Unassociated Document



 
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 811-7486
 
Nuveen Maryland Premium 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:            5/31          
 
Date of reporting period:         2/28/13         
 
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.

 
 
 
 
 
Item 1. Schedule of Investments
 

 
           
   
Portfolio of Investments (Unaudited)
      
 
   
   Nuveen Maryland Premium Income Municipal Fund (NMY)
      
   
   February 28, 2013
      
 
 
 
 
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
Consumer Discretionary – 4.4% (3.0% of Total Investments)
      
   
Baltimore, Maryland, Senior Lien Convention Center Hotel Revenue Bonds, Series 2006A:
      
$      540
  
5.000%, 9/01/16 – SYNCORA GTY Insured
No Opt. Call
BB+
$      570,542
400
  
5.250%, 9/01/19 – SYNCORA GTY Insured
9/16 at 100.00
BB+
424,140
185
  
5.250%, 9/01/25 – SYNCORA GTY Insured
9/16 at 100.00
BB+
191,458
350
  
5.250%, 9/01/27 – SYNCORA GTY Insured
9/16 at 100.00
BB+
361,064
250
  
4.600%, 9/01/30 – SYNCORA GTY Insured
9/16 at 100.00
BB+
251,043
100
  
5.000%, 9/01/32 – SYNCORA GTY Insured
9/16 at 100.00
BB+
101,379
12,130
  
5.250%, 9/01/39 – SYNCORA GTY Insured
9/16 at 100.00
BB+
12,374,905
1,000
  
Baltimore, Maryland, Subordinate Lien Convention Center Hotel Revenue Bonds, Series 2006B,
9/16 at 100.00
Ba2
1,030,420
   
5.875%, 9/01/39
      
2,000
  
Maryland Economic Development Corporation, Revenue Bonds, Chesapeake Bay Hyatt Conference
12/16 at 100.00
N/R
1,386,260
   
Center, Series 2006A, 5.000%, 12/01/31
      
16,955
  
Total Consumer Discretionary
    
16,691,211
   
Consumer Staples – 7.8% (5.3% of Total Investments)
      
   
Guam Economic Development & Commerce Authority, Tobacco Settlement Asset-Backed Bonds,
      
   
Series 2007A:
      
3,240
  
5.250%, 6/01/32
6/17 at 100.00
B+
3,157,380
2,665
  
5.625%, 6/01/47
6/17 at 100.00
B+
2,371,237
155,700
  
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Bonds, Series 2005A,
5/15 at 11.19
BB–
12,205,323
   
0.000%, 5/15/50
      
   
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,
      
   
Series 2002:
      
7,625
  
5.375%, 5/15/33
5/13 at 100.00
BBB+
7,701,098
3,270
  
5.500%, 5/15/39
5/13 at 100.00
BBB
3,302,635
800
  
Tobacco Settlement Financing Corporation, Virgin Islands, Tobacco Settlement Asset-Backed
5/13 at 100.00
A3
722,696
   
Bonds, Series 2001, 5.000%, 5/15/31
      
173,300
  
Total Consumer Staples
    
29,460,369
   
Education and Civic Organizations – 12.0% (8.2% of Total Investments)
      
2,375
  
Frederick County, Maryland, Educational Facilities Revenue Bonds, Mount Saint Mary’s College,
9/16 at 100.00
BB+
2,399,415
   
Series 2006, 5.625%, 9/01/38
      
3,020
  
Hartford County, Maryland, Economic Development Revenue Bonds, Battelle Memorial Institute,
4/14 at 100.00
A+
3,138,867
   
Series 2004, 5.250%, 4/01/34
      
1,750
  
Maryland Health and Higher Educational Facilities Authority, Educational Facilities Leasehold
7/13 at 100.00
BB+
1,751,208
   
Mortgage Revenue Bonds, McLean School, Series 2001, 6.000%, 7/01/31
      
700
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Goucher College,
7/22 at 100.00
A–
803,761
   
Series 2012A, 5.000%, 7/01/34
      
3,335
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins
No Opt. Call
AA+
3,874,870
   
University, Trust 1003, 14.041%, 3/13/14 (IF)
      
3,500
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland Institute
6/16 at 100.00
AA+
3,676,120
   
College of Art, Series 2006, 5.000%, 6/01/30
      
1,130
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland Institute
6/17 at 100.00
Baa1
1,197,145
   
College of Art, Series 2007, 5.000%, 6/01/36
      
1,500
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland Institute
6/22 at 100.00
Baa1
1,632,945
   
College of Art, Series 2012, 5.000%, 6/01/47
      
745
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Patterson Park
7/20 at 100.00
BBB
806,433
   
Public Charter School Issue, Series 2010, 6.000%, 7/01/40
      
2,100
  
Maryland Industrial Development Financing Authority, Revenue Bonds, Our Lady of Good Counsel
5/15 at 100.00
N/R
2,192,757
   
High School, Series 2005A, 6.000%, 5/01/35
      
   
Montgomery County Revenue Authority, Maryland, Lease Revenue Bonds, Montgomery College Arts
      
   
Center Project, Series 2005A:
      
1,300
  
5.000%, 5/01/18
5/15 at 100.00
AA
1,408,498
1,365
  
5.000%, 5/01/19
5/15 at 100.00
AA
1,473,395
615
  
5.000%, 5/01/20
5/15 at 100.00
AA
660,768
625
  
Morgan State University, Maryland, Student Tuition and Fee Revenue Bonds, Academic Fees and
7/22 at 100.00
Aa3
738,156
   
Auxiliary Facilities, Series 2012, 5.000%, 7/01/29
      
9,445
  
Morgan State University, Maryland, Student Tuition and Fee Revenue Refunding Bonds, Academic
No Opt. Call
Aa3
11,458,107
   
Fees and Auxiliary Facilities, Series 1993, 6.100%, 7/01/20 – NPFG Insured
      
2,000
  
University of Maryland, Auxiliary Facility and Tuition Revenue Bonds, Refunding Series 2012A,
No Opt. Call
AA+
2,005,300
   
3.000%, 4/01/13
      
265
  
University of Puerto Rico, University System Revenue Bonds, Series 2006P, 5.000%, 6/01/23
6/16 at 100.00
BBB–
263,238
1,145
  
University of Puerto Rico, University System Revenue Bonds, Series 2006Q, 5.000%, 6/01/19
6/16 at 100.00
BBB–
1,154,252
   
Westminster, Maryland, Educational Facilities Revenue Bonds, McDaniel College, Series 2006:
      
2,000
  
5.000%, 11/01/31
11/16 at 100.00
BBB+
2,073,500
2,750
  
4.500%, 11/01/36
11/16 at 100.00
BBB+
2,773,485
41,665
  
Total Education and Civic Organizations
    
45,482,220
   
Health Care – 28.7% (19.5% of Total Investments)
      
500
  
Fredericksburg Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds,
No Opt. Call
Baa1
526,640
   
MediCorp Health System, Series 2007, 5.000%, 6/15/14
      
1,115
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds Doctors Community
7/20 at 100.00
Baa3
1,254,230
   
Hospital, Refunding Series 2010, 5.750%, 7/01/38
      
   
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Adventist
      
   
Healthcare, Series 2011A:
      
1,350
  
6.250%, 1/01/31
1/22 at 100.00
Baa2
1,654,925
375
  
6.125%, 1/01/36
1/22 at 100.00
Baa2
449,441
1,500
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Anne Arundel
7/19 at 100.00
A–
1,856,760
   
Health System, Series 2009A, 6.750%, 7/01/39
      
2,500
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Anne Arundel
7/19 at 100.00
A–
2,718,175
   
Health System, Series 2010, 5.000%, 7/01/40
      
3,075
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Calvert Memorial
7/14 at 100.00
A
3,168,849
   
Hospital, Series 2004, 5.500%, 7/01/36
      
2,550
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Carroll Hospital
7/16 at 100.00
A3
2,673,216
   
Center, Series 2006, 5.000%, 7/01/40
      
   
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Carroll Hospital
      
   
Center, Series 2012A:
      
1,000
  
4.000%, 7/01/30
7/22 at 100.00
A3
1,046,420
1,275
  
5.000%, 7/01/37
7/22 at 100.00
A3
1,416,015
4,805
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Civista Medical
7/14 at 100.00
N/R
4,784,579
   
Center, Series 2005, 5.000%, 7/01/37 – RAAI Insured
      
4,050
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Doctors Community
7/17 at 100.00
Baa3
4,190,130
   
Hospital, Series 2007A, 5.000%, 7/01/29
      
3,335
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Frederick Memorial
No Opt. Call
Baa1
3,474,603
   
Hospital Issue, Series 2012A, 4.250%, 7/01/32
      
   
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins
      
   
Health System Obligated Group Issue, Series 2011A:
      
500
  
5.000%, 5/15/25
5/21 at 100.00
AA–
594,610
500
  
5.000%, 5/15/26
5/21 at 100.00
AA–
592,890
4,225
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Kaiser Permanente
7/13 at 100.00
A+
4,242,027
   
System, Series 1998A, 5.375%, 7/01/15
      
6,800
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Kennedy Krieger
7/13 at 100.00
Baa3
6,840,664
   
Institute, Series 2003, 5.500%, 7/01/33
      
2,735
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health
7/17 at 100.00
AA–
2,967,037
   
System, Series 2008, 5.000%, 7/01/28 – AGC Insured
      
1,000
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health
7/21 at 100.00
A
1,198,260
   
System, Series 2011, 6.000%, 7/01/41
      
1,250
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Loyola University
10/22 at 100.00
A
1,435,100
   
Maryland, Series 2012A, 5.000%, 10/01/39
      
   
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health,
      
   
Series 2004:
      
1,000
  
5.000%, 8/15/13
No Opt. Call
A2
1,022,320
4,050
  
5.375%, 8/15/24
8/14 at 100.00
A2
4,281,944
7,720
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health,
5/16 at 100.00
AA+
8,561,403
   
Series 2007, 5.250%, 5/15/46 – BHAC Insured
      
2,300
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Medical
7/22 at 100.00
BBB
2,565,995
   
Center, Series 2011, 5.000%, 7/01/31
      
   
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Medical
      
   
Center Project, Series 2007A:
      
2,375
  
5.000%, 7/01/37
7/17 at 100.00
BBB
2,528,568
2,905
  
5.500%, 7/01/42
7/17 at 100.00
BBB
3,164,475
3,950
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Peninsula Regional
7/16 at 100.00
A
4,188,264
   
Medical Center, Series 2006, 5.000%, 7/01/36
      
4,450
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, The Johns Hopkins
5/20 at 100.00
AA–
4,921,389
   
Health System Obligated Group Issue, Series 2010, 5.000%, 5/15/40
      
   
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Union Hospital of
      
   
Cecil County, Series 2005:
      
1,000
  
5.000%, 7/01/35
7/15 at 100.00
A
1,054,570
1,500
  
5.000%, 7/01/40
7/15 at 100.00
A
1,583,955
4,105
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of
7/19 at 100.00
A2
4,529,088
   
Maryland Medical System Issue, Series 2010, 5.125%, 7/01/39
      
1,000
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of
7/13 at 100.00
A2
1,011,350
   
Maryland Medical System, Series 2004B, 5.000%, 7/01/24 – AMBAC Insured
      
   
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of
      
   
Maryland Medical System, Series 2006:
      
700
  
5.000%, 7/01/31
7/16 at 100.00
A2
746,585
1,325
  
5.000%, 7/01/36
7/16 at 100.00
A2
1,404,924
   
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Washington County
      
   
Hospital, Series 2008:
      
7,075
  
5.750%, 1/01/38
1/18 at 100.00
BBB
7,684,370
1,950
  
6.000%, 1/01/43
1/18 at 100.00
BBB
2,139,326
   
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Western Maryland
      
   
Health, Series 2006A:
      
2,910
  
4.500%, 1/01/22 – NPFG Insured
7/16 at 100.00
Baa2
3,185,577
95
  
5.000%, 7/01/34 – NPFG Insured
7/16 at 100.00
Baa2
99,989
775
  
Maryland Health and Higher Educational Facilities Authority, Revenue Refunding Bonds,
1/14 at 100.00
Baa2
784,083
   
Adventist Healthcare, Series 2003A, 5.750%, 1/01/25
      
   
Prince George’s County, Maryland, Revenue Bonds, Dimensions Health Corporation, Series 1994:
      
3,605
  
5.375%, 7/01/14
7/13 at 100.00
B3
3,606,045
2,595
  
5.300%, 7/01/24
7/13 at 100.00
B3
2,542,010
101,825
  
Total Health Care
    
108,690,801
   
Housing/Multifamily – 5.8% (3.9% of Total Investments)
      
2,050
  
Anne Arundel County, Maryland, FNMA Multifamily Housing Revenue Bonds, Glenview Gardens
1/20 at 102.00
AA+
2,317,525
   
Apartments Project, Series 2009, 5.000%, 1/01/28 (Mandatory put 1/01/27)
      
2,500
  
Maryland Community Development Administration, Housing Revenue Bonds, Series 1999A, 5.350%,
7/13 at 100.00
Aa2
2,502,625
   
7/01/41 (Alternative Minimum Tax)
      
980
  
Maryland Community Development Administration, Housing Revenue Bonds, Series 2002B, 4.950%,
7/13 at 100.00
Aa2
981,029
   
7/01/32 (Alternative Minimum Tax)
      
3,145
  
Maryland Community Development Administration, Multifamily Development Revenue Bonds,
6/13 at 100.00
Aaa
3,149,309
   
Waters Towers Senior Apartments, Series 2001F, 5.450%, 12/15/33 (Alternative Minimum Tax)
      
2,110
  
Maryland Community Development Administration, Multifamily Housing Revenue Bonds, Princess
6/13 at 100.00
Aaa
2,112,891
   
Anne Apartments, Series 2001D, 5.450%, 12/15/33 (Alternative Minimum Tax)
      
   
Maryland Economic Development Corporation, Senior Lien Student Housing Revenue Bonds,
      
   
University of Maryland – Baltimore, Series 2003A:
      
50
  
5.000%, 10/01/15
10/13 at 100.00
B3
48,177
3,460
  
5.625%, 10/01/23
10/13 at 100.00
B3
3,120,020
1,500
  
Maryland Economic Development Corporation, Student Housing Revenue Bonds, Sheppard Pratt
No Opt. Call
BBB–
1,647,165
   
University Village, Series 2012, 5.000%, 7/01/33
      
2,615
  
Maryland Economic Development Corporation, Student Housing Revenue Refunding Bonds, University
6/16 at 100.00
AA–
2,694,391
   
of Maryland College Park Projects, Series 2006, 5.000%, 6/01/33 – CIFG Insured
      
235
  
Montgomery County Housing Opportunities Commission, Maryland, GNMA/FHA-Insured Multifamily
7/13 at 100.00
Aa2
235,971
   
Housing Revenue Bonds, Series 1995A, 5.900%, 7/01/15
      
405
  
Montgomery County Housing Opportunities Commission, Maryland, Multifamily Housing Development
7/13 at 100.00
Aaa
405,838
   
Bonds, Series 2000B, 6.200%, 7/01/30 (Alternative Minimum Tax)
      
   
Prince George’s County Housing Authority, Maryland, GNMA Collateralized Mortgage Revenue
      
   
Refunding Bonds, Overlook Apartments, Series 1995A:
      
970
  
5.700%, 12/20/15
6/13 at 100.00
AA+
973,987
1,670
  
5.750%, 12/20/19
6/13 at 100.00
AA+
1,675,595
21,690
  
Total Housing/Multifamily
    
21,864,523
   
Housing/Single Family – 9.5% (6.5% of Total Investments)
      
5,425
  
Maryland Community Development Administration, Residential Revenue Bonds, Series 2005E,
9/14 at 100.00
AA
5,503,064
   
4.900%, 9/01/36 (Alternative Minimum Tax) (UB) (4)
      
1,800
  
Maryland Community Development Administration, Department of Housing and Community
9/15 at 100.00
AA
1,860,804
   
Development, Residential Revenue Bonds, Series 2006B, 4.750%, 9/01/25 (Alternative
      
   
Minimum Tax) (UB) (4)
      
2,345
  
Maryland Community Development Administration, Department of Housing and Community
9/15 at 100.00
AA
2,427,638
   
Development, Residential Revenue Bonds, Series 2006F, 4.900%, 9/01/26 (Alternative
      
   
Minimum Tax) (UB) (4)
      
7,500
  
Maryland Community Development Administration, Department of Housing and Community
3/16 at 100.00
AA
7,810,500
   
Development, Residential Revenue Bonds, Series 2006I, 4.875%, 9/01/26 (Alternative
      
   
Minimum Tax) (UB) (4)
      
4,075
  
Maryland Community Development Administration, Department of Housing and Community
9/16 at 100.00
AA
4,246,475
   
Development, Residential Revenue Bonds, Series 2006L, 4.900%, 9/01/31 (Alternative
      
   
Minimum Tax) (UB) (4)
      
2,820
  
Maryland Community Development Administration, Department of Housing and Community
3/17 at 100.00
AA
2,911,962
   
Development, Residential Revenue Bonds, Series 2007D, 4.850%, 9/01/37 (Alternative
      
   
Minimum Tax) (UB) (4)
      
1,500
  
Maryland Community Development Administration Department of Housing and Community
3/17 at 100.00
AA
1,587,214
   
Development, Residential Revenue Bonds, Series 2007H, 5.000%, 9/01/27 (Alternative
      
   
Minimum Tax) (UB) (4)
      
3,535
  
Maryland Community Development Administration Department of Housing and Community
9/18 at 100.00
Aa2
3,834,945
   
Development, Residential Revenue Bonds, Series 2008C, 5.375%, 9/01/39
      
3,000
  
Maryland Community Development Administration Department of Housing and Community
9/18 at 100.00
Aa2
3,169,440
   
Development, Residential Revenue Bonds, Series 2009B, 4.750%, 9/01/39
      
2,130
  
Maryland Community Development Administration Department of Housing and Community
3/20 at 100.00
Aa2
2,369,668
   
Development, Residential Revenue Bonds, Series 2010B, 5.250%, 9/01/35
      
240
  
Puerto Rico Housing Finance Authority, Mortgage-Backed Securities Program Home Mortgage
6/13 at 100.00
Aaa
240,655
   
Revenue Bonds, Series 2003A, 4.875%, 6/01/34 (Alternative Minimum Tax)
      
34,370
  
Total Housing/Single Family
    
35,962,365
   
Industrials – 2.7% (1.8% of Total Investments)
      
5,895
  
Maryland Economic Development Corporation, Economic Development Revenue Bonds, Transportation
6/20 at 100.00
Baa3
6,730,204
   
Facilities Project, Series 2010A, 5.750%, 6/01/35
      
3,340
  
Maryland Economic Development Corporation, Solid Waste Disposal Revenue Bonds, Waste
No Opt. Call
BBB
3,592,805
   
Management Inc., Series 2002, 4.600%, 4/01/16 (Alternative Minimum Tax)
      
9,235
  
Total Industrials
    
10,323,009
   
Long-Term Care – 5.6% (3.8% of Total Investments)
      
5,215
  
Baltimore County, Maryland, Revenue Bonds, Oak Crest Village, Series 2007A, 5.000%, 1/01/37
1/17 at 100.00
A–
5,424,174
2,050
  
Gaithersburg, Maryland, Economic Development Revenue Bonds, Asbury Methodist Homes Inc.,
1/20 at 100.00
BBB
2,323,306
   
Series 2009B, 6.000%, 1/01/23
      
   
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Charlestown
      
   
Community Issue, Series 2010:
      
1,685
  
6.125%, 1/01/30
1/21 at 100.00
A
1,967,692
5,000
  
6.250%, 1/01/45
1/21 at 100.00
A
5,759,600
1,000
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Edenwald, Series
7/16 at 100.00
N/R
1,035,890
   
2006A, 5.400%, 1/01/31
      
   
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, King Farm
      
   
Presbyterian Community, Series 2007A:
      
780
  
5.000%, 1/01/17
No Opt. Call
N/R
801,044
1,460
  
5.250%, 1/01/27
1/17 at 100.00
N/R
1,458,467
2,480
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Ridge
7/17 at 100.00
A–
2,559,831
   
Retirement Community, Series 2007, 4.750%, 7/01/34
      
19,670
  
Total Long-Term Care
    
21,330,004
   
Tax Obligation/General – 12.2% (8.3% of Total Investments)
      
1,310
  
Anne Arundel County, Maryland, General Obligation Bonds, Consolidated General Improvements,
No Opt. Call
AAA
1,315,856
   
Series 2008, 5.000%, 4/01/13
      
   
Anne Arundel County, Maryland, General Obligation Bonds, Series 2006:
      
2,540
  
5.000%, 3/01/13
No Opt. Call
AAA
2,541,041
1,565
  
5.000%, 3/01/21
3/16 at 100.00
AAA
1,758,841
685
  
Anne Arundel County, Maryland, Water and Sewer Revenue Bonds, Series 2006, 5.000%, 3/01/17
3/16 at 100.00
AAA
776,420
1,000
  
Baltimore County, Maryland, Consolidated General Obligation Public Improvement Bonds, Series
No Opt. Call
AAA
1,020,740
   
2004, 5.000%, 8/01/13
      
350
  
Baltimore County, Maryland, General Obligation Bonds, Consolidated Public Improvement Series
No Opt. Call
AAA
373,947
   
2009, 5.000%, 8/01/14
      
   
Baltimore, Maryland, General Obligation Bonds, Consolidated Public Improvements, Series 2011A:
      
1,000
  
5.000%, 10/15/29
10/21 at 100.00
Aa2
1,197,690
1,200
  
5.000%, 10/15/30
10/21 at 100.00
Aa2
1,431,048
150
  
Calvert County, Maryland, Consolidated General Obligation Public Improvement Refunding Bonds,
No Opt. Call
AAA
152,216
   
Series 2003, 4.000%, 7/15/13
      
   
Charles County, Maryland, Consolidated General Obligation Public Improvement Bonds,
      
   
Series 2006:
      
2,145
  
5.000%, 3/01/14
No Opt. Call
AA+
2,250,663
805
  
5.000%, 3/01/16
No Opt. Call
AA+
914,818
350
  
Charles County, Maryland, Consolidated General Obligation Public Improvement Bonds, Series
No Opt. Call
AAA
351,169
   
2010, 4.000%, 4/01/13
      
4,000
  
Harford County, Maryland, General Obligation Bonds, Consolidated Public Improvement Series
No Opt. Call
Aaa
4,067,000
   
2009, 5.000%, 7/01/13
      
1,820
  
Harford County, Maryland, General Obligation Bonds, Consolidated Public Improvement Series
No Opt. Call
Aaa
1,867,884
   
2013A, 3.000%, 2/01/14 (WI/DD, Settling 3/05/13)
      
2,305
  
Maryland National Capital Park Planning Commission, Prince George’s County, General Obligation
1/14 at 100.00
AAA
2,401,487
   
Bonds, Park Acquisition and Development, Series 2004EE-2, 5.000%, 1/15/17
      
2,330
  
Maryland, General Obligation Bonds, State and Local Facilities Loan, First Series 2003A,
No Opt. Call
AAA
2,331,002
   
5.250%, 3/01/13
      
95
  
Maryland, General Obligation Bonds, State and Local Facilities Loan, Second Series 2009B,
No Opt. Call
AAA
102,021
   
5.250%, 8/15/14
      
   
Maryland, General Obligation Bonds, State and Local Facilities Loan, Second Series 2010B:
      
1,500
  
5.000%, 8/01/13
No Opt. Call
AAA
1,531,110
1,000
  
5.000%, 8/01/14
No Opt. Call
AAA
1,068,420
1,315
  
Montgomery County, Maryland, Consolidated General Obligation Public Improvement Bonds,
No Opt. Call
AAA
1,342,273
   
Refunding Series 2010A, 5.000%, 8/01/13
      
5,850
  
Montgomery County, Maryland, Consolidated General Obligation Public Improvement Bonds, Series
No Opt. Call
AAA
6,487,416
   
2005A, 5.000%, 7/01/15
      
2,800
  
Montgomery County, Maryland, Consolidated General Obligation Public Improvement Bonds, Series
No Opt. Call
AAA
3,201,632
   
2006A, 5.000%, 5/01/16
      
1,315
  
Prince George’s County, Maryland, General Obligation Consolidated Public Improvement Bonds,
No Opt. Call
AAA
1,425,052
   
Series 2004F, 5.000%, 12/01/15
      
2,270
  
Puerto Rico, General Obligation and Public Improvement Bonds, Series 2002A, 5.500%, 7/01/20 –
No Opt. Call
BBB+
2,485,400
   
NPFG Insured
      
2,155
  
Puerto Rico, General Obligation Bonds, Public Improvement Refunding Series 2007A, 5.500%,
No Opt. Call
BBB+
2,359,488
   
7/01/20 – NPFG Insured
      
1,500
  
Washington Suburban Sanitary District, Montgomery and Prince George’s Counties, Maryland,
No Opt. Call
AAA
1,515,150
   
General Obligation Bonds, Consolidated Public Improvement, Series 2009A, 4.000%, 6/01/13
      
43,355
  
Total Tax Obligation/General
    
46,269,784
   
Tax Obligation/Limited – 23.8% (16.2% of Total Investments)
      
865
  
Anne Arundel County, Maryland, Special Obligation Bonds, National Business Park – North
7/18 at 102.00
N/R
945,376
   
Project, Series 2010, 6.100%, 7/01/40
      
385
  
Baltimore County, Maryland, Certificates of Participation, Equipment Acquisition Program,
No Opt. Call
AA+
406,903
   
Series 2012, 4.000%, 10/01/14
      
120
  
Baltimore, Maryland, Revenue Refunding Bonds, Convention Center, Series 1998, 5.000%,
9/13 at 100.00
Baa2
120,430
   
9/01/19 – NPFG Insured
      
300
  
Baltimore, Maryland, Special Obligation Bonds, North Locust Point Project, Series 2005,
9/15 at 101.00
N/R
306,801
   
5.500%, 9/01/34
      
   
Frederick County, Maryland, Lake Linganore Village Community Development Special Obligation
      
   
Bonds, Series 2001A:
      
119
  
5.600%, 7/01/20 – RAAI Insured
7/13 at 100.00
N/R
119,810
450
  
5.700%, 7/01/29 – RAAI Insured
7/13 at 100.00
N/R
451,773
   
Fredrick County, Maryland, Special Obligation Bonds, Urbana Community Development Authority,
      
   
Series 2010A:
      
5,350
  
5.000%, 7/01/30
7/20 at 100.00
A–
6,010,779
2,355
  
5.000%, 7/01/40
7/20 at 100.00
A–
2,595,469
1,000
  
Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.250%, 1/01/36
1/22 at 100.00
A
1,131,640
2,050
  
Hyattsville, Maryland, Special Obligation Bonds, University Town Center Project, Series 2004,
7/14 at 102.00
N/R
2,090,939
   
5.750%, 7/01/34
      
11,750
  
Maryland Department of Transportation, Consolidated Transportation Revenue Bonds, Series 2002,
No Opt. Call
AAA
13,470,788
   
5.500%, 2/01/16
      
3,180
  
Maryland Department of Transportation, Consolidated Transportation Revenue Bonds, Series 2004,
No Opt. Call
AAA
3,207,221
   
5.000%, 5/01/13
      
1,000
  
Maryland Department of Transportation, Consolidated Transportation Revenue Bonds, Series 2006,
No Opt. Call
AAA
1,045,490
   
5.000%, 2/15/14
      
1,000
  
Maryland Economic Development Corporation, Lease Revenue Bonds, Department of Transportation
No Opt. Call
AA+
1,009,890
   
Headquarters Building, Series 2010, 4.000%, 6/01/13
      
920
  
Maryland Stadium Authority, Lease Revenue Bonds, Montgomery County Conference Center, Series
No Opt. Call
AA+
963,774
   
2012, 4.000%, 6/15/14
      
1,675
  
Montgomery County, Maryland, Special Obligation Bonds, West Germantown Development District,
7/14 at 100.00
A+
1,686,692
   
Senior Series 2002A, 5.500%, 7/01/27 – RAAI Insured
      
3,000
  
Prince George’s County, Maryland, Certificates of Participation, Equipment Acquisition
No Opt. Call
AA+
3,129,840
   
Program, Series 2012, 3.000%, 10/15/14
      
740
  
Prince George’s County, Maryland, Lease Revenue Bonds, Upper Marlboro Justice Center, Series
6/13 at 100.00
AA+
751,855
   
2003A, 5.000%, 6/30/14 – NPFG Insured
      
4,650
  
Prince George’s County, Maryland, Special Obligation Bonds, National Harbor Project, Series
7/15 at 100.00
N/R
4,753,881
   
2005, 5.200%, 7/01/34
      
1,414
  
Prince George’s County, Maryland, Special Tax District Bonds, Victoria Falls Project, Series
7/13 at 100.00
N/R
1,415,372
   
2005, 5.250%, 7/01/35
      
1,000
  
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2005L, 5.250%,
No Opt. Call
BBB
1,019,120
   
7/01/35 – NPFG Insured
      
   
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N:
      
1,100
  
5.500%, 7/01/29 – AMBAC Insured
No Opt. Call
Baa3
1,147,685
7,025
  
5.250%, 7/01/31 – AMBAC Insured
No Opt. Call
BBB
7,128,127
1,850
  
5.250%, 7/01/33 – NPFG Insured
No Opt. Call
BBB
1,878,879
1,000
  
Puerto Rico Highway and Transportation Authority, Subordinate Lien Highway Revenue Bonds,
7/13 at 100.00
BBB–
1,011,860
   
Series 2003, 5.250%, 7/01/15 – FGIC Insured
      
1,530
  
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005A,
No Opt. Call
BBB+
208,585
   
0.000%, 7/01/44 – AMBAC Insured
      
5,605
  
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005C,
No Opt. Call
BBB+
5,883,456
   
5.500%, 7/01/26 – AMBAC Insured
      
2,100
  
Puerto Rico Municipal Finance Agency, Series 2002A, 5.250%, 8/01/21 – AGM Insured
8/13 at 100.00
AA–
2,104,557
525
  
Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Bonds, Series
7/14 at 100.00
BBB
526,071
   
2004I, 5.250%, 7/01/33
      
   
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate
      
   
Series 2009A:
      
970
  
0.000%, 8/01/32
8/26 at 100.00
A+
1,028,210
1,500
  
5.750%, 8/01/37
8/19 at 100.00
A+
1,623,105
   
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate
      
   
Series 2010A:
      
1,425
  
5.375%, 8/01/39
2/20 at 100.00
A+
1,510,172
200
  
5.500%, 8/01/42
2/20 at 100.00
A+
213,188
4,310
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
8/20 at 100.00
A+
4,546,748
   
2010C, 5.250%, 8/01/41
      
   
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A:
      
7,000
  
0.000%, 8/01/40 – NPFG Insured
No Opt. Call
AA–
1,555,260
8,000
  
0.000%, 8/01/41 – NPFG Insured
No Opt. Call
AA–
1,676,960
210
  
0.000%, 8/01/47 – AMBAC Insured
No Opt. Call
AA–
30,083
12,140
  
0.000%, 8/01/56
No Opt. Call
AA–
951,169
   
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 2003AA:
      
520
  
5.500%, 7/01/19 – NPFG Insured
No Opt. Call
BBB+
569,681
2,350
  
5.300%, 7/01/35
7/20 at 100.00
BBB+
2,377,589
820
  
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 2005BB,
No Opt. Call
AA–
933,119
   
5.250%, 7/01/22 – AGM Insured
      
   
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 2007CC:
      
765
  
5.500%, 7/01/28 – NPFG Insured
No Opt. Call
Baa2
796,816
1,200
  
5.500%, 7/01/30
No Opt. Call
BBB+
1,252,608
2,300
  
5.500%, 7/01/30 – AGM Insured
No Opt. Call
AA–
2,642,424
1,645
  
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Subordinate
10/20 at 100.00
Baa2
1,791,339
   
Lien Series 2010B, 5.250%, 10/01/29
      
109,413
  
Total Tax Obligation/Limited
    
90,021,534
   
Transportation – 5.8% (3.9% of Total Investments)
      
   
Baltimore, Maryland, Revenue Refunding Bonds, Parking System Facilities, Series 1998A:
      
1,060
  
5.250%, 7/01/17 – FGIC Insured
No Opt. Call
A1
1,177,342
110
  
5.250%, 7/01/21 – FGIC Insured
No Opt. Call
A1
127,832
265
  
Guam International Airport Authority, Revenue Bonds, Series 2003A, 5.250%, 10/01/21 –
10/13 at 100.00
BBB
270,804
   
NPFG Insured
      
725
  
Guam International Airport Authority, Revenue Bonds, Series 2003B, 5.250%, 10/01/19 –
10/13 at 100.00
BBB
740,878
   
NPFG Insured
      
   
Maryland Health and Higher Educational Facilities Authority, Parking Facilities Revenue Bonds,
      
   
Johns Hopkins Hospital, Series 2001:
      
1,300
  
5.000%, 7/01/27 – AMBAC Insured
7/13 at 100.00
N/R
1,301,664
1,000
  
5.000%, 7/01/34 – AMBAC Insured
7/13 at 100.00
N/R
1,000,850
750
  
Maryland Health and Higher Educational Facilities Authority, Parking Facilities Revenue Bonds,
1/15 at 100.00
N/R
804,743
   
Johns Hopkins Medical Institution, Series 2004B, 5.000%, 7/01/15 – AMBAC Insured
      
460
  
Maryland Health and Higher Educational Facilities Authority, Parking Revenue Bonds, Johns
7/13 at 100.00
A
460,915
   
Hopkins Medical Institutions Parking Facilities, Series 1996, 5.500%, 7/01/26 – AMBAC Insured
      
2,000
  
Maryland Transportation Authority, Revenue Bonds, Grant Anticipation Series 2008,
No Opt. Call
AAA
2,283,620
   
5.250%, 3/01/16
      
10,110
  
Maryland Transportation Authority, Revenue Bonds, Transportation Facilities Projects, Series
7/17 at 100.00
AA–
11,475,457
   
2007, 5.000%, 7/01/30 – AGM Insured (UB)
      
   
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
      
   
Terminal LLC, Sixth Series 1997:
      
20
  
5.750%, 12/01/22 – NPFG Insured (Alternative Minimum Tax)
6/13 at 100.00
BBB–
20,008
70
  
5.750%, 12/01/25 – NPFG Insured (Alternative Minimum Tax)
6/13 at 100.00
Baa2
70,021
2,075
  
Puerto Rico Ports Authority, Special Facilities Revenue Bonds, American Airlines Inc., Series
6/13 at 100.00
N/R
2,199,500
   
1996A, 6.250%, 6/01/26 (Alternative Minimum Tax) (5)
      
19,945
  
Total Transportation
    
21,933,634
   
U.S. Guaranteed – 22.0% (15.0% of Total Investments) (6)
      
2,030
  
Anne Arundel County, Maryland, General Obligation Bonds, Series 2004, 5.000%, 4/01/16
4/14 at 100.00
AAA
2,136,778
   
(Pre-refunded 4/01/14)
      
1,530
  
Baltimore Board of School Commissioners, Maryland, Revenue Bonds, City Public School System,
5/13 at 100.00
AA+ (6)
1,543,051
   
Series 2003A, 5.000%, 5/01/15 (Pre-refunded 5/01/13)
      
500
  
Baltimore County, Maryland, Revenue Bonds, Catholic Health Initiatives, Series 2006A, 5.000%,
9/16 at 100.00
Aa3 (6)
572,095
   
9/01/36 (Pre-refunded 9/01/16)
      
1,540
  
Baltimore, Maryland, General Obligation Consolidated Public Improvement Bonds, Series 2004A,
10/14 at 100.00
Aa2 (6)
1,659,797
   
5.000%, 10/15/22 (Pre-refunded 10/15/14) – AMBAC Insured
      
2,000
  
Baltimore, Maryland, Revenue Bonds, Wastewater Projects, Series 2003A, 5.000%, 7/01/33
7/13 at 100.00
AA (6)
2,033,300
   
(Pre-refunded 7/01/13) – FGIC Insured
      
3,120
  
Baltimore, Maryland, Revenue Refunding Bonds, Water Projects, Series 1998A, 5.000%, 7/01/28 –
No Opt. Call
AA (6)
3,918,190
   
FGIC Insured (ETM)
      
2,000
  
Baltimore, Maryland, Revenue Refunding Bonds, Water System Projects, Series 1994A, 5.000%,
No Opt. Call
AA (6)
2,551,260
   
7/01/24 – FGIC Insured (ETM)
      
1,500
  
Baltimore, Maryland, Wastewater Project Revenue Bonds, Series 2006C, 5.000%, 7/01/31
7/16 at 100.00
AA (6)
1,726,365
   
(Pre-refunded 7/01/16) – AMBAC Insured
      
1,680
  
Carroll County, Maryland, Consolidated Public Improvement Bonds, Series 2005A, 5.000%,
12/15 at 100.00
AAA
1,892,906
   
12/01/16 (Pre-refunded 12/01/15)
      
   
Charles County, Maryland, Consolidated General Obligation Public Improvement Bonds,
      
   
Series 2006:
      
40
  
5.000%, 3/01/14 (ETM)
No Opt. Call
Aa1 (6)
41,935
15
  
5.000%, 3/01/16 (ETM)
No Opt. Call
Aa1 (6)
17,041
1,910
  
Frederick, Maryland, General Obligation Bonds, Series 2005, 5.000%, 8/01/16 (Pre-refunded
8/15 at 100.00
AA (6)
2,124,627
   
8/01/15) – NPFG Insured
      
   
Howard County, Maryland, General Obligation Consolidated Public Improvement Bonds,
      
   
Series 2004B:
      
1,625
  
5.000%, 8/15/17 (Pre-refunded 2/15/14)
2/14 at 100.00
AAA
1,699,669
1,180
  
5.000%, 8/15/19 (Pre-refunded 2/15/14)
2/14 at 100.00
AAA
1,234,221
750
  
Maryland Department of Transportation, Consolidated Transportation Revenue Bonds, Series 2004,
5/14 at 100.00
AAA
792,000
   
5.000%, 5/01/15 (Pre-refunded 5/01/14)
      
2,875
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Goucher College,
7/14 at 100.00
A- (6)
3,064,808
   
Series 2004, 5.125%, 7/01/34 (Pre-refunded 7/01/14)
      
   
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Helix Health,
      
   
Series 1997:
      
1,545
  
5.000%, 7/01/17 – AMBAC Insured (ETM)
No Opt. Call
N/R (6)
1,701,926
3,200
  
5.000%, 7/01/27 – AMBAC Insured (ETM)
No Opt. Call
N/R (6)
4,036,256
3,125
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Howard County
7/13 at 100.00
N/R (6)
3,498,250
   
General Hospital, Series 1993, 5.500%, 7/01/25 (ETM)
      
3,875
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health
7/14 at 100.00
N/R (6)
4,123,775
   
System, Series 2004A, 5.125%, 7/01/34 (Pre-refunded 7/01/14)
      
1,000
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Ridge
4/13 at 101.00
AA+ (6)
1,015,390
   
Retirement Community, Series 2003A, 6.000%, 4/01/35 (Pre-refunded 4/01/13)
      
885
  
Maryland National Capital Park Planning Commission, Prince George’s County, General Obligation
1/14 at 100.00
Aaa
921,745
   
Bonds, Park Acquisition and Development, Series 2004EE-2, 5.000%, 1/15/17
      
   
(Pre-refunded 1/15/14)
      
   
Maryland Stadium Authority, Lease Revenue Bonds, Montgomery County Conference Center
      
   
Facilities, Series 2003:
      
1,465
  
5.000%, 6/15/21 (Pre-refunded 6/15/13)
6/13 at 100.00
AA+ (6)
1,486,008
1,620
  
5.000%, 6/15/23 (Pre-refunded 6/15/13)
6/13 at 100.00
AA+ (6)
1,643,231
1,700
  
5.000%, 6/15/24 (Pre-refunded 6/15/13)
6/13 at 100.00
AA+ (6)
1,724,378
1,555
  
Maryland Transportation Authority, Revenue Refunding Bonds, Transportation Facilities
No Opt. Call
AAA
1,734,603
   
Projects, First Series 1978, 6.800%, 7/01/16 – AMBAC Insured (ETM)
      
1,670
  
Maryland, General Obligation Bonds, State and Local Facilities Loan, Second Series 2003,
8/13 at 100.00
AAA
1,704,552
   
5.000%, 8/01/15 (Pre-refunded 8/01/13)
      
   
Morgan State University, Maryland, Student Tuition and Fee Revenue Bonds, Academic Fees and
      
   
Auxiliary Facilities, Series 2003A:
      
500
  
5.000%, 7/01/20 (Pre-refunded 7/01/13) – FGIC Insured
7/13 at 100.00
Aa3 (6)
508,235
1,000
  
5.000%, 7/01/32 (Pre-refunded 7/01/13) – FGIC Insured
7/13 at 100.00
Aa3 (6)
1,016,470
4,000
  
Northeast Maryland Waste Disposal Authority, Montgomery County, Resource Recovery Bonds,
4/13 at 100.00
AA (6)
4,017,040
   
Series 2003, 5.500%, 4/01/15 (Pre-refunded 4/01/13) – AMBAC Insured (Alternative
      
   
Minimum Tax)
      
   
Prince George’s County, Maryland, General Obligation Consolidated Public Improvement Bonds,
      
   
Series 2003A:
      
1,500
  
5.000%, 10/01/17 (Pre-refunded 10/01/13)
10/13 at 100.00
AAA
1,543,140
5,770
  
5.000%, 10/01/18 (Pre-refunded 10/01/13)
10/13 at 100.00
AAA
5,935,945
1,315
  
Puerto Rico Housing Finance Authority, Capital Fund Program Revenue Bonds, Series 2003,
12/13 at 100.00
Aaa
1,362,366
   
5.000%, 12/01/19 (Pre-refunded 12/01/13)
      
1,100
  
Puerto Rico Public Finance Corporation, Commonwealth Appropriation Bonds, Series 1998A,
No Opt. Call
Aaa
1,375,154
   
5.125%, 6/01/24 – AMBAC Insured (ETM)
      
1,000
  
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 1996Y,
7/16 at 100.00
Aaa
1,167,120
   
5.500%, 7/01/36 (Pre-refunded 7/01/16)
      
2,380
  
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 2003AA,
No Opt. Call
Baa2 (6)
3,035,642
   
5.500%, 7/01/19 – NPFG Insured (ETM)
      
3,135
  
University of Maryland, Auxiliary Facility and Tuition Revenue Bonds, Series 2006A, 5.000%,
10/16 at 100.00
AA+ (6)
3,626,223
   
10/01/22 (Pre-refunded 10/01/16)
      
   
Washington Suburban Sanitary District, Montgomery and Prince George’s Counties, Maryland,
      
   
Sewerage Disposal Bonds, Series 2005:
      
4,500
  
5.000%, 6/01/16 (Pre-refunded 6/01/15)
6/15 at 100.00
AAA
4,972,410
1,235
  
5.000%, 6/01/23 (Pre-refunded 6/01/15)
6/15 at 100.00
AAA
1,364,650
1,235
  
5.000%, 6/01/24 (Pre-refunded 6/01/15)
6/15 at 100.00
AAA
1,364,650
1,235
  
5.000%, 6/01/25 (Pre-refunded 6/01/15)
6/15 at 100.00
AAA
1,364,650
75,840
  
Total U.S. Guaranteed
    
83,251,852
   
Utilities – 2.9% (2.0% of Total Investments)
      
550
  
Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2002LL, 5.500%, 7/01/17 –
No Opt. Call
BBB+
607,354
   
NPFG Insured
      
2,015
  
Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2004OO, 5.000%, 7/01/13 –
No Opt. Call
AA–
2,037,830
   
CIFG Insured
      
3,600
  
Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2004PP, 5.000%, 7/01/22 –
7/14 at 100.00
BBB+
3,665,015
   
FGIC Insured
      
1,570
  
Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2005RR, 5.000%, 7/01/22 –
7/15 at 100.00
BBB+
1,618,685
   
FGIC Insured
      
1,040
  
Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2010XX, 5.250%, 7/01/40
7/20 at 100.00
BBB+
1,052,240
1,225
  
Puerto Rico Electric Power Authority, Power Revenue Refunding Bonds, Series 2002JJ, 5.250%,
No Opt. Call
BBB+
1,304,722
   
7/01/15 – NPFG Insured
      
730
  
Virgin Islands Water and Power Authority, Electric System Revenue Bonds, Refunding Series
7/17 at 100.00
Baa3
771,908
   
2007A, 5.000%, 7/01/24
      
10,730
  
Total Utilities
    
11,057,754
   
Water and Sewer – 3.8% (2.6% of Total Investments)
      
2,690
  
Baltimore, Maryland, Revenue Refunding Bonds, Wastewater Projects, Series 2002A, 5.125%,
7/13 at 100.00
AA
2,700,007
   
7/01/42 – NPFG Insured
      
1,045
  
Baltimore, Maryland, Revenue Refunding Bonds, Water System Projects, Series 1994A, 5.000%,
No Opt. Call
AA
1,242,744
   
7/01/24 – FGIC Insured
      
2,570
  
Baltimore, Maryland, Wastewater Project Revenue Bonds, Series 2006C, 5.000%, 7/01/31 –
7/16 at 100.00
AA
2,858,944
   
AMBAC Insured
      
3,000
  
Baltimore, Maryland, Wastewater Project Revenue Bonds, Series 2007D, 5.000%, 7/01/32 –
7/17 at 100.00
AA
3,401,159
   
AMBAC Insured
      
2,000
  
Baltimore, Maryland, Wastewater Project Revenue Bonds, Series 2011A, 5.000%, 7/01/41
7/21 at 100.00
AA
2,303,539
1,645
  
Maryland Water Quality Financing Administration, Revolving Loan Fund Revenue Bonds, Series
No Opt. Call
AAA
1,836,082
   
2005A, 5.000%, 9/01/15
      
12,950
  
Total Water and Sewer
    
14,342,475
$ 690,943
  
Total Investments (cost $517,251,820) – 147.0%
    
556,681,535
   
Floating Rate Obligations – (5.8)%
    
(21,995,000)
   
MuniFund Term Preferred Shares, at Liquidation Value – (43.9)% (7)
    
(166,144,000)
   
Other Assets Less Liabilities - 2.7%
    
10,204,186
   
Net Assets Applicable to Common Shares - 100%
    
$ 378,746,721
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements
 
Fair value is defined as the price that the Funds 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
$ —
$556,681,535
$ —
$556,681,535
 
 
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 February 28, 2013, the cost of investments was $495,725,545.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of February 28, 2013, were as follows:
 
   
Gross unrealized:
  
Appreciation
$42,486,714
Depreciation
(3,525,609)
Net unrealized appreciation (depreciation) of investments
$38,961,105
 
 
     
(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 security, 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)
  
MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 29.8%
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.
  
 
 
 
 
 
 
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 Maryland Premium Income Municipal Fund 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:         April 29, 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:         April 29, 2013        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         April 29, 2013