Trades and Prices for Michigan: 03/19/2008

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: 03/19/2008.

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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)
ALLEGAN CNTY MICH SAN SWR SYS NO 13-SAUGATUCK	5.250%	10/01/2009			101.836 / 101.836	2.62% / 2.62%	2	100
ALLEGAN CNTY MICH SAN SWR SYS NO 13-SAUGATUCK	5.300%	10/01/2010			101.921 / 101.921	2.50% / 2.50%	2	100
ALLEGAN CNTY MICH SAN SWR SYS NO 13-SAUGATUCK	5.400%	10/01/2011			101.972 / 101.972	2.50% / 2.50%	2	150
ALLEGAN CNTY MICH SAN SWR SYS NO 13-SAUGATUCK	5.500%	10/01/2012			101.763 / 101.763	3.00% / 3.00%	1	75
ALLEGAN CNTY MICH SAN SWR SYS NO 13-SAUGATUCK	5.550%	10/01/2013			101.789 / 101.789	3.00% / 3.00%	1	75
ALLEGAN CNTY MICH SAN SWR SYS NO 13-SAUGATUCK	5.600%	10/01/2014			101.814 / 101.814	3.00% / 3.00%	1	25
ALMONT MICH CMNTY SCHS REF-SCH BLDG & SITE	3.750%	05/01/2014	100.450 / 100.450				1	15
ANCHOR BAY MICH SCH DIST REF	4.150%	05/01/2009	100.504 / 100.504		102.004 / 102.004	2.29% / 2.29%	2	70
ANN ARBOR MICH SCH DIST PUB SCHS SCH BLDG & SITE-MBIA IBC	4.750%	05/01/2029			98.196 / 98.536	4.89% / 4.86%	5	35
ANN ARBOR MICH SEW DISP REV SER XIX	4.000%	07/01/2020			98.230 / 98.230	4.18% / 4.18%	1	15
ANN ARBOR MICH WTR SUPPLY SYS REV REF-SER Y	3.875%	02/01/2013			102.780 / 102.780	3.25% / 3.25%	1	25
ANN ARBOR MICH WTR SUPPLY SYS REV SER Z	3.000%	02/01/2009			100.100 / 100.100	2.88% / 2.88%	3	75
BANGOR MICH ECONOMIC DEV CORP LTD OBLIG REV MALACHI CORP PJ-A	7.500%	05/01/2028	11.500 / 11.500				3	30
BARRY CNTY MICH BLDG AUTH REF	5.500%	07/01/2015	97.500 / 97.500				3	75
BATTLE CREEK MICH REF-DOWNTOWN DEV	5.000%	05/01/2018	108.151 / 108.151		109.407 / 109.407	3.87% / 3.87%	3	300
BATTLE CREEK MICH BLDG AUTH REF-JUSTICE CTR COMPLEX	4.000%	04/01/2021			99.250 / 99.250	4.08% / 4.08%	1	10
BATTLE CREEK MICH DOWNTOWN DEV AUTH REF	5.200%	05/01/2011	100.000 / 100.000				1	20
BAY CITY MICH CAP APPREC	0.000%	06/01/2009			96.537 / 96.537	3.00% / 3.00%	1	15
BAY CITY MICH CAP APPREC	0.000%	06/01/2016	68.090 / 68.090		70.025 / 70.025	4.40% / 4.40%	2	60
BAY CITY MICH SCH DIST	4.250%	05/01/2022	90.572 / 90.572				3	75
BELLEVUE MICH CMNTY SCHS EATON BARRY & CALHOUN CNTYS SCH BLDG & SITE-SER A	5.000%	05/01/2028			100.668 / 100.668	4.92% / 4.92%	2	30
BENDLE MICH PUB SCH DIST SCH BLDG & SITE	5.000%	05/01/2035			98.918 / 101.125	5.07% / 4.83%	7	150
BERKLEY MICH CITY SCH DIST REF	4.600%	01/01/2014			101.109 / 101.109	3.12% / 3.12%	4	100
BISHOP INTL ARPT AUTH MICH REF-SER A	5.000%	12/01/2023	101.500 / 101.500				1	5
BOYNE CITY MICH PUB SCH DIST	5.100%	05/01/2008	100.124 / 100.124		100.254 / 100.254	2.50% / 2.50%	2	220
BOYNE CITY MICH PUB SCH DIST	5.500%	05/01/2009	103.056 / 103.056		103.298 / 103.298	2.44% / 2.44%	2	200
BRECKENRIDGE MICH CMNTY SCH DIST REF	3.250%	05/01/2009					1	360
BRECKENRIDGE MICH CMNTY SCH DIST REF	3.250%	05/01/2010					1	305
BRECKENRIDGE MICH CMNTY SCH DIST REF	3.250%	05/01/2011			101.442 / 101.442	2.76% / 2.76%	2	630
BRECKENRIDGE MICH CMNTY SCH DIST REF	3.250%	05/01/2012			101.185 / 101.185	2.94% / 2.94%	2	640
BRECKENRIDGE MICH CMNTY SCH DIST REF	3.250%	05/01/2013			100.746 / 100.746	3.09% / 3.09%	5	630
BRECKENRIDGE MICH CMNTY SCH DIST REF	4.000%	05/01/2014			104.170 / 104.170	3.24% / 3.24%	2	630
BRECKENRIDGE MICH CMNTY SCH DIST REF	4.000%	05/01/2015					2	640
BRECKENRIDGE MICH CMNTY SCH DIST REF	4.000%	05/01/2016					2	630
BRECKENRIDGE MICH CMNTY SCH DIST REF	4.000%	05/01/2017			103.468 / 103.468	3.55% / 3.55%	2	620
BRECKENRIDGE MICH CMNTY SCH DIST REF	4.000%	05/01/2018			103.272 / 103.272	3.61% / 3.61%	2	610
BRECKENRIDGE MICH CMNTY SCH DIST REF	4.000%	05/01/2019			102.930 / 102.930	3.65% / 3.65%	2	600
BRECKENRIDGE MICH CMNTY SCH DIST REF	4.000%	05/01/2020			102.505 / 102.505	3.70% / 3.70%	2	580
BRECKENRIDGE MICH CMNTY SCH DIST REF	4.000%	05/01/2021			101.576 / 101.576	3.81% / 3.81%	2	570
BRIGHTON MICH AREA SCH DIST CAP APPREC-REF-SER II	0.000%	05/01/2009	74.700 / 74.700				1	50
BROWN CITY MICH CMNTY SCH DIST BLDG & SITE	5.000%	05/01/2026	108.373 / 108.373				1	+1
BYRON CENTER MICH PUB SCHS	5.000%	05/01/2022	99.973 / 99.973				1	10
BYRON CENTER MICH PUB SCHS REF	5.100%	05/01/2013			100.376 / 100.376	1.76% / 1.76%	2	250
BYRON CENTER MICH PUB SCHS REF	3.250%	05/01/2015			99.783 / 99.783	3.28% / 3.28%	2	40
BYRON CENTER MICH PUB SCHS REF	3.750%	05/01/2018			100.432 / 100.707	3.70% / 3.67%	10	250
BYRON CENTER MICH PUB SCHS REF	3.750%	05/01/2019			97.652 / 97.652	4.01% / 4.01%	1	270
BYRON CENTER MICH PUB SCHS REF	4.000%	05/01/2021			98.470 / 98.470	4.15% / 4.15%	1	50
CALEDONIA MICH CMNTY SCHS	5.350%	05/01/2017			104.525 / 104.525	3.10% / 3.10%	1	5
CALEDONIA MICH SAN SEW SYS REV	5.500%	09/01/2020	98.210 / 98.210				3	75
CANTON CHARTER TWP MICH BLDG AUTH WAYNE CNTY	5.500%	10/01/2020			102.630 / 102.630	2.30% / 2.30%	1	500
CARRIER CREEK MICH DRAIN DRAIN DIST NO 326	3.250%	06/01/2008			100.132 / 100.132	2.50% / 2.50%	2	200
CENTRAL MICH UNIV REVS GEN	5.000%	10/01/2018			100.322 / 100.322	4.36% / 4.36%	1	10
CENTRAL MICH UNIV REVS GEN	5.000%	10/01/2023	92.400 / 98.310		100.000 / 100.000	5.00% / 5.00%	4	20
CHARLES STEWART MOTT CMNTY COLLEGE MICH CMNTY COLLEGE FACS	3.500%	05/01/2011			102.497 / 102.497	2.65% / 2.65%	3	30
CHELSEA MICH SCH DIST REF	5.000%	05/01/2025	100.061 / 100.061				1	25
CHIPPEWA VALLEY MICH SCHS REF	4.000%	05/01/2010			102.531 / 102.531	2.75% / 2.75%	1	50
CLARE MICH PUB SCHS BLDG & SITE-SER A	4.875%	05/01/2026	105.170 / 105.170				2	100
CLINTON TWP MICH ECONOMIC DEV CORP LTD OBLIG REV VAR-OMEGA PLASTICS INC PROJ	%	06/01/2019			100.000 / 100.000		1	50
CLINTON-MACOMB MICH PUB LIBR	5.000%	04/01/2012	104.200 / 104.200				1	25
COOPERSVILLE AREA MICH PUB SCHS REF	3.750%	05/01/2008			100.130 / 100.130	2.41% / 2.41%	2	20
DEARBORN MICH SCH DIST REF	5.000%	05/01/2015	105.342 / 105.342		105.342 / 105.342	4.12% / 4.12%	2	60
DEARBORN MICH SCH DIST REF	5.000%	05/01/2016			108.102 / 108.102	3.83% / 3.83%	1	10
DETROIT MICH REF-CAP IMPT-SER B	5.000%	04/01/2017	103.424 / 103.424				1	50
DETROIT MICH SER A	4.000%	04/01/2010			101.824 / 101.824	3.06% / 3.06%	1	15
DETROIT MICH SER A	5.000%	04/01/2018	94.650 / 94.650		98.996 / 98.996	5.13% / 5.13%	6	30
DETROIT MICH TAXABLE-CAP IMPT-SER A-1	4.300%	04/01/2011			100.139 / 100.139	4.25% / 4.25%	1	15
DETROIT MICH CITY SCH DIST REF-SER C	5.250%	05/01/2011			106.449 / 106.449	3.05% / 3.05%	2	50
DETROIT MICH CITY SCH DIST SCH BLDG & SITE IMPT-SER B	5.000%	05/01/2010			104.353 / 104.353	2.85% / 2.85%	1	50
DETROIT MICH CITY SCH DIST SCH BLDG & SITE IMPT-SER B	3.500%	05/01/2011			101.389 / 101.389	3.03% / 3.03%	1	50
DETROIT MICH CITY SCH DIST SER A	5.500%	05/01/2017	110.795 / 110.795		110.836 / 110.836	2.69% / 2.69%	2	+2
DETROIT MICH CITY SCH DIST SER B	5.000%	05/01/2009			102.005 / 102.005	3.13% / 3.13%	4	20
DETROIT MICH CITY SCH DIST SER B	4.750%	05/01/2028	93.537 / 94.362				8	150
DETROIT MICH CONVENTION FAC REV CAP APPREC-REF	0.000%	09/30/2015			72.340 / 72.340	4.36% / 4.36%	1	5
DETROIT MICH CONVENTION FAC REV REF-COBO HALL	5.000%	09/30/2010			104.828 / 104.828	2.99% / 2.99%	2	10
DETROIT MICH DOWNTOWN DEV AUTH TAX INCREMENT REV REF-DEV AREA NO 1 PROJS-A	4.750%	07/01/2018	98.662 / 98.662				1	30
DETROIT MICH ECONOMIC DEV CORP RES RECOVERY REV REF-SER A	4.450%	05/01/2009			101.360 / 101.360	3.18% / 3.18%	8	360
DETROIT MICH LOC DEV FIN AUTH REF-TAX INCREMENT-SR-SER A	5.375%	05/01/2018	94.847 / 94.847		96.041 / 96.041	5.90% / 5.90%	5	180
DETROIT MICH SEW DISP REV CAP APPREC-SER A	0.000%	07/01/2020	53.000 / 53.000				1	100
DETROIT MICH SEW DISP REV PREREFUNDED-REF-SR-LIEN-SER A	5.000%	07/01/2028	107.302 / 107.302		108.127 / 108.127	3.31% / 3.31%	2	50
DETROIT MICH SEW DISP REV SECOND LIEN-SER A	4.500%	07/01/2035	89.840 / 89.840		92.590 / 92.590	5.00% / 5.00%	3	30
DETROIT MICH SEW DISP REV SER A	5.875%	07/01/2022			106.499 / 106.499	2.64% / 2.64%	1	25
DETROIT MICH SEW DISP REV SYS-SECOND LIEN-SER B	5.000%	07/01/2018			105.125 / 105.125	4.26% / 4.26%	2	220
DETROIT MICH SEW DISP REV SYS-SECOND LIEN-SER B	4.625%	07/01/2034			89.806 / 89.806	5.35% / 5.35%	1	5
DETROIT MICH SEW DISP REV UNREFUNDED BAL-REF-SR-LIEN-A	5.000%	07/01/2028			100.000 / 100.000	5.00% / 5.00%	1	5
DETROIT MICH SEW DISP REV VAR-SR LIEN-SER B	%	07/01/2033	100.000 / 100.000		100.000 / 100.000		4	1500
DETROIT MICH WTR SUPPLY SYS REV PREREFUNDED-SECOND LIEN-B	5.000%	07/01/2034	107.506 / 107.506				1	10
DETROIT MICH WTR SUPPLY SYS REV REF-SER B	5.400%	07/01/2010			105.961 / 105.961	2.67% / 2.67%	1	30
DETROIT MICH WTR SUPPLY SYS REV REF-SER B	5.400%	07/01/2011	106.845 / 106.845				1	350
DETROIT MICH WTR SUPPLY SYS REV REF-SR LIEN-SER C	5.000%	07/01/2010	102.877 / 102.877		104.315 / 104.315	3.00% / 3.00%	2	65
DETROIT MICH WTR SUPPLY SYS REV SECOND LIEN-A-RMKT 08/16/06	5.250%	07/01/2014			110.952 / 110.952	3.30% / 3.30%	1	150
DETROIT MICH WTR SUPPLY SYS REV SECOND LIEN-SER B	5.250%	07/01/2032	108.807 / 108.807		109.632 / 109.632	3.25% / 3.25%	2	50
DETROIT MICH WTR SUPPLY SYS REV SR LIEN-SER A	5.125%	07/01/2010			105.105 / 105.105	2.70% / 2.70%	1	25
DETROIT MICH WTR SUPPLY SYS REV SR LIEN-SER A	5.000%	07/01/2034			98.575 / 100.000	5.10% / 5.00%	19	1605
DETROIT MICH WTR SUPPLY SYS REV SR LIEN-SER A	4.500%	07/01/2035	84.573 / 84.573				2	10
DETROIT MICH WTR SUPPLY SYS REV SR LIEN-SER A	6.000%	07/01/2013			112.534 / 112.634	3.38% / 3.36%	5	155
DETROIT MICH WTR SUPPLY SYS REV UNREFUNDED BAL-SR LIEN-SER A	5.000%	07/01/2027	98.211 / 98.211				1	15
DETROIT MICH WTR SUPPLY SYS REV UNREFUNDED BAL-SR LIEN-SER A	5.250%	07/01/2033	106.254 / 106.254				1	5
DETROIT MICH WTR SUPPLY SYS REV VAR-SECOND LIEN-SER B	%	07/01/2036	100.000 / 100.000		100.000 / 100.000		3	+3
DETROIT MICH WTR SUPPLY SYS REV VAR-SR LIEN-SER B	%	07/01/2035			100.000 / 100.000		1	+1
DETROIT/WAYNE CNTY MICH STAD AUTH	5.500%	02/01/2017	100.125 / 100.125		100.934 / 100.934	4.36% / 4.36%	2	45
DETROIT/WAYNE CNTY MICH STAD AUTH	5.250%	02/01/2027	98.751 / 98.751				3	150
DICKINSON CNTY MICH ECONOMIC DEV CORP POLLUTN CTL REV REF-INTL PAPER CO PROJS-SER A	4.800%	11/01/2018			96.500 / 96.500	5.23% / 5.23%	1	50
DOWAGIAC MICH UN SCH DIST	5.000%	05/01/2031			107.020 / 107.020	3.16% / 3.16%	1	35
EAST LANSING MICH LTD TAX-SER A	4.500%	04/01/2027	93.000 / 93.000				1	20
EASTERN MICH UNIV REVS GEN-SER B	5.000%	06/01/2026			106.993 / 106.993	3.20% / 3.20%	2	50
EATON CNTY MICH EATON CNTY BLDG AUTH	4.375%	09/01/2018			101.750 / 101.750	4.15% / 4.15%	2	420
ESCANABA MICH AREA PUB SCHS	5.000%	05/01/2021	106.151 / 106.151				1	50
FENTON CHARTER TWP MICH	4.375%	09/01/2019			99.999 / 101.249	4.38% / 4.20%	11	430
FERRIS ST UNIV MICH REV	3.300%	10/01/2011			102.347 / 102.347	2.60% / 2.60%	1	10
FERRIS ST UNIV MICH REV PREREFUNDED-GEN	5.000%	10/01/2023	100.000 / 100.000				1	5
FLAT ROCK MICH BLDG AUTH	5.900%	08/01/2015	105.116 / 105.116				1	50
FOREST HILLS MICH PUB SCHS REF	4.050%	05/01/2008	99.500 / 99.500				1	25
FRASER MICH PUB SCH DIST SCH BLDG & SITE	5.000%	05/01/2014			108.744 / 108.744	3.40% / 3.40%	2	40
FREELAND MICH CMNTY SCH DIST SCH BLDG & SITE	5.250%	05/01/2021	104.839 / 104.839				1	10
GARDEN CITY MICH	4.850%	10/01/2013			102.316 / 102.316	2.25% / 2.25%	1	35
GAUDIOR ACADEMY MICH CTFS PARTN FULL TERM	7.250%	04/01/2034			100.000 / 100.000	7.25% / 7.25%	1	100
GAYLORD MICH REF	4.000%	10/01/2016	98.241 / 98.241				1	50
GENESEE CNTY MICH WTR SUPPLY SYS	4.250%	11/01/2020			95.298 / 95.298	4.75% / 4.75%	1	25
GEORGE W KUHN DRAIN DIST MICH REF	4.375%	04/01/2024	92.570 / 92.570		95.820 / 95.820	4.75% / 4.75%	2	40
GRAND HAVEN MICH ELEC REV REF	5.250%	07/01/2012	105.810 / 105.810		107.670 / 107.670	3.31% / 3.31%	5	75
GRAND LEDGE MICH PUB SCHS DIST SCH BLDG & SITE	4.750%	05/01/2037			96.183 / 96.183	5.00% / 5.00%	1	25
GRAND RAPIDS MICH BLDG AUTH	4.450%	04/01/2009			101.661 / 101.661	2.78% / 2.78%	4	20
GRAND RAPIDS MICH CMNTY COLLEGE REF	5.000%	05/01/2021			107.629 / 107.629	4.07% / 4.07%	3	300
GRAND RAPIDS MICH CMNTY COLLEGE REF & IMPT	5.250%	05/01/2017			108.592 / 108.592	3.40% / 3.40%	2	150
GRAND RAPIDS MICH ECONOMIC DEV CORP REV VAR-REF-LTD OBLIG-CALDER-SER C	%	10/01/2011			100.000 / 100.000		1	75
GRAND RAPIDS MICH INDL DEV REV VAR-LTD OBLIG-PEARSON FOODS PJ	%	02/01/2028			100.000 / 100.000		1	140
GRAND RAPIDS MICH SAN SWR SYS REV REF & IMPT-SER A	5.375%	01/01/2013			108.604 / 108.604	3.40% / 3.40%	1	25
GRAND RAPIDS MICH SAN SWR SYS REV REF & IMPT-SER A	4.750%	01/01/2028	92.700 / 92.700				1	25
GRAND RAPIDS MICH WTR SUPPLY SYS REV	3.625%	01/01/2010			101.956 / 101.956	2.48% / 2.48%	3	150
GRAND RAPIDS MICH WTR SUPPLY SYS REV REF	5.000%	01/01/2009	100.871 / 100.871				1	25
GRAND VALLEY MICH ST UNIV REV GEN	%	06/01/2020	100.000 / 100.000				2	300
GRAND VALLEY MICH ST UNIV REV GEN	5.200%	02/01/2024	100.749 / 100.749		101.744 / 101.744	3.10% / 3.10%	4	100
GREATER DETROIT RES RECOVERY AUTH MICH REV REF-SER B	6.250%	12/13/2008			102.509 / 102.509	2.60% / 2.60%	1	25
GREENVILLE MICH PUB SCHS	5.300%	05/01/2010	102.445 / 102.445				1	35
GREENVILLE MICH PUB SCHS REF	5.000%	05/01/2023	104.513 / 104.513		104.638 / 104.638	4.42% / 4.42%	2	1000+1
GROSSE ILE TWP MICH SCH DIST	4.000%	05/01/2014			104.440 / 104.440	3.19% / 3.19%	1	25
GROSSE ILE TWP MICH SCH DIST REF	5.000%	05/01/2018			107.721 / 107.721	4.06% / 4.06%	1	150
HAMILTON MICH CMNTY SCHS DIST REF	3.250%	05/01/2009			100.911 / 100.965	2.40% / 2.35%	3	1840
HAMILTON MICH CMNTY SCHS DIST REF	4.000%	05/01/2019			103.357 / 103.357	3.60% / 3.60%	2	800
HAMILTON MICH CMNTY SCHS DIST REF	4.000%	05/01/2022			102.082 / 102.082	3.75% / 3.75%	1	500
HAMILTON MICH CMNTY SCHS DIST REF	5.000%	05/01/2024	100.077 / 100.077				1	65
HARPER WOODS MICH SCH DIST REF-SCH BLDG & SITE	3.500%	05/01/2011			102.363 / 102.363	2.70% / 2.70%	2	100
HARTLAND MICH CONS SCH DIST REF	3.500%	05/01/2013	100.700 / 100.700				1	30
HAZEL PARK MICH WTR SUPPLY & SEW DISP SYS REV	4.100%	05/01/2008	99.993 / 99.993				1	15
HOLLY MICH	4.100%	10/01/2020			99.000 / 99.300	4.20% / 4.17%	4	240
HOLLY VLG MICH WASTEWATER REV	4.800%	10/01/2024			97.771 / 97.771	5.00% / 5.00%	1	20
HOLT MICH PUB SCHS VAR-REF	%	05/01/2030	100.000 / 100.000		100.000 / 100.000		3	3000
HOPKINS MICH PUB SCHS SCH BLDG & SITE	5.000%	05/01/2032			101.400 / 101.500	4.81% / 4.79%	2	100
HUDSONVILLE MICH PUB SCHS REF	4.000%	05/01/2009			101.779 / 101.779	2.35% / 2.35%	1	200
HUDSONVILLE MICH PUB SCHS REF	3.000%	05/01/2011			100.736 / 100.736	2.75% / 2.75%	2	350
HUDSONVILLE MICH PUB SCHS REF	3.625%	05/01/2019			95.757 / 95.757	4.10% / 4.10%	6	1660
HURON CNTY MICH ECONOMIC DEV CORP LTD OBLIG REV VAR-REF-HURON MEM HOSP PROJ	%	10/01/2028	100.000 / 100.000		100.000 / 100.000		2	95
HURON VALLEY MICH SCH DIST REF	3.750%	05/01/2016			101.782 / 101.782	3.50% / 3.50%	1	65
INKSTER BROWNFIELD REDEV AUTH MICH TAXABLE-TAX INCREMENT	6.125%	11/01/2025	97.020 / 97.020				2	65
ISABELLA CNTY MICH BLDG AUTH	4.750%	11/01/2008	100.702 / 100.702				1	50
JACKSON CNTY MICH HOSP FIN AUTH HOSP REV RAMS-WA FOOTE MEM HOSP-SER A	%	06/01/2037	99.967 / 99.967				2	300
JENISON MICH PUB SCHS REF	4.250%	05/01/2008			100.148 / 100.148	2.72% / 2.72%	1	15
JONESVILLE MICH CMNTY SCHS REF	5.000%	05/01/2021			106.390 / 106.514	3.96% / 3.94%	3	270
KALAMAZOO MICH BLDG AUTH REF	4.250%	10/01/2026	89.000 / 89.000				1	25
KALAMAZOO MICH BLDG AUTH TAXABLE	5.250%	10/01/2017			99.000 / 99.000	5.39% / 5.39%	1	45
KALAMAZOO MICH ECONOMIC DEV CORP REV ECONOMIC DEV-HERITAGE-SER A	7.000%	05/15/2022	107.000 / 107.000				3	65
KALAMAZOO MICH HOSP FIN AUTH HOSP FAC REV REF-BRONSON METHODIST HOSP	5.500%	05/15/2010			101.700 / 101.950	0.44% / -1.16%	2	250
KALAMAZOO MICH PUB SCHS REF-BLDG & SITE	5.000%	05/01/2024			106.856 / 106.856	4.00% / 4.00%	1	10
KENOWA HILLS MICH PUB SCHS REF	5.000%	05/01/2013			107.441 / 107.441	3.40% / 3.40%	1	25
KENT CITY MICH CMNTY SCHS UNREFUNDED BALANCE	4.800%	05/01/2023	98.513 / 98.513		100.638 / 100.638	4.58% / 4.58%	2	10
KENT CNTY MICH ARPT FAC REV REF-KENT CNTY INTL ARPT	4.750%	01/01/2018	97.768 / 97.768				3	60
KENT CNTY MICH ARPT REV GERALD R FORD INTL ARPT	5.000%	01/01/2037			96.878 / 99.992	5.07% / 5.00%	14	1505+2
KENT HOSP FIN AUTH MICH REV REF-SPECTRUM HEALTH-SER B	5.000%	07/15/2011			105.760 / 105.760	3.15% / 3.15%	3	160
KENT HOSP FIN AUTH MICH REV VAR-REF-SPECTRUM HLTH-B	%	01/15/2026			100.000 / 100.000	0.00% / 0.00%	1	+1
LAKE SUPERIOR ST UNIV MICH REV GEN	5.250%	11/15/2031			100.300 / 102.300	5.16% / 4.55%	8	175
LAKEVIEW MICH PUB SCH DIST MACOMB CNTY	4.500%	05/01/2010	103.475 / 103.475				1	250
LAKEVIEW MICH PUB SCH DIST MACOMB CNTY	5.000%	05/01/2021			107.565 / 107.565	2.45% / 2.45%	1	100
LAKEWOOD MICH PUB SCHS REF	3.800%	05/01/2009	101.073 / 101.073		101.673 / 101.673	2.25% / 2.25%	4	100
LAMPHERE SCHS OAKLAND CNTY MICH REF	5.000%	05/01/2013	106.611 / 106.611				1	10
LANSING MICH BRD WTR & LT WTR SUPPLY STEAM & ELEC UTIL SYS REF-SER A	5.000%	07/01/2026	100.318 / 100.318		101.093 / 102.943	4.76% / 4.37%	7	245
LANSING MICH BRD WTR & LT WTR SUPPLY STEAM & ELEC UTIL SYS REF-SER B	3.400%	07/01/2010	99.986 / 99.986				2	50
LANSING MICH CMNTY COLLEGE	5.500%	05/01/2014			109.772 / 109.772	2.95% / 2.95%	3	150
LANSING MICH CMNTY COLLEGE	5.500%	05/01/2017			109.574 / 109.574	3.00% / 3.00%	1	50
LANSING MICH CMNTY COLLEGE	4.150%	05/01/2021	96.177 / 96.177				1	15
LANSING MICH SEW DISP SYS REV REF	5.000%	05/01/2010			104.038 / 104.038	3.00% / 3.00%	1	100
LAPEER MICH ECONOMIC DEV CORP REV VAR-DEV-H & H TOOL INC PROJ	%	08/01/2031			100.000 / 100.000		1	500
LINCOLN MICH CONS SCH DIST	5.000%	05/01/2028	100.068 / 100.068				1	15
LINCOLN PK MICH SCH DIST REF	4.000%	05/01/2021			99.492 / 99.492	4.05% / 4.05%	3	110
LINCOLN PK MICH SCH DIST REF	4.125%	05/01/2023			97.794 / 97.794	4.33% / 4.33%	3	30
LIVONIA MICH MUN BLDG AUTH	5.000%	05/01/2027	103.762 / 103.762				1	15
LOWELL MICH AREA SCHS	5.875%	05/01/2010			106.099 / 106.099	2.86% / 2.86%	2	200
LOWELL MICH AREA SCHS CAP APPREC-REF	0.000%	05/01/2011			90.765 / 90.765	3.15% / 3.15%	3	200
MACOMB CNTY MICH BLDG AUTH	4.750%	03/01/2018			103.845 / 103.845	2.69% / 2.69%	1	5
MACOMB CNTY MICH HOSP FIN AUTH HOSP REV MT CLEMENS GEN HOSP-SER B	5.875%	11/15/2034			92.180 / 92.180	6.50% / 6.50%	1	15
MANCHESTER MICH CMNTY SCHS REF-BLDG & SITE	5.000%	05/01/2031	105.261 / 105.261				1	10
MARION TWP MICH REF-SAN SWR NO 1-WTR MAIN EXT	4.150%	06/01/2018			100.955 / 100.955	3.90% / 3.90%	1	65
MARYSVILLE MICH PUB SCHS DIST REF	5.000%	05/01/2018	100.000 / 100.000				1	40
MASON CNTY MICH CENT SCH DIST REF-SER B	5.000%	05/01/2011	107.400 / 107.400		107.500 / 107.500	2.47% / 2.47%	2	110
MAYVILLE MICH CMNTY SCHS SCH BLDG & SITE	4.050%	05/01/2017			100.002 / 100.002	4.05% / 4.05%	1	5
MERIDIAN MICH PUB SCHS DIST SCH BLDG & SITE	5.000%	05/01/2031			97.980 / 101.318	5.15% / 4.80%	7	175
MICHIGAN CITY IND AREA-WIDE SCH BLDG CORP FIRST MTG	4.250%	01/15/2009	101.103 / 101.103				3	300
MICHIGAN HIGHER ED FACS AUTH REV REF-LTD OBLIG-AQUINAS-SER C	5.000%	05/01/2015	99.829 / 99.829				1	10
MICHIGAN HIGHER ED FACS AUTH REV REF-LTD OBLIG-HOPE COLLEGE-A	5.600%	04/01/2026	97.110 / 97.110		101.251 / 101.251	5.25% / 5.25%	4	80
MICHIGAN HIGHER ED FACS AUTH REV REF-LTD OBLIG-KETTERING UNIV	5.000%	09/01/2031			98.638 / 98.638	5.10% / 5.10%	1	5
MICHIGAN HIGHER ED FACS AUTH REV VAR-REF-LTD OBLIG-THOMAS B2	%	07/01/2037	100.000 / 100.000		100.000 / 100.000		11	1500+1
MICHIGAN HIGHER ED FACS AUTH REV VAR-REF-LTD OBLIG-THOMAS-B1	%	07/01/2019	100.000 / 100.000		100.000 / 100.000		15	2215+1
MICHIGAN HIGHER ED FACS AUTH REV VAR-REF-TAXABLE-LTD OBLIG-A	%	07/01/2011	100.000 / 100.000		100.000 / 100.000		11	475
MICHIGAN HIGHER ED STUDENT LN AUTH REV STUDENT LN-SER XVII-I	4.750%	03/01/2018			99.280 / 99.480	4.84% / 4.82%	5	175
MICHIGAN HIGHER ED STUDENT LN AUTH REV STUDENT LN-SER XVII-Q	4.750%	03/01/2017			98.313 / 101.482	4.99% / 4.54%	22	810
MICHIGAN HIGHER ED STUDENT LN AUTH REV STUDENT LN-XVII-A-CONV 6/2/97	5.750%	06/01/2013			100.212 / 100.212	4.50% / 4.50%	1	20
MICHIGAN MUN BD AUTH REV CLEAN WATER REVOLVING FD	5.000%	10/01/2020			104.081 / 104.081	3.75% / 3.75%	1	10
MICHIGAN MUN BD AUTH REV CLEAN WTR REVOLVING FD	5.500%	10/01/2009			104.742 / 104.742	2.30% / 2.30%	4	750
MICHIGAN MUN BD AUTH REV CLEAN WTR REVOLVING FD	5.500%	10/01/2019	104.709 / 104.709		105.159 / 105.159	2.66% / 2.66%	2	50
MICHIGAN MUN BD AUTH REV CLEAN WTR-ST REVOLVING FD	5.000%	10/01/2019	105.392 / 105.392				1	+1
MICHIGAN MUN BD AUTH REV CLEAN WTR-ST REVOLVING FD	5.000%	10/01/2024	101.891 / 101.891		102.500 / 104.150	4.55% / 4.26%	15	3470+1
MICHIGAN MUN BD AUTH REV DRINKING WATER REVOLVING FD	5.000%	10/01/2008			101.191 / 101.191	2.72% / 2.72%	1	20
MICHIGAN MUN BD AUTH REV DRINKING WTR REVOLVING FD	4.750%	10/01/2018			103.353 / 103.353	2.48% / 2.48%	1	10
MICHIGAN MUN BD AUTH REV DRINKING WTR REVOLVING FD	4.750%	10/01/2020	102.645 / 102.645		103.195 / 103.195	2.59% / 2.59%	2	50
MICHIGAN MUN BD AUTH REV DRINKING WTR ST REVOLVING FD	5.250%	10/01/2011			107.461 / 107.461	3.00% / 3.00%	1	20
MICHIGAN MUN BD AUTH REV LOC GOVT LN PG-AMBAC INSD	4.200%	11/01/2008			100.902 / 100.902	2.67% / 2.67%	2	50
MICHIGAN MUN BD AUTH REV LOC GOVT LN PG-SER B-GROUP A	5.000%	12/01/2008			101.563 / 101.563	2.67% / 2.67%	3	30
MICHIGAN MUN BD AUTH REV REF-CLEAN WTR ST REVOLVING FD	5.000%	10/01/2011			107.666 / 107.666	2.70% / 2.70%	2	50
MICHIGAN MUN BD AUTH REV REF-SCH LN-SER A	5.250%	12/01/2011			107.232 / 107.232	3.15% / 3.15%	1	20
MICHIGAN MUN BD AUTH REV SHARING-LOC GOVT LN PROG-D	5.000%	11/01/2027	97.000 / 97.000		98.995 / 100.000	5.08% / 5.00%	9	210+1
MICHIGAN MUN BD AUTH REV ST CLEAN WTR REVOLVING FD	5.000%	10/01/2018	105.885 / 105.885				3	150
MICHIGAN MUN BD AUTH REV ST CLEAN WTR REVOLVING FD	4.375%	10/01/2028	87.868 / 87.868				1	20
MICHIGAN PUB EDL FACS AUTH REV LTD OBLIG-OLD REDFORD PJ-SER A	5.250%	12/01/2022	89.000 / 89.000				1	20
MICHIGAN PUB PWR AGY REV REF-BELLE RIVER PROJ-SER A	5.250%	01/01/2012	105.973 / 105.973				3	300
MICHIGAN ST ENVIRONMENTAL PROG-SER A	5.000%	05/01/2010	103.258 / 103.258				2	50
MICHIGAN ST ENVIRONMENTAL PROG-SER A	5.000%	05/01/2016			107.933 / 107.933	3.85% / 3.85%	1	10
MICHIGAN ST ENVIRONMENTAL PROG-SER A	4.000%	05/01/2019	96.473 / 96.473		99.153 / 99.553	4.09% / 4.05%	9	500
MICHIGAN ST GRANT ANTIC BDS	5.250%	09/15/2021			108.135 / 108.135	4.20% / 4.20%	2	200
MICHIGAN ST GRANT ANTIC BDS	5.250%	09/15/2025			104.099 / 104.099	4.71% / 4.71%	1	+1
MICHIGAN ST GRANT ANTIC BDS	5.250%	09/15/2026			101.344 / 101.344	5.07% / 5.07%	3	+3
MICHIGAN ST BLDG AUTH REV CAP APPREC-IA-FGIC-FSA-CR	0.000%	10/15/2029			30.054 / 30.054	5.66% / 5.66%	2	90
MICHIGAN ST BLDG AUTH REV CAP APPREC-REF-SER IA	0.000%	10/15/2016			69.781 / 69.781	4.25% / 4.25%	1	35
MICHIGAN ST BLDG AUTH REV CAP APPREC-REF-SER IA	0.000%	10/15/2022	43.166 / 43.166				1	20
MICHIGAN ST BLDG AUTH REV CAP APPREC-REF-SER IA	0.000%	10/15/2026			35.243 / 35.243	5.70% / 5.70%	1	100
MICHIGAN ST BLDG AUTH REV CAP APPREC-REF-SER IA	0.000%	10/15/2027			33.002 / 33.002	5.75% / 5.75%	1	75
MICHIGAN ST BLDG AUTH REV CAP APPREC-REF-SER IA	0.000%	10/15/2029			25.584 / 29.086	6.43% / 5.81%	10	160+4
MICHIGAN ST BLDG AUTH REV CAP APPREC-REF-SER IA-AGC-ICC	0.000%	10/15/2021			50.526 / 51.199	5.10% / 5.00%	11	765
MICHIGAN ST BLDG AUTH REV CAP APPREC-REF-SER IA-AGC-ICC	0.000%	10/15/2024			40.425 / 41.680	5.55% / 5.36%	28	6145+2
MICHIGAN ST BLDG AUTH REV FACS PROG-SER I	4.625%	10/15/2008	100.969 / 100.969		101.207 / 101.207	2.42% / 2.42%	4	400
MICHIGAN ST BLDG AUTH REV FACS PROG-SER I	4.750%	10/15/2008	100.890 / 100.890				1	25
MICHIGAN ST BLDG AUTH REV FACS PROG-SER II	5.500%	10/15/2008	101.526 / 101.526		101.699 / 101.699	2.40% / 2.40%	3	765
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER II	4.000%	10/15/2009	101.718 / 101.718				3	450
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER II	5.000%	10/15/2033			100.000 / 100.000	5.00% / 5.00%	1	20
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER III	5.000%	10/15/2026	109.158 / 109.158				1	+1
MICHIGAN ST BLDG AUTH REV ST POLICE COMM SYS	5.000%	10/01/2009	103.430 / 103.430				1	275
MICHIGAN ST BLDG AUTH REV ST POLICE COMMUNICATIONS SYS	5.000%	10/01/2010	104.812 / 104.812		104.812 / 104.812	3.00% / 3.00%	2	50
MICHIGAN ST COMPREHENSIVE TRANSN	4.750%	05/15/2020	106.437 / 106.437				1	110
MICHIGAN ST COMPREHENSIVE TRANSN	4.750%	05/15/2021	106.134 / 106.134				1	100
MICHIGAN ST CTFS PARTN	5.500%	06/01/2027			106.552 / 106.552	2.40% / 2.40%	1	600
MICHIGAN ST HOSP FIN AUTH REV ASCENSION HLTH CREDIT-SER A	6.125%	11/15/2023			107.245 / 107.329	2.20% / 2.15%	5	+5
MICHIGAN ST HOSP FIN AUTH REV ASCENSION HLTH CREDIT-SER A	6.125%	11/15/2026			106.529 / 106.529	2.63% / 2.63%	1	45
MICHIGAN ST HOSP FIN AUTH REV HOSP-OAKWOOD OBLIG GROUP-SER A	5.750%	04/01/2032	96.630 / 96.630				1	25
MICHIGAN ST HOSP FIN AUTH REV MERLOTS-SER K	%	11/15/2023	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	2	+2
MICHIGAN ST HOSP FIN AUTH REV MIDMICHIGAN-A-AMBAC TCRS-BNY	5.000%	04/15/2036			99.996 / 100.000	5.00% / 5.00%	2	45
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%	8	650
MICHIGAN ST HOSP FIN AUTH REV REF-ASCENSION HEALTH GRP-B-4	%	11/15/2026	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	2	750
MICHIGAN ST HOSP FIN AUTH REV REF-HENRY FORD HEALTH SYS-A	5.250%	11/15/2032	97.800 / 97.800		99.309 / 101.194	5.30% / 5.08%	13	550
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-CHELSEA CMNTY HOSP	5.000%	05/15/2012	98.970 / 98.970				1	10
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-HENRY FORD HLTH SYS-A	5.250%	03/01/2011			106.851 / 106.851	2.80% / 2.80%	2	100
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-SPARROW OBLIGATED	4.500%	11/15/2026	89.330 / 89.330		92.830 / 92.830	5.10% / 5.10%	2	20
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-SPARROW-MBIA IBC	5.000%	11/15/2036			98.300 / 100.300	5.11% / 4.96%	91	2635
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-ST JOHN HOSP-SER A	6.000%	05/15/2008			100.328 / 100.328	3.55% / 3.55%	2	50
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-ST JOHN HOSP-SER A	6.000%	05/15/2013			100.405 / 100.405	-0.07% / -0.07%	2	10
MICHIGAN ST HOSP FIN AUTH REV REF-MIDMICHIGAN OBLIG GRP-A	5.375%	06/01/2027	98.162 / 98.162				3	45
MICHIGAN ST HOSP FIN AUTH REV REF-OAKWOOD OBLIG GRP-SER A	5.000%	08/15/2018	100.575 / 100.575				1	10
MICHIGAN ST HOSP FIN AUTH REV REF-OAKWOOD OBLIG GRP-SER A	5.000%	08/01/2026	97.995 / 97.995				1	10
MICHIGAN ST HOSP FIN AUTH REV REF-OAKWOOD OBLIG GRP-SER A	5.000%	08/15/2031	97.210 / 97.210		100.210 / 100.210	4.90% / 4.90%	2	20
MICHIGAN ST HOSP FIN AUTH REV REF-SPARROW OBLIGATED GROUP	5.000%	11/15/2036			100.000 / 100.000	5.00% / 5.00%	1	20
MICHIGAN ST HOSP FIN AUTH REV REF-TRINITY HEALTH CREDIT-D	5.000%	08/15/2025			100.000 / 100.000	5.00% / 5.00%	1	15
MICHIGAN ST HOSP FIN AUTH REV VAR-REF-OSF HEALTHCARE SYS-C	%	11/15/2024			100.000 / 100.000	0.00% / 0.00%	2	125
MICHIGAN ST HSE REPRESENTATIVES CTFS PARTN	5.250%	08/15/2014			107.695 / 107.695	3.88% / 3.88%	1	25
MICHIGAN ST HSG DEV AUTH MULTI-FAMILY REV HSG-LTD OBLIG-GNMA-CRANBROOK-A	5.250%	02/20/2021			102.250 / 102.250	4.84% / 4.84%	1	25
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV AMT-SER D	4.125%	10/01/2014			100.596 / 100.596	4.02% / 4.02%	1	100
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV AMT-SER D	4.500%	10/01/2017			99.235 / 99.235	4.60% / 4.60%	1	30
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV SER B	2.650%	04/01/2008	99.925 / 99.925				1	40
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV SER B	2.950%	04/01/2009	98.698 / 98.698				3	120
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV SER B	3.200%	04/01/2010	98.125 / 98.125				1	40
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	580
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV VAR-AMT-SER A	%	04/01/2035			100.000 / 100.000		1	+1
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV VAR-AMT-SER A	%	10/01/2039	100.000 / 100.000				2	315
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV VAR-SER B	%	04/01/2019	100.000 / 100.000		100.000 / 100.000		2	+2
MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV AMT-INSD-SER B	4.600%	12/01/2008	99.875 / 99.875				1	50
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		2	+2
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		3	900
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 JOB DEV AUTH POLLUTION CTL REV GEN MOTORS CORP-ACCRL 10/1/93	5.550%	04/01/2009	97.200 / 97.200		99.000 / 99.569	6.58% / 6.00%	44	2010
MICHIGAN ST STRATEGIC FD LTD OBLIG REV MICH HOUSE REP FACS-SER A	5.250%	10/15/2021	105.470 / 105.470		108.363 / 108.363	4.26% / 4.26%	3	525+1
MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-DETROIT EDISON CO PJ-SER A	5.500%	06/01/2030	97.500 / 97.750		100.000 / 100.000	5.50% / 5.50%	7	980
MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-DETROIT EDISON CO-SER A	5.550%	09/01/2029	100.249 / 100.249		99.995 / 99.995	5.55% / 5.55%	2	20
MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-DETROIT EDISON POLL CTL-C	5.650%	09/01/2029	98.000 / 98.000				1	25
MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-DETROIT EDISON POLL CTL-C	5.450%	09/01/2029			100.000 / 100.000	5.45% / 5.45%	1	30
MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-DETROIT EDISON-C-XLCA-ICR	5.450%	09/01/2029	97.986 / 97.986		100.000 / 100.000	5.45% / 5.45%	4	100
MICHIGAN ST STRATEGIC FD LTD OBLIG REV UNREFUNDED-PORTER HILLS VLG	5.375%	07/01/2028			94.750 / 94.750	5.82% / 5.82%	1	25
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-APEX SPRING & STAMPING CO	%	06/01/2030			100.000 / 100.000		1	100
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-APEX SPRING&STAMPING CORP	%	07/01/2028	100.000 / 100.000				1	5
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-CENTERLINE ENGINEERING	%	09/01/2042			100.000 / 100.000		2	275
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-DIAGNOSTIC REAL ESTATE LLC	%	08/01/2019			100.000 / 100.000		1	400
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-DIGITAL IMAGING CENTER PJ	%	11/01/2018	100.000 / 100.000		100.000 / 100.000		2	145
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-DRAKE ENTERPRISES PJ	%	06/01/2015			100.000 / 100.000		1	100
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-GENESEE PACKAGING INC PJ	%	12/01/2027	100.000 / 100.000				1	35
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-HAUSBECK PICKLE CO PROJ	%	03/01/2030	100.000 / 100.000				1	385
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-J B LABS INC PJ-B	%	12/01/2014			100.000 / 100.000		1	35
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-KERKSTRA PRECAST INC PROJ	%	02/01/2022			100.000 / 100.000		1	10
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-ORCHESTRA PLACE RENEWAL PJ	%	09/01/2022	100.000 / 100.000				1	700
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-PYPER TOOL PROJ	%	07/01/2026	100.000 / 100.000				1	10
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-REF-CONSUMERS ENERGY CO	%	04/15/2018			100.000 / 100.000	2.35% / 2.35%	8	+8
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-REF-HAVEN PARK CHRISTIAN	%	02/01/2029			100.000 / 100.000		1	75
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-TAXABLE-ENVIRONMENTAL-B	%	10/01/2025	100.000 / 100.000				1	495
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-TRANSMAV TECHNOLOGIES INC	%	12/01/2027			100.000 / 100.000	0.00% / 0.00%	1	300
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-YMCA GREATER GRAND RAPIDS	%	07/01/2034	100.000 / 100.000		100.000 / 100.000		2	90
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-YMCA MET DETROIT PROJ	%	11/01/2033			100.000 / 100.000		1	45
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR/FXD-NSS TECHNOLOGIES PROJ	%	02/01/2010	100.000 / 100.000				1	400
MICHIGAN ST STRATEGIC FD POLLUTION CTL REV ADJ-REF-GEN MTRS CORP	6.200%	09/01/2020	80.337 / 80.337		90.099 / 90.099	7.43% / 7.43%	5	115
MICHIGAN ST TRUNK LINE FD	3.000%	09/01/2009			101.121 / 101.121	2.20% / 2.20%	1	80
MICHIGAN ST TRUNK LINE FD CAP APPREC-SER A	0.000%	08/15/2009			95.948 / 95.948	3.00% / 3.00%	1	30
MICHIGAN ST TRUNK LINE FD CAP APPREC-SER A	0.000%	10/01/2009	94.984 / 94.984		95.684 / 96.223	2.93% / 2.56%	4	240
MICHIGAN ST TRUNK LINE FD CAP APPREC-SER A	0.000%	10/01/2011			89.591 / 89.591	3.15% / 3.15%	7	205
MICHIGAN ST TRUNK LINE FD REF	5.250%	11/01/2021	108.793 / 108.793		109.093 / 109.093	4.36% / 4.36%	2	120
MICHIGAN ST TRUNK LINE FD REF-SER A	5.250%	11/01/2010			106.358 / 106.358	2.70% / 2.70%	1	125
MICHIGAN ST TRUNK LINE FD REF-SER A	5.000%	11/01/2026	96.952 / 96.952				3	45
MICHIGAN ST TRUNK LINE FD REF-SER A-FSA-CR	5.250%	11/01/2011	108.475 / 108.475		108.761 / 108.761	2.68% / 2.68%	2	1000
MICHIGAN ST TRUNK LINE FD REF-SER B	5.000%	09/01/2010	104.522 / 104.522				3	300
MICHIGAN ST TRUNK LINE FD REF-SER B	5.000%	09/01/2014			109.619 / 109.619	3.33% / 3.33%	1	100
MICHIGAN ST UNIV REVS GEN-SER A	5.000%	02/15/2013			107.989 / 107.989	3.22% / 3.22%	3	105
MICHIGAN ST UNIV REVS VAR-GEN-SER A	%	08/15/2032			100.000 / 100.000		2	200
MICHIGAN ST UNIV REVS VAR-TAXABLE-GEN-SER C	%	02/15/2033	100.000 / 100.000				1	400
MILAN MICH AREA SCHS SER A	5.625%	05/01/2008			100.256 / 100.256	2.99% / 2.99%	1	50
MONTABELLA CMNTY SCH DIST MICH MONTCALM ISABELLA MECOSTA CNTY	4.850%	05/01/2009	101.312 / 101.312		102.812 / 102.812	2.25% / 2.25%	2	40
MORRICE MICH AREA SCH DIST SCH BLDG & SITE	4.250%	05/01/2019			101.100 / 101.500		4	120
MORRICE MICH AREA SCH DIST SCH BLDG & SITE	4.375%	05/01/2021			99.885 / 99.885		1	5
MORRICE MICH AREA SCH DIST SCH BLDG & SITE	4.500%	05/01/2022			100.029 / 100.029		1	85
MORRICE MICH AREA SCH DIST SCH BLDG & SITE	4.750%	05/01/2024			102.330 / 102.330		4	115
MORRICE MICH AREA SCH DIST SCH BLDG & SITE	5.000%	05/01/2026			103.602 / 103.602		4	100
MORRICE MICH AREA SCH DIST SCH BLDG & SITE	5.000%	05/01/2027			103.570 / 103.570		1	20
MORRICE MICH AREA SCH DIST SCH BLDG & SITE	5.000%	05/01/2028			100.787 / 102.787		3	85
MORRICE MICH AREA SCH DIST SCH BLDG & SITE	5.000%	05/01/2029			100.500 / 102.500		10	390
MOUNT CLEMENS MICH CMNTY SCH DIST CAP APPREC-REF	0.000%	05/01/2015	74.473 / 74.473		75.350 / 75.350	4.03% / 4.03%	2	70
MOUNT CLEMENS MICH CMNTY SCH DIST SCH BLDG & SITE	5.000%	05/01/2026	106.200 / 106.200		107.024 / 107.024	2.93% / 2.93%	2	55
MUSKEGON HEIGHTS MICH PUB SCHS	5.000%	05/01/2029	102.109 / 102.109		102.634 / 102.634	2.55% / 2.55%	2	50
NEW HAVEN MICH CMNTY SCHS REF-SCH BLDG & SITE	3.500%	05/01/2009			101.022 / 101.022	2.55% / 2.55%	1	25
NORTH BRANCH MICH AREA SCHS LAPEER CNTY SCH BLDG & SITE	5.000%	05/01/2013			108.160 / 108.160	3.25% / 3.25%	2	200
NORTH MUSKEGON MICH PUB SCHS SCH DIST REF-SCH BLDG & SITE	3.850%	05/01/2013			104.186 / 104.186	2.96% / 2.96%	1	25
NORTHERN MICH UNIV REVS GEN	5.000%	12/01/2025	97.250 / 97.250		99.875 / 99.875	5.01% / 5.01%	2	10
NORTHERN MICH UNIV REVS GEN-SER A	4.000%	12/01/2015			103.541 / 103.541	3.47% / 3.47%	2	1275
NORTHERN MICH UNIV REVS GEN-SER A	4.000%	12/01/2019			100.000 / 100.992	4.00% / 3.88%	6	240
NORTHERN MICH UNIV REVS GEN-SER A	5.000%	12/01/2038			100.000 / 100.000	5.00% / 5.00%	1	55
NORTHERN MICH UNIV REVS VAR-GEN	%	06/01/2031	100.000 / 100.000		100.000 / 100.000	8.50% / 8.50%	2	2000
NORTHVILLE MICH PUB SCHS SCH BLDG & SITE	3.250%	05/01/2010			101.011 / 101.011	2.75% / 2.75%	2	30
NORTHWESTERN MICH CMNTY COLLEGE PREREFUNDED-IMPT	5.750%	04/01/2020			105.166 / 105.166	2.23% / 2.23%	1	155
OAKLAND CNTY MICH REF-BIRMINGHAM DRAINAGE DIST	4.500%	10/01/2013			102.214 / 102.214	3.00% / 3.00%	2	40
OAKLAND CNTY MICH ROCHESTER HILLS WTR SUPPLY	4.000%	04/01/2011			102.863 / 103.009	3.00% / 2.95%	2	60
OAKLAND CNTY MICH BRD CNTY RD COMMRS MICH TRANSN FD NTS	4.650%	08/01/2008	100.160 / 100.160		100.564 / 100.564	3.00% / 3.00%	2	50
OAKLAND CNTY MICH ECONOMIC DEV CORP ECONOMIC DEV REV VAR-STRAITH HOSP SPL SURGERY	%	06/01/2034			100.000 / 100.000		1	50
OAKLAND CNTY MICH ECONOMIC DEV CORP LTD OBLIG REV VAR-MOODY FAMILY LTD PROJ	%	09/01/2011			100.000 / 100.000		1	100
OAKLAND UNIV MICH REV VAR-GEN	%	03/01/2031	100.000 / 100.000				1	+1
OCEOLA TWP MICH SPL ASSMT-LTD TAX	5.000%	05/01/2022	96.850 / 96.850				3	30
OKEMOS MICH PUB SCH DIST CAP APPREC-REF	0.000%	05/01/2021	51.314 / 51.314				1	50
ORCHARD VIEW MICH SCHS SCH BLDG & SITE	5.125%	05/01/2033	108.000 / 108.000				1	25
OTSEGO MICH PUB SCHS DIST SCH BLDG & SITE	3.000%	05/01/2010	99.300 / 99.300		100.300 / 100.300	2.85% / 2.85%	2	10
OTSEGO MICH PUB SCHS DIST UNREFUNDED BAL-SCH BLDG & SITE	5.000%	05/01/2023	106.171 / 106.171				2	20
OTTAWA CNTY MICH LTD TAX-WTR SUPPLY SYS	5.000%	08/01/2015			109.773 / 109.773	3.48% / 3.48%	1	10
OVID ELSIE MICH AREA SCHS SCH BLDG & SITE	5.000%	05/01/2032	109.476 / 109.476		109.657 / 109.657	2.75% / 2.75%	2	+2
OXFORD MICH AREA CMNTY SCH DIST REF	4.500%	05/01/2025					2	110
OXFORD MICH AREA CMNTY SCH DIST REF	4.500%	05/01/2027	90.880 / 90.880				1	5
PAW PAW MICH PUB SCH DIST SCH BLDG & SITE	4.000%	05/01/2013	103.497 / 103.497				2	100
PENINSULA TWP MICH GREEN SPACE PRESERVATION	3.875%	11/01/2013	101.977 / 101.977		104.477 / 104.477	3.00% / 3.00%	2	55
PETOSKEY MICH HOSP FIN AUTH LTD OBLIG REV REF-NORTHERN MICH HOSPS OBLIG	5.000%	11/15/2027	98.578 / 98.578				1	5
PETOSKEY MICH PUB SCH DIST REF	3.500%	05/01/2011			101.615 / 101.615	2.95% / 2.95%	2	100
PINCKNEY MICH CMNTY SCHS LIVINGSTON & WASHTENAW CNTYS REF	5.000%	05/01/2012	106.238 / 106.238				1	50
PLYMOUTH-CANTON MICH CMNTY SCH DIST REF	4.500%	05/01/2008			100.184 / 100.184	2.61% / 2.61%	1	25
PLYMOUTH-CANTON MICH CMNTY SCH DIST REF	4.500%	05/01/2010	100.085 / 100.085		100.245 / 100.245	2.01% / 2.01%	4	200
PLYMOUTH-CANTON MICH CMNTY SCH DIST REF	4.625%	05/01/2023	100.017 / 100.017				2	50
PONTIAC MICH HOSP FIN AUTH HOSP REV NOMC OBLIG GROUP	6.000%	08/01/2018			69.500 / 69.500	11.01% / 11.01%	2	40
PONTIAC MICH SEW DISP REV	6.250%	01/01/2010			99.900 / 99.900	6.30% / 6.30%	3	15
PORTAGE MICH BLDG AUTH	4.600%	09/01/2015	101.888 / 101.888				2	30
RAVENNA MICH PUB SCHS	5.000%	05/01/2014	102.109 / 102.109				1	20
RICHMOND MICH CMNTY SCH DIST REF	4.350%	05/01/2010	101.088 / 101.088				1	25
RIVER ROUGE MICH SCH DIST REF	5.000%	05/01/2022			102.504 / 102.504	4.39% / 4.39%	1	15
ROCHESTER MICH CMNTY SCH DIST REF-SER I	5.375%	05/01/2011			105.738 / 105.738	2.55% / 2.55%	1	50
ROMULUS MICH	4.600%	10/01/2014			102.354 / 102.354	3.00% / 3.00%	2	100
ROSEVILLE MICH CMNTY SCHS REF-SCH BLDG & SITE	4.000%	05/01/2010			102.510 / 102.510	2.76% / 2.76%	1	50
ROYAL OAK MICH CAP IMPT-SER A	4.000%	05/01/2021			97.809 / 97.809	4.22% / 4.22%	3	30
ROYAL OAK MICH BLDG AUTH	3.000%	06/01/2009			100.677 / 100.677	2.41% / 2.41%	4	140
ROYAL OAK MICH HOSP FIN AUTH HOSP REV VAR-WILLIAM BEAUMONT HOSP-R	%	06/15/2040	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	25	2750+7
ROYAL OAK MICH HOSP FIN AUTH HOSP REV VAR-WILLIAM BEAUMONT HOSP-S	%	06/15/2040	100.000 / 100.000		100.000 / 100.000	8.23% / 0.00%	46	6450+10
SAGINAW VY ST UNIV MICH REV GEN-SER A	4.125%	07/01/2008			100.396 / 100.396	2.60% / 2.60%	1	10
SAGINAW VY ST UNIV MICH REV REF-GEN	5.000%	07/01/2034			97.954 / 100.000	5.14% / 5.00%	12	405
SAGINAW-MIDLAND MICH MUN WTR SUPPLY CORP REV REF-WTR SUPPLY SYS	5.250%	09/01/2014			108.128 / 108.128	3.44% / 3.44%	2	800
SALINE MICH AREA SCHS REF	%	05/01/2030	100.000 / 100.000		100.000 / 100.000		3	3000
SALINE MICH AREA SCHS SER A	5.750%	05/01/2018	107.030 / 107.030				1	+1
SALINE MICH AREA SCHS SER A	5.375%	05/01/2019	106.266 / 106.266		106.372 / 106.372	2.25% / 2.25%	2	+2
SALINE MICH AREA SCHS SER A	5.375%	05/01/2020	106.266 / 106.266				1	+1
SALINE MICH AREA SCHS SER A	5.375%	05/01/2021	106.266 / 106.266				1	+1
SALINE MICH AREA SCHS SER A	5.375%	05/01/2022	106.266 / 106.266		106.372 / 106.372	2.25% / 2.25%	2	+2
SAND CREEK MICH CMNTY SCH DIST SCH BLDG	5.125%	05/01/2018			103.773 / 103.773	3.24% / 3.24%	1	50
SCHOOLCRAFT MICH CMNTY SCH DIST REF	4.600%	05/01/2015	100.916 / 100.916				1	25
SHELBY CHARTER TWP MICH REF	3.000%	11/01/2009			101.026 / 101.026	2.30% / 2.30%	2	620
SHELBY CHARTER TWP MICH REF	3.000%	11/01/2010			101.447 / 101.447	2.40% / 2.40%	2	800
SHELBY CHARTER TWP MICH REF	3.000%	11/01/2011			101.497 / 101.497	2.55% / 2.55%	2	195
SHELBY CHARTER TWP MICH REF	3.000%	11/01/2012			101.051 / 101.051	2.75% / 2.75%	3	755
SHELBY CHARTER TWP MICH REF	3.000%	11/01/2013			100.252 / 100.252	2.95% / 2.95%	1	600
SHELBY CHARTER TWP MICH REF	3.250%	11/01/2014			100.876 / 100.876	3.10% / 3.10%	1	100
SHELBY CHARTER TWP MICH REF	5.500%	11/01/2015			115.228 / 115.228	3.20% / 3.20%	1	770
SHELBY CHARTER TWP MICH REF	5.500%	11/01/2016			116.190 / 116.190	3.30% / 3.30%	1	765
SHELBY CHARTER TWP MICH REF	5.500%	11/01/2017			116.927 / 116.927	3.40% / 3.40%	1	750
SHIAWASSEE CNTY MICH OWOSSO DRAIN DIST	3.900%	06/01/2017	99.243 / 99.243				1	50
SOUTH LYON MICH CMNTY SCHS REF	5.000%	05/01/2015	104.600 / 104.600				3	45
SOUTH LYON MICH CMNTY SCHS REF	5.000%	05/01/2017			108.073 / 109.948	3.70% / 3.41%	6	485
SOUTH LYON MICH CMNTY SCHS SCH BLDG AND SITE	3.500%	05/01/2009			101.185 / 101.185	2.40% / 2.40%	2	80
SOUTH LYON MICH CMNTY SCHS SER A	5.375%	05/01/2009	100.793 / 100.793		102.422 / 102.422	3.12% / 3.12%	3	20
SOUTHFIELD MICH TRANSN FD	3.750%	05/01/2016	98.131 / 98.131				2	50
SOUTHFIELD MICH LIBR BLDG AUTH	5.250%	05/01/2016	105.150 / 105.150		105.589 / 105.589	2.50% / 2.50%	2	1000
SOUTHFIELD MICH PUB SCHS SCH BLDG & SITE-SER B	4.000%	05/01/2009			100.853 / 100.853	3.20% / 3.20%	1	5
SOUTHGATE MICH CMNTY SCH DIST	5.000%	05/01/2019			102.693 / 102.693	2.50% / 2.50%	1	10
SOUTHGATE MICH CMNTY SCH DIST PREREFUNDED	5.000%	05/01/2025	100.800 / 100.800				3	50
SOUTHGATE MICH CMNTY SCH DIST UNREFUNDED BALANCE	5.000%	05/01/2025	100.800 / 100.800		102.364 / 102.364	2.80% / 2.80%	4	60
ST JOSEPH MICH SCH DIST	5.500%	05/01/2019			107.467 / 107.467	3.28% / 3.28%	2	10
STANDISH-STERLING MICH CMNTY SCHS	5.150%	05/01/2028	100.056 / 100.056				1	25
STERLING HEIGHTS MICH MICH TRANSN FD	4.650%	10/01/2013	100.434 / 100.434				1	10
STOCKBRIDGE MICH CMNTY SCHS	5.625%	05/01/2026	106.776 / 106.776				1	+1
STURGIS MICH BLDG AUTH STURGIS HOSP PROJ	4.300%	10/01/2022			93.729 / 93.729	4.91% / 4.91%	1	35
SUMMIT ACADEMY NORTH MICH PUB SCH ACADEMY CTFS PARTN	8.375%	07/01/2030	109.000 / 109.000		111.336 / 111.336	3.15% / 3.15%	4	100
TECUMSEH MICH PUB SCHS REF	5.000%	05/01/2015	108.699 / 108.699				1	250
THREE RIVERS MICH CMNTY SCHS REF	5.000%	05/01/2022	105.095 / 105.095		105.812 / 105.812	4.29% / 4.29%	4	800
UNIVERSITY MICH UNIV REVS AD