nq2.htm



 
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 811-06385
 
Nuveen Ohio Quality Income 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:            2/28          
 
Date of reporting period:         11/30/14         
 
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
 
      
   
Nuveen Ohio Quality Income Municipal Fund (NUO)
      
   
November 30, 2014 (Unaudited)
      
 
 
 
 
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
LONG-TERM INVESTMENTS – 145.2% (100.0% of Total Investments)
 
      
   
MUNICIPAL BONDS – 145.2% (100.0% of Total Investments)
 
      
   
Consumer Staples – 4.5% (3.1% of Total Investments)
      
$ 400
  
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
No Opt. Call
Aa1
$ 420,532
   
Bonds, Senior Lien, Series 2007A-1, 5.000%, 6/01/16
      
   
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
      
   
Bonds, Senior Lien, Series 2007A-2:
      
15,035
  
5.125%, 6/01/24
6/17 at 100.00
B–
12,802,303
1,085
  
5.875%, 6/01/47
6/17 at 100.00
B
890,362
16,520
  
Total Consumer Staples
    
14,113,197
   
Education and Civic Organizations – 9.7% (6.7% of Total Investments)
      
4,375
  
Miami University of Ohio, General Receipts Bonds, Refunding Series 2014, 5.000%, 9/01/33
9/24 at 100.00
AA
5,116,344
   
Miami University of Ohio, General Receipts Bonds, Series 2011:
      
130
  
5.000%, 9/01/33
No Opt. Call
AA
148,361
1,960
  
5.000%, 9/01/36
9/21 at 100.00
AA
2,203,334
   
Miami University of Ohio, General Receipts Bonds, Series 2012:
      
480
  
4.000%, 9/01/32
9/22 at 100.00
AA
504,998
1,000
  
4.000%, 9/01/33
9/22 at 100.00
AA
1,048,580
3,150
  
Ohio Higher Education Facilities Commission, General Revenue Bonds, Kenyon College, Series
7/16 at 100.00
A+
3,216,308
   
2006, 5.000%, 7/01/41
      
1,000
  
Ohio Higher Education Facilities Commission, Revenue Bonds, Wittenberg University, Series
12/15 at 100.00
B1
976,180
   
2005, 5.000%, 12/01/29
      
2,420
  
Ohio Higher Educational Facilities Commission, General Revenue Bonds, University of Dayton,
12/16 at 100.00
A
2,583,205
   
2006 Project, Series 2006, 5.000%, 12/01/30 – AMBAC Insured
      
   
Ohio Higher Educational Facilities Commission, Revenue Bonds, Denison University Project,
      
   
Series 2012:
      
120
  
5.000%, 11/01/27
5/22 at 100.00
AA
138,906
590
  
5.000%, 11/01/32
5/22 at 100.00
AA
668,216
5,000
  
Ohio Higher Educational Facilities Commission, Revenue Bonds, University of Dayton, Series
12/22 at 100.00
A
5,510,650
   
2013, 5.000%, 12/01/43
      
2,250
  
Ohio State Higher Education Facilities, Revenue Bonds, Case Western Reserve University, Series
12/16 at 100.00
AA–
2,401,740
   
2006, 5.000%, 12/01/44 – NPFG Insured
      
3,000
  
Ohio State Higher Educational Facility Commission, Higher Education Facility Revenue Bonds,
11/18 at 100.00
A–
3,462,060
   
Xavier University 2008C, 5.750%, 5/01/28
      
950
  
Ohio State, Higher Educational Facility Revenue Bonds, Otterbein College Project, Series
12/18 at 100.00
A3
1,071,790
   
2008A, 5.500%, 12/01/28
      
1,000
  
Ohio University at Athens, General Receipts Bonds, Series 2013, 5.000%, 12/01/39
12/22 at 100.00
Aa3
1,119,900
27,425
  
Total Education and Civic Organizations
    
30,170,572
   
Health Care – 31.4% (21.6% of Total Investments)
      
3,000
  
Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Revenue Bonds,
5/23 at 100.00
A1
3,274,320
   
Children’s Hospital Medical Center, Improvement Series 2013, 5.000%, 11/15/38
      
1,950
  
Allen County, Ohio, Hospital Facilities Revenue Bonds, Catholic Healthcare Partners, Series
6/20 at 100.00
AA–
2,174,913
   
2010A, 5.250%, 6/01/38
      
3,500
  
Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2010,
11/20 at 100.00
A–
3,879,435
   
5.500%, 11/01/40
      
6,575
  
Butler County, Ohio, Hospital Facilities Revenue Bonds, Cincinnati Children’s Medical Center
5/16 at 100.00
A3
6,786,255
   
Project, Series 2006K, 5.000%, 5/15/31 – FGIC Insured
      
2,400
  
Fairfield County, Ohio, Hospital Facilities Revenue Bonds, Fairfield Medical Center Project,
6/23 at 100.00
Baa2
2,563,296
   
Series 2013, 5.000%, 6/15/43
      
   
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project,
      
   
Improvement Series 2009:
      
250
  
5.000%, 11/01/34
11/19 at 100.00
Aa2
273,508
2,615
  
5.250%, 11/01/40
11/19 at 100.00
Aa2
2,908,403
2,470
  
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project, Series
11/18 at 100.00
Aa2
2,638,825
   
2008A, 5.000%, 11/01/40
      
250
  
Franklin County, Ohio, Hospital Revenue Bonds, OhioHealth Corporation, Series 2011A,
11/21 at 100.00
AA+
272,915
   
5.000%, 11/15/41
      
4,480
  
Franklin County, Ohio, Hospital Revenue Bonds, OhioHealth Corporation, Tender Option Bond
11/21 at 100.00
AA+
5,301,274
   
Trust 11-21B, 9.416%, 11/15/41 (IF) (4)
      
3,225
  
Hancock County, Ohio, Hospital Revenue Bonds, Blanchard Valley Regional Health Center, Series
6/21 at 100.00
A2
3,751,449
   
2011A, 6.250%, 12/01/34
      
1,865
  
Lake County, Ohio, Hospital Facilities Revenue Bonds, Lake Hospital System, Inc., Refunding
8/18 at 100.00
A3
2,071,586
   
Series 2008C, 6.000%, 8/15/43
      
   
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series 2008D:
      
90
  
5.000%, 11/15/38
11/18 at 100.00
AA
96,418
40
  
5.125%, 11/15/40
11/18 at 100.00
AA
42,945
3,965
  
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series
11/21 at 100.00
AA
4,725,328
   
2011A, 6.000%, 11/15/41
      
1,500
  
Miami County, Ohio, Hospital Facilities Revenue Refunding Bonds, Upper Valley Medical Center
5/16 at 100.00
A
1,587,030
   
Inc., Series 2006, 5.250%, 5/15/21
      
820
  
Middleburg Heights, Ohio, Hospital Facilities Revenue Bonds, Southwest General Health Center
8/21 at 100.00
A2
885,461
   
Project, Refunding Series 2011, 5.250%, 8/01/41
      
   
Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A:
      
3,700
  
5.000%, 5/01/30
5/15 at 100.00
A+
3,710,360
2,500
  
5.000%, 5/01/32
5/15 at 100.00
A+
2,504,325
6,105
  
Muskingum County, Ohio, Hospital Facilities Revenue Bonds, Genesis HealthCare System Obligated
2/23 at 100.00
BB+
6,170,140
   
Group Project, Series 2013, 5.000%, 2/15/44
      
95
  
Ohio Higher Educational Facilities Commission, Revenue Bonds, University Hospitals Health
1/17 at 100.00
AA+
102,025
   
System Inc., Series 2007A, 5.250%, 1/15/46 – BHAC Insured
      
   
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Cleveland Clinic
      
   
Health System Obligated Group, Series 2008A:
      
3,000
  
5.000%, 1/01/25
1/18 at 100.00
Aa2
3,305,010
240
  
5.250%, 1/01/33
1/18 at 100.00
Aa2
264,444
1,100
  
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Cleveland Clinic
1/22 at 100.00
Aa2
1,229,514
   
Health System Obligated Group, Series 2012A, 5.000%, 1/01/38
      
   
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Summa Health
      
   
System Project, Series 2010:
      
1,500
  
5.750%, 11/15/40 – AGM Insured
5/20 at 100.00
AA
1,719,045
1,520
  
5.250%, 11/15/40 – AGM Insured
5/20 at 100.00
AA
1,693,174
8,050
  
Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System
1/19 at 100.00
Aa2
9,058,665
   
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:
      
875
  
19.975%, 1/01/17 (IF)
No Opt. Call
Aa2
1,228,780
5,350
  
20.425%, 1/01/33 (IF)
1/19 at 100.00
Aa2
8,031,420
   
Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc., Series 2013A:
      
1,000
  
5.000%, 1/15/28
1/23 at 100.00
A
1,136,360
2,000
  
5.000%, 1/15/29
1/23 at 100.00
A
2,261,980
   
Ross County, Ohio, Hospital Revenue Refunding Bonds, Adena Health System Series 2008:
      
1,425
  
5.750%, 12/01/28
12/18 at 100.00
A–
1,603,196
1,385
  
5.750%, 12/01/35
12/18 at 100.00
A–
1,543,624
1,000
  
5.750%, 12/01/35 – AGC Insured
12/18 at 100.00
AA
1,114,530
   
Wood County, Ohio, Hospital Facilities Refunding and Improvement Revenue Bonds, Wood County
      
   
Hospital Project, Series 2012:
      
2,635
  
5.000%, 12/01/37
No Opt. Call
Baa2
2,747,962
4,920
  
5.000%, 12/01/42
No Opt. Call
Baa2
5,103,959
87,395
  
Total Health Care
    
97,761,874
   
Housing/Multifamily – 2.7% (1.9% of Total Investments)
      
1,350
  
Clermont County, Ohio, GNMA Collateralized Mortgage Revenue Bonds, S.E.M. Villa II Project,
2/15 at 100.00
N/R
1,352,754
   
Series 1994A, 5.950%, 2/20/30
      
670
  
Franklin County, Ohio, GNMA Collateralized Multifamily Housing Mortgage Revenue Bonds, Agler
5/15 at 100.00
Aaa
671,340
   
Project, Series 2002A, 5.550%, 5/20/22 (Alternative Minimum Tax)
      
1,600
  
Montgomery County, Ohio, GNMA Guaranteed Multifamily Housing Revenue Bonds, Canterbury Court
10/18 at 101.00
Aa1
1,698,624
   
Project, Series 2007, 5.500%, 10/20/42 (Alternative Minimum Tax)
      
1,180
  
Ohio Housing Finance Agency, FHA-Insured Multifamily Housing Mortgage Revenue Bonds, Madonna
6/16 at 102.00
A1
1,203,258
   
Homes, Series 2006M, 4.900%, 6/20/48 (Alternative Minimum Tax)
      
3,390
  
Summit County Port Authority, Ohio, Multifamily Housing Revenue Bonds, Callis Tower Apartments
9/17 at 102.00
Aa1
3,548,957
   
Project, Series 2007, 5.250%, 9/20/47 (Alternative Minimum Tax)
      
8,190
  
Total Housing/Multifamily
    
8,474,933
   
Industrials – 2.3% (1.6% of Total Investments)
      
2,055
  
Cleveland-Cuyahoga County Port Authority, Ohio, Common Bond Fund Revenue Bonds, Cleveland
5/15 at 100.00
BBB+
2,064,741
   
Christian Home Project, Series 2002C, 5.950%, 5/15/22
      
680
  
Cleveland-Cuyahoga County Port Authority, Ohio, Development Revenue Bonds, Bond Fund Program –
11/15 at 100.00
BBB+
698,550
   
Columbia National Group Project, Series 2005D, 5.000%, 5/15/20 (Alternative Minimum Tax)
      
3,495
  
Toledo-Lucas County Port Authority, Ohio, Revenue Refunding Bonds, CSX Transportation Inc.,
No Opt. Call
Baa1
4,383,010
   
Series 1992, 6.450%, 12/15/21
      
1,600
  
Western Reserve Port Authority, Ohio, Solid Waste Facility Revenue Bonds, Central Waste Inc.,
7/17 at 102.00
N/R
52,704
   
Series 2007A, 6.350%, 7/01/27 (Alternative Minimum Tax) (5)
      
7,830
  
Total Industrials
    
7,199,005
   
Long-Term Care – 1.1% (0.7% of Total Investments)
      
895
  
Franklin County, Ohio, Healthcare Facilities Revenue Bonds, Ohio Presbyterian Retirement
7/21 at 100.00
BBB–
973,035
   
Services, Improvement Series 2010A, 5.625%, 7/01/26
      
2,220
  
Montgomery County, Ohio, Health Care and Multifamily Housing Revenue Bonds, Saint Leonard,
4/20 at 100.00
BBB–
2,451,879
   
Refunding & improvement Series 2010, 6.625%, 4/01/40
      
3,115
  
Total Long-Term Care
    
3,424,914
   
Materials – 0.7% (0.4% of Total Investments)
      
2,000
  
Toledo-Lucas County Port Authority, Ohio, Port Revenue Bonds, Cargill Inc., Series 2004B,
No Opt. Call
A
2,070,420
   
4.500%, 12/01/15
      
   
Tax Obligation/General – 31.0% (21.4% of Total Investments)
      
125
  
Barberton City School District, Summit County, Ohio, General Obligation Bonds, School
6/18 at 100.00
AA
139,351
   
Improvement Series 2008, 5.250%, 12/01/31
      
   
Central Ohio Solid Waste Authority, General Obligation Bonds, Refunding & Improvements,
      
   
Series 2012:
      
1,140
  
5.000%, 12/01/26
6/22 at 100.00
Aaa
1,335,624
2,545
  
5.000%, 12/01/28
6/22 at 100.00
Aaa
2,958,537
1,605
  
5.000%, 12/01/29
6/22 at 100.00
Aaa
1,854,947
   
Cincinnati, Ohio, General Obligation Bonds, Various Purpose Series 2012A:
      
1,960
  
5.000%, 12/01/31
12/20 at 100.00
Aa2
2,234,204
875
  
5.000%, 12/01/32
12/20 at 100.00
Aa2
997,413
2,000
  
Cleveland, Ohio, General Obligation Bonds, Series 2011, 5.000%, 12/01/29
12/19 at 100.00
AA
2,270,960
1,140
  
Columbia Local School District, Lorain County, Ohio, General Obligation Bonds, School
11/21 at 100.00
A2
1,287,288
   
Facilities Improvement Series 2011, 5.000%, 11/01/39 – AGM Insured
      
   
Columbus City School District, Franklin County, Ohio, General Obligation Bonds, Series 2006:
      
4,310
  
0.000%, 12/01/27 – AGM Insured
No Opt. Call
AA+
2,893,519
5,835
  
0.000%, 12/01/28 – AGM Insured
No Opt. Call
AA+
3,771,336
1,730
  
Franklin County, Ohio, General Obligation Bonds, Refunding Series 2014, 5.000%, 6/01/31
12/23 at 100.00
AAA
2,068,440
   
Franklin County, Ohio, General Obligation Bonds, Various Purpose Series 2007:
      
3,355
  
5.000%, 12/01/27
12/17 at 100.00
AAA
3,714,287
1,840
  
5.000%, 12/01/28
12/17 at 100.00
AAA
2,030,974
   
Gallia County Local School District, Gallia and Jackson Counties, Ohio, General Obligation
      
   
Bonds, Refunding School Improvement Series 2014:
      
1,260
  
5.000%, 11/01/30
11/24 at 100.00
Aa2
1,488,539
1,540
  
5.000%, 11/01/31
11/24 at 100.00
Aa2
1,810,609
   
Greenville City School District, Drake County, Ohio, General Obligation Bonds, School
      
   
Improvement Series 2013:
      
555
  
5.250%, 1/01/38
1/22 at 100.00
AA
621,983
1,355
  
5.250%, 1/01/41
1/22 at 100.00
AA
1,512,194
1,355
  
Grove City, Ohio, General Obligation Bonds, Construction & Improvement Series 2009,
12/19 at 100.00
Aa1
1,556,881
   
5.125%, 12/01/36
      
12,750
  
Hamilton City School District, Ohio, General Obligation Bonds, Series 2007, 5.000%, 12/01/34 –
6/17 at 100.00
AA
13,736,850
   
AGM Insured
      
6,580
  
Indian Lake Local School District, Logan and Auglaize Counties, Ohio, School Facilities
6/17 at 100.00
AA–
7,099,359
   
Improvement and Refunding Bonds, Series 2007, 5.000%, 12/01/34 – NPFG Insured
      
2,160
  
Kenston Local School District, Geauga County, Ohio, General Obligation Bonds, Series 2011,
No Opt. Call
Aa1
1,879,330
   
0.000%, 12/01/21
      
   
Lakewood City School District, Cuyahoga County, Ohio, General Obligation Bonds, Series 2007:
      
1,010
  
5.000%, 12/01/25 – FGIC Insured
12/17 at 100.00
Aa2
1,123,544
775
  
5.000%, 12/01/30 – FGIC Insured
12/17 at 100.00
Aa2
847,439
2,620
  
Lucas County, Ohio, General Obligation Bonds, Various Purpose Series 2010, 5.000%, 10/01/40
10/18 at 100.00
AA
2,903,563
1,130
  
Marysville Exempted Village School District, Union County, Ohio, General Obligation Bonds,
12/15 at 100.00
AA
1,182,737
   
Series 2006, 5.000%, 12/01/25 – AGM Insured
      
4,500
  
Middletown City School District, Butler County, Ohio, General Obligation Bonds, Refunding
No Opt. Call
A2
5,552,055
   
Series 2007, 5.250%, 12/01/31 – AGM Insured
      
1,500
  
Milford Exempted Village School District, Ohio, General Obligation Bonds, Series 2008,
12/18 at 100.00
Aa3
1,674,300
   
5.250%, 12/01/36
      
1,305
  
Monroe Local School District, Butler County, Ohio, General Obligation Bonds, Series 2006,
No Opt. Call
Baa1
1,569,497
   
5.500%, 12/01/24 – AMBAC Insured
      
725
  
Napoleon City School District, Henry County, Ohio, General Obligation Bonds, Facilities
6/22 at 100.00
Aa3
797,515
   
Construction & Improvement Series 2012, 5.000%, 12/01/36
      
2,500
  
New Albany Plain Local School District, Franklin County, Ohio, General Obligation Bonds,
12/22 at 100.00
AA+
2,545,473
   
Refunding School Improvement Series 2013, 4.000%, 12/01/43
      
985
  
Newark City School District, Licking County, Ohio, General Obligation Bonds, Series 2005,
12/15 at 100.00
AA–
1,020,913
   
5.000%, 12/01/28 – NPFG Insured
      
2,300
  
Northmor Local School District, Morrow County, Ohio, General Obligation School Facilities
11/18 at 100.00
Aa2
2,547,687
   
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
522,815
   
Series 2005, 5.000%, 12/01/24 – AGM Insured
      
1,000
  
Ohio State, General Obligation Bonds, Highway Capital Improvement Series 2012Q, 5.000%, 5/01/28
5/22 at 100.00
AAA
1,174,980
3,000
  
Ohio State, General Obligation Bonds, Highway Capital Improvement, Series 2014R,
5/24 at 100.00
AAA
3,610,890
   
5.000%, 5/01/29
      
500
  
Olentangy Local School District, Delaware and Franklin Counties, Ohio, General Obligation
6/18 at 100.00
AA+
552,100
   
Bonds, Series 2008, 5.000%, 12/01/36
      
5,000
  
South Euclid, Ohio, General Obligation Bonds, Real Estate Acquisition and Urban Redevelopment,
6/22 at 100.00
Aa2
5,489,700
   
Series 2012, 5.000%, 6/01/42
      
2,250
  
South-Western City School District, Franklin and Pickaway Counties, Ohio, General Obligation
6/22 at 100.00
AA
2,530,393
   
Bonds, School Facilities Construction & Improvement Series 2012, 5.000%, 12/01/36
      
1,500
  
Springboro Community City School District, Warren County, Ohio, General Obligation Bonds,
No Opt. Call
AA
1,891,215
   
Refunding Series 2007, 5.250%, 12/01/32
      
70
  
Strongsville, Ohio, Limited Tax General Obligation Various Purpose Improvement Bonds, Series
12/14 at 100.00
Aaa
70,335
   
1996, 5.950%, 12/01/21
      
700
  
Sylvania City School District, Lucas County, Ohio, General Obligation Bonds, School
6/17 at 100.00
AA
758,450
   
Improvement Series 1995, 5.250%, 12/01/36 – AGC Insured
      
1,000
  
Vandalia Butler City School District, Montgomery County, Ohio, General Obligation Bonds,
6/19 at 100.00
Aa3
1,081,780
   
School Improvement Series 2009, 5.125%, 12/01/37
      
90,885
  
Total Tax Obligation/General
    
96,710,006
   
Tax Obligation/Limited – 27.7% (19.1% of Total Investments)
      
30
  
Cincinnati City School District, Ohio, Certificates of Participation, School Improvement
12/16 at 100.00
AA
32,084
   
Project, Series 2006, 5.000%, 12/15/32 – AGM Insured
      
   
Cleveland, Ohio, Income Tax Revenue Bonds, Bridges & Roadways Improvements, Subordinate Lien
      
   
Series 2013A-2:
      
1,315
  
5.000%, 10/01/27
10/23 at 100.00
AA
1,532,028
1,520
  
5.000%, 10/01/30
10/23 at 100.00
AA
1,750,037
1,600
  
5.000%, 10/01/31
10/23 at 100.00
AA
1,834,128
3,000
  
Cleveland, Ohio, Income Tax Revenue Bonds, Public Facilities Improvements, Series 2014A-1,
11/23 at 100.00
AA
3,391,680
   
5.000%, 11/15/38
      
500
  
Columbus-Franklin County Finance Authority, Ohio, Development Revenue Bonds, Hubbard Avenue
12/19 at 100.00
BBB
506,510
   
Parking Facility Project, Series 2012A, 5.000%, 12/01/36
      
6,750
  
Cuyahoga County, Ohio, Recovery Zone Facility Economic Development Revenue Bonds, Medical
12/20 at 100.00
Aa2
7,742,723
   
Mart- Convention Center Project, Series 2010F, 5.000%, 12/01/27
      
300
  
Delaware County District Library, Delaware, Franklin, Marion, Morrow and Union Counties, Ohio,
12/19 at 100.00
Aa2
329,979
   
Library Fund Library Facilities Special Obligation Notes, Series 2009, 5.000%, 12/01/34
      
5,000
  
Franklin County Convention Facilities Authority, Ohio, Excise Tax and Lease Revenue
12/15 at 100.00
Aaa
5,218,800
   
Anticipation Bonds, Series 2005, 5.000%, 12/01/27 – AMBAC Insured
      
10,350
  
Franklin County Convention Facilities Authority, Ohio, Tax and Lease Revenue Anticipation and
12/24 at 100.00
Aaa
11,882,111
   
Refunding Bonds, Columbus City & Franklin County Lessees, Series 2014, 5.000%, 12/01/35
      
   
(WI/DD, Settling 12/01/14)
      
   
Greater Cleveland Regional Transit Authority, Ohio, Sales Tax Supported Capital Improvement
      
   
Bonds, Refunding Series 2012:
      
1,010
  
5.250%, 12/01/27
12/21 at 100.00
AAA
1,183,175
1,090
  
5.250%, 12/01/28
12/21 at 100.00
AAA
1,264,629
760
  
5.250%, 12/01/30
12/21 at 100.00
AAA
870,717
600
  
5.000%, 12/01/31
12/14 at 100.00
AAA
670,716
7,250
  
Hamilton County, Ohio, Sales Tax Bonds, Subordinate Lien, Series 2006A, 5.000%, 12/01/32 –
12/16 at 100.00
A+
7,722,483
   
AMBAC Insured
      
5,565
  
Hamilton County, Ohio, Sales Tax Bonds, Subordinate Series 2000B, 0.000%, 12/01/28 –
No Opt. Call
AA
3,375,952
   
AGM Insured
      
5,000
  
Hamilton County, Ohio, Sales Tax Revenue Bonds, Refunding Series 2011A, 5.000%, 12/01/31
12/21 at 100.00
A+
5,622,800
1,750
  
Hudson City School District, Ohio, Certificates of Participation, Series 2012, 4.000%,
6/22 at 100.00
Aa3
1,799,753
   
6/01/34 – NPFG Insured
      
20,700
  
JobsOhio Beverage System, Ohio, Statewide Liquor Profits Revenue Bonds, Senior Lien Series
1/23 at 100.00
AA
23,235,129
   
2013A, 5.000%, 1/01/38
      
1,000
  
New Albany Community Authority, Ohio, Community Facilities Revenue Refunding Bonds, Series
10/22 at 100.00
A1
1,146,490
   
2012C, 5.000%, 10/01/24
      
   
Riversouth Authority, Ohio, Riversouth Area Redevelopment Bonds, Refunding Series 2012A:
      
1,645
  
5.000%, 12/01/23
12/22 at 100.00
AA+
1,955,346
1,200
  
5.000%, 12/01/24
12/22 at 100.00
AA+
1,414,908
   
Vermilion Local School District, East and Lorain Counties, Ohio, Certificates of
      
   
Participation, Series 2012:
      
765
  
5.000%, 12/01/24
No Opt. Call
Aa3
872,069
805
  
5.000%, 12/01/25
12/20 at 100.00
Aa3
910,584
79,505
  
Total Tax Obligation/Limited
    
86,264,831
   
Transportation – 5.2% (3.6% of Total Investments)
      
   
Cleveland, Ohio, Airport System Revenue Bonds, Series 2012A:
      
2,150
  
5.000%, 1/01/30
1/22 at 100.00
A–
2,333,352
1,500
  
5.000%, 1/01/31 – AGM Insured
1/22 at 100.00
AA
1,658,520
3,550
  
Ohio Turnpike Commission, Revenue Refunding Bonds, Series 1998A, 5.500%, 2/15/18 – FGIC Insured
No Opt. Call
AA
4,083,849
2,050
  
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Project, Junior Lien Series
2/23 at 100.00
A+
2,355,327
   
2013A-1, 5.250%, 2/15/39
      
   
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Projects, Junior Lien
      
   
Series 2013A-2:
      
11,250
  
0.000%, 2/15/38
No Opt. Call
A+
4,077,563
5,000
  
0.000%, 2/15/40
No Opt. Call
A+
1,660,500
25,500
  
Total Transportation
    
16,169,111
   
U.S. Guaranteed – 12.1% (8.3% of Total Investments) (6)
      
3,000
  
Centerville City School District, Montgomery County, Ohio, General Obligation Bonds, Series
6/15 at 100.00
Aa1 (6)
3,073,740
   
2005, 5.000%, 12/01/30 (Pre-refunded 6/01/15) – AGM Insured
      
   
Central Ohio Solid Waste Authority, General Obligation Bonds, Refunding & Improvements,
      
   
Series 2012:
      
110
  
5.000%, 12/01/26 (Pre-refunded 6/01/22)
6/22 at 100.00
N/R (6)
134,346
245
  
5.000%, 12/01/28 (Pre-refunded 6/01/22)
6/22 at 100.00
N/R (6)
299,226
160
  
5.000%, 12/01/29 (Pre-refunded 6/01/22)
6/22 at 100.00
N/R (6)
195,413
95
  
Cincinnati City School District, Ohio, Certificates of Participation, School Improvement
12/16 at 100.00
AA (6)
103,902
   
Project, Series 2006, 5.000%, 12/15/32 (Pre-refunded 12/15/16) – AGM Insured
      
1,165
  
Cleveland-Cuyahoga County Port Authority, Ohio, Student Housing Facility Revenue Bonds, Euclid
8/15 at 100.00
N/R (6)
1,172,386
   
Avenue Housing Corporation – Fenn Tower Project, Series 2005, 5.000%, 8/01/23 (Pre-refunded
      
   
8/01/15) – AMBAC Insured
      
1,000
  
Dayton, Ohio, Airport Revenue Bonds, James M. Cox International Airport, Series 2005B, 5.000%,
No Opt. Call
BBB+ (6)
1,000,410
   
12/01/14 – SYNCORA GTY Insured (ETM)
      
1,195
  
Fairview Park City School District, Cuyahoga County, Ohio, General Obligation Bonds, Series
6/15 at 100.00
Aa2 (6)
1,224,552
   
2005, 5.000%, 12/01/24 (Pre-refunded 6/01/15) – NPFG Insured
      
2,620
  
Green, Ohio, General Obligation Bonds, Series 2008, 5.500%, 12/01/32 (Pre-refunded 12/01/15)
12/15 at 100.00
AA+ (6)
2,759,303
   
Hamilton County Convention Facilities Authority, Ohio, First Lien Revenue Bonds, Series 2004:
      
1,085
  
5.000%, 12/01/18 (Pre-refunded 1/05/15) – FGIC Insured
1/15 at 100.00
AA– (6)
1,090,425
1,415
  
5.000%, 12/01/21 (Pre-refunded 1/05/15) – FGIC Insured
1/15 at 100.00
AA– (6)
1,422,075
1,850
  
Hilliard City School District, Franklin County, Ohio, General Obligation Bonds, School
12/15 at 100.00
Aa1 (6)
1,939,817
   
Construction, Series 2005, 5.000%, 12/01/26 (Pre-refunded 12/01/15) – NPFG Insured
      
3,000
  
Hilliard City School District, Franklin County, Ohio, General Obligation Bonds, Series 2006A,
12/16 at 100.00
Aa1 (6)
3,276,060
   
5.000%, 12/01/25 (Pre-refunded 12/01/16) – NPFG Insured
      
1,000
  
Marysville Exempted Village School District, Ohio, Certificates of Participation, School
6/15 at 100.00
N/R (6)
1,025,950
   
Facilities Project, Series 2005, 5.250%, 12/01/21 (Pre-refunded 6/01/15) – NPFG Insured
      
1,885
  
Marysville Exempted Village School District, Union County, Ohio, General Obligation Bonds,
12/15 at 100.00
AA (6)
1,976,724
   
Series 2006, 5.000%, 12/01/25 (Pre-refunded 12/01/15) – AGM Insured
      
1,000
  
Mason City School District, Warren and Butler Counties, Ohio, General Obligation Bonds, Series
6/17 at 100.00
Aa1 (6)
1,111,050
   
2007, 5.000%, 12/01/31 (Pre-refunded 6/01/17)
      
2,680
  
Newark City School District, Licking County, Ohio, General Obligation Bonds, Series 2005,
12/15 at 100.00
AA– (6)
2,810,409
   
5.000%, 12/01/28 (Pre-refunded 12/01/15) – NPFG Insured
      
1,595
  
Ohio State Building Authority, State Facilities Bonds, Administrative Building Fund Projects,
4/15 at 100.00
AA (6)
1,621,493
   
Series 2005A, 5.000%, 4/01/25 (Pre-refunded 4/01/15) – AGM Insured
      
2,000
  
Ohio State Building Authority, State Facilities Bonds, Adult Correctional Building Fund
4/15 at 100.00
AA (6)
2,033,220
   
Project, Series 2005A, 5.000%, 4/01/23 (Pre-refunded 4/01/15) – AGM Insured
      
3,850
  
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, University
1/15 at 100.00
A (6)
3,883,341
   
Hospitals Health System, Series 2009, 6.750%, 1/15/39 (Pre-refunded 1/15/15)
      
1,220
  
Ohio Water Development Authority, Revenue Bonds, Drinking Water Assistance Fund, State Match,
6/18 at 100.00
AAA
1,396,607
   
Series 2008, 5.000%, 6/01/28 (Pre-refunded 6/01/18) – AGM Insured
      
   
Ohio Water Development Authority, Water Pollution Control Loan Fund Revenue Bonds, Water
      
   
Quality Project, Series 2005B:
      
1,225
  
5.000%, 6/01/25 (Pre-refunded 6/01/15)
6/15 at 100.00
AAA
1,255,294
275
  
5.000%, 6/01/25 (Pre-refunded 6/01/15)
6/15 at 100.00
AAA
281,801
2,300
  
Richland County, Ohio, Hospital Revenue Bonds, MidCentral Health System Group, Series 2006,
11/16 at 100.00
A– (6)
2,515,625
   
5.250%, 11/15/36 (Pre-refunded 11/15/16)
      
35,970
  
Total U.S. Guaranteed
    
37,603,169
   
Utilities – 4.9% (3.4% of Total Investments)
      
   
American Municipal Power Ohio Inc., General Revenue Bonds, Prairie State Energy Campus Project
      
   
Series 2008A:
      
50
  
5.000%, 2/15/38 – AGC Insured
2/18 at 100.00
AA
54,466
5,000
  
5.250%, 2/15/43
2/18 at 100.00
A1
5,475,448
   
Cleveland, Ohio, Public Power System Revenue Bonds, Series 2008B:
      
2,000
  
0.000%, 11/15/28 – NPFG Insured
No Opt. Call
AA–
1,188,840
6,895
  
0.000%, 11/15/32 – NPFG Insured
No Opt. Call
AA–
3,233,548
2,155
  
0.000%, 11/15/34 – NPFG Insured
No Opt. Call
AA–
927,103
1,500
  
Ohio Air Quality Development Authority, Air Quality Revenue Refunding Bonds, Columbus Southern
12/14 at 100.00
Baa1
1,671,150
   
Power Company Project, Series 2009B, 5.800%, 12/01/38
      
2,025
  
Ohio Air Quality Development Authority, Ohio, Revenue Bonds, Ohio Valley Electric Corporation
No Opt. Call
BBB–
2,286,630
   
Project, Series 2009E, 5.625%, 10/01/19
      
950
  
Ohio Municipal Electric Generation Agency, Beneficial Interest Certificates, Belleville
No Opt. Call
AA–
572,100
   
Hydroelectric Project – Joint Venture 5, Series 2001, 0.000%, 2/15/29 – NPFG Insured
      
20,575
  
Total Utilities
    
15,409,285
   
Water and Sewer – 11.9% (8.2% of Total Investments)
      
8,150
  
Cincinnati, Ohio, Water System Revenue Bonds, Series 2012A, 5.000%, 12/01/37
12/21 at 100.00
AAA
9,368,751
865
  
City of Marysville, Ohio, Water System Mortgage Revenue Bonds, Series 2007, 5.000%, 12/01/32 –
12/17 at 100.00
A1
945,324
   
AMBAC Insured
      
   
Cleveland, Ohio, Water Revenue Bonds, Second Lien Series 2012A:
      
2,500
  
5.000%, 1/01/25
1/22 at 100.00
Aa2
2,933,050
1,975
  
5.000%, 1/01/26
1/22 at 100.00
Aa2
2,304,470
2,035
  
Cleveland, Ohio, Water Revenue Bonds, Senior Lien Series 2012X, 5.000%, 1/01/42
1/22 at 100.00
Aa1
2,260,924
1,020
  
Cleveland, Ohio, Waterworks First Mortgage Revenue Refunding and Improvement Bonds, Series
No Opt. Call
Aa1
1,177,121
   
1993G, 5.500%, 1/01/21 – NPFG Insured
      
1,275
  
Hamilton County, Ohio, Sewer System Revenue Bonds, Metropolitan Sewer District of Greater
12/24 at 100.00
AA+
1,514,063
   
Cincinnati, Refunding Series 2014A, 5.000%, 12/01/31
      
1,220
  
Hamilton, Ohio, Wastewater System Revenue Bonds, Series 2005, 5.250%, 10/01/22 – AGM Insured
10/15 at 100.00
A1
1,269,788
2,025
  
Ironton, Ohio, Sewer System Improvement Revenue Bonds, Series 2011, 5.250%, 12/01/40 –
12/20 at 100.00
A2
2,231,084
   
AGM Insured
      
1,670
  
Marysville, Ohio, Wastewater Treatment System Revenue Bonds, Series 2006, 5.250%, 12/01/24 –
12/16 at 100.00
A–
1,820,751
   
SYNCORA GTY Insured
      
225
  
Marysville, Ohio, Wastewater Treatment System Revenue Bonds, Series 2007, 5.000%, 12/01/37 –
12/17 at 100.00
A–
245,477
   
SYNCORA GTY Insured
      
2,000
  
Northeast Ohio Regional Sewer District, Wastewater Improvement Revenue Bonds, Series 2013,
5/23 at 100.00
AA+
2,281,760
   
5.000%, 11/15/38
      
4,000
  
Ohio Water Development Authority, Water Pollution Control Loan Fund Revenue Bonds, Series
No Opt. Call
AAA
4,957,400
   
2014, 5.000%, 12/01/23
      
   
Toledo, Ohio, Sewerage System Revenue Bonds, Refunding Series 2013:
      
820
  
5.000%, 11/15/25
11/23 at 100.00
Aa3
962,582
605
  
5.000%, 11/15/26
11/23 at 100.00
Aa3
703,421
1,075
  
5.000%, 11/15/27
11/23 at 100.00
Aa3
1,242,883
695
  
5.000%, 11/15/28
11/23 at 100.00
Aa3
797,943
32,155
  
Total Water and Sewer
    
37,016,792
$ 437,065
  
Total Long-Term Investments (cost $419,650,217)
    
452,388,109
   
Variable Rate Demand Preferred Shares, at Liquidation Value – (47.5)% (7)
    
(148,000,000)
   
Other Assets Less Liabilities – 2.3% (8)
    
7,268,973
   
Net Assets Applicable to Common Shares – 100%
    
$ 311,657,082
 

 
 
 
 
 
Investments in Derivatives as of November 30, 2014
Credit Default Swaps outstanding:
 
Counterparty
Referenced Entity
Buy/Sell
Protection (9)
Current Credit
Spread (10)
Notional
Amount
Fixed Rate
(Annualized)
Termination
Date
Value
Unrealized
Appreciation
(Depreciation) (8)
Goldman Sachs
Commonwealth of Puerto Rico
Buy
25.0%
$3,850,000
5.000%
12/20/19
$932,536
$2,501
 
Fair Value Measurements
 
Fair value is defined as the price that would be received 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
$ —
$452,388,109
$ —
$452,388,109
Investments in Derivatives:
        
Credit Default Swaps*
—
2,501
—
2,501
Total
$ —
$452,390,610
$ —
$452,390,610
* Represents net unrealized appreciation (depreciation).
 
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 November 30, 2014, the cost of investments (excluding investments in derivatives) was $419,107,435.
 
Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) as of November 30, 2014, were as follows:
   
Gross unrealized:
  
Appreciation
$34,785,617
Depreciation
(1,504,943)
Net unrealized appreciation (depreciation) of investments
$33,280,674
     
(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)
  
At or subsequent to the end of the reporting period, this security is non-income producing. Non-income
   
producing, in the case of a fixed-income security, 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.
(6)
  
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.
(7)
  
Variable Rate Demand Preferred Shares, at Liquidation Value as a percentage of Total Investments is 32.7%.
(8)
  
Other Assets Less Liabilities includes the Unrealized Appreciation (Depreciation) of derivative instruments
   
as listed within Investments in Derivatives as of the end of the reporting period.
(9)
  
The Fund entered into the credit default swap to gain investment exposure to the referenced entity. Selling
   
protection has a similar credit risk position to owning that referenced entity. Buying protection has a similar
   
credit risk position to selling the referenced entity short.
(10)
  
The credit spread generally serves as an indication of the current status of the payment/performance risk
   
and therefore the likelihood of default of the credit derivative. The credit spread also reflects the cost of
   
buying/selling protection and may include upfront payments required to be made to enter into a credit
   
default swap contract. Higher credit spreads are indicative of a higher likelihood of performance by the
   
seller of protection.
(ETM)
  
Escrowed to maturity.
(IF)
  
Inverse floating rate investment.
WI/DD
  
Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.
 
 
 
 
 
 
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.

 
 
 
 
 
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 Quality Income Municipal Fund 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:         January 29, 2015        
 
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 29, 2015        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         January 29, 2015