CORRESP 1 filename1.htm Nuveen Investments

April 19, 2013

Ms. Christina DiAngelo

U.S. Securities and Exchange Commission

450 5th Street, NW

Washington, D.C. 20549

Re: Nuveen Closed-End and Open-End Funds - Sarbanes Oxley Review Follow-Up Discussion

Dear Christina:

This letter addresses your comments provided in a telephone discussion on February 13, 2013. This was a follow-up discussion to our December 11, 2012, correspondence filing pertaining to our telephone discussion held on September 25, 2012. Each comment shown below was included in our December 11th correspondence filing and is followed by our current response. Unless otherwise noted, the responses relate to all funds listed on Appendix A.

 

1) Comment #8: The Nuveen.com website shows for leveraged Closed-End Funds (“CEFs”) two different expense ratios: one based on “Common Shares,” the other based on “Total Fund” An example of such a table:

 

         Total Fund      Common
Shares		  
  Management Fees      0.59%         0.90%   
  Interest Expenses      0.44%         0.64%   
  Other Expenses      0.09%         0.13%   
  Total      1.12%         1.67%   

The Staff believes that it is inherently misleading for a leveraged CEF to quote expense figures using “total fund net assets” as the denominator. First, generally accepted accounting principles (“GAAP”) specifies that expense figures be quoted using “net assets attributable to common shares” as the denominator. Second, no shareholder, common or preferred, actually “experiences” or pays the lower expense percentages expressed as a percentage of total fund net assets, and therefore those figures do not have any concrete meaning for shareholders. Accordingly, the Staff requests that these funds consider removing the expense figures based on total fund net assets from such tables, and include those figures in a much less prominent place, such as a footnote.

Revised Response: Nuveen understands the Staff’s position is not that the inclusion of fund-based expense figures are necessarily invalid, but that Nuveen’s website presentation inappropriately gives those figures “equal prominence” with the GAAP-compliant, common share-asset-based expense figures, which are not properly explained and contextualized. At the current time Nuveen is continuing to disclose such figures on its website with the disclosure modified to resemble the following (for the same fund but for a different period, so the numbers have changed slightly):

 

     Common
Shares		      Total Fund  

Management Fees

      0.89%         0.59%   

Other Expenses

      .10%         .07%   

Subtotal

      0.99%         0.66%   

Interest Expense From Leverage

      0.68%         0.48%   

Total Expenses

      1.67%         1.14%   

Fund fees and expenses are presented as a percentage of both common shareholder capital and total fund investment capital. Total investment capital includes common assets as well as assets attributable to the fund’s issuance of senior securities (e.g. preferred shares and other forms of leverage). The table’s first column presents the costs directly and indirectly borne by common shareholders on an investment in the fund’s common shares. The table’s second column presents the costs borne by the fund on its total investment capital, which enables a common shareholder to better understand how fund expenses impact portfolio investment returns. Interest expenses from leverage are shown separately, because they represent costs associated with the fund’s financing activities which are distinct from the costs associated with the fund’s underlying core operations.

Other Expenses and Total Expenses do not include interest expenses arising from externally created inverse floating rate securities (if any) held by the fund. Interest expense arises because accounting rules require the

fund to treat interest paid by trusts issuing self-created inverse floating rate instruments (if any) held by the fund as having been paid (indirectly) by the fund. Because the fund also recognizes a corresponding amount of additional income earned (also indirectly), the fund’s net asset value per share, net investment income and total return have not been affected by this accounting treatment. See the fund’s Annual Report for information on the fund’s inverse floating rate investments and recognized interest expense.

The expense ratio shown may reflect a voluntary expense waiver by the fund’s investment adviser which can be modified or discontinued at any time without notice and may also reflect custodian fee credits and legal fee refunds. Absent the limitation, credits and refunds, expenses would be higher and total returns would be less. See the fund’s Annual Report for information on expenses and waivers. Expense ratios do not reflect the effect of dividend payments to preferred shareholders.

Response filed on December 11th: Nuveen respectfully but strongly disagrees with any assertion that a leveraged CEF’s expense figures quoted as a percentage of total fund net assets are “not meaningful” and/or “inherently misleading” when such figures are accompanied by expense figures quoted as a percentage of common share net assets in equal prominence. Indeed, we believe that, for certain important purposes the total fund net asset figures are more meaningful and insightful than the common share net asset-based expense figures.

We agree with the Staff’s position that expenses expressed as a percentage of the net assets attributable to a CEF’s common shares is a relevant and meaningful indicator of expenses, because it is the common shareholders who end up paying, and therefore “experiencing”, those expenses. However, it is Nuveen’s and the Nuveen Funds’ view – and we believe that it is a commonly held view in the industry– that expense figures should also provide a shareholder or other investor a perspective on what proportion of a fund portfolio’s return-generating power is being reduced by the so-called “friction” associated with expenses. In a leveraged CEF, the returns of the fund are being generated on the total amount of the fund’s assets, not just on the amount of assets attributable to the fund’s common shares. Likewise, and perhaps more importantly to this discussion, fund expenses are by and large being generated and “experienced” at the total fund level, not at the common shareholder level. For example, management fees of the Nuveen CEFs are computed and paid based on the fund’s total net assets, and not on assets attributable to just the common shares. Similarly, most other types of expenses (e.g., audit, custodian, legal) are incurred with respect to or by reference to the entire fund, and not just to that portion of the fund or its assets that are attributable to common shares.

In a simple, non-leveraged example, a bond fund whose portfolio generates a 5% gross return and pays 1% in total expenses would experience a reduction of 20% of its return due to this “expense friction”. A fund that generates the same gross return with less “expense friction” than another fund could be thought of as producing that gross return more “efficiently.” Thus, expense figures provide investors with important indicators of a fund’s “expense efficiency”, and investors often wish to compare the expense efficiency of competing funds.

In an analogous but inherently more complicated leveraged CEF situation, quoting only expense figures (management fees, other expenses, and total expenses) based on common share net assets prevents the investor from truly being able to gauge a fund’s “expense efficiency”, because that set of expense figures would vary between two otherwise identical funds with identical fund-level expenses but differing leverage ratios in general proportion to those leverage ratios. The more highly levered fund will show higher expenses expressed as a percentage of common share net assets than the less levered fund, and will appear, falsely, to be less “expense efficient” than that less levered fund. And even that less-levered fund will appear to be less “expense efficient” than a non-levered fund. For example, a levered fund having a 33.3% leverage ratio ($33.33 of leveraging instrument for every $100 of total assets) and paying a management fee equal to .50% of fund net assets would show a management fee based on common share net assets of .75%, while a levered fund with a 20% leverage ratio and paying that same .50% management fee would show a management fee based on common share net assets of .625%, and a non-levered fund paying that same management fee would of course show a management fee of .50%. Investors in the latter fund would believe, based on those common share net asset-based expense figures, that their fund’s investment adviser was receiving a lower management fee than the adviser of the other funds, when in fact that was not the case.

Indeed, quoting only common share net asset-based expense figures without accompanying them with the CEF’s total fund net asset-based expense figures could even prove potentially misleading to investors, for example, in the circumstance where the more highly levered fund was actually paying lower management fees, custodian fees, audit fees, etc. on fund assets than a less-levered fund or especially a non-levered fund, but would still be quoting a higher set of expense ratios, for the mathematical reasons discussed above. Thus, providing a leveraged fund’s expense figures expressed as a percentage of total net assets (in addition to quoting its expense figures as a percentage of common share net assets) provides investors with the ability to compare the “expense efficiency” of leveraged funds with non-leveraged funds, and to compare the “expense efficiency” of funds having different leverage levels, on an apples-to-apples basis, in the sense that it shows the expenses generated by each dollar of assets of each of the funds being compared. So long as such total fund net asset-based expense figures are accompanied, with equal prominence, with common share net asset-based expense figures, the reader or investor cannot fairly claim to be misled by the former figures. Therefore, we intend to continue to quote expense figures as a percentage of total fund net assets side-by-side with expense figures quoted as a percentage as common share net assets.

2) Comment 13: Those funds that elected to retain a portion of their realized long-term capital gains disclose in their shareholder reports the total returns including the retained gain tax credit/refund and excluding the retained gain tax credit/refund. It is the SEC staff’s position that the total returns including the retained gain tax credit/refund be removed. The SEC gave examples of those funds, including;

 

  •  

Nuveen Diversified Dividend and Income Fund

  •  

Nuveen Global Value Opportunities Fund

Revised Response: We discussed the Staff’s questions pertaining to the response we provided in our December 11th correspondence filing and understand there is no further action or information being requested regarding this matter.

Response filed on December 11th: Set forth below is the relevant disclosure from one of the two funds cited by the staff (Nuveen Global Value Opportunities Fund (JGV)):

[Share Distributions and Price Information Section]

The following table provides information regarding the Fund’s distributions and total return performance for the fiscal year ended December 31, 2011. This information is intended to help you better understand whether the Fund’s returns for the specified time period were sufficient to meet the Fund’s distributions.

 

      As of 12/31/11    JGV  
 

  Inception date

      7/24/06     
 

  Fiscal year (calendar year) ended December 31, 2011:

   
 

  Per share distribution:

   
 

  From net investment income

      $0.83     
 

  From long-term capital gains

      0.18     
 

  From short-term capital gains

      0.28     
 

  Return of capital

      0.08     
 

  Total per share distribution

      $1.37     
 

  Distribution rate on NAV

      8.10%     
 

  Average annual total returns:

   
 

  Excluding retained gain tax credit/refund**:

   
 

  1-Year on NAV

      -10.28%     
 

  5-Year on NAV

      4.72%     
 

  Since inception on NAV

      6.04%     
 

  Including retained gain tax credit/refund**:

   
 

  1-Year on NAV

      -10.28%     
 

  5-Year on NAV

      4.89%     
 

  Since inception on NAV

      6.20%     

 

  ** The Fund elected to retain a portion of its realized long-term capital gains for the tax year ended December 31, 2007, and pay required federal corporate income taxes on this amount. As reported on Form 2439, shareholders on record date must include their pro-rata share of these gains on their applicable federal tax returns, and are entitled to take offsetting tax credits, for their pro-rata share of the taxes paid by the Fund. The total returns “Including retained gain tax credit/refund” include the economic benefit to shareholders on record date of these tax credits/refunds. The Fund had no retained capital gains for the tax years ended December 31, 2011 through December 31, 2008 or for the tax year ended December 31, 2006.

[Performance Overview Section]

 

Average Annual Total Returns

(Inception 7/24/06)

             
     On Share Price     On NAV  

1-Year

      -11.00%        -10.28%   

5-Year

      5.91%        4.72%   

Since Inception

      5.58%        6.04%   

Average Annual Total Returns 3

(Including retained gain tax credit/refund)

     

1-Year

      -11.00%        -10.28%   

5-Year

      6.10%        4.89%   

Since Inception

      5.74%        6.20%   

3 As previously explained in the Share Distribution and Price Information section of this report, the Fund elected to retain a portion of its realized long-term capital gains for the tax year ended December 31, 2007, and pay required federal corporate income taxes on these amounts. These standardized total returns include the economic benefit to shareholders of record of this tax credit/refund. The Fund had no retained capital gains for the tax years ended December 31, 2011 through December 31, 2008 or for the tax year ended December 31, 2006.

Whenever a fund retains and pays tax on a portion of its realized capital gains in a given tax year, the Internal Revenue Code provides that the fund also should distribute a capital gain tax “credit” to the fund’s shareholders that the shareholders can use, dollar-for-dollar, to reduce their own taxes. Fund shareholders simultaneously increase their cost basis by their ratable share of undistributed net capital gains, net of taxes paid by the fund. As a result, a fund that retains and pays tax on a net realized gain would provide virtually the same all-in “economic” (i.e., after-tax) return to its taxable shareholders as an otherwise identical fund that distributed its net realized capital gains to its shareholders (who then either paid capital gains tax on those gains or used those gains to offset losses that might otherwise have been usable to offset other or later gains). The tax credit that the fund distributes to its shareholders in the first instance provides a tangible and quantifiable benefit to those of its shareholders who pay taxes, but the value of that benefit is not reflected in the total returns calculated strictly from the fund’s financial records, because that tax credit is not quantified in financial statements as a “distribution;” while the tax payment by that fund does operate to reduce that fund’s total return figures.

The provision of an alternatively calculated supplemental total return figure in such instances to reflect the value to taxable shareholders of the fund’s distribution to shareholders of this sort of tax credit in addition to the fund’s cash distributions is fair, appropriate and not misleading. The shareholders did receive that tax credit, and that credit had real, quantifiable value to taxable shareholders. Note that a fund (“Fund A”) that had distributed the capital gain to shareholders would show, under ordinary calculation methodologies, a higher total return than an otherwise identical fund (“Fund B”) that had retained the gain, paid taxes on that gain (and thereby reduced fund assets and returns) and distributed a tax credit to shareholders, even though taxable shareholders of both of those otherwise identical funds would have experienced the same, or at least virtually the same, after-tax total returns from their fund investment. Therefore, providing – as a supplement to the ordinary, “without tax credit” total return figures – the alternative “with tax credit” total return figures merely enables a taxable shareholder to better understand the full economic value of the entirety of the fund’s distributions (cash plus tax credit), and would thereby enable such a shareholder to compare the full “economic return” of his or her investment in Fund B to the full economic return of an alternative investment in Fund A on an “apples-to-apples” basis.

There is strong precedent for the validity of supplementally quoting such “tax-reflective” return figures. Item 26(b)(5) of Form N-1A, which is applicable to open-end funds (Form N-2, applicable to closed-end funds, has no equivalent set of proscriptions and prescriptions as Item 26), expressly permits open-end funds to quote “tax equivalent yields” that “gross-up” the SEC yield of a municipal bond fund to a taxable rate that would be equivalent to the fund’s yield after taking into account the “economic impact” of the tax benefit that such a fund “distributes” to the fund, over and above of the amount of raw yield generated by the fund for its shareholders and reflected on the fund’s financial records, due to the tax-exempt nature of the fund’s exempt interest dividends. Similarly, Item 26(b)(6) of Form N-1A permits open-end funds to calculate and disclose supplemental performance figures calculated “using any other historical measure of performance . . . if the measure reflects all elements of return.” We submit that the set of total return figures that reflect the “element of return” represented by tax credits distributed by the fund to shareholders quoted supplementally by certain Nuveen Funds is closely analogous to the concept of taxable equivalent yield permitted by Item 26(b)(5), and is precisely the sort of supplemental performance figure expressly permitted by Item 26(b)(6). We strongly believe that such tax-adjusted total return figures, if properly labeled and described, should be permissible for closed-end funds as well as open-end funds.

3) Comment #24: The financial statements of Nuveen Global Government Enhanced Income Fund include a receivable in the amount of $871,186 due from Lehman Brothers Holdings, Inc. (“Lehman”). The notes to financial statements disclose that the fund’s Adviser has agreed to reimburse the fund to the extent that the receivable is not recovered from Lehman or another party. If the fund’s Adviser is guaranteeing the receivable due from Lehman, the fund’s shareholder report should include the Adviser’s financial statements.

Revised Response: We discussed the Staff’s questions pertaining to the response we provided in our December 11th correspondence filing and understand there is no further action or information being requested regarding this matter.

Response filed on December 11th: We respectfully disagree that the Adviser’s financial statements should be included in the Fund’s shareholder report, as we are unaware of any requirement for the inclusion by GAAP and we deem the amount to be immaterial to the fund. Nonetheless, we expect that this claim will be resolved prior to the Fund’s next fiscal year end so that any reimbursement obligation will not be reflected in the Fund’s financial statements.

 

4) Comment: In the funds’ notes to financial statements, the Income Tax footnote discloses that a fund may choose to retain all, or a portion of, its net capital gains and pay federal corporate income taxes on such amounts. For certain funds, the statement of cash flow also discloses amounts for taxes paid on undistributed capital gains. Where are such amounts recognized in the funds’ financial statements?

Revised Response: We discussed the Staff’s questions pertaining to the response we provided in our December 11th correspondence filing and understand there is no further action or information being requested regarding this matter.

Response filed on December 11th: Taxes paid on undistributed capital gains are recognized as a component of “Net realized gain (loss) from investments” on the statement of operations.

 

5) Comment #17: The Nuveen Core Equity Alpha Fund writes custom basket options on the NASDAQ. Consider disclosing the securities comprising those basket options and/or provide additional disclosure in the notes to financial statements about these options.

Revised Response: The fund has decided to disclose the securities comprising its custom basket options in its portfolio of investments in addition to the disclosure provided in the notes to financial statements as described in our December 11th correspondence filing.

Response filed on December 11th: The fund’s current disclosure within “Footnote 1 – General Information and Significant Accounting Policies” is as follows:

“The Fund’s investment objective is to provide an attractive level of total return, primarily through long-term capital appreciation and secondarily through income and gains. The Fund will invest in a portfolio of common stocks selected from among the 500 stocks comprising the S&P 500® Index, using a proprietary mathematical process designed by one of the Fund’s sub-advisers INTECH Investment Management LLC (“INTECH”), an independently managed indirect subsidiary of Janus Capital Group Inc., to select large cap, core equity securities and will also employ innovative risk reduction techniques. Typically, the Fund’s equity portfolio will hold 150-450 stocks included in the S&P 500® Index. The Fund will also employ an option strategy that seeks to enhance the Fund’s risk-adjusted performance over time through a meaningful reduction in the volatility of the Fund’s returns relative to the returns of the S&P 500® Index. The Fund expects to write (sell) custom basket call options with a notional value of up to 50% of the value of the equity portfolio. Nuveen Asset Management, LLC, a wholly-owned subsidiary of Nuveen Fund Advisors, Inc., (the “Adviser”), a wholly-owned subsidiary of Nuveen Investments, Inc. (“Nuveen”), is responsible for the Fund’s call option strategy and overseeing the Fund’s investments in futures contracts.”

The fund has determined to provide additional disclosure in the notes to financial statements about these custom basket options. At the current time, the fund contemplates that this disclosure will resemble the following:

“The Fund expects to write call options primarily on custom baskets of stocks that seek to track the return of the S&P 500 Index within parameters determined by the Adviser. A custom basket call option is an option whose value is linked to the market value of a portfolio of underlying stocks. In designing the custom basket call options, the Adviser will seek to minimize the difference between the returns of the stocks underlying the custom basket versus the S&P 500 Index. The Fund may also write call options on stock indexes or exchange-traded funds (commonly referred to as “ETFs”), when the Adviser believes such techniques are likely to be more efficient or effective than writing custom basket call options. The Fund normally will hold a small number of written custom basket call option positions with expirations generally of 60 days or less. The Fund expects that most call options in the Option Strategy will be slightly “out-of-the-money” (i.e., the exercise price is above the current level of the cash value of the stocks underlying the custom basket call options) at the time they are written. By employing custom basket call options primarily (rather than options on indexes), the Adviser expects that it will be better able to limit the overlap between the underlying common stocks included in each custom basket and the Fund’s portfolio of common stocks, which in turn helps enable the Fund to avoid tax straddles, which would potentially have negative tax implications and require the Fund to bear substantially greater accounting and administrative costs.”

/s/ Stephen D. Foy
Stephen D. Foy
Vice President and Funds’ Controller
(principal financial officer)

 

CC: Audit Committee of the Nuveen Funds
     Eric Fess, Chapman & Cutler, counsel to the Independent Trustees/Directors of the Nuveen Funds
     Walter Kelly, Chief Compliance Officer of the Nuveen Funds
     Mary Keefe, Director of Regulatory Affairs of Nuveen Investments, Inc.
     Joe Castro, Director of Compliance of Nuveen Investments, Inc.

APPENDIX A

 

     Registrant    Name    TICKER    CIK    File Number

    1

   Dow 30 Premium & Dividend Income Fund Inc.    Dow 30 Premium & Dividend Income Fund Inc.    DPD    0001314128    811-21708

    2

   Dow 30 Enhanced Premium & Income Fund Inc.    Dow 30 Enhanced Premium & Income Fund Inc.    DPO    0001390840    811-22029

    3

   Global Income & Currency Fund Inc.    Global Income & Currency Fund Inc.    GCF    0001334510    811-21791

    4

   Nuveen Core Equity Alpha Fund    Nuveen Core Equity Alpha Fund    JCE    0001385763    811-22003

    5

   Nuveen Diversified Dividend & Income Fund    Nuveen Diversified Dividend & Income Fund    JDD    0001255821    811-21407

    6

   Nuveen Tax-Advantaged Floating Rate Fund    Nuveen Tax-Advantaged Floating Rate Fund    JFP    0001313259    811-21705

    7

   Nuveen Floating Rate Income Fund    Nuveen Floating Rate Income Fund    JFR    0001276533    811-21494

    8

   Nuveen Global Government Enhanced Income Fund    Nuveen Global Government Enhanced Income Fund    JGG    0001359816    811-21893

    9

   Nuveen Multi-Currency Short-Term Government Income Fund    Nuveen Multi-Currency Short-Term Government Income Fund    JGT    0001390109    811-22018

  10

   Nuveen Global Value Opportunities Fund    Nuveen Global Value Opportunities Fund    JGV    0001363421    811-21903

  11

   Nuveen Quality Preferred Income Fund 3    Nuveen Quality Preferred Income Fund 3    JHP    0001200446    811-21242

  12

   Nuveen Equity Premium Advantage Fund    Nuveen Equity Premium Advantage Fund    JLA    0001320492    811-21731

  13

   Nuveen Mortgage Opportunity Term Fund    Nuveen Mortgage Opportunity Term Fund    JLS    0001472215    811-22329

  14

   Nuveen Energy MLP Total Return Fund    Nuveen Energy MLP Total Return Fund    JMF    0001502711    811-22482

  15

   Nuveen Mortgage Opportunity Term Fund 2    Nuveen Mortgage Opportunity Term Fund 2    JMT    0001479238    811-22374

  16

   Nuveen Preferred Income Opportunities Fund    Nuveen Preferred Income Opportunities Fund    JPC    0001216583    811-21293

  17

   Nuveen Equity Premium and Growth Fund    Nuveen Equity Premium and Growth Fund    JPG    0001338561    811-21809

  18

   Nuveen Quality Preferred Income Fund 2    Nuveen Quality Preferred Income Fund 2    JPS    0001176433    811-21137

  19

   Nuveen Equity Premium Income Fund    Nuveen Equity Premium Income Fund    JPZ    0001298699    811-21619

  20

   Nuveen Credit Strategies Income Fund    Nuveen Credit Strategies Income Fund    JQC    0001227476    811-21333

  21

   Nuveen Real Asset Income and Growth Fund    Nuveen Real Asset Income and Growth Fund    JRI    0001539337    811-22658

  22

   Nuveen Floating Rate Income Opportunity Fund    Nuveen Floating Rate Income Opportunity Fund    JRO    0001289213    811-21579

  23

   Nuveen Real Estate Income Fund    Nuveen Real Estate Income Fund    JRS    0001158289    811-10491

  24

   Nuveen Short Duration Credit Opportunities Fund    Nuveen Short Duration Credit Opportunities Fund    JSD    0001509253    811-22518

  25

   Nuveen Equity Premium Opportunity Fund    Nuveen Equity Premium Opportunity Fund    JSN    0001308658    811-21674

  26

   Nuveen Tax-Advantaged Total Return Strategy Fund    Nuveen Tax-Advantaged Total Return Strategy Fund    JTA    0001265708    811-21471

  27

   Nuveen Tax-Advantaged Dividend Growth Fund    Nuveen Tax-Advantaged Dividend Growth Fund    JTD    0001397173    811-22058

  28

   Nuveen Quality Preferred Income Fund    Nuveen Quality Preferred Income Fund    JTP    0001172168    811-21082

  29

   MLP & Strategic Equity Fund Inc.    MLP & Strategic Equity Fund Inc.    MTP    0001389611    811-22040

  30

   Nuveen California Dividend Advantage Municipal Fund    Nuveen California Dividend Advantage Municipal Fund    NAC    0001074952    811-09161

  31

   Nuveen Dividend Advantage Municipal Fund    Nuveen Dividend Advantage Municipal Fund    NAD    0001083839    811-09297

  32

   Nuveen New York Dividend Advantage Municipal Fund    Nuveen New York Dividend Advantage Municipal Fund    NAN    0001074769    811-09135

  33

   Nuveen Arizona Premium Income Municipal Fund, Inc.    Nuveen Arizona Premium Income Municipal Fund, Inc.    NAZ    0000892992    811-07278

  34

   Nuveen Build America Bond Fund    Nuveen Build America Bond Fund    NBB    0001478888    811-22391

  35

   Nuveen Build America Bond Opportunity Fund    Nuveen Build America Bond Opportunity Fund    NBD    0001493523    811-22425

  36

   Nuveen Ohio Dividend Advantage Municipal Fund 2    Nuveen Ohio Dividend Advantage Municipal Fund 2    NBJ    0001145728    811-10445

  37

   Nuveen California Municipal Value Fund Inc.    Nuveen California Municipal Value Fund Inc.    NCA    0000818851    811-05235

  38

   Nuveen California Municipal Value Fund 2    Nuveen California Municipal Value Fund 2    NCB    0001454979    811-22272

  39

   Nuveen Insured California Premium Income Municipal Fund 2 Inc.    Nuveen Insured California Premium Income Municipal Fund 2 Inc.    NCL    0000897422    811-07492

  40

   Nuveen California Municipal Market Opportunity Fund Inc.    Nuveen California Municipal Market Opportunity Fund Inc.    NCO    0000862313    811-06081

  41

   Nuveen California Performance Plus Municipal Fund Inc.    Nuveen California Performance Plus Municipal Fund Inc.    NCP    0000856227    811-05930

  42

   Nuveen California Premium Income Municipal Fund    Nuveen California Premium Income Municipal Fund    NCU    0000905000    811-07720

  43

   Nuveen Insured Tax-Free Advantage Municipal Fund    Nuveen Insured Tax-Free Advantage Municipal Fund    NEA    0001195737    811-21213

  44

   Nuveen Enhanced Municipal Value Fund    Nuveen Enhanced Municipal Value Fund    NEV    0001469392    811-22323

  45

   Nuveen Connecticut Dividend Advantage Municipal Fund    Nuveen Connecticut Dividend Advantage Municipal Fund    NFC    0001090118    811-09465

  46

   Nuveen Maryland Dividend Advantage Municipal Fund    Nuveen Maryland Dividend Advantage Municipal Fund    NFM    0001090119    811-09471

  47

   Nuveen Arizona Dividend Advantage Municipal Fund    Nuveen Arizona Dividend Advantage Municipal Fund    NFZ    0001087783    811-09459

  48

   Nuveen Virginia Dividend Advantage Municipal Fund    Nuveen Virginia Dividend Advantage Municipal Fund    NGB    0001090122    811-09469

  49

   Nuveen Connecticut Dividend Advantage Municipal Fund 2    Nuveen Connecticut Dividend Advantage Municipal Fund 2    NGK    0001166572    811-21033

  50

   Nuveen Connecticut Dividend Advantage Municipal Fund 3    Nuveen Connecticut Dividend Advantage Municipal Fund 3    NGO    0001177218    811-21154

  51

   Nuveen Massachusetts AMT-Free Municipal Income Fund    Nuveen Massachusetts AMT-Free Municipal Income Fund    NGX    0001196366    811-21216

  52

   Nuveen Premier Municipal Opportunity Fund, Inc. (FKA -    Nuveen Premier Municipal Opportunity Fund, Inc. (FKA -    NIF    0000880843    811-06457
  Nuveen Premier Insured Municipal Income Fund Inc.)    Nuveen Premier Insured Municipal Income Fund Inc.)         

  53

   Nuveen North Carolina Dividend Advantage Municipal Fund 3    Nuveen North Carolina Dividend Advantage Municipal Fund 3    NII    0001177216    811-21158

  54

   Nuveen Select Maturities Municipal Fund    Nuveen Select Maturities Municipal Fund    NIM    0000890119    811-07056

  55

   Nuveen Municipal Opportunity Fund Inc    Nuveen Municipal Opportunity Fund Inc    NIO    0000878242    811-06379

  56

   Nuveen New Jersey Municipal Value Fund    Nuveen New Jersey Municipal Value Fund    NJV    0001454980    811-22274

  57

   Nuveen Georgia Dividend Advantage Municipal Fund 2    Nuveen Georgia Dividend Advantage Municipal Fund 2    NKG    0001177219    811-21152

  58

   Nuveen Insured California Dividend Advantage Municipal Fund    Nuveen Insured California Dividend Advantage Municipal Fund    NKL    0001090117    811-09449

  59

   Nuveen New York Dividend Advantage Municipal Income Fund    Nuveen New York Dividend Advantage Municipal Income Fund    NKO    0001090123    811-09473

  60

   Nuveen Arizona Dividend Advantage Municipal Fund 2    Nuveen Arizona Dividend Advantage Municipal Fund 2    NKR    0001161069    811-10553

  61

   Nuveen Insured California Tax-Free Advantage Municipal Fund    Nuveen Insured California Tax-Free Advantage Municipal Fund    NKX    0001195738    811-21212

  62

   Nuveen Municipal Advantage Fund Inc.    Nuveen Municipal Advantage Fund Inc.    NMA    0000857361    811-05957

      Registrant    Name    TICKER    CIK    File Number
  63    Nuveen Massachusetts Dividend Advantage Municipal Fund    Nuveen Massachusetts Dividend Advantage Municipal Fund    NMB    0001090120    811-09471
  64    Nuveen Municipal High Income Opportunity Fund 2    Nuveen Municipal High Income Opportunity Fund 2    NMD    0001412495    811-22123
  65    Nuveen Municipal Income Fund Inc.    Nuveen Municipal Income Fund Inc.    NMI    0000830271    811-05488
  66    Nuveen Municipal Market Opportunity Fund Inc.    Nuveen Municipal Market Opportunity Fund Inc.    NMO    0000860188    811-06040
  67    Nuveen Michigan Premium Income Municipal Fund Inc.    Nuveen Michigan Premium Income Municipal Fund Inc.    NMP    0000890897    811-07116
  68    Nuveen Massachusetts Premium Income Municipal Fund    Nuveen Massachusetts Premium Income Municipal Fund    NMT    0000897419    811-07484
  69    Nuveen Maryland Premium Income Municipal Fund    Nuveen Maryland Premium Income Municipal Fund    NMY    0000897424    811-07486
  70    Nuveen Municipal High Income Opportunity Fund    Nuveen Municipal High Income Opportunity Fund    NMZ    0001266585    811-21449
  71    Nuveen Virginia Dividend Advantage Municipal Fund 2    Nuveen Virginia Dividend Advantage Municipal Fund 2    NNB    0001158728    811-10523
  72    Nuveen North Carolina Premium Income Municipal Fund    Nuveen North Carolina Premium Income Municipal Fund    NNC    0000899761    811-07608
  73    Nuveen Insured New York Premium Income Municipal Fund Inc.    Nuveen Insured New York Premium Income Municipal Fund Inc.    NNF    0000885712    811-06619
  74    Nuveen New Jersey Premium Income Municipal Fund Inc.    Nuveen New Jersey Premium Income Municipal Fund Inc.    NNJ    0000890898    811-07118
  75    Nuveen North Carolina Dividend Advantage Municipal Fund 2    Nuveen North Carolina Dividend Advantage Municipal Fund 2    NNO    0001158730    811-10525
  76    Nuveen New York Performance Plus Municipal Fund Inc.    Nuveen New York Performance Plus Municipal Fund Inc.    NNP    0000856226    811-05931
  77    Nuveen New York Municipal Value Fund Inc.    Nuveen New York Municipal Value Fund Inc.    NNY    0000818850    811-05238
  78    Nuveen Missouri Premium Income Municipal Fund    Nuveen Missouri Premium Income Municipal Fund    NOM    0000899782    811-07616
  79    Nuveen Insured California Premium Income Municipal Fund Inc.    Nuveen Insured California Premium Income Municipal Fund Inc.    NPC    0000885711    811-06620
  80    Nuveen Premier Municipal Income Fund Inc.    Nuveen Premier Municipal Income Fund Inc.    NPF    0000880845    811-06456
  81    Nuveen Georgia Premium Income Municipal Fund    Nuveen Georgia Premium Income Municipal Fund    NPG    0000899758    811-07614
  82    Nuveen Premium Income Municipal Fund Inc.    Nuveen Premium Income Municipal Fund Inc.    NPI    0000833251    811-05570
  83    Nuveen Premium Income Municipal Fund 2 Inc.    Nuveen Premium Income Municipal Fund 2 Inc.    NPM    0000885734    811-06621
  84    Nuveen Pennsylvania Municipal Value Fund    Nuveen Pennsylvania Municipal Value Fund    NPN    0001454978    811-22273
  85    Nuveen Performance Plus Municipal Fund Inc.    Nuveen Performance Plus Municipal Fund Inc.    NPP    0000849998    811-05809
  86    Nuveen Premium Income Municipal Fund 4 Inc.    Nuveen Premium Income Municipal Fund 4 Inc.    NPT    0000896061    811-07432
  87    Nuveen Virginia Premium Income Municipal Fund    Nuveen Virginia Premium Income Municipal Fund    NPV    0000897421    811-07490
  88    Nuveen Insured Premium Income Municipal Fund 2    Nuveen Insured Premium Income Municipal Fund 2    NPX    0000906959    811-07792
  89    Nuveen Pennsylvania Premium Income Municipal Fund 2    Nuveen Pennsylvania Premium Income Municipal Fund 2    NPY    0000897427    811-07482
  90    Nuveen California Investment Quality Municipal Fund Inc.    Nuveen California Investment Quality Municipal Fund Inc.    NQC    0000868440    811-06177
  91    Nuveen Quality Municipal Fund Inc    Nuveen Quality Municipal Fund Inc    NQI    0000869405    811-06206
  92    Nuveen New Jersey Investment Quality Municipal Fund Inc.    Nuveen New Jersey Investment Quality Municipal Fund Inc.    NQJ    0000870778    811-06264
  93    Nuveen Investment Quality Municipal Fund Inc.    Nuveen Investment Quality Municipal Fund Inc.    NQM    0000862716    811-06091
  94    Nuveen New York Investment Quality Municipal Fund Inc.    Nuveen New York Investment Quality Municipal Fund Inc.    NQN    0000868449    811-06178
  95    Nuveen Pennsylvania Investment Quality Municipal Fund Inc.    Nuveen Pennsylvania Investment Quality Municipal Fund Inc.    NQP    0000870780    811-06265
  96    Nuveen Select Quality Municipal Fund Inc.    Nuveen Select Quality Municipal Fund Inc.    NQS    0000872064    811-06240
  97    Nuveen Quality Income Municipal Fund Inc.    Nuveen Quality Income Municipal Fund Inc.    NQU    0000874506    811-06303
  98    Nuveen North Carolina Dividend Advantage Municipal Fund    Nuveen North Carolina Dividend Advantage Municipal Fund    NRB    0001090121    811-09461
  99    Nuveen Insured New York Tax-Free Advantage Municipal Fund    Nuveen Insured New York Tax-Free Advantage Municipal Fund    NRK    0001195739    811-21211
100    Nuveen Senior Income Fund    Nuveen Senior Income Fund    NSL    0001093428    811-09571
101    Nuveen Connecticut Premium Income Municipal Fund    Nuveen Connecticut Premium Income Municipal Fund    NTC    0000899752    811-07606
102    Nuveen Texas Quality Income Municipal Fund    Nuveen Texas Quality Income Municipal Fund    NTX    0000878201    811-06384
103    Nuveen California Quality Income Municipal Fund Inc.    Nuveen California Quality Income Municipal Fund Inc.    NUC    0000879826    811-06425
104    Nuveen New Jersey Dividend Advantage Municipal Fund 2    Nuveen New Jersey Dividend Advantage Municipal Fund 2    NUJ    0001161070    811-10551
105    Nuveen Michigan Quality Income Municipal Fund Inc.    Nuveen Michigan Quality Income Municipal Fund Inc.    NUM    0000878198    811-06383
106    Nuveen New York Quality Income Municipal Fund Inc.    Nuveen New York Quality Income Municipal Fund Inc.    NUN    0000879819    811-06424
107    Nuveen Ohio Quality Income Municipal Fund Inc.    Nuveen Ohio Quality Income Municipal Fund Inc.    NUO    0000878200    811-06385
108    Nuveen Municipal Value Fund Inc.    Nuveen Municipal Value Fund Inc.    NUV    0000812801    811-05120
109    Nuveen Municipal Value Fund 2    Nuveen Municipal Value Fund 2    NUW    0001450445    811-22253
110    Nuveen California Select Quality Municipal Fund Inc.    Nuveen California Select Quality Municipal Fund Inc.    NVC    0000874142    811-06294
111    Nuveen Dividend Advantage Municipal Income Fund    Nuveen Dividend Advantage Municipal Income Fund    NVG    0001090116    811-09475
112    Nuveen Ohio Dividend Advantage Municipal Fund 3    Nuveen Ohio Dividend Advantage Municipal Fund 3    NVJ    0001165383    811-10637
113    Nuveen New York Select Quality Municipal Fund Inc.    Nuveen New York Select Quality Municipal Fund Inc.    NVN    0000874143    811-06295
114    Nuveen California Dividend Advantage Municipal Fund 2    Nuveen California Dividend Advantage Municipal Fund 2    NVX    0001127706    811-10197
115    Nuveen Pennsylvania Dividend Advantage Municipal Fund 2    Nuveen Pennsylvania Dividend Advantage Municipal Fund 2    NVY    0001158729    811-10549
116    Nuveen Maryland Dividend Advantage Municipal Fund 3    Nuveen Maryland Dividend Advantage Municipal Fund 3    NWI    0001177214    811-21153
117    Nuveen California Select Tax Free Income Portfolio    Nuveen California Select Tax Free Income Portfolio    NXC    0000885732    811-06623
118    Nuveen Arizona Dividend Advantage Municipal Fund 3    Nuveen Arizona Dividend Advantage Municipal Fund 3    NXE    0001177212    811-21157
119    Nuveen Ohio Dividend Advantage Municipal Fund    Nuveen Ohio Dividend Advantage Municipal Fund    NXI    0001087788    811-09463
120    Nuveen New Jersey Dividend Advantage Municipal Fund    Nuveen New Jersey Dividend Advantage Municipal Fund    NXJ    0001087786    811-09455
121    Nuveen New York Dividend Advantage Municipal Fund 2    Nuveen New York Dividend Advantage Municipal Fund 2    NXK    0001131063    811-10253
122    Nuveen Pennsylvania Dividend Advantage Municipal Fund    Nuveen Pennsylvania Dividend Advantage Municipal Fund    NXM    0001087787    811-09457
123    Nuveen New York Select Tax Free Income Portfolio    Nuveen New York Select Tax Free Income Portfolio    NXN    0000885731    811-06624
124    Nuveen Select Tax Free Income Portfolio    Nuveen Select Tax Free Income Portfolio    NXP    0000883618    811-06548
125    Nuveen Select Tax Free Income Portfolio 2    Nuveen Select Tax Free Income Portfolio 2    NXQ    0000885733    811-06622
126    Nuveen Select Tax Free Income Portfolio 3    Nuveen Select Tax Free Income Portfolio 3    NXR    0000888411    811-06693
127    Nuveen Dividend Advantage Municipal Fund 2    Nuveen Dividend Advantage Municipal Fund 2    NXZ    0001131062    811-10255

      Registrant    Name    TICKER    CIK    File Number
128    Nuveen New York Municipal Value Fund 2    Nuveen New York Municipal Value Fund 2    NYV    0001454981    811-22271
129    Nuveen Dividend Advantage Municipal Fund 3    Nuveen Dividend Advantage Municipal Fund 3    NZF    0001137887    811-10345
130    Nuveen California Dividend Advantage Municipal Fund 3    Nuveen California Dividend Advantage Municipal Fund 3    NZH    0001137888    811-10347
131    Nuveen Maryland Dividend Advantage Municipal Fund 2    Nuveen Maryland Dividend Advantage Municipal Fund 2    NZR    0001137885    811-10349
132    Nuveen Michigan Dividend Advantage Municipal Fund    Nuveen Michigan Dividend Advantage Municipal Fund    NZW    0001087785    811-09453
133    Nuveen Georgia Dividend Advantage Municipal Fund    Nuveen Georgia Dividend Advantage Municipal Fund    NZX    0001097668    811-10351
134    NASDAQ Premium Income & Growth Fund Inc.    NASDAQ Premium Income & Growth Fund Inc.    QQQX    0001381186    811-21983
135    Nuveen Investment Trust    Nuveen Multi-Manager Large-Cap Value Fund       0001013881    811-07619
136    Nuveen Investment Trust    Nuveen NWQ Multi-Cap Value Fund       0001013881    811-07619
137    Nuveen Investment Trust    Nuveen NWQ Large-Cap Value Fund       0001013881    811-07619
138    Nuveen Investment Trust    Nuveen NWQ Small/Mid-Cap Value Fund       0001013881    811-07619
139    Nuveen Investment Trust    Nuveen NWQ Small-Cap Value Fund       0001013881    811-07619
140    Nuveen Investment Trust    Nuveen Tradewinds Value Opportunities Fund       0001013881    811-07619
141    Nuveen Investment Trust    Nuveen NWQ Equity Income Fund       0001013881    811-07619
142    Nuveen Investment Trust    Nuveen Global Total Return Bond Fund       0001013881    811-07619
143    Nuveen Investment Trust    Nuveen Intelligent Risk Growth Allocation Fund       0001013881    811-07619
144    Nuveen Investment Trust    Nuveen Intelligent Risk Moderate Allocation Fund       0001013881    811-07619
145    Nuveen Investment Trust    Nuveen Intelligent Risk Conservative Allocation Fund       0001013881    811-07619
146    Nuveen Investment Trust II    Nuveen Santa Barbara Dividend Growth Fund       0001041673    811-08333
147    Nuveen Investment Trust II    Nuveen Santa Barbara Growth Fund       0001041673    811-08333
148    Nuveen Investment Trust II    Nuveen Santa Barbara Global Growth Fund       0001041673    811-08333
149    Nuveen Investment Trust II    Nuveen Santa Barbara International Growth Fund       0001041673    811-08333
150    Nuveen Investment Trust II    Nuveen Tradewinds Emerging Markets Fund       0001041673    811-08333
151    Nuveen Investment Trust II    Nuveen Tradewinds Global All-Cap Fund       0001041673    811-08333
152    Nuveen Investment Trust II    Nuveen Tradewinds Global All-Cap Plus Fund       0001041673    811-08333
153    Nuveen Investment Trust II    Nuveen Tradewinds Global Flexible Allocation Fund       0001041673    811-08333
154    Nuveen Investment Trust II    Nuveen Tradewinds Global Resources Fund       0001041673    811-08333
155    Nuveen Investment Trust II    Nuveen Tradewinds International Value Fund       0001041673    811-08333
156    Nuveen Investment Trust II    Nuveen Tradewinds Japan Fund       0001041673    811-08333
157    Nuveen Investment Trust II    Nuveen Tradewinds Small-Cap Opportunities Fund       0001041673    811-08333
158    Nuveen Investment Trust II    Nuveen Winslow Large-Cap Growth Fund       0001041673    811-08333
159    Nuveen Investment Trust II    Nuveen Santa Barbara Long/Short Equity Fund       0001041673    811-08333
160    Nuveen Investment Trust II    Nuveen Symphony Large-Cap Growth Fund       0001041673    811-08333
161    Nuveen Investment Trust II    Nuveen Symphony Large-Cap Value Fund       0001041673    811-08333
162    Nuveen Investment Trust II    Nuveen Symphony Mid-Cap Core Fund       0001041673    811-08333
163    Nuveen Investment Trust II    Nuveen Symphony International Equity Fund       0001041673    811-08333
164    Nuveen Investment Trust II    Nuveen Symphony Optimized Alpha Fund       0001041673    811-08333
165    Nuveen Investment Trust II    Nuveen Symphony Small-Mid Cap Core Fund       0001041673    811-08333
166    Nuveen Investment Trust III    Nuveen High Yield Bond Fund       0001071336    811-09037
167    Nuveen Investment Trust III    Nuveen Multi-Strategy Core Bond Fund       0001071336    811-09037
168    Nuveen Investment Trust III    Nuveen Short Duration Bond Fund       0001071336    811-09037
169    Nuveen Investment Trust III    Nuveen Symphony Credit Opportunities Fund       0001071336    811-09037
170    Nuveen Investment Trust III    Nuveen Symphony Floating Rate Income Fund       0001071336    811-09037
171    Nuveen Investment Trust V    Nuveen Preferred Securities Fund       0001380786    811-21979
172    Nuveen Investment Trust V    Nuveen NWQ Flexible Income Fund (FKA - Nuveen NWQ Preferred Securities Fund)       0001380786    811-21979
173    Nuveen Managed Accounts Portfolios Trust    Municipal Total Returns Managed Accounts Portfolio       0001390204    811-22023
174    Nuveen Managed Accounts Portfolios Trust    Enhanced Multi-Strategy Income Managed Accounts Portfolio       0001390204    811-22023
175    Nuveen Multistate Trust I    Nuveen Arizona Municipal Bond Fund       0001018972    811-07747
176    Nuveen Multistate Trust I    Nuveen Colorado Municipal Bond Fund       0001018972    811-07747
177    Nuveen Multistate Trust I    Nuveen New Mexico Municipal Bond Fund       0001018972    811-07747
178    Nuveen Multistate Trust I    Nuveen Maryland Municipal Bond Fund       0001018972    811-07747
179    Nuveen Multistate Trust I    Nuveen Pennsylvania Municipal Bond Fund       0001018972    811-07747
180    Nuveen Multistate Trust I    Nuveen Virginia Municipal Bond Fund       0001018972    811-07747
181    Nuveen Multistate Trust II    Nuveen California High Yield Municipal Bond Fund       0001018975    811-07755
182    Nuveen Multistate Trust II    Nuveen California Municipal Bond Fund       0001018975    811-07755
183    Nuveen Multistate Trust II    Nuveen Connecticut Municipal Bond Fund       0001018975    811-07755
184    Nuveen Multistate Trust II    Nuveen Massachusetts Municipal Bond Fund       0001018975    811-07755
185    Nuveen Multistate Trust II    Nuveen New Jersey Municipal Bond Fund       0001018975    811-07755
186    Nuveen Multistate Trust II    Nuveen New York Municipal Bond Fund       0001018975    811-07755
187    Nuveen Multistate Trust III    Nuveen Georgia Municipal Bond Fund       0001020661    811-07943
188    Nuveen Multistate Trust III    Nuveen Louisiana Municipal Bond Fund       0001020661    811-07943
189    Nuveen Multistate Trust III    Nuveen North Carolina Municipal Bond Fund       0001020661    811-07943
190    Nuveen Multistate Trust III    Nuveen Tennessee Municipal Fund       0001020661    811-07943
191    Nuveen Multistate Trust IV    Nuveen Kansas Municipal Bond Fund       0001018973    811-07751
192    Nuveen Multistate Trust IV    Nuveen Kentucky Municipal Bond Fund       0001018973    811-07751
193    Nuveen Multistate Trust IV    Nuveen Michigan Municipal Bond Fund       0001018973    811-07751
194    Nuveen Multistate Trust IV    Nuveen Missouri Municipal Bond Fund       0001018973    811-07751
195    Nuveen Multistate Trust IV    Nuveen Ohio Municipal Bond Fund       0001018973    811-07751
196    Nuveen Multistate Trust IV    Nuveen Wisconsin Municipal Fund       0001018973    811-07751
197    Nuveen Municipal Trust    Nuveen All-American Municipal Bond Fund       0001020660    811-07873
198    Nuveen Municipal Trust    Nuveen High Yield Municipal Bond Fund       0001020660    811-07873
199    Nuveen Municipal Trust    Nuveen Inflation Protected Municipal Bond Fund       0001020660    811-07873
200    Nuveen Municipal Trust    Nuveen Intermediate Duration Municipal Bond Fund       0001020660    811-07873
201    Nuveen Municipal Trust    Nuveen Limited Term Municipal Bond Fund       0001020660    811-07873
202    Nuveen Investment Funds, Inc.    Nuveen Short Term Municipal Bond Fund       0000820892    811-05309
203    Nuveen Investment Funds, Inc.    Nuveen Minnesota Intermediate Municipal Bond Fund       0000820892    811-05309
204    Nuveen Investment Funds, Inc.    Nuveen Minnesota Municipal Bond Fund       0000820892    811-05309
205    Nuveen Investment Funds, Inc.    Nuveen Nebraska Municipal Bond Fund       0000820892    811-05309

 

      Registrant    Name    TICKER    CIK    File Number
206    Nuveen Investment Funds, Inc.    Nuveen Oregon Intermediate Municipal Bond Fund       0000820892    811-05309
207    Nuveen Investment Funds, Inc.    Nuveen Core Plus Bond Fund (FKA - Nuveen Core Bond Fund)       0000820892    811-05309
208    Nuveen Investment Funds, Inc.    Nuveen High Income Bond Fund       0000820892    811-05309
209    Nuveen Investment Funds, Inc.    Nuveen Inflation Protected Securities Fund       0000820892    811-05309
210    Nuveen Investment Funds, Inc.    Nuveen Intermediate Government Bond Fund       0000820892    811-05309
211    Nuveen Investment Funds, Inc.    Nuveen Intermediate Term Bond Fund       0000820892    811-05309
212    Nuveen Investment Funds, Inc.    Nuveen Short Term Bond Fund       0000820892    811-05309
213    Nuveen Investment Funds, Inc.    Nuveen Strategic Income Fund (FKA - Nuveen Total Return Bond Fund)       0000820892    811-05309
214    Nuveen Investment Funds, Inc.    Nuveen Equity Index Fund       0000820892    811-05309
215    Nuveen Investment Funds, Inc.    Nuveen Mid Cap Index Fund       0000820892    811-05309
216    Nuveen Investment Funds, Inc.    Nuveen Small Cap Index Fund       0000820892    811-05309
217    Nuveen Investment Funds, Inc.    Nuveen Dividend Value Fund ( FKA - Nuveen Equity Income Fund )       0000820892    811-05309
218    Nuveen Investment Funds, Inc.    Nuveen Mid Cap Value Fund       0000820892    811-05309
219    Nuveen Investment Funds, Inc.    Nuveen Small Cap Value Fund       0000820892    811-05309
220    Nuveen Investment Funds, Inc.    Nuveen Large Cap Value Fund       0000820892    811-05309
221    Nuveen Investment Funds, Inc.    Nuveen International Fund       0000820892    811-05309
222    Nuveen Investment Funds, Inc.    Nuveen International Select Fund       0000820892    811-05309
223    Nuveen Investment Funds, Inc.    Nuveen Quantitative Enhanced Core Equity Fund       0000820892    811-05309
224    Nuveen Investment Funds, Inc.    Nuveen Tactical Market Opportunities Fund       0000820892    811-05309
225    Nuveen Investment Funds, Inc.    Nuveen Large Cap Growth Opportunities Fund       0000820892    811-05309
226    Nuveen Investment Funds, Inc.    Nuveen Mid Cap Growth Opportunities Fund       0000820892    811-05309
227    Nuveen Investment Funds, Inc.    Nuveen Small Cap Growth Opportunities Fund       0000820892    811-05309
228    Nuveen Investment Funds, Inc.    Nuveen Large Cap Select Fund       0000820892    811-05309
229    Nuveen Investment Funds, Inc.    Nuveen Mid Cap Select Fund       0000820892    811-05309
230    Nuveen Investment Funds, Inc.    Nuveen Small Cap Select Fund       0000820892    811-05309
231    Nuveen Investment Funds, Inc.    Nuveen Global Infrastructure Fund       0000820892    811-05309
232    Nuveen Investment Funds, Inc.    Nuveen Real Asset Income Fund       0000820892    811-05309
233    Nuveen Investment Funds, Inc.    Nuveen Real Estate Securities Fund       0000820892    811-05309
234    Nuveen Strategy Funds, Inc.    Nuveen Strategy Aggressive Growth Allocation Fund       0001017927    811-07687
235    Nuveen Strategy Funds, Inc.    Nuveen Strategy Growth Allocation Fund       0001017927    811-07687
236    Nuveen Strategy Funds, Inc.    Nuveen Strategy Balanced Allocation Fund       0001017927    811-07687
237    Nuveen Strategy Funds, Inc.    Nuveen Strategy Conservative Allocation Fund       0001017927    811-07687