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 811-21983

 

 

NASDAQ Premium Income & Growth Fund Inc.

 

(Exact name of registrant as specified in charter)

 

Nuveen Investments

   333 West Wacker Drive, Chicago, Illinois 60606   

 

 

(Address of principal executive offices) (Zip code)

 

 

Kevin J. McCarthy

Vice President and Secretary
   333 West Wacker Drive, Chicago, Illinois 60606   

 

 

(Name and address of agent for service)

 

Registrant’s telephone number, including area code:

312-917-7700

 

Date of fiscal year end:

12/31

 

Date of reporting period:

3/31/2013

 

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)

 

 

 

 

 

NASDAQ Premium Income & Growth Fund Inc.  (QQQX)

 

 

 

 

 

March 31, 2013

 

 

 

 

Shares

 

Description (1)

 

Value

 

 

 

Common Stocks – 100.4%

 

 

 

 

 

Aerospace & Defense – 0.7%

 

 

 

8,234

 

General Dynamics Corporation

 

$           580,579

 

2,843

 

Lockheed Martin Corporation

 

274,406

 

2,019

 

Precision Castparts Corporation

 

382,843

 

8,828

 

United Technologies Corporation

 

824,800

 

 

 

Total Aerospace & Defense

 

2,062,628

 

 

 

Air Freight & Logistics – 0.4%

 

 

 

2,768

 

FedEx Corporation

 

271,818

 

8,274

 

United Parcel Service, Inc., Class B

 

710,737

 

4,069

 

UTI Worldwide, Inc.

 

58,919

 

 

 

Total Air Freight & Logistics

 

1,041,474

 

 

 

Airlines – 0.1%

 

 

 

6,915

 

Ryanair Holdings PLC

 

288,909

 

 

 

Auto Components – 0.2%

 

 

 

1,406

 

Autoliv Inc.

 

97,211

 

1,182

 

BorgWarner Inc., (2)

 

91,416

 

10,993

 

Gentex Corporation

 

219,970

 

4,227

 

Lear Corporation

 

231,935

 

 

 

Total Auto Components

 

640,532

 

 

 

Beverages – 0.2%

 

 

 

4,447

 

Brown-Forman Corporation

 

317,516

 

1,705

 

PepsiCo, Inc.

 

134,883

 

 

 

Total Beverages

 

452,399

 

 

 

Biotechnology – 8.8%

 

 

 

14,421

 

Alkermes Inc., (2)

 

341,922

 

11,732

 

BioMarin Pharmaceutical Inc., (2)

 

730,434

 

65,433

 

Celgene Corporation, (2)

 

7,584,339

 

9,456

 

Cubist Pharmaceuticals Inc., (2)

 

442,730

 

3,743

 

Genomic Health, Inc., (2)

 

105,852

 

230,000

 

Gilead Sciences, Inc., (2)

 

11,253,900

 

6,049

 

Immunogen, Inc., (2)

 

97,147

 

9,571

 

Incyte Pharmaceuticals Inc., (2)

 

224,057

 

10,136

 

ISIS Pharmaceuticals, Inc., (2)

 

171,704

 

36,642

 

Lexicon Genetics, Inc., (2)

 

79,880

 

12,904

 

Myriad Genentics Inc., (2)

 

327,762

 

5,158

 

Onyx Pharmaceuticals Inc., (2)

 

458,340

 

9,000

 

Regeneron Pharmaceuticals, Inc., (2)

 

1,587,600

 

12,177

 

Seattle Genetics, Inc., (2)

 

432,405

 

3,054

 

Theravance Inc., (2)

 

72,135

 

6,117

 

United Therapeutics Corporation, (2)

 

372,342

 

25,630

 

Vertex Pharmaceuticals Inc., (2)

 

1,409,137

 

 

 

Total Biotechnology

 

25,691,686

 

 

 

Capital Markets – 0.4%

 

 

 

1,498

 

Franklin Resources, Inc.

 

225,913

 

11,627

 

SEI Investments Company

 

335,439

 

5,883

 

T. Rowe Price Group Inc.

 

440,460

 

5,152

 

TD Ameritrade Holding Corporation

 

106,234

 

 

 

Total Capital Markets

 

1,108,046

 

 

 

Chemicals – 0.5%

 

 

 

2,138

 

Air Products & Chemicals Inc.

 

186,263

 

5,970

 

Ecolab Inc.

 

478,675

 

7,810

 

Methanex Corporation

 

317,320

 

1,163

 

Monsanto Company

 

122,848

 

3,448

 

Praxair, Inc.

 

384,590

 

 

 

Total Chemicals

 

1,489,696

 

 

 

Commercial Services & Supplies – 0.6%

 

 

 

3,842

 

Cintas Corporation

 

169,547

 

5,162

 

Copart Inc., (2)

 

176,953

 

2,907

 

Iron Mountain Inc.

 

105,553

 

7,605

 

KAR Auction Services Inc.

 

152,328

 

3,753

 

Rollins Inc.

 

92,136

 

15,000

 

Tetra Tech, Inc., (2)

 

457,350

 

3,738

 

United Stationers, Inc.

 

144,474

 

4,788

 

Waste Connections Inc.

 

172,272

 

9,417

 

Waste Management, Inc.

 

369,241

 

 

 

Total Commercial Services & Supplies

 

1,839,854

 

 

 

Communications Equipment – 8.7%

 

 

 

604,206

 

Cisco Systems, Inc.

 

12,633,947

 

21,858

 

LM Ericsson Telefonaktiebolget, Sponsored ADR

 

275,411

 

184,022

 

QUALCOMM, Inc.

 

12,320,273

 

 

 

Total Communications Equipment

 

25,229,631

 

 

 

Computers & Peripherals – 14.3%

 

 

 

90,000

 

Apple, Inc., (3)

 

39,836,698

 

8,806

 

EMC Corporation, (2)

 

210,375

 

24,822

 

SanDisk Corporation, (2)

 

1,365,210

 

 

 

Total Computers & Peripherals

 

41,412,283

 

 

 

Containers & Packaging – 0.0%

 

 

 

1,377

 

Silgan Holdings, Inc.

 

65,063

 

 

 

Distributors – 0.3%

 

 

 

40,470

 

LKQ Corporation, (2)

 

880,627

 

 

 

Diversified Consumer Services – 0.0%

 

 

 

1,285

 

Strayer Education Inc.

 

62,168

 

 

 

Diversified Telecommunication Services – 0.4%

 

 

 

11,623

 

AT&T Inc.

 

426,448

 

12,086

 

Verizon Communications Inc.

 

594,027

 

 

 

Total Diversified Telecommunication Services

 

1,020,475

 

 

 

Electrical Equipment – 0.1%

 

 

 

4,297

 

Eaton PLC

 

263,191

 

 

 

Electronic Equipment & Instruments – 0.3%

 

 

 

995

 

Amphenol Corporation, Class A

 

74,277

 

3,675

 

Arrow Electronics, Inc., (2)

 

149,279

 

5,960

 

Avnet Inc., (2)

 

215,752

 

13,756

 

National Instruments Corporation

 

450,509

 

1,870

 

Plexus Corporation, (2)

 

45,460

 

 

 

Total Electronic Equipment & Instruments

 

935,277

 

 

 

Food & Staples Retailing – 0.7%

 

 

 

2,453

 

Casey’s General Stores, Inc.

 

143,010

 

5,132

 

CVS Caremark Corporation

 

282,209

 

1,862

 

Fresh Market Inc., (2)

 

79,638

 

20,370

 

Kroger Co.

 

675,062

 

1,050

 

PriceSmart, Inc.

 

81,722

 

14,234

 

Walgreen Co.

 

678,677

 

 

 

Total Food & Staples Retailing

 

1,940,318

 

 

 

Health Care Equipment & Supplies – 1.0%

 

 

 

11,141

 

Abbott Laboratories

 

393,500

 

4,453

 

Baxter International, Inc.

 

323,466

 

2,926

 

Becton, Dickinson and Company

 

279,755

 

1,655

 

C. R. Bard, Inc.

 

166,791

 

6,787

 

Covidien PLC

 

460,430

 

1,123

 

Idexx Labs Inc., (2)

 

103,754

 

9,210

 

Medtronic, Inc.

 

432,502

 

2,552

 

Saint Jude Medical Inc.

 

103,203

 

3,714

 

Stryker Corporation

 

242,301

 

1,202

 

Varian Medical Systems, Inc., (2)

 

86,544

 

2,561

 

Zimmer Holdings, Inc.

 

192,638

 

 

 

Total Health Care Equipment & Supplies

 

2,784,884

 

 

 

Health Care Providers & Services – 2.0%

 

 

 

7,890

 

AmerisourceBergen Corporation

 

405,941

 

7,457

 

Cardinal Health, Inc.

 

310,360

 

75,000

 

Express Scripts, Holding Company, (2)

 

4,323,750

 

5,773

 

McKesson HBOC Inc.

 

623,253

 

1,606

 

Patterson Companies, Inc.

 

61,092

 

 

 

Total Health Care Providers & Services

 

5,724,396

 

 

 

Health Care Technology – 0.1%

 

 

 

8,481

 

Allscripts Healthcare Solutions Inc., (2)

 

115,257

 

13,136

 

Quality Systems Inc.

 

240,126

 

 

 

Total Health Care Technology

 

355,383

 

 

 

Hotels, Restaurants & Leisure – 0.8%

 

 

 

3,330

 

Cheesecake Factory Inc.

 

128,571

 

2,690

 

Darden Restaurants, Inc.

 

139,019

 

1,773

 

Panera Bread Company, (2)

 

292,971

 

13,593

 

Wynn Resorts Ltd

 

1,701,300

 

 

 

Total Hotels, Restaurants & Leisure

 

2,261,861

 

 

 

Household Durables – 0.1%

 

 

 

100

 

NVR Inc., (2)

 

108,011

 

15,000

 

Skullcandy Inc., (2)

 

79,200

 

 

 

Total Household Durables

 

187,211

 

 

 

Household Products – 0.1%

 

 

 

3,724

 

Procter & Gamble Company

 

286,971

 

 

 

Industrial Conglomerates – 0.1%

 

 

 

1,793

 

3M Co.

 

190,614

 

3,005

 

Danaher Corporation

 

186,761

 

 

 

Total Industrial Conglomerates

 

377,375

 

 

 

Insurance – 0.1%

 

 

 

5,268

 

CNA Financial Corporation

 

172,211

 

 

 

Internet & Catalog Retail – 6.1%

 

 

 

50,000

 

Amazon.com, Inc., (2)

 

13,324,500

 

1,604

 

Hosting Site Network, Inc.

 

87,995

 

6,208

 

priceline.com Incorporated, (2)

 

4,270,669

 

 

 

Total Internet & Catalog Retail

 

17,683,164

 

 

 

Internet Software & Services – 12.2%

 

 

 

31,371

 

Baidu.com, Inc., Sponsored ADR, (2)

 

2,751,237

 

147,828

 

eBay Inc., (2), (3)

 

8,015,234

 

28,325

 

Google Inc., Class A, (2)

 

22,490,900

 

11,128

 

IAC/InterActiveCorp.

 

497,199

 

4,807

 

J2 Global Inc.

 

188,482

 

1,436

 

Mercadolibre, Inc.

 

138,660

 

7,516

 

Netease.com, Inc.

 

411,651

 

4,376

 

NIC, Incorporated

 

83,844

 

5,556

 

Open Text Corporation

 

327,971

 

1,733

 

Sina Corporation

 

84,206

 

2,032

 

Sohu.com Inc.

 

100,808

 

8,335

 

ValueClick, Inc., (2)

 

246,299

 

5,270

 

WebMD Health Corporation, Class A, (2)

 

128,166

 

 

 

Total Internet Software & Services

 

35,464,657

 

 

 

IT Services – 2.1%

 

 

 

4,453

 

Acxiom Corporation, (2)

 

90,841

 

27,590

 

Amdocs Limited

 

1,000,138

 

10,704

 

Computer Sciences Corporation

 

526,958

 

5,989

 

CSG Systems International Inc., (2), (3)

 

126,907

 

19,208

 

Genpact Limited

 

349,394

 

1,448

 

Global Payments Inc.

 

71,908

 

19,648

 

Henry Jack and Associates Inc.

 

907,934

 

9,723

 

International Business Machines Corporation (IBM)

 

2,073,916

 

8,650

 

ManTech International Corporation, Class A

 

232,426

 

3,931

 

NeuStar, Inc., (2)

 

182,909

 

20,035

 

SAIC, Inc.

 

271,474

 

6,846

 

Sapient Corporation, (2)

 

83,453

 

2,118

 

Teradata Corporation, (2)

 

123,924

 

8,580

 

Total System Services Inc.

 

212,612

 

 

 

Total IT Services

 

6,254,794

 

 

 

Life Sciences Tools & Services – 0.8%

 

 

 

4,788

 

Charles River Laboratories International, Inc., (2)

 

211,965

 

14,460

 

ICON plc, (2)

 

466,913

 

5,980

 

Luminex Corporation, (2)

 

98,790

 

20,567

 

Techne Corporation

 

1,395,471

 

1,133

 

Thermo Fisher Scientific, Inc.

 

86,663

 

 

 

Total Life Sciences Tools & Services

 

2,259,802

 

 

 

Machinery – 0.4%

 

 

 

2,571

 

AGCO Corporation

 

134,001

 

4,955

 

CNH Global N.V.

 

204,741

 

1,251

 

Deere & Company

 

107,561

 

7,181

 

Makita Corporation, ADR

 

319,483

 

3,641

 

Nordson Corporation

 

240,124

 

2,114

 

WABCO Holdings Inc., (2)

 

149,227

 

 

 

Total Machinery

 

1,155,137

 

 

 

Media – 6.9%

 

 

 

230,000

 

Comcast Corporation, Class A

 

9,662,300

 

14,000

 

Discovery Communications inc., Class A Shares, (2)

 

1,102,360

 

6,138

 

Focus Media Holding, Limited

 

164,560

 

2,045

 

Lamar Advertising Company, (2)

 

99,407

 

205,331

 

News Corporation, Class A

 

6,266,702

 

11,375

 

Omnicom Group, Inc.

 

669,988

 

2,345

 

Scripps Networks Interactive, Class A Shares

 

150,877

 

25,207

 

Thomson Corporation

 

818,723

 

9,988

 

Walt Disney Company

 

567,318

 

6,836

 

WPP Group PLC

 

547,700

 

 

 

Total Media

 

20,049,935

 

 

 

Metals & Mining – 0.2%

 

 

 

6,000

 

Rangold Resources Limited

 

515,880

 

 

 

Multiline Retail – 0.7%

 

 

 

7,979

 

Dollar General Corporation, (2)

 

403,578

 

17,152

 

Family Dollar Stores, Inc.

 

1,012,826

 

10,757

 

Macy’s, Inc.

 

450,073

 

2,818

 

Nordstrom, Inc.

 

155,638

 

 

 

Total Multiline Retail

 

2,022,115

 

 

 

Office Electronics – 0.1%

 

 

 

29,579

 

Xerox Corporation

 

254,379

 

1,872

 

Zebra Technologies Corporation, Class A, (2)

 

88,227

 

 

 

Total Office Electronics

 

342,606

 

 

 

Pharmaceuticals – 1.2%

 

 

 

11,141

 

AbbVie Inc.

 

454,330

 

1,753

 

Actavis Inc., (2)

 

161,469

 

4,275

 

Allergan, Inc.

 

477,218

 

3,606

 

Bristol-Myers Squibb Company

 

148,531

 

8,946

 

Endo Pharmaceuticals Holdings Inc., (2)

 

275,179

 

12,362

 

Forest Laboratories, Inc., (2)

 

470,250

 

9,693

 

Johnson & Johnson

 

790,270

 

6,009

 

Shire plc, ADR

 

548,982

 

5,980

 

ViroPharma, Inc., (2)

 

150,457

 

 

 

Total Pharmaceuticals

 

3,476,686

 

 

 

Professional Services – 0.6%

 

 

 

6,314

 

Equifax Inc.

 

363,623

 

2,798

 

IHS Inc., (2)

 

293,007

 

1,389

 

Towers Watson & Company, Class A Shares

 

96,285

 

15,000

 

Verisk Analytics Inc, Class A Shares, (2)

 

924,450

 

 

 

Total Professional Services

 

1,677,365

 

 

 

Real Estate Investment Trust – 0.5%

 

 

 

20,439

 

American Tower REIT Inc.

 

1,572,168

 

 

 

Road & Rail – 0.5%

 

 

 

3,987

 

CSX Corporation

 

98,200

 

19,779

 

Heartland Express, Inc.

 

263,852

 

4,374

 

J.B. Hunt Transports Serives Inc.

 

325,776

 

9,051

 

Landstar System

 

516,722

 

8,819

 

Werner Enterprises, Inc.

 

212,891

 

 

 

Total Road & Rail

 

1,417,441

 

 

 

Semiconductors & Equipment – 8.5%

 

 

 

9,078

 

Aixtron AG, Aachen SH

 

133,083

 

28,000

 

Analog Devices, Inc., (3)

 

1,301,720

 

12,000

 

ARM Holdings PLC

 

508,440

 

2,443

 

ASM International NV

 

81,327

 

10,563

 

ASM Lithography Holding NV

 

718,390

 

2,227

 

Cabot Microelectronics Corporation, (2)

 

77,388

 

5,000

 

Cirrus Logic Inc., (2)

 

113,750

 

10,000

 

Cree, Inc., (2)

 

547,100

 

1,754

 

Cymer, Inc., (2)

 

168,559

 

5,040

 

Hittite Microwave Corporation, (2)

 

305,222

 

575,000

 

Intel Corporation, (3)

 

12,563,750

 

5,743

 

International Rectifier Corporation, (2)

 

121,464

 

11,540

 

Intersil Holding Corporation, Class A

 

100,513

 

4,477

 

Lam Research Corporation, (2)

 

185,616

 

17,996

 

LSI Logic Corporation, (2)

 

122,013

 

2,198

 

Mellanox Technologies, Limited

 

122,011

 

121,609

 

Micron Technology, Inc., (2)

 

1,213,658

 

8,107

 

Microsemi Corporation, (2)

 

187,839

 

72,634

 

NVIDIA Corporation

 

931,168

 

7,270

 

NXP Semiconductors NV, (2)

 

219,990

 

27,886

 

ON Semiconductor Corporation, (2)

 

230,896

 

5,933

 

Power Integrations Inc.

 

257,552

 

11,023

 

Rambus Inc., (2)

 

61,839

 

5,950

 

Semtech Corporation, (2)

 

210,571

 

10,146

 

Silicon Laboratories Inc., (2)

 

419,639

 

44,749

 

Siliconware Precision Industries Company Limited

 

260,439

 

8,537

 

Skyworks Solutions Inc., (2)

 

188,070

 

25,000

 

Taiwan Semiconductor Manufacturing Company Limited

 

429,750

 

7,657

 

Tessera Technologies Inc.

 

143,569

 

80,000

 

Texas Instruments Incorporated, (3)

 

2,838,400

 

 

 

Total Semiconductors & Equipment

 

24,763,726

 

 

 

Software – 15.4%

 

 

 

1,606

 

ACI Worldwide, Inc., (2)

 

78,469

 

5,000

 

Advent Software Inc., (2)

 

139,850

 

7,378

 

Ansys Inc., (2)

 

600,717

 

2,847

 

Blackbaud, Inc.

 

84,357

 

18,065

 

Cadence Design Systems, Inc., (2)

 

251,645

 

16,834

 

Compuware Corporation, (2)

 

210,425

 

3,694

 

Concur Technologies, Inc., (2)

 

253,630

 

4,334

 

Informatica Corporation, (2)

 

149,393

 

15,000

 

Micros Systems, Inc., (2)

 

682,650

 

760,000

 

Microsoft Corporation, (3)

 

21,743,600

 

1,584

 

Microstrategy Inc., (2)

 

160,111

 

1,330

 

NetSuite Inc., (2)

 

106,480

 

564,163

 

Oracle Corporation, (3)

 

18,245,031

 

12,402

 

Parametric Technology Corporation, (2)

 

316,127

 

6,511

 

Progress Software Corporation, (2)

 

148,321

 

5,477

 

Red Hat, Inc., (2)

 

276,917

 

513

 

Salesforce.com, Inc., (2)

 

91,740

 

3,202

 

Solera Holdings Inc.

 

186,773

 

2,640

 

SS&C Technologies Holdings Inc., (2)

 

79,147

 

25,778

 

Synopsys Inc., (2)

 

924,915

 

5,497

 

Tibco Software Inc., (2)

 

111,149

 

 

 

Total Software

 

44,841,447

 

 

 

Specialty Retail – 2.2%

 

 

 

3,231

 

Aaron Rents Inc.

 

92,665

 

4,472

 

Advance Auto Parts, Inc.

 

369,611

 

18,980

 

Ascena Retail Group Inc., (2)

 

352,079

 

1,202

 

AutoZone, Inc., (2)

 

476,918

 

4,581

 

CarMax, Inc., (2)

 

191,028

 

3,340

 

Dick’s Sporting Goods Inc.

 

157,982

 

8,570

 

Gap, Inc.

 

303,378

 

15,928

 

Lowe’s Companies, Inc.

 

603,990

 

10,855

 

PetSmart Inc.

 

674,096

 

9,254

 

Rent-A-Center Inc.

 

341,843

 

5,369

 

Sally Beauty Holdings Inc., (2)

 

157,741

 

5,585

 

Signet Jewelers Limited

 

374,195

 

5,134

 

Tiffany & Co.

 

357,018

 

14,382

 

TJX Companies, Inc.

 

672,359

 

8,047

 

Tractor Supply Company

 

837,934

 

2,515

 

Ulta Salon, Cosmetics & Fragrance, Inc.

 

204,143

 

2,384

 

Williams-Sonoma Inc.

 

122,824

 

 

 

Total Specialty Retail

 

6,289,804

 

 

 

Textiles, Apparel & Luxury Goods – 0.1%

 

 

 

2,496

 

PVH Corporation

 

266,598

 

 

 

Trading Companies & Distributors – 0.1%

 

 

 

4,640

 

MSC Industrial Direct Inc., Class A

 

398,019

 

 

 

Wireless Telecommunication Services – 0.8%

 

 

 

13,012

 

Crown Castle International Corporation, (2)

 

906,156

 

15,355

 

Partner Communications Company Limited

 

95,662

 

12,000

 

SBA Communications Corporation, (2)

 

864,240

 

19,244

 

Telephone and Data Systems Inc.

 

405,471

 

13,012

 

United States Cellular Corporation, (2)

 

468,432

 

 

 

Total Wireless Telecommunication Services

 

2,739,961

 

 

 

Total Common Stocks (cost $189,525,557)

 

291,765,854

 

Principal

 

 

 

 

 

 

 

 

 

Amount (000)

 

Description (1)

 

Coupon

 

Maturity

 

Value

 

 

 

Short-Term Investments – 2.1%

 

 

 

 

 

 

 

 

 

Repurchase Agreements – 2.1%

 

 

 

 

 

 

 

$         6,064

 

Repurchase Agreement with State Street Bank, dated 3/28/13, repurchase price $6,064,448, collateralized by $5,930,000 U.S. Treasury Notes, 2.375%, due 10/31/14, value $6,188,180

 

0.010%

 

4/01/13

 

$

6,064,441

 

 

 

Total Short-Term Investments (cost $6,064,441)

 

 

 

 

 

6,064,441

 

 

 

Total Investments (cost $195,589,998) – 102.5%

 

 

 

 

 

297,830,295

 

 

 

Other Assets Less Liabilities – (2.5)% (4)

 

 

 

 

 

(7,218,151)

 

 

 

Net Assets – 100%

 

 

 

 

 

$

290,612,144

 

 

Investments in Derivatives as of March 31, 2013

 

Call Options Written outstanding:

 

Number of

 

 

 

Notional

 

Expiration

 

Strike

 

 

 

Contracts

 

Type

 

Amount (5)

 

Date

 

Price

 

Value (4)

 

(175

)

NASDAQ 100 Index

 

$

(49,000,000

)

4/20/13

 

$

2,800

 

$

(739,375

)

(50

)

NASDAQ 100 Index

 

(14,125,000

)

4/20/13

 

2,825

 

(135,250

)

(75

)

NASDAQ 100 Index

 

(21,375,000

)

4/20/13

 

2,850

 

(115,125

)

(100

)

NASDAQ 100 Index

 

(28,750,000

)

5/18/13

 

2,875

 

(239,500

)

(100

)

NASDAQ 100 Index

 

(28,500,000

)

5/18/13

 

2,850

 

(342,500

)

(25

)

Russel 2000 Index

 

(2,325,000

)

5/18/13

 

930

 

(82,750

)

(25

)

Russel 2000 Index

 

(2,375,000

)

5/18/13

 

950

 

(50,250

)

(550

)

Total Call Options Written (premiums received $1,348,489)

 

$

(146,450,000

)

 

 

 

 

$

(1,704,750

)

 

 

 

 

 

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

 

$

291,765,854

 

$

 

$

 

$

291,765,854

 

 

Short-Term Investments:

 

 

 

 

 

 

 

 

 

 

Repurchase Agreements

 

 

6,064,441

 

 

6,064,441

 

 

Derivatives:

 

 

 

 

 

 

 

 

 

 

Call Options Written

 

(1,704,750

)

 

 

(1,704,750

)

 

Total

 

$

290,061,104

 

$

6,064,441

 

$

 

$

296,125,545

 

 

 

 

 

 

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 certain gains and losses on investment transactions. 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 March 31, 2013, the cost of investments (excluding investments in derivatives) was $195,649,233.

 

 

 

 

 

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) as of March 31, 2013, were as follows:

 

 

 

 

 

Gross unrealized:

 

 

 

 

 

Appreciation

 

$

106,603,091

 

 

 

Depreciation

 

(4,422,029

)

 

 

 

 

 

 

 

 

Net unrealized appreciation (depreciation) of investments

 

$

102,181,062

 

 

 

 

 

 

 

 

 

 

 

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 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)

 

Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in derivatives.

 

 

(4)

 

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

 

 

(5)

 

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

 

 

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: 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) NASDAQ Premium Income & Growth Fund Inc.

 

 

By (Signature and Title)

/s/ Kevin J. McCarthy

 

 

Kevin J. McCarthy

 

 

Vice President and Secretary

 

 

 

Date: May 30, 2013

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

 

By (Signature and Title)

/s/ Gifford R. Zimmerman

 

 

Gifford R. Zimmerman

 

 

Chief Administrative Officer (principal executive officer)

 

 

 

Date: May 30, 2013

 

 

By (Signature and Title)

/s/ Stephen D. Foy

 

 

Stephen D. Foy

 

 

Vice President and Controller (principal financial officer)

 

 

Date: May 30, 2013