Chairman's Letter to Shareholders
|
4
|
Portfolio Managers' Comments
|
5
|
Fund Leverage
|
11
|
Common Share Information
|
12
|
Risk Considerations
|
14
|
Performance Overview and Holding Summaries
|
16
|
Shareholder Meeting Report
|
26
|
Report of Independent Registered Public Accounting Firm
|
28
|
Portfolios of Investments
|
29
|
Statement of Assets and Liabilities
|
108
|
Statement of Operations
|
109
|
Statement of Changes in Net Assets
|
110
|
Statement of Cash Flows
|
112
|
Financial Highlights
|
114
|
Notes to Financial Statements
|
122
|
Additional Fund Information
|
136
|
Glossary of Terms Used in this Report
|
137
|
Reinvest Automatically, Easily and Conveniently
|
139
|
Annual Investment Management Agreement Approval Process
|
140
|
Board Member & Officers
|
148
|
Nuveen Investments
|
3
|
4
|
Nuveen Investments
|
Target Fund
|
Symbol
|
Acquiring Fund
|
Symbol
|
|
Nuveen Quality Municipal Fund, Inc.
|
NQI
|
Nuveen Dividend Advantage Municipal Income Fund
|
NVG
|
|
Nuveen Municipal Opportunity Fund, Inc.
|
NIO
|
(to be renamed Nuveen Enhanced AMT-Free Municipal
|
||
Nuveen Quality Income Municipal Fund, Inc.
|
NQU
|
Credit Opportunities Fund)
|
Certain statements in this report are forward-looking statements. Discussions of specific investments are for illustration only and are not intended as recommendations of individual investments. The forward-looking statements and other views expressed herein are those of the portfolio managers as of the date of this report. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements, and the views expressed herein are subject to change at any time, due to numerous market and other factors. The Funds disclaim any obligation to update publicly or revise any forward-looking statements or views expressed herein.
|
Nuveen Investments
|
5
|
6
|
Nuveen Investments
|
Nuveen Investments
|
7
|
8
|
Nuveen Investments
|
Nuveen Investments
|
9
|
10
|
Nuveen Investments
|
NQM
|
NQS
|
NQU
|
NPF
|
NMZ
|
||
Effective Leverage*
|
35.86%
|
36.73%
|
36.33%
|
35.27%
|
30.87%
|
|
Regulatory Leverage*
|
29.64%
|
32.79%
|
33.50%
|
30.00%
|
11.28%
|
*
|
Effective Leverage is a Fund's effective economic leverage, and includes both regulatory leverage and the leverage effects of certain derivative and other investments in a Fund's portfolio that increase the Fund's investment exposure. Currently, the leverage effects of Tender Option Bond (TOB) inverse floater holdings are included in effective leverage values, in addition to any regulatory leverage. Regulatory leverage consists of preferred shares issued or borrowings of a Fund. Both of these are part of a Fund's capital structure. Regulatory leverage is subject to asset coverage limits set forth in the Investment Company Act of 1940.
|
VMTP Shares
|
VRDP Shares
|
|||||||||||||||
Shares Issued at
|
Shares Issued at
|
|||||||||||||||
Series
|
Liquidation Value
|
Series
|
Liquidation Value
|
Total
|
||||||||||||
NQM
|
2017
|
$
|
43,500,000
|
1
|
$
|
236,800,000
|
$
|
280,300,000
|
||||||||
NQS
|
—
|
—
|
1
|
$
|
267,500,000
|
$
|
267,500,000
|
|||||||||
NQU
|
—
|
—
|
1
|
$
|
385,400,000
|
$
|
385,400,000
|
|||||||||
NPF
|
—
|
—
|
1
|
$
|
127,700,000
|
$
|
127,700,000
|
|||||||||
NMZ
|
2018
|
$
|
87,000,000
|
—
|
—
|
$
|
87,000,000
|
Nuveen Investments
|
11
|
Per Common Share Amounts
|
||||||||||||||||
Ex-Dividend Date
|
NQM
|
NQS
|
NQU
|
NPF
|
NMZ
|
|||||||||||
November 2014
|
$
|
0.0820
|
$
|
0.0665
|
$
|
0.0685
|
$
|
0.0720
|
$
|
0.0760
|
||||||
December
|
0.0820
|
0.0665
|
0.0685
|
0.0720
|
0.0760
|
|||||||||||
January
|
0.0820
|
0.0665
|
0.0685
|
0.0720
|
0.0760
|
|||||||||||
February
|
0.0820
|
0.0665
|
0.0685
|
0.0720
|
0.0760
|
|||||||||||
March
|
0.0820
|
0.0665
|
0.0685
|
0.0685
|
0.0760
|
|||||||||||
April
|
0.0820
|
0.0665
|
0.0685
|
0.0685
|
0.0760
|
|||||||||||
May
|
0.0820
|
0.0665
|
0.0685
|
0.0685
|
0.0760
|
|||||||||||
June
|
0.0820
|
0.0665
|
0.0685
|
0.0685
|
0.0760
|
|||||||||||
July
|
0.0820
|
0.0665
|
0.0685
|
0.0685
|
0.0760
|
|||||||||||
August
|
0.0820
|
0.0665
|
0.0685
|
0.0685
|
0.0760
|
|||||||||||
September
|
0.0775
|
0.0635
|
0.0685
|
0.0650
|
0.0760
|
|||||||||||
October 2015
|
0.0775
|
0.0635
|
0.0685
|
0.0650
|
0.0760
|
|||||||||||
Ordinary Income Distribution*
|
$
|
0.0019
|
$
|
0.0010
|
$
|
0.0003
|
$
|
0.0003
|
$
|
0.0102
|
||||||
Market Yield**
|
6.08
|
%
|
5.59
|
%
|
5.94
|
%
|
5.90
|
%
|
6.63
|
%
|
||||||
Taxable-Equivalent Yield**
|
8.44
|
%
|
7.76
|
%
|
8.25
|
%
|
8.19
|
%
|
9.21
|
%
|
*
|
Distribution paid in December 2014.
|
**
|
Market Yield is based on the Fund's current annualized monthly dividend divided by the Fund's current market price as of the end of the reporting period. 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 federal income tax rate of 28.0%. When comparing a Fund to investments that generate qualified dividend income, the Taxable-Equivalent Yield is lower.
|
12
|
Nuveen Investments
|
NMZ
|
||
Additional Common Shares Authorized
|
7,700,000
|
NQM
|
NQS
|
NQU
|
NPF
|
NMZ
|
||
Common shares cumulatively repurchased and retired
|
0
|
0
|
21,000
|
202,500
|
0
|
|
Common shares authorized for repurchase
|
4,160,000
|
3,520,000
|
4,895,000
|
1,990,000
|
5,010,000
|
NQU
|
||||
Common shares repurchased and retired
|
21,000
|
|||
Weighted average price per common share repurchased and retired
|
$
|
13.55
|
||
Weighted average discount per common share repurchased and retired
|
12.34
|
%
|
NQM
|
NQS
|
NQU
|
NPF
|
NMZ
|
||||||||||||
Common share NAV
|
$
|
16.01
|
$
|
15.57
|
$
|
15.64
|
$
|
14.98
|
$
|
13.66
|
||||||
Common share price
|
$
|
15.29
|
$
|
13.63
|
$
|
13.83
|
$
|
13.23
|
$
|
13.76
|
||||||
Premium/(Discount) to NAV
|
(4.50
|
)%
|
(12.46
|
)%
|
(11.57
|
)%
|
(11.68
|
)%
|
0.73
|
%
|
||||||
12-month average premium/(discount) to NAV
|
(5.96
|
)%
|
(12.09
|
)%
|
(12.09
|
)%
|
(10.92
|
)%
|
(1.52
|
)%
|
Nuveen Investments
|
13
|
14
|
Nuveen Investments
|
Nuveen Investments
|
15
|
NQM
|
|
Nuveen Investment Quality Municipal Fund, Inc.
|
|
Performance Overview and Holding Summaries as of October 31, 2015
|
Average Annual
|
|||||
1-Year
|
5-Year
|
10-Year
|
|||
NQM at Common Share NAV
|
5.05%
|
7.69%
|
6.60%
|
||
NQM at Common Share Price
|
10.22%
|
7.24%
|
7.14%
|
||
S&P Municipal Bond Index
|
2.87%
|
4.41%
|
4.69%
|
||
Lipper General & Insured Leveraged Municipal Debt Funds Classification Average
|
4.65%
|
7.47%
|
6.22%
|
16
|
Nuveen Investments
|
Fund Allocation
|
|
(% of net assets)
|
|
Long-Term Municipal Bonds
|
147.4%
|
Corporate Bonds
|
0.0%
|
Short-Term Municipal Bonds
|
0.4%
|
Other Assets Less Liabilities
|
2.5%
|
Net Assets Plus Floating Rate Obligations, VMTP Shares, at Liquidation Value VRDP Shares, at Liquidation Value
|
150.3%
|
Floating Rate Obligations
|
(8.2)%
|
VMTP Shares, at Liquidation Value
|
(6.5)%
|
VRDP Shares, at Liquidation Value
|
(35.6)%
|
Net Assets
|
100%
|
Credit Quality
|
|
(% of total investment exposure)
|
|
AAA/U.S. Guaranteed
|
11.7%
|
AA
|
38.4%
|
A
|
25.8%
|
BBB
|
14.2%
|
BB or Lower
|
5.2%
|
N/R (not rated)
|
4.7%
|
Total
|
100%
|
Portfolio Composition
|
|
(% of total investments)
|
|
Health Care
|
20.8%
|
Transportation
|
14.5%
|
Tax Obligation/Limited
|
11.5%
|
Education and Civic Organizations
|
10.3%
|
U.S. Guaranteed
|
9.5%
|
Tax Obligation/General
|
9.3%
|
Utilities
|
7.6%
|
Water and Sewer
|
7.0%
|
Other
|
9.5%
|
Total
|
100%
|
States and Territories
|
|
(% of total municipal bonds)
|
|
California
|
15.5%
|
Texas
|
10.4%
|
Illinois
|
9.5%
|
Florida
|
7.9%
|
Colorado
|
6.2%
|
Pennsylvania
|
3.5%
|
District of Columbia
|
3.4%
|
New York
|
3.3%
|
Ohio
|
3.2%
|
Arizona
|
2.6%
|
Minnesota
|
2.3%
|
Tennessee
|
2.3%
|
Wisconsin
|
2.2%
|
Missouri
|
2.0%
|
South Carolina
|
1.9%
|
Louisiana
|
1.9%
|
Nebraska
|
1.7%
|
Georgia
|
1.6%
|
Other
|
18.6%
|
Total
|
100%
|
Nuveen Investments
|
17
|
NQS
|
|
Nuveen Select Quality Municipal Fund, Inc.
|
|
Performance Overview and Holding Summaries as of October 31, 2015
|
Average Annual
|
|||||
1-Year
|
5-Year
|
10-Year
|
|||
NQS at Common Share NAV
|
4.53%
|
7.49%
|
6.42%
|
||
NQS at Common Share Price
|
3.26%
|
4.28%
|
5.69%
|
||
S&P Municipal Bond Index
|
2.87%
|
4.41%
|
4.69%
|
||
Lipper General & Insured Leveraged Municipal Debt Funds Classification Average
|
4.65%
|
7.47%
|
6.22%
|
18
|
Nuveen Investments
|
Fund Allocation
|
|
(% of net assets)
|
|
Long-Term Municipal Bonds
|
146.4%
|
Corporate Bonds
|
0.0%
|
Other Assets Less Liabilities
|
4.9%
|
Net Assets Plus Floating Rate Obligations & VRDP Shares, at Liquidation Value
|
151.3%
|
Floating Rate Obligations
|
(2.5)%
|
VRDP Shares, at Liquidation Value
|
(48.8)%
|
Net Assets
|
100%
|
Credit Quality
|
|
(% of total investment exposure)
|
|
AAA/U.S. Guaranteed
|
16.7%
|
AA
|
45.5%
|
A
|
21.2%
|
BBB
|
7.9%
|
BB or Lower
|
7.3%
|
N/R (not rated)
|
1.4%
|
Total
|
100%
|
Portfolio Composition
|
|
(% of total investments)
|
|
Transportation
|
20.0%
|
Health Care
|
18.4%
|
Tax Obligation/Limited
|
17.6%
|
Tax Obligation/General
|
13.4%
|
U.S. Guaranteed
|
8.4%
|
Consumer Staples
|
6.3%
|
Utilities
|
6.1%
|
Other
|
9.8%
|
Total
|
100%
|
States and Territories
|
|
(% of total municipal bonds)
|
|
Texas
|
16.4%
|
Illinois
|
14.1%
|
California
|
7.4%
|
Florida
|
5.9%
|
Colorado
|
5.5%
|
Ohio
|
5.3%
|
Nevada
|
3.9%
|
New York
|
3.9%
|
Michigan
|
3.6%
|
New Jersey
|
3.2%
|
South Carolina
|
2.7%
|
Pennsylvania
|
2.6%
|
Indiana
|
2.4%
|
Missouri
|
2.3%
|
North Carolina
|
1.7%
|
Other
|
19.1%
|
Total
|
100%
|
Nuveen Investments
|
19
|
NQU
|
|
Nuveen Quality Income Municipal Fund, Inc.
|
|
Performance Overview and Holding Summaries as of October 31, 2015
|
Average Annual
|
|||||
1-Year
|
5-Year
|
10-Year
|
|||
NQU at Common Share NAV
|
5.04%
|
7.21%
|
6.14%
|
||
NQU at Common Share Price
|
5.06%
|
5.07%
|
5.85%
|
||
S&P Municipal Bond Index
|
2.87%
|
4.41%
|
4.69%
|
||
Lipper General & Insured Leveraged Municipal Debt Funds Classification Average
|
4.65%
|
7.47%
|
6.22%
|
20
|
Nuveen Investments
|
Fund Allocation
|
|
(% of net assets)
|
|
Long-Term Municipal Bonds
|
150.4%
|
Corporate Bonds
|
0.0%
|
Short-Term Municipal Bonds
|
0.3%
|
Other Assets Less Liabilities
|
4.1%
|
Net Assets Plus Floating Rate Obligations & VRDP Shares, at Liquidation Value
|
154.8%
|
Floating Rate Obligations
|
(4.4)%
|
VRDP Shares, at Liquidation Value
|
(50.4)%
|
Net Assets
|
100%
|
Credit Quality
|
|
(% of total investment exposure)
|
|
AAA/U.S. Guaranteed
|
14.2%
|
AA
|
47.2%
|
A
|
17.4%
|
BBB
|
9.8%
|
BB or Lower
|
10.0%
|
N/R (not rated)
|
1.4%
|
Total
|
100%
|
Portfolio Composition
|
|
(% of total investments)
|
|
Health Care
|
21.8%
|
Transportation
|
21.3%
|
Tax Obligation/Limited
|
16.7%
|
Tax Obligation/General
|
11.4%
|
U.S. Guaranteed
|
8.3%
|
Consumer Staples
|
7.4%
|
Other
|
13.1%
|
Total
|
100%
|
States and Territories
|
|
(% of total municipal bonds)
|
|
California
|
14.3%
|
Illinois
|
10.7%
|
Texas
|
10.6%
|
Colorado
|
6.8%
|
New York
|
5.3%
|
Ohio
|
4.6%
|
Michigan
|
4.0%
|
Florida
|
3.0%
|
Indiana
|
2.9%
|
Virginia
|
2.8%
|
Nevada
|
2.6%
|
Missouri
|
2.6%
|
New Jersey
|
2.5%
|
Louisiana
|
2.3%
|
Georgia
|
2.2%
|
South Carolina
|
2.0%
|
Iowa
|
2.0%
|
Other
|
18.8%
|
Total
|
100%
|
Nuveen Investments
|
21
|
NPF
|
|
Nuveen Premier Municipal Income Fund, Inc.
|
|
Performance Overview and Holding Summaries as of October 31, 2015
|
Average Annual
|
|||||
1-Year
|
5-Year
|
10-Year
|
|||
NPF at Common Share NAV
|
3.14%
|
6.41%
|
5.70%
|
||
NPF at Common Share Price
|
2.36%
|
4.75%
|
5.85%
|
||
S&P Municipal Bond Index
|
2.87%
|
4.41%
|
4.69%
|
||
Lipper General & Insured Leveraged Municipal Debt Funds Classification Average
|
4.65%
|
7.47%
|
6.22%
|
22
|
Nuveen Investments
|
Fund Allocation
|
|
(% of net assets)
|
|
Long-Term Municipal Bonds
|
144.0%
|
Short-Term Municipal Bonds
|
1.3%
|
Other Assets Less Liabilities
|
5.1%
|
Net Assets Plus Floating Rate Obligations & VRDP Shares, at Liquidation Value
|
150.4%
|
Floating Rate Obligations
|
(7.5)%
|
VRDP Shares, at Liquidation Value
|
(42.9)%
|
Net Assets
|
100%
|
Credit Quality
|
|
(% of total investment exposure)
|
|
AAA/U.S. Guaranteed
|
18.7%
|
AA
|
43.2%
|
A
|
17.6%
|
BBB
|
10.6%
|
BB or Lower
|
6.5%
|
N/R (not rated)
|
3.4%
|
Total
|
100%
|
Portfolio Composition
|
|
(% of total investments)
|
|
Tax Obligation/Limited
|
22.1%
|
Transportation
|
17.9%
|
Utilities
|
12.7%
|
U.S. Guaranteed
|
10.5%
|
Health Care
|
9.7%
|
Water and Sewer
|
6.6%
|
Tax Obligation/General
|
6.2%
|
Other
|
14.3%
|
Total
|
100%
|
States and Territories
|
|
(% of total investments)
|
|
California
|
14.5%
|
Illinois
|
11.3%
|
Texas
|
6.4%
|
New York
|
5.6%
|
Colorado
|
5.3%
|
Louisiana
|
4.9%
|
North Carolina
|
4.1%
|
New Jersey
|
3.8%
|
Arizona
|
3.5%
|
Nevada
|
3.3%
|
Ohio
|
2.6%
|
Kentucky
|
2.5%
|
Michigan
|
2.3%
|
Indiana
|
2.3%
|
Massachusetts
|
1.9%
|
Utah
|
1.9%
|
Pennsylvania
|
1.7%
|
Maryland
|
1.6%
|
South Carolina
|
1.6%
|
Other
|
18.9%
|
Total
|
100%
|
Nuveen Investments
|
23
|
NMZ
|
|
Nuveen Municipal High Income Opportunity Fund
|
|
Performance Overview and Holding Summaries as of October 31, 2015
|
Average Annual
|
|||||
1-Year
|
5-Year
|
10-Year
|
|||
NMZ at Common Share NAV
|
6.54%
|
10.08%
|
6.72%
|
||
NMZ at Common Share Price
|
11.49%
|
8.85%
|
6.17%
|
||
S&P Municipal Bond High Yield Index
|
3.47%
|
6.92%
|
5.27%
|
||
S&P Municipal Bond Index
|
2.87%
|
4.41%
|
4.69%
|
||
Lipper High-Yield Municipal Debt Funds Classification Average
|
5.30%
|
7.78%
|
6.18%
|
24
|
Nuveen Investments
|
Fund Allocation
|
|
(% of net assets)
|
|
Long-Term Municipal Bonds
|
111.4%
|
Common Stocks
|
1.6%
|
Corporate Bonds
|
0.0%
|
Other Assets Less Liabilities
|
1.6%
|
Net Assets Plus Floating Rate Obligations & VMTP Shares, at Liquidation Value
|
114.6%
|
Floating Rate Obligations
|
(1.9)%
|
VMTP Shares, at Liquidation Value
|
(12.7)%
|
Net Assets
|
100%
|
Credit Quality
|
|
(% of total investment exposure)
|
|
AAA/U.S. Guaranteed
|
5.6%
|
AA
|
24.2%
|
A
|
9.4%
|
BBB
|
11.9%
|
BB or Lower
|
14.7%
|
N/R (not rated)
|
33.1%
|
N/A (not applicable)
|
1.1%
|
Total
|
100%
|
Portfolio Composition
|
|
(% of total investments)
|
|
Tax Obligation/Limited
|
23.0%
|
Education and Civic Organizations
|
16.2%
|
Health Care
|
13.8%
|
Industrials
|
8.1%
|
Transportation
|
7.1%
|
Consumer Staples
|
5.6%
|
Utilities
|
5.0%
|
Long-Term Care
|
4.1%
|
Other
|
17.1%
|
Total
|
100%
|
States and Territories
|
|
(% of total municipal bonds)
|
|
California
|
14.6%
|
Florida
|
12.4%
|
Illinois
|
8.3%
|
Colorado
|
8.2%
|
Texas
|
6.2%
|
Ohio
|
4.1%
|
Arizona
|
3.9%
|
Louisiana
|
3.8%
|
New York
|
3.1%
|
Indiana
|
3.1%
|
Wisconsin
|
2.9%
|
Washington
|
2.7%
|
Michigan
|
2.7%
|
Missouri
|
2.0%
|
New Jersey
|
2.0%
|
Other
|
20.0%
|
Total
|
100%
|
Nuveen Investments
|
25
|
Shareholder Meeting Report
|
NQM
|
NQS
|
NQU
|
|||||||||||||||||
Common and
|
Common and
|
Common and
|
|||||||||||||||||
Preferred
|
Preferred
|
Preferred
|
Preferred
|
||||||||||||||||
shares voting
|
shares voting
|
shares voting
|
shares voting
|
||||||||||||||||
together
|
together
|
together
|
Preferred
|
together
|
Preferred
|
||||||||||||||
as a class
|
as a class
|
as a class
|
Shares
|
as a class
|
Shares
|
||||||||||||||
Approval of the Board Members was reached as follows:
|
|||||||||||||||||||
William Adams IV
|
|||||||||||||||||||
For
|
35,386,828
|
—
|
26,582,635
|
—
|
38,334,633
|
—
|
|||||||||||||
Withhold
|
813,487
|
—
|
2,705,971
|
—
|
2,157,480
|
—
|
|||||||||||||
Total
|
36,200,315
|
—
|
29,288,606
|
—
|
40,492,113
|
—
|
|||||||||||||
Jack B. Evans
|
|||||||||||||||||||
For
|
35,266,589
|
—
|
26,582,031
|
—
|
38,344,262
|
—
|
|||||||||||||
Withhold
|
933,726
|
—
|
2,706,575
|
—
|
2,147,851
|
—
|
|||||||||||||
Total
|
36,200,315
|
—
|
29,288,606
|
—
|
40,492,113
|
—
|
|||||||||||||
William C. Hunter
|
|||||||||||||||||||
For
|
—
|
1,588
|
—
|
1,675
|
—
|
2,097
|
|||||||||||||
Withhold
|
—
|
300
|
—
|
250
|
—
|
481
|
|||||||||||||
Total
|
—
|
1,888
|
—
|
1,925
|
—
|
2,578
|
|||||||||||||
David J. Kundert
|
|||||||||||||||||||
For
|
35,231,886
|
—
|
26,538,842
|
—
|
38,297,668
|
—
|
|||||||||||||
Withhold
|
968,429
|
—
|
2,749,764
|
—
|
2,194,445
|
—
|
|||||||||||||
Total
|
36,200,315
|
—
|
29,288,606
|
—
|
40,492,113
|
—
|
|||||||||||||
John K. Nelson
|
|||||||||||||||||||
For
|
35,342,022
|
—
|
26,582,111
|
—
|
38,364,719
|
—
|
|||||||||||||
Withhold
|
858,293
|
—
|
2,706,495
|
—
|
2,127,394
|
—
|
|||||||||||||
Total
|
36,200,315
|
—
|
29,288,606
|
—
|
40,492,113
|
—
|
|||||||||||||
William J. Schneider
|
|||||||||||||||||||
For
|
—
|
1,588
|
—
|
1,675
|
—
|
2,097
|
|||||||||||||
Withhold
|
—
|
300
|
—
|
250
|
—
|
481
|
|||||||||||||
Total
|
—
|
1,888
|
—
|
1,925
|
—
|
2,578
|
|||||||||||||
Thomas S. Schreier, Jr.
|
|||||||||||||||||||
For
|
35,389,150
|
—
|
26,582,962
|
—
|
38,326,816
|
—
|
|||||||||||||
Withhold
|
811,165
|
—
|
2,705,644
|
—
|
2,165,297
|
—
|
|||||||||||||
Total
|
36,200,315
|
—
|
29,288,606
|
—
|
40,492,113
|
—
|
|||||||||||||
Judith M. Stockdale
|
|||||||||||||||||||
For
|
35,346,167
|
—
|
26,562,021
|
—
|
38,336,543
|
—
|
|||||||||||||
Withhold
|
854,148
|
—
|
2,726,585
|
—
|
2,155,570
|
—
|
|||||||||||||
Total
|
36,200,315
|
—
|
29,288,606
|
—
|
40,492,113
|
—
|
|||||||||||||
Carole E. Stone
|
|||||||||||||||||||
For
|
35,378,790
|
—
|
26,569,352
|
—
|
38,328,110
|
—
|
|||||||||||||
Withhold
|
821,525
|
—
|
2,719,254
|
—
|
2,164,003
|
—
|
|||||||||||||
Total
|
36,200,315
|
—
|
29,288,606
|
—
|
40,492,113
|
—
|
|||||||||||||
Virginia L. Stringer
|
|||||||||||||||||||
For
|
35,359,173
|
—
|
26,542,126
|
—
|
38,319,526
|
—
|
|||||||||||||
Withhold
|
841,142
|
—
|
2,746,480
|
—
|
2,172,587
|
—
|
|||||||||||||
Total
|
36,200,315
|
—
|
29,288,606
|
—
|
40,492,113
|
—
|
|||||||||||||
Terence J. Toth
|
|||||||||||||||||||
For
|
35,334,442
|
—
|
26,583,604
|
—
|
38,332,545
|
—
|
|||||||||||||
Withhold
|
865,873
|
—
|
2,705,002
|
—
|
2,159,568
|
—
|
|||||||||||||
Total
|
36,200,315
|
—
|
29,288,606
|
—
|
40,492,113
|
—
|
26
|
Nuveen Investments
|
NPF
|
NMZ
|
||||||||||||
Common and
|
Common and
|
||||||||||||
Preferred
|
Preferred
|
Preferred
|
|||||||||||
shares voting
|
shares voting
|
shares voting
|
|||||||||||
together
|
Preferred
|
together
|
together
|
||||||||||
as a class
|
Shares
|
as a class
|
as a class
|
||||||||||
Approval of the Board Members was reached as follows:
|
|||||||||||||
William Adams IV
|
|||||||||||||
For
|
16,799,718
|
—
|
—
|
—
|
|||||||||
Withhold
|
368,792
|
—
|
—
|
—
|
|||||||||
Total
|
17,168,510
|
—
|
—
|
—
|
|||||||||
Jack B. Evans
|
|||||||||||||
For
|
16,716,660
|
—
|
43,455,493
|
—
|
|||||||||
Withhold
|
451,850
|
—
|
1,819,473
|
—
|
|||||||||
Total
|
17,168,510
|
—
|
45,274,966
|
—
|
|||||||||
William C. Hunter
|
|||||||||||||
For
|
—
|
1,227
|
—
|
870
|
|||||||||
Withhold
|
—
|
50
|
—
|
—
|
|||||||||
Total
|
—
|
1,277
|
—
|
870
|
|||||||||
David J. Kundert
|
|||||||||||||
For
|
16,732,004
|
—
|
—
|
—
|
|||||||||
Withhold
|
436,506
|
—
|
—
|
—
|
|||||||||
Total
|
17,168,510
|
—
|
—
|
—
|
|||||||||
John K. Nelson
|
|||||||||||||
For
|
16,781,087
|
—
|
—
|
—
|
|||||||||
Withhold
|
387,423
|
—
|
—
|
—
|
|||||||||
Total
|
17,168,510
|
—
|
—
|
—
|
|||||||||
William J. Schneider
|
|||||||||||||
For
|
—
|
1,227
|
—
|
870
|
|||||||||
Withhold
|
—
|
50
|
—
|
—
|
|||||||||
Total
|
—
|
1,277
|
—
|
870
|
|||||||||
Thomas S. Schreier, Jr.
|
|||||||||||||
For
|
16,781,807
|
—
|
43,541,654
|
—
|
|||||||||
Withhold
|
386,703
|
—
|
1,733,312
|
—
|
|||||||||
Total
|
17,168,510
|
—
|
45,274,966
|
—
|
|||||||||
Judith M. Stockdale
|
|||||||||||||
For
|
16,671,756
|
—
|
—
|
—
|
|||||||||
Withhold
|
496,754
|
—
|
—
|
—
|
|||||||||
Total
|
17,168,510
|
—
|
—
|
—
|
|||||||||
Carole E. Stone
|
|||||||||||||
For
|
16,743,174
|
—
|
—
|
—
|
|||||||||
Withhold
|
425,336
|
—
|
—
|
—
|
|||||||||
Total
|
17,168,510
|
—
|
—
|
—
|
|||||||||
Virginia L. Stringer
|
|||||||||||||
For
|
16,714,166
|
—
|
—
|
—
|
|||||||||
Withhold
|
454,344
|
—
|
—
|
—
|
|||||||||
Total
|
17,168,510
|
—
|
—
|
—
|
|||||||||
Terence J. Toth
|
|||||||||||||
For
|
16,773,649
|
—
|
—
|
—
|
|||||||||
Withhold
|
394,861
|
—
|
—
|
—
|
|||||||||
Total
|
17,168,510
|
—
|
—
|
—
|
Nuveen Investments
|
27
|
28
|
Nuveen Investments
|
NQM
|
||
Nuveen Investment Quality Municipal Fund, Inc.
|
||
Portfolio of Investments
|
October 31, 2015
|
Principal
|
Optional Call
|
|||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
||||
LONG-TERM INVESTMENTS 147.4% (99.7% of Total Investments)
|
||||||||
MUNICIPAL BONDS 147.4% (99.7% of Total Investments)
|
||||||||
Alabama – 0.7% (0.5% of Total Investments)
|
||||||||
$
|
3,800
|
Alabama Special Care Facilities Financing Authority, Revenue Bonds, Ascension Health, Series 2006C-2, 5.000%, 11/15/36 (UB)
|
11/16 at 100.00
|
AA+
|
$
|
3,953,064
|
||
1,000
|
Jefferson County, Alabama, Limited Obligation School Warrants, Education Tax Revenue Bonds, Series 2004A, 5.250%, 1/01/23 – AGM Insured
|
1/16 at 100.00
|
AA
|
1,005,820
|
||||
4,800
|
Total Alabama
|
4,958,884
|
||||||
Alaska – 0.6% (0.4% of Total Investments)
|
||||||||
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A:
|
||||||||
4,000
|
5.000%, 6/01/32
|
12/15 at 100.00
|
B
|
3,634,040
|
||||
500
|
5.000%, 6/01/46
|
12/15 at 100.00
|
B
|
419,940
|
||||
4,500
|
Total Alaska
|
4,053,980
|
||||||
Arizona – 3.8% (2.6% of Total Investments)
|
||||||||
980
|
Apache County Industrial Development Authority, Arizona, Pollution Control Revenue Bonds, Tucson Electric Power Company, Series 20102A, 4.500%, 3/01/30
|
3/22 at 100.00
|
A3
|
1,045,258
|
||||
2,500
|
Arizona Health Facilities Authority, Revenue Bonds, Scottsdale Lincoln Hospitals Project, Series 2014A, 5.000%, 12/01/39
|
12/24 at 100.00
|
A2
|
2,753,850
|
||||
Arizona Sports and Tourism Authority, Tax Revenue Bonds, Multipurpose Stadium Facility Project, Refunding Senior Series 2012A:
|
||||||||
1,490
|
5.000%, 7/01/30
|
7/22 at 100.00
|
A1
|
1,615,398
|
||||
2,500
|
5.000%, 7/01/32
|
7/22 at 100.00
|
A1
|
2,691,925
|
||||
Glendale Industrial Development Authority, Arizona, Revenue Bonds, John C. Lincoln Health Network, Series 2005B:
|
||||||||
485
|
5.250%, 12/01/24 (Pre-refunded 12/01/15)
|
12/15 at 100.00
|
N/R (4)
|
487,144
|
||||
265
|
5.250%, 12/01/25 (Pre-refunded 12/01/15)
|
12/15 at 100.00
|
N/R (4)
|
266,171
|
||||
2,000
|
Maricopa County Industrial Development Authority, Arizona, Health Facility Revenue Bonds, Catholic Healthcare West, Series 2007A, 5.250%, 7/01/32
|
7/17 at 100.00
|
A
|
2,087,640
|
||||
2,500
|
Mesa, Arizona, Utility System Revenue Bonds, Tender Option Bond Trust, Series 11032-11034, 15.285%, 7/01/26 – AGM Insured (IF)
|
7/17 at 100.00
|
AA
|
2,647,800
|
||||
5,000
|
Phoenix, Arizona, Civic Improvement Corporation, Senior Lien Airport Revenue Bonds, Series 2008, Trust 1132, 9.221%, 1/01/32 (IF)
|
7/18 at 100.00
|
AA–
|
5,880,800
|
||||
3,450
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc. Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37
|
No Opt. Call
|
A–
|
3,855,237
|
||||
1,100
|
Student and Academic Services LLC, Arizona, Lease Revenue Bonds, Northern Arizona University Project, Series 2014, 5.000%, 6/01/34 – BAM Insured
|
6/24 at 100.00
|
AA
|
1,248,478
|
||||
895
|
Watson Road Community Facilities District, Arizona, Special Assessment Revenue Bonds, Series 2005, 6.000%, 7/01/30
|
7/16 at 100.00
|
N/R
|
902,455
|
||||
23,165
|
Total Arizona
|
25,482,156
|
||||||
California – 22.5% (15.2% of Total Investments)
|
||||||||
1,500
|
ABAG Finance Authority for Non-Profit Corporations, California, Cal-Mortgage Insured Revenue Bonds, Channing House, Series 2010, 6.000%, 5/15/30
|
5/20 at 100.00
|
AA–
|
1,754,970
|
||||
2,500
|
California Health Facilities Financing Authority, Revenue Bonds, Cedars-Sinai Medical Center, Series 2005, 5.000%, 11/15/27
|
11/15 at 100.00
|
Aa3
|
2,509,300
|
||||
4,285
|
California Health Facilities Financing Authority, Revenue Bonds, Kaiser Permanente System, Series 2006, 5.000%, 4/01/37
|
4/16 at 100.00
|
A+
|
4,339,977
|
Nuveen Investments
|
29
|
NQM
|
Nuveen Investment Quality Municipal Fund, Inc.
|
|
Portfolio of Investments (continued)
|
October 31, 2015
|
Principal
|
Optional Call
|
|||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
||||
California (continued)
|
||||||||
$
|
180
|
California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health System, Series 2013A, 5.000%, 7/01/37
|
7/23 at 100.00
|
AA–
|
$
|
205,288
|
||
5,500
|
California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, 2007A, 5.000%, 11/15/42 (UB)
|
11/16 at 100.00
|
AA–
|
5,676,715
|
||||
1,390
|
California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, Tender Option Bond Trust 2015-XF0078, 13.508%, 5/15/40 (IF)
|
5/18 at 100.00
|
AA–
|
1,913,377
|
||||
810
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2009-I, 6.375%, 11/01/34
|
11/19 at 100.00
|
A+
|
975,272
|
||||
1,530
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2010A-1, 5.750%, 3/01/30
|
3/20 at 100.00
|
A+
|
1,788,631
|
||||
California State, General Obligation Bonds, Various Purpose Series 2010:
|
||||||||
2,100
|
5.250%, 3/01/30
|
3/20 at 100.00
|
AA–
|
2,428,398
|
||||
3,000
|
5.500%, 3/01/40
|
3/20 at 100.00
|
AA–
|
3,459,570
|
||||
California Statewide Communities Development Authority, Revenue Bonds, American Baptist Homes of the West, Series 2010:
|
||||||||
900
|
6.000%, 10/01/29
|
10/19 at 100.00
|
BBB+
|
994,725
|
||||
1,030
|
6.250%, 10/01/39
|
10/19 at 100.00
|
BBB+
|
1,135,441
|
||||
1,050
|
California Statewide Communities Development Authority, School Facility Revenue Bonds, Aspire Public Schools, Series 2010, 6.000%, 7/01/40
|
1/19 at 100.00
|
BB
|
1,111,289
|
||||
1,000
|
California Statewide Community Development Authority, Revenue Bonds, Children's Hospital of Los Angeles, Series 2007, 5.000%, 8/15/47
|
8/17 at 100.00
|
BBB+
|
1,036,470
|
||||
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005A:
|
||||||||
1,000
|
5.250%, 7/01/30
|
1/16 at 100.00
|
CCC
|
899,360
|
||||
2,000
|
5.000%, 7/01/39
|
1/16 at 100.00
|
CCC
|
1,790,300
|
||||
2,530
|
Commerce Joint Power Financing Authority, California, Tax Allocation Bonds, Redevelopment Projects 2 and 3, Refunding Series 2003A, 5.000%, 8/01/28 – RAAI Insured
|
2/15 at 100.00
|
AA
|
2,533,390
|
||||
1,260
|
Davis Redevelopment Agency, California, Tax Allocation Bonds, Davis Redevelopment Project, Subordinate Series 2011A, 7.000%, 12/01/36
|
12/21 at 100.00
|
A+
|
1,576,814
|
||||
3,500
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2015A, 0.000%, 1/15/34 – AGM Insured
|
No Opt. Call
|
AA
|
1,665,335
|
||||
1,500
|
Gavilan Joint Community College District, Santa Clara and San Benito Counties, California, General Obligation Bonds, Election of 2004 Series 2011D, 5.750%, 8/01/35
|
8/21 at 100.00
|
Aa2
|
1,782,870
|
||||
2,000
|
Glendale Redevelopment Agency, California, Tax Allocation Bonds, Central Glendale Redevelopment Project, Series 2010, 5.500%, 12/01/24
|
12/16 at 100.00
|
A
|
2,071,940
|
||||
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2007A-1:
|
||||||||
3,000
|
5.000%, 6/01/33
|
6/17 at 100.00
|
B
|
2,676,330
|
||||
1,000
|
5.750%, 6/01/47
|
6/17 at 100.00
|
B
|
922,380
|
||||
610
|
5.125%, 6/01/47
|
6/17 at 100.00
|
B
|
518,091
|
||||
9,740
|
Huntington Park Redevelopment Agency, California, Single Family Residential Mortgage Revenue Refunding Bonds, Series 1986A, 8.000%, 12/01/19 (ETM)
|
No Opt. Call
|
Aaa
|
12,529,924
|
||||
2,000
|
Los Rios Community College District, Sacramento County, California, General Obligation Bonds, Series 2009D, 5.375%, 8/01/34
|
8/19 at 100.00
|
AA–
|
2,266,260
|
||||
250
|
Lynwood Redevelopment Agency, California, Project A Revenue Bonds, Subordinate Lien Series 2011A, 7.000%, 9/01/31
|
9/21 at 100.00
|
A–
|
310,573
|
||||
500
|
Madera County, California, Certificates of Participation, Children's Hospital Central California, Series 2010, 5.375%, 3/15/36
|
3/20 at 100.00
|
AA–
|
555,700
|
||||
6,215
|
Martinez Unified School District, Contra Costa County, California, General Obligation Bonds, Series 2011, 5.875%, 8/01/31
|
8/24 at 100.00
|
AA
|
7,776,830
|
||||
1,160
|
Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Election of 2008, Series 2013A, 0.000%, 8/01/43
|
8/35 at 100.00
|
AA
|
811,745
|
30
|
Nuveen Investments
|
Principal
|
Optional Call
|
|||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
||||
California (continued)
|
||||||||
$
|
2,700
|
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009A, 7.000%, 11/01/34
|
No Opt. Call
|
A
|
$
|
3,825,090
|
||
1,030
|
Natomas Union School District, Sacramento County, California, General Obligation Refunding Bonds, Series 1999, 5.950%, 9/01/21 – NPFG Insured
|
No Opt. Call
|
AA–
|
1,131,404
|
||||
15,770
|
Ontario Redevelopment Financing Authority, San Bernardino County, California, Revenue Refunding Bonds, Redevelopment Project 1, Series 1995, 7.400%, 8/01/25 – NPFG Insured
|
No Opt. Call
|
AA–
|
19,475,787
|
||||
1,265
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009, 6.750%, 11/01/39
|
11/19 at 100.00
|
Ba1
|
1,401,127
|
||||
1,650
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010, 5.250%, 11/01/21
|
11/20 at 100.00
|
Ba1
|
1,782,248
|
||||
13,145
|
Perris, California, GNMA Mortgage-Backed Securities Program Single Family Mortgage Revenue Bonds, Series 1988B, 8.200%, 9/01/23 (Alternative Minimum Tax) (ETM)
|
No Opt. Call
|
Aaa
|
18,574,277
|
||||
2,500
|
Petaluma, Sonoma County, California, Wastewater Revenue Bonds, Refunding Series 2011, 5.500%, 5/01/32
|
5/21 at 100.00
|
AA–
|
2,925,400
|
||||
2,000
|
Poway Unified School District, San Diego County, California, General Obligation Bonds, School Facilities Improvement District 2007-1, Series 2011A, 0.000%, 8/01/41
|
No Opt. Call
|
AA–
|
666,140
|
||||
5,000
|
Rialto Unified School District, San Bernardino County, California, General Obligation Bonds, Series 2011A, 0.000%, 8/01/41 – AGM Insured
|
8/36 at 100.00
|
AA
|
3,865,800
|
||||
660
|
San Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds, Mission Bay North Redevelopment Project, Series 2009C, 6.500%, 8/01/39
|
8/19 at 100.00
|
A–
|
756,591
|
||||
2,000
|
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2014B, 5.250%, 1/15/44
|
1/25 at 100.00
|
BB+
|
2,136,820
|
||||
5,360
|
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2014A, 5.000%, 1/15/44
|
1/25 at 100.00
|
BBB–
|
5,686,424
|
||||
880
|
Santee Community Development Commission, California, Santee Redevelopment Project Tax Allocation Bonds, Series 2011A, 7.000%, 8/01/31
|
2/21 at 100.00
|
A
|
1,074,110
|
||||
5,000
|
Solano Community College District, Solano and Yolo Counties, California, General Obligation Bonds, Election 2012 Series 2013A, 5.000%, 8/01/43
|
8/23 at 100.00
|
AA–
|
5,537,350
|
||||
1,000
|
Union City Community Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment Project, Subordinate Lien Series 2011, 6.375%, 12/01/23
|
12/21 at 100.00
|
A+
|
1,235,390
|
||||
95
|
Ventura County Area Housing Authority, California, Multifamily Revenue Bonds, Mira Vista Senior Apartments Project, Series 2006A, 5.000%, 12/01/22 – AMBAC Insured (Alternative Minimum Tax)
|
12/16 at 100.00
|
N/R
|
96,254
|
||||
2,000
|
West Contra Costa Unified School District, Contra Costa County, California, General Obligation Bonds, Election 2010 Series 2011A, 5.000%, 8/01/41
|
8/21 at 100.00
|
Aa3
|
2,228,860
|
||||
3,750
|
Wiseburn School District, Los Angeles County, California, General Obligation Bonds, Series 2011B, 0.000%, 8/01/36 – AGM Insured
|
8/31 at 100.00
|
AA
|
2,855,888
|
||||
4,000
|
Yuba Community College District, California, General Obligation Bonds, Election 2006 Series 2011C, 5.250%, 8/01/47
|
8/21 at 100.00
|
Aa2
|
4,624,120
|
||||
134,845
|
Total California
|
149,896,345
|
||||||
Colorado – 9.2% (6.2% of Total Investments)
|
||||||||
3,000
|
Anthem West Metropolitan District, Colorado, General Obligation Bonds, Refunding Series 2015, 5.000%, 12/01/35 – BAM Insured
|
12/25 at 100.00
|
AA
|
3,333,720
|
||||
1,000
|
Brighton Crossing Metropolitan District 4, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Refunding Series 2013, 7.000%, 12/01/23
|
7/18 at 100.00
|
N/R
|
1,016,180
|
||||
2,945
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Community Leadership Academy, Inc. Second Campus Project, Series 2013, 7.350%, 8/01/43
|
8/23 at 100.00
|
BB
|
3,423,592
|
||||
1,000
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Peak-to-Peak Charter School, Refunding Series 2014, 5.000%, 8/15/30
|
8/24 at 100.00
|
A
|
1,107,040
|
||||
1,250
|
Colorado Educational and Cultural Facilities Authority, Revenue and Refunding Bonds, University Corporation for Atmospheric Research Project, Series 2012A, 4.500%, 9/01/22
|
No Opt. Call
|
A+
|
1,413,988
|
Nuveen Investments
|
31
|
NQM
|
Nuveen Investment Quality Municipal Fund, Inc.
|
|
Portfolio of Investments (continued)
|
October 31, 2015
|
Principal
|
Optional Call
|
|||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
||||
Colorado (continued)
|
||||||||
$
|
1,465
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, American Baptist Homes Project, Series 2009A, 7.750%, 8/01/39
|
8/19 at 100.00
|
N/R
|
$
|
1,604,541
|
||
3,020
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/40
|
1/23 at 100.00
|
A+
|
3,315,235
|
||||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013A:
|
||||||||
2,670
|
5.000%, 6/01/28
|
No Opt. Call
|
A–
|
2,945,811
|
||||
2,395
|
5.000%, 6/01/40
|
No Opt. Call
|
A–
|
2,559,465
|
||||
220
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013, 5.625%, 6/01/43
|
6/23 at 100.00
|
BBB+
|
242,354
|
||||
2,090
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Poudre Valley Health System, Series 2005B, 5.250%, 3/01/36 – AGM Insured
|
9/18 at 102.00
|
AA
|
2,278,643
|
||||
625
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Total Long-Term Care National Obligated Group Project, Series 2010A, 6.000%, 11/15/30
|
11/20 at 100.00
|
A
|
694,344
|
||||
750
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Valley View Hospital Association, Series 2008, 5.500%, 5/15/28
|
5/18 at 100.00
|
A–
|
816,870
|
||||
375
|
Colorado Health Facilities Authority, Revenue Bonds, Evangelical Lutheran Good Samaritan Society, Series 2005, 5.000%, 6/01/29
|
6/16 at 100.00
|
BBB+
|
380,764
|
||||
625
|
Colorado Health Facilities Authority, Revenue Bonds, Evangelical Lutheran Good Samaritan Society, Series 2005, 5.000%, 6/01/29 (Pre-refunded 6/01/16)
|
6/16 at 100.00
|
N/R (4)
|
642,119
|
||||
1,000
|
Colorado Housing and Finance Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc. Project, Series 2004, 5.700%, 7/01/18 (Alternative Minimum Tax)
|
No Opt. Call
|
A–
|
1,116,730
|
||||
2,000
|
Colorado Mesa University, Colorado, Enterprise Revenue Bonds, Series 2012B, 4.250%, 5/15/37
|
5/21 at 100.00
|
Aa2
|
2,096,520
|
||||
5
|
Colorado Water Resources and Power Development Authority, Clean Water Revenue Bonds, 1996 Series A, 5.900%, 9/01/16
|
3/16 at 100.00
|
AAA
|
5,024
|
||||
3,000
|
Commerce City, Colorado, Sales and Use Tax Revenue Bonds, Series 2014, 5.000%, 8/01/44 – AGM Insured
|
8/24 at 100.00
|
AA
|
3,338,970
|
||||
2,000
|
Denver City and County, Colorado, Airport System Revenue Bonds, Series 2012B, 5.000%, 11/15/32
|
11/22 at 100.00
|
A+
|
2,309,980
|
||||
1,000
|
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013A, 5.250%, 11/15/43 (Alternative Minimum Tax)
|
11/23 at 100.00
|
A
|
1,096,740
|
||||
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Capital Appreciation Series 2010A:
|
||||||||
385
|
0.000%, 9/01/35
|
No Opt. Call
|
BBB+
|
171,310
|
||||
150
|
0.000%, 9/01/37
|
No Opt. Call
|
BBB+
|
62,178
|
||||
75
|
0.000%, 9/01/38
|
No Opt. Call
|
BBB+
|
29,728
|
||||
20
|
0.000%, 9/01/39
|
No Opt. Call
|
BBB+
|
7,472
|
||||
110
|
0.000%, 9/01/41
|
No Opt. Call
|
BBB+
|
36,427
|
||||
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B:
|
||||||||
995
|
0.000%, 9/01/29 – NPFG Insured
|
No Opt. Call
|
AA–
|
603,627
|
||||
2,155
|
0.000%, 9/01/30 – NPFG Insured
|
No Opt. Call
|
AA–
|
1,244,556
|
||||
50
|
0.000%, 9/01/31 – NPFG Insured
|
No Opt. Call
|
AA–
|
27,569
|
||||
2,795
|
0.000%, 9/01/32 – NPFG Insured
|
No Opt. Call
|
AA–
|
1,472,015
|
||||
100
|
0.000%, 9/01/33 – NPFG Insured
|
No Opt. Call
|
AA–
|
50,432
|
||||
385
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004A, 0.000%, 9/01/28 – NPFG Insured
|
No Opt. Call
|
AA–
|
246,050
|
||||
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004B:
|
||||||||
345
|
0.000%, 9/01/28 – NPFG Insured
|
9/20 at 63.98
|
AA–
|
184,313
|
||||
14,500
|
0.000%, 3/01/36 – NPFG Insured
|
9/20 at 41.72
|
AA–
|
4,930,435
|
||||
500
|
Eagle County Air Terminal Corporation, Colorado, Airport Terminal Project Revenue Bonds, Refunding Series 2011A, 5.500%, 5/01/22 (Alternative Minimum Tax)
|
5/21 at 100.00
|
Baa2
|
543,015
|
||||
5,055
|
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Refunding Bonds, Series 2011, 6.125%, 12/01/41 – AGM Insured
|
12/20 at 100.00
|
AA
|
5,944,731
|
32
|
Nuveen Investments
|
Principal
|
Optional Call
|
|||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
||||
Colorado (continued)
|
||||||||
$
|
3,000
|
Park Creek Metropolitan District, Colorado, Senior Property Tax Supported Revenue Bonds, Series 2009, 6.250%, 12/01/30 – AGC Insured
|
12/19 at 100.00
|
AA
|
$
|
3,437,880
|
||
700
|
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado Springs Utilities, Series 2008, 6.500%, 11/15/38
|
No Opt. Call
|
A
|
934,948
|
||||
2,365
|
Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project Private Activity Bonds, Series 2010, 6.000%, 1/15/41
|
7/20 at 100.00
|
Baa3
|
2,664,291
|
||||
Ute Water Conservancy District, Mesa County, Colorado, Water Revenue Bonds, Refunding Series 2012:
|
||||||||
1,000
|
4.250%, 6/15/27
|
6/22 at 100.00
|
AA
|
1,089,110
|
||||
1,430
|
4.250%, 6/15/28
|
6/22 at 100.00
|
AA
|
1,546,702
|
||||
350
|
Willow Trace Metropolitan District, Arapahoe County, Colorado, General Obligation Bonds, Refunding Series 2006A, 4.450%, 12/01/35 (Pre-refunded 12/01/15) – CIFG Insured
|
12/15 at 100.00
|
AA (4)
|
351,313
|
||||
68,900
|
Total Colorado
|
61,316,732
|
||||||
Connecticut – 1.4% (0.9% of Total Investments)
|
||||||||
3,430
|
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart University, Series 2012H, 5.000%, 7/01/24 – AGM Insured
|
7/22 at 100.00
|
AA
|
3,867,188
|
||||
Connecticut Municipal Electric Energy Cooperative, Power Supply System Revenue Bonds, Tender Option Bond Trust 1164:
|
||||||||
1,295
|
17.098%, 1/01/32 (IF) (5)
|
1/23 at 100.00
|
Aa3
|
1,981,635
|
||||
190
|
16.939%, 1/01/38 (IF) (5)
|
1/23 at 100.00
|
Aa3
|
270,324
|
||||
2,500
|
Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation Revenue Bonds, Harbor Point Project, Series 2010A, 7.875%, 4/01/39
|
4/20 at 100.00
|
N/R
|
2,955,825
|
||||
7,415
|
Total Connecticut
|
9,074,972
|
||||||
District of Columbia – 5.0% (3.4% of Total Investments)
|
||||||||
23,745
|
District of Columbia Water and Sewer Authority, Public Utility Revenue Bonds, Series 1998, 5.500%, 10/01/23 – AGM Insured (UB)
|
No Opt. Call
|
AA+
|
28,777,515
|
||||
3,000
|
District of Columbia, General Obligation Bonds, Series 1998B, 6.000%,
6/01/16 – NPFG Insured |
No Opt. Call
|
Aa1
|
3,101,940
|
||||
1,200
|
Washington Convention Center Authority, District of Columbia, Dedicated Tax Revenue Bonds, Tender Option Bond Trust 1606, 11.876%, 10/01/30 – BHAC Insured (IF) (5)
|
10/16 at 100.00
|
AA+
|
1,309,164
|
||||
27,945
|
Total District of Columbia
|
33,188,619
|
||||||
Florida – 11.6% (7.9% of Total Investments)
|
||||||||
1,480
|
Atlantic Beach, Florida, Healthcare Facilities Revenue Refunding Bonds, Fleet Landing Project, Series 2013A, 5.000%, 11/15/37
|
11/23 at 100.00
|
BBB
|
1,560,586
|
||||
Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter Academy, Inc. Project, Series 2013A:
|
||||||||
450
|
5.000%, 9/01/45
|
9/23 at 100.00
|
BBB–
|
456,966
|
||||
850
|
5.000%, 9/01/48
|
9/23 at 100.00
|
BBB–
|
861,305
|
||||
3,730
|
Brevard County Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Health First, Inc. Project, Series 2005, 5.000%, 4/01/24 (Pre-refunded 4/01/16)
|
4/16 at 100.00
|
A– (4)
|
3,804,936
|
||||
1,000
|
Brevard County Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Health First, Inc. Project, Series 2009B, 7.000%, 4/01/39 (Pre-refunded 4/01/19)
|
4/19 at 100.00
|
A– (4)
|
1,201,950
|
||||
4,315
|
Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2011, 5.000%, 10/01/41 – AGM Insured
|
10/21 at 100.00
|
AA
|
4,854,591
|
||||
100
|
Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School, Inc. Projects, Series 2012A, 6.125%, 6/15/43
|
No Opt. Call
|
N/R
|
101,649
|
||||
4,165
|
Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Nova Southeastern University Project, Refunding Series 2012A, 5.000%, 4/01/32
|
4/22 at 100.00
|
Baa1
|
4,541,308
|
||||
1,150
|
Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Nova Southeastern University, Refunding Series 2011, 6.375%, 4/01/31
|
4/21 at 100.00
|
Baa1
|
1,336,519
|
||||
5,020
|
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport, Senior Lien Series 2015A, 5.000%, 10/01/44 (Alternative Minimum Tax)
|
10/24 at 100.00
|
A+
|
5,420,696
|
Nuveen Investments
|
33
|
NQM
|
Nuveen Investment Quality Municipal Fund, Inc.
|
|
Portfolio of Investments (continued)
|
October 31, 2015
|
Principal
|
Optional Call
|
|||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
||||
Florida (continued)
|
||||||||
$
|
2,145
|
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport, Series 2015A, 5.000%, 10/01/44
|
10/24 at 100.00
|
A–
|
$
|
2,350,019
|
||
1,000
|
Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of Miami, Series 2008A, 5.200%, 4/01/24 (Pre-refunded 4/01/16)
|
4/16 at 100.00
|
A– (4)
|
1,019,940
|
||||
13,000
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport Hub, Series 2007B, 4.500%, 10/01/31 – NPFG Insured
|
10/17 at 100.00
|
AA–
|
13,700,828
|
||||
5,000
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2014A, 5.000%, 10/01/35 (Alternative Minimum Tax)
|
10/24 at 100.00
|
A
|
5,466,000
|
||||
2,925
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2015A, 5.000%, 10/01/38 (Alternative Minimum Tax)
|
10/25 at 100.00
|
A
|
3,187,490
|
||||
1,000
|
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2010, 5.000%, 10/01/39 – AGM Insured
|
10/20 at 100.00
|
AA
|
1,132,220
|
||||
7,045
|
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2013A, 5.000%, 10/01/42
|
10/22 at 100.00
|
Aa3
|
7,812,482
|
||||
4,000
|
North Sumter County Utility Dependent District, Florida, Utility Revenue Bonds, Series 2010, 5.375%, 10/01/40
|
10/20 at 100.00
|
AA
|
4,502,000
|
||||
3,000
|
Northern Palm Beach County Improvement District, Florida, Water Control and Improvement Bonds, Development Unit 46B, Series 2007A, 5.350%, 8/01/41
|
8/17 at 100.00
|
N/R
|
3,045,090
|
||||
1,300
|
Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, The Waterford Project, Series 2007, 5.875%, 11/15/37 (Pre-refunded 11/15/17)
|
11/17 at 100.00
|
A (4)
|
1,437,124
|
||||
5,895
|
South Miami Health Facilities Authority, Florida, Hospital Revenue, Baptist Health System Obligation Group, Series 2007, 5.000%, 8/15/42 (UB) (5)
|
8/17 at 100.00
|
AA
|
6,144,064
|
||||
1,500
|
Sumter County Industrial Development Authority, Florida, Hospital Revenue Bonds, Central Florida Health Alliance Projects, Series 2014A, 5.250%, 7/01/44
|
1/24 at 100.00
|
A–
|
1,653,105
|
||||
65
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible, Capital Appreciation, Series 2012A-2, 0.000%, 5/01/39
|
5/17 at 100.00
|
N/R
|
48,846
|
||||
195
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible, Capital Appreciation, Series 2012A-3, 0.000%, 5/01/40
|
5/19 at 100.00
|
N/R
|
116,869
|
||||
85
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible, Capital Appreciation, Series 2012A-4, 0.000%, 5/01/40
|
5/22 at 100.00
|
N/R
|
37,751
|
||||
120
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note, Series 2007-3, 6.650%, 5/01/40 (6)
|
5/18 at 100.00
|
N/R
|
1
|
||||
10
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Non Performing ParcelSeries 2007-1. RMKT, 6.650%, 5/01/40 (6)
|
5/18 at 100.00
|
N/R
|
10,203
|
||||
200
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2012A-1, 6.650%, 5/01/40
|
5/17 at 100.00
|
N/R
|
202,630
|
||||
290
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-1, 0.000%, 5/01/40 (6)
|
5/18 at 100.00
|
N/R
|
179,177
|
||||
180
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-2, 0.000%, 5/01/40 (6)
|
5/18 at 100.00
|
N/R
|
94,100
|
||||
195
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-3, 6.610%, 5/01/40 (6)
|
5/18 at 100.00
|
N/R
|
2
|
||||
1,170
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Series 2006, 5.400%, 5/01/37
|
11/15 at 100.00
|
N/R
|
1,170,831
|
||||
72,580
|
Total Florida
|
77,451,278
|
||||||
Georgia – 2.3% (1.6% of Total Investments)
|
||||||||
1,820
|
Atlanta Development Authority, Georgia, Revenue Bonds, New Downtown Atlanta Stadium Project, Senior Lien Series 2015A-1, 5.250%, 7/01/40
|
7/25 at 100.00
|
Aa3
|
2,092,163
|
||||
895
|
Atlanta, Georgia, Tax Allocation Bonds, Beltline Project Series 2008A. Remarketed, 7.500%, 1/01/31
|
1/19 at 100.00
|
A2
|
1,034,647
|
34
|
Nuveen Investments
|
Principal
|
Optional Call
|
|||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
||||
Georgia (continued)
|
||||||||
$
|
1,510
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 2009B, 5.250%, 11/01/34 – AGM Insured
|
11/19 at 100.00
|
AA
|
$
|
1,694,462
|
||
2,000
|
Dalton Development Authority, Georgia, Revenue Certificates, Hamilton Health Care System Inc., Series 1996, 5.500%, 8/15/26 – NPFG Insured
|
No Opt. Call
|
AA–
|
2,302,680
|
||||
2,500
|
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2010A, 5.000%, 2/15/30
|
2/20 at 100.00
|
A
|
2,725,075
|
||||
3,285
|
Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project J Bonds, Series 2015A, 5.000%, 7/01/60
|
7/25 at 100.00
|
A+
|
3,494,353
|
||||
810
|
Georgia Municipal Electric Authority, Project One Special Obligation Bonds, Fourth Crossover Series 1997E, 6.500%, 1/01/20
|
No Opt. Call
|
A1
|
891,340
|
||||
1,220
|
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University, Series 2012A, 5.250%, 10/01/27
|
10/21 at 100.00
|
Baa2
|
1,374,708
|
||||
14,040
|
Total Georgia
|
15,609,428
|
||||||
Guam – 0.4% (0.3% of Total Investments)
|
||||||||
765
|
Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.000%, 1/01/31
|
1/22 at 100.00
|
A
|
840,161
|
||||
1,770
|
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2010, 5.625%, 7/01/40
|
7/20 at 100.00
|
A–
|
1,933,831
|
||||
2,535
|
Total Guam
|
2,773,992
|
||||||
Hawaii – 0.5% (0.3% of Total Investments)
|
||||||||
3,000
|
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific Health Obligated Group, Series 2013A, 5.500%, 7/01/43
|
7/23 at 100.00
|
A
|
3,447,120
|
||||
Idaho – 0.2% (0.2% of Total Investments)
|
||||||||
395
|
Idaho Housing and Finance Association, Single Family Mortgage Revenue Bonds, Series 2009B Class I, 5.650%, 7/01/26
|
7/19 at 100.00
|
A1
|
414,292
|
||||
1,155
|
Idaho Water Resource Board, Water Resource Loan Program Revenue, Ground Water Rights Mitigation Series 2012A, 4.750%, 9/01/26
|
9/22 at 100.00
|
Baa1
|
1,279,544
|
||||
1,550
|
Total Idaho
|
1,693,836
|
||||||
Illinois – 14.0% (9.5% of Total Investments)
|
||||||||
2,610
|
Chicago, Illinois, Certificates of Participation Tax Increment Revenue Notes, Fullerton/Milwaukee Redevelopment Project, Series 2011A, 6.830%, 3/15/24
|
3/17 at 100.00
|
Ba3
|
2,717,662
|
||||
3,150
|
Chicago, Illinois, Sales Tax Revenue Bonds, Series 2011A, 5.000%, 1/01/41
|
1/22 at 100.00
|
AAA
|
3,173,058
|
||||
4,000
|
Illinois Educational Facilities Authority, Revenue Bonds, Field Museum of Natural History, Series 2002, 4.450%, 11/01/36 (WI/DD, Settling 11/02/15)
|
11/25 at 102.00
|
N/R
|
3,998,920
|
||||
4,985
|
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2012, 5.000%, 9/01/32
|
9/22 at 100.00
|
BBB
|
5,263,512
|
||||
4,750
|
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2014A, 5.000%, 9/01/39
|
9/24 at 100.00
|
BBB
|
5,076,658
|
||||
1,125
|
Illinois Finance Authority, Revenue Bonds, Central DuPage Health, Series 2009B, 5.500%, 11/01/39
|
11/19 at 100.00
|
AA+
|
1,287,405
|
||||
1,000
|
Illinois Finance Authority, Revenue Bonds, Elmhurst Memorial Healthcare, Series 2008A, 5.625%, 1/01/37
|
1/18 at 100.00
|
Baa2
|
1,067,960
|
||||
960
|
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Refunding Series 2010A, 6.000%, 5/15/39
|
5/20 at 100.00
|
A
|
1,104,730
|
||||
3,215
|
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A, 5.000%, 11/15/45
|
11/25 at 100.00
|
A
|
3,493,933
|
||||
2,125
|
Illinois Finance Authority, Revenue Bonds, Palos Community Hospital, Series 2010C, 5.125%, 5/15/35
|
5/20 at 100.00
|
AA–
|
2,314,423
|
||||
395
|
Illinois Finance Authority, Revenue Bonds, Proctor Hospital, Series 2006, 5.125%, 1/01/25
|
1/16 at 100.00
|
Aa3
|
397,959
|
||||
1,000
|
Illinois Finance Authority, Revenue Bonds, Provena Health, Series 2009A, 7.750%, 8/15/34
|
8/19 at 100.00
|
BBB+
|
1,208,090
|
Nuveen Investments
|
35
|
NQM
|
Nuveen Investment Quality Municipal Fund, Inc.
|
|
Portfolio of Investments (continued)
|
October 31, 2015
|
Principal
|
Optional Call
|
|||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
||||
Illinois (continued)
|
||||||||
Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series 2013A:
|
||||||||
$
|
415
|
5.500%, 7/01/28
|
7/23 at 100.00
|
A–
|
$
|
477,918
|
||
391
|
6.000%, 7/01/43
|
7/23 at 100.00
|
A–
|
457,786
|
||||
1,000
|
Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group, Refunding Series 2006B, 5.250%, 11/01/35 (Pre-refunded 11/01/18) – NPFG Insured
|
11/18 at 100.00
|
Aaa
|
1,128,200
|
||||
1,120
|
Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group, Series 2009C, 6.625%, 11/01/39 (Pre-refunded 5/01/19)
|
5/19 at 100.00
|
Aaa
|
1,337,694
|
||||
1,000
|
Illinois Finance Authority, Revenue Bonds, Sherman Health Systems, Series 2007A, 5.500%, 8/01/37 (Pre-refunded 8/01/17)
|
8/17 at 100.00
|
N/R (4)
|
1,084,960
|
||||
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Series 2009:
|
||||||||
2,000
|
6.875%, 8/15/38 (Pre-refunded 8/15/19)
|
8/19 at 100.00
|
N/R (4)
|
2,436,520
|
||||
3,000
|
7.000%, 8/15/44 (Pre-refunded 8/15/19)
|
8/19 at 100.00
|
N/R (4)
|
3,668,700
|
||||
1,000
|
Illinois Finance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, Inc., Series 2005 Remarketed, 5.250%, 3/01/30 – AGM Insured
|
3/20 at 100.00
|
AA
|
1,110,140
|
||||
186
|
Illinois Finance Authority, Revenue Bonds, The Clare at Water Tower Project, Capitol Appreciation Series 2010B, 0.000%, 5/15/50 (6)
|
1/16 at 18.39
|
N/R
|
2
|
||||
390
|
Illinois Finance Authority, Revenue Bonds, The Clare at Water Tower Project, Refunding Series 2010A, 6.000%, 5/15/28 (6)
|
2/16 at 100.00
|
N/R
|
4
|
||||
1,400
|
Illinois Finance Authority, Revenue Bonds, The University of Chicago Medical Center, Series 2009B, 5.000%, 8/15/26
|
8/20 at 100.00
|
AA–
|
1,572,578
|
||||
500
|
Illinois Finance Authority, Revenue Bonds, Three Crowns Park Plaza, Series 2006A, 5.875%, 2/15/26
|
2/16 at 100.00
|
N/R
|
502,185
|
||||
2,910
|
Illinois Finance Authority, Revenue Refunding Bonds, Resurrection Health Care Corporation, Series 2009, 6.125%, 5/15/25
|
5/19 at 100.00
|
BBB+
|
3,252,711
|
||||
90
|
Illinois Finance Authority, Revenue Refunding Bonds, Resurrection Health Care Corporation, Series 2009, 6.125%, 5/15/25 (Pre-refunded 5/15/19)
|
5/19 at 100.00
|
N/R (4)
|
105,953
|
||||
Illinois State, General Obligation Bonds, February Series 2014:
|
||||||||
3,500
|
5.250%, 2/01/30
|
2/24 at 100.00
|
A–
|
3,741,255
|
||||
4,000
|
5.250%, 2/01/31
|
2/24 at 100.00
|
A–
|
4,258,520
|
||||
680
|
Illinois State, General Obligation Bonds, May Series 2014, 5.000%, 5/01/36
|
5/24 at 100.00
|
A–
|
702,345
|
||||
2,370
|
Illinois State, General Obligation Bonds, Refunding Series 2012, 5.000%, 8/01/25
|
8/22 at 100.00
|
A–
|
2,533,127
|
||||
Illinois State, General Obligation Bonds, Series 2012A:
|
||||||||
3,225
|
4.000%, 1/01/26
|
1/22 at 100.00
|
A–
|
3,235,352
|
||||
225
|
5.000%, 3/01/37
|
3/22 at 100.00
|
A–
|
230,132
|
||||
Illinois State, General Obligation Bonds, Series 2013:
|
||||||||
2,500
|
5.250%, 7/01/31
|
7/23 at 100.00
|
A–
|
2,651,925
|
||||
275
|
5.500%, 7/01/38
|
7/23 at 100.00
|
A–
|
290,279
|
||||
1,430
|
Illinois State, Sales Tax Revenue Bonds, Build Illinois Series 2011, 3.750%, 6/15/25
|
6/21 at 100.00
|
AAA
|
1,517,831
|
||||
700
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Tender Option Bond Trust 2015-XF0051, 17.802%, 1/01/21 (IF)
|
No Opt. Call
|
AA–
|
971,789
|
||||
1,875
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Tender Option Bond Trust 2015-XF0052, 17.850%, 1/01/21 (IF)
|
No Opt. Call
|
AA–
|
2,602,500
|
||||
1,510
|
Macon County School District 61 Decatur, Illinois, General Obligation Bonds, Series 2011A, 5.250%, 1/01/39 – AGM Insured
|
1/21 at 100.00
|
A2
|
1,648,074
|
||||
1,525
|
McCook, Illinois, General Obligation Bonds, Series 2008, 5.200%, 12/01/30
|
12/18 at 100.00
|
BBB
|
1,661,549
|
||||
1,890
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2015B, 5.000%, 6/15/52
|
12/25 at 100.00
|
BBB+
|
1,944,167
|
||||
1,050
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Capital Appreciation Refunding Series 2010B-1, 5.000%, 6/15/50
|
6/20 at 100.00
|
AA
|
1,093,890
|
||||
6,015
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Refunding Series 1996A, 0.000%, 12/15/21 – NPFG Insured
|
No Opt. Call
|
AA–
|
4,994,796
|
36
|
Nuveen Investments
|
Principal
|
Optional Call
|
|||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
||||
Illinois (continued)
|
||||||||
$
|
5,000
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A, 0.000%, 12/15/34 – NPFG Insured
|
No Opt. Call
|
AA–
|
$
|
2,093,250
|
||
Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2010:
|
||||||||
1,550
|
5.250%, 6/01/21
|
No Opt. Call
|
A
|
1,814,492
|
||||
4,000
|
6.250%, 6/01/24
|
6/16 at 100.00
|
A
|
4,136,000
|
||||
800
|
6.000%, 6/01/28
|
6/21 at 100.00
|
A–
|
949,664
|
||||
1,580
|
University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013, 6.000%, 10/01/32
|
10/23 at 100.00
|
A
|
1,828,028
|
||||
90,417
|
Total Illinois
|
93,138,626
|
||||||
Indiana – 1.9% (1.3% of Total Investments)
|
||||||||
1,555
|
Indiana Finance Authority, Educational Facilities Revenue Bonds, Butler University Project, Refunding Series 2012B, 5.000%, 2/01/28
|
2/22 at 100.00
|
BBB+
|
1,740,838
|
||||
1,050
|
Indiana Finance Authority, Educational Facilities Revenue Bonds, Drexel Foundation For Educational Excellence, Inc., Series 2009A, 7.000%, 10/01/39
|
10/19 at 100.00
|
B–
|
1,017,986
|
||||
1,500
|
Indiana Finance Authority, Hospital Revenue Bonds, Floyd Memorial Hospital and Health Services Project, Refunding Series 2010, 5.125%, 3/01/30
|
3/20 at 100.00
|
BBB–
|
1,568,610
|
||||
Indiana Finance Authority, Private Activity Bonds, Ohio River Bridges East End Crossing Project, Series 2013A:
|
||||||||
3,015
|
5.000%, 7/01/44 (Alternative Minimum Tax)
|
7/23 at 100.00
|
BBB
|
3,207,146
|
||||
1,320
|
5.000%, 7/01/48 (Alternative Minimum Tax)
|
7/23 at 100.00
|
BBB
|
1,396,718
|
||||
Indiana Finance Authority, Tax-Exempt Private Activity Revenue Bonds, I-69 Section 5 Project, Series 2014:
|
||||||||
500
|
5.250%, 9/01/34 (Alternative Minimum Tax)
|
9/24 at 100.00
|
BBB
|
557,535
|
||||
260
|
5.250%, 9/01/40 (Alternative Minimum Tax)
|
9/24 at 100.00
|
BBB
|
283,169
|
||||
Indiana Health and Educational Facilities Financing Authority, Revenue Bonds, Sisters of Saint Francis Health Services Inc., Series 2006E:
|
||||||||
475
|
5.250%, 11/01/25 – AGM Insured
|
5/18 at 100.00
|
Aa3
|
513,670
|
||||
530
|
5.250%, 11/01/29 – AGM Insured
|
5/18 at 100.00
|
Aa3
|
569,824
|
||||
St. Joseph County Hospital Authority, Indiana, Revenue Bonds, Madison Center Inc., Series 2005:
|
||||||||
1,550
|
5.250%, 2/15/23 (6)
|
2/16 at 100.00
|
N/R
|
75,656
|
||||
2,500
|
5.375%, 2/15/34 (6)
|
2/16 at 100.00
|
N/R
|
122,025
|
||||
1,275
|
Valparaiso, Indiana, Exempt Facilities Revenue Bonds, Pratt Paper LLC Project, Series 2013, 7.000%, 1/01/44 (Alternative Minimum Tax)
|
1/24 at 100.00
|
N/R
|
1,555,143
|
||||
15,530
|
Total Indiana
|
12,608,320
|
||||||
Iowa – 1.9% (1.3% of Total Investments)
|
||||||||
1,500
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Alcoa Inc. Project, Series 2012, 4.750%, 8/01/42
|
8/22 at 100.00
|
BBB–
|
1,497,645
|
||||
3,000
|
Iowa Student Loan Liquidity Corporation, Student Loan Revenue Bonds, Refunding Series 2009-2, 5.500%, 12/01/25
|
12/19 at 100.00
|
A1
|
3,275,460
|
||||
8,000
|
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C, 5.500%, 6/01/42
|
12/15 at 100.00
|
B+
|
7,583,040
|
||||
170
|
Sheldon, Iowa, Health Care Facility Revenue Bonds, Northwest Iowa Health Center Project, Refunding Series 1994, 6.150%, 3/01/16
|
11/15 at 100.00
|
A1
|
170,787
|
||||
12,670
|
Total Iowa
|
12,526,932
|
||||||
Kansas – 1.1% (0.7% of Total Investments)
|
||||||||
1,240
|
Johnson and Miami Counties Unified School District 230, Kansas, General Obligation Bonds, Series 2011A, 5.000%, 9/01/26
|
9/21 at 100.00
|
Aa3
|
1,445,890
|
||||
1,000
|
Kansas Development Finance Authority, Health Facilities Revenue Bonds, Hays Medical Center Inc., Series 2005L, 5.000%, 11/15/22
|
11/15 at 100.00
|
A2
|
1,003,980
|
||||
1,540
|
Kansas Development Finance Authority, Hospital Revenue Bonds, Adventist Health System/Sunbelt Obligated Group, Series 2009C, 5.500%, 11/15/29
|
11/19 at 100.00
|
Aa2
|
1,757,263
|
Nuveen Investments
|
37
|
NQM
|
Nuveen Investment Quality Municipal Fund, Inc.
|
|
Portfolio of Investments (continued)
|
October 31, 2015
|
Principal
|
Optional Call
|
|||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
||||
Kansas (continued)
|
||||||||
$
|
1,000
|
Olathe, Kansas, Health Facilities Revenue Bonds, Olathe Medical Center, Series 2008, 5.000%, 9/01/29
|
9/17 at 100.00
|
A+
|
$
|
1,048,060
|
||
580
|
Overland Park Transportation Development District, Kansas, Sales Tax Revenue Bonds, Oak Park Mall Project, Series 2010, 5.900%, 4/01/32
|
4/20 at 100.00
|
BBB
|
631,318
|
||||
100
|
Sedgwick and Shawnee Counties, Kansas, GNMA Mortgage-Backed Securities Program Single Family Revenue Bonds, Series 1997A-1, 6.950%, 6/01/29 (Alternative Minimum Tax)
|
No Opt. Call
|
Aaa
|
105,358
|
||||
530
|
Topeka, Kansas, Industrial Revenue Refunding Bonds, Sunwest Hotel Corporation, Series 1988, 9.500%, 10/01/16 (Alternative Minimum Tax)
|
No Opt. Call
|
AA+
|
568,314
|
||||
780
|
Wyandotte County-Kansas City Unified Government, Kansas, Sales Tax Special Obligation Capital Appreciation Revenue Bonds Redevelopment Project Area B – Major Multi-Sport Athletic Complex Project, Subordinate Lien Series 2010B, 0.000%, 6/01/21
|
No Opt. Call
|
A–
|
574,041
|
||||
6,770
|
Total Kansas
|
7,134,224
|
||||||
Kentucky – 2.2% (1.5% of Total Investments)
|
||||||||
2,000
|
Kentucky Economic Development Finance Authority, Hospital Facilities Revenue Bonds, Owensboro Medical Health System, Series 2010A, 6.000%, 6/01/30
|
6/20 at 100.00
|
BBB+
|
2,274,060
|
||||
2,605
|
Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky Information Highway Project, Senior Series 2015A, 5.000%, 1/01/45
|
7/25 at 100.00
|
BBB+
|
2,795,660
|
||||
2,500
|
Louisville-Jefferson County Metro Government, Kentucky, Revenue Bonds, Bellarmine University Inc. Project, Refunding & Improvement Series 2008A, 6.000%, 5/01/38
|
5/18 at 100.00
|
Baa3
|
2,697,550
|
||||
Pikeville, Kentucky, Hospital Revenue Bonds, Pikeville Medical Center, Inc. Project, Improvement and Refunding Series 2011:
|
||||||||
5,000
|
6.250%, 3/01/31
|
3/21 at 100.00
|
A3
|
5,751,650
|
||||
1,250
|
6.500%, 3/01/41
|
3/21 at 100.00
|
A3
|
1,438,563
|
||||
13,355
|
Total Kentucky
|
14,957,483
|
||||||
Louisiana – 2.7% (1.9% of Total Investments)
|
||||||||
1,000
|
Louisiana Local Government Environmental Facilities & Community Development Authority, Revenue Bonds, Westlake Chemical Corporation Project, Series 2007, 6.750%, 11/01/32
|
11/17 at 100.00
|
BBB+
|
1,084,970
|
||||
1,380
|
Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds, Westlake Chemical Corporation Projects, Series 2009A, 6.500%, 8/01/29
|
8/20 at 100.00
|
BBB+
|
1,624,495
|
||||
8,655
|
Louisiana Public Facilities Authority, Dock and Wharf Revenue Bonds, Impala Warehousing (US) LLC Project, Series 2013, 6.500%, 7/01/36 (Alternative Minimum Tax)
|
7/23 at 100.00
|
N/R
|
9,636,564
|
||||
1,810
|
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, Series 2007A, 5.500%, 5/15/47
|
5/17 at 100.00
|
Baa1
|
1,896,464
|
||||
690
|
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, Series 2007A, 5.500%, 5/15/47 (Pre-refunded 5/15/17)
|
5/17 at 100.00
|
N/R (4)
|
742,709
|
||||
3,000
|
New Orleans Aviation Board, Louisiana, Revenue Bonds, North Terminal Project, Series 2015B, 5.000%, 1/01/40 (Alternative Minimum Tax)
|
1/25 at 100.00
|
A–
|
3,242,580
|
||||
16,535
|
Total Louisiana
|
18,227,782
|
||||||
Maine – 0.8% (0.5% of Total Investments)
|
||||||||
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Maine General Medical Center, Series 2011:
|
||||||||
2,000
|
6.750%, 7/01/36
|
7/21 at 100.00
|
BBB–
|
2,270,960
|
||||
1,000
|
6.750%, 7/01/41
|
7/21 at 100.00
|
BBB–
|
1,133,860
|
||||
1,720
|
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Series 2010A, 5.000%, 7/01/40
|
7/20 at 100.00
|
AA
|
1,897,900
|
||||
4,720
|
Total Maine
|
5,302,720
|
||||||
Maryland – 0.1% (0.1% of Total Investments)
|
||||||||
515
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Patterson Park Public Charter School Issue, Series 2010, 6.000%, 7/01/40
|
7/20 at 100.00
|
BBB–
|
537,639
|
38
|
Nuveen Investments
|
Principal
|
Optional Call
|
|||||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
||||
Massachusetts – 2.1% (1.4% of Total Investments)
|
||||||||
Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Tender Option Bond Trust 1163:
|
||||||||
$
|
505
|
17.158%, 10/01/48 (IF) (5)
|
10/23 at 100.00
|
A+
|
$
|
719,756
|
||
930
|
17.058%, 10/01/48 (IF) (5)
|
10/23 at 100.00
|
A+
|
1,325,008
|
||||
1,825
|
Massachusetts Development Finance Agency, Education Facility Revenue Bonds, Academy of the Pacific Rim Project, Series 2006A, 5.125%,
6/01/31 – ACA Insured |
6/16 at 100.00
|
N/R
|
1,829,782
|
||||
650
|
Massachusetts Development Finance Agency, Health Care Facility Revenue Bonds, Adventcare Project, Series 2007A, 6.750%, 10/15/37
|
10/17 at 100.00
|
N/R
|
671,873
|
||||
845
|
Massachusetts Development Finance Agency, Health Care Facility Revenue Bonds, Adventcare Project, Series 2010, 7.625%, 10/15/37
|
10/20 at 100.00
|
N/R
|
942,302
|
||||
750
|
Massachusetts Development Finance Agency, Resource Recovery Revenue Refunding Bonds, Covanta Energy Project, Series 2012C, 5.250%, 11/01/42 (Alternative Minimum Tax)
|
11/17 at 100.00
|
BB+
|
752,115
|
||||
1,220
|
Massachusetts Development Finance Agency, Revenue Bonds, Loomis Communities, Series 2013A, 5.125%, 1/01/25
|
1/23 at 100.00
|
BBB–
|
1,350,796
|
||||
2,900
|
Massachusetts Health and Educational Facilities Authority, Revenue Refunding Bonds, Suffolk University Issue, Series 2009A, 5.750%, 7/01/39
|
7/19 at 100.00
|
BBB
|
3,240,866
|
||||
3,120
|
Massachusetts Water Resources Authority, General Revenue Bonds, Series 2007A, 4.500%, 8/01/46 – AGM Insured (UB) (5)
|
2/17 at 100.00
|
AA+
|
3,167,237
|
||||
12,745
|
Total Massachusetts
|
13,999,735
|
||||||
Michigan – 1.7% (1.2% of Total Investments)
|
||||||||
2,500
|
Detroit, Michigan, Distributable State Aid General Obligation Bonds, Limited Tax Series 2010, 5.000%, 11/01/30
|
11/20 at 100.00
|
AA
|
2,653,050
|
||||
3,495
|
Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Henry Ford Health System, Refunding Series 2009, 5.750%, 11/15/39
|
11/19 at 100.00
|
A–
|
3,969,376
|
||||
1,635
|
Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Series 2006A, 5.000%, 12/01/31
|
12/16 at 100.00
|
AA
|
1,706,368
|
||||
365
|
Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Series 2006A, 5.000%, 12/01/31 (Pre-refunded 12/01/16)
|
12/16 at 100.00
|
Aa2 (4)
|
383,195
|
||||
1,165
|
Michigan Strategic Fund, Limited Obligation Revenue Bonds, Michigan House of Representatives Facilities, Series 2008A, 5.250%, 10/15/23 – AGC Insured
|
10/18 at 100.00
|
AA
|
1,291,601
|
||||
340
|
Monroe County Hospital Finance Authority, Michigan, Mercy Memorial Hospital Corporation Revenue Bonds, Series 2006, 5.500%, 6/01/35
|
6/16 at 100.00
|
AA–
|
344,148
|
||||
1,200
|
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Series 2015D, 5.000%, 12/01/45
|
12/25 at 100.00
|
A
|
1,303,944
|
||||
10,700
|
Total Michigan
|