Closed-End National Municipal Portfolio Series 11

matured

Deposit Date: 11/14/2007
Non-Reoffered Date: 5/14/2008
Termination Date: 11/14/2012

Performance

as of 11/14/2012

Trust

Cumulative Total Return1 Average Annual Total Return2
Distributions Reinvested 3 Month 6 Month YTD Since Inception 1 Year 3 Year 5 Year Since Inception
With Transactional Sales Charge (183869676) -0.72% 3.43% 9.44% 57.97% 14.32% 13.27% 9.57% 9.57%
Without Transactional Sales Charge (183869692) 3.99% 8.32% 14.60% 65.33% 19.67% 15.00% 10.57% 10.57%
Distributions Received in Cash
With Transactional Sales Charge (183869668) -0.72% 3.37% 9.12% 45.97% 13.90% 12.01% 7.85% 7.85%
Without Transactional Sales Charge (183869684) 3.99% 8.26% 14.27% 52.76% 19.23% 13.71% 8.83% 8.83%

Benchmark

   
Barclays Capital Municipal Bond 2.28% 3.44% 7.41% 36.12% 9.68% 7.15% 6.35% 6.35%
to
Deposit Date: 11/14/2007
Non-Reoffered Date: 5/14/2008
Termination Date: 11/14/2012

Performance

between

Trust

Cumulative Total Return1 Average Annual Total Return2
Distributions Reinvested    
With Transactional Sales Charge (183869676) 57.97% 9.57%
Without Transactional Sales Charge (183869692) 65.33% 10.57%
Distributions Received in Cash    
With Transactional Sales Charge (183869668) 45.97% 7.85%
Without Transactional Sales Charge (183869684) 52.76% 8.83%

Benchmark

   
Barclays Capital Municipal Bond 36.12% 6.35%