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 811-6425

 

Nuveen California Quality Income Municipal Fund, Inc.

(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:          5/31/13         

 

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 California Quality Income Municipal Fund, Inc. (NUC)
		May 31, 2013
Principal			Optional Call
Amount (000)		Description (1)	Provisions (2)	Ratings (3)	Value
		Consumer Staples – 4.7% (3.1% of Total Investments)
$ 4,155		California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds,	6/13 at 100.00	BBB+	$ 4,269,096
		Alameda County Tobacco Asset Securitization Corporation, Series 2002, 5.750%, 6/01/29
525		California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma	6/15 at 100.00	BB+	513,676
		County Tobacco Securitization Corporation, Series 2005, 4.250%, 6/01/21
2,775		California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds,	8/13 at 100.00	Baa1	2,785,823
		Stanislaus County Tobacco Funding Corporation, Series 2002A, 5.500%, 6/01/33
6,065		California Statewide Financing Authority, Tobacco Settlement Asset-Backed Bonds, Pooled	8/13 at 100.00	BBB	6,008,110
		Tobacco Securitization Program, Series 2002A, 5.625%, 5/01/29
1,230		Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed	6/17 at 100.00	B	1,158,537
		Bonds, Series 2007A-1, 5.750%, 6/01/47
2,165		Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed	6/22 at 100.00	B	2,031,008
		Bonds, Series 2007A-2, 5.300%, 6/01/37
16,915		Total Consumer Staples			16,766,250
		Education and Civic Organizations – 6.9% (4.6% of Total Investments)
2,225		ABAG Finance Authority for Non-Profit Corporations, California, Revenue Bonds, The Jackson	7/22 at 100.00	A1	2,423,960
		Laboratory, Series 2012, 5.000%, 7/01/37
280		California Educational Facilities Authority, Revenue Bonds, University of Redlands, Series	10/15 at 100.00	A3	288,145
		2005A, 5.000%, 10/01/35
1,935		California Educational Facilities Authority, Revenue Bonds, University of Southern California,	10/18 at 100.00	Aa1	2,957,048
		Tender Option Bond Trust 09-11B, 18.149%, 10/01/38 (IF) (4)
		California Educational Facilities Authority, Revenue Bonds, University of the Pacific,
		Series 2006:
195		5.000%, 11/01/21	11/15 at 100.00	A2	210,089
260		5.000%, 11/01/25	11/15 at 100.00	A2	279,159
2,450		5.000%, 11/01/30	11/15 at 100.00	A2	2,622,407
2,500		California Municipal Finance Authority, Revenue Bonds, University of La Verne, Series 2010A,	6/20 at 100.00	BBB+	2,823,400
		6.250%, 6/01/40
4,640		California State Public Works Board, Lease Revenue Bonds, University of California Regents,	3/18 at 100.00	Aa2	5,495,987
		Tender Option Bond Trust 1065, 9.221%, 3/01/33 (IF)
4,000		California State Public Works Board, Lease Revenue Refunding Bonds, Community Colleges	9/13 at 100.00	A2	4,015,760
		Projects, Series 1996B, 5.625%, 3/01/19 – AMBAC Insured
1,225		California State Public Works Board, Revenue Bonds, University of California – Davis Medical	11/14 at 100.00	Aa2	1,302,114
		Center, Series 2004II-A, 5.000%, 11/01/23 – NPFG Insured
785		California Statewide Communities Development Authority, Charter School Revenue Bonds,	12/21 at 100.00	N/R	902,350
		Rocketship 4 – Mosaic Elementary Charter School, Series 2011A, 8.500%, 12/01/41
1,300		California Statewide Communities Development Authority, School Facility Revenue Bonds,	7/21 at 100.00	BBB–	1,455,480
		Alliance College-Ready Public Schools, Series 2011A, 7.000%, 7/01/46
21,795		Total Education and Civic Organizations			24,775,899
		Health Care – 33.3% (22.4% of Total Investments)
1,750		ABAG Finance Authority for Non-Profit Corporations, California, Cal-Mortgage Insured Revenue	8/13 at 100.00	A	1,756,108
		Bonds, Sansum-Santa Barbara Medical Foundation Clinic, Series 2002A, 5.500%, 4/01/21
1,380		California Health Facilities Financing Authority, Revenue Bonds, Rady Children’s Hospital –	8/21 at 100.00	A+	1,502,089
		San Diego, Series 2011, 5.250%, 8/15/41
3,000		California Health Facilities Financing Authority, Revenue Bonds, St. Joseph Health System,	7/19 at 100.00	AA–	3,500,190
		Series 2009A, 5.750%, 7/01/39
1,455		California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, Series 2007A,	11/16 at 100.00	AA–	1,534,894
		5.250%, 11/15/46
14,550		California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, Series 2007A,	11/16 at 100.00	AA–	15,348,941
		5.250%, 11/15/46 (UB)
2,015		California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Series	7/20 at 100.00	Baa2	2,196,189
		2010A, 5.750%, 7/01/40
		California Municipal Financing Authority, Certificates of Participation, Community Hospitals
		of Central California, Series 2007:
4,200		5.250%, 2/01/27	2/17 at 100.00	BBB	4,412,730
2,855		5.250%, 2/01/46	2/17 at 100.00	BBB	2,964,032
5,500		California Statewide Communities Development Authority, Revenue Bonds, Sutter Health, Series	8/20 at 100.00	AA–	6,559,795
		2011A, 6.000%, 8/15/42
3,400		California Statewide Communities Development Authority, Revenue Bonds, ValleyCare Health	7/17 at 100.00	N/R	3,349,510
		System, Series 2007A, 5.125%, 7/15/31
		California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity
		Health System, Series 2005A:
3,425		5.250%, 7/01/24	7/15 at 100.00	BBB–	3,625,739
1,500		5.250%, 7/01/30	7/15 at 100.00	BBB–	1,568,715
8,045		California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanante System,	3/16 at 100.00	A+	8,590,853
		Series 2006, 5.000%, 3/01/41
3,015		California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,	8/16 at 100.00	A+	3,324,460
		Series 2001C, 5.250%, 8/01/31
17,470		California Statewide Community Development Authority, Revenue Bonds, Sutter Health, Series	8/17 at 100.00	AA–	18,712,991
		2007C, 5.000%, 8/15/38 – AMBAC Insured (UB) (4)
1,571		California Statewide Communities Development Authority, Revenue Bonds, Saint Joseph Health	7/18 at 100.00	AA–	2,078,244
		System, Trust 2554, 18.368%, 7/01/47 – AGM Insured (IF)
		Loma Linda, California, Hospital Revenue Bonds, Loma Linda University Medical Center,
		Series 2005A:
3,000		5.000%, 12/01/22	12/15 at 100.00	BBB	3,058,470
1,000		5.000%, 12/01/23	12/15 at 100.00	BBB	1,015,180
3,025		Loma Linda, California, Hospital Revenue Bonds, Loma Linda University Medical Center, Series	12/17 at 100.00	BBB	3,469,887
		2008A, 8.250%, 12/01/38
2,000		Madera County, California, Certificates of Participation, Children’s Hospital Central	3/20 at 100.00	A+	2,171,240
		California, Series 2010, 5.375%, 3/15/36
4,000		Marysville, California, Revenue Bonds, The Fremont-Rideout Health Group, Series 2011,	1/21 at 100.00	A	4,328,240
		5.250%, 1/01/42
1,675		Newport Beach, California, Revenue Bonds, Hoag Memorial Hospital Presbyterian, Series 2011A,	12/21 at 100.00	AA	2,023,702
		6.000%, 12/01/40
1,000		Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009,	11/19 at 100.00	Baa3	1,115,600
		6.750%, 11/01/39
7,835		Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010,	11/20 at 100.00	Baa3	8,443,388
		6.000%, 11/01/41
4,000		Rancho Mirage Joint Powers Financing Authority, California, Revenue Bonds, Eisenhower Medical	7/17 at 100.00	Baa2	4,062,520
		Center, Series 2007A, 5.000%, 7/01/38
3,500		San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011,	12/21 at 100.00	BB	4,263,910
		7.500%, 12/01/41
4,275		Upland, California, Certificates of Participation, San Antonio Community Hospital, Series	1/21 at 100.00	A	5,036,848
		2011, 6.500%, 1/01/41
110,441		Total Health Care			120,014,465
		Housing/Multifamily – 1.6% (1.1% of Total Investments)
2,055		California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects	8/20 at 100.00	BBB	2,241,101
		Series 2010A, 6.400%, 8/15/45
640		California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects	8/22 at 100.00	BBB	678,842
		Series 2012A, 5.500%, 8/15/47
1,480		California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects	8/22 at 100.00	A1	1,556,309
		Series 2012B, 7.250%, 8/15/47
1,000		Independent Cities Lease Finance Authority, California, Revenue Bonds, Morgan Hill, Hacienda	11/14 at 100.00	N/R	1,013,430
		Valley Mobile Home Park, Series 2004A, 5.950%, 11/15/39
400		Yolo County Housing Authority, California, Revenue Refunding Bonds, Russell Park Apartments,	11/13 at 100.00	A3	401,844
		Series 1992A, 7.000%, 11/01/14
5,575		Total Housing/Multifamily			5,891,526
		Housing/Single Family – 5.3% (3.6% of Total Investments)
1,390		California Housing Finance Agency, California, Home Mortgage Revenue Bonds, Series 2007G,	2/17 at 100.00	BBB	1,372,750
		5.050%, 2/01/29 (Alternative Minimum Tax)
260		California Housing Finance Agency, Home Mortgage Revenue Bonds, Series 2006H, 5.750%, 8/01/30 –	2/16 at 100.00	BBB	272,007
		FGIC Insured (Alternative Minimum Tax)
17,700		California Housing Finance Agency, Home Mortgage Revenue Bonds, Series 2006M, 4.625%, 8/01/26	2/16 at 100.00	BBB	17,544,063
		(Alternative Minimum Tax)
19,350		Total Housing/Single Family			19,188,820
		Tax Obligation/General – 23.0% (15.4% of Total Investments)
10,000		Alvord Unified School District, Riverside County, California, General Obligation Bonds, 2007	No Opt. Call	AA–	2,364,000
		Election Series 2011B, 0.000%, 8/01/41 – AGM Insured
2,325		Baldwin Park Unified School District, Los Angeles County, California, General Obligation	8/16 at 50.16	A+	1,006,446
		Bonds, Election 2002 Series 2006, 0.000%, 8/01/30 – AMBAC Insured
16,000		California State, General Obligation Bonds, Various Purpose Series 2009, 6.000%, 11/01/39	11/19 at 100.00	A1	19,221,760
4,000		California State, General Obligation Bonds, Various Purpose Series 2010, 6.000%, 3/01/33	3/20 at 100.00	A1	4,893,640
4,340		California State, General Obligation Bonds, Various Purpose Series 2011, 5.000%, 9/01/41	9/21 at 100.00	A1	4,707,207
		California State, General Obligation Bonds, Various Purpose Series 2012:
3,000		5.250%, 2/01/28	2/22 at 100.00	A1	3,463,350
6,000		5.000%, 4/01/42	4/22 at 100.00	A1	6,528,660
25,000		Desert Community College District, Riverside County, California, General Obligation Bonds,	No Opt. Call	Aa2	4,349,000
		Election 2004 Series 2007C, 0.000%, 8/01/46 – AGM Insured
3,610		Hartnell Community College District, California, General Obligation Bonds, Series 2006B,	6/16 at 100.00	Aa2	3,954,683
		5.000%, 6/01/29 – AGM Insured (UB)
2,645		Long Beach Community College District, California, General Obligation Bonds, Series 2005B,	5/15 at 100.00	Aa2	2,805,737
		5.000%, 5/01/30 – FGIC Insured
11,800		New Haven Unified School District, Alameda County, California, General Obligation Bonds,	No Opt. Call	Aa3	5,834,864
		Series 2004A, 0.000%, 8/01/27 – NPFG Insured
1,500		Sacramento City Unified School District, Sacramento County, California, General Obligation	7/15 at 100.00	A1	1,608,090
		Bonds, Series 2005, 5.000%, 7/01/27 – NPFG Insured
515		San Joaquin Delta Community College District, California, General Obligation Bonds, Series	8/15 at 100.00	Aa2	535,713
		2005A, 5.000%, 8/01/29 – AGM Insured
2,000		Southwestern Community College District, San Diego County, California, General Obligation	8/21 at 100.00	Aa2	2,287,120
		Bonds, Election of 2008, Series 2011C, 5.250%, 8/01/36
41,725		Yosemite Community College District, California, General Obligation Bonds, Capital	No Opt. Call	Aa2	17,630,064
		Appreciation, Election 2004, Series 2010D, 0.000%, 8/01/42
1,400		Yuba Community College District, California, General Obligation Bonds, Election 2006 Series	8/21 at 100.00	Aa2	1,542,450
		2011C, 5.250%, 8/01/47
135,860		Total Tax Obligation/General			82,732,784
		Tax Obligation/Limited – 35.3% (23.7% of Total Investments)
1,655		Bell Community Housing Authority, California, Lease Revenue Bonds, Series 2005, 5.000%,	10/15 at 100.00	N/R	1,318,406
		10/01/36 – AMBAC Insured
1,200		Burbank Public Financing Authority, California, Revenue Bonds, West Olive Redevelopment	8/13 at 100.00	BBB+	1,201,092
		Project, Series 2002, 5.125%, 12/01/22 – AMBAC Insured
3,070		California State Public Works Board, Lease Revenue Bonds, Department of General Services,	8/13 at 100.00	A2	3,081,912
		Capital East End Project, Series 2002A, 5.250%, 12/01/16 – AMBAC Insured
2,030		California State Public Works Board, Lease Revenue Bonds, Department of General Services,	8/13 at 100.00	A2	2,037,004
		Series 2002C, 5.250%, 3/01/21 – AMBAC Insured
2,000		California State Public Works Board, Lease Revenue Bonds, Judicial Council of California, Yuba	6/23 at 100.00	A2	2,202,500
		City Courthouse, Series 2013D, 5.000%, 6/01/32
3,650		California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series	10/19 at 100.00	A2	4,196,515
		2009G-1, 5.750%, 10/01/30
5,000		California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series	No Opt. Call	A2	5,510,650
		2012G, 5.000%, 11/01/31
690		Capistrano Unified School District, Orange County, California, Special Tax Bonds, Community	9/15 at 100.00	A	709,755
		Facilities District, Series 2005, 5.000%, 9/01/24 – FGIC Insured
3,000		Coachella Valley Unified School District, Riverside County, California, Certificates of	9/16 at 100.00	N/R	3,041,970
		Participation, Series 2007, 5.000%, 9/01/31 – AMBAC Insured
		Commerce Community Development Commission, California, Tax Allocation Refunding Bonds, Merged
		Area Development Projects 2 and 3, Series 1998A:
880		5.650%, 8/01/18	8/13 at 100.00	N/R	881,162
2,765		5.700%, 8/01/28	8/13 at 100.00	N/R	2,765,415
1,500		Commerce Joint Power Financing Authority, California, Tax Allocation Bonds, Redevelopment	8/13 at 100.00	BBB	1,501,440
		Projects 2 and 3, Refunding Series 2003A, 5.000%, 8/01/28 – RAAI Insured
1,250		Coronado Community Development Agency, California, Tax Allocation Bonds, Community Development	9/15 at 100.00	AA–	1,332,388
		Project, Series 2005, 5.000%, 9/01/30 – AMBAC Insured
3,065		Corona-Norco Unified School District, Riverside County, California, Special Tax Bonds,	9/13 at 100.00	A	3,072,754
		Community Facilities District 98-1, Series 2003, 5.500%, 9/01/33 – NPFG Insured
1,085		Dinuba Redevelopment Agency, California, Tax Allocation Bonds, Merged City of Dinuba	9/13 at 100.00	A	1,086,096
		Redevelopment Project and Dinuba Redevelopment Project 2, As Amended, Refunding Series 2001,
		5.000%, 9/01/31 – NPFG Insured
5		Dinuba Redevelopment Agency, California, Tax Allocation Bonds, Merged City of Dinuba	9/13 at 102.00	A	5,042
		Redevelopment Project and Dinuba Redevelopment Project 2, As Amended, Series 2003, 5.000%,
		9/01/33 – NPFG Insured
1,490		Fontana Redevelopment Agency, California, Jurupa Hills Redevelopment Project, Tax Allocation	10/13 at 100.00	A–	1,495,677
		Refunding Bonds, 1997 Series A, 5.500%, 10/01/27
1,000		Fremont, California, Special Tax Bonds, Community Facilities District 1, Pacific Commons,	9/13 at 100.00	N/R	1,003,540
		Series 2005, 6.300%, 9/01/31
		Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
		Asset-Backed Revenue Bonds, Series 2005A:
8,435		5.000%, 6/01/35 – FGIC Insured	6/15 at 100.00	AA–	8,819,467
1,750		5.000%, 6/01/45 – AGC Insured	6/15 at 100.00	AA–	1,820,385
		Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
		Asset-Backed Revenue Bonds, Tender Option Bonds Trust 2215:
1,885		13.890%, 6/01/45 – FGIC Insured (IF)	6/15 at 100.00	A2	2,194,291
1,320		13.890%, 6/01/45 – FGIC Insured (IF)	6/15 at 100.00	A2	1,520,904
		Inglewood Redevelopment Agency, California, Tax Allocation Bonds, Merged Redevelopment
		Project, Subordinate Lien Series 2007A-1:
115		5.000%, 5/01/23 – AMBAC Insured	5/17 at 100.00	BB+	118,664
1,225		5.000%, 5/01/24 – AMBAC Insured	5/17 at 100.00	BB+	1,256,899
		Irvine Unified School District, California, Special Tax Bonds, Community Facilities District
		Series 2006A:
320		5.000%, 9/01/26	9/16 at 100.00	N/R	330,323
735		5.125%, 9/01/36	9/16 at 100.00	N/R	751,368
3,245		Los Angeles Community Redevelopment Agency, California, Lease Revenue Bonds, Manchester Social	9/15 at 100.00	A1	3,381,095
		Services Project, Series 2005, 5.000%, 9/01/37 – AMBAC Insured
1,350		Los Angeles Community Redevelopment Agency, California, Subordinate Lien Tax Allocation Bonds,	9/13 at 100.00	BBB–	1,356,467
		Bunker Hill Redevelopment Project, Series 2004L, 5.100%, 3/01/19
735		National City Community Development Commission, California, Tax Allocation Bonds, National	8/21 at 100.00	A–	910,004
		City Redevelopment Project, Series 2011, 6.500%, 8/01/24
275		Novato Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field Redevelopment	9/21 at 100.00	BBB+	318,665
		Project, Series 2011, 6.750%, 9/01/40
15,300		Ontario Redevelopment Financing Authority, San Bernardino County, California, Revenue	No Opt. Call	A	18,507,645
		Refunding Bonds, Redevelopment Project 1, Series 1995, 7.400%, 8/01/25 – NPFG Insured
2,000		Palm Springs Financing Authority, California, Lease Revenue Bonds, Convention Center Project,	11/14 at 102.00	A	2,077,120
		Refunding Series 2004A, 5.500%, 11/01/35 – NPFG Insured
1,170		Panama-Buena Vista Union School District, California, Certificates of Participation, School	9/16 at 100.00	A	1,242,821
		Construction Project, Series 2006, 5.000%, 9/01/24 – NPFG Insured
		Perris Union High School District Financing Authority, Riverside County, California, Revenue
		Bonds, Series 2011:
255		6.000%, 9/01/33	9/13 at 100.00	N/R	263,316
555		6.125%, 9/01/41	9/13 at 100.00	N/R	572,927
2,240		Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community	9/18 at 100.00	BBB–	2,430,870
		Development Project, Refunding Series 2008A, 6.500%, 9/01/28
885		Rancho Santa Fe CSD Financing Authority, California, Revenue Bonds, Superior Lien Series	9/21 at 100.00	BBB+	1,010,219
		2011A, 5.750%, 9/01/30
		Redding Redevelopment Agency, California, Tax Allocation Bonds, Canby-Hilltop-Cypress Area
		Project, Series 2003A:
1,500		5.000%, 9/01/17 – NPFG Insured	9/13 at 100.00	A	1,516,530
1,500		5.000%, 9/01/20 – NPFG Insured	9/13 at 100.00	A	1,515,345
600		Rialto Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series	9/15 at 100.00	A–	602,166
		2005A, 5.000%, 9/01/35 – SYNCORA GTY Insured
4,320		Richmond Joint Powers Financing Authority, California, Tax Allocation Bonds, Series 2003A,	9/13 at 100.00	A	4,362,466
		5.250%, 9/01/22 – NPFG Insured
3,375		Riverside County Redevelopment Agency, California, Interstate 215 Corridor Redevelopment	10/20 at 100.00	A–	3,763,395
		Project Area Tax Allocation Bonds, Series 2010E, 6.500%, 10/01/40
160		Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project	10/21 at 100.00	A–	181,664
		Area, Series 2011B, 6.500%, 10/01/25
1,415		Rohnert Park Community Development Commission, California, Redevelopment Project Tax	8/17 at 100.00	A	1,423,094
		Allocation Bonds, Series 2007R, 5.000%, 8/01/37 – FGIC Insured
745		Roseville, California, Certificates of Participation, Public Facilities, Series 2003A, 5.000%,	8/13 at 100.00	AA–	749,418
		8/01/25 – AMBAC Insured
8,625		Sacramento City Financing Authority, California, Capital Improvement Revenue Bonds, 300	12/16 at 100.00	A	8,865,810
		Richards Boulevard Building Acquistion, Series 2006C, 5.000%, 12/01/36 – AMBAC Insured
3,000		San Diego County, California, Certificates of Participation, Burnham Institute, Series 2006,	9/15 at 102.00	Baa2	3,072,390
		5.000%, 9/01/34
130		San Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds,	2/21 at 100.00	A–	154,103
		Mission Bay North Redevelopment Project, Series 2011C, 6.750%, 8/01/41
		San Francisco Redevelopment Financing Authority, California, Tax Allocation Revenue Bonds,
		Mission Bay South Redevelopment Project, Series 2011D:
130		7.000%, 8/01/33	2/21 at 100.00	BBB	151,178
160		7.000%, 8/01/41	2/21 at 100.00	BBB	183,446
2,500		San Jose Financing Authority, California, Lease Revenue Refunding Bonds, Convention Center	9/13 at 100.00	AA	2,509,800
		Project, Series 2001F, 5.000%, 9/01/20 – NPFG Insured
875		San Jose Redevelopment Agency, California, Housing Set-Aside Tax Allocation Bonds, Merged Area	8/20 at 100.00	A	952,621
		Redevelopment Project, Series 2010A-1, 5.500%, 8/01/35
1,260		San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment	8/13 at 100.00	A	1,260,151
		Project, Series 2003, 4.900%, 8/01/33 – FGIC Insured
700		San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment	8/14 at 100.00	A	701,176
		Project, Series 2004A, 4.440%, 8/01/17 – NPFG Insured
1,195		San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment	8/17 at 100.00	A	1,233,431
		Project, Series 2006C, 5.000%, 8/01/25 – NPFG Insured
2,770		Santa Ana Community Redevelopment Agency, Orange County, California, Tax Allocation Refunding	9/13 at 100.00	A	2,783,490
		Bonds, South Main Street Redevelopment, Series 2003B, 5.000%, 9/01/19 – FGIC Insured
215		Signal Hill Redevelopment Agency, California, Project 1 Tax Allocation Bonds, Series 2011,	4/21 at 100.00	N/R	238,308
		7.000%, 10/01/26
1,250		Solana Beach School District Public Financing Authority, California, Special Tax Revenue Bonds,	9/22 at 100.00	BBB	1,269,800
		Series 2012, 5.000%, 9/01/42
1,310		Temecula Redevelopment Agency, California, Redevelopment Project 1 Tax Allocation Housing	8/21 at 100.00	A	1,607,553
		Bonds Series 2011A, 7.000%, 8/01/39
2,090		Washington Unified School District, Yolo County, California, Certificates of Participation,	8/17 at 100.00	A	2,197,740
		Series 2007, 5.125%, 8/01/37 – AMBAC Insured
375		Yorba Linda Redevelopment Agency, Orange County, California, Tax Allocation Revenue Bonds,	9/21 at 100.00	A–	449,186
		Yorba Linda Redevelopment Project, Subordinate Lien Series 2011A, 6.500%, 9/01/32
119,330		Total Tax Obligation/Limited			127,071,029
		Transportation – 4.0% (2.7% of Total Investments)
970		Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series	4/18 at 100.00	AA	1,330,704
		2008, Trust 3211, 13.528%, 10/01/32 (IF)
11,000		Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Refunding	1/14 at 101.00	BBB–	11,217,250
		Bonds, Series 1999, 5.875%, 1/15/29
2,000		Orange County Transportation Authority, California, Toll Road Revenue Bonds, 91 Express Lanes	8/13 at 100.00	A1	2,016,400
		Project, Series 2003A, 5.000%, 8/15/20 – AMBAC Insured
13,970		Total Transportation			14,564,354
		U.S. Guaranteed – 19.0% (12.8% of Total Investments) (5)
3,950		Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series	4/16 at 100.00	AA (5)	4,447,029
		2006F, 5.000%, 4/01/31 (Pre-refunded 4/01/16) (UB)
6,960		California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, North	7/13 at 100.00	Aaa	7,717,039
		County Recycling Center, Series 1991A, 6.750%, 7/01/17 (ETM)
5,115		California State Public Works Board, Lease Revenue Bonds, Department of Mental Health,	6/14 at 100.00	AA+ (5)	5,383,640
		Coalinga State Hospital, Series 2004A, 5.500%, 6/01/20 (Pre-refunded 6/01/14)
1,110		California State, Economic Recovery Revenue Bonds, Series 2004A, 5.000%, 7/01/15	7/14 at 100.00	Aaa	1,167,065
		(Pre-refunded 7/01/14)
2,500		California State, General Obligation Bonds, Series 2004, 5.125%, 2/01/27 (Pre-refunded 2/01/14)	2/14 at 100.00	AAA	2,581,775
1,515		California Statewide Community Development Authority, Water and Wastewater Revenue Bonds,	10/13 at 101.00	AA– (5)	1,555,844
		Pooled Financing Program, Series 2004A, 5.250%, 10/01/24 (Pre-refunded 10/01/13) – AGM Insured
4,440		Coast Community College District, Orange County, California, General Obligation Refunding	8/13 at 100.00	AA– (5)	4,475,298
		Bonds, Series 2003A, 5.000%, 8/01/22 (Pre-refunded 8/01/13) – NPFG Insured
1,615		Compton Unified School District, Los Angeles County, California, General Obligation Bonds,	9/13 at 100.00	A (5)	1,635,834
		Series 2003A, 5.375%, 9/01/19 (Pre-refunded 9/01/13) – NPFG Insured
12,805		Contra Costa County, California, GNMA Mortgage-Backed Securities Program Home Mortgage Revenue	No Opt. Call	Aaa	17,144,358
		Bonds, Series 1988, 8.250%, 6/01/21 (Alternative Minimum Tax) (ETM)
3,000		Daly City Housing Development Finance Agency, California, Mobile Home Park Revenue Bonds,	12/13 at 102.00	A (5)	3,150,930
		Franciscan Mobile Home Park Project, Series 2002A, 5.850%, 12/15/32 (Pre-refunded 12/15/13)
		Goleta Water District, California, Certificates of Participation Revenue Bonds, Series 2003:
520		5.250%, 12/01/20 (Pre-refunded 12/01/13)	12/13 at 100.00	A (5)	533,104
745		5.250%, 12/01/21 (Pre-refunded 12/01/13)	12/13 at 100.00	A (5)	763,774
2,375		Moreno Valley Unified School District, Riverside County, California, General Obligation Bonds,	8/14 at 100.00	AA– (5)	2,514,056
		Series 2004A, 5.250%, 8/01/24 (Pre-refunded 8/01/14) – AGM Insured
585		Rohnert Park Community Development Commission, California, Redevelopment Project Tax	8/17 at 100.00	A (5)	651,930
		Allocation Bonds, Series 2007R, 5.000%, 8/01/37 – FGIC Insured (ETM)
565		Roseville Joint Union High School District, Placer County, California, General Obligation	8/15 at 100.00	AA (5)	621,201
		Bonds, Series 2006B, 5.000%, 8/01/27 (Pre-refunded 8/01/15) – FGIC Insured
3,700		San Bernardino County, California, GNMA Mortgage-Backed Securities Program Single Family Home	No Opt. Call	Aaa	3,930,695
		Mortgage Revenue Bonds, Series 1989A, 7.750%, 11/01/14 (Alternative Minimum Tax) (ETM)
6,760		San Diego Unified School District, San Diego County, California, General Obligation Bonds,	7/13 at 101.00	AA– (5)	6,855,113
		Series 2003E, 5.250%, 7/01/21 (Pre-refunded 7/01/13) – AGM Insured
		Turlock Public Finance Authority, California, Sewer Revenue Bonds, Series 2003A:
1,565		5.000%, 9/15/19 (Pre-refunded 9/15/13) – FGIC Insured	9/13 at 100.00	AA (5)	1,586,644
1,650		5.000%, 9/15/20 (Pre-refunded 9/15/13) – FGIC Insured	9/13 at 100.00	AA (5)	1,672,820
61,475		Total U.S. Guaranteed			68,388,149
		Utilities – 4.3% (2.9% of Total Investments)
3,695		Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds, Series	No Opt. Call	A	4,168,662
		2007A, 5.000%, 11/15/35
500		Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series	7/15 at 100.00	AA–	536,030
		2005A-1, 5.000%, 7/01/31 – AGM Insured (UB)
2,390		Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series	7/23 at 100.00	AA–	2,779,474
		2013B, 5.000%, 7/01/29 (WI/DD, Settling 6/04/13)
		Merced Irrigation District, California, Electric System Revenue Bonds, Series 2005:
1,235		5.125%, 9/01/31 – SYNCORA GTY Insured	9/15 at 100.00	N/R	1,265,603
1,500		5.250%, 9/01/36 – SYNCORA GTY Insured	9/15 at 100.00	N/R	1,535,325
5,000		Merced Irrigation District, California, Revenue Certificates of Participation, Electric System	9/13 at 102.00	Baa2	5,074,250
		Project, Series 2003, 5.700%, 9/01/36
14,320		Total Utilities			15,359,344
		Water and Sewer – 11.5% (7.7% of Total Investments)
2,400		Bay Area Water Supply and Conservation Agency, California, Revenue Bonds, Capital Cost	4/23 at 100.00	AA–	2,816,088
		Recovery Prepayment Program, Series 2013A, 5.000%, 10/01/28
		California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon
		Resources Channelside Desalination Project, Series 2012:
2,660		5.000%, 7/01/37 (Alternative Minimum Tax)	No Opt. Call	Baa3	2,685,031
5,320		5.000%, 11/21/45 (Alternative Minimum Tax)	No Opt. Call	Baa3	5,335,588
5,525		California Statewide Community Development Authority, Water and Wastewater Revenue Bonds,	10/13 at 101.00	AA–	5,658,097
		Pooled Financing Program, Series 2004A, 5.250%, 10/01/24 – AGM Insured
1,600		Eastern Municipal Water District, California, Water and Sewerage System Revenue Certificates	7/18 at 100.00	AA+	2,417,648
		of Participation, Tender Option Bond Trust 3220, 14.751%, 7/01/28 (IF)
		Goleta Water District, California, Certificates of Participation Revenue Bonds, Series 2003:
480		5.250%, 12/01/20	12/13 at 100.00	A	490,166
695		5.250%, 12/01/21	12/13 at 100.00	A	709,366
1,205		5.250%, 12/01/22 – NPFG Insured	12/13 at 100.00	A	1,232,354
850		Healdsburg Public Financing Authority, California, Wastewater Revenue Bonds, Series 2006,	4/16 at 100.00	AA–	915,875
		5.000%, 4/01/36 – NPFG Insured
1,250		Indio Water Authority, California, Water Revenue Bonds, Series 2006, 5.000%, 4/01/31 –	4/16 at 100.00	A	1,351,410
		AMBAC Insured
670		Metropolitan Water District of Southern California, Waterworks Revenue Bonds, Tender Option	7/19 at 100.00	AAA	1,034,853
		Bond Trust 09-8B, 18.355%, 7/01/35 (IF) (4)
9,370		San Diego Public Facilities Financing Authority, California, Sewerage Revenue Bonds, Refunding	5/20 at 100.00	AA	10,945,471
		Series 2010A, 5.250%, 5/15/27
5,230		San Francisco City and County Public Utilities Commission, California, Water Revenue Bonds,	5/22 at 100.00	AA–	5,781,974
		Series 2012A, 5.000%, 11/01/43
37,255		Total Water and Sewer			41,373,921
$ 556,286		Total Investments (cost $486,384,334) – 148.9%			536,126,541
		Floating Rate Obligations – (7.0)%			(25,130,000)
		Variable Rate Demand Preferred Shares, at Liquidation Value – (43.9)% (6)			(158,100,000)
		Other Assets Less Liabilities – 2.0%			7,087,788
		Net Assets Applicable to Common Shares – 100%			$ 359,984,329

 

 

 

 

 

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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 following is a summary of the three-tiered hierarchy of valuation input levels.

 

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

 

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

 

Level 3 – Prices are determined using 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 risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:

 

	Level 1	Level 2	Level 3	Total
Long-Term Investments:
Municipal Bonds	$ —	$536,126,541	$ —	$536,126,541

 

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.

 

As of May 31, 2013, the cost of investments was $461,340,782.

 

Gross unrealized appreciation and gross unrealized depreciation of investments as of May 31, 2013, were as follows:

 

Gross unrealized:
Appreciation	$ 51,691,743
Depreciation	(2,032,151)
Net unrealized appreciation (depreciation) of investments	$ 49,659,592

 

(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)		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.
(6)		Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Investments is 29.5%.
N/R		Not rated.
WI/DD		Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.
(ETM)		Escrowed to maturity.
(IF)		Inverse floating rate investment.
(UB)		Underlying bond of an inverse floating rate trust reflected as a financing transaction.

 

 

 

 

 

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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 California Quality Income Municipal Fund, Inc. 

 

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

                                                   Kevin J. McCarthy

                                                   Vice President and Secretary

 

Date:          July 30, 2013        

 

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:          July 30, 2013        

 

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

                                                   Stephen D. Foy

                                                  Vice President and Controller (principal financial officer) 

 

Date:          July 30, 2013