N-Q 1 a13-22429_7nq.htm N-Q

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number 811-21619

 

 

Nuveen Equity Premium Income Fund

 

(Exact name of registrant as specified in charter)

 

   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:

12/31

 

Date of reporting period:

9/30/2013

 

 

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 Equity Premium Income Fund (JPZ)

 

 

 

 

 

September 30, 2013

 

 

 

 

Shares

 

Description (1)

 

Value

 

 

 

LONG-TERM INVESTMENTS – 99.4%

 

 

 

 

 

Common Stocks – 99.4% (5)

 

 

 

 

 

Aerospace & Defense – 2.9%

 

 

 

40,566

 

Boeing Company

 

$     4,766,505

 

44,474

 

Honeywell International Inc.

 

3,693,121

 

32,905

 

Raytheon Company

 

2,535,988

 

35,076

 

United Technologies Corporation

 

3,781,894

 

 

 

Total Aerospace & Defense

 

14,777,508

 

 

 

Air Freight & Logistics – 0.7%

 

 

 

38,709

 

United Parcel Service, Inc., Class B

 

3,536,841

 

 

 

Airlines – 0.0%

 

 

 

3,957

 

United Continental Holdings Inc., (2)

 

121,519

 

 

 

Auto Components – 0.2%

 

 

 

30,296

 

Cooper Tire & Rubber

 

933,117

 

 

 

Automobiles – 0.9%

 

 

 

185,001

 

Ford Motor Company

 

3,120,967

 

8,800

 

General Motors Company, (2)

 

316,536

 

16,861

 

Harley-Davidson, Inc.

 

1,083,151

 

 

 

Total Automobiles

 

4,520,654

 

 

 

Beverages – 2.4%

 

 

 

156,685

 

Coca-Cola Company

 

5,935,228

 

14,723

 

Monster Beverage Corporation, (2)

 

769,277

 

72,442

 

PepsiCo, Inc.

 

5,759,139

 

 

 

Total Beverages

 

12,463,644

 

 

 

Biotechnology – 2.1%

 

 

 

40,799

 

Amgen Inc.

 

4,567,040

 

22,699

 

Celgene Corporation, (2)

 

3,494,057

 

47,374

 

Gilead Sciences, Inc., (2)

 

2,976,982

 

 

 

Total Biotechnology

 

11,038,079

 

 

 

Building Products – 0.2%

 

 

 

42,748

 

Masco Corporation

 

909,677

 

 

 

Capital Markets – 2.1%

 

 

 

99,725

 

Charles Schwab Corporation

 

2,108,187

 

20,622

 

Goldman Sachs Group, Inc.

 

3,262,607

 

35,138

 

Legg Mason, Inc.

 

1,175,015

 

93,438

 

Morgan Stanley

 

2,518,154

 

38,635

 

Waddell & Reed Financial, Inc., Class A

 

1,988,930

 

 

 

Total Capital Markets

 

11,052,893

 

 

 

Chemicals – 2.4%

 

 

 

48,008

 

Dow Chemical Company

 

1,843,507

 

42,638

 

E.I. Du Pont de Nemours and Company

 

2,496,881

 

28,457

 

Eastman Chemical Company

 

2,216,800

 

22,507

 

Monsanto Company

 

2,349,056

 

53,293

 

Olin Corporation

 

1,229,470

 

60,403

 

RPM International, Inc.

 

2,186,589

 

 

 

Total Chemicals

 

12,322,303

 

 

 

Commercial Banks – 2.6%

 

 

 

33,724

 

Comerica Incorporated

 

1,325,690

 

16,998

 

HSBC Holdings PLC, Sponsored ADR

 

922,311

 

17,184

 

PNC Financial Services Group, Inc.

 

1,244,981

 

73,795

 

U.S. Bancorp

 

2,699,421

 

170,506

 

Wells Fargo & Company

 

7,045,308

 

 

 

Total Commercial Banks

 

13,237,711

 

 

 

Commercial Services & Supplies – 0.5%

 

 

 

3,549

 

Deluxe Corporation

 

147,851

 

40,642

 

Pitney Bowes Inc.

 

739,278

 

16,031

 

R.R. Donnelley & Sons Company

 

253,290

 

35,497

 

Waste Management, Inc.

 

1,463,896

 

 

 

Total Commercial Services & Supplies

 

2,604,315

 

 

 

Communications Equipment – 2.2%

 

 

 

14,156

 

ADTRAN, Inc.

 

377,116

 

3,408

 

Ciena Corporation, (2)

 

85,132

 

222,389

 

Cisco Systems, Inc.

 

5,208,350

 

11,034

 

JDS Uniphase Corporation, (2)

 

162,310

 

21,303

 

Motorola Solutions Inc.

 

1,264,972

 

63,509

 

QUALCOMM, Inc.

 

4,277,966

 

 

 

Total Communications Equipment

 

11,375,846

 

 

 

Computers & Peripherals – 3.7%

 

 

 

32,229

 

Apple, Inc.

 

15,365,176

 

67,332

 

Dell Inc.

 

927,162

 

108,453

 

EMC Corporation

 

2,772,059

 

 

 

Total Computers & Peripherals

 

19,064,397

 

 

 

Consumer Finance – 0.7%

 

 

 

23,246

 

American Express Company

 

1,755,538

 

32,690

 

Discover Financial Services

 

1,652,153

 

 

 

Total Consumer Finance

 

3,407,691

 

 

 

Containers & Packaging – 0.5%

 

 

 

3,177

 

Avery Dennison Corporation

 

138,263

 

37,972

 

Packaging Corp. of America

 

2,167,821

 

5,718

 

Sonoco Products Company

 

222,659

 

 

 

Total Containers & Packaging

 

2,528,743

 

 

 

Distributors – 0.4%

 

 

 

29,044

 

Genuine Parts Company

 

2,349,369

 

 

 

Diversified Consumer Services – 0.0%

 

 

 

7,623

 

Apollo Group, Inc., Class A, (2)

 

158,635

 

 

 

Diversified Financial Services – 4.5%

 

 

 

414,679

 

Bank of America Corporation

 

5,722,570

 

112,577

 

Citigroup Inc.

 

5,461,110

 

33,950

 

CME Group, Inc.

 

2,508,226

 

133,818

 

JPMorgan Chase & Co.

 

6,917,052

 

39,312

 

Leucadia National Corporation

 

1,070,859

 

40,722

 

New York Stock Exchange Euronext

 

1,709,510

 

 

 

Total Diversified Financial Services

 

23,389,327

 

 

 

Diversified Telecommunication Services – 3.1%

 

 

 

248,747

 

AT&T Inc.

 

8,412,624

 

24,804

 

CenturyLink Inc.

 

778,350

 

248,097

 

Frontier Communications Corporation

 

1,034,564

 

118,769

 

Verizon Communications Inc.

 

5,541,762

 

18,198

 

Windstream Holdings Inc.

 

145,584

 

 

 

Total Diversified Telecommunication Services

 

15,912,884

 

 

 

Electric Utilities – 1.4%

 

 

 

44,780

 

Duke Energy Corporation

 

2,990,408

 

27,323

 

Great Plains Energy Incorporated

 

606,571

 

38,092

 

OGE Energy Corp.

 

1,374,740

 

80,800

 

Pepco Holdings, Inc.

 

1,491,568

 

15,004

 

Southern Company

 

617,865

 

 

 

Total Electric Utilities

 

7,081,152

 

 

 

Electrical Equipment – 0.6%

 

 

 

28,305

 

Emerson Electric Company

 

1,831,334

 

14,553

 

Rockwell Automation, Inc.

 

1,556,298

 

 

 

Total Electrical Equipment

 

3,387,632

 

 

 

Electronic Equipment & Instruments – 0.3%

 

 

 

118,215

 

Corning Incorporated

 

1,724,757

 

 

 

Energy Equipment & Services – 2.1%

 

 

 

6,964

 

Diamond Offshore Drilling, Inc.

 

433,996

 

18,452

 

Ensco International PLC, Class A, Sponsored ADR

 

991,795

 

75,115

 

Halliburton Company

 

3,616,787

 

16,059

 

Patterson-UTI Energy, Inc.

 

343,341

 

52,180

 

Schlumberger Limited

 

4,610,625

 

16,157

 

Tidewater Inc.

 

957,949

 

 

 

Total Energy Equipment & Services

 

10,954,493

 

 

 

Food & Staples Retailing – 1.3%

 

 

 

39,079

 

CVS Caremark Corporation

 

2,217,733

 

38,696

 

SUPERVALU INC., (2)

 

318,468

 

59,540

 

Wal-Mart Stores, Inc.

 

4,403,578

 

 

 

Total Food & Staples Retailing

 

6,939,779

 

 

 

Food Products – 1.1%

 

 

 

37,375

 

Kraft Foods Inc.

 

1,959,945

 

112,127

 

Mondelez International Inc.

 

3,523,030

 

 

 

Total Food Products

 

5,482,975

 

 

 

Gas Utilities – 1.1%

 

 

 

36,031

 

AGL Resources Inc.

 

1,658,507

 

12,516

 

Atmos Energy Corporation

 

533,056

 

22,995

 

National Fuel Gas Company

 

1,581,136

 

38,518

 

ONEOK, Inc.

 

2,053,780

 

 

 

Total Gas Utilities

 

5,826,479

 

 

 

Health Care Equipment & Supplies – 1.5%

 

 

 

72,041

 

Abbott Laboratories

 

2,391,041

 

4,460

 

Hologic Inc., (2)

 

92,099

 

3,342

 

Intuitive Surgical, Inc., (2)

 

1,257,494

 

78,706

 

Medtronic, Inc.

 

4,191,095

 

 

 

Total Health Care Equipment & Supplies

 

7,931,729

 

 

 

Health Care Providers & Services – 2.1%

 

 

 

6,002

 

Aetna Inc.

 

384,248

 

6,901

 

Brookdale Senior Living Inc., (2)

 

181,496

 

33,153

 

Express Scripts Holding Company, (2)

 

2,048,192

 

13,578

 

HCA Holdings Inc.

 

580,460

 

1,116

 

Henry Schein Inc., (2)

 

115,729

 

39,267

 

Kindred Healthcare Inc.

 

527,356

 

67,899

 

UnitedHealth Group Incorporated

 

4,862,247

 

25,221

 

Wellpoint Inc.

 

2,108,728

 

 

 

Total Health Care Providers & Services

 

10,808,456

 

 

 

Health Care Technology – 0.0%

 

 

 

228

 

Cerner Corporation, (2)

 

11,981

 

 

 

Hotels, Restaurants & Leisure – 1.0%

 

 

 

22,200

 

Carnival Corporation

 

724,608

 

42,761

 

International Game Technology

 

809,466

 

2,272

 

Interval Leisure Group Inc.

 

53,687

 

39,308

 

McDonald’s Corporation

 

3,781,823

 

 

 

Total Hotels, Restaurants & Leisure

 

5,369,584

 

 

 

Household Durables – 0.9%

 

 

 

2,990

 

Garmin Limited

 

135,118

 

64,653

 

Newell Rubbermaid Inc.

 

1,777,958

 

13,864

 

Tupperware Corporation

 

1,197,434

 

11,356

 

Whirlpool Corporation

 

1,662,973

 

 

 

Total Household Durables

 

4,773,483

 

 

 

Household Products – 1.9%

 

 

 

29,756

 

Colgate-Palmolive Company

 

1,764,531

 

11,711

 

Kimberly-Clark Corporation

 

1,103,410

 

90,419

 

Procter & Gamble Company

 

6,834,772

 

 

 

Total Household Products

 

9,702,713

 

 

 

Industrial Conglomerates – 2.5%

 

 

 

35,764

 

3M Co.

 

4,270,579

 

367,915

 

General Electric Company

 

8,789,489

 

57

 

Siemens AG, Sponsored ADR

 

6,869

 

 

 

Total Industrial Conglomerates

 

13,066,937

 

 

 

Insurance – 2.4%

 

 

 

47,749

 

Allstate Corporation

 

2,413,712

 

8,871

 

Arthur J. Gallagher & Co.

 

387,219

 

36,694

 

Fidelity National Financial, Inc.

 

976,060

 

20,464

 

Hartford Financial Services Group, Inc.

 

636,840

 

13,665

 

Kemper Corporation

 

459,144

 

44,881

 

Lincoln National Corporation

 

1,884,553

 

63,707

 

Marsh & McLennan Companies, Inc.

 

2,774,440

 

35,546

 

Travelers Companies, Inc.

 

3,013,234

 

 

 

Total Insurance

 

12,545,202

 

 

 

Internet & Catalog Retail – 1.5%

 

 

 

14,883

 

Amazon.com, Inc., (2)

 

4,653,021

 

3,103

 

HSN, Inc.

 

166,383

 

2,786

 

Priceline.com Incorporated, (2)

 

2,816,507

 

 

 

Total Internet & Catalog Retail

 

7,635,911

 

 

 

Internet Software & Services – 2.8%

 

 

 

10,937

 

Akamai Technologies, Inc., (2)

 

565,443

 

49,259

 

eBay Inc., (2)

 

2,748,160

 

8,710

 

Google Inc., Class A, (2)

 

7,629,176

 

44,605

 

United Online, Inc.

 

355,948

 

5,616

 

ValueClick, Inc., (2)

 

117,094

 

10,002

 

VeriSign, Inc., (2)

 

509,002

 

71,826

 

Yahoo! Inc., (2)

 

2,381,750

 

 

 

Total Internet Software & Services

 

14,306,573

 

 

 

IT Services – 4.0%

 

 

 

1,600

 

Alliance Data Systems Corporation, (2)

 

338,352

 

34,359

 

Automatic Data Processing, Inc.

 

2,486,904

 

17,199

 

Cognizant Technology Solutions Corporation, Class A, (2)

 

1,412,382

 

32,696

 

Fidelity National Information Services

 

1,518,402

 

32,768

 

International Business Machines Corporation (IBM)

 

6,067,978

 

3,197

 

Lender Processing Services Inc.

 

106,364

 

5,819

 

MasterCard, Inc.

 

3,914,907

 

42,671

 

Paychex, Inc.

 

1,734,149

 

16,519

 

Visa Inc., Class A

 

3,156,781

 

 

 

Total IT Services

 

20,736,219

 

 

 

Leisure Equipment & Products – 0.5%

 

 

 

19,609

 

Polaris Industries Inc.

 

2,533,091

 

 

 

Machinery – 2.4%

 

 

 

15,616

 

Caterpillar Inc.

 

1,301,906

 

15,272

 

Cummins Inc.

 

2,029,191

 

20,884

 

Deere & Company

 

1,699,749

 

13,600

 

Graco Inc.

 

1,007,216

 

13,107

 

Ingersoll-Rand PLC

 

851,169

 

16,893

 

Parker Hannifin Corporation

 

1,836,607

 

11,767

 

Snap-on Incorporated

 

1,170,817

 

5,979

 

SPX Corporation

 

506,063

 

12,948

 

Stanley Black & Decker Inc.

 

1,172,700

 

12,000

 

Timken Company

 

724,800

 

 

 

Total Machinery

 

12,300,218

 

 

 

Media – 3.4%

 

 

 

41,236

 

CBS Corporation, Class B

 

2,274,578

 

114,249

 

Comcast Corporation, Class A

 

5,158,342

 

6,400

 

DISH Network Corp, Class A

 

288,064

 

39,613

 

New York Times, Class A, (2)

 

497,935

 

2,025

 

News Corporation, Class B, (2)

 

33,271

 

35,396

 

Omnicom Group, Inc.

 

2,245,522

 

113,479

 

Regal Entertainment Group, Class A

 

2,153,831

 

73,604

 

The Walt Disney Company

 

4,746,722

 

8,100

 

Twenty-First Century Fox Inc., Class B

 

270,540

 

 

 

Total Media

 

17,668,805

 

 

 

Metals & Mining – 0.8%

 

 

 

88,284

 

Alcoa Inc.

 

716,866

 

29,074

 

Freeport-McMoRan Copper & Gold, Inc.

 

961,768

 

6,726

 

Newmont Mining Corporation

 

189,001

 

24,595

 

Nucor Corporation

 

1,205,647

 

32,749

 

Southern Copper Corporation

 

892,083

 

 

 

Total Metals & Mining

 

3,965,365

 

 

 

Multiline Retail – 1.1%

 

 

 

4,000

 

Family Dollar Stores, Inc.

 

288,080

 

36,680

 

Macy’s, Inc.

 

1,587,144

 

25,718

 

Nordstrom, Inc.

 

1,445,352

 

8,076

 

Sears Holding Corporation, (2)

 

481,653

 

26,723

 

Target Corporation

 

1,709,738

 

 

 

Total Multiline Retail

 

5,511,967

 

 

 

Multi-Utilities – 1.4%

 

 

 

40,212

 

Ameren Corporation

 

1,400,986

 

22,660

 

Consolidated Edison, Inc.

 

1,249,472

 

30,824

 

Integrys Energy Group, Inc.

 

1,722,753

 

15,734

 

Northwestern Corporation

 

706,771

 

60,347

 

Public Service Enterprise Group Incorporated

 

1,987,227

 

 

 

Total Multi-Utilities

 

7,067,209

 

 

 

Oil, Gas & Consumable Fuels – 8.1%

 

 

 

9,051

 

Cenovus Energy Inc.

 

270,172

 

72,213

 

Chevron Corporation

 

8,773,880

 

59,011

 

ConocoPhillips

 

4,101,855

 

39,168

 

CONSOL Energy Inc.

 

1,318,003

 

22,581

 

Continental Resources Inc., (2)

 

2,422,038

 

16,151

 

EnCana Corporation

 

279,897

 

20,469

 

EOG Resources, Inc.

 

3,464,992

 

152,804

 

Exxon Mobil Corporation

 

13,147,254

 

36,332

 

Occidental Petroleum Corporation

 

3,398,495

 

38,405

 

Phillips 66

 

2,220,577

 

4,626

 

Total SA, Sponsored ADR

 

267,938

 

63,848

 

Valero Energy Corporation

 

2,180,409

 

 

 

Total Oil, Gas & Consumable Fuels

 

41,845,510

 

 

 

Pharmaceuticals – 6.4%

 

 

 

72,041

 

AbbVie Inc.

 

3,222,394

 

111,190

 

Bristol-Myers Squibb Company

 

5,145,873

 

41,183

 

Eli Lilly and Company

 

2,072,740

 

98,400

 

Johnson & Johnson

 

8,530,296

 

132,433

 

Merck & Company Inc.

 

6,305,135

 

270,678

 

Pfizer Inc.

 

7,771,165

 

 

 

Total Pharmaceuticals

 

33,047,603

 

 

 

Professional Services – 0.1%

 

 

 

3,665

 

Manpower Inc.

 

266,592

 

6,949

 

Resources Connection, Inc.

 

94,298

 

 

 

Total Professional Services

 

360,890

 

 

 

Real Estate Investment Trust – 2.6%

 

 

 

96,573

 

Annaly Capital Management Inc.

 

1,118,315

 

39,521

 

Brandywine Realty Trust

 

520,887

 

44,183

 

CapLease Inc.

 

375,114

 

25,456

 

CommonWealth REIT

 

557,741

 

55,131

 

CubeSmart

 

983,537

 

15,432

 

Health Care REIT, Inc.

 

962,648

 

47,225

 

Healthcare Realty Trust, Inc.

 

1,091,370

 

45,684

 

Hospitality Properties Trust

 

1,292,857

 

88,469

 

Lexington Corporate Properties Trust

 

993,507

 

27,077

 

Liberty Property Trust

 

963,941

 

17,263

 

Medical Properties Trust Inc.

 

210,091

 

28,311

 

MFA Mortgage Investments, Inc.

 

210,917

 

26,716

 

Senior Housing Properties Trust

 

623,551

 

11,215

 

Sun Communities Inc.

 

477,983

 

25,238

 

Ventas Inc.

 

1,552,137

 

54,475

 

Weyerhaeuser Company

 

1,559,619

 

 

 

Total Real Estate Investment Trust

 

13,494,215

 

 

 

Road & Rail – 1.0%

 

 

 

17,765

 

Norfolk Southern Corporation

 

1,374,123

 

24,329

 

Union Pacific Corporation

 

3,779,267

 

 

 

Total Road & Rail

 

5,153,390

 

 

 

Semiconductors & Equipment – 2.3%

 

 

 

25,275

 

Analog Devices, Inc.

 

1,189,189

 

96,369

 

Applied Materials, Inc.

 

1,690,312

 

21,444

 

Broadcom Corporation, Class A

 

557,758

 

213,873

 

Intel Corporation

 

4,901,969

 

12,846

 

Intersil Holding Corporation, Class A

 

144,261

 

3,087

 

Lam Research Corporation, (2)

 

158,024

 

24,776

 

Microchip Technology Incorporated

 

998,225

 

27,856

 

NVIDIA Corporation

 

433,439

 

51,579

 

Texas Instruments Incorporated

 

2,077,086

 

 

 

Total Semiconductors & Equipment

 

12,150,263

 

 

 

Software – 3.7%

 

 

 

23,572

 

Adobe Systems Incorporated, (2)

 

1,224,330

 

18,599

 

Autodesk, Inc., (2)

 

765,721

 

304,276

 

Microsoft Corporation

 

10,135,434

 

146,688

 

Oracle Corporation

 

4,865,641

 

37,900

 

Salesforce.com, Inc., (2)

 

1,967,389

 

 

 

Total Software

 

18,958,515

 

 

 

Specialty Retail – 2.6%

 

 

 

18,330

 

Abercrombie & Fitch Co., Class A

 

648,332

 

41,497

 

American Eagle Outfitters, Inc.

 

580,543

 

21,475

 

Best Buy Co., Inc.

 

805,313

 

7,749

 

CST Brands Inc.

 

230,920

 

50,218

 

Home Depot, Inc.

 

3,809,035

 

36,675

 

L Brands Inc.

 

2,240,843

 

53,033

 

Lowe’s Companies, Inc.

 

2,524,901

 

472

 

Ross Stores, Inc.

 

34,362

 

13,465

 

Tiffany & Co.

 

1,031,688

 

28,637

 

TJX Companies, Inc.

 

1,614,840

 

 

 

Total Specialty Retail

 

13,520,777

 

 

 

Textiles, Apparel & Luxury Goods – 0.2%

 

 

 

7,159

 

Cherokee Inc.

 

93,139

 

3,766

 

VF Corporation

 

749,622

 

 

 

Total Textiles, Apparel & Luxury Goods

 

842,761

 

 

 

Thrifts & Mortgage Finance – 0.2%

 

 

 

36,703

 

Hudson City Bancorp, Inc.

 

332,162

 

60,610

 

New York Community Bancorp Inc.

 

915,817

 

 

 

Total Thrifts & Mortgage Finance

 

1,247,979

 

 

 

Tobacco – 2.0%

 

 

 

97,022

 

Altria Group, Inc.

 

3,332,706

 

66,206

 

Philip Morris International

 

5,732,778

 

20,787

 

Reynolds American Inc.

 

1,013,990

 

5,364

 

Vector Group Ltd.

 

86,368

 

 

 

Total Tobacco

 

10,165,842

 

 

 

Wireless Telecommunication Services – 0.0%

 

 

 

5,500

 

USA Mobility Inc.

 

77,880

 

 

 

Total Long-Term Investments (cost $338,866,998)

 

513,903,488

 

 

Principal

 

 

 

 

 

 

 

 

 

 

 

Amount (000)

 

Description (1)

 

 

 

Coupon

 

Maturity

 

Value

 

 

 

Short-Term Investments – 3.7%

 

 

 

 

 

 

 

 

 

$     19,031

 

Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/13, repurchase price $19,030,509, collateralized by $19,610,000 U.S. Treasury Notes, 2.500%, due 8/15/23, value $19,413,900

 

 

 

0.000%

 

10/01/13

 

$    19,030,509

 

 

 

Total Short-Term Investments (cost $19,030,509)

 

 

 

 

 

 

 

19,030,509

 

 

 

Total Investments (cost $357,897,507) – 103.1%

 

 

 

 

 

 

 

532,933,997

 

 

 

Other Assets Less Liabilities – (3.1)% (3)

 

 

 

 

 

 

 

(15,866,604

)

 

 

Net Assets – 100%

 

 

 

 

 

 

 

$  517,067,393

 

 

Investments in Derivatives as of September 30, 2013

 

Call Options Written outstanding:

 

Number of

 

 

 

Notional

 

Expiration

 

Strike

 

 

 

Contracts

 

Type

 

Amount (4)

 

Date

 

Price

 

Value (3)

 

(367

)

S&P 500® Index

 

$  (60,555,000

)

10/19/13

 

$ 1,650

 

$    (1,618,470

)

(330

)

S&P 500® Index

 

(55,275,000

)

10/19/13

 

1,675

 

(859,650

)

(351

)

S&P 500® Index

 

(58,968,000

)

10/19/13

 

1,680

 

(807,300

)

(569

)

S&P 500® Index

 

(96,730,000

)

10/19/13

 

1,700

 

(694,180

)

(406

)

S&P 500® Index

 

(69,426,000

)

10/19/13

 

1,710

 

(336,980

)

(279

)

S&P 500® Index

 

(46,732,500

)

11/16/13

 

1,675

 

(1,037,880

)

(375

)

S&P 500® Index

 

(63,750,000

)

11/16/13

 

1,700

 

(860,625

)

(343

)

S&P 500® Index

 

(59,167,500

)

11/16/13

 

1,725

 

(437,325

)

(3,020

)

Total Call Options Written (premiums received $10,729,257)

 

$ (510,604,000

)

 

 

 

 

$   (6,652,410

)

 

 

 

Fair Value Measurements

 

 

 

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

 

 

 

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

 

 

 

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

 

 

 

Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

 

 

 

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

Long-Term Investments:

 

 

 

 

 

 

 

 

 

 

 

Common Stocks

 

$  513,903,488

 

$                 —

 

$   —

 

$  513,903,488

 

 

 

Short-Term Investments:

 

 

 

 

 

 

 

 

 

 

 

Repurchase Agreements

 

 

19,030,509

 

 

19,030,509

 

 

 

Derivatives:

 

 

 

 

 

 

 

 

 

 

 

Call Options Written

 

(6,652,410

)

 

 

(6,652,410

)

 

 

Total

 

$  507,251,078

 

$  19,030,509

 

$   —

 

$  526,281,587

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 recording income, timing differences in recognizing certain gains and losses on investment transactions and the recognition of unrealized gain or loss for tax (mark-to-market) on option contracts. 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 September 30, 2013, the cost of investments (excluding investments in derivatives) was $358,309,751.

 

 

 

 

 

 

 

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) as of September 30, 2013, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross unrealized:

 

 

 

 

 

 

 

Appreciation

 

 

 

$  208,914,846

 

 

 

Depreciation

 

 

 

(34,290,600

)

 

 

 

 

 

 

 

 

 

 

Net unrealized appreciation (depreciation) of investments

 

 

 

$  174,624,246

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

 

 

 

 

 

 

 

 

 

(1)

 

All percentages shown in the Portfolio of Investments are based on net assets.

 

 

 

(2)

 

Non-income producing; issuer has not declared a dividend within the past twelve months.

 

 

 

(3)

 

Other Assets Less Liabilities includes the Value of derivative instruments as listed within Investments in Derivatives as of the end of the reporting period.

 

 

 

(4)

 

For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Strike Price by 100.

 

 

 

(5)

 

The Fund may designate up to 100% of its common stock investments to cover outstanding call options written.

 

 

 

ADR

 

American Depositary Receipt.

 

 



 

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: 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 Equity Premium Income Fund

 

 

 

 

 

 

 

By (Signature and Title)

/s/ Kevin J. McCarthy

 

 

Kevin J. McCarthy

 

 

Vice President and Secretary

 

 

 

Date: November 27, 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: November 27, 2013

 

 

 

By (Signature and Title)

/s/ Stephen D. Foy

 

 

Stephen D. Foy

 

 

Vice President and Controller (principal financial officer)

 

 

 

Date: November 27, 2013