N-Q 1 c47043nvq.htm FORM N-Q N-Q
Table of Contents

 
 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-22018
Nuveen Multi-Currency Short-Term Government
Income Fund
(Exact name of registrant as specified in charter)
     333 West Wacker Drive, Chicago, Illinois 60606     
(Address of principal executive offices) (Zip code)
Kevin J. McCarthy—Vice President and Secretary
     333 West Wacker Drive, Chicago, Illinois 60606     
(Name and address of agent for service)
Registrant’s telephone number, including area code:      312-917-7700     
Date of fiscal year end:        12/31      
Date of reporting period:    9/30/2008   
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
 
 

 


TABLE OF CONTENTS

Item 1. Schedule of Investments
Item 2. Controls and Procedures
Item 3. Exhibits
SIGNATURES
EX-99.CERT


Table of Contents

Item 1. Schedule of Investments
Portfolio of Investments (Unaudited)
Nuveen Multi-Currency Short-Term Government Income Fund (JGT)
September 30, 2008
                             
Principal                        
Amount (000)     Description (1)   Coupon   Maturity   Ratings (2)   Value  
 
 
 
                   
 
Asset-Backed Securities – 4.3%
 
 
                   
 
Autos – 2.4%
 
 
                   
$ 978    
Capital Auto Receivables Asset Trust, Series 2006-2, Class A3B
  2.548%   5/15/11   AAA   $ 958,037  
  4,000    
Capital Auto Receivables Asset Trust, Series 2008-A2B
  3.190%   9/15/10   AAA     3,995,934  
  414    
Daimler Chrysler Auto Trust 2008-A A1
  3.150%   3/09/09   A-1+     413,488  
  5,000    
Fifth Third Auto Trust 2008-1a-2B
  3.740%   2/15/11   AAA     4,999,724  
  460    
Ford Credit Auto Owner Trust, Asset Backed Notes, Class A2A, Series 2006C
  5.290%   12/15/09   AAA     460,736  
  3,000    
Ford Credit Auto Owners Trust 2008B-A2
  3.690%   12/10/10   AAA     2,979,503  
  934    
Harley-Davidson Motorcycle Trust 2006-3 Class A3
  5.240%   1/15/12   AAA     932,425  
  798    
Harley-Davidson Motorcycle Trust, Series 2007-2A2
  5.260%   12/15/10   AAA     799,747  
  1,947    
Nissan Auto Receivables Owner Trust 2006-CA3
  5.440%   4/15/10   AAA     1,953,682  
  1,000    
Nissan Auto Receivables Owner Trust, Series 2008-A2
  2.990%   5/17/10   AAA     997,229  
 
  18,531    
Total Autos
                18,490,505  
 
 
 
                   
 
Cards – 0.1%
 
 
                   
  1,000    
MBNA Credit Card Master Note Trust, Class A4, Series 2006
  2.480%   9/15/11   AAA     994,613  
 
 
 
                   
 
Other – 1.8%
 
 
                   
  4,000    
NelNet Student Loan Trust 2008-4 Class A1
  3.330%   4/27/15   AAA     4,004,546  
  5,710    
SLM Student Loan Trust 2007-7 Class A1
  2.940%   10/25/12   AAA     5,656,698  
  2,000    
SLM Student Loan Trust 2008-6 Class A1
  3.360%   10/27/14   AAA     1,988,532  
  1,886    
SLM Student Loan Trust, Series 2008-1, Class A1
  3.050%   7/25/13   AAA     1,873,939  
 
  13,596    
Total Other
                13,523,715  
 
$ 33,127    
Total Asset-Backed Securities (cost $33,127,810)
                33,008,833  
 
                             
Principal                      
Amount (000)     Description (1)   Coupon   Maturity   Ratings (2)   Value  
 
   
 
                       
 
Sovereign Debt – 36.0%
   
 
                   
 
 
Brazil – 0.1%
   
 
                       
  1,835 BRL    
Letra De Tesouro Nacional (3)
  0.000%   1/01/09   N/R   $ 933,042  
 
   
 
                       
 
Colombia – 1.7%
   
 
                       
  28,500,000 COP    
Republic of Colombia
  11.750%   3/01/10   BB+     13,234,166  
 
   
 
                       
 
Hungary – 6.9%
   
 
                       
  9,500,000 HUF    
Republic of Hungary, Treasury Bill
  6.750%   4/12/10   BBB+     53,025,379  
 
   
 
                       
 
Iceland – 1.0%
   
 
                       
  820,000 ISK    
Republic of Iceland, Treasury Obligations
  8.500%   6/12/09   A-     7,600,498  
 
   
 
                       
 
Mexico – 2.7%
   
 
                       
  116,464 MXN    
Mexican Treasury Bills
  0.000%   12/04/08   N/R     10,490,281  
  119,670 MXN    
Mexican Treasury Bills (3)
  0.000%   2/12/09   N/R     10,614,235  
 
  236,134 MXN    
Total Mexico
                21,104,516  
 
   
 
                       
 
Norway – 2.9%
   
 
                       
  130,000 NOK    
Norwegian Government Bond
  5.500%   5/15/09   AAA     22,057,924  
 
   
 
                       
 
Turkey – 16.5%
   
 
                       
  10,000 TRY    
Republic of Turkey, Government Bond
  14.000%   1/19/11   BB-     7,152,422  
  164,000 TRY    
Republic of Turkey, Government Bond
  16.000%   3/07/12   N/R     120,464,750  
 
  174,000 TRY    
Total Turkey
                127,617,172  
 
   
 
                       
 
United Kingdom – 4.2%
   
 
                       
  17960 GBP    
United Kingdom, Treasury Bill
  4.000%   3/07/09   AAA     31,991,276  
 
       
Total Sovereign Debt (cost $291,976,198)
                277,563,973  
   
                             
Principal                        
Amount (000)     Description (1)   Coupon   Maturity   Ratings (2)   Value  
 
 
 
                   
 
U.S. Government and Agency Obligations – 24.4%
 
 
                   
$ 35,250    
Federal Home Loan Banks, Discount Notes
  0.000%   12/01/08   Aaa   $ 35,102,162  
  36,675    
Federal Home Loan Banks, Discount Notes
  0.000%   12/05/08   Aaa     36,511,099  
  7,230    
Federal Home Loan Banks, Discount Notes
  0.000%   12/17/08   Aaa     7,191,724  
  47,000    
Federal Home Loan Banks, Discount Notes (4)
  0.000%   1/02/09   Aaa     46,659,438  
  5,000    
Federal Home Loan Banks, Discount Notes
  0.000%   1/09/09   Aaa     4,961,040  
  37,290    
Federal Home Loan Banks, Discount Notes (4)
  0.000%   1/12/09   Aaa     36,990,748  
  9,000    
Federal Home Loan Banks, Discount Notes (4)
  0.000%   2/03/09   Aaa     8,908,596  
  12,500    
Federal Home Loan Banks, Discount Notes (4)
  0.000%   2/06/09   Aaa     12,370,000  
 
$ 189,945    
Total U.S. Government and Agency Obligations (cost $188,815,278)
                188,694,807  
 
                             
Principal                        
Amount (000) (5)     Description (1)   Coupon   Maturity   Ratings (2)   Value  
 
 
 
                   
 
Short-Term Investments – 43.9%
 
 
                   
 
 
Sovereign Debt – 1.4%
 
 
                   
 
 
Mexico – 1.4%
 
 
                   
118,023 MXN  
Mexican Treasury Bills
  0.000%   10/23/08   N/R   $ 10,737,574  
 
 
 
                   
 
U.S. Government and Agency Obligations – 39.3%
 
 
                   
$ 23,500    
Federal Home Loan Banks, Discount Notes
  0.000%   10/01/08   Aaa     23,500,000  
  34,600    
Federal Home Loan Banks, Discount Notes
  0.000%   10/03/08   Aaa     34,595,977  
  7,600    
Federal Home Loan Banks, Discount Notes
  0.000%   10/08/08   Aaa     7,596,919  
  76,315    
Federal Home Loan Banks, Discount Notes
  0.000%   10/10/08   Aaa     76,270,737  
  50,325    
Federal Home Loan Banks, Discount Notes
  0.000%   10/15/08   Aaa     50,279,009  
  4,000    
Federal Home Loan Banks, Discount Notes
  0.000%   10/20/08   Aaa     3,995,567  
  25,250    
Federal Home Loan Banks, Discount Notes
  0.000%   10/24/08   Aaa     25,215,962  
  12,000    
Federal Home Loan Banks, Discount Notes
  0.000%   10/29/08   Aaa     11,980,867  
  9,500    
Federal Home Loan Banks, Discount Notes
  0.000%   11/14/08   Aaa     9,472,132  
  52,185    
Federal Home Loan Banks, Discount Notes
  0.000%   11/17/08   Aaa     52,038,520  
  8,500    
U.S. Treasury Bills (4)
  0.000%   11/20/08   Aaa     8,477,746  
 
  303,775    
Total U.S. Government and Agency Obligations
                303,423,436  
 
 
 
                   
 
Repurchase Agreements – 3.2%
 
 
                   
24,519    
Repurchase Agreement with State Street Bank, dated 9/30/08, repurchase price
  0.100%   10/01/08   N/A   24,519,048  
 
$24,519,116, collateralized by $25,025,000, U.S. Treasury Bills, 0.000%,
                   
 
due 12/18/08, value 25,012,488
                   
   
 
Total Short-Term Investments (cost $339,476,417)
                338,680,058  
   
 
Total Investments (cost $853,395,703) – 108.6%
                837,947,671  
   
 
Other Assets Less Liabilities – (8.6)%
                (66,244,464 )
   
 
Net Assets – 100%
              $ 771,703,207  
   
Forward Foreign Currency Exchange Contracts outstanding at September 30, 2008:
                                                
                            Unrealized
Currency                   Appreciation
Contracts to   Amount   In Exchange   Amount   Settlement   (Depreciation)
Deliver   (Local Currency)   For Currency   (Local Currency)   Date   (U.S. Dollars)
 
Australian Dollar
    17,000,000     U.S. Dollar     14,628,330     10/09/08   $ 1,196,458  
Australian Dollar
    1,557,938     U.S. Dollar     1,344,345     10/09/08     113,402  
Australian Dollar
    33,000,000     U.S. Dollar     28,351,620     10/23/08     2,287,227  
Australian Dollar
    39,000,000     U.S. Dollar     32,192,550     10/23/08     1,389,176  
Brazilian Real
    34,630,000     U.S. Dollar     20,000,000     10/02/08     1,801,461  
Brazilian Real
    34,620,000     U.S. Dollar     20,000,000     10/02/08     1,806,716  
Brazilian Real
    17,620,000     U.S. Dollar     9,502,751     10/02/08     243,199  
Brazilian Real
    17,000,000     U.S. Dollar     9,169,364     10/02/08     235,631  
Brazilian Real
    37,720,000     U.S. Dollar     20,000,000     10/02/08     177,624  
Brazilian Real
    37,850,000     U.S. Dollar     20,000,000     10/02/08     109,307  
Brazilian Real
    22,778,000     U.S. Dollar     12,419,847     10/02/08     449,697  
Colombian Peso
    16,896,000,000     U.S. Dollar     8,000,000     10/17/08     300,544  
Colombian Peso
    18,990,000,000     U.S. Dollar     9,000,000     10/17/08     346,314  
Colombian Peso
    16,260,000,000     U.S. Dollar     7,428,049     10/17/08     18,416  
Colombian Peso
    15,000,000,000     U.S. Dollar     6,833,713     10/17/08     (1,742 )
Colombian Peso
    32,895,000,000     U.S. Dollar     15,000,000     10/23/08     24,562  
Hungarian Forint
    1,792,165,000     U.S. Dollar     11,977,311     11/05/08     1,592,139  
Iceland Krona
    757,080,000     U.S. Dollar     8,170,516     11/17/08     1,072,000  
Iceland Krona
    799,072,027     U.S. Dollar     9,237,827     6/12/09     1,935,048  
Mexican Peso
    442,000,000     U.S. Dollar     40,881,259     10/15/08     532,458  
Mexican Peso
    148,020,450     U.S. Dollar     13,734,210     10/15/08     221,885  
Mexican Peso
    180,000,000     U.S. Dollar     16,682,113     10/20/08     260,839  
Mexican Peso
    170,000,000     U.S. Dollar     15,751,679     10/20/08     242,698  
Mexican Peso
    196,564,500     U.S. Dollar     18,137,439     11/18/08     270,908  
Mexican Peso
    196,574,000     U.S. Dollar     18,135,806     11/18/08     268,411  
New Turkish Lira
    55,671,000     U.S. Dollar     43,672,093     11/14/08     448,140  
New Turkish Lira
    61,200,000     U.S. Dollar     48,018,831     11/14/08     502,064  
New Zealand Dollar
    16,600,000     U.S. Dollar     10,968,533     10/23/08     (111,434 )
New Zealand Dollar
    10,000,000     U.S. Dollar     6,605,400     10/23/08     (69,279 )
New Zealand Dollar
    18,000,000     U.S. Dollar     11,848,320     11/17/08     (131,762 )
New Zealand Dollar
    18,000,000     U.S. Dollar     11,850,750     11/17/08     (129,332 )
New Zealand Dollar
    22,000,000     U.S. Dollar     14,473,580     11/21/08     (162,282 )
New Zealand Dollar
    25,000,000     U.S. Dollar     16,449,000     11/21/08     (182,661 )
Norwegian Krone
    60,000,000     U.S. Dollar     10,443,137     10/17/08     240,094  
Pound Sterling
    11,200,000     U.S. Dollar     19,946,640     11/06/08     (14,565 )
Pound Sterling
    17,000,000     U.S. Dollar     30,220,730     12/09/08     (83,253 )
South African Rand
    83,020,000     U.S. Dollar     10,000,000     10/21/08     20,473  
South African Rand
    82,915,000     U.S. Dollar     10,000,000     10/21/08     33,094  
South African Rand
    78,543,000     U.S. Dollar     9,472,713     10/21/08     31,349  
U.S. Dollar
    48,393,927     Brazilian Real     80,000,000     10/02/08     (6,352,831 )
U.S. Dollar
    52,942,101     Brazilian Real     87,598,000     10/02/08     (6,908,153 )
U.S. Dollar
    18,612,903     Brazilian Real     34,620,000     10/02/08     (419,619 )
U.S. Dollar
    10,000,000     Ukraine Hryvna     47,790,000     10/08/08     (595,197 )
U.S. Dollar
    17,590,142     Australian Dollar     18,557,938     10/09/08     (2,927,327 )
U.S. Dollar
    17,000,000     Ukraine Hryvna     87,040,000     10/09/08     125,361  
U.S. Dollar
    42,363,541     Mexican Peso     442,000,000     10/15/08     (2,014,739 )
U.S. Dollar
    14,180,921     Mexican Peso     148,020,450     10/15/08     (668,595 )
U.S. Dollar
    14,890,839     Colombian Peso     27,146,000,000     10/17/08     (2,520,489 )
U.S. Dollar
    21,905,805     Colombian Peso     40,000,000,000     10/17/08     (3,677,925 )
U.S. Dollar
    26,503,860     Norwegian Krone     135,578,640     10/17/08     (3,448,615 )
U.S. Dollar
    10,000,000     Egyptian Pound     54,265,000     10/20/08     (118,764 )
U.S. Dollar
    16,985,939     Mexican Peso     180,000,000     10/20/08     (564,665 )
U.S. Dollar
    16,040,006     Mexican Peso     170,000,000     10/20/08     (531,025 )
U.S. Dollar
    14,737,975     South African Rand     115,147,800     10/21/08     (896,484 )
U.S. Dollar
    10,058,010     South African Rand     78,543,000     10/21/08     (616,646 )
U.S. Dollar
    36,021,252     South African Rand     281,362,000     10/21/08     (2,199,766 )
U.S. Dollar
    24,000,000     South African Rand     192,639,240     10/21/08     (843,549 )
U.S. Dollar
    68,548,320     Australian Dollar     72,000,000     10/23/08     (11,680,553 )
U.S. Dollar
    22,769,778     Colombian Peso     41,964,700,000     10/23/08     (3,665,362 )
U.S. Dollar
    13,575,889     Colombian Peso     25,000,000,000     10/23/08     (2,194,648 )
U.S. Dollar
    3,457,883     Colombian Peso     6,338,300,000     10/23/08     (572,374 )
U.S. Dollar
    12,468,758     New Zealand Dollar     16,600,000     10/23/08     (1,388,791 )
U.S. Dollar
    7,511,300     New Zealand Dollar     10,000,000     10/23/08     (836,621 )
U.S. Dollar
    9,000,000     Indian Rupee     385,380,000     10/29/08     (793,209 )
U.S. Dollar
    10,000,000     Philippine Peso     445,100,000     10/30/08     (538,180 )
U.S. Dollar
    8,000,000     Indian Rupee     347,120,000     10/31/08     (607,894 )
U.S. Dollar
    10,000,000     Indonesian Rupiah     92,250,000,000     11/03/08     (258,712 )
U.S. Dollar
    20,000,000     Brazilian Real     36,300,000     11/04/08     (1,050,869 )
U.S. Dollar
    24,000,000     Brazilian Real     43,584,000     11/04/08     (1,248,515 )
U.S. Dollar
    12,351,825     Brazilian Real     22,778,000     11/04/08     (461,376 )
U.S. Dollar
    22,048,880     Pound Sterling     11,200,000     11/06/08     (2,087,675 )
U.S. Dollar
    10,000,000     Ukraine Hryvna     48,100,000     11/12/08     (611,109 )
U.S. Dollar
    10,107,522     New Turkish Lira     13,048,306     11/14/08     23,414  
U.S. Dollar
    8,000,000     New Turkish Lira     10,078,800     11/14/08     (174,641 )
U.S. Dollar
    10,000,000     Ukraine Hryvna     48,350,000     11/14/08     (567,913 )
U.S. Dollar
    9,000,000     Iceland Krona     757,080,000     11/17/08     (1,901,484 )
U.S. Dollar
    9,000,000     Indonesian Rupiah     83,430,000,000     11/17/08     (210,238 )
U.S. Dollar
    9,000,000     Indonesian Rupiah     83,430,000,000     11/17/08     (210,238 )
U.S. Dollar
    12,347,280     New Zealand Dollar     18,000,000     11/17/08     (367,198 )
U.S. Dollar
    12,344,220     New Zealand Dollar     18,000,000     11/17/08     (364,138 )
U.S. Dollar
    19,000,000     Mexican Peso     196,574,000     11/18/08     (1,132,605 )
U.S. Dollar
    19,000,000     Mexican Peso     196,564,500     11/18/08     (1,133,468 )
U.S. Dollar
    24,522,750     New Zealand Dollar     35,000,000     11/21/08     (1,238,425 )
U.S. Dollar
    17,511,250     New Zealand Dollar     25,000,000     11/21/08     (879,589 )
U.S. Dollar
    8,000,000     Vietnam Dong     138,400,000,000     11/21/08     48,528  
U.S. Dollar
    24,417,299     Indonesian Rupiah     228,375,000,000     11/24/08     (384,368 )
U.S. Dollar
    25,000,000     Mexican Peso     266,262,500     11/24/08     (816,871 )
U.S. Dollar
    8,000,000     Chilean Peso     4,208,000,000     11/28/08     (409,184 )
U.S. Dollar
    8,000,000     Chilean Peso     4,212,000,000     11/28/08     (401,969 )
U.S. Dollar
    4,000,000     Vietnam Dong     84,400,000,000     11/28/08     889,333  
U.S. Dollar
    4,000,000     Vietnam Dong     84,000,000,000     12/04/08     851,420  
U.S. Dollar
    4,000,000     Vietnam Dong     84,000,000,000     12/04/08     851,420  
U.S. Dollar
    30,022,000     Pound Sterling     17,000,000     12/09/08     281,983  
U.S. Dollar
    50,000,000     Hong Kong Dollar     385,250,000     5/06/10     14,002  
 
 
                          $ (53,122,121 )
 
     
 (1)  
All percentages shown in the Portfolio of Investments are based on net assets.
   
 
 (2)  
Ratings: Using the higher of Standard & Poor’s Group (“Standard & Poor’s”) or Moody’s Investor Service, Inc. (“Moody’s”) rating. Ratings below BBB by Standard & Poor’s or Baa by Moody’s are considered to be below investment grade.
   
 
 (3)  
Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board of Trustees.
   
 
 (4)  
Portion of investments have been pledged to collateralize the net payment obligations under forward foreign currency exchange contracts.
   
 
 (5)  
Principal Amount denominated in U.S. Dollars unless otherwise noted.
   
 
N/A  
Not applicable/not available.
   
 
N/R  
Not rated.
   
 
BRL  
Brazilian Real
   
 
COP  
Colombian Peso
   
 
GBP  
Great British Pound Sterling
   
 
HUF  
Hungarian Forint
   
 
ISK  
Iceland Krona
   
 
MXN  
Mexican Peso
   
 
NOK  
Norwegian Krone
   
 
TRY  
New Turkish Lira
                                         
Fair Value Measurements
During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting Standards No. 157 (SFAS No. 157) “Fair Value Measurements.” SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosure about fair value measurements. In determining the value of the Fund’s investments various inputs are used. These inputs are summarized in the three broad levels listed below:
   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).
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
The following is a summary of the Fund’s fair value measurements as of September 30, 2008:
                                 
    Level 1     Level 2     Level 3     Total
Investments
  $ 32,996,795     $ 793,403,599     $ 11,547,277     $ 837,947,671  
Derivatives*
    -       (53,122,121 )     -       (53,122,121 )
                                 
Total
  $ 32,996,795     $ 740,281,478     $ 11,547,277     $ 784,825,550  
                                 
*  Represents net unrealized appreciation (depreciation).
 
The following is a reconciliation of the Fund’s Level 3 investments held at the beginning and end of the measurement period:
                 
            Level 3
            Investments
Balance as of December 31, 2007
          $ -  
Gains (losses):
               
Net realized gains (losses)
            -  
Net change in unrealized appreciation (depreciation)
            (758,639 )
Net purchases at cost (sales at proceeds)
            11,980,181  
Net discounts (premiums)
            325,735  
Net transfers in to (out of) at end of period fair value
            -  
                 
Balance as of September 30, 2008
          $ 11,547,277  
                 
Income Tax Information
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to amortization of premium, the recognition of unrealized gain or loss for tax (mark-to-market) for certain foreign currency contracts, and timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
At September 30, 2008, the cost of investments was $853,986,834.
Gross unrealized appreciation and gross unrealized depreciation of investments at September 30, 2008, were as follows:
         
 
 
       
Gross unrealized:
       
Appreciation
  $ 183,428  
Depreciation
    (16,222,591 )
 
       
 
 
       
Net unrealized appreciation (depreciation) of investments
  $ (16,039,163 )
 
       
 

 


Table of Contents

Item 2. Controls and Procedures.
  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 Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (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 registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 3. Exhibits.
File as exhibits as part of this Form 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)), exactly as set forth below: EX-99 CERT Attached hereto.

 


Table of Contents

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant)     Nuveen Multi-Currency Short-Term Government Income Fund
         
     
By (Signature and Title)*  /s/ Kevin J. McCarthy    
  Kevin J. McCarthy  
  Vice President and Secretary   
 
Date November 28, 2008
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
         
     
By (Signature and Title)*  /s/ Gifford R. Zimmerman    
  Gifford R. Zimmerman   
  Chief Administrative Officer (principal executive officer)   
 
Date November 28, 2008
         
     
By (Signature and Title)*  /s/ Stephen D. Foy    
  Stephen D. Foy   
  Vice President and Controller (principal financial officer)   
 
Date November 28, 2008
 
*   Print the name and title of each signing officer under his or her signature.