UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

**FORM N-Q**

**QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED**

**MANAGEMENT INVESTMENT COMPANY**

**_______________________________**

Investment Company Act file number  811-5970

Cash Account Trust

(Exact name of registrant as specified in charter)

 

222 South Riverside Plaza

Chicago, IL  60606

(Address of principal executive offices)             (Zip code)

 

Paul Schubert

345 Park Avenue

New York, NY  10154

(Name and address of agent for service)

Registrant's telephone number, including area code:  (212) 454-7190

Date of fiscal year end:  04/30

Date of reporting period: 01/31/08

 

ITEM 1.  SCHEDULE OF INVESTMENTS

 

| Investment Portfolio | **as of January 31, 2008  (Unaudited)** |
|----------------------|-----------------------------------------|

 

 

**Cash Account Trust-Tax-Exempt Portfolio**

 

|   | **Principal****Amount ($)**     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | **Value ($)** |
|--------|---------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------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|        |
|   | **Municipal Investments 96.8%** |  
**Alabama 0.4%**

 
Alabama, Huntsville-Randolph School, Educational Building Authority Lease Revenue, Randolph School Project, 2.2% *, 2/1/2038, Compass Bank (a) 

 

10,000,000

 

10,000,000

Hoover, AL, Board of Education Capital Outlay Warrants, Series D-11, 144A, 2.22% *, 2/15/2027 (b) 

 

4,495,000

 

4,495,000

 

**14,495,000**

**Alaska 0.2%**

 
Alaska, Lehman Municipal Trust Receipts, Various States, Series K40W-D, AMT, 144A, 3.95% *, 12/1/2036 (b) 

 

4,955,000

 

4,955,000

 

 

 

 

Anchorage, AK, Core City, General Obligation, Series II-R, 144A, 2.53% *, 6/1/2019 

 

2,880,000

 

2,880,000

 

**7,835,000**

**Arizona 1.0%**

 
Arizona, Health Facilities Authority Revenue, The Terraces, 2.15% *, 12/1/2037, Sovereign Bank FSB (a) 

 

10,000,000

 

10,000,000

Arizona, State University Revenues, Series A, 2.65% *, 7/1/2034 (b) 

 

9,015,000

 

9,015,000

Pinal County, AZ, Electrical District No. 3, Electrical Systems Revenue, Series U-1, 144A, 2.29% *, 10/3/2011 

 

16,995,000

 

16,995,000

Tucson, AZ, Water Revenue, Series R-8067, 144A, 2.28% *, 7/1/2032 (b) 

 

3,000,000

 

3,000,000

 

**39,010,000**

**Arkansas 0.1%**

 
Pocahontas, AR, Industrial Development Revenue, MacLean Esna LP Project, AMT, 2.27% *, 5/1/2015, Northern Trust Co. (a) 

 

2,500,000

 

**2,500,000**

**California 3.2%**

 
California, Bay Area Toll Authority, Toll Bridge Revenue, Series R-12019, 144A, 2.26% *, 4/1/2031 

 

9,415,000

 

9,415,000

California, Bay Area Toll Authority, Toll Bridge Revenue, San Francisco Bay Area, Series B, 2.37% *, 4/1/2039 (b) 

 

22,850,000

 

22,850,000

California, Lehman Municipal Trust Receipts, Various States:

 
 

Series 07-K17-D, 144A, 2.11% *, 12/1/2033 (b) 

 

6,075,000 

 

6,075,000 

 

Series K85W-D, 144A, 2.13% *, 12/1/2032  

 

12,115,000 

 

12,115,000 

 

Series P131W-D, 144A, 3.9% *, 5/15/2043 (b) 

 

14,550,000 

 

14,550,000 

 

Series 07-K14-D, 144A, 3.9% *, 5/15/2047 (b) 

 

15,100,000 

 

15,100,000 

California, Municipal Finance Authority, Multi-Family Housing Revenue, Series 2410, 144A, 2.25% *, 1/1/2020, JPMorgan Chase Bank (a) 

 

7,130,000

 

7,130,000

California, State General Obligation, Series 2178, 144A, 2.22% *, 12/1/2037 

 

3,395,000

 

3,395,000

California, Statewide Communities Development Authority, Multi-Family Housing Revenue, Series R-13021CE, 144A, AMT, 2.54% *, 12/1/2041 

 

3,300,000

 

3,300,000

Poway, CA, Unified School District, Series R-12224, 144A, 2.26% *, 8/1/2030 (b) 

 

7,110,000

 

7,110,000

San Francisco, CA, Bay Area Rapid Transit District, Series R-12222, 144A, 2.26% *, 8/1/2035 

 

2,950,000

 

2,950,000

San Francisco, CA, City & County Public Utilities Commission, Water Revenue, Series 2190, 144A, 2.16% *, 11/1/2031 (b) 

 

8,155,000

 

8,155,000

Southern California, Home Finance Authority, Single Family Mortgage Revenue, Series 2243, AMT, 144A, 2.25% *, 4/1/2015 

 

7,000,000

 

7,000,000

University of California Revenues, Series 2169, 144A, 2.22% *, 5/15/2031 (b) 

 

6,435,000

 

6,435,000

 

**125,580,000**

**Colorado 4.4%**

 
Austin Trust, Various States, Series 2007-319, 144A, 2.29% *, 6/7/2010, Bank of America NA (a) 

 

16,850,000

 

16,850,000

Colorado, Educational & Cultural Facilities Authority Revenue, Vail Mountain School Project, 2.21% *, 5/1/2033, KeyBank NA (a) 

 

5,000,000

 

5,000,000

Colorado, Health Facilities Authority Revenue, Catholic Health Initiatives, Series B-6, 2.35% *, 3/1/2044 

 

31,400,000

 

31,400,000

Colorado, Housing & Finance Authority, Solid Waste Revenue, Waste Management, Inc. Projects, AMT, 2.25% *, 7/1/2027, JPMorgan Chase Bank (a) 

 

11,900,000

 

11,900,000

Colorado, Lehman Municipal Trust Receipts, Various States, Series F9W-D, AMT, 144A, 2.27% *, 11/15/2016 

 

10,100,000

 

10,100,000

Colorado, Regional Transportation District, Sales Tax Revenue, Series R-10117, 144A,     2.53% *, 11/1/2036 

 

4,405,000

 

4,405,000

Colorado, State General Fund Revenue, Anticipation Notes, Series A, 4.25%, 6/27/2008 

 

50,000,000

 

50,103,863

Denver, CO, City & County Single Family Mortgage Revenue, Series 2358, AMT, 144A,   2.3% *, 3/1/2015 

 

8,580,000

 

8,580,000

Douglas County, CO, School District Number RE-1, Douglas & Elbert Counties, Series 163, 144A, 2.3% *, 6/15/2009 (b) 

 

5,655,000

 

5,655,000

Greenwood Village, CO, Fiddlers Business Improvement District, Series 2, 2.2% *, 12/1/2036, KeyBank NA (a) 

 

10,000,000

 

10,000,000

 

 

 

 

Larimer County, CO, School District No. R-1 Poudre, Series R-4535, 144A, 2.53% *, 12/15/2021 

 

2,755,000

 

2,755,000

RBC Municipal Products, Inc. Trust, Various States, Series C-11, 144A, 2.28% *, 12/1/2031, Royal Bank of Canada (a) 

 

17,580,000

 

17,580,000

 

**174,328,863**

**Delaware 0.7%**

 
Delaware, State Economic Development Authority Revenue, YMCA Delaware Project,     2.19% *, 5/1/2036, PNC Bank NA (a) 

 

6,585,000

 

6,585,000

Delaware, UBS Municipal (CRVS), Various States, Series 2007-11, AMT, 144A, 2.31% *, 7/1/2015 

 

8,965,000

 

8,965,000

Sussex County, DE, First Mortgage Revenue, Cadbury Lewes, Series C, 2.16% *, 1/1/2016, Citizens Bank of PA (a) 

 

10,515,000

 

10,515,000

 

**26,065,000**

**District of Columbia 0.7%**

 
District of Columbia, Center for Internships & Academic Revenue, 2.28% *, 7/1/2036, Branch Banking & Trust (a) 

 

3,400,000

 

3,400,000

District of Columbia, Family & Child Services Revenue, 2.15% *, 7/1/2041, Bank of America NA (a) 

 

6,400,000

 

6,400,000

District of Columbia, General Obligation, Series B-34, 144A, 2.36% *, 6/1/2026 (b) 

 

3,980,000

 

3,980,000

District of Columbia, Housing Finance Agency, Multi-Family Housing Revenue, Series R-433, AMT, 144A, 2.36% *, 6/1/2038 

 

7,780,000

 

7,780,000

Washington DC, Metropolitan Area Transportation Authority, 2.68%, 4/9/2008 

 

8,000,000

 

8,000,000

 

**29,560,000**

**Florida 4.5%**

 
Collier County, FL, Industrial Development Authority Revenue, Allete, Inc. Project, AMT, 2.27% *, 10/1/2025, Wells Fargo Bank NA (a) 

 

2,000,000

 

2,000,000

Florida, Capital Trust Agency Revenue, Aero Miami FX Project-Air Cargo, AMT, 2.27% *, 8/1/2034, Bank One NA (a) 

 

13,990,000

 

13,990,000

Florida, Housing Finance Corp., Multi-Family Revenue, Lakeside North, 2.16% *, 6/1/2034 

 

3,385,000

 

3,385,000

Florida, Housing Finance Corp., Multi-Family Revenue, Victoria Park, Series J-1, 2.2% *, 10/15/2032 

 

7,120,000

 

7,120,000

Florida, Housing Financial Corp., Multi-Family Mortgage Revenue, Clear Harbor Apartments, AMT, 2.26% *, 6/15/2042, Citibank NA (a) 

 

5,950,000

 

5,950,000

Florida, Lehman Municipal Trust Receipts, Various States, Series K86W-D, 144A, 2.14% *, 7/1/2032 (b) 

 

4,000,000

 

4,000,000

Florida, Municipal Securities Trust Certificates, "A", Series 7007, AMT, 144A, 2.3% *, 3/1/2040 (b) 

 

8,250,000

 

8,250,000

Florida, State Turnpike Authority Revenue, Series R-4041, 144A, 2.53% *, 7/1/2020 (b) 

 

13,345,000

 

13,345,000

Gulf Breeze, FL, Municipal Bond Fund Revenue, Series A, 2.24% *, 3/31/2021, Bank of America NA (a) 

 

10,610,000

 

10,610,000

Jacksonville, FL, Electric Authority, 2.85%, 3/5/2008 

 

5,500,000

 

5,500,000

Lee County, FL, Airport Revenue, Series 811-X, AMT, 144A, 2.23% *, 10/1/2029 (b) 

 

2,000,000

 

2,000,000

Leesburg, FL, Hospital Revenue, The Villages Regional Hospital Project, 2.23% *, 7/1/2036, Scotiabank (a) 

 

8,000,000

 

8,000,000

Miami-Dade County, FL, Industrial Development Authority Revenue, Gulliver Schools Project, 2.17% *, 9/1/2029, Bank of America NA (a) 

 

6,355,000

 

6,355,000

Miami-Dade County, FL, Industrial Development Authority Revenue, Palmer Trinity Private College Project, 2.21% *, 9/1/2035, KeyBank NA (a) 

 

5,000,000

 

5,000,000

Miami-Dade County, FL, School District Revenue, 5.0%, 2/15/2008 (b) 

 

6,495,000

 

6,498,396

Orange County, FL, Housing Finance Authority, Multi-Family Revenue:

 
 

Series 1179, AMT, 144A, 2.3% *, 10/1/2031  

 

8,400,000 

 

8,400,000 

 

Series E, AMT, 2.5% *, 3/1/2035, Bank of America NA (a) 

 

1,465,000 

 

1,465,000 

Orange County, FL, Housing Finance Authority, Multi-Family Revenue, Laurel Oaks Apartments, Phase I, AMT, 2.32% *, 8/15/2042, SunTrust Bank (a) 

 

10,780,000

 

10,780,000

Orange County, FL, Housing Finance Authority, Multi-Family Revenue, Laurel Oaks Apartments, Phase II, AMT, 2.32% *, 8/15/2042, SunTrust Bank (a) 

 

8,660,000

 

8,660,000

Orlando, FL, Government Financing, 2.7%, 5/8/2008 

 

6,720,000

 

6,720,000

 

 

 

 

Osceola County, FL, Housing Finance Authority, Multi-Family Revenue, Arrow Ridge Apartments, Series A, AMT, 2.3% *, 10/1/2032 

 

4,300,000

 

4,300,000

Palm Beach County, FL, Community Foundation, Palm Beach Project Revenue, 2.21% *, 3/1/2034, Northern Trust Co. (a) 

 

4,165,000

 

4,165,000

Palm Beach County, FL, Housing Finance Authority, Multi-Family Housing Revenue, Palm Gardens Apartments Project, AMT, 2.15% *, 9/15/2044, Citibank NA (a) 

 

10,250,000

 

10,250,000

Sarasota County, FL, Health Facilities Authority Revenue, Health Care Facilities, Bay Village Project, 2.17% *, 12/1/2023, Bank of America NA (a) 

 

4,620,000

 

4,620,000

Seminole County, FL, Industrial Development Authority Revenue, Masters Academy Project, 2.15% *, 11/1/2034, Allied Irish Bank PLC (a) 

 

8,640,000

 

8,640,000

Tallahassee, FL, Energy Systems Revenue, "A", 144A, 2.52% *, 10/1/2037 (b) 

 

9,905,000

 

9,905,000

 

**179,908,396**

**Georgia 4.2%**

 
Atlanta, GA, Airport Revenue, Series 2082, AMT, 144A, 2.23% *, 1/1/2030 (b) 

 

13,405,000

 

13,405,000

Atlanta, GA, Development Authority Revenue, Botanical Garden Improvements Project,   2.12% *, 11/1/2029, SunTrust Bank (a) 

 

9,500,000

 

9,500,000

Atlanta, GA, Water & Wastewater Revenue, Series C92, 144A, 2.36% *, 11/1/2029 (b) 

 

14,610,000

 

14,610,000

Fulton County, GA, Development Authority Revenue, Doris & Alex Weber School Project, 2.28% *, 12/1/2030, Branch Banking & Trust (a) 

 

5,000,000

 

5,000,000

Fulton County, GA, Development Authority Revenue, Kings Ridge Christian School, 2.28% *, 5/1/2026, Branch Banking & Trust (a) 

 

2,500,000

 

2,500,000

Fulton County, GA, Development Authority Revenue, Metro Atlanta YMCA Project, 2.18% *, 11/1/2022, SunTrust Bank (a) 

 

5,000,000

 

5,000,000

Fulton County, GA, Development Authority Revenue, Mount Vernon Presbyterian School, 2.28% *, 8/1/2035, Branch Banking & Trust (a) 

 

2,500,000

 

2,500,000

Fulton County, GA, Development Authority Revenue, Piedmont Healthcare, Inc. Project,  2.12% *, 6/1/2037, SunTrust Bank (a) 

 

9,000,000

 

9,000,000

Georgia, Lehman Municipal Trust Receipts, Various States, Series F1W-D, 144A, 2.2% *, 10/1/2032 

 

48,975,000

 

48,975,000

Georgia, Private Colleges & Universities Authority Revenue, Emory University, Series B, 2.3%*, 9/1/2033 

 

9,025,000

 

9,025,000

Georgia, Private Colleges & Universities Authority Revenue, Mercer University Project, Series A, 2.18% *, 10/1/2036, Branch Banking & Trust (a) 

 

5,500,000

 

5,500,000

RBC Municipal Products, Inc. Trust, Various States, Series C-3, 144A, AMT, 2.35% *, 3/1/2016, Royal Bank of Canada (a) 

 

10,000,000

 

10,000,000

RBC Municipal Products, Inc. Trust, Various States, Series C-9, AMT, 2.35% *, 8/1/2016, Royal Bank of Canada (a) 

 

30,495,000

 

30,495,000

 

**165,510,000**

**Hawaii 0.7%**

 
ABN AMRO Munitops Certificates Trust, Series 2004-16, 144A, 2.55% *, 7/1/2012 (b) 

 

7,200,000

 

7,200,000

Hawaii, General Obligation, Series R-4553, 144A, 2.53% *, 5/1/2023 (b) 

 

8,910,000

 

8,910,000

Honolulu, HI, City & County:

 
 

Series R-4043, 144A, 2.53% *, 3/1/2022 (b) 

 

4,920,000 

 

4,920,000 

 

Series R-12066, 144A, 2.59% *, 7/1/2024 (b) 

 

5,520,000 

 

5,520,000 

 

**26,550,000**

**Idaho 0.7%**

 
Idaho, Housing & Finance Association, Single Family Mortgage, Series A, AMT, 2.2% *, 7/1/2033 

 

3,000,000

 

3,000,000

Idaho, Lehman Municipal Trust Receipts, Various States, Series K39W-D, AMT, 144A,   2.26% *, 7/1/2038 

 

5,710,000

 

5,710,000

Idaho, State General Obligations, Tax Anticipation Notes, 4.5%, 6/30/2008 

 

20,000,000

 

20,060,824

 

**28,770,824**

**Illinois 9.2%**

 
ABN AMRO, Munitops Certificates Trust:

 
 

Series 2006-36, 144A, 2.27% *, 1/1/2014 (b) 

 

10,995,000 

 

10,995,000 

 

Series 2006-53, 144A, 2.27% *, 7/1/2014 (b) 

 

12,000,000 

 

12,000,000 

 

Series 2004-47, 144A, 2.55% *, 11/15/2012 (b) 

 

12,000,000 

 

12,000,000 

 

 

 

 

Austin Trust, Government Obligation, Various States:

 
 

Series 2001, 144A, 2.26% *, 12/1/2026 (b) 

 

4,175,000 

 

4,175,000 

 

Series 2007-2014, 144A, 2.26% *, 6/1/2034 (b) 

 

17,722,000 

 

17,722,000 

Chicago, IL, Board of Education, Series 2391, 144A, 2.25% *, 12/1/2015 (b) 

 

4,475,000

 

4,475,000

Chicago, IL, De La Salle Institute Project Revenue, 2.65% *, 4/1/2027, Fifth Third Bank (a) 

 

4,877,000

 

4,877,000

Chicago, IL, Metropolitan Water Reclamation District, Greater Chicago, Series R-11283, 144A, 2.28% *, 12/1/2021 

 

2,390,000

 

2,390,000

Chicago, IL, Multi-Family Housing Revenue, Series F3-D, AMT, 144A, 2.27% *, 7/15/2039 

 

13,305,000

 

13,305,000

Chicago, IL, Multi-Family Housing Revenue, Central Station Project, Series A, AMT, 2.33% *, 7/15/2039 

 

5,450,000

 

5,450,000

Chicago, IL, Single Family Mortgage Revenue, Series 2182, AMT, 144A, 2.32% *, 6/1/2039 

 

7,815,000

 

7,815,000

Chicago, IL, Solar Eclipse Funding Trust, Series 2006-0003, 144A, 3.8% *, 1/1/2026 (b) 

 

9,285,000

 

9,285,000

Chicago, IL, General Obligation, Chicago O'Hare Airport, 2.75%, 2/14/2008  

 

12,000,000 

 

12,000,000 

Chicago, IL, General Obligation, Series 332, 144A, 2.25% *, 1/1/2028 

 

5,345,000 

 

5,345,000 

Chicago, IL, Tender Notes, 3.2% *, 2/20/2009, Harris NA (a) 

 

6,650,000

 

6,650,000

Cook County, IL, Catholic Theological Union Project Revenue, 2.18% *, 2/1/2035, Harris Trust & Savings Bank (a) 

 

6,000,000

 

6,000,000

Cook County, IL, Industrial Development Revenue, Devorahco LLC Project, Series A, AMT, 2.25% *, 12/1/2034, LaSalle Bank NA (a) 

 

2,000,000

 

2,000,000

Hillside, IL, Economic Development Revenue, L&J Technologies Project, AMT, 2.27% *, 7/1/2024, Northern Trust Co. (a) 

 

3,420,000

 

3,420,000

Illinois, Development Finance Authority, Series D-10, 144A, 2.22% *, 7/15/2023 

 

12,755,000

 

12,755,000

Illinois, Development Finance Authority, Industrial Development Revenue, Home Run Inn Frozen Foods, AMT, 2.5% *, 4/1/2020, Bank One NA (a) 

 

2,515,000

 

2,515,000

Illinois, Development Finance Authority, Industrial Development Revenue, Katlaw Tretam & Co. Project, AMT, 2.25% *, 8/1/2027, LaSalle Bank NA (a) 

 

3,560,000

 

3,560,000

Illinois, Development Finance Authority, Industrial Project Revenue, Grecian Delight Foods Project, AMT, 2.25% *, 8/1/2019, LaSalle Bank NA (a) 

 

3,500,000

 

3,500,000

Illinois, Development Finance Authority Revenue, Series B-1, 2.23% *, 10/1/2029, Comerica Bank (a) 

 

3,325,000

 

3,325,000

Illinois, Development Finance Authority Revenue, Fenwick High School Project, 2.24% *, 3/1/2032, JPMorgan Chase Bank (a) 

 

5,600,000

 

5,600,000

Illinois, Development Finance Authority Revenue, Regional Organization Bank of Illinois Project, 2.45% *, 12/1/2020, Bank One NA (a) 

 

3,250,000

 

3,250,000

Illinois, Finance Authority, Student Housing Revenue, Dekalb LLC Project, Series A, 2.27% *, 7/1/2038, Sovereign Bank FSB (a) 

 

4,500,000

 

4,500,000

Illinois, Finance Authority Educational Facility Revenue, Erikson Institute Project, 2.15% *, 11/1/2037, LaSalle Bank NA (a) 

 

6,000,000

 

6,000,000

Illinois, Finance Authority Revenue, Northwestern Memorial Hospital, Series B-1, 2.0% *, 8/15/2042 

 

9,400,000

 

9,400,000

Illinois, Finance Authority Revenue, "A", 144A,  2.29% *,  12/1/2042   

 

8,565,000 

 

8,565,000 

Illinois, Finance Authority Revenue, Clare Oaks:

 
 

Series C, 2.16% *, 11/1/2040, Sovereign Bank FSB (a) 

 

5,000,000 

 

5,000,000 

 

Series D, 2.16% *, 11/1/2040, Sovereign Bank FSB (a) 

 

10,000,000 

 

10,000,000 

Illinois, Finance Authority Revenue, UBS Municipal (CRVS), Series 06-2001, 2.26% *, 7/1/2009 

 

5,000,000

 

5,000,000

Illinois, Housing Development Authority Revenue, Homeowner Mortgage, Series H-2, AMT, 3.48% *, 2/1/2039 

 

10,430,000

 

10,430,000

Illinois, Lehman Municipal Trust Receipts, Various States, Series K79W-D, 144A, 3.9% *, 7/1/2026 (b) 

 

12,475,000

 

12,475,000

Illinois, Munitops II Trust, Series 2007-29, 144A, 2.55% *, 6/1/2027 (b) 

 

16,200,000

 

16,200,000

Illinois, Regional Transportation Authority, Series A-23, 144A, 2.51% *, 7/1/2030 (b) 

 

4,900,000

 

4,900,000

Illinois, Reset Optional Certificates Trust II, Various States, Series R-1076, 144A, 2.53% *, 4/1/2029 (b) 

 

6,035,000

 

6,035,000

Illinois, Sales Tax Revenue, Series R-4516, 144A, 2.28% *, 6/15/2023 

 

4,435,000

 

4,435,000

Illinois, State General Obligation:

 
 

Series PT-3524, 2.24% *, 1/1/2020  

 

10,470,000 

 

10,470,000 

 

Series PT-1750, 144A, 2.42% *, 12/1/2010 (b) 

 

5,220,000 

 

5,220,000 

Illinois, University of Illinois Revenue, "A", 144A, 2.54% *, 4/1/2035 (b) 

 

14,300,000

 

14,300,000

 

 

 

 

Justice, IL, Multi-Family Housing Revenue, Candlewood Apartments Project, AMT, 2.29% *, 1/15/2033 

 

10,700,000

 

10,700,000

Kane County, IL, Community Unit School District Number 304 Geneva, Series 2272, 144A, 2.25% *, 1/1/2015 (b) 

 

7,795,000

 

7,795,000

Lake Zurich, IL, Industrial Development Revenue, Screenco LLC/ScreenFlex Project, AMT, 2.25% *, 3/1/2018, LaSalle National Bank (a) 

 

1,435,000

 

1,435,000

Mundelein, IL, Industrial Development Revenue, MacLean Fogg Co. Project, AMT, 2.27% *, 1/1/2015, Northern Trust Co. (a) 

 

6,500,000

 

6,500,000

Tinley Park, IL, Industrial Development Revenue, Harbor Tool Manufacturing, Inc., Project, AMT, 2.25% *, 7/1/2020, LaSalle Bank NA (a) 

 

2,080,000

 

2,080,000

Woodridge, IL, Du Page Will & Cook Counties, Industrial Development Revenue, Morey Realty Group, Inc. Project, AMT, 2.36% *, 12/1/2016, Bank One NA (a) 

 

3,260,000

 

3,260,000

Woodstock, IL, Multi-Family Housing Revenue, Willow Brooke Apartments, AMT, 2.26% *, 4/1/2042, Wells Fargo Bank NA (a) 

 

28,000,000

 

28,000,000

 

**367,109,000**

**Indiana 2.2%**

 
Columbia City, IN, Economic Development Revenue, Precision Plastics Project, AMT,     2.27% *, 11/30/2017, Northern Trust Co. (a) 

 

3,700,000

 

3,700,000

Crown Point, IN, Multi-School Building Corp., Series 1056, ETM, 144A, 2.3% *, 7/15/2013

 

6,595,000

 

6,595,000

Indiana, Health & Educational Facility, Financing Authority Revenue, Greenwood Village South Project, Series A, 2.16% *, 5/1/2036, Sovereign Bank FSB (a) 

 

9,400,000

 

9,400,000

Indiana, Health Facility Financing Authority Revenue, Clark Memorial Hospital, Series A, 2.23% *, 4/1/2024, Bank One NA (a) 

 

2,000,000

 

2,000,000

Indiana, State Development Finance Authority, Industrial Development Revenue, Enterprise Center V Project, AMT, 2.3% *, 6/1/2022, LaSalle Bank NA (a) 

 

5,000,000

 

5,000,000

Indiana, State Development Finance Authority, Industrial Development Revenue, Enterprise Center VI Project, AMT, 2.3% *, 6/1/2022, LaSalle Bank NA (a) 

 

4,900,000

 

4,900,000

Indiana, State Development Finance Authority, Industrial Development Revenue, Red Gold Inc., Project, Series A, 2.5% *, 6/30/2009, Harris Trust and Savings Bank (a) 

 

3,700,000

 

3,700,000

Indiana, Transportation Finance Authority Highway Revenue, Series R-4528, 144A, 2.28% *, 6/1/2018 (b) 

 

2,255,000

 

2,255,000

Indiana University, 2.83%, 2/28/2008 

 

37,000,000

 

37,000,000

Indianapolis, IN, Local Public Import Bond Bank, Macon Trust, Series P, 144A, AMT, 3.1% *, 1/1/2030 (b) 

 

3,120,000

 

3,120,000

Terre Haute, IN, Westminster Village Revenue, Series A, 2.16% *, 8/1/2036, Sovereign Bank FSB (a) 

 

9,245,000

 

9,245,000

 

**86,915,000**

**Iowa 1.7%**

 
Iowa, Finance Authority Multi-Family Revenue, Windsor on the River LLC, Series A, AMT, 2.27% *, 5/1/2042, Wells Fargo Bank NA (a) 

 

17,000,000

 

17,000,000

Iowa, Finance Authority Student Housing Revenue, Des Moines LLC Project, Series A,    2.17% *, 6/1/2039, Citibank NA (a) 

 

10,000,000

 

10,000,000

Iowa, State Tax & Revenue Anticipation Notes, 4.0%, 6/30/2008 

 

40,000,000

 

40,120,861

 

**67,120,861**

**Kansas 0.1%**

 
Kansas, State Development Finance Authority, Multi-Family Revenue, Oak Ridge Park II Project, Series X, AMT, 2.33% *, 12/1/2036, Marshall & Ilsley (a) 

 

3,650,000

 

**3,650,000**

**Kentucky 1.0%**

 
Danville, KY, Municipal Lease, 2.87%, 2/7/2008 

 

30,330,000

 

30,330,000

Kentucky, Housing Corp. Revenue, Series F, AMT, 2.25% *, 7/1/2029 

 

1,940,000

 

1,940,000

Louisville & Jefferson County, KY, Lehman Municipal Trust Receipts, Various States, Series 06-F10-D, 144A, 2.2% *, 8/1/2022 

 

6,804,921

 

6,804,921

Somerset, KY, Blakley Family YMCA, Inc. Project, 2.2% *, 4/1/2015, Fifth Third Bank (a) 

 

2,415,000

 

2,415,000

 

**41,489,921**

 

 

 

 

**Louisiana 2.1%**

 
Louisiana, Lehman Municipal Trust Receipts, Various States, Series K29-D, 144A, 2.24% *, 12/1/2038 

 

6,010,000

 

6,010,000

Louisiana, Local Government Environmental Facilities & Community Development Authority Revenue, Downreit, Inc., Series B, 2.0% *, 10/1/2037, ABN AMRO Bank NV (a) 

 

10,635,000

 

10,635,000

Louisiana, Public Facilities Authority Revenue, Series 2006-153, 144A, 2.24% *, 7/1/2034 

 

5,000,000

 

5,000,000

Louisiana, State Gas & Fuels Tax Revenue, "A", 144A, 2.29% *, 5/1/2036 (b) 

 

5,000,000

 

5,000,000

Louisiana, State Municipal Natural Gas Purchasing & District Authority, Series 1411Q, 144A, 2.25% *, 3/15/2014, JPMorgan Chase & Co. (a) 

 

50,902,000

 

50,902,000

Louisiana, State Offshore Term Authority, Deep Water Port Revenue, Loop LLC Project,  2.12% *, 10/1/2019, JPMorgan Chase Bank (a) 

 

5,900,000

 

5,900,000

 

**83,447,000**

**Maine 0.3%**

 
Maine, State Board Anticipation Notes, 3.25%, 6/10/2008 

 

3,900,000

 

3,909,192

Maine, State Housing Authority Mortgage Purchase:

 
 

Series B, AMT, 2.3% *, 11/15/2041  

 

5,000,000 

 

5,000,000 

 

Series G, AMT, 2.25% *, 11/15/2037  

 

5,000,000 

 

5,000,000 

 

**13,909,192**

**Maryland 0.7%**

 
Maryland, John Hopkins Health Systems, 2.95%, 2/4/2008 

 

10,000,000

 

10,000,000

Maryland, State Economic Development Corp. Revenue, YMCA Central Maryland Project, 2.28% *, 4/1/2031, Branch Banking & Trust (a) 

 

3,850,000

 

3,850,000

Maryland, State Health & Higher Educational Facilities Authority Revenue, Mercy Medical Center, Series C, 2.1% *, 7/1/2037, Bank of America NA (a) 

 

5,515,000

 

5,515,000

Montgomery County, MD, Economic Development Revenue, Howard Hughes Medical Facility, Series A, 2.2% *, 10/15/2020 

 

10,000,000

 

10,000,000

 

**29,365,000**

**Massachusetts 5.6%**

 
Massachusetts, Macon Trust, Various States:

 
 

Series 2007-343, 144A, 2.31% *, 12/1/2012, Bank of America NA (a) 

 

77,388,000 

 

77,388,000 

 

Series 2007-344, 144A, 2.31% *, 12/1/2012, Bank of America NA (a) 

 

40,000,000 

 

40,000,000 

Massachusetts, State Development Finance Agency Revenue:

 
 

Northfield Mount Hermon, 2.18% *, 10/1/2042, JPMorgan Chase Bank (a) 

 

14,000,000 

 

14,000,000 

 

Series R-11286, 144A, 2.28% *, 7/1/2038  

 

4,000,000 

 

4,000,000 

Massachusetts, State Development Finance Agency Revenue, Bridgewell, Inc., Series A,      2.19% *, 6/1/2030, KeyBank NA (a) 

 

5,000,000

 

5,000,000

Massachusetts, State Development Finance Agency Revenue, Buckingham Brown & Nichols, 2.15% *, 6/1/2036, JPMorgan Chase Bank (a) 

 

1,600,000

 

1,600,000

Massachusetts, State Development Finance Agency Revenue, Charles River School, 2.23% *, 5/1/2037, Citizens Bank of MA (a) 

 

5,000,000

 

5,000,000

Massachusetts, State Development Finance Agency Revenue, Governor Dummer Academy, 2.16% *, 8/1/2036, Citizens Bank of MA (a) 

 

3,000,000

 

3,000,000

Massachusetts, State Development Finance Agency Revenue, Tabor Academy, Series A,     2.16% *, 12/1/2036, Citizens Bank of MA (a) 

 

7,670,000

 

7,670,000

Massachusetts, State Development Finance Agency Revenue, YMCA of Greater Worcester, 2.18% *, 9/1/2041, TD BankNorth NA (a) 

 

5,775,000

 

5,775,000

Massachusetts, State General Obligation:

 
 

Series R-11130, 144A, 2.27% *, 10/1/2018 (b) 

 

7,890,000 

 

7,890,000 

 

2.75%, 3/11/2008  

 

5,000,000 

 

5,000,000 

Massachusetts, State Health & Educational Facilities Authority Revenue, Amherst College, Series H, 2.63% *, 11/1/2033 

 

12,750,000

 

12,750,000

Massachusetts, State Housing Finance Agency Revenue, Series L-27-D, AMT, 144A, 2.2% *, 12/1/2025 

 

14,430,000

 

14,430,000

Massachusetts, State Industrial Finance Agency Revenue, Groton School Issue, Series B,  2.16% *, 3/1/2028 

 

9,000,000

 

9,000,000

Massachusetts, State School Building Authority, Dedicated Sales Tax Revenue:

 
 

Series R-11280, 144A, 2.52% *, 8/15/2037 (b) 

 

7,615,000 

 

7,615,000 

 

 

 

 

 

Series 2386, 144A, 2.6% *, 8/15/2015 (b) 

 

3,310,000 

 

3,310,000 

 

**223,428,000**

**Michigan 1.6%**

 
Detroit, MI, Revenue Anticipation Notes, 4.5%, 3/1/2008, ScotiaBank (a) 

 

20,600,000

 

20,612,577

Flushing, MI, General Obligation, Community Schools, Series R-4517, 144A, 2.28% *, 5/1/2023 

 

5,135,000

 

5,135,000

Forest Hills, MI, Public Schools, Series 1791, 144A, 2.25% *, 5/1/2009 

 

10,395,000

 

10,395,000

Michigan, Higher Education Facilities Authority Revenue, Spring Arbor University, 2.22% *, 11/1/2030, Comerica Bank (a) 

 

3,435,000

 

3,435,000

Michigan, Lehman Municipal Trust Receipts, Various States, Series K83W-D, 144A, 2.19% *, 5/1/2027 (b) 

 

5,380,000

 

5,380,000

Michigan, State Certificates of Participation, Series 530, 144A, 2.45% *, 9/1/2011 

 

4,625,000

 

4,625,000

University of Michigan, 2.73%, 3/11/2008 

 

15,000,000

 

15,000,000

 

**64,582,577**

**Minnesota 1.0%**

 
Coon Rapids, MN, Industrial Development Revenue, Kurt Manufacturing Project, AMT:

 
 

2.29% *, 11/1/2017, US Bank NA (a) 

 

4,000,000 

 

4,000,000 

 

2.29% *, 11/1/2027, US Bank NA (a) 

 

5,000,000 

 

5,000,000 

Minnesota, Northern Municipal Power Agency, Electric System Revenue, Series 46, 2.2% *, 1/1/2016 (b) 

 

4,995,000

 

4,995,000

Minnesota, State General Obligation, Series R-4065, 144A, 2.28% *, 8/1/2023 

 

3,830,000

 

3,830,000

Rochester, MN, Mayo Foundation, 2.8%, 2/6/2008 

 

21,000,000

 

21,000,000

 

**38,825,000**

**Mississippi 0.4%**

 
Mississippi, Redstone Partners Floaters/Residuals Trust:

 
 

Series A, AMT, 144A, 2.34% *, 12/1/2047  

 

7,995,000 

 

7,995,000 

 

Series C, AMT, 144A, 2.34% *, 12/1/2047  

 

9,375,000 

 

9,375,000 

 

**17,370,000**

**Missouri 0.6%**

 
Missouri, Development Finance Board, Air Cargo Facility Revenue, St. Louis Airport, AMT, 2.24% *, 3/1/2030, American National Bank & Trust (a) 

 

12,000,000

 

12,000,000

Platte County, MO, Industrial Development Authority Industrial Revenue, Complete Home Concepts, Series A, AMT, 2.28% *, 1/1/2039, Columbian Bank (a) 

 

6,800,000

 

6,800,000

St Louis, MO, Airport Revenue, Series 004, 144A, 2.19% *, 7/1/2026 (b) 

 

4,320,000

 

4,320,000

 

**23,120,000**

**Nebraska 0.4%**

 
Nebraska, Investment Finance Authority, Single Family Housing Revenue:

 
 

Series B, AMT, 2.2% *, 9/1/2034  

 

4,755,000 

 

4,755,000 

 

Series B, AMT, 2.2% *, 9/1/2036  

 

1,965,000 

 

1,965,000 

 

Series E, AMT, 2.2% *, 9/1/2034  

 

4,080,000 

 

4,080,000 

Omaha, NE, Public Power District, 2.8%, 2/5/2008 

 

5,000,000

 

5,000,000

 

**15,800,000**

**Nevada 0.6%**

 
Clark County, NV, Water Reclamation District, Series 2295, 144A, 2.5% *, 7/1/2015 (b) 

 

4,815,000

 

4,815,000

Nevada, Housing Division Single Family Mortgage Revenue, Series B, AMT, 2.15% *, 4/1/2042 

 

8,000,000

 

8,000,000

Nevada, Housing Division, Multi-Unit Housing, Apache Project, Series A, AMT, 2.25% *, 10/15/2032 

 

4,400,000

 

4,400,000

Nevada, State Director Department of Business & Industry, Nevada Cancer Institute Project, 2.15% *, 12/1/2033, Bank of America NA (a) 

 

6,750,000

 

6,750,000

 

**23,965,000**

 

 

 

 

**New Hampshire 1.5%**

 
New Hampshire, Health & Education Facilities Authority Revenue, Currier Museum of Art, 2.23% *, 8/1/2036, Citizens Bank of NH (a) 

 

12,000,000

 

12,000,000

New Hampshire, Health & Education Facilities Authority Revenue, Kendal at Hanover, Series B, 2.23% *, 10/1/2030, RBS Citizens NA (a) 

 

13,895,000

 

13,895,000

New Hampshire, Health & Education Facilities Authority Revenue, LRG Healthcare, Series B, 2.18% *, 1/1/2032, JPMorgan Chase Bank (a) 

 

8,335,000

 

8,335,000

New Hampshire, Health & Educational Facilities Authority Revenue, Androscoggin Valley Hospital, 2.18% *, 11/1/2027, JPMorgan Chase Bank (a) 

 

15,000,000

 

15,000,000

New Hampshire, Higher Educational & Health Facilities Authority Revenue, Greater Manchester YMCA, 2.32% *, 10/1/2028, RBS Citizens NA (a) 

 

3,800,000

 

3,800,000

New Hampshire, State Business Finance Authority, Exempt Facilities Revenue, Waste Management of New Hampshire, Inc. Project, AMT, 2.23% *, 9/1/2012, Wachovia Bank NA (a) 

 

6,000,000

 

6,000,000

 

**59,030,000**

**New Jersey 0.5%**

 
New Jersey, Economic Development Authority, Industrial Development Revenue, CST-Products LLC Project, AMT, 2.36% *, 4/1/2026, National Bank of Canada (a) 

 

3,000,000

 

3,000,000

New Jersey, Environmental Infrastructure Trust, Series 2323, 144A, 2.25% *, 9/1/2014 

 

4,150,000

 

4,150,000

New Jersey, State Transportation Corp. Certificates, Series PA-785, 144A, 2.4% *, 9/15/2015 

 

4,685,000

 

4,685,000

New Jersey, State Transportation Trust Fund Authority Revenue, Series PA-802, 144A,     2.25% *, 12/15/2009 (b) 

 

6,840,000

 

6,840,000

 

**18,675,000**

**New Mexico 0.8%**

 
New Mexico, UBS Municipal (CRVS), Various States, Series 07-23, AMT, 144A, 2.31% *, 2/1/2017 

 

10,670,000

 

10,670,000

University of New Mexico Revenue, 2.18% *, 6/1/2026 

 

20,185,000

 

20,185,000

 

**30,855,000**

**New York 3.5%**

 
Albany County, NY, Airport Authority Revenue, Series A, AMT, 2.5% *, 12/15/2023, Bank of America NA (a) 

 

7,000,000

 

7,000,000

Albany, NY, Industrial Development Agency, Civic Facility Revenue, Albany College of Pharmacy, Series A, 2.22% *, 7/1/2038, TD BankNorth NA (a) 

 

7,330,000

 

7,330,000

Austin Trust, Various States, Series 2007-132, 144A, 2.84% *, 6/15/2030 

 

12,980,000

 

12,980,000

New York, State Dormitory Authority Revenues, Series 305, 2.23% *, 5/15/2015 

 

4,870,000

 

4,870,000

New York, State Dormitory Authority Revenues, Secondary Issue, Series R-6052, 144A,  3.77% *, 2/15/2022 (b) 

 

4,170,000

 

4,170,000

New York, State Housing Finance Agency Revenue, 125 West 31st Street Housing, Series A, AMT, 1.95% *, 5/15/2038 

 

20,300,000

 

20,300,000

New York, State Housing Finance Agency Revenue, Helena Housing, Series A, AMT, 2.39% *, 5/15/2036 

 

1,000,000

 

1,000,000

New York, State Thruway Authority, Highway & Bridge Trust Fund, Series R-458, 144A, 3.77% *, 4/1/2020 (b) 

 

3,000,000

 

3,000,000

New York, State Thruway Authority, Personal Income Tax Revenue, Series PT-3027, 144A, 2.24% *, 3/15/2025 (b) 

 

5,500,000

 

5,500,000

New York, Triborough Bridge & Tunnel Authority Revenues, Series C, 2.87% *, 1/1/2032 (b) 

 

28,510,000

 

28,510,000

New York City, NY, Industrial Development Agency Revenue, Empowerment Zone, TIAGO Holdings LLC, AMT, 2.2% *, 1/1/2037, ING Bank NV (a) 

 

3,500,000

 

3,500,000

New York City, NY, Municipal Water Finance Authority, 3.0%, 2/13/2008 

 

15,000,000

 

15,000,000

New York, NY, General Obligation:

 
 

Series 2392, 144A, 2.25% *, 2/1/2015  

 

6,295,000 

 

6,295,000 

 

Series 2390, 144A, 2.6% *, 4/1/2013

 

9,375,000 

 

9,375,000 

Ontario County, NY, Industrial Development Agency, Civic Facility Revenue, Greater Canadaigua Family, 2.16% *, 10/1/2040, RBS Citizens NA (a) 

 

8,360,000

 

8,360,000

Ontario County, NY, Industrial Development Agency, Civic Facility Revenue, Frederick Ferris Thompson Hospital, Series B, 2.25% *, 7/1/2030, KeyBank of New York (a) 

 

3,000,000

 

3,000,000

 

**140,190,000**

 

 

 

 

**North Carolina 2.1%**

 
Cleveland County, NC, Industrial Facilities & Pollution Control Financing Authority Revenue, Curtiss-Wright Flight System, AMT, 2.25% *, 11/1/2023, Bank of America NA (a) 

 

4,150,000

 

4,150,000

North Carolina, Capital Educational Facilities Finance Agency Revenue, High Point University Project, 2.28% *, 12/1/2028, Branch Banking & Trust (a) 

 

3,455,000

 

3,455,000

North Carolina, Capital Facilities Finance Agency Educational Revenue, Forsyth Country Day School, 2.28% *, 12/1/2031, Branch Banking & Trust (a) 

 

11,035,000

 

11,035,000

North Carolina, Capital Facilities Finance Agency, Educational Facilities Revenue, Salem Academy & College Project, 2.28% *, 8/1/2030, Branch Banking & Trust (a) 

 

7,400,000

 

7,400,000

North Carolina, Medical Care Commission, Health Care Facilities Revenue, First Mortgage, Pennybyrn Project, Series C, 2.12% *, 10/1/2035, Bank of America NA (a) 

 

24,000,000

 

24,000,000

North Carolina, Medical Care Commission, Health Care Facilities Revenue, Lutheran Retirement Project, 2.22% *, 1/1/2037, SunTrust Bank (a) 

 

9,725,000

 

9,725,000

North Carolina, Medical Care Commission, Retirement Facilities Revenue, First Mortgage Southminster, Series C, 2.13% *, 10/1/2014, Sovereign Bank FSB (a) 

 

10,000,000

 

10,000,000

North Carolina, Medical Care Community Hospital Revenue, Southeastern Regional Medical Center, 2.28% *, 6/1/2037, Branch Banking & Trust (a) 

 

2,500,000

 

2,500,000

North Carolina, Medical Care Community, Retirement Facilities Revenue, First Mortgage-United Methodist:

 
 

Series B, 2.28% *, 10/1/2008, Branch Banking & Trust (a) 

 

3,650,000 

 

3,650,000 

 

Series B, 2.28% *, 10/1/2035, Branch Banking & Trust (a) 

 

5,000,000 

 

5,000,000 

University of North Carolina Revenues, Series R-11292, 144A, 2.28% *, 12/1/2036 

 

3,090,000

 

3,090,000

 

**84,005,000**

**Ohio 4.2%**

 
Akron, Bath & Copley, OH, Joint Township Hospital District Revenue, Health Care Facility, Summner Project, 2.23% *, 12/1/2032, KBC Bank NV (a) 

 

5,130,000

 

5,130,000

Athens County, OH, Port Authority, Housing Revenue, University Housing for Ohio, Inc. Project, 2.18% *, 6/1/2032, Wachovia Bank NA (a) 

 

9,175,000

 

9,175,000

Butler County, OH, Healthcare Facilities Revenue, LifeSphere Project, 2.23% *, 5/1/2030, US Bank NA (a) 

 

6,960,000

 

6,960,000

Columbus, OH, City School District, Series 2336, 144A, 2.25% *, 12/1/2014 (b) 

 

5,390,000

 

5,390,000

Columbus, OH, General Obligation, Series R-11293, 144A, 2.28% *, 9/1/2020 

 

6,000,000

 

6,000,000

Columbus, OH, Sewer Revenue, Series B, 2.15% *, 6/1/2032 

 

3,530,000

 

3,530,000

Cuyahoga County, OH, Hospital Revenue, Improvement Metrohealth System, 2.3% *, 2/1/2035, National City Bank (a) 

 

10,100,000

 

10,100,000

Franklin County, OH, Health Care Facilities Revenue, Ohio Presbyterian, Series A, 2.22% *, 7/1/2036, National City Bank (a) 

 

25,000,000

 

25,000,000

Hamilton County, OH, Hospital Facilities Revenue, Children’s Hospital Medical Center, Series N, 2.2% *, 5/15/2037, JPMorgan Chase Bank (a) 

 

6,000,000

 

6,000,000

Huron County, OH, Hospital Facilities Revenue, Fisher-Titus Medical Center, Series A,    2.22% *, 12/1/2027, National City Bank (a) 

 

3,715,000

 

3,715,000

Ohio, Clipper Tax-Exempt Certificate Trust, Series 2006-8, AMT, 144A, 2.32% *, 11/1/2008 

 

8,255,000

 

8,255,000

Ohio, Housing Finance Agency, Mortgage Revenue, Residential-Mortgage Backed, Series D, AMT, 2.23% *, 9/1/2036 

 

45,000,000

 

45,000,000

Ohio, State Air Quality Development Authority Revenue, Pollution Control, FirstEnergy Generation, Series A, 2.2% *, 12/1/2023, KeyBank NA (a) 

 

24,000,000

 

24,000,000

Ohio, State Higher Educational Facility Revenue, Cleveland Institution Music Project, 2.26% *, 5/1/2030, National City Bank (a) 

 

6,000,000

 

6,000,000

Summit County, OH, Revenue Bonds, Western Reserve Academy Project, 2.19% *, 10/1/2027, KeyBank NA (a) 

 

5,130,000

 

5,130,000

 

**169,385,000**

**Oklahoma 0.6%**

 
Oklahoma, Development Finance Authority, Continuing Care Retirement, Inverness Village Project, Series A, 2.16% *, 1/1/2042, KBC Bank NV (a) 

 

16,000,000

 

16,000,000

University of Oklahoma, Hospitals Trust Revenue, Series A, 2.15% *, 8/15/2035, Bank of America NA (a) 

 

8,850,000

 

8,850,000

 

**24,850,000**

 

 

 

 

**Oregon 3.5%**

 
Austin Trust, Various States, Series 2007-313, 144A, 2.29% *, 12/1/2039 

 

8,805,000

 

8,805,000

Oregon, Munitops II Trust:

 
 

Series 2007-64, 144A, 2.27% *, 6/15/2015 (b) 

 

10,980,000 

 

10,980,000 

 

Series 2007-38, 144A, 2.29% *, 6/15/2015 (b) 

 

8,471,000 

 

8,471,000 

Oregon, State Department of Administrative Services, Certificates of Participation, Series PT-1679, 144A, 2.42% *, 11/1/2012 (b) 

 

4,125,000

 

4,125,000

Oregon, State General Obligation, Tax Anticipation Notes, Series A, 4.5%, 6/30/2008 

 

90,000,000

 

90,311,050

Salem, OR, Hospital Facility Authority Revenue, Capital Manor, Inc. Project:

 
 

2.25% *, 5/1/2034, Bank of America NA (a) 

 

9,175,000 

 

9,175,000 

 

2.25% *, 5/1/2037, Bank of America NA (a) 

 

5,665,000 

 

5,665,000 

 

**137,532,050**

**Pennsylvania 3.7%**

 
ABN AMRO, Munitops Certificates Trust, Series 2003-24, 144A, 2.26% *, 6/1/2011 (b) 

 

16,500,000

 

16,500,000

Adams County, PA, Industrial Development Authority Revenue, Brethren Home Community Project, 2.28% *, 6/1/2032, PNC Bank NA (a) 

 

8,000,000

 

8,000,000

Alleghany County, PA, Gateway School District, Series 2315, 144A, 2.25% *, 7/15/2015 (b) 

 

2,840,000

 

2,840,000

Allentown, PA, Area Hospital Authority Revenue, Sacred Heart Hospital, Series B, 2.17% *, 7/1/2023, Wachovia Bank NA (a) 

 

5,785,000

 

5,785,000

Beaver County, PA, Industrial Development Authority, Pollution Control Revenue, FirstEnergy, Series B, 2.17% *, 12/1/2041, Royal Bank of Scotland (a) 

 

5,000,000

 

5,000,000

Delaware County, PA, Authority Revenue, Riddle Village Project, 2.12% *, 6/1/2037, Sovereign Bank FSB (a) 

 

10,000,000

 

10,000,000

Luzerne County, PA, Industrial Development Authority Revenue, Pennsummit Tubular LLC, Series A, AMT, 2.25% *, 2/1/2021, Wachovia Bank NA (a) 

 

2,760,000

 

2,760,000

Moon, PA, Industrial Development Authority, First Mortgage Revenue, Providence Point Project, 2.0% *, 7/1/2038, Bank of Scotland (a) 

 

23,800,000

 

23,800,000

Northampton County, PA, Higher Education Authority Revenue, Lafayette College, Series A, 2.29% *, 11/1/2028 

 

11,100,000

 

11,100,000

Pennsylvania, State Higher Educational Facilities Authority Revenue, Association of Independent Colleges & Universities, Series L-3, 2.22% *, 5/1/2028, PNC Bank NA (a) 

 

5,100,000

 

5,100,000

Pennsylvania, State Higher Educational Facilities Authority, Hospital Revenue, Series MT-042, 144A, 2.5% *, 1/1/2024 

 

6,385,000

 

6,385,000

Philadelphia, PA, General Obligation, Series B, 2.23% *, 8/1/2031 (b) 

 

15,000,000

 

15,000,000

Philadelphia, PA, School District, Tax & Revenue Anticipation Notes, Series A, 4.5%, 6/27/2008, Bank of America NA (a) 

 

35,000,000

 

35,106,071

 

**147,376,071**

**Puerto Rico 0.3%**

 
Puerto Rico, Industrial Tourist Educational, Medical & Environmental Control Facilities, Bristol-Myers Squibb Project, AMT, 2.25% *, 12/1/2030 

 

4,500,000

 

4,500,000

Puerto Rico, Municipal Securities Trust Certificates, Series 2000-102, 144A, 4.0% *, 12/2/2014 

 

9,100,000

 

9,100,000

 

**13,600,000**

**Rhode Island 0.2%**

 
Rhode Island, UBS Municipal (CRVS), Various States, Series 07-1038, AMT, 144A, 2.31% *, 9/1/2027 

 

6,665,000

 

**6,665,000**

**South Carolina 2.8%**

 
Charleston County, SC, School District, Tax Anticipation Notes, 4.25%, 4/15/2008 

 

43,200,000

 

43,246,595

Greenwood County, SC, Exempt Facility Industrial Revenue, Fuji Photo Film Project, AMT, 2.38% *, 9/1/2011 

 

3,300,000

 

3,300,000

South Carolina, Educational Facilities Authority for Private Nonprofit Institutions, Coker College, 2.2% *, 6/1/2019, Wachovia Bank NA (a) 

 

3,945,000

 

3,945,000

South Carolina, Jobs Economic Development Authority Revenue, Goodwill Industries of Lower South Carolina, 2.18% *, 10/1/2028, Wachovia Bank NA (a) 

 

16,620,000

 

16,620,000

South Carolina, Jobs Economic Development Authority Revenue, Goodwill Industries of Upper South Carolina, Inc., Project, 2.28% *, 9/1/2028, Branch Banking & Trust (a) 

 

5,500,000

 

5,500,000

South Carolina, Jobs Economic Development Authority, Hospital Facilities Revenue, Sisters of Charity Hospitals, 2.21% *, 11/1/2032, Wachovia Bank NA (a) 

 

13,265,000

 

13,265,000

 

 

 

 

South Carolina, Lehman Municipal Trust Receipts, Various States, Series 2007-P93W, AMT, 144A, 2.23% *, 7/1/2037 

 

9,975,000

 

9,975,000

South Carolina, Macron Trust, Various States, Series 2007-303, 144A, 2.29% *, 2/1/2012, Bank of America NA (a) 

 

9,080,000

 

9,080,000

South Carolina, Transportation Infrastructure Bank Revenue, Series 316, 144A, 2.3% *, 10/1/2021 

 

5,200,000

 

5,200,000

 

**110,131,595**

**Tennessee 1.0%**

 
Chattanooga, TN, Health Educational & Housing Facility Board Revenue, Catholic Health, Series C, 2.35% *, 5/1/2039 

 

8,650,000

 

8,650,000

Clarksville, TN, Public Building Authority Revenue, Murfreesboro Lane, 2.12% *, 7/1/2024, SunTrust Bank (a) 

 

7,000,000

 

7,000,000

Nashville & Davidson County, TN, Metropolitan Government Health & Educational Facilities Board Revenue, Housing Old Hickory Towers, Series A, AMT, 144A, 2.25% *, 1/1/2030, Wachovia Bank NA (a) 

 

3,596,000

 

3,596,000

Nashville & Davidson County, TN, Metropolitan Government Health & Educational Facilities Board Revenue, Jackson Grove Apartments, Series A, AMT, 2.26% *, 4/1/2036, Marshall & Ilsley (a) 

 

10,000,000

 

10,000,000

Shelby County, TN, Health, Educational & Housing Facilities Board Revenue, Trezevant Manor Project, Series A, 2.24% *, 9/1/2039, LaSalle Bank NA (a) 

 

7,225,000

 

7,225,000

Tennessee, Redstone Partners Floaters/Residuals Trust, Series B, AMT, 144A, 2.34% *, 12/1/2047 

 

3,120,000

 

3,120,000

 

**39,591,000**

**Texas 15.9%**

 
ABN AMRO, Munitops Certificates Trust:

 
 

Series 2002-15, 144A, 2.25% *, 8/1/2010  

 

15,925,000 

 

15,925,000 

 

Series 2004-38, 144A, 2.27% *, 2/15/2011  

 

9,205,000 

 

9,205,000 

 

Series 2006-23, 144A, 2.27% *, 6/15/2014

 

14,825,000

 

14,825,000

 

Series 2006-59, 144A, 2.27% *, 8/1/2013  

 

10,000,000 

 

10,000,000 

 

Series 2007-01, 144A, 2.27% *, 2/15/2027  

 

15,650,000 

 

15,650,000 

Aldine, TX, Independent School District, Series 827, 144A, 2.25% *, 1/1/2012 

 

2,895,000

 

2,895,000

Austin, TX, Electric Utility Systems Revenue, Series R-1057, 144A, 3.78% *, 11/15/2021  

 

4,735,000

 

4,735,000

Austin, TX, Lehman Municipal Trust Receipts, Various States, Series K48W-D, 144A, 3.9% *, 8/1/2026 (b) 

 

11,505,000

 

11,505,000

Brownsville, TX, Utility System Revenue, 2.88%, 2/14/2008 

 

3,600,000

 

3,600,000

Clear Creek, TX, Independent School District, Series 04, 144A, 2.22% *, 2/15/2029 (b) 

 

4,495,000

 

4,495,000

Coppell, TX, Lehman Municipal Trust Receipts, Various States, Series 07-K12-D, 144A,   2.14% *, 8/15/2023 

 

8,800,000

 

8,800,000

Corpus Christi, TX, Utility System Revenue, Series PT-1816, 144A, 2.42% *, 7/15/2010 (b) 

 

6,110,000

 

6,110,000

Cypress-FairBanks, TX, Independent School District, Series PT-2512, 144A, 2.42% *, 2/15/2022 

 

6,740,000

 

6,740,000

Dallas, TX, Independent School District, Series 6038, 144A, 2.28% *, 8/15/2024 

 

6,095,000

 

6,095,000

El Paso, TX, Housing Finance Corp., Multi-Family Housing Revenue, Series G01, AMT,  2.29% *, 6/1/2041, Wachovia Bank NA (a) 

 

7,565,000

 

7,565,000

Galveston County, TX, Series R-11275WF, 3.77% *, 2/1/2028 (b) 

 

4,000,000

 

4,000,000

Harris County, TX, Puttable Floating Option Tax-Exempt Receipts, Series 4099, AMT,     2.31% *, 11/1/2039 

 

9,675,000

 

9,675,000

Harris County, TX, Series 1111, 144A, 2.25% *, 8/15/2009 (b) 

 

3,845,000

 

3,845,000

Harris County, TX, Tax Anticipation Notes:

 
 

4.0%, 2/29/2008  

 

40,000,000 

 

40,010,315 

 

4.5%, 2/29/2008  

 

49,000,000 

 

49,030,947 

Hidalgo County, TX, General Obligation, Series R-2148, 144A, 3.78% *, 8/15/2024 

 

7,290,000

 

7,290,000

Houston, TX, Combined Utility System, 3.47%, 2/13/2008 

 

8,000,000

 

8,000,000

Houston, TX, General Obligation:

 
 

Series R-1048, 144A, 2.53% *, 3/1/2018 (b)

 

10,110,000

 

10,110,000

 

Series R-11289, 144A, 2.54% *, 3/1/2037 (b) 

 

2,400,000 

 

2,400,000 

 

3.3%, 3/6/2008  

 

10,000,000 

 

10,000,000 

 

 

 

 

Houston, TX, Housing Finance Corp., Series 2110, AMT, 144A, 2.32% *, 12/1/2040 

 

7,395,000

 

7,395,000

Lubbock, TX, Independent School District, School Building, 2.2% *, 2/1/2030 

 

8,550,000

 

8,550,000

Northside, TX, Independent School District, Series 1301, 144A, 2.25% *, 12/15/2013 

 

4,590,000

 

4,590,000

Plano, TX, Independent School District, Series PT-2428, 144A, 2.42% *, 2/15/2024 

 

5,355,000

 

5,355,000

San Antonio, TX, Airport System Revenue, Series 2408, AMT, 144A, 2.3% *, 7/1/2015 (b) 

 

7,445,000

 

7,445,000

San Antonio, TX, Electric & Gas Revenue, Series PT-1700, 144A, 2.42% *, 2/1/2010 

 

6,445,000

 

6,445,000

San Antonio, TX, Housing Trust Finance Corp., Single Family Mortgage Revenue, Series R-10229, AMT, 144A, 2.36% *, 10/1/2039 

 

10,405,000

 

10,405,000

Socorro, TX, Independent School District, Series 2328T, 144A, 2.25% *, 8/15/2014 

 

4,000,000

 

4,000,000

Tarrant County, TX, Housing Finance Corp. Revenue, Series C10-D, 144A, 2.2% *, 12/15/2025 

 

12,200,000

 

12,200,000

Texas, A&M University Revenues, Series 944, 144A, 2.25% *, 5/15/2013 

 

1,775,000

 

1,775,000

Texas, Alliance Airport Authority, Inc., Special Facilities Revenue, Series 2088, AMT, 144A, 2.36% *, 4/1/2021 

 

10,000,000

 

10,000,000

Texas, Capital Area Housing Finance Corp., Cypress Creek at River Apartments, AMT,    2.21% *, 10/1/2039, Citibank NA (a) 

 

11,000,000

 

11,000,000

Texas, Hidalgo Willacy Housing Finance Corp., Multi-Family Housing Revenue, Series F18J-D, 144A, 2.2% *, 1/1/2039 

 

6,785,000

 

6,785,000

Texas, Lehman Municipal Trust Receipts, Various States:

 
 

Series K94W-D, 144A, 2.14% *, 2/15/2028  

 

9,995,000 

 

9,995,000 

 

Series 2007-P94W-D, AMT, 144A, 2.21% *, 3/1/2039  

 

7,650,000 

 

7,650,000 

Texas, Lower Colorado River Authority, Series A, 3.26%, 2/6/2008 

 

20,000,000

 

20,000,000

Texas, Macon Trust, Various States, Series 2007-307, AMT, 2.32% *, 4/1/2009 

 

23,995,000

 

23,995,000

Texas, North East Independent School District, "A", 144A, 2.27% *, 8/1/2037 

 

8,935,000

 

8,935,000

Texas, Redstone Partners Floaters/Residuals Trust, Series D, AMT, 144A, 2.34% *, 12/1/2047 

 

7,945,000

 

7,945,000

Texas, State Department of Housing & Community Affairs, Multi-Family Housing Revenue, Series 2108, AMT, 144A, 2.32% *, 6/20/2047 

 

5,060,000

 

5,060,000

Texas, State General Obligation, Series 2337, 144A, 2.25% *, 4/1/2015 

 

2,970,000

 

2,970,000

Texas, State Tax & Revenue Anticipation Notes, 4.5%, 8/28/2008 

 

96,000,000

 

96,423,076

Texas, State Transportation Commission Revenue, Series 2393, 144A, 2.25% *, 4/1/2015 

 

4,400,000

 

4,400,000

Texas, Upper Trinity Regional Water District, 2.55%, 6/18/2008 

 

15,550,000

 

15,550,000

Texas, Water Development Board Revenue, Series PT-2187, 144A, 2.27% *, 7/15/2021 

 

14,605,000

 

14,605,000

Texas Tech University Revenues, Series 1373, 144A, 2.6% *, 2/15/2014 (b) 

 

5,175,000

 

5,175,000

Travis County, TX, Health Facilities Development Corp., Retirement Facilities Revenue, Longhorn Village Project, Series B, 2.15% *, 7/1/2037, Bank of Scotland (a) 

 

13,800,000

 

13,800,000

Travis County, TX, Housing Finance Corp., Single Family Mortgage Revenue, Series P21U-D, AMT, 144A, 2.21% *, 6/1/2039 

 

2,975,000

 

2,975,000

University of Texas, Systems Revenue, 2.58%, 6/5/2008 

 

25,000,000

 

25,000,000

 

**632,929,338**

**Utah 1.0%**

 
Utah, Water Finance Agency Revenue:

 
 

Series A-17, 6.0% *, 12/1/2032 (b) 

 

10,000,000 

 

10,000,000 

 

Series A-12, 6.0% *, 10/1/2035 (b) 

 

10,000,000 

 

10,000,000 

Utah, Water Finance Agency Revenue, Tender Option:

 
 

Series A-18, 6.0% *, 3/1/2027 (b) 

 

10,000,000 

 

10,000,000 

 

Series A-21, 6.0% *, 10/1/2037 (b) 

 

9,400,000 

 

9,400,000 

 

**39,400,000**

**Vermont 0.5%**

 
Austin Trust, Various States, Series 2007-1004, 144A, AMT, 2.28% *, 5/1/2038 (b) 

 

7,340,000

 

7,340,000

Vermont, Housing Finance Agency, Series A, AMT, 2.45% *, 5/1/2037 (b) 

 

12,800,000

 

12,800,000

 

**20,140,000**

**Virginia 2.1%**

 
Alexandria, VA, Redevelopment & Multi-Family Housing Authority Revenue, Fairfield Village Square Project, Series A, AMT, 2.16% *, 1/15/2039 

 

4,000,000

 

4,000,000

Henrico County, VA, Economic Development Authority, Industrial Development Revenue, Colonial Mechanical Corp., AMT, 2.25% *, 8/1/2020, Wachovia Bank NA (a) 

 

3,600,000

 

3,600,000

 

 

 

 

Norfolk, VA, Redevelopment & Housing Authority Revenue, First Mortgage Retirement Community, Series B, 2.17% *, 1/1/2035, HSH Nordbank AG (a) 

 

16,300,000

 

16,300,000

Norfolk, VA, State General Obligations, AMT, 2.29% *, 8/1/2037 

 

12,000,000

 

12,000,000

RBC Municipal Products, Inc. Trust, Various States, Series C-8, AMT, 144A, 2.35% *, 9/1/2039, Royal Bank of Canada (a) 

 

25,665,000

 

25,665,000

RBC Municipal Products, Inc. Trust, Various States, Series C-2, AMT, 144A, 2.35% *, 1/1/2014, Royal Bank of Canada (a) 

 

9,715,000

 

9,715,000

Virginia, Commonwealth University Health System Authority Revenue, Series C, 2.0% *, 7/1/2037, Branch Banking & Trust (a) 

 

5,000,000

 

5,000,000

Virginia, Pocahontas Parkway Association, Toll Road Revenue, Prerefunded:

 
 

Series B, Zero Coupon, 8/15/2012  

 

2,100,000 

 

1,695,982 

 

Series B, Zero Coupon, 8/15/2014  

 

5,100,000 

 

3,673,740 

Winchester, VA, Industrial Development Authority, Residential Care Facility Revenue, Westminster-Cantenbury, Series B, 2.28% *, 1/1/2035, Branch Banking & Trust (a) 

 

3,000,000

 

3,000,000

 

**84,649,722**

**Washington 2.5%**

 
King County, WA, General Obligation, 5.0%, 6/1/2008 

 

8,000,000

 

8,063,739

King County, WA, Housing Authority Revenue, Summerfield Apartments Project, 2.52% *, 9/1/2035, US Bank NA (a) 

 

1,655,000

 

1,655,000

King County, WA, Public Hospital District No. 002, Series R-6036, 144A, 2.53% *, 12/1/2023 (b) 

 

1,260,000

 

1,260,000

Port Tacoma, WA, General Obligation, Series R-4036, 144A, 2.53% *, 12/1/2025 (b) 

 

5,805,000

 

5,805,000

RBC Municipal Products, Inc. Trust, Various States, Series C-7, AMT, 144A, 2.35% *, 12/1/2009, Royal Bank of Canada (a) 

 

10,000,000

 

10,000,000

Washington, Lehman Municipal Trust Receipts, Various States, Series K6W-D, 144A, 2.16% *, 1/1/2033 

 

9,700,000

 

9,700,000

Washington, Municipal Securities Trust Certificates, "A", Series 2006-250, 144A, 4.0% *, 8/14/2015 (b) 

 

7,535,000

 

7,535,000

Washington, Solar Eclipse Funding Trust, Series 2007-0094, 144A, 2.39% *, 10/1/2036, US Bank NA (a) (b) 

 

4,205,000

 

4,205,000

Washington, State Economic Development Finance Authority, Solid Waste Disposal Revenue, Specialty Chemical Products, AMT, 2.25% *, 12/1/2022, Bank of America NA (a) 

 

11,200,000

 

11,200,000

Washington, State General Obligation:

 
 

Series 1095, 144A, 2.4% *, 1/1/2028 (b) 

 

4,092,000 

 

4,092,000 

 

Series 1346, 144A, 2.6% *, 1/1/2013 (b) 

 

4,370,000 

 

4,370,000 

 

Series 2394, 144A, 2.6% *, 7/1/2013 (b) 

 

4,315,000 

 

4,315,000 

Washington, State Health Care Facilities Authority Revenue, Seattle Cancer Care, 2.28% *, 3/1/2035, KeyBank NA (a) 

 

3,885,000

 

3,885,000

Washington, State Housing Finance Commission, Series PA-1430, AMT, 144A, 2.31% *, 6/1/2037 

 

2,935,000

 

2,935,000

Washington, State Housing Finance Commission, Multi-Family Housing Revenue, Echo Lake Senior Apartment Project, AMT, 2.16% *, 7/15/2040 

 

8,985,000

 

8,985,000

Washington, State Housing Finance Commission, Multi-Family Housing Revenue, Lake City Senior Apartments Project, Series A, AMT, 2.31% *, 7/1/2039 

 

2,000,000

 

2,000,000

Washington, State Housing Finance Commission, Multi-Family Housing Revenue, Vintage Silverdale, Series A, AMT, 2.16% *, 9/15/2039 

 

4,000,000

 

4,000,000

Washington, State Housing Finance Commission, Multi-Family Revenue, Cedar Ridge Retirement, Series A, AMT, 2.72% *, 10/1/2041, Wells Fargo Bank NA (a) 

 

3,525,000

 

3,525,000

Washington, State Housing Finance Commission, Nonprofit Revenue, Eastside Catholic School, Series A, 2.24% *, 7/1/2038, KeyBank NA (a) 

 

4,000,000

 

4,000,000

 

**101,530,739**

**Wisconsin 1.2%**

 
Whitewater, WI, Industrial Development Revenue, MacLean Fogg Co. Project, AMT, 2.3% *, 12/1/2009, Bank of America NA (a) 

 

3,000,000

 

3,000,000

Wisconsin, Clipper Tax-Exempt Certificates Trust, 144A, 2.4% *, 9/1/2017 

 

6,755,000

 

6,755,000

Wisconsin, State Health & Educational Facilities Authority Revenue, Amery Regional Medical Center, Inc., Series A, 2.65% *, 5/1/2036, Fifth Third Bank (a) 

 

8,630,000

 

8,630,000

 

 

 

 

Wisconsin, State Health & Educational Facilities Authority Revenue, Franciscan Sisters, Series B, 2.05% *, 9/1/2033, Marshall & Ilsley (a) 

 

5,020,000

 

5,020,000

Wisconsin, State Health & Educational Facilities Authority Revenue, Marshfield Clinic, Series B, 2.16% *, 1/15/2036, Marshall & Ilsley (a) 

 

16,500,000

 

16,500,000

Wisconsin, State Health & Educational Facilities Authority Revenue, Mercy Alliance, Inc., 2.16% *, 6/1/2022, Marshall & Ilsley (a) 

 

10,000,000

 

10,000,000

 

**49,905,000**

**Multi-State 0.6%**

 
Branch Banking & Trust Municipal Trust, Various States:

 
 

Series 1003, 144A, 2.29% *, 4/1/2022, Branch Banking & Trust (a) 

 

16,820,000 

 

16,820,000 

 

Series 1005, 144A, 2.29% *, 6/1/2022, Branch Banking & Trust (a) 

 

8,985,000 

 

8,985,000 

 

**25,805,000**

**Total Municipal Bonds and Notes** (Cost $3,856,455,149)

 

**3,856,455,149**

 

**Government & Agency Obligation 1.9%**

 
**US Government Sponsored Agency**

 
Federal Home Loan Bank, 2.64% **, 4/30/2008 (Cost $74,510,500)

 

75,000,000

 

**74,510,500**

 

**% of****Net Assets**

 

**Value ($)**

**Total Investment Portfolio** (Cost $3,930,965,649) 

98.7

 

**3,930,965,649**

**Other Assets and Liabilities, Net**

1.3

 

**51,441,736**

**Net Assets**

100.0

 

**3,982,407,385**

*For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.*

***

*Variable rate demand notes are securities whose interest rates are reset periodically at market levels. These securities are often payable on demand and are shown at their current rates as of January 31, 2008.*

****

*Annualized yield at time of purchase; not a coupon rate.*

*(a)*

*Security incorporates a letter of credit from a major bank.*

*(b)*

*Bond is insured by one of these companies:*

 
***Insurance Companies*****

***As a % of Total***

***Investment Portfolio*****

 
 
*Ambac Financial Group, Inc.***

*4.5***

 
 
*Financial Security Assurance, Inc.***

*7.6***

 
 
*MBIA Corporation***

*4.5***

 
*144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.*

*AMT: Subject to alternative minimum tax.*

*CRVS: Custodial Residual and Variable Securities.*

*ETM: Bonds bearing the description ETM (escrow to maturity) are collateralized usually by US Treasury securities which are held in escrow and used to pay principal and interest on bonds so designated.*

*Prerefunded: Bonds which are prerefunded are collateralized usually by US Treasury securities which are held in escrow and used to pay principal and interest on tax-exempt issues and to retire the bonds in full at the earliest refunding date.*

 

**ITEM 2.**

**CONTROLS AND PROCEDURES**

 

 

 

(a)          The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.

 

 

 

 

 

 

 

(b)         There have been no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last half-year (the registrant’s second fiscal half-year in the case of the annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting.

 

 

**ITEM 3.**

**EXHIBITS**

 

 

 

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

 

**SIGNATURES**

 

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.

 

Registrant: 

Tax-Exempt Portfolio, a series of Cash Account Trust

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

March 17, 2008

 

 

Pursuant to the requirements of the Securities 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.

 

Registrant: 

Tax-Exempt Portfolio, a series of Cash Account Trust

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

March 17, 2008

 

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:                                        March 17, 2008

 

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