nq2.htm



 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 
Investment Company Act file number 811-21152
 
Nuveen Georgia Dividend Advantage Municipal Fund 2
(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:         2/29/16         
 
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
 
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 
 
 
 
 
Item 1. Schedule of Investments
 
           
   
Portfolio of Investments
      
 
   
Nuveen Georgia Dividend Advantage Municipal Fund 2 (NKG)
      
   
February 29, 2016 (Unaudited)
      
 
 
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
 
   
LONG-TERM INVESTMENTS – 148.2% (100.0% of Total Investments)
      
 
   
MUNICIPAL BONDS – 148.2% (100.0% of Total Investments)
      
 
   
Education and Civic Organizations – 18.3% (12.4% of Total Investments)
      
$ 1,760
  
Athens Housing Authority, Georgia, Student Housing Lease Revenue Bonds, UGAREF East Campus
6/19 at 100.00
Aa2
$ 1,971,235
   
Housing LLC Project, Series 2009, 5.250%, 6/15/35
      
5,000
  
Atlanta Development Authority, Georgia, Educational Facilities Revenue Bonds, Science Park LLC
7/17 at 100.00
Aa3
5,234,799
   
Project, Series 2007, 5.000%, 7/01/39
      
700
  
Carrollton Payroll Development Authority, Georgia, Student Housing Revenue Bonds, University
5/16 at 100.00
A1
702,912
   
of West Georgia, Series 2004A, 5.000%, 9/01/21 – SYNCORA GTY Insured
      
1,600
  
Cobb County Development Authority, Georgia, Revenue Bonds, KSU University II Real Estate
7/21 at 100.00
AA
1,756,112
   
Foundation, LLC Project, Series 2011, 5.000%, 7/15/41 – AGM Insured
      
1,340
  
Douglas County Development Authority, Georgia, Charter School Revenue Bonds, Brighten
10/23 at 100.00
N/R
1,464,995
   
Academy Project, Series 2013B, 7.000%, 10/01/43
      
625
  
Fulton County Development Authority, Georgia, Revenue Bonds, Georgia Tech Foundation
5/22 at 100.00
AA+
737,075
   
Technology Square Project, Refunding Series 2012A, 5.000%, 11/01/31
      
3,000
  
Fulton County Development Authority, Georgia, Revenue Bonds, Robert W. Woodruff Arts Center,
3/26 at 100.00
A2
3,480,270
   
Inc. Project, Refunding Series 2015A, 5.000%, 3/15/36
      
3,000
  
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Emory University,
10/23 at 100.00
AA+
3,459,420
   
Refunding Series 2013A, 5.000%, 10/01/43
      
   
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Emory University, Series
      
   
2009, Tender Option Bond Trust 2015-XF0073:
      
730
  
18.017%, 3/01/17 (IF)
No Opt. Call
AA+
1,104,833
1,150
  
18.047%, 3/01/17 (IF)
No Opt. Call
AA+
1,712,856
1,325
  
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University,
10/22 at 100.00
Baa2
1,520,345
   
Refunding Series 2012C, 5.250%, 10/01/30
      
1,000
  
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University, Series
10/21 at 100.00
Baa2
1,108,690
   
2012A, 5.000%, 10/01/32
      
3,000
  
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Savannah College of Art &
4/24 at 100.00
Baa2
3,296,790
   
Design Projects, Series 2014, 5.000%, 4/01/44
      
24,230
  
Total Education and Civic Organizations
    
27,550,332
   
Health Care – 12.2% (8.2% of Total Investments)
      
   
Baldwin County Hospital Authority, Georgia, Revenue Bonds, Oconee Regional Medical Center,
      
   
Series 1998:
      
205
  
5.250%, 12/01/22
5/16 at 100.00
CC
169,279
745
  
5.375%, 12/01/28
6/16 at 100.00
CC
614,692
715
  
Coweta County Development Authority, Georgia, Revenue Bonds, Piedmont Healthcare, Inc.
6/20 at 100.00
AA–
808,493
   
Project, Series 2010, 5.000%, 6/15/40
      
   
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates,
      
   
Northeast Georgia Health Services Inc., Series 2010B:
      
1,000
  
5.000%, 2/15/33
2/20 at 100.00
AA–
1,102,550
1,000
  
5.125%, 2/15/40
2/20 at 100.00
AA–
1,095,240
3,945
  
5.250%, 2/15/45
2/41 at 100.00
AA–
4,343,840
1,620
  
Greene County Development Authority, Georgia, Health System Revenue Bonds, Catholic Health
No Opt. Call
AA
1,830,260
   
East Issue, Series 2012, 5.000%, 11/15/37
      
2,540
  
Houston County Hospital Authority, Georgia, Revenue Bonds, Houston Healthcare Project, Series
10/17 at 100.00
A+
2,690,216
   
2007, 5.250%, 10/01/35
      
   
Macon-Bibb County Hospital Authority, Georgia, Revenue Anticipation Certificates, Medical
      
   
Center of Central Georgia Inc., Series 2009:
      
425
  
5.000%, 8/01/32
8/19 at 100.00
AA–
468,597
975
  
5.000%, 8/01/35
8/19 at 100.00
AA–
1,070,258
1,470
  
Medical Center Hospital Authority, Georgia, Revenue Anticipation Certificates, Columbus Regional
No Opt. Call
AA
1,671,302
   
Healthcare System, Inc. Project, Series 2010, 5.000%, 8/01/21 – AGM Insured
      
2,300
  
Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia
10/17 at 100.00
A
2,397,589
   
Medical Center, Series 2007, 5.000%, 10/01/33
      
16,940
  
Total Health Care
    
18,262,316
   
Housing/Multifamily – 2.7% (1.8% of Total Investments)
      
1,205
  
Atlanta Urban Residential Finance Authority, Georgia, Multifamily Housing Revenue Bonds,
11/23 at 100.00
BBB+
1,218,966
   
Trestletree Village Apartments, Series 2013A, 4.500%, 11/01/35
      
   
Savannah Economic Development Authority, Georgia, GNMA Collateralized Multifamily Housing
      
   
Revenue Bonds, Snap I-II-III Apartments, Series 2002A:
      
450
  
5.150%, 11/20/22 (Alternative Minimum Tax)
5/16 at 100.00
AA+
451,013
980
  
5.200%, 11/20/27 (Alternative Minimum Tax)
5/16 at 100.00
AA+
981,627
1,465
  
5.250%, 11/20/32 (Alternative Minimum Tax)
5/16 at 100.00
AA+
1,466,992
4,100
  
Total Housing/Multifamily
    
4,118,598
   
Housing/Single Family – 0.3% (0.2% of Total Investments)
      
   
Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2006C-2:
      
360
  
4.500%, 12/01/27 (Alternative Minimum Tax)
6/16 at 100.00
AAA
360,425
50
  
4.550%, 12/01/31 (Alternative Minimum Tax)
6/16 at 100.00
AAA
50,055
410
  
Total Housing/Single Family
    
410,480
   
Industrials – 1.5% (1.0% of Total Investments)
      
2,190
  
Cobb County Development Authority, Georgia, Solid Waste Disposal Revenue Bonds, Georgia
4/16 at 101.00
A–
2,207,038
   
Waste Management Project, Series 2004A, 5.000%, 4/01/33 (Alternative Minimum Tax)
      
   
Materials – 0.3% (0.2% of Total Investments)
      
390
  
Savannah Economic Development Authority, Georgia, Pollution Control Revenue Bonds, Union
No Opt. Call
Baa2
405,713
   
Camp Corporation, Series 1995, 6.150%, 3/01/17
      
   
Tax Obligation/General – 37.6% (25.4% of Total Investments)
      
2,000
  
Chatham County Hospital Authority, Georgia, Seven Mill Tax Pledge Refunding and Improvement
1/22 at 100.00
AA
2,311,140
   
Revenue Bonds, Memorial Health University Medical Center, Inc., Series 2012A, 5.000%, 1/01/31
      
1,500
  
Cherokee County Resource Recovery Development Authority, Georgia, Solid Waste Disposal
7/17 at 100.00
AA+
1,565,535
   
Revenue Bonds, Ball Ground Recycling LLC Project, Series 2007A, 5.000%, 7/01/37 –
      
   
AMBAC Insured (Alternative Minimum Tax)
      
1,000
  
Clark County Hospital Authority, Georgia, Hospital Revenue Bonds, Athens Regional Medical
1/17 at 100.00
Aa1
1,033,660
   
Center, Series 2007, 5.000%, 1/01/27 – NPFG Insured
      
600
  
Clarke County Hospital Authority, Georgia, Hospital Revenue Certificates, Athens Regional
1/22 at 100.00
Aa1
681,348
   
Medical Center, Series 2012, 5.000%, 1/01/32
      
1,725
  
Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Performing Arts
No Opt. Call
AAA
2,057,321
   
Center, Refunding Series 2013, 5.000%, 1/01/21
      
   
East Point Building Authority, Georgia, Revenue Bonds, Water & Sewer Project Series 2006A:
      
3,000
  
5.000%, 2/01/30 – SYNCORA GTY Insured
5/16 at 100.00
N/R
3,003,960
2,000
  
5.000%, 2/01/34 – SYNCORA GTY Insured
5/16 at 100.00
N/R
2,002,420
1,090
  
Floyd County Hospital Authority, Georgia, Revenue Anticipation Certificates, Floyd Medical
5/16 at 100.00
Aa2
1,094,502
   
Center, Series 2003, 5.000%, 7/01/19 – NPFG Insured
      
1,135
  
Floyd County Hospital Authority, Georgia, Revenue Anticipation Certificates, Floyd Medical
No Opt. Call
Aa2
1,352,409
   
Center, Series 2012B, 5.000%, 7/01/23
      
3,000
  
Forsyth County Water and Sewerage Authority, Georgia, Revenue Bonds, Refunding &
4/25 at 100.00
AAA
3,521,070
   
Improvement Series 2015, 5.000%, 4/01/44
      
3,000
  
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates,
2/25 at 100.00
AA–
3,562,410
   
Northeast Georgia Health Services Inc., Series 2014A, 5.500%, 8/15/54
      
2,450
  
Georgia Environmental Loan Acquisition Corporation, Local Government Loan Securitization
3/21 at 100.00
Aaa
2,593,154
   
Bonds, Loan Pool Series 2011, 5.125%, 3/15/31
      
3,500
  
Georgia State, General Obligation Bonds, Refunding Series 2009I, 5.000%, 7/01/19
No Opt. Call
AAA
3,994,550
2,500
  
Georgia State, General Obligation Bonds, Series 2007E, 5.000%, 8/01/24
8/17 at 100.00
AAA
2,662,075
1,000
  
Georgia State, General Obligation Bonds, Series 2009B, 5.000%, 1/01/26
1/19 at 100.00
AAA
1,117,350
3,550
  
Georgia State, General Obligation Bonds, Series 2015A, 5.000%, 2/01/28
2/25 at 100.00
AAA
4,434,305
3,500
  
Gwinnett County School District, Georgia, General Obligation Bonds, Series 2013, 5.000%, 2/01/36
2/23 at 100.00
AAA
4,106,375
1,500
  
Habersham County Hospital Authority, Georgia, Revenue Anticipation Certificates, Series 2014B,
No Opt. Call
Aa3
1,711,815
   
5.000%, 2/01/37
      
445
  
La Grange-Troup County Hospital Authority, Georgia, Revenue Anticipation Certificates, Series
7/18 at 100.00
Aa2
483,764
   
2008A, 5.500%, 7/01/38
      
   
Liberty County Industrial Authority, Georgia, Revenue Bonds, Series 2014:
      
302
  
5.500%, 7/15/23
7/21 at 100.00
N/R
309,722
601
  
5.500%, 7/15/30
7/21 at 100.00
N/R
615,414
659
  
5.500%, 1/15/36
7/21 at 100.00
N/R
675,412
3,000
  
Sandy Springs Public Facilities Authority, Georgia, Revenue Bonds, Sandy Springs City Center
5/26 at 100.00
Aaa
3,541,770
   
Project, Series 2015, 5.000%, 5/01/47
      
3,000
  
The Carroll City-County Hospital Authority, Georgia, Revenue Anticipation Certificates Tanner
7/25 at 100.00
AA
3,414,660
   
Medical Center, Inc. Project, Series 2015, 5.000%, 7/01/41
      
2,260
  
Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia
10/21 at 100.00
Aa2
2,503,199
   
Medical Center Project, Series 2011B, 5.000%, 10/01/41
      
2,000
  
Winder-Barrow Industrial Building Authority, Georgia, Revenue Bonds, City of Winder Project,
12/21 at 100.00
A1
2,264,500
   
Refunding Series 2012, 5.000%, 12/01/29 – AGM Insured
      
50,317
  
Total Tax Obligation/General
    
56,613,840
   
Tax Obligation/Limited – 21.7% (14.6% of Total Investments)
      
3,250
  
Atlanta Development Authority, Georgia, Revenue Bonds, New Downtown Atlanta Stadium Project,
7/25 at 100.00
Aa3
3,798,340
   
Senior Lien Series 2015A-1, 5.250%, 7/01/44
      
   
Atlanta, Georgia, Tax Allocation Bonds Atlanta Station Project, Refunding Series 2007:
      
110
  
5.250%, 12/01/19 – AGC Insured
12/17 at 100.00
AA
117,706
50
  
5.250%, 12/01/20
No Opt. Call
AA
53,503
80
  
5.250%, 12/01/21 – AGC Insured
12/17 at 100.00
AA
85,459
1,080
  
5.000%, 12/01/23 – AGC Insured
12/17 at 100.00
AA
1,144,724
1,500
  
Atlanta, Georgia, Tax Allocation Bonds, Beltline Project Series 2008B. Remarketed, 7.375%, 1/01/31
1/19 at 100.00
A2
1,718,235
270
  
Atlanta, Georgia, Tax Allocation Bonds, Beltline Project Series 2008C. Remarketed, 7.500%, 1/01/31
1/19 at 100.00
A2
310,208
   
Atlanta, Georgia, Tax Allocation Bonds, Eastside Project, Series 2005B:
      
1,710
  
5.400%, 1/01/20
5/16 at 100.00
A–
1,716,618
2,750
  
5.600%, 1/01/30
5/16 at 100.00
A–
2,760,670
725
  
Atlanta, Georgia, Tax Allocation Bonds, Perry Bolton Project Series 2014, 5.000%, 7/01/41
7/23 at 100.00
A–
779,266
1,915
  
Atlanta, Georgia, Tax Allocation Bonds, Princeton Lakes Project, Series 2006, 5.500%, 1/01/31
5/16 at 100.00
BBB–
1,917,049
   
Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Refunding
      
   
Series 1993:
      
250
  
5.500%, 10/01/18 – NPFG Insured
No Opt. Call
AA–
260,385
5,745
  
5.625%, 10/01/26 – NPFG Insured
10/19 at 100.00
AA–
6,770,022
405
  
Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Refunding Series
No Opt. Call
AA–
488,110
   
2005, 5.500%, 10/01/26 – NPFG Insured
      
3,020
  
Georgia Local Governments, Certificates of Participation, Georgia Municipal Association, Series
No Opt. Call
AA–
3,408,463
   
1998A, 4.750%, 6/01/28 – NPFG Insured
      
750
  
Georgia Municipal Association Inc., Certificates of Participation, Atlanta Court Project,Series
5/16 at 100.00
N/R
751,875
   
2002, 5.125%, 12/01/21 – AMBAC Insured
      
   
Georgia Municipal Association Inc., Certificates of Participation, Riverdale Public Purpose
      
   
Project, Series 2009:
      
905
  
5.375%, 5/01/32 – AGC Insured
5/19 at 100.00
AA
1,009,663
1,165
  
5.500%, 5/01/38 – AGC Insured
5/19 at 100.00
AA
1,304,602
1,920
  
Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax Revenue Bonds, Refunding
No Opt. Call
Aa1
2,111,078
   
Series 1992P, 6.250%, 7/01/20 – AMBAC Insured
      
1,000
  
Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax Revenue Bonds, Third
7/26 at 100.00
AA+
1,178,560
   
Indenture, Series 2015B, 5.000%, 7/01/41
      
810
  
Tift County Hospital Authority, Georgia, Revenue Anticipation Certificates Series 2012,
No Opt. Call
Aa2
930,236
   
5.000%, 12/01/38
      
29,410
  
Total Tax Obligation/Limited
    
32,614,772
   
Transportation – 11.2% (7.5% of Total Investments)
      
2,000
  
Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2011B, 5.000%, 1/01/30
1/21 at 100.00
AA–
2,202,520
2,000
  
Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2012B, 5.000%, 1/01/31
No Opt. Call
AA–
2,292,240
2,810
  
Atlanta, Georgia, Airport General Revenue Bonds, Series 2012C, 5.000%, 1/01/42 (Alternative
1/22 at 100.00
AA–
3,053,908
   
Minimum Tax)
      
   
Atlanta, Georgia, Airport Passenger Facilities Charge and General Revenue Bonds, Refunding
      
   
Subordinate Lien Series 2014A:
      
2,575
  
5.000%, 1/01/32
1/24 at 100.00
AA–
3,012,621
3,750
  
5.000%, 1/01/34
1/24 at 100.00
AA–
4,361,288
1,500
  
Clayton County Development Authority, Georgia, Special Facilities Revenue Bonds, Delta Air
6/20 at 100.00
Baa3
1,857,435
   
Lines, Inc. Project, Series 2009A, 8.750%, 6/01/29
      
14,635
  
Total Transportation
    
16,780,012
   
U.S. Guaranteed – 19.5% (13.2% of Total Investments) (4)
      
5,100
  
Cherokee County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2001, 5.000%,
8/18 at 100.00
Aa2 (4)
5,627,084
   
8/01/35 (Pre-refunded 8/01/18) – AGM Insured
      
1,375
  
Cobb County Development Authority, Georgia, Student Housing Revenue Bonds, KSU Village II Real
7/17 at 100.00
N/R (4)
1,461,873
   
Estate Foundation LLC Project, Senior Series 2007A, 5.250%, 7/15/38 (Pre-refunded 7/15/17) –
      
   
AMBAC Insured
      
   
Coweta County Water and Sewer Authority, Georgia, Revenue Bonds, Series 2007:
      
1,000
  
5.000%, 6/01/32 (Pre-refunded 6/01/18)
6/18 at 100.00
Aa2 (4)
1,096,680
275
  
5.000%, 6/01/37 (Pre-refunded 6/01/18)
6/18 at 100.00
N/R (4)
301,587
1,725
  
5.000%, 6/01/37 (Pre-refunded 6/01/18)
6/18 at 100.00
Aa2 (4)
1,891,773
3,315
  
Decatur, Georgia, General Obligation Bonds, Series 2007, 5.000%, 1/01/31 (Pre-refunded
1/17 at 100.00
AA+ (4)
3,444,716
   
1/01/17) – AGM Insured
      
2,225
  
Douglasville-Douglas County Water and Sewer Authority, Georgia, Water and Sewerage Revenue
6/17 at 100.00
AA– (4)
2,351,158
   
Bonds, Series 2007, 5.000%, 6/01/37 (Pre-refunded 6/01/17) – NPFG Insured
      
1,500
  
Forsyth County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2007, 5.000%,
4/17 at 100.00
AAA
1,575,240
   
4/01/37 (Pre-refunded 4/01/17) – AGM Insured
      
   
Georgia Higher Education Facilities Authority, Revenue Bonds, USG Real Estate Foundation I LLC
      
   
Project, Series 2008:
      
25
  
6.000%, 6/15/28 (Pre-refunded 6/15/18)
6/18 at 100.00
AA (4)
28,029
125
  
6.000%, 6/15/28 (Pre-refunded 6/15/18)
6/18 at 100.00
AA (4)
140,146
995
  
Georgia Municipal Electric Authority, General Power Revenue Bonds, Project 1, Series 2007A-2,
1/17 at 100.00
AA– (4)
1,033,845
   
5.000%, 1/01/25 (Pre-refunded 1/01/17)
      
4,900
  
Gwinnett County School District, Georgia, General Obligation Bonds, Series 2008, 5.000%,
2/18 at 100.00
AAA
5,305,818
   
2/01/36 (Pre-refunded 2/01/18) (UB)
      
2,475
  
Paulding County School District, Georgia, General Obligation Bonds, Series 2007, 5.000%,
2/17 at 100.00
AA+ (4)
2,581,004
   
2/01/33 (Pre-refunded 2/01/17)
      
1,000
  
Unified Government of Athens-Clarke County, Georgia, Water and Sewerage Revenue Bonds,
1/19 at 100.00
Aa1 (4)
1,133,310
   
Series 2008, 5.500%, 1/01/38 (Pre-refunded 1/01/19)
      
1,280
  
Walton County Water and Sewerage Authority, Georgia, Revenue Bonds, The Oconee-Hard Creek
2/18 at 100.00
A2 (4)
1,387,034
   
Reservoir Project, Series 2008, 5.000%, 2/01/38 (Pre-refunded 2/01/18) – AGM Insured
      
27,315
  
Total U.S. Guaranteed
    
29,359,297
   
Utilities – 9.3% (6.3% of Total Investments)
      
525
  
Burke County Development Authority, Georgia, Pollution Control Revenue Bonds, Georgia Power
No Opt. Call
A+
530,786
   
Company – Vogtle Plant, First Series 2012, 1.750%, 12/01/49 (Mandatory put 6/01/17)
      
1,005
  
Georgia Municipal Electric Authority, General Power Revenue Bonds, Project 1, Series 2007A-2,
1/17 at 100.00
AA–
1,037,964
   
5.000%, 1/01/25
      
3,000
  
Georgia Municipal Electric Authority, General Power Revenue Bonds, Series 2012GG,
1/23 at 100.00
A+
3,376,260
   
5.000%, 1/01/43
      
130
  
Georgia Municipal Electric Authority, Senior Lien General Power Revenue Bonds, Series 1993Z,
No Opt. Call
A+
137,229
   
5.500%, 1/01/20 – FGIC Insured
      
   
Main Street Natural Gas Inc., Georgia, Gas Project Revenue Bonds, Series 2006B:
      
1,055
  
5.000%, 3/15/20
No Opt. Call
A
1,170,512
1,300
  
5.000%, 3/15/21
No Opt. Call
A
1,468,311
1,500
  
5.000%, 3/15/22
No Opt. Call
A
1,707,435
   
Main Street Natural Gas Inc., Georgia, Gas Project Revenue Bonds, Series 2007A:
      
350
  
5.125%, 9/15/17
No Opt. Call
A
369,495
950
  
5.000%, 3/15/18
No Opt. Call
A+
1,019,189
2,000
  
5.000%, 3/15/22
No Opt. Call
A+
2,310,540
1,500
  
Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Lien Series
No Opt. Call
A+
873,525
   
2015A, 0.000%, 1/01/32
      
13,315
  
Total Utilities
    
14,001,246
   
Water and Sewer – 13.6% (9.2% of Total Investments)
      
260
  
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 2004, 5.750%, 11/01/30 –
No Opt. Call
AA
364,874
   
AGM Insured
      
5
  
Cherokee County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2001, 5.000%,
8/18 at 100.00
Aa2
5,443
   
8/01/35 – AGM Insured
      
500
  
Columbus, Georgia, Water and Sewerage Revenue Bonds, Refunding Series 2014A,
5/24 at 100.00
AA
589,835
   
5.000%, 5/01/31
      
   
DeKalb County, Georgia, Water and Sewerage Revenue Bonds, Refunding Series 2006B:
      
6,000
  
5.250%, 10/01/32 – AGM Insured
10/26 at 100.00
AA
7,463,339
300
  
5.000%, 10/01/35 – AGM Insured
No Opt. Call
AA
359,502
5,350
  
DeKalb County, Georgia, Water and Sewerage Revenue Bonds, Second Resolution Series 2011A,
10/21 at 100.00
Aa3
6,301,390
   
5.250%, 10/01/41
      
1,000
  
Fulton County, Georgia, Water and Sewerage Revenue Bonds, Refunding Series 2013,
1/23 at 100.00
AA–
1,161,690
   
5.000%, 1/01/33
      
1,000
  
Milledgeville, Georgia, Water and Sewerage Revenue Refunding Bonds, Series 1996, 6.000%,
No Opt. Call
AA
1,149,330
   
12/01/21 – AGM Insured
      
2,000
  
South Fulton Municipal Regional Water and Sewer Authority, Georgia, Revenue Bonds, Refunding
1/24 at 100.00
AA
2,322,960
   
Series 2014, 5.000%, 1/01/30
      
695
  
Walton County Water and Sewerage Authority, Georgia, Revenue Bonds, The Oconee-Hard Creek
2/18 at 100.00
A2
742,448
   
Reservoir Project, Series 2008, 5.000%, 2/01/38 – AGM Insured
      
17,110
  
Total Water and Sewer
    
20,460,811
$ 200,362
  
Total Long-Term Investments (cost $208,106,637)
    
222,784,455
   
Floating Rate Obligations – (2.2)%
    
(3,245,000)
   
Variable Rate MuniFund Term Preferred Shares, at Liquidation Preference – (49.9)% (5)
    
(75,000,000)
   
Other Assets Less Liabilities – 3.9%
    
5,788,043
   
Net Assets Applicable to Common Shares – 100%
    
$ 150,327,498
 
 
 
 
 
 
Fair Value Measurements
 
Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
 
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
 
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
 
The inputs or methodologies used for valuing securities are not an indication of the risk 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
$ —
$222,784,455
$ —
$222,784,455
 
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 29, 2016, the cost of investments was $204,739,255.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of February 29, 2016, were as follows:
   
Gross unrealized:
  
Appreciation
$14,904,431
Depreciation
(103,929)
Net unrealized appreciation (depreciation) of investments
$14,800,502
 
     
(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)
  
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.
(5)
  
Variable Rate MuniFund Term Preferred Shares, at Liquidation Preference as a percentage of Total
   
Investments is 33.7%.
(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 Georgia Dividend Advantage Municipal Fund 2 
 
By (Signature and Title) /s/ Kevin J. McCarthy                    
       Kevin J. McCarthy
     Vice President and Secretary
                                         
Date:         April 29, 2016        
 
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, 2016        
 
By (Signature and Title) /s/ Stephen D. Foy                         
 
     Stephen D. Foy
     Vice President and Controller (principal financial officer)
                                                                                         
Date:         April 29, 2016