Trades and Prices for Michigan: 06/30/2008

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: 06/30/2008.

Please be patient, this page takes a few seconds to load on a 56K modem.

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)
ADRIAN MICH CITY SCH DIST REF	4.250%	05/01/2030			90.825 / 90.825	4.94% / 4.94%	6	70
ALGONAC MICH CMNTY SCHS SCH BLDG & SITE-SER I	3.250%	05/01/2013			99.442 / 99.442	3.38% / 3.38%	2	50
ALMA MICH PUB SCHS SCH BLDG & SITE	3.600%	05/01/2012	100.468 / 100.468				1	100
ALMONT MICH CMNTY SCHS REF	3.500%	05/01/2013			99.556 / 99.556	3.60% / 3.60%	2	50
ANCHOR BAY MICH SCH DIST SCH BLDG & SITE-SER II	5.750%	05/01/2030			105.399 / 105.951	2.70% / 2.40%	2	1150
ANN ARBOR MICH MICH TRANSN FD-BROADWAY BR PJ	4.500%	06/01/2022	95.793 / 95.793				1	5
ANN ARBOR MICH REF	4.000%	09/01/2008			100.284 / 100.284	2.20% / 2.20%	2	100
ANN ARBOR MICH SCH DIST PUB SCHS SCH BLDG & SITE	4.500%	05/01/2011	103.284 / 103.284		103.484 / 103.484	3.20% / 3.20%	2	100
ARMADA MICH AREA SCHS REF	4.000%	05/01/2011	100.360 / 100.360				1	100
BATTLE CREEK MICH REF-DOWNTOWN DEV-AMBAC-FSA-CR	5.000%	05/01/2022			104.287 / 105.788	4.46% / 4.27%	7	700
BAY CITY MICH ELEC UTIL REV REF & IMPT	3.500%	01/01/2012			101.314 / 101.314	3.10% / 3.10%	3	550
BAY DE NOC MICH CMNTY COLLEGE DIST REF-CMNTY COLLEGE FACS & SITE	4.000%	05/01/2013	100.266 / 100.750		102.416 / 102.416	3.45% / 3.45%	4	215
BIRMINGHAM MICH CITY SCH DIST REF	5.000%	11/01/2011	103.618 / 103.618				1	50
BISHOP INTL ARPT AUTH MICH REF-SER A	5.000%	12/01/2023	97.512 / 97.512				2	10
BOYNE CITY MICH PUB SCH DIST REF	4.000%	05/01/2012	102.675 / 102.675		103.221 / 103.221	3.10% / 3.10%	2	400
BRIGHTON MICH AREA SCH DIST CAP APPREC-REF-SER I	0.000%	05/01/2009			98.049 / 98.049	2.39% / 2.39%	2	30
BRIGHTON TWP MICH SAN SWR DRAIN DIST REF	4.000%	10/01/2012			102.947 / 102.947	3.25% / 3.25%	3	900
BRUCE TWP MICH HOSP FIN AUTH HEALTH CARE SYS REV ADJ SISTERS CHAR-ST JOSEPH-A	%	05/01/2018	100.000 / 100.000				1	900
CALEDONIA MICH CMNTY SCHS	5.000%	05/01/2012			103.708 / 103.708	2.90% / 2.90%	1	10
CALEDONIA MICH CMNTY SCHS	4.125%	05/01/2019			99.778 / 99.778	4.15% / 4.15%	1	250
CALHOUN CNTY MICH REF-WESTERN CALHOUN CNTY	4.000%	11/01/2016	99.003 / 99.003				1	10
CANTON CHARTER TWP MICH CAP IMPT	4.375%	10/01/2021	97.129 / 97.129				3	75
CANTON CHARTER TWP MICH CAP IMPT	4.375%	10/01/2022			98.174 / 98.174	4.55% / 4.55%	1	20
CANTON CHARTER TWP MICH BLDG AUTH WAYNE CNTY	4.750%	10/01/2010	103.660 / 103.660				1	25
CARMAN-AINSWORTH CMNTY SCH DIST MICH UNREFUNDED BALANCE	5.000%	05/01/2027	97.000 / 97.000				2	10
CENTRAL MICH UNIV REVS CAP APPREC	0.000%	10/01/2015	71.562 / 71.562				1	20
CHARLES STEWART MOTT CMNTY COLLEGE MICH CMNTY COLLEGE FACS	5.000%	05/01/2015			105.307 / 105.307	4.10% / 4.10%	2	230
CHARLEVOIX MICH PUB SCH DIST SCH BLDG & SITE	3.500%	05/01/2015			99.996 / 99.996	3.50% / 3.50%	1	25
CHELSEA MICH ECONOMIC DEV CORP LTD OBLIG REV REF-UTD METHODIST RETIREMENT	5.400%	11/15/2018			99.992 / 99.992	5.40% / 5.40%	1	5
CHELSEA MICH ECONOMIC DEV CORP LTD OBLIG REV VAR-REF-SILVER MAPLES OBLIG	%	10/01/2036	100.000 / 100.000		100.000 / 100.000		2	200
CHELSEA MICH SCH DIST REF	5.000%	05/01/2012			105.729 / 106.431	3.39% / 3.20%	5	545
CHIPPEWA VALLEY MICH SCHS REF	3.250%	05/01/2009	99.646 / 99.646				1	50
CHIPPEWA VALLEY MICH SCHS REF	4.000%	05/01/2019			98.388 / 98.388	4.19% / 4.19%	1	15
CHIPPEWA VALLEY MICH SCHS SCH BLDG & SITE	5.000%	05/01/2010	103.158 / 103.158				1	25
CHIPPEWA VALLEY MICH SCHS SCH BLDG & SITE	5.000%	05/01/2011			105.101 / 105.106	3.10% / 3.10%	2	70
CHIPPEWA VALLEY MICH SCHS SCH BLDG & SITE-SER I	5.000%	05/01/2026	103.909 / 103.909				1	15
CLINTON-MACOMB MICH PUB LIBR	5.000%	04/01/2020			104.020 / 104.020	3.45% / 3.45%	1	20
CLINTONDALE MICH CMNTY SCHS SCH BLDG & SITE	4.200%	05/01/2021	94.500 / 94.500				1	20
COMSTOCK PARK MICH PUB SCHS REF	3.250%	05/01/2010			101.747 / 101.747	2.27% / 2.27%	2	50
COOPERSVILLE AREA MICH PUB SCHS	5.000%	05/01/2029	101.493 / 101.493				1	40
COOPERSVILLE AREA MICH PUB SCHS PREREFUNDED	5.000%	05/01/2024	101.508 / 101.508				1	15
COOPERSVILLE AREA MICH PUB SCHS UNREFUNDED BALANCE	5.000%	05/01/2024	101.508 / 101.508				1	15
DEARBORN HEIGHTS MICH REF-WASTEWTR DISP SYS	4.900%	05/01/2010			100.950 / 100.950	2.01% / 2.01%	1	75
DEARBORN MICH SCH DIST	4.000%	05/01/2009			101.424 / 101.424	2.25% / 2.25%	2	50
DEARBORN MICH SCH DIST REF	5.000%	05/01/2014	106.000 / 106.000				1	225
DELHI TWP MICH DOWNTOWN DEV	4.000%	11/01/2016			102.930 / 102.930	3.59% / 3.59%	2	80
DELHI TWP MICH DOWNTOWN DEV	4.000%	11/01/2017			101.494 / 101.494	3.81% / 3.81%	2	50
DELHI TWP MICH DOWNTOWN DEV	4.000%	11/01/2022			99.500 / 99.500	4.05% / 4.05%	3	30
DELHI TWP MICH DOWNTOWN DEV	4.125%	11/01/2024			100.000 / 100.000	4.12% / 4.12%	5	105
DELHI TWP MICH REF	2.600%	05/01/2010			100.175 / 100.175	2.50% / 2.50%	2	50
DELTA SECT 17 DRAIN DIST MICH	4.000%	06/01/2015			102.113 / 102.113	3.65% / 3.65%	2	100
DETROIT MICH REF-CAP IMPT-SER B	5.000%	04/01/2015	98.325 / 98.325				3	750
DETROIT MICH REF-SER B	5.000%	04/01/2018			105.436 / 105.436	4.31% / 4.31%	1	45
DETROIT MICH REF-SER C	5.000%	04/01/2012			104.878 / 104.878	3.59% / 3.59%	1	50
DETROIT MICH REF-SER C	5.000%	04/01/2016			106.015 / 106.015	4.08% / 4.08%	2	20
DETROIT MICH REV ANTIC NTS	%	03/31/2009			101.198 / 101.198	1.88% / 1.88%	1	+1
DETROIT MICH SER A	5.000%	04/01/2019			102.787 / 104.787	4.64% / 4.39%	6	335
DETROIT MICH SER A	5.000%	04/01/2021			103.423 / 103.902	4.56% / 4.50%	4	165
DETROIT MICH SER A	5.000%	04/01/2024			101.316 / 102.316	4.83% / 4.70%	3	145
DETROIT MICH SER B	5.250%	04/01/2011			103.621 / 103.621	3.65% / 3.65%	1	100
DETROIT MICH TAX ANTIC NTS	%	03/31/2009			101.258 / 101.258	1.80% / 1.80%	6	+6
DETROIT MICH CITY SCH DIST REF-SCH BLDG & SITE IMPT-SER A	5.000%	05/01/2016	104.398 / 104.398				1	125
DETROIT MICH CITY SCH DIST REF-SCH BLDG & SITE IMPT-SER A	5.000%	05/01/2018	104.007 / 104.007				1	+1
DETROIT MICH CITY SCH DIST REF-SCH BLDG & SITE IMPT-SER A	5.000%	05/01/2024			99.350 / 101.377	5.06% / 4.76%	5	110
DETROIT MICH CITY SCH DIST REF-SER C	5.250%	05/01/2011	103.710 / 103.710				2	50
DETROIT MICH CITY SCH DIST SCH BLDG & SITE IMPT-SER A	6.000%	05/01/2020	106.675 / 106.675				3	750
DETROIT MICH CITY SCH DIST SCH BLDG & SITE IMPT-SER B	5.000%	05/01/2033	95.643 / 95.643		100.000 / 101.671	5.00% / 4.61%	4	50
DETROIT MICH CITY SCH DIST SER B	5.375%	05/01/2015			103.613 / 103.613	2.15% / 2.15%	2	30
DETROIT MICH CITY SCH DIST SER B-FGIC-FSA-CR	4.750%	05/01/2028	95.181 / 95.181		97.500 / 99.400	4.95% / 4.80%	11	1100+1
DETROIT MICH DOWNTOWN DEV AUTH TAX INCREMENT REV CAP APPREC	0.000%	07/01/2015	68.600 / 68.600		70.792 / 70.792	5.00% / 5.00%	2	70
DETROIT MICH LOC DEV FIN AUTH REF-TAX INCREMENT-SR-SER A	5.375%	05/01/2018	86.640 / 86.640				1	50
DETROIT MICH RETIREMENT SYS FDG TR 2006 CTFS PARTN TAXABLE-SER A-BHAC-CR	5.989%	06/15/2035			101.232 / 101.232	5.90% / 5.90%	2	80
DETROIT MICH SEW DISP REV SECOND LIEN-SER A	4.500%	07/01/2035			95.926 / 95.926	4.77% / 4.77%	1	10
DETROIT MICH SEW DISP REV SECOND LIEN-SER D-2	5.500%	07/01/2032	103.244 / 103.330		104.527 / 104.527		12	600
DETROIT MICH SEW DISP REV VAR-REF-SR LIEN-SER C-1	%	07/01/2027	100.000 / 100.000		100.000 / 100.000		2	1500
DETROIT MICH SEW DISP REV VAR-SR LIEN-SER B	%	07/01/2033			100.000 / 100.000		2	1000+1
DETROIT MICH WTR SUPPLY SYS REV REF-SECOND LIEN-SER C-RMKT	5.750%	07/01/2027			108.936 / 108.936	4.62% / 4.62%	1	15
DETROIT MICH WTR SUPPLY SYS REV REF-SECOND LIEN-SER C-RMKT	4.500%	07/01/2029	95.380 / 95.380				6	225
DETROIT MICH WTR SUPPLY SYS REV SECOND LIEN-SER A	5.300%	07/01/2009	102.450 / 102.450		102.650 / 102.650	2.58% / 2.58%	2	1000
DETROIT MICH WTR SUPPLY SYS REV SECOND LIEN-SER B	5.250%	07/01/2020			105.809 / 105.809	3.20% / 3.20%	3	720
DETROIT MICH WTR SUPPLY SYS REV SECOND LIEN-SER B	5.250%	07/01/2032			108.630 / 108.630	3.36% / 3.36%	2	100
DETROIT MICH WTR SUPPLY SYS REV SR LIEN-B-RMKT 08/16/06	5.000%	07/01/2016			104.143 / 104.143	4.38% / 4.38%	1	10
DETROIT MICH WTR SUPPLY SYS REV SR LIEN-B-RMKT 08/16/06	5.000%	07/01/2017			103.628 / 105.003	4.46% / 4.25%	2	75
DETROIT MICH WTR SUPPLY SYS REV SR LIEN-SER A	5.000%	07/01/2011			105.996 / 105.996	2.90% / 2.90%	2	50
DETROIT MICH WTR SUPPLY SYS REV SR LIEN-SER A	5.750%	07/01/2026			105.368 / 105.368	2.72% / 2.72%	1	125
DETROIT MICH WTR SUPPLY SYS REV UNREFUNDED BAL-SECOND LIEN-B	5.000%	07/01/2034			92.946 / 94.446	5.51% / 5.40%	5	60
DUNDEE MICH CMNTY SCH DIST SCH BLDG & SITE	5.375%	05/01/2027	104.101 / 104.101		105.001 / 105.001	2.56% / 2.56%	4	300
EMMET MICH CMNTY HEALTH PPTYS REV VAR-NORTHWEST MICH CMTY HEALTH	%	06/01/2020			100.000 / 100.000		1	10
FARMINGTON MICH CMNTY LIBR	4.450%	05/01/2013			100.463 / 100.463	3.00% / 3.00%	1	20
FENTON MICH AREA PUB SCHS SCH BLDG & SITE	4.500%	05/01/2025			98.313 / 99.250	4.64% / 4.56%	7	170
FERRIS ST UNIV MICH REV GEN	5.250%	10/01/2026	100.250 / 100.250				1	50
FLAT ROCK MICH CMNTY SCH DIST SCH BLDG & SITE	3.500%	05/01/2013			100.000 / 100.000	3.50% / 3.50%	1	5
FOWLERVILLE MICH CMNTY SCHS SCH DIST	5.000%	05/01/2034			100.000 / 100.000	5.00% / 5.00%	1	5
GALESBURG-AUGUSTA MICH CMNTY SCHS	5.500%	05/01/2030	104.056 / 104.056				2	100
GARDEN CITY MICH REF	4.100%	05/01/2013			101.057 / 101.057	3.86% / 3.86%	2	90
GARDEN CITY MICH SCH DIST REF	5.000%	05/01/2026	102.101 / 102.101				1	5
GOBLES MICH PUB SCHS REF	4.000%	05/01/2012			102.606 / 102.606	3.27% / 3.27%	1	50
GODWIN HEIGHTS MICH PUB SCHS SCH BLDG & SITE-SER A	4.200%	05/01/2016			101.330 / 101.330	4.00% / 4.00%	1	10
GRAND HAVEN MICH AREA PUB SCHS REF	3.150%	05/01/2010			100.236 / 100.236	3.02% / 3.02%	2	50
GRAND LEDGE MICH DOWNTOWN DEV BONDS	4.250%	05/01/2010	99.670 / 99.670				1	15
GRAND RAPIDS MICH BLDG AUTH	4.800%	08/01/2009			102.852 / 102.852	2.11% / 2.11%	2	70
GRAND RAPIDS MICH ECONOMIC DEV CORP REV VAR-REF-LTD OBLIG-CALDER-SER C	%	10/01/2011	100.000 / 100.000		100.000 / 100.000		3	100
GRAND RAPIDS MICH PUB SCHS SCH BLDG & SITE	4.250%	05/01/2023	96.410 / 96.410		99.360 / 99.360	4.31% / 4.31%	3	300
GRAND RAPIDS MICH PUB SCHS CTFS PARTN	5.000%	11/01/2021			102.930 / 102.930	4.25% / 4.25%	1	15
GRAND RAPIDS MICH SAN SWR SYS REV	5.000%	01/01/2034	99.640 / 99.640				2	50
GRAND RAPIDS MICH SAN SWR SYS REV REF & IMPT-SER A	5.375%	01/01/2016	102.814 / 102.814				3	45
GRAND TRAVERSE CNTY MICH HOSP FIN AUTH HOSP REV REF-MUNSON HEALTHCARE-SER A	4.750%	07/01/2022			100.000 / 100.000	4.75% / 4.75%	1	25
GRAND VALLEY MICH ST UNIV REV REF-GEN-SER A	5.000%	12/01/2014			105.604 / 105.604	4.00% / 4.00%	1	10
GRANDVILLE MICH PUB SCHS DIST REF	5.000%	05/01/2014			108.327 / 108.327	3.41% / 3.41%	1	100
GRATIOT CNTY MICH ECONOMIC DEV CORP LTD OBLIG ECONOMIC DEV REF-MICH MASONIC HOME PROJ	5.000%	11/15/2020	91.087 / 91.087				3	15
GREEN OAK TWP MICH SPL ASSMT-WTR	4.750%	05/01/2021			101.793 / 101.793	4.24% / 4.24%	1	20
GREENVILLE MICH PUB SCHS REF	5.000%	05/01/2021			104.000 / 104.000	3.50% / 3.50%	1	25
GROSSE POINTE MICH PUB SCH SYS REF	4.375%	05/01/2020			100.833 / 101.127	4.26% / 4.22%	3	80
GROSSE POINTE MICH PUB SCH SYS SCH BLDG & SITE	4.750%	05/01/2023	103.010 / 103.010				1	10
HANCOCK MICH HOSP FIN AUTH REV FHA-INSD MTG-PORTAGE HLTH	5.450%	08/01/2047	100.000 / 100.000		100.000 / 100.000	5.33% / 5.33%	2	40
HANCOCK MICH PUB SCHS SCH BLDG & SITE	5.250%	05/01/2024			107.825 / 107.825	4.26% / 4.26%	2	45
HARPER CREEK MICH CMNTY SCH DIST PREREFUNDED	5.125%	05/01/2031			105.721 / 105.721	3.00% / 3.00%	1	100
HARPER CREEK MICH CMNTY SCH DIST SCH BLDG & SITE	4.000%	05/01/2015			101.285 / 101.285	3.78% / 3.78%	3	60
HARTLAND MICH CONS SCH DIST SCH BLDG & SITE	4.000%	05/01/2016	99.290 / 99.290				1	100
HAZEL PARK MICH DOWNTOWN DEV	4.850%	11/01/2013			100.430 / 100.430	3.52% / 3.52%	1	30
HEMLOCK MICH PUB SCH DIST	4.125%	05/01/2012			101.875 / 101.875	3.52% / 3.52%	2	200
HOLLY VLG MICH WASTEWATER REV	4.200%	10/01/2017			99.999 / 99.999	4.20% / 4.20%	1	10
HOLT MICH PUB SCHS SER A	5.500%	05/01/2023	104.840 / 104.840		104.865 / 104.865	2.75% / 2.75%	3	300
HOLT MICH PUB SCHS VAR-REF	%	05/01/2030	100.000 / 100.000				1	400
HOWELL MICH PUB SCHS REF	5.250%	05/01/2012			105.125 / 105.125	3.33% / 3.33%	2	200
JACKSON CNTY MICH WASTEWTR DISP FAC	4.500%	04/01/2022			98.983 / 98.983	4.60% / 4.60%	3	190
JACKSON CNTY MICH HOSP FIN AUTH HOSP REV W.A. FOOTE MEM HOSP-SER A	5.000%	06/01/2010	100.200 / 100.200				1	250
JONESVILLE MICH CMNTY SCHS REF	5.000%	05/01/2017			105.062 / 105.062	4.14% / 4.14%	1	50
KALAMAZOO MICH CAP IMPT	4.125%	10/01/2020			100.250 / 100.250	4.09% / 4.09%	1	15
KALAMAZOO MICH CAP IMPT	4.250%	10/01/2021			99.283 / 99.283	4.32% / 4.32%	1	10
KALAMAZOO MICH CAP IMPT	4.375%	10/01/2023			100.250 / 100.250	4.34% / 4.34%	2	60
KALAMAZOO MICH BLDG AUTH	5.375%	10/01/2022			103.810 / 103.810	2.25% / 2.25%	2	50
KALAMAZOO MICH BLDG AUTH	5.125%	10/01/2026	96.670 / 96.670				1	10
KALAMAZOO MICH HOSP FIN AUTH HOSP FAC REV BRONSON METHODIST HOSP	%	05/01/2036	100.000 / 100.000				1	+1
KALAMAZOO MICH HOSP FIN AUTH HOSP FAC REV REF-BORGESS MED CTR-SER A	5.000%	06/01/2013	100.899 / 100.899				3	150
KALAMAZOO MICH HOSP FIN AUTH HOSP FAC REV REF-BRONSON HOSP-A-RMK 4/30/08	4.000%	05/15/2011	101.622 / 101.622		102.212 / 102.212	3.19% / 3.19%	3	105
KALAMAZOO MICH HOSP FIN AUTH HOSP FAC REV REF-BRONSON HOSP-A-RMK 4/30/08	4.000%	05/15/2012	101.356 / 101.356		102.224 / 102.429	3.38% / 3.32%	6	440
KALAMAZOO MICH WTR REV REF-WTR SUPPLY SYS	5.000%	09/01/2010			104.310 / 104.310	2.92% / 2.92%	4	20
KELLOGG MICH CMNTY COLLEGE LTD TAX	4.000%	10/01/2012	98.287 / 98.287		100.000 / 100.000	4.00% / 4.00%	2	50
KENT CNTY MICH LTD TAX-CAP IMPT	4.000%	06/01/2013	103.316 / 103.316		103.976 / 103.976	3.12% / 3.12%	3	450
KENT CNTY MICH ARPT REV GERALD R FORD INTL ARPT	5.000%	01/01/2037			102.080 / 102.080	4.70% / 4.70%	1	10
KENT HOSP FIN AUTH MICH REV MET HOSP PJ-SER A	5.250%	07/01/2030	84.978 / 84.978		85.343 / 89.026	6.51% / 6.17%	12	3540
KENT HOSP FIN AUTH MICH REV MET HOSP PJ-SER A	6.000%	07/01/2035	92.926 / 92.926		93.176 / 93.176	6.54% / 6.54%	2	2000
LAKE LINDEN-HUBBELL PUB SCHS MICH SCH BLDG & SITE	4.000%	05/01/2017			100.736 / 100.736	3.90% / 3.90%	1	50
LAKESHORE MICH PUB SCHS BERRIEN CNTY REF	5.000%	05/01/2014			104.625 / 104.625	3.27% / 3.27%	2	50
LAKEVIEW MICH PUB SCH DIST MACOMB CNTY	5.000%	05/01/2018	103.857 / 103.857				2	100
LAKEVIEW MICH PUB SCH DIST MACOMB CNTY SCH BLDG & SITE	5.000%	05/01/2023			105.877 / 105.877	4.26% / 4.26%	3	45
LANSE CREUSE MICH PUB SCHS REF	5.000%	05/01/2013					2	40
LANSING MICH MICH TRANSN FD	3.250%	05/01/2010					1	20
LANSING MICH MICH TRANSN FD	3.250%	05/01/2011			100.116 / 100.116	3.21% / 3.21%	3	60
LANSING MICH MICH TRANSN FD	3.500%	05/01/2013					1	15
LANSING MICH CMNTY COLLEGE	5.000%	05/01/2012			105.797 / 105.797	3.37% / 3.37%	2	40
LANSING MICH SCH DIST REF-SCH BLDG & SITE	5.000%	05/01/2015	104.117 / 104.117				2	50
LAPEER MICH ECONOMIC DEV CORP REV VAR-DEV-H & H TOOL INC PROJ	%	08/01/2031			100.000 / 100.000		1	105
LAWTON MICH CMNTY SCHS PREREFUNDED	5.000%	05/01/2031	104.511 / 104.511				1	45
LIVINGSTON CNTY MICH REGL SAN SWR-HARTLAND TWP-A	4.250%	11/01/2014			103.073 / 103.073	3.70% / 3.70%	2	100
LIVINGSTON CNTY MICH SEW DISPOSAL-HANDY TWP IMPTS	4.150%	06/01/2018	98.290 / 98.290				2	60
LOWELL MICH AREA SCHS REF	4.300%	05/01/2026			97.268 / 97.268	4.52% / 4.52%	4	80
LYON TWP MICH SPL ASSMT-SER C	3.600%	05/01/2013			100.790 / 101.465	3.15% / 2.77%	7	220
MACOMB CNTY MICH REF-MICH TRANSN FD	3.250%	12/01/2011					1	15
MACOMB CNTY MICH BLDG AUTH	4.500%	11/01/2025			100.000 / 100.000	4.50% / 4.50%	2	70
MEMPHIS MICH CMNTY SCHS REF	5.250%	05/01/2029	100.546 / 100.546				1	20
MERIDIAN MICH PUB SCHS DIST	5.250%	05/01/2018	103.652 / 103.652		104.077 / 104.077	2.94% / 2.94%	4	80
MICHIGAN HIGHER ED FACS AUTH REV VAR-LTD OBLIG-DAVENPORT UNIV	%	06/01/2034	100.000 / 100.000				1	100
MICHIGAN HIGHER ED FACS AUTH REV VAR-REF-LTD OBLIG-THOMAS B2	%	07/01/2037	100.000 / 100.000		100.000 / 100.000		2	440
MICHIGAN HIGHER ED FACS AUTH REV VAR-REF-LTD OBLIG-THOMAS B3	%	07/01/2037	100.000 / 100.000		100.000 / 100.000		4	1800+1
MICHIGAN HIGHER ED FACS AUTH REV VAR-REF-LTD OBLIG-THOMAS-B1	%	07/01/2019	100.000 / 100.000		100.000 / 100.000		2	1400
MICHIGAN HIGHER ED FACS AUTH REV VAR-REF-LTD OBLIG-UNIV DETROIT	%	11/01/2036			100.000 / 100.000		1	+1
MICHIGAN MUN BD AUTH REV CLEAN WTR ST REVOLVING FD	5.250%	10/01/2012			107.535 / 107.535	3.33% / 3.33%	1	75
MICHIGAN MUN BD AUTH REV CLEAN WTR-ST REVOLVING FD	5.000%	10/01/2020	101.189 / 101.189		102.688 / 102.688	4.50% / 4.50%	4	100
MICHIGAN MUN BD AUTH REV DRINKING WTR-ST REVOLVING FD	5.000%	10/01/2016	104.525 / 104.525				1	50
MICHIGAN MUN BD AUTH REV DRINKING WTR-ST REVOLVING FD	5.000%	10/01/2026			102.297 / 102.297	4.57% / 4.57%	1	5
MICHIGAN MUN BD AUTH REV LOC GOVT LN PROG-SER A	4.000%	05/01/2011			101.801 / 101.801	3.33% / 3.33%	1	20
MICHIGAN MUN BD AUTH REV LOC GOVT LN PROG-SER B	3.700%	11/01/2012	97.500 / 97.500				2	40
MICHIGAN MUN BD AUTH REV REF-CLEAN WTR ST REVOLVING FD	5.250%	10/01/2012	106.341 / 106.341				1	45
MICHIGAN MUN BD AUTH REV SCH LN	5.000%	12/01/2008	100.806 / 100.806				1	10
MICHIGAN MUN BD AUTH REV SCH LN	5.250%	12/01/2011	101.667 / 101.667				1	25
MICHIGAN MUN BD AUTH REV SCH LN	5.250%	12/01/2012	102.330 / 102.330		102.384 / 102.384	1.83% / 1.83%	2	1000
MICHIGAN MUN BD AUTH REV VAR-REF-TAXABLE-SCH LN-A-3	%	09/01/2048	100.000 / 100.000				1	+1
MICHIGAN ST ENVIRONMENTAL PROG-SER A	4.500%	05/01/2026			96.253 / 96.253	4.82% / 4.82%	1	10
MICHIGAN ST GRANT ANTIC BDS	5.250%	09/15/2022			105.207 / 107.550	4.55% / 4.25%	6	1415
MICHIGAN ST REF	5.000%	12/01/2008	99.087 / 99.087		99.000 / 99.587	7.46% / 6.00%	5	25
MICHIGAN ST REF	4.100%	12/01/2013			102.188 / 102.188	3.65% / 3.65%	1	25
MICHIGAN ST REF-ENVIRONMENTAL PROG-SER A	5.000%	05/01/2018	106.265 / 106.265				1	50
MICHIGAN ST BLDG AUTH REV CAP APPREC-REF-IA-AGC-ICC	0.000%	10/15/2020			53.894 / 53.894	5.10% / 5.10%	1	80
MICHIGAN ST BLDG AUTH REV CAP APPREC-REF-IA-FGIC-FSA-CR	0.000%	10/15/2019	57.405 / 57.405		58.893 / 58.893	4.75% / 4.75%	4	600
MICHIGAN ST BLDG AUTH REV CAP APPREC-REF-IA-FGIC-FSA-CR	0.000%	10/15/2023			44.115 / 44.115	5.43% / 5.43%	3	2335
MICHIGAN ST BLDG AUTH REV CAP APPREC-REF-IA-FGIC-FSA-CR	0.000%	10/15/2024			42.159 / 42.159	5.38% / 5.38%	7	400
MICHIGAN ST BLDG AUTH REV CAP APPREC-REF-IA-FGIC-FSA-CR	0.000%	10/15/2027			33.614 / 34.342	5.73% / 5.62%	9	535
MICHIGAN ST BLDG AUTH REV CAP APPREC-REF-SER IA	0.000%	10/15/2028			33.269 / 33.269	5.50% / 5.50%	2	130
MICHIGAN ST BLDG AUTH REV REF-FACS PG-I-MBIA IBC-FSA-CR	5.200%	10/15/2021			104.120 / 104.969	3.85% / 3.58%	10	2920
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER 1	5.125%	10/15/2016	100.423 / 100.423		103.047 / 103.047	2.69% / 2.69%	4	40
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER I	5.250%	10/15/2015	105.754 / 105.754				3	345
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER I	5.000%	10/15/2017	100.649 / 100.649		106.738 / 106.738	3.93% / 3.93%	5	150
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER I	5.125%	10/15/2020			104.192 / 104.192	3.75% / 3.75%	2	50
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER II	5.000%	10/15/2009			103.261 / 103.261	2.40% / 2.40%	1	85
MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER II	4.000%	10/15/2009	100.996 / 100.996		101.956 / 101.956	2.44% / 2.44%	4	120
MICHIGAN ST BLDG AUTH REV ST POLICE COMM SYS	4.650%	10/01/2019	97.440 / 97.440				1	60
MICHIGAN ST BLDG AUTH REV ST POLICE COMMUNICATIONS-III	5.500%	10/01/2008			100.769 / 100.969	2.30% / 1.50%	3	500
MICHIGAN ST BLDG AUTH REV ST POLICE COMMUNICATIONS-III	5.500%	10/01/2009			103.499 / 103.499	2.62% / 2.62%	2	100
MICHIGAN ST COMPREHENSIVE TRANSN REF	5.000%	05/15/2031			103.009 / 103.009	4.54% / 4.54%	6	180
MICHIGAN ST HOSP FIN AUTH REV HOSP-CHARITY OBLIG GRP-SER A	5.000%	11/01/2019	99.500 / 99.500				2	30
MICHIGAN ST HOSP FIN AUTH REV HOSP-ST JOHN HOSP & MED CTR-A	5.250%	05/15/2013			102.648 / 102.648	4.63% / 4.63%	1	+1
MICHIGAN ST HOSP FIN AUTH REV MARQUETTE GEN HOSP OBLIG GRP-A	5.000%	05/15/2011			98.000 / 98.000	5.76% / 5.76%	2	30
MICHIGAN ST HOSP FIN AUTH REV MARQUETTE GEN HOSP OBLIG GRP-A	5.000%	05/15/2034			84.626 / 84.626	6.20% / 6.20%	1	70
MICHIGAN ST HOSP FIN AUTH REV MCLAREN HEALTH CARE-SER C	5.000%	08/01/2035			96.404 / 96.404	5.25% / 5.25%	1	20
MICHIGAN ST HOSP FIN AUTH REV REF-HENRY FORD HEALTH SYS-A	5.000%	11/15/2038			94.505 / 96.000	5.37% / 5.26%	7	230
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-DETROIT MED CTR-B	5.200%	08/15/2008			100.221 / 100.221	3.23% / 3.23%	2	40
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-DETROIT MEDICAL GRP-A	5.250%	08/15/2027	85.976 / 89.582		91.625 / 92.118	5.99% / 5.95%	9	140
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-OAKWOOD OBLIG GRP-A	5.000%	07/15/2025			95.300 / 96.659	5.43% / 5.30%	9	185
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-SPARROW OBLIGATED	5.000%	11/15/2023			100.750 / 100.750	4.90% / 4.90%	3	115
MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-ST JOHN HOSP-SER A	6.000%	05/15/2013	103.467 / 103.467				2	150
MICHIGAN ST HOSP FIN AUTH REV REF-MCLAREN HLTH-A-MBIA IBC	5.000%	06/01/2028	96.000 / 96.000				1	5
MICHIGAN ST HOSP FIN AUTH REV REF-MIDMICHIGAN OBLIG GRP-A	5.375%	06/01/2027	99.119 / 99.119				2	30
MICHIGAN ST HOSP FIN AUTH REV REF-OAKWOOD OBLIG GRP-SER A	5.000%	08/01/2026	97.800 / 97.800				2	20
MICHIGAN ST HOSP FIN AUTH REV REF-TRINITY HEALTH-SER A	6.000%	12/01/2027	100.297 / 100.297				1	10
MICHIGAN ST HOSP FIN AUTH REV TRINITY HEALTH CR GROUP-SER A	5.000%	12/01/2031			99.000 / 100.000	5.07% / 5.00%	14	905
MICHIGAN ST HOSP FIN AUTH REV VAR-HEALTHCARE EQUIP LN PG-C	%	12/01/2032			100.000 / 100.000		1	+1
MICHIGAN ST HOSP FIN AUTH REV VAR-HEALTHCARE EQUIP LN PROG-C	%	12/01/2032			100.000 / 100.000	0.00% / 0.00%	1	+1
MICHIGAN ST HOSP FIN AUTH REV VAR-REF-OSF HEALTHCARE SYS-C	%	11/15/2024			100.000 / 100.000	0.00% / 0.00%	3	100
MICHIGAN ST HOSP FIN AUTH REV VAR-TRINITY HEALTH CREDIT-F	%	11/01/2018	100.000 / 100.000				1	400
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV AMT-SER C	5.050%	10/01/2015			99.912 / 100.412	5.06% / 4.88%	4	250
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV AMT-SER D	3.875%	04/01/2012			101.000 / 101.000	3.59% / 3.59%	1	50
MICHIGAN ST HSG DEV AUTH RENTAL HSG REV AMT-SER D	4.750%	04/01/2019			101.186 / 101.186	4.55% / 4.55%	1	25
MICHIGAN ST STRATEGIC FD LTD OBLIG REV ADJ-REF-DOW CHEMICAL PJ-A-2	5.500%	12/01/2028	99.900 / 99.900		99.750 / 100.100	5.56% / 5.48%	4	35+2
MICHIGAN ST STRATEGIC FD LTD OBLIG REV CLARK RETIREMENT CMNTY INC PJ	5.400%	06/01/2028			97.600 / 98.875	5.60% / 5.49%	4	190
MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-AMT-DETROIT ED CO PJ-SER A	4.875%	06/01/2029			98.385 / 98.385	5.00% / 5.00%	1	20
MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-DETROIT EDISON CO-SER A	5.550%	09/01/2029	93.637 / 96.800		96.262 / 99.425	5.86% / 5.60%	4	190
MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-DETROIT EDISON POLL CTL-B	5.650%	09/01/2029			100.000 / 100.000	5.65% / 5.65%	1	20
MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-DETROIT EDISON POLL CTL-C	5.650%	09/01/2029			100.000 / 100.000	5.65% / 5.65%	3	100
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-ADVANCE PACKAGING CORP PJ	%	10/01/2015	100.000 / 100.000				2	20
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-BK HARDWOODS LTD PJ-SER A	%	12/01/2014	100.000 / 100.000				1	75
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-CUSTOM PROFILE INC PROJ	%	05/01/2032			100.000 / 100.000		1	100
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-GUDEL LINEARTEC INC PROJ	%	06/01/2012	100.000 / 100.000				1	200
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-HAUSBECK PICKLE CO PROJ	%	03/01/2030			100.000 / 100.000		1	200
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-LARGO DEV CO PROJ	%	09/01/2010	100.000 / 100.000				1	15
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-MIDBROOK PRODS INC PJ	%	10/01/2014			100.000 / 100.000		1	5
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-PIERCE FNDTN PROJ	%	10/01/2040	100.000 / 100.000		100.000 / 100.000		4	70
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-RAPIDS TUMBLE FINISH INC	%	05/01/2024			100.000 / 100.000		1	200
MICHIGAN ST STRATEGIC FD LTD OBLIG REV VAR-UNIVERSAL FOREST PRODS PJ	%	12/01/2022	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		1	160
MICHIGAN ST STRATEGIC FD REV ADJ-DETROIT SCIENCE CTR PROJ	%	01/01/2031			100.000 / 100.000		1	250
MICHIGAN ST TRUNK LINE FD	5.000%	11/01/2014			107.943 / 107.943	3.58% / 3.58%	1	150
MICHIGAN ST TRUNK LINE FD REF-SER A	5.250%	11/01/2011			106.193 / 106.193	3.27% / 3.27%	4	100
MICHIGAN ST TRUNK LINE FD REF-SER A	5.250%	11/01/2013			107.929 / 107.929	3.60% / 3.60%	2	50
MICHIGAN ST TRUNK LINE FD SER A	5.500%	11/01/2010			105.784 / 105.784	2.91% / 2.91%	3	180
MICHIGAN ST UNIV REVS FLTG-GEN-SER A-2	%	08/15/2022	100.000 / 100.000				1	1000
MICHIGAN ST UNIV REVS REF-GEN-SER B	%	02/15/2026	100.000 / 100.000				1	200
MICHIGAN ST UNIV REVS VAR-GEN	%	02/15/2034	100.000 / 100.000		100.000 / 100.000		3	+3
MICHIGAN ST UNIV REVS VAR-GEN-SER A	%	02/15/2033	100.000 / 100.000				1	200
MICHIGAN ST UNIV REVS VAR-TAXABLE-GEN-SER C	%	02/15/2033	100.000 / 100.000				1	150
MICHIGAN TOB SETTLEMENT FIN AUTH TOB SETTLEMENT ASSET SR-SER A	6.000%	06/01/2048			90.086 / 90.500	6.72% / 6.68%	10	320
MICHIGAN TOB SETTLEMENT FIN AUTH TOB SETTLEMENT ASSET TURBO-SER A	6.875%	06/01/2042			100.000 / 100.000	6.87% / 6.87%	4	290
MIDLAND MICH JUDGMENT FDG	4.125%	05/01/2017			100.915 / 100.915	4.00% / 4.00%	1	50
MIDLAND MICH JUDGMENT FDG	4.125%	05/01/2018			99.955 / 101.005	4.13% / 4.00%	14	400
MIDLAND MICH JUDGMENT FDG	4.250%	05/01/2020			98.263 / 99.078	4.44% / 4.35%	8	94
MIDLAND MICH JUDGMENT FDG	4.250%	05/01/2021			97.390 / 97.390	4.52% / 4.52%	5	105
MIDLAND MICH JUDGMENT FDG	4.375%	05/01/2022			99.950 / 100.375		15	325+1
MIDLAND MICH JUDGMENT FDG	4.375%	05/01/2023			97.178 / 97.178	4.64% / 4.64%	4	100
MILAN MICH AREA SCHS VAR-REF	%	05/01/2030	100.000 / 100.000		100.000 / 100.000		3	900
MILLINGTON MICH CAP IMPT	4.300%	04/01/2021			96.191 / 96.191	4.70% / 4.70%	1	5
MONROE CNTY MICH SEW DISP SYS-DUNDEE SYS NO 3	4.800%	05/01/2020	99.325 / 99.325				1	60
MORENCI MICH AREA SCHS	4.000%	05/01/2014			100.994 / 100.994	3.72% / 3.72%	1	20
MORENCI MICH AREA SCHS	5.000%	05/01/2028			106.991 / 106.991	3.05% / 3.05%	1	20
MOUNT CLEMENS MICH CMNTY SCH DIST SCH BLDG & SITE	4.000%	05/01/2009	100.966 / 100.966				2	50
MOUNT CLEMENS MICH CMNTY SCH DIST SCH BLDG & SITE	5.000%	05/01/2031	104.477 / 104.477				1	25
MOUNT PLEASANT MICH PUB SCHS REF	5.000%	05/01/2013	104.850 / 104.850				3	75
MOUNT PLEASANT MICH PUB SCHS REF	5.000%	05/01/2014			108.753 / 108.753	3.33% / 3.33%	1	25
MUSKEGON CNTY MICH ECONOMIC DEV CORP REV VAR-LTD OBLIG-BAKER COLLEGE	%	12/01/2021	100.000 / 100.000		100.000 / 100.000		2	30
MUSKEGON MICH PUB SCHS BLDG & SITE	4.000%	05/01/2013			100.871 / 100.871	3.80% / 3.80%	2	60
NEW HAVEN MICH CMNTY SCHS UNREFUNDED BAL-SCH BLDG & SITE	5.000%	05/01/2024	100.922 / 100.922				1	10
NORTH GRATIOT INTERCEPTOR DRAIN DRAIN DIST MICH PHASE I	4.000%	05/01/2014			102.611 / 102.611	3.50% / 3.50%	1	15
NORTH GRATIOT INTERCEPTOR DRAIN DRAIN DIST MICH PHASE I	4.000%	05/01/2017			99.545 / 100.000	4.06% / 4.00%	3	155
NORTH GRATIOT INTERCEPTOR DRAIN DRAIN DIST MICH PHASE I	4.625%	05/01/2027			99.182 / 99.182	4.69% / 4.69%	3	55
NORTH GRATIOT INTERCEPTOR DRAIN DRAIN DIST MICH PHASE I	4.750%	05/01/2033			99.072 / 99.072	4.81% / 4.81%	1	25
NOVI MICH LIBR	3.500%	10/01/2014			100.500 / 100.500	3.41% / 3.41%	1	5
NOVI MICH LIBR	5.000%	10/01/2020			106.320 / 106.320	4.23% / 4.23%	3	800
NOVI MICH LIBR	4.250%	10/01/2022			99.750 / 99.750	4.27% / 4.27%	2	40
NOVI MICH LIBR	4.375%	10/01/2025			98.164 / 98.164	4.53% / 4.53%	2	35
OAK PK MICH SCH DIST LTD TAX-SCH BLDG & SITE	4.000%	05/01/2014			101.828 / 101.828	3.65% / 3.65%	2	100
OAK PK MICH SCH DIST SCH BLDG & SITE	3.400%	05/01/2016			97.309 / 97.641	3.80% / 3.75%	2	135
OAK PK MICH SCH DIST SCH BLDG & SITE	3.750%	05/01/2017			99.750 / 99.750	3.78% / 3.78%	2	20
OAKLAND CNTY MICH CTFS PARTN TAXABLE-RETIREE MED BENEFITS	6.250%	04/01/2026			106.092 / 106.092	5.01% / 5.01%	2	100
OKEMOS MICH PUB SCH DIST REF	4.700%	05/01/2009			101.995 / 101.995	2.25% / 2.25%	1	150
ONSTED MICH CMNTY SCHS UNREFUNDED BALANCE	5.000%	05/01/2009	100.058 / 100.058				2	40
OTSEGO MICH PUB SCHS DIST SCH BLDG & SITE	5.000%	05/01/2034			107.568 / 107.677	3.55% / 3.53%	4	275
OTTAWA CNTY MICH LTD TAX-CAP IMPT	5.000%	11/01/2015			107.836 / 107.836	3.77% / 3.77%	1	25
OTTAWA CNTY MICH LTD TAX-WTR SUPPLY SYS	5.000%	08/01/2023	100.488 / 100.488				3	60
OVID ELSIE MICH AREA SCHS SCH BLDG & SITE	5.000%	05/01/2018	105.841 / 105.841		106.591 / 106.591	3.35% / 3.35%	4	400
OXFORD MICH REF	4.200%	07/01/2020			97.242 / 97.242	4.50% / 4.50%	1	10
PETOSKEY MICH HOSP FIN AUTH LTD OBLIG REV REF-NORTHERN MICH HOSPS OBLIG	5.000%	11/15/2018			101.747 / 101.747	4.02% / 4.02%	2	20
PETOSKEY MICH HOSP FIN AUTH LTD OBLIG REV REF-NORTHERN MICH HOSPS OBLIG	5.000%	11/15/2027			100.000 / 100.000	5.00% / 5.00%	1	5
PINCONNING MICH AREA SCHS SCH BLDG & SITE	4.000%	05/01/2014			101.818 / 101.818	3.65% / 3.65%	3	30
PLYMOUTH MICH DIST LIBR REF	3.500%	11/01/2010	100.337 / 100.337				1	135
PLYMOUTH-CANTON MICH CMNTY SCH DIST REF-SCH BLDG & SITE	5.250%	05/01/2018	108.970 / 108.970		109.150 / 109.150	4.11% / 4.11%	3	300
PONTIAC MICH CITY SCH DIST	5.100%	05/01/2014	99.650 / 99.650				2	100
PORT HURON MICH SER B	5.000%	10/01/2008	100.213 / 100.213		100.537 / 100.537	2.75% / 2.75%	2	70
PORTAGE MICH CAP IMPT-SER A	4.000%	09/01/2023			95.603 / 95.603	4.40% / 4.40%	3	75
PORTAGE MICH PUB SCHS SCH BLDG & SITE	5.000%	05/01/2022	100.229 / 100.229				3	30
PORTAGE MICH PUB UTIL REV	3.550%	12/01/2015	99.207 / 99.207				1	50
RAVENNA MICH PUB SCHS SCH BLDG & SITE	3.500%	05/01/2015			99.976 / 99.976	3.50% / 3.50%	2	20
RAVENNA MICH PUB SCHS SCH BLDG & SITE	5.000%	05/01/2024			104.964 / 105.464		7	295
RAVENNA MICH PUB SCHS SCH BLDG & SITE	5.000%	05/01/2026			104.480 / 104.730		2	75
REETHS-PUFFER MICH SCHS CAP APPREC	0.000%	05/01/2019			58.332 / 58.332	5.04% / 5.04%	1	10
ROCHESTER MICH CMNTY SCH DIST REF	4.500%	05/01/2017			102.550 / 102.550	4.00% / 4.00%	1	250
ROCHESTER MICH CMNTY SCH DIST SER II	5.500%	05/01/2014	105.060 / 105.060		106.610 / 106.610	3.38% / 3.38%	2	90
ROCKFORD MICH PUB SCHS REF	5.000%	05/01/2020	101.098 / 101.098				3	60
ROCKFORD MICH PUB SCHS SCH BLDG & SITE	3.000%	05/01/2011			99.997 / 99.997	3.00% / 3.00%	1	100
ROCKFORD MICH PUB SCHS SCH BLDG & SITE	3.750%	05/01/2016			101.154 / 101.154	3.58% / 3.58%	1	10
ROMEO MICH CMNTY SCH DIST BLDG & SITE BDS	5.375%	05/01/2020	104.735 / 104.735		104.826 / 104.826	2.65% / 2.65%	2	1000
ROMULUS MICH CMNTY SCHS REF	5.250%	05/01/2012			106.052 / 106.052	3.00% / 3.00%	4	200
ROYAL OAK CITY MICH SCH DIST SCH BLDG & SITE	3.500%	05/01/2011	99.712 / 99.712				3	150
ROYAL OAK MICH HOSP FIN AUTH HOSP REV VAR-REF-WILLIAM BEAUMONT-SER N	%	11/15/2025			100.000 / 100.000	0.00% / 0.00%	2	425
ROYAL OAK MICH HOSP FIN AUTH HOSP REV VAR-REF-WILLIAM BEAUMONT-SER Q	%	11/15/2019	100.000 / 100.000		100.000 / 100.000		9	475
ROYAL OAK MICH HOSP FIN AUTH HOSP REV VAR-REF-WILLIAM BEAUMONT-U	%	01/01/2020			100.000 / 100.000		1	100
ROYALTON TWP MICH LTD TAX-CAP IMPT	3.500%	05/01/2013					1	10
ROYALTON TWP MICH LTD TAX-CAP IMPT	3.750%	05/01/2015					1	15
ROYALTON TWP MICH LTD TAX-CAP IMPT	3.750%	05/01/2017					1	30
SAGINAW CNTY MICH ECONOMIC DEV CORP LTD OBLIG REV VAR-PEACE LUTHERAN SCH PROJ	%	01/01/2033	100.000 / 100.000				1	10
SAGINAW MICH CITY SCH DIST SCH BLDG & SITE	4.125%	05/01/2020			99.453 / 99.453	4.18% / 4.18%	2	30
SAGINAW MICH CITY SCH DIST SCH BLDG & SITE	4.375%	05/01/2022			99.906 / 99.906	4.38% / 4.38%	3	60
SAGINAW MICH CITY SCH DIST SCH BLDG & SITE	4.500%	05/01/2026			99.388 / 99.388	4.55% / 4.55%	3	40
SAGINAW TWP MICH CMNTY SCH DIST REF-SCH BLDG & SITE	4.000%	05/01/2020			99.713 / 99.713	4.03% / 4.03%	2	50
SAGINAW VY ST UNIV MICH REV GEN-SER B	4.625%	07/01/2034			92.522 / 92.522	5.15% / 5.15%	1	5
SALINE MICH AREA SCHS REF	%	05/01/2030	100.000 / 100.000				1	100
SALINE MICH AREA SCHS SER A	4.750%	05/01/2009	101.168 / 101.168				1	25
SARANAC MICH CMNTY SCH DIST	5.000%	05/01/2022			105.431 / 105.431	2.98% / 2.98%	2	40
SCIO TWP MICH DOWNTOWN DEV	4.000%	11/01/2017	99.001 / 99.001				1	250
SOUTH HAVEN MICH PUB SCHS	4.200%	05/01/2025	90.003 / 90.003				2	40
SOUTHFIELD MICH PUB SCHS SCH BLDG & SITE-SER A	4.000%	05/01/2014	100.033 / 100.033				3	60
SOUTHWESTERN MICH COLLEGE MICH CASS & VAN BUREN CNTYS CMNTY COLLEGE FACS	4.250%	05/01/2010			101.900 / 101.900	3.15% / 3.15%	1	100
SOUTHWESTERN MICH COLLEGE MICH CASS & VAN BUREN CNTYS CMNTY COLLEGE FACS	4.250%	05/01/2017			100.000 / 100.000	4.25% / 4.25%	4	450
SOUTHWESTERN MICH COLLEGE MICH CASS & VAN BUREN CNTYS CMNTY COLLEGE FACS	4.500%	05/01/2019			99.993 / 99.993	4.50% / 4.50%	1	20
SOUTHWESTERN MICH COLLEGE MICH CASS & VAN BUREN CNTYS CMNTY COLLEGE FACS	5.125%	05/01/2030			100.000 / 101.190	5.12% / 4.97%	5	245
SOUTHWESTERN MICH COLLEGE MICH CASS & VAN BUREN CNTYS CMNTY COLLEGE FACS	5.250%	05/01/2033			100.128 / 100.128	5.23% / 5.23%	2	20
SOUTHWESTERN MICH COLLEGE MICH CASS & VAN BUREN CNTYS CMNTY COLLEGE FACS	5.250%	05/01/2036			100.000 / 100.597	5.25% / 5.17%	12	295
SOUTHWESTERN MICH COLLEGE MICH CASS & VAN BUREN CNTYS CMNTY COLLEGE FACS	5.375%	05/01/2039			99.630 / 101.859	5.40% / 5.13%	7	125
ST CLAIR CNTY MICH LTD TAX-CMNTY MENTAL HEALTH-A	4.000%	04/01/2014					2	50
STANDISH-STERLING MICH CMNTY SCHS REF	4.200%	05/01/2020	95.902 / 95.902		95.935 / 95.935	4.65% / 4.65%	3	90
STEPHENSON MICH AREA PUB SCHS REF	3.500%	05/01/2010	100.227 / 100.227				1	20
STURGIS MICH PUB SCH DIST SCH BLDG & SITE	5.750%	05/01/2017			105.583 / 105.951	2.60% / 2.40%	2	1150
SWAN VALLEY MICH SCH DIST REF-SCH BLDG & SITE	3.750%	05/01/2010	100.650 / 100.650				2	30
TAYLOR MICH BLDG AUTH	5.125%	03/01/2017			103.859 / 103.859	2.73% / 2.73%	1	100
TECUMSEH MICH REF & IMPT-DOWNTOWN DEV	5.000%	06/01/2012	103.254 / 103.254				1	10
TRAVERSE CITY MICH AREA PUB SCHS SCH BLDG & SITE	3.000%	05/01/2010			100.685 / 100.885	2.61% / 2.50%	4	200
TRENTON MICH PUB SCHS SCH DIST SCH BLDG & SITE	3.250%	05/01/2013			99.554 / 99.554	3.35% / 3.35%	3	55
TROY MICH PUB SAFETY FACS & CITY HALL	4.375%	10/01/2018			101.081 / 101.081	4.14% / 4.14%	1	10
TROY MICH CITY SCH DIST REF-SCH BLDG & SITE	5.000%	05/01/2014			106.862 / 106.862	3.68% / 3.68%	2	70
UNIVERSITY MICH UNIV REVS VAR-GEN-SER A	%	04/01/2038			100.000 / 100.000		1	+1
UNIVERSITY MICH UNIV REVS VAR-GEN-SER B	%	04/01/2028	100.000 / 100.000		100.000 / 100.000		4	+4
UNIVERSITY MICH UNIV REVS VAR-GEN-SER B	%	04/01/2035	100.000 / 100.000				1	+1
UNIVERSITY MICH UNIV REVS VAR-HOSP-SER A	%	12/01/2037			100.000 / 100.000		1	+1
UNIVERSITY MICH UNIV REVS VAR-HOSP-SER B	%	12/01/2037			100.000 / 100.000		1	+1
UNIVERSITY MICH UNIV REVS VAR-MED SVC PLAN-SER A	%	12/01/2027			100.000 / 100.000		1	+1
VAN BUREN TWP MICH LOC DEV FIN AUTH TAX INCREMENT	4.625%	04/01/2027					1	10
VAN DYKE MICH PUB SCHS SCH BLDG & SITE	5.000%	05/01/2038			100.000 / 102.620	5.00% / 4.66%	31	675
WARREN MICH DOWNTOWN DEV	5.000%	10/01/2021			101.753 / 101.753	4.62% / 4.62%	2	50
WARREN MICH DOWNTOWN DEV	4.125%	10/01/2023	92.250 / 92.250				1	10
WARREN MICH CONS SCH DIST REF	5.000%	05/01/2023			102.884 / 102.884	4.56% / 4.56%	2	60
WARREN MICH WTR & SWR REV REF	4.500%	05/01/2013	99.604 / 99.604		100.729 / 100.729	2.24% / 2.24%	6	400
WASHTENAW CNTY MICH CAP IMPT	4.000%	09/01/2015	99.928 / 99.928				1	75
WASHTENAW CNTY MICH REF	3.600%	09/01/2014	96.544 / 96.544		98.919 / 98.919	3.80% / 3.80%	2	40
WASHTENAW MICH CMNTY COLLEGE	4.500%	04/01/2024			100.000 / 100.000	4.50% / 4.50%	2	30
WATERFORD MICH SCH DIST PREREFUNDED	4.700%	05/01/2013	100.875 / 100.875		101.375 / 101.375	3.00% / 3.00%	3	20
WATERFORD MICH SCH DIST UNREFUNDED BALANCE	4.700%	05/01/2013	100.330 / 100.330		101.330 / 101.330	3.06% / 3.06%	3	40
WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.250%	12/01/2013	99.254 / 99.254				2	120
WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.250%	12/01/2014	98.011 / 98.011				2	100
WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.000%	12/01/2019	96.275 / 96.275		98.914 / 98.914	5.13% / 5.13%	4	40
WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.000%	12/01/2022			97.943 / 97.943	5.20% / 5.20%	3	60
WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.000%	12/01/2028	89.250 / 90.026		92.750 / 92.750	5.60% / 5.60%	6	70
WAYNE CHARTER CNTY MICH ARPT REV DETROIT MET WAYNE CNTY ARPT-B	4.875%	12/01/2023	101.594 / 101.594		101.994 / 101.994	2.43% / 2.43%	4	170
WAYNE CNTY MICH BLDG AUTH-CAP IMPT-SER A	5.250%	06/01/2016	99.440 / 99.440				3	900
WAYNE CNTY MICH ARPT AUTH REV DETROIT MET ARPT-JR LIEN	5.000%	12/01/2014			99.813 / 101.363	5.03% / 4.75%	6	350
WAYNE ST UNIV MICH UNIV REVS GEN	5.500%	11/15/2010	103.129 / 103.129				2	50
WAYNE ST UNIV MICH UNIV REVS GEN	5.125%	11/15/2029	95.520 / 95.520		98.145 / 98.145	5.27% / 5.27%	2	10
WEST BLOOMFIELD MICH SCH DIST REF	3.000%	05/01/2011	98.806 / 98.806				1	10
WEST BLOOMFIELD TWP MICH BIKE PATH CAP IMPT	4.000%	05/01/2019					1	150
WESTERN MICH UNIV REVS	4.375%	11/15/2025	89.375 / 89.375				3	60
WESTERN MICH UNIV REVS	4.500%	11/15/2032			91.678 / 91.678	5.10% / 5.10%	1	15
WESTERN MICH UNIV REVS GEN	5.000%	11/15/2032			103.218 / 103.218	4.59% / 4.59%	1	10
WHITEHALL MICH DIST SCHS REF	4.250%	05/01/2024			97.993 / 98.478	4.43% / 4.38%	4	80
WILLOW RUN MICH CMNTY SCHS REF	5.000%	05/01/2016			106.991 / 106.991	3.83% / 3.83%	2	100
WOODHAVEN BROWNSTOWN MICH SCH DIST	5.000%	05/01/2027			106.444 / 106.444	3.20% / 3.20%	2	50
WOODHAVEN BROWNSTOWN MICH SCH DIST REF	5.000%	05/01/2015			108.288 / 108.288	3.62% / 3.62%	3	75
WYANDOTTE MICH CITY SCH DIST REF	4.000%	05/01/2015	99.000 / 99.000				3	195
WYANDOTTE MICH ELEC REV REF	3.700%	10/01/2009	99.800 / 99.800				2	40
WYANDOTTE MICH ELEC REV REF	4.100%	10/01/2012	98.500 / 98.500		101.276 / 101.276	2.90% / 2.90%	4	100
WYOMING MICH BLDG AUTH REF	5.000%	05/01/2011			104.109 / 104.109	3.46% / 3.46%	1	20
ZEELAND MICH PUB SCHS REF	4.000%	05/01/2013	103.534 / 103.534		104.003 / 104.003	3.10% / 3.10%	3	300

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.

Data provided by: