Principal Amount
|
Value†
|
||||||
(000's omitted)
|
(000's omitted)
|
||||||
Municipal Notes 165.7%
|
|||||||
American Samoa 0.7%
|
|||||||
$
|
500
|
American Samoa Econ. Dev. Au. Gen. Rev. Ref., Ser. 2015-A, 6.25%, due 9/1/29
|
$
|
493
|
|||
California 6.4%
|
|||||||
250
|
California St. Poll. Ctrl. Fin. Au. Solid Waste Disp. Rev. (Aemerge Redpak Svcs. So. California LLC Proj.), Ser. 2016, 7.00%, due 12/1/27
|
242
|
(a)(b)
|
||||
3,115
|
Corona-Norca Unified Sch. Dist. G.O. Cap. Appreciation (Election 2006), Ser. 2009-C, (AGM Insured), 0.00%, due 8/1/24
|
2,675
|
|||||
1,470
|
Pico Rivera Pub. Fin. Au. Lease Rev., Ser. 2009, 4.75%, due 9/1/25 Pre-Refunded 9/1/19
|
1,546
|
|||||
4,463
|
|||||||
Georgia 0.7%
|
|||||||
500
|
Greene Co. Dev. Au. Swr. Fac. Rev., Ser. 2015, 6.13%, due 1/1/25
|
498
|
(a)(b)
|
||||
Guam 3.3%
|
|||||||
1,135
|
Guam Gov't Hotel Occupancy Tax Rev., Ser. 2011-A, 5.50%, due 11/1/19
|
1,192
|
|||||
1,000
|
Guam Gov't Waterworks Au. Wtr. & Wastewater Sys. Rev., Ser. 2010, 5.25%, due 7/1/25 Pre-Refunded 7/1/20
|
1,084
|
|||||
2,276
|
|||||||
Illinois 1.5%
|
|||||||
1,000
|
Chicago G.O. Ref., Ser. 2003-B, 5.00%, due 1/1/23
|
1,071
|
|||||
Louisiana 0.8%
|
|||||||
500
|
Louisiana St. Pub. Facs. Au. Rev. (Southwest Louisiana Charter Academy Foundation Proj.), Ser. 2013-A, 7.63%, due 12/15/28
|
553
|
|||||
Nevada 1.5%
|
|||||||
1,000
|
Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23 Pre-Refunded 6/15/19
|
1,080
|
|||||
New York 145.7%
|
|||||||
Albany Cap. Res. Corp. Ref. Rev. (Albany College of Pharmacy & Hlth. Sciences)
|
|||||||
380
|
Ser. 2014-A, 5.00%, due 12/1/27
|
421
|
|||||
375
|
Ser. 2014-A, 5.00%, due 12/1/28
|
414
|
|||||
270
|
Ser. 2014-A, 5.00%, due 12/1/29
|
297
|
|||||
500
|
Buffalo & Erie Co. Ind. Land Dev. Corp. Rev. (Tapestry Charter Sch. Proj.), Ser. 2017-A, 5.00%, due 8/1/47
|
524
|
|||||
1,325
|
Buffalo & Erie Co. Ind. Land Dev. Corp. Rev. Ref. (Charter Sch. for Applied Technologies Proj.), Ser. 2017-A, 5.00%, due 6/1/35
|
1,396
|
|||||
Buffalo & Erie Co. Ind. Land Dev. Corp. Rev. Ref. (Orchard Park)
|
|||||||
500
|
Ser. 2015, 5.00%, due 11/15/27
|
548
|
|||||
500
|
Ser. 2015, 5.00%, due 11/15/28
|
546
|
|||||
Build NYC Res. Corp. Ref. Rev. (City Univ. - Queens College)
|
|||||||
270
|
Ser. 2014-A, 5.00%, due 6/1/26
|
314
|
|||||
225
|
Ser. 2014-A, 5.00%, due 6/1/29
|
259
|
|||||
Build NYC Res. Corp. Ref. Rev. (Methodist Hosp. Proj.)
|
|||||||
250
|
Ser. 2014, 5.00%, due 7/1/22
|
280
|
|||||
500
|
Ser. 2014, 5.00%, due 7/1/29
|
560
|
|||||
250
|
Build NYC Res. Corp. Ref. Rev. (New York Law Sch. Proj.), Ser. 2016, 4.00%, due 7/1/45
|
249
|
|||||
Build NYC Res. Corp. Ref. Rev. (Packer Collegiate Institute Proj.)
|
|||||||
155
|
Ser. 2015, 5.00%, due 6/1/26
|
179
|
|||||
125
|
Ser. 2015, 5.00%, due 6/1/27
|
143
|
|||||
195
|
Ser. 2015, 5.00%, due 6/1/28
|
222
|
|||||
220
|
Ser. 2015, 5.00%, due 6/1/29
|
250
|
|||||
325
|
Ser. 2015, 5.00%, due 6/1/30
|
368
|
|||||
565
|
Build NYC Res. Corp. Rev., Ser. 2014, 5.00%, due 11/1/24
|
597
|
|||||
|
750
|
Build NYC Res. Corp. Rev. (Met Lighthouse Charter Sch. Proj.), Ser. 2017-A, 5.00%, due 6/1/47
|
790
|
(a)
|
|||
500
|
Build NYC Res. Corp. Rev. (South Bronx Charter Sch. Int'l Cultures), Ser. 2013-A, 3.88%, due 4/15/23
|
501
|
|||||
Build NYC Res. Corp. Solid Waste Disp. Ref. Rev. (Pratt Paper, Inc. Proj.)
|
|||||||
105
|
Ser. 2014, 3.75%, due 1/1/20
|
107
|
(a)
|
||||
200
|
Ser. 2014, 4.50%, due 1/1/25
|
219
|
(a)
|
||||
Dutchess Co. Local Dev. Corp. Rev. (Culinary Institute of America Proj.)
|
|||||||
200
|
Ser. 2016-A-1, 5.00%, due 7/1/41
|
222
|
|||||
275
|
Ser. 2016-A-1, 5.00%, due 7/1/46
|
304
|
|||||
1,000
|
Dutchess Co. Local Dev. Corp. Rev. (Marist College Proj.), Ser. 2012-A, 5.00%, due 7/1/21
|
1,099
|
|||||
1,050
|
Erie Co. IDA Sch. Fac. Rev. (Buffalo City Sch. Dist.), Ser. 2009-A, 5.25%, due 5/1/25 Pre-Refunded 5/1/19
|
1,099
|
|||||
1,270
|
Geneva Dev. Corp. Rev. (Hobart & William Smith College Proj.), Ser. 2012, 5.00%, due 9/1/21
|
1,408
|
|||||
1,500
|
Hempstead Town Local Dev. Corp. Rev. (Molloy College Proj.), Ser. 2009, 5.75%, due 7/1/23 Pre-Refunded 7/1/19
|
1,589
|
|||||
580
|
Islip, G.O., Ser. 2012, 3.00%, due 8/1/25
|
601
|
|||||
1,500
|
Jefferson Co. Civic Fac. Dev. Corp. Rev. Ref. (Samaritan Med. Ctr. Obligated Group Proj.), Ser. 2017-A, 4.00%, due 11/1/47
|
1,419
|
|||||
460
|
Jefferson Co. IDA Solid Waste Disp. Rev. (Green Bond), Ser. 2014, 4.75%, due 1/1/20
|
447
|
(a)
|
||||
300
|
Monroe Co. Ind. Dev. Corp. Rev. (Monroe Comm. College), Ser. 2014, (AGM Insured), 5.00%, due 1/15/29
|
335
|
|||||
Monroe Co. Ind. Dev. Corp. Rev. (Nazareth College of Rochester Proj.)
|
|||||||
500
|
Ser. 2013-A, 5.00%, due 10/1/24
|
555
|
|||||
500
|
Ser. 2013-A, 5.00%, due 10/1/25
|
553
|
|||||
250
|
Ser. 2013-A, 4.00%, due 10/1/26
|
261
|
|||||
Monroe Co. Ind. Dev. Corp. Rev. (St. John Fisher College)
|
|||||||
1,120
|
Ser. 2012-A, 5.00%, due 6/1/23
|
1,250
|
|||||
210
|
Ser. 2012-A, 5.00%, due 6/1/25
|
234
|
|||||
1,265
|
Montgomery Co. Cap. Res. Corp. Lease Ref. Rev. (HFM Boces Proj.), Ser. 2014, (MAC Insured), 5.00%, due 9/1/27
|
1,459
|
|||||
500
|
MTA Hudson Rail Yards Trust Oblig. Rev., Ser. 2016-A, 5.00%, due 11/15/46
|
525
|
|||||
2,000
|
Nassau Co. G.O. (Gen. Imp. Bonds), Ser. 2013-B, 5.00%, due 4/1/28 Pre-Refunded 4/1/23
|
2,311
|
|||||
Nassau Co. Local Econ. Assist. Corp. Rev. (Catholic Hlth. Svcs. of Long Island Obligated Group Proj.)
|
|||||||
500
|
Ser. 2014, 5.00%, due 7/1/23
|
564
|
|||||
1,000
|
Ser. 2014, 5.00%, due 7/1/27
|
1,123
|
|||||
4,175
|
Nassau Co. Tobacco Settlement Corp. Asset Backed, Ser. 2006-A-3, 5.13%, due 6/1/46
|
4,077
|
|||||
New York City G.O.
|
|||||||
950
|
Ser. 2009-B, 5.00%, due 8/1/22
|
997
|
|||||
1,000
|
Ser. 2009-E, 5.00%, due 8/1/21
|
1,050
|
|||||
New York City Muni. Wtr. Fin. Au. Wtr. & Swr. Sys. Rev. (Second Gen. Fiscal 2008)
|
|||||||
650
|
Ser. 2007-BB-1, (LOC: Bank of Tokyo), 1.11%, due 6/15/36
|
650
|
(c)
|
||||
500
|
Ser. 2007-BB-5, (LOC: Bank of America, N. A.), 0.95%, due 6/15/33
|
500
|
(c)
|
||||
2,000
|
New York City Transitional Fin. Au. Rev., Subser. 2017-B-1, 5.00%, due 8/1/19
|
2,105
|
|||||
500
|
New York Liberty Dev. Corp. Ref. Rev. (3 World Trade Ctr. Proj.), Ser. 2014, 5.38%, due 11/15/40
|
548
|
(a)
|
||||
2,000
|
New York Liberty Dev. Corp. Rev. (Goldman Sachs Headquarters), Ser. 2005, 5.25%, due 10/1/35
|
2,423
|
|||||
1,815
|
New York St. Dorm. Au. Ref. Rev. Non St. Supported Debt (Pratt Institute), Ser. 2015-A, 3.00%, due 7/1/27
|
1,847
|
|||||
|
780
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Culinary Institute of America), Ser. 2013, 4.63%, due 7/1/25
|
850
|
||||
500
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Manhattan Marymount College), Ser. 2009, 5.00%, due 7/1/24
|
519
|
|||||
900
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Montefiore Med. Ctr.), Ser. 2008, (FHA Insured), 5.00%, due 8/1/21
|
902
|
|||||
1,595
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Mount Sinai Sch. of Medicine), Ser. 2009, 5.25%, due 7/1/24 Pre-Refunded 7/1/19
|
1,678
|
|||||
2,000
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (North Shore-Long Island Jewish Oblig. Group), Ser. 2011-A, 4.38%, due 5/1/26 Pre-Refunded 5/1/21
|
2,170
|
|||||
1,375
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Rochester Institute of Technology), Ser. 2012, 4.00%, due 7/1/28
|
1,465
|
|||||
2,000
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (St. John's Univ.), Ser. 2007-C, (National Public Finance Guarantee Corp. Insured), 5.25%, due 7/1/19
|
2,104
|
|||||
600
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (St. Joseph's College), Ser. 2010, 5.25%, due 7/1/25
|
601
|
|||||
New York St. Dorm. Au. Rev. Non St. Supported Debt (Touro College & Univ. Sys. Obligated Group)
|
|||||||
460
|
Ser. 2014-A, 4.00%, due 1/1/26
|
478
|
|||||
470
|
Ser. 2014-A, 4.00%, due 1/1/27
|
485
|
|||||
200
|
Ser. 2014-A, 4.00%, due 1/1/28
|
205
|
|||||
275
|
Ser. 2014-A, 4.13%, due 1/1/29
|
283
|
|||||
1,350
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Univ. Facs.), Ser. 2013-A, 5.00%, due 7/1/28
|
1,538
|
|||||
750
|
New York St. Dorm. Au. Rev. Non St. Supported Debt (Vaughn College of Aeronautics & Technology), Ser. 2016, 5.00%, due 12/1/26
|
759
|
(a)
|
||||
New York St. Dorm. Au. Rev. Ref. Non St. Supported Debt (Orange Reg. Med. Ctr.)
|
|||||||
400
|
Ser. 2017, 5.00%, due 12/1/35
|
436
|
(a)
|
||||
200
|
Ser. 2017, 5.00%, due 12/1/36
|
218
|
(a)
|
||||
400
|
Ser. 2017, 5.00%, due 12/1/37
|
434
|
(a)
|
||||
2,000
|
New York St. Dorm. Au. Rev. St. Personal Income Tax Rev., Ser. 2012-A, 5.00%, due 12/15/26
|
2,268
|
|||||
2,000
|
New York St. Env. Facs. Corp. (St. Clean Wtr. & Drinking), Ser. 2012-A, 4.00%, due 6/15/26
|
2,165
|
|||||
New York St. HFA Rev. (Affordable Hsg.)
|
|||||||
1,615
|
Ser. 2009-B, 4.50%, due 11/1/29
|
1,651
|
|||||
960
|
Ser. 2012-F, (SONYMA Insured), 3.05%, due 11/1/27
|
962
|
|||||
400
|
New York St. Hsg. Fin. Agy. Rev. (625 W 57th Street), Ser. 2014-A, (LOC: Bank of New York), 1.18%, due 5/1/49
|
400
|
(c)
|
||||
1,045
|
New York St. Mtge. Agcy. Homeowner Mtge. Ref. Rev., Ser. 2014-189, 3.45%, due 4/1/27
|
1,059
|
|||||
New York St. Muni. Bond Bank Agcy.
|
|||||||
1,230
|
Subser. 2009-B1, 5.00%, due 12/15/23
|
1,300
|
|||||
1,295
|
Subser. 2009-B1, 5.00%, due 12/15/24
|
1,368
|
|||||
1,090
|
New York St. Thruway Au. Second Gen. Hwy. & Bridge Trust Fund Bonds, Ser. 2009-B, 5.00%, due 4/1/19
|
1,133
|
|||||
1,500
|
New York St. Trans. Dev. Corp. Spec. Fac. Ref. Rev. (American Airlines, Inc.-John F Kennedy Int'l Arpt. Proj.), Ser. 2016, 5.00%, due 8/1/31
|
1,578
|
|||||
1,545
|
New York St. Trans. Dev. Corp. Spec. Fac. Rev. (LaGuardia Arpt. Term B Redev. Proj.), Ser. 2016-A, 4.00%, due 7/1/41
|
1,549
|
|||||
1,250
|
New York St. Urban Dev. Corp. Ref. Rev., Ser. 2008-D, 5.25%, due 1/1/20
|
1,291
|
|||||
785
|
Newburgh, G.O., Ser. 2012-A, 5.00%, due 6/15/22
|
866
|
|||||
900
|
Niagara Area Dev. Corp. Rev. (Covanta Energy Proj.), Ser. 2012, 4.00%, due 11/1/24
|
900
|
(a)
|
||||
Niagara Area Dev. Corp. Rev. (Niagara Univ. Proj.)
|
|||||||
|
640
|
Ser. 2012-A, 5.00%, due 5/1/25
|
708
|
||||
300
|
Ser. 2012-A, 5.00%, due 5/1/26
|
331
|
|||||
1,100
|
Niagara Falls City Sch. Dist. Ref. Cert. Participation (High Sch. Fac.), Ser. 2015, (AGM Insured), 4.00%, due 6/15/26
|
1,187
|
|||||
1,010
|
Onondaga Civic Dev. Corp. Ref. Rev., Ser. 2015, 5.00%, due 10/1/29
|
1,129
|
|||||
500
|
Onondaga Civic Dev. Corp. Rev. (St. Josephs Hosp. Hlth. Ctr. Proj.), Ser. 2014-A, 5.00%, due 7/1/25 Pre-Refunded 7/1/19
|
524
|
|||||
1,000
|
Onondaga Co. Trust Cultural Res. Rev. (Syracuse Univ. Proj.), Ser. 2010-B, 5.00%, due 12/1/19
|
1,063
|
|||||
1,500
|
Oyster Bay, G.O., Ser. 2014, (AGM Insured), 3.25%, due 8/1/21
|
1,538
|
|||||
500
|
Port Au. New York & New Jersey Cons. Bonds Rev. Ref. (Two Hundred -Third), Ser. 2017, 5.00%, due 4/15/57
|
565
|
|||||
1,410
|
St. Lawrence Co. IDA Civic Dev. Corp. Rev. (St. Lawrence Univ. Proj.), Ser. 2012, 5.00%, due 7/1/28
|
1,588
|
|||||
1,980
|
Suffolk Co. Judicial Facs. Agcy. Lease Rev. (H. Lee Dennison Bldg.), Ser. 2013, 5.00%, due 11/1/25
|
2,155
|
|||||
1,000
|
Syracuse IDA (Carousel Ctr. Proj.), Ser. 2016-A, 5.00%, due 1/1/31
|
1,105
|
|||||
190
|
Triborough Bridge & Tunnel Au. Oblig., Ser. 1998-A, (National Public Finance Guarantee Corp. Insured), 4.75%, due 1/1/24
|
191
|
|||||
Triborough Bridge & Tunnel Au. Rev.
|
|||||||
1,000
|
Subser. 2008-D, 5.00%, due 11/15/23 Pre-Refunded 11/15/18
|
1,028
|
|||||
765
|
Subser. 2008-D, 5.00%, due 11/15/23
|
786
|
|||||
TSASC Inc. Rev. Ref.
|
|||||||
580
|
Ser. 2017-A, 5.00%, due 6/1/28
|
661
|
|||||
3,000
|
Ser. 2017-A, 5.00%, due 6/1/41
|
3,289
|
|||||
1,405
|
United Nations Dev. Corp. Rev., Ser. 2009-A, 5.00%, due 7/1/22
|
1,471
|
|||||
3,000
|
Utility Debt Securitization Au. Rev., Ser. 2013-TE, 5.00%, due 12/15/28
|
3,479
|
|||||
1,000
|
Westchester Co. Local Dev. Corp. Ref. Rev. (Wartburg Sr. Hsg. Proj.), Ser. 2015-A, 5.00%, due 6/1/30
|
1,011
|
(a)
|
||||
Westchester Co. Local Dev. Corp. Ref. Rev. (Westchester Med. Ctr.)
|
|||||||
825
|
Ser. 2016, 5.00%, due 11/1/30
|
910
|
|||||
1,000
|
Ser. 2016, 3.75%, due 11/1/37
|
953
|
|||||
1,350
|
Westchester Co. Local Dev. Corp. Rev. (Kendal on Hudson Proj.), Ser. 2013, 5.00%, due 1/1/28
|
1,459
|
|||||
101,485
|
|||||||
Ohio 0.7%
|
|||||||
500
|
Buckeye Tobacco Settlement Fin. Au. Asset-Backed Sr. Rev. (Turbo), Ser. 2007-A-2, 5.88%, due 6/1/47
|
484
|
|||||
Pennsylvania 3.2%
|
|||||||
Pennsylvania St. Turnpike Commission Rev.
|
|||||||
285
|
Ser. 2010-B2, 6.00%, due 12/1/34 Pre-Refunded 12/1/20
|
319
|
|||||
305
|
Subser. 2010-B2, 6.00%, due 12/1/34 Pre-Refunded 12/1/20
|
341
|
|||||
1,410
|
Subser. 2010-B2, 6.00%, due 12/1/34
|
1,576
|
|||||
2,236
|
|||||||
Texas 0.5%
|
|||||||
400
|
Mission Econ. Dev. Corp. Wtr. Supply Rev. (Green Bond-Env. Wtr. Minerals Proj.), Ser. 2015, 7.75%, due 1/1/45
|
331
|
(a)(b)
|
||||
Virgin Islands 0.7%
|
|||||||
Virgin Islands Pub. Fin. Au. Rev.
|
|||||||
250
|
Ser. 2014-A, 5.00%, due 10/1/24
|
121
|
|||||
500
|
Ser. 2014-A, 5.00%, due 10/1/29
|
238
|
|||||
200
|
Virgin Islands Pub. Fin. Au. Rev. (Matching Fund Loan-Diageo), Ser. 2009-A, 6.63%, due 10/1/29
|
118
|
|||||
477
|
|||||||
Total Municipal Notes (Cost $112,148)
|
115,447
|
||||||
UNITS
|
Value†
|
||||||
Liquidating Trust - Real Estate 2.5%
|
|||||||
600
|
CMS Liquidating Trust (Cost $3,105)
|
1,740
|
*(d)(e)
|
||||
Total Investments 168.2% (Cost $115,253)
|
117,187
|
||||||
Other Assets Less Liabilities 1.1%
|
746
|
||||||
Liquidation Value of Variable Rate Municipal Term Preferred Shares (net of unamortized deferred offering costs of approximately $39,000) (69.3)%
|
(48,261)
|
||||||
Net Assets Applicable to Common Stockholders 100.0%
|
$69,672
|
*
|
Non-income producing security.
|
||
(a)
|
Securities were purchased under Rule 144A of the Securities Act of 1933, as amended (the “1933 Act”), or are otherwise restricted and, unless registered under the 1933 Act or exempted from registration, may only be sold to qualified institutional investors or may have other restrictions on resale. At January 31, 2018, these securities amounted to approximately $6,940,000, which represents 10.0% of net assets applicable to common stockholders of the Fund. Securities denoted with (a) but without (b) have been deemed by the investment manager to be liquid.
|
||
(b)
|
Illiquid security.
|
||
(c)
|
Weighted average coupon that changes/updates periodically. Rate shown is the rate at January 31, 2018.
|
||
(d)
|
Value determined using significant unobservable inputs.
|
||
(e)
|
This security has been deemed by the investment manager to be illiquid, and is subject to restrictions on resale.
|
(000’s omitted)
Restricted Security
|
Acquisition
Date
|
Acquisition
Cost
|
Acquisition Cost
Percentage of Net
Assets Applicable to
Common
Stockholders as of
Acquisition Date
|
Value as of
1/31/2018
|
Fair Value
Percentage of Net
Assets
Applicable to
Common
Stockholders as
of 1/31/2018
|
CMS Liquidating Trust
|
11/21/2012
|
$3,105
|
4.0%
|
$1,740
|
2.5%
|
The following is a summary, categorized by Level (see Notes to Schedule of Investments), of inputs used to value the Fund's investments as of January 31, 2018:
|
Asset Valuation Inputs
|
||||||||||||||||
(000's omitted)
|
Level 1
|
Level 2
|
Level 3(b)
|
Total
|
||||||||||||
Investments:
|
||||||||||||||||
Municipal Notes(a)
|
$
|
—
|
$
|
115,447
|
$
|
—
|
$
|
115,447
|
||||||||
Liquidating Trust - Real Estate
|
—
|
—
|
1,740
|
1,740
|
||||||||||||
Total Investments
|
$
|
—
|
$
|
115,447
|
$
|
1,740
|
$
|
117,187
|
||||||||
(a)
|
The Schedule of Investments provides a categorization by state/territory or industry for the portfolio.
|
(b)
|
The following is a reconciliation between the beginning and ending balances of investments in which unobservable inputs (Level 3) were used in determining value:
|
(000’s omitted)
|
Beginning
balance, as
of
11/1/2017
|
Accrued
discounts/
(premiums)
|
Realized
gain/(loss)
|
Change in
unrealized
appreciation/
(depreciation)
|
Purchases
|
Sales
|
Transfers
in
to Level 3
|
Transfers
out of
Level 3
|
Balance as
of
1/31/2018
|
Net change in
unrealized
appreciation/
(depreciation)
from
investments
still held as of
1/31/2018
|
||||||||||||||||||||||||||||||
Investments in Securities:
|
||||||||||||||||||||||||||||||||||||||||
Units
|
||||||||||||||||||||||||||||||||||||||||
Liquidating Trust—Real Estate
|
$1,710
|
$—
|
$—
|
$30
|
$—
|
$—
|
$—
|
$—
|
$1,740
|
$30
|
||||||||||||||||||||||||||||||
Total
|
$1,710
|
$—
|
$—
|
$30
|
$—
|
$—
|
$—
|
$—
|
$1,740
|
$30
|
Asset
class
|
Fair value
at 1/31/2018
|
Valuation
approach
|
Unobservable
input
|
Range
per unit
|
Input value
per unit
|
Impact to
valuation
from
decrease
in input
|
|
Units
|
$1,740,000
|
Income Approach
|
Appraised value
|
$2,592 - $2,903
|
$2,903
|
Increase
|
• |
Level 1 – quoted prices in active markets for identical investments
|
• |
Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)
|
• |
Level 3 – unobservable inputs (including a Fund's own assumptions in determining the fair value of investments)
|
(a) |
Based on an evaluation of the disclosure controls and procedures (as defined in Rule 30a-3(c) under the 1940 Act), as of a date within 90 days of the filing date of this report, the Chief Executive Officer and President and the Treasurer and Principal Financial and Accounting Officer of the Registrant have concluded that such disclosure controls and procedures are effectively designed to ensure that information required to be disclosed by the Registrant on Form N-Q is accumulated and communicated to the Registrant’s management to allow timely decisions regarding required disclosure.
|
(b) |
There were no significant changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
|
By:
|
/s/ Robert Conti
|
|
|
Robert Conti |
|
|
Chief Executive Officer and President
|
|
By:
|
/s/ Robert Conti
|
|
|
Robert Conti |
|
|
Chief Executive Officer and President
|
|
By:
|
/s/ John M. McGovern
|
|
|
John M. McGovern |
|
|
Treasurer and Principal Financial
|
|
and Accounting Officer | ||