Nuveen Investments, Inc. (NUVEEN INVESTMENTS LOGO) 333 West Wacker Drive Chicago, IL 60606 312.917.7700 December 15, 2010 Securities and Exchange Commission 450 5th Street, N.W. Washington, D.C. 20549 RE: Nuveen Managed Investment Companies Rule 17g-1 Notice - Fidelity Bond Coverage Dear Sir or Madam: Pursuant to the provisions of Rule 17g-1 under the Investment Company Act of 1940, please be informed that the managed investment companies in the Nuveen family are collectively covered by a fidelity bond policy. The coverage in place for the Nuveen funds as of July 1, 2010, is under a policy from Federal Insurance Company, with a small additional policy from Federal Insurance Company. This represents the addition of one new fund: Nuveen Build America Bond Opportunity Fund Enclosed are: 1. A copy of the recovery allocation agreement. 2. A copy of resolutions adopted by a majority of the Board of the Nuveen funds who are not "interested persons" approving the amount, type, form and coverage of the bond and the portion of the premiums to be paid by each fund. 3. A copy of the endorsement confirming the addition of the above-mentioned fund to the Insurance Policy Number 81900065. Please be advised that the premium for the currently effective bond has been paid for the period July 1, 2010 through July 1, 2011. Other supporting documentation, including a copy of the policy and appropriations, will be sent in as soon as they are available. Very truly yours, NUVEEN FUNDS /s/ Kevin J. McCarthy ------------------------------------- Kevin J. McCarthy Vice President and Secretary cc: Stephen D. Foy Gifford R. Zimmerman AGREEMENT WITH RESPECT TO CERTAIN RECOVERY UNDER JOINT FIDELITY BOND This Agreement, made this 1st day of January, 2005 by and between the undersigned corporations or business trusts (the "Funds"), each of which is a registered investment company managed by Nuveen Asset Management. WITNESSETH: WHEREAS, the boards of directors or trustees of each of the Funds, including a majority of the board members of each Fund who are not "interested persons" of such Fund, have approved obtaining the fidelity bond coverage required for each Fund by Rule 17g-1 under the Investment Company Act of 1940 in the form of one or more bonds, each of which names a number of the Funds as insured (the "joint insured bonds"); and WHEREAS, Rule 17g-1(f) requires each registered management investment company named as an insured in a joint insured bond to enter into an Agreement with all other named insureds with respect to sharing of any recovery under such bond in the event of a loss sustained by it and another named insured; NOW THEREFORE, IT IS AGREED: 1. In the event recovery is received under any joint insured bond as a result of a loss sustained by any two or more of the Funds covered by such bond, each Fund sustaining a loss shall receive an equitable and proportionate share of the recovery, but at least equal to the amount that it would have received had it provided and maintained a single insured bond with the minimum coverage required by Rule 17g-1(d)(1). 2. This Agreement shall continue in effect for such time as the parties hereto shall be named as insureds under one or more joint insured fidelity bonds designed to satisfy the requirements of Rule 17g-1, and shall not be terminated by any change in the Funds covered by any such bond or in the amount of terms of coverage provided by any such bond or by any change in the issuer of any such bond. 3. This Agreement supersedes any prior agreement among any of the Funds relating to the subject matter hereof. IN WITNESS WHEREOF, an officer of such parties has executed this Agreement on behalf of each of the parties, as of the day and date first written above. NUVEEN TAXABLE CLOSED-END FUNDS Nuveen Senior Income Fund Nuveen Real Estate Income Fund Nuveen Quality Preferred Income Fund Nuveen Quality Preferred Income Fund 2 Nuveen Quality Preferred Income Fund 3 Nuveen Multi-Strategy Income and Growth Fund (formerly the Nuveen Preferred and Convertible Income Fund) Nuveen Multi-Strategy Income and Growth Fund 2 (formerly the Nuveen Preferred and Convertible Income Fund 2) Nuveen Diversified Dividend and Income Fund Nuveen Tax-Advantaged Total Return Strategy Fund Nuveen Floating Rate Income Fund Nuveen Floating Rate Income Opportunity Fund Nuveen Equity Premium Income Fund Nuveen Tax-Advantaged Floating Rate Fund Nuveen Equity Premium Opportunity Fund Nuveen Equity Premium Advantage Fund Nuveen Equity Premium and Growth Fund Nuveen Global Government Enhanced Income Fund Nuveen Global Value Opportunities Fund Nuveen Core Equity Alpha Fund Nuveen Multi-Currency Short-Term Government Income Fund Nuveen Tax-Advantaged Dividend Growth Fund Nuveen Mortgage Opportunity Term Fund Nuveen Mortgage Opportunity Term Fund 2 Nuveen Build America Bond Fund Dow 30 Enhanced Premium & Income Fund Dow 30 Premium & Dividend Income Fund MLP & Strategic Equity Fund Global Income & Currency Fund NASDAQ Premium Income & Growth Fund Nuveen Build America Bond Opportunity Fund NUVEEN CLOSED-END MUNICIPAL BOND FUNDS Nuveen Select Tax-Free Income Portfolio Nuveen Select Tax-Free Income Portfolio 2 Nuveen Select Tax-Free Income Portfolio 3 Nuveen California Select Tax-Free Income Portfolio Nuveen New York Select Tax-Free Income Portfolio Nuveen Municipal Value Fund, Inc. Nuveen California Municipal Value Fund, Inc. Nuveen New York Municipal Value Fund, Inc. Nuveen Municipal Income Fund, Inc. Nuveen Select Maturities Municipal Fund Nuveen Premium Income Municipal Fund, Inc. Nuveen Performance Plus Municipal Fund, Inc. Nuveen California Performance Plus Municipal Fund, Inc. Nuveen New York Performance Plus Municipal Fund, Inc. Nuveen Municipal Advantage Fund, Inc. Nuveen Municipal Market Opportunity Fund, Inc. Nuveen California Municipal Market Opportunity Fund, Inc. Nuveen Investment Quality Municipal Fund, Inc. Nuveen California Investment Quality Municipal Fund, Inc. Nuveen New York Investment Quality Municipal Fund, Inc. Nuveen Insured Quality Municipal Fund, Inc. Nuveen Florida Investment Quality Municipal Fund Nuveen New Jersey Investment Quality Municipal Fund, Inc. Nuveen Pennsylvania Investment Quality Municipal Fund Nuveen Select Quality Municipal Fund, Inc. Nuveen California Select Quality Municipal Fund, Inc. Nuveen New York Select Quality Municipal Fund, Inc. Nuveen Quality Income Municipal Fund, Inc. Nuveen Insured Municipal Opportunity Fund, Inc. Nuveen Florida Quality Income Municipal Fund Nuveen Michigan Quality Income Municipal Fund, Inc. Nuveen Ohio Quality Income Municipal Fund, Inc. Nuveen Texas Quality Income Municipal Fund Nuveen California Quality Income Municipal Fund, Inc. Nuveen New York Quality Income Municipal Fund, Inc. Nuveen Premier Municipal Income Fund, Inc. Nuveen Premier Insured Municipal Income Fund, Inc. Nuveen Premium Income Municipal Fund 2, Inc. Nuveen Arizona Premium Income Municipal Fund, Inc. Nuveen Insured California Premium Income Municipal Fund, Inc. Nuveen Insured Florida Premium Income Municipal Fund Nuveen Michigan Premium Income Municipal Fund, Inc. Nuveen New Jersey Premium Income Municipal Fund, Inc. Nuveen Insured New York Premium Income Municipal Fund, Inc. Nuveen Premium Income Municipal Fund 4, Inc. Nuveen Insured California Premium Income Municipal Fund 2, Inc. Nuveen Maryland Premium Income Municipal Fund Nuveen Massachusetts Premium Income Municipal Fund Nuveen Pennsylvania Premium Income Municipal Fund 2 Nuveen Virginia Premium Income Municipal Fund Nuveen Connecticut Premium Income Municipal Fund Nuveen Georgia Premium Income Municipal Fund Nuveen Missouri Premium Income Municipal Fund Nuveen North Carolina Premium Income Municipal Fund Nuveen California Premium Income Municipal Fund Nuveen Insured Premium Income Municipal Fund 2 Nuveen Dividend Advantage Municipal Fund Nuveen California Dividend Advantage Municipal Fund Nuveen New York Dividend Advantage Municipal Fund Nuveen Arizona Dividend Advantage Municipal Fund Nuveen Connecticut Dividend Advantage Municipal Fund Nuveen Maryland Dividend Advantage Municipal Fund Nuveen Massachusetts Dividend Advantage Municipal Fund Nuveen North Carolina Dividend Advantage Municipal Fund Nuveen Virginia Dividend Advantage Municipal Fund Nuveen California Dividend Advantage Municipal Fund 2 Nuveen Dividend Advantage Municipal Fund 2 Nuveen New Jersey Dividend Advantage Municipal Fund Nuveen New York Dividend Advantage Municipal Fund 2 Nuveen Ohio Dividend Advantage Municipal Fund Nuveen Pennsylvania Dividend Advantage Municipal Fund Nuveen California Dividend Advantage Municipal Fund 3 Nuveen Dividend Advantage Municipal Fund 3 Nuveen Georgia Dividend Advantage Municipal Fund Nuveen Maryland Dividend Advantage Municipal Fund 2 Nuveen Michigan Dividend Advantage Municipal Fund Nuveen Ohio Dividend Advantage Municipal Fund 2 Nuveen North Carolina Dividend Advantage Municipal Fund 2 Nuveen Virginia Dividend Advantage Municipal Fund 2 Nuveen Insured Dividend Advantage Municipal Fund Nuveen Insured California Dividend Advantage Municipal Fund Nuveen Insured New York Dividend Advantage Municipal Fund Nuveen Arizona Dividend Advantage Municipal Fund 2 Nuveen Connecticut Dividend Advantage Municipal Fund 2 Nuveen New Jersey Dividend Advantage Municipal Fund 2 Nuveen Ohio Dividend Advantage Municipal Fund 3 Nuveen Pennsylvania Dividend Advantage Municipal Fund 2 Nuveen Arizona Dividend Advantage Municipal Fund 3 Nuveen Connecticut Dividend Advantage Municipal Fund 3 Nuveen Georgia Dividend Advantage Municipal Fund 2 Nuveen Maryland Dividend Advantage Municipal Fund 3 Nuveen North Carolina Dividend Advantage Municipal Fund 3 Nuveen Insured Tax-Free Advantage Municipal Fund Nuveen Insured California Tax-Free Advantage Municipal Fund Nuveen Insured New York Tax-Free Advantage Municipal Fund Nuveen Insured Florida Tax-Free Advantage Municipal Fund Nuveen Insured Massachusetts Tax-Free Advantage Municipal Fund Nuveen Municipal High Income Opportunity Fund Nuveen Municipal High Income Opportunity Fund 2 Nuveen Municipal Value Fund 2 Nuveen Pennsylvania Municipal Value Fund Nuveen California Municipal Value Fund 2 Nuveen New York Municipal Value Fund 2 Nuveen New Jersey Municipal Value Fund Nuveen Enhanced Municipal Value Fund NUVEEN OPEN-END FUNDS Nuveen Municipal Trust Nuveen Intermediate Duration Municipal Bond Fund Nuveen Insured Municipal Bond Fund Nuveen All-American Municipal Bond Fund Nuveen Limited Term Municipal Bond Fund Nuveen High Yield Municipal Bond Fund Nuveen Multistate Trust I Nuveen Arizona Municipal Bond Fund Nuveen Colorado Municipal Bond Fund Nuveen Florida Municipal Bond Fund Nuveen Maryland Municipal Bond Fund Nuveen New Mexico Municipal Bond Fund Nuveen Pennsylvania Municipal Bond Fund Nuveen Virginia Municipal Bond Fund Nuveen Multistate Trust II Nuveen California Municipal Bond Fund Nuveen California Insured Municipal Bond Fund Nuveen California High Yield Municipal Bond Fund Nuveen Connecticut Municipal Bond Fund Nuveen Massachusetts Municipal Bond Fund Nuveen Massachusetts Insured Municipal Bond Fund Nuveen New Jersey Municipal Bond Fund Nuveen New York Municipal Bond Fund Nuveen New York Insured Municipal Bond Fund Nuveen Multistate Trust III Nuveen Georgia Municipal Bond Fund Nuveen Louisiana Municipal Bond Fund Nuveen North Carolina Municipal Bond Fund Nuveen Tennessee Municipal Bond Fund Nuveen Multistate Trust IV Nuveen Kansas Municipal Bond Fund Nuveen Kentucky Municipal Bond Fund Nuveen Michigan Municipal Bond Fund Nuveen Missouri Municipal Bond Fund Nuveen Ohio Municipal Bond Fund Nuveen Wisconsin Municipal Bond Fund Nuveen Investment Trust Nuveen Large-Cap Value Fund Nuveen Balanced Stock and Bond Fund Nuveen Balanced Municipal and Stock Fund Nuveen NWQ Multi-Cap Value Fund Nuveen NWQ Small-Cap Value Fund Nuveen Tradewinds Value Opportunities Fund (formerly the Nuveen NWQ Value Opportunities Fund) Nuveen NWQ Global Value Fund Nuveen NWQ Large-Cap Value Fund Nuveen NWQ Small/Mid-Cap Value Fund Nuveen Enhanced Core Equity Fund Nuveen Enhanced Mid-Cap Fund Nuveen U.S. Equity Completeness Fund Nuveen Enhanced Core Equity Plus Fund Nuveen NWQ Equity Income Fund Nuveen Investment Trust II Nuveen Rittenhouse Growth Fund Nuveen Tradewinds International Value Fund (formerly the Nuveen NWQ International Value Fund) Nuveen Tradewinds Global All-Cap Fund (formerly the Nuveen NWQ Global All-Cap Fund) Nuveen Santa Barbara Growth Fund Nuveen Santa Barbara Dividend Growth Fund Nuveen Santa Barbara Growth Opportunities Fund Nuveen Symphony All-Cap Core Fund Nuveen Symphony Mid-Cap Core Fund Nuveen Symphony Small-Mid Cap Core Fund Nuveen Symphony Large-Cap Value Fund Nuveen Tradewinds Global Resources Fund Nuveen Symphony Large-Cap Growth Fund Nuveen Symphony Optimized Alpha Fund Nuveen Rittenhouse Mid-Cap Growth Fund Nuveen Rittenhouse Strategic Growth Fund Nuveen Symphony International Equity Fund Nuveen Santa Barbara Growth Plus Fund Nuveen Tradewinds Global All-Cap Plus Fund Nuveen Tradewinds Emerging Markets Fund Nuveen Tradewinds Japan Fund Nuveen Santa Barbara EcoLogic Equity Fund Nuveen Santa Barbara Global Equity Fund Nuveen Santa Barbara International Equity Fund Nuveen Winslow Large-Cap Growth Fund Nuveen Tradewinds Global Flexible Allocation Fund Nuveen Investment Trust III Nuveen Multi-Strategy Income Fund (formerly the Nuveen Core Bond Fund) Nuveen High Yield Bond Fund Nuveen Short Duration Bond Fund Nuveen Symphony Credit Opportunities Fund Nuveen Investment Trust V Nuveen Preferred Securities Fund Nuveen NWQ Preferred Securities Fund Nuveen Managed Accounts Portfolios Trust Municipal Total Return Managed Accounts Portfolio International Income Managed Accounts Portfolio Enhanced Multi-Strategy Income Managed Accounts Portfolio BY: /s/ Kevin J. McCarthy --------------------------------- Kevin J. McCarthy Vice President and Secretary The following resolution was approved separately by the independent Board members: RESOLVED, that this Fund's participation with other management investment companies advised by Nuveen Asset Management in the purchase and maintenance of fidelity bond coverage as required by Rule 17g-1 under the Investment Company Act of 1940, and the payment by this Fund of that portion of the premium for such coverage as may be allocated to it in accordance with its proportionate share of the aggregate net assets of the covered funds, is hereby approved. The following resolutions were approved unanimously by the full Board: RESOLVED, that the officers of this Fund be and they hereby are, authorized and directed to make application for and maintain fidelity bond coverage for this Fund, jointly with such other Nuveen managed funds as they, in their judgment, shall deem advisable and to enter into an agreement substantially in the form presented to this meeting with the other insured Funds concerning such coverage as required by Rule 17g-1(f) under the Investment Company Act of 1940; and FURTHER RESOLVED, that fidelity bond coverage insuring the Fund and such other funds in the amount of $100 million, or such greater amounts as officers of this Fund may from time to time determine in accordance with the provisions of Rule 17g-1 of the Investment Company Act of 1940, is hereby deemed to be reasonable in form and amount and is hereby approved; and FURTHER RESOLVED, that the Secretary, or any Assistant Secretary of this Fund, is hereby designated the officer to make the filings and give the notices required by Paragraph (g) of Rule 17g-1. FEDERAL INSURANCE COMPANY Endorsement No: 10 Bond Bond Number: 81900065 NAME OF ASSURED: NUVEEN INVESTMENTS, INC. NAME OF ASSURED ENDORSEMENT It is agreed that the NAME OF ASSURED in the DECLARATIONS is amended to read as follows: NUVEEN MODERATE ALLOCATION FUND NUVEEN CONSERVATIVE ALLOCATION FUND NUVEEN MULTI-MANAGER LARGE-CAP VALUE FUND Y/E MUTUAL FUNDS - 30 2 CALIFORNIA MUNICIPAL BOND- NCASP 2 CALIFORNIA INSURED MUNICIPAL BOND- NICA 2 CONNECTICUT MUNICIPAL BOND -CT 2 MASSACHUSETTS MUNICIPAL BOND- NTFM 2 MASSACHUSETTS INSURED MUNICIPAL BOND- NIM 2 NEW JERSEY MUNICIPAL BOND- NFNJ 2 NEW YORK MUNICIPAL BOND- NFNY 2 NEW YORK INSURED MUNICIPAL BOND- NINY 4 INTERMEDIATE DURATION MUNICIPAL BOND- NMBF 4 NATIONAL INSURED MUNICIPAL BOND -NINA 4 NUVEEN HIGH YIELD FUND- NHYF 4 ALL-AMERICA MUNICIPAL BOND -AA 4 LIMITED TERM MUNICIPAL BOND- LT 5 ARIZONA MUNICIPAL BOND- NFAZ 5 COLORADO MUNICIPAL BOND -CO 5 FLORIDA MUNICIPAL BOND- NFFL 5 GEORGIA MUNICIPAL BOND -GA 5 KANSAS MUNICIPAL BOND -KS 5 KENTUCKY MUNICIPAL BOND -KY 5 LOUISIANA MUNICIPAL BOND- LA 5 MARYLAND MUNICIPAL BOND- NMDV 5 MICHIGAN MUNICIPAL BOND- NFMI 5 MISSOURI MUNICIPAL BOND- MO 5 NEW MEXICO MUNICIPAL BOND -NM 5 NORTH CAROLINA MUNICIPAL BOND- NC 5 OHIO MUNICIPAL BOND- NFOH 5 PENNSYLVANIA MUNICIPAL BOND -NFPA 5 TENNESSEE MUNICIPAL BOND- TN 5 WISCONSIN MUNICIPAL BOND-WI 5 VIRGINIA MUNICIPAL BOND- NFVA Y/E EXCHANGE TRADED / PORTFOLIO - 5 3 SELECT PORTFOLIO- NXP 3 SELECT PORTFOLIO 2 -NXQ 3 SELECT PORTFOLIO 3 -NXR 3 CA SELECT TAX-FREE INCOME PORTFOLIO- NXC 3 NY SELECT TAX-FREE INCOME PORTFOLIO- NXN ICAP Bond Form 17-02-0949 (Rev. 1-97) Page 1 Y/E EXCHANGE TRADED / NON-LEVERAGED - 5 5 SELECT MATURITIES -NIMF 8 CA MUNICIPAL VALUE- NCA 9 NY MUNICIPAL VALUE- NNY 10 MUNICIPAL VALUE -NUV 10 MUNICIPAL INCOME -NMI EXCHANGED TRADED / LEVERAGED - 80 Y/E NATIONAL - 21 7 SENIOR INCOME FUND- NSL 7 QUALITY PREFERRED INCOME FUND -JTP 10 REAL ESTATE INCOME FUND -JRS 10 PREMIUM INCOME- NPI 10 PERFORMANCE PLUS -NPP 10 ADVANTAGE- NMA 10 MARKET OPPORTUNITY -NMO 10 INVESTMENT QUALITY- NQM 10 INSURED QUALITY -NQI 10 SELECT QUALITY- NQS 10 QUALITY INCOME- NQU 10 INSURED OPPORTUNITY- NIO 10 PREMIER INCOME- NPF 10 PREMIER INSURED- NIF 10 PREMIUM INCOME 2 -NPM 10 PREMIUM INCOME 4- NPT 10 INS PREMIUM INCOME 2- NPX 10 NUVEEN DIVIDEND ADVANTAGE -NAD 10 NUVEEN DIVIDEND ADVANTAGE 2- NXZ 10 NUVEEN DIVIDEND ADVANTAGE-3 -NZF 10 NUVEEN INSURED DIVIDEND ADVANTAGE- NVG Y/E CALIFORNIA - 12 8 PERFORMANCE PLUS- NCP 8 MARKET OPPORTUNITY- NCO 8 INVESTMENT QUALITY -NQC 8 SELECT QUALITY- NVC 8 QUALITY INCOME- NUC 8 INS PREMIUM INCOME- NPC 8 INS PREMIUM INCOME 2- NCL 8 PREMIUM INCOME- NCU 8 DIVIDEND ADVANTAGE- NAC 8 DIVIDEND ADVANTAGE 2- NVX 8 DIVIDEND ADVANTAGE 3- NZH 8 INS DIVIDEND ADVANTAGE- NKL Y/E NEW JERSEY - 4 6 INVESTMENT QUA-ITY- NQJ 6 PREMIUM INCOME- NNJ 6 DIVIDEND ADVANTAGE- NXJ 6 DIVIDEND ADVANTAGE 2- NUJ Y/E NEW YORK - 8 9 PERFORMANCE PLUS- NNP 9 INVESTMENT QUALITY- NQN 9 SELECT QUALITY- NVN 9 QUALITY INCOME- NUN 9 INS PREMIUM INCOME -NNF 9 DIVIDEND ADVANTAGE -NAN 9 DIVIDEND ADVANTAGE 2- NXK ICAP Bond Form 17-02-0949 (Ed. 1-97) Page 2 9 INS DIVIDEND ADVANTAGE- NKO Y/E PENNSYLVANIA - 4 6 INVESTMENT QUALITY -NQP 6 PREMIUM INCOME 2- NPY 6 DIVIDEND ADVANTAGE -NXM 6 DIVIDEND ADVANTAGE 2- NVY Y/E OTHER STATE FUNDS - 28 5 CT PREMIUM INCOME -NTC 5 CT DIVIDEND ADVANTAGE -NFC 5 CT DIVIDEND ADVANTAGE 2- NGK 5 GA PREMIUM INCOME- NPG 5 GA DIVIDEND ADVANTAGE -NZX 5 MD PREMIUM INCOME- NMY 5 MD DIVIDEND ADVANTAGE- NFM 5 MD DIVIDEND ADVANTAGE 2- NZR 5 MA PREMIUM INCOME- NMT 5 MA DIVIDEND ADVANTAGE- NMB 5 MO PREMIUM INCOME- NOM 5 NC PREMIUM INCOME -NNC 5 NC DIVIDEND ADVANTAGE -NRB 5 NC DIVIDEND ADVANTAGE 2- NNO 5 VA PREMIUM INCOME- NPV 5 VA DIVIDEND ADVANTAGE -NGB 5 VA DIVIDEND ADVANTAGE 2 -NNB 7 AZ PREMIUM INCOME -NAZ 7 AZ DIVIDEND ADVANTAGE- NFZ 7 AZ DIVIDEND ADVANTAGE 2 -NKR 7 MI QUALITY INCOME -NUM 7 MI PREMIUM INCOME- NMP 7 MI DIVIDEND ADVANTAGE- NZW 7 OH QUALITY INCOME -NUO 7 OH DIVIDEND ADVANTAGE- NXI 7 OH DIVIDEND ADVANTAGE 2 -NBJ 7 OH DIVIDEND ADVANTAGE 3- NVJ 7 TX QUALITY INCOME -NTX NUVEEN QUALITY PREFERRED INCOME FUND 2 NUVEEN ARIZONIA DIVIDEND ADVANTAGE MUNICIPAL FUND 3 NUVEEN CONNECTICUT DIVIDEND ADVANTAGE MUNICIPAL FUND 3 NUVEEN GEORGIOA DIVIDEND ADVANTAGE MUNICIPAL FUND 2 NUVEEN MARYLAND DIVIDEND ADVANTAGEMUNICIPAL FUND 3 NUVEEN NORTH CAROLINA DIVIDEND ADVANTAGE MUNICIPAL FUND 3 NUVEEN INSURED TAX-FREE ADVANTAGE MUNICIPAL FUND NUVEEN INSURED NEW YORK TAX-FREE ADVANTAGE MUNICIPAL FUND NUVEEN INSURED CALIFORNIA TAX-FREE ADVANTAGE MUNICIPAL FUND NUVEEN INSURED MASSACHUSETTS TAX-FREE ADVANTAGE MUNICIPAL FUND NUVEEN TRADEWINDS INTERNATIONAL VALUE FUND NUVEEN MULTI-STRATEGY GROWTH AND INCOME FUND NUVEEN DIVERSIFIED DIVIDEND AND INCOME FUND NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND NUVEEN TAX-ADVANTAGED TOTAL RETURN NUVEEN SHORT DURATION BOND FUND EFF- 12/01/04 NUVEEN MULTI-STRATEGY INCOME FUND EFF- 12/01/04 NUVEEN HIGH YIELD BOND FUND EFF- 12/01/04 NUVEEN NWQ SMALL-CAP VALUE FUND EFF- 12/01/04 NUVEEN GROWTH ALLOCATION FUND EFF- 12/01/04 ICAP Bond Form 17-02-0949 (Ed. 1-97) Page 3 NUVEEN TRADEWINDS VALUE OPPORTUNITIES FUND EFF- 12/01/04 STRATEGY FUND - EFF 1/27/04 NUVEEN FLOATING RATE INCOME FUND EFF- 3/25/04 NUVEEN FLOATING RATE INCOME OPPORTUNITY FUND NUVEEN EQUITY PREMIUM INCOME FUND EFF. 10/26/04 NUVEEN EQUITY PREMIUM OPPORTUNITY FUND EFF- 01/26/05 NUVEEN TAX-ADVANTAGED FLOATING RATE FUND EFF-03/28/05 NUVEEN EQUITY PREMIUM ADVANTAGE FUND EFF-05/25/05 NUVEEN EQUITY PREMIUM AND GROWTH FUND EFF-11/22/05 NUVEEN GLOBAL VALUE OPPORTUNITIES FUND EFF- 08/01/06 NUVEEN GLOBAL GOVERNMENT ENHANCED INCOME FUND EFF 06/27/2006 NUVEEN TRADEWINDS GLOBAL ALL-CAP FUND NUVEEN CALIFORNIA HIGH YIELD MUNICIPAL BOND FUND NUVEEN NWQ MULTI-CAP VALUE FUND (NMCVF) EFF. 12/19/2002 NUVEEN QUALITY PREFERRED INCOME FUND 3 (JHP) EFF. 1/7/2003 NUVEEN MULTI-STRATEGY GROWTH AND INCOME FUND 2 EFF. 7/16/2003 NUVEEN GLOBAL VALUE OPPORTUNITIES FUND (JGV) EFF. 7/28/2006 NUVEEN SANTA BARBARA GROWTH FUND EFF. 10/19/2006 NUVEEN SANTA BARBARA DIVIDEND GROWTH FUND EFF. 10/19/2006 NUVEEN NWQ LARGE- CAP VALUE FUND EFF. 1/8/2007 NUVEEN NWQ SMALL/MID CAP VALUE FUND EFF. 1/8/2007 NUVEEN SANTA BARBARA GROWTH OPPORTUNITIES FUND EFF. 2/8/2007 NUVEEN PREFERRED SECURITIES FUND EFF. 2/8/2007 NUVEEN TRADEWINDS GLOBAL RESOURCES FUND EFF. 2/8/2007 NUVEEN SYMPHONY LARGE-CAP GROWTH FUND EFF. 2/8/2007 NUVEEN SYMPHONY LARGE-CAP VALUE FUND EFF. 2/8/2007 NUVEEN SYMPHONY ALL-CAP CORE FUND EFF. 2/8/2007 NUVEEN SYMPHONY MID-CAP CORE FUND EFF. 2/8/2007 NUVEEN SYMPHONY SMALL-MID CAP CORE FUND EFF. 2/8/2007 NUVEEN CORE EQUITY ALPHA FUND EFF. 2/8/2007 NUVEEN MULTI-CURRENCY SHORT-TERM GOVERNMENT INCOME FUND EFF. 4/26/2007 NUVEEN MUNICIPAL TOTAL RETURN MANAGED ACCOUNTS PORTFOLIO EFF. 5/11/2007 NUVEEN TAX-ADVANTAGED DIVIDEND GROWTH FUND EFF. 6/28/2007 NUVEEN SYMPHONY OPTIMIZED ALPHA FUND EFF 10/1/2007 NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND 2 EFF, 11/20/2007 NUVEEN ENHANCED CORE EQUITY FUND EFF, 12/3/2007 NUVEEN ENHANCED MID-CAP FUND EFF, 12/3/2007 NUVEEN SANTA BARBARA STRATEGIC GROWTH FUND EFF, 12/3/2007 NUVEEN SANTA BARBARA MID CAP GROWTH FUND EFF, 12/3/2007 INTERNATIONAL INCOME MANAGED ACCOUNTS PORTFOLIO EFF, 12/27/2007 ENHANCED MULTI-STRATEGY INCOME MANAGED ACCOUNTS PORTFOLIO EFF, 12/27/2007 NUVEEN SYMPHONY INTERNATIONAL EQUITY FUND EFF, 5/30/2008 NUVEEN U.S. EQUITY COMPLETENESS FUND EFF, 7/1/2008 NUVEEN SANTA BARBARA GROWTH FUND PLUS EFF. 1/5/2009 NUVEEN TRADEWINDS GLOBAL ALL-CAP PLUS FUND EFF 1/5/2009 NUVEEN TRADEWINDS EMERGING MARKETS FUND EFF. 1/5/2009 NUVEEN TRADEWINDS JAPAN FUND EFF. 1/5/2009 NUVEEN ENHANCED CORE EQUITY PLUS FUND EFF. 1/5/2009 NUVEEN SANTA BARBARA ECOLOGIC EQUITY FUND EFF. 1/5/2009 NUVEEN MUNICIPAL VALUE FUND 2 EFF. 2/23/2009 NUVEEN SANTA BARBARA GLOBAL EQUITY FUND EFF 4/24/2009 NUVEEN SANTA BARBARA INTERNATIONAL EQUITY FUND EFF 4/24/2009 NUVEEN PENNSYLVANIA MUNICIPAL VALUE FUND EFF 4/27/2009 NUVEEN CALIFORNIA MUNICIPAL VALUE FUND 2 EFF 4/27/2009 NUVEEN NEW YORK MUNICIPAL VALUE FUND 2 EFF 4/27/2009 ICAP Bond Form 17-02-0949 (Ed. 1-97) Page 4 NUVEEN NEW JERSEY MUNICIPAL VALUE FUND EFF 4/27/2009 NUVEEN WINSLOW LARGE-CAP GROWTH FUND EFF 5/15/2009 NUVEEN NWQ EQUITY INCOME FUND EFF 09/15/2009 NUVEEN ENHANCED MUNICIPAL VALUE FUND EFF 09/24/2009 NUVEEN MORTGAGE OPPORTUNITY TERM FUND EFF 11/24/2009 NUVEEN INSURED MUNICIPAL OPPORTUNITY FUND, INC [NIO] EFF 10/16/2009 NUVEEN PREMIUM INCOME MUNICIPAL FUND 2, INC. [NPM] EFF 10/16/2009 NUVEEN INSURED TAX-FREE ADVANTAGE MUNICIPAL FUND [NEA] EFF. 10/16/09 NUVEEN NWQ PREFERRED SECURITIES FUND EFF. 12/09/2009 NUVEEN MORTGAGE OPPORTUNITY TERM FUND 2, EFF. 2/23/2010 NUVEEN BUILD AMERICA BOND FUND, EFF. 4/27/2010 NUVEEN SYMPHONY CREDIT OPPORTUNITIES FUND, EFF. 4/27/2010 NUVEEN TRADEWINDS GLOBAL FLEXIBLE ALLOCATION FUND, EFF. 5/27/2010 DOW 30 ENHANCED PREMIUM & INCOME FUND (DPO) EFF. 10/06/2010 DOW 30 PREMIUM & DIVIDEND INCOME FUND (DPD) EFF. 10/06/2010 MLP & STRATEGIC EQUITY FUND (MTP) EFF. 10/06/2010 GLOBAL INCOME AND CURRENCY FUND (GCF) EFF. 10/06/2010 NASDAQ PREMIUM INCOME & GROWTH FUND (QQQX) - EFF. 10/28/2010 NUVEEN BUILD AMERICA BOND OPPORTUNITY FUND- EFF. 11/29/2010 This Endorsement applies to loss discovered after 12:01 a.m. on July 1, 2010. ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED. Date: December 1, 2010 By /s/ illegible ------------------------------------- Authorized Representative ICAP Bond Form 17-02-0949 (Ed. 1-97) Page 5