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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Nuveen Florida Investment Quality Municipal Fund | NYSE:NQF | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.61 | 0.00 | 00:00:00 |
Investment Company Act file number 811-6266
Nuveen Florida Investment Quality Municipal Fund
(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: 4/30
Date of reporting period: 7/31/09
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.
Item 1. Schedule of Investments
Portfolio of Investments (Unaudited) | ||||
Nuveen Florida Investment Quality Municipal Fund (NQF) | ||||
July 31, 2009 | ||||
Principal | Optional Call | |||
Amount (000) | Description (1) | Provisions (2) | Ratings (3) | Value |
Consumer Staples – 1.6% (1.1% of Total Investments) | ||||
$ 5,000 | Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds, | 5/12 at 100.00 | BBB | $ 3,587,850 |
Series 2002, 5.500%, 5/15/39 | ||||
Education and Civic Organizations – 1.1% (0.7% of Total Investments) | ||||
2,000 | Broward County Educational Facilities Authority, Florida, Revenue Bonds, Nova Southeastern | 4/14 at 100.00 | BBB | 1,843,640 |
University, Series 2004B, 5.625%, 4/01/34 | ||||
575 | Osceola County Industrial Development Authority, Florida, Industrial Development Revenue | 8/11 at 101.00 | A | 504,873 |
Bonds, P.M. Wells Charter School Project, Series 2001A, 5.000%, 8/01/23 – MBIA Insured | ||||
2,575 | Total Education and Civic Organizations | 2,348,513 | ||
Energy – 0.3% (0.2% of Total Investments) | ||||
900 | Virgin Islands Public Finance Authority, Revenue Bonds, Refinery Project Hovensa LLC, Series | 1/15 at 100.00 | BBB | 744,957 |
2007, 4.700%, 7/01/22 (Alternative Minimum Tax) | ||||
Health Care – 12.6% (8.3% of Total Investments) | ||||
Halifax Hospital Medical Center, Florida, Revenue Bonds, Series 2006: | ||||
1,000 | 5.250%, 6/01/26 | 6/16 at 100.00 | A– | 885,270 |
3,625 | 5.000%, 6/01/38 | 6/16 at 100.00 | A– | 2,853,926 |
3,075 | 5.500%, 6/01/38 – FSA Insured | 6/18 at 100.00 | AAA | 2,971,311 |
875 | 5.375%, 6/01/46 | 6/16 at 100.00 | A– | 706,773 |
Hillsborough County Industrial Development Authority, Florida, Hospital Revenue Bonds, Tampa | ||||
General Hospital, Series 2003B: | ||||
1,000 | 5.250%, 10/01/28 | 10/13 at 100.00 | A3 | 865,020 |
2,330 | 5.250%, 10/01/34 | 10/13 at 100.00 | A3 | 1,906,989 |
1,185 | Hillsborough County Industrial Development Authority, Florida, Hospital Revenue Bonds, Tampa | 10/16 at 100.00 | A3 | 932,228 |
General Hospital, Series 2006, 5.250%, 10/01/41 | ||||
3,235 | Lakeland, Florida, Hospital System Revenue Bonds, Lakeland Regional Medical Center, Series | 11/16 at 100.00 | A2 | 2,838,907 |
2006, 5.000%, 11/15/26 | ||||
2,000 | Lee Memorial Health System, Florida, Hospital Revenue Bonds, Series 2007A, 5.000%, 4/01/32 – | 4/17 at 100.00 | A | 1,771,860 |
MBIA Insured | ||||
2,345 | Leesburg, Florida, Hospital Revenue Bonds, Leesburg Regional Medical Center Project, Series | 7/12 at 100.00 | BBB+ | 2,128,088 |
2002, 5.375%, 7/01/22 | ||||
3,750 | Marion County Hospital District, Florida, Revenue Bonds, Munroe Regional Medical Center, | 10/17 at 100.00 | A3 | 2,832,113 |
Series 2007, 5.000%, 10/01/34 | ||||
Palm Beach County Health Facilities Authority, Florida, Hospital Revenue Refunding Bonds, BRCH | ||||
Corporation Obligated Group, Series 2001: | ||||
3,410 | 5.500%, 12/01/21 | 12/11 at 101.00 | BBB– | 2,870,674 |
5,340 | 5.625%, 12/01/31 | 12/11 at 101.00 | BBB– | 4,085,474 |
33,170 | Total Health Care | 27,648,633 | ||
Housing/Multifamily – 0.4% (0.3% of Total Investments) | ||||
925 | Broward County Housing Finance Authority, Florida, Multifamily Housing Revenue Bonds, Emerald | 5/10 at 101.00 | Aaa | 936,276 |
Palms Apartments, Series 2001A, 5.600%, 7/01/21 (Alternative Minimum Tax) | ||||
Housing/Single Family – 0.8% (0.5% of Total Investments) | ||||
305 | Florida Housing Finance Agency, Homeowner Mortgage Revenue Bonds, New Money and Refunding | 1/10 at 100.00 | AA+ | 305,189 |
Issue, Series 1996-2, 6.350%, 7/01/28 (Alternative Minimum Tax) | ||||
720 | Florida Housing Finance Agency, Homeowner Mortgage Revenue Bonds, Series 1997-2, 5.900%, | 1/10 at 100.00 | AA+ | 726,156 |
7/01/29 – MBIA Insured (Alternative Minimum Tax) | ||||
855 | Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Series 2006-6, 4.625%, | 1/16 at 100.00 | AA+ | 763,361 |
7/01/31 (Alternative Minimum Tax) | ||||
1,880 | Total Housing/Single Family | 1,794,706 | ||
Long-Term Care – 1.0% (0.7% of Total Investments) | ||||
St. John’s County Industrial Development Authority, Florida, First Mortgage Revenue Bonds, | ||||
Presbyterian Retirement Communities, Series 2004A: | ||||
1,125 | 5.850%, 8/01/24 | 8/14 at 101.00 | N/R | 998,865 |
1,565 | 5.625%, 8/01/34 | 8/14 at 101.00 | N/R | 1,222,030 |
2,690 | Total Long-Term Care | 2,220,895 | ||
Tax Obligation/General – 10.6% (7.0% of Total Investments) | ||||
185 | Florida State Board of Education, Full Faith and Credit Public Education Capital Outlay Bonds, | 6/12 at 101.00 | AAA | 194,137 |
Series 2002F, 5.000%, 6/01/22 – MBIA Insured | ||||
9,230 | Florida State Board of Education, Full Faith and Credit, Public Education Capital Outlay | 6/11 at 101.00 | AAA | 9,298,209 |
Bonds, Series 2001C, 5.125%, 6/01/31 – FGIC Insured | ||||
8,000 | Florida State Board of Education, Full Faith and Credit, Public Education Capital Outlay | 6/12 at 100.00 | AAA | 8,663,440 |
Refunding Bonds, Series 2002D, 5.375%, 6/01/16 | ||||
2,500 | Florida State Board of Education, Public Education Capital Outlay Bonds, Series 2009B, | 6/18 at 101.00 | AAA | 2,522,075 |
5.000%, 6/01/34 | ||||
2,400 | Miami-Dade County, Florida, General Obligation Bonds, Build Better Communities Program, Series | 7/18 at 100.00 | AA– | 2,410,728 |
2009-B1, 5.625%, 7/01/38 | ||||
22,315 | Total Tax Obligation/General | 23,088,589 | ||
Tax Obligation/Limited – 47.1% (31.0% of Total Investments) | ||||
1,665 | Collier County, Florida, Capital Improvement Revenue Bonds, Series 2005, 5.000%, 10/01/23 – | 10/14 at 100.00 | AA | 1,701,364 |
MBIA Insured | ||||
230 | Flagler County, Florida, Capital Improvement Revenue Bonds, Series 2005, 5.000%, 10/01/30 – | 10/15 at 100.00 | A | 220,701 |
MBIA Insured | ||||
1,280 | Florida Intergovernmental Finance Commission, Capital Revenue Bonds, Daytona Beach Community | 8/11 at 100.00 | A2 | 1,317,850 |
Redevelopment Agency, Series 2001C-1, 5.000%, 2/01/20 – AMBAC Insured | ||||
1,685 | Florida Municipal Loan Council, Revenue Bonds, Series 2003A, 5.000%, 5/01/22 – MBIA Insured | 5/13 at 100.00 | A | 1,663,466 |
5,000 | Florida Ports Financing Commission, Revenue Bonds, State Transportation Trust Fund, Series | 12/09 at 100.00 | A | 4,765,350 |
1996, 5.375%, 6/01/27 – MBIA Insured (Alternative Minimum Tax) | ||||
2,980 | Florida State Department of Management Services, Certificates of Participation, Series 2006A, | 8/15 at 101.00 | AA+ | 3,032,806 |
5.000%, 8/01/23 – MBIA Insured | ||||
5,000 | Hernando County, Florida, Revenue Bonds, Criminal Justice Complex Financing Program, Series | No Opt. Call | A | 6,203,950 |
1986, 7.650%, 7/01/16 – FGIC Insured | ||||
1,535 | Hillsborough County, Florida, Community Investment Tax Revenue Bonds, Series 2004, 5.000%, | 11/13 at 101.00 | AA+ | 1,552,745 |
5/01/24 – AMBAC Insured | ||||
2,170 | Hillsborough County, Florida, Revenue Refunding Bonds, Tampa Bay Arena, Series 2005, 5.000%, | 10/15 at 100.00 | AA+ | 2,235,035 |
10/01/25 – FGIC Insured | ||||
4,990 | Jacksonville, Florida, Better Jacksonville Sales Tax Revenue Bonds, Series 2003, 5.250%, | 10/13 at 100.00 | AA– | 5,164,351 |
10/01/21 – MBIA Insured | ||||
2,000 | Jacksonville, Florida, Guaranteed Entitlement Revenue Refunding and Improvement Bonds, Series | 10/12 at 100.00 | A+ | 2,022,200 |
2002, 5.000%, 10/01/22 – FGIC Insured | ||||
3,000 | Miami-Dade County School Board, Florida, Certificates of Participation, Series 2006B, 5.000%, | 11/16 at 100.00 | A | 2,779,560 |
11/01/31 – AMBAC Insured | ||||
1,950 | Miami-Dade County, Florida, Beacon Tradeport Community Development District, Special | 5/12 at 102.00 | BBB– | 1,843,745 |
Assessment Bonds, Commercial Project, Series 2002A, 5.250%, 5/01/16 – RAAI Insured | ||||
10,900 | Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Series 2008, 5.000%, | 7/18 at 100.00 | AAA | 10,621,395 |
7/01/35 – FSA Insured | ||||
Orlando Community Redevelopment Agency, Florida, Tax Increment Revenue Bonds, Republic | ||||
Drive-Universal Boulevard – I-4 Interchange Project, Series 2002: | ||||
1,495 | 5.125%, 4/01/20 – AMBAC Insured | 4/12 at 100.00 | N/R | 1,504,703 |
1,225 | 5.125%, 4/01/21 – AMBAC Insured | 4/12 at 100.00 | N/R | 1,228,393 |
Osceola County, Florida, Transportation Revenue Bonds, Osceola Parkway, Series 2004: | ||||
3,745 | 5.000%, 4/01/22 – MBIA Insured | 4/14 at 100.00 | A3 | 3,795,745 |
2,000 | 5.000%, 4/01/23 – MBIA Insured | 4/14 at 100.00 | A3 | 2,020,820 |
6,090 | Palm Beach County School Board, Florida, Certificates of Participation, Drivers Trust 2089, | 8/16 at 100.00 | AAA | 6,270,150 |
13.121%, 8/01/31 – FSA Insured (IF) | ||||
3,000 | Palm Beach County School Board, Florida, Certificates of Participation, Series 2007E, 5.000%, | 8/17 at 100.00 | AA– | 3,003,930 |
8/01/27 – MBIA Insured | ||||
4,490 | Palm Beach County, Florida, Public Improvement Revenue Bonds, Biomedical Research Park | 6/15 at 100.00 | AA+ | 4,498,711 |
Project, Series 2005A, 5.000%, 6/01/25 – AMBAC Insured | ||||
2,500 | Polk County School District, Florida, Sales Tax Revenue Bonds, Series 2004, 5.250%, 10/01/18 – | 10/14 at 100.00 | AAA | 2,733,450 |
FSA Insured | ||||
1,000 | Port Saint Lucie. Florida, Special Assessment Revenue Bonds, Southwest Annexation District 1B, | 7/17 at 100.00 | A | 819,150 |
Series 2007, 5.000%, 7/01/33 – MBIA Insured | ||||
820 | Rivercrest Community Development District, Florida, Special Assessment Bonds, Series 2007, | 5/18 at 100.00 | A– | 722,453 |
5.000%, 5/01/30 – RAAI Insured | ||||
2,750 | Saint Johns County, Florida, Transportation Improvement Revenue Bonds, Series 2003, 5.000%, | 10/13 at 100.00 | A1 | 2,730,530 |
10/01/23 – AMBAC Insured | ||||
3,000 | School Board of Duval County, Florida, Certificates of Participation, Master Lease Program, | 7/17 at 100.00 | Aa3 | 2,906,310 |
Series 2008, 5.000%, 7/01/33 – FSA Insured | ||||
625 | Sonoma Bay Community Development District, Florida, Special Assessment Bonds, Series 2005A, | 5/15 at 100.00 | N/R | 428,488 |
5.450%, 5/01/36 | ||||
7,500 | South Florida Water Management District, Certificates of Participation, Series 2006, Trust | 10/16 at 100.00 | AA+ | 6,855,225 |
1036, 8.732%, 10/01/36 – AMBAC Insured (IF) | ||||
5,000 | South Florida Water Management District, Certificates of Participation, Series 2006, 5.000%, | 10/16 at 100.00 | AA+ | 4,784,950 |
10/01/36 – AMBAC Insured | ||||
Tampa Sports Authority, Hillsborough County, Florida, Sales Tax Payments Special Purpose | ||||
Bonds, Stadium Project, Series 1995: | ||||
1,250 | 5.750%, 10/01/20 – MBIA Insured | No Opt. Call | A | 1,271,013 |
2,785 | 5.750%, 10/01/25 – MBIA Insured | No Opt. Call | A | 2,811,068 |
8,605 | Volusia County School Board, Florida, Sales Tax Revenue Bonds, Series 2002, 5.375%, 10/01/15 – | 10/12 at 100.00 | AAA | 9,421,355 |
FSA Insured | ||||
102,265 | Total Tax Obligation/Limited | 102,930,962 | ||
Transportation – 23.0% (15.2% of Total Investments) | ||||
8,900 | Broward County, Florida, Airport System Revenue Bonds, Series 2001-J1, 5.250%, 10/01/26 – | 10/11 at 101.00 | Aa3 | 8,399,286 |
AMBAC Insured (Alternative Minimum Tax) | ||||
2,150 | Broward County, Florida, Airport System Revenue Bonds, Series 2004L, 5.000%, 10/01/23 – | 10/14 at 100.00 | Aa3 | 2,179,154 |
AMBAC Insured | ||||
6,000 | Florida State Turnpike Authority, Turnpike Revenue Bonds, Department of Transportation, Series | 7/13 at 101.00 | Aa2 | 5,909,220 |
2003C, 5.000%, 7/01/33 | ||||
12,000 | Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Series 1999A, | 10/09 at 101.00 | Aa3 | 10,991,399 |
5.125%, 10/01/28 – FGIC Insured (Alternative Minimum Tax) | ||||
4,000 | Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Series 2002B, | 10/12 at 100.00 | AAA | 3,933,280 |
5.125%, 10/01/21 – FSA Insured (Alternative Minimum Tax) | ||||
2,500 | Lee County, Florida, Airport Revenue Bonds, Series 2006, 5.000%, 10/01/33 – FSA Insured | 10/15 at 100.00 | AAA | 2,479,050 |
1,750 | Miami-Dade County Industrial Development Authority, Florida, Industrial Development Revenue | 10/09 at 101.00 | N/R | 1,756,055 |
Bonds, Airis Miami II LLC – Miami International Airport, Series 1999, 6.000%, 10/15/25 – AMBAC | ||||
Insured (Alternative Minimum Tax) | ||||
5,390 | Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2002, | 10/12 at 100.00 | A | 5,439,426 |
5.750%, 10/01/18 – FGIC Insured (Alternative Minimum Tax) | ||||
1,325 | Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2005A, | 10/15 at 100.00 | A | 1,078,219 |
5.000%, 10/01/38 – CIFG Insured (Alternative Minimum Tax) | ||||
2,500 | Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2009A, | 10/19 at 100.00 | A2 | 2,440,850 |
5.500%, 10/01/41 | ||||
5,360 | Tampa-Hillsborough County Expressway Authority, Florida, Revenue Bonds, Series 2005, 5.000%, | 7/15 at 101.00 | A– | 5,621,461 |
7/01/16 – AMBAC Insured | ||||
51,875 | Total Transportation | 50,227,400 | ||
U.S. Guaranteed – 27.8% (18.3% of Total Investments) (4) | ||||
11,800 | Escambia County Health Facilities Authority, Florida, Revenue Bonds, Ascension Health Credit | 11/09 at 101.00 | AAA | 12,112,106 |
Group, Series 1999A-2, 6.000%, 11/15/31 (Pre-refunded 11/15/09) | ||||
4,600 | Highlands County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist | 11/11 at 101.00 | N/R (4) | 5,162,396 |
Health System/Sunbelt Obligated Group, Series 2001A, 6.000%, 11/15/31 (Pre-refunded 11/15/11) | ||||
Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of | ||||
Miami, Series 2004A: | ||||
2,290 | 5.000%, 4/01/19 (Pre-refunded 4/01/14) – AMBAC Insured | 4/14 at 100.00 | N/R (4) | 2,618,752 |
3,305 | 5.000%, 4/01/22 (Pre-refunded 4/01/14) – AMBAC Insured | 4/14 at 100.00 | N/R (4) | 3,779,466 |
3,000 | Miami-Dade County Health Facility Authority, Florida, Hospital Revenue Refunding Bonds, Miami | 8/11 at 101.00 | AAA | 3,275,070 |
Children’s Hospital, Series 2001A, 5.125%, 8/15/26 (Pre-refunded 8/15/11) – AMBAC Insured | ||||
1,175 | Naples, Florida, Water and Sewer Revenue Bonds, Series 2002, 5.000%, 9/01/14 | 9/12 at 100.00 | Aa2 (4) | 1,318,679 |
(Pre-refunded 9/01/12) | ||||
North Broward Hospital District, Florida, Revenue and Improvement Bonds, Series 2001: | ||||
5,450 | 6.000%, 1/15/31 (Pre-refunded 1/15/11) | 1/11 at 101.00 | A (4) | 5,884,256 |
550 | 6.000%, 1/15/31 (Pre-refunded 1/15/11) | 1/11 at 101.00 | A (4) | 593,824 |
6,000 | Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist Health | 11/10 at 101.00 | A1 (4) | 6,506,760 |
System/Sunbelt Obligated Group, Series 2000, 6.500%, 11/15/30 (Pre-refunded 11/15/10) | ||||
3,695 | Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando Regional | 12/12 at 100.00 | AAA | 4,261,702 |
Healthcare System, Series 2002, 5.750%, 12/01/27 (Pre-refunded 12/01/12) | ||||
4,295 | Orlando Utilities Commission, Florida, Water and Electric Revenue Refunding Bonds, Series | 10/12 at 100.00 | Aa1 (4) | 4,857,473 |
2002C, 5.250%, 10/01/18 (Pre-refunded 10/01/12) | ||||
3,570 | Seminole County, Florida, Water and Sewer Revenue Refunding and Improvement Bonds, Series | No Opt. Call | AAA | 4,294,210 |
1992, 6.000%, 10/01/19 – MBIA Insured (ETM) | ||||
5,375 | South Broward Hospital District, Florida, Hospital Revenue Bonds, Series 2002, 5.625%, 5/01/32 | 5/12 at 101.00 | Aa3 (4) | 6,048,864 |
(Pre-refunded 5/01/12) | ||||
55,105 | Total U.S. Guaranteed | 60,713,558 | ||
Utilities – 9.1% (6.0% of Total Investments) | ||||
4,330 | Hillsborough County Industrial Development Authority, Florida, Pollution Control Revenue | 10/12 at 100.00 | Baa1 | 4,444,182 |
Bonds, Tampa Electric Company Project, Series 2002, 5.100%, 10/01/13 | ||||
1,050 | Jacksonville Beach, Florida, Utility Revenue Refunding Bonds, Series 2002, 5.000%, 4/01/17 – | 10/10 at 100.00 | A1 | 1,087,727 |
AMBAC Insured | ||||
4,250 | Lakeland, Florida, Energy System Revenue Refunding Bonds, Series 1999C, 6.050%, 10/01/11 – | No Opt. Call | AAA | 4,640,193 |
FGIC Insured | ||||
2,000 | Orlando Utilities Commission, Florida, Water and Electric Revenue Bonds, Series 2009A-1, | 4/19 at 100.00 | Aa1 | 2,019,480 |
5.250%, 10/01/39 | ||||
5,000 | Orlando Utilities Commission, Florida, Water and Electric Revenue Refunding Bonds, Series | No Opt. Call | Aa1 | 5,298,450 |
1992, 6.000%, 10/01/10 | ||||
2,500 | Tallahassee, Florida, Energy System Revenue Bonds, Series 2005, 5.000%, 10/01/35 – MBIA Insured | 10/15 at 100.00 | AA- | 2,446,250 |
19,130 | Total Utilities | 19,936,282 | ||
Water and Sewer – 16.2% (10.7% of Total Investments) | ||||
2,000 | Broward County, Florida, Water and Sewer System Revenue Bonds, Series 2009A, 5.250%, 10/01/34 | 10/18 at 100.00 | AA | 2,023,800 |
3,010 | Cocoa, Florida, Water and Sewerage System Revenue Refunding Bonds, Series 2003, 5.500%, | No Opt. Call | AA– | 3,221,362 |
10/01/23 – AMBAC Insured | ||||
1,750 | Florida State Water Pollution Control Financing Corporation, Revolving Fund Revenue Bonds, | 1/19 at 100.00 | AAA | 1,781,640 |
Series 2009A, 5.000%, 1/15/29 | ||||
1,000 | Jacksonville, Florida, Water and Sewer Revenue Bonds, United Water Florida Project, Series | 8/09 at 100.00 | Baa1 | 999,970 |
1995, 6.350%, 8/01/25 – AMBAC Insured (Alternative Minimum Tax) | ||||
1,525 | Lee County, Florida, Water and Sewer Revenue Refunding Bonds, Series 2003A, 5.000%, 10/01/20 – | 10/13 at 100.00 | A2 | 1,532,869 |
MBIA Insured | ||||
3,300 | Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 1999A, 5.000%, | 10/09 at 101.00 | A+ | 3,311,187 |
10/01/29 – FGIC Insured | ||||
3,270 | Palm Beach County, Florida, Water and Sewer Revenue Bonds, Series 2006A, Trust 2622, 11.685%, | 10/16 at 100.00 | AAA | 3,284,192 |
10/01/36 (IF) | ||||
5,000 | Palm Beach County, Florida, Water and Sewer Revenue Bonds, Series 2008, 5.000%, 10/01/31 (UB) | 10/16 at 100.00 | AAA | 5,062,750 |
2,060 | Polk County, Florida, Utility System Revenue Bonds, Series 2003, 5.250%, 10/01/22 – | 10/13 at 100.00 | A2 | 2,082,083 |
FGIC Insured | ||||
2,780 | Riviera Beach, Palm Beach County, Florida, Water and Sewerage Revenue Bonds, Series 2004, | 10/14 at 100.00 | N/R | 2,552,179 |
5.000%, 10/01/24 – FGIC Insured | ||||
2,275 | Sarasota County, Florida, Utility System Revenue Bonds, Series 2005A, 5.000%, 10/01/27 – | 10/15 at 100.00 | AA+ | 2,303,733 |
FGIC Insured | ||||
1,680 | Seminole County, Florida, Water and Sewer Revenue Refunding and Improvement Bonds, Series | No Opt. Call | AA | 1,937,813 |
1992, 6.000%, 10/01/19 – MBIA Insured | ||||
3,000 | Tampa Ba, Florida, Regional Water Supply Authority Utility System Revenue Bonds, Series 2008, | 10/18 at 100.00 | AA+ | 3,016,230 |
5.000%, 10/01/34 | ||||
Winter Springs, Florida, Water and Sewer Revenue Refunding Bonds, Series 2001: | ||||
700 | 5.250%, 4/01/16 – MBIA Insured | 4/11 at 101.00 | A | 740,768 |
1,585 | 5.000%, 4/01/20 – MBIA Insured | 4/11 at 101.00 | AA– | 1,616,304 |
34,935 | Total Water and Sewer | 35,466,880 | ||
$ 332,765 | Total Investments (cost $331,697,830) – 151.6% | 331,645,501 | ||
Floating Rate Obligations – (1.5)% | (3,330,000) | |||
Other Assets Less Liabilities – 2.5% | 5,327,426 | |||
Preferred Shares, at Liquidation Value – (52.6)% (5) | (114,950,000) | |||
Net Assets Applicable to Common Shares – 100% | $ 218,692,927 |
Fair Value Measurements
In determining the value of the Fund’s investments various inputs are used. These inputs are 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 methodology 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 July 31, 2009:
Level 1 | Level 2 | Level 3 | Total | |
Investments: | ||||
Municipal Bonds | $ — | $331,645,501 | $ — | $331,645,501 |
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 transactions subject to Statement of Financial Accounting Standards No. 140 (SFAS No. 140), 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 July 31, 2009, the cost of investments was $328,118,747.
Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2009, were as follows:
Gross unrealized: | |
Appreciation | $ 12,097,924 |
Depreciation | (11,901,061) |
Net unrealized appreciation (depreciation) of investments | $ 196,863 |
(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 higher of Standard & Poor’s Group (“Standard & Poor’s”) or Moody’s Investor Service, |
Inc. (“Moody’s”) rating. Ratings below BBB by Standard & Poor’s or Baa by Moody’s are considered to be | |
below investment grade. | |
(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. Such investments are normally considered to | |
be equivalent to AAA rated securities. | |
(5) | Preferred Shares, at Liquidation Value as a percentage of Total Investments is 34.7%. |
N/R | Not rated. |
(ETM) | Escrowed to maturity. |
(IF) | Inverse floating rate investment. |
(UB) | Underlying bond of an inverse floating rate trust reflected as a financing transaction pursuant to the |
provisions of SFAS No. 140. |
Item 2. Controls and Procedures.
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.
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 Florida Investment Quality Municipal Fund
By (Signature and Title)
/s/ Kevin J.
McCarthy
Kevin
J.
McCarthy
Vice President and Secretary
Date September 29, 2009
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 September 29, 2009
By (Signature and Title)
/s/ Stephen D.
Foy
Stephen
D.
Foy
Vice President and Controller (principal financial officer)
Date September 29, 2009
1 Year Nuveen Fla Qual Chart |
1 Month Nuveen Fla Qual Chart |
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