Chairman’s Letter to Shareholders
|
4
|
Portfolio Manager’s Comments
|
5
|
Common Share Dividend and Share Price Information
|
14
|
Performance Overviews
|
16
|
Shareholder Meeting Report
|
22
|
Report of Independent Registered Public Accounting Firm
|
24
|
Portfolios of Investments
|
25
|
Statement of Assets and Liabilities
|
65
|
Statement of Operations
|
67
|
Statement of Changes in Net Assets
|
68
|
Statement of Cash Flows
|
70
|
Financial Highlights
|
72
|
Notes to Financial Statements
|
81
|
Board Members and Officers
|
94
|
Annual Investment Management Agreement Approval Process
|
99
|
Reinvest Automatically, Easily and Conveniently
|
108
|
Glossary of Terms Used in this Report
|
110
|
Other Useful Information
|
115
|
4 | Nuveen Investments |
Nuveen Investments | 5 |
6 | Nuveen Investments |
Nuveen Investments | 7 |
Fund
|
1-Year
|
5-Year
|
10-Year
|
|||||||
NQN
|
4.68%
|
5.38%
|
6.13%
|
|||||||
NVN
|
4.27%
|
5.27%
|
6.19%
|
|||||||
NUN
|
4.26%
|
5.15%
|
5.99%
|
|||||||
NNF
|
5.04%
|
5.29%
|
5.86%
|
|||||||
NKO
|
4.98%
|
5.16%
|
N/A
|
|||||||
NRK
|
2.91%
|
5.11%
|
N/A
|
|||||||
Standard & Poor’s (S&P) New York Municipal Bond Index*
|
3.70%
|
4.88%
|
5.15%
|
|||||||
Standard & Poor’s (S&P) Insured National Municipal Bond Index*
|
3.96%
|
4.72%
|
5.16%
|
|||||||
Lipper Single-State Insured Municipal Debt Classification Average*
|
4.43%
|
5.13%
|
5.76%
|
Past performance is not predictive of future results. Current performance may be higher or lower than the data shown. Returns do not reflect the deduction of taxes that shareholders may have to pay on Fund distributions or upon the sale of Fund shares.
|
|
For additional information, see the individual Performance Overview for your Fund in this report.
|
|
*
|
Refer to Glossary of Terms used in this Report for definitions.
|
8 | Nuveen Investments |
–
|
Nuveen Insured NY Premium Income Municipal Fund, Inc. (NNF) will change to Nuveen New York Premium Income Municipal Fund, Inc. (NNF),
|
|
–
|
Nuveen Insured NY Dividend Advantage Municipal Fund (NKO) will change to Nuveen New York Dividend Advantage Municipal Income Fund (NKO) and
|
|
–
|
Nuveen Insured NY Tax Free Advantage Municipal Fund (NRK) will change to Nuveen New York AMT-Free Municipal Income Fund (NRK).
|
Nuveen Investments | 9 |
10 | Nuveen Investments |
Fund
|
Series
|
MTP Shares Issued at Liquidation Value
|
Annual Interest Rate
|
NYSE Ticker
|
|||||||||
NRK
|
2015
|
$ 27,680,000
|
2.55%
|
NRK PrC
|
Fund
|
VMTP Series
|
VMTP Shares Issued at Liquidation Value
|
|||||
NNF
|
2014
|
$ 50,700,000
|
Fund
|
VRDP Shares Issued at Liquidation Value
|
|||
NQN
|
|
$112,300,000
|
||
NVN
|
|
$164,800,000
|
||
NUN
|
|
$161,700,000
|
||
NKO
|
|
$ 50,000,000
|
Nuveen Investments | 11 |
12 | Nuveen Investments |
Nuveen Investments | 13 |
Fund
|
Long-Term Capital Gains
(per share)
|
|||
NQN
|
$0.0507
|
|||
NVN
|
|
$0.0292
|
||
NUN
|
|
$0.0044
|
14 | Nuveen Investments |
Fund
|
Common Shares
Repurchased and Retired
|
% of Outstanding
Common Shares
|
|||||
NQN
|
105,600
|
0.6
|
%
|
||||
NVN
|
118,000
|
0.5
|
%
|
||||
NUN
|
159,800
|
0.7
|
%
|
||||
NNF
|
85,700
|
1.0
|
%
|
||||
NKO
|
27,000
|
0.3
|
%
|
||||
NRK
|
6,800
|
0.2
|
%
|
Fund
|
9/30/11
(-)Discount
|
Twelve-Month Average
(-)Discount
|
||||
NQN
|
(-)6.32%
|
(-)6.80%
|
||||
NVN
|
(-)4.96%
|
(-)5.88%
|
||||
NUN
|
(-)3.14%
|
(-)5.40%
|
||||
NNF
|
(-)5.86%
|
(-)5.98%
|
||||
NKO
|
(-)7.69%
|
(-)7.25%
|
||||
NRK
|
(-)7.78%
|
(-)7.29%
|
Nuveen Investments | 15 |
NQN
|
Nuveen New York
|
|
Performance
|
Investment Quality
|
|
OVERVIEW
|
Municipal Fund, Inc.
|
|
as of September 30, 2011
|
Fund Snapshot
|
||||
Common Share Price
|
$
|
14.37
|
||
Common Share
|
||||
Net Asset Value (NAV)
|
$
|
15.34
|
||
Premium/(Discount) to NAV
|
-6.32
|
% | ||
Market Yield
|
5.76
|
% | ||
Taxable-Equivalent Yield3
|
8.58
|
% | ||
Net Assets Applicable to
|
||||
Common Shares ($000)
|
$
|
268,793
|
Leverage
|
||||
Structural Leverage
|
29.47
|
% | ||
Effective Leverage
|
37.29
|
% |
Average Annual Total Return
|
||||||
(Inception 11/20/90)
|
||||||
On Share Price
|
On NAV
|
|||||
1-Year
|
2.39%
|
4.68%
|
||||
5-Year
|
6.21%
|
5.38%
|
||||
10-Year
|
6.54%
|
6.13%
|
Portfolio Composition4
|
|||
(as a % of total investments)
|
|||
Tax Obligation/Limited
|
33.9%
|
||
Education and Civic Organizations
|
16.9%
|
||
Health Care
|
11.5%
|
||
Transportation
|
8.4%
|
||
Tax Obligation/General
|
7.8%
|
||
Utilities
|
6.7%
|
||
Water and Sewer
|
5.9%
|
||
Other
|
8.9%
|
Insurers4
|
|||
(as a % of total Insured investments)
|
|||
NPFG5
|
32.4%
|
||
AMBAC
|
25.9%
|
||
AGM
|
18.4%
|
||
FGIC
|
16.5%
|
||
Other
|
6.8%
|
Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this Fund’s Performance Overview page.
|
|
1
|
The Fund intends to invest at least 80% of its managed assets in municipal securities that are covered by insurance guaranteeing the timely payment of principal and interest. See Notes to Financial Statements, Footnote 1 –General Information and Significant Accounting Policies, Insurance for more information. At the end of the reporting period, 90% of the Fund’s total investments are invested in Insured securities.
|
2
|
Ratings shown are the highest rating given by one of the following national rating agencies: Standard & Poor’s Group, Moody’s Investors Service, Inc. or Fitch, Inc. Credit ratings are subject to change. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Bonds backed by U.S. Government or agency securities are given an implied rating equal to the rating of such securities. Holdings designated N/R are not rated by a national rating agency.
|
3
|
Taxable-Equivalent Yield represents the yield that must be earned on a fully taxable investment in order to equal the yield of the Fund on an after-tax basis. It is based on a combined federal and state income tax rate of 32.9%. When comparing this Fund to investments that generate qualified dividend income, the Taxable-Equivalent Yield is lower.
|
4
|
Holdings are subject to change.
|
5
|
MBIA’s public finance subsidiary.
|
6
|
The Fund paid shareholders a capital gains distribution in December 2010 of $0.0507 per share.
|
16 | Nuveen Investments |
NVN
|
Nuveen New York
|
|
Performance
|
Select Quality
|
|
OVERVIEW
|
Municipal Fund, Inc.
|
|
as of September 30, 2011
|
Fund Snapshot
|
||||
Common Share Price
|
$
|
14.76
|
||
Common Share
|
||||
Net Asset Value (NAV)
|
$
|
15.53
|
||
Premium/(Discount) to NAV
|
-4.96
|
% | ||
Market Yield
|
5.89
|
% | ||
Taxable-Equivalent Yield3
|
8.78
|
% | ||
Net Assets Applicable to
|
||||
Common Shares ($000)
|
$
|
360,332
|
Leverage
|
||||
Structural Leverage
|
31.38
|
% | ||
Effective Leverage
|
37.69
|
% |
Average Annual Total Return
|
||||||
(Inception 5/22/91)
|
||||||
On Share Price
|
On NAV
|
|||||
1-Year
|
1.95%
|
4.27%
|
||||
5-Year
|
6.29%
|
5.27%
|
||||
10-Year
|
6.74%
|
6.19%
|
Portfolio Composition4
|
|||
(as a % of total investments)
|
|||
Tax Obligation/Limited
|
32.9%
|
||
Education and Civic Organizations
|
17.3%
|
||
Health Care
|
9.4%
|
||
Utilities
|
9.0%
|
||
U.S. Guaranteed
|
8.6%
|
||
Transportation
|
7.2%
|
||
Water and Sewer
|
6.4%
|
||
Tax Obligation/General
|
5.5%
|
||
Other
|
3.7%
|
Insurers4
|
|||
(as a % of total Insured investments)
|
|||
NPFG5
|
32.2%
|
||
AMBAC
|
27.8%
|
||
AGM
|
19.7%
|
||
FGIC
|
16.3%
|
||
Other
|
4.0%
|
Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this Fund’s Performance Overview page.
|
|
1
|
The Fund intends to invest at least 80% of its managed assets in municipal securities that are covered by insurance guaranteeing the timely payment of principal and interest. See Notes to Financial Statements, Footnote 1 –General Information and Significant Accounting Policies, Insurance for more information. At the end of the reporting period, 88% of the Fund’s total investments are invested in Insured securities.
|
2
|
Ratings shown are the highest rating given by one of the following national rating agencies: Standard & Poor’s Group, Moody’s Investors Service, Inc. or Fitch, Inc. Credit ratings are subject to change. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Bonds backed by U.S. Government or agency securities are given an implied rating equal to the rating of such securities. Holdings designated N/R are not rated by a national rating agency.
|
3
|
Taxable-Equivalent Yield represents the yield that must be earned on a fully taxable investment in order to equal the yield of the Fund on an after-tax basis. It is based on a combined federal and state income tax rate of 32.9%. When comparing this Fund to investments that generate qualified dividend income, the Taxable-Equivalent Yield is lower.
|
4
|
Holdings are subject to change.
|
5
|
MBIA’s public finance subsidiary.
|
6
|
The Fund paid shareholders a capital gains distribution in December 2010 of $0.0292 per share.
|
Nuveen Investments | 17 |
NUN
|
Nuveen New York
|
|
Performance
|
Quality Income
|
|
OVERVIEW
|
Municipal Fund, Inc.
|
|
as of September 30, 2011
|
Fund Snapshot
|
||||
Common Share Price
|
$
|
14.80
|
||
Common Share
|
||||
Net Asset Value (NAV)
|
$
|
15.28
|
||
Premium/(Discount) to NAV
|
-3.14
|
% | ||
Market Yield
|
5.92
|
% | ||
Taxable-Equivalent Yield3
|
8.82
|
% | ||
Net Assets Applicable to
|
||||
Common Shares ($000)
|
$
|
362,829
|
Leverage
|
||||
Structural Leverage
|
30.83
|
% | ||
Effective Leverage
|
37.37
|
% |
Average Annual Total Return
|
||||||
(Inception 11/20/91)
|
||||||
On Share Price
|
On NAV
|
|||||
1-Year
|
4.01%
|
4.26%
|
||||
5-Year
|
6.59%
|
5.15%
|
||||
10-Year
|
6.74%
|
5.99%
|
Portfolio Composition4
|
|||
(as a % of total investments)
|
|||
Tax Obligation/Limited
|
33.2%
|
||
Education and Civic Organizations
|
15.6%
|
||
U.S. Guaranteed
|
11.3%
|
||
Transportation
|
10.0%
|
||
Health Care
|
9.7%
|
||
Utilities
|
7.4%
|
||
Water and Sewer
|
5.3%
|
||
Other
|
7.5%
|
Insurers4
|
|||
(as a % of total Insured investments)
|
|||
NPFG5
|
29.4%
|
||
AGM
|
27.0%
|
||
AMBAC
|
22.0%
|
||
FGIC
|
18.6%
|
||
Other
|
3.0%
|
Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this Fund’s Performance Overview page.
|
|
1
|
The Fund intends to invest at least 80% of its managed assets in municipal securities that are covered by insurance guaranteeing the timely payment of principal and interest. See Notes to Financial Statements, Footnote 1 –General Information and Significant Accounting Policies, Insurance for more information. At the end of the reporting period, 91% of the Fund’s total investments are invested in Insured securities.
|
2
|
Ratings shown are the highest rating given by one of the following national rating agencies: Standard & Poor’s Group, Moody’s Investors Service, Inc. or Fitch, Inc. Credit ratings are subject to change. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Bonds backed by U.S. Government or agency securities are given an implied rating equal to the rating of such securities. Holdings designated N/R are not rated by a national rating agency.
|
3
|
Taxable-Equivalent Yield represents the yield that must be earned on a fully taxable investment in order to equal the yield of the Fund on an after-tax basis. It is based on a combined federal and state income tax rate of 32.9%. When comparing this Fund to investments that generate qualified dividend income, the Taxable-Equivalent Yield is lower.
|
4
|
Holdings are subject to change.
|
5
|
MBIA’s public finance subsidiary.
|
6
|
The Fund paid shareholders a capital gains distribution in December 2010 of $0.0044 per share.
|
18 | Nuveen Investments |
NNF
|
Nuveen Insured New York
|
|
Performance
|
Premium Income
|
|
OVERVIEW
|
Municipal Fund, Inc.
|
|
as of September 30, 2011
|
Fund Snapshot
|
||||
Common Share Price
|
$
|
14.77
|
||
Common Share
|
||||
Net Asset Value (NAV)
|
$
|
15.69
|
||
Premium/(Discount) to NAV
|
-5.86
|
% | ||
Market Yield
|
5.65
|
% | ||
Taxable-Equivalent Yield3
|
8.42
|
% | ||
Net Assets Applicable to
|
||||
Common Shares ($000)
|
$
|
129,319
|
Leverage
|
||||
Structural Leverage
|
28.16
|
% | ||
Effective Leverage
|
36.06
|
% |
Average Annual Total Return
|
||||||
(Inception 12/17/92)
|
||||||
On Share Price
|
On NAV
|
|||||
1-Year
|
2.78%
|
5.04%
|
||||
5-Year
|
6.02%
|
5.29%
|
||||
10-Year
|
6.10%
|
5.86%
|
Portfolio Composition4
|
|||
(as a % of total investments)
|
|||
Tax Obligation/Limited
|
36.9%
|
||
Education and Civic Organizations
|
14.7%
|
||
Health Care
|
12.6%
|
||
Transportation
|
10.0%
|
||
U.S. Guaranteed
|
7.0%
|
||
Water and Sewer
|
6.0%
|
||
Other
|
12.8%
|
Insurers4
|
|||
(as a % of total Insured investments)
|
|||
AMBAC
|
29.1%
|
||
NPFG5
|
24.9%
|
||
AGM
|
23.2%
|
||
FGIC
|
16.8%
|
||
Other
|
6.0%
|
Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this Fund’s Performance Overview page.
|
|
1
|
The Fund intends to invest at least 80% of its managed assets in municipal securities that are covered by insurance guaranteeing the timely payment of principal and interest. See Notes to Financial Statements, Footnote 1 –General Information and Significant Accounting Policies, Insurance for more information. At the end of the reporting period, 91% of the Fund’s total investments are invested in Insured securities.
|
2
|
Ratings shown are the highest rating given by one of the following national rating agencies: Standard & Poor’s Group, Moody’s Investors Service, Inc. or Fitch, Inc. Credit ratings are subject to change. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Bonds backed by U.S. Government or agency securities are given an implied rating equal to the rating of such securities. Holdings designated N/R are not rated by a national rating agency.
|
3
|
Taxable-Equivalent Yield represents the yield that must be earned on a fully taxable investment in order to equal the yield of the Fund on an after-tax basis. It is based on a combined federal and state income tax rate of 32.9%. When comparing this Fund to investments that generate qualified dividend income, the Taxable-Equivalent Yield is lower.
|
4
|
Holdings are subject to change.
|
5
|
MBIA’s public finance subsidiary.
|
Nuveen Investments | 19 |
NKO
|
Nuveen Insured New York
|
|
Performance
|
Dividend Advantage
|
|
OVERVIEW
|
Municipal Fund
|
|
as of September 30, 2011
|
Fund Snapshot
|
||||
Common Share Price
|
$
|
14.16
|
||
Common Share
|
||||
Net Asset Value (NAV)
|
$
|
15.34
|
||
Premium/(Discount) to NAV
|
-7.69
|
% | ||
Market Yield
|
5.76
|
% | ||
Taxable-Equivalent Yield3
|
8.58
|
% | ||
Net Assets Applicable to
|
||||
Common Shares ($000)
|
$
|
121,775
|
Leverage
|
||||
Structural Leverage
|
29.11
|
% | ||
Effective Leverage
|
34.56
|
% |
Average Annual Total Return
|
||||||
(Inception 3/25/02)
|
||||||
On Share Price
|
On NAV
|
|||||
1-Year
|
1.77%
|
4.98%
|
||||
5-Year
|
4.65%
|
5.16%
|
||||
Since
|
||||||
Inception
|
5.47%
|
6.49%
|
Portfolio Composition4
|
|||
(as a % of total investments)
|
|||
Tax Obligation/Limited
|
33.4%
|
||
Education and Civic Organizations
|
17.3%
|
||
Health Care
|
9.9%
|
||
Transportation
|
9.7%
|
||
U.S. Guaranteed
|
9.3%
|
||
Utilities
|
8.5%
|
||
Other
|
11.9%
|
Insurers4
|
|||
(as a % of total Insured investments)
|
|||
AGM
|
29.0%
|
||
NPFG5
|
28.1%
|
||
AMBAC
|
20.1%
|
||
FGIC
|
17.0%
|
||
Other
|
5.8%
|
Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this Fund’s Performance Overview page.
|
|
1
|
The Fund intends to invest at least 80% of its managed assets in municipal securities that are covered by insurance guaranteeing the timely payment of principal and interest. See Notes to Financial Statements, Footnote 1 –General Information and Significant Accounting Policies, Insurance for more information. At the end of the reporting period, 87% of the Fund’s total investments are invested in Insured securities.
|
2
|
Ratings shown are the highest rating given by one of the following national rating agencies: Standard & Poor’s Group, Moody’s Investors Service, Inc. or Fitch, Inc. Credit ratings are subject to change. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Bonds backed by U.S. Government or agency securities are given an implied rating equal to the rating of such securities. Holdings designated N/R are not rated by a national rating agency.
|
3
|
Taxable-Equivalent Yield represents the yield that must be earned on a fully taxable investment in order to equal the yield of the Fund on an after-tax basis. It is based on a combined federal and state income tax rate of 32.9%. When comparing this Fund to investments that generate qualified dividend income, the Taxable-Equivalent Yield is lower.
|
4
|
Holdings are subject to change.
|
5
|
MBIA’s public finance subsidiary.
|
20 | Nuveen Investments |
NRK
|
Nuveen Insured New York
|
|
Performance
|
Tax-Free Advantage
|
|
OVERVIEW
|
Municipal Fund
|
|
as of September 30, 2011
|
Fund Snapshot
|
||||
Common Share Price
|
$
|
13.86
|
||
Common Share
|
||||
Net Asset Value (NAV)
|
$
|
15.03
|
||
Premium/(Discount) to NAV
|
-7.78
|
% | ||
Market Yield
|
5.06
|
% | ||
Taxable-Equivalent Yield3
|
7.54
|
% | ||
Net Assets Applicable to
|
||||
Common Shares ($000)
|
$
|
52,694
|
Leverage
|
||||
Structural Leverage
|
34.44
|
% | ||
Effective Leverage
|
37.45
|
% |
Average Annual Total Return
|
||||||
(Inception 11/21/02)
|
||||||
On Share Price
|
On NAV
|
|||||
1-Year
|
-0.81%
|
2.91%
|
||||
5-Year
|
5.04%
|
5.11%
|
||||
Since
|
||||||
Inception
|
4.58%
|
5.74%
|
Portfolio Composition4
|
|||
(as a % of total investments)
|
|||
Tax Obligation/Limited
|
28.4%
|
||
Education and Civic Organizations
|
20.1%
|
||
U.S. Guaranteed
|
18.3%
|
||
Health Care
|
14.5%
|
||
Transportation
|
9.1%
|
||
Other
|
9.6%
|
Insurers4
|
|||
(as a % of total Insured investments)
|
|||
NPFG5
|
32.4%
|
||
AMBAC
|
24.3%
|
||
FGIC
|
17.2%
|
||
AGM
|
12.5%
|
||
AGC
|
7.7%
|
||
Other
|
5.9%
|
Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this Fund’s Performance Overview page.
|
|
1
|
The Fund intends to invest at least 80% of its managed assets in municipal securities that are covered by insurance guaranteeing the timely payment of principal and interest. See Notes to Financial Statements, Footnote 1 –General Information and Significant Accounting Policies, Insurance for more information. At the end of the reporting period, 90% of the Fund’s total investments are invested in Insured securities.
|
2
|
Ratings shown are the highest rating given by one of the following national rating agencies: Standard & Poor’s Group, Moody’s Investors Service, Inc. or Fitch, Inc. Credit ratings are subject to change. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Bonds backed by U.S. Government or agency securities are given an implied rating equal to the rating of such securities. Holdings designated N/R are not rated by a national rating agency.
|
3
|
Taxable-Equivalent Yield represents the yield that must be earned on a fully taxable investment in order to equal the yield of the Fund on an after-tax basis. It is based on a combined federal and state income tax rate of 32.9%. When comparing this Fund to investments that generate qualified dividend income, the Taxable-Equivalent Yield is lower.
|
4
|
Holdings are subject to change.
|
5
|
MBIA’s public finance subsidiary.
|
Nuveen Investments | 21 |
NQN
|
Shareholder Meeting Report
|
|
NVN
|
||
NUN
|
The annual meeting of shareholders was held in the offices of Nuveen Investments on May 6, 2011; at this meeting the shareholders were asked to vote on the election of Board Members.
|
NQN
|
NVN
|
NUN
|
|||||||||||||||||
Common and Preferred shares voting together as a class
|
Preferred shares voting together as a class
|
Common and Preferred shares voting together as a class
|
Preferred shares voting together as a class
|
Common and Preferred shares voting together as a class
|
Preferred shares voting together as a class
|
||||||||||||||
Approval of the Board Members was reached as follows:
|
|||||||||||||||||||
John P. Amboian
|
|||||||||||||||||||
For
|
14,958,121
|
—
|
20,834,826
|
—
|
20,600,290
|
—
|
|||||||||||||
Withhold
|
455,733
|
—
|
519,829
|
—
|
822,237
|
—
|
|||||||||||||
Total
|
15,413,854
|
—
|
21,354,655
|
—
|
21,422,527
|
—
|
|||||||||||||
Robert P. Bremner
|
|||||||||||||||||||
For
|
14,853,999
|
—
|
20,833,229
|
—
|
20,597,703
|
—
|
|||||||||||||
Withhold
|
559,855
|
—
|
521,426
|
—
|
824,824
|
—
|
|||||||||||||
Total
|
15,413,854
|
—
|
21,354,655
|
—
|
21,422,527
|
—
|
|||||||||||||
Jack B. Evans
|
|||||||||||||||||||
For
|
14,849,282
|
—
|
20,781,500
|
—
|
20,614,713
|
—
|
|||||||||||||
Withhold
|
564,572
|
—
|
573,155
|
—
|
807,814
|
—
|
|||||||||||||
Total
|
15,413,854
|
—
|
21,354,655
|
—
|
21,422,527
|
—
|
|||||||||||||
William C. Hunter
|
|||||||||||||||||||
For
|
—
|
923
|
—
|
1,338
|
—
|
1,307
|
|||||||||||||
Withhold
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Total
|
—
|
923
|
—
|
1,338
|
—
|
1,307
|
|||||||||||||
David J. Kundert
|
|||||||||||||||||||
For
|
14,849,424
|
—
|
20,812,075
|
—
|
20,592,994
|
—
|
|||||||||||||
Withhold
|
564,430
|
—
|
542,580
|
—
|
829,533
|
—
|
|||||||||||||
Total
|
15,413,854
|
—
|
21,354,655
|
—
|
21,422,527
|
—
|
|||||||||||||
William J. Schneider
|
|||||||||||||||||||
For
|
—
|
923
|
—
|
1,338
|
—
|
1,307
|
|||||||||||||
Withhold
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Total
|
—
|
923
|
—
|
1,338
|
—
|
1,307
|
|||||||||||||
Judith M. Stockdale
|
|||||||||||||||||||
For
|
14,880,246
|
—
|
20,764,351
|
—
|
20,573,821
|
—
|
|||||||||||||
Withhold
|
533,608
|
—
|
590,304
|
—
|
848,706
|
—
|
|||||||||||||
Total
|
15,413,854
|
—
|
21,354,655
|
—
|
21,422,527
|
—
|
|||||||||||||
Carole E. Stone
|
|||||||||||||||||||
For
|
14,874,706
|
—
|
20,787,045
|
—
|
20,594,697
|
—
|
|||||||||||||
Withhold
|
539,148
|
—
|
567,610
|
—
|
827,830
|
—
|
|||||||||||||
Total
|
15,413,854
|
—
|
21,354,655
|
—
|
21,422,527
|
—
|
|||||||||||||
Virginia L. Stringer
|
|||||||||||||||||||
For
|
14,990,259
|
—
|
20,786,070
|
—
|
20,588,241
|
—
|
|||||||||||||
Withhold
|
423,595
|
—
|
568,585
|
—
|
834,286
|
—
|
|||||||||||||
Total
|
15,413,854
|
—
|
21,354,655
|
—
|
21,422,527
|
—
|
|||||||||||||
Terence J. Toth
|
|||||||||||||||||||
For
|
14,862,259
|
—
|
20,824,255
|
—
|
20,603,294
|
—
|
|||||||||||||
Withhold
|
551,595
|
—
|
530,400
|
—
|
819,233
|
—
|
|||||||||||||
Total
|
15,413,854
|
—
|
21,354,655
|
—
|
21,422,527
|
—
|
22 | Nuveen Investments |
NNF
|
||
NKO
|
||
NRK
|
NNF
|
NKO
|
NRK
|
|||||||||||||||||
Common and Preferred shares voting together as a class
|
Preferred shares voting together as a class
|
Common and Preferred shares voting together as a class
|
Preferred shares voting together as a class
|
Common and Preferred shares voting together as a class
|
Preferred shares voting together as a class
|
||||||||||||||
Approval of the Board Members was reached as follows:
|
|||||||||||||||||||
John P. Amboian
|
|||||||||||||||||||
For
|
7,201,360
|
—
|
7,116,041
|
—
|
4,950,362
|
—
|
|||||||||||||
Withhold
|
374,318
|
—
|
364,139
|
—
|
986,337
|
—
|
|||||||||||||
Total
|
7,575,678
|
—
|
7,480,180
|
—
|
5,936,699
|
—
|
|||||||||||||
Robert P. Bremner
|
|||||||||||||||||||
For
|
7,200,860
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Withhold
|
374,818
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Total
|
7,575,678
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Jack B. Evans
|
|||||||||||||||||||
For
|
7,198,116
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Withhold
|
377,562
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Total
|
7,575,678
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
William C. Hunter
|
|||||||||||||||||||
For
|
—
|
863
|
—
|
273
|
—
|
1,739,057
|
|||||||||||||
Withhold
|
—
|
70
|
—
|
—
|
—
|
910,038
|
|||||||||||||
Total
|
—
|
933
|
—
|
273
|
—
|
2,649,095
|
|||||||||||||
David J. Kundert
|
|||||||||||||||||||
For
|
7,197,360
|
—
|
7,116,041
|
—
|
4,951,460
|
—
|
|||||||||||||
Withhold
|
378,318
|
—
|
364,139
|
—
|
985,239
|
—
|
|||||||||||||
Total
|
7,575,678
|
—
|
7,480,180
|
—
|
5,936,699
|
—
|
|||||||||||||
William J. Schneider
|
|||||||||||||||||||
For
|
—
|
863
|
—
|
273
|
—
|
1,739,057
|
|||||||||||||
Withhold
|
—
|
70
|
—
|
—
|
—
|
910,038
|
|||||||||||||
Total
|
—
|
933
|
—
|
273
|
—
|
2,649,095
|
|||||||||||||
Judith M. Stockdale
|
|||||||||||||||||||
For
|
7,212,538
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Withhold
|
363,140
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Total
|
7,575,678
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Carole E. Stone
|
|||||||||||||||||||
For
|
7,212,538
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Withhold
|
363,140
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Total
|
7,575,678
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Virginia L. Stringer
|
|||||||||||||||||||
For
|
7,203,043
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Withhold
|
372,635
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Total
|
7,575,678
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Terence J. Toth
|
|||||||||||||||||||
For
|
7,198,116
|
—
|
7,115,041
|
—
|
4,951,460
|
—
|
|||||||||||||
Withhold
|
377,562
|
—
|
365,139
|
—
|
985,239
|
—
|
|||||||||||||
Total
|
7,575,678
|
—
|
7,480,180
|
—
|
5,936,699
|
—
|
Nuveen Investments | 23 |
24 | Nuveen Investments |
Nuveen New York Investment Quality Municipal Fund, Inc.
|
||
NQN
|
Portfolio of Investments
|
|
September 30, 2011
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Consumer Staples – 1.7% (1.1% of Total Investments)
|
|||||||||
$
|
6,470
|
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006, 5.125%, 6/01/42
|
6/16 at 100.00
|
BBB–
|
$
|
4,547,375
|
|||
Education and Civic Organizations – 25.7% (16.9% of Total Investments)
|
|||||||||
3,500
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, Culinary Institute of America, Series 1999, 5.000%, 7/01/22 – NPFG Insured
|
1/12 at 100.00
|
Baa1
|
3,503,500
|
|||||
1,685
|
Dormitory Authority of the State of New York, 853 Schools Program Insured Revenue Bonds, St. Anne Institute, Issue 2, Series 1998E, 5.000%, 7/01/18 – AMBAC Insured
|
1/12 at 100.00
|
N/R
|
1,690,021
|
|||||
3,000
|
Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University, Series 2007A, 5.250%, 7/01/32 – NPFG Insured
|
7/17 at 100.00
|
A–
|
3,122,730
|
|||||
935
|
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured
|
No Opt. Call
|
BBB
|
960,684
|
|||||
6,500
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, New York Medical College, Series 1998, 5.000%, 7/01/21 – NPFG Insured
|
1/12 at 100.00
|
Baa1
|
6,518,785
|
|||||
2,000
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, Yeshiva University, Series 2001, 5.000%, 7/01/18 – AMBAC Insured
|
1/12 at 100.00
|
A2
|
2,004,580
|
|||||
3,000
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – SYNCORA GTY Insured
|
No Opt. Call
|
Aa2
|
3,221,760
|
|||||
1,730
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured
|
7/15 at 100.00
|
Aa2
|
1,799,719
|
|||||
2,080
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2006A, 5.000%, 7/01/31 – NPFG Insured
|
7/16 at 100.00
|
Aa2
|
2,165,904
|
|||||
550
|
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A, 5.000%, 7/01/37 – FGIC Insured
|
7/17 at 100.00
|
BBB
|
559,999
|
|||||
1,150
|
Dormitory Authority of the State of New York, Revenue Bonds, Canisius College, Series 2005, 5.000%, 7/01/21 – NPFG Insured
|
7/15 at 100.00
|
Baa1
|
1,184,178
|
|||||
1,980
|
Dormitory Authority of the State of New York, Revenue Bonds, Convent of the Sacred Heart, Series 2011, 5.750%, 11/01/40 – AGM Insured
|
5/21 at 100.00
|
AA+
|
2,160,437
|
|||||
740
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2007, 5.000%, 7/01/32 – AMBAC Insured
|
7/17 at 100.00
|
AA–
|
788,803
|
|||||
2,400
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2009A, 5.250%, 7/01/34
|
7/19 at 100.00
|
AA–
|
2,642,664
|
|||||
3,000
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2009B, 5.000%, 7/01/39
|
7/19 at 100.00
|
AA–
|
3,197,070
|
|||||
1,200
|
Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell University, Series 2008C, 5.000%, 7/01/37
|
7/20 at 100.00
|
Aa1
|
1,316,136
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell University, Series 2010A:
|
|||||||||
5,000
|
5.000%, 7/01/35
|
7/20 at 100.00
|
Aa1
|
5,480,000
|
|||||
5,000
|
5.000%, 7/01/40
|
7/20 at 100.00
|
Aa1
|
5,480,000
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of Technology, Series 2006A:
|
|||||||||
575
|
5.250%, 7/01/20 – AMBAC Insured
|
No Opt. Call
|
A1
|
681,697
|
|||||
460
|
5.250%, 7/01/21 – AMBAC Insured
|
No Opt. Call
|
A1
|
546,719
|
|||||
4,500
|
Dormitory Authority of the State of New York, State and Local Appropriation Lease Bonds, Upstate Community Colleges, Series 2005A, 5.000%, 7/01/19 – FGIC Insured
|
7/15 at 100.00
|
AA–
|
5,007,150
|
|||||
2,390
|
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball Stadium Project, Series 2006, 5.000%, 1/01/46 – AMBAC Insured
|
1/17 at 100.00
|
BB+
|
1,965,512
|
|||||
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium Project, Series 2006:
|
|||||||||
890
|
5.000%, 3/01/31 – FGIC Insured
|
9/16 at 100.00
|
BBB–
|
894,779
|
|||||
6,080
|
5.000%, 3/01/36 – NPFG Insured
|
9/16 at 100.00
|
Baa1
|
6,058,477
|
|||||
3,685
|
4.500%, 3/01/39 – FGIC Insured
|
9/16 at 100.00
|
BBB–
|
3,346,680
|
Nuveen Investments | 25 |
Nuveen New York Investment Quality Municipal Fund, Inc. (continued)
|
||
NQN
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Education and Civic Organizations (continued)
|
|||||||||
$
|
2,000
|
New York City Trust for Cultural Resources, New York, Revenue Bonds, American Museum of Natural History, Series 2004A, 5.000%, 7/01/36 – NPFG Insured
|
7/14 at 100.00
|
AA
|
$
|
2,058,100
|
|||
800
|
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute, Series 2010A, 5.125%, 9/01/40
|
9/20 at 100.00
|
A–
|
818,944
|
|||||
66,830
|
Total Education and Civic Organizations
|
69,175,028
|
|||||||
Health Care – 17.5% (11.5% of Total Investments)
|
|||||||||
590
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, Hospital for Special Surgery, Series 2009, 6.250%, 8/15/34
|
8/19 at 100.00
|
AA+
|
696,578
|
|||||
1,715
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – AGM Insured
|
8/17 at 100.00
|
AA+
|
1,829,356
|
|||||
2,575
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured
|
2/15 at 100.00
|
BBB
|
2,771,601
|
|||||
3,535
|
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured
|
2/15 at 100.00
|
BBB
|
3,865,452
|
|||||
1,500
|
Dormitory Authority of the State of New York, Hospital Revenue Bonds, Catholic Health Services of Long Island Obligated Group – St. Francis Hospital, Series 1999A, 5.500%, 7/01/22 – NPFG Insured
|
1/12 at 100.00
|
A–
|
1,501,860
|
|||||
8,000
|
Dormitory Authority of the State of New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group – St. Charles Hospital and Rehabilitation Center, Series 1999A, 5.500%, 7/01/22 – NPFG Insured
|
1/12 at 100.00
|
A–
|
8,009,920
|
|||||
1,325
|
Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc., Series 2007B, 5.250%, 7/01/27 – AGC Insured
|
7/17 at 100.00
|
AA+
|
1,401,254
|
|||||
6,000
|
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer Center, Series 2003-1, 5.000%, 7/01/21 – NPFG Insured
|
7/13 at 100.00
|
AA
|
6,351,600
|
|||||
1,945
|
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured
|
8/14 at 100.00
|
AA+
|
2,124,368
|
|||||
1,805
|
Dormitory Authority of the State of New York, Revenue Bonds, North Shore Health System Obligated Group, Series 1998, 5.000%, 11/01/23 – NPFG Insured
|
12/11 at 100.00
|
Baa1
|
1,806,191
|
|||||
1,585
|
Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian Hospital Project, Series 2007, 5.000%, 8/15/36 – AGM Insured
|
8/14 at 100.00
|
AA+
|
1,621,724
|
|||||
8,525
|
Dormitory Authority of the State of New York, Revenue Bonds, Winthrop South Nassau University Health System Obligated Group, Series 2001B, 5.250%, 7/01/26 – AMBAC Insured
|
7/12 at 100.00
|
Baa1
|
8,552,706
|
|||||
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series 2003A:
|
|||||||||
3,150
|
5.250%, 2/15/21 – AMBAC Insured
|
2/13 at 100.00
|
Aa3
|
3,301,862
|
|||||
2,100
|
5.250%, 2/15/22 – AMBAC Insured
|
2/13 at 100.00
|
Aa3
|
2,202,165
|
|||||
935
|
Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series 2010-C2, 6.125%, 11/01/37
|
11/20 at 100.00
|
A3
|
971,895
|
|||||
45,285
|
Total Health Care
|
47,008,532
|
|||||||
Housing/Multifamily – 4.4% (2.9% of Total Investments)
|
|||||||||
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds, Series 2005A:
|
|||||||||
1,230
|
5.000%, 7/01/14 – NPFG Insured
|
No Opt. Call
|
AA+
|
1,356,346
|
|||||
1,230
|
5.000%, 7/01/16 – NPFG Insured
|
7/15 at 100.00
|
AA+
|
1,375,976
|
|||||
5,740
|
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds, Series 2005A, 5.000%, 7/01/25 – NPFG Insured (UB)
|
7/15 at 100.00
|
AA+
|
6,036,930
|
|||||
420
|
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Seaview Towers, Series 2006A, 4.750%, 7/15/39 – AMBAC Insured (Alternative Minimum Tax)
|
1/17 at 100.00
|
Aaa
|
410,151
|
|||||
2,000
|
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2007B, 5.300%, 11/01/37 (Alternative Minimum Tax)
|
11/17 at 100.00
|
Aa2
|
2,022,180
|
|||||
450
|
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2009B, 4.500%, 11/01/29
|
5/19 at 100.00
|
Aa2
|
452,570
|
26 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Housing/Multifamily (continued)
|
|||||||||
New York State Housing Finance Agency, Mortgage Revenue Refunding Bonds, Housing Project, Series 1996A:
|
|||||||||
$
|
95
|
6.100%, 11/01/15 – AGM Insured
|
11/11 at 100.00
|
AA+
|
$
|
95,429
|
|||
150
|
6.125%, 11/01/20 – AGM Insured
|
11/11 at 100.00
|
AA+
|
150,249
|
|||||
11,315
|
Total Housing/Multifamily
|
11,899,831
|
|||||||
Tax Obligation/General – 11.9% (7.8% of Total Investments)
|
|||||||||
3,000
|
Dormitory Authority of the State of New York, School Districts Revenue Bond Financing Program, Peekskill City School District, Series 2005D, 5.000%, 10/01/33 – NPFG Insured
|
10/15 at 100.00
|
Aa3
|
3,080,340
|
|||||
1,200
|
Erie County, New York, General Obligation Bonds, Series 2003A, 5.250%, 3/15/16 – NPFG Insured
|
3/13 at 100.00
|
A2
|
1,263,396
|
|||||
635
|
Erie County, New York, General Obligation Bonds, Series 2004B, 5.250%, 4/01/13 – NPFG Insured
|
No Opt. Call
|
A2
|
671,309
|
|||||
1,000
|
Monroe County, New York, General Obligation Public Improvement Bonds, Series 2002, 5.000%, 3/01/16 – FGIC Insured
|
3/12 at 100.00
|
A3
|
1,011,350
|
|||||
400
|
New York City, New York, General Obligation Bonds, Fiscal 2009 Series E, 5.000%, 8/01/28
|
8/19 at 100.00
|
AA
|
435,728
|
|||||
3,000
|
New York City, New York, General Obligation Bonds, Fiscal 2010 Series C, 5.000%, 8/01/23
|
8/19 at 100.00
|
AA
|
3,411,630
|
|||||
2,300
|
New York City, New York, General Obligation Bonds, Fiscal Series 2005J, 5.000%, 3/01/19 – FGIC Insured
|
3/15 at 100.00
|
AA
|
2,556,657
|
|||||
New York City, New York, General Obligation Bonds, Series 2004A:
|
|||||||||
3,000
|
5.000%, 11/01/19 – AGM Insured (UB)
|
11/14 at 100.00
|
AA+
|
3,309,540
|
|||||
2,300
|
5.000%, 11/01/20 – AGM Insured (UB)
|
11/14 at 100.00
|
AA+
|
2,532,185
|
|||||
Pavilion Central School District, Genesee County, New York, General Obligation Bonds, Series 2005:
|
|||||||||
1,650
|
5.000%, 6/15/16 – AGM Insured
|
6/15 at 100.00
|
AA+
|
1,844,403
|
|||||
1,815
|
5.000%, 6/15/18 – AGM Insured
|
6/15 at 100.00
|
AA+
|
2,017,572
|
|||||
1,145
|
Three Village Central School District, Brookhaven and Smithtown, Suffolk County, New York, General Obligation Bonds, Series 2005, 5.000%, 6/01/18 – FGIC Insured
|
No Opt. Call
|
Aa2
|
1,367,920
|
|||||
1,620
|
West Islip Union Free School District, Suffolk County, New York, General Obligation Bonds, Series 2005, 5.000%, 10/01/16 – AGM Insured
|
10/15 at 100.00
|
Aa3
|
1,859,890
|
|||||
6,110
|
Yonkers, New York, General Obligation Bonds, Series 2005A, 5.000%, 8/01/16 – NPFG Insured
|
8/15 at 100.00
|
A2
|
6,720,939
|
|||||
29,175
|
Total Tax Obligation/General
|
32,082,859
|
|||||||
Tax Obligation/Limited – 51.5% (33.9% of Total Investments)
|
|||||||||
1,575
|
Dormitory Authority of the State of New York, Department of Health Revenue Bonds, Series 2005A, 5.250%, 7/01/24 – CIFG Insured
|
7/15 at 100.00
|
AA–
|
1,694,306
|
|||||
1,220
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, 853 Schools Program – Anderson School, Series 1999E, Issue 2, 5.750%,
7/01/19 – AMBAC Insured |
1/12 at 100.00
|
N/R
|
1,224,441
|
|||||
2,000
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, Special Act School District Program, Series 1999, 5.750%, 7/01/19 – NPFG Insured
|
1/12 at 100.00
|
Baa1
|
2,007,100
|
|||||
1,500
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, Wayne-Finger Lakes Board of Cooperative Education Services, Series 2004, 5.000%, 8/15/23 – AGM Insured
|
8/14 at 100.00
|
AA+
|
1,570,815
|
|||||
2,410
|
Dormitory Authority of the State of New York, Revenue Bonds, Department of Health, Series 2004-2, 5.000%, 7/01/20 – FGIC Insured
|
7/14 at 100.00
|
AA–
|
2,575,206
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities Improvements, Series 2005D-1:
|
|||||||||
2,120
|
5.000%, 2/15/15 – FGIC Insured
|
No Opt. Call
|
AA–
|
2,390,088
|
|||||
1,200
|
5.000%, 8/15/23 – FGIC Insured
|
2/15 at 100.00
|
AA–
|
1,277,844
|
|||||
4,600
|
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program, Series 2002D, 5.250%, 10/01/23 – NPFG Insured
|
10/12 at 100.00
|
A+
|
4,769,648
|
|||||
3,135
|
Dormitory Authority of the State of New York, Secured Hospital Insured Revenue Bonds, Southside Hospital, Series 1998, 5.000%, 2/15/25 – NPFG Insured
|
2/12 at 100.00
|
Aa3
|
3,136,944
|
|||||
375
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series 2005F, 5.000%, 3/15/21 – AGM Insured
|
3/15 at 100.00
|
AAA
|
418,196
|
Nuveen Investments | 27 |
Nuveen New York Investment Quality Municipal Fund, Inc. (continued)
|
||
NQN
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Tax Obligation/Limited (continued)
|
|||||||||
$
|
2,400
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District Project, Series 2009A, 5.000%, 5/01/31
|
No Opt. Call
|
AA–
|
$
|
2,537,112
|
|||
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District, Series 2004:
|
|||||||||
1,290
|
5.750%, 5/01/26 – AGM Insured (UB)
|
5/14 at 100.00
|
AA+
|
1,372,367
|
|||||
1,780
|
5.750%, 5/01/27 – AGM Insured (UB)
|
5/18 at 100.00
|
AA+
|
1,998,673
|
|||||
5,630
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District, Series 2007A, 5.750%, 5/01/28 – AGM Insured (UB)
|
5/17 at 100.00
|
AA+
|
6,217,885
|
|||||
10,735
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%, 2/15/47 – FGIC Insured
|
2/17 at 100.00
|
A
|
10,620,136
|
|||||
6,000
|
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2002A, 5.250%, 11/15/25 – AGM Insured
|
11/12 at 100.00
|
AA+
|
6,245,700
|
|||||
2,760
|
Metropolitan Transportation Authority, New York, State Service Contract Bonds, Series 2002B, 5.500%, 7/01/18 – NPFG Insured
|
7/12 at 100.00
|
AA–
|
2,851,494
|
|||||
4,500
|
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, Series 2002A, 5.750%, 7/01/18 – AGM Insured (UB)
|
No Opt. Call
|
AA+
|
5,516,190
|
|||||
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, Series 2002A:
|
|||||||||
1,250
|
5.500%, 1/01/19 – NPFG Insured
|
7/12 at 100.00
|
AA–
|
1,290,663
|
|||||
2,000
|
5.500%, 1/01/20 – NPFG Insured
|
7/12 at 100.00
|
AA–
|
2,063,520
|
|||||
2,000
|
5.000%, 7/01/25 – FGIC Insured
|
7/12 at 100.00
|
AA–
|
2,052,080
|
|||||
4,095
|
5.000%, 7/01/30 – AMBAC Insured
|
7/12 at 100.00
|
AA–
|
4,188,243
|
|||||
4,820
|
Nassau County Interim Finance Authority, New York, Sales and Use Tax Revenue Bonds, Series 2004H, 5.250%, 11/15/13 – AMBAC Insured
|
No Opt. Call
|
AAA
|
5,309,278
|
|||||
Nassau County Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds, Series 2003A:
|
|||||||||
2,115
|
5.000%, 11/15/18 – AMBAC Insured
|
11/13 at 100.00
|
AAA
|
2,294,056
|
|||||
1,305
|
4.750%, 11/15/21 – AMBAC Insured
|
11/13 at 100.00
|
AAA
|
1,394,066
|
|||||
1,305
|
4.750%, 11/15/22 – AMBAC Insured
|
11/13 at 100.00
|
AAA
|
1,396,050
|
|||||
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local Government Assistance Corporation, Series 2004A:
|
|||||||||
2,200
|
5.000%, 10/15/25 – NPFG Insured (UB)
|
10/14 at 100.00
|
AAA
|
2,413,268
|
|||||
1,600
|
5.000%, 10/15/26 – NPFG Insured (UB)
|
10/14 at 100.00
|
AAA
|
1,750,368
|
|||||
6,640
|
5.000%, 10/15/29 – AMBAC Insured (UB)
|
10/14 at 100.00
|
AAA
|
7,112,502
|
|||||
1,500
|
5.000%, 10/15/32 – AMBAC Insured (UB)
|
10/14 at 100.00
|
AAA
|
1,596,105
|
|||||
35
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2003E, 5.250%, 2/01/22 – NPFG Insured
|
2/13 at 100.00
|
AAA
|
36,856
|
|||||
5
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2004C, 5.000%, 2/01/19 – SYNCORA GTY Insured
|
2/14 at 100.00
|
AAA
|
5,425
|
|||||
630
|
New York City Transitional Finance Authority, New York, Future Tax Secured Refunding Bonds, Fiscal Series 2003D, 5.000%, 2/01/22 – NPFG Insured
|
2/13 at 100.00
|
AAA
|
661,412
|
|||||
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A:
|
|||||||||
3,785
|
5.750%, 4/01/33 – AGM Insured
|
4/21 at 100.00
|
AA+
|
4,289,957
|
|||||
1,000
|
5.750%, 4/01/41
|
4/21 at 100.00
|
AA–
|
1,125,850
|
|||||
New York Convention Center Development Corporation, New York, Hotel Fee Revenue Bonds, Tender Option Bonds Trust 3095:
|
|||||||||
700
|
13.313%, 11/15/30 – AMBAC Insured (IF)
|
11/15 at 100.00
|
AA+
|
812,098
|
|||||
3,195
|
13.299%, 11/15/44 – AMBAC Insured (IF)
|
11/15 at 100.00
|
AA+
|
3,579,742
|
|||||
3,000
|
New York State Local Government Assistance Corporation, Revenue Bonds, Series 1993E, 5.250%, 4/01/16 – AGM Insured (UB)
|
No Opt. Call
|
AAA
|
3,441,390
|
|||||
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series 2005B:
|
|||||||||
7,350
|
5.500%, 4/01/20 – AMBAC Insured
|
No Opt. Call
|
AA
|
9,025,139
|
|||||
1,500
|
5.000%, 4/01/21 – AMBAC Insured
|
10/15 at 100.00
|
AA
|
1,650,105
|
|||||
1,750
|
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2004A, 5.000%, 3/15/24 – AMBAC Insured
|
9/14 at 100.00
|
AAA
|
1,918,315
|
28 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Tax Obligation/Limited (continued)
|
|||||||||
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and State Contingency Contract-Backed Bonds, Series 2003A-1:
|
|||||||||
$
|
6,300
|
5.250%, 6/01/20 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
$
|
6,742,071
|
|||
1,000
|
5.250%, 6/01/21 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
1,070,170
|
|||||
4,500
|
5.250%, 6/01/22 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
4,815,765
|
|||||
1,000
|
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, Series 2005B, 5.000%, 3/15/30 – AGM Insured
|
3/15 at 100.00
|
AAA
|
1,052,940
|
|||||
1,000
|
Niagara Falls City School District, Niagara County, New York, Certificates of Participation, High School Facility, Series 2005, 5.000%, 6/15/28 – AGM Insured
|
6/15 at 100.00
|
AA+
|
1,026,280
|
|||||
2,000
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series 2010A, 5.000%, 8/01/40 – AGM Insured
|
2/20 at 100.00
|
AA+
|
2,059,640
|
|||||
295
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series 2010C, 5.125%, 8/01/42 – AGM Insured
|
8/20 at 100.00
|
AA+
|
306,667
|
|||||
1,210
|
Suffolk County Industrial Development Agency, New York, Revenue Bonds, Hampton Bays Public Library, Series 1999A, 6.000%, 10/01/19 – NPFG Insured
|
4/12 at 101.00
|
Baa1
|
1,225,597
|
|||||
2,770
|
Syracuse Industrial Development Authority, New York, PILOT Mortgage Revenue Bonds, Carousel Center Project, Series 2007A, 5.000%, 1/01/36 – SYNCORA GTY Insured (Alternative Minimum Tax)
|
1/17 at 100.00
|
BBB–
|
2,348,184
|
|||||
129,085
|
Total Tax Obligation/Limited
|
138,477,947
|
|||||||
Transportation – 12.8% (8.4% of Total Investments)
|
|||||||||
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005A:
|
|||||||||
700
|
4.750%, 11/15/27 – NPFG Insured
|
11/15 at 100.00
|
AA+
|
742,063
|
|||||
3,000
|
4.750%, 11/15/30 – AMBAC Insured
|
11/15 at 100.00
|
A
|
3,045,300
|
|||||
2,000
|
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, Series 2002A, 5.500%, 11/15/19 – AMBAC Insured
|
11/12 at 100.00
|
A
|
2,087,500
|
|||||
710
|
New York State Thruway Authority, General Revenue Bonds, Refunding Series 2007H, 5.000%, 1/01/25 – FGIC Insured
|
1/18 at 100.00
|
A+
|
778,707
|
|||||
New York State Thruway Authority, General Revenue Bonds, Series 2005F:
|
|||||||||
1,955
|
5.000%, 1/01/20 – AMBAC Insured
|
1/15 at 100.00
|
A+
|
2,140,373
|
|||||
5,360
|
5.000%, 1/01/30 – AMBAC Insured
|
1/15 at 100.00
|
A+
|
5,722,765
|
|||||
1,500
|
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 – AGM Insured (UB)
|
7/15 at 100.00
|
AA+
|
1,592,775
|
|||||
2,300
|
Niagara Frontier Airport Authority, New York, Airport Revenue Bonds, Buffalo Niagara International Airport, Series 1999A, 5.625%, 4/01/29 – NPFG Insured (Alternative Minimum Tax)
|
4/12 at 100.00
|
Baa1
|
2,251,171
|
|||||
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth Series 2005:
|
|||||||||
2,080
|
5.000%, 12/01/19 – AGM Insured
|
6/15 at 101.00
|
AA+
|
2,351,752
|
|||||
2,625
|
5.000%, 12/01/28 – SYNCORA GTY Insured
|
6/15 at 101.00
|
Aa2
|
2,788,538
|
|||||
1,475
|
5.000%, 12/01/31 – SYNCORA GTY Insured
|
6/15 at 101.00
|
Aa2
|
1,556,435
|
|||||
870
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty Eighth Series 2008, Trust 2920, 17.484%, 8/15/32 – AGM Insured (IF)
|
8/17 at 100.00
|
AA+
|
1,109,633
|
|||||
5,025
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal LLC, Sixth Series 1997, 5.750%, 12/01/25 – NPFG Insured (Alternative Minimum Tax)
|
12/11 at 100.00
|
Baa1
|
4,917,465
|
|||||
Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue Refunding Bonds, Series 2002E:
|
|||||||||
780
|
5.500%, 11/15/20 – NPFG Insured
|
No Opt. Call
|
Aa3
|
951,054
|
|||||
2,300
|
5.250%, 11/15/22 – NPFG Insured
|
11/12 at 100.00
|
Aa3
|
2,402,373
|
|||||
32,680
|
Total Transportation
|
34,437,904
|
Nuveen Investments | 29 |
Nuveen New York Investment Quality Municipal Fund, Inc. (continued)
|
||
NQN
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
U.S. Guaranteed – 7.5% (4.9% of Total Investments) (4)
|
|||||||||
$
|
600
|
Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk County Issue, Series 1986, 7.375%, 7/01/16 – BIGI Insured (ETM)
|
No Opt. Call
|
Aaa
|
$
|
703,464
|
|||
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District, Series 2003:
|
|||||||||
1,000
|
5.750%, 5/01/20 (Pre-refunded 5/01/12) – AGM Insured
|
5/12 at 100.00
|
AA+ (4)
|
1,032,520
|
|||||
1,200
|
5.750%, 5/01/22 (Pre-refunded 5/01/12) – AGM Insured
|
5/12 at 100.00
|
AA+ (4)
|
1,239,024
|
|||||
945
|
Metropolitan Transportation Authority, New York, Commuter Facilities Revenue Bonds, Series 1997B, 5.000%, 7/01/20 – AMBAC Insured (ETM)
|
11/11 at 100.00
|
N/R (4)
|
987,752
|
|||||
5,090
|
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 1998A, 5.000%, 4/01/23 (Pre-refunded 10/01/15) – FGIC Insured
|
10/15 at 100.00
|
AA+ (4)
|
5,989,963
|
|||||
1,000
|
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 1999A, 5.000%, 4/01/29 (Pre-refunded 10/01/14) – AGM Insured
|
10/14 at 100.00
|
AA+ (4)
|
1,137,000
|
|||||
1,435
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2003C, 5.250%, 8/01/20 (Pre-refunded 8/01/12) – AMBAC Insured
|
8/12 at 100.00
|
AAA
|
1,495,442
|
|||||
1,625
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2003E, 5.250%, 2/01/22 (Pre-refunded 2/01/13) – NPFG Insured
|
2/13 at 100.00
|
Aaa
|
1,731,828
|
|||||
1,995
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2004C, 5.000%, 2/01/19 (Pre-refunded 2/01/14) – SYNCORA GTY Insured
|
2/14 at 100.00
|
AAA
|
2,209,901
|
|||||
3,280
|
New York City Transitional Finance Authority, New York, Future Tax Secured Refunding Bonds, Fiscal Series 2003D, 5.000%, 2/01/22
(Pre-refunded 2/01/13) – NPFG Insured |
2/13 at 100.00
|
Aaa
|
3,484,705
|
|||||
18,170
|
Total U.S. Guaranteed
|
20,011,599
|
|||||||
Utilities – 10.1% (6.7% of Total Investments)
|
|||||||||
2,500
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2001A, 5.000%, 9/01/27 – AGM Insured
|
3/12 at 100.00
|
AA+
|
2,503,850
|
|||||
2,620
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2003C, 5.000%, 9/01/16 – CIFG Insured
|
9/13 at 100.00
|
A3
|
2,791,400
|
|||||
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
|
|||||||||
4,540
|
5.000%, 12/01/23 – FGIC Insured
|
6/16 at 100.00
|
A–
|
4,902,292
|
|||||
6,160
|
5.000%, 12/01/25 – FGIC Insured
|
6/16 at 100.00
|
A–
|
6,572,350
|
|||||
3,000
|
5.000%, 12/01/26 – AGC Insured
|
6/16 at 100.00
|
AA+
|
3,277,560
|
|||||
625
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B, 5.000%, 12/01/35 – CIFG Insured
|
6/16 at 100.00
|
A–
|
639,706
|
|||||
3,310
|
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2008A, 5.500%, 5/01/33 – BHAC Insured
|
5/19 at 100.00
|
AA+
|
3,649,076
|
|||||
2,000
|
New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, Rochester Gas and Electric Corporation, Series 1998A, 5.950%, 9/01/33 – NPFG Insured (Alternative Minimum Tax)
|
3/12 at 100.00
|
Baa1
|
2,001,040
|
|||||
760
|
Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%, 11/15/19 – FGIC Insured
|
11/15 at 100.00
|
Aa2
|
854,901
|
|||||
25,515
|
Total Utilities
|
27,192,175
|
|||||||
Water and Sewer – 9.1% (5.9% of Total Investments)
|
|||||||||
3,000
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Second Generation Resolution, Fiscal 2010 Series 2009BB, 5.000%, 6/15/27
|
6/19 at 100.00
|
AA+
|
3,303,690
|
|||||
2,575
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Series 2006B, 5.000%, 6/15/36 – NPFG Insured (UB)
|
6/16 at 100.00
|
AAA
|
2,701,819
|
|||||
3,000
|
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue Bonds, Fiscal Series 2004C, 5.000%, 6/15/35 – AMBAC Insured
|
6/14 at 100.00
|
AAA
|
3,134,040
|
30 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Water and Sewer (continued)
|
|||||||||
$
|
5,030
|
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue Bonds, Fiscal Series 2005C, 5.000%, 6/01/28 – NPFG Insured (UB)
|
6/15 at 100.00
|
AAA
|
$
|
5,513,685
|
|||
3,845
|
New York State Environmental Facilities Corporation, Revenue Bonds, State Revolving Funds Master Financing, Series 2010C, 5.000%, 10/15/35
|
4/20 at 100.00
|
AAA
|
4,189,051
|
|||||
5,200
|
Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2005C, 5.000%, 6/01/28 – NPFG Insured (UB)
|
6/15 at 100.00
|
AAA
|
5,454,280
|
|||||
22,650
|
Total Water and Sewer
|
24,296,565
|
|||||||
$
|
387,175
|
Total Investments (cost $391,293,844) – 152.2%
|
409,129,815
|
||||||
Floating Rate Obligations – (13.8)%
|
(37,145,000
|
) | |||||||
Variable Rate Demand Preferred Shares, at Liquidation Value – (41.8)% (5)
|
(112,300,000
|
) | |||||||
Other Assets Less Liabilities – 3.4%
|
9,108,302
|
||||||||
Net Assets Applicable to Common Shares – 100%
|
$
|
268,793,117
|
The fund intends to invest at least 80% of its managed assets in municipal securities that are covered by insurance guaranteeing the timely payment of principal and interest. See Notes to the Financial Statements, Footnote 1 – General Information and Significant Accounting Policies, Insurance for more information.
|
||
(1)
|
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares unless otherwise noted.
|
|
(2)
|
Optional Call Provisions (not covered by the report of independent registered public accounting firm): Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.
|
|
(3)
|
Ratings (not covered by the report of independent registered public accounting firm): Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.
|
|
(4)
|
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. Bonds backed by U.S. Government or agency securities are given an implied rating equal to the rating of such securities.
|
|
(5)
|
Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Investments is 27.4%.
|
|
N/R
|
Not rated.
|
|
(ETM)
|
Escrowed to maturity.
|
|
(IF)
|
Inverse floating rate investment.
|
|
(UB)
|
Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Footnote 1 – General Information and Significant Accounting Policies, Inverse Floating Rate Securities for more information.
|
|
See accompanying notes to financial statements.
|
Nuveen Investments | 31 |
Nuveen New York Select Quality Municipal Fund, Inc.
|
||
NVN
|
Portfolio of Investments
|
|
September 30, 2011
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Consumer Staples – 1.8% (1.2% of Total Investments)
|
|||||||||
$
|
9,210
|
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006, 5.125%, 6/01/42
|
6/16 at 100.00
|
BBB–
|
$
|
6,473,156
|
|||
Education and Civic Organizations – 26.0% (17.3% of Total Investments)
|
|||||||||
2,500
|
Dormitory Authority of the State of New York, General Revenue Bonds, New York University, Series 2001-1, 5.500%, 7/01/40 – AMBAC Insured
|
No Opt. Call
|
AA–
|
3,102,925
|
|||||
3,000
|
Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University, Series 2007A, 5.250%, 7/01/32 – NPFG Insured
|
7/17 at 100.00
|
A–
|
3,122,730
|
|||||
1,235
|
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured
|
No Opt. Call
|
BBB
|
1,268,925
|
|||||
695
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, Fordham University, Series 2002, 5.000%, 7/01/18 – FGIC Insured
|
7/12 at 100.00
|
A2
|
709,637
|
|||||
Dormitory Authority of the State of New York, Insured Revenue Bonds, New York University, Series 2001-2:
|
|||||||||
1,350
|
5.500%, 7/01/18 – AMBAC Insured
|
1/12 at 100.00
|
AA–
|
1,354,523
|
|||||
800
|
5.500%, 7/01/20 – AMBAC Insured
|
1/12 at 100.00
|
AA–
|
803,008
|
|||||
600
|
5.500%, 7/01/21 – AMBAC Insured
|
1/12 at 100.00
|
AA–
|
602,256
|
|||||
2,125
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, Yeshiva University, Series 2001, 5.000%, 7/01/19 – AMBAC Insured
|
1/12 at 100.00
|
A2
|
2,129,271
|
|||||
2,000
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – SYNCORA GTY Insured
|
No Opt. Call
|
Aa2
|
2,147,840
|
|||||
1,835
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured
|
7/15 at 100.00
|
Aa2
|
1,908,951
|
|||||
2,790
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2006A, 5.000%, 7/01/31 – NPFG Insured
|
7/16 at 100.00
|
Aa2
|
2,905,227
|
|||||
6,215
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2009A, 5.000%, 7/01/39
|
7/19 at 100.00
|
Aa2
|
6,606,234
|
|||||
735
|
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A, 5.000%, 7/01/37 – FGIC Insured
|
7/17 at 100.00
|
BBB
|
748,362
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Canisius College, Series 2000:
|
|||||||||
1,000
|
5.100%, 7/01/20 – NPFG Insured
|
1/12 at 101.00
|
Baa1
|
1,011,130
|
|||||
2,875
|
5.250%, 7/01/30 – NPFG Insured
|
1/12 at 101.00
|
Baa1
|
2,884,976
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Convent of the Sacred Heart, Series 2011:
|
|||||||||
1,000
|
5.625%, 11/01/35 – AGM Insured
|
5/21 at 100.00
|
AA+
|
1,090,430
|
|||||
1,020
|
5.750%, 11/01/40 – AGM Insured
|
5/21 at 100.00
|
AA+
|
1,112,953
|
|||||
995
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2007, 5.000%, 7/01/32 – AMBAC Insured
|
7/17 at 100.00
|
AA–
|
1,060,620
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2009A:
|
|||||||||
3,300
|
5.250%, 7/01/34
|
7/19 at 100.00
|
AA–
|
3,633,663
|
|||||
3,890
|
5.000%, 7/01/39
|
7/19 at 100.00
|
AA–
|
4,145,534
|
|||||
3,750
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2009B, 5.000%, 7/01/39
|
7/19 at 100.00
|
AA–
|
3,996,338
|
|||||
1,600
|
Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell University, Series 2008C, 5.000%, 7/01/37
|
7/20 at 100.00
|
Aa1
|
1,754,848
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of Technology, Series 2006A:
|
|||||||||
775
|
5.250%, 7/01/20 – AMBAC Insured
|
No Opt. Call
|
A1
|
918,809
|
|||||
620
|
5.250%, 7/01/21 – AMBAC Insured
|
No Opt. Call
|
A1
|
736,882
|
|||||
3,545
|
Madison County Industrial Development Agency, New York, Civic Facility Revenue
Bonds, Colgate University, Tender Option Bond Trust 3127, 12.986%, 1/01/14 –
AMBAC Insured (IF)
|
No Opt. Call
|
AA+
|
3,932,114
|
|||||
1,000
|
Nassau County Industrial Development Agency, New York, Revenue Refunding Bonds, Hofstra University, Series 1998, 5.000%, 7/01/23 – NPFG Insured
|
1/12 at 100.00
|
A
|
1,003,000
|
32 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Education and Civic Organizations (continued)
|
|||||||||
$
|
7,250
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Horace Mann School, Series 1998, 5.000%, 7/01/28 – NPFG Insured
|
1/12 at 100.00
|
Baa1
|
$
|
7,255,003
|
|||
800
|
New York City Industrial Development Agency, New York, Payment in Lieu of Taxes Revenue Bonds, Queens Baseball Stadium Project, Series 2009, 6.375%, 1/01/39 – AGC Insured
|
1/19 at 100.00
|
AA+
|
864,384
|
|||||
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball Stadium Project, Series 2006:
|
|||||||||
2,000
|
5.000%, 1/01/36 – AMBAC Insured
|
1/17 at 100.00
|
BB+
|
1,749,420
|
|||||
3,200
|
5.000%, 1/01/46 – AMBAC Insured
|
1/17 at 100.00
|
BB+
|
2,631,648
|
|||||
1,905
|
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured
|
3/19 at 100.00
|
AA+
|
2,194,084
|
|||||
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium Project, Series 2006:
|
|||||||||
1,195
|
5.000%, 3/01/31 – FGIC Insured
|
9/16 at 100.00
|
BBB–
|
1,201,417
|
|||||
9,735
|
5.000%, 3/01/36 – NPFG Insured
|
9/16 at 100.00
|
Baa1
|
9,700,538
|
|||||
5,830
|
4.500%, 3/01/39 – FGIC Insured
|
9/16 at 100.00
|
BBB–
|
5,294,748
|
|||||
2,000
|
New York City Trust for Cultural Resources, New York, Revenue Bonds, American Museum of Natural History, Series 2004A, 5.000%, 7/01/36 – NPFG Insured
|
7/14 at 100.00
|
AA
|
2,058,100
|
|||||
2,400
|
New York City Trust for Cultural Resources, New York, Revenue Bonds, Whitney Museum of American Art, Series 2011, 5.000%, 7/01/31
|
1/21 at 100.00
|
A
|
2,448,840
|
|||||
1,000
|
Onongada County Trust For Cultural Resources, New York, Revenue Bonds, Syracuse University Project, Series 2011, 5.000%, 12/01/36
|
12/21 at 100.00
|
Aa3
|
1,086,750
|
|||||
1,390
|
Tompkins County Development Corporation, New York, Revenue Bonds, Ithaca College, Series 2011, 5.500%, 7/01/33 – AGM Insured
|
1/21 at 100.00
|
Aa3
|
1,520,021
|
|||||
1,100
|
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute, Series 2010A, 5.125%, 9/01/40
|
9/20 at 100.00
|
A–
|
1,126,048
|
|||||
91,055
|
Total Education and Civic Organizations
|
93,822,187
|
|||||||
Health Care – 14.2% (9.4% of Total Investments)
|
|||||||||
2,660
|
Albany Capital Resource Corporation, New York, St. Peter’s Hospital Project, Series 2011, 6.125%, 11/15/30
|
11/20 at 100.00
|
BBB+
|
2,817,951
|
|||||
810
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, Hospital for Special Surgery, Series 2009, 6.250%, 8/15/34
|
8/19 at 100.00
|
AA+
|
956,318
|
|||||
2,295
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – AGM Insured
|
8/17 at 100.00
|
AA+
|
2,448,031
|
|||||
2,655
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured
|
2/15 at 100.00
|
BBB
|
2,857,709
|
|||||
1,000
|
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured
|
2/15 at 100.00
|
BBB
|
1,093,480
|
|||||
6,430
|
Dormitory Authority of the State of New York, Hospital Revenue Bonds, Catholic Health Services of Long Island Obligated Group – St. Francis Hospital, Series 1999A, 5.500%, 7/01/24 – NPFG Insured
|
1/12 at 100.00
|
A–
|
6,435,787
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc., Series 2007B:
|
|||||||||
1,000
|
5.250%, 7/01/27 – AGC Insured
|
7/17 at 100.00
|
AA+
|
1,057,550
|
|||||
825
|
5.125%, 7/01/37 – AGC Insured
|
7/17 at 100.00
|
AA+
|
853,991
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer Center, Series 2003-1:
|
|||||||||
2,500
|
5.000%, 7/01/21 – NPFG Insured
|
7/13 at 100.00
|
AA
|
2,646,500
|
|||||
3,210
|
5.000%, 7/01/22 – NPFG Insured
|
7/13 at 100.00
|
AA
|
3,391,237
|
|||||
2,690
|
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured
|
8/14 at 100.00
|
AA+
|
2,938,072
|
|||||
2,120
|
Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian Hospital Project, Series 2007, 5.000%, 8/15/36 – AGM Insured
|
8/14 at 100.00
|
AA+
|
2,169,120
|
Nuveen Investments | 33 |
Nuveen New York Select Quality Municipal Fund, Inc. (continued)
|
||
NVN
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Health Care (continued)
|
|||||||||
$
|
12,020
|
Dormitory Authority of the State of New York, Revenue Bonds, Winthrop South Nassau University Health System Obligated Group, Series 2001A, 5.250%, 7/01/26 – AMBAC Insured
|
7/12 at 100.00
|
N/R
|
$
|
12,059,065
|
|||
2,025
|
Dormitory Authority of the State of New York, Revenue Bonds, Winthrop South Nassau University Health System Obligated Group, Series 2001B, 5.250%, 7/01/31 – AMBAC Insured
|
7/12 at 100.00
|
Baa1
|
2,028,746
|
|||||
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series 2003A:
|
|||||||||
2,800
|
5.250%, 2/15/21 – AMBAC Insured
|
2/13 at 100.00
|
Aa3
|
2,934,988
|
|||||
3,065
|
5.250%, 2/15/22 – AMBAC Insured
|
2/13 at 100.00
|
Aa3
|
3,214,112
|
|||||
1,320
|
Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series 2010-C2, 6.125%, 11/01/37
|
11/20 at 100.00
|
A3
|
1,372,087
|
|||||
49,425
|
Total Health Care
|
51,274,744
|
|||||||
Housing/Multifamily – 3.9% (2.5% of Total Investments)
|
|||||||||
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds, Series 2005A:
|
|||||||||
1,470
|
5.000%, 7/01/14 – NPFG Insured
|
No Opt. Call
|
AA+
|
1,620,998
|
|||||
1,470
|
5.000%, 7/01/16 – NPFG Insured
|
7/15 at 100.00
|
AA+
|
1,644,460
|
|||||
5,445
|
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds, Series 2005A, 5.000%, 7/01/25 – NPFG Insured (UB)
|
7/15 at 100.00
|
AA+
|
5,726,670
|
|||||
976
|
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Pass-Through Certificates, Series 1991C, 6.500%, 2/20/19 – AMBAC Insured
|
10/11 at 105.00
|
N/R
|
1,028,217
|
|||||
540
|
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Seaview Towers, Series 2006A, 4.750%, 7/15/39 – AMBAC Insured (Alternative Minimum Tax)
|
1/17 at 100.00
|
Aaa
|
527,337
|
|||||
3,000
|
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2007B, 5.300%, 11/01/37 (Alternative Minimum Tax)
|
11/17 at 100.00
|
Aa2
|
3,033,270
|
|||||
New York State Housing Finance Agency, Mortgage Revenue Refunding Bonds, Housing Project, Series 1996A:
|
|||||||||
50
|
6.100%, 11/01/15 – AGM Insured
|
11/11 at 100.00
|
AA+
|
50,226
|
|||||
200
|
6.125%, 11/01/20 – AGM Insured
|
11/11 at 100.00
|
AA+
|
200,332
|
|||||
13,151
|
Total Housing/Multifamily
|
13,831,510
|
|||||||
Tax Obligation/General – 8.2% (5.5% of Total Investments)
|
|||||||||
1,500
|
Erie County, New York, General Obligation Bonds, Series 2003A, 5.250%, 3/15/16 – NPFG Insured
|
3/13 at 100.00
|
A2
|
1,579,245
|
|||||
745
|
Erie County, New York, General Obligation Bonds, Series 2004B, 5.250%, 4/01/13 – NPFG Insured
|
No Opt. Call
|
A2
|
787,599
|
|||||
2,000
|
Erie County, New York, General Obligation Bonds, Series 2005A, 5.000%, 12/01/18 – NPFG Insured
|
12/15 at 100.00
|
A2
|
2,217,920
|
|||||
600
|
New York City, New York, General Obligation Bonds, Fiscal 2009 Series E, 5.000%, 8/01/28
|
8/19 at 100.00
|
AA
|
653,592
|
|||||
New York City, New York, General Obligation Bonds, Fiscal Series 1998H:
|
|||||||||
85
|
5.125%, 8/01/25 – NPFG Insured
|
12/11 at 100.00
|
AA
|
85,280
|
|||||
70
|
5.375%, 8/01/27 – NPFG Insured
|
12/11 at 100.00
|
AA
|
70,216
|
|||||
2,900
|
New York City, New York, General Obligation Bonds, Fiscal Series 2005J, 5.000%, 3/01/19 – FGIC Insured
|
3/15 at 100.00
|
AA
|
3,223,611
|
|||||
New York City, New York, General Obligation Bonds, Series 2004E:
|
|||||||||
3,250
|
5.000%, 11/01/19 – AGM Insured (UB)
|
11/14 at 100.00
|
AA+
|
3,585,335
|
|||||
1,650
|
5.000%, 11/01/20 – AGM Insured (UB)
|
11/14 at 100.00
|
AA+
|
1,816,568
|
|||||
Rensselaer County, New York, General Obligation Bonds, Series 1991:
|
|||||||||
960
|
6.700%, 2/15/16 – AMBAC Insured
|
No Opt. Call
|
AA–
|
1,169,741
|
|||||
960
|
6.700%, 2/15/17 – AMBAC Insured
|
No Opt. Call
|
AA–
|
1,206,893
|
|||||
960
|
6.700%, 2/15/18 – AMBAC Insured
|
No Opt. Call
|
AA–
|
1,228,973
|
|||||
960
|
6.700%, 2/15/19 – AMBAC Insured
|
No Opt. Call
|
AA–
|
1,247,722
|
|||||
960
|
6.700%, 2/15/20 – AMBAC Insured
|
No Opt. Call
|
AA–
|
1,266,682
|
|||||
747
|
6.700%, 2/15/21 – AMBAC Insured
|
No Opt. Call
|
AA–
|
997,021
|
34 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Tax Obligation/General (continued)
|
|||||||||
Rochester, New York, General Obligation Bonds, Series 1999:
|
|||||||||
$
|
735
|
5.250%, 10/01/20 – NPFG Insured
|
No Opt. Call
|
Aa3
|
$
|
882,735
|
|||
735
|
5.250%, 10/01/21 – NPFG Insured
|
No Opt. Call
|
Aa3
|
885,455
|
|||||
730
|
5.250%, 10/01/22 – NPFG Insured
|
No Opt. Call
|
Aa3
|
881,278
|
|||||
730
|
5.250%, 10/01/23 – NPFG Insured
|
No Opt. Call
|
Aa3
|
878,015
|
|||||
730
|
5.250%, 10/01/24 – NPFG Insured
|
No Opt. Call
|
Aa3
|
878,832
|
|||||
730
|
5.250%, 10/01/25 – NPFG Insured
|
No Opt. Call
|
Aa3
|
878,832
|
|||||
725
|
5.250%, 10/01/26 – NPFG Insured
|
No Opt. Call
|
Aa3
|
872,574
|
|||||
2,190
|
Yonkers, New York, General Obligation Bonds, Series 2005B, 5.000%, 8/01/19 – NPFG Insured
|
8/15 at 100.00
|
A2
|
2,334,825
|
|||||
25,652
|
Total Tax Obligation/General
|
29,628,944
|
|||||||
Tax Obligation/Limited – 49.6% (32.9% of Total Investments)
|
|||||||||
7,145
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, Special Act School District Program, Series 1999, 5.750%, 7/01/19 – NPFG Insured
|
1/12 at 100.00
|
Baa1
|
7,170,365
|
|||||
3,610
|
Dormitory Authority of the State of New York, Revenue Bonds, Department of Health, Series 2004-2, 5.000%, 7/01/20 – FGIC Insured
|
7/14 at 100.00
|
AA–
|
3,857,466
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities Improvements, Series 2005D-1:
|
|||||||||
670
|
5.000%, 2/15/15 – FGIC Insured
|
No Opt. Call
|
AA–
|
755,358
|
|||||
1,715
|
5.000%, 8/15/23 – FGIC Insured
|
2/15 at 100.00
|
AA–
|
1,826,252
|
|||||
7,925
|
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program, Series 2002D, 5.250%, 10/01/23 – NPFG Insured
|
10/12 at 100.00
|
A+
|
8,217,274
|
|||||
1,090
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series 2005F, 5.000%, 3/15/21 – AGM Insured
|
3/15 at 100.00
|
AAA
|
1,215,557
|
|||||
1,700
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District, Series 2004, 5.750%, 5/01/26 – AGM Insured (UB)
|
5/14 at 100.00
|
AA+
|
1,808,545
|
|||||
7,545
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District, Series 2007A, 5.750%, 5/01/28 – AGM Insured (UB)
|
5/17 at 100.00
|
AA+
|
8,332,849
|
|||||
2,390
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District Project, Series 2008A, 5.750%, 5/01/28 – AGM Insured (UB)
|
5/18 at 100.00
|
AA+
|
2,679,166
|
|||||
3,300
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District Project, Series 2009A, 5.000%, 5/01/31
|
No Opt. Call
|
AA–
|
3,488,529
|
|||||
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A:
|
|||||||||
14,405
|
5.000%, 2/15/47 – FGIC Insured
|
2/17 at 100.00
|
A
|
14,250,867
|
|||||
2,100
|
5.000%, 2/15/47 – AGM Insured
|
2/17 at 100.00
|
AA+
|
2,127,027
|
|||||
7,500
|
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2002A, 5.250%, 11/15/25 – AGM Insured
|
11/12 at 100.00
|
AA+
|
7,807,125
|
|||||
4,600
|
Metropolitan Transportation Authority, New York, State Service Contract Bonds, Series 2002B, 5.500%, 7/01/18 – NPFG Insured
|
7/12 at 100.00
|
AA–
|
4,752,490
|
|||||
2,000
|
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bond, Series 2002A, 5.750%, 7/01/18 – AGM Insured (UB)
|
No Opt. Call
|
AA+
|
2,451,640
|
|||||
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, Series 2002A:
|
|||||||||
3,000
|
5.500%, 1/01/19 – NPFG Insured
|
7/12 at 100.00
|
AA–
|
3,097,590
|
|||||
5,000
|
5.500%, 1/01/20 – NPFG Insured
|
7/12 at 100.00
|
AA–
|
5,158,800
|
|||||
2,375
|
5.000%, 7/01/25 – FGIC Insured
|
7/12 at 100.00
|
AA–
|
2,436,845
|
|||||
4,050
|
5.000%, 7/01/30 – AMBAC Insured
|
7/12 at 100.00
|
AA–
|
4,142,219
|
|||||
Nassau County Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds, Series 2003A:
|
|||||||||
4,000
|
5.000%, 11/15/18 – AMBAC Insured
|
11/13 at 100.00
|
AAA
|
4,338,640
|
|||||
1,560
|
4.750%, 11/15/21 – AMBAC Insured
|
11/13 at 100.00
|
AAA
|
1,666,470
|
|||||
1,560
|
4.750%, 11/15/22 – AMBAC Insured
|
11/13 at 100.00
|
AAA
|
1,668,841
|
Nuveen Investments | 35 |
Nuveen New York Select Quality Municipal Fund, Inc. (continued)
|
||
NVN
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Tax Obligation/Limited (continued)
|
|||||||||
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local Government Assistance Corporation, Series 2004A:
|
|||||||||
$
|
3,640
|
5.000%, 10/15/25 – NPFG Insured (UB)
|
10/14 at 100.00
|
AAA
|
$
|
3,992,862
|
|||
1,960
|
5.000%, 10/15/26 – NPFG Insured (UB)
|
10/14 at 100.00
|
AAA
|
2,144,201
|
|||||
5,420
|
5.000%, 10/15/29 – AMBAC Insured (UB)
|
10/14 at 100.00
|
AAA
|
5,805,687
|
|||||
1,500
|
5.000%, 10/15/32 – AMBAC Insured (UB)
|
10/14 at 100.00
|
AAA
|
1,596,105
|
|||||
5,600
|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
|
1/17 at 100.00
|
AA–
|
5,948,040
|
|||||
60
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2003E, 5.250%, 2/01/22 – NPFG Insured
|
2/13 at 100.00
|
AAA
|
63,181
|
|||||
3,800
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2007B, 5.000%, 11/01/30
|
5/17 at 100.00
|
AAA
|
4,128,016
|
|||||
565
|
New York City Transitional Finance Authority, New York, Future Tax Secured Refunding Bonds, Fiscal Series 2003D, 5.000%, 2/01/22 – NPFG Insured
|
2/13 at 100.00
|
AAA
|
593,171
|
|||||
4,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds, Subordinate Lien Series 2011C, 5.500%, 11/01/35
|
11/20 at 100.00
|
AAA
|
4,556,120
|
|||||
1,660
|
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A, 5.750%, 4/01/33 – AGM Insured
|
4/21 at 100.00
|
AA+
|
1,881,461
|
|||||
New York Convention Center Development Corporation, New York, Hotel Fee Revenue Bonds, Tender Option Bonds Trust 3095:
|
|||||||||
835
|
13.313%, 11/15/30 – AMBAC Insured (IF)
|
11/15 at 100.00
|
AA+
|
968,717
|
|||||
3,955
|
13.299%, 11/15/44 – AMBAC Insured (IF)
|
11/15 at 100.00
|
AA+
|
4,431,261
|
|||||
New York State Municipal Bond Bank Agency, Buffalo, Special Program Revenue Bonds, Series 2001A:
|
|||||||||
875
|
5.125%, 5/15/19 – AMBAC Insured
|
11/11 at 100.00
|
A1
|
877,468
|
|||||
920
|
5.125%, 5/15/20 – AMBAC Insured
|
11/11 at 100.00
|
A1
|
922,484
|
|||||
965
|
5.250%, 5/15/21 – AMBAC Insured
|
11/11 at 100.00
|
A1
|
968,387
|
|||||
1,015
|
5.250%, 5/15/22 – AMBAC Insured
|
11/11 at 100.00
|
A1
|
1,018,380
|
|||||
1,000
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series 2004A, 5.000%, 4/01/22 – NPFG Insured
|
4/14 at 100.00
|
AA
|
1,063,120
|
|||||
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series 2005B:
|
|||||||||
8,455
|
5.500%, 4/01/20 – AMBAC Insured
|
No Opt. Call
|
AA
|
10,381,979
|
|||||
1,500
|
5.000%, 4/01/21 – AMBAC Insured
|
10/15 at 100.00
|
AA
|
1,650,105
|
|||||
1,000
|
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2004A, 5.000%, 3/15/24 – AMBAC Insured
|
9/14 at 100.00
|
AAA
|
1,096,180
|
|||||
1,600
|
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2010A, 5.000%, 3/15/29
|
9/20 at 100.00
|
AAA
|
1,787,728
|
|||||
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and State Contingency Contract-Backed Bonds, Series 2003A-1:
|
|||||||||
11,100
|
5.250%, 6/01/20 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
11,878,887
|
|||||
1,000
|
5.250%, 6/01/21 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
1,070,170
|
|||||
4,565
|
5.250%, 6/01/22 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
4,885,326
|
|||||
500
|
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, Series 2005B, 5.000%, 3/15/30 – AGM Insured
|
3/15 at 100.00
|
AAA
|
526,470
|
|||||
4,000
|
Puerto Rico Highway and Transportation Authority, Highway Revenue Refunding Bonds, Series 2002E, 5.500%, 7/01/18 – AGM Insured
|
No Opt. Call
|
AA+
|
4,422,720
|
|||||
2,500
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series 2010A, 5.000%, 8/01/40 – AGM Insured
|
2/20 at 100.00
|
AA+
|
2,574,550
|
|||||
1,175
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series 2010C, 5.125%, 8/01/42 – AGM Insured
|
8/20 at 100.00
|
AA+
|
1,221,471
|
|||||
3,715
|
Syracuse Industrial Development Authority, New York, PILOT Mortgage Revenue Bonds, Carousel Center Project, Series 2007A, 5.000%, 1/01/36 – SYNCORA GTY Insured (Alternative Minimum Tax)
|
1/17 at 100.00
|
BBB–
|
3,149,280
|
|||||
168,120
|
Total Tax Obligation/Limited
|
178,853,442
|
36 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Transportation – 10.9% (7.2% of Total Investments)
|
|||||||||
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005A:
|
|||||||||
$
|
1,900
|
4.750%, 11/15/27 – NPFG Insured
|
11/15 at 100.00
|
AA+
|
$
|
2,014,171
|
|||
4,000
|
4.750%, 11/15/30 – AMBAC Insured
|
11/15 at 100.00
|
A
|
4,060,400
|
|||||
1,000
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2011A, 5.000%, 11/15/41
|
11/21 at 100.00
|
A
|
1,047,300
|
|||||
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, Series 2002A:
|
|||||||||
6,000
|
5.500%, 11/15/18 – AMBAC Insured
|
11/12 at 100.00
|
A
|
6,283,200
|
|||||
2,000
|
5.125%, 11/15/22 – FGIC Insured
|
11/12 at 100.00
|
A
|
2,077,520
|
|||||
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, Series 2002E:
|
|||||||||
1,335
|
5.500%, 11/15/21 – NPFG Insured
|
11/12 at 100.00
|
A
|
1,390,349
|
|||||
4,575
|
5.000%, 11/15/25 – NPFG Insured
|
11/12 at 100.00
|
A
|
4,745,968
|
|||||
955
|
New York State Thruway Authority, General Revenue Bonds, Refunding Series 2007H, 5.000%, 1/01/25 – FGIC Insured
|
1/18 at 100.00
|
A+
|
1,047,415
|
|||||
New York State Thruway Authority, General Revenue Bonds, Series 2005F:
|
|||||||||
2,625
|
5.000%, 1/01/20 – AMBAC Insured
|
1/15 at 100.00
|
A+
|
2,873,903
|
|||||
425
|
5.000%, 1/01/30 – AMBAC Insured
|
1/15 at 100.00
|
A+
|
453,764
|
|||||
1,650
|
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 – AGM Insured (UB)
|
7/15 at 100.00
|
AA+
|
1,752,053
|
|||||
2,500
|
Niagara Frontier Airport Authority, New York, Airport Revenue Bonds, Buffalo Niagara International Airport, Series 1999A, 5.625%, 4/01/29 – NPFG Insured (Alternative Minimum Tax)
|
4/12 at 100.00
|
Baa1
|
2,446,925
|
|||||
1,675
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth Series 2005, 5.000%, 12/01/31 – SYNCORA GTY Insured
|
6/15 at 101.00
|
Aa2
|
1,767,477
|
|||||
1,170
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty Eighth Series 2008, Trust 2920, 17.484%, 8/15/32 – AGM Insured (IF)
|
8/17 at 100.00
|
AA+
|
1,492,265
|
|||||
Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue Refunding Bonds, Series 2002E:
|
|||||||||
1,570
|
5.500%, 11/15/20 – NPFG Insured
|
No Opt. Call
|
Aa3
|
1,914,301
|
|||||
3,800
|
5.250%, 11/15/22 – NPFG Insured
|
11/12 at 100.00
|
Aa3
|
3,969,138
|
|||||
37,180
|
Total Transportation
|
39,336,149
|
|||||||
U.S. Guaranteed – 13.0% (8.6% of Total Investments) (4)
|
|||||||||
505
|
Dormitory Authority of the State of New York, Suffolk County, Lease Revenue Bonds, Judicial Facilities, Series 1991A, 9.500%, 4/15/14 – FGIC Insured (ETM)
|
4/12 at 103.06
|
Baa1 (4)
|
571,867
|
|||||
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District, Series 2003:
|
|||||||||
1,230
|
5.750%, 5/01/20 (Pre-refunded 5/01/12) – AGM Insured
|
5/12 at 100.00
|
AA+ (4)
|
1,270,000
|
|||||
1,225
|
5.750%, 5/01/22 (Pre-refunded 5/01/12) – AGM Insured
|
5/12 at 100.00
|
AA+ (4)
|
1,264,837
|
|||||
11,000
|
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 1998A, 4.750%, 4/01/28 (Pre-refunded 10/01/15) – FGIC Insured
|
10/15 at 100.00
|
AA+ (4)
|
12,836,120
|
|||||
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 1999A:
|
|||||||||
4,000
|
5.000%, 4/01/17 (Pre-refunded 10/01/14) – AGM Insured
|
10/14 at 100.00
|
AA+ (4)
|
4,548,000
|
|||||
3,250
|
5.000%, 4/01/29 (Pre-refunded 10/01/14) – AGM Insured
|
10/14 at 100.00
|
AA+ (4)
|
3,695,250
|
|||||
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2002B:
|
|||||||||
2,820
|
5.250%, 5/01/16 (Pre-refunded 11/01/11) – NPFG Insured
|
11/11 at 101.00
|
AAA
|
2,860,580
|
|||||
1,000
|
5.250%, 5/01/17 (Pre-refunded 11/01/11) – NPFG Insured
|
11/11 at 101.00
|
Aaa
|
1,014,390
|
|||||
6,750
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2003C, 5.250%, 8/01/21 (Pre-refunded 8/01/12) – AMBAC Insured
|
8/12 at 100.00
|
AAA
|
7,034,310
|
|||||
3,100
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2003E, 5.250%, 2/01/22 (Pre-refunded 2/01/13) – NPFG Insured
|
2/13 at 100.00
|
Aaa
|
3,303,794
|
Nuveen Investments | 37 |
Nuveen New York Select Quality Municipal Fund, Inc. (continued)
|
||
NVN
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
U.S. Guaranteed (4) (continued)
|
|||||||||
$
|
2,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2004C, 5.000%, 2/01/19 (Pre-refunded 2/01/14) – SYNCORA GTY Insured
|
2/14 at 100.00
|
AAA
|
$
|
2,215,440
|
|||
2,935
|
New York City Transitional Finance Authority, New York, Future Tax Secured Refunding Bonds, Fiscal Series 2003D, 5.000%, 2/01/22
(Pre-refunded 2/01/13) – NPFG Insured |
2/13 at 100.00
|
Aaa
|
3,118,173
|
|||||
3,000
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2002A, 5.250%, 4/01/19 (Pre-refunded 4/01/12) – AGM Insured
|
4/12 at 100.00
|
AA+ (4)
|
3,076,320
|
|||||
42,815
|
Total U.S. Guaranteed
|
46,809,081
|
|||||||
Utilities – 13.7% (9.0% of Total Investments)
|
|||||||||
900
|
Guam Power Authority, Revenue Bonds, Series 2010A, 5.000%, 10/01/37 – AGM Insured
|
10/20 at 100.00
|
AA+
|
939,447
|
|||||
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2000A: | |||||||||
4,000
|
0.000%, 6/01/24 – AGM Insured
|
No Opt. Call
|
AA+
|
2,520,080
|
|||||
4,000
|
0.000%, 6/01/25 – AGM Insured
|
No Opt. Call
|
AA+
|
2,383,680
|
|||||
15,000
|
0.000%, 6/01/26 – AGM Insured
|
No Opt. Call
|
AA+
|
8,469,000
|
|||||
3,000
|
0.000%, 6/01/27 – AGM Insured
|
No Opt. Call
|
AA+
|
1,599,300
|
|||||
4,500
|
0.000%, 6/01/28 – AGM Insured
|
No Opt. Call
|
AA+
|
2,252,475
|
|||||
3,000
|
0.000%, 6/01/29 – AGM Insured
|
No Opt. Call
|
AA+
|
1,408,530
|
|||||
3,000
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2001A, 5.000%, 9/01/27 – AGM Insured
|
3/12 at 100.00
|
AA+
|
3,004,620
|
|||||
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
|
|||||||||
6,010
|
5.000%, 12/01/23 – FGIC Insured
|
6/16 at 100.00
|
A–
|
6,489,598
|
|||||
7,735
|
5.000%, 12/01/25 – FGIC Insured
|
6/16 at 100.00
|
A–
|
8,252,781
|
|||||
4,000
|
5.000%, 12/01/26 – AGC Insured
|
6/16 at 100.00
|
AA+
|
4,370,080
|
|||||
750
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B, 5.000%, 12/01/35 – CIFG Insured
|
6/16 at 100.00
|
A–
|
767,648
|
|||||
6,000
|
New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, Rochester Gas and Electric Corporation, Series 1998A, 5.950%, 9/01/33 – NPFG Insured (Alternative Minimum Tax)
|
3/12 at 100.00
|
Baa1
|
6,003,120
|
|||||
650
|
Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%, 11/15/19 – FGIC Insured
|
11/15 at 100.00
|
Aa2
|
731,166
|
|||||
62,545
|
Total Utilities
|
49,191,525
|
|||||||
Water and Sewer – 9.7% (6.4% of Total Investments)
|
|||||||||
5,000
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Second Generation Resolution, Fiscal 2010 Series 2009BB, 5.000%, 6/15/27
|
6/19 at 100.00
|
AA+
|
5,506,150
|
|||||
2,000
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Second Generation Resolution, Series 2007AA, 5.000%, 6/15/37
|
6/17 at 100.00
|
AA+
|
2,107,840
|
|||||
3,455
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Series 2006B, 5.000%, 6/15/36 – NPFG Insured (UB)
|
6/16 at 100.00
|
AAA
|
3,625,159
|
|||||
3,000
|
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue Bonds, Fiscal Series 2004C, 5.000%, 6/15/35 – AMBAC Insured
|
6/14 at 100.00
|
AAA
|
3,134,040
|
|||||
5,920
|
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue Bonds, Fiscal Series 2005C, 5.000%, 6/15/27 – NPFG Insured (UB)
|
6/15 at 100.00
|
AAA
|
6,489,267
|
|||||
5,000
|
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue Refunding Bonds, Fiscal Series 2003E, 5.000%, 6/15/34
|
6/13 at 100.00
|
AAA
|
5,195,550
|
38 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Water and Sewer (continued)
|
|||||||||
$
|
7,100
|
Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2005C, 5.000%, 6/01/28 – NPFG Insured
|
6/15 at 100.00
|
AA+
|
$
|
7,447,187
|
|||
2,230
|
Upper Mohawk Valley Regional Water Finance Authority, New York, Water System Revenue Bonds, Series 2000, 0.000%, 4/01/23 – AMBAC Insured
|
No Opt. Call
|
A1
|
1,396,267
|
|||||
33,705
|
Total Water and Sewer
|
34,901,460
|
|||||||
$
|
532,858
|
Total Investments (cost $514,303,411) – 151.0%
|
544,122,198
|
||||||
Floating Rate Obligations – (9.3)%
|
(33,510,000
|
) | |||||||
Variable Rate Demand Preferred Shares, at Liquidation Value – (45.7)% (5)
|
(164,800,000
|
) | |||||||
Other Assets Less Liabilities – 4.0%
|
14,520,001
|
||||||||
Net Assets Applicable to Common Shares – 100%
|
$
|
360,332,199
|
The fund intends to invest at least 80% of its managed assets in municipal securities that are covered by insurance guaranteeing the timely payment of principal and interest. See Notes to the Financial Statements, Footnote 1 – General Information and Significant Accounting Policies, Insurance for more information.
|
||
(1)
|
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares unless otherwise noted.
|
|
(2)
|
Optional Call Provisions (not covered by the report of independent registered public accounting firm): Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.
|
|
(3)
|
Ratings (not covered by the report of independent registered public accounting firm): Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.
|
|
(4)
|
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. Bonds backed by U.S. Government or agency securities are given an implied rating equal to the rating of such securities.
|
|
(5)
|
Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Investments is 30.3%.
|
|
N/R
|
Not rated.
|
|
(ETM)
|
Escrowed to maturity.
|
|
(IF)
|
Inverse floating rate investment.
|
|
(UB)
|
Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Footnote 1 – General Information and Significant Accounting Policies, Inverse Floating Rate Securities for more information.
|
|
See accompanying notes to financial statements.
|
Nuveen Investments | 39 |
Nuveen New York Quality Income Municipal Fund, Inc.
|
||
NUN
|
Portfolio of Investments
|
|
September 30, 2011
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Consumer Staples – 1.8% (1.2% of Total Investments)
|
|||||||||
$
|
9,270
|
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006, 5.125%, 6/01/42
|
6/16 at 100.00
|
BBB–
|
$
|
6,515,327
|
|||
Education and Civic Organizations – 24.0% (15.6% of Total Investments)
|
|||||||||
3,385
|
Dormitory Authority of the State of New York, Consolidated Revenue Bonds, City University System, Series 1993A, 5.750%, 7/01/13 – NPFG Insured
|
No Opt. Call
|
Aa3
|
3,553,878
|
|||||
1,000
|
Dormitory Authority of the State of New York, General Revenue Bonds, New York University, Series 2001-1, 5.500%, 7/01/40 – AMBAC Insured
|
No Opt. Call
|
AA–
|
1,241,170
|
|||||
1,265
|
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured
|
No Opt. Call
|
BBB
|
1,299,750
|
|||||
670
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, Fordham University, Series 2002, 5.000%, 7/01/19 – FGIC Insured
|
7/12 at 100.00
|
A2
|
682,462
|
|||||
2,750
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, Yeshiva University, Series 2001, 5.000%, 7/01/26 – AMBAC Insured
|
1/12 at 100.00
|
A2
|
2,752,723
|
|||||
2,000
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – SYNCORA GTY Insured
|
No Opt. Call
|
Aa2
|
2,147,840
|
|||||
2,320
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured
|
7/15 at 100.00
|
Aa2
|
2,413,496
|
|||||
2,830
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2006A, 5.000%, 7/01/31 – NPFG Insured
|
7/16 at 100.00
|
Aa2
|
2,946,879
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A:
|
|||||||||
1,000
|
5.000%, 7/01/25 – FGIC Insured
|
7/17 at 100.00
|
BBB
|
1,069,160
|
|||||
745
|
5.000%, 7/01/37 – FGIC Insured
|
7/17 at 100.00
|
BBB
|
758,544
|
|||||
1,800
|
Dormitory Authority of the State of New York, Revenue Bonds, Convent of the Sacred Heart, Series 2011, 5.750%, 11/01/40 – AGM Insured
|
5/21 at 100.00
|
AA+
|
1,964,034
|
|||||
3,000
|
Dormitory Authority of the State of New York, Revenue Bonds, Fordham University, Series 2008B, 5.000%, 7/01/38 – AGC Insured
|
7/18 at 100.00
|
Aa3
|
3,149,550
|
|||||
875
|
Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series 2010, 5.250%, 7/01/30
|
7/20 at 100.00
|
A–
|
915,854
|
|||||
1,005
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2007, 5.000%, 7/01/32 – AMBAC Insured
|
7/17 at 100.00
|
AA–
|
1,071,280
|
|||||
3,300
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2009A, 5.250%, 7/01/34
|
7/19 at 100.00
|
AA–
|
3,633,663
|
|||||
3,750
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2009B, 5.000%, 7/01/39
|
7/19 at 100.00
|
AA–
|
3,996,338
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of Technology, Series 2006A:
|
|||||||||
800
|
5.250%, 7/01/20 – AMBAC Insured
|
No Opt. Call
|
A1
|
948,448
|
|||||
640
|
5.250%, 7/01/21 – AMBAC Insured
|
No Opt. Call
|
A1
|
760,653
|
|||||
4,000
|
Dormitory Authority of the State of New York, Revenue Bonds, State University Educational Facilities, 1989 Resolution, Series 2000C, 5.750%, 5/15/16 – AGM Insured
|
No Opt. Call
|
AA+
|
4,748,520
|
|||||
1,915
|
Dormitory Authority of the State of New York, Second General Resolution Consolidated Revenue Bonds, City University System, Series 1993A, 5.750%, 7/01/18 – AGM Insured
|
No Opt. Call
|
AA+
|
2,241,412
|
|||||
705
|
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate University, Tender Option Bond Trust 3127, 12.986%, 1/01/14 – AMBAC Insured (IF)
|
No Opt. Call
|
AA+
|
781,986
|
|||||
6,415
|
Nassau County Industrial Development Agency, New York, Revenue Refunding Bonds, Hofstra University, Series 1998, 5.000%, 7/01/23 – NPFG Insured
|
1/12 at 100.00
|
A
|
6,434,245
|
|||||
4,775
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Trinity Episcopal School, Series 1997, 5.250%, 6/15/27 – NPFG Insured
|
12/11 at 100.00
|
Baa1
|
4,787,224
|
40 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Education and Civic Organizations (continued)
|
|||||||||
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball Stadium Project, Series 2006:
|
|||||||||
$
|
2,000
|
5.000%, 1/01/36 – AMBAC Insured
|
1/17 at 100.00
|
BB+
|
$
|
1,749,420
|
|||
3,240
|
5.000%, 1/01/46 – AMBAC Insured
|
1/17 at 100.00
|
BB+
|
2,664,544
|
|||||
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium Project, Series 2006:
|
|||||||||
1,215
|
5.000%, 3/01/31 – FGIC Insured
|
9/16 at 100.00
|
BBB–
|
1,221,525
|
|||||
9,840
|
5.000%, 3/01/36 – NPFG Insured
|
9/16 at 100.00
|
Baa1
|
9,805,166
|
|||||
5,910
|
4.500%, 3/01/39 – FGIC Insured
|
9/16 at 100.00
|
BBB–
|
5,367,403
|
|||||
6,250
|
New York City Trust for Cultural Resources, New York, Revenue Refunding Bonds, Museum of Modern Art, Series 1996A, 5.500%, 1/01/21 – AMBAC Insured
|
1/12 at 100.00
|
Aa2
|
6,396,438
|
|||||
4,000
|
Tompkins County Development Corporation, New York, Revenue Bonds, Ithaca College, Series 2011, 5.375%, 7/01/41 – AGM Insured
|
1/21 at 100.00
|
Aa3
|
4,310,880
|
|||||
1,100
|
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute, Series 2010A, 5.125%, 9/01/40
|
9/20 at 100.00
|
A–
|
1,126,048
|
|||||
84,500
|
Total Education and Civic Organizations
|
86,940,533
|
|||||||
Health Care – 14.9% (9.7% of Total Investments)
|
|||||||||
2,655
|
Albany Capital Resource Corporation, New York, St. Peter’s Hospital Project, Series 2011, 6.125%, 11/15/30
|
11/20 at 100.00
|
BBB+
|
2,812,654
|
|||||
820
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, Hospital for Special Surgery, Series 2009, 6.250%, 8/15/34
|
8/19 at 100.00
|
AA+
|
968,125
|
|||||
2,330
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – AGM Insured
|
8/17 at 100.00
|
AA+
|
2,485,364
|
|||||
2,695
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured
|
2/15 at 100.00
|
BBB
|
2,900,763
|
|||||
1,000
|
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured
|
2/15 at 100.00
|
BBB
|
1,093,480
|
|||||
2,250
|
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, St. Lukes Roosevelt Hospital, Series 2005, 4.900%, 8/15/31
|
8/15 at 100.00
|
N/R
|
2,280,375
|
|||||
9,000
|
Dormitory Authority of the State of New York, Hospital Revenue Bonds, Catholic Health Services of Long Island Obligated Group – St. Francis Hospital, Series 1999A, 5.500%, 7/01/24 – NPFG Insured
|
1/12 at 100.00
|
A–
|
9,008,100
|
|||||
1,800
|
Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc., Series 2007B, 5.125%, 7/01/37 – AGC Insured
|
7/17 at 100.00
|
AA+
|
1,863,252
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer Center, Series 2003-1:
|
|||||||||
2,500
|
5.000%, 7/01/21 – NPFG Insured
|
7/13 at 100.00
|
AA
|
2,646,500
|
|||||
3,300
|
5.000%, 7/01/22 – NPFG Insured
|
7/13 at 100.00
|
AA
|
3,486,318
|
|||||
2,510
|
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured
|
8/14 at 100.00
|
AA+
|
2,741,472
|
|||||
2,150
|
Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian Hospital Project, Series 2007, 5.000%, 8/15/36 – AGM Insured
|
8/14 at 100.00
|
AA+
|
2,199,816
|
|||||
9,000
|
Dormitory Authority of the State of New York, Revenue Bonds, Winthrop South Nassau University Health System Obligated Group, Series 2001B, 5.250%, 7/01/31 – AMBAC Insured
|
7/12 at 100.00
|
Baa1
|
9,016,650
|
|||||
900
|
Dutchess County Local Development Corporation, New York, Revenue Bonds, Health Quest System Inc, Series 2010A, 5.750%, 7/01/40 – AGM Insured
|
7/20 at 100.00
|
A–
|
930,213
|
|||||
1,875
|
Monroe County Industrial Development Corporation, New York, FHA Insured Mortgage Revenue Bonds, Unity Hospital of Rochester Project, Series 2010, 5.750%, 8/15/35
|
2/21 at 100.00
|
Aa2
|
2,095,894
|
Nuveen Investments | 41 |
Nuveen New York Quality Income Municipal Fund, Inc. (continued)
|
||
NUN
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Health Care (continued)
|
|||||||||
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series 2003A:
|
|||||||||
$
|
2,800
|
5.250%, 2/15/21 – AMBAC Insured
|
2/13 at 100.00
|
Aa3
|
$
|
2,934,988
|
|||
3,065
|
5.250%, 2/15/22 – AMBAC Insured
|
2/13 at 100.00
|
Aa3
|
3,214,112
|
|||||
1,320
|
Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series 2010-C2, 6.125%, 11/01/37
|
11/20 at 100.00
|
A3
|
1,372,087
|
|||||
51,970
|
Total Health Care
|
54,050,163
|
|||||||
Housing/Multifamily – 3.6% (2.3% of Total Investments)
|
|||||||||
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds, Series 2005A:
|
|||||||||
1,500
|
5.000%, 7/01/14 – NPFG Insured
|
No Opt. Call
|
AA+
|
1,654,080
|
|||||
1,500
|
5.000%, 7/01/16 – NPFG Insured
|
7/15 at 100.00
|
AA+
|
1,678,020
|
|||||
5,515
|
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds, Series 2005A, 5.000%, 7/01/25 – NPFG Insured (UB)
|
7/15 at 100.00
|
AA+
|
5,800,291
|
|||||
812
|
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Pass-Through Certificates, Series 1991C, 6.500%, 2/20/19 – AMBAC Insured
|
10/11 at 105.00
|
N/R
|
855,134
|
|||||
560
|
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Seaview Towers, Series 2006A, 4.750%, 7/15/39 – AMBAC Insured (Alternative Minimum Tax)
|
1/17 at 100.00
|
Aaa
|
546,868
|
|||||
675
|
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Series 2010-D1A, 5.000%, 11/01/42
|
5/20 at 100.00
|
AA
|
694,427
|
|||||
1,685
|
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2007B, 5.300%, 11/01/37 (Alternative Minimum Tax)
|
11/17 at 100.00
|
Aa2
|
1,703,687
|
|||||
85
|
New York State Housing Finance Agency, Mortgage Revenue Refunding Bonds, Housing Project, Series 1996A, 6.125%, 11/01/20 – AGM Insured
|
11/11 at 100.00
|
AA+
|
85,141
|
|||||
12,332
|
Total Housing/Multifamily
|
13,017,648
|
|||||||
Tax Obligation/General – 6.1% (4.0% of Total Investments)
|
|||||||||
1,500
|
Erie County, New York, General Obligation Bonds, Series 2003A, 5.250%, 3/15/16 – NPFG Insured
|
3/13 at 100.00
|
A2
|
1,579,245
|
|||||
805
|
Erie County, New York, General Obligation Bonds, Series 2004B, 5.250%, 4/01/13 – NPFG Insured
|
No Opt. Call
|
A2
|
851,030
|
|||||
Monroe County, New York, General Obligation Public Improvement Bonds, Series 2002: | |||||||||
2,250
|
5.000%, 3/01/15 – FGIC Insured
|
3/12 at 100.00
|
A3
|
2,278,845
|
|||||
1,000
|
5.000%, 3/01/17 – FGIC Insured
|
3/12 at 100.00
|
A3
|
1,010,020
|
|||||
New York City, New York, General Obligation Bonds, Fiscal Series 2001D:
|
|||||||||
5
|
5.250%, 8/01/15 – AGM Insured
|
12/11 at 100.00
|
AA+
|
5,019
|
|||||
5
|
5.000%, 8/01/16 – FGIC Insured
|
12/11 at 100.00
|
AA
|
5,019
|
|||||
4,130
|
New York City, New York, General Obligation Bonds, Fiscal Series 2005J, 5.000%, 3/01/19 – FGIC Insured
|
3/15 at 100.00
|
AA
|
4,590,867
|
|||||
New York City, New York, General Obligation Bonds, Series 2004E:
|
|||||||||
3,350
|
5.000%, 11/01/19 – AGM Insured (UB)
|
11/14 at 100.00
|
AA+
|
3,695,653
|
|||||
1,700
|
5.000%, 11/01/20 – AGM Insured (UB)
|
11/14 at 100.00
|
AA+
|
1,871,615
|
|||||
Peru Central School District, Clinton County, New York, General Obligation Refunding Bonds, Series 2002B:
|
|||||||||
1,845
|
4.000%, 6/15/18 – FGIC Insured
|
6/12 at 100.00
|
A
|
1,866,900
|
|||||
1,915
|
4.000%, 6/15/19 – FGIC Insured
|
6/12 at 100.00
|
A
|
1,933,116
|
|||||
2,305
|
Yonkers, New York, General Obligation Bonds, Series 2005B, 5.000%, 8/01/20 – NPFG Insured
|
8/15 at 100.00
|
A2
|
2,439,128
|
|||||
20,810
|
Total Tax Obligation/General
|
22,126,457
|
42 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Tax Obligation/Limited – 51.0% (33.2% of Total Investments)
|
|||||||||
$
|
2,730
|
Dormitory Authority of the State of New York, 853 Schools Program Insured Revenue Bonds, Harmony Heights School, Issue 1, Series 1999C, 5.500%, 7/01/18 – AMBAC Insured
|
1/12 at 100.00
|
N/R
|
$
|
2,739,364
|
|||
130
|
Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health Services Facilities, Series 2000D, 5.250%, 8/15/30 – AGM Insured
|
12/11 at 100.00
|
AA+
|
130,109
|
|||||
Dormitory Authority of the State of New York, Lease Revenue Bonds, Madison-Oneida Board of Cooperative Educational Services, Series 2002:
|
|||||||||
1,045
|
5.250%, 8/15/20 – AGM Insured
|
8/12 at 100.00
|
AA+
|
1,081,136
|
|||||
1,100
|
5.250%, 8/15/21 – AGM Insured
|
8/12 at 100.00
|
AA+
|
1,138,038
|
|||||
1,135
|
5.250%, 8/15/22 – AGM Insured
|
8/12 at 100.00
|
AA+
|
1,173,590
|
|||||
3,610
|
Dormitory Authority of the State of New York, Revenue Bonds, Department of Health, Series 2004-2, 5.000%, 7/01/20 – FGIC Insured
|
7/14 at 100.00
|
AA–
|
3,857,466
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities Improvements, Series 2005D-1:
|
|||||||||
2,300
|
5.000%, 2/15/15 – FGIC Insured
|
No Opt. Call
|
AA–
|
2,593,020
|
|||||
1,200
|
5.000%, 8/15/23 – FGIC Insured
|
2/15 at 100.00
|
AA–
|
1,277,844
|
|||||
7,900
|
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program, Series 2002D, 5.250%, 10/01/23 – NPFG Insured
|
10/12 at 100.00
|
A+
|
8,191,352
|
|||||
1,040
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series 2005F, 5.000%, 3/15/21 – AGM Insured
|
3/15 at 100.00
|
AAA
|
1,159,798
|
|||||
1,710
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District, Series 2004, 5.750%, 5/01/26 – AGM Insured (UB)
|
5/14 at 100.00
|
AA+
|
1,819,184
|
|||||
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District, Series 2007A:
|
|||||||||
5,980
|
5.750%, 5/01/27 – AGM Insured (UB)
|
5/17 at 100.00
|
AA+
|
6,614,000
|
|||||
1,670
|
5.750%, 5/01/28 – AGM Insured (UB)
|
5/17 at 100.00
|
AA+
|
1,844,381
|
|||||
2,420
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District Project, Series 2008A, 5.750%, 5/01/28 – AGM Insured (UB)
|
5/18 at 100.00
|
AA+
|
2,712,796
|
|||||
3,300
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District Project, Series 2009A, 5.000%, 5/01/31
|
No Opt. Call
|
AA–
|
3,488,529
|
|||||
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A:
|
|||||||||
14,635
|
5.000%, 2/15/47 – FGIC Insured
|
2/17 at 100.00
|
A
|
14,478,406
|
|||||
2,100
|
5.000%, 2/15/47 – AGM Insured
|
2/17 at 100.00
|
AA+
|
2,127,027
|
|||||
7,500
|
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2002A, 5.250%, 11/15/25 – AGM Insured
|
11/12 at 100.00
|
AA+
|
7,807,125
|
|||||
4,600
|
Metropolitan Transportation Authority, New York, State Service Contract Bonds, Series 2002B, 5.500%, 7/01/18 – NPFG Insured
|
7/12 at 100.00
|
AA–
|
4,752,490
|
|||||
1,000
|
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, Series 2002A, 5.750%, 7/01/18 – AGM Insured (UB)
|
No Opt. Call
|
AA+
|
1,225,820
|
|||||
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, Series 2002A:
|
|||||||||
1,000
|
5.750%, 7/01/18 – AGM Insured
|
No Opt. Call
|
AA+
|
1,225,820
|
|||||
3,000
|
5.500%, 1/01/19 – NPFG Insured
|
7/12 at 100.00
|
AA–
|
3,097,590
|
|||||
6,000
|
5.500%, 1/01/20 – NPFG Insured
|
7/12 at 100.00
|
AA–
|
6,190,560
|
|||||
3,000
|
5.000%, 7/01/25 – FGIC Insured
|
7/12 at 100.00
|
AA–
|
3,078,120
|
|||||
8,000
|
5.000%, 7/01/30 – AMBAC Insured
|
7/12 at 100.00
|
AA–
|
8,182,160
|
|||||
Nassau County Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds, Series 2003A:
|
|||||||||
1,555
|
4.750%, 11/15/21 – AMBAC Insured
|
11/13 at 100.00
|
AAA
|
1,661,129
|
|||||
1,555
|
4.750%, 11/15/22 – AMBAC Insured
|
11/13 at 100.00
|
AAA
|
1,663,492
|
|||||
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local Government Assistance Corporation, Series 2004A:
|
|||||||||
2,720
|
5.000%, 10/15/25 – NPFG Insured (UB)
|
10/14 at 100.00
|
AAA
|
2,983,677
|
|||||
1,990
|
5.000%, 10/15/26 – NPFG Insured (UB)
|
10/14 at 100.00
|
AAA
|
2,177,020
|
|||||
4,960
|
5.000%, 10/15/29 – AMBAC Insured (UB)
|
10/14 at 100.00
|
AAA
|
5,312,954
|
|||||
1,500
|
5.000%, 10/15/32 – AMBAC Insured (UB)
|
10/14 at 100.00
|
AAA
|
1,596,105
|
|||||
1,600
|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
|
1/17 at 100.00
|
AA–
|
1,699,440
|
Nuveen Investments | 43 |
Nuveen New York Quality Income Municipal Fund, Inc. (continued)
|
||
NUN
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Tax Obligation/Limited (continued)
|
|||||||||
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2002B:
|
|||||||||
$
|
5
|
5.250%, 5/01/12 – NPFG Insured
|
11/11 at 101.00
|
AAA
|
$
|
5,072
|
|||
970
|
5.000%, 5/01/30 – NPFG Insured
|
11/11 at 101.00
|
AAA
|
982,455
|
|||||
40
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2003E, 5.250%, 2/01/22 – NPFG Insured
|
2/13 at 100.00
|
AAA
|
42,121
|
|||||
565
|
New York City Transitional Finance Authority, New York, Future Tax Secured Refunding Bonds, Fiscal Series 2003D, 5.000%, 2/01/22 – NPFG Insured
|
2/13 at 100.00
|
AAA
|
593,171
|
|||||
4,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds, Subordinate Lien Series 2011C, 5.500%, 11/01/35
|
11/20 at 100.00
|
AAA
|
4,556,120
|
|||||
1,660
|
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A, 5.750%, 4/01/33 – AGM Insured
|
4/21 at 100.00
|
AA+
|
1,881,461
|
|||||
New York Convention Center Development Corporation, New York, Hotel Fee Revenue Bonds, Tender Option Bonds Trust 3095:
|
|||||||||
845
|
13.313%, 11/15/30 – AMBAC Insured (IF)
|
11/15 at 100.00
|
AA+
|
980,318
|
|||||
4,005
|
13.299%, 11/15/44 – AMBAC Insured (IF)
|
11/15 at 100.00
|
AA+
|
4,487,282
|
|||||
3,750
|
New York State Local Government Assistance Corporation, Revenue Bonds, Series 1993E, 5.250%, 4/01/16 – AGM Insured (UB)
|
No Opt. Call
|
AAA
|
4,301,738
|
|||||
1,000
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series 2004A, 5.000%, 4/01/22 – NPFG Insured
|
4/14 at 100.00
|
AA
|
1,063,120
|
|||||
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series 2005B:
|
|||||||||
8,455
|
5.500%, 4/01/20 – AMBAC Insured
|
No Opt. Call
|
AA
|
10,381,979
|
|||||
2,600
|
5.000%, 4/01/21 – AMBAC Insured
|
10/15 at 100.00
|
AA
|
2,860,182
|
|||||
1,000
|
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2004A, 5.000%, 3/15/24 – AMBAC Insured
|
9/14 at 100.00
|
AAA
|
1,096,180
|
|||||
3,195
|
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2010A, 5.000%, 3/15/30
|
9/20 at 100.00
|
AAA
|
3,538,750
|
|||||
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and State Contingency Contract-Backed Bonds, Series 2003A-1:
|
|||||||||
12,400
|
5.250%, 6/01/20 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
13,270,108
|
|||||
1,000
|
5.250%, 6/01/22 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
1,070,170
|
|||||
3,190
|
New York State Urban Development Corporation, Revenue Refunding Bonds, State Facilities, Series 1995, 5.600%, 4/01/15 – NPFG Insured
|
No Opt. Call
|
AA–
|
3,465,712
|
|||||
500
|
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, Series 2005B, 5.000%, 3/15/30 – AGM Insured
|
3/15 at 100.00
|
AAA
|
526,470
|
|||||
1,980
|
Niagara Falls City School District, Niagara County, New York, Certificates of Participation, High School Facility, Series 2005, 5.000%, 6/15/28 – AGM Insured
|
6/15 at 100.00
|
AA+
|
2,032,034
|
|||||
Puerto Rico Highway and Transportation Authority, Highway Revenue Refunding Bonds, Series 2002E:
|
|||||||||
3,000
|
5.500%, 7/01/14 – AGM Insured
|
No Opt. Call
|
AA+
|
3,289,170
|
|||||
6,000
|
5.500%, 7/01/18 – AGM Insured
|
No Opt. Call
|
AA+
|
6,634,080
|
|||||
2,500
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series 2010A, 5.000%, 8/01/40 – AGM Insured
|
2/20 at 100.00
|
AA+
|
2,574,550
|
|||||
3,235
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series 2010C, 5.125%, 8/01/42 – AGM Insured
|
8/20 at 100.00
|
AA+
|
3,362,944
|
|||||
3,765
|
Syracuse Industrial Development Authority, New York, PILOT Mortgage Revenue Bonds, Carousel Center Project, Series 2007A, 5.000%, 1/01/36 – SYNCORA GTY Insured (Alternative Minimum Tax)
|
1/17 at 100.00
|
BBB–
|
3,191,666
|
|||||
173,645
|
Total Tax Obligation/Limited
|
185,266,395
|
44 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Transportation – 15.5% (10.0% of Total Investments)
|
|||||||||
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005A:
|
|||||||||
$
|
900
|
4.750%, 11/15/27 – NPFG Insured
|
11/15 at 100.00
|
AA+
|
$
|
954,081
|
|||
1,000
|
4.750%, 11/15/30 – AMBAC Insured
|
11/15 at 100.00
|
A
|
1,015,100
|
|||||
7,575
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2006B, 4.500%, 11/15/36 – AGM Insured
|
11/16 at 100.00
|
AA+
|
7,641,963
|
|||||
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, Series 2002A:
|
|||||||||
3,815
|
5.500%, 11/15/19 – AMBAC Insured
|
11/12 at 100.00
|
A
|
3,981,906
|
|||||
4,000
|
5.125%, 11/15/22 – FGIC Insured
|
11/12 at 100.00
|
A
|
4,155,040
|
|||||
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, Series 2002E:
|
|||||||||
2,665
|
5.500%, 11/15/21 – NPFG Insured
|
11/12 at 100.00
|
A
|
2,775,491
|
|||||
8,500
|
5.000%, 11/15/25 – NPFG Insured
|
11/12 at 100.00
|
A
|
8,817,645
|
|||||
970
|
New York State Thruway Authority, General Revenue Bonds, Refunding Series 2007H, 5.000%, 1/01/25 – FGIC Insured
|
1/18 at 100.00
|
A+
|
1,063,867
|
|||||
New York State Thruway Authority, General Revenue Bonds, Series 2005F:
|
|||||||||
2,665
|
5.000%, 1/01/20 – AMBAC Insured
|
1/15 at 100.00
|
A+
|
2,917,695
|
|||||
4,075
|
5.000%, 1/01/30 – AMBAC Insured
|
1/15 at 100.00
|
A+
|
4,350,796
|
|||||
1,700
|
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 – AGM Insured (UB)
|
7/15 at 100.00
|
AA+
|
1,805,145
|
|||||
2,500
|
Niagara Frontier Airport Authority, New York, Airport Revenue Bonds, Buffalo Niagara International Airport, Series 1999A, 5.625%, 4/01/29 – NPFG Insured (Alternative Minimum Tax)
|
4/12 at 100.00
|
Baa1
|
2,446,925
|
|||||
1,700
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth Series 2005, 5.000%, 12/01/31 – SYNCORA GTY Insured
|
6/15 at 101.00
|
Aa2
|
1,793,857
|
|||||
1,175
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty Eighth Series 2008, Trust 2920, 17.484%, 8/15/32 – AGM Insured (IF)
|
8/17 at 100.00
|
AA+
|
1,498,642
|
|||||
5,000
|
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Series 2002A, 5.250%, 1/01/20 – FGIC Insured
|
1/12 at 100.00
|
Aa2
|
5,060,200
|
|||||
Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue Refunding Bonds, Series 2002E:
|
|||||||||
1,570
|
5.500%, 11/15/20 – NPFG Insured
|
No Opt. Call
|
Aa3
|
1,914,301
|
|||||
3,800
|
5.250%, 11/15/22 – NPFG Insured
|
11/12 at 100.00
|
Aa3
|
3,969,138
|
|||||
53,610
|
Total Transportation
|
56,161,792
|
|||||||
U.S. Guaranteed – 17.5% (11.3% of Total Investments) (4)
|
|||||||||
1,725
|
Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk County Issue, Series 1986, 7.375%, 7/01/16 (ETM)
|
No Opt. Call
|
Aaa
|
2,050,042
|
|||||
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District, Series 2003:
|
|||||||||
1,200
|
5.750%, 5/01/20 (Pre-refunded 5/01/12) – AGM Insured
|
5/12 at 100.00
|
AA+ (4)
|
1,239,024
|
|||||
1,000
|
5.750%, 5/01/22 (Pre-refunded 5/01/12) – AGM Insured
|
5/12 at 100.00
|
AA+ (4)
|
1,032,520
|
|||||
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 1999A:
|
|||||||||
4,000
|
5.000%, 4/01/17 (Pre-refunded 10/01/14) – AGM Insured
|
10/14 at 100.00
|
AA+ (4)
|
4,548,000
|
|||||
1,000
|
5.000%, 4/01/29 (Pre-refunded 10/01/14) – AGM Insured
|
10/14 at 100.00
|
AA+ (4)
|
1,137,000
|
|||||
Metropolitan Transportation Authority, New York, Transit Facilities Revenue Bonds, Series 1998B:
|
|||||||||
10,000
|
4.875%, 7/01/18 – FGIC Insured (ETM)
|
11/11 at 100.00
|
AA+ (4)
|
10,176,500
|
|||||
4,500
|
4.750%, 7/01/26 – FGIC Insured (ETM)
|
11/11 at 100.00
|
AA+ (4)
|
4,666,590
|
|||||
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2002B:
|
|||||||||
10,165
|
5.250%, 5/01/12 (Pre-refunded 11/01/11) – NPFG Insured
|
11/11 at 101.00
|
AAA
|
10,311,274
|
|||||
2,420
|
5.250%, 5/01/17 (Pre-refunded 11/01/11) – NPFG Insured
|
11/11 at 101.00
|
Aaa
|
2,454,824
|
|||||
30
|
5.000%, 5/01/30 (Pre-refunded 11/01/11) – NPFG Insured
|
11/11 at 101.00
|
AAA
|
30,425
|
Nuveen Investments | 45 |
Nuveen New York Quality Income Municipal Fund, Inc. (continued)
|
||
NUN
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
U.S. Guaranteed (4) (continued)
|
|||||||||
$
|
6,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2003C, 5.250%, 8/01/21 (Pre-refunded 8/01/12) – AMBAC Insured
|
8/12 at 100.00
|
AAA
|
$
|
6,252,720
|
|||
1,955
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2003E, 5.250%, 2/01/22 (Pre-refunded 2/01/13) – NPFG Insured
|
2/13 at 100.00
|
Aaa
|
2,083,522
|
|||||
1,845
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2004C, 5.000%, 2/01/19 (Pre-refunded 2/01/14) – SYNCORA GTY Insured
|
2/14 at 100.00
|
AAA
|
2,043,743
|
|||||
2,935
|
New York City Transitional Finance Authority, New York, Future Tax Secured Refunding Bonds, Fiscal Series 2003D, 5.000%, 2/01/22
(Pre-refunded 2/01/13) – NPFG Insured |
2/13 at 100.00
|
Aaa
|
3,118,173
|
|||||
5,000
|
New York City, New York, General Obligation Bonds, Fiscal Series 2002C, 5.125%, 3/15/25 (Pre-refunded 3/15/12) – AGM Insured
|
3/12 at 100.00
|
AA+ (4)
|
5,113,250
|
|||||
6,965
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2002A, 5.250%, 4/01/20 (Pre-refunded 4/01/12) – AGM Insured
|
4/12 at 100.00
|
AA+ (4)
|
7,142,190
|
|||||
60,740
|
Total U.S. Guaranteed
|
63,399,797
|
|||||||
Utilities – 11.3% (7.4% of Total Investments)
|
|||||||||
1,560
|
Guam Power Authority, Revenue Bonds, Series 2010A, 5.000%, 10/01/37 – AGM Insured
|
10/20 at 100.00
|
AA+
|
1,628,375
|
|||||
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2000A:
|
|||||||||
4,000
|
0.000%, 6/01/24 – AGM Insured
|
No Opt. Call
|
AA+
|
2,520,080
|
|||||
4,000
|
0.000%, 6/01/25 – AGM Insured
|
No Opt. Call
|
AA+
|
2,383,680
|
|||||
5,000
|
0.000%, 6/01/26 – AGM Insured
|
No Opt. Call
|
AA+
|
2,823,000
|
|||||
7,000
|
0.000%, 6/01/27 – AGM Insured
|
No Opt. Call
|
AA+
|
3,731,700
|
|||||
10,500
|
0.000%, 6/01/28 – AGM Insured
|
No Opt. Call
|
AA+
|
5,255,775
|
|||||
7,000
|
0.000%, 6/01/29 – AGM Insured
|
No Opt. Call
|
AA+
|
3,286,570
|
|||||
2,500
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2001A, 5.000%, 9/01/27 – AGM Insured
|
3/12 at 100.00
|
AA+
|
2,503,850
|
|||||
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
|
|||||||||
6,180
|
5.000%, 12/01/23 – FGIC Insured
|
6/16 at 100.00
|
A–
|
6,673,164
|
|||||
8,020
|
5.000%, 12/01/25 – FGIC Insured
|
6/16 at 100.00
|
A–
|
8,556,859
|
|||||
750
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B, 5.000%, 12/01/35 – CIFG Insured
|
6/16 at 100.00
|
A–
|
767,648
|
|||||
865
|
Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%, 11/15/19 – FGIC Insured
|
11/15 at 100.00
|
Aa2
|
973,013
|
|||||
57,375
|
Total Utilities
|
41,103,714
|
|||||||
Water and Sewer – 8.2% (5.3% of Total Investments)
|
|||||||||
3,000
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Second Generation Resolution, Series 2007AA, 5.000%, 6/15/37
|
6/17 at 100.00
|
AA+
|
3,161,760
|
|||||
3,500
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Series 2006B, 5.000%, 6/15/36 – NPFG Insured (UB)
|
6/16 at 100.00
|
AAA
|
3,672,375
|
|||||
3,000
|
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue Bonds, Fiscal Series 2004C, 5.000%, 6/15/35 – AMBAC Insured
|
6/14 at 100.00
|
AAA
|
3,134,040
|
|||||
6,525
|
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue Bonds, Fiscal Series 2005C, 5.000%, 6/15/27 – NPFG Insured (UB)
|
6/15 at 100.00
|
AAA
|
7,152,444
|
46 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (3)
|
Ratings (4)
|
Value
|
|||||
Water and Sewer (continued)
|
|||||||||
$
|
5,000
|
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue Refunding Bonds, Fiscal Series 2003E, 5.000%, 6/15/34
|
6/13 at 100.00
|
AAA
|
$
|
5,195,543
|
|||
7,000
|
Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2005C, 5.000%, 6/01/28 – NPFG Insured (UB)
|
6/15 at 100.00
|
AAA
|
7,342,300
|
|||||
28,025
|
Total Water and Sewer
|
29,658,462
|
|||||||
$
|
552,277
|
Total Investments (cost $531,664,569) – 153.9%
|
558,240,288
|
||||||
Floating Rate Obligations – (11.1)%
|
(40,245,000
|
) | |||||||
Variable Rate Demand Preferred Shares, at Liquidation Value – (44.6)% (5)
|
(161,700,000
|
) | |||||||
Other Assets Less Liabilities – 1.8%
|
6,533,667
|
||||||||
Net Assets Applicable to Common Shares – 100%
|
$
|
362,828,955
|
The fund intends to invest at least 80% of its managed assets in municipal securities that are covered by insurance guaranteeing the timely payment of principal and interest. See Notes to the Financial Statements, Footnote 1 – General Information and Significant Accounting Policies, Insurance for more information.
|
||
(1)
|
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares unless otherwise noted.
|
|
(2)
|
Optional Call Provisions (not covered by the report of independent registered public accounting firm): Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.
|
|
(3)
|
Ratings (not covered by the report of independent registered public accounting firm): Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.
|
|
(4)
|
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. Bonds backed by U.S. Government or agency securities are given an implied rating equal to the rating of such securities.
|
|
(5)
|
Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Investments is 29.0%.
|
|
N/R
|
Not rated.
|
|
(ETM)
|
Escrowed to maturity.
|
|
(IF)
|
Inverse floating rate investment.
|
|
(UB)
|
Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Footnote 1 – General Information and Significant Accounting Policies, Inverse Floating Rate Securities for more information.
|
|
See accompanying notes to financial statements.
|
Nuveen Investments | 47 |
Nuveen Insured New York Premium Income Municipal Fund, Inc.
|
||
NNF
|
Portfolio of Investments
|
|
September 30, 2011
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Consumer Staples – 1.7% (1.1% of Total Investments)
|
|||||||||
$
|
3,060
|
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006, 5.125%, 6/01/42
|
6/16 at 100.00
|
BBB–
|
$
|
2,150,690
|
|||
Education and Civic Organizations – 22.1% (14.7% of Total Investments)
|
|||||||||
Dormitory Authority of the State of New York, General Revenue Bonds, New York University, Series 2001-1:
|
|||||||||
1,500
|
5.500%, 7/01/24 – AMBAC Insured
|
No Opt. Call
|
AA–
|
1,885,785
|
|||||
500
|
5.500%, 7/01/40 – AMBAC Insured
|
No Opt. Call
|
AA–
|
620,585
|
|||||
435
|
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured
|
No Opt. Call
|
BBB
|
446,949
|
|||||
810
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, Yeshiva University, Series 2001, 5.000%, 7/01/20 – AMBAC Insured
|
1/12 at 100.00
|
A2
|
811,450
|
|||||
1,000
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – SYNCORA GTY Insured
|
No Opt. Call
|
Aa2
|
1,073,920
|
|||||
635
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured
|
7/15 at 100.00
|
Aa2
|
660,591
|
|||||
970
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2006A, 5.000%, 7/01/31 – NPFG Insured
|
7/16 at 100.00
|
Aa2
|
1,010,061
|
|||||
255
|
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A, 5.000%, 7/01/37 – FGIC Insured
|
7/17 at 100.00
|
BBB
|
259,636
|
|||||
600
|
Dormitory Authority of the State of New York, Revenue Bonds, Convent of the Sacred Heart, Series 2011, 5.750%, 11/01/40 – AGM Insured
|
5/21 at 100.00
|
AA+
|
654,678
|
|||||
345
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2007, 5.000%, 7/01/32 – AMBAC Insured
|
7/17 at 100.00
|
AA–
|
367,753
|
|||||
1,000
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2009A, 5.250%, 7/01/34
|
7/19 at 100.00
|
AA–
|
1,101,110
|
|||||
3,000
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2009B, 5.000%, 7/01/39
|
7/19 at 100.00
|
AA–
|
3,197,070
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of Technology, Series 2006A:
|
|||||||||
250
|
5.250%, 7/01/20 – AMBAC Insured
|
No Opt. Call
|
A1
|
296,390
|
|||||
200
|
5.250%, 7/01/21 – AMBAC Insured
|
No Opt. Call
|
A1
|
237,704
|
|||||
1,000
|
Dormitory Authority of the State of New York, Revenue Bonds, State University Educational Facilities, Series 1993A, 5.500%, 5/15/19 – AMBAC Insured
|
No Opt. Call
|
Aa3
|
1,179,300
|
|||||
2,200
|
Dormitory Authority of the State of New York, Second General Resolution Consolidated Revenue Bonds, City University System, Series 1993A, 5.750%, 7/01/18 – AGM Insured
|
No Opt. Call
|
AA+
|
2,574,990
|
|||||
1,935
|
Dormitory Authority of the State of New York, State and Local Appropriation Lease Bonds, Upstate Community Colleges, Series 2005A, 5.000%, 7/01/19 – FGIC Insured
|
7/15 at 100.00
|
AA–
|
2,153,075
|
|||||
535
|
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate University, Tender Option Bond Trust 3127, 12.986%, 1/01/14 – AMBAC Insured (IF)
|
No Opt. Call
|
AA+
|
593,422
|
|||||
New York City Industrial Development Agency, New York, Payment in Lieu of Taxes Revenue Bonds, Queens Baseball Stadium Project, Series 2009:
|
|||||||||
400
|
6.125%, 1/01/29 – AGC Insured
|
1/19 at 100.00
|
AA+
|
433,504
|
|||||
200
|
6.375%, 1/01/39 – AGC Insured
|
1/19 at 100.00
|
AA+
|
216,096
|
|||||
1,110
|
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball Stadium Project, Series 2006, 5.000%, 1/01/46 – AMBAC Insured
|
1/17 at 100.00
|
BB+
|
912,853
|
|||||
1,445
|
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured
|
3/19 at 100.00
|
AA+
|
1,664,279
|
48 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Education and Civic Organizations (continued)
|
|||||||||
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium Project, Series 2006:
|
|||||||||
$
|
415
|
5.000%, 3/01/31 – FGIC Insured
|
9/16 at 100.00
|
BBB–
|
$
|
417,229
|
|||
2,360
|
5.000%, 3/01/36 – NPFG Insured
|
9/16 at 100.00
|
Baa1
|
2,351,646
|
|||||
2,025
|
4.500%, 3/01/39 – FGIC Insured
|
9/16 at 100.00
|
BBB–
|
1,839,085
|
|||||
1,250
|
New York City Trust for Cultural Resources, New York, Revenue Refunding Bonds, Museum of Modern Art, Series 1996A, 5.500%, 1/01/21 – AMBAC Insured
|
1/12 at 100.00
|
Aa2
|
1,279,288
|
|||||
350
|
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute, Series 2010A, 5.125%, 9/01/40
|
9/20 at 100.00
|
A–
|
358,288
|
|||||
26,725
|
Total Education and Civic Organizations
|
28,596,737
|
|||||||
Health Care – 18.8% (12.6% of Total Investments)
|
|||||||||
3,000
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, Ellis Hospital, Series 1995, 5.600%, 8/01/25 – NPFG Insured
|
2/12 at 100.00
|
Baa1
|
3,004,140
|
|||||
280
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, Hospital for Special Surgery, Series 2009, 6.250%, 8/15/34
|
8/19 at 100.00
|
AA+
|
330,579
|
|||||
1,400
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, St. Barnabas Hospital, Series 2002A, 5.125%, 2/01/22 – AMBAC Insured
|
8/12 at 100.00
|
N/R
|
1,440,222
|
|||||
805
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – AGM Insured
|
8/17 at 100.00
|
AA+
|
858,677
|
|||||
1,405
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured
|
2/15 at 100.00
|
BBB
|
1,512,272
|
|||||
3,000
|
Dormitory Authority of the State of New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group – St. Charles Hospital and Rehabilitation Center, Series 1999A, 5.500%, 7/01/22 – NPFG Insured
|
1/12 at 100.00
|
A–
|
3,003,720
|
|||||
620
|
Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc., Series 2007B, 5.125%, 7/01/37 – AGC Insured
|
7/17 at 100.00
|
AA+
|
641,787
|
|||||
2,740
|
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer Center, Series 2003-1, 5.000%, 7/01/21 – NPFG Insured
|
7/13 at 100.00
|
AA
|
2,900,564
|
|||||
1,825
|
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured
|
8/14 at 100.00
|
AA+
|
1,993,302
|
|||||
740
|
Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian Hospital Project, Series 2007, 5.000%, 8/15/36 – AGM Insured
|
8/14 at 100.00
|
AA+
|
757,146
|
|||||
1,255
|
Dormitory Authority of the State of New York, Revenue Bonds, Vassar Brothers Hospital, Series 1997, 5.250%, 7/01/17 – AGM Insured
|
1/12 at 100.00
|
AA+
|
1,271,892
|
|||||
3,450
|
Dormitory Authority of the State of New York, Revenue Bonds, Winthrop South Nassau University Health System Obligated Group, Series 2001A, 5.250%, 7/01/31 – AMBAC Insured
|
7/12 at 100.00
|
N/R
|
3,456,383
|
|||||
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series 2003A:
|
|||||||||
1,625
|
5.250%, 2/15/21 – AMBAC Insured
|
2/13 at 100.00
|
Aa3
|
1,703,341
|
|||||
1,000
|
5.250%, 2/15/22 – AMBAC Insured
|
2/13 at 100.00
|
Aa3
|
1,048,650
|
|||||
425
|
Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series 2010-C2, 6.125%, 11/01/37
|
11/20 at 100.00
|
A3
|
441,771
|
|||||
23,570
|
Total Health Care
|
24,364,446
|
|||||||
Housing/Multifamily – 3.8% (2.5% of Total Investments)
|
|||||||||
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds, Series 2005A:
|
|||||||||
400
|
5.000%, 7/01/14 – FGIC Insured
|
No Opt. Call
|
AA+
|
441,088
|
|||||
400
|
5.000%, 7/01/16 – FGIC Insured
|
7/15 at 100.00
|
AA+
|
447,472
|
|||||
2,165
|
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds, Series 2005A, 5.000%, 7/01/25 – FGIC Insured (UB)
|
7/15 at 100.00
|
AA+
|
2,276,995
|
|||||
200
|
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Seaview Towers, Series 2006A, 4.750%, 7/15/39 – AMBAC Insured (Alternative Minimum Tax)
|
1/17 at 100.00
|
Aaa
|
195,310
|
Nuveen Investments | 49 |
Nuveen Insured New York Premium Income Municipal Fund, Inc. (continued)
|
||
NNF
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Housing/Multifamily (continued)
|
|||||||||
$
|
365
|
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Series 2010-D1A, 5.000%, 11/01/42
|
5/20 at 100.00
|
AA
|
$
|
375,505
|
|||
1,000
|
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2007B, 5.300%, 11/01/37 (Alternative Minimum Tax)
|
11/17 at 100.00
|
Aa2
|
1,011,090
|
|||||
110
|
New York State Housing Finance Agency, Mortgage Revenue Refunding Bonds, Housing Project, Series 1996A, 6.125%, 11/01/20 – AGM Insured
|
11/11 at 100.00
|
AA+
|
110,183
|
|||||
4,640
|
Total Housing/Multifamily
|
4,857,643
|
|||||||
Long-Term Care – 0.7% (0.5% of Total Investments)
|
|||||||||
850
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, NYSARC Inc., Series 2001A, 5.000%, 7/01/26 – AGM Insured
|
1/12 at 102.00
|
AA+
|
869,253
|
|||||
Tax Obligation/General – 6.4% (4.2% of Total Investments)
|
|||||||||
500
|
Erie County, New York, General Obligation Bonds, Series 2003A, 5.250%, 3/15/16 – NPFG Insured
|
3/13 at 100.00
|
A2
|
526,415
|
|||||
315
|
Erie County, New York, General Obligation Bonds, Series 2004B, 5.250%, 4/01/13 – NPFG Insured
|
No Opt. Call
|
A2
|
333,012
|
|||||
210
|
Nassau County, New York, General Obligation Improvement Bonds, Series 1993H, 5.500%, 6/15/16 – NPFG Insured
|
No Opt. Call
|
A+
|
244,270
|
|||||
5
|
New York City, New York, General Obligation Bonds, Fiscal Series 1998F, 5.250%, 8/01/16 – FGIC Insured
|
2/12 at 100.00
|
AA
|
5,020
|
|||||
1,000
|
New York City, New York, General Obligation Bonds, Fiscal Series 2005J, 5.000%, 3/01/19 – FGIC Insured
|
3/15 at 100.00
|
AA
|
1,111,590
|
|||||
New York City, New York, General Obligation Bonds, Series 2004E:
|
|||||||||
1,000
|
5.000%, 11/01/19 – AGM Insured (UB)
|
11/14 at 100.00
|
AA+
|
1,103,180
|
|||||
1,100
|
5.000%, 11/01/20 – AGM Insured (UB)
|
11/14 at 100.00
|
AA+
|
1,211,045
|
|||||
915
|
Niagara Falls, New York, General Obligation Bonds, Series 1994, 7.500%, 3/01/13 – NPFG Insured
|
No Opt. Call
|
A2
|
990,771
|
|||||
1,000
|
Red Hook Central School District, Dutchess County, New York, General Obligation Refunding Bonds, Series 2002, 5.125%, 6/15/18 – AGM Insured
|
6/12 at 100.00
|
Aa3
|
1,030,610
|
|||||
1,525
|
Yonkers, New York, General Obligation Bonds, Series 2005A, 5.000%, 8/01/16 – NPFG Insured
|
8/15 at 100.00
|
A2
|
1,677,485
|
|||||
7,570
|
Total Tax Obligation/General
|
8,233,398
|
|||||||
Tax Obligation/Limited – 55.3% (36.9% of Total Investments)
|
|||||||||
690
|
Dormitory Authority of the State of New York, Department of Health Revenue Bonds, Series 2005A, 5.250%, 7/01/24 – CIFG Insured
|
7/15 at 100.00
|
AA–
|
742,268
|
|||||
50
|
Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health Services Facilities, Series 2000D, 5.250%, 8/15/30 – AGM Insured
|
12/11 at 100.00
|
AA+
|
50,042
|
|||||
500
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, Wayne-Finger Lakes Board of Cooperative Education Services, Series 2004, 5.000%, 8/15/23 – AGM Insured
|
8/14 at 100.00
|
AA+
|
523,605
|
|||||
1,210
|
Dormitory Authority of the State of New York, Revenue Bonds, Department of Health, Series 2004-2, 5.000%, 7/01/20 – FGIC Insured
|
7/14 at 100.00
|
AA–
|
1,292,946
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities Improvements, Series 2005D-1:
|
|||||||||
225
|
5.000%, 2/15/15 – FGIC Insured
|
No Opt. Call
|
AA–
|
253,665
|
|||||
600
|
5.000%, 8/15/23 – FGIC Insured
|
2/15 at 100.00
|
AA–
|
638,922
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program, Series 2002D:
|
|||||||||
4,300
|
5.250%, 10/01/23 – NPFG Insured
|
10/12 at 100.00
|
A+
|
4,458,584
|
|||||
875
|
5.000%, 10/01/30 – NPFG Insured
|
10/12 at 100.00
|
A+
|
882,963
|
|||||
375
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series 2005F, 5.000%, 3/15/21 – AGM Insured
|
3/15 at 100.00
|
AAA
|
418,196
|
|||||
500
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District, Series 2004, 5.750%, 5/01/26 – AGM Insured (UB)
|
5/14 at 100.00
|
AA+
|
531,925
|
50 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Tax Obligation/Limited (continued)
|
|||||||||
$
|
2,615
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District, Series 2007A, 5.750%, 5/01/28 – AGM Insured (UB)
|
5/17 at 100.00
|
AA+
|
$
|
2,888,058
|
|||
830
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District Project, Series 2008A, 5.750%, 5/01/27 – AGM Insured (UB)
|
5/18 at 100.00
|
AA+
|
931,966
|
|||||
1,000
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District Project, Series 2009A, 5.000%, 5/01/31
|
No Opt. Call
|
AA–
|
1,057,130
|
|||||
5,000
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%, 2/15/47 – FGIC Insured
|
2/17 at 100.00
|
A
|
4,946,500
|
|||||
2,500
|
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2002A, 5.250%, 11/15/25 – AGM Insured
|
11/12 at 100.00
|
AA+
|
2,602,375
|
|||||
1,350
|
Metropolitan Transportation Authority, New York, State Service Contract Bonds, Series 2002B, 5.500%, 7/01/18 – NPFG Insured
|
7/12 at 100.00
|
AA–
|
1,394,753
|
|||||
1,500
|
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, Series 2002A, 5.750%, 7/01/18 – AGM Insured (UB)
|
No Opt. Call
|
AA+
|
1,838,730
|
|||||
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, Series 2002A:
|
|||||||||
1,500
|
5.500%, 1/01/20 – NPFG Insured
|
7/12 at 100.00
|
AA–
|
1,547,640
|
|||||
2,000
|
5.000%, 7/01/30 – AMBAC Insured
|
7/12 at 100.00
|
AA–
|
2,045,540
|
|||||
Nassau County Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds, Series 2003A:
|
|||||||||
1,000
|
5.000%, 11/15/18 – AMBAC Insured
|
11/13 at 100.00
|
AAA
|
1,084,660
|
|||||
580
|
4.750%, 11/15/21 – AMBAC Insured
|
11/13 at 100.00
|
AAA
|
619,585
|
|||||
580
|
4.750%, 11/15/22 – AMBAC Insured
|
11/13 at 100.00
|
AAA
|
620,467
|
|||||
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local Government Assistance Corporation, Series 2004A:
|
|||||||||
920
|
5.000%, 10/15/25 – NPFG Insured (UB)
|
10/14 at 100.00
|
AAA
|
1,009,185
|
|||||
680
|
5.000%, 10/15/26 – NPFG Insured (UB)
|
10/14 at 100.00
|
AAA
|
743,906
|
|||||
4,590
|
5.000%, 10/15/29 – AMBAC Insured (UB)
|
10/14 at 100.00
|
AAA
|
4,916,624
|
|||||
20
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2003E, 5.250%, 2/01/22 – NPFG Insured
|
2/13 at 100.00
|
AAA
|
21,060
|
|||||
240
|
New York City Transitional Finance Authority, New York, Future Tax Secured Refunding Bonds, Fiscal Series 2003D, 5.000%, 2/01/22 – NPFG Insured
|
2/13 at 100.00
|
AAA
|
251,966
|
|||||
2,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds, Subordinate Lien Series 2011C, 5.500%, 11/01/35
|
11/20 at 100.00
|
AAA
|
2,278,060
|
|||||
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A:
|
|||||||||
5,340
|
5.750%, 4/01/33 – AGM Insured
|
4/21 at 100.00
|
AA+
|
6,052,409
|
|||||
2,000
|
5.750%, 4/01/41
|
4/21 at 100.00
|
AA–
|
2,251,700
|
|||||
New York Convention Center Development Corporation, New York, Hotel Fee Revenue Bonds, Tender Option Bonds Trust 3095:
|
|||||||||
345
|
13.313%, 11/15/30 – AMBAC Insured (IF)
|
11/15 at 100.00
|
AA+
|
400,248
|
|||||
1,365
|
13.299%, 11/15/44 – AMBAC Insured (IF)
|
11/15 at 100.00
|
AA+
|
1,529,373
|
|||||
1,500
|
New York State Local Government Assistance Corporation, Revenue Bonds, Series 1993E, 5.250%, 4/01/16 – AGM Insured (UB)
|
No Opt. Call
|
AAA
|
1,720,695
|
|||||
1,000
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series 2004A, 5.000%, 4/01/23 – NPFG Insured
|
4/14 at 100.00
|
AA
|
1,060,410
|
|||||
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series 2005B:
|
|||||||||
2,960
|
5.500%, 4/01/20 – AMBAC Insured
|
No Opt. Call
|
AA
|
3,634,614
|
|||||
500
|
5.000%, 4/01/21 – AMBAC Insured
|
10/15 at 100.00
|
AA
|
550,035
|
|||||
750
|
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2004A, 5.000%, 3/15/24 – AMBAC Insured
|
9/14 at 100.00
|
AAA
|
822,135
|
Nuveen Investments | 51 |
Nuveen Insured New York Premium Income Municipal Fund, Inc. (continued)
|
||
NNF
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Tax Obligation/Limited (continued)
|
|||||||||
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and State Contingency Contract-Backed Bonds, Series 2003A-1:
|
|||||||||
$
|
2,100
|
5.250%, 6/01/20 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
$
|
2,247,357
|
|||
3,800
|
5.250%, 6/01/22 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
4,066,646
|
|||||
1,900
|
New York State Urban Development Corporation, Revenue Bonds, Correctional Facilities, Series 1994A, 5.250%, 1/01/14 – AGM Insured
|
No Opt. Call
|
AA+
|
2,004,956
|
|||||
500
|
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, Series 2005B, 5.000%, 3/15/30 – AGM Insured
|
3/15 at 100.00
|
AAA
|
526,470
|
|||||
345
|
Niagara Falls City School District, Niagara County, New York, Certificates of Participation, High School Facility, Series 2005, 5.000%, 6/15/28 – AGM Insured
|
6/15 at 100.00
|
AA+
|
354,067
|
|||||
1,000
|
Puerto Rico Highway and Transportation Authority, Highway Revenue Refunding Bonds, Series 2002E, 5.500%, 7/01/18 – AGM Insured
|
No Opt. Call
|
AA+
|
1,105,680
|
|||||
1,470
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series 2010C, 5.125%, 8/01/42 – AGM Insured
|
8/20 at 100.00
|
AA+
|
1,528,139
|
|||||
1,290
|
Syracuse Industrial Development Authority, New York, PILOT Mortgage Revenue Bonds, Carousel Center Project, Series 2007A, 5.000%, 1/01/36 – SYNCORA GTY Insured (Alternative Minimum Tax)
|
1/17 at 100.00
|
BBB–
|
1,093,559
|
|||||
66,395
|
Total Tax Obligation/Limited
|
71,539,814
|
|||||||
Transportation – 15.0% (10.0% of Total Investments)
|
|||||||||
2,000
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2003A, 5.000%, 11/15/25 – AGM Insured
|
11/13 at 100.00
|
AA+
|
2,124,040
|
|||||
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005A:
|
|||||||||
600
|
4.750%, 11/15/27 – NPFG Insured
|
11/15 at 100.00
|
AA+
|
636,054
|
|||||
1,500
|
4.750%, 11/15/30 – AMBAC Insured
|
11/15 at 100.00
|
A
|
1,522,650
|
|||||
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, Series 2002A:
|
|||||||||
500
|
5.500%, 11/15/19 – AMBAC Insured
|
11/12 at 100.00
|
A
|
521,875
|
|||||
2,010
|
5.000%, 11/15/25 – FGIC Insured
|
11/12 at 100.00
|
A
|
2,085,114
|
|||||
2,000
|
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, Series 2002E, 5.000%, 11/15/25 – NPFG Insured
|
11/12 at 100.00
|
A
|
2,074,740
|
|||||
330
|
New York State Thruway Authority, General Revenue Bonds, Refunding Series 2007H, 5.000%, 1/01/25 – FGIC Insured
|
1/18 at 100.00
|
A+
|
361,934
|
|||||
New York State Thruway Authority, General Revenue Bonds, Series 2005F:
|
|||||||||
925
|
5.000%, 1/01/20 – AMBAC Insured
|
1/15 at 100.00
|
A+
|
1,012,709
|
|||||
2,240
|
5.000%, 1/01/30 – AMBAC Insured
|
1/15 at 100.00
|
A+
|
2,391,603
|
|||||
600
|
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 – AGM Insured (UB)
|
7/15 at 100.00
|
AA+
|
637,110
|
|||||
500
|
Niagara Frontier Airport Authority, New York, Airport Revenue Bonds, Buffalo Niagara International Airport, Series 1999A, 5.625%, 4/01/29 – NPFG Insured (Alternative Minimum Tax)
|
4/12 at 100.00
|
Baa1
|
489,385
|
|||||
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth Series 2005:
|
|||||||||
1,000
|
5.000%, 12/01/28 – SYNCORA GTY Insured
|
6/15 at 101.00
|
Aa2
|
1,062,300
|
|||||
565
|
5.000%, 12/01/31 – SYNCORA GTY Insured
|
6/15 at 101.00
|
Aa2
|
596,194
|
|||||
410
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty Eighth Series 2008, Trust 2920, 17.484%, 8/15/32 – AGM Insured (IF)
|
8/17 at 100.00
|
AA+
|
522,930
|
|||||
Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue Refunding Bonds, Series 2002E:
|
|||||||||
780
|
5.500%, 11/15/20 – NPFG Insured
|
No Opt. Call
|
Aa3
|
951,054
|
|||||
2,300
|
5.250%, 11/15/22 – NPFG Insured
|
11/12 at 100.00
|
Aa3
|
2,402,373
|
|||||
18,260
|
Total Transportation
|
19,392,065
|
52 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
U.S. Guaranteed – 10.5% (7.0% of Total Investments) (4)
|
|||||||||
$
|
1,270
|
Dormitory Authority of the State of New York, Revenue Bonds, State University Educational Facilities, Series 2002A, 5.000%, 5/15/16 (Pre-refunded 5/15/12) – FGIC Insured
|
5/12 at 101.00
|
AA– (4)
|
$
|
1,320,864
|
|||
750
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District, Series 2003, 5.750%, 5/01/19 (Pre-refunded 5/01/12) – AGM Insured
|
5/12 at 100.00
|
AA+ (4)
|
774,390
|
|||||
500
|
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 1999A, 5.000%, 4/01/29 (Pre-refunded 10/01/14) – AGM Insured
|
10/14 at 100.00
|
AA+ (4)
|
568,500
|
|||||
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2003C:
|
|||||||||
715
|
5.250%, 8/01/20 (Pre-refunded 8/01/12) – AMBAC Insured
|
8/12 at 100.00
|
AAA
|
745,116
|
|||||
2,345
|
5.250%, 8/01/21 (Pre-refunded 8/01/12) – AMBAC Insured
|
8/12 at 100.00
|
AAA
|
2,443,771
|
|||||
980
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2003E, 5.250%, 2/01/22 (Pre-refunded 2/01/13) – NPFG Insured
|
2/13 at 100.00
|
Aaa
|
1,044,425
|
|||||
1,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2004C, 5.000%, 2/01/19 (Pre-refunded 2/01/14) – SYNCORA GTY Insured
|
2/14 at 100.00
|
AAA
|
1,107,720
|
|||||
1,260
|
New York City Transitional Finance Authority, New York, Future Tax Secured Refunding Bonds, Fiscal Series 2003D, 5.000%, 2/01/22
(Pre-refunded 2/01/13) – NPFG Insured |
2/13 at 100.00
|
Aaa
|
1,338,637
|
|||||
1,000
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2002B, 5.000%, 4/01/20 (Pre-refunded 4/01/12) – AMBAC Insured
|
4/12 at 100.00
|
AA+ (4)
|
1,024,190
|
|||||
2,000
|
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, State Facilities and Equipment, Series 2002C-1, 5.500%, 3/15/21 (Pre-refunded 3/15/13) – FGIC Insured
|
3/13 at 100.00
|
AA+ (4)
|
2,150,940
|
|||||
85
|
Niagara Falls, New York, General Obligation Bonds, Series 1994, 7.500%, 3/01/13 – NPFG Insured (ETM)
|
No Opt. Call
|
A2 (4)
|
93,643
|
|||||
1,000
|
Suffolk County Water Authority, New York, Subordinate Lien Waterworks Revenue Bonds, Series 1993, 5.100%, 6/01/12 – NPFG Insured (ETM)
|
No Opt. Call
|
AAA
|
1,032,860
|
|||||
12,905
|
Total U.S. Guaranteed
|
13,645,056
|
|||||||
Utilities – 6.8% (4.5% of Total Investments)
|
|||||||||
540
|
Guam Power Authority, Revenue Bonds, Series 2010A, 5.000%, 10/01/37 – AGM Insured
|
10/20 at 100.00
|
AA+
|
563,668
|
|||||
500
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2001A, 5.000%, 9/01/27 – AGM Insured
|
3/12 at 100.00
|
AA+
|
500,770
|
|||||
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
|
|||||||||
2,270
|
5.000%, 12/01/23 – FGIC Insured
|
6/16 at 100.00
|
A–
|
2,451,146
|
|||||
2,930
|
5.000%, 12/01/25 – FGIC Insured
|
6/16 at 100.00
|
A–
|
3,126,134
|
|||||
1,500
|
5.000%, 12/01/26 – AGC Insured
|
6/16 at 100.00
|
AA+
|
1,638,780
|
|||||
250
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B, 5.000%, 12/01/35 – CIFG Insured
|
6/16 at 100.00
|
A–
|
255,883
|
|||||
250
|
Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%, 11/15/19 – FGIC Insured
|
11/15 at 100.00
|
Aa2
|
281,218
|
|||||
8,240
|
Total Utilities
|
8,817,599
|
|||||||
Water and Sewer – 9.1% (6.0% of Total Investments)
|
|||||||||
2,000
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Second Generation Resolution, Fiscal 2010 Series 2009BB, 5.000%, 6/15/27
|
6/19 at 100.00
|
AA+
|
2,202,460
|
|||||
1,200
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Series 2006B, 5.000%, 6/15/36 – NPFG Insured (UB)
|
6/16 at 100.00
|
AAA
|
1,259,100
|
|||||
3,305
|
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue Bonds, Fiscal Series 2004C, 5.000%, 6/15/35 – AMBAC Insured
|
6/14 at 100.00
|
AAA
|
3,452,658
|
Nuveen Investments | 53 |
Nuveen Insured New York Premium Income Municipal Fund, Inc. (continued)
|
||
NNF
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Water and Sewer (continued)
|
|||||||||
$
|
1,980
|
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue Bonds, Fiscal Series 2005C, 5.000%, 6/15/27 – NPFG Insured (UB)
|
6/15 at 100.00
|
AAA
|
$
|
2,170,397
|
|||
2,500
|
Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2005C, 5.000%, 6/01/28 – NPFG Insured (UB)
|
6/15 at 100.00
|
AA+
|
2,622,250
|
|||||
10,985
|
Total Water and Sewer
|
11,706,865
|
|||||||
$
|
183,200
|
Total Investments (cost $184,643,115) – 150.2%
|
194,173,566
|
||||||
Floating Rate Obligations – (12.8)%
|
(16,600,000
|
) | |||||||
Variable MuniFund Term Preferred Shares, at Liquidation Value – (39.2)% (5)
|
(50,700,000
|
) | |||||||
Other Assets Less Liabilities – 1.8%
|
2,445,259
|
||||||||
Net Assets Applicable to Common Shares – 100%
|
$
|
129,318,825
|
The fund intends to invest at least 80% of its managed assets in municipal securities that are covered by insurance guaranteeing the timely payment of principal and interest. See Notes to the Financial Statements, Footnote 1 – General Information and Significant Accounting Policies, Insurance for more information.
|
||
(1)
|
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares unless otherwise noted.
|
|
(2)
|
Optional Call Provisions (not covered by the report of independent registered public accounting firm): Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.
|
|
(3)
|
Ratings (not covered by the report of independent registered public accounting firm): Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.
|
|
(4)
|
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. Bonds backed by U.S. Government or agency securities are given an implied rating equal to the rating of such securities.
|
|
(5)
|
Variable MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 26.1%.
|
|
N/R
|
Not rated.
|
|
(ETM)
|
Escrowed to maturity.
|
|
(IF)
|
Inverse floating rate investment.
|
|
(UB)
|
Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Footnote 1 – General Information and Significant Accounting Policies, Inverse Floating Rate Securities for more information.
|
|
See accompanying notes to financial statements.
|
54 | Nuveen Investments |
Nuveen Insured New York Dividend Advantage Municipal Fund
|
||
NKO
|
Portfolio of Investments
|
|
September 30, 2011
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Consumer Staples – 2.4% (1.6% of Total Investments)
|
|||||||||
$
|
1,405
|
New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001, 5.250%, 6/01/25
|
12/11 at 101.00
|
A3
|
$
|
1,279,407
|
|||
1,000
|
New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, Series 2003, 5.750%, 6/01/33
|
6/13 at 100.00
|
A1
|
928,680
|
|||||
720
|
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds, Series 2002, 5.375%, 5/15/33
|
5/12 at 100.00
|
BBB
|
679,975
|
|||||
3,125
|
Total Consumer Staples
|
2,888,062
|
|||||||
Education and Civic Organizations – 25.1% (17.3% of Total Investments)
|
|||||||||
395
|
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured
|
No Opt. Call
|
BBB
|
405,851
|
|||||
4,000
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, Mount Sinai School of Medicine, Series 1994A, 5.150%, 7/01/24 – NPFG Insured
|
No Opt. Call
|
A–
|
4,325,080
|
|||||
1,280
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, New York Medical College, Series 1998, 5.000%, 7/01/21 – NPFG Insured
|
1/12 at 100.00
|
Baa1
|
1,283,699
|
|||||
1,000
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – SYNCORA GTY Insured
|
No Opt. Call
|
Aa2
|
1,073,920
|
|||||
140
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured
|
7/15 at 100.00
|
Aa2
|
145,642
|
|||||
920
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2006A, 5.000%, 7/01/31 – NPFG Insured
|
7/16 at 100.00
|
Aa2
|
957,996
|
|||||
240
|
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A, 5.000%, 7/01/37 – FGIC Insured
|
7/17 at 100.00
|
BBB
|
244,363
|
|||||
580
|
Dormitory Authority of the State of New York, Revenue Bonds, Convent of the Sacred Heart, Series 2011, 5.750%, 11/01/40 – AGM Insured
|
5/21 at 100.00
|
AA+
|
632,855
|
|||||
1,000
|
Dormitory Authority of the State of New York, Revenue Bonds, Marymount Manhattan College, Series 2009, 5.250%, 7/01/29
|
7/19 at 100.00
|
Baa2
|
1,006,560
|
|||||
3,250
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 1998A, 6.000%, 7/01/18 – NPFG Insured
|
No Opt. Call
|
AA–
|
4,038,223
|
|||||
330
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2007, 5.000%, 7/01/32 – AMBAC Insured
|
7/17 at 100.00
|
AA–
|
351,764
|
|||||
510
|
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate University, Tender Option Bond Trust 3127, 12.986%, 1/01/14 – AMBAC Insured (IF)
|
No Opt. Call
|
AA+
|
565,692
|
|||||
300
|
New York City Industrial Development Agency, New York, Payment in Lieu of Taxes Revenue Bonds, Queens Baseball Stadium Project, Series 2009, 6.125%, 1/01/29 – AGC Insured
|
1/19 at 100.00
|
AA+
|
325,128
|
|||||
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball Stadium Project, Series 2006:
|
|||||||||
1,000
|
5.000%, 1/01/36 – AMBAC Insured
|
1/17 at 100.00
|
BB+
|
874,710
|
|||||
1,060
|
5.000%, 1/01/46 – AMBAC Insured
|
1/17 at 100.00
|
BB+
|
871,733
|
|||||
885
|
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured
|
3/19 at 100.00
|
AA+
|
1,019,299
|
|||||
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium Project, Series 2006:
|
|||||||||
395
|
5.000%, 3/01/31 – FGIC Insured
|
9/16 at 100.00
|
BBB–
|
397,121
|
|||||
2,210
|
5.000%, 3/01/36 – NPFG Insured
|
9/16 at 100.00
|
Baa1
|
2,202,177
|
|||||
1,920
|
4.500%, 3/01/39 – FGIC Insured
|
9/16 at 100.00
|
BBB–
|
1,743,725
|
|||||
1,560
|
New York City Trust for Cultural Resources, New York, Revenue Bonds, American Museum of Natural History, Series 2004A, 5.000%, 7/01/36 – NPFG Insured
|
7/14 at 100.00
|
AA
|
1,605,318
|
|||||
4,000
|
New York City Trust for Cultural Resources, New York, Revenue Bonds, Museum of Modern Art, Series 2001D, 5.125%, 7/01/31 – AMBAC Insured
|
7/12 at 100.00
|
Aa2
|
4,101,160
|
Nuveen Investments | 55 |
Nuveen Insured New York Dividend Advantage Municipal Fund (continued)
|
||
NKO
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Education and Civic Organizations (continued)
|
|||||||||
$
|
1,000
|
New York City Trust for Cultural Resources, New York, Revenue Bonds, Whitney Museum of American Art, Series 2011, 5.000%, 7/01/31
|
1/21 at 100.00
|
A
|
$
|
1,020,350
|
|||
1,000
|
Tompkins County Development Corporation, New York, Revenue Bonds, Ithaca College, Series 2011, 5.250%, 7/01/36 – AGM Insured
|
1/21 at 100.00
|
Aa3
|
1,072,220
|
|||||
350
|
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute, Series 2010A, 5.125%, 9/01/40
|
9/20 at 100.00
|
A–
|
358,288
|
|||||
29,325
|
Total Education and Civic Organizations
|
30,622,874
|
|||||||
Health Care – 14.4% (9.9% of Total Investments)
|
|||||||||
1,400
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, St. Barnabas Hospital, Series 2002A, 5.125%, 2/01/22 – AMBAC Insured
|
8/12 at 100.00
|
N/R
|
1,440,222
|
|||||
760
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – AGM Insured
|
8/17 at 100.00
|
AA+
|
810,677
|
|||||
425
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore Hospital, Series 2004, 5.000%, 8/01/33 – FGIC Insured
|
2/15 at 100.00
|
BBB
|
433,534
|
|||||
1,500
|
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured
|
2/15 at 100.00
|
BBB
|
1,640,220
|
|||||
2,050
|
Dormitory Authority of the State of New York, Hospital Revenue Bonds, Catholic Health Services of Long Island Obligated Group – St. Francis Hospital, Series 1999A, 5.500%, 7/01/22 – NPFG Insured
|
1/12 at 100.00
|
A–
|
2,052,542
|
|||||
170
|
Dormitory Authority of the State of New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group – St. Charles Hospital and Rehabilitation Center, Series 1999A, 5.500%, 7/01/22 – NPFG Insured
|
1/12 at 100.00
|
A–
|
170,211
|
|||||
1,540
|
Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc., Series 2007B, 5.250%, 7/01/27 – AGC Insured
|
7/17 at 100.00
|
AA+
|
1,628,627
|
|||||
1,725
|
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer Center, Series 2003-1, 5.000%, 7/01/21 – NPFG Insured
|
7/13 at 100.00
|
AA
|
1,826,085
|
|||||
870
|
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured
|
8/14 at 100.00
|
AA+
|
950,231
|
|||||
600
|
Dormitory Authority of the State of New York, Revenue Bonds, South Nassau Communities Hospital, Series 2003B, 5.500%, 7/01/23
|
7/13 at 100.00
|
Baa1
|
612,546
|
|||||
700
|
Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian Hospital Project, Series 2007, 5.000%, 8/15/36 – AGM Insured
|
8/14 at 100.00
|
AA+
|
716,219
|
|||||
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series 2003A:
|
|||||||||
1,500
|
5.250%, 2/15/21 – AMBAC Insured
|
2/13 at 100.00
|
Aa3
|
1,572,315
|
|||||
1,000
|
5.250%, 2/15/22 – AMBAC Insured
|
2/13 at 100.00
|
Aa3
|
1,048,650
|
|||||
Suffolk County Industrial Development Agency, New York, Revenue Bonds, Huntington Hospital, Series 2002C:
|
|||||||||
725
|
6.000%, 11/01/22
|
11/12 at 100.00
|
A–
|
740,037
|
|||||
1,045
|
5.875%, 11/01/32
|
11/12 at 100.00
|
A–
|
1,053,997
|
|||||
850
|
Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series 2010-C2, 6.125%, 11/01/37
|
11/20 at 100.00
|
A3
|
883,541
|
|||||
16,860
|
Total Health Care
|
17,579,654
|
|||||||
Housing/Multifamily – 5.2% (3.6% of Total Investments)
|
|||||||||
1,000
|
Canton Capital Resource Corporation, New York, Student Housing Facility Revenue Bonds, Grasse River LLC at SUNY Canton Project Series 2010A, 5.000%, 5/01/40
|
5/20 at 100.00
|
AA+
|
1,021,310
|
|||||
180
|
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Seaview Towers, Series 2006A, 4.750%, 7/15/39 – AMBAC Insured (Alternative Minimum Tax)
|
1/17 at 100.00
|
Aaa
|
175,779
|
56 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Housing/Multifamily (continued)
|
|||||||||
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Series 2002A:
|
|||||||||
$
|
2,725
|
5.375%, 11/01/23 (Alternative Minimum Tax)
|
5/12 at 100.00
|
AA
|
$
|
2,741,268
|
|||
1,375
|
5.500%, 11/01/34 (Alternative Minimum Tax)
|
5/12 at 100.00
|
AA
|
1,379,689
|
|||||
1,000
|
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2007B, 5.300%, 11/01/37 (Alternative Minimum Tax)
|
11/17 at 100.00
|
Aa2
|
1,011,090
|
|||||
6,280
|
Total Housing/Multifamily
|
6,329,136
|
|||||||
Long-Term Care – 2.5% (1.8% of Total Investments)
|
|||||||||
510
|
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of Westchester Project, Series 2006, 5.200%, 2/15/41
|
2/17 at 103.00
|
AA+
|
538,846
|
|||||
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Willow Towers Inc., Series 2002:
|
|||||||||
960
|
5.250%, 2/01/22
|
8/12 at 101.00
|
AA+
|
1,000,253
|
|||||
1,500
|
5.400%, 2/01/34
|
8/12 at 101.00
|
AA+
|
1,559,070
|
|||||
2,970
|
Total Long-Term Care
|
3,098,169
|
|||||||
Tax Obligation/General – 4.3% (2.9% of Total Investments)
|
|||||||||
1,240
|
Canandaigua City School District, Ontario County, New York, General Obligation Refunding Bonds, Series 2002A, 5.375%, 4/01/17 – AGM Insured
|
4/12 at 101.00
|
Aa3
|
1,281,565
|
|||||
200
|
New York City, New York, General Obligation Bonds, Fiscal 2009 Series E, 5.000%, 8/01/28
|
8/19 at 100.00
|
AA
|
217,864
|
|||||
525
|
New York City, New York, General Obligation Bonds, Fiscal Series 2006C, 5.000%, 8/01/16 – AGM Insured
|
8/15 at 100.00
|
AA+
|
598,868
|
|||||
New York City, New York, General Obligation Bonds, Series 2004E:
|
|||||||||
1,700
|
5.000%, 11/01/19 – AGM Insured (UB)
|
11/14 at 100.00
|
AA+
|
1,875,406
|
|||||
1,100
|
5.000%, 11/01/20 – AGM Insured (UB)
|
11/14 at 100.00
|
AA+
|
1,211,045
|
|||||
4,765
|
Total Tax Obligation/General
|
5,184,748
|
|||||||
Tax Obligation/Limited – 48.7% (33.4% of Total Investments)
|
|||||||||
190
|
Dormitory Authority of the State of New York, 853 Schools Program Insured Revenue Bonds, Vanderheyden Hall Inc., Issue 2, Series 1998F, 5.250%, 7/01/18 – AMBAC Insured
|
12/11 at 100.00
|
N/R
|
190,604
|
|||||
3,000
|
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program, Series 2002D, 5.250%, 10/01/23 – NPFG Insured
|
10/12 at 100.00
|
A+
|
3,110,640
|
|||||
160
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series 2005F, 5.000%, 3/15/21 – AGM Insured
|
3/15 at 100.00
|
AAA
|
178,430
|
|||||
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District Project, Series 2008A:
|
|||||||||
590
|
5.750%, 5/01/27 – AGM Insured (UB)
|
5/18 at 100.00
|
AA+
|
662,482
|
|||||
190
|
5.750%, 5/01/28 – AGM Insured (UB)
|
5/18 at 100.00
|
AA+
|
212,988
|
|||||
2,485
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District, Series 2007A, 5.750%, 5/01/28 – AGM Insured (UB)
|
5/17 at 100.00
|
AA+
|
2,744,484
|
|||||
4,760
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%, 2/15/47 – FGIC Insured
|
2/17 at 100.00
|
A
|
4,709,068
|
|||||
2,290
|
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2002A, 5.250%, 11/15/25 – AGM Insured
|
11/12 at 100.00
|
AA+
|
2,383,776
|
|||||
4,000
|
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, Series 2002A, 5.000%, 7/01/25 – FGIC Insured
|
7/12 at 100.00
|
AA–
|
4,104,160
|
|||||
1,000
|
Nassau County Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds, Series 2003A, 5.000%, 11/15/18 – AMBAC Insured
|
11/13 at 100.00
|
AAA
|
1,084,660
|
Nuveen Investments | 57 |
Nuveen Insured New York Dividend Advantage Municipal Fund (continued)
|
||
NKO
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Tax Obligation/Limited (continued)
|
|||||||||
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local Government Assistance Corporation, Series 2004A:
|
|||||||||
$
|
3,400
|
5.000%, 10/15/25 – NPFG Insured
|
10/14 at 100.00
|
AAA
|
$
|
3,729,596
|
|||
1,040
|
5.000%, 10/15/26 – NPFG Insured
|
10/14 at 100.00
|
AAA
|
1,137,739
|
|||||
300
|
5.000%, 10/15/29 – AMBAC Insured
|
10/14 at 100.00
|
AAA
|
321,348
|
|||||
3,950
|
5.000%, 10/15/32 – AMBAC Insured
|
10/14 at 100.00
|
AAA
|
4,203,077
|
|||||
2,500
|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
|
1/17 at 100.00
|
AA–
|
2,655,375
|
|||||
5
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2002B, 5.250%, 5/01/16 – NPFG Insured
|
11/11 at 101.00
|
AAA
|
5,070
|
|||||
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A:
|
|||||||||
5,130
|
5.750%, 4/01/33 – AGM Insured
|
4/21 at 100.00
|
AA+
|
5,814,393
|
|||||
1,000
|
5.750%, 4/01/41
|
4/21 at 100.00
|
AA–
|
1,125,850
|
|||||
New York Convention Center Development Corporation, New York, Hotel Fee Revenue Bonds, Tender Option Bonds Trust 3095:
|
|||||||||
165
|
13.313%, 11/15/30 – AMBAC Insured (IF)
|
11/15 at 100.00
|
AA+
|
191,423
|
|||||
140
|
13.299%, 11/15/44 – AMBAC Insured (IF)
|
11/15 at 100.00
|
AA+
|
156,859
|
|||||
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series 2005B:
|
|||||||||
2,625
|
5.500%, 4/01/20 – AMBAC Insured
|
No Opt. Call
|
AA
|
3,223,264
|
|||||
500
|
5.000%, 4/01/21 – AMBAC Insured
|
10/15 at 100.00
|
AA
|
550,035
|
|||||
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and State Contingency Contract-Backed Bonds, Series 2003A-1:
|
|||||||||
1,900
|
5.250%, 6/01/20 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
2,033,323
|
|||||
1,000
|
5.250%, 6/01/22 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
1,070,170
|
|||||
750
|
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21
|
6/13 at 100.00
|
AA–
|
805,725
|
|||||
8,600
|
New York State Urban Development Corporation, Revenue Refunding Bonds, State Facilities, Series 1995, 5.700%, 4/01/20 – AGM Insured (UB)
|
No Opt. Call
|
AA+
|
10,315,528
|
|||||
295
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series 2010C, 5.125%, 8/01/42 – AGM Insured
|
8/20 at 100.00
|
AA+
|
306,667
|
|||||
7,500
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%, 8/01/41 – NPFG Insured
|
No Opt. Call
|
Aa2
|
1,290,975
|
|||||
1,225
|
Syracuse Industrial Development Authority, New York, PILOT Mortgage Revenue Bonds, Carousel Center Project, Series 2007A, 5.000%, 1/01/36 – SYNCORA GTY Insured (Alternative Minimum Tax)
|
1/17 at 100.00
|
BBB–
|
1,038,457
|
|||||
60,690
|
Total Tax Obligation/Limited
|
59,356,166
|
|||||||
Transportation – 14.2% (9.7% of Total Investments)
|
|||||||||
2,000
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2003A, 5.000%, 11/15/25 – AGM Insured
|
11/13 at 100.00
|
AA+
|
2,124,040
|
|||||
300
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005A, 4.750%, 11/15/27 – NPFG Insured
|
11/15 at 100.00
|
AA+
|
318,027
|
|||||
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, Series 2002A:
|
|||||||||
2,000
|
5.125%, 11/15/22 – FGIC Insured
|
11/12 at 100.00
|
A
|
2,077,520
|
|||||
4,000
|
5.000%, 11/15/25 – FGIC Insured
|
11/12 at 100.00
|
A
|
4,149,480
|
|||||
1,250
|
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, Series 2002F, 5.000%, 11/15/31 – NPFG Insured
|
11/12 at 100.00
|
A
|
1,271,075
|
|||||
315
|
New York State Thruway Authority, General Revenue Bonds, Refunding Series 2007H, 5.000%, 1/01/25 – FGIC Insured
|
1/18 at 100.00
|
A+
|
345,483
|
58 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Transportation (continued)
|
|||||||||
$
|
865
|
New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/20 – AMBAC Insured
|
1/15 at 100.00
|
A+
|
$
|
947,019
|
|||
350
|
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 – AGM Insured (UB)
|
7/15 at 100.00
|
AA+
|
371,648
|
|||||
85
|
Niagara Frontier Airport Authority, New York, Airport Revenue Bonds, Buffalo Niagara International Airport, Series 1999A, 5.625%, 4/01/29 – NPFG Insured (Alternative Minimum Tax)
|
4/12 at 100.00
|
Baa1
|
83,195
|
|||||
2,000
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fifty Second Series 2007, 5.000%, 11/01/28 (Alternative Minimum Tax)
|
5/18 at 100.00
|
Aa2
|
2,138,500
|
|||||
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth Series 2005:
|
|||||||||
500
|
5.000%, 12/01/19 – AGM Insured
|
6/15 at 101.00
|
AA+
|
565,325
|
|||||
1,000
|
5.000%, 12/01/28 – SYNCORA GTY Insured
|
6/15 at 101.00
|
Aa2
|
1,062,300
|
|||||
345
|
5.000%, 12/01/31 – SYNCORA GTY Insured
|
6/15 at 101.00
|
Aa2
|
364,047
|
|||||
390
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty Eighth Series 2008, Trust 2920, 17.484%, 8/15/32 – AGM Insured (IF)
|
8/17 at 100.00
|
AA+
|
497,422
|
|||||
780
|
Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue Refunding Bonds, Series 2002E, 5.500%, 11/15/20 – NPFG Insured
|
No Opt. Call
|
Aa3
|
951,054
|
|||||
16,180
|
Total Transportation
|
17,266,135
|
|||||||
U.S. Guaranteed – 13.6% (9.3% of Total Investments) (4)
|
|||||||||
Buffalo, New York, General Obligation Bonds, Series 2002B:
|
|||||||||
1,490
|
5.375%, 11/15/18 (Pre-refunded 11/15/12) – NPFG Insured
|
11/12 at 100.00
|
A1 (4)
|
1,576,346
|
|||||
2,375
|
5.375%, 11/15/20 (Pre-refunded 11/15/12) – NPFG Insured
|
11/12 at 100.00
|
A1 (4)
|
2,512,631
|
|||||
105
|
Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk County Issue, Series 1986, 7.375%, 7/01/16 (ETM)
|
No Opt. Call
|
Aaa
|
124,785
|
|||||
400
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District, Series 2003, 5.750%, 5/01/20 (Pre-refunded 5/01/12) – AGM Insured
|
5/12 at 100.00
|
AA+ (4)
|
413,008
|
|||||
690
|
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series 2002A, 5.500%, 2/15/17 (Pre-refunded 2/15/12) – AGM Insured
|
2/12 at 100.00
|
Aaa
|
703,793
|
|||||
4,995
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2002B, 5.250%, 5/01/16 (Pre-refunded 11/01/11) – NPFG Insured
|
11/11 at 101.00
|
AAA
|
5,066,878
|
|||||
1,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2003C, 5.250%, 8/01/21 (Pre-refunded 8/01/12) – AMBAC Insured
|
8/12 at 100.00
|
AAA
|
1,042,120
|
|||||
500
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2004C, 5.000%, 2/01/19 (Pre-refunded 2/01/14) – SYNCORA GTY Insured
|
2/14 at 100.00
|
AAA
|
553,860
|
|||||
3,250
|
New York City, New York, General Obligation Bonds, Fiscal Series 2002C, 5.125%, 3/15/25 (Pre-refunded 3/15/12) – AGM Insured
|
3/12 at 100.00
|
AA+ (4)
|
3,323,613
|
|||||
1,145
|
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2002-1, 5.500%, 7/15/24 (Pre-refunded 7/15/12)
|
7/12 at 100.00
|
Aaa
|
1,187,903
|
|||||
15,950
|
Total U.S. Guaranteed
|
16,504,937
|
|||||||
Utilities – 12.4% (8.5% of Total Investments)
|
|||||||||
5,000
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2001A, 5.000%, 9/01/27 – AGM Insured
|
3/12 at 100.00
|
AA+
|
5,007,700
|
|||||
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
|
|||||||||
1,700
|
5.000%, 12/01/23 – FGIC Insured
|
6/16 at 100.00
|
A–
|
1,835,660
|
|||||
1,300
|
5.000%, 12/01/25 – FGIC Insured
|
6/16 at 100.00
|
A–
|
1,387,022
|
|||||
1,500
|
5.000%, 12/01/26 – AGC Insured
|
6/16 at 100.00
|
AA+
|
1,638,780
|
|||||
250
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B, 5.000%, 12/01/35 – CIFG Insured
|
6/16 at 100.00
|
A–
|
255,883
|
|||||
5,000
|
New York State Energy Research and Development Authority, Pollution Control Revenue Refunding Bonds, Niagara Mohawk Power Corporation, Series 1998A, 5.150%, 11/01/25 – AMBAC Insured
|
12/11 at 100.00
|
A–
|
5,005,000
|
|||||
14,750
|
Total Utilities
|
15,130,045
|
Nuveen Investments | 59 |
Nuveen Insured New York Dividend Advantage Municipal Fund (continued)
|
||
NKO
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Water and Sewer – 3.0% (2.0% of Total Investments)
|
|||||||||
$
|
1,140
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Series 2006B, 5.000%, 6/15/36 – NPFG Insured (UB)
|
6/16 at 100.00
|
AAA
|
$
|
1,196,145
|
|||
2,295
|
Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2005C, 5.000%, 6/01/28 – NPFG Insured
|
6/15 at 100.00
|
AA+
|
2,407,223
|
|||||
3,435
|
Total Water and Sewer
|
3,603,368
|
|||||||
$
|
174,330
|
Total Investments (cost $170,114,787) – 145.8%
|
177,563,294
|
||||||
Floating Rate Obligations – (9.5)%
|
(11,620,000
|
) | |||||||
Variable Rate Demand Preferred Shares, at Liquidation Value – (41.1)% (5)
|
(50,000,000
|
) | |||||||
Other Assets Less Liabilities – 4.8%
|
5,831,755
|
||||||||
Net Assets Applicable to Common Shares – 100%
|
$
|
121,775,049
|
The fund intends to invest at least 80% of its managed assets in municipal securities that are covered by insurance guaranteeing the timely payment of principal and interest. See Notes to the Financial Statements, Footnote 1 – General Information and Significant Accounting Policies, Insurance for more information.
|
||
(1)
|
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares unless otherwise noted.
|
|
(2)
|
Optional Call Provisions (not covered by the report of independent registered public accounting firm): Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.
|
|
(3)
|
Ratings (not covered by the report of independent registered public accounting firm): Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.
|
|
(4)
|
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. Bonds backed by U.S. Government or agency securities are given an implied rating equal to the rating of such securities.
|
|
(5)
|
Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Investments is 28.2%.
|
|
N/R
|
Not rated.
|
|
(ETM)
|
Escrowed to maturity.
|
|
(IF)
|
Inverse floating rate investment.
|
|
(UB)
|
Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Footnote 1 – General Information and Significant Accounting Policies, Inverse Floating Rate Securities for more information.
|
|
See accompanying notes to financial statements.
|
60 | Nuveen Investments |
Nuveen Insured New York Tax-Free Advantage Municipal Fund
|
||
NRK
|
Portfolio of Investments
|
|
September 30, 2011
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Consumer Staples – 3.2% (2.1% of Total Investments)
|
|||||||||
$
|
1,500
|
New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, Series 2003, 5.750%, 6/01/33
|
6/13 at 100.00
|
A1
|
$
|
1,393,020
|
|||
285
|
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds, Series 2002, 5.375%, 5/15/33
|
5/12 at 100.00
|
BBB
|
269,157
|
|||||
1,785
|
Total Consumer Staples
|
1,662,177
|
|||||||
Education and Civic Organizations – 30.4% (20.1% of Total Investments)
|
|||||||||
3,400
|
Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University, Series 2007A, 5.250%, 7/01/32 – NPFG Insured
|
7/17 at 100.00
|
A–
|
3,539,094
|
|||||
2,000
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, Long Island University, Series 2003A, 5.000%, 9/01/32 – RAAI Insured
|
9/12 at 100.00
|
Baa3
|
2,007,500
|
|||||
2,000
|
Dormitory Authority of the State of New York, Insured Revenue Bonds, Mount Sinai School of Medicine, Series 1994A, 5.150%, 7/01/24 – NPFG Insured
|
No Opt. Call
|
A–
|
2,162,540
|
|||||
1,000
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – SYNCORA GTY Insured
|
No Opt. Call
|
Aa2
|
1,073,920
|
|||||
410
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2006A, 5.000%, 7/01/31 – NPFG Insured
|
7/16 at 100.00
|
Aa2
|
426,933
|
|||||
1,000
|
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A, 5.000%, 7/01/25 – FGIC Insured
|
7/17 at 100.00
|
BBB
|
1,069,160
|
|||||
1,000
|
Dormitory Authority of the State of New York, Revenue Bonds, Mount St. Mary College, Series 2003, 5.000%, 7/01/32 – RAAI Insured
|
7/13 at 100.00
|
N/R
|
1,003,170
|
|||||
Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of Technology, Series 2006A:
|
|||||||||
100
|
5.250%, 7/01/20 – AMBAC Insured
|
No Opt. Call
|
A1
|
118,556
|
|||||
80
|
5.250%, 7/01/21 – AMBAC Insured
|
No Opt. Call
|
A1
|
95,082
|
|||||
225
|
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate University, Tender Option Bond Trust 3127, 12.986%, 1/01/14 – AMBAC Insured (IF)
|
No Opt. Call
|
AA+
|
249,570
|
|||||
300
|
New York City Industrial Development Agency, New York, Payment in Lieu of Taxes Revenue Bonds, Queens Baseball Stadium Project, Series 2009, 6.125%, 1/01/29 – AGC Insured
|
1/19 at 100.00
|
AA+
|
325,128
|
|||||
495
|
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured
|
3/19 at 100.00
|
AA+
|
570,116
|
|||||
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium Project, Series 2006:
|
|||||||||
170
|
5.000%, 3/01/31 – FGIC Insured
|
9/16 at 100.00
|
BBB–
|
170,913
|
|||||
1,425
|
5.000%, 3/01/36 – NPFG Insured
|
9/16 at 100.00
|
Baa1
|
1,419,956
|
|||||
840
|
4.500%, 3/01/39 – FGIC Insured
|
9/16 at 100.00
|
BBB–
|
762,880
|
|||||
1,000
|
New York City Trust for Cultural Resources, New York, Revenue Bonds, American Museum of Natural History, Series 2004A, 5.000%, 7/01/36 – NPFG Insured
|
7/14 at 100.00
|
AA
|
1,029,050
|
|||||
15,445
|
Total Education and Civic Organizations
|
16,023,568
|
|||||||
Health Care – 21.9% (14.5% of Total Investments)
|
|||||||||
2,000
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, Lutheran Medical Center, Series 2003, 5.000%, 8/01/31 – NPFG Insured
|
2/13 at 100.00
|
Baa1
|
2,018,000
|
|||||
3,000
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, St. Barnabas Hospital, Series 2002A, 5.000%, 2/01/31 – AMBAC Insured
|
8/12 at 100.00
|
N/R
|
3,064,050
|
|||||
335
|
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – AGM Insured
|
8/17 at 100.00
|
AA+
|
357,338
|
|||||
1,000
|
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured
|
2/15 at 100.00
|
BBB
|
1,093,480
|
|||||
255
|
Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc., Series 2007B, 5.125%, 7/01/37 – AGC Insured
|
7/17 at 100.00
|
AA+
|
263,961
|
Nuveen Investments | 61 |
Nuveen Insured New York Tax-Free Advantage Municipal Fund (continued)
|
||
NRK
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Health Care (continued)
|
|||||||||
$
|
25
|
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer Center, Series 2003-1, 5.000%, 7/01/21 – NPFG Insured
|
7/13 at 100.00
|
AA
|
$
|
26,465
|
|||
775
|
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured
|
8/14 at 100.00
|
AA+
|
846,471
|
|||||
750
|
Dormitory Authority of the State of New York, Revenue Bonds, South Nassau Communities Hospital, Series 2003B, 5.500%, 7/01/23
|
7/13 at 100.00
|
Baa1
|
765,683
|
|||||
305
|
Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian Hospital Project, Series 2007, 5.000%, 8/15/36 – AGM Insured
|
8/14 at 100.00
|
AA+
|
312,067
|
|||||
2,640
|
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series 2003A, 5.250%, 2/15/21 – AMBAC Insured
|
2/13 at 100.00
|
Aa3
|
2,767,274
|
|||||
11,085
|
Total Health Care
|
11,514,789
|
|||||||
Long-Term Care – 0.6% (0.4% of Total Investments)
|
|||||||||
290
|
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of Westchester Project, Series 2006, 5.200%, 2/15/41
|
2/17 at 103.00
|
AA+
|
306,402
|
|||||
Tax Obligation/General – 3.1% (2.1% of Total Investments)
|
|||||||||
1,000
|
Nassau County, New York, General Obligation Bonds, General Improvement Series 2009C, 5.000%, 10/01/29 – AGC Insured
|
10/19 at 100.00
|
AA+
|
1,073,220
|
|||||
50
|
New York City, New York, General Obligation Bonds, Fiscal Series 1998H, 5.125%, 8/01/25 – NPFG Insured
|
12/11 at 100.00
|
AA
|
50,165
|
|||||
225
|
New York City, New York, General Obligation Bonds, Fiscal Series 2006C, 5.000%, 8/01/16 – AGM Insured
|
8/15 at 100.00
|
AA+
|
256,658
|
|||||
250
|
New York City, New York, General Obligation Bonds, 5.000%, 11/01/19 – AGM Insured (UB)
|
11/14 at 100.00
|
AA+
|
275,795
|
|||||
1,525
|
Total Tax Obligation/General
|
1,655,838
|
|||||||
Tax Obligation/Limited – 43.0% (28.4% of Total Investments)
|
|||||||||
2,695
|
Buffalo Fiscal Stability Authority, New York, Sales Tax Revenue State Aid Secured Bonds, Series 2004A, 5.250%, 8/15/12 – NPFG Insured
|
No Opt. Call
|
Aa1
|
2,809,349
|
|||||
1,000
|
Dormitory Authority of the State of New York, Master Lease Program Revenue Bonds, Nassau County Board of Cooperative Educational Services, Series 2009A, 5.000%, 8/15/28 – AGC Insured
|
8/19 at 100.00
|
AA+
|
1,082,030
|
|||||
3,000
|
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program, Series 2002D, 5.250%, 10/01/23 – NPFG Insured
|
10/12 at 100.00
|
A+
|
3,110,640
|
|||||
1,000
|
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program, Series 2009A, 5.625%, 10/01/29 – AGC Insured
|
10/19 at 100.00
|
AA+
|
1,115,790
|
|||||
1,085
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District, Series 2007A, 5.750%, 5/01/28 – AGM Insured (UB)
|
5/17 at 100.00
|
AA+
|
1,198,296
|
|||||
340
|
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo City School District Project, Series 2008A, 5.750%, 5/01/27 – AGM Insured (UB)
|
5/18 at 100.00
|
AA+
|
381,769
|
|||||
2,055
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%, 2/15/47 – FGIC Insured
|
2/17 at 100.00
|
A
|
2,033,012
|
|||||
1,000
|
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds, Series 2002A, 5.000%, 7/01/25 – FGIC Insured
|
7/12 at 100.00
|
AA–
|
1,026,040
|
|||||
560
|
Monroe Newpower Corporation, New York, Power Facilities Revenue Bonds, Series 2003, 5.500%, 1/01/34
|
1/13 at 102.00
|
BBB
|
528,550
|
|||||
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local Government Assistance Corporation, Series 2004A:
|
|||||||||
610
|
5.000%, 10/15/25 – NPFG Insured (UB)
|
10/14 at 100.00
|
AAA
|
669,133
|
|||||
555
|
5.000%, 10/15/26 – NPFG Insured (UB)
|
10/14 at 100.00
|
AAA
|
607,159
|
|||||
740
|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
|
1/17 at 100.00
|
AA–
|
785,991
|
62 | Nuveen Investments |
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
Tax Obligation/Limited (continued)
|
|||||||||
$
|
320
|
New York City Transitional Finance Authority, New York, Future Tax Secured Refunding Bonds, Fiscal Series 2003D, 5.000%, 2/01/22 – NPFG Insured
|
2/13 at 100.00
|
AAA
|
$
|
335,955
|
|||
1,000
|
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A, 5.750%, 4/01/33 – AGM Insured
|
4/21 at 100.00
|
AA+
|
1,133,410
|
|||||
280
|
New York Convention Center Development Corporation, New York, Hotel Fee Revenue Bonds, Tender Option Bonds Trust 3095, 13.299%, 11/15/44 – AMBAC Insured (IF)
|
11/15 at 100.00
|
AA+
|
313,718
|
|||||
1,290
|
New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds, Series 2002A, 5.000%, 1/01/23 – FGIC Insured
|
1/13 at 100.00
|
AAA
|
1,349,018
|
|||||
950
|
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series 2005B, 5.500%, 4/01/20 – AMBAC Insured
|
No Opt. Call
|
AA
|
1,166,515
|
|||||
1,200
|
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and State Contingency Contract-Backed Bonds, Series 2003A-1, 5.250%, 6/01/20 – AMBAC Insured
|
6/13 at 100.00
|
AA–
|
1,284,204
|
|||||
750
|
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21
|
6/13 at 100.00
|
AA–
|
805,725
|
|||||
295
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series 2010C, 5.125%, 8/01/42 – AGM Insured
|
8/20 at 100.00
|
AA+
|
306,667
|
|||||
3,500
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%, 8/01/41 – NPFG Insured
|
No Opt. Call
|
Aa2
|
602,455
|
|||||
24,225
|
Total Tax Obligation/Limited
|
22,645,426
|
|||||||
Transportation – 13.7% (9.1% of Total Investments)
|
|||||||||
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005A:
|
|||||||||
100
|
4.750%, 11/15/27 – NPFG Insured
|
11/15 at 100.00
|
AA+
|
106,009
|
|||||
500
|
4.750%, 11/15/30 – AMBAC Insured
|
11/15 at 100.00
|
A
|
507,550
|
|||||
1,000
|
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, Series 2002A, 5.000%, 11/15/25 – FGIC Insured
|
11/12 at 100.00
|
A
|
1,037,370
|
|||||
140
|
New York State Thruway Authority, General Revenue Bonds, Refunding Series 2007H, 5.000%, 1/01/25 – FGIC Insured
|
1/18 at 100.00
|
A+
|
153,548
|
|||||
1,875
|
New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/20 – AMBAC Insured
|
1/15 at 100.00
|
A+
|
2,052,788
|
|||||
3,000
|
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/32 – AGM Insured
|
7/15 at 100.00
|
AA+
|
3,171,420
|
|||||
170
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty Eighth Series 2008, Trust 2920, 17.484%, 8/15/32 – AGM Insured (IF)
|
8/17 at 100.00
|
AA+
|
216,825
|
|||||
6,785
|
Total Transportation
|
7,245,510
|
|||||||
U.S. Guaranteed – 27.6% (18.3% of Total Investments) (4)
|
|||||||||
1,185
|
Dormitory Authority of the State of New York, FHA-Insured Nursing Home Mortgage Revenue Bonds, Shorefront Jewish Geriatric Center Inc., Series 2002, 5.200%, 2/01/32 (Pre-refunded 2/01/13)
|
2/13 at 102.00
|
Aaa
|
1,286,223
|
|||||
500
|
Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish Group, Series 2003, 5.375%, 5/01/23 (Pre-refunded 5/01/13)
|
5/13 at 100.00
|
Aaa
|
539,970
|
|||||
2,500
|
Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of Technology, Series 2002A, 5.250%, 7/01/22 (Pre-refunded 7/01/12) – AMBAC Insured
|
7/12 at 100.00
|
A1 (4)
|
2,595,200
|
|||||
70
|
Erie County Water Authority, New York, Water Revenue Bonds, Series 1990B, 6.750%, 12/01/14 – AMBAC Insured (ETM)
|
No Opt. Call
|
AAA
|
76,698
|
|||||
500
|
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series 2002A, 5.500%, 2/15/17 (Pre-refunded 2/15/12) – AGM Insured
|
2/12 at 100.00
|
Aaa
|
509,995
|
|||||
3,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2003C, 5.250%, 8/01/18 (Pre-refunded 8/01/12) – AMBAC Insured
|
8/12 at 100.00
|
AAA
|
3,126,360
|
|||||
1,680
|
New York City Transitional Finance Authority, New York, Future Tax Secured Refunding Bonds, Fiscal Series 2003D, 5.000%, 2/01/22 (Pre-refunded 2/01/13) – NPFG Insured
|
2/13 at 100.00
|
Aaa
|
1,784,849
|
|||||
500
|
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, State Facilities and Equipment, Series 2002C-1, 5.500%, 3/15/21 (Pre-refunded 3/15/13) – FGIC Insured
|
3/13 at 100.00
|
AA+ (4)
|
537,735
|
Nuveen Investments | 63 |
Nuveen Insured New York Tax-Free Advantage Municipal Fund (continued)
|
||
NRK
|
Portfolio of Investments
|
Principal
|
Optional Call
|
||||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|||||
U.S. Guaranteed (4) (continued)
|
|||||||||
$
|
2,000
|
Power Authority of the State of New York, General Revenue Bonds, Series 2002A, 5.000%, 11/15/20 (Pre-refunded 11/15/12)
|
11/12 at 100.00
|
Aa2 (4)
|
$
|
2,107,700
|
|||
1,975
|
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Series 2002A, 5.125%, 1/01/31 (Pre-refunded 1/01/12) – NPFG Insured
|
1/12 at 100.00
|
AA+ (4)
|
1,999,688
|
|||||
13,910
|
Total U.S. Guaranteed
|
14,564,418
|
|||||||
Utilities – 6.6% (4.4% of Total Investments)
|
|||||||||
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
|
|||||||||
1,130
|
5.000%, 12/01/23 – FGIC Insured
|
6/16 at 100.00
|
A–
|
1,220,174
|
|||||
870
|
5.000%, 12/01/25 – FGIC Insured
|
6/16 at 100.00
|
A–
|
928,238
|
|||||
1,000
|
5.000%, 12/01/26 – AGC Insured
|
6/16 at 100.00
|
AA+
|
1,092,520
|
|||||
125
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B, 5.000%, 12/01/35 – CIFG Insured
|
6/16 at 100.00
|
A–
|
127,941
|
|||||
110
|
Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%, 11/15/19 – FGIC Insured
|
11/15 at 100.00
|
Aa2
|
123,733
|
|||||
3,235
|
Total Utilities
|
3,492,606
|
|||||||
Water and Sewer – 1.0% (0.6% of Total Investments)
|
|||||||||
495
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Series 2006B, 5.000%, 6/15/36 – NPFG Insured (UB)
|
6/16 at 100.00
|
AAA
|
519,376
|
|||||
$
|
78,780
|
Total Investments (cost $76,432,060) – 151.1%
|
79,630,110
|
||||||
Floating Rate Obligations – (4.5)%
|
(2,390,000
|
) | |||||||
MuniFund Term Preferred Shares, at Liquidation Value – (52.5)% (5)
|
(27,680,000
|
) | |||||||
Other Assets Less Liabilities – 5.9%
|
3,133,695
|
||||||||
Net Assets Applicable to Common Shares – 100%
|
$
|
52,693,805
|
The fund intends to invest at least 80% of its managed assets in municipal securities that are covered by insurance guaranteeing the timely payment of principal and interest. See Notes to the Financial Statements, Footnote 1 – General Information and Significant Accounting Policies, Insurance for more information.
|
||
(1)
|
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares unless otherwise noted.
|
|
(2)
|
Optional Call Provisions (not covered by the report of independent registered public accounting firm): Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.
|
|
(3)
|
Ratings (not covered by the report of independent registered public accounting firm): Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.
|
|
(4)
|
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. Bonds backed by U.S. Government or agency securities are given an implied rating equal to the rating of such securities.
|
|
(5)
|
MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 34.8%.
|
|
N/R
|
Not rated.
|
|
(ETM)
|
Escrowed to maturity.
|
|
(IF)
|
Inverse floating rate investment.
|
|
(UB)
|
Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Footnote 1 – General Information and Significant Accounting Policies, Inverse Floating Rate Securities for more information.
|
|
See accompanying notes to financial statements.
|
64 | Nuveen Investments |
Statement of
|
||
Assets & Liabilities
|
New York
Investment
Quality
(NQN
|
)
|
New York
Select
Quality
(NVN
|
)
|
New York
Quality
Income
(NUN
|
)
|
|||||
Assets
|
||||||||||
Investments, at value (cost $391,293,844, $514,303,411 and $531,664,569, respectively)
|
$
|
409,129,815
|
$
|
544,122,198
|
$
|
558,240,288
|
||||
Cash
|
3,943,752
|
8,021,692
|
68,255
|
|||||||
Cash equivalents (1)
|
—
|
—
|
—
|
|||||||
Receivables:
|
||||||||||
Interest
|
5,896,581
|
7,676,407
|
7,759,360
|
|||||||
Investments sold
|
130,000
|
5,000
|
—
|
|||||||
Deferred offering costs
|
674,618
|
820,229
|
822,686
|
|||||||
Other assets
|
122,988
|
173,940
|
175,180
|
|||||||
Total assets
|
419,897,754
|
560,819,466
|
567,065,769
|
|||||||
Liabilities
|
||||||||||
Floating rate obligations
|
37,145,000
|
33,510,000
|
40,245,000
|
|||||||
Payables:
|
||||||||||
Auction Rate Preferred Shares (ARPS) noticed for redemption, at liquidation value
|
—
|
—
|
—
|
|||||||
Common share dividends
|
1,038,677
|
1,448,374
|
1,520,509
|
|||||||
Interest
|
—
|
—
|
—
|
|||||||
Offering costs
|
287,398
|
261,689
|
294,416
|
|||||||
MuniFund Term Preferred (MTP) Shares, at liquidation value
|
—
|
—
|
—
|
|||||||
Variable MuniFund Term Preferred (VMTP) Shares, at liquidation value
|
—
|
—
|
—
|
|||||||
Variable Rate Demand Preferred (VRDP) Shares, at liquidation value
|
112,300,000
|
164,800,000
|
161,700,000
|
|||||||
Accrued expenses:
|
||||||||||
Management fees
|
208,620
|
277,585
|
280,862
|
|||||||
Other
|
124,942
|
189,619
|
196,027
|
|||||||
Total liabilities
|
151,104,637
|
200,487,267
|
204,236,814
|
|||||||
Net assets applicable to Common shares
|
$
|
268,793,117
|
$
|
360,332,199
|
$
|
362,828,955
|
||||
Common shares outstanding
|
17,518,033
|
23,198,402
|
23,752,339
|
|||||||
Net asset value per Common share outstanding (net assets applicable to Common shares, divided by Common shares outstanding)
|
$
|
15.34
|
$
|
15.53
|
$
|
15.28
|
||||
Net assets applicable to Common shares consist of:
|
||||||||||
Common shares, $.01 par value per share
|
$
|
175,180
|
$
|
231,984
|
$
|
237,523
|
||||
Paid-in surplus
|
248,961,941
|
328,414,807
|
334,528,752
|
|||||||
Undistributed (Over-distribution of) net investment income
|
3,765,326
|
4,921,882
|
5,294,486
|
|||||||
Accumulated net realized gain (loss)
|
(1,945,301
|
)
|
(3,055,261
|
)
|
(3,807,525
|
)
|
||||
Net unrealized appreciation (depreciation)
|
17,835,971
|
29,818,787
|
26,575,719
|
|||||||
Net assets applicable to Common shares
|
$
|
268,793,117
|
$
|
360,332,199
|
$
|
362,828,955
|
||||
Authorized shares:
|
||||||||||
Common
|
200,000,000
|
200,000,000
|
200,000,000
|
|||||||
ARPS
|
1,000,000
|
1,000,000
|
1,000,000
|
|||||||
MTP
|
—
|
—
|
—
|
|||||||
VMTP
|
—
|
—
|
—
|
|||||||
VRDP
|
Unlimited
|
Unlimited
|
Unlimited
|
Nuveen Investments
|
65
|
Statement of
|
||
Assets & Liabilities (continued)
|
Insured
New York
Premium
Income
(NNF
|
)
|
Insured
New York
Dividend
Advantage
(NKO
|
)
|
Insured
New York
Tax-Free
Advantage
(NRK
|
)
|
|||||
Assets
|
||||||||||
Investments, at value (cost $184,643,115, $170,114,787 and $76,432,060, respectively)
|
$
|
194,173,566
|
$
|
177,563,294
|
$
|
79,630,110
|
||||
Cash
|
37,460
|
3,048,599
|
2,063,774
|
|||||||
Cash equivalents (1)
|
24,808,290
|
—
|
—
|
|||||||
Receivables:
|
||||||||||
Interest
|
2,922,057
|
2,830,077
|
1,005,546
|
|||||||
Investments sold
|
—
|
—
|
—
|
|||||||
Deferred offering costs
|
313,429
|
616,816
|
475,755
|
|||||||
Other assets
|
23,072
|
44,110
|
37,862
|
|||||||
Total assets
|
222,277,874
|
184,102,896
|
83,213,047
|
|||||||
Liabilities
|
||||||||||
Floating rate obligations
|
16,600,000
|
11,620,000
|
2,390,000
|
|||||||
Payables:
|
||||||||||
Auction Rate Preferred Shares (ARPS) noticed for redemption, at liquidation value
|
24,800,000
|
—
|
—
|
|||||||
Common share dividends
|
515,387
|
523,673
|
196,004
|
|||||||
Interest
|
38,657
|
—
|
58,820
|
|||||||
Offering costs
|
138,584
|
59,290
|
118,136
|
|||||||
MuniFund Term Preferred (MTP) Shares, at liquidation value
|
—
|
—
|
27,680,000
|
|||||||
Variable MuniFund Term Preferred (VMTP) Shares, at liquidation value
|
50,700,000
|
—
|
—
|
|||||||
Variable Rate Demand Preferred (VRDP) Shares, at liquidation value
|
—
|
50,000,000
|
—
|
|||||||
Accrued expenses:
|
||||||||||
Management fees
|
99,597
|
85,866
|
41,416
|
|||||||
Other
|
66,824
|
39,018
|
34,866
|
|||||||
Total liabilities
|
92,959,049
|
62,327,847
|
30,519,242
|
|||||||
Net assets applicable to Common shares
|
$
|
129,318,825
|
$
|
121,775,049
|
$
|
52,693,805
|
||||
Common shares outstanding
|
8,243,515
|
7,937,131
|
3,506,560
|
|||||||
Net asset value per Common share outstanding (net assets applicable to Common shares, divided by Common shares outstanding)
|
$
|
15.69
|
$
|
15.34
|
$
|
15.03
|
||||
Net assets applicable to Common shares consist of:
|
||||||||||
Common shares, $.01 par value per share
|
$
|
82,435
|
$
|
79,371
|
$
|
35,066
|
||||
Paid-in surplus
|
118,624,959
|
113,645,233
|
49,724,125
|
|||||||
Undistributed (Over-distribution of) net investment income
|
2,381,497
|
1,460,754
|
176,594
|
|||||||
Accumulated net realized gain (loss)
|
(1,300,517
|
)
|
(858,816
|
)
|
(440,030
|
)
|
||||
Net unrealized appreciation (depreciation)
|
9,530,451
|
7,448,507
|
3,198,050
|
|||||||
Net assets applicable to Common shares
|
$
|
129,318,825
|
$
|
121,775,049
|
$
|
52,693,805
|
||||
Authorized shares:
|
||||||||||
Common
|
200,000,000
|
Unlimited
|
Unlimited
|
|||||||
ARPS
|
1,000,000
|
Unlimited
|
Unlimited
|
|||||||
MTP
|
—
|
—
|
Unlimited
|
|||||||
VMTP
|
Unlimited
|
—
|
—
|
|||||||
VRDP
|
—
|
Unlimited
|
—
|
66
|
Nuveen Investments
|
Statement of
|
||
Operations
|
New York
Investment
Quality
(NQN
|
)
|
New York
Select
Quality
(NVN
|
)
|
New York
Quality
Income
(NUN
|
)
|
Insured
New York
Premium
Income
(NNF
|
)
|
Insured
New York
Dividend
Advantage
(NKO
|
)
|
Insured
New York
Tax-Free
Advantage
(NRK
|
)
|
||||||||
Investment Income
|
$
|
18,721,581
|
$
|
25,849,068
|
$
|
25,989,341
|
$
|
8,923,745
|
$
|
8,456,038
|
$
|
3,756,413
|
|||||||
Expenses
|
|||||||||||||||||||
Management fees
|
2,484,574
|
3,303,992
|
3,350,282
|
1,181,010
|
1,113,022
|
496,062
|
|||||||||||||
Auction fees
|
—
|
—
|
43,010
|
75,421
|
—
|
—
|
|||||||||||||
Dividend disbursing agent fees
|
—
|
—
|
22,411
|
19,995
|
—
|
—
|
|||||||||||||
Shareholders’ servicing agent fees and expenses
|
25,055
|
24,548
|
24,838
|
9,478
|
1,183
|
26,556
|
|||||||||||||
Interest expense and amortization of offering costs
|
750,063
|
953,504
|
814,439
|
151,911
|
272,578
|
846,455
|
|||||||||||||
Fees on VRDP Shares
|
983,603
|
1,443,439
|
1,121,390
|
—
|
567,020
|
—
|
|||||||||||||
Custodian’s fees and expenses
|
70,967
|
96,302
|
93,389
|
40,148
|
36,446
|
20,486
|
|||||||||||||
Directors’/Trustees’ fees and expenses
|
9,874
|
16,220
|
13,258
|
4,431
|
4,432
|
2,086
|
|||||||||||||
Professional fees
|
22,943
|
24,679
|
45,152
|
23,215
|
20,010
|
19,069
|
|||||||||||||
Shareholders’ reports – printing
|
|||||||||||||||||||
and mailing expenses
|
39,343
|
46,048
|
50,459
|
23,545
|
20,259
|
13,371
|
|||||||||||||
Stock exchange listing fees
|
8,961
|
8,961
|
8,961
|
8,961
|
1,046
|
21,540
|
|||||||||||||
Investor relations fees
|
24,791
|
32,456
|
33,658
|
12,790
|
11,672
|
5,699
|
|||||||||||||
Other expenses
|
36,521
|
44,476
|
51,160
|
32,904
|
31,987
|
34,176
|
|||||||||||||
Total expenses before custodian fee credit and expense reimbursement
|
4,456,695
|
5,994,625
|
5,672,407
|
1,583,809
|
2,079,655
|
1,485,500
|
|||||||||||||
Custodian fee credit
|
(2,270
|
)
|
(5,312
|
)
|
(10,400
|
)
|
(780
|
)
|
(3,156
|
)
|
(774
|
)
|
|||||||
Expense reimbursement
|
—
|
—
|
—
|
—
|
(132,957
|
)
|
(10,790
|
)
|
|||||||||||
Net expenses
|
4,454,425
|
5,989,313
|
5,662,007
|
1,583,029
|
1,943,542
|
1,473,936
|
|||||||||||||
Net investment income (loss)
|
14,267,156
|
19,859,755
|
20,327,334
|
7,340,716
|
6,512,496
|
2,282,477
|
|||||||||||||
Realized and Unrealized Gain (Loss)
|
|||||||||||||||||||
Net realized gain (loss) from investments
|
815,288
|
617,919
|
439,031
|
59,685
|
46,221
|
46,963
|
|||||||||||||
Change in net unrealized appreciation (depreciation) of investments
|
(3,309,672
|
)
|
(6,120,459
|
)
|
(6,386,485
|
)
|
(1,168,454
|
)
|
(850,898
|
)
|
(924,356
|
)
|
|||||||
Net realized and unrealized gain (loss)
|
(2,494,384
|
)
|
(5,502,540
|
)
|
(5,947,454
|
)
|
(1,108,769
|
)
|
(804,677
|
)
|
(877,393
|
)
|
|||||||
Distributions to Auction Rate
|
|||||||||||||||||||
Preferred Shareholders
|
|||||||||||||||||||
From net investment income
|
—
|
—
|
(189,512
|
)
|
(172,673
|
)
|
—
|
—
|
|||||||||||
Decrease in net assets applicable to Common shares from distributions to Auction Rate Preferred shareholders
|
—
|
—
|
(189,512
|
)
|
(172,673
|
)
|
—
|
—
|
|||||||||||
Net increase (decrease) in net assets applicable to Common shares from operations
|
$
|
11,772,772
|
$
|
14,357,215
|
$
|
14,190,368
|
$
|
6,059,274
|
$
|
5,707,819
|
$
|
1,405,084
|
Nuveen Investments
|
67
|
Statement of
|
||
Changes in Net Assets
|
New York
Investment Quality (NQN)
|
New York
Select Quality (NVN)
|
New York
Quality Income (NUN)
|
|||||||||||||||||
Year
Ended
9/30/11
|
Year
Ended
9/30/10
|
Year
Ended
9/30/11
|
Year
Ended
9/30/10
|
Year
Ended
9/30/11
|
Year
Ended
9/30/10
|
||||||||||||||
Operations
|
|||||||||||||||||||
Net investment income (loss)
|
$
|
14,267,156
|
$
|
15,306,739
|
$
|
19,859,755
|
$
|
21,221,615
|
$
|
20,327,334
|
$
|
21,690,212
|
|||||||
Net realized gain (loss) from investments
|
815,288
|
1,107,452
|
617,919
|
819,456
|
439,031
|
571,906
|
|||||||||||||
Net increase from payments by the Adviser for losses realized on the disposal of investments purchased in violation of investment restrictions
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Change in net unrealized appreciation (depreciation) of investments
|
(3,309,672
|
)
|
5,430,758
|
(6,120,459
|
)
|
6,657,396
|
(6,386,485
|
)
|
5,806,336
|
||||||||||
Distributions to Auction Rate Preferred Shareholders:
|
|||||||||||||||||||
From net investment income
|
—
|
(428,280
|
)
|
—
|
(642,714
|
)
|
(189,512
|
)
|
(651,201
|
)
|
|||||||||
From accumulated net realized gains
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Net increase (decrease) in net assets applicable to Common shares from operations
|
11,772,772
|
21,416,669
|
14,357,215
|
28,055,753
|
14,190,368
|
27,417,253
|
|||||||||||||
Distributions to Common Shareholders
|
|||||||||||||||||||
From net investment income
|
(14,119,537
|
)
|
(13,558,960
|
)
|
(19,544,653
|
)
|
(18,349,937
|
)
|
(19,761,948
|
)
|
(18,717,052
|
)
|
|||||||
From accumulated net realized gains
|
(888,164
|
)
|
—
|
(677,393
|
)
|
—
|
(104,510
|
)
|
—
|
||||||||||
Decrease in net assets applicable to Common shares from distributions to Common shareholders
|
(15,007,701
|
)
|
(13,558,960
|
)
|
(20,222,046
|
)
|
(18,349,937
|
)
|
(19,866,458
|
)
|
(18,717,052
|
)
|
|||||||
Capital Share Transactions
|
|||||||||||||||||||
Common shares repurchased and retired
|
—
|
—
|
—
|
—
|
—
|
(21,811
|
)
|
||||||||||||
Net increase (decrease) in net assets applicable to Common shares from capital share transactions
|
—
|
—
|
—
|
—
|
—
|
(21,811
|
)
|
||||||||||||
Net increase (decrease) in net assets applicable to Common shares
|
(3,234,929
|
)
|
7,857,709
|
(5,864,831
|
)
|
9,705,816
|
(5,676,090
|
)
|
8,678,390
|
||||||||||
Net assets applicable to Common shares at the beginning of period
|
272,028,046
|
264,170,337
|
366,197,030
|
356,491,214
|
368,505,045
|
359,826,655
|
|||||||||||||
Net assets applicable to Common shares at the end of period
|
$
|
268,793,117
|
$
|
272,028,046
|
$
|
360,332,199
|
$
|
366,197,030
|
$
|
362,828,955
|
$
|
368,505,045
|
|||||||
Undistributed (Over-distribution of) net investment income at the end of period
|
$
|
3,765,326
|
$
|
3,620,168
|
$
|
4,921,882
|
$
|
4,651,563
|
$
|
5,294,486
|
$
|
4,931,502
|
68
|
Nuveen Investments
|
Insured New York
Premium Income (NNF)
|
Insured New York
Dividend Advantage (NKO)
|
Insured New York
Tax-Free Advantage (NRK)
|
|||||||||||||||||
Year
Ended
9/30/11
|
Year
Ended
9/30/10
|
Year
Ended
9/30/11
|
Year
Ended
9/30/10
|
Year
Ended
9/30/11
|
Year
Ended
9/30/10
|
||||||||||||||
Operations
|
|||||||||||||||||||
Net investment income (loss)
|
$
|
7,340,716
|
$
|
7,057,254
|
$
|
6,512,496
|
$
|
6,394,808
|
$
|
2,282,477
|
$
|
2,711,733
|
|||||||
Net realized gain (loss) from investments
|
59,685
|
63,935
|
46,221
|
(6,075
|
)
|
46,963
|
(33,902
|
)
|
|||||||||||
Net increase from payments by the Adviser for losses realized on the disposal of investments purchased in violation of investment restrictions
|
—
|
—
|
—
|
—
|
—
|
35,020
|
|||||||||||||
Change in net unrealized appreciation (depreciation) of investments
|
(1,168,454
|
)
|
2,739,985
|
(850,898
|
)
|
1,592,173
|
(924,356
|
)
|
800,598
|
||||||||||
Distributions to Auction Rate Preferred Shareholders:
From net investment income |
(172,673
|
)
|
(204,610
|
)
|
—
|
—
|
—
|
(42,251
|
)
|
||||||||||
From accumulated net realized gains
|
—
|
—
|
—
|
—
|
—
|
(36,601
|
)
|
||||||||||||
Net increase (decrease) in net assets applicable to Common shares from operations
|
6,059,274
|
9,656,564
|
5,707,819
|
7,980,906
|
1,405,084
|
3,434,597
|
|||||||||||||
Distributions to Common Shareholders
|
|||||||||||||||||||
From net investment income
|
(6,421,699
|
)
|
(6,068,555
|
)
|
(6,171,119
|
)
|
(6,127,465
|
)
|
(2,577,322
|
)
|
(2,563,296
|
)
|
|||||||
From accumulated net realized gains
|
—
|
—
|
—
|
(20,637
|
)
|
—
|
(228,628
|
)
|
|||||||||||
Decrease in net assets applicable to Common shares from distributions to Common shareholders
|
(6,421,699
|
)
|
(6,068,555
|
)
|
(6,171,119
|
)
|
(6,148,102
|
)
|
(2,577,322
|
)
|
(2,791,924
|
)
|
|||||||
Capital Share Transactions
|
|||||||||||||||||||
Common shares repurchased and retired
|
—
|
(165,653
|
)
|
—
|
—
|
—
|
—
|
||||||||||||
Net increase (decrease) in net assets applicable to Common shares from capital share transactions
|
—
|
(165,653
|
)
|
—
|
—
|
—
|
—
|
||||||||||||
Net increase (decrease) in net assets applicable to Common shares
|
(362,425
|
)
|
3,422,356
|
(463,300
|
)
|
1,832,804
|
(1,172,238
|
)
|
642,673
|
||||||||||
Net assets applicable to Common shares at the beginning of period
|
129,681,250
|
126,258,894
|
122,238,349
|
120,405,545
|
53,866,043
|
53,223,370
|
|||||||||||||
Net assets applicable to Common shares at the end of period
|
$
|
129,318,825
|
$
|
129,681,250
|
$
|
121,775,049
|
$
|
122,238,349
|
$
|
52,693,805
|
$
|
53,866,043
|
|||||||
Undistributed (Over-distribution of) net investment income at the end of period
|
$
|
2,381,497
|
$
|
1,628,743
|
$
|
1,460,754
|
$
|
1,098,806
|
$
|
176,594
|
$
|
340,229
|
Nuveen Investments
|
69
|
Statement of
|
||
Cash Flows
|
New York
Investment
Quality
(NQN
|
)
|
New York
Select
Quality
(NVN
|
)
|
New York
Quality
Income
(NUN
|
)
|
|||||
Cash Flows from Operating Activities:
|
||||||||||
Net Increase (Decrease) In Net Assets Applicable to Common Shares from Operations
|
$
|
11,772,772
|
$
|
14,357,215
|
$
|
14,190,368
|
||||
Adjustments to reconcile the net increase (decrease) in net assets applicable to Common shares from operations to net cash provided by (used in) operating activities:
|
||||||||||
Purchases of investments
|
(18,512,999
|
)
|
(35,885,531
|
)
|
(35,603,608
|
)
|
||||
Proceeds from sales and maturities of investments
|
17,143,550
|
28,310,142
|
16,724,534
|
|||||||
Proceeds from (Purchases of) short-term investments, net
|
4,975,000
|
4,975,000
|
—
|
|||||||
Amortization (Accretion) of premiums and discounts, net
|
1,411,023
|
602,837
|
711,289
|
|||||||
(Increase) Decrease in:
|
||||||||||
Receivable for interest
|
(364,248
|
)
|
(416,062
|
)
|
(531,203
|
)
|
||||
Receivable for investments sold
|
(20,000
|
)
|
8,554,582
|
6,281,592
|
||||||
Other assets
|
87,250
|
114,704
|
(39,840
|
)
|
||||||
Increase (Decrease) in:
|
||||||||||
Payable for ARPS dividends
|
—
|
—
|
(7,511
|
)
|
||||||
Payable for interest
|
—
|
—
|
—
|
|||||||
Accrued management fees
|
(3,434
|
)
|
(5,343
|
)
|
(4,681
|
)
|
||||
Accrued other expenses
|
(10,262
|
)
|
(24,973
|
)
|
(33,740
|
)
|
||||
Net realized (gain) loss from:
|
||||||||||
Investments
|
(815,288
|
)
|
(617,919
|
)
|
(439,031
|
)
|
||||
Paydowns
|
—
|
(11,204
|
)
|
(9,321
|
)
|
|||||
Change in net unrealized (appreciation) depreciation of investments
|
3,309,672
|
6,120,459
|
6,386,485
|
|||||||
Taxes paid on undistributed capital gains
|
(12,523
|
)
|
(5,308
|
)
|
(2,902
|
)
|
||||
Net cash provided by (used in) operating activities
|
18,960,513
|
26,068,599
|
7,622,431
|
|||||||
Cash Flows from Financing Activities:
|
||||||||||
(Increase) Decrease in:
|
||||||||||
Cash equivalents(1)
|
—
|
—
|
—
|
|||||||
Deferred offering costs
|
23,380
|
28,425
|
(822,686
|
)
|
||||||
Increase (Decrease) in:
|
||||||||||
Cash overdraft balance
|
—
|
—
|
—
|
|||||||
ARPS noticed for redemption, at liquidation value
|
—
|
—
|
—
|
|||||||
Payable for offering costs
|
(162,869
|
)
|
(224,622
|
)
|
294,416
|
|||||
VMTP Shares, at liquidation value
|
—
|
—
|
—
|
|||||||
VRDP Shares, at liquidation value
|
—
|
—
|
161,700,000
|
|||||||
ARPS, at liquidation value
|
—
|
—
|
(160,775,000
|
)
|
||||||
Cash distributions paid to Common shareholders
|
(14,974,989
|
)
|
(20,171,385
|
)
|
(19,775,607
|
)
|
||||
Net cash provided by (used in) financing activities
|
(15,114,478
|
)
|
(20,367,582
|
)
|
(19,378,877
|
)
|
||||
Net Increase (Decrease) in Cash
|
3,846,035
|
5,701,017
|
(11,756,446
|
)
|
||||||
Cash at the beginning of period
|
97,717
|
2,320,675
|
11,824,701
|
|||||||
Cash at the End of Period
|
$
|
3,943,752
|
$
|
8,021,692
|
$
|
68,255
|
New York
Investment
Quality
(NQN
|
)
|
New York
Select
Quality
(NVN
|
)
|
New York
Quality
Income
(NUN
|
)
|
|||||
Cash paid for interest (excluding amortization of offering costs)
|
$
|
726,684
|
$
|
925,081
|
$
|
792,125
|
70
|
Nuveen Investments
|
Insured
New York
Premium
Income
(NNF
|
)
|
Insured
New York
Dividend
Advantage
(NKO
|
)
|
Insured
New York
Tax-Free
Advantage
(NRK
|
)
|
|||||
Cash Flows from Operating Activities:
|
||||||||||
Net Increase (Decrease) In Net Assets Applicable to Common Shares from Operations
|
$
|
6,059,274
|
$
|
5,707,819
|
$
|
1,405,084
|
||||
Adjustments to reconcile the net increase (decrease) in net assets applicable to Common shares from operations to net cash provided by (used in) operating activities:
|
||||||||||
Purchases of investments
|
(14,608,043
|
)
|
(20,875,676
|
)
|
(4,933,390
|
)
|
||||
Proceeds from sales and maturities of investments
|
5,526,250
|
20,843,022
|
7,122,990
|
|||||||
Proceeds from (Purchases of) short-term investments, net
|
6,470,000
|
—
|
—
|
|||||||
Amortization (Accretion) of premiums and discounts, net
|
621,388
|
452,403
|
269,478
|
|||||||
(Increase) Decrease in:
|
||||||||||
Receivable for interest
|
(413,714
|
)
|
(275,254
|
)
|
44,358
|
|||||
Receivable for investments sold
|
516,635
|
2,720,750
|
—
|
|||||||
Other assets
|
3,359
|
18,338
|
(3,772
|
)
|
||||||
Increase (Decrease) in:
|
||||||||||
Payable for ARPS dividends
|
(1,540
|
)
|
—
|
—
|
||||||
Payable for interest
|
38,657
|
—
|
(3,921
|
)
|
||||||
Accrued management fees
|
(926
|
)
|
6,439
|
4,357
|
||||||
Accrued other expenses
|
18,321
|
6,833
|
9,676
|
|||||||
Net realized (gain) loss from:
|
||||||||||
Investments
|
(59,685
|
)
|
(46,221
|
)
|
(46,963
|
)
|
||||
Paydowns
|
—
|
—
|
—
|
|||||||
Change in net unrealized (appreciation) depreciation of investments
|
1,168,454
|
850,898
|
924,356
|
|||||||
Taxes paid on undistributed capital gains
|
—
|
(524
|
)
|
(493
|
)
|
|||||
Net cash provided by (used in) operating activities
|
5,338,430
|
9,408,827
|
4,791,760
|
|||||||
Cash Flows from Financing Activities:
|
||||||||||
(Increase) Decrease in:
|
||||||||||
Cash equivalents(1)
|
(24,808,290
|
)
|
—
|
—
|
||||||
Deferred offering costs
|
(313,429
|
)
|
9,794
|
131,210
|
||||||
Increase (Decrease) in:
|
||||||||||
Cash overdraft balance
|
—
|
(208,043
|
)
|
(250,766
|
)
|
|||||
ARPS noticed for redemption, at liquidation value
|
24,800,000
|
—
|
—
|
|||||||
Payable for offering costs
|
138,584
|
(20,039
|
)
|
(19,712
|
)
|
|||||
VMTP Shares, at liquidation value
|
50,700,000
|
—
|
—
|
|||||||
VRDP Shares, at liquidation value
|
—
|
—
|
—
|
|||||||
ARPS, at liquidation value
|
(50,350,000
|
)
|
—
|
—
|
||||||
Cash distributions paid to Common shareholders
|
(6,385,785
|
)
|
(6,141,940
|
)
|
(2,588,718
|
)
|
||||
Net cash provided by (used in) financing activities
|
(6,218,920
|
)
|
(6,360,228
|
)
|
(2,727,986
|
)
|
||||
Net Increase (Decrease) in Cash
|
(880,490
|
)
|
3,048,599
|
2,063,774
|
||||||
Cash at the beginning of period
|
917,950
|
—
|
—
|
|||||||
Cash at the End of Period
|
$
|
37,460
|
$
|
3,048,599
|
$
|
2,063,774
|
Insured
New York
Premium
Income
(NNF
|
)
|
Insured
New York
Dividend
Advantage
(NKO
|
)
|
Insured
New York
Tax-Free
Advantage
(NRK
|
)
|
|||||
Cash paid for interest (excluding amortization of offering costs)
|
$
|
106,683
|
$
|
250,893
|
$
|
719,166
|
Nuveen Investments
|
71
|
Financial
|
||
Highlights
|
||
Selected data for a Common share outstanding throughout each period: |
Investment Operations
|
Less Distributions
|
||||||||||||||||||||||||||||||||||||
Beginning
Common
Share
Net Asset
Value
|
Net
Investment
Income
(Loss)
|
Net
Realized/
Unrealized
Gain (Loss)
|
Distributions
from Net
Investment
Income to
Auction Rate
Preferred
Share-
holders
|
(a) |
Distributions
from
Capital
Gains to
Auction Rate
Preferred
Share–
holders
|
(a) |
Total
|
Net
Investment
Income to
Common
Share-
holders
|
Capital
Gains to
Common
Share–
holders
|
Total
|
Discount
from
Common
Shares
Repurchased
and Retired
|
Ending
Common
Share
Net Asset
Value
|
Ending
Market
Value
|
||||||||||||||||||||||||
New York Investment Quality (NQN)
|
|||||||||||||||||||||||||||||||||||||
Year Ended 9/30:
|
|||||||||||||||||||||||||||||||||||||
2011
|
$
|
15.53
|
$
|
.81
|
$
|
(.14
|
)
|
$
|
—
|
$
|
—
|
$
|
.67
|
$
|
(.81
|
)
|
$
|
(.05
|
)
|
$
|
(.86
|
)
|
$
|
—
|
$
|
15.34
|
$
|
14.37
|
|||||||||
2010
|
15.08
|
.87
|
.37
|
(.02
|
)
|
—
|
1.22
|
(.77
|
)
|
—
|
(.77
|
)
|
—
|
15.53
|
14.93
|
||||||||||||||||||||||
2009
|
13.23
|
.88
|
1.74
|
(.09
|
)
|
—
|
2.53
|
(.68
|
)
|
—
|
(.68
|
)
|
—
|
* |
15.08
|
14.13
|
|||||||||||||||||||||
2008
|
14.77
|
.90
|
(1.56
|
)
|
(.26
|
)
|
—
|
(.92
|
)
|
(.62
|
)
|
—
|
(.62
|
)
|
—
|
* |
13.23
|
10.72
|
|||||||||||||||||||
2007
|
15.18
|
.89
|
(.29
|
)
|
(.25
|
)
|
(.02
|
)
|
.33
|
(.67
|
)
|
(.07
|
)
|
(.74
|
)
|
—
|
14.77
|
13.70
|
|||||||||||||||||||
New York Select Quality (NVN)
|
|||||||||||||||||||||||||||||||||||||
Year Ended 9/30:
|
|||||||||||||||||||||||||||||||||||||
2011
|
15.79
|
.85
|
(.24
|
)
|
—
|
—
|
.61
|
(.84
|
)
|
(.03
|
)
|
(.87
|
)
|
—
|
15.53
|
14.76
|
|||||||||||||||||||||
2010
|
15.37
|
.91
|
.33
|
(.03
|
)
|
—
|
1.21
|
(.79
|
)
|
—
|
(.79
|
)
|
—
|
15.79
|
15.40
|
||||||||||||||||||||||
2009
|
13.34
|
.90
|
1.90
|
(.09
|
)
|
—
|
2.71
|
(.68
|
)
|
—
|
(.68
|
)
|
—
|
* |
15.37
|
13.76
|
|||||||||||||||||||||
2008
|
14.98
|
.91
|
(1.63
|
)
|
(.27
|
)
|
—
|
* |
(.99
|
)
|
(.64
|
)
|
(.01
|
)
|
(.65
|
)
|
—
|
* |
13.34
|
10.70
|
|||||||||||||||||
2007
|
15.44
|
.92
|
(.37
|
)
|
(.27
|
)
|
(.01
|
)
|
.27
|
(.70
|
)
|
(.03
|
)
|
(.73
|
)
|
—
|
14.98
|
13.86
|
(a)
|
The amounts shown are based on Common share equivalents.
|
(b)
|
Total Return Based on Market Value is the combination of changes in the market price per share and the effect of reinvested dividend income and reinvested capital gains distributions, if any, at the average price paid per share at the time of reinvestment. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending market price. The actual reinvestment for the last dividend declared in the period may take place over several days, and in some instances may not be based on the market price, so the actual reinvestment price may be different from the price used in the calculation.Total returns are not annualized.
|
Total Return Based on Common Share Net Asset Value is the combination of changes in Common share net asset value, reinvested dividend income at net asset value and reinvested capital gains distributions at net asset value, if any. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending net asset value. The actual reinvest price for the last dividend declared in the period may often be based on the Fund’s market price (and not its net asset value), and therefore may be different from the price used in the calculation. Total returns are not annualized.
|
72
|
Nuveen Investments
|
Ratios/Supplemental Data
|
|||||||||||||||||
Total Returns
|
Ratios to Average Net Assets
Applicable to Common Shares(c)(d)
|
||||||||||||||||
Based
on
Market
Value
|
(b)
|
Based
on
Common
Share Net
Asset
Value
|
(b)
|
Ending
Net
Assets
Applicable
to Common
Shares (000)
|
Expenses
|
(e)
|
Net
Investment
Income (Loss)
|
Portfolio
Turnover
Rate
|
|||||||||
2.39
|
%
|
4.68
|
%
|
$
|
268,793
|
1.73
|
%
|
5.52
|
%
|
4
|
%
|
||||||
11.63
|
8.42
|
272,028
|
1.31
|
5.83
|
6
|
||||||||||||
39.45
|
19.74
|
264,170
|
1.42
|
6.45
|
3
|
||||||||||||
(17.85
|
)
|
(6.46
|
)
|
232,903
|
1.46
|
6.15
|
9
|
||||||||||
3.22
|
2.22
|
260,224
|
1.40
|
5.98
|
19
|
||||||||||||
1.95
|
4.27
|
360,332
|
1.73
|
5.75
|
5
|
||||||||||||
18.34
|
8.18
|
366,197
|
1.26
|
6.00
|
8
|
||||||||||||
36.22
|
20.98
|
356,491
|
1.36
|
6.52
|
5
|
||||||||||||
(18.81
|
)
|
(6.90
|
)
|
310,931
|
1.41
|
6.16
|
12
|
||||||||||
1.70
|
1.75
|
349,388
|
1.38
|
6.05
|
17
|
(c)
|
Ratios do not reflect the effect of dividend payments to Auction Rate Preferred shareholders, where applicable; Net Investment Income (Loss) ratios reflect income earned and expenses incurred on assets attributable to ARPS and/or VRDP Shares, where applicable.
|
(d)
|
Ratios do not reflect the effect of custodian fee credits earned on the Fund’s net cash on deposit with the custodian bank, where applicable.
|
(e)
|
The expense ratios reflect, among other things, all interest expense and other costs related to VRDP Shares and/or the interest expense deemed to have been paid by the Fund on the floating rate certificates issued by the special purpose trusts for the self-deposited inverse floaters held by the Fund, where applicable, both as described in Footnote 1 – General Information and Significant Accounting Policies, Variable Rate Demand Preferred Shares and Inverse Floating Rate Securities, respectively as follows:
|
New York Investment Quality (NQN)
|
||||
Year Ended 9/30:
|
||||
2011
|
.67
|
%
|
||
2010
|
.17
|
|||
2009
|
.22
|
|||
2008
|
.22
|
|||
2007
|
.18
|
|||
New York Select Quality (NVN)
|
||||
Year Ended 9/30:
|
||||
2011
|
.69
|
|||
2010
|
.14
|
|||
2009
|
.16
|
|||
2008
|
.20
|
|||
2007
|
.18
|
*
|
Rounds to less than $.01 per share.
|
Nuveen Investments
|
73
|
Financial
|
||
Highlights (continued)
|
Selected data for a Common share outstanding throughout each period: |
Investment Operations
|
Less Distributions
|
||||||||||||||||||||||||||||||||||||
Beginning Common
Share
Net Asset
Value
|
Net
Investment Income
(Loss)
|
Net
Realized/ Unrealized
Gain (Loss)
|
Distributions
from Net Investment
Income to
Auction Rate Preferred
Share-
holders
|
(a)
|
Distributions
from
Capital
Gains to
Auction Rate Preferred
Share–
holders
|
(a)
|
Total
|
Net
Investment Income to Common
Share-
holders
|
Capital
Gains to Common Share– holders
|
Total
|
Discount
from
Common
Shares Repurchased and Retired
|
Ending Common Share
Net Asset Value
|
Ending Market Value
|
||||||||||||||||||||||||
New York Quality Income (NUN)
|
|||||||||||||||||||||||||||||||||||||
Year Ended 9/30:
|
|||||||||||||||||||||||||||||||||||||
2011
|
$
|
15.51
|
$
|
.86
|
$
|
(.25
|
)
|
$
|
(.01
|
)
|
$
|
—
|
$
|
.60
|
$
|
(.83
|
)
|
$
|
—
|
* |
$
|
(.83
|
)
|
$
|
—
|
$
|
15.28
|
$
|
14.80
|
||||||||
2010
|
15.15
|
.91
|
.27
|
(.03
|
)
|
—
|
1.15
|
(.79
|
)
|
—
|
(.79
|
)
|
—
|
* |
15.51
|
15.10
|
|||||||||||||||||||||
2009
|
13.20
|
.89
|
1.81
|
(.09
|
)
|
—
|
2.61
|
(.67
|
)
|
—
|
(.67
|
)
|
.01
|
15.15
|
13.68
|
||||||||||||||||||||||
2008
|
14.79
|
.89
|
(1.59
|
)
|
(.27
|
)
|
—
|
* |
(.97
|
)
|
(.61
|
)
|
(.01
|
)
|
(.62
|
)
|
—
|
* |
13.20
|
10.43
|
|||||||||||||||||
2007
|
15.21
|
.89
|
(.33
|
)
|
(.28
|
)
|
(.01
|
)
|
.27
|
(.65
|
)
|
(.04
|
)
|
(.69
|
)
|
—
|
14.79
|
13.46
|
|||||||||||||||||||
Insured New York Premium Income (NNF)
|
|||||||||||||||||||||||||||||||||||||
Year Ended 9/30:
|
|||||||||||||||||||||||||||||||||||||
2011
|
15.73
|
.89
|
(.13
|
)
|
(.02
|
)
|
—
|
.74
|
(.78
|
)
|
—
|
(.78
|
)
|
—
|
15.69
|
14.77
|
|||||||||||||||||||||
2010
|
15.29
|
.86
|
.35
|
(.03
|
)
|
—
|
1.18
|
(.74
|
)
|
—
|
(.74
|
)
|
—
|
*
|
15.73
|
15.18
|
|||||||||||||||||||||
2009
|
13.39
|
.84
|
1.76
|
(.08
|
)
|
—
|
2.52
|
(.63
|
)
|
—
|
(.63
|
)
|
.01
|
15.29
|
13.64
|
||||||||||||||||||||||
2008
|
14.88
|
.86
|
(1.48
|
)
|
(.26
|
)
|
—
|
(.88
|
)
|
(.61
|
)
|
—
|
(.61
|
)
|
—
|
13.39
|
11.04
|
||||||||||||||||||||
2007
|
15.31
|
.87
|
(.33
|
)
|
(.25
|
)
|
(.01
|
)
|
.28
|
(.67
|
)
|
(.04
|
)
|
(.71
|
)
|
—
|
14.88
|
13.54
|
(a)
|
The amounts shown are based on Common share equivalents.
|
(b)
|
Total Return Based on Market Value is the combination of changes in the market price per share and the effect of reinvested dividend income and reinvested capital gains distributions, if any, at the average price paid per share at the time of reinvestment. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending market price. The actual reinvestment for the last dividend declared in the period may take place over several days, and in some instances may not be based on the market price, so the actual reinvestment price may be different from the price used in the calculation. Total returns are not annualized.
|
Total Return Based on Common Share Net Asset Value is the combination of changes in Common share net asset value, reinvested dividend income at net asset value and reinvested capital gains distributions at net asset value, if any. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending net asset value. The actual reinvest price for the last dividend declared in the period may often be based on the Fund’s market price (and not its net asset value), and therefore may be different from the price used in the calculation. Total returns are not annualized.
|
74
|
Nuveen Investments
|
Ratios/Supplemental Data
|
|||||||||||||||||
Total Returns
|
Ratios to Average Net Assets
Applicable to Common Shares(c)(d)
|
|
|||||||||||||||
Based
on
Market
Value
|
(b)
|
Based
on
Common
Share Net
Asset
Value
|
(b)
|
Ending
Net
Assets
Applicable
to Common
Shares (000)
|
Expenses
|
(e)
|
Net
Investment
Income (Loss)
|
Portfolio
Turnover
Rate
|
|||||||||
4.01
|
% |
4.26
|
%
|
$
|
362,829
|
1.62
|
%
|
5.81
|
%
|
3
|
%
|
||||||
16.77
|
7.87
|
368,505
|
1.22
|
6.08
|
6
|
||||||||||||
38.91
|
20.46
|
359,827
|
1.38
|
6.50
|
5
|
||||||||||||
(18.60)
|
(6.80
|
)
|
315,510
|
1.42
|
6.10
|
9
|
|||||||||||
.21
|
1.81
|
353,564
|
1.38
|
5.95
|
21
|
||||||||||||
2.78
|
5.04
|
129,319
|
1.28
|
5.93
|
3
|
||||||||||||
17.25
|
7.96
|
129,681
|
1.25
|
5.63
|
4
|
||||||||||||
30.31
|
19.42
|
126,259
|
1.42
|
6.02
|
5
|
||||||||||||
(14.53)
|
(6.18
|
)
|
111,528
|
1.45
|
5.84
|
10
|
|||||||||||
(.20)
|
1.85
|
123,956
|
1.40
|
5.79
|
21
|
(c)
|
Ratios do not reflect the effect of dividend payments to Auction Rate Preferred shareholders, where applicable; Net Investment Income (Loss) ratios reflect income earned and expenses incurred on assets attributable to ARPS, VMTP and/or VRDP Shares, where applicable.
|
(d)
|
Ratios do not reflect the effect of custodian fee credits earned on the Fund’s net cash on deposit with the custodian bank, where applicable.
|
(e)
|
The expense ratios reflect, among other things, all interest expense and other costs related to VMTP Shares, VRDP Shares and/or the interest expense deemed to have been paid by the Fund on the floating rate certificates issued by the special purpose trusts for the self-deposited inverse floaters held by the Fund, where applicable, each as described in Footnote 1 – General Information and Significant Accounting Policies, Variable MuniFund Term Preferred Shares, Variable Rate Demand Preferred Shares and Inverse Floating Rate Securities, respectively as follows:
|
New York Quality Income (NUN)
|
||||
Year Ended 9/30:
|
||||
2011
|
.55
|
%
|
||
2010
|
.07
|
|||
2009
|
.18
|
|||
2008
|
.21
|
|||
2007
|
.18
|
|||
Insured New York Premium Income (NNF)
|
||||
Year Ended 9/30:
|
||||
2011
|
.13
|
|||
2010
|
.09
|
|||
2009
|
.21
|
|||
2008
|
.21
|
|||
2007
|
.17
|
*
|
Rounds to less than $.01 per share.
|
Nuveen Investments
|
75
|
Financial
|
||
Highlights (continued)
|
Selected data for a Common share outstanding throughout each period: |
Investment Operations
|
Less Distributions
|
||||||||||||||||||||||||||||||||||||
Beginning Common Share Net Asset Value
|
Net Investment Income (Loss)
|
Net Realized/ Unrealized Gain (Loss)
|
Distributions from Net Investment Income to Auction Rate Preferred Share- holders
|
(a)
|
Distributions from Capital Gains to Auction Rate Preferred Share– holders
|
(a)
|
Total
|
Net Investment Income to Common Share- holders
|
Capital Gains to Common Share– holders
|
Total
|
Discount from Common Shares Repurchased and Retired
|
Ending Common Share Net Asset Value
|
Ending Market Value
|
||||||||||||||||||||||||
Insured New York Dividend Advantage (NKO)
|
|||||||||||||||||||||||||||||||||||||
Year Ended 9/30:
|
|||||||||||||||||||||||||||||||||||||
2011
|
$
|
15.40
|
$
|
.82
|
$
|
(.10
|
)
|
$
|
—
|
$
|
—
|
$
|
.72
|
$
|
(.78
|
)
|
$
|
—
|
$
|
(.78
|
)
|
$
|
—
|
$
|
15.34
|
$
|
14.16
|
||||||||||
2010
|
15.17
|
.81
|
.19
|
—
|
—
|
1.00
|
(.77
|
)
|
—
|
*
|
(.77
|
)
|
—
|
15.40
|
14.72
|
||||||||||||||||||||||
2009
|
13.38
|
.78
|
1.73
|
—
|
—
|
*
|
2.51
|
(.70
|
)
|
(.02
|
)
|
(.72
|
)
|
—
|
*
|
15.17
|
14.07
|
||||||||||||||||||||
2008
|
14.96
|
.91
|
(1.57
|
)
|
(.22
|
)
|
(.01
|
)
|
(.89
|
)
|
(.66
|
)
|
(.03
|
)
|
(.69
|
)
|
—
|
13.38
|
10.96
|
||||||||||||||||||
2007
|
15.34
|
.95
|
(.34
|
)
|
(.26
|
)
|
—
|
*
|
.35
|
(.72
|
)
|
(.01
|
)
|
(.73
|
)
|
—
|
14.96
|
14.10
|
|||||||||||||||||||
Insured New York Tax-Free Advantage (NRK)
|
|||||||||||||||||||||||||||||||||||||
Year Ended 9/30:
|
|||||||||||||||||||||||||||||||||||||
2011
|
15.36
|
.65
|
(.24
|
)
|
—
|
—
|
.41
|
(.74
|
)
|
—
|
(.74
|
)
|
—
|
15.03
|
13.86
|
||||||||||||||||||||||
2010
|
15.18
|
.77
|
.23
|
(.01
|
)
|
(.01
|
)
|
.98
|
(.73
|
)
|
(.07
|
)
|
(.80
|
)
|
—
|
15.36
|
14.75
|
||||||||||||||||||||
2009
|
13.31
|
.83
|
1.81
|
(.10
|
)
|
—
|
*
|
2.54
|
(.66
|
)
|
(.01
|
)
|
(.67
|
)
|
—
|
* |
15.18
|
13.70
|
|||||||||||||||||||
2008
|
14.65
|
.88
|
(1.32
|
)
|
(.25
|
)
|
—
|
*
|
(.69
|
)
|
(.65
|
)
|
—
|
*
|
(.65
|
)
|
—
|
13.31
|
11.52
|
||||||||||||||||||
2007
|
14.92
|
.91
|
(.29
|
)
|
(.23
|
)
|
—
|
*
|
.39
|
(.65
|
)
|
(.01
|
)
|
(.66
|
)
|
—
|
14.65
|
13.74
|
(a)
|
The amounts shown are based on Common share equivalents.
|
(b)
|
Total Return Based on Market Value is the combination of changes in the market price per share and the effect of reinvested dividend income and reinvested capital gains distributions, if any, at the average price paid per share at the time of reinvestment. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending market price. The actual reinvestment for the last dividend declared in the period may take place over several days, and in some instances may not be based on the market price, so the actual reinvestment price may be different from the price used in the calculation. Total returns are not annualized.
|
Total Return Based on Common Share Net Asset Value is the combination of changes in Common share net asset value, reinvested dividend income at net asset value and reinvested capital gains distributions at net asset value, if any. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending net asset value. The actual reinvest price for the last dividend declared in the period may often be based on the Fund’s market price (and not its net asset value), and therefore may be different from the price used in the calculation. Total returns are not annualized.
|
76
|
Nuveen Investments
|
Ratios/Supplemental Data
|
||||||||||||||||||||||
Total Returns
|
Ratios to Average Net Assets
Applicable to Common Shares
Before Reimbursement(c)
|
Ratios to Average Net Assets
Applicable to Common Shares
After Reimbursement(c)(d)
|
||||||||||||||||||||
Based
on
Market
Value
|
(b)
|
Based
on
Common
Share Net
Asset
Value
|
(b)
|
Ending
Net
Assets
Applicable
to Common
Shares (000)
|
Expenses
|
(e)
|
Net
Investment
Income (Loss)
|
Expenses
|
(e)
|
Net
Investment
Income (Loss)
|
Portfolio
Turnover
Rate
|
|||||||||||
1.77
|
%
|
4.98
|
%
|
$
|
121,775
|
1.77
|
%
|
5.43
|
%
|
1.66
|
%
|
5.55
|
%
|
12
|
%
|
|||||||
10.62
|
6.88
|
122,238
|
1.86
|
5.19
|
1.67
|
5.37
|
2
|
|||||||||||||||
36.41
|
19.41
|
120,406
|
2.13
|
5.42
|
1.87
|
5.68
|
3
|
|||||||||||||||
(18.10
|
)
|
(6.24
|
)
|
106,583
|
1.65
|
5.81
|
1.68
|
5.78
|
9
|
|||||||||||||
(.21
|
)
|
2.36
|
119,131
|
1.38
|
5.83
|
1.40
|
5.81
|
19
|
||||||||||||||
(.81
|
)
|
2.91
|
52,694
|
2.91
|
4.44
|
2.89
|
4.47
|
6
|
||||||||||||||
13.97
|
6.70
|
** |
53,866
|
1.95
|
5.01
|
1.81
|
5.15
|
4
|
||||||||||||||
25.65
|
19.67
|
53,223
|
1.40
|
5.77
|
1.13
|
6.04
|
4
|
|||||||||||||||
(11.94
|
)
|
(4.91
|
)
|
46,769
|
1.41
|
5.68
|
1.44
|
5.65
|
8
|
|||||||||||||
2.24
|
2.69
|
51,479
|
1.40
|
5.65
|
1.42
|
5.63
|
17
|
(c)
|
Ratios do not reflect the effect of dividend payments to Auction Rate Preferred shareholders, where applicable; Net Investment Income (Loss) ratios reflect income earned and expenses incurred on assets attributable to ARPS, MTP Shares, and/or VRDP Shares, where applicable.
|
(d)
|
After expense reimbursement from Adviser, where applicable. Ratios do not reflect the effect of custodian fee credits earned on the Fund’s net cash on deposit with the custodian bank, where applicable. As of November 30, 2010, the Adviser is no longer reimbursing Insured New York Tax-Free Advantage (NRK) for any fees or expenses.
|
(e)
|
The expense ratios reflect, among other things, all interest expense and other costs related to MTP Shares, VRDP Shares and/or the interest expense deemed to have been paid by the Fund on the floating rate certificates issued by the special purpose trusts for the self-deposited inverse floaters held by the Fund, where applicable, each as described in Footnote 1 – General Information and Significant Accounting Policies, MuniFund Term Preferred Shares, Variable Rate Demand Preferred Shares and Inverse Floating Rate Securities, respectively as follows:
|
Insured New York Dividend Advantage (NKO)
|
||||
Year Ended 9/30:
|
||||
2011
|
.72
|
%
|
||
2010
|
.77
|
|||
2009
|
1.01
|
|||
2008
|
.40
|
|||
2007
|
.18
|
|||
Insured New York Tax-Free Advantage (NRK)
|
||||
Year Ended 9/30:
|
||||
2011
|
1.66
|
|||
2010
|
.77
|
|||
2009
|
.09
|
|||
2008
|
.15
|
|||
2007
|
.15
|
*
|
Rounds to less than $.01 per share.
|
**
|
During the fiscal year ended September 30, 2010, Insured New York Tax-Free Advantage (NRK) received payments from the Adviser of $35,020 to offset losses realized on the disposal of investments purchased in violation of the Fund’s investment restrictions. This reimbursement did not have an impact on the Fund’s Total Return on Common Share Net Asset Value.
|
Nuveen Investments
|
77
|
Financial
|
||
Highlights (continued)
|
ARPS at the End of Period
|
VRDP Shares at the End of Period
|
||||||||||||||||||
Aggregate Amount Outstanding (000)
|
Liquidation Value Per Share
|
Asset Coverage Per Share
|
Aggregate Amount Outstanding (000)
|
Liquidation Value Per Share
|
Asset Coverage Per Share
|
||||||||||||||
New York Investment Quality (NQN)
|
|||||||||||||||||||
Year Ended 9/30:
|
|||||||||||||||||||
2011
|
$
|
—
|
$
|
—
|
$
|
—
|
$
|
112,300
|
$
|
100,000
|
$
|
339,353
|
|||||||
2010
|
—
|
—
|
—
|
112,300
|
100,000
|
342,233
|
|||||||||||||
2009
|
111,500
|
25,000
|
84,231
|
—
|
—
|
—
|
|||||||||||||
2008
|
114,925
|
25,000
|
75,664
|
—
|
—
|
—
|
|||||||||||||
2007
|
144,000
|
25,000
|
70,178
|
—
|
—
|
—
|
|||||||||||||
New York Select Quality (NVN)
|
|||||||||||||||||||
Year Ended 9/30:
|
|||||||||||||||||||
2011
|
—
|
—
|
—
|
164,800
|
100,000
|
318,648
|
|||||||||||||
2010
|
—
|
—
|
—
|
164,800
|
100,000
|
322,207
|
|||||||||||||
2009
|
163,900
|
25,000
|
79,376
|
—
|
—
|
—
|
|||||||||||||
2008
|
163,900
|
25,000
|
72,427
|
—
|
—
|
—
|
|||||||||||||
2007
|
193,000
|
25,000
|
70,258
|
—
|
—
|
—
|
78
|
Nuveen Investments
|
ARPS at the End of Period
|
VMTP Shares at the End of Period
|
VRDP Shares at the End of Period
|
ARPS and
VMTP Shares
at the End
of Period
|
||||||||||||||||||||||||||||
Aggregate
Amount
Outstanding
(000)
|
Liquidation
Value
Per Share
|
Asset
Coverage
Per Share
|
Aggregate
Amount
Outstanding
(000)
|
Liquidation
Value
Per Share
|
Asset
Coverage
Per Share
|
Aggregate
Amount
Outstanding
(000)
|
Liquidation
Value
Per Share
|
Asset
Coverage
Per Share
|
Asset
Coverage
Per $1
Liquidation
Preference
|
||||||||||||||||||||||
New York Quality Income (NUN)
|
|||||||||||||||||||||||||||||||
Year Ended 9/30:
|
|||||||||||||||||||||||||||||||
2011
|
$
|
—
|
$
|
—
|
$
|
—
|
$
|
—
|
$
|
—
|
$
|
—
|
$
|
161,700
|
$
|
100,000
|
$
|
324,384
|
$
|
—
|
|||||||||||
2010
|
160,775
|
25,000
|
82,301
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||||||
2009
|
160,775
|
25,000
|
80,952
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||||||
2008
|
165,375
|
25,000
|
72,696
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||||||
2007
|
197,000
|
25,000
|
69,868
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||||||
Insured New York Premium Income (NNF)
|
|||||||||||||||||||||||||||||||
Year Ended 9/30:
|
|||||||||||||||||||||||||||||||
2011
|
24,800
|
25,000
|
67,821
|
50,700
|
100,000
|
271,283
|
—
|
—
|
—
|
2.71
|
|||||||||||||||||||||
2010
|
50,350
|
25,000
|
89,390
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||||||
2009
|
50,350
|
25,000
|
87,691
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||||||
2008
|
52,000
|
25,000
|
78,619
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||||||
2007
|
65,000
|
25,000
|
72,675
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
Nuveen Investments
|
79
|
Financial
|
||
Highlights (continued)
|
ARPS at the End of Period
|
MTP Shares at the End of Period (f)
|
VRDP Shares at the End of Period
|
||||||||||||||||||||||||||
Aggregate
Amount
Outstanding
(000)
|
Liquidation
Value
Per Share
|
Asset
Coverage
Per Share
|
Aggregate
Amount
Outstanding
(000)
|
Liquidation
Value
Per Share
|
Asset
Coverage
Per Share
|
Aggregate
Amount
Outstanding
(000)
|
Liquidation
Value
Per Share
|
Asset
Coverage
Per Share
|
||||||||||||||||||||
Insured New York Dividend Advantage (NKO)
|
||||||||||||||||||||||||||||
Year Ended 9/30:
|
||||||||||||||||||||||||||||
2011
|
$
|
—
|
$
|
—
|
$
|
—
|
$
|
—
|
$
|
—
|
$
|
—
|
$
|
50,000
|
$
|
100,000
|
$
|
343,550
|
||||||||||
2010
|
—
|
—
|
—
|
—
|
—
|
—
|
50,000
|
100,000
|
344,477
|
|||||||||||||||||||
2009
|
—
|
—
|
—
|
—
|
—
|
—
|
50,000
|
100,000
|
340,811
|
|||||||||||||||||||
2008
|
—
|
—
|
—
|
—
|
—
|
—
|
50,000
|
100,000
|
313,166
|
|||||||||||||||||||
2007
|
61,000
|
25,000
|
73,824
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||||
Insured New York Tax-Free Advantage (NRK)
|
||||||||||||||||||||||||||||
Year Ended 9/30:
|
||||||||||||||||||||||||||||
2011
|
—
|
—
|
—
|
27,680
|
10.00
|
29.04
|
—
|
—
|
—
|
|||||||||||||||||||
2010
|
—
|
—
|
—
|
27,680
|
10.00
|
29.46
|
—
|
—
|
—
|
|||||||||||||||||||
2009
|
27,000
|
25,000
|
74,281
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||||
2008
|
27,000
|
25,000
|
68,304
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||||
2007
|
27,000
|
25,000
|
72,665
|
—
|
—
|
—
|
—
|
—
|
—
|
(f)
|
The Ending and Average Market Value Per Share for each Series of the Fund’s MTP Shares were as follows:
|
Series
|
Ending
Market Value
Per Share
|
Average
Market Value
Per Share
|
||||||||
Insured New York Tax-Free Advantage (NRK)
|
||||||||||
Year Ended 9/30:
|
||||||||||
2011
|
2015
|
$
|
10.10
|
$
|
10.06
|
|||||
2010
|
2015
|
10.33
|
10.09
|
^ | ||||||
2009
|
—
|
—
|
—
|
|||||||
2008
|
—
|
—
|
—
|
|||||||
2007
|
—
|
—
|
—
|
^
|
For the period April 14, 2010 (first issuance date of shares) through September 30, 2010.
|
80
|
Nuveen Investments
|
Notes to
|
||
Financial Statements
|
Nuveen Investments
|
81
|
Notes to
|
||
Financial Statements (continued)
|
82
|
Nuveen Investments
|
New York Investment
Quality
(NQN
|
)
|
New York
Select
Quality
(NVN
|
)
|
New York
Quality
Income
(NUN
|
)
|
Insured
New York
Premium
Income
(NNF
|
)
|
Insured
New York
Dividend
Advantage
(NKO
|
)
|
Insured
New York
Tax-Free
Advantage
(NRK
|
)
|
||||||||
ARPS redeemed and/or noticed for redemption, at liquidation value
|
$
|
144,000,000
|
$
|
193,000,000
|
$
|
197,000,000
|
$
|
65,000,000
|
$
|
61,000,000
|
$
|
27,000,000
|
Nuveen Investments
|
83
|
Notes to
|
||
Financial Statements (continued)
|
Insured
|
|||||||||||||
New York
|
New York
|
New York
|
New York
|
||||||||||
Investment
|
Select
|
Quality
|
Dividend
|
||||||||||
Quality
|
Quality
|
Income
|
Advantage
|
||||||||||
(NQN
|
)
|
(NVN
|
)
|
(NUN
|
)
|
(NKO
|
)
|
||||||
Series
|
1
|
1
|
1
|
2
|
|||||||||
Shares outstanding
|
1,123
|
1,648
|
1,617
|
500
|
|||||||||
Maturity
|
August 1, 2040
|
August 1, 2040
|
December 1, 2040
|
June 1, 2040
|
Insured
|
|||||||||||||
New York
|
New York
|
New York
|
New York
|
||||||||||
Investment
|
Select
|
Quality
|
Dividend
|
||||||||||
Quality
|
Quality
|
Income
|
Advantage
|
||||||||||
(NQN
|
)
|
(NVN
|
)
|
(NUN
|
)*
|
(NKO
|
)
|
||||||
Average liquidation value outstanding
|
112,300,000
|
164,800,000
|
161,700,000
|
50,000,000
|
|||||||||
Annualized dividend rate
|
0.43
|
%
|
0.44
|
%
|
0.42
|
%
|
0.36
|
%
|
*
|
For the period December 16, 2010 (issuance date of shares) through September 30, 2011.
|
84
|
Nuveen Investments
|
Nuveen Investments
|
85
|
Notes to
|
||
Financial Statements (continued)
|
Insured
|
Insured
|
Insured
|
|||||||||||||||||
New York
|
New York
|
New York
|
New York
|
New York
|
New York
|
||||||||||||||
Investment
|
Select
|
Quality
|
Premium
|
Dividend
|
Tax-Free
|
||||||||||||||
Quality
|
Quality
|
Income
|
Income
|
Advantage
|
Advantage
|
||||||||||||||
(NQN
|
)
|
(NVN
|
)
|
(NUN
|
)
|
(NNF
|
)
|
(NKO
|
)
|
(NRK
|
)
|
||||||||
Maximum exposure to Recourse Trusts
|
$
|
7,790,000
|
$
|
9,585,000
|
$
|
9,700,000
|
$
|
3,420,000
|
$
|
610,000
|
$
|
560,000
|
|
|
|
Insured
|
Insured
|
Insured | ||||||||||||||
New York
|
New York
|
New York
|
New York
|
New York
|
New York
|
||||||||||||||
Investment
|
Select
|
Quality
|
Premium
|
Dividend
|
Tax-Free
|
||||||||||||||
Quality
|
Quality
|
Income
|
Income
|
Advantage
|
Advantage
|
||||||||||||||
(NQN
|
)
|
(NVN
|
)
|
(NUN
|
)
|
(NNF
|
)
|
(NKO
|
)
|
(NRK
|
)
|
||||||||
Average floating rate obligations outstanding
|
$
|
37,145,000
|
$
|
33,510,000
|
$
|
40,245,000
|
$
|
16,600,000
|
$
|
11,620,000
|
$
|
2,390,000
|
|||||||
Average annual interest rate and fees
|
0.64
|
%
|
0.60
|
%
|
0.64
|
%
|
0.64
|
%
|
0.61
|
%
|
0.56
|
%
|
86
|
Nuveen Investments
|
Level 1 – Quoted prices in active markets for identical securities. | |
Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). | |
Level 3 – Significant unobservable inputs (including management’s assumptions in determining the fair value of investments). |
New York Investment Quality (NQN)
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||
Investments:
|
|||||||||||||
Municipal Bonds
|
$
|
—
|
$
|
409,129,815
|
$
|
—
|
$
|
409,129,815
|
|||||
New York Select Quality (NVN)
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||
Investments:
|
|||||||||||||
Municipal Bonds
|
$
|
—
|
$
|
544,122,198
|
$
|
—
|
$
|
544,122,198
|
|||||
New York Quality Income (NUN)
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||
Investments:
|
|||||||||||||
Municipal Bonds
|
$
|
—
|
$
|
558,240,288
|
$
|
—
|
$
|
558,240,288
|
Nuveen Investments
|
87
|
Notes to
|
||
Financial Statements (continued)
|
Insured New York Premium Income (NNF)
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||
Investments:
|
|||||||||||||
Municipal Bonds
|
$
|
—
|
$
|
194,173,566
|
$
|
—
|
$
|
194,173,566
|
|||||
Insured New York Dividend Advantage (NKO)
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||
Investments:
|
|||||||||||||
Municipal Bonds
|
$
|
—
|
$
|
177,563,294
|
$
|
—
|
$
|
177,563,294
|
|||||
Insured New York Tax-Free Advantage (NRK)
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||
Investments:
|
|||||||||||||
Municipal Bonds
|
$
|
—
|
$
|
79,630,110
|
$
|
—
|
$
|
79,630,110
|
New York
Investment Quality (NQN)
|
New York
Select Quality (NVN)
|
New York
Quality Income (NUN)
|
|||||||||||||||||
Year Ended
|
Year Ended
|
Year Ended
|
Year Ended
|
Year Ended
|
Year Ended
|
||||||||||||||
9/30/11
|
9/30/10
|
9/30/11
|
9/30/10
|
9/30/11
|
9/30/10
|
||||||||||||||
Common shares repurchased and retired
|
—
|
—
|
—
|
—
|
—
|
(1,700
|
)
|
||||||||||||
Weighted average Common share:
|
|||||||||||||||||||
Price per share repurchased and retired
|
—
|
—
|
—
|
—
|
—
|
$
|
12.81
|
||||||||||||
Discount per share repurchased and retired
|
—
|
—
|
—
|
—
|
—
|
12.38
|
%
|
Insured New York
Premium Income (NNF)
|
Insured New York
Dividend Advantage (NKO)
|
Insured New York
Tax-Free Advantage (NRK)
|
|||||||||||||||||
Year Ended
|
Year Ended
|
Year Ended
|
Year Ended
|
Year Ended
|
Year Ended
|
||||||||||||||
9/30/11
|
9/30/10
|
9/30/11
|
9/30/10
|
9/30/11
|
9/30/10
|
||||||||||||||
Common shares repurchased and retired
|
—
|
(12,700
|
)
|
—
|
—
|
—
|
—
|
||||||||||||
Weighted average Common share:
|
|||||||||||||||||||
Price per share repurchased and retired
|
—
|
$
|
13.02
|
—
|
—
|
—
|
—
|
||||||||||||
Discount per share repurchased and retired
|
—
|
11.83
|
%
|
—
|
—
|
—
|
—
|
New York
Investment Quality (NQN)
|
New York
Select Quality (NVN)
|
||||||||||||||||||||||||
Year Ended
9/30/11
|
Year Ended
9/30/10
|
Year Ended
9/30/11
|
Year Ended
9/30/10
|
||||||||||||||||||||||
Shares
|
Amount
|
Shares
|
Amount
|
Shares
|
Amount
|
Shares
|
Amount
|
||||||||||||||||||
ARPS redeemed:
|
|||||||||||||||||||||||||
Series M
|
N/A
|
N/A
|
744
|
$
|
18,600,000
|
N/A
|
N/A
|
—
|
$
|
—
|
|||||||||||||||
Series T
|
N/A
|
N/A
|
1,858
|
46,450,000
|
N/A
|
N/A
|
1,461
|
36,525,000
|
|||||||||||||||||
Series W
|
N/A
|
N/A
|
—
|
—
|
N/A
|
N/A
|
2,038
|
50,950,000
|
|||||||||||||||||
Series TH
|
N/A
|
N/A
|
—
|
—
|
N/A
|
N/A
|
3,057
|
76,425,000
|
|||||||||||||||||
Series F
|
N/A
|
N/A
|
1,858
|
46,450,000
|
N/A
|
N/A
|
—
|
—
|
|||||||||||||||||
Total
|
N/A
|
N/A
|
4,460
|
$
|
111,500,000
|
N/A
|
N/A
|
6,556
|
$
|
163,900,000
|
88
|
Nuveen Investments
|
New York
Quality Income (NUN)
|
Insured New York
Premium Income (NNF)
|
||||||||||||||||||||||||
Year Ended
9/30/11
|
Year Ended
9/30/10
|
Year Ended
9/30/11
|
Year Ended
9/30/10
|
||||||||||||||||||||||
Shares
|
Amount
|
Shares
|
Amount
|
Shares
|
Amount
|
Shares
|
Amount
|
||||||||||||||||||
ARPS redeemed and/or noticed for redemption:
|
|||||||||||||||||||||||||
Series M
|
1,794
|
$
|
44,850,000
|
—
|
$
|
—
|
1,022
|
$
|
25,500,000
|
—
|
$
|
—
|
|||||||||||||
Series T
|
—
|
—
|
—
|
—
|
992
|
24,800,000
|
—
|
—
|
|||||||||||||||||
Series W
|
1,796
|
44,900,000
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||
Series TH
|
1,959
|
48,975,000
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||
Series F
|
882
|
22,050,000
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||||
Total
|
6,431
|
$
|
160,775,000
|
—
|
$
|
—
|
2,014
|
$
|
50,350,000
|
—
|
$
|
—
|
Insured New York
Tax-Free Advantage (NRK)
|
|||||||||||||
Year Ended
9/30/11
|
Year Ended
9/30/10
|
||||||||||||
Shares
|
Amount
|
Shares
|
Amount
|
||||||||||
ARPS redeemed:
|
|||||||||||||
Series TH
|
N/A
|
N/A
|
1,080
|
$
|
27,000,000
|
Insured New York
Tax-Free Advantage (NRK)
|
|||||||||||||
Year Ended
9/30/11
|
Year Ended
9/30/10
|
||||||||||||
Shares
|
Amount
|
Shares
|
Amount
|
||||||||||
MTP Shares issued:
|
|||||||||||||
Series 2015
|
—
|
$
|
—
|
2,768,000
|
$
|
27,680,000
|
Insured New York
Premium Income (NNF)
|
|||||||||||||
Year Ended
9/30/11
|
Year Ended
9/30/10
|
||||||||||||
Shares
|
Amount
|
Shares
|
Amount
|
||||||||||
VMTP Shares issued:
|
|||||||||||||
Series 2014
|
507
|
$
|
50,700,000
|
—
|
$
|
—
|
New York
Investment Quality (NQN)
|
New York
Select Quality (NVN)
|
||||||||||||||||||||||||
Year Ended
9/30/11
|
Year Ended
9/30/10
|
Year Ended
9/30/11
|
Year Ended
9/30/10
|
||||||||||||||||||||||
Shares
|
Amount
|
Shares
|
Amount
|
Shares
|
Amount
|
Shares
|
Amount
|
||||||||||||||||||
VRDP Shares issued:
|
|||||||||||||||||||||||||
Series 1
|
—
|
$
|
—
|
1,123
|
$
|
112,300,000
|
—
|
$
|
—
|
1,648
|
$
|
164,800,000
|
Nuveen Investments
|
89
|
Notes to
|
||
Financial Statements (continued)
|
New York
Quality Income (NUN)
|
|||||||||||||
Year Ended
9/30/11
|
Year Ended
9/30/10
|
||||||||||||
Shares
|
Amount
|
Shares
|
Amount
|
||||||||||
VRDP Shares issued:
|
|||||||||||||
Series 1
|
1,671
|
$
|
161,700,000
|
—
|
$
|
—
|
Insured
|
Insured
|
Insured
|
|||||||||||||||||
New York
|
New York
|
New York
|
New York
|
New York
|
New York
|
||||||||||||||
Investment
|
Select
|
Quality
|
Premium
|
Dividend
|
Tax-Free
|
||||||||||||||
Quality
|
Quality
|
Income
|
Income
|
Advantage
|
Advantage
|
||||||||||||||
(NQN
|
)
|
(NVN
|
)
|
(NUN
|
)
|
(NNF
|
)
|
(NKO
|
)
|
(NRK
|
)
|
||||||||
Purchases
|
$
|
18,512,999
|
$
|
35,885,531
|
$
|
35,603,608
|
$
|
14,608,043
|
$
|
20,875,676
|
$
|
4,933,390
|
|||||||
Sales and maturities
|
17,143,550
|
28,310,142
|
16,724,534
|
5,526,250
|
20,843,022
|
7,122,990
|
Insured
|
Insured
|
Insured
|
|||||||||||||||||
New York
|
New York
|
New York
|
New York
|
New York
|
New York
|
||||||||||||||
Investment
|
Select
|
Quality
|
Premium
|
Dividend
|
Tax-Free
|
||||||||||||||
Quality
|
Quality
|
Income
|
Income
|
Advantage
|
Advantage
|
||||||||||||||
(NQN
|
)
|
(NVN
|
)
|
(NUN
|
)
|
(NNF
|
)
|
(NKO
|
)
|
(NRK
|
)
|
||||||||
Cost of investments
|
$
|
354,012,790
|
$
|
480,837,638
|
$
|
491,893,554
|
$
|
168,044,193
|
$
|
158,109,335
|
$
|
74,022,371
|
|||||||
Gross unrealized:
|
|||||||||||||||||||
Appreciation
|
$
|
21,907,553
|
$
|
35,305,653
|
$
|
32,181,419
|
$
|
11,403,381
|
$
|
9,534,755
|
$
|
3,793,008
|
|||||||
Depreciation
|
(3,923,004
|
)
|
(5,544,807
|
)
|
(6,093,976
|
)
|
(1,868,427
|
)
|
(1,685,349
|
)
|
(578,991
|
)
|
|||||||
Net unrealized appreciation (depreciation) of investments
|
$
|
17,984,549
|
$
|
29,760,846
|
$
|
26,087,443
|
$
|
9,534,954
|
$
|
7,849,406
|
$
|
3,214,017
|
Insured
|
Insured
|
Insured
|
|||||||||||||||||
New York
|
New York
|
New York
|
New York
|
New York
|
New York
|
||||||||||||||
Investment
|
Select
|
Quality
|
Premium
|
Dividend
|
Tax-Free
|
||||||||||||||
Quality
|
Quality
|
Income
|
Income
|
Advantage
|
Advantage
|
||||||||||||||
(NQN
|
)
|
(NVN
|
)
|
(NUN
|
)
|
(NNF
|
)
|
(NKO
|
)
|
(NRK
|
)
|
||||||||
Paid-in-surplus
|
$
|
(13,231
|
)
|
$
|
(14,783
|
)
|
$
|
(23,022
|
)
|
$
|
(6,571
|
)
|
$
|
(22,209
|
)
|
$
|
(130,195
|
)
|
|
Undistributed (Over-distribution of) net investment income
|
(2,461
|
)
|
(44,783
|
)
|
(12,890
|
)
|
6,410
|
20,571
|
131,210
|
||||||||||
Accumulated net realized gain (loss)
|
15,692
|
59,566
|
35,912
|
161
|
1,638
|
(1,015
|
)
|
90
|
Nuveen Investments
|
Insured
|
Insured
|
Insured
|
||||||||||||||||||
New York
|
New York
|
New York
|
New York
|
New York
|
New York
|
|||||||||||||||
Investment
|
Select
|
Quality
|
Premium
|
Dividend
|
Tax-Free
|
|||||||||||||||
Quality
|
Quality
|
Income
|
Income
|
Advantage
|
Advantage
|
|||||||||||||||
(NQN
|
)
|
(NVN
|
)
|
(NUN
|
)
|
(NNF
|
)
|
(NKO
|
)
|
(NRK
|
)
|
|||||||||
Undistributed net tax-exempt income *
|
$
|
4,507,282
|
$
|
6,383,734
|
$
|
6,759,861
|
$
|
2,854,581
|
$
|
1,867,826
|
$
|
422,055
|
||||||||
Undistributed net ordinary income **
|
149,777
|
—
|
241
|
—
|
—
|
—
|
||||||||||||||
Undistributed net long-term capital gains
|
844,405
|
688,857
|
477,137
|
49,830
|
43,085
|
47,456
|
||||||||||||||
*
|
Undistributed net tax-exempt income (on a tax basis) has not been reduced for the dividend declared on September 1, 2011, paid on October 3, 2011.
|
|||||||||||||||||||
**
|
Net ordinary income consists of taxable market discount income and net short-term capital gains, if any.
|
Insured
|
Insured
|
Insured
|
|||||||||||||||||
New York
|
New York
|
New York
|
New York
|
New York
|
New York
|
||||||||||||||
Investment
|
Select
|
Quality
|
Premium
|
Dividend
|
Tax-Free
|
||||||||||||||
Quality
|
Quality
|
Income
|
Income
|
Advantage
|
Advantage
|
||||||||||||||
2011
|
(NQN
|
)
|
(NVN
|
)
|
(NUN
|
)
|
(NNF
|
)
|
(NKO
|
)
|
(NRK
|
)
|
|||||||
Distributions from net tax-exempt income***
|
$
|
14,580,265
|
$
|
20,229,362
|
$
|
20,397,351
|
$
|
6,553,402
|
$
|
6,323,243
|
$
|
3,293,681
|
|||||||
Distributions from net ordinary income**
|
—
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||
Distributions from net long-term capital gains****
|
888,164
|
677,393
|
104,510
|
—
|
—
|
—
|
Insured
|
Insured
|
Insured
|
|||||||||||||||||
New York
|
New York
|
New York
|
New York
|
New York
|
New York
|
||||||||||||||
Investment
|
Select
|
Quality
|
Premium
|
Dividend
|
Tax-Free
|
||||||||||||||
Quality
|
Quality
|
Income
|
Income
|
Advantage
|
Advantage
|
||||||||||||||
2010
|
(NQN
|
)
|
(NVN
|
)
|
(NUN
|
)
|
(NNF
|
)
|
(NKO
|
)
|
(NRK
|
)
|
|||||||
Distributions from net tax-exempt income
|
$
|
13,979,689
|
$
|
18,904,600
|
$
|
19,182,269
|
$
|
6,203,408
|
$
|
6,279,396
|
$
|
2,864,336
|
|||||||
Distributions from net ordinary income **
|
—
|
—
|
—
|
—
|
5,556
|
99,670
|
|||||||||||||
Distributions from net long-term capital gains
|
—
|
—
|
—
|
—
|
15,081
|
165,559
|
**
|
Net ordinary income consists of taxable market discount income and net short-term capital gains, if any.
|
***
|
The Funds hereby designate these amounts paid during the fiscal year ended September 30, 2011, as Exempt Interest Dividends.
|
****
|
The Funds designated as a long-term capital gain dividend, pursuant to the Internal Revenue Code Section 852 (b)(3), the amount necessary to reduce earnings and profits of the Funds related to net capital gain to zero for the tax year ended September 30, 2011.
|
Insured
|
Insured
|
||||||
New York
|
New York
|
||||||
Premium
|
Dividend
|
||||||
Income
|
Advantage
|
||||||
(NNF
|
)
|
(NKO
|
)
|
||||
Utilized capital loss carryforwards
|
$
|
10,016
|
$
|
4,774
|
Nuveen Investments
|
91
|
Notes to
|
||
Financial Statements (continued)
|
New York Investment Quality (NQN
|
)
|
|
New York Select Quality (NVN
|
)
|
|
New York Quality Income (NUN
|
)
|
|
Insured New York Premium Income (NNF
|
)
|
|
Average Daily Managed Assets*
|
Fund-Level Fee Rate
|
|
For the first $125 million
|
.4500
|
%
|
For the next $125 million
|
.4375
|
|
For the next $250 million
|
.4250
|
|
For the next $500 million
|
.4125
|
|
For the next $1 billion
|
.4000
|
|
For the next $3 billion
|
.3875
|
|
For managed assets over $5 billion
|
.3750
|
|
Insured New York Dividend Advantage (NKO
|
)
|
|
Insured New York Tax-Free Advantage (NRK
|
)
|
|
Average Daily Managed Assets*
|
Fund-Level Fee Rate
|
|
For the first $125 million
|
.4500
|
%
|
For the next $125 million
|
.4375
|
|
For the next $250 million
|
.4250
|
|
For the next $500 million
|
.4125
|
|
For the next $1 billion
|
.4000
|
|
For managed assets over $2 billion
|
.3750
|
Complex-Level Managed Asset Breakpoint Level*
|
Effective Rate at Breakpoint Level
|
|
$55 billion
|
.2000
|
%
|
$56 billion
|
.1996
|
|
$57 billion
|
.1989
|
|
$60 billion
|
.1961
|
|
$63 billion
|
.1931
|
|
$66 billion
|
.1900
|
|
$71 billion
|
.1851
|
|
$76 billion
|
.1806
|
|
$80 billion
|
.1773
|
|
$91 billion
|
.1691
|
|
$125 billion
|
.1599
|
|
$200 billion
|
.1505
|
|
$250 billion
|
.1469
|
|
$300 billion
|
.1445
|
*
|
For the fund-level and complex-level fees, managed assets include closed-end fund assets managed by the Adviser that are attributable to financial leverage. For these purposes, financial leverage includes the funds’ use of preferred stock and borrowings and certain investments in the residual interest certificates (also called inverse floating rate securities) in tender option bond (TOB) trusts, including the portion of assets held by a TOB trust that has been effectively financed by the trust’s issuance of floating rate securities, subject to an agreement by the Adviser as to certain funds to limit the amount of such assets for determining managed assets in certain circumstances. The complex-level fee is calculated based upon the aggregate daily managed assets of all Nuveen Funds that constitute “eligible assets.” Eligible assets do not include assets attributable to investments in other Nuveen Funds or assets in excess of $2 billion added to the Nuveen Fund complex in connection with the Adviser’s assumption of the management of the former First American Funds effective January 1, 2011. As of September 30, 2011, the complex-level fee rate for these Funds was .1785%.
|
92
|
Nuveen Investments
|
Year Ending
|
Year Ending
|
||||
March 31,
|
March 31,
|
||||
2002*
|
.30
|
%
|
2008
|
.25
|
%
|
2003
|
.30
|
2009
|
.20
|
||
2004
|
.30
|
2010
|
.15
|
||
2005
|
.30
|
2011
|
.10
|
||
2006
|
.30
|
2012
|
.05
|
||
2007
|
.30
|
*
|
From the commencement of operations.
|
Year Ending
|
Year Ending
|
||||
November 30,
|
November 30,
|
||||
2002*
|
.32
|
%
|
2007
|
.32
|
%
|
2003
|
.32
|
2008
|
.24
|
||
2004
|
.32
|
2009
|
.16
|
||
2005
|
.32
|
2010
|
.08
|
||
2006
|
.32
|
*
|
From the commencement of operations.
|
•
|
Insured New York Premium Income (NNF) will change to Nuveen New York Premium Income Municipal Fund, Inc. (NNF),
|
•
|
Insured New York Dividend Advantage (NKO) will change to Nuveen New York Dividend Advantage Municipal Income Fund (NKO) and
|
•
|
Insured New York Tax-Free Advantage (NRK) will change to and Nuveen New York AMT-Free Municipal Income Fund (NRK).
|
Nuveen Investments
|
93
|
The management of the Funds, including general supervision of the duties performed for the Funds by the Adviser, is the responsibility of the board members of the Funds. The number of board members of the Funds is currently set at ten. None of the board members who are not “interested” persons of the Funds (referred to herein as “independent board members”) has ever been a director or employee of, or consultant to, Nuveen or its affiliates. The names and business addresses of the board members and officers of the Funds, their principal occupations and other affiliations during the past five years, the number of portfolios each oversees and other directorships they hold are set forth below.
|
Name,
Birthdate
& Address
|
Position(s) Held
with the Funds
|
Year First
Elected or
Appointed
and Term(1)
|
Principal
Occupation(s)
including other
Directorships
During Past 5 Years
|
Number
of Portfolios
in Fund Complex
Overseen by
Board Member
|
|||||
Independent Board Members:
|
|||||||||
■
|
ROBERT P. BREMNER(2)
8/22/40
333 W. Wacker Drive
Chicago, IL 60606
|
Chairman of the Board and Board Member
|
1996
Class III
|
Private Investor and Management Consultant; Treasurer and Director, Humanities Council of Washington, D.C.; Board Member, Independent Directors Council affiliated with the Investment Company Institute.
|
240
|
||||
■
|
JACK B. EVANS
10/22/48
333 W. Wacker Drive
Chicago, IL 60606
|
Board Member
|
1999
Class III
|
President, The Hall-Perrine Foundation, a private philanthropic corporation (since 1996); Director and Chairman, United Fire Group, a publicly held company; member of the Board of Regents for the State of Iowa University System; Director, Source Media Group; Life Trustee of Coe College and the Iowa College Foundation; formerly, Director, Alliant Energy; formerly, Director, Federal Reserve Bank of Chicago; formerly, President and Chief Operating Officer, SCI Financial Group, Inc., a regional financial services firm.
|
240
|
||||
■
|
WILLIAM C. HUNTER
3/6/48
333 W. Wacker Drive
Chicago, IL 60606
|
Board Member
|
2004
Class I
|
Dean, Tippie College of Business, University of Iowa (since 2006); Director (since 2004) of Xerox Corporation; Director (since 2005), Beta Gamma Sigma International Honor Society; Director of Wellmark, Inc. (since 2009); formerly, Dean and Distinguished Professor of Finance, School of Business at the University of Connecticut (2003-2006); previously, Senior Vice President and Director of Research at the Federal Reserve Bank of Chicago (1995-2003); formerly, Director (1997-2007), Credit Research Center at Georgetown University.
|
240
|
||||
■
|
DAVID J. KUNDERT(2)
10/28/42
333 W. Wacker Drive
Chicago, IL 60606
|
Board Member
|
2005
Class II
|
Director, Northwestern Mutual Wealth Management Company; retired (since 2004) as Chairman, JPMorgan Fleming Asset Management, President and CEO, Banc One Investment Advisors Corporation, and President, One Group Mutual Funds; prior thereto, Executive Vice President, Banc One Corporation and Chairman and CEO, Banc One Investment Management Group; Member, Board of Regents, Luther College; member of the Wisconsin Bar Association; member of Board of Directors, Friends of Boerner Botanical Gardens; member of Board of Directors and Chair of Investment Committee, Greater Milwaukee Foundation.
|
240
|
||||
■
|
WILLIAM J. SCHNEIDER(2)
9/24/44
333 W. Wacker Drive
Chicago, IL 60606
|
Board Member
|
1996
Class III
|
Chairman of Miller-Valentine Partners Ltd., a real estate investment company; formerly, Senior Partner and Chief Operating Officer (retired 2004) of Miller-Valentine Group; member, University of Dayton Business School Advisory Council;member, Mid-America Health System Board; formerly, member and chair, Dayton Philharmonic Orchestra Association; formerly, member, Business Advisory Council, Cleveland Federal Reserve Bank.
|
240
|
94
|
Nuveen Investments
|
Name,
Birthdate
& Address
|
Position(s) Held
with the Funds
|
Year First
Elected or
Appointed
and Term(1)
|
Principal
Occupation(s)
Including other
Directorships
During Past 5 Years
|
Number
of Portfolios
in Fund Complex
Overseen by
Board Member
|
|||||
Independent Board Members:
|
|||||||||
■
|
JUDITH M. STOCKDALE
12/29/47
333 W. Wacker Drive
Chicago, IL 60606
|
Board Member
|
1997
Class I
|
Executive Director, Gaylord and Dorothy Donnelley Foundation (since 1994); prior thereto, Executive Director, Great Lakes Protection Fund (1990-1994).
|
240
|
||||
■
|
CAROLE E. STONE(2)
6/28/47
333 W. Wacker Drive
Chicago, IL 60606
|
Board Member
|
2007
Class I
|
Director, Chicago Board Options Exchange (since 2006); Director, C2 Options Exchange, Incorporated (since 2009); formerly, Commissioner, New York State Commission on Public Authority Reform (2005-2010); formerly, Chair, New York Racing Association Oversight Board (2005-2007).
|
240
|
||||
■
|
VIRGINIA L. STRINGER
8/16/44
333 W. Wacker Drive
Chicago, IL 60606
|
Board Member
|
2011
|
Board Member, Mutual Fund Directors Forum; Member, Governing Board, Investment Company Institute’s Independent Directors Council; governance consultant and non-profit board member; former Owner and President, Strategic Management Resources, Inc. a management consulting firm; previously, held several executive positions in general management, marketing and human resources at IBM and The Pillsbury Company; Independent Director, First American Fund Complex (1987-2010) and Chair (1997-2010).
|
240
|
||||
■
|
TERENCE J. TOTH(2)
9/29/59
333 W. Wacker Drive
Chicago, IL 60606
|
Board Member
|
2008
Class II
|
Director, Legal & General Investment Management America, Inc. (since 2008); Managing Partner, Promus Capital (since 2008); formerly, CEO and President, Northern Trust Global Investments (2004-2007); Executive Vice President, Quantitative Management & Securities Lending (2000-2004); prior thereto, various positions with Northern Trust Company (since 1994); member: Goodman Theatre Board (since 2004), Chicago Fellowship Board (since 2005) and Catalyst Schools of Chicago Board (since 2008); formerly, member: Northern Trust Mutual Funds Board (2005-2007), Northern Trust Global Investments Board (2004-2007), Northern Trust Japan Board (2004-2007), Northern Trust Securities Inc. Board (2003-2007) and Northern Trust Hong Kong Board (1997-2004).
|
240
|
Interested Board Member:
|
|||||||||
■
|
JOHN P. AMBOIAN(3)
6/14/61
333 W. Wacker Drive
Chicago, IL 60606
|
Board Member
|
2008
Class II
|
Chief Executive Officer and Chairman (since 2007) and Director (since 1999) of Nuveen Investments, Inc., formerly, President (1999-2007); Chief Executive Officer (since 2007) of Nuveen Investments Advisers, Inc.; Director (since 1998) formerly, Chief Executive Officer (2007-2010) of Nuveen Fund Advisors, Inc.
|
240
|
Nuveen Investments
|
95
|
Name,
Birthdate
and Address
|
Position(s) Held
with the Funds
|
Year First
Elected or
Appointed(4)
|
Principal
Occupation(s)
During Past 5 Years
|
Number
of Portfolios
in Fund Complex
Overseen
by Officer
|
|||||
Officers of the Funds:
|
|||||||||
■
|
GIFFORD R. ZIMMERMAN
9/9/56
333 W. Wacker Drive
Chicago, IL 60606
|
Chief
Administrative
Officer
|
1988
|
Managing Director (since 2002), Assistant Secretary and Associate General Counsel of Nuveen Securities, LLC; Managing Director (since 2004) and Assistant Secretary (since 1994) of Nuveen Investments, Inc.; Managing Director (since 2002), Assistant Secretary (since 1997) and Co-General Counsel (since 2011) of Nuveen Fund Advisors, Inc.; Managing Director, Assistant Secretary and Associate General Counsel of Nuveen Asset Management, LLC (since 2011); Managing Director, Associate General Counsel and Assistant Secretary, of Symphony Asset Management LLC (since 2003); Vice President and Assistant Secretary of NWQ Investment Management Company, LLC (since 2002), Nuveen Investments Advisers Inc. (since 2002), Tradewinds Global Investors LLC, and Santa Barbara Asset Management, LLC (since 2006), Nuveen HydePark Group LLC and Nuveen Investment Solutions, Inc. (since 2007) and of Winslow Capital Management Inc. (since 2010); Chief Administrative Officer and Chief Compliance Officer (since 2010) of Nuveen Commodities Asset Management, LLC; Chartered Financial Analyst.
|
240
|
||||
■
|
WILLIAM ADAMS IV
6/9/55
333 W. Wacker Drive
Chicago, IL 60606
|
Vice President
|
2007
|
Senior Executive Vice President, Global Structured Products (since 2010), formerly, Executive Vice President (1999-2010) of Nuveen Securities, LLC; Co-President of Nuveen Fund Advisors, Inc. (since 2011); formerly, Managing Director (2010-2011) of Nuveen Commodities Asset Management, LLC.
|
133
|
||||
■
|
CEDRIC H. ANTOSIEWICZ
1/11/62
333 W. Wacker Drive
Chicago, IL 60606
|
Vice President
|
2007
|
Managing Director of Nuveen Securities, LLC.
|
133
|
||||
|
|||||||||
■
|
MARGO L. COOK
4/11/64
333 W. Wacker Drive
Chicago, IL 60606
|
Vice President
|
2009
|
Executive Vice President (since 2008) of Nuveen Investments, Inc. and of Nuveen Fund Advisors, Inc. (since 2011); Managing Director-Investment Services of Nuveen Commodities Asset Management, LLC (since August 2011), previously, Head of Institutional Asset Management (2007-2008) of Bear Stearns Asset Management; Head of Institutional Asset Management (1986-2007) of Bank of NY Mellon; Chartered Financial Analyst.
|
240
|
||||
■
|
LORNA C. FERGUSON
10/24/45
333 W. Wacker Drive
Chicago, IL 60606
|
Vice President
|
1998
|
Managing Director (since 2005) of Nuveen Fund Advisors, Inc. and Nuveen Securities, LLC (since 2004).
|
240
|
||||
|
|||||||||
■
|
STEPHEN D. FOY
5/31/54
333 W. Wacker Drive
Chicago, IL 60606
|
Vice President
and Controller
|
1998
|
Senior Vice President (since 2010), formerly, Vice President (2005-2010) and Funds Controller of Nuveen Securities, LLC; Vice President of Nuveen Fund Advisors, Inc.; Chief Financial Officer of Nuveen Commodities Asset Management, LLC; (since 2010) Certified Public Accountant.
|
240
|
96
|
Nuveen Investments
|
Name,
Birthdate
and Address
|
Position(s) Held
with the Funds
|
Year First
Elected or
Appointed(4)
|
Principal
Occupation(s)
During Past 5 Years
|
Number
of Portfolios
in Fund Complex
Overseen
by Officer
|
|||||
Officers of the Funds:
|
|||||||||
■
|
SCOTT S. GRACE
8/20/70
333 W. Wacker Drive
Chicago, IL 60606
|
Vice President
and Treasurer
|
2009
|
Managing Director, Corporate Finance & Development, Treasurer (since 2009) of Nuveen Securities, LLC; Managing Director and Treasurer (since 2009) of Nuveen Fund Advisors, Inc., Nuveen Investment Solutions, Inc., Nuveen Investments Advisers, Inc., Nuveen Investments Holdings Inc. and (since 2011) Nuveen Asset Management, LLC; Vice President and Treasurer of NWQ Investment Management Company, LLC, Tradewinds Global Investors, LLC, Symphony Asset Management LLC and Winslow Capital Management, Inc.; Vice President of Santa Barbara Asset Management, LLC; formerly, Treasurer (2006-2009), Senior Vice President (2008-2009), previously, Vice President (2006-2008) of Janus Capital Group, Inc.; formerly, Senior Associate in Morgan Stanley’s Global Financial Services Group (2000-2003); Chartered Accountant Designation.
|
240
|
||||
■
|
WALTER M. KELLY
2/24/70
333 W. Wacker Drive
Chicago, IL 60606
|
Chief Compliance
Officer and
Vice President
|
2003
|
Senior Vice President (since 2008) and Assistant Secretary (since 2003) of Nuveen Fund Advisors, Inc.
|
240
|
||||
|
|||||||||
■
|
TINA M. LAZAR
8/27/61
333 W. Wacker Drive
Chicago, IL 60606
|
Vice President
|
2002
|
Senior Vice President (since 2010), formerly, Vice President (2005-2010) of Nuveen Fund Advisors, Inc.
|
240
|
||||
■
|
LARRY W. MARTIN
7/27/51
333 W. Wacker Drive
Chicago, IL 60606
|
Vice President and
Assistant Secretary
|
1997
|
Senior Vice President (since 2010), formerly, Vice President (1993-2010), Assistant Secretary and Assistant General Counsel of Nuveen Securities, LLC; Senior Vice President (since 2011) of Nuveen Asset Management, LLC: Senior Vice President (since 2010), formerly, Vice President (2005-2010), and Assistant Secretary of Nuveen Investments, Inc.; Senior Vice President (since 2010), formerly Vice President (2005-2010), and Assistant Secretary (since 1997) of Nuveen Fund Advisors, Inc., Vice President and Assistant Secretary of Nuveen Investments Advisers Inc. (since 2002), NWQ Investment Management Company, LLC, Symphony Asset Management, LLC (since 2003), Tradewinds Global Investors, LLC, Santa Barbara Asset Management LLC (since 2006), Nuveen HydePark Group, LLC and Nuveen Investment Solutions, Inc. (since 2007), and of Winslow Capital Management, Inc. (since 2010); Vice President and Assistant Secretary of Nuveen Commodities Asset Management, LLC (since 2010).
|
240
|
||||
■
|
KEVIN J. MCCARTHY
3/26/66
333 W. Wacker Drive
Chicago, IL 60606
|
Vice President
and Secretary
|
2007
|
Managing Director (since 2008), formerly, Vice President (2007-2008), Nuveen Securities, LLC; Managing Director (since 2008), Assistant Secretary (since 2007) and Co-General Counsel (since 2011) of Nuveen Fund Advisors, Inc.; Managing Director, Assistant Secretary and Associate General Counsel (since 2011) of Nuveen Asset Management, LLC; Managing Director (since 2008), and Assistant Secretary, Nuveen Investment Holdings, Inc.; Vice President (since 2007) and Assistant Secretary of Nuveen Investments Advisers Inc., NWQ Investment Management Company, LLC, Tradewinds Global Investors LLC, NWQ Holdings, LLC, Symphony Asset Management LLC, Santa Barbara Asset Management, LLC, Nuveen HydePark Group, LLC, Nuveen Investment Solutions, Inc. (since 2007) and of Winslow Capital Management, Inc. (since 2010); Vice President and Secretary (since 2010) of Nuveen Commodities Asset Management, LLC; prior thereto, Partner, Bell, Boyd & Lloyd LLP (1997-2007).
|
240
|
Nuveen Investments
|
97
|
Name,
Birthdate
and Address
|
Position(s) Held
with the Funds
|
Year First
Elected or
Appointed(4)
|
Principal
Occupation(s)
During Past 5 Years
|
Number
of Portfolios
in Fund Complex
Overseen
by Officer
|
|||||
Officers of the Funds:
|
|||||||||
■
|
KATHLEEN L. PRUDHOMME
3/30/53
800 Nicollet Mall
Minneapolis, MN 55402
|
Vice President and
Assistant Secretary
|
2011
|
Managing Director, Assistant Secretary and Co-General Counsel (since 2011) of Nuveen Fund Advisors, Inc.; Managing Director, Assistant Secretary and Associate General Counsel (since 2011) of Nuveen Asset Management, LLC; Managing Director and Assistant Secretary (since 2011) of Nuveen Securities, LLC; formerly, Deputy General Counsel, FAF Advisors, Inc. (2004-2010).
|
240
|
(1)
|
Board Members serve three year terms. The Board of Trustees is divided into three classes. Class I, Class II, and Class III, with each being elected to serve until the third succeeding annual shareholders’ meeting subsequent to its election or thereafter in each case when its respective successors are duly elected or appointed. The first year elected or appointed represents the year in which the board member was first elected or appointed to any fund in the Nuveen Complex.
|
(2)
|
Also serves as a trustee of the Nuveen Diversified Commodity Fund, an exchange-traded commodity pool managed by Nuveen Commodities Asset Management, LLC, an affiliate of the Adviser.
|
(3)
|
Mr. Amboian is an interested trustee because of his position with Nuveen Investments, Inc. and certain of its subsidiaries, which are affiliates of the Nuveen Funds.
|
(4)
|
Officers serve one year terms through August of each year. The year first elected or appointed represents the year in which the Officer was first elected or appointed to any fund in the Nuveen Complex.
|
98
|
Nuveen Investments
|
Nuveen Investments
|
99
|
100
|
Nuveen Investments
|
Nuveen Investments
|
101
|
102
|
Nuveen Investments
|
1. Fees and Expenses
|
|
The Board evaluated the management fees and expenses of each Fund reviewing, among other things, such Fund’s gross management fees, net management fees and net expense ratios in absolute terms as well as compared to the fee and expenses of a comparable universe of funds based on data provided by an independent fund data provider (the “Peer Universe”) and in certain cases, to a more focused subset of funds in the Peer Universe (the “Peer Group”) and any expense limitations.
|
|
The Independent Board Members further reviewed the methodology regarding the construction of the applicable Peer Universe and Peer Group (if any). In reviewing the comparisons of fee and expense information, the Independent Board Members took into account that in certain instances various factors such as: the asset level of a fund relative to peers; the limited size and particular composition of the Peer Universe or Peer Group; the investment objectives of the peers; expense anomalies; changes in the funds comprising the Peer Universe or Peer Group from year to year; levels of reimbursement; the timing of information used; the differences in the type and use of leverage; and differences in the states reflected in the Peer Universe or Peer Group may impact the comparative data thereby limiting the ability to make a meaningful comparison with peers, including for the Nuveen Insured New York Dividend Advantage Municipal Fund (the “Insured Dividend Advantage Fund”) and the Nuveen Insured New York Tax-Free Advantage Municipal Fund (the “Insured Tax-Free Advantage Fund”).
|
|
In reviewing the fee schedule for a Fund, the Independent Board Members also considered the fund-level and complex-wide breakpoint schedules (described in further detail below) and any fee waivers and reimbursements provided by Nuveen (applicable, in particular, for certain closed-end funds launched since 1999). In reviewing fees and expenses, the Board considered the expenses and fees to be higher if they were over 10 basis points higher, slightly higher if they were 6 to 10 basis points higher, in line if they were within 5 basis points higher than the peer average and below if they were below the peer average of the Peer Group (if available) or Peer Universe if there was no separate Peer Group.
|
Nuveen Investments
|
103
|
The Independent Board Members observed that the Insured Tax-Free Advantage Fund and the Insured Dividend Advantage Fund each had net management fees and net expense ratios below their peer averages. In addition, they noted that the other Funds had net management fees higher than their peer average, but a net expense ratio below their peer average.
|
|
Based on their review of the fee and expense information provided, the Independent Board Members determined that each Fund’s management fees were reasonable in light of the nature, extent and quality of services provided to the Fund. | |
2. Comparisons with the Fees of Other Clients
|
|
The Independent Board Members further reviewed information regarding the nature of services and fee rates offered by the Advisor to other clients, including municipal separately managed accounts and passively managed exchange traded funds (ETFs) sub-advised by the Advisor. In evaluating the comparisons of fees, the Independent Board Members noted that the fee rates charged to the Funds and other clients vary, among other things, because of the different services involved and the additional regulatory and compliance requirements associated with registered investment companies, such as the Funds. Accordingly, the Independent Board Members considered the differences in the product types, including, but not limited to, the services provided, the structure and operations, product distribution and costs thereof, portfolio investment policies, investor profiles, account sizes and regulatory requirements. The Independent Board Members noted, in particular, that the range of services provided to the Funds (as discussed above) is much more extensive than that provided to separately managed accounts. Given the inherent differences in the products, particularly the extensive services provided to the Funds, the Independent Board Members believe such facts justify the different levels of fees.
|
|
In considering the fees of the Sub-Advisor, the Independent Board Members also considered the pricing schedule or fees that the Sub-Advisor charges for similar investment management services for other Nuveen funds.
|
|
3. Profitability of Fund Advisers
|
|
In conjunction with its review of fees, the Independent Board Members also considered the profitability of Nuveen for its advisory activities (which incorporated Nuveen’s wholly-owned affiliated sub-advisers) and its financial condition. The Independent Board Members reviewed the revenues and expenses of Nuveen’s advisory activities for the last two years, the allocation methodology used in preparing the profitability data and an analysis of the key drivers behind the changes in revenues and expenses that impacted profitability in 2010. The Independent Board Members noted this information supplemented the profitability information requested and received during the year to help keep them apprised of developments affecting profitability (such as changes in fee waivers and expense reimbursement commitments). In this regard, the Independent Board Members noted that they have an Independent Board Member serve as a point person to
|
104
|
Nuveen Investments
|
review and keep them apprised of changes to the profitability analysis and/or methodologies during the year. The Independent Board Members also considered Nuveen’s revenues for advisory activities, expenses, and profit margin compared to that of various unaffiliated management firms with similar amounts of assets under management and relatively comparable asset composition prepared by Nuveen.
|
|
In reviewing profitability, the Independent Board Members recognized the subjective nature of determining profitability which may be affected by numerous factors including the allocation of expenses. Further, the Independent Board Members recognized the difficulties in making comparisons as the profitability of other advisers generally is not publicly available and the profitability information that is available for certain advisers or management firms may not be representative of the industry and may be affected by, among other things, the adviser’s particular business mix, capital costs, types of funds managed and expense allocations. Notwithstanding the foregoing, the Independent Board Members reviewed Nuveen’s methodology and assumptions for allocating expenses across product lines to determine profitability. In reviewing profitability, the Independent Board Members recognized Nuveen’s investment in its fund business. Based on their review, the Independent Board Members concluded that the Advisor’s level of profitability for its advisory activities was reasonable in light of the services provided.
|
|
|
|
In evaluating the reasonableness of the compensation, the Independent Board Members also considered other amounts paid to a Fund Adviser by the Funds as well as any indirect benefits (such as soft dollar arrangements, if any) the Fund Adviser and its affiliates receive, or are expected to receive, that are directly attributable to the management of the Funds, if any. See Section E below for additional information on indirect benefits a Fund Adviser may receive as a result of its relationship with the Funds. Based on their review of the overall fee arrangements of each Fund, the Independent Board Members determined that the advisory fees and expenses of the respective Fund were reasonable.
|
Nuveen Investments
|
105
|
106
|
Nuveen Investments
|
Nuveen Investments
|
107
|
108
|
Nuveen Investments
|
Nuveen Investments
|
109
|
■
|
Auction Rate Bond: An auction rate bond is a security whose interest payments are adjusted periodically through an auction process, which process typically also serves as a means for buying and selling the bond. Auctions that fail to attract enough buyers for all the shares offered for sale are deemed to have “failed,” with current holders receiving a formula-based interest rate until the next scheduled auction.
|
■
|
Average Annual Total Return: This is a commonly used method to express an investment’s performance over a particular, usually multi-year time period. It expresses the return that would have been necessary each year to equal the investment’s actual cumulative performance (including change in NAV or market price and reinvested dividends and capital gains distributions, if any) over the time period being considered.
|
■
|
Average Effective Maturity: The market-value-weighted average of the effective maturity dates of the individual securities including cash. In the case of a bond that has been advance-refunded to a call date, the effective maturity is the date on which the bond is scheduled to be redeemed using the proceeds of an escrow account. In most other cases the effective maturity is the stated maturity date of the security.
|
■
|
Effective Leverage: Effective leverage is a Fund’s effective economic leverage, and includes both structural leverage and the leverage effects of certain derivative investments in the Fund’s portfolio. Currently, the leverage effects of Tender Option Bond (TOB) inverse floater holdings are included in effective leverage values, in addition to any structural leverage.
|
■
|
Inverse Floaters: Inverse floating rate securities, also known as inverse floaters, are created by depositing a municipal bond, typically with a fixed interest rate, into a special purpose trust created by a broker-dealer. This trust, in turn, (a) issues floating rate certificates typically paying short-term tax-exempt interest rates to third parties in amounts equal to some fraction of the deposited bond’s par amount or market value, and (b) issues an inverse floating rate certificate (sometimes referred to as an “inverse floater”) to an investor (such as a Fund) interested in gaining investment exposure to a long-term municipal bond. The income received by the holder of the inverse floater varies inversely with the short-term rate paid to the floating rate certificates’ holders, and in most circumstances the holder of the inverse floater bears substantially all of the underlying bond’s downside investment risk. The holder of the inverse floater typically also benefits disproportionately from any potential appreciation of the underlying bond’s value. Hence, an inverse floater essentially represents an investment in the underlying bond on a leveraged basis.
|
■
|
Leverage: Using borrowed money to invest in securities or other assets.
|
■
|
Leverage-Adjusted Duration: Duration is a measure of the expected period over which a bond’s principal and interest will be paid, and consequently is a measure of the sensitivity of a bond’s or bond Fund’s value to changes when market interest rates change. Generally, the longer a bond’s or Fund’s duration, the more the price of the bond or Fund will change as interest rates change. Leverage-adjusted duration takes into account the leveraging process for a Fund and therefore is longer than the duration of the Fund’s portfolio of bonds.
|
110
|
Nuveen Investments
|
■
|
Lipper Single-State Insured Municipal Debt Classification Average: Calculated using the returns of all closed-end funds in this category for each period as follows: 1-year, 13 funds; 5-year, 13 funds; and 10-year, 8 funds. The Lipper Single-State Insured Municipal Debt Classification Average represents the overall average of returns for funds from eight different states and a wide variety of municipal market conditions. Lipper returns account for the effects of management fees and assume reinvestment of dividends, but do not reflect any applicable sales charges. The Lipper average is not available for direct investment.
|
■
|
Market Yield (also known as Dividend Yield or Current Yield): An investment’s current annualized dividend divided by its current market price.
|
■
|
Net Asset Value (NAV): The net market value of all securities held in a portfolio.
|
■
|
Net Asset Value (NAV) Per Share: The market value of one share of a mutual fund or closed-end fund. For a Fund, the NAV is calculated daily by taking the Fund’s total assets (securities, cash, and accrued earnings), subtracting the Fund’s liabilities, and dividing by the number of shares outstanding.
|
■
|
Pre-Refunding: Pre-Refunding, also known as advanced refundings or refinancings, is a procedure used by state and local governments to refinance municipal bonds to lower interest expenses. The issuer sells new bonds with a lower yield and uses the proceeds to buy U.S. Treasury securities, the interest from which is used to make payments on the higher-yielding bonds. Because of this collateral, pre-refunding generally raises a bond’s credit rating and thus its value.
|
■
|
Standard & Poor’s (S&P) Insured National Municipal Bond Index: An unleveraged, market value-weighted index designed to measure the performance of the tax-exempt, insured U.S. municipal bond market. The index returns assume reinvestment of dividends, but do not reflect any applicable sales charges. You cannot invest directly in an index.
|
■
|
Standard & Poor’s (S&P) New York Municipal Bond Index: An unleveraged, market value-weighted index designed to measure the performance of the tax-exempt, investment-grade New York municipal bond market. The index returns assume reinvestment of dividends, but do not reflect any applicable sales charges. You cannot invest directly in an index.
|
■
|
Structural Leverage: Structural Leverage consists of preferred shares or debt issued by the Fund. Both of these are part of a Fund’s capital structure. Structural leverage is sometimes referred to as “‘40 Act Leverage” and is subject to asset coverage limits set in the Investment Company Act of 1940.
|
■
|
Taxable-Equivalent Yield: The yield necessary from a fully taxable investment to equal, on an after-tax basis, the yield of a municipal bond investment.
|
■
|
Zero Coupon Bond: A zero coupon bond does not pay a regular interest coupon to its holders during the life of the bond. Tax-exempt income to the holder of the bond comes from accretion of the difference between the original purchase price of the bond at issuance and the par value of the bond at maturity and is effectively paid at maturity. The market prices of zero coupon bonds generally are more volatile than the market prices of bonds that pay interest periodically.
|
Nuveen Investments
|
111
|
112
|
Nuveen Investments
|
Nuveen Investments
|
113
|
114
|
Nuveen Investments
|
Common Shares
|
Preferred Shares
|
||||||
Fund
|
Repurchased
|
Redeemed
|
|||||
NQN
|
—
|
—
|
|||||
NVN
|
—
|
—
|
|||||
NUN
|
—
|
6,431
|
|||||
NNF
|
—
|
2,014
|
* | ||||
NKO
|
—
|
—
|
|||||
NRK
|
—
|
—
|
*
|
Includes auction rate preferred shares noticed for redemption at the end of the reporting period.
|
Nuveen Investments
|
115
|
Audit Fees Billed
|
Audit-Related Fees
|
Tax Fees
|
All Other Fees
|
||||||||||||
Fiscal Year Ended
|
to Fund 1
|
Billed to Fund 2
|
Billed to Fund 3
|
Billed to Fund 4
|
|||||||||||
September 30, 2011
|
$ | 18,200 | $ | 0 | $ | 0 | $ | 0 | |||||||
Percentage approved
|
0 | % | 0 | % | 0 | % | 0 | % | |||||||
pursuant to
|
|||||||||||||||
pre-approval
|
|||||||||||||||
exception
|
|||||||||||||||
September 30, 2010
|
$ | 12,885 | $ | 1,500 | $ | 0 | $ | 0 | |||||||
Percentage approved
|
0 | % | 0 | % | 0 | % | 0 | % | |||||||
pursuant to
|
|||||||||||||||
pre-approval
|
|||||||||||||||
exception
|
|||||||||||||||
1 "Audit Fees" are the aggregate fees billed for professional services for the audit of the Fund's annual financial statements and services
|
|||||||||||||||
provided in connection with statutory and regulatory filings or engagements.
|
|||||||||||||||
2 "Audit Related Fees" are the aggregate fees billed for assurance and related services reasonably related to the performance of the
|
|||||||||||||||
audit or review of financial statements and are not reported under "Audit Fees".
|
|||||||||||||||
3 "Tax Fees" are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning.
|
|||||||||||||||
4 "All Other Fees" are the aggregate fees billed for products and services for agreed upon procedures engagements performed for leveraged funds.
|
Fiscal Year Ended
|
Audit-Related Fees
|
Tax Fees Billed to
|
All Other Fees
|
||||||||
Billed to Adviser and
|
Adviser and
|
Billed to Adviser
|
|||||||||
Affiliated Fund
|
Affiliated Fund
|
and Affiliated Fund
|
|||||||||
Service Providers
|
Service Providers
|
Service Providers
|
|||||||||
September 30, 2011
|
$ | 0 | $ | 0 | $ | 0 | |||||
Percentage approved
|
0 | % | 0 | % | 0 | % | |||||
pursuant to
|
|||||||||||
pre-approval
|
|||||||||||
exception
|
|||||||||||
September 30, 2010
|
$ | 0 | $ | 0 | $ | 0 | |||||
Percentage approved
|
0 | % | 0 | % | 0 | % | |||||
pursuant to
|
|||||||||||
pre-approval
|
|||||||||||
exception
|
Fiscal Year Ended
|
Total Non-Audit Fees
|
||||||||||||||
billed to Adviser and
|
|||||||||||||||
Affiliated Fund Service
|
Total Non-Audit Fees
|
||||||||||||||
Providers (engagements
|
billed to Adviser and
|
||||||||||||||
related directly to the
|
Affiliated Fund Service
|
||||||||||||||
Total Non-Audit Fees
|
operations and financial
|
Providers (all other
|
|||||||||||||
Billed to Fund
|
reporting of the Fund)
|
engagements)
|
Total
|
||||||||||||
September 30, 2011
|
$ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||
September 30, 2010
|
$ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||
"Non-Audit Fees billed to Fund" for both fiscal year ends represent "Tax Fees" and "All Other Fees" billed to Fund in their respective
|
|||||||||||||||
amounts from the previous table.
|
Name
|
Fund
|
Scott R. Romans
|
Nuveen Insured New York Dividend Advantage Municipal Fund
|
Portfolio Manager
|
Type of Account
Managed
|
Number of
Accounts
|
Assets
|
Scott R. Romans
|
Registered Investment Company
|
32
|
$6.31 billion
|
Other Pooled Investment Vehicles
|
0
|
$0
|
|
Other Accounts
|
2
|
$.6 million
|
*
|
Assets are as of September 30, 2011. None of the assets in these accounts are subject to an advisory fee based on performance.
|
Name of Portfolio Manager
|
Fund
|
Dollar range of
equity securities
beneficially owned
in Fund
|
Dollar range of equity
securities beneficially
owned in the remainder of
Nuveen funds managed by
NAM’s municipal
investment team
|
Scott R. Romans
|
Nuveen Insured New York Dividend Advantage Municipal Fund
|
$0
|
$0
|
(a)
|
The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (17 CFR 240.13a-15(b) or 240.15d-15(b)).
|
(b)
|
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.
|
(a)(1)
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Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements through filing of an exhibit: Not applicable because the code is posted on registrant's website at www.nuveen.com/CEF/Info/ Shareholder and there were no amendments during the period covered by this report. (To view the code, click on Fund Governance and then Code of Conduct.)
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(a)(2)
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A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)) in the exact form set forth below: Ex-99.CERT Attached hereto.
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(a)(3)
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Any written solicitation to purchase securities under Rule 23c-1 under the 1940 Act (17 CFR 270.23c-1) sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons. Not applicable.
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(b)
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If the report is filed under Section 13(a) or 15(d) of the Exchange Act, provide the certifications required by Rule 30a-2(b) under the 1940 Act (17 CFR 270.30a-2(b)); Rule 13a-14(b) or Rule 15d-14(b) under the Exchange Act (17 CFR 240.13a-14(b) or 240.15d-14(b)), and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) as an exhibit. A certification furnished pursuant to this paragraph will not be deemed “filed” for purposes of Section 18 of the Exchange Act (15 U.S.C. 78r), or otherwise subject to the liability of that section. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except to the extent that the registrant specifically incorporates it by reference. Ex-99.906 CERT attached hereto.
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