-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BYTUqxPSaKOg9VM9CFcPTJ3TyjfBuKA4NKJnNuoBX4AHo9Ua7FlX/Gcw1veV9R1w IjtQcAB+tVBo3/IZiZDRpQ== 0000891804-10-004908.txt : 20100929 0000891804-10-004908.hdr.sgml : 20100929 20100929163146 ACCESSION NUMBER: 0000891804-10-004908 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100731 FILED AS OF DATE: 20100929 DATE AS OF CHANGE: 20100929 EFFECTIVENESS DATE: 20100929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NUVEEN PREMIER MUNICIPAL INCOME FUND INC CENTRAL INDEX KEY: 0000880845 IRS NUMBER: 363792252 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-06456 FILM NUMBER: 101096894 BUSINESS ADDRESS: STREET 1: 333 WEST WACKER DR CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129178200 N-Q 1 nq2.htm NPF_NQ nq2.htm



 
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 811-6456
 
Nuveen Premier Municipal Income Fund, Inc.
(Exact name of registrant as specified in charter)
 
Nuveen Investments
        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:            10/31          
 
Date of reporting period:         7/31/10         
 
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.

 
 
 

 
Item 1. Schedule of Investments
 

           
   
Portfolio of Investments (Unaudited)
     
   
Nuveen Premier Municipal Income Fund, Inc. (NPF)
     
   
July 31, 2010
     
Principal
   
Optional Call
   
Amount (000)
 
Description (1)
Provisions (2)
Ratings (3)
Value
   
Alabama – 1.6% (1.0% of Total Investments)
     
$     2,000 
 
Alabama Special Care Facilities Financing Authority, Revenue Bonds, Ascension Health, Series 
No Opt. Call 
AA 
$    2,032,220 
    
2006C-2, 5.000%, 11/15/14 (UB) 
     
   
Birmingham Special Care Facilities Financing Authority, Alabama, Revenue Bonds, Baptist Health 
     
   
System Inc., Series 2005A: 
     
1,200 
 
5.250%, 11/15/20 
11/15 at 100.00 
Baa2 
1,190,496 
400 
 
5.000%, 11/15/30 
11/15 at 100.00 
Baa2 
355,104 
1,000 
 
Montgomery BMC Special Care Facilities Financing Authority, Alabama, Revenue Bonds, Baptist 
11/14 at 100.00 
A3 (4) 
1,152,350 
   
Medical Center, Series 2004C, 5.250%, 11/15/29 (Pre-refunded 11/15/14) 
     
4,600 
 
Total Alabama 
   
4,730,170 
   
Alaska – 0.2% (0.1% of Total Investments)
     
1,000 
 
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, 
6/14 at 100.00 
Baa3 
646,630 
   
Series 2006A, 5.000%, 6/01/46 
     
   
Arizona – 7.6% (4.7% of Total Investments)
     
   
Glendale Industrial Development Authority, Arizona, Revenue Bonds, John C. Lincoln Health 
     
   
Network, Series 2005B: 
     
100 
 
5.250%, 12/01/24 
12/15 at 100.00 
BBB 
100,965 
135 
 
5.250%, 12/01/25 
12/15 at 100.00 
BBB 
135,813 
7,000 
 
Phoenix, Arizona, Civic Improvement Revenue Bonds, Civic Plaza, Series 2005B, 0.000%, 
No Opt. Call 
AA 
6,320,720 
   
7/01/39 – FGIC Insured 
     
7,500 
 
Salt River Project Agricultural Improvement and Power District, Arizona, Electric System 
No Opt. Call 
AA 
8,028,675 
   
Revenue Bonds, Series 2002B, 5.000%, 1/01/12 (UB) 
     
6,000 
 
Salt River Project Agricultural Improvement and Power District, Arizona, Electric System 
1/12 at 101.00 
Aa1 
6,412,320 
   
Revenue Refunding Bonds, Series 2002A, 5.250%, 1/01/15 
     
1,200 
 
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc 
No Opt. Call 
1,069,824 
   
Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37 
     
21,935 
 
Total Arizona 
   
22,068,317 
   
Arkansas – 0.8% (0.5% of Total Investments)
     
2,155 
 
Arkansas Development Finance Authority, State Facility Revenue Bonds, Department of Correction 
11/15 at 100.00 
AAA 
2,297,575 
   
Special Needs Unit Project, Series 2005B, 5.000%, 11/01/25 – AGM Insured 
     
— (6) 
 
Stuttgart Public Facilities Board, Arkansas, Single Family Mortgage Revenue Refunding Bonds, 
9/10 at 100.00 
Aaa 
173 
   
Series 1993A, 7.900%, 9/01/11 
     
2,155 
 
Total Arkansas 
   
2,297,748 
   
California – 20.9% (13.1% of Total Investments)
     
10,000 
 
Anaheim Public Finance Authority, California, Public Improvement Project Lease Bonds, Series 
9/17 at 100.00 
A1 
8,719,598 
   
2007A-1, 4.375%, 3/01/37 – FGIC Insured 
     
5,690 
 
California Department of Veterans Affairs, Home Purchase Revenue Bonds, Series 2002A, 5.300%, 
6/12 at 101.00 
AA 
5,863,488 
   
12/01/21 – AMBAC Insured 
     
1,350 
 
California Educational Facilities Authority, Revenue Bonds, University of Southern California, 
No Opt. Call 
Aa1 
1,392,026 
   
Series 2005, 4.750%, 4/01/14 (UB) 
     
1,975 
 
California Health Facilities Financing Authority, Revenue Bonds, Catholic Healthcare West, 
7/14 at 100.00 
2,149,472 
   
Series 2004I, 4.950%, 7/01/26 (Mandatory put 7/01/14) 
     
1,700 
 
California Health Facilities Financing Authority, Revenue Bonds, Providence Health & Services, 
10/19 at 100.00 
AA 
1,793,772 
   
Series 2009B, 5.500%, 10/01/39 
     
500 
 
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity 
7/15 at 100.00 
BBB 
419,755 
   
Health System, Series 2005A, 5.000%, 7/01/39 
     
1,600 
 
California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System, 
8/16 at 100.00 
A+ 
1,612,272 
   
Series 2001C, 5.250%, 8/01/31 
     
1,025 
 
California Statewide Community Development Authority, Revenue Bonds, Sutter Health, Tender 
5/18 at 100.00 
A+ 
1,199,394 
   
Option Bond Trust 3175, 13.358%, 11/15/48 (IF) 
     
4,900 
 
California, General Obligation Bonds, Series 2004, 5.000%, 6/01/23 – AMBAC Insured 
12/14 at 100.00 
A1 
5,176,948 
1,000 
 
Chula Vista, California, Industrial Development Revenue Bonds, San Diego Gas and Electric 
6/14 at 102.00 
1,073,830 
   
Company, Series 1996A, 5.300%, 7/01/21 
     
25,000 
 
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series 
No Opt. Call 
AAA 
21,613,997 
   
1995A, 0.000%, 1/01/17 (ETM) 
     
450 
 
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed 
6/13 at 100.00 
AAA 
524,763 
   
Bonds, Series 2003A-1, 6.750%, 6/01/39 (Pre-refunded 6/01/13) 
     
3,500 
 
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed 
6/17 at 100.00 
BBB 
2,259,810 
   
Bonds, Series 2007A-1, 5.125%, 6/01/47 
     
6,005 
 
Los Angeles Unified School District, California, General Obligation Bonds, Series 2005E, 
7/15 at 100.00 
Aa2 
6,401,931 
   
5.000%, 7/01/22 – AMBAC Insured 
     
   
San Diego County, California, Certificates of Participation, Burnham Institute, Series 2006: 
     
100 
 
5.000%, 9/01/21 
9/15 at 102.00 
Baa3 
97,914 
110 
 
5.000%, 9/01/23 
9/15 at 102.00 
Baa3 
104,911 
64,905 
 
Total California 
   
60,403,881 
   
Colorado – 11.0% (6.8% of Total Investments)
     
1,000 
 
Colorado Health Facilities Authority, Revenue Bonds, Evangelical Lutheran Good Samaritan 
6/16 at 100.00 
A– 
962,150 
   
Society, Series 2005, 5.000%, 6/01/29 
     
1,150 
 
Colorado Health Facilities Authority, Revenue Bonds, Parkview Medical Center, Series 2004, 
9/14 at 100.00 
A3 
1,154,094 
   
5.000%, 9/01/25 
     
400 
 
Colorado Health Facilities Authority, Revenue Bonds, Poudre Valley Health Care, Series 2005F, 
3/15 at 100.00 
A– 
400,744 
   
5.000%, 3/01/25 
     
750 
 
Colorado Health Facilities Authority, Revenue Bonds, Vail Valley Medical Center, Series 2004, 
1/15 at 100.00 
BBB+ 
781,583 
   
5.000%, 1/15/17 
     
   
Denver City and County, Colorado, Airport Revenue Bonds, Series 2006: 
     
4,170 
 
5.000%, 11/15/23 – FGIC Insured 
11/16 at 100.00 
A+ 
4,451,809 
6,800 
 
5.000%, 11/15/24 – FGIC Insured 
11/16 at 100.00 
A+ 
7,219,220 
   
Denver, Colorado, Airport Revenue Bonds, Series 2006A: 
     
6,890 
 
5.000%, 11/15/25 – FGIC Insured (UB) 
11/16 at 100.00 
A+ 
7,355,626 
8,940 
 
5.000%, 11/15/25 – FGIC Insured (UB) 
11/16 at 100.00 
A+ 
9,429,912 
30,100 
 
Total Colorado 
   
31,755,138 
   
Connecticut – 0.7% (0.4% of Total Investments)
     
2,020 
 
Connecticut Development Authority, Pollution Control Revenue Refunding Bonds, Connecticut 
10/10 at 101.00 
Baa1 
2,038,402 
   
Light and Power Company, Series 1993A, 5.850%, 9/01/28 
     
   
Florida – 2.6% (1.6% of Total Investments)
     
1,700 
 
Hillsborough County Industrial Development Authority, Florida, Exempt Facilities Remarketed 
4/12 at 100.00 
N/R 
1,615,510 
   
Revenue Bonds, National Gypsum Company, Apollo Beach Project, Series 2000B, 7.125%, 4/01/30 
     
   
(Alternative Minimum Tax) 
     
2,500 
 
Hillsborough County Industrial Development Authority, Florida, Pollution Control Revenue 
10/12 at 100.00 
Baa1 
2,653,800 
   
Bonds, Tampa Electric Company Project, Series 2002, 5.100%, 10/01/13 
     
125 
 
Marion County Hospital District, Florida, Revenue Bonds, Munroe Regional Medical Center, 
10/17 at 100.00 
A3 
117,804 
   
Series 2007, 5.000%, 10/01/34 
     
1,000 
 
South Miami Health Facilities Authority, Florida, Hospital Revenue, Baptist Health System 
8/17 at 100.00 
AA– 
992,080 
   
Obligation Group, Series 2007, 5.000%, 8/15/42 (UB) 
     
2,150 
 
Sumter County, Florida, Capital Improvement Revenue Bonds, Series 2006, 5.000%, 6/01/30 – 
6/16 at 100.00 
2,162,277 
   
AMBAC Insured 
     
7,475 
 
Total Florida 
   
7,541,471 
   
Georgia – 4.4% (2.7% of Total Investments)
     
8,050 
 
George L. Smith II World Congress Center Authority, Atlanta, Georgia, Revenue Refunding Bonds, 
1/11 at 101.00 
8,140,480 
   
Domed Stadium Project, Series 2000, 5.500%, 7/01/20 – NPFG Insured (Alternative Minimum Tax) 
     
4,105 
 
Municipal Electric Authority of Georgia, Combustion Turbine Revenue Bonds, Series 2003A, 
11/13 at 100.00 
A1 
4,534,629 
   
5.125%, 11/01/17 – NPFG Insured 
     
12,155 
 
Total Georgia 
   
12,675,109 
   
Hawaii – 0.8% (0.5% of Total Investments)
     
2,250 
 
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaiian Electric 
1/11 at 100.00 
Baa1 
2,254,140 
   
Company Inc., Series 1999D, 6.150%, 1/01/20 – AMBAC Insured (Alternative Minimum Tax) 
     
   
Idaho – 0.2% (0.1% of Total Investments)
     
50 
 
Idaho Housing and Finance Association, Single Family Mortgage Bonds, Series 1996E, 6.350%, 
1/11 at 100.00 
Aa1 
50,104 
   
7/01/14 (Alternative Minimum Tax) 
     
   
Madison County, Idaho, Hospital Revenue Certificates of Participation, Madison Memorial 
     
   
Hospital, Series 2006: 
     
500 
 
5.250%, 9/01/26 
9/16 at 100.00 
BBB– 
469,125 
200 
 
5.250%, 9/01/37 
9/16 at 100.00 
BBB– 
175,442 
750 
 
Total Idaho 
   
694,671 
   
Illinois – 10.7% (6.6% of Total Investments)
     
500 
 
Chicago Public Building Commission, Illinois, General Obligation Lease Certificates, Chicago 
No Opt. Call 
A (4) 
566,050 
   
Board of Education, Series 1990B, 7.000%, 1/01/15 – MBIA Insured (ETM) 
     
8,670 
 
Chicago, Illinois, General Obligation Bonds, City Colleges, Series 1999, 0.000%, 1/01/24 – 
No Opt. Call 
Aa3 
4,539,699 
   
FGIC Insured 
     
8,500 
 
Chicago, Illinois, Senior Lien Water Revenue Bonds, Series 2001, 5.750%, 11/01/30 – 
No Opt. Call 
Aa3 
9,796,758 
   
AMBAC Insured 
     
200 
 
Illinois Finance Authority, Revenue Bonds, Proctor Hospital, Series 2006, 5.125%, 1/01/25 
1/16 at 100.00 
BB+ 
175,866 
1,000 
 
Illinois Health Facilities Authority, Revenue Bonds, Condell Medical Center, Series 2002, 
5/12 at 100.00 
Aaa 
1,088,400 
   
5.500%, 5/15/32 (Pre-refunded 5/15/12) 
     
1,500 
 
Illinois, General Obligation Bonds, Illinois FIRST Program, Series 2002, 5.500%, 2/01/17 – 
2/12 at 100.00 
A+ 
1,616,910 
   
FGIC Insured 
     
   
Lombard Public Facilities Corporation, Illinois, Second Tier Conference Center and Hotel 
     
   
Revenue Bonds, Series 2005B: 
     
850 
 
5.250%, 1/01/25 
1/16 at 100.00 
AA 
877,022 
1,750 
 
5.250%, 1/01/30 
1/16 at 100.00 
AA 
1,789,218 
   
Metropolitan Pier and Exposition Authority, Illinois, Revenue Refunding Bonds, McCormick Place 
     
   
Expansion Project, Series 1996A: 
     
10,575 
 
0.000%, 12/15/23 – NPFG Insured 
No Opt. Call 
5,343,759 
10,775 
 
0.000%, 12/15/24 – NPFG Insured 
No Opt. Call 
5,058,539 
44,320 
 
Total Illinois 
   
30,852,221 
   
Indiana – 3.4% (2.1% of Total Investments)
     
2,275 
 
Anderson School Building Corporation, Madison County, Indiana, First Mortgage Bonds, Series 
1/14 at 100.00 
AAA 
2,628,194 
   
2003, 5.500%, 7/15/23 (Pre-refunded 1/15/14) – AGM Insured 
     
6,180 
 
Crown Point Multi-School Building Corporation, Indiana, First Mortgage Bonds, Crown Point 
No Opt. Call 
3,480,947 
   
Community School Corporation, Series 2000, 0.000%, 1/15/23 – NPFG Insured 
     
1,250 
 
Portage, Indiana, Revenue Bonds, Series 2006, 5.000%, 7/15/23 
7/16 at 100.00 
1,253,800 
1,700 
 
Saint Joseph County, Indiana, Educational Facilities Revenue Bonds, University of Notre Dame 
3/18 at 100.00 
Aaa 
1,807,372 
   
du Lac, Refunding Series 2009., 5.000%, 3/01/36 
     
1,000 
 
St. Joseph County Hospital Authority, Indiana, Revenue Bonds, Madison Center Inc., Series 
2/15 at 100.00 
BB+ 
555,500 
   
2005, 5.250%, 2/15/28 (7)
     
12,405 
 
Total Indiana 
   
9,725,813 
   
Iowa – 1.0% (0.6% of Total Investments)
     
4,000 
 
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C, 
6/15 at 100.00 
BBB 
2,869,840 
   
5.500%, 6/01/42 
     
   
Kentucky – 0.8% (0.5% of Total Investments)
     
1,700 
 
Kentucky Economic Development Finance Authority, Hospital Facilities Revenue Bonds, Owensboro 
No Opt. Call 
Baa2 
1,785,476 
   
Medical Health System, Series 2010A, 6.500%, 3/01/45 
     
510 
 
Louisville and Jefferson County Metropolitan Government, Kentucky, Industrial Building Revenue 
10/16 at 100.00 
N/R 
488,152 
   
Bonds, Sisters of Mercy of the Americas, Series 2006, 5.000%, 10/01/35 
     
2,210 
 
Total Kentucky 
   
2,273,628 
   
Louisiana – 6.4% (4.0% of Total Investments)
     
1,310 
 
Louisiana Housing Finance Agency, GNMA Collateralized Mortgage Revenue Bonds, St. Dominic 
9/10 at 100.00 
AA+ 
1,312,201 
   
Assisted Care Facility, Series 1995, 6.850%, 9/01/25 
     
1,500 
 
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, 
5/17 at 100.00 
Baa1 
1,415,055 
   
Series 2007A, 5.500%, 5/15/47 
     
   
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Series 2006A: 
     
825 
 
4.750%, 5/01/14 – AGM Insured (UB) 
No Opt. Call 
AAA 
833,003 
8,880 
 
4.500%, 5/01/34 – FGIC Insured (UB) 
5/16 at 100.00 
Aa1 
8,691,122 
 
Louisiana State, Gasoline Tax Revenue Bonds, Series 2006, Residuals 660-1, 15.451%, 5/01/41 – 
5/16 at 100.00 
Aa1 
4,576 
   
FGIC Insured (IF) 
     
3,950 
 
Morehouse Parish, Louisiana, Pollution Control Revenue Bonds, International Paper Company, 
No Opt. Call 
BBB 
4,184,551 
   
Series 2002A, 5.700%, 4/01/14 
     
2,090 
 
Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds, 
5/11 at 101.00 
BBB 
2,059,820 
   
Series 2001B, 5.875%, 5/15/39 
     
18,560 
 
Total Louisiana 
   
18,500,328 
   
Maine – 0.8% (0.5% of Total Investments)
     
2,150 
 
Maine State Housing Authority, Single Family Mortgage Purchase Bonds, Series 2004A-2, 5.000%, 
5/13 at 100.00 
AA+ 
2,232,109 
   
11/15/21 (Alternative Minimum Tax) 
     
   
Maryland – 1.2% (0.8% of Total Investments)
     
2,000 
 
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health, 
8/14 at 100.00 
A2 
2,066,200 
   
Series 2004, 5.375%, 8/15/24 
     
1,500 
 
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Western Maryland 
7/16 at 100.00 
1,447,905 
   
Health, Series 2006A, 4.750%, 7/01/36 – NPFG Insured 
     
3,500 
 
Total Maryland 
   
3,514,105 
   
Massachusetts – 4.2% (2.6% of Total Investments)
     
7,500 
 
Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds, Senior 
1/20 at 100.00 
7,758,825 
   
Lien Series 2010B, 5.000%, 1/01/37 
     
1,000 
 
Massachusetts Development Finance Authority, Revenue Bonds, Hampshire College, Series 2004, 
10/14 at 100.00 
BBB 
1,011,930 
   
5.625%, 10/01/24 
     
3,000 
 
Massachusetts, Special Obligation Dedicated Tax Revenue Bonds, Series 2004, 5.250%, 1/01/24 
1/14 at 100.00 
A1 (4) 
3,435,720 
   
(Pre-refunded 1/01/14) – FGIC Insured 
     
11,500 
 
Total Massachusetts 
   
12,206,475 
   
Michigan – 3.9% (2.4% of Total Investments)
     
2,925 
 
Detroit, Michigan, General Obligation Bonds, Series 2003A, 5.250%, 4/01/17 – SYNCORA 
4/13 at 100.00 
BB 
2,733,881 
   
GTY Insured 
     
4,600 
 
Detroit, Michigan, Sewer Disposal System Revenue Bonds, Second Lien, Series 2006B, 4.625%, 
7/16 at 100.00 
A1 
4,263,878 
   
7/01/34 – FGIC Insured 
     
1,000 
 
Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Series 
No Opt. Call 
AA 
1,000,470 
   
2006A, 5.000%, 12/01/14 (UB) 
     
170 
 
Monroe County Hospital Finance Authority, Michigan, Mercy Memorial Hospital Corporation 
6/16 at 100.00 
Baa3 
143,478 
   
Revenue Bonds, Series 2006, 5.500%, 6/01/35 
     
3,025 
 
Wayne County, Michigan, Airport Revenue Refunding Bonds, Detroit Metropolitan Airport, Series 
12/12 at 100.00 
3,269,360 
   
2002C, 5.375%, 12/01/19 – FGIC Insured 
     
11,720 
 
Total Michigan 
   
11,411,067 
   
Minnesota – 4.5% (2.8% of Total Investments)
     
4,350 
 
Cohasset, Minnesota, Pollution Control Revenue Bonds, Allete Inc., Series 2004, 4.950%, 7/01/22 
7/14 at 100.00 
A2 
4,447,701 
1,000 
 
Duluth Economic Development Authority, Minnesota, Healthcare Facilities Revenue Bonds, 
2/14 at 100.00 
N/R (4) 
1,154,510 
   
Benedictine Health System – St. Mary’s Duluth Clinic, Series 2004, 5.250%, 2/15/21 
     
   
(Pre-refunded 2/15/14) 
     
2,290 
 
Minneapolis-St. Paul Housing and Redevelopment Authority, Minnesota, Revenue Bonds, 
12/13 at 100.00 
A3 
2,372,188 
   
HealthPartners Inc., Series 2003, 6.000%, 12/01/20 
     
530 
 
Minnesota Higher Education Facilities Authority, Revenue Bonds, University of St. Thomas, 
10/14 at 100.00 
A2 
572,930 
   
Series 2004-5Y, 5.250%, 10/01/19 
     
1,000 
 
Minnesota Municipal Power Agency, Electric Revenue Bonds, Series 2004A, 5.250%, 10/01/19 
10/14 at 100.00 
A3 
1,085,360 
3,000 
 
St. Paul Port Authority, Minnesota, Lease Revenue Bonds, Office Building at Cedar Street, 
12/13 at 100.00 
AA+ 
3,309,180 
   
Series 2003, 5.250%, 12/01/20 
     
12,170 
 
Total Minnesota 
   
12,941,869 
   
Mississippi – 0.8% (0.5% of Total Investments)
     
2,325 
 
Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial 
No Opt. Call 
AA 
2,397,610 
   
Healthcare, Series 2004B-1, 5.000%, 3/01/13 (UB) 
     
   
Missouri – 1.0% (0.6% of Total Investments)
     
100 
 
Hannibal Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Hannibal 
3/16 at 100.00 
BBB+ 
100,029 
   
Regional Hospital, Series 2006, 5.000%, 3/01/22 
     
2,880 
 
Joplin Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Freeman 
2/15 at 102.00 
BBB+ 
2,908,253 
   
Health System, Series 2004, 5.500%, 2/15/24 
     
2,980 
 
Total Missouri 
   
3,008,282 
   
Nebraska – 1.3% (0.8% of Total Investments)
     
1,580 
 
Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Nebraska 
No Opt. Call 
Aa3 
1,722,500 
   
Medical Center, Series 2003, 5.000%, 11/15/16 
     
1,105 
 
Grand Island, Nebraska, Electric System Revenue Bonds, Series 1977, 6.100%, 9/01/12 (ETM) 
9/10 at 100.00 
A1 (4) 
1,167,046 
515 
 
Omaha Public Power District, Nebraska, Separate Electric System Revenue Bonds, Nebraska 
2/17 at 100.00 
AA+ 
816,018 
   
City 2, Series 2006A, 19.811%, 2/01/49 – AMBAC Insured (IF) 
     
3,200 
 
Total Nebraska 
   
3,705,564 
   
Nevada – 1.5% (0.9% of Total Investments)
     
4,000 
 
Clark County, Nevada, Airport Revenue Bonds, Subordinte Lien Series 2010B, 5.750%, 7/01/42 
1/20 at 100.00 
Aa3 
4,277,240 
   
New Hampshire – 2.2% (1.4% of Total Investments)
     
1,110 
 
New Hampshire Health and Education Facilities Authority, Revenue Bonds, Dartmouth College, 
6/19 at 100.00 
AA+ 
1,415,794 
   
Tender Option Bond Trust 09-7W, 13.976%, 6/01/39 (IF) 
     
5,000 
 
New Hampshire Housing Finance Authority, FHLMC Multifamily Housing Remarketed Revenue Bonds, 
1/11 at 101.00 
Aaa 
5,055,050 
   
Countryside LP, Series 1994, 6.100%, 7/01/24 (Alternative Minimum Tax) 
     
6,110 
 
Total New Hampshire 
   
6,470,844 
   
New Jersey – 5.7% (3.6% of Total Investments)
     
1,000 
 
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series 2005P, 
9/15 at 100.00 
AA– 
1,083,380 
   
5.250%, 9/01/24 
     
3,000 
 
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2003C, 
6/13 at 100.00 
AAA 
3,426,600 
   
5.500%, 6/15/24 (Pre-refunded 6/15/13) 
     
   
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006C: 
     
25,000 
 
0.000%, 12/15/35 – AMBAC Insured 
No Opt. Call 
AA– 
5,660,750 
10,000 
 
0.000%, 12/15/36 – AMBAC Insured 
No Opt. Call 
AA– 
2,119,200 
1,500 
 
New Jersey Turnpike Authority, Revenue Bonds, Series 2003A, 5.000%, 1/01/19 – FGIC Insured 
7/13 at 100.00 
A+ 
1,637,235 
2,500 
 
New Jersey Turnpike Authority, Revenue Bonds, Series 2005A, 5.000%, 1/01/25 – AGM Insured 
1/15 at 100.00 
AAA 
2,672,325 
43,000 
 
Total New Jersey 
   
16,599,490 
   
New York – 16.6% (10.3% of Total Investments)
     
   
Brooklyn Areba Local Development Corporation, New York, Payment in Lieu of Taxes Revenue 
     
   
Bonds, Barclays Center Project, Series 2009: 
     
660 
 
6.000%, 7/15/30 
1/20 at 100.00 
BBB– 
676,579 
1,600 
 
0.000%, 7/15/44 
No Opt. Call 
BBB– 
148,464 
1,500 
 
Dormitory Authority of the State of New York, State and Local Appropriation Lease Bonds, 
7/14 at 100.00 
AA– 
1,632,570 
   
Upstate Community Colleges, Series 2004B, 5.250%, 7/01/19 
     
2,200 
 
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 4.500%, 
2/17 at 100.00 
2,028,928 
   
2/15/47 – NPFG Insured 
     
7,500 
 
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2006A, 
6/16 at 100.00 
AA+ 
8,080,650 
   
5.000%, 12/01/25 – FGIC Insured (UB) 
     
5,000 
 
Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds, 
11/12 at 100.00 
5,313,850 
   
Series 2002A, 5.125%, 11/15/21 – FGIC Insured 
     
2,000 
 
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue 
12/14 at 100.00 
AAA 
2,170,740 
   
Bonds, Fiscal Series 2005B, 5.000%, 6/15/23 – AMBAC Insured 
     
4,265 
 
New York City, New York, General Obligation Bonds, Fiscal Series 2003D, 5.250%, 4/15/12 (UB) 
No Opt. Call 
AA 
4,664,289 
1,200 
 
New York City, New York, General Obligation Bonds, Fiscal Series 2004B, 5.250%, 8/01/15 
8/14 at 100.00 
AA 
1,377,108 
4,000 
 
New York City, New York, General Obligation Bonds, Series 2004C-1, 5.250%, 2/15/13 (UB) 
No Opt. Call 
AA 
4,495,160 
910 
 
New York Convention Center Development Corporation, Hotel Fee Revenue Bonds, Trust 2364, 
11/15 at 100.00 
Aa1 
1,037,910 
   
16.723%, 11/15/44 – BHAC Insured (IF) 
     
3,250 
 
New York State Municipal Bond Bank Agency, Special School Purpose Revenue Bonds, Series 2003C, 
6/13 at 100.00 
A+ 
3,486,763 
   
5.250%, 6/01/22 
     
   
New York State Thruway Authority, General Revenue Bonds, Series 2005G: 
     
6,460 
 
5.000%, 1/01/25 – AGM Insured (UB) 
7/15 at 100.00 
AAA 
6,876,218 
2,580 
 
5.000%, 1/01/26 – AGM Insured (UB) 
7/15 at 100.00 
AAA 
2,735,471 
1,850 
 
New York State Urban Development Corporation, Service Personal Income Tax Revenue Bonds, 
No Opt. Call 
AAA 
2,035,130 
   
Series 2005B, 5.000%, 9/15/13 – AGM Insured (UB) 
     
1,000 
 
New York State Urban Development Corporation, Subordinate Lien Corporate Purpose Bonds, Series 
7/14 at 100.00 
1,068,070 
   
2004A, 5.125%, 1/01/22 
     
45,975 
 
Total New York 
   
47,827,900 
   
North Carolina – 4.3% (2.6% of Total Investments)
     
10,300 
 
North Carolina Eastern Municipal Power Agency, Power System Revenue Refunding Bonds, Series 
No Opt. Call 
12,319,725 
   
1993B, 6.000%, 1/01/22 – CAPMAC Insured 
     
   
Ohio – 2.7% (1.6% of Total Investments)
     
   
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue 
     
   
Bonds, Senior Lien, Series 2007A-2: 
     
100 
 
5.125%, 6/01/24 
6/17 at 100.00 
BBB 
83,856 
1,050 
 
5.875%, 6/01/30 
6/17 at 100.00 
BBB 
828,933 
1,055 
 
5.750%, 6/01/34 
6/17 at 100.00 
BBB 
789,583 
2,355 
 
5.875%, 6/01/47 
6/17 at 100.00 
BBB 
1,669,106 
4,000 
 
Ohio, Solid Waste Revenue Bonds, Republic Services Inc., Series 2004, 4.250%, 4/01/33 
4/14 at 100.00 
BBB 
4,076,440 
   
(Mandatory put 4/01/14) (Alternative Minimum Tax) 
     
250 
 
Port of Greater Cincinnati Development Authority, Ohio, Economic Development Revenue Bonds, 
10/16 at 100.00 
N/R 
240,340 
   
Sisters of Mercy of the Americas, Series 2006, 5.000%, 10/01/25 
     
8,810 
 
Total Ohio 
   
7,688,258 
   
Oklahoma – 1.1% (0.7% of Total Investments)
     
450 
 
Norman Regional Hospital Authority, Oklahoma, Hospital Revenue Bonds, Series 2005, 
9/16 at 100.00 
BB+ 
379,355 
   
5.375%, 9/01/36 
     
2,725 
 
Tulsa County Industrial Authority, Oklahoma, Health Care Revenue Bonds, Saint Francis Health 
12/16 at 100.00 
AA 
2,739,606 
   
System, Series 2006, 5.000%, 6/15/30 (UB) 
     
44 
 
Tulsa County Industrial Authority, Oklahoma, Health Care Revenue Bonds, Saint Francis Health 
12/16 at 100.00 
AA 
44,429 
   
System, Series 2008, Trust 3500, 8.350%, 12/15/36 (IF) 
     
3,219 
 
Total Oklahoma 
   
3,163,390 
   
Oregon – 1.2% (0.7% of Total Investments)
     
   
Oregon, General Obligation Bonds, State Board of Higher Education, Series 2004A: 
     
1,795 
 
5.000%, 8/01/21 
8/14 at 100.00 
Aa1 
2,009,969 
1,240 
 
5.000%, 8/01/23 
8/14 at 100.00 
Aa1 
1,328,189 
3,035 
 
Total Oregon 
   
3,338,158 
   
Pennsylvania – 1.9% (1.2% of Total Investments)
     
2,000 
 
Allegheny County Sanitary Authority, Pennsylvania, Sewerage Revenue Bonds, Series 2005A, 
12/15 at 100.00 
2,071,020 
   
5.000%, 12/01/23 – NPFG Insured 
     
4,500 
 
Pennsylvania Turnpike Commission, Turnpike Subordinate Revenue Bonds, Series 2009C, 0.000%, 
6/26 at 100.00 
AAA 
3,502,395 
   
6/01/33 – AGM Insured 
     
6,500 
 
Total Pennsylvania 
   
5,573,415 
   
Puerto Rico – 0.9% (0.5% of Total Investments)
     
3,000 
 
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series 
8/26 at 100.00 
A+ 
2,474,490 
   
2009A, 0.000%, 8/01/32 
     
   
Rhode Island – 1.7% (1.1% of Total Investments)
     
4,935 
 
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds, 
6/12 at 100.00 
BBB 
4,965,104 
   
Series 2002A, 6.000%, 6/01/23 
     
   
South Carolina – 8.0% (4.9% of Total Investments)
     
2,500 
 
Berkeley County School District, South Carolina, Installment Purchase Revenue Bonds, Securing 
12/13 at 100.00 
A1 
2,584,700 
   
Assets for Education, Series 2003, 5.250%, 12/01/24 
     
4,405 
 
Dorchester County School District 2, South Carolina, Installment Purchase Revenue Bonds, 
12/14 at 100.00 
AA– 
4,646,526 
   
GROWTH, Series 2004, 5.250%, 12/01/23 
     
3,340 
 
Greenville County School District, South Carolina, Installment Purchase Revenue Bonds, Series 
12/13 at 100.00 
AA 
3,672,864 
   
2003, 5.250%, 12/01/19 (UB) 
     
3,620 
 
Greenville, South Carolina, Hospital Facilities Revenue Refunding Bonds, Series 2003A, 5.250%, 
5/13 at 100.00 
AA– 
3,734,718 
   
5/01/21 – AMBAC Insured 
     
310 
 
South Carolina JOBS Economic Development Authority, Economic Development Revenue Bonds, Bon 
11/12 at 100.00 
A3 (4) 
345,588 
   
Secours Health System Inc., Series 2002A, 5.625%, 11/15/30 (Pre-refunded 11/15/12) 
     
1,190 
 
South Carolina JOBS Economic Development Authority, Economic Development Revenue Bonds, Bon 
11/12 at 100.00 
A– 
1,196,105 
   
Secours Health System Inc., Series 2002B, 5.625%, 11/15/30 
     
   
South Carolina JOBS Economic Development Authority, Hospital Refunding and Improvement Revenue 
     
   
Bonds, Palmetto Health Alliance, Series 2003C: 
     
4,895 
 
6.375%, 8/01/34 (Pre-refunded 8/01/13) 
8/13 at 100.00 
BBB+ (4) 
5,679,473 
605 
 
6.375%, 8/01/34 (Pre-refunded 8/01/13) 
8/13 at 100.00 
BBB+ (4) 
705,878 
455 
 
Tobacco Settlement Revenue Management Authority, South Carolina, Tobacco Settlement 
5/11 at 101.00 
BBB (4) 
472,436 
   
Asset-Backed Bonds, Series 2001B, 6.000%, 5/15/22 (Pre-refunded 5/15/11) 
     
21,320 
 
Total South Carolina 
   
23,038,288 
   
South Dakota – 0.6% (0.4% of Total Investments)
     
1,750 
 
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sioux Valley 
11/14 at 100.00 
AA– 
1,790,408 
   
Hospitals, Series 2004A, 5.500%, 11/01/31 
     
   
Tennessee – 1.4% (0.9% of Total Investments)
     
2,060 
 
Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Refunding 
7/23 at 100.00 
A (4) 
2,078,066 
   
and Improvement Bonds, Johnson City Medical Center, Series 1998C, 5.125%, 7/01/25 
     
   
(Pre-refunded 7/01/23) – MBIA Insured 
     
1,600 
 
Johnson City Health and Educational Facilities Board, Tennessee, Revenue Bonds, Mountain 
7/16 at 100.00 
BBB+ 
1,576,016 
   
States Health Alliance, Series 2006A, 5.500%, 7/01/36 
     
400 
 
Sumner County Health, Educational, and Housing Facilities Board, Tennessee, Revenue Refunding 
11/17 at 100.00 
N/R 
344,280 
   
Bonds, Sumner Regional Health System Inc., Series 2007, 5.500%, 11/01/37 (7) 
     
4,060 
 
Total Tennessee 
   
3,998,362 
   
Texas – 7.0% (4.3% of Total Investments)
     
1,075 
 
Brazos River Authority, Texas, Pollution Control Revenue Bonds, TXU Energy Company LLC 
10/13 at 101.00 
CCC 
507,443 
   
Project, Series 2003C, 6.750%, 10/01/38 (Alternative Minimum Tax) 
     
3,000 
 
Houston, Texas, First Lien Combined Utility System Revenue Bonds, Series 2004A, 5.250%, 
5/14 at 100.00 
AA 
3,244,230 
   
5/15/25 – NPFG Insured 
     
   
Kerrville Health Facilities Development Corporation, Texas, Revenue Bonds, Sid Peterson 
     
   
Memorial Hospital Project, Series 2005: 
     
400 
 
5.250%, 8/15/21 
No Opt. Call 
BBB– 
403,048 
600 
 
5.125%, 8/15/26 
No Opt. Call 
BBB– 
566,676 
2,265 
 
Lower Colorado River Authority, Texas, Contract Revenue Refunding Bonds, Transmission Services 
5/13 at 100.00 
2,393,471 
   
Corporation, Series 2003C, 5.250%, 5/15/25 – AMBAC Insured 
     
290 
 
Mansfield Independent School District, Tarrant County, Texas, General Obligation Bonds, Series 
2/11 at 100.00 
AAA 
296,174 
   
2001, 5.375%, 2/15/26 
     
1,710 
 
Mansfield Independent School District, Tarrant County, Texas, General Obligation Bonds, Series 
2/11 at 100.00 
AAA 
1,757,931 
   
2001, 5.375%, 2/15/26 (Pre-refunded 2/15/11) 
     
950 
 
North Texas Thruway Authority, Second Tier System Revenue Refunding Bonds, Series 2008, 
1/18 at 100.00 
A3 
996,370 
   
5.750%, 1/01/38 
     
1,000 
 
Sabine River Authority, Texas, Pollution Control Revenue Bonds, TXU Electric Company, Series 
11/15 at 100.00 
CCC 
422,030 
   
2001C, 5.200%, 5/01/28 
     
3,000 
 
Tarrant County Cultural & Educational Facilities Financing Corporation, Texas, Revenue Bonds, 
2/17 at 100.00 
AA– 
3,016,560 
   
Texas Health Resources, Series 2007A, 5.000%, 2/15/36 (UB) 
     
185 
 
Tarrant County Cultural and Educational Facilities Finance Corporation, Texas, Revenue Bonds, 
2/17 at 100.00 
AA– 
187,757 
   
Texas Health Resources Project, Trust 1031, 12.168%, 2/15/36 (IF) 
     
   
Texas Tech University, Financing System Revenue Bonds, 9th Series 2003: 
     
3,525 
 
5.250%, 2/15/18 – AMBAC Insured 
8/13 at 100.00 
AA 
3,922,479 
2,250 
 
5.250%, 2/15/19 – AMBAC Insured 
8/13 at 100.00 
AA 
2,498,738 
20,250 
 
Total Texas 
   
20,212,907 
   
Utah – 0.1% (0.1% of Total Investments)
     
315 
 
Utah Housing Corporation, Single Family Mortgage Bonds, Series 2001D, 5.500%, 1/01/21 
7/11 at 100.00 
Aaa 
318,191 
   
(Alternative Minimum Tax) 
     
25 
 
Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 1996C, 6.450%, 7/01/14 
1/11 at 100.00 
Aaa 
25,054 
   
(Alternative Minimum Tax) 
     
340 
 
Total Utah 
   
343,245 
   
Washington – 5.7% (3.5% of Total Investments)
     
2,000 
 
Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station – 
7/12 at 100.00 
Aaa 
2,184,160 
   
Nuclear Project 2, Series 2002C, 5.750%, 7/01/17 – NPFG Insured 
     
7,000 
 
Energy Northwest, Washington, Electric Revenue Refunding Bonds, Nuclear Project 1, Series 
7/13 at 100.00 
Aaa 
7,835,170 
   
2003A, 5.500%, 7/01/16 (UB) 
     
3,160 
 
King County Public Hospital District 2, Washington, Limited Tax General Obligation Bonds, 
6/11 at 101.00 
AA– 
3,224,116 
   
Evergreen Hospital Medical Center, Series 2001A, 5.250%, 12/01/24 – AMBAC Insured 
     
1,000 
 
Skagit County Public Hospital District 1, Washington, Revenue Bonds, Skagit Valley Hospital, 
No Opt. Call 
Baa2 
1,034,020 
   
Series 2003, 6.000%, 12/01/23 
     
2,200 
 
Washington, General Obligation Refunding Bonds, Series 1992A and 1992AT-6, 6.250%, 2/01/11 
No Opt. Call 
AA+ 
2,265,846 
15,360 
 
Total Washington 
   
16,543,312 
   
West Virginia – 1.6% (1.0% of Total Investments)
     
2,000 
 
West Virginia Water Development Authority, Infrastructure Revenue Bonds, Series 2003A, 5.500%, 
10/13 at 101.00 
AAA 
2,325,780 
   
10/01/23 (Pre-refunded 10/01/13) – AMBAC Insured 
     
2,150 
 
West Virginia Water Development Authority, Loan Program II Revenue Bonds, Series 2003B, 
11/13 at 101.00 
A– 
2,267,690 
   
5.250%, 11/01/23 – AMBAC Insured 
     
4,150 
 
Total West Virginia 
   
4,593,470 
   
Wisconsin – 5.9% (3.7% of Total Investments)
     
5,670 
 
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Agnesian Healthcare 
7/11 at 100.00 
A– 
5,688,201 
   
Inc., Series 2001, 6.000%, 7/01/30 
     
160 
 
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Divine Savior 
5/16 at 100.00 
BBB 
135,869 
   
Healthcare, Series 2006, 5.000%, 5/01/32 
     
1,000 
 
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Fort Healthcare Inc., 
5/14 at 100.00 
BBB+ 
1,020,830 
   
Series 2004, 5.375%, 5/01/18 
     
205 
 
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Froedtert and Community 
10/11 at 101.00 
AA– 
208,612 
   
Health Obligated Group, Series 2001, 5.375%, 10/01/30 
     
2,145 
 
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Froedtert and Community 
10/11 at 101.00 
AA– (4) 
2,293,220 
   
Health Obligated Group, Series 2001, 5.375%, 10/01/30 (Pre-refunded 10/01/11) 
     
5,000 
 
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic, 
8/10 at 101.00 
BBB+ 
5,040,300 
   
Series 1999, 6.250%, 2/15/18 – RAAI Insured 
     
2,500 
 
Wisconsin State, General Obligation Bonds, Series 2006A, 4.750%, 5/01/25 – FGIC Insured (UB) 
5/16 at 100.00 
AA 
2,658,075 
16,680 
 
Total Wisconsin 
   
17,045,107 
   
Wyoming – 0.5% (0.3% of Total Investments)
     
1,350 
 
Sweetwater County, Wyoming, Solid Waste Disposal Revenue Bonds, FMC Corporation, Series 2005, 
12/15 at 100.00 
BBB+ 
1,333,152 
   
5.600%, 12/01/35 (Alternative Minimum Tax) 
     
$   504,529 
 
Total Investments (cost $443,444,014) – 161.4% 
   
466,340,853 
   
Floating Rate Obligations – (20.9)% 
   
(60,373,400)
   
Other Assets Less Liabilities – 3.4% 
   
9,777,417 
   
Auction Rate Preferred Shares, at Liquidation Value – (43.9)% (5) 
   
(126,850,000)
   
Net Assets Applicable to Common Shares – 100% 
   
$  288,894,870 


 
 

 
 
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 methodologies 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 July 31, 2010:
 
         
 
Level 1
Level 2
Level 3
Total
Investments: 
       
Municipal Bonds 
$ — 
$465,441,073 
$899,780 
$466,340,853 

 
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 at the beginning of period 
$        — 
Gains (losses): 
 
Net realized gains (losses) 
— 
Net change in unrealized appreciation (depreciation) 
— 
Net purchases at cost (sales at proceeds) 
— 
Net discounts (premiums) 
— 
Net transfers in to (out of) at end of period fair value 
899,780 
Balance at the end of period 
$899,780 

 
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 timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. 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 July 31, 2010, the cost of investments was $389,543,971.
 
 
Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2010, were as follows:
 
   
Gross unrealized: 
 
Appreciation 
$ 29,873,398 
Depreciation 
(13,444,964)
Net unrealized appreciation (depreciation) of investments 
$ 16,428,434 

   
(1) 
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common 
 
shares unless otherwise noted. 
(2) 
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. 
 
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities 
 
may be subject to periodic principal paydowns. 
(3) 
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investor Service, Inc. 
 
(“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB 
 
by Fitch are considered to be below investment grade. 
(4) 
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, 
 
which ensure the timely payment of principal and interest. Such investments are normally considered to be 
 
equivalent to AAA rated securities. 
(5) 
Auction Rate Preferred Shares, at Liquidation Value as a percentage of Total Investments is 27.2%. 
(6) 
Principal Amount (000) rounds to less than $1,000. 
(7) 
For fair value measurement disclosure purposes, investment categorized as Level 3. 
N/R 
Not rated. 
(ETM) 
Escrowed to maturity. 
(IF) 
Inverse floating rate investment. 
(UB) 
Underlying bond of an inverse floating rate trust reflected as a financing transaction. 


 
 
 

 
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: See EX-99 CERT attached hereto.

 
 
 

 
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 Premier Municipal Income Fund, Inc. 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date         September 29, 2010        
 
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         September 29, 2010        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date         September 29, 2010        
 

EX-99.CERT 2 certification2.htm CERTIFICATIONS Unassociated Document
CERTIFICATIONS

I, Gifford R. Zimmerman, certify that:
 
1.
I have reviewed this report on Form N-Q of Nuveen Premier Municipal Income Fund, Inc.;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4.
The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
a.  
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.  
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.  
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
d.  
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.
The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a.  
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
b.  
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
 
Date:         September 29, 2010        
 
/s/ Gifford R. Zimmerman
Gifford R. Zimmerman
Chief Administrative Officer
(principal executive officer)
 
 
 
 

 
 
 
CERTIFICATIONS
 
I, Stephen D. Foy, certify that:
 
1.
I have reviewed this report on Form N-Q of Nuveen Premier Municipal Income Fund, Inc.;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4.
The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
a.  
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.  
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.  
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
d.  
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.
The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a.  
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
b.  
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
 
Date:         September 29, 2010        
 
/s/ Stephen D. Foy
Stephen D. Foy
Vice President and Controller
(principal financial officer)



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