Portfolio of Investments (Unaudited)
|
|||||
Nuveen California Premium Income Municipal Fund (NCU)
|
|||||
November 30, 2010
|
|||||
Principal
|
Optional Call
|
||||
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Consumer Staples – 6.8% (4.5% of Total Investments)
|
|||||
$ 1,500
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds,
|
6/12 at 100.00
|
Baa3
|
$ 1,464,975
|
|
Alameda County Tobacco Asset Securitization Corporation, Series 2002, 5.750%, 6/01/29
|
|||||
215
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma
|
6/15 at 100.00
|
BBB
|
199,718
|
|
County Tobacco Securitization Corporation, Series 2005, 4.250%, 6/01/21
|
|||||
2,920
|
California Statewide Financing Authority, Tobacco Settlement Asset-Backed Bonds, Pooled
|
5/12 at 100.00
|
Baa3
|
2,801,915
|
|
Tobacco Securitization Program, Series 2002A, 5.625%, 5/01/29
|
|||||
1,350
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
6/22 at 100.00
|
Baa3
|
816,075
|
|
Bonds, Series 2007A-2, 0.000%, 6/01/37
|
|||||
5,985
|
Total Consumer Staples
|
5,282,683
|
|||
Education and Civic Organizations – 6.3% (4.2% of Total Investments)
|
|||||
70
|
California Educational Facilities Authority, Revenue Bonds, University of Redlands, Series
|
10/15 at 100.00
|
A3
|
64,353
|
|
2005A, 5.000%, 10/01/35
|
|||||
California Educational Facilities Authority, Revenue Bonds, University of the Pacific,
|
|||||
Series 2006:
|
|||||
45
|
5.000%, 11/01/21
|
11/15 at 100.00
|
A2
|
47,242
|
|
60
|
5.000%, 11/01/25
|
11/15 at 100.00
|
A2
|
61,708
|
|
1,112
|
California State Public Works Board, Lease Revenue Bonds, University of California Regents,
|
3/18 at 100.00
|
Aa2
|
1,070,834
|
|
Tender Option Bond Trust 1065, 9.176%, 3/01/33 (IF)
|
|||||
2,000
|
California State University, Systemwide Revenue Bonds, Series 2005C, 5.000%, 11/01/27 –
|
11/15 at 100.00
|
Aa2
|
2,052,500
|
|
NPFG Insured
|
|||||
University of California, General Revenue Bonds, Series 2003A:
|
|||||
255
|
5.125%, 5/15/17 – AMBAC Insured (UB)
|
5/13 at 100.00
|
Aa1
|
280,668
|
|
1,245
|
5.125%, 5/15/17 – AMBAC Insured (UB)
|
5/13 at 100.00
|
Aa1
|
1,353,514
|
|
4,787
|
Total Education and Civic Organizations
|
4,930,819
|
|||
Energy – 0.6% (0.4% of Total Investments)
|
|||||
500
|
Virgin Islands Public Finance Authority, Revenue Bonds, Refinery Project Hovensa LLC, Series
|
1/15 at 100.00
|
Baa3
|
449,115
|
|
2007, 4.700%, 7/01/22 (Alternative Minimum Tax)
|
|||||
Health Care – 28.3% (18.8% of Total Investments)
|
|||||
3,435
|
California Health Facilities Financing Authority, Hospital Revenue Bonds, Downey Community
|
5/11 at 100.00
|
N/R
|
2,279,947
|
|
Hospital, Series 1993, 5.750%, 5/15/15 (5)
|
|||||
155
|
California Health Facilities Financing Authority, Revenue Bonds, Kaiser Permanante System,
|
4/16 at 100.00
|
A+
|
147,163
|
|
Series 2006, 5.000%, 4/01/37
|
|||||
3,525
|
California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, Series 2007A,
|
11/16 at 100.00
|
AA–
|
3,402,436
|
|
5.250%, 11/15/46 (UB)
|
|||||
1,500
|
California Infrastructure Economic Development Bank, Revenue Bonds, Kaiser Hospital Assistance
|
8/11 at 102.00
|
A+
|
1,520,640
|
|
LLC, Series 2001A, 5.550%, 8/01/31
|
|||||
685
|
California Municipal Financing Authority, Certificates of Participation, Community Hospitals
|
2/17 at 100.00
|
Baa2
|
582,723
|
|
of Central California, Series 2007, 5.250%, 2/01/46
|
|||||
1,000
|
California Statewide Community Development Authority, Insured Health Facility Revenue Bonds,
|
10/17 at 100.00
|
A–
|
897,980
|
|
Henry Mayo Newhall Memorial Hospital, Series 2007A, 5.000%, 10/01/37
|
|||||
1,740
|
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity
|
7/15 at 100.00
|
BBB
|
1,563,007
|
|
Health System, Series 2005A, 5.250%, 7/01/30
|
|||||
490
|
California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanante System,
|
3/16 at 100.00
|
A+
|
460,213
|
|
Series 2006, 5.000%, 3/01/41
|
|||||
730
|
California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,
|
8/16 at 100.00
|
A+
|
732,781
|
|
Series 2001C, 5.250%, 8/01/31
|
|||||
3,000
|
California Statewide Community Development Authority, Revenue Bonds, Methodist Hospital
|
8/19 at 100.00
|
Aa2
|
3,354,210
|
|
Project, Series 2009, 6.750%, 2/01/38
|
|||||
2,100
|
California Statewide Community Development Authority, Revenue Bonds, Sherman Oaks Health
|
No Opt. Call
|
A1
|
2,125,431
|
|
System, Series 1998A, 5.000%, 8/01/22 – AMBAC Insured
|
|||||
1,690
|
California Statewide Community Development Authority, Revenue Bonds, Sutter Health, Series
|
11/15 at 100.00
|
Aa3
|
1,569,266
|
|
2005A, 5.000%, 11/15/43
|
|||||
377
|
California Statewide Communities Development Authority, Revenue Bonds, Saint Joseph Health
|
7/18 at 100.00
|
AA+
|
379,045
|
|
System, Trust 2554, 18.054%, 7/01/47 – AGM Insured (IF)
|
|||||
760
|
Loma Linda, California, Hospital Revenue Bonds, Loma Linda University Medical Center, Series
|
12/17 at 100.00
|
BBB
|
845,599
|
|
2008A, 8.250%, 12/01/38
|
|||||
1,450
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010,
|
11/20 at 100.00
|
Baa3
|
1,385,330
|
|
6.000%, 11/01/41
|
|||||
1,000
|
The Regents of the University of California, Medical Center Pooled Revenue Bonds, Series
|
5/17 at 101.00
|
Aa2
|
968,780
|
|
2009E, 5.000%, 5/15/38
|
|||||
23,637
|
Total Health Care
|
22,214,551
|
|||
Housing/Multifamily – 0.6% (0.4% of Total Investments)
|
|||||
500
|
California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects
|
8/20 at 100.00
|
BBB–
|
484,265
|
|
Series 2010A, 6.400%, 8/15/45
|
|||||
Housing/Single Family – 3.2% (2.1% of Total Investments)
|
|||||
2,500
|
California Housing Finance Agency, California, Home Mortgage Revenue Bonds, Series 2008L,
|
2/18 at 100.00
|
A
|
2,407,050
|
|
5.500%, 8/01/38
|
|||||
130
|
California Housing Finance Agency, Home Mortgage Revenue Bonds, Series 2006H, 5.750%,
|
2/16 at 100.00
|
A
|
132,282
|
|
8/01/30 – FGIC Insured (Alternative Minimum Tax)
|
|||||
2,630
|
Total Housing/Single Family
|
2,539,332
|
|||
Industrials – 0.6% (0.4% of Total Investments)
|
|||||
500
|
California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Waste
|
1/16 at 102.00
|
BBB
|
497,875
|
|
Management Inc., Series 2002A, 5.000%, 1/01/22 (Alternative Minimum Tax)
|
|||||
Tax Obligation/General – 28.0% (18.6% of Total Investments)
|
|||||
1,500
|
California, General Obligation Bonds, Series 2003, 5.000%, 2/01/31 – NPFG Insured
|
2/13 at 100.00
|
A1
|
1,459,950
|
|
California, General Obligation Bonds, Various Purpose Series 2009:
|
|||||
2,350
|
6.000%, 11/01/39
|
11/19 at 100.00
|
A1
|
2,466,443
|
|
1,300
|
5.500%, 11/01/39
|
11/19 at 100.00
|
A1
|
1,305,850
|
|
4,000
|
California, General Obligation Veterans Welfare Bonds, Series 1999BR, 5.300%, 12/01/29
|
12/10 at 100.00
|
AA
|
3,881,200
|
|
(Alternative Minimum Tax)
|
|||||
6,000
|
Hartnell Community College District, California, General Obligation Bonds, Series 2006B,
|
6/16 at 100.00
|
AA+
|
6,084,960
|
|
5.000%, 6/01/29 – AGM Insured (UB)
|
|||||
3,000
|
Pomona Unified School District, Los Angeles County, California, General Obligation Refunding
|
8/11 at 103.00
|
A
|
3,184,740
|
|
Bonds, Series 1997A, 6.150%, 8/01/15 – NPFG Insured
|
|||||
15
|
Riverside Community College District, California, General Obligation Bonds, Series 2004A,
|
8/14 at 100.00
|
AA
|
16,399
|
|
5.250%, 8/01/22 – NPFG Insured
|
|||||
135
|
Roseville Joint Union High School District, Placer County, California, General Obligation
|
8/15 at 100.00
|
AA–
|
137,835
|
|
Bonds, Series 2006B, 5.000%, 8/01/27 – FGIC Insured
|
|||||
1,355
|
San Jose-Evergreen Community College District, Santa Clara County, California, General
|
9/15 at 100.00
|
Aa1
|
1,398,523
|
|
Obligation Bonds, Series 2005A, 5.000%, 9/01/25 – NPFG Insured
|
|||||
8,345
|
Yosemite Community College District, California, General Obligation Bonds, Capital
|
No Opt. Call
|
Aa2
|
2,032,842
|
|
Appreciation, Election 2004, Series 2010D, 0.000%, 8/01/42
|
|||||
28,000
|
Total Tax Obligation/General
|
21,968,742
|
|||
Tax Obligation/Limited – 45.1% (29.9% of Total Investments)
|
|||||
1,000
|
Bell Community Redevelopment Agency, California, Tax Allocation Bonds, Bell Project Area,
|
10/13 at 100.00
|
N/R
|
836,830
|
|
Series 2003, 5.625%, 10/01/33 – RAAI Insured
|
|||||
California Infrastructure Economic Development Bank, Revenue Bonds, North County Center for
|
|||||
Self-Sufficiency Corporation, Series 2004:
|
|||||
1,695
|
5.000%, 12/01/22 – AMBAC Insured
|
12/13 at 100.00
|
AA
|
1,741,494
|
|
1,865
|
5.000%, 12/01/24 – AMBAC Insured
|
12/13 at 100.00
|
AA
|
1,899,670
|
|
5,920
|
California State Public Works Board, Lease Revenue Bonds, Department of Veterans Affairs,
|
5/11 at 100.50
|
A2
|
5,964,163
|
|
Southern California Veterans Home – Chula Vista Facility, Series 1999A, 5.600%, 11/01/19 –
|
|||||
AMBAC Insured
|
|||||
1,000
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series
|
10/19 at 100.00
|
A2
|
1,011,990
|
|
2009G-1, 5.750%, 10/01/30
|
|||||
2,000
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series
|
11/19 at 100.00
|
A2
|
2,111,860
|
|
2009I-1, 6.375%, 11/01/34
|
|||||
535
|
California, Economic Recovery Revenue Bonds, Series 2004A, 5.000%, 7/01/15
|
7/14 at 100.00
|
Aa3
|
593,695
|
|
165
|
Capistrano Unified School District, Orange County, California, Special Tax Bonds, Community
|
9/15 at 100.00
|
A
|
159,492
|
|
Facilities District, Series 2005, 5.000%, 9/01/24 – FGIC Insured
|
|||||
500
|
Chino Redevelopment Agency, California, Merged Chino Redevelopment Project Area Tax Allocation
|
9/16 at 101.00
|
A–
|
431,270
|
|
Bonds, Series 2006, 5.000%, 9/01/38 – AMBAC Insured
|
|||||
Irvine, California, Unified School District, Community Facilities District Special Tax Bonds,
|
|||||
Series 2006A:
|
|||||
75
|
5.000%, 9/01/26
|
9/16 at 100.00
|
N/R
|
68,130
|
|
175
|
5.125%, 9/01/36
|
9/16 at 100.00
|
N/R
|
153,580
|
|
3,500
|
Livermore Redevelopment Agency, California, Tax Allocation Revenue Bonds, Livermore
|
8/11 at 100.00
|
A
|
3,326,330
|
|
Redevelopment Project Area, Series 2001A, 5.000%, 8/01/26 – NPFG Insured
|
|||||
310
|
Los Angeles Community Redevelopment Agency, California, Lease Revenue Bonds, Manchester Social
|
9/15 at 100.00
|
A1
|
268,376
|
|
Services Project, Series 2005, 5.000%, 9/01/37 – AMBAC Insured
|
|||||
2,000
|
Los Angeles, California, Municipal Improvement Corporation, Lease Revenue Bonds, Police
|
1/17 at 100.00
|
A+
|
1,822,300
|
|
Headquarters, Series 2006A, 4.750%, 1/01/31 – FGIC Insured
|
|||||
3,230
|
Murrieta Redevelopment Agency, California, Tax Allocation Bonds, Series 2005, 5.000%,
|
8/15 at 100.00
|
A
|
2,759,454
|
|
8/01/35 – NPFG Insured
|
|||||
155
|
Rialto Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series
|
9/15 at 100.00
|
A–
|
135,042
|
|
2005A, 5.000%, 9/01/35 – SYNCORA GTY Insured
|
|||||
190
|
Roseville, California, Certificates of Participation, Public Facilities, Series 2003A,
|
8/13 at 100.00
|
AA–
|
188,526
|
|
5.000%, 8/01/25 – AMBAC Insured
|
|||||
1,500
|
Sacramento City Financing Authority, California, Lease Revenue Refunding Bonds, Series 1993A,
|
No Opt. Call
|
A1
|
1,609,860
|
|
5.400%, 11/01/20 – NPFG Insured
|
|||||
3,000
|
Sacramento City Financing Authority, California, Lease Revenue Refunding Bonds, Series 1993B,
|
No Opt. Call
|
A1
|
3,219,720
|
|
5.400%, 11/01/20
|
|||||
2,000
|
San Francisco City and County, California, Certificates of Participation, Multiple Capital
|
4/19 at 100.00
|
AA–
|
2,111,960
|
|
Improvement Projects, Series 2009A, 5.200%, 4/01/26
|
|||||
San Marcos Public Facilities Authority, California, Revenue Refunding Bonds, Series 1998:
|
|||||
1,500
|
5.800%, 9/01/18
|
3/11 at 100.00
|
Baa3
|
1,505,700
|
|
1,000
|
5.800%, 9/01/27
|
3/11 at 100.00
|
Baa3
|
976,880
|
|
325
|
San Mateo Union High School District, San Mateo County, California, Certificates of
|
12/17 at 100.00
|
AA–
|
302,608
|
|
Participation, Phase 1, Series 2007A, 5.000%, 12/15/30 – AMBAC Insured
|
|||||
2,050
|
Santa Barbara County, California, Certificates of Participation, Series 2001, 5.250%,
|
12/11 at 102.00
|
AA+
|
2,162,279
|
|
12/01/19 – AMBAC Insured
|
|||||
35,690
|
Total Tax Obligation/Limited
|
35,361,209
|
|||
Transportation – 3.5% (2.3% of Total Investments)
|
|||||
780
|
Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series
|
4/16 at 100.00
|
AA
|
788,861
|
|
2006F, 5.000%, 4/01/31 (UB)
|
|||||
220
|
Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series
|
4/18 at 100.00
|
AA
|
239,312
|
|
2008, Trust 3211, 13.319%, 10/01/32 (IF)
|
|||||
2,000
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series
|
1/11 at 100.00
|
BBB–
|
1,690,740
|
|
1995A, 5.000%, 1/01/35
|
|||||
3,000
|
Total Transportation
|
2,718,913
|
|||
U.S. Guaranteed – 12.8% (8.5% of Total Investments) (4)
|
|||||
2,000
|
California Department of Water Resources, Power Supply Revenue Bonds, Series 2002A, 5.125%,
|
5/12 at 101.00
|
Aaa
|
2,151,480
|
|
5/01/18 (Pre-refunded 5/01/12)
|
|||||
3,000
|
California Infrastructure Economic Development Bank, First Lien Revenue Bonds, San Francisco
|
No Opt. Call
|
AAA
|
3,546,390
|
|
Bay Area Toll Bridge, Series 2003A, 5.000%, 7/01/22 – AGM Insured (ETM)
|
|||||
370
|
California, Economic Recovery Revenue Bonds, Series 2004A, 5.000%, 7/01/15 (Pre-refunded 7/01/14)
|
7/14 at 100.00
|
AAA
|
422,496
|
|
3,495
|
Orange County Sanitation District, California, Certificates of Participation, Series 2003,
|
8/13 at 100.00
|
AAA
|
3,917,965
|
|
5.250%, 2/01/21 (Pre-refunded 8/01/13) – FGIC Insured
|
|||||
8,865
|
Total U.S. Guaranteed
|
10,038,331
|
|||
Utilities – 8.0% (5.3% of Total Investments)
|
|||||
890
|
Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds, Series
|
No Opt. Call
|
A
|
876,454
|
|
2007A, 5.500%, 11/15/37
|
|||||
275
|
Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series
|
7/13 at 100.00
|
AA–
|
294,580
|
|
2003A-2, 5.000%, 7/01/21 – NPFG Insured
|
|||||
295
|
Merced Irrigation District, California, Electric System Revenue Bonds, Series 2005, 5.125%,
|
9/15 at 100.00
|
N/R
|
255,137
|
|
9/01/31 – SYNCORA GTY Insured
|
|||||
4,580
|
Sacramento Municipal Utility District, California, Electric Revenue Refunding Bonds, Series
|
8/12 at 100.00
|
AA+
|
4,841,564
|
|
2002Q, 5.250%, 8/15/20 – AGM Insured
|
|||||
6,040
|
Total Utilities
|
6,267,735
|
|||
Water and Sewer – 7.0% (4.6% of Total Investments)
|
|||||
1,125
|
Burbank, California, Wastewater System Revenue Bonds, Series 2004A, 5.000%, 6/01/23 –
|
6/14 at 100.00
|
AA+
|
1,158,570
|
|
AMBAC Insured
|
|||||
205
|
Healdsburg Public Financing Authority, California, Wastewater Revenue Bonds, Series 2006,
|
4/16 at 100.00
|
AA–
|
200,945
|
|
5.000%, 4/01/36 – NPFG Insured
|
|||||
670
|
Metropolitan Water District of Southern California, Waterworks Revenue Bonds, Tender Option
|
7/19 at 100.00
|
AAA
|
751,927
|
|
Bond Trust 09-8B, 16.875%, 7/01/35 (IF)
|
|||||
1,500
|
Orange County Water District, California, Revenue Certificates of Participation, Tender Option
|
8/20 at 100.00
|
AAA
|
1,648,019
|
|
Bond Trust 11782-1, 17.216%, 2/15/35 (IF)
|
|||||
1,795
|
Woodbridge Irrigation District, California, Certificates of Participation, Water Systems
|
7/13 at 100.00
|
A+
|
1,742,962
|
|
Project, Series 2003, 5.500%, 7/01/33
|
|||||
5,295
|
Total Water and Sewer
|
5,502,423
|
|||
$ 125,429
|
Total Investments (cost $118,191,505) – 150.8%
|
118,255,993
|
|||
Floating Rate Obligations – (8.5)%
|
(6,650,000)
|
||||
MuniFund Term Preferred Shares, at Liquidation Value – (45.0)% (6)
|
(35,250,000)
|
||||
Other Assets Less Liabilities – 2.7%
|
2,063,575
|
||||
Net Assets Applicable to Common Shares – 100%
|
$ 78,419,568
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Investments:
|
||||
Municipal Bonds
|
$ —
|
$115,976,046
|
$2,279,947
|
$118,255,993
|
Level 3
|
|
Municipal Bonds
|
|
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
|
2,279,947
|
Balance at the end of period
|
$2,279,947
|
Gross unrealized:
|
|
Appreciation
|
$ 4,061,168
|
Depreciation
|
(3,896,434)
|
Net unrealized appreciation (depreciation) of investments
|
$ 164,734
|
(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. 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.
|
||
(5)
|
For fair value measurement disclosure purposes, investment categorized as Level 3.
|
|
(6)
|
MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 29.8%
|
|
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.
|
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.
|