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Portfolio of Investments (Unaudited)
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Nuveen Ohio Dividend Advantage Municipal Fund 3 (NVJ)
|
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November 30, 2011
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Principal
|
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Optional Call
|
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|
Amount (000)
|
|
Description (1)
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Provisions (2)
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Ratings (3)
|
Value
|
|
|
Consumer Staples – 6.7% (4.5% of Total Investments)
|
|
|
|
|
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
|
|
|
|
|
|
Bonds, Senior Lien, Series 2007A-2:
|
|
|
|
$ 1,000
|
|
5.125%, 6/01/24
|
6/17 at 100.00
|
BB–
|
$ 757,130
|
2,000
|
|
5.875%, 6/01/47
|
6/17 at 100.00
|
BB–
|
1,400,580
|
20
|
|
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,
|
5/12 at 100.00
|
BBB
|
18,719
|
|
|
Series 2002, 5.375%, 5/15/33
|
|
|
|
3,020
|
|
Total Consumer Staples
|
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|
2,176,429
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|
|
Education and Civic Organizations – 7.3% (4.9% of Total Investments)
|
|
|
|
275
|
|
Miami University of Ohio, General Receipts Bonds, Series 2011, 5.000%, 9/01/36 (WI/DD,
|
9/21 at 100.00
|
AA
|
285,849
|
|
|
Settling 12/21/11)
|
|
|
|
350
|
|
Ohio Higher Education Facilities Commission, General Revenue Bonds, Kenyon College, Series
|
7/16 at 100.00
|
A+
|
354,634
|
|
|
2006, 5.000%, 7/01/41
|
|
|
|
1,125
|
|
Ohio Higher Education Facilities Commission, Revenue Bonds, Ohio Northern University, Series
|
5/12 at 100.00
|
Baa2
|
1,134,866
|
|
|
2002, 5.750%, 5/01/16
|
|
|
|
650
|
|
Ohio Higher Education Facilities Commission, Revenue Bonds, Wittenberg University, Series
|
12/15 at 100.00
|
Ba1
|
572,059
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2005, 5.000%, 12/01/24
|
|
|
|
2,400
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|
Total Education and Civic Organizations
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|
|
2,347,408
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Energy – 0.7% (0.5% of Total Investments)
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|
|
|
250
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|
Virgin Islands Public Finance Authority, Refinery Facilities Revenue Bonds, Hovensa Coker
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1/13 at 100.00
|
Ba2
|
239,093
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|
|
Project, Senior Lien Series 2002, 6.500%, 7/01/21 (Alternative Minimum Tax)
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|
|
|
|
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Health Care – 31.5% (21.2% of Total Investments)
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|
|
|
200
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|
Allen County, Ohio, Hospital Facilities Revenue Bonds, Catholic Healthcare Partners, Series
|
6/20 at 100.00
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AA–
|
203,914
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|
|
2010A, 5.250%, 6/01/38
|
|
|
|
695
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|
Butler County, Ohio, Hospital Facilities Revenue Bonds, Cincinnati Children’s Medical Center
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5/16 at 100.00
|
N/R
|
651,020
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|
|
Project, Series 2006K, 5.000%, 5/15/31 – FGIC Insured
|
|
|
|
600
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|
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project,
|
11/19 at 100.00
|
Aa2
|
613,818
|
|
|
Improvement Series 2009, 5.250%, 11/01/40
|
|
|
|
420
|
|
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project, Series
|
11/18 at 100.00
|
Aa2
|
422,545
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|
|
2005, 5.000%, 11/01/40
|
|
|
|
320
|
|
Franklin County, Ohio, Hospital Revenue Bonds, OhioHealth Corporation, Tender Option Bond
|
11/21 at 100.00
|
AA
|
324,730
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|
|
Trust 11-21B, 9.304%, 11/15/41 (IF) (4)
|
|
|
|
625
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|
Hancock County, Ohio, Hospital Revenue Bonds, Blanchard Valley Regional Health Center, Series
|
6/21 at 100.00
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A3
|
669,119
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|
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2011A, 6.250%, 12/01/34
|
|
|
|
1,000
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|
Lake County, Ohio, Hospital Facilities Revenue Bonds, Lake Hospital System, Inc., Refunding
|
8/18 at 100.00
|
Baa1
|
1,005,090
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|
|
Series 2008C, 6.000%, 8/15/43
|
|
|
|
300
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|
Lorain County, Ohio, Hospital Revenue Refunding and Improvement Bonds, Catholic Healthcare
|
10/12 at 100.00
|
AA–
|
301,485
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Partners, Refunding Series 2002, 5.375%, 10/01/30
|
|
|
|
550
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|
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series
|
11/21 at 100.00
|
AA–
|
602,888
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|
|
2011A, 6.000%, 11/15/41
|
|
|
|
160
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|
Miami County, Ohio, Hospital Facilities Revenue Refunding Bonds, Upper Valley Medical Center
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5/16 at 100.00
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A2
|
168,384
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|
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Inc., Series 2006, 5.250%, 5/15/21
|
|
|
|
500
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|
Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A,
|
5/14 at 100.00
|
AA
|
505,825
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|
|
5.000%, 5/01/30
|
|
|
|
105
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|
Montgomery County, Ohio, Revenue Bonds, Miami Valley Hospital, Series 2009A, 6.250%, 11/15/39
|
11/14 at 100.00
|
Aa3
|
109,871
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Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Cleveland Clinic
|
|
|
|
|
|
Health System Obligated Group, Series 2008A:
|
|
|
|
600
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|
5.000%, 1/01/25
|
1/18 at 100.00
|
Aa2
|
637,266
|
100
|
|
5.250%, 1/01/33
|
1/18 at 100.00
|
Aa2
|
103,332
|
200
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|
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Summa Health
|
5/20 at 100.00
|
AA–
|
201,162
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|
|
System Project, Series 2010, 5.250%, 11/15/40 – AGM Insured
|
|
|
|
2,000
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|
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, University
|
1/15 at 100.00
|
A
|
2,084,400
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|
Hospitals Health System, Series 2009, 6.750%, 1/15/39
|
|
|
|
100
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|
Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System
|
1/19 at 100.00
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Aa2
|
104,311
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|
Obligated Group, Series 2009A, 5.500%, 1/01/39
|
|
|
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Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System
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|
|
|
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|
Obligated Group, Tender Option Bond Trust 3551:
|
|
|
|
125
|
|
19.675%, 1/01/17 (IF)
|
No Opt. Call
|
Aa2
|
143,395
|
425
|
|
20.215%, 1/01/33 (IF)
|
1/19 at 100.00
|
Aa2
|
498,287
|
100
|
|
Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System
|
No Opt. Call
|
Aa2
|
117,244
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|
|
Obligated Group, Tender Option Bond Trust 3591, 20.372%, 1/01/17 (IF)
|
|
|
|
335
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|
Richland County, Ohio, Hospital Facilities Revenue Improvement Bonds, MedCentral Health System
|
11/12 at 100.00
|
A–
|
337,064
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|
|
Obligated Group, Series 2000B, 6.375%, 11/15/30
|
|
|
|
250
|
|
Richland County, Ohio, Hospital Revenue Bonds, MidCentral Health System Group, Series 2006,
|
11/16 at 100.00
|
A–
|
251,890
|
|
|
5.250%, 11/15/36
|
|
|
|
110
|
|
Ross County, Ohio, Hospital Revenue Refunding Bonds, Adena Health System Series 2008,
|
12/18 at 100.00
|
A
|
112,833
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|
|
5.750%, 12/01/35
|
|
|
|
9,820
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|
Total Health Care
|
|
|
10,169,873
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|
|
Housing/Multifamily – 3.3% (2.2% of Total Investments)
|
|
|
|
200
|
|
Montgomery County, Ohio, GNMA Guaranteed Multifamily Housing Revenue Bonds, Canterbury Court
|
10/18 at 101.00
|
Aa1
|
206,442
|
|
|
Project, Series 2007, 5.500%, 10/20/42 (Alternative Minimum Tax)
|
|
|
|
165
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|
Ohio Housing Finance Agency, FHA-Insured Multifamily Housing Mortgage Revenue Bonds, Madonna
|
6/16 at 102.00
|
Aaa
|
160,859
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|
|
Homes, Series 2006M, 4.900%, 6/20/48 (Alternative Minimum Tax)
|
|
|
|
685
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|
Summit County Port Authority, Ohio, Multifamily Housing Revenue Bonds, Callis Tower Apartments
|
9/17 at 102.00
|
Aaa
|
693,871
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|
|
Project, Series 2007, 5.250%, 9/20/47 (Alternative Minimum Tax)
|
|
|
|
1,050
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|
Total Housing/Multifamily
|
|
|
1,061,172
|
|
|
Housing/Single Family – 0.8% (0.5% of Total Investments)
|
|
|
|
245
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|
Ohio Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2006H, 5.000%,
|
9/15 at 100.00
|
Aaa
|
246,019
|
|
|
9/01/31 (Alternative Minimum Tax)
|
|
|
|
|
|
Industrials – 7.1% (4.8% of Total Investments)
|
|
|
|
555
|
|
Cleveland-Cuyahoga County Port Authority, Ohio, Common Bond Fund Revenue Bonds, Cleveland
|
5/12 at 102.00
|
BBB–
|
542,751
|
|
|
Christian Home Project, Series 2002C, 5.950%, 5/15/22
|
|
|
|
480
|
|
Ohio State Water Development Authority, Solid Waste Revenue Bonds, Allied Waste Industries,
|
7/12 at 100.00
|
BBB
|
489,384
|
|
|
Inc., Series 2007A, 5.150%, 7/15/15 (Alternative Minimum Tax)
|
|
|
|
1,000
|
|
Toledo-Lucas County Port Authority, Ohio, Revenue Refunding Bonds, CSX Transportation Inc.,
|
No Opt. Call
|
Baa3
|
1,173,810
|
|
|
Series 1992, 6.450%, 12/15/21
|
|
|
|
400
|
|
Western Reserve Port Authority, Ohio, Solid Waste Facility Revenue Bonds, Central Waste Inc.,
|
7/17 at 102.00
|
N/R
|
71,160
|
|
|
Series 2007A, 6.350%, 7/01/27 (Alternative Minimum Tax) (5), (6)
|
|
|
|
2,435
|
|
Total Industrials
|
|
|
2,277,105
|
|
|
Long-Term Care – 1.1% (0.7% of Total Investments)
|
|
|
|
95
|
|
Franklin County, Ohio, Healthcare Facilities Revenue Bonds, Ohio Presbyterian Retirement
|
7/21 at 100.00
|
BBB
|
95,960
|
|
|
Services, Improvement Series 2010A, 5.625%, 7/01/26
|
|
|
|
245
|
|
Montgomery County, Ohio, Health Care and Multifamily Housing Revenue Bonds, Saint Leonard,
|
4/20 at 100.00
|
BBB–
|
245,982
|
|
|
Refunding & improvement Series 2010, 6.625%, 4/01/40
|
|
|
|
340
|
|
Total Long-Term Care
|
|
|
341,942
|
|
|
Tax Obligation/General – 40.0% (27.0% of Total Investments)
|
|
|
|
1,000
|
|
Cleveland, Ohio, General Obligation Bonds, Series 2011, 5.000%, 12/01/29
|
12/19 at 100.00
|
AA
|
1,050,080
|
|
|
Columbus City School District, Franklin County, Ohio, General Obligation Bonds, Series 2006:
|
|
|
|
1,815
|
|
0.000%, 12/01/27 – AGM Insured
|
No Opt. Call
|
AA
|
859,094
|
1,000
|
|
0.000%, 12/01/28 – AGM Insured
|
No Opt. Call
|
AA
|
444,500
|
300
|
|
Cuyahoga County, Ohio, General Obligation Bonds, Series 2004, 5.000%, 12/01/21
|
12/14 at 100.00
|
AA+
|
330,363
|
1,000
|
|
Franklin County, Ohio, General Obligation Bonds, Series 2007, 5.000%, 12/01/27
|
12/17 at 100.00
|
AAA
|
1,091,610
|
250
|
|
Green, Ohio, General Obligation Bonds, Series 2008, 5.500%, 12/01/32
|
12/15 at 100.00
|
AA
|
262,095
|
1,275
|
|
Hamilton City School District, Ohio, General Obligation Bonds, Series 2007, 5.000%, 12/01/34 –
|
6/17 at 100.00
|
AA–
|
1,307,334
|
|
|
AGM Insured
|
|
|
|
1,000
|
|
Indian Lake Local School District, Logan and Auglaize Counties, Ohio, School Facilities
|
6/17 at 100.00
|
Aa3
|
1,033,240
|
|
|
Improvement and Refunding Bonds, Series 2007, 5.000%, 12/01/34 – NPFG Insured
|
|
|
|
1,000
|
|
Kenston Local School District, Geauga County, Ohio, General Obligation Bonds, Series 2003,
|
6/13 at 100.00
|
Aa1
|
1,051,890
|
|
|
5.000%, 12/01/22 – NPFG Insured
|
|
|
|
210
|
|
Lakewood City School District, Cuyahoga County, Ohio, General Obligation Bonds, Series 2007,
|
12/17 at 100.00
|
Aa2
|
226,661
|
|
|
5.000%, 12/01/25 – FGIC Insured
|
|
|
|
1,270
|
|
Lorain, Ohio, General Obligation Bonds, Series 2002, 5.125%, 12/01/26 – AMBAC Insured
|
12/12 at 100.00
|
A3
|
1,278,255
|
235
|
|
Lucas County, Ohio, General Obligation Bonds, Various Purpose Series 2010, 5.000%, 10/01/40
|
10/18 at 100.00
|
Aa2
|
242,043
|
500
|
|
Marysville Exempted School District, Union County, Ohio, General Obligation Bonds, Series
|
12/15 at 100.00
|
AA–
|
525,460
|
|
|
2006, 5.000%, 12/01/25 – AGM Insured
|
|
|
|
100
|
|
Mason City School District, Counties of Warren and Butler, Ohio, General Obligation Bonds,
|
6/17 at 100.00
|
Aaa
|
105,883
|
|
|
Series 2007, 5.000%, 12/01/31
|
|
|
|
500
|
|
Middletown City School District, Butler County, Ohio, General Obligation Bonds, Refunding
|
No Opt. Call
|
Aa3
|
562,215
|
|
|
Series 2007, 5.250%, 12/01/31 – AGM Insured
|
|
|
|
50
|
|
Milford Exempted Village School District, Ohio, General Obligation Bonds, Series 2008,
|
12/18 at 100.00
|
Aa3
|
51,942
|
|
|
5.250%, 12/01/36
|
|
|
|
150
|
|
Northmor Local School District, Morrow County, Ohio, General Obligation School Facilities
|
11/18 at 100.00
|
Aa2
|
154,907
|
|
|
Construction and Improvement Bonds, Series 2008, 5.000%, 11/01/36
|
|
|
|
500
|
|
Oak Hills Local School District, Hamilton County, Ohio, General Obligation Bonds, Refunding
|
12/15 at 100.00
|
AA–
|
523,240
|
|
|
Series 2005, 5.000%, 12/01/24 – AGM Insured
|
|
|
|
1,130
|
|
Solon, Ohio, General Obligation Refunding and Improvement Bonds, Series 2002, 5.000%, 12/01/18
|
12/12 at 100.00
|
AAA
|
1,177,166
|
500
|
|
Sylvania City School District, Ohio, General Obligation School Improvement Bonds, Series 1995,
|
6/17 at 100.00
|
Aa2
|
518,225
|
|
|
5.250%, 12/01/36 – AGC Insured
|
|
|
|
100
|
|
Vandalia Butler City School District, Montgomery County, Ohio, General Obligation Bonds,
|
No Opt. Call
|
AA
|
104,688
|
|
|
School Improvement Series 2009, 5.125%, 12/01/37
|
|
|
|
13,885
|
|
Total Tax Obligation/General
|
|
|
12,900,891
|
|
|
Tax Obligation/Limited – 10.9% (7.4% of Total Investments)
|
|
|
|
250
|
|
Cuyhoga County, Ohio, Economic Development Revenue Bonds, Federally Taxable Recovery Zone
|
12/20 at 100.00
|
AA
|
271,205
|
|
|
Facility Medical Mart- Convention Center Project, Series 2010G, 5.000%, 12/01/27
|
|
|
|
75
|
|
Delaware County District Library, Delaware, Franklin, Marion, Morrow and Union Counties, Ohio,
|
12/19 at 100.00
|
Aa2
|
79,487
|
|
|
Library Fund Library Facilities Special Obligation Notes, Series 2009, 5.000%, 12/01/34
|
|
|
|
265
|
|
Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.125%, 1/01/42 (WI/DD,
|
1/22 at 100.00
|
A
|
269,585
|
|
|
Settling 12/01/11)
|
|
|
|
750
|
|
Hamilton County, Ohio, Sales Tax Bonds, Subordinate Lien, Series 2006A, 5.000%, 12/01/32 –
|
12/16 at 100.00
|
A1
|
766,125
|
|
|
AMBAC Insured
|
|
|
|
1,000
|
|
Midview Local School District, Lorain County, Ohio, Certificates of Participation, Series
|
5/13 at 100.00
|
A1
|
1,008,340
|
|
|
2003, 5.000%, 11/01/30
|
|
|
|
200
|
|
Ohio State Building Authority, State Facilities Bonds, Administrative Building Fund Projects,
|
4/15 at 100.00
|
AA
|
216,576
|
|
|
Series 2005A, 5.000%, 4/01/25 – AGM Insured
|
|
|
|
2,000
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
|
No Opt. Call
|
A+
|
493,960
|
|
|
2009A, 0.000%, 8/01/34
|
|
|
|
1,835
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2010A,
|
No Opt. Call
|
A+
|
422,197
|
|
|
0.000%, 8/01/35
|
|
|
|
6,375
|
|
Total Tax Obligation/Limited
|
|
|
3,527,475
|
|
|
Transportation – 5.9% (3.9% of Total Investments)
|
|
|
|
1,550
|
|
Ohio Turnpike Commission, Revenue Refunding Bonds, Series 1998A, 5.500%, 2/15/18 – FGIC Insured
|
No Opt. Call
|
AA
|
1,887,637
|
|
|
U.S. Guaranteed – 21.7% (14.6% of Total Investments) (7)
|
|
|
|
725
|
|
Eaton City School District, Preble County, Ohio, General Obligation Bonds, Series 2002,
|
12/12 at 101.00
|
Aa2 (7)
|
772,031
|
|
|
5.750%, 12/01/21 (Pre-refunded 12/01/12) – FGIC Insured
|
|
|
|
1,000
|
|
Hilliard, Ohio, General Obligation Bonds, Series 2002, 5.375%, 12/01/22 (Pre-refunded 12/01/12)
|
12/12 at 100.00
|
Aa1 (7)
|
1,051,140
|
500
|
|
Miami East Local School District, Miami County, Ohio, General Obligation Bonds, Series 2002,
|
6/12 at 100.00
|
AA– (7)
|
512,345
|
|
|
5.125%, 12/01/29 (Pre-refunded 6/01/12) – AGM Insured
|
|
|
|
2,000
|
|
Ohio Higher Education Facilities Commission, Revenue Bonds, Case Western Reserve University,
|
10/12 at 100.00
|
N/R (7)
|
2,087,716
|
|
|
Series 2002B, 5.500%, 10/01/22 (Pre-refunded 10/01/12)
|
|
|
|
1,250
|
|
Ohio State Building Authority, State Facilities Bonds, Administrative Building Fund Projects,
|
4/12 at 100.00
|
AA (7)
|
1,272,350
|
|
|
Series 2002A, 5.500%, 4/01/18 (Pre-refunded 4/01/12) – AGM Insured
|
|
|
|
160
|
|
Ohio Water Development Authority, Revenue Bonds, Drinking Water Assistance Fund, State Match,
|
6/18 at 100.00
|
AAA
|
194,120
|
|
|
Series 2008, 5.000%, 6/01/28 (Pre-refunded 6/01/18) – AGM Insured
|
|
|
|
1,000
|
|
Olentangy Local School District, Delaware and Franklin Counties, Ohio, General Obligation
|
6/14 at 100.00
|
AA+ (7)
|
1,115,660
|
|
|
Bonds, Series 2004A, 5.250%, 12/01/21 (Pre-refunded 6/01/14) – FGIC Insured
|
|
|
|
6,635
|
|
Total U.S. Guaranteed
|
|
|
7,005,362
|
|
|
Utilities – 7.9% (5.4% of Total Investments)
|
|
|
|
500
|
|
American Municipal Power Ohio Inc., General Revenue Bonds, Prairie State Energy Campus Project
|
2/18 at 100.00
|
A1
|
520,220
|
|
|
Series 2008A, 5.250%, 2/15/43
|
|
|
|
1,500
|
|
American Municipal Power Ohio Inc., Wadsworth, Electric System Improvement Revenue Bonds,
|
2/12 at 100.00
|
A2
|
1,510,455
|
|
|
Series 2002, 5.250%, 2/15/17 – NPFG Insured
|
|
|
|
1,595
|
|
Cleveland, Ohio, Public Power System Revenue Bonds, Series 2008B, 0.000%, 11/15/32 –
|
No Opt. Call
|
A2
|
530,066
|
|
|
NPFG Insured
|
|
|
|
3,595
|
|
Total Utilities
|
|
|
2,560,741
|
|
|
Water and Sewer – 3.5% (2.4% of Total Investments)
|
|
|
|
130
|
|
City of Marysville, Ohio, Water System Mortgage Revenue Bonds, Series 2007, 5.000%, 12/01/32 –
|
12/17 at 100.00
|
A1
|
133,903
|
|
|
AMBAC Insured
|
|
|
|
950
|
|
Ironton, Ohio, Sewer System Improvement Revenue Bonds, Series 2011, 5.250%, 12/01/40 –
|
12/20 at 100.00
|
Aa3
|
994,033
|
|
|
AGM Insured
|
|
|
|
1,080
|
|
Total Water and Sewer
|
|
|
1,127,936
|
$ 52,680
|
|
Total Investments (cost $46,075,069) – 148.4%
|
|
|
47,869,083
|
|
|
MuniFund Term Preferred Shares, at Liquidation Value – (57.3)% (8)
|
|
|
(18,470,150)
|
|
|
Other Assets Less Liabilities – 8.9%
|
|
|
2,849,476
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 32,248,409
|