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invesco.com/us
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MS-CE-MIP-QTR-1 11/11 | Invesco Advisers, Inc. |
Principal | ||||||||||||||||
Interest | Maturity | Amount | ||||||||||||||
Rate | Date | (000) | Value | |||||||||||||
Municipal Obligations166.80% |
||||||||||||||||
Alabama2.25% |
||||||||||||||||
Birmingham (City of) Airport Authority; Series 2010, RB (INS-AGM) (a) |
5.25 | % | 07/01/30 | $ | 450 | $ | 470,700 | |||||||||
University of Alabama Board of Trustees; Series 2004 A, General RB (INS-NATL) (a) |
5.25 | % | 07/01/20 | 2,500 | 2,723,575 | |||||||||||
3,194,275 | ||||||||||||||||
Alaska0.67% |
||||||||||||||||
Alaska (State of) Industrial Development & Export Authority (Providence Health & Services);
Series 2011 A, RB |
5.50 | % | 10/01/41 | 900 | 952,857 | |||||||||||
Arizona7.65% |
||||||||||||||||
Arizona (State of) Transportation Board; Series 2011 A, Ref. Sub. Highway RB |
5.00 | % | 07/01/36 | 750 | 793,582 | |||||||||||
Glendale (City of) Industrial Development Authority (John C. Lincoln Health Network); Series 2005
B, Ref. Hospital RB |
5.00 | % | 12/01/37 | 1,075 | 926,155 | |||||||||||
Maricopa County Pollution Control Corp. (Arizona Public Service Co. Palo Verde); Series 2009 A,
Ref. PCR (b)(c) |
6.00 | % | 05/01/14 | 300 | 328,215 | |||||||||||
Pima (County of) Industrial Development Authority (Tuscon Electric Power Co.); Series 2010 A, IDR |
5.25 | % | 10/01/40 | 550 | 541,129 | |||||||||||
Salt River Project Agricultural Improvement & Power District; Series 2002 B, Electric System RB
(d) |
5.00 | % | 01/01/31 | 8,000 | 8,256,000 | |||||||||||
10,845,081 | ||||||||||||||||
California16.75% |
||||||||||||||||
California (State of) Infrastructure & Economic Development Bank (The Scripps Research
Institute); Series 2005 A, RB |
5.00 | % | 07/01/29 | 2,000 | 2,050,340 | |||||||||||
Camarillo (City of) Public Finance Authority; Series 2005, Wastewater RB (INS-AMBAC)
(a) |
5.00 | % | 06/01/36 | 2,000 | 2,029,360 | |||||||||||
East Bay Municipal Utility District; Series 2010 A, Ref. Sub. Water System RB |
5.00 | % | 06/01/36 | 1,050 | 1,119,982 | |||||||||||
Golden State Tobacco Securitization Corp.; Series 2005 A, Enhanced Tobacco Settlement
Asset-Backed RB |
5.00 | % | 06/01/45 | 2,000 | 1,832,040 | |||||||||||
Kern (County of) Board of Education; Series 2006 A, Ref. COP (INS-NATL) (a) |
5.00 | % | 06/01/31 | 1,000 | 948,090 | |||||||||||
Los Angeles (City of) Department of Water & Power; Series 2004 C, Water System RB (INS-NATL)
(a)(d) |
5.00 | % | 07/01/25 | 3,000 | 3,249,780 | |||||||||||
Oakland (Port of); |
||||||||||||||||
Series 2002 L, RB (c)(e)(f) |
5.00 | % | 11/01/12 | 110 | 114,595 | |||||||||||
Series 2002 L, RB (INS-NATL) (a)(e) |
5.00 | % | 11/01/21 | 890 | 899,381 | |||||||||||
Oxnard (City of) Financing Authority (Redwood Trunk Sewer & Headworks); Series 2004 A, Wastewater
RB (INS-NATL) (a) |
5.00 | % | 06/01/29 | 3,000 | 3,065,190 | |||||||||||
Sacramento (County of); Series 2010, Sr. Airport System RB |
5.00 | % | 07/01/40 | 650 | 656,071 | |||||||||||
San Diego (County of) Water Authority; Series 2004 A, Water Revenue COP (INS-AGM)
(a)(d) |
5.00 | % | 05/01/29 | 3,000 | 3,101,190 | |||||||||||
San Diego Community College District (Election of 2006); Series 2011, Unlimited Tax GO Bonds |
5.00 | % | 08/01/36 | 660 | 699,679 | |||||||||||
San Francisco (City & County of) (Laguna Honda Hospital); Series 2008 R3, Ref. Unlimited Tax GO
Bonds (INS-AGC) (a)(d) |
5.00 | % | 06/15/28 | 460 | 481,615 | |||||||||||
San Francisco (City & County of) Airport Commission (San Francisco International Airport); |
||||||||||||||||
Second Series 2011 F, Ref. RB (e) |
5.00 | % | 05/01/25 | 220 | 229,478 | |||||||||||
Second Series 2011 F, Ref. RB (e) |
5.00 | % | 05/01/26 | 440 | 455,184 | |||||||||||
San Francisco (City & County of) Public Utilities Commission (Water System Improvement Program);
Subseries 2011 A, Water RB |
5.00 | % | 11/01/36 | 945 | 991,305 | |||||||||||
Twin Rivers Unified School District; Series 2009, Unlimited Tax CAB GO BAN (g) |
0.00 | % | 04/01/14 | 600 | 566,100 | |||||||||||
William S. Hart Union High School District (Election of 2008); Series 2009 A, Unlimited Tax CAB
GO Bonds (g) |
0.00 | % | 08/01/32 | 4,650 | 1,250,757 | |||||||||||
23,740,137 | ||||||||||||||||
Principal | ||||||||||||||||
Interest | Maturity | Amount | ||||||||||||||
Rate | Date | (000) | Value | |||||||||||||
Colorado6.09% |
||||||||||||||||
Colorado (State of) Health Facilities Authority (Catholic Health Initiatives); Series 2009 A, RB |
5.00 | % | 07/01/39 | $ | 1,500 | $ | 1,502,280 | |||||||||
Denver (City of) Convention Center Hotel Authority; Series 2006, Ref. Sr. RB (INS-SGI) (a) |
5.00 | % | 12/01/30 | 2,000 | 1,843,160 | |||||||||||
Fort Collins (City of); |
||||||||||||||||
Series 2004 A, Lease COP (INS-AMBAC) (a) |
5.38 | % | 06/01/21 | 2,040 | 2,222,315 | |||||||||||
Series 2004 A, Lease COP (INS-AMBAC) (a) |
5.38 | % | 06/01/22 | 2,155 | 2,344,101 | |||||||||||
Regional Transportation District (Denver Transit Partners, LLC Eagle P3); Series 2010, Private Activity RB |
6.00 | % | 01/15/41 | 700 | 712,187 | |||||||||||
8,624,043 | ||||||||||||||||
Connecticut0.76% |
||||||||||||||||
Connecticut (State of) Development Authority (Aquarion Water Co.); Series 2011, Water Facilities RB
(e) |
5.50 | % | 04/01/21 | 1,000 | 1,072,330 | |||||||||||
District of Columbia3.23% |
||||||||||||||||
District of Columbia; |
||||||||||||||||
Series 2006 B-1, Ballpark RB (INS-NATL) (a) |
5.00 | % | 02/01/31 | 3,000 | 2,940,000 | |||||||||||
Series 2008 E, Unlimited Tax GO Bonds (INS-BHAC) (a)(d) |
5.00 | % | 06/01/26 | 380 | 411,171 | |||||||||||
Series 2008 E, Unlimited Tax GO Bonds (INS-BHAC) (a)(d) |
5.00 | % | 06/01/27 | 380 | 408,660 | |||||||||||
Series 2008 E, Unlimited Tax GO Bonds (INS-BHAC) (a)(d) |
5.00 | % | 06/01/28 | 760 | 812,789 | |||||||||||
4,572,620 | ||||||||||||||||
Florida18.54% |
||||||||||||||||
Broward (County of) Educational Facilities Authority (Nova Southeastern University); Series 2006, RB (INS-AGC)
(a) |
5.00 | % | 04/01/31 | 2,000 | 2,025,900 | |||||||||||
Florida (State of) Ports Financing Commission (State Transportation Trust Fund); Series 2011 B, Ref. RB
(e) |
5.13 | % | 06/01/27 | 480 | 512,750 | |||||||||||
JEA; Series 2005 B, Water & Sewer System RB (INS-NATL) (a) |
5.00 | % | 10/01/24 | 2,460 | 2,582,927 | |||||||||||
Miami-Dade (County of) (Florida Public Improvement); Series 1988 DD, Unlimited Tax GO Bonds (INS-AMBAC)
(a) |
7.75 | % | 10/01/15 | 830 | 1,019,165 | |||||||||||
Miami-Dade (County of) (Miami International Airport); |
||||||||||||||||
Series 2000 B, Aviation RB (INS-NATL) (a) |
5.75 | % | 10/01/24 | 2,500 | 2,521,350 | |||||||||||
Series 2009 B, Aviation RB (INS-AGC) (a) |
5.00 | % | 10/01/25 | 650 | 699,433 | |||||||||||
Miami-Dade (County of) Expressway Authority; Series 2010 A, Ref. Toll System RB |
5.00 | % | 07/01/40 | 1,000 | 1,006,550 | |||||||||||
Miami-Dade (County of) Health Facilities Authority (Miami Childrens Hospital); Series 2010 A, Ref. Hospital RB |
6.00 | % | 08/01/30 | 260 | 272,038 | |||||||||||
Orlando (City of) Utilities Commission; Series 2003 B, Ref. Water & Electric RB |
5.00 | % | 10/01/22 | 5,000 | 5,249,300 | |||||||||||
Palm Beach (County of) Solid Waste Authority; |
||||||||||||||||
Series 2009, Improvement RB (INS-BHAC) (a) |
5.50 | % | 10/01/23 | 600 | 716,748 | |||||||||||
Series 2011, Ref. RB |
5.00 | % | 10/01/31 | 735 | 779,203 | |||||||||||
South Miami Health Facilities Authority (Baptist Health South Florida Obligated Group); Series 2007, Hospital RB |
5.00 | % | 08/15/42 | 8,000 | 8,028,960 | |||||||||||
St. Johns (County of) Industrial Development Authority (Glenmoor); Series 2006 A, Health Care RB |
5.25 | % | 01/01/26 | 1,000 | 861,680 | |||||||||||
26,276,004 | ||||||||||||||||
Georgia6.60% |
||||||||||||||||
Atlanta (City of); Series 1999 A, Water & Wastewater RB (INS-NATL) (a) |
5.50 | % | 11/01/22 | 3,000 | 3,486,360 | |||||||||||
Burke (County of) Development Authority (Oglethorpe Power Corp. Plant Vogtle); Series 2011 A, PCR
(b)(c) |
2.50 | % | 03/01/13 | 490 | 497,472 | |||||||||||
Georgia (State of) Road & Tollway Authority; |
||||||||||||||||
Series 2003, Gtd. RB (c)(f) |
5.00 | % | 10/01/13 | 2,000 | 2,168,320 | |||||||||||
Series 2003, Gtd. RB |
5.00 | % | 10/01/23 | 3,000 | 3,198,150 | |||||||||||
9,350,302 | ||||||||||||||||
Hawaii0.91% |
||||||||||||||||
Hawaii (State of) Department of Budget & Finance (Hawaii Pacific Health Obligated Group); Series 2010 B,
Special Purpose RB |
5.75 | % | 07/01/40 | 370 | 376,368 | |||||||||||
Principal | ||||||||||||||||
Interest | Maturity | Amount | ||||||||||||||
Rate | Date | (000) | Value | |||||||||||||
Hawaii(continued) |
||||||||||||||||
Hawaii (State of); Series 2010 A, Airport System RB |
5.00 | % | 07/01/39 | $ | 900 | $ | 919,179 | |||||||||
1,295,547 | ||||||||||||||||
Idaho1.26% |
||||||||||||||||
Idaho (State of) Housing & Finance Association (Federal Highway Trust Fund); Series 2008 A, Grant & RAB (INS-AGC) (a) |
5.25 | % | 07/15/24 | 1,240 | 1,380,219 | |||||||||||
University of Idaho Regents; Series 2011, Ref. General RB (b)(c) |
5.25 | % | 04/01/21 | 350 | 404,744 | |||||||||||
1,784,963 | ||||||||||||||||
Illinois14.45% |
||||||||||||||||
Chicago (City of) (Chicago OHare International Airport); Series 2005 A, Third Lien General Airport RB (INS-NATL) (a) |
5.25 | % | 01/01/26 | 4,000 | 4,158,320 | |||||||||||
Chicago (City of) Board of Education; Series 2011 A, Unlimited Tax GO Bonds |
5.00 | % | 12/01/41 | 1,260 | 1,262,457 | |||||||||||
Chicago (City of) Park District; Series 2004 A, Limited Tax GO Bonds (INS-AMBAC) (a) |
5.00 | % | 01/01/28 | 2,500 | 2,571,600 | |||||||||||
Chicago (City of) Transit Authority; Series 2011, Sales Tax Receipts RB |
5.25 | % | 12/01/36 | 1,080 | 1,124,788 | |||||||||||
Chicago (City of); |
||||||||||||||||
Series 1996 A-2, Ref. Unlimited Tax GO Bonds (INS-AMBAC) (a) |
5.50 | % | 01/01/18 | 700 | 796,880 | |||||||||||
Series 2007 A, Ref. & Project Unlimited Tax GO Bonds (INS-AGM) (a)(d)(h) |
5.00 | % | 01/01/37 | 3,300 | 3,292,839 | |||||||||||
Series 2007 F, Ref. VRD Unlimited Tax GO Bonds (i) |
0.30 | % | 01/01/42 | 1,000 | 1,000,000 | |||||||||||
Illinois (State of) Finance Authority (Little Co. of Mary Hospital & Health Care Centers); Series 2010, RB |
5.38 | % | 08/15/40 | 625 | 596,831 | |||||||||||
Illinois (State of) Finance Authority (Northwestern Memorial Hospital); Series 2009 B, RB |
5.00 | % | 08/15/16 | 380 | 432,714 | |||||||||||
Illinois (State of) Finance Authority (Resurrection Health Care Corp.); Series 2009, Ref. RB |
6.13 | % | 05/15/25 | 775 | 809,433 | |||||||||||
Illinois (State of) Finance Authority (Rush University Medical Center Obligated Group); Series 2009 A, RB |
7.25 | % | 11/01/38 | 295 | 324,984 | |||||||||||
Illinois (State of) Finance Authority (Swedish Covenent Hospital); |
||||||||||||||||
Series 2010 A, Ref. RB |
5.75 | % | 08/15/29 | 1,105 | 1,126,238 | |||||||||||
Series 2010 A, Ref. RB |
6.00 | % | 08/15/38 | 580 | 588,752 | |||||||||||
Illinois (State of) Finance Authority (The University of Chicago Medical Center); Series 2011 C, RB |
5.50 | % | 08/15/41 | 675 | 707,987 | |||||||||||
Metropolitan Pier & Exposition Authority (McCormick Place Expansion); Series 2010 A, RB |
5.50 | % | 06/15/50 | 650 | 668,941 | |||||||||||
Railsplitter Tobacco Settlement Authority; Series 2010, RB |
5.50 | % | 06/02/14 | 950 | 1,014,847 | |||||||||||
20,477,611 | ||||||||||||||||
Indiana1.55% |
||||||||||||||||
Indiana (State of) Finance Authority (Clarion Health Obligated Group); Series 2006 A, Hospital RB |
5.25 | % | 02/15/40 | 1,080 | 1,085,367 | |||||||||||
Indiana (State of) Finance Authority (CWA Authority); Series 2011 B, Second Lien Wastewater Utility RB |
5.25 | % | 10/01/31 | 660 | 698,148 | |||||||||||
Rockport (City of) (Indiana Michigan Power Co.); Series 2009 B, Ref. PCR (b)(c) |
6.25 | % | 06/02/14 | 375 | 414,904 | |||||||||||
2,198,419 | ||||||||||||||||
Iowa1.36% |
||||||||||||||||
Iowa (State of) (IJOBS Program); |
||||||||||||||||
Series 2009 A, Special Obligation RB (d)(h) |
5.00 | % | 06/01/25 | 975 | 1,106,050 | |||||||||||
Series 2009 A, Special Obligation RB (d)(h) |
5.00 | % | 06/01/26 | 730 | 819,878 | |||||||||||
1,925,928 | ||||||||||||||||
Kansas0.26% |
||||||||||||||||
Kansas (State of) Development Finance Authority (Adventist Health System/Sunbelt Obligated Group); Series 2009 C, Hospital RB |
5.50 | % | 11/15/29 | 335 | 365,974 | |||||||||||
Kentucky0.59% |
||||||||||||||||
Kentucky (State of) Economic Development Finance Authority (Owensboro Medical Health System, Inc.); |
||||||||||||||||
Series 2010 A, Hospital RB |
6.38 | % | 06/01/40 | 350 | 367,066 | |||||||||||
Series 2010 A, Hospital RB |
6.50 | % | 03/01/45 | 450 | 475,079 | |||||||||||
842,145 | ||||||||||||||||
Principal | ||||||||||||||||
Interest | Maturity | Amount | ||||||||||||||
Rate | Date | (000) | Value | |||||||||||||
Louisiana3.55% |
||||||||||||||||
Lafayette (City of) Public Trust Financing Authority (Ragin
Cajun Facilities, Inc. - Housing & Parking); Series 2010, RB (INS-AGM) (a) |
5.25 | % | 10/01/30 | $ | 550 | $ | 582,439 | |||||||||
Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation); Series 2002
B, RB (c)(f) |
5.50 | % | 05/15/26 | 2,000 | 2,483,040 | |||||||||||
St. John the Baptist (Parish of) (Marathon Oil Corp.); Series 2007 A, RB |
5.13 | % | 06/01/37 | 2,000 | 1,970,600 | |||||||||||
5,036,079 | ||||||||||||||||
Maryland0.69% |
||||||||||||||||
Baltimore (County of) (Oak Crest Village, Inc. Facility); Series 2007 A, RB |
5.00 | % | 01/01/37 | 505 | 475,084 | |||||||||||
Maryland Economic Development Corp. (Terminal); Series 2010 B, RB |
5.75 | % | 06/01/35 | 500 | 501,965 | |||||||||||
977,049 | ||||||||||||||||
Massachusetts1.46% |
||||||||||||||||
Massachusetts (State of) Development Finance Agency (Berklee College of Music);
Series 2007 A, RB |
5.00 | % | 10/01/32 | 500 | 508,185 | |||||||||||
Massachusetts (State of) Development Finance Agency (Tufts Medical Center); Series 2011
I, RB |
6.75 | % | 01/01/36 | 275 | 292,732 | |||||||||||
Massachusetts (State of) School Building Authority; Series 2011 B, Sr. Sales Tax RB |
5.00 | % | 10/15/35 | 1,185 | 1,267,358 | |||||||||||
2,068,275 | ||||||||||||||||
Michigan1.21% |
||||||||||||||||
Lansing (City of) Board of Water & Light; Series 2011 A, Utility System RB |
5.00 | % | 07/01/37 | 750 | 789,353 | |||||||||||
Wayne State University Board of Governors; Series 2008, Ref. General RB (INS-AGM)
(a) |
5.00 | % | 11/15/25 | 870 | 921,286 | |||||||||||
1,710,639 | ||||||||||||||||
Minnesota0.16% |
||||||||||||||||
Minnesota (State of) Housing Finance Agency (Rental Housing); Series 1995 D, RB
(INS-NATL) (a) |
6.00 | % | 02/01/22 | 220 | 220,328 | |||||||||||
Mississippi0.35% |
||||||||||||||||
Mississippi (State of) Business Finance Corp. (Chevron U.S.A. Inc.); Series 2007 A,
VRD Gulf Opportunity Zone IDR (i) |
0.07 | % | 12/01/30 | 500 | 500,000 | |||||||||||
Missouri2.76% |
||||||||||||||||
Fenton (City of) (Gravois Bluffs Redevelopment); Series 2006, Ref. Tax Increment
Allocation RB |
4.50 | % | 04/01/21 | 915 | 932,431 | |||||||||||
Kansas City (City of) Industrial Development Authority (Downtown Redevelopment District); |
||||||||||||||||
Series 2011 A, Ref. RB |
5.50 | % | 09/01/24 | 1,000 | 1,134,870 | |||||||||||
Series 2011 A, Ref. RB |
5.50 | % | 09/01/28 | 430 | 466,262 | |||||||||||
Missouri (State of) Health & Educational Facilities Authority (Missouri Baptist Medical
Center); Series 1989, Health Facilities RB (f) |
7.63 | % | 07/01/18 | 1,230 | 1,376,013 | |||||||||||
3,909,576 | ||||||||||||||||
Montana0.59% |
||||||||||||||||
Forsyth (City of) (Portland General Electric Co.); Series 1998 A, Ref. PCR |
5.00 | % | 05/01/33 | 800 | 832,912 | |||||||||||
Nebraska0.79% |
||||||||||||||||
Omaha (City of) Public Power District; Series 2011 B, Electric System RB |
5.00 | % | 02/01/36 | 1,050 | 1,121,148 | |||||||||||
Nevada4.03% |
||||||||||||||||
Clark (County of) (Las Vegas-McCarran International Airport); Series 2010 A,
Passenger Facility Charge RB |
5.13 | % | 07/01/34 | 500 | 510,930 | |||||||||||
Las Vegas (City of) Redevelopment Agency; Series 2009 A, Tax Increment Allocation RB |
6.25 | % | 06/15/16 | 290 | 324,377 | |||||||||||
Las Vegas (City of) Valley Water District; Series 2003 A, Ref. & Water Improvement
Limited Tax GO Bonds (c)(f) |
5.25 | % | 06/01/12 | 3,000 | 3,149,670 | |||||||||||
Nevada (State of) (Capital Improvements & Cultural Affairs); Series 2008 C, Limited Tax
GO Bonds (INS-AGM) (a)(d) |
5.00 | % | 06/01/26 | 1,600 | 1,723,552 | |||||||||||
5,708,529 | ||||||||||||||||
Principal | ||||||||||||||||
Interest | Maturity | Amount | ||||||||||||||
Rate | Date | (000) | Value | |||||||||||||
New Hampshire0.21% |
||||||||||||||||
New Hampshire (State of) Business Finance
Authority (United Illuminating Co. Series 1997 A);
Series 2009, PCR (b)(c)(e) |
7.13 | % | 02/01/12 | $ | 295 | $ | 297,909 | |||||||||
New Jersey1.81% |
||||||||||||||||
New Jersey (State of) Economic Development
Authority (Provident Group-Montclair Properties LLC -
Montclair State University Student Housing); Series
2010 A, RB |
5.75 | % | 06/01/31 | 440 | 452,500 | |||||||||||
Passaic Valley Sewerage Commissioners; Series 2003 F,
Sewer System RB (INS-NATL) (a) |
5.00 | % | 12/01/19 | 2,000 | 2,112,680 | |||||||||||
2,565,180 | ||||||||||||||||
New Mexico0.79% |
||||||||||||||||
Farmington (City of) (Public Service Co. of New
Mexico San Juan); |
||||||||||||||||
Series 2010 A, Ref. PCR (b)(c) |
5.20 | % | 06/01/20 | 500 | 514,780 | |||||||||||
Series 2010 C, Ref. PCR |
5.90 | % | 06/01/40 | 600 | 611,232 | |||||||||||
1,126,012 | ||||||||||||||||
New York27.37% |
||||||||||||||||
Brooklyn Arena Local Development Corp. (Barclays
Center); |
||||||||||||||||
Series 2009, PILOT RB |
6.25 | % | 07/15/40 | 380 | 395,793 | |||||||||||
Series 2009, PILOT RB |
6.38 | % | 07/15/43 | 160 | 166,016 | |||||||||||
Long Island Power Authority; Series 2004 A, Electric
System RB (INS-AMBAC) (a) |
5.00 | % | 09/01/34 | 2,250 | 2,276,640 | |||||||||||
Metropolitan Transportation Authority; Series 2002 B,
Service Contract RB (INS-NATL) (a) |
5.50 | % | 07/01/20 | 3,000 | 3,074,460 | |||||||||||
New York (City of) Industrial Development Agency (7
World Trade Center, LLC); Series 2005 A, Liberty RB |
6.25 | % | 03/01/15 | 2,000 | 2,004,280 | |||||||||||
New York (City of) Industrial Development Agency
(Yankee Stadium); Series 2006, PILOT RB (INS-FGIC)
(a) |
5.00 | % | 03/01/46 | 1,035 | 983,747 | |||||||||||
New York (City of) Municipal Water Finance Authority; |
||||||||||||||||
Series 2010 FF, Water & Sewer System Second General
Resolution RB |
5.00 | % | 06/15/31 | 2,100 | 2,270,373 | |||||||||||
New York (City of) Transitional Finance Authority; |
||||||||||||||||
Series 2009 A-1, Future Tax Sec. Sub. RB (d) |
5.00 | % | 05/01/28 | 935 | 1,030,931 | |||||||||||
Series 2009 A-1, Future Tax Sec. Sub. RB (d) |
5.00 | % | 05/01/29 | 745 | 816,527 | |||||||||||
Series 2009 A-1, Future Tax Sec. Sub. RB (d) |
5.00 | % | 05/01/30 | 745 | 809,428 | |||||||||||
New York (City of) Trust for Cultural Resources (The
Museum of Modern Art); Series 2008 1-A, Ref. RB
(d) |
5.25 | % | 04/01/28 | 2,850 | 3,095,157 | |||||||||||
New York (City of); |
||||||||||||||||
Series 2008 A-1, Unlimited Tax GO Bonds (d) |
5.25 | % | 08/15/27 | 1,440 | 1,596,240 | |||||||||||
Series 2008 A-1, Unlimited Tax GO Bonds (d) |
5.25 | % | 08/15/28 | 1,440 | 1,587,168 | |||||||||||
Series 2009 H-1, Unlimited Tax GO Bonds |
5.00 | % | 03/01/16 | 1,500 | 1,720,815 | |||||||||||
New York (State of) Dormitory Authority (Cornell
University); |
||||||||||||||||
Series 2006 A, RB (d) |
5.00 | % | 07/01/35 | 6,085 | 6,338,745 | |||||||||||
New York (State of) Dormitory Authority (Montefiore
Medical Center); Series 2004, Mortgage Hospital RB
(INS-NATL) (a) |
5.00 | % | 08/01/29 | 1,995 | 2,127,209 | |||||||||||
New York (State of) Dormitory Authority (New York
City); Series 2005 A, Court Facilities Lease RB
(INS-AMBAC) (a) |
5.50 | % | 05/15/29 | 505 | 583,260 | |||||||||||
New York (State of) Dormitory Authority (State
University Educational Facilities); Series 2002 B,
Third General Resolution RB (INS-AGC)
(a)(b)(c) |
6.00 | % | 05/15/12 | 1,110 | 1,137,495 | |||||||||||
New York (State of) Dormitory Authority; Series 2011
A, State Personal Income Tax General Purpose RB |
5.00 | % | 03/15/30 | 1,275 | 1,398,267 | |||||||||||
New York (State of) Thruway Authority; |
||||||||||||||||
Series 2009 A, Personal Income Tax RB |
5.00 | % | 03/15/25 | 940 | 1,047,855 | |||||||||||
Series 2011 A-1, Second General Highway & Bridge Trust
Fund RB |
5.00 | % | 04/01/29 | 1,080 | 1,186,617 | |||||||||||
Triborough Bridge & Tunnel Authority; Series 2002 B,
Ref. General RB |
5.25 | % | 11/15/19 | 3,000 | 3,134,880 | |||||||||||
38,781,903 | ||||||||||||||||
North Carolina1.55% |
||||||||||||||||
North Carolina (State of) Eastern Municipal Power
Agency; Series 2009 B, Ref. Power System RB |
5.00 | % | 01/01/26 | 1,215 | 1,295,081 | |||||||||||
North Carolina (State of) Turnpike Authority (Monroe
Connector System); Series 2011, State Appropriation RB |
5.00 | % | 07/01/36 | 840 | 898,371 | |||||||||||
2,193,452 | ||||||||||||||||
Principal | ||||||||||||||||
Interest | Maturity | Amount | ||||||||||||||
Rate | Date | (000) | Value | |||||||||||||
Ohio4.47% |
||||||||||||||||
American Municipal Power, Inc. (Prairie State
Energy Campus); Series 2008 A, RB (INS-AGC)
(a)(d) |
5.25 | % | 02/15/33 | $ | 2,400 | $ | 2,514,264 | |||||||||
Franklin (County of) (Ohio Health Corp.); Series
2011 A, Hospital Facilities RB |
5.00 | % | 11/15/36 | 750 | 759,082 | |||||||||||
Hancock (County of) (Blanchard Valley Regional
Health Center); Series 2011 A, Hospital Facilities
RB |
6.25 | % | 12/01/34 | 660 | 706,589 | |||||||||||
Lucas (County of) (ProMedica Healthcare Obligated
Group); Series 2011 A, Hospital RB |
5.75 | % | 11/15/31 | 1,000 | 1,079,000 | |||||||||||
Ohio (State of) Higher Educational Facility
Commission (Summa Health System 2010); Series 2010,
Hospital Facilities RB |
5.75 | % | 11/15/40 | 1,065 | 1,062,732 | |||||||||||
Ohio (State of) Water Development Authority
(FirstEnergy Nuclear Generation Corp.); Series 2009
A, Ref. PCR (b)(c) |
5.88 | % | 06/01/16 | 190 | 212,882 | |||||||||||
6,334,549 | ||||||||||||||||
Oregon0.64% |
||||||||||||||||
Oregon (State of) Department of Administrative
Services; Series 2009 A, Lottery RB |
5.25 | % | 04/01/24 | 315 | 367,438 | |||||||||||
Warm Springs (Reservation of) Confederated Tribes
(Pelton Round Butte Tribal Economic Development);
Series 2009 B, Hydroelectric RB (j) |
6.38 | % | 11/01/33 | 535 | 539,194 | |||||||||||
906,632 | ||||||||||||||||
Pennsylvania1.38% |
||||||||||||||||
Pennsylvania (State of) Turnpike Commission; |
||||||||||||||||
Series 2010 B-2, Sub. Conv. CAB RB (g) |
0.00 | % | 12/01/28 | 650 | 559,793 | |||||||||||
Series 2010 B-2, Sub. Conv. CAB RB (g) |
0.00 | % | 12/01/34 | 400 | 335,244 | |||||||||||
Philadelphia (City of) (1975 General Ordinance);
Eighteenth Series 2004, Gas Works RB (INS-AGC)
(a) |
5.25 | % | 08/01/20 | 1,000 | 1,056,630 | |||||||||||
1,951,667 | ||||||||||||||||
Puerto Rico2.85% |
||||||||||||||||
Puerto Rico (Commonwealth of) Electric Power
Authority; |
||||||||||||||||
Series 2010 CCC, RB |
5.25 | % | 07/01/27 | 1,000 | 1,043,830 | |||||||||||
Series 2010 XX, RB |
5.25 | % | 07/01/40 | 600 | 602,232 | |||||||||||
Puerto Rico Sales Tax Financing Corp.; |
||||||||||||||||
First Series 2010 A, Sub. RB |
5.38 | % | 08/01/39 | 575 | 592,969 | |||||||||||
First Series 2010 A, Sub. RB |
5.50 | % | 08/01/42 | 650 | 678,392 | |||||||||||
First Series 2010 C, Sub. RB |
5.25 | % | 08/01/41 | 1,100 | 1,123,342 | |||||||||||
4,040,765 | ||||||||||||||||
Rhode Island2.13% |
||||||||||||||||
Rhode Island Economic Develpment Corp.; Series
2005 C, Ref. Airport RB (INS-NATL) (a) |
5.00 | % | 07/01/28 | 3,000 | 3,018,930 | |||||||||||
South Carolina2.44% |
||||||||||||||||
Charleston County School District; Series 2004
A, Unlimited Tax GO Bonds (c)(f) |
5.00 | % | 02/01/14 | 3,000 | 3,289,410 | |||||||||||
Richland (County of); Series 2007 A, Ref.
Environmental Improvement RB |
4.60 | % | 09/01/12 | 165 | 168,711 | |||||||||||
3,458,121 | ||||||||||||||||
Tennessee1.32% |
||||||||||||||||
Johnson City (City of) Health & Educational
Facilities Board (Mountain States Health Alliance);
Series 2006 A, Hospital First Mortgage RB |
5.50 | % | 07/01/36 | 1,900 | 1,870,949 | |||||||||||
Texas11.37% |
||||||||||||||||
Arlington (City of); Series 2009, Special Tax RB |
5.00 | % | 08/15/28 | 1,000 | 1,046,400 | |||||||||||
Austin (City of); Series 2001, Ref. Water &
Wastewater System RB (INS-AGM) (a) |
5.13 | % | 05/15/27 | 1,475 | 1,476,740 | |||||||||||
Bexar County Health Facilities Development Corp.
(Army Retirement Residence Foundation); |
||||||||||||||||
Series 2007, Ref. RB |
5.00 | % | 07/01/33 | 735 | 684,910 | |||||||||||
Series 2007, Ref. RB |
5.00 | % | 07/01/37 | 580 | 527,464 | |||||||||||
Harris County Industrial Development Corp. (Deer
Park Refining Limited Partnership); Series 2006,
Solid Waste Disposal RB |
5.00 | % | 02/01/23 | 300 | 321,858 | |||||||||||
Principal | ||||||||||||||||
Interest | Maturity | Amount | ||||||||||||||
Rate | Date | (000) | Value | |||||||||||||
Texas(continued) |
||||||||||||||||
Houston (City of); |
||||||||||||||||
Series 2004 A, Ref. Combined Utility System First Lien RB
(INS-NATL) (a) |
5.25 | % | 05/15/23 | $ | 2,320 | $ | 2,515,994 | |||||||||
Series 2011 D, Combined Utility System First Lien RB |
5.00 | % | 11/15/31 | 885 | 952,198 | |||||||||||
Series 2011 D, Combined Utility System First Lien RB |
5.00 | % | 11/15/33 | 1,400 | 1,486,254 | |||||||||||
Lower Colorado River Authority; Series 2010 A, Ref. RB |
5.00 | % | 05/15/40 | 450 | 463,279 | |||||||||||
Matagorda (County of) Navigation District No. 1 (AEP Texas Central Co.); Series 2008, Ref. PCR (b)(c) |
1.13 | % | 06/01/12 | 525 | 525,609 | |||||||||||
North Texas Tollway Authority; |
||||||||||||||||
Series 2008 D, Ref. First Tier System CAB RB (INS-AGC)
(a)(g) |
0.00 | % | 01/01/28 | 4,100 | 1,719,622 | |||||||||||
Series 2008 L-2, Ref. First Tier System RB (b)(c) |
6.00 | % | 01/01/13 | 1,000 | 1,055,160 | |||||||||||
Tarrant County Cultural Education Facilities Finance Corp.
(Air Force Village Obligated Group); Series 2007,
Retirement Facility RB |
5.13 | % | 05/15/37 | 425 | 370,043 | |||||||||||
Texas Private Activity Bond Surface Transportation Corp.
(NTE Mobility Partners LLC North Tarrant Express Managed
Lanes); Series 2009, Sr. Lien RB |
6.88 | % | 12/31/39 | 430 | 460,612 | |||||||||||
University of Houston System Board of Regents; Series 2008,
Ref. Consolidated RB (INS-AGM) (a)(d) |
5.00 | % | 02/15/33 | 2,400 | 2,513,832 | |||||||||||
16,119,975 | ||||||||||||||||
Virgin Islands0.38% |
||||||||||||||||
Virgin Islands (Government of) Public Finance Authority
(Virgin Islands Matching Fund Loan Note); Series 2010 A,
Sr. Lien Working Capital RB |
5.00 | % | 10/01/25 | 525 | 535,295 | |||||||||||
Washington8.90% |
||||||||||||||||
Chelan (County of) Public Utility District No. 1;
Series 2011 A, Ref. RB (e) |
5.50 | % | 07/01/26 | 425 | 474,075 | |||||||||||
Goat Hill Properties (King County Governmental Office
Building); Series 2005, Lease RB (INS-NATL) (a) |
5.00 | % | 12/01/33 | 2,400 | 2,441,784 | |||||||||||
Grant (County of) Public Utility District No. 2; Series
2005 A, Ref. Wanapum Hydroelectric Development RB
(INS-NATL) (a) |
5.00 | % | 01/01/34 | 1,930 | 1,954,936 | |||||||||||
Washington (State of) Health Care Facilities Authority
(Catholic Health Initiatives); Series 2011 A, RB |
5.00 | % | 02/01/41 | 660 | 658,442 | |||||||||||
Washington (State of) Health Care Facilities Authority
(Seattle Cancer Care Alliance); Series 2008, RB |
7.38 | % | 03/01/38 | 2,000 | 2,220,920 | |||||||||||
Washington (State of); |
||||||||||||||||
Series 2004 F, Motor Vehicle Fuel Unlimited Tax CAB GO
Bonds (INS-AMBAC) (a)(g) |
0.00 | % | 12/01/29 | 2,120 | 964,642 | |||||||||||
Series 2010 A, Various Purpose Unlimited Tax GO Bonds
(d) |
5.00 | % | 08/01/29 | 1,710 | 1,914,704 | |||||||||||
Series 2010 A, Various Purpose Unlimited Tax GO Bonds
(d) |
5.00 | % | 08/01/30 | 1,795 | 1,990,565 | |||||||||||
12,620,068 | ||||||||||||||||
Wisconsin0.68% |
||||||||||||||||
Wisconsin (State of) Health & Educational Facilities
Authority (Meriter Hospital, Inc.); Series 2008 B, VRD RB
(LOC-U.S. Bank, N.A.) (i)(k) |
0.15 | % | 12/01/26 | 970 | 970,000 | |||||||||||
TOTAL INVESTMENTS(l)166.80% (Cost $226,303,726) |
236,394,178 | |||||||||||||||
Floating Rate Note
Obligations(21.19)% |
||||||||||||||||
Notes with interest rates ranging from 0.14% to 0.26%
at 11/30/11 and contractual maturities of collateral
ranging from 06/01/25 to 01/01/37 (See Note
1E)(m) |
(30,040,000 | ) | ||||||||||||||
OTHER ASSETS LESS
LIABILITIES2.02% |
2,867,243 | |||||||||||||||
PREFERRED SHARES(47.63)% |
(67,500,000 | ) | ||||||||||||||
NET ASSETS APPLICABLE TO
COMMON SHARES100.00% |
$ | 141,721,421 | ||||||||||||||
Investment Abbreviations: | ||
AGC
|
Assured Guaranty Corp. | |
AGM
|
Assured Guaranty Municipal Corp. | |
AMBAC
|
American Municipal Bond Assurance Corp. | |
BAN
|
Bond Anticipation Notes | |
BHAC
|
Berkshire Hathaway Assurance Corp. | |
CAB
|
Capital Appreciation Bonds | |
Conv.
|
Convertible | |
COP
|
Certificates of Participation | |
FGIC
|
Financial Guaranty Insurance Co. | |
GO
|
General Obligation | |
Gtd.
|
Guaranteed | |
IDR
|
Industrial Development Revenue Bonds | |
INS
|
Insurer | |
LOC
|
Letter of Credit | |
NATL
|
National Public Finance Guarantee Corp. | |
PCR
|
Pollution Control Revenue Bonds | |
PILOT
|
Payment-in-Lieu-of-Tax | |
RAB
|
Revenue Anticipation Bonds | |
RB
|
Revenue Bonds | |
Ref.
|
Refunding | |
Sec.
|
Secured | |
SGI
|
Syncora Guarantee, Inc. | |
Sr.
|
Senior | |
Sub.
|
Subordinated | |
VRD
|
Variable Rate Demand |
Notes to Schedule of Investments: | ||
(a) | Principal and/or interest payments are secured by the bond insurance company listed. | |
(b) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2011. | |
(c) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. | |
(d) | Underlying security related to Dealer Trusts entered into by the Trust. See Note 1E. | |
(e) | Security subject to the alternative minimum tax. | |
(f) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. | |
(g) | Zero coupon bond issued at a discount. | |
(h) | Security is subject to a shortfall agreement which may require the Trust to pay amounts to a counterparty in the event of a significant decline in the market value of the security underlying the Dealer Trusts. In case of a shortfall, the maximum potential amount of payments the Trust could ultimately be required to make under the agreement is $3,350,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the Dealer Trusts. | |
(i) | Demand security payable upon demand by the Trust at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2011. | |
(j) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended. The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The value of this security at November 30, 2011 represented 0.38% of the Trusts Net Assets. | |
(k) | Principal and interest payments are fully enhanced by a letter of credit from the bank listed or a predecessor bank, branch or subsidiary. | |
(l) | This table provides a listing of those entities that have either issued, guaranteed, backed or otherwise enhanced the credit quality of more than 5% of the securities held in the portfolio. In instances where the entity has guaranteed, backed or otherwise enhanced the credit quality of a security, it is not primarily responsible for the issuers obligations but may be called upon to satisfy the issuers obligations. |
Entities | Percentage | |||
National Public Finance Guarantee Corp. |
18.6 | % | ||
American Municipal Bond Assurance Corp. |
6.3 | |||
Assured Guaranty Municipal Corp. |
6.0 | |||
(m) | Floating rate note obligations related to securities held. The interest rates shown reflect the rates in effect at November 30, 2011. At November 30, 2011, the Trusts investments with a value of $47,871,085 are held by Dealer Trusts and serve as collateral for the $30,040,000 in the floating rate note obligations outstanding at that date. |
A. | Security Valuations Securities, including restricted securities, are valued according to the following policy. |
A. | Security Valuations (continued) |
B. | Securities Transactions and Investment Income Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Paydown gains and losses on mortgage and asset-backed securities are recorded as adjustments to interest income. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes. |
C. | Country Determination For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuers securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted. | |
D. | Other Risks The value of, payment of interest on, repayment of principal for and the ability to sell a municipal security may be affected by constitutional amendments, legislative enactments, executive orders, administrative regulations, voter initiatives and the economics of the regions in which the issuers are located. |
E. | Floating Rate Note Obligations The Trust invests in inverse floating rate securities, such as Residual Interest Bonds (RIBs) or Tender Option Bonds (TOBs) for investment purposes and to enhance the yield of the Trust. Inverse floating rate investments tend to underperform the market for fixed rate bonds in a rising interest rate environment, but tend to outperform the market for fixed rate bonds when interest rates decline or remain relatively stable. Such transactions may be purchased in the secondary market without first owning the underlying bond or by the sale of fixed rate bonds by the Trust to special purpose trusts established by a broker dealer (Dealer Trusts) in exchange for cash and residual interests in the Dealer Trusts assets and cash flows, which are in the form of inverse floating rate securities. The Dealer Trusts finance the purchases of the fixed rate bonds by issuing floating rate notes to third parties and allowing the Trust to retain residual interest in the bonds. The floating rate notes issued by the Dealer Trusts have interest rates that reset weekly and the floating rate note holders have the option to tender their notes to the Dealer Trusts for redemption at par at each reset date. The residual interests held by the Trust (inverse floating rate investments) include the right of the Trust (1) to cause the holders of the floating rate notes to tender their notes at par at the next interest rate reset date, and (2) to transfer the municipal bond from the Dealer Trusts to the Trust, thereby collapsing the Dealer Trusts. |
E. | Floating Rate Note Obligations (continued) |
Level 1 | | Prices are determined using quoted prices in an active market for identical assets. | |
Level 2 | | Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. | |
Level 3 | | Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Trusts own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Municipal Obligations |
$ | | $ | 236,394,178 | $ | | $ | 236,394,178 | ||||||||
Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis | ||||
Aggregate unrealized appreciation of investment securities |
$ | 11,610,853 | ||
Aggregate unrealized (depreciation) of investment securities |
(1,378,183 | ) | ||
Net unrealized appreciation of investment securities |
$ | 10,232,670 | ||
Cost of investments for tax purposes is $226,161,508. |
(a) | As of December 15, 2011, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the Principal Executive Officer (PEO) and Principal Financial Officer (PFO), to assess the effectiveness of the Registrants disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Investment Company Act of 1940 (Act), as amended. Based on that evaluation, the Registrants officers, including the PEO and PFO, concluded that, as of December 15, 2011, the Registrants disclosure controls and procedures were reasonably designed so as to ensure: (1) that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Securities and Exchange Commission; and (2) that material information relating to the Registrant is made known to the PEO and PFO as appropriate to allow timely decisions regarding required disclosure. | ||
(b) | There have been no changes in the Registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrants internal control over financial reporting. |
Certifications of PEO and PFO as required by Rule 30a-2(a) under the Investment Company Act of 1940. |
Registrant: Invesco Municipal Premium Income Trust | ||||
By:
|
/s/ Philip A. Taylor | |||
Philip A. Taylor | ||||
Principal Executive Officer | ||||
Date:
|
January 27, 2012 |
By:
|
/s/ Philip A. Taylor | |||
Philip A. Taylor | ||||
Principal Executive Officer | ||||
Date:
|
January 27, 2012 | |||
By:
|
/s/ Sheri Morris
Principal Financial Officer |
|||
Date:
|
January 27, 2012 |
Date: January 27, 2012
|
/s/ Philip A. Taylor | |||
Philip A. Taylor, Principal Executive Officer |
Date: January 27, 2012
|
/s/ Sheri Morris Sheri Morris, Principal Financial Officer |
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