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Investment in Bond
3 Months Ended
Sep. 29, 2011
Investment in Bond 
Investment in Bond
4.     Investment in Bond




The Trust carries its investment in bond as available-for-sale because such investment is used to facilitate and provide flexibility for its obligations, including resolving circumstances that may arise in connection with the Local Partnerships.  Investment in bond is reflected in the accompanying unaudited balance sheets at estimated fair value and is classified within Level 1 of the fair value hierarchy of the guidance on Fair Value Measurements (see Note 3).  The bond was called on October 3, 2011; accordingly, there is no accumulated other comprehensive income or loss associated with the Trust’s investment in bond in the accompanying unaudited balance sheet as of September 29, 2011.  The Trust’s cumulative annualized return on the bond for the sixteen month holding period totaled approximately 2.94%.