Ford         Care) 5.00% 9/1/30  865,000    1,006,652 
       Foundation Project) 4.00%         Maple Plain Senior Housing &       
       11/1/41   200,000    222,768  Health Care Revenue       
   City of Crookston, Minnesota         (Haven Homes Project)       
Health Care Facilities         5.00% 7/1/54  1,500,000    1,599,300 
       Revenue         Minneapolis Health Care       
(Riverview Health Project)         System Revenue       
       5.00% 5/1/51   1,390,000    1,503,396  (Fairview Health Services)       
   Cloquet Housing Facilities         Series A 4.00% 11/15/48  2,855,000    3,148,722 
       Revenue         Series A 5.00% 11/15/33  500,000    587,850 
       (HADC Cloquet Project)         Series A 5.00% 11/15/34  500,000    585,600 
       Series A 5.00% 8/1/48   500,000    507,860  Series A 5.00% 11/15/49  2,000,000    2,379,520 
   Dakota County Community         Minneapolis Senior Housing &       
Development Agency         Healthcare Revenue       
       Senior Housing Revenue         (Ecumen Mill City Quarter)       
(Walker Highview Hills         5.25% 11/1/45  850,000    889,491 
           Project)         5.375% 11/1/50  200,000    209,748 
Series A 144A 5.00%         (Ecumen-Abiitan Mill City       
       8/1/46 # 370,000    384,855  Project) 5.00% 11/1/35  220,000    230,835 
Series A 144A 5.00%                
       8/1/51 # 755,000    783,418         

 

(continues) NQ-OVJ [12/19] 2/20 (1080114) 3

 

Schedule of investments

Delaware Investments® Minnesota Municipal Income Fund II, Inc. (Unaudited)

  Principal    Value    Principal    Value 
  Amount°    (US $)    Amount°    (US $) 
Municipal Bonds (continued)        Municipal Bonds (continued)       
Healthcare Revenue Bonds (continued)      Healthcare Revenue Bonds (continued)     
Minneapolis - St. Paul        St. Paul Housing &       
Housing & Redevelopment        Redevelopment Authority       
Authority Health Care        Health Care Facilities       
Revenue        Revenue       
(Allina Health System)        (Fairview Health Services)       
Series A 5.00% 11/15/29  585,000  $  716,613  Series A 4.00% 11/15/43  905,000  $  995,862 
(Children’s Health Care        Series A 5.00% 11/15/47  680,000    802,026 
Facilities) Series A1 5.00%        (Health Partners Obligation       
8/15/34 (AGM)  500,000    510,290              Group Project)       
Rochester Health Care &        5.00% 7/1/29  2,000,000    2,330,380 
Housing Revenue        Series A 5.00% 7/1/32  1,100,000    1,260,523 
(The Homestead at        St. Paul Housing &       
Rochester Project) Series A        Redevelopment Authority       
6.875% 12/1/48  1,220,000    1,326,433  Housing & Health Care       
Rochester Health Care        Facilities Revenue       
Facilities Revenue        (Senior Episcopal Homes       
(Mayo Clinic) 4.00%                     Project)       
11/15/41  4,860,000    5,096,682  5.125% 5/1/48  1,200,000    1,230,696 
Sartell Health Care Facilities        Series A 4.75% 11/1/31  740,000    743,715 
Revenue        Wayzata Senior Housing       
(Country Manor Campus        Revenue       
Project)        (Folkestone Senior Living       
5.25% 9/1/30  1,000,000    1,069,010             Community)       
Series A 5.30% 9/1/37  600,000    652,044  3.75% 8/1/37  500,000    514,990 
Shakopee Health Care        4.00% 8/1/38  250,000    260,567 
Facilities Revenue        4.00% 8/1/44  350,000    362,905 
(St. Francis Regional        5.00% 8/1/54  400,000    438,600 
Medical Center)        Winona Health Care Facilities       
4.00% 9/1/31  205,000    219,448  Revenue       
5.00% 9/1/34  165,000    184,081  (Winona Health Obligation)       
St. Cloud Health Care        4.65% 7/1/26  465,000    479,517 
Revenue        4.75% 7/1/27  785,000    810,552 
(Centracare Health System               
Project)        5.00% 7/1/34  750,000    774,113 
4.00% 5/1/49  1,585,000    1,742,359  Woodbury Housing &       
        Redevelopment Authority       
5.00% 5/1/48  3,150,000    3,804,287  Revenue       
St. Cloud Health Care        (St. Therese of Woodbury)       
Revenue        5.125% 12/1/44  1,250,000    1,315,513 
(Centracare Health System               
Project)              64,332,310 
Series A 4.00% 5/1/37  1,295,000    1,418,893  Housing Revenue Bonds - 1.69%       
Series A 5.00% 5/1/46  4,800,000    5,554,512  Minnesota Housing Finance       
Series B 5.00% 5/1/24  1,400,000    1,614,228  Agency       
(Unrefunded - Centracare        (Non Ace - State       
Health System Project)        Appropriated Housing)       
5.125% 5/1/30  95,000    96,167  5.00% 8/1/33  1,390,000    1,601,530 

 

4 NQ-OVJ [12/19] 2/20 (1080114)

 

(Unaudited)

    Principal    Value    Principal    Value 
    Amount°    (US $)    Amount°    (US $) 
Municipal Bonds (continued)         Municipal Bonds (continued)       
Housing Revenue Bonds (continued)         Local General Obligation Bonds (continued)     
   Minnesota State Housing         Duluth, Minnesota       
       Finance Agency         (Improvement DECC)       
Homeownership         Series A 5.00% 2/1/34  545,000  $  647,585 
(Mortgage-Backed         Edina Independent School       
       Securities Program) 4.40%         District No. 273       
       7/1/32 (GNMA) (FNMA) 690,000  $  694,043  Series A 5.00% 2/1/27  1,500,000    1,780,860 
   Northwest Multi-County         Hennepin County       
       Housing & Redevelopment         Series A 5.00% 12/1/36  1,190,000    1,445,802 
       Authority         Series A 5.00% 12/1/37  1,240,000    1,529,763 
       (Pooled Housing Program)         Series A 5.00% 12/1/41  1,060,000    1,272,858 
       5.50% 7/1/45   560,000    595,459         
          Hopkins Independent School       
        2,891,032  District No. 270       
Lease Revenue Bonds - 9.62%         Series A 5.00% 2/1/28  1,000,000    1,040,010 
   Minnesota State General         Mahtomedi Independent       
       Fund Revenue         School District No. 832       
       Appropriations         (School Building) Series A       
       Series A 5.00% 6/1/32   780,000    872,524  5.00% 2/1/28  515,000    609,472 
       Series A 5.00% 6/1/38   5,500,000    6,111,600  Minneapolis Special School       
       Series A 5.00% 6/1/43   1,750,000    1,935,780  District No. 1       
       Series B 5.00% 3/1/29   1,000,000    1,078,540  Series A 4.00% 2/1/36  190,000    218,342 
   Minnesota State Housing         Series A 4.00% 2/1/37  250,000    285,983 
       Finance Agency         Series A 4.00% 2/1/38  260,000    296,184 
(Non Ace - State         Series B 4.00% 2/1/36  400,000    459,668 
       Appropriated Housing)         Series B 4.00% 2/1/37  530,000    605,817 
       Series C 5.00% 8/1/36   1,000,000    1,146,930  Series B 4.00% 2/1/38  550,000    626,543 
University of Minnesota         Mounds View Independent       
Special Purpose Revenue         School District No. 621       
(State Supported Biomed         (School Building) Series A       
          Science Research)         4.00% 2/1/43  2,000,000    2,193,620 
       5.00% 8/1/35   1,040,000    1,062,069  St. Michael-Albertville       
       5.00% 8/1/36   4,000,000    4,219,960  Independent School District       
          No. 885       
        16,427,403  (School Building) Series A       
Local General Obligation Bonds - 13.76%      5.00% 2/1/27  1,300,000    1,574,352 
   Brainerd Independent School         St. Paul Independent School       
       District No. 181         District No. 625       
       (General Obligation School         (School Building) Series B       
          Building Bonds)         5.00% 2/1/26  1,000,000    1,115,950 
       Series A 4.00% 2/1/38   1,500,000    1,665,360  Willmar       
       Series A 4.00% 2/1/43   1,500,000    1,647,255  (Rice Memorial Hospital       
   Burnsville-Eagan-Savage         Project) Series A 4.00%       
       Independent School District         2/1/32  2,440,000    2,495,705 
       No 191               23,502,266 
       (Alternative Facilities)                
       Series A 4.00% 2/1/28   1,185,000    1,320,943         
   Duluth Independent School                
       District No 709                
       Series A 4.00% 2/1/27   600,000    670,194         

 

(continues) NQ-OVJ [12/19] 2/20 (1080114) 5

 

Schedule of investments

Delaware Investments® Minnesota Municipal Income Fund II, Inc. (Unaudited)

    Principal   Value    Principal    Value 
    Amount°   (US $)    Amount°    (US $) 
Municipal Bonds (continued)         Municipal Bonds (continued)       
Pre-Refunded/Escrowed to Maturity Bonds - 14.27%     Special Tax Revenue Bonds - 2.33%       
   Dakota-Washington Counties         Guam Government Business       
       Housing & Redevelopment         Privilege Tax Revenue       
Authority Single Family         Series A 5.25% 1/1/36  150,000  $  157,837 
Residential Mortgage         Minneapolis Revenue       
       Revenue         (YMCA Greater Twin Cities       
(City of Bloomington)         Project) 4.00% 6/1/29  165,000    182,143 
Series B 8.375% 9/1/21         Puerto Rico Sales Tax       
       (GNMA) (AMT)   7,055,000 $  7,825,265  Financing Revenue       
   Deephaven Charter School         (Restructured)       
(Eagle Ridge Academy         Series A-1 4.55% 7/1/40  1,250,000    1,297,275 
Project) Series A 5.50%         Series A-1 4.75% 7/1/53  1,000,000    1,046,520 
       7/1/43-23 § 500,000   574,290  Series A-1 5.00% 7/1/58  200,000    212,706 
   Minnesota Higher Education         St. Paul Sales Tax Revenue       
       Facilities Authority Revenue                
(College of St. Benedict)         Series G 5.00% 11/1/30  935,000    1,082,384 
Series 7-M 5.125%               3,978,865 
       3/1/36-20 § 275,000   276,768  State General Obligation Bonds - 12.38%     
(St. Catherine University)         Minnesota State       
Series 7-Q 5.00%                
       10/1/32-22 § 700,000   770,791  Series A 5.00% 8/1/29  700,000    835,065 
   St. Cloud Health Care         Series A 5.00% 8/1/39  1,050,000    1,329,059 
       Revenue         Series E 5.00% 10/1/26  1,480,000    1,839,374 
       (Centracare Health System         (State Trunk Highway)       
Project) Series A 5.125%         Series B 5.00% 10/1/22  5,500,000    5,874,330 
       5/1/30-20 § 1,830,000   1,854,247  Series B 5.00% 10/1/29  3,315,000    3,529,315 
   St. Paul Housing &         Minnesota State       
Redevelopment Authority         (Various Purposes)       
       Hospital Facility         Series A 5.00% 8/1/38  500,000    623,475 
(Healtheast Care System         Series D 5.00% 8/1/24  2,635,000    2,694,156 
          Project)         Series F 5.00% 10/1/22  4,000,000    4,424,920 
       Series A 5.00%                
       11/15/29-25 § 395,000   478,286        21,149,694 
       Series A 5.00%         Transportation Revenue Bonds - 8.15%     
       11/15/30-25 § 290,000   351,147  Minneapolis - St. Paul       
University of Minnesota         Metropolitan Airports       
Series A 5.50% 7/1/21   2,815,000   2,931,147  Commission Revenue       
       Series D 5.00%         (Subordinate)       
       12/1/27-21 § 1,110,000   1,191,851  5.00% 1/1/22  670,000    696,592 
       Series D 5.00%         Series A 5.00% 1/1/31  410,000    500,487 
       12/1/36-21 § 3,000,000   3,221,220  Series A 5.00% 1/1/32  1,255,000    1,528,364 
   Western Minnesota Municipal         Series A 5.00% 1/1/49  2,000,000    2,460,200 
Power Agency Supply         Series B 5.00% 1/1/26  540,000    581,305 
       Revenue         Series B 5.00% 1/1/26       
       Series A 5.00%         (AMT)  500,000    569,905 
       1/1/33-24 § 1,000,000   1,153,700  Series B 5.00% 1/1/27  1,190,000    1,279,547 
       Series A 5.00%         Series B 5.00% 1/1/30  500,000    535,775 
       1/1/40-24 § 750,000   865,275  Series B 5.00% 1/1/31  250,000    267,580 
       Series A 5.00%         Series C 5.00% 1/1/33  2,000,000    2,428,920 
       1/1/46-24 § 2,500,000   2,884,250  Series C 5.00% 1/1/36  1,000,000    1,206,750 
        24,378,237  Series C 5.00% 1/1/46  1,245,000    1,472,822 

 

6 NQ-OVJ [12/19] 2/20 (1080114)

 

(Unaudited)

  Principal    Value      
  Amount°    (US $)   #  Security exempt from registration under Rule 144A of the Securities 
            Act of 1933, as amended. At Dec. 31, 2019, the aggregate value 
Municipal Bonds (continued)            of Rule 144A securities was $5,123,308, which represents 3.00% 
Transportation Revenue Bonds (continued)          of the Fund’s net assets. 
St. Paul Port Authority          ¤  Tax-exempt obligations that contain a floating or variable interest 
Revenue            rate adjustment formula and an unconditional right of demand to 
(Amherst H. Wilder            receive payment of the unpaid principal balance plus accrued interest 
Foundation) Series 3            upon a short notice period (generally up to 30 days) prior to specified 
5.00% 12/1/36  380,000  $ 384,199     dates either from the issuer or by drawing on a bank letter of credit, 
      13,912,446     a guarantee, or insurance issued with respect to such instrument. 
Water & Sewer Revenue Bonds - 3.16%          Each rate shown is as of Dec. 31, 2019. 
Guam Government          §  Pre-refunded bonds. Municipal bonds that are generally backed or 
Waterworks Authority            secured by US Treasury bonds. For pre-refunded bonds, the stated 
5.00% 7/1/40  840,000    968,638     maturity is followed by the year in which the bond will be pre- 
Metropolitan Council Waste            refunded. 
Water Revenue          °  Principal amount shown is stated in USD unless noted that the security 
Series B 4.00% 9/1/27  1,145,000    1,229,077     is denominated in another currency. 
Series C 4.00% 3/1/31  1,355,000    1,571,895   ‡  Non-income producing security. Security is currently in default. 
Series C 4.00% 3/1/32  1,405,000    1,623,716      
          Summary of abbreviations: 
      5,393,326   AGM - Insured by Assured Guaranty Municipal 
Total Municipal Bonds                   Corporation 
(cost $230,511,263)      242,493,766   AMT - Subject to Alternative Minimum Tax 
          FNMA - Federal National Mortgage Association Collateral 
Short-Term Investment - 0.06%          GNMA - Government National Mortgage Association 
Variable Rate Demand Note - 0.06%¤                   Collateral 
Minneapolis - St. Paul          LOC - Letter of Credit 
Housing & Redevelopment          N.A. - National Association 
Authority Health Care          USD - United States Dollar 
Facilities Revenue             
Series B-2 (Allina Health             
System)             
1.70% 11/15/35             
(LOC – JPMorgan Chase             
Bank N.A. )  100,000    100,000      
Total Short-Term Investment             
(cost $100,000)      100,000      
 
Total Value of             
Securities - 142.04%             
(cost $230,611,263)      242,593,766      
Liquidation Value of             
Preferred             
Stock - (43.91%)      (75,000,000)    
Receivables and Other             
Assets Net of             
Liabilities - 1.87%      3,194,587      
Net Assets Applicable to             
11,504,975 Shares             
Outstanding - 100.00%    $ 170,788,353      

 

NQ-OVJ [12/19] 2/20 (1080114) 7