NPG Nuveen Georgia Premium Income Municipal Fund Common Shares of Beneficial Interest

		Portfolio of Investments (Unaudited)
		Nuveen Georgia Premium Income Municipal Fund (NPG)
		August 31, 2011
Principal			Optional Call
Amount (000)		Description (1)	Provisions (2)	Ratings (3)	Value
		Consumer Staples – 3.0% (2.0% of Total Investments)
$   25,000		Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Bonds, Series 2005A,	5/15 at 11.191	BBB–	$    813,000
		0.000%, 5/15/50
1,000		Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,	5/12 at 100.00	BBB	836,530
		Series 2002, 5.500%, 5/15/39
26,000		Total Consumer Staples			1,649,530
		Education and Civic Organizations – 22.1% (14.6% of Total Investments)
750		Athens Housing Authority, Georgia, Student Housing Lease Revenue Bonds, UGAREF East Campus	6/19 at 100.00	Aa2	779,565
		Housing LLC Project, Series 2009, 5.250%, 6/15/35
1,000		Athens-Clarke County Unified Government Development Authority, Georgia, Educational Facilities	12/12 at 100.00	N/R	1,034,670
		Revenue Bonds, UGAREF CCRC Building LLC Project, Series 2002, 5.000%, 12/15/16 – AMBAC Insured
1,800		Atlanta Development Authority, Georgia, Educational Facilities Revenue Bonds, Science Park LLC	7/17 at 100.00	Aa3	1,812,546
		Project, Series 2007, 5.000%, 7/01/39
1,550		Bulloch County Development Authority, Georgia, Student Housing and Athletic Facility Lease	8/14 at 100.00	A1	1,625,904
		Revenue Bonds, Georgia Southern University, Series 2004, 5.250%, 8/01/21 – SYNCORA GTY Insured
700		Carrollton Payroll Development Authority, Georgia, Student Housing Revenue Bonds, University	9/14 at 100.00	A1	734,377
		of West Georgia, Series 2004A, 5.000%, 9/01/21 – SYNCORA GTY Insured
1,535		Fulton County Development Authority, Georgia, Revenue Bonds, Georgia Tech Molecular Science	5/14 at 100.00	Aa3	1,709,760
		Building, Series 2004, 5.250%, 5/01/15 – NPFG Insured
150		Georgia Higher Education Facilities Authority, Revenue Bonds, USG Real Estate Foundation I LLC	6/18 at 100.00	A2	161,300
		Project, Series 2008, 6.000%, 6/15/28
		Private Colleges and Universities Authority, Georgia, Revenue Bonds, Emory University, Series
		2009, Trust 3404:
270		16.997%, 3/01/17 (IF)	No Opt. Call	AA	341,420
430		17.025%, 3/01/17 (IF)	No Opt. Call	AA	530,465
1,180		Savannah Economic Development Authority, Georgia, Revenue Bonds, Armstrong Atlantic State	7/15 at 100.00	A2	1,217,465
		University, Compass Point LLC Project, Series 2005, 5.000%, 7/01/25 – SYNCORA GTY Insured
1,490		Savannah Economic Development Authority, Georgia, Revenue Bonds, Armstrong Center LLC, Series	12/15 at 100.00	A3	1,514,108
		2005A, 5.000%, 12/01/34 – SYNCORA GTY Insured
500		Savannah Economic Development Authority, Georgia, Revenue Bonds, GTREP Project, Series 2002,	7/12 at 100.00	Aa3	507,405
		5.000%, 7/01/22 – NPFG Insured
11,355		Total Education and Civic Organizations			11,968,985
		Health Care – 13.5% (9.0% of Total Investments)
140		Baldwin County Hospital Authority, Georgia, Revenue Bonds, Oconee Regional Medical Center,	11/11 at 100.00	BB	122,711
		Series 1998, 5.250%, 12/01/22
		Coffee County Hospital Authority, Georgia, Revenue Bonds, Coffee County Regional Medical
		Center, Series 2004:
100		5.000%, 12/01/19	12/14 at 100.00	BBB–	102,379
900		5.250%, 12/01/22	12/14 at 100.00	BBB–	914,283
185		5.000%, 12/01/26	12/14 at 100.00	BBB–	176,806
100		Coweta County Development Authority, Georgia, Revenue Bonds, Piedmont Healthcare, Inc.	6/20 at 100.00	AA–	99,088
		Project, Series 2010, 5.000%, 6/15/40
1,000		Franklin County Industrial Building Authority, Georgia, Revenue Bonds, Ty Cobb Regional	12/20 at 100.00	N/R	1,011,500
		Medical Center Project, Series 2010, 8.000%, 12/01/40
		Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates,
		Northeast Georgia Health Services Inc., Series 2010B:
300		5.125%, 2/15/40	No Opt. Call	A+	297,549
1,700		5.250%, 2/15/45	2/41 at 100.00	A+	1,703,400
900		Houston County Hospital Authority, Georgia, Revenue Bonds, Houston Healthcare Project, Series	10/17 at 100.00	A2	902,277
		2007, 5.250%, 10/01/35
225		Macon-Bibb County Hospital Authority, Georgia, Revenue Anticipation Certificates, Medical	8/19 at 100.00	AA	223,747
		Center of Central Georgia Inc., Series 2009, 5.000%, 8/01/35
1,000		Savannah Hospital Authority, Georgia, Revenue Bonds, St. Joseph’s/Candler Health System,	1/14 at 100.00	Baa1	1,004,500
		Series 2003, 5.250%, 7/01/23 – RAAI Insured
800		Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia	10/17 at 100.00	A+	789,440
		Medical Center, Series 2007, 5.000%, 10/01/33
7,350		Total Health Care			7,347,680
		Housing/Multifamily – 1.9% (1.2% of Total Investments)
100		Cobb County Development Authority, Georgia, Revenue Bonds, KSU University II Real Estate	7/21 at 100.00	AA+	102,065
		Foundation, LLC Project, Series 2011, 5.000%, 7/15/41 – AGM Insured
1,000		Cobb County Development Authority, Georgia, Student Housing Revenue Bonds, KSU Village II Real	7/17 at 100.00	Baa2	911,600
		Estate Foundation LLC Project, Series 2007A, 5.250%, 7/15/38 – AMBAC Insured
1,100		Total Housing/Multifamily			1,013,665
		Housing/Single Family – 1.6% (1.2% of Total Investments)
900		Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2002B-2, 5.350%,	12/11 at 100.00	AAA	902,088
		12/01/22 (Alternative Minimum Tax)
		Industrials – 3.2% (2.1% of Total Investments)
1,000		Cartersville Development Authority, Georgia, Sewage and Solid Waste Disposal Facilities	9/12 at 100.00	A–	1,003,760
		Refunding and Revenue Bonds, Anheuser Busch Project, Senior Lien Series 2007, 5.500%,
		3/01/44 (Alternative Minimum Tax)
750		Fulton County Development Authority, Georgia, Local District Cooling Authority Revenue Bonds,	9/15 at 100.00	BBB	747,675
		Maxon Atlantic Station LLC, Series 2005A, 5.125%, 3/01/26 (Mandatory put 3/01/15) (Alternative
		Minimum Tax)
1,750		Total Industrials			1,751,435
		Materials – 1.8% (1.2% of Total Investments)
1,000		Richmond County Development Authority, Georgia, Environmental Improvement Revenue Bonds,	2/12 at 100.50	BBB	1,010,820
		International Paper Company, Series 2001A, 6.250%, 2/01/25 (Alternative Minimum Tax)
		Tax Obligation/General – 35.7% (23.7% of Total Investments)
540		Cherokee County Resource Recovery Development Authority, Georgia, Solid Waste Disposal Revenue	7/17 at 100.00	AA+	541,183
		Bonds, Ball Ground Recycling LLC Project, Series 2007A, 5.000%, 7/01/37 – AMBAC Insured
		(Alternative Minimum Tax)
500		Clark County Hospital Authority, Georgia, Hospital Revenue Bonds, Athens Regional Medical	1/17 at 100.00	Aa1	520,120
		Center, Series 2007, 5.000%, 1/01/27 – NPFG Insured
2,100		Clarke County Hospital Authority, Georgia, Hospital Revenue Certificates, Athens Regional	1/12 at 101.00	Aa1	2,112,348
		Medical Center, Series 2002, 5.125%, 1/01/32 – NPFG Insured
2,215		Decatur, Georgia, General Obligation Bonds, Series 2007, 5.000%, 1/01/31 – AGM Insured	1/17 at 100.00	AA+	2,366,927
3,000		Floyd County Hospital Authority, Georgia, Revenue Anticipation Certificates, Floyd Medical	7/12 at 101.00	Aa2	3,041,760
		Center Project, Series 2002, 5.200%, 7/01/32 – NPFG Insured
1,090		Floyd County Hospital Authority, Georgia, Revenue Anticipation Certificates, Floyd Medical	7/13 at 101.00	Aa2	1,141,677
		Center, Series 2003, 5.000%, 7/01/19 – NPFG Insured
1,000		Georgia Environmental Loan Acquisition Corporation, Local Government Loan Securitization	3/21 at 100.00	Aaa	1,057,600
		Bonds, Loan Pool Series 2011, 5.125%, 3/15/31
905		Georgia Municipal Association Inc., Certificates of Participation, Riverdale Public Purpose	5/19 at 100.00	AA+	956,712
		Project, Series 2009, 5.375%, 5/01/32 – AGC Insured
1,000		Georgia State, General Obligation Bonds, Series 2005B, 5.000%, 7/01/15	No Opt. Call	AAA	1,169,180
100		Georgia State, General Obligation Bonds, Series 2007E, 5.000%, 8/01/24	8/17 at 100.00	AAA	111,975
210		Georgia State, General Obligation Bonds, Series 2009B, 5.000%, 1/01/26	1/19 at 100.00	AAA	240,803
1,800		Gwinnett County School District, Georgia, General Obligation Bonds, Series 2008, 5.000%,	2/18 at 100.00	AAA	1,898,316
		2/01/36 (UB)
1,060		Henry County Hospital Authority, Georgia, Revenue Certificates, Henry Medical Center, Series	7/14 at 101.00	Aa1	1,123,600
		2004, 5.000%, 7/01/20 – NPFG Insured
2,500		Paulding County School District, Georgia, General Obligation Bonds, Series 2007, 5.000%, 2/01/33	2/17 at 100.00	AA+	2,591,375
500		Wayne County Hospital Authority, Georgia, Hospital Revenue Bonds, Series 2006, 5.000%, 3/01/23 –	3/16 at 100.00	N/R	486,785
		SYNCORA GTY Insured
18,520		Total Tax Obligation/General			19,360,361
		Tax Obligation/Limited – 21.7% (14.4% of Total Investments)
		Atlanta, Georgia, Tax Allocation Bonds Atlanta Station Project, Series 2007:
70		5.250%, 12/01/19 – AGC Insured	No Opt. Call	AA+	76,815
420		5.000%, 12/01/23 – AGC Insured	12/17 at 100.00	AA+	435,586
750		Atlanta, Georgia, Tax Allocation Bonds, Eastside Project, Series 2005A, 5.625%, 1/01/16	No Opt. Call	A–	788,790
		(Alternative Minimum Tax)
		Atlanta, Georgia, Tax Allocation Bonds, Eastside Project, Series 2005B:
50		5.400%, 1/01/20	7/15 at 100.00	A–	51,353
150		5.600%, 1/01/30	7/15 at 100.00	A–	148,968
2,000		Cobb-Marietta Coliseum and Exhibit Hall Authority, Cobb County, Georgia, Revenue Bonds,	1/14 at 100.00	AAA	2,158,200
		Performing Arts Center, Series 2004, 5.000%, 1/01/22
25		Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Refunding Series	No Opt. Call	A+	30,442
		2005, 5.500%, 10/01/26 – NPFG Insured
3,890		Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Refunding Bonds, Series	10/19 at 100.00	Baa1	4,158,838
		1993, 5.625%, 10/01/26 – NPFG Insured
2,600		Macon-Bibb County Urban Development Authority, Georgia, Revenue Refunding Bonds, Public	8/12 at 101.00	AA	2,738,840
		Facilities Projects, Series 2002A, 5.375%, 8/01/17
1,000		Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax Revenue Refunding Bonds,	No Opt. Call	Aa2	1,196,510
		Series 1992P, 6.250%, 7/01/20 – AMBAC Insured
10,955		Total Tax Obligation/Limited			11,784,342
		Transportation – 4.4% (2.9% of Total Investments)
2,290		Atlanta, Georgia, Airport General Revenue Bonds, Series 2004G, 5.000%, 1/01/26 – AGM Insured	1/15 at 100.00	AA+	2,366,830
		U.S. Guaranteed – 6.3% (4.2% of Total Investments) (4)
735		Coweta County Development Authority, Georgia, Revenue Bonds, Newnan Water and Sewer, and Light	1/13 at 100.00	N/R (4)	783,936
		Commission Project, Series 2002, 5.250%, 1/01/18 (Pre-refunded 1/01/13) – FGIC Insured
25		Georgia Municipal Electric Authority, Senior Lien General Power Revenue Bonds, Series 1993Z,	1/17 at 100.00	A+ (4)	28,178
		5.500%, 1/01/20 (Pre-refunded 1/01/17) – FGIC Insured
500		Georgia, General Obligation Bonds, Series 2002D, 5.000%, 8/01/16 (Pre-refunded 8/01/12)	8/12 at 100.00	Aaa	522,120
2,000		Gwinnett County Hospital Authority, Georgia, Revenue Anticipation Certificates, Gwinnett	2/12 at 102.00	Aaa	2,083,400
		Hospital System Inc. Project, Series 1997B, 5.300%, 9/01/27 (Pre-refunded 2/14/12) –
		NPFG Insured
3,260		Total U.S. Guaranteed			3,417,634
		Utilities – 12.2% (8.1% of Total Investments)
1,000		Georgia Municipal Electric Authority, General Power Revenue Bonds, Project 1, Series 2007A,	1/17 at 100.00	A	1,057,140
		5.000%, 1/01/25 – NPFG Insured
975		Georgia Municipal Electric Authority, Senior Lien General Power Revenue Bonds, Series 1993Z,	No Opt. Call	A+	1,089,728
		5.500%, 1/01/20 – FGIC Insured
		Main Street Natural Gas Inc., Georgia, Gas Project Revenue Bonds, Series 2007B:
500		5.000%, 3/15/21	No Opt. Call	A	480,775
750		5.000%, 3/15/22	No Opt. Call	A	709,943
1,000		Municipal Electric Authority of Georgia, Combustion Turbine Revenue Bonds, Series 2003A,	11/13 at 100.00	A1	1,072,320
		5.000%, 11/01/20 – NPFG Insured
1,000		Municipal Electric Authority of Georgia, Project One Subordinated Lien Revenue Bonds, Series	1/13 at 100.00	A2	1,039,590
		2003A, 5.000%, 1/01/22 – NPFG Insured
1,200		Virgin Islands Water and Power Authority, Electric System Revenue Bonds, Series 2007B,	7/17 at 100.00	BBB–	1,146,840
		5.000%, 7/01/31
6,425		Total Utilities			6,596,336
		Water and Sewer – 23.2% (15.4% of Total Investments)
190		Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 1999A, 5.000%, 11/01/38 –	11/11 at 100.00	A1	189,998
		FGIC Insured
1,225		Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 2004, 5.000%, 11/01/24 –	11/14 at 100.00	AA+	1,276,769
		AGM Insured
2,490		Cherokee County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2001, 5.000%,	8/18 at 100.00	AA+	2,601,577
		8/01/35 – AGM Insured
335		Coweta County Water and Sewer Authority, Georgia, Revenue Bonds, Series 2001, 5.250%,	6/13 at 100.00	Aa2	342,732
		6/01/26 – AMBAC Insured
		Coweta County Water and Sewer Authority, Georgia, Revenue Bonds, Series 2007:
500		5.000%, 6/01/32	6/18 at 100.00	Aa2	526,120
150		5.000%, 6/01/37	6/18 at 100.00	Aa2	155,862
890		Douglasville-Douglas County Water and Sewer Authority, Georgia, Water and Sewer Revenue Bonds,	6/17 at 100.00	Aa2	922,992
		Series 2007, 5.000%, 6/01/37 – NPFG Insured
750		Forsyth County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2007, 5.000%,	4/17 at 100.00	Aaa	780,510
		4/01/37 – AGM Insured
1,950		Fulton County, Georgia, Water and Sewerage Revenue Bonds, Series 2004, 5.000%, 1/01/22 –	1/14 at 100.00	AA–	2,088,431
		FGIC Insured
500		Georgia Environmental Loan Acquisition Corporation, Local Government Loan Securitization	2/21 at 100.00	Aaa	531,980
		Bonds, Cobb County-Marietta Water Authority Loans, Series 2011, 5.250%, 2/15/36
1,000		Midgeville, Georgia, Water and Sewerage Revenue Refunding Bonds, Series 1996, 6.000%,	No Opt. Call	AA+	1,180,600
		12/01/21 – AGM Insured
1,000		Unified Government of Athens-Clarke County, Georgia, Water and Sewerage Revenue Bonds, Series	1/19 at 100.00	Aa2	1,084,868
		2008, 5.500%, 1/01/38
890		Walton County Water and Sewerage Authority, Georgia, Revenue Bonds, The Oconee-Hard Creek	2/18 at 100.00	Aa2	916,778
		Reservoir Project, Series 2008, 5.000%, 2/01/38 – AGM Insured
11,870		Total Water and Sewer			12,599,217
$ 102,775		Total Investments (cost $79,008,036) – 150.6%			81,768,923
		Floating Rate Obligations – (2.2)%			(1,190,000)
		MuniFund Term Preferred Shares, at Liquidation Value – (52.2)% (5)			(28,340,000)
		Other Assets Less Liabilities – 3.8%			2,040,837
		Net Assets Applicable to Common Shares – 100%			$ 54,279,760

 

 

 

 

 

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 three-tier hierarchy of inputs is 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 August 31, 2011:

 

	Level 1	Level 2	Level 3	Total
Investments:
Municipal Bonds	$ —	$81,768,923	$ —	$81,768,923

 

 

During the period ended August 31, 2011, the Fund recognized no significant transfers to or from Level 1, Level 2 or Level 3.

 

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 August 31, 2011, the cost of investments was $77,782,378.

 

Gross unrealized appreciation and gross unrealized depreciation of investments at August 31, 2011, were as follows:

 

Gross unrealized:
Appreciation	$3,214,329
Depreciation	(417,481)
Net unrealized appreciation (depreciation) of investments	$2,796,848

 

 

(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. Bonds backed by U.S. Government or agency
		securities are given an implied rating equal to the rating of such securities.
(5)		MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 34.7%.
N/R		Not rated.
(IF)		Inverse floating rate investment.
(UB)		Underlying bond of an inverse floating rate trust reflected as a financing transaction.

 

 

 

Date          October 28, 2011        

 

Date          October 28, 2011        

Nuveen Georgia Premium Income Municipal Fund Common Shares of Beneficial Interest (AMEX:NPG)
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Nuveen Georgia Premium Income Municipal Fund Common Shares of Beneficial Interest (AMEX:NPG)
과거 데이터 주식 차트
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