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)

 

345 Park Avenue

New York, NY  10154

(Address of principal executive offices)             (Zip code)

 

Paul Schubert

345 Park Avenue

New York, NY  10154-0004

(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: 1/31/09

 

ITEM 1.  SCHEDULE OF INVESTMENTS

 

| Investment Portfolio | **as of January 31, 2009  (Unaudited)** |
|----------------------|-----------------------------------------|

 

 

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

 

 

|   | **Principal****Amount ($)**     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | **Value ($)** |
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|        |
|   | **Municipal Investments 96.6%** |  
**Alabama 0.5%**

 
Alabama, Huntsville-Randolph School, Educational Building Authority Lease Revenue, Randolph School Project, 0.6% *, 2/1/2038, Compass Bank (a) 

 

10,000,000

 

10,000,000

Tuscaloosa County, AL, Industrial Development Gulf Opportunity Zone, Hunt Refining Project, Series C, 0.75% *, 12/1/2027, JPMorgan Chase Bank (a) 

 

10,000,000

 

10,000,000

 

**20,000,000**

**Alaska 1.1%**

 
Alaska, State Housing Finance Corp., Governmental Purpose, Series B, 0.8% *, 12/1/2030 

 

50,000,000

 

**50,000,000**

 

 

 

**Arizona 2.5%**

 
Apache County, AZ, Industrial Development Authority Revenue, Tucson Electric Power Co., Series 83C, 0.45% *, 12/15/2018, Bank of New York (a) 

 

2,650,000

 

2,650,000

Arizona, BB&T Municipal Trust, Series 2012, 144A, 0.45% *, 7/1/2027 

 

2,075,000

 

2,075,000

Arizona, Board of Regents, State University System Revenue, Series A, 0.35% *, 7/1/2034, Lloyds TSB Bank PLC (a) 

 

6,500,000

 

6,500,000

Arizona, Health Facilities Authority Revenue, Banner Health, Series B, 0.4% *, 1/1/2035, Scotiabank (a) 

 

12,300,000

 

12,300,000

Arizona, Health Facilities Authority Revenue, The Terraces, 0.45% *, 12/1/2037, Sovereign Bank FSB (a) 

 

10,000,000

 

10,000,000

Arizona, Salt River Pima-Maricopa Indian Community:

 
 

0.45% *, 10/1/2025, Bank of America NA (a) 

 

3,285,000 

 

3,285,000 

 

0.45% *, 10/1/2026, Bank of America NA (a) 

 

2,390,000 

 

2,390,000 

Arizona, Salt River Project, Series 2008-1095, 144A, 0.48% *, 1/1/2033 

 

4,500,000

 

4,500,000

Arizona, Salt River Project, Agricultural Improvement & Power District, Electric Systems Revenue, Series R-12039, 144A, 0.71% *, 1/1/2035 

 

3,000,000

 

3,000,000

Arizona, Senior Sports & Tourism Authority Revenue, Multi-Purpose Stadium, 0.6% *, 7/1/2036, Allied Irish Bank PLC (a) 

 

4,000,000

 

4,000,000

Maricopa County, AZ, RBC Municipal Products, Inc. Trust:

 
 

Series C-1, 144A, AMT, 0.68% *, 1/1/2016, Royal Bank of Canada (a) 

 

29,595,000 

 

29,595,000 

 

Series C-6, 144A, AMT, 0.68% *, 5/1/2016, Royal Bank of Canada (a) 

 

13,995,000 

 

13,995,000 

Pinal County, AZ, Electrical District No. 3, Electrical Systems Revenue, Series U-1, 144A, 0.58% *, 10/3/2011 

 

16,995,000

 

16,995,000

 

**111,285,000**

**California 1.2%**

 
California, BB&T Municipal Trust, Series 2014, 144A, 0.45% *, 3/15/2039 

 

2,255,000

 

2,255,000

California, Clipper Tax-Exempt Certificate Trust, Series 2007-38, 144A, 0.63% *, 4/1/2023 

 

25,000,000

 

25,000,000

California, Statewide Communities Development Authority, Multi-Family Housing Revenue:

 
 

Series 2680, 144A, 0.63% *, 5/15/2018, JPMorgan Chase Bank (a) 

 

13,000,000 

 

13,000,000 

 

Series 2681, 144A, AMT, 0.78% *, 5/15/2018, JPMorgan Chase Bank (a) 

 

10,000,000 

 

10,000,000 

 

**50,255,000**

**Colorado 3.3%**

 
Colorado, Centerra Metropolitan District 1 Revenue, Refunding and Improvement, 0.5% *, 12/1/2029, Compass Bank (a) 

 

15,000,000

 

15,000,000

Colorado, College Investment Revenue, Education Loan, Series I-A, AMT, 0.6% *, 12/1/2042, Lloyds TSB Bank PLC (a) 

 

30,000,000

 

30,000,000

Colorado, Educational & Cultural Facilities Authority Revenue, Bear Creek School Project, 0.45% *, 10/1/2032, US Bank NA (a) 

 

6,400,000

 

6,400,000

Colorado, Educational & Cultural Facilities Authority Revenue, Fremont Christian School Project, 0.45% *, 6/1/2038, US Bank NA (a) 

 

16,610,000

 

16,610,000

Colorado, Goldsmith Metropolitan District, 0.61% *, 12/1/2034, Compass Bank (a) 

 

5,300,000

 

5,300,000

Colorado, Health Facilities Authority Revenue, Bethesda Adult Communities, Series A,     0.45% *, 8/15/2034, LaSalle Bank NA (a) 

 

5,000,000

 

5,000,000

Colorado, Health Facilities Authority Revenue, Fraiser Meadows Community Project, 0.45% *, 6/1/2038, JPMorgan Chase Bank (a) 

 

9,000,000

 

9,000,000

Colorado, Housing & Finance Authority, Series AA3, 0.65% *, 5/1/2036 

 

7,670,000

 

7,670,000

Colorado, Lowry Economic Redevelopment Authority Revenue, Series A, 0.5% *, 12/1/2020, Compass Bank (a) 

 

6,965,000

 

6,965,000

Colorado, RBC Municipal Products, Inc. Trust, Series C-11, 144A, 0.58% *, 12/1/2031, Royal Bank of Canada (a) 

 

17,580,000

 

17,580,000

Colorado, Revenue Bond, Series 2007-319, 144A, 0.58% *, 6/7/2010, Bank of America NA (a) 

 

23,660,000

 

23,660,000

 

**143,185,000**

**Delaware 1.3%**

 
Delaware, BB&T Municipal Trust, Series 5000, 0.68% *, 10/1/2028, Rabobank International (a) 

 

18,804,794

 

18,804,794

Delaware, Eagle Tax Exempt Trust, 144A, AMT, 0.58% *, 4/15/2049 

 

24,750,000

 

24,750,000

Delaware, State Economic Development Authority Revenue, YMCA Delaware Project,     0.47% *, 5/1/2036, PNC Bank NA (a) 

 

6,490,000

 

6,490,000

 

 

 

Sussex County, DE, First Mortgage Revenue, Cadbury Lewes, Series C, 0.65% *, 1/1/2016, Citizens Bank of PA (a) 

 

6,515,000

 

6,515,000

 

**56,559,794**

**District of Columbia 0.8%**

 
District of Columbia, Center for Internships & Academic Revenue, 0.5% *, 7/1/2036, Branch Banking & Trust (a) 

 

3,400,000

 

3,400,000

District of Columbia, Family & Child Services Revenue, 0.45% *, 7/1/2041, Bank of America NA (a) 

 

4,150,000

 

4,150,000

District of Columbia, Housing Finance Agency, Multi-Family Housing Revenue, Series R-433, 144A, AMT, 0.58% *, 6/1/2038 

 

7,780,000

 

7,780,000

District of Columbia, John F. Kennedy Center Revenue, 0.45% *, 10/1/2029, Bank of America NA (a) 

 

15,310,000

 

15,310,000

District of Columbia, Maret School, Inc. Revenue, 0.54% *, 10/1/2033, SunTrust Bank (a) 

 

2,865,000

 

2,865,000

 

**33,505,000**

**Florida 6.2%**

 
Florida, BB&T Municipal Trust:

 
 

Series 1010, 144A, 0.53% *, 1/15/2019, Branch Banking & Trust (a) 

 

7,290,000 

 

7,290,000 

 

Series 1029, 0.53% *, 7/1/2024, Branch Banking & Trust (a) 

 

11,160,000 

 

11,160,000 

 

Series 1031, 0.53% *, 8/1/2024, Branch Banking & Trust (a) 

 

11,000,000 

 

11,000,000 

 

Series 1012, 144A, 0.53% *, 11/1/2024, Branch Banking & Trust (a) 

 

9,900,000 

 

9,900,000 

Florida, Capital Trust Agency Housing Revenue, Atlantic Housing Foundation, Series A,    0.6% *, 7/15/2024 

 

19,000,000

 

19,000,000

Florida, Development Finance Corp., Enterprise Board Program, Out of Door Academy,     0.5% *, 7/1/2038, Northern Trust Co. (a) 

 

11,500,000

 

11,500,000

Florida, Housing Finance Corp., Multi-Family Revenue, Victoria Park, Series J-1, 0.48% *, 10/15/2032 

 

7,720,000

 

7,720,000

Florida, RBC Municipal Products, Inc. Trust, Series E-4, 144A, AMT, 0.68% *, 6/1/2010, Royal Bank of Canada (a) 

 

9,995,000

 

9,995,000

Florida, Revenue Bonds, Series 10003, 144A, 0.78% *, 12/1/2031, Bank of America NA (a) 

 

3,975,000

 

3,975,000

Hernando County, FL, Industrial Development Revenue, Goodwill Industries-Suncoast, Inc., 0.54% *, 12/1/2030, SunTrust Bank (a) 

 

7,500,000

 

7,500,000

Highlands County, FL, Health Facilities Authority Revenue:

 
 

Series C, 0.45% *, 11/15/2037, SunTrust Bank (a) 

 

9,580,000 

 

9,580,000 

 

Series B-3, 0.54% *, 11/15/2031, SunTrust Bank (a) 

 

5,000,000 

 

5,000,000 

 

Series A, 0.54% *, 11/15/2034, SunTrust Bank (a) 

 

5,000,000 

 

5,000,000 

Hillsborough County, FL, Housing Finance Authority, Multi-Family Revenue, Hunt Club Apartments, 0.85% *, 8/15/2041, SunTrust Bank (a) 

 

8,000,000

 

8,000,000

Hillsborough County, FL, Industrial Development Authority, Health Care Facility Revenue, Lifelink Foundation, Inc. Project, 0.54% *, 2/1/2035, SunTrust Bank (a) 

 

6,500,000

 

6,500,000

Jacksonville, FL, Health Facilities Authority Hospital Revenue, Series E, 0.47% *, 8/15/2027, Branch Banking & Trust (a) 

 

11,775,000

 

11,775,000

Jacksonville, FL, Transportation Revenue, Series B, 1.0% *, 10/1/2027 

 

13,500,000

 

13,500,000

Lee County, FL, Industrial Development Authority, Health Care Facilities Revenue, Hope Hospice Project, 0.5% *, 10/1/2027, Northern Trust Co. (a) 

 

15,000,000

 

15,000,000

Orange County, FL, Health Facilities Authority Revenue, Orlando Regional Healthcare:

 
 

Series E, 0.54% *, 10/1/2026, SunTrust Bank (a) 

 

5,500,000 

 

5,500,000 

 

Series F, 0.65% *, 10/1/2026, SunTrust Bank (a) 

 

5,800,000 

 

5,800,000 

 

Series G, 1.0% *, 10/1/2026, SunTrust Bank (a) 

 

5,500,000 

 

5,500,000 

Orange County, FL, Housing Finance Authority, Multi-Family Revenue, Series 1179, 144A, AMT, 0.68% *, 10/1/2031 

 

7,390,000

 

7,390,000

Orange County, FL, Housing Finance Authority, Multi-Family Revenue, Laurel Oaks Apartments, Phase I, AMT, 0.85% *, 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, 0.85% *, 8/15/2042, SunTrust Bank (a) 

 

8,660,000

 

8,660,000

Orlando & Orange County, FL, Expressway Authority Revenue, Series B-2, 0.49% *, 7/1/2040, SunTrust Bank (a) 

 

19,000,000

 

19,000,000

Osceola County, FL, Housing Finance Authority, Multi-Family Revenue, Arrow Ridge Apartments, Series A, AMT, 0.8% *, 10/1/2032 

 

4,200,000

 

4,200,000

 

 

 

Palm Beach County, FL, Community Foundation, Palm Beach Project Revenue, 0.56% *, 3/1/2034, Northern Trust Co. (a) 

 

4,750,000

 

4,750,000

Sarasota County, FL, Health Care Facilities Authority Revenue, Bay Village Project, 0.47% *, 12/1/2023, Bank of America NA (a) 

 

4,520,000

 

4,520,000

Seminole County, FL, Industrial Development Authority Revenue, Masters Academy Project, 0.55% *, 11/1/2034, Allied Irish Bank PLC (a) 

 

8,470,000

 

8,470,000

Volusia County, FL, Housing Finance Authority, Multi-Family Housing Revenue, Cape Morris Cove Apartments, Series A, AMT, 0.6% *, 10/15/2042, JPMorgan Chase Bank (a) 

 

11,700,000

 

11,700,000

 

**269,665,000**

**Georgia 4.6%**

 
Atlanta, GA, Development Authority Revenue, Botanical Garden Improvements Project,    0.54% *, 11/1/2029, SunTrust Bank (a) 

 

9,500,000

 

9,500,000

Atlanta, GA, Revenue Bond, Series 2008-3046X, 144A, 1.03% *, 7/1/2037 (b) 

 

6,665,000

 

6,665,000

Cobb County, GA, Kennestone Hospital Authority Revenue, Series A, 0.68% *, 4/1/2040, SunTrust Bank (a) 

 

20,000,000

 

20,000,000

Fayette County, GA, Hospital Authority Revenue, Anticipation Certificates, Community Hospital Project, 0.54% *, 6/1/2035, SunTrust Bank (a) 

 

14,000,000

 

14,000,000

Floyd County, GA, Development Authority Revenue, Berry College, 0.54% *, 6/1/2038, SunTrust Bank (a) 

 

11,000,000

 

11,000,000

Fulton County, GA, Development Authority Revenue, Doris & Alex Weber School Project, 0.5% *, 12/1/2030, Branch Banking & Trust (a) 

 

5,000,000

 

5,000,000

Fulton County, GA, Development Authority Revenue, Georgia Tech Facilities Project:

 
 

Series A, 0.4% *, 5/1/2037, SunTrust Bank (a) 

 

3,500,000 

 

3,500,000 

 

Series B, 0.47% *, 6/1/2032, SunTrust Bank (a) 

 

3,400,000 

 

3,400,000 

Fulton County, GA, Development Authority Revenue, Kings Ridge Christian School, 0.5% *, 5/1/2026, Branch Banking & Trust (a) 

 

2,500,000

 

2,500,000

Fulton County, GA, Development Authority Revenue, Mount Vernon Presbyterian School, 0.5% *, 8/1/2035, Branch Banking & Trust (a) 

 

2,700,000

 

2,700,000

Fulton County, GA, Development Authority Revenue, Piedmont Healthcare, Inc. Project,    0.54% *, 6/1/2037, SunTrust Bank (a) 

 

9,000,000

 

9,000,000

Fulton County, GA, Development Authority Revenue, Shepherd Center, Inc. Project, 0.54% *, 9/1/2035, SunTrust Bank (a) 

 

5,000,000

 

5,000,000

Fulton County, GA, Development Authority Revenue, The Lovett School Project, 0.54% *, 4/1/2033, SunTrust Bank (a) 

 

8,000,000

 

8,000,000

Fulton County, GA, Development Authority Revenue, Woodward Academy, Inc. Project, 0.54% *, 12/1/2033, SunTrust Bank (a) 

 

5,000,000

 

5,000,000

Georgia, Private Colleges & Universities Authority Revenue, Mercer University Project:

 
 

Series C, 0.58% *, 10/1/2031, Branch Banking & Trust (a) 

 

8,750,000 

 

8,750,000 

 

Series A, 0.58% *, 10/1/2036, Branch Banking & Trust (a) 

 

11,040,000 

 

11,040,000 

Georgia, RBC Municipal Products, Inc. Trust:

 
 

Series C-3, 144A, AMT, 0.68% *, 3/1/2016, Royal Bank of Canada (a) 

 

10,000,000 

 

10,000,000 

 

Series C-9, AMT, 0.68% *, 8/1/2016, Royal Bank of Canada (a) 

 

30,495,000 

 

30,495,000 

Georgia, Solar Eclipse Funding Trust, Series 2007-0072, 144A, 0.51% *, 6/1/2032, US Bank NA (a) 

 

11,630,000

 

11,630,000

Richmond County, GA, Hospital Authority Revenue, Anticipation Certificates, University Health Services, Inc. Project, 0.54% *, 1/1/2036, SunTrust Bank (a) 

 

10,000,000

 

10,000,000

Walker, Dade, & Catoosa Counties, GA, Hospital Authority Revenue, Anticipation Certificates, Hutcheson Medical Center, 0.68% *, 10/1/2028, Regions Bank (a) 

 

11,800,000

 

11,800,000

 

**198,980,000**

**Hawaii 0.5%**

 
Hawaii, State Department of Budget & Finance, Special Purpose Revenue, Series 2006-4G, 144A, 1.03% *, 7/1/2030 

 

15,995,000

 

15,995,000

Hawaii, State General Obligation, Series 2008-0002, "A", 144A, 0.7% *, 5/1/2028 

 

4,950,000

 

4,950,000

 

**20,945,000**

**Idaho 1.7%**

 
Idaho, Housing & Finance Association, Single Family Mortgage:

 
 

Series B, AMT, 1.4% *, 7/1/2032 

 

5,460,000 

 

5,460,000 

 

"I", Series A, AMT, 1.4% *, 7/1/2033 

 

6,280,000 

 

6,280,000 

 

 

 

 

"I", Series B, AMT, 1.4% *, 7/1/2033 

 

6,160,000 

 

6,160,000 

Idaho, Non-Profit Housing & Finance Association Facilities Revenue, College of Idaho Project, 0.45% *, 7/1/2030, US Bank NA (a) 

 

5,000,000

 

5,000,000

Idaho, State General Obligation, Tax Anticipation Notes, 3.0%, 6/30/2009 

 

52,500,000

 

52,769,489

 

**75,669,489**

**Illinois 7.1%**

 
Channahon, IL, Morris Hospital Revenue:

 
 

Series B, 0.45% *, 12/1/2032, US Bank NA (a) 

 

4,285,000 

 

4,285,000 

 

Series C, 0.45% *, 12/1/2032, US Bank NA (a) 

 

5,470,000 

 

5,470,000 

Chicago, IL, General Obligation:

 
 

Series R-10267, 144A, 0.53% *, 1/1/2042 

 

7,520,000 

 

7,520,000 

 

Series 2873, 144A, 0.95% *, 1/1/2033 

 

5,500,000 

 

5,500,000 

Chicago, IL, Metropolitan Water Reclamation District, Greater Chicago:

 
 

Series 2007, 144A, 0.45% *, 12/1/2033

 

3,810,000

 

3,810,000

 

Series R-11283, 144A, 0.5% *, 12/1/2021 

 

2,390,000 

 

2,390,000 

 

Series 2008-052, 144A, 4.0% *, 12/1/2035 

 

17,395,000 

 

17,395,000 

Cook County, IL, Catholic Theological Union Project Revenue, 0.56% *, 2/1/2035, Harris Trust & Savings Bank (a) 

 

6,000,000

 

6,000,000

Cook County, IL, Sales Tax Anticipation Notes, 3.0%, 8/3/2009 

 

17,500,000

 

17,622,247

Illinois, BB&T Municipal Trust, Series 5001, 0.68% *, 6/1/2020, Rabobank International (a) 

 

20,160,000

 

20,160,000

Illinois, Development Finance Authority Revenue, Shelby Memorial Hospital Association, Inc., Series B-1, 0.67% *, 10/1/2029, Comerica Bank (a) 

 

4,300,000

 

4,300,000

Illinois, Development Finance Authority, Industrial Development Revenue, Home Run Inn Frozen Foods, AMT, 1.65% *, 4/1/2020, Bank One NA (a) 

 

1,880,000

 

1,880,000

Illinois, Development Finance Authority, Industrial Development Revenue, Katlaw, Tretam & Co. Project, AMT, 0.7% *, 8/1/2027, LaSalle Bank NA (a) 

 

3,180,000

 

3,180,000

Illinois, Development Finance Authority, Industrial Project Revenue, Grecian Delight Foods Project, AMT, 0.7% *, 8/1/2019, LaSalle Bank NA (a) 

 

3,500,000

 

3,500,000

Illinois, Educational Facilities Authority Revenues, University of Chicago:

 
 

Series B-1, 1.85% *, 7/1/2036 

 

8,100,000 

 

8,100,000 

 

Series B-2, 1.85% *, 7/1/2036 

 

8,600,000 

 

8,600,000 

Illinois, Educational Facility Authority Revenue, Series N, 0.8%, 3/18/2009 

 

30,000,000

 

30,000,000

Illinois, Finance Authority Pollution Control Revenue, Commonwealth Edison Co., Series D, 0.47% *, 3/1/2020, SunTrust Bank (a) 

 

10,000,000

 

10,000,000

Illinois, Finance Authority Revenue, "A", 144A, 0.51% *, 12/1/2042 

 

8,565,000 

 

8,565,000 

Illinois, Finance Authority Revenue, Clare Oaks:

 
 

Series C, 0.45% *, 11/1/2040, Sovereign Bank FSB (a) 

 

5,000,000 

 

5,000,000 

 

Series D, 0.45% *, 11/1/2040, Sovereign Bank FSB (a) 

 

9,600,000 

 

9,600,000 

Illinois, Finance Authority Revenue, Northwest Community Hospital, Series C, 0.28% *, 7/1/2032, Wells Fargo Bank NA (a) 

 

5,800,000

 

5,800,000

Illinois, Finance Authority Revenue, Swedish Covenant Hospital, Series B, 0.45% *, 8/15/2038, Allied Irish Bank PLC (a) 

 

7,500,000

 

7,500,000

Illinois, Finance Authority, Student Housing Revenue, Dekalb LLC Project, Series A, 0.55% *, 7/1/2038, Sovereign Bank FSB (a) 

 

4,500,000

 

4,500,000

Illinois, RBC Municipal Products, Inc. Trust, Finance Authority Revenue, Series E-10, 144A, 0.58% *, 3/1/2011, Royal Bank of Canada (a) 

 

10,000,000

 

10,000,000

Illinois, Regional Transit Improvements, Series 2008-3043X, 144A, 1.53% *, 7/1/2026 

 

6,665,000

 

6,665,000

Illinois, Sales Tax Revenue, Series R-4516, 144A, 0.7% *, 6/15/2023 

 

3,320,000

 

3,320,000

Illinois, State General Obligation, Series R-11295, 144A, 0.5% *, 1/1/2027 

 

2,990,000

 

2,990,000

Illinois, State Toll Highway Authority Revenue, Series A-1, 2.0% *, 7/1/2030 

 

25,000,000

 

25,000,000

Illinois, University of Illinois Revenue, "A", 144A, 0.69% *, 4/1/2035 

 

14,300,000

 

14,300,000

Justice, IL, Multi-Family Housing Revenue, Candlewood Apartments Project, AMT, 0.62% *, 1/15/2033 

 

10,700,000

 

10,700,000

Mundelein, IL, Industrial Development Revenue, MacLean Fogg Co. Project, AMT, 0.8% *, 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, 0.7% *, 7/1/2020, LaSalle Bank NA (a) 

 

1,960,000

 

1,960,000

 

 

 

Woodstock, IL, Multi-Family Housing Revenue, Willow Brooke Apartments, AMT, 0.59% *, 4/1/2042, Wells Fargo Bank NA (a) 

 

28,000,000

 

28,000,000

 

**310,112,247**

**Indiana 1.4%**

 
Indiana, Finance Authority Hospital Revenue, Community Foundation of Northwest Indiana, 0.45% *, 8/1/2029, Harris NA (a) 

 

6,970,000

 

6,970,000

Indiana, Health & Educational Facility, Financing Authority Revenue, Clarian Health:

 
 

Series C, 0.4% *, 2/15/2030, Branch Banking & Trust (a) 

 

8,950,000 

 

8,950,000 

 

Series D, 0.43% *, 2/15/2030, Branch Banking & Trust (a) 

 

8,930,000 

 

8,930,000 

Indiana, Health & Educational Facility, Financing Authority Revenue, Greenwood Village South Project, Series A, 0.45% *, 5/1/2036, Sovereign Bank FSB (a) 

 

12,625,000

 

12,625,000

Indiana, Health Facility Financing Authority Revenue, Clark Memorial Hospital, Series A,  0.5% *, 4/1/2024, Bank One NA (a) 

 

2,000,000

 

2,000,000

Indiana, State Development Finance Authority, Industrial Development Revenue, Red Gold, Inc. Project, Series A, 1.0% *, 6/30/2009, Harris Trust and Savings Bank (a) 

 

3,700,000

 

3,700,000

Indiana, State Development Finance Authority, Industrial Development Revenue, Enterprise Center V Project, AMT, 0.7% *, 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, 0.7% *, 6/1/2022, LaSalle Bank NA (a) 

 

4,900,000

 

4,900,000

Terre Haute, IN, Westminster Village Revenue, Series A, 0.45% *, 8/1/2036, Sovereign Bank FSB (a) 

 

9,245,000

 

9,245,000

 

**62,320,000**

**Iowa 0.7%**

 
Iowa, Finance Authority, Multi-Family Revenue, Housing Windsor on River, Series A, AMT, 0.6% *, 5/1/2042, Wells Fargo Bank NA (a) 

 

17,000,000

 

17,000,000

Iowa, State School Cash Anticipation Program, School Corporations, Series B, 3.0%, 1/21/2010, US Bank NA (a) 

 

14,000,000

 

14,296,274

 

**31,296,274**

**Kansas 0.7%**

 
Kansas, State Development Finance Authority, Multi-Family Revenue, Oak Ridge Park II Project, Series X, AMT, 0.66% *, 12/1/2036, Marshall & Ilsley (a) 

 

3,650,000

 

3,650,000

Leawood, KS, General Obligation, Series 1, 3.0%, 10/1/2009 

 

15,800,000

 

15,931,319

Lenexa, KS, Series 2007-302, 144A, 0.58% *, 2/1/2012 

 

12,495,000

 

12,495,000

 

**32,076,319**

**Kentucky 1.5%**

 
Kentucky, Asset/Liability Commission, General Fund Revenue, Tax & Revenue Anticipation Notes, Series A, 3.0%, 6/25/2009 

 

53,000,000

 

53,250,644

Kentucky, Housing Corp. Revenue, Series F, AMT, 0.7% *, 7/1/2029 

 

9,050,000

 

9,050,000

Mason County, KY, Pollution Control Revenue, East Kentucky Power Corp., Inc., Series B-2, 1.15% *, 10/15/2014 

 

4,600,000

 

4,600,000

 

**66,900,644**

**Louisiana 0.7%**

 
Louisiana, BB&T Municipal Trust, Series 4003, 144A, 0.64% *, 1/1/2032, Branch Banking & Trust (a) 

 

16,620,000

 

16,620,000

Louisiana, Local Government Environmental Facilities & Community Development Authority Revenue, Downreit, Inc., Series B, 0.45% *, 10/1/2037, ABN AMRO Bank NV (a) 

 

10,635,000

 

10,635,000

Louisiana, St. Tammany Parish Development District Revenue, 0.54% *, 7/1/2038, SunTrust Bank (a) 

 

5,000,000

 

5,000,000

 

**32,255,000**

**Maine 0.2%**

 
Maine, State Housing Authority Mortgage Purchase:

 
 

Series B, AMT, 0.8% *, 11/15/2041 

 

5,000,000 

 

5,000,000 

 

Series G, AMT, 1.05% *, 11/15/2037 

 

5,000,000 

 

5,000,000 

 

**10,000,000**

 

 

 

**Maryland 1.0%**

 
Baltimore, MD, Municipal Securities Trust Receipts, SGA 152, "A", 144A, 0.85% *, 7/1/2020, Societe Generale (a) 

 

10,000,000

 

10,000,000

Chestertown, MD, Economic Development Project Revenue, Washington College, Series A, 0.7% *, 3/1/2038, RBS Citizens NA (a) 

 

7,000,000

 

7,000,000

Maryland, BB&T Municipal Trust, University & College Improvements, Series 46, 144A, 0.45% *, 7/1/2016 

 

3,850,000

 

3,850,000

Maryland, State Economic Development Corp. Revenue, YMCA Central Maryland Project, 0.5% *, 4/1/2031, Branch Banking & Trust (a) 

 

3,850,000

 

3,850,000

Maryland, State Health & Higher Educational Facilities Authority Revenue, Sheppard Pratt, Series B, 0.54% *, 7/1/2028, SunTrust Bank (a) 

 

6,895,000

 

6,895,000

Maryland, State Health & Higher Educational Facilities Authority Revenue, Upper Chesapeake Hospital, Series B, 0.42% *, 1/1/2043, Branch Banking & Trust (a) 

 

11,955,000

 

11,955,000

 

**43,550,000**

**Massachusetts 5.5%**

 
Commonwealth of Massachusetts, Series M, 0.8%, 3/19/2009 

 

11,250,000

 

11,250,000

Massachusetts, Bay Transportation Authority, General Transportation Systems, 0.75% *, 3/1/2030 

 

40,000,000

 

40,000,000

Massachusetts, Macon Trust:

 
 

Series 2007-310, 144A, 0.58% *, 6/15/2012, Bank of America NA (a) 

 

4,150,000 

 

4,150,000 

 

Series 2007-343, 144A, 0.58% *, 12/1/2012, Bank of America NA (a) 

 

27,388,000 

 

27,388,000 

Massachusetts, State Bond Anticipation Notes, Series A, 3.0%, 3/5/2009 

 

80,000,000

 

80,155,241

Massachusetts, State Development Finance Agency Revenue, Charles River School, 0.53% *, 5/1/2037, Citizens Bank of MA (a) 

 

5,000,000

 

5,000,000

Massachusetts, State Development Finance Agency Revenue, Dean College, 0.68% *, 10/1/2038, RBS Citizens NA (a) 

 

10,000,000

 

10,000,000

Massachusetts, State Development Finance Agency Revenue, Northfield Mount Hermon,  0.52% *, 10/1/2042, JP Morgan Chase Bank (a) 

 

5,000,000

 

5,000,000

Massachusetts, State Development Finance Agency Revenue, Tabor Academy, Series A,   0.68% *, 12/1/2036, Citizens Bank of MA (a) 

 

7,530,000

 

7,530,000

Massachusetts, State Development Finance Agency Revenue, The Fay School, Inc., 0.53% *, 4/1/2038, TD Bank NA (a) 

 

5,400,000

 

5,400,000

Massachusetts, State Development Finance Agency Revenue, Wentworth Institute, 0.68% *, 10/1/2030, RBS Citizens NA (a) 

 

9,710,000

 

9,710,000

Massachusetts, State Development Finance Agency Revenue, YMCA of Greater Worcester, 0.58% *, 9/1/2041, TD Bank NA (a) 

 

5,265,000

 

5,265,000

Massachusetts, State Health & Educational Facilities Authority Revenue, Northeastern University, Series W, 0.2% *, 10/1/2028, TD Bank NA (a) 

 

6,550,000

 

6,550,000

Massachusetts, State Health & Educational Facilities Authority Revenue, Suffolk University, Series A, 0.58% *, 7/1/2043, TD Bank NA (a) 

 

14,000,000

 

14,000,000

Massachusetts, State Industrial Finance Agency Revenue, Groton School Issue, Series B,  0.58% *, 3/1/2028 

 

8,710,000

 

8,710,000

 

**240,108,241**

**Michigan 2.4%**

 
Eastern Michigan University Revenues, 4.0% *, 6/1/2036, Dexia Credit Local (a) 

 

13,000,000

 

13,000,000

Forest Hills, MI, Public Schools, Series 1791, 144A, 0.46% *, 5/1/2009 

 

7,805,000

 

7,805,000

Michigan, Kent Hospital Finance Authority Revenue, Spectrum Health System, Series C,    0.4% *, 1/15/2026, Bank of New York (a) 

 

15,000,000

 

15,000,000

Michigan, RBC Municipal Products, Inc. Trust, Series L-25, 144A, AMT, 0.67% *, 9/1/2033, Royal Bank of Canada (a) 

 

66,745,000

 

66,745,000

 

**102,550,000**

**Minnesota 0.8%**

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

 
 

AMT, 0.62% *, 11/1/2017, US Bank NA (a) 

 

3,375,000 

 

3,375,000 

 

AMT, 0.62% *, 11/1/2027, US Bank NA (a) 

 

5,000,000 

 

5,000,000 

 

 

 

Minneapolis & St. Paul, MN, Housing & Redevelopment Authority, Allina Health Care System Revenue, Series C-2, 0.42% *, 11/15/2034, Wells Fargo Bank NA (a) 

 

9,950,000

 

9,950,000

Minnesota, School Districts Tax & Aid Anticipation Borrowing Program Certificates, 3.0%, 9/4/2009 

 

12,000,000

 

12,093,942

University of Minnesota, Series A, 0.2% *, 1/1/2034 

 

5,165,000

 

5,165,000

 

**35,583,942**

**Mississippi 0.2%**

 
Mississippi, Redstone Partners Floaters/Residuals Trust, Series C, 144A, AMT, 0.96% *, 12/1/2047, Wells Fargo Bank NA (a) 

 

9,375,000

 

**9,375,000**

**Missouri 0.5%**

 
Missouri, State Health & Educational Facilities Authority Revenue, Lutheran Senior Services Project, 0.45% *, 2/1/2039, US Bank NA (a) 

 

9,000,000

 

9,000,000

Missouri, State Health & Educational Facilities Authority Revenue, Rockhurst High School, 0.95% *, 9/1/2027, Allied Irish Bank PLC (a) 

 

4,595,000

 

4,595,000

Platte County, MO, Industrial Development Authority Revenue, Complete Home Concepts, Series A, AMT, 0.61% *, 1/1/2039, Columbian Bank (a) 

 

6,800,000

 

6,800,000

Springfield, MO, Industrial Development Authority Revenue, Abec, Inc. Project, AMT,    0.69% *, 6/1/2028, US Bank NA (a) 

 

3,200,000

 

3,200,000

 

**23,595,000**

**Nebraska 0.3%**

 
Nebraska, Investment Finance Authority, Single Family Housing Revenue:

 
 

Series B, AMT, 0.65% *, 9/1/2034 

 

4,290,000 

 

4,290,000 

 

Series D, AMT, 0.65% *, 9/1/2034 

 

3,740,000 

 

3,740,000 

 

Series E, AMT, 0.65% *, 9/1/2034 

 

3,905,000 

 

3,905,000 

Omaha, NE, Public Power District Electric Revenue, Series R-11291, 144A, 0.5% *, 2/1/2034 

 

2,490,000

 

2,490,000

 

**14,425,000**

**Nevada 1.1%**

 
Clark County, NV, Airport Revenue, Series D-3, 0.55% *, 7/1/2029, Bayerische Landesbank (a) 

 

14,350,000

 

14,350,000

Clark County, NV, School District, Series B, 5.0%, 6/15/2009 

 

7,000,000

 

7,081,133

Nevada, Housing Division Single Family Mortgage Revenue:

 
 

Series B, AMT, 0.65% *, 4/1/2042 

 

8,000,000 

 

8,000,000 

 

Series A, AMT, 0.7% *, 10/1/2039 

 

14,700,000 

 

14,700,000 

Nevada, Housing Division, Multi-Unit Housing, Apache Project, Series A, AMT, 0.6% *, 10/15/2032 

 

4,400,000

 

4,400,000

 

**48,531,133**

**New Hampshire 1.2%**

 
New Hampshire, Health & Education Facilities Authority Revenue, Currier Museum of Art, 0.53% *, 8/1/2036, Citizens Bank of NH (a) 

 

10,000,000

 

10,000,000

New Hampshire, Health & Education Facilities Authority Revenue, Havenwood Heritage Heights, Series B, 0.48% *, 1/1/2030, Citizens Bank of NH (a) 

 

9,790,000

 

9,790,000

New Hampshire, Health & Education Facilities Authority Revenue, Kendal at Hanover, Series B, 0.7% *, 10/1/2030, RBS Citizens NA (a) 

 

13,330,000

 

13,330,000

New Hampshire, Health & Education Facilities Authority Revenue, RiverWoods at Exeter, 0.45% *, 3/1/2038, Bank of America NA (a) 

 

14,000,000

 

14,000,000

New Hampshire, Higher Educational & Health Facilities Authority Revenue, Greater Manchester YMCA, 0.7% *, 10/1/2028, RBS Citizens NA (a) 

 

3,800,000

 

3,800,000

 

**50,920,000**

**New Jersey 1.2%**

 
New Jersey, Economic Development Authority, Industrial Development Revenue, CST-Products LLC Project, AMT, 0.65% *, 4/1/2026, National Bank of Canada (a) 

 

2,960,000

 

2,960,000

New Jersey, State Tax & Revenue Anticipation Notes, Series A, 3.0%, 6/25/2009 

 

50,000,000

 

50,273,450

 

**53,233,450**

**New Mexico 0.7%**

 
Bernalillo County, NM, Gross Receipts Tax Revenue, Series 2004-B, 144A, 1.53% *, 4/1/2027 

 

10,320,000

 

10,320,000

 

 

 

University of New Mexico Revenues, 1.25% *, 6/1/2026 

 

19,480,000

 

19,480,000

 

**29,800,000**

**New York 0.6%**

 
New York, State Dormitory Authority Revenues, State Supported Debt, City University, Series D, 0.43% *, 7/1/2031, TD Bank NA (a) 

 

7,000,000

 

7,000,000

New York, State Housing Finance Agency Revenue, 100 Maiden Lane, Series A, 0.6% *, 5/15/2037 

 

11,950,000

 

11,950,000

New York, State Urban Development Corp. Revenue, Series 2008-054, 144A, 4.0% *, 3/15/2024, Dexia Credit Local (a)

 

9,000,000

 

9,000,000

 

**27,950,000**

**North Carolina 4.8%**

 
Cleveland County, NC, Industrial Facilities & Pollution Control Financing Authority, Curtiss-Wright Flight Systems, AMT, 0.7% *, 11/1/2023, Bank of America NA (a) 

 

4,150,000

 

4,150,000

North Carolina, BB&T Municipal Trust:

 
 

Series 1008, 144A, 0.53% *, 3/1/2024, Branch Banking & Trust (a) 

 

6,395,000 

 

6,395,000 

 

Series 1009, 144A, 0.53% *, 3/1/2024, Branch Banking & Trust (a) 

 

18,435,000 

 

18,435,000 

 

Series 1011, 144A, 0.53% *, 4/1/2024, Branch Banking & Trust (a) 

 

8,750,000 

 

8,750,000 

 

Series 1024, 144A, 0.53% *, 5/31/2024, Branch Banking & Trust (a) 

 

5,370,000 

 

5,370,000 

 

Series 1025, 144A, 0.53% *, 6/1/2024, Branch Banking & Trust (a) 

 

11,800,000 

 

11,800,000 

 

Series 1027, 144A, 0.53% *, 3/1/2016, Branch Banking & Trust (a) 

 

11,085,000 

 

11,085,000 

 

Series 1032, 0.53% *, 1/7/2024, Branch Banking & Trust (a) 

 

12,995,000 

 

12,995,000 

North Carolina, Capital Educational Facilities Finance Agency Revenue, High Point University Project:

 
 

0.5% *, 12/1/2028, Branch Banking & Trust (a) 

 

6,000,000 

 

6,000,000 

 

0.5% *, 5/1/2030, Branch Banking & Trust (a) 

 

4,500,000 

 

4,500,000 

North Carolina, Capital Facilities Finance Agency, Educational Facilities Revenue, Salem Academy & College Project, 0.5% *, 8/1/2030, Branch Banking & Trust (a) 

 

7,400,000

 

7,400,000

North Carolina, Capital Facilities Finance Agency, Educational Facilities Revenue, Summit School, Inc. Project, 0.5% *, 6/1/2033, Branch Banking & Trust (a) 

 

2,700,000

 

2,700,000

North Carolina, Capital Facilities Finance Agency, Educational Revenue, Forsyth Country Day School, 0.5% *, 12/1/2031, Branch Banking & Trust (a) 

 

11,690,000

 

11,690,000

North Carolina, Medical Care Commission, Health Care Facilities Revenue, First Mortgage Deerfield, Series B, 0.5% *, 11/1/2038, Branch Banking & Trust (a) 

 

10,035,000

 

10,035,000

North Carolina, Medical Care Commission, Health Care Facilities Revenue, Wake Forest University, Series A, 0.4% *, 7/1/2034, Branch Banking & Trust (a) 

 

7,870,000

 

7,870,000

North Carolina, Medical Care Commission, Hospital Revenue, Southeastern Regional Medical Center, 0.5% *, 6/1/2037, Branch Banking & Trust (a) 

 

2,500,000

 

2,500,000

North Carolina, Medical Care Commission, Retirement Facilities Revenue, First Mortgage Southminster, Series C, 0.46% *, 10/1/2014, Sovereign Bank FSB (a) 

 

14,235,000

 

14,235,000

North Carolina, Medical Care Commission, Retirement Facilities Revenue, First Mortgage, United Methodist Church, Series B, 0.5% *, 10/1/2035, Branch Banking & Trust (a) 

 

4,905,000

 

4,905,000

North Carolina, Piedmont Triad Airport Authority Revenue:

 
 

Series A, 0.45% *, 7/1/2032, Branch Banking & Trust (a) 

 

4,340,000 

 

4,340,000 

 

Series B, AMT, 0.7% *, 7/1/2029, Branch Banking & Trust (a) 

 

3,965,000 

 

3,965,000 

North Carolina, State Education Assistance Authority Revenue, Student Loan:

 
 

Series A-2, AMT, 0.6% *, 9/1/2035, Royal Bank of Canada (a) 

 

23,000,000 

 

23,000,000 

 

Series 5, AMT, 0.65% *, 9/1/2035, Branch Banking & Trust (a) 

 

16,570,000 

 

16,570,000 

Raleigh Durham, NC, Airport Authority Revenue, Series C, AMT, 0.79% *, 5/1/2036, SunTrust Bank (a) 

 

10,000,000

 

10,000,000

University of North Carolina Revenues, Series R-11292, 144A, 0.5% *, 12/1/2036 

 

3,080,000

 

3,080,000

 

**211,770,000**

**Ohio 2.9%**

 
Akron, Bath & Copley, OH, Joint Township Hospital District Revenue, Health Care Facility, Summner Project, 0.65% *, 12/1/2032, KBC Bank NV (a) 

 

5,050,000

 

5,050,000

Butler County, OH, Healthcare Facilities Revenue, LifeSphere Project, 0.56% *, 5/1/2030, US Bank NA (a) 

 

5,575,000

 

5,575,000

Columbus, OH, General Obligation, Series R-11293, 144A, 0.5% *, 9/1/2020 

 

6,000,000

 

6,000,000

 

 

 

Ohio, Clipper Tax-Exempt Certificate Trust, Series 2006-8, 144A, AMT, 0.65% *, 4/1/2013 

 

6,697,000

 

6,697,000

Ohio, Housing Finance Agency, Mortgage Revenue, Residential-Mortgage Backed, Series D, AMT, 0.65% *, 9/1/2036 

 

45,000,000

 

45,000,000

Ohio, State Housing Finance Authority Revenue, Series 2008-3308, 144A, AMT, 0.73% *, 3/1/2033 

 

13,300,000

 

13,300,000

Ohio, Redstone Partners Floaters/Residuals Trust, Housing Finance Authority:

 
 

Series C, 0.96% *, 6/1/2048, Wells Fargo Bank NA (a) 

 

9,780,000 

 

9,780,000 

 

Series D, AMT, 0.96% *, 6/1/2048, Wells Fargo Bank NA (a) 

 

4,340,000 

 

4,340,000 

Ohio, State Higher Educational Facility Commission Revenue, University Hospitals Health System:

 
 

Series A, 0.4% *, 1/15/2035, Allied Irish Bank PLC (a) 

 

15,125,000 

 

15,125,000 

 

Series B, 0.5% *, 1/15/2035, RBS Citizens NA (a) 

 

8,600,000 

 

8,600,000 

 

Series E, 0.55% *, 1/15/2035, RBS Citizens NA (a) 

 

5,000,000 

 

5,000,000 

 

**124,467,000**

**Oklahoma 2.0%**

 
Oklahoma, Development Finance Authority, Continuing Care Retirement, Inverness Village Project, Series A, 0.5% *, 1/1/2042, KBC Bank NV (a) 

 

15,835,000

 

15,835,000

Oklahoma, State Student Loan Authority Revenue, Series IIA-1, AMT, 0.7% *, 3/1/2037, Bank of America NA (a) 

 

30,000,000

 

30,000,000

Oklahoma, State Turnpike Authority Revenue, Series C, 0.55% *, 1/1/2028 

 

40,000,000

 

40,000,000

 

**85,835,000**

**Oregon 1.6%**

 
Oregon, Portland Housing Revenue,, Series 2007-313, 144A, 0.56% *, 12/1/2039 

 

11,805,000

 

11,805,000

Oregon, State Facilities Authority Revenue, PeaceHealth System:

 
 

Series D, 0.3% *, 5/1/2047, Wells Fargo Bank NA (a) 

 

2,000,000 

 

2,000,000 

 

Series C, 0.47% *, 5/1/2047, Wells Fargo Bank NA (a) 

 

4,200,000 

 

4,200,000 

Oregon, State General Obligation, Tax Anticipation Notes, Series A, 3.0%, 6/30/2009 

 

35,000,000

 

35,182,525

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

 
 

0.58% *, 5/1/2034, Bank of America NA (a) 

 

8,985,000 

 

8,985,000 

 

0.58% *, 5/1/2037, Bank of America NA (a) 

 

5,665,000 

 

5,665,000 

 

**67,837,525**

**Pennsylvania 4.3%**

 
Adams County, PA, Industrial Development Authority Revenue, Brethren Home Community Project, 0.5% *, 6/1/2032, PNC Bank NA (a) 

 

7,785,000

 

7,785,000

Allegheny County, PA, RBC Municipal Products, Inc. Trust, Series E-11, 144A, 0.58% *, 12/1/2011, Royal Bank of Canada (a) 

 

10,000,000

 

10,000,000

Beaver County, PA, Industrial Development Authority, Pollution Control Revenue, FirstEnergy, Series B, 0.55% *, 12/1/2041, Royal Bank of Scotland (a) 

 

5,000,000

 

5,000,000

Bucks County, PA, Industrial Development Authority Revenue, Grand View Hospital:

 
 

Series A, 0.45% *, 7/1/2034, TD Bank NA (a) 

 

7,000,000 

 

7,000,000 

 

Series B, 0.47% *, 7/1/2039, PNC Bank NA (a) 

 

8,850,000 

 

8,850,000 

Chester County, PA, Industrial Development Authority, University Student Housing Revenue LLC, Series A, 0.45% *, 2/1/2043, Citizens Bank of PA (a) 

 

8,000,000

 

8,000,000

Dauphin County, PA, General Authority Revenue, Series 100G, 144A, 1.03% *, 1/1/2029 

 

46,196,461

 

46,196,461

Delaware County, PA, Authority Revenue, Riddle Village Project, 0.45% *, 6/1/2037, Sovereign Bank FSB (a) 

 

9,800,000

 

9,800,000

Delaware River Port Authority, Pennsylvania & New Jersey Revenue, Series B, 0.45% *, 1/1/2026, TD Bank NA (a) 

 

11,000,000

 

11,000,000

Latrobe, PA, Industrial Development Authority Revenue, Greensburg Diocese, 0.75% *, 6/1/2033, Allied Irish Bank PLC (a) 

 

2,100,000

 

2,100,000

Monroe County, PA, Hospital Authority Revenue, Stars-Pocono Medical Center, Series B,   0.4% *, 1/1/2032, PNC Bank NA (a) 

 

7,045,000

 

7,045,000

Northampton County, PA, Higher Educational Authority Revenue, Lafayette College, Series A, 0.4% *, 11/1/2028 

 

17,900,000

 

17,900,000

Pennsylvania, BB&T Municipal Trust, Series 1, 0.49% *, 9/15/2015 

 

4,995,000

 

4,995,000

Pennsylvania, State Turnpike Commission Revenue, Series B, 2.0% *, 12/1/2012 

 

18,550,000

 

18,550,000

 

 

 

Philadelphia, PA, Airport Revenue, Series C, AMT, 0.5% *, 6/15/2025, TD Bank NA (a) 

 

20,000,000

 

20,000,000

Philadelphia, PA, Authority for Industrial Development Revenues, Retirement Care, Evangelical Manor, 0.47% *, 10/1/2038, Citizens Bank of PA (a) 

 

5,000,000

 

5,000,000

 

**189,221,461**

**Rhode Island 0.3%**

 
Rhode Island, Housing & Mortgage Finance Corp., Series R-11207, 144A, AMT, 0.58% *, 10/1/2047 

 

9,625,000

 

9,625,000

Rhode Island, Single Family Housing, Series 2008-1110, 144A, AMT, 0.73% *, 10/1/2032 

 

5,250,000

 

5,250,000

 

**14,875,000**

**South Carolina 1.4%**

 
Greenwood County, SC, Exempt Facility Industrial Revenue, Fuji Photo Film Project, AMT, 0.65% *, 9/1/2011 

 

10,300,000

 

10,300,000

South Carolina, BB&T Municipal Trust, Series 1013, 144A, 0.53% *, 1/1/2023, Branch Banking & Trust (a) 

 

6,460,000

 

6,460,000

South Carolina, Greenville Hospital System Facilities Revenue, Series B, 0.47% *, 5/1/2033, SunTrust Bank (a) 

 

6,000,000

 

6,000,000

South Carolina, Jobs Economic Development Authority Revenue, Goodwill Industries of Upper South Carolina, Inc. Project, 0.5% *, 9/1/2028, Branch Banking & Trust (a) 

 

6,400,000

 

6,400,000

South Carolina, Macon Trust, Series 2007-303, 144A, 0.58% *, 2/1/2012, Bank of America NA (a) 

 

9,080,000

 

9,080,000

South Carolina, Revenue Bond, Series 2007-304, 144A, 0.56% *, 3/1/2040 

 

13,895,000

 

13,895,000

South Carolina, Transportation Infrastructure Bank Revenue, Series B2, 0.42% *, 10/1/2031, Branch Banking & Trust (a) 

 

7,960,000

 

7,960,000

 

**60,095,000**

**South Dakota 2.1%**

 
South Dakota, Conservancy District Revenue, State Revolving Fund Program, 1.9% *, 8/1/2029 

 

40,000,000

 

40,000,000

South Dakota, Economic Development Finance Authority, Industrial Development Revenue, Wilson Trailer Project, 144A, AMT, 0.66% *, 2/1/2028, First American Bank (a) 

 

9,500,000

 

9,500,000

South Dakota, Housing Development Authority Revenue:

 
 

Series R-13080, 144A, 0.7% *, 5/1/2018 

 

21,065,000 

 

21,065,000 

 

Series R-13081, 144A, AMT, 0.78% *, 5/1/2037 

 

11,400,000 

 

11,400,000 

South Dakota, State Health & Educational Facilities Authority Revenue, Avera Health, Series A-2, 0.4% *, 7/1/2038, US Bank NA (a) 

 

9,000,000

 

9,000,000

 

**90,965,000**

**Tennessee 3.7%**

 
Blount County, TN, Public Building Authority, Local Government Public Improvement:

 
 

Series C-1-A, 0.5% *, 6/1/2029 

 

22,800,000 

 

22,800,000 

 

Series C-3-A, 0.5% *, 6/1/2029 

 

10,000,000 

 

10,000,000 

 

Series E-5-A, 0.5% *, 6/1/2030, Branch Banking & Trust (a)

 

44,500,000

 

44,500,000

Clarksville, TN, Public Building Authority Revenue, Murfreesboro Lane, 0.54% *, 7/1/2024, SunTrust Bank (a) 

 

4,910,000

 

4,910,000

Clarksville, TN, Public Building Authority Revenue, Pooled Financing, Municipal Bond Fund, 0.45% *, 6/1/2029, Bank of America NA (a) 

 

14,790,000

 

14,790,000

Dickson, TN, Redstone Partners Floaters/Residuals Trust, Series B, 144A, AMT, 0.96% *, 12/1/2047, Wells Fargo Bank NA (a) 

 

3,120,000

 

3,120,000

Nashville & Davidson County, TN, Metropolitan Government, Health & Educational Facilities Board Revenue, Belmont University Project:

 
 

0.47% *, 12/1/2025, SunTrust Bank (a) 

 

11,805,000 

 

11,805,000 

 

0.54% *, 12/1/2022, SunTrust Bank (a) 

 

9,900,000 

 

9,900,000 

Nashville, TN, Metropolitan Nashville Airport Authority Revenue, Series A, 0.54% *, 7/1/2019, Societe Generale (a) 

 

5,900,000

 

5,900,000

Nashville, TN, Metropolitan Nashville Airport Authority, Special Facilities Revenue, Aero Nashville LLC Project, Series A, AMT, 0.63% *, 7/1/2036, JPMorgan Chase Bank (a) 

 

5,180,000

 

5,180,000

Selmer/McNairy County, TN, Industrial Development Board Revenue, United Stainless, Inc., AMT, 0.7% *, 12/1/2023, Bank of America NA (a) 

 

6,500,000

 

6,500,000

Sevier County, TN, Public Building Authority Revenue, Public Improvement:

 
 

 

 

 

Series V-A-I, AMT, 0.58% *, 6/1/2028, Branch Banking & Trust (a)

 

14,645,000

 

14,645,000

 

Series B-1, 0.6% *, 6/1/2032, Allied Irish Bank PLC (a)

 

9,135,000

 

9,135,000

 

**163,185,000**

**Texas 11.7%**

 
Atascosa County, TX, Industrial Development Corp., Pollution Control Revenue, San Miguel Electric Cooperative, Inc., 0.6% *, 6/30/2020 

 

33,100,000

 

33,100,000

Austin, TX, Hotel Occupancy Tax Revenue, Series A, 2.0% *, 11/15/2029, Dexia Credit Local (a) 

 

6,260,000

 

6,260,000

Comal, TX, Independent School District, Series 2593, 144A, 0.95% *, 2/1/2034 

 

6,825,000

 

6,825,000

East Texas, Housing Finance, Redstone Partners Floaters / Residuals Trust, Series D, 144A, AMT, 0.96% *, 12/1/2047, Wells Fargo Bank NA (a) 

 

7,945,000

 

7,945,000

Harris County, TX, Cultural Education Facilities Finance Corp. Revenue, Memorial Hermann Healthcare System, Series D-3, 0.35% *, 6/1/2029, Compass Bank (a) 

 

4,625,000

 

4,625,000

Harris County, TX, Cultural Education Facilities Finance Corp., Special Facilities Revenue, Texas Medical Center, Series B-2, 0.4% *, 9/1/2031, Compass Bank (a) 

 

4,850,000

 

4,850,000

Harris County, TX, Health Facilities Development Corp., Hospital Revenue, Baylor College of Medicine, Series B, 0.45% *, 11/15/2047, Northern Trust Co. (a) 

 

5,000,000

 

5,000,000

Houston, TX, Housing Finance Corp., Series 2110, 144A, AMT, 0.95% *, 12/1/2040 

 

4,515,000

 

4,515,000

Houston, TX, Independent School District, Series 1231, 144A, 0.95% *, 2/15/2032 

 

5,040,000

 

5,040,000

Houston, TX, Utility Systems Revenue:

 
 

Series B1, 1.1% *, 5/15/2034, Bank of America NA, Bank of New York, Dexia Credit Local, State Street Bank & Trust Co. (a) 

 

21,400,000 

 

21,400,000 

 

Series R-10282, 144A, 1.58% *, 11/15/2036 (b) 

 

9,900,000 

 

9,900,000 

Houston, TX, Water & Sewer System Revenue, Series 27TPZ, 144A, 0.48% *, 12/1/2028 (b) 

 

13,460,000

 

13,460,000

Kendall County, TX, Health Facilities Development Corp. Revenue, Morningside Ministries, Series A, 0.46% *, 1/1/2041, Allied Irish Bank PLC (a) 

 

5,970,000

 

5,970,000

Leander, TX, Independent School District, Series R-11662, 144A, 0.51% *, 8/15/2025 

 

3,750,000

 

3,750,000

North Texas, Tollway Authority, 0.45%, 6/1/2009 

 

6,000,000

 

6,000,000

San Antonio, TX, Revenue Bond, Series 2008-1150, 144A, 0.48% *, 2/1/2029 

 

11,985,000

 

11,985,000

Tarrant County, TX, Cultural Education Facilities Finance Corp. Revenue, Christus Health, Series C-5, 0.45% *, 7/1/2031, Compass Bank (a) 

 

10,000,000

 

10,000,000

Tarrant County, TX, Health Facilities Development Corp. Revenue, Cumberland Rest, Inc. Project, 0.95% *, 8/15/2036, HSH Nordbank AG (a) 

 

25,000,000

 

25,000,000

Texas, Alliance Airport Authority, Inc., Special Facilities Revenue, Series 2088, 144A, AMT, 0.55% *, 4/1/2021 

 

24,570,000

 

24,570,000

Texas, Department of Housing, Series 2008-3022X, 144A, AMT, 0.73% *, 9/1/2032 

 

6,740,000

 

6,740,000

Texas, Macon Trust, Series 2007-307, AMT, 0.78% *, 4/1/2009 

 

23,995,000

 

23,995,000

Texas, Municipal Securities Trust Receipts, Series SGA-92, 144A, 2.0% *, 8/1/2029

 

5,000,000

 

5,000,000

Texas, North East Independent School District, "A", 144A, 0.49% *, 8/1/2037 

 

8,935,000

 

8,935,000

Texas, RBC Municipal Products, Inc. Trust, Series L-46, 144A, AMT, 0.67% *, 12/1/2034, Royal Bank of Canada (a) 

 

52,995,000

 

52,995,000

Texas, Solar Eclipse Funding Trust, 144A, 0.5% *, 8/1/2037 

 

4,975,000

 

4,975,000

Texas, State Department of Housing & Community Affairs, Multi-Family Housing Revenue, Series 2108, 144A, AMT, 0.95% *, 6/20/2047 

 

3,375,000

 

3,375,000

Texas, State Tax & Revenue Anticipation Notes, 3.0%, 8/28/2009 

 

150,000,000

 

151,168,732

Texas, State Veteran Housing Assistance Fund II, Series A, AMT, 1.5% *, 12/1/2038 

 

17,810,000

 

17,810,000

Texas, University of Houston, Series 2008-3315, 144A, 1.03% *, 2/15/2033 (b) 

 

9,335,000

 

9,335,000

Travis County, TX, Health Facilities Development Corp., Retirement Facilities Revenue, Longhorn Village Project, Series B, 0.4% *, 7/1/2037, Bank of Scotland (a) 

 

13,800,000

 

13,800,000

Weslaco, TX, Health Facilities Development, Knapp Medical Center, Series A, 0.4% *, 6/1/2038, Compass Bank (a) 

 

4,780,000

 

4,780,000

 

**513,103,732**

**Utah 2.6%**

 
Emery County, UT, Pollution Control Revenue, PacifiCorp, 0.53% *, 11/1/2024, Wells Fargo Bank NA (a) 

 

10,000,000

 

10,000,000

Utah, Housing Corp., Series 2008-3300, 144A, AMT, 0.73% *, 1/1/2039 

 

5,000,000

 

5,000,000

 

 

 

Utah, State Board of Regents Student Loan Revenue, Series A, AMT, 0.57% *, 11/1/2048, Wells Fargo Bank NA (a) 

 

20,000,000

 

20,000,000

Utah, Transportation Authority Revenue, Series 2008-3045X, 144A, 1.03% *, 6/15/2036 (b) 

 

2,500,000

 

2,500,000

Utah, Water Finance Agency Revenue, Series B-3, 0.55% *, 7/1/2036, JPMorgan Chase Bank (a) 

 

75,400,000

 

75,400,000

 

**112,900,000**

**Vermont 0.1%**

 
Vermont, Educational & Health Buildings, Financing Agency Revenue, Norwich University Project, 0.3% *, 9/1/2038, Citizens Bank (a) 

 

5,500,000

 

**5,500,000**

**Virginia 1.9%**

 
Albemarle County, VA, Economic Development Authority, Hospital Revenue, Martha Jefferson Hospital, Series B, 0.45% *, 10/1/2048, Branch Banking & Trust (a) 

 

6,000,000

 

6,000,000

Lynchburg, VA, Industrial Development Authority Revenue, Central Health Hospital:

 
 

Series A, 0.54% *, 1/1/2028, SunTrust Bank (a) 

 

6,965,000 

 

6,965,000 

 

Series B, 0.45% *, 1/1/2035, Branch Banking & Trust (a) 

 

4,550,000 

 

4,550,000 

 

Series C, 0.45% *, 1/1/2035, Branch Banking & Trust (a) 

 

8,900,000 

 

8,900,000 

Norfolk, VA, State General Obligations, AMT, 0.63% *, 8/1/2037 

 

11,820,000

 

11,820,000

Virginia, Chesapeake Bay Bridge & Tunnel District Revenue, Series A, 0.45% *, 5/28/2021, Branch Banking & Trust (a) 

 

8,250,000

 

8,250,000

Virginia, RBC Municipal Products, Inc. Trust:

 
 

Series C-2, 144A, AMT, 0.68% *, 1/1/2014, Royal Bank of Canada (a) 

 

9,490,000 

 

9,490,000 

 

Series C-8, 144A, AMT, 0.68% *, 9/1/2039, Royal Bank of Canada (a) 

 

25,665,000 

 

25,665,000 

Winchester, VA, Industrial Development Authority, Residential Care Facility Revenue, Westminster Cantenbury, Series B, 0.5% *, 1/1/2035, Branch Banking & Trust (a) 

 

2,900,000

 

2,900,000

 

**84,540,000**

**Washington 2.3%**

 
University of Washington:

 
 

1.0%, 2/2/2009 

 

20,000,000 

 

20,000,000 

 

1.0%, 2/9/2009 

 

10,000,000 

 

10,000,000 

Washington, RBC Municipal Products, Inc. Trust, Series C-7, 144A, AMT, 0.68% *, 12/1/2009, Royal Bank of Canada (a) 

 

22,545,000

 

22,545,000

Washington, Solar Eclipse Funding Trust, Series 2007-0094, 144A, 0.45% *, 10/1/2036  

 

4,205,000

 

4,205,000

Washington, State Economic Development Finance Authority, Solid Waste Disposal Revenue, Waste Management, Inc. Project, Series D, AMT, 0.7% *, 7/1/2030, JPMorgan Chase Bank (a) 

 

8,000,000

 

8,000,000

Washington, State General Obligation:

 
 

Series 2599, 144A, 0.46% *, 1/1/2016 

 

4,505,000 

 

4,505,000 

 

Series 3087, 144A, 0.46% *, 7/1/2016 

 

5,055,000 

 

5,055,000 

 

Series R-11477, 0.89% *, 7/1/2025 (b) 

 

5,445,000 

 

5,445,000 

Washington, State Higher Education Facilities Authority Revenue, Seattle University Project, Series A, 0.58% *, 5/1/2028, US Bank NA (a) 

 

9,595,000

 

9,595,000

Washington, State Housing Finance Commission, Multi-Family Housing Revenue, Lake City Senior Apartments Project, Series A, AMT, 0.75% *, 7/1/2039 

 

4,800,000

 

4,800,000

Washington, State Housing Finance Commission, Multi-Family Housing Revenue, Vintage Silverdale, Series A, AMT, 0.7% *, 9/15/2039 

 

4,000,000

 

4,000,000

Washington, State Housing Finance Commission, Nonprofit Revenue, YMCA Tacoma-Pierce County Project, 0.48% *, 12/1/2032, US Bank NA (a) 

 

3,615,000

 

3,615,000

 

**101,765,000**

**West Virginia 0.7%**

 
West Virginia, State Hospital Finance Authority Revenue, Cabell Huntington Hospital, Series A, 0.45% *, 1/1/2034, Branch Banking & Trust (a) 

 

13,480,000

 

13,480,000

West Virginia, State Hospital Finance Authority Revenue, Charleston Area Medical Center, Series A, 0.4% *, 9/1/2037, Branch Banking & Trust (a) 

 

18,605,000

 

18,605,000

 

**32,085,000**

 

 

 

**Wisconsin 0.8%**

 
Milwaukee, WI, General Obligation, Series V8, 0.45% *, 2/1/2025 

 

2,700,000

 

2,700,000

Plymouth, WI, Industrial Development Revenue, Masters Gallery Foods, Series A, AMT, 0.62% *, 5/1/2038, Wells Fargo Bank NA (a) 

 

5,300,000

 

5,300,000

Whitewater, WI, Industrial Development Revenue, MacLean-Fogg Co. Project, AMT, 0.7% *, 12/1/2009, Bank of America NA (a) 

 

3,000,000

 

3,000,000

Wisconsin, Clipper Tax-Exempt Certificates Trust, Series 2007-5, 144A, 0.63% *, 9/1/2017 

 

6,755,000

 

6,755,000

Wisconsin, State Health & Educational Facilities Authority Revenue, Gundersen Lutheran, Series A, 2.45% *, 12/1/2015 (b) 

 

15,895,000

 

15,895,000

 

**33,650,000**

**Wyoming 1.3%**

 
Platte County, WY, Pollution Control Revenue, Tri-State Generation & Transmission Association, Inc., Series B, 1.25% *, 7/1/2014, Wells Fargo Bank NA (a) 

 

6,700,000

 

6,700,000

Sweetwater County, WY, 0.7%, 2/5/2009 

 

8,775,000

 

8,775,000

Wyoming, Student Loan Corp. Revenue, Series A-3, AMT, 0.6% *, 12/1/2043, Royal Bank of Canada (a) 

 

40,000,000

 

40,000,000

 

**55,475,000**

**Other 0.6%**

 
Federal Home Loan Mortgage Corp., Multi-Family Housing, "A", Series M017, AMT, 0.63% *, 9/15/2050 

 

24,867,000

 

**24,867,000**

**Total Municipal Investments** (Cost $4,226,768,251)

 

**4,226,768,251**

 

**Government & Agency Obligation 3.4%**

 
**US Government Sponsored Agency**

 
Federal Home Loan Bank, 0.27% **, 3/12/2009 (Cost $149,956,125)

 

150,000,000

 

**149,956,125**

 

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

 

**Value ($)**

**Total Investment Portfolio** (Cost $4,376,724,376) †

100.0

 

**4,376,724,376**

**Other Assets and Liabilities, Net**

0.0

 

**775,699**

**Net Assets**

100.0

 

**4,377,500,075**

*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, 2009.*

****

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

*†*

*The cost for federal income tax purposes was $4,376,724,376*

*(a)*

*Security incorporates a letter of credit from the bank listed.*

*(b)*

*Bond is insured by one of these companies:*

**Insurance Coverage**

**As a % of Total****Investment Portfolio**

 
Financial Security Assurance, Inc.

1.4

 
*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.*

 

***Fair Value Measurements***

 

*Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157,”Fair Value Measurements," establishes a three-tier hierarchy for measuring fair value and requires additional disclosure about the classification of fair value measurements.*

 

*Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including*

 

*quoted prices for similar securities, interest rates, prepayment speeds, and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.  Securities held by a money market fund are reflected as Level 2 because the securities are valued at amortized cost (which approximates fair value) and, accordingly, the inputs used to determine value are not quoted prices in an active market.*

 

 

 

 

 

 

*The following is a summary of the inputs used as of January 31, 2009 in valuing the Fund's investments. Please see below for information on the Fund’s policy regarding valuation inputs, and their aggregate levels used in the table below:*

 

**Valuation Inputs**

**Investments in  Securities**

Level 1 

$                                 -   

Level 2 

4,376,724,376   

Level 3 

-   

**Total**

**$           4,376,724,376**

 

**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 fiscal quarter 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 23, 2009

 

 

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 23, 2009

 

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:                                        March 23, 2009

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