N-Q 1 nq2.htm NPF Unassociated Document



 
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:         7/31/13         
 
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, 2013
     
 
 
Principal
   
Optional Call
   
Amount (000)
 
Description (1)
Provisions (2)
Ratings (3)
Value
   
Alabama – 1.7% (1.1% of Total Investments)
     
$    2,010
 
Alabama Special Care Facilities Financing Authority, Revenue Bonds, Ascension Health, Series
11/16 at 100.00
AA+
$    1,998,201
   
2006C-2, 5.000%, 11/15/39
     
   
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
1,237,668
400
 
5.000%, 11/15/30
11/15 at 100.00
Baa2
378,904
1,000
 
Montgomery BMC Special Care Facilities Financing Authority, Alabama, Revenue Bonds, Baptist
11/14 at 100.00
A3 (4)
1,064,160
   
Medical Center, Series 2004C, 5.250%, 11/15/29 (Pre-refunded 11/15/14)
     
4,610
 
Total Alabama
   
4,678,933
   
Alaska – 0.3% (0.2% of Total Investments)
     
1,000
 
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds,
6/14 at 100.00
B+
733,070
   
Series 2006A, 5.000%, 6/01/46
     
   
Arizona – 4.0% (2.5% of Total Investments)
     
2,335
 
Arizona Sports and Tourism Authority, Senior Revenue Refunding Bonds, Multipurpose Stadium
7/22 at 100.00
A1
2,348,263
   
Facility Project, Series 2012A, 5.000%, 7/01/36
     
   
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+
102,414
135
 
5.250%, 12/01/25
12/15 at 100.00
BBB+
137,709
7,000
 
Phoenix, Arizona, Civic Improvement Revenue Bonds, Civic Plaza, Series 2005B, 5.500%, 7/01/39 –
No Opt. Call
AA
7,410,270
   
FGIC Insured
     
1,200
 
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc
No Opt. Call
A–
1,150,536
   
Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37
     
10,770
 
Total Arizona
   
11,149,192
   
Arkansas – 0.9% (0.5% of Total Investments)
     
2,155
 
Arkansas Development Finance Authority, State Facility Revenue Bonds, Department of Correction
11/15 at 100.00
AA- (4)
2,370,565
   
Special Needs Unit Project, Series 2005B, 5.000%, 11/01/25 (Pre-refunded 11/01/15) –
     
   
AGM Insured
     
   
California – 21.6% (13.7% of Total Investments)
     
3,000
 
Anaheim Public Finance Authority, California, Senior Lease Bonds, Public Improvement Project,
9/17 at 100.00
A1
2,829,150
   
Refunding Series 2007A-1, 4.375%, 3/01/37 – FGIC Insured
     
   
Anaheim Public Finance Authority, California, Subordinate Lease Revenue Bonds, Public
     
   
Improvement Project, Series 1997C:
     
2,945
 
0.000%, 9/01/27
No Opt. Call
AA–
1,361,002
2,255
 
0.000%, 9/01/32 – AGM Insured
No Opt. Call
AA–
739,302
1,000
 
Arcadia Unified School District, Los Angeles County, California, General Obligation Bonds,
2/17 at 44.77
Aa2
330,700
   
Election 2006 Series 2007A, 0.000%, 8/01/33 – AGM Insured
     
1,055
 
Brisbane School District, San Mateo County, California, General Obligation Bonds, Election
No Opt. Call
AA–
291,855
   
2003 Series 2005, 0.000%, 7/01/35 – AGM Insured
     
1,700
 
Byron Unified School District, Contra Costa County, California, General Obligation Bonds,
No Opt. Call
Aa3
572,611
   
Series 2007B, 0.000%, 8/01/32 – SYNCORA GTY Insured
     
1,350
 
California Educational Facilities Authority, Revenue Bonds, University of Southern California,
10/15 at 100.00
Aa1
1,396,481
   
Series 2005, 4.750%, 10/01/28
     
1,975
 
California Health Facilities Financing Authority, Revenue Bonds, Catholic Healthcare West,
No Opt. Call
A
2,055,916
   
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
1,831,308
   
Series 2009B, 5.500%, 10/01/39
     
4,900
 
California State, General Obligation Bonds, Series 2004, 5.000%, 6/01/23 – AMBAC Insured
12/14 at 100.00
A1
5,192,530
500
 
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity
7/15 at 100.00
BBB–
495,315
   
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+
1,619,232
   
Series 2001C, 5.250%, 8/01/31
     
1,025
 
California Statewide Community Development Authority, Revenue Bonds, Sutter Health, Tender
No Opt. Call
AA–
1,208,875
   
Option Bond Trust 3175, 13.529%, 5/15/14 (IF)
     
1,000
 
Chula Vista, California, Industrial Development Revenue Bonds, San Diego Gas and Electric
6/14 at 102.00
A+
1,055,080
   
Company, Series 1996A, 5.300%, 7/01/21
     
5,045
 
Culver City Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment
11/21 at 61.42
A
1,932,235
   
Project, Capital Appreciation Series 2011A, 0.000%, 11/01/27
     
3,010
 
El Camino Community College District, California, General Obligation Bonds, Election of 2002
8/22 at 100.00
Aa1
1,802,478
   
Series 2012C, 0.000%, 8/01/25
     
25,000
 
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series
No Opt. Call
Aaa
23,998,740
   
1995A, 0.000%, 1/01/17 (ETM)
     
3,500
 
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
6/17 at 100.00
B
2,499,315
   
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 (4)
6,522,811
   
5.000%, 7/01/22 (Pre-refunded 7/01/15) – AMBAC Insured
     
4,615
 
Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project
No Opt. Call
A–
937,399
   
Area, Series 2011B, 0.000%, 10/01/38
     
   
San Diego County, California, Certificates of Participation, Burnham Institute, Series 2006:
     
100
 
5.000%, 9/01/21
9/15 at 102.00
Baa2
103,165
110
 
5.000%, 9/01/23
9/15 at 102.00
Baa2
111,596
2,000
 
San Francisco, California, Community Facilities District 6, Mission Bay South Public
8/22 at 29.31
N/R
282,640
   
Improvements, Special Tax Refunding Bonds, Series 2013C, 0.000%, 8/01/43
     
1,145
 
Southern Kern Unified School District, Kern County, California, General Obligation Bonds,
No Opt. Call
AA
435,730
   
Series 2006C, 0.000%, 11/01/30 – AGM Insured
     
1,175
 
Southern Kern Unified School District, Kern County, California, General Obligation Bonds,
No Opt. Call
AA–
318,766
   
Series 2010B, 0.000%, 11/01/35 – AGM Insured
     
77,710
 
Total California
   
59,924,232
   
Colorado – 9.1% (5.8% of Total Investments)
     
1,000
 
Colorado Health Facilities Authority, Revenue Bonds, Evangelical Lutheran Good Samaritan
6/16 at 100.00
A–
995,060
   
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
1,150,667
   
5.000%, 9/01/25
     
400
 
Colorado Health Facilities Authority, Revenue Bonds, Poudre Valley Health Care, Series 2005F,
3/15 at 100.00
A+
406,812
   
5.000%, 3/01/25
     
750
 
Colorado Health Facilities Authority, Revenue Bonds, Vail Valley Medical Center, Series 2004,
1/15 at 100.00
A–
779,940
   
5.000%, 1/15/17
     
   
Denver City and County, Colorado, Airport Revenue Bonds, Series 2006:
     
4,060
 
5.000%, 11/15/23 – FGIC Insured
11/16 at 100.00
A+
4,434,860
6,800
 
5.000%, 11/15/24 – FGIC Insured
11/16 at 100.00
A+
7,327,068
8,940
 
5.000%, 11/15/25 – FGIC Insured
11/16 at 100.00
A+
9,457,358
660
 
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue
12/20 at 100.00
AA–
704,649
   
Refunding Bonds, Series 2011, 6.125%, 12/01/41 – AGM Insured
     
23,760
 
Total Colorado
   
25,256,414
   
Florida – 2.0% (1.2% of Total Investments)
     
105
 
Marion County Hospital District, Florida, Revenue Bonds, Munroe Regional Medical Center,
10/17 at 100.00
A–
106,590
   
Series 2007, 5.000%, 10/01/34
     
1,500
 
Martin County Industrial Development Authority, Florida, Industrial Development Revenue
6/20 at 100.00
Ba1
1,384,530
   
Refunding Bonds, Indiantown Cogeneration LP, Series 2013, 3.950%, 12/15/21 (Alternative
     
   
Minimum Tax)
     
1,000
 
South Miami Health Facilities Authority, Florida, Hospital Revenue, Baptist Health System
8/17 at 100.00
AA
995,420
   
Obligation Group, Series 2007, 5.000%, 8/15/42
     
2,150
 
Sumter County, Florida, Capital Improvement Revenue Bonds, Series 2006, 5.000%, 6/01/30 –
6/16 at 100.00
A
2,243,977
   
AMBAC Insured
     
700
 
Tampa, Florida, Cigarette Tax Allocation Bonds, H. Lee Moffitt Cancer Center Project,
9/22 at 100.00
A+
725,305
   
Refunding & Capital Improvement Series 2012A, 5.000%, 9/01/29
     
5,455
 
Total Florida
   
5,455,822
   
Georgia – 2.9% (1.9% of Total Investments)
     
   
Coffee County Hospital Authority, Georgia, Revenue Bonds, Coffee County Regional Medical
     
   
Center, Series 2004:
     
500
 
5.000%, 12/01/19
12/14 at 100.00
BB–
500,030
1,000
 
5.250%, 12/01/22
12/14 at 100.00
BB–
996,280
1,000
 
Main Street Natural Gas Inc., Georgia, Gas Project Revenue Bonds, Series 2006B, 5.000%, 3/15/20
No Opt. Call
A
1,093,010
4,105
 
Municipal Electric Authority of Georgia, Combustion Turbine Revenue Bonds, Series 2003A,
11/13 at 100.00
A1
4,150,812
   
5.125%, 11/01/17 – NPFG Insured
     
1,425
 
Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia
10/21 at 100.00
Aa2
1,403,725
   
Medical Center Project, Series 2011B, 5.000%, 10/01/41
     
8,030
 
Total Georgia
   
8,143,857
   
Idaho – 0.4% (0.2% of Total Investments)
     
5
 
Idaho Housing and Finance Association, Single Family Mortgage Bonds, Series 1996E, 6.350%,
1/14 at 100.00
AAA
5,018
   
7/01/14 (Alternative Minimum Tax)
     
310
 
Idaho Water Resource Board, Water Resource Loan Program Revenue, Ground Water Rights
9/22 at 100.00
Baa1
306,978
   
Mitigation Series 2012A, 5.000%, 9/01/32
     
   
Madison County, Idaho, Hospital Revenue Certificates of Participation, Madison Memorial
     
   
Hospital, Series 2006:
     
500
 
5.250%, 9/01/26
9/16 at 100.00
BB+
496,705
200
 
5.250%, 9/01/37
9/16 at 100.00
BB+
186,178
1,015
 
Total Idaho
   
994,879
   
Illinois – 19.4% (12.3% of Total Investments)
     
3,000
 
Bensenville, Illinois, General Obligation Bonds, Series 2011A, 5.000%, 12/15/30 – AGM Insured
12/21 at 100.00
AA–
3,051,150
220
 
Chicago Public Building Commission, Illinois, General Obligation Lease Certificates, Chicago
No Opt. Call
A (4)
232,533
   
Board of Education, Series 1990B, 7.000%, 1/01/15 – NPFG Insured (ETM)
     
4,100
 
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2011, 5.250%, 12/01/40
12/21 at 100.00
AA
4,185,690
8,670
 
Chicago, Illinois, General Obligation Bonds, City Colleges, Series 1999, 0.000%, 1/01/24 –
No Opt. Call
AA–
5,365,690
   
FGIC Insured
     
5,000
 
Chicago, Illinois, Motor Fuel Tax Revenue Bonds, Series 2003A, 5.000%, 1/01/33 – AMBAC Insured
1/14 at 100.00
AA+
5,001,700
2,000
 
Chicago, Illinois, Revenue Bonds, Midway Airport, Series 1996A, 5.500%, 1/01/29 – NPFG Insured
1/14 at 100.00
A
2,005,940
785
 
Chicago, Illinois, Revenue Bonds, Midway Airport, Series 1998B, 5.000%, 1/01/35 – NPFG Insured
1/14 at 100.00
A
785,024
6,410
 
Chicago, Illinois, Second Lien Wastewater Transmission Revenue Bonds, Series 2001A, 5.500%,
No Opt. Call
A+
6,999,592
   
1/01/30 – NPFG Insured
     
8,500
 
Chicago, Illinois, Water Revenue Bonds, Senior Lien Series 2001, 5.750%, 11/01/30 – AMBAC
No Opt. Call
A2
9,480,815
   
Insured (UB) (5)
     
200
 
Illinois Finance Authority, Revenue Bonds, Proctor Hospital, Series 2006, 5.125%, 1/01/25
1/16 at 100.00
BB–
170,278
   
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
CCC
382,347
1,750
 
5.250%, 1/01/30
1/16 at 100.00
CCC
763,438
   
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
AA–
7,001,073
10,775
 
0.000%, 12/15/24 – NPFG Insured
No Opt. Call
AA–
6,703,990
2,395
 
Southwestern Illinois Development Authority, Local Government Revenue Bonds, Edwardsville
No Opt. Call
AA–
1,645,557
   
Community Unit School District 7 Project, Series 2007, 0.000%, 12/01/22 – AGM Insured
     
65,230
 
Total Illinois
   
53,774,817
   
Indiana – 4.1% (2.6% of Total Investments)
     
2,275
 
Anderson School Building Corporation, Madison County, Indiana, First Mortgage Bonds, Series
1/14 at 100.00
AA+ (4)
2,330,032
   
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
A
4,287,808
   
Community School Corporation, Series 2000, 0.000%, 1/15/23 – NPFG Insured
     
1,500
 
Indiana Finance Authority, Private Activity Bonds, Ohio River Bridges East End Crossing
7/23 at 100.00
BBB
1,445,775
   
Project, Series 2013A, 5.000%, 7/01/35 (Alternative Minimum Tax)
     
1,250
 
Portage, Indiana, Economic Development Revenue Bonds, Ameriplex Project, Series 2006,
7/16 at 100.00
A
1,278,888
   
5.000%, 7/15/23
     
1,700
 
Saint Joseph County, Indiana, Educational Facilities Revenue Bonds, University of Notre Dame
3/18 at 100.00
Aaa
1,789,624
   
du Lac Project, 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
N/R
108,170
   
2005, 5.250%, 2/15/28 (6)
     
13,905
 
Total Indiana
   
11,240,297
   
Iowa – 1.2% (0.7% of Total Investments)
     
4,000
 
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C,
6/15 at 100.00
B+
3,251,960
   
5.500%, 6/01/42
     
   
Kansas – 2.5% (1.6% of Total Investments)
     
5,000
 
Wyandotte County/Kansas City Unified Government Board of Utilities, Kansas, Utility System
No Opt. Call
A+
5,165,700
   
Revenue Bonds, Series 2012B, 5.000%, 9/01/32
     
2,865
 
Wyandotte County-Kansas City Unified Government, Kansas, Sales Tax Special Obligation Capital
No Opt. Call
BBB+
1,851,879
   
Appreciation Revenue Bonds Redevelopment Project Area B – Major Multi-Sport Athletic Complex
     
   
Project, Subordinate Lien Series 2010B, 0.000%, 6/01/21
     
7,865
 
Total Kansas
   
7,017,579
   
Kentucky – 0.8% (0.5% of Total Investments)
     
1,700
 
Kentucky Economic Development Finance Authority, Hospital Facilities Revenue Bonds, Owensboro
6/20 at 100.00
BBB+
1,812,013
   
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
A+
508,271
   
Bonds, Sisters of Mercy of the Americas, Series 2006, 5.000%, 10/01/35
     
2,210
 
Total Kentucky
   
2,320,284
   
Louisiana – 7.0% (4.5% of Total Investments)
     
2,930
 
Ascension Parish Industrial development Board, Louisiana, Revenue Bonds, Impala Warehousing
7/23 at 100.00
N/R
2,706,734
   
(US) LLC Project, Series 2013, 6.000%, 7/01/36
     
1,500
 
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,
5/17 at 100.00
Baa1
1,525,215
   
Series 2007A, 5.500%, 5/15/47
     
330
 
Louisiana Stadium and Exposition District, Revenue Refunding Bonds, Senior Lien Series 2013A,
7/23 at 100.00
A
330,241
   
5.000%, 7/01/36
     
   
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Series 2006A:
     
825
 
4.750%, 5/01/39 – AGM Insured (UB)
5/16 at 100.00
Aa1
825,363
8,880
 
4.500%, 5/01/41 – FGIC Insured (UB)
5/16 at 100.00
Aa1
8,619,016
5
 
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Series 2006A, Trust 660, 16.073%,
5/16 at 100.00
Aa1
4,414
   
5/01/34 – FGIC Insured (IF)
     
3,950
 
Morehouse Parish, Louisiana, Pollution Control Revenue Bonds, International Paper Company,
No Opt. Call
BBB
4,068,145
   
Series 2002A, 5.700%, 4/01/14
     
1,000
 
New Orleans, Louisiana, General Obligation Refunding Bonds, Series 2012, 5.000%, 12/01/28 –
12/22 at 100.00
AA–
1,038,480
   
AGM Insured
     
385
 
Saint Charles Parish, Louisiana, Gulf Opportunity Zone Revenue Bonds, Valero Project, Series
No Opt. Call
BBB
384,415
   
2010, 4.000%, 12/01/40 (Mandatory put 6/01/22)
     
19,805
 
Total Louisiana
   
19,502,023
   
Maryland – 1.3% (0.8% of Total Investments)
     
2,000
 
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health,
8/14 at 100.00
A2
2,077,580
   
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
A
1,421,700
   
Health, Series 2006A, 4.750%, 7/01/36 – NPFG Insured
     
3,500
 
Total Maryland
   
3,499,280
   
Massachusetts – 4.2% (2.7% of Total Investments)
     
7,500
 
Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds, Senior
1/20 at 100.00
A+
7,702,500
   
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
1,014,280
   
5.625%, 10/01/24
     
3,000
 
Massachusetts State, Special Obligation Dedicated Tax Revenue Bonds, Series 2004, 5.250%,
1/14 at 100.00
A1 (4)
3,062,730
   
1/01/24 (Pre-refunded 1/01/14) – FGIC Insured
     
11,500
 
Total Massachusetts
   
11,779,510
   
Michigan – 5.8% (3.7% of Total Investments)
     
4,600
 
Detroit, Michigan, Sewer Disposal System Revenue Bonds, Second Lien, Series 2006B, 4.625%,
7/16 at 100.00
A
3,989,902
   
7/01/34 – FGIC Insured
     
5,000
 
Detroit, Michigan, Water Supply System Revenue Bonds, Senior Lien Series 2011A, 5.250%, 7/01/41
7/21 at 100.00
BB–
4,583,050
1,500
 
Michigan Finance Authority, Revenue Bonds, Sparrow Obligated Group, Series 2012, 5.000%, 11/15/42
11/22 at 100.00
A+
1,445,190
815
 
Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Series
12/16 at 100.00
AA
822,661
   
2006A, 5.000%, 12/01/31
     
185
 
Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Series
12/16 at 100.00
Aa2 (4)
209,762
   
2006A, 5.000%, 12/01/31 (Pre-refunded 12/01/16)
     
5,000
 
Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Revenue Bonds,
6/18 at 100.00
BB–
4,832,400
   
Series 2008A, 6.875%, 6/01/42
     
170
 
Monroe County Hospital Finance Authority, Michigan, Mercy Memorial Hospital Corporation
6/16 at 100.00
BBB
173,670
   
Revenue Bonds, Series 2006, 5.500%, 6/01/35
     
17,270
 
Total Michigan
   
16,056,635
   
Minnesota – 3.8% (2.4% 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
A
4,405,550
1,000
 
Duluth Economic Development Authority, Minnesota, Healthcare Facilities Revenue Bonds,
2/14 at 100.00
N/R (4)
1,027,100
   
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
A2
2,330,029
   
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
558,572
   
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
1,050,900
1,000
 
Minnesota State, General Obligation Bonds, Various Purpose, Refunding Series 2010D,
No Opt. Call
AA+
1,179,270
   
5.000%, 8/01/18
     
10,170
 
Total Minnesota
   
10,551,421
   
Mississippi – 0.9% (0.6% of Total Investments)
     
2,325
 
Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial
9/14 at 100.00
AA–
2,422,836
   
Healthcare, Series 2004B-1, 5.000%, 9/01/24
     
   
Missouri – 1.1% (0.7% of Total Investments)
     
100
 
Hannibal Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Hannibal
3/16 at 100.00
BBB+
101,309
   
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+
2,971,181
   
Health System, Series 2004, 5.500%, 2/15/24
     
2,980
 
Total Missouri
   
3,072,490
   
Nebraska – 0.9% (0.6% of Total Investments)
     
1,580
 
Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Nebraska
No Opt. Call
Aa3
1,759,204
   
Medical Center, Series 2003, 5.000%, 11/15/16
     
515
 
Omaha Public Power District, Nebraska, Separate Electric System Revenue Bonds, Nebraska City
2/17 at 100.00
AA+
772,109
   
2, Series 2006A, 20.414%, 8/01/40 – AMBAC Insured (IF)
     
2,095
 
Total Nebraska
   
2,531,313
   
Nevada – 2.3% (1.5% of Total Investments)
     
4,000
 
Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2010B, 5.750%, 7/01/42
1/20 at 100.00
A+
4,352,920
2,050
 
Washoe County, Nevada, General Obligation Bonds, Reno-Sparks Convention & Visitors Authority,
7/21 at 100.00
AA
2,099,713
   
Refunding Series 2011, 5.000%, 7/01/32
     
6,050
 
Total Nevada
   
6,452,633
   
New Hampshire – 1.6% (1.0% of Total Investments)
     
3,500
 
New Hampshire Health and Education Facilities Authority, Revenue Bonds, Catholic Medical
No Opt. Call
BBB+
2,977,345
   
Center, Series 2012, 4.000%, 7/01/32
     
1,110
 
New Hampshire Health and Education Facilities Authority, Revenue Bonds, Dartmouth College,
6/19 at 100.00
AA+
1,361,315
   
Tender Option Bond Trust 09-7W, 14.226%, 6/01/39 (IF) (5)
     
4,610
 
Total New Hampshire
   
4,338,660
   
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
A+ (4)
1,100,330
   
5.250%, 9/01/24 (Pre-refunded 9/01/15)
     
2,000
 
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Barnabas Health
7/21 at 100.00
BBB+
2,059,060
   
Care System, Refunding Series 2011A, 5.625%, 7/01/32
     
1,000
 
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital
No Opt. Call
A+
518,180
   
Appreciation Series 2010A, 0.000%, 12/15/26
     
   
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006C:
     
25,000
 
0.000%, 12/15/35 – AMBAC Insured
No Opt. Call
A+
6,896,750
10,000
 
0.000%, 12/15/36 – AMBAC Insured
No Opt. Call
A+
2,580,800
2,500
 
New Jersey Turnpike Authority, Revenue Bonds, Series 2005A, 5.000%, 1/01/25 – AGM Insured
1/15 at 100.00
AA–
2,634,650
41,500
 
Total New Jersey
   
15,789,770
   
New York – 13.3% (8.4% of Total Investments)
     
   
Brooklyn Arena 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–
731,663
1,600
 
0.000%, 7/15/44
No Opt. Call
BBB–
255,120
1,500
 
Dormitory Authority of the State of New York, State and Local Appropriation Lease Bonds,
7/14 at 100.00
AA–
1,560,900
   
Upstate Community Colleges, Series 2004B, 5.250%, 7/01/19
     
1,100
 
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series
2/21 at 100.00
A
1,170,026
   
2011A, 5.750%, 2/15/47
     
2,200
 
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 4.500%,
2/17 at 100.00
A
1,995,070
   
2/15/47 – NPFG Insured
     
7,500
 
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A,
6/16 at 100.00
AA+
8,058,975
   
5.000%, 12/01/25 – FGIC Insured (UB)
     
865
 
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue
12/14 at 100.00
Aa1 (4)
921,709
   
Bonds, Fiscal Series 2005B, 5.000%, 6/15/23 (Pre-refunded 12/15/14) – AMBAC Insured
     
1,135
 
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue
12/14 at 100.00
AAA
1,204,700
   
Bonds, Fiscal Series 2005B, 5.000%, 6/15/23 – AMBAC Insured
     
1,050
 
New York City, New York, General Obligation Bonds, Fiscal Series 2004B, 5.250%, 8/01/15
8/14 at 100.00
AA
1,102,059
4,000
 
New York City, New York, General Obligation Bonds, Series 2004C-1, 5.250%, 8/15/20 (UB)
8/14 at 100.00
AA
4,195,360
910
 
New York Convention Center Development Corporation, Hotel Unit Fee Revenue Bonds, Series 2005,
11/15 at 100.00
AA+
942,214
   
Trust 2364, 17.236%, 11/15/44 – AMBAC Insured (IF)
     
1,560
 
New York Liberty Development Corporation, Liberty Revenue Bonds, 4 World Trade Center Project,
11/21 at 100.00
A+
1,552,543
   
Series 2011, 5.000%, 11/15/44
     
   
New York State Thruway Authority, General Revenue Bonds, Residual Series 2005G:
     
6,460
 
5.000%, 1/01/25 – AGM Insured (UB)
7/15 at 100.00
AA–
6,934,616
2,580
 
5.000%, 1/01/26 – AGM Insured (UB)
7/15 at 100.00
AA–
2,764,444
1,850
 
New York State Urban Development Corporation, Service Contract Revenue Bonds, Series 2005B,
3/15 at 100.00
AAA
1,989,176
   
5.000%, 3/15/24 (Pre-refunded 3/15/15) – AGM Insured (UB)
     
1,000
 
New York State Urban Development Corporation, Subordinate Lien Corporate Purpose Bonds, Series
7/14 at 100.00
A
1,041,440
   
2004A, 5.125%, 1/01/22
     
395
 
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
12/20 at 100.00
BBB
438,134
   
Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/42
     
36,365
 
Total New York
   
36,858,149
   
North Carolina – 4.5% (2.8% of Total Investments)
     
10,300
 
North Carolina Eastern Municipal Power Agency, Power System Revenue Refunding Bonds, Series
No Opt. Call
A
12,438,280
   
1993B, 6.000%, 1/01/22 – CAPMAC Insured (UB) (5)
     
   
North Dakota – 0.2% (0.1% of Total Investments)
     
675
 
Burleigh County, North Dakota, Health Care Revenue Refunding Bonds, St. Alexius Medical Center
7/22 at 100.00
BBB+
664,106
   
Project, Series 2012A, 5.000%, 7/01/38
     
   
Ohio – 4.9% (3.1% of Total Investments)
     
   
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
     
   
Bonds, Senior Lien, Series 2007A-2:
     
4,100
 
5.125%, 6/01/24
6/17 at 100.00
B–
3,420,876
3,410
 
5.875%, 6/01/47
6/17 at 100.00
B
2,552,010
1,000
 
Jobs Ohio Beverage System, Ohio, Statewide Senior Lien Liquor Profits Revenue Bonds, Tax
1/23 at 100.00
AA
1,017,240
   
Exempt Series 2013A, 5.000%, 1/01/38 (Mandatory put 1/01/23)
     
   
Jobs Ohio Beverage System, Ohio, Statewide Senior Lien Liquor Profits Revenue Bonds, Tender
     
   
Option Bond Trust 1157:
     
625
 
17.325%, 1/01/38 (IF) (5)
1/23 at 100.00
AA
668,100
1,315
 
17.325%, 1/01/38 (IF) (5)
1/23 at 100.00
AA
1,405,682
265
 
17.259%, 1/01/38 (IF) (5)
1/23 at 100.00
AA
283,200
4,000
 
Ohio, Solid Waste Revenue Bonds, Republic Services Inc., Series 2004, 4.250%, 4/01/33
No Opt. Call
BBB
4,045,040
   
(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
A+
255,858
   
Sisters of Mercy of the Americas, Series 2006, 5.000%, 10/01/25
     
14,965
 
Total Ohio
   
13,648,006
   
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+
448,799
   
5.375%, 9/01/36
     
2,705
 
Tulsa County Industrial Authority, Oklahoma, Health Care Revenue Bonds, Saint Francis Health
12/16 at 100.00
AA+
2,709,003
   
System, Series 2006, 5.000%, 12/15/36
     
3,155
 
Total Oklahoma
   
3,157,802
   
Oregon – 1.1% (0.7% of Total Investments)
     
   
Oregon State, General Obligation Bonds, State Board of Higher Education, Series 2004A:
     
1,795
 
5.000%, 8/01/21 (Pre-refunded 8/01/14)
8/14 at 100.00
AA+ (4)
1,881,250
1,240
 
5.000%, 8/01/23 (Pre-refunded 8/01/14)
8/14 at 100.00
AA+ (4)
1,299,582
3,035
 
Total Oregon
   
3,180,832
   
Pennsylvania – 2.3% (1.5% of Total Investments)
     
2,000
 
Allegheny County Sanitary Authority, Pennsylvania, Sewerage Revenue Bonds, Series 2005A,
12/15 at 100.00
A1
2,161,560
   
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
AA
4,291,515
   
6/01/33 – AGM Insured
     
6,500
 
Total Pennsylvania
   
6,453,075
   
Puerto Rico – 1.3% (0.8% of Total Investments)
     
3,000
 
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
8/26 at 100.00
A+
2,842,830
   
2009A, 0.000%, 8/01/32
     
10,000
 
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Bonds, Series 2005A,
5/15 at 11.19
BB–
687,800
   
0.000%, 5/15/50
     
13,000
 
Total Puerto Rico
   
3,530,630
   
Rhode Island – 0.7% (0.4% of Total Investments)
     
1,970
 
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,
12/13 at 100.00
Baa1
1,971,734
   
Series 2002A, 6.000%, 6/01/23
     
   
South Carolina – 3.9% (2.5% of Total Investments)
     
2,500
 
Berkeley County School District, South Carolina, Installment Purchase Revenue Bonds, Securing
12/13 at 100.00
Aa3
2,540,550
   
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)
4,694,409
   
GROWTH, Series 2004, 5.250%, 12/01/23 (Pre-refunded 12/01/14)
     
3,620
 
Greenville, South Carolina, Hospital Facilities Revenue Refunding Bonds, Series 2003A, 5.250%,
11/13 at 100.00
AA–
3,633,141
   
5/01/21 – AMBAC Insured
     
10,525
 
Total South Carolina
   
10,868,100
   
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
A+
1,750,473
   
Hospitals, Series 2004A, 5.500%, 11/01/31
     
   
Tennessee – 2.2% (1.4% of Total Investments)
     
275
 
Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Refunding
7/23 at 100.00
A (4)
276,026
   
and Improvement Bonds, Johnson City Medical Center, Series 1998C, 5.125%, 7/01/25
     
   
(Pre-refunded 7/01/23) – NPFG Insured
     
1,600
 
Johnson City Health and Educational Facilities Board, Tennessee, Revenue Bonds, Mountain
7/16 at 100.00
BBB+
1,633,344
   
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
996
   
Bonds, Sumner Regional Health System Inc., Series 2007, 5.500%, 11/01/37 (6)
     
4,000
 
The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006A, 5.250%, 9/01/26
No Opt. Call
A
4,283,640
6,275
 
Total Tennessee
   
6,194,006
   
Texas – 7.0% (4.4% of Total Investments)
     
4,280
 
Austin Convention Enterprises Inc., Texas, Convention Center Hotel Revenue Bonds, First Tier
1/17 at 100.00
BB+
3,930,709
   
Series 2006A, 5.000%, 1/01/34 – SYNCORA GTY Insured
     
1,075
 
Brazos River Authority, Texas, Pollution Control Revenue Bonds, TXU Energy Company LLC
10/13 at 101.00
CC
69,832
   
Project, Series 2003C, 6.750%, 10/01/38 (Alternative Minimum Tax)
     
3,750
 
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, First Tier Series
10/23 at 100.00
BBB+
3,651,450
   
2013A, 5.125%, 10/01/43 (WI/DD, Settling 8/01/13)
     
   
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Junior Lien Series 2001H:
     
150
 
0.000%, 11/15/24 – NPFG Insured
No Opt. Call
A
79,446
4,440
 
0.000%, 11/15/29 – NPFG Insured
No Opt. Call
A
1,665,799
3,000
 
Houston, Texas, First Lien Combined Utility System Revenue Bonds, First Lien Series 2004A,
5/14 at 100.00
AA
3,111,780
   
5.250%, 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
2/16 at 100.00
BBB–
410,364
600
 
5.125%, 8/15/26
2/16 at 100.00
BBB–
603,210
800
 
Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds,
11/20 at 100.00
BBB–
782,912
   
Southwest Airlines Company, Series 2010, 5.250%, 11/01/40
     
950
 
North Texas Tollway Authority, Second Tier System Revenue Refunding Bonds, Series 2008F,
1/18 at 100.00
A3
998,602
   
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
57,460
   
2001C, 5.200%, 5/01/28
     
125
 
Tarrant County Cultural and Educational Facilities Finance Corporation, Texas, Revenue Bonds,
2/17 at 100.00
AA–
125,790
   
Texas Health Resources Project, Trust 1031, 18.192%, 2/15/30 (IF) (5)
     
3,000
 
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, Texas
2/17 at 100.00
AA–
3,004,740
   
Health Resources, Series 2007A, 5.000%, 2/15/36 (UB)
     
1,000
 
Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Series
No Opt. Call
A3
955,940
   
2012, 5.000%, 12/15/31
     
   
Texas Tech University, Financing System Revenue Bonds, 9th Series 2003:
     
20
 
5.250%, 2/15/18 – AMBAC Insured
8/13 at 100.00
AA
20,081
15
 
5.250%, 2/15/19 – AMBAC Insured
8/13 at 100.00
AA
15,061
24,605
 
Total Texas
   
19,483,176
   
Utah – 2.7% (1.7% of Total Investments)
     
1,000
 
Central Utah Water Conservancy District, Water Revenue Bonds, Series 2012C, 5.000%, 10/01/42
10/22 at 100.00
AA+
1,041,740
2,000
 
Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc., Series 2012, 5.000%, 5/15/43
5/21 at 100.00
AA+
2,051,740
275
 
Utah Housing Corporation, Single Family Mortgage Bonds, Series 2001D, 5.500%, 1/01/21
1/14 at 100.00
Aaa
275,399
   
(Alternative Minimum Tax)
     
4,110
 
Utah Transit Authority, Sales Tax Revenue and Refunding Bonds, Series 2012, 5.000%, 6/15/42
6/22 at 100.00
A1
4,174,527
7,385
 
Total Utah
   
7,543,406
   
Virginia – 1.7% (1.1% of Total Investments)
     
   
Route 460 Funding Corporation, Virginia, Toll Road Revenue Bonds, Series 2012B:
     
1,525
 
0.000%, 7/01/36
No Opt. Call
BBB–
406,809
1,400
 
0.000%, 7/01/37
No Opt. Call
BBB–
350,910
1,765
 
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes LLC
1/22 at 100.00
BBB–
1,519,947
   
Project, Series 2012, 5.000%, 1/01/40 (Alternative Minimum Tax)
     
2,520
 
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River
7/22 at 100.00
BBB–
2,342,542
   
Crossing, Opco LLC Project, Series 2012, 5.500%, 1/01/42 (Alternative Minimum Tax)
     
7,210
 
Total Virginia
   
4,620,208
   
Washington – 1.4% (0.9% of Total Investments)
     
1,000
 
Skagit County Public Hospital District 1, Washington, Revenue Bonds, Skagit Valley Hospital,
12/13 at 100.00
Baa2 (4)
1,019,090
   
Series 2003, 6.000%, 12/01/23 (Pre-refunded 12/01/13)
     
1,000
 
Washington Health Care Facilities Authority, Revenue Bonds, Kadlec Regional Medical Center,
12/20 at 100.00
Baa3
972,150
   
Series 2010, 5.500%, 12/01/39
     
1,000
 
Washington Health Care Facilities Authority, Revenue Bonds, Kadlec Regional Medical Center,
12/21 at 100.00
Baa3
882,030
   
Series 2012, 5.000%, 12/01/42
     
1,000
 
Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children’s Hospital,
10/22 at 100.00
AA
986,330
   
Series 2012A, 5.000%, 10/01/42
     
4,000
 
Total Washington
   
3,859,600
   
West Virginia – 1.5% (1.0% of Total Investments)
     
2,000
 
West Virginia Water Development Authority, Infrastructure Revenue Bonds, Series 2003A, 5.500%,
10/13 at 101.00
AA+ (4)
2,037,720
   
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
2,197,128
   
5.250%, 11/01/23 – AMBAC Insured
     
4,150
 
Total West Virginia
   
4,234,848
   
Wisconsin – 1.4% (0.9% of Total Investments)
     
160
 
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Divine Savior Healthcare,
5/16 at 100.00
BBB
155,530
   
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+
1,028,150
   
Series 2004, 5.375%, 5/01/18
     
2,500
 
Wisconsin State, General Obligation Bonds, Series 2006A, 4.750%, 5/01/25 – FGIC Insured (UB) (5)
5/16 at 100.00
AA
2,695,050
3,660
 
Total Wisconsin
   
3,878,730
   
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
A–
1,423,007
   
5.600%, 12/01/35 (Alternative Minimum Tax)
     
$ 510,395
 
Total Investments (cost $430,823,404) – 157.8%
   
438,066,640
   
Floating Rate Obligations – (15.2)%
   
(42,295,000)
   
Variable Rate Demand Preferred Shares, at Liquidation Value – (46.0)% (7)
   
(127,700,000)
   
Other Assets Less Liabilities – 3.4%
   
9,556,950
   
Net Assets Applicable to Common Shares – 100%
   
$ 277,628,590
 
 
 
 
 

 
 
 
Fair Value Measurements
 
Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
 
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
 
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – Prices are determined using 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 risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
 
         
 
Level 1
Level 2
Level 3
Total
Long-Term Investments:
       
   Municipal Bonds
$ —
$438,066,640
$ —
$438,066,640
 
 
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.
 
As of July 31, 2013, the cost of investments was $393,477,056.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of July 31, 2013, were as follows:
 
   
Gross unrealized:
 
   Appreciation
$  23,904,112
   Depreciation
(21,604,477)
Net unrealized appreciation (depreciation) of investments
$   2,299,635
 
 
     
(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 Investors 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. Holdings designated N/R are not rated by any
   
of these national rating agencies.
(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. Certain bonds backed by U.S. Government or
   
agency securities are regarded as having an implied rating equal to the rating of such securities.
(5)
 
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for
   
investments in inverse floating rate transactions.
(6)
 
At or subsequent to the end of the reporting period, this security is non-income producing. Non-income
   
producing, in the case of a fixed-income security, generally denotes that the issuer has (1) defaulted on
   
the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the
   
Fund’s Adviser has concluded that the issue is not likely to meet its future interest payment obligations
   
and has directed the Fund’s custodian to cease accruing additional income on the Fund’s records.
(7)
 
Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Investments is 29.2%.
WI/DD
 
Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.
(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 27, 2013        
 
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 27, 2013        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         September 27, 2013