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:         8/31/15         
 
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)
      
   
August 31, 2015 (Unaudited)
      
 
 
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
 
   
LONG-TERM INVESTMENTS – 150.7% (100.0% of Total Investments)
      
 
   
MUNICIPAL BONDS – 150.7% (100.0% of Total Investments)
      
 
   
Education and Civic Organizations – 16.1% (10.7% of Total Investments)
      
$ 1,760
  
Athens Housing Authority, Georgia, Student Housing Lease Revenue Bonds, UGAREF East Campus
6/19 at 100.00
Aa2
$ 1,969,352
   
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
5,289,500
   
Project, Series 2007, 5.000%, 7/01/39
      
700
  
Carrollton Payroll Development Authority, Georgia, Student Housing Revenue Bonds, University
11/15 at 100.00
A1
702,835
   
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
1,733,408
   
Foundation, LLC Project, Series 2011, 5.000%, 7/15/41 – AGM Insured
      
1,340
  
Douglas County Development Authority, Georgia, Charter School Revenue Bonds, Brighten Academy
10/23 at 100.00
N/R
1,450,590
   
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+
719,881
   
Technology Square Project, Refunding Series 2012A, 5.000%, 11/01/31
      
3,000
  
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Emory University,
10/23 at 100.00
AA+
3,361,440
   
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
  
17.790%, 3/01/17 (IF)
No Opt. Call
AA+
1,104,490
1,150
  
17.820%, 3/01/17 (IF)
No Opt. Call
AA+
1,708,716
1,325
  
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University,
10/22 at 100.00
Baa2
1,458,838
   
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
1,087,230
   
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
3,216,030
   
Design Projects, Series 2014, 5.000%, 4/01/44
      
21,230
  
Total Education and Civic Organizations
    
23,802,310
   
Health Care – 12.4% (8.3% of Total Investments)
      
   
Baldwin County Hospital Authority, Georgia, Revenue Bonds, Oconee Regional Medical Center,
      
   
Series 1998:
      
205
  
5.250%, 12/01/22
11/15 at 100.00
CCC
199,801
745
  
5.375%, 12/01/28
12/15 at 100.00
CCC
713,941
715
  
Coweta County Development Authority, Georgia, Revenue Bonds, Piedmont Healthcare, Inc.
6/20 at 100.00
AA–
789,396
   
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–
1,096,370
1,000
  
5.125%, 2/15/40
2/20 at 100.00
AA–
1,093,230
3,945
  
5.250%, 2/15/45
2/41 at 100.00
AA–
4,335,003
1,620
  
Greene County Development Authority, Georgia, Health System Revenue Bonds, Catholic Health
No Opt. Call
AA
1,797,439
   
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+
2,713,507
   
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–
467,232
975
  
5.000%, 8/01/35
8/19 at 100.00
AA–
1,067,293
1,470
  
Medical Center Hospital Authority, Georgia, Revenue Anticipation Certificates, Columbus
No Opt. Call
AA
1,653,618
   
Regional 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
2,406,881
   
Medical Center, Series 2007, 5.000%, 10/01/33
      
16,940
  
Total Health Care
    
18,333,711
   
Housing/Multifamily – 2.8% (1.8% of Total Investments)
      
1,205
  
Atlanta Urban Residential Finance Authority, Georgia, Multifamily Housing Revenue Bonds,
11/23 at 100.00
BBB+
1,175,285
   
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:
      
475
  
5.150%, 11/20/22 (Alternative Minimum Tax)
11/15 at 100.00
AA+
475,755
980
  
5.200%, 11/20/27 (Alternative Minimum Tax)
11/15 at 100.00
AA+
981,166
1,465
  
5.250%, 11/20/32 (Alternative Minimum Tax)
11/15 at 100.00
AA+
1,466,392
4,125
  
Total Housing/Multifamily
    
4,098,598
   
Housing/Single Family – 0.8% (0.5% of Total Investments)
      
   
Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2006C-2:
      
1,000
  
4.500%, 12/01/27 (Alternative Minimum Tax)
12/15 at 100.00
AAA
1,002,240
170
  
4.550%, 12/01/31 (Alternative Minimum Tax)
12/15 at 100.00
AAA
170,357
1,170
  
Total Housing/Single Family
    
1,172,597
   
Industrials – 1.5% (1.0% of Total Investments)
      
2,190
  
Cobb County Development Authority, Georgia, Solid Waste Disposal Revenue Bonds, Georgia Waste
4/16 at 101.00
A–
2,247,575
   
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 Camp
No Opt. Call
Baa2
409,648
   
Corporation, Series 1995, 6.150%, 3/01/17
      
   
Tax Obligation/General – 34.2% (22.7% of Total Investments)
      
2,000
  
Chatham County Hospital Authority, Georgia, Seven Mill Tax Pledge Refunding and Improvement
1/22 at 100.00
AA
2,253,660
   
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+
1,579,605
   
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
1,049,420
   
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
671,292
   
Medical Center, Series 2012, 5.000%, 1/01/32
      
   
East Point Building Authority, Georgia, Revenue Bonds, Water & Sewer Project Series 2006A:
      
3,000
  
5.000%, 2/01/30 – SYNCORA GTY Insured
2/16 at 100.00
N/R
3,013,140
2,000
  
5.000%, 2/01/34 – SYNCORA GTY Insured
2/16 at 100.00
N/R
2,007,780
1,090
  
Floyd County Hospital Authority, Georgia, Revenue Anticipation Certificates, Floyd Medical
1/16 at 100.00
Aa2
1,094,371
   
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
1,311,810
   
Center, Series 2012B, 5.000%, 7/01/23
      
3,000
  
Forsyth County Water and Sewerage Authority, Georgia, Revenue Bonds, Refunding & Improvement
4/25 at 100.00
AAA
3,455,940
   
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–
3,432,630
   
Northeast Georgia Health Services Inc., Series 2014A, 5.500%, 8/15/54
      
4,875
  
Georgia Environmental Loan Acquisition Corporation, Local Government Loan Securitization
3/21 at 100.00
Aaa
5,165,794
   
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
4,010,930
750
  
Georgia State, General Obligation Bonds, Series 1998D, 5.250%, 10/01/15
No Opt. Call
Aaa
753,248
2,500
  
Georgia State, General Obligation Bonds, Series 2007E, 5.000%, 8/01/24
8/17 at 100.00
AAA
2,707,075
1,000
  
Georgia State, General Obligation Bonds, Series 2009B, 5.000%, 1/01/26
1/19 at 100.00
AAA
1,117,520
3,550
  
Georgia State, General Obligation Bonds, Series 2015A, 5.000%, 2/01/28
2/25 at 100.00
AAA
4,318,966
3,500
  
Gwinnett County School District, Georgia, General Obligation Bonds, Series 2013,
2/23 at 100.00
AAA
3,994,760
   
5.000%, 2/01/36
      
1,500
  
Habersham County Hospital Authority, Georgia, Revenue Anticipation Certificates, Series 2014B,
No Opt. Call
Aa3
1,669,125
   
5.000%, 2/01/37
      
445
  
La Grange-Troup County Hospital Authority, Georgia, Revenue Anticipation Certificates, Series
7/18 at 100.00
Aa2
486,719
   
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
306,142
601
  
5.500%, 7/15/30
7/21 at 100.00
N/R
608,301
659
  
5.500%, 1/15/36
7/21 at 100.00
N/R
667,606
2,260
  
Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia
10/21 at 100.00
Aa2
2,484,508
   
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
2,223,920
   
Refunding Series 2012, 5.000%, 12/01/29 – AGM Insured
      
45,767
  
Total Tax Obligation/General
    
50,384,262
   
Tax Obligation/Limited – 25.9% (17.2% of Total Investments)
      
3,250
  
Atlanta Development Authority, Georgia, Revenue Bonds, New Downtown Atlanta Stadium Project,
7/25 at 100.00
Aa3
3,713,775
   
Senior Lien Series 2015A-1, 5.250%, 7/01/44
      
   
Atlanta, Georgia, Tax Allocation Bonds Atlanta Station Project, Series 2007:
      
110
  
5.250%, 12/01/19 – AGC Insured
12/17 at 100.00
AA
119,013
50
  
5.250%, 12/01/20
No Opt. Call
AA
54,097
80
  
5.250%, 12/01/21 – AGC Insured
12/17 at 100.00
AA
86,334
1,080
  
5.000%, 12/01/23 – AGC Insured
12/17 at 100.00
AA
1,153,861
1,500
  
Atlanta, Georgia, Tax Allocation Bonds, Beltline Project Series 2008B. Remarketed,
1/19 at 100.00
A2
1,734,495
   
7.375%, 1/01/31
      
275
  
Atlanta, Georgia, Tax Allocation Bonds, Beltline Project Series 2008C. Remarketed,
1/19 at 100.00
A2
319,082
   
7.500%, 1/01/31
      
15
  
Atlanta, Georgia, Tax Allocation Bonds, Eastside Project, Series 2005A, 5.625%, 1/01/16
11/15 at 100.00
A–
15,056
   
(Alternative Minimum Tax)
      
   
Atlanta, Georgia, Tax Allocation Bonds, Eastside Project, Series 2005B:
      
2,065
  
5.400%, 1/01/20
11/15 at 100.00
A–
2,072,764
2,750
  
5.600%, 1/01/30
11/15 at 100.00
A–
2,759,900
725
  
Atlanta, Georgia, Tax Allocation Bonds, Perry Bolton Project Series 2014, 5.000%, 7/01/41
7/23 at 100.00
A–
764,324
3,420
  
Atlanta, Georgia, Tax Allocation Bonds, Princeton Lakes Project, Series 2006, 5.500%, 1/01/31
1/16 at 100.00
BBB–
3,431,560
1,725
  
Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Performing Arts
No Opt. Call
AAA
2,035,258
   
Center, Refunding Series 2013, 5.000%, 1/01/21
      
   
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–
260,393
5,745
  
5.625%, 10/01/26 – NPFG Insured
10/19 at 100.00
AA–
6,532,582
405
  
Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Refunding Series
No Opt. Call
AA–
470,736
   
2005, 5.500%, 10/01/26 – NPFG Insured
      
2,961
  
Georgia Local Governments, Certificates of Participation, Georgia Municipal Association,
No Opt. Call
AA–
3,195,304
   
Series 1998A, 4.750%, 6/01/28 – NPFG Insured
      
750
  
Georgia Municipal Association Inc., Certificates of Participation, Atlanta Court Project,
11/15 at 100.00
N/R
751,418
   
Series 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
1,011,663
1,165
  
5.500%, 5/01/38 – AGC Insured
5/19 at 100.00
AA
1,308,738
1,920
  
Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax Revenue Bonds, Refunding
No Opt. Call
Aa2
2,121,869
   
Series 1992P, 6.250%, 7/01/20 – AMBAC Insured
      
3,000
  
The Carroll City-County Hospital Authority, Georgia, Revenue Anticipation Certificates Tanner
7/25 at 100.00
AA
3,366,210
   
Medical Center, Inc. Project, Series 2015, 5.000%, 7/01/41
      
810
  
Tift County Hospital Authority, Georgia, Revenue Anticipation Certificates Series 2012,
No Opt. Call
Aa2
890,976
   
5.000%, 12/01/38
      
34,956
  
Total Tax Obligation/Limited
    
38,169,408
   
Transportation – 11.1% (7.4% of Total Investments)
      
2,000
  
Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2011B, 5.000%, 1/01/30
1/21 at 100.00
Aa3
2,170,040
2,000
  
Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2012B, 5.000%, 1/01/31
No Opt. Call
Aa3
2,252,420
2,810
  
Atlanta, Georgia, Airport General Revenue Bonds, Series 2012C, 5.000%, 1/01/42 (Alternative
1/22 at 100.00
Aa3
2,998,073
   
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
A+
2,913,587
3,750
  
5.000%, 1/01/34
1/24 at 100.00
A+
4,216,800
1,500
  
Clayton County Development Authority, Georgia, Special Facilities Revenue Bonds, Delta Air
6/20 at 100.00
BB
1,847,655
   
Lines, Inc. Project, Series 2009A, 8.750%, 6/01/29
      
14,635
  
Total Transportation
    
16,398,575
   
U.S. Guaranteed – 16.8% (11.1% of Total Investments) (4)
      
1,375
  
Cobb County Development Authority, Georgia, Student Housing Revenue Bonds, KSU Village II Real
7/17 at 100.00
Baa2 (4)
1,487,282
   
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)
1,112,310
275
  
5.000%, 6/01/37 (Pre-refunded 6/01/18)
6/18 at 100.00
N/R (4)
305,885
1,725
  
5.000%, 6/01/37 (Pre-refunded 6/01/18)
6/18 at 100.00
Aa2 (4)
1,918,735
3,315
  
Decatur, Georgia, General Obligation Bonds, Series 2007, 5.000%, 1/01/31 (Pre-refunded
1/17 at 100.00
AA+ (4)
3,515,027
   
1/01/17) – AGM Insured
      
1,000
  
Douglasville-Douglas County Water and Sewer Authority, Georgia, Water and Sewerage Revenue
12/15 at 100.00
AA– (4)
1,012,200
   
Bonds, Series 2005, 5.000%, 6/01/29 (Pre-refunded 12/01/15) – NPFG Insured
      
1,500
  
Forsyth County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2007, 5.000%,
4/17 at 100.00
AAA
1,605,705
   
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)
28,537
125
  
6.000%, 6/15/28 (Pre-refunded 6/15/18)
6/18 at 100.00
AA (4)
142,684
5
  
Georgia Municipal Electric Authority, Senior Lien General Power Revenue Bonds, Series 1993Z,
1/17 at 100.00
A+ (4)
5,195
   
5.500%, 1/01/20 (Pre-refunded 1/01/17) – FGIC Insured
      
4,900
  
Gwinnett County School District, Georgia, General Obligation Bonds, Series 2008, 5.000%,
2/18 at 100.00
AAA
5,397,105
   
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)
2,632,781
   
2/01/33 (Pre-refunded 2/01/17)
      
1,490
  
Savannah Economic Development Authority, Georgia, Revenue Bonds, Armstrong Center LLC, Series
12/15 at 100.00
A1 (4)
1,504,960
   
2005A, 5.000%, 12/01/34 (Pre-refunded 12/01/15) – SYNCORA GTY Insured
      
1,000
  
Unified Government of Athens-Clarke County, Georgia, Water and Sewerage Revenue Bonds, Series
1/19 at 100.00
Aa1 (4)
1,147,330
   
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)
1,409,254
   
Reservoir Project, Series 2008, 5.000%, 2/01/38 (Pre-refunded 2/01/18) – AGM Insured
      
1,450
  
Wayne County Hospital Authority, Georgia, Hospital Revenue Bonds, Series 2006, 5.000%, 3/01/23
3/16 at 100.00
N/R (4)
1,484,307
   
(Pre-refunded 3/01/16) – SYNCORA GTY Insured
      
22,940
  
Total U.S. Guaranteed
    
24,709,297
   
Utilities – 9.7% (6.4% of Total Investments)
      
525
  
Burke County Development Authority, Georgia, Pollution Control Revenue Bonds, Georgia Power
No Opt. Call
A–
532,634
   
Company – Vogtle Plant, First Series 2012, 1.750%, 12/01/49 (Mandatory put 6/01/17)
      
2,000
  
Georgia Municipal Electric Authority, General Power Revenue Bonds, Project 1, Series 2007A,
1/17 at 100.00
AA–
2,095,560
   
5.000%, 1/01/25 – NPFG Insured
      
3,000
  
Georgia Municipal Electric Authority, General Power Revenue Bonds, Series 2012GG,
1/23 at 100.00
A+
3,300,930
   
5.000%, 1/01/43
      
300
  
Georgia Municipal Electric Authority, Senior Lien General Power Revenue Bonds, Series 1993Z,
No Opt. Call
A+
317,259
   
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
1,167,969
1,300
  
5.000%, 3/15/21
No Opt. Call
A
1,452,854
1,500
  
5.000%, 3/15/22
No Opt. Call
A
1,690,185
   
Main Street Natural Gas Inc., Georgia, Gas Project Revenue Bonds, Series 2007A:
      
350
  
5.125%, 9/15/17
No Opt. Call
A
373,992
950
  
5.000%, 3/15/18
No Opt. Call
A+
1,033,761
2,000
  
5.000%, 3/15/22
No Opt. Call
A+
2,284,320
12,980
  
Total Utilities
    
14,249,464
   
Water and Sewer – 19.1% (12.7% of Total Investments)
      
260
  
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 2004, 5.750%, 11/01/30 –
No Opt. Call
AA
347,732
   
AGM Insured
      
5,105
  
Cherokee County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2001, 5.000%,
8/18 at 100.00
AA
5,579,918
   
8/01/35 – AGM Insured
      
500
  
Columbus, Georgia, Water and Sewerage Revenue Bonds, Refunding Series 2014A,
5/24 at 100.00
AA
576,625
   
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
7,133,760
300
  
5.000%, 10/01/35 – AGM Insured
No Opt. Call
AA
344,307
5,350
  
DeKalb County, Georgia, Water and Sewerage Revenue Bonds, Second Resolution Series 2011A,
10/21 at 100.00
Aa3
6,139,286
   
5.250%, 10/01/41
      
2,225
  
Douglasville-Douglas County Water and Sewer Authority, Georgia, Water and Sewerage Revenue
6/17 at 100.00
AA–
2,357,476
   
Bonds, Series 2007, 5.000%, 6/01/37 – NPFG Insured
      
1,000
  
Fulton County, Georgia, Water and Sewerage Revenue Bonds, Refunding Series 2013,
1/23 at 100.00
AA–
1,140,630
   
5.000%, 1/01/33
      
360
  
Georgia Environmental Loan Acquisition Corporation, Local Government Loan Securitization
2/21 at 100.00
Aaa
360,724
   
Bonds, Cobb County-Marietta Water Authority Loans, Series 2011, 5.250%, 2/15/36
      
1,000
  
Milledgeville, Georgia, Water and Sewerage Revenue Refunding Bonds, Series 1996, 6.000%,
No Opt. Call
AA
1,139,610
   
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
2,255,180
   
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
747,167
   
Reservoir Project, Series 2008, 5.000%, 2/01/38 – AGM Insured
      
24,795
  
Total Water and Sewer
    
28,122,415
$ 202,118
  
Total Long-Term Investments (cost $210,205,832)
    
222,097,860
   
Floating Rate Obligations – (2.2)%
    
(3,245,000)
   
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value – (50.9)% (5)
    
(75,000,000)
   
Other Assets Less Liabilities – 2.4%
    
3,502,300
   
Net Assets Applicable to Common Shares – 100%
    
$ 147,355,160
 
 
Fair Value Measurements
 
Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
 
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
 
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
 
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
 
 
Level 1
Level 2
Level 3
Total
Long-Term Investments:
        
Municipal Bonds
$ —
$222,097,860
$ —
$222,097,860
 
 
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 August 31, 2015, the cost of investments was $206,852,501.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of August 31, 2015, were as follows:
   
Gross unrealized:
  
Appreciation
$12,252,629
Depreciation
(251,899)
Net unrealized appreciation (depreciation) of investments
$12,000,730
 
 
(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 Value as a percentage of Total Investments
   
is 33.8%.
(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:         October 30, 2015        
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
By (Signature and Title) /s/ Gifford R. Zimmerman            
       Gifford R. Zimmerman
     Chief Administrative Officer (principal executive officer)
                        
Date:         October 30, 2015        
 
By (Signature and Title) /s/ Stephen D. Foy                         
 
     Stephen D. Foy
     Vice President and Controller (principal financial officer)
                                                                                         
Date:         October 30, 2015