- Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (N-Q)

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number 811-10637

 

Nuveen Ohio Dividend Advantage Municipal Fund 3

(Exact name of registrant as specified in charter)

 

Nuveen Investments

        333 West Wacker Drive, Chicago, Illinois 60606         

(Address of principal executive offices) (Zip code)

 

Kevin J. McCarthy

Vice President and Secretary

        333 West Wacker Drive, Chicago, Illinois 60606         

(Name and address of agent for service)

 

Registrant's telephone number, including area code:         312-917-7700        

 

Date of fiscal year end:             2/28          

 

Date of reporting period:          11/30/11         

 

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

 

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

 

 

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Item 1. Schedule of Investments

 

 

		Portfolio of Investments (Unaudited)
		Nuveen Ohio Dividend Advantage Municipal Fund 3 (NVJ)
		November 30, 2011
Principal			Optional Call
Amount (000)		Description (1)	Provisions (2)	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			2,176,429
		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
		2005, 5.000%, 12/01/24
2,400		Total Education and Civic Organizations			2,347,408
		Energy – 0.7% (0.5% of Total Investments)
250		Virgin Islands Public Finance Authority, Refinery Facilities Revenue Bonds, Hovensa Coker	1/13 at 100.00	Ba2	239,093
		Project, Senior Lien Series 2002, 6.500%, 7/01/21 (Alternative Minimum Tax)
		Health Care – 31.5% (21.2% of Total Investments)
200		Allen County, Ohio, Hospital Facilities Revenue Bonds, Catholic Healthcare Partners, Series	6/20 at 100.00	AA–	203,914
		2010A, 5.250%, 6/01/38
695		Butler County, Ohio, Hospital Facilities Revenue Bonds, Cincinnati Children’s Medical Center	5/16 at 100.00	N/R	651,020
		Project, Series 2006K, 5.000%, 5/15/31 – FGIC Insured
600		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
		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
		Trust 11-21B, 9.304%, 11/15/41 (IF) (4)
625		Hancock County, Ohio, Hospital Revenue Bonds, Blanchard Valley Regional Health Center, Series	6/21 at 100.00	A3	669,119
		2011A, 6.250%, 12/01/34
1,000		Lake County, Ohio, Hospital Facilities Revenue Bonds, Lake Hospital System, Inc., Refunding	8/18 at 100.00	Baa1	1,005,090
		Series 2008C, 6.000%, 8/15/43
300		Lorain County, Ohio, Hospital Revenue Refunding and Improvement Bonds, Catholic Healthcare	10/12 at 100.00	AA–	301,485
		Partners, Refunding Series 2002, 5.375%, 10/01/30
550		Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series	11/21 at 100.00	AA–	602,888
		2011A, 6.000%, 11/15/41
160		Miami County, Ohio, Hospital Facilities Revenue Refunding Bonds, Upper Valley Medical Center	5/16 at 100.00	A2	168,384
		Inc., Series 2006, 5.250%, 5/15/21
500		Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A,	5/14 at 100.00	AA	505,825
		5.000%, 5/01/30
105		Montgomery County, Ohio, Revenue Bonds, Miami Valley Hospital, Series 2009A, 6.250%, 11/15/39	11/14 at 100.00	Aa3	109,871
		Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Cleveland Clinic
		Health System Obligated Group, Series 2008A:
600		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		Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Summa Health	5/20 at 100.00	AA–	201,162
		System Project, Series 2010, 5.250%, 11/15/40 – AGM Insured
2,000		Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, University	1/15 at 100.00	A	2,084,400
		Hospitals Health System, Series 2009, 6.750%, 1/15/39
100		Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System	1/19 at 100.00	Aa2	104,311
		Obligated Group, Series 2009A, 5.500%, 1/01/39
		Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System
		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
		Obligated Group, Tender Option Bond Trust 3591, 20.372%, 1/01/17 (IF)
335		Richland County, Ohio, Hospital Facilities Revenue Improvement Bonds, MedCentral Health System	11/12 at 100.00	A–	337,064
		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
		5.750%, 12/01/35
9,820		Total Health Care			10,169,873
		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		Ohio Housing Finance Agency, FHA-Insured Multifamily Housing Mortgage Revenue Bonds, Madonna	6/16 at 102.00	Aaa	160,859
		Homes, Series 2006M, 4.900%, 6/20/48 (Alternative Minimum Tax)
685		Summit County Port Authority, Ohio, Multifamily Housing Revenue Bonds, Callis Tower Apartments	9/17 at 102.00	Aaa	693,871
		Project, Series 2007, 5.250%, 9/20/47 (Alternative Minimum Tax)
1,050		Total Housing/Multifamily			1,061,172
		Housing/Single Family – 0.8% (0.5% of Total Investments)
245		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

 

 

 

 

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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 November 30, 2011:

	Level 1	Level 2	Level 3	Total
Investments:
Municipal Bonds	$ —	$47,797,923	$71,160	$47,869,083

 

 

 

The following is a reconciliation of the Fund’s Level 3 investments held at the beginning and end of the measurement period:

	Level 3
	Municipal Bonds
Balance at the beginning of period	$73,000
Gains (losses):
Net realized gains (losses)	—
Net change in unrealized appreciation (depreciation)	(1,840)
Purchases at cost	—
Sales at proceeds	—
Net discounts (premiums)	—
Transfers in to	—
Transfers out of	—
Balance at the end of period	$71,160

 

During the period ended November 30, 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 November 30, 2011, the cost of investments was $46,027,864.

 

Gross unrealized appreciation and gross unrealized depreciation of investments at November 30, 2011, were as follows:

Gross unrealized:
Appreciation	$ 2,302,653
Depreciation	(461,434)
Net unrealized appreciation (depreciation) of investments	$1,841,219

 

 

(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 Investors 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)		Investment, or portion of investment, has been pledged to collateralize the net payment obligations
		for investments in inverse floating rate transactions.
(5)		For fair value measurement disclosure purposes, investment categorized as Level 3.

(6)		At or subsequent to the end of the reporting period, this security is non-income producing. Non-income
		producing security, in the case of a bond, generally denotes that the issuer has (1) defaulted on the
		payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the
		Fund’s Adviser has concluded that the issue is not likely to meet its future interest payment obligations
		and has directed the Fund’s custodian to cease accruing additional income on the Fund’s records.
(7)		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. Certain bonds backed by U.S. Government or
		agency securities are regarded as having an implied rating equal to the rating of such securities.
(8)		MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 38.6%.
N/R		Not rated.
WI/DD		Purchased on a when-issued or delayed delivery basis.
(IF)		Inverse floating rate investment.

   

 

 

 

 

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Item 2. Controls and Procedures.

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.

 

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.

 

 

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)   Nuveen Ohio Dividend Advantage Municipal Fund 3 

 

By (Signature and Title)     /s/ Kevin J. McCarthy                    

                                                   Kevin J. McCarthy

                                                   Vice President and Secretary

 

Date          January 27, 2012        

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)     /s/ Gifford R. Zimmerman                    

                                                    Gifford R. Zimmerman

                                                  Chief Administrative Officer (principal executive officer) 

 

Date          January 27, 2012        

 

By (Signature and Title)     /s/ Stephen D. Foy                              

                                                   Stephen D. Foy

                                                  Vice President and Controller (principal financial officer) 

 

Date          January 27, 2012