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Portfolio of Investments (Unaudited)
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Nuveen Build America Bond Opportunity Fund (NBD)
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June 30, 2012
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Principal
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Optional Call
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Amount (000)
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Description (1)
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Provisions (2)
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Ratings (3)
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Value
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California – 19.0% (18.0% of Total Investments)
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$ 1,030
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Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge,
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No Opt. Call
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A+
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$ 1,475,496
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Subordinate Lien, Build America Federally Taxable Bond Series 2010S-1, 7.043%, 4/01/50
|
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1,500
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California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Build
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No Opt. Call
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A2
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1,912,815
|
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America Taxable Bond Series 2009G-2, 8.361%, 10/01/34
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2,000
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Los Angeles Community College District, Los Angeles County, California, General Obligation
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No Opt. Call
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Aa1
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5,638,300
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Bonds, Tender Option Bond Trust TN027, 29.949%, 8/01/49 (IF) (4)
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1,000
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Los Angeles County Public Works Financing Authority, California, Lease Revenue Bonds, Mulitple
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No Opt. Call
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A+
|
1,247,190
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Capital Projects I, Build America Taxable Bond Series 2010B, 7.618%, 8/01/40
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2,650
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Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International
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No Opt. Call
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AA–
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3,398,307
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Airport, Build America Taxable Bonds, Series 2009C, 6.582%, 5/15/39
|
|
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2,000
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Los Angeles Department of Water and Power, California, Water System Revenue Bonds, Tender
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No Opt. Call
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AA
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6,492,000
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Option Bond Trust T0003, 30.024%, 7/01/42 (IF) (4)
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1,000
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Oakland Redevelopment Agency, California, Subordinated Housing Set Aside Revenue Bonds,
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No Opt. Call
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A
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1,136,130
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Federally Taxable Series 2011A-T, 7.500%, 9/01/19
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2,175
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San Diego County Regional Transportation Commission, California, Sales Tax Revenue Bonds,
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No Opt. Call
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AAA
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2,897,818
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Build America Taxable Bonds Series 2010A, 5.911%, 4/01/48
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2,000
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San Francisco City and County, California, Certificates of Participation, 525 Golden Gate
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No Opt. Call
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AA–
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3,083,600
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Avenue, San Francisco Public Utilities Commission Office Project, Tender Option Bond Trust
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B001, 29.077%, 11/01/41 (IF)
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315
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Stanton Redevelopment Agency, California, Consolidated Project Tax Allocation Bonds, Series
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No Opt. Call
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A–
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343,460
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2011A, 7.000%, 12/01/19
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3,000
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The Regents of the University of California, Medical Center Pooled Revenue Bonds, Build
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No Opt. Call
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Aa2
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3,944,397
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America Taxable Bonds, Series 2010H, 6.548%, 5/15/48
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18,670
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Total California
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31,569,513
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Colorado – 4.8% (4.6% of Total Investments)
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4,000
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Colorado State Bridge Enterprise Revenue Bonds, Federally Taxable Build America Series 2010A,
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No Opt. Call
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AA
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5,287,240
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6.078%, 12/01/40
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2,000
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Regional Transportation District, Colorado, Sales Tax Revenue Bonds, FasTracks Project, Build
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No Opt. Call
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AA+
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2,695,340
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America Series 2010B, 5.844%, 11/01/50
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6,000
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Total Colorado
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7,982,580
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Connecticut – 0.7% (0.7% of Total Investments)
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1,000
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Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation Revenue
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4/20 at 100.00
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N/R
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1,187,440
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Bonds, Harbor Point Project, Federally Taxable – Issuer Subsidy – Recovery Zone Economic
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Development Bond Series 2010B, 12.500%, 4/01/39
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District of Columbia – 0.6% (0.6% of Total Investments)
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800
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District of Columbia, Income Tax Secured Revenue Bonds, Build America Taxable Bonds, Series
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No Opt. Call
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AAA
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997,912
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2009E, 5.591%, 12/01/34 (4)
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Georgia – 3.4% (3.2% of Total Investments)
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2,000
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Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project J Bonds, Taxable Build
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No Opt. Call
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A+
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2,343,360
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America Bonds Series 2010A, 6.637%, 4/01/57
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3,000
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Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project P Bonds, Refunding
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No Opt. Call
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A–
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3,228,090
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Taxable Build America Bonds Series 2010A, 7.055%, 4/01/57
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5,000
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Total Georgia
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5,571,450
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Illinois – 14.0% (13.2% of Total Investments)
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3,575
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Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Federally Taxable Build
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No Opt. Call
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AA
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3,948,981
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America Bonds, Series 2010B, 6.200%, 12/01/40
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5,080
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Chicago, Illinois, Wastewater Transmission Revenue Bonds, Build America Taxable Bond Series
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No Opt. Call
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AA
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6,517,742
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2010B, 6.900%, 1/01/40 (4)
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3,000
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Chicago, Illinois, Water Revenue Bonds, Taxable Second Lien Series 2010B, 6.742%, 11/01/40
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No Opt. Call
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AA
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4,023,450
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1,000
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Cook County, Illinois, General Obligation Bonds, Build America Taxable Bonds, Series 2010D,
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No Opt. Call
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AA
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1,125,080
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6.229%, 11/15/34
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500
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Illinois Finance Authority, Revenue Bonds, Illinois Institute of Technology, Refunding Series
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10/12 at 100.00
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Baa3
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494,285
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2006B, 6.100%, 4/01/15
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2,000
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Illinois State, General Obligation Bonds, Build America Taxable Bonds, Series 2010-5,
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No Opt. Call
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A+
|
2,325,360
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7.350%, 7/01/35
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3,810
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Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Build America Taxable Bonds,
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No Opt. Call
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AA–
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4,730,572
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Senior Lien Series 2009A, 6.184%, 1/01/34
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18,965
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Total Illinois
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23,165,470
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Indiana – 2.4% (2.3% of Total Investments)
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3,075
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Indianapolis Local Public Improvement Bond Bank, Indiana, Build America Taxable Bonds, Series
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No Opt. Call
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AA+
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4,019,148
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2010B-2, 6.116%, 1/15/40
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Kentucky – 2.3% (2.2% of Total Investments)
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3,000
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Louisville and Jefferson County Metropolitan Sewer District, Kentucky, Sewer and Drainage
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No Opt. Call
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AA
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3,853,230
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System Revenue Bonds, Build America Taxable Bonds Series 2010A, 6.250%, 5/15/43
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Massachusetts – 3.3% (3.1% of Total Investments)
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|
|
|
2,000
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Massachusetts, Transporation Fund Revenue Bonds, Accelerated Bridge Program, Tender Option
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No Opt. Call
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AAA
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5,389,100
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Bond Trust T0004, 25.490%, 6/01/40 (IF) (4)
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Michigan – 4.2% (4.0% of Total Investments)
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3,000
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Detroit City School District, Wayne County, Michigan, General Obligation Bonds, Build America
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5/20 at 100.00
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Aa2
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3,189,090
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Taxable Bond Series 2010B, 6.845%, 5/01/40
|
|
|
|
1,980
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Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Revenue Bonds,
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6/22 at 100.00
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B2
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1,472,031
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Taxable Turbo Series 2006A, 7.309%, 6/01/34
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2,000
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Wayne County Building Authority, Michigan, General Obligation Bonds, Jail Facilities,
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12/20 at 100.00
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BBB+
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2,321,420
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Federally Taxable Recovery Zone Economic Development Series 2010, 10.000%, 12/01/40
|
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6,980
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Total Michigan
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6,982,541
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Mississippi – 1.9% (1.8% of Total Investments)
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2,585
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Mississippi State, General Obligation Bonds, Build America Taxable Bond Series 2010F,
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No Opt. Call
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AA+
|
3,091,091
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5.245%, 11/01/34
|
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Missouri – 1.1% (1.1% of Total Investments)
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250
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Curators of the University of Missouri, System Facilities Revenue Bonds, Build America Taxable
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No Opt. Call
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AA+
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335,585
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Bonds, Series 2009A, 5.960%, 11/01/39
|
|
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|
1,150
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|
Curators of the University of Missouri, System Facilities Revenue Bonds, Build America Taxable
|
No Opt. Call
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AA+
|
1,525,740
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Bonds, Series 2010, 5.792%, 11/01/41
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|
1,400
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Total Missouri
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1,861,325
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Nevada – 2.5% (2.3% of Total Investments)
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|
1,950
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|
Clark County, Nevada, Airport Revenue Bonds, Senior Lien Series 2009B, 6.881%, 7/01/42
|
7/19 at 100.00
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Aa2
|
2,232,633
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1,340
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Clark County, Nevada, Airport System Revenue, Taxable Direct Payment Build America Bonds,
|
No Opt. Call
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Aa2
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1,857,093
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Senior Series 2010C, 6.820%, 7/01/45
|
|
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3,290
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Total Nevada
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|
|
4,089,726
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New Jersey – 5.8% (5.5% of Total Investments)
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3,000
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New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Build America
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No Opt. Call
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A+
|
3,538,530
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Bonds Issuer Subsidy Program, Series 2010C, 5.754%, 12/15/28
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2,500
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New Jersey Turnpike Authority, Revenue Bonds, Build America Taxable Bonds, Series 2010A,
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No Opt. Call
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A+
|
3,544,175
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7.102%, 1/01/41
|
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|
2,050
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Rutgers State University, New Jersey, Revenue Bonds, Build America Taxable Bond Series 2010H,
|
No Opt. Call
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AA
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2,587,162
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5.665%, 5/01/40
|
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|
|
7,550
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Total New Jersey
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9,669,867
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New York – 14.0% (13.3% of Total Investments)
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|
|
2,000
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Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Tender
|
No Opt. Call
|
AAA
|
4,625,200
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|
|
Option Bond Trust B004, 24.523%, 3/15/40 (IF)
|
|
|
|
2,000
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|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Federally
|
No Opt. Call
|
A
|
2,621,240
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|
|
Taxable Issuer Subsidy Build America Bonds, Series 2010A, 6.668%, 11/15/39
|
|
|
|
3,000
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|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue
|
No Opt. Call
|
AA+
|
3,756,840
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Bonds, Second Generation Resolution, Build America Taxable Bonds, Fiscal 2011 Series AA,
|
|
|
|
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|
5.440%, 6/15/43 (4)
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|
|
|
2,000
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|
New York City Municipal Water Finance Authority, New York, Water and Sewer System
|
No Opt. Call
|
AA+
|
5,071,800
|
|
|
Revenue Bonds, Second Generation Resolution, Taxable Tender Option Bonds Trust T30001-2,
|
|
|
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|
26.488%, 6/15/44 (IF)
|
|
|
|
3,005
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|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Build
|
No Opt. Call
|
AA–
|
4,109,608
|
|
|
America Taxable Bond Fiscal 2011 Series 2010S-1B, 6.828%, 7/15/40
|
|
|
|
2,500
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|
New York City, New York, General Obligation Bonds, Federally Taxable Build America Bonds,
|
12/20 at 100.00
|
AA
|
3,053,000
|
|
|
Series 2010-F1, 6.646%, 12/01/31
|
|
|
|
14,505
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|
Total New York
|
|
|
23,237,688
|
|
|
North Carolina – 1.0% (0.9% of Total Investments)
|
|
|
|
1,400
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|
North Carolina Turnpike Authority, Triangle Expressway System State Annual Appropriation
|
1/19 at 100.00
|
AA
|
1,631,196
|
|
|
Revenue Bonds, Federally Taxable Issuer Subsidy Build America Bonds, Series 2009B,
|
|
|
|
|
|
6.700%, 1/01/39
|
|
|
|
|
|
Ohio – 3.9% (3.7% of Total Investments)
|
|
|
|
3,000
|
|
American Municipal Power Inc., Ohio, Meldahl Hydroelectric Projects Revenue Bonds, Federally
|
No Opt. Call
|
A
|
4,106,460
|
|
|
Taxable Build America Bonds, Series 2010B, 7.499%, 2/15/50
|
|
|
|
2,150
|
|
Northeast Ohio Regional Sewer District, Wastewater Improvement Revenue Bonds, Build America
|
11/20 at 100.00
|
AA+
|
2,426,555
|
|
|
Taxable Bonds, Series 2010, 6.038%, 11/15/40
|
|
|
|
5,150
|
|
Total Ohio
|
|
|
6,533,015
|
|
|
Pennsylvania – 1.8% (1.7% of Total Investments)
|
|
|
|
2,500
|
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Build America Taxable Bonds, Series
|
No Opt. Call
|
Aa3
|
2,998,750
|
|
|
2010B, 5.511%, 12/01/45
|
|
|
|
|
|
South Carolina – 7.9% (7.5% of Total Investments)
|
|
|
|
205
|
|
South Carolina Public Service Authority, Electric System Revenue Bonds, Santee Cooper,
|
No Opt. Call
|
AA–
|
611,864
|
|
|
Federally Taxable Build America Tender Option Bond Trust T30002, 29.502%, 1/01/50 (IF)
|
|
|
|
8,985
|
|
South Carolina Public Service Authority, Electric System Revenue Bonds, Santee Cooper,
|
No Opt. Call
|
AA–
|
12,551,506
|
|
|
Federally Taxable Build America Series 2010C, 6.454%, 1/01/50 (UB)
|
|
|
|
9,190
|
|
Total South Carolina
|
|
|
13,163,370
|
|
|
Tennessee – 2.1% (1.9% of Total Investments)
|
|
|
|
3,000
|
|
Metropolitan Government Nashville & Davidson County Convention Center Authority, Tennessee,
|
No Opt. Call
|
Aa2
|
3,404,490
|
|
|
Tourism Tax Revenue Bonds, Build America Taxable Bonds, Subordinate Lien Series 2010B,
|
|
|
|
|
|
6.731%, 7/01/43
|
|
|
|
|
|
Texas – 5.5% (5.2% of Total Investments)
|
|
|
|
1,810
|
|
Board of Regents, University of Texas System, Financing System Revenue Bonds, Build America
|
8/19 at 100.00
|
AAA
|
2,130,696
|
|
|
Taxable Bonds, Series 2009B, 6.276%, 8/15/41
|
|
|
|
2,000
|
|
Dallas Area Rapid Transit, Texas, Senior Lien Sales Tax Revenue Bonds, Build America Taxable
|
No Opt. Call
|
AA+
|
2,782,660
|
|
|
Bonds, Series 2009B, 5.999%, 12/01/44
|
|
|
|
2,000
|
|
Dallas Convention Center Hotel Development Corporation, Texas, Hotel Revenue Bonds, Build
|
No Opt. Call
|
A+
|
2,401,120
|
|
|
America Taxable Bonds, Series 09B, 7.088%, 1/01/42
|
|
|
|
1,500
|
|
North Texas Tollway Authority, System Revenue Bonds, Subordinate Lien Taxable Revenue Bonds,
|
2/20 at 100.00
|
Baa3
|
1,736,100
|
|
|
Federally Taxable Build America Bonds, Series 2010-B2, 8.910%, 2/01/30
|
|
|
|
7,310
|
|
Total Texas
|
|
|
9,050,576
|
|
|
Virginia – 2.7% (2.5% of Total Investments)
|
|
|
|
2,110
|
|
Metropolitan Washington DC Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
No Opt. Call
|
BBB+
|
2,514,761
|
|
|
Series 2009D, 7.462%, 10/01/46 – AGC Insured
|
|
|
|
3,000
|
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds,
|
6/17 at 100.00
|
B2
|
1,919,730
|
|
|
Refunding Senior Lien Series 2007A1, 6.706%, 6/01/46
|
|
|
|
5,110
|
|
Total Virginia
|
|
|
4,434,491
|
|
|
Washington – 0.7% (0.7% of Total Investments)
|
|
|
|
1,000
|
|
Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds,
|
No Opt. Call
|
Aa3
|
1,231,440
|
|
|
Build America Taxable Bond Series 2010B, 6.790%, 7/01/40
|
|
|
|
$ 129,480
|
|
Total Investments (cost $130,384,831) – 105.6%
|
|
|
175,115,409
|
|
|
Floating Rate Obligations – (4.3)%
|
|
|
(7,190,000)
|
|
|
Other Assets Less Liabilities – (1.3)% (5)
|
|
|
(2,052,469)
|
|
|
Net Assets – 100%
|
|
|
$ 165,872,940
|