Trades and Prices for Michigan: 03/07/2008

These reports represent inter-dealer and customer trades in municipal securities that have been reported by dealers to the Municipal Securities Rulemaking Board. The reports do not necessarily reflect all transactions that were effected on the specific trade date. Because of the possibility of errors in the trade submission process or errors or omissions in other processing of data, the reports should not be used as the sole basis for pricing or executing transactions in municipal securities. Prices for securities transactions vary with market conditions and can be affected by trade size and other factors.

All Information for Trade Date: 03/07/2008.

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The Red Flag indicates the bid/offer market spread for this Municipal Bond exceeded 4 points.
Red numbering in the Bid or Offer column indicates the spread between high and low price exceeded 1 point.
Red numbering in the Yield column indicates a negative yield.

Municipal Bond Name / Description	Coupon	Maturity	Bid Side Customer Sold to Dealer (Lowest / Highest)		Offer Side Customer Purchase from Dealer (Lowest / Highest)	Yield* Offer Side (Lo Px / Hi Px)	# of Trades	Volume (000)
ALGONAC MICH CMNTY SCHS REF	0.000%	05/01/2008			99.663 / 99.663	2.48% / 2.48%	1	40
ALGONAC MICH CMNTY SCHS SCH BLDG & SITE-SER I	4.000%	05/01/2010			102.888 / 102.888	2.60% / 2.60%	2	110
ALGONAC MICH CMNTY SCHS SCH BLDG & SITE-SER I	4.500%	05/01/2025			100.585 / 100.585	4.43% / 4.43%	3	150
ALLEN ACADEMY MICH CTFS PARTN	8.000%	06/01/2033			101.750 / 101.750	7.68% / 7.68%	1	20
ALMONT MICH CMNTY SCHS REF-SCH BLDG & SITE	3.750%	05/01/2014			102.095 / 102.095	3.26% / 3.26%	1	5
ALPENA MICH PUB SCHS REF	3.250%	05/01/2015			100.782 / 100.782	3.13% / 3.13%	3	150
ANCHOR BAY MICH SCH DIST REF	4.250%	05/01/2012			101.604 / 101.604	3.70% / 3.70%	1	10
ANN ARBOR MICH SEW DISP REV SER XIX	3.000%	07/01/2011					2	400
AVONDALE MICH SCH DIST REF	4.250%	05/01/2029			91.250 / 91.914	4.92% / 4.87%	7	200
AVONDALE MICH SCH DIST SCH BLDG & SITE	4.000%	05/01/2012			101.511 / 101.511	3.60% / 3.60%	2	30
BATTLE CREEK MICH REF-DOWNTOWN DEV	5.000%	05/01/2018	108.723 / 108.723		108.883 / 108.883	3.93% / 3.93%	3	300
BATTLE CREEK MICH BLDG AUTH REF-JUSTICE CTR COMPLEX	3.250%	04/01/2016			97.320 / 99.049	3.64% / 3.39%	4	280
BATTLE CREEK MICH SCH DIST SCH BLDG & SITE	5.250%	05/01/2020			107.109 / 107.109	4.30% / 4.30%	1	15
BEDFORD TWP MICH SPL ASSMT	3.000%	05/01/2010	98.597 / 98.597				2	10
BENZIE CNTY MICH CENT SCHS REF	4.200%	05/01/2008	99.256 / 99.256				2	50
BERRIEN CNTY MICH MICH TRANS FD	4.750%	12/01/2010	102.485 / 102.485				1	5
BLOOMFIELD TWP MICH	3.000%	05/01/2009	100.665 / 100.665		100.665 / 100.665	2.40% / 2.40%	3	300
BYRON CENTER MICH PUB SCHS REF	4.000%	05/01/2010			102.993 / 102.993	2.55% / 2.55%	3	2070
BYRON CENTER MICH PUB SCHS REF	4.000%	05/01/2020	96.347 / 96.347		95.520 / 99.047	4.48% / 4.10%	20	3070+3
CARMAN-AINSWORTH CMNTY SCH DIST MICH UNREFUNDED BALANCE	5.000%	05/01/2027			100.000 / 100.000	5.00% / 5.00%	1	10
CARRIER CREEK MICH DRAIN DRAIN DIST NO 326	5.000%	06/01/2017			107.836 / 107.836	3.75% / 3.75%	2	440
CASS CNTY MICH SEW DISP-PORTER TWP	3.250%	05/01/2010	99.642 / 99.642				1	30
CENTRAL MONTCALM MICH PUB SCHS	5.750%	05/01/2024	103.781 / 103.781		103.901 / 103.901	2.25% / 2.25%	3	3000
CHARLES STEWART MOTT CMNTY COLLEGE DIST MICH	4.750%	07/01/2018	100.930 / 100.930				2	30
CHEBOYGAN MICH AREA SCHS REF	3.250%	05/01/2009			100.697 / 100.697	2.60% / 2.60%	3	1275
CHEBOYGAN MICH AREA SCHS REF	3.250%	05/01/2010					2	920
CHEBOYGAN MICH AREA SCHS REF	3.250%	05/01/2011			101.146 / 101.146	2.86% / 2.86%	2	960
CHEBOYGAN MICH AREA SCHS REF	3.250%	05/01/2012			101.032 / 101.032	2.98% / 2.98%	2	1020
CHEBOYGAN MICH AREA SCHS REF	3.500%	05/01/2014			101.370 / 101.370	3.25% / 3.25%	3	975
CHEBOYGAN MICH AREA SCHS REF	3.500%	05/01/2015					1	525
CHEBOYGAN MICH AREA SCHS REF	3.500%	05/01/2016			100.000 / 100.000	3.50% / 3.50%	3	950
CHEBOYGAN MICH AREA SCHS REF	3.750%	05/01/2017					1	530
CHEBOYGAN MICH AREA SCHS REF	3.750%	05/01/2018					1	530
CHEBOYGAN MICH AREA SCHS REF	4.000%	05/01/2019					2	1060
CHEBOYGAN MICH AREA SCHS REF	4.000%	05/01/2020			101.661 / 101.661	3.80% / 3.80%	1	530
CHEBOYGAN MICH AREA SCHS REF	4.000%	05/01/2021					1	530
CLARE MICH PUB SCHS BLDG & SITE-SER A	4.875%	05/01/2026	105.310 / 105.310				1	25
CLARKSTON MICH CMNTY SCHS REF	5.000%	05/01/2013			109.450 / 109.450	3.00% / 3.00%	1	+1
CLAWSON MICH CITY SCH DIST PREREFUNDED	5.000%	05/01/2024	100.084 / 100.084		100.138 / 100.138	3.91% / 3.91%	2	20
CLAWSON MICH CITY SCH DIST UNREFUNDED BALANCE	5.000%	05/01/2024	100.081 / 100.081				1	15
CLINTON CNTY MICH BLDG AUTH	5.000%	05/01/2019	101.968 / 101.968				1	10
CLINTON TWP MICH ECONOMIC DEV CORP LTD OBLIG REV VAR-OMEGA PLASTICS INC PROJ	%	06/01/2019			100.000 / 100.000		1	40
CLINTONDALE MICH CMNTY SCHS SCH BLDG & SITE	3.500%	05/01/2011			100.583 / 100.583	3.30% / 3.30%	3	45
CONNOR CREEK ACADEMY EAST MICH PUB SCH CTFS PARTN	6.750%	06/01/2017					1	5
DANSVILLE MICH SCHS REF	3.250%	05/01/2012			101.197 / 101.197	2.94% / 2.94%	2	50
DEARBORN MICH SCH DIST LTD TAX-CMNTY COLLEGE FACS	4.000%	05/01/2016			100.400 / 100.400	3.94% / 3.94%	4	400
DEARBORN MICH SEW DISP SYS REV REF	4.000%	04/01/2014			101.000 / 101.000	3.78% / 3.78%	1	20
DELTA CNTY MICH ECONOMIC DEV CORP ENVIRONMENTAL IMPT REV REF-MEAD WESTVACO-ESCANABA-A	6.250%	04/15/2027			112.007 / 112.007	3.10% / 3.10%	2	210
DETROIT MICH REF-SER A	5.000%	04/01/2009	101.606 / 101.606		102.181 / 102.182	2.88% / 2.88%	3	200
DETROIT MICH SER A	5.000%	04/01/2011			103.024 / 103.024	3.00% / 3.00%	1	175
DETROIT MICH SER A	5.250%	04/01/2012	101.685 / 101.685		102.912 / 102.912	3.35% / 3.35%	2	50
DETROIT MICH SER A	5.000%	04/01/2011	100.399 / 100.399				1	15
DETROIT MICH SER A-1	5.375%	04/01/2012	105.202 / 105.202				1	70
DETROIT MICH SER A-1	4.600%	04/01/2024			95.519 / 95.519	5.01% / 5.01%	1	5
DETROIT MICH CITY SCH DIST REF-SCH BLDG & SITE IMPT-SER A	5.000%	05/01/2018			107.628 / 107.628	3.77% / 3.77%	1	5
DETROIT MICH CITY SCH DIST REF-SER C	5.250%	05/01/2016			108.454 / 108.454	4.02% / 4.02%	2	20
DETROIT MICH CITY SCH DIST SCH BLDG & SITE IMPT-SER A	6.000%	05/01/2020			113.903 / 113.903	4.50% / 4.50%	2	725
DETROIT MICH CITY SCH DIST SCH BLDG & SITE IMPT-SER B	2.900%	05/01/2009	99.530 / 99.530				1	50
DETROIT MICH CITY SCH DIST SCH BLDG & SITE IMPT-SER B	5.250%	05/01/2011			106.066 / 106.682	3.20% / 3.00%	2	115
DETROIT MICH CITY SCH DIST SCH BLDG & SITE IMPT-SER B	5.000%	05/01/2013			107.947 / 107.947	3.30% / 3.30%	1	400
DETROIT MICH CITY SCH DIST SCH BLDG & SITE IMPT-SER B	5.000%	05/01/2020			102.000 / 102.000	4.56% / 4.56%	2	+2
DETROIT MICH CITY SCH DIST SCH BLDG & SITE IMPT-SER B	5.000%	05/01/2021			101.348 / 102.851	4.70% / 4.37%	12	5900
DETROIT MICH CITY SCH DIST SCH BLDG & SITE IMPT-SER B	5.000%	05/01/2022			103.100 / 103.100	4.32% / 4.32%	4	200+2
DETROIT MICH CITY SCH DIST SER A	5.125%	05/01/2031	104.948 / 104.948		106.798 / 106.798	3.35% / 3.35%	4	40
DETROIT MICH CITY SCH DIST SER B	4.750%	05/01/2028			96.843 / 99.500	5.00% / 4.79%	5	420
DETROIT MICH DOWNTOWN DEV AUTH TAX INCREMENT REV JR LIEN-DEV AREA NO 1 PROJS-C	5.000%	07/01/2018			100.216 / 100.216	4.24% / 4.24%	1	5
DETROIT MICH ECONOMIC DEV CORP ECONOMIC DEV REV ADJ-WATERFRONT RECLAMATION-B	%	05/01/2009	100.000 / 100.000				1	250
DETROIT MICH ECONOMIC DEV CORP RES RECOVERY REV REF-SER A	4.450%	05/01/2009			102.144 / 102.144	2.52% / 2.52%	3	75
DETROIT MICH ECONOMIC DEV CORP REV ADJ-MICH OPERA THEATRE	%	03/01/2029			100.000 / 100.000		1	+1
DETROIT MICH SEW DISP REV PREREFUNDED-REF-SR-LIEN-SER A	5.000%	07/01/2028			109.476 / 109.476	3.05% / 3.05%	2	+2
DETROIT MICH SEW DISP REV PREREFUNDED-REF-SR-LIEN-SER A	5.000%	07/01/2032	110.792 / 110.792		110.814 / 110.814	2.79% / 2.79%	2	+2
DETROIT MICH SEW DISP REV REF-SENIOR LIEN-SER A	5.000%	07/01/2013	107.662 / 107.662				2	30
DETROIT MICH SEW DISP REV REF-SR LIEN-SER A	5.000%	07/01/2008			100.467 / 100.467	3.44% / 3.44%	1	15
DETROIT MICH SEW DISP REV REF-SR LIEN-SER A	3.000%	07/01/2009			100.000 / 100.000	3.00% / 3.00%	1	25
DETROIT MICH SEW DISP REV REF-SR LIEN-SER A	3.200%	07/01/2011			100.495 / 100.495	3.04% / 3.04%	1	25
DETROIT MICH SEW DISP REV REF-SR LIEN-SER A	5.000%	07/01/2024			101.900 / 103.150	4.59% / 4.33%	8	1440
DETROIT MICH SEW DISP REV REF-SR LIEN-SER A	5.125%	07/01/2031	105.730 / 105.730				2	40
DETROIT MICH SEW DISP REV REF-SYS-SR LIEN-A-RMK 12/14/06	5.250%	07/01/2019			106.250 / 106.250	4.42% / 4.42%	2	400
DETROIT MICH SEW DISP REV SECOND LIEN-SER A	4.500%	07/01/2035			96.832 / 96.832	4.71% / 4.71%	3	225
DETROIT MICH SEW DISP REV SYS-SECOND LIEN-SER B	4.500%	07/01/2022			98.053 / 98.053	4.69% / 4.69%	2	100
DETROIT MICH SEW DISP REV UNREFUNDED BAL-SR LIEN-SER A	5.000%	07/01/2015			107.764 / 107.898	3.39% / 3.36%	4	200
DETROIT MICH SEW DISP REV VAR-REF-SR LIEN-SER C-1	%	07/01/2027			100.000 / 100.000		3	1000+1
DETROIT MICH WTR SUPPLY SYS REV PREREFUNDED-SECOND LIEN-B	5.000%	07/01/2034	105.698 / 105.698				1	10
DETROIT MICH WTR SUPPLY SYS REV REF-SER B	5.200%	07/01/2008	100.553 / 100.553				1	300
DETROIT MICH WTR SUPPLY SYS REV REF-SR LIEN-SER C	5.000%	07/01/2013			106.947 / 106.947	3.55% / 3.55%	2	80
DETROIT MICH WTR SUPPLY SYS REV REF-SR LIEN-SER C	5.000%	07/01/2014			108.413 / 108.413	3.50% / 3.50%	2	60
DETROIT MICH WTR SUPPLY SYS REV REF-SR LIEN-SER D	4.625%	07/01/2032			94.100 / 96.800	5.05% / 4.85%	4	35
DETROIT MICH WTR SUPPLY SYS REV SECOND LIEN-SER B	5.250%	07/01/2032			110.170 / 110.170	3.15% / 3.15%	3	210
DETROIT MICH WTR SUPPLY SYS REV SECOND LIEN-SER B	5.500%	07/01/2033			109.868 / 109.868	2.65% / 2.65%	1	+1
DETROIT MICH WTR SUPPLY SYS REV SR LIEN-SER A	5.000%	07/01/2023	110.345 / 110.345				1	+1
DETROIT MICH WTR SUPPLY SYS REV UNREFUNDED BAL-SECOND LIEN-B	5.000%	07/01/2034	97.000 / 97.000				1	10
DETROIT MICH WTR SUPPLY SYS REV VAR-REF-SECOND LIEN-SER C	%	07/01/2029	100.000 / 100.000				1	+1
DETROIT MICH WTR SUPPLY SYS REV VAR-SECOND LIEN-SER B	%	07/01/2036	100.000 / 100.000		100.000 / 100.000		2	800
DETROIT MICH WTR SUPPLY SYS REV VAR-SR LIEN-SER B	%	07/01/2035	100.000 / 100.000		100.000 / 100.000		3	+3
DEXTER MICH CMNTY SCHS REF	5.000%	05/01/2017	107.206 / 107.206		107.331 / 107.331	3.43% / 3.43%	3	300
DOWAGIAC MICH UN SCH DIST	5.000%	05/01/2031	106.000 / 106.000				2	120
DUNDEE VLG MICH LOC DEV FIN AUTH TAXABLE	5.400%	05/01/2020	92.500 / 92.500				1	10
EAST LANSING MICH SCH DIST REF	3.125%	05/01/2008			100.000 / 100.000	3.12% / 3.12%	1	50
EASTERN MICH UNIV REVS VAR-REF-GEN REV-SER A	%	06/01/2036	100.000 / 100.000		100.000 / 100.000	8.50% / 8.50%	2	+2
EDWARDSBURG MICH PUB SCHS	4.750%	05/01/2024	100.045 / 100.045				1	25
EDWARDSBURG MICH PUB SCHS REF-BLDG & SITE	5.000%	05/01/2014			110.052 / 110.052	3.18% / 3.18%	3	150
FERRIS ST UNIV MICH REV PREREFUNDED-GEN	5.000%	10/01/2018			100.028 / 100.028	4.37% / 4.37%	2	80
FLAT ROCK MICH BLDG AUTH	6.000%	08/01/2020			106.702 / 106.702	3.06% / 3.06%	1	25
FRANKENMUTH MICH SCH DIST	5.500%	05/01/2008	98.956 / 98.956				3	75
FRASER MICH PUB SCH DIST	5.000%	05/01/2014			100.198 / 100.198	3.48% / 3.48%	2	20
FRASER MICH PUB SCH DIST REF	4.000%	05/01/2011	101.801 / 101.801		102.951 / 102.951	3.01% / 3.01%	2	60
GENESEE CNTY MICH SEW DISP SYS-FENTON TWP	4.500%	05/01/2024			94.501 / 94.501	5.00% / 5.00%	1	5
GENESEE CNTY MICH ECONOMIC DEV CORP LTD OBLIG REV VAR-RIEGLE PRESS INC PROJ	%	08/01/2015	100.000 / 100.000				1	20
GENESEE CNTY MICH SEW DISP SYS REV SAN-INTERCEPTORS & TREATMENT	4.000%	05/01/2008			100.177 / 100.177	2.66% / 2.66%	2	90
GEORGE WASH CARVER MICH PUB SCH ACADEMY CTFS PARTN	8.125%	09/01/2030			102.000 / 102.000	7.22% / 7.22%	1	15
GIBRALTAR MICH SCH DIST SCH BLDG & SITE	5.000%	05/01/2028	105.010 / 105.010		106.360 / 106.360	3.50% / 3.50%	3	30
GLADWIN MICH CMNTY SCHS SCH BLDG & SITE	3.750%	05/01/2013	100.178 / 100.178		102.328 / 102.328	3.25% / 3.25%	2	180
GOBLES MICH PUB SCHS SCH BLDG & SITE	5.000%	05/01/2022	106.000 / 106.000		107.198 / 107.198	3.13% / 3.13%	3	195
GODFREY-LEE MICH PUB SCH DIST REF	3.750%	05/01/2011			102.930 / 102.930	2.77% / 2.77%	3	135
GRAND LEDGE MICH PUB SCHS DIST REF	4.000%	05/01/2014			101.988 / 102.425	3.63% / 3.56%	4	160
GRAND LEDGE MICH PUB SCHS DIST SCH BLDG & SITE	4.750%	05/01/2037	92.574 / 92.574				2	20
GRAND RAPIDS & KENT CNTY MICH JT BLDG AUTH CAP APPREC-DEVOS PLACE PROJ	0.000%	12/01/2018			63.046 / 63.046	4.35% / 4.35%	1	50
GRAND RAPIDS MICH CMNTY COLLEGE REF	5.125%	05/01/2018			100.280 / 100.280	3.00% / 3.00%	1	80
GRAND RAPIDS MICH ECONOMIC DEV CORP ECONOMIC DEV REV ADJ-REF-AMWAY HOTEL CORP-SER A	%	08/01/2017	100.000 / 100.000		100.000 / 100.000		3	210
GRAND RAPIDS MICH ECONOMIC DEV CORP INDL DEV REV ADJ-REF-BAKER KNAPP & TUBBS PJ	%	06/01/2012	100.000 / 100.000				1	300
GRAND RAPIDS MICH PUB SCHS REF	4.250%	05/01/2026			94.542 / 94.542	4.70% / 4.70%	1	100
GRAND TRAVERSE CNTY MICH BLDG AUTH SER A	4.800%	09/01/2008			101.185 / 101.185	2.25% / 2.25%	1	15
GRAND TRAVERSE CNTY MICH HOSP FIN AUTH HOSP REV PREREFUNDED-REF-MUNSON-SER A	5.000%	07/01/2028			101.714 / 101.714	2.57% / 2.57%	1	10
GRAND TRAVERSE CNTY MICH HOSP FIN AUTH HOSP REV REF-MUNSON HEALTHCARE-SER A	4.625%	07/01/2010	100.500 / 100.500				1	5
GREATER DETROIT RES RECOVERY AUTH MICH REV REF-SER B	6.250%	12/13/2008	102.164 / 102.164				1	75
GREENVILLE MICH PUB SCHS REF	5.000%	05/01/2023			106.492 / 106.492	4.21% / 4.21%	3	15
GROSSE ILE TWP MICH SCH DIST REF	5.000%	05/01/2022	99.340 / 99.340		100.125 / 100.125	4.00% / 4.00%	4	30
GROSSE POINTE MICH PUB SCH SYS REF	4.500%	05/01/2021	98.650 / 98.650				3	180
GULL LAKE MICH CMNTY SCH DIST SCH BLDG & SITE	5.000%	05/01/2023			110.539 / 110.539	3.10% / 3.10%	2	190
HANCOCK MICH HOSP FIN AUTH REV FHA-INSD MTG-PORTAGE HLTH	5.450%	08/01/2047			101.161 / 101.161	2.40% / 2.40%	1	50
HASTINGS MICH AREA SCH SYS BLDG & SITE	5.000%	05/01/2022	103.460 / 103.460				1	5
HASTINGS MICH AREA SCH SYS REF	4.500%	05/01/2014			101.500 / 101.500	3.14% / 3.14%	1	10
HOLLAND MICH SCH DIST CAP APPREC-REF	0.000%	05/01/2015			74.348 / 74.348	4.20% / 4.20%	1	20
HOLLY MICH WTR SUPPLY SYS REV	4.250%	10/01/2015			100.000 / 100.110	4.25% / 4.23%	3	35
HOLT MICH PUB SCHS REF	5.000%	05/01/2009			102.916 / 102.916	2.38% / 2.38%	3	150
HOLT MICH PUB SCHS VAR-REF	%	05/01/2030			100.000 / 100.000		1	+1
HOPKINS MICH PUB SCHS REF	3.250%	05/01/2012			100.653 / 100.653	3.08% / 3.08%	2	30
HOPKINS MICH PUB SCHS SCH BLDG & SITE	5.000%	05/01/2032			100.000 / 100.000	5.00% / 5.00%	1	25
HOUGHTON-PORTAGE TWP SCH DIST MICH REF	3.750%	05/01/2013			104.517 / 104.517	2.80% / 2.80%	1	15
HOWELL MICH PUB SCHS SCH BLDG & SITE	5.000%	05/01/2026	105.040 / 105.040				1	15
HUDSONVILLE MICH PUB SCHS REF	3.500%	05/01/2016					2	200
HUDSONVILLE MICH PUB SCHS REF	4.000%	05/01/2020			96.265 / 98.772	4.40% / 4.13%	15	3015
JACKSON CNTY MICH WASTEWTR DISP FAC	4.000%	04/01/2015	98.277 / 99.755				6	900
JACKSON MICH CMNTY COLLEGE CMNTY COLLEGE FACS	4.000%	05/01/2015	98.500 / 98.500				1	5
KALAMAZOO MICH CITY SCH DIST REF	4.500%	05/01/2016	100.252 / 100.252				1	500
KALAMAZOO MICH ECONOMIC DEV CORP REV ECONOMIC DEV-HERITAGE-SER A	7.500%	05/15/2029			108.938 / 108.938	4.05% / 4.05%	1	10
KALAMAZOO MICH HOSP FIN AUTH HOSP FAC REV BRONSON METHODIST HOSP	%	05/01/2036	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	2	400+1
KALAMAZOO MICH REGL EDL SVC AGY SCH BLDG & SITE	3.750%	05/01/2016			100.000 / 100.205	3.75% / 3.72%	3	550
KENOWA HILLS MICH PUB SCHS REF	4.000%	05/01/2008	99.312 / 99.312		100.129 / 100.129	3.00% / 3.00%	2	50
KENT CITY MICH CMNTY SCHS	4.350%	05/01/2014			103.052 / 103.052	3.32% / 3.32%	1	25
KENT CNTY MICH ARPT REV GERALD R FORD INTL ARPT	4.000%	01/01/2011			103.603 / 103.603	2.66% / 2.66%	3	600
KENT CNTY MICH ARPT REV GERALD R FORD INTL ARPT	5.000%	01/01/2037			101.200 / 102.700	4.83% / 4.62%	10	425
KENT HOSP FIN AUTH MICH REV MET HOSP PJ-SER A	5.500%	07/01/2020			101.591 / 101.591	5.23% / 5.23%	3	15
KENT HOSP FIN AUTH MICH REV REF-SPECTRUM HEALTH-SER B	5.000%	07/15/2011			104.400 / 105.820	3.59% / 3.15%	4	265
LAKE SHORE MICH PUB SCHS MACOMB CNTY REF	4.750%	05/01/2019	98.260 / 101.843		103.490 / 103.490	4.10% / 4.10%	12	1950
LANSING MICH CMNTY COLLEGE	5.500%	05/01/2017	108.040 / 108.040		109.652 / 109.652	3.00% / 3.00%	2	50
LANSING MICH ECONOMIC DEV CORP LTD OBLIG REV VAR-MICH CATHOLIC CONFERENCE	%	06/01/2021	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	2	600
LANSING MICH SEW DISP SYS REV REF	3.000%	05/01/2009			99.997 / 99.997	3.00% / 3.00%	2	20
LANSING/INGHAM CNTY MICH JT BLDG AUTH	5.400%	11/01/2016	103.867 / 103.867				1	200
LENAWEE CNTY MICH HOSP FIN AUTH HOSP REV ARS-REF & IMPT-PROMEDICA-SER B	%	11/15/2035	100.000 / 100.000		100.000 / 100.000		15	2100+1
LESLIE MICH PUB SCHS INGHAM & JACKSON CNTYS REF	4.875%	05/01/2025	100.062 / 100.062				1	100
LINCOLN MICH CONS SCH DIST	5.000%	05/01/2028	100.000 / 100.000		100.375 / 100.375	2.20% / 2.20%	2	40
LINCOLN MICH CONS SCH DIST REF	5.000%	05/01/2016			100.035 / 100.035	4.66% / 4.66%	2	10
LINCOLN PK MICH SCH DIST REF	4.000%	05/01/2022			98.556 / 98.556	4.14% / 4.14%	3	150
LINCOLN PK MICH SCH DIST REF	4.125%	05/01/2023			99.747 / 99.747	4.15% / 4.15%	3	150
LIVONIA MICH PUB SCHS SCH DIST BLDG & SITE	5.500%	05/01/2013	104.236 / 104.236				1	25
LIVONIA MICH PUB SCHS SCH DIST REF-SER A	5.000%	05/01/2023	101.921 / 101.921		103.125 / 103.125	4.41% / 4.41%	6	600+2
MACOMB CNTY MICH NORTH GRATIOT INTERCEPTOR-A	4.150%	05/01/2027	89.273 / 89.273				1	20
MANCHESTER MICH CMNTY SCHS REF-BLDG & SITE	5.000%	05/01/2026	105.530 / 105.530				1	50
MARSHALL MICH PUB SCHS DIST REF-SCH BLDG & SITE	4.375%	05/01/2022			97.175 / 97.175	4.65% / 4.65%	1	20
MARYSVILLE MICH PUB SCHS DIST REF	3.000%	05/01/2010			101.300 / 101.300	2.37% / 2.37%	2	540
MARYSVILLE MICH PUB SCHS DIST REF	5.000%	05/01/2022	99.873 / 99.873				1	5
MELVINDALE-NORTHERN ALLEN PK MICH SCH DIST BLDG & SITE	4.250%	05/01/2016			103.138 / 103.138	3.51% / 3.51%	2	10
MICHIGAN CITY IND AREA-WIDE SCH BLDG CORP CAP APPREC-FIRST MTG	0.000%	07/15/2015			77.141 / 77.141	3.57% / 3.57%	1	50
MICHIGAN CITY IND ECONOMIC DEV REV VAR-TAXABLE-CONS BISCUIT CO PJ	%	10/01/2013	100.000 / 100.000		100.000 / 100.000		2	230
MICHIGAN CITY IND SCH BLDG CORP REF-FIRST MTG	3.000%	01/01/2009	99.992 / 99.992		100.392 / 100.392	2.50% / 2.50%	4	800
MICHIGAN HIGHER ED FACS AUTH REV LTD OBLIG-CALVIN COLLEGE PROJ	5.000%	06/01/2010	101.477 / 101.477		101.577 / 101.577	2.30% / 2.30%	2	500
MICHIGAN HIGHER ED FACS AUTH REV VAR-REF-LTD OBLIG-UNIV DETROIT	%	11/01/2036	100.000 / 100.000				1	100
MICHIGAN HIGHER ED STUDENT LN AUTH REV STUDENT LN-SER XVII-I	4.750%	03/01/2018			99.200 / 99.200	4.85% / 4.85%	3	30
MICHIGAN HIGHER ED STUDENT LN AUTH REV STUDENT LN-SER XVII-I	5.200%	03/01/2024			100.000 / 100.000	5.20% / 5.20%	9	290
MICHIGAN HIGHER ED STUDENT LN AUTH REV STUDENT LN-SER XVII-Q	4.750%	03/01/2017			100.083 / 101.222	4.74% / 4.57%	11	740
MICHIGAN HIGHER ED STUDENT LN AUTH REV STUDENT LN-SER XVII-Q	4.950%	03/01/2026			95.416 / 97.862	5.35% / 5.13%	20	1375
MICHIGAN MUN BD AUTH REV CLEAN WATER REVOLVING FD	4.500%	10/01/2011			105.662 / 105.662	2.81% / 2.81%	1	40
MICHIGAN MUN BD AUTH REV CLEAN WTR REVOLVING FD	5.625%	10/01/2011	104.000 / 104.000				2	10
MICHIGAN MUN BD AUTH REV CLEAN WTR ST REVOLVING FD	5.375%	10/01/2013	109.690 / 109.690		109.940 / 109.940	3.02% / 3.02%	2	40
MICHIGAN MUN BD AUTH REV LOC GOVT LN PROG-SER C	5.000%	05/01/2014	108.104 / 108.104				2	100
MICHIGAN MUN BD AUTH REV REF-DRINKING WTR ST REVOLVING	5.000%	10/01/2013			109.112 / 109.112	3.20% / 3.20%	2	60
MICHIGAN MUN BD AUTH REV REF-SCH LN-SER A	5.250%	12/01/2008			101.590 / 101.590	2.99% / 2.99%	1	120
MICHIGAN MUN BD AUTH REV REF-SCH LN-SER A	5.250%	06/01/2010			105.276 / 105.276	2.78% / 2.78%	1	50
MICHIGAN MUN BD AUTH REV REF-SCH LN-SER A	5.250%	12/01/2011					1	20
MICHIGAN MUN BD AUTH REV SCH DIST CITY OF DETROIT	5.000%	06/01/2013	107.093 / 107.093				2	50
MICHIGAN MUN BD AUTH REV ST CLEAN WTR REVOLVING FD	5.000%	10/01/2014	107.463 / 107.463				1	10
MICHIGAN MUN BD AUTH REV ST CLEAN WTR REVOLVING FD	5.000%	10/01/2017			109.685 / 109.685	3.67% / 3.67%	1	5
MICHIGAN MUN BD AUTH REV ST CLEAN WTR REVOLVING FD	4.625%	10/01/2028			95.215 / 95.215	5.00% / 5.00%	1	5
MICHIGAN MUN BD AUTH REV VAR-REF-TAXABLE-REVOLVING-A2	%	03/01/2047			100.000 / 100.000	0.00% / 0.00%	3	625
MICHIGAN PUB PWR AGY REV REF-BELLE RIVER PROJ-SER A	5.250%	01/01/2014			107.751 / 107.751	3.75% / 3.75%	1	10
MICHIGAN ST CLEAN MICH INITIATIVE PROG	5.000%	11/01/2011	105.987 / 105.987				1	35
MICHIGAN ST ENVIRONMENTAL PROG-SER A	4.000%	05/01/2012			103.073 / 103.573	3.20% / 3.07%	2	50
MICHIGAN ST REF	5.250%	12/01/2010	105.601 / 105.601				1	75
MICHIGAN ST REF	5.500%	12/01/2012			110.456 / 110.456	3.10% / 3.10%	1	30
MICHIGAN ST BLDG AUTH REV CAP APPREC-FACS PROG-SER II	0.000%	10/01/2008			98.716 / 98.716	2.35% / 2.35%	1	40
MICHIGAN ST BLDG AUTH REV CAP APPREC-REF-SER IA	0.000%	10/15/2026			34.667 / 34.667	5.78% / 5.78%	1	70
MICHIGAN ST BLDG AUTH REV CAP APPREC-REF-SER IA	0.000%	10/15/2027			32.623 / 32.623	5.80% / 5.80%	1	90
MICHIGAN ST BLDG AUTH REV CAP APPREC-REF-SER IA	0.000%	10/15/2029			31.044 / 31.044	5.49% / 5.49%	3	300
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER 1	5.250%	10/15/2012			103.864 / 103.864	2.75% / 2.75%	4	300
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER 1	4.750%	10/15/2021			100.000 / 100.000	4.75% / 4.75%	1	10
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER I	5.250%	10/15/2014	108.509 / 108.509		108.809 / 108.809	3.50% / 3.50%	2	70
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER I	5.250%	10/15/2015			108.920 / 108.920	3.48% / 3.48%	2	230
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER I	5.000%	10/15/2017			105.629 / 105.629	4.13% / 4.13%	1	15
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER II	4.000%	10/15/2009	100.610 / 100.610		100.919 / 100.919	3.40% / 3.40%	2	50
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER II	5.000%	10/15/2015	104.470 / 104.470				3	30
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER III	5.000%	10/15/2010	105.820 / 105.820				3	3000
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER III	5.375%	10/15/2014			109.439 / 109.439	3.15% / 3.15%	2	20
MICHIGAN ST BLDG AUTH REV ST POLICE COMM SYS	5.375%	10/01/2014			111.201 / 111.201	3.45% / 3.45%	1	50
MICHIGAN ST BLDG AUTH REV ST POLICE COMM SYS	5.375%	10/01/2016			110.215 / 110.215	3.61% / 3.61%	1	5
MICHIGAN ST BLDG AUTH REV VAR-MULTI-MODAL-FACS PROG-IIA	%	10/15/2040	100.000 / 100.000		100.000 / 100.000		3	+3
MICHIGAN ST CTFS PARTN SER A	5.000%	09/01/2031			105.559 / 105.559	3.29% / 3.29%	2	100
MICHIGAN ST HOSP FIN AUTH REV ASCENSION HLTH CREDIT-SER A	6.125%	11/15/2023	106.080 / 106.080				1	45
MICHIGAN ST HOSP FIN AUTH REV ASCENSION HLTH CREDIT-SER A	6.125%	11/15/2026			107.050 / 107.050	2.39% / 2.39%	3	450
MICHIGAN ST HOSP FIN AUTH REV ASCENSION HLTH SUB CREDIT-A	5.000%	05/01/2012	104.220 / 104.220				1	5
MICHIGAN ST HOSP FIN AUTH REV DETROIT MED CTR OBLIGATED-A	5.250%	08/15/2023	81.001 / 81.001				1	20
MICHIGAN ST HOSP FIN AUTH REV HOSP-ST JOHN HOSP & MED CTR-A	5.250%	05/15/2026			104.163 / 104.375	-57.95% / -62.03%	3	180
MICHIGAN ST HOSP FIN AUTH REV MIDMICHIGAN-A-AMBAC TCRS-BNY	5.000%	04/15/2036			98.098 / 100.000	5.13% / 5.00%	21	1920
MICHIGAN ST HOSP FIN AUTH REV REF-ASCENSION HEALTH GRP-B-2	%	11/15/2026	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	2	100
MICHIGAN ST HOSP FIN AUTH REV REF-HENRY FORD HEALTH SYS-A	5.250%	11/15/2032	97.400 / 97.400		97.500 / 100.000	5.43% / 5.25%	23	740+3
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-BOTSFORD OBLIG-A	4.750%	02/15/2009	100.700 / 101.000				2	105
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-DETROIT MEDICAL GRP-A	5.250%	08/15/2027	93.155 / 93.155				2	20
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-GENESYS REGL MED-A	5.300%	10/01/2011	100.443 / 100.443				3	75
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-HACKLEY HOSP-SER A	5.000%	05/01/2018			100.000 / 100.000	5.00% / 5.00%	1	5
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-HENRY FORD HEALTH-B	%	11/15/2040	100.000 / 100.000				1	600
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-HENRY FORD HEALTH-C	%	11/15/2040			100.000 / 100.000	0.00% / 0.00%	1	+1
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-OAKWOOD OBLIG GRP-A	5.000%	07/15/2025			97.536 / 98.287	5.22% / 5.15%	13	750
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-SPARROW OBLIGATED	5.000%	11/15/2021			100.000 / 100.000	5.00% / 5.00%	1	25
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-SPARROW OBLIGATED	5.000%	11/15/2036	95.000 / 95.000				1	+1
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-SPARROW-MBIA IBC	5.000%	11/15/2036			98.700 / 101.200	5.09% / 4.84%	30	730+1
MICHIGAN ST HOSP FIN AUTH REV REF-MCLAREN HLTH-A-MBIA IBC	5.000%	06/01/2028			101.196 / 101.196	4.00% / 4.00%	1	30
MICHIGAN ST HOSP FIN AUTH REV REF-MERCY MT CLEMENS-SER A	5.750%	05/15/2029	102.989 / 103.419				4	80
MICHIGAN ST HOSP FIN AUTH REV REF-MIDMICHIGAN OBLIG GRP-A	5.300%	06/01/2014	100.500 / 100.500				1	25
MICHIGAN ST HOSP FIN AUTH REV REF-OAKWOOD OBLIG GRP-SER A	5.000%	08/15/2031	95.751 / 95.751		99.990 / 99.990	5.00% / 5.00%	5	200
MICHIGAN ST HOSP FIN AUTH REV REF-SPARROW OBLIGATED GROUP	5.000%	11/15/2036			99.239 / 100.750	5.05% / 4.87%	16	940
MICHIGAN ST HOSP FIN AUTH REV REF-ST JOHN HLTH SYS-SER A	5.000%	05/15/2018			105.062 / 105.062	-17.07% / -17.07%	2	320
MICHIGAN ST HOSP FIN AUTH REV REF-TRINITY HEALTH CREDIT-C	5.375%	12/01/2030			102.000 / 102.000	4.89% / 4.89%	3	30
MICHIGAN ST HOSP FIN AUTH REV REF-TRINITY HEALTH CREDIT-D	5.000%	08/15/2034	97.000 / 97.000				1	250
MICHIGAN ST HOSP FIN AUTH REV TRINITY HEALTH CR GROUP-SER A	5.000%	12/01/2026	97.500 / 97.500		97.500 / 97.500	5.21% / 5.21%	5	100
MICHIGAN ST HOSP FIN AUTH REV TRINITY HEALTH CR GROUP-SER A	5.000%	12/01/2031			98.625 / 98.625	5.10% / 5.10%	1	20
MICHIGAN ST HOSP FIN AUTH REV UNREFUNDED BALANCE-SER P	5.250%	08/15/2008			101.259 / 101.259	2.25% / 2.25%	1	10
MICHIGAN ST HOSP FIN AUTH REV VAR-REF-OSF HEALTHCARE SYS-C	%	11/15/2024	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	3	300+1
MICHIGAN ST HOSP FIN AUTH REV VAR-TRINITY HEALTH CREDIT-E	%	12/01/2038	100.000 / 100.000				63	12025+13
MICHIGAN ST HOSP FIN AUTH REV VAR-TRINITY HEALTH CREDIT-F	%	12/01/2038	100.000 / 100.000				51	12725+9
MICHIGAN ST HOSP FIN AUTH REV VAR-TRINITY HEALTH CREDIT-H	%	11/01/2040			100.000 / 100.000		1	+1
MICHIGAN ST HSG DEV AUTH LTD OBLIG REV VAR-JAS NONPROFIT HSG CORP VI	%	06/01/2025	100.000 / 100.000				1	100
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV AMT-SER D	4.125%	10/01/2014			100.538 / 100.538	4.03% / 4.03%	1	25
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV AMT-SER D	4.500%	10/01/2017			100.366 / 100.366	4.45% / 4.45%	1	25
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV AMT-SER D	5.100%	10/01/2022			98.980 / 99.980	5.20% / 5.10%	46	720
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV SER B	3.850%	04/01/2013			101.473 / 101.473	3.53% / 3.53%	2	80
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV TAXABLE-VAR-SER C	%	10/01/2020	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	2	135+1
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV VAR-AMT-SER A	%	10/01/2039			100.000 / 100.000	0.00% / 0.00%	1	+1
MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV AMT-SER B2	%	06/01/2024	100.000 / 100.000		100.000 / 100.000		2	+2
MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV TAXABLE-SER C	%	12/01/2020	100.000 / 100.000		100.000 / 100.000		2	+2
MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV VAR-AMT-SER A	%	06/01/2020	100.000 / 100.000		100.000 / 100.000		2	+2
MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV VAR-SER A	%	12/01/2016	100.000 / 100.000		100.000 / 100.000		2	+2
MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV VAR-TAXABLE-SER C	%	06/01/2030	100.000 / 100.000		100.000 / 100.000		5	+5
MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV VAR-TAXABLE-SER C	%	12/01/2036	100.000 / 100.000		100.000 / 100.000		2	1710
MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV VAR-TAXABLE-SER C	%	06/01/2039	100.000 / 100.000		100.000 / 100.000		2	400
MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV VAR-TAXABLE-SER D	%	12/01/2036	100.000 / 100.000		100.000 / 100.000		2	200
MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV VAR-TAXABLE-SER G	%	12/01/2038			100.000 / 100.000		1	+1
MICHIGAN ST NAT RES COMMN ST PK REV	4.000%	10/15/2016			102.101 / 102.101	3.50% / 3.50%	1	50
MICHIGAN ST STRATEGIC FD LTD OBLIG REV ADJ-GRAND TRAVERSE STAMPING PJ	%	09/01/2008	100.000 / 100.000				1	300
MICHIGAN ST STRATEGIC FD LTD OBLIG REV ADJ-GRAND TRAVERSE STAMPING PJ	%	09/01/2009	100.000 / 100.000				1	300
MICHIGAN ST STRATEGIC FD LTD OBLIG REV ADJ-REF-LOUISIANA-PACIFIC CORP	%	09/01/2009	100.000 / 100.000				1	790
MICHIGAN ST STRATEGIC FD LTD OBLIG REV MICH HOUSE REP FACS-SER A	5.000%	10/15/2018			106.775 / 109.034	4.10% / 4.10%	10	440
MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-DETROIT EDISON CO-SER A	5.550%	09/01/2029	96.055 / 96.055		101.950 / 101.950	4.93% / 4.93%	7	215
MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-NSF INTL PROJ	5.250%	08/01/2026	96.586 / 96.586				3	210
MICHIGAN ST STRATEGIC FD LTD OBLIG REV TAXABLE-MICH HSE REP FACS-B	4.000%	10/15/2011					2	1260
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-AMERN CANCER SOCIETY PROJ	%	06/01/2037	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	2	820
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-APOLLO PLATING INC PROJ	%	12/01/2021	100.000 / 100.000				1	415
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-DETROIT EDISON EXEMPT-CT	%	12/01/2036			100.000 / 100.000	0.00% / 0.00%	2	+2
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-DJB GROUP LLC PROJ	%	02/01/2040	100.000 / 100.000		100.000 / 100.000		3	615
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-FERRIS COFFEE & NUT CO PJ	%	08/01/2025	100.000 / 100.000				1	215
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-FERRIS COFFEE & NUT PJ	%	08/01/2020	100.000 / 100.000				1	165
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-FREDERICK WOLFGANG INDS PJ	%	09/01/2026			100.000 / 100.000		1	140
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-GENESEE PACKAGING INC PJ	%	09/01/2011	100.000 / 100.000				1	135
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-GOODWILL INDS DETROIT PJ	%	03/01/2012	100.000 / 100.000				1	100
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-GRAND RAPIDS ART MUSEUM-A	%	05/01/2041	100.000 / 100.000				1	450
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-HAUSBECK PICKLE CO PROJ	%	03/01/2030	100.000 / 100.000				1	25
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-JOY PPTYS L L C PROJ	%	05/01/2017	100.000 / 100.000				1	100
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-KAM INDS LLC PROJ	%	09/01/2021	100.000 / 100.000				1	100
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-KENT QUALITY FOOD INC PJ	%	04/01/2027			100.000 / 100.000		1	55
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-KERKSTRA PRECAST INC PROJ	%	02/01/2022			100.000 / 100.000		1	100
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-LUTHERAN HOMES MICH PJ	%	09/01/2017	100.000 / 100.000				1	90
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-MANS PROJ-SER A	%	11/01/2020			100.000 / 100.000		1	+1
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-PIERCE FNDTN PROJ	%	10/01/2040			100.000 / 100.000		2	495
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-REF-DETROIT ED-B-TRANCHE I	%	09/01/2030			100.000 / 100.000		2	75
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-REF-DETROIT EDISON-SER DT	%	08/01/2029	100.000 / 100.000				1	25
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-REF-DETROIT-B-TRANCHE II	%	09/01/2030	100.000 / 100.000		100.000 / 100.000		4	+4
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-REF-HAVEN PARK CHRISTIAN	%	02/01/2029			100.000 / 100.000		1	25
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-STEPHENSON LAND CO LLC PJ	%	06/01/2012			100.000 / 100.000		1	110
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-TEAM INDUSTRIES INC PJ	%	03/01/2023			100.000 / 100.000		1	500
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-VAN ANDEL RESEARCH INST PJ	%	11/01/2027	100.000 / 100.000				1	250
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-WHTEHALL INDS INC PROJ	%	03/01/2025			100.000 / 100.000		1	+1
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-YMCA GREATER GRAND RAPIDS	%	07/01/2034	100.000 / 100.000		100.000 / 100.000		2	50
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-YMCA GREATER GRAND RAPIDS	%	07/01/2034			100.000 / 100.000		1	45
MICHIGAN ST TRUNK LINE FD	5.000%	09/01/2013			106.842 / 106.842	3.61% / 3.61%	1	10
MICHIGAN ST TRUNK LINE FD	5.000%	11/01/2020			103.539 / 103.539	4.50% / 4.50%	2	80
MICHIGAN ST TRUNK LINE FD REF	5.250%	10/01/2013			108.564 / 108.564	3.21% / 3.21%	2	20
MICHIGAN ST TRUNK LINE FD REF	5.250%	11/01/2014			109.349 / 109.349	3.65% / 3.65%	2	30
MICHIGAN ST TRUNK LINE FD REF	5.500%	11/01/2018	113.699 / 113.699				1	300
MICHIGAN ST TRUNK LINE FD REF-SER A	5.250%	11/01/2013			108.876 / 108.876	3.50% / 3.50%	2	20
MICHIGAN ST TRUNK LINE FD SER A	4.125%	11/01/2008			101.016 / 101.016	2.50% / 2.50%	2	75
MICHIGAN ST TRUNK LINE FD SER A	5.500%	11/01/2010					1	10
MICHIGAN ST TRUNK LINE FD SER A	5.000%	11/01/2025	108.666 / 108.666		108.743 / 108.756	2.47% / 2.47%	3	+3
MICHIGAN ST UNIV REVS VAR-GEN-SER 2000-A	%	08/15/2030	100.000 / 100.000		100.000 / 100.000		2	200
MICHIGAN ST UNIV REVS VAR-GEN-SER A	%	08/15/2030	100.000 / 100.000		100.000 / 100.000		4	2000+2
MICHIGAN ST UNIV REVS VAR-TAXABLE-GEN-SER B	%	08/15/2022	100.000 / 100.000				3	500
MICHIGAN ST UNIV REVS VAR-TAXABLE-GEN-SER C	%	02/15/2033	100.000 / 100.000				1	300
MICHIGAN TOB SETTLEMENT FIN AUTH TOB SETTLEMENT ASSET SR-SER A	6.000%	06/01/2048			99.000 / 99.000	6.07% / 6.07%	4	35
MONROE CNTY MICH WTR SUPPLY SYS-ERIE TWP SYS 1	4.200%	05/01/2012			102.670 / 102.670	3.50% / 3.50%	3	75
MONROE CNTY MICH HOSP FIN AUTH HOSP REV REF-MERCY MEM HOSP CORP OBLIG	5.500%	06/01/2035			92.362 / 92.368	6.08% / 6.08%	4	70
MOUNT CLEMENS MICH CMNTY SCH DIST SCH BLDG & SITE	5.000%	05/01/2031	104.350 / 104.350				1	10
MOUNT PLEASANT MICH SCH DIST REF	5.750%	05/01/2008	100.700 / 100.700				1	100
MOUNT PLEASANT MICH SCH DIST REF	5.150%	05/01/2013	100.200 / 100.200				1	300
MUSKEGON CNTY MICH BLDG AUTH REF	4.800%	09/01/2015			103.524 / 103.524	3.00% / 3.00%	1	10
NEW HAVEN MICH CMNTY SCHS SCH BLDG & SITE	5.000%	05/01/2028					2	800
NEWAYGO MICH PUB SCHS	5.750%	05/01/2018			105.532 / 105.532	3.05% / 3.05%	1	10
NORTH BRANCH MICH AREA SCHS LAPEER CNTY SCH BLDG & SITE	3.500%	05/01/2010			102.065 / 102.065	2.50% / 2.50%	1	10
NORTH BRANCH MICH AREA SCHS LAPEER CNTY SCH BLDG & SITE	5.000%	05/01/2015			107.563 / 107.563	3.78% / 3.78%	2	50
NORTHWESTERN MICH COLLEGE MICH REF	5.000%	04/01/2013	107.483 / 107.483				1	75
NOVI MICH BLDG AUTH	5.500%	10/01/2025	107.505 / 107.505				1	50
NOVI MICH CMNTY SCH DIST REF	4.000%	05/01/2016	100.190 / 100.190				3	120
OAKLAND CNTY MICH SUBWATERSHED DRAIN DIST	3.250%	04/01/2011			100.222 / 100.222	3.17% / 3.17%	2	40
OAKLAND CNTY MICH TRIBUTE DRAINAGE DIST	4.350%	04/01/2024			96.500 / 96.500	4.66% / 4.66%	2	75
OAKLAND CNTY MICH BLDG AUTH	4.300%	09/01/2020			100.000 / 100.000	4.30% / 4.30%	3	60
OAKLAND CNTY MICH BLDG AUTH LYONS OAKS PROJ	4.050%	02/01/2009			100.472 / 100.472	2.80% / 2.80%	1	50
OAKLAND CNTY MICH BLDG AUTH SER A	3.750%	09/01/2012			100.690 / 100.690	3.54% / 3.54%	1	25
OAKLAND CNTY MICH BLDG AUTH SER A	4.500%	09/01/2016	99.217 / 99.217				3	15
OAKLAND CNTY MICH ECONOMIC DEV CORP ECONOMIC DEV REV VAR-STRAITH HOSP SPL SURGERY	%	06/01/2034			100.000 / 100.000		1	65
OAKLAND CNTY MICH ECONOMIC DEV CORP LTD OBLIG REV VAR-EVEREST ACADEMY PROJ	%	08/01/2037			100.000 / 100.000		1	245
OAKLAND UNIV MICH REV VAR-GEN	%	03/01/2031	100.000 / 100.000		100.000 / 100.000		4	+4
OAKRIDGE MICH PUB SCHS	4.700%	05/01/2011			100.192 / 100.192	3.23% / 3.23%	2	50
OSCODA MICH AREA SCHS DIST REF	3.150%	05/01/2009			99.995 / 99.995	3.15% / 3.15%	1	25
OXFORD MICH AREA CMNTY SCH DIST	5.000%	05/01/2009			102.905 / 102.905	2.39% / 2.39%	1	175
OXFORD MICH AREA CMNTY SCH DIST	5.000%	05/01/2010	103.727 / 103.727				2	60
OXFORD MICH AREA CMNTY SCH DIST	5.000%	05/01/2031	106.551 / 106.551				1	5
PINCKNEY MICH CMNTY SCHS LIVINGSTON & WASHTENAW CNTYS REF	5.000%	05/01/2011			105.940 / 105.940	3.00% / 3.00%	2	150
PLYMOUTH-CANTON MICH CMNTY SCH DIST	3.000%	05/01/2009			100.666 / 100.666	2.40% / 2.40%	2	80
PLYMOUTH-CANTON MICH CMNTY SCH DIST REF	4.600%	05/01/2016			100.110 / 100.110	3.73% / 3.73%	2	40
PLYMOUTH-CANTON MICH CMNTY SCH DIST REF-SCH BLDG & SITE	3.000%	05/01/2010	100.910 / 100.910				1	200
PLYMOUTH-CANTON MICH CMNTY SCH DIST REF-SCH BLDG & SITE	5.000%	05/01/2012					2	+2
PONTIAC MICH TAX INCREMENT FIN AUTH REV TAX INCREMENT-DEV AREA NO 3	6.375%	06/01/2031			113.825 / 113.825	3.08% / 3.08%	1	+1
PORT HURON MICH AREA SCH DIST REF	4.000%	05/01/2011			101.469 / 101.469	3.50% / 3.50%	2	20
PORTAGE MICH CAP IMPT	4.125%	07/01/2020			97.687 / 98.481	4.37% / 4.29%	3	35
PORTAGE MICH CAP IMPT-SER A	4.100%	07/01/2016			101.720 / 103.518	3.74% / 3.37%	4	200
PORTAGE MICH PUB SCHS SCH BLDG & SITE	4.000%	05/01/2025			90.713 / 90.713	4.80% / 4.80%	5	95
ROCHESTER MICH CMNTY SCH DIST SER II	5.500%	05/01/2016			109.559 / 109.559	2.72% / 2.72%	1	150
ROCHESTER MICH CMNTY SCH DIST SER II	5.500%	05/01/2021	110.022 / 110.022		110.032 / 110.032	2.59% / 2.59%	2	+2
ROMULUS MICH	4.450%	10/01/2013			102.182 / 102.182	3.00% / 3.00%	1	10
ROMULUS MICH CMNTY SCHS	5.750%	05/01/2025	102.856 / 102.856				1	25
ROYAL OAK MICH REF-CAP IMPT-SER B	4.125%	05/01/2014	103.448 / 103.448				3	300
ROYAL OAK MICH HOSP FIN AUTH HOSP REV VAR-WILLIAM BEAUMONT HOSP-S	%	06/15/2040	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	5	800
ROYAL OAK MICH HOSP FIN AUTH HOSP REV W BEAUMONT HOSP-SER K-MBIA IBC	0.000%	11/15/2008	97.435 / 97.435				1	35
SAGINAW CNTY MICH ECONOMIC DEV CORP LTD OBLIG REV VAR-PEACE LUTHERAN SCH PROJ	%	01/01/2033	100.000 / 100.000		100.000 / 100.000		4	480
SAGINAW VY ST UNIV MICH REV REF-GEN	4.375%	07/01/2019	95.425 / 95.425				3	1500
SAGINAW-MIDLAND MICH MUN WTR SUPPLY CORP REV REF-WTR SUPPLY SYS	5.250%	09/01/2014	106.380 / 106.380				3	3000
SALINE MICH AREA SCHS SER A	5.000%	05/01/2012			103.930 / 103.930	3.08% / 3.08%	1	5
SAUK TRAIL ACADEMY MICH CTFS PARTN	8.125%	06/01/2031	18.000 / 18.000				1	20
SOUTH HAVEN MICH PUB SCHS	4.125%	05/01/2023	92.400 / 92.400				1	10
SOUTH LYON MICH CMNTY SCHS	5.500%	05/01/2023	104.796 / 104.796		105.546 / 105.546	2.81% / 2.81%	2	50
SOUTHFIELD MICH ECONOMIC DEV CORP LTD OBLIG REV VAR-LAWRENCE TECH UNIV PJ	%	02/01/2035			100.000 / 100.000		1	+1
SOUTHFIELD MICH PUB SCHS SCH BLDG & SITE-SER B	4.000%	05/01/2010	101.489 / 101.489				1	30
SPRINGFIELD MICH TAX INCREMENT FIN AUTH TAX INCREMENT	5.000%	05/01/2015			102.213 / 102.213	3.00% / 3.00%	1	20
ST JOHNS MICH PUB SCHS REF	3.000%	05/01/2010	99.210 / 99.210				1	10
ST JOHNS MICH PUB SCHS REF	3.250%	05/01/2011			102.189 / 102.189	2.52% / 2.52%	2	135
STAR INTL ACADEMY MICH CTFS PARTN	7.500%	03/01/2023			100.000 / 100.000	7.50% / 7.50%	1	5
STAR INTL ACADEMY MICH CTFS PARTN	8.000%	03/01/2033			102.735 / 102.900	7.49% / 7.46%	2	40
SUPERIOR CENT SCH DIST MICH REF	4.000%	05/01/2019	100.262 / 100.262				3	480
SUPERIOR CENT SCH DIST MICH REF	4.000%	05/01/2020	99.332 / 99.332				3	465
SWAN VALLEY MICH SCH DIST REF-SCH BLDG & SITE	5.000%	05/01/2024			108.557 / 108.557	3.18% / 3.18%	1	200
THREE RIVERS MICH CMNTY SCHS REF	4.900%	05/01/2013	100.084 / 100.084				2	50
TRAVERSE CITY MICH AREA PUB SCHS SCH BLDG & SITE-SER A	3.450%	05/01/2011			100.589 / 100.589	3.25% / 3.25%	2	50
UNIVERSITY MICH UNIV REVS ADJ-REF-HOSP-SER A	%	12/01/2019	100.000 / 100.000		100.000 / 100.000		4	300+2
UNIVERSITY MICH UNIV REVS FLTG-REF-HOSP-SER A-2	%	12/01/2024	100.000 / 100.000		100.000 / 100.000		4	1500
UNIVERSITY MICH UNIV REVS VAR-GEN-SER B	%	04/01/2035	100.000 / 100.000		100.000 / 100.000		3	500
UNIVERSITY MICH UNIV REVS VAR-HOSP-SER B	%	12/01/2037	100.000 / 100.000		100.000 / 100.000		2	650
UTICA MICH	5.000%	10/01/2020			105.173 / 105.173	3.25% / 3.25%	1	35
VAN BUREN TWP MICH LOC DEV FIN AUTH REF-TAX INCREMENT	5.000%	04/01/2016			105.148 / 105.148	4.15% / 4.15%	2	100
WALLED LAKE MICH CONS SCH DIST REF	5.000%	05/01/2011			106.057 / 106.057	2.96% / 2.96%	1	15
WALLED LAKE MICH CONS SCH DIST REF	5.375%	05/01/2013	106.603 / 106.603				1	300
WARREN MICH MICH TRANSN FD	3.750%	06/01/2015			99.100 / 99.100	3.89% / 3.89%	2	30
WARREN MICH CONS SCH DIST	5.000%	05/01/2026	108.666 / 108.666		108.998 / 108.998	4.28% / 2.40%	7	250+6
WARREN MICH CONS SCH DIST REF	5.000%	05/01/2023			102.591 / 102.591	4.61% / 4.61%	2	35
WARREN MICH CONS SCH DIST SCH BLDG & SITE	4.000%	05/01/2017	96.990 / 96.990				1	5
WATERFORD MICH SCH DIST	4.125%	05/01/2022	93.456 / 93.456				1	20
WAYNE CHARTER CNTY MICH ARPT HOTEL-DETROIT MET ARPT-A	5.000%	12/01/2030			99.110 / 99.110	5.07% / 5.07%	2	20
WAYNE CHARTER CNTY MICH CAP IMPT-SER A	4.375%	02/01/2025			96.736 / 98.406	4.66% / 4.51%	6	280
WAYNE CHARTER CNTY MICH CAP IMPT-SER A	4.500%	02/01/2026			98.348 / 99.195	4.64% / 4.57%	4	210
WAYNE CHARTER CNTY MICH TAXABLE-CAP IMPT-SER B	5.500%	02/01/2023			101.717 / 102.489	5.27% / 5.17%	12	450
WAYNE CHARTER CNTY MICH TAXABLE-CAP IMPT-SER B	5.500%	02/01/2024			101.902 / 101.902	5.25% / 5.25%	5	255
WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.250%	12/01/2018	99.808 / 99.808				1	100
WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.000%	12/01/2022			99.100 / 99.100	5.09% / 5.09%	3	45
WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.000%	12/01/2028			92.454 / 92.454	5.62% / 5.62%	2	10
WAYNE CHARTER CNTY MICH ARPT REV DETROIT MET WAYNE CNTY ARPT-B	4.875%	12/01/2023	101.323 / 102.124		102.589 / 102.953	2.60% / 2.10%	6	215
WAYNE CHARTER CNTY MICH ARPT REV DETROIT MET WAYNE CNTY ARPT-B	5.000%	12/01/2028			102.851 / 102.851	2.37% / 2.37%	1	+1
WAYNE CNTY MICH BLDG AUTH-CAP IMPT-SER A	6.000%	06/01/2008	100.598 / 100.598				1	+1
WAYNE CNTY MICH BLDG AUTH-CAP IMPT-SER A	5.250%	06/01/2016			100.200 / 100.200	4.25% / 4.25%	2	400
WAYNE CNTY MICH ARPT AUTH REV AMT-REF-DETROIT MET ARPT-B	%	12/01/2021	100.000 / 100.000		100.000 / 100.000		4	125
WAYNE CNTY MICH ARPT AUTH REV DETROIT MET ARPT-JR LIEN	5.000%	12/01/2025			98.353 / 98.353	5.14% / 5.14%	1	20
WAYNE CNTY MICH ARPT AUTH REV DETROIT MET WAYNE CNTY ARPT	5.250%	12/01/2021					1	+1
WAYNE CNTY MICH ARPT AUTH REV DETROIT MET WAYNE CNTY ARPT	5.250%	12/01/2022			99.500 / 102.405	5.30% / 4.87%	38	1745
WAYNE CNTY MICH ARPT AUTH REV DETROIT MET WAYNE CNTY ARPT	5.250%	12/01/2024	99.441 / 99.441		99.441 / 99.441	5.30% / 5.30%	2	+2
WAYNE CNTY MICH ARPT AUTH REV REF-DETROIT MET ARPT-C	%	12/01/2021	100.000 / 100.000		100.000 / 100.000		5	125
WAYNE CNTY MICH ARPT AUTH REV ROLS RR II R 352	%	12/01/2024	97.765 / 97.765				1	+1
WAYNE ST UNIV MICH UNIV REVS GEN	5.125%	11/15/2029			100.799 / 102.735	4.80% / 4.00%	7	190
WAYNE-WESTLAND CMNTY SCHS MICH REF	3.500%	05/01/2008	99.764 / 99.764				1	100
WEST BLOOMFIELD MICH SCH DIST REF	5.000%	05/01/2012			107.802 / 107.802	2.98% / 2.98%	3	300
WEST BLOOMFIELD MICH SCH DIST REF	4.550%	05/01/2016	100.740 / 100.740				1	70
WEST OTTAWA MICH PUB SCH DIST PREREFUNDED-SCH BLDG & SITE-A	5.000%	05/01/2022			108.097 / 108.097	3.11% / 3.11%	2	50
WEST OTTAWA MICH PUB SCH DIST REF-SER A	3.750%	05/01/2013			100.923 / 100.923	3.55% / 3.55%	1	85
WESTERN MICH UNIV REVS	3.750%	11/15/2013			99.990 / 99.990	3.75% / 3.75%	1	25
WESTERN MICH UNIV REVS	4.000%	11/15/2014			101.755 / 101.755	3.70% / 3.70%	3	90
WHITE CLOUD MICH PUB SCHS	5.125%	05/01/2031			106.311 / 106.311	3.00% / 3.00%	1	50
WHITE LAKE CMNTY LIBR MICH REF	3.250%	05/01/2013			100.000 / 100.000	3.25% / 3.25%	1	100
WHITEHALL MICH DIST SCHS REF	3.750%	05/01/2013			103.280 / 103.280	3.05% / 3.05%	1	525
WIXOM MICH LTD TAX-DEV	3.000%	05/01/2009			100.000 / 100.000	3.00% / 3.00%	2	40
WOODHAVEN BROWNSTOWN MICH SCH DIST REF-SER B	5.000%	05/01/2019			106.684 / 106.684	4.03% / 4.03%	1	30
WYOMING MICH PUB SCHS SCH BLDG & SITE	4.000%	05/01/2018					2	200
WYOMING MICH WTR SUPPLY SYS REV	4.500%	06/01/2032			95.037 / 95.037	4.85% / 4.85%	1	15
YPSILANTI MICH REF-TAXABLE-CAP IMPT-SER B	5.000%	11/01/2016			101.687 / 101.687	4.76% / 4.76%	1	25
YPSILANTI MICH TAXABLE-CAP IMPT	4.750%	05/01/2017	92.750 / 92.750</