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Portfolio of Investments
(Unaudited) |
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Nuveen Pennsylvania Municipal
Value Fund (NPN) |
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|
|
|
January 31,
2010 |
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|
Principal |
|
Optional Call |
|
|
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
|
Consumer Staples – 3.5% (3.5%
of Total Investments) |
|
|
|
$ 650 |
District of Columbia Tobacco Settlement Corporation,
Tobacco Settlement Asset-Backed Bonds, |
No Opt. Call |
BBB |
$ 645,294 |
|
Series 2001, 6.500%, 5/15/33 |
|
|
|
|
Education and Civic
Organizations – 10.8% (10.9% of Total Investments) |
|
|
|
345 |
Chester County Health and Education Facilities
Authority, Pennsylvania, College Revenue Bonds, |
4/10 at 100.00 |
BB+ |
345,290 |
|
Immaculata College, Series
1998, 5.250%, 10/15/10 |
|
|
|
675 |
Delaware County Authority, Pennsylvania, Revenue
Bonds, Neumann College, Series 2008, |
10/18 at 100.00 |
BBB |
699,381 |
|
6.000%, 10/01/30 |
|
|
|
500 |
Lehigh County General Purpose Authority College
Revenue Bonds, Pennsylvania, Muhlenberg |
2/19 at 100.00 |
A+ |
507,165 |
|
College Project, Series of
2009, 5.250%, 2/01/39 |
|
|
|
500 |
Montgomery County Higher Education and Health
Authority, Pennsylvania, Revenue Bonds, Arcadia |
4/16 at 100.00 |
N/R |
444,595 |
|
University, Series 2006, 5.000%, 4/01/36 – RAAI
Insured |
|
|
|
2,020 |
Total
Education and Civic Organizations |
|
|
1,996,431 |
|
Health Care – 27.1% (27.4% of
Total Investments) |
|
|
|
750 |
Allegheny County Hospital Development Authority,
Pennsylvania, University of Pittsburgh |
No Opt. Call |
Aa3 |
762,788 |
|
Medical Center Revenue
Bonds, Series 2009A, 5.500%, 8/15/34 |
|
|
|
750 |
Geisinger Authority, Montour County, Pennsylvania,
Health System Revenue Bonds, Geisinger |
6/19 at 100.00 |
AA |
772,268 |
|
Health System, Series
2009A, 5.250%, 6/01/39 |
|
|
|
350 |
Hospital Authority of Delaware County, Indiana,
Hospital Revenue Bonds, Cardinal Health |
8/16 at 100.00 |
Baa3 |
315,469 |
|
System, Series 2006,
5.000%, 8/01/24 |
|
|
|
350 |
Illinois Finance Authority, Revenue Bonds, OSF
Healthcare System, Series 2007A, |
11/17 at 100.00 |
A |
346,136 |
|
5.750%, 11/15/37 |
|
|
|
500 |
Pennsylvania Economic Development Financing
Authority Health System Revenue Bonds Albert |
No Opt. Call |
A3 |
527,490 |
|
Einstein Healthcare Network
Issue, Series 2009A, 6.250%, 10/15/23 |
|
|
|
250 |
Philadelphia Hospitals and Higher Education
Facilities Authority, Pennsylvania, Hospital |
5/10 at 100.00 |
BBB |
250,010 |
|
Revenue Bonds, Temple
University Hospital, Series 1993A, 6.625%, 11/15/23 |
|
|
|
1,200 |
Southcentral Pennsylvania General Authority, Revenue
Bonds, Hanover Hospital Inc., Series |
12/15 at 100.00 |
BBB– |
1,022,194 |
|
2005, 5.000%, 12/01/29 –
RAAI Insured |
|
|
|
750 |
St. Mary Hospital Authority, Pennsylvania, Health
System Revenue Bonds, Catholic Health East, |
5/19 at 100.00 |
A1 |
806,820 |
|
Series 2009D, 6.250%,
11/15/34 |
|
|
|
200 |
Wisconsin Health and Educational Facilities
Authority, Revenue Bonds, ProHealth Care, Inc. |
2/14 at 100.00 |
A+ |
208,862 |
|
Obligated Group, Series 2009, 6.625%, 2/15/32 |
|
|
|
5,100 |
Total
Health Care |
|
|
5,012,037 |
|
Housing/Multifamily – 4.3%
(4.4% of Total Investments) |
|
|
|
800 |
Pittsburgh Urban Redevelopment Authority,
Pennsylvania, Multifamily Housing Revenue Bonds, Eva |
10/19 at 100.00 |
Aaa |
801,760 |
|
P. Mithcell Residence Project, Series 2009, 5.100%,
10/20/44 |
|
|
|
|
Housing/Single Family – 4.4%
(4.4% of Total Investments) |
|
|
|
800 |
Pennsylvania Housing Finance Agency, Single Family
Mortgage Revenue Bonds, Series 2009-105-C, |
4/19 at 100.00 |
AA+ |
808,744 |
|
5.000%, 10/01/39 |
|
|
|
|
Long-Term Care – 4.3% (4.4% of
Total Investments) |
|
|
|
750 |
Montgomery County Industrial Development Authority,
Pennsylvania, Retirement Communities |
11/19 at 100.00 |
BBB+ |
794,415 |
|
Revenue Bonds, ACTS
Retirement – Life Communities, Inc. Obligated Group, Series
2009A-1, |
|
|
|
|
6.250%, 11/15/29 |
|
|
|
|
Tax
Obligation/General – 3.9% (3.9% of Total Investments) |
|
|
|
700 |
Bethel Park School District, Allegheny County,
Pennsylvania, General Obligation Bonds, Series |
8/19 at 100.00 |
A1 |
714,266 |
|
of 2009, 5.100%, 8/01/33 |
|
|
|
|
Tax
Obligation/Limited – 16.5% (16.7% of Total Investments) |
|
|
|
550 |
Guam Government, Limited Obligation Section 30
Revenue Bonds, Series 2009A, 5.750%, 12/01/34 |
12/19 at 100.00 |
BBB– |
557,788 |
1,075 |
Harrisburg Parking Authority, Dauphin County,
Pennsylvania, Guaranteed Parking Revenue Bonds, |
11/16 at 100.00 |
N/R |
924,575 |
|
Series 2007R, 4.250%,
5/15/21 – SYNCORA GTY Insured |
|
|
|
750 |
Philadelphia Municipal Authority, Philadelphia,
Pennsylvania, Lease Revenue Bonds, Series |
No Opt. Call |
Baa1 |
791,775 |
|
2009, 6.500%,
4/01/34 |
|
|
|
750 |
Puerto Rico Sales Tax Financing Corporation, Sales
Tax Revenue Bonds, First Subordinate Series |
8/19 at 100.00 |
A+ |
774,668 |
|
2009A, 6.000%, 8/01/42 |
|
|
|
3,125 |
Total Tax
Obligation/Limited |
|
|
3,048,806 |
|
Transportation – 5.1% (5.2% of
Total Investments) |
|
|
|
750 |
Pittsburgh and Allegheny County Sports and
Exhibition Authority, Pennsylvania, Parking Revenue |
6/10 at 100.00 |
N/R |
750,000 |
|
Bonds, Series 2001A,
5.300%, 12/01/21 – AMBAC Insured |
|
|
|
30 |
Susquehanna Area Regional Airport Authority,
Pennsylvania, Airport System Revenue Bonds, |
1/13 at 100.00 |
Baa3 |
26,702 |
|
Series 2003A, 5.000%,
1/01/28 – AMBAC Insured (Alternative Minimum Tax) |
|
|
|
200 |
Susquehanna Area Regional Airport Authority,
Pennsylvania, Airport System Revenue Bonds, |
1/13 at 100.00 |
Baa3 |
168,464 |
|
Series 2003B, 5.000%, 1/01/33 – AMBAC Insured |
|
|
|
980 |
Total
Transportation |
|
|
945,166 |
|
Utilities – 3.5% (3.6% of Total
Investments) |
|
|
|
655 |
Delaware County Industrial Development Authority,
Pennsylvania, Resource Recovery Revenue |
7/10 at 100.00 |
BB+ |
655,203 |
|
Refunding Bonds, Series 1997A, 6.100%, 7/01/13 |
|
|
|
|
Water and Sewer – 15.4% (15.6%
of Total Investments) |
|
|
|
750 |
Chester County Industrial Development Authority,
Pennsylvania, Water Facilities Revenue Bonds, |
2/17 at 100.00 |
AA– |
710,993 |
|
Aqua Pennsylvania Inc.
Project, Series 2007A, 5.000%, 2/01/40 – FGIC Insured |
|
|
|
750 |
New York City Municipal Water Finance Authority, New
York, Water and Sewerage System Revenue |
6/19 at 100.00 |
AA+ |
851,985 |
|
Bonds, Tender Option Bond
Trust 3484, 17.764%, 6/15/39 (IF) |
|
|
|
|
Philadelphia, Pennsylvania, Water and Wastewater
Revenue Bonds, Series 2009A: |
|
|
|
750 |
5.250%, 1/01/32 |
1/19 at 100.00 |
A |
776,430 |
500 |
5.250%, 1/01/36 |
1/19 at
100.00 |
A |
510,330 |
2,750 |
Total Water
and Sewer |
|
|
2,849,738 |
$ 18,330 |
Total
Investments (cost $17,087,088) – 98.8% |
|
|
18,271,860 |
|
Other
Assets Less Liabilities – 1.2% |
|
|
224,366 |
|
Net Assets
Applicable to Common Shares – 100% |
|
|
$
18,496,226 |