|
|
|
|
|
|
|
|
Portfolio of Investments (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
Nuveen New Jersey Municipal Value Fund (NJV)
|
|
|
|
|
|
January 31, 2014
|
|
|
|
|
|
Principal
|
|
|
Optional Call
|
|
|
Amount (000)
|
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
LONG-TERM INVESTMENTS 103.9% (100.0% of Total Investments)
|
|
|
|
|
|
MUNICIPAL BONDS – 102.6% (98.7% of Total Investments)
|
|
|
|
|
|
Consumer Staples – 5.0% (4.8% of Total Investments)
|
|
|
|
|
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
|
|
|
|
|
|
Series 2007-1A:
|
|
|
|
$ 150
|
|
4.750%, 6/01/34
|
6/17 at 100.00
|
B2
|
$ 110,892
|
1,520
|
|
5.000%, 6/01/41
|
6/17 at 100.00
|
B2
|
1,125,165
|
1,670
|
|
Total Consumer Staples
|
|
|
1,236,057
|
|
|
Education and Civic Organizations – 10.9% (10.4% of Total Investments)
|
|
|
|
110
|
|
Camden County Improvement Authority, New Jersey, Lease Revenue Bonds Rowan University
|
12/23 at 100.00
|
A+
|
116,613
|
|
|
School of Osteopathic Medicine Project, Series 2013A, 5.000%, 12/01/32
|
|
|
|
45
|
|
New Jersey Economic Development Authority, Rutgers University General Obligation Lease
|
6/23 at 100.00
|
AA–
|
56,761
|
|
|
Revenue Bonds, Tender Option Bond Trust 3359, 18.293%, 12/15/36 (IF) (4)
|
|
|
|
900
|
|
New Jersey Educational Facilities Authority, Revenue Bonds, Kean University, Refunding Series
|
9/19 at 100.00
|
A2
|
968,553
|
|
|
2009A, 5.500%, 9/01/36
|
|
|
|
|
|
New Jersey Educational Facilities Authority, Revenue Bonds, Rider University, Series 2012A:
|
|
|
|
50
|
|
5.000%, 7/01/32
|
7/21 at 100.00
|
BBB+
|
51,133
|
30
|
|
5.000%, 7/01/37
|
7/21 at 100.00
|
BBB+
|
30,341
|
75
|
|
New Jersey Educational Facilities Authority, Revenue Bonds, Seton Hall University, Series
|
7/23 at 100.00
|
A
|
79,475
|
|
|
2013D, 5.000%, 7/01/38
|
|
|
|
1,000
|
|
New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2009A,
|
6/19 at 100.00
|
AA
|
1,073,570
|
|
|
5.625%, 6/01/30
|
|
|
|
30
|
|
New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2010-2,
|
12/20 at 100.00
|
Aa3
|
31,529
|
|
|
5.000%, 12/01/30
|
|
|
|
100
|
|
New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2012-1B,
|
12/22 at 100.00
|
A
|
100,783
|
|
|
5.750%, 12/01/39 (Alternative Minimum Tax)
|
|
|
|
100
|
|
New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Tender Option
|
12/22 at 100.00
|
AA
|
92,396
|
|
|
Bond Trust 4736, 11.987%, 12/01/23 (Alternative Minimum Tax) (IF) (4)
|
|
|
|
60
|
|
Rutgers State University, New Jersey, Revenue Bonds, Tender Option Bond Trust 3339, 18.415%,
|
No Opt. Call
|
AA–
|
76,970
|
|
|
5/01/21 (IF) (4)
|
|
|
|
2,500
|
|
Total Education and Civic Organizations
|
|
|
2,678,124
|
|
|
Health Care – 23.5% (22.7% of Total Investments)
|
|
|
|
100
|
|
Camden County Improvement Authority, New Jersey, Health Care Redevelopment Revenue Bonds,
|
2/23 at 100.00
|
BBB
|
102,835
|
|
|
Cooper Health System Obligated Group Issue, Series 2013A, 5.750%, 2/15/42
|
|
|
|
500
|
|
Camden County Improvement Authority, New Jersey, Revenue Bonds, Cooper Health System,
|
2/15 at 100.00
|
BBB
|
502,690
|
|
|
Series 2005A, 5.000%, 2/15/25
|
|
|
|
105
|
|
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2007A,
|
11/17 at 100.00
|
A
|
109,555
|
|
|
5.750%, 11/15/37
|
|
|
|
2,000
|
|
New Jersey Health Care Facilities Financing Authority, Hospital Revenue Bonds, Virtua Health,
|
7/19 at 100.00
|
AA
|
2,095,600
|
|
|
Series 2009A, 5.500%, 7/01/38 – AGC Insured (UB) (4)
|
|
|
|
100
|
|
New Jersey Health Care Facilities Financing Authority, Revenue and Refunding Bonds, Palisades
|
7/23 at 100.00
|
BBB
|
100,438
|
|
|
Medical Center Obligated Group Issue, Series 2013, 5.250%, 7/01/31
|
|
|
|
1,000
|
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Hunterdon Medical
|
7/16 at 100.00
|
A
|
1,006,510
|
|
|
Center, Series 2006B, 5.000%, 7/01/36
|
|
|
|
100
|
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Meridian Health, Series
|
7/18 at 100.00
|
AA–
|
102,846
|
|
|
2007, 5.000%, 7/01/38 – AGC Insured
|
|
|
|
90
|
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Robert Wood Johnson
|
7/23 at 100.00
|
A
|
95,424
|
|
|
University Hospital, Series 2013A, 5.500%, 7/01/43
|
|
|
|
70
|
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Barnabas Health
|
7/21 at 100.00
|
BBB+
|
73,121
|
|
|
Care System, Refunding Series 2011A, 5.625%, 7/01/37
|
|
|
|
750
|
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Joseph’s
|
No Opt. Call
|
BBB–
|
826,763
|
|
|
Healthcare System Obligated Group Issue, Series 2008, 6.000%, 7/01/18
|
|
|
|
100
|
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Luke’s Warren
|
8/23 at 100.00
|
A3
|
88,017
|
|
|
Hospital Obligated Group, Series 2013, 4.000%, 8/15/37
|
|
|
|
705
|
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, South Jersey Hospital
|
7/16 at 100.00
|
A2
|
709,914
|
|
|
System, Refunding Series 2006, 5.000%, 7/01/36
|
|
|
|
5,620
|
|
Total Health Care
|
|
|
5,813,713
|
|
|
Housing/Multifamily – 4.6% (4.4% of Total Investments)
|
|
|
|
|
|
New Jersey Economic Development Authority, Student Housing Revenue Bonds, Provident
|
|
|
|
|
|
Group-Montclair Properties LLC, Montclair State University Student Housing Project,
|
|
|
|
|
|
Series 2010A:
|
|
|
|
100
|
|
5.750%, 6/01/31
|
6/20 at 100.00
|
Baa3
|
107,014
|
50
|
|
5.875%, 6/01/42
|
6/20 at 100.00
|
Baa3
|
53,267
|
1,000
|
|
New Jersey Housing and Mortgage Finance Agency, Multifamily Housing Revenue Bonds, Series
|
11/19 at 100.00
|
A+
|
968,670
|
|
|
2009A, 4.950%, 5/01/41
|
|
|
|
1,150
|
|
Total Housing/Multifamily
|
|
|
1,128,951
|
|
|
Housing/Single Family – 1.6% (1.6% of Total Investments)
|
|
|
|
385
|
|
New Jersey Housing & Mortgage Finance Agency, Single Family Home Mortgage Revenue Bonds,
|
10/21 at 100.00
|
Aa1
|
396,850
|
|
|
Series 2011A, 4.500%, 10/01/29
|
|
|
|
|
|
Long-Term Care – 1.1% (1.1% of Total Investments)
|
|
|
|
160
|
|
Burlington County Bridge Commission, New Jersey, Economic Development Revenue Bonds, The
|
1/18 at 100.00
|
N/R
|
141,880
|
|
|
Evergreens Project, Series 2007, 5.625%, 1/01/38
|
|
|
|
140
|
|
New Jersey Economic Development Authority, Revenue Bonds, United Methodist Homes of New
|
7/23 at 100.00
|
BBB–
|
138,580
|
|
|
Jersey Obligated Group Issue, Refunding Series 2013, 5.000%, 7/01/34
|
|
|
|
300
|
|
Total Long-Term Care
|
|
|
280,460
|
|
|
Tax Obligation/General – 10.2% (9.8% of Total Investments)
|
|
|
|
100
|
|
Bloomfield Township Board of Education, Essex County, New Jersey, General Obligation Bonds,
|
No Opt. Call
|
AA–
|
105,916
|
|
|
Series 2011, 3.000%, 9/01/16
|
|
|
|
10
|
|
Hillsborough Township School District, Somerset County, New Jersey, General Obligation School
|
No Opt. Call
|
AA–
|
11,333
|
|
|
Bonds, Series 2001, 5.375%, 10/01/16 – AGM Insured
|
|
|
|
255
|
|
Millville, New Jersey, General Obligation Bonds, Improvement Series 2011, 5.000%, 11/01/14 –
|
No Opt. Call
|
AA–
|
263,810
|
|
|
AGM Insured
|
|
|
|
50
|
|
Monmouth County Improvement Authority, New Jersey, Governmental Loan Revenue Bonds, Series
|
No Opt. Call
|
N/R
|
51,745
|
|
|
2005, 5.000%, 12/01/14 – AMBAC Insured
|
|
|
|
150
|
|
Monmouth County Improvement Authority, New Jersey, Governmental Loan Revenue Bonds, Series
|
No Opt. Call
|
N/R
|
161,037
|
|
|
2006, 5.000%, 12/01/15 – AMBAC Insured
|
|
|
|
150
|
|
Monmouth County Improvement Authority, New Jersey, Governmental Loan Revenue Bonds, Series
|
No Opt. Call
|
N/R
|
166,043
|
|
|
2007, 5.000%, 12/01/16 – AMBAC Insured
|
|
|
|
500
|
|
Newark Housing Authority, New Jersey, City-Secured Police Facility Revenue Bonds, South Ward
|
12/19 at 100.00
|
A3
|
576,210
|
|
|
Police Facility, Series 2009A, 6.750%, 12/01/38 – AGC Insured
|
|
|
|
30
|
|
North Bergen Township, New Jersey, General Obligation Bonds, General Improvement Series 2009,
|
No Opt. Call
|
AA–
|
32,919
|
|
|
4.000%, 2/01/17
|
|
|
|
75
|
|
Passaic County, New Jersey, General Obligation Bonds, Refunding Series 2009, 3.000%, 9/01/14 –
|
No Opt. Call
|
Aa3
|
76,175
|
|
|
AGC Insured
|
|
|
|
50
|
|
Passaic County, New Jersey, General Obligation Bonds, Series 2004, 3.500%, 3/15/15 –
|
No Opt. Call
|
Aa3
|
51,753
|
|
|
NPFG Insured
|
|
|
|
75
|
|
Peapack-Gladstone, New Jersey, General Obligation Bonds, General Improvements Series 2009,
|
No Opt. Call
|
Aa2
|
76,682
|
|
|
3.000%, 12/01/14
|
|
|
|
350
|
|
South Brunswick Township Board of Education, Middlesex County, New Jersey, General Obligation
|
No Opt. Call
|
AA+
|
364,301
|
|
|
Bonds, Refunding School Series 2014, 3.000%, 8/01/15 (WI/DD, Settling 2/12/14)
|
|
|
|
25
|
|
Swedesboro Woolwich Consolidated School District, Gloucester County, New Jersey, General
|
No Opt. Call
|
Aa3
|
25,964
|
|
|
Obligation Bonds, Series 2007, 4.000%, 2/15/15 – AGM Insured
|
|
|
|
150
|
|
Union County Utilities Authority, New Jersey, Resource Recovery Facility Lease Revenue
|
12/21 at 100.00
|
AA+
|
157,803
|
|
|
Refunding Bonds, Covanta Union Inc. Lessee, Series 2011B, 5.250%, 12/01/31 (Alternative
|
|
|
|
|
|
Minimum Tax)
|
|
|
|
170
|
|
Union County Utilities Authority, New Jersey, Solid Waste System County Deficiency Revenue
|
6/21 at 100.00
|
AA+
|
179,920
|
|
|
Bonds, Series 2011A, 5.000%, 6/15/41
|
|
|
|
100
|
|
Upper Freehold Township, New Jersey, General Obligation Bonds, Series 2012, 3.000%, 12/15/14
|
No Opt. Call
|
AA
|
102,293
|
100
|
|
Winslow Township, New Jersey, General Obligation Bonds, Refunding Series 2007, 5.000%,
|
No Opt. Call
|
A1
|
102,991
|
|
|
10/01/14 – AGM Insured
|
|
|
|
2,340
|
|
Total Tax Obligation/General
|
|
|
2,506,895
|
|
|
Tax Obligation/Limited – 28.7% (27.7% of Total Investments)
|
|
|
|
200
|
|
Garden State Preservation Trust, New Jersey, Open Space and Farmland Preservation Bonds,
|
No Opt. Call
|
AAA
|
245,552
|
|
|
Series 2005A, 5.750%, 11/01/28 – AGM Insured
|
|
|
|
630
|
|
Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2009A, 5.750%, 12/01/34
|
12/19 at 100.00
|
BBB+
|
663,529
|
|
|
New Jersey Economic Development Authority, Cigarette Tax Revenue Refunding Bonds, Series 2012:
|
|
|
|
100
|
|
5.000%, 6/15/14
|
No Opt. Call
|
BBB+
|
101,669
|
250
|
|
5.000%, 6/15/25
|
6/22 at 100.00
|
BBB+
|
266,423
|
400
|
|
5.000%, 6/15/28
|
No Opt. Call
|
BBB+
|
418,492
|
700
|
|
New Jersey Health Care Facilities Financing Authority, State Contract Bonds, Hospital Asset
|
10/18 at 100.00
|
A+
|
719,754
|
|
|
Transformation Program, Series 2008A, 5.250%, 10/01/38
|
|
|
|
2,000
|
|
New Jersey Health Care Facilities Financing Authority, State Contract Bonds, Hospital Asset
|
10/19 at 100.00
|
A+
|
2,251,260
|
|
|
Transformation Program, Series 2009A, 5.750%, 10/01/31
|
|
|
|
5,380
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2009A,
|
No Opt. Call
|
A+
|
1,250,527
|
|
|
0.000%, 12/15/39
|
|
|
|
1,300
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%,
|
No Opt. Call
|
AA–
|
84,305
|
|
|
8/01/54 – AMBAC Insured
|
|
|
|
105
|
|
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Senior Lien
|
10/20 at 100.00
|
BBB
|
107,230
|
|
|
Series 2010A, 5.000%, 10/01/29
|
|
|
|
1,000
|
|
Virgin Islands Public Finance Authority, Revenue Bonds, Senior Lien Matching Fund Loan Notes,
|
10/19 at 100.00
|
BBB
|
983,600
|
|
|
Series 2009A-1, 5.000%, 10/01/39
|
|
|
|
12,065
|
|
Total Tax Obligation/Limited
|
|
|
7,092,341
|
|
|
Transportation – 9.1% (8.7% of Total Investments)
|
|
|
|
250
|
|
Casino Reinvestment Development Authority, New Jersey, Parking Revenue Bonds, Series 2005A,
|
6/15 at 100.00
|
A
|
258,573
|
|
|
5.250%, 6/01/20 – NPFG Insured
|
|
|
|
250
|
|
Delaware River Port Authority, Pennsylvania and New Jersey, Revenue Refunding Bonds, Port
|
No Opt. Call
|
BBB
|
253,945
|
|
|
District Project, Series 2012, 5.000%, 1/01/27
|
|
|
|
190
|
|
New Jersey Economic Development Authority, Private Activity Bonds, The Goethals Bridge
|
1/24 at 100.00
|
BBB–
|
192,656
|
|
|
Replacement Project, Series 2013, 5.625%, 1/01/52 (Alternative Minimum Tax)
|
|
|
|
500
|
|
New Jersey Economic Development Authority, Revenue Bonds, American Airlines Inc., Series 1991,
|
No Opt. Call
|
N/R
|
355,545
|
|
|
7.100%, 11/01/31 (Alternative Minimum Tax) (5)
|
|
|
|
|
|
New Jersey Turnpike Authority, Revenue Bonds, Series 1991C:
|
|
|
|
20
|
|
6.500%, 1/01/16
|
No Opt. Call
|
A3
|
22,249
|
5
|
|
6.500%, 1/01/16 – AMBAC Insured
|
No Opt. Call
|
A3
|
5,562
|
765
|
|
New Jersey Turnpike Authority, Revenue Bonds, Series 2009E, 5.250%, 1/01/40
|
1/19 at 100.00
|
A+
|
808,146
|
315
|
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Seventy
|
12/23 at 100.00
|
AA–
|
337,869
|
|
|
Ninth Series 2013, 5.000%, 12/01/43
|
|
|
|
2,295
|
|
Total Transportation
|
|
|
2,234,545
|
|
|
U.S. Guaranteed – 6.4% (6.1% of Total Investments) (6)
|
|
|
|
50
|
|
New Jersey Economic Development Authority, Cigarette Tax Revenue Bonds, Series 2004, 5.500%,
|
No Opt. Call
|
Aaa
|
56,055
|
|
|
6/15/16 – RAAI Insured (ETM)
|
|
|
|
|
|
New Jersey Economic Development Authority, Cigarette Tax Revenue Bonds, Series 2004:
|
|
|
|
25
|
|
5.750%, 6/15/29 (Pre-refunded 6/15/14) – AGC Insured
|
6/14 at 100.00
|
Aaa
|
25,524
|
1,000
|
|
5.750%, 6/15/34 (Pre-refunded 6/15/14)
|
6/14 at 100.00
|
Aaa
|
1,020,970
|
50
|
|
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series
|
9/14 at 100.00
|
AA– (6)
|
51,420
|
|
|
2007-T3, 5.000%, 9/01/20 (Pre-refunded 9/01/14) – AGM Insured
|
|
|
|
|
|
New Jersey Turnpike Authority, Revenue Bonds, Series 1991C:
|
|
|
|
15
|
|
6.500%, 1/01/16 (ETM)
|
No Opt. Call
|
A3 (6)
|
16,776
|
70
|
|
6.500%, 1/01/16 (ETM)
|
No Opt. Call
|
AA+ (6)
|
78,295
|
240
|
|
6.500%, 1/01/16 (ETM)
|
No Opt. Call
|
AA+ (6)
|
254,717
|
65
|
|
6.500%, 1/01/16 – NPFG Insured (ETM)
|
No Opt. Call
|
AA– (6)
|
68,986
|
1,515
|
|
Total U.S. Guaranteed
|
|
|
1,572,743
|
|
|
Utilities – 1.5% (1.4% of Total Investments)
|
|
|
|
300
|
|
Industrial Pollution Control Financing Authority of Cape May County (New Jersey), Pollution
|
No Opt. Call
|
A
|
368,956
|
|
|
Control Revenue Refunding Bonds, 1991 Series A (Atlantic City Electric Company Project),
|
|
|
|
|
|
6.800%, 3/01/21 – NPFG Insured
|
|
|
|
$ 30,140
|
|
Total Municipal Bonds (cost $23,022,374)
|
|
|
25,309,635
|
|
Shares
|
|
Description
|
|
|
Value
|
|
|
COMMON STOCKS – 0.4% (0.4% of Total Investments)
|
|
|
|
|
|
Airlines – 0.4% (0.4% of Total Investments)
|
|
|
|
$ 3,125
|
|
American Airlines Group Inc. (7)
|
|
|
$ 104,844
|
|
|
Total Common Stocks (cost $80,554)
|
|
|
104,844
|
|
Shares
|
|
Description
|
Coupon
|
Ratings (3)
|
Value
|
|
|
CONVERTIBLE PREFERRED SECURITIES – 0.9% (0.9% of Total Investments)
|
|
|
|
|
|
Airlines – 0.9% (0.9% of Total Investments)
|
|
|
|
$ 8,698
|
|
American Airlines Group Inc. (7)
|
6.250%
|
N/R
|
$ 231,976
|
|
|
Total Convertible Preferred Securities (cost $221,960)
|
|
|
231,976
|
|
|
Total Long-Term Investments (cost $23,324,888)
|
|
|
25,646,455
|
|
|
Floating Rate Obligations – (6.1)%
|
|
|
(1,500,000)
|
|
|
Other Assets Less Liabilities – 2.2%
|
|
|
543,514
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 24,689,969
|