<SEC-DOCUMENT>0000950123-12-013002.txt : 20121108 <SEC-HEADER>0000950123-12-013002.hdr.sgml : 20121108 <ACCEPTANCE-DATETIME>20121108151621 ACCESSION NUMBER: 0000950123-12-013002 CONFORMED SUBMISSION TYPE: N-CSRS PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20120831 FILED AS OF DATE: 20121108 DATE AS OF CHANGE: 20121108 EFFECTIVENESS DATE: 20121108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Invesco Van Kampen Trust for Value Municipals CENTRAL INDEX KEY: 0000880893 IRS NUMBER: 363797563 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-CSRS SEC ACT: 1940 Act SEC FILE NUMBER: 811-06472 FILM NUMBER: 121189841 BUSINESS ADDRESS: STREET 1: 1555 PEACHTREE STREET, N.E. STREET 2: SUITE 1800 CITY: ATLANTA STATE: 2Q ZIP: 30309 BUSINESS PHONE: 404-439-3217 MAIL ADDRESS: STREET 1: 1555 PEACHTREE STREET, N.E. STREET 2: SUITE 1800 CITY: ATLANTA STATE: 2Q ZIP: 30309 FORMER COMPANY: FORMER CONFORMED NAME: Invesco Van Kampen Trust for Insured Municipals DATE OF NAME CHANGE: 20100601 FORMER COMPANY: FORMER CONFORMED NAME: VAN KAMPEN TRUST FOR INSURED MUNICIPALS DATE OF NAME CHANGE: 19981006 FORMER COMPANY: FORMER CONFORMED NAME: VAN KAMPEN AMERICAN CAPITAL TRUST FOR INSURED MUNICIPALS DATE OF NAME CHANGE: 19960102 </SEC-HEADER> <DOCUMENT> <TYPE>N-CSRS <SEQUENCE>1 <FILENAME>h87085nvcsrs.htm <DESCRIPTION>FORM N-CSRS <TEXT> <HTML> <HEAD> <TITLE>nvcsrs</TITLE> </HEAD> <BODY bgcolor="#FFFFFF"> <!-- PAGEBREAK --> <DIV style="font-family: 'Times New Roman',Times,serif"> <DIV align="right"> <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="25%"> <!-- Begin Table Head --> <TR valign="bottom"> <TD width="1%"> </TD> <TD width="98%"> </TD> <TD width="1%"> </TD> </TR> <TR></TR> <!-- End Table Head --> <!-- Begin Table Body --> <TR valign="bottom"> <TD width="1%" style="border-left: 1px solid #000000; border-top: 1px solid #000000"> </TD> <TD align="center" valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">OMB APPROVAL</DIV></TD> <TD width="1%" style="border-right: 1px solid #000000; border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD width="1%" style="border-left: 1px solid #000000; border-top: 1px solid #000000"> </TD> <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">OMB Number: 3235-0570<br> Expires: January 31, 2014<br> Estimated average burden<br> hours per response: 20.6</DIV></TD> <TD width="1%" style="border-right: 1px solid #000000; border-top: 1px solid #000000"> </TD> </TR> <TR style="font-size: 1px" valign="bottom"> <TD nowrap align="left" colspan="3" style="border-top: 1px solid #000000"> </TD> </TR> <!-- End Table Body --> </TABLE> </DIV> <DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt; margin-top: 6pt"> </DIV> <DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt"> </DIV> <DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR> SECURITIES AND EXCHANGE COMMISSION</B> </DIV> <DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B> </DIV> <DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM N-CSR</B> </DIV> <DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT<BR> INVESTMENT COMPANIES</B> </DIV> <DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Investment Company Act file number <U>811-06472</U></B></DIV> <DIV align="center" style="font-size: 20pt; margin-top: 12pt"><B>Invesco Van Kampen Trust for Value Municipals</B> </DIV> <DIV align="center" style="font-size: 10pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px"> </DIV></DIV> <DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in charter)</DIV> <DIV align="center" style="font-size: 10pt; margin-top: 12pt">1555 Peachtree Street, N.E., Atlanta, Georgia 30309</DIV> <DIV align="center" style="font-size: 10pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px"> </DIV></DIV> <DIV align="center" style="font-size: 10pt">(Address of principal executive offices) (Zip code)</DIV> <DIV align="center" style="font-size: 10pt; margin-top: 12pt">Colin Meadows 1555 Peachtree Street, N.E., Atlanta, Georgia 30309</DIV> <DIV align="center" style="font-size: 10pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px"> </DIV></DIV> <DIV align="center" style="font-size: 10pt">(Name and address of agent for service)</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">Registrant’s telephone number, including area code: <U>(713) 626-1919</U> </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">Date of fiscal year end: <u>2/28</u> </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">Date of reporting period: <u>8/31/12</u> </DIV> <DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt"> </DIV> <DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt"> </DIV> <P align="center" style="font-size: 10pt"><!-- Folio --> <!-- /Folio --> </DIV> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="font-family: 'Times New Roman',Times,serif"> <!-- link2 "Item 1. Reports to Stockholders." --> <DIV align="left" style="font-size: 10pt; margin-top: 12pt">Item 1. Reports to Stockholders. </DIV> <P align="center" style="font-size: 10pt"><!-- Folio --> <!-- /Folio --> </DIV> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="font-family: Helvetica,Arial,sans-serif; height: 990px"> <DIV align="center"><div style="width: 700; border: 0px solid #000000"> <P><DIV style="position: relative; float: left; width: 28%"> <DIV align="center" style="font-size: 10pt; margin-left: 2%; margin-top: 12pt"><IMG src="h87085h8708501.gif" alt="(LOGO)"> </DIV> </DIV> <DIV style="position: relative; float: right; width: 70%"> <DIV align="left" style="font-size: 10pt; margin-top: 6pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px"> </DIV> <FONT style="font-size:16pt"><B>Invesco Van Kampen Trust for Value Municipals</B></FONT></div> <DIV align="left" style="font-size: 12pt; margin-top: 1pt">Semiannual Report to Shareholders <FONT face="Wingdings" style="font-size: 8pt">n</FONT> August 31, 2012</div> <DIV align="left" style="font-size: 9pt; margin-top: 0pt"><b>NYSE: VIM</b> </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="h87085h8708502.gif" alt="(LOGO)"> </DIV> <DIV align="right" style="margin-top: 12pt"> <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%"> <!-- Begin Table Head --> <TR valign="bottom"> <TD width="6%"> </TD> <TD width="5%"> </TD> <TD width="89%"> </TD> </TR> <TR></TR> <!-- End Table Head --> <!-- Begin Table Body --> <TR style="font-size: 1px"> <TD colspan="3" align="left" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD><DIV style="margin-left:15px; text-indent:-15px">2</DIV></TD> <TD> </TD> <TD align="left" valign="top">Trust Performance</TD> </TR> <TR valign="bottom"> <TD><DIV style="margin-left:15px; text-indent:-15px">2</DIV></TD> <TD> </TD> <TD align="left" valign="top">Trust Updates</TD> </TR> <TR valign="bottom"> <TD><DIV style="margin-left:15px; text-indent:-15px">3</DIV></TD> <TD> </TD> <TD align="left" valign="top">Dividend Reinvestment Plan</TD> </TR> <TR valign="bottom"> <TD><DIV style="margin-left:15px; text-indent:-15px">4</DIV></TD> <TD> </TD> <TD align="left" valign="top">Schedule of Investments</TD> </TR> <TR valign="bottom"> <TD><DIV style="margin-left:15px; text-indent:-15px">12</DIV></TD> <TD> </TD> <TD align="left" valign="top">Financial Statements</TD> </TR> <TR valign="bottom"> <TD><DIV style="margin-left:15px; text-indent:-15px">15</DIV></TD> <TD> </TD> <TD align="left" valign="top">Notes to Financial Statements</TD> </TR> <TR valign="bottom"> <TD><DIV style="margin-left:15px; text-indent:-15px">21</DIV></TD> <TD> </TD> <TD align="left" valign="top">Financial Highlights</TD> </TR> <TR valign="bottom"> <TD><DIV style="margin-left:15px; text-indent:-15px">23</DIV></TD> <TD> </TD> <TD align="left" valign="top">Approval of Investment Advisory and Sub-Advisory Agreements</TD> </TR> <TR valign="bottom"> <TD><DIV style="margin-left:15px; text-indent:-15px">25</DIV></TD> <TD> </TD> <TD align="left" valign="top">Results of Proxy</TD> </TR> <TR valign="bottom"><!-- Blank Space --> <TD><DIV style="margin-left:15px; text-indent:-15px"> </DIV></TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"><!-- Blank Space --> <TD><DIV style="margin-left:15px; text-indent:-15px"> </DIV></TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"><!-- Blank Space --> <TD><DIV style="margin-left:15px; text-indent:-15px"> </DIV></TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <!-- End Table Body --> </TABLE> </DIV> <DIV align="left" style="font-size: 8pt; margin-top: 40pt">Unless otherwise noted, all data provided by Invesco. </DIV> <DIV align="left"> <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="94%"> <!-- Begin Table Head --> <TR valign="bottom"> <TD width="32%"> </TD> <TD width="0%"> </TD><!-- VRule --> <TD width="0%"> </TD> <TD width="34%"> </TD> <TD width="0%"> </TD><!-- VRule --> <TD width="0%"> </TD> <TD width="16%"> </TD> <TD width="1%"> </TD> <TD width="17%"> </TD> </TR> <TR></TR> <!-- End Table Head --> <!-- Begin Table Body --> <TR style="font-size: 1px"> <TD colspan="1" align="left" style="border-top: 1px solid #000000"> </TD> <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000"> </TD> <TD align="left" style="border-top: 1px solid #000000"> </TD> <TD colspan="1" align="left" style="border-top: 1px solid #000000"> </TD> <TD align="left" style="border-right: 1px solid #000000; border-top: 1px solid #000000"> </TD> <TD align="left" style="border-top: 1px solid #000000"> </TD> <TD colspan="3" align="left" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap><DIV style="margin-left:15px; text-indent:-15px"><B>NOT FDIC INSURED</B></DIV></TD> <TD style="border-right: 1px solid #000000"> </TD> <TD> </TD> <TD align="left" valign="top" nowrap><B> MAY LOSE VALUE</B></TD> <TD style="border-right: 1px solid #000000"> </TD> <TD> </TD> <TD colspan="3" valign="top" align="left" nowrap><B> NO BANK GUARANTEE</B></TD> </TR> <!-- End Table Body --> </TABLE> </DIV> </DIV> <BR clear="all"><BR> </DIV> </DIV></DIV> <P align="center" style="font-size: 10pt"><!-- Folio --> <!-- /Folio --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="font-family: Helvetica,Arial,sans-serif; height: 0px"> <DIV align="center"><DIV style="font-size: 1pt; margin-top: 10pt; width: 100%; border-top: 1px solid #000000"> </DIV></DIV> <DIV align="left" style="font-size: 16pt; margin-top: 0pt"><B>Trust Performance</B> </DIV> <P><DIV style="position: relative; float: left; width: 66%"> <DIV align="center"><DIV style="font-size: 0pt; margin-top: 1pt; width: 100%; border-bottom: 1px solid #000000"> </DIV></DIV><DIV style="width: 100%; padding: 3px; background-color: E7E7E8"> <DIV align="center"><DIV style="font-size: 0pt; margin-top: 1pt; width: 100%; border-top: 0px solid #000000"> </DIV></DIV> <DIV align="left" style="font-size: 10pt"><B>Performance summary</B> </DIV> <DIV align="left" style="font-size: 9pt; margin-top: 0pt"><I>Cumulative total returns, 2/29/12 to 8/31/12</I> </DIV> <DIV align="center"> <TABLE style="font-size: 9pt" cellspacing="0" border="0" cellpadding="0" width="100%"> <!-- Begin Table Head --> <TR valign="bottom"> <TD width="88%"> </TD> <TD width="5%"> </TD> <TD width="1%"> </TD> <TD width="5%"> </TD> <TD width="1%"> </TD> </TR> <TR></TR> <!-- End Table Head --> <!-- Begin Table Body --> <TR valign="bottom"> <TD><DIV style="margin-left:15px; text-indent:-15px">Trust at NAV</DIV></TD> <TD> </TD> <TD nowrap align="left"> </TD> <TD align="right">5.25</TD> <TD nowrap>%</TD> </TR> <TR style="font-size: 1px"> <TD colspan="5" align="left" style="border-top: 1px solid #ffffff"> </TD> </TR> <TR valign="bottom"> <TD><DIV style="margin-left:15px; text-indent:-15px">Trust at Market Value</DIV></TD> <TD> </TD> <TD> </TD> <TD align="right">6.96</TD> <TD> </TD> </TR> <TR style="font-size: 1px"> <TD colspan="5" align="left" style="border-top: 1px solid #ffffff"> </TD> </TR> <TR valign="bottom"> <TD><DIV style="margin-left:15px; text-indent:-15px">Barclays Municipal Bond Index<SUP style="FONT-size: 85%; vertical-align: text-top">▼</SUP></DIV></TD> <TD> </TD> <TD> </TD> <TD align="right">2.94</TD> <TD> </TD> </TR> <TR style="font-size: 1px"> <TD colspan="5" align="left" style="border-top: 1px solid #ffffff"> </TD> </TR> <TR valign="bottom"> <TD><DIV style="margin-left:15px; text-indent:-15px"> </DIV></TD> <TD> </TD> <TD> </TD> <TD align="right"> </TD> <TD> </TD> </TR> <TR style="font-size: 1px"> <TD colspan="5" align="left" style="border-top: 1px solid #ffffff"> </TD> </TR> <TR valign="bottom"> <TD><DIV style="margin-left:15px; text-indent:-15px">Market Price Premium to NAV as of 8/31/12</DIV></TD> <TD> </TD> <TD> </TD> <TD align="right">2.63</TD> <TD> </TD> </TR> <TR style="font-size: 1px"> <TD colspan="5" align="left" style="border-top: 1px solid #ffffff"> </TD> </TR> <!-- End Table Body --> </TABLE> </DIV> <DIV align="left" style="font-size: 8pt; margin-top: 0pt">Source(s): <SUP style="FONT-size: 85%; vertical-align: text-top">▼</SUP>Lipper Inc. </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>The performance data quoted represent past performance and cannot guarantee comparable future results; current performance may be lower or higher. Investment return, net asset value and common share market price will fluctuate so that you may have a gain or loss when you sell shares. Please visit invesco.com/us for the most recent month-end performance. Performance figures reflect Trust expenses, the reinvestment of distributions (if any) and changes in net asset value (NAV) for performance based on NAV and changes in market price for performance based on market price.</I> </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 1pt"> <I>Since the Trust is a closed-end management investment company, shares of the Trust may trade at a discount or premium from the NAV. This characteristic is separate and distinct from the risk that NAV could decrease as a result of investment activities and may be a greater risk to investors expecting to sell their shares after a short time. The Trust cannot predict whether shares will trade at, above or below NAV. The Trust should not be viewed as a vehicle for trading purposes. It is designed primarily for risk-tolerant long-term investors.</I> </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">The <B>Barclays Municipal Bond Index </B>is an unmanaged index considered representative of the tax-exempt bond market. </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 1pt"> The Trust is not managed to track the performance of any particular index, including the index(es) defined here, and consequently, the performance of the Trust may deviate significantly from the performance of the index(es). </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 1pt"> A direct investment cannot be made in an index. Unless otherwise indicated, index results include reinvested dividends, and they do not reflect sales charges. </DIV> </DIV> <!-- --> </DIV> <DIV style="position: relative; float: right; width: 30%"> <DIV align="left" style="font-size: 10pt; margin-top: 6pt"> </DIV> </DIV> <BR clear="all"><BR> <DIV align="center"><DIV style="font-size: 1pt; margin-top: 20pt; width: 100%; border-top: 1px solid #000000"> </DIV></DIV> <DIV align="left" style="font-size: 16pt; margin-top: 0pt"><B>Trust Updates</B> </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Preferred Shares</B> </DIV> <DIV align="left" style="font-size: 10pt">On May 8, 2012, the Trust successfully priced and placed a private offering of Variable Rate Muni Term Preferred Shares (“VMTP”) in the amount of $52,200,000 pursuant to an offering exempt from registration under the Securities Act of 1933. VMTP is a variable rate form of preferred stock with a mandatory redemption date. The proceeds of the VMTP were used to redeem all of the Trust’s outstanding auction rate preferred shares (“ARPS”) at their liquidation preference (sometimes referred to as “at par”), together with accrued and unpaid dividends, if any, to the redemption date. As of June 6, 2012, all of the Trust’s ARPS were redeemed in full.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Mergers and Redomestication</B> </DIV> <DIV align="left" style="font-size: 10pt">At a shareholder meeting held on September 25, 2012, shareholders approved the merger of each of the Trust, Invesco Municipal Premium Income Trust and Invesco Van Kampen Select Sector Municipal Trust (the “Target Funds”) into Invesco Van Kampen Municipal Opportunity Trust (the “Acquiring Fund”). Shareholders also approved the redomestication of the Trust to a Delaware statutory trust. The redomestication and mergers were completed on October 15, 2012, and common shares of the Target Funds were converted into newly issued common shares of the Acquiring Fund. VMTP shares of the Target Funds were converted into newly issued VMTP shares of the Acquiring Fund.</DIV> <DIV align="left"> <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="30%"> <!-- Begin Table Head --> <TR valign="bottom"> <TD width="88%"> </TD> <TD width="5%"> </TD> <TD width="7%"> </TD> </TR> <TR></TR> <!-- End Table Head --> <!-- Begin Table Body --> <TR style="font-size: 1px"> <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>NYSE Symbol</B> </DIV></TD> <TD> </TD> <TD align="right" valign="top"><B>VIM</B></TD> </TR> <!-- End Table Body --> </TABLE> </DIV> <DIV style="margin-top: 24pt"> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt"> <TR valign="top" style="font-size: 7pt; color: #000000; background: transparent"> <TD width="6%" nowrap align="left"><!-- Folio --><B>2</B><!-- /Folio --></TD> <TD width="1%"> </TD> <TD><B>Invesco Van Kampen Trust for Value Municipals</B></TD> </TR> </TABLE> </DIV> </DIV> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="font-family: Helvetica,Arial,sans-serif"> <DIV align="center"><DIV style="font-size: 1pt; margin-top: 24pt; width: 100%; border-top: 1px solid #000000"> </DIV></DIV> <DIV align="left" style="font-size: 16pt; margin-top: 0pt"><B>Dividend Reinvestment Plan</B> </DIV> <DIV align="left" style="font-size: 10pt">The dividend reinvestment plan (the Plan) offers you a prompt and simple way to reinvest your dividends and capital gains distributions (Distributions) into additional shares of your Trust. Under the Plan, the money you earn from Distributions will be reinvested automatically in more shares of your Trust, allowing you to potentially increase your investment over time.</DIV> <P><DIV style="position: relative; float: left; width: 32%"> <DIV align="center"><DIV style="font-size: 0pt; margin-top: 10pt; width: 100%; border-top: 1px solid #000000"> </DIV></DIV> <DIV align="left" style="font-size: 11pt"><B>Plan benefits</B> </DIV> <DIV style="margin-top: 1pt"> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt"> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <TD width="3%" nowrap align="left"><FONT face="Wingdings">n</FONT></TD> <TD width="1%"> </TD> <TD><B>Add to your account:</B></TD> </TR> <TR> <TD style="font-size: 1pt"> </TD> </TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <TD width="1%" nowrap align="left"> </TD> <TD width="1%"> </TD> <TD>You may increase the amount of shares in your Trust easily and automatically with the Plan.</TD> </TR> <TR> <TD style="font-size: 1pt"> </TD> </TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <TD width="3%" nowrap align="left"><FONT face="Wingdings">n</FONT></TD> <TD width="1%"> </TD> <TD><B>Low transaction costs:</B></TD> </TR> <TR> <TD style="font-size: 1pt"> </TD> </TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <TD width="1%" nowrap align="left"> </TD> <TD width="1%"> </TD> <TD>Shareholders who participate in the Plan are able to buy shares at below-market prices when the Trust is trading at a premium to its net asset value (NAV). In addition, transaction costs are low because when new shares are issued by a Trust, there is no fee, and when shares are bought in blocks on the open market, the per share fee is shared among all Participants.</TD> </TR> <TR> <TD style="font-size: 1pt"> </TD> </TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <TD width="3%" nowrap align="left"><FONT face="Wingdings">n</FONT></TD> <TD width="1%"> </TD> <TD><B>Convenience:</B></TD> </TR> <TR> <TD style="font-size: 1pt"> </TD> </TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <TD width="1%" nowrap align="left"> </TD> <TD width="1%"> </TD> <TD>You will receive a detailed account statement from Computershare Trust Company, N.A. (the Agent) which administers the Plan. The statement shows your total Distributions, date of investment, shares acquired, and price per share, as well as the total number of shares in your reinvestment account. You can also access your account via the Internet. To do this, please go to invesco.com/us.</TD> </TR> <TR> <TD style="font-size: 1pt"> </TD> </TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <TD width="3%" nowrap align="left"><FONT face="Wingdings">n</FONT></TD> <TD width="1%"> </TD> <TD><B>Safekeeping:</B></TD> </TR> <TR> <TD style="font-size: 1pt"> </TD> </TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <TD width="1%" nowrap align="left"> </TD> <TD width="1%"> </TD> <TD>The Agent will hold the shares it has acquired for you in safekeeping.</TD> </TR> </TABLE> </DIV> <DIV align="center"><DIV style="font-size: 0pt; margin-top: 10pt; width: 100%; border-top: 1px solid #000000"> </DIV></DIV> <DIV align="left" style="font-size: 11pt"><B>How to participate in the Plan</B> </DIV> <DIV align="left" style="font-size: 10pt">If you own shares in your own name, you can participate directly in the Plan. If your shares are held in “street name” – in the name of your brokerage firm, bank, or other financial institution – you must instruct that entity to participate on your behalf. If they are unable to participate on your behalf, you may request that they reregister your shares in your own name so that you may enroll in the Plan.</DIV> <DIV align="center"><DIV style="font-size: 0pt; margin-top: 10pt; width: 100%; border-top: 1px solid #000000"> </DIV></DIV> <DIV align="left" style="font-size: 11pt"><B>How to enroll</B> </DIV> <DIV align="left" style="font-size: 10pt">To enroll in the Plan, please read the Terms and Conditions in the Plan Brochure. You can enroll in the Plan by visiting invesco.com/us, calling toll-free 800 341 2929 or notifying us in writing at Invesco Closed-End Funds, Computershare Trust Company, N.A., P.O. Box 43078, Providence, RI 02940-3078. Please include your Trust name and account number and ensure that all shareholders listed on the account sign these written instructions. Your participation in the Plan will begin with the next Distribution payable after the Agent receives your authorization, as long as they receive it before the “record date,” which is generally 10 business days before such Distributions are paid. If your authorization arrives after such record date, your participation in the Plan will begin with the following Distributions.</DIV> </DIV> <DIV style="position: relative; float: left; margin-left: 2%; width: 32%"> <DIV align="center"><DIV style="font-size: 0pt; margin-top: 10pt; width: 100%; border-top: 1px solid #000000"> </DIV></DIV> <DIV align="left" style="font-size: 11pt"><B>How the Plan works</B> </DIV> <DIV align="left" style="font-size: 10pt">If you choose to participate in the Plan, your Distributions will be promptly reinvested for you, automatically increasing your reinvestment shares. If the Trust is trading at a share price that is equal to its NAV, you’ll pay that amount for your reinvested shares. However, if the Trust is trading above or below NAV, the price is determined by one of two ways:</DIV> <DIV style="margin-top: 1pt"> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt"> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <TD width="2%" style="background: transparent"> </TD> <TD width="1%" nowrap align="left">1.</TD> <TD width="1%"> </TD> <TD>Premium: If the Trust is trading at a premium – a market price that is higher than its NAV – you’ll pay either the NAV or 95 percent of the market price, whichever is greater. When the Trust trades at a premium, you’ll pay less for your reinvested shares than an investor purchasing shares on the stock exchange. Keep in mind, a portion of your price reduction may be taxable because you are receiving shares at less than market price.</TD> </TR> <TR> <TD style="font-size: 1pt"> </TD> </TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <TD width="2%" style="background: transparent"> </TD> <TD width="1%" nowrap align="left">2.</TD> <TD width="1%"> </TD> <TD>Discount: If the Trust is trading at a discount – a market price that is lower than NAV – you’ll pay the market price for your reinvested shares.</TD> </TR> </TABLE> </DIV> <DIV align="center"><DIV style="font-size: 0pt; margin-top: 10pt; width: 100%; border-top: 1px solid #000000"> </DIV></DIV> <DIV align="left" style="font-size: 11pt"><B>Costs of the Plan</B> </DIV> <DIV align="left" style="font-size: 10pt">There is no direct charge to you for reinvesting Distributions because the Plan’s fees are paid by your Trust. If your Trust is trading at or above its NAV, your new shares are issued directly by the Trust and there are no brokerage charges or fees. However, if your Trust is trading at a discount, the shares are purchased on the open market, and you will pay your portion of per share fees. These per share fees are typically less than the standard brokerage charges for individual transactions because shares are purchased for all Participants in blocks, resulting in lower fees for each individual Participant. Any service or per share fees are added to the purchase price. Per share fees include any applicable brokerage commissions the Agent is required to pay.</DIV> <DIV align="center"><DIV style="font-size: 0pt; margin-top: 10pt; width: 100%; border-top: 1px solid #000000"> </DIV></DIV> <DIV align="left" style="font-size: 11pt"><B>Tax implications</B> </DIV> <DIV align="left" style="font-size: 10pt">The automatic reinvestment of Distributions does not relieve you of any income tax that may be due on Distributions. You will receive tax information annually to help you prepare your federal income tax return.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 1pt"> <I>Invesco does not offer tax advice. The tax information contained herein is general and is not exhaustive by nature. It was not intended or written to be used, and it cannot be used, by any taxpayer for avoiding penalties that may be imposed on the taxpayer under U.S. federal tax laws. Federal and state tax laws are complex and constantly changing. Shareholders should always consult a legal or tax adviser for information concerning their individual situation.</I> </DIV> </DIV> <DIV style="position: relative; float: right; width: 32%"> <DIV align="center"><DIV style="font-size: 0pt; margin-top: 10pt; width: 100%; border-top: 1px solid #000000"> </DIV></DIV> <DIV align="left" style="font-size: 11pt"><B>How to withdraw from the Plan</B> </DIV> <DIV align="left" style="font-size: 10pt">You may withdraw from the Plan at any time by calling 800 341 2929, visiting invesco.com/us or by writing to Invesco Closed-End Funds, Computershare Trust Company, N.A., P.O. Box 43078, Providence, RI 02940-3078. Simply indicate that you would like to withdraw from the Plan, and be sure to include your Trust name and account number. Also, ensure that all shareholders listed on the account have signed these written instructions. If you withdraw, you have three options with regard to the shares held in the Plan:</DIV> <DIV style="margin-top: 1pt"> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt"> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <TD width="2%" style="background: transparent"> </TD> <TD width="1%" nowrap align="left">1.</TD> <TD width="1%"> </TD> <TD>If you opt to continue to hold your non-certificated whole shares (Investment Plan Book Shares), they will be held by the Agent electronically as Direct Registration Book-Shares (Book-Entry Shares) and fractional shares will be sold at the then-current market price. Proceeds will be sent via check to your address of record after deducting applicable fees.</TD> </TR> <TR> <TD style="font-size: 1pt"> </TD> </TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <TD width="2%" style="background: transparent"> </TD> <TD width="1%" nowrap align="left">2.</TD> <TD width="1%"> </TD> <TD>If you opt to sell your shares through the Agent, we will sell all full and fractional shares and send the proceeds via check to your address of record after deducting a $2.50 service fee and applicable per share fees. Per share fees include any applicable brokerage commissions the Agent is required to pay.</TD> </TR> <TR> <TD style="font-size: 1pt"> </TD> </TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <TD width="2%" style="background: transparent"> </TD> <TD width="1%" nowrap align="left">3.</TD> <TD width="1%"> </TD> <TD>You may sell your shares through your financial adviser through the Direct Registration System (DRS). DRS is a service within the securities industry that allows Trust shares to be held in your name in electronic format. You retain full ownership of your shares, without having to hold a share certificate. You should contact your financial adviser to learn more about any restrictions or fees that may apply.</TD> </TR> </TABLE> </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 1pt"> <B>To obtain a complete copy of the Dividend Reinvestment Plan, please call our Client Services department at 800 341 2929 or visit invesco.com/us.</B> </DIV> </DIV> <BR clear="all"><BR> <DIV style="margin-top: 24pt"> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt"> <TR valign="top" style="font-size: 7pt; color: #000000; background: transparent"> <TD width="6%" nowrap align="left"><!-- Folio --><B>3</B><!-- /Folio --></TD> <TD width="1%"> </TD> <TD><B>Invesco Van Kampen Trust for Value Municipals</B></TD> </TR> </TABLE> </DIV> </DIV> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 16pt; font-family: Arial, Helvetica">Schedule of Investments</FONT></B> </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <I><FONT style="font-size: 8pt; font-family: Arial, Helvetica">August 31, 2012</FONT></I> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <I><FONT style="font-size: 8pt; font-family: Arial, Helvetica">(Unaudited)</FONT></I> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="71%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=02 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=03 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=03 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=03 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=04 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=04 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=04 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=05 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=05 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=05 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=05 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Principal<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Interest<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Maturity<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Amount<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Rate</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Date</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">(000)</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Value</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="17" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="17" valign="top"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Municipal Obligations–155.00%<BR>  </FONT></B> </TD> </TR> <TR valign="bottom"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Alabama–2.89%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Bessemer Governmental Utility Services Corp.; Series 2008 A, Ref. Water Supply RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/39 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 525 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 562,601 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Birmingham (City of) Airport Authority; Series 2010, RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/30 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 800 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 901,872 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Birmingham (City of) Water Works Board; Series 2011, Water RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 01/01/36 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,815 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,022,037 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Selma (City of) Industrial Development Board; Series 2009 A, Gulf Opportunity Zone RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11/01/33 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 500 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 569,127 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 4,055,637 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Alaska–0.67%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Alaska (State of) Industrial Development & Export Authority (Providence Health Services); Series 2011 A, RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/41 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 810 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 935,437 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Arizona–2.66%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Arizona (State of) Health Facilities Authority (Catholic Healthcare West); Series 2011 B-2, RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 03/01/41 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 435 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 472,123 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Arizona (State of) Transportation Board; </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 B, Highway RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/25 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 430 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 507,559 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 B, Highway RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/26 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 645 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 757,430 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Maricopa (County of) Industrial Development Authority (Catholic Healthcare West); Series 2009 C, Health Facilities RB<SUP style="font-size: 85%; vertical-align: top">(c)(d)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/14 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 575 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 612,921 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Phoenix (City of) Industrial Development Authority (Career Success Schools); Series 2009, Education RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 7.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 01/01/29 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 735 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 780,695 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Phoenix (City of) Industrial Development Authority (Rowan University); Series 2012, Lease RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/42 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 550 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 593,318 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,724,046 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> California–24.49%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> ABAG Finance Authority for Non-profit Corps. (Jewish Home of San Francisco); Series 2005, VRD RB (LOC–Wells Fargo Bank N.A.)<SUP style="font-size: 85%; vertical-align: top">(e)(f)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.16 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11/15/35 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,000,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> California (State of) Department of Water Resources (Central Valley); </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 AE, Water System RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/01/24 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 200 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 240,068 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 AE, Water System RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/01/25 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 225 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 269,388 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 AE, Water System RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/01/26 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 225 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 268,565 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 AE, Water System RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/01/27 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 150 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 176,868 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 AE, Water System RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/01/28 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 225 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 264,762 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> California (State of) Housing Finance Agency; </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 K, Home Mortgage RB<SUP style="font-size: 85%; vertical-align: top">(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.30 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/01/23 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 975 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,011,982 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 K, Home Mortgage RB<SUP style="font-size: 85%; vertical-align: top">(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.45 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/01/28 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,038,990 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> California (State of) Statewide Communities Development Authority (Kaiser Permanente); Series 2012 A, RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 04/01/42 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,050 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,147,293 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> California (State of) Statewide Communities Development Authority (Pooled Financing Program); Series 2004 A, Water & Wastewater RB<SUP style="font-size: 85%; vertical-align: top">(h)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/19 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,565 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,654,189 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> California (State of); </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2010, Various Purpose Unlimited Tax GO Bonds </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 03/01/40 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 905 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,038,596 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2012, Various Purpose Unlimited Tax GO Bonds </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 04/01/42 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 490 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 539,951 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2012, Various Purpose Unlimited Tax GO Bonds </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 04/01/35 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 490 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 559,506 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> California Infrastructure & Economic Development Bank (Pacific Gas & Electric Co.); Series 2009 B, Ref. VRD RB (LOC–Mizuho Corporate Bank)<SUP style="font-size: 85%; vertical-align: top">(e)(f)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.16 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11/01/26 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Coachella (City of) Redevelopment Agency (Merged Project Areas); Series 2006 A, Sub. Tax Allocation RB (INS–AMBAC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 09/01/36 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,390 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,465,326 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Desert Community College District (Election of 2004); Series 2007 B, Unlimitd Tax GO Bonds (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/01/32 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 500 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 547,900 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> East Bay Municipal Utility District; Series 2010 A, Ref. Sub. Water System RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/36 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 945 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,101,426 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" align="left" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> </TABLE> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> See accompanying Notes to Financial Statements which are an integral part of the financial statements. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">4        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <!-- XBRL Table Pagebreak --> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="71%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=02 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=03 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=03 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=03 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=04 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=04 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=04 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=05 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=05 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=05 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=05 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Principal<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Interest<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Maturity<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Amount<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Rate</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Date</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">(000)</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Value</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="17" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <DIV style="text-indent: 0pt; margin-left: 0pt; z-index: 1; position: relative"> </DIV> <DIV style="text-indent: 0pt; margin-left: 0pt; z-index: 1; position: relative"> <FONT style="font-family: Arial, Helvetica"> <BR>California–(continued)<BR></FONT>  </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Regents of the University of California; </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2005 B, Limited Project RB<SUP style="font-size: 85%; vertical-align: top">(c)(h)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 05/15/13 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 2,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 2,087,760 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2012 G, Limited Project RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 05/15/37 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 425 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 491,636 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Sacramento (City of) Financing Authority; Series 2005 A, Tax Allocation RB (INS–NATL)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/01/34 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,043,320 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> San Diego Community College District (Election of 2006); Series 2011, Unlimited Tax GO Bonds<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/01/36 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 795 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 915,546 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> San Francisco (City & County of) Public Utilities Commission; Series 2012, Water RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11/01/33 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,176,350 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Southern California Metropolitan Water District; Series 2005 A, RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/35 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,102,140 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Southern California Public Power Authority (Milford Wind Corridor Phase II); <FONT style="white-space: nowrap">Series 2011-1, RB</FONT><SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/29 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,950 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,342,633 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Twin Rivers Unified School District (School Facility Bridge Funding Program); Series 2007, COP (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)(c)(d)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 05/31/13 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,001,230 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Vernon (City of); Series 2009 A, Electric System RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.13 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/01/21 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 550 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 611,605 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> West Contra Costa Unified School District; </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2005, Unlimited Tax CAB GO Bonds (INS–NATL)<SUP style="font-size: 85%; vertical-align: top">(a)(i)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/01/25 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,485 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 807,573 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2005, Unlimited Tax CAB GO Bonds (INS–NATL)<SUP style="font-size: 85%; vertical-align: top">(a)(i)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/01/26 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,350 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 693,225 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> West Sacramento (City of) Financing Authority; Series 2006 A, Special Tax RB (INS–SGI)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 09/01/26 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,500 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,712,850 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 34,310,678 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Colorado–3.83%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Colorado (State of) Educational & Cultural Facilities Authority (Challenge to Excellence Charter School); Series 2007, Ref. Charter School RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/37 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,500 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,640,800 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Colorado (State of) Health Facilities Authority (Catholic Health); Series 2006 C5, RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 09/01/36 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,200 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,284,420 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Denver (City of) Convention Center Hotel Authority; Series 2006, Ref. Sr. RB (INS–SGI)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/01/35 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,400 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,435,868 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5,361,088 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Connecticut–1.02%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Connecticut (State of) Development Authority (Aquarion Water Co.); Series 2007, Ref. Water Facilities RB (INS–SGI)<SUP style="font-size: 85%; vertical-align: top">(a)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.10 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 09/01/37 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,375 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,432,489 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> District of Columbia–1.35%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> District of Columbia (Sibley Memorial Hospital); Series 2009, Hospital RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/29 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,182,950 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> District of Columbia Water & Sewer Authority; </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 A, Ref. Public Utility Sub. Lien RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/29 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 250 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 285,290 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 A, Ref. Public Utility Sub. Lien RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/34 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 375 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 419,396 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,887,636 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Florida–15.37%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Broward (County of); Series 2012 A, Water & Sewer Utility RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/37 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 585 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 680,882 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Cape Coral (City of); Series 2011, Ref. Water & Sewer RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/41 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 870 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 976,166 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Citizens Property Insurance Corp. (High Risk Account); Series 2010 <FONT style="white-space: nowrap">A-1,</FONT> Sr. Sec. RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/14 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,070,800 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Escambia (County of) Health Facilities Authority (Florida Health Care Facility Loan Veterans Health Administration Program); Series 2000, RB (INS–AMBAC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.95 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/20 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 125 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 130,330 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Florida (State of) Board of Education; Series 2007 B, Lottery RB (INS–BHAC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/27 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6,684,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Hillsborough (County of) Aviation Authority; </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 A, RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)(b)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.38 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/33 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 250 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 271,128 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 A, RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)(b)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/38 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 550 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 598,939 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Martin (County of) Health Facilities Authority (Martin Memorial Medical Center); Series 2012, RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11/15/27 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 920 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 986,985 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Miami-Dade (County of) (Miami International Airport); </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2002, Aviation RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.38 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/27 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,003,540 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2004, Aviation RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 4.75 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/36 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,030 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,048,252 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2005, Aviation RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/38 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 790 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 815,335 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Miami-Dade (County of) Educational Facilities Authority (University of Miami); Series 2008 A, RB (INS–BHAC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 04/01/38 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,370 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,525,084 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" align="left" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> </TABLE> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> See accompanying Notes to Financial Statements which are an integral part of the financial statements. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">5        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <!-- XBRL Table Pagebreak --> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="71%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=02 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=03 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=03 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=03 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=04 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=04 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=04 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=05 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=05 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=05 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=05 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Principal<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Interest<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Maturity<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Amount<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Rate</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Date</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">(000)</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Value</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="17" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <DIV style="text-indent: 0pt; margin-left: 0pt; z-index: 1; position: relative"> </DIV> <DIV style="text-indent: 0pt; margin-left: 0pt; z-index: 1; position: relative"> <FONT style="font-family: Arial, Helvetica"> <BR>Florida–(continued)<BR></FONT>  </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Miami-Dade (County of) Expressway Authority; Series 2010 A, Ref. Toll System RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/35 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 720 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 800,964 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Miami-Dade (County of); Series 2010, Water & Sewer System RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/39 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,117,100 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Palm Beach (County of) Solid Waste Authority; </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2009, Improvement RB (INS–BHAC)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/23 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 750 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 918,278 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2011, Ref. RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/31 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 660 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 766,821 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Putnam (County of) Development Authority (Seminole Electric Cooperative); Series 2007 A, Ref. PCR (INS–AMBAC)<SUP style="font-size: 85%; vertical-align: top">(a)(c)(d)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.35 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 05/01/18 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,134,740 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 21,529,344 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Georgia–6.06%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Atlanta (City of); Series 2010 A, General Airport RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 01/01/35 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,221,840 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Fulton (County of) Development Authority (Georgia Tech Athletic Association); Series 2012, Ref. RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/42 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 300 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 334,572 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Metropolitan Atlanta Rapid Transit Authority; Series 2007 B, Ref. Third Indenture Sales Tax RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/34 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 660 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 750,770 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Newton (County of) Industrial Development Authority (GPC Foundation Real Estate Newton, LLC Academic Building–Newton Campus); Series 2005, RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/34 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,100,520 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Private Colleges & Universities Authority (Emory University); Series 2009 B, RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 09/02/29 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,310,240 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Private Colleges & Universities Authority (Mercer University); </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2012 A, RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/27 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 455 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 504,527 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2012 A, RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/32 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 250 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 268,482 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 8,490,951 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Illinois–15.18%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Bolingbrook (Village of); Series 1999 B, Unlimted Tax CAB GO Bonds (INS–NATL)<SUP style="font-size: 85%; vertical-align: top">(a)(i)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 01/01/32 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 725 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 249,291 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Chicago (City of) (O’Hare International Airport); Series 2003 B-2, Third Lien General Airport RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.75 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 01/01/22 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5,232,150 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Chicago (City of) Board of Education; Series 2008 C, Ref. Unlimited Tax GO Bonds (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/01/27 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,925 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,157,636 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Chicago (City of) Transit Authority; Series 2011, Sales Tax Receipts RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/01/36 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 975 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,117,496 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Chicago (City of); </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 A, Unlimited Tax GO Bonds (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 01/01/24 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,137,280 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 A, Unlimited Tax GO Bonds (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 01/01/25 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,133,540 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2012 A, Unlimited Tax GO Bonds </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 01/01/33 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 700 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 793,387 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Illinois (State of) Finance Authority (Loyola University of Chicago); Series 2012 B, RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/42 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,124,280 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Illinois (State of) Finance Authority (Resurrection Health Care); Series 1999 A, RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 05/15/24 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,257,610 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Illinois (State of) Finance Authority (Robert Morris College); Series 2000, RB (INS–NATL)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.80 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/30 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,001,380 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Illinois (State of) Finance Authority (Sherman Health System); Series 2007 A, RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/01/37 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,080,910 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion); Series 2012 B, RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/15/28 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,110 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,298,600 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Peoria (County of); Series 2011, Unlimited Tax GO Bonds<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/15/41 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 600 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 660,384 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Railsplitter Tobacco Settlement Authority; Series 2010, RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/23 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 880 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,028,236 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 21,272,180 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Indiana–5.12%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Indiana (State of) Finance Authority (Ascension Health Senior Credit); Series 2006 B-6, RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11/15/36 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 4,600 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 4,914,778 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Indiana (State of) Finance Authority (Ohio Valley Electric Corp.); Series 2012 A, Midwestern Disaster Relief RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/32 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 315 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 337,078 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> New Albany Floyd County School Building Corp.; Series 2005, Ref. First Mortgage RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/15/25 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,800 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,922,328 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 7,174,184 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Iowa–1.22%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Iowa (State of) Finance Authority (Iowa Health System); Series 2008 A, Health Facilities RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/15/29 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,500 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,707,915 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="line-height: 5pt"> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> </TABLE> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> See accompanying Notes to Financial Statements which are an integral part of the financial statements. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">6        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <!-- XBRL Table Pagebreak --> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="71%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=02 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=03 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=03 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=03 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=04 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=04 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=04 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=05 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=05 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=05 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=05 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Principal<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Interest<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Maturity<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Amount<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Rate</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Date</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">(000)</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Value</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="17" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Kentucky–2.46%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Kentucky (State of) Economic Development Finance Authority (Louisville Arena Authority, Inc.); Subseries 2008 <FONT style="white-space: nowrap">A-1,</FONT> RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/01/42 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 1,099,870 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Kentucky (State of) Economic Development Finance Authority (Owensboro Medical Health System, Inc.) Series 2010 B, Ref. Hospital RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.38 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 03/01/40 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,985 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,349,347 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,449,217 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Louisiana–1.77%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Lafayette (City of) Public Trust Financing Authority (Ragin’ Cajun Facilities, Inc.-Housing & Parking); Series 2010, RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/35 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 960 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,098,854 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Louisiana Citizens Property Insurance Corp.; Series 2006 B, Assessment RB (INS–AMBAC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/20 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,109,480 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> St. Charles (Parish of) (Valero Energy Corp.); Series 2010, Gulf Opportunity Zone RB<SUP style="font-size: 85%; vertical-align: top">(c)(d)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 4.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/22 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 250 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 269,125 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,477,459 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Massachusetts–1.07%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Massachusetts (State of) Development Finance Agency (Tufts University); Series 2008 N-2, VRD RB<SUP style="font-size: 85%; vertical-align: top">(e)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.15 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/15/34 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,500 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,500,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Michigan–2.09%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Detroit (City of); Series 2003 B, Sr. Lien Sewage Disposal System RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 7.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/33 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,250 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,574,425 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Monroe County Economic Development Corp. (Detroit Edison Co.); Series 1992 AA, Ref. RB (INS–NATL)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.95 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 09/01/22 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,349,380 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,923,805 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Minnesota–0.43%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Minneapolis (City of) (Fairview Health Services); Series 2008 A, Health Care System RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.38 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11/15/23 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 500 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 601,495 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Missouri–2.21%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Kansas City (City of) Industrial Development Authority (Downtown Redevelopment District); </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2011 A, Ref. RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 09/01/24 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 175 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 213,014 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2011 A, Ref. RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 09/01/25 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 305 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 368,443 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2011 A, Ref. RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 09/01/27 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 200 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 238,694 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Missouri (State of) Joint Municipal Electric Utility Commission (Plum Point); Series 2006, Power Project RB (INS–NATL)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 01/01/21 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,065,730 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Nixa (City of); Series 2005, Electric System RB<SUP style="font-size: 85%; vertical-align: top">(c)(h)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 04/01/25 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,175 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,207,477 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,093,358 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Nebraska–2.51%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Nebraska (State of) Investment Finance Authority (Summit Club Apartments); Series 1997, MFH RB<SUP style="font-size: 85%; vertical-align: top">(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.70 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/12 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 220 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 220,704 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Nebraska (State of) Municipal Energy Agency; Series 2009 A, Ref. Power Supply System RB (INS–BHAC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.13 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 04/01/29 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,154,340 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Nebraska (State of) Public Power District; Series 2007 B, General RB (INS–BHAC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 01/01/37 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,144,660 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,519,704 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Nevada–4.91%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Clark (County of) (Las Vegas-McCarran International Airport); Series 2010 A, Passenger Facility Charge RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/39 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,123,620 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Clark (County of) (Southwest Gas Corp.); Series 2004 A, IDR (INS–AMBAC)<SUP style="font-size: 85%; vertical-align: top">(a)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/34 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 4,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 4,099,440 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Nevada (State of) (Municipal Bond Bank–R9A Thru R13F); Series 2005, Limited Tax GO Bonds (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/01/23 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,500 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,650,195 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6,873,255 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> New Hampshire–0.79%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Manchester (City of); Series 2009 A, Ref. General Airport RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.13 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 01/01/30 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,108,620 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="line-height: 5pt"> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> </TABLE> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> See accompanying Notes to Financial Statements which are an integral part of the financial statements. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">7        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <!-- XBRL Table Pagebreak --> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="71%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=02 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=03 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=03 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=03 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=04 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=04 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=04 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=05 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=05 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=05 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=05 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Principal<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Interest<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Maturity<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Amount<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Rate</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Date</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">(000)</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Value</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="17" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> New Jersey–2.33%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> New Jersey (State of) Economic Development Authority; Series 2007 U, School Facilities RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 09/01/32 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 3,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 3,270,120 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> New Mexico–0.30%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> New Mexico (State of) Hospital Equipment Loan Council (Presbyterian Health Care Services); Series 2008 A, Hospital RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.38 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/01/32 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 350 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 416,413 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> New York–4.35%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Long Island Power Authority; Series 2011 A, Electric System General RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 05/01/36 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,045 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,174,977 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> New York & New Jersey (States of) Port Authority (JFK International Air Terminal LLC); Series 1997 6, Special Obligation RB (INS–NATL)<SUP style="font-size: 85%; vertical-align: top">(a)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.75 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/01/25 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,000,750 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> New York (State of) Dormitory Authority (City of New York); Series 2005 A, Court Facilities Lease RB (INS–AMBAC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 05/15/28 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 600 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 783,648 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> New York (State of) Thruway Authority; Series 2011 <FONT style="white-space: nowrap">A-1,</FONT> Second General Highway & Bridge Trust Fund RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 04/01/29 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 960 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,130,947 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6,090,322 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> North Carolina–2.33%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Brunswick (County of); Series 2004 A, Enterprise System RB<SUP style="font-size: 85%; vertical-align: top">(c)(h)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 04/01/14 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,585 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,708,836 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> North Carolina (State of) Turnpike Authority; Series 2009 A, Triangle Expressway System RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.13 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 01/01/24 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,355 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,556,543 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,265,379 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Ohio–4.00%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> American Municipal Power, Inc. (Amp Fremont Energy Center); Series 2012, RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 02/15/37 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 630 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 707,395 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Hamilton (County of) (Christ Hospital); Series 2012, Health Care Facilities RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/32 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 600 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 659,766 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Lorain (County of) (Catholic Healthcare Partners); </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2003 C-1, Ref. Hospital Facilities RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 04/01/24 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 775 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 865,877 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2006 A, Hospital Facilities RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 02/01/24 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 725 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 810,296 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2006 B, Hospital Facilities RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 02/01/24 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 750 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 838,283 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Ohio (State of) Air Quality Development Authority (FirstEnergy Generation Corp.); Series 2009 C, Ref. PCR </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.63 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/18 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,162,230 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Ohio (State of) Water Development Authority (FirstEnergy Nuclear Generation Corp.); Series 2009 A, Ref. PCR<SUP style="font-size: 85%; vertical-align: top">(c)(d)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.88 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/16 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 500 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 563,545 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5,607,392 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Oklahoma–0.99%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Tulsa (City of) Airports Improvement Trust; Series 2000 A, General RB (INS–NATL)<SUP style="font-size: 85%; vertical-align: top">(a)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/20 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,250 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,384,712 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Pennsylvania–0.40%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Pittsburgh (City of) & Allegheny (County of) Sports & Exhibition Authority (Regional Asset District); Series 2010, Ref. Sales Tax RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 02/01/31 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 500 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 564,540 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Puerto Rico–0.78%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Puerto Rico (Commonwealth of) Aqueduct & Sewer Authority; </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2012 A, Sr. Lien RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/33 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 475 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 481,788 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2012 A, Sr. Lien RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/42 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 325 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 327,086 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2012 A, Sr. Lien RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/47 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 260 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 284,742 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,093,616 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Rhode Island–0.43%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Rhode Island Economic Development Corp.; Series 1994 A, Airport RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 7.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/14 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 570 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 600,239 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> South Carolina–8.78%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Dorchester County School District No. 2 (Growth); Series 2006, Installment Purchase RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/01/29 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 4,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 4,467,240 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Piedmont Municipal Power Agency; Series 2011 C, Ref. Electric RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.75 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 01/01/34 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,590 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,895,041 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> South Carolina (State of) Jobs-Economic Development Authority (AnMed Health); Series 2009 B, Ref. & Improvement Hospital RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.38 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 02/01/29 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,120,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" align="left" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> </TABLE> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> See accompanying Notes to Financial Statements which are an integral part of the financial statements. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">8        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <!-- XBRL Table Pagebreak --> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="71%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=02 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=03 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=03 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=03 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=04 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=04 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=04 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=05 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=05 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=05 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=05 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Principal<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Interest<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Maturity<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Amount<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Rate</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Date</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">(000)</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Value</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="17" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <DIV style="text-indent: 0pt; margin-left: 0pt; z-index: 1; position: relative"> </DIV> <DIV style="text-indent: 0pt; margin-left: 0pt; z-index: 1; position: relative"> <FONT style="font-family: Arial, Helvetica"> <BR>South Carolina–(continued)<BR></FONT>  </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> South Carolina (State of) Jobs-Economic Development Authority (Electric & Gas Co.); Series 2002 B, IDR (INS–AMBAC)<SUP style="font-size: 85%; vertical-align: top">(a)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.45 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11/01/32 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 3,750 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 3,759,600 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> South Carolina (State of) Jobs-Economic Development Authority (Palmetto Health Alliance); Series 2003 A, Ref. Hospital Facilities RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/01/31 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,062,130 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12,304,011 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> South Dakota–0.85%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> South Dakota (State of) Health & Educational Facilities Authority (Vocational Education Program); </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 1998 A, RB (INS–AMBAC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.40 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/01/13 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 75 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 76,176 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008, RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/01/38 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,119,910 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,196,086 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Tennessee–1.24%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Memphis Center City Revenue Finance Corp. (Pyramid & Pinch District Redevelopment); Series 2011 B, Sub. RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11/01/30 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 525 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 624,829 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Shelby (County of) Health, Educational & Housing Facilities Board (Methodist Healthcare); Series 2004 B, RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 09/01/27 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,106,780 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,731,609 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Texas–18.66%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Austin (City of); Series 2012, Ref. Water & Wastewater System RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11/15/42 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,161,770 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Dallas (City of) (Civic Center Convention Complex); Series 2009, Ref. & Improvement RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/15/19 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,182,780 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Dallas-Fort Worth International Airport Facilities Improvement Corp.; </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2001 A, Ref. & Improvement Joint RB (INS–NATL)<SUP style="font-size: 85%; vertical-align: top">(a)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.88 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11/01/17 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 570 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 572,183 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2001 A, Ref. & Improvement Joint RB (INS–NATL)<SUP style="font-size: 85%; vertical-align: top">(a)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.88 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11/01/18 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 425 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 426,628 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2001 A, Ref. & Improvement RB (INS–BHAC)<SUP style="font-size: 85%; vertical-align: top">(a)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11/01/31 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,890 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,893,062 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> El Paso (County of) Hospital District; </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 A, Limited Tax GO Bonds (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/15/28 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,242,700 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 A, Limited Tax GO Bonds (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/15/37 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,350 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,472,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Harris (County of) Metropolitan Transit Authority; Series 2011 A, Sales & Use Tax RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11/01/36 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 750 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 863,888 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Harris (County of); Series 2009 A, Sr. Lien Toll Road RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/15/32 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,500 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,729,245 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Houston (City of); Series 2007 A, Ref. First Lien Combined Utility System RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11/15/36 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,025 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,305,584 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Judson Independent School District; Series 2008, School Building Unlimited Tax GO Bonds (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 02/01/37 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,066,980 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Laredo Independent School District Public Facility Corp.; </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2004 A, Lease RB (INS–AMBAC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/01/29 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 500 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 502,255 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2004 C, Lease RB (INS–AMBAC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/01/29 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,004,510 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> North Texas Tollway Authority; Series 2011 A, Special Projects System RB<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 09/01/36 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 750 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 896,603 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> San Jacinto River Authority (Groundwater Reduction Plan Division); </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2011, Special Project RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/32 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 485 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 541,391 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2011, Special Project RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10/01/37 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 525 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 579,731 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Tarrant County Cultural Education Facilities Finance Corp. (CHRISTUS Health); Series 2008 A, Ref. RB (INS–AGC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 07/01/37 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,175,550 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Tarrant County Health Facilities Development Corp. (Cook Children’s Medical Center); Series 2007 B, Ref. Hospital RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/01/30 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 925 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,002,737 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Texas (State of) Turnpike Authority (Central Texas Turnpike System); Series 2002 A, First Tier RB (INS–AMBAC)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/15/39 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5,040,350 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC North Tarrant Express Management Lanes); Series 2009, Sr. Lien RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.88 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12/31/39 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 400 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 481,176 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 26,141,123 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="line-height: 5pt"> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> <TD> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> </TABLE> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> See accompanying Notes to Financial Statements which are an integral part of the financial statements. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">9        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <!-- XBRL Table Pagebreak --> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="71%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=02 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=03 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=03 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=03 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=04 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=04 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=04 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=05 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=05 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=05 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=05 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Principal<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Interest<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Maturity<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Amount<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Rate</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Date</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">(000)</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Value</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="17" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Utah–2.34%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Utah Housing Corp.; Series 2007 <FONT style="white-space: nowrap">E-1,</FONT> Class I, Single Family Mortgage RB<SUP style="font-size: 85%; vertical-align: top">(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 01/01/39 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 715 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 724,996 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Utah (State of) Transit Authority; Series 2008 A, Sales Tax RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/15/36 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,200 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,557,852 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,282,848 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Virginia–0.28%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Virginia (State of) Small Business Financing Authority (Elizabeth River Crossings Opco, LLC); Series 2012, Sr. Lien RB<SUP style="font-size: 85%; vertical-align: top">(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 01/01/42 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 360 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 398,279 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Washington–5.73%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Seattle (Port of); Series 2012 A, Ref. Intermediate Lien RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/01/30 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 540 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 637,875 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Washington (State of) Health Care Facilities Authority (MultiCare Health System); Series 2007 B, RB (INS–AGM)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/15/38 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 4,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 4,391,680 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> West Valley School District No. 363; Series 2004, Unlimited Tax GO Bonds<SUP style="font-size: 85%; vertical-align: top">(c)(h)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/14 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,760 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,998,933 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 8,028,488 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD colspan="5" valign="top"> <FONT style="font-family: Arial, Helvetica"> <BR> Wisconsin–3.11%<BR>   </FONT> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Wisconsin (State of) Health & Educational Facilities Authority (Mercy Alliance); Series 2012, RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 06/01/39 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,071,260 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Wisconsin (State of) Health & Educational Facilities Authority (Ministry Health Care); Series 2012 C, Ref. RB </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.00 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 08/15/32 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 370 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 410,885 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Wisconsin (State of) Housing & Economic Development Authority; </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 A, Home Ownership RB<SUP style="font-size: 85%; vertical-align: top">(b)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.30 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 09/01/23 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,089,660 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> Series 2008 A, Home Ownership RB<SUP style="font-size: 85%; vertical-align: top">(b)(g)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.50 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 09/01/28 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 43 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 46,088 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Wisconsin (State of); </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> <FONT style="white-space: nowrap">Series 2004-3,</FONT> Ref. Unlimited Tax GO Bonds<SUP style="font-size: 85%; vertical-align: top">(c)(h)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 05/01/14 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,445 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,562,349 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: 0pt; margin-left: 18pt"> <FONT style="white-space: nowrap">Series 2004-3,</FONT> Ref. Unlimited Tax GO Bonds (INS–NATL)<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.25 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 05/01/22 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 165 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 177,614 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 4,357,856 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> TOTAL INVESTMENTS<SUP style="font-size: 85%; vertical-align: top">(j)</SUP>–155.00% (Cost $200,652,994) </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 217,161,531 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> FLOATING RATE NOTE OBLIGATIONS–(18.91%) </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Notes with interest rates ranging from 0.15% to 0.34% at <FONT style="white-space: nowrap">08/31/12</FONT> and contractual maturities of collateral ranging from <FONT style="white-space: nowrap">09/01/23</FONT> to <FONT style="white-space: nowrap">12/15/41</FONT> (See Note 1J)<SUP style="font-size: 85%; vertical-align: top">(k)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (26,500,000 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> VARIABLE RATE MUNI TERM PREFERRED SHARES–(37.26%) </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (52,200,000 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> OTHER ASSETS LESS LIABILITIES–1.17% </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,623,653 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> NET ASSETS APPLICABLE TO COMMON SHARES–100.00% </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 140,085,184 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" align="left" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> Investment Abbreviations: </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="9%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="90%"> </TD> <!-- colindex=02 type=maindata --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <!-- TableOutputBody --> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> AGC </DIV> </TD> <TD> </TD> <TD align="left" valign="top"> – Assured Guaranty Corp. </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> AGM </DIV> </TD> <TD> </TD> <TD align="left" valign="top"> – Assured Guaranty Municipal Corp. </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> AMBAC </DIV> </TD> <TD> </TD> <TD align="left" valign="top"> – American Municipal Bond Assurance Corp. </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> BHAC </DIV> </TD> <TD> </TD> <TD align="left" valign="top"> – Berkshire Hathaway Assurance Corp. </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> CAB </DIV> </TD> <TD> </TD> <TD align="left" valign="top"> – Capital Appreciation Bonds </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> COP </DIV> </TD> <TD> </TD> <TD align="left" valign="top"> – Certificates of Participation </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> GO </DIV> </TD> <TD> </TD> <TD nowrap align="left" valign="top"> – General Obligation </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> IDR </DIV> </TD> <TD> </TD> <TD align="left" valign="top"> – Industrial Development Revenue Bonds </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> INS </DIV> </TD> <TD> </TD> <TD nowrap align="left" valign="top"> – Insurer </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> LOC </DIV> </TD> <TD> </TD> <TD align="left" valign="top"> – Letter of Credit </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> MFH </DIV> </TD> <TD> </TD> <TD nowrap align="left" valign="top"> – Multi-Family Housing </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> NATL </DIV> </TD> <TD> </TD> <TD align="left" valign="top"> – National Public Finance Guarantee Corp. </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> PCR </DIV> </TD> <TD> </TD> <TD align="left" valign="top"> – Pollution Control Revenue Bonds </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> RB </DIV> </TD> <TD> </TD> <TD nowrap align="left" valign="top"> – Revenue Bonds </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Ref. </DIV> </TD> <TD> </TD> <TD nowrap align="left" valign="top"> – Refunding </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Sec. </DIV> </TD> <TD> </TD> <TD nowrap align="left" valign="top"> – Secured </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> SGI </DIV> </TD> <TD> </TD> <TD align="left" valign="top"> – Syncora Guarantee, Inc. </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Sr. </DIV> </TD> <TD> </TD> <TD nowrap align="left" valign="top"> – Senior </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Sub. </DIV> </TD> <TD> </TD> <TD nowrap align="left" valign="top"> – Subordinated </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> VRD </DIV> </TD> <TD> </TD> <TD align="left" valign="top"> – Variable Rate Demand </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> See accompanying Notes to Financial Statements which are an integral part of the financial statements. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">10        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> Notes to Schedule of Investments: </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <TR> <TD width="1%"></TD> <TD width="1%"></TD> <TD width="98%"></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(a)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Principal <FONT style="white-space: nowrap">and/or</FONT> interest payments are secured by the bond insurance company listed. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(b)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Underlying security related to Dealer Trusts entered into by the Trust. See Note 1J. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(c)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(d)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on August 31, 2012. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(e)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically. Rate shown is the rate in effect on August 31, 2012. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(f)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Principal and interest payments are fully enhanced by a letter of credit from the bank listed or a predecessor bank, branch or subsidiary. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(g)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Security subject to the alternative minimum tax. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(h)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(i)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Zero coupon bond issued at a discount. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(j)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">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 issuer’s obligations but may be called upon to satisfy the issuer’s obligations. </FONT></TD> </TR> </TABLE> <DIV style="margin-top: 9pt; font-size: 1pt"> </DIV> <DIV style="margin-left: 3%; margin-right: 0%"> <TABLE border="0" width="97%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="92%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=02 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="left" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Entities</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Percentage</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="5" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Assured Guaranty Municipal Corp.  </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 24.7 </TD> <TD nowrap align="left" valign="bottom"> % </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Assured Guaranty Corp.  </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 15.3 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> American Municipal Bond Assurance Corp.  </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 9.7 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Berkshire Hathaway Assurance Corp.  </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.6 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> National Public Finance Guarantee Corp.  </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.3 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" align="left" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> </TABLE> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <TR> <TD width="1%"></TD> <TD width="1%"></TD> <TD width="98%"></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(k)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Floating rate note obligations related to securities held. The interest rates shown reflect the rates in effect at August 31, 2012. At August 31, 2012, the Trust’s investments with a value of $48,806,562 are held by Dealer Trusts and serve as collateral for the $26,500,000 in the floating rate note obligations outstanding at that date. </FONT></TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV><B><FONT style="font-size: 16pt; font-family: Arial, Helvetica">Portfolio Composition</FONT></B> </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <I><FONT style="font-size: 8pt; font-family: Arial, Helvetica">By credit sector, based on Total Investments</FONT></I> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <I><FONT style="font-size: 8pt; font-family: Arial, Helvetica">as of August 31, 2012</FONT></I> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="86%"> </TD> <!-- colindex=01 type=maindata --> <TD width="3%"> </TD> <!-- colindex=02 type=gutter --> <TD width="5%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="5%" align="left"> </TD> <!-- colindex=02 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Revenue Bonds </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 84.1 </TD> <TD nowrap align="left" valign="bottom"> % </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> General Obligation Bonds </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 8.2 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Pre-refunded Bonds </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.2 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Other </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2.5 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" align="left" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> See accompanying Notes to Financial Statements which are an integral part of the financial statements. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">11        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 16pt; font-family: Arial, Helvetica">Statement of Assets and Liabilities</FONT></B> </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <I><FONT style="font-size: 8pt; font-family: Arial, Helvetica">August 31, 2012</FONT></I> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <I><FONT style="font-size: 8pt; font-family: Arial, Helvetica">(Unaudited)</FONT></I> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="84%"> </TD> <!-- colindex=01 type=maindata --> <TD width="3%"> </TD> <!-- colindex=02 type=gutter --> <TD width="6%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="6%" align="left"> </TD> <!-- colindex=02 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Assets:<BR>  </FONT></B> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Investments, at value (Cost $200,652,994) </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 217,161,531 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Receivable for: </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Investments sold </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 25,110 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Interest </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,502,880 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Deferred offering costs </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 175,324 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Other assets </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 22,390 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 27pt"> Total assets </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 219,887,235 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Liabilities:<BR>  </FONT></B> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Floating rate note obligations </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 26,500,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Variable rate muni term preferred shares, at liquidation value ($0.01 par value, 522 issued with liquidation preference of $100,000 per share) </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 52,200,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Payable for: </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Amount due custodian </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,004,125 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Accrued fees to affiliates </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 17 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Accrued other operating expenses </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 43,185 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Accrued interest expense </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 54,724 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 27pt"> Total liabilities </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 79,802,051 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Net assets applicable to common shares </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 140,085,184 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Net assets applicable to common shares consist of:<BR>  </FONT></B> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Shares of beneficial interest — common shares </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 143,354,651 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Undistributed net investment income </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,977,194 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Undistributed net realized gain </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (21,755,198 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Unrealized appreciation </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 16,508,537 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 140,085,184 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Shares outstanding, $0.01 par value per share, with an unlimited number of shares authorized:<BR>  </FONT></B> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Common shares outstanding </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 9,701,311 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Net asset value per common share </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 14.44 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Market value per common share </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 14.83 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" align="left" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> See accompanying Notes to Financial Statements which are an integral part of the financial statements. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">12        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 16pt; font-family: Arial, Helvetica">Statement of Operations</FONT></B> </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <I><FONT style="font-size: 8pt; font-family: Arial, Helvetica">For the six months ended August 31, 2012</FONT></I> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <I><FONT style="font-size: 8pt; font-family: Arial, Helvetica">(Unaudited)</FONT></I> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="94%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=02 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Investment income:<BR>  </FONT></B> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Interest </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 4,769,949 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Expenses:<BR>  </FONT></B> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Advisory fees </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 600,336 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Administrative services fees </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 25,205 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Custodian fees </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,421 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Interest, facilities and maintenance fees </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 307,261 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Transfer agent fees </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12,139 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Trustees’ and officers’ fees and benefits </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11,349 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Professional services fees </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 59,762 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Other </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 50,058 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 27pt"> Total expenses </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,069,531 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Net investment income </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,700,418 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD colspan="5" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Realized and unrealized gain:<BR>  </FONT></B> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Net realized gain from investment securities </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 79,454 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Change in net unrealized appreciation of investment securities </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,240,836 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Net realized and unrealized gain </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,320,290 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Net increase in net assets resulting from operations </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 7,020,708 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Distributions to preferred shareholders from net investment income </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (14,092 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Net increase in net assets resulting from operations applicable to common shares </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 7,006,616 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" align="left" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> See accompanying Notes to Financial Statements which are an integral part of the financial statements. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">13        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 16pt; font-family: Arial, Helvetica">Statement of Changes in Net Assets</FONT></B> </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <I><FONT style="font-size: 8pt; font-family: Arial, Helvetica">For the six months ended August 31, 2012 and the year ended February 29, 2012</FONT></I> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <I><FONT style="font-size: 8pt; font-family: Arial, Helvetica">(Unaudited)</FONT></I> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="83%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=02 type=hang1 --> <TD width="2%"> </TD> <!-- colindex=03 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=03 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=03 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">August 31,<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">February 29,<BR> </FONT></B> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">2012</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">2012</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="9" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="9" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Operations:<BR>  </FONT></B> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Net investment income </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 3,700,418 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 8,351,217 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="9" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Net realized gain (loss) </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 79,454 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (1,216,563 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="9" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Change in net unrealized appreciation </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,240,836 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 18,360,924 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="9" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 27pt"> Net increase in net assets resulting from operations </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 7,020,708 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 25,495,578 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="9" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Distributions to preferred shareholders from net investment income </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (14,092 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (65,234 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="9" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Net increase in net assets from operations applicable to common shares </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 7,006,616 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 25,430,344 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="9" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Distributions to shareholders from net investment income </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (4,276,156 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (8,422,558 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="9" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="9" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Share <FONT style="white-space: nowrap">transactions-net:</FONT><BR>  </FONT></B> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Net increase in net assets resulting from share transactions </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 143,916 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 71,670 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="9" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Net increase in net assets </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2,874,376 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 17,079,456 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="9" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD colspan="9" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Net assets applicable to common shares:<BR>  </FONT></B> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Beginning of period </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 137,210,808 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 120,131,352 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="9" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> End of period (includes undistributed net investment income of $1,977,194 and $2,567,024, respectively) </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 140,085,184 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 137,210,808 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="9" align="left" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> See accompanying Notes to Financial Statements which are an integral part of the financial statements. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">14        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 16pt; font-family: Arial, Helvetica">Statement of Cash Flows</FONT></B> </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <I><FONT style="font-size: 8pt; font-family: Arial, Helvetica">For the six months ended August 31, 2012</FONT></I> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <I><FONT style="font-size: 8pt; font-family: Arial, Helvetica">(Unaudited)</FONT></I> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="94%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=02 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Cash provided by operating activities:<BR>  </FONT></B> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Net increase in net assets resulting from operations applicable to common shares </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 7,006,617 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Adjustments to reconcile the change in net assets applicable to common shares from operations to net cash provided by operating activities:<BR>  </FONT></B> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Purchases of investments </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (13,594,597 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Proceeds from sales of investments </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 17,331,490 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Amortization of premium </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 288,691 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Accretion of discount </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (70,883 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Increase in interest receivable and other assets </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (131,373 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Decrease in accrued expenses and other payables </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (19,016 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Net realized gain from investment securities </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (79,454 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Net change in unrealized appreciation on investment securities </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (3,240,836 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 27pt"> Net cash provided by operating activities </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 7,490,639 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Cash provided by (used in) financing activities:<BR>  </FONT></B> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Dividends paid to common shareholders from net investment income </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (4,132,240 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Decrease in payable for amount due custodian </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (3,333,399 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Increase in VMTP shares, at liquidation value </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 52,200,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Net proceeds from the redemption of preferred shares </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (52,200,000 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Net proceeds from floating rate note obligations </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (25,000 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 27pt"> Net cash provided by (used in) financing activities </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (7,490,639 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Net increase (decrease) in cash </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Cash at beginning of period </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Cash at end of period </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="5" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Supplemental disclosure of cash flow information:<BR>  </FONT></B> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 18pt"> Cash paid during the period for interest, facilities and maintenance fees </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 387,855 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" align="left" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <DIV style="margin-top: 24pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 16pt; font-family: Arial, Helvetica">Notes to Financial Statements</FONT></B> </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <I><FONT style="font-size: 8pt; font-family: Arial, Helvetica">August 31, 2012</FONT></I> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <I><FONT style="font-size: 8pt; font-family: Arial, Helvetica">(Unaudited)</FONT></I> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <B><FONT style="font-family: Arial, Helvetica">NOTE 1—Significant Accounting Policies</FONT></B> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> Invesco Van Kampen Trust for Value Municipals (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as a diversified, closed-end management investment company. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The Trust’s investment objective is to seek to provide a high level of current income exempt from federal income taxes, consistent with preservation of capital. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The following is a summary of the significant accounting policies followed by the Trust in the preparation of its financial statements. </DIV> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <TR> <TD width="2%"></TD> <TD width="1%"></TD> <TD width="97%"></TD> </TR> <TR> <TD valign="top"> <B><FONT style="font-family: Arial, Helvetica">A. </FONT></B></TD> <TD></TD> <TD valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Security Valuations</FONT></B> — Securities, including restricted securities, are valued according to the following policy.</TD> </TR> <TR> <TD valign="top"> </TD> <TD></TD> <TD valign="bottom">     Securities are fair valued using an evaluated quote provided by an independent pricing service approved by the Board of Trustees. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices and may reflect appropriate factors such as institution-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, individual trading characteristics and other market data. Securities with a demand feature exercisable within one to seven days are valued at par. Debt securities are subject to interest rate and credit risks. In addition, all debt securities involve some risk of default with respect to interest and principal payments.</TD> </TR> <TR> <TD valign="top"> </TD> <TD></TD> <TD valign="bottom">     Securities for which market quotations either are not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust’s officers following procedures approved by the Board of Trustees. Some of the factors which may be considered in determining fair value are fundamental analytical data relating to the investment; the nature and duration of any restrictions on transferability or disposition; trading </TD> </TR> <!-- XBRL Paragraph Pagebreak --> </TABLE> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">15        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <TR> <TD width="2%"></TD> <TD width="1%"></TD> <TD width="97%"></TD> </TR> <TR> <TD valign="top"> </TD> <TD></TD> <TD valign="bottom"> in similar securities by the same issuer or comparable companies; relevant political, economic or issuer specific news; and other relevant factors under the circumstances.</TD> </TR> <TR> <TD valign="top"> </TD> <TD></TD> <TD valign="bottom">     Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general economic conditions, interest rates, investor perceptions and market liquidity. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.</TD> </TR> <TR> <TD valign="top"> <B><FONT style="font-family: Arial, Helvetica">B. </FONT></B></TD> <TD></TD> <TD valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Securities Transactions and Investment Income</FONT></B> — 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. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date. Bond premiums and discounts are amortized <FONT style="white-space: nowrap">and/or</FONT> accreted for financial reporting purposes.</TD> </TR> <TR> <TD valign="top"> </TD> <TD></TD> <TD valign="bottom">     The Trust may periodically participate in litigation related to Trust investments. As such, the Trust may receive proceeds from litigation settlements. Any proceeds received are included in the Statement of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.</TD> </TR> <TR> <TD valign="top"> </TD> <TD></TD> <TD valign="bottom">     Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased <FONT style="white-space: nowrap">and/or</FONT> a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the net realized and unrealized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Trust’s net asset value and, accordingly, they reduce the Trust’s total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Trust and the investment adviser.</TD> </TR> <TR> <TD valign="top"> <B><FONT style="font-family: Arial, Helvetica">C. </FONT></B></TD> <TD></TD> <TD valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Country Determination</FONT></B> — 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 <FONT style="white-space: nowrap">and/or</FONT> 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 issuer’s 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 <FONT style="white-space: nowrap">and/or</FONT> credit risk exposure has been determined to be the United States of America, unless otherwise noted.</TD> </TR> <TR> <TD valign="top"> <B><FONT style="font-family: Arial, Helvetica">D. </FONT></B></TD> <TD></TD> <TD valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Distributions</FONT></B> — The Trust declares and pays monthly dividends from net investment income to common shareholders. Distributions from net realized capital gain, if any, are generally paid annually and are distributed on a pro rata basis to common and preferred shareholders. The Trust may elect to treat a portion of the proceeds from redemptions as distributions for federal income tax purposes.</TD> </TR> <TR> <TD valign="top"> <B><FONT style="font-family: Arial, Helvetica">E. </FONT></B></TD> <TD></TD> <TD valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Federal Income Taxes</FONT></B> — The Trust intends to comply with the requirements of Subchapter M of the Internal Revenue Code necessary to qualify as a regulated investment company and to distribute substantially all of the Trust’s taxable earnings to shareholders. As such, the Trust will not be subject to federal income taxes on otherwise taxable income (including net realized capital gain) that is distributed to shareholders. Therefore, no provision for federal income taxes is recorded in the financial statements.</TD> </TR> <TR> <TD valign="top"> </TD> <TD></TD> <TD valign="bottom">     In addition, the Trust intends to invest in such municipal securities to allow it to qualify to pay shareholders “exempt dividends”, as defined in the Internal Revenue Code.</TD> </TR> <TR> <TD valign="top"> </TD> <TD></TD> <TD valign="bottom">     The Trust files tax returns in the U.S. Federal jurisdiction and certain other jurisdictions. Generally, the Trust is subject to examinations by such taxing authorities for up to three years after the filing of the return for the tax period.</TD> </TR> <TR> <TD valign="top"> <B><FONT style="font-family: Arial, Helvetica">F. </FONT></B></TD> <TD></TD> <TD valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Interest, Facilities and Maintenance Fees</FONT></B> — Interest, Facilities and Maintenance Fees include interest and related borrowing costs such as commitment fees, rating and bank agent fees and other expenses associated with lines of credit and Variable Rate Muni Term Preferred Shares (“VMTP Shares”), and interest and administrative expenses related to establishing and maintaining Auction Rate Preferred Shares and floating rate note obligations, if any.</TD> </TR> <TR> <TD valign="top"> <B><FONT style="font-family: Arial, Helvetica">G. </FONT></B></TD> <TD></TD> <TD valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Accounting Estimates</FONT></B> — The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period including estimates and assumptions related to taxation. Actual results could differ from those estimates by a significant amount. In addition, the Trust monitors for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are released to print.</TD> </TR> <TR> <TD valign="top"> <B><FONT style="font-family: Arial, Helvetica">H. </FONT></B></TD> <TD></TD> <TD valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Indemnifications</FONT></B> — Under the Trust’s organizational documents, each Trustee, officer, employee or other agent of the Trust is indemnified against certain liabilities that may arise out of the performance of their duties to the Trust. Additionally, in the normal course of business, the Trust enters into contracts, including the Trust’s servicing agreements, that contain a variety of indemnification clauses. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust that have not yet occurred. The risk of material loss as a result of such indemnification claims is considered remote.</TD> </TR> <TR> <TD valign="top"> <B><FONT style="font-family: Arial, Helvetica">I. </FONT></B></TD> <TD></TD> <TD valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Cash and Cash Equivalents</FONT></B> — For the purposes of the Statement of Cash Flows the Trust defines Cash and Cash Equivalents as cash (including foreign currency), money market funds and other investments held in lieu of cash and excludes investments made with cash collateral received.</TD> </TR> <TR> <TD valign="top"> <B><FONT style="font-family: Arial, Helvetica">J. </FONT></B></TD> <TD></TD> <TD valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Floating Rate Note Obligations</FONT></B> — 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 </TD> </TR> <!-- XBRL Paragraph Pagebreak --> </TABLE> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">16        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <TR> <TD width="2%"></TD> <TD width="1%"></TD> <TD width="97%"></TD> </TR> <TR> <TD valign="top"> </TD> <TD></TD> <TD valign="bottom"> floating rate notes to third parties and allowing the Trust to retain residual interests 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.</TD> </TR> <TR> <TD valign="top"> </TD> <TD></TD> <TD valign="bottom">     TOBs are presently classified as private placement securities. Private placement securities are subject to restrictions on resale because they have not been registered under the Securities Act of 1933, as amended or are otherwise not readily marketable. As a result of the absence of a public trading market for these securities, they may be less liquid than publicly traded securities. Although these securities may be resold in privately negotiated transactions, the prices realized from these sales could be less than those originally paid by the Trust or less than what may be considered the fair value of such securities.</TD> </TR> <TR> <TD valign="top"> </TD> <TD></TD> <TD valign="bottom">     The Trust accounts for the transfer of bonds to the Dealer Trusts as secured borrowings, with the securities transferred remaining in the Trust’s investment assets, and the related floating rate notes reflected as Trust liabilities under the caption <I>Floating rate note obligations</I> on the Statement of Assets and Liabilities. The Trust records the interest income from the fixed rate bonds under the caption <I>Interest</I> and records the expenses related to floating rate obligations and any administrative expenses of the Dealer Trusts as a component of <I>Interest, facilities and maintenance fees</I> on the Statement of Operations.</TD> </TR> <TR> <TD valign="top"> </TD> <TD></TD> <TD valign="bottom">     The Trust generally invests in inverse floating rate securities that include embedded leverage, thus exposing the Trust to greater risks and increased costs. The primary risks associated with inverse floating rate securities are varying degrees of liquidity and the changes in the value of such securities in response to changes in market rates of interest to a greater extent than the value of an equal principal amount of a fixed rate security having similar credit quality, redemption provisions and maturity which may cause the Trust’s net asset value to be more volatile than if it had not invested in inverse floating rate securities. In certain instances, the short-term floating rate interests created by the special purpose trust may not be able to be sold to third parties or, in the case of holders tendering (or putting) such interests for repayment of principal, may not be able to be remarketed to third parties. In such cases, the special purpose trust holding the long-term fixed rate bonds may be collapsed. In the case of RIBs or TOBs created by the contribution of long-term fixed income bonds by the Trust, the Trust will then be required to repay the principal amount of the tendered securities. During times of market volatility, illiquidity or uncertainty, the Trust could be required to sell other portfolio holdings at a disadvantageous time to raise cash to meet that obligation.</TD> </TR> <TR> <TD valign="top"> <B><FONT style="font-family: Arial, Helvetica">K. </FONT></B></TD> <TD></TD> <TD valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Other Risks</FONT></B> — 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.</TD> </TR> <TR> <TD valign="top"> </TD> <TD></TD> <TD valign="bottom">     Since many municipal securities are issued to finance similar projects, especially those relating to education, health care, transportation and utilities, conditions in those sectors can affect the overall municipal securities market and a Trust’s investments in municipal securities.</TD> </TR> <TR> <TD valign="top"> </TD> <TD></TD> <TD valign="bottom">     There is some risk that a portion or all of the interest received from certain tax-free municipal securities could become taxable as a result of determinations by the Internal Revenue Service.</TD> </TR> </TABLE> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <B><FONT style="font-family: Arial, Helvetica">NOTE 2—Advisory Fees and Other Fees Paid to Affiliates</FONT></B> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The Trust has entered into a master investment advisory agreement with Invesco Advisers, Inc. (the “Adviser” or “Invesco”). Under the terms of the investment advisory agreement, the Trust pays an advisory fee to the Adviser based on the annual rate of 0.55% of the Trust’s average daily net assets including current preferred shares and floating rate and leverage entered into to retire previously issued preferred shares of the Trust. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   Under the terms of a master <FONT style="white-space: nowrap">sub-advisory</FONT> agreement between the Adviser and each of Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Australia Limited, Invesco Hong Kong Limited, Invesco Senior Secured Management, Inc. and Invesco Canada Ltd. (collectively, the “Affiliated <FONT style="white-space: nowrap">Sub-Advisers”)</FONT> the Adviser, not the Trust, may pay 40% of the fees paid to the Adviser to any such Affiliated <FONT style="white-space: nowrap">Sub-Adviser(s)</FONT> that provide(s) discretionary investment management services to the Trust based on the percentage of assets allocated to such <FONT style="white-space: nowrap">Sub-Adviser(s).</FONT> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The Adviser had contractually agreed to waive advisory fees <FONT style="white-space: nowrap">and/or</FONT> reimburse expenses to the extent necessary to limit the Trust’s expenses (excluding certain items discussed below) to 1.10%. In determining the Adviser’s obligation to waive advisory fees <FONT style="white-space: nowrap">and/or</FONT> reimburse expenses, the following expenses are not taken into account, and could cause the Trust’s expenses to exceed the limit reflected above: (1) interest, facilities and maintenance fees; (2) taxes; (3) dividend expense on short sales; (4) extraordinary or non-routine items, including litigation expenses; and (5) expenses that the Trust has incurred but did not actually pay because of an expense offset arrangement. The agreement was terminated on June 30, 2012. The Adviser did not waive fees <FONT style="white-space: nowrap">and/or</FONT> reimburse expenses during the period under this expense limitation. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The Trust has entered into a master administrative services agreement with Invesco pursuant to which the Trust has agreed to pay Invesco for certain administrative costs incurred in providing accounting services to the Trust. For the six months ended August 31, 2012, expenses incurred under this agreement are shown in the Statement of Operations as <I>Administrative services fees</I>. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   Certain officers and trustees of the Trust are officers and directors of Invesco. </DIV> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <B><FONT style="font-family: Arial, Helvetica">NOTE 3—Additional Valuation Information</FONT></B> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3) generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level: </DIV> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0"> <TR> <TD width="1%"></TD> <TD width="7%"></TD> <TD width="92%"></TD> </TR> <TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <TD> </TD> <TD>   Level 1 — </TD> <TD align="left"> Prices are determined using quoted prices in an active market for identical assets. </TD> </TR> </TABLE> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">17        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0"> <TR> <TD width="1%"></TD> <TD width="7%"></TD> <TD width="92%"></TD> </TR> <TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <TD> </TD> <TD>   Level 2 — </TD> <TD align="left"> 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. </TD> </TR> <TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <TD> </TD> <TD>   Level 3 — </TD> <TD align="left"> 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 Trust’s 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. </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The following is a summary of the tiered valuation input levels, as of August 31, 2012. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   During the six months ended August 31, 2012, there were no significant transfers between investments levels. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="63%"> </TD> <!-- colindex=01 type=maindata --> <TD width="8%"> </TD> <!-- colindex=02 type=gutter --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="1%" align="left"> </TD> <!-- colindex=02 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=03 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=03 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=03 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=04 type=gutter --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=body --> <TD width="1%" align="left"> </TD> <!-- colindex=04 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=05 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=05 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=05 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=05 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Level 1</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Level 2</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Level 3</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Total</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="17" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Equity Securities </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 217,161,531 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 217,161,531 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" align="left" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <B><FONT style="font-family: Arial, Helvetica">NOTE 4—Security Transactions with Affiliated Funds</FONT></B> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The Fund is permitted to purchase or sell securities from or to certain other Invesco Funds under specified conditions outlined in procedures adopted by the Board of Trustees of the Trust. The procedures have been designed to ensure that any purchase or sale of securities by the Fund from or to another fund or portfolio that is or could be considered an affiliate by virtue of having a common investment adviser (or affiliated investment advisers), common Trustees <FONT style="white-space: nowrap">and/or</FONT> common officers complies with <FONT style="white-space: nowrap">Rule 17a-7</FONT> of the 1940 Act. Further, as defined under the procedures, each transaction is effected at the current market price. Pursuant to these procedures, for the six months ended August 31, 2012, the Fund engaged in securities sales of $2,500,085, which did not result in any net gains (losses). </DIV> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <B><FONT style="font-family: Arial, Helvetica">NOTE 5—Trustees’ and Officers’ Fees and Benefits</FONT></B> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> “Trustees’ and Officers’ Fees and Benefits” include amounts accrued by the Trust to pay remuneration to certain Trustees and Officers of the Trust. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   During the six months ended August 31, 2012, the Trust paid legal fees of $71,342 for services rendered by Skadden, Arps, Slate, Meagher & Flom LLP as counsel to the Trust. A trustee of the Trust is of counsel with the firm. </DIV> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <B><FONT style="font-family: Arial, Helvetica">NOTE 6—Cash Balances and Borrowings</FONT></B> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The Trust is permitted to temporarily carry a negative or overdrawn balance in its account with State Street Bank and Trust Company, the custodian bank. Such balances, if any at period end, are shown in the Statement of Assets and Liabilities under the payable caption <I>Amount due custodian</I>. To compensate the custodian bank for such overdrafts, the overdrawn Trust may either (1) leave funds as a compensating balance in the account so the custodian bank can be compensated by earning the additional interest; or (2) compensate by paying the custodian bank at a rate agreed upon by the custodian bank and Invesco, not to exceed the contractually agreed upon rate. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   Inverse floating rate obligations resulting from the transfer of bonds to Dealer Trusts are accounted for as secured borrowings. The average floating rate notes outstanding and average annual interest and fees related to inverse floating rate note obligations during the six months ended August 31, 2012 were $26,597,286 and 0.42%, respectively. </DIV> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <B><FONT style="font-family: Arial, Helvetica">NOTE 7—Tax Information</FONT></B> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The amount and character of income and gains to be distributed are determined in accordance with income tax regulations, which may differ from generally accepted accounting principles. Reclassifications are made to the Trust’s capital accounts to reflect income and gains available for distribution (or available capital loss carryforward) under income tax regulations. The tax character of distributions paid during the year and the tax components of net assets will be reported at the Trust’s fiscal year-end. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   Capital loss carryforward is calculated and reported as of a specific date. Results of transactions and other activity after that date may affect the amount of capital loss carryforward actually available for the Trust to utilize. The Regulated Investment Company Modernization Act of 2010 (the “Act”) eliminated the eight-year carryover period for capital losses that arise in taxable years beginning after its enactment date of December 22, 2010. Consequently, these capital losses can be carried forward for an unlimited period. However, capital losses with an expiration period may not be used to offset capital gains until all net capital losses without an expiration date have been utilized. Additionally, post-enactment capital loss carryovers will retain their character as either short-term or long-term capital losses instead of as short-term capital losses as under prior law. The ability to utilize capital loss carryforward in the future may be limited under the Internal Revenue Code and related regulations based on the results of future transactions. </DIV> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">18        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The Trust had a capital loss carryforward as of February 29, 2012 which expires as follows: </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="76%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=02 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=03 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=03 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=03 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=04 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=04 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=04 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD colspan="13" align="center" valign="bottom" style="border-bottom: 1px solid #000000"> <B><FONT style="font-size: 9pt; font-family: Arial, Helvetica">Capital Loss Carryforward*</FONT></B> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="left" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Expiration</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Short-Term</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Long-Term</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Total</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="13" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> February 28, 2014 </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 597,359 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 597,359 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="13" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> February 28, 2015 </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,344,721 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,344,721 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="13" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> February 29, 2016 </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11,002,098 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11,002,098 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="13" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> February 28, 2017 </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6,624,850 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6,624,850 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="13" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> February 28, 2018 </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 202,468 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 202,468 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="13" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> February 28, 2019 </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 972,091 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 972,091 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="13" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Not subject to expiration </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 691,635 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 691,635 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="13" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Total capital loss carryforward </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 20,743,587 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 691,635 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 21,435,222 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="13" align="left" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0"> <TR> <TD width="1%"></TD> <TD width="99%"></TD> </TR> <TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <TD> <FONT style="font-size: 9pt"> *  </FONT></TD> <TD align="left"> <FONT style="font-size: 9pt">Capital loss carryforward as of the date listed above is reduced for limitations, if any, to the extent required by the Internal Revenue Code. </FONT> </TD> </TR> </TABLE> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <B><FONT style="font-family: Arial, Helvetica">NOTE 8—Investment Securities</FONT></B> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Trust during the six months ended August 31, 2012 was $14,004,651 and $17,341,600, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end. </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="94%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=02 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD colspan="5" align="center" valign="bottom"> <B><FONT style="font-size: 9pt; font-family: Arial, Helvetica">Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="5" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Aggregate unrealized appreciation of investment securities </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 16,303,803 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="top" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Aggregate unrealized (depreciation) of investment securities </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (113,772 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="top" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="top"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Net unrealized appreciation of investment securities </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 16,190,031 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="5" valign="top" style="border-top: 4px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="top"> Cost of investments for tax purposes is $200,971,500. </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <B><FONT style="font-family: Arial, Helvetica">NOTE 9—Common Shares of Beneficial Interest</FONT></B> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> Transactions in common shares of beneficial interest were as follows: </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="78%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="5%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="5%" align="left"> </TD> <!-- colindex=02 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=03 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=03 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=03 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Six months ended<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Year ended<BR> </FONT></B> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">August 31,<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">February 29,<BR> </FONT></B> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">2012</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">2012</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="9" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Beginning shares </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 9,691,207 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 9,686,080 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="9" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Shares issued through dividend reinvest </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 10,104 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5,127 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="9" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Ending shares </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 9,701,311 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 9,691,207 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="9" align="left" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The Board of Trustees have approved share repurchases whereby the Trust may, when appropriate, purchase shares in the open market or in privately negotiated transactions at a price not above market value or net asset value, whichever is lower at the time of purchase. </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <B><FONT style="font-family: Arial, Helvetica">NOTE 10—Auction Rate Preferred Shares</FONT></B> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The Trust is authorized to issue Auction Rate Preferred Shares (“ARPS”). On June 6, 2012, the Trust redeemed all of its outstanding ARPS at their respective liquidation preference, including accrued and unpaid dividends, if any, through the redemption date. The redemptions were funded with proceeds received from the issuance of VMTP Shares. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   Historically, the Trust paid annual fees equivalent to 0.25% of the ARPS liquidation value for the remarketing efforts associated with the auction. Effective March 16, 2009, the Trust decreased this amount to 0.15% due to auction failures. These fees are included as a component of <I>Interest, facilities and maintenance fees</I> expense on the Statement of Operations. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   Dividends, which were cumulative, are reset through auction procedures. </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="87%"> </TD> <!-- colindex=01 type=maindata --> <TD width="3%"> </TD> <!-- colindex=02 type=gutter --> <TD width="4%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="1%" align="left"> </TD> <!-- colindex=02 type=align1 --> <TD width="4%" align="left"> </TD> <!-- colindex=02 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD colspan="4" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Range of<BR> </FONT></B> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="left" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Series</FONT></B> </TD> <TD> </TD> <TD colspan="4" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Dividend Rates†</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="6" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> A </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.055 </TD> <TD nowrap align="left" valign="bottom"> %-0.133% </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="6" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> B </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.055 </TD> <TD nowrap align="left" valign="bottom"> %-0.133 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="6" align="left" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0"> <TR> <TD width="1%"></TD> <TD width="99%"></TD> </TR> <TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <TD> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">†</SUP></FONT><FONT style="font-size: 9pt">  </FONT></TD> <TD align="left"> <FONT style="font-size: 9pt">For the period March 1, 2012 through June 6, 2012. </FONT> </TD> </TR> </TABLE> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The Trust was subject to certain restrictions relating to the ARPS. Failure to comply with these restrictions could have precluded the Trust from declaring any distributions to common shareholders or purchasing common shares <FONT style="white-space: nowrap">and/or</FONT> could trigger the mandatory redemption of ARPS at liquidation value. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   Beginning February 20, 2008 and continuing through June 6, 2012, all series of ARPS of the Trust were not successfully remarketed. As a result, the dividend rates of these ARPS were reset to the maximum applicable rate. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   Transactions in ARPS were as follows: </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="74%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="1%" align="left"> </TD> <!-- colindex=02 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=03 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=03 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=03 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=04 type=gutter --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=body --> <TD width="1%" align="left"> </TD> <!-- colindex=04 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=05 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=05 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=05 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=05 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="7" align="center" valign="bottom" style="border-bottom: 1px solid #000000"> <B><FONT style="font-family: Arial, Helvetica">Series A</FONT></B> </TD> <TD> </TD> <TD colspan="7" align="center" valign="bottom" style="border-bottom: 1px solid #000000"> <B><FONT style="font-family: Arial, Helvetica">Series B</FONT></B> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Shares</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Value</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Shares</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Value</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="17" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Outstanding at February 29, 2012 </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,044 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 26,100,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1,044 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 26,100,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Shares redeemed </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (1,044 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (26,100,000 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (1,044 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (26,100,000 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> Outstanding at August 31, 2012 </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="17" align="left" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">19        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <B><FONT style="font-family: Arial, Helvetica">NOTE 11—Variable Rate Muni Term Preferred Shares</FONT></B> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> On May 8, 2012, the Trust issued 522 Series 2015/6-VIM VMTP Shares, with liquidation preference of $100,000 per share pursuant to an offering exempt from registration under the Securities Act of 1933. Proceeds from the issuance of VMTP Shares were used to redeem all of the Trust’s outstanding ARPS. VMTP Shares are a floating-rate form of preferred shares with a mandatory redemption date. The Trust is required to redeem all outstanding VMTP Shares on June 1, 2015, unless earlier redeemed, repurchased or extended. VMTP Shares are subject to optional and mandatory redemption in certain circumstances. The redemption price per share is equal to the sum of the liquidation value per share plus any accumulated but unpaid dividends and a redemption premium, if any. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The Trust incurred costs in connection with the issuance of VMTP Shares. These costs were recorded as a deferred charge and will be amortized over the 3 year life of the VMTP Shares. Amortization of these costs is included in <I>Interest, facilities and maintenance fees</I> on the Statement of Operations and the unamortized balance is included in <I>Deferred offering costs </I>on the Statement of Assets and Liabilities. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   Dividends paid on the VMTP Shares (which are treated as interest expense for financial reporting purposes) are declared daily and paid monthly. The initial rate for dividends is equal to the sum of 1.10% per annum plus the Securities Industry and Financial Markets Association Municipal Swap Index. Subsequent rates take into account a ratings spread which is based on the long term preferred share ratings assigned to the VMTP Shares by Moody’s and Fitch. The average liquidation value outstanding and the average annualized dividend rate of the VMTP Shares during the six months ended August 31, 2012 were $52,200,000 and 1.27%, respectively. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The Trust is subject to certain restrictions, such as maintaining certain asset coverage and leverage ratio requirements relating to the VMTP Shares. Failure to comply with these restrictions could preclude the Trust from declaring any distributions to common shareholders or purchasing common shares and/or could trigger the mandatory redemption of VMTP Shares at liquidation value. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   For financial reporting purposes, the liquidation value of VMTP Shares, which is considered debt of the issuer, is recorded as a liability under the caption <I>Variable rate muni term preferred shares</I> on the Statement of Assets and Liabilities. Unpaid dividends on VMTP Shares are recognized as <I>Accrued interest expense</I> on the Statement of Assets and Liabilities. Dividends paid on VMTP Shares are recognized as a component of <I>Interest, facilities and maintenance fees</I> on the Statement of Operations. </DIV> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <B><FONT style="font-family: Arial, Helvetica">NOTE 12—Dividends</FONT></B> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The Trust declared the following dividends from net investment income subsequent to August 31, 2012: </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="64%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="5%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="5%" align="left"> </TD> <!-- colindex=02 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=03 type=gutter --> <TD width="4%" align="right"> </TD> <!-- colindex=03 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=body --> <TD width="4%" align="left"> </TD> <!-- colindex=03 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=04 type=gutter --> <TD width="4%" align="right"> </TD> <!-- colindex=04 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=body --> <TD width="4%" align="left"> </TD> <!-- colindex=04 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="left" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Declaration Date</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Amount Per Share</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Record Date</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Payable Date</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="13" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> September 4, 2012 </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 0.0735 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> September 18, 2012 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> September 28, 2012 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="13" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 9pt"> October 8, 2012 </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 0.2073 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> October 12, 2012 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> October 31, 2012 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="13" align="left" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">20        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <B><FONT style="font-family: Arial, Helvetica">NOTE 13—Financial Highlights</FONT></B> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The following schedule presents financial highlights for a share of the Trust outstanding throughout the periods indicated. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="42%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=02 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=02 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=02 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=03 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=03 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=03 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=04 type=gutter --> <TD width="3%" align="right"> </TD> <!-- colindex=04 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=body --> <TD width="3%" align="left"> </TD> <!-- colindex=04 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=05 type=gutter --> <TD width="1%" align="right"> </TD> <!-- colindex=05 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=05 type=body --> <TD width="1%" align="left"> </TD> <!-- colindex=05 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=06 type=gutter --> <TD width="1%" align="right"> </TD> <!-- colindex=06 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=06 type=body --> <TD width="1%" align="left"> </TD> <!-- colindex=06 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=07 type=gutter --> <TD width="1%" align="right"> </TD> <!-- colindex=07 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=07 type=body --> <TD width="1%" align="left"> </TD> <!-- colindex=07 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=08 type=gutter --> <TD width="1%" align="right"> </TD> <!-- colindex=08 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=08 type=body --> <TD width="1%" align="left"> </TD> <!-- colindex=08 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Six months<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Four months<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">ended<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Year ended<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">ended<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">August 31,<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">February 29,<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">February 28,<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="15" align="center" valign="bottom" style="border-bottom: 1px solid #000000"> <B><FONT style="font-family: Arial, Helvetica">Years ended October 31,</FONT></B> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">2012</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">2012</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">2011</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">2010</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">2009</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">2008</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">2007</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="29" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -8pt; margin-left: 8pt"> Net asset value per common share, beginning of period </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 14.16 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 12.40 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 13.58 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 12.98 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 10.57 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 15.11 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 16.02 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 17pt"> Net investment income<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.38 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.87 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.30 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.92 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.98 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.11 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.06 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 17pt"> Net gains (losses) on securities (both realized and unrealized) </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.34 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.77 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (1.19 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.54 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2.28 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (4.61 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.89 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -8pt; margin-left: 8pt"> Dividends paid to preferred shareholders from net investment income<SUP style="font-size: 85%; vertical-align: top">(a)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.00 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.01 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.01 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.01 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.05 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.28 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.34 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -8pt; margin-left: 25pt"> Total from investment operations </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.72 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2.63 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.90 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.45 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3.21 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (3.78 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.17 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -8pt; margin-left: 8pt"> Less dividends paid to common shareholders from net investment income </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.44 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.87 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.28 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.85 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.80 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.76 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (0.74 </TD> <TD nowrap align="left" valign="bottom"> ) </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -8pt; margin-left: 8pt"> Net asset value per common share, end of period </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 14.44 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 14.16 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 12.40 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 13.58 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 12.98 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 10.57 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 15.11 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -8pt; margin-left: 8pt"> Market value per common share, end of period </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 14.83 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 14.30 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 11.77 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 14.03 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 12.56 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 11.10 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 14.35 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -8pt; margin-left: 8pt"> Total return at net asset value<SUP style="font-size: 85%; vertical-align: top">(b)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.18 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 22.07 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (6.53 </TD> <TD nowrap align="left" valign="bottom"> )% </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 11.52 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -8pt; margin-left: 8pt"> Total return at market value<SUP style="font-size: 85%; vertical-align: top">(c)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.96 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 29.87 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (14.12 </TD> <TD nowrap align="left" valign="bottom"> )% </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 19.07 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 21.11 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> (18.01 </TD> <TD nowrap align="left" valign="bottom"> )% </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.31 </TD> <TD nowrap align="left" valign="bottom"> % </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -8pt; margin-left: 8pt"> Net assets applicable to common shares, end of period (000s omitted) </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 140,085 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 137,211 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 120,131 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 131,557 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 125,439 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 101,941 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 147,057 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -8pt; margin-left: 8pt"> Portfolio turnover rate<SUP style="font-size: 85%; vertical-align: top">(d)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 7 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 12 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 4 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 16 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 55 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 41 </TD> <TD nowrap align="left" valign="bottom"> % </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="29" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Ratios/supplemental data based on average net assets applicable to common shares:<BR>  </FONT></B> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -8pt; margin-left: 8pt"> Ratio of expenses: </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 17pt"> With fee waivers <FONT style="white-space: nowrap">and/or</FONT> expense reimbursements<SUP style="font-size: 85%; vertical-align: top">(e)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.54 </TD> <TD nowrap align="left" valign="bottom"> %<SUP style="font-size: 85%; vertical-align: top">(f)</SUP> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.31 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.25 </TD> <TD nowrap align="left" valign="bottom"> %<SUP style="font-size: 85%; vertical-align: top">(g)(h)</SUP> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.32 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.58 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2.21 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2.34 </TD> <TD nowrap align="left" valign="bottom"> % </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 17pt"> With fee waivers <FONT style="white-space: nowrap">and/or</FONT> expense reimbursements excluding interest, facilities and maintenance fees<SUP style="font-size: 85%; vertical-align: top">(e)(i)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.10 </TD> <TD nowrap align="left" valign="bottom"> %<SUP style="font-size: 85%; vertical-align: top">(f)</SUP> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.11 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.03 </TD> <TD nowrap align="left" valign="bottom"> %<SUP style="font-size: 85%; vertical-align: top">(g)(h)</SUP> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.14 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.24 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.10 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.13 </TD> <TD nowrap align="left" valign="bottom"> % </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 17pt"> Without fee waivers <FONT style="white-space: nowrap">and/or</FONT> expense reimbursements<SUP style="font-size: 85%; vertical-align: top">(e)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.54 </TD> <TD nowrap align="left" valign="bottom"> %<SUP style="font-size: 85%; vertical-align: top">(f)</SUP> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.32 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.25 </TD> <TD nowrap align="left" valign="bottom"> %<SUP style="font-size: 85%; vertical-align: top">(g)(h)</SUP> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.42 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 1.76 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2.38 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 2.49 </TD> <TD nowrap align="left" valign="bottom"> % </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -8pt; margin-left: 8pt"> Ratio of net investment income before preferred share dividends </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.33 </TD> <TD nowrap align="left" valign="bottom"> %<SUP style="font-size: 85%; vertical-align: top">(f)</SUP> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.53 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 7.39 </TD> <TD nowrap align="left" valign="bottom"> %<SUP style="font-size: 85%; vertical-align: top">(h)</SUP> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.92 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 8.37 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 8.09 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.79 </TD> <TD nowrap align="left" valign="bottom"> % </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -8pt; margin-left: 8pt"> Preferred share dividends </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.02 </TD> <TD nowrap align="left" valign="bottom"> %<SUP style="font-size: 85%; vertical-align: top">(f)</SUP> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.05 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.14 </TD> <TD nowrap align="left" valign="bottom"> %<SUP style="font-size: 85%; vertical-align: top">(h)</SUP> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0.10 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> — </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -8pt; margin-left: 8pt"> Ratio of net investment income after preferred share dividends </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5.31 </TD> <TD nowrap align="left" valign="bottom"> %<SUP style="font-size: 85%; vertical-align: top">(f)</SUP> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.48 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 7.25 </TD> <TD nowrap align="left" valign="bottom"> %<SUP style="font-size: 85%; vertical-align: top">(h)</SUP> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.82 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 7.98 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 6.04 </TD> <TD nowrap align="left" valign="bottom"> % </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 4.60 </TD> <TD nowrap align="left" valign="bottom"> % </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 2px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD colspan="29" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica"> <BR> Senior securities:<BR>  </FONT></B> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 17pt"> Total amount of preferred shares outstanding (000s omitted)<SUP style="font-size: 85%; vertical-align: top">(j)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 52,200 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 52,200 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 58,500 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 58,500 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 67,500 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 72,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 90,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 17pt"> Asset coverage per preferred share<SUP style="font-size: 85%; vertical-align: top">(j)(k)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 368,362 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 90,714 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 76,338 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 81,221 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 71,459 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 60,399 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 65,924 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" valign="bottom" style="border-top: 1px solid #000000"> </TD> </TR> <TR valign="bottom"> <TD align="left" valign="bottom"> <DIV style="text-indent: -9pt; margin-left: 17pt"> Liquidating preference per preferred share<SUP style="font-size: 85%; vertical-align: top">(j)</SUP> </DIV> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 100,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 25,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 25,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 25,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 25,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 25,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> $ </TD> <TD nowrap align="right" valign="bottom"> 25,000 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR style="font-size: 1pt"> <TD colspan="29" align="left" valign="bottom" style="border-top: 4px solid #000000"> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <TR> <TD width="1%"></TD> <TD width="1%"></TD> <TD width="98%"></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(a)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Calculated using average shares outstanding. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(b)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Not annualized for periods less than one year, if applicable. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(c)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Total return assumes an investment at the common share market price at the beginning of the period indicated, reinvestment of all distributions for the period accordance with the Trust’s dividend reinvestment plan, and sale of all shares at the closing common share market price at the end of the period indicated. Not annualized for periods less than one year, if applicable. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(d)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Portfolio turnover is not annualized for periods less than one year, if applicable. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(e)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Ratios do not reflect the effect of dividend payments to auction rate preferred shareholders. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(f)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Ratios are annualized and based on average daily net assets applicable to common shares (000’s omitted) of $137,667. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(g)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Ratio includes an adjustment for a change in accounting estimate for professional services fees during the period. Ratios excluding this adjustment would have been higher by 0.08%. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(h)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Annualized. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(i)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">For the years ended October 31, 2010 and prior, ratio does not exclude facilities and maintenance fees. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(j)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">For the years ended February 29, 2012 and prior, amounts are based on ARPS outstanding. </FONT></TD> </TR> <TR> <TD valign="top"> <FONT style="font-size: 9pt"><SUP style="font-size: 85%; vertical-align: top">(k)</SUP></FONT></TD> <TD></TD> <TD valign="bottom"> <FONT style="font-size: 9pt">Calculated by subtracting the Trust’s total liabilities (not including the preferred shares) from the Trust’s total assets and dividing this by the number of preferred shares outstanding. </FONT></TD> </TR> </TABLE> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">21        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <B><FONT style="font-family: Arial, Helvetica">NOTE 14—Subsequent Event</FONT></B> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The Board of Trustees (the “Board”) and the shareholders of the Trust have approved the redomestication of the Trust, a Massachusetts business trust, into a Delaware statutory trust pursuant to an Agreement and Plan of Redomestication (the “Redomestication”). The Board and the shareholders also approved an Agreement and Plan of Merger pursuant to which the Trust merged with and into Invesco Van Kampen Municipal Opportunity Trust (the “Acquiring Trust”) in accordance with the Delaware Statutory Trust Act (the “Merger”). As a result of the Merger, all of the assets and liabilities of the Trust became assets and liabilities of the Acquiring Trust, the Trust’s shareholders became shareholders of the Acquiring Trust and the Trust ceased operations. The Redomestication and Merger were consummated on October 15, 2012. </DIV> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">22        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 16pt; font-family: Arial, Helvetica">Approval of Investment Advisory and <FONT style="white-space: nowrap">Sub-Advisory</FONT> Contracts</FONT></B> </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <DIV style="margin-top: 24pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The Board of Trustees (the Board) of Invesco Van Kampen Trust for Value Municipals (the Fund) is required under the Investment Company Act of 1940, as amended, to approve annually the renewal of the investment advisory agreement with Invesco Advisers, Inc. (Invesco Advisers) and the Master Intergroup <FONT style="white-space: nowrap">Sub-Advisory</FONT> Contract (the <FONT style="white-space: nowrap">sub-advisory</FONT> contracts) with Invesco Asset Management Deutschland GmbH, Invesco Asset Management Ltd., Invesco Asset Management (Japan) Limited, Invesco Australia Limited, Invesco Hong Kong Limited, Invesco Senior Secured Management, Inc. and Invesco Canada Ltd. (collectively, the Affiliated <FONT style="white-space: nowrap">Sub-Advisers).</FONT> During contract renewal meetings held on May 15, 2012, the Board as a whole, and the disinterested or “independent” Trustees, who comprise more than 75% of the Board, voting separately, approved the continuance of the Fund’s investment advisory agreement and the <FONT style="white-space: nowrap">sub-advisory</FONT> contracts for another year. In doing so, the Board considered the process that it follows in reviewing and approving the Fund’s investment advisory agreement and <FONT style="white-space: nowrap">sub-advisory</FONT> contracts and the information that it is provided. The Board determined that the Fund’s investment advisory agreement and the <FONT style="white-space: nowrap">sub-advisory</FONT> contracts are in the best interests of the Fund and its shareholders and the compensation to Invesco Advisers and the Affiliated <FONT style="white-space: nowrap">Sub-Advisers</FONT> under the agreements is fair and reasonable. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <B><FONT style="font-family: Arial, Helvetica">The Board’s Fund Evaluation Process</FONT></B> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The Board, acting directly and through its committees, meets throughout the year to review the performance of the Invesco Van Kampen funds. Over the course of each year, the Board, acting directly and through its committees, meets with portfolio managers for the funds and other members of management to review the performance, investment objective(s), policies, strategies and limitations and investment risks of the funds. The Board meets regularly and at designated contract renewal meetings each year to conduct a review of the performance, fees, expenses and other matters related to the funds. The Board also considered materials it had received in approving the proposed reorganization of the Fund into a closed-end fund overseen by the Board and advised by Invesco Advisers. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   During the contract renewal process, the Trustees receive comparative performance and fee data regarding the funds prepared by Invesco Advisers and an independent company, Lipper, Inc. (Lipper). The independent Trustees are assisted in their annual evaluation of the funds’ investment advisory agreements by fund counsel. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   In evaluating the fairness and reasonableness of the Fund’s investment advisory agreement and <FONT style="white-space: nowrap">sub-advisory</FONT> contracts, the Board considered, among other things, the factors discussed below. The Trustees recognized that the advisory fees for the Invesco Van Kampen funds, including the Fund, reflect the results of years of review and negotiation between the Trustees and Invesco Advisers and previously Van Kampen Asset Management, the funds’ predecessor investment adviser. The Trustees’ deliberations and conclusions in a particular year may be based in part on their deliberations and conclusions regarding these same arrangements throughout the year and in prior years. The Board noted the willingness of Invesco Advisers personnel to engage in open and candid discussions with the Board. One Trustee may have weighed a particular piece of information differently than another Trustee. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The discussion below is a summary of the Board’s evaluation with respect to the Fund’s investment advisory agreement as well as a discussion of the material factors and related conclusions that formed the basis for the Board’s approval of the Fund’s investment advisory agreement and <FONT style="white-space: nowrap">sub-advisory</FONT> contracts. Unless otherwise stated, this information is current as of May 15, 2012, and may not reflect consideration of factors that became known to the Board after that date, including, for example, changes to the Fund’s performance, advisory fees, expense limitations <FONT style="white-space: nowrap">and/or</FONT> fee waivers. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <B><FONT style="font-family: Arial, Helvetica">Factors and Conclusions</FONT></B> </DIV> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <TR> <TD width="1%"></TD> <TD width="99%"></TD> </TR> <TR valign="top"> <TD> <I><FONT style="font-family: Arial, Helvetica">A. </FONT></I> </TD> <TD> <I><FONT style="font-family: Arial, Helvetica">Nature, Extent and Quality of Services Provided by Invesco Advisers and the Affiliated <FONT style="white-space: nowrap">Sub-Advisers</FONT></FONT></I> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The Board reviewed the advisory services provided to the Fund by Invesco Advisers under the Fund’s investment advisory agreement, the performance of Invesco Advisers in providing these services, and the credentials and experience of the officers and employees of Invesco Advisers who provide these services. Based on their meetings throughout the year with the Fund’s portfolio managers, the Board concluded that these individuals are competent and able to continue to carry out their responsibilities under the Fund’s investment advisory agreement or <FONT style="white-space: nowrap">sub-advisory</FONT> contracts, as applicable. The Board’s review of the qualifications of Invesco Advisers to provide advisory services included the Board’s consideration of Invesco Advisers’ performance and investment process oversight, independent credit analysis and investment risk management. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   In determining whether to continue the Fund’s investment advisory agreement, the Board considered the prior relationship between Invesco Advisers (and previously Van Kampen Asset Management) and the Fund, as well as the Board’s knowledge of Invesco Advisers’ operations, and concluded that it is beneficial to maintain the current relationship, in part, because of such knowledge. The Board also considered services that Invesco Advisers and its affiliates provide to the Invesco Van Kampen funds, including the Fund, such as various back office support functions, equity and fixed income trading operations, internal audit and legal and compliance. The Board concluded that the nature, extent and quality of the services provided to the Fund by Invesco Advisers are appropriate and satisfactory and the advisory services are provided in accordance with the terms of the Fund’s investment advisory agreement. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The Board reviewed the services capable of being provided by the Affiliated <FONT style="white-space: nowrap">Sub-Advisers</FONT> under the <FONT style="white-space: nowrap">sub-advisory</FONT> contracts and the credentials and experience of the officers and employees of the Affiliated <FONT style="white-space: nowrap">Sub-Advisers</FONT> who would provide such services. The Board concluded that the <FONT style="white-space: nowrap">sub-advisory</FONT> contracts benefit the Fund and its shareholders by permitting Invesco Advisers to use the resources and talents of the Affiliated <FONT style="white-space: nowrap">Sub-Advisers,</FONT> from time to time as necessary and appropriate, in managing the Fund. The Board concluded that the nature, extent and quality of the services capable of being provided by the Affiliated <FONT style="white-space: nowrap">Sub-Advisers</FONT> are appropriate and satisfactory and in accordance with the terms of the Fund’s <FONT style="white-space: nowrap">sub-advisory</FONT> contracts. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <TR> <TD width="2%"></TD> <TD width="98%"></TD> </TR> <TR valign="top"> <TD> <I><FONT style="font-family: Arial, Helvetica">B. </FONT></I> </TD> <TD> <I><FONT style="font-family: Arial, Helvetica">Fund Performance</FONT></I> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The Board considered Fund performance as a relevant factor in considering whether to approve the investment advisory agreement. The Board did not view Fund performance as a relevant factor in considering whether to approve the <FONT style="white-space: nowrap">sub-advisory</FONT> contracts for the Fund, as no Affiliated <FONT style="white-space: nowrap">Sub-Adviser</FONT> currently manages assets of the Fund. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The Board compared the Fund’s performance during the past one, two, three, five and ten calendar years to the performance of funds in the Fund’s Lipper performance universe and against the applicable Lipper index. The Board noted that the Fund’s performance was in the fourth quintile of its performance universe for the one and two year periods, the second quintile for the three year period and the fifth quintile for the five and ten year periods (the first quintile being the best performing funds and the fifth quintile being the worst performing funds). The Board noted that the Fund’s performance was above the performance of the applicable Lipper index for the three year period and below the performance of the index for the one, two, five and ten year periods. When considering a fund’s performance, the Board places emphasis on trends and longer term returns. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <TR> <TD width="2%"></TD> <TD width="98%"></TD> </TR> <TR valign="top"> <TD> <I><FONT style="font-family: Arial, Helvetica">C. </FONT></I> </TD> <TD> <I><FONT style="font-family: Arial, Helvetica">Advisory and <FONT style="white-space: nowrap">Sub-Advisory</FONT> Fees and Fee Waivers</FONT></I> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The Board compared the Fund’s contractual advisory fee rate to the contractual advisory fee rates of funds in the Fund’s Lipper expense group at a common asset level. The Board noted that the Fund’s contractual advisory fee rate was below the median contractual advisory fee rate of funds in its expense group. The Board also reviewed the methodology used by Lipper in providing expense group information, which includes using audited financial data from the most recent annual report of each fund in the expense group that was publicly available as of the end of the past calendar year </DIV> <!-- XBRL Paragraph Pagebreak --> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">23        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> and including only one fund per investment adviser. The Board noted that comparative data is as of varying dates, which may affect the comparability of data during times of market volatility. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The Board also considered the Fund’s effective fee rate (the advisory fee after advisory fee waivers and before expense limitations/waivers), including comparisons, as applicable, to advisory fee rates of other funds advised by Invesco Advisers and its affiliates with investment strategies similar to those of the Fund. The Board reviewed not only the advisory fees but other fees and expenses (whether paid to Invesco Advisers, its affiliates or others) and the Fund’s overall expense ratio. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The Board compared the strategy of the Fund to that of other client accounts of Invesco Advisers and the Affiliated <FONT style="white-space: nowrap">Sub-Advisers</FONT> and considered, as applicable, the fees charged to other client accounts with investment strategies similar to those of the Fund. The Board noted that Invesco Advisers or the Affiliated <FONT style="white-space: nowrap">Sub-Advisers</FONT> may charge lower fees to large institutional clients solely for investment management services than to registered fund clients, such as the Fund. Invesco Advisers reviewed with the Board the significantly greater scope of services it provides to registered fund clients, including the Fund, relative to other client accounts. These additional services include provision of administrative services, officers and office space, oversight of service providers, preparation of shareholder reports, efforts to support secondary market trading of the Fund’s shares, preparation of financial information and regulatory compliance under the Investment Company Act of 1940, as amended, and stock exchange listing standards, including preparation for, coordinating the solicitation of proxies for, and conducting annual shareholder meetings. The Board noted that <FONT style="white-space: nowrap">sub-advisory</FONT> fees charged by the Affiliated <FONT style="white-space: nowrap">Sub-Advisers</FONT> to manage registered fund clients and to manage other client accounts were often more comparable. The Board concluded that the aggregate services provided to the Fund were sufficiently different from those provided to institutional clients, and the Board did not place significant weight on these fee comparisons. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The Board noted that Invesco Advisers has contractually agreed to waive fees <FONT style="white-space: nowrap">and/or</FONT> limit expenses of the Fund through June 30, 2012 in an amount necessary to limit total annual operating expenses to a specified percentage of average daily net assets for each class of the Fund. The Board also considered the effect this fee waiver, and the discontinuation of this fee waiver on June 30, 2012, would have on the Fund’s total estimated expenses. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The Board also considered the services capable of being provided by the Affiliated <FONT style="white-space: nowrap">Sub-Advisers</FONT> pursuant to the <FONT style="white-space: nowrap">sub-advisory</FONT> contracts, as well as the allocation of fees between Invesco Advisers and the Affiliated <FONT style="white-space: nowrap">Sub-Advisers</FONT> pursuant to the <FONT style="white-space: nowrap">sub-advisory</FONT> contracts. The Board noted that to the extent the Fund were to utilize the Affiliated <FONT style="white-space: nowrap">Sub-Advisers,</FONT> Invesco Advisers would provide services related to oversight of the Affiliated <FONT style="white-space: nowrap">Sub-Advisers</FONT> as well as the additional services described above other than <FONT style="white-space: nowrap">day-to-day</FONT> portfolio management. The Board also noted that the <FONT style="white-space: nowrap">sub-advisory</FONT> fees have no direct effect on the Fund or its shareholders, as they are paid by Invesco Advisers to the Affiliated <FONT style="white-space: nowrap">Sub-Advisers.</FONT> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   Based upon the information and considerations described above, the Board concluded that the Fund’s advisory and <FONT style="white-space: nowrap">sub-advisory</FONT> fees are fair and reasonable. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <TR> <TD width="2%"></TD> <TD width="98%"></TD> </TR> <TR valign="top"> <TD> <I><FONT style="font-family: Arial, Helvetica">D. </FONT></I> </TD> <TD> <I><FONT style="font-family: Arial, Helvetica">Economies of Scale and Breakpoints</FONT></I> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The Board considered the extent to which there are economies of scale in the provision of advisory services to the Fund. The Board noted that most closed-end funds do not have fund level breakpoints because closed-end funds generally do not experience substantial asset growth after the initial public offering. The Board noted that although the Fund does not benefit from economies of scale through contractual breakpoints, the Fund does share directly in economies of scale through lower fees charged by third party service providers based on the combined size of the registered fund clients advised by Invesco Advisers. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <TR> <TD width="1%"></TD> <TD width="99%"></TD> </TR> <TR valign="top"> <TD> <I><FONT style="font-family: Arial, Helvetica">E. </FONT></I> </TD> <TD> <I><FONT style="font-family: Arial, Helvetica">Profitability and Financial Resources</FONT></I> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The Board reviewed information from Invesco Advisers concerning the costs of the advisory and other services that Invesco Advisers and its affiliates provide to the Fund and the profitability of Invesco Advisers and its affiliates in providing these services. The Board reviewed with Invesco Advisers the methodology used to prepare the profitability information. The Board considered the profitability of Invesco Advisers in connection with managing the Fund and the Invesco Van Kampen funds. The Board noted that Invesco Advisers continues to operate at a net profit from services Invesco Advisers and its subsidiaries provide to the Fund and the Invesco Van Kampen funds. The Board concluded that the level of profits realized by Invesco Advisers and its affiliates from providing services to the Fund is not excessive given the nature, quality and extent of the services provided to the Fund. The Board considered whether Invesco Advisers and each Affiliated <FONT style="white-space: nowrap">Sub-Adviser</FONT> are financially sound and have the resources necessary to perform their obligations under the investment advisory agreement and <FONT style="white-space: nowrap">sub-advisory</FONT> contracts. The Board concluded that Invesco Advisers and each Affiliated <FONT style="white-space: nowrap">Sub-Adviser</FONT> have the financial resources necessary to fulfill these obligations. </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <TR> <TD width="1%"></TD> <TD width="99%"></TD> </TR> <TR valign="top"> <TD> <I><FONT style="font-family: Arial, Helvetica">F. </FONT></I> </TD> <TD> <I><FONT style="font-family: Arial, Helvetica">Collateral Benefits to Invesco Advisers and its Affiliates</FONT></I> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The Board considered various other benefits received by Invesco Advisers and its affiliates from the relationship with the Fund, including the fees received for their provision of administrative services to the Fund. The Board considered the performance of Invesco Advisers and its affiliates in providing these services and the organizational structure employed to provide these services. The Board also considered that the services are required for the operation of the Fund; that Invesco Advisers and its affiliates can provide services, the nature and quality of which are at least equal to those provided by others offering the same or similar services; and that the fees for such services are fair and reasonable in light of the usual and customary charges by others for services of the same nature and quality. </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 1%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">   The Board considered that the Fund’s uninvested cash and cash collateral from any securities lending arrangements may be invested in money market funds advised by Invesco Advisers pursuant to procedures approved by the Board. The Board noted that Invesco Advisers receives advisory fees from these affiliated money market funds attributable to such investments, although Invesco Advisers has contractually agreed to waive through varying periods the advisory fees payable by the Fund. The waiver is in an amount equal to 100% of the net advisory fee Invesco Advisers receives from the affiliated money market funds with respect to the Fund’s investment in the affiliated money market funds of uninvested cash, but not cash collateral. The Board concluded that the Fund’s investment of uninvested cash and cash collateral from any securities lending arrangements in the affiliated money market funds is in the best interests of the Fund and its shareholders. </DIV> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">24        Invesco Van Kampen Trust for Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="width: 94%; margin-left: 3%"><!-- BEGIN PAGE WIDTH --> <!-- XBRL Pagebreak End --> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 16pt; font-family: Arial, Helvetica">Proxy Results</FONT></B> </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> An Annual Meeting (“Meeting”) of Shareholders of Invesco Van Kampen Trust for Value Municipals (the “Fund”) was held on July 17, 2012. The Meeting was held for the following purpose: </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0"> <TR> <TD width="2%"></TD> <TD width="98%"></TD> </TR> <TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <TD> (1) </TD> <TD align="left"> Elect two Class II Trustees, one by the holders of Common Shares and Preferred Shares voting together as a single class, and one Class II Trustee by the holders of Preferred Shares voting separately, each of whom will serve for a three-year term or until his or her successor has been duly elected and qualified. </TD> </TR> </TABLE> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The results of the voting on the above matter were as follows: </DIV> <DIV style="margin-top: 9pt; font-size: 1pt"> </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="6%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="65%"> </TD> <!-- colindex=02 type=maindata --> <TD width="3%"> </TD> <!-- colindex=03 type=gutter --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=body --> <TD width="1%" align="left"> </TD> <!-- colindex=03 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=04 type=gutter --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=body --> <TD width="1%" align="left"> </TD> <!-- colindex=04 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=05 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=05 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=05 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=05 type=hang1 --> <TD width="5%"> </TD> <!-- colindex=06 type=gutter --> <TD width="1%" align="right"> </TD> <!-- colindex=06 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=06 type=body --> <TD width="1%" align="left"> </TD> <!-- colindex=06 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Votes<BR> </FONT></B> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="left" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Matter</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Votes For</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Against</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="19" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <TR style="line-height: 2pt; font-size: 1pt"> <TD> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -10pt; margin-left: 10pt"> (1) </DIV> </TD> <TD> </TD> <TD colspan="9" valign="top"> Wayne W. Whalen </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 8,701,109 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 201,266 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD colspan="9" valign="top"> Linda Hutton Heagy<SUP style="font-size: 85%; vertical-align: top">(P)</SUP> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 522 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The Meeting was adjourned until August 14, 2012, with respect to the following proposals: </DIV> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0"> <TR> <TD width="2%"></TD> <TD width="98%"></TD> </TR> <TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <TD> (1)  </TD> <TD align="left"> Approval of an Agreement and Plan of Redomestication that provides for the reorganization of the Fund as a Delaware statutory trust by the holders of Common Shares and Preferred Shares voting separately. </TD> </TR> <TR style="line-height: 3pt; font-size: 1pt"><TD> </TD></TR> <TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <TD> (2)  </TD> <TD align="left"> Approval of an Agreement and Plan of Merger that provides for the Fund to merge with and into Invesco Van Kampen Municipal Opportunity Trust by holders of Common Shares and Preferred Shares voting separately. </TD> </TR> </TABLE> <DIV style="margin-top: 6pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> The results of the voting on the above matters were as follows: </DIV> <DIV style="margin-top: 9pt; font-size: 1pt"> </DIV> <TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <!-- Table Width Row BEGIN --> <TR style="font-size: 1pt" valign="bottom"> <TD width="6%"> </TD> <!-- colindex=01 type=maindata --> <TD width="1%"> </TD> <!-- colindex=02 type=gutter --> <TD width="60%"> </TD> <!-- colindex=02 type=maindata --> <TD width="3%"> </TD> <!-- colindex=03 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=03 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=03 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=03 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=04 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=04 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=04 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=04 type=hang1 --> <TD width="3%"> </TD> <!-- colindex=05 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=05 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=05 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=05 type=hang1 --> <TD width="4%"> </TD> <!-- colindex=06 type=gutter --> <TD width="2%" align="right"> </TD> <!-- colindex=06 type=lead --> <TD width="1%" align="right"> </TD> <!-- colindex=06 type=body --> <TD width="2%" align="left"> </TD> <!-- colindex=06 type=hang1 --> </TR> <!-- Table Width Row END --> <!-- TableOutputHead --> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Votes<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Votes<BR> </FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Broker<BR> </FONT></B> </TD> </TR> <TR style="font-size: 8pt" valign="bottom" align="center"> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="left" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Matters</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Votes For</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Against</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Abstain</FONT></B> </TD> <TD> </TD> <TD colspan="3" nowrap align="center" valign="bottom"> <B><FONT style="font-family: Arial, Helvetica">Non-Votes</FONT></B> </TD> </TR> <TR style="font-size: 1pt" valign="bottom" align="center"> <TD colspan="19" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000"> </TD> </TR> <TR style="line-height: 2pt; font-size: 1pt"> <TD> </TD> </TR> <!-- TableOutputBody --> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -10pt; margin-left: 10pt"> (1) </DIV> </TD> <TD> </TD> <TD nowrap align="left" valign="top"> Common Shares </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5,064,734 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 117,912 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 166,793 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,689,179 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="left" valign="top"> Preferred Shares </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 522 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom" style="background: #CCEEFF"> <TD nowrap align="left" valign="top"> <DIV style="text-indent: -10pt; margin-left: 10pt"> (2) </DIV> </TD> <TD> </TD> <TD nowrap align="left" valign="top"> Common Shares </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 5,033,179 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 150,952 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 165,308 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 3,689,179 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> <TR valign="bottom"> <TD nowrap align="left" valign="top"> </TD> <TD> </TD> <TD nowrap align="left" valign="top"> Preferred Shares </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 522 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0 </TD> <TD nowrap align="left" valign="bottom"> </TD> <TD> </TD> <TD nowrap align="right" valign="bottom"> </TD> <TD nowrap align="right" valign="bottom"> 0 </TD> <TD nowrap align="left" valign="bottom"> </TD> </TR> </TABLE> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </DIV> <DIV style="margin-top: 3pt; font-size: 1pt"> </DIV> <DIV style="font-size: 2pt; margin-left: 0%; width: 17%; align: left; border-bottom: 1pt solid #000000"></DIV> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0"> <TR> <TD width="2%"></TD> <TD width="98%"></TD> </TR> <TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <TD> <SUP style="font-size: 85%; vertical-align: top">(P)</SUP> </TD> <TD align="left"> Election of Trustee by preferred shareholders only. </TD> </TR> </TABLE> <!-- XBRL Pagebreak Begin --> <DIV style="margin-top: 12pt; font-size: 1pt"> </DIV> <DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <B><FONT style="font-size: 7pt; font-family: Arial, Helvetica">25        Invesco Van Kampen Trust For Value Municipals</FONT></B> </DIV> </DIV><!-- END PAGE WIDTH --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="font-family: Helvetica,Arial,sans-serif"> <DIV align="center"><DIV style="font-size: 0pt; margin-top: 10pt; width: 100%; border-top: 1px solid #000000"> </DIV></DIV> <DIV align="left" style="font-size: 10pt"><B>Correspondence information</B> </DIV> <DIV align="left" style="font-size: 10pt">Send general correspondence to Computershare, P.O. Box 43078, Providence, RI 02940-3078.</DIV> <DIV align="center"><DIV style="font-size: 0pt; margin-top: 10pt; width: 100%; border-top: 1px solid #000000"> </DIV></DIV> <DIV align="left" style="font-size: 10pt"><B>Invesco privacy policy</B> </DIV> <DIV align="left" style="font-size: 10pt">You share personal and financial information with us that is necessary for your transactions and your account records. We take very seriously the obligation to keep that information confidential and private.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 1pt"> Invesco collects nonpublic personal information about you from account applications or other forms you complete and from your transactions with us or our affiliates. We do not disclose information about you or our former customers to service providers or other third parties except to the extent necessary to service your account and in other limited circumstances as permitted by law. For example, we use this information to facilitate the delivery of transaction confirmations, financial reports, prospectuses and tax forms. </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 1pt"> Even within Invesco, only people involved in the servicing of your accounts and compliance monitoring have access to your information. To ensure the highest level of confidentiality and security, Invesco maintains physical, electronic and procedural safeguards that meet or exceed federal standards. Special measures, such as data encryption and authentication, apply to your communications with us on our website. More detail is available to you at invesco.com/privacy. </DIV> <DIV align="center"><DIV style="font-size: 0pt; margin-top: 10pt; width: 100%; border-top: 1px solid #000000"> </DIV></DIV> <DIV align="left" style="font-size: 10pt"><B>Trust holdings and proxy voting information</B> </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 1pt">The Trust provides a complete list of its holdings four times in each fiscal year, at the quarter-ends. For the second and fourth quarters, the lists appear in the Trust’s semiannual and annual reports to shareholders. For the first and third quarters, the Trust files the lists with the Securities and Exchange Commission (SEC) on Form N-Q. Shareholders can also look up the Trust’s Forms N-Q on the SEC website at sec.gov. Copies of the Trust’s Forms N-Q may be reviewed and copied at the SEC Public Reference Room in Washington, D.C. You can obtain information on the operation of the Public Reference Room, including information about duplicating fee charges, by calling 202 551 8090 or 800 732 0330, or by electronic request at the following email address: publicinfo@sec.gov. The SEC file number for the Trust is shown below. </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 1pt"> A description of the policies and procedures that the Trust uses to determine how to vote proxies relating to portfolio securities is available without charge, upon request, from our Client Services department at 800 341 2929 or at invesco.com/proxyguidelines. The information is also available on the SEC website, sec.gov. </DIV> <DIV style="position: relative; float: left; width: 85%"> <DIV align="left" style="font-size: 10pt; margin-top: 1pt"> Information regarding how the Trust voted proxies related to its portfolio securities during the 12 months ended June 30, 2012, is available at invesco.com/proxysearch. In addition, this information is available on the SEC website at sec.gov. </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 1pt"> Invesco Advisers, Inc. is an investment adviser; it provides investment advisory services to individual and institutional clients and does not sell securities. Invesco Distributors, Inc. is the US distributor for Invesco Ltd.’s retail mutual funds, exchange-traded funds and institutional money market funds. Both are wholly owned, indirect subsidiaries of Invesco Ltd. </DIV> </DIV> <DIV style="position: relative; float: right; width: 12%"> <DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="h87085h8708503.gif" alt="(INVESCO LOGO)"> </DIV> </DIV> <BR clear="all"><BR> <DIV align="left"> <TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="80%"> <!-- Begin Table Head --> <TR valign="bottom"> <TD width="25%"> </TD> <TD width="5%"> </TD> <TD width="25%"> </TD> <TD width="5%"> </TD> <TD width="25%"> </TD> </TR> <TR></TR> <!-- End Table Head --> <!-- Begin Table Body --> <TR valign="bottom"> <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">SEC file number: 811-06472 </DIV></TD> <TD> </TD> <TD align="left" valign="top" nowrap> VK-CE-TIMUNI-SAR-1 </TD> <TD> </TD> <TD align="right" valign="top" nowrap>Invesco Distributors, Inc.</TD> </TR> <!-- End Table Body --> </TABLE> </DIV> </DIV> <P align="center" style="font-size: 10pt"><!-- Folio --> <!-- /Folio --> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="font-family: 'Times New Roman',Times,serif"> <DIV align="left" style="font-size: 10pt; margin-top: 12pt">ITEM 2. CODE OF ETHICS.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">There were no amendments to the Code of Ethics (the “Code”) that applies to the Registrant’s Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”) during the period covered by the report. The Registrant did not grant any waivers, including implicit waivers, from any provisions of the Code to the PEO or PFO during the period covered by this report.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 12pt">ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">Not applicable.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 12pt">ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">Not applicable.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 12pt">ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">Not applicable.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 12pt">ITEM 6. SCHEDULE OF INVESTMENTS.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">Investments in securities of unaffiliated issuers is included as part of the reports to stockholders filed under Item 1 of this Form.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 12pt; text-indent: -47px; margin-left: 47px">ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">Not applicable.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 12pt">ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">Not applicable.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 12pt; text-indent: -47px; margin-left: 47px">ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">Not applicable.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 12pt">ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">None.</DIV> <DIV align="left" style="font-size: 10pt; margin-top: 12pt">ITEM 11. CONTROLS AND PROCEDURES.</DIV> <DIV style="margin-top: 6pt"> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt"> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <TD width="2%" nowrap align="left">(a)</TD> <TD width="1%"> </TD> <TD>As of August 13, 2012, 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 Registrant’s disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”), as amended. Based on that evaluation, the Registrant’s officers, including the PEO and PFO, concluded that, as of August 13, 2012, the Registrant’s disclosure controls and procedures were reasonably designed to ensure: (1) that information required to be disclosed by the Registrant on Form N-CSR is</TD> </TR> </TABLE> </DIV> <P align="center" style="font-size: 10pt"><!-- Folio --> <!-- /Folio --> </DIV> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="font-family: 'Times New Roman',Times,serif"> <DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt"> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <TD width="2%" nowrap align="left"> </TD> <TD width="1%"> </TD> <TD>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.</TD> </TR> </TABLE> </DIV> <DIV style="margin-top: 6pt"> <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt"> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <TD width="2%" nowrap align="left">(b)</TD> <TD width="1%"> </TD> <TD>There have been no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the second fiscal quarter of the period covered by the report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.</TD> </TR> </TABLE> </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 12pt">ITEM 12. EXHIBITS. </DIV> <DIV align="center"> <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%"> <!-- Begin Table Head --> <TR valign="bottom"> <TD width="8%"> </TD> <TD width="2%"> </TD> <TD width="90%"> </TD> </TR> <TR></TR> <!-- End Table Head --> <!-- Begin Table Body --> <TR valign="bottom"> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">12(a)(1) </DIV></TD> <TD> </TD> <TD align="left" valign="top">Not applicable.</TD> </TR> <TR valign="bottom"><!-- Blank Space --> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"> </DIV></TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">12(a)(2) </DIV></TD> <TD> </TD> <TD align="left" valign="top">Certifications of principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940.</TD> </TR> <TR valign="bottom"><!-- Blank Space --> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"> </DIV></TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">12(a)(3) </DIV></TD> <TD> </TD> <TD align="left" valign="top">Not applicable.</TD> </TR> <TR valign="bottom"><!-- Blank Space --> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"> </DIV></TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">12(b) </DIV></TD> <TD> </TD> <TD align="left" valign="top">Certifications of principal executive officer and principal financial officer as required by Rule 30a-2(b) under the Investment Company Act of 1940.</TD> </TR> <!-- End Table Body --> </TABLE> </DIV> <P align="center" style="font-size: 10pt"><!-- Folio --> <!-- /Folio --> </DIV> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="font-family: 'Times New Roman',Times,serif"> <DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURES </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">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. </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 12pt">Registrant: Invesco Van Kampen Trust for Value Municipals </DIV> <DIV align="center"> <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%"> <!-- Begin Table Head --> <TR valign="bottom"> <TD width="1%"> </TD> <TD width="1%"> </TD> <TD width="35%"> </TD> <TD width="1%"> </TD> <TD width="62%"> </TD> </TR> <TR></TR> <!-- End Table Head --> <!-- Begin Table Body --> <TR valign="bottom"> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: </DIV></TD> <TD> </TD> <TD align="left" valign="top">/s/ Colin Meadows <DIV style="font-size: 1pt; border-top: 1px solid #000000"> </DIV> Colin Meadows </TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"> </DIV></TD> <TD> </TD> <TD align="left" valign="top"> Principal Executive Officer</TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"><!-- Blank Space --> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"> </DIV></TD> <TD> </TD> <TD align="left" valign="top"> </TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"> <TD colspan="3" valign="top" align="left">Date: November 8, 2012</TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <!-- End Table Body --> </TABLE> </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities and Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated. </DIV> <DIV align="center"> <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%"> <!-- Begin Table Head --> <TR valign="bottom"> <TD width="1%"> </TD> <TD width="1%"> </TD> <TD width="35%"> </TD> <TD width="1%"> </TD> <TD width="62%"> </TD> </TR> <TR></TR> <!-- End Table Head --> <!-- Begin Table Body --> <TR valign="bottom"> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: </DIV></TD> <TD> </TD> <TD align="left" valign="top">/s/ Colin Meadows <DIV style="font-size: 1pt; border-top: 1px solid #000000"> </DIV> Colin Meadows </TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"> </DIV></TD> <TD> </TD> <TD align="left" valign="top"> Principal Executive Officer</TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"><!-- Blank Space --> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"> </DIV></TD> <TD> </TD> <TD align="left" valign="top"> </TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"> <TD colspan="3" valign="top" align="left">Date: November 8, 2012</TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"><!-- Blank Space --> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"> </DIV></TD> <TD> </TD> <TD align="left" valign="top"> </TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: </DIV></TD> <TD> </TD> <TD align="left" valign="top">/s/ Sheri Morris <DIV style="font-size: 1pt; border-top: 1px solid #000000"> </DIV> Sheri Morris </TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"> </DIV></TD> <TD> </TD> <TD align="left" valign="top"> Principal Financial Officer</TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"><!-- Blank Space --> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"> </DIV></TD> <TD> </TD> <TD align="left" valign="top"> </TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"> <TD colspan="3" valign="top" align="left">Date: November 8, 2012</TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <!-- End Table Body --> </TABLE> </DIV> <P align="center" style="font-size: 10pt"><!-- Folio --> <!-- /Folio --> </DIV> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="font-family: 'Times New Roman',Times,serif"> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">EXHIBIT INDEX </DIV> <DIV align="center"> <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%"> <!-- Begin Table Head --> <TR valign="bottom"> <TD width="8%"> </TD> <TD width="3%"> </TD> <TD width="89%"> </TD> </TR> <!-- End Table Head --> <!-- Begin Table Body --> <TR valign="bottom"> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">12(a) (1) </DIV></TD> <TD> </TD> <TD align="left" valign="top">Not applicable.</TD> </TR> <TR valign="bottom"><!-- Blank Space --> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"> </DIV></TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">12(a) (2) </DIV></TD> <TD> </TD> <TD align="left" valign="top">Certifications of principal executive officer and Principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940.</TD> </TR> <TR valign="bottom"><!-- Blank Space --> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"> </DIV></TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">12(a) (3) </DIV></TD> <TD> </TD> <TD align="left" valign="top">Not applicable.</TD> </TR> <TR valign="bottom"><!-- Blank Space --> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"> </DIV></TD> <TD> </TD> <TD align="left" valign="top"> </TD> </TR> <TR valign="bottom"> <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">12(b) </DIV></TD> <TD> </TD> <TD align="left" valign="top">Certifications of principal executive officer and Principal financial officer as required by Rule 30a-2(b) under the Investment Company Act of 1940.</TD> </TR> <!-- End Table Body --> </TABLE> </DIV> <P align="center" style="font-size: 10pt"><!-- Folio --> <!-- /Folio --> </DIV> </BODY> </HTML> </TEXT> </DOCUMENT> <DOCUMENT> <TYPE>EX-99.CERT <SEQUENCE>2 <FILENAME>h87085exv99wcert.htm <DESCRIPTION>EX-99.CERT <TEXT> <HTML> <HEAD> <TITLE>exv99wcert</TITLE> </HEAD> <BODY bgcolor="#FFFFFF"> <!-- PAGEBREAK --> <DIV style="font-family: 'Times New Roman',Times,serif"> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">I, Colin Meadows, Principal Executive Officer, certify that: </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. I have reviewed this report on Form N-CSR of Invesco Van Kampen Trust for Value Municipals; </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidating subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(d) Disclosed in this report any change in this registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing equivalent functions): </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. </DIV> <TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt"> <TR style="font-size: 24pt"> <TD width="48%"> </TD> <TD width="1%"> </TD> <TD width="1%"> </TD> <TD width="35%"> </TD> <TD width="15%"> </TD> </TR> <TR> <TD align="left">Date: November 8, 2012 </TD> <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Colin Meadows </TD> <TD> </TD> </TR><TR> <TD align="left"> </TD> <TD colspan="3" align="left">Colin Meadows, Principal Executive Officer </TD> <TD> </TD> </TR><TR> <TD align="left"> </TD> <TD colspan="3" align="left"> </TD> <TD> </TD> </TR> <TR> <TD colspan="5"> </TD> </TR> </TABLE> <P align="center" style="font-size: 10pt"><!-- Folio --> <!-- /Folio --> </DIV> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="font-family: 'Times New Roman',Times,serif"> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">I, Sheri Morris, Principal Financial Officer, certify that: </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. I have reviewed this report on Form N-CSR of Invesco Van Kampen Trust for Value Municipals; </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940 for the registrant and have: </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidating subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(d) Disclosed in this report any change in this registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing equivalent functions): </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. </DIV> <TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt"> <TR style="font-size: 24pt"> <TD width="48%"> </TD> <TD width="1%"> </TD> <TD width="1%"> </TD> <TD width="35%"> </TD> <TD width="15%"> </TD> </TR><TR> <TD align="left">Date: November 8, 2012 </TD> <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Sheri Morris </TD> <TD> </TD> </TR><TR> <TD align="left"> </TD> <TD colspan="3" align="left">Sheri Morris, Principal Financial Officer </TD> <TD> </TD> </TR><TR> <TD align="left"> </TD> <TD colspan="3" align="left"> </TD> <TD> </TD> </TR> <TR> <TD colspan="5"> </TD> </TR> </TABLE> <P align="center" style="font-size: 10pt"><!-- Folio --> <!-- /Folio --> </DIV> </BODY> </HTML> </TEXT> </DOCUMENT> <DOCUMENT> <TYPE>EX-99.906CERT <SEQUENCE>3 <FILENAME>h87085exv99w906cert.htm <DESCRIPTION>EX-99.906CERT <TEXT> <HTML> <HEAD> <TITLE>exv99w906cert</TITLE> </HEAD> <BODY bgcolor="#FFFFFF"> <!-- PAGEBREAK --> <DIV style="font-family: 'Times New Roman',Times,serif"> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">CERTIFICATION OF SHAREHOLDER REPORT </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt"> In connection with the Certified Shareholder Report of Invesco Van Kampen Trust for Value Municipals (the “Company”) on Form N-CSR for the period ended August 31, 2012, as filed with the Securities and Exchange Commission (the “Report”), I, Colin Meadows, Principal Executive Officer of the Company, certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that: </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt"> (1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt"> (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. </DIV> <TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt"> <TR style="font-size: 24pt"> <TD width="48%"> </TD> <TD width="1%"> </TD> <TD width="1%"> </TD> <TD width="35%"> </TD> <TD width="15%"> </TD> </TR> <TR> <TD align="left">Date: November 8, 2012 </TD> <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Colin Meadows </TD> <TD> </TD> </TR><TR> <TD align="left"> </TD> <TD colspan="3" align="left">Colin Meadows, Principal Executive Officer </TD> <TD> </TD> </TR> </TABLE> <DIV align="left" style="font-size: 10pt; margin-top: 24pt"> A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided by the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request. </DIV> <P align="center" style="font-size: 10pt"><!-- Folio --> <!-- /Folio --> </DIV> <!-- PAGEBREAK --> <P><HR noshade><P> <H5 align="left" style="page-break-before:always"> </H5><P> <DIV style="font-family: 'Times New Roman',Times,serif"> <DIV align="left" style="font-size: 10pt; margin-top: 6pt">CERTIFICATION OF SHAREHOLDER REPORT </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt"> In connection with the Certified Shareholder Report of Invesco Van Kampen Trust for Value Municipals (the “Company”) on Form N-CSR for the period ended August 31, 2012, as filed with the Securities and Exchange Commission (the “Report”), I, Sheri Morris, Principal Financial Officer of the Company, certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that: </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt"> (1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and </DIV> <DIV align="left" style="font-size: 10pt; margin-top: 6pt"> (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. </DIV> <TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt"> <TR style="font-size: 24pt"> <TD width="48%"> </TD> <TD width="1%"> </TD> <TD width="1%"> </TD> <TD width="35%"> </TD> <TD width="15%"> </TD> </TR> <TR> <TD align="left">Date: November 8, 2012 </TD> <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Sheri Morris </TD> <TD> </TD> </TR><TR> <TD align="left"> </TD> <TD colspan="3" align="left">Sheri Morris, Principal Financial Officer </TD> <TD> </TD> </TR> </TABLE> <DIV align="left" style="font-size: 10pt; margin-top: 24pt"> A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided by the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request. </DIV> <P align="center" style="font-size: 10pt"><!-- Folio --> <!-- /Folio --> </DIV> </BODY> </HTML> </TEXT> </DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>4 <FILENAME>h87085h8708501.gif <DESCRIPTION>GRAPHIC <TEXT> begin 644 h87085h8708501.gif M1TE&.#EA7`!.`.8``-G9V;Z]O24A(J^NKO3T],'`P/'Q\5Y;6RTI*O#P\$Q) M2L;%QJ:DI,[-SOKZ^OCX^,K)R>3DY+.RLI^=G8Z,C34Q,B@D):FHJ.SL[-[> MWD5"0XJ(B6AE9N[N[M+2TIJ9F8:$A.'@X#TY.C@T-;JYN4A%1NKJZM'0T(V+ MBW=U=4`]/MW<W*&@H%!-3H*`@5A55GUZ>Y.1D71Q<M?6UFQI:GAV=C`L+:&? 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